[06:21 am] Ed : good morning
traders
[06:31 am] Mitch K: DV should give
multiple trades today
[06:32 am] Mitch K:
watching WBMD for bottom to buy
[06:32 am]
Mitch K: watching AME for bottom
[06:32
am] Mitch K: watching GNTX for bottom
soon
[06:33 am] Mitch K: monitoring AVY
for top to short
[06:33 am] Mitch K:
monitoring GWR for top
[06:33 am] Mitch K:
watching BEAV for bottom to buy
[06:34 am]
Mitch K: watching VMW for top to short,
gapped down
[06:35 am] Mitch K: watching
ITW for bottom to buy
[06:36 am] Mitch K:
watching UPS for quick short
[06:36 am]
Mitch K: watching EMC for top to
short
[06:36 am] Mitch K: watching CNC for
top to short, take time
[06:36 am] Mitch
K: soon
[06:36 am] Mitch K: watching CLGX
for top to short
[06:37 am] Mitch K:
watching TSO for bottom to buy
[06:38 am]
Mitch K: watching ITW for bottom to
buy
[06:39 am] Mitch K: watching NFLX for
bottom to buy
[06:39 am] Mitch K:
monitoring CE for bottom to buy
[06:39 am]
Mitch K: watching CSL for bottom to
buy
[06:40 am] Mitch K: watching AME
closer
[06:40 am] Mitch K: watching TRIP
for bottom to buy
[06:40 am] Mitch K: NXPI
tends to exaggerate moves
[06:40 am] Mitch
K: watching NXPI for bottom to buy
[06:40
am] Mitch K: monitoring BTU for bottom to
buy
[06:41 am] Ed : watch LULU for break
of 59.51 with vol for long
[06:41 am]
Mitch K: monitoring ZION for bottom
[06:42
am] Mitch K: watching CSL closer
[06:42
am] Mitch K: watching VVUS for bottom to
buy
[06:42 am] Mitch K: any short with UA
is smaller pullback followed by bigger
bounces; monitoring for short
though
[06:44 am] Ed : monitoring AAPL for
bottom to buy long
[06:44 am] Mitch K:
monitoring COL for bottom, take
time
[06:45 am] Mitch K: looking for 58.40
on GWR, be flexible
[06:47 am] Mitch K:
watching BTU for bottom closer
[06:47 am]
Mitch K: watching BEAV closer
[06:48 am]
Mitch K: COL trying to bounce too
[06:48
am] Mitch K: CE trying to bounce
[06:49
am] Mitch K: consider reducing NXPI if
long
[06:50 am] Mitch K: consider selling
VVUS
[06:51 am] Mitch K: UA
toppy
[06:51 am] Mitch K: watching TRIP
closer
[06:51 am] Mitch K: monitoring WAT
for top
[06:51 am] Mitch K: consider
selling ZION if long
[06:52 am] Mitch K:
watch CLGX for 2nd helping short
later
[06:52 am] Mitch K: consider
covering CLGS if short
[06:52 am] Mitch K:
more downside on GWR
[06:52 am] Mitch K:
consider covering most or all of VMW here
soon
[06:53 am] Mitch K: watching ITW and
BEAV closer for bottom, not related
stocks
[06:53 am] Mitch K: looking for
36.50 area on CNC to cover short
[06:53
am] Mitch K: watching UPS to cover short
soon, giving it a little more time
[06:54
am] Ed : reducing some here on AAPL
long
[06:54 am] Mitch K: consider covering
most of EMC short
[06:56 am] Mitch K:
should be out of last bounce of
NXPI
[06:56 am] Mitch K: missed JAH short
but monitoring for bottom to buy, take
time
[06:57 am] Mitch K: watching GNTX
closer but no sign of a bottom yet
[06:57
am] Mitch K: consider reducing CSL
long
[06:57 am] Mitch K: consider reducing
TRIP long soon
[06:57 am] Mitch K:
watching BTU closer for bottom
[06:57 am]
Mitch K: consider selling NFLX
[06:58 am]
Mitch K: consider reducing ITW
[06:58 am]
Mitch K: consider selling VVUS long
[06:58
am] Mitch K: consider selling TRIP
[06:58
am] Mitch K: not expecting new high on
NFLX
[07:00 am] Mitch K: watching DKS for
top to short,
[07:00 am] Mitch K: be
flexible
[07:00 am] Mitch K: looking for
76.55 on WAT short
[07:01 am] Mitch K:
monitoring DNDN for top, take time,
[07:01
am] Mitch K: yeah, just made new
low
[07:01 am] Mitch K: SPY approaching
new lows for the day
[07:01 am] Mitch K:
watching WHR for top to short
[07:02 am]
Mitch K: should be out of CSL, taking off my
screen, need space
[07:03 am] Mitch K:
watching VMW for 2nd helping short
[07:03
am] Mitch K: more upside on COL, maybe to
47.70, be flexible
[07:05 am] Mitch K:
DNDN toppy
[07:05 am] Mitch K: WHR
topy
[07:05 am] Mitch K: BEAV long looking
good
[07:05 am] Mitch K: consider selling
ITW
[07:05 am] Ed : too late now if u did
not get BTU short
[07:05 am] Mitch K:
losing interest in WBMD and AME, not
related
[07:05 am] Ed : Advanced trade
watch BTU for break of lod for short with
vol
[07:06 am] Mitch K: SPY represents
S&P 500 index in the form of ETF
(exchange traded fund)
[07:06 am] Mitch K:
new lows on SPY
[07:09 am] Mitch K:
consider reducing BEAV long
[07:10 am]
Mitch K: PII should be a good one
[07:10
am] Mitch K: this should boost your longs
with better prices
[07:10 am] Mitch K: SPY
trying to bounce here
[07:10 am] Mitch K:
watching PII for bottom
[07:11 am] Mitch
K: watching LXK for bottom to buy, take
time
[07:11 am] Mitch K: taking GWR off
