[06:14 am] Mitch : this drop in the SPY is
caused by a Reuter news wire 12 minutes ago
that they are considering delaying the EU
summit scheduled for this weekend
[06:14 am] Mitch : Private Gomer Pile:
Surprise, surprise, surprise.
[06:15 am] Mitch : I’ve been saying over and
over and over the last 10 days that this is
far from over, the bailout of Greece, the
contagion of Italy, Portugal, Spain. I’ve
been pounding the table in the Daily Stock
Report that there isn’t enough money to go
around for even 2 of those countries let
alone 4.
[06:16 am] Mitch : And I’ve said getting 17
people in a room and asking them to agree on
pitching in money in a pool to help someone
else who has been irresponsible with their
money, besides the fact it threatens those 17
countries who aren’t in as much financial
trouble
[06:17 am] Kris : good morning traders
[06:18 am] Kris : APKT, ILMN, ANV, WDC and
WYNN as possible shorts
[06:18 am] Kris : Today I’m watching HSY,
AGN, BBBY, CBST, KMP, TZOO and PLCM as
possible longs.
[06:18 am] Mitch : The 17 people (countries)
are likely to say what Rod Tidwell said (Cuba
Gooding, Jr.) to Jerry Maguire, “I don’t want
to be friends no more”
[06:18 am] Mitch : THis market is going down,
for days, trending down most likely
[06:27 am] Kris : 2 Minutes. Time to Rock!
Let’s have another awesome day.
[06:28 am] Kris : Stay focused and keep your
emotions in check
[06:30 am] Kris : ANV short
[06:30 am] Kris : GMCR short
[06:30 am] Kris : WYNN short
[06:31 am] Kris : BRCM short
[06:31 am] Kris : out half WYNN short
[06:32 am] Kris : NVLS short
[06:32 am] Kris : out half GMCR short
[06:33 am] Kris : NVDA short half
[06:33 am] Mitch : try for 26.10+ area on
CAKE short
[06:33 am] Mitch : watching for short in
CAKE
[06:34 am] Kris : JNPR short half
[06:34 am] Kris : out another 1/4 WYNN
short
[06:34 am] Mitch : watching for bottom in
LVS, let it drop a lot
[06:35 am] Kris : breaking support
[06:35 am] Kris : out another 1/4 GMCR
short
[06:35 am] Kris : out half JNPR short
[06:35 am] Kris : SPY new lod
[06:36 am] Kris : APKT short half
[06:36 am] Mitch : looking for short with
RVBD after, repeat AFTER a rebound
[06:36 am] Mitch : LVS should bounce too
[06:36 am] Mitch : WYNN turning up
[06:38 am] Kris : SPY new lows
[06:39 am] Kris : ARUN short half
[06:41 am] Kris : GMCR still looking weak
[06:41 am] Kris : looking for new lod in
WYNN
[06:41 am] Mitch : no good on casinos here,
too much selling pressure for bounce
[06:42 am] Kris : SPY weak bounce, hanging
out around support
[06:42 am] Mitch : more downside in DECK
[06:42 am] Mitch : watching for short in
FNF
[06:43 am] Kris : LULU short half
[06:44 am] Kris : maybe a quick hitter
trvlntrdr but I don’t like F-Word stocks so
I’ll be on the short side of that one.
[06:44 am] Mitch : watching for short on
WDC
[06:46 am] Mitch : watching for short in
BX
[06:47 am] Mitch : WDC toppy
[06:48 am] Mitch : watching for short on top
of LULU bounce
[06:48 am] Mitch : WYNN turning over, close
if long
[06:49 am] Kris : GMCR new lows
[06:49 am] Kris : SPY starting to slow
[06:49 am] Mitch : monitor CELG
[06:49 am] Mitch : watching for short in
NTCT
[06:50 am] Kris : APKT short second half
[06:50 am] Kris : ARUN short second half
[06:50 am] Mitch : watching for top in RVBD
for short, soon
[06:51 am] Kris : NVDA looking weak so far
[06:51 am] Mitch : CELG turning over
[06:51 am] Mitch : little late on ATI &
try for 38.50+
[06:51 am] Mitch : watching for short in
ATI
[06:52 am] Kris : ARUN coming down to test
the lod
[06:52 am] Mitch : looking for short on top
of bounce of GTLS
[06:53 am] Kris : a lululow
[06:53 am] Kris : looking for new lod in
LULU
[06:53 am] Kris : SPY coming down, see if we
can test lod support
[06:54 am] Mitch : like to short XLNX above
30.75+
[06:55 am] Kris : out all GMCR short
[06:55 am] Kris : out half ARUN short
[06:56 am] Mitch : GMCR interesting LONG
swing trade at this price
[06:56 am] Mitch : GMCR swing trade requires
big change in your mindset than scalping
[06:58 am] Kris : see what kind of bounce we
get here in the SPY
[07:00 am] Kris : here we go
[07:00 am] Kris : philly fed and existing
home sales coming out
[07:00 am] Mitch : FOSL bouncing
[07:00 am] Mitch : trying for low 86
[07:02 am] Mitch : leading economic
indicators positive
[07:02 am] Mitch : that’s what the spike
is
[07:05 am] Mitch : looking at DECK for
potential short on top of rebound
[07:06 am] Mitch : consider covering most of
ATI short, soon
[07:06 am] Mitch : lost interest in WDC
short
[07:07 am] Mitch : watching TSCO for short,
2nd helping (missed first)
[07:08 am] Mitch : looking for short in FOSL
bounce
[07:10 am] Kris : IDCC ALERT
[07:10 am] Kris : IDCC BUYOUT RUMOR
[07:11 am] Kris : sorry joey, I didn’t see
your post.
[07:11 am] Kris : thanks broseph
[07:12 am] Kris : SPY coming up into triple
top resistance
[07:12 am] Mitch : IDCC expert level trade
[07:14 am] Kris : SPY new hod
[07:15 am] Kris : sweet sassy molassy
[07:16 am] Kris : CRUS has fleas
[07:18 am] Kris : see those higher lows
[07:18 am] Kris : that’s your cue
[07:18 am] Kris : you should be out EYES
[07:18 am] Mitch : consider covering IDCC
here if you shorted
[07:19 am] Kris : SPY coming into trendline
support
[07:19 am] Mitch : CELG, consider reducing
short by 1/3rd
[07:19 am] Mitch : consider covering NTCT
here 15.55 area
[07:19 am] Mitch : consider covering XLNX
short
[07:19 am] Mitch : watching for DECk short
soon
[07:20 am] Mitch : hope you guys got out of
TSCO short around 70, making new highs
soon
[07:30 am] Kris : nat gas numbers out
[07:31 am] Kris : NFLX negative comments
coming out
[07:35 am] Kris : weak bounce in the SPY,
look for a breakdown into the lod soon.
[07:38 am] Kris : PANL weak bounce off the
lows, looking weak
[07:38 am] Mitch : watching IR for bottom
[07:40 am] Kris : no thanks on PLCM with this
price action boomboom. I think we have
another day to 2 down and the we might find a
tradeable bottom.
[07:40 am] Mitch : also monitor SCSS for
short as well
[07:40 am] Mitch : monitor CELG for 2nd
helping shorts later, 55.55+ area
[07:44 am] Kris : PENN ALERT
[07:44 am] Kris : thanks rusty
[07:45 am] Mitch : watching PENN for
bounce
[07:46 am] Mitch : IR weak bounce, very
weak
[07:47 am] Kris : if you’re short PANL, look
to take some profit here.
[07:47 am] Mitch : you guys know not to jump
in the idea we just post. you have to watch
those indicators before you buy
[07:50 am] Mitch : watching KMI for short
[07:51 am] Kris : SPY nearing lod support
[07:51 am] Mitch : $28 is possible for IR,
might be a little optimistic but possible
[07:52 am] Mitch : $28 is possible for IR,
might be a little optimistic but possible
note IR is rebounding when indexes selling
off same with PENN. Also, with PENN, the
scaling is different, much bigger changes is
occurring with PENN than the chart looks
like, already $1 or 3% off bottom
[07:52 am] Mitch : $28 is possible for IR,
might be a little optimistic but possible
note IR is rebounding when indexes selling
off
[07:55 am] Kris : look for weak stocks to
short soon if we get a break
[07:55 am] Kris : watch SPY for a dump below
120.70
[07:56 am] Kris : not .70
[07:56 am] Kris : sorry, 120.80 is what I’m
watching for SPY break line.
[07:57 am] Mitch : also XLNX, same thing
happening
[07:57 am] Mitch : look at that ATI, went all
the way back down
[07:58 am] Mitch : deceptive thing about KMI
chart is the scaling. drop is only 36 cents
or 1.1% drop so far from top
[07:58 am] Mitch : watch for short on top of
PENN bounce
[07:59 am] Kris : PENN turning over
[07:59 am] Kris : SPY new lod
[08:01 am] Kris : accelerating volume and
price to the downside on the spy
[08:01 am] Kris : starting to watch TNA for a
long reversal soon
[08:02 am] Mitch : consider covering KMI if
short, 28.50 area
[08:02 am] Mitch : watch SPY, S&P 500
index etf
[08:03 am] Kris : would like to see SPY come
down into 120 area before looking to the
longs
[08:05 am] Kris : come on baby, come on
down
[08:05 am] Kris : credit suise defending
PENN
[08:12 am] Kris : don’t’ get greedy with the
TNA longs
[08:12 am] Kris : not acting very strong on
this bounce so far
[08:12 am] Kris : she bounce a little early
from more solid support levels
[08:12 am] Kris : take your profit and
protect your entry
[08:12 am] Kris : we could break to new
lows
[08:12 am] Mitch : i”d venture to guess we
see 112-114 on the SPY within 2 weeks.
[08:12 am] Mitch : My strong belief is that
we will be seeing stocks sell off quite
substantially the next 4-7 trading days.
