| (05:47 am) Mitch King:looking for bounce in
CL 09
(05:55 am) Mitch King:soon
(05:55 am) Mitch King:consider selling CL 09
(05:57 am) Mitch King:U.S. stock index
futures held their sharp gains Thursday, as
Wall Street cheered upbeat economic data from
China and Europe and a better-than-expected
jobless claims report.
(05:58 am) Mitch King:dont be long CL in next
90 seconds when NY pit opens Nymex, should
spike down
(05:59 am) Mitch King:dont short either, let
NYMEX pit open
(06:04 am) Mitch King:i can explain what i
was seeing on that New York opening. same
pattern happened on the London opening at
530am pacific time. CL was up $4.00 from
yesterday’s low, big move so i assumed there
would be selling and it gets erratic trading,
too fast for me so i stay out until it
settles down
(06:16 am) Mitch King:NG powering up last 28
minutes
(06:19 am) Mitch King:looking for a bounce
early in the ag-chemical stocks: POT, MOS,
MON
(06:30 am) Mitch King:watching STRZA
(06:30 am) Mitch King:watching VPHM
(06:30 am) Mitch King:watching THOR
(06:30 am) Mitch King:watching CAVM
(06:31 am) Ed’s assistant :Monitoring TWC
(06:31 am) Mitch King:watching Z
(06:31 am) Mitch King:watching ROVI
(06:31 am) Mitch King:watching OPEN
(06:31 am) Mitch King:watching PWR
(06:31 am) Mitch King:watching MDVN
(06:32 am) Mitch King:watching XRAY
(06:32 am) Mitch King:watching CNQR
(06:32 am) Ed’s assistant :Monitoring SINA
(06:32 am) Mitch King:monitoring ACXM
(06:33 am) Mitch King:monitoring K
(06:33 am) Mitch King:watching CTRP for small
short
(06:33 am) Mitch King:CMI continuing uptrend
today
(06:33 am) Mitch King:watching ROVI for s
hort on top of bounce, take time
(06:34 am) Mitch King:watching SPWR
(06:34 am) Mitch King:watching HUM
(06:34 am) Mitch King:watching CMC for top
(06:34 am) Ed :SBH monitoring
(06:34 am) Mitch King:watching IRDM
(06:34 am) Mitch King:monitoring means not
ready, watching is better idea at that
moment
(06:35 am) Mitch King:watching IRDM closer,
low priced stock
(06:35 am) Mitch King:monitoring TRW
(06:36 am) Mitch King:watching APA
(06:36 am) Mitch King:watching WBMD
(06:36 am) Mitch King:watching AVP
(06:37 am) Mitch King:watching OTEX for short
on top of bounce, missed bottom
(06:38 am) Mitch King:watching SPWR closer
(06:38 am) Mitch King:watching MDU
(06:38 am) Qwert :watching CTRP
(06:39 am) Mitch King:monitoring WNR
(06:39 am) Mitch King:watching SINA for
rebound for 2nd short above 72, missed first
short
(06:40 am) Mitch King:SPWR trying to bounce
here
(06:40 am) Mitch King:LPI toppy
(06:41 am) Mitch King:watching TDC
(06:41 am) Mitch King:monitoring LRCX for
short, not ready
(06:42 am) Mitch King:QCOR resuming uptrend
from yesterdays big move
(06:42 am) Ed’s assistant :Monitoring EGN
(06:43 am) Mitch King:watching QEP
(06:43 am) Mitch King:watching NXPI for
short, prefer 34.25 area+
