[06:20 am] Kris : good morning traders
[06:21 am] Brent : Good morning
[06:21 am] Kris : if it holds and breaks to
new high I’ll stay more balanced with my
trades both long and short.
[06:21 am] Kris : I’ll be keeping an eye on
this gap up in the SPY. If we fail into the
gap could be better trades to the short
side.
[06:21 am] Kris : Today I’m watching for
possible shorts in AGO, DMND, FIS, MT, BCS,
MTW, OVTI and JOSB
[06:22 am] Kris : possible long trades in
ARG, DG, EPD and CLF
[06:27 am] Kris : I’m gonna be patient on the
open today
[06:31 am] Kris : NFLX short half
[06:32 am] Kris : OVTI short half
[06:34 am] Kris : GMCR short half
[06:35 am] Mitch K: dish too late at this
price
[06:35 am] Mitch K: looking for quick short
on DISH
[06:36 am] Kris : out half NFLX short
[06:38 am] Kris : out another 1/4 NFLX
short
[06:39 am] Kris : watching SNDK for a
short
[06:40 am] Kris : out all NFLX short
[06:40 am] Kris : will watch for a weak
bounce in PANL to short into.
[06:41 am] Kris : LULU short half
[06:41 am] Kris : will also look for a weak
bounce in RIMM to short into.
[06:44 am] Kris : buyers still lingering, see
if we can test 124.00 on the SPY
[06:44 am] Mitch K: looking for short on top
of this GMCR bounce, waiting longer now that
it has made new high; be patient
[06:45 am] Kris : will look for a small
bounce in ONXX for a possible short
[06:46 am] Kris : DMND still looking weak so
far
[06:46 am] Mitch K: looking for short in
FFIV
[06:46 am] Mitch K: soon
[06:47 am] Kris : SINA short half
[06:48 am] Mitch K: watching SWN for top to
short on this rebound
[06:54 am] Mitch K: consider covering SWN
short
[06:54 am] Mitch K: GMCR too strong to
short
[06:55 am] Kris : watching SPXU for a long
[06:55 am] Mitch K: FFIV short not working,
too strong
[06:55 am] Mitch K: if anyone shorted DISH,
consider covering it
[06:56 am] Kris : RIMM short half
[06:58 am] Mitch K: watching SFLY for bounce,
late to see
[07:02 am] Brent : watching TIF for a bounce,
late to see
[07:04 am] Kris : out half SINA short
[07:05 am] Kris : SPY starting to top here
[07:06 am] Kris : PANL short half
[07:06 am] Mitch K: watching DMND for short
on top of this bounce. let it peak and turn
over before shorting
[07:07 am] Kris : out another 1/4 SINA
short
[07:19 am] Kris : out all SINA short
[07:20 am] Mitch K: looking for bounce in
ANR
[07:22 am] Kris : PANL new lod[07:23 am] Kris
: out half PANL short
[07:23 am] Kris : starting to watch SINA for
a long
[07:26 am] Kris : out another 1/4 PANL
short
[07:31 am] Kris : SPY heading for hod[07:34
am] Mitch K: looking for bounce in UA
[07:37 am] Kris : great job doji[07:40 am]
Kris : watching SPXU for another long
[07:42 am] Mitch K: ANR still a hold long
[07:44 am] Brent : watching ROST for a
bounce, but needs to drop more
[07:45 am] Mitch K: that’s about it for UA
[07:47 am] Mitch K: consider selling ANR long
position
[09:14 am] Brent : Is the SPY going down? I
can’t tell
[09:14 am] Mitch K: typical example of a
trending stock today
[09:15 am] Mitch K: trending stock….
doesn’t have the huge swings but on a bullish
day, it is buy on the dip”
[09:21 am] Mitch K: trending stock (etf here)
down, sell on the tops, whether it is selling
long or selling short, same idea
[10:00 am] Kris : markets holding up today is
something to take note on. Looks like we
could close at or near the highs from here
barring any news.
[10:01 am] Kris : news can change
technical’s[10:01 am] Kris : NFLX is my new
RIMM
[10:08 am] Brent : MBI at hod[10:18 am] Brent
: thx Lightning, watching WPI
[10:20 am] Brent : consider reducing WPI if
anyone got it long
[10:20 am] Brent : Good one Lightning
[10:29 am] Mitch K: i don’t care for the LNKD
short, look at the daily chart
[10:29 am] Mitch K: LNKD good long swing
actually
[10:58 am] Mitch K: when you see the
stochastics turn down, on NFLX here, that
should be your signal to short
[10:59 am] Kris : FIO ALERT
[10:59 am] Kris : thanks matt
[11:19 am] Kris : break time. be back in
30.
[11:26 am] Mitch K: you guys get that NFLX
short?
