| (05:54 am) JoeyTSA :/CL has R1 just under
$108, touched it about 20min ago and gave a
40c pullback, watch area
(06:14 am) Mitch :August 5, 2013 Pre Market
Up: GRPN, JOSB, GMCR, VOD, KDN, NFLX, CELG,
LPX, IBN, AAPL, RIG, CBST Pre Market Dow:
CONN, LNKD, AEGR, TSLA, Z, NUGT, HBC
(06:25 am) Mitch King:getting sell signal in
CL 10
(06:30 am) Mitch King:watching JKS for
bottom
(06:30 am) Mitch King:watching FAST for
trades today
(06:30 am) Mitch King:Remember oil
inventories are today, i think at 1100am
eastern, natural gas is at 1000am
(06:31 am) Mitch King:watchign DE for bottom
(06:32 am) Mitch King:COST probably trends up
again today
(06:32 am) Mitch :watching BV
(06:32 am) JoeyTSA :LNKD strong so far off
gap down
(06:32 am) Mitch :watching YY
(06:32 am) Mitch King:monitoring WAG,
(06:33 am) JoeyTSA :BIDU pullback
(06:33 am) Ed :OAS monitoring
(06:33 am) Mitch King:NFLX trending up again
today
(06:33 am) Mitch King:monitoring FRAN
(06:33 am) Mitch King:watching KMI
(06:34 am) JoeyTSA :eye on NFLX for run to
$300
(06:35 am) Mitch King:BIDU bouncy now
(06:35 am) Mitch King:watching BIDU for
bottom
(06:35 am) JoeyTSA :eye on CBST $64 level
(06:35 am) Mitch King:watching ETE
(06:35 am) Mitch :watching GMCR
(06:36 am) Mitch King:watching CBST
(06:36 am) JoeyTSA :/ES testing tri-top area
(06:38 am) Mitch King:monitoring YELP
(06:39 am) JoeyTSA :missed SINA, on radar
though
(06:39 am) Mitch King:watching MSG closer
(06:39 am) Mitch :watching for short SCTY
(06:39 am) Murano :watching FB
(06:40 am) JoeyTSA :tighten BIDU if long
(06:41 am) Mitch King:IBN still trending up
(06:41 am) Mitch :watching FB
(06:41 am) Ed :reduce OAS if u took long
(06:42 am) Mitch King:monitoring SFUN
(06:42 am) Mitch King:watching CONN for
bottom
(06:43 am) JoeyTSA :watching QIHU also
(06:43 am) Mitch King:MSG trying to bounce
(06:45 am) Mitch King:monitoring HIMX
(06:46 am) JoeyTSA :eye on Z dbl bot area
(06:46 am) Ed :SPY new hod
(06:46 am) Mitch King:watching SFUN closer
(06:47 am) JoeyTSA :close eye on AMZN here
(06:48 am) Mitch :watching YELP
(06:48 am) Mitch King:monitoring SHLD
(06:49 am) Mitch King:thats NG 10-13
(06:49 am) JoeyTSA :crude 8pdt
(06:49 am) JoeyTSA :i think Nat Gas is
7:30pdt
(06:49 am) Mitch King:Natural Gas inventories
in 11 minutes
(06:50 am) Mitch King:thats what is normal
time for NG Joey but i am reading it at 700am
pdt, i thought it was odd, i figured it was
because two reports in same day
(06:50 am) JoeyTSA :ISM and factory orders
should be up at 7pdt
(06:54 am) Ed :for my interest on QCOR would
like selling @near65ish level
(06:54 am) Ed :QCOR monitoring for potential
long, needs more selling first
(06:56 am) Mitch King:looking for bounce in
CL 10
(06:57 am) JoeyTSA :tighten Z if long
(06:58 am) JoeyTSA :$107.37 is pp for /CL
(06:59 am) Qwert :monitoring LPX
(07:00 am) Ed :*(US) AUG ISM
NON-MANUFACTURING COMPOSITE: 58.6 V 55.0E
(07:00 am) Ed :*(US) JULY FACTORY ORDERS:
-2.4% V -3.4%E
(07:02 am) JoeyTSA :eye on 1658 /ES, push
thru can run it to 1660 quick
