[06:13 am] Kris : good morning traders
[06:16 am] Brent : good morning
[06:16 am] Mitch K: Industrial Production up
0.9%
[06:17 am] Kris : ESI, ENDP, YUM, GS, URBN,
SODA and BIDU as possible shorts.
[06:17 am] Kris : This morning I’m watching
LEAP, FNSR, TCB, EPB, PHH, HSFT, VRSK, PPDI,
VIT and WNC for possible longs.
[06:18 am] Kris : premarket spy bouncing off
lows
[06:25 am] Mitch K: you might consider
reducing your long positions by 1/3rd
[06:29 am] Kris : 3 Minutes. Time to
Rock!
[06:30 am] Kris : Money Money Money[06:30 am]
Kris : SODA short half position
[06:31 am] Kris : DANG short half position
[06:31 am] Kris : GMCR short half position
[06:32 am] Kris : DNDN long half
[06:32 am] Kris : missed DANG, don’t chase
[06:33 am] Kris : out half GMCR short
[06:34 am] Kris : KSS long
[06:35 am] Brent : watching CHS for a bounce,
support near $11.50 area
[06:35 am] Kris : buyers coming in
[06:36 am] Kris : out half DNDN long
[06:36 am] Kris : PRGO long half
[06:37 am] Kris : WMT long half
[06:38 am] Kris : SPY pushing new highs
[06:39 am] Kris : CRL long half
[06:39 am] Kris : out another 1/4 DNDN
long
[06:41 am] Kris : CRL out half
[06:41 am] Kris : RENN short half
[06:42 am] Kris : if you have DANG short,
watch for a new lod[06:42 am] Mitch K: JKS
turning over,, look for 18.40 area to
short
[06:43 am] Kris : SPY trying to hold
[06:44 am] Kris : WTW long
[06:45 am] Kris : MGA short half
[06:46 am] Kris : SPY testing lod, watch for
a break to new lows
[06:49 am] Kris : OXY short half
[06:49 am] Kris : watching RGS for a short
[06:50 am] Kris : JOYG short half
[06:52 am] Kris : SPY support at 119
[06:53 am] Brent : support on SINA around 94
area, so could have more downside
[06:53 am] Brent : watching SINA for a
bounce
[06:53 am] Kris : out half JOYG short
[06:53 am] Kris : out half OXY short
[06:55 am] Kris : CREE short half
[06:56 am] Kris : looking for a new high in
WTW
[06:56 am] Mitch K: watching SINA for
bottom
[06:57 am] Kris : 62.58
[06:57 am] Kris : TGT long
[06:58 am] Kris : out another 1/4 OXY
short
[06:59 am] Kris : RENN weak bounce, watch for
a breakdown to new lod.
[07:00 am] Kris : NAV short half
[07:01 am] Brent : consider reducing SINA if
long
[07:01 am] Kris : if you got RGS short, look
to take profit here in this area and move
down your stop.
[07:01 am] Kris : I’ll watch ZAGG for a weak
bounce and then a possible short on a new
lod.
[07:03 am] Brent : next target 100.50 area if
it can break 100
[07:03 am] Brent : on SINA
[07:03 am] Kris : out half WTW, having
trouble with resistance
[07:04 am] Kris : NUAN short half
[07:04 am] Mitch K: consider reducing the
longs in the ETFs and stocks on the DSR TQQQ,
UPRO, TNA, DIG
[07:05 am] Kris : watch NAV for new lod[07:07
am] Kris : SPY coming down to test 119
area
[07:08 am] Kris : YOKU short half
[07:09 am] Kris : CREE making new lows
[07:11 am] Kris : BIDU making new lows
[07:12 am] Kris : SPY failing at trendline
resistance so far
[07:13 am] Kris : BKS short
[07:13 am] Kris : how’s oil future trading
going EYES?