That overall selling pressure should be
strong and shorts are clearly going to be
favored to profit over longs. Look at the
daily charts, way over bought, look at the
SPY daily chart
[08:15 am] Mitch : you guys get that short
PENN
[08:16 am] Kris : longs don’t trying to hold
it, not sure they have the mustard
[08:16 am] Kris : SPY fighting lod
[08:16 am] Mitch : ?
[08:16 am] Mitch : bounces won’t be as strong
off the bottom and shorting the tops of the
bounces have been working and should continue
to be very good next few days to probably a
week or more
[08:17 am] Kris : SPY new lod
[08:42 am] Kris : also near overhead
trendline resistance from the past 2 highs
[08:42 am] Kris : SPY starting to slow and
come back into trendline support
[08:49 am] Kris : SPY breaking trendline
support
[08:56 am] Kris : SPY new lod
[09:01 am] Mitch : if anyone took advice on
the GMCR as swing trade long . . . it’s not
a bad idea to take profits today and try to
look for lower prices next couple of days.
This is a big move from 63 area to 72 in same
day
[09:19 am] Kris : SPY new lod
[10:01 am] Mitch : could have a quickie short
on DECK
[10:01 am] Mitch : maybe 60 cents on DECK
short to $1
[10:05 am] Mitch : this time of day, this is
all i can find, little scalps 1/2% to 1%
potential profits
[10:06 am] Mitch : you can consider them
profits that go in your bucket but you have
to be alert to execute properly. has to be
precise. if you are tired, brain fried, bad
attitude, low blood sugar, forget them
[10:08 am] Mitch : could get another short in
DECK again, another 60 cents,
[10:08 am] Mitch : GMCR probably heads back
down 2-3 more points because that rebound
from 63 to 72 area was a big move,
[10:09 am] Mitch : another small profit would
be a short in CELG
[10:09 am] Mitch : no, never mind, CELG, not
enough profit potential
[10:33 am] Kris : SPY consolidating under
resistance levels here, if it holds it could
make a nice move over hod resistance
[10:45 am] Kris : fwiw
[10:45 am] Kris : I am out of my TZA swing
trade
[10:46 am] Kris : watch for a new hod
breakout in the SPY soon
[11:39 am] Kris : SPY new hod
[11:53 am] Kris : break time. be back in
30.
[12:26 pm] Kris : I’m back
[01:01 pm] Kris : good night everyone. see
you tomorrow morning.
|
[06:13 am] jewels : Anybody feeling like we
are still going to have a down day on the
market?
[06:13 am] joeytsa : home sales,philly fed
at 10am est
[06:13 am] joeytsa : lots of report today
also…unemployment up a bit
[06:14 am] anthonyb : I hoping for it
Jewels
[06:14 am] joeytsa : on daily i use
20/50/200 with same inidis
[06:14 am] joeytsa : on the minute charts i
use 5/15, stochs,macd,vol
[06:14 am] mikewd2 -: I’m betting on it with
TZA
[06:16 am] joeytsa : gap
up:TZOO,RVBD,CBST,ALXN,BWLD,TSCO,FFIV,
[06:17 am] joeytsa : gap down:
PLCM,WYNN,CRUS,EBAY,BIDU,CTSH,
[06:19 am] boomboom : That TZA long swing is
looking pretty delicious right now
[06:19 am] joeytsa : I think the Euro is
doomed
[06:23 am] doji : Anyone taking TZA in the
pre-market? Just curious
[06:23 am] joeytsa : PA gov signed a
takeover bill for Harrisburg..they have big
money probs
[06:23 am] shark : Ghadaffi MIGHT be dead
-CNBC
[06:25 am] mikewd2 -: added to my TZA L 38.4
premarket
[06:28 am] blakesax : YHOO looking strong
relative to market
[06:28 am] skydiver : Talk is Microsoft
still trying to buyout YHOO
[06:30 am] mikewd2 -: i have 120 2.5 LEAPS
on nok
[06:31 am] joeytsa : ABT running
[06:32 am] joeytsa : out WYNN
[06:32 am] mikewd2 -: WLT short
[06:37 am] boomboom : beautiful on GMCR
short
[06:38 am] mikewd2 -: out half WLT
[06:40 am] joeytsa : Great call on CAKE
Mitch !!
[06:41 am] joeytsa : GMCR was a beauty 🙂
[06:42 am] doji : wdc
[06:42 am] joeytsa : AAPL lod
[06:42 am] scalpman : All out of CAKE.
[06:43 am] joeytsa : FOSL looked a little
weak on that bounce
[06:43 am] trvlntrdr : kris, what do you
think of 3 min fade in GMCR?
[06:44 am] joeytsa : BWLD looked weak on
that bounce also
[06:46 am] anthonyb : AMLN
[06:46 am] anthonyb : missed TZOO long
[06:46 am] joeytsa : ABT trying to close
gap
[06:46 am] joeytsa : AGU running, might set
a short
[06:46 am] junior : CROX running
[06:47 am] doji : WDC very strong
[06:47 am] skydiver : MOS running up
[06:47 am] trvlntrdr : ok thanks Kris I
didn’t realize that was an issue– didn’t see
the news when I looked for it yest.
[06:49 am] doji : FSLR
[06:49 am] eyes-inthenow : Kris stop on
lulu
[06:49 am] joeytsa : GMCR..the gift that
keeps on giving
[06:49 am] joeytsa : LVS lod
[06:49 am] shark : AAPL -short at 400
level!
[06:51 am] joeytsa : stopped out on GMCR
[06:51 am] taco : even if rvbd has new
hod?
[06:52 am] joeytsa : s CELG 66.70
[06:53 am] joeytsa : BAX lod
[06:53 am] joeytsa : BWLD shot up
[06:54 am] joeytsa : ANF lod
[06:54 am] joeytsa : stopped at be on
CELG..oh well
[06:55 am] apple : K – GMCr was a clear
winner — thx
[06:55 am] joeytsa : look for more later
kris 🙂
[06:55 am] shark : CAKE fight!
[06:56 am] joeytsa : a few reports coming up
soon…watch your positions
[06:56 am] joeytsa : you mean i actually
have to BUY GMCR 🙂
[06:57 am] doji : TZA lookig great
[06:58 am] anthonyb : RVBD
[06:58 am] doji : FSLR too strong to
Short
[06:58 am] doji : same as WDC
[06:58 am] skydiver : L GMCR 65.01
[06:59 am] apple : joey – and you would have
to hold it longer than a few hours…
[06:59 am] mikewd2 -: L GMCR 65.05
[07:00 am] apple : L GMCR 64.93
[07:00 am] joeytsa : should set up a nice
buy price for those swinging it
[07:00 am] joeytsa : TZA nice drop
[07:00 am] mikewd2 -: that’s not good
[07:01 am] joeytsa : TSCO jumped too [07:00
am] skydiver : go GMCR!
[07:01 am] mikewd2 -: adding to my TZA
[07:02 am] doji : L/S battle in the
street
[07:02 am] mikewd2 -: added TZA L 39.05
[07:03 am] joeytsa : AEM lod
[07:03 am] joeytsa : i don’t believe it, but
i will play it that way
[07:04 am] joeytsa : TZA moving up again
[07:05 am] joeytsa : CAT doing ok after that
initial drop
[07:05 am] shark : AAPL shortable under $400
– double top
[07:06 am] joeytsa : die Ipad die 🙂
[07:06 am] mbear : Kris – were you stopped
out of LULU?
[07:06 am] shark : correction – on the
day
[07:06 am] shark : on daily
[07:07 am] rusty : if it sets up
correctly
[07:07 am] rusty : OPTT kind of thin but
worth watching
[07:07 am] rusty : OPTT radar – possible
early bullshort play setting up
[07:07 am] shark : who would have known that
CNBC biz reporters would get sent into RIOT
zones!
[07:09 am] joeytsa : ESI dive-bombing
[07:09 am] joeytsa : IDCC spike up
[07:10 am] doji : SPY moving, higher low
[07:10 am] joeytsa : looking for another
short of GS on weakness
[07:10 am] shark : SPY trending up, lower
highs…
[07:11 am] mikewd2 -: wow IDCC on a run
[07:11 am] pow : rvbd breakout
[07:12 am] boomboom : IDDCC…gorgeous,
Kris, thank you
[07:12 am] mikewd2 -: there’s the profit
taking
[07:12 am] scalpman : Out 3/4 TNA L
[07:12 am] shark : SPY DIA hod
[07:13 am] joeytsa : out IDCC long
[07:13 am] joeytsa : short IDCC, only
risking 50cents
[07:14 am] joeytsa : out half IDCC
[07:14 am] joeytsa : stop moved to 48
[07:14 am] mikewd2 -: unless it blows thru
your stop!
[07:14 am] scalpman : All out TNA L….
[07:15 am] joeytsa : trailing down
[07:15 am] mikewd2 -: gotta luv those buyout
rumors
[07:15 am] skydiver : moving stop down on
IDCC
[07:15 am] skydiver : my favorite – buyout
rumors
[07:15 am] skydiver : S IDCC 49.05
[07:16 am] joeytsa : stopped out 🙂
[07:16 am] mikewd2 -: GMCR very nice bounce
off the lows
[07:17 am] eyes-inthenow : Stop on APKT
KRis
[07:19 am] anthonyb : CLB
[07:20 am] rusty : APKT takeover rumors
[07:21 am] anthonyb : TZOO approaching
lod
[07:22 am] joeytsa : tighten stop on GMCR
[07:23 am] joeytsa : stopped out 40cents
:)…will be looking for more later
[07:25 am] joeytsa : DLTR has been a nicely
trending stock..daily
[07:25 am] rusty : GMCR RSI = 20
[07:26 am] joeytsa : AEM a dog lod
[07:26 am] joeytsa : UNP strong today
[07:27 am] anthonyb : If it wasn’t for that
piece of crap GMCR I’d be 100%
[07:27 am] anthonyb : What an awesome day
[07:27 am] joeytsa : thanks Rusty…i
stopped using rsi, might have to add that
back in
[07:28 am] skydiver : still in the green
though 🙂
[07:28 am] skydiver : Was doing well, but
got side tracked with IDCC trade – forgot I
had a trade in TSCO
[07:29 am] joeytsa : PANL lod, looks weak
today
[07:30 am] joeytsa : IDCC consolidating
[07:30 am] Mitch : happens frequently
skydiver
[07:31 am] joeytsa : is GMCR really setting
up again? [07:31 am] joeytsa : IDCC broke
down at the moment
[07:32 am] skydiver : GMCR looks tempting –
but . . .
