[06:13 am] Brent : Good morning
[06:14 am] Ed : good morning
[06:23 am] Kris : good morning
[06:24 am] Kris : short side I’m watching
IDIX, CPHD, F, BMY, CRK and EA
[06:24 am] Kris : Today I’m watching for long
trades in BAM, ARW, CELL, RVBD, JNPR and
HAL
[06:29 am] Mitch K: RIG bouncing
[06:30 am] Kris : JNPR long half
[06:31 am] Kris : CELG short half
[06:31 am] Kris : IDIX long half
[06:32 am] Kris : PG short half
[06:33 am] Kris : TKR long half
[06:33 am] Mitch K: looking at INVN for
short, turning over
[06:33 am] Mitch K: watching SIVB for top to
short
[06:34 am] Kris : out half JNPR long
[06:34 am] Kris : watching RIG for a long
[06:34 am] Mitch K: watching CYT for top to
short
[06:34 am] Mitch K: watching RIG for long
entry
[06:34 am] Mitch K: watching SODA for bottom
to buy
[06:34 am] Mitch K: watching TKR for top to
short
[06:35 am] Kris : out half IDIX long
[06:35 am] Mitch K: monitoring CPX
[06:35 am] Mitch K: monitoring RMD
[06:35 am] Mitch K: watching for bottom in
ARBA
[06:35 am] Mitch K: watching for bottom in
SODA
[06:36 am] Kris : out another 1/4 IDIX
long
[06:36 am] Kris : out another 1/4 JNPR
long
[06:36 am] Mitch K: consider covering half of
TKR if short
[06:36 am] Mitch K: monitor other education
stocks besides DV, APOL, CECO
[06:36 am] Mitch K: watching DV for top
[06:37 am] Kris : AMZN long half
[06:37 am] Kris : BIDU long half
[06:37 am] Mitch K: RYL short here soon
[06:37 am] Mitch K: watching CPX for top to
short
[06:37 am] Mitch K: watching FSLR for top
[06:38 am] Kris : NFLX short half
[06:38 am] Mitch K: CYT turning over
[06:38 am] Mitch K: monitoring WCC
[06:38 am] Mitch K: RYL top here to short
[06:38 am] Mitch K: SIVB should break below
55
[06:39 am] Kris : AMZN pushing new highs
[06:39 am] Kris : looking for 49.30 in RIG
long
[06:39 am] Mitch K: looking for CPHD to
dribble down today
[06:39 am] Mitch K: RVBD going to be tough
bottom to buy
[06:39 am] Mitch K: watching LM for
bottom,
[06:40 am] Kris : MCP long half
[06:40 am] Kris : out half AMZN long
[06:40 am] Mitch K: watching IDIX for top to
short
[06:41 am] Kris : don’t short MCP
[06:41 am] Kris : JNPR new hod[06:41 am]
Mitch K: CYT toppy
[06:41 am] Mitch K: FSLR topping
[06:41 am] Mitch K: RYL toppy
[06:41 am] Mitch K: watching IDIX closely
here, should turn over
[06:41 am] Mitch K: watching MCP for top to
short
[06:42 am] Kris : MCP buyout rumor
[06:42 am] Kris : out half BIDU long
[06:42 am] Kris : out half MCP long
[06:43 am] Kris : NFLX weak against the
market
[06:43 am] Mitch K: SODA turning up
[06:43 am] Mitch K: watching OAS for top on
this bounce
[06:44 am] Kris : watching RIMM for a
short
[06:44 am] Mitch K: LM bottoming
[06:44 am] Mitch K: SPY bouncing
[06:45 am] Kris : looking for new hod in
TKR
[06:45 am] Kris : new hod TKR
[06:45 am] Mitch K: watching NRGY for top
[06:47 am] Kris : JOE news
[06:47 am] Kris : watching FSLR for a
short
[06:47 am] Mitch K: RHI bouncing but too late
to buy, monitor for top to short later
[06:47 am] Mitch K: watching WMS for top
[06:47 am] Mitch K: WMS going to run a
while
[06:48 am] Kris : FSLR gonna be juicy
short
[06:48 am] Mitch K: IDIX toppy
[06:48 am] Mitch K: JOE toppy for short
[06:48 am] Mitch K: Watching CCI for top
[06:49 am] Kris : MCP consolidating, look for
a break to new hod[06:49 am] Kris : NFLX new
lod[06:49 am] Mitch K: SIVB turning over
[06:49 am] Mitch K: WMS toppy sooner than
expected
[06:50 am] Kris : RIMM starting to look juicy
for a short
[06:50 am] Kris : SPY starting to turn over a
little here
[06:50 am] Mitch K: consider covering UPL if
short
[06:50 am] Mitch K: Expecting MCP to break
below 31
[06:51 am] Kris : ADSK short half
[06:51 am] Kris : expecting MCP to hold
31.00
[06:51 am] Kris : FSLR turning over
[06:51 am] Mitch K: expecting LM to be fairly
strong bounce
[06:51 am] Mitch K: FSLR turning over
[06:51 am] Mitch K: monitoring ACE
[06:52 am] Mitch K: just a little more
downside on JOE but if doesn’t drop soon,
cover all
[06:52 am] Mitch K: SODA not a beverage
company, bounce holding up so far
[06:53 am] Kris : DMND long half
[06:53 am] Kris : missed DMND, don’t chase
it
[06:54 am] Kris : FSL running
[06:54 am] Mitch K: looking for JBHT to drop
more
[06:55 am] Kris : nice swing btw
[06:55 am] Kris : thanks rusty
[06:55 am] Mitch K: monitoring ABFS but
guessing any bounce will be weak but
watching
[06:55 am] Mitch K: SODA turning over
consider selling
[06:56 am] Kris : watching for a long in
SHLD
[06:56 am] Mitch K: consider reducing LM if
long
[06:56 am] Mitch K: slow dribble down in
CYT
[06:56 am] Mitch K: watching for top in TSRA,
lower vol[06:57 am] Mitch K: little more
downside on SIVB
[06:57 am] Mitch K: SIVB chart on right, 2
min
[06:58 am] Kris : RIMM short half
[06:59 am] Mitch K: closing LM
[06:59 am] Mitch K: CYT dribbling down
more
[06:59 am] Mitch K: taking ABFS off my
screen, no room,
[06:59 am] Mitch K: watching for short in CLF
bounce
[07:00 am] Kris : out all MCP long
[07:00 am] Mitch K: CCI turning over
[07:00 am] Mitch K: watching low vol DLLR
spike
[07:01 am] Kris : use a trendline on WMS
[07:01 am] Kris : watching WMS for a short, a
little more advanced reversal based on price
action but should give a nice retracement
[07:01 am] Mitch K: Are we giving you too
many ideas?
[07:01 am] Mitch K: or is that like asking if
that’s too much money
[07:02 am] Kris : SNDK weak
[07:02 am] Kris : SPY selling off a little
here, see if we can test lod support
[07:03 am] Kris : out half RIMM short
[07:03 am] Mitch K: consider covering CLF if
short, anywhere around here 71.60 area
[07:03 am] Mitch K: most of time SIVB acts
same way, excellent scalping stock
[07:04 am] Mitch K: CYT is slow dribble
mode
[07:05 am] Kris : CCI running
[07:06 am] Mitch K: vol dropped off, in
freeze dried mode, hmm
[07:07 am] Kris : watching CCI for a short
[07:07 am] Kris : watching NRGY for a long
[07:08 am] Kris : NRGY could be a good short
the bounce too if it sets up right
[07:08 am] Mitch K: attaboy JOE
[07:09 am] Kris : out another 1/4 RIMM
short
[07:09 am] Mitch K: consider covering SIVB
[07:10 am] Kris : come on down NRGY, keep
coming
[07:10 am] Kris : good eye qwert[07:11 am]
Kris : out all RIMM short
[07:11 am] Mitch K: we try to focus on giving
you new ideas and maybe some commentary to
[07:11 am] Mitch K: you newer people in
Trading Room, do you know to take care of
your own closing transactions? Don’t wait
for us to make call to close ok?
