[07:24 am] Mitch K: watching WAG for
bottom
[07:26 am] Mitch K: watching ACTG
again for bottom, no hurry
[07:27 am]
Mitch K: watching PXP for short here
again
[07:27 am] Mitch K: there is
something else going on besides Knight
capitals software bug, i first though
rebalancing, still could be but not
sure
[07:27 am] Mitch K: the tops of the
bounces are giving good shorts, like
yesterday and day before
[07:28 am] Mitch
K: consider selling WTW if long
[07:29 am]
Mitch K: more downside on CTXS
[07:30 am]
Mitch K: watching ELLI again for
short
[07:30 am] Mitch K: getting early
sell signal on GILD
[07:34 am] Mitch K:
watching SM for short here
[07:48 am]
Mitch K: or long
[07:48 am] Mitch K: this
is KCG, you can see the buy after that drop,
it failed withonly a 5-7 cent move, then gave
a sell signal soon, which can be used for a
stop loss, then dropped to 3.15 and gave a
buy to cover
[07:48 am] Mitch K: i have
needed to use all the charts i can find
today, needed more space than
normal
[07:52 am] Mitch K: or sell high
buy lower
[07:52 am] Mitch K: buy low,
sell high
[07:52 am] Mitch K: nothing too
mysterious about forex using this, its same
as other stuff, buy, sell
[07:52 am] Mitch
K: Lightning kicking butt on Euro vs US
DOllar again. been happening for at
least a week like this
[07:53 am] Mitch K:
and you can see it is slower trading, easier
to trade, not hyper speed or
anything
[07:54 am] Mitch K: i need my
charts back guys, i need the real
estate
[07:55 am] Mitch K: you can see
last two alerts were sells on EUro and
ES
[07:57 am] Mitch K: buy signal Eur,
that covers a short or long entry
[07:58
am] Mitch K: MT is that steel
company
[07:59 am] Mitch K: cant see the
red arrow well but it is buried under candle,
we are trying to fix that
[08:00 am] Mitch
K: but you go by audio anyhow, look visually
later
[08:00 am] Mitch K: you only get a
signal if you have a chart open for that
symbol.
[08:02 am] Mitch K: did the ECB
Draghi say something, Euro dumping
[08:05
am] Mitch K: got a buy signal on MT
[08:07
am] Mitch K: so far MT has weak bounce, thats
been the pattern with MT though for
months
[08:07 am] Mitch K: missed LPSN
bottom but monitoring for top; take time, no
hurry
[08:07 am] Mitch K: watching
HOTT
[08:10 am] Mitch K: watching PH for
bottom
[08:10 am] Mitch K: i need my
charts back guys, sorry
[08:11 am] Mitch
K: take time
[08:46 am] Mitch K: watching
TRMB for bottom
[08:46 am] Mitch K:
watching BBBY for bottom to buy,
[08:47
am] Mitch K: missed SMBL top, watched most of
morning
[08:51 am] Mitch K: watching VRX
for bottom to cover short
[08:55 am] Mitch
K: the next VRX bottom should have a tradable
bounce long
[09:52 am] Mitch K: how did
you guys do with the BBG trade, the long and
hopefully the short
[09:56 am] Mitch K:
volume really dried up last 45 min
[10:30
am] Ed : monitoring SEE
[10:32 am] Ed :
still weak so far
[10:43 am] Ed : reducing
some SEE long
[10:54 am] Ed : SPY trading
in tight range
[10:58 am] Ed : watching
NAV for potential bounce
[10:59 am] Ed :
thats on NAV
[10:59 am] Ed : @ or
near 20.23 see how reacts
[10:59 am] Ed :
would like a move to low 20 area
[11:04
am] Ed : stocks also affected NAV, CMI,
PCAR
[11:06 am] Ed : if u took NAV lon
would reduce some here
[11:08 am] Ed : but
as always be flexible
[11:08 am] Ed : on
NAV long
[11:08 am] Ed : lookinf for 21.17
next area on NAV
[11:10 am] Ed : out all
NAV long 21.17
[11:14 am] Ed :
test
[11:34 am] Ed : getting some buying
in markets
[11:52 am] Ed : BAS
alert
[11:55 am] Ed : if u shorted BAS
would cover
[12:53 pm] Ed : getting sublt
bounce in SPY
[12:58 pm] Ed : have a great
evening traders
[12:59 pm] Mitch K: review
your charts tonight, we should have similar
action tomorrow
[12:59 pm] Mitch K: later
guys
[01:00 pm] Mitch K: got to be ready
in first few minutes of opening for about 1
hour, best ideas in first hour
| [07:30 am] skydiver : thnx joey –
you’re right
[07:31 am] joeytsa :
doji: as far as thoughts, none really, just
see what it does from here
[07:32 am]
mikewd2 -: stopped WTW +1.80
[07:32 am]
joeytsa : nice mike, its been $$ all
morning
[07:32 am] skydiver : nice
mike
[07:32 am] apple : nicce mike,
how was your vacation? missed
you
[07:32 am] gregs : nice
mike
[07:32 am] rusty : WFM
radar
[07:32 am] mikewd2 -: first
trade
[07:33 am] mikewd2 -: great apple,
jamaica is always awesome
[07:33 am]
doji : Thanks Joey
[07:33 am]
apple : haven’t lost your
touch
[07:33 am] rusty : MITCH
Please put KCG back up on LIGHTNING
[07:33
am] doji : Trading from Jamaica
Mike?