[11:27 am] Mitch K: here is the candle that
has the signal
[11:28 am] Mitch K: see that artwork? there
is stochastics and there is the candle
[11:28 am] Mitch K: you can use 1 min,
[11:29 am] Mitch K: see how much harder it is
to see the 1 min, use the 2 min chart to
decide approx timing and then switch t 1 min
last min before execution
[11:33 am] Mitch K: DNDN prob rumor, advanced
trade
[11:39 am] Mitch K: FIO bouncing
[11:58 am] Mitch K: another drop, setting up
for long
[12:00 pm] Mitch K: projector screwed up
[12:21 pm] Brent : SPY testing hod[12:34 pm]
Mitch K: i hope you guys got the short on WPI
after that last bounce
[12:35 pm] Mitch K: when you see a previous
pattern on the same stock when it corrected
earlier around 115pm eastern, as well as the
correction in the last hour, you can pretty
much rely on another correction on top of a
bounce
[12:36 pm] Mitch K: WPI has had a lot of
volatility last 2 months so it moves nicely
both ways
[12:42 pm] Mitch K: probably another short
here on WPI, smaller one
[12:47 pm] Mitch K: you guys get that WPI
short, probably smart to cover it now
[12:49 pm] Mitch K: the mentality i often get
into late in the day is its hard to maximize
the profits correctly in the last hour. you
get what you can, sort of bonus money or
“spouse” money profits
[12:50 pm] Mitch K: uh oh, new low, don’t be
buying WPI, was just commenting on last
short
[12:58 pm] Kris : have a good one matt.
[12:59 pm] Kris : it’s probably going to be a
little thin the close we get to the holiday’s
pixel
[01:00 pm] Kris : kept up volatility
[01:00 pm] Kris : summer was good because of
the debt crisis news
[01:00 pm] Kris : you’ll want to make sure
you are alert and ready to trade the first
hour to 90 minutes and then stay more
selective the rest of the day.
[01:01 pm] Kris : good night everyone.
awesome job today. see you all tomorrow
morning.
[01:02 pm] Brent : have a great night, see
you in the morning
[01:17 pm] Mitch K: later guys
|
[06:16 am] doji : First SP downgrade of
major banks and now China reduces Bank’s
margin requirements
[06:16 am] mikewd2 -: dumped some TNA this
morning, nice profits –
[06:16 am] joeytsa : and then coordinated
bank efforts
[06:17 am] sonorant : glad you did well on
your TNA Mike
[06:18 am] doji : I was very close to short
C yesterday in the post market… thanks I
didn’t
[06:18 am] sonorant : so China reduced
margin requirements on which banks?
[06:19 am] mikewd2 -: looking to take profits
in my CPB and VALE swings today
[06:20 am] sonorant : JOey, how do you do
that? automatic cancel?
[06:20 am] mikewd2 -: also signed up for
Tradestation last night
[06:20 am] joeytsa : on ninja sonorant?
[06:20 am] sonorant : yes on ninja
[06:20 am] doji : I’ll watch at the open and
see how the market moves
[06:21 am] joeytsa : control center, tools,
options, misc…set the time and click on
flatten all
[06:23 am] mikewd2 -: up nice on SINA, but
decided to sell covered calls yesterday.
[06:23 am] joeytsa : this market makes me
laugh
[06:24 am] mikewd2 -: it scares the heck out
of me Joey
[06:24 am] joeytsa : it’s a game…i won’t
hold anything for now
[06:24 am] lisas : I’m not holding anything
overnight, and I’m happy with that!
[06:25 am] mikewd2 -: trying to reduce my
holdings – i agree I want to get to no
overnight holdings
[06:28 am] mikewd2 -: expecting oil services
to start moving with this 100 oil
[06:28 am] joeytsa : even AMR is moving
haha[06:28 am] doji : I went short SDRL in
the pre-market
[06:28 am] mikewd2 -: i bought more WFT
[06:29 am] joeytsa : you guys holding TNA
should be happy 🙂
[06:29 am] mikewd2 -: i dumped some of mine
this morning.
[06:30 am] mikewd2 -: APA
[06:32 am] joeytsa : CF falling
[06:33 am] joeytsa : little bottom on the ES
around 1227.50
[06:33 am] doji : DMND Short
[06:35 am] mikewd2 -: MOS
[06:37 am] joeytsa : yesterday rusty
mentioned to put DEXO on the watchlist, penny
stock, decent move off the open
[06:39 am] joeytsa : Kris: great call on
NFLX
[06:40 am] apple : yes, thx for NFLX K
[06:40 am] mikewd2 -: garyb you still holding
TNA?
[06:40 am] garyb : ohhhhh yes!
[06:40 am] garyb : me likey the TNA 🙂
[06:41 am] joeytsa : just don’t lose some of
that profit
[06:41 am] mikewd2 -: i dumped some at 42.8
this morning
[06:41 am] joeytsa : AMZN lod[06:41 am]
apple : it can move very quickly gary
[06:41 am] garyb : Good mike! Beer is on
you today then?
[06:42 am] joeytsa : $VIX at 27.82
[06:44 am] lightning : stopped out GMCR
[06:44 am] garyb : go TNA go!
[06:45 am] lightning : S SNDK
[06:49 am] joeytsa : garyb…how things
change since our afterhours chat
[06:51 am] garyb : yes!