[07:33 am] anthonyb : look at RVBD
falling
[07:33 am] shark : GREAT! die, NFLX!
[07:34 am] ronfrac : rvbd pss bottoming
[07:34 am] shark : GMCR 45% off highs –
reaching 50% retracement
[07:34 am] shark : I’d rather make $$
too!
[07:36 am] joeytsa : RVBD had a decent
quarter
[07:37 am] joeytsa : yeah pow, nice
recovery
[07:37 am] pow : wYNN HOD
[07:38 am] joeytsa : it’s a 50% retracement
from the prev cl
[07:39 am] boomboom : Kris/Mitch..what do ya
think of PLCM long here?
[07:40 am] boomboom : I heard that, joey,
thanks
[07:40 am] joeytsa : boom: they had to
adjust #’s, net rev below..just be careful
[07:40 am] pow : 2nd helping wynn
[07:41 am] anthonyb : do you mean 65.55?
Mitch? CELG
[07:41 am] anthonyb : I think 66.55
[07:41 am] boomboom : Thanks, you two 🙂
[07:41 am] joeytsa : agreed Kris
[07:41 am] joeytsa : looks like 125 is temp
resistance on WYNN..perfect 50%
[07:43 am] lightning : has Brent been off
the last few days?
[07:44 am] mikewd2 -: yes
[07:44 am] rusty : PENN ALERT
[07:44 am] rusty : PENN ALERT
[07:46 am] joeytsa : copper down 8% this
week?
[07:46 am] monster : like IR
[07:47 am] anthonyb : moved my stop on CELG
short to 66.31
[07:47 am] rusty : PENN see 4Q Rev 671M
[07:47 am] shark : SPY at close of
yesterday
[07:47 am] skydiver : WLL – Rumors
[07:48 am] joeytsa : does anyone else feel
that some of these news feeds are just to
play with the markets?
[07:48 am] joeytsa : one hour is ” EU won’t
reach a decision”
[07:48 am] rusty : yes
[07:49 am] scalpman : IR L @ 27.04 avg
[07:50 am] anthonyb : great price
scalpman
[07:50 am] doji : L 35.84
[07:50 am] doji : PENN
[07:50 am] doji : You beat me by 5 cents
mike!
[07:50 am] mikewd2 -: PENN L 35.79
[07:50 am] mikewd2 -: yep
[07:50 am] scalpman : Out 1/3 IR
[07:51 am] doji : It must be the 10,000
miles from Rio to whatever the TDA server
is!
[07:51 am] pow : all out of wynn short
[07:52 am] boomboom : Upsy daisy, PENN
[07:52 am] mikewd2 -: out half PENN
[07:53 am] doji : Come on PENN I know you
can give 26.9666566673
[07:53 am] mikewd2 -: that’s my target also
doji: lol
[07:54 am] doji : Filled on PENN, told you
Mike
[07:54 am] scalpman : Out another 1/3 IR
[07:55 am] scalpman : Stopped in the green
on the last 1/3…
[07:56 am] anthonyb : KMI looks ripe to
pick
[07:58 am] anthonyb : out long PENN
chickened out
[07:58 am] mikewd2 -: all out PENN, very nice
guys
[07:58 am] neuronx : IDCC 2nd shrt
[07:58 am] rusty : SODA worth watching for
swingtrade
[07:59 am] eyes-inthenow : Mitch Where would
you enter KMi
[08:01 am] jewels : I’ll take the CELG love
all day long
[08:01 am] ronfrac : PENN in 36.12 out
37.02. THX Mitch
[08:01 am] scalpman : All out TZA
[08:01 am] scalpman : TZA L @ 39.71
[08:04 am] anthonyb : how about reversing
the CELG short right in here?
[08:04 am] boomboom : Oh EBAY..why couldn’t
I get shares of you to short. 🙁
[08:05 am] anthonyb : I am all out of my
short. Big gains 😉
[08:05 am] jewels : that’s what I’m thinking
too anthony
[08:06 am] anthonyb : I think good idea
now
[08:06 am] jewels : but watching it on the 5
min chart looks like possibly more
downside
[08:06 am] jewels : I’m going to hold it for
a bit and watch
[08:07 am] anthonyb : I’ll just watch
[08:08 am] doji : L TNA 38.04
[08:08 am] neuronx : KWK
[08:08 am] pow : 1/2 position tna
[08:09 am] mikewd2 -: don’t like tna
[08:11 am] neuronx : KWK 7.50 supp
[08:12 am] doji : Out TZA 38.3
[08:12 am] doji : TNA sorry
[08:12 am] sonorant : thanks Mitch — it is
really helpful to have an example of when
something isn’t “acting right”
[08:13 am] mikewd2 -: Mitch: if markets are
going to sell off – should we take profits on
GMCR then and wait on swing?
[08:13 am] mikewd2 -: up 3.20 on GMCR
[08:13 am] scalpman : Not Playing TNA…just
watching now…
[08:13 am] scalpman : Out TNA and Reversed
and out…
[08:14 am] mhaus : GMCR [email protected]
[08:14 am] shark : nice mhaus, nice!
[08:15 am] mikewd2 -: although it is going in
opposite direction with today’s markets
[08:15 am] mikewd2 -: so mhaus, are you
swinging this? and does a big market selloff
change your plans?
[08:15 am] Mitch : well mike, GMCR came down
from $95 to $63 in 4 trading days, plus is
off its high of $115+ 3 weeks before
[08:16 am] bandit : i did great short thank
you
[08:16 am] boomboom : Nope on PENN
[08:16 am] mhaus : my sell is at 69
[08:16 am] mikewd2 -: no shares on PENN
[08:16 am] sonorant : (well and Mitch
too)
[08:16 am] sonorant : Sorry — I should have
said thanks Kris!!
[08:18 am] shark : VIX up 5.7% today –
hod
[08:19 am] mikewd2 -: continues to bounce
off
[08:19 am] mikewd2 -: GMCR bouncing off lower
trend line
[08:19 am] scalpman : TZA L 40.50
[08:20 am] scalpman : Out TZA small
profit…
[08:21 am] mikewd2 -: keep it a couple bucks
below current price?
[08:21 am] mikewd2 -: so on a swing like GMCR
– in 65.05 should i continue to move up stop
during the swing?
[08:21 am] shark : I would, mikewd2
[08:21 am] shark : if you have a 1% stop,
you can loosen it to 1.2% and so on as you
have more profit margin
[08:22 am] mikewd2 -: but it most likely will
get stopped. thought our swing stops were a
lot more
[08:22 am] mikewd2 -: i was at 3% on entry
[08:22 am] shark : depends on the volatility
of the stock
[08:23 am] Kris : % stops don’t work as well
for me on swing trades
[08:23 am] Kris : it will vary on the
trade
[08:23 am] Kris : regarding the best spot to
be in
[08:23 am] Kris : use past S/R levels mike
[08:23 am] mikewd2 -: ok, need to review
webinar again and see what the plan should
be
[08:23 am] shark : I hear you Kris, just
using as a quick reference.
[08:23 am] shark : it also depends on your
portfolio position size as well
[08:23 am] shark : that’s fine
[08:24 am] mikewd2 -: it’s at 100 day lows
[08:24 am] mikewd2 -: ok, so go back 6-8
months for support/resistance on GMCR
[08:24 am] rusty : swings = smaller
positions, wider stops in general
[08:24 am] shark : also avoid round numbers,
consider moving averages, etc…
[08:25 am] joeytsa : that’s what i try to do
rusty…position sizing based on where i set
my stop loss, while only risking 3%
[08:25 am] Kris : you swinging that short
mike?
[08:25 am] mikewd2 -: Kris, I’m long on
GMCR
[08:25 am] mikewd2 -: swing that long on
GMCR
[08:26 am] Kris : 1/4? 1/2?
[08:26 am] Kris : how big a position do you
have mike?
[08:26 am] Kris : oh
[08:26 am] mikewd2 -: 300 shares
[08:26 am] mikewd2 -: per Mitch’s call this
morning to start looking at GMCR long
[08:26 am] shark : ran out of sellers,
mikewd2. Shorts happy to buy and close for
big $$$
[08:27 am] Kris : ok
[08:27 am] Kris : use the 15 minute chart,
you still have upside momentum, hold your 1/4
and see if it can pull back on the next 15
minute cycle down, look for a higher low and
then add another 1/4 there.
[08:27 am] mhaus : I am all out
[08:27 am] mikewd2 -: 1/4
[08:27 am] mikewd2 -: I’m certainly willing
to take the profit if i’m wrong
[08:27 am] mikewd2 -: yep, it’s almost
retraced to open
[08:27 am] shark : 10% move off bottom
GMCR
[08:28 am] jewels : All out CELG
[08:28 am] Kris : before adding
[08:28 am] Kris : different mindset on this
so you want to start slow and make sure you
have the new trend in place
[08:28 am] mhaus : Done for the day. Got to
go now. May join in later. If not, talk to
you all tomorrow. Have a wonderful day.
[08:28 am] mikewd2 -: perfect, understand
[08:28 am] mikewd2 -: yesterday’s close
rather
[08:28 am] shark : GMCR moving into
resistance at yesterday’s close, volume
good
[08:29 am] Kris : have a good one mhaus
[08:29 am] mikewd2 -: thanks Kris for the
info
[08:30 am] Kris : what’s your entry mike?
