Jun/17 05:58:11MKingThe futures are up
sharply this morning on the comments from
both French and German leaders confirming
they will back a Greek deal. Odds are pretty
high this starts the rebound we’ve been
looking for
Jun/17 06:10:12Krisgood morning traders
Jun/17 06:14:11MKingthe RBCN swing trade long
idea is a good one, has that increasing down
volume and accelerated drop in price. Looking
for $20-21 area next 1-2 weeks
Jun/17 06:17:15Brentgood morning everyone
Jun/17 06:19:03MKingwatching PRMW, could run
quite a bit more after opening and snooping
around for a short
Jun/17 06:20:14MKingPRMW, Primo Water 6M
share Secondary priced at $11.26
Jun/17 06:20:49KrisI’m watching MWW, STD,
TEF, SAP, BR, UAL, BIDU, LPS, LFC, BBVA
Jun/17 06:25:39Krisdepends on the type of gap
UpTick but I’ll post it if I trade it. Just
want to give a heads up first.
Jun/17 06:25:47KrisI can explain in more
detail later.
Jun/17 06:27:15MKingwatching ZRAN
Jun/17 06:28:04Kris2 minutes, time to rock.
let’s have a great day.
Jun/17 06:31:09KrisPNC short below 58.36
Jun/17 06:31:19KrisWRC long
Jun/17 06:31:32KrisJVA long
Jun/17 06:32:19KrisCTSH long
Jun/17 06:32:32Krisout half JVA long
Jun/17 06:32:45Krisstop second half JVA under
15.67
Jun/17 06:33:03MKingCMTL, watching for top to
short
Jun/17 06:33:34KrisLFC long
Jun/17 06:33:42MKingPRMW toppy, interesting
short, keep it smaller position
Jun/17 06:33:54KrisCOF long
Jun/17 06:34:19KrisHRBN short
Jun/17 06:35:38KrisNVLS short
Jun/17 06:37:20KrisMCO short half position
Jun/17 06:37:30KrisRIMM long
Jun/17 06:38:34KrisWTW long half position
Jun/17 06:39:44MKingwatching for 2nd helping
short on CMTL 25.10 area
Jun/17 06:40:19Krisout half PNC short
Jun/17 06:40:39Krisstop second half PNC over
58.36
Jun/17 06:41:01MKingRBCN good long swing here
17.60 area, start small
Jun/17 06:41:27Krisout half NVLS short
Jun/17 06:41:36Krisstop second half NVLS
short over 33.06
Jun/17 06:41:54MKingwatching WFM for short,
Jun/17 06:41:57Krisout half MCO short
Jun/17 06:42:07Krisstop second half MCO over
37.74
Jun/17 06:42:14MKingwatching FIO for long
bounce,
Jun/17 06:44:03MKingwatching TWC for possible
short
Jun/17 06:44:32Krislook to cover some HRBN
short here and move down your stop
Jun/17 06:44:58KrisKSS long
Jun/17 06:45:03MKingwatching NOV for
bottom
Jun/17 06:45:24Brentwatching PANL for a
bounce
Jun/17 06:45:43Krisout another 1/4 MCO
short
Jun/17 06:45:58Krisstop last 1/4 MCO short
over 37.63
Jun/17 06:46:19MKingwatching for top in
RCL
Jun/17 06:46:24Krisout all PNC short
Jun/17 06:47:59MKingconsider reducing half of
long in NOV here 69.60
Jun/17 06:48:01Brentwatching SA for a
short
Jun/17 06:48:01Krisyou should be stopped on
RIMM hammer. stop below lod.
Jun/17 06:48:22MKingwatching for bottom in
CTXS
Jun/17 06:48:30KrisBRCM short
Jun/17 06:48:57MKingwatching for top in
OSK
Jun/17 06:49:13MKingwatching SNDK for bottom
to buy
Jun/17 06:49:27Brentconsider reducing SA, if
you got it, was very quick
Jun/17 06:50:24Brentstill watching PANL
possible support around 31.90 area
Jun/17 06:50:52Brentnext target 26.95 area on
SA
Jun/17 06:50:55Krislook to cover more HRBN
short, coming into support here around
7.00
Jun/17 06:51:46MKinglooking for $70 on 2nd
half of NOV long position
Jun/17 06:52:10KrisAVEO short half
position
Jun/17 06:52:20Brenttighten stop on SA to
protect profits
Jun/17 06:53:10MKingTJX toppy,
Jun/17 06:53:22KrisCREE short
Jun/17 06:54:11Kriswatching for new highs in
WTW
Jun/17 06:54:27KrisSPY filling gap, trying to
find support
Jun/17 06:54:31MKingRCL stuck here 34.50
area, consider reducing short
Jun/17 06:55:10MKinglooking for 55.75 area on
WFM, Whole foods short
Jun/17 06:56:16Krisweak bounce in NVLS,
looking for new lows
Jun/17 06:58:24MKingwatching JBL for
bottom
Jun/17 06:58:39KrisCTSH consolidating,
looking for breakout higher
Jun/17 06:59:24MKingwatching TWC for
2ndhelping short.
