[06:14 am] Ed : good morning
traders
[06:34 am] Mitch K: watching MTH
for bottom
[06:34 am] Mitch K: watching
CAT for bottom to buy
[06:35 am] Mitch K:
watching for short on GMCR
[06:35 am]
Mitch K: watching ADSK for bottom
[06:36
am] Mitch K: watching or top in XRTX for
short
[06:36 am] Mitch K: watching couple
of low priced stocks: PLCM and RVBD for
bottom to buy
[06:36 am] Mitch K: watching
VMW for bottom
[06:37 am] Mitch K: to
buy
[06:37 am] Mitch K: watching WYNN,
MCP, WLT, VFC for bottom
[06:38 am] Mitch
K: missed bottom in TDC but watching for
another bottom to buy
[06:38 am] Mitch K:
watching WDC for top to short
[06:39 am]
Mitch K: watching WLT closer
[06:39 am]
Mitch K: watching LRCX for bottom to
buy
[06:40 am] Mitch K: watching CRM for
bottom to buy
[06:41 am] Mitch K: good
call on INFA earlier doji, missed bottom
here, looks like more upside
[06:42 am]
Mitch K: watching CTXS for bottom to buy,
should give multple trades today
[06:42
am] Mitch K: monitoring BIIB for top to
short, take time
[06:43 am] Mitch K:
watching WAT for bottom to buy
[06:44 am]
Mitch K: usually USG slow mover
[06:44 am]
Mitch K: watching USG for top to short, take
time
[06:45 am] Mitch K: watching LRCX
closer
[06:45 am] Mitch K: watching QLIK
for bottom to buy
[06:45 am] Mitch K:
watching ADSK closer, getting interesting for
long soon
[06:46 am] Mitch K: watching
FTNT for bottom to buy
[06:47 am] Mitch K:
monitoring EQIX
[06:48 am] Mitch K:
watching LRCX closer
[06:48 am] Mitch K:
monitoring EMC for bottom
[06:48 am] Mitch
K: watching CTXS closer
[06:49 am] Mitch
K: watching NIHD for bottom
[06:49 am]
Mitch K: watching NFLX for a bottom to buy,
should give a good bounce if it keeps
dropping, was real bullish
yesterday
[06:50 am] Mitch K: watching for
top in XRTX
[06:51 am] Mitch K: watching
QLIK for bottom to buy
[06:51 am] Mitch K:
these drops are getting more
interesting;
[06:53 am] Mitch K: consider
sellling WYNN long
[06:53 am] Mitch K:
watching ARNA for bottom
[06:53 am] Mitch
K: watching MCHP for bottom to buy
[06:54
am] Mitch K: consider covering WDC if
short
[06:54 am] Mitch K: watching CTXS
for bottom to buy
[06:54 am] Mitch K:
watching PMTC for bottom, take time
[06:56
am] Mitch K: watching ADTN for bottom to
buy
[06:58 am] Mitch K: watching RHT for
bottom to buy
[07:00 am] Mitch K: i still
like all these charts that are dropping….
still looking for small bounces. Charts
like WAT, CTXS, IBM, CRM, ADSK
[07:00 am]
Mitch K: watching SYNC for top to
short
[07:01 am] Mitch K: watching ALK for
top
[07:02 am] Mitch K: watching QLIK for
bottom to buy
[07:05 am] Mitch K: watching
PLCM for bottom
[07:05 am] Mitch K: still
monitoring GRPN
[07:06 am] Mitch K: ROmney
is on and used similar term that Reagan did
in 1980 . . . do you want more of the
same?
[07:08 am] Mitch K: Obama has
proposed this twice at a rate of 0.0025 or
1/4 of 1%, no matter if you made or lost
money, it is a tax on the whole principle
amount of the trade
[07:08 am] Mitch K:
Mr. ROmney: will you propose a
financial transaction tax for every stock,
mutual fund, etf made in the USA?
