[06:12 am] Kris : good morning traders
[06:14 am] Ed : good morning
[06:15 am] Kris : yes I did, thank you
apple
[06:18 am] Brent : good morning
[06:18 am] Brent : great apple, thx
[06:18 am] Kris : SHLD, NLY, MET, MJN, AEM,
BMC, HBI as possible short trades
[06:18 am] Kris : Today I’m watching DLTR,
HMSY, PLL and PTNR as possible long trades
[06:19 am] Kris : SPY resistance at 127.40
and volume starting to thin on this 5 day
rally we’re having
[06:25 am] Mitch K: looking for a quick pop
on MJN at opening
[06:25 am] Mitch K: prob won’t last long
[06:31 am] Mitch K: consider selling MJN
[06:32 am] Kris : BBBY short half
[06:32 am] Mitch K: watching WHR for
bottom
[06:34 am] Kris : ALTR short half
[06:34 am] Kris : DHR short half
[06:34 am] Mitch K: looking for quick short
in ATPG; try 7.85
[06:34 am] Mitch K: TIBX toppy now
[06:34 am] Mitch K: watching for top in TIBX
for short
[06:35 am] Mitch K: watching for top in CRM
to short
[06:36 am] Kris : AKAM long half
[06:36 am] Kris : CVS short half
[06:37 am] Mitch K: watching AWAY to short
[06:38 am] Kris : DECK short half
[06:39 am] Mitch K: watching SD for bottom to
buy, lower priced stock requires more
precision
[06:40 am] Kris : SINA long half
[06:41 am] Kris : looking to add second half
to DHR short soon
[06:42 am] Kris : yes mhaus[06:45 am] Mitch
K: CRM toppy
[06:46 am] Brent : SHLD approaching lod
again
[06:47 am] Mitch K: watching ULTA for top to
short
[06:51 am] Mitch K: consider covering ATPG
short
[06:51 am] Mitch K: missed bottom in CSC,
watching for top in this bounce to short.
[07:12 am] Ed : another case being reported
MJN
[07:29 am] Mitch K: consider covering most of
CSC if short
[07:31 am] Brent : ALXN moving
[07:32 am] Mitch K: watching ALXN for
short
[07:50 am] Mitch K: monitoring FSLR for
bottom but looks sluggish
[07:53 am] Kris : out half ALTR short
[07:53 am] Kris : out half DECK short
[08:20 am] Mitch K: FSLR bouncing
[08:20 am] Mitch K: the kind of news and the
reputation of a large company like SHLD today
usually continues to dribble down without big
tradable moves
[08:24 am] Mitch K: we won’t get back to
normal volume and trading action until mid
next week,
[08:37 am] Ed : watching IDCC
[09:24 am] Ed : i would reduce if u took IDCC
short
[09:30 am] Ed : reduce more IDCC
[09:53 am] Mitch K: watching TRIP
[12:23 pm] Mitch K: Scientific Games
[12:23 pm] Mitch K: try to remember to watch
SGMS tomorrow, looking for high volatility
tomorrow.
[12:25 pm] Mitch K: I would think AWAY would
have follow through on the upside tomorrow
[12:59 pm] Ed : have a great evening
traders
[01:00 pm] Brent : have a great night, see
you in the morning
[01:01 pm] Kris : good night everyone. see
you all tomorrow.
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[06:19 am] khall : SHLD is going to be
difficult to find for short – none available
on IB
[06:20 am] apple : i tried SHLD on LS – not
available
[06:21 am] joeytsa : apple: SHLD on the L
list..I forgot what L stood for
[06:23 am] joeytsa : so far i like my schwab
charts better than esig…glad i have 30 days
to try some stuff out
[06:24 am] khall : sounds like fun joey
[06:24 am] apple : esignal, i think is much
different than the other charting systems. i
think you might have to get used to it
[06:25 am] joeytsa : yeah..lines drawn at
diff levels..weird[06:26 am] joeytsa :
watching PRGO today also
[06:32 am] joeytsa : CSC falling
[06:37 am] joeytsa : PRGO trying to close
gap
[06:37 am] apple : L is for locate, joey, it
was required for SHLD today. you can request
a locate by sending an email to
[email protected] or calling
888-577-3123
[06:37 am] joeytsa : thanks apple…that
rings a bell now
[06:39 am] rusty : ZNGA radar
[06:39 am] rusty : might be active with
gambling bill
[06:39 am] doji : Anyone short in MJN?