(07:04 am) Ed :would try and trail if u still
have piece long of OAS
(07:05 am) Mitch King:2nd chance at long in
CL 10
(07:08 am) JoeyTSA :NUGT trying to hold $75
(07:08 am) Mitch King:watching FENG
(07:08 am) Ed :on /GC 1381 was lod earlier,
watch that level
(07:09 am) JoeyTSA :NUGT can be volatile, its
a 3x
(07:11 am) Ed :same goes for NUGT
(07:11 am) Ed :/GC still trying to find
bottom
(07:12 am) JoeyTSA :SINA nice hold of $82 so
far
(07:13 am) Ed :on /GC 1372 is 38% retrace fib
from move off bottom
(07:14 am) Ed :just level to keep eye on, it
already test level once few days ago
(07:16 am) JoeyTSA :maybe tighten QIHU if you
are long
(07:24 am) JoeyTSA :/NG pulling back from R1
level
(07:30 am) Ed :US) WEEKLY EIA NATURAL GAS
INVENTORIES: +58 BCF VS. +52-58 BCF EXPECTED
RANGE –
(07:48 am) Murano :watching OAS
(07:57 am) JoeyTSA :crude inv coming out in 2
min
(08:00 am) Ed :*(US) DOE CRUDE: -1.84M V
-0.5ME; GASOLINE: -1.83M V -0.5ME;
DISTILLATE: +550K V +0.5ME – Utilization
rate: % v 90.9%e – Distillate demand K to
3.xxM bpd – Gasoline demand K to 9.xxM bpd
(08:05 am) JoeyTSA :CONN getting some buying
(08:12 am) Ed :SPY trading in range
(08:27 am) JoeyTSA :/CL on nice run
(08:29 am) JoeyTSA :JOSB, in a $1 range, just
watching
(08:30 am) Mitch King:looking for CL 10 to
start turning over
(08:36 am) Mitch King:downtrend starting in
CL
(08:37 am) Ed :Putin has threaten to provide
Syria with missile shiled in even of US
airstrikes. Also warns without UN backing
would provoke military aid from Russia
(08:38 am) Ed :shiled in even= shield in
event
(08:57 am) JoeyTSA :ACT with a 50c spike,
probably not worth it right now
(09:06 am) Ed :Market Internals update at
12:00ET – NYSE volume 225M shares, about 8%
below its three-month average; advancers lead
decliners by 1.1:1. – NASDAQ volume 710M
shares, about 3% above its three-month
average; advancers lead decliners by 1.6:1.
– VIX index -1% at just over 15.00
(09:48 am) JoeyTSA :SINA, QIHU get a bit of
buying
(09:57 am) Qwert :monitoring ACAD
(09:59 am) Ed :SPY trading in nice triangle
pattern
(10:00 am) JoeyTSA :lower vol, but eye on
DATA
(10:08 am) JoeyTSA :/GC been on a nice move
(10:56 am) Qwert :will watch LNKD at 248
level
(11:01 am) Ed :Market Internals update at
14:00ET – NYSE volume 320M shares, about 7%
below its three-month average; advancers lead
decliners by 1.1:1. – NASDAQ volume 1.0B
shares, about 1% above its three-month
average; advancers lead decliners by 1.6:1.
– VIX index -1.1% at just over 15.00
(11:21 am) JoeyTSA :eye on NUGT
(11:22 am) Mitch King:GC, gold futures
dropping
(11:30 am) JoeyTSA :eye on TSLA
(11:36 am) Mitch King:big drop in GOLD, GC
(12:07 pm) JoeyTSA :jobs report tomorrow,
just a reminder
(12:21 pm) JoeyTSA :watching MDVN
(12:22 pm) JoeyTSA :FRX vol spike
(12:34 pm) Ed :Market Internals update at
15:30ET – NYSE volume 410M shares, about 9%
below its three-month average; advancers lead
decliners by 1.1:1. – NASDAQ volume 1.25B
shares, about 2% below its three-month
average; advancers lead decliners by 1.7:1.