[06:51 am] joeytsa : TIF weak…mover from
yesterday
[06:51 am] joeytsa : banks downgraded, then
abracapocus..all is well again
[06:51 am] joeytsa : tighten stop on TIF if
short
[06:52 am] joeytsa : eye on SFLY
[06:54 am] khall : Britain ordered closing
of Iranian Embassy in London – that does not
sound good
[06:54 am] joeytsa : TIF closed gap
[06:54 am] joeytsa : khall,,they have to
slowly add in some bad news to keep things
under control 🙂
[06:54 am] khall : LOL Joey
[06:55 am] joeytsa : SFLY still dropping
🙂
[06:55 am] khall : the media is
manipulative
[06:56 am] joeytsa : indis bottoming on
SFLY, needs to hold S2
[06:56 am] apple : nice move on DISH, MK,
thx
[06:56 am] joeytsa : AMZN very weak today
[06:56 am] apple : good one on SFLY joey
[06:56 am] anthonyb : anyone get short
RIMM
[06:57 am] anthonyb : I only have 2 trades
so far
[06:58 am] anthonyb : Short RIMM and long
TSN on the breakout
[06:58 am] apple : 2 is good ab[06:58 am]
joeytsa : only 3 for me anthony[06:58 am]
skydiver : only 2 for me Anthony
[06:58 am] anthonyb : TSN doing well
[06:58 am] shark : Netflix downgraded to
Underperform from Neutral at Wedbush; tgt
$4
[06:59 am] joeytsa : 4 dollars haha[06:59
am] shark : target = $45 (got cut off)
[06:59 am] shark : maybe next year or two
for 4
[06:59 am] garyb : getting ready for SFLY
myself
[06:59 am] skydiver : dmnd starting to make
a u shape
[07:00 am] mikewd2 -: pending home sales
index up 10.4%
[07:00 am] garyb : in on SFLY… 29.30
[07:00 am] anthonyb : I swore if NFLX
consolidated around yesterdays low, I would
short, missed it lol[07:01 am] doji : I had
an alarm that was triggered when I was off
[07:01 am] doji : missed NFLX at all
[07:02 am] garyb : anyone else get some
SFLY?
[07:02 am] joeytsa : NFLX had that 30cent
pop on the open..all down from there
[07:02 am] truck : watching RIG
[07:02 am] doji : Watching C
[07:04 am] apple : nice call on SINA, K
[07:04 am] joeytsa : watching NFLX for break
below the lod[07:05 am] joeytsa : SFLY might
set up another short
[07:05 am] shark : DIA SPY pulling back from
top
[07:05 am] garyb : Out SFLY……..made
enough for breakfast…for me and 5 people!
🙂
[07:06 am] joeytsa : same with TIF
[07:06 am] doji : SPY reversing
[07:06 am] rusty : DMND radar
[07:07 am] rusty : DMND chatter
[07:07 am] rusty : and rumors
[07:07 am] joeytsa : CF from earlier slowly
trending down to the prev cl
[07:07 am] shark : AMZN bouncing
[07:08 am] joeytsa : rusty…you playing
DEXO?
[07:09 am] rusty : yes, faded the open
[07:09 am] lightning : covering 1/2 SNDK
short
[07:09 am] rusty : now out
[07:09 am] joeytsa : good job, thanks
[07:10 am] rusty : re DMND…
[07:10 am] skydiver : S DMND 28.26
[07:10 am] rusty : One option being
considered is the acquisition of the snack
producer. They would need to offer north of
$40/shr to win the support of major holders
at this stage.
[07:10 am] rusty : by PG
[07:10 am] rusty : this is all rumor at this
point
[07:11 am] joeytsa : tightening stop on
TIF
[07:12 am] zentrader : l NFLX 64.92
[07:12 am] joeytsa : VMW holding its own
[07:12 am] zentrader : will keep a tight
stop on this one
[07:12 am] joeytsa : all out TIF
[07:13 am] zentrader : out 1/4 NFLX 65.41
[07:14 am] joeytsa : covering SFLY…drop in
the bucket
[07:16 am] joeytsa : BIDU trying to find a
bottom?
[07:16 am] zentrader : L SFLY 28.92 stop
under 28.76
[07:18 am] zentrader : out another 1/5 nflx
65.61
[07:18 am] zentrader : 1/4
[07:19 am] shark : GMCR failing at
resistance
[07:19 am] zentrader : stopped out SFLY
[07:20 am] shark : there she goes
[07:20 am] shark : hitting short term
support
[07:21 am] garyb : SFLY looks like it will
still drop for a bit
[07:21 am] shark : nice gary
[07:22 am] apple : SINA still dropping
[07:22 am] garyb : Got a small position in
ANR….tight stop
[07:22 am] doji : out 1/2 PANL
[07:23 am] doji : great call Kris, I added
below 38
[07:24 am] zentrader : out 3/4 nflx 65.79
[07:24 am] doji : Next resistance for PANL
is 36.86
[07:24 am] garyb : ANR looking good
[07:24 am] doji : SFLY
[07:26 am] zentrader : all out nflx 66.10
[07:26 am] doji : out 1/4 PANL
[07:27 am] apple : good job zen[07:27 am]
doji : I am long in SFYL at 27.96
[07:28 am] garyb : good doji….I might join
you
[07:29 am] garyb : got in SFLY with small
position..tight stop again
[07:30 am] truck : watching BTU for a
short
[07:30 am] lightning : stopped my last SNDK
short position for a modest gain
[07:35 am] doji : out last 1/4 PANL
[07:36 am] doji : Thanks Kris, got
$1.02/share in average, made my day
[07:36 am] doji : NFLX watching
[07:37 am] lightning : S a little NFLX
[07:37 am] mikewd2 -: just shorted NFLX 66.4,
turn over netflex[07:39 am] garyb : Mike are
you still in TNA..just went over 43
[07:40 am] doji : New hod in the SPY
[07:40 am] khall : DMND turning over
[07:41 am] doji : SFLY has fleas
[07:41 am] garyb : lol…I got stopped
out
[07:42 am] khall : I’m still in – short
🙂
[07:44 am] rusty :
http://www.forbes.com/sites/greatspeculations
/2011/11/30/big-european-bank-failure-averted
-what-central-banks-did-not-tell-us/
[07:44 am] garyb : wow…just notice DOW up
426! what a day!
