[06:13 am] Kris : Good Morning Traders
[06:14 am] Brent : Good morning all
[06:14 am] Kris : Premarket I’m watching
RENN, TGT, DANG, KSS, M, FST, LL and CHK
[06:15 am] Mitch K: Jobless claims news
really spiking the premarket futures. I
would think the shorts wont be as successful
as the longs
[06:28 am] Kris : 2 Minutes, Time to Rock!
[06:30 am] Kris : TGT short
[06:31 am] Kris : LPS short
[06:31 am] Kris : SINA short
[06:31 am] Kris : V long half position
[06:32 am] Kris : LL short
[06:32 am] Mitch K: looking at OCZ for
possible short
[06:33 am] Kris : stop TGT over 52.07
[06:34 am] Kris : out half LL short
[06:34 am] Kris : stop second half LL short
over 21.07
[06:34 am] Mitch K: V toppy
[06:34 am] Mitch K: watching V
[06:35 am] Kris : I’m long V half, waiting
for a pullback to add second half
[06:35 am] Kris : out half SINA short
[06:35 am] Kris : stop second half SINA over
115.06
[06:35 am] Mitch K: watching HFC, YUM
[06:36 am] Kris : out another 1/4 SINA
short
[06:36 am] Mitch K: URBN turning over
[06:36 am] Mitch K: watching CRM
[06:37 am] Brent : watching VIT for a bounce,
support around $20
[06:37 am] Kris : out all SINA short
[06:37 am] Kris : RENN resistance around
12.00
[06:37 am] Kris : watching RENN for a
short
[06:37 am] Mitch K: looking for bounce in
SINA soon
[06:38 am] Kris : out another 1/4 LL short
[06:38 am] Kris : V consolidating, looking
for a new hod[06:39 am] Kris : stop last 1/4
LL short over 20.85
[06:39 am] Kris : SWKS long half position
[06:40 am] Kris : watching DECK for a
short
[06:40 am] Mitch K: consider covering OCZ
[06:41 am] Kris : AGP short half position
[06:41 am] Kris : out all LL short
[06:42 am] Kris : watching DANG for a
short
[06:42 am] Mitch K: HOG turned over, like to
get higher price to short,
[06:42 am] Mitch K: watching AH for bottom
[06:43 am] Brent : consider reducing VIT
[06:43 am] Brent : next target 21.80 area on
VIT
[06:43 am] Kris : SODA short half position
[06:44 am] Kris : ILMN short half position
[06:44 am] Kris : out half SWKS long
[06:44 am] Kris : stop second half SWKS long
under 24.34
[06:44 am] Mitch K: watching UNH
[06:45 am] Brent : consider closing or
reducing VIT
[06:46 am] Kris : VRUS short half position
[06:47 am] Kris : out another 1/4 SWKS
long
[06:47 am] Kris : stop last 1/4 SWKS long
under 24.44
[06:47 am] Kris : V long second half
[06:48 am] Brent : watching MOBI for a
short
[06:48 am] Kris : POT short
[06:48 am] Mitch K: consider reducing SINA
long
[06:49 am] Kris : out all SWKS long
[06:49 am] Kris : SPY new lod[06:49 am] Mitch
K: consider reducing AH gradually,
[06:50 am] Mitch K: consider selling SINA,
also watch for possible short on top of this
bounce
[06:51 am] Mitch K: consider selling AH
[06:53 am] Kris : SODA short second half
[06:54 am] Mitch K: JWN turning over
[06:55 am] Kris : AGP new lod[06:55 am] Kris
: short second half ILMN
[06:56 am] Kris : SBUX short half position
[06:56 am] Mitch K: watch SINA to cover any
short, consider covering here 113.75 area
[06:58 am] Kris : out half AGP short
[06:58 am] Kris : stop second half AGP short
over 74.26
[06:59 am] Kris : ARW short half position
[06:59 am] Mitch K: blue chart is an etrade
chart on SINA, next to esignal SINA chart
[06:59 am] Mitch K: so you get the long
bounce and then you sell toward the top, then
short that top of that bounce, then cover
around here now, going down more than
normal
[07:00 am] Mitch K: and if it is a larger
range of price from high to low, then
sometimes, once in a while you can get 3
scalps
[07:00 am] Mitch K: many good scalps you make
money twice on the same stock
[07:01 am] Mitch K: now on this SINA, it’s
over, don’t try to milk a dry cow
[07:02 am] Kris : out another 1/4 AGP
short
[07:02 am] Mitch K: education stocks running
up: APOL, ESI, CECO, name some others
[07:02 am] Mitch K: missed the bottom in EL
but watching for short on top of this
bounce
[07:04 am] Mitch K: watching LULU
[07:05 am] Kris : SBUX short second half
