(05:37 am) JoeyTSA :some early gaps : up-
MATR.. down- DDD,SSYS,VOD,SCTY
(05:52 am)
JoeyTSA :eye on/CL $101
(06:05 am) JoeyTSA
:tighten /CL ifyou took it long
(06:26 am)
Mitch King:Premarket UP: RGDO, MATR,
RCLT, MONT, CQB, BLDP, FCEL, PLUG, OME, EJ,
NWBO, MEET, INO, SQNTS, SQNS, ALXN, FMC,
TMUS, DOWN: VOD, DDD, BA, T,
VZ,
(06:31 am) Mitch King:watching YOKU
for bottom to buy,
(06:31 am) Mitch
King:WWE dropping, lot of down pressure
looking on daily chart
(06:32 am) Mitch
King:watching BA, down a little on missing
Malasia aircraft or possibly from cracks in
787 wings
(06:32 am) Mitch King:watching
DHRM for bottom
(06:33 am) Mitch
King:watching CSIQ for bottom
(06:33 am)
Mitch King:watching TSL
(06:34 am) Mitch
King:monitoring ENS
(06:34 am) Mitch
King:watching BITA for bounce
(06:35 am)
Mitch King:PLUG should be good short
today
(06:35 am) Mitch King:watching CIMT
drop, for bounce at bottom
(06:36 am)
Mitch King:THTI moving up, low priced stock,
could be a hot one
(06:38 am) Mitch
King:i’d look for short inventory on
PLUG
(06:38 am) Mitch King:MNI alert for
short
(06:38 am) Mitch King:monitoring
CLF, not sure if bounce though, been really
weak on downgrades
(06:39 am) JoeyTSA :eye
on DATA
(06:39 am) Mitch King:$5.73 to
7.30 today on MNI, expert level
trade
(06:39 am) Mitch King:HIMX trending
up
(06:40 am) Mitch King:prob more
downsid eon RGDO
(06:42 am) JoeyTSA
:watching SFUN approach $90 level
(06:42
am) Mitch King:OME active
(06:43 am) Mitch
King:monitoring NKE
(06:44 am) Mitch
King:watching MNI closer for top to
short
(06:44 am) Qwert :monitoring
AAL
(06:45 am) Mitch King:MPC trending
up
(06:47 am) Mitch King:CREE trending
up
(06:47 am) Mitch King:watchign MOBI for
bottom to buy
(06:48 am) Mitch King:ALJ
trending up, strong
(06:50 am) Mitch
King:monitoring URI, micro short
(06:51
am) Mitch King:no go on URI short,
(06:52
am) Mitch King:new high on THTI
(06:55 am)
JoeyTSA :/ES tested pp, see if we get a 2nd
test, also watch 3710 on /NQ
(06:56 am)
JoeyTSA :VECO on radar
(06:56 am) Mitch
King:watching NUS for bottom
(06:57 am)
Mitch King:monitoring HLF, but trending up so
far
(06:58 am) Mitch King:ALXN high of
day
(07:02 am) Mitch King:monitoring WDC,
still trending up, but monitoring
(07:05
am) JoeyTSA :NFLX weak all morning
(07:05
am) Mitch King:monitoring CPE, prob more
downside
(07:05 am) Mitch King:PLUG strong
rebound
(07:12 am) JoeyTSA :eye on
YELP
(07:17 am) Mitch King:double top on
PLUG
(07:22 am) Mitch King:monitoring
QIHU
(07:34 am) Qwert :monitoring
NWBO
(07:36 am) Murano :watching
P
(07:44 am) Qwert :watching
NFLX
(08:20 am) JoeyTSA :eye on /CL 101
retest
(08:25 am) JoeyTSA :/NQ back to
3700
(08:37 am) Qwert :watching
CNAT
(08:45 am) Qwert :monitoring
HIMX
(08:49 am) JoeyTSA :/ES basing
here
(09:23 am) Murano :watching
GLOG
(10:14 am) Mitch King:little bit of a
dip here in PLUG is a decent long, buy at
bid
(10:14 am) Mitch King:probably
rebounds to 11.20 at least, which is
3%
(10:17 am) Mitch King:the first big
drop in a hot stock gets a good bounce, so
next bottom in PLUG should be
decent
(10:19 am) Mitch King:id be looking
for a small bounce, then a retest. the
retest or what i call a 2nd bottom is the
best one. sometimes a 2nd bottom
does not occur though.