screen, you should be out of short
[07:12
am] Mitch K: watching VMW closer to cover 2nd
helping short
[07:12 am] Mitch K: 2nd
helping CLGX short developing, looking for
22.55 area, be flexible, as a snake
[07:13
am] Mitch K: GNTX bouncing
[07:13 am]
Mitch K: taking DNDN off screen, need
space
[07:13 am] Mitch K: DNDN too strong
to hold short open
[07:14 am] Mitch K:
cover most of UPS short, could make new lows
for today but watch real close now for your
cover point
[07:14 am] Mitch K: no hurry
on CNC #2
[07:14 am] Mitch K: watching CNC
for 2nd helping short
[07:14 am] Mitch K:
consider covering EMC soon
[07:15 am]
Mitch K: will help shorts
[07:15 am] Mitch
K: new SPY lows
[07:15 am] Ed : SPY new
lod
[07:16 am] Mitch K: AME looks dead to
me
[07:16 am] Mitch K: BEAV holding up
well on this drop, consider holding
long
[07:16 am] Mitch K: consider covering
EMC
[07:16 am] Mitch K: watching WAT short
to cover
[07:17 am] Mitch K: consider
selling COL long
[07:17 am] Mitch K:
consider reducing NFLX long
[07:17 am]
Mitch K: BTU bottoming
[07:17 am] Mitch K:
no hurry on NXPI
[07:17 am] Mitch K: start
watching NXPI again for bottom, 3rd helping
long
[07:18 am] Mitch K: new lows on
SPY
[07:19 am] Mitch K: watch WHR closely
to cover your short
[07:19 am] Mitch K:
COL still strong in down market, suggests to
hold long or some
[07:20 am] Mitch K: when
i say that i take off a symbol from screen it
means it is usually over or not moving or im
not as interested in it anymore
[07:21 am]
Mitch K: that sounds like what Hollywood
actors say about their spouse or
girlfriend
[07:22 am] Ed : BIDU new
hod
[07:24 am] Mitch K: watching NXPI
closer for bottom, the lower the better, note
we are near low of day on indexes
[07:26
am] Mitch K: the best strategy or mindset to
trading is to have fewer trades and higher
quality of trades. Better to be sniper
than shooting machine guns
[07:27 am]
Mitch K: consider covering WHR
short
[07:29 am] Mitch K: SPY trying to
bounce here, this bounce should bring up that
PII long
[07:30 am] Mitch K: more than
most
[07:30 am] Mitch K: im reluctant to
post a qualitative statement like i did but i
liked it
[07:30 am] Mitch K: you guys get
PII long earlier
[07:31 am] Mitch K: the
main reason why i dont like saying that is
because many traders just pile into a
position much bigger than they
should
[07:32 am] Mitch K: sell signal on
PII
[07:33 am] Mitch K: see that pattern
on DV this morning, tells me to look
for long again and higher high that may go
above 21
[07:33 am] Mitch K: what
something like PII usually does is pullback
part way to maybe 71.25 and attempt another
rebound up
[07:46 am] Ed : out all BTU
short
[07:47 am] Ed : SPY nearing
lod
[07:49 am] Mitch K: new low, 3rd down
day in a row, could have another tomorrow
too, depends on Europe news, as
usual
[07:50 am] Mitch K: wish we could
have everyday like this morning, most trades
went our way
[07:51 am] Mitch K: now try
to be a little more careful now, more
selective. trades give only microtrades
from here on out. except for a few hot
movers
[07:52 am] Mitch K: not a machine
gun shooter
[07:52 am] Mitch K: really
important for you to be more of a sniper
now
[08:03 am] Mitch K: watching VVUS for
top to short
[08:04 am] Mitch K: its still
a microtrade
[08:15 am] Ed : SPY trading
at lows
[08:19 am] Mitch K: monitoring LMT
for bottom
[08:38 am] Ed : for short would
use small share size
[08:38 am] Ed :
monitoring CMG
[08:39 am] Ed : looking for
loss of 298.97 with vol
[08:41 am] Ed :
seems like more bad news out Greece
[08:55
am] Mitch K: watching NXPI for
short
[08:56 am] Mitch K: monitoring CLGX
for 2nd short, slow motion, everything is in
slow motion now
[08:57 am] Mitch K:
watching SAVE but slow slow slow
[09:00
am] Ed : SPY new lod
[09:21 am] Mitch K:
new lows
[09:21 am] Ed : more selling in
markets
[09:28 am] Mitch K: did you guys
just hear the guy talking about NFLX about 5
min ago?
[09:29 am] Mitch K: that sounded
I’d say but not when 20 mil viewers are
watching
[09:29 am] Mitch K: then STeve
from Fast Money says, “Yeah I agree, i think
its over for NFLX”
[09:29 am] Mitch K: he
says something like “If such and such
happens, I’d short the hell out of the
stock”
[09:30 am] Mitch K: the balance
changes really fast
[09:30 am] Mitch K:
NFLX is kind of like on a teeter totter where
the subscriber base is going down and the
costs for content is going up
[09:31 am]
Mitch K: shark, look at a 2 year daily chart
on NFLX, thats ugly
[09:32 am] Mitch
K: what was the board of directors
doing? being passive as usual
[09:32
am] Mitch K: joey, thats because the CEO got
cocky and changed the plan and change the
pricing.