[07:05 am] Kris : VMW short half position
[07:05 am] Kris : VRUS coming up on lod
support, see if it can make new low
[07:05 am] Mitch K: oops sorry, ignore that
one chart, im just scanning
[07:06 am] Mitch K: MDR short soon
[07:07 am] Kris : out all AGP short
[07:08 am] Kris : ROST short half position
[07:08 am] Mitch K: MDR not ready, just
frozen
[07:09 am] Kris : out half SODA short
[07:09 am] Kris : RENN short half position
[07:09 am] Kris : stop second half SODA short
over 78.32
[07:09 am] Mitch K: but i forgot to post CE,
too many ideas, not enough screens
[07:09 am] Mitch K: we want MDR to look like
CE chart, let me show you
[07:10 am] Kris : stop SBUX short over
40.08
[07:10 am] Mitch K: forget MDR short
[07:10 am] Mitch K: LULU moving up
[07:12 am] Mitch K: now MDR turning over,
sheesh,
[07:13 am] Mitch K: consider reducing LULU
here 121.50
[07:13 am] Mitch K: watching MOS for top
here
[07:13 am] Mitch K: watching YOKU
[07:17 am] Mitch K: important spot here on
MOS short,
[07:17 am] Mitch K: MDR on left, the one i
quit on
[07:18 am] Kris : short second half ROST
[07:18 am] Mitch K: usually drops down
quickly
[07:18 am] Mitch K: we want MOS to go lower
low here and if it does
[07:19 am] Kris : short second half ARW
[07:19 am] Kris : test
[07:19 am] Mitch K: consider covering MOS
short
[07:20 am] Brent : No Leo, that’s just where
his crosshairs are
[07:20 am] Mitch K: no Leo, that cross hair
is random, just where i left the mouse
[07:21 am] Kris : out half VMW short
[07:21 am] Kris : stop second half VMW short
over 103.07
[07:21 am] Mitch K: watching ROVI
[07:22 am] Mitch K: DWA moving, saw the CEO
on CNBC earlier, saying they don’t want to be
bought out
[07:23 am] Mitch K: CREE toppy
[07:23 am] Mitch K: late to see CREE, turned
over already
[07:23 am] Mitch K: ROVI toppy
[07:24 am] Kris : STEC long half position
[07:24 am] Mitch K: DWA toppy
[07:24 am] Mitch K: missed bottom in A,
Agilent. watching for a short on top of this
bounce
[07:25 am] Kris : SPY consolidating just over
lod support
[07:27 am] Kris : Nat Gas numbers in a few
minutes. Mind your positions.
[07:28 am] Kris : NANO ALERT
[07:28 am] Kris : NANO ALERT
[07:28 am] Kris : NANO long half position
[07:29 am] Mitch K: watching LRCX for top
[07:30 am] Kris : CL reporting due to short
holiday week. Normally it’s on Wednesday.
[07:30 am] Kris : out half NANO long
[07:32 am] Kris : out another 1/4 NANO
long
[07:32 am] Kris : out half STEC long
[07:33 am] Kris : out all NANO long
[07:33 am] Kris : stop second half STEC long
under 17.93
[07:33 am] Mitch K: LRCX turning over
[07:34 am] Kris : out another 1/4 STEC
long
[07:35 am] Kris : stop last 1/4 STEC under
18.15
[07:36 am] Kris : short second half RENN
[07:36 am] Mitch K: NANO toppy
[07:36 am] Mitch K: watching RRC
[07:39 am] Mitch K: A toppy
[07:40 am] Kris : looking for new lod in
VMW
[07:40 am] Mitch K: going to be new high on
A
[07:41 am] Kris : out all STEC long
[07:41 am] Mitch K: RRC bottom
[07:45 am] Kris : out half VRUS short
[07:46 am] Kris : out half RENN short
[07:46 am] Kris : stop second half RENN short
over 11.43
[07:46 am] Kris : stop second half VRUS short
over 128.05
[07:49 am] Mitch K: 2nd helping short in
JWN
[07:50 am] Kris : watching NANO for another
long
[07:50 am] Mitch K: watching SNY
[07:51 am] Mitch K: SNY, Sanofi[08:03 am]
Mitch K: consider reducing or selling long in
SNY
[08:03 am] Mitch K: good time to cover A
short
[08:03 am] Mitch K: watching JVA for 2nd
helping short on top of this rebound, thanks
rusty
[08:05 am] Kris : look to start selling NANO
if you got it long a second time.
[08:09 am] Mitch K: consider selling most of
SNY long and monitor for short on top of this
bounce
[08:10 am] Mitch K: good job guys
[08:25 am] Brent : great work guitarzan[08:27
am] Kris : out 1/4 ROST short
[08:27 am] Kris : out another 1/4 ROST
short
[08:27 am] Kris : stop second half ROST over
80.66
[08:27 am] Kris : VMW near lod, looking for
failure.
