[06:20 am] Kris : Good Morning Traders
[06:20 am] Kris : How’s everyone doing this
morning?
[06:20 am] Kris : This morning I’m watching
CHD, HSY, PRGO, WEC, DY, ELN, UTHR and SIGA
as possible longs.
[06:21 am] Kris : AXS, LLL, UTIW, WCRX, RENN,
AVGO, LZB and ISIL as possible shorts.
[06:21 am] Kris : excellent! Let’s have a
great day today.
[06:25 am] Brent : good morning
[06:28 am] Kris : 2 minutes. Time to
Rock!
[06:30 am] Kris : UTHR long half
[06:31 am] Kris : AMZN long half
[06:31 am] Kris : out half UTHR long
[06:32 am] Kris : AEO short half
[06:33 am] Kris : LVS long half
[06:33 am] Kris : TCK long half
[06:34 am] Kris : SPY over resistance
[06:35 am] Kris : AMTD long half
[06:35 am] Kris : BUD long half
[06:38 am] Kris : CERN long half
[06:40 am] Kris : yes scalpman[06:41 am]
Brent : watching PANL for a bounce
[06:41 am] Kris : I stopped second half UTHR
long BE
[06:43 am] Brent : consider reducing PANL
[06:43 am] Kris : CERN making new highs
[06:43 am] Kris : DANG long half
[06:43 am] Kris : long second half TCK
[06:43 am] Kris : see if the SPY can move
over hod resistance
[06:43 am] Kris : starting to see some buyers
now
[06:44 am] Kris : out half CERN long
[06:45 am] Kris : looking new hod in LVS and
BUD
[06:45 am] Kris : will watch SODA for a
pullback to take long.
[06:46 am] Kris : KSS long half
[06:47 am] Kris : green green green[06:48 am]
Kris : out half LVS long
[06:49 am] Brent : yes derns, reducing more
here 39.90 area
[06:50 am] Kris : AZPN ALERT
[06:50 am] Kris : SNDK long half
[06:51 am] Kris : AZPN ALERT
[06:51 am] Kris : LULU long half
[06:52 am] Kris : MOBI long small position
[06:53 am] Mitch K: short idea AZPN
[06:54 am] Kris : out half KSS long
[06:54 am] Kris : SPY still running
[06:54 am] Mitch K: forgot who asked about
BAC late yesterday. Was a really positive
article to buy BAC by DIck Bove, a bank bear
analyst
[06:56 am] Kris : CERN consolidating, looking
for another move above hod.
[06:56 am] Kris : out another 1/4 KSS long
[06:57 am] Kris : out half BUD long, moving
up stop
[06:57 am] Kris : out half MOBI long
[06:58 am] Kris : AMZN trying for hod[06:59
am] Kris : I hope not
[07:00 am] Kris : careful with your longs
now, SPY could start to top here soon.
[07:00 am] Kris : out half AMTD long
[07:00 am] Kris : out half LULU long
[07:04 am] Kris : analyst looks like
analcyst. anyone ever notice that?
[07:04 am] Mitch K: AZPN holding up fairly
strong here ltacher, id pass
[07:05 am] Kris : start looking for some
short setups soon
[07:07 am] Kris : SINA short half
[07:08 am] Kris : I still have a 1/4 of SNDK,
gonna see if it can hold up against a
pullback in the markets.
[07:12 am] Kris : miners and gold stocks
moving down
[07:12 am] Kris : SPY holding up so far,
looking beefy
[07:12 am] Kris : yes I’m still short AEO
[07:13 am] Kris : out half SINA short
[07:14 am] Kris : no, just traded the half
cause I wanted to see if the market is still
on steroids today scalpman.
[07:16 am] Kris : getting more green coming
across the board, watch that trendline
resistance.
[07:16 am] Kris : out another 1/4 SINA
short
[07:16 am] Kris : SNDK holding up well
[07:17 am] Kris : you mean markets are not
logical joey?