[07:46 am] lightning : the dow is
approaching 12,000. It may be tough to break
through it today.
[07:47 am] garyb : ROST looks good
Brent…watching too
[07:48 am] garyb : in on ROST 88.50….tight
stop
[07:48 am] lightning : Covered NFLX for some
drops in the bucket
[07:49 am] mikewd2 -: out SINA +1.3, thanks
Kris
[07:50 am] rusty : RHT worth watching on the
daily for a swingshort –
[07:50 am] zentrader : L
[07:50 am] rusty : will assess toward
eod[07:50 am] zentrader : L SFLY 27.72,
tight stop
[07:51 am] garyb : Brent…did you get
ROST?
[07:51 am] rusty : hopefully RHT will go
higher for entry
[07:51 am] doji : Watching C
[07:52 am] Brent : no, didn’t drop enough for
me gary
[07:53 am] garyb : ok..I’m in but I put my
stop at B/E
[07:53 am] jsn13 : Did anyone short SFLY at
the 29 area?
[07:55 am] khall : I shorted my second
portion at 28.83
[07:55 am] doji : C resistance around 27
[07:59 am] lightning : S AIG
[07:59 am] observer : SLV new hod[08:00 am]
doji : Short C 26.91
[08:01 am] doji : stop above 27.2
[08:01 am] doji : Short AIG 22.93
[08:01 am] doji : Stop above 23
[08:03 am] anthonyb : anyone still got any
PANL short?
[08:03 am] doji : Not me anthony[08:04 am]
anthonyb : I am whittled down to 50 shares
left
[08:04 am] anthonyb : micro trades
[08:08 am] garyb : wow Mitch…..ANR was a
good one…I already sold it but it looks
like it’s holding up well
[08:10 am] lightning : watching MPC for
possible long opportunity
[08:12 am] garyb : I’m in on MPC Lightning!
Thanks!
[08:13 am] mikewd2 -: MCP might be a head
fake
[08:13 am] lightning : good luck gary. I’m
not in it. I was waiting for it to get below
33.50.
[08:13 am] doji : Watch ANR
[08:16 am] rusty : VHC radar
[08:18 am] lightning : I like VHC , but a
big spread
[08:18 am] garyb : I’m out of it
lightning….lost patience as it looks like
its going down again…got enough for a nice
cold pint of Warchiner!
[08:19 am] lightning : there you go, gary.
one pint at a time
[08:19 am] lightning : AIG needs to bust
below the 50 MA here, or I may need to let it
go
[08:20 am] doji : ANR
[08:22 am] lightning : covering 1/4 of my
AIG short here
[08:23 am] eyes : Mitch can you Explain why
on the anr Chart Stochs is going down while
price moving up
[08:27 am] richard : I’ve been watching
charts on my 42″ TV and feel the picture is
not sharp enough. I feel my eyes would suffer
going this way as opposed to smaller
screens
[08:28 am] doji : put several small charts
Richard
[08:28 am] doji : I have 3 charts in each of
my two 20-in LCD monitors
[08:29 am] richard : I was just curious
about using a larger screen rather than
several smaller ones
[08:32 am] lightning : covering another 1/4
AIG short. Still have 1/2 position.
[08:37 am] lightning : I keep waiting to go
long TZA at some point today, but it is stuck
on its daily low.
[08:47 am] doji : aggg, missed PANL rebound
from 36 support
[08:55 am] lightning : covered another 1/4
AIG short here. 1/4 left
[08:55 am] rusty : RAYS falling
[08:58 am] mikewd2 -: WLT hod[09:12 am]
lightning : covered the last part of my AIG
short
[09:12 am] doji : out 1/2 short C here
[09:12 am] shark : GMCR at hod – received an
upgrade
[09:12 am] anthonyb : I’d like to see a
breakdown here
[09:13 am] shark : ditto, that, anthony!
[09:14 am] doji : Resistance GMCR at 52.2
[09:14 am] joeytsa : MDC spike down
[09:18 am] storage : WYNN little dip then
back.
[09:24 am] candelas : mpc very weak
[09:26 am] rusty : CRM radar
[09:26 am] joeytsa : late on TD
[09:27 am] candelas : inhx getting bid
[09:27 am] go4it : Is it the Market makers
that decide whether to gap a stock or index
up or down each day?
[09:30 am] joeytsa : go4it: not sure if
that’s how it works in today’s market, but
when i learned how to play gaps..that had
something to do with it, along with
overreactions in general
[09:32 am] go4it : Do you still play gaps
Joey?
[09:32 am] joeytsa : take that as basic
info, not trading advice 🙂
[09:33 am] joeytsa : yes i still play
gaps
[09:33 am] go4it : Is there a good book you
can recommend for playing gaps?