[08:29 am] Brent : good one on CNC
Stevemld[08:33 am] Brent : the one in front
is Etrade Topdog, the back white one is
Esignal[08:46 am] Brent : SINA has resistance
around 113.85
[09:02 am] Mitch K: wow that was pretty, RAH,
never saw it
[09:03 am] Brent : me neither, good eye
Lightning
[09:05 am] Mitch K: may not look like much
but was 3% profit on that 2nd helping
short
[09:11 am] Kris : looking for a lower low in
ROST
[09:15 am] Mitch K: ACHN could have more
downside and give a 2nd short later
[09:15 am] Mitch K: its a pharmaceutical,
ACHN
[09:17 am] Mitch K: a good practice now since
it slowed down a lot, is to review stocks you
saw earlier. see if there is another helping
in there somewhere
[09:19 am] Mitch K: i mean don’t go after low
quality trades but the stocks that moved a
lot earlier tend to give another opportunity
and if you look at enough stocks that came
across all of our screens earlier, you often
find something interesting
[09:23 am] Kris : BYI long half position
[09:32 am] Mitch K: looking for that 2nd
helping short around 8.45
[09:35 am] Mitch K: zagg[09:38 am] Mitch K:
at this point, that’s too late to do that but
you get whiplashed easily just seeing a chart
like that and getting excited and then
sending market orders along with everyone
else.
[09:38 am] Mitch K: what you do with stocks
like this, ZAGG, or how i handle them. is
when you see them, don’t throw a market order
to buy long in, esp since many of you have
brokerage firms that are like AMTD, Etrade,
Schwab, etc. You send a couple of limit
orders, sort of the “lowball” mentality like
$11.45, 11.50, 11.51, etc.
[09:40 am] Mitch K: Citron Research mentions
ZAGG cautiously. Not as powerful as Muddy
Waters Research but similar.
[09:41 am] Mitch K: 2nd helping short on ACHN
here,
[09:41 am] Mitch K: Another company gaining
credibility as far as moving stock is
DealReporter[09:42 am] Mitch K: and you are
trying to cover around 8.25 so 20-25 cents on
an $8 stock is around 3%, good money
[09:44 am] Mitch K: is this helping you?
getting the hang of this?
[09:45 am] Mitch K: things are much much
faster in the first 60-90 minutes of each
day
[09:46 am] Mitch K: let’s look at this ZAGG
trade idea. For the more experienced trader
with correct trading platform but there are
several trades in this one. long, short,
long
[09:47 am] Mitch K: and with ACHN, that 2nd
helping short is a slower motion trade than
ZAGG. you don’t have to feel like you need
to get all these ideas, just choose 1 or 2
and build your skills and gradually you can
juggle more at the same time. but one at a
time is plenty of money and do 3 successfully
in first 90 minutes, that’s great money
[09:50 am] Mitch K: there should be a short
in ZAGG, make it a small opening short
[09:51 am] Mitch K: probably from that $12.50
area back to $12
[09:52 am] Mitch K: you really need to use
limit orders for most orders, esp with
something like ZAGG that has a 6-10 cent
spread
[09:55 am] Brent : XCO alert
[09:56 am] Brent : good chart pattern on SOA
jjammer, but not enough potential in it for
me.
[09:56 am] Mitch K: same procedure, throw out
a small order with limit order, quickly
[09:57 am] Mitch K: cover ZAGG short right
away here 11.85
[09:58 am] Kris : Long second half BYI
[09:59 am] Mitch K: now Kris’ face looks like
a check board with many eyeballs
[09:59 am] Mitch K: this is a split screen
window, one chart for each eyeball
[10:09 am] Kris : I watch 3 screens with my
left eye and the other 3 screens with my
right eye.
[10:09 am] Kris : I’m still long half babak,
looking for a push through hod.
[10:10 am] Mitch K: what’s the large eye in
center of your forehead for Kris?
[10:11 am] Kris : it’s for watching
youtube[10:12 am] Brent : lol[10:21 am] Kris
: out another 1/4 VRUS short
[10:22 am] Kris : stop last 1/4 VRUS short
over 126.73
[11:18 am] Kris : SODA at lod support
[11:18 am] Kris : SPY pushing new hod[11:31
am] Kris : watching for a new low in SODA
[11:42 am] Kris : out half BYI long
[11:42 am] Kris : stop second half BYI under
41.25
[11:45 am] Kris : anyone that got SODA short
on the new low, look to start covering some
here.
[11:57 am] Kris : Let me show you on the
charts sakii, one second
[11:57 am] Kris : SODA has been on a strong
run so I’m gonna be looking for more downside
for the next couple days down into 73.50 and
then 72.00
[11:58 am] Kris : you see this chart sakii
for FST?
[11:59 am] Kris : a large exhaustive gap
[11:59 am] Kris : FST opened as a gap down
[12:00 pm] Kris : and it consolidated for the
first few minutes right around 25.00
[12:00 pm] Kris : it opened just over support
area
[12:02 pm] Kris : and this sold down below
support
[12:02 pm] Kris : bear with me, this is a
first for me on this thing
[12:02 pm] Kris : LL was very similiar[12:02
pm] Kris : so we had a bearish gap
[12:02 pm] Kris : the market gapped open and
started to enter the gap
[12:07 pm] Kris : did you have any other
questions sakii?