Jun/17 06:59:34MKingconsider closing TFM
short, try 55.85 area
Jun/17 06:59:46MKingcorrection: I meant WFM,
Whole Foods, not TFM
Jun/17 07:00:34MKingSNDK turning up
Jun/17 07:00:42Krisout half WTW long
Jun/17 07:00:55Krisstop second half WTW long
under 70.93
Jun/17 07:02:02Kriswatching MCO for a
possible long soon
Jun/17 07:02:17KrisFLS long half position
Jun/17 07:02:54Krisspy trying to test hod
resistance
Jun/17 07:04:46MKingwatching for top to short
in PCAR
Jun/17 07:05:01MKingCTXS bottoming
Jun/17 07:05:21Kriswatching MCO for a long,
support around 36.00
Jun/17 07:05:39KrisPNC new lodJun/17
07:07:21MKingMHP bottoming
Jun/17 07:07:35KrisTDC long half position
Jun/17 07:09:46Kriswatching QIHU for a
long
Jun/17 07:10:19MKingQIHU going to be a good
one
Jun/17 07:12:22KrisQIHU long small
position
Jun/17 07:13:25MKingwatching for short in
KKD, Krispy Kreme on sugar high
Jun/17 07:14:01KrisMCO long
Jun/17 07:14:15Krisstop MCO under 35.94
Jun/17 07:16:26MKingwatching BBT for bottom,
waiting longer than normal
Jun/17 07:17:54MKingconsider selling CTXS,
try 74.50+
Jun/17 07:17:58Krislong more QIHU
Jun/17 07:18:13KrisI have half position in
QIHU
Jun/17 07:18:13MKingwatching TQNT for
bottom
Jun/17 07:18:53MKingBBT turning up
Jun/17 07:18:58KrisI’ll wait for a solid base
in MCO before re-entry
Jun/17 07:19:14MKingconsider selling CTXS on
this surge here
Jun/17 07:19:26MKingalso watch for short in
CTXS on top of this bounce
Jun/17 07:21:16KrisI’ll stop QIHU below 17.93
diadoraJun/17 07:23:25Kristhat would be ok if
you were starting small and building back
towards to lod lowering your risk.
Jun/17 07:23:55KrisSPY new lodJun/17
07:24:10Krisout half KSS long
Jun/17 07:24:35Krisstop second half KSS long
under 50.65
Jun/17 07:25:18Krisout half BRCM short
Jun/17 07:25:39Krisstop second half BRCM
short over 31.64
Jun/17 07:26:16Krisout half QIHU long, losing
patience with this
Jun/17 07:26:31Krisit will probably slingshot
now, lolJun/17 07:26:51Krisstop second half
QIHU under 17.98
Jun/17 07:27:03MKingwatching RBCN for long
bounce
Jun/17 07:27:06Krisout another 1/4 BRCM
short
Jun/17 07:27:15MKingwatching CF for long
Jun/17 07:27:26Krisstop last 1/4 BRCM short
over 31.46
Jun/17 07:27:40MKingif anyone shorted CTXS,
consider covering here 74.07 area
Jun/17 07:28:30Krisout all QIHU long
Jun/17 07:28:55MKingwatching POT
Jun/17 07:29:08MKingwatching NBR
Jun/17 07:29:21MKinglow of day on SP-500 last
minute or so
Jun/17 07:32:35MKingwatching for bottom in
AGU
Jun/17 07:33:21Krisout another 1/4 KSS
long
Jun/17 07:34:21MKingwatching for bottom in
KRO
Jun/17 07:36:52MKingconsider selling CF here
138.50 area
Jun/17 07:38:34Krisout half FLS long
Jun/17 07:38:54MKingwatching CAm for a
bottom
Jun/17 07:38:57Krisstop second half FLS long
under 105.77
Jun/17 07:39:36KrisGLNG long
Jun/17 07:41:12MKingstocks rebounding
Jun/17 07:41:14Krisout half LFC long
Jun/17 07:41:25Krisstop second half LFC under
47.97
Jun/17 07:41:31MKingmissed the WDC bottom but
monitoring for possible short on top of this
bounce
Jun/17 07:43:47Krisout half GLNG long
Jun/17 07:44:03MKinglost patience with KKD
short, consider closing here 9.33
Jun/17 07:44:28Krisout another 1/4 GLNG
long
Jun/17 07:44:29MKingwatching for short in
SNI
Jun/17 07:44:39Krisstop last 1/4 GLNG long
under 31.47
Jun/17 07:45:14Krisout half CREE short
Jun/17 07:45:33Krisstop second half CREE over
34.84
Jun/17 07:46:31Krisout another 1/4 LFC
long
Jun/17 07:46:57Krisstop last 1/4 LFC long
under 48.13
Jun/17 07:55:25Kristhanks rusty
Jun/17 07:55:57MKingcan we cover that short
now Rusty? lolJun/17 07:56:09Krishe’s a free
man
Jun/17 07:56:25MKingwatching HOGS, Zhongpin.
