[06:27 am] Kris : good morning traders
[06:30 am] Kris : AKAM long half
[06:30 am] Kris : WSH long half
[06:31 am] Kris : TPX long half
[06:32 am] Kris : OXY long half
[06:32 am] Mitch K: watching for top to short
in ERTS
[06:32 am] Mitch K: watching for top to short
in TPX
[06:33 am] Mitch K: TIF turned over, want
74.50 for short
[06:34 am] Kris : MON long half
[06:34 am] Kris : TSLA long half
[06:37 am] Kris : GILD long half
[06:39 am] Mitch K: looking for short on top
of this rebound with GMCR
[06:40 am] Kris : out half OXY long
[06:40 am] Kris : TPX long second half
[06:40 am] Mitch K: watching SGEN for top to
short, should take longer; don’t short until
you see it turn down first
[06:41 am] Kris : watch SPY at 120.00
resistance level coming up
[06:42 am] Kris : will watch ILMN for a
pullback to take long
[06:45 am] Kris : GRPN long small position
[06:45 am] Kris : will watch NTAP for a
pullback or consolidation near the highs to
look for a long
[06:46 am] Kris : out another 1/4 OXY long
[06:46 am] Mitch K: consider reducing ERTS
short
[06:49 am] Brent : watching CRM for a
bounce
[06:49 am] Mitch K: consider covering TPX
short
[06:57 am] Brent : Consider reducing CRM
soon
[06:58 am] Kris : out half TSLA long
[06:58 am] Mitch K: if anyone went short TIF,
consider covering
[06:58 am] Mitch K: watch DKS for 2nd helping
short, missed first. looking for 39.25 area
first before shorting
[06:59 am] Brent : next target on CRM is
$111.90 area.
[07:00 am] Kris : out half MON long
[07:01 am] Mitch K: consider covering SGEN,
or at least most of it
[07:01 am] Mitch K: watching SINA for long
soon
[07:05 am] Kris : ILMN long half
[07:05 am] Kris : watching GOLD for a long,
increasing price and volume.
[07:06 am] Mitch K: no buy signal in SINA
yet
[07:06 am] Mitch K: should turn up
[07:09 am] Kris : SPY holding up so far
[07:09 am] Mitch K: consider reducing SINA
long
[07:11 am] Mitch K: try to get around 62 for
long position to sell
[07:12 am] Kris : SPY testing 120.00
[07:13 am] Brent : consider reducing more CRM
here
[07:13 am] Mitch K: watching ERTS for 2nd
helping short
[07:14 am] Brent : next target hod area on
CRM,
[07:14 am] Kris : out half AKAM long
[07:16 am] Mitch K: FMCN drop could be the
air letting out of dead cat bounce…. Muddy
Waters words strike fear, like Jaws did in
the 80’s
[07:20 am] Mitch K: new low in SINA
[07:21 am] Kris : out all TSLA long
[07:26 am] Mitch K: not trying to buy SINA
again,
[07:27 am] Mitch K: i like the chart pattern
though, just not the reason why it’s
dropping
[07:27 am] Mitch K: watching FMCN but very
cautious, another Muddy Waters casualty.
[07:35 am] Mitch K: if anyone went long on
FMCN, consider reducing 1/3rd here 16.38
area
[07:38 am] Mitch K: if anyone went long FMCN,
consider closing long
[07:41 am] Brent : TX alert
[07:42 am] Mitch K: TX should bounce
[07:43 am] Mitch K: i see TX as a 2 part
bounce, the initial one gets a quick spike
and a pullback, then another attempt to
higher price
[07:46 am] Mitch K: looking for slow motion
bounce in GS
[07:53 am] Brent : PSLV alert
[08:18 am] Mitch K: and SINA
[08:18 am] Mitch K: remember there will be
multiple trades on these high volatility
stocks like FMCN
[08:45 am] Mitch K: KSS has been another good
trading stock today. never alerted you
though
[08:47 am] Mitch K: here is the FMCN chart I
wanted to talk about. Same pattern I like
for long setups on any time interval
[08:47 am] Mitch K: this is 3 min, but let me
change to 2 and 1
[08:49 am] Mitch K: it’s a pattern that tells
us that seller exhaustion is starting to
develop
[08:49 am] Mitch K: same pattern if you
change it to 1 min, last chart was 2 min
[08:50 am] Mitch K: let me switch to 3 min
[08:51 am] Mitch K: it really becomes the
selling is reducing and buyers increase
[08:51 am] Mitch K: the bottom candle has a
lot of volatility as the balance of power
shifts from sellers to buyers
[08:53 am] Mitch K: i even like the
expressions on their faces. Fear on the left
side and satisfaction on face of elephant
[08:53 am] Mitch K: word picture of what is
going on with this chart pattern. teeter
totter
[08:56 am] Mitch K: not that parabolic
increasing volume
[08:56 am] Mitch K: TX did not have the same
pattern
[08:57 am] Mitch K: this one is SINA on 2
min
[09:02 am] Mitch K: this picture here in a
stock would result in a trending chart
pattern
[09:03 am] Mitch K: and the trending stock
chart pattern would look like this next
chart
[09:04 am] Mitch K: I’m referring to the
weight difference Rusty, not your identity
[09:43 am] Brent : very quiet, SPY is in
consolidation mode today
[09:53 am] Mitch K: watching LNKD
[10:07 am] Mitch K: LNKD is doing well for
down trending SPY
[10:14 am] Mitch K: you guys out of LNKD
long?
