[06:11 am] Ed : good morning
traders
[06:20 am] Ed : missed premarket
short in BBBY. See if we get a bounce back
near the 65 area. If stock shows weakness
gives signal be potential short
[06:30 am]
Mitch K: watching IPGP for bottom
[06:30
am] Mitch K: watching CRZO for
bottom
[06:31 am] Mitch K: watching DDD
for bottom
[06:31 am] Mitch K: watching
TRN for bottom
[06:31 am] Mitch K:
watching NTES for bottom
[06:32 am] Ed :
if u took QCOR long would reduce
[06:32
am] Mitch K: monitoring Z drop
[06:32 am]
Mitch K: watching KBR for bottom
[06:32
am] Mitch K: watching BWA for
bottom
[06:32 am] Mitch K: watching CSTR
for bottom
[06:32 am] Mitch K: watching
WPRT for bottom
[06:33 am] Mitch K:
watching VIAB for short again, should be good
today
[06:33 am] Mitch K: watching ANR for
bottom, low priced, wait longer,
careful
[06:33 am] Mitch K: watching ALGN
for bottom
[06:33 am] Mitch K: watching
CLH for bottom
[06:33 am] Mitch K:
watching EW for bottom
[06:34 am] Mitch K:
watching LYB for bottom
[06:34 am] Mitch
K: watching OC for top soon
[06:34 am]
Mitch K: watching JCP for trending
up
[06:35 am] Mitch K: UNP trending up
today
[06:35 am] Ed : monitor MNST 54.80
with STRONG vol for breakout Advanced
trade
[06:35 am] Mitch K: watching COH for
bottom
[06:35 am] Mitch K: watching KMX
for bottom
[06:35 am] Mitch K: watching
DECK for bottom
[06:35 am] Mitch K:
watching CF for bottom
[06:35 am]
Mitch K: watching CSX for trending up after
pullback
[06:36 am] Mitch K: watching NUS
for bottom
[06:36 am] Mitch K: watching
HLF for bottom to buy
[06:37 am] Mitch K:
watching KMX closer
[06:37 am] Mitch K:
monitoring MAR
[06:37 am] Mitch K:
watching AIR for bottom to buy
[06:37 am]
Ed : monitor SINA o this bounce in 66ish area
for potential short
[06:38 am] Mitch K:
watching BRY for bottom
[06:38 am] Mitch
K: watching A for bottom
[06:39 am] Mitch
K: be flexible about any target
prices
[06:39 am] Ed : no vol yet on MNST
for breakout
[06:39 am] Mitch K: looking
for 48 area on CSTR bounce
[06:39 am]
Mitch K: watching LYB for bottom
[06:40
am] Mitch K: correction
[06:40 am] Mitch
K: SPY low of day
[06:40 am] Mitch K:
watchign GMCR for bottom
[06:40 am] Mitch
K: dont forget about this KSU trade
[06:40
am] Mitch K: watching another railroad for
top to short, top of this bounce, KSU, Kansas
City SOuthern
[06:41 am] Mitch K: starting
to watch CBRL drop
[06:41 am] Mitch K:
watching DNR for bottom, missed
short
[06:41 am] Mitch K: watchign MAKO
for top to short
[06:41 am] Mitch K: SPY
rebounding from low of day
[06:42 am]
Mitch K: watching MCK for top to short, top
of this bounce, patient
[06:43 am] Mitch
K: monitoring DKS
[06:43 am] Mitch K:
consider reducing CSTR if long
[06:43 am]
Ed : on BBBY monitor the 65ish area has most
consolidation there
[06:43 am] Mitch K:
watching PCS for bottom, take time
[06:44
am] Mitch K: consider reducing CSTR if
long
[06:44 am] Ed : ADVanced trade
monitor SINA for break with strong
vol
[06:44 am] Mitch K: consider selling Z
if long, soon
[06:45 am] Ed : break of lod
with strong vol for short
[06:45 am] Mitch
K: ed is SINA a short or long?
[06:46 am]
Mitch K: rails topping; KSU, CSX,
UNP
[06:46 am] Mitch K: yes good to
clarify
[06:46 am] Mitch K: consider
reducing DECK soon
[06:46 am] Ed : will
clarify
[06:46 am] Mitch K: consider
reducing or selling AIR
[06:46 am] Mitch
K: ok, i thought so but i use breakout for
long, got it though
[06:47 am] Mitch K:
LYB topping
[06:47 am] Mitch K: watch COH
closer for top to short and or sell if
long
[06:47 am] Mitch K: still watching
WPRT, new low
[06:48 am] Mitch K: KMX
bouncing
[06:48 am] Mitch K: i dont trust
GMCR to bounce strongly
[06:49 am] Mitch
K: watching CLF for bottom
[06:49 am]
Mitch K: new low on SPY
[06:49 am] Mitch
K: consider covering MAKO short
[06:49 am]
Mitch K: consider selling DNR, you are prob
out if long
[06:49 am] Ed : monitroing
DLTR for potential short
[06:50 am] Mitch
K: watching CBRL closer for bottom
[06:50
am] Ed : SPY new lod
[06:50 am] Mitch K:
watching BVN for bottom to buy
[06:50 am]
Mitch K: watching DLTR for top to
shortr
[06:50 am] Mitch K: watching JOY
for bottom
[06:51 am] Mitch K: watching
PCS for top to sell long soon
[06:51 am]
Mitch K: watching VRTX
[06:51 am] Mitch K:
watching NFLX for short
[06:52 am] Mitch
K: might make new lows of day but kind of
doubt it
[06:52 am] Mitch K: watching to
cover MCK short soon
[06:54 am] Ed : if u
took MNST long would reduce some
here
[06:54 am] Mitch K: consider selling
or reducing CLH if long
[06:55 am] Mitch
K: shorting the top of bounces are
working
[06:56 am] Ed : on my last
1/4 long on MNST my stop is at
54.81
[06:57 am] Mitch K: watching FDO for
top to short
[06:57 am] Mitch K: more
downside on DLTR short
[07:05 am] Ed :
placing stop 55.77 and will trail last 1/4
long
[07:06 am] Ed : nice ounce in
SPY
[07:06 am] Ed : rather continue to
trail
[07:07 am] Mitch K: DLR
bottoming,
[07:07 am] Ed : out all MNSt
long
[07:07 am] Mitch K: watching JOY for
top to sell long and then short
[07:09 am]
Ed : can I get a mulligan on premarket short
for BBBY??
