(06:14 am) Mitch King:Premarket down: TSLA,
KO (06:14 am) Mitch King:Premarket up:
BYI, BHP, BIDU, MU, QIHU, RIO, HCA (06:17
am) Ed :markets yesterday had the lowest
non-holiday volume day of year (06:30 am)
JoeyTSA :eye on PEP (06:30 am) Mitch
King:watching OII (06:31 am) JoeyTSA
:watching AAPL (06:31 am) Mitch
King:watching SNDK (06:32 am) JoeyTSA :eye
on SCTY (06:33 am) JoeyTSA :eye on
MOS (06:33 am) Mitch King:watching
MOS (06:33 am) JoeyTSA :eye on
DNKN (06:34 am) Mitch King:watching
DNKN (06:34 am) Mitch King:watching CL 08
for bottom (06:35 am) JoeyTSA :eye on MPC
and QIHU (06:35 am) Mitch
King:FIRE (06:35 am) Ed :GMCR monitor for
potential breakout with strong vol (06:35
am) JoeyTSA :watching BERY (06:35 am)
Mitch King:watching WLP (06:36 am) Mitch
King:watching TIF (06:36 am) Ed
:monitoring GS would like more
selling (06:36 am) Mitch King:watching
AET (06:39 am) Mitch King:watching
FSLR (06:43 am) Ed :SPY new lod (06:45
am) Mitch King:monitering CSIQ (06:45 am)
Mitch King:watching QIHU closely (06:45
am) Mitch King:watching TSLA (06:45 am)
Mitch King:watching ONVO (06:46 am) Mitch
King:watching GMCR for second short on
bounce (06:46 am) Mitch King:AET
bouncing (06:46 am) Ed :NFLX strong
against market (06:46 am) Mitch
King:monitoring SCHW, no hurry (06:47 am)
Mitch King:monitoring means that it may not
turn into something, watching means that it
probably will, but looking for the correct
timing (06:47 am) Mitch King:monitoring
TIF (06:48 am) Mitch King:watching BIDU
for possible short (06:48 am) Mitch
King:Monitoring KO (06:49 am) JoeyTSA
:NFLX big move (06:49 am) JoeyTSA :tighten
MPC if short (06:49 am) Mitch King:little
more upside on CL 08 bounce, do not wait for
me to tell when to sell (06:50 am) Mitch
King:CL 08 turning over (06:50 am) Qwert
:monitoring YNDX (06:50 am) Mitch
King:XLNX trending (06:50 am) Mitch
King:BYI trending up (06:50 am) Mitch
King:watching EQT (06:51 am) Mitch
King:FFIV bouncing, late to see (06:51 am)
Mitch King:watching ESV (06:52 am) Mitch
King:watching SNDK (06:53 am) Mitch
King:watching JNJ (06:53 am) Mitch
King:monitoring MPC (06:54 am) Mitch
King:We need to watch an IPO on Thursday,
can’t remember the name at the
moment (06:56 am) Mitch King:Put that on
your calender (06:56 am) Mitch King:Should
be a pretty good mover is my guess (06:56
am) Mitch King:Correction: IPO is next
Thursday. Name is OncoNova
Therapeutics, symbol is ONTX, next Thursday
July 25th (06:57 am) Ed :tsla (06:57
am) Ed :if u took GMCr long would
reduce (06:57 am) JoeyTSA :XONE
weak (06:57 am) JoeyTSA :tighten QIHU if
long, might have a bit more room to
move (06:58 am) Mitch King:no sell signal
on QIHU yet, but don’t wait for me to
warn (06:58 am) Ed :sorry wrong
window (07:00 am) Ed :*(US) JULY NAHB
HOUSING MARKET INDEX: 57 V 51.0E –
Source (07:05 am) JoeyTSA :MOS looking
weak (07:06 am) Mitch King:NG is natural
gas (07:06 am) Mitch King:NG 08 active
today (07:07 am) Mitch King:watching Cl 08
for small bounce, experts only lol (07:07
am) JoeyTSA :QIHU into res here (07:10 am)
JoeyTSA :eye on ALNY, breakout attempt,
watching $51 level (07:18 am) Mitch
King:watching for CL 08 bounce (07:19 am)
Mitch King:monitoring SUNE (07:21 am)
Mitch King:soon (07:21 am) Mitch King:CL