[07:09
am] Mitch K: EU summit said they are going to
create one in their meeting last
week
[07:14 am] Mitch K: gives me a clue
it will bounce well on any rebound in the
overall market
[07:14 am] Mitch K: CRM one
of the very few stocks trying to
bottom
[07:16 am] Mitch K: lower low on
WLT
[07:16 am] Mitch K: ADTN trying to
bounce, still weak though. We want to
see all these dumpers start to move but watch
index like SPY or QQQ to see if overall
market is moving
[07:18 am] Mitch K: wow,
123.03 for EUR
[07:20 am] Mitch K: SYNC
acting toppy
[07:22 am] Mitch K: LRCX
bouncy
[07:24 am] Mitch K: SPY moving
up
[07:24 am] Mitch K: getting some
bounces, CRM moving up more, PLCM starting,
starting to see stocks perk up
[07:25 am]
Mitch K: ADSK, MCHP, RY bottoming
[07:25
am] Mitch K: GRPN, RVBD RY
bottoming
[07:26 am] Mitch K: WLT trying
to bounce
[07:26 am] Mitch K: ALTR, UTX,
LRCX, PMTC bottoming
[07:27 am] Mitch K:
watching ILMN for bottom
[07:30 am] Ed :
GMCR still strong in uptrend has some
potential resistance 25.95 area
[07:32 am]
Mitch K: no follow through on the SPY
bounce
[07:33 am] Ed : monitor APC has
resistance in the 66.37 ish
area
[07:39 am] Mitch K: Misery Index, i
like that term, it was developed right
here
[07:41 am] Mitch K: I was referring
to work related problem joey
[07:43 am] Ed
: monitor CHK been having trouble with 20
area
[07:50 am] Ed : SPY approaching
lod
[07:55 am] Ed : if u took APC short
would cover some here
[07:55 am] Ed : if u
took CHK short would cover some
here
[08:25 am] Ed : SPY new
lows
[08:30 am] Ed : more selling in
markets
[08:34 am] Mitch K: watching
SUPN
[08:43 am] Ed : getting bounce in
SPY
[09:08 am] Mitch K: watching
NAV
[09:22 am] Ed : monitor CHKP see if
46.95ish area holds
[09:47 am] Ed :
getting bounce in SPY
[09:50 am] Mitch K:
watching ALEX
[10:18 am] Ed : if u took
CHKP long would reduce some here
[10:28
am] Mitch K: its a trading system eyes, much
more than an indicator. but its coming
along
[10:29 am] Mitch K: we will have an
visual red warning over the price chart when
it is not recommended to trade. and an
audio that says “No Trading Zone”
[10:30
am] Mitch K: not sure doji, been spending
many man hours trying to perfect it, make it
faster, earlier, alerts toward the top
better.
[10:31 am] Mitch K: no preview
jason
[11:13 am] Ed : SPY near
lod
[11:33 am] Ed : getting bounce in
SPY
[11:55 am] Ed : getting nice bounce in
SPY
[11:58 am] Ed : wathicng RBC for
potential short
[12:04 pm] Mitch K: hey is
the midwest getting rain or something?
Corn prices down a lot today
[12:04 pm] Ed
: consider covorering some RBC
short
[12:13 pm] Ed : I wil trail last
piece of RBC short
[12:13 pm] Ed : cover
more RBC short
[12:26 pm] Ed : out all RBC
short
[12:56 pm] Ed : have an awesome
weekend
[12:56 pm] Mitch K: later guys,
have a good weekend, slowest day of the year
that i could see was today | [06:13 am] joeytsa : the next few weeks
should be interesting to say the
least
[06:13 am] doji : Good morning
fellas
[06:13 am] skydiver : gm
doji
[06:14 am] skydiver : gm
Ed
[06:14 am] joeytsa : Good morning
Mitch, Ed
[06:14 am] dadecuir : Good
morning!
[06:16 am] skydiver : NFLX
rose a bit more this morning
[06:16 am]
doji : NFLX crazy… people will go
over the stock from the open most
probably
[06:16 am] doji : thos who
lost tons of money when with was above
300
[06:17 am] skydiver : crazy
doji
[06:17 am] skydiver : on
NFLX
[06:17 am] skydiver : I see CRM
is down
[06:18 am] doji : Is Mike
here?
