[06:07 am] Ed : good morning traders
[06:28 am] Mitch K: Much of the premarket
futures have sold off overnight after the
SPain bailout offer. We should get good
movement both ways with a little stronger
movement toward the upside
[06:32 am] Mitch K: watching OCR for bottom
to buy
[06:33 am] Mitch K: watching WLP for bottom
to buy
[06:33 am] Mitch K: watching CIT for bottom
to buy
[06:33 am] Mitch K: watching GRMN for bottom
to buy
[06:33 am] Mitch K: watching VR vor bottom to
buy
[06:34 am] Mitch K: watching ITMN for top to
short; wait for rebound near 11
[06:34 am] Mitch K: watching AGP for bottom
to buy
[06:34 am] Mitch K: watching WPRT for bottom
to buy
[06:34 am] Mitch K: watching VVUS for top to
short
[06:35 am] Mitch K: CNC should give multiple
trades today
[06:35 am] Mitch K: watching FRX for top to
short
[06:35 am] Mitch K: watching WPI for bottom
to buy
[06:35 am] Mitch K: watching QCOR for top to
short soon
[06:36 am] Mitch K: watching TFM, BG for
bottom to buy, not related
[06:36 am] Mitch K: watching OC for bottom to
buy
[06:37 am] Mitch K: watching CSTR for top to
short soon
[06:38 am] Mitch K: watching WCG for bottom
to buy
[06:39 am] Mitch K: watching IPGP for top to
short
[06:39 am] Mitch K: watching MAKO for bottom
to buy
[06:41 am] Mitch K: watching HCA for bottom
to buy; misseed top
[06:41 am] Mitch K: IPGP turning over
[06:41 am] Mitch K: watching AGP closer for
bottom
[06:43 am] Mitch K: OCR tryinfg to
bottom
[06:43 am] Ed : getting pullback in SPY
[06:44 am] Mitch K: consider covering half of
VVUS short
[06:44 am] Mitch K: consider selling most of
GRMN long
[06:45 am] Mitch K: watching RVBD for bottom
to buy
[06:46 am] Mitch K: looking for 34.75 area on
FRX; be flexible
[06:46 am] Mitch K: watching EW For bottom,
toward 87 area
[06:47 am] Mitch K: also watching VPRT in
addition to WPRT for bottom, not related
[06:47 am] Ed : more advanced due to size
monitor APPL for bottom to buy with bounce in
SPY
[06:48 am] Mitch K: WCG trying to bounce
[06:48 am] Mitch K: watching SNI for top to
short; toppy now
[06:49 am] Mitch K: watching Z for bottom to
buy; taking time
[06:49 am] Mitch K: more downside for MLNX;
waiting for rebound first before
shorting
[06:50 am] Mitch K: consider covering IPGP
short soon
[06:51 am] Ed : if u took APPL long would
reduce here
[06:52 am] Mitch K: looking for 58.50 on AGP
but be flexible and sell as this
rebounds
[06:52 am] Ed : Im holding 1/4 see if can get
push toward hod with stop at breakeven
[06:52 am] Mitch K: hope you got out of VR
long; cant track closing positions for
you
[06:55 am] Mitch K: careful with OCR, rebound
fizzled, near low of day
[06:55 am] Mitch K: consider selling VR
long
[06:56 am] Mitch K: consider selling EW
long
[06:56 am] Mitch K: watching for 2nd helping
short on VVUS
[06:57 am] Mitch K: looking for 59 area on
AGP; be flexible and sell as this goes
up
[06:57 am] Ed : APY new lod[06:58 am] Mitch
K: consider reducing AGP long; not sure about
59
[06:58 am] Mitch K: looking for more downside
on QCOR, toward 45.10
[06:59 am] Mitch K: looking for 53.40 area on
WCG long
[07:03 am] Mitch K: watching SAVE for
bottom
[07:05 am] Ed : out all APPL long
[07:06 am] Mitch K: almost all the gains
erased in indexes. Yesterday futures were up
+157 on Dow30
[07:07 am] Mitch K: watching GRMN for 2nd
helping long again, new lows, waiting
longer
[07:07 am] Mitch K: watching RRC for bottom,
no hurry
[07:08 am] Ed : SPY new lod[07:10 am] Ed :
more selling in markets
[07:12 am] Mitch K: consider covering VVUS
soon
[07:12 am] Mitch K: S&P 500 turning
negative for the day
[07:13 am] Mitch K: watching SXCI for bottom;
take more time before going long
[07:15 am] Mitch K: anyone heard from RUsty?