[08:31 am] Kris : well done
[08:31 am] Kris : you’re in a good spot
[08:31 am] mikewd2 -: 65.05
[08:31 am] mikewd2 -: good follower
[08:31 am] mikewd2 -: Mitch’s call
[08:31 am] mikewd2 -: up 4 so far
[08:32 am] Kris : you actually could have
your stop near BE, I would be just under
65.00
[08:33 am] mikewd2 -: ok, i just moved it to
BE had it lower from entry
[08:34 am] mikewd2 -: like we do during a
3min fade
[08:34 am] mikewd2 -: so Kris, still confused
on adding to GMCR. I’m looking for a pull
back and then rebound?
[08:35 am] shark : GMCR
[08:35 am] shark : little pull back here at
resistance (yesterday’s close)
[08:38 am] mikewd2 -: 69.93
[08:38 am] mikewd2 -: not sure if i did it
right, but i added to GMCR
[08:38 am] shark : broke thru resistance on
big volume, very good mikewd2
[08:39 am] joeytsa : i have a “position size
calculator”..tells me how many shares to buy
according to my risk and stop level..kind of
cool
[08:39 am] lightning : watching CIEN for
possible short
[08:39 am] shark : next upside target, is
the 200 day MA at 74.ish
[08:41 am] boomboom : Wish I’d have held my
GMCR w/ ya, Mike. Great patience and bravery
on your part
[08:42 am] boomboom : I thought I was
getting a steal selling at $67
[08:42 am] doji : GMCR is a big runner
today
[08:42 am] mikewd2 -: I usually make a swing
into a day if it jumps big
[08:42 am] mikewd2 -: wanted to play a swing
the way Mitch and team would. Haven’t done
that before
[08:43 am] boomboom : Swinging scares the
bojangles outta me these days, but would’ve
been a good one as you’re proving 😉
[08:43 am] joeytsa : yeah boom: my swing
trading has been reduced
[08:43 am] Kris : basically you can day trade
some of these and just take home a small
piece before the close
[08:43 am] Kris : yeah mike, if it make a big
run smart to take day trade profits and keep
a smaller piece for a pullback to add it
again.
[08:43 am] shark : volume staying strong
GMCR
[08:44 am] boomboom : Well, holler if you
see another like it, Kris ;p
[08:44 am] joeytsa : kris: would you do
options for reduced $ exposure?
[08:44 am] Kris : to lock in the gap up gains
possible on the swing.
[08:44 am] mikewd2 -: thanks will do – makes
me feel a little better doing that
[08:45 am] joeytsa : GMCR has weeklys
[08:46 am] joeytsa : cool, like GMCR,
daytrade with stocks, but swing it with
options
[08:46 am] Kris : I’m testing that out joey,
working on a new system like we talked
about
[08:47 am] joeytsa : I’m also testing that
out with a combination of your breakaway
trades and new high/new lows…
[08:47 am] lightning : OVTI spiking
[08:47 am] mikewd2 -: i’ve thought about
doing that joey, but haven’t yet.
[08:48 am] boomboom : Holy cow PLCM..new
hod
[08:48 am] joeytsa : buy options on the 1st
breakout, then go more in on the pullback
[08:48 am] mikewd2 -: OVTI that was quick
[08:48 am] scalpman : S GMCR @ 71.55
[08:49 am] joeytsa : if it runs with no
pullback, add options for lower $ risk once
again
[08:49 am] mikewd2 -: dang near got the high,
sold half GMCR 71.75
[08:50 am] joeytsa : great job mike
[08:50 am] mikewd2 -: may buy back at the
trend line
[08:51 am] joeytsa : getting those
tops/bottoms is tough, just give me the meat
in the middle of the sandwich 🙂
[08:51 am] joeytsa : gotya
[08:51 am] joeytsa : shark..nice job
[08:51 am] mikewd2 -: need to look into that
next time
[08:51 am] scalpman : OUt 3/5 GMCR
[08:51 am] shark : 10 $65 GMCR calls at lod
=appx 2800 now worth $7000
[08:51 am] shark : just an example, did not
get this
[08:52 am] joeytsa : $2800 vs $65,000
[08:52 am] joeytsa : catch most of the
profit
[08:52 am] shark : and as fast as it could
drop….2800 max risk or you could take fewer
contracts too
[08:52 am] shark : easier sometimes than
risking 65,000 short
[08:52 am] shark : exactly!
[08:53 am] joeytsa : if stock drops, delta
lowers, so you lose less
[08:53 am] joeytsa : reduced risk on the
downside
[08:53 am] joeytsa : that’s why i like on
swings to go deep itm, delta 80….
[08:53 am] joeytsa : you get most of the
upside…
[08:53 am] pow : TYP short
[08:53 am] pow : You should consider TYP 3X
tech
[08:53 am] shark : deep itm on swings good
too for certain types of trades
[08:54 am] joeytsa : 2-3 strike prices in,
try to get close to 75-80 delta
[08:54 am] joeytsa : i do that when swing
trading
[08:55 am] apple : agree
[08:55 am] joeytsa : i was writing for a
swing of a few days to 2 weeks
[08:55 am] joeytsa : yes
[08:55 am] pow : WYNN breaking lower
[08:55 am] shark : for 1-2 day bounce or
move, I prefer ATM, or 1-2 strike OTM for
lower total initial investment in case it
goes wrong
[08:56 am] mikewd2 -: TZA hod
[08:56 am] shark : man your stations
everyone!
[08:56 am] shark : SPY lod
[08:57 am] mbear : Mitch, Kris – what do you
think about a short of RIO below 47?
[08:57 am] scalpman : Out another 1/5 on
GMCR
[08:57 am] shark : GMCR peaked out as market
turned down –
[08:58 am] mikewd2 -: GMCR near trend line
support
[08:59 am] doji : See you later guys… have
a meeting to attend, will come back for the
last hour
[08:59 am] joeytsa : GMCR at prev cl
[08:59 am] joeytsa : indis in oversold
[08:59 am] scalpman : GMCR
[08:59 am] scalpman : Stop in the green at
70.01
[09:02 am] apple : thx, MK, will take some
profit today
[09:02 am] scalpman : Still have a piece of
GMCR S
[09:02 am] shark : stick like glue around
yesterday’s close: GMCR
[09:03 am] mikewd2 -: as it broke the trend
line
[09:03 am] mikewd2 -: out GMCR
[09:03 am] shark : GREAT JOB, mikewd2!
[09:04 am] jewels : Still holding some GMCR
short here
[09:04 am] mikewd2 -: +2 on my add, +5’ish on
my original entry
[09:04 am] scalpman : All out GMCR S
wow…nice one…
[09:06 am] jewels : All out GMCR… round
two?
[09:06 am] joeytsa : very nice Mike…great
call on that Mitch
[09:06 am] ronfrac : Greek PM said he
doesn’t expect to reach agreement this
weekend.
[09:06 am] rusty : FSLR might interest some
of you
[09:06 am] scalpman : I miss the long on
GMCR…but got a nice short…
[09:08 am] scalpman : Thanks guys…this is
a great service. Love it!
[09:08 am] scalpman : Time to go…had a
great day…8 for 8 thanks for excellent
calls TSA
[09:09 am] mikewd2 -: what do you see in
FSLR, rusty?
[09:09 am] scalpman : Congrats to all who
made fine trades. That is inspiring!
[09:10 am] joeytsa : slowly trending
lower
[09:10 am] mikewd2 -: yeah, i see that but
…
[09:11 am] anthonyb : does anyone remember
what was going on in the news the day of the
“flash crash”?
[09:11 am] mikewd2 -: i hope
[09:11 am] mikewd2 -: you still have TZA?
[09:12 am] garyb : I bought TZA this morning
buddy…and am enjoying the windfall! 🙂
[09:12 am] joeytsa : anthony: i think it was
greek riots actually, like today
[09:12 am] mikewd2 -: hard not to see the
money, but going to hold for a few days per
Mitch.
[09:12 am] shark : 9:30am PT on CNBC Herg
Greenberg going to TRASH ACCOUNTING of
GMCR
[09:12 am] shark : 9:30am PT on CNBC Herg
Greenberg going to TRASH ACCOUNTING of
GMCR
[09:13 am] candelas : back then we had a lot
of gap ups in overnight futures but when
markets opened the range was very small, this
went on for months, like steady up move with
no vol.
[09:13 am] joeytsa : take that TZA money and
do a 6horse superfecta box haha
[09:13 am] mikewd2 -: although been day
trading some
[09:14 am] jewels : shark, hasn’t GMCR been
having problems with their accounting?
[09:14 am] joeytsa : 3x4x5x6
[09:14 am] joeytsa : i never box those..just
part-wheel
[09:14 am] joeytsa : sounds a little
familiar candelas
[09:14 am] mikewd2 -: not like i haven’t done
that before joey!
[09:14 am] mikewd2 -: yeah a box would be
some bucks
[09:15 am] joeytsa : tri’s do the
part-wheel,
[09:15 am] joeytsa : waste of money
[09:15 am] mikewd2 -: i do alot of
tri-box’s
[09:15 am] rusty : HBIO radar
[09:15 am] shark : they have, and then they
cleared it with independent auditors and NOW
STORY IS THAT THEY FAKED THE INVENTORY -with
the independent auditors counting wrong
[09:16 am] jewels : I hear that Joey… too
much manipulation
[09:16 am] joeytsa : can’t trust anything
said
[09:16 am] joeytsa : that’s why i hate hate
hate fundamental analysis..it’s all crap
[09:16 am] shark : volume drying up on
GMCR
[09:16 am] trvlntrdr : you never know the
truth
[09:17 am] jewels : I’ve been staying away
from CNBC during the day. It messes me up.
[09:17 am] joeytsa : all i need to know is
displayed on a chart
[09:17 am] joeytsa : when Mitch shows a V
pattern forming…all i see is an
overreaction to something whether true or
not
[09:17 am] shark : good job, jewels: stay
with price/volume/indicators
[09:17 am] shark : no doubt joeytsa, trade
the price/volume/indicators
[09:17 am] trvlntrdr : the fundamentals
matter in the long run but — you could lose
for a long time, and how do you really know
the truth any way?