[07:12 am] Kris : I’m looking for the long in
NRGY, just like it building more money and
pressure
[07:12 am] Kris : not in yet
[07:13 am] Mitch K: watching FII drop
[07:14 am] Kris : getting ready for short in
WMS
[07:14 am] Mitch K: when i put a 1 and 2 min
chart of same stock next to each other, means
I’m really interested
[07:15 am] Mitch K: starting to lose patience
with CCI. you know what that means don’t
you? means to keep watching it
[07:16 am] Kris : WMS like that plane going
straight up and about to go tail first down
through its smoke trail
[07:16 am] Mitch K: CYT, consider covering
[07:17 am] Kris : NRGY long half
[07:17 am] Mitch K: FII wimpy, no action
[07:17 am] Mitch K: losing patience again
[07:17 am] Mitch K: may all your short scalps
look like SIVB
[07:18 am] Mitch K: forget FII
[07:19 am] Mitch K: covering JOE short
[07:20 am] Kris : WMS short half
[07:22 am] Kris : NRGY long second half
[07:22 am] Kris : watching XL for a long,
want more money in it first
[07:24 am] Mitch K: watching WBC for top
[07:25 am] Mitch K: EMN worth smaller short,
dribble effect today
[07:25 am] Mitch K: INFA too but best to wait
for rebound on INFA
[07:26 am] Kris : for you lunatics
[07:26 am] Kris : VSTM new IPO today
[07:27 am] Kris : reducing half NRGY here,
lagging just a little
[07:27 am] Kris : so it should run now
[07:27 am] Kris : what is facebook?
[07:28 am] Kris : is that like a yearbook?
[07:28 am] Mitch K: monitor SIVB for 2nd
helping short
[07:29 am] Kris : Victor Sierra Tango Mike
[07:29 am] Mitch K: Kris what was that IPO
symbol, VSTM doesn’t look right
[07:30 am] Kris : priced at 10.00
[07:30 am] Kris : Verastem IPO
[07:30 am] Mitch K: yeah i got a quote of
4.12
[07:31 am] Kris : I don’t think it’s open yet
mitch[07:31 am] Mitch K: JAZZ spiking,
watching for top
[07:31 am] Mitch K: taking break, going to
get some Ginko Biloba[07:33 am] Kris : FII
long half
[07:38 am] Kris : WMS short second half
[07:38 am] Mitch K: RHI bottom here
[07:40 am] Kris : out all NRGY long
[07:40 am] Kris : SPY selling back into
support again
[07:43 am] Kris : out half WMS short
[07:46 am] Kris : SPY breaking support,
heading for lod[07:58 am] Mitch K: DNDN
top
[07:58 am] Mitch K: looking for short in
DNDN, quickie
[08:00 am] Mitch K: forget DNDN short idea
[08:02 am] Mitch K: CCI toppy
[08:03 am] Mitch K: approach CCI as repeated
small trades, buy on dip mentality
[08:10 am] Kris : looking for WMS to continue
to trickle down. last target will be
23.02
[08:11 am] Mitch K: if you went short CCI
looking to cover here 48.50 area
[08:11 am] Mitch K: watching INFA for
short
[08:12 am] Mitch K: INFA top here
[08:14 am] Kris : look to take a little
profit here on WMS short and save a piece for
23.00 test
[08:36 am] Brent : SGEN moving
[08:38 am] Kris : SPY lower highs building
into support, looking for a break to new
lows
[08:39 am] Brent : watching BID for a
bounce
[08:43 am] Brent : SPY approaching lod[08:44
am] Kris : CCL coming into support
[08:48 am] Brent : consider reducing BID
[08:54 am] Kris : watch SNDK for a breakout
to new hod, tight consolidation
[09:15 am] Ed : watching QCOR
[09:28 am] Mitch K: good eye Eddie money
[09:29 am] Ed : covering 1/2 QCOR short
[09:30 am] Ed : covering 1/4 QCOR short
[09:41 am] Brent : consider reducing more BID
if still long
[09:56 am] Ed : out all QCOR short
[10:00 am] Kris : nice one eddie money
[10:36 am] Mitch K: SODA spiking
[10:50 am] Ed : SINA moving
[11:52 am] Brent : I’ve got to head out
early, have a great weekend, see you
Monday
[11:56 am] Ed : if u got shares short of SINA
would cover some here
[12:15 pm] Ed : BIDU SINA SOHU hod[12:17
pm] Ed : SPY hod[12:34 pm] Ed : VPRT
moving
[12:41 pm] Ed : CPHD hod
|
[06:13 am] joeytsa : advance gdp q/q 2.8%
withe 3% forecast
[06:14 am] joeytsa : price index was off,
revised uof m at 6:55 pst[06:15 am] sein : i
have a question. how u claim day trade profit
lost in tax returns?
[06:16 am] joeytsa : gap up:
CPHD,INFA,KLAC,CPHD,RIG
[06:16 am] mhaus : sein, you claim them as
capital loss
[06:17 am] mhaus : the losses can be claimed
against earnings from stock in any year
[06:17 am] joeytsa : gap down:
RVBD,BVSN,INFI,HON,SBUX,CVX
[06:17 am] mhaus : but against you other
income at $3000 a year
[06:18 am] joeytsa : CPHD seems like the
biggest mover, seems like on decent
release
[06:19 am] mhaus : joey, also LULU,GM and
JOE
[06:19 am] joeytsa : thanks mhaus, saw LULU
forgot
[06:19 am] apple : SOA moved over 8 pts,
followed by CPHD
[06:19 am] mhaus : FOSL another one
[06:20 am] mhaus : SINA
[06:20 am] khall : F down 5.49
[06:20 am] khall : 5.49% that is
[06:20 am] sein : Mhaus, it doesn’t matter
day trade or position trade?
[06:20 am] joeytsa : rarely play GM.JOE
that’s why i didn’t even pay attention
haha[06:20 am] apple : JOE can be tough
[06:20 am] khall : JNPR is also down 10%+
after earnings
[06:21 am] mhaus : JOE has a lot of
pre-market activity today
[06:27 am] joeytsa : the ES tried for 1320
overnight and failed, low of 1307, currently
at 1309 area
[06:28 am] joeytsa : CPHD pulling back a
bit
[06:29 am] joeytsa : looks to have some room
on the daily for move higher?
[06:30 am] joeytsa : RIG moving on a the BP
ruling
[06:33 am] shark : INVN alert
[06:34 am] joeytsa : GS moving nice off
bottom
[06:35 am] joeytsa : RIG sitting on prev
high
[06:35 am] apple : beautiful on GS joey
[06:35 am] joeytsa : yeah, saw it too late
though
[06:36 am] lightning : out 1/2 JNPR long
[06:36 am] apple : me too, need to keep an
eye on it, now it’s turning over
[06:36 am] rusty : FSLR hod[06:37 am] shark
: GLD, SLV looking nice
[06:37 am] rusty : CIGX lod[06:37 am]
joeytsa : BIDU,CRM strong so far
[06:38 am] joeytsa : NFLX falling
[06:38 am] shark : RVBD down 21%
[06:38 am] joeytsa : from where shark?
