| (05:58 am) JoeyTSA :early gap down:
SWK,SSYS,UVXY
(05:58 am) JoeyTSA :early gap up:
AAP,AAPL,MAT,RCPT,SCTY
(06:14 am) Mitch’s Assist. :October 16,
2013,Wednesday Pre Market UP: SCTY, TSLA,
YHOO, AAP, AAPL, HAS, PCYC, RCPT, FSLR, IGLD
Pre Market Down: GPOR, LLTC, SWK,
(06:23 am) Mitch King:CL looking toppy
(06:31 am) Mitch’s Assist. :watching GPOR
(06:31 am) Mitch’s Assist. :watching SCTY
(06:31 am) JoeyTSA :eye on VISN from
yesterday
(06:32 am) Mitch’s Assist. :monitoring DSW
(06:32 am) Mitch King:watchign ABT for
trades
(06:32 am) Mitch King:watching SCTY for
trades
(06:32 am) Mitch’s Assist. :monitoring PEP
(06:33 am) Mitch King:monitoring RDN
(06:33 am) Mitch King:VISN moving again,
watch for trades both ways
(06:34 am) Mitch’s Assist. :Advance Auto
Parts reaffirms 2013 EPS outlook $5.30-$5.45
Consensus $5.53.
(06:34 am) Mitch King:banks moving up JPM,
WFC
(06:35 am) Mitch King:watching CSX
(06:36 am) Qwert :watching SWK
(06:36 am) Mitch King:watching MTG
(06:37 am) JoeyTSA :GPOR strong
(06:38 am) Mitch King:good trading action on
SCTY
(06:39 am) JoeyTSA :tighten SWK if short
(06:39 am) Ed :GMCR will bill short highs
until trend changes
(06:39 am) Mitch King:watching VIP
(06:39 am) Ed :GMCR starting to monitor
(06:42 am) Mitch King:MAT worth watching
(06:43 am) Mitch King:monitoring DSW
(06:43 am) Mitch King:for short
(06:43 am) Mitch King:watching VIP closely
(06:43 am) Mitch King:monitoring GEO
(06:44 am) Ed :if u took GMCR short would
cover some in here
(06:44 am) Mitch King:watching GDOT for
bottom, take time
(06:45 am) Mitch King:watching IR
(06:45 am) Ed :mentioned its short the highs
until trend changes
(06:47 am) Mitch King:AAP continuing down
(06:48 am) Mitch King:watching SCTY for
bottom
(06:48 am) Ed :if u shorted GMCR of bounce
would look to cover again
(06:48 am) Mitch King:watching GEO closer, no
hurry
(06:49 am) Ed :Im done shorting bounces on
GMCR that was 2x. rare for me, but setup was
there
(06:49 am) JoeyTSA :watching $322 on NFLX for
possible setup
(06:50 am) Ed :(US) Preview: Oct NAHB Housing
Market Index due out at 10:00ET (14:00 GMT)
**Consensus expectations: 57e v 58 prior
(06:51 am) JoeyTSA :indices getting a bounce
(06:52 am) Mitch King:ETN bouncing
(06:53 am) Ed :US) House to reportedly
consider voting on Senate debt
ceiling/funding bill before the Senate votes
– Politico.com – Politico notes that if the
House passes the bill first and sends it to
the upper chamber, it would eliminate some
burdensome procedural hurdles in the Senate
and require just one procedural roll call
with a 60-vote threshold needed to advance
the bill toward final passage in the Senate.
–
(06:55 am) Mitch King:still watching VISN
(06:56 am) JoeyTSA :I dont even see it listed
tomorrow either, same with nat gas
(06:56 am) Mitch King:I dont think oil
inventories will be released today will it?