(10:21 am) Murano
:watching IBN
(10:22 am) Mitch King:looks
like here is a bounce starting
(10:22 am)
Mitch King:talking aabout PLUG
(10:24 am)
Mitch King:looking for around $11.00 for
PLUG, just under is safer but watch for a
retest, its possible
(10:25 am) Mitch
King:don’t be shorting PLUG on this rebound,
at least not soon, there is still buying
power in this
(10:25 am) Mitch King:I’ll
explain this later why
(10:27 am) Mitch
King:if this doesnt go above previous candle
high soon, consider selling an
(10:27 am)
Mitch King:yeah, i’d sell and look for 2nd
entry
(10:29 am) Mitch King:acting weak
for sure
(10:29 am) Mitch King:im
referring to higher than 10.75
(10:29 am)
Mitch King:now a real healthy acting stock
would make a higher high
(10:34 am) Mitch
King:the over riding factor to PLUG is the
daily chart, came from under $4 last
week
(10:34 am) Mitch King:this is a
bullshort if i ever seen one
(10:37 am)
Mitch King:right now everyone is heading for
the door, and someone screamed fire
(10:39
am) Mitch King:looking for bounce in PLUG,
long scalp
(10:39 am) Mitch King:use limit
orders, you will likely get the pric eyou
want both ways
(10:40 am) Mitch King:i’d
look for 10.40 area, might be a chopy
rebound
(10:41 am) Mitch King:ok i’d
consider putting sell limit orders on this
rise if you are long
(10:43 am) Mitch
King:this is what happens on bullshorts on
the peak day, big swings, highext
volume
(10:46 am) Mitch King:its on a
downtrend now and you sell the tops, careful
about buying it in a downtrend
(10:46 am)
Mitch King:sell your long into this rebound
on PLUG, should turn over again on next
top, dont expect new highs or even
close
(10:49 am) Mitch King:now if you are
short PLUG, you can kind of relax, not worry
as much
(10:56 am) JoeyTSA :watching
FEYE
(11:31 am) JoeyTSA :tighten FEYE if
you took it long
(11:38 am) Murano
:watching LPI at S2
(11:54 am) Murano
:watching VIAB
(12:13 pm) Mitch King:this
dip here at this point in PLUG, i ignore
those because market closes in 45 min and
people are starting to get more scared and
wanting to sell out of it, so the short
position, just hold, even if it gaps back up
tomorrow
(12:58 pm) Mitch King:bye
guys
| (05:27 am) devo :GM everyone, happy
Monday to ya
(05:28 am) Qwert :Good
morning akram, devo, mber
(05:34 am)
skydiver :gm all
(05:35 am) JoeyTSA
:Good morning Qwert, traders..dont see any
reports today
(05:35 am) JoeyTSA :PLUG
over $9 now though
(05:50 am) doji
:Hi Joey, Devo, good morning
(05:50 am)
JoeyTSA :hey doji, how are you
(05:50 am)
JoeyTSA :saw your name listed last week, but
since you didnt chat i assumed bus/travel for
you
(05:51 am) devo :Morning
Doji
(05:57 am) doji :I am fine
Joey, was on a2-week business trip. My wife
used to log in and then send me a copy of the
chat in the evening….
(05:58 am) JoeyTSA
:smart, hope your trip went well..you
didnt knock on my door, so i guess vegas
wasnt on the itinerary 🙂
(05:59 am)
doji :No, was in Singapore, Kuala
Lumpur and Houston…
(05:59 am) JoeyTSA
:nice
(05:59 am) JoeyTSA :KL is where that
tall building is
(05:59 am) JoeyTSA
:correct?