– VIX index -1.5% at just over 15.00
(12:53 pm) Mitch King:see you guys tomorrow
(12:54 pm) Ed :have great eve traders | (05:32 am) chinhngo :good moring joey,qwert,
regetta and taco
(05:33 am) taco :gm chin
(05:34 am) chinhngo :look conn drop 12%
(05:35 am) chinhngo :and mdxg up 16%
(05:38 am) taco :gm Qwert Joey regatta and
toby
(05:46 am) JoeyTSA :Good morning Mitch,Qwert,
everyone
(05:47 am) JoeyTSA :bunch of reports today,
some already out..big one is ISM @ 7pdt, nat
gas @ 7:30 and crude oil @ 8
(05:47 am) Qwert :Good morning Mitch, Joey
and to everybody
(05:52 am) JoeyTSA :early gap down:
CONN,LNKD,TITN,Z
(05:52 am) chinhngo :good morning mitch
(05:53 am) JoeyTSA :early gap up:
YY,CELG,NFLX,AAPL,
(05:54 am) Qwert :Thx Joey
(05:58 am) Qwert :LPX a nice gap up
(05:59 am) JoeyTSA :good one qwert, also saw
KDN but looks like a merger or something
(05:59 am) Qwert :KDN a buyout at 35.50
(06:00 am) JoeyTSA :thx
(06:00 am) JoeyTSA :thats what it looked like
by the chart
(06:00 am) Qwert :yeah giant gap no range
(06:01 am) JoeyTSA :yep, whenever i see that
“flatline” thats my 1st guess
(06:01 am) taco :i thought /CL might pop on
pit open
(06:01 am) JoeyTSA :great thought 🙂
(06:01 am) Qwert :it sure did taco
(06:01 am) taco :seems to do opposite of
biggest moves open & close
(06:03 am) taco :but won’t bank on it
(06:03 am) JoeyTSA :but indis started turning
a bit before
(06:03 am) JoeyTSA :just ran right up into R1
and paused, see what it does from here
(06:10 am) Qwert :good morning Ed, Disona
(06:11 am) Ed :good morning
(06:11 am) JoeyTSA :gm Ed, Diosna, everyone
else who logged in
(06:12 am) Ed’s assistant :Good Morning joey
(06:16 am) JoeyTSA :thx Mitch for list
(06:17 am) JoeyTSA :/CL just riding this $108
area
(06:17 am) skydiver :gm all
(06:20 am) herman :gm all
(06:21 am) Murano :good morning
(06:22 am) chinhngo :any idea about mdxg ?
(06:22 am) JoeyTSA :i cant help you on that
one chin, i dont touch those types
(06:25 am) Mitch King:hey chingo, that was
sort of a one time event but is worth
watching. i wouldnt expect it to be an
automatically good trading stock
(06:26 am) taco :thx for gaps and info joey
and Mitch
(06:27 am) chinhngo :thank you your idea i
take your advice less gamble
(06:28 am) vision :good morning everyone
(06:29 am) elisha :gm all
(06:30 am) JoeyTSA :nat gas is 7:30 i think
pdt
(06:31 am) taco :watching TSLA
(06:31 am) regatta :watching EJ, low price
(06:34 am) JoeyTSA :possibly AMZN run to $300
on watch
(06:39 am) JoeyTSA :Z giving decent swings so
far
(06:41 am) JoeyTSA :BIDU still has more room,
but i am playing thing tighter again
(06:42 am) JoeyTSA :nice on TSLA taco
(06:43 am) taco :did u get it? i didn’t
(06:44 am) JoeyTSA :no, was busy with other
ones
(06:44 am) skydiver :thnx taco for heads up
on TSLA
(06:44 am) JoeyTSA :gave about $2.50 bounce
or so
(06:44 am) taco :np
(06:44 am) skydiver :only got 1.88 of TSLA
bounce, not the 2.50
(06:45 am) taco :sweet
(06:45 am) skydiver :owe you lunch taco
(06:45 am) skydiver ::)
(06:45 am) JoeyTSA :do that everyday and you
can hire someone to build the decks for you
🙂
(06:45 am) taco :not mexican pls
(06:45 am) skydiver ::)
(06:46 am) skydiver :thanks for COST —
Mitch
(06:48 am) skydiver :LNKD been moving up
again this morning
(06:48 am) JoeyTSA :great bounce in CONN
(06:48 am) JoeyTSA :yeah sky, LNKD really
good so far
(06:51 am) JoeyTSA :i have it listed as
7:30pdt
(06:51 am) chinhngo :bought msg at 56.31
(06:51 am) chinhngo :bought conn at 60.05
(06:52 am) JoeyTSA
:http://www.forexfactory.com/
(06:53 am) Mitch King:ok thanks joey
(06:54 am) chinhngo :sold conn at 60.55 make
500.00 thank joey
(06:54 am) JoeyTSA :no prob, holiday weeks
mess up reports
(06:54 am) JoeyTSA :good job chin
(06:54 am) skydiver :monitoring CF
(06:55 am) skydiver :nice chinn – I got out
a bit early on CONN
(06:55 am) JoeyTSA :CONN still on fire
(06:56 am) skydiver :LULU broke thru vwap
(06:56 am) JoeyTSA :just got stopped on CONN
(06:56 am) chinhngo :gold is up may be buy
nugt ?