this is not Harley Davidson
Jun/17 07:56:49MKinglook what you started
Rusty
Jun/17 07:58:43MKingif anyone went long NBR,
consider selling
Jun/17 07:58:55MKingthe RBCN long scalp
peaking
Jun/17 08:03:08MKingKMP looks bouncy
Jun/17 08:08:58MKingI probably shouldn’t have
mentioned HOGS as a long idea because these
Chinese stocks are going down a lot more than
most stocks. And not a lot of buying in them
because of the air is being let out of the
balloon in the Chinese stocks
Jun/17 08:14:40MKinggood eye Rusty, thanks
for idea. Bullshorts are more difficult to
find
Jun/17 08:15:16MKingnot sure if i posted GDP
but consider selling if long; also watch for
short on top of this bounce
Jun/17 08:15:34MKingstill watching SNI but
probably too strong for short
Jun/17 08:35:40MKingif anyone shorted SNI,
consider covering here 47.15 area
Jun/17 08:44:35MKingif anyone is long HOGS,
consider selling most of long position here
10.80 area
Jun/17 08:48:27MKinggood eye on KMP guys
Jun/17 08:50:09MKingRITT has been difficult
to find shares Zen
Jun/17 08:50:33MKingSNI probably gives a 2nd
helping short soon
Jun/17 10:15:31Brenthave a good weekend
Sandy
Jun/17 10:17:03Brentwatching ADTN for a
bounce
Jun/17 10:17:33MKingthis market just cant
seem to sustain any rally yet but today is
quadruple witching expiration, we get 4 of
those a year, 1 per quarter
Jun/17 10:23:37Brentyes 1/2 position
DernsJun/17 10:24:45Brentlooking to reduce at
37 area
Jun/17 10:24:50Brenton ADTN
Jun/17 10:24:53MKingdiadora, triple witching
or its quadruple today, usually has high
volatility, biased toward the bearish side
Jun/17 10:25:43Brentjust saw it accelerating
on the 3 min chart DernsJun/17
10:28:58MKinggot two funny comments in news
today: 1) Greece Prime minister makes the
Defense Minister the new FInance Minister.
and 2) Strauss Kahn tried to use the
“diplomatic immunity” defense but IMF said
only is effective when he is acting in his
“official capacity”
Jun/17 10:29:16Brentreducing 1/2 here on
ADTN
Jun/17 10:29:34MKingI’m not making any of
this up, lolJun/17 10:29:42Brentwill take
another 1/4 off at 36.98
Jun/17 10:34:00Brentout 1/4 more ADTN
Jun/17 10:34:13Brentwill stop rest under
36.75
Jun/17 10:35:00BrentI use both Hammer
Jun/17 10:35:15Brentgood work guys
Jun/17 10:35:59Brentawesome RockstarJun/17
10:40:50Brentwill stop remainder under 36.85
now
Jun/17 10:40:56Brenton ADTN
Jun/17 10:41:11Brentgood job Truck
Jun/17 10:42:35Brentthx Randall
Jun/17 11:07:50Brentout last piece ADTN
Jun/17 11:14:50Krisyes I’m here
Jun/17 11:16:11KrisI’m working on the trading
room platform
Jun/17 11:27:52Brenthave a great weekend
qwertJun/17 12:08:37Krishave a good one
jjammerp. see you Monday.
Jun/17 12:09:24MKingshould have a little
short in CF
Jun/17 12:09:26Brenthave a great weekend
Jammer
Jun/17 12:17:33MKingnew low of day on
SP-500
Jun/17 12:25:54Kristurning losing scalps into
swing trades is a very bad habit to get
into.
Jun/17 12:26:11Krisit’s a sure fire way to
implode your account
Jun/17 12:26:50KrisI recommend swing trade
positions are approximately 1/4 the size of a
day trade position
Jun/17 12:27:08Krisso if you do decide to
swing it, I would at least reduce your
size
Jun/17 12:28:45KrisI’ve seen much worse
Mandy
Jun/17 12:29:00BrentKeep your chin up
Mandy
Jun/17 12:29:03KrisI think you’ll always
remember to have a stop under support levels
from now on.
Jun/17 12:29:12Krisit’s an important lesson
to learn
Jun/17 12:29:37KrisWe have a user who changed
his name from EYES-ON-MACD to
EYES-USE-A-STOP
Jun/17 12:30:40Brentwhat platform do you use
Mandy?
Jun/17 12:31:42Krisyou have to accept that
you’re going to be wrong about 25% of the
time
Jun/17 12:32:00Krisyou have to appreciate
being stopped out and not look at it as a
negative thing
Jun/17 12:33:17Kristhat was big for me to
overcome. refusing to be wrong with a
trade.
Jun/17 12:34:26Krisfor me it depends on every
trade but normally it’s not over 1%. It also
depends on the strategy.
Jun/17 12:34:52Krisif you can set an auto 1%
stop on your orders it wouldn’t hurt
anyone.
Jun/17 12:34:59Kristhen you can adjust it as
needed once you’re in.
Jun/17 12:35:09Krisand don’t take your stop
off or move it.
Jun/17 12:35:30Krisyour stop stops you, you
don’t stop it.
Jun/17 12:35:47Krisnot that I know of Mandy
but you can create a closeout full stop
button for long and shorts
Jun/17 12:36:02Krisso once you’re in you hit
the stop button and then adjust price and hit
enter
Jun/17 12:36:07Krisand your stop is in
Jun/17 12:37:38Krisyou don’t need to waste
all that space gecko. setup some hot
buttons.
Jun/17 12:41:06Brentwhat’s your price
babak?