(06:56 am) JoeyTSA :/CL into R1, great move
(06:57 am) JoeyTSA :/ES now into R2
(06:59 am) Mitch King:watchign AEGR
(07:00 am) Mitch King:new highs on CL
(07:04 am) Mitch King:GDP toppy
(07:04 am) Mitch King:watchign ADT for top,
(07:08 am) Mitch King:looking for bounce in
CL
(07:08 am) JoeyTSA :tighten /CL if short
(07:09 am) JoeyTSA :BLOX decent move, lower
vol though, eye on $46
(07:09 am) JoeyTSA :BIDU trying to breakout
(07:12 am) Mitch King:changed mind, out of
CL
(07:15 am) JoeyTSA :tighten GURE if long
(07:47 am) JoeyTSA :watching ELLI,
(07:49 am) Murano :watching TSLA
(07:49 am) JoeyTSA :/ES testing R2 again
(08:08 am) JoeyTSA :i just saw this on
briefing.com
(08:08 am) JoeyTSA :Sounds like bill will be
out soon; sending to the House to vote first
to avoid another filibuster which is
important This will likely be a close vote,
much like the first TARP so will be watching
that closely as a failure to clear the house
would send the S&P tumbling 30+ point
(08:12 am) JoeyTSA :that bill would reopen
govt thru 1/15 and raise debt ceiling thru
2/7
(08:13 am) Murano :watching ABBV
approaching R3
(08:15 am) JoeyTSA :/CL moving also
(08:16 am) JoeyTSA :House will vote on Senate
bill first
(08:18 am) JoeyTSA :House resumes its session
at noon ET, vote probably shortly after
(08:21 am) Murano :watching CRM approaching
R3
(08:27 am) JoeyTSA :/ES pullback to R2
(08:28 am) JoeyTSA :reason House will vote
1st is to avoid filibuster issue
(08:31 am) JoeyTSA :eye on RCPT pullback
(08:34 am) JoeyTSA :/CL pullback to $102
(08:39 am) Murano :watching SPWR
(08:40 am) Ed :US) Democrat Senate Aide: Bill
could pass both House and Senate and be on
President Obama’s desk for signature today-
(08:59 am) Ed :LULU
(09:00 am) Ed :LULU Hearing rumors weakness
due to Einhorn taking a short position
(related LULUV.OLD )-
(09:04 am) Ed :reducing 3/4 LULU long
(09:05 am) JoeyTSA :KERX with vol past 15
minutes
(09:08 am) JoeyTSA :APC vol spike
(09:08 am) Ed :out all LULU long
(09:12 am) Mitch King:thats why the 50 tick
spike in CL
(09:12 am) Mitch King:about a deal
(09:12 am) Mitch King:they are waiting for
announcement on Senate floor
(09:21 am) Murano :watching AMX
(09:21 am) JoeyTSA :Reid : deal in place
(09:30 am) JoeyTSA :/ES back to R2 again
(09:34 am) Mitch King:soon
(09:34 am) Mitch King:looking for CL bottom
to buy
(10:12 am) Ed :would like selling/vol to pick
up
(10:12 am) Ed :CTSH just monitoring
(10:13 am) Ed :I would like to see test of
area 84 or lower with vol
(10:18 am) Ed :if i do not get extreme
selling, high vol and test of 84 lower will
pass on CTSH
(10:25 am) Ed :nice bounce on CTSH, still
would not have played it any differently
(10:35 am) Murano :watching BX
(10:40 am) Ed :US) Preview: Fed Beige Book
survey of regional economic activity to be
released at 14:00ET – The report will include
data from surveys of the period between
September and early October. The prior beige
book saw economic activity expanding at a
“modest to moderate” pace in most districts.
(10:45 am) Murano :watching M
(10:51 am) Mitch King:be nimble here
10:51 am) Mitch King:expecting a about 12-15
tick move up on CL
(11:00 am) Ed :*(US) FED’S BEIGE BOOK:
ECONOMY GREW AT MODEST TO MODERATE PACE IN
MOST DISTRICT
(11:00 am) Mitch King:oil market nervous
about Fed Beige report
(11:06 am) Ed :GRMN quick spike
(11:30 am) Ed’s assistant :Monitoring OMX
(11:37 am) JoeyTSA :VISN pullback
(11:41 am) Ed :(US) Federal Reserve said to
be considering a levy on banks that control
physical commodity assets; concerns exist on
bank ownership of such assets – financial
press
(11:41 am) JoeyTSA :/ES back into 1710 area
(12:32 pm) Ed :if you took CTSH long would
reduce
(12:40 pm) Murano :watching URI
(12:57 pm) Ed :have great eve traders
(12:59 pm) Ed :MW JOSB said to have not ruled
out a possible hostile bid for the company –
financial press
(12:59 pm) Ed :MW getting some news end of
day. Keep eye on for tomorrow
(01:00 pm) Mitch King:See you all tomorrow
| (05:38 am) JoeyTSA :Good morning, NAHB
housing market index @ 7pdt, Beige BOok
11pdt
(05:38 am) JoeyTSA :i guess no crude/nat gas
#’s this week, maybe due to the shutdown?