[11:14 am] Brent : good eyes, eyes
[11:14 am] Brent : ONXX alert
[11:21 am] Brent : $43 then $42 areas next
targets on ONXX
[11:21 am] Brent : Consider reducing some
ONXX soon if short
[11:22 am] Mitch K: Onyx exploring strategic
options, including possible sale, Bloomberg
reports
[11:22 am] Mitch K: that’s about it for a
short
[11:38 am] Mitch K: this chart pattern and
news with ONXX could easily resurge back up
later toward end of day
[11:38 am] Mitch K: with some gradual
pullback first though
[12:01 pm] Mitch K: maybe 43.60
[12:01 pm] Mitch K: probably get a rebound in
ONXX
[12:06 pm] Brent : SPY new lod[12:59 pm]
Mitch K: strong end of day run
[01:00 pm] Brent : have a great night, see
you all in the morning
[01:00 pm] Mitch K: later guys
|
[05:55 am] doji : GS doing fine
[05:56 am] mikewd2 -: been buying a lot of
TNA
[05:56 am] joeytsa : as long as people
perceive the “news” as being up, long swings
should be ok
[06:03 am] joeytsa : tons of gap up
stocks…take your pick 🙂
[06:03 am] mikewd2 -: so joey, will you
playing them short?
[06:03 am] joeytsa : think i will be very
careful today with that…
[06:04 am] joeytsa : looks like there might
be a surge up on the open…but most should
have a bit of a pullback within the 1st 60
minutes
[06:05 am] joeytsa : gap down ; GOLD,GEF
[06:06 am] joeytsa : the ES opened up around
17pts last night
[06:06 am] joeytsa : new home sales @ 7am
pst[06:08 am] doji : I’ll wait before I open
any position; after the selloff last week,
technically the market should rally today and
move up for the next 2-3 days
[06:08 am] doji : unless obviously there are
very bad news coming from EU
[06:09 am] mikewd2 -: ICAHN back buying
companies, commercial metals at 15 per
share
[06:09 am] joeytsa : MS cuts 2012 global
growth forecast
[06:15 am] doji : Hey Joey have a look at
TEF, hit 52-week low on Friday and now 5.29%.
How would you play it?
[06:15 am] joeytsa : doji: is it gapping on
news?
[06:16 am] doji : nope, gapping up with the
market
[06:16 am] joeytsa : doji: honestly i don’t
look at % with gappers, only dollars…bigger
the better, i won’t play TEF
[06:17 am] mikewd2 -: the BATS seem to match
my etrade quotes except on slow volume
stocks
[06:18 am] joeytsa : doji: i will also be
watching stocks gapping up that had recent
bad news…
[06:19 am] joeytsa : they might come back
down ie NFLX,CRM,GMCR etc[06:19 am] derns
: GM Joey..what do you use to monitor for
gaps?
[06:19 am] joeytsa : just have to be a
little more cautious today..lots of euphoria
out there it seems
[06:20 am] joeytsa : cnbc ticker, nasdaq
site, rttnews.com ‘before the bell’ link
[06:21 am] doji : SINA reversing in
pre-market
[06:21 am] anthonyb : You can also find gaps
on TOS. just open the premarket movers tab
[06:21 am] joeytsa : plus on my schwab i
have a few stocks i follow every day, and
they all tend to gap each day
[06:22 am] joeytsa : i use finviz, canslim
each night for potential plays the next day
or possible swings
[06:23 am] lisas : Victor, I started with
Scott, used etrade a bit, then went to TS.
I’ve looked at others, but TS offers so much,
I would be hard pressed to switch for
equities. Love the TS matrix for orders.
[06:23 am] shark : check this out mike:
http://www.worden.com/products
[06:25 am] joeytsa : AMZN, AAPL should be
fun today 🙂
[06:27 am] shark : hey mike, did you see my
link for the product comparison?
[06:27 am] mikewd2 -: haven’t checked, thanks
shark
[06:29 am] ronfrac : BIDU may be on verge of
turning down
[06:31 am] shark : nice pop on LULU
[06:32 am] shark : GOOG moving up
[06:32 am] joeytsa : GOOG was upgraded
[06:32 am] doji : Watching C
[06:33 am] ronfrac : amed +.52 poss short
[06:33 am] joeytsa : GEF gave a nice pop off
of that gap down
[06:33 am] shark : CRM moving up
[06:34 am] ronfrac : tif[06:34 am] joeytsa
: watching it shark thanks
[06:34 am] shark : GOOG new lod[06:34 am]
shark : that was quick
[06:34 am] joeytsa : still up 16
[06:35 am] joeytsa : market acting weaker
than i expected
[06:35 am] shark : GOOG trying to hold open
area
[06:35 am] shark : like Cramer said: sell on
pop
[06:36 am] doji : out 1/2 Short C here
[06:38 am] doji : all out C short
[06:39 am] shark : CMG moving up nicely
[06:39 am] doji : RIMM weak
[06:41 am] joeytsa : NFLX looked a little
weak on that lower high
[06:41 am] doji : RIMM S here
[06:42 am] ronfrac : BIDU topping
[06:42 am] shark : NFLX looks interesting
for a short if it breaks lod, joey
[06:42 am] joeytsa : AAPL Ipad sales up
68%/hr compared to last year
[06:42 am] doji : C short here
[06:44 am] doji : Wow SPY at 3%.. looks like
the issues in EU doesn’t matter now
[06:44 am] joeytsa : SINA looks ugly
[06:45 am] doji : DMND S
[06:45 am] doji : 27.92
[06:47 am] doji : out 1/2 Short here
[06:47 am] doji : RIMM S out 1/2 here
[06:47 am] shark : NFLX s 68.15
[06:48 am] doji : C, DMND and RIMM dropping
nicely
[06:48 am] joeytsa : CF giving off nice
moves
[06:48 am] joeytsa : tighten stop on CRM if
you are short
[06:49 am] doji : CRM
[06:50 am] joeytsa : i was a touch late
entering the CRM s, but still took nice $$
[06:51 am] joeytsa : MON showing strength,
holding support
[06:51 am] doji : SPY reversing
[06:52 am] shark : NFLX covered
[06:52 am] joeytsa : NFLX needs to break
this multi-top on market surge
[06:53 am] joeytsa : if it can’t do it,
should set up a quick short
[06:53 am] shark : EVERY stock in SP500 up
today!
