October 10, 2014, Friday
Live Trading Room Moderator Chat
(06:12 am) Mitch King:remember this came from
5.5 10 days ago
(06:12 am) Mitch King:LAKE is hot today,
21.75 high from yesterdays close of 18.75
(06:13 am) Mitch King:CL is starting to move
around after hitting a low of 83.90 this
morning, CL 11-14, crude oil
(06:14 am) Mitch King:Premarket UP: EXAS,
APT, LAKE, OBCI, CVEO, INFY, ISIS, CYBR
Premarket DOWN: TKMR, MU, JNPR, TSLA, MBLY,
NXPI, MCHP, MTW
(06:18 am) Mitch King:I didnt see this
yesterday but APT moved up over 25% with
LAKE
(06:18 am) Mitch King:APT, is another
manufacturer of displosable protective
apparel, infection control products
(06:31 am) Mitch King:MMYT active
(06:31 am) Mitch King:LAKE spike
(06:31 am) Mitch King:RFMD down, monitoring
(06:34 am) Mitch King:monitoirng low priced
stock drop in ATML
(06:34 am) Mitch King:watching VTR
(06:35 am) Mitch King:watching LAKE for
bottom
(06:36 am) Mitch King:watching IDTI drop,
take time
(06:36 am) Mitch King:watching XEC for
bounce
(06:37 am) Mitch King:big rebound off bottom
for indexes ES, NQ
(06:38 am) Mitch King:watching NXPI for
trades, missed this bottom but worth
watching
(06:40 am) Mitch King:CRZO bouncing, missed
all these bottoms but worth watching all
(06:40 am) Mitch King:AMBA bouncing, missed
(06:42 am) Mitch King:LNG moving
(06:44 am) Mitch King:watching LAKE for
bottom to buy soon
(06:46 am) Mitch King:monitoring ETP
(06:46 am) Mitch King:CL has bounced from
83.90 to 85.5 last 40 min
(06:47 am) Mitch King:monitoring MPWR
(06:47 am) Mitch King:if we get more ebola
deaths today that are discussed in headlines,
then LAKE and APT move but should head down
overall today
(06:47 am) Mitch King:looking for 19.75 area
on LAKE, be flexible, very volatile
(06:48 am) Mitch King:EXAS strong, long
scalps on dips working
(06:50 am) Mitch King:SEMG strong rebound,
missed bottom, watching
(06:52 am) Mitch King:indexes turnign down,
waiting for further drop before any long
entry
(06:53 am) Mitch King:18 seems to be holding
LAKE
(07:02 am) Mitch King:APT trading action is
following LAKE but has 1-2 cent spread, which
is better
(07:04 am) Mitch King:good long entries here
on NQ 3933, ES 1921
(07:06 am) Mitch King:ES long anywhere below
1918 excellent, anywhere close
(07:06 am) Mitch King:excellent long entries
on NQ 3927 here, low of this morning
(07:08 am) Mitch King:looking for strong
snapback rebound in indexes, to go halfway up
this last drop
(07:10 am) Mitch King:correction, lower than
this mornings premarket low on NQ, not on ES,
bouncing on ES
(07:10 am) Mitch King:NQ lower than
yesterdays low
(07:14 am) Murano :monitoring TK for bounce
(08:12 am) Mitch King:APT and LAKE still
giving tradable trades
(08:22 am) Murano :monitoring ARW
(09:03 am) Mitch King:indexes spiking
(09:09 am) Mitch King:APT and LAKE still
kicking out good trades, APT just had 10%
move last 45 min
(09:12 am) Mitch King:LAKE over $20
(09:19 am) Mitch King:APT approaching $7 from
6 in last 45 min
(09:19 am) Mitch King:APT came from $3 4 days
ago to $7 now
(09:46 am) Mitch King:APT approaching new
highs again,
(10:06 am) Mitch King:indexes pulling back
(10:21 am) Murano :RBCN halted
(10:21 am) Murano :monitoring RBCN
(10:26 am) Murano :RBCN open
(10:27 am) Murano :RBCN halted again
(10:31 am) Murano :RBCN trading again
(11:04 am) Murano :monitoring TFM approaching
S3
(11:29 am) Murano :monitoring LLL
(11:32 am) Mitch King:11:12 [LLL] Discloses
amendment to quarterly filing for quarter
ended 3/28 following internal review of
Aerospace unit – filing – This Amendment
revises Part I, Item 4, Controls and
Procedures, as it relates to our conclusions
regarding the effectiveness of our DC&P.; As
disclosed in our Current Report on Form 8-K
filed with the SEC on September 26, 2014, as
part of the findings from the internal review
of the Aerospace Systems segment, we
identified certain material weaknesses in our
internal control over financial reporting –
Source TradeTheNews.com
| October 10, 2014, Friday
Live Trading Room User Chat
(06:05 am) george :GM
(06:07 am) toby1115 :gm
(06:09 am) skydiver :gm all
(06:14 am) skydiver :ipo’s today . . . .