[12:13 pm] Kris : We’ll try to give a lesson
a day as we move forward. Those of you that
don’t have audio you might want to turn on or
add speakers to your setup.
[12:14 pm] Kris : You’re welcome mbear.
[12:15 pm] Kris : mikewd2, can you clarify
your question re: RBN?
[12:16 pm] Kris : you jumped in short looking
for a new low mike?
[12:23 pm] Kris : I like to have my stop a
few cents below the low or above the high and
it’s a little more related to stock price.
I’ll give a $50 stock a little more room than
a $10 stock.
[12:23 pm] Kris : SODA still breaking down
[12:23 pm] Kris : those are gonna be natural
areas of S/R
[12:23 pm] Kris : Try to stay off of round
numbers such as 21.00, 15.00, 10.00
[12:28 pm] Kris : SODA support near 72.50
[12:29 pm] Kris : I get a lot of static so I
try to only post those I think are worth a
trade
[12:29 pm] Kris : I have a premarket scanner
derns[12:30 pm] Kris : it works well
[12:30 pm] Kris : They do have one mike
[12:31 pm] Kris :
[email protected]
[12:31 pm] Kris : yeah, email me and I’ll
send you the settings for it
[12:32 pm] Kris : look for about 1% and don’t
get greedy on it.
[12:32 pm] Kris : SODA could give a tradeable
quickie bounce for those trade junkies out
there.
[12:33 pm] Kris : out all VRUS short
[12:38 pm] Kris : HANS breaking down below
support
[12:38 pm] Kris : make a note to watch HANS
on the short side tomorrow
[12:40 pm] Kris : Anyone still short ILMN
from this morning?
[12:40 pm] Kris : if you are, look to cover
here
[12:49 pm] Kris : $8.55 per share in cash
[12:49 pm] Kris : APAC Customer Services to
be acquired by One Equity Partners
[12:49 pm] Kris : I was close
[12:49 pm] Kris : lol[12:50 pm] Kris : and no
good for long
[12:50 pm] Kris : arkadiy, when you see a gap
up and then a flat line across it usually
means a buyout.
[12:50 pm] Kris : yes, no good for short
[12:51 pm] Kris : based on what I’ve learned
from the old man about bullshorts[12:51 pm]
Kris : unless you want to wait a while and
tie up your capital trying to get the .10
from the price now to the accepted offer
price.
[12:52 pm] Kris : you want to have increasing
price and volume for at least 3 days
[12:56 pm] Kris : JRCC turned over today.
keep an eye on that tomorrow around 20.00
[12:57 pm] Kris : make a note to watch STEC
long tomorrow too
[12:58 pm] Brent : lol, I saw that coming
Fabio
[12:58 pm] Kris : Achillion Pharmaceuticals
announced that the company has initiated
patient dosing in segment 2 of its Phase 2
clinical trial of ACH-1625 for the treatment
of hepatitis C virus for genotype 1 treatment
naïve HCV-infected patients. ACH-1625,
discovered and advanced by Achillion, is a
potent small molecule inhibitor of HCV
protease, an enzyme necessary for viral
replication. The trial will take place in the
United States and Europe and is designed to
enroll approximately 60 HCV-infected
patients. The 12-week complete early
virologic response trial results are
anticipated to be announced in the fourth
quarter of 2011.
[12:58 pm] Kris : Good News For Brent
[12:59 pm] Kris : yes I am qwert, it will
probably have a bounce, not sure if it will
be tradeable to the long side but look for
small bounce or consolidation just over 20.00
and then a breakdown to take short.
[12:59 pm] Kris : You had it coming
[01:00 pm] Brent : have a great night all,
see you tomorrow
[01:00 pm] Kris : Great job today everyone.
See you all back here tomorrow to close out
the week. Enjoy your evening.
[01:11 pm] Mitch K: bye ladies
|
[06:14 am] ron : hey. anyone know how to
increase text size?
[06:15 am] 3be : ron ..look at the bottom L
to the wheel
[06:15 am] Brent : Click on settings which is
in the lower left of this chat window Ron.
Looks like a gear
[06:25 am] forgetmenot : FST
[06:42 am] observer : thx Brent VIT
[06:42 am] sfarrill : PSMT watch
[06:49 am] fjdalaska : Cool Kris in 24.44
out 24.70 in about 5 min SWKS
[06:56 am] toptrade : short apol 48.44
[07:03 am] forgetmenot : KRIS.did you move
your stop AGP
[07:03 am] lightning : and DV not
DB….sorry
[07:03 am] lightning : BPI not DPI
[07:03 am] lightning : education stocks:
ESI STRA DB DPI
[07:06 am] southernky : kris stop on soda
[07:09 am] qwert : kris- stop for sbux[07:11
am] observer : AGP bottom may be in
[07:13 am] topdogrex : thanks Mitch for
MDR
[07:14 am] babak -: Kris, still in POT?
