[06:53 am] Ed : covering 3/4 IOC short
[07:03 am] Ed : covering 3/4 CRK short
[09:19 am] Ed : reducing 3/4 MAN long
[09:20 am] Ed : reducing 3/4 SIG long
[06:12 am] Ed : good morning all
[06:20 am] Brent : Good morning
[06:31 am] Brent : watching VVUS for a
bounce
[06:32 am] Ed : BIDU breakn out, see ifget
pullback to 150.13 and hold
[06:32 am] Brent : watching FAST for a
bounce
[06:33 am] Brent : watching GOLD for a
bounce
[06:33 am] Brent : watching MW for a
bounce
[06:34 am] Mitch K: watching SODA for
short
[06:34 am] Ed : monitor IOC for short
[06:35 am] Brent : watching BBY for a
short
[06:35 am] Mitch K: watching VMW for short
[06:35 am] Mitch K: watchign LQDT for top to
short
[06:36 am] Mitch K: watching STJ for top to
short
[06:37 am] Brent : watching LVS for a
bounce
[06:38 am] Mitch K: watching VVUS closer for
bottom
[06:39 am] Mitch K: watching YPF for bottom
to buy
[06:39 am] Mitch K: watching SLXP for bottom
to buy
[06:39 am] Mitch K: watching LVS for bottom
to buy, maybe low 59
[06:40 am] Mitch K: watchign JAZZ for top to
short
[06:40 am] Mitch K: watching SM for top to
short
[06:40 am] Mitch K: watching CRK for top to
short
[06:41 am] Mitch K: watching IVN for top to
short
[06:42 am] Mitch K: watching STJ for top to
short again today
[06:43 am] Mitch K: watching CREE for top to
short
[06:47 am] Mitch K: yes they are i[06:47 am]
Mitch K: watching Oii for long, i am pretty
sure the last two digits are ii, not LL
[06:48 am] Mitch K: watching IMOS for top to
short
[06:48 am] Mitch K: watching LH for top
[06:49 am] Mitch K: consider selling YPF and
watch for short on top of this bounce
[06:49 am] Mitch K: IMOS lower vol[06:50 am]
Mitch K: watching for short on VVUS
[06:50 am] Mitch K: consider selling VVUS if
long
[06:50 am] Mitch K: STJ toppy
[06:50 am] Mitch K: watching HEAT for short
soon
[06:51 am] Mitch K: watching JOY for short
soon
[06:53 am] Mitch K: watching PVR for top to
short, might take awhile
[06:56 am] Ed : monitoring CRK for short
[06:57 am] Mitch K: watching WPRT for top to
short’
[06:59 am] Mitch K: watching OPTR for bottom,
will take awhile to bottom
[07:02 am] Mitch K: missed top in TDG for
short but watching for rebound for short
entry
[07:02 am] Mitch K: watching ASH for top to
short soon
[07:02 am] Mitch K: looking for 39.25 area to
cover STJ, be flexible
[07:06 am] Mitch K: monitor AIG for trades
today
[07:11 am] Mitch K: watching CHK for bottom
to buy
[07:20 am] Mitch K: sorry
[07:20 am] Brent : watching BBY for a
bounce
[07:20 am] Mitch K: idcc[07:26 am] Mitch K:
watching IACI for bottom
[07:27 am] Mitch K: watching RRC for top to
shortr[07:28 am] Mitch K: watching WCG for
bottom to buy
[07:28 am] Mitch K: watching SLXP for bottom,
no hurry
[07:30 am] Mitch K: bouncy now
[07:30 am] Mitch K: watch CNC for bottom
[07:40 am] Mitch K: watchign ENDP for bottom
to buy
[07:44 am] Mitch K: looking for just under
$42 for CNC
[07:44 am] Brent : watching URI for a
bounce
[07:57 am] Brent : I need to reboot
[08:05 am] Mitch K: CNC a little toppy here
41.52 area, consider reducing long
[08:07 am] Mitch K: yeah id close CNC if
long
[08:22 am] Mitch K: watching ENDP for bottom
again, first one was a trade failure
[08:29 am] Mitch K: start tracking ARLP,
volatile last two days
[08:32 am] Mitch K: also watching HEAT for
short
[08:32 am] Mitch K: BVN another stock worth
watching for a short if more upside first
[08:59 am] Mitch K: watching TSLA for a
possible long
[09:02 am] Mitch K: also watching BWLD
[09:02 am] Mitch K: monitoring PNRA
[09:03 am] Mitch K: watchign EQIX for
bottom
[09:03 am] Mitch K: watchign RVBD, like chart
pattern,
[09:03 am] Mitch K: looking for a bounce in
stocks along with market indexes
[09:05 am] Ed : monitoring for long SIG
[09:07 am] Ed : also monitoring MAN for long
41.92 area
[09:10 am] Ed : ditto what Mitch said::
looking for a bounce in stocks along with
market indexes
[09:11 am] Mitch K: most stocks should bounce
when market rebounds, Nasdaq at low of day
[09:11 am] Mitch K: watching WYNN dropping,
looking for bounce
[09:12 am] Mitch K: the no-name stocks dont
respond as much on a bounce
[09:12 am] Mitch K: watch for larger and
popular stocks to bounce with market
[09:17 am] Mitch K: should get a bounce
soon
[09:26 am] Mitch K: BWLD bounce looking good,
should get over 85
[09:26 am] Mitch K: THe nasdaq bouncing
first
[09:26 am] Mitch K: starting to see
bounces
[09:27 am] Mitch K: WYNN bounce failing
[09:27 am] Mitch K: RVBD starting, EQIX
trying
[09:29 am] Mitch K: SPY starting to bounce,
SPY is the SP 500 etf[09:44 am] Mitch K: weak
bounce in indexes so far, its trying another
surge up now, BWLD has held up well
[10:03 am] Mitch K: RVBD, BWLD looking better
on bounce
[10:03 am] Mitch K: not saying anything about
the trade quality, just alerting
[10:03 am] Mitch K: FSIN dropping hard
[10:07 am] Ed : Muddy Waters commenting in
negative on FSIN
[10:09 am] Mitch K: ok if Muddy mentioned it
and it bounced, i would close your long
[10:10 am] Mitch K: Muddy Waters has a long
track record of being correct,
[10:11 am] Mitch K: is FSIN chinese stock?
