| (05:37 am) Qwert :Early gap up: AUXL, LAKE,
UAL. RT,
(05:39 am) Qwert :Early gap down: KFX, GPS,
HUB.B, ARWR
(05:40 am) Qwert :consumer comfort index at
9:45, wholesale inventories at 10:00 times
are EST.
(05:43 am) Qwert :Also today is when TSLA
unveils the “D” and something else.
(06:22 am) Mitch King:Premarket UP: GTIV,
AUXL, ARWR, STV, KND, LAKE, UAL, APT, ACHN,
RVBD Premarket DOWN: VOD, AMD, GPS, KFX,
HUB.B
(06:31 am) Mitch King:watching LAKE
(06:32 am) Mitch King:watching IPXL
(06:33 am) Mitch King:airline stocks spiking:
ALK, UAL, LUV, DAL,
(06:33 am) Mitch King:monitoring SFUN, low
priority
(06:34 am) Mitch King:TSO moving, trending
up
(06:35 am) Mitch King:monitoring ENDP drop,
erasing last 2 hours of runup yesterday
(06:41 am) Mitch King:watching TSO for long
entry
(06:42 am) Mitch King:VLO same sector as TSO,
oil refinery-gas stations but TSO long scalp
better
(06:46 am) Mitch King:watching ENDP for
another long entry
(06:51 am) Mitch King:correction its 12-14
(06:51 am) Mitch King:NQ 11-14 dropping
(06:58 am) Mitch King:RVBD strong still
(07:00 am) Mitch King:07:00 *(US) AUG
WHOLESALE INVENTORIES M/M: 0.7% V 0.3%E;
WHOLESALE TRADE SALES M/M: % V 0.3%E – Prior
Wholesale Inventories MoM revised XXX from
0.1% to %- Prior Wholesale Sales revised XXX
from 0.7% to % – Source TradeTheNews.com
(07:01 am) Qwert :Lake over 14
(07:05 am) Mitch King:watching ENDP for
bottom to buy
(07:08 am) Mitch King:ENDP bouncing
(07:10 am) Mitch King:new low on nasdaq
(07:11 am) Mitch King:ES futures new low
(07:21 am) Qwert :Lake over 15
(07:26 am) Mitch King:natural gas inventories
in 3 min
(07:28 am) Mitch King:YELP takeover chatter
(07:30 am) Mitch King:07:30 *(US) WEEKLY EIA
NATURAL GAS INVENTORIES: +105 BCF VS +106 TO
+110 BCF EXPECTED RANGE – Link:
http://ir.eia.gov/ngs/ngs.html – Source
TradeTheNews.com
(07:32 am) Murano :monitoring LNG
(07:35 am) Mitch King:new low on indexes
(07:47 am) Mitch King:SCOK
(07:53 am) Mitch King:new low of day on ES
[SP500 minis0
(07:59 am) Mitch King:indexes getting some
buying
(08:00 am) Mitch King:Draghi speaking, i
think that is moving indexes
(08:24 am) Mitch King:double top in NQ index
(08:41 am) Mitch King:the chart in background
is ES which is SP500 minis futures
(08:41 am) Mitch King:new low in SP
(08:43 am) Mitch King:looking for NQ futures
bounce
(10:15 am) Mitch King:LAKE over 18
(10:22 am) Mitch King:new all time high on
LAKE
(10:58 am) Mitch King:new high on LAKE
(11:08 am) Mitch King:TKMR spiking
(12:00 pm) Mitch King:85 on CL 11-14, thats
$10 drop in a week
| (05:28 am) Murano :good morning
(05:28 am) Qwert :Good morning Murano
(05:31 am) klas :Good Morning Murano And
Qwert
(05:44 am) klas :Tan
(05:44 am) klas :Thanks Qwert
(05:45 am) Qwert :Did you guys see the move