[07:15 am] Kris : moving up to test hod[07:15
am] Kris : SPY broke trendline resistance
[07:17 am] Kris : NEM long
[07:20 am] Kris : TEVA long half
[07:20 am] Kris : YOKU new lod, still looking
weak
[07:22 am] Kris : HPQ long half
[07:29 am] Brent : SPY coming into resistance
at 120
[07:38 am] Kris : long second half NEM
[07:38 am] Kris : out half WTW long
[07:54 am] Kris : SPY pushing 120
resistance
[07:54 am] Kris : watch for a breakout to
higher highs soon
[07:56 am] Brent : take care anthonyb, see
you tomorrow
[07:56 am] Kris : watch for a new hod in TEVA
soon
[08:00 am] Kris : sorry disregard
[08:00 am] Kris : spy
[08:01 am] Kris : SPY trying t break
trendline here, 120.00 now support
[08:10 am] Kris : SPY next support 119.60
area
[08:25 am] Kris : SODA selling
[08:43 am] Kris : SPY about to test hod[08:50
am] Mitch K: hey guys, here is a video we
made while fishing last week in Alaska. My
son is a film student at Biola Univ.
http://www.youtube.com/user/FinalCutKing?ob=5
[08:51 am] Mitch K: there was this one creek
I found, that had about 2,000 fish in about a
small sized bedroom, right out of the
ocean
[08:53 am] Kris : WTW new hod[08:55 am] Kris
: Zach is great with special effects. He can
even make Mitch look like a fisherman.
[08:57 am] Kris : sounds amazing
[08:59 am] Kris : looking for a new low in
CRM
[09:00 am] Kris : not yet mike, just watching
it here
[09:05 am] Kris : SODA new lows
[09:05 am] Kris : SPY pulling back into
previous high and trendline support
[09:07 am] Kris : KCI ALERT
[09:07 am] Kris : KCI ALERT
[09:07 am] Kris : KCI ALERT
[09:08 am] Kris : CRM short half
[09:10 am] Kris : KCI for advanced traders
only. If you’re not experienced trading
these kinds of spikes, paper trade it or
trade a very small position.
[09:10 am] Kris : TIVO spiking again.
[09:11 am] Kris : no itacher[09:23 am] Kris :
watching SWKS for a possible long soon.
[09:25 am] Kris : watching for a new low in
FOSL
[09:26 am] Brent : good eye on CBE
duckfan[09:30 am] Kris : let me check EYES
[09:31 am] Kris : Fried Butter on a Stick?
The Iowa State Fair’s Artery-Clogging
Offerings
[09:31 am] Kris : maybe it was this….
[09:32 am] Kris : each stick is $4
[09:32 am] Kris : I think you’re safe mike
[09:32 am] Kris : if you can’t afford that,
there is a guy that will charge $2 to fill a
shotgun full of cheesewiz and shoot it up
your rear.
[09:32 am] Kris : that would make me sell my
long positions
[09:32 am] Mitch K: causing spike down
[09:32 am] Mitch K: Sarkozy says size of EFSF
is sufficient, market was expecting a
boost
[09:33 am] Kris : wow gecko
[09:34 am] Kris : deep fried butter?
seriously?
[09:43 am] Kris : CRM weak bounce, see if it
can break the lod[10:02 am] Mitch K: new low
of day on SPY (SP 500 trust etf)
[10:06 am] Kris : out half CRM short
[10:07 am] Kris : SPY coming into support
area
[10:07 am] Kris : we should see a bounce soon
in the markets
[10:08 am] Kris : start looking for some long
setups
[10:09 am] Kris : yes, good support around
62.30 on WTW but not enough profit for me to
the next overhead resistance.
[10:11 am] Kris : around 62.80 derns[10:12
am] Kris : LNKD new lod[10:15 am] Kris : YNDX
could give a tradable long soon
[10:19 am] Mitch K: Fitch reaffirms US
ratings at AAA
[10:19 am] Mitch K: says debt ceiling
agreement not criteria for judging rating
[10:20 am] Mitch K: its like S&P and
Fitch are looking at different chart with
different settings and getting different
signals
[10:21 am] Kris : long half YNDX
[10:22 am] Kris : bingo joey
[10:22 am] Kris : get second half on pullback
but make sure the market holds the lod.
[10:22 am] Kris : SP same ones that gave the
mortgage meltdown debt AAA rating.
[10:23 am] Kris : after the latest US
downgrade.
[10:23 am] Kris : then money moved from
stocks to the newly downgraded treasuries
causing the selloff.
[10:24 am] Kris : good choice joey
[10:28 am] Kris : LNKD weak bounce, look for
break to new lod.
[10:29 am] Kris : good volume on that DLTR
break candelas.
[10:37 am] Kris : out half YNDX long
[10:38 am] Kris : GS short
[10:42 am] Kris : watch for spy to break
lower trendline, could retest the lows
[10:45 am] Kris : SODA still selling
[10:55 am] Brent : have a great night
myrontay[10:55 am] Brent : see you
tomorrow
[10:55 am] Kris : have a good one
myrontay[11:00 am] Kris : out half GS
short
[11:27 am] Kris : SPY at trendline support
[11:29 am] Kris : break time. be back in
30.
