[06:20 am] Ed : good morning
traders
[06:28 am] Peter H: Good Morning
Traders. I will be sitting in for Mitch this
morning.
[06:29 am] Peter H: Thank
You
[06:29 am] Peter H: Thank you
joeytsa
[06:30 am] Peter H: QCOM
[06:30
am] Peter H: I am watching ERJ for a short
this morning
[06:31 am] Peter H:
ZMH
[06:32 am] Peter H: IMAX
[06:33 am]
Peter H: Watching UA
[06:34 am] Peter H:
Watching RKT
[06:34 am] Peter H: Watching
SINA
[06:35 am] Peter H: watching
ZMH
[06:35 am] Peter H: KSU
[06:37 am]
Peter H: watching MON
[06:38 am] Peter H:
watching YOKU
[06:38 am] Peter H:
VVUS
[06:40 am] Peter H: watching
NCR
06:41 am] Peter H: OREX
[06:42 am]
Peter H: sorry LRCX
[06:42 am] Peter H:
watching LCRX
[06:44 am] Peter H: watching
SWN
[06:44 am] Peter H: watching
NTES
[06:46 am] Peter H: FB new
low
[06:47 am] Ed : SPY new lod
[06:48
am] Peter H: VSI, PII
[06:50 am] Peter H:
watching ALNY
[06:53 am] Peter H: watching
NTES
[06:54 am] Peter H: watching
KO
[06:55 am] Peter H: VHC
[06:56 am]
Peter H: watching VMW
[06:57 am]
Peter H: SYNC
[06:58 am] Peter H: Watching
EDU for short
[06:59 am] Peter H: KO
turned
[07:03 am] Peter H: JBHT
[07:04
am] Ed : monitor BIDU at 100 level ADVANCED
trade can go eiher way long/short
[07:04
am] Peter H: QIHU
[07:06 am] Ed : more
selling in markets
[07:08 am] Peter H:
APOL
[07:12 am] Ed : reducing 3/4 BIDU
long
[07:13 am] Peter H: watching
TSLA
[07:14 am] Peter H: watching
THRX
[07:26 am] Peter H: watching
MMR
[07:26 am] Peter H: watching
EAT
[07:29 am] Peter H: watching JBHT.
Support at 54.05
[07:40 am] Peter H:
watching MAT
[07:45 am] Ed : monitoring
EBAY for potential long
[07:48 am] Ed :
slight bounce in SPY
[07:52 am] Ed :
monitoring DISH for potential short
[07:53
am] Ed : would like a move to the 29.19
area
[07:58 am] Peter H: watching
SOHU
[07:58 am] Ed : placing stop last 1/4
BIDU long 101.69 below
consolidation
[07:59 am] Peter H: MMR
broke resistance
[07:59 am] Peter H: HBC
broke support
[08:00 am] Ed : reducing 3/4
long EBAY
[08:00 am] Ed : placing stop
last 1/4 EBAY long at breakeven
38.23
[08:18 am] Ed : also trading at
trendline resistance
[08:18 am] Ed :
getting pullback in SPY
[08:23 am] Peter
H: watching KSU
[08:30 am] Peter H: BAX
alert
[08:35 am] Ed : FYI: Mitch went to
his daughters graduation and will be back
tomorrow
[08:38 am] Ed : nice bounce in
SPY
[08:39 am] Peter H: watching
MLNX
[08:41 am] Peter H: watching
THRX
[08:44 am] Peter H: watching
ALNY
[08:45 am] Peter H: watching
PNRA
[09:14 am] Ed : getting pullback in
SPY
[09:24 am] Peter H: VVUS
[09:33 am]
Ed : SPY trading near hod
[09:53 am] Ed :
getting pullback in SPY into potenital
support
[10:05 am] Peter H: MODL
alert
[10:16 am] Peter H: MODL discloses
$17 takeover offer
[10:25 am] Ed : SPY new
hod
[10:33 am] Peter H: VVUS
falling
[10:37 am] Ed : looking for more
selling vol
[10:37 am] Ed : just
monitoring BMRN
[10:44 am] Ed : reducing
3/4 BMRN long
[10:44 am] Ed :
als=also
[10:44 am] Ed : monitoring RRC
for potential short als
[10:44 am] Ed :
will trail last 1/4 long BMRN
[10:45 am]
Ed : on RRC would prefer a move closer to
63ish area
[10:46 am] Ed : due to
consolidation just under 61.88
[11:39 am]
Ed : SPY trading in tight range at
highs
[11:49 am] Ed : just
mentioning
[11:49 am] Ed : nice uptrend in
LAMR
[11:57 am] Ed : nice breakout in
SPY
[12:26 pm] Ed : if u took RKT short
would cover some here
[12:29 pm] Ed : SPY
broke range
[12:45 pm] Ed : out all RKT
short
[12:58 pm] Ed : have a great evening
traders, thanks a million Peter
[12:59 pm]
Peter H: Have a wonderful evening all. It was
nice to be with you all. Thanks!