[09:34 am] Mitch K: then the
CEO’s next two public communication was even
worse. one was a pathetic apology, not
really a good one, he should have
just said, hey guys, we made a mistake and
will return to our old pricing plan and he
would have kept about 3 mil users from
defecting
[10:27 am] Ed : NFLX
lod
[10:29 am] Ed : getting selling in
market
[10:34 am] Mitch K: every day there
are few stocks like this that just keep
moving
[10:34 am] Mitch K: BEAV pumping
out the trades today
[10:40 am] Ed : my
CMG short was triggered
[10:41 am] Ed :
298.97
[10:52 am] Ed : getting bounce in
SPY
[11:26 am] Ed : SPY new lod
[11:27
am] Mitch K: any new news recently
[11:42
am] Ed : getting bounce in SPY
[11:51 am]
Ed : getting some selling
[12:10 pm] Ed :
AAPL lod
[12:10 pm] Ed : SPY nearing
lod
[12:25 pm] Ed : gettin bounce in
SPY
[12:39 pm] Ed : smalller position
size
[12:39 pm] Ed : watching NFLX for
potential short]
[12:45 pm] Mitch K: not
enough time to short NFLX but is tempting for
quick short
[12:54 pm] Ed : reason for
rally “fed could make key decision next week
or in september”
[01:00 pm] Ed : good
night traders
[01:02 pm] Mitch K: Buffalo
WIngs dumping, BWLD
[01:02 pm] Mitch K:
later girls
| [06:16 am] eyes : Ed is there a trend
line with alerts on TS
[06:17 am]
gregs : i was on the right side, just
got whipsawed out with a smaller
move
[06:17 am] Ed : not sure
eyes
[06:18 am] eyes : I figured it
out double click on trend line and there is a
box to set alert
[06:19 am] Ed : cool u
just learned something too
[06:19 am]
eyes : antone get CL
[06:19 am]
eyes : 🙂
[06:21 am] eyes :
Anything on the radar
[06:21 am]
joeytsa : Good morning Mitch, Ed,
everyone
[06:21 am] cdougan : GM
everyone
[06:23 am] joeytsa : gap
ups: BIIB,SRPT,UA,PCAR
[06:23 am]
joeytsa : gap down:
WHR,UPS,BTU<VLTR,APOL,ASML,VMW,ELN
[06:23 am] apple : good morning to all
happy traders
[06:23 am] apple : gm
joey, thx
[06:23 am] apple : gm
cd
[06:23 am] apple : gm
eyes
[06:24 am] apple : g,
E
[06:24 am] apple : gm
greg
[06:24 am] khall : watching
BIDU as well – up 6.44% premarket
[06:24
am] apple : gm khall
[06:24 am]
gregs : gm apple 🙂
[06:24 am]
apple : gm shark
[06:24 am]
khall : gm apple
[06:24 am]
qwert : DV down over 29%
[06:24 am]
gregs : vmw interesting premarket
heh
[06:25 am] joeytsa : DV,GNTX gap
downs also
[06:26 am] qwert : thx
joey
[06:26 am] joeytsa : too many
places to look, i know i missed a
few
[06:27 am] gum : Ed: as for SPY
Fuggedaboudit!, give us some new
ideas.
[06:28 am] joeytsa : ES
overnight support at 1338 area
[06:28 am]
scalpman : gm all
[06:29 am]
skydiver : thanks joey for info – and
good morning all
[06:29 am] mikewd2 -:
went long TNA premarket – feeling pretty good
with it
[06:29 am] apple : gm
sky
[06:29 am] skydiver : gm
apple
[06:29 am] apple : gm
scalp
[06:29 am] qwert : gm
apple
[06:29 am] apple : gm mike,
good job
[06:29 am] apple : gm
qwert
[06:32 am] shark : LULU higher
-poss on heals of UA
[06:34 am]
skydiver : come on down SRPT
🙂 S 7.39
[06:34 am]
joeytsa : just trail VMW up
[06:34
am] joeytsa : has a wide
spread
[06:35 am] skydiver : out of
SRPT 7.15
[06:37 am] joeytsa :
nice spike on FDX
[06:37 am] joeytsa
: out VMW
[06:37 am] skydiver : nice
one joey on VMW
[06:38 am] joeytsa :
thx, 2.5pts approx
[06:38 am]
joeytsa : APOL moving too 🙂
[06:39
am] skydiver : watching GNTX for
bottom
[06:39 am] joeytsa : APOL to
test $30
[06:40 am] joeytsa : sorry
$28
[06:40 am] eyes : Watch
LULU
[06:41 am] mikewd2 -: TNA L
[06:42
am] joeytsa : hpi m/m and richmond
manufacturing index in 15 minutes
[06:42
am] shark : watching BIDU for poss
top
[06:43 am] joeytsa : tighten
APOL if long
[06:43 am] shark : nice
bounce NFLX at b/e
[06:44 am]
joeytsa : yeah shark, missed
that
[06:44 am] shark : me
too
[06:46 am] shark : watching FB
for poss top
[06:46 am] skydiver :
watching UA
[06:47 am] eyes : LULU
was looking nice for a minute there
[06:47
am] shark : UA looking ready for a
break soon
[06:48 am] joeytsa : had
them up, missed it
[06:48 am]
joeytsa : missed easy $1.50 run
wow
[06:51 am] skydiver : I went
short on UA – 54.35
[06:52 am]
skydiver : out 3/4 S UA
53.81
[06:52 am] skydiver : moved
stop down on UA S to be
[06:53 am]
joeytsa : ES pullback to 1340
area
[06:53 am] joeytsa : BEAV just
a dog today
[06:54 am] skydiver :
wow on BEAV —
[06:55 am] shark :
watching BIDU
[06:57 am] Ed : biig miss on
BEAV short
[06:57 am] eyes :
yup
[06:57 am] skydiver : L BEAV –
small position 37.95
[06:57 am]
joeytsa : yeah, loss of $41 was
nice
[06:57 am] shark :
ouch
[06:58 am] joeytsa : PCAR
testing support
[06:58 am] joeytsa :
mid-level reports coming out
[06:59 am]
joeytsa : nice 30 minutes
[06:59 am]
skydiver : moving stop up on BEAV
L
[06:59 am] eyes : Watch
GDI
[07:00 am] joeytsa : nice
sky
[07:00 am] skydiver : House
price index up for month of May
[07:00 am]
joeytsa : be careful with GDI
[07:00
am] joeytsa : only 50k shares
traded
[07:00 am] skydiver : thnx
joey – moving stop up on BEAV again
[07:01
am] joeytsa : Richmond manufacturing
index came in horrible haha
[07:01 am]
joeytsa : -17 with 0
forecast
[07:02 am] joeytsa : -3
last
[07:02 am] shark : DIA SPY
right bottom of the day area
[07:03 am]
joeytsa : WHR nice $3 bounce
[07:03
am] joeytsa : VMW still making monster
moves
[07:04 am] skydiver : out 3/4
BEAV L 39.12
[07:04 am] shark : nice
sky!
