[06:02 am] Ed : good morning
[06:28 am] Mitch K: then looking for good
longs
[06:28 am] Mitch K: i would think the initial
pops will get sold into which gives us good
shorts
[06:28 am] Mitch K: we should get good trades
both way but the long side should start
getting stronger today than in past days.
[06:29 am] Mitch K: we have had 10 out of the
last 11 trading days in the red so the odds
are getting good for rebounding days,
probably starting with today as a positive
day up
[06:30 am] Mitch K: Even though i try some
sort of daily forecast of the market, try not
to get too one sided in thinking, be very
flexible
[06:31 am] Mitch K: watching PLCE for top to
short
[06:31 am] Mitch K: watching CTAS for
bottom
[06:31 am] Mitch K: watching VNET for
bottom
[06:31 am] Mitch K: watching GRPN for bottom,
letting it drop more
[06:32 am] Mitch K: watching DNKN for
bottom
[06:32 am] Mitch K: watching GME for bottom
to buy
[06:32 am] Mitch K: watching ONXX for bottom
to buy
[06:33 am] Mitch K: watching PANL for
bottom
[06:33 am] Mitch K: watching GPC for
bottom
[06:33 am] Mitch K: watching AAP for bottom,
Advanced Auto parts
[06:33 am] Mitch K: watching ACHC for top to
short
[06:34 am] Mitch K: watching for short entry
into SHLD, Sears
[06:34 am] Mitch K: watching LTD for top to
short
[06:34 am] Mitch K: watching VMC for
bottom
[06:35 am] Mitch K: watching BRKR for
short
[06:36 am] Mitch K: watching GRPN closely,
should bounce soon
[06:36 am] Mitch K: watchign GPC closerly
[06:37 am] Mitch K: watching ROSG for
short
[06:37 am] Mitch K: watching ALKS for bottom
to buy
[06:37 am] Mitch K: watching UTX for bottom
to buy
[06:38 am] Mitch K: watching CTAS closer
[06:39 am] Mitch K: watching PHMD for bottom
to buy
[06:39 am] Mitch K: watching JACK for
short
[06:39 am] Mitch K: watching for 47.50 area
to cover LTD
[06:40 am] Ed : watching for bottom HLF to
take long
[06:41 am] Mitch K: to buy
[06:41 am] Mitch K: watching DLR for
bottom
[06:41 am] Mitch K: watching P for bottom to
buy
[06:42 am] Mitch K: watching ACHC to cover
short soon
[06:42 am] Mitch K: watching MAKO for bottom
to buy
[06:43 am] Mitch K: consider selling GRPN
here 12.90 area
[06:43 am] Mitch K: consider covering BRKR
short
[06:44 am] Mitch K: or more
[06:44 am] Mitch K: consider selling half of
VMC long
[06:45 am] Mitch K: watching AVEO for bottom
to buy, bouncing
[06:45 am] Mitch K: Advanced Auto
[06:45 am] Mitch K: consider selling most of
AAP long
[06:45 am] Mitch K: watching AVEO for bottom
to buy
[06:45 am] Mitch K: looking for 43.75 area to
cover BKE< be flexible
[06:46 am] Mitch K: watching URI for bottom
to buy
[06:46 am] Mitch K: always liked trading
AIG
[06:46 am] Mitch K: watching AIG for bottom
to buy,
[06:46 am] Mitch K: watching BRC for bottom
to buy
[06:47 am] Mitch K: watching GSVC for bottom
to buy
[06:47 am] Ed : if u took HLF short on break
of lOD would cover some here
[06:47 am] Mitch K: consider selling 1/3rd of
ALKS long
[06:48 am] Mitch K: looking for 44 area to
cover BKE, be flexible
[06:48 am] Mitch K: watching HLF for bottom
to buy
[06:48 am] Mitch K: watching EC for bottom to
buy
[06:49 am] Mitch K: lot of downside on
NTES
[06:49 am] Mitch K: more downside on NTES
[06:49 am] Mitch K: consider selling VMC
[06:50 am] Mitch K: consider selling most of
AAP
[06:50 am] Ed : SPY new lod
[06:50 am] Mitch K: watching PHMD for bottom
to buy
[06:51 am] Mitch K: watching NUS for bottom
to buy
[06:51 am] Mitch K: watching S V V C for
bottom to buy
[06:52 am] Mitch K: watching KKR for bottom,
more cautious
[06:52 am] Mitch K: watching EXP for bottom
to buy
[06:53 am] Mitch K: consider covering BRKR
[06:56 am] Mitch K: watching CAT for bottom
to buy
[06:57 am] Mitch K: watching NUS closer
[06:57 am] Mitch K: consider selling or
reducing ALKS long
[06:57 am] Mitch K: we are at 11 out of last
12 trading days in the red
[06:58 am] Mitch K: looking for 15.40-15.50
area to sell PHMD long, be flexible
[06:58 am] Mitch K: watching URI closer
[07:02 am] Mitch K: watching DE for bottom to
buy
[07:05 am] Mitch K: you should be out of NTES
short, getting good bounce, watch for 2nd
short later
[07:05 am] Mitch K: watching LQDT for bottom,
good looking chart
[07:06 am] Mitch K: watching CMI for bottom
to buy
[07:07 am] Mitch K: watching JACK closer for
short cover, more downside though
[07:07 am] Mitch K: watching HUN for bottom
to buy
[07:08 am] Mitch K: watching LQDT closely
[07:09 am] Mitch K: keep tracking HUN
[07:09 am] Mitch K: consider reducing GME
long
[07:10 am] Mitch K: EXP bottoming
[07:10 am] Ed : getting some buyers
[07:11 am] Mitch K: helping the stocks that
dumped
[07:11 am] Mitch K: good bounce in market
indexes
[07:13 am] Ed : monitori NUS for bottom to
buy
[07:14 am] Mitch K: looking for shorts on top
of some of these bounces like CLF
[07:15 am] Mitch K: watching for top in DRQ
to short, missed bottom
[07:18 am] Mitch K: consider covering JACK
[07:19 am] Mitch K: consider selling DE
[07:19 am] Mitch K: watching for short on top
of WLT bounce
[07:19 am] Mitch K: on the top of this
bounce
[07:19 am] Mitch K: watching NTES for 2nd
helpin gshort
[07:20 am] Mitch K: consider selling most of
P if long
[07:22 am] Ed : if u took NUS long would
reduce
[07:23 am] Mitch K: consider selling GME;
watch for short soon
[07:24 am] Mitch K: watching NTES closely for
2nd helping short soon
[07:25 am] Mitch K: not much strength in LQDT
bounce
[07:33 am] Mitch K: can we take a poll on
what you guys think FB will do at the opening
and first hour tomorrow
[07:36 am] Mitch K: ok jolli, the IPO price
is around 38 max, are you saying it opens up
at $68
[07:37 am] Mitch K: if it opens up anywhere
what you guys are talking about in the 60s, i
would look for the FIRST BIG DROP and then a
bottom to buy for a few points
[07:38 am] Mitch K: it all depends upon how
high it opens, if it is a down day overall
and it keeps FB in a subdued levels, a big
drop may not happen and it could trend up a
little for an hour or two
[07:39 am] Mitch K: but the only way i would
play it is if it really spikes up at open and
watch for selling. i think it will get a lot
of selling
[07:42 am] Mitch K: my mouth will start
watering if FB really moves up a lot so the
opening is really high, then a multipoint
drop or more is more likely
[08:01 am] Mitch K: watching LQDT closely
[08:07 am] Ed : SPY trading in a range
[08:14 am] Ed : ADvanced trade watching for
bottom to buy thx joey
[08:23 am] Ed : sorry did not post symbol
guys
[08:35 am] Ed : SPT approachn lod
[08:42 am] Mitch K: for a long bounce
[08:42 am] Mitch K: starting to monitor DKS
for bottom
[09:06 am] Ed : SPY new lod
[09:12 am] Mitch K: anyone go after LQDT?