[06:39 am] lightning : all out JNPR
[06:39 am] shark : from yesterday close
[06:39 am] rusty : BIDU spike up
[06:39 am] shark : OK, THX MITCH
[06:39 am] joeytsa : gotya..i was looking at
RIG haha[06:40 am] apple : RVBD dropped from
30 to about 23 this am
[06:40 am] skydiver : UPL – take over
chatter
[06:41 am] lisas : yeah, don’t short mcp!
[06:41 am] skydiver : CRM climbing nicely
🙂
[06:42 am] joeytsa : WMS quick $1 move
[06:42 am] joeytsa : BIDU was nice
[06:42 am] skydiver : MCP – take over
chatter again
[06:43 am] apple : WMS still moving
[06:44 am] joeytsa : RIG coming into some
res
[06:44 am] joeytsa : made a nice little move
off prev high
[06:45 am] lightning : out 1/3 SODA long
[06:46 am] joeytsa : WMS still moving, a bit
toppy
[06:46 am] observer : SLW hod[06:47 am]
rusty : FSLR radar
[06:47 am] lightning : S CPX
[06:48 am] joeytsa : mhaus: nice call on JOE
premarket !!!
[06:49 am] joeytsa : CRR making a double
bottom, looks weak though
[06:50 am] apple : nice turnover move on
WMS
[06:51 am] lisas : Michigan sentiment at
10:00, sometimes comes out early
[06:51 am] joeytsa : about 5 minutes
early
[06:52 am] joeytsa : i have it listed as
9:55 est[06:52 am] lightning : S FSLR
[06:53 am] lisas : 9:55 is correct
[06:53 am] lightning : lol, stopped FSLR
[06:54 am] joeytsa : beauty rebound on
WMS
[06:54 am] rusty : lotta people getting
excited looking at FSLR daily chart
[06:54 am] lightning : i think you are
correct rusty
[06:54 am] joeytsa : light: those strong
ones are tough to short
[06:55 am] lightning : no worries, it was
just 1/2 position. not much hurt
[06:55 am] rusty : selling rest of FSLR
swing from 36
[06:55 am] rusty : that should send it
higher
[06:56 am] joeytsa : CLF nice move
[06:58 am] rusty : NRGY radar
[06:58 am] shark : VIX -lod[06:58 am] rusty
: NRGY
[06:58 am] rusty :
http://www.businessweek.com/news/2012-01-27/s
olar-ceos-see-boom-in-china-will-ease-glut-in
-2012-energy.html FSLR
[06:58 am] joeytsa : speaking of CAT
hod[06:59 am] joeytsa : might blast thru
$112
[06:59 am] joeytsa : watching GS on this
small cons
[07:00 am] joeytsa : GS sitting just under
res, see what market does
[07:00 am] shark : GOOG bounced off of 200
day ma yesterday, nice for short or swing
trade
[07:00 am] joeytsa : market upmove could
lift GS to $111?
[07:01 am] shark : KEEP ‘EM COMING MITCH!
[07:01 am] joeytsa : WMS just a nice run
[07:02 am] shark : SPY turning over
[07:03 am] joeytsa : yeah shark..and so di
GS just like clockwork
[07:04 am] Kris : GS a good long over
111.00
[07:04 am] joeytsa : agreed Kris, might dip
toe in at $110
[07:04 am] joeytsa : $109.89 is next res
level
[07:06 am] rusty : DMND red
[07:06 am] joeytsa : ES trying to hold
1310..theres that number again
[07:06 am] rusty : AUTH spike
[07:07 am] joeytsa : eye on WMS…
[07:07 am] joeytsa : still moving higher,
but neg div on both stochs/macd[07:08 am]
joeytsa : AAPL,BIDU,AMZN,GS all sitting on
vwap[07:09 am] joeytsa : same with FSLR
[07:10 am] qwert : bmy near yesterday’s
low
[07:11 am] apple : nice call on NRGY K
[07:11 am] garyb : ok Mitch… 😉
[07:11 am] shark : INVN nice drip down 🙂
[07:12 am] lightning : watching FII drop
[07:14 am] apple : Mk now we got it
[07:15 am] shark : no wonder SBUX down
[07:18 am] joeytsa : funny, SBUX actually
had a nice report
[07:18 am] skydiver : fii[07:19 am] observer
: higher high SLW
[07:19 am] shark : Joey, I think it’s the
concept of no new earnings for 3 mo’s why
rush?
[07:19 am] skydiver : is FII a dead cat
bounce?
[07:19 am] joeytsa : agreed shark…
[07:19 am] shark : just a dead cat, no
bounce, sky
[07:19 am] joeytsa : going to be interesting
to see how liquor sales add to the bottom
line
[07:19 am] Kris : FII nice setup, I’ll trade
that soon, just not done selling off
[07:20 am] mhaus : JOEy, did you trade
JOE?
[07:20 am] joeytsa : no, but your call was
great !!
[07:22 am] khall : GS is pulling back
here
[07:26 am] lightning : S WMS
[07:26 am] joeytsa : TJS making highs on
daily, nice uptrend
[07:27 am] mhaus : Thx Kris. I will wait for
the Facebook IPO
[07:27 am] joeytsa : MNST: this
consolidation/potential pullback might set up
a nice push higher running into the split
[07:28 am] lightning : stopped WMS
[07:29 am] joeytsa : light: shorting strong
stocks is tough 🙂
[07:29 am] apple : we found that out the
hard way
[07:30 am] joeytsa : i didn’t get a short
signal on WMS?
[07:30 am] lightning : FII new lows
[07:30 am] Kris : look at the 200 day
simple
[07:30 am] shark : nice, Kris -waiting
[07:30 am] Kris : tops gonna be a little
dicey on a move that size
[07:30 am] joeytsa : NFLX moving
[07:30 am] apple : shark is always waiting
to pounce
[07:30 am] khall : NFLX going up
[07:30 am] shark : 4.12 me too
[07:31 am] lightning : ok, thanks
[07:31 am] shark : can smell the money,
apple
[07:31 am] Kris : also, market is holding it
up a little more here
[07:31 am] shark : just a drop is all it
takes
[07:31 am] sein : pls advise me, where
should i place stop for my EXC long?
currently i set at 39.20 and it is
approaching. yesterday MDP stopped out
[07:32 am] joeytsa : WMS kind of qualifies
as a bit of a breakout on daily
[07:32 am] apple : now FII seems to be
moving…
[07:32 am] rusty : PROT on close watch
[07:32 am] joeytsa : trying to fill gap from
aug drop
[07:33 am] shark : LULU building some
strength back to all time high, slowly
[07:33 am] sein : i swing trade with real
money
[07:33 am] skydiver : I’m L FII 17.52
[07:33 am] joeytsa : shark: aiming for $65
on LULU?
[07:34 am] Kris : are you full position sein
and at what price are you long?