[07:05 am] joeytsa : there ya
go sky !!!!
[07:05 am] shark :
profits flying…
[07:05 am]
skydiver : thnx 🙂
[07:05 am]
joeytsa : great day today
[07:05 am]
skydiver : nice to be home with
more screens 🙂
[07:06 am] joeytsa :
🙂
[07:06 am] shark : CMG hanging
out in 300 zone
[07:06 am] skydiver
: thnx joey for putting my eyes on BEAV
🙂
[07:07 am] joeytsa : wasnt long
ago CMG was in the 400 zone
[07:07 am]
joeytsa : my pleasure sky 🙂
[07:07
am] skydiver : my last 1/4 L on BEAV –
nice – moving stop up again
[07:07 am]
shark : yeah, joey. some slow down
there,
[07:08 am] joeytsa : no
kidding
[07:08 am] shark :
haha
[07:08 am] shark : watching FB
at R1
[07:09 am] skydiver : all out
of BEAV L 39.97
[07:10 am] joeytsa :
get that $2 🙂
[07:10 am] skydiver :
🙂
[07:10 am] shark : Wow, sky!
🙂
[07:10 am] gregs : nice
sky
[07:10 am] skydiver : thnx guys
🙂
[07:11 am] mh : AME
broke
[07:13 am] shark : LXK beats
by .01 -issues downside Q3 EPS
guidance
[07:14 am] shark : NFLX
retesting hod
[07:14 am] shark :
(double top)
[07:15 am] eyes : Ed
any thoughts on GDI
[07:16 am]
joeytsa : lost the 1338 overnight
support
[07:16 am] shark : SPY big
drop
[07:16 am] Ed : GDI too
thin
[07:16 am] eyes : Ok
off
[07:17 am] shark : AAPL new
lod
[07:17 am] joeytsa : wrote that
15 minutes ago eyes, since then only
12k shares traded
[07:18 am] eyes :
thanks joey
[07:21 am] joeytsa :
hah
[07:21 am] skydiver : funny one
Mitch 🙂
[07:21 am] eyes : NKPI for
S ED
[07:22 am] eyes :
NXPI
[07:22 am] Ed : too late
[07:24
am] Ed : nice price would have been losing
.81
[07:24 am] eyes : I had already
S nxpi 20.49
[07:24 am] eyes : out
.41 thou
[07:25 am] skydiver :
monitoring CRM for bottom
[07:25 am]
joeytsa : see if $128 holds
[07:25
am] eyes : YA i saw it too
late
[07:26 am] skydiver : thnx
joey
[07:27 am] jsn13 : watch ITW
for bottom
[07:27 am] skydiver :
thnx Mitch — good teaching 🙂
[07:28 am]
joeytsa : right Mitch
[07:29 am]
skydiver : CVH – attributed due to
David Einhorn to stakes in it
[07:29 am]
apple : so true MK
[07:29 am]
skydiver : also CI
[07:30 am]
joeytsa : ES now has that 1338 as
res
[07:30 am] khall : yes
🙂
[07:30 am] gregs : nice khall,
missed it
[07:30 am] qwert : yep on
pii 🙂
[07:31 am] khall : it’s a
beauty
[07:31 am] eyes :
nope
[07:31 am] joeytsa : you even
wrote that PII should bed a good
one
[07:31 am] qwert : nxpi a beauty
also
[07:31 am] ben4givn : pii L @
70.31
[07:31 am] mh : sina
[07:32
am] skydiver : nice khall and ben4givn
on PII L 🙂
[07:32 am] eyes : NXPI
still looks Weak
[07:32 am] joeytsa
: most will do that anyways..let us know when
you have a bullseye
[07:32 am] qwert
: yeah we like to be inside your
head
[07:33 am] Ed : had about 4% bounce
off bottom
[07:33 am] joeytsa : plus
whether you like it a little or love it..Ed
will only have 1 share 🙂
[07:33 am]
qwert : hahaha
[07:33 am] Ed :
lol
[07:34 am] joeytsa : ES testing
1338 res
[07:34 am] gregs : buyer at
20 on DV mitch?