PLAY DPLO
(06:14 am) Mitch King:sky, i would not think
ipos would be strong today after market
selloff
(06:15 am) skydiver :I think you would be
correct Mitch
(06:15 am) Mitch King:the stock to work with
when market is open is LAKE, spread is too
big right now in premarket
(06:16 am) skydiver :ok – at open — LAKE
(06:18 am) george :ISIS sounds threating,
afraid to even try it !!
(06:19 am) skydiver :too funny george 🙂
(06:19 am) skydiver :thanks for gappers and
ino Mitch
(06:41 am) taco :LNG nice move
(06:53 am) skydiver :TXN MU INC all down
– micro chips getting hit today
(06:53 am) skydiver :INTC that is
(06:55 am) skydiver :monitoring GLOG
(06:55 am) skydiver :ipo – DPLO – now open
(06:56 am) skydiver :take over chatter HES
(07:10 am) skydiver :taco – nice one on LNG
🙂
(07:10 am) skydiver :all out of DPLO long
(ipo )
(07:11 am) taco :thx sky, yesterday it had
lots of moves so watched it again
(07:11 am) skydiver :great job 🙂
(07:11 am) taco ::)
(07:13 am) Mitch King:NQ index acting just
awful
(07:13 am) Mitch King:NQ was frothier than ES
index
(07:13 am) skydiver :market still feels
heavy
(07:14 am) Mitch King:id say it is in
freefall mode, not heavy, sinking like rock
(07:16 am) skydiver :TSLA at S3
(07:16 am) skydiver :nice call on TK Murano
(07:19 am) Mitch King:TSLA new car on CNBC
(07:19 am) skydiver :quite the car for sure
(07:23 am) Murano :reduce TK if long
(07:24 am) skydiver :3/4 out of TK long –
thanks Murano
(07:26 am) klas :Murano great call TK
(07:27 am) skydiver :ipo – PLAY – now open
(07:29 am) skydiver :TSLA trying to bounce –
back over S3 – not expecting big bounce
(07:30 am) skydiver :SPY needs to move up
for TSLA to bounce
(07:30 am) skydiver :SPY moving down at
moment
(07:31 am) skydiver :all out of TK long
(07:31 am) skydiver :missed PLAY bounce
(07:33 am) skydiver :SPY trying to bounce
(07:45 am) skydiver :TSLA long working so
far . . . but taking 3/4 off table here w
(07:49 am) skydiver :well my low expectation
for nice bounce on TSLA proved wrong
(07:50 am) skydiver :all out of TSLA long
for now
(07:51 am) skydiver :nice bounce on MY –
missed it however
(07:51 am) skydiver :MU that is
(07:53 am) skydiver :Taco – LNG – nice
rebound
(08:13 am) Murano :out last 1/4 TK
(08:13 am) Mitch King:thats funny tradable
trades, i was thinking in my mind tradeable
scalps
(08:15 am) Mitch King:hey murano, just
looking at that TK came down from 68 to 55
in 5 days
(08:15 am) Mitch King:nice bounce
(08:15 am) freitag8 :/ES taking a new down
turn
(08:16 am) Mitch King:would love to see ES
and NQ hit todays low again, would be
excellent long entry area
(08:17 am) Mitch King:all those stocks i
posted earlier that i missed the bottotms,
had good reobunds and big short and then big
bounce, ETP, MPWR, AMBA, SEMG, IDTI,
(08:19 am) skydiver :very nice Mitch
(08:30 am) Murano :no bounce in ARW so far
(08:33 am) Mitch King:sorry about that
(08:36 am) Mitch King:just reading how people
reacted to microsoft ceo nadella about
women’s pay. the public is way
oversensitive
(08:37 am) Mitch King:it has gotten out of
hand. board of directors, corporations all
scared of the public comments. its amazing
even racists comments from the LA clippers
owner was forced to sell,
(08:38 am) Mitch King:he got a great price
but
(08:38 am) Mitch King:the lady on Foodtv,
forgot her name, she used the N word about 20
years ago and she was booted off the air
(08:40 am) taco :hi sky, yes nice bounve on
lots, sorry i was out for a bit
(08:41 am) skydiver :no problem Taco
(08:41 am) Murano :the problem is that most
people are unwilling to fight for what they
believe. they cave into public opinion
(08:41 am) skydiver :exactly Murano – well
said
(08:42 am) Mitch King:right on murano,
exactly true
(08:42 am) Mitch King:everyone is running
scared
(08:42 am) skydiver :yep
(08:49 am) Murano :I have an older friend
that told me he knew the coutry was headed in
the wrong direction when you had to have a
license to fish
(08:49 am) skydiver :very wise old friend
Murano 🙂
(08:54 am) Murano :reduce ARW if long
(09:01 am) Mitch King:its pretty amazing LAKE
is still holding up fairly well considering
the daily chart is standing on its head as i
call it. true parabolic move that rarely
stays up
(09:09 am) skydiver :LAKE – leg up
(09:11 am) Murano :out last 1/4 ARW
(09:18 am) Mitch King:looks like ES going to
pullback
(09:20 am) Mitch King:i just dont think this
ebola going away quickly
(09:20 am) Murano :lunch time back in 30
(09:31 am) klas :New high APT
(10:34 am) Murano :reduce RBCN if short I
