[06:23 am] Kris : Good Morning Traders
[06:24 am] Kris : STI, HIG, IVZ, BBL, AN,
CSCO, SODA, AIG and NVS for short trades
[06:24 am] Kris : Today I’m watching ABX,
ACM, CENX, CHKP, HAL, SFSF, TAL, FFIV and
NWSA for possible long setups
[06:24 am] Kris : Yeah, lucky us mhaus[06:26
am] Brent : good morning
[06:29 am] Kris : 1 minute. Time to
Rock!!!!
[06:31 am] Kris : SODA short half position
[06:32 am] Kris : NWSA long half position
[06:33 am] Kris : CREE long half position
[06:33 am] Kris : out half SODA short
[06:34 am] Kris : over 114
[06:34 am] Kris : SPY making new high
[06:35 am] Kris : watching QNST for a
short
[06:36 am] Brent : watching IAG for a long
[06:36 am] Kris : out half CREE long
[06:36 am] Kris : QNST needs another 6-10
minutes up before I’ll start shorting it,
resistance around 14
[06:37 am] Kris : out another 1/4 CREE
long
[06:37 am] Kris : watching COV for a short,
resistance around 47.50
[06:38 am] Kris : NWSA could be a good short
eventually once we’re out of this long
[06:38 am] Kris : out half NWSA
[06:39 am] Kris : watching FNSR for some
consolidation under 14.50 and then a break to
new highs.
[06:40 am] Kris : CELG long half position
[06:40 am] Kris : NBR short under 18.13
[06:40 am] Kris : out all CREE long
[06:41 am] Kris : FFIV long over 76.67
[06:41 am] Kris : stopped last piece NWSA
long
[06:42 am] Kris : DNDN short under 9.77
[06:43 am] Kris : TLT long
[06:44 am] Kris : out half DNDN short
[06:46 am] Brent : long half IAG
[06:46 am] Kris : spy trying to bounce
[06:47 am] Kris : CVS long
[06:47 am] Kris : GS long
[06:48 am] Brent : stop IAG under 18.58
[06:48 am] Kris : ENOC short
[06:50 am] Kris : market acting weak
[06:50 am] Kris : out all TLT small profit
[06:51 am] Kris : out another 1/4 DNDN
short
[06:52 am] Kris : out all DNDN short
[06:52 am] Kris : out half ENOC short
[06:53 am] Kris : anyone have SODA short?
[06:53 am] Kris : I should have known
[06:53 am] Kris : lol[06:54 am] Kris : COH
short
[06:56 am] Kris : out another 1/4 ENOC
short
[06:56 am] Kris : short STLD under 11.94
[06:56 am] Kris : SPY trying to lose 113
[06:57 am] Kris : watch for GS to break a new
hod[06:58 am] Kris : AOL long half
[06:58 am] Kris : needs to get through 114,
then over hod.
[06:58 am] Kris : SPY tyring to break
trend
[06:59 am] Kris : IL long small position
[07:00 am] Kris : push
[07:00 am] Kris : there she goes
[07:01 am] Brent : closing IAG at break even,
done with it
[07:01 am] Kris : CTCT long half position
[07:01 am] Kris : I love it. DIE SODA
[07:01 am] Kris : SODA fizzling
[07:02 am] Kris : RENN moving up on
speculation they’ll beat earnings tonight
[07:04 am] Kris : next up hod around
114.50
[07:04 am] Kris : prefer MRVL over 12.44
long
[07:04 am] Kris : SPY broke 114
[07:04 am] Kris : would like some
consolidation in MRVL before takign it long
here.
[07:05 am] Kris : FNSR long half position
[07:05 am] Kris : wait for pullback in FNSR
to add
[07:06 am] Kris : out half CTCT long
[07:07 am] Kris : ENOC still weak
[07:10 am] Kris : IPSU short half position
[07:12 am] Kris : BA short
[07:13 am] Kris : out half AOL long
[07:13 am] Kris : SPY still hitting it’s
head
[07:13 am] Kris : tight stop on second
half
[07:14 am] Kris : next support down in the
mid 46’s
[07:14 am] Kris : watch for a weak bounce and
then short the new low in SODA
[07:15 am] Kris : look for FNSR new hod[07:16
am] Kris : SPY near hod[07:17 am] Kris : look
who showed up today
[07:17 am] Kris : SPY new hod[07:17 am] Kris
: well well[07:18 am] Kris : this won’t help
that soda short but be patient
[07:20 am] Kris : out half CVS long
[07:22 am] Kris : CVI long half
[07:23 am] Kris : no gene but I’ll have to
take a look. always interested in more trade
setups.
[07:24 am] Kris : out half CVI long
[07:25 am] Kris : anyone still long IL?
[07:25 am] Kris : IL moving up
[07:25 am] Kris : out another 1/4 CVS long
[07:25 am] Kris : reduce if you’re still
short SODA here, market holding up
[07:26 am] Kris : candelashed[07:26 am] Kris
: SPY breaking 115
[07:27 am] Kris : SODA come on down
[07:27 am] Kris : SPY next resistance around
116, we should get a correction soon
[07:28 am] Kris : I’m watching EEV for a
short
[07:29 am] Kris : CMA short
[07:29 am] Kris : PNRA long over 104.15
[07:29 am] Kris : that’s it joey!
candelashing. call investopedia.
[07:30 am] Kris : I’m half sized in CMA
short
[07:31 am] Kris : SATS short
[07:32 am] Kris : GAS long
[07:33 am] Kris : if we continue to get
consolidation in the SPY I’ll be getting
tight on my shorts
[07:34 am] Kris : COST long half position
[07:34 am] Kris : watching TI for a short,
would like one more move up into 12.00
area
[07:37 am] Kris : CMA moving down
[07:37 am] Kris : was anyone able to get SATS
short?
[07:38 am] Kris : market still looking strong
here. tight stop wouldn’t hurt.
[07:38 am] Kris : ok, be cautiou
myrontay[07:38 am] Kris : or some early small
profit.
[07:39 am] Brent : I need to reboot,
brb[07:40 am] Kris : GAS and COST moving
up
[07:41 am] Kris : at least reduce here
myrontay and then tight stop
[07:42 am] Kris : looking for my first target
on GAS here soon
[07:42 am] Kris : stop rest at around .43
[07:44 am] Kris : ok, we’re coming into a
point here with the SPY and the rising
trendline. long is still the trend but keep
your eye on that trendline it’s building
[07:45 am] Kris : TI coming into that short
area I was looking for
[07:46 am] Kris : BCX long small position,
it’s a little thin so I won’t go big but
worth a trade
[07:48 am] Kris : FFIV long
[07:48 am] Kris : starting with half FFIV
[07:49 am] Kris : MRVL long
[07:50 am] Kris : out half COST long
[07:51 am] Kris : SPY coming into 116, watch
for solid resistance in this area.
[07:52 am] Kris : CAK long half position
[07:52 am] Kris : welcome back bert[07:53 am]
Kris : CAKE
[07:53 am] Kris : CAKE long half position
[07:53 am] Kris : if you got long CAK look to
take your 2 tick profit here.
[07:53 am] Kris : lol[07:53 am] Kris : not
CAK
[07:54 am] Kris : CANDELASHED
[07:55 am] Kris : TI short small position
[07:57 am] Kris : he’s just not the same
since he left seinfeld[07:57 am] Kris : SODA
still down down down[07:58 am] Kris : look to
cover some TI short here
[07:58 am] Kris : move down your stop on TI
to BE
[07:59 am] Kris : long CAKE and short SODA.
If you gotta choose. Choose Cake.
[08:00 am] Kris : ok, we’re coming into
support area on SPY here soon.
[08:00 am] Kris : see if we can hold this
trend
[08:01 am] Kris : AGL long half
[08:01 am] Kris : I SMELL COFFEE
[08:04 am] Kris : SPY bouncing here
[08:05 am] Kris : then we’ll start taking
profits.
[08:05 am] Kris : watch for a new hod
breakout in SPY along with these longs we
have
[08:06 am] Kris : AGL looks good
[08:06 am] Kris : CAKE still feel like it has
upside
[08:06 am] Kris : same with MRVL
[08:07 am] Kris : FFIV consolidating, if it
can move over it’s hod should have a nice
little run.
[08:07 am] Kris : SPY needs
[08:07 am] Kris : SPY news to break that high
or I’ll be tight and/or taking profits on my
longs.
[08:08 am] Kris : my average is .48
[08:09 am] Kris : come on SPY, you can do
it
[08:10 am] Kris : just in case we need to
switch gears
[08:10 am] Kris : moving stop on AGL to BE
[08:10 am] Kris : ok, let’s start looking for
good potential shorts to make a list.