| [05:56 am] eyes : Good Morning Ed Joey
Austria Shorty
[05:56 am] Ed : hey eyes
joey austria shorty
[05:57 am]
joeytsa : Good morning Ed,
eyes..everyone
[06:00 am] qwert :
good morning to everybody 🙂
[06:07
am] eyes : how do i buy Premarket on
TS
[06:08 am] eyes : EDU BIG
GAP
[06:09 am] Ed : just by placing as
limit,
[06:09 am] eyes : So Day not
Day+
[06:10 am] khall : morning
all
[06:10 am] Ed : should alreeady be
set
[06:11 am] eddy : hi
all
[06:11 am] qwert : EDU big
volume spike
[06:11 am] joeytsa :
gap up: MAT,GS,DGIT,WOOF,CLR,KO
[06:12 am]
joeytsa : gap down:
EDU,NBL,MFRM,SCSS,JBHT,CTAS,PII
[06:13 am]
qwert : thx joey
[06:14 am]
joeytsa : no prob
[06:19 am]
joeytsa : dont forget that buckethead
speaks later today..should cause some
movement
[06:19 am] apple : good
morning to all top traders
[06:19 am] Ed :
think meeting starts 10 est
[06:19 am]
joeytsa : yeah, thats what i have
listed also Ed
[06:20 am] lisas : gm
all
[06:20 am] apple : gm
lisa
[06:20 am] apple : gm
joey
[06:21 am] apple : gm
E
[06:21 am] apple : gm
qwert
[06:21 am] apple : gm
eddy
[06:21 am] apple : gm
khall
[06:21 am] apple : gm
eyes
[06:21 am] khall : gm
apple
[06:21 am] eddy : hi apple hi
everyone
[06:21 am] apple : gm
mike
[06:28 am] joeytsa : Welcome to
Peter Huffington
[06:29 am] lisas :
Hi Peter
[06:29 am] joeytsa : good
to have you aboard
[06:29 am]
skydiver : gm all and Ed and
Peter
[06:29 am] khall : Hi
Peter
[06:29 am] apple : hm
PH
[06:29 am] apple : gm
[06:29
am] apple : gm sky
[06:29 am]
skydiver : gm apple from Colorado
Springs CO 🙂
[06:29 am] qwert :
welcome
[06:31 am] joeytsa :
watching BIDU
[06:33 am] joeytsa :
MOS breaking over $57
[06:34 am]
joeytsa : tighten EDU if long
[06:37
am] khall : where’s Rusty – OREX is
dropping 🙂
[06:37 am] joeytsa :
VVUS diving
[06:38 am] joeytsa : EDU
testing $17
[06:49 am] joeytsa :
tighten MOS here
[06:49 am] Peter H:
watching PPO
[06:49 am] joeytsa :
testing $58
[06:50 am] joeytsa :
BIDU trying to hold $103
[06:51 am]
skydiver : thanx to whoever called MOS
— all out of L
[06:51 am] joeytsa :
🙂
[06:52 am] skydiver : thnx joey
🙂 made my morning so far in this
hotel 🙂
[06:52 am] joeytsa : been a
long time since someone thanked me from a
hotel room haha
[06:53 am] eyes :
LOL
[06:53 am] skydiver : too funny
joey 🙂
[06:54 am] rusty :
gm
[06:54 am] skydiver : gm
rusty
[06:54 am] khall : gm
rusty
[06:54 am] rusty : covered
balance of DIMI +1.50ish
[06:55 am]
rusty : added to OREX on
bounce
[06:56 am] totora : bidu way
down
[06:57 am] joeytsa :
1350-1356.50 ES range
[06:57 am]
rusty : AEPI very thin but daily chart
should be watched
[06:59 am]
skydiver : watching LEN
[06:59 am]
skydiver : report on housing index
coming up
[07:00 am] Ed : Bernanke
commenting
[07:01 am] skydiver : not
very positve from Bernake so far
[07:01
am] joeytsa : ES dropped
quick
[07:01 am] skydiver : LEN is
cliimbing 🙂
[07:01 am] skydiver :
out 3/4 LEN L
[07:02 am] skydiver :
all out of LEN L
[07:04 am] joeytsa
: MOS right back to $57
[07:05 am]
skydiver : CRM double bottom – low
volume however
[07:06 am] rusty :
Talk that Einhorn is short APOL
[07:06 am]
joeytsa : BIDU has been a great
short
[07:06 am] khall : Yep, lunch
and dinner money!
[07:07 am]
skydiver : I guess joey – on
BIDU
[07:08 am] rusty : OREX 6’s
again
[07:09 am] rusty : stay nimble
on OREX until VVUS news
[07:09 am]
rusty : i.e. cover weakness, short
strength
[07:10 am] rusty : DIMI
going to zero, why do I ever cover
these
[07:11 am] joeytsa : just in
case they dont?
[07:14 am] skydiver
: thnx for BIDU E
[07:14 am]
skydiver : Ed
[07:14 am] Ed : no
problem
[07:15 am] Ed : Bernanke
speaking
[07:15 am] gregs : ditto ed
thx for BIDU
[07:16 am] rusty :
Bernanke lookin a little tired
[07:16 am]
rusty : like the market?