[09:34 am] khall : nice vol spike up on
GMCR
[09:34 am] joeytsa : nothing current, and
most of the other ones usually tell you to
avoid them…..
[09:35 am] joeytsa : Kris has some really
great gap ideas
[09:35 am] joeytsa : i have added his stuff
to my thimbleful of knowledge
[09:36 am] go4it : I’m afraid my knowledge
can fit on the head of a pin
[09:36 am] joeytsa : only takes 1 idea to
make a fortune
[09:38 am] rusty : RL lod[09:39 am] go4it :
I feel like I’m trading from ignorance
instead of knowledge and it’s very
intimidating sometimes
[09:39 am] joeytsa : thanks for the reminder
rusty…they had a bad day yesterday too
[09:40 am] joeytsa : find 1 strategy that
makes sense to you, learn in inside and out,
then hone in on your entry/exit technique on
that 1 strategy…
[09:41 am] joeytsa : once you get that
perfected, then maybe do the same with a 2nd
strategy
[09:41 am] go4it : you mean like the 3mf
[09:41 am] observer : works for me too,
joey
[09:41 am] joeytsa : lots of ideas get put
up in this room…i get dizzy from time to
time
[09:42 am] joeytsa : if the 3mf suits you,
then concentrate on that
[09:42 am] shark : watching GMCR
[09:43 am] joeytsa : Mitch just put up a
great technique above…simple and
effective
[09:44 am] mikewd2 -: NFLX falling again
[09:44 am] go4it : Identifying tops is my
problem
[09:44 am] joeytsa : join the club
haha[09:45 am] joeytsa : become a master of
support/resistance
[09:45 am] rusty : NFLX radar
[09:46 am] doji : New low NFLX
[09:46 am] derns : Dennis Gartmen made a
comment that he thinks NFLX could drop to the
20″s…he missed out on the short, which he
covered 60 dollars ago.
[09:47 am] mikewd2 -: covered NFLX short
64.30
[09:47 am] rusty : Gartman ETF
http://www.bloomberg.com/apps/quote?ticker=HA
G:CN says it all
[09:48 am] mikewd2 -: still in RIMM short,
from early this morning – anyone else still
in?
[09:49 am] derns : Lee Cooperman said he
went long RIMM a short while ago
[09:49 am] doji : Who called RIMM Mike?
[09:50 am] zentrader : L NFLX 64.42
[09:50 am] mikewd2 -: I think Kris mentioned
watching it
[09:50 am] zentrader : tight stop there
[09:50 am] zentrader : this will be fast so
get out when you can
[09:50 am] rusty :
http://www.forbes.com/sites/ericjackson/2011/
11/17/dennis-gartman-celebrates-income-inequa
lity/
[09:51 am] joeytsa : Iranian Embassy in
london closed
[09:52 am] doji : I like NFLX better at 63.5
(S2)
[09:53 am] khall : Me too Doji[09:54 am]
pixel : i am trading in simulation mode. if
i switch to live, what are the major
differences?
[09:54 am] zentrader : was looking for .25 –
.35 on NFLX
[09:54 am] zentrader : got a bit
[09:54 am] zentrader : out even
[09:54 am] rusty : Live, you start to lose
money
[09:54 am] lightning : pixel, two big
differences: your emotion and that stop
prices will slip
[09:54 am] joeytsa : emotions being the big
one
[09:55 am] rusty : Sim, make lotta money.
Live, lose money
[09:55 am] Brent : Lightning is right
Pixel
[09:55 am] joeytsa : you will learn more
about yourself doing 1 live trade than 50
sims[09:55 am] apple : i would say emotions
as well
[09:55 am] apple : just finished Trading In
The Zone – big big help…
[09:55 am] pixel : moving the stop by
emotion?
[09:56 am] rusty : try small shares when
moving from sim to live
[09:56 am] lightning : no, pixel. they are
two different things. First, your emotions
are very different trading real money from
sim (at least mine were)
[09:56 am] lightning : I would close out
winning trades early, losing trades late and
move stops too close.
[09:56 am] apple : agree, light, i think
that’s true for everyone…
[09:57 am] lightning : The second point was
that in simulation, your stops are executed
at your stop price. In real life, your stop
order becomes a market order and can be
executed several cents away from where you
had your stop occasionally.
[09:57 am] joeytsa : same here lightning
[09:57 am] pixel : even in sim i am closing
winning trades early by fear
[09:57 am] go4it : I have trading in the
zone on audiobook and sometimes play it as
background noise while I’m trading
[09:58 am] doji : and in SIM your full order
gets filled
[09:58 am] mikewd2 -: pixel, try using a
trailing stop
[09:58 am] joeytsa : the CL down almost $1
from today high…sitting around $100.80
[09:58 am] lightning : I know Joey…I
caught .50 of the move!
[09:59 am] joeytsa : i missed it, only had
the ES up, just switched to see
[09:59 am] joeytsa : nice trade
[09:59 am] doji : NFLX S
[10:01 am] shark : on the happy road to $50
-NFLX
[10:01 am] doji : NFLX should lose 63
today
[10:01 am] apple : thx K – with the caveat –
barring any news…
[10:01 am] doji : YEahhh Kris
[10:01 am] shark : about 3-4 analysts have
est in the $40 range now
[10:02 am] doji : NFLX at support here
[10:02 am] joeytsa : agree Kris..this ES
range from 1235-1237 is a battleground
[10:02 am] doji : come on break it!