[08:12 am] Kris : my longs here
[08:14 am] Kris : WAG SHORT
[08:15 am] Kris : and support line
[08:15 am] Kris : SPY trying to break
trendline[08:18 am] Kris : SODA new lows
[08:20 am] Kris : could be a good long off
that bottom with a tight stop but has to
setup right first.
[08:20 am] Kris : yes, SODA may turn into a
long eventually, look for a rounded bottom in
the early afternoon.
[08:21 am] Kris : PNRA holding up
[08:21 am] Kris : tight consolidation in OAS
here just under resistance.
[08:21 am] Kris : watch OAS for a breakout to
new HOD for a possible long trade.
[08:22 am] Kris : is anyone still short
TI?
[08:23 am] Kris : very nice rosmag! you got
it handled.
[08:24 am] Kris : AZN long half
[08:24 am] Kris : yeah, careful with that
next time scalpman.
[08:25 am] Kris : TD long half position
[08:26 am] Kris : could get some acceleration
here
[08:26 am] Kris : WAG moving down
[08:27 am] Kris : good patience junior
[08:29 am] Kris : SCHW short
[08:34 am] Kris : looking for another move
down in WAG soon
[08:36 am] Kris : 34.07 first target WAG
short
[08:36 am] Kris : SCHW moving down
[08:44 am] Kris : out half WAG short
[08:53 am] Kris : WAG giving a weak bounce. I
have 1/4 left of WAG short, gonna look for
another new low
[09:05 am] Kris : BAM long half position
[09:08 am] Brent : watching ASIA for a
bounce
[09:12 am] Kris : out all WAG short
[09:16 am] Kris : Target on BAM long is
29.24
[09:20 am] Kris : SPY continuing to
consolidate, watch for a break above hod or
below 114.70
[09:22 am] Kris : watching RMBS for a long,
will probably wait for the market to make up
it’s mind on direction first before taking
it.
[09:31 am] Kris : BAM testing hod[09:33 am]
Kris : come on BAM, hit my target
[09:34 am] Kris : no babak
[09:35 am] Kris : bert switched out on us
[09:35 am] Kris : esignal 11 stocknut[09:35
am] Kris : nevermind[09:35 am] Kris :
sorry
[09:35 am] Kris : that’s ninjatrader[09:36
am] Kris : he and I both
[09:40 am] Kris : I like ibuypower and
cyberpower. That one rusty posted is good
too. You might check with him for a
discount.
[09:41 am] Brent : have a great night
myrontay[09:41 am] Kris :
http://www.magicmicro.com
[09:42 am] Kris : my pleasure. have a great
day myrontay[09:42 am] Kris : SPY trying to
break hod[09:44 am] Kris :
http://www.blueaurapc.com/
[09:44 am] Kris : I think that’s the site.
[09:49 am] Kris : BAM lagging here. Moving
stop to BE.
[09:51 am] Kris : Do you guys know what a
busted trade is?
[09:52 am] Kris : cause it’s been a while
since we talked about it
[09:52 am] Kris : it’s usually on very fast
moving trades
[09:52 am] Kris : just checking with the new
people in the room
[09:52 am] Kris : the market can bust your
trade after the fact.
[09:53 am] Kris : and close out with a huge
gain
[09:53 am] Kris : but let’s say bad news
comes out on a stock and it starts to fall
[09:53 am] Kris : but your cover order is
honored
[09:53 am] Kris : so now you’re long on this
piece of crap
[09:53 am] Kris : the market can bust your
first short trade
[09:53 am] Kris : they say it was due to some
technical error
[09:53 am] Kris : you grab it short
[09:54 am] Brent : they usually pick a range
of prices. All orders within that range are
busted. Everything outside of it is
honored
[09:54 am] Kris : and probably under water
instead of a huge gain.
[09:54 am] Kris : right brent[09:54 am] Kris
: yup
[09:55 am] Brent : I’ve had it happen once.
But both entry and exit were busted
[09:55 am] Brent : same stock I think
Kert[09:55 am] Kris : both orders we
cancelled
[09:55 am] Kris : it’s only happened to me
once
[09:55 am] Kris : rarely and you have to be
trading these very very fast spikes
[09:55 am] Kris : right
[09:55 am] Kris : same here
[09:55 am] Kris : so you are punished for
being faster than all the other traders
[09:56 am] Brent : Etrade[09:56 am] Brent :
had to throw Etrade under the bus again
[09:56 am] Brent : lol, I was kidding
[09:56 am] Kris : don’t joke about
etrade[09:56 am] Kris : I think the market
makes the brokers bust the trades brent[09:56
am] Kris : it’s rare
[09:56 am] Kris : lol[09:56 am] Kris :
nasdaq[09:56 am] Kris : nyse[09:56 am] Kris :
right candelas
[09:56 am] Kris : whatever market the
instrument trades on
[09:57 am] Kris : all those swing traders
triggering stops
[09:57 am] Kris : huge wave of selling
[09:57 am] Kris : more customers
[09:57 am] Kris : they get all their
positions back
[09:57 am] Kris : think about it
[09:58 am] Kris : I think that’s why many who
trade futures prefer to do it on a futures
specific broker.
[09:58 am] Kris : so they don’t get the short
end of the candelas
[09:59 am] Kris : SPY moving into 117
territory
[09:59 am] Kris : Zaner[10:00 am] Kris : I
think we have a deal worked with them for
lower commissions.
[10:00 am] Kris : if you go to zaner let them
know you are from TradeStocksAmerica
[10:01 am] Kris : break time. be back in 30
minutes
[10:01 am] Kris : I am now flat
[10:38 am] Kris : this is that rounded bottom
in SODA I was talking about
[10:39 am] Kris : resistance is at 46.00
[10:39 am] Kris : you could start with a
small piece and add on a pullback in SODA
[10:41 am] Kris : guess I picked a good time
for soda long.
[10:41 am] Kris : lol[10:49 am] Kris : it’s
gonna be a slow roller
[10:49 am] Kris : maybe 45.75 steve
[10:53 am] Kris : SPY trying to move up
again, been holding support all day.
[10:59 am] Kris : looking for soda to push
through here
[11:13 am] Kris : pushed through 117
[11:13 am] Kris : SPY new hod[11:15 am] Kris
: come on SODA, you can do it
[11:17 am] Kris : come to papa
[11:17 am] Kris : out half SODA long
[11:18 am] Kris : candelas, you’re fired
[11:18 am] Kris : you guys all know to use
limit orders except on your stops, right?
[11:20 am] Kris : boom
[11:20 am] Kris : come on baby
[11:20 am] Kris : man I hate trading
[11:20 am] Kris : order at .75
[11:20 am] Kris : this stinks
[11:22 am] Kris : steve, you take some off
soda long?
[11:24 am] Kris : what would you like me to
explain topdog?
[11:25 am] Kris : it will be important for us
to push through this level today or tomorrow
if we’re gonna see higher highs soon.
[11:25 am] Kris : SPY near highs from
Tuesday
[11:26 am] Kris : Bert is retiring so we’ll
need someone new to walk mitch’s dogs
[11:26 am] Kris : great job steve
[11:26 am] Kris : ok, you guys ready for a
lesson?
[11:36 am] Brent : yes 46.44
[12:06 pm] Brent : ASIA moving
[12:08 pm] Brent : I’ll keep watching it but
not looking to short it now, I would want to
see it move higher with increased volume
[12:23 pm] Brent : I’m more inclined to
follow Mitch’s lead on this one vans, hold
and maybe glance at it a time or two in the
day
[12:29 pm] Brent : take care joeytsa[12:38
pm] Kris : 3 more minutes and I’ll take down
the poll on the webinar.
[12:38 pm] Kris : We’re looking at a possible
date range from the 21st to the 25th on the
webinars depending on how we structure the
schedule.
[12:39 pm] Brent : have a great night
rd[12:39 pm] Kris : Good luck rd! See you
Monday.
[12:40 pm] Kris : yes, we’ll have a recorded
version available Matt
[12:40 pm] Kris : you’re fine VAN’s. Sit on
your hands and look at a different chart.
[12:41 pm] Kris : right clicking over the ATM
mhaus?
[12:41 pm] Kris : September
[12:42 pm] Kris : I’ll have to call them
cause I don’t see it mhaus[12:42 pm] Kris :
we’re you able to adjust it?
[12:44 pm] Kris : what looks hard to use?
[12:45 pm] Kris : awesome job mikewd2
[12:45 pm] Kris : I thought NT was fairly
simple but I’m a computer guy
[12:45 pm] Kris : personally on platform
learning curve, I think TS is the most
challenging.