[07:33 am] mikewd2 -: haha – was
alot more patient this morning so
far
[07:33 am] apple : never been
there. need to go
[07:33 am] joeytsa
: smart plan
[07:33 am] mikewd2 -: our 5th
time
[07:33 am] apple : patience is
a great virtue in trading (and
life)
[07:33 am] mikewd2 -: adding to SNE
long
[07:33 am] rusty : MITCH Please
put KCG back up on LIGHTNING
[07:34 am]
mikewd2 -: 11.02
[07:34 am] doji : I
think the strike was too damaging on
Lightning Rusty
[07:34 am] rusty :
lol
[07:34 am] doji : On SNE L
Mike?
[07:34 am] mikewd2 -: yes
[07:35
am] doji : Thanks!
[07:35 am]
apple : haha, funny doji
[07:35 am]
doji : Where is Ed “Monster Calls”
today?
[07:36 am] doji : on vacation
too?
[07:36 am] apple : MK said he
would be in later today
[07:37 am]
skydiver : IPO – ILOQ – opens at
10:40am Eastern
[07:37 am] skydiver
: ELOQ – sorry
[07:37 am] apple :
thx sky
[07:39 am] rusty :
$$$$$$$$$$$$$$$$$MITCH PLEASE TURN ON KCG
LIGHTNING $$$$$$$$$$$$$$
[07:39 am]
apple : hope he hears you screaming
rusty, lol
[07:39 am] gregs : need
rain dance before lightning
[07:40 am]
doji : KCG at lod
[07:40 am]
apple : haha greg
[07:40 am]
doji : $$$$$$$$$$$$$$$$$MITCH PLEASE
TURN ON KCG LIGHTNING
$$$$$$$$$$$$$$
[07:40 am] scalpman :
GMCR S @ 22.85 target 22.25
[07:42
am] apple : maybe the doji echo will
help
[07:42 am] rusty : covered WFM
scalp
[07:42 am] gregs : watching
GILD
[07:42 am] scalpman : goodj job
rusty
[07:43 am] rusty : was Mitch
hit by LIGHTNING?
[07:44 am] apple :
maybe
[07:46 am] joeytsa : break
time, very nice morning 🙂
[07:46 am]
skydiver : have a good break joey – yes
– nice morning 🙂
[07:47 am] apple :
finally
[07:47 am] doji : Lightning
is alive!
[07:48 am] apple : time
delay
[07:48 am] rusty : TAKE KCG
DOWN – PUT SOMETHNIG ELSE UP
[07:48 am]
apple : haha
[07:48 am] mikewd2 -: i
went long 3.20 without lightning
[07:48
am] rusty : amen mike
[07:48 am]
rusty : phuk lightning
[07:48 am]
rusty : oooops
[07:49 am]
apple : good for you mike, we will
follow you…
[07:50 am] doji :
Thanks Mike Lightning
[07:50 am]
doji : Just send arrows Mike
[07:50
am] doji : or smoke signals
[07:50
am] skydiver : ELOQ – IPO – now
open
[07:51 am] apple : thx
sky
[07:52 am] apple : very nice,
MK, now we need to trade forex
[07:52 am]
khall : GILD toppy
[07:53 am]
apple : thx khall
[07:53 am]
apple : sky r u going to trade
ELOQ
[07:54 am] skydiver : passing
on it apple – not much money that I can see
in it
[07:54 am] mikewd2 -: out half KCG
3.55 +10%
[07:54 am] apple : right,
it’s always fun to watch what they do
tho
[07:54 am] skydiver :
yes
[07:55 am] apple : excellent
mike, you are on your game today
[07:55
am] doji : SPY droping
[07:55 am]
mikewd2 -: not a ton of money on KCG only 2k
shares
[07:55 am] skydiver : thnx
doji on SPY
[07:55 am] apple : and
sky i always remember what MK said about the
IPOs – wait for that drop…
[07:56 am]
skydiver : yes apple – good wisdom from
Mitch
[07:56 am] ben4givn :
MT
[07:56 am] apple : thx
MK
[07:56 am] apple : thx
ben
[07:57 am] mikewd2 -: has jason been
around? or is he on vacation also?
[07:57
am] mikewd2 -: has jason been around? or is
he on vacation also?
[07:57 am]
khall : Bristol Myers exec arrested for
insider trading – bad boy
[07:58 am]
apple : he has been here mike
[07:58
am] skydiver : another great morning —
have to go – will try to jump on last 90
today — make lots $$$
[07:58 am]
apple : thx sky have fun
[07:59 am]
scalpman : bye sky
[07:59 am]
khall : see ya later sky
[07:59 am]
skydiver : 🙂
[07:59 am] apple
: if look look really hard you can see it…
like those pictures where you have to find
stufff!
[08:00 am] rusty :
Ramnarine, the executive director of pensions
and savings investments, made $311,361 in
illicit profit, the FBI said.
[08:00 am]
apple : as long as you get the
alert…
[08:00 am] rusty : wonder
if he shorted BMY yesterday too
[08:00 am]
rusty :
http://www.businessweek.com/news/2012-08-02/b
ristol-myers-executive-ramnarine-charged-with
-insider-trading
[08:00 am] apple :
probably, thx rusty
[08:01 am] khall
: I doubt a jail sentence will be worth the
300k
[08:02 am] apple : well as long
as we can hear and see, we will be
fine….