[07:38 am] mh :
seems like market bounce is weak so
far
[07:39 am] joeytsa : great
morning, see you all later..keep the good
trades coming 🙂
[07:39 am] skydiver
: take care joey
[07:39 am] Ed : c ya
joey
[07:41 am] shark : bye
joey
[07:43 am] cdougan : DANG
moving from BIDU?
[07:43 am] cdougan
: lower priced though
[07:44 am]
khall : possibly, SINA also up
today
[07:45 am] gregs : hey sky,
just curious where was your entry on
BEAV? i got in at the bottom but
stopped out
[07:47 am] skydiver :
sorry gregs – was gone a bit — I entered
BEAV 9.56 eastern time
[07:47 am]
eyes : What was your entry Ed
[07:48
am] skydiver : had my stop at 37.26 on
BEAV at that time gregs
[07:48 am] Ed :
21.70
[07:49 am] skydiver : I only
went in the trade with 400 shares
gregs
[07:50 am] skydiver : yes
Mitch — very nice day 🙂 –
[07:50 am]
gregs : gotcha… i entered at the
break got filled at 38.19 then stopped at
around 0.5%
[07:50 am] eyes : thanks
it looked like it had srong suppot
.60
[07:51 am] gregs : i’m so
nervous about actually letting it run into
the red until 37.25
[07:51 am] Ed : I
waited enterd 10:04
[07:51 am] Ed : stock
proved it was weak
[07:52 am] qwert
: nice trade Ed
[07:52 am] Ed : thx
qwert
[07:52 am] skydiver :
understand gregs – have to control the
emotions — 🙂
[07:52 am] skydiver :
thnx Mitch on lesson
[07:52 am] Ed : I had
to enter soon as I mentioned so not sure
anyone was able to get it
also
[07:52 am] eyes : my entry was
10.05 stoped 10.06
[07:53 am] eyes :
way to tight of stop
[07:53 am] Ed : what
was ur price
[07:53 am] shark : all
out FB s – .41 profit
[07:53 am]
skydiver : nice shark – 🙂
[07:53
am] gregs : yes sky, will have to work
on not letting it shake me out like
that
[07:53 am] qwert : nice
shark
[07:53 am] skydiver : well
gregs — I’m still working on that as well
🙂
[07:54 am] gregs : haha yeah
🙂
[07:54 am] eyes : 21.57
[07:54
am] qwert : we are all working on that
Greg
[07:54 am] shark : 🙂
[07:55
am] gregs : so sky with a stop like
that, you expected it to go up huge
right?
[07:55 am] gregs : if you
risk 1%, expect to gain at least
2%?
[07:56 am] skydiver : right
gregs 🙂
[07:56 am] gregs : kk, yeah
maybe that’s the prob, i was only trying to
grab 1% or so haha
[07:56 am] eyes :
I move my stops way to quick number one
problem or not quick enough
[07:57 am]
skydiver : what platform are you using
eyes?
[07:57 am] eyes : the ones
that are working to fast the ones that are
not not fast enough
[07:58 am]
skydiver : well – my time is up for the
day — been a fun day – good to be back home
🙂 makes logts $$$ all – see you
tojmorrow morning
[07:58 am] eyes :
GDI is Breaking down like a trikle al though
i passed
[07:58 am] gregs : not sure
what the rest thinks eyes, but i use stop
limit orders for automatic entry on the quick
ones
[07:58 am] qwert : cya
sky
[07:58 am] Ed : c ya sky
[07:58 am]
apple : bye sky have a fun
day
[07:58 am] gregs : take care sky
🙂
[07:58 am] shark : bye sky!
🙂
[07:58 am] skydiver :
🙂
[08:00 am] gregs : and alerts to
say when it gets close
[08:01 am]
gregs : watching LXK
[08:02 am]
cdougan : VVUS
[08:02 am]
cdougan : going straight up
[08:09
am] gregs : in VVUS short from
23.67
[08:10 am] gregs : thx
cdougan
[08:13 am] cdougan :
yw
[08:14 am] cdougan : wish it went
higher first
[08:15 am] gregs : out
VVUS, maybe too soon
[08:15 am]
shark : VVUS holding R1
[08:16 am]
eyes : BTU Long any thoughts
[08:16
am] Ed : monitor the trend line
[08:16 am]
Ed : on VVUS
[08:17 am] gregs :
that’s a better idea ed, thanks
[08:17 am]
Ed : i took BTU off my screen eyes
[08:18
am] eyes : ok
[08:19 am] qwert
: Wow gettin choppy
[08:19 am] qwert
: on vvus
[08:19 am] apple : nice
chart on LMT
[08:20 am] shark :
watching NSM for bottom to buy
[08:23 am]
shark : SPY catching nice
bounce
[08:24 am] sakii : DB
moving
[08:25 am] eyes : Long 20.18
DV stop set to 20.39
[08:25 am] eyes
: now .52
[08:26 am] eyes :
.60
[08:26 am] qwert : way to go
eyes
[08:28 am] eyes : .65
[08:29
am] eyes : .75
[08:30 am]
gregs : wow, nice eyes
[08:31 am]
cdougan : good job eyes
[08:31 am]
eyes : out 3.02%
[08:32 am] Ed :
nice trading eyes
[08:32 am] eyes :
ty only 100 shares
[08:32 am] mikewd2 -:
great job aaron
[08:33 am] eyes : at
least i am green again
[08:33 am] Ed : hey
gregs whenever ur in a short ie VVUS u
look at larger pic when starts to go against
u, does it take out new high, is it putting
lower highs, etc
[08:34 am] Ed : not that
ur looking for an excuse to stay/get out, ur
analyzing quickly technical aspects
[08:35
am] eyes : DV still really
strong
[08:36 am] gregs : yeah i
think my exit skills need alot of work,
wondering why i exited. must have been
emotions, take the money and run! bad
for my trading
[08:36 am] Ed : take off
screen now eyes
[08:36 am] gregs :
thanks for pointing it out
[08:36 am]
eyes : i am done with it
[08:36 am]
Ed : right emotions will do that, but recall
emotions is not a trading strategy
[08:37
am] eyes : Hey i got 3% i was happy
with that
[08:37 am] gregs :
exactly… need to stick to the
plan
[08:38 am] akram : dv in 20 out
21
[08:38 am] gregs : SPY
dropped
[08:38 am] akram : thanks
mitch grat call
[08:39 am] eyes :
.30 range Ed
[08:39 am] eyes : got
it
[08:40 am] Mitch K: nice
akram
[08:40 am] scalpman : ED What
is happening when stochs put down but candles
are going up…very odd?