[11:45 am] Brent : SODA new low, getting beat
up
[12:44 pm] Brent : have great night
Lisas[12:47 pm] Kris : and I don’t day trade
this close to the close
[12:47 pm] Kris : no Itacher, I am flat.
[12:47 pm] Kris : not holding any new swing
positions
[12:53 pm] Kris : See ya mhaus and
mbear[01:01 pm] Brent : have a great night
everyone, see you in the am
[01:02 pm] Mitch K: bye girls
[01:07 pm] Kris : Everyone have a great
night. See you all back here tomorrow
morning.
TSA |
[06:16 am] candelas : fyi IDCC no shorts at
Tradestation[06:16 am] joeytsa : nice gap
downs this morning :
IDCC,BIDU,URBN,PRGO,SODA
[06:19 am] monkeytrader -: LMFAO
[06:26 am] lisas : Mitch, should we reduce
at open, or see how day goes?
[06:29 am] joeytsa : yep Mike…BIDU
falling
[06:29 am] mikewd2 -: well it looks like I’m
going to get to buy my TNA back cheaper
[06:29 am] myrontay : that’s a good way to
think about it mike
[06:35 am] mikewd2 -: back in TNA full
position, $1 lower than yesterday sell
[06:36 am] joeytsa : gap downs all dropped
and popped for quick profits, love days like
that 🙂
[06:37 am] joeytsa : PRGO powering up
[06:47 am] mhaus : ANF
[06:50 am] alice1 : look at sina[06:50 am]
alice1 : what do you think?
[06:50 am] junior : Mitch thank you for JKS
short
[06:53 am] mando : Good eye Brent!!!
[06:53 am] mando : SINA at bottom??
[06:54 am] duckfan : Mhaus, thanks for
ANF
[06:55 am] anthonyb : yes good trade on ANF
thanks mhaus[06:55 am] mhaus : watching
URBN
[06:57 am] derns : Kris…what’s your target
on WTW?
[06:57 am] derns : Thx
[07:00 am] joeytsa : SINA trying to break
the downtrend
[07:03 am] rusty : LBAS bouncing
[07:07 am] myrontay : Mitch – do you think
this is a start of a new down leg or a
pullback within an uptrend?
[07:07 am] myrontay : since you spoke about
the V pattern
[07:08 am] apple : can you keep the SPY
chart up in the background, thx
[07:08 am] ronfrac : out TNA 46.75
[07:11 am] eyes-inthenow : sina took a
dive
[07:15 am] ltacher : IWM holding well
[07:16 am] staz : IDCC stayed strong,
trending up
[07:21 am] ltacher : JET blue popping
guys
[07:23 am] joeytsa : great trades today
[07:24 am] mikewd2 -: stopped out of NAV
[07:25 am] alice1 : out 1/2 sina +2.12
[07:26 am] joeytsa : nice trade alice1..you
were the first on SINA
[07:26 am] mikewd2 -: nice alice1, i missed
the bottom
[07:27 am] apple : great job alice[07:27 am]
mikewd2 -: although IDCC has tons of
Smartphone type patents
[07:27 am] mikewd2 -: don’t think they will
buy both MMI and IDCC
[07:27 am] rusty : Analyst saying GOOG in
talks to buy IDCC
[07:28 am] gecko : markets picking up
[07:28 am] joeytsa : almost a license to
print money
[07:28 am] joeytsa : always try
to..Basically done for the day unless a see a
fastball down the middle ofthe plate 🙂
[07:28 am] ltacher : and TEVA
[07:28 am] ltacher : In HPQ
[07:29 am] apple : good for you joey
[07:29 am] ltacher : I am not reducing TNA
actually buying more
[07:29 am] ltacher : let do it SPY brake
out
[07:30 am] alice1 : out 1/4 sina + 3
[07:30 am] ltacher : heavy volume in ford
motors option calls
[07:30 am] ltacher : TNA looking strong
[07:30 am] ltacher : upro looking strong
[07:31 am] alice1 : last 1/4
[07:31 am] alice1 : move stop up to 98
[07:31 am] apple : mhaus – I am right behind
you
[07:33 am] junior : nice alice1
[07:37 am] alice1 : out last 1/4 sina + 2,
stopped out
[07:37 am] apple : too late, CARB S – it was
very quick
[07:42 am] ltacher : for some reason the
market was moving down and Agilent technology
was moving up ..