[07:34 am] sein : seems i always pick the
wrong one. yes full position at 40.15
[07:35 am] mhaus : NFLX having a better
morning
[07:35 am] Kris : stop under 38.45
[07:35 am] mhaus : it was hammered
yesterday
[07:35 am] joeytsa : nice move on the push
above prev cl
[07:35 am] Kris : and re-examine your swing
trade strategy
[07:36 am] joeytsa : mhaus, on NFLX, look
how it got above prev cl, consolidated on
lower vol, that was nice
[07:36 am] sein : how to reexamine? i picked
from DSR
[07:36 am] mhaus : watching RHI
[07:36 am] Kris : don’t go in with all your
chips on the first hand
[07:37 am] Kris : build into the position
[07:37 am] Kris : and diversify your trading,
you need to have 8-10 swings going so spread
it out
[07:37 am] joeytsa : MNST touching $198
[07:37 am] Kris : or you’re going to
experience more heat and frustration
[07:37 am] joeytsa : $108 i mean
[07:37 am] Brent : smaller size positions and
more of them in my opinion
[07:38 am] joeytsa : great advice
Kris/Brent
[07:38 am] garyb : Good stuff Brent/Kris
[07:38 am] joeytsa : shark: indis are high,
wait for the push
[07:38 am] skydiver : stopped out on FII
[07:39 am] shark : no dead cat bounce, just
death by a thousand shark bites
[07:39 am] joeytsa : NFLX still running
[07:39 am] joeytsa : NFLX might get toppy
[07:40 am] shark : VOLUME HUGE on NFLX,
joey
[07:40 am] shark : look on 10min chart
[07:40 am] sein : Kris and Brent, if i start
small and add up later i may miss the good
price when it moves in my direction and i
have to pay commissions
[07:40 am] joeytsa : yeah, i wont short it
here
[07:40 am] joeytsa : if it was closer to
that 119.37 price maybe
[07:41 am] Kris : you average in a little
high but you have a much better win rate
percentage
[07:41 am] Kris : you add on higher lows or a
pullback to test support
[07:41 am] apple : it sounded good,
tho[07:42 am] Kris : use the price action to
determine your action
[07:42 am] Kris : would you rather have half
of +10%
[07:42 am] Kris : or all of -20%
[07:42 am] Kris : 9 times out of 10
[07:42 am] joeytsa : amen kris[07:42 am]
skydiver : good teaching Kris
[07:42 am] Kris : you’ll do much better
averaging in and out of your positions
[07:42 am] apple : thx K, you are so
right
[07:43 am] sein : thx again Kris. i know ur
busy. won’t bother you at this time
[07:43 am] rusty : if you are concerned
about commissions on swingtrade then
something is wrong
[07:44 am] lightning : sein, it also helps
if you have a brokerage firm with a good
commission rate. I pay $1-$4 per trade
depending on size
[07:44 am] joeytsa : good points rusty,
lightning
[07:45 am] shark : NFLX consolidating
[07:45 am] lightning : in the Documents
folder (lower right), there is a recommended
brokerage document
[07:46 am] shark : thx, lightning -great
reminder
[07:46 am] rusty : doesn’t make sense on one
hand to worry about commission and on other
hand to worry that you don’t have enough
size
[07:46 am] sein : i have small account.
trying to trade starting with swings, but all
stopped out. now i hold EXC which seems no
good
[07:46 am] rusty : if your account is small
then you need to be patient and wait for the
best swings/ideal setups
[07:47 am] apple : great advice rusty
[07:47 am] skydiver : out 3/4 WBC S – moving
stop down
[07:47 am] shark : once they break below
200day, watch out. mutual funds sell at that
point
[07:47 am] skydiver : thnx shark – didn’t
know that about mutual funds
[07:47 am] rusty : mutual funds sell at the
bottom too 🙂
[07:48 am] skydiver : bottom rusty? ok
[07:48 am] rusty : yes, just look at their
performance
[07:48 am] skydiver : gotcha rusty – will do
study that out
[07:48 am] Kris : no, I don’t think so
rusty
[07:48 am] rusty : most mutual funds
underperform the index
[07:49 am] eyes : There was so many Ideas
today I tried to take a lot of the and got
burned-690
[07:49 am] Kris : I think it’s just they pay
high commissions
[07:49 am] rusty : i think you are incorrect
kris[07:50 am] shark : sein- start with
strong stocks and look to buy,
[07:50 am] apple : eyes, you did not get
burned – you learned
[07:50 am] shark : weak stocks, look to sell
– sein[07:50 am] rusty : Standard &
Poor’s released its latest Indices Versus
Active Funds Scorecard today, and the
headline result is the same one delivered by
almost every study of mutual fund performance
since the 1960s: Most actively managed mutual
funds underperform the market.
[07:50 am] shark : not just on intraday, but
also on daily
[07:50 am] joeytsa : good point about mutual
funds etc[07:50 am] mhaus : eyes, don’t try
to catch all trades. Will not work
[07:50 am] mhaus : Look for some good ones
like SIVB and go with those
[07:51 am] khall : sorry eyes
[07:51 am] apple : eyes, be
discriminating… just like shark said above,
strong stocks
[07:51 am] shark : LULU hod, joey!
[07:52 am] mhaus : Kris, you will make money
on 90% of those shorts
[07:52 am] joeytsa : yeah kris..when all the
money pours into mf’s..might be time to
short
[07:52 am] joeytsa : vice versa
[07:53 am] apple : GMCR had a nice run up
today
[07:53 am] rusty : According to a past
speech by mutual fund giant John Bogle, 85%
of active professionals fail to beat the
market by three percentage points. Other
studies simply show that 75% of active money
managers fail to beat the S&P 500 index.
[07:53 am] rusty : Mutual funds = ponzi
scheme
[07:54 am] shark : I believe in commission
pay only, rusty
[07:54 am] Kris : they are like 300 foot
paddle steamers on the klondike[07:54 am]
apple : sounds definitely like it, rusty —
and they still have jobs and get bonuses
[07:54 am] Kris : bloated slow and full of
money about to crash into the rocks
[07:54 am] scalpman : JAZZ spiking
[07:54 am] mhaus : JAZZ going strong
[07:54 am] apple : what a team!
[07:55 am] mhaus : Also CCI
[07:55 am] shark : looks like everybody sold
SBUX – bought GMCR
[07:55 am] rusty :
http://stocks.investopedia.com/stock-analysis
/2012/Index-Your-Way-to-Success-VTI-EFA-EEM-F
XI-EWZ-VFINX0109.aspx?printable=1
[07:56 am] shark : must be for the thrill of
the earnings report on Feb 1 -GMCR
[07:56 am] apple : NFLX dropping
[08:01 am] mhaus : CCI turning
[08:02 am] shark : AGQ very good today
[08:03 am] observer : yes. also SLV SLW
[08:03 am] skydiver : CRM – nice one today
as well
[08:03 am] mhaus : yes. AGQ is near its high
before the split
[08:06 am] lightning : another big, big down
day for CRR
[08:09 am] shark : INVN all out short at
13.83,
[08:09 am] shark : missed move back up
[08:12 am] shark : NFLX looking toppy
[08:14 am] mh : mitch you’re on your game
today love it
[08:15 am] skydiver : CRR bounced
[08:15 am] qwert : arw close to breaking out
on daily
[08:17 am] apple : right after you said
that, lite, nice move up on CRR! magic
[08:17 am] rusty : covered CIGX
[08:17 am] klas : Shark nice nflx[08:17 am]
eyes : SIVB turning
[08:19 am] apple : nice moves on INFA
[08:23 am] skydiver : CRR just breaking
VWAP
[08:23 am] skydiver : out 3/4 CRR L
[08:23 am] skydiver : moving stop up
[08:24 am] observer : watching SYNA for turn
over
[08:24 am] eyes : Ssivb 55.98 out Half 1%
[08:25 am] scalpman : DNDN Spike
[08:26 am] rusty : Airlines should be kept
on radar
[08:27 am] rusty : Index hod[08:28 am] eyes
: Out BE second Half SIVB
[08:28 am] mh : s INFA 44.3
[08:29 am] rusty : BCRX NVAX momentum day
traders look like they are getting
interested
[08:30 am] observer : SYNA way too
resilient, no go
[08:31 am] skydiver : FII finally
climbing
[08:32 am] skydiver : past my entrance buy
🙂
[08:32 am] apple : smart sky
[08:32 am] shark : sure took a while
[08:32 am] skydiver : lot of patience on
that one
[08:32 am] shark : you are the patience guru
here
[08:33 am] observer : been that kind of a
day sky
[08:33 am] skydiver : yes observer – sure
has
[08:33 am] sein : I’m sorry to bother you
again. i lost my connection and when reload
the trading room all the chats are gone. i
set the stop for 38.85 for EXC, is it OK?