[06:19 am] doji : INFA at
30
[06:20 am] lisas : gm
all
[06:20 am] joeytsa : no doji,
mike will be in later
[06:21 am]
doji : Thanks Joey
[06:23 am]
cdougan : Tons of Volume on INFA
Doji
[06:23 am] doji : YEs
cdougan
[06:23 am] doji : It’s
holding 30 right now
[06:23 am] doji
: I’ll watch it closely
[06:24 am]
scalpman : INFA big gap down
[06:24
am] cdougan : yea, will be interesting
to see what happens when it breaks 30. or
If
[06:25 am] skydiver : INFA –
dissapointment with earnings – support at
29.94 28.88 pivot low – according to fly on
the wall
[06:26 am] khall : thanks
sky
[06:28 am] joeytsa : INFA lost
$30
[06:28 am] eyes : Does Anyone
here know how to show Premarket on
TS
[06:28 am] joeytsa : i forgot how
i did it..its in one of the videos
though
[06:28 am] doji : INFA is
tanking
[06:29 am] Ed : click on icon at
top that looks like clock, u can chage
interval
[06:29 am] lisas : yes
eyes, go to icons at top
[06:29 am]
lisas : about the middle
[06:29 am]
cdougan : Next support 0$
[06:29 am]
eyes : Got it ty
[06:29 am]
doji : S=29.4 from a year ago
[06:29
am] lisas : 2 to left of black box
around green bar symbol
[06:30 am]
doji : Wow INFA
[06:30 am]
skydiver : out 3/4 INFA S
[06:31 am]
skydiver : all out of INFA S
[06:31
am] doji : Gap down to 27.10
[06:31
am] doji : INFA
[06:32 am]
joeytsa : i have 28.12 as the
low?
[06:32 am] skydiver : yes
joey
[06:32 am] joeytsa : ok good,
doji had 27.10
[06:33 am] joeytsa :
watching STX
[06:33 am] scalpman :
OUt 1/2 INFA L
[06:34 am] joeytsa :
ES trying to hold 1350
[06:36 am]
joeytsa : XRTX moving
[06:37 am]
eyes : Thanks Joey out 1% STX
[06:37
am] joeytsa : INFA testing
res
[06:37 am] joeytsa : push here
might give a nice move
[06:37 am]
joeytsa : just not ure i will
[06:38
am] doji : INFA
[06:38 am]
joeytsa : trail STX if long
🙂
[06:39 am] skydiver : missed LNKD
and was starring at it on screen —
coffee!!
[06:39 am] joeytsa : at
least you were staring at it..i didnt look at
it 🙂
[06:40 am] scalpman : out
another 1/4 INFA L
[06:40 am] doji :
GMCR
[06:41 am] skydiver :
monitoring CRM
[06:41 am] scalpman :
All out INFA
[06:42 am] joeytsa :
$31printed on INFA
[06:42 am]
skydiver : INFA – nice 🙂
[06:42 am]
joeytsa : braindead play 🙂
[06:42
am] skydiver : I’ll take brain dead any
day 🙂
[06:42 am] joeytsa :
🙂
[06:43 am] joeytsa : yeah
MItch, CTXS,VMW,FFIV..all connected to
INFA news
[06:44 am] skydiver : thnx
joey on info . . .
[06:44 am] khall
: stinking trading computer crashed – had to
totally reboot
[06:44 am] joeytsa :
oh no
[06:44 am] doji : Apple needs
to share the profits all thos NFLX
calls!
[06:44 am] joeytsa : watching
OTEX
[06:48 am] doji : QLIK at
support
[06:49 am] doji : NFLX
dropping
[06:49 am] joeytsa : SXCI
drop
[06:49 am] doji : NFLX CEO
unloading stocks?
[06:49 am] doji :
hahaha
[06:50 am] joeytsa : FOSL
looks weak
[06:51 am] skydiver : JOY
double bottom
[06:52 am] doji :
NFLX
[06:52 am] joeytsa : same with
LNKD sky
[06:52 am] skydiver : thnx
joey
[06:52 am] joeytsa : actually
seeing quite a few
[06:53 am]
skydiver : LULU as well
[06:53 am]
joeytsa : yep, GS too
[06:53 am]
joeytsa : i have them all on1 monitor
funny enough
[06:54 am] skydiver :
watching FIRE for a bottom – funny joey
🙂
[06:54 am] joeytsa : eye on AMZN,
see what it does ona pullbac to
$226
[06:56 am] doji : NFLX L
82.13
[06:56 am] apple :
nflx
[06:56 am] joeytsa : only
report coming up is Nat Gas storage at 7:30
PDT
[06:58 am] joeytsa : approx 4pt
opening range on the ES
[06:59 am]
skydiver : Wish I coiuld stay!! got to
take a friend to the airport – see you all
later today maybe – if not Monday — green
day!! 🙂
[06:59 am] joeytsa :
be good sky, FIRE moving
[07:00 am]
doji : FIRE too fast
[07:00 am]
skydiver : make lots of money joey and
all !! kb
[07:00 am] joeytsa :
🙂
[07:00 am] doji : CTXS
[07:00
am] joeytsa : watching TDC at
$65
[07:01 am] doji : Noooo…
misseed the breakout in GMCR…
[07:01 am]
doji : Need another screen
[07:02
am] joeytsa : how many do you have
doji?