[07:18 am] Kris : out all SINA short
[07:19 am] Kris : out half AEO short
[07:20 am] Kris : QCOR long half
[07:22 am] Kris : watching SPRD for a long
[07:22 am] Mitch K: should get a small bounce
soon
[07:23 am] Kris : RENN another leg down
[07:23 am] Kris : was anyone able to get that
this morning on the short side from the
open?
[07:23 am] Kris : watching MCP for a long
[07:24 am] Kris : OC long half position
[07:25 am] Kris : out half QCOR long
[07:26 am] Kris : MHP long half
[07:26 am] Kris : SPY trying to find support
here, need to break trendline resistance for
the longs. mind your shorts.
[07:29 am] Kris : AU short half
[07:39 am] Kris : RIMM long half
[07:40 am] Kris : out half RIMM long
[07:40 am] Kris : SPY still having trouble
with the trendline.
[07:45 am] Kris : UTHR still moving up
[07:51 am] Kris : RENN trying for a new
lod[07:58 am] Kris : SINA breaking down
again
[08:05 am] Kris : yes, I’m still in AU
[08:31 am] Kris : what are you talking about
scalpman?
[08:33 am] Kris : I started small and had a
wide stop, I nearly stopped out. my stop was
at 10.88. added at 10.76
[08:34 am] Kris : that’s fine mike. let me
check my orders.
[08:35 am] Kris : previous 52 week low was
10.85
[08:35 am] Kris : wanted to be over that
[08:36 am] Kris : 10.58 and 10.76
[08:36 am] Kris : I can see it on my daily
qwert[08:44 am] Kris : I complain to bert all
the time
[08:44 am] Kris : I know candelas
[08:44 am] Kris : I stopped out on AU on that
move up over 43.17 at 11:13am
[08:44 am] Kris : if you’re still short AU
you can have a stop over 43.35
[08:44 am] Kris : lol[08:45 am] Kris : “Did
you see XYZ bert? I posted to watch this for
a short and I forgot to even trade it!”
[08:45 am] Kris : you take a daily chart
[08:46 am] Kris : and it will give you the
exact value.
[08:46 am] Kris : look for the lowest
candle
[08:46 am] Kris : or you can draw a
horizontal line
[08:46 am] Kris : put your crosshair on that
candle and see what the low was
[08:46 am] Kris : run it back 365 days
[08:46 am] Kris : yes
[08:46 am] Kris : you can most times add that
to a watchlist or position window
[08:47 am] Kris : SPY trading in a 50 tick
channel the last hour
[09:04 am] Kris : mitch will have to answer
that one jsn13, I’m not swinging TNA
[09:10 am] Kris : SPY coming into support
here. watch for a bounce soon
[09:35 am] Brent : SPY testing trendline
resistance
[10:13 am] Brent : good eye on AGQ
joeytsa[11:00 am] Kris : SPY pushing to test
that last high, it breaks this and could test
hod around 118.
[11:33 am] Brent : nice bounce on HRBN
lightning, I passed too
[11:34 am] Brent : yeah those are tough
[11:46 am] Brent : watching WSM resistance
around 31.35
[12:00 pm] Brent : WSM hitting support here
if still short
[12:25 pm] Mitch K: sounds like a bullshort
in correction mode
[12:25 pm] Mitch K: you guys see gold down
over $100 or 5.3%?
[12:34 pm] Brent : SPY new hod[12:41 pm]
Mitch K: the chart on the left is a daily
chart, looks like a bullshort[12:42 pm] Mitch
K: thanks for the heads-up Rusty, now give us
about 5 of those a day
[12:43 pm] Mitch K: LPHI nice end of day
trade
[12:57 pm] Kris : Have a good one Matt
[12:57 pm] Mitch K: later guys
[01:00 pm] Kris : good night everyone. see
you tomorrow.