(06:45 am) Mitch King:sell SPWR
(06:45 am) Mitch King:consider reducing CAVM
(06:45 am) Mitch King:consider reducing SPWR
if long
(06:46 am) Mitch King:BRKR toppy
(06:47 am) Ed :moniotri 300 level on AMZN
(06:47 am) Mitch King:remind me to show you a
chart on SPWR later, 2-3 hours from now
(06:49 am) Mitch King:watching CNQR closer
(06:49 am) Mitch King:consider reducing QEP
if long
(06:50 am) Mitch King:sell QEP
(06:50 am) Ed :would like more selling
(06:50 am) Ed :YY monitoring
(06:52 am) Mitch King:watchiNG AGU
(06:53 am) Mitch King:watching TRN
(06:54 am) Mitch King:watchign HOS
(06:55 am) Mitch King:monitoring AON
(06:55 am) Ed :SPY new hod
(06:55 am) Ed :if u took YY long would reduce
some in here
(06:59 am) Ed :ISM data will be out in
minutes
(06:59 am) Mitch King:watching INT
(07:00 am) Ed :*(US) JULY ISM MANUFACTURING:
55.4 V 52.0E; ISM PRICES PAID: V 53.5E (07:00
am) Ed :10:00 *(US) JUN CONSTRUCTION SPENDING
M/M: -0.6% V 0.4%E – Prior MoM revised XXX
from % to %
(07:01 am) Ed :SPY new hod
(07:01 am) Ed :ISM up construction down
(07:01 am) Ed :so looks like mixed econ
report
(07:04 am) Murano :watching NOW
(07:06 am) Mitch King:watching AVP closer for
bottom
(07:07 am) Ed :if anyone still has piece of
YY long would trail
(07:09 am) Mitch King:short soon on YY
(07:10 am) Mitch King:watching IOC
(07:10 am) Ed :advanced traders monitor the
210 level on LNKD
(07:10 am) Mitch King:more downside on RGR
(07:11 am) Mitch King:microshort on BWA
(07:28 am) Mitch King:i just read Snowden
gets 1 year asylum in Russia
(07:30 am) Ed :*(US) WEEKLY EIA NATURAL GAS
INVENTORIES: +59 BCF V +55 TO +60 BCF
EXPECTED RANGE (related USO UNG
(07:31 am) Ed :nice drop in NAT gas
(07:50 am) Ed :V been holding 175 level
(07:51 am) Ed :there she goes
(07:51 am) Ed :Its hit 175 on 1minute chart
about 13x
(07:52 am) Ed :timeframe
(07:52 am) Ed :more times stocks trades near
lows, better chance at break, shows buyers
cant move stock up at that partiuclar time
(07:55 am) Mitch King:downtrend in CL 09 now
(07:56 am) Mitch King:best to short top of
bounces and avoid going long is best poicy
for downtrends
(07:59 am) Mitch King:watching GWR
(08:10 am) Ed :I dont have a bias
(08:10 am) Ed :just monitoring right now
(08:10 am) Ed :positive comments
(08:10 am) Ed :OMER
(08:24 am) Mitch King:watching AGU again
(08:30 am) Ed :APOL Hearing chatter an
activist investor could take a stake-
(08:30 am) Ed :APOL
(08:38 am) Qwert :monitoring CNQR again
(08:42 am) Murano :watching OCN
(08:49 am) Ed :If u took APOL long would
reduce some herre
(09:21 am) Mitch King:SPY near high of day
(09:31 am) Murano :watching AVP
(09:47 am) Ed :would like test @ near 70
(09:47 am) Ed :just monitroing CME right now
(10:24 am) Mitch King:where is Lisa
(10:24 am) Mitch King:anyone watching corn,
wheat and soybeans getting whacked today?