[07:17 am] duckfan : Watching MRO for a
long
[07:18 am] leo : Mitch, the orange is
target?
[07:20 am] leo : Thx Brent
[07:23 am] rusty : JVA alert
[07:28 am] delhi : Kris, and CL too?
[07:32 am] alusi : what’s the news on
NANO
[07:33 am] observer : rusty, JVA on fire
[07:34 am] junior : watching PCP
[07:48 am] junior : SNY
[07:51 am] rusty : JVA is a wild pony but $
maker if you are patient
[07:53 am] alusi : any news on snf[07:54 am]
alusi : sny I meant
[07:55 am] jjammerp : news on sny?
[07:58 am] alusi : SNY suspends trial phase
of lllb on Multaq[07:59 am] 3be : are we
looking for a close on A with these
candles?
[08:00 am] 3be : ring to get better with
exits..keeping a trailing stop
[08:08 am] junior : SNY…nice
[08:09 am] alusi : thx Mitch SNY
[08:09 am] junior : out SNY .90
[08:10 am] candelas : thx for sny[08:10 am]
guitarzan1 -: same here Mitch
[08:10 am] junior : Thanks Mitch
[08:12 am] Mitch K: good job ladies
[08:13 am] lightning : S SNY 39.88
[08:14 am] guitarzan1 -: S SHY 39.86
[08:15 am] guitarzan1 -: meant sny 😛
[08:18 am] lightning : out half SNY short
39.78
[08:19 am] stevemld : CNC
[08:24 am] guitarzan1 -: thanks guys, off to
work… doubled today’s income (I’m a
surveyor) in 25 minutes.
[08:25 am] guitarzan1 -: couldn’t have done
it without u
[08:25 am] lightning : guitarzan, why work
when you can do this?
[08:26 am] candelas : thx for cnc
Stevemld[08:26 am] lightning : out another
1/4 SNY short 39.62
[08:29 am] candelas : i got out at 38.34
[08:29 am] stevemld : SINA trying to bottom
on last drop
[08:32 am] topdogrex : Brent, the chart on
the screen is it Esignal[08:37 am] alusi :
CNC – To update fin guidance 7/26 as result
of medicaid pact
[08:43 am] stevemld : was looking for 114 L
SINA dont think its gonna make it
[08:45 am] mhaus : I think it will make it
if you can let it sit with limit sale
order
[08:47 am] lightning : covering the last of
my SNY here at 39.78
[08:47 am] mhaus : Thanks. Holding SINA.
Will lower sell limit.
[08:47 am] stevemld : stopped out 113.40
Sina[08:49 am] stevemld : wow look @ spike
in CALI
[08:51 am] junior : watching BWLD
[08:56 am] lightning : RAH alert
[09:03 am] lightning : Thanks, but I just
watched RAH…hope someone traded it.
[09:03 am] stevemld : good one Lightning
thnks[09:04 am] eyes-inthenow : CLR
[09:04 am] scalpman : BLWD selling
off…from Junior
[09:07 am] mikewd2 -: BWLD?
[09:08 am] eyes-inthenow : HUVL
[09:08 am] mikewd2 -: Mitch, are we setting
up for a bottom?
[09:19 am] scalpman : BLWD is proving good
thanks junior.
[09:26 am] stevemld : FST took a big hit
today maybe a good swing candidate
[09:29 am] jjammerp : kris, did you get
stopped on TGT?
[09:32 am] johnny : Hi, Is there a hort on
BYI here?
[09:35 am] candelas : ZAGG
[09:36 am] rusty : Citronresearch out on
ZAGG
[09:39 am] mikewd2 -: achn at 8.45
[09:41 am] rusty : a lot of these stocks
tend to fall days before the negative reports
and bottom on day of report
[09:41 am] rusty : no frontrunners there,
lol[09:44 am] baz6308 : much better with
your comments Mitch thanks
[09:44 am] mikewd2 -: perfect Mitch thanks a
lot
[09:44 am] skydiver : Thanks Mitch – helps
in my learning process
[09:45 am] 3be : helping me. thanks for any
tutorials
[09:46 am] 3be : it certainly is fast and
furious at the open. I get lost
[09:46 am] storage : yes.thanks[09:47 am]
rusty : http://www.citronresearch.com
[09:49 am] Mitch K: thanks rusty
[09:51 am] lightning : ZAGG long was great
(twice) but no shorts at lightspeed[09:51 am]
qwert : no shorts zagg or achn at
lightspeed[09:52 am] mikewd2 -: i got ACHN at
etrade[09:52 am] mikewd2 -: just waiting for
8.20 to cover
[09:54 am] jjammerp : brent, thought on SOA?
Looking to long soon
[09:55 am] candelas : xco[09:56 am] mikewd2
-: i did at 16.50 but missed
[09:57 am] rusty : ZAGG has huge short
interest
[09:58 am] rusty :
http://www.nasdaq.com/aspxcontent/shortintere
sts.aspx?symbol=ZAGG&selected=ZAGG
[09:59 am] babak -: Kris, I still have POT,
what is your opinion on that?