(05:51 am) Qwert :good morning joey and to
everyone
(05:52 am) JoeyTSA :/ES coming into R1 off of
1697 support area
(05:52 am) JoeyTSA :early gap up:
AAP,AAPL,MAT
(05:53 am) JoeyTSA :early gap down:
SWK,UVXY,SSYS
(05:54 am) JoeyTSA :RCPT up also
(05:56 am) Murano :good morning
(05:57 am) taco :gm everyone
(05:57 am) taco :thx joey for gaps
(05:57 am) JoeyTSA :SCTY up, another to keep
on radar
(05:58 am) JoeyTSA :keeping eye on 100.80 as
/CL support for now
(06:07 am) Qwert :thx joey
(06:09 am) JoeyTSA :RCPT up due to interest
from TEVA and CELG
(06:09 am) gum :Good morning everone
(06:15 am) taco :thx Mitch
(06:17 am) JoeyTSA :eye on this SCTY
pullback
(06:19 am) skydiver :AAP is up due to after
acquiring General Parts International for
about $2B
(06:22 am) JoeyTSA :thx sky
(06:22 am) skydiver :no problem 🙂
(06:24 am) JoeyTSA :they’re up big
(06:25 am) skydiver :yes indeed ==
(06:27 am) JoeyTSA :good morning everyone
(06:27 am) skydiver :I forgot to say — good
morning all — thnx for reminder joey 🙂
(06:35 am) skydiver :ipo – PAGP – just
opened
(06:37 am) JoeyTSA :strong off open i mean
(06:40 am) JoeyTSA :AMZN lod
(06:40 am) JoeyTSA :/ES pulling back to R1
support
(06:41 am) skydiver :TSLA dropping nicely –
covering 3/4 here
(06:43 am) JoeyTSA :AAPL losing $500
(06:44 am) skydiver :short VIP 13.04 and
TSLA you can drop more if you like
(06:45 am) skydiver :all out of TSLA short
(06:45 am) JoeyTSA :good trading sky
(06:46 am) skydiver :TSLA was ok , but VIP
did not cooperate
(06:47 am) skydiver :AAP is beautiful this
morning
(06:49 am) Qwert :yes AAP is our friend 🙂
(06:49 am) skydiver :nice qwert 🙂
(06:50 am) skydiver :all out of VIP short –
basically at be
(06:51 am) JoeyTSA :for the low-priced stocks
players, keep eye on GURE and BORN
(06:51 am) regatta :watching ERJ from
yesterday
(06:52 am) skydiver :someone leak the
housing market index already or?
(06:52 am) JoeyTSA :or something out of DC
(06:52 am) JoeyTSA :/CL popped too
(06:53 am) skydiver :thanx Ed
(06:53 am) JoeyTSA :thx Ed, figured something
like that
(06:57 am) JoeyTSA :GS blew thru $160
(06:58 am) JoeyTSA :nice 10pt move on /ES
(06:58 am) JoeyTSA :around 100t on /YM
(07:01 am) JoeyTSA :watch this $102 /CL
level
(07:01 am) JoeyTSA :also R2/1713 on /ES
(07:04 am) JoeyTSA :NFLX got really no bounce
on that big market move
(07:05 am) Ed :looks to be still digesting
huge move from monday
(07:06 am) JoeyTSA :probably
(07:07 am) skydiver :House Republican
leaders have now not decided to accept Senate
plan
(07:07 am) skydiver :discussing it further
at moment
(07:07 am) JoeyTSA :keystone cops
(07:08 am) skydiver :well, maybe they didn’t
have time to get all the stock positions they
wanted setup yet
(07:08 am) JoeyTSA :no kidding
(07:11 am) skydiver :ipo – VEEV now open
(07:12 am) JoeyTSA :thx sky
(07:13 am) JoeyTSA :watching VISN here
(07:13 am) JoeyTSA :MA alltime high, might
shoot for $700
(07:14 am) skydiver :long VEEV 36.92 –
(07:15 am) JoeyTSA :GURE low priced mover
(07:16 am) JoeyTSA :its trying for $3 🙂
(07:16 am) skydiver :all out of VEEV 37.64
(07:17 am) taco :nice one sky
(07:17 am) JoeyTSA :sky p o 🙂
(07:17 am) skydiver :good one joey 🙂
(07:19 am) JoeyTSA :AAP great moves today
(07:20 am) skydiver :again . . Mitch’s
teachings on how to handle ipo’s is wonderful
. . I am very rough at it but works 🙂
(07:21 am) JoeyTSA :its the best way if you
want to play them
(07:21 am) skydiver :yes indeed . . . ipo’s
of course are not my “thing” 🙂
(07:22 am) skydiver :but when things are
slow . . wakes me up’
(07:22 am) JoeyTSA :lots of really good moves
today
(07:23 am) skydiver :funny how people get a
glazed look on their faces when you try to
explain day trading to them
(07:24 am) JoeyTSA :yeah, i see it on my
wife’s face everyday haha
(07:25 am) skydiver :mine too 🙂
(07:25 am) JoeyTSA :early break, great
calls..see you in 20
(07:26 am) skydiver :enjoy joey
(07:37 am) skydiver :monitoring Z
(07:37 am) skydiver :oh . . sorry . . didn’t
see the chart up
(07:46 am) gum :Mitch, thanks for SCTY,
bought low and sold high 3x so far!!