(06:57 am) Ed :gold is down from highs it
made earlier
(06:59 am) JoeyTSA :qwert: did you get LPX
from earlier, nice call
(06:59 am) chinhngo :lpx is long ?
(06:59 am) Qwert :yes short then long
(06:59 am) JoeyTSA :good job
(07:00 am) chinhngo :you are good joey
(07:01 am) JoeyTSA :both CONN and Z gave
great bounces off of prev low
(07:01 am) JoeyTSA :thx Ed for info
(07:02 am) JoeyTSA :chin: every broken clock
is wrong twice a day 🙂
(07:02 am) JoeyTSA :is rigth i mean
(07:04 am) chinhngo :watch for long gild ?
(07:05 am) taco :/CL is trickier to trade
than last week it seems
(07:05 am) JoeyTSA :seems it taco
(07:11 am) JoeyTSA :great call on YELP, both
ways
(07:11 am) JoeyTSA :watching CONN again
(07:14 am) JoeyTSA :thank you Ed, good to
know
(07:15 am) JoeyTSA :/NG trading @ 3.700 ,
kind of inbetween highs/lows, report in 15
min
(07:17 am) JoeyTSA :QIHU has been trending up
so far though
(07:17 am) JoeyTSA :same with SINA
(07:18 am) taco :back in an hr, stay
profitable:)
(07:19 am) skydiver :see ya taco
(07:23 am) JoeyTSA :bye taco
(07:24 am) skydiver :long COST again –
114.72 – maybe got in too late?
(07:26 am) skydiver :not liking COST long
action at moment . . .will try again later
(07:31 am) JoeyTSA :thx Ed, nice quick
downmove
(07:31 am) JoeyTSA :time to eat, keep eye on
SINA $83 level for next breakout possibility
(07:32 am) chinhngo :try to learn xone is
long at bottom or wait break 65.69 will short
please?
(07:33 am) Ed :no bottom in place yet chin
(07:33 am) Ed :stock in downtrend
(07:33 am) chinhngo :can i short if
break65.72
(07:33 am) Ed :but would not short now,too
much risk as it has dropped 4.5 points
(07:33 am) skydiver :SPY moving down
(07:34 am) chinhngo :thank mr ed so what to
do with it
(07:34 am) Ed :nothing, just sit and wait,
see uf get bottom of 50sma
(07:35 am) Ed :if not there wait for 65 level
see how stock reacts
(07:36 am) Ed :what u look for chin, on stock
like this being in downtrend, is see if get a
low, then wait for retest of low make sure
does not get taken out before establising
long, this is more conservative approach, but
best when trying to play against trend
(07:37 am) Ed :this approach can be applied
to any instrument
(07:40 am) Ed :this is where patience is
really key
(07:43 am) elisha :Another great mini lesson
Ed – Thank you
(07:43 am) Ed :thx elisha
(07:44 am) skydiver :thnx for great calls
and teaching points again . . had 7 trades –
4 solid wins – 2 mishandled with losses – and
one big mis handled one but came ouit close
to be — ended up good day, but more to learn
— have a great day all 🙂
(07:44 am) Ed :take care sky
(07:44 am) Qwert :cya sky
(07:44 am) elisha :bye sky
(07:45 am) skydiver ::)
(07:47 am) vision :bye sky
(07:57 am) JoeyTSA :good lesson Ed
(07:57 am) Ed :thx joey
(07:57 am) Qwert :thx joey
(08:00 am) JoeyTSA :thx Ed
(08:11 am) Qwert :Joey did you get CONN
(08:12 am) JoeyTSA :not on that last move
(08:13 am) Qwert :It looked like your type of
trade
(08:13 am) JoeyTSA :yeah, just missed it
(08:14 am) chinhngo :eqix is long ?