look for short
[09:13 am] Mitch K: consider covering GME
ifshort
[09:21 am] Ed : market internals tryn to stay
green
[09:33 am] Ed : on left
[09:33 am] Ed : US dollar index
[10:05 am] Ed : market internals improving on
markets
[10:09 am] Ed : AAPL to use SPWR solar panels
for solar farm
[10:17 am] Ed : SPY pullinng back to
potential support
[10:31 am] Ed : watching KSU for bottom to
buy thx joey
[10:34 am] Ed : will pass on KSU unless get
some selling under 66
[10:47 am] Mitch K: also watching AKAM spike,
looking for short
[10:47 am] Mitch K: watching VNET spike
[10:54 am] Mitch K: SPY turning up
[11:29 am] Ed : monitoring JBHT for potential
long, would like more selling into 51.87
area
[11:35 am] Ed : more selling in markets
[12:09 pm] Ed : SPY new lod
[12:22 pm] Ed : passing on JBHT idea
[12:30 pm] Ed : more selling in markets
[12:43 pm] Ed : more selling
[01:00 pm] Mitch K: later guys
[01:00 pm] Ed : have a great evening
|
[06:11 am] joeytsa : another company that
just might not survive
[06:15 am] eddy : jpm aded nother i billion
loss in 4 trading days .unbelievable those
pple
[06:15 am] eddy : i=1
[06:16 am] eddy : banks will soon become
good traing opportuinity for us
[06:17 am] cdougan : Morning all
[06:18 am] lisas : gm all
[06:20 am] scalpman : gm all
[06:23 am] eyes : Good Morning ED MItch
Everyone
[06:23 am] qwert : gm eyes
[06:24 am] skydiver : gm all
[06:25 am] shark : watching AAP
[06:26 am] skydiver : nice one shark –
AAP
[06:26 am] joeytsa : they dropped along with
ORLY
[06:27 am] shark : and AZO
[06:27 am] skydiver : interesting
[06:27 am] shark : these 3 may be ‘done’
[06:27 am] skydiver : I read that Facebook
is doubling the number of shares for it’s IPO
coming jp
[06:27 am] joeytsa : 3?? haha
[06:27 am] shark : watching GOOG for FB
effect spillover
[06:28 am] joeytsa : i saw they cant price
the ipo higher than $39
[06:28 am] skydiver : thnx joey
[06:28 am] shark : 25% more shares, sky
[06:28 am] joeytsa : probably open at 70
haha
[06:28 am] skydiver : thnx shark – mis –
read 🙂
[06:28 am] joeytsa : thx Mitch
*** austria -, Welcome to the
TradeStocksAmerica Live Trading Room
[06:29 am] eddy : thx mitch
[06:29 am] skydiver : yes – thnx Mitch
[06:30 am] victor51 : gm all
[06:30 am] skydiver : gotcha Mitch – thnx
[06:31 am] joeytsa : PLCE
[06:31 am] shark : GOOG
[06:33 am] skydiver : HLF – missed drop
[06:33 am] shark : AAP new lod
[06:34 am] skydiver : SPY – testing low
[06:36 am] joeytsa : bombs away
[06:37 am] joeytsa : low priced ROSG from
yseterday on a nice move
[06:38 am] shark : yeah
[06:38 am] joeytsa : AAP lod
[06:39 am] shark : Below 200day ma -ugh
[06:39 am] shark : AAP
[06:39 am] skydiver : HLF dropping more
[06:39 am] joeytsa : good
[06:39 am] joeytsa : ES might lose 1320
[06:39 am] skydiver : CRM coming down
nicely
[06:40 am] shark : GOOG nearing lod
retest
[06:40 am] joeytsa : out AAP
[06:40 am] joeytsa : thanks shark for AAP
[06:41 am] skydiver : all out of CRM S
[06:41 am] skydiver : SINA jumping
[06:42 am] skydiver : well SINA bouncing is
better term 🙂
[06:42 am] joeytsa : AAPL testing prev low
area
[06:42 am] shark : GPC testing lod
[06:42 am] skydiver : AAP bouncing up
[06:42 am] shark : great bounce AAP
[06:43 am] skydiver : HLF – found bottom?
[06:43 am] joeytsa : maybe , sitting on prev
hi
[06:43 am] shark : testing be area, joey
HLF
[06:44 am] eddy : all out grpn 12 .85
[06:44 am] skydiver : good one eddy 🙂
[06:44 am] shark : GPC new lod
[06:44 am] eddy : thx sky
[06:45 am] joeytsa : AAP just beautiful
today
[06:45 am] skydiver : yes joey – I missed
the short but caught the long
[06:46 am] joeytsa : nice going
[06:46 am] skydiver : thnx Shark for AAP
[06:46 am] shark : 😉
[06:46 am] joeytsa : ES testing lows
[06:46 am] skydiver : glad I passed on JOY L
–
[06:47 am] shark : GOOG new lod
[06:47 am] skydiver : HLF still dropping
[06:47 am] joeytsa : HLF failed
[06:47 am] skydiver : glad I passed on HLF L
🙂
[06:48 am] shark : HLF wants a retest of
be?
[06:48 am] skydiver : looks like it shark
[06:48 am] skydiver : watching JOY for a
bottom
[06:48 am] skydiver : all out of AAP L
[06:49 am] shark : Awesome sky! 🙂
[06:49 am] skydiver : 🙂
[06:49 am] joeytsa : nice one sky !!!
[06:49 am] pow : still short aapl, covering
into strength
[06:49 am] joeytsa : expecting another move
also
[06:49 am] shark : AAPL lod
[06:50 am] pow : trailing stop on remaining
of aapl
[06:51 am] shark : CMG testing 400 area
[06:51 am] joeytsa : AAPL is a dog haha
[06:51 am] shark : LULU testing 70 area
[06:51 am] shark : 1st 15%+ correction on
AAPL
[06:51 am] shark : in like 4 years or so
[06:52 am] joeytsa : LNKD made a stand at
$110, watch area
[06:52 am] skydiver : thnx again shark for
AAP – I had purchased 600 shares – gives me a
nice start 🙂
[06:52 am] shark : :))
[06:53 am] joeytsa : nice going
[06:53 am] eddy : hlf tricky today
[06:54 am] skydiver : yes eddy – I agree
[06:54 am] mikewd2 -: sure is eddy, already
headfaked once.
[06:54 am] mikewd2 -: on long
[06:54 am] joeytsa : yes if you are trying
to go long
[06:55 am] eddy : i pass hlf
[06:55 am] eddy : there are so many
others
[06:55 am] skydiver : good thinking eddy
[06:55 am] joeytsa : nice move for WMT
today..decent earnings
[06:56 am] shark : they proved the market
wrong, joey
[06:56 am] skydiver : trying to ride CRM
waves
[06:56 am] joeytsa : Philly Fed report out
in a few
[06:56 am] skydiver : thnx joey
[06:56 am] joeytsa : they got dumped because
of that mexico situation
[06:56 am] shark : you ‘da CRM man, sky
[06:57 am] skydiver : surfs up 🙂
[06:57 am] joeytsa : CRM a lot of room to
fall if it loses this support
[06:57 am] shark : wall street must have got
a good deal on red ink, Mitch
[06:57 am] mikewd2 -: got to reverse someday
Mitch, or does it?
[06:58 am] skydiver : gotcha joey on CRM –
thnx –
[06:58 am] shark : PANL
[06:58 am] shark : nice bounce, missed it
[06:59 am] skydiver : SPY trying to come
up
[06:59 am] skydiver : watching JOY
[06:59 am] shark : yes, totally Sky
[06:59 am] joeytsa : vix @ 22.63
[06:59 am] joeytsa : ES into triple top
res
[07:00 am] chinhngo : long nus at 44.0
[07:00 am] joeytsa : bombs away !
[07:00 am] skydiver : there goes SPY down
[07:00 am] mikewd2 -: phili fed -5.8
[07:00 am] joeytsa : fall baby
[07:00 am] skydiver : yes CRM – drop !!