(10:28 am) Murano :watching SBH may be
close to bottom
(10:41 am) Ed :IT) Italy court overturns
Berlusconi convictio-
(10:50 am) Qwert :watching PHH
(11:05 am) Murano :watching OHI
(11:12 am) Ed :DTV CEO: Latin America unit
still on track to have a very good year in
terms of net additions – conf call –
(11:30 am) Mitch King:monitoring CLX
(11:35 am) Qwert :monitoring FB at hod
(11:38 am) Mitch King:the float on SR is only
5.92 mil shares, no wonder it is up from
$3.25 to $16.30 today
(11:40 am) Mitch King:should be realy good
trades tomorrow on SR too, real good
(11:48 am) Qwert :monitoring SPWR
(11:51 am) Murano :watching RYL
(12:24 pm) Murano :watching INCY
(12:25 pm) Mitch King:monitoring NFLX,
(12:39 pm) Ed :getting spike in markets
(12:54 pm) Ed :have a great evening traders
(12:55 pm) Mitch King:later guys
(01:12 pm) Mitch King:hey guys, tomorrow
should be a really good trading day in both
directions, up at first and then some selling
too
| (05:40 am) Qwert :Good morning everyone :))
(05:43 am) Qwert :Ism and construction
spending at 7:00pstNat Gas Inv. at 7:30 pst
Auto and truck sales today as well
(05:45 am) akram :Good morning All
(05:56 am) Qwert :thx for /CL call Mitch
(06:03 am) taco :gm everyone
(06:05 am) taco :thx Mitch, thx Qwert for
info too
(06:11 am) Qwert :Gap up YELP, CTRP, TRLA,
LPSN, DWA, JCP, SNDK, V
(06:12 am) Qwert :Gap down HALO, NIHD, PRLB,
MDVN, DTV,
(06:12 am) Qwert :thx for the explanation
Mitch
(06:13 am) taco :thx Qwert, STMP is up $4.
but low vol
(06:13 am) Qwert ::)
(06:15 am) skydiver :gm all and thanks Mitch
for inof and thnx Qwert for gappers and
thanks taco for volume info 😉
(06:15 am) taco 🙂
(06:16 am) running :Good morn all…. Ynx
Quert for gaps
(06:20 am) doji :Good morning fellas!
(06:20 am) doji :Just coming back from
3-week vacation
(06:20 am) skydiver :gm doji – nice to see
ya
(06:20 am) taco :hey Doji!
(06:20 am) skydiver :nice doji
(06:21 am) doji :Hi Taco, Sky
(06:21 am) doji :Hi Ed, Mitch, Qwert, Joey
(06:22 am) Qwert :Hi Doji
(06:22 am) Mitch King:how is going in Brazil
Doji?
(06:22 am) Ed :hey doji
(06:22 am) doji :Doiing fine Mitch, just
came back from Peru. Thanks for asking
(06:24 am) victor51 :good morning all
(06:25 am) skydiver :gm victor
(06:25 am) doji :SPY just hit $170….
(06:27 am) skydiver :thnx doji
(06:30 am) elisha :gm all
(06:33 am) taco :JCP
(06:39 am) skydiver :POT trying to climb up
(06:41 am) taco :ROVI holding up
(06:42 am) skydiver :nice taco
(06:43 am) taco :thx for SPWR Mitch
(06:44 am) taco :i was hoping for it to fall
Sky, got 1% tho:)
(06:44 am) taco :ROVI
(06:49 am) skydiver :glad I got ouit of TSLA
long for a small profit — should have
shorted
(06:55 am) skydiver :thnx Ed for YY!! 🙂
(06:57 am) Ed :nice going sky
(06:58 am) skydiver ::)
(07:00 am) skydiver :thnx Ed for info
(07:01 am) taco :thx Ed
(07:01 am) Qwert :thx Ed
(07:02 am) elisha :resort area where I live
summer trade down over last year
(07:03 am) taco :thx elisha
(07:04 am) elisha :taco – you do const –
decks – don’t you? Is business strong or
less than last year?
