[06:17 am] Ed : good morning
traders
[06:28 am] Mitch K: another
bullish opening today
[06:30 am] Mitch K:
watching APOL drop
[06:31 am] Mitch K:
watching CELG
[06:31 am] Mitch K: watching
FL for top to short
[06:31 am] Mitch K:
watching AMRN
[06:32 am] Mitch K:
monitoring SJM
[06:32 am] Mitch K:
monitoring ANN
[06:33 am] Mitch K: that is
different than WYNN
[06:33 am] Mitch K:
watching WYN,
[06:33 am] Mitch K: watching
GDI for bottom
[06:33 am] Mitch K:
watching R for top to short
[06:34 am]
Mitch K: watchign VMC for top to
short
[06:35 am] Mitch K: watching LIFE
for bottom to buy
[06:35 am] Mitch K:
watching CERN for bottom to buy
[06:36 am]
Ed : monitroing ALXN for potential bounce
needs more selling no hurry
[06:37 am] Ed
: watch LVS for breakout with strong
vol
[06:38 am] Mitch K: watching POT for
bottom to buy
[06:38 am] Ed : must have
strong vol on breakout
[06:39 am] Mitch K:
also watching other ag chemical stocks MOS,
MON, AGU
[06:40 am] Mitch K: watching HIBB
for short on top of bounce, take
time
[06:42 am] Mitch K: watching TDC for
top to short
[06:44 am] Mitch K: watching
EZCH for bottom
[06:44 am] Mitch K:
watching FRAN for top, take time
[06:45
am] Mitch K: watching KORS closer for
top
[06:46 am] Ed : reducing 3/4 LVS
long
[06:48 am] Ed : will trail last 1/4
LVS long
[06:49 am] Mitch K: watching SEMG
for top
[06:50 am] Mitch K: watching IOC
for bottom
[06:51 am] Mitch K: watching
FINL for bottom to buy
[06:54 am] Ed :
monitor EXPE for potential short, no
hurry
[06:56 am] Mitch K: looking for
32.80 area on FRAN short, be
flexible
[06:56 am] Mitch K: consider
selling GDI if long; watch for top to
short
[07:02 am] Mitch K: monitoring
SINA
[07:04 am] Mitch K: consider selling
FINL
[07:07 am] Mitch K: consider selling
APOL
[07:09 am] Mitch K: monitoring
SINA
[07:09 am] Mitch K: consider selling
most of AMRN
[07:28 am] Ed : SPY trading
in real tight pattern
[07:45 am] Ed :
getting some selling in SPY
[07:47 am] Ed
: let it get in to 50’s
[07:47 am] Ed :
monitoring DECK for potential short, no
hurry
[08:06 am] Ed : on Deck would see if
get a failur to hold 50 price then test of it
without taking 50 out for short, more of
patient trade
[08:23 am] Ed : Im covering
3/4 DECK short
[08:53 am] Mitch K:
monitoring NFLX
[08:55 am] Mitch K: try to
be careful now, dangerous time. low
volume, low volatility…. you get bored and
then go after bad idea with too much money =
loss, frustration
[09:08 am] Ed :
monitoring IOC for potential bounce would
like more selling
[09:57 am] Ed : covering
3/4 BAP short
[10:31 am] Mitch K: watching
FRAN
[11:06 am] Mitch K: monitoring EZCH
for top to short
[11:07 am] Mitch K: so
far
[11:07 am] Mitch K: i think this is
slowest day of year for sure
[11:08 am]
Mitch K: EZCH toppy
[11:13 am] Ed : missed
new on FST, sound like approval for
buyer
[11:19 am] Mitch K: for a target but
wait for signal
[11:19 am] Mitch K: my
first impression is under $30.50 for
EZCH
[12:04 pm] Ed : getting nice little
bounce in SPY
[12:58 pm] Mitch K: later
guys have a great weekend
| [06:12 am] mikewd2 -: good morning
traders
[06:13 am] skydiver : gm
all
[06:15 am] joeytsa : Good
morning Mitch, everyone
[06:15 am]
khall : good morning mike, sky, joey,
mitch, ed, gregs, all
[06:15 am]
joeytsa : UofM #’s @ 6:55pdt, CB
leading index @ 7pdt
[06:16 am]
joeytsa : gap ups:
SINA,AAPL,ANN,FL
[06:17 am] joeytsa
: gap down:MRVL,VVUS,HIBB,MCP
[06:17 am]
joeytsa : hey Ed
[06:17 am] mikewd2
-: outch MCP, swing wasn’t good
idea
[06:17 am] skydiver : gm