[08:40 am]
cdougan : Gotta run. thanks for the
great calls. lots of great ones today. Have a
good one everyone
[08:40 am]
scalpman : point
[08:41 am] Mitch K:
later dougan
[08:41 am] scalpman :
AS in DV
[08:41 am] scalpman : …as
in DV
[08:41 am] Ed : c ya
cdougan
[08:41 am] apple : bye cd
have fun
[08:41 am] Ed : give me ex.
scalp
[08:42 am] qwert : bye
cdoug
[08:43 am] Ed : want to make sure
what ur asking
[08:43 am] scalpman :
Ed look at DV
[08:43 am] Ed : what
time
[08:44 am] scalpman : DV 11;30
est
[08:44 am] eyes : Be back in a
while
[08:45 am] scalpman : also
LMT at 11:35 est
[08:47 am]
apple : bye eyes
[08:47 am] mikewd2
-: CSTR hod
[09:05 am] scalpman :
Time to go…great trading day all
green.
[09:05 am] scalpman : See you
tomorrow.
[09:05 am] scalpman :
Scalpman has left the building!
[09:07 am]
sakii : watching BTU
[09:20 am]
joeytsa : PCAR falling
[09:21 am]
rusty : NFLX bear CNBC
[09:21 am]
shark : CMG vol pick up –
[09:23 am]
joeytsa : one ugly market
[09:24 am]
joeytsa : NFLX quick drop
[09:25 am]
rusty : F sudden spike down
[09:25
am] eyes : ED you still watching
CMG
[09:28 am] eyes : no
[09:28
am] khall : yes
[09:28 am]
qwert : yep
[09:29 am] shark :
I did, Mitch
[09:29 am] khall :
“short the hell out of it”
[09:29 am]
shark : I have a $50 NFLX target, next
12 months
[09:29 am] joeytsa :
shark: that was your target 8 months ago
haha
[09:29 am] shark : 18 month
price target, joey
[09:30 am] eyes :
ED you see GDI
[09:30 am] shark :
NFLX was $60.70 last month,
[09:31 am]
joeytsa : yeah it is Mitch
[09:31
am] shark : NFLX testing up near
100/200day ma’s
[09:31 am] shark :
res
[09:31 am] joeytsa : touched 300
and all downhill
[09:31 am] shark :
here comes CMG
[09:32 am] joeytsa :
yep
[09:32 am] joeytsa : he changed
the plan, but many investors didnt change
their plan
[09:32 am] shark : I had
77 option contracts avg’d down off July 2011
high – NFLX
[09:33 am] joeytsa :
nice
[09:33 am] shark : 🙂
[09:33
am] apple : good for you
shark
[09:33 am] joeytsa : CMG
losing $300
[09:34 am] shark : I
agree, Mitch
[09:35 am] shark : Now
Reed Hastings (NFLX) comes up with new
#
[09:35 am] shark : #’
[09:35
am] joeytsa : agreed
[09:35 am]
shark : #’s and tries to put a positive
spin on it
[09:35 am] shark : Will
no longer release subscriber SPECIFIC
data
[09:35 am] khall : like putting
lipstick on a pig
[09:38 am] Ed : nice
bounce inSPY
[09:38 am] eyes : CRM
any thoughts
[09:40 am] joeytsa : i
will monitor CRM, but the short was when it
lost $130 and retested/failed
[09:40 am]
joeytsa : shark: are you back in CA
?