[06:39 am] apple : no
[06:41 am] rusty : watch PTEK GIGM CRYP
also
[06:41 am] mhaus : Kris, still short
ALTR?
[06:41 am] joeytsa : eye on CF,AMZN
[06:41 am] mikewd2 -: RAM on the move
again
[06:41 am] rusty : RAM on watch for
bullshort[06:43 am] Mitch K: thanks rusty,
RAM interesting as short, higher risk for new
traders, study bullshorts for long time
first
[06:43 am] rusty : RAM 89-90 rsi[06:51 am]
jsn13 : anyone took RAM short?
[06:51 am] qwert : ram short at 2.83
[06:52 am] davidr : Hi folks hope you all
had a great Christmas can someone explain
what a long half and short half is thank
you
[06:53 am] joeytsa : david: long half means
someone went long on a stock, but only a half
sized position
[06:54 am] joeytsa : most questions can get
better answered mid morning when things slow
down
[06:54 am] mhaus : long half is going long
half the usual quantity that you would
usually buy
[06:57 am] joeytsa : CRM looking strong
today so far
[06:57 am] mikewd2 -: i was just thinking
that joey
[06:57 am] joeytsa : esp on a hod[06:58 am]
doji : Woow… missed the top of MJN for
shot
[06:58 am] apple : that would have been a
good one doji, i missed it too
[07:00 am] joeytsa : ES/CL both making
hod[07:00 am] mikewd2 -: consumer confidence
64.5 ver 55.2 in nov[07:02 am] doji : Market
moving up from the open today…
[07:02 am] joeytsa : saw yesterday that
retailers are scared..lots marked things down
huge yesterday
[07:02 am] joeytsa : CRM looked weak on that
last bounce
[07:04 am] rusty : KOG radar
[07:05 am] doji : KOG have been moving
during December Rusty… very strong
[07:05 am] zentrader : MJN I’ll stop below
68.14
[07:06 am] doji : Watching MJN, could break
70 today
[07:07 am] Mitch K: you were asking about MJN
as swing trade last week zen, was that
you?
[07:07 am] Mitch K: on long side?
[07:10 am] rusty : SHLD lod[07:11 am] rusty
: CMM radar – strange chart
[07:11 am] rusty : kind of thin also
[07:11 am] joeytsa : just saw them rusty
[07:11 am] doji : MJN second help Short…
moving fast
[07:12 am] doji : Any news in MJN?
[07:12 am] mikewd2 -: Mead Johnson situation
remains unclear, says Citigroup
[07:12 am] joeytsa : says they are down $17
from the open on a scan i have, but i don’t
see it in the chart
[07:12 am] joeytsa : sears to close 120
kmarts[07:13 am] apple : and some of their
stores as well
[07:13 am] rusty : CMM special dividend
[07:15 am] doji : MJN is very difficult to
trade with these news moving around…
[07:16 am] apple : be careful
[07:16 am] apple : WHR moving
[07:16 am] doji : Thanks Apple, but too
late… it ate my XMas gift!
[07:16 am] doji : MJN
[07:17 am] apple : it was rough on
friday…
[07:17 am] weston : Ed, is the News on MJN
positive or negative??
[07:18 am] mikewd2 -: Mead Johnson situation
remains unclear, says Citigroup
[07:18 am] Mitch K: thanks rusty for Chinese
dividend
[07:18 am] rusty : CMM
http://finance.yahoo.com/news/China-Mass-Medi
a-Corp-prnews-1837097908.html?x=0
[07:19 am] rusty : MJN from a little while
ago
http://abclocal.go.com/wls/story?section=news
/local&id=8480340
[07:22 am] apple : SINA lod[07:23 am]
joeytsa : CRM just a nice mover
[07:24 am] joeytsa : the ES with a quad top
around 1264
[07:27 am] observer : AKAM with a nice pop,
Kris
[07:30 am] joeytsa : WYNN has had a nice
move so far, will watch
[07:31 am] lightning : Dallas Fed
manufacturing numbers, expected +4.8,
actually -3.0. Oh, so close.