[07:10 am] Mitch K: no
mulligans Mr. Clinton
[07:11 am] Mitch K:
watching DOLE for 2nd helping short, missed
first
[07:11 am] Mitch K: more downside in
MNST if short
[07:12 am] Mitch K: consider
covering DLTR
[07:14 am] Mitch K: the
bounces stronger now, the tops of those
bounces should be shortable; pick best ones
that moved the most and were down
today
[07:19 am] Ed : fyi: guys/gals if ur
not consistent in ur trading or are new, I
would stay away from trading IPO”S
[07:25
am] Mitch K: JOY toppy
[07:33 am] Ed :
fyi: for swing traders/ day traders MLNX tryn
to breakout from triangle on 15min 15 day
chart
[07:34 am] Mitch K: soon
[07:34
am] Mitch K: watching NIHD for top to
short
[07:36 am] Ed : SPY new
hod
[07:41 am] Ed : nice break over
horizontal resistance in SPY
[07:47 am]
Mitch K: 2nd helping short on DLTR
[08:00
am] Ed : higher highs right now in
SPY
[08:32 am] Mitch K: watching WPRT for
short on top of this bounce soon
[08:33
am] Mitch K: QCOR bouncing,
[08:41 am]
Mitch K: ok, QCOR bounce failed
[08:41 am]
Mitch K: what is yoru question
chingo
[08:41 am] Ed : good eye
murano/rusty
[08:58 am] Ed : see how LMCA
reacts in 105 area
[08:59 am] Mitch K:
little short in QCOR here
[08:59 am] Ed :
good eye and observation qwert
[09:00 am]
Mitch K: still looking for short in top of
WPRT bounce
[09:01 am] Mitch K: also
monitoring for top in ALGN, everything moving
slowly now
[09:03 am] Mitch K: more upside
on the NSC bounce
[09:14 am] Ed : nice one
qwert on SWKS
[09:20 am] Ed : if u shorted
SWKS on lost of 25 would cover some
here
[09:24 am] Ed : out all SWKS
short
[09:24 am] Ed : monitor BIIB on this
drop. would like alot more selling
[09:29
am] Ed : if u took LMCA short would cover
some here
[09:33 am] Ed : nice pullback in
SPY
[09:34 am] Ed : monitoring
QCOM
[09:44 am] Ed : if u took BIIB long
would reduce
[09:47 am] Ed : Im reducing
3/4 QCOM long
[09:47 am] Ed : placing stop
last 1/4 @ breakeven 63.52
[09:47 am] Ed :
not liking the action
[10:05 am] Ed :
trailing last 1/4 of QCOM long right behing
20ma on 1min
[10:19 am] Mitch K: the
hardest thing about trading is the
waiting. Waiting for the right
setup
[10:32 am] Mitch K: almost an hour
ago
[10:32 am] Mitch K: no sell signal in
QCOM on 2 min since bottom
[10:59 am] Ed :
nice breakdown in DECK
[11:12 am] Ed : for
coming days
[11:12 am] Ed :
up/down
[11:12 am] Ed : 15min chart of
QCOR watch for break outside of either
area
[11:15 am] Ed : ALso monitor FB for
breakout 23.60 with strong vol. getting
consolidation at highs on 15min
chart
[11:28 am] Ed : SPY new
hod
[11:45 am] Mitch K: same with the
railroads too.
[11:45 am] Mitch K: hope
you got the GMCR bounce and then nice
short
[12:02 pm] Ed : nice one guys/gals
on IPGP long
[12:03 pm] Mitch K: QCOM on
the right
[12:03 pm] Mitch K: LMCA trade
on the left chart
[12:03 pm] Mitch K: here
are a few charts
[12:05 pm] Mitch K: QCOR
on left
[12:30 pm] Ed : would keep QCOR on
radar tomorrow also
[12:45 pm] Mitch K:
goodjob chingo
[12:45 pm] Ed : nice
pulback in SPY
[12:58 pm] Ed : have a
great evening traders
[12:59 pm] Mitch K:
nice drop in QCOR
[01:00 pm] Mitch K:
later guys
| [06:07 am] mikewd2 -: good morning
traders
[06:08 am] qwert : good
morning everybody
[06:10 am] khall :
good morning
[06:10 am] eddy : good
morning Ed ,traders
[06:10 am] lisas
: gmall
[06:11 am] mikewd2 -: hi
Ed
[06:11 am] mikewd2 -: looks like QCOR
might provide some good trades again
today
[06:11 am] mikewd2 -: 3pt range in
premarket
[06:12 am] mikewd2 -: with some
nice vol
[06:13 am] mikewd2 -: Ed, would
you take long over 27.60?
[06:15 am] Ed :
u could play it that way, small position with
strong vol or even 28.30 for the
skeptic
[06:15 am] mikewd2 -: yeah, i was
thinking 28.3, would be safer
[06:15 am]
mikewd2 -: just missed on that fall to 26
earlier
[06:15 am] eddy : why 27.60
Mike or 28.3 for that matter?
[06:15 am]
Ed : my preference, may not get it, is test
of premarket lows and see if holds
[06:16
am] mikewd2 -: 30 cents or so higher than
that peak
[06:16 am] Ed : right
[06:16
am] eddy : but why?
[06:16 am] Ed :
its using the premarket ranges eddy and
adding .30
[06:17 am] Ed : this way keeps
u away from whipsaw
[06:17 am] mikewd2 -:
possible breakout
[06:17 am] eddy :
any particular significance to the
.30?