08 interesting for long (07:26 am) Mitch
King:monitoring CSIQ (07:27 am) JoeyTSA
:eye on AGN near $90 (07:35 am) Ed :TSLA
new lows (07:45 am) Ed :ISIS monitoring
would like more selling for setup of
potential long (07:57 am) Ed :SPY new
lod (07:59 am) Mitch King:ES
dropping (07:59 am) Ed :TSLA Weakness
attributed to Goldman Sachs note making
cautious comments (UPDATE) – Goldmans
suggests the stock is worth $113 in a best
case scenario and $58 in a worst case
– (08:06 am) JoeyTSA :eye on GS, trying to
holod $161 (08:13 am) Ed :SPY new
lod (08:33 am) Qwert :monitoring
KRE (08:42 am) JoeyTSA :/ES trying to hold
1670, S2 level (08:45 am) JoeyTSA :SSYS
weak, see if $90 holds (08:53 am) JoeyTSA
:SODA (09:02 am) Qwert :ONXX (09:10 am)
JoeyTSA :tighten SODA if long (09:11 am)
JoeyTSA :eye on BIDU at $106 (09:13 am) Ed
:ONXX Said to be have received preliminary
indications of interest from 5 different
suitors – financial press (09:21 am) Mitch
King:15-20 tics (09:21 am) Mitch
King:looking for CL 08 bounce (10:13 am)
Ed :SPY new lod (10:43 am) Ed :nice SPY
bounce (11:16 am) JoeyTSA :BIDU
selloff (11:21 am) Ed :MYL on
move (11:33 am) Qwert :monitoring
TEVA (11:33 am) Ed :MGI had big vol drop
on 1 bar (11:34 am) Ed :vol is extremely
thin on MGI (11:35 am) Ed :MGI mentioned
cauitiously in blog (12:16 pm) JoeyTSA
:PCG spike (12:17 pm) Ed :dont see any
news yet (12:52 pm) Mitch King:take care
guys, see you tomorrow, same place (12:53
pm) Ed :have grteat evening traders
| (05:20 am) taco :gm qwert akram
regatta. qwert, what type of chart do you
watch futures with? (05:32 am) Qwert :good
morning to everyone (05:34 am) Qwert :taco
i have 2 charts for each future instument 1
with 2lightning bar setting and the other
with a 3 bar lightning
setting (05:35 am) Qwert :they are on
ninja charts (05:36 am) taco
:ty (05:37 am) Qwert :your welcome, i also
look at the daily everymorning and then a 15
min chart to see overall direction (05:37
am) taco :right (05:41 am) JoeyTSA
:Good morning Qwert,everyone (05:41 am)
Qwert :gm joey (05:41 am) JoeyTSA :BIDU
going nuts on the upgrade (05:42 am)
JoeyTSA :TIC long-term @ 6pdt, cap
utilization rate and industrial production @
6:15, NAHB housing market index @
7pdt (05:42 am) Qwert :yeah and they
bought a company for 1.9 bil. (05:43 am)
JoeyTSA :early gaps up im watching:
BIDU,GS,RIO,SHFL (05:43 am) JoeyTSA :early
gap down: LQDT,MPC,QIHU (05:44 am)
taco :thx joey (05:44 am) Qwert :thx
joey (05:47 am) Qwert :shfl is a
buyout (05:48 am) Qwert :news saying 23.35
a share but needs shareholder
approval (05:52 am) JoeyTSA :thanks
qwert (05:52 am) JoeyTSA :Good morning
Mitch,Ed (05:53 am) gum :GM
all (05:54 am) Ed :good morning (06:02
am) JoeyTSA :1679-79.50 has been big res on
/ES (06:03 am) JoeyTSA :roughly using
106.75, 107 as /CL levels (06:03 am)
JoeyTSA :and /CL loses support as i typed
that haha (06:14 am) taco :thx
mitch (06:15 am) JoeyTSA :thx
Mitch (06:15 am) JoeyTSA :report coming
out (06:17 am) JoeyTSA :thx Ed, thought it
was ssslow (06:19 am) taco :hope its
a bit buisier today (06:21 am)
herman :good morning everyone (06:21
am) skydiver :gm all (06:28 am)
Murano :CTAS may be worth watching, missed
earning by 1 cent and is down over