[07:31 am] mikewd2 -: move based on line
poker possibility in US
[07:31 am] joeytsa : wow lightning, missed
it by that much
[07:31 am] mikewd2 -: on WYNN
[07:31 am] lightning : just a bit
outside.
[07:32 am] rusty : DLTR hod[07:36 am] rusty
: RAYS market seller
[07:37 am] observer : LRCX new hod[07:37 am]
skydiver : I’m short ALXN 70.98 – just
started trading – thanks Brent and Mitch for
ALXN
[07:39 am] skydiver : out 1/2 at 70.72
[07:39 am] skydiver : ALXN
[07:44 am] rusty : WHR worth watching on
SHLD fallout
[07:44 am] lightning : GMCR not looking
well.
[07:45 am] lightning : good call rusty.
SHLD is a big distribution point for WHR
[07:45 am] storage : NFLX
[07:45 am] observer : LRCX ready to turn
over?
[07:46 am] rusty : RAYS mini waterfall
[07:46 am] rusty : RAYS is a never cover
stock
[07:47 am] rusty : if you have the
wherewithal
[07:47 am] apple : like a waterfall rusty
[07:50 am] rusty : GMCR lod[07:56 am] rusty
: SPY volume very low
[07:56 am] rusty : 30M
[08:00 am] observer : consider covering if
short LRCX
[08:01 am] apple : thx for ALTR K
[08:03 am] rusty : MJN CNBC
[08:04 am] apple : DECK lod[08:05 am]
mikewd2 -: MJN states retesting shows formula
safe
[08:06 am] lightning : time to get the CEO
to drink some.
[08:06 am] rusty : MJN spokesman: It’s not
the product. It could be anything else
[08:07 am] rusty : RIMM hod[08:09 am] qwert
: shld new lod[08:10 am] rusty : Since
2005, Sears has authorized $6.6 billion in
share buybacks, greater than its $3.9b
current market cap
[08:10 am] lightning : when is the feat of
strength, apple?
[08:10 am] rusty : AZO may be worth watching
on that basis
[08:11 am] apple : u tell me
[08:11 am] rusty : though I would be
surprised if it made a move
[08:28 am] joeytsa : yeah, things should be
slow overall
[08:35 am] qwert : joey you like your new
computer?
[08:35 am] joeytsa : thanks for your help
yesterday lightning..tons more questions
hah
[08:35 am] joeytsa : qwert: love it, just
getting used to having things in different
areas and not sure about esig just yet..need
more time with it
[08:37 am] qwert : is there a big difference
for you in execution speed
[08:37 am] mikewd2 -: IDCC
[08:38 am] joeytsa : haven’t really paid
attention qwert, not very active trading at
the moment for me
[08:40 am] qwert : thx joey just curious
[08:40 am] joeytsa : i expect things to be
smooth though….i’m having a hard enough
time finding my darn curser haha[08:41 am]
qwert : how many monitors
[08:41 am] joeytsa : 6 on this setup
[08:41 am] qwert : 3 over 3?
[08:41 am] joeytsa : every time i move it on
1chart..the cross hairs follow on all the
other charts
[08:42 am] joeytsa : yes 3 over 3
[08:42 am] qwert : yeah esignal does that
[08:42 am] lightning : joey, that is my
experience with esignal. the crosshairs on
all charts follow the cursor
[08:43 am] joeytsa : yeah i have a bunch of
? to ask then when i do a chat later…i
can’t figure out how to get the stock name on
the chart like Mitch has it…it only comes
up in the curser box
[08:44 am] joeytsa : i like the ma’s,
indis…not sure if have pivots/prev cl set
correctly to show lines
[08:48 am] lightning : joey, I’m not sure
how to get name up there….for me, whenever
I add a chart using new/advanced
chart/default, I get the name
automatically.
[08:49 am] joeytsa : maybe because i didn’t
use default…i used candlestick
[08:49 am] lightning : could be…I haven’t
added charts any other way.