[08:02 am] scalpman : S PXP
@ 40.49 target 39.91
[08:05 am]
apple : thx MK
[08:05 am]
rusty : added to TLT short
[08:09
am] rusty : DJ Knight Sale Seen
Difficult; Price Seen Depressed -Fox
Business’s Gasparino
[08:09 am]
ben4givn : stopped out MT twice
already!
[08:09 am] mikewd2 -: stopped on
MT, not liking lightning so far
[08:10 am]
eddy : stopped on mt in 14.75 stopped
14.57
[08:10 am] eddy : nt
gd
[08:10 am] rusty : Please take
Lightning down
[08:10 am] rusty :
?
[08:12 am] gregs : bad idea to
short FSLR at 18.33? seemed like a nice
triangle consolidation
[08:12 am]
gregs : i’m in, just wondering when to
hop out
[08:14 am] scalpman : GMCR
attempting new hod
[08:14 am] mikewd2 -:
SNE lod
[08:14 am] apple : FSLR made
a nice L at the open, greg and a good short
at about 10:30 looking at a 5 min
chart
[08:15 am] scalpman : stopped
on PXP b.e.
[08:16 am] gregs :
apple, those were probably the best times,
maybe overtrading now
[08:16 am]
apple : looking at AFL
[08:16 am]
apple : sit on hands!
[08:17 am]
gregs : sitting on hands 🙂
[08:17
am] gregs : not giving away
profits
[08:17 am] apple : good,
smart guy!
[08:18 am] gregs : was
anyone able to get the FSLR long?
[08:18
am] apple : i bet doji did!
[08:18
am] gregs : this person would blow my
mind
[08:19 am] gregs : first step
to learning haha
[08:19 am] rusty :
shorting KCG pops continues to work
[08:20
am] rusty : TLT hod
[08:22 am]
scalpman : L PH @ 76.47
[08:22 am]
scalpman : target 77.04
[08:23 am]
scalpman : Sell 1/3 PH L
[08:23 am]
scalpman : moving up stopp to
B.e.
[08:24 am] scalpman : PH next
target 77.60
[08:25 am] scalpman :
positive thinking
[08:26 am]
scalpman : that’s PHositive
[08:26
am] apple : haha
[08:26 am]
rusty : First Solar’s (FSLR +24.5%)
skyrockets after a strong Q2 report that
featured improving margins and receivables.
Four firms are upgrading – among them is
Cantor, which is now more confident about
FSLR’s ability to transition to a
construction-focused business model. However,
Deutsche and Needham express worries about
the profitability of construction deals, and
ongoing weakness in sales for 3rd-party
installations. 55.8% of FSLR’s float was
shorted as of July 13.
[08:27 am]
gregs : wow
[08:28 am] apple :
thx rusty
[08:29 am] victor51 : PH
long 76.62
[08:29 am] gregs : CLF
near lod… still sitting on hands tho
🙂
[08:30 am] gregs : 40 looks like
major level to me
[08:31 am]
scalpman : sell another 1/3 PH
L
[08:33 am] joeytsa : ES down 3pts
past few minutes
[08:33 am] scalpman
: trailing up last stop PH L
[08:34 am]
joeytsa : did anyone get that RIG
short?
[08:37 am] scalpman : selling
all out on PH L
[08:37 am] scalpman
: good one…thanks Mitch
[08:38 am]
scalpman : I forget I was GMCR S @
23.33
[08:38 am] apple : ES nearing
lod
[08:38 am] scalpman : selling
1/2 GMCR S
[08:38 am] apple : you
are still ok scalp
[08:39 am]
scalpman : 2%
[08:39 am]
scalpman : I’m a dunce…
[08:39 am]
joeytsa : haha
[08:39 am]
khall : Here I thought I was the only
one that did that….
[08:39 am]
scalpman : ha ….
[08:39 am]
apple : no, you are letting the trades
work…
[08:39 am] doji : Back from
my daily work. Is Lightening alive?
[08:39
am] scalpman : Yeah, that’s the
ticket!
[08:40 am] qwert :
hahaha
[08:40 am] scalpman : GMCR
may break more…
[08:40 am] khall :
no GMCR short at IB
[08:40 am] khall
: CLF broke $40
[08:40 am] scalpman
: support at 22.45ish
[08:41 am]
doji : SPY at lod…
[08:42 am]
joeytsa : doji: looks like that earlier
50% ES retracement was big
resistance
[08:42 am] joeytsa : made
a dbl top there..around 1370
[08:43 am]
apple : how low can you go?
[08:44
am] joeytsa : 1330 would be the big
number
[08:44 am] joeytsa : not
saying it will
[08:44 am] scalpman :
Covering another 1/4 GMCR S
[08:45 am]
rusty : adding some more to TLT short
swing
[08:45 am] rusty : 1/3
position again
[08:46 am] apple :
thx rusty
[08:47 am] doji : RUsty,
are you betting on a pull back on the
market?
[08:48 am] rusty :
short TLT is a more bullish than
bearish
[08:48 am] rusty : although
I am short a number of retailers and other
stocks
[08:50 am] doji : I should
have said a reboud on the market as TLT moves
on the opposite of market’s
direction
[08:55 am] joeytsa :
khall: did you get CLF, made a nice move on
that loss of $40
[08:57 am] doji :
FB approaching 20
[08:57 am] doji :
would it lose it?