[07:01 am] shark : thx for the warning, joey
🙁
[07:01 am] joeytsa : 🙂
[07:01 am] mikewd2 -: vix over 23
[07:01 am] joeytsa : may not be done
[07:01 am] pow : we are getting the flush
today
[07:01 am] skydiver : all out of CRM S
[07:01 am] joeytsa : good, much needed
[07:01 am] shark : watching LULU
[07:01 am] shark : :O wow sky!
[07:02 am] shark : great timing
[07:02 am] pow : still short aapl
[07:02 am] shark : AAPL swing been nice,
pow
[07:02 am] skydiver : nice pow
[07:02 am] joeytsa : quick ES trade 🙂
[07:02 am] mikewd2 -: CMG below 400
[07:02 am] shark : 🙂
[07:03 am] skydiver : watching CRM and JOY
for L
[07:03 am] shark : like to see $350 area
CMG
[07:03 am] skydiver : depending on how far
SPY drops
[07:03 am] joeytsa : at this rate we will be
under 1300 soon
[07:04 am] joeytsa : maybe FB can be the new
AAPL?
[07:04 am] skydiver : SINA Tripple bottom or
maybe quad bottom
[07:04 am] shark : what time does the SPY
get to 1300 joey?
[07:04 am] shark : need to sync my watch.
[07:04 am] joeytsa : when its ready haha
[07:04 am] shark : 🙂
[07:05 am] joeytsa : like Mitch said, i can
see some buying come in today
[07:05 am] joeytsa : but honestly, that
Philly Fed # was terrible
[07:05 am] shark : LNKD below 110 now
[07:05 am] skydiver : TPX has dropped
today
[07:05 am] joeytsa : europe is a mess,
china has been slowing down
[07:07 am] skydiver : SPY bouncing up
[07:08 am] eyes : L CTAS 36.86 out 37.00
stoped out
[07:08 am] pow : nice orderly selling. my
screens almost froze
[07:09 am] ben4givn : PHM looks to bounce
[07:09 am] skydiver : L JOY 58.91
[07:10 am] skydiver : oiut 1/2 JOY L
[07:10 am] joeytsa : WLT nice recovery,
missed it, see where it goes
[07:10 am] shark : wow joey
[07:10 am] shark : LNKD spike
[07:11 am] shark : retakes 110
[07:11 am] shark : bounced off S2 lod
-LNKD
[07:11 am] joeytsa : yeah right back into
prev low
[07:11 am] eddy : NUS is tanking
[07:11 am] skydiver : all out of JOY L
[07:12 am] qwert : DE nice bounce
[07:13 am] eyes : Ed any thoughts on URI
[07:14 am] eddy : l nus 43.33
[07:15 am] skydiver : DE climbing nicely
[07:19 am] skydiver : all out of DE L
[07:19 am] skydiver : thnx Mitch
[07:19 am] eyes : L HUN 13.71 out 1/2 13.79
1/2 13.81
[07:20 am] qwert : thx for DE awesome
[07:20 am] mikewd2 -: SLW
[07:21 am] skydiver : PANL being defended
[07:22 am] eyes : Uri was nice missed it
[07:23 am] skydiver : NFLX has come up
nicely
[07:23 am] joeytsa : AAPL back to prev lo
res area
[07:23 am] eddy : all out NUS43.49
[07:23 am] eddy : thx ed
[07:24 am] joeytsa : ES in a 2pt range right
now
[07:24 am] joeytsa : watching for a break
[07:24 am] skydiver : CRM approaching
vwap
[07:25 am] joeytsa : GS trending up
[07:25 am] eyes : L first GME 19.25 out
19.39
[07:26 am] skydiver : all out of CRM L
[07:26 am] qwert : hows it goin today
eyes
[07:26 am] eyes : 3 for 3 up 48 after
commisions small positions
[07:27 am] qwert : thats awesome
[07:27 am] joeytsa : ES lost support
[07:27 am] skydiver : keybank says the sell
off on PANL is excessive
[07:28 am] joeytsa : watching PCYC
[07:30 am] qwert : azo at lod
[07:31 am] joeytsa : HLF is just
beautiful
[07:31 am] skydiver : nice joey –
[07:32 am] eddy : are you short hlf joey?
[07:33 am] qwert : sure
[07:33 am] joeytsa : i was
[07:33 am] skydiver : green is beautiful –
makes my Irish wife happy – she loves to wear
the green
[07:33 am] skydiver : Sounds good chMit
[07:33 am] skydiver : Mitch
[07:33 am] qwert : nice joey
[07:33 am] joeytsa : ES sitting on some
support
[07:33 am] eyes : jupm to fifty real fast
[07:34 am] eyes : URI double bottom
[07:34 am] joeytsa : hmmm FB??
[07:35 am] jolliffboy : FB will pop straight
up $30 in first hour.
[07:35 am] skydiver : I think FB will jump
up pretty fast, slow down and come down a
bit, then climb further – my inexperienced
guess
[07:35 am] joeytsa : FB open @ $64, quick
$20 drop
[07:36 am] cdougan : I wonder if ZNGA will
move tommorow.
[07:36 am] joeytsa : no $68 is way too
high..only $64 haha
[07:37 am] totora : inside owners will sell
half of their stocks
[07:37 am] joeytsa : market makers are
licking their chops for tomorrow
[07:37 am] jolliffboy : Mitch, that is a
total swag….”scientific wild a__ guess”.
[07:37 am] eyes : ANY thought on URI HERE
puting in a double bottom
[07:37 am] totora : but alot of buyers so
will hit 100…
[07:38 am] joeytsa : exacly Mitch
[07:38 am] joeytsa : have they set an open
time?
[07:38 am] skydiver : sounds good Mitch —
will go with your recommendation
[07:39 am] joeytsa : agreed
[07:40 am] skydiver : I haven’t heard one
what time it will open joey – anyone know?
[07:40 am] eyes : QWERT AZO turning
[07:41 am] joeytsa : thanks sky, i havent
heard yet
[07:41 am] joeytsa : i do know that every
acne-infested kid is telling their parents
how great facebook is
[07:41 am] skydiver : that’s for sure
joey
[07:42 am] skydiver : I think even the
street people will be buying FB
[07:42 am] joeytsa : yeah Mitch, possibly
50% pullback
[07:43 am] skydiver : how remind me – one
cannot short an IPO – right?
[07:43 am] eyes : It got slow really fast
[07:43 am] joeytsa : it will be an Advanced
trade i would think
[07:43 am] scalpman : Out 1/2 NTES S 1%
[07:43 am] joeytsa : no ipo shorting
[07:43 am] skydiver : thnx joey –
[07:43 am] joeytsa : used to be 6 months,
not sure if that changed?
[07:44 am] joeytsa : or 90 days i cant
remember
[07:44 am] joeytsa : union break 😉 see
you in 20, great morning
[07:44 am] skydiver : enjoy joey
[07:46 am] scalpman : OUt another 1/4 NTES
S
[07:46 am] victor51 : expe moving thanks
mitch
[07:47 am] scalpman : Allout NTES…good
month Mitch
[07:50 am] scalpman : WAtch LQDT
[07:56 am] eddy : all out hlf 47.60
[07:56 am] Ed : nice trade eddy
[07:56 am] qwert : way to go eddy
[07:56 am] eddy : entry 47.04
[07:56 am] skydiver : nice eddy
[07:56 am] eddy : thx guys
[08:01 am] eddy : ed on hlf i trailed the
second 50 % with a .10 trail you think i
should have increased the range?
[08:03 am] Ed : thats fine,
[08:03 am] eddy : k thx
[08:05 am] joeytsa : nice trade eddy !!
[08:07 am] eddy : thx joey
[08:08 am] joeytsa : KEX dropping a bit
[08:13 am] aussie123 : My wild un=educated
guess on FB $52
[08:14 am] joeytsa : your guess is probably
closer to reality than what i posted
[08:14 am] joeytsa : 🙂
[08:15 am] joeytsa : im covering
[08:15 am] aussie123 : missed yours
Joe…what was it???