[07:16 am]
eyes : Thanks Peter for IMAX
[07:17
am] joeytsa : i would be tired too if i
had been tap-dancing nonstop the past few
years
[07:17 am] apple :
APOL
[07:17 am] rusty : trading
nicely
[07:17 am] rusty : lol
joey
[07:17 am] apple :
funny
[07:17 am] Peter H: ur welcome
eyes
[07:19 am] skydiver : still
have my last 1/4 in BIDU
[07:20 am]
skydiver : think I’m trading better
today with 2 screens in a hotel than at home
with many more 🙂
[07:20 am] Ed : lot more
volatility this am
[07:20 am] rusty
: Holiday Inn does the same for me
sky
[07:20 am] apple : good for you
sky
[07:21 am] skydiver : well –
should have chose Holiday Inn this time –
would have made more $$ 🙂
[07:21 am] Ed :
specially if ur in a hotel
[07:21 am]
eyes : Ed what candle did you long
Bidu
[07:21 am] rusty : Dont use a
blue light on the bed
[07:21 am]
skydiver : thanks rusty — trying not
to think about that 🙂
[07:22 am]
skydiver : all out of BIDU L – have to
go do some hiking etc. Have a great day
all
[07:22 am] gregs : FMCN
working
[07:22 am] joeytsa : nice
one sky
[07:22 am] Ed : was small position
10:08 added after higher low at
10:11
[07:22 am] apple : have fun
sky
[07:23 am] eyes :
Thanks
[07:23 am] Peter H: take a hike,
sky
[07:23 am] joeytsa :
🙂
[07:23 am] Ed : have fun sky
[07:23
am] sakii : Sky, are you staying at the
Broadmoor
[07:23 am] skydiver :
🙂
[07:23 am] skydiver : ok – I’m
gone
[07:24 am] skydiver : no
sakii
[07:24 am] joeytsa : Motel
4?? 🙂
[07:24 am] gregs : out
FMCN long
[07:24 am] skydiver : at
the – Academy Hotel
[07:24 am] sakii
: Go there to eat if you can
[07:24 am]
skydiver : ok
[07:24 am]
skydiver : will do
[07:24 am]
go4it : Good call on BIDU Ed
[07:25
am] Ed : thx go4it
[07:25 am] eyes :
I tryed longing EDU premarket and order would
not fill 🙁
[07:27 am] rusty : SOHU
radar
[07:30 am] rusty :
marissamayer?@marissamayer Another piece of
good news today – @zackbogue and I are
expecting a new baby boy!
http://postcards.blogs.fortune.cnn.com/2012/0
7/16/may …
[07:30 am] rusty : mazal
tov marissa, now get to work and
stfu
[07:31 am] joeytsa : new net
worth is $300M
[07:31 am] joeytsa :
her
[07:36 am] khall : CRM triple
bottom but lower highs….
[07:37 am]
rusty : PPHM worth watching based on
daily chart
[07:37 am] khall : SPY
LOD
[07:40 am] joeytsa : nice quick
drop there
[07:41 am] rusty : LXRX
another one worth watching on daily
chart
[07:46 am] totora :
CLF
[07:47 am] rusty : Senator
sounds like Barney Fife
[07:47 am]
rusty : with slightly deeper
voice
[07:48 am] Ed : interesting how they
smiled at each other, will leave at
that
[07:49 am] apple : hey totora
thx
[07:50 am] rusty : CFTC Doesn’t
Have Funds To Directly Oversee Futures
Firms
[07:50 am] apple :
CTRP
[07:53 am] rusty : Bernanke
needs a lighting consultant
[07:55 am]
khall : These guys just like hearing
themselves talk…
[07:55 am] rusty
: add to OREX short into strength
[07:56
am] rusty : and saving some powder for
any pop into VVUS news
[07:59 am]
eyes : Ed no go Dish
[08:01 am] Ed :
yes it was a go
[08:02 am] eyes : i
missed it
[08:04 am] eyes : 2 BE 2
Small Gains
[08:06 am] eyes : I
didnt give ebay a chance out BE
[08:06 am]
qwert : Ed whats your entry on dish
short
[08:06 am] Ed : did not see the
short
[08:06 am] Ed : until too
late
[08:07 am] qwert :
thx
[08:08 am] Ed : breakin prev low entry
like 38.47 would have been good
[08:09 am]
Ed : did u take the long qwert on
EBAY?
[08:09 am] qwert :
yep
[08:09 am] Ed : nice
[08:09 am]
qwert : long on ebay and short on
dish
[08:09 am] apple : good job
qwert
[08:10 am] qwert : dish only
hamburger money
[08:10 am] qwert :
thx apple
[08:13 am] eyes : what was
your stop
[08:14 am] mh :
PDX
[08:14 am] qwert : under
38
[08:14 am] mh : sorry
PXD
[08:15 am] eyes : ya i got in
.30 thought i was to high put a stop at
BE
[08:18 am] Ed : what time was entry
eyes?