(06:02 am) mangels3
:thanks skydiver I am a newbie
(06:02 am)
doji :The Petronas building? Yes, but
that is not the tallest one, that is in
Dubai
(06:02 am) skydiver :welcome
mangels3 🙂
(06:02 am) doji :Hi
Sky
(06:03 am) skydiver :hey doji –
welcome back! Missed ya
(06:03 am)
doji :Thanks Sky. missed you too
all
(06:04 am) rd :gm to
all
(06:06 am) skydiver :thnx joey
on /CL
(06:07 am) JoeyTSA :np sky, decent
dbl bot on 101
(06:08 am) skydiver
:yes 🙂
(06:08 am) skydiver :MONT –
receives non-binding proposal to acquire the
company at $21.50 per share – just in case
anyone looking at that stock
(06:10 am)
devo :we now have the worlds biggest
banana company….just when life couldnt get
better
(06:11 am) JoeyTSA :the
govt?
(06:11 am) devo :haha.
that was my 1st thought too.
CBQ
(06:11 am) Murano :good
morning
(06:12 am) doji :FCEL
reports today after the close so keep an eye
on related stocks like PLUG and HLSS… have
been hot lately…
(06:12 am)
skydiver :gm Murano
(06:12 am)
doji :Hi Blind Squirrel….
(06:12
am) Murano :hello sky, doji and
joey
(06:15 am) JoeyTSA :gm Murano, Mitch
eveyrone
(06:17 am) Qwert :Good morning
everyone welcome mangels
(06:25 am)
Murano :good morning qwert
(06:27 am)
freitag8 :eye on DANG for pull back to
$18 and a lift to $20
(06:30 am)
doji :Watching PLUG
(06:32 am)
JoeyTSA :eye on AAPL $530 area
(06:32 am)
doji :Watching FB also
(06:34 am)
freitag8 :DANG broke $18… next level
is $17.50ish for support and
consolidation
(06:34 am) skydiver
:TSLA – long
(06:34 am) devo :FB
upgraded to $90
(06:34 am) JoeyTSA :/NQ
fighting at 3700
(06:37 am) skydiver
:all out of TSLA long
(06:39 am)
freitag8 :short DANG for about a 50
cent move… stop loss at 18.50
(06:41 am)
JoeyTSA :markets seem a bit sketchy to me at
the moment, with it leaning heavy
(06:41
am) JoeyTSA :just be flexble
(06:41 am)
JoeyTSA :but thats my take/feeling
(06:43
am) doji :No shares of PLUG, FCEL for
short in TDA…
(06:44 am) freitag8
:Thanks Joey
(06:44 am) doji :Out FB
short 2/4 position
(06:44 am) doji
:3/4
(06:45 am) skydiver :monitoring
LNKD
(06:46 am) freitag8 :Taking 1/4
off of DANG @ $18.01 if they will hit my
offer
(06:50 am) doji :POMO today
rermembe
(06:52 am) JoeyTSA :isnt pomo
most days 🙂
(06:52 am) JoeyTSA :looks
like $2.25-2.75B today
(06:52 am)
doji :Isn’t it the Economy?
(06:53
am) JoeyTSA ::)
(06:53 am) doji
:Short APPL here, stop at 533.1
(06:53 am)
JoeyTSA :TSLA in des tri, on radar
(06:54
am) doji :TSLA between two Fb levels so
far..
(06:54 am) JoeyTSA :doji ; 3/13,
3/27 look like biggest $pomo for this
month
(06:55 am) doji :Yes
Joey
(06:56 am) doji :Ouch….
SPY
(06:57 am) doji :VECO was
upgrded to buy this morning….