i left messages that he doesnt have to call
me back if he died
[07:16 am] Ed : PCYC, UA, PRGO holding up
well
[07:16 am] Mitch K: watching SHLD for bottom
to buy
[07:16 am] Mitch K: watching HOLX for bottom
to buy
[07:18 am] Mitch K: will give many stocks
good long scalkps[07:18 am] Mitch K: most
charts setting up for longs, looking for
overall bounce
[07:18 am] Ed : bounce in SPY not very strong
so far
[07:19 am] Mitch K: watching PLCM for bottom
to buy
[07:20 am] Mitch K: wattching ESV for
bottom
[07:20 am] Mitch K: watching APKT for bottom
to buy
[07:23 am] Mitch K: watching KRO for
bottom
[07:23 am] Mitch K: watching LKQ for bottom
to buy
[07:26 am] Mitch K: watchign STX for
bottom
[07:27 am] Mitch K: consider taking profit on
SXCI and tyring again later
[07:28 am] Mitch K: CVH powering up, more
upside when market rebounds
[07:31 am] Ed : SPY trading near lod[07:33
am] Ed : buyers tryn to make stand
[07:37 am] Ed : getting more buyin in
markets
[07:37 am] Ed : also monitor TNA for
bounce
[07:38 am] Ed : need strong buying to come in
to sustain the move to upside
[07:40 am] Ed : see if SPY can put in higer
low
[07:40 am] Ed : feeble attempt by buyers
[07:48 am] Ed : SPY new lod[07:51 am] Ed :
more selling in markets
[07:51 am] Ed : no setup for TNA yet
[07:52 am] Mitch K: your call on when to sell
RRC; market still trying to find bottom
[07:54 am] Ed : SPY trading at trendline
resistance
[08:02 am] Ed : more selling in markets
[08:18 am] Mitch K: its pretty obvious the
market doesnt trust the SPain bailout terms.
Now people are trying to figure out how its
going to get paid. THe amount of $125
billion is enough but how they are going to
pay for it is getting a lot of
skepticism
[08:19 am] Mitch K: OCR stronger 2nd surge,
prob more upside, especially when market
attempts rebound; SP500 low of day now
[08:33 am] Mitch K: SXCI strong too, these
no-name lower vol stocks tend to do their own
thing without having to follow the market.
Larger stocks follow market
[08:37 am] Ed : getting bounce in SPY
[08:39 am] Mitch K: gumroad, i did get a buy
signal in CNC 90 sec ago 26.22
[08:52 am] Ed : getting selling in
markets
[08:57 am] Ed : buy program just kicked
in
[08:59 am] Mitch K: SPY trying to bottom
[08:59 am] Mitch K: monitoring SHOO drop
[09:07 am] Mitch K: monitoring SYNC drop
[09:12 am] Mitch K: consider selling ESV
long
[09:25 am] Ed : Advanced trade watching NVDA
for potential short
[09:26 am] Ed : let it run and setup, no
rush
[09:45 am] Ed : nice breakoiut in AMZN
[09:46 am] Ed : would not buy in this area,
needed to buy breakout with vol over218.53 or
see if pullback
[09:53 am] Ed : still watching NVDA for
potetntial short
[09:54 am] Ed : would like to see a move into
12.81 area with vol on NVDA
[10:05 am] Mitch K: little bit of buying in
indexes
[10:12 am] Ed : VLO for potential short would
like a move to 22.77 or 23.10 with vol[10:12
am] Ed : I will not short in this area
[10:15 am] Ed : nice bounce in SPY
[10:25 am] Ed : getting pullback in SPY
[10:33 am] Ed : AAPL new lod[10:44 am] Ed :
more selling in SPY
[10:49 am] Mitch K: which is good if you are
a mouse
[10:49 am] Mitch K: trading for crumbs
though
[10:49 am] Mitch K: watching for tradable
bounce in ESV;
[11:02 am] Ed : SPY new lod[11:09 am] Ed :
BIDU being added as search enging for
AAPL
[11:18 am] Ed : more selling in markets
[11:21 am] Mitch K: shark, you have the news
on OPEN? prob a rumor of some sort
[11:22 am] Ed : AAPL to partner with FB
[11:31 am] Ed : getting bounce in
markets
[11:45 am] Ed : with AAPL new mapping system
turn by turn guides will compete with
GRMN
[11:48 am] Mitch K: looking for a rebound in
OPEN soon
[11:50 am] Ed : Advanced trade monitoring
GRMN for potential long
[11:51 am] Ed : watching ACOM for potential
short ADvanced trade
[11:52 am] Ed : ACOM considering sell
[11:54 am] Ed : more selling in markets
[11:56 am] Mitch K: low
[11:56 am] Mitch K: markets pretty much lwo
of the day
[11:56 am] Ed : would not short ACOM right
here, move higher would be better to setup
for potential short
[11:59 am] Ed : if u took GRMN long would
reduce some here
[12:05 pm] Ed : SPY trading near lod[12:08
pm] Ed : SPY new lod[12:10 pm] Mitch K: more
selling
[12:15 pm] Ed : SPY new lod[12:21 pm] Mitch
K: i just didnt believe we could have a
sustainable rally. There are just too many
stress factors for the market
[12:24 pm] Mitch K: i assembled this over a
week ago
[12:24 pm] Mitch K: List of “Market
worries”:1. Greece bailout and exit2.