[12:46 pm] Kris : on the webinars I’m gonna
show why I love ninjatrader[12:46 pm] Kris :
software me too sonorant
[12:47 pm] Kris : and we broke that Tuesday
high resistance
[12:47 pm] Kris : if we close near the highs
it’s a good sign
[12:47 pm] Kris : next resistance is gonna be
near 120.00 on SPY
[12:48 pm] Kris : pick one and stick with it
sonorant
[12:48 pm] Kris : Thanks everyone who voted
on that poll
[12:53 pm] Brent : ask those guys if they
still held through the drop yesterday on
those long swings?
[12:53 pm] Brent : tell them the market
should start building some momentum the next
few days on to the upside
[12:53 pm] Brent : this is from Mitch
[12:54 pm] Brent : there may be a small
pullback in the morning after such a big run
today but we should see higher highs
[12:55 pm] Brent : the reason why we had such
a big pullback yesterday is there were
rumors, credible rumors that France was going
to be downgraded by Standard Poors from their
AAA status so that had a stronger fear factor
that previous news out of Europe
[12:57 pm] Brent : But as the market gets
used to all these “fear factors” it
eventually moves up after the ideal chart
pattern as we have developed and I still
believe the bottom is in from a couple days
ago on that highest volume down day.
Yesterday we had higher volume than I
expected but that was the France rumor and
now that people are getting used to that,
there are fewer sellers and more buyers and
that “teeter-totter” relationship is now
weighed toward the buyers and should continue
for quite some time
[01:01 pm] Brent : have a great night
everyone. I’m still retrieving a message
from the other side if you want to hang
around
[01:01 pm] Kris : auto-correct not so
smart
[01:01 pm] Kris : Enjoy your evening and I’ll
see you guys in the morning bright and
early.
[01:01 pm] Kris : Good job today everyone.
Awesome trades, made money and we all had
some fun too.
[01:01 pm] Kris : That’s what it’s all
about.
[01:01 pm] Kris : vulture
[01:02 pm] Brent : Tell them that I worried
about them because I figured most of them
would have allowed fear to control their
behavior and sell those long swings. It was
more of a drop than expected but the
principle is the principle is still the same.
I had asked myself this question while
flyfishing for salmon all day yesterday. Is
this France rumor “new news” or is it a
version of the same news we have been hearing
for weeks
[01:04 pm] Brent : and it is a version of the
same news with a little twist to it. Maybe a
lemon twist, lol. That’s why I said a couple
days ago that by the time people all feel
warm and fuzzy about the market again, it
will be too late to get good prices. You
want to be buying when people are panicking
and you want to be selling when people are
overly proud of themselves and patting
themselves on the back for buying stocks
long. We buy at the peak point of despair
and panic and sell at the height of
enthusiasm
[01:04 pm] Brent : we should get more
momentum up next week but not as big of a
move up as today, only more incremental
gains
[01:07 pm] Brent : Mitch has one more thing
to say
[01:13 pm] Brent : I received an email
yesterday from a subscriber, who also
attended a seminar in the last 18 months.
And he said he can’t handle this anymore so
I’m selling all my stocks and buying gold
coins. And he seemed to feel better now that
he made that decision. And I am going to
tell you all now, even though he may read
this. This is the perfect example of the
human emotions which are the absolutely worst
thing to do at the worst time. Do we make
good decisions in the financial markets based
on making us “feel good”? No, no no. That
thought process is a guaranteed way to fail,
100% guaranteed. It describes what I said 2
days ago to you and again today. I know it’s
difficult to trade against your feelings. If
you want to feel good about something, make a
lot of money the right way and give some of
your money away to charity or your church or
orphanages, all of which are important
[01:14 pm] Brent : he’s still typing,
lol[01:15 pm] Brent : he just went offline
[01:15 pm] Brent : oops, I think he lost
internet, lol[01:17 pm] Brent : hasn’t come
back up yet.
[01:17 pm] Brent : he went offline
|
[06:12 am] mikewd2 -: bought some more TNA
pre-market at 37.90
[06:13 am] mikewd2 -: yeah, and I’m hoping to
clean up on my CSCO leaps
[06:13 am] joeytsa : might get a quick pop
mike
[06:13 am] joeytsa : CSCO had good earnings
call
[06:13 am] mikewd2 -: yeah up 1.7
pre-market
[06:14 am] mikewd2 -: with lots of upgrades
and target of 22
[06:14 am] mikewd2 -: i bought jan ’13 $10
options with almost no time value cost
[06:14 am] joeytsa : margin rates changing
on gold..sold off quickly after the
announcement
[06:15 am] mikewd2 -: hopefully the upgrades
will make the time value go higher than
0.50
[06:15 am] joeytsa : yeah..back in 2000 its
low was 35
[06:15 am] joeytsa : i remember when CSCO
was a high flyer
[06:16 am] mikewd2 -: I’ve been betting on
CSCO comeback for a year, losing lots of
money – hopefully i can recover
[06:16 am] joeytsa : hope and change? 🙂
[06:17 am] truck : CME , changed margin
requirements
[06:17 am] joeytsa : something going on with
French banks too
[06:19 am] mikewd2 -: they have a buyout at
67’ish from ESRX
[06:19 am] mikewd2 -: anyone been buying MHS
for a longer term trade
[06:19 am] lisas : Sonorant, margin
requirements are for futures traders
[06:19 am] joeytsa : OTEX gap down big
[06:20 am] sonorant : Thanks lisas, I just
googled it. Very interesting play by the big
boys.
[06:21 am] sonorant : lisas, are you trading
primarily futures?
[06:21 am] candelas : I set up my hex stand
for monitors, and using today feels weird
[06:22 am] joeytsa : gap up AAPL,KS,CSCO
[06:23 am] joeytsa : gad down
SODA,OTEX,GOLD
[06:25 am] stevemld : what size monitors
candelas
[06:25 am] candelas : 4 @ 23″ and 2@19″
[06:26 am] candelas : meant 23″
[06:26 am] candelas : 4@23″
[06:29 am] mikewd2 -: TNA looking good
[06:32 am] stevemld : MOS
[06:32 am] duckfan : DE
[06:35 am] joeytsa : GOLD spiking
[06:36 am] mhaus : BVN s
[06:40 am] joeytsa : swing/int idea..if GS
can rise up to its 20sma..might be worth a
short..long term chart looks ugly
[06:40 am] apple : there’s NBR again…
[06:43 am] joeytsa : APPL steadily moving
lower
[06:46 am] stevemld : Duckfan thnks for the
DE alert
[06:46 am] duckfan : No problem
[06:50 am] myrontay : yes i was hoping for
it to be stronger
[06:50 am] joeytsa : negative divergence on
GS on last 2 tops
[06:51 am] joeytsa : GS seems to
trade/follow SPY
[06:53 am] joeytsa : nice trade on DNDN
Kris
[06:53 am] joeytsa : 1 share?
[06:53 am] candelas : yes
[06:53 am] candelas : 2 funny
[06:53 am] candelas : trailing last 1/4 soda
short
[06:54 am] joeytsa : OTEX looking weak
[06:54 am] candelas : u got it
[06:56 am] joeytsa : FSLR dropping
[06:58 am] joeytsa : SPY up…GS up
[06:58 am] joeytsa : nice trade candelas
[06:58 am] dmitry : watching ABX
[06:58 am] candelas : thx
[06:58 am] candelas : out last 1/4 soda
50.63
[06:58 am] apple : you are amazing
candelas
[06:59 am] candelas : i learned from the
bestess[07:02 am] apple : SODA is good for
you – thx K
[07:03 am] candelas : soda is streaming 2
downside
[07:04 am] myrontay : soda pop
[07:04 am] joeytsa : GS at hod[07:09 am]
eyes-inthenow : brent we give up and there
she goes LOL
[07:11 am] apple : eyes – did you get
SODA
[07:12 am] myrontay : soda reversing?
[07:15 am] eyes-inthenow : no
[07:16 am] joeytsa : all 10 s7p sectors up
so far
[07:16 am] eyes-inthenow : i wish i did
[07:17 am] myrontay : YEAH GO SPY
[07:17 am] eyes-inthenow : Nice Call Kris
[07:21 am] gene -: Good morning,
[07:22 am] gene -: i was on but had to
restart my computer. Kris, do you use
tradestation hot lists? seems good ideas
right out of the gate
[07:26 am] candelas : luv it
[07:26 am] candelas : 1 share
[07:28 am] joeytsa : 1 share bought on
margin 🙂
[07:30 am] mikewd2 -: nat gas inventories,
increase 25 BCF less than expected
[07:33 am] apple : be careful
[07:36 am] gene -: spy looks like peaked and
froze?