[08:50 am] lightning : got it. Joey, right
click on the chart, select Edit Studies.
[08:50 am] lightning : Then highlight in the
left column the line with the symbol.
[08:51 am] lightning : In the editing
section, make sure “Display Description” is
checked.
[08:52 am] lightning : click apply and it
should now show the name next to the
symbol
[08:52 am] joeytsa : not yet..i might have
to find how to change the text since i am
using black background?
[08:53 am] joeytsa : but i also loaded each
chart from a template a saved and that name
is on top in the light blue area
[08:54 am] rusty : ECYT worth watching Jan
effect stock
[08:55 am] joeytsa : lightning: just changed
my background to white and there is the
name…i think i just have to find the
section to change that text
color..thanks[08:56 am] lightning : I think
I know how to change text color.
[08:56 am] lightning : Right click, Edit
Studies, highlight the Symbol again. Right
next to Display Description is something
called OHLC Background In Cursor Window. The
default is black. If you change it, it
changes the symbol/name color
[08:57 am] lightning : (I don’t know what
else it changes though, lol)
[08:57 am] joeytsa : got it thanks
[08:57 am] joeytsa : do you keep the cursor
box up
[08:58 am] lightning : Is that the box that
has all the descriptions/colors for
everything you have on the chart? If so, I
take it off.
[08:59 am] joeytsa : yeah..i set it so only
certain stuff is up, but might hide it
[08:59 am] lightning : once you get used to
the lines/colors you have on the chart, you
won’t need it
[09:00 am] rusty : RAM volume declining
[09:00 am] joeytsa : yeah trying to get that
and a line to show market open time…the
chat guy will wish he didn’t come to work
today haha[09:00 am] rusty : + second day
with inverted hammer type candle
[09:01 am] lightning : market open time?
Don’t know how to do that.
[09:24 am] rusty : RIMM new hod[09:30 am]
apple : nice on IDCC
[09:30 am] skydiver : Thanks Ed
[09:31 am] Ed : no problem
[09:36 am] lightning : SPPI is spiking
[09:43 am] skydiver : SPPI daily chart for
one year looks interesting – thanks light as
well
[09:46 am] weston : PLL
[09:47 am] weston : PLL spiking
[09:49 am] zentrader : seems too thin
weston[09:50 am] lightning : SHLD making yet
another move down
[09:52 am] skydiver : I shorted SPPI at
15.10, but awful low volume over all today
[09:53 am] weston : ah … thanks zen[09:54
am] chinhngo : can i short trip at 25.77
?
[09:56 am] khall : check out AWAY – up
10.65% today
[09:57 am] apple : very nice, missed it
[10:02 am] skydiver : al out of S SPPI 15.10
– covered 14.95 – have to depart – may see
you all last hour today. Adios
[10:05 am] rusty : Airlines weak today
[10:34 am] rusty : I’m not sure if I
mentioned this one but am slowly covering
DROP
[10:34 am] rusty : no rush
[10:35 am] Ed : think u did middle of
month
[11:04 am] rusty : BWS light radar
[11:05 am] rusty : nothing to write home
about
[11:05 am] rusty : DISCA had a small V
bottom…missed it
[11:08 am] rusty : SPY 51M volume – among
lowest volume days of year
[11:40 am] rusty : guy on CNBC just gave
FSLR a $20 target
[11:40 am] rusty : when it was 120 he gave
it 150 target
[11:41 am] rusty : and CNBC doesn’t ask him
about that of course
[11:41 am] Ed : they are “experts” after the
fact
[11:43 am] rusty : CNBC = zero
accountability
[11:48 am] go4it : What is the formula for
determining an equity curve?
[11:50 am] lightning : no idea go
[11:50 am] apple : thx, MK, K, B,, E and
everyone for all your help. Leaving early to
see the Nutcracker. Everyone have a
wonderful evening.
[11:53 am] go4it : Light; It must be
something like total p/l divided by total
cost basis
[11:57 am] rusty : FPP chart similar to
RAM…unfortunately not a lot of volume
[11:57 am] go4it : Mitch, Kris, Brent, Ed
What about “Equity Curve”
[11:57 am] rusty : worth watching anyway
[11:59 am] joeytsa : go4it: there is some
stuff on google, not sure that’s what you are
looking for
[12:01 pm] lightning : go4it, it looks like
there were some equity curve generators
mentioned, but it seems that the two I were
finding are disabled.