[09:18 am] garyb : Hey Joey, Mike..do you
guys have a target for TZA? I’m thinking
around 45.
[09:18 am] joeytsa : jewel: CNBC is great
because they influence the sheep
[09:18 am] pow : SPY below 120 support
[09:18 am] shark : AAPL testing lod
[09:19 am] joeytsa : gary: i can’t predict
prices unfortunately
[09:19 am] joeytsa : set a trailing stop,
and when it hits…there’s my target haha
[09:19 am] mikewd2 -: do u have much TZA
garyb?
[09:19 am] mikewd2 -: not sure probably wait
until Mitch says markets should turn around
soon.
[09:19 am] mikewd2 -: will watch the daily
and 15min charts
[09:20 am] garyb : yeh 1k also Mike
[09:20 am] mikewd2 -: I’m up to 5k, with 1k
still day trade shares.
[09:20 am] shark : AAPL breaking lod, volume
increase
[09:21 am] garyb : trying not to go
overboard with it as I got stung a few
time
[09:21 am] garyb : Yeh…good point Joey.
[09:21 am] joeytsa : mike/gary : if you have
your stops set correctly you won’t get
burned
[09:21 am] mikewd2 -: my avg on the 5k is
37.91
[09:21 am] shark : GOOG testing lod today
and yesterday
[09:22 am] joeytsa : FOSL just broke thru
some res
[09:22 am] joeytsa : should take any fear
away also
[09:22 am] joeytsa : smart mike…just don’t
risk over a certain % of your total account
value…
[09:22 am] mikewd2 -: my stop is positive
money – so feel pretty good
[09:23 am] amersaeed : is SPY making an
inverted head & shoulder….??
[09:23 am] garyb : the way I see it, people
will not want to hold stocks over the weekend
because of the European meeting so tomorrow
should be another down
day…..disclaimer…my own common sense
[09:23 am] joeytsa : doesn’t mean you can’t
use a lot of that account value for the trade
though…
[09:23 am] joeytsa : just be smart with
risk
[09:23 am] mikewd2 -: well, i did extend that
a bit over last two days
[09:23 am] sonorant : what happened to
FSLR?
[09:24 am] joeytsa : i use my full position
at times, but my risk% tells me how many
shares i can buy
[09:24 am] mikewd2 -: dang Rusty was right on
FSLR,
[09:25 am] joeytsa : great call
Rusty..played follow the leader
[09:25 am] shark : GREAT RESEARCH rustoleum!
Love ya bro
[09:25 am] sonorant : yes, I got a nice
chunk of it — way more than I expected to
get.
[09:26 am] eyes-inthenow : Kris when
importing Stock into Ninja say the Nasdaq
where do i Install them mahaus said default i
try that and my computer freezes
[09:26 am] mikewd2 -: is GMCR consolidating
for another run ?[09:26 am] pow : Mitch, any
more long swings other than GMCR?
[09:27 am] rusty : a/k/a “Please sir, may I
have some more”
[09:27 am] shark : volume is quiet, maybe
after Herb’s upcoming story
[09:28 am] joeytsa : pow: I’m waiting for a
small pullback in both DLTR and STMP, using
daily charts
[09:29 am] jewels : Is it crazy to hope that
GMCR could come down to the 66.90 area?
[09:29 am] joeytsa : AEM lod
[09:29 am] joeytsa : WLT trying to make a
move
[09:30 am] anthonyb : OK guys, take care see
you all tomorrow
[09:30 am] anthonyb : yes shark, GOOD
DAY!
[09:30 am] boomboom : This room needs a
boost on Investimonials. It should definitely
be in the tops.
[09:30 am] jewels : Yes! Investimonials.
[09:30 am] joeytsa : GMCR setting up like a
spring?
[09:30 am] rusty : CNBC should be doing GMCR
shortly – ALERT
[09:30 am] rusty : Greenberg will pan it no
doubt. Get ready to buy a hard dip if
seen.
[09:30 am] shark : mmmm…feels like a range
bound area
[09:31 am] jewels : Joey, you’re looking for
upside here on GMCR?
[09:31 am] joeytsa : should be a nice
move
[09:31 am] lightning : all covered CIEN —
+1.4%
[09:31 am] mikewd2 -: that breaks? joey
[09:32 am] jewels : well said 🙂 [09:31 am]
shark : GMCR joeytsa
[09:32 am] joeytsa : and then the possible
reverse after
[09:32 am] joeytsa : i know that didn’t
really help haha
[09:32 am] joeytsa : not looking either way,
just the way it goes
[09:32 am] joeytsa : SPY moving higher
[09:33 am] joeytsa : GMCR indis all right in
the middle and hovering at prev cl
[09:33 am] mikewd2 -: at resistance yes?
[09:34 am] mikewd2 -: TZA broke trend line
[09:36 am] joeytsa : GMCR getting buying
[09:36 am] mikewd2 -: adding TZA 40.42
[09:37 am] jewels : rusty, doesn’t bad news
mean higher prices these days?
[09:37 am] joeytsa : out 50cents on GMCR
[09:38 am] joeytsa : will short it if it
doesn’t make a higher high
[09:39 am] apple : only one needs to hear it
and the rest will follow…
[09:39 am] joeytsa : going to be patient on
this one
[09:39 am] joeytsa : sometimes it takes a
minute for all of the sheep to get the
news
[09:39 am] shark : kind of weak Greenberg
story today.
[09:40 am] joeytsa : haha, but GMCR is
looking weak
[09:40 am] joeytsa : then they have to call
their brokers
[09:40 am] mikewd2 -: analyst talking down
GMCR, starbucks half the multiple twice the
company.
[09:41 am] jewels : GMCR looks confused
[09:41 am] joeytsa : that strategy used to
work great on nyse stocks back in the day
[09:41 am] shark : dia, AAPL, die
[09:42 am] shark : lower high
[09:43 am] joeytsa : AEM is a dog
[09:43 am] shark : consolidating for higher
move
[09:45 am] joeytsa : SINA interesting,
making a “W”
[09:47 am] joeytsa : SINA cracking?
[09:47 am] mikewd2 -: garyb: you been playing
AGQ
[09:47 am] mikewd2 -: or thinking about it
[09:48 am] joeytsa : AEm ready to break
below 43
[09:48 am] joeytsa : GMCR breaking down
[09:49 am] joeytsa : trail it down if you
are in
[09:49 am] shark : it was a fake out:
GMCR
[09:50 am] joeytsa : stop loss set in profit
zone
[09:52 am] mikewd2 -: if it breaks 69 its
going down i bet
[09:52 am] shark : AAPL new lod
[09:53 am] sonorant : set at alert on FSLR
at lod I don’t see any support in the
daily
[09:53 am] trvlntrdr : thanks for reminding
me about GMCR.
[09:54 am] joeytsa : tight stop on GMCR
[09:55 am] joeytsa : 2 straight gr candles
1min
[09:55 am] shark : APPL trending down
nicely
[09:55 am] sonorant : joey, candles — when
something start down (or up) FAST, do you
break the rule about limit orders only? It
can be really hard to get a fill
[09:56 am] joeytsa : i usually break that
rule…shhhh 🙂
[09:56 am] shark : how have you fills been
joeytsa?
[09:56 am] sonorant : I tried to get in to
that GMCR down turn —- no dice. I went in
then too late. i would have been better off
breaking the rule at the very start.
[09:57 am] joeytsa : stopped out $1.25
[09:57 am] joeytsa : don’t trip over pennies
while picking up dollars 🙂
[09:57 am] joeytsa : they get filled haha
[09:57 am] mikewd2 -: i miss a lot of orders,
but don’t do market very often
[09:57 am] mikewd2 -: i try to go bid plus
[09:58 am] mikewd2 -: etrade pro
[09:58 am] sonorant : mike, that sounds like
a reasonable compromise. What platform are
you on again?
[09:59 am] garyb : hey mike….saw your
question…just got back from Subway….no
AGQ here..how about you?
[09:59 am] joeytsa : while i don’t recommend
market orders, i do use them on fast moving
stocks that I really want to get into
[09:59 am] jsn13 : market spiking for what
reason?
[09:59 am] mikewd2 -: i just click on the bid
price and it adds a set amount to it
[09:59 am] mikewd2 -: not yet, thinking that
if market tanks and EU doesn’t’ settle maybe
silver would be good play
[09:59 am] sonorant : oh, there was a
question for you back up there a ways —
about quick moving stocks and if you always
use a limit order to enter them, or if you
give yourself some leeway?
[10:00 am] candelas : based on daily
supp/res
[10:00 am] candelas : I place several orders
at times
[10:00 am] garyb : Good idea Mike….I will
take a look too when I am finished my roasted
chicken with southwest sauce
[10:00 am] joeytsa : not a scalp of say
20cents..then i need a tighter window
[10:00 am] joeytsa : sonorant : my market
orders are also usually only done on stocks i
expect a bigger move in…
[10:00 am] mikewd2 -: AGQ approaching 50
[10:00 am] mikewd2 -: you didn’t get us
any?
[10:00 am] sonorant : several orders?
[10:01 am] candelas : I sometimes cancel
quickly
[10:01 am] candelas : my matrix makes it
easy
[10:01 am] garyb : when I sell TZA Mike…my
treat!
[10:01 am] joeytsa : will be nice Mitch
thanks
[10:01 am] sonorant : do you get your fill
on a limit order?
[10:01 am] sonorant : yes, but I mean a
stock that just takes off — you are always
getting the long while the rest of us are
twiddling our thumbs waiting for the
short.
[10:02 am] candelas : i can bump up price,
which is a limit but kind of like market
[10:02 am] candelas : ie. price does not
exceed x
[10:02 am] candelas : to allow for
slippage
[10:02 am] mikewd2 -: for the day trade
[10:02 am] mikewd2 -: i bought more TZA and
missed my target by 3 cents
[10:02 am] mikewd2 -: so i’m up to 7k now
[10:02 am] sonorant : bummer mike
[10:02 am] sonorant : so you end up in
between the ask and the bid?