[10:12 am] Mitch K: wrong keyboard, wrong
brain
[10:12 am] Mitch K: sory[10:12 am] Mitch K:
fsin[10:12 am] Mitch K: fsin[10:13 am] Mitch
K: Muddy likes to evaluate the CHinese stocks
that are weak. he hurt that forestry one,
what symbol was that?
[10:13 am] Mitch K: right, it sout of
Beijing
[10:14 am] Mitch K: i thought it was Sino
Forest
[10:15 am] Mitch K: ok its a pink sheet stock
now, he killed that one, SNOFF
[10:23 am] Mitch K: ok on the chart of the
left, the WYNN alert, you see how it didnt
have much power, pretty much followed the
market
[10:24 am] Mitch K: now on BWLD, the chart on
the right, didnt fail, just kept powering up,
stronger than the indexes and stronger than
WYNN.
[10:24 am] Mitch K: so lets say you by and if
in the following 2 candles after you bought
it and it turns down, you should be thinking
it might be a trade failure
[10:25 am] Mitch K: yeah my chart is
transparent a little qwert, i dragged it from
teh etrade platform to the projector
[10:25 am] Mitch K: so you want to mark in
your head when a trade fails you should be
getting out by selling at offer, dont have to
panic sell most of the time
[10:34 am] Ed : out all MAN long
[10:50 am] Brent : watching BWLD
[11:06 am] Mitch K: you guys watching
FSIN?
[11:20 am] Mitch K: looks like FSIN halted
[11:53 am] Brent : SPY coming into trendline
resistance
[01:00 pm] Brent : Have a good night, see you
in the morning
[01:03 pm] Ed : Have a great night
|
[06:07 am] mikewd2 -: good morning traders,
Ed
[06:09 am] mikewd2 -: Instagram only has 13
employees – wow
[06:09 am] mikewd2 -: reminds me of the dot
com bubble
[06:10 am] khall : good morning
[06:11 am] doji : Good morning fellas!
[06:11 am] mikewd2 -: hi doji[06:11 am]
joeytsa : Good morning Ed, traders
[06:11 am] joeytsa : agreed mike
[06:12 am] doji : Hi Mike, Joey
[06:12 am] joeytsa : only difference is that
Instagram actually has an office i believe
haha[06:12 am] mikewd2 -: i guess for the 13
employees – lol[06:12 am] doji : Euro down,
catching up with with WS’s yesterday
tumble
[06:12 am] mikewd2 -: wouldn’t supprise if
they telecommute
[06:13 am] eyes : Good Morning
[06:13 am] joeytsa : watching
VPHM,AKRX,WPRT,SNE in addition to the
regulars
[06:13 am] joeytsa : not sure if today will
be a lot of action or tip-toeing around
waiting for Alcoa to announce
[06:14 am] joeytsa : should set a decent
tone though, thurs/fri bigger names
announce
[06:14 am] doji : Market is in “caution”
mode at this point
[06:14 am] eddy : hello all
[06:15 am] doji : Hi Eddy
[06:15 am] joeytsa : will also watch
CREE,CALL
[06:16 am] doji : AA will be the pivot point
for this market to move higher or correct
(hardly?)
[06:16 am] ogking : GM traders
*** Brent , Welcome to the TradeStocksAmerica
Live Trading Room
[06:16 am] joeytsa : if so doji, probably
more psychologically
[06:17 am] joeytsa : this market has been
more tech moved
[06:17 am] joeytsa : ES trending down past
few hours support near 1373, res overnight
around 1381
[06:17 am] mikewd2 -: VVUS moving up
[06:18 am] mikewd2 -: FDA delayed some
decision from April 17 to July 17
[06:18 am] mikewd2 -: yet its up – go
figure
[06:18 am] scalpman : Gm all!
[06:18 am] joeytsa : Nokia talk on cnbc,
coincidently as i was reading a positive
nokia article on my homepage
[06:20 am] lisas : gm all
[06:20 am] khall : gm lisa[06:21 am] eddy :
hello brent[06:21 am] joeytsa : lisa lisa
🙂
[06:21 am] eddy : hi lisa[06:21 am] lisas :
joey joey[06:21 am] joeytsa : INFY gap down
also
[06:21 am] joeytsa : gm Brent
[06:23 am] joeytsa : will also watch BIDU
for a move over $150..not saying it will,
just setting an alert
[06:24 am] doji : Mie, are you watching VVUS
for Short?
[06:24 am] doji : Mike
[06:25 am] doji : 9:16 (Dow Jones) Vivus
(VVUS) shares recovering last night’s losses
and more premarket. Shares initially tumbled
— off more than 8% after-hours — on news
that the FDA extended its review of VVUS’s
weight-loss drug Qnexa by three months. But
analysts Tuesday morning tell market to calm
down– it’s “not a biggie,” says Cowen. Firm
believes FDA wants to approve an
anti-obesity compound, and Qnexa is “clearly
the safest and most efficacious” of those
under review by the agency. JMP Securities
also optimistic, saying it interprets the
delay as a positive that the FDA remains
focused on finding an appropriate way to
introduce Qnexa to the market. VVUS up 2.9%
at $23.58 premarket.