[08:33 am] shark : yeah, and don’t get any
“dead cat bounce” ideas over the weekend
[08:35 am] shark : sein- depends on a bunch
of stuff- are you swing long EXC or just
today?
[08:35 am] skydiver : SPY dropping
[08:35 am] sein : swing long from yesterday.
Kris posted the stop but lost in connection
cut
[08:37 am] shark : when did he post the
stop, sein?
[08:37 am] apple : sein he said 38.45
[08:37 am] sein : around 8 am i think
[08:38 am] Kris : hey sorry, was grabbing a
cup of coffee
[08:38 am] rusty : PZZI radar – spike up
[08:38 am] Kris : stop under 38.45
[08:38 am] murano : BID
[08:38 am] sein : thx Kris
[08:40 am] sein : one question Kris, how you
find that support. i’ll find myself next
time
[08:41 am] Kris : just under wednesday’s
low
[08:43 am] mhaus : KMP
[08:44 am] sein : my silly idea. if EXC has
any chance to go up, how about adding more
here?
[08:44 am] Kris : if you hadn’t already
entered a full position this spot would be a
good place to add some
[08:46 am] sein : i did full position. but
trying to cover my previous losses
[08:47 am] mhaus : FOSL and SINA
[08:48 am] jimmyp : anyone have input on
going S INFA
[08:49 am] joeytsa : jimmy: scalp or
swing?
[08:49 am] jimmyp : scalp
[08:49 am] sein : yesterday, i had the same
idea to add more on MDP. if i did so my loss
would be bigger
[08:49 am] Kris : I don’t like this sideways
action in INFA here, acting strong against
the market
[08:49 am] Kris : I would pass here
[08:49 am] jimmyp : thanks
[08:49 am] joeytsa : agree with kris[08:50
am] joeytsa : plus it’s been
strong…trading above yest highs
[08:50 am] joeytsa : it is coming into
downtrend res on the daily?
[08:50 am] Kris : you can’t live trade to
trade sein, you need to think bigger
picture
[08:50 am] joeytsa : actually might have
broken it
[08:51 am] shark : joey .42 on NFLX s
=$420
[08:51 am] joeytsa : nice job
[08:51 am] sein : thx Kris, i’ll add a few
more here
[08:51 am] apple : great shark
[08:51 am] shark : 580 left to get
[08:51 am] joeytsa : GS playing prev high
also
[08:51 am] Kris : you said you were full
position, no?
[08:52 am] shark : NFLX breaking up thru
resistance
[08:52 am] joeytsa : with some at 119.56
[08:52 am] shark : still testing at
119.37
[08:52 am] sein : OK, i won’t. cuz i have a
few more money to buy
[08:52 am] joeytsa : then 123 area above
that
[08:53 am] shark : BIG volume
[08:53 am] mhaus : NFLX moving again
[08:55 am] joeytsa : NFLX testing prev
high
[08:55 am] joeytsa : LULU quick upmove[08:55
am] joeytsa : 30cents?
[08:56 am] joeytsa : dumb scaling hha[08:56
am] apple : yup
[08:56 am] shark : nice, joey – LULU
[08:57 am] joeytsa : looked bigger than it
was…you think it hits $65 today based on
options?
[08:57 am] shark : nothing unusual there
[08:58 am] joeytsa : thanks
[08:58 am] eyes : SGEN turned over nice
missed thou
[08:58 am] shark : BUT….next week’s Feb 3
options heavy volume at 65 strike
[08:58 am] shark : 1121 calls traded
[08:58 am] joeytsa : ohhh, i was thinking it
was this fridays 65’s
[08:59 am] shark : looks like same brigade
from the other day
[08:59 am] shark : it was, they closed those
out
[08:59 am] joeytsa : again thanks…you
rock
[08:59 am] shark : they just had them for a
day trade, joey (wed)
[09:00 am] shark : low and high of 65 Call =
.33 to .78 /contract
[09:01 am] shark : they can push the stock
up with about 16,000 shares to get that 100%
option profit
[09:01 am] joeytsa : makes sense…i have a
ton of option homework to work on
[09:01 am] joeytsa : watching GS on this
support test of prev high, esp if market
heads up
[09:03 am] joeytsa : GS weekly chart, its
running into downtrend res area
[09:03 am] joeytsa : CRM powered up
[09:05 am] shark : NFLX trending up
[09:07 am] apple : hit 119.80
[09:08 am] joeytsa : broke prev
high,pivot..now testing them as support
[09:08 am] eyes : SIVB S 56.12
[09:09 am] joeytsa : I would call that a
fail on NFLX test
[09:11 am] shark : pull back
consolidation?
[09:11 am] joeytsa : yeah, something…has
to prove itself to me again
[09:11 am] rusty : QCOR radar
[09:11 am] joeytsa : if it hits prev high
and stops, that’s neg to me
[09:12 am] shark : if it breaks 118.50, will
consider break down
[09:12 am] shark : (early morning high)
[09:12 am] joeytsa : CRM will be waiting for
you
[09:15 am] shark : QCOR ALERT
[09:15 am] rusty : SQNS hod…. selling 1/2
of swing
[09:16 am] joeytsa : out QCOR long…thanks
rusty
[09:16 am] joeytsa : left money on the
table..not picky today 🙂
[09:17 am] joeytsa : is there news?
[09:17 am] rusty :
http://thestreetsweeper.org/undersurveillance
/Questcor__The_Secret_behind_Its__Miracle__Dr
ug
[09:18 am] rusty : this negative article is
the news, lol[09:21 am] joeytsa : shark:
NFLX coming up to that prev high again
[09:21 am] shark : YEAH!!!
[09:23 am] joeytsa : watching 37.60 area on
QCOR
[09:24 am] shark : VIX -flat on day
[09:24 am] rusty : SODA radar
[09:24 am] mhaus : JAZZ
[09:24 am] rusty : SODA ALERT
[09:27 am] mhaus : TMX spike
[09:31 am] qwert : thx for qcor awesome
[09:31 am] rusty : putting NRGY on radar for
a swing long….no rush
[09:32 am] joeytsa : yeah QCOR was nice, 3
trades 2win, 1 small loss
[09:32 am] Ed : cool see where rusty got it
2
[09:34 am] richard : PXD
[09:35 am] joeytsa : nice Richard
[09:35 am] shark : NFLX
[09:38 am] shark : NFLX vol good
[09:38 am] sein : Shark, is today option
expiry day?
[09:38 am] joeytsa : I’m avoiding it this
time
[09:38 am] shark : yes
[09:38 am] joeytsa : yes sein[09:39 am]
joeytsa : actually every friday is now
too
[09:39 am] shark : for many stocks
[09:39 am] sein : really? then what effects
on stock market?
[09:40 am] shark : little bit more potential
for volatility every Fri
[09:41 am] sein : you mean wider up and down
movements?