$2.00 (06:28 am) JoeyTSA :thx
Murano (06:31 am) elisha :gm
all (06:32 am) JoeyTSA :AAPL lost that
$428 level from yesterday (06:39 am)
JoeyTSA :all the big names look like they are
setting up (06:39 am) JoeyTSA :nice call
on GMCR Ed (06:40 am) Qwert :yes thx for
GMCR Ed (06:40 am) JoeyTSA :AAPL,AMZN,NFLX
in hod area (06:41 am) skydiver :MU
broke thru double top (06:43 am)
elisha :watching CMG – but low
volume (06:43 am) JoeyTSA :/ES nice short
off that res area (06:44 am)
skydiver :RAX – take over chatter
again (06:51 am) skydiver :covered
3/4 RAX short (06:51 am) JoeyTSA :nice
sky (06:51 am) skydiver
::) (06:52 am) JoeyTSA :very nice moves so
far (06:52 am) skydiver :wondering
how low TSLA going – (06:52 am) JoeyTSA
:yeah, wish i jumped on the puts (06:53
am) skydiver :yeah – I hear
ya (06:53 am) JoeyTSA :the $125’s went
from $2.50 to $5.55 so far (06:55 am)
skydiver :would have been
nice (06:55 am) JoeyTSA :Mitch, is it OMED
or UCP ?? (06:55 am) JoeyTSA :those are
hte only 2 i see for thursday (06:56 am)
JoeyTSA :oh ok, thx (07:00 am) JoeyTSA
:thx Ed, report slipped my mind (07:00 am)
skydiver :thnx Ed on report (07:00
am) skydiver :LQDT been nice so
far (07:01 am) JoeyTSA :yeah, i let it go
sadly (07:01 am) Qwert :LQDT is a
beauty (07:01 am) skydiver :I let
1/2 of my position go earlier, but kept the
other . . . working so far (07:02 am)
JoeyTSA :was the 1st stock i had on my gap
down list too..oh well, glad you guys got
it (07:02 am) Qwert :nice sky i only have
a 1/4 left (07:02 am) skydiver :nice
qwert youi have 1/4 left of your 2,000 shares
🙂 (07:03 am) JoeyTSA :Ed gets ice cream
today with GMCR 🙂 (07:03 am) Qwert
:i wish only had a 1000 (07:03 am)
skydiver ::) (07:04 am)
skydiver :nice Ed oin GMCR — why I
didn’t jump — (07:06 am) JoeyTSA :LQDT
nice 50% retracement off gap down (07:07
am) JoeyTSA :meant to type that down here on
QIHU (07:14 am) elisha :RIG at
S3 (07:17 am) JoeyTSA :totally missed taht
2nd short on MPC (07:18 am) JoeyTSA :ALNY
$51 def res area, $1 pullback so
far (07:18 am) elisha :can’t tell if
housing sector is toppy or walking up a
channel (07:25 am) JoeyTSA :FSLR gave nice
pullback, see waht it does near $50 (07:31
am) JoeyTSA :/CL down $1 past 90
min (07:35 am) JoeyTSA :early
breakfast, very nice moves today, great
calls, see you in 20 (07:35 am)
skydiver :take care joey (07:47 am)
skydiver :Thnx for great calls again
today . . off to the office I go – make lots
$$ 🙂 (07:48 am) taco :bye sky
have a great day (07:48 am) skydiver
::) (07:49 am) Qwert :cya sky (07:59
am) elisha :CELG lod (07:59 am)
taco :thx ed (08:00 am) taco
:they must be short TSLA? (08:00 am) Ed
:and missed the move (08:00 am) JoeyTSA
:TSLA ugly (08:03 am) JoeyTSA :not sure i
trust GS though Ed (08:04 am) JoeyTSA :get
the feeling they will load up on TSLA at some
point (08:05 am) JoeyTSA :like a gold
replay from when they said to short
it (08:07 am) JoeyTSA :TSLA $125 P is now
9.55, should have jumped on them
earlier (08:13 am) JoeyTSA :days like
today confuse me, feels like market is down
more than it shows (08:13 am) Ed :i know
what u mean (08:13 am) JoeyTSA :cant get a
feel if market is turning over, or giving
great buy areas (08:13 am) JoeyTSA :glad