[06:25 am] scalpman : BIDU 150.20
[06:25 am] amma : gm all :o)
[06:26 am] joeytsa : thx doji[06:26 am]
joeytsa : yeah scalp
[06:27 am] doji : Keep an eye in DANG from
yesterday
[06:27 am] joeytsa : i didnt jump in
[06:27 am] skydiver : gm all
[06:28 am] doji : VVUS moving down
[06:29 am] mikewd2 -: no shares to short at
TS on VVUS
[06:29 am] victor51 : gm all
[06:29 am] joeytsa : VVUS sittin on
support
[06:29 am] doji : Tiem to rock!
[06:29 am] joeytsa : YPF pulled back
[06:31 am] doji : VVUS S from pre-market
[06:31 am] mikewd2 -: SODA spike
[06:31 am] doji : all out VVUS
[06:32 am] doji : yes!
[06:32 am] doji : W#atching FSLR
[06:32 am] doji : Watching DANG
[06:33 am] doji : Watching LNKD
[06:34 am] joeytsa : LNKD testing $100
[06:34 am] joeytsa : trail BIDU up
[06:35 am] joeytsa : all out BIDU
[06:36 am] doji : BAC testing 9
[06:38 am] mikewd2 -: BBY CEO resigned
[06:39 am] doji : SPY truned positive
[06:41 am] joeytsa : LNKD nice push after
cons @ $100
[06:43 am] doji : FSLR nice move up
again….
[06:43 am] skydiver : RIMM – take over
chatter circulates again
[06:45 am] doji : DANG dropping nicely
[06:46 am] joeytsa : #’s coming up in a 13
minutes
[06:46 am] joeytsa : tighten stop if long
LNKD
[06:48 am] skydiver : JOY – take over
chatter
[06:48 am] doji : What numbers Joey?
[06:49 am] joeytsa : WPRT up $1 from low
[06:49 am] joeytsa : doji: IBD/TIPP econ
optimism, WHolesale inv m/m
[06:50 am] joeytsa : BIDU coming into
support
[06:51 am] doji : Thanks Joey
[06:51 am] joeytsa : 🙂
[06:52 am] joeytsa : SINA, pull back from
dbl top
[06:53 am] joeytsa : WLT testing $60
[06:53 am] pirate : watching CRK
[06:54 am] doji : NFLX double bottom
[06:54 am] joeytsa : nice one pirate
[06:54 am] joeytsa : LNKD trying to hold
$100
[06:55 am] doji : 2nd leg long in FSLR
[06:56 am] mikewd2 -: Joy Global moves up on
renewed takeover chatter
[06:57 am] joeytsa : they need it mike, ugly
past 2 months
[06:57 am] doji : Watching FSLR for top
[06:59 am] joeytsa : WPRT testing prev hi
[07:00 am] joeytsa : LNKD held $100 for now,
see if makes new high or lower high
[07:01 am] joeytsa : AAPL market cap
$600B
[07:02 am] joeytsa : tighten stop if long
SINA
[07:03 am] doji : big drop in the SPY
[07:04 am] joeytsa : nice Ed
[07:04 am] Ed : thx
[07:05 am] skydiver : all out of CRK S –
thnx Pirate and Ed
[07:08 am] joeytsa : ES testing lows
[07:10 am] mikewd2 -: BBY short finally
started to work out, unfortunately i was
stopped
[07:11 am] khall : Mike, it was a trickeler
yesterday. Drip drip all day
[07:12 am] mikewd2 -: need a higher stop but
was worried it would take off
[07:12 am] khall : Yeah
[07:12 am] khall : always a concern
[07:16 am] mikewd2 -: CHK has support at
21.30’ish
[07:16 am] joeytsa : econ optimism up
slightly, wholesale m/m missed
[07:17 am] khall : thnx mike, joey
[07:17 am] skydiver : thnx mike on CHK
info
[07:19 am] joeytsa : BIDU sitting on lower
support now
[07:20 am] joeytsa : just a guess, but if ES
loses 1370, things might get a bit ugly
[07:21 am] mikewd2 -: ah, BBY would have been
nice
[07:21 am] joeytsa : BBY is toast
[07:22 am] mikewd2 -: CNBC kept talking up
the CEO resignation was good – and made me
tighten my stop
[07:22 am] joeytsa : might get a dozen or so
brick&morters throwing in the white
towel
[07:22 am] mikewd2 -: yep
[07:22 am] joeytsa : i hope not..but some
just cant keep up with tech
[07:23 am] joeytsa : survival of the
fittest
[07:24 am] joeytsa : GOOG reports on th,
JPM/WFC on friday…any negative talk may set
a tone and vice versa
[07:25 am] joeytsa : the %50R, which is like
Mitch’s t2108 is on a sell signal, in column
of o’s sitting @ 39.55 as of yestersdays
close
[07:26 am] joeytsa : been a long time since
this low
[07:26 am] mikewd2 -: VIX 19.41
[07:26 am] khall : hmmm
[07:27 am] joeytsa : NYSE BPI just slipped
under 70, still trying to hold on
[07:28 am] joeytsa : BBY into prev lo res
area
[07:29 am] joeytsa : JOY moving
[07:31 am] joeytsa : crude @ $102
[07:33 am] skydiver : SWN – take over
chatter
[07:34 am] joeytsa : EUR investor confidence
number terrible..-14.7 with -7.7 forecast
[07:35 am] murano : DANG
[07:36 am] mikewd2 -: 3 min fade on DANG
[07:36 am] joeytsa : SPY not far from
50ma
[07:37 am] skydiver : looks interesting Mike
on DANG
[07:38 am] joeytsa : LNKD bouncy today
[07:38 am] totora : VRTX bounce ??