[06:53 am] shark : BARNEY FRANK leaving at
end of term
[06:53 am] doji : second 1/2 short DMND here
again
[06:53 am] joeytsa : good shark..remember
what i wrote last week?
[06:54 am] shark : Hmmm, can you repeat?
[06:54 am] lisas : new home sales about 5
minutes
[06:55 am] joeytsa : long-term trend down,
intermediate trend down…best thing that can
happen is an up move , look for it to hit res
head back down and unload both barrels 🙂
[06:55 am] shark : ok 🙂
[06:55 am] joeytsa : unless some dumb news
leak messes up my plan haha[06:56 am] doji :
PAY
[06:56 am] doji : SPY at resistance 120
[06:56 am] joeytsa : NFLX really having
problems breaking higher at this res
[06:57 am] joeytsa : GS just riding R2
[06:57 am] shark : yeah, joey. really
testing hod -NFLX
[06:58 am] joeytsa : tighten stop if short
SINA
[06:58 am] observer : thx, Doji, Brent Crm l
110.06 out 110.50
[06:58 am] apple : good job observer
[06:58 am] joeytsa : nice observer
[06:58 am] doji : C still dropping [06:59
am] pandozzi : got a stop crm 110.70 grabbed
a grand thx brent. feels good to be back FROM
VACA
[06:59 am] doji : riding it from
25.38….
[07:00 am] joeytsa : SINA just money
today
[07:00 am] doji : C has support at 25
[07:00 am] joeytsa : perfect gap close
[07:00 am] shark : Oct New home sales up
1.3%
[07:01 am] shark : vs est -.3%
[07:01 am] joeytsa : interesting..i thought
nobody had money
[07:01 am] joeytsa : or jobs
[07:01 am] shark : just the banks, joey
[07:01 am] joeytsa : NFLX finally broke
above
[07:02 am] shark : glad i covered
[07:02 am] joeytsa : i still don’t trust
NFLX though
[07:02 am] shark : me neither
[07:03 am] joeytsa : SINA, perfect bounce up
to the pivot and right back down
[07:03 am] khall : hey mike, our GS is up
today
[07:03 am] shark : yeah, good observation,
joey
[07:04 am] shark : R1 break up -NFLX
[07:04 am] joeytsa : i’ve been shorting each
time it pops…
[07:04 am] joeytsa : one trade will end up
losing but i can live with that
[07:04 am] mikewd2 -: yep big Khall[07:04 am]
shark : LULU using R3 as support
[07:04 am] joeytsa : good eyes shark..needs
to hold R1
[07:05 am] doji : SPY having problems to
break 120
[07:05 am] lightning : all out CRM, thanks
Brent!
[07:05 am] shark : you’re still missing that
one, right, joey?
[07:05 am] mikewd2 -: i only bought 10
contracts though
[07:05 am] joeytsa : R3?? never heard of
that haha[07:05 am] khall : 10 is good
though
[07:05 am] joeytsa : SINA $ $ $ $
[07:05 am] joeytsa : blasted thru S!,S2..
[07:06 am] rusty : PZZI thin but worth
watching again
[07:06 am] mikewd2 -: SINA dying, news?
[07:06 am] candelas : another muddy waters
report for SINA
[07:06 am] shark : SINA bounced off S3
[07:06 am] mikewd2 -: really
[07:06 am] joeytsa : watch if SINA hits S2
and back down
[07:07 am] rusty : SINA WSJ China says next
Muddy waters target
[07:07 am] shark : SINA: negative newsletter
chatter
[07:08 am] rusty : that WSJ Muddy Waters
SINA sounds a little suspect – be careful
[07:08 am] joeytsa : whatever time that SINA
news came out, might get a drop 15-20 minutes
later
[07:09 am] Mitch K: anyone long SINA? post
entry
[07:09 am] khall : not yet
[07:11 am] shark : NFLX new hod[07:11 am]
pandozzi : already covered sina made a grand
thx mitch[07:12 am] doji : SPY cannot break
120
[07:12 am] rusty : FMCN lod[07:13 am] rusty
: falling fast guess sympathy with SINA
[07:13 am] shark : CRM still strong
[07:13 am] joeytsa : CF has been fun
[07:15 am] joeytsa : shark: CRM needs to
hold this support and then bust above hod, if
it loses support and we get market weakness,
probably get min of $2 down
[07:15 am] chris1 : SINA 1.92% — thx
Mitch
[07:15 am] joeytsa : nice one chris[07:15
am] apple : good job chris[07:16 am] chris1
: sina 1.92% — thx Mitch
[07:17 am] joeytsa : SINA short again
[07:17 am] snowcat : fslr hod[07:18 am]
joeytsa : AMZN hod[07:18 am] observer : SLW
new hod, could grind higher
[07:18 am] scalpman : Mitch…in English,
please? Dead Cat Bounce?
[07:19 am] aussie123 : SINA…next muddy
waters target
[07:19 am] lisas : scalpman, how high does a
dead cat bounce?
[07:20 am] truck : AMZN,,,says sold 4 times
as many Kindles as last year,,Black Friday
[07:20 am] joeytsa : another $1 on SINA
[07:21 am] rusty : Careful on SINA and Muddy
W
[07:22 am] joeytsa : both GOOG,PCLN up
$22
[07:22 am] lightning : FMCN moving down
hard
[07:23 am] scalpman : Sorry I don’t know the
Muddy Waters metaphor…please translate!
[07:23 am] lightning : Muddy Waters is the
name of an analyst firm who focuses on shorts
for Chinese stocks
[07:24 am] lisas : Scalpman, they write
about stocks negatively usually
[07:24 am] scalpman : thanks
[07:24 am] joeytsa : NFLX might try to come
back to earth
[07:24 am] rusty : Rep. Barney Frank to
retire closing long career
[07:25 am] apple : fmcn still dripping
[07:25 am] doji : Is anyone short in
FMCN?