(06:57 am)
JoeyTSA :thx
(06:57 am) JoeyTSA :missd ya
doji 😉
(06:58 am) JoeyTSA :Sbarro
files chapter 11
(06:58 am) JoeyTSA :when
mall pizza goes bust, something is
wrong
(06:59 am) doji :Pershing will
present HLF illegal activity in China
tomorrow…. keep on radar
(06:59 am)
freitag8 :lol… thats true
(06:59
am) skydiver :ICPT – Bofa/Merrill –
still projects $872 price target –
(06:59
am) freitag8 :eye on /CL for pivot at
101.15
(06:59 am) JoeyTSA :that would be
one heck of a run sky
(07:00 am) Mitch
King:Ackerman is stubborn on holding HLF
short, says he will hold short to “end of the
world” guys who think like that
go broke
(07:00 am) skydiver :I
thought it was interesting to say the least
🙂
(07:00 am) doji :Long
ITMN
(07:00 am) JoeyTSA :EBAY wants to nix
Icahn’s appointees, think thats what i
saw
(07:01 am) skydiver :correct
joey on EBAY news
(07:01 am) JoeyTSA :sky
: ICPT might be worth a LEAP
(07:01 am)
skydiver ::)
(07:01 am) JoeyTSA
:keep TSLA $237 on radar for potential
short
(07:02 am) devo :sbux short at
73.45
(07:02 am) Mitch King:first Chinese
bond default last weekend
(07:03 am) Mitch
King:i doubt Chinese govt will bail them out,
lot more to come the next 4-5 years
(07:03
am) skydiver :LNKD long working finally
– 3/4 out
(07:03 am) JoeyTSA :then you
better pay up Mitch 🙂
(07:03 am) Mitch
King:i dont trust any Chinese company
accounting
(07:03 am) Mitch King:they have
no check and balance system
(07:04 am)
freitag8 :we have a big buyer of DANG
at 18.20.. sell keeps pushing the BID back
down… but the buy keeps lifting the
Offer… I’m all out until they figure out
who wins
(07:04 am) JoeyTSA
:agree
(07:04 am) devo :haha.
you guys are rough on Mitch
(07:04 am)
Mitch King:they are true capitalists
though,
(07:05 am) JoeyTSA :money isnt
everything..its the only thing 🙂
(07:05
am) JoeyTSA :great bounce on PLUG,
testin hod
(07:08 am) doji :PLUG
-> 10 acting as magnet
(07:08 am)
JoeyTSA :great pullback on/NQ rom 3710 dbl
top, right back to 3700
(07:08 am)
devo :JPM short 59.35
(07:10 am)
devo :SBUX taking 1/2 off
(07:10 am)
Mitch King:you guys read that Malaysian
airliner gone missing? they saw 12 mile
stretch of fuel oil slick. tells me
more likely a bomb at high altitude, spreads
over big area
(07:11 am) JoeyTSA :yeah,
supposedly some passport situation with a
couple people too
(07:11 am)
skydiver :news just in — oil slick
isn’t airliner
(07:11 am) skydiver
:lab tests confirm oil slick doesn’t match
airliner’s oil
(07:11 am) Mitch
King:interesting
(07:12 am) skydiver
:it is Mitch – interestintg
(07:12 am)
JoeyTSA :potential 2 stolen
passports
(07:12 am) Mitch King:must be
Chinese freighter leaking, hehe. they
are such good environmentalists
(07:12 am)
skydiver ::)
(07:13 am) Mitch
King:odds are it was blown up
(07:14 am)
JoeyTSA :might get /ES test of 1870, S1
area
(07:14 am) Mitch King:mkt not super
active today
(07:15 am) devo :taking
1/2 off JPM short, looking for 59
area
(07:17 am) doji :Out 1/2 APPL
short here
(07:17 am) devo :N buy
signal, taking small position
(07:18 am)
devo :taking kids to school, see ya in
30
(07:22 am) JoeyTSA :bye devo
(07:22
am) JoeyTSA :back in 20min
(07:23 am)
Qwert :enjoy joey
(07:44 am) Murano
:covered all P
(07:47 am) freitag8
:covering my short on DANG here
(07:48 am)
freitag8 :looking for consolidation and
then a breakout above 17.65
(07:51 am)
doji :Waht is going on with CTSH? Is it
a split?
(07:52 am) JoeyTSA :pretty sure
its a split
(07:52 am) JoeyTSA :NFLX rough
day
(07:52 am) doji :PLUG wants
$10…
(07:54 am) JoeyTSA :agree
doji
(07:54 am) skydiver :Have a
great day all — my time is up . . thnx again
for great calls:)
(07:54 am) JoeyTSA
:enjoy sky
(07:54 am) Murano :see you
sky
(07:54 am) Qwert :cya sky enjoy your
day
(07:54 am) doji :Is hould have
kept my mouth closed on PLUG… lol
(07:55
am) JoeyTSA :put a good word in for me with
your boss 🙂
(07:55 am) Qwert :no
shorts at lightspeed for PLUG
(07:55 am)
JoeyTSA :the “doji effect” ??