(07:05 am) taco :way less
(07:05 am) elisha :not surprised
(07:05 am) taco :i think late summer made
ppl on fence choose to put $ elsewhere tho
(07:06 am) taco :im in canada too
(07:06 am) elisha :im in mackinaw and people
here looking but not buying
(07:08 am) skydiver :thnx Ed – still in YY
long
(07:08 am) Ed :great patience sky
(07:09 am) Mitch King:wow skydiver, you must
have changed or forgot you had YY long, thats
a big change for you
(07:09 am) Ed :agreed Mitch
(07:09 am) skydiver :my wife helped . . .she
came in and interuppted me and kept my little
finger off the mouse 🙂
(07:10 am) skydiver :all ouyt of YY long
(07:10 am) taco :nice $ky
(07:10 am) skydiver :thnx to my wife 🙂
(07:11 am) Mitch King:dont tell her sky, she
will have her hand out demanding the money
(07:11 am) skydiver :humm . . I think it’s
too late Mitch —
(07:11 am) Qwert :hahaaha
(07:12 am) skydiver :YY still looks a bit
strong — may have gotten out a bit early
(07:13 am) skydiver :take over chatter on
MCP – low priced stock
(07:14 am) doji :Watch QCOR approaching 70
(07:15 am) doji :Watc at 38hing FB
(07:16 am) doji :Watc FB at 38hing
(07:17 am) skydiver :nice call on BWA micro
short Mitch
(07:18 am) regatta :watching JIVE
(07:20 am) Mitch King:i used the word micro
because i knew you would be fast enough to
handle it skydiver
(07:21 am) skydiver ::)
(07:27 am) Murano :out 3/4 NOW
(07:28 am) skydiver :Good job Murano on NOW
— Need to leave a bit early for brief
meeting . . . will jump on again later – make
lots of $$$ and thanks for great calls !!!
🙂
(07:28 am) Qwert :bye sky
(07:28 am) taco :c ya sky
(07:28 am) skydiver ::)
(07:28 am) Murano :see you sky
(07:28 am) taco :nice call murano NOW
(07:35 am) doji :Watching QCOR
(07:45 am) elisha :thanks Ed for info
(07:53 am) Murano :out last 1/4 NOW
(07:54 am) elisha :pretty big moves on MA
last two days
(08:13 am) Murano :SR has moved from $3 to
over $8.80
(08:13 am) Qwert :CTRP approaching open
price
(08:15 am) Ed :thx murano
(08:15 am) doji :SR was at 100 back in 2004
(08:48 am) Qwert :CTRP new lod
(08:51 am) Ed :nice murano on OCN
(08:51 am) Murano :covered all OCN
(08:55 am) Qwert :OCN a beauty Murano
(08:56 am) Murano :I prefer not to short on a
day when the market is up ovder 100 points
(08:57 am) Murano :The setup on OCN fit my
style
(09:19 am) Murano :CMCSK big volume spike
(09:20 am) Ed :was quick,
(09:21 am) Ed :wonder if those spikes like
that causing by spoofing
(09:22 am) elisha :Ed – what do you mean by
“spoofing’?
(09:24 am) Ed :A specific type of trading
that we have discussed is “spoofing,” which
employs fake orders – those that are never
intended to be filled – in order to entice
others to trade based on this false
information
(09:25 am) Ed :In this type of “trade” an
aggressive HFT manipulator will (for example)
place enormous buys under the current price,
after they have sold short. The enormous
bids under the current market are fake of
course, which is how this scam works. The
purpose of this scam is to entice other
people, and other algorithms, to buy because
they can see the huge bids under the current
price. The thought buy people and the code
of algorithms are to buy NOW before the lower
bids creep higher or “go to the market” and
it races higher without them. They don’t
want to be left behind. Specifically, they
trade because of those big orders below the
market, but unbeknownst to them – they are
all spurious
(09:25 am) Ed :What happens when these huge
orders, which many have specifically traded
on, have disappeared? When they are
cancelled, the exact reason for the other
people and algorithms that caused their
purchases, are gone! They will then exit
their longs by selling, which creates an
instant profit for the original illegal HFT
program.
(09:26 am) Ed :Cancelling the intentional
fake orders creates a vacuum and the market
quickly drops. Once there were thousands of
buy orders under the market and a microsecond
later they have vanished, which makes it easy
for the market to drop.