[09:59 am] rusty : at least temporarily
[09:59 am] rusty : with all those short you
can see why it bottoms after a negative
article comes out
[10:06 am] mikewd2 -: Mitch, what are you
looking for to trigger a buy on XCO – spike
in volume?
[10:07 am] rusty : so far no volume spikes
on XCO but definitely oversold intraday
[10:11 am] lisas : mikewd2, I think they
look for macd to crossover, stoch to bottom
out, and up volume to kick in
[10:12 am] babak -: Kris, I think you posted
POT as a short.
[10:12 am] jjammerp : that was a riot
[10:12 am] mikewd2 -: ty lisas, that is what
I’m watching for
[10:12 am] rockstar : i thought the third
eye was to keep on Brent
[10:12 am] vans : Birthday Today, Just got
back from flying helicopter, What a rush. Now
Help Me make some Money!
[10:13 am] lisas : mikewd2, do you have
Mitch’s dvds? Ask about them, lots of
examples
[10:13 am] mikewd2 -: xco has two of the
three, but no real volumn kick
[10:14 am] babak -: got it, ok
[10:14 am] Kris : where is your stop
babak?
[10:14 am] Kris : you should be out of that
short long ago babak.
[10:15 am] babak -: hod, in at 57.78
[10:17 am] Kris : yeah I would stop over
58.26 from here babak.
[10:18 am] babak -: Thanks Kris, I try to see
if it gets close to 58 and getout.
[10:19 am] mikewd2 -: xco l 16.40
[10:24 am] sonorant : Mitch, back to your
comment about using a limit order for a stock
like ZAGG — if you lowball it with a limit
order, aren’t you likely just to lose out
altogether?
[10:25 am] rusty : sometimes better to lose
out than to get bad fill
[10:25 am] sonorant : And also, can you give
any more clarification as to how brokerage
firms like AMTD, Etrade and Schwab are more
problematical?
[10:26 am] rusty : almost too easy
[10:26 am] rusty : everything up today so
buy the dips is easy
[10:27 am] rusty : DPS radar…prefer lower
for a bounce tho[10:29 am] sonorant : good
point rusty
[10:31 am] rusty : XCO reaching near top of
bounce
[10:34 am] lorie : HOG
[10:41 am] mikewd2 -: SINA L 113.15
[10:43 am] vans : an
[10:44 am] rusty : passed with flying colors
jjammerp[10:44 am] vans : AN
[10:51 am] eyes-inthenow : CLH
[10:52 am] rusty : PAULSON’S LARGEST HEDGE
FUND SAID TO LOSE 11% IN JUNE
[10:57 am] derns : TZOO made a big swing
today
[10:58 am] derns : TZOO..that is, it opened
up big, but a Seeking Alpha article turned it
down considerably.
[11:04 am] rusty : RBN radar
[11:05 am] rusty : bearish engulfer today so
waiting for a little panic
[11:05 am] rusty : before trying bottom
[11:06 am] 3be : SODA dropped
[11:08 am] candelas : try this, close out
t/s completely then clik contrl alt del
[11:08 am] eyes-inthenow : Mitch King any
thoughts on RBN on daily
[11:08 am] stevemld : seemed to freeze for a
few min
[11:08 am] vans : an was nice, hope someone
caught it
[11:09 am] eyes-inthenow : OR Brent KRIS
[11:09 am] rusty : SPX Eight weeks of
losses recovered in Eight days
[11:13 am] 3be : soda down 2 pts[11:13 am]
sakii : SO is an interesting chart
[11:13 am] sfarrill : SODA
[11:15 am] 3be : SODa..such a big spread
[11:15 am] mikewd2 -: out SINA 113.70
[11:16 am] 3be : SINA..nice trade
[11:16 am] mikewd2 -: ty, 3rd trade on SINA
toay[11:16 am] rusty : RBN 10dma = 51.91 =
short term support
[11:17 am] Kris : what is your question
eyes?
[11:19 am] eyes-inthenow : if it looks like
a bull short
[11:19 am] eyes-inthenow : KRIS any thoughts
on RBN look at Daily
[11:20 am] rusty : gotta have volume to be
bullshort[11:20 am] rusty : imo[11:20 am]
rusty : RBN not quite a bullshort…just
overbought and bearish engulfer[11:26 am]
rusty : or volume spike
[11:26 am] rusty : RBN high alert
[11:26 am] rusty : watching for panic
[11:27 am] baz6308 : RBN getting spanked
[11:27 am] candelas : that is for
tradestation, it always goes to a person
[11:27 am] candelas : this is the trade desk
# 800 871 3563 keep it near computer just in
case
[11:32 am] rusty : but still no panic
[11:32 am] rusty : RBN some volume coming
in
[11:33 am] derns : Rusty..what is the news
on RBM?