(07:55 am)
Qwert :hahahaa
(07:55 am) doji
:Haahahahaha
(07:56 am) doji :But
it’s holding its trendline here…
(07:56
am) JoeyTSA :i went thru a period of the “me
effect”..rotten feeling haha
(07:57
am) Murano :monitoring SPLK
(08:05 am)
doji :Market Watch: Record-high margin
debt but analysts saying ” Stock valuations
are still a long way from their tech-boom
extremes”….
(08:05 am) JoeyTSA :/CL 101
to 101.40, back to 101
(08:12 am) JoeyTSA
:SCTY losing $75
(08:14 am) devo
:NKE short
(08:23 am) Murano :out 3/4
SPLK
(08:27 am) Murano :out last 1/4
SPLK
(08:28 am) devo :another sell
on NKE. entering position at
78.93
(08:31 am) devo :out of 1/2 on
N
(08:32 am) Qwert :nice call on /CL
joey
(08:32 am) JoeyTSA :PLUG $9.80
tri-top res so far, will be
watching
(08:32 am) Mitch King:look at
that daily chart on PLUG joey, prob has
another day up just looking at it
(08:38
am) JoeyTSA :PLUG has beena
monster
(08:39 am) Mitch King:ive seen
this before in same sector, same stocks, i
think in mid 90’s
(08:40 am) JoeyTSA
:yeah, PLUG got some interest early 2000’s i
think it was
(08:40 am) JoeyTSA :they are
based near my hometown, thats how i got
turned onto them
(08:47 am) JoeyTSA :PLUG
@ $10
(08:56 am) freitag8 :doji…
heres a swing trade for ya… SPXPM (+2) Mar
1855 Put, (-4) Mar 1845 Put, (+2) Mar 1805
Put… $2.35 credit
(08:58 am) doji
:Thanks Freitag8, What does the number in
parenthesis mean?
(08:59 am)
freitag8 :number of contracts either
long or short… broken wing
butterfly
(09:00 am) freitag8 :80%
probability of success over 10 days for at
least 8% return
(09:01 am) doji
:Thanks Freitag….
(09:01 am)
freitag8 :;)
(09:01 am) doji
:Joey, did you take PLUG? I am still riding
it… from 9.40…
(09:03 am)
freitag8 :I took off DANG way too early
but still a good trade… $0.30 total on 800
shares
(09:04 am) Qwert :nice
Doji
(09:09 am) devo :MU nice
DT. looking for a short
(09:14 am)
JoeyTSA :i got out a bit early on PLUG
doji
(09:16 am) doji :All out PLIG
at 10.56
(09:16 am) doji
:PLUG….
(09:16 am) JoeyTSA :nice trade
doji
(09:17 am) devo :intraday head
and shoulders in AAPL? does that even
exist?
(09:20 am) JoeyTSA :maybe
devo? i dont focus on h&s too
much though
(09:21 am) devo
:normally i dont either, just looking at
chart. Hmm, will watch it to learn from
it. if anything
(09:24 am)
doji :PLUG still moving up…
(09:28
am) JoeyTSA :BLDP doing well also, im
just more focused on PLUG
(09:30 am)
freitag8 :Expecting more downside on
DANG, $16.70 is my next area of
interest
(09:31 am) freitag8 :lot of
selling here on /CL rejected 101.35 twice in
the last hour
(09:31 am) doji :Have
you seen how money rotates between segments
like Social Media (FB, TWTR) to Fuel Cells
(PLUG, FCEL) …
(09:32 am) JoeyTSA :yeah,
makes trading good when you spot it
(09:34
am) doji :I hope I could….
(09:36
am) JoeyTSA :esp for swings like you like to
do
(09:37 am) JoeyTSA :i think a clue
would be to look for a hot stock in a new
sector…
(09:37 am) JoeyTSA :then look at
other stocks in that new sector for follow
thru?
(09:39 am) doji :Yeap, good
thinking….