Ed
[06:18 am] joeytsa : overnight ES
range 1411-1414
[06:18 am] mikewd2 -: tony
horton on CNBC
[06:18 am] joeytsa :
my cnbc is on commercial
[06:18 am]
mikewd2 -: i think after commercial
[06:19
am] mikewd2 -: they were talking P90x
yesterday on CNBC
[06:19 am] joeytsa
: oh ok, p90x got a boost with the Ryan
news
[06:19 am] mikewd2 -: evidently Paul
Ryan uses it
[06:19 am] mikewd2 -:
right
[06:19 am] joeytsa : ryan is
between 6-8% bf
[06:20 am] mikewd2 -:
watching NUS for a bounce today, Stanford
University Releases Statement Reiterating Its
Long-Standing Relationship With Nu Skin
Enterprises
[06:21 am] qwert : Good
morning everybody
[06:21 am] khall :
morning qwert
[06:22 am] qwert : gm
khall
[06:27 am] akram : Good
Morning All
[06:27 am] qwert : gm
akram
[06:29 am] victor51 : good
morning all
[06:35 am] mikewd2 -: WFT
bumping up against 12.50 resistance
[06:36
am] skydiver : CF dropped
fast
[06:36 am] joeytsa : eye on
SJM
[06:36 am] skydiver : late to
post HIBB
[06:37 am] joeytsa : ES
range really tight
[06:38 am]
joeytsa : IO spike, low
priced
[06:39 am] skydiver : all out
of HIGG L 56.11 – 57.88
[06:39 am]
mikewd2 -: MOS dropping also
[06:39 am]
shark : KORS spike
[06:39 am]
shark : watching LULU for poss
top
[06:39 am] skydiver : yes shark
on KORS along with LULU
[06:39 am] Mitch
K: you talking about HIBB sky?
[06:39 am]
skydiver : yes Mitch
[06:40 am]
shark : 🙂
[06:40 am] skydiver
: low volume one however
[06:40 am]
joeytsa : HIBB was a nice
trade
[06:41 am] skydiver : sorry I
posted so late 🙁
[06:41 am]
skydiver : but at least I got the long
part of it — watching to short it
now
[06:41 am] aussie123 : POt
to shut down mine for a month ..weak demand
for product ???
[06:42 am] joeytsa :
yeah sky, had a decent gap down
[06:42 am]
mikewd2 -: CLF
[06:43 am] joeytsa :
FRAN breaking out
[06:44 am] mikewd2 -:
missed TSO short
[06:44 am] eyes :
Long FL .52
[06:47 am] joeytsa :
BBBY strong so far
[06:47 am] eyes :
Long LVS 41.80
[06:48 am] mikewd2 -: nice
one eyes
[06:48 am] eyes : stoped
.93
[06:49 am] eyes : LVS
[06:49
am] mikewd2 -: LVS still looks good for
long
[06:49 am] mikewd2 -: to me
[06:50
am] eyes : it was only 100
shares
[06:51 am] joeytsa : watching
AMZN at res
[06:51 am] mikewd2 -: MCP
bouncing
[06:51 am] skydiver :
monitoring CRMT
[06:52 am] shark :
KORS still strong
[06:52 am] mikewd2 -:
tony horton and joey on CNBC next – the Ryan
effect
[06:52 am] joeytsa :
haha
[06:52 am] joeytsa : IO right
back to where it spiked from
[06:53 am]
mikewd2 -: out MCP 10 -> 10.30,
3%
[06:54 am] shark : awesome
mike!
[06:54 am] joeytsa : esp on 1M
shares 🙂
[06:55 am] mikewd2 -:
unfortunately still holding some from 11.02
from yesterday
[06:55 am] mikewd2 -:
haha
[06:55 am] joeytsa : UofM #’s
comiing
[06:55 am] mikewd2 -:
73.6
[06:55 am] mikewd2 -: better than
expecting
[06:55 am] joeytsa : 3rd
lowest of the year
[06:55 am]
joeytsa : its like hurdling over dental
floss 🙂
[06:56 am] khall :
lol
[06:56 am] shark : LULU new
hod
[06:56 am] joeytsa : tighten
FRAN if short
[06:57 am] eyes : Well
mike TSO dont look good I think i am getting
out
[06:57 am] mikewd2 -: i would watch
here at 39.09
[06:57 am] mikewd2 -:
first
[06:57 am] mikewd2 -:
39.00
[06:58 am] joeytsa : are you
guys long or short TSO?
[06:58 am] mikewd2
-: just shorted at 39.00 joey
[06:58 am]
eyes : S down 1 Point
[06:58 am]
shark : AAPL closing in on all time
high @644.00
[06:59 am] joeytsa :
only has a 40cent range today?
[06:59 am]
joeytsa : did you short it from
yesterday?