Spain bailout being discussed; Spanish
banks getting heavy withdrawals.3. Italy
likely going to need help but not in news
lately, yet.4. European recession very
likely to start5. China’s softening of
economy, hard landing?6. US economic
data7. US Presidential election,
momentum shifting toward Romney = Bullish8.
Apathy in retail investors9. US
Housing recovery10. Brazil economy
stalling11. Facebook IPO bombed out and
rated as “sell.” High price was over $43
and went below $27 Thursday.12. JP Morgan
loss of $2-3 billion creating mistrust in
Wall Street.13. Money is flowing into US
dollar, US Treasuries and German government
securities.14. US economic policy not
repairing economy.15. India economy
sharply pulling back now..[12:40 pm] Ed :
getting bounce in SPY
[12:49 pm] Ed : SPY trading near lod[01:00
pm] Ed : have a great evening traders
[01:11 pm] Mitch K: later guys
| [06:22 am] qwert : gm lisa[06:23 am] lisas
: gm qwert[06:23 am] doji : Hope you are
leveraged on the right side Gary…
[06:24 am] mikewd2 -: what have you been
buying gary?
[06:25 am] doji : Hi Mike!
[06:25 am] garyb : UVXY Mike…today it’s
down…..but I think it will go back to
around 24
[06:25 am] garyb : if not more
[06:25 am] mikewd2 -: hi doji, oils looking
good today
[06:25 am] skydiver : PGN is up
[06:25 am] mikewd2 -: yeah was amazed it has
dropped to 14’s
[06:26 am] mikewd2 -: especially with VIX at
20’s
[06:26 am] doji : Yes Mike…. but take
profits when you can Mike… I have a small
long position in SLB but will see how it
moves today
[06:26 am] mikewd2 -: going to stick to my
targets on the oils doji[06:27 am] doji :
Gay, how leveraged is the UVXY, 2X, 3X?
[06:28 am] mikewd2 -: what’s your avg price
on UVXY, gary
[06:28 am] doji : Sorry Gary…. fat
fingers…
[06:28 am] skydiver : thnx Mitch
[06:28 am] garyb : 2 x I think it is
doji[06:29 am] mikewd2 -: not that there is
anything wrong with that – doji . haha[06:29
am] doji : Time to Rock!
[06:29 am] garyb : avg price is around 17.20
I think…I have not even looked in that
account today….don’t want to ruin my Monday
morning
[06:30 am] mikewd2 -: yeah, don’t look mine
is 17.07
[06:30 am] skydiver : FB jumped
[06:30 am] mikewd2 -: CNC moving
[06:30 am] garyb : I have a few accounts so
I have not opened that one Mike….sometime
best not to look!
*** austria -, Welcome to the
TradeStocksAmerica Live Trading Room
[06:31 am] shark : PCLN up $12+
[06:32 am] joeytsa : VRTX testing 456
[06:32 am] shark : MLNX new all time
high
[06:33 am] doji : Ouch… big drop in the
SPY from the open
[06:33 am] shark : DIA SPY lod[06:36 am]
skydiver : JOY dropping nicely
[06:36 am] mikewd2 -: already 0/1 on
CNC,
[06:37 am] skydiver : out /4 JOY Short
59.11 – 57.86
[06:38 am] skydiver : 3/4
[06:38 am] joeytsa : nice trade sky
[06:38 am] shark : awesome sky
[06:38 am] skydiver : nice to have some joy
in the morning:)
[06:39 am] shark : 🙂 agreed
[06:39 am] skydiver : all out of JOY S
[06:39 am] Ed : have to reboot my scanners,
no output
[06:39 am] shark : ok Ed
[06:41 am] shark : small bounce in SPY
DIA
[06:44 am] doji : SPY still selling
off…
[06:45 am] doji : ES turned negative
now
[06:46 am] doji : TPX turning
[06:48 am] shark : closed PCLN 685 call
short -2.35 to 1.55 =.80profit/contract
[06:53 am] mikewd2 -: GMCR bottoming>
[06:54 am] shark : LULU new hod[06:55 am]
mikewd2 -: GMCR 3min fade setting up
[06:56 am] shark : SPY new lod[06:56 am]
shark : MNST lod[06:57 am] joeytsa : nice
call/target Mitch on AGP
[06:58 am] mikewd2 -: GMCR L 21.5
[06:59 am] mikewd2 -: might have jumped in on
this one a bit early
[06:59 am] shark : watching MNST for
bottom
[06:59 am] joeytsa : see if it holds $75
shark
[07:00 am] shark : 🙂 yeah
[07:00 am] doji : Oilfutures down .35%
now
[07:04 am] mikewd2 -: adding to GMCR L,
21.6
[07:05 am] scalpman : All out Appl[07:06 am]
shark : 🙂 Yeah, scalp!