[07:26 am] joeytsa : doji, I’m only playing
SINA at the moment
[07:26 am] lightning : no, but FMCN just
lost a support level
[07:26 am] joeytsa : they have no support
level hah
[07:27 am] joeytsa : another $1 from SINA
[07:27 am] lightning : joey, you could be
right. It’s only 15 points to zero for
FMCN
[07:27 am] candelas : out 1/2 59.43
sina[07:27 am] doji : DMND approaching
hod[07:27 am] rusty : FMCN alert
[07:27 am] joeytsa : then 0 is the support
level haha[07:27 am] candelas : stop rest
b/e[07:28 am] scalpman : All out SINA S
[07:28 am] apple : right
[07:28 am] doji : Last time FMCN dropped
60%
[07:28 am] candelas : out another 1/4 sina
short 57.81
[07:28 am] rusty : SOHU alert as well
[07:28 am] apple : rusty, why is FMCN
dropping?
[07:28 am] electrader : s FMCN small piece
at 16.31
[07:28 am] ronfrac : AMED dropping
[07:28 am] joeytsa : nice candelas
[07:28 am] joeytsa : i got my foot on its
throat
[07:28 am] doji : DMND new hod[07:29 am]
candelas : the best way
[07:29 am] rusty : FMCN = recent Muddy
Waters piece
[07:29 am] doji : dmnd[07:29 am] apple :
thx joey, i knew you had it covered
[07:29 am] apple : rusty, again?
[07:29 am] rusty : + all this SINA chatter
today
[07:29 am] joeytsa : SINA: had that 20
minute lag between 1st big drop to the 2nd
[07:29 am] candelas : out last 1/4 Sina
short 56.84
[07:29 am] apple : great candelas
[07:29 am] electrader : stopped FMCN short @
15.21
[07:30 am] lightning : way to go on the SINA
short.
[07:30 am] truck : good Candelas!
[07:31 am] joeytsa : those are the plays you
unload on
[07:31 am] joeytsa : playing SINA was like
the end of Walking Dead last night
[07:31 am] joeytsa : GOLD weak
[07:34 am] rusty : DMND hod[07:34 am] Mitch
K: what is issue with DMND rusty?
[07:35 am] rusty : accounting issues
[07:35 am] rusty : waiting for audit
committee report
[07:35 am] rusty : + Pringles acquisition
[07:35 am] doji : Hey Rusty, where do you
get your news from?
[07:35 am] derns : Rusty..I read somewhere
that DMND is extremely shorted…like over
50% of float, if that is possible
[07:36 am] doji : FMCN reversing
[07:36 am] rusty : WSJ + Muddy Waters
Chatter wasn’t true
[07:36 am] rusty : as expected
[07:36 am] rusty : all wall street rumor
stuff
[07:36 am] apple : spy hod[07:37 am] rusty
: re SINA
[07:37 am] apple : controlling…
[07:37 am] lightning : GS filling the gap
[07:38 am] candelas : great call on
fmcn[07:39 am] rusty : yes DMND has high
short interest
[07:39 am] rusty : but also had high long
interest when it was 90
[07:39 am] rusty : lol[07:39 am] joeytsa :
yeah lightning..hoping GS gets to 95-100,
then pound it down to 60
[07:40 am] Mitch K: remind me to review FMCN
chart later
[07:41 am] lightning : TX dropping
[07:42 am] joeytsa : that 50ma has been hard
for them to overcome
[07:42 am] joeytsa : on GS
[07:43 am] joeytsa : thanks Mitch
[07:45 am] joeytsa : SINA nice recovery off
the lod..running into some res though
[07:48 am] apple : was just noticing the
same
[07:49 am] pandozzi : long 18.70 tx[07:49
am] joeytsa : unless some more news, the
easy money has been made on SINA
[07:50 am] doji : C to lose 25
[07:51 am] joeytsa : good eyes doji..more
money to be made on GS though
[07:51 am] doji : TX new lod[07:51 am]
mikewd2 -: stopped on TX
[07:51 am] joeytsa : the ES trending down
[07:51 am] doji : SPY lost 120 also
[07:52 am] doji : Watching SINA for S
[07:52 am] joeytsa : trailing GS
[07:53 am] mikewd2 -: Decline in SINA
attributed to misreading of Chinese report,
BI says
[07:53 am] doji : Too faaaaaaaaast!
[07:53 am] mikewd2 -: not sure what that
means
[07:53 am] doji : Watching TX
[07:53 am] apple : it was in chinese…
[07:54 am] joeytsa : out half GS s
[07:55 am] joeytsa : all out GS, break
time, stay alert 🙂
[08:01 am] mikewd2 -: SINA on the move up
[08:01 am] rusty : $SINA: There is NO report
forthcoming. MW has done zero work on SINA.
This is a response to WSJ article. – MUDDY
WATERS
[08:02 am] rusty : direct from Muddy’s
mouth
[08:02 am] candelas : too funny
[08:03 am] lightning : so Muddy Waters is
not singing the SINA blues
[08:04 am] doji : TX still bleeding
[08:04 am] apple : nice move on SINA
[08:04 am] mikewd2 -: go SINA, long from
60.66
[08:04 am] candelas : nice mike
[08:04 am] lightning : way to go Mike
[08:04 am] rusty : DPS radar
[08:05 am] rusty : DPS Nelson Peltz told to
be aggressively accumulating Dr Pepper
share
[08:07 am] apple : TX still losing it
[08:07 am] mikewd2 -: stopped on SINA
62.85
[08:07 am] candelas : did u short breaking
the low
[08:07 am] mikewd2 -: too tight
[08:09 am] rusty : RIMM lod[08:12 am] apple
: mike did you go S on SINA?
[08:13 am] doji : FSLR new hod[08:14 am]
mikewd2 -: General Motors says battery safety
“not just a Volt issue”
[08:15 am] khall : that’s not good
[08:15 am] mikewd2 -: i didn’t go short
apple, i went long at 60.66 stopped at
62.85
[08:15 am] joeytsa : the govt sure know how
to pick companies to invest in haha[08:16 am]
apple : i meant did you short now?