[08:15 am] joeytsa : FB open @ $64, quick
$20 drop 🙂
[08:15 am] joeytsa : covered a bit to
quick
[08:17 am] Ed : i would say joey
[08:18 am] joeytsa : i jumped back in
hahaha
[08:18 am] joeytsa : much smaller lot
[08:19 am] skydiver : Have a good day all –
out of time — had a great day!! 🙂 See you
all tomorrow morning
[08:20 am] qwert : cya sky
[08:20 am] joeytsa : see ya sky
[08:20 am] joeytsa : KEX: outlook at low end
of the range
[08:21 am] victor51 : FB $75 and then drop
$20
[08:21 am] qwert : this kex drop from an
earnings miss?
[08:22 am] joeytsa : at least an outlook
[08:22 am] qwert : wow
[08:23 am] joeytsa : just trail it up
[08:24 am] eyes : well it looked like a nice
one missed it
[08:25 am] cdougan : all out on kex
[08:25 am] qwert : nice cdougan
[08:25 am] Ed : nice trade cdougan
[08:25 am] eyes : what was your entry CD
[08:25 am] scalpman : Mitch Target on LQDT
L
[08:26 am] cdougan : 54.76
[08:26 am] eyes : Nice
[08:26 am] cdougan : then i trilaed it and
got stopped out at 55.84
[08:26 am] eyes : +1 point good
[08:27 am] eddy : out halk lqdt at 54.70
trailing second half
[08:27 am] eyes : URI
[08:27 am] eddy : 53 not 54
[08:27 am] cdougan : thanks. and thanks
Joey!
[08:28 am] eddy : all out lqdt
[08:28 am] eyes : bounceing off 200
[08:28 am] joeytsa : no prob cdoug, glad you
got some !!!
[08:30 am] scalpman : All out LQDT L
[08:30 am] mikewd2 -: dang, to slow was
entering a short on KEX
[08:30 am] joeytsa : trail KEX back down
[08:30 am] joeytsa : might not be as good
though
[08:30 am] cdougan : that’s the fastest drop
i’ve seen in my 2.5 weeks of trading:)
[08:31 am] mikewd2 -: yeah, i was entering a
short at 57 and as i clicked it shot down
[08:31 am] joeytsa : i got it at 57.25
[08:32 am] mikewd2 -: nice joey – great entry
price
[08:32 am] joeytsa : shorted it on the way
up
[08:32 am] joeytsa : stopped out now
[08:33 am] joeytsa : anytime i see a stock
listed as “CB”, i tend to short a bit earlier
than normal
[08:34 am] cdougan : CB?
[08:34 am] qwert : whats cb
[08:34 am] scalpman : Guys, does FB open
with the market or at a specific time.?
[08:34 am] joeytsa : CB= circuit breaker
[08:34 am] qwert : where do you see it
listed that way
[08:34 am] joeytsa : the way i understood
it, a “cb” stock, you might need an uptick to
short it..not sure if thats right though
[08:35 am] joeytsa : qwert, on lightspeed
market maker box
[08:35 am] joeytsa : top right, red circle
with white letters CB
[08:35 am] qwert : always wondered what that
meant :))
[08:35 am] joeytsa : i might have the
meaning wrong though
[08:36 am] joeytsa : guess i should ask
lightspeed haha
[08:36 am] qwert : great moves in kex joey
thx
[08:36 am] joeytsa : no prob, i got 5 trades
out of it
[08:36 am] scalpman : Watch LQDT for
short…maybe at 12:00ish EST…
[08:37 am] joeytsa : scalps lunchtime short
special of the day 🙂
[08:37 am] eddy : wow lqdt continued
[08:37 am] scalpman : ha
[08:37 am] qwert : no shares lqdt for short
at lightspeed
[08:37 am] eyes : any thoughts on URI
[08:37 am] scalpman : Shorts at TS
[08:38 am] qwert : nice
[08:38 am] eyes : l 34.38 with a 15cent
stop
[08:39 am] joeytsa : great tradon LQDT to
whoever called that
[08:40 am] eyes : out 34.45 to tight of
stop
[08:40 am] eddy : indeed lqdt was worth the
wait thx mitch ed
[08:41 am] eddy : to bad got out early but
it is ok
[08:41 am] joeytsa : eddy: did you get back
in?
[08:41 am] joeytsa : oh ok
[08:41 am] eddy : no
[08:41 am] eddy : did u?
[08:41 am] joeytsa : never brok the 5ma
[08:41 am] scalpman : LQDQT 50 ema on 2 min
@ 56.04
[08:41 am] joeytsa : i wasnt in it, to busy
iwth KEX
[08:41 am] eyes : That is were i mess up
move my stop to fast
[08:42 am] joeytsa : let the trade play out
eyes
[08:42 am] scalpman : Resist @ 55.65
[08:42 am] joeytsa : dont be like me haha
[08:42 am] eddy : you wud go in at this
level…too risky now i think lqdt
[08:42 am] joeytsa : not me
[08:42 am] eddy : needs to b shorted but no
shares
[08:43 am] joeytsa : thx Mitch, just looked
at that
[08:43 am] shark : watching KORS
[08:44 am] shark : lost the 100day ma
[08:44 am] scalpman : ema 50 at 56
[08:44 am] scalpman : LQDT
[08:45 am] scalpman : breaking thru resis
LQDT
[08:46 am] eyes : That Uri trade was the
first one i moved my stop so quick today
[08:47 am] eyes : was falling into
yesterdays habit no more
[08:48 am] eyes : look how nice its working
out
[08:49 am] joeytsa : yeah eyes, give
yourself a chance to make money
[08:49 am] joeytsa : AAP quick spike
[08:50 am] eyes : Ok Break time for me i was
willing to take a 15cent stop and got out .o7
go figure
[08:51 am] joeytsa : 1313 decent ES support
right now
[08:53 am] shark : AAPL testing lod
[08:55 am] shark : LULU new lod
[08:56 am] shark : as goes AAPL, so goes the
market?
[08:56 am] Ed : yep
[08:57 am] eddy : lqdt hitting the roof
[08:58 am] shark : riding 10min -LQDT
[08:58 am] shark : watching KORS
[08:58 am] shark : nice sell vol spikes
[08:59 am] joeytsa : nice 4pts on LQDT to
those to got it !!!
[09:00 am] joeytsa : LNKD trying to hold
107
[09:00 am] shark : haha
[09:01 am] joeytsa : really nice trades
today
[09:02 am] shark : SPY testing lod
[09:03 am] shark : AAPL new lod
[09:04 am] victor51 : Thanks Joey, ED, Mitch
and all Holding 1/2 LQDT
[09:04 am] eddy : wow victor well done
[09:04 am] qwert : nice victor
[09:04 am] Ed : nice victor
[09:06 am] joeytsa : 1311 ES
[09:06 am] joeytsa : GS below 99
[09:08 am] shark : AAPL nearing 100day
@527.21
[09:08 am] mikewd2 -: this might be the day
we were waiting for, dow 12500
[09:08 am] joeytsa : im waiting for dow 7k
🙂
[09:08 am] shark : :O I am too, joey!
[09:09 am] shark : weak bounces in many
stocks
[09:09 am] qwert : i just read that Anthony
Scaramucci thinks facebook could start
trading around 100
[09:09 am] joeytsa : people are selling to
raise money for facebook tomorrow
[09:09 am] mikewd2 -: haha
[09:09 am] shark : I guess they have to,
price keeps going up
[09:09 am] qwert : that seems crazy
[09:10 am] joeytsa : donna summers today,
chuck brown yesterday..RIP
[09:10 am] mikewd2 -: trying a HLF L 46.01,
stop below lod
[09:10 am] mikewd2 -: sorry to hear joey
[09:10 am] joeytsa : celebs seem to die in
groups
[09:12 am] mikewd2 -: HLF stopped
[09:13 am] shark : KORS testing 21min ma
[09:14 am] shark : higher low last 15min
[09:14 am] shark : SPY bounce would help
[09:15 am] mikewd2 -: would not be too
supprised if we have a late afternoon
rally.