(07:46 am) JoeyTSA :watching for potential
breakout on SOHU
(07:48 am) Ed :so looks like 36 may be the
floor on VEEV, but dont trade on that infor
(07:49 am) skydiver :thnx Ed . . just looked
at it . . .interesting
(07:49 am) skydiver :monitoring TSLA’s drop
and SCTY move up
(07:50 am) Ed :stock will let us know though
(07:51 am) Ed :speaking of VEEV
(07:56 am) skydiver :TSLA – would be nice if
it would bounce . .
(07:58 am) skydiver :thanks mr TSLA 🙂
(07:59 am) skydiver :okay all out of TSLA
long 182.87 – 183. 87 — have to go into the
office. Thanks for great calls. See you all
tomorrow 🙂
(07:59 am) JoeyTSA :good job sky, enjoy the
day
(07:59 am) skydiver :you too joey 🙂
(08:00 am) Ed :c ya sky
(08:00 am) skydiver ::)
(08:00 am) taco :cya sky
(08:01 am) Murano :see you sky
(08:09 am) JoeyTSA :just posting that news,
not trading off of it yet
(08:09 am) Ed :thx joey
(08:16 am) Ed :I think Mitch needs mulligan
on /CL long
(08:17 am) JoeyTSA :yeah, he ate the wrong
fortune cookie 🙂
(08:17 am) Ed ::)
(08:17 am) Mitch King:lol funny boys. that
101 area has been holding for last several
days in CL, odds are it wanted to move up,
more upside overall this next few days
(08:19 am) Qwert :hahahaa
(08:19 am) JoeyTSA :/ES 1717, push thru
should get it to 1720, esp if bill passes
(08:23 am) Ed :nice call on VISN joey
(08:24 am) JoeyTSA :VISN been a good one
(08:25 am) JoeyTSA :i think i played more
lower priced stocks today than i have all
year combined haha
(08:26 am) Ed :setup is setup no matter
instrument or price
(08:26 am) JoeyTSA :very true, just my
scanners dont usually pick up the lower ones,
esp GURE
(08:27 am) JoeyTSA :SCTY testing hod
(08:27 am) Ed :true
(08:27 am) JoeyTSA :happened to see GURE
mentioned on briefing
(08:35 am) JoeyTSA :also saw yesterday Fitch
has the US on negative watch or something to
that effect
(08:39 am) Murano :keep a tight stop on CRM
if you are short
(08:42 am) regatta :watching KNDI
(08:43 am) JoeyTSA :good moves on both SCTY
and RCPT
(08:49 am) Mitch King:you guys see that
Portland hedge fund firm Common Sense
investing story a few weeks ago? Founder
was caught trying to hire prostitute?