[08:19 am] Ed : on ebay
[08:19
am] rusty : SOHU
[08:19 am]
eyes : 10.46.49
[08:19 am]
rusty : LXRX coming to papa
[08:20
am] scalpman : PXD S@ 86.15 thanks
mh
[08:20 am] Ed : what u could since u
felt u were too high on price, stop at
breakeven, then reasses, see if stock test
the lod without breaking down or puts in
higher low
[08:20 am] scalpman : Out
1/3 PXD S
[08:21 am] eyes : Ok I
will do that next time thanks ED
[08:24
am] scalpman : OUt another 1/3 PXD
S
[08:25 am] qwert : nice
scalp
[08:25 am] scalpman : All out
PXD S
[08:25 am] scalpman : thanks
qwert
[08:25 am] eyes : so the 10.57
candle on ebay ED
[08:25 am] qwert :
🙂
[08:28 am] Ed : there u go
eyes
[08:28 am] Ed : u see that
[08:28
am] eyes : Ok i see that i just thought
it had to make a higher price than previous
entry
[08:29 am] Ed : did not make a new
low
[08:29 am] eyes : got
it
[08:29 am] Ed : also at times it will
retest lod
[08:31 am] joeytsa :
BAX
[08:32 am] apple : thx
joey
[08:32 am] Ed : nice one
Peter
[08:32 am] joeytsa : i was
late on that one
[08:32 am] Ed : like 20
minutes
[08:32 am] Peter H: Thank you,
ED
[08:32 am] joeytsa : 🙂
[08:32
am] qwert : hahaha
[08:33 am]
qwert : did you get any bax
joey
[08:33 am] joeytsa : on those
moves 20 seconds feels like 20
minutes
[08:33 am] apple : better
late than never
[08:33 am] joeytsa :
nope
[08:33 am] qwert : missed it
to
[08:33 am] Ed : after u finish with
it
[08:33 am] rusty : nice headsup
on BAX
[08:33 am] rusty : ty peter
h
[08:33 am] rusty : is peter h
brent?
[08:34 am] Ed : its a
secret
[08:34 am] qwert :
hahaha
[08:34 am] Peter H: No Rusty, I am
Mitch’s friend. He asked me to sit in for him
this morning.
[08:34 am] rusty : I
came in late, was peter h properly
introduced?
[08:34 am] joeytsa : no
he just pushed him out a window and stole his
color 🙂
[08:34 am] rusty :
Mitch has friends???????????
[08:35 am]
rusty : Newsflash
[08:35 am] Peter
H: I tolorate him
[08:35 am] joeytsa
: tell Mitch that he can dvr his cartoons and
get his butt back to work 🙂
[08:35 am]
apple : how many hands do you have
peter — that was some morning!
[08:35 am]
khall : that’s a personal question
apple… LOL
[08:35 am] rusty :
Mitch’s daughter has graduated 3x
already
[08:35 am] rusty : just
saying
[08:35 am] Ed : lol
[08:36 am]
apple : lol
[08:36 am] rusty :
What kind of skool she go to, graduating
every year
[08:36 am] Peter H: Actually,
he said he needed a break from Rusty. For the
TSA room, he has gone for the
graduation.
[08:36 am] apple : who
graduates in july?
[08:36 am] Ed : that
sounds right
[08:37 am] lisas : too
funny guys, but he has several daughters
doesn’t he?
[08:37 am] Peter H: 3
daughters
[08:37 am] sakii : I think
he is Brent
[08:37 am] rusty : 3
daughters, 9 graduations
[08:37 am]
lisas : no, he’s making too many calls.
Brent was “selective”
[08:37 am]
lisas : much fewer calls
[08:37 am]
sakii : True
[08:38 am] lisas
: unless it’s Brent on crack
[08:38 am]
Peter H: His daughter graduated from the
basic military training today.
[08:38 am]
joeytsa : congrats to her
[08:38 am]
apple : wonderful
[08:38 am]
lisas : oh, which service?
[08:38
am] rusty : congrats
[08:38 am] Ed :
u still have portion of EBAY qwert
[08:38
am] joeytsa : ES on a nice run past few
minutes
[08:39 am] qwert : no
renetered though
[08:39 am] qwert :
reentered
[08:42 am] rusty :
neutered
[08:42 am] Peter H: Lisas, I
think from the Marines.
[08:42 am]
qwert : haha rusty
[08:43 am]
apple : didn’t know she was
military
[08:43 am] lisas : I
wondered, they call one of their schools “The
Basic School”
[08:46 am] eyes : Any
thoughts on S BAx here
[08:47 am] Ed :
would place stop 55.63
[08:47 am] Ed : if
u took it here
[08:48 am] eyes : S
.51
[08:48 am] Ed : I dont usually play
the 2nd opportunity short
[08:48 am] Ed :
does not mean it will not work just not my
style
[08:48 am] Ed : nice r/r
though
[08:49 am] eyes : whats r
r
[08:49 am] Ed : risk v. reward
[08:49
am] lisas : I’m glad to know Ed has
some style
[08:49 am] Ed : lol
[08:49
am] eyes : OK just a .12 stop
[08:49
am] Ed : 1st time for everything
[08:49
am] lisas : you’ll need it when you
visit Doji
[08:50 am] Ed : true
[08:50
am] lisas : You’ll have to hold VA on
your own next week
[08:50 am] eyes :
now to be ed
[08:50 am] Ed : i play those
tight, so if i get stopped want to see how
reacts if get push closer to hod,
etc
[08:51 am] rusty : VVUS could be
halted anytime
[08:51 am] Ed : thx
rusty
[08:51 am] rusty : keep an eye
on ARNA OREX if and when its halted
[08:51
am] eyes : or wait
[08:52 am] Ed :
wait?
[08:52 am] rusty : if VVUS
approved, its labeling will be
paramount
[08:54 am] Ed : BAX needs to
lose this .35 area eyes
[08:54 am]
rusty : wait
[08:54 am] Ed :
for?
[08:55 am] rusty :
sumer?