(08:14 am) Qwert :you are great at those
continuation trades me not so much 🙂
(08:16 am) JoeyTSA :be right back qwert
(08:18 am) JoeyTSA :i just find those to be
easier to look for, only have to look in one
direction
(08:20 am) JoeyTSA :still need to get more
organized with both those types and trending
stocks..need to set up a workspace for those
(08:21 am) Qwert :I just have a tendency to
think reversal first
(08:22 am) JoeyTSA :that CONN short was nice
eright there
(08:22 am) JoeyTSA :right back to breakout
area basically
(08:22 am) JoeyTSA :still trading below gap,
but short term breakout area
(08:22 am) Qwert :i tried for entry and didnt
get filled
(08:23 am) Qwert :didnt want to chase 5 cents
guess i could have
(08:23 am) JoeyTSA :safer that way, but if
you really want in, thats where market orders
do well, just dont get great fills at times
(08:24 am) Qwert :yep i almost never do a
market order
(08:24 am) JoeyTSA :5 cents makes a different
if you are only shooting for a 20c gain
(08:24 am) JoeyTSA :but when a stock has
wider targets you can loosen that up
(08:25 am) JoeyTSA :to miss a $2 move because
of 5c irks me haha
(08:25 am) Qwert :oh yeah but on that one
certainly shooting for way more
(08:25 am) Qwert :exactly im officially
irked
(08:25 am) JoeyTSA :but i also rarely ever
get exact tops or bottoms, but i can live
with that
(08:25 am) JoeyTSA :haha
(08:26 am) chinhngo :conn at lightning have
a buy signal should long now on conn
(08:26 am) JoeyTSA :Ed does great at getting
closer to the extremes than i do
(08:26 am) JoeyTSA :CONN $62 was fairly low
risk entry point, i didnt get it though
(08:26 am) Qwert :Ed is a machine 🙂
(08:27 am) chinhngo :thank joey
(08:27 am) JoeyTSA :yeah, im a neanderthal
compared to him
(08:27 am) Qwert :me too
(08:28 am) Ed :I need some oiling
(08:29 am) JoeyTSA :Ed trades with a scalpel,
i still have my caveman club
(08:29 am) Qwert :haahaha
(08:29 am) Ed :lol
(08:30 am) JoeyTSA :qwert: best thing about
breakouts/continuations etc is that you can
set alerts where price interests you
(08:31 am) JoeyTSA :im watching QIHU @ $85
level at the moment, see what it does
(08:31 am) Qwert :thx will watch it too
(08:31 am) JoeyTSA :its in no mans land for
me, but other traders might see a potential
50c move opportunity
(08:32 am) JoeyTSA :that earlier pullback to
$84 was a great low-risk point though
(08:32 am) JoeyTSA :had a 4:1 r/r at that
level
(08:33 am) JoeyTSA :traders who dont like to
, or cant, short stocks, would look for those
type of pullbacks/setups
(08:33 am) Qwert :So original stop at? if you
buy at 84.20 area?