(08:49 am) JoeyTSA :no
(08:49 am) Ed :sure did
(08:50 am) Mitch King:he had about $3.2
billion in assets, now investors have pulled
out 95% of the total fund’s assets, now down
to $150 mil
(08:50 am) Mitch King:i think his performance
was low last 2 years and this just tipped the
scales for investors to leave
(08:51 am) Ed :sold himself as being
christian based firm, and lot of christian
had invested
(08:51 am) Mitch King:right
(08:51 am) JoeyTSA :wow
(08:52 am) Mitch King:what is really bad
about the mutual fund or hedge fund industry
is there aren’t many pure stock picking
managers left. not like Peter Lynch.
managers just put money with a variety of
funds. and that all dilutes performance
(08:52 am) Mitch King:must be close to 90% of
funds cant beat the SO 500 index yet all they
could have done is put in a Vanguard SP500
index at low cost
(08:53 am) Mitch King:if fund managers are
putting with other fund managers that are
putting with other fund managers…….
performance mathematically has to decrease
lower and lower
(08:55 am) Mitch King:the biggest investors
in that Common Sense investing fund were
municipalities, pensions, other hedge funds
(08:58 am) Mitch King:when you see guys not
paying attention to business, usually goes
downhill. It is like when when founders of
companies start doing philanthropic
activities, get your money out of that
compnay because they arent paying attention
to building, they are thinking more about
giving money away. cant have same mindset
running company
(08:58 am) JoeyTSA :agreed
(09:01 am) Mitch King:last part of sermon
today: when you see guys thinking with their
weenie their lives start spiraling down, like
an airplane in a spiraling dive which is hard
to recover
(09:03 am) JoeyTSA :agreed again haha
(09:06 am) Qwert :hahaha
(09:08 am) JoeyTSA :SCTY testing $51 now
(09:12 am) JoeyTSA :Ed, great LULU call
(09:13 am) Ed :thx
(09:21 am) JoeyTSA :nice one Murano
(09:24 am) JoeyTSA :/GC popped
(09:32 am) JoeyTSA :strange to get deal news,
then see market drop, gold/silver higher
(09:40 am) Ed :nice murano on AMX
(09:41 am) Murano :sometimes the blind
squirrel finds an acorn
(09:42 am) Ed :better than my “cbroken clock
being right 2x per day”
(09:42 am) Murano :haha
(09:43 am) JoeyTSA :that blind squirrel does
pretty good
(09:43 am) Ed :murano u coming to oregon
(09:44 am) Murano :No Ed, I have a friend
coming to visit that weekend
(09:44 am) Ed :ok
(09:55 am) JoeyTSA :eye on ACAD,ELLI
(10:13 am) JoeyTSA :early break, see you in
45
(10:49 am) Murano :out all M
(10:49 am) Mitch King:you guys are going to
learn a ton about trading at this three day
workshop. both stocks and futures trading
(10:51 am) Qwert :super excited
(10:52 am) Mitch King:qwert, i think your
futures profits are going to go way way up
(10:54 am) Qwert :great i hve already been
doing better but want to make the jump to the
next level
(11:08 am) JoeyTSA :of course the senate vote
is after market hours
(11:30 am) Murano :ODP also moving up
(11:33 am) JoeyTSA :eye on SCTY on potential
move over hod
(11:46 am) Murano :read in wall street
journal that JPM is getting out of physical
commodity assets
(11:46 am) JoeyTSA :i heard something to that
effect also
(11:52 am) Qwert :Taking off early today for
a birthday lunch cya all in the am awesome
calls today
(11:52 am) JoeyTSA :enjoy qwert, happy bd
!!!
(11:52 am) Qwert :thx joey
(11:52 am) Ed :happy bday ole man
(11:52 am) taco :cya Qwert, happy bday
(11:52 am) Ed :enjoy
(11:52 am) Qwert :hahaha yeah i feel it too
(11:52 am) JoeyTSA :step away from the fried
food..want you to make it to next bd haha
(11:52 am) Murano :happy birthday Qwert
(11:53 am) Qwert :thx murano
(12:01 pm) JoeyTSA :taking off early
(12:02 pm) JoeyTSA :thankts
Mitch,Ed,Diosna,Murano,Qwert,everyone
(12:02 pm) JoeyTSA :have a great day, see you
in the morning
(12:02 pm) Ed :c ya joey
(12:03 pm) taco :cya joey
(12:06 pm) Murano :see you Joey
(12:49 pm) Murano :if you took URI short
would cover some here
(12:57 pm) taco :nice URI Murano, thanks
Mitch Ed Diosna and everyone c ya in the am
(12:57 pm) Ed :c ya taco
(12:57 pm) Murano :see you taco
|
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