[08:57 am] khall :
nope -sure didn’t
[08:57 am] doji :
tatatannnnnn
[08:58 am] joeytsa : me
iether, just saw it
[08:58 am] gregs
: VRX making nice run down
[09:00 am]
doji : VRX L 47.12
[09:01 am]
doji : stop at b/e
[09:09 am]
victor51 : scalp, still holding
PH??
[09:09 am] apple : maybe
we
[09:09 am] apple : are seeing a
noon reversal?
[09:11 am] doji :
Falling asleep
[09:12 am] doji :
FB
[09:12 am] scalpman : no got
stopped at b.e on the last piece
[09:13
am] doji : Seeing huge orders at
FB=20
[09:14 am] scalpman : time to
go..one of my best days ever….very
happy.
[09:15 am] scalpman : very
green.
[09:15 am] scalpman : I’m off
tomorrow…see you monday.
[09:15 am]
gregs : happy for you scalpman,
congrats
[09:15 am] victor51 : Nice
scalp. Was it KCG trade?
[09:15 am]
doji : Trailing VRX L
[09:15 am]
joeytsa : nice scalp
[09:15 am]
scalpman : thanks gregs…Thanks mitch
for KCG and Joey for GMCR
[09:15 am]
khall : great going scalp
[09:15 am]
apple : congrats scalp – take the day
off tomorrow!
[09:16 am] scalpman :
thanks apple kahll
[09:16 am]
scalpman : Scalpman has left the
building!
[09:16 am] doji : How much
is Very Green Scalpy? Like
1,000,000
[09:16 am] scalpman :
$$$$
[09:16 am] apple : doji, you
always make me laugh
[09:16 am]
apple : great for you scalp!
[09:16
am] scalpman : Thanks…bye
all
[09:16 am] scalpman : Scalpman
has left the building!
[09:16 am]
doji : Ok 9,999
[09:17 am]
scalpman : I wish….
[09:17 am]
doji : or 1,000?
[09:17 am]
scalpman : ok 2$$$
[09:17 am]
doji : VRX waking up
[09:17 am]
doji : ok 2,000
[09:17 am]
apple : doji, how about you?
[09:18
am] doji : Like $.$$$$$$$$
[09:18
am] apple : haha
[09:18 am]
apple : we’ll get there soon
enough!
[09:18 am] apple : oh,
didn’t see the decimal, sorry!
[09:18 am]
doji : Just only 563 today
[09:18
am] mikewd2 -: doji, what is your target on
VRX?
[09:18 am] rusty : JPM negative
on FSLR
[09:18 am] apple : not
bad
[09:19 am] doji : 47.6
Mike
[09:19 am] mikewd2 -: ok, i had
47.55
[09:19 am] rusty : FSLR –
outperformance is overdone and we think this
is a good place to short it. Expect it to be
used as a source of funds by vanillas and
stock should sell off
JPM
[09:20 am] doji : Thanks apple,
not bad for a couple of trades… the 3rd one
is VRX
[09:21 am] doji : What about
you Apple?
[09:23 am] doji : Apple,
stop counting your cash….
[09:24 am]
apple : i wish doji, 2600
[09:25 am]
mikewd2 -: nice apple
[09:25 am]
doji : Very nice Apple, I am glad for
you
[09:25 am] joeytsa : there ya go
!!!!
[09:25 am] mikewd2 -: jason been
around?
[09:25 am] apple : now, i do
have to go… i have a class. thx MK
and everyone. all have a fun evening.
see you all tomorrow.
[09:26 am]
apple : yes mike, he just might not be
here today
[09:26 am] joeytsa : bye
apple
[09:26 am] eddy : bye
apple
[09:26 am] doji : In 23 years
when I retire and dedicate my full time to
trading I hope making not less that
5K/day…. hahaha
[09:26 am] doji :
Apple, still attending Kinder?
[09:26 am]
doji : GMCR
[09:29 am] mikewd2 -:
doji, tired of VRX dumped for small
profit
[09:29 am] doji : Still
holding VRX, no hurry
[09:29 am]
doji : KCG
[09:30 am] khall :
how low will it go?
[09:30 am] doji
: Watching SLB
[09:31 am] mikewd2 -: there
talking on CNBC fastmoney about KCG
[09:31
am] doji : Watching KCG
[09:31 am]
mikewd2 -: KCG L 2.98 – will try again on
it
[09:31 am] doji : SPY
dropping
[09:32 am] doji : Mike, I
am amazed how you get filled at 1c/2c at the
high/low
[09:32 am] doji : Need to
trade along with you for sure
[09:33 am]
mikewd2 -: i had the price in mind and
entered it
[09:33 am] rusty :
http://www.thedailyshow.com/watch/wed-septemb
er-30-2009/cash-cow—high-frequency-trading<
br>[09:34 am] mikewd2 -: Ed must be here
now
[09:35 am] Ed : hey
guys//gals
[09:35 am] khall : HI
ED
[09:35 am] eddy : hey
ed
[09:35 am] rusty : hi
Ed
[09:35 am] Ed : looks like a fun market
today
[09:36 am] rusty : we missed
you. mitch was hit by
lightning
[09:36 am] qwert :
monitoring ACTG
[09:36 am] Ed : 2
funny
[09:36 am] doji : Hi
ED!!!!!