[07:36 am] eyes-inthenow : Is everyone
getting out the press
[07:36 am] candelas : great call on soda
Kris
[07:37 am] myrontay : Kris I’m on sats short
@25.34
[07:37 am] mikewd2 -: unfortunately no
[07:37 am] candelas : missed the call, had
to take a call
[07:38 am] myrontay : sats bouncing now
[07:38 am] mikewd2 -: XOM stock halted
[07:39 am] mikewd2 -: XOM back trading
[07:41 am] myrontay : should i close out
SATS?
[07:42 am] myrontay : ok
[07:44 am] rusty : NKA radar
[07:53 am] myrontay : i was just about to
key in and u said that
[07:54 am] candelas : thx Krisa purchases
million shares and can’t sell
[07:54 am] candelas : i really meant Kris
[07:55 am] rusty : NKA lod[07:55 am] lisas
: one share, a million shares, what’s the
difference
[07:56 am] mikewd2 -: Cramer stating on CNBC
that we will retest the low levels
[07:57 am] stevemld : die SODA
[07:58 am] myrontay : lol[07:58 am] myrontay
: i am very upset about missing soda
[07:58 am] mikewd2 -: no shares to short at
etrade or td, bummer
[07:58 am] eyes-inthenow : Apple what was
your average in TNA
[07:59 am] mikewd2 -: eyes, mine is 38.83
[07:59 am] apple : 39.76 because I had
problems otherwise it would have been a lot
less
[08:00 am] rusty : cake and soda….brb I
have to take my insulin
[08:00 am] myrontay : lol kris[08:00 am]
mikewd2 -: taking some profit on TNA, then
buy on the dips – would like to hold most
until 60 per Mitch
[08:00 am] lisas : apple, that’s still good
given should retrace about 20 points
[08:00 am] eyes-inthenow : I am all out
looking to reenter
[08:00 am] apple : lol K
[08:00 am] apple : cute rusty
[08:01 am] mikewd2 -: good one rusty
[08:01 am] eyes-inthenow : AOL looking
Good
[08:01 am] apple : how about JVA?
[08:04 am] rusty : NKA bounce
[08:04 am] apple : SODA still going
down….wow
[08:05 am] myrontay : kris – comment on
current open short positions?
[08:05 am] eyes-inthenow : Are you in Soda
Apple
[08:07 am] apple : yes
[08:08 am] mikewd2 -: Kris what was your
entry price on FFIV
[08:08 am] eyes-inthenow : good for you
[08:09 am] eyes-inthenow : call me latter
[08:09 am] apple : sure
[08:09 am] apple : quick this morning…
[08:11 am] myrontay : soda lol[08:15 am]
myrontay : spy breaking down
[08:17 am] stevemld : MRVL not looking
good
[08:18 am] dmitry : Kris what are you doing
to soda? lol[08:19 am] myrontay : CAKE
holding
[08:19 am] mikewd2 -: was there news on SODA?
will it turn into a long at some point
[08:20 am] mikewd2 -: ty[08:20 am] candelas
: earnings premarket
[08:23 am] scalpman : Got in a little
late..
[08:23 am] rosmag : tks kris[08:23 am]
junior : yes still have a piece TI
[08:23 am] rosmag : yes @ 12.11
[08:23 am] scalpman : S TI @ 11.99
[08:23 am] rosmag : last 1/4 w/trailing
[08:24 am] junior : stp at 11.95 TI
[08:26 am] scalpman : WAG S @ 34.37
[08:26 am] rusty : sold NKA
[08:27 am] junior : stopped out TI with last
piece…thanks Kris
[08:28 am] scalpman : All out TI…small
profit…
[08:31 am] rusty : AMCX early radar for
short
[08:31 am] mikewd2 -: DANG
[08:31 am] eyes-inthenow : Did anyone get
AOL S
[08:34 am] qwert : Kris what is your 1st
tgt. for WAG
[08:34 am] myrontay : spy slowly dwindling
imo[08:40 am] Brent : you too anthonyb take
care
[08:40 am] anthonyb : Have a great day guys.
Thanks. See you tomorrow if I don’t go
fishing.
[08:45 am] rusty : TBT hod[08:46 am]
scalpman : OUt 1/2 WAG S
[08:49 am] myrontay : market going
nowhere
[08:53 am] myrontay : i take that back..
lol[08:59 am] candelas : man soo much desk
space now
[09:00 am] candelas : I’ve got my eye on u
soda
[09:01 am] candelas : see if u will round
out a base 4 us
[09:02 am] joeytsa : i like your hex setup
candelas…might need to streamline a bit
more
[09:03 am] scalpman : Bye all. A very good
day. See you tomorrow. Thanks Kris and
Brent
[09:03 am] joeytsa : i might need
[09:03 am] candelas : see u Scalp
[09:03 am] candelas : how many monitors u
have Joey?
[09:03 am] candelas : cool
[09:03 am] Brent : have a good night
scalpman[09:04 am] candelas : tiger is like
in 64th place
[09:05 am] candelas : maybe he is bottoming
also
[09:09 am] Brent : lol, good one
[09:10 am] sonorant : software/computer
issues — when I brought up this trading room
on a different computer I lost the bells
signaling when our fearless leaders gave us
leads. Those chimes make a difference. Have
had to switch back.
[09:10 am] lisas : Tradestation is having a
problem, seems to just be with futures, won’t
close out positions, not recognizing orders
in place. I’ve been on hold with trading desk
15 min. Not Happy!
[09:10 am] candelas : i really don’t think
they want futures biz
[09:12 am] joeytsa : candelas…i have 3
computers..2 with 2 monitors, 1 with just
1..so 5 total
[09:13 am] candelas : ok
[09:14 am] junior : good call ASIA Brent
thank you
[09:14 am] joeytsa : been thinking about
getting a dedicated computer with a quad set
up..then use the others for research
etc[09:15 am] joeytsa : my set up now has my
head turning like i am watching a tennis
match on crack
[09:15 am] joeytsa : i have heard good
things about falcon systems..just not sure if
i want to go that route or not
[09:15 am] candelas : I had 2computers, one
with 3 monitors and other with 2. I finally
bit the bullet and consolidated to 1 computer
with 6 monitors
[09:15 am] Brent : what kind of PC did you
get Candelas? or did you already say
[09:16 am] Kris : like you’re watching 2
tennis players on crack or you’re on crack
watching tennis or both?
[09:16 am] eyes-inthenow : Falcon is what I
have it is Great
[09:16 am] candelas : its a trader 9000 from
blueaura[09:17 am] Kris : I just got
candelished. Now is schwartz is as big as
mine.
[09:17 am] Kris : 32 GIG here I come.
[09:17 am] candelas : lol[09:17 am] candelas
: 16 gig
[09:17 am] Brent : nice
[09:18 am] rusty : just bot a few computers
from these guys http://www.magicmicro.com
very pleased… if you want a discount let
me know
[09:18 am] mikewd2 -: SODA settling down a
bit, maybe it will have a long in its
future
[09:18 am] Kris : when you save that long for
a computer the price usually meets you in the
middle.
[09:18 am] candelas : true
[09:18 am] candelas : or i let technology
force my hand
[09:18 am] candelas : I been saving for 3
years
[09:19 am] candelas : was going to go with
falcon but changed my mind
[09:19 am] candelas : has the I7, yada
yada[09:20 am] eyes-inthenow : my setup for
Falcon is 8 monitors
[09:20 am] candelas : thx for asia Brent
[09:20 am] candelas : that
[09:20 am] candelas : see tha range
[09:20 am] candelas : cool,
[09:24 am] vandy : eyes-in how long have u
had your falcon and what model
[09:24 am] Kris : this market action is
really looking better for the long side at
this point.
[09:24 am] candelas : washed out savy
investors yesterday
[09:25 am] candelas : weak hands day
before
[09:26 am] randall : good call on Asia Bert!
I took a break and missed it.
[09:27 am] stevemld : SODA still really
weak
[09:29 am] mikewd2 -: not breaking lod’s
though
[09:29 am] junior : SWM…kind a thin
[09:30 am] Kris : am I missing something or
are falcons way overpriced?
[09:30 am] candelas : they are
[09:30 am] candelas : great support
though
[09:31 am] candelas : new lod Soda
[09:32 am] sonorant : Finally — fixed it!
Must have working systems!
[09:32 am] Kris : SODA was today’s AOL from
Tuesday
[09:32 am] Kris : no love
[09:32 am] candelas : yep
[09:32 am] candelas : good deal
[09:34 am] vandy : looking for new computer
any suggestions?
[09:34 am] stocknut : What platform is being
used for the plot being showed on this
trading room?