[08:55 am] Ed : lol
[08:55 am]
eyes : ok now BE
[08:56 am]
eyes : I only have 100 Shares
[08:56
am] eyes : or wait
[08:58 am] Ed :
sure eyes
[08:59 am] rusty : RIMM
6.86….AAPL should buy them and close them
down….sell Iphones to blackberry
users
[08:59 am] qwert : Eyes can
you buy and sell odd lots
[08:59 am] Ed :
if cant get this breakdown I would tighten or
take profit and move on
[09:00 am]
eyes : I normaly trade 200 Qwert i just
did not on this i have stop at
.36
[09:00 am] Ed : thats my lack of
patienc speaking
[09:00 am] rusty :
e
[09:00 am] Ed : atience
[09:00 am]
rusty : p
[09:00 am] eyes :
That my Problem all my finger nails are
gone
[09:01 am] Ed : lol
[09:02 am]
eyes : Not really I dont bite my finger
nails all the hair is gone thou
[09:03 am]
Ed : we noticed
[09:03 am] Ed : not only
are we clients, but on executive board also,
“hair club for men”
[09:04 am] eyes
: LOL
[09:05 am] eyes : out
.33
[09:05 am] eyes : Lunch
money
[09:06 am] qwert : in n
out anybody? 🙂
[09:06 am] Ed
: now take BAX of ur screen
[09:06 am]
rusty : VIX lod, volatilitity
crushed
[09:06 am] Ed : that was for
eyes
[09:08 am] Ed : u get that
eyes
[09:08 am] scalpman : Time to
go…a small red…one dumb mistake ate up
profits and then some…
[09:08 am]
scalpman : We see you all
tomorrow.
[09:08 am] eyes : yes it
is off ty
[09:08 am] scalpman :
Scalpman has left the building!
[09:08 am]
rusty : scalpman has left the
building!
[09:08 am] Ed : c ya
scalp
[09:08 am] qwert : bye
scalp
[09:09 am] gregs : tried to
short VIX no shares 🙁
[09:09 am]
rusty : use VXX greg
[09:09 am]
rusty : VXX is an excellent short into
strength
[09:09 am] gregs :
oooo
[09:10 am] rusty : there are
numerous other vix etf’s
[09:10 am]
rusty : that being said, vix showing
complacency
[09:10 am] rusty : at
lower end of range
[09:11 am] gregs
: you use pivots rusty?
[09:12 am]
rusty : sometimes intraday
[09:12
am] gregs : still watching them, trying
to see how useful they are
[09:13 am]
rusty : i use support/resistance,
overbought/oversold indicators and
volume
[09:15 am] totora : College
graduation or HS ??
[09:16 am]
totora : College is celebration and HS
well….
[09:16 am] totora : more
bills
[09:16 am] gregs : gotcha
rusty… maybe i’ll master the basics before
doing fancy stuff like pivots
[09:18 am]
eyes : rusty what indicator
[09:20
am] rusty : stochastics, rsi,
macd
[09:21 am] rusty : whatever is
available
[09:21 am] eyes : what
setting on MACD
[09:21 am] rusty :
better to ask someone else settings
[09:22
am] rusty : for daytrades
[09:22 am]
eyes : whys that just
wondering
[09:22 am] rusty : cause I
am not a settings maven
[09:22 am]
gregs : i copy mitch’s MACD setup
12,26,9
[09:22 am] rusty : i do a
lot by feel
[09:23 am] eyes : Ok
thanks
[09:23 am] gregs : rusty is
psychic
[09:23 am] rusty : psychotic
too
[09:24 am] rusty : i like to
look for news driven stocks
[09:25 am]
rusty : esp when they get overbought
and oversold
[09:25 am] rusty : e.g.
obesity drugs
[09:25 am] rusty : and
then concentrate on them for a tidy profit,
hopefully
[09:26 am] rusty : OREX
has gone from 3 to 8 in recent day
[09:26
am] rusty : on no news of its own
really
[09:26 am] rusty : just
sympathy to other obesity rugs
[09:26 am]
rusty : drugs
[09:27 am] rusty
: so I am banking on a push into VVUS news
followed by a pullback
[09:28 am]
eyes : I will see you all in a few
hours
[09:28 am] rusty : this am we
got the gap and crap as expected
[09:28
am] rusty : now playing the bounce for
a second crapping so to speak
[09:29 am]
rusty : in this type of trade I would
almost prefer the short goes against me for a
bit
[09:29 am] rusty : as it helps
me build the short, build my average and
hopefully build my profits
[09:31 am]
gregs : are you in vvus rusty
[09:31
am] rusty : no
[09:32 am]
gregs : its pretty wild right
now
[09:32 am] rusty : makes senses,
its sort of a lottery ticket at this
point
[09:33 am] rusty : if it isnt
approved will get a huge haircut
[09:35
am] rusty : id rather play the sympathy
plays
[09:35 am] rusty : cause I can
do large size with more definable
risk
[09:36 am] gregs : ARNA,
OREX
[09:36 am] gregs : as
sympathy
[09:37 am] rusty : OREX
mostly. ARNA might be a play if
VVUS rejected cause then it will be the only
approved drug
[09:39 am] rusty :
lotta ways to play this…no doubt…i like
to look for the simplest
[09:39 am]
rusty : OREX is way off from any
approval
[09:39 am] rusty : so even
if it runs I have the opportunity to adjust
my short and time on my side
[09:40 am]
rusty : the only long case for OREX
currently is that its undervalued as compared
to ARNA and VVUS if approved
[09:43 am]
gregs : short probably has more
potential in the short term
[09:43 am]
gregs : probably alot of nervous buyers
in there
[09:45 am] rusty : exactly,
that’s what I bank on
[09:45 am]
lisas : Great info Rusty,
thanks!