[06:17 am] apple : good morning
to all alert traders
[06:17 am]
apple : gm E
[06:17 am] apple
: gm eddy
[06:17 am] apple : gm
mike
[06:17 am] eddy : hi
apple
[06:17 am] shark : hi apple,
everyone
[06:17 am] apple : gm
qwert
[06:17 am] apple : gm
khall
[06:18 am] apple : gm
lisa
[06:18 am] qwert : gm
apple
[06:18 am] lisas : gm
apple
[06:18 am] mikewd2 -: 30 or 35 cents
is what ken calhoun uses as breakout
test
[06:18 am] Ed : just rule, some use
.31 some use .43. But keeps away from
false moves on % basis
[06:18 am] mikewd2
-: keeps you away from false
breakouts
[06:18 am] mikewd2 -: filters
them out somewhat
[06:18 am] khall :
gm apple
[06:18 am] elisha : gm
Mitch, Ed and all traders
[06:19 am]
mikewd2 -: you need to attend some of the
daytradinguniverstity webinars
[06:19 am]
mikewd2 -: Eddy
[06:19 am] Ed : hello
elisha
[06:19 am] eddy : ya mike i
keep saying i should
[06:19 am]
khall : gm elisha
[06:19 am]
eddy : hey elisha:the new kid on the
block
[06:19 am] mikewd2 -: hard to make
money when you just wing it!
[06:20 am]
apple : gm elisha
[06:20 am] mikewd2
-: elisha, you still on sim?
[06:20 am]
elisha : gm khall
[06:20 am]
apple : so ken is saying .31 or .43
above the b/o to enter? just
clarifying. thx
[06:20 am] elisha :
gm apple
[06:21 am] Ed : I was saying what
some traders use
[06:21 am] mikewd2 -: he
actually uses 35 cents
[06:21 am]
elisha : yes mike, want to keep from
working at mickey d’s
[06:21 am]
apple : thx. every little bit
helps. i love ken’s webinars.
very helpful.
[06:21 am] mikewd2 -:
usually over previous hi or lo, but does
watch premarket or last hour of trade day to
narrow in his targets.
[06:21 am]
skydiver : gm all and good info in
comments above.
[06:22 am] mikewd2 -: very
smart elisha, are you getting some
winners
[06:22 am] apple : gm
sky
[06:22 am] skydiver : gm
apple
[06:22 am] elisha : gm
eddy
[06:22 am] elisha : a
few
[06:23 am] elisha : horrible
experience yesterday on scottrade sim.
are they kidding/
[06:23 am] mikewd2 -:
too bad
[06:24 am] elisha : i’m
seeing it as a good thing – to have only
invested one day doing that. moving on
nowl
[06:25 am] khall : yes, it is a
good thing
[06:25 am] mikewd2 -: watching
CLF, WLT for continued weakness
[06:26 am]
mikewd2 -: and of course the money machine
TSO
[06:26 am] apple : thx
mike
[06:28 am] mikewd2 -: were there
shares of QCOR to short yesterday
anywhere?
[06:28 am] khall : at
IB
[06:28 am] khall : watching GOLD
for bottom this morning
[06:28 am] mikewd2
-: ty
[06:28 am] khall :
🙂
[06:28 am] apple : 2 min to
go
[06:28 am] khall : also watching
LVS for bottom
[06:32 am] mikewd2 -: out
QCOR
[06:32 am] Ed : nice play
mike
[06:34 am] apple : good one
mike
[06:34 am] mikewd2 -: watching for
top in VIAB
[06:35 am] mikewd2 -: VIAB S
54.35
[06:38 am] rusty : TRLA
open
[06:39 am] chinhngo : short
viab at 54.42
[06:39 am] apple : gm
rusty
[06:39 am] apple : gm
chin
[06:39 am] chinhngo : gm
apple
[06:40 am] apple : thx
MK
[06:42 am] rusty : MAKO
radar
[06:43 am] apple : thx
rusty
[06:45 am] mikewd2 -: broke previous
support
[06:45 am] apple : thx
E
[06:46 am] mikewd2 -: missed CLF
short
[06:47 am] chinhngo : cover
viab
[06:48 am] chinhngo : bought
more arna
[06:48 am] mikewd2 -: i’m
looking for lower chin
[06:49 am]
chinhngo : sept-21 may be get the news
from ema will be good for arna
[06:50 am]
mikewd2 -: JCP
[06:50 am] eddy :
UVXY
[06:50 am] mikewd2 -: vix up
5%
[06:52 am] rusty : DLTR
radar
[06:53 am] khall : watching
JOY for bottom
[06:54 am] chinhngo :
bought more wprt at 28.28
[06:55 am]
mikewd2 -: wprt daily looks ugly
[06:55
am] chinhngo : sold some qcor from
yesterday
[06:57 am] chinhngo :
bought saia at 19.58
[06:57 am]
apple : thx chin
[06:57 am]
shark : AAPL coming down
[06:57 am]
chinhngo : short dltr at
48.69
[06:59 am] rusty : QCOR:
“If there is a problem, I will write all the
letters I have to write to show medical
necessity when I want to use Acthar with my
multiple sclerosis patients. Aetna won’t
affect my use of Acthar,” the MS specialist
said
[07:00 am] chinhngo : sold qcor
at 29.75
[07:01 am] victor51 : gm
all
[07:02 am] apple : hey
victor
[07:03 am] shark : hi
victor
[07:03 am] apple : gm
shark
[07:06 am] apple : big drop in
BIDU
[07:07 am] skydiver : been
fighting my esignal today — but – went L JOY
59.24 – thnx khall for putting my eyes on
JOY
[07:07 am] eyes : you out
Chinngo
[07:07 am] skydiver : thnx
Mitch on JOY
[07:08 am] khall :
welcom!
[07:08 am] skydiver :
🙂
[07:08 am] khall : welcome too –
LOL
[07:08 am] skydiver : hate
fighting computer issues when trying to
trade
[07:08 am] apple : nice move
on SINA off the bottom
[07:09 am]
khall : sure Ed
[07:09 am]
shark : done deal, Ed –
Mulligan!
[07:09 am] skydiver : humm
– mullilgan — I thought only Mitch got those
Ed
[07:10 am] rusty : Ed no
mulligan, but you can get a 20% off Coupon
for bedsheets
[07:10 am] chinhngo :
buy cover dltr
[07:10 am] Ed : lol thx
rusty
[07:10 am] apple : you da man,
E!