[01:02 pm] Brent : have a great night, see
you all tomorrow
[01:02 pm] Mitch K: later guys, you are all
funny people but we still love you
|
[06:10 am] ltacher : I did litle home work
.. last night here it is
…http://lh5.ggpht.com/-WF6GyLABxgw/TlRBYLt4
tZI/AAAAAAAALfs/kT5DqgxImPA/s1600-h/SPY60min%
25255B2%25255D.png
[06:12 am] joeytsa : UTHR seems to be the
mover of the morning..gapping up 10 points
[06:12 am] joeytsa : am reports : durable
goods came in good, 4.0 when 2.1 was
expected….crude oil inventories at
7:30pst
[06:14 am] joeytsa : for technicians…crude
in a rising wedge, SPY in a bear penance on
both the 30 minute and daily charts
[06:17 am] joeytsa : moody’s cut japans
rating
[06:20 am] candelas : so UTHR downgraded
[06:25 am] joeytsa : UTHR trying to come off
its lows
[06:25 am] doji : AKS upgraded by JPM
[06:35 am] mikewd2 -: Heineken warns of lower
second half, people drinking less beer
[06:35 am] joeytsa : BUD moving on Heineken
lowered forecasts?
[06:38 am] scalpman : Stopped out on TCK
[06:39 am] scalpman : Kris 2nd half AEO?
[06:39 am] mando : Remember that Housing #’s
come out in about 20 minutes. Watch your
stops!!
[06:39 am] joeytsa : CRM dropping
[06:40 am] ltacher : Kris are you out on
TCK
[06:40 am] anthonyb : short uthr 39.14
[06:41 am] leo : UTHR should out?
[06:41 am] anthonyb : also short rimm[06:44
am] joeytsa : great call on CERN !!!!
[06:45 am] doji : DANG no moving
[06:48 am] derns : Brent..are you still in
some in PANL?
[06:50 am] gecko : panl at double resist on
light chart 1m
[06:50 am] candelas : AZPN
[06:50 am] candelas : alert AZPN
[06:53 am] mhaus : CPK
[06:54 am] gecko : dji broke 11200
[06:54 am] derns : Mitch..that was me…
[06:55 am] ronfrac : Thanks guys. have to go
get my boat ready for Irene and it’s Boat)60
miles away
[06:55 am] mikewd2 -: really wish it was
coming towards texas[06:55 am] joeytsa :
good luck ron…hope all stays well
[06:55 am] gecko : wow good luck hurry
[06:55 am] doji : Mitch, any value in
BAC?
[06:56 am] doji : BAC flying
[06:58 am] eyes-inthenow : I sold all my BAC
after yesterdays info
[06:59 am] scalpman : Stopped on DANG
[06:59 am] neuronx : still in LULU
Kris>?
[06:59 am] doji : Bad move Eyes
[07:00 am] doji : Any news on housing?
[07:02 am] shark : BAC moving – Raymonda
James analyst trashing all the negative talk.
400B in reserves
[07:02 am] ltacher : mitch is AZPN is a
short potential
[07:02 am] joeytsa : doji..which housing
#’s? is it the OFHEO HPI m/m?
[07:02 am] joeytsa : crude oil inventories
at the bottom of the hour
[07:03 am] mikewd2 -: analyst stating that
BAC could more than triple
[07:03 am] joeytsa : that came in at .9%
when .2% was forecast
[07:04 am] mikewd2 -: thanks for LULU Kris
[07:04 am] mikewd2 -: sounds like a pump and
dump
[07:04 am] ltacher : kris are you still in
AMZN and AEO
[07:05 am] ltacher : thank you mitch ..
[07:05 am] joeytsa : PRGO looking strong
today
[07:05 am] joeytsa : do you mean confused,
Kris??
[07:05 am] garyb : Hi all….question….I’m
in TNA, and up like crazy…wondering if I
should take profits here or wait it out. Any
opinions?
[07:05 am] candelas : qwert u get azpn[07:06
am] qwert : nope just missed it azpn[07:06
am] neuronx : SNDK still in?