[09:34 am] babak -: ok, Thanks
[09:34 am] babak -: Kris, still in CAKE?
[09:35 am] apple : Q: Where is gecko? Is
he on vacation?
[09:36 am] tennisball : Vandy, my ??? also,
I’m looking to get a new one with dual
video
[09:36 am] lightning : Kris, what computer
brand do you suggest?
[09:39 am] rusty :
http://www.thestreet.com/mad-money/index.html
input SODA – Cramer liked it at 70 5 days
ago – loyal Cramericans screwed again
[09:40 am] stevemld : lol good ole
cramer[09:40 am] lightning : thanks.
[09:40 am] eyes-inthenow : Goodnight
everyone see you all monday[09:40 am]
candelas : if ur looking 4 big company great
support everything in house falcon trading
,if u don’t mind small shop personable touch
blue aura building done in house as well,
small touch everything outsourced eztrading
computers
[09:41 am] myrontay : thnx kris for all the
trades
[09:41 am] myrontay : im off guys adios
[09:41 am] candelas : also, ibuypower,
[09:42 am] myrontay : thnx brent[09:42 am]
myrontay : bye apple!
[09:42 am] eyes-inthenow : Goodnight
everyone see you all monday[09:42 am]
candelas : see ya Eyes, Myrontay[09:42 am]
apple : take care myron – see you
tomorrow
[09:43 am] qwert : see ya eyes you taking a
long weekend?
[09:44 am] qwert : whats an aura box?
[09:44 am] qwert : have fun eyes
[09:44 am] Kris : you got an aura box, right
candelas?
[09:44 am] eyes-inthenow : Yes I got to go
to Salt Lake
[09:44 am] candelas : yes
[09:44 am] apple : bye eyes, have a great
weekend
[09:45 am] qwert : thanks kris[09:45 am]
lisas : Warning to all Tradestation users.
I had a stop in place, when there system when
down, the stop was skipped. It took me 30
minutes to get answered on the trading desk.
They will not cover loss caused by their
system. I’m lucky it was only a little. Some
people lost a lot!
[09:45 am] Kris : box = computer qwert[09:45
am] eyes-inthenow : Take Care everyone
[09:45 am] candelas : it is
[09:46 am] qwert : okay thanks
[09:46 am] Kris : yeah blueaura good pricing
with 3 vid cards and 16 gb ram
[09:47 am] sonorant : lisas, omg — I
suppose that is in the small print of all
those agreements you sign when you apply for
an account. Has anyone else had these kinds
of problems with other brokers/services?
[09:47 am] candelas : i know
[09:48 am] Kris : it’s rare but it does
happen sonorant.
[09:49 am] lisas : corn
[09:49 am] Kris : BAM lagging here. moving
stop to BE
[09:49 am] candelas : was that futures acct.
Lisa?
[09:50 am] candelas : yeah I dont think
support is there for futures acct and
tradestation[09:50 am] candelas :
tradestation[09:50 am] candelas : at
[09:51 am] lisas : I had a stop in the
system and it blew right past it. There is
not a separate trading desk for futures, it
is the same as the equities. I don’t know if
the equity orders had problems, as I didn’t
try changing any of those during that
timeframe.
[09:51 am] candelas : I think they
discourage, as to why margins are so high for
contracts
[09:52 am] tennisball : no, what/
[09:52 am] sonorant : Kris, No (of course
not)
[09:52 am] randall : yes
[09:52 am] lisas : I’m lucky, I only lost
$142 versus making about $200.
[09:54 am] randall : I worked at Smith
Barney and bought $500 worth of calls that
turned into 15K in one week. The firm had an
investment banking relationship with the
company I owned options on and they busted
the trade; it was if the trade never
happened
[09:54 am] candelas : that’s why I mention
it Lisa, there biggest money is made on
equities so support system,etc. is
prioritized that way
[09:54 am] apple : wow, randall, those
sob’s
[09:55 am] sonorant : who is “the market”?
that makes the decision?
[09:55 am] randall : wasn’t happy. That
would have represented more money than I ever
made in the stock market in one week
[09:55 am] mbear : Kris – how often does
that happen in your experience?
[09:56 am] sonorant : What does the market
gain?
[09:56 am] qwert : luckily that hasn’t
happened to me guess I’m just to slow
[09:56 am] mbear : Glad to hear it…I’ll
start breathing normally again now
[09:56 am] lisas : Well, I have an infinity
account, guess I’ll move all my futures money
there.
[09:56 am] candelas : alot of trades got
busted on market crash day
[09:57 am] qwert : wo=wow
[09:57 am] qwert : wo tick just hit 1300
[09:57 am] candelas : yea Lisas u want good
infrastructure and support
[09:58 am] candelas : lol[09:58 am] candelas
: good one
[09:58 am] lisas : Not only that, TS 9.0 is
very unreliable! I just love the charts and
the trade manager/analyzer.
[09:59 am] duckfan : Kris-who would you
recommend as a futures broker?
[09:59 am] duckfan : Do you use Zaner with
Ninja Trader?
[10:00 am] lisas : We had a trial for them
for the seminar, they were good.
[10:01 am] lara : I use Zaner but their
commissions seem high to me
[10:01 am] duckfan : Thanks, good to know
[10:01 am] candelas : alrighty Krissy[10:02
am] sonorant : I am still reeling from these
horror stories. I had just about decided to
use Trade Station 9.0 as it seemed pretty
good.
[10:02 am] duckfan : Lara-are you using
ninja with Zaner?
[10:02 am] candelas : check and see if u
like Amp commissions Lisa
[10:03 am] lisas : I’ll check it out, how is
their service?
[10:03 am] candelas : I have been using
tradestation since 99,
[10:03 am] candelas : great service
[10:04 am] sonorant : I looked at Ninja
Trader on Monday of this week, and the
platform seemed not at all intuitive, the
training materials lousy, and then only email
for support.
[10:04 am] lisas : Sonorant, the charts are
great, it’s great for system trading, I did
not have a problem with my equity trades, so
I’ll keep my equities account there for
now.
[10:04 am] lara : No, I use their Day Trader
with Esignal charts
[10:04 am] candelas : and have been pretty
satisfied with them Sonorant
[10:05 am] sonorant : I have Esignal for
charts, and like that. Thanks for your
input everyone.
[10:05 am] lisas : Thanks candelas
[10:05 am] lisas : It’s just really scary to
be in a position and not be able to get the
trading desk on the phone when there is a
problem. If I ever get to using big sizes, I
will be checking out others.
[10:05 am] duckfan : thx
[10:05 am] candelas : i will email u info
Lisa
[10:06 am] rusty : [email protected] if
anyone interested in magicmicro – I don’t
get anything out of this…except good
service
[10:06 am] lara : What is Amp, Candelas?
[10:06 am] candelas : also, no extra fees
for corn,gold,etc[10:07 am] rusty :
[email protected] better address
[10:07 am] candelas : futures trading
clearing firm
[10:08 am] vans : IDCC
[10:09 am] vans : IDCC ALERT
[10:09 am] sonorant : Is anyone out there
besides Kris and Brent using Ninja Trader?
[10:11 am] vans : PLACE stop limit orders at
support and let it come to you next time.
[10:11 am] mikewd2 -: nice call
[10:11 am] mikewd2 -: missed it vans,
starting moving as i was buying
[10:12 am] Brent : nice one vans
[10:13 am] vans : Thanks, hope someone else
caught it.
[10:16 am] vans : Brent, did Mitch tell
target for TNA or stop.
[10:17 am] Brent : I believe he is looking
for high $50’s-$60 as of now vans on TNA
[10:18 am] vans : Me to, Hoping low 60’s
[10:20 am] sonorant : lisas, if the
TradeStation system was down, how did you
know it had blown through your stop?
[10:20 am] joeytsa : sonorant…i use
NT/trade pro futures
[10:21 am] sonorant : Joey, did you find it
hard to come up to speed on it?
[10:21 am] rusty : SODA being defended by
Moness Crespi[10:22 am] stevemld : need SODA
to break 44 area
[10:23 am] sonorant : Because of April/May
support?
[10:23 am] mikewd2 -: Kris what do you think
about SODA
[10:24 am] mikewd2 -: ah break time,
bummer
[10:25 am] mikewd2 -: i played it once today
41.55 out 43.32
[10:27 am] vans : IDCC wild ride
[10:27 am] strader : idcc[10:31 am] vans :
short again
[10:33 am] vans : Too uncertain for me
[10:37 am] mikewd2 -: ZSL provided another
nice ride
[10:37 am] lisas : Sonorant, my system was
working, I could see it on my computer. It
just wouldn’t process the orders, I had a
stop in place and a target in place, watch
them on an order matrix. Could not move them,
could not close position, but you could see
charts, and the price movement
[10:39 am] mikewd2 -: so is it a buy?