[07:45 am] alice1 : short sina 98.24
[07:47 am] alice1 : stopped flat sina[07:47
am] ltacher : URBN pushing up
[07:55 am] uptick : You can tell when the
SPY is about to move, AAPL moves first..(I’m
Long Swing and Day Trade
[07:56 am] anthonyb : That’s all for me.
Thanks everyone for all the great calls. I
will see you tomorrow
[07:56 am] gecko : tna new highs
[07:57 am] ltacher : is TEVA making a new
High Kris
[07:57 am] ltacher : Upro moving higher
[07:58 am] guitarzan1 -: things go so well
when i listen to you guys. 🙂
[07:59 am] bernard : TQQQ high of day
[07:59 am] stevemld : CLF moving
[08:00 am] ltacher : in TQQQ and DIG got thi
morning good price I hope
[08:01 am] ltacher : every time it touch is
it goes down
[08:02 am] alice1 : should have kept my
sina[08:03 am] mhaus : Itacher, you keep on
jinxing it
[08:04 am] ltacher : yes is difficult I know
..lol[08:20 am] rusty : ZAGG radar
[08:20 am] staz : IDCC
[08:21 am] candelas : looking 4 more selling
in XTXI
[08:24 am] candelas : scrap the idea
[08:27 am] mikewd2 -: EL chairman on CNBC,
talking up the company big time with new
products, etc.
[08:28 am] bernard : long AXAS
[08:33 am] Brent : great job guitarzan[08:33
am] guitarzan1 -: so…. i’m off to my
surveying job. nice profitable day… thanks
kris/brent[08:34 am] candelas : good for
you guitarzan[08:34 am] guitarzan1 -: thx 🙂
makes my dirty job so much more pleasant when
i don’t feel like i “need” it
[08:35 am] guitarzan1 -: thx candelas. c u
tomorrow friends
[08:42 am] dan : Kris, your stop on NEM?
[08:43 am] ltacher : wow let do it SPY
[08:44 am] derns : SPY is shooting up.
[08:44 am] gecko : previous spy peak
10.59
[08:44 am] ltacher : I feel heading 1250 an
old support and a new resistance yehaaa[08:44
am] rusty : IDCC piece from earlier
http://www.businessinsider.com/google-motorol
a-idcc-apple-microsoft-2011-8
[08:45 am] Brent : take care Junior
[08:45 am] gecko : broke it
[08:45 am] gecko : tna about to test
hod[08:45 am] junior : Gotta go, see
everyone tomorrow, thanks tsa!!!!
[08:45 am] ltacher : I watching IDCC i like
it but in ..
[08:47 am] ltacher : good day Junior
[08:47 am] rusty : MEDH radar
[08:48 am] ltacher : right on Pivot ha Kris
little more volume we heading higher
[08:50 am] rusty : oh jeez Mitch gonna rub
it his wonderful vacation now
[08:51 am] fjdalaska : Mitch – You were up
here and did not give me a call??
[08:51 am] ltacher : wow
[08:52 am] fjdalaska : Anchorage
[08:52 am] fjdalaska : And, I’m a pilot.
[08:52 am] lisas : Pretty neat video!
[08:52 am] ltacher : incredible Mitch look
just like you G-D bless them
[08:52 am] Mitch K: sorry fjd, what city?
[08:52 am] rusty : beautiful country
[08:53 am] derns : Mitch…funny video! I
think my niece has met your son at
Biola…great school
[08:53 am] fjdalaska : EXACTLY !!
[08:53 am] Mitch K: oh, sorry fjd, had two
long layovers in Anchorage. could have gone
over charts with you
[08:53 am] rusty : nice video Mitch
[08:53 am] staz : Fun video, looks like a
great time
[08:54 am] eyes-inthenow : IDCC turned
over
[08:54 am] mikewd2 -: nice Mitch, glad you
had a great vacation
[08:54 am] mikewd2 -: now let’s make some
money so we can go also
[08:54 am] rosmag : Great video!
[08:54 am] rusty : and your son a good
producer
[08:55 am] lisas : The fish are amazing,
when I first into the video, I was wondering
how the heck was he faking the fish jumping
out!