[07:06 am] ltacher : MY AA is doing very
well
[07:06 am] candelas : ur fave pattern
[07:07 am] doji : Garyb, I am holding my
TNA, it’s a swing trade
[07:08 am] ltacher : Out on My A
[07:09 am] garyb : Thank doji…..I know,
when you look at TNA and the profits it’s
tempting to sell it…but it may hit $48
tomorrow…Thanks doji!
[07:09 am] doji : In fact, I’ll add to TNA
in a pullback
[07:10 am] mikewd2 -: AGQ down 15, very
nice
[07:10 am] garyb : doji, what is your
average on TNA? Mine is $38.81…I have been
averaging up..started at $36
[07:11 am] ltacher : kris i took a short AEO
are you still in
[07:12 am] gecko : doji: u need a
strategy
[07:13 am] scalpman : Kris, did you add to
SINA?
[07:13 am] doji : This time I’ll hold it
with my stop at 40
[07:13 am] doji : Mine is 40.5 Garyb, I sold
yesterday and re-entree again before the
close yesterday
[07:14 am] gecko : doji set a target also
[07:14 am] garyb : Nice doji…well today
and tomorrow look positive. We shall see
what Friday holds with Bernanke. I will move
my stops up on Friday
[07:14 am] doji : 48 Gecko
[07:15 am] joeytsa : NEM just tumbling
[07:15 am] doji : Thanks Gecko for the
remainder
[07:16 am] joeytsa : we know the markets are
logical, but logically thinking, whether they
announce qe3 or not you would think gold
would have a pop
[07:16 am] gecko : tna/tza ema 5/15 flip
[07:17 am] joeytsa : no..only trading
it..not holding anything at the moment
[07:17 am] garyb : Thanks joey..are you in
TNA as well?
[07:17 am] eyes-inthenow : ovti ALErt[07:18
am] mbear : Great call SINA Kris
[07:18 am] ltacher : Nice trade Kris on Sina
I was just watching it
[07:18 am] joeytsa : if qe3 is
announced..gold might pop due to the $ being
devalued…qe3 declined then stocks would
probably get hit and gold go up..but who
really knows
[07:19 am] scalpman : All out CERN
[07:19 am] ltacher : AEO Dropping
[07:20 am] scalpman : Holding 1/4 SNDK L
[07:21 am] derns : AZPN finally made a
drop.
[07:24 am] mhaus : AU
[07:24 am] doji : Very small
[07:24 am] doji : Adding TNA
[07:31 am] neuronx : Mitch are you short on
AZPN>?
[07:33 am] scalpman : Stopped AU S
[07:33 am] lightning : watching APKT for a
long opportunity
[07:34 am] ltacher : stop in MHP
[07:34 am] joeytsa : crude inventories came
in at -2.2M when .7M was forecast
[07:37 am] scalpman : Kris, I was stopped on
AEO…what was your Stop?
[07:37 am] mbear : fslr[07:37 am] garyb :
tna, trendline support
[07:41 am] ltacher : wow was moving too
fast
[07:41 am] doji : Out RIMM in a blink?
[07:45 am] mbear : out FSLR long plus .70
[07:48 am] qwert : nice mbear[07:54 am]
qwert : kris are still short AU
[07:54 am] mbear : thanks qwert[07:55 am]
ltacher : just watching from a distance AMZN
is dropping hard
[07:57 am] ltacher : Nice drop in AEO
[07:58 am] doji : SPY looking for support,
same as TNA
[08:01 am] mikewd2 -: Kris, you looking for
bottom in SINA soon?
[08:03 am] qwert : wow should have stayed on
sina for 2nd helping
[08:03 am] neuronx : Kris you still in AU
>?
[08:04 am] garyb : TNA may bounce off of the
50 SMA
[08:05 am] gecko : sma 200
[08:07 am] mikewd2 -: SINA l 89.58
[08:08 am] scalpman : in at 89.45
[08:08 am] scalpman : Out 1/2 SINA L
[08:09 am] scalpman : SINA next Target
91.25
[08:12 am] leo : AU strong
[08:13 am] mikewd2 -: out SINA 91
[08:13 am] ltacher : AEO covering half ..