its not just me (08:14 am) pirate
:On TSLA report seems like the range they
give is too great…$113 and $58… they
might as well have said $0.00…seems like
manipulation…watch it bounce from $100.00
area to new highs (08:14 am) JoeyTSA
:yesterday analyst gave $220 target (08:15
am) pirate :good to know thx
Joey (08:15 am) JoeyTSA :might as well
say anywhere from $5-$400
haha (08:15 am) pirate
:lol (08:18 am) JoeyTSA :must be why those
clowns title has the appropriate first 4
letters 🙂 (08:20 am) taco :ba
dump bum ching (08:20 am) JoeyTSA
::) (08:21 am) JoeyTSA :you just cant take
them seriously (08:21 am) JoeyTSA :they
get paid to talk up stocks, and when they do
give a downgrade..the stock has usually
already moved down haha (08:22 am)
taco :like forecasting yesterdays
weather, i can do that (08:22 am) JoeyTSA
:haha (08:29 am) taco :looks like a
bottom TSLA… (08:30 am) JoeyTSA :keep
eye on $117 (08:30 am) taco
:ya (08:37 am) JoeyTSA :XONE still trying
to find a bottom (08:38 am) taco
:CAR is down quite a bit (08:40 am)
taco :same HTZ (08:47 am) JoeyTSA
:nice taco, wonder what causes car rental
stocks to drop..maybe expecting slower travel
? (08:48 am) taco :dunno, avis just
bought payless car rental though $50
mill. (08:49 am) JoeyTSA :didnt know
that (08:52 am) JoeyTSA :ALNY really
dropped from that $51 level/breakout area
mentioned earlier (08:52 am) Murano :if
you took CTAS long from pre-market would sell
some here (08:53 am) JoeyTSA :nice
patience and call Murano (08:53 am)
taco :yes nice murano (08:59 am)
Qwert :excellent call on CTAS
Murano (08:59 am) Murano :thanks (09:08
am) herman :qwert your hot today good
call on kre (09:11 am) taco :nice
calls qwert, joey (09:11 am) JoeyTSA :news
on ONXX Qwert? (09:13 am) Qwert :have not
seen any yet joey (09:13 am) JoeyTSA
:thx (09:13 am) JoeyTSA :thx Ed (09:13
am) Qwert :thx Ed (09:23 am) Ed :nno
problem (09:29 am) taco :what is
gold tied to typically? i bought GLD when it
was lower and just wondering what else will
affect it? (09:29 am) JoeyTSA :honestly no
clue, Mitch or Ed might have some
ideas (09:30 am) taco :im hoping for
a push to 130 (09:31 am) JoeyTSA :do you
have a timeframe in mind? (09:32 am)
taco :heck, i’d hold it for a year if
it goes to new highs (09:32 am) taco
:i don’t know who or what to listn to , it
seemed like a good buy that day tho (09:32
am) JoeyTSA :if you mean $175, me too
haha (09:33 am) taco 🙂 (09:33
am) JoeyTSA :you listen to 10 people, you get
10 ideas (09:37 am) JoeyTSA :XONE just
ugly (09:37 am) Ed :very (09:38 am)
taco :what would the tape on /GC say to
you Ed? (09:39 am) taco :i think
resistance here then 130 (09:39 am)
JoeyTSA :have to be careful comparing the 2 i
think (09:39 am) taco :oh (09:39
am) Ed :has ton of resistance above but
intermed. nice uptrend (09:39 am)
taco :ok GLD then (09:39 am) JoeyTSA
:/GC is just a futures contract where i
believe GLD actually has to hold a certain
amount of physical..but i may be wrong on
that (09:39 am) taco :right, no
change in trend yet (09:41 am) Murano :GLD
is 100% physical gold bullion (09:41 am)
Murano :Is is a SPDR (09:41 am) taco
:ok (09:42 am) taco :thx (09:43
am) taco :i finally sold F yesterday
after holding it for a year or so to b.e.