[08:56 am] candelas : lol[08:56 am] joeytsa
: haha[08:56 am] lisas : lol Kris
[08:56 am] ltacher : hahaha lol Kris
[08:56 am] Mitch K: doesn’t look like TNA
will drop that low vans, were you thinking of
buying
[08:56 am] rusty : lol kris[08:56 am]
sonorant : Wow, looks like a great time —
nature at its best, good fishing, great
kids!
[08:56 am] uptick : Great video…Final Cut
is a Mac product. I use iMovie…but not as
good as what your son has done.
[08:56 am] vans : MK, do you see TNA pulling
back to 43 area? or lower
[08:57 am] aussie123 : Cheese and
crackers…….what an interesting video
[08:57 am] Brent : no state police either
obviously
[08:57 am] lisas : Do you take home all you
catch? I would guess you freeze them?
[08:57 am] Mitch K: Kris, there was another
place where the fish were in about 6″ of
water and he scooped them right on the bank
with his bare hands, no special effects
[08:57 am] Mitch K: while they were swimming
upstream
[08:57 am] rusty : LBAS lod[08:57 am] staz
: Anyone have a broom…
[08:57 am] staz : Yes, he should show Mitch
with phone in one hand talking to Bert about
TNA and dragging in a salmon with the
other
[08:57 am] vans : wondering to buy more on
today’s pull back or wait for lowers
[08:58 am] mikewd2 -: where do you find
these, rusty?
[08:59 am] Kris : lol[08:59 am] ltacher :
Mitch is TNA good to buy more at this levels
..I am being buying since last week daily
cost averaging and then will reduce as it
falls ..that is my plan
[08:59 am] rusty : actually I scan for
stocks up 6+ days
[08:59 am] rusty : dumpster diving
[08:59 am] staz : Out IDCC 66.10 from 63,
time for a break
[09:00 am] Kris : it’s a lost art
[09:00 am] mikewd2 -: i missed it, did we
short CRM?
[09:00 am] mikewd2 -: ok, thanks
[09:00 am] vans : If we think TNA will dip a
few days, maybe I should think about selling
the AUG calls?
[09:01 am] lisas : Love the Mac book air
video Mitch!
http://www.youtube.com/user/FinalCutKing?ob=5
#p/a/u/0/J5Qm0XRgQB0
[09:01 am] lisas : Now I’m not paying
attention to my trades, lol[09:02 am] mikewd2
-: if you like oil services stocks, keep an
eye on CJES – they are hiring like crazy in
south texas[09:03 am] gecko : nice video
mitch[09:03 am] mikewd2 -: in eagleford
shale
[09:03 am] mikewd2 -: IPO’ed a few weeks
ago
[09:07 am] myrontay : woah what just
happened to KCI
[09:08 am] gecko : mitch: next time if u
want to rough it in alaska:
http://www.andersonmobileestates.com
[09:08 am] ltacher : BA looking strong
watching it
[09:09 am] ltacher : I love fishing any
Salmons up there in alaska ..
[09:09 am] mhaus : SODA tanking
[09:09 am] myrontay : kris short KCI?
[09:09 am] rusty : fwiw[09:09 am] rusty :
here’s me on hunting trip
http://www.bumperdumper.com/
[09:09 am] rusty : KCI is a buyout
[09:10 am] gecko : nice move
[09:10 am] mhaus : TNA
[09:10 am] myrontay : ok thnx[09:10 am]
rusty :
http://www.bloomberg.com/news/2011-08-01/kine
tic-concepts-said-to-seek-2-6-billion-term-lo
an-for-leveraged-buyout.html?cmpid=yhoo KCI
from 8/1
[09:10 am] rusty : whole market popping
[09:11 am] ltacher : IS KCI a bull short
mitch[09:12 am] joeytsa : great video
Mitch
[09:12 am] ltacher : I love those Bull
shorts ..
[09:12 am] mikewd2 -: dang, got in 68 stopped
at 68.30 on KCI
[09:13 am] jjammerp : wow where did that
whip come from?
[09:13 am] rusty : LBAS is a bullshort with
a twist
[09:14 am] mikewd2 -: 4 wins on longs, 2
loses on shorts – maybe i need to stick with
longs
[09:14 am] rusty : Merkel Sarkozy
[09:14 am] uptick : What the heck is going
on?
[09:14 am] vans : OK< did we just get
some news that turned the market?