[07:07 am] scalpman : Out 1/2 WCG
[07:08 am] skydiver : I’m back-had to reboot
my computer
[07:08 am] doji : Got killed a couple of
times trying to go long… I’ll step back for
today..[07:09 am] joeytsa : UA fairly strong
so far
[07:09 am] joeytsa : BBBY testing prev
cl
[07:09 am] Ed : days like today doji, time ur
longs with secondary indicators, like $tick,
this will culminate with bounce in SPY
also
[07:10 am] joeytsa : good idea Ed
[07:11 am] joeytsa : BIDU might be losing
dbl bottom
[07:11 am] garyb : market is selling off
hard, wow
[07:11 am] shark : nice joey
[07:11 am] doji : Thanks Ed….
[07:11 am] doji : Nice for you Gary!
[07:11 am] Ed : no problem, we are here to
help each other
[07:12 am] scalpman : OUt 1/4 WCG
[07:12 am] mikewd2 -: TZA nice gain
today
[07:12 am] garyb : well..it’s a releif
doji……..I hate to see such a big RED
number in my account! 🙂
[07:12 am] skydiver : glad it turned better
for you gary – had me worried a bit for ya
🙂
[07:12 am] scalpman : TRailing up stop on
WCG L
[07:13 am] garyb : Thanks Sky! That’s nice
man!
[07:13 am] skydiver : 🙂
[07:13 am] skydiver : PH jturning up?
[07:13 am] doji : Watching CNC
[07:13 am] garyb : Many analysts say market
will go down for a bit so we will see
[07:13 am] doji : for a pullback to go
long
[07:15 am] shark : watching GRMN
[07:16 am] doji : $TICK positive
[07:16 am] doji : Wasn’t Rusty with Gary in
Las Vegas?
[07:17 am] mikewd2 -: no they were in
cancun[07:17 am] joeytsa : haha[07:19 am]
doji : hahahah[07:19 am] doji : I was in
Cancun but didn’t see them…
[07:20 am] shark : sweet doji[07:20 am] doji
: CNC holding
[07:24 am] skydiver : LNKD
[07:25 am] skydiver : sorry – wrong
screen
[07:28 am] joeytsa : yeah CVH held that prev
lo well
[07:30 am] doji : Crude oil at 83.5, down
almost $3 for its top today
[07:31 am] joeytsa : BIDU still fighting
this prev cl line
[07:32 am] joeytsa : keep getting scan hits
for low priced ZAZA
[07:32 am] Ed : interesing rusty, i mean
joey
[07:33 am] doji : hahaha[07:33 am] Ed :
rusty always like those stocks under 10
[07:33 am] mikewd2 -: more like under $3
[07:33 am] mikewd2 -: haha[07:34 am] joeytsa
: yeah, and i thought i had my scanner set as
” rusty off”
[07:34 am] Ed : 🙂
[07:34 am] qwert : hahaha[07:36 am] joeytsa
: UA to test hod[07:37 am] garyb : watching
TNA
[07:38 am] garyb : I guess we all are..in’t
in the monitor! lol[07:38 am] garyb : it’s I
mean
[07:40 am] joeytsa : GS having troubles
getting thru prv cl res
[07:40 am] joeytsa : JIVE decent rebound
from low
[07:43 am] doji : SPY heading to lod[07:45
am] Ed : feels like controlled selling so
far
[07:46 am] doji : Shorting by Hedge Funds
again?
[07:48 am] doji : SPY new lod…
[07:52 am] Ed : doji u see how the best tick
could do was 475 and could not sustain,
[07:55 am] skydiver : Have a great day
everyone – computer problems this morning-
only one trade but made $$. 🙂 see ya
tomorrow morning
[07:56 am] Ed : nice going sky,
[07:56 am] scalpman : Bye sky…good
one!
[07:56 am] khall : cya sky
[07:56 am] qwert : bye sky
[07:56 am] eddy : bye sky
[07:56 am] skydiver : 🙂
[08:00 am] doji : I have around 600 Ed and
evrytime it hits that valuve, $TICK
drops
[08:01 am] Ed : hmmm, 600, the high for today
on mine is 475
[08:01 am] Ed : low is 1008
[08:02 am] doji : I have High = 716, Low
-1091 ED
[08:03 am] doji : The high was right after
the open
[08:03 am] doji : and the low at
10:51AM
[08:04 am] Ed : interestin[08:04 am] lisas :
what platform? Mine is same as Ed’s on
TS
[08:04 am] qwert : Ed are you talkin nyse
tick
[08:04 am] Ed : yes
[08:05 am] doji : Mine is TOS
[08:05 am] mikewd2 -: RVBD lod[08:05 am] doji
: NYSE Issues Up/Down Ratio
[08:06 am] mikewd2 -: GMCR trying to make a
move
[08:08 am] mikewd2 -: stopped on RVBD
long
[08:13 am] doji : MW: Market discounting
Greek elections
[08:14 am] mikewd2 -: DMND will not meet
Nasdaq filling requirements and expects
delisting
[08:14 am] Ed : thx doji[08:21 am] scalpman
: Time to go…a very good morning…Thanks
for great trade ideas.