[08:13 am] scalpman : Out another 1/4 SINA L
@ .97
[08:14 am] scalpman : trailing up stop on
SINA L
[08:14 am] ltacher : nice scalpman[08:14 am]
scalpman : Must Break 91.08
[08:15 am] scalpman : Stopped final 1/4
[08:15 am] scalpman : Good one though,
Thanks Kris…
[08:15 am] mikewd2 -: nice work
scalpman[08:15 am] mikewd2 -: i will take
1.32 any day
[08:16 am] mikewd2 -: hit right below trend
line and heading down
[08:17 am] ltacher : AEO still dropping
[08:18 am] scalpman : Kris, if time, help me
with the stop on AEO. You are still in I
stopped at 1% red?
[08:20 am] scalpman : Perhaps, you gave
yourself more room with this…?
[08:20 am] ltacher : AA is dropping hard
[08:21 am] ltacher : going back up nice
AA
[08:22 am] scalpman : AEO was my only
significant RED on a $XXX Green Day.
[08:22 am] leo : Scalpman I was hit by AEO
hard too.
[08:23 am] mikewd2 -: thought you guys
shorted AEO?
[08:23 am] mikewd2 -: that was the call,
right?
[08:23 am] ltacher : AEO was a short guys
[08:23 am] leo : Now I am holding AU
short.
[08:24 am] scalpman : Yes AEO was an early
Short.
[08:24 am] ltacher : mikewd2 I think so
[08:24 am] leo : No Candelas, LIVE.
[08:24 am] candelas : Leo, u still on
sim?
[08:24 am] Brent : yes mikewd2, but some guys
may have took it long off the bottom. Kris
didn’t call that one though
[08:25 am] mikewd2 -: that’s what usually
happens when i go on my own call, also – i
lose
[08:25 am] ltacher : I am still holding few
shares
[08:25 am] leo : Thnx Candelas. Today is
red.
[08:25 am] candelas : keep share size
small
[08:26 am] candelas : or share size per
trade
[08:26 am] candelas : how many shares u
trading so far
[08:26 am] scalpman : I was Short AEO at
10.50 and actually side wide stop for the $10
stock. I was stopped at $10.79 almost 3%.
[08:27 am] mikewd2 -: i see scalpman, that
happened to me on TIN yesterday – good call
but the bounce up got me
[08:27 am] Brent : just a recommendation
scalpman. the high of day was 6 cents above
that , I had my stop at 10.87
[08:27 am] ltacher : just bought 1000 shares
f at 10.18
[08:27 am] leo : I traded 1/4 of my
capital.
[08:28 am] ltacher : out on F 10.25
[08:28 am] ltacher : let go F
[08:29 am] scalpman : Kris did you reenter
or just set a higher stop or “NO stop”? Not
complaining, just trying to understand
better.
[08:29 am] candelas : but how many shares
[08:30 am] scalpman : I actually set the AEQ
S stop near the open…I figured if it broke
that, than it might rebound strong,. I did by
a few cents and then began its downward
trend… 10.90 would have been the Ideal stop
in hindsight.
[08:32 am] scalpman : The opening idea on
AEO short and where to set the stop.
[08:32 am] scalpman : …but you mentioned
you were still in…
[08:32 am] ltacher : hey guys when you get a
chance what is .42c analysis you guys talk
about all the time ..thanks
[08:32 am] scalpman : I was stopped at
10.79
[08:33 am] mikewd2 -: thanks
[08:33 am] mikewd2 -: Kris, we are trying to
understand why you were not stopped out on
AEO short
[08:34 am] scalpman : Thanks Kris. the 10.88
was determined how?
[08:34 am] mikewd2 -: Your entry price?
[08:34 am] mikewd2 -: ok, if you have time
[08:36 am] qwert : kris do you keep that
info on the chart 52 week high/low
[08:36 am] ltacher : out on my AEO all
[08:38 am] scalpman : Well, that the
difference between the pros and us
amateurs….still my 10.79 was a good
“guess”….but costly.