[07:10 am] qwert :
hahaha
[07:10 am] elisha :
POT?
[07:10 am] qwert :
haha
[07:10 am] Ed : ok fine, getting back
to work then
[07:10 am] shark :
haha
[07:11 am] skydiver : sold JOY
3/4 L 59.24 – 60.29
[07:11 am]
khall : good trade sky!
[07:12 am]
skydiver : thnx khall and that’s with
computer issue distractions 🙂
[07:12 am]
apple : good one sky
[07:12 am] Ed :
nice sky
[07:12 am] apple : sky i
think you do better with
distractions!
[07:12 am] skydiver :
I think you may be right apple
🙂
[07:12 am] khall : wow – double
good – LOL
[07:13 am] mikewd2 -: rig
bouncing
[07:14 am] shark : PCLN
back over vwap, AAPL testing vwap
[07:14
am] apple : thx mike
[07:15 am]
skydiver : all out of JOY L
[07:15
am] eddy : trla dropping
[07:16 am]
apple : thx eddy
[07:16 am]
rusty : NIHD radar
[07:19 am]
khall : JOY s 60.45
[07:19 am]
skydiver : thnx Ed –
[07:19 am]
mikewd2 -: what ipo is today?
[07:19 am]
eddy : hear u ED
[07:19 am]
eddy : they are fun to watch
though:)
[07:20 am] eddy : TRLA IPO
very succesful
[07:21 am] apple :
they are fun watch eddy and can be fun to
play
[07:21 am] rusty : UNH Says
Acthar Gel Covered for FDA approved use and
off-label use QCOR
[07:21 am] mikewd2 -:
watch for that big drop with volume, then
usually worth a long
[07:21 am] eddy
: did u plat this one apple ?im just
watching
[07:22 am] eddy :
plat=play
[07:22 am] apple : no just
observing eddy
[07:22 am] eddy :
k
[07:24 am] victor51 : Hi
Apple
[07:25 am] mikewd2 -: JCP still
falling
[07:27 am] rusty : Z
radar
[07:28 am] apple : thx
rusty
[07:30 am] mikewd2 -: QCOR selling
off a bit
[07:31 am] skydiver : just
a note — JOY follows SPY pretty well – so
keep an eye on SPY
[07:32 am] apple
: thx sky, good to know
[07:32 am]
skydiver : 🙂
[07:33 am] apple
: thx E
[07:33 am] shark : thx
Ed
[07:35 am] skydiver : yes – thnx
Ed on MLNX and showing us on chart
–
[07:35 am] Ed : no problem
[07:37 am]
regatta : nihd in lightning?
[07:39
am] skydiver : ipo CBF opening around
$18 in a few minutes
[07:40 am]
skydiver : CBF is open
[07:40 am]
mikewd2 -: out RIG +0.52
[07:40 am]
apple : nice mike
[07:40 am]
rusty : POT radar
[07:40 am]
rusty : takeover rumors
[07:41 am]
skydiver : thnx rusty
[07:44 am]
apple : thx rusty
[07:49 am] mikewd2
-: Rumor: Potash moves up on vague takeover
chatter, “again”
[07:49 am] mikewd2 -:
watching for top
[07:50 am] mikewd2 -: RIG
turning over?
[07:51 am] mikewd2 -: come
to papa pot
[07:52 am] aussie123 :
Confused…How in the world can POT be a
takeover candidate …when its the largest in
its industry?
[07:53 am] rusty :
Private equity
[07:53 am] rusty :
?
[07:54 am] eyes : Chingho you
still in QCor
[07:58 am] victor51 :
NIHD short 8.11
[08:00 am]
chinhngo : yes qcor at 29.20
[08:01
am] chinhngo : i make good money on
qcor
[08:01 am] mikewd2 -: NII Holdings
jumps after CEO discloses 42.4K share
purchase
[08:01 am] chinhngo :
bought auy at 19.00
[08:02 am] mikewd2 -:
be careful swinging qcor chin
[08:02 am]
chinhngo : thank mike
[08:03 am]
victor51 : out KMX long -.20
[08:03
am] apple : chin likes playing with
fire
[08:03 am] skydiver :
cstr
[08:03 am] Ed : new name for
chinhngo= mad chin
[08:04 am]
skydiver : sorry – wrong
screen
[08:04 am] mikewd2 -: adding to POT
short, if holds hod
[08:04 am] Ed : mad
chin with a smile
[08:05 am] eyes :
So Chinhgo youllet it go almost 1.50 against
you
[08:05 am] chinhngo : short pot
at 44.35
[08:05 am] skydiver : my
time is up — take care everyone!! see
ya tomorrow – and chin — you make things
quite interesting 🙂
[08:05 am] Ed : c ya
sky
[08:05 am] skydiver :
🙂
[08:06 am] khall : bye
sky
[08:06 am] chinhngo : no qcor i
make really good money
[08:06 am] mikewd2
-: me too chin
[08:06 am] mikewd2 -: been
in 3 longs today
[08:07 am] chinhngo
: i get qcor long yesterday and today just
quickly in and out every time make 200 or
300
[08:08 am] apple : ok we worry
about you
[08:09 am] rusty : QCOR cc
on
[08:09 am] mikewd2 -: trading below
50ma first time today
[08:11 am]
chinhngo : thank aaple and
mike
[08:17 am] chinhngo : look
alike good news on conference call
[08:17
am] rusty : u got video chin?
[08:18
am] mikewd2 -: looks like selling off to
me
[08:18 am] mikewd2 -: actually pretty
neutral
[08:19 am] scalpman : JCP
consolidating
[08:20 am] khall :
thanks scalp
[08:21 am] apple : hey
scalp how are you
[08:23 am] mikewd2 -:
covered POT short, small gains
[08:27 am]
chinhngo : wprt bounce
[08:30 am]
rusty : anyone here listening to QCOR
cc?