Jun/17 12:43:38Kriswatch SINA Monday for a
break below 79.50
Jun/17 12:44:25Brentas long as it’s a small
position babak, I think its fine, looking at
the chart.
Jun/17 12:44:26Krisvery true candelas. you
want to master your strategy to where your
trades become like reflexes
Jun/17 12:44:47KrisNot sure yet gecko. I’ll
know more by Monday.
Jun/17 12:45:16Brentwill hit resistance right
at your entry price babak watch it there
Jun/17 12:47:28KrisI recommend virtual
trading for at least a couple weeks Mandy
Jun/17 12:47:49Krisget your feet under you
without losing your bankroll
Jun/17 12:47:58BrentI can’t tell you if
that’s small or not babak. Don’t know what
your usual position size is. Personally I
don’t hold things over the weekend unless its
1/4 or less than my avg position size
Jun/17 12:47:58Krishave a good weekend
INTHENOW, see you Monday
Jun/17 12:48:36KrisLS has a demo account you
can use but they put a 2 week limit on it.
Jun/17 12:48:48Krisand it doesn’t track your
results so you’ll have to log and study your
trades manually.
Jun/17 12:49:03Krisno it’s not mikewd2
Jun/17 12:49:26Kristhe only thing you can’t
work on is dealing with the emotional side of
trading
Jun/17 12:49:58Krisagreed
Jun/17 12:50:41BrentMandy, do you use light
speed charts or esignal?
Jun/17 12:51:55Brentright, just checking..
For another alternative to be able to virtual
trade
Jun/17 12:53:17Krisemail me mandy123,
[email protected]
Jun/17 12:53:28KrisEnjoy your weekend
Junior
Jun/17 12:53:31Krissee you Monday
Jun/17 12:55:28MKinglater sky
Jun/17 12:55:45MKinglater guys
Jun/17 12:55:51MKinghave a great weekend
Jun/17 12:56:35Brenthave a great weekend
everyone, see you Monday
Jun/17 12:56:37KrisSir Kris, lolJun/17
12:56:50KrisLater Traders
Jun/17 13:00:38Krisanother solid week in the
books. awesome job everyone. see you all
Monday morning.
Jun/17 13:00:51Krislet me know if you have
any questions forgetmenot
|
06:14:48 candelas RBCN is classic
06:15:47 gecko sina up to 86
06:22:36 Reacher Can anyone tell me meaning
of -secondary priced- ???
06:24:36 UpTick Kris, when you say you’re
watching these…if they’re gapping up are
you looking to go long, or catch them at the
top for a short?
06:25:56 Lightning Reacher…check this:
http://en.wikipedia.org/wiki/Secondarymarketo
ffering. The -secondary price – is the price
that it will be offered at.
06:28:35 rockstar Reacher Secondary priced
means that the company is offering shares at
a particular price ie PRMW @11.26 to raise
money
06:29:05 Reacher Thanks, rockstar06:32:45
gecko jva nice thanks
06:35:42 Lightning S TSM 12.91
06:36:19 observer RBCN L 17.77
06:37:35 observer 2nd helping 17.63 RBCN
06:40:57 mikewd2 rbcn l 17.71
06:44:17 Arkadiy Stop on Rimm?
06:44:45 qwert watching FRO
06:45:36 randall sina selling off big
06:45:56 mbear Mitch – do you still like RITT
as bullshort? Higher high than yesterday,
but hasnt broken the high from 2 days ago
06:50:07 gecko stopped out rbcn06:52:24 mbear
SINA
06:52:48 observer Stopped out partial RBCN
06:57:09 observer bt more RBCN 17.17
07:06:18 frank1 BIDU nice green bar on 5
07:06:37 gecko rbcn s2 16.50
07:10:39 gecko tna new high
07:14:57 observer stopped out RBCN
07:18:30 diadora kris stop on QIHU?
07:19:50 mikewd2 thoughts on rbcn?
07:22:53 diadora thanks I was below the low
of the day but that would have been a big
loss, in at 18.34
07:24:18 diadora right, and I did start small
was going to add if it dropped below 18
07:24:19 rusty SMH below 200d ma
07:26:50 krock SINA dropping again
07:27:03 diadora Then i will wait for a
minute or two to get out QIHU
07:28:20 stevemld market green but weak
07:28:39 mbear FCX
07:30:22 mikewd2 rbcn l 16.13
07:30:31 truck remember,,,option expiration
today
07:31:31 gecko rbcn long at 1029
07:32:01 gecko out now for .20
07:32:30 gecko prob out early
07:32:31 mbear MOS
07:33:56 mikewd2 dang l 11.22
07:34:02 candelas nice call cf07:35:20 krock
SLGN little late
07:42:30 Reacher Slugfest going on in KKD and
TQNT
07:45:52 jjammerp I bought that gecko
07:46:27 jjammerp I closed at 16.42
07:47:01 Reacher Kris, good call on GLNG, but
it moved too quickly to jump aboard.
07:50:20 mike aapl07:50:57 mike l RBCN
16.46
07:55:14 rusty US Prosecutors Officially Drop
Charges against Osama Bin Laden
07:56:01 rusty lol07:56:34 observer He
already BAILED
07:58:36 candelas kmp alert
07:58:39 duckfan KMP alert
08:04:30 EJK Kris did you stop out of COF and
CTSH?