[06:59 am] eyes :
yes
[06:59 am] joeytsa :
ahhh
[06:59 am] mikewd2 -: i closed my
short yesterday lossing a bit
[07:00 am]
mikewd2 -: WFT got thru 12.50
[07:00 am]
shark : vol well above avg so far on
AAPL
[07:00 am] shark : options
expiration today as well
[07:00 am]
skydiver : US leading indicator report
just came out – it was up above
expectations
[07:01 am] mikewd2 -: forgot
about that shark, thanks
[07:01 am]
joeytsa : thx shark
[07:02 am]
mikewd2 -: vol spike on TSO
[07:02 am]
mikewd2 -: NUS
[07:02 am] joeytsa :
yeah i see that mike, that 38.70 test was a
great buy point
[07:03 am] eyes :
out 39.11 TSO
[07:03 am] mikewd2 -:
strange i had a 39.20 stop and it didn’t
go
[07:03 am] mikewd2 -: my chart showed
it traded there
[07:03 am] mikewd2 -:
???
[07:04 am] joeytsa : yeah it hit
it, maybe you didnt trigger?
[07:04 am]
shark : FB all time new low
[07:04
am] mikewd2 -: NUS L 40.40
[07:05 am]
joeytsa : Fallbook 🙂
[07:05 am]
mikewd2 -: tight stop
[07:05 am] mikewd2
-: there goes the stop on TSO
[07:05 am]
skydiver : IOC double bottom – low
volume at moment
[07:06 am] khall :
KORS busting a move
[07:06 am] eyes
: whats your stop Mike
[07:06 am]
joeytsa : IOC dbl bottom on pos div,
not sure i will play it though
[07:06 am]
mh : KORS
[07:06 am] shark :
yeah KORS
[07:06 am] joeytsa :
shark, you still in KORS..nice call
[07:06
am] skydiver : I’m kind of thinking the
same joey — thnx — nice shark on
KOIRS
[07:07 am] shark : long at
59.22 KORS
[07:07 am] mikewd2 -: on NUN
40.33
[07:07 am] shark :
49.22
[07:07 am] mikewd2 -: NUS
[07:07
am] skydiver : nice one shark!
🙂
[07:07 am] joeytsa : nice, i
thought you had gotten in early..good
trade
[07:07 am] eyes : Ya i just
bought and it filled me at .66
[07:08 am]
joeytsa : hope that works, ugly
chart
[07:08 am] shark : AAPL breaks
21min ma
[07:09 am] shark : KORS hit
R2 res area
[07:10 am] joeytsa :
hmm, i have it above there
[07:10 am]
joeytsa : not sure my pivots are
accurate
[07:10 am] shark : R2
-51.29 KORS
[07:11 am] skydiver : I
have R2 at 51.29 as well on KORS
[07:11
am] mikewd2 -: i have 51.08
[07:11 am]
joeytsa : maybe mine didnt reset from
yesterday?
[07:11 am] shark :
ouch
[07:11 am] qwert : i have
51.29
[07:12 am] mikewd2 -: stopped on
NUS
[07:12 am] mikewd2 -: small
loss
[07:12 am] joeytsa : i have
that set as yesterdays, but it reset for
today
[07:13 am] shark : TUMI
bouncing off 10day ma
[07:13 am]
eyes : I am Done with NUS .stoped
out
[07:13 am] joeytsa : watching
FRAN for a break
[07:14 am] joeytsa
: trail FL if short
[07:14 am]
joeytsa : might try a small bounce
here, but ugly chart
[07:14 am] mikewd2 -:
mh: getting a bounce in WFT finally
[07:15
am] joeytsa : nice call on FINL
Mitch
[07:15 am] shark : FRAN
strong, above avg vol
[07:15 am] mikewd2
-: sorry eyes, we should have waited closer
to the pivot at 40.16
[07:15 am]
shark : new high breakout
[07:15 am]
mh : ya mike i am still
holding
[07:16 am] scalpman : SINA L
@ 56.06
[07:17 am] qwert : nice
scalp
[07:17 am] mh : FL
[07:18
am] mikewd2 -: WLT
[07:19 am] mikewd2 -:
trying NUS one more time at pivot, NUS L
40.12
[07:19 am] shark :
FRAN
[07:20 am] joeytsa : FRAN has
been nice
[07:21 am] qwert : joey
did you buy the fran breakout
[07:21 am]
joeytsa : no, i think that was where i
called it?