(09:40 am) devo :Joey –
AAPL bounced right off that area and
down
(09:40 am) JoeyTSA :i wouldn gunsling
those other stocks, but if you start to see
action in them, then pounce
(09:41 am)
JoeyTSA :pharma stocks had a nice play like
that recently
(09:41 am) doji :CELG,
ITMN dropping… money flwoing into small
bistechs…
(09:42 am) freitag8 :A
bunch of my fellow Prop Traders just shorted
PLUG in unison
(09:42 am) JoeyTSA :yeah
doji, i cant tell if new money is coming in,
or just rotating from sector to
sector
(09:43 am) freitag8 :5 of the
top 8 traders at the firm just shorted
PLUG
(09:43 am) JoeyTSA :then im going
long 🙂
(09:44 am) freitag8
:lol
(09:45 am) freitag8 :i didn’t
say “I SHORTED” PLUG… wait until I short
before you go long
(09:46 am)
freitag8 :these guys all make 7 figures
day trading … if they step out of PLUG I’ll
let you know
(09:47 am) Murano :stopped
GLOG short
(09:47 am) doji :Freitag,
waht about buying the 10 puts today? They are
at 1.50 right now
(09:47 am) doji
:on PLUG
(09:47 am) JoeyTSA :im not
shorting PLUG
(09:48 am) freitag8
:that 34 delta isn’t giving me the warm and
fuzzy on the 10 PUTs
(09:49 am)
freitag8 :2 of the 5 traders just
covered PLUG
(09:51 am) doji :IV ATM
is 250%…. crazy
(09:51 am) doji
:on puts
(09:51 am) freitag8 :all
but 1 just covered PLUG short
(09:52 am)
freitag8 :Its rare to see them all go
short at the same time… usually means they
saw some news or a special
situation
(09:57 am) JoeyTSA :this looks
like a bette short area if $11 loses,
but im not doing it
(09:58 am) JoeyTSA
:wouldnt surprise me to see it hit $12 before
the close
(10:02 am) Murano :continuing to
watch GLOG for possible short
(10:03 am)
JoeyTSA :do not try to short PLUG
(10:07
am) JoeyTSA :lunch time, back in 30
(10:09
am) devo :have a lgood lunch, im headed
out too. letting things run for another
hour
(10:22 am) doji :PLUG long at
10.43
(10:22 am) doji :stop at
b.e
(10:24 am) rd :plug hit 50% fib
and bounced
(10:29 am) doji :rd,
PLUG rebounded from the 38.2%FB extension. I
drew the Fb from the LOD to the
HOD…
(10:29 am) doji :50%
retracement is $10
(10:30 am) doji
:and 10.74 is the 23.6% retracement
(10:32
am) doji :Still holding
PLUG….
(10:32 am) Mitch King:where are
you calculating that from doji
(10:32 am)
doji :From LOD to HOD
(10:32 am)
doji :10.33 is the 38.2%
retracement
(10:33 am) doji
:LOD=8.57, HOD=11.41
(10:35 am) doji
:Mitch, I’d wait until tomorrow to short PLUG
as FCEL reports earnings today….
(10:35
am) Mitch King:ok. i’d make a short
position today on PLUG, forget FCEL
(10:36
am) Mitch King:its going to be sell on the
news
(10:36 am) doji :PLUG reports
on Thuesday
(10:36 am) doji
:Thursday
(10:36 am) Mitch King:what time
tuesday, aftermarket?
(10:37 am)
doji :PLUG on Thusday
pre-market
(10:38 am) doji :Ok now
PLUG at 50% retracement
(10:39 am)
doji :Next level 9.65, 9.18 and then
the LOD=8.57….
(10:39 am) doji
:Filled at 9.90….
(10:39 am) doji
:Yes Mitch…. I was expecting that
(10:43
am) Murano :ROSG setting up for a short if
you can find shares
(10:44 am) doji
:Have OCO orders Mitch, at 10.30 (above),
10.15 (below). Either way it’s a
winner
(10:44 am) Mitch King:right, should
bounce more
(10:44 am) Mitch King:Joey
having an expensive break, hehe
(10:45 am)
doji :Be quiet…
(10:45 am)
doji :lol
(10:45 am) JoeyTSA :im
back
(10:45 am) Mitch King:thats a 4% move
there, 5% for you doji on PLUG
(10:45 am)
doji :Now holding 1/2, OCO order at
10.7/10.3
(10:45 am) doji :Thanks
Mitch.