[07:02 am] doji : 3
[07:02
am] joeytsa : ok
[07:03 am]
doji : but have to switch to check
e-mails and look at presentations during
conference calls
[07:03 am] joeytsa
: ahhh gotya
[07:04 am] joeytsa :
buy a cheap laptop for that stuff
[07:04
am] joeytsa : trail stop if long
TDC
[07:04 am] joeytsa : nice hold
at $65
[07:05 am] doji : WFT
yesterday at 13… now lower 12…. that is
an ATM stock
[07:05 am] doji : Drop
in SPY
[07:06 am] doji : GRPN at
52-week low
[07:07 am] joeytsa :
just listening to that Mitch
[07:07 am]
joeytsa : Romney called this a “kick in
the gut” good one
[07:08 am]
doji : SPY new lod
[07:08 am]
khall : yeah – very good choice of
words
[07:09 am] joeytsa : not sure
i like the sound of the word “tax”
[07:10
am] khall : that is crazy – taxing
every trade whether you gain or
lose?
[07:10 am] khall : CRM looking
like it’s tryng to turn up here
[07:19 am]
khall : dang, missed the rebound on
LQDT
[07:19 am] khall : right on the
screen too
[07:23 am] khall :
INFA
[07:26 am] joeytsa : nat gas
#’s in a few
[07:28 am] joeytsa :
cant remember how, but a while back i signed
u for a free IBD Tech Report…
[07:28 am]
joeytsa : it comes everynight, sometmes
gives some usefull info on stocks to watch
the next day…
[07:29 am] joeytsa :
last nights gave me the heads up on
VMW,FFIV,CTXS off the INFA news
[07:30 am]
joeytsa : canada’s IVEY PMI was
awful..came in at 49.0, with 55.4 forecast,
60.5 last
[07:31 am] joeytsa :
there’s Ed !!!
[07:32 am] Ed : easy to get
lost in shuffle
[07:32 am] joeytsa :
yeah, at least there is shuffling today
though
[07:32 am] Ed : was speakn of the
life shuffle
[07:33 am] joeytsa :
ahhh
[07:33 am] Ed : on no thats football,
the icky shuffle
[07:33 am] joeytsa
: 🙂
[07:33 am] joeytsa : i still
knw how to do thathah
[07:34 am]
joeytsa : nat gas 39B
[07:34
am] joeytsa : forecast was 44B, last
57B
[07:35 am] aussie123 : Ed…if
you remember the Ikky shuffle… your dating
yourself
[07:35 am] Ed : lol
[07:35 am]
go4it : Mitch thanks 3% on
XRTX!
[07:35 am] joeytsa : Ed still
practices it in the mirror
[07:35 am]
scalpman : GMCR S @ 24.86
[07:36 am]
joeytsa : nice go4it !!!
[07:36 am]
go4it : tks Joey
[07:37 am] Ed :
nice bruce bruce
[07:37 am] go4it :
tks Ed
[07:39 am] scalpman : out
1/2 GMCR 1%
[07:39 am] doji :
Back
[07:39 am] joeytsa : i like
it
[07:40 am] joeytsa : you sure
thats not a poll of US husbands
🙂
[07:41 am] Ed : nice twade
scalp
[07:41 am] joeytsa :
🙂
[07:41 am] khall : Obama speaking
– hang on to your shorts – LOL
[07:42 am]
joeytsa : dbl top on GS
[07:42 am]
khall : speaking later this hour – not
right now
[07:42 am] joeytsa :
wonder how he will spin this job #
[07:42
am] khall : I don’t know how he can
really
[07:42 am] joeytsa : who can
he blame this month
[07:43 am] khall
: he needs more time?
[07:43 am]
khall : overflow from Europe?
[07:43
am] doji : INA
[07:43 am] doji
: INFA
[07:44 am] scalpman : OUt
another 1/.4 GMCR S 1%
[07:46 am]
scalpman : GMCR S Stop @
24.71
[07:47 am] doji : out 1/2 INFA
short… 1%
[07:48 am] scalpman :
good on edoji
[07:48 am] scalpman :
one
[07:50 am] doji : Thansk
Scalp
[07:50 am] doji : out another
1/4, 2%
[07:51 am] doji : NFLX
moving
[07:55 am] khall : Obama
on
[07:57 am] doji : Obama moving
NFLX?