[09:41 am] apple : BID beautiful
[09:42 am] shark : the potential for that,
yes
[09:42 am] apple : look at the SPY chart
[09:43 am] mhaus : BSFT
[09:44 am] joeytsa : this 1310 is something
else on the ES
[09:44 am] shark : NFLX new hod[09:44 am]
shark : up vol good
[09:45 am] joeytsa : yeah i see that
[09:46 am] mhaus : CLF
[09:46 am] apple : nice on CLF
[09:56 am] shark : LULU new hod[09:56 am]
shark : nice Ed
[09:56 am] joeytsa : nice trading Ed
[09:56 am] observer : good play Ed
[09:56 am] richard : TY E
[09:56 am] joeytsa : that’s patience !!!
[09:56 am] shark : ditto
[09:57 am] joeytsa : patience: another thing
on my “to do” list this weekend haha[09:57
am] apple : can we ever get enough?
[09:58 am] shark : where do procrastination
and patience collide?
[09:58 am] joeytsa : enough??i just want a
little
[09:59 am] shark : when the 50day crosses
below the 200day ma
[09:59 am] joeytsa : nice one
[09:59 am] observer : good shark
[10:00 am] mh : anyone one thinking of a
long NRGY
[10:00 am] shark : rusty is long NRGY
[10:00 am] Ed : thx Kris,Mitch[10:00 am]
apple : he said he was thinking
[10:00 am] mhaus : lot of European countries
downgraded
[10:00 am] shark : thinking, ok
[10:01 am] rusty : on swings like NRGY
unless I see a panic, I usually wait till eod
before starting the swing
[10:02 am] rusty : look at the yearly chart
on NRGY
[10:02 am] shark : LULU vol pick up
[10:02 am] rusty : also gives me some time
to do some preliminary due diligence
[10:03 am] joeytsa : looks a little ugly
[10:03 am] mh : thanks
[10:03 am] rusty :
http://stockcharts.com/h-sc/ui?s=nrgy
[10:03 am] apple : ugly is an
understatement
[10:04 am] rusty : Ideally would like it to
come down to15-16
[10:04 am] joeytsa : doesn’t look to have a
prob with that rusty
[10:04 am] rusty : NRGY cut to Market
Perform at WFC
[10:05 am] shark : the trend IS your friend
-NRGY
[10:05 am] joeytsa : BIDU hod[10:05 am]
rusty : until it’s not shark
[10:05 am] apple : thx rusty will be
watching it
[10:05 am] rusty : unless you are the monkey
in front of the line, the view never
changes
[10:06 am] joeytsa : yep…those are the
type of charts i have problems with swinging
to the long side
[10:06 am] rusty : my best swing longs in
past month were all stocks that everyone said
was going to zero
[10:06 am] rusty : NFLX
[10:06 am] rusty : FSLR
[10:06 am] rusty : etc etc[10:07 am] rusty
: not bragging, just love to fade the
groupthink
[10:07 am] joeytsa : makes sense
[10:07 am] rusty : FFIV at 70 no one
wanted
[10:07 am] joeytsa : you seem to have a
knack for those types
[10:07 am] rusty : i was buying all day and
felt like an idiot on FFIV
[10:07 am] rusty : at 70
[10:07 am] khall : so rusty, would you
entertain buying an option on NRGY for swing
trade?
[10:08 am] khall : for instance, the FEB
17.5 C is selling for .70
[10:08 am] rusty : haven’t looked yet but
would prefer to sell the option (put) most
likely
[10:09 am] rusty : see what the put premiums
are like
[10:09 am] khall : Feb 17.5 put is selling
for 1.10
[10:10 am] khall : 1.00 now
[10:10 am] joeytsa : khall: what is the
april or May 15C?
[10:10 am] rusty : so if you sell those it
gets you in to NRGY at 16.50ish
[10:11 am] joeytsa : and you get the
premium
[10:11 am] khall : apr 15C is 4.90
[10:11 am] rusty : again no rush on the
swing, but those of you who are nimble can do
this intraday
[10:12 am] sein : Rusty are you long or
short FFIV?
[10:13 am] rusty : i have a small short from
122 but I didn’t mention it here since many
of you were long
[10:13 am] rusty : and I don’t like to bet
against my friends
[10:14 am] mhaus : BVSN
[10:14 am] joeytsa : both sides can be
winners..depends on timeframe
[10:14 am] sein : i see, ur kind to ur
friends
[10:15 am] sein : no share for short BVSN
[10:16 am] mhaus : Sein, BVSN for advanced
traders only. Look at the daily chart
[10:17 am] mhaus : GMCR at support
[10:17 am] rusty : I like BVSN short but
after it went to 44 I prefer it higher before
re-entering the short
[10:17 am] rusty : its down 50% from the
high
[10:17 am] rusty : in just a couple of
days
[10:18 am] joeytsa : CVX 50cent spike
[10:18 am] rusty : NRGY I like the volume on
the daily
[10:19 am] joeytsa : you thinking last gap
down?
[10:20 am] joeytsa : REGN been slowly moving
up
[10:20 am] rusty : ideally I would prefer a
gap down on Monday
[10:20 am] apple : let’s wait and see
then
[10:20 am] joeytsa : right…makes sense
[10:21 am] rusty : which could get us an
oversold condition or perhaps even an island
reversal
[10:21 am] joeytsa : exactly
[10:21 am] rusty : have to do more work on
it fundamentally
[10:21 am] rusty : but it looks ripe on
first glance
[10:22 am] joeytsa : if it gaps down and
holds, do you enter on a break of the high of
the gap down day?
[10:22 am] joeytsa : that’s normally where i
would test the waters
[10:22 am] apple : joey did you trade
REGN
[10:23 am] joeytsa : no i saw it too late
[10:23 am] apple : sneaky how it did that
[10:23 am] rusty : on an oversold with
decent fundamentals I buy the weakness and
average in
[10:23 am] rusty : eg. HGT
[10:23 am] joeytsa : i saw the first move,
but it wasn’t convincing enough for me
[10:23 am] joeytsa : ok
[10:24 am] rusty : like a bullshort in
reverse
[10:24 am] joeytsa : makes sense
[10:24 am] qwert : watching wpi[10:25 am]
rusty : NRGY earnings are on 1/31
[10:25 am] rusty : so perhaps we get a nice
opp[10:26 am] rusty : NRGY paid 2.80 div
last year
[10:26 am] apple : rusty, are you in HGT
now
[10:26 am] rusty : have to see what it will
be going forward
[10:27 am] rusty : yes apple….14-16 sold
about 3/4 of it
[10:27 am] rusty : waiting to add if the opp
arises
[10:28 am] apple : makes sense, thx for
sharing
[10:29 am] apple : look at BID – what a
beauty!
[10:30 am] rusty : I was also ss KOLD as a
way to get long nat gas
[10:30 am] rusty : but it trades very
thin
[10:31 am] joeytsa : CLF making another nice
move
[10:31 am] rusty : and no one here seemed
like they were interested in getting long nat
gas
[10:31 am] apple : rusty, from the top?,
just looked at the daily on KOLD
[10:33 am] joeytsa : KOLD just too thin for
me…but nice moves
[10:33 am] apple : very thin, that’s when
thin is not so good…
[10:33 am] rusty : thin works both ways
[10:33 am] joeytsa : facebook may file ipo
on wednesday[10:33 am] rusty : can work
against you or for you
[10:34 am] rusty : so when something is thin
you have to be very very patient
[10:34 am] rusty : like a sniper
[10:34 am] joeytsa : right…so i just avoid
those
[10:34 am] rusty : and if it doesn’t set up
so be it
[10:34 am] apple : SODA moving
[10:34 am] richard : SODA
[10:35 am] rusty : but KOLD is not just a
stock for trading…it’s a good indicator
[10:35 am] rusty : as are many leveraged
ETF’s
[10:35 am] rusty : remember when you guys
were playing TNA TZA every day?