[10:02 am] doji : Move my stop at b/e[10:06
am] doji : Weak round in NFLX
[10:06 am] doji : rebound
[10:07 am] doji : Here it comes
[10:08 am] doji : Need to break 62.90,
trailing my stop to secure profits if it
rebounds
[10:10 am] monster : are you L or S on nflx,
doji[10:10 am] doji : Short Monster, posted
at 09:59
[10:10 am] monster : thanks
[10:11 am] doji : yes
[10:11 am] shark : die, NFLX, die
[10:11 am] doji : Did you short it also
Shark?
[10:12 am] apple : shark, i think it will
die on its own without your well wishes…
[10:12 am] shark : yes
[10:12 am] shark : oh, ok. I wasn’t
sure….
[10:12 am] khall : he’s just encouraging it
[10:13 am] shark : GMCR looks like an
intraday double top
[10:16 am] lightning : WPI dropping hard
[10:19 am] lightning : WPI news is that a
competitor is expected to get FDA approval
for a Lipitor generic (WPI got their approval
today)
[10:20 am] doji : Those are not encouraging
news for WPI
[10:20 am] lightning : Ranbaxy set to get
FDA approval for Lipitor generic, Economic
Times reports Note shares of Watson
Pharmaceuticals (WPI), which launched its own
Lipitor generic today, just moved lower.
:theflyonthewall.com
[10:20 am] rusty : WPI radar
[10:21 am] rusty : pardon didn’t see you
guys were watching it already
[10:21 am] doji : NFLX making lower lows
[10:23 am] lightning : LNKD jumping
[10:24 am] doji : Needs to move higher
[10:28 am] candelas : ZOLT hod[10:33 am]
chinhngo : vxx lod long
[10:39 am] doji : LNKD S 63.96
[10:40 am] doji : move to SIM mode in
LNDK
[10:40 am] rusty : DEXO lod[10:49 am]
candelas : zolt another hod[10:56 am]
candelas : beige book report due out 2est
[10:58 am] lightning : FIO falling[11:04 am]
garyb : Hi Kris…I’m in FIO..tight stop
[11:05 am] mikewd2 -: out half FIO
[11:06 am] garyb : Me too…made 1% in a few
minutes
[11:07 am] garyb : Thanks Kris! FIO was a
good one! 🙂
[11:08 am] mikewd2 -: thanks Kris, FIO was
great
[11:08 am] garyb : we probably got out too
soon Mike….but I’m happy to be in the
green
[11:08 am] doji : all out FIO,
$0.96/share… thanks Kris
[11:09 am] apple : good job doji[11:09 am]
lightning : all out FIO
[11:09 am] garyb : good one doji! We all
love FIO!
[11:09 am] doji : Watching NFLX
[11:09 am] doji : VWAP at 64.94
[11:10 am] apple : doji, you have been
watching NFLX all day – thx
[11:10 am] storage : Thanks for FIO Kris and
Doji[11:10 am] doji : Well, I monitor 9
stocks at the same time and NFLX is one of
them
[11:11 am] pixel : i shorted NFLX @ 64.33
when stochastics turned down
[11:13 am] doji : NFLX
[11:16 am] pixel : Doji, what is target for
NFLX?
[11:16 am] zentrader : anyone get the MBI
signal?
[11:17 am] doji : Not in NFLX Pixel
[11:17 am] candelas : traded it earlier on
brent call mbi[11:17 am] doji : I’d like to
short it around 65.5
[11:18 am] apple : zen – i was just looking
at MBI as well
[11:20 am] doji : Pixel here comes NFLX
[11:22 am] pixel : how can i know the exit?
just watching the stocastics on the chart on
the right
[11:23 am] doji : Alternate between 1min and
2min, if the price moves very quick I use the
1min
[11:24 am] doji : Secure some profits here
Pixel
[11:24 am] mikewd2 -: i covered at 63.88
[11:24 am] pixel : I did, half
[11:24 am] doji : Good job
[11:25 am] doji : MBI flying
[11:25 am] joeytsa : nice trade guys
[11:26 am] mikewd2 -: yep
[11:26 am] zentrader : yeah, I just crushed
MBI – am still in it
[11:27 am] murano : yes
[11:27 am] lisas : yes, second entry for me
though
[11:27 am] storage : yes
[11:27 am] lisas : ended up profitable
[11:27 am] pixel : stochastics on TSA chart
is still down but 1 min is flat now NFLX
[11:27 am] mikewd2 -: thanks Mitch
[11:28 am] lisas : yeah, I entered on 1 min,
my bad
[11:28 am] mikewd2 -: shorted at 64.48
covered at 63.88
[11:29 am] doji : In 1mim the stochastics is
showing sell signal for NFLX
[11:29 am] pixel : Mitch i’m struggling to
find exit signal
[11:29 am] storage : Yes mitch thank you
[11:29 am] observer : nice, mikewd2
[11:29 am] garyb : Mitch do you use 1 min
chart for exit signal … I have been using 2
min
[11:29 am] doji : Read that post from Mitch
Pixel
[11:31 am] mikewd2 -: garyb, you sell any of
your TNA today?