[09:48 am] rusty : ur
welcome, hope it helps
[09:49 am]
apple : you are a master
rusty
[09:49 am] rusty : of
disaster
[09:49 am] apple : haha,
not quite
[09:54 am] rusty : with
above method I dont have to worry too much
about stops
[09:54 am] rusty : all I
have to do is manage risk by not going in to
the short all at once
[09:55 am]
rusty : i also dont have to worry about
exact level I short at, as I can average in
to the short
[09:57 am] rusty : only
thing I need is patience in waiting for the
right time to start the position
[09:58
am] rusty : leading up to the
event
[09:59 am] rusty : I am doing
this with a short, but you can do this with a
long in similar fashion
[10:00 am]
rusty : e.g. buying a stock into
weakness, leading up to an anticipated
event
[10:00 am] rusty : but my
preference happens to be short
[10:00 am]
rusty : i find that longs drive things
up too high
[10:00 am] rusty : in
anticipation of event
[10:03 am]
rusty :
http://www.statesmanjournal.com/usatoday/arti
cle/56271594?odyssey=mod|newswell|text|Health
|p
[10:04 am] rusty : see how jumpy
OREX gets as it gets closer to VVUS fda
decision
[10:04 am] rusty : up and
down
[10:05 am] rusty : VVUS is the
lottery ticket trade, OREX is the
moneymaker
[10:06 am] rusty : e.g.
if you go long VVUS in anticipation of
approval its like a lottery ticket
[10:06
am] rusty : cause it could be
rejected
[10:06 am] rusty : and you
could lose shirt
[10:06 am] rusty :
actually worse than lottery ticket
[10:08
am] rusty : as its fully valued before
full approval
[10:13 am] mh : PXD
broke
[10:13 am] victor51 : Rusty,
Short not available at TS. Did you find any?
I know it’s late for me
[10:14 am]
rusty : plenty available
[10:14 am]
rusty : try another broker
[10:14
am] rusty : if you are going to start a
short at this level, start it small
anyway
[10:14 am] rusty : and wait
for a pop hopefully
[10:15 am] rusty
: to add to your position
[10:16 am]
rusty : in this technique you short
into strength, not weakness, short when it
feels unnatural
[10:19 am] rusty :
DIMI dang
[10:19 am] rusty : covered
too soon lol
[10:20 am] rusty :
shoulda been shorting instead of
covering
[10:21 am] Ed : nice one
rusty
[10:22 am] Ed : ur specialty 20 and
under, ur favorites single digits
[10:23
am] rusty : in the sumer
[10:23 am]
Ed : right
[10:23 am] rusty :
Hedge-Fund Manager Chetan Kapur Arrested on
Fraud Charges
[10:23 am] Ed : laate in d
eberning
[10:24 am] rusty : No
wonder he arrested, look at his
name
[10:24 am] rusty : Cheating
Caper
[10:24 am] apple :
lol
[10:27 am] rusty : Chetan Kapur
is an individual of the highest integrity,
who enjoys participating in and contributing
to the community. He is an individual that
combines insight with integrity and
experience. He combines what he learns from
his personal and professional lives to do
better in both areas.
[10:27 am]
rusty :
http://www.chetankapur.net/
[10:27 am]
rusty : you cant make that up if you
tried
[10:31 am] victor51 : Hi
Peter, MODL dropping. Is offer not coming
thru?
[10:33 am] rusty : VVUS
ALERT
[10:34 am] Peter H: Victor51,
usually these are advanced trades, very
risky.
[10:34 am] Peter H: MODL rejected
the bid
[10:36 am] rusty : CIEN
radar, takeover rumors
[10:36 am]
rusty : VVUS drop n pop
[10:37 am]
rusty : very jumpy prior to
decision
[10:38 am] joeytsa : cnbc:
traders are now thinking, after listening to
bernanke, that there is a 50/50 chance of
qe3
[10:38 am] rusty : yesterday
they were thinking 75%
[10:38 am]
rusty : go figure
[10:38 am]
rusty : just look at TLT
[10:38 am]
joeytsa : yep…gotta love cnbc
though
[10:44 am] aussie123 : Hey
RUSTY …I have been trying to learn how to
read it…what does theTLT chart tell
you?
[10:45 am] rusty : TLT is the
20 year long bond
[10:45 am] rusty :
so as it goes up yield goes down
[10:45
am] rusty : yield is at historical
lows
[10:46 am] rusty : people
buying for return of principal rather than
return on prinicipal
[10:46 am]
rusty : i am using it as a vix of
sorts
[10:46 am] rusty : shorting it
into pops
[10:47 am] aussie123 : so
it would be an inverse reflection of
equities??
[10:47 am] rusty : yes
more or less
[10:48 am] rusty : as
yields go to lows, people should be forced
into equities
[10:48 am] rusty : is
the conventional wisdom
[10:48 am]
aussie123 : Thanks…Thanks…Thanks
again
[10:48 am] rusty : let me show
u on chart
[10:50 am] rusty :
http://stockcharts.com/h-sc/ui?s=TLT:SPY&
amp;p=M&yr=10&mn=0&dy
=0&id=p32142206767
[10:50 am]
rusty : relationship between stocks and
long bond
[10:51 am] qwert : Ed thx
for BMRN :))
[10:52 am] Ed : nice
going qwert
[10:53 am] aussie123 :
Rusty..viewed the daily Tlt…Gotcha % thanks
again.