[08:21 am] scalpman : See you tomorrow.
[08:21 am] scalpman : Scalpman has left the
building!
[08:21 am] khall : bye scalp
[08:21 am] Ed : c ya scalp
[08:21 am] lisas : bye scalp
[08:22 am] eddy : bye scalp
[08:23 am] mikewd2 -: out CNC L
[08:23 am] gumroadboy : Thanks Mitch,
getting ready to take 2nd big helping of
CNC.
[08:25 am] mikewd2 -: you going short
gum?
[08:25 am] doji : CNC doule top
[08:29 am] joeytsa : AAPL conference starts
at 1pm est[08:38 am] Mitch K: what are you
saying gumroad? you are wanting to buy or
short? also, try to keep your position sizes
consistent
[08:53 am] doji : Ouch…
[08:54 am] doji : That is why stops shoudl
be always used or you can get chopped in
half
[08:54 am] doji : Just watching and licking
my wounds….
[08:56 am] eddy : OCR moving up
[08:58 am] doji : Seeing highest $TICK ~
1000
[08:59 am] Ed : some platform are more
sensitive seems like thats the case with urs
doji[09:14 am] gumroadboy : mitch[09:18 am]
gumroadboy : Mitch, in CC for 3rd helping at
26.20.Hope 3 is still a charm !!
[09:19 am] gumroadboy : Should be CNC.
[09:22 am] eddy : gum cud u specify if u r
short or long wen u call your entry so we
understand yr position?
[09:24 am] gumroadboy : Long all three
times.
[09:25 am] qwert : NVDA talked up on cnbc
halftime report
[09:25 am] Ed : figured so
[09:30 am] Ed : with the action, figured
someone talked it up
[09:32 am] doji : There is a clear
resistance trendline that the SPY cannot
obviosuly break
[09:42 am] victor51 : Lot to learn in
Simulation and enjoying it. Will be in and
out for doctor’s appointment. Good luck and
keep mking money…
[09:42 am] Ed : c ya victor
[09:42 am] qwert : cya victor
[09:45 am] parachute : got AMZN long
[09:45 am] qwert : nice parachute
[09:46 am] parachute : yep it made my day
much happier
[09:46 am] Ed : nice going parachute
[09:46 am] parachute : 🙂
[09:54 am] eddy : wat wil be the signal on
NVDA ed .it looks like a difficult one
[09:55 am] Ed : would like to see a move with
vol into 12.81 area
[09:55 am] eddy : SPY is going down and
NVDA Still kicking
[09:55 am] doji : Ed, if moving with Volume,
it would signal a breaout[09:57 am] Ed : for
me if vol continued and price moved with it,
yes one has to be flexible however, if it
moves with vol into 12.81 which is potential
area of resistance and vol drops off gives
edge to short side
[09:57 am] doji : Thanks Ed
[09:58 am] Ed : its all about monitoring how
reacts at those potential areas of
resistance
[10:00 am] Ed : but technically NVDA has
resistance from 12.64 on up to 13.67 without
naming every price in between
[10:01 am] Ed : this is daily of NVDA
[10:01 am] joeytsa : AAPL trending a bit
down with their conference getting ready to
start
[10:02 am] joeytsa : Ed: i think you need a
couple more lines on that chart 🙂
[10:02 am] Ed : so u see all the potential
areas, it can slow drift upward but higher
odds would be vol and drop off of the demand
of buyers
[10:02 am] Ed : will add one more, LOL
[10:03 am] joeytsa : lots of res above on
that chart
[10:03 am] Ed : exactly
[10:04 am] Ed : cleaner chart, but I can see
areas of potential resistance due to my chart
study without lines drawn
[10:04 am] Ed : the blue line where we had
drop is where I was zeroing in on
[10:05 am] joeytsa : makes sense
[10:05 am] jsn13 : The area where tops and
bottoms meet?
[10:05 am] eddy : wat were those resistance
points u had ED
[10:05 am] Ed : yes or buyers/sellers fought
it out u can see who one
[10:06 am] Ed : the blue horizontal lines
drawn are areas of potential resistance
[10:06 am] jsn13 : ok very nice….are these
the areas u use if u wanna enter early?
[10:07 am] eddy : but how are they
defined?which indicators?
[10:08 am] Ed : they are defined by seeing
who won between buyers/sellers, no indicator
it comes from trained eye and studying
charts
[10:08 am] eddy : so those lines you showed
were plotted by you?