[08:38 am] leo : OK, let’s look forward. I
hope more winners will come because I am in
red today.
[08:38 am] Kris : were you half or full
scalpman?
[08:39 am] scalpman : Still I can learn from
this…by checking the daily…and looking
for that last low which was 10.81….that
would have sufficed. So, this is good.
[08:39 am] derns : BAC moving up to 7.00
again
[08:40 am] scalpman : Kris…half size
[08:40 am] Kris : then you did fine, just
watch for solid resistance on the longer term
chart and give youself a few more cents over
it.
[08:40 am] scalpman : Actually, only 1/4
size, because I am trading only $12,000ish
[08:41 am] scalpman : Yes…
[08:41 am] scalpman : Very good.
[08:41 am] scalpman : I see it…
[08:41 am] Kris : that resistance will stand
guard over your stop
[08:41 am] Kris : it almost got me too, but I
waited for the fail before adding.
[08:42 am] scalpman : I follow…
[08:42 am] leo : Kris now what’s is the stop
for AU and it’s not looking good.
[08:42 am] Kris : wish I would have help out
longer for the market to come down like I
did.
[08:42 am] Kris : then it bumped my average
so I can move up my first target and I have
less to go before profit and moving my stop
down.
[08:42 am] Kris : make sense?
[08:43 am] candelas : actually u did Kris, u
said start looking for shorts
[08:44 am] qwert : anybody if you have a
minute can you explain how to add 52 week
high/ low on daily esignal[08:44 am] leo : I
see. I am still holding it. Thnx Kris.
[08:45 am] mikewd2 -: i can’t figure it out
on etrade pro either
[08:45 am] candelas : u were talking from
the gut
[08:45 am] Brent : “yes, that was a nice call
Kert, Thanks”
[08:46 am] mikewd2 -: i can add the 52 week
low to the postions window which works
[08:46 am] Brent : have a good night
anthonyb[08:46 am] anthonyb : See you all
tomorrow. Thanks all. Little better than
yesterday.
[08:48 am] mhaus : fmx[08:48 am] candelas :
.42 plus .08??
[08:48 am] Brent : lol[08:51 am] joeytsa :
they are almost as bad as analysts who
downgrade a company after its dropped 40
points
[08:51 am] joeytsa : is CNBC really just
getting on the Bakken bandwagon??
[08:52 am] jsn13 : Hey guys, anyone holding
TNA for swing trade? Will u all wait till BB
speaks on Friday and see what happen b4
closing ur position? Or have u guys closed ur
position juz now?
[08:53 am] mikewd2 -: depends on what happens
between now and friday talk
[08:53 am] ltacher : kris you thoughts on
RENN
[08:54 am] joeytsa : jsn13..i am not
currently long, but there is always a risk in
holding something through an announcement,
but if right you can get a nice payoff
[08:55 am] joeytsa : same thing with
earnings announcement….
[08:55 am] garyb : jsn I’m keeping my eye on
my TNA close…might get out tomorrow aft.
before announcement
[08:56 am] ltacher : Couth a nice fish AEO
thank you kris was a very good trade
[08:56 am] jsn13 : Mitch, Kris and Brent
what do u all think? Any idea?
[08:56 am] garyb : we’ll see how today and
tomorrow go on TNA
[08:57 am] ltacher : watching TCK
[08:58 am] lightning : S HANS
[08:58 am] joeytsa : friday i might look for
a weekly option straddle on something
volatile depending on premiums
[09:01 am] vans : etr strong today
[09:03 am] mhaus : Kris, he was asking about
TNA for swing
[09:03 am] Kris : any idea about what
jsn13?