(09:27 am) Ed :Th good part is that the SEC
has busted some firms and being aggressive
about it unlike in pass
(09:28 am) elisha :wow thats mean and sounds
unethical. Thanks for the explaination Ed
(09:29 am) regatta :watching NQ
(09:29 am) Ed :It is, and its only few bad
apples, the good also, is that it is being
caught and prosecuted. For long time peeople
on floor kept saying it was happening, but no
follow up, things have changed as far as
follow up, and prosecution
(09:31 am) Mitch King:i wish you wouldnt call
me a bad apple Ed. rotten tomato sounds
better
(09:31 am) Ed :lol
(09:31 am) Mitch King:good stuff though
(09:33 am) Ed :Newedge was busted and Panther
Energy tradig
(09:33 am) Murano :SR over $12
(09:34 am) Ed :up $3 since u mentioned
(09:34 am) Ed :good getting more appetite for
risk
(09:35 am) Murano :SR lost 80 cents per share
this last quarter
(09:36 am) Ed :interesting, up over 320% so
far
(09:36 am) doji :It was over$100 back in
2004
(09:37 am) herman :apol
(09:37 am) Murano :SR bought Workflow One for
$218 Million
(09:38 am) Ed :Im sure the folks that bought
in 90″s are saying I new it would finally
bounce
(09:38 am) Ed :it will turn their despair to
hope again
(09:39 am) Ed :when they here see the news on
it
(09:39 am) Murano :SR only lost 9 million
last year, 87 million loss the year before.
They are making progress!!!
(09:40 am) Ed :they get to 0 will be great
(09:40 am) regatta :watching MDCI, low
price, low vol
(09:48 am) Murano :covered all AVP
(09:49 am) taco :nice murano
(09:51 am) Murano :small position Taco but it
worked
(09:51 am) taco 🙂
(09:51 am) regatta :YPF watching
(09:53 am) taco :did you short it on loss of
S3 murano? AVP
(09:54 am) Murano :not the first loss of S#
when it couldn’t get back over I shorted 300
shares at 22.18. Covered at 21.50
(09:55 am) Murano :S# = S3
(09:55 am) taco :nice thx, right
(09:55 am) doji :The loss of S1 was also
nice(r)
(09:56 am) Murano :It wasn’t on my radar at
that time
(10:02 am) regatta :watching AN
(10:10 am) regatta :watching WCN
(10:11 am) regatta :WNC not WCN
(10:17 am) Ed :need 1 more good trade setup,
or 2, or 3, or 4, or 5, infinite
(10:17 am) Ed :baby need some shoes
(10:18 am) taco 🙂
(10:20 am) Murano :SBH missed earnings
estimae by 1 cent and they are getting
hammered
(10:21 am) Ed :must have been high
expectations for stock
(10:24 am) taco :she’s road tripping
(10:25 am) regatta :watching MON
(10:25 am) Ed :she been on vacation, son got
marrie, and think one graduated also
(10:25 am) Ed :married
(10:32 am) so :WLT low for the day
(10:35 am) Murano :SBH was not close to
bottom….
(10:41 am) doji :SBH long at 26.19
(10:50 am) Ed :nice going doji
(10:51 am) Murano :out 3/4 SBH
(10:51 am) Murano :stop at 26.40 last 1/4
(10:51 am) Qwert :nice murano
(10:52 am) Qwert :and doji
(10:52 am) doji :still holding full position
Murano
(10:52 am) Murano :I am not that brave
(10:53 am) Murano :It may get close to 27
(10:53 am) skydiver :nice Murano and doji
(10:56 am) doji :Al out
(10:56 am) doji :all
(10:58 am) Murano :stopped last 1/4 SBH
(10:59 am) skydiver :thnx Murano for SBH and
Qwert thanks for PHH
(11:02 am) doji :SPY at hod
(11:13 am) regatta :watching TEAR
(11:17 am) regatta :watching SPWR
(11:17 am) doji :QCOR approaching $70 again
(11:22 am) doji :Tripple top in QCOR
(11:22 am) doji :in the last hour
(11:22 am) Qwert :PRU is just a beautiful
chart
(11:32 am) skydiver :nice on PRU qwert
(11:34 am) Murano :S3 is 29.50 on OHI
(11:37 am) doji :Watching NFLX near $250
(11:37 am) Murano :SR at 16.65
(11:40 am) Ed :take the forefrunt of USU
(11:40 am) Ed :forefront
(11:42 am) skydiver :Been brief but nice. .