[07:44 am] skydiver : SWN – finally came
down – S 29.41 – covered 3/4 29.19
[07:44 am] mikewd2 -: nice sky
[07:45 am] skydiver : 🙂 — 4 trades 4 wins
so fas[07:45 am] skydiver : far
[07:45 am] joeytsa : great trading sky !!
[07:45 am] skydiver : pocket change trades
— but wins 🙂
[07:46 am] joeytsa : if you dont want it…
haha[07:46 am] skydiver : 🙂
[07:47 am] joeytsa : vix @ 19.20
[07:48 am] joeytsa : of
AA,GOOG,JPM,WFC…whisper numbers are all
slightly higher than concensus estimates
[07:49 am] joeytsa : see you in 20
[07:50 am] mikewd2 -: CHK L not working out,
but still in it
[07:50 am] skydiver : yeah mike – I put an
order in for CHK but didn’t get filled – Was
going to go short
[07:51 am] skydiver : excuse me — Long
[07:51 am] mikewd2 -: u did good – lol[07:51
am] skydiver : lucky I guess
[07:52 am] mikewd2 -: looks like 21.02 might
be next support
[07:52 am] skydiver : yes – that is what I
was thinking Mike
[07:53 am] skydiver : out last 1/4 on SWN
Short
[07:55 am] scalpman : URI Fizzled…
[08:03 am] skydiver : TSLA – chatter that
BMW talking with TSLA – take over chatter
[08:06 am] skydiver : My time is up — see
you all tomorrow morning
[08:07 am] Mitch K: hey skydiver
[08:08 am] Mitch K: when you say your time is
up, that sounds like you are going to die
soon, maybe from a Western movie where the
bad guy says “Your time is up”
[08:08 am] mikewd2 -: CHK breaking down
[08:18 am] eddy : endp lod[08:23 am] joeytsa
: ES trying to hold 1368
[08:23 am] mikewd2 -: ARLP from yesterday is
recovering nicely
[08:24 am] joeytsa : yeah it is
[08:24 am] mikewd2 -: meant to watch it and
forgot
[08:25 am] joeytsa : same here
[08:25 am] joeytsa : i still most likely
would not have played it
[08:26 am] joeytsa : not enough volume for
me
[08:35 am] doji : One for one minute…
closing 1/2 of my shorts in VVUS, SLB and
DANG
[08:35 am] doji : back
[08:36 am] doji : See ya in 15 minutes…
back to work
[08:38 am] eddy : Thank you all
[08:38 am] eddy : see you tom
[08:39 am] Ed : c ya doji, eddy
[08:39 am] scalpman : Bye eddy
[08:42 am] murano : GMCR
[08:47 am] joeytsa : CMI trying to hold $113
now
[08:47 am] joeytsa : NFLX $105, GS $116
other watch areas
[08:56 am] joeytsa : tightent NFLX if
short
[08:56 am] joeytsa : see you all later
[09:08 am] mikewd2 -: IDCC tanking
[09:12 am] scalpman : Time to go….6/7
today…Thanks to TSA great calls.
[09:12 am] scalpman : See you tomorrow.
[09:13 am] Ed : c ya scalp. nice trading
[09:13 am] khall : great trading scalp
[09:14 am] scalpman : Thanks Ed
[09:14 am] scalpman : Thanks khall[09:15 am]
scalpman : Scalpman has left the
building!
[09:21 am] dmitry : test
[09:21 am] dmitry : test
[09:21 am] eyes : Thanks Ed
[09:22 am] Ed : no problem
[09:33 am] shark : GLD moving quickly
[09:36 am] mikewd2 -: WFT bounced off 13.35
support nicely
[09:43 am] qwert : watching OPTR
[09:58 am] mhaus : CP alert
[10:02 am] eyes : cp good earninga[10:02 am]
mikewd2 -: Canadian Pacific sees Q1 EPS
C$0.80-C$0.83, consensus C$0.65
[10:05 am] dmitry : test
[10:06 am] Ed : i c ur test dmitry[10:10 am]
joeytsa : decent action today
[10:10 am] shark : 🙂
[10:10 am] doji : ack for 15 mniutes… bill
sell of in the market
[10:11 am] joeytsa : i read this morning
that if ES lost 1370 it would run down to
1358
[10:11 am] shark : you are typing with an
accent again, doji[10:11 am] joeytsa :
decent call
[10:11 am] shark : would or could?
[10:11 am] doji : Who took NFLX short?
[10:11 am] shark : I took PCLN short
[10:11 am] qwert : trying to remember the
last symbol that muddy waters had a call on?
anybody?
[10:11 am] doji : hahah Sharky[10:11 am]
joeytsa : i had it earlier doji[10:12 am]
joeytsa : they said would haha[10:12 am]
doji : Great!. Happy for you guys….
[10:12 am] joeytsa : didnt get that last
move down though..was in teh gym
[10:12 am] lisas : lol[10:12 am] shark :
sounds chinese, does that count?
[10:12 am] doji : no ploblem mitch[10:13 am]
Ed : he speaky german[10:13 am] lisas :
lol[10:13 am] joeytsa : hah
[10:13 am] lisas : Yes, but what does he
type?