in Dust yesterday wow
(05:46 am) klas :I do now
(05:56 am) toby1115 :gm
(06:05 am) skydiver :gm Mitch qwert Murano
klas toby1115 mberl1
(06:06 am) skydiver :Thanks qwert – I forgot
about AAPL’s unveiling today
(06:08 am) skydiver :thanks qwert for
gappers and info
(06:08 am) Mitch King:thanks for info qwret
(06:09 am) skydiver :ipo’s today are:
HUBS NSIG VBTX OMAM VKTX MOLG
USDP
(06:10 am) skydiver :VKTX – been going to
open several times and has not happened as of
yet so skeptical
(06:13 am) skydiver :AUXL – Endo and
Auxilium host a joint conference call Endo
Int’l and Auxilium Pharma host a joint
conference call to discuss a definitive
agreement under which Endo will acquire
Auxilium. on October 9 at 8:30 am. Webcast
Link :theflyonthewall.com
(06:16 am) skydiver :ARWR – monitoring
(06:23 am) Mitch King:GOT TO REset computer,
oh boy
(06:29 am) skydiver :Gentiva volatility low
into being acquired by Kindred for $1.8B
Gentiva (GTIV) overall option implied
volatility of 25 compares to its 26-week
average of 32 according to Track Data,
suggesting decreasing price movement into
being acquired by Kindred (KND) for $19.50
per share in cash and stock.
:theflyonthewall.com
(06:38 am) skydiver :BABA – trying for $90
(06:40 am) skydiver :ipo – HUBS (5M shares
around $19 – $21)
(06:42 am) skydiver :CREE – take over
chatter
(06:43 am) skydiver :ipo – USDP now open
(06:45 am) skydiver :short CREE 32.76
(06:46 am) skydiver :ipo -OMAM now open
(06:47 am) skydiver :covered CREE 32.43
(06:48 am) skydiver :busy with several
stocks – hard to post
(06:49 am) skydiver :USDP – all out at
16.15
(06:49 am) skydiver :IPO – may jump
(06:49 am) skydiver :USDP and it did
(06:59 am) skydiver :ipo – HUBS now open
(07:01 am) Mitch King:LAKE makes the hazmat
suits used for ebola healthcare
(07:02 am) Mitch King:the nurse assistant in
Spain is reportedly got invected while taking
off suit as well as doctors on her team
saying sleeves too short
(07:03 am) skydiver :watching HUBS drop
(ipo)
(07:05 am) skydiver :long HUBS 31.04 – not
expecting much of a bounce however
(07:05 am) skydiver :3/4 out of HUBS long
(07:07 am) skydiver :all out of HUBS long
(07:12 am) skydiver :RENT strong this
morning but low volume
(07:24 am) Mitch King:chart in background is
daily chart on LAKE, bullshort candidate
(07:29 am) Mitch King:float in LAKE is 4.26
mil, so is volatile
(07:29 am) skydiver :ipo – VBTX open –
late to post
(07:34 am) Mitch King:pretty big spread on
LAKE for $15 stock
(07:38 am) Murano :reduce LNG if short
(07:39 am) skydiver :thanks for LNG Murano
🙂
(07:43 am) skydiver :LAKE – covering 3/4
here 14.99
(07:45 am) skydiver :covering last 1/4 of
Lake short
(07:45 am) Mitch King:you get shares to short
LAKE sky, lightspeed?