. see you all tomorrow morning — 🙂
(11:42 am) Ed :c ya sky
(11:43 am) Qwert :bye sky
(11:43 am) Murano :see you sky
(11:43 am) taco :bye sky
(11:48 am) Qwert :Solar stocks selling
(11:48 am) Ed :was looking at that
(11:56 am) Murano :out all OHI
(11:57 am) doji :PRU slowly driting down
(11:57 am) doji :HEy Murano, I was to break
and rebound from 29.5… didn;t like the
price and volume action although
(11:57 am) doji :I was waiting for
(11:58 am) herman :prft
(11:58 am) Murano :you didn’t miss much doji
(11:58 am) doji :I didn’t like the price
action in PRU but I short it… lol
(11:58 am) doji :when it couldn’t rebound
above 83.1
(12:00 pm) Murano :RYL getting some volume
now
(12:02 pm) Murano :SWI is solar at hod
(12:06 pm) doji :like the action RYL
(12:07 pm) Murano :RYL should get a good
bounce
(12:08 pm) doji :at 200d MA
(12:13 pm) doji :Missed RYL, had to answer
the phone… dammm
(12:13 pm) doji :Not a strong rebound so
far… see no momentum…
(12:13 pm) Murano :weak so far but looking
for 39.80
(12:13 pm) doji :It could get back to $40
although…
(12:14 pm) doji :PP = 39.7 first
(12:14 pm) doji :QCOR on its 5th attempt to
break $70
(12:16 pm) Murano :out all RYL
(12:16 pm) Murano :should have taken some off
at the PP
(12:26 pm) doji :Did someone short NFLX at
the double top?
(12:27 pm) Qwert :i didnt doji but it would
have been nice 🙂
(12:29 pm) Ed :i was trying to find shares
(12:30 pm) Ed :I have to stop using brokers r
us
(12:31 pm) Murano :done for the day, see you
tomorrow
(12:31 pm) taco :u got a free pair of shoes
when u open an acct tho:)
(12:31 pm) Ed :yep lol
(12:31 pm) Ed :c ay murnao
(12:31 pm) taco :bye murano
(12:31 pm) Qwert :and 2 taco’s from jack in
the box
(12:31 pm) taco :lol
(12:32 pm) Ed :lol
(12:32 pm) Qwert :do they have jak n the box
where you live ED
(12:32 pm) Qwert :jak=jack
(12:32 pm) Ed :not anymore, they been gone
for years
(12:33 pm) Qwert :always liked there tacos
and they dont even have real meat in them
(12:33 pm) Ed :now u tell me
(12:35 pm) doji :lol
(12:37 pm) doji :It looks like the SPY will
close near the hod…
(12:38 pm) Qwert :Gonna go a little early
Celebrating 2 years Cancer Free for my
Daughter, Taking her wherever she wants for
lunch, cya all in the am
(12:38 pm) Qwert :maybe Jack n the Box
(12:38 pm) doji :hahah
(12:38 pm) taco :lol cya qwert, congrats!
(12:38 pm) doji :Have a wonderful lunch
Qwert
(12:39 pm) doji :and send the bill to
Mitch!
(12:39 pm) Ed :c ya qwert
(12:40 pm) Qwert :Mitch is already paying for
it, because of him and this room I can afford
to take her out to lunch and even pay for all
those stinking hospital bills
(12:41 pm) Qwert :So Thank You Mitch
(12:42 pm) Ed :thank you Mitch for affording
qwert to fly the room members to cali and
have lunch
(12:42 pm) Qwert :hahahahaaha I rerally have
to go now
(12:42 pm) taco :thanks Mitch, Ed ,Diosna
and everyone. lol
(12:42 pm) Ed :c ya qwert taco
(12:43 pm) taco :i’m off to the west coast
and will be here when i can over next 2 wks
(12:43 pm) Ed’s assistant :see you taco and
qwert
(12:43 pm) Ed ::)
(12:44 pm) herman :fb
(12:44 pm) Ed :thx hermn
(12:46 pm) doji :Big sell orders in FB…
dumping ahead of LNKD ER?
(12:53 pm) doji :Good night fellas
(12:54 pm) Ed :good night doji
|
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