[07:57 am] scalpman : NFLX L @
84.02
[07:58 am] scalpman : out 2/3
NFLX L
[07:58 am] doji :
By Jon Friedman , MarketWatch NEW
YORK (MarketWatch) — I’m not drinking
the Netflix Kool-Aid.Are you?I don’t believe
this company’s financial fortunes have yet
brightened to a point where this curious
stock should soar 14% in Thursday trading.Do
you?I’m not buying what the stock market is
selling — the hype that
Netflix’s shares will keep going up.
Netflix Chief Executive Reed
Hastings delivered the news that
Netflix’s online viewing surpassed 1
billion hours for the first time in June, in
a creative and ingenious way: He used social
media. On Tuesday, after the market closed,
Hastings took note of the milestone on
Facebook . By bypassing the usual press
release, he built a buzz using social media,
which may have made the news seem
sexier.Kudos to you, Mr. Hastings.He looked
brilliant when, on Thursday, the financial
markets buzzed with the sound and fury
of Netflix’s explosive rise. The
shares closed up more than 13%, and,
naturally, all day there was chatter of a
“bull
[07:59 am] doji : arket” in
the stock.My comment: Ha ha ha.
[07:59 am]
doji : market
[08:00 am] doji
: out NFLX L 1/2
[08:02 am] doji :
GMCR
[08:02 am] scalpman : Stopped
on NFXL L b.e. on last
piece
[08:03 am] Ed : nice going scalp, ur
trading in the zone
[08:03 am] doji
: I am still holding 1/2 position
GMCR
[08:03 am] doji : NFLX
sorry
[08:04 am] scalpman : Thanks
Ed
[08:04 am] doji : GMCR full
position
[08:06 am] scalpman : I
didn’t want to be overly enthusiastic but I
was Long INFA and then short…for
$3100…lunch on me…one of my biggest
trades.
[08:06 am] Ed : nice going
scalp
[08:06 am] scalpman :
Thanks…trying to remain calm
[08:07 am]
khall : I wouldn’t be calm – I’d be too
excited – GREAT trading scalp
[08:07 am]
Ed : good, deal, now all forgotten, its in
the past
[08:07 am] aussie123 :
great scalp
[08:07 am] scalpman :
yes…good deal…looking ahead.
[08:07
am] doji : You needed at least 2,000
shares on INFA Scalpman
[08:08 am]
go4it : WTG Scalp!
[08:08 am]
scalpman : Yes..I hate to admit
this..but I had 1000 shares…and got so
excited when trying to sell as it moved, that
bought another $1000… as it kept moving
up.
[08:08 am] scalpman : ..by
accident…I truly a novice…
[08:08 am]
go4it : WTG Scalp awesome!
[08:09
am] aussie123 : scalp …its happened
to all ofus at least once
[08:10 am]
khall : yes, just happy for you that it
worked out well
[08:10 am] scalpman
: Thanks guys. I guess we do this for a day
like to day…
[08:11 am] scalpman :
still working on regular trades,
too.
[08:12 am] go4it : Emotions can
mess with our brains good and bad
[08:13
am] Ed : agreed
[08:16 am] doji :
CHK is messing with me… doesn’t want to
move above 20…
[08:19 am] Ed : what was
news on CVLT
[08:24 am] rusty :
gm
[08:24 am] rusty : German
regulators are said to be launching probe of
Deutsche Bank related to LIBOR
scandal
[08:24 am] apple : hey rusty
gm
[08:25 am] scalpman : Watch
BOIL
[08:25 am] doji : SPY making
new lows
[08:26 am] eddy : stx at
vwap
[08:29 am] scalpman : BOIL is
“funky”
[08:30 am] doji : OIl
dropping
[08:33 am] apple : watching
DUK
[08:35 am] doji : out last 1/4
short INFA
[08:36 am] doji : it
dropped down back to the VWAP
[08:36 am]
joeytsa : AA reports monday
afternoon…kickoff to earnings 🙂
[08:36
am] doji : Thanks Joey… that willl be
an interesting report to see
[08:37 am]
joeytsa : yep..especially if there are
any hints at “euro problems”
[08:37 am]
doji : What do you think?