08:06:30 Reacher Mich, is HOGS trying another
head fake?
08:08:16 candelas slow motion kmp08:08:48
UpTick S BIDU 117.13
08:09:38 jjammerp Reacher, if it Chinese,
stay short, or have a quick finger.
08:10:19 Reacher Jammer, do they make fingers
that quick?
08:10:34 diadora MITCH, what does that mean
for DANG? i watched my profits disappear on
it this morning thinking it was a swing and i
need to be patient
08:10:37 skydiver Molycorp shares defended at
Piper Jaffray :theflyonthewall.com
08:10:45 rusty ONTY early radar – strong
daily chart – worth watching to see if bull
short might develop
08:11:50 jjammerp I like to think of Val
Kilmer, I’m your huckleberry, on bounces like
that. Tough though, I have
08:15:33 skydiver hewall.com: Correction:
Moodys not Molycorp defended at Piper
Jaffray08:22:54 UpTick Out Bidu flat…Kris,
thanks for the idea yesterday…caught BIDU
short in the PM…Tried to do same today, but
it didn’t cooperate.
08:24:25 Reacher CLNE looking for a top?
08:25:26 rusty MCO oversold…possible SEC
action coming…not playing but watching for
panic and or capitualtion selling if news
hits
08:28:15 toptrade sni too fast
08:28:51 AKMAN Bounce in DEER?
08:31:03 rusty DEER alert – if playing just
remember its Chinese possible fraud
08:31:31 rusty don’t overstay your welcome
08:44:03 krock jst alert but also Chinese
08:47:36 toptrade pcar08:48:52 randall BPZ
toppy low price stock
08:49:16 ZenTrader did any short RITT for a
swing this AM?
08:50:00 ron RITT @ 10.96
here..virtual..haha08:50:31 rusty SNI
bouncing
08:50:36 ron Mitch same fate for RITT as
ORS?
08:50:58 ZenTrader yeah, was wondering, I was
unable to short – tried at 10.80
08:51:33 ZenTrader GREAT idea though,
Mitch
08:52:05 mhaus Mitch, do you still think RBCN
is a good long?
08:52:12 randall hi Zen! it has been a
while? How have you been?
08:52:55 ZenTrader Hi Randall, I’ve been
great! Starting to enjoy the warm weather
here in CT. Just got back from a fishing
trip in FL – Gulf coast
08:53:26 ZenTrader how are you?
08:54:48 stevemld SINA moving up nicely
08:55:01 randall good stuff Zen! Glad you are
well. I have been struggling with major
personal problems on the home front.
08:55:47 randall are you long sina Steve? I
missed that last run-up
08:55:54 ZenTrader sorry to hear that
Randall. Hope everything works out for
you….
08:56:10 rusty RYUN acting like a bullshort,
albeit manipulated
08:57:06 randall thanks my friend (Zen).
08:58:45 gecko sina is a tough trade
08:59:56 stevemld I think u have to watch it
all the time to get a feel Gecko
09:00:11 skydiver tsla alert
09:00:24 randall if dang closes near 12, it
makes that swing trade look nice (doji)
09:00:29 junior TSLA alert
09:02:51 Reacher Got to go, thanks, good
luck, enjoy the weekend.
09:03:11 skydiver Tesla Roadsters are almost
sold out, San Francisco Chronicle reports
09:03:22 toptrade short hoc 63.95
09:03:54 Lorie MK, still watching RIMM for a
bounce?
09:05:18 gecko i looked at the tesla car at
the Detroit auto show
09:11:58 junior LNN
09:12:21 junior pretty thin LNN
09:17:20 toptrade cover hoc 63.50
09:18:34 baz6308 Candelas ,how did you spot
kmp,,and thanks nice trade
09:26:46 ZenTrader starting small SHORT SNI
47.52, tight stop
09:28:22 gecko jjammer: time is not
everything but it is a tool from my
perspective
09:28:49 jjammerp agreed,
09:31:59 gecko rbcn approaching 16 again
09:32:12 jjammerp I got clobbered on RBCN
early, didn’t want anymore, but I took the
10:30 because it was 10:30 and got back all
my losses and got even
09:38:30 candelas out all rbcn at 15.95
09:38:46 candelas thx for heads up got 1
percent
09:47:10 ZenTrader out 1/4 SNI 47.26
09:52:15 truck TNA,,,,,,lod09:55:37 ZenTrader
out 1/2 SNI 47.12
09:58:32 ZenTrader was anyone able to find
shares of RITT to short on Light speed
earlier?
09:58:35 INTHENOW Mking what charts do you
use
10:04:09 truck Zen ,,, are you still short
SNI ?
10:07:25 ZenTrader yes, half position
10:08:13 ZenTrader will stop remaining at
entry
10:12:51 stevemld CF still downward
pressure
10:14:20 rockstar FWIW.. watch for pinning
action for the rest of the day…
10:14:32 randall cf at a pivot
10:15:08 sandy calling it a day – happy
hunting, – going to bed
10:15:51 gecko mhp possible double bottom
10:16:01 skydiver mhp10:16:21 junior
rockstar, what is pinning action?