[09:36 am] qwert :
HiEd
[09:36 am] Ed : welcome back
doji
[09:37 am] doji : Thanks “My
Man”… hahaha
[09:37 am] Ed :
🙂
[09:38 am] qwert : AMZN at double
bottom
[09:38 am] eddy : mike still
in KCG?
[09:38 am] mikewd2 -: yeah, tried
for 3.22 8% profit but didn’t hit
it
[09:39 am] doji : Draghi
“draghing” the market?
[09:39 am] mikewd2
-: there we go out half
[09:40 am]
doji : Nice on KCG Mike
[09:40 am]
mikewd2 -: i wasn’t going to trade these low
priced stocks anymore but …
[09:40 am]
mikewd2 -: only doing 2k shares
though
[09:41 am] Ed : man that stock
really got sliced
[09:41 am] doji :
Be back in 15min
[09:43 am] rusty :
pls bring us back some french fries
[09:45
am] mikewd2 -: adding to my long position in
CJES 18.23
[09:45 am] mikewd2 -: earnings
Aug 8th
[09:52 am] rusty : WSH
radar
[09:52 am] rusty : analyst
downgrade
[09:53 am] gregs : totally
missed BBG mitch, nice swings
though
[09:54 am] gregs :
100t
[09:54 am] gregs :
oops
[09:57 am] qwert : GMCR triple
top at hod
[09:59 am] mikewd2 -: watching
KCG for another long entry
[10:00 am]
doji : aorund 2.6 would be
nice
[10:01 am] mikewd2 -: tried for 2.97
and didn’t get it
[10:02 am] doji :
FB moving… trying to keep 20
[10:02 am]
mikewd2 -: doji, you trading any of the
oils
[10:02 am] mikewd2 -: added to my
CJES longs at 18.23, earnings the
8th.
[10:03 am] doji : No Mike,
although SLB L and the S would have been
nice
[10:03 am] doji : Just day
trading with oils stocks, no swings
[10:03
am] mikewd2 -: i’m definitely not has loaded
with oils as i was
[10:12 am] rusty
: covered TLT scalp…have core short
position
[10:13 am] qwert : ACTG
back at 24
[10:14 am] rusty : ARNA
alert
[10:37 am] rusty : ELOQ
radar
[10:37 am] rusty : for you
daredevils
[10:38 am] doji : Mike,
missed the rebound in SLB… hahah
[10:42
am] jsn13 : Ed, did u trade
SEE?
[10:42 am] Ed : yes entry
1:33
[10:42 am] doji : I didn’t SEE
it
[10:43 am] rusty : MG
radar
[10:43 am] jsn13 : ok
thanks….signal is the indecision right at
11.50 potential support area? good
one….have u reduced some?
[10:44 am] Ed
: yes
[10:45 am] jsn13 : thanks even
though its weak, u have the edge there when u
saw rejection at that level….
[10:45 am]
jsn13 : sorry indecision i
mean….
[10:45 am] Ed : 11:50 appeared to
hold then indecision
[10:46 am] Ed :
although I was looking for lower price but
was flexible in what action was
saying
[10:46 am] jsn13 : agree..
nice and ur potential cost of doing business
is reasonable….
[10:47 am] Ed : yes nice
observation
[10:47 am] jsn13 : how
do u scale out?
[10:47 am] jsn13 : i
like those 1% risk trades….
[10:48 am]
Ed : Like always 1st aarea of potential
resistance/support
[10:49 am] jsn13
: or i should ask how much did u scale out
juz now? 3/4? then trail the last 1/4 with
20sma?
[10:49 am] rusty : ESI radar
based on daily chart
[10:50 am] Ed : out
100% on it
[10:50 am] jsn13 : ur
thought on that is?
[10:52 am] Ed :
none
[10:53 am] jsn13 : haha
ok….
[10:53 am] Ed : i go back and
forth, the 1 thing I never change is where i
take profit
[10:54 am] khall : okay,
they are talking about bogus refund payments
made by the IRS to identity theives, but how
stupid are they to send multiple refunds to
one address?
[10:55 am] jsn13 : but
why 100% and not 75% and trail last 25%? i’m
very clear with the area that u would
exit….but wanna see why u trail some and
out 100% on some….
[10:55 am] Ed : no
reason, i just do it
[10:56 am]
jsn13 : ok thanks….
[10:56 am]
khall : GMCR falling
[10:56 am]
doji : KCG dropping
[10:57 am] Ed :
yea really dont have a reason on that, maybe
depends on how I feel, will try to monitor
next time
[10:57 am] eddy :
KCG new low
[10:57 am] rusty :
ROSG new lows
[10:57 am] jsn13 : no
prob….it’s ur instinct….
[10:57 am]
rusty : covered rest of ROSG
short
[10:58 am] rusty : had small
amt left
[11:03 am] doji : KCG at
lod
[11:04 am] rusty : shorting KCG
pops working all day
[11:04 am]
rusty : and probablay
tomorrow
[11:04 am] rusty : unless
they get lifeline
[11:04 am] rusty :
PCAR radar
[11:11 am] Ed : I broke it up
that time jsn
[11:12 am] doji : Ed,
why 20.23 was important of NAV @
10:59am?