[10:08 am] Ed : yes
[10:09 am] eddy : hmmmm….iu obviously got
a long way to go
[10:09 am] eddy : i[10:09 am] murano :
VLO
[10:09 am] Ed : not as long as u think
[10:09 am] shark : nice murano -VLO
[10:09 am] joeytsa : thanks murano[10:10 am]
Ed : nice one murano[10:14 am] Ed : eddy u
still have that book by john murhphy[10:14
am] eddy : yup
[10:15 am] doji : MArket moving
[10:15 am] Ed : that will get u up to speed
also, like anything else wothwhile will not
happen overnight but u will make great
strides putting in the study
[10:15 am] eddy : sure will keep
studying
[10:17 am] Ed : joey I added 80 more lines
just for you
[10:17 am] qwert : hahaha[10:17 am] shark :
🙂
[10:22 am] joeytsa : thanks Ed..i want every
2cent res area haha[10:23 am] Ed : lol[10:27
am] doji : Ed, I see your resistance targets
for VLO are based on inflexion points…
[10:27 am] doji : from the daily
[10:27 am] Ed : fyi eddy, u do not have to be
able to interpret charts like that too make
money, u get a reliable system u can
trust
[10:28 am] eddy : well which system?
[10:28 am] Ed : as well as moving avg.
too
[10:29 am] Ed : great question, a systems
that fits ur style based on what u learn from
different traders here and self stufy[10:29
am] eddy : ill get there im sure
[10:29 am] eddy : no worries
[10:29 am] Ed : u will
[10:30 am] Ed : thats why for me doji, its
all about the action of what Im seeing and
how stock is reacting
[10:31 am] Ed : and when I feel I have an
edge Im taking the trade regardless
[10:33 am] shark : AAPL drop
[10:34 am] Ed : conference call I guess
[10:34 am] shark : yeahhhhhhh[10:35 am] doji
: Shark, you bought puts on APPL for
sure
[10:35 am] shark : 582.74 is the 50day,
sitting right at it
[10:36 am] shark : waiting to enter a
position, doji[10:37 am] doji : share with
us Sharky[10:38 am] Ed : 1st time ever got
partial fill on AAPL
[10:39 am] eddy : wat is yr entry ed[10:39
am] eddy : im long 582.9
[10:40 am] Ed : 582.09 I already took profit
583. 27
[10:42 am] shark : nice Ed 😉
[10:43 am] Ed : eddy did you trade small
position?
[10:43 am] shark : AAPL below 50day now
[10:43 am] Ed : thx shark
[10:55 am] doji : I see a 1MM shares in SLB
volume and cofirmed by the Buy and Sales but
see no reaction on the stock
[10:56 am] doji : at 13:54…. strange
[10:56 am] shark : I’ve seen that before
doji[10:57 am] joeytsa : yeha doji, big vol
spike
[10:59 am] shark : FB holding VWAP well
today
[10:59 am] joeytsa : new macbookair will be
$100 cheaper
[11:00 am] joeytsa : see if intel gets a pop
from this
[11:01 am] shark : yeah, joey
[11:02 am] joeytsa : so far it looks like no
haha[11:02 am] shark : SPY new lod[11:02
am] doji : Wow, SPY resuming selling
[11:03 am] doji : MW: England, France tie in
Euro 2012 group match
[11:03 am] doji : That must be the reason
for the drop
[11:04 am] Ed : lool[11:05 am] joeytsa :
what a surprise..a tie
[11:08 am] joeytsa : BIDU having a spike of
some kind
[11:14 am] mikewd2 -: CJES over $18 again,
needs to hold it
[11:17 am] gumroadboy : My Chinese sign is
the rat, that’s just a big mouse.
[11:20 am] shark : OPEN -missed spike
[11:20 am] shark : on AAPL adding it to
Siri[11:21 am] joeytsa : ES trying to hold
1310 area
[11:22 am] shark : AAPL adding OPEN to
Siri[11:22 am] shark : as reported from
Apple conference
[11:23 am] shark : that was announced on
Friday, Ed
[11:23 am] Ed : hmm old news
[11:23 am] joeytsa : nice vol spike there
though
[11:23 am] shark : yeahh.
[11:23 am] Ed : still got spike on FB
though
[11:24 am] shark : maybe some people didn’t
get the first memo
[11:24 am] shark : jajaja[11:24 am] Ed :
interesting it was released again
[11:24 am] shark : Tim Cook must be
discussing it in more detail,
[11:25 am] shark : as they had only released
that they would be working with FB, but not
in what capacity
[11:25 am] Ed : key word now is
partnering
[11:26 am] shark : YELP
[11:26 am] shark : 5% spke on Siri
inclusion
[11:27 am] shark : watching YELP
[11:29 am] mikewd2 -: CNC making a move
[11:32 am] jsn13 : Ed, did u take YELp
short?