[09:15 am] ltacher : LBAS huge spread Bid.55
ASk .94
[09:15 am] rusty : .91 x .92 here
[09:15 am] rusty : still plenty of downside
if you are patient
[09:15 am] vans : I think some computers are
Scr… with the humans
[09:16 am] lisas : ronfrac, Sarkozy
commenting
[09:16 am] ltacher : nice I am in TEVA HPQ
TNA
[09:16 am] ronfrac : What happened 1 min
ago. Spikes in TEVA,RGS,HPQ,TNA
[09:16 am] rusty : was the whole market
[09:17 am] ltacher : HPQ up bid is 798 and
and down bid 798 the same
[09:17 am] vans : Mitch, some of your years
of Exp. needed here. Are we looking at a
sell signal?
[09:19 am] ltacher : UPRO holding well
[09:24 am] duckfan : Watching CBE
[09:27 am] duckfan : thx
[09:28 am] mikewd2 -: TNA, SPY definitely
broke the trend up
[09:29 am] eyes-inthenow : DOes anyone know
what news just hit
[09:29 am] myrontay : super clear break
[09:30 am] mikewd2 -: just ringing out the
weak, I suspect
[09:31 am] myrontay : lol kris[09:32 am]
eyes-inthenow : Mking do you think Tna is a
good long here
[09:32 am] mikewd2 -: dang and I just went
long on lard and butter
[09:32 am] myrontay : wth[09:33 am] gecko :
wow kris[09:33 am] joeytsa : cheezewhiz
enema
[09:34 am] gecko : i am getting a visual of
that cheeze whiz
[09:34 am] Kris : how do you top that?
[09:34 am] ltacher : I am in the Long
hold
[09:34 am] stevemld : believe i will opt for
the fried butter on a stick
[09:35 am] gecko : wrap it in bacon
[09:36 am] ltacher : I haven’t unfold my
pair of flash I am stking to TNA with a stop
at 42.50
[09:37 am] ltacher : earnings are good what
is it with this market
[09:37 am] rusty : I’m getting hungry
[09:38 am] joeytsa : probably forward
looking ltacher[09:39 am] ltacher : the big
boys are ignoring all good earning does not
make sense this com making huge amount of
money ..look at wal-mart Topped Estimate for
2Q Revenues rose 5.5 YoY[09:40 am] rusty :
LBAS new lod[09:41 am] joeytsa : maybe the
play was b4 the earnings came out…happens
quite often.
[09:41 am] ltacher : we cannot be looking at
the house market ..like is the only thing can
move the economy
[09:42 am] ltacher : watching MAKO
[09:46 am] rusty : MERKEL SAYS AIM TO HAVE
BUDGET RULES IN PLACE BY MID-2012.
[09:48 am] eyes-inthenow : Mking what are
your thoughts on TNA Long here
[09:49 am] gecko : new lows dow[10:04 am]
rusty : covering some LBAS
[10:07 am] joeytsa : SPY just tumbling
[10:08 am] derns : Kris…do you see WTW
bouncing?
[10:08 am] rusty : FAZ radar
[10:09 am] rusty : and/or FAS
[10:10 am] derns : Kris…so I can
understand your thots..if support on WTW at
62.30 and you dont see the profit potential,
where do you see the resistance?
[10:11 am] asantern : Candelas:Did you take
series 56 exam?
[10:11 am] candelas : im deciding, if not
can use prop firm anymore
[10:11 am] derns : Thx Kris…studying
only…I won’t be adding it this time
around.
[10:11 am] stevemld : MOS lod[10:12 am]
candelas : seems like a hassle and a way for
sec to make money
[10:12 am] mbear : L FCX 45.56
[10:12 am] rusty : cancel POWI not enough
volume
[10:12 am] rusty : POWI radar
[10:17 am] jolliffboy : Anybody looking at
JVA for possible long??
[10:20 am] candelas : or someone was
promised treasury post
[10:21 am] candelas : ok
[10:21 am] derns : or looking at the same
chart but interpreting it differently…kinda
how you do versus my poor analysis
[10:21 am] Mitch K: but you may be on to
something, could be getting a lot of pressure
from the WHite House not to downgrade
[10:21 am] Mitch K: the guy from Fitch is
British candles
[10:21 am] rusty : no conflict of interest
there
[10:21 am] rusty : SP Fitch et al same guys
who upgraded Enron at high
[10:22 am] joeytsa : bingo Kris
[10:22 am] joeytsa : same ones rusty…
[10:22 am] joeytsa : they nailed the ’08
situation too 🙂
[10:23 am] candelas : worst than
meteorologist
[10:23 am] joeytsa : my guess is they can’t
pick their noses without screwing that up
[10:24 am] rusty : Enron was also Abby
Joseph Cohen’s favorite energy stock in
2001
[10:25 am] candelas : dltr breaking out
[10:30 am] candelas : yep
[10:31 am] derns : DLTR got a lot of press
this morning on CNBC
[10:36 am] candelas : plus .30 on brkout and
plus .26 on short DLTR
[10:51 am] gecko : at 94.50
[10:51 am] gecko : brent nice call on sina
bottom
[10:51 am] vans : Mitch, would you consider
selling the Aug. Calls on TNA To help profit
in the next few days decline, Or do you
really feel that the markets will increase by
Friday. Just your thoughts, not holding you
to anything.