made $295.:) (09:44 am) JoeyTSA :almost $1
day 🙂 (09:44 am) taco
:lol (09:44 am) Murano :You rode it all
the way down to $9 (09:44 am) taco
:i’ll wait ten yrs for my AA trade to
be (09:44 am) JoeyTSA :wow (09:44 am)
taco :not using a lot of shares
thankfully (09:45 am) Murano :You have a
tremendous amount of patience!! (09:45 am)
JoeyTSA :right when you sell after getting
back to breakeven is when it takes off
🙂 (09:46 am) taco :ya 🙂 (09:46
am) JoeyTSA :thats why i like
breakouts (09:46 am) taco :i bought
and forgot murano, its in an rrsp
acct (09:47 am) Murano :do you check on
them once a week? (09:48 am) taco
:not when they are down 1/2 (09:48 am)
Murano :Do you have stop loss set? (09:48
am) taco :not back then and once they
dropped so far i figured i’d forget about
them and wait (09:49 am) taco :now
if i swing i have stops set yes (09:50 am)
JoeyTSA :people love to get back to
breakeven (09:51 am) JoeyTSA :i see it in
the casinos all the time too (09:51 am)
taco :ya and forget about making a
frofit (09:52 am) JoeyTSA :yeah, its like
they give the casino a chance to take all
their money, and once you get the chance to
make some..they cash out even (09:52 am)
Murano :If you rode F this long I would have
stayed. (09:52 am) JoeyTSA :same here
Murano, just apply a stop then (09:53 am)
taco :i’m happy to be out. i’m that
guy (09:53 am) Murano :Mulally has done a
good job at Ford. I would be more
cautious when it come time for him to
retire. (09:54 am) JoeyTSA :we love our
Ford Fusion (09:54 am) JoeyTSA :actually
its my wifes, im still driving my 1999 isuzu
trooper (09:54 am) taco :you’re a
trooper:) (09:55 am) JoeyTSA :only has 84k
on it haha, i dont have to drive
far to get anywhere (09:56 am) taco
:nice (09:56 am) taco :just bought
my wife ford escape hybrid 2005 75k (09:56
am) JoeyTSA :nice (09:56 am) taco
:looks like a miniature version of your
trooper (09:57 am) taco
:kinda (09:57 am) JoeyTSA :going to drive
it until she dies (09:57 am) JoeyTSA :the
trooper not the wife (09:57 am) JoeyTSA
:but at this rate that i drive, it might be a
tie haha (09:57 am) taco
:haha (09:58 am) taco
:TSLA (09:59 am) JoeyTSA :yeah, what a
pig, that $117 we talked about was nice
short (09:59 am) taco :i shorted
loss of 118 for a tester (10:00 am)
taco :not used to that so got
out (10:00 am) Ed :i had right
direction (10:00 am) taco :ya ed,
getting better:) (10:00 am) JoeyTSA :i got
a few puts late, sold out quick (10:01 am)
Ed :nice (10:02 am) JoeyTSA :the
120’s 5.80 to 7.30 (10:03 am)
JoeyTSA :had great chance to load up 90
minutes ago when we mentioned $117, waited
too long (10:03 am) JoeyTSA :/CL on 40t
drop (10:04 am) JoeyTSA :sold SODA way too
early too (10:05 am) taco :could
have played multiple moves nicely (10:05
am) JoeyTSA :yeah, didnt let them run enough,
decided to take quicker profits..hate losing
money or giving too much back (10:18 am)
Murano :DGX triple top (10:19 am) JoeyTSA
:TSLA now trying to hold $112 (10:24 am)
JoeyTSA :lunchtime, see you in 30 (10:24
am) taco :enjoy (10:52 am) so
:onxx was a good short (10:52 am) JoeyTSA
:TSLA trying to hold $109 here (10:58 am)
JoeyTSA :watching AAPL here (11:04 am)
taco :/CL on t move (11:05 am)
Murano :watching SFUN may
provide a short opportunity (11:07 am)
JoeyTSA :tighten TSLA if you took that $109
dbl bot (11:09 am) Murano :Have an
appointment, see you tomorrow. Keep an
eye on SFUN. (11:09 am) JoeyTSA :thx
Murano, have a good afternoon (11:09 am)
taco :thx murano (11:09 am) Qwert
:bye murano (11:12 am) taco :what
happened to SFUN 18/02/2011? (11:12 am)
taco :rev stock split or
something? (11:13 am) JoeyTSA :guessing
bad news (11:20 am) JoeyTSA :BIDU had 2