[10:03 am] candelas : Kris explains it
better than I do
[10:03 am] candelas : takes some getting use
too
[10:03 am] garyb : 7k is good….maybe YOU
should buy the subs then! lol
[10:03 am] joeytsa : i have that too
candelas, just not used to working it out
yet
[10:03 am] joeytsa : on slower stocks,
limits are easier..same with swings
[10:03 am] sonorant : anyone — is it
possible to increment by one or two on NT? I
think that is maybe what I was trying to do
when I turned my screen picture upside down.
Bad experience. Never went back there.
[10:04 am] candelas : but it works nicely,
matrix that is
[10:04 am] garyb : I love the matrix
candelas…just learning to use it this
week..awesome!
[10:04 am] joeytsa : GMCR with another gimme
off of that prv cl res
[10:04 am] mikewd2 -: i will if it goes to
45. looking for 50k profit and i need it
[10:04 am] sonorant : right. more homework.
There is a matrix in NT, but I sort of gave
up on it. Partly due to lack of screen space
— it is a real hog.
[10:05 am] candelas : it really is
[10:06 am] candelas : beats a snowball on a
hot summer day
[10:06 am] candelas : it all adds up
Mitch
[10:06 am] candelas : no, do you?
[10:06 am] garyb : makes it so easy to place
orders! Do you used the auto trade function
they have?
[10:06 am] joeytsa : those are great esp on
higher priced stocks
[10:07 am] garyb : just studying it….looks
interesting…just wondering how risky it
is….
[10:07 am] joeytsa : yeah shark, leaning on
the bearish side
[10:07 am] shark : GMCR range bound. Looks
like it wants to stay in this trending
range
[10:07 am] sonorant : Thanks Mitch. Too
slow on first round
[10:08 am] candelas : i like control, so i
will stay away from that feature
[10:08 am] joeytsa : yes mitch, lower high
on that bounce
[10:09 am] garyb : In theory ed, if it
really does work it would be very impressive,
take the ALL the emotion out.
[10:09 am] trvlntrdr : what software has the
matrix?
[10:10 am] candelas : but guess it could be
great other than that
[10:10 am] candelas : guess ur right, I just
wonder if u come to depend on it and its
down
[10:10 am] shark : VIX mellowing out
(pulling back)
[10:12 am] joeytsa : not sure i could ever
trust a machine to make buy/sell decisions
for me
[10:12 am] shawnt4 : if deck goes to 101.45
I am out
[10:13 am] boomboom : Stopped out of DECK
[10:13 am] shark : CMG reports after hours
today
[10:14 am] apple : thx MK, K and everyone.
Great trades. Gotta leave early today –
everyone have a super evening.
[10:14 am] shark : beat earnings. up 7%
[10:14 am] shark : BWLD in beat up 7%
today
[10:18 am] topdogrex : rimm flying
[10:21 am] jsn13 : seriously any news to
excite the market?
[10:22 am] candelas : talks of meeting
sarkosy/merkel
[10:24 am] sonorant : you know, if things in
Europe surprised everyone and actually went
well — or gave the temporary illusion of
going well, markets could still go up.
[10:25 am] candelas : Illusion is the key
word
[10:25 am] sonorant : yes, so much is smoke
and mirrors
[10:26 am] candelas : creates volatility
which is great for traders
[10:27 am] joeytsa : volatility +
directional bias = $ $ $
[10:28 am] candelas : we even had a volatile
summer also
[10:30 am] Kris : now would be a good time to
start looking to add to that GMCR swing trade
mike
[10:30 am] sonorant : shorting FSLR again,
but it is really just tracking the SPY
[10:35 am] derns : Watching NFLX for a run
up if the SPY breaks thru this resistance
[10:39 am] trvlntrdr : celg consolidating
also
[10:40 am] blakesax : MSFT consolidating as
well
[10:40 am] blakesax : rumors as well
[10:42 am] blakesax : SPY needs to hold his
head up
[10:45 am] observer : It’s worth a lot,
Kris. we believe in you
[10:49 am] jewels : C’mon GMCR… do it!
[10:52 am] doji : This market is just
nuts… [10:52 am] doji : I am closing my
TZA here also guys
[10:52 am] trvlntrdr : buyers need to rev up
the engines for takeoff
[10:53 am] doji : Don’t worry Gary, better
times will come. The key point is not to lose
money
[10:53 am] garyb : yeh I’m out too
Doji……darn, should have closed it this
morning [10:53 am] doji : Even the swings
need to be traded as scalps now!
[10:53 am] Kris : I don’t know eyes. that
question is better for NT support
[10:53 am] Kris : The SPY daily chart was
lagging too much for me to hang with the TZA
long swing.
[10:54 am] Kris : to me, it’s looking like
it’s coiling up for a move above resistance.
could be another day or two. We’ll know more
by the close today.
[10:58 am] mikewd2 -: dang stepped away for a
while, what happened to TZA?
[10:59 am] garyb : tza stop out
mike….Kris, doji and I sold
[10:59 am] mikewd2 -: my day trades stopped
but still have the majority
[11:00 am] garyb : I don’t know why the
change now either…ruined my too…as I was
up quite a bit
[11:00 am] mikewd2 -: that ruined a very nice
day
[11:01 am] garyb : wow…frustrating
[11:01 am] mikewd2 -: i went down about 12k
in TZA
[11:06 am] mikewd2 -: Obama to talk
[11:06 am] mikewd2 -: this should help!!!!
[11:07 am] garyb : however mike…if I look
at the longer term charts like 5, 10,
15…..the stochastics are low and starting
to point up on TZA
[11:09 am] doji : Do uou use Limit of Market
Stops Mike?
[11:09 am] mikewd2 -: difficult days ahead,
keep talking Mr. Obama
[11:10 am] doji : or you run the risk of not
getting filled if the stock moves very
quick
[11:10 am] doji : That is the point, I
always use Market Stops
[11:10 am] mikewd2 -: straight limit –
[11:11 am] blakesax : some seller at .90 on
MSFT won’t let it get through
[11:11 am] doji : If your order is too big
you can have stepped market stops
[11:11 am] doji : Ok
[11:11 am] doji : that is the first lesson I
learnt with pain
[11:11 am] mikewd2 -: i do market stops,
sorry didn’t understand
[11:12 am] blakesax : he comes in at .90 and
.91 something fierce
[11:12 am] derns : Every time Obama speaks,
the market drops
[11:12 am] garyb : Hopefully Obama talks for
a few hours! lol
[11:12 am] garyb : Personally I think TZA is
on the way up again Mike
[11:12 am] mikewd2 -: dang Obama making me
money, might have to vote for him. NOT!
[11:13 am] doji : SPY at support line
here
[11:13 am] mikewd2 -: i had my day trade
stops a bit loose on TZA, so lost a bunch on
them.
[11:13 am] mikewd2 -: I’m going to take some
profit if it does
[11:14 am] blakesax : you almost have to
give the 3X ETF’s 40 cents or more, they
wiggle so much
[11:14 am] doji : Fortunately I had it above
break even….
[11:14 am] garyb : good doji
[11:14 am] garyb : My break even is 45 on
tza lol
[11:15 am] garyb : That’s to make up for all
the mess I made in the past few weeks
[11:15 am] mikewd2 -: 45, you’re kidding
right!
[11:15 am] mikewd2 -: i had 5%, so right at 2
bucks
[11:17 am] jewels : MOS is kind of
interesting up here
[11:18 am] mikewd2 -: POT turning over a bit
also
[11:19 am] mikewd2 -: I think in this market
we need to take profits more quickly and look
for new buying.
[11:20 am] garyb : I agree Mike….I was
waiting for TZA to go higher,,,now I’m
sorry….like Mitch said last week..that
market is acting like a 12 year old girl,
changing her mind every few seconds
[11:20 am] qwert : by everybody issues again
with internet today so just been watching but
gonna go to lunch with my sweetie so see ya
tomorrow
[11:21 am] mikewd2 -: it was dumb of me not
to take some TZA profits up there.
[11:22 am] garyb : Someone once told me it’s
like you are standing by a fountain and to
get the water you have to take quick grabs
with your hand cause if you keep your hand in
there too long you could lose it.
[11:22 am] joeytsa : old saying mike : If
you go for broke…broke you will surely
go
[11:22 am] mikewd2 -: getting better on my
day trades, half, half or quarters
[11:23 am] mikewd2 -: yeah, unfortunately
that has been my style – trying to change a
little bit at a time
[11:24 am] lightning : I didn’t know
Delorean was still a company
[11:26 am] garyb : Candelas…I don’t
understand in TS which values are the k%
&d% in the stochatics? There is just
Smoothing Length1 SmoothingLength2 [11:24 am]
mikewd2 -: Delorean motor company making an
electric delorean $90K
[11:27 am] candelas : when I used them I
went with slow stoch
[11:27 am] garyb : and StockLength
[11:28 am] blakesax : greece passed
[11:30 am] candelas : Garyb stoch slow has
default of 14 3 3
[11:33 am] boomboom : Think CMG could be
giving us a preview of a/h earnings a la WYNN
yesterday?
[11:36 am] joeytsa : not sure boom, but i
don’t like stocks dropping into earnings for
buy signals//made a nice 30 point run up
recently though
[11:38 am] joeytsa : i do know that the ECRI
says that a recession is a done deal
[11:39 am] garyb : Candelas…is that what
you use? I want to change it to 10 8 4
[11:39 am] garyb : Sorry…10 8 7
[11:39 am] trvlntrdr : risk on!
[11:40 am] boomboom : Agreed, joey. Not
looking good for great earnings for CMG. Wish
I had the guts to short it before the
announcement, but that’s how accts are
killed.
[11:40 am] candelas : yes, slow default is
14 3 3
[11:40 am] dmitry : anybody thinking CROX
for a swing?