10:18:02 Lightning S RIG 61.45
10:18:32 truck new lod,,,,TNA
10:18:51 Pete555 Junior, pinning action is
when prices tend to pin themselves to the
closest strike price on options expiration
day
10:18:56 diadora Mitch triple witching, is it
usually bearish or bullish for the market?
10:19:44 randall indeed so. it is under the 5
s.ma from 138 down to under 136
10:20:14 junior Ok, thanks Pete555
10:21:00 randall how many stop sells hit on
cf under that pivot? I would say quite a
few
10:22:33 truck What did they do about the
Greek debt ??10:22:43 rockstar pinning action
is where the option guys control the price of
stocks and pin them to certain numbers. for
example APPL 320, AMZN 185, CMG 270… If
these stocks end at or close to these numbers
by the end of the day both the calls and the
puts around these numbers expire essentially
worthless. Make sense?
10:23:32 randall yes rockstar10:24:17 baz6308
Germany and France said they would come up
with the cash, but the rally did not hold as
Mitch said.
10:25:08 Derns Brent…I tend to like your
calls…I am simply following/studying today
and see that you called that spike 2-3
minutes before it happened…how did you
know?
10:25:15 diadora Thanks, Mitch
10:27:01 Derns I need to learn that
trick…thx. Randall..I see that
now…thx.
10:27:15 randall volume and price candle
dems10:27:48 Lightning wow, RBCN has been a
steady trending dog all day.
10:27:59 UpTick Have a good weekend all…got
to go…
10:28:14 Arkadiy watching CR
10:30:05 Lightning seems like Strauss-Kahn
has a point. The IMF is always trying to
&$ someone.
10:31:21 diadora good one lightning, you
should give up trading and write jokes for
Leno, he needs all the help he can get
10:31:26 Lightning …always trying to take
advantage of someone.
10:31:53 junior out half 36.88 ADNT
10:33:39 hammer brent did you buy adtn on 3
min chart?
10:34:13 randall great work Brent
10:34:33 candelas thx Brent
10:34:41 junior Thanks Brent ADNT…good
one
10:35:00 qwert ADNT awesome
10:35:02 skydiver yes– Thanks Brent
10:35:10 gecko adtn nice call
10:35:13 Derns Very nice trade Brent…nice
study during a slow time…keep them
coming!
10:35:23 truck out quarter 37.04 ADTN
10:35:44 rockstar Nice trade Brent! Scaled
out …..I have been better at doing that
lately.. With yours and Kris help
10:35:57 truck good one Brent,,,,,ADTN
10:36:07 qwert Candelas- a special thank you
to you just scaled into ADTN
10:36:43 candelas nice Qwert10:39:49 gecko
rbcn 15.51 lod may hold
10:40:52 truck out,,37.00 ,last piece,,,
ADTN ,,,thanks Brent
10:41:34 randall that was one quite nice
trade Brent
10:42:56 randall yw; hoping your skill set
will rub off more!
10:43:04 junior Yes indeed, Brent you have a
great eye
10:44:38 Derns WTW
10:45:07 qwert BBBY
10:49:45 junior watching VECO
11:03:18 Elias PANL
11:05:35 gecko adtn still strong nice call
Brent
11:06:00 gecko looks like it wants to go to
vwap11:07:01 randall anyone go long HRBN
late yesterday or today
11:07:42 gecko wish I did
11:10:26 RD brent, adtn lking like a good
short?
11:11:46 candelas thx for panl11:12:43
mandy123 REGN fda approved. stock halted.
resumes 2:20 EST
11:14:40 gecko rd if u want to short adtn put
a limit order on some resistance line
11:16:08 forgetmenot any thoughts on fcx?
11:17:00 mandy123 REGN
11:17:41 Elias PANL 30.45 OUT 31.45
11:18:15 candelas thx Elias for panl11:19:55
gecko rd if u going to short adtn around here
would not be unreasonable
11:23:59 qwert wow anyone trading
regn11:24:48 candelas no was managing panl
position
11:25:20 qwert im just watching regn11:25:41
jivetalk short or long?
11:27:14 Derns REGN…I’m a bit confused…I
really thot it would have taken off long.
11:27:32 qwert Gotta go- goodbye everyone
thanks for an awesome week, see ya Monday
morning
11:28:49 Pete555 SPY climbing for the last
1/2 hour
11:32:46 mandy123 REGN bottoming?
11:33:31 mandy123 I’m long 500sh 58.67..
Brent, Kris, MKing, any ideas?
11:33:45 mandy123 REGN
11:36:38 gecko do u have a stop Mandy
11:36:55 gecko if not put one in just below
the low
11:37:35 duckfan Have to run, have a good
weekend everyone. By the way, BJ starting to
look interesting for a long
11:38:27 spider Mitch, Brent, is now a good
time to go into RBCN for a swing trade???
Starting to move north.
11:39:05 mandy123 I did.. but took it off..
too much to lose.. but yet a lot more to lose
without a stop.. i understand.. I thought
that the stock would go up since it received
fda approval
11:39:14 mandy123 doesn’t make sense, does
it?