[08:31 am] mikewd2 -: no, must have
been bad
[08:31 am] Ed : did not hear,
someone turned my speakers off
[08:31 am]
mikewd2 -: nearing lod
[08:33 am] mikewd2
-: your delayed a bit Mitch
[08:34 am]
rusty : watching JAZZ
[08:34 am]
rusty : not wife his wife says
mike
[08:34 am] rusty : she says he
usually early
[08:35 am] chinhngo :
mitch wprt bounced or qcor
[08:35 am]
mikewd2 -: watching MOS for possible short,
toppy?
[08:38 am] mikewd2 -: nice move on
TSO from lod
[08:39 am] murano :
AMZN
[08:40 am] rusty : AMZN
radar
[08:40 am] rusty : WMT
radar
[08:40 am] rusty : WMT WILL
DISCONTINUE THE SALE OF AMZN KINDLE
PRODUCTS
[08:41 am] chinhngo : saia
bounced so good
[08:41 am] khall :
ohhhh – thanks rusty
[08:41 am]
apple : thx murano, rusty
[08:41 am]
chinhngo : qcor you said
bounce
[08:42 am] chinhngo : the
reason i want confirm is i long qcor and i
really trust your skill
[08:43 am] mikewd2
-: don’t trust anyone’s call chin. use it as
a possibility.
[08:44 am] qwert :
monitoring fast
[08:45 am] qwert :
sorry nevermind fast
[08:48 am]
qwert : mlnx back to hod
[08:48 am]
chinhngo : sold wprt at 28.38
[08:48
am] mikewd2 -: Questcor says Acthar
prescriptions continue to be approved,
shipped
[08:50 am] rusty : cc still
ongoing
[08:50 am] chinhngo : buy
more qcor
[08:50 am] chinhngo : go
to work see you later
[08:51 am] mikewd2
-: Questcor says ‘significant number’ of
prescriptions go through appeals
process
[08:51 am] mikewd2 -: Wal-Mart to
stop selling all Amazon.com Kindles, Reuters
reports
[08:52 am] rusty : see above
Mike
[08:52 am] mikewd2 -: sorry
rusty
[08:52 am] rusty : your news
delayed today 🙂
[08:53 am] mikewd2 -:
just popped up on flyonthe wall
[08:53 am]
rusty : QCOR cc ending
[08:53 am]
mikewd2 -: watching TSO to short near 40.93
pivot
[08:54 am] mikewd2 -: and 3 days of
resistance
[08:54 am] qwert :
watching lmca
[08:57 am] eyes :
thoughts on LMCA
[08:58 am] qwert :
waiting for volume and would like to see 105
for me
[08:58 am] eyes :
ty
[08:59 am] rusty : TSO
radar
[08:59 am] qwert :
thx
[09:00 am] mikewd2 -: look above
rusty
[09:01 am] eddy : mike and
rusty my neck is numb…keep looking
above:)
[09:01 am] mikewd2 -:
haha
[09:03 am] mikewd2 -: NSC been
bouncing off 50ma
[09:05 am] mikewd2 -:
QCOR nearing 50ma, nice bounce
[09:07 am]
khall : yeah, should have hung in
longer with that one
[09:07 am]
khall : LOL
[09:07 am] rusty :
see above
[09:08 am] qwert :
swks
[09:09 am] qwert : alert
swks
[09:11 am] rusty : see
below
[09:11 am] mikewd2 -: SWKS held
25.00
[09:12 am] rusty : for those
of you so inclined
[09:12 am] rusty
: ZERO
[09:12 am] rusty : ss at
will
[09:12 am] rusty : dont go in
all at once
[09:13 am] rusty : thank
you for reverse shopping at TSA
[09:14 am]
qwert : :))
[09:14 am] mikewd2 -:
got to love analyst day!
[09:21 am] Ed :
are u playing those breakdowns
qwert?
[09:21 am] qwert : i missed
that one :((
[09:22 am] Ed : but u
caught QCOR yesterday?
[09:22 am]
qwert : was adjusting my rost
short
[09:22 am] Ed : ok
[09:23 am]
qwert : couldnt get qcor short no
shares but killed it in the long
:))
[09:23 am] Ed : nice
[09:27 am]
mikewd2 -: Skyworks CEO sees 2013 as better
year than 2012 for smartphones
[09:28 am]
Ed : and by move of stock he has
believers
[09:28 am] qwert :
hahaha
[09:28 am] mikewd2 -: yep
[09:29
am] eyes : SWKY Support 23.18
[09:29
am] Ed : if i were in the meeting I would
yell, “its getting really deep”
[09:31 am]
rusty : NUS HLF new lows
today
[09:31 am] rusty : worth
watching
[09:31 am] khall : thanks
for LMCA eyes
[09:33 am] mikewd2 -: push
SWKS
[09:36 am] lisas : Taking off,
have a great day all
[09:36 am] Ed : c ya
lisa
[09:36 am] qwert : bye
lisa
[09:36 am] eddy : bye
lisa
[09:37 am] khall : see you
tomorrow lisa
[10:03 am] shark :
sold some NFLX 52.50 puts 9/28
expiry
[10:06 am] rusty : The latest
Z-1 Flow Of Funds data out from the Federal
Reserve came out today, and it reveals the
biggest gain in household debt since the
crisis.
[10:07 am] Ed : so what
happened??
[10:07 am] rusty : NUS
nlod
[10:09 am] rusty :
http://static2.businessinsider.com/image/505b
4bb969bedd7e4f000000-561-474/image.jpg
[10
:09 am] rusty : BreakingNews: Update:
At least 15 people, including 2 journalists,
killed in suicide bombing in Mogadishu,
Somalia
[10:10 am] apple : back, thx
rusty
[10:12 am] qwert : monitoring
ADBE
[10:12 am] rusty : Because
physicians already use Acthar when other
therapies have been exhausted, we
believe that the Aetna bulletin was likely
released as a reminder to doctors that
earlier-line treatments must be tried
before prescribing the drug
[10:18
am] chinhngo : lsold qcor at
29.15
[10:20 am] apple : agreed
MK
[10:20 am] shark : 🙂
[10:20
am] apple : chin what did you buy QCOR
at?