(08:34 am) JoeyTSA :if buy at 84, stop around
83.75, with $85 the target
(08:34 am) Qwert :okay thx
(08:34 am) JoeyTSA :or i like to use 84.96
just in case
(08:35 am) Qwert :same here never shoot for a
round number
(08:35 am) JoeyTSA :on that trade, looks like
bounce stopped near 84.92, and on the
following pullback would have stopped me out
because i would have trailed up to at least
84.50
(08:36 am) JoeyTSA :so even if stopped at
84.50, thats a 2:1 r/r
(08:37 am) Qwert :nice
(08:37 am) JoeyTSA :now had you set a 20c
stop loss, now your 4:1 would have been to
84.80, and you would have nailed it
(08:38 am) JoeyTSA :probably best to set your
stop/risk level, then see if the r/r is worth
it
(08:38 am) Qwert :thats what i try to do
(08:39 am) JoeyTSA :thanks Ed, going to get
interesting
(08:40 am) JoeyTSA :and also, as you raise
your stop, your r/r changes, but i just look
at it at trade entry
(08:48 am) JoeyTSA :interesting parallel with
syria and chemical weapons
(08:48 am) JoeyTSA :there was always the
rumor that no wmds were found in iraq because
saddam had already moved them into
syria..wonder if just a coincidence or not
(09:07 am) Qwert :thank you ED
(09:20 am) JoeyTSA :hey Ed, start a rumor or
something..im falling asleep over here
(09:22 am) chinhngo :BUY MDSG YOU WILL BE
EXCITING JOEY
(09:22 am) JoeyTSA ::)
(09:23 am) JoeyTSA :watching CONN @ $62, but
doubt anything will come of it during east
coast lunch hour
(09:24 am) JoeyTSA :will be watching
CONN,SINA,QIHU though once lunchhour is over
(09:27 am) Ed :maybe another talk of war
(09:27 am) Ed :lat time i said that, we got
the syria news LOL
(09:31 am) Murano :it seems strange to me
that thousands of Mexicans have been killed
by the drug dealers over the last few years
and we have launched any tomohawks on Mexico
but 1700 are killed in Syria and we are ready
to start a war
(09:31 am) Murano :shoudl read not launched
any tomohawks on Mexico
(09:32 am) Ed :good point
(09:32 am) Murano :over 3500 killed in Cuidad
Juarez in one year, just across the border
from El Paso
(09:33 am) JoeyTSA :yeah murano
(09:33 am) JoeyTSA :100k die yearly from FDA
approved products, maybe aim a few that way
too
(09:34 am) Murano :in fact this government
sold weapons to the drug cartels (fast and
furious program)
(09:34 am) JoeyTSA :yep
(09:35 am) regatta :just watching RMTI, low
priced
(09:36 am) JoeyTSA :CONN gave 80c bounce, but
i didnt take it
(09:36 am) Mitch King:you guys get the
feeling that Putin and Obama don’t like each
other? like two bullies that cant get along
(09:36 am) JoeyTSA :definately get that
feeling
(09:36 am) Qwert :yes for sure
(09:36 am) Murano :no doubt about that
(09:36 am) JoeyTSA :putin must be racist
(09:36 am) Mitch King:it is not a good
pattern
(09:37 am) Murano :stupid stuff like this
could cause a real war
(09:37 am) Mitch King:what would be the two
Russian destroyers for? to intimidate the
USA not to send too many cruise missiles into
Syria?
(09:37 am) Mitch King:right, agree murano
(09:37 am) Mitch King:thats why oil is so
strong today i think
(09:37 am) JoeyTSA :going to be interesting
(09:38 am) Murano :old men send young men to
get killed in a war
(09:38 am) Mitch King:well at least good
volatility in the markets, especially the
futures
(09:43 am) JoeyTSA :Mitch: going back to your
1st question, you might get a kick out of
this…
(09:43 am) JoeyTSA
:http://www.tomatobubble.com/putin_obama.html
(09:46 am) taco :funny joey
(09:47 am) Mitch King:thats too funny Joey,
you;re a bad boy!
(09:47 am) JoeyTSA ::) gotta love what you
can find with a google search
(09:47 am) JoeyTSA :i typed in ” does putin
like obama”
(09:48 am) Qwert :that was great joey
(09:59 am) chinhngo :please post monitor for
long or short ?