[09:16 am] joeytsa : shark: 2 hours ago you
asked me wehn we get to 1300 🙂
[09:16 am] joeytsa : we are a little
closer
[09:16 am] shark : 😉
[09:16 am] mikewd2 -: vix 23.51
[09:16 am] shark : still need to sync my
watch, with this train, joey
[09:17 am] joeytsa : LNKD lost 107
[09:17 am] joeytsa : SPY dail is ugly
[09:17 am] joeytsa : daily
[09:19 am] joeytsa : ES needs to hold 1309,
or i think we get a quick flush to near
1300
[09:19 am] joeytsa : GS holding so far at
prev cl
[09:20 am] shark : SPY over 21min ma
[09:21 am] joeytsa : thanks, i dont have the
intraday up
[09:22 am] joeytsa : when buyers step in you
would think AAPL would get a pop
[09:23 am] joeytsa : down 100pts in a
month
[09:23 am] Ed : donna summer has passed
away
[09:23 am] joeytsa : posted that 15 minutes
ago, where were ya
[09:23 am] shark : 🙁
[09:24 am] Ed : been tryn to fix volatility
scanner since am
[09:24 am] joeytsa : chuck brown died
yesterday Ed, did you ever get into his
stuff?
[09:24 am] joeytsa : he was huge in the DC
area
[09:24 am] mikewd2 -: DKS trying to bounce
off support
[09:24 am] Ed : was not into him but hear
some of his music I mena noise
[09:25 am] joeytsa : i loved go-go
[09:25 am] joeytsa : nice move mike
[09:26 am] mikewd2 -: trying HLF L again
[09:27 am] Ed : “run joe”
[09:27 am] joeytsa : 🙂
[09:27 am] Ed : that was one of songs
right
[09:28 am] joeytsa : yep, “go go swing”
[09:28 am] joeytsa : he influenced EU’s ”
doin da butt”
[09:28 am] joeytsa : funky
drums/percussion
[09:28 am] joeytsa : listening to run joe
right now haha
[09:29 am] shark : 🙂
[09:30 am] Ed : forgot that one
[09:30 am] joeytsa : big influence on all
those DC,Bmore cats
[09:30 am] joeytsa : all those musicians are
off the hook
[09:30 am] Ed : true
[09:31 am] joeytsa : my band was all guys
from that area
[09:31 am] joeytsa : they are all doing big
tours right now
[09:31 am] Ed : and u just sit back and
collect
[09:31 am] joeytsa : i wish haha
[09:32 am] shark : DIA SPY testing 21min
support area
[09:36 am] mikewd2 -: HLF lod
[09:36 am] mikewd2 -: HLF – 2 winner shorts,
2 small long losses
[09:37 am] mikewd2 -: discussing HLF on fast
money
[09:37 am] Ed : IRA did a headfake
[09:37 am] Ed : on HLF
[09:38 am] go4it : all out LQDT +3.85
YES!
[09:38 am] mikewd2 -: nice go4it
[09:38 am] Ed : nice go4it
[09:38 am] qwert : nice goforit
[09:38 am] Ed : u get the gong award for
today
[09:38 am] joeytsa : gret job go4it !!!
[09:39 am] eddy : gd one go4it
[09:39 am] qwert : awesome
[09:39 am] cdougan : ha nice!
[09:39 am] go4it : Thank you I love it
[09:39 am] joeytsa : you should
[09:39 am] Mitch K: hey ed, i thought the
gong was reserved for The Last Emperor when
he calls out for a wife. “Wife #4”
[09:39 am] go4it : walking on air
[09:40 am] joeytsa : time to book another
trip to vegas haha
[09:40 am] mikewd2 -: HLF price target raised
to $86 and upgrades by two analysis.
[09:40 am] Ed : little secret go4it is lookn
for #??????
[09:40 am] go4it : won’t be long Joey
[09:40 am] joeytsa : 🙂
[09:40 am] shark : pop on LULU
[09:41 am] go4it : Took 55 yrs to get 1
[09:41 am] Ed : thats alot of history
[09:42 am] joeytsa : better late than
never
[09:42 am] go4it : pretty thick book
[09:42 am] joeytsa : hah
[09:42 am] Ed : im sure
[09:42 am] shark : INVN consolidating at
$10
[09:42 am] joeytsa : took edison 10,000
tries to get the light to work
[09:43 am] joeytsa : heck heinz couldnt even
get ketchup right until the 57th time 🙂
[09:43 am] go4it : I feel like I just ran a
marathon and never left my chair
[09:43 am] Ed : an old Abe Lincoln failed at
many biz ventures but presidency finally
worked 4him
[09:43 am] shark : …until he got shot,
Ed
[09:44 am] qwert : and now Abe Lincoln a
vampire hunter in the new movie coming out
[09:44 am] Ed : true
[09:44 am] Ed : interesting
[09:44 am] joeytsa : never heard that
[09:44 am] Ed : qwert writes movies in his
spare time
[09:44 am] qwert : yeah saw the preview the
other day
[09:45 am] joeytsa : just googled it
haha
[09:45 am] shark : LULU long working
[09:45 am] qwert : no just like to watch
them
[09:45 am] Ed : ok spielberg, I mean qwert ur
secret is safe with us
[09:46 am] shark : 😉
[09:47 am] shark : LQDT testing 21 day res
here
[09:47 am] qwert : haha
[09:47 am] go4it : Calling it a day good
luck everyone and thks for support!
[09:48 am] Ed : take care go4it
[09:48 am] shark : bye go4it
[09:48 am] qwert : go4it gonna go count his
chips :))
[09:48 am] shark : INVN quick 1.2% pop
[09:49 am] mikewd2 -: HLF above 50ma
[09:49 am] mikewd2 -: as is PANL
[09:50 am] mikewd2 -: CHK at support
[09:50 am] joeytsa : have a good day
go4it
[09:50 am] joeytsa : LNKD moving
[09:50 am] shark : 🙂
[09:52 am] shark : out 1/2 LULU long
[09:54 am] shark : res at 21day ma on LQDT,
watching for poss short
[09:54 am] joeytsa : bad day for auto part
stores
[09:56 am] shark : all out KORS long
[09:57 am] Ed : our local news paper company
was sold to brk(berkshire)
[09:57 am] joeytsa : nice shark on both
[09:57 am] shark : thx, joey
[09:57 am] Ed : nice trade shark
[09:57 am] shark : 🙂
[09:57 am] joeytsa : im really surprised
people still read the news
[09:57 am] joeytsa : in print
[09:57 am] shark : me too
[09:57 am] shark : havn’t seen anybody with
a paper in a long time
[09:57 am] joeytsa : by the time it gets to
the house..it isnt new anymore
[09:57 am] Ed : yea, they have been
unprofitable for while now
[09:58 am] shark : maybe he wants to lead
the way into recycling!
[09:58 am] joeytsa : guess they read the
paper while listening to 33 1/3s haha
[09:58 am] shark : all out LULU long
[09:58 am] shark : watching LQDT
[09:58 am] Ed : 🙂
[09:59 am] shark : sneaking under 10,21min
-LQDT
[10:00 am] mikewd2 -: 1.5M share spike in
CHK
[10:00 am] joeytsa : Ed: was that the
Time-Dispatch?
[10:01 am] Ed : thats why was late on my
news
[10:01 am] joeytsa : 🙂
[10:02 am] shark : CHK $13.50ish, wow!
[10:02 am] joeytsa : they had a decent
circulation at one point if i remember
correctly
[10:02 am] Ed : yes richmond times
dispatch
[10:03 am] joeytsa : yeah, i see it now
[10:06 am] eyes : Well I just got news my
Dad is in the hospital has to have open heart
surgery
[10:06 am] joeytsa : prayers sent eyes
[10:06 am] Ed : sorry to hear eyes
[10:06 am] Ed : is he in states
[10:06 am] eyes : in alaska
[10:06 am] qwert : prayers for him eyes
[10:06 am] lisas : sorry to hear eyes, hope
it goes well.
[10:07 am] joeytsa : ES up about 7pts from
low
[10:08 am] eddy : all the best to yr dad
eyes
[10:08 am] mikewd2 -: very sorry to hear
Aaron, will be in our prayers.