[11:13 am] doji : Ok that
was the low on 6/7, got it1
[11:13 am]
jsn13 : thanks ed….good guide…i
entered at 20.4 late entry…out 1/[email protected],
1/2 @ 20.94, last 1/4 @21.05…..thanks
ed….
[11:13 am] Ed : I looked back to
prev. low area on 6/7/12. So, was looking for
test of that area or a break. We got the
break by a little but sellers
decreased
[11:14 am] Ed : right
doji
[11:14 am] doji : For some
reason I am seeing a 1min delays on the
posts….
[11:14 am] Ed : not sure why
that is
[11:14 am] jsn13 : ed, why
is 21.17 ur target?
[11:15 am] doji
: will relaunch
[11:15 am] jsn13 :
no delay…
[11:15 am] doji :
Test
[11:15 am] Ed : it was my 2nd target
area
[11:15 am] doji :
Test
[11:16 am] jsn13 : as in where
u get that as ur target?
[11:16 am] Ed : I
had a 3rd but I bailed since stock was up 5%
laready from bottom
[11:16 am] eddy
: weird on mny sctreen NAV is at
21.44 now
[11:17 am] jsn13 : dont
look at the money ed….
[11:17 am]
jsn13 : haha….
[11:17 am]
doji : You are seeing the future
Eddy… nice
[11:17 am] jsn13 : but
i’m guilty of that….had my target at 21.57
and i also bailed….
[11:17 am] Ed : I
dont, but I also take what market gives
me
[11:17 am] doji : FSLR
[11:18
am] jsn13 : ok thanks ed for the
guide….
[11:18 am] qwert : ed what
was your entry price on nav
[11:18 am]
doji : FB on it slow death march to
13
[11:18 am] Ed : 20.21
[11:18 am]
qwert : thx
[11:18 am] eddy :
test
[11:18 am] Ed : i c ya eddy
[11:19
am] doji : I read on Market Watch that
private insvestors cannot sell FB until
YE
[11:19 am] doji : at this pace FB
will be less that 10 by YE
[11:21 am]
eddy : i think im laggiong big
time
[11:21 am] eddy : shud nt trade
under those conditions
[11:21 am] Ed :
were u able to trade NAV eddy?
[11:21 am]
Ed : did u trade it qwert?
[11:21 am]
qwert : yep
[11:21 am] Ed : what
price
[11:22 am] qwert : love that
chart entry 20.30
[11:22 am]
eddy : no Ed i have a big net
problem
[11:22 am] Ed : nice area
qwert
[11:22 am] eddy : all is
lagging
[11:22 am] Ed : yea eddy if ur
lagging best to sit on hands
[11:22 am]
qwert : thx Ed
[11:23 am] Ed : It is
great pattern, and can make one lot of
points
[11:24 am] Ed : missed CMI
though
[11:25 am] Ed : PCAR did not bounce
as much
[11:29 am] Ed : hey eddy others
study this NAV chart, u see how u had sellers
in control (note by red candles& vol,
then buyers start to come in, bottom is
formed and candles turn green
[11:29 am]
eddy : yup saw that
[11:30 am] Ed :
lign it up with ur indicators also, and will
help as guide
[11:30 am] Ed : THis what
Mitch talks about, its not rocket science,
but matter of controling emotions and just
waiting on a trade setup
[11:31 am]
joeytsa : bottom tail touched support
also,%r turned up
[11:31 am] Ed : and of
course studying patterns of charts
[11:31
am] Ed : thx sir joey, where u
been?
[11:32 am] joeytsa : i left
because you werent here
[11:32 am]
joeytsa : 🙂
[11:32 am] Ed :
lol
[11:32 am] joeytsa : you know
me, i take more breaks than a govt
employee
[11:32 am] Ed : and u dont even
smoke, so thats a record
[11:32 am]
joeytsa : 🙂
[11:34 am] doji :
SPY moving
[11:34 am] doji : SLB has
very strong support at 70
[11:35 am]
joeytsa : watching WTW as it approaches
$43
[11:37 am] Ed : PCAR finaaly got
moving
[11:37 am] rusty : TLT
nice
[11:37 am] aussie123 : very
nice Joey
[11:38 am] eddy :
uvxy
[11:38 am] rusty : covered
FSLR
[11:39 am] qwert : joey you get
the long on WTW
[11:39 am] joeytsa :
no hahah
[11:39 am] joeytsa : but i
did sleep at a holiday inn express once
🙂
[11:40 am] qwert : Thx i got
small piece
[11:40 am] joeytsa :
good job
[11:40 am] qwert :
hahaha
[11:40 am] Ed : too funny
[11:40
am] qwert : out now watching for
short
[11:42 am] jsn13 : qwert,
where is ur entry long on WTW?
[11:43 am]
qwert : very small on break over
43
[11:44 am] jsn13 : cos it broke
resistance? was ur entry at 2.36
est?
[11:44 am] qwert :
yes
[11:45 am] joeytsa : jsn: the
real buy rea was before that, i missed
it
[11:45 am] joeytsa : 43 would
have been my exit target actually
[11:46
am] jsn13 : ok thanks qwert and
joey….
[11:47 am] joeytsa : you
see how it held/tested that 42.41 pivot on
pos div on the indis
[11:47 am]
qwert : Jsn thats not my normal trade
thats why very small was watching mainly for
short but decided to try the
breakout
[11:48 am] jsn13 : ya saw
nice support at that 42.40 area….