(10:00 am) JoeyTSA :thx Ed
(10:00 am) Ed :Best to be flexible chin, as
SPY can have break either way out of
triangle
(10:01 am) chinhngo :but i do not know what
way will be
(10:01 am) JoeyTSA :Mitch, looks like Putin
has issue with Kerry now too…
(10:01 am) JoeyTSA
:http://www.huffingtonpost.com/2013/09/05/put
in-kerry-liar_n_3874122.html?icid=maing-grid7
%7Cmain5%7Cdl1%7Csec1_lnk2%26pLid%3D369252
(10:01 am) Ed :On SPY no one else knows
either chin
(10:02 am) Ed :thats why u have to be
flexible and prepared
(10:02 am) JoeyTSA :i always wished i KNEW
which way something was going to move
(10:02 am) chinhngo :thank please post when
you are trade
(10:04 am) chinhngo :most of the time i go
wrong way when i look your chart keep
learning but look like i am very slow to
understand
(10:05 am) chinhngo :this morning i chase
msg at 56.31
(10:05 am) Ed :i did not like vol on MSG, so
did not trade
(10:05 am) chinhngo :and have stppoed out
but i am happy to lear cut the lossed most of
time before i never did it but buy more and
more
(10:05 am) JoeyTSA :nice on ACAD qwert
(10:06 am) elisha :joey- just caught up with
posts and read your lesson on QIHU – good
stuff – thanks
(10:06 am) JoeyTSA :thx elisha
(10:06 am) Qwert :hey Joey i got a
continuation :))
(10:06 am) JoeyTSA :there ya go !!!!
(10:08 am) Murano :chin, if you look at a two
minute chart on DATA it is in oversold area
on MACD and RSI but that doesn’t mean it will
reverse the downtrend. I would look for more
volume.
(10:09 am) chinhngo :thank murano
(10:10 am) Murano :you need to be careful
with a stock like DATA, it has a 15 to 20
cent spread
(10:11 am) JoeyTSA :and spotty volume
(10:11 am) JoeyTSA :i usually avoid lower vol
stocks
(10:11 am) JoeyTSA :just happened to see that
it had come down $4+
(10:20 am) JoeyTSA :lunch time for me, see
you top of the hour
(10:21 am) taco :enjoy
(10:21 am) Murano :chin, if you look at RMTI
on the screen right now it looks like a short
candidate, but it just passed a phase 3 on a
new drug for iron deficency tha seeking alpha
calls a game changer
(10:36 am) Murano :done for the day, need to
start packing, should be back in the room on
the 17th
(10:37 am) taco :have a great vaca murano
(10:37 am) Qwert :bye Murano have a great
time
(10:38 am) herman :have a good holiday
(10:49 am) Ed :take care murano
(11:01 am) JoeyTSA :DATA actually made nice
recovery
(12:08 pm) JoeyTSA :jobs are @ 5:30pdt
tommorrow morning
(12:08 pm) chinhngo :what do you guess for
job report
(12:09 pm) JoeyTSA :i dont guess
(12:09 pm) JoeyTSA :and i also rarely believe
any # put out
(12:09 pm) Qwert :i just trade the reaction
chin
(12:09 pm) chinhngo :just fortune teller
(12:09 pm) Qwert :yes they change them after
the fact always
(12:09 pm) JoeyTSA :forecast is for 178k ,
7.4%
(12:10 pm) chinhngo :but good job number
will be more taper qe so will make market go
down how do you think ?
(12:11 pm) JoeyTSA :just be prepared for
either way
(12:12 pm) JoeyTSA :if i KNEW what was going
to happen, i would go put 100% of my account
on something..but i dont, so i dont 🙂
(12:12 pm) chinhngo :not 100% but may be
60%
(12:13 pm) JoeyTSA :again, i avoid as much
guesswork as i can
(12:13 pm) JoeyTSA :but i like those who
gamble on guesses, i need their money 🙂
(12:15 pm) Qwert :lol
(12:15 pm) chinhngo :now sp down but uvxy
still go down so tommorrow spx will go up how
do you think ?
(12:15 pm) JoeyTSA :but i will keep an eye on
the 3% level for the 10yr bond
(12:16 pm) JoeyTSA :same answer, i only think
about tomorrow, when tomorrow become today
(12:16 pm) chinhngo :you are so reallistic
(12:16 pm) JoeyTSA :or just hate losing money
haha
(12:17 pm) Qwert :im realistic because i have
lost money
(12:17 pm) chinhngo :this is big factor
(12:17 pm) JoeyTSA :i can lose money good
enough when i am awake and actually watching
my trade
(12:18 pm) chinhngo :do you have any hold
overnight ?