hour consolidation in 40c range, then fell
out of bed (11:33 am) JoeyTSA
:hmm (11:37 am) JoeyTSA :that TSLA put i
sold out of is now $13 (11:37 am) Ed
:nice (11:37 am) JoeyTSA :would be nicer
if i still had them haha (11:37 am) Ed
:yep (11:38 am) JoeyTSA :probably my
biggest weakness is not letting things trade
longer (11:38 am) Qwert :happens to me all
the time joey (11:39 am) JoeyTSA :even if
i had held, i am sure i would have been
stopped out on that pullback to $10 (11:39
am) Qwert :get used to the quick money
:)) (11:39 am) JoeyTSA :thats usually why
i dont go back and look, start 2nd guessing
everything i do (11:41 am) Qwert :i have
been trying real hard to keep even just a
small piece but still not always
successful (11:42 am) JoeyTSA :good
plan (11:42 am) Qwert :usually just have
to quit watching or i will sell
🙂 (11:43 am) JoeyTSA :TSLA down about $20
so far (11:44 am) Qwert :at some point may
make a nice entry would love to see how it
racts to 100 area (11:45 am) JoeyTSA
:yeah, big number to watch there (11:47
am) Qwert :this whole selloff based on GS
downgrade or note? (11:47 am) JoeyTSA
:yeah (11:48 am) JoeyTSA :same thing they
pulled with gold (11:48 am) Qwert
:wow (11:48 am) Qwert :thats whats scary
about swing trading for me (11:48 am)
JoeyTSA :wonder how much they had
shorted (11:49 am) Qwert :yeah for sure
and then will change directions and will say
that its undervalued (11:49 am) JoeyTSA
:yeah, can you imagine coming home from your
$400/day day job to see you lost $20k in your
account (11:50 am) JoeyTSA :and most dont
make close to $400 day..just used that as an
example (11:51 am) Qwert :yep (11:52
am) JoeyTSA :swing traders need a lot of
patience and a bottle of tums (11:52 am)
Qwert :and a bottle of rum
hahaha (11:52 am) JoeyTSA :some love it
though and do very well at it, i just
dont happen to be one of them (11:52 am)
JoeyTSA :haha (11:53 am) JoeyTSA
:sometimes your biggest strength is knowing
where your biggest weakness is (11:53 am)
Qwert :once in a while i will hold a piece of
a scalp overnight but pretty rare (11:54
am) JoeyTSA :swing trading is/was my
weakness, so instead of strengthening it..i
decided to eliminate it from my
scenarios (12:19 pm) JoeyTSA :isnt that
the company sued in Erin Brokovich
? (12:20 pm) JoeyTSA :same
company (12:21 pm) JoeyTSA :calling it a
day, Thanks
Mitch,Ed,Qwert,everyone (12:22 pm) JoeyTSA
:see you all tomorrow, have a great
afternoon (12:22 pm) taco :c ya joey
thx (12:22 pm) Qwert :bye joey have a
great night (12:22 pm) skydiver
:take care joey . . shorted PCG . . maybe a
bit early (12:23 pm) skydiver :any
news on PCG yet? I don’t see
any (12:24 pm) taco :sorry sky
nothing here (12:24 pm) skydiver
:thnx taco (12:25 pm) skydiver :out
3/4 on PCG short (12:26 pm) skydiver
:looking too strong at moment (12:27 pm)
skydiver :Only news I see on PCG
is: CPUC says PG&E should pay
$300 M fine for San Bruno, Bloomberg
says (12:29 pm) skydiver :stopped
out on last piece of PCG short at
be (12:29 pm) Qwert :nice trading
sky (12:30 pm) skydiver :not ideal
trade qwert but made a few dollars on it
🙂 (12:30 pm) taco :nice (12:31
pm) skydiver :thnx taco . . . guess it
was a micro trade 🙂 (12:31 pm) Qwert
:better than a loser was acting
strong (12:31 pm) skydiver :now
watch it drop like a rock 🙂 (12:31 pm)
Qwert ::) (12:43 pm) taco :thanks
mitch ed qwert and everyone see you in the
am. have a great rest of your day:) (12:43
pm) skydiver :take care taco (12:44
pm) Ed :c ya taco (12:45 pm) Qwert :bye
taco (12:53 pm) Qwert :bye mitch
ed (12:53 pm) skydiver :Thanks Mitch
and Ed and all . . . see ya
tomorrow (01:01 pm) herman :thank
you everyone for another good day
|