[07:21 am] joeytsa : got
it on both pullbacks though
[07:21 am]
qwert : nice
[07:22 am]
scalpman : SINA dropped so fast, I
wasn’t positioned to take a profit…see if
holds here
[07:22 am] mh : FB
wow
[07:23 am] joeytsa : qwert: not
sure why i didnt jump on it on the
breakout
[07:23 am] shark : yeah,
wow FB
[07:23 am] shark : the short
that keeps on giving
[07:23 am]
shark : guess that $14 analyst is
looking more and more correct
[07:26 am]
mikewd2 -: out NUS L 41.05, +0.97
[07:26
am] scalpman : Stopped for small profit
SINA L..
[07:27 am] joeytsa : nice
one mike
[07:27 am] mikewd2 -: yeah, much
better entry at the pivot versus early
trade
[07:27 am] scalpman : SINA
testing lo
[07:27 am] mikewd2 -: got to
keep the pivots up
[07:27 am]
joeytsa : not only that, but that lower
low was on pos div
[07:28 am]
joeytsa : price made new low, indis
made higher lows
[07:28 am] joeytsa
: yeah Ed
[07:28 am] scalpman : ANN
moving up
[07:28 am] joeytsa : did
volume dry up?
[07:30 am] shark :
LULU new hod
[07:30 am] joeytsa :
crude 40cent pullback
[07:30 am]
scalpman : ANN was a gap up…moved on
the opening and the consolidated…may trend
higher this morning.
[07:30 am]
joeytsa : yeah scalp, gapped on decent
earnings
[07:30 am] shark : all out
KORS long
[07:32 am] shark :
+1.68/share appx 3.3%
[07:32 am]
scalpman : Joey, I always watch your
opening gappers…
[07:32 am]
joeytsa : nice
[07:32 am]
shark : still have KORS naked put at
47, expires today
[07:33 am] joeytsa
: should be fine with the put
[07:33 am]
shark : 😉
[07:34 am] joeytsa
: scalp: they dont always follow the playbook
though
[07:34 am] scalpman : Selling
1/3 ANN L
[07:35 am] gregs :
covering 1/2 FB from 19.52, making up for
couple stops earlier heh
[07:35 am]
joeytsa : nice greg
[07:35 am]
shark : die, FB, die
[07:35 am]
gregs : you in too shark
[07:35 am]
shark : reaching S2 res
[07:36 am]
shark : TDG breaking out today on nice
vol
[07:37 am] scalpman : Sell
anoither 1/3 ANN L
[07:39 am]
scalpman : holding last 1/3 ANN at
b.e.
[07:39 am] scalpman : ..no
33.40
[07:39 am] ben4givn : watching
apkt
[07:39 am] joeytsa : where is
your entry scalp?
[07:39 am]
scalpman : 33.25
[07:40 am]
joeytsa : nice, so your stop is at
33.40 now?
[07:40 am] shark : FB
testing S2 res area
[07:40 am] mikewd2 -:
(MCP) public offering of 12 million shares
priced at a 10% discount to Thursday’s
close
[07:40 am] scalpman :
yes
[07:40 am] joeytsa : no lose
situation..nice trading
[07:41 am]
shark : KORS testing hod
[07:42 am]
scalpman : Thanks I had to weather that
drop…but I sensed the stock might be a up
trend for this morning…
[07:42 am]
shark : GOOG new lod
[07:42 am]
scalpman : and….higher high on
ANN
[07:43 am] scalpman : traiiling
up to 33.50 now. ANN L
[07:44 am]
scalpman : spliiting at .50 and
.60
[07:44 am] joeytsa : done for
now, see you for the last hour…nice calls
and keep making money 🙂
[07:44 am]
scalpman : All out ANN L
[07:44 am]
shark : thx joey, c ya
[07:44 am]
khall : see you joey
[07:45 am]
scalpman : bye joey….