[10:52 am] candelas : lod Soda
[10:52 am] mbear : out FCX long 45.96
[10:55 am] myrontay : im off guys
[10:55 am] myrontay : thnx kris/brent[10:56
am] mhaus : MJN
[10:58 am] ronfrac : Have Dr. Appt. See you
folks tomorrow. Thx for good training day.
Good luck
[10:59 am] eyes-inthenow : Apple you here
[10:59 am] gecko : ema 200, vwap and ma
200
[10:59 am] gecko : spy has triple resist
numbers here on 1m
[11:06 am] candelas : new lod soda
[11:06 am] candelas : no
[11:06 am] qwert : candles r u short soda
[11:07 am] candelas : i covered earlier
[11:07 am] mbear : Is anybody else having a
hard time reading the text in the upper
dialogue box? I can only see the bottom
line…
[11:07 am] qwert : to bad huh
[11:10 am] Brent : did you try refreshing the
room?
[11:10 am] mbear : I guess it’s just me
then
[11:11 am] Brent : then choose reload
conference room
[11:11 am] gecko : upper right x in a circle
mbear[11:12 am] Brent : after clicking blue
X
[11:12 am] candelas : soda has been a great
giver today short and long
[11:13 am] apple : those are the kind I
love
[11:14 am] eyes-inthenow : EM Looks very
interesting
[11:14 am] eyes-inthenow : on daily
[11:14 am] gecko : spy broke 3 lines of
resist
[11:14 am] mbear : Refreshed…all good
thanks Brent
[11:15 am] eyes-inthenow : Any thoughts
Brent
[11:19 am] mhaus : STRA
[11:21 am] Brent : Don’t care for EM Eyes
[11:21 am] eyes-inthenow : Thanks for
Answering
[11:22 am] gecko : tna is working
[11:22 am] mikewd2 -: i haven’t seen it move
in a bit
[11:22 am] mikewd2 -: is the TNA chart
working?
[11:23 am] gecko : look at the numbers if
they are not changing refresh ur screen
[11:23 am] qwert : is working here
[11:24 am] candelas : Mike it is on 3min
alos[11:25 am] mikewd2 -: remind me how to
refresh this window
[11:26 am] joeytsa : blue x mike
[11:26 am] joeytsa : or reload
[11:26 am] joeytsa : then i think you click
refresh of reload
[11:26 am] joeytsa : topright of chart
[11:27 am] mikewd2 -: thanks I’m back up
[11:28 am] joeytsa : good
[11:30 am] candelas : more sellers Soda
[11:30 am] joeytsa : GS making another leg
down?
[11:31 am] mikewd2 -: maybe a bounce in Soda
at some point
[11:38 am] rusty : BKX lod[11:46 am]
eyes-inthenow : Any thought on swinging Soda
long
[11:48 am] Brent : I’d pass on that. SODA
just broke support on Daily
[11:48 am] rusty : BAC possible sale of MER
for 1B
[11:49 am] eyes-inthenow : NYX
[11:50 am] derns : Rusty..are you saying BAC
may sell Merrill Lynch for $1 billion?
[11:53 am] candelas : bac been raising cash
lately
[11:53 am] derns : What a crazy idea
[11:53 am] ltacher : IS TNA braking down
?
[11:54 am] candelas : sold portion of toxic
paper to fannie for 500 million also
[11:54 am] rusty : maybe that’s just a
portion of MER
[11:58 am] rusty : BAC looking to sell real
estate portion of MER
[11:58 am] rusty : seems like BAC should
join TSA
[11:59 am] candelas : as long as helicopter
Ben is around bac will be fine
[11:59 am] rusty : that way they would learn
to buy at low and sell at high and not the
opposite
[12:01 pm] joeytsa : good ole Ben just
waiting to spring qe3 on us huh
[12:02 pm] candelas : they will give it a
new name socianomics[12:02 pm] joeytsa :
yep…he is good at that…
[12:03 pm] candelas : true
[12:03 pm] joeytsa : you just need to learn
how to translate with him
[12:04 pm] candelas : soda tryn 2 break
downtrend
[12:04 pm] joeytsa : he isn’t fooling me
anymore
[12:04 pm] ltacher : Kri you still Holding
HPQ and TEVA?