[11:31 am] lisas : Actually, I entered just
below the first red bar on 2 min, but then it
went a little higher. My position size called
for a closer stop, too close for that price
stock. Made money on second attempt though
[11:31 am] zentrader : dndn[11:31 am] garyb
: No Mike…I am holding on to $50
[11:31 am] garyb : for 50 I mean
[11:32 am] mikewd2 -: i sold 2k at 42.80, 2k
at 43.4 – still have some more
[11:32 am] mikewd2 -: average price was
35.48
[11:32 am] garyb : If it can hit 50 then the
GB Santa will be very good this year! 🙂
[11:32 am] mikewd2 -: yeah, i’ll be mad I
didn’t hold
[11:33 am] garyb : so you made some awesome
profit though! Congrats!!!
[11:33 am] joeytsa : stock rumor on DNDN?
[11:33 am] mikewd2 -: yeah, but didn’t cover
the money i lost on TZA last month
[11:33 am] lightning : yikes. I pass
DNDN
[11:34 am] zentrader : s DNDN 8.74
[11:35 am] doji : Yeah. Mike has like $1M
account
[11:35 am] joeytsa : he has $2M waiting in
his TZA account
[11:35 am] mikewd2 -: i did setup a
tradestation account last night, waiting to
fund and try that platform.
[11:36 am] pow : tza low of day
[11:36 am] garyb : Mike…you will LOVE IT!!
Man I am hooked! Tradestation rocks!
[11:37 am] mikewd2 -: FIO
[11:38 am] lisas : Re these rumors trades,
TS doesn’t have a 30 sec chart, but a 233
tick works pretty well
[11:39 am] joeytsa : lisa, i used to use a
233 on the ES
[11:41 am] zentrader : time for DNDN to come
to papa
[11:42 am] doji : Pixel, here comes your
chance for your second 1/2 in NFLX
[11:44 am] doji : MBI is on fire
[11:45 am] lisas : Keep talking to dndn zen,
it’s working
[11:45 am] garyb : I am learning this Radar
Screen from Tradestation……want to find
hot stocks on the move to share with
everyone….does anyone use it?
[11:45 am] lisas : yes
[11:46 am] mikewd2 -: did you take the
training on it?
[11:46 am] lisas : actually using hot lists
right now, need to set up radar.
[11:46 am] garyb : Yes…the videos on
Tradestation site…how is it Lisa?
[11:46 am] mikewd2 -: looks like TS has a
webinar or book or something on radar
screen
[11:46 am] lisas : Yes, they have several
training methods on radar, online tutorial,
and an “on demand” webcast
[11:46 am] zentrader : nice DNDN
[11:47 am] lightning : OVTI jumping
[11:47 am] doji : LNKD
[11:47 am] doji : turning over
[11:48 am] lightning : passing on
OVTI….
[11:48 am] lisas : Gary, they have really
good video training
[11:49 am] garyb : I noticed..I am trying to
learn their scanner and radar screen..sounds
like you have learned well
[11:49 am] doji : Anyone took LNKD short?
[11:49 am] lisas : They’ve changed the
website since I last took any, but they have
quick short video tutorials, then they have
several hour “on demand” webcasts, and you
can sign up for live “webcasts” so you can
ask questions
[11:50 am] joeytsa : its good they have that
kind of support
[11:51 am] lisas : Garyb, the darvas box is
not a regular indicator (since TSA uses it),
but you can download it for free from the
community forum. Just do a search by darvas
box, and the discussion thread with download
will show up
[11:52 am] lisas : Ok, up to 1.27% on dndn,
thanks
[11:52 am] joeytsa : really like the darvis
box on my ES chart
[11:53 am] lisas : I haven’t tried it on
that Joey, what time frame?
[11:53 am] joeytsa : i switch between the
340 and the 578 tick
[11:54 am] joeytsa : getting ready to set up
some new templates for a 1min
[11:55 am] joeytsa : i use shorter tick
charts if i trade YM,CL,ZB,ZN
[11:56 am] doji : Good call in DNDN…thanks
Mitch
[11:57 am] lisas : so 25 to 50 tick range,
or 144 to 233 range joey?
[11:57 am] lisas : or higher?
[11:57 am] lisas : dndn came down really
nice
[11:57 am] joeytsa : i switch between
89,144
[11:57 am] zentrader : yw on DNDN 🙂
[11:58 am] joeytsa : WPI lod[11:58 am] lisas
: I’ll have to try it Joey, usually use 233
on ym, 5 m on financials
[11:58 am] joeytsa : i need to check those
lisa[11:59 am] joeytsa : a 5min on the ES
can seem like an eternity
[11:59 am] joeytsa : WBMD
[12:00 pm] joeytsa : another weird spike
just like yesterday
[12:00 pm] lisas : joey, more in bonds than
sp/ym[12:01 pm] joeytsa : oh ok
[12:01 pm] lisas : right at close
[12:02 pm] joeytsa : WBMD…form SC-13D
[12:02 pm] shark : very strange
[12:03 pm] joeytsa : they had a weird spike
yesterday also
[12:04 pm] lisas : I wasn’t trading at that
time yesterday, missed it
[12:05 pm] mikewd2 -: FIO on the move
again
[12:05 pm] joeytsa : they went up like $4 in
a few minutes
[12:05 pm] mikewd2 -: out half FIO
[12:06 pm] garyb : that was quick Mike…I
just got in
[12:06 pm] garyb : probably bought your
stock! lol[12:06 pm] mikewd2 -: quick 1%
[12:11 pm] joeytsa : quick pop in the
markets
[12:12 pm] zentrader : nflx again
[12:12 pm] doji : So all the problems are
gone now and we are in rally mode?