[07:45 am]
scalpman : nice on on ANN
[07:45 am]
joeytsa : shark: when i get back those
puts will be like icecubes in the vegas sun
🙂
[07:45 am] mikewd2 -: SPY lod
[07:45
am] shark : lol, yeah
[07:45 am]
shark : love puts on buyable gap
ups
[07:45 am] shark : Naked
puts…
[07:46 am] shark : below the
low of the bgu’s
[07:46 am] joeytsa
: yeah, good trading area
[07:46 am]
shark : FB wants lower 😉
[07:46 am]
shark : die, FB, die
[07:47 am]
shark : AAPL maybe putting in a double
top
[07:47 am] shark : on daily
chart
[07:48 am] shark : has been
moving up on lower daily volume
[07:49 am]
shark : KORS testing 50min ma
[07:55
am] qwert : Watching DECK
[07:55 am]
qwert : oops already on your
chart
[07:56 am] gregs : SINA near
lod
[07:56 am] mikewd2 -: break time, cu
guys later
[07:57 am] Ed : c ya
mike
[08:00 am] go4it : DECK SS
50.08
[08:01 am] shark : nice break
on FB w/volume
[08:01 am] eyes : S
50.02 Deck
[08:01 am] shark : die,
FB, die
[08:03 am] scalpman : DECK
seems to hold at 50
[08:04 am] shark
: joey must be getting ready for P90X CNBC
interview
[08:04 am] scalpman : Out
with small loss and lookin maybe for re-entry
on DECK
[08:04 am] shark : retail
very strong today, scalp
[08:04 am]
eyes : out 50.09 Deck
[08:05 am]
go4it : stop just above hod
50.25
[08:06 am] skydiver : well –
have to mow the yard — be back in about an
hour — two good trades HIBB and CRMT – both
Longs
[08:06 am] khall : good for
you sky! have fun with the
lawn
[08:06 am] skydiver :
🙂
[08:06 am] shark : bye
sky
[08:07 am] eyes : 4 for 4 stoped
1 BE
[08:07 am] shark : nice
eyes
[08:07 am] go4it : Burn
calories and good for heart
[08:07 am]
eyes : 4-
[08:08 am] shark :
FB testing round # 19 area
[08:08 am]
khall : PRGO looks like it may have
bottomed
[08:11 am] go4it : Mitch :
Are you in Deck trade?
[08:15 am]
scalpman : DECK break watch for
test
[08:16 am] victor51 : Joey,
Option expiry day is keeping SPY in a tight
range ?
[08:17 am] khall : Victor,
joey is on break until last hour
[08:19
am] victor51 : Ya, it’s union break for
him Thanks Khall
[08:19 am] khall :
welcome 🙂
[08:20 am] scalpman :
DECK resistance at 50, possibly
[08:20 am]
scalpman : Great call ED…
[08:23
am] scalpman : Target 49.57 DECK
S
[08:24 am] scalpman : cover 3/5
DECK S
[08:25 am] scalpman : next
target 49.39 DECK S
[08:28 am]
scalpman : All out DECK S
[08:29 am]
shark : nice scalp
[08:29 am]
qwert : THX for DECK ed
[08:29 am]
scalpman : stopped at .81
[08:29 am]
Ed : no problem
[08:32 am] scalpman
: Thanks shark…
[08:33 am]
scalpman : I’m a bit red today….Had
some good ones and couple misfires on R and
FRAN….got stopped…
[08:34 am]
scalpman : INFY watch
[08:35 am]
shark : yeah, scalp…strong run in
markets
[08:36 am] shark : got out
too soon on KORS, was looking for better
pullback
[08:36 am] shark : got left
behind
[08:36 am] shark : FB stalled
at 19 as I figured, though 🙂
[08:37 am]
eyes : LQDT
[08:38 am] khall :
yeah, KORS crazy today
[08:40 am]
scalpman : PSX watch
[08:50 am]
scalpman : CSTR Watch
[08:51 am]
mh : does anyone here trade corn or
beans?
[08:53 am] Ed : i think does, but
she is on vacation now
[08:55 am] Ed :
thats Lisas
[08:57 am] qwert : LQDT
resistance 49-49.20 area
[08:58 am]
scalpman : PSX
[09:00 am]
scalpman : PSX S 42.80
[09:09 am]
scalpman : Covering /2 PSX S
[09:09
am] scalpman : 1/2
[09:10 am]
skydiver : nice scalp – just got back
and saw your post on PSX
[09:10 am]
skydiver : FB never broke the 19.00
barrier I see
[09:12 am] scalpman :
Thanks SKY
[09:12 am] scalpman :
SKy
[09:12 am] scalpman :
Sky
[09:12 am] skydiver :
🙂
[09:13 am] shark : AAPL new hod
on vol spike
[09:13 am] eyes : SIRO
alert
[09:13 am] shark : AAPL new
All Time High
[09:14 am] skydiver :
nice one eyes
[09:14 am] scalpman :
PSX testing 50% retracement…support @
42.35
[09:15 am] eyes : Any thought
on SIRO ED
[09:17 am] scalpman :
Covering another 1/4 PSX S
[09:17 am]
eyes : just saw very low
volume
[09:18 am] Ed : would pass, unless
could get an accelrated parabolic move in
minutes
[09:18 am] eyes :
thanks
[09:18 am] Ed : sweet
apples
[09:18 am] skydiver : thnx Ed
and eyes – good reminder 🙂
[09:19 am]
rusty : VIX lowest low since
2007
[09:19 am] scalpman : All out
PSX S….and time to go!
[09:20 am]
skydiver : nice job scalp 0 have a
great week-end
[09:20 am] Ed : c ya scalp
have great weekend
[09:20 am] khall
: bye scalp
[09:20 am] shark : bye
scalp. ditto what Ed said
[09:20 am]
skydiver : long or short on ditto
shark? 🙂
[09:20 am] scalpman
: Thanks Sky and Ed, Shark, and Joey…(who
is the gapman….ha!)