[11:49
am] joeytsa : yeah and the indi’s i
have up all were moving higher
[11:49 am]
jsn13 : and qwert, i see ur rationale
here….
[11:50 am] qwert : Joey is
right better r/r for long at 42.40
area
[11:55 am] skydiver : thx Ed
for BAS
[11:55 am] skydiver : ok –
covering now on BAS
[11:55 am] qwert
: Bas nice thx E
[11:55 am] Ed : nice
trading sky
[11:56 am] skydiver :
just got my system up – and saw – executed –
and now covered — 🙂
[11:56 am]
jsn13 : ed, what price did u get for
BAS short/
[11:56 am] qwert : nice
sky
[11:56 am] doji : My entry on
BAS was 11.93… too slow connectivity
here
[11:56 am] skydiver : love
these lunch breaks :0
[11:56 am]
doji : My confirmation took several
seconds….
[11:57 am] Ed : 12.09 out
11.69
[11:58 am] skydiver : nice Ed
— I caught it a bit late 11.99 out
11.69
[11:58 am] jsn13 : ok thanks
ed, how bout ur stop? where was it?
[11:58
am] Ed : still great entry, I went in early
based buyers dropping off
[11:59 am]
doji : ED, 12.09 was just on the
reversal candle. What was your confirmation
signal?
[11:59 am] skydiver :
gotcha —
[11:59 am] Ed : buyers
dropping off
[11:59 am] Ed : It was huuge
dropp off
[12:00 pm] Ed : I was using
12.17 as my stop jsn
[12:00 pm] doji
: I see that. Usually I wait until the first
reversal candle close to confirm the high has
been established
[12:00 pm] skydiver
: be back – have a phone call I have to
take
[12:00 pm] qwert : Monitoring
AVD
[12:01 pm] Ed : right, thats best, but
one u been doing thiese so many times u pick
on patterns, ie buying/sellers. So, I went
small and will add on confirmation
[12:01
pm] jsn13 : cool
ed….nice…
[12:02 pm] Ed : early but
never reckless, much smaller size and tighter
stop
[12:03 pm] go4it : Ed could you
suggest a target for SEE?
[12:03 pm]
qwert : so ed did you add on
BAS
[12:03 pm] rusty : analyst on
CNBC “This is a bullish day for the
markets”
[12:03 pm] Ed : did not get
chance,too
[12:03 pm] doji : Ed, do
you enter your entry price and stop price at
the same time or you place your stop after
placing being filled?
[12:03 pm]
jsn13 : i have collection fo
screenshots on this kind of trade…..already
have some concrete steps to trade them….got
confirmation from looking at BAS…
[12:04
pm] doji : Bullish day for the
market?
[12:04 pm] Ed : most time right
after trade is placed
[12:05 pm]
joeytsa : market has a ways to go to be
bullish i think
[12:05 pm] Ed : are u long
bruce
[12:07 pm] Ed : hey bruce are u long
the stock?
[12:08 pm] go4it : Yes
Ed
[12:09 pm] go4it :
L12.03
[12:09 pm] Ed : are trailing all,
or sittin on piece
[12:09 pm] Ed :
thx
[12:09 pm] go4it : 12.40
stop
[12:10 pm] Ed : 12.81
possilblle
[12:10 pm] victor51 :
Thanks Ed . Your NAV and See were great
selection.Stlll holding 1/2 see
[12:10 pm]
Ed : already there never mind
[12:10 pm]
go4it : TY Ed
[12:11 pm] Ed : bump
up stop to 12.53
[12:11 pm] go4it :
ok
[12:11 pm] Ed : trailing behind
20sma
[12:11 pm] Ed : nice
vicotr,
[12:11 pm] Ed : thats on the
1min
[12:12 pm] doji : KCG
lod
[12:13 pm] Ed : when I dont place stop
right after entering trade, I will use my oso
and adjust my stop
[12:14 pm] Ed :
if u want it really tight bruce 12.77 or
12.63 for trailing 20sma
[12:15 pm]
go4it : ok I’ll take both thx
[12:16
pm] qwert : nice trading
go4it
[12:17 pm] go4it : thx
qwert
[12:17 pm] doji : I need a
faster connectivity!!!!
[12:17 pm]
rusty : CNBC loaded with geniuses
today
[12:18 pm] khall : ha ha –
yeah
[12:18 pm] rusty : this guy
telling how he only had $5000 loss rather
than $400M cause of good stop loss
[12:18
pm] victor51 : Ed, Do you think inst.
investors come in and buy
SEE??
[12:19 pm] go4it : 1/2 out
SEE
[12:19 pm] joeytsa : nice
trading go4it 🙂
[12:19 pm] Ed : nice
trading bruce
[12:19 pm] gregs :
1m
[12:19 pm] go4it : thx
Joey
[12:20 pm] go4it : last 1/2 at
12.95
[12:20 pm] Ed : its possible
victor
[12:21 pm] doji : Wow
KCG
[12:22 pm] Ed : but from swing idea,
if ur new I would stay away from it since
trading under all major moving avg.
[12:23
pm] Ed : rusty he was honest and said he
bought KCG as long yesterday and is not
happy
[12:23 pm] Ed : about
choice
[12:24 pm] khall : who would
be? It’s probably going to rebound
but….