[11:32 am] Ed : no
[11:32 am] Ed : got distracted
[11:32 am] jsn13 : Ok….thanks…is 2.26pm
shooting star a good signal?
[11:34 am] Ed : yes it was fine to use as it
confirmed rejection of price at 2:16, 2:17
and 2:18
[11:35 am] Ed : and u got nice quick 2%
drop
[11:35 am] jsn13 : usually where would u
enter?
[11:35 am] eddy : im calling it a nite[11:35
am] ogking : NSM Breaking down
[11:35 am] eddy : see u all tom#
[11:35 am] joeytsa : bye eddy
[11:35 am] Ed : c ya eddy
[11:36 am] mikewd2 -: cu eddy
[11:36 am] khall : bye eddy
[11:36 am] Ed : normally 2:18 but if I missed
it there would take 2:29
[11:38 am] jsn13 : thanks ed….u would
enter right at the open of 2.18 or u would
have ur order at 20.30 area?
[11:39 am] Ed : i would be happy with price
of 20.18 or better
[11:40 am] Ed : nice one on Yelp shark
[11:40 am] jsn13 : ok thanks…..bout 1%
risk…
[11:40 am] shark : 😉
[11:41 am] Ed : I was giving it .5% risk, I
would have sat on side and looked for better
entyr[11:41 am] Ed : not saying its the right
way, just how I would have played that
stock
[11:42 am] jsn13 : if u enter at 20.18 or
better…the top was 20.41…so bout 1% risk
right? or u have tighter stop?
[11:42 am] shark : CMG testing 400 round #
most of day
[11:43 am] Ed : on that stock my stop would
have been .5% which is about 20.28, dont take
it as gospel just how I would have played
YELP
[11:44 am] jsn13 : ok no prob ed…juz wanan
see how u would play it…wil be
flexible….
[11:44 am] jsn13 : thanks….
[11:46 am] Ed : yes, its all about working
the trade
[11:47 am] jsn13 : Ok got it….
[11:49 am] Ed : way GRMN traded earlier, news
leaked
[11:49 am] shark : GOOG and GRMN on AAPL
news
[11:49 am] shark : GOOG new lod[11:51 am]
mikewd2 -: garyb: getting a little movement
in UVXY
[11:58 am] garyb : Yes! I see that
Mike!
[11:58 am] Ed : did get bounce, so I look for
my next opportunity speakn of ACOM
[11:58 am] garyb : Turning out to be
okay….guess the pros know! 🙂
[11:59 am] mikewd2 -: CNC moving higher
[11:59 am] garyb : UVXY is actually GREEN!
I thought I would be crying with a 20% down
number!
[11:59 am] shark : ACOM receiving offers
from private investment firms for buyout
[11:59 am] garyb : (I bought an extra box of
Kleenex today!) lol[12:00 pm] Ed : that news
was from last year shark
[12:00 pm] shark : lol 🙂
[12:00 pm] Ed : lol[12:00 pm] shark : same
news, new day, new opportunity?
[12:00 pm] Ed : right
[12:07 pm] murano : AAPL
[12:09 pm] shark : yeahhh[12:09 pm] doji :
Gary, I am very happy for you….
[12:09 pm] garyb : Mike……UVXY is up
almost 8% today!!!!
[12:09 pm] shark : nice gary 🙂
[12:09 pm] garyb : lol doji…thanks you
buddy!!!
[12:09 pm] Ed : garyb has a cheesy smile,
very bright on east coast
[12:10 pm] qwert : hahaha[12:10 pm] garyb :
LOL…..how can you see my smile Ed??
lol[12:10 pm] Ed : its so bright here
outside
[12:10 pm] garyb : lol[12:11 pm] skydiver :
wow, my computer came on – guess the poer of
gary’s smile energized it 🙂
[12:11 pm] Ed : lol[12:11 pm] skydiver :
power
[12:11 pm] joeytsa : haha[12:11 pm] shark :
FB new lod[12:11 pm] shark : guess the AAPL
hype couldn[12:12 pm] shark : couldn[12:12
pm] shark : help
[12:12 pm] garyb : too funny Sky!!!! Is it
my FB pic??
[12:12 pm] skydiver : 🙂 –
[12:14 pm] garyb : Geez..UVXY is a
powerhouse!
[12:14 pm] garyb : heading up to
10%…wow
[12:15 pm] khall : great for you
gary!!!!
[12:15 pm] khall : way to hang in
there…
[12:16 pm] garyb : well..I had no choice
really….did not want to sell at such a huge
loss this morning
[12:16 pm] khall : are you going to swing a
piece of it?
[12:16 pm] garyb : yes…….for a
while….from what I read it’s going to get
uglier before better
[12:17 pm] khall : that’s what I was
thinking as well
[12:17 pm] garyb : shorts might prevail
[12:17 pm] garyb : that’s why I am trading
UVXY….BUT after the news yesterday it was
not such a nice Sunday yesterday!