[12:20 pm] terry : cte another chinese
fraud
[12:22 pm] lightning : IPXL on the move
[12:23 pm] rusty : BofA In Talks To Sell
Merrill’s Real Estate Assets To Blackstone
BAC
[12:25 pm] gecko : keep watching
[12:25 pm] gecko : markets moving up
[12:30 pm] vans : Mitch, Before close, can
you give your thoughts on a lower day
tomarrow for a good buying opp. or a higher
open
[12:31 pm] ltacher : very volatile day
wow
[12:33 pm] Brent : “Rusty….Where the news
comes first”
[12:33 pm] rusty : Russell Armstrong, the
estranged husband of “Real Housewives of
Beverly Hills” star Taylor Armstrong, was
found dead in Los Angeles of an apparent
suicide, the city’s coroner’s office said. He
was 47
[12:34 pm] lightning : Next reality show:
The real traders of TSA.
[12:34 pm] rusty : lol[12:38 pm] candelas :
DTG
[12:40 pm] mhaus : Mitch, any ideas for
swing trades? I will be out for a not so fun
procedure tomorrow and will not be able to
trade tomorrow.
[12:40 pm] mikewd2 -: S&P downgrades
Google to sell
[12:40 pm] rusty : Avis still pursuing
Dollar Thrifty (DTG)
[12:41 pm] gecko : rusty: with that news you
wont be trading tomorrow
[12:42 pm] gecko : ie russel armstrong[12:43
pm] toptrade : dtg late alert
[12:44 pm] lisas : Thanks Mitch, Kris,
Brent, and all, strong ending today!
[12:45 pm] candelas : DTG plus 1
[12:45 pm] ltacher : Hello Kris are you
still Holding HPQ TEVA ..i din’t see it in
the Chat
[12:45 pm] mbear : thanks for DTG
candelas
[12:46 pm] candelas : anyone else get
DTG?
[12:47 pm] mbear : thanks to you candelas
[12:47 pm] mbear : yes candelas S 67.71,
covered 67.11
[12:47 pm] qwert : thanks for dtg[12:48 pm]
candelas : its a team approach
[12:48 pm] candelas : or should i say tsa
family approach
[12:49 pm] rusty : SODA alert
[12:51 pm] candelas : c ya mbear[12:51 pm]
mbear : Thanks for great trades today
everyone, signing off…see you tomorrow
[12:52 pm] candelas : c ya mhaus[12:52 pm]
mhaus : I will call it a day. Good evening
to all. See you all on Thursday.
[12:53 pm] rusty : thx and have a good night
everyone
[12:54 pm] apple : thx MK, K, B and everyone
– have a fun evening
[12:57 pm] sonorant : Kris, are you still
there and up for a question?
[12:58 pm] candelas : no time but mcp
selling at close
[12:59 pm] sonorant : Going back through
some of the chat room — you nailed the
resistance on WTW . How did you get the
$62.30 & $62.80 numbers?
[01:00 pm] Kris : previous price
consolidation sonorant
[01:01 pm] candelas : have a great night
Kris,Brent,Mitch,Traders[01:01 pm] Kris :
have a good one candelass[01:01 pm] Kris :
look at a 1min chart sonorant.
[01:01 pm] observer : Have a great night,
MK, Brent, Kris, Traders
[01:01 pm] sonorant : Many thanks, will
do.
[01:01 pm] sonorant : Thanks — I went back
and looked at 60 minute and daily charts and
didn’t see it. Will look again.
[01:02 pm] ltacher : Kris for day trading
you use 1 min 5 30 or 15
[01:04 pm] Kris : 3min is for my reversal
strategy
[01:04 pm] Kris : I use 1min 3min and
Daily.
[01:04 pm] sonorant : Okay thanks, will
check them out. How far back do you go?
[01:05 pm] Kris : I look back 5 days on the
intraday charts, daily I use 1 year.
[01:05 pm] ltacher : With indicator ma 20
[01:05 pm] sonorant : Great, thanks
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