[10:08 am] eyes : thanks everyone
[10:10 am] eyes : Uri bupming head on
VWAP
[10:10 am] aussie123 : God bless EYES…will
say a prayer
[10:12 am] Ed : wonder how many shares pelosi
has
[10:12 am] shark : haha
[10:13 am] joeytsa : hah
[10:13 am] joeytsa : not a big fan of
pelosi
[10:13 am] mikewd2 -: same with Panel eyes –
had target at vwap and it just misses.
[10:13 am] Ed : ur not alone
[10:14 am] shark : INVN, another pop
[10:14 am] eyes : I am Trying to figure out
how to set OSO with % Mike do you know how
[10:15 am] mikewd2 -: no i don’t eyes, Ed
might
[10:16 am] Ed : not sure, give tech support a
call
[10:16 am] Ed : can i get a facebook
sandwich
[10:17 am] joeytsa : 🙂
[10:20 am] shark : nice slow drip higher on
many stocks
[10:23 am] eddy : invn spike
[10:24 am] eddy : invn spike
[10:24 am] shark : NOW you see it!
[10:24 am] Ed : is not one of FB executivies
giving up citizenship to avoid paying taxes,
he lives in singapore now
[10:24 am] shark : LQDT price action
tightening
[10:25 am] shark : been living in Singapore
for like 3 years or so, Ed
[10:25 am] shark : according to earlier CNBC
report
[10:25 am] shark : out 1/2 INVN
[10:25 am] Ed : i must stop reading print
[10:26 am] shark : lol 😉
[10:26 am] eddy : crazu had my window here
scrolled up
[10:26 am] eddy : did nt see yr call on
invn
[10:26 am] eddy : shark
[10:26 am] shark : 🙁
[10:26 am] eddy : but was a gd call
[10:26 am] eddy : 🙂
[10:26 am] shark : 🙂
[10:27 am] eddy : this window will never
ever be scrolled up again:)
[10:27 am] joeytsa : nice quick one on INVN
shark..good call
[10:27 am] shark : 🙂 thx joey
[10:27 am] joeytsa : i didnt get it though
slap slap
[10:28 am] joeytsa : reading internet
news..at least its real time haha
[10:28 am] shark : all out INVN long
[10:29 am] joeytsa : this facebook ipo is
just as big as dow 13k was 🙂
[10:30 am] Ed : 4sure
[10:30 am] joeytsa : KSU trying to bottom
[10:30 am] joeytsa : down about $1 past few
minutes
[10:30 am] shark : nice observe joey
[10:32 am] joeytsa : KSU has been trending
down overall
[10:35 am] joeytsa : hey shark: if FB is a
flop, where does the market go?
[10:35 am] shark : hmmm
[10:35 am] joeytsa : or anyone
[10:35 am] shark : well FB won’t be in any
index for about 3mos
[10:35 am] shark : so not connected to SPY
or Nasdaq for now
[10:35 am] joeytsa : yeah, but its a huge
head game i think
[10:35 am] shark : I think it gets sucked in
with market direction
[10:36 am] joeytsa : still think AAPL has
downside
[10:36 am] shark : at some point after
euphoria tomorrow
[10:36 am] joeytsa : opx tomorrow also
[10:36 am] shark : for sure?
[10:37 am] joeytsa : AAPL $520??
[10:37 am] shark : oh, on AAPL.
[10:37 am] joeytsa : i meant opx overall
[10:37 am] shark : definitely will research
tonight
[10:37 am] shark : Cramer on Facebook
-CNBC
[10:38 am] shark : “tremendous demand”
[10:38 am] joeytsa : 50% to insiders
[10:38 am] joeytsa : 59% i mean
[10:39 am] joeytsa : break time…make some
$$ 🙂
[10:39 am] qwert : enjoy joey
[10:40 am] shark : bye joey
[10:40 am] shark : LQDT slow drip down
[10:40 am] shark : maybe get down to VWAP
[10:45 am] qwert : we need another einhorn
conference
[10:46 am] Ed : true
[10:46 am] shark : haha
[10:46 am] qwert : that was fun yesterday
[10:49 am] eddy : all out spwr +2%
>this is the third trade of spwr
[10:49 am] qwert : no vnet shorts at
lightspeed
[10:52 am] eyes : BKS alert
[10:55 am] Ed : good eye eyes
[10:56 am] shark : 🙂
[10:57 am] shark : LULU testing lod
[11:01 am] eyes : SHLD
[11:02 am] eddy : great call on shld eyes
[11:09 am] eyes : SHLD very weak
[11:11 am] joeytsa : anyone looking for a
long swing, might want to put MJN on the
radar
[11:11 am] joeytsa : see if it holds and
turns back up
[11:18 am] joeytsa : FSLR spike
[11:19 am] joeytsa : about 70cents
[11:35 am] qwert : thx for fslr joey
[11:35 am] joeytsa : no prob, i let it go
[11:36 am] joeytsa : Fitch dg’d Greece to
CCC
[11:41 am] victor51 : Joey, Do you think we
are close to capitualation volume in market
or need a day or two?
[11:42 am] joeytsa : honestly no clue
[11:42 am] joeytsa : doesnt seem panicky
though
[11:44 am] joeytsa : the internals i follow
have been trending down, lowest yearly
levels
[11:46 am] joeytsa : what do you think
victor?
[11:49 am] victor51 : Joey, I think it was
wishful thinking on my part. I think we
haven’t seen panic sell yet and i FB might
help little but it wont last
[11:50 am] joeytsa : only have to worry
about a flush if you have a bunch of
holding
[11:51 am] joeytsa : i dont believe in the
markets like many do
[11:54 am] joeytsa : nice selloff there
Ed
[11:54 am] Ed : I will monitor that one for
bottom on daily,
[11:55 am] joeytsa : yeah i saw that, good
catch
[11:55 am] Ed : would have been great
short
[11:55 am] joeytsa : sure would have
[11:55 am] joeytsa : even your CCI had a neg
div i think
[11:56 am] joeytsa : on the daily
[11:56 am] joeytsa : no cci index
[11:56 am] joeytsa : on CPNO
[11:56 am] Ed : duhhhhhh
[11:56 am] joeytsa : haha
[11:56 am] qwert : lol
[11:57 am] joeytsa : the daily mid april cci
level was higher than then break at same
price
[11:57 am] joeytsa : guessing around 4/19
[11:58 am] joeytsa : yep, then go to around
5/4
[11:58 am] joeytsa : both @ $56 cci index
neg div
[11:58 am] eyes : Calling it a day 4 f 4 +52
see you all manana
[11:58 am] joeytsa : nice eyes
[11:58 am] Ed : great going eyes
[11:58 am] eddy : bye eys hope yr dadd will
b ok
[11:59 am] joeytsa : it was either 5/4 or
5/7 , but the div is there
[11:59 am] qwert : way to go eyes praying
for your Dad
[11:59 am] eyes : 2 were just over BE
[11:59 am] joeytsa : prayers again to your
dad
[11:59 am] Ed : yes agree
[11:59 am] joeytsa : now to scan for them in
real time haha
[12:00 pm] mikewd2 -: after 2 attempts, 3rd
long on HLF finally panning out
[12:00 pm] eddy : allroght everybody thanx
for everything will take the day off tom.
[12:01 pm] eddy : see you all monday
[12:01 pm] joeytsa : enjoy eddy
[12:01 pm] joeytsa : nice mike
[12:01 pm] Ed : have great weekend eddy
[12:01 pm] qwert : cya eddy
[12:05 pm] joeytsa : NV is now the
foreclosure capital of the US
[12:06 pm] Ed : so we can buy henderson and
change name to TSA
[12:06 pm] joeytsa : 🙂
[12:06 pm] joeytsa : you can set up your
trading compound
[12:08 pm] pow : ED did you short JBHT?