[08:16 am] mikewd2 -: sorry, no looking to go
long again very soon
[08:16 am] apple : ok
[08:17 am] joeytsa : SINA in a tricky zone
mike, just use caution
[08:17 am] joeytsa : need to hold this
support
[08:17 am] mikewd2 -: if the muddy waters
report was false, no report coming then
should be good bet
[08:17 am] doji : FMCN dropping again
[08:18 am] joeytsa : daily chart on a
downtrend
[08:18 am] khall : SINA is just the gift
that keeps on giving today
[08:18 am] doji : 50% retracement in FMCN
should be around 16
[08:18 am] joeytsa : yeah khall[08:19 am]
mikewd2 -: most stocks have been in a
downtrend joey later.
[08:19 am] mikewd2 -: lately
[08:19 am] joeytsa : yeah they have
[08:19 am] doji : TX still weak
[08:19 am] mikewd2 -: SINA L 61.2
[08:19 am] mikewd2 -: very tight stop
[08:21 am] joeytsa : should get a quick
profit
[08:22 am] doji : TX could drop to 15?
[08:23 am] joeytsa : shark, you still
here
[08:24 am] apple : NFLX hod[08:24 am]
joeytsa : thanks apple, nice looking
chart
[08:26 am] joeytsa : GS slowly bleeding, if
it loses R1( 90.90 area) might get a $1 to
the downside
[08:27 am] joeytsa : has support there and
indis bottoming
[08:30 am] doji : SPU resuming uptrend
[08:31 am] joeytsa : MCP nice spike
[08:34 am] joeytsa : AAPL hod and break of
res
[08:35 am] lightning : LNG dropping
[08:37 am] joeytsa : eye on SINA again
[08:37 am] doji : Anyone L in SINA on this
rebound?
[08:37 am] joeytsa : not me
[08:37 am] doji : SPY is not helping SINA
rebound
[08:38 am] doji : TX
[08:38 am] apple : yes L 60.58
[08:39 am] doji : Nice chart SINA on
2-min
[08:41 am] doji : Double top in FMCN
[08:44 am] mikewd2 -: need SINA to bust thru
61
[08:44 am] apple : DMND hod[08:46 am] apple
: MCP moving
[08:47 am] doji : MCP resistance at 30.5
[08:47 am] apple : beautiful pattern
[08:47 am] joeytsa : SINA just a beauty
[08:48 am] joeytsa : great reminder on that
volume increase on the bottom !!!
[08:49 am] joeytsa : 50cents on SINA…will
grab more later
[08:50 am] apple : where the volume meets
the price action…
[08:50 am] doji : MCP showing same pattern
but on the short side
[08:52 am] apple : NKE uptrend all day
[08:53 am] monster : mitch, what is your
thought on SINA now
[08:53 am] doji : Hope MCP kisses volume
[08:53 am] doji : S at 30.17
[08:54 am] rusty : are you saying we are
like elephants or winnie the pooh?
[08:55 am] scalpman : Mitch can you compare
FMCN to TX which had similarly increasing
volume during the drop, but continued
dropping….?
[08:56 am] apple : right, increasing almost
as much as the decreasing, coming to a point
when it turns up
[08:56 am] scalpman : I see…thanks
[08:59 am] doji : GS Joey
[08:59 am] apple : NFLX hod still moving on
up
[08:59 am] doji : SINA to lose 59
[09:00 am] rusty : SOHU worth watching
[09:00 am] rusty : as well
[09:00 am] rusty : if SOHU is not a fraud
its getting interesting for a swing
[09:01 am] rusty : on a valuation basis
[09:02 am] candelas : nice visuals
[09:02 am] storage : Mitch on the top on
SINA at at 8.04 on the 2min we had the
reverse?
[09:02 am] doji : Yeap!
[09:05 am] apple : big guy vs. a bunch of
little ones
[09:13 am] doji : Small short in NFLX
here
[09:13 am] doji : tight stop
[09:17 am] joeytsa : ONXX little spike
[09:27 am] doji : If NFLX doesn’t drop in
the next minutes, I’ll close my short
here
[09:31 am] joeytsa : tighten stop on ONXX if
in
[09:37 am] rusty : TLT hod[09:40 am] doji :
NFLX needs to break 70, just moving my stop
at b/e; it’s all or nothing
[09:40 am] joeytsa : if it does doji, you
get a nice drop from there
[09:41 am] doji : That is why I went
short…
[09:41 am] apple : i love trader joe’s[09:42
am] joeytsa : trader joe’s rocks
[09:42 am] mikewd2 -: discussing SINA muddy
waters on CNBC
[09:42 am] apple : i just had the latin
black bean soup w/roasted corn – featured
yest. – yum! with a little hot sauce
[09:43 am] doji : NFLX broke 70
[09:43 am] joeytsa : yeah Brent..holding
this area
[09:43 am] khall : wow
[09:44 am] doji : out 1/2 NFLX
[09:44 am] doji : trailing second 1/2
[09:44 am] apple : good one
[09:44 am] joeytsa : doji: some support
around 68
[09:44 am] derns : Brent…can you explain
that further? Isn’t the market in a general
downward trend?
[09:45 am] doji : Yes Joey at VWAP
[09:45 am] joeytsa : Brent: the conspiracy
theorist in me wonders if big money is
holding these levels to unload positions
[09:45 am] joeytsa : any thoughts
[09:45 am] apple : V trending up all day
[09:45 am] joeytsa : i don’t have 68 as the
pivot
[09:46 am] derns : Joey..are you referring
to the general market or NFLX with that
conspiracy theory comment?
[09:46 am] joeytsa : general market
derns…sorry i wasn’t clear on that
[09:47 am] derns : Thx Joey…I tell
you…it makes sense to me and is consistent
with my sense of what is going on.