(07:45 am) skydiver :Yes Mitch
(07:46 am) skydiver :still available –
shorts on LAKE thru Lightspeed –
(07:47 am) Mitch King:if this top on LAKE is
lower low than previous low, consider LAKE
has peaked
(07:47 am) skydiver :gotcha Mitch
(07:48 am) Murano :reduce LNG if long
(07:48 am) Mitch King:you are killing it
today murano
(07:48 am) skydiver :I guess – nice work
Murano indeed – pro at work 🙂
(07:49 am) freitag8 :eye on AAPL $101.50 for
support and bounce
(07:51 am) skydiver :ipo – MOLG priced
around $10
(07:53 am) skydiver :MOLG was priced $12.50
– now priced around $10.75
(07:53 am) skydiver :ipo
(07:53 am) skydiver :open – MOLG
(07:59 am) skydiver :ipo – MOLG – never hit
myh price – now out of time — Have a great
day and see you all tomorrow – nice day – all
trades green 🙂
(08:00 am) freitag8 :Good trades Sky…
enjoy your day
(08:05 am) Mitch King:hot move there on LAKE,
odds for short increasing exponentially as it
moves up like that
(08:08 am) Mitch King:hey frei, you watching
NatGas?
(08:18 am) Qwert :This Lake is wild
(08:22 am) freitag8 :Sorry mitch I was
working my AAPL trade… no, I have not
traded Nat Gas in a few weeks
(08:23 am) freitag8 :Reducing to Tier 2 on
AAPL here
(08:23 am) Mitch King:COULD BE IMPORTANT TOP
IN lake
(08:26 am) freitag8 :Inventories came out
today on NatGas right?
(08:26 am) Mitch King:yeah, was much higher
build than expected but NG spiked anyhow, was
very low on daily chart
(08:27 am) freitag8 :That $3.70 area looks
like a good support level
(08:27 am) Mitch King:NG 11-14 is what im
looking at, no 3.7
(08:30 am) freitag8 :Thats the one I have…
looking at a Daily chart for the support…
(08:33 am) freitag8 :Next entry on AAPL for
me is near $102
(08:34 am) Mitch King:remember if you try to
buy LAKE on long scalps you are going against
the trend right now. it has lost its
momentum last 15 minutes. odds heavily favor
the short side
(08:34 am) Mitch King:longs are still viable
though on deeper pullback. if you see a
really big down candle, then don’t go long
yet, might be some news of some sort
(08:35 am) Mitch King:im basically saying it
is dangerous stock to go long. it is the
type of chart on daily chart you can sleep
well being on the short side
(08:41 am) freitag8 :eye on re-entry long on
AAPL
(08:41 am) Mitch King:you have to understand
very clearly the mindset of the traders who
have been watching or trading LAKE are
shifting from greed to fear as it the price
drops
(08:42 am) Mitch King:Draghi talking, saying
without healthy banks quant easing is not
effective
(08:42 am) Mitch King:that is what is causing
this spike down in indexes
(08:46 am) freitag8 :no go on AAPL…
couldn’t find support
(08:48 am) Mitch King:Draghi: euro economy
may get worse, we should do whatever it
takes, draghi really rattling market, he is
talking in europe now.
(08:49 am) Mitch King:saying europe recovery
losing momentum, on and on
(08:53 am) Mitch King:now bill gross is
saying global economy is slowing down
(08:53 am) Mitch King:rattling market more
(08:53 am) Mitch King:spanish ebola patient
at risk of dying,
(08:53 am) Mitch King:i think ebola also adds
selling to market
(08:57 am) Murano :is anyone having problems
with Lightspeed loading today?
(08:57 am) Mitch King:when draghi is done
talking market indexes should rebound, maybe
for couple hours, thats usually pattern
(08:58 am) Mitch King:also Fed fisher talking
too, Bullard
(09:00 am) Mitch King:bad new, lot of bad
news headlines. Germany losing steam, Italy
headed back to recession
(09:03 am) Mitch King:so we have all these
economic leaders talking at two different
meetings and its causing lot of selling,
really rattling market with their language
(09:03 am) freitag8 :And Obama probably
drinking Iced Tea on a Golf Course
(09:27 am) Mitch King:looking for rebound
(09:27 am) Mitch King:in indexes
(09:38 am) freitag8 :getting a little bounce
in the indexes… nice call Mitch
(09:45 am) Qwert :Gotta take off and will not
be here at all tomorrow see you all on
Monday, have a nice weekend
(09:46 am) freitag8 :You too Qwert! Enjoy
the long weekend… Monday is a holiday…
Columbus day… is the market open?