[12:24 pm] go4it : all out
SEE TY so much Ed
[12:24 pm] Ed : great
trade bruce
[12:24 pm] Ed : u get the
award today
[12:24 pm] joeytsa :
haha
[12:25 pm] go4it : I’m
calculating your xmas bonus
[12:25 pm] Ed
: cool
[12:26 pm] Ed : where is eyes
today?
[12:26 pm] khall : how many
shares of KCG does he get Bruce?
[12:26
pm] khall : 🙂
[12:26 pm]
doji : EYES = SEE today
[12:26 pm]
Ed : u got that right doji
[12:27 pm]
go4it : 10 khall I’m feelig generous
lol
[12:27 pm] Ed : lol
[12:27 pm]
khall : LOL – anyone else get NAV
short? It was good for 2.9 %
move
[12:27 pm] qwert : thats 9 more
than he already has :))
[12:27 pm]
khall : true, true
[12:28 pm]
khall : he can get fries to go with his
burger now
[12:28 pm] Ed : yea, I will not
know what to do with myself
[12:28 pm]
go4it : lol
[12:28 pm] khall :
you know we appreciate you Ed
[12:28 pm]
go4it : upgrade to Chic fila
[12:29
pm] Ed : nothing like that chicken with
pickle
[12:29 pm] joeytsa : except
that fried chicken sandwich that uses donuts
instead of bread
[12:30 pm] go4it :
haha
[12:31 pm] Ed : so if I put sugar on
it I have a donut
[12:31 pm] go4it :
nobody goes there anymore they’re too
crowded
[12:31 pm] Ed : lol
[12:31 pm]
joeytsa : 🙂
[12:31 pm] qwert
: hahaha
[12:32 pm] rusty : Still
nothing definitive out of Knight on sale or
loan. 30 minutes left – ZeroHedge
[12:33
pm] doji : Watching MTG based on
daily
[12:33 pm] Ed : thx rusty
[12:34
pm] rusty : This week’s glitch is an
ironic embarrassment for Knight, which
publicly criticized Nasdaq for the problems
with Facebook’s initial public
offering.
[12:35 pm] Ed : reduce mortgage
principle, next we will wake up and govt. wil
own our homes
[12:36 pm] Ed : oops meant
to say, the govt is full our nice kind
people, wink wink
[12:36 pm] joeytsa
: hha
[12:36 pm] doji : Another 35K
and by the end of the year I’ll be mortahe
free…. aleluyah!
[12:37 pm] doji :
mortgage
[12:37 pm] joeytsa : nice
doji, get the right stock and there ya
go
[12:37 pm] khall : yeah, the govt
needs to stay out of it
[12:37 pm] Ed :
mortgage free, tax free what else is there
doji
[12:37 pm] joeytsa : nothing
like being debt free
[12:37 pm] doji
: and 100% debt free
[12:37 pm]
khall : that’s great doji!
[12:38
pm] doji : just got my merit increase
also…
[12:38 pm] Ed : I think I could
live with that and have poor
conectivity
[12:38 pm] joeytsa :
takes some weight off your
shoulders
[12:38 pm] Ed : for
internet
[12:38 pm] doji :
hahaha
[12:38 pm] Ed : So thats the trade
off
[12:39 pm] doji : Nothing is
perfect as my grand father always
says
[12:39 pm] joeytsa : thats when
you just swing trade
[12:39 pm] Ed : not
sure doji, u all get internet figured will be
close
[12:39 pm] aussie123 : Just
finished my first and last Monster
drink…lol that stuff tastes like
poison
[12:40 pm] doji : Yes Joey,
still need to wait another 8 years to send my
older daugther to school
[12:40 pm] Ed :
is is suppose to be a power drink
[12:41
pm] doji : Now I just need my short in
SLB to work before the market
closes
[12:41 pm] joeytsa : with
sucrallose, it is a poison
[12:41 pm]
aussie123 : Well see if I can get some
power in the next 20 min
[12:42 pm]
joeytsa : qwert: did you get WTW
short?
[12:42 pm] joeytsa : tighten
if so
[12:42 pm] rusty : CNBC:
Traders rooting for a bad jobs number to
force Bernanke’s hand
[12:43 pm]
qwert : missed my order did not fill
and did not want to chase but
thx
[12:43 pm] Ed : was a nice
setup
[12:43 pm] joeytsa : oh
ok
[12:52 pm] doji : Stopped
SLB…
[12:52 pm] doji :
looser
[12:53 pm] doji : short
sellin covering or bullls buying?
[12:54
pm] Ed : not too many want to be heavy ahead
of report in am
[12:55 pm] doji :
Good night fellas
[12:55 pm] Ed : take
care doji
[12:58 pm] joeytsa :
Thanks Mitch, Ed, everyone..have a great
day
[12:59 pm] Ed : LNKD reports after
close
[12:59 pm] gregs : good night
mitch and ed, thanks again
[12:59 pm]
qwert : good night everybody thx
for a great day
[12:59 pm] rusty :
gn to all the good traders
[01:00 pm]
ben4givn : bye all
[01:02 pm]
khall : goodnight all
[01:02 pm]
rusty : KCG CEO CONSIDERING BANKRUPTCY
REORGANIZATION
[01:04 pm] rusty :
KCG nlod
[01:04 pm] rusty :
GoodNight Knight
[01:06 pm] gregs :
lol
|
Web Special