[09:47 am] joeytsa : unfortunately we are
just 1 news leak from a big move either
way
[09:48 am] joeytsa : whether that news leak
is true or not..doesn’t matter, it’s all
about perception
[09:49 am] derns : agree…my fault is my
tendency to believe we are due for bad
news
[09:49 am] joeytsa : AEM a bleeder all
day
[09:50 am] joeytsa : LNKD diving
[09:51 am] joeytsa : just have to look at
the markets both ways and have a plan for
each outcome
[09:51 am] doji : Come on NFLX, give
69…
[09:51 am] apple : just remember derns,
opptys are everywhere, it’s a day-by-day
thing – I am always optimistic!!!!
[09:52 am] doji : LNKD all time low
[09:52 am] derns : Good reminder..thx[09:52
am] apple : go with the flow…
[09:53 am] rusty : LNKD – LinkedIn Would Be
Fairly Valued At $43 – Forbes
[09:53 am] derns : another good
reminder…easier to go with the current than
swim up stream
[09:53 am] rusty : now Forbes tells us
[09:53 am] apple : yes, go with the flow of
things, in everything…
[09:53 am] joeytsa : true derns[09:53 am]
doji : Brent, how can we know the next
support in LKND aprt of using pivot
points?
[09:54 am] doji : so 43 is the next
support…
[09:54 am] chinhngo : LONG LNKD ?
[09:54 am] rusty : at 100 LNKD was worth
130…at 60 worth 40 feeling like I am on a
see saw
[09:54 am] Brent : off the daily chart
Doji[09:55 am] apple : see, that picture
says a thousand words…
[09:55 am] candelas : look back at
6/20/11
[09:55 am] doji : I am on the daily chart,
that was the previous low
[09:55 am] doji : 60.14
[09:55 am] joeytsa : doji: the only support
on LNKD might be the bb, but that’s weak
[09:56 am] doji : if it loses 60.14 than it
would be a free fall stock…
[09:56 am] doji : will wait
[09:59 am] doji : out 1/4 short NFLX
[10:00 am] joeytsa : nice trading doji
!!!
[10:01 am] doji : all out!
[10:02 am] monster : so are you going long
now Doji[10:02 am] doji : Nope
[10:02 am] derns : TZA has been quietly
moving back up after a huge drop this
morning
[10:03 am] joeytsa : GS holding R1 at the
moment, if it breaks there might be $1
downside esp on market weakness
[10:04 am] joeytsa : that level seems
important for now
[10:07 am] candelas : selling 1/2 lnkd
61.61
[10:07 am] doji : Good job Candy
[10:07 am] candelas : stop rest b/e 60.89
[10:10 am] candelas : out 1/4 61.81
[10:10 am] candelas : holding last 1/4
[10:10 am] doji : watching GS
[10:11 am] derns : doji…are you watching
GS for a short?
[10:11 am] eyes : S ILMN 28.25 out 3/4 27
.96 out last 1/4 27.09
[10:12 am] joeytsa : way to go !!!
[10:12 am] derns : nice eyes
[10:12 am] derns : Eyes..I wasn’t flirting,
just commenting on your trade
[10:12 am] eyes : ty[10:12 am] apple : very
good eyes
[10:13 am] victor51 : out ILMN short
[10:14 am] khall : yes
[10:14 am] khall : it was a nice, quick
little trade
[10:14 am] Brent : nice eyes
[10:16 am] rusty : CNBC “How does one
protect the profits they have in this market
now”
[10:16 am] rusty : rofllllll[10:16 am] rusty
: up 300 suddenly everyone has profits
[10:16 am] rusty : CIGX radar
[10:16 am] doji : AIV
[10:17 am] doji : just watching
[10:17 am] joeytsa : that’s the game
rusty
[10:17 am] doji : has support at 20.08
[10:17 am] electrader : l LNKD 61.05 out 1/2
– 61.66 stopped remainder 61.41
[10:18 am] candelas : i still have 1/4 left
but will let market stop me out on it, I’m
waaay ahead on trade
[10:19 am] joeytsa : that’s how you do it
[10:19 am] candelas : speaking of lnkd[10:19
am] candelas : I’m doing it the Brentmeister
way
[10:20 am] joeytsa : makes sense
[10:20 am] rusty : CIGX = insider buy
[10:21 am] joeytsa : former sec of labor
Reich says unemployment will most likely
remain high for the next 10 yrs[10:21 am]
khall : well, that’s uplifting news…
[10:22 am] doji : lol[10:22 am] joeytsa :
at current rate, 14M Americans will remain
permanently unemployed
[10:22 am] khall : Apple – are you watching
V?
[10:22 am] khall : It just keeps marching
up
[10:23 am] apple : yes, but i am not in it
— unfortunately….
[10:23 am] khall : 🙁
[10:23 am] mikewd2 -: makes sense khall, all
the stuff bought this weekend. However, issue
will the people be able to pay the credit
card bill.
[10:23 am] joeytsa : late jan into feb will
be interesting when all of these V/MA
purchases need to be paid
[10:23 am] joeytsa : same page mike
[10:23 am] mikewd2 -: yep
[10:24 am] candelas : all out lnkd[10:24 am]
khall : exactly
[10:25 am] joeytsa : same with Black
Friday..higher sales are great, but when
prices are 80% lower, they probably aren’t
making the profits they should be
[10:26 am] apple : makes sense
[10:27 am] victor51 : Mitch, interesting
LNKD 1 min. and 3 min. ..very different
signals. Is it normal
[10:28 am] victor51 : I have B/E stop for
LNKD
[10:28 am] apple : doji – you have some
effect – NFLX still heading south…
[10:38 am] khall : Thanks guys for the great
company and trading. I’m out for the day –
see you tomorrow!
[10:40 am] rusty : SOHU near lod[10:47 am]
bopphaley : SOHU near loy[10:47 am] victor51
: Mitch/Brent, you use Stoch 10 (8) 7. Is
it same as 10 8 7 or not? * with parentheses
is -ve or not?. Please clarify for me.
Thanks.