[09:40 am] shark : …and let’s
see if CMG holds any retest of 300
area
[09:41 am] shark : CMG has
weeklys as well
[09:48 am] shark :
fb
[09:54 am] joeytsa : KORS
spike
[09:55 am] shark : nice one,
joey
[09:55 am] joeytsa : got my
face out of the racing form long enough to
see it 🙂
[09:57 am] qwert : thx
joey
[09:59 am] eyes : Res .60
KORs
[10:00 am] eyes : .82
[10:01
am] mh %: nice Joey keep one eye on the
form
[10:02 am] joeytsa : you know
it mh…im crushing saratoga so far
[10:02
am] eyes : CRM breaking Cons
[10:02
am] mh %: wish I was with ya
[10:03 am]
joeytsa : play from home, im up about
$3k so far, meet just started
friday
[10:04 am] eyes :
nice
[10:05 am] mh %: I love live racing
nothing like it
[10:05 am] joeytsa :
BEAV sliding a bit
[10:05 am]
joeytsa : agreed mh
[10:06 am]
eyes : Ed you have time for a
question
[10:07 am] Ed : sure
[10:07
am] eyes : Was my support levels
correct on kors
[10:07 am] joeytsa :
eye on MLNX, see if it breaks hod
[10:08
am] Ed : yes actually has quite few areas
from here on up
[10:08 am] eyes :
Thanks I think i am getting it
[10:24 am]
joeytsa : 10yr at record low
[10:24
am] joeytsa : 1.394%
[10:26 am]
qwert : Ed did you trade the kors
short
[10:27 am] Ed : yes great call by
joey
[10:27 am] qwert : where did
you enter
[10:28 am] Ed : small
40.23
[10:28 am] Ed : 1est
[10:29 am]
qwert : nice i tried at 12:55est
40.10 stopped 2 mins later and now just
watched
[10:30 am] qwert : that 1est
candle a doozy
[10:30 am] Ed :
yep
[10:31 am] eyes : you going to
take s new low
[10:31 am] eyes :
78.30
[10:32 am] Ed : missed it breaking
79.94 area
[10:32 am] eyes : me
too
[10:32 am] victor51 : Ed, need
to reaffirm when you say with big volume. At
1:28pm BEAV had huge red volume. That means
we have strong short signal right or after
that big red volume
[10:34 am] qwert
: NFLX down over 2 points since the negative
remarks on cnbc
[10:34 am] Ed : I look for
that kind of vol when it breakn lod, or prev
close or 15day
[10:36 am] victor51 :
That’s great. Thanks Ed
[10:36 am]
eyes : Whats your thoughts on Nflx
below support 78.30 area
[10:37 am] Ed :
nflx was good example breakin down
[10:40
am] eyes : what price
[10:41 am]
eyes : i missed it
[10:41 am]
eyes : o well i wont chase
[10:41
am] Ed : glad was at computer
[10:42 am]
qwert : Ed does your stop go in
automatically as well for that
[10:42 am]
Ed : yes
[10:42 am] qwert :
nice
[10:42 am] Ed : but on CMG spread so
crazy like to be on top of it
[10:42 am]
eyes : what was your stop
[10:42 am]
qwert : yeah i bet
[10:49 am]
eyes : getting Closer any thoughts
NFLK
[10:50 am] Ed : would lke a breather
here like bounce or consolidation
[10:51
am] eyes : ok makes sence
[10:51 am]
eyes : EDU in no mans land all
day
[10:52 am] Ed : its consolidating on
daily
[10:52 am] Ed : sorry 15min, tight
range on daily
[11:04 am] victor51 :
Ed, Do you think CMG is consolidating at the
bottom end or just will trend in small
range?
[11:05 am] Ed : right now still in
downtrend
[11:09 am] victor51 : Ed,
is it better to use 5 min versus 2 min. for
stock like CMG? Your thoughts
please
[11:11 am] Ed : I just put up 5min
so u could see overall trend, but as far as
timeframes matter of preference. But 2min
would better to trade off of verses
5
[11:12 am] Ed : in my opinion
[11:13
am] victor51 : Thanks. We always value
your opinion
[11:13 am] Ed : appreciate
tha
[11:14 am] eyes : you still in
CMG ed
[11:14 am] Ed : no Im out
[11:16
am] eyes : GDI down 1 point from were
my entry was to be to bad it did not have
volume
[11:18 am] rusty : NASDAQ
volume 1.02B shares- 3% below its
three-month average; decliners lead advancers
by 2.4:1.
[11:22 am] gregs :
VHC
[11:23 am] Ed : rcii
[11:23 am] Ed
: wrong screen
[11:24 am] ben4givn :
looking for bottom on wprt
[11:31 am]
eyes : nflx
[11:34 am] eyes :
At .31 any thoughts
[11:35 am] Ed : I like
.54
[11:35 am] eyes : 77.54 or
78.54
[11:35 am] Ed : 78.54
[11:36 am]
eyes : Ok i will ask you a question
latter
[11:38 am] Ed : best to keep an eye
on these u had test of low 1:49 est
2:08 est then 2:31 and it failed so u
wanted to be on the short then
[11:38 am]
Ed : speakn of NFLX
[11:39 am] Ed : these
are also advanced, u have to hit them just
right as they can be quick
[11:39 am]
eyes : Ya i had .30 target i realized
what i did wrong
[11:40 am] eyes : I
jumped the gun and S.53 Stoped out
.40
[11:40 am] Ed : at what time
[11:40
am] eyes : 2.31.58 out 232.34
[11:41
am] Ed : oh got it u entered .53
[11:41
am] eyes : 1 cent below you i just
adjusted stop to soon
[11:42 am]
eyes : I had been waiting for that move
for a long time
[11:43 am] eyes :
🙁
[11:44 am] shark : CMG at
S2
[11:44 am] Mitch K: eyes, you still
over trade, over active, too
nervous.
[11:45 am] eyes : I agree
Mitch I adjust my stops way to soon
[11:46
am] Mitch K: the best traders make make fewer
trades with specific strategy and they give
it a chance to work
[11:47 am] eyes
: In my mind I think ok you are at below
bereak even adjust stop and it
backfires
[11:48 am] shark : CMG
broke S2 on vol, nice
[11:48 am] Ed : was
nice setup, got stopped though
[11:49 am]
shark : ugh
[11:50 am] Ed : barely
squeezed 2points wont complaing
[11:50 am]
shark : 🙂
[11:50 am] Ed : wont
complain
[11:51 am] gub : aussie –
you there?
[11:51 am] gub : my
senior parner in stocks.
[11:51 am]
gub : partner
[11:51 am] shark
: haha!
[11:52 am] aussie123 : I am
here..old buddy
[11:52 am] gub :
what have I missed – anything significant –
like an Easytradeplatform.
[11:52 am]
gub : by Mitch.