[12:01 pm] lightning : on google.
[12:01 pm] go4it : Thanks Joey! I just want
to measure how I’m doing.
[12:01 pm] Ed : depends on what ur looking
for there are calculators u can google, some
platforms will figure it as well
[12:02 pm] joeytsa : if you are in the
black..you are doing well 🙂
[12:02 pm] joeytsa : if in the red…get
things back to black asap 🙂
[12:02 pm] rusty : check your account
balance every night
[12:02 pm] rusty : if its higher than
previous day you are doing good
[12:02 pm] Ed : for ex. some platforms will
show a graph
[12:02 pm] go4it : Thanks I was wondering
what the formula was but I guess it’s
complicated huh
[12:03 pm] chinhngo : rusty this is basic
rules
[12:03 pm] go4it : lol Rusty I’m thinking
for the year
[12:04 pm] skydiver : NFLX is looking a bit
toppy to me
[12:04 pm] rusty : shouldn’t be so
complicated
[12:04 pm] go4it : as a percentage?
[12:05 pm] Ed : ur plaftorm should have what
ur looking for
[12:06 pm] go4it : I have T/S and L/S Ed
[12:06 pm] Ed : is t/s tradestation[12:06 pm]
go4it : yes
[12:07 pm] Ed : just go into trademanager
analysis and it will give u from day 1 if u
like
[12:08 pm] go4it : thanks Ed
[12:08 pm] Ed : no problem
[12:10 pm] joeytsa : go4it: also important
to maybe chart is which strategies you do
best with, what time of day you do best, or
time of year etc[12:11 pm] joeytsa : you can
do some of that with daily journaling and
reviewing it
[12:11 pm] skydiver : Shorted NFLX 71.66 –
shot from the hip on that one
[12:11 pm] go4it : Joey; Eventually but I’m
only daytrading since July 2011
[12:12 pm] skydiver : out 1/2 NFLX 71.51
[12:12 pm] joeytsa : best time to
start…journal every trade
[12:12 pm] joeytsa : good price sky
[12:12 pm] skydiver : see how I do on my
last half 🙂 – gunslinging mode today
[12:13 pm] skydiver : Okay skydiver —
discipline yourself!!
[12:13 pm] joeytsa : go4it: you may discover
a profitable pattern that you can then
exploit
[12:13 pm] joeytsa : sky: are you trailing
the stop down?
[12:14 pm] skydiver : Yes — joey ! but
thanks for reminding me!! 🙂
[12:14 pm] joeytsa : good job, you are risk
free then
[12:14 pm] skydiver : awful low volume today
– holidays I guess
[12:14 pm] joeytsa : yeah, not trading
myself…working on charts etc[12:15 pm]
skydiver : good day for that type of work
joey —
[12:15 pm] joeytsa : expect the same next
few days
[12:17 pm] skydiver : Yeah — I need to work
on getting some more hardware for my setup
soon. I have been using three laptops with a
large screen as well
[12:17 pm] skydiver : all out of NFLX
[12:17 pm] skydiver : stopped out
[12:17 pm] skydiver : but in the money 🙂
[12:17 pm] joeytsa : nice little
profit….trying to be streamlined
here…should be all set by next week
[12:38 pm] lightning : VHC alert
[12:41 pm] 1hl4561 : Hi, Do you have sound
on now?
[12:42 pm] lightning : 1, it can only ring
when one of the moderator posts.
[12:42 pm] 1hl4561 : So nobody is talking
about the Stock trade?
[12:43 pm] lightning : at the end of the
day, there are fewer trade ideas.
[12:43 pm] lightning : the best time is the
first 90-120 minutes.
[12:43 pm] lightning : sometimes something
will spike or drop mid-day or later — like
VHC
[12:47 pm] lightning : big TWC jump and then
retreat
[12:47 pm] Mitch K: i don’t like to take a
new position this late 1hl
[12:47 pm] lightning : maybe a bad tick
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