[08:37 am]
doji : I already have my answer to
that
[08:37 am] doji : but what to
hear your input
[08:38 am] joeytsa :
i think AA hints at it, then each
company adds to it
[08:39 am] doji :
SUPN is a bullshort in the DSR. I has moved
over 12% today
[08:42 am] joeytsa :
doji: what are your “earnings’
thoughts
[08:44 am] joeytsa : i just
dont see a healthy market overall
[08:44
am] joeytsa : china cut rates twice in
a month
[08:44 am] doji : At least
for oil companies, they will report revenue
as expected but earnings may be compromised;
they will however warining about Europe and
adjust the EPS for the next
quarters
[08:44 am] go4it : SUPN not
easy to borrow at T/S
[08:44 am]
joeytsa : tep
[08:45 am]
joeytsa : thats yep, not tep
[08:47
am] go4it : lol Joey Iknew
that
[08:47 am] go4it : also hard to
borrow at Schwab
[08:48 am] joeytsa
: same at lightspeed
[08:48 am]
go4it : Mitch is teasing us again
lol
[08:48 am] joeytsa :
haha
[08:49 am] eyes :
QCOM
[08:50 am] eyes :
KLAC
[08:51 am] joeytsa : see you
guys in an hour or so
[08:51 am] Ed : nice
one apple on DUK
[08:51 am] apple :
bye joey have fun
[08:51 am] Ed : c ya
joey
[08:51 am] apple : yeah, i
thought so, too, thx E
[08:53 am]
doji : CRM has been holding 134.7 for
almost 2 hours
[08:53 am] scalpman :
bye joey
[08:54 am] apple : looks
like SUPN getting ready to push
higher
[08:54 am] doji : now
breaking down with volume
[08:54 am] Ed :
same with BIDU holding the 115 area
[08:58
am] doji : Euro new low vs.
Dollar
[08:58 am] doji :
1.2279
[09:01 am] doji : SPY new
lod
[09:12 am] scalpman : NAV L oout
1/2
[09:16 am] scalpman : stopped on
2nd half NAV…
[09:17 am] scalpman
: Time to go…great day…see you all
monday.
[09:17 am] scalpman : Thanks
for excellent calls.
[09:17 am]
scalpman : Bye
[09:18 am]
scalpman : Scalpman has left the
building!
[09:19 am] Ed : c ya
scalp
[09:19 am] apple : bye scalp
have a fun weekend
[09:20 am]
cdougan : Have a great day everyone.
Thanks for the great calls.
[09:20 am] Ed
: c ya cdougan
[09:20 am] apple :
bye cd have a great weekend
[09:20 am]
eyes : QCOM bottomed out
[09:37 am]
doji : Watcging INFA
[09:40 am]
rusty : NAV bash CNBC
[09:51 am]
doji : ALEX has 20c spread
[10:01
am] apple : BIDU broke
consolidation
[10:02 am] Ed : thx
appelonia, took my eye off it
[10:03 am]
doji : BIDU?
[10:03 am] doji :
I see a double top there
[10:03 am]
eyes : Hows your Indicator coming along
MITCH
[10:03 am] Ed : mentioned earlier
aout holding 115
[10:05 am] Ed : yea doji,
would not be buyer here in downtrending
market
[10:05 am] doji : Oh I see,
the lower 115 range
[10:12 am] mh :
nflx
[10:20 am] doji :
INFA
[10:22 am] doji : NFLX at
lod
[10:29 am] doji : Hey Mitch,
when do you expect to release it? I travel a
lot so I’d like to be back at home when it’s
released; I don;t want to miss it!
[10:29
am] eyes : Cool
[10:30 am] Ed : and
it will say ur name like “NO TRADING
EYES”
[10:30 am] Ed : just
kidding
[10:30 am] eyes : All the
Better LOL
[10:30 am] doji :
hahahaha
[10:31 am] jsn13 : Mitch,
do u have a preview for us now? for the new
added feature….
[10:31 am] jsn13 :
Ok no prob mitch….
[10:31 am] doji
: No problem Mitch but if you can just give
us a heads up 2-3 weeks in advance, I’ll
extremely appreciatte it…
[10:40 am]
rusty : Mitch how come when I link up
to your automated trading system (beta)
am only making 50k/day instead of the usual
100k
[10:41 am] Ed :
emotions??????
[10:43 am] rusty :
SUPN hod, low volume stock being played by
momo dayraders
[10:49 am] eyes :
WHAT A DAY
[11:13 am] apple : hey,
but good ole RIMM is climbing
[11:17 am]
khall : That is hilarious
apple
[11:17 am] apple : BIDU is
hugging that 115 area
[11:17 am]
apple : one last hurrah?