[12:09 pm] Ed : I took it off my screen, was
moving to slow
[12:09 pm] joeytsa : ES keeps testing this
support level
[12:09 pm] joeytsa : just might get that
1300 today
[12:10 pm] Ed : if I had seen much earlier
would have taken short
[12:10 pm] joeytsa : stop reading the paper
🙂
[12:10 pm] Ed : the news print alerted me
[12:11 pm] joeytsa : haha
[12:14 pm] shark : SPY vol quite above avg
today
[12:14 pm] shark : NASDAQ Dow too
[12:17 pm] mikewd2 -: joey, u swinging
mjn?
[12:19 pm] mikewd2 -: fyi, apple said she
would be back in the room on Tuesday.
[12:21 pm] qwert : where is she?
[12:21 pm] lisas : taking a class
[12:21 pm] lisas : ed, are you still
watching jbht?
[12:21 pm] qwert : salsa dancing?
[12:21 pm] lisas : or is it trickling down
too slow
[12:21 pm] lisas : funny qwert
[12:22 pm] Ed : no took off screen, yes slow
death marrch
[12:22 pm] lisas : yeah, figured, unless we
get an overall pop at end of day
[12:23 pm] joeytsa : mike: sorry, stepped
away..most likely not, but i know some here
like swings
[12:24 pm] joeytsa : just saw that it held
ok the past couple days with the markets
selling off, recently made a new high also
[12:25 pm] qwert : i have not had an
overnight position in a couple months
[12:25 pm] qwert : seem to sleep better
[12:25 pm] joeytsa : MJN seems to have
decent support at the 50ma
[12:25 pm] joeytsa : same here qwert
[12:25 pm] joeytsa : if markets can turn
back up, i would think this could move
[12:26 pm] qwert : yeah tested the 50 twice
in last 4 days, but i agree if we get a
bounce looks good
[12:26 pm] joeytsa : recovered nicely from
whatever bad news hit it in dec
[12:27 pm] Ed : on that baby news
[12:27 pm] joeytsa : baby food?
[12:27 pm] qwert : ive been watching MNST
for possible long
[12:27 pm] qwert : didnt a baby die
[12:27 pm] Ed : did get nice bounce in
commods
[12:28 pm] joeytsa : same with EXPE, want
it to break higher
[12:29 pm] Ed : gold/silver
[12:30 pm] qwert : Gold stocks all hit my
momentum scanner this am
[12:32 pm] joeytsa : watching ALLT
[12:32 pm] joeytsa : bit late
[12:32 pm] Ed : saw it earlier was not moving
much
[12:33 pm] joeytsa : even with the selloff
recently VZ is at 52wk high
[12:33 pm] joeytsa : AMZN fighting $220
now
[12:34 pm] shark : GOOG couldn
[12:34 pm] shark : couldn’t hold the FB
run
[12:37 pm] joeytsa : here comes $105 on
LNKD
[12:37 pm] joeytsa : i bet bernanke is
putting on his cap with the propeller 🙂
[12:38 pm] joeytsa : did you see that spike
down on LNKD
[12:38 pm] joeytsa : 102.64 printed
[12:38 pm] shark : wow
[12:38 pm] shark : will it hold $100?
[12:38 pm] Ed : looks like bad tick though
[12:38 pm] joeytsa : yeah, for anyone long
haha
[12:38 pm] Ed : true
[12:39 pm] joeytsa : tomorrow is going to be
a hoot
[12:39 pm] Ed : what if Ben has his head in
the sand
[12:40 pm] joeytsa : the sand is NOT where
he has his head 🙂
[12:40 pm] Ed : lol
[12:40 pm] joeytsa : but its in a dark place
haha
[12:40 pm] Ed : lol
[12:41 pm] shark : shorts keep working!!!
[12:41 pm] shark : volume getting bigger
[12:41 pm] shark : on SPY
[12:42 pm] joeytsa : GS trying to close a
small gap up from 1/10
[12:47 pm] joeytsa : CRM earnings today
[12:47 pm] joeytsa : vix @ 24.07
[12:48 pm] qwert : wow nice bounce on allt
and i missed it
[12:48 pm] Ed : it was
[12:48 pm] qwert : Did you take it Ed
[12:48 pm] joeytsa : i let it go
[12:49 pm] Ed : nope, wanted a retest
[12:49 pm] joeytsa : was going to, but the
markets started heading down..didnt want to
take a chance
[12:49 pm] qwert : complete retrace, same
here joey was just thinking to late, mkt
direction etc.
[12:50 pm] joeytsa : great trade though
[12:50 pm] qwert : yeah!
[12:50 pm] joeytsa : had the markets at
least held where they were, i would have
jumped
[12:50 pm] Ed : best are the ones u miss
[12:50 pm] qwert : yep
[12:51 pm] joeytsa : no kidding, had what i
wanted, just didnt like that selloff
[12:51 pm] qwert : i was already thinking
about happy hour
[12:51 pm] joeytsa : nice
[12:51 pm] qwert : my son is here from
school so he wants to go
[12:52 pm] joeytsa : enjoy
[12:52 pm] Ed : take care qwert
[12:52 pm] qwert : yeah should be fun
[12:52 pm] Ed : have fun, u coming to
candelas my place
[12:52 pm] qwert : you to see ya all in the
am, should be a fun day tomorrow, anybody
know when fb ipo is?
[12:53 pm] joeytsa : trying to find it
[12:53 pm] qwert : maybe on saturday my
daughter is performing in San Diego
[12:53 pm] Ed : cool
[12:53 pm] pow : gentlemen, the tlt is
apporaching the 2009 highs
[12:54 pm] gub : whats the tlt?
[12:54 pm] joeytsa : bonds
[12:54 pm] gub : TY
[12:54 pm] joeytsa : TBT is the short i
believe
[12:54 pm] gub : whats does this mean?
[12:55 pm] gub : as to the effect on the
market?
[12:55 pm] pow : FEAR in the market gub
[12:55 pm] victor51 : Enjoy rest of the day
See you all
[12:55 pm] joeytsa : see ya victor
[12:56 pm] Ed : c ya vicotr
[12:56 pm] Ed : sorry victor meant to
spell
[12:56 pm] gub : I’m already afraid of what
the market can do to me so it won’t have much
effect.
[12:57 pm] gub : Do we get ready to start
shorting with a vengance?
[12:57 pm] pow : I covered some of my shorts
and sold some of my tza. placing stops for
over nite. looking for a big gap down
tomorrow
[12:58 pm] Ed : too much risk in shorting
now, think this is like 12th down day, if ur
not already short
[12:58 pm] joeytsa : the best time to short
was about a week and a half ago
[12:59 pm] Ed : when SPY broke down from 135
support area
[12:59 pm] joeytsa : when the 50ma sliced
thru the 20
[12:59 pm] Ed : we had a “change of
polarity”
[01:00 pm] joeytsa : dont forget, GS has
$2.5B of facebook
[01:00 pm] joeytsa : they can hold the
market
[01:00 pm] Ed : “change of polarity” area
that was once suport becomes resistance and
vice versa
[01:00 pm] shark : SPY 3.1m vol spike
[01:00 pm] joeytsa : 1302.25 printed
[01:00 pm] gub : I am so happy that my TS
platform did not one time disconnect and
close down?
[01:00 pm] joeytsa : Thanks Ed, you too
[01:00 pm] joeytsa : Thanks Mitch
[01:02 pm] joeytsa : nice piano music !!!
[01:02 pm] pow : http://chart.ly/7qrbgty
enjoy
[01:03 pm] gub : I ran a scan with Microsoft
essentials and it deleted out a Trojan I had
in there and apparently it seemed to take
care of the problem after 4 mos of learning
it and closing down 4 X’s a day.
[01:03 pm] gub : Hip Hip hooray!!!!
[01:04 pm] lisas : PC problems are a pain,
hope it works permantly for you gub
[01:04 pm] gub : is setting stops the way to
do this scalping thing anyways?
[01:04 pm] joeytsa : yeah, pain in the
neck
[01:05 pm] gub : Oh yea thanks I hope it
holds too.
[01:05 pm] gub : It seems that I do better
when I set long stops as opposed to short
stops.