[10:13 am] doji : no ploblem[10:13 am] Ed :
engrish[10:13 am] doji : chinese
english[10:14 am] doji : no ploblem[10:14
am] lisas : engwish[10:14 am] joeytsa :
Mitch: was it SINO ??
[10:14 am] shark : 😉
[10:14 am] lisas : with the calls he give
us, he can type speak anyway he wants:)
[10:14 am] doji : Wha brought the market
dwon? any news?
[10:15 am] joeytsa : yeah i only need to
understand 4 letters haha[10:15 am] qwert :
i think so joey
[10:15 am] shark : overbought, doji[10:15
am] shark : plus europe[10:15 am] joeytsa :
curtain pulled back on the wizard of oz[10:16
am] doji : SNOFF, yes, one of our fellas
said he made $40K….
[10:16 am] doji : don’t remember his name
[10:17 am] doji : CP
[10:17 am] doji : wrong keyboard
[10:17 am] joeytsa : AMZN still
downtrending[10:17 am] doji : What is the
stock on the chart please?
[10:17 am] Brent : CP
[10:17 am] joeytsa : CP dojit[10:17 am] doji
: Thanks!
[10:18 am] murano : LULU
[10:18 am] shark : thx murano! awesome
[10:19 am] mikewd2 -: Fushi Copperweld
presents high risk of fraud, Muddy Waters
says
[10:20 am] mhaus : LQDT
[10:20 am] qwert : watching lvs[10:20 am]
mikewd2 -: sorry didn’t see Mitch posted the
FSIN note
[10:20 am] shark : LNKD not off much
today
[10:22 am] joeytsa : 1354 is support now
wow
[10:22 am] joeytsa : werent we at 1430 area
a week or 2 ago?
[10:22 am] shark : good info to keep in
mind, joey
[10:24 am] qwert : is the chart transparent
for anyone else
[10:25 am] jsn13 : Yup. qwert….
[10:25 am] lisas : yes, just trying to
figure that out, is that etrade? Didn’t know
you could do that
[10:26 am] jsn13 : so means Mitch u want
direct power up for a bounce right?
[10:26 am] joeytsa : 5 straight down days
and now a flush…
[10:26 am] joeytsa : might set up a bounce
for tomorrow, esp if AA blows up
[10:26 am] jsn13 : Mitch u would cut it off
even b4 it hits ur stop below the low?
[10:28 am] joeytsa : my madscan is
absolutely blowing up today 127K signals so
far
[10:29 am] Ed : if a stock is not acting
right, thats reason enogh to exit even if it
does not hit ur stop. This has helped me
overall
[10:30 am] Ed : everyone is different
though
[10:30 am] joeytsa : smart Ed
[10:30 am] joeytsa : no need to hold for max
pain…acting wrong then get out
[10:30 am] Ed : true
[10:33 am] Ed : downside is u exit, and it
takes off without ya, but Im willing to live
with that, cuz I feell like my system will
give me my share of winners to more than make
up for the wishing or should ‘ve would ve
could ve[10:35 am] eyes : is Cp a good
support here
[10:39 am] joeytsa : makes sense Ed
[10:40 am] joeytsa : NFLX fighting to hold
$102
[10:40 am] Ed : just my .02
[10:41 am] joeytsa : if it takes off,
nothing says you cant get back in
[10:41 am] Ed : true
[10:42 am] joeytsa : as long as nothing has
changed in your entry technique
[10:42 am] Ed : my lack of patience causes me
to move on to next idea
[10:43 am] Ed : but thats the great part of
trading finding what works best 4ur style
[10:43 am] joeytsa : same here…only time i
get those is if its on one of my flock
[10:43 am] joeytsa : exactly
[10:49 am] joeytsa : saw earlier, Fitch dg’d
las vegas’ debt rating from stable to
negative
[10:49 am] mhaus : BWLD
[10:51 am] eyes : FSIN buig move
[10:55 am] victor51 : Brent, Thanks for
BWLD
[10:57 am] Ed : nice one Brent
[10:58 am] mhaus : FSIN alert
[10:58 am] eyes : FSIN another big move
[10:59 am] mikewd2 -: FSIN not available for
short at TS
[11:00 am] joeytsa : yeah mike, on L and CB
list @ lightspeed[11:06 am] mikewd2 -: yep,
but couldn’t short
[11:07 am] victor51 : Mitch, it was great
day after a long time. I am more successful
on short than long side for long
[11:08 am] Mitch K: nice to hear victor. a
lot of traders tend to be oriented in one
direction or another but ideally its best to
be proficient at both
[11:12 am] mikewd2 -: Ed, have you been using
the chart trading on TS?
[11:13 am] Ed : not yet, how bout you?
[11:13 am] mikewd2 -: yeah, just started –
its drag and drop is pretty nice.
[11:13 am] victor51 : Thanks Mitch.
[11:13 am] eyes : DANG
[11:14 am] Ed : have to give it a try
[11:14 am] mikewd2 -: you enable it by
clicking in the chart and selecting chart
trading
[11:15 am] Ed : thx
[11:18 am] eyes : 10 trades 6 loss 3win 1 be
-150 for the day I am done for the day see
you all manana[11:19 am] Ed : c ya eyes
[11:19 am] khall : bye eyes – see ya
tomorrow
[11:19 am] Brent : have a good night eyes
[11:19 am] mikewd2 -: Rumor: Dangdang moves
off lows on renewed takeover speculation
[11:21 am] mikewd2 -: i see it still trading
Mitch
[11:22 am] victor51 : FSIN is too wild for
me to handle
[11:22 am] joeytsa : FSIN not halted
[11:22 am] joeytsa : at least yet
[11:24 am] joeytsa : Santorum throwing in
the towel
[11:24 am] lisas : Pa internal polls must be
bad
[11:24 am] mikewd2 -: about time
[11:24 am] joeytsa : no kidding
[11:25 am] joeytsa : FFIV breaking down
[11:26 am] joeytsa : now we just need Romney
to quit and get a real candidate to step
up
[11:27 am] Ed : Colin Powell
[11:27 am] joeytsa : Ed, you live close
enough to DC..you would look good in the
white house..with a suit 🙂
[11:27 am] Ed : hmmm
[11:27 am] joeytsa : get RG3 as your running
mate 🙂
[11:27 am] mhaus : Sarah Palin?