(10:45 am) Mitch King:ok you sold
1/2 of long PLUG doji? i think thats
good,
(10:46 am) doji :Yes, filled
at 10.33….
(10:46 am) doji :from
10.9
(10:47 am) doji :All out PLUG
at 10.39
(10:47 am) Mitch King:if you have
the stomach for it, shorting PLUG and holding
for a week is a high odds short, lot of
volatility with the position though
(10:49
am) devo :i have the stomach, ill take
one for the team! If they can just
locate the stocks to short for me
(10:49
am) doji :I’ll wait until tomorrow
Mitch… Don’t want to shit in my pants
tomorrow at the office… lol
(10:50 am)
Mitch King:you will be giving up a lot of the
profit potential though doji,
(10:50 am)
doji :Mitch TDA doesn’t have PLUG
shares for short unfortunately…
(10:50
am) Mitch King:its a real mindset
change to go from daytrading to swing
trading, very challenging
(10:50 am) Mitch
King:TDA rarely has anything to short except
for largest cap stocks like AMZN,
AAPL
(10:52 am) Mitch King:ok, now this is
hardest part for most people, you cant get
shorts, you are salivating on the short, so
the worst mistake is start trading it long
because you want to be in the
action. by the end of today, i
think PLUG’s back will be broken, hard to get
up again. thats normal process of a
really hot stock that starts to break
down. and this process lasts for a week
to break down, with less and less
volume. today is highest volume day and
tomorrow might come close but probably quite
a bit lower vol than today
(10:54 am)
Mitch King:if anyone has those Wizard
Training Course, there is 1-2 dvds that
explain bullshorts exclusively. it is
still valid, same principles, same
strategy
(10:54 am) Murano :covered GLOG
at break even
(10:57 am) JoeyTSA :PLUG at
least moving on good news though
(11:01
am) doji :Mitch, one question. How ofen
have you seen stock retracing back to the FB
on both daily and 1-min charts? Becuase I
have been drwaing FB on stocks that have
gapped on the daily (i.e. GMCR) and also on
runners on the 1-min (i.e. PLUG) and see most
of them respect the 38%, 50% and 63%
levels
(11:01 am) Murano :covered all
IBN
(11:02 am) doji
:FB=Fibonnacci
(11:04 am) doji :He
must be couting his money on
PLUG….
(11:04 am) doji
:lol
(11:05 am) JoeyTSA :haha
(11:06
am) Mitch King:im not sure what you are
asking doji, that question makes my brain
sore
(11:07 am) doji :Stocks fiding
S/R of Fibonacci levels
(11:08 am) JoeyTSA
:not sure about your exact questiondoji, but
stocks do use fib #’s
(11:09 am) JoeyTSA
:i dont use them, but lots of traders
do
(11:09 am) doji :I see
that…
(11:10 am) JoeyTSA :probably good
idea to focus on the technical areas that the
majority of traders look at
(11:15 am)
JoeyTSA :nice hold at $10 so far on
PLUG
(11:19 am) JoeyTSA :totally missed
that run on /CL
(11:31 am) doji
:NFLX slowly trending up
(11:49 am)
regatta :MIG spike
(11:52 am) Murano
:out 3/4 LPI
(11:57 am) Murano :out last
1/4 LPI
(12:19 pm) Murano :I thought VIAB
would have a slight pullback then move past
R1 doesn’t look like that will
happen
(12:21 pm) JoeyTSA :Thanks Mitch,
Murano,Qwert, traders
(12:21 pm) Qwert
:cya joey
(12:22 pm) Murano :see you
Joey
(12:52 pm) Murano :to late today but
ARWR moving up
(12:56 pm) Qwert :Bye
everyone cya in the am
(12:56 pm) Murano
:see you Qwert
(12:57 pm) Murano :done for
the day, see you tomorrow
(12:59 pm)
freitag8 :bye Mitch
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