[12:18 pm] khall : ugh – I can imagine
[12:23 pm] garyb : Mitch…you are right in
your reports about the market and to be
careful with Longs!
[12:24 pm] mikewd2 -: garyb: I assume your
going to hold your UVXY?
[12:27 pm] joeytsa : i have that list right
next to my computer Mitch
[12:27 pm] garyb : Yes Mike I will.
[12:27 pm] shark : can’t get anything
scratched off the list, either
[12:27 pm] garyb : I think once fear gets
into the market ….UVXY can easliy go above
$30….but that’s only my opinion
[12:29 pm] mikewd2 -: you in TZA also?
[12:29 pm] garyb : yes in another
account…that one is shut off today too…I
may as well look at it now! lol[12:30 pm]
mikewd2 -: haha[12:30 pm] joeytsa : be
careful with the ostrich strategy
[12:30 pm] qwert : hahaha[12:30 pm] garyb :
Ostrich strategy! Too funny!
[12:30 pm] Ed : it works well when ur at the
beach with ur spouse
[12:31 pm] qwert : sunglasses work better
Ed
[12:31 pm] joeytsa : might be cheaper there
too
[12:31 pm] Ed : now u tell me qwert[12:32 pm]
joeytsa : ES held 1306 support
[12:33 pm] garyb : Joey…did you switch to
the new ES contract?
[12:33 pm] joeytsa : yeah, the sept[12:33
pm] garyb : ok cool
[12:33 pm] garyb : me too
[12:34 pm] qwert : bye everybody out to
lunch with the inlaws cya in the am
[12:34 pm] Ed : c ya qwert[12:34 pm] joeytsa
: ninja sends out a message when contracts
rollover
[12:34 pm] joeytsa : sorry to hear qwert
haha[12:34 pm] qwert : lol[12:34 pm] joeytsa
: i spent a month with my inlaw one day
🙂
[12:35 pm] qwert : were almost at a week
just seems like a year
[12:35 pm] joeytsa : hah
[12:35 pm] joeytsa : AAPL testing lod[12:36
pm] garyb : Mitch…I know…..amazing list!
Other pro talk like this too so I’m being
careful and going short
[12:37 pm] joeytsa : crude under $82
[12:37 pm] mikewd2 -: say it aint so
joey
[12:38 pm] joeytsa : read something said US
is exempting some nations from iran oil
embargo
[12:40 pm] joeytsa : AAPL and ES both held
support tests
[12:52 pm] garyb : wow…almost at break
even in UVXY
[12:52 pm] mikewd2 -: nice gary, i’m up now
on mine
[12:52 pm] garyb : if I told you how down it
was you would all need some Tums! lol[12:52
pm] garyb : congrats Mike!
[12:53 pm] mikewd2 -: had written covered
calls on them friday, but bought them back
this morning.
[12:54 pm] mikewd2 -: vix up almost 8%
[12:55 pm] garyb : wow….this may only be
the beginning…I mean look at Mitch’s
list!…plus there are more
[12:56 pm] garyb : 16…..Operation Twist
ends tomorrow
[12:56 pm] garyb : Statistically when Fed
programs end the markets went down
[12:56 pm] garyb : (just what I read)
[12:57 pm] joeytsa : just about a 40pt down
move on the ES from overnight
[12:58 pm] garyb : UVXY almost 18!
lol[12:58 pm] garyb : crazy
[12:58 pm] victor51 : Garyb. I studied
Heiken. How do you apply on Trade station
platform
[12:58 pm] doji : Gary is the man of the
year!!!!
[12:59 pm] garyb : you have to import into
your TS platform
[12:59 pm] garyb : do you have it Victor? I
can send it to you
[12:59 pm] mikewd2 -: send it to me garyb, I
don’t have it. [email protected]
[12:59 pm] garyb : lol doji! Did you read
that in Man Magazine!
[01:00 pm] garyb : guys it’s amazing!
[01:00 pm] garyb : I have been using for
about 5 months now
[01:01 pm] garyb : ok mike I will send
[01:01 pm] victor51 : Doji, can you shed
some light on Doji indicator.I like it.
[01:01 pm] victor51 : Gary, I got it. I have
not used import feature.
[01:02 pm] garyb : Yes….go to
FILE..IMPORT
[01:02 pm] garyb : You are importing a PAINT
I beleive[01:02 pm] victor51 : Thanks. I
will try it
[01:02 pm] garyb : I have to run now but I
can help tomorrow
[01:03 pm] garyb : GOod night eveyone!
[01:03 pm] khall : night all – see you
bright and early tomorrow!
[01:04 pm] victor51 : Goodnight Mitch, Ed
and all great traders
[01:06 pm] joeytsa : Thanks Mitch, Ed,
everyone…see you all tomorrow
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