[10:36 am] apple : yep
[10:36 am] rusty : now we barely talk about
them
[10:36 am] joeytsa : reverse leveraged can
be played in ira’s too
[10:36 am] joeytsa : they go in cycles
[10:37 am] rusty : my point is that when
everyone is doing the same thing…consider
doing something else
[10:37 am] apple : SPY moving
[10:37 am] rusty : food for thot[10:37 am]
joeytsa : right
[10:37 am] apple : right rusty… think
outside the box
[10:38 am] lightning : BKS spike
[10:38 am] joeytsa : facebook value seen to
be between $75-100B?
[10:39 am] rusty : the guy who bought KOLD
at 108 had to look far and wide for someone
to sell it too
[10:39 am] rusty : and guaranteed when he
bought it he thought it was going higher
[10:39 am] rusty : good point joey
[10:39 am] joeytsa : if not he will be the
one to sell when it hits $108 again
[10:40 am] joeytsa : people LOVE holding
long enough to break even
[10:40 am] rusty : you should always have
leverage ETF’s on your radar….at least for
indicators if not for trading
[10:40 am] joeytsa : that’s what got me into
playing 52wk highs/ all-time highs
[10:40 am] rusty : esp those leveraged
sector ETF’s
[10:40 am] rusty : coal, nat gas, banks, vix
etc[10:41 am] rusty : people who play the
trend on momentum etf’s are like high wire
traders
[10:41 am] rusty : feels great when you’re
on the wire
[10:42 am] apple : as long as you keep your
balance…
[10:42 am] joeytsa : WTW make a quiet 70cent
move past few minutes
[10:43 am] apple : who was supposed to be
watching WTW
[10:46 am] joeytsa : tighten stop on CLF if
long
[10:48 am] mhaus : TZOO
[10:48 am] apple : nice move on REGN joey
down and up
[10:49 am] joeytsa : oil crossed back over
$100
[10:49 am] rusty : SINA radar
[10:49 am] apple : good one on SINA rusty
[10:49 am] joeytsa : yeah apple, i actually
took it off my chart
[10:50 am] apple : the easy ones we
miss…
[10:50 am] joeytsa : yeah, didn’t think i
could get a short, so i flipped to something
else
[10:51 am] skydiver : watching SINA – thnx –
just got back
[10:51 am] apple : ok, but it made a nice
little long (did i speak too soon)
[10:52 am] rusty : someone should keep an
eye on those NRGY options
[10:52 am] apple : ok
[10:53 am] joeytsa : break for me too..next
pivot on SINA jsut over $67
[10:55 am] rusty : NRGY 17.50 put currently
1.20 get you long NRGY at 16.30
[10:55 am] eyes : S sina[10:56 am] rusty :
one more thing….selling puts only for
advanced traders and those with the capital
to add to the position…don’t go in all at
once EVER
[10:57 am] rusty : anytime you’re selling
options your risk is theoretically
unlimited
[10:59 am] skydiver : covered 1/2 SINA S
64.89
[11:00 am] skydiver : moving stop down
[11:00 am] eyes : S sina 65.27 out half .28
gain Be second half
[11:02 am] skydiver : stopped out of last of
my SINA @ BE 65.04
[11:02 am] eyes : out
[11:02 am] skydiver : made .15 on my first
1/2 and BE on last 1/2
[11:02 am] skydiver : SINA
[11:02 am] skydiver : pocket change, but
take it ;0
[11:03 am] eyes : CLF turning
[11:03 am] apple : SINA can be really tricky
that way
[11:03 am] skydiver : yes apple – I’ve been
bit by SINA before – nice to make something
off of it
[11:04 am] skydiver : SINA strong today
[11:05 am] eyes : any thoughts on CLF
[11:05 am] skydiver : CLF dropping
[11:05 am] apple : great move from 1:30
[11:07 am] apple : GS hod[11:07 am] skydiver
: CLF – low volume and it hit it’s pivot
point and came down
[11:09 am] rusty : CIGX radar
[11:09 am] mhaus : FSL radar
[11:09 am] skydiver : nice mhaus[11:10 am]
skydiver : it’s a bouncer FSL
[11:11 am] skydiver : SINA still climbing
[11:12 am] skydiver : CLF heading to VWAP
[11:19 am] skydiver : mhaus – did you catch
any of FSL short?
[11:20 am] skydiver : CLF dropping nicely
[11:21 am] eyes : S sina Second Time
67.09
[11:21 am] mhaus : sky, those trades are for
advanced traders, not for novices like me
[11:22 am] skydiver : okay – I feel better
mhaus — I missed it — and I’m not an
advanced trader either — but nice call 🙂
[11:23 am] skydiver : CRM dropped – missed
it –
[11:24 am] skydiver : ASCA
[11:27 am] skydiver : no volume and little
money in ASCA
[11:29 am] Ed : SINA is what u call SCRONG
[11:30 am] skydiver : I think that would be
correct Ed 🙂
[11:32 am] mhaus : NVO
[11:32 am] eyes : reversed 67.70 out half
1%
[11:32 am] joeytsa : good job to those who
caught that CLF reverse
[11:32 am] Ed : way to feel the trade eyes
[11:33 am] qwert : nice eyes
[11:33 am] eyes : out 1/4 +1.00
[11:33 am] joeytsa : SINA rocked
[11:34 am] eyes : out all+ 1.18
[11:34 am] joeytsa : nice trading eyes
[11:34 am] skydiver : nice eyes
[11:35 am] joeytsa : SINA just picture
perfect technical chart
[11:35 am] eyes : I think I got out last 1/4
to early but I trailed to close
[11:36 am] joeytsa : that’s ok..get out on
momentum isn’t a bad thing
[11:36 am] rusty : RENN radar
[11:36 am] rusty : careful on this
one…looks like daytraders hijacked it
[11:38 am] sein : my question of tax in
morning. day trading p & l is the same as
position trading in tax claims? are they
claimable?
[11:42 am] lightning : sein, I’m no tax pro,
but the answer is yes, there is no difference
in the tax treatment if the position is held
1 minute or 1 month.
[11:43 am] joeytsa : that’s good to know,
thanks lightning
[11:43 am] sein : thx lightning, i heard
that some amendments for stocks and options
in this year and 2013
[11:43 am] rusty : PROT a beautiful chart
[11:44 am] rusty : and the volume is at a
high
[11:44 am] skydiver : Covered 1/2 SINA S
68.53
[11:44 am] skydiver : moved stop down to BE
on SINA
[11:45 am] skydiver : on last 1/2
[11:45 am] joeytsa : BIDU a nice looking
chart also
[11:45 am] Kris : now PROT is a bullshort
chart
[11:45 am] Kris : textbook
[11:45 am] Kris : good spot rusty
[11:46 am] skydiver : good eye rusty – yes –
bullshort indeed — thnx[11:46 am] joeytsa :
not sure lightspeed as shorts on PROT
[11:46 am] joeytsa : but like you say, nice
chart
[11:47 am] lightning : lol, my level 2 on
PROT is 4.00 – 9.00 5×5
[11:47 am] Kris : that’s the problem you get
with some of these, might be why they run
like they do
[11:47 am] joeytsa : same here haha[11:47
am] joeytsa : be nice to cut that though
🙂
[11:47 am] Kris : little or no inventory
[11:48 am] joeytsa : i didn’t even get
anything show up in level 3 haha[11:49 am]
joeytsa : BIDU wants the hod[11:51 am]
joeytsa : shark: LULU inched above $64
[11:51 am] eyes : SIVB on the run
[11:52 am] Ed : sina looked like it was 2
legit to quit
[11:56 am] skydiver : covering 1/4 more on
SINA – thnx Ed
[11:57 am] Ed : nice going sky
[11:57 am] skydiver : thnx Ed – been
watching and waiting for quite a while 🙂
[11:57 am] joeytsa : nice sky
[11:57 am] shark : LULU gunning for all time
high -vol weak today
[11:58 am] skydiver : moving stop down on my
last 1/4 SINA S
[11:58 am] joeytsa : SPY volume is half of
what it was last 2 days..see what happens
last hour
[11:59 am] shark : kind of weird, with
weeklys expiring
[11:59 am] joeytsa : that facebook thing is
crazy
[11:59 am] shark : what’s the facebook
news?