(09:46 am) klas :See ya Qwert
(09:56 am) Mitch King:a UK man died of ebola,
i think he is in macedonia
(10:01 am) Mitch King:i think that spike in
LAKE might be related to the UK man dying,
just announced 4 min ago
(10:08 am) freitag8 :new LOD on /ES
(10:33 am) Mitch King:the Spanish nurses asst
died of ebola
(10:34 am) Mitch King:conflicting reports
that she is alive but in poor condition
(10:34 am) Mitch King:why thats important is
this is the team that had too short sleeves
on hazmat suits. LAKE makes hazmat suits
(10:35 am) freitag8 :you think $20 is
possible today on LAKE?
(10:36 am) Mitch King:possible but this looks
like a top for awhile, hard to tell
(10:38 am) Mitch King:the thing about this
situation is any new headlines can move LAKE
higher but right now we are in the “unknown”
where we dont know how much further ebola is
going to spread before its under control.
this LAKE could continue moving up for sure
over time but the chart is way too high to
hold long overnight
(10:42 am) freitag8 :I agree… I tried that
with NETE when they said it would earn a
partnership with AAPL and now I’m down about
50%… it was a small position but those
headline stocks are not for overnight holds
(10:49 am) Mitch King:no, especially the low
priced ones like NETE. surprised you fell
for that story
(10:49 am) Mitch King:story stocks ruin
accounts
(10:49 am) Mitch King:you are a day trader,
stay on day trading, not news to hold or
invest in
(10:50 am) Mitch King:you have to define your
strengths and match your personality to the
style of trading
(10:50 am) Mitch King:im am an awful
investor, really bad. so i dont invest
anymore, just trade
(10:51 am) freitag8 :thats for sure… I
took a suggestion from Steve Spencer on NETE
that it was a 1 week hold (approximately) and
I only went in with 200 shares to start, so
not too bad
(10:51 am) freitag8 :you are a great
investor as well Mitch… I watch the Top 10
video’s regularly and you do very well there
(10:52 am) Mitch King:yeah but steve has
different approach and mindset for NETE
(10:52 am) freitag8 :and a lot more money to
buy his way out
(10:53 am) freitag8 :every suggestion Steve
has made that I followed I lost money…
(10:54 am) Mitch King:it doesnt match your
mindset
(10:54 am) Mitch King:or style
(10:54 am) freitag8 :just the opposite here
at TSA
(10:54 am) Mitch King:learn what you like and
match style to your personality or else you
kep going yo yo
(10:54 am) freitag8 :thats true..
(10:55 am) freitag8 :I have been focusing on
AAPL type stocks and the TSA Chatroom
suggestions and it has been closer to my
style
(10:57 am) Mitch King:then stay with that
(10:57 am) Mitch King:from my observation,
you havent dialed into a style yet. you jump
around a lot
(10:57 am) Mitch King:true or not?
(10:58 am) freitag8 :thats true… I stay
with something for a while but when I dont
get success I jump ship… bad trade idea
(10:58 am) Mitch King:wrong strategy. get
really good at one thing and keep doing it
(10:59 am) freitag8 :thats good advice…
just gotta find one thing I’m good at besides
sleeping
(11:01 am) freitag8 :I have been good at
trendline and support/resistance… I pegged
AAPL today right on using that… I need to
work on that talent and make it better and
better
(11:01 am) Mitch King:its not what you are
good at now, its what fits your personality
and style, then learn it
(11:01 am) Mitch King:focus on ONE technique,
only ONE
(11:04 am) freitag8 :I find patience in my
trading to be a hard characteristic to
perfect… I seem to be too patient when I
shouldn’t and not patient enough when I
should
(11:10 am) freitag8 :AAPL is still up on the
day despite a big selloff… it’s only
penny’s but its up
(11:23 am) Mitch King:whoa, amazon opening a
retail store, first one in NYC
(11:23 am) freitag8 :a retail store? Amazon?