[10:56 am] rusty : i am
putting in “wish” short orders above the
market in case OREX gets a pop into any
sudden VVUS news
[11:00 am]
aussie123 : Orex in a squeeze on the
Bollinger …Vxx popping
[11:02 am]
qwert : Ed whats your entry on
RRC
[11:02 am] Ed : 62.91
[11:02 am] Ed
: I took 3/4 already
[11:03 am]
qwert : 62.92 with half off at
.69
[11:03 am] Ed : on 1st drop into
20ma
[11:03 am] Ed : nice
[11:03 am]
qwert : thx
[11:04 am] qwert :
moved stop to b/e on balance
[11:07 am] Ed
: not much traction on downside but I wil
take it
[11:07 am] qwert : yeah
acting strong
[11:11 am] rusty :
WSJ: Pilots at Continental and United Approve
a Strike
[11:12 am] joeytsa : 94%
voted, 99% of them approved
[11:13
am] Ed : guess the union will break some legs
on non voters
[11:13 am] joeytsa :
yep
[11:14 am] victor51 : Peter,
Thanks for MODL short +3%
[11:15 am] Ed :
nice going victor
[11:15 am] rusty :
http://charlotte.cbslocal.com/2012/07/17/stud
y-people-who-are-constantly-online-can-develo
p-mental-disorders/
[11:16 am] Ed : thats
why I act like I do
[11:16 am] Ed : what’s
rusty’s excuse
[11:16 am] victor51 :
Rusty, Could you please share your thoughts
on short. I have lot more winners on short
side. Do you think its due to summer doldrum
?
[11:17 am] victor51 : Thanks. Ed.
great call for 63’s entry for RRC. i was
little too early to enter but got out on
short quickly
[11:18 am] Ed : thx, yea I
like that MODL, 3 attempts at 15 got
rejected
[11:19 am] rusty : I don’t
do too many market shorts, more on individual
stocks/events. Shorts acting well
probably because of market and seasonal
weakness
[11:20 am] rusty : that
being said, I am in a few swing shorts that
barely show any weakness
[11:20 am]
victor51 : Thanks Rusty. i agree with
you. It seems like lot less work on shorts in
this slower market
[11:24 am]
victor51 : Rusty, I used to swing
trading but it used to take my daiy trading
profit away in a hurry. i may get back to
swing in Fall
[11:25 am] rusty :
start small
[11:25 am] rusty :
nothing wrong with small profits
[11:31
am] qwert : watching EDU
[11:33 am]
eyes : OK back did i miss anything
great
[11:33 am] Ed : nice one
qwert
[11:34 am] qwert :
thx
[11:34 am] eyes : yu long
qweert
[11:34 am] qwert : 14.95 long
on EDU
[11:35 am] Ed : rusty u still have
some SSH short
[11:35 am] qwert :
already out 3/4 at 15.19
[11:35 am]
rusty : yes
[11:36 am] Ed :
nice
[11:37 am] rusty : USA TODAY
inadvertently published a story online this
morning saying the Food and Drug
Administration had given approval to the diet
drug Qsymia (kyoo sim ee’ uh). The story was
prepared in anticipation of FDA approval, but
at this hour that approval is still
pending.
[11:39 am] qwert : look at
BMRN at 41.50 keeps trying to pop
it
[11:39 am] Ed : ppppppush
[11:40 am]
eyes : rrc looking good missed it
thou
[11:40 am] qwert : I dont see a
big seller there on bmrn
[11:41 am]
qwert : Ed did you reshort
rrc
[11:41 am] rusty : STEM on radar
probably for tomorrow
[11:41 am] Ed : no,
saw nice signal but passed
[11:41 am]
qwert : same here
[11:42 am] Ed :
those 2nd entries pay dividends, but Im so
use to taking 1st entries
[11:56 am]
victor51 : Hi Joey, very quite
lately
[11:57 am] apple : hey
victor
[11:58 am] eyes : Hows your
day going Apple
[11:58 am] apple :
great
[11:58 am] eyes : that is good
to hear
[12:03 pm] rusty : and
see
[12:04 pm] eyes : How about Bidu
looks weak
[12:07 pm] Ed : no trade in it
for me eyes
[12:07 pm] qwert :
monitoring EDU again
[12:08 pm] eyes
: I am not trading just looking
[12:09 pm]
victor51 : Hi Apple, Had great
vacation. Nordiac countries incl. Moscow and
St. Petersburg. McD is doing very well there.
All American fast food is now doing business
in Moscow, Oslo, Coppenhagen. Constrctins
everywhere. Moscow’s subway stations are like
palaces..all marbel and very fast. Subway
trainsare running every two minutes. More
latter on. How you doing
[12:10 pm]
apple : great to hear victor.
just don’t eat junk…
[12:12 pm]
joeytsa : RKT
[12:12 pm]
joeytsa : good timing Ed
[12:12 pm]
Ed : yea same time
[12:12 pm] apple
: thx joey & E
[12:13 pm]
joeytsa : hi victor, still here on and
off 🙂
[12:20 pm] qwert : Ed did you
short RKT
[12:20 pm] Ed : yes
[12:20
pm] qwert : nice whats your
entry
[12:23 pm] Ed : small
62.51
[12:23 pm] apple :
nice
[12:23 pm] sakii : Thanks Ed,
Peter & everyone, I have to leave a
little early. Have a nice evening.