[11:59 am] joeytsa : if i remember right it
was under $15M in venture cap
[11:59 am] joeytsa : looks like filing for a
wednesday ipo[11:59 am] joeytsa : valuation
between $75-100B
[11:59 am] shark : NEXT WED???
[11:59 am] joeytsa : yeah..5 days
[12:00 pm] joeytsa : 12M into $100B…nice
investment
[12:00 pm] shark : hard to see much upside
with that type of market cap
[12:00 pm] joeytsa : yeah but it will suck
someone in
[12:01 pm] shark : might run a bit, just on
enthusiasm alone
[12:01 pm] joeytsa : would think so
[12:02 pm] mhaus : INVN
[12:03 pm] shark : NFLX up vol still good
[12:03 pm] joeytsa : SINA might be powering
up again
[12:04 pm] shark : look at BIDU
[12:04 pm] skydiver : yes – I was stopped
out of my last piece of SINA S – made money
however 🙂
[12:04 pm] Ed : yea had nice consol for
bit,
[12:04 pm] shark : this looks like
anticipation of China trading starting up
next week
[12:04 pm] joeytsa : good point shark
[12:04 pm] skydiver : thnx shark – I forgot
about china not trading this week
[12:04 pm] joeytsa : BIDU has been a monster
today also
[12:06 pm] shark : look at NFLX volume
[12:06 pm] shark : highest of the day
[12:06 pm] skydiver : SIVB turning
[12:07 pm] shark : where is next resistance,
joey?
[12:07 pm] joeytsa : NFLX..i have a pivot @
123.12
[12:08 pm] joeytsa : shark: i didn’t look at
daily chart
[12:09 pm] shark : went from 500,000 on
Amzon to about 21
[12:09 pm] joeytsa : should get some sales
after yesterday also
[12:09 pm] skydiver : glad I got out of my
SINA short when I did
[12:09 pm] shark : any hope of NFLX pull
back, here?
[12:10 pm] joeytsa : yeah sky, i avoided
the short altogether
[12:10 pm] skydiver : you were smarter than
I
[12:11 pm] joeytsa : maybe shark…but it’s
been trending up
[12:11 pm] joeytsa : no not that sky
[12:11 pm] shark : bit extended, joey
[12:11 pm] shark : off its 21min ma
[12:11 pm] joeytsa : you made money, i just
waited for the pullback
[12:12 pm] joeytsa : closing SINA long
[12:12 pm] rusty : FSLR hod[12:12 pm]
joeytsa : only went half position though
[12:12 pm] skydiver : no problem joey — but
— my risk/reward was off — but did make
money 🙂
[12:13 pm] sein : is there sell off in the
last hour for profit taking on fridays?
[12:13 pm] skydiver : nice one joey on
SINA
[12:13 pm] joeytsa : stocks like that, i
don’t fight them
[12:13 pm] skydiver : good strategy – still
learning 🙂
[12:13 pm] joeytsa : it is, but i do miss a
lot of good trades the other way
[12:14 pm] joeytsa : that’s the thing about
trading…everyone can have their own
strategy
[12:14 pm] skydiver : but – in long run –
big picture — good strategy 🙂
[12:14 pm] joeytsa : BIDU hod[12:15 pm]
skydiver : NFLX – still climbing
[12:15 pm] joeytsa : sky: look at SINA since
crossing yest high
[12:15 pm] skydiver : looking – gotcha
[12:15 pm] joeytsa : ran about $5
[12:16 pm] skydiver : okay – I see joey
[12:16 pm] joeytsa : that line is where the
sellers “won”
[12:16 pm] joeytsa : yesterday i mean
[12:16 pm] skydiver : okay
[12:17 pm] skydiver : thnx Joey — good
insight on SINA for me
[12:17 pm] joeytsa : they don’t all work
like that, but it’s not a bad place to
start
[12:17 pm] shark : NFLX ALERT
[12:17 pm] joeytsa : NFLX nice spike
[12:17 pm] joeytsa : hang on a sec sky
[12:20 pm] shark : NFLX looks good for poss
pulll back
[12:20 pm] shark : watching
[12:20 pm] joeytsa : it pit that pivot
[12:21 pm] joeytsa : small pullback would be
bullish to me…
[12:21 pm] skydiver : sure did joey – on
NFLX pivot point
[12:21 pm] joeytsa : 40 minutes to close
though..maybe some profit taking
[12:21 pm] shark : what’s moving the
markets?
[12:21 pm] joeytsa : it’s up $6 today
[12:22 pm] joeytsa : no default for
greece?
[12:22 pm] shark : some consolidation here
NFLX
[12:22 pm] joeytsa : swap agreement will be
reached in days?
[12:22 pm] sein : Joey, at what time it
happens ? sell off may affect my longs.
[12:22 pm] shark : VIOX
[12:22 pm] shark : correction: VIX lod[12:23
pm] joeytsa : sein, do you mean profit
taking??
[12:23 pm] joeytsa : there may be some,
maybe not
[12:23 pm] sein : yes
[12:23 pm] joeytsa : just set your stops and
breathe easy
[12:24 pm] joeytsa : eye on SINA again
[12:24 pm] sein : thx Joey
[12:24 pm] joeytsa : BIDU taking a
breather
[12:24 pm] joeytsa : 4 times a charm on
SINA??
[12:25 pm] skydiver : could be joey 🙂
[12:25 pm] joeytsa : kind of extended..who
knows
[12:25 pm] mhaus : LNKD
[12:26 pm] joeytsa : this pullback on SINA a
bit bigger than the last 3
[12:26 pm] shark : LULU hod[12:27 pm]
joeytsa : forgot all about them haha[12:28
pm] skydiver : out 1/2 SINA S 69.25
[12:28 pm] skydiver : moving stop down to
BE
[12:28 pm] mhaus : SYNA
[12:29 pm] joeytsa : nice sky
[12:29 pm] skydiver : just couldn’t resist
🙂
[12:29 pm] joeytsa : haha…i think i got
you figured out
[12:30 pm] skydiver : 🙂
[12:31 pm] skydiver : out 1/4 more of SINA
69.24
[12:32 pm] joeytsa : watching NFLX
[12:33 pm] shark : watching for quick short
on NFLX as it tests 21min ma
[12:34 pm] joeytsa : i see that shark
[12:36 pm] shark : market strong still
here
[12:38 pm] skydiver : humm – VPRT – low
volume
[12:39 pm] shark : got into that 123
resistance, and went right through, joey
[12:40 pm] joeytsa : hit it, tested support
and pushed thru
[12:41 pm] shark : picture perfect …for a
long
[12:41 pm] joeytsa : sure is
[12:41 pm] joeytsa : only potential risk is
that it’s come a long way
[12:42 pm] joeytsa : SINA was much prettier
🙂
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