11:40:17 gecko understood Mandy. need to use
stops. I would put one in now at just below
the low and hope u have a reversal
11:40:29 baz6308 no Mandy but like Mitch said
on Thursday the market is not very logical
,,,,,,,,,,but it looks as if it may bounce
here
11:40:41 mandy123 i hope gecko. thanks.
adding stop at low
11:41:00 gecko put it just below by a few
cents
11:41:12 Derns Mandy…I understand…I took
a small position and will likely ride it out.
This is clearly a sell on the news. I agree
with Geckos advice…I still think it will
bounce up to get us even.
11:43:07 mandy123 So some drug that receives
FDA approval drives the shares down
initially?
11:43:30 gecko could be buy the rumor sell
the news
11:44:08 randall REGN: Classic buy on rumor
sell on news; stock went from 25 to 60 since
DEC. This selloff could just be brief.
Upgrades could take it higher.
11:44:13 gecko have not participated in an
fda drug halt trade ever so don’t know what
to think
11:44:37 baz6308 its weekend time thanks to
all ,,,,,,,,see you Monday
11:44:54 junior GPRO
11:45:20 candelas markets are illogical and
very inconsistent. That is why it is up to us
to create the consistency, ie. always using
stops,planning ur trades,etc.
11:46:52 candelas so we can create
consistency by always being patient for
setup, acting on our signs;, and being
disciplined
11:48:04 mandy123 thanks candelas.. I just
didn’t have enough time to put the stop in
place since the stock just started draining
downwards
11:48:30 stevemld wow what a screwy day
11:48:32 gecko another thought Mandy is to
quickly reverse
11:48:55 gecko not recommending it now but
keep it in mind
11:49:14 candelas we are all here to help. As
we were once in same position
11:49:16 Derns Mandy…be patient…we may
see a reversal on REGN…
11:51:35 mike long rbcn 15.70
11:51:51 mandy123 thanks for your support
everyone. my profits were initially -$600,
then went 200 then again went $-400, and not
its -$1900.. just learned something new from
you guys.
11:52:39 candelas is that a scalp or swing
Mike?
11:53:56 mike Im Considering scalp?
11:54:49 candelas I meant to get a position
on for swing but only scalped it today
11:55:31 mike I might swing it yet
11:56:25 candelas did u bank any profits yet
on it?
11:56:55 mike yes
11:57:53 mikewd2 my rbcn turned to a swing,
didn’t do stop and got killed
11:58:10 candelas stealing a quote from Sir
Kris. you guys rock
11:58:11 jjammerp got a last hour trade. I
got no good ideas at present, but scanning
11:59:25 candelas been scanning as well, nada
so far
12:00:20 jakeg CF
12:00:54 junior possible HOC bounce?
12:01:00 candelas that put in a nice bottom,
missed it cf12:07:59 mike I think I will
swing the last 1/2 RBCN ?12:08:16 jjammerp
Later gang, see you Monday.
12:09:57 gecko rbcn long still going
12:15:42 gecko Mandy did u book ur profits
12:19:37 Elias FSL
12:21:18 mandy123 No, put my stop at 54.98..
I’m lucky that it just hit 55 as a new low
12:22:20 mike Mitch do you have any thoughts
on rbcn for swing long @15.70
12:23:19 mandy123 I’m thinking about removing
my stop and swinging it since its Friday and
Monday might open better once the news has
spread to the public
12:23:37 junior LSTZA…low volume
12:23:38 candelas watching ltza for more
vol12:24:05 gecko i think u r going the wrong
way Mandy
12:25:20 mandy123 gecko, do u think that I
should keep my stop at 54.98 or closeout
right now?
12:26:16 mikewd2 wasn’t rbcn suppose to be
swing?
12:26:27 mandy123 thanks Kris
12:26:28 ron so true Kris
12:26:37 mikewd2 recommendation was to buy at
18
12:26:43 gecko I have nothing reading as a
long now
12:27:12 mikewd2 wish i knew that earlier –
lol12:27:29 mandy123 I’m out of REGN long
with a $3000 loss.. biggest lesson of my
life
12:27:36 gecko good luck Mandy
12:27:55 Derns Kris…can you make that
comment every day around 12:15? Somehow, I
keep on forgetting that wisdom.
12:28:02 ron changing the premise of the
trade is a kind of denial
12:28:08 gecko ouch I’m so sorry
12:28:12 mikewd2 if it makes u feel better,
I’m down greater on rbcn12:28:25 forgetmenot
Mandy..I usually consider that i have to pay
some tuition for learning
12:28:47 ron SNOFF spanked me the same
way…Mandy
12:29:23 mikewd2 I blew that on no stop on
rbnc12:29:53 gecko he went blind
12:29:58 mandy123 true, forgetmenot.. Brent,
Kris– i just realized the power of those
stops.. they’re hard to keep up with when u
buy and the next micro send it flashes
downwards
12:30:01 mikewd2 dang l 11.34
12:30:43 toptrade it pays to know the
behavior of stocks you trade
12:30:57 mandy123 light speed.. my account
will be on margin call Monday
12:31:07 randall What happens is that the
stop isn’t set, then we freeze like deer in
the headlights, hope, pray and then finally
realize maximum pain and sell out. This comes
from experience and kills the psyche.
12:31:31 mikewd2 randall — that’s exactly
how I feel
12:31:43 mikewd2 had great day other than
rbcn12:31:47 randall been there brother!