[11:33 am] rusty : just overbought no news I
know of
[11:33 am] rusty : stop at lod[11:33 am]
rusty : trying small long here
[11:34 am] candelas : thx for rbn rusty
[11:35 am] jjammerp : blinked on rbn,
looking at soda, need an eye in middle of my
head like kris, lol[11:35 am] mikewd2 -:
didn’t read RBN correct, in 52.60 stopped
52.25
[11:36 am] rusty : RBN reaching top of
technical bounce here
[11:37 am] candelas : rbn in 52.10 out
52.65
[11:37 am] rusty : when a stock is having
its first down day after big run….it often
help to wait a little longer before bounce
[11:38 am] rusty : because it will likely be
lower sometime tomorrow
[11:40 am] rusty : sold RDN
[11:41 am] rusty :
http://atom.smasher.org/chinese/?n=SUM+DUM+GO
Y&l1=THANK+YOU&l2=FOR+SHOPPIN
G&l3=AT+&l4=TSA
[11:43 am] candelas : lod Soda
[11:43 am] derns : Rusty…thx…I didn’t
get a full fill, but got enough for a
sandwich..more important, I appreciate the
lesson.
[11:43 am] mike : In RBN in52.15 out
52.95
[11:44 am] mikewd2 -: I’ve got to get
esignal, etrade is a bit behind on the
charts
[11:53 am] forgetmenot : kris ..would it be
wise to look for long on SODA
[11:55 am] sakii : Chris – What was your tip
off on FST and LL premarket this morning?
[11:59 am] qwert : we see it kris[11:59 am]
rusty : HII radar… spectating only…kinda
thin… should bounce low 34’s tho[11:59 am]
sakii : yes
[12:00 pm] sakii : oh, ok…I see what you
mean
[12:02 pm] rockstar : U R doing great
Kris
[12:02 pm] sakii : no prob[12:03 pm] rusty
: Paulson’s Main Fund Lost 11% on
Sino-Forest
[12:04 pm] 3be : yes
[12:04 pm] babak -: yes
[12:04 pm] eyes-inthenow : yes
[12:04 pm] hguru : yes I can
[12:04 pm] joeytsa -: hearin you
[12:04 pm] joeytsa -: this new trading room
with the charts,voice is great !!!
[12:04 pm] mbear : yes Kris
[12:04 pm] mikewd2 -: yes
[12:04 pm] qwert : we hear you
[12:04 pm] sfarrill : sweet
[12:05 pm] aleem : like this new features
[12:05 pm] Brent : Kert, you sound like
Fabio
[12:06 pm] lisas : This is really
helpful!
[12:07 pm] derns : Great lesson Kris!
[12:07 pm] jjammerp : nice
[12:07 pm] lightning : Bravo, Kris. It
would be great to do one or two of these
every day. Very helpful.
[12:07 pm] mikewd2 -: very helpful thanks
Kris
[12:07 pm] rd : Ditto what lightning just
said
[12:07 pm] scalpman : Wow is this
great….
[12:08 pm] babak -: Thanks Kris, very
helpful
[12:08 pm] forgetmenot : nice to have voice
fur those of us who’s not so multifaceted
[12:08 pm] ghaziar : DPS looks
interesting
[12:08 pm] mbear : New chat room format
ROCKS!!!
[12:08 pm] mhaus : Thanks. Very
helpfull[12:08 pm] sakii : Thanks for taking
the time to show us this…I have a lot of
work to do…lol[12:08 pm] sonorant : Yes,
this is really helpful
[12:09 pm] jjammerp : Kris, did you glean
all that from this am?
[12:09 pm] rusty : DPS 10dma = 41.41
[12:09 pm] rusty : should find support above
that
[12:11 pm] apple : this is just too cool –
thx so much
[12:13 pm] aleem : its like finding a piece
of the puzzle thats been missing
[12:13 pm] derns : The audio makes it so
easy to follow…thx. Brent…you’re up
next!
[12:13 pm] joeytsa -: great lesson, great
job with the new traderoom features
[12:13 pm] rusty : thx kris[12:14 pm] Brent
: I don’t speak spanish either
[12:14 pm] Brent : lol[12:14 pm] Brent : no
habla ingles, still trying to learn it
[12:14 pm] derns : esta bien…hablamos
espaniol!
[12:14 pm] hguru : great job Chris easy to
understand and comes in loaud and clear
[12:14 pm] lisas : Thanks, super new
platform, great lesson.
[12:14 pm] mbear : Excellent lesson Kris –
much appreciated
[12:14 pm] mikewd2 -: Kris, any chance you
could bring up RBN and explain why the bounce
before the bottom wasn’t a bullish sign
[12:14 pm] qwert : this room just gets
better all the time!
[12:14 pm] rd : great to see how you set
these up
[12:14 pm] sonorant : Many thanks
[12:15 pm] babak -: Kris, what do you think
of holding V over night?