[11:28 am] Mitch K: Powell said he doesnt
want to go through what it takes to try for
President, said that 5 years ago
[11:28 am] joeytsa : seems very stressful
[11:28 am] Ed : yea, I recall, would have
been great choice though
[11:30 am] mhaus : Powell would have been a
good candidate if the Bush administration had
not screwed his reputation
[11:30 am] mhaus : He lost credibility when
he had to admit that there were no WMDs
[11:30 am] Ed : my opinion, Mark Warner is
conservative democrat, if he ran
indedpendant. Better choice than what is out
there
[11:31 am] Ed : he was scapegoat, Powell
[11:32 am] lisas : The problems with WMD, is
everyone thought they existed. Saddam WANTED
the other countries around him to think he
had them. Not often heard, was that he had
the scientists and equipment to quickly
produce bio weapons
[11:32 am] mhaus : We had Powell as a
keynote speaker in a seminar in my previous
company. He really impressed everyone.
[11:32 am] mhaus : The guy would have made a
very good president
[11:32 am] joeytsa : still think he shipped
them to syria[11:32 am] Ed : very genuine
person,
[11:32 am] joeytsa : i like powell
[11:32 am] khall : me too
[11:33 am] lisas : many think that joey,
some good evidence also
[11:33 am] joeytsa : iraq had chemical
wmd[11:33 am] lisas : he was supposed to
allow inspectors to see evidence he had
disposed of them, he wouldn’t do that
[11:33 am] joeytsa : yep
[11:34 am] joeytsa : sadly i didnt trust
hussain anymore than i did bush
[11:34 am] mikewd2 -: DANG moving again
[11:34 am] shark : SPY new lod[11:40 am] Ed
: news reporters, most think they are analyst
(CNBC)
[11:40 am] joeytsa : half right Ed…ANAL
🙂
[11:41 am] Ed : lol[11:41 am] joeytsa : like
the guys on Fast Money saying today…that
now they are worried haha[11:41 am] joeytsa
: not worried at 1410
[11:42 am] Ed : she is live from the floor,
she must be a trader
[11:42 am] joeytsa : have to check and see
what it takes to become an analyst
[11:42 am] khall : LOL right Ed
[11:42 am] Ed : part-time????
[11:42 am] Mitch K: CFA, Certified Financial
ANalyst, usually MBA required
[11:43 am] joeytsa : thanks Mitch..never
knew
[11:43 am] Ed : thats why they make big $,
eduucation[11:43 am] Mitch K: my sister was
CFA, her husband is too, Stanford, Harvard.
in same family with a trader, can you believe
that?
[11:44 am] joeytsa : interesting
[11:44 am] joeytsa : do you listent to
them?
[11:44 am] Mitch K: no, they follow the herd,
they follow the party line
[11:44 am] joeytsa : gotya[11:45 am] joeytsa
: never trusted them
[11:45 am] Mitch K:
http://www.jwz.org/blog/2005/07/make-the-pile
-higher/
[11:45 am] joeytsa : seemed to me that the
base the views off company numbers..which
cant alwasy be trusted
[11:45 am] dmitry : test
[11:46 am] Mitch K: this is how they think,
sorry to offend any analysts online
[11:46 am] joeytsa : looks like 2001 🙂
[11:46 am] khall : need to run – thanks all
– see you tomorrow
[11:46 am] joeytsa : lots of new investors
are gettig schooled today though
[11:46 am] Mitch K: bye ms hall
[11:46 am] joeytsa : by khall[11:47 am]
lisas : bye khall[11:47 am] Ed : c ya
khall[11:47 am] joeytsa : all these new
players that came in the market at the
beginning of the year and seeing nothing but
up have probably soiled themselves this
week
[11:47 am] Ed : that CFA is no joke to pass,
I only finished level 1
[11:48 am] joeytsa : thats because when
asked: “how would you recommend this to your
clients?” you answered ” Buy 1 share”
hahah[11:48 am] Ed : lol[11:48 am] Ed : good
one joey
[11:49 am] Ed : across broad asset class
too
[11:49 am] joeytsa : most also focus on
fundamental analysis
[11:49 am] Ed : and modern portfolio
theory
[11:50 am] joeytsa : whats mpt?
[11:50 am] joeytsa : diversification?
[11:51 am] Ed : a losing strategy
[11:51 am] joeytsa : good, we need them
[11:52 am] joeytsa : nothing wrong with
diversification…its just they usually
diversify you in crap
[11:52 am] Ed : basically
[11:52 am] Ed : yep, but when it takes a
dive, u just lose money faster
[11:53 am] joeytsa : on top of that, they
never tell you when to sell
[11:53 am] Ed : they dont want you too, they
want u to double down and triple down
[11:54 am] joeytsa : just hold..its always
comes back blah blah[11:54 am] Ed : no stop
loss, “hold its for the long term”
[11:54 am] joeytsa : tell that to my
worldcom holdings haha[11:57 am] joeytsa :
obama getting ready to talk on taxes
[12:00 pm] Ed : “buffet rule”
[12:01 pm] joeytsa : yep
[12:02 pm] joeytsa : be interesting to see
if the NYSE BPI flips to o’s today..should be
close
[12:02 pm] joeytsa : Dow 12720
[12:03 pm] joeytsa : guy on cnbc yesterday
was calling for dow 17k
[12:04 pm] joeytsa : PCLN trying hold prev
lo
[12:05 pm] shark : broke it, yeah
[12:05 pm] joeytsa : down $23 from highs
[12:05 pm] shark : 🙂
[12:07 pm] doji : FSLR broke 21
[12:07 pm] shark : there she goes PCLN
[12:08 pm] joeytsa : 🙂
[12:08 pm] joeytsa : just got stopped
[12:09 pm] shark : stopped? you long?