[09:20 am]
shark : long and much success for a
great weekend!
[09:21 am] scalpman :
See you monday.
[09:21 am] scalpman
: Scalpman has left the building!
[09:21
am] shark : KORS, AAPL moving
higher
[09:21 am] shark : xlnt
breakout on AAPL so far
[09:24 am]
eyes : Did youlong IOC
[09:25 am] Ed
: no looking for more selling
[09:25 am]
eyes : Can we talk latter on
[09:26
am] Ed : sure
[09:26 am] Ed : may get
bounce in here, but when day gets older, I
look for even higher odds plays
[09:27 am]
Ed : like a move closer to low that was set
on 8/15
[09:28 am] eyes : 75.47
area
[09:28 am] Ed : basically to see if
that low holds and what kind of setup we get
as we get closer to that price
[09:28 am]
Ed : But keep in mind u have to be flexible,
meaning could get higher low, exact test, or
low gets taken out
[09:29 am] rusty
: Peregrine Financial CEO Pleads Not Guilty
to All Counts
[09:31 am] eyes :
http://abcnews.go.com/WNT/video/us-bridges-ro
ads-built-chinese-firms-14594513?tab=9482930?
ion=1206853&playlist=14594944
[09:
45 am] eyes : BAp
[09:46 am]
shark : AAPL holding R3
(644.787)
[09:49 am] eyes : Any
thoughts Ed BAP
[09:50 am] Ed : would like
to see how reacts to 120 area
[09:54 am]
qwert : theres 120 didnt take
long
[09:55 am] eyes : LOW
volume
[09:55 am] qwert :
yeah
[09:56 am] qwert : Ed did u
trade BAP
[09:57 am] eyes : I passed
as usual the low volume scared me
[09:57
am] Ed : yes
[09:57 am] qwert : what
price Ed
[09:57 am] eyes : Nice
Ed
[09:57 am] Ed : 119.83
[09:57 am]
qwert : nice
[09:58 am] qwert
: i passed as well eyes
[09:59 am]
eyes : Its funny i pass on the good
ones and get into the junk go
figure
[10:01 am] mh : eyes i know
how you feel
[10:01 am] qwert : Ed
did you scale in or all at once
[10:02 am]
Ed : I scaled in
[10:02 am] Ed : entries
12:54 and 12:55
[10:02 am] qwert :
did u get some in the .90 area
[10:02 am]
Ed : buyers had dropped off
tremendously
[10:03 am] Ed : yes
[10:03
am] qwert : r u saying that by watching
time n sales
[10:03 am] Ed : yes that,
also vol bars
[10:04 am] eyes : I
need to learn how to read the
Volume
[10:04 am] qwert : so by the
speed of time n sales
[10:04 am]
qwert : and of course the price
action
[10:04 am] Ed : yes and also,
seeing size bid x ask
[10:04 am]
eyes : My thought was very little
volume one player could move it big
time
[10:05 am] qwert : okay
thx i am really trying to work on
that
[10:05 am] eyes : Well I am
glad it worked for you Ed (:
[10:06 am]
qwert : ed is the time n sales
master :))
[10:06 am] Ed : it had
vol at 12:47 and 12:49 and 12:53
[10:06
am] Ed : the new age of tape
reading
[10:06 am] qwert : i love it
now just have to really understand
it
[10:07 am] Ed : also 120 area was
potential resistance due to 50ma and also had
issues there in pass. Thats where i got that
120 price from
[10:08 am] qwert : so
u opened 1/2 inthe .90 area what price for
2nd 1/2
[10:08 am] Ed : But be flexible
cuz price is never exact, tht would be too
easy
[10:08 am] Ed : and 119.76 on rest
for an avg of 119.83
[10:09 am] Ed : that
last entry was 12:55 to complete
position
[10:09 am] qwert : thx for
insight
[10:10 am] qwert : u still
have 1/4?
[10:10 am] Ed : if we had fast
market, meaning more volatility I would have
just entered 100% at 12:55
[10:10 am] Ed :
yes still have 1/4
[10:10 am] qwert
: wheres your stop on it now
[10:11 am] Ed
: 119.10
[10:11 am] Ed : really
tight
[10:11 am] Ed : Im out
[10:12 am]
qwert : nice trade
[10:12 am] Ed :
thx
[10:12 am] skydiver : very nice
Ed — learning from the best 🙂
[10:12 am]
Ed : thx sky
[10:13 am] skydiver :
question Ed — I’m having a system built by a
good computer expert friend and I’m hesitant
on monitor size for the stands — are you
using 24 inch monitors or?