[10:40 am] mikewd2 -: mhaus, teach him math
buy counting the money you make
[10:40 am] mhaus : missing the markets
today. need to teach math to my son 🙁
[10:40 am] joeytsa : have your son watch you
trade…best math lesson
[10:43 am] mhaus : I keep him out of my
office room now
[10:43 am] mhaus : He feels money comes easy
because he just sees daddy in front of the
computer. He told his teacher that daddy
makes money on his computer. The teacher
thought I was scanning and printing dollar
images! Had to give an explanation to the
principal before they called the cops.
[10:43 am] candelas : wow
[10:45 am] rusty : Secret Service probably
gonna show up at your door now
[10:45 am] rusty : looking for counterfeit
operation
[10:46 am] mikewd2 -: and if you’re doing
counterfeiting, there are probably drugs too
– your going away mhaus[10:46 am] mhaus :
well, at least drugs he sees some
material.
[10:46 am] mhaus : almost got me in deep
s**t
[10:46 am] Brent : not to worry mhaus, secret
service will probably just want to hire you
for QE3
[10:46 am] apple : if you get sent away,
i’ll bake you a CAKE
[10:47 am] rusty : lol[10:47 am] mhaus :
lol[10:47 am] Kris : he doesn’t say much, but
when he does…
[10:47 am] junior : DDS
[10:48 am] stevemld : looking for 46 area on
SODA too optimistic?
[10:48 am] mhaus : kids come up with the
most interesting things
[10:48 am] mhaus : it is fun though.
[10:50 am] mikewd2 -: i already placed a sell
at 45.8 for half
[10:51 am] stevemld : thanks guys
[11:11 am] mikewd2 -: out DANG 9.24
[11:18 am] qwert : yep
[11:18 am] candelas : thx
[11:18 am] candelas : now u tell me
[11:20 am] sonorant : Okay guys, you know
this help is for me. Kris, I used to know
all that stuff — a couple of years ago I did
a lot of trades on Schwab and learned it.
But I’m trying to remember now. I’ll take
any refresher you want to give — with
thanks.
[11:20 am] mikewd2 -: half 45.8
[11:22 am] sonorant : And thanks for Soda —
I finally had my pieces in place with the
software and computers, and it was SLOW
enough that even I could do it!
[11:23 am] topdogrex : can you explain Kris,
if you have time
[11:23 am] storage : Kris i took a little
soda a litle early but just learning
thanks
[11:23 am] mikewd2 -: go baby
[11:23 am] lisas : Kris had straight
caffeine for lunch
[11:25 am] stevemld : yeah Kris @ .75
[11:25 am] candelas : hey Kris you all still
hiring?
[11:26 am] candelas : yes please
[11:26 am] candelas : Ill take it
[11:27 am] vision : yes please
[11:27 am] sonorant : Yes please!
[11:27 am] mhaus : always ready
[11:27 am] go4it : You GO Kris!
[11:28 am] storage : yes master grasshopper
ready
[11:28 am] papadoc : Kris: All contributions
gratefully accepted.
[11:29 am] spatz13 : ys[11:29 am] skydiver
: yes
[11:29 am] miket : yes
[11:29 am] candelas : yep
[11:30 am] topdogrex : yes, Kris
[11:31 am] vans : is this a good swing
[11:31 am] mikewd2 -: were you stopped out of
the rest of your SODA
[11:31 am] junior : great Kris thank you
[11:31 am] apple : got it
[11:32 am] qwert : how wide was your stop
[11:32 am] pow : 50% retracement?
[11:32 am] papadoc : Thx
[11:32 am] apple : agreed
[11:33 am] vans : so would you not hold cmg
or tna[11:34 am] vans : Thanks
[11:34 am] mikewd2 -: thanks Kris
[11:34 am] apple : you sleep better
[11:35 am] vans : I get stopped out a
lot.
[11:35 am] vans : Give me an idea what kind
of stop you initially placed on your soda
order
[11:35 am] duckfan : great insight, thanks
Kris
[11:35 am] candelas : ouch
[11:36 am] tennisball : I’m listening Kris.
great lesson
[11:36 am] apple : lol[11:37 am] storage :
thank you
[11:37 am] skydiver : Thanks! Very good
[11:37 am] qwert : thanks kris[11:37 am]
junior : thanks Kris and Brent…..great
[11:37 am] joeytsa : thanks Kris
[11:37 am] gene -: Awesome, Kris. lessons
like this makes this service worth
thousands!
[11:37 am] candelas : tank u Kris
[11:37 am] babak -: thanks Kris
[11:37 am] apple : thx K
[11:37 am] apple : how about a tune?
[11:38 am] rokh18 : Thanks.
[11:38 am] mbear : thanks Kris…u da man
[11:38 am] ghaziar : Thanks.
[11:39 am] sonorant : Thanks Kris
[11:40 am] stevemld : SODA S 60.10 rev
41.80 out half 45.75 stopped out second half
47.50 one hell of a trade Kris my biggest
trade ever thanks man
[11:40 am] mikewd2 -: Quake hits Japan
[11:41 am] mikewd2 -: wow, nice steve – i
couldn’t get shares from etrade[11:41 am]
joeytsa : nice steve
[11:41 am] candelas : way to go Steve
[11:42 am] Kris : steve’s buying lunch
tomorrow
[11:42 am] junior : awesome stevemld[11:42
am] candelas : tiger is playing like soda
trade today
[11:43 am] mikewd2 -: is Obama going to
talk?
[11:43 am] candelas : from Ruth Chris
[11:45 am] mikewd2 -: speaking at Michigan
battery plant
[11:48 am] mikewd2 -: here he goes
[11:48 am] mikewd2 -: at johnson controls
[11:53 am] mikewd2 -: need him to drive
silver down, talk obama talk
[11:54 am] mikewd2 -: nice truck, i’ve been
selling some also
[11:54 am] truck : selling 1/3 my TNA ,,,up
4.00
[11:55 am] joeytsa : good idea..b4 your hope
turns into change 🙂
[11:56 am] truck : a lot of resistance up
here yesterday, Mike
[11:57 am] mikewd2 -: yep
[11:57 am] mikewd2 -: i was out yesterday
afternoon and missed the fireworks
[11:58 am] joeytsa : AGQ dropping mikewd2
[11:59 am] mikewd2 -: my etrade dropped out,
rebooting
[11:59 am] mikewd2 -: i bought ZSL at 14 when
it was announced he would be talking
[11:59 am] joeytsa : obama silver effect
reminds me of the movie ‘the jerk’…he hates
theses cans haha[12:00 pm] stevemld : yeah
guys steak and wine on me come on to SC
[12:01 pm] mikewd2 -: dang it takes a long
time for etrade pro to come up
[12:01 pm] Kris : classic movie joey
[12:01 pm] candelas : Papadoc, did u trade
AGQ premarket
[12:01 pm] candelas : I’m only about 8 hours
from u Steve. See ya in am
[12:01 pm] apple : no kidding mike
[12:02 pm] stevemld : be looking for u
candelas
[12:02 pm] mikewd2 -: especially slow when
your in a trade and need to move it out
[12:02 pm] candelas : fair enough
[12:03 pm] truck : It got thru it
Mike,,,TNA[12:03 pm] joeytsa : correct
candelas
[12:03 pm] candelas : they have head in
sand
[12:03 pm] candelas : I’m sure the people
that sold tue are not even looking at
market
[12:07 pm] derns : Brent…are you looking
to possibly short ASIA?
[12:09 pm] mikewd2 -: SODA thru 48,
[12:10 pm] mikewd2 -: both
[12:10 pm] Kris : mikewd2, are you looking to
do more day trading than swing trading?
[12:10 pm] joeytsa : the time to sell was in
may when the NYSE BPI gave a sell signal on
the p&fcharts[12:10 pm] joeytsa :
candelas….most people sell at the absolute
worst time…
[12:10 pm] apple : we love SODA
[12:12 pm] mikewd2 -: yes, will switch at
some point.
[12:12 pm] Kris : have you considered
switching?
[12:12 pm] Kris : daytrading gonna be very
challenging on etrade[12:12 pm] apple : what
happened to leo?
[12:13 pm] mikewd2 -: I’ve been able to adapt
to the negatives of etrade except for
commission. Although i did get it dropped to
5.99
[12:13 pm] mikewd2 -: and small short
positions
[12:13 pm] derns : Kris…do you have any
update on your webinar? I emailed in but
didn’t get a response.