Thats way out of character
(11:31 am) freitag8 :new LOD on /ES
(11:32 am) Mitch King:new update on UK
citizen in Macedonia who died of ebola a
couple hours ago is said to not have
travelled in west africa countries. this
firmed up LAKE prices and possibly drove
indexes down. i think ebola is negative
affecting indexes
(11:37 am) skydiver :did a long on TSLA –
market trying to come up
(11:38 am) skydiver :all out of TSLA long
(11:39 am) skydiver :I leave market in
morning – sure came down a lot since then
(11:40 am) freitag8 :it sure did… no moe
leaving for Sky anymore… you are now
required to stay here to hold up the markets
(11:41 am) Mitch King:the market missed you
sky
(11:41 am) freitag8 :$19.50 is a hard lid
for LAKE
(11:41 am) Mitch King:hey sky, lot of ebola
news has been lifting LAKE
(11:41 am) skydiver :I see that – thnx
Mitch
(11:41 am) Mitch King:new deaths, latest is
UK citizen in Macedonia died but never went
to west africa nations
(11:42 am) skydiver :wow – putting scare
into everyone now for sure
(11:42 am) Mitch King:almost 4000 deaths in
africa but this is first wave in europe and
now in USA, rattling market indexes
(11:42 am) freitag8 :could have been on an
Airplane with someone that was exposed
(11:42 am) skydiver :right
(11:42 am) Mitch King:this has to hurt travel
business
(11:43 am) skydiver :was thinking of a
cruise again – but will pass for now
(11:43 am) freitag8 :they need to find a
better system to screen travelers from
infected areas
(11:43 am) Mitch King:just borrow my fishing
boat and go on columbia
(11:43 am) skydiver :humm — fly to Mexico –
drive to border — walk into the U.S. –
just saying
(11:44 am) freitag8 :but don’t turn around
and walk back into Mexico or you go to
prison
(11:44 am) skydiver :right freitage8 🙂
(11:44 am) skydiver :ok – when can I borrow
your boat Mitch? 🙂 lol
(11:45 am) freitag8 :nice bounce in AAPL
over the last 40 minutes
(11:46 am) freitag8 :LAKE at a point it
bounced not long ago… I’m almost affraid to
short it but going long at these levels is
even more scary
(11:47 am) skydiver :I’m sitting on my hands
freitage8 on LAKE at moment . . . hard to
know which way it’s going
(11:47 am) freitag8 :exactly… I feel like
a deer in the headlights
(11:47 am) skydiver :right! good analogy
🙂
(11:49 am) freitag8 :Mitch gave me some good
advice… to find one thing I do well and
stick with it… I don’t think LAKE would fit
in the ‘one thing I do well” category
(11:52 am) skydiver :sounds like good advice
freitage8 – one reason I hesitate to make any
calls – for me the calls I make work for me,
but maybe not so good for others 🙂
(12:07 pm) skydiver :Okay – have to go to a
luncheon — thanks again and see you in the
morning 🙂
(12:08 pm) freitag8 :oh great… there goes
the markets again… You sure you gotta
leave?
(12:08 pm) freitag8 :have fun Sky… we’ll
leave the light on for ya
(12:10 pm) freitag8 :as SKY leaves the
building we hit a new LOD on /ES
(12:26 pm) Murano :done for the day, see you
tomorrow
(12:29 pm) freitag8 :Bye Murano… be well
(12:31 pm) Mitch King:thx murano
(12:45 pm) ponder10 :Thnx Mitch…Quite
Impressive!
(12:51 pm) Mitch King:see you guys tomorrow,
i would think indexes would rebound some
(12:51 pm) freitag8 :ok… be well and enjoy
ur day Mitch… Thanks!
|
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