[10:13 am]
mh : LEAP keeps moving up
[10:13 am]
Ed : yes
[10:14 am] Ed : 24inch
[10:14
am] qwert : SKY i just got a new system
and have all 24″ love them
[10:14
am] skydiver : okay — I think 23 inch
are a bit small for me == ok thnx
qwert
[10:14 am] qwert : Have u
purchased them yet
[10:14 am]
skydiver : not yet
[10:14 am]
skydiver : looking around
[10:15 am]
skydiver : I am looking at Falcon
stands – but want to make sure monitors I get
will fit — or find some other company
for stands
[10:15 am] skydiver :
probably get 8 monitors
[10:16 am] mikewd2
-: TSO S 39.45, trying again
[10:16 am]
qwert : I got a great deal from
overstock 24″ samsung refurbished only
169.00 each
[10:16 am] skydiver :
nice price!!
[10:16 am] eyes : Sky I
have falcon stands dont buy the Buy from
Costco.com theres are really nice
[10:17
am] skydiver : Costco has them?
okay eyes will check
[10:18 am] eyes
: I just bought two from them love
them
[10:18 am] skydiver : eyes —
24 inch monitors?
[10:18 am] eyes :
they will hold up to 27inch easy
[10:18
am] qwert : I got the stands from Easy
mount lcd via amazon awesome dual stands only
52.25 each
[10:19 am] Ed : for the mount,
try easymountlcd.com
[10:19 am]
skydiver : ok — wow — glad I asked
you guys 🙂
[10:19 am] Ed : rigth they are
lot more reasonable
[10:19 am]
skydiver : love making money and love
saving money 🙂
[10:20 am] qwert : I
spent alot of time searching for the best
deals
[10:20 am] eyes :
LFL
[10:20 am] skydiver : great —
thnx
[10:20 am] qwert : what
computer are you getting
[10:21 am]
mikewd2 -: rusty: you still in a TSO
short?
[10:21 am] mikewd2 -: appears
yearly high 39.62
[10:21 am] mikewd2 -:
putting my stop just slightly above that
point
[10:23 am] qwert : Monitoring
CTCT
[10:27 am] rusty :
yes
[10:27 am] rusty : FRAN come to
papa
[10:32 am] skydiver : CPU
Intgel Core I-7 16 gb memory 1 tb digital
hard drive 2 ATI firepro 2450 4 port
vicdeo cards plus 250 gb SSD drive and
one extra 1TB drive plus 8 monitors
[10:32
am] skydiver : okay — back to work now
—
[10:32 am] mikewd2 -: wow – sky, and i
trade on a HP laptop with 17.2″
monitor.
[10:32 am] skydiver :
🙂
[10:33 am] mikewd2 -: nice bounce in
MCP
[10:33 am] mikewd2 -: analyst
defending company
[10:33 am]
skydiver : yes – will be a nice upgrade
from my commodore 64 mike 🙂
[11:02 am]
cowboyh : is anybody out
there
[11:02 am] Ed :
yeeeeeeeeeeeees
[11:02 am] cowboyh :
its like the dead zone
[11:03 am] Ed :
slowest day of year probably
[11:05 am]
eyes : Well I am done 5loss 1 BE see
you all monday
[11:06 am] cowboyh :
have a good weekend eyes
[11:06 am]
skydiver : take care eyes – have a good
week-end
[11:07 am] Ed : c ya
eyes
[11:14 am] skydiver : FST –
approached by several buyers
[11:20 am] Ed
: thx sky
[11:20 am] skydiver :
covered 1/2 of FST S 7.89 –
7.77
[11:21 am] skydiver : moving
stop down to be on FST S
[11:24 am]
skydiver : stopped out of last piece of
FST
[11:25 am] skydiver : well made
a few cents on FST
[11:28 am]
skydiver : monitoring LNKD
[11:35
am] skydiver : LULU and JOY – topping
out?
[11:49 am] skydiver : AAPL at
all time high
[11:54 am] jolliffboy
: Mitch, Ed, anybody…since its it such a
slow day could I ask for your opinion on MCP.
It’s aaround a two year low. Do you see a
future in this stock.
[11:55 am]
joeytsa : i wouldnt touch it until i
saw instutional traders putting money into
it
[11:58 am] Ed : agree with joey, its
dead money right now
[11:58 am]
jolliffboy : It has traded 28 million
share today. Must be some institutions
involved from a sell standpoint. Hows can I
tell if the institutions are getting back in
like you mentioned. Still learnbing. Thanks
joey, Ed.