[01:06 pm] joeytsa : as long as you
canhandle the risk
[01:06 pm] lisas : gub, you need to set
stops, and they need to be at appropriate
support and resistance levels
[01:06 pm] shark : CRM .37 vs .34
[01:06 pm] gub : I set short stops when I
buy 1000 shares (sim) because if I don’t I
get nervous and nauseaus.
[01:06 pm] lisas : If appropriate areas mean
too much loss if stopped, then reduce size
[01:07 pm] joeytsa : yeah shark, im watching
them
[01:07 pm] shark : 😉
[01:07 pm] shark : even good earnings, will
poss go against the tide
[01:07 pm] gub : smaller size…
[01:08 pm] joeytsa : yeah
[01:08 pm] joeytsa : more focus on forward
guidance
[01:08 pm] shark : CRM raises guidance
[01:08 pm] shark : up 5% now
[01:08 pm] lisas : you need to be able to
focus on method, if you are new, and size too
big, then all you will focus on is the
money.
[01:09 pm] lisas : rain stick!
[01:09 pm] shark : beautiful….
[01:09 pm] joeytsa : very good lisa
[01:09 pm] shark : hahaha
[01:09 pm] shark : does the dj take
requests?
[01:10 pm] joeytsa : i was listening to
classical all morning
[01:10 pm] joeytsa : i seem to trade better
that way
[01:10 pm] joeytsa : i like metal pre-market
though
[01:10 pm] shark : forces me awake too
[01:10 pm] lisas : I tend to like silence,
but this is nice, might work for me
[01:11 pm] shark : love the metal on CNBC
[01:11 pm] shark : should be less talk, more
music
[01:11 pm] joeytsa : i keep Symphony Hall
channel on Sirius on
[01:11 pm] joeytsa : this music is great for
after trading though
[01:12 pm] shark : wind down and calculate
%, yeah
[01:12 pm] joeytsa : also watching the
hockey game
[01:12 pm] gub : how do you determine what
the support and resistance levels ar?
[01:12 pm] joeytsa : sweden/czk rep
[01:13 pm] joeytsa : a few areas can be s/r
gub
[01:13 pm] joeytsa : i think we all use
different ones
[01:13 pm] gub : yea this is awesome music –
it relaxes me so much.
[01:14 pm] lisas : gub, there are some good
books, Technical Analysis of Stocks by
Murphy
[01:14 pm] gub : It takes the knots out of
my stomach.
[01:14 pm] lisas : Really important thing to
understand. Moving averages can also work, as
well as pivots, and more.
[01:15 pm] joeytsa : yeah lisa
[01:15 pm] joeytsa : previous price levels,
round numbers
[01:15 pm] gub : Thanks I’ll see if I can
find the time to read them with two kids
sucking the life out of me – teens
[01:16 pm] gub : Has anyone taken the
personal lessons offered by TSA?
[01:16 pm] lisas : Try an online search, you
can probably find some quick concise
descriptions
[01:16 pm] gub : Yes I forgot about my goog
friend Google.
[01:16 pm] lisas : I’ve watched the DVD’s,
done two seminars
[01:17 pm] gub : I’ve paid and watched the
Scalping CD’s
[01:17 pm] gub : by Mitch.
[01:18 pm] lisas : Big things, you do need
to understand price action, ie support and
resistance, and you need to know how to
protect your capital.
[01:18 pm] gub : I love his voice – it’s so
soothing and confidant.
[01:18 pm] joeytsa : shark: 1300.50
printed
[01:18 pm] gub : Mitch makes it so easy.
[01:19 pm] gub : I’d rather pay the 500-700
for the personal lessons then lose it to the
market.
[01:19 pm] lisas : smart
[01:19 pm] gub : Who teaches the personal
lessons anyways?
[01:20 pm] gub : do you know/
[01:20 pm] lisas : Ed does. I don’t know if
Mitch does or not, he’s pretty busy
[01:20 pm] gub : Did you take any or did you
learn on your own?
[01:21 pm] lisas : I did get a 30 min
coaching as part of one of the seminars, I’ve
been in the room since start, read lots of
other stuff on trading as well
[01:22 pm] joeytsa : rhapsody in blue
[01:23 pm] pow : dollar is up big in after
market on large volume
[01:23 pm] gub : I was thinking about the 3
hour lesson.
[01:24 pm] gub : 30 minut lesson would be
like a commercial to me.
[01:25 pm] lisas : Sounds like you are
pretty new to trade gub?
[01:25 pm] gub : You must be like my
daughter – tell once – remember – read once –
remember
[01:26 pm] gub : I been learning the TS
paltform on and off for 4 months with last
two weeks spending full time on.
[01:26 pm] gub : I know it well now to
excute the trades quickly – which to me was
the real battle.
[01:27 pm] gub : I’m set up and funded ready
to go but feel I need that little extra to be
consistantly profitable.
[01:28 pm] gub : some days I make money and
others lose.
[01:28 pm] gub : sim
[01:28 pm] joeytsa : thats trading
[01:28 pm] lisas : How many trades per
day
[01:29 pm] gub : today I made about 30
trades.
[01:29 pm] lisas : it’s a match game, once
you realize that, then you can take emotion
out
[01:29 pm] gub : was profitable
[01:30 pm] lisas : probably too many, I try
to get 10/12 per day, focus on my set ups
[01:30 pm] gub : please explain match
game?
[01:30 pm] lisas : math game, not match
game
[01:30 pm] gub : math in what way lisas?
[01:30 pm] gub : is yuour name lisas because
there’s two of you?
[01:31 pm] gub : just kidding.
[01:31 pm] lisas : Don’t think there are any
other Lisa’s in room at this time
[01:31 pm] lisas : but joey thinks there
are
[01:31 pm] joeytsa : lisa lisa
[01:32 pm] lisas : So, back to the math
game, you can have small winners and win 70%
of the time, or large winners and win only a
few and still be profitable
[01:32 pm] gub : I try to follow what mitch
explained in the scalping cd’s but it does
not always seem to work with me.
[01:32 pm] gub : aaaah!
[01:32 pm] gub : I see.
[01:32 pm] lisas : Not all trades work out,
that’s the probababilty part of the math
[01:33 pm] gub : ok
[01:33 pm] gub : yes this happened to me
today.
[01:33 pm] lisas : You want to get enough
trades in for the probability to work in your
favor. If you only trade a few trades a day,
then you need to look at weekly results to
see how you are doing
[01:34 pm] lisas : Do you use the
trademanager analysis in Tradestation?
[01:34 pm] gub : I felt really good about
allt and so I backed the truck up and bought
1000shares – it woked out nicely.
[01:35 pm] gub : no I haven’t tried the
trademanager ana,
[01:35 pm] lisas : That’s good position
sizing, better set ups use larger size.
[01:35 pm] gub : what does it do in twitter
language?
[01:35 pm] lisas : It’s great, you should
use it, do you know how to open it?
[01:36 pm] gub : short explaination.
[01:36 pm] gub : yes click on it.
[01:36 pm] gub : its pretty empty in
their.
[01:37 pm] lisas : Did you select an account
and hit “generate”
[01:37 pm] gub : ok
[01:38 pm] lisas : Does it give you a bunch
of info now, like total profit and loss, # of
trades, winning percentage, etc?
[01:38 pm] gub : yes
[01:39 pm] gub : I will view the videos on
this tommorrow from the vidoe center in TS
[01:39 pm] gub : thanks!
[01:40 pm] lisas : So now you can see your
winning percentages, commissions, annual rate
of return, etc. There is a page with trades
list, and a page with equity curve
[01:41 pm] gub : I will study tommorrow –
must pick up my son from BB practice.
[01:41 pm] gub : TY!
[01:41 pm] gub : for all your help
[01:41 pm] lisas : sure, take care
[01:41 pm] gub : you’re kind!
[01:42 pm] joeytsa : Hope everyone has a
great evening
[01:42 pm] joeytsa : see you all in the room
tomorrow
[01:42 pm] joeytsa : Thanks Mitch for the
trades and the music 🙂
[01:48 pm] pow : remembers guys, dip buying
is drying up . we should see gapping downs
now to recreate a climatic selling
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