[10:48 am] rusty : SOHU has 21 in cash, this
year’s estimate 4.62 next year 5.60
[10:49 am] Brent : yes, it is 10,8,7
victor
[10:49 am] doji : 7 is the smoothing
[10:50 am] victor51 : Thanks guys
[10:50 am] rusty : so growing at 20 trading
at 10 PE on quick look…. keeping on swing
list
[10:50 am] Brent : %K is 10, %K smooth is 8,
%D is 7
[10:50 am] mikewd2 -: i thought 8 was the
smoothing???
[10:50 am] mikewd2 -: thanks Brent
[10:51 am] doji : I thought 7 was the
smoothing
[10:53 am] apple : doji you really put the
hex on NFLX
[10:53 am] doji : hahaha[10:54 am] pixel :
In Ninja I set as PeriodD=10, PeriodK=8,
Smooth=7, is it wrong? I’m new here and I set
as i see on your chart.
[10:55 am] mikewd2 -: yes PeriodK=10,
Smooth=8, PeriodD=7
[10:55 am] mikewd2 -: per Brent
[10:55 am] pixel : Thanks Mikewd2
[10:58 am] apple : SINA consolidation –
breaking down…
[11:04 am] doji : NFLX moving
[11:11 am] apple : nice little move up so
far
[11:14 am] doji : Middle point between L or
S
[11:14 am] saral : onxx[11:14 am] joeytsa :
ONXX?
[11:14 am] candelas : ONXX
[11:14 am] doji : MCP new hod[11:14 am]
apple : wow
[11:16 am] doji : ONXX weights potential
sales as it explores strategic options
[11:18 am] doji : 46 was previous resistance
in ONXX
[11:18 am] apple : thx doji[11:20 am] doji
: ONXX wonderful!
[11:20 am] doji : Thanks Joey, Candelas and
Brent
[11:21 am] joeytsa : ONXX nice,AAPL
hod[11:21 am] doji : out first 1/2
[11:21 am] derns : great call on
ONXX…short on simulation at 45.30…cover
at 43.75
[11:21 am] doji : trailing 2nd 1/2
[11:22 am] doji : at vWAP at 43 next
target
[11:22 am] doji : That was a 5% profit….
in 4 minutes
[11:23 am] doji : all out
[11:23 am] apple : trade of the day
[11:23 am] rusty : TLT near hod[11:23 am]
rusty : something wrong with this picture
[11:23 am] joeytsa : saral listed ONXX a
second b4 me…good job saral[11:25 am] apple
: AAPL still moving on up
[11:26 am] joeytsa : Obama says US ready to
help Europe on its debt haha[11:26 am] apple
: lol[11:26 am] rusty : $ONXX Just a word of
warning: One of Bberg reporters on this “for
sale” story has a track record of bad M&A
reporting. Harsh, but trueFeuerstein[11:26
am] rusty : fwiw[11:27 am] joeytsa : but
Obama also thinks that Hawaii ( the 57th
state), is part of Asia
[11:28 am] derns : I think OBama was born in
Hawaii..not sure, tho[11:28 am] joeytsa : he
made a blunder a couple of yrs back saying
that he was going to visit all 57 states
[11:30 am] rusty : Facebook apologizes to
Merck KGaA after the German firm lost control
of its Facebook page to rival U.S.-based
Merck (MRK +3.4%) in a high-profile case of
potential cybersquatting. The social
networking site blames an “administrative
error” for the problem, and will keep the
page unavailable until legal action pending
in New York on the case is resolved.
[11:30 am] apple : keep those courts and
lawyers busy…
[11:31 am] joeytsa : obama speaking now
[11:31 am] apple : there goes
everything….
[11:32 am] doji : DMND new hod[11:33 am]
joeytsa : IOC nice rebound off bottom
[11:33 am] apple : DMND spurt
[11:34 am] apple : now you tell me…
[11:34 am] joeytsa : sorry, saw it falling
but then switched over to AAPL
[11:36 am] apple : i have to keep an eye on
IOC, looked at it this morning and then
forgot about it…
[11:36 am] joeytsa : yeah, i do that all the
time
[11:36 am] doji : TX continues making
lows
[11:38 am] apple : thx MK
[11:38 am] rusty : Three Money Managers In
Connecticut Just Won The $254 Million
Powerball Jackpot
[11:38 am] rusty : Congrats 1%
[11:38 am] joeytsa : haha…they probably
used all of their assets to buy tickets
haha[11:38 am] rusty :
http://www.businessinsider.com/three-mutual-f
und-managers-in-connecticut-just-won-the-lott
ery-2011-11
[11:38 am] joeytsa : customer’s assets i
mean
[11:39 am] Mitch K: was it the pooled money
that purchased the tickets rusty? i mean the
funds that are playing the lottery where they
buy 70% of the potential winning
combinations
[11:39 am] apple : raised eyebrows…
[11:39 am] joeytsa : the CT in me things
there is more to this story
[11:40 am] rusty : OWS protestors not gonna
like this
[11:40 am] lisas : mf global sad though,
some people still have money missing
[11:40 am] doji : TX
[11:43 am] joeytsa : DECK not too bad
today
[11:44 am] pixel : Brent, in my Nija chart,
stochastics are shown as 7,10,8 which are
different from the on screen chart (10(8),7)
I’m uncomfortable with my settings.
[11:45 am] joeytsa : AMZN having a decent
day, but struggling to bust thru this res
[11:46 am] Brent : that’s how it will read on
Ninja Pixel. You have them correct
[11:46 am] pixel : Thank you Brent
[11:46 am] rusty : BAC lod[11:47 am] joeytsa
: pixel…anytime you think you have it
wrong, click on indicators and check your
stoch settings..they are listed on mine from
top to bottom as d,k,smooth[11:49 am] rusty
: BAC lod, TLT hod and market up
300…hmmm
[11:49 am] rusty : something not right
here
[11:49 am] joeytsa : on Lightspeed stochs
are listed as k,slowing.d[11:50 am] joeytsa
: rusty, you think something’s up
[11:50 am] joeytsa : market is falling
[11:50 am] doji : SPY lod[11:51 am] rusty :
yup all those things can’t be right
[11:51 am] rusty : something has to break
[11:51 am] joeytsa : yeah i agree
[11:52 am] rusty :
http://stockcharts.com/h-sc/ui?s=SPY:TLT&
amp;p=M&yr=10&mn=0&dy
=0&id=p73526310033
[11:53 am] doji : GS Joey
[11:54 am] lightning : LNKD new lows
[11:54 am] apple : light, just about to post
it
[11:56 am] doji : As stocks rally tech IPOs
slump… Market Watch
[11:57 am] lightning : great minds apple
[11:57 am] joeytsa : yeah doji, always keep
GS up
[11:57 am] apple : haha – GRPN lod[11:59 am]
doji : Did you the spike in GS Joey?