[10:23 am] apple : ADBE had a
nice move today
[10:26 am] shark :
yeah
[10:27 am] chinhngo :
28.75
[10:28 am] chinhngo : buy more
qcor at 28.52 now
[10:30 am]
chinhngo : sold qcor at 28.92
[10:30
am] shark : nice chin 😉
[10:31 am]
apple : quck
[10:31 am]
chinhngo : thank with 400.00
[10:31
am] Ed : chin i think ur making ur broker
happy
[10:32 am] chinhngo :
yes
[10:32 am] chinhngo : 400.00
just couple minute is not bad at
all
[10:33 am] apple : lunch on chin
for the whole week!
[10:33 am]
chinhngo : yes
[10:35 am] Ed : just
make sure ur developing good habits and not
creating bad ones that influences ur
longevity of trading success
consistently
[10:36 am] apple :
words of wisdom from E — everybody listen
up!
[10:37 am] eyes : I did thatand
it almost put me in the poor house
[10:37
am] eyes : I was really
reckless
[10:42 am] eyes : I have
been hanging by a thread ever sence now i
trade scared all the time
[10:44 am]
chinhngo : sold qcor at 29.35
[10:47
am] rusty : Now for the third time
since 1970 the total market cap index is more
than 100% of the GDP. The other two times
were in the late 1990s to 2000 and 2006 to
2007.
[10:49 am] apple : thx
rusty
[10:51 am] qwert : Hey did you
guys get a DSR lastnight?
[10:51 am]
elisha : eyes, at least you’re
trading. i was paralyzed after my
drawdown period.
[10:51 am] elisha :
i found tsa, this room and youse
guys.
[10:51 am] elisha : i read
trading in the zone, and took it on
faith
[10:52 am] qwert : thats a
good book elisha
[10:52 am] elisha :
i am taking everything i am learning on faith
and what he said is basically fear keeps you
from the zone.
[10:52 am] elisha :
i’m a newbie and i dont know much but i do
know you have nothing to fear but fear itself
-FDR
[10:54 am] eyes : you are
correct Elisha I have had three major
drawdowns and it does not feel good I also
have read that book three times
[10:54 am]
eyes : awesome book
[10:54 am]
apple : words of wisdom,
elisha
[10:55 am] elisha : never
give up – i had to take a job waiting table
to make the money for this room.
[10:55
am] elisha : i’m glad i did
it.
[10:55 am] shark : 🙂
[10:56
am] eyes : Good for you It is a awesome
room and enviorment
[10:56 am] apple
: the best there is, by far!!!
[10:56 am]
elisha : you guys are awesome and
courageous
[10:56 am] apple : you
came to the right place
[10:56 am]
qwert : For sure
[10:57 am]
eyes : were you from Elisha
[10:57
am] elisha : extreme northern michigan
– economic wasteland
[10:57 am]
victor51 : qwert, I did not get
it
[10:58 am] khall : are you a
uper?
[10:59 am] qwert :
DECK
[10:59 am] apple : thx E and
qwert
[10:59 am] elisha : no khall,
i’m whats called a atroll. from just
under the bridge.
[11:00 am] khall :
ohhh, I’m originally from Detroit
[11:00
am] elisha : so am i. been here
loooooooooooooong time
[11:01 am]
qwert : Ed do you know if the DSR went
out last night?
[11:01 am] khall : I
got out many moons ago
[11:01 am]
khall : right after HS
[11:01 am] Ed
: great question
[11:02 am] elisha :
support @tsa said technical difficulties last
night
[11:02 am] qwert : Just
curious i didnt get it
[11:02 am]
qwert : thx elisha
[11:02 am] Ed :
Im on east coast news gets to me
late
[11:02 am] qwert :
haha
[11:02 am] Ed : so I just found
out
[11:03 am] qwert : Ed u never
sleep always trading
[11:03 am] Ed :
23/7
[11:03 am] apple : carrier
pigeon
[11:03 am] qwert : wife wont
let you out of the office?
[11:03 am] Ed :
never
[11:04 am] elisha : khall,
where you at now?
[11:04 am] qwert :
haha same here :))
[11:04 am]
Ed : i sneak out at times
[11:04 am]
apple : make money, E, make more
money….
[11:04 am] qwert : for
food scraps
[11:05 am] Ed : always sneak
out at dinner time. They think Im in
bathroom
[11:05 am] qwert :
haha
[11:05 am] rusty : they know ur
not in bathroom ed
[11:06 am] Ed : i go to
restaurant around corner
[11:06 am]
rusty : everyone knows when ur in the
bathroom
[11:06 am] Ed : u must have told
rusty
[11:06 am] Ed : no thats lisa, she
always tell
[11:07 am] apple : haha,
poor lisa!
[11:12 am] aussie123 :
Thanks guys & girls …when thing
slow-up, you bathroom philosephers are always
good for a good laugh.
[11:14 am]
apple : we try to have a good time
here, all the time!
[11:14 am] rusty
:
http://www.businessinsider.com/dead-locusts-y
elled-at-smugglers-in-hk-2012-9
[11:16 am]
chinhngo : add more arna
[11:16 am]
chinhngo : at 8.84
[11:16 am]
rusty : FB radar
[11:16 am]
victor51 : Deck working. Very weak. S
at 39
[11:17 am] Ed : hmm someone change
my channel from espn to weather
[11:18 am]
rusty : u still in the
bathroom?
[11:18 am] Ed : not for few more
hours
[11:19 am] khall : must make
it difficult to sit still after morning
cofee…
[11:19 am] Ed : only had coffee
once
[11:19 am] khall :
LOL
[11:20 am] Ed : I hear cuban coffee is
best, keep u up for days
[11:20 am]
khall : that I don’t need
[11:20 am]
Ed : i hear its very very strong
[11:21
am] Ed : whats for lunch today
rusty
[11:21 am] Ed : he must be
cooking
[11:22 am] khall : or in the
bafroom
[11:22 am] Ed : yea in
sumer
[11:22 am] khall :
ha
[11:23 am] mikewd2 -: Questcor price
target lowered to $45 from $57 at
Ladenburg
[11:25 am] mikewd2 -: RIG
battling with 46.00
[11:30 am] mikewd2 -:
rig got thru 46
[11:30 am] apple :
thx
[11:42 am] mikewd2 -: Amarin weakness
may be due to new FDA draft guidnace, says
Leerink
[11:42 am] joeytsa : BBBY
lod
[11:42 am] joeytsa : hope you
all have had a good trading day
[11:43 am]
qwert : joey your here?