[11:53 am] gub
: any early surprise release maybe?
[11:53
am] aussie123 : all we have to do is
follow these kids..Gub
[11:53 am]
gub : The Harvard traders?
[11:54
am] joeytsa : good trade Ed, give
me 2pts on every one 🙂
[11:54 am]
gub : I’m backwoods man.
[11:54 am]
Ed : yea joey u pullout 10 baggers
[11:54
am] eyes : done for the Day see you all
tomorrow
[11:54 am] Ed : c ya
eyes
[11:54 am] joeytsa : been
awhile for those…closest was that trifecta
i gave out yesterday 🙂
[11:55 am]
eddy : same for me bye all
[11:55
am] gub : you making $
aussie?
[11:55 am] Ed : c ya
eddy
[11:55 am] joeytsa : bye eyes,
eddy
[11:55 am] joeytsa : Ed: i
expect a few 10 baggers in the next week or
2
[11:56 am] aussie123 : Joey..
thats like hitting the moon with a DD gun
…nice going
[11:56 am] eyes : Over
traded 9 trades eneded day + 35
[11:56 am]
joeytsa : 🙂
[11:56 am]
joeytsa : hows the poker
aussie
[11:57 am] gub : aussie- you
play poker?
[11:57 am] aussie123 :
BB gub ,,sorry
[11:57 am] shark :
out 1/2 CMG short
[11:57 am] eyes :
6 were to tight of stops
[11:57 am]
gub : later!
[11:57 am] shark
: out all UA short +1.90
[11:57 am]
joeytsa : nice one shark
[11:58 am]
Ed : nice shark 2x
[11:58 am] shark
: out last 1/2 CMG short +7 appx
[11:58
am] shark : thx, Ed
[11:58 am]
joeytsa : there ya go $ $
[12:00 pm]
murano : TSU
[12:08 pm] shark
: quick FB drop
[12:08 pm] shark :
on volume
[12:08 pm] Ed : panl
[12:08
pm] Ed : sorry wrong screen
[12:13 pm]
joeytsa : BIDU sitting on
support
[12:19 pm] Ed : nice one
murano
[12:20 pm] qwert : thx murano
for tsu 🙂
[12:20 pm] murano :
I covered @21.04
[12:21 pm] jsn13 :
Ed, may i know where is ur entry on
TSU?
[12:22 pm] Ed : did not get chance to
play it after posted in up on chart
[12:22
pm] jsn13 : ok but where would the
entry be if u take it?
[12:23 pm] Ed :
21.17 or better
[12:24 pm] jsn13 :
which baR/
[12:24 pm] jsn13 : which
bar?
[12:24 pm] Ed : 205 or even
208
[12:27 pm] jsn13 : ok
thanks….what was the signal? drop off in
volume+ 2.04 lower high small bar+ bearish
harami?
[12:28 pm] Ed : i just see a chart
i have seen many times and enter trade if I
see it,
[12:29 pm] Ed : it was not until I
studied candles that I knew how to interpret
what I was trading, if that makes
sense
[12:29 pm] jsn13 : ok juz
checking if i got the signal, not jump the
gun….
[12:30 pm] Ed : like clock work
get buying 3:27
[12:31 pm] Ed : just want
to make sure not being too technical but
simple
[12:31 pm] jsn13 : ok i juz
wanna make sure i dont simply pull the
triggers…haha…
[12:35 pm] shark
: I’ve missed NFLX moves all day, nice bounce
last 30 minutes
[12:35 pm] joeytsa :
eventually you will get to that point jsn
🙂
[12:36 pm] Ed : now u tell us
shark
[12:37 pm] shark :
lol
[12:37 pm] jsn13 : i have
faith…now working on it….collected 400+
screenshots, and i put them into different
categories…i study them and write
instructions to myself how to trade each
pattern…making things alot
easier….
[12:37 pm] Ed : that is where
it starts
[12:37 pm] joeytsa : thats
dedication
[12:37 pm] shark : yeah,
but can we expect better tips?
[12:38 pm]
joeytsa : haha
[12:38 pm]
rusty : NFLX radar
[12:39 pm]
jsn13 : haha….
[12:42 pm] mh %:
thanks rusty
[12:58 pm] joeytsa :
thanks Mitch, Ed, everyone…see you tomorrow
morning
[12:58 pm] qwert : Thanks
mitch, ed and everybody lots of great calls
today see ya all in the am
[12:58 pm] Ed :
c ya joey
[12:58 pm] shark : bye
joey, thx for guidance
[12:58 pm] Ed : c
ya qwert
[12:58 pm] shark : c ya
qwert
[12:58 pm] joeytsa : shark:
unlike most stocks..i wont lower mine
haha
[12:59 pm] gregs : thank you
mitch and ed for another day of great
calls
[12:59 pm] rusty : VHC
moving
[01:00 pm] rusty :
gn
[01:00 pm] Ed : right at the
close
[01:00 pm] rusty : pencils
down
[01:00 pm] shark : watching
AAPL, PNRA, NFLX for earnings moves
[01:01
pm] shark : thx for keeping charts up,
Mitch/Ed
[01:03 pm] shark : BWLD .62
vs .68
[01:03 pm] shark : downside
guidance -BWLD
[01:04 pm] mh %:
wow
[01:06 pm] shark : was going to
play the 70 Aug put on NFLX
[01:06 pm]
shark : just a mental/paper trade
here
[01:08 pm] mh %: what is your guess
on apple miss or beat
[01:09 pm]
shark : in-line ok, guide
conservative
[01:09 pm] shark :
AAPL
[01:09 pm] mh %: ya
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