missed the trade
(10:34 am) klas :Nice Murano
(10:35 am) Mitch King:god job murano on RBCN
(10:36 am) Mitch King:rbcn has nice tight
spread
(10:36 am) Murano :had to believe I missed
it
(10:38 am) skydiver :nice call Murano –
sorry you missed it . . . was a bit hard to
catch short with the Halts
(10:38 am) Murano :that is my favorite setup
(10:38 am) skydiver :good one to learn for
sure 🙂 excellent 🙂
(10:40 am) Murano :I thought it would get up
to the 6.30/6.40 range
(10:40 am) skydiver :gotcha – if it didn’t
have those halts – might have
(10:43 am) Murano :oh well, sometimes you eat
the bear and sometimes the bear eats you, and
sometime you miss the bear entirely
(10:44 am) skydiver :I like two of the above
choices better than the bear eating you 🙂
(10:44 am) Murano :haha
(10:44 am) skydiver ::)
(10:45 am) Murano :if I miss my original
entry I do not chase
(10:46 am) skydiver :good wisdom Murano —
I’ll get there someday 🙂
(11:04 am) Mitch King:murano, i heard bear
tasts bad
(11:04 am) Mitch King:tastes
(11:05 am) skydiver :kind of greasy dark
meat Mitch
(11:06 am) Murano :I have never eaten bear
(11:07 am) skydiver :Had a men’s gathering
years ago with exotic meats – bear was one —
if you use a lot of gravy and spices not bad,
but greasy
(11:08 am) skydiver :I’ll probably skip
eating it again however – unless I’m going to
starve to death – then maybe
(11:08 am) Mitch King:i heard its only good
as jerky, pepperoni or sausage, heavily
spiced as you say
(11:08 am) skydiver :right
(11:08 am) Mitch King:if its diet is salmon,
tastes and smells awful, i heard that from a
bear hunter
(11:09 am) skydiver :interesting
(11:10 am) skydiver :GILD moving up – forgot
about this one and had a chart up
(11:13 am) skydiver :had put in a limit
order for GILD short but missed it
(11:13 am) skydiver :getting slow in my
youth 🙂
(11:16 am) Murano :reduce TFM if long
(11:22 am) Mitch King:hey sky
(11:22 am) skydiver :yes Mitch
(11:23 am) Mitch King:i caught a live skunk
in a trap, do you want to come down and pick
it up?
(11:23 am) skydiver :lol!! 🙂 I think
I’ll pass – but enjoy the fragrance 🙂
(11:23 am) skydiver :might make a good pet
(11:23 am) Mitch King:bring it in the church
(11:24 am) skydiver :ah . . . I’ll make sure
I’m gone when it comes 🙂
(11:24 am) skydiver :would make for a lively
crowd 🙂
(11:25 am) Mitch King:or you could preach and
then you would agree with congregation that
yoru sermon stinks
(11:26 am) skydiver :haha 🙂 good one
(11:28 am) skydiver :monitoring CMRX
(11:30 am) skydiver :nice one Murano LLL
(11:32 am) skydiver :any news on LLL ?
(11:32 am) skydiver :thanks Mitch
(11:33 am) Mitch King:part 2 (ICFR) that
existed as of December 31, 2013. Solely as a
result of these material weaknesses, we have
concluded that our DC&P; were not effective as
of March 28, 2014.In addition to the revision
in Part I, Item 4 described above, this
Amendment revises previously issued financial
statements for: (1) accounting adjustments
due to the internal review at our Aerospace
Systems segment, (2) accounting error related
to a sales-type lease transaction for flight
simulator systems within our Electronic
Systems segment, and (3) previously
identified immaterial errors already
recognized in our financial statements but
not recorded in the appropriate periods. The
accounting errors related to the sales-type
lease transaction and immaterial out of
period amounts are not related to the
internal review at our Aerospace Systems
segment. Related () – Source
TradeTheNews.com
(11:34 am) skydiver :covering 3/4 short LLLL
here
(11:35 am) skydiver :LLL that is
(11:35 am) skydiver :all out of LLL short
(11:38 am) Mitch King:pretty big spread in
LLL 18-20 cents
(11:39 am) Mitch King:you all know the spread
is the difference between bid and ask
prices?
(11:39 am) skydiver :right
(11:41 am) skydiver :SPY dropping
(12:00 pm) Murano :made moneyon the LLL long
and lost half of my profit trying to short
LLL think I will leave it alone now
(12:01 pm) skydiver :understand – I made a
few dollars on that quick short – missed the
long
(12:03 pm) Murano :done for the day, have a
good weekend, see you Monday
(12:03 pm) skydiver :take care Murano –
thanks for great calls! 🙂 See you Monday
(12:04 pm) Mitch King:bye sky
(12:41 pm) Mitch King:super negative market
(12:52 pm) Mitch King:SP 500 wants 1900
(12:57 pm) Mitch King:computers have the gas
pedal on the selling
(12:57 pm) Mitch King:not even any short
covering, very unusual
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