[11:59 am] joeytsa : GS just had a weird
spike
[11:59 am] doji : Yeah
[11:59 am] apple : saw it – SINA lod[11:59
am] doji : I thought it was only me
[11:59 am] rusty : Muddy Waters will be on
CNBC Street Signs
[12:00 pm] rusty : GS quick pop
[12:00 pm] doji : ONXX
[12:03 pm] apple : SPY moving up
[12:08 pm] doji : now moving down
[12:09 pm] joeytsa : AMZN fell since failing
at res
[12:09 pm] apple : LNKD lod[12:10 pm] truck
: APA ,,lod[12:11 pm] joeytsa : PCLN slowly
trending down
[12:13 pm] truck : FDX ,lod[12:14 pm]
joeytsa : the worrisome thing is that FDX
should be rolling this time of year you would
think
[12:15 pm] lightning : you are correct joey,
but the more that books are delivered
electronically via iPad, Kindle, etc., the
worse for FDX/UPS. But that has to be a
small % right now.
[12:15 pm] joeytsa : good point about the
electronic dl
[12:16 pm] joeytsa : same with music, but
everything else is truck delivered
[12:18 pm] derns : I have a question hoping
for some technical insight..can anyone offer
an opinion on a swing short I have in MDVN?
It doesn’t seem to be able to break 43 for a
close (I expect it won’t today)…does it
show a likelihood to retrace part of its huge
gap up 2 weeks ago?
[12:19 pm] eyes : lnkd[12:20 pm] eyes :
Good Night Everyone
[12:20 pm] joeytsa : derns: why did they gap
up?
[12:21 pm] derns : on 11/3
[12:21 pm] rusty : MDVN up on prostate
drug
[12:22 pm] joeytsa : AMZN in a tricky
area
[12:22 pm] derns : MDVN reported promising
results of a Phase III prostrate drug..will
meet with the FDA in early 2012…if
approved, likely late 2012 if at all, then
goes to market.
[12:22 pm] Brent : have a good night eyes
[12:22 pm] joeytsa : i have no idea
actually
[12:23 pm] derns : thx anyway…I will
continue to monitor
[12:23 pm] joeytsa : not playing AMZN until
it breaks above 194 or below 192 with
conviction
[12:23 pm] doji : Good night everyone, see
you tomorrow
[12:23 pm] joeytsa : sorry i couldn’t give
you a better answer
[12:23 pm] derns : no worries…you offer a
lot of answers that are extremely helpful
[12:24 pm] rusty : you shorting MDVN based
on technical or fundamental?
[12:24 pm] derns : Rusty…based on
fundamentals…I really thot they were way
too bullish on the expectations
[12:26 pm] rusty : might want to compare to
DNDN
[12:26 pm] derns : one would think it would
look at DNDN and adjust down, but it doesn’t
seem to want to do that
[12:27 pm] rusty : on that basis seems like
you might be right
[12:27 pm] rusty : MDVN has always been a
tough short
[12:27 pm] joeytsa : derns: what is your
timeframe on this trade
[12:27 pm] rusty : I shorted it into their
Alzheimers drug and got my head handed to me
before it eventually fell
[12:27 pm] derns : I am realizing that…I
am trying to discard the desire to be right
and go with making money…I have a thick
skull…slow to learn.
[12:28 pm] shark : joey: PNRA pocket pivot
today
[12:28 pm] joeytsa : where you been hah
[12:28 pm] derns : yes…it dropped a ton
when the Alzheimers drug failed
[12:29 pm] joeytsa : shark: i have S3
now…on freestockcharts.com 🙂
[12:29 pm] shark : AWESOME! Now you’re up
with the big boys again!
[12:29 pm] joeytsa : haha, still going to
sign up with esignal[12:29 pm] shark : yeah,
even better
[12:31 pm] joeytsa : CMG lod[12:34 pm]
joeytsa : doji: stilling watching GS fall
🙂
[12:38 pm] joeytsa : LNKD falling
[12:38 pm] shark : nice one, joey
[12:38 pm] lightning : LNKD at an all-time
low
[12:38 pm] shark : GRPN too
[12:41 pm] lightning : lol, I tried to catch
the GRPN bounce beginning at 15:21. Made $12
whole dollars
[12:41 pm] lightning : I guess $12 in my
pocket is better than a loss!
[12:41 pm] observer : any time, lightning
[12:41 pm] shark : agreed
[12:44 pm] shark : LinkedIn recent weakness
being attributed to Forbes article suggesting
fair value should be $43
[12:49 pm] joeytsa : GS coming down to its
pivot
[12:50 pm] joeytsa : calling it a day,
great calls today…see you all tomorrow
[12:50 pm] Brent : have a good night Joey
[12:58 pm] lisas : Thanks everyone, have a
good night!
[12:58 pm] apple : thx MK, K and B and
everyone for a great day — all have a fun
evening.
[12:58 pm] lightning : Thanks TSA and
everyone. See you tomorrow
[01:01 pm] pixel : Thank you all. Very
interesting day. Good learning here.
[01:01 pm] Mitch K: nice to hear Pixel
[01:02 pm] Brent : have a good night pixel,
welcome to the room
[01:03 pm] pixel : Thank you Brent for your
help
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