[11:59 am] joeytsa :
doesnt matter what i think, or what the stock
p/e ratio etc is….only thing that moves a
stock up is buying
[11:59 am]
jolliffboy : I gotcha. Thanks
[11:59
am] joeytsa : simple way i used to use
was look up the stock on IBD
[12:00 pm]
mh : FST
[12:00 pm] joeytsa :
they give an acc/dis grade
[12:00 pm]
shark : I thought AAPL might ping at
645 today
[12:00 pm] joeytsa : still
might
[12:00 pm] jolliffboy : Ok,
I’ll check it out.
[12:00 pm] shark
: maybe it will shoot for 650
[12:00 pm]
shark : loves to “ping” on options
expiry day
[12:01 pm] joeytsa : 645
does look like the # though
[12:02 pm]
shark : 650 has most options contracts
outstanding
[12:03 pm] shark : 2×1
vs 645 calls
[12:04 pm] shark : .20
increased to 2.05 on the 645 calls
[12:04
pm] shark : AND climbing
[12:14 pm]
shark : LSTR spike
[12:15 pm]
gub : Hi ya’ll – What have I
missed lately?
[12:15 pm] shark :
….lots, gub
[12:15 pm] gub :
Mitch, have you got your trading platform
ready?
[12:16 pm] gub : shark: lot’s
/- such as?
[12:17 pm] gub : pls.
fill me in, shark
[12:17 pm]
shark : FB s, AAPL l, KORS l
[12:17
pm] shark : too many to mention, hv to
read the daily transcript
[12:17 pm]
joeytsa : plus most of the scalps are
over anyways
[12:18 pm] gub : oh yes
– must catch the scalps in AM or nor scalpy
at all for the day!
[12:19 pm] gub :
Is Mitch’s trading platform out?
[12:19
pm] joeytsa : not yet
[12:19 pm]
gub : when?
[12:20 pm] joeytsa
: no clue
[12:20 pm] gub : Thank! –
joey!
[12:21 pm] joeytsa : he is
still tweaking it
[12:21 pm] gub :
it’s better to send it out to few and let
them disacover the bugs. It works faster that
way.
[12:22 pm] joeytsa : its hard
to say, is a bad trade a bug or a trader with
no clue if it is a good signal
[12:22 pm]
gub : making any $ joey?
[12:22 pm]
joeytsa : green light/red light..still
have to use trader common sense
[12:23 pm]
gub : yes this is right.
[12:24 pm]
rusty : PSTI radar
[12:24 pm]
gub : people must get their drivers
license before they can drive.
[12:26 pm]
shark : FB 3x re-test 19.05
area
[12:27 pm] shark : higher lows,
technically, if it holds
[12:30 pm]
qwert : Ed are you waiting to see if
DECK can run to 52 area
[12:31 pm]
shark : some selling in SPY
[12:34
pm] Ed : I was but will pass
[12:36 pm]
mh : FB may break 19
[12:36 pm]
shark : sure looks like it
[12:37
pm] Ed : they are tryn there best to defend
19
[12:37 pm] mh : nope
[12:37
pm] Ed : ton of large orders
[12:37 pm]
shark : wow
[12:37 pm] rusty :
same way they tried to defend it at
38?
[12:38 pm] shark :
haha
[12:38 pm] Ed : it can only last soo
long,
[12:38 pm] shark : how many
more shares getting released in Nov,
rusty?
[12:39 pm] shark : anyone
know?
[12:39 pm] joeytsa : no
clue
[12:41 pm] rusty :
400M+
[12:41 pm] joeytsa : Thanks
Mitch, Ed, everyone..have a great
weekend
[12:42 pm] shark : I show
2.1B shares outstanding to date
[12:42 pm]
rusty : 420M November
[12:42 pm] Ed
: take care joey
[12:42 pm] shark :
40.9B mkt cap, PE 110 (trailing)
[12:42
pm] shark : bye joey!
[12:42 pm]
shark : kick some P90X ass
[12:43
pm] rusty : 11/14/2012 FACEBOOK INC FB
Nasdaq Global Market
421,233,615
[12:44 pm] joeytsa :
i’ll do my best haha
[12:44 pm]
rusty : take care joey
[12:45 pm]
shark : thx, rusty
[12:46 pm]
rusty : np
[12:49 pm] victor51
: Have a nice weekend everyone and will see
you next week
[12:50 pm] shark : 🙂
ciao victor51
[12:50 pm] rusty :
hagw victor and all the good
traders
[12:57 pm] shark : watching
FB
[12:57 pm] shark : AAPL trying
for 650
[01:00 pm] qwert : Bye
everybody have an awesome weekend
cya on monday
[01:00 pm] shark : oh
man…not quite
[01:00 pm] shark :
bye everyone, have an awesome
weekend.
[01:08 pm] Ed : have great
weekend
[01:09 pm] madison : have a
great weekend
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