[12:09 pm] joeytsa : short, stopped for
profit
[12:09 pm] shark : nice, good job joey
[12:09 pm] joeytsa : only 100 shares
[12:10 pm] jsn13 : Brent, when you guys
developed the 3min fade strategy, did you use
the ninjatrader strategy analyzer to backtest
the strategy?
[12:10 pm] shark : 100x better than Ed!
[12:10 pm] joeytsa : haha…..still got over
3pts
[12:10 pm] shark : awesome! 😉
[12:11 pm] joeytsa : just didnt feel like
putting up $3/4M
[12:11 pm] joeytsa : 🙂
[12:11 pm] Brent : no, just manually
backtested it
[12:11 pm] shark : that’s the problem, you
got to take the feelings out
[12:12 pm] joeytsa : no feelings..just didnt
have $750K to go all in 🙂
[12:12 pm] jsn13 : how far back did you test
it then? Isn’t it a lot to test manually?
[12:13 pm] shark : all in on one trade…a
bit heavy here
[12:13 pm] joeytsa : 🙂
[12:14 pm] joeytsa : on high priced stocks i
drop share size
[12:14 pm] shark : I like to use options as
well
[12:14 pm] joeytsa : esp when i think i will
still get multipoint moves
[12:14 pm] joeytsa : yeah i really need to
get back into thsoe[12:14 pm] shark : some
of the weeklys ATM are pricey though
[12:15 pm] joeytsa : not as pricey as going
full shares though
[12:15 pm] shark : but can run 50% real
quickly if you get direciton right
[12:15 pm] shark : limited risk if it runs
the other way
[12:15 pm] shark : as well
[12:15 pm] joeytsa : right
[12:15 pm] doji : FSLR jumped over 7%
[12:16 pm] shark : PCLN still above 10day
ma
[12:16 pm] doji : second day trading FSLR
long…. no need to trade for the next weeks
I will be travelling
[12:16 pm] doji : yes!
[12:16 pm] shark : WOW, doji!
[12:16 pm] shark : lots of travels for
you
[12:17 pm] shark : where to this time?
[12:17 pm] doji : NExt week going to Mexico,
then flying to Dubai and then back to
Rio….
[12:17 pm] shark : :O
[12:17 pm] shark : skype no good for you?
[12:18 pm] doji : Have my compnary’s
cellphone, no need for Skype
[12:18 pm] shark : ahhh[12:19 pm] doji : I
am tired…. flying so often get you
drained…
[12:19 pm] shark : yeahhh[12:19 pm] shark :
getting lots of mileage points too
[12:19 pm] doji : and most important, not
let me trade so ofen[12:19 pm] joeytsa :
nice moves on PCLN
[12:19 pm] doji : yes Sharky…
[12:19 pm] doji : but my wife uses all of
them!… hahah[12:20 pm] shark : lol[12:20
pm] joeytsa : love free mileage flights
[12:23 pm] doji : I agree with Joey’s
comments that after so many days down and the
flush today, we should see a rebound in the
market tomorrow?
[12:23 pm] joeytsa : i said theres a chance
haha[12:23 pm] jsn13 : Ed, did u trade CRK
in the am around 6.50 pst….what is the
signal for reversal of the short at around
16.40?
[12:23 pm] joeytsa : if AA disappoints all
bets off
[12:25 pm] joeytsa : so AA, which has been
around forever is hoping they only lose
5cents a share
[12:25 pm] doji : Alcoa (AA), whose report
is widely considered the kickoff of the new
earnings season, is forecast to swing to a
first-quarter loss of 3 cents a share,
according to FactSet Research . Adjusted
earnings were 28 cents a year ago. Revenue
is expected to fall 3% to $5.77 billion .
[12:25 pm] Ed : yes jsn13
[12:25 pm] joeytsa : whisper on them is loss
of 6cents
[12:25 pm] doji : so 100% increase in
losses
[12:25 pm] Ed : on 1min u had 2 confimring
signals
[12:26 pm] joeytsa : doji: my # were
concensus estimate per
earningswhisper.com
[12:27 pm] Ed : the doji at 9:52est and
shooting star @ 9:54, and vol. pushing price
into resistance area on daily
[12:27 pm] Ed : vol on 9:51 bar
[12:27 pm] Ed : these are est. times
[12:28 pm] jsn13 : so which bar did u get in
with what entry price?
[12:29 pm] doji : Ed, you are a
“Monster”….
[12:29 pm] doji : Eddy “Monster” Calls
[12:29 pm] Ed : I cheated, placed entry ahead
of trade 16.44
[12:30 pm] Ed : me cheating was aggressive,
normally I would be entering on the 9:55 est
bar
[12:30 pm] doji : At least you are
honest….
[12:30 pm] Ed : lol[12:30 pm] shark : what
stock, ed?