[12:12 pm] mikewd2 -: FIO, up most of any IPO
this year. 87% from IPO price of 19
[12:16 pm] pixel : NFLX alert
[12:17 pm] mikewd2 -: dang missed NFLX
[12:17 pm] doji : Market Watch: WS applauds
bid to contain Europe’s debt crisis
[12:18 pm] joeytsa : NYSE trading volume
light for a major rally
[12:19 pm] joeytsa : according to cnbd
tag
[12:19 pm] joeytsa : cnbc[12:19 pm] joeytsa
: OII, 50cent spike up
[12:20 pm] joeytsa : trying to break out to
52wk hi
[12:22 pm] joeytsa : according to The
Australian News…a 2nd Iranian nuclear
facility has exploded
[12:22 pm] joeytsa : it’s the 2nd blast in a
month..prompting spec that the sites are
under attack
[12:23 pm] joeytsa : that news should help
the price of oil 🙂
[12:23 pm] observer : interesting that there
is no mention of possible causes
[12:24 pm] joeytsa : even stranger that i
haven’t seen it in the mainstream news
[12:24 pm] observer : good point
[12:26 pm] joeytsa : I’m not saying it’s an
attack, but if its Israel…hold onto your
hats
[12:27 pm] storage : Did anyone else get
NFLX short
[12:28 pm] candelas : yep
[12:28 pm] joeytsa : missed its storage, was
in WPI
[12:28 pm] candelas : bid hod[12:29 pm]
victor51 : Anyone L on WPI?
[12:29 pm] joeytsa : not me, just closed a
short there
[12:30 pm] doji : MBI moving up again
[12:30 pm] joeytsa : oil over $100 since 5am
pst, held all day
[12:30 pm] joeytsa : CF going for lod[12:32
pm] mikewd2 -: nice bounce in WPI
[12:34 pm] lisas : joey, I saw a story on
the explosions also. Non story is the story I
suspect
[12:34 pm] mikewd2 -: just the long
[12:35 pm] joeytsa : got it Mitch, didn’t
take that last long
[12:35 pm] joeytsa : maybe lisa[12:36 pm]
joeytsa : SODA big drop
[12:41 pm] neel : SPY hod[12:41 pm] mikewd2
-: FIO moving again
[12:41 pm] observer : dow making a run for
12k
[12:43 pm] mikewd2 -: be glad when i’m on
Tradestation, etrade no WPI to short
[12:44 pm] doji : No more trades for me
guys, I want to close November with an
“A+”
[12:44 pm] lightning : way to go doji.
congrats
[12:45 pm] lisas : good job doji[12:46 pm]
pow : clwr[12:46 pm] doji : Thanks to all
of you and TSA
[12:46 pm] garyb : Mike..are you still in
TNA?
[12:47 pm] shark : LULU reports before the
bell tomorrow!
[12:48 pm] mikewd2 -: yeah, i still have 4k
left
[12:48 pm] shark : AWESOME WPI, Mitch!
[12:50 pm] joeytsa : makes sense Mitch
[12:51 pm] observer : Slw new high into the
close
[12:51 pm] desaist : mitch, stochastics
10(8), 7 means what? i have periods, %K
slowing, and %D slowing.. are these same
values??
[12:51 pm] Brent : 10=%K. 8=%K smooth,
7=%D
[12:52 pm] kent : thx Mitch on WPI
[12:55 pm] candelas : i hear Obama’s rating
is at all time low, as low as Jimmy
Carter’s
[12:55 pm] joeytsa : heard that yesterday
[12:55 pm] candelas : have to make it look
good
[12:55 pm] neel : SPY up 4.25%
[12:56 pm] lightning : Thanks TSA and
everyone. A decently green day today. See
you tomorrow
[12:56 pm] joeytsa : well, looks like
tomorrow is december..see if this eom move
keeps going
[12:56 pm] joeytsa : dow 12027 at the
moment
[12:58 pm] pixel : Is December good for
trading coz low volume for vacations
[12:59 pm] joeytsa : who knows this year
[12:59 pm] joeytsa : usually summer is slow,
but this year summer was really good
[01:00 pm] pixel : and europe[01:00 pm]
mikewd2 -: what a day, awesome !!!![01:00 pm]
lisas : wow, huge sell off after close in
ym, time and sales started streaking by
[01:00 pm] pixel : thank you Kris, good
advice
[01:01 pm] joeytsa : yeah kris[01:01 pm]
observer : fun day, gn all
[01:01 pm] lisas : yep, $esinx shows
programmed sell spike, over now
[01:01 pm] joeytsa : interesting
[01:02 pm] lisas : bye Mitch, Kris, Brent,
room, thanks for all the great calls
[01:05 pm] pixel : Thank you very much
Mitch, Kris, Brent and all members
[01:09 pm] joeytsa : thank you Mitch,
everyone have a great evening
|
Web Special