[11:17 am]
khall : dead RIMM bounce
[11:17 am]
apple : before death
[11:18 am]
apple : RIMM taps
[11:20 am]
apple : DMND also moving higher
today
[11:22 am] murano :
TPX
[11:23 am] apple : thx
murano
[11:23 am] doji :
NFLX
[11:25 am] apple : doji SLB
down today, were you short
[11:25 am]
doji : Yes Appple, got it at 65.95 this
morning
[11:25 am] apple : LEN also
made it back up
[11:26 am] doji :
Using the Open Range
[11:26 am]
apple : good for you
[11:26 am]
doji : I forgot about LEN
today
[11:26 am] apple : uh
oh….
[11:26 am] apple : great job
on SLB doji
[11:26 am] doji : Was
watching INFA instead
[11:28 am]
apple : it just dropped and pretty much
consolidated
[11:28 am] apple : SHLD
dropped today as well
[11:29 am]
apple : nice drop on TPX
[11:29 am]
apple : big drop on PANL as
well
[11:30 am] doji : The EUR/USD
hit the 52-week low
[11:30 am] apple
: thx doji
[11:30 am] joeytsa : thx
doji
[11:31 am] joeytsa : gregs :
are you here?
[11:33 am] eyes : Hey
For anyone looking For Computer monitor
Stands Costco.com has a awesome one
[11:33
am] apple : he should be joey, just
checked, he’s logged in
[11:33 am]
apple : how is the cat doing
[11:34
am] joeytsa : they are still checking
the kidneys, thanks for asking
[11:35 am]
apple : poor baby
[11:37 am]
gregs : eyes, do you mean the visidec
one
[11:37 am] apple : there’s greg
joey
[11:37 am] gregs : uh oh what’d
i do
[11:37 am] joeytsa : gregs: you
asked me a question about gaps
yesterday, did i answer it for
you?
[11:37 am] eyes : yes it is
really nice mine just showed up
[11:38 am]
gregs : i think so, i asked about
scanning on volume and you said you scan on
price change, not %
[11:38 am] gregs
: which i found interesting, but i suppose
you really just care about the number of
shares X price change
[11:39 am]
joeytsa : good, just wanted to make
sure that my answer made sense….
[11:39
am] joeytsa : i look for price change
first, but do need to see some volume..dont
want a stock thats only traded 2000 shares
for example
[11:39 am] gregs : i
think so… i played with INFA today and got
a little burnt… think i’m going to make a
rule to play with <5% gappers
[11:42
am] apple : sounds good greg
[11:42
am] doji : The wider the gap the
better,and if it consolidates near S/R, then
you just need confirmation to play
it
[11:43 am] joeytsa : yeah gregs,
you have to find whats comfortable to
you
[11:43 am] joeytsa : i also
avoid takeovers/buyouts etc
[11:44 am]
joeytsa : best gaps are the ones that
make no sense ( to fade )…
[11:44 am]
joeytsa : ie: stock has great earnings
but gets hammered overnight
[11:45 am]
gregs : hmm thats interesting
[11:46
am] gregs : is that because the
earnings were lower than expected?
[11:46
am] joeytsa : drop on great earnings is
usually do t profit taking…
[11:46 am]
joeytsa : most likely the daily chart
would have been in an uptrend
[11:47 am]
gregs : doji, hod/lod works for me too,
especially if the stock heads in the opposite
direction and turns around in a “u” shape
(sometimes can only see u on tick
chart)
[11:48 am] gregs : joey, to
what extent do you let the 15m chart
influence you on gaps? besides it being
an e-gap or r-gap
[11:49 am] gregs :
or do you just play what you see on
1m
[11:50 am] joeytsa : honestly, i
only use the 1min
[11:50 am] joeytsa
: esp on the open
[11:50 am] gregs :
cool, yeah sometimes i think i overthink the
gaps
[11:51 am] joeytsa : gaps are
tough, move fast
[11:53 am] rusty :
TPX radar
[11:53 am] doji :
NFLX
[11:54 am] doji : SPY
moving
[11:55 am] joeytsa : VFC nice
move past few minutes
[11:57 am]
doji : Professional Money Managers
getting back to work on Monday…… don’t
take prisioners during the weekend
[12:02
pm] rusty : Professional money managers
are in the Hamptons flirting with your
daughter
[12:03 pm] gregs :
haha
[12:04 pm] doji : Easy
Rustoleum…
[12:05 pm] doji : /ZC
down 2.26% Mitch
[12:06 pm] doji :
basically loosing all yesterday’s gains…
that is on corn futures
[12:06 pm]
gregs : so, is it crazy to attempt
entries on RBC if they break the trendline on
the tick chart and/or the 20 period
MA?