[12:15 pm] jjammerp : maybe a bounce in GdI,
low volume
[12:16 pm] hguru : MHK worth watching
Tomorrow
[12:16 pm] mikewd2 -: on the day chart i
jumped in at 52.60 thinking it was turning
[12:16 pm] mikewd2 -: right there, on that
fake bounce
[12:17 pm] mikewd2 -: long
[12:17 pm] mikewd2 -: well thought it was the
low at 52.50
[12:17 pm] mikewd2 -: welll i got stopped out
at 52
[12:21 pm] mikewd2 -: ok, makes sense thanks
– very helpful
[12:21 pm] mikewd2 -: yes, very much
[12:22 pm] rd : do you have a rule of thumb
on setting your stop below low?
[12:24 pm] Kris : I think I remember a soda
machine that came out in the 80’s that was
like that. It was a fad that went away.
[12:24 pm] mikewd2 -: some analyst trashed
SODA today on CNBC
[12:24 pm] mikewd2 -: stock was trading at
77.41 when he said that
[12:25 pm] mikewd2 -: but stock was at a
start of upswing with increased volume
[12:25 pm] mikewd2 -: i thought for a second
to short
[12:27 pm] derns : Kris..what resource did
you look at to see LL and FST had gapped down
pre-market?
[12:27 pm] mikeal : soda might take out the
gap
[12:27 pm] vans : Soda at main support. Any
bets on high open or stupid gamble?
[12:28 pm] mikewd2 -: stupid gambles is what
I normally do Vans and lose each time
[12:28 pm] vans : Point taken, thanks
[12:29 pm] akram : which service is giving a
premarket scanner
[12:29 pm] derns : ok…nice..thx for
sharing with us.
[12:30 pm] mikewd2 -: etrade doesn’t provide
any premarket scanner that i can find
[12:30 pm] mikewd2 -: really?
[12:31 pm] mikewd2 -: thanks, i use the
strategy scanner during the day
[12:31 pm] rusty : SODA = bearish engulfer
currently
[12:32 pm] Kris : there is a premarket
strategy scanner that should be pre-defined
for you
[12:32 pm] Kris : you’ll just want to play a
little with your filters on it.
[12:32 pm] rusty : http://www.finviz.com
good free scan for those in need
[12:34 pm] rusty : beverage and soda stocks
cooperating JVA SODA DPS
[12:40 pm] rusty : Bev basket for anyone
interested CBOU GMCR HANS JAMN JCOF JMBA JVA
PEET SBUX
[12:41 pm] fmattos : Guys, can you see
me?
[12:41 pm] Kris : yes fernando[12:41 pm]
mikewd2 -: yes Fmattos[12:42 pm] apple :
jva[12:42 pm] hguru : CREE
[12:43 pm] hguru : sorry it was not showing
up on the screen thought I lost connection
[12:46 pm] arkadiy : Kris, do you think apac
would a good bull short?
[12:46 pm] fmattos : Thanks for all your
answers guys but for some reason from time to
time I lose connectivty!
[12:47 pm] Kris : APAC looks like a buyout
around 8.40
[12:47 pm] Kris : let me check the news
[12:50 pm] arkadiy : I’m new to this. Is
this news means no good for short?
[12:51 pm] ron : Kris, find us an APAC one
day in advance..hehe[12:52 pm] rusty : VIT
radar not playing just looking this time of
day
[12:53 pm] arkadiy : the problems is after 3
days you can’t find shares to short 🙂
[12:53 pm] candelas : little more risk as to
why I did not post but goog for study XEC
[12:53 pm] delhi : Kris, SODA for ShOrT
swing?
[12:53 pm] ron : Kris, this ACHN must be a
flame-out coming up rite?
[12:53 pm] vans : does anybody play 5 min
charts or is suicide, not responsive
enough.
[12:54 pm] Kris : ACHN looks like it could be
a widowmaker[12:54 pm] Kris : not here dehli,
wait for a bounce and start small could come
into 64.00 range but it would help if the
market turns over.
[12:54 pm] rusty : VIT getting extended to
downside…radar only
[12:55 pm] Kris : today was breakout day,
could have another day or two upside into
9.00 area. Watch it around 9.00
[12:55 pm] mikewd2 -: should have held my
short on ACHN, got tired of messing with
it
[12:56 pm] ron : well, that 9 something is
a multi-year high I think
[12:57 pm] arkadiy : Kris, what is the
reason so many people are playing this stock?
33 M Value
[12:57 pm] rusty : if you are selling when
they are buying, you will be laughing when
they are crying
[12:59 pm] lightning : Thanks TSA and
everyone. Great lessons on the charts today.
See you tomorrow
[12:59 pm] qwert : kris- are you saying to
watch jrcc for short below 20
[01:00 pm] aleem : thanks for sharing the
knowledge kris[01:00 pm] mikewd2 -: thanks
TSA, great day
[01:00 pm] rd : thanks and the lesson was
great!
[01:01 pm] alusi : have a good night
everyone and thanks TSA
[01:01 pm] leo : Thanks Mitch, Kris, Brent
and all traders. Good Night.
[01:01 pm] qwert : good night everyone
awesome day love the new platform
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