[12:13 pm] candelas : ouch
[12:13 pm] apple : mike I don’t know how you
can daytrade with etrade – too damn slow
[12:14 pm] vans : Kris, If TNA spikes up
today, is it stupid to sell it and buy on the
dip, as never get it at tops and bottoms. Or
just sit and watch it fluctuate.
[12:14 pm] mikewd2 -: plan on getting a
lightspeed or IB account
[12:14 pm] mikewd2 -: i have etrade pro set
up with function keys that do what i want. I
know it’s not as good. But I’m making some
good money.
[12:15 pm] mikewd2 -: what are u on apple
[12:15 pm] mikewd2 -: still a bit confused on
which one i should move to
[12:15 pm] mikewd2 -: I’ll work on getting an
account this evening
[12:15 pm] apple : mike – it will make your
trading 100x easier…
[12:15 pm] apple : lightspeed – very fast
[12:16 pm] mikewd2 -: I wanted Mitch to bitch
at me one more time, but Kris did it so i’m
good
[12:16 pm] mikewd2 -: haha[12:17 pm] truck :
Oh my gosh,,,The bank stocks are up !
[12:17 pm] mikewd2 -: My GS Leaps are up very
nice
[12:17 pm] candelas : gs broke highs then
some
[12:17 pm] apple : TNA moving up nicely
w/SPY
[12:18 pm] staz : Yes, Apple, have to thank
Mitch for being adamant about TNA
[12:18 pm] candelas : offset the commissions
u pay
[12:18 pm] Brent : guess I should’ve been
thinking about shorting ASIA
[12:19 pm] staz : Likewise
[12:19 pm] duckfan : Mike did you buy in the
money leaps?
[12:19 pm] derns : Brent..I tried, but the
short inventory at Schwab is extremely
limited..couldnt get any
[12:19 pm] candelas : 2 candles were
screaming on 1min, short me short me
[12:19 pm] apple : I am grateful for any and
all help
[12:20 pm] candelas : lol[12:20 pm] Brent :
I thought I heard something but I though it
was you snoring Candelas
[12:21 pm] mikewd2 -: dang its hard not to
take profits in TNA
[12:21 pm] apple : just remember a lot more
profits to come…
[12:22 pm] vans : Brent, can you give us
your thoughts on selling the TNA spike and
buying back, $ amount, targets.
[12:22 pm] mikewd2 -: yeah, but i didn’t take
them on Tuesday and look at what happened
[12:23 pm] stevemld : CF new high
[12:23 pm] mikewd2 -: my average is 37.89
[12:23 pm] mikewd2 -: i bought a bunch this
morning and been selling my higher priced TNA
stock I bought monday.
[12:23 pm] candelas : father-in-law came by
sun. says I was worried about you, with all
the market stuff going on. I said o really.
Not to worry I told him. I ve been making
real good money. He says no, cant be,
everyone is losing money
[12:23 pm] apple : good for you mike
[12:24 pm] lisas : That’s funny candelas,
great story!
[12:25 pm] staz : Should have asked him for
a contribution candelas, lol[12:25 pm]
sonorant : Yes, look at CF Daily chart
[12:25 pm] mikewd2 -: TNA at hod[12:25 pm]
candelas : yeah like thx for vote of
confidence out law i mean in law
[12:25 pm] lisas : aapl’s been a real dud
today, only up 2.88%
[12:26 pm] staz : Let er run Mike
[12:26 pm] mikewd2 -: going to be pissed if
we have a 400 down day tomorrow
[12:26 pm] lisas : You probably could have
gotten a cheer up dinner out if you had
played it right
[12:26 pm] Kris : sorry derns[12:26 pm] Kris
: had to step away for a minute
[12:26 pm] apple : tomorrow will be a good
day – wait and see…
[12:27 pm] staz : Put a stop at 42.80 if you
don’t already have one
[12:27 pm] mikewd2 -: actually that is a good
idea, wasn’t thinking about that.
[12:27 pm] lisas : When for the webinar?
[12:27 pm] Kris : The webinar is definitely a
go
[12:27 pm] Kris : going through the posts
now
[12:28 pm] rd : i am back. Missed the whole
day. Any end of day ideas?
[12:28 pm] joeytsa : mike…if you want to
hold TNA, you can always take some profits
and buy some puts…not suggesting that, just
mentioning it
[12:29 pm] mikewd2 -: cu joey
[12:29 pm] lisas : bye joeytsa[12:29 pm]
junior : have a good one joey
[12:29 pm] joeytsa : hate to chat and
run..but gotta go, have a great last 30
minutes, see you all in the morning
[12:29 pm] apple : bye, bye joey – have a
good one
[12:31 pm] tennisball : please do
[12:34 pm] mikewd2 -: good sign CSCO held up
all day
[12:35 pm] rusty : PSA radar… if not
today…should be good tomorrow
[12:35 pm] Kris : what was your entry vans on
TNA?
[12:36 pm] rusty : she’ll tell u
[12:36 pm] rusty : my name rhymes with bitch
– ask my wife
[12:36 pm] mikewd2 -: I know Kris so was
Mitch, I was just making fun!
[12:36 pm] Kris : I’m not bitching at you
mikewd2. Just trying to help you make more
money. Besides my name doesn’t rhyme with
bitch.
[12:36 pm] Brent : lol[12:37 pm] rusty :
lol[12:37 pm] Kris : lol[12:37 pm] Kris :
crusty
[12:38 pm] rd : See you all Monday. Taking
my last baby (girl) to college tomorrow.
Empty nester starting on Saturday. Don’t
blink, time flys by. Have a great weekend to
all.
[12:39 pm] vans : 42.25 TNA entry, sorry
computer trouble, 400 long
[12:39 pm] qwert : see ya rd[12:39 pm] mhaus
: Kris, BTW NT support said that I could
change from ticks to price or percentage in
ATM by right clicking and changing it in
preferences.
[12:39 pm] lisas : rd, safe trip. Our last
is now a college jr. Time does fly
[12:39 pm] lightning : Will you record the
webinars? I’ll be traveling that
week/weekend
[12:39 pm] junior : see ya rd[12:39 pm]
duckfan : bye rd, enjoy your trip
[12:39 pm] candelas : honey moon time
again
[12:39 pm] apple : bye rd, have a great
time.
[12:40 pm] rd : Don’t blink. I miss them
both already.
[12:40 pm] rd : Been doing that for the last
26 years candelas, now even more time with
the bride.
[12:40 pm] lightning : Thanks, Kris.
[12:40 pm] lightning : rd, have fun!
[12:40 pm] candelas : nice. We have 1 in
college 2more to go
[12:40 pm] candelas : have safe trip though
Rd
[12:40 pm] apple : how wonderful
[12:41 pm] qwert : kris august or
september[12:41 pm] mhaus : yes
[12:41 pm] mhaus : the ATM strategy
[12:41 pm] candelas : that was Kris nickname
in school
[12:41 pm] candelas : guess the password
will be Krissy Pooh
[12:41 pm] candelas : for the webinar
[12:41 pm] apple : we won’t blink – not even
for a second…
[12:42 pm] qwert : thanks
[12:42 pm] mhaus : Yes
[12:43 pm] sonorant : Can you call NT?
[12:43 pm] mhaus : send them an email they
are good to respond
[12:43 pm] mhaus : also they have free
webinars everyday
[12:44 pm] sonorant : I thought NT didn’t
look very intuitive
[12:44 pm] sonorant : I thought it looked
really hard to use
[12:44 pm] sonorant : Do you like it?
[12:44 pm] mikewd2 -: very nice day guys
thanks, 13 wins 1 lost and 1 carry over ZSL
(which i’m down)
[12:44 pm] candelas : Qwert did u ever long
EW?
[12:45 pm] stevemld : SODA falling
[12:45 pm] sonorant : I have a computer
background — but in software, not
hardware
[12:45 pm] qwert : no added to my tna
instead
[12:45 pm] mikewd2 -: I can’t stay away from
that stock
[12:45 pm] mikewd2 -: 1 lost was a stupid
short on SINA
[12:45 pm] mhaus : ZSL is a yoyo
[12:45 pm] mhaus : you got me hooked too
[12:45 pm] mhaus : I love NT
[12:45 pm] lightning : SODA dropping
[12:45 pm] candelas : nice
[12:45 pm] apple : SINA will take you for a
wild ride
[12:46 pm] mhaus : Its got so many
options
[12:46 pm] lightning : got me Stevemid[12:47
pm] sonorant : Okay, well I’ve been in the
Trade Station and Lightspeed Demos this week,
maybe I will give the NT demo one more try
before I give up the ghost!
[12:47 pm] sonorant : But this is kind of
like going between french, german and spanish
classes every day — makes me crazy!!!