[11:43 am]
joeytsa : just signed on a few minutes
ago
[11:43 am] joeytsa : out all
morning
[11:43 am] qwert : on
vacation?
[11:43 am] joeytsa :
cancer appt for my cat
[11:44 am]
qwert : oh is he/she okay
[11:44 am]
qwert : we lost a cat to
cancer
[11:44 am] joeytsa : he is
getting his 1st chemo today…will play
things as they come
[11:45 am] qwert
: will pray for him
[11:45 am]
joeytsa : much appreciated, sorry for
your cat
[11:45 am] qwert :
thx
[11:46 am] joeytsa : hows the
trading going?
[11:46 am] mikewd2 -: great
day joey
[11:47 am] rusty : did he
get a CAT Scan before the chemo?
[11:47
am] apple : joey, we were missing you
today
[11:47 am] joeytsa : good to
hear mike, thx apple…all things CAT
rusty haha
[11:48 am] joeytsa
: he even pulled an Ed and bought 1 share of
CAT 🙂
[11:48 am] apple :
graffix is included in my prayers everyday,
along with all of you
[11:48 am]
murano : LAMR
[11:48 am] mikewd2 -:
QCOR hod
[11:49 am] chinhngo : look
like short squeze on qcor
[11:54 am]
joeytsa : IPGP making another leg
down
[11:55 am] chinhngo : bought
auy at 18.99
[11:55 am] apple : nice
drop onIPGP, thx joey
[11:56 am]
joeytsa : saw it too late, was perfect
short when it lost 58.50 area
[11:56 am]
chinhngo : please post when you buy
ipgp
[11:56 am] apple : oh
yaeh
[11:57 am] chinhngo : no more
long qcor
[11:58 am] apple :
yeah
[11:58 am] skydiver : watching
IPGP – any news – just jumped on
[11:59
am] chinhngo : skydrive are you long
ipgp
[11:59 am] skydiver : yes –
56.73
[11:59 am] skydiver : with
tight stop
[12:00 pm] chinhngo :
long ipgp at 57.11
[12:00 pm] mikewd2 -:
nice sky, i missed it
[12:00 pm]
apple : gotta be quick
[12:00 pm]
skydiver : out 3/4 57.08 on
IPGP
[12:01 pm] skydiver : trailing
last piece of IPGP
[12:01 pm]
skydiver : shows my confidence
🙂
[12:01 pm] mikewd2 -: RIG still
moving
[12:01 pm] chinhngo : sold
i[pgp at 57.31
[12:01 pm] skydiver :
nice chin
[12:02 pm] skydiver : did
you keep a piece chin?
[12:02 pm]
chinhngo : 200.00 skydrive
[12:02
pm] skydiver : 🙂
[12:02 pm] mikewd2
-: should get back to 58
[12:02 pm]
chinhngo : wow
[12:02 pm] mikewd2 -:
or near
[12:02 pm] skydiver : I
still have 200 shares left
[12:02 pm]
skydiver : in IPG
[12:02 pm]
skydiver : P
[12:02 pm]
skydiver : IPGP
[12:02 pm]
apple : nice one sky
[12:02 pm]
mikewd2 -: nice call joey
[12:02 pm]
skydiver : glad I poped in
[12:02
pm] skydiver : popped
[12:03 pm]
joeytsa : 🙂
[12:03 pm]
skydiver : buys lunch
[12:03 pm]
apple : haha
[12:03 pm]
chinhngo : ed thank to post
ipgp
[12:03 pm] qwert :
nice
[12:03 pm] skydiver : Ed
posted? Thanks ED!!!
[12:03 pm]
qwert : nice
[12:03 pm] Ed :
anything to help the team
[12:04 pm]
qwert : nice
[12:04 pm]
skydiver : Like Lightning 🙂
[12:04
pm] apple : joey mentioned it
[12:04
pm] skydiver : ok – thnx joey
!!!!!!!!
[12:04 pm] qwert :
nice
[12:04 pm] joeytsa : my
pleasure
[12:05 pm] skydiver : all
out of IPGP 57.81
[12:05 pm] qwert :
sorry room had frozen for me
[12:06 pm]
chinhngo : qcor now at30.79 your chart
show only approx 26.20
[12:06 pm]
apple : good job sky
[12:07 pm]
skydiver : thnx apple
[12:08 pm] Ed
: that time interval was premarket on
QCOR
[12:09 pm] Ed : mike but up what
turned out be to great one in QCOR
[12:09
pm] chinhngo : bought tgp
at38.15
[12:09 pm] Ed :
but=brought
[12:09 pm] mikewd2 -: yeah its
been very very good to me today
[12:12 pm]
joeytsa : YELP
[12:13 pm]
joeytsa : 50cent spike down
[12:13
pm] joeytsa : CSTR trying to
bottom??
[12:13 pm] mikewd2 -: at support
pivot joey
[12:14 pm] joeytsa : i
dont have a pivot there
[12:14 pm]
chinhngo : uvxy up only .05 but spy
down.36 so my gut tell me tommorrow market go
up so auy tgp g up
[12:15 pm] mikewd2 -:
46.51 i had
[12:15 pm] joeytsa : oh
ok, mine reset after the open
[12:16
pm] joeytsa : even on my lightspeed
charts, no pivot shown
[12:16 pm]
joeytsa : last one was near
$47
[12:17 pm] mikewd2 -: not sure
camarilla pivot there
[12:18 pm]
joeytsa : gotya, thanks
[12:18 pm]
chinhngo : bought yelp at
25.98
[12:20 pm] eyes : Good Night
Everyone
[12:21 pm] qwert : cya
eyes
[12:21 pm] Ed : c ya eyes
[12:22
pm] elisha : gn eyes
[12:22 pm]
mikewd2 -: closed LAMR short, dinner
money
[12:24 pm] joeytsa : the ES
sitting on the pivot point
[12:24 pm]
apple : bye eyes have a fun
evening
[12:25 pm] eddy : bye all Im
outta here
[12:26 pm] mikewd2 -: cu
eddy
[12:26 pm] joeytsa : bye eyes,
eddy
[12:26 pm] elisha : bye
eddy
[12:27 pm] mikewd2 -: qcor over
31
[12:27 pm] khall : see you guys
tomorrow – thanks everyone!