(12:18 pm) JoeyTSA :right now, the 10yr and
oil will tell me the story
(12:18 pm) Ed :SPY still nice tight
(12:19 pm) JoeyTSA :no, except for a couple
of stocks i inherited a while back..cant even
remember which 3 or 4 they are either
(12:19 pm) JoeyTSA :guess i should take a
look sometime and see
(12:20 pm) chinhngo :post what you hold
overnight please so i blind follow up with
you ?
(12:20 pm) JoeyTSA :but chin, some people are
really into roi, % etc..im just not that
type
(12:20 pm) JoeyTSA :yeah, dont recommend that
one hha
(12:20 pm) JoeyTSA :thats why i dont hold
overnight
(12:20 pm) Qwert :chin dont follow anyone
blindly
(12:20 pm) chinhngo :i do not mind what
reason i JUSTwant small profit that is good
enought for me
(12:21 pm) JoeyTSA :and if i ever do again,
it will only by with a weekly option
(12:21 pm) JoeyTSA :you want small
profit…get a job
(12:21 pm) taco :bam
(12:21 pm) chinhngo :i have full time job
already very busy
(12:22 pm) JoeyTSA :oh ok, then dont crap
away profits on marginal trades
(12:24 pm) chinhngo :i try joey
(12:25 pm) JoeyTSA :same here, some
days/trades are better than others
(12:26 pm) chinhngo :but not fun today
(12:26 pm) JoeyTSA :let good setups come to
you
(12:26 pm) JoeyTSA :agree, slow
(12:27 pm) Qwert :Hey just realized theres
football on tonight 🙂
(12:27 pm) JoeyTSA :i would rather lose $800
on a great setup that failed than $200 on
some forced trade with no clear direction
(12:27 pm) JoeyTSA :yeah qwert,
broncos/ravens
(12:27 pm) JoeyTSA :gotta cheer for the
broncos for my bro-in-law
(12:28 pm) Qwert :chargers fan here so hard
to cheer for the broncos
(12:29 pm) JoeyTSA :yeah, im a redskins fan,
we go there in october
(12:29 pm) Qwert :that should be fun
(12:29 pm) JoeyTSA :the team does, not sure
if i am flying up or not..but if i go i have
to sit with the family so i cant cheer for
the ‘skins
(12:30 pm) Qwert :just cheer silently 🙂
(12:30 pm) JoeyTSA :told wife, if we go, i
will stand by the bathroom and cheer
(12:30 pm) Qwert :lol
(12:30 pm) JoeyTSA :if not, i would make all
the coaches wives/families really mad
(12:31 pm) Qwert :CONN all the way back to
open
(12:32 pm) JoeyTSA :time to call it a day
(12:32 pm) JoeyTSA :thanks
Mitch,Ed,Diosna,Qwert, traders
(12:32 pm) JoeyTSA :wish you all a great day,
see you tomorrow
(12:32 pm) Ed :c ya joey
(12:32 pm) Qwert :have a nice night joey,
enjoy the game
(12:32 pm) JoeyTSA :qwert: chargers play
redskins in dc this year too
(12:32 pm) chinhngo :see you tommorrow joey
(12:33 pm) Qwert :im not expecting much this
season
(12:33 pm) JoeyTSA :yeah, wont be their year
(12:33 pm) JoeyTSA :bye chin
(12:34 pm) chinhngo :have fun joey
(12:47 pm) chinhngo :bought sa at 13.8
(12:47 pm) chinhngo :bought sa at 13.80
(12:50 pm) taco :thanks Mitch Ed Diosna
Qwert Joey and everyone else, see you in the
am
(12:50 pm) taco :have a great night
(12:51 pm) Ed :c ya taco
(12:54 pm) chinhngo :bye bye mr mitch
(12:54 pm) herman :bye everyone
(12:54 pm) Qwert :bye everyone cya all in the
am
(12:54 pm) chinhngo :bye bye everyone
(12:58 pm) vision :thanks everyone
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