[12:30 pm] Ed : CRK
[12:30 pm] Ed : this am
[12:31 pm] shark : ahh, gotcha
[12:31 pm] jsn13 : What??? Ed u have to be
consistent…. 🙂 how u find the level?
[12:32 pm] Ed : I is consistent, but u will
learn to “get ahead of trade” also
[12:32 pm] doji : Here the market trying to
move up…
[12:33 pm] Ed : I was flexible in price, I
was hoping it moved up more so I could add
but did not. But I got price from looking at
potential areas of resistance
[12:33 pm] Ed : on daily
[12:34 pm] Ed : the only reason I did not add
on the 9:54 bar is I could not find my
mouse
[12:34 pm] joeytsa : haha[12:34 pm] Ed :
sorry 9:55 bar
[12:34 pm] shark : haha[12:35 pm] jsn13 :
can
[12:35 pm] jsn13 : typo…
[12:35 pm] Ed : could
[12:35 pm] Ed : maybe
[12:35 pm] Ed : might
[12:35 pm] Ed : typo
[12:36 pm] Ed : just messing with u jsn13
[12:36 pm] jsn13 : so where is the next
level that u want to add and where is ur
preferred level…
[12:37 pm] jsn13 : haha….nice one….but
at that point where is ur stop?
[12:37 pm] Ed : I was lookin at .59, .68,
.85
[12:39 pm] Ed : when I moved ahead of trade
in case of CRK and had great price, I would
have added at .59 but stopped at .63, and
reevaluate from sidelines
[12:40 pm] Ed : If I had not gotten ahead of
trade, I would have enterred on 9:55 bar and
place stopped just over high of day
[12:41 pm] jsn13 : means for ur first entry,
u place ur order even b4 the doji and
shooting star patterns formed? is it after
the first top failed?
[12:42 pm] jsn13 : and where is ur first
level of suport to take profit?
[12:42 pm] Ed : all b4, I learned this
strategy from Mitch, it is an advanced
technique
[12:42 pm] Ed : when ur getting ahead of
trade long/short
[12:44 pm] Ed : took it at 20 sma[12:45 pm]
Ed : on 1min
[12:46 pm] joeytsa : came right to the vwap
@ 7:01 pst[12:46 pm] Ed : sure did
[12:46 pm] jsn13 : did Mitch teach this
strategy at the seminar? but why not add at
the red bar after the doji whihc shows a
lower low?
[12:47 pm] Ed : I wanted too, but could not
find mouse, missed entering
[12:47 pm] Ed : He talked about it in trading
room over year ago
[12:48 pm] Ed : then I went and butchered it
in practice on sim[12:48 pm] qwert : that
trading style reminds me of adriano[12:48 pm]
doji : MAke sure next time you don;t eat
your mouse….
[12:48 pm] jsn13 : Ed can u teach us?
Please…..im tired of being a tad early or
late….
[12:49 pm] Ed : 2 funny doji[12:49 pm] doji
: Cat tates better
[12:49 pm] doji : or dogs if you are in
China
[12:50 pm] doji : or guinea pigs if you are
in Peru
[12:50 pm] jsn13 : so if u add at the red
bar, with a stop above the hod, u would have
been stopped out….
[12:50 pm] doji : or armadillos if you live
in the Great State of TExas[12:50 pm] shark
: INVN new lod[12:51 pm] Ed : no, stop just
above hod, so normally if im entering on the
9:55 bar price of 16.23, my stop would have
been 16.49
[12:54 pm] joeytsa : Ed what was your first
profit target price wise??
[12:54 pm] Ed : for now, I would focus on
reading the setup and managing the trade, if
these are not mastered it will not matter
about getting in trade early
[12:54 pm] Ed : 16.18
[12:55 pm] jsn13 : so means ur predetermined
level always comes first, and if the price
turns a little b4 the level, u would look for
confimration to enter…like ur SIG and MAN
trades?
[12:56 pm] Ed : Not sure I understand
question
[12:58 pm] Ed : levels as far as
support/resistance?
[12:58 pm] jsn13 : liek for MAN trade juz
now, u look for 41.92 area but it turned at
42.25 area, u would still go in after u see
the doji? yup S/R level that u r interested
in…
[12:58 pm] Ed : Exactly,
[12:58 pm] Ed : This is why I always say dont
get fixated on price
[12:59 pm] Ed : It would be too easy if it
work that way
[12:59 pm] Ed : This is why MJitch always
talks about being flexible
[12:59 pm] joeytsa : amen
[12:59 pm] eddy : bye all
[01:00 pm] eddy : i just came back for
10mns
[01:00 pm] joeytsa : being flexible is
knowing what you will do no matter which way
the stock goes…before you enter the
trade
[01:00 pm] joeytsa : bye Brent thx
[01:01 pm] doji : LEt’s see how AA reports
today
[01:01 pm] victor51 : Thanks Brent..BWLD
short was sweet…
[01:01 pm] Ed : agreed joey
[01:02 pm] doji : See ya guys
[01:02 pm] joeytsa : Hope everyone has a
great day
[01:03 pm] joeytsa : thank you Mitch,
Brent,Ed, traders
[01:03 pm] lisas : bye all
[01:03 pm] lisas : bye all
[01:04 pm] victor51 : Bye Mitch, Brent,
Ed
[01:04 pm] jsn13 : ok i guess i see what u
mean…thanks Ed….its juz a very small
difference in perspective…
[01:04 pm] victor51 : Bye Lisas and Joey
[01:04 pm] joeytsa : later victor
[01:08 pm] Ed : yea jsn13, ur always looking
for optimal pricing as to how one comes up
with those numbers, but if ur getting good
confirmation b4 hand, that the opportunity
right in front of you
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