[12:07 pm] gregs : i did just
now and yesterday and its working, so
wondering if this makes sense
[12:07 pm]
gregs : not having as much luck
entering on pullbacks
[12:09 pm]
joeytsa : not sure on that
greg
[12:09 pm] doji : LEN
hod
[12:13 pm] eyes : Well I am Done
Have a awesome weekend -209 for the
day
[12:13 pm] apple : thx MK, E and
everyone. all have a wonderful
weekend.
[12:13 pm] apple : bye
eyes
[12:13 pm] Ed : c ya eyes and
apple
[12:13 pm] joeytsa : bye eyes,
apple
[12:13 pm] doji : Bye
Apple
[12:14 pm] doji : Hey Ed, how
do you trade a stock like RBC that had 15c to
24c spread?
[12:16 pm] Ed : always use
limit, when I went short spread was only
.07
[12:16 pm] Ed : lot time spread
changes u can wait for spread to tighten
which happens also
[12:17 pm] Ed : when I
say change I meant it can go frome wide
spread to tight
[12:17 pm] doji : I
saw the spread tigtening but the price was
already 64.13
[12:17 pm] doji : and
with 64.0 round number only 13c below, I step
aside
[12:18 pm] Ed : in that case just
pass,
[12:18 pm] doji : 63
sorry
[12:18 pm] doji : What was
your entry?
[12:18 pm] Ed :
64.23
[12:18 pm] doji : At 64.13,
the spread was still 8c
[12:18 pm]
doji : so your spread was
10c/12c?
[12:19 pm] Ed : to be honest did
not look at it at that time
[12:19 pm]
doji : I always look at the spread to
see how wide I have to place my
stop
[12:21 pm] Ed : when I use to pay
attention to spread it influenced my trades,
so I stopped. just what works 4me
[12:22
pm] doji : Thanks…. I step aside on
>5c spreads and thin volume…
[12:23
pm] rusty : BBY 600 Geeks being layed
off
[12:23 pm] joeytsa : plus 1800
others?
[12:23 pm] rusty :
yes
[12:23 pm] rusty : non
Geeks
[12:24 pm] joeytsa : just more
of the same
[12:24 pm] Ed : great point
doji, as long as ur sticking to ur trading
plan, which is key
[12:24 pm]
joeytsa : people are using these places
as demo stores..then buying online
[12:25
pm] Ed : now if spread get ridicuolous like
on BVSN when spread was 1.25 I pass
also
[12:25 pm] joeytsa : thats when
you cut that spread 🙂
[12:25 pm] Ed :
lol
[12:25 pm] joeytsa : need to get
back into that
[12:26 pm] Ed :
literally
[12:26 pm] joeytsa : its
the only thing i missfrom the “fractions”
days
[12:27 pm] gregs : nice
ed
[12:27 pm] Ed : thx
[12:30 pm]
joeytsa : doji: along withweak
earnings/global econ..german services sector
is now in contraction
[12:30 pm]
joeytsa : same as our ISM #
[12:30
pm] doji : If the best economy in EU is
in contraction, you figure out the
rest….
[12:31 pm] joeytsa :
already have haha
[12:34 pm] rusty :
George Zimmerman released on 1M
bail
[12:34 pm] doji : Watching
LEN
[12:38 pm] doji : TFM 4c
drop
[12:38 pm] doji : 40c
[12:40
pm] rusty : WLT new recent
lows
[12:41 pm] rusty : Gilbert
Gottfried Picking Stocks CNBC
[12:43 pm]
rusty : SYNC hod
[12:54 pm]
doji : See ya fellas next
week
[12:54 pm] Ed : c ya doji
[12:54
pm] gregs : have a good weekend
doji
[12:54 pm] joeytsa : bye
doji
[12:54 pm] rusty : cya
doji
[12:54 pm] rusty : have a good
weekend all
[12:55 pm] Ed : c ya
rusty
[12:55 pm] joeytsa : bye
rusty
[12:55 pm] joeytsa : Thanks
Mitch,Ed everyone…have a great
weekend, see you all on
monday
[12:55 pm] Ed : c ya joey
[12:56
pm] gregs : thanks for the calls
mitch
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