[12:23
pm] qwert : i tried at .60 and
missed great entry
[12:24 pm]
apple : bye sakii, have fun
[12:24
pm] Ed : c ya sakii
[12:24 pm]
joeytsa : bye sakii
[12:24 pm]
victor51 : Bye saki
[12:25 pm]
qwert : cya sakii
[12:25 pm]
rusty : bye sakii
[12:25 pm]
rusty : enjoy sake
[12:26 pm] Ed :
did u get the long joey
[12:26 pm]
joeytsa : yeah, i went long..not
short
[12:26 pm] joeytsa : got it
late though
[12:26 pm] Ed : I new thats ur
ammo
[12:27 pm] qwert : where did u
go long at joey
[12:27 pm] apple :
long and short, something for
everybody
[12:27 pm] joeytsa : break
over 61.80
[12:27 pm] qwert :
nice
[12:27 pm] Ed : long was
sweet
[12:27 pm] joeytsa : 61.87
entry..a bit late
[12:28 pm] rusty :
not sure that kind of talk allowed around
here
[12:28 pm] Ed : just reverse the
position joey, try it 1 day
[12:28 pm]
joeytsa : yeah, i should have
[12:28
pm] Ed : ur right sorry rusty
[12:28 pm]
rusty : if Mitch was here you would be
in trouble
[12:28 pm] Ed : please dont
tell on me
[12:28 pm] qwert :
hahaha
[12:29 pm] Ed : I be good from now
on
[12:29 pm] apple : you always
good E
[12:29 pm] joeytsa :
haa
[12:30 pm] qwert : i still need
to work on flexibility i always think
reversal
[12:31 pm] joeytsa : at
least it gets you to focus that way
qwert
[12:31 pm] Ed : its hard to go back
and forth
[12:34 pm] Ed : be careful
trading now, would use much smaller position
size if u decide to trade
[12:34 pm]
qwert : im just watching dont want to
give back nice profits from today
[12:35
pm] Ed : the best trade at times, sit on the
hands
[12:35 pm] joeytsa :
yep
[12:35 pm] qwert : vvus has been
a wild ride today
[12:36 pm] eyes :
Amen to that Ed
[12:37 pm] qwert :
eyes hows your day goin?
[12:37 pm]
apple : you got that right E, still
learning… sometimes the hard way
[12:38
pm] Ed : been there b4, has to come from
within to break that cycle
[12:38 pm]
eyes : I am done for the day7 trades 3
BE 1 loss 3 small profits +135 for the
day
[12:39 pm] qwert :
nice
[12:39 pm] Ed : must have had some
small losses eyes, greeen is good
[12:39
pm] victor51 : Joey, Thanks for
RKT
[12:40 pm] joeytsa : 🙂 Ed
put the chart up at the same time
[12:41
pm] Ed : confirmation
[12:41 pm]
rusty : STEM radar…hopefully it gaps
tomorrow
[12:42 pm] Ed : if ur new to
trading or not consistent in ur trading
please stay away from stocks under
20
[12:43 pm] rusty : that’s a
pretty broad swipe
[12:43 pm] Ed :
true
[12:44 pm] Ed : keep an eye on ALNY
tomorrow also,
[12:44 pm] rusty :
wtf
[12:44 pm] rusty : you said to
stay away from stocks under 20
[12:44 pm]
rusty : im so confused now
[12:44
pm] Ed : yes and it still goes
[12:45 pm]
Ed : typcial of u rusty, I was born
confused
[12:45 pm] apple :
lol
[12:45 pm] rusty : i dont know
whether im coming or going
[12:45 pm] Ed :
lol
[12:45 pm] rusty : have to check
mirror, brb
[12:45 pm] Ed : I left already
but dont now where i went
[12:46 pm]
rusty : must be sumer
[12:46 pm]
apple : haha, brb…
[12:46 pm] Ed :
truly
[12:47 pm] victor51 : Thanks
everyone for EDU. Started late but had great
day 4 ?4 wins.
[12:47 pm] Ed : nice going
victor
[12:47 pm] apple : great
victor
[12:48 pm] rusty : nice
vector victor
[12:49 pm] eyes : Ed
can I talk to you latter on in regards to
last friday
[12:50 pm] Ed : sure
[12:50
pm] eyes : what s a good time
[12:50
pm] Ed : anytime after 6:15 est. I have
coaching session
[12:51 pm] eyes :
sounds great
[12:51 pm] eyes : see
you all Manana
[12:51 pm] Ed : c ya
eyes
[12:51 pm] Ed : tsla gave it back
nicely
[12:51 pm] rusty : take care
eyes
[12:52 pm] qwert : cya
eyes
[12:59 pm] joeytsa : Thanks Ed,
Peter, everyone..have a great day, see you in
the morning
[12:59 pm] apple : thx
peter
[12:59 pm] rusty : enjoy the
poloponies joey
[12:59 pm] qwert :
Bye everybody thx for all the great calls
Peter, Ed and everybody else
[01:00 pm]
rusty : thx and gn all
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