[11:40 am] jewels : Woohoo… run SPY,
run!
[11:41 am] joeytsa : i learned to play the
run up into earnings and get out b4 the
actual announcement
[11:42 am] joeytsa : even better if the
company has pre-announced better than
expected earnings
[11:44 am] blakesax : finally got mine in
MFST…only took 2 hours
[11:44 am] joeytsa : there are a few small
earnings things i look for such as..moving
the announce date either back or closer…if
shareholder meeting and earnings are on same
day, possible stock split etc
[11:44 am] mikewd2 -: bottom in TZA?
[11:44 am] trvlntrdr : nflx has a lot of
resistance at 111.80
[11:48 am] joeytsa : been doing some reading
on the euro problems, i don’t see a happy
ending over there
[11:49 am] candelas : the quicker they go
back to their own currency the better it
would be long term
[11:50 am] joeytsa : those banks over there
have 1 foot on a patch of ice, the other food
on a banana peel
[11:50 am] mikewd2 -: we need a nice 3min
fade!
[11:50 am] sonorant : got it to work. It is
not fast, but it is way more accurate than
grabbing the arrow and moving it.
[11:50 am] sonorant : trvlntrdr — I am
always on sim, but I don’t want to ruin my
sim performance!! 🙂
[11:51 am] joeytsa : dexia already needed
help, and they aren’t in the top 10
largest
[11:51 am] joeytsa : french banks have
big-time issues
[11:51 am] lightning : le grande issues
[11:51 am] sonorant : I was thinking about
how the Halloween season is a great metaphor
for the markets these days — the players
just keep putting on different masks!
[11:52 am] trvlntrdr : I should try more
hotkeys– I have to practice to get
faster.
[11:54 am] jewels : joey, are you the one
who said last week that you are fundamentally
short and technically long the market?
[11:56 am] jewels : I think of that every
day when I sit down to work with this
market
[11:56 am] joeytsa : but that was last week
haha
[11:56 am] joeytsa : longterm bearish,
shorterm bullish
[11:57 am] candelas : for traders short term
is first 90min in am and long term is after
lunch
[11:57 am] jewels : Because I was
fundamentally and technically short
[11:57 am] jewels : same here
[11:57 am] joeytsa : actually it kept me out
of a lot of the recent up move…too focused
on the bearish side
[11:57 am] joeytsa : you have to keep each
one in perspective…
[11:58 am] joeytsa : i have troubles buying
a stock for a swing when it’s in a pronounced
downtrend
[11:58 am] trvlntrdr : gmcr really
falling
[11:59 am] joeytsa : it’s a tricky market to
hold onto positions..at least for me
[12:00 pm] jewels : It’s tricky to hold
longer than 20 minutes these days
[12:00 pm] joeytsa : i do better when they,
for example, give me a buy signal AND the
stock is trending up…
[12:00 pm] joeytsa : some people know how to
take every signal that the indicators
give….
[12:01 pm] jewels : I’m trying to be more
diligent with working off of higher time
frames
[12:01 pm] joeytsa : i then use the sell
signal as a time to exit that position as
opposed to going short…for the most part
[12:01 pm] joeytsa : might want to put it
back down quickly hha
[12:01 pm] joeytsa : yeah sonorant!!!
[12:01 pm] sonorant : gee, I just picked up
one share short of GMCR!
[12:02 pm] jewels : I hear that
[12:02 pm] jewels : I lost my mojo on PANL
(shorting on news) a few months back and have
been treading water ever since.
[12:02 pm] joeytsa : daytrading,
swings,longer term holds are all different
animals
[12:02 pm] joeytsa : it’s always a work in
progress jewels
[12:03 pm] jewels : No swings for me in this
market. Only intraday trading now.
[12:03 pm] joeytsa : if you are looking at
daily charts, you cant expect your move to be
made in minutes…so i try to trade the
timefram i am looking at
[12:05 pm] joeytsa : but this isn’t a
perfect world right now
[12:05 pm] joeytsa : in a perfect world i
look at market cycle/trend..then strongest
sectors outperforming the market, then
strongest stocks in those sectors that are
outperforming the sector…for swing to
longer holds
[12:05 pm] joeytsa : RS charts will show you
the best of the best
[12:06 pm] jewels : RS?
[12:06 pm] joeytsa : comparing sector to
markets, stocks to sectors, stocks to market
etc
[12:06 pm] joeytsa : sorry, Relative
Strength
[12:07 pm] joeytsa : again..way too much
work for daytrading, but great for
swing/holds
[12:08 pm] jewels : Someday I’ll go back to
that but for now, daytrading only.
[12:08 pm] joeytsa : same here, but i still
always look..mainly on the weekends
[12:08 pm] sonorant : Does anyone have any
burning questions for NInja Trader? I have
someone from there who is going to call me
after the market closes.
[12:09 pm] jewels : joey, did you ever do
much with DeMark?
[12:09 pm] joeytsa : sonorant : ask them if
they will ever link up with Lightspeed
[12:10 pm] joeytsa : i tried a method a few
years ago
[12:10 pm] joeytsa : thank you
[12:10 pm] sonorant : Kris, Brent, I was
emailed a video from NT showing me how to set
up my charts to display both overnight hours
trades and have the OHLC be based on normal
market hours. Ran in to some problems.
Kris — have you found a way to do it? If I
get it to work properly, will share with
whoever is interested.
[12:10 pm] sonorant : will do Joey.
[12:11 pm] joeytsa : jewels: you added
todays high+low divided by todays close + low
blah blah balh haha
[12:11 pm] sonorant : trvlntrdr — are you
on NT? I had forgotten that (If i knew)
[12:11 pm] trvlntrdr : I would like to know
also Sonorant, about the OHLC
[12:11 pm] trvlntrdr : Yes
[12:12 pm] jewels : lol… I have it set up
pretty sweetly on TOS
[12:12 pm] jewels : no math involved here
[12:12 pm] joeytsa : give me a gap opening
and chart
[12:12 pm] joeytsa : too much math
[12:13 pm] jewels : I just don’t always have
patience but if I do… woohoo
[12:13 pm] joeytsa : show me a V pattern
with indi’s at extreme levels i’ll tell you
which way things will go 🙂
[12:14 pm] joeytsa : jewels: you are much
better off with pattern recognition along
with mass overreaction anyways
[12:15 pm] jewels : But that IS DeMark,
isn’t it
[12:15 pm] jewels : patterns… catch the
move before everybody else knows what’s going
on
[12:16 pm] jewels : heck though, I have a
LOT to learn
[12:16 pm] joeytsa : true, but i find it
easier to just play the pattern once it
develops…don’t have to guess
[12:17 pm] joeytsa : after hours fire up a 1
yr chart of GS, add a 20,50,200 ma
[12:18 pm] joeytsa : i wouldn’t buy any of
the “buy signals” because it was in a
downtrend…
[12:19 pm] garyb : Mike…what did you end
up doing with your TZA..sell all or do you
still have some?
[12:19 pm] joeytsa : where to short? every
time it hits resistance and THEN turns
down..it has to turn down first for me to
short
[12:19 pm] mikewd2 -: I’ve been buying GS
2013 LEAPS
[12:20 pm] jewels : I know what you mean
joey
[12:20 pm] joeytsa : i don’t see good things
for banks mike, but you never know
[12:20 pm] mikewd2 -: still have all
[12:20 pm] mikewd2 -: would feel better if it
would close up about 0.25 more
[12:21 pm] joeytsa : not every trade will be
a winner, but like Mitch says every
night..put the odds on your side
[12:21 pm] mhaus : in Prior Day indicator do
“False” for Show High, low and open
[12:21 pm] mhaus : Sonorant, try adding two
indicators. Prior Day OHLC and Current Day
OHL
[12:21 pm] mikewd2 -: not going to worry
until Mitch says market turning up.
[12:22 pm] mhaus : In the current day, you
can see the High, Low and Open
[12:22 pm] mhaus : That will only show the
close
[12:22 pm] mikewd2 -: are you out? garyb
[12:22 pm] mikewd2 -: i’m still up about $1
buck on avg on 5k shares
[12:22 pm] mikewd2 -: moved my stop down to
BE
[12:23 pm] garyb : yeh mike, I’m out
[12:23 pm] mikewd2 -: i thought you had a
swing?
[12:25 pm] garyb : Market went
up…wondering if Gadafi’s death had
something to do with that
[12:25 pm] lightning : ok, that’s it for me
today. see you tomorrow
[12:25 pm] lightning : thanks TSA and
everybody
[12:26 pm] boomboom : CMG just keeps
dying
[12:26 pm] boomboom : CMG just keeps
dying
[12:26 pm] mikewd2 -: TZA back above
yesterday’s close
[12:26 pm] mikewd2 -: would like to short CMG
but …
[12:27 pm] boomboom : I would too, Mike
[12:27 pm] garyb : Kris, just wondering why
you closed TZA swing? Did you notice
something on the indicators?
[12:27 pm] joeytsa : no weekly’s on CMG
unfortunately..but tomorrow is option ex
[12:27 pm] mikewd2 -: it could easily drop
10-15 pts with earnings
[12:27 pm] mikewd2 -: Kris, thoughts on
shorting CMG?
[12:27 pm] mikewd2 -: lod and earnings
tonight
[12:27 pm] shark : everybody has weekly’s
this week, joeytsa
[12:27 pm] sonorant : mhaus — I have those
indicators added. The problem is that I am
also showing after market hours — and I like
it that way. As a result, my open and my
close and my high and my low (those these
last 2 are often not affected) come from
afterhours data. This means, for example
that my “open” line comes from midnight, as
does my previous day close.
[12:28 pm] boomboom : Almost looks like
that’s the way it’s headed..geesh
[12:28 pm] garyb : riding this wave
[12:28 pm] garyb : yeh Mike I bought in
again but with a small position
[12:28 pm] joeytsa : CMG 305 pouts approx
$8
[12:28 pm] joeytsa : correct shark 🙂
[12:28 pm] shark : everything pricey on
CMG
[12:28 pm] sonorant : Well, not from
midnight, but from when the extended hours
begin and end. I can get it to work
correctly, but then I have to give up my
after market hours data.