[12:47 pm] mhaus : NT is free to download
and use un sim mode
[12:47 pm] mhaus : MCK also was a good day
trade today
[12:47 pm] mhaus : lots of ups and downs
[12:48 pm] mikewd2 -: now, how about some
Dire Straits to end the day
[12:48 pm] mhaus : you pay only when you
want to trade live
[12:48 pm] mhaus : you buy or not, support
and training if free.
[12:49 pm] mhaus : play for the next 10
minutes
[12:49 pm] mhaus : are free
[12:49 pm] Kris : ok, I’ll play a song
[12:49 pm] apple : thx K, we need one
today…
[12:50 pm] rusty : thanks and hagn – c you
all at Stevemld’s bbq[12:50 pm] mhaus : DJ
Kris
[12:50 pm] lisas : bye junior
[12:50 pm] Kris : for those that don’t’ want
to hear it please mute the speaker icon in
the lower left corner of the trading room
[12:50 pm] junior : see ya folks, thanks for
a great day Kris, Brent, and traders….I was
going to log off but if Kris is playing tunes
I’ll stick around
[12:50 pm] candelas : see ya Jr.
[12:50 pm] apple : gecko is not here so it’s
okay…
[12:50 pm] apple : bye junior have a good
one
[12:51 pm] stevemld : lol whole hog
[12:51 pm] mhaus : guys, you don’t have to
leave. Kris’s selection is not all that
bad.
[12:51 pm] derns : Thanks all..have a great
afternoon/evening
[12:51 pm] candelas : see ya rusty
[12:51 pm] apple : lol[12:51 pm] apple :
bye rusty have a good one
[12:52 pm] staz : WKRS
[12:52 pm] cowboyh : Alll[12:52 pm] cowboyh
: All right boggie time
[12:52 pm] apple : rockin’ in nyc – thx
K!!!
[12:52 pm] apple : lol[12:52 pm] apple :
K-ROCK
[12:52 pm] apple : bye derns[12:53 pm] staz
: Let me guess… “I told you so”
[12:53 pm] sonorant : I always liked this
song
[12:53 pm] qwert : yep
[12:53 pm] mbear : still all in Mitch
[12:53 pm] lisas : yes sir
[12:53 pm] derns : yes…on TNA, UPRO,
TQQQ
[12:53 pm] derns : bye Apple…looking for
continuation tomorrow.
[12:53 pm] apple : Yes, we listen to the
KIng!
[12:53 pm] apple : thx B
[12:54 pm] staz : Put some in my backpack
too
[12:54 pm] staz : Backed up the truck and
loaded up the boat
[12:54 pm] sonorant : still all in (on a
real account)!
[12:54 pm] mikewd2 -: yeah, if not for Mitch
i would have been out TNA
[12:54 pm] mikewd2 -: probably at 40
[12:54 pm] lisas : Mitch’s advice help for
moral courage, lol[12:54 pm] apple : lol
staz – love it!
[12:55 pm] staz : echo that
[12:55 pm] sonorant : So is the TNA pull
back now profit taking? From those folks
that didn’t have Mitch?
[12:55 pm] qwert : tell Mitch he is a huge
blessing to all of us
[12:55 pm] mikewd2 -: i would think so
[12:55 pm] mhaus : Mitch, the Dr. Laura for
stocks.
[12:55 pm] lisas : yes, and those that don’t
hold overnight
[12:55 pm] apple : lol – caravan
[12:56 pm] strader : you guys are damn
funny
[12:56 pm] staz : never heard of inhaling
sonorant…what is that?
[12:56 pm] qwert : i love this song
[12:56 pm] Kris : Tell Mitch I like smoked
salmon
[12:56 pm] Brent : when you inhale sonorant,
sooner or later you have to exhale before you
get another breath. Stocks “breath” too
[12:56 pm] apple : lol, me, too
[12:57 pm] staz : deja vu
[12:57 pm] sonorant : Doesn’t seem quite
fair…
[12:57 pm] observer : thx for the sounds,
Kris
[12:57 pm] mhaus : France’s debt is 200% of
their GDP. USA’s is only 94% of its GDP
[12:57 pm] Kris : wasn’t paying attention
[12:57 pm] Kris : sorry guys
[12:57 pm] Kris : PUDA
[12:57 pm] Kris : like
[12:57 pm] Kris : and then some stocks get
punched in the stomach, get the wind knocked
out of them and pass out never to return.
[12:57 pm] Brent : This is why Clinton
doesn’t understand stock trading
[12:57 pm] apple : one more time…
[12:58 pm] mhaus : still France is AAA and
US is AA+
[12:58 pm] lisas : you are too funny Kris
[12:58 pm] lightning : mhaus, but France is
still France
[12:58 pm] Kris : reading the novel posted by
mitch through his medium bert[12:58 pm] apple
: loved it, thanks so much, very uplifting
for the end of the day!!!
[12:59 pm] staz : But I feel like we ar
still AAA
[12:59 pm] mhaus : true. Oh the French
[12:59 pm] Kris : lol[12:59 pm] Kris :
lol[12:59 pm] Kris : good point Matt
[12:59 pm] Kris : but France is still
France
[12:59 pm] Kris : and USA is AOK
[12:59 pm] Brent : wait for it
[12:59 pm] Brent : wait for it
[12:59 pm] Brent : wait for it
[12:59 pm] Brent : wait
[12:59 pm] Brent : wait
[12:59 pm] Brent : this is a long one
[12:59 pm] Brent : hang on Kert I’m trying to
make contact
[12:59 pm] apple : true
[01:00 pm] sonorant : Does he know he’s a
turkey vulture?
[01:00 pm] sonorant : c’est la vie, mais
c’est mal (Sorry for those that really speak
french)
[01:00 pm] shailan : rong haus France is 85%
only
[01:00 pm] Kris : Mitch’s spirit animal is
the turkey vulcher[01:00 pm] apple : we
think it, so we are it! AAA+++
[01:01 pm] staz : I like turkey
[01:01 pm] sonorant : Of course vultures get
other people’s dead meat, don’t they? Kind
of fits.
[01:01 pm] qwert : goodnight everyone
[01:01 pm] lisas : Bye Kris, Brent and room
members, thanks for everything!
[01:01 pm] apple : thx K and B (and MK in
AK) and everyone – have an awesome
evening.
[01:01 pm] apple : I will wait…
[01:02 pm] sonorant : Will wait, and many
thanks. Sorry I am so early in the learning
curve.
[01:02 pm] qwert : will wait
[01:02 pm] observer : Bye, Kris, Brent,
Traders
[01:02 pm] lisas : Ok Brent, waiting,
waiting, waiting
[01:02 pm] lisas : Hi apple!
[01:02 pm] apple : hey lisa[01:02 pm] apple
: good news – my cat had been out all day and
just came home!!
[01:03 pm] sonorant : Yeah the cat! Always
a relief on finding the four-legged kids with
tails!
[01:03 pm] observer : good to hear it,
apple
[01:03 pm] mbear : apple I don’t think your
cat is handling the market movement very
well…may want to put him out until 1pm
everyday
[01:03 pm] lisas : we were all there at once
sonerant, don’t worry
[01:03 pm] lisas : glad to hear apple. ours
recently was missing for 2 weeks, but he came
back
[01:04 pm] staz : MCP popping up on good
earnings news
[01:04 pm] apple : I know they came back,
but this guy doesn’t have front claws … and
I worry, of course.
[01:05 pm] sonorant : Yes, thanks to Mitch
for that.
[01:05 pm] papadoc : Good luck RD and the
best to your daughter and her new adventure
in life.
[01:05 pm] observer : Thx, candelas, u2!
[01:05 pm] mbear : you too candelas
[01:05 pm] lisas : we are getting to be a
big group candelas!
[01:05 pm] lisas : Tell Mitch we appreciate
him taking vacation time to keep us on
track
[01:05 pm] candelas : have a great on
Kris,Brent,Apple,Mbear,Obsrvr,Lisa,Staz,Qwert
,Papadoc,Shailan, and anyone I missed
[01:06 pm] staz : Yes, many thanks to Mitch
and you Bert for transcribing
[01:06 pm] sonorant : goodnight
[01:06 pm] shailan : good night everyone
!
[01:06 pm] lisas : bye shailan[01:06 pm]
candelas : i know
[01:06 pm] Brent : no problem staz[01:06 pm]
apple : yes, thx B for everything
[01:06 pm] apple : good night son
[01:06 pm] apple : bye shailan[01:06 pm]
apple : bye candelas have a great evening
[01:07 pm] mbear : lol lisa[01:07 pm] lisas
: we sound like the darn Waltons!
[01:07 pm] apple : we all have fun
together…
[01:07 pm] apple : it is good, lis |
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