[12:28 pm]
joeytsa : bye khall
[12:28 pm] Ed :
c ya khall
[12:28 pm] chinhngo : bye
bye khall
[12:28 pm] elisha : gn
khall
[12:29 pm] joeytsa : did you
take that mike?
[12:29 pm] mikewd2 -: no,
getting too late to play with fire
[12:29
pm] mikewd2 -: had 4 longs today on it
though
[12:29 pm] joeytsa :
nice
[12:30 pm] mikewd2 -: trying to
maximize my RIG long before close
[12:30
pm] joeytsa : where was your entry on
RIG?
[12:30 pm] mikewd2 -: 45.88 the last
time
[12:30 pm] joeytsa :
ok
[12:31 pm] mikewd2 -: first trade was
44.78 this morning
[12:32 pm] mikewd2 -:
qcor still moving
[12:32 pm] Ed : drop
over 45% will do it
[12:32 pm] mikewd2 -:
yeah, dumped my last at 30.05
[12:32 pm]
Ed : or atleast shareholder would
hope
[12:32 pm] mikewd2 -: dang
it
[12:33 pm] joeytsa : lots of
people will be hurting from QCOR for a
while
[12:34 pm] joeytsa : 50% drop
means it has to make a 100% move just to
break even
[12:34 pm] joeytsa : not
many stocks make 100% moves
[12:37 pm]
mikewd2 -: taking RIG out here,
[12:37 pm]
joeytsa : nice one mike
[12:37 pm]
mikewd2 -: yeah bounced off the pivots nicely
today
[12:38 pm] elisha : pivots
pivots pivots
[12:38 pm] joeytsa :
they usually do, just have to find the right
pivot
[12:38 pm] mikewd2 -: yep
[12:38
pm] joeytsa : thats why i like to see a
retest of a pivot..whether floor trader or
price, etc
[12:39 pm] joeytsa : 1st
test is the alert, 2nd test is the entry for
the most part
[12:39 pm] apple :
right, makes sense
[12:39 pm] apple
: yup
[12:40 pm] elisha : taking
nite
[12:40 pm] elisha :
note
[12:40 pm] mikewd2 -: elisha your on
what platform?
[12:40 pm] joeytsa :
elisha: pivots arent the holy grail
though
[12:41 pm] chinhngo : sold
auy at 19.12
[12:41 pm] mikewd2 -: no but
give you a pretty good idea if your not near
a pivot on a bogus entry
[12:41 pm]
elisha : trying to get/learn/setup
w/NT
[12:41 pm] joeytsa : lots of
info on the net, when watching or
reading..grasp the idea as opposed to “set
rules”
[12:41 pm] mikewd2 -: ok
[12:41
pm] chinhngo : sell wprt oct 17 put at
1.45
[12:41 pm] mikewd2 -: also, look at
VWAP
[12:41 pm] elisha : got it –
more like “guidelines”
[12:42 pm]
elisha : ala pirates
[12:42 pm]
joeytsa : right
[12:42 pm] mikewd2
-: nake put chin?
[12:42 pm] mikewd2 -:
naked put
[12:42 pm] apple : sounds
like it
[12:43 pm] chinhngo : yes
sellnaked put i bet wprt will go up
[12:43
pm] mikewd2 -: 27?
[12:43 pm] elisha
: thx joey, mike
[12:43 pm] mikewd2 -: you
said 17
[12:43 pm] chinhngo :
27
[12:43 pm] mikewd2 -: ok
[12:44 pm]
joeytsa : elisha: pivots are really
just support/resistance..so same rules apply
as they would for any s/r
[12:44 pm]
mikewd2 -: mathematical s/r based on prior
day h/l
[12:44 pm] elisha : still
would like to get acquainted with them on a
first name basis, as it were
[12:44 pm]
joeytsa : right mike, which is where
traders made their stand
[12:44 pm]
mikewd2 -: yeah
[12:45 pm] chinhngo
: sold yelp at 26.24
[12:45 pm]
joeytsa : nice chin
[12:46 pm]
mikewd2 -:
http://www.pivotpointcalculator.com/
[12:4
6 pm] chinhngo : just follow all of
traders ideas
[12:46 pm] mikewd2 -: that
link has a calculator to allow you to
calculate different type of pivots
[12:46
pm] elisha : thx mike
[12:46 pm]
mikewd2 -: classic, woodie,
camarilla
[12:47 pm] mikewd2 -: i like the
camarilla, stocks seem to move off it more
than the others in my opinion.
[12:47 pm]
mikewd2 -: in the limited testing i
did
[12:49 pm] mikewd2 -: got sidetracked
and missed peak in TSO
[12:50 pm]
chinhngo : add more arna at
8.77
[12:51 pm] chinhngo : bought
auy at 19.16
[12:55 pm] chinhngo :
hold overnight auy tgp and wprt
[12:57 pm]
chinhngo : add more auy and
arna
[12:58 pm] joeytsa : Thanks
Mitch,Ed, traders..enjoy the day 🙂
[12:58
pm] elisha : gn all
[12:59 pm]
shark : gn all
[12:59 pm]
rusty : gn all
[12:59 pm]
joeytsa : shark: how did the movie
go
[12:59 pm] apple : thx everyone,
MK, E all have a fun evening
[01:00 pm]
apple : yeah shark, how was
it?
[01:00 pm] chinhngo : thank you
all and bye bye
[01:03 pm] shark :
great, joey
[01:03 pm] shark :
filmed all down at Malibu beach
[01:03 pm]
shark : back on the job at 2am….so
off today
[01:03 pm] shark : filming
at a bar all morning
[01:04 pm]
apple : have fun shark
[01:04 pm]
shark : thx apple 🙂
[01:05 pm]
qwert : goodnight everybody
[01:05
pm] apple : bye qwert
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