[12:29 pm] joeytsa : the 315 puts approx
$13
[12:29 pm] mikewd2 -: shorted CMG, let’s see
how she goes only 100 shares
[12:29 pm] shark : better to trade off the
open
[12:29 pm] shark : could not find any trade
that makes sense.
[12:29 pm] sonorant : There is supposedly a
way to fix it with adding a second
“invisible” chart that uses a different time
series, but I am having some undesirable side
effects.
[12:30 pm] garyb : You will dump TZA
Mike?
[12:30 pm] mhaus : open should show market
open not midnight price
[12:30 pm] mhaus : Sonorant, your close
should show yesterday’s close and the open
will show today’s open price.
[12:30 pm] mikewd2 -: hopefully dump after
hours
[12:30 pm] mikewd2 -: no CMG short
[12:30 pm] shark : CMG volatility to 125%
OCT vs 47% normal
[12:30 pm] shark : why not mike?
[12:31 pm] joeytsa : i think this move on
CMG is profit taking
[12:31 pm] mikewd2 -: i think it has more
upside, TZA that is
[12:32 pm] boomboom : Joey…profit taking
bcuz insiders know it’s gonna dump? out in
general?
[12:34 pm] joeytsa : if i had to guess, i
would say it was off of that $30 run the past
2 weeks
[12:34 pm] mhaus : I see what you are
saying.
[12:34 pm] mhaus : Sonorant, can you forward
me the video from NT?
[12:35 pm] joeytsa : i think a few of the
darlings will get bit…mentioned PCLN a few
times
[12:35 pm] joeytsa : up $30 in 6-7 days,
down almost $15 the past 3
[12:35 pm] mikewd2 -: i’m hoping CMG is the
next of the over priced stocks to start
falling.
[12:35 pm] shark : good long term growth
story, mike.
[12:36 pm] joeytsa : not if people don’t
have jobs/money
[12:36 pm] mikewd2 -: my thoughts, over
priced food
[12:36 pm] mikewd2 -: saturation at some
point
[12:36 pm] mikewd2 -: so was NFLX i think
[12:36 pm] ronfrac : MHAUS: Are you using
NINJA Charts?
[12:36 pm] shark : CEO sees 3000 store as
“realistic” they have 1200 presently
[12:36 pm] shark : long term fast casual
healthy in vogue
[12:36 pm] shark : they just added a new
possible “CHAIN” chinese theme restaurant
that could take off
[12:36 pm] sonorant : mhaus — right, it is
a problem if you want to include your
extended market hours. I will forward the
video once we solve the problem.
[12:37 pm] joeytsa : true, but they don’t
have to eat there
[12:37 pm] rusty : ORS radar…. not for
daytrade…very small float
[12:37 pm] shark : people still have to eat,
joeytsa
[12:38 pm] joeytsa : i think PCLN is cool
too, but their chart looks shaky at best
[12:38 pm] rusty : ORS radar…NOT for
daytrade…very thin
[12:38 pm] shark : 2x growth of 25% =
PE50
[12:39 pm] shark : look at BWLD today
guys!
[12:39 pm] shark : restaurant sector is in
top 10% of market performance
[12:40 pm] joeytsa : 20/50ma meeting around
310, 200ma at 280
[12:40 pm] joeytsa : CMG is at least still
in a longer term uptrend
[12:40 pm] rusty : BWLD peak volume
[12:40 pm] rusty : day
[12:40 pm] shark : agreed joey
[12:40 pm] shark : BWLD still near hod
[12:40 pm] shark : short term, it broke
below 50day today
[12:41 pm] joeytsa : even if they drop, if
they hold the 290/280 level that would set up
a long swing for me
[12:41 pm] joeytsa : on a lower high off
that last drop
[12:41 pm] mikewd2 -: looks weak on daily and
15 min to me
[12:42 pm] joeytsa : if the market doesn’t
collapse
[12:42 pm] joeytsa : right mike, that would
be a profit target on a short for you?
[12:42 pm] mikewd2 -: $5 bucks
[12:42 pm] mikewd2 -: i won’t be in the short
at that point joey
[12:42 pm] shark : might do like GOOG – pop,
then pull back
[12:43 pm] joeytsa : b4 any hold, i check
for company events
[12:43 pm] joeytsa : i just want to play the
trend with no surprises
[12:43 pm] joeytsa : nice job shark
[12:43 pm] joeytsa : that’s why i don’t hold
thru announcements…
[12:43 pm] mikewd2 -: right that happens a
lot shark
[12:43 pm] shark : agreed joey
[12:43 pm] shark : I just closed out my
short 270 put for 50% profit
[12:43 pm] shark : or drop, then rally bit
back like AAPL
[12:43 pm] shark : totally agreed
[12:44 pm] joeytsa : haha
[12:44 pm] mikewd2 -: like this nice jump
here in CMG, means a fall coming
[12:44 pm] mikewd2 -: that’s the smart money,
i have some dumb money i need to use up
[12:44 pm] rusty : AMR alert
[12:44 pm] shark : earnings is almost like
50/50 gamble in this market environment
[12:44 pm] shark : hahaha 🙂
[12:44 pm] shark : risk capital mike?
[12:45 pm] joeytsa : yeah, i agree
shark..earnings used to be easy
[12:45 pm] mhaus : Yes Ron. I use Ninja
Charts.
[12:45 pm] shark : totally very few “tells”
these days in the market on earnings
reports
[12:46 pm] joeytsa : funny we are talking
about CMG today…
[12:46 pm] joeytsa : my best earnings play
was on CMGI a dozen years ago
[12:46 pm] mhaus : My replies may be a
little slow as I am on cellular data
connection.
[12:47 pm] garyb : did you have a lot of
shares?
[12:47 pm] garyb : wow joey…awesome
[12:47 pm] joeytsa : had a $150 run in 4
days..just nuts
[12:47 pm] joeytsa : i wish haha
[12:47 pm] joeytsa : some internet
company..never even looked to see what they
did
[12:47 pm] rusty : CMGI a blast from the
past
[12:47 pm] rusty : CMGI used to move 50-100
points some days
[12:47 pm] shark : cmgi?
[12:47 pm] shark : not enough time to do
research in those days.
[12:47 pm] shark : oh, starting to ring some
bells
[12:47 pm] shark : WHOA!
[12:48 pm] candelas : bought for .85 per
contract and sold for 16
[12:48 pm] candelas : mine was options play
on etrade back in 98
[12:48 pm] candelas : right b4 christmas
[12:48 pm] mikewd2 -: my best trade was SSTI
in late 90’s, 3 to 118
[12:48 pm] shark : massive spread too?
[12:49 pm] candelas : msft was the play back
then as well
[12:49 pm] garyb : I often think of apple in
2004 when it was 10 bucks! Man!
[12:49 pm] garyb : In just 7 years would
have paid millions
[12:49 pm] mikewd2 -: and it went back to
about 7 from 118, wish i shorted back then
[12:49 pm] mikewd2 -: bought a ranch with
that money.
[12:49 pm] shark : GREAT! AWESOME!!!!
[12:49 pm] shark : MSFT was the “stock of
the decade”
[12:49 pm] shark : WHOA, nice mike!
[12:50 pm] joeytsa : same with QCOM,JDSU
[12:50 pm] mikewd2 -: and they were down the
street from me in Austin
[12:50 pm] mikewd2 -: had DELL in kid’s
college fund, way back when, made 15% and
dumped it – stupid stupid stupid.
[12:50 pm] sonorant : sometimes I think that
the “lucky” plays ruin us for the plain
everyday hum drum of ordinary trades….
[12:51 pm] candelas : orcl was another nice
move, it broke out went until 2001
[12:51 pm] garyb : I know Mike…..I would
have probably dumped apple at 20 if I bought
at 10…….sometimes we over analyze
[12:51 pm] joeytsa : SDLI was another bread
& butter stock in my flock
[12:51 pm] rusty : MLNK is the former
CMGI…take a look at a multi-year chart,
lol
[12:52 pm] candelas : yhoo was a mover also
back then
[12:52 pm] garyb : Then again…I bought
this stupid stock back in 2007…bought in at
$1.5…..today it’s 7 cents and I am still
holding it, nobody wants the crap! Great
restaurant too
[12:52 pm] joeytsa : none of those internet
companies and anything close to earnings
haha
[12:52 pm] joeytsa : that’s nuts
[12:52 pm] joeytsa : that’s where i learned
my gap strategy…from a market maker
[12:52 pm] mikewd2 -: always looked at the
profits! bad boy.
[12:52 pm] rusty : Gap ups in CMG were
sometimes 50 points
[12:52 pm] rusty : lol
[12:52 pm] rusty : was almost 2000 split
adjusted, now 4
[12:52 pm] shark : 20-30 is common CMG after
earnings
[12:52 pm] shark : MLNK time to close out
that short position from 2000
[12:52 pm] shark : Oh cool, rusty!
[12:53 pm] joeytsa : memory lane
[12:53 pm] mikewd2 -: i owned some of those
also, wonder where those certificates are?
[12:53 pm] shark : which one gary?
[12:54 pm] candelas : just think if we had
3/4 of discipline we have now back then
[12:54 pm] garyb : Spicey Pickle! Great
sandwiches…horrible stock! I’ll sell you
some shark at 1.70! lol
[12:54 pm] joeytsa :.just lost over 50%
[12:54 pm] garyb : SPKL…sorry I
lied…..they are at 3 cents! lol
[12:55 pm] garyb : always a big RED mark on
my portfolio
[12:55 pm] garyb : more than that
shark….from 1.50 to 3 cents
[12:55 pm] joeytsa : i had global
communications in my portfolio…
[12:55 pm] joeytsa : thanks for the laugh
[12:55 pm] joeytsa : thought they would
connect the world with their undersea
lines
[12:55 pm |
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