12:31:58 mandy123 so I might miss u guys..
with a lot of knowledge to take away from
here
12:32:14 candelas u take the Lstza trade
Junior
12:32:24 gecko babe ruth struck out more than
anyone
12:33:40 junior no candelas, was too slow on
the trigger and did not want to chase. did
you?
12:33:53 INTHENOW how big of stops to put
that is the question
12:34:04 randall The ego can kill us! I have
struggled with that too Kris!
12:34:15 candelas yeah. I pulled .30 out
12:35:11 mikewd2 good idea Kris
12:35:12 forgetmenot I think on regn..you
have to look at where the stock would be
trading at without that news
12:35:15 junior way to go!!! one of the many
things need to work on is being decisive and
going for it.
12:35:18 mandy123 light speed can place auto
stops?
12:35:30 randall that is another way to give
ourselves a wammy!
12:35:36 INTHENOW how do you set that on
light speed
12:35:42 candelas great discipline not to
chase Junior
12:37:31 diadora REGN, not that it makes much
difference now, but I read the news on REGN
as board recommending for approval. Is that
the same as approval in your book?
12:38:18 junior thx Candelas, miss a lot of
good trades not being decisive. Missed PANL
today also, which was a great trade
12:39:48 babak Kris, Brent, I have some
shares in COF, what it is your take for
keeping it over night? they acquired ING,
announced yesterday after the close.
12:41:22 gecko fsl still diving
12:41:53 INTHENOW REGN new low
12:41:58 babak 49.71
12:41:58 mikewd2 i retired from fsl, be
careful with that stock
12:42:21 mikewd2 especially on any long
12:42:49 krock SINA at LOD
12:43:36 junior nice bounce HOC
12:43:44 candelas yeah Junior whenever I
start thinking about a trade I do not take
it. But when I see the setup based on
action,etc I take it without hesitation. I
figure thinking is for study time
12:43:49 babak Brent, 49.71
12:44:07 gecko Kris is the new platform going
to be up next week?
12:45:22 gecko Kris: u master your trades
when the information is no longer processed
by cortex but instead by your motor basal
ganglia area
12:45:39 junior Good advice Candelas, need to
trust the set up….and thinking always gets
me in trouble
12:45:49 babak Brent, I have 1000 shares
12:46:14 Derns Someone was talking about
pinning this morning…sure looks that way on
a few long term holds I have…hitting round
numbers.
12:46:34 mandy123 im out. thanks everyone for
your support
12:46:53 gecko by everyone. thanks for ur
help.
12:46:58 mandy123 I might be back once I get
my account funded again
12:48:10 babak Brent, Thanks for the
input.
12:48:10 mikewd2 it’s hard to learn with play
money
12:48:15 mandy123 that’s what I was thinking
Kris.. I’m just gonna start in a virtual
account
12:48:28 randall Mandy: Did you buy on
margin today with RGEN?
12:49:17 mandy123 randall, yes, I bought on
margin, so I’ll get a margin call since my
account will be under 25k
12:49:26 mikewd2 your right Kris
12:49:38 mikewd2 that’s what I was referring
too
12:50:07 randall what I have found with
virtual trading is the art of getting into a
trade. Sometimes in live trading, I exit way
too early.
12:50:28 randall that is where the emotions
of not losing money kicks in
12:51:08 mandy123 light speed charts
12:51:18 mandy123 esignal would be extra
$$
12:52:00 randall sorry Mandy. I made a
practice only to trade 100-share max until I
started getting my winning percentage up and
handled the trades with more discipline. That
is what helped me.
12:53:13 junior Thanks Kris & Brent,
Mitch if you are there, also everyone in the
room. Have a great weekend. See ya Monday
12:53:45 mandy123 I like randalls idea too..
I’ve been trading large orders.. it makes
sense to start off lower
12:54:15 randall This is the only day of the
week where I had any assemblance of focus.
Thanks for your help Brent and Kris!
12:54:25 skydiver Thanks Kris, Brent, Mitch,
and traders. I have learned a lot today.
Slowly getting better each day.
12:54:26 observer C u Monday junior
12:54:33 diadora i am still doing one or two
hundred shares and I’ve been in the room over
seven months. Makes it hard to scale in or
out, but keeps the emotions in check and the
phone from ringing for a margin call.
12:55:19 randall you are right diadora! I am
in a similar place!
12:55:20 babak Thanks Brent, Kris, Mitch. see
you guys on Monday.
12:56:07 Lightning Thanks TSA and everyone.
Have a great weekend. See you Monday.
12:56:09 candelas have a great weekend MK,
Sir Kris, Brent and traders
12:57:27 observer A good weekend to all,
Mitch, Brent,Kris, traders.
12:57:30 randall you must not know him yet.
Michigan has warmer weather than San Diego
today K! No PB or Coronado though!
12:58:02 diadora TNA long over the weekend,
hope I can sleep tonight. See you all on
Monday.
12:59:20 Lightning Me too diadora. Took TNA
long yesterday. Still up a little bit. Big
up to come, hopefuly13:00:16 diadora I have
been in and out of some of it all day.
Mostly bringing down my avg without taking a
loss. TNA
13:00:30 forgetmenot thanks Kris for the
email..I sure will study it
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