[09:05 am] vans : sndk should rebound
soon
[09:05 am] ltacher : mhaus can i give you my
opinion
[09:06 am] joeytsa : well below the 2002
low
[09:06 am] joeytsa : this market is very
oversold based on the % of stocks above their
30wk ma…but that doesnt mean its over
selling
[09:06 am] joeytsa : almost as low as the
’08 lows
[09:08 am] joeytsa : we aren’t too far away
from an oversold buy signal on the
p&f chart though
[09:10 am] ltacher : guys Could Bernake send
stocks higher again with this QE3
[09:11 am] qwert : joey what is p&f
chart?
[09:11 am] joeytsa : qwert : point and
figure
[09:12 am] joeytsa : they reduce market
noise and you can see a switch really easy
[09:12 am] joeytsa : i use them just to get
a different view of things
[09:13 am] joeytsa : i mainly use them on
the overall market/indexs…sometimes on
stocks but not too often
[09:14 am] joeytsa : Mitch was giving a
lesson yesterday on looking at things from a
different perspective…
[09:15 am] qwert : never heard of that
[09:15 am] joeytsa : i have been also
studying the ichimoku cloud charts just for
something new
[09:16 am] joeytsa : they are available at
stockcharts.com for free
[09:17 am] qwert : okay thanks
[09:17 am] ltacher : Kris are you still
holding AU I considering small short since
went up 43.33 and back down
[09:18 am] Kris : no, I thought I posted that
I got stopped out on AU at 11:13 at 43.17
[09:19 am] ltacher : thank you
[09:19 am] Kris : [08:44 am] Kris : I stopped
out on AU on that move up over 43.17 at
11:13am
[09:23 am] vans : Anybody read about that
report that came out today awhile ago. Was
it good news. Should we expect a move back
up today or breaking the open to the down
side?
[09:23 am] ltacher : Gold is under attack
again ..I could imagine why AU was a
difficult trade
[09:25 am] rusty : HRBN negative article
out
[09:25 am] garyb : A russian rocket just
exploded…don’t know if that would affect
the stock market
[09:26 am] rusty : just saying
[09:26 am] rusty : earthquake yesterday and
up 300
[09:26 am] ltacher : garyb was lunched or
was an accident ?
[09:26 am] joeytsa : gar…in this market
anything can set it off haha[09:27 am] rusty
: The Russian space agency has confirmed the
Progress M-12M cargo ship was not placed in
the correct orbit by its rocket and fell back
to Earth.
[09:28 am] joeytsa : President Obama’s
approval rating down to 38%
[09:29 am] vans : Hope Allen West jumps into
the race in a couple months.
[09:30 am] ltacher : this was my best trade
by far ..tnx kris[09:30 am] lightning :
vans, don’t you mean Adam West?
[09:30 am] joeytsa : i have read some things
where democrats are hoping that Hillary will
run against Obama for the dem nod
[09:32 am] mbear : If interested look at the
GLL daily chart…looks like a typical swing
trade call from Mitch, gold may be heading
down for a few days
[09:32 am] doji : JSN13, I closed my
position in TNA when it hit 40.00…. won’t
wait for Bernake .speach…
[09:33 am] joeytsa : gold is
interesting…either a “bubble” breaking or
lots of profit taking b4 the jh meeting
[09:34 am] vans : What time is the speech so
we are ready to play it?
[09:35 am] vans : Was up nice on TNA then
the phone rang, My daughter, had to answer,
Lost most of the profit. SH—t
[09:35 am] jsn13 : Thanks for the
input….appreciate it…..
[09:35 am] joeytsa : not sure if that’s
eastern or Wyoming time
[09:35 am] joeytsa : bernanke supposed to
talk at 10am
[09:36 am] vans : Thanks, Not a play today
then.
[09:36 am] vans : 10 AM Thursday?
[09:36 am] joeytsa : friday[09:36 am] doji
: Van you are not the only one… I lost
money by not taking profits at the top
today
[09:37 am] vans : Easy to see a top when you
are at a bottom
[09:37 am] doji : That is right, at some
point I had my stop set at 43…. but then I
decided to hold my position
[09:38 am] ltacher : MA holding very well
[09:41 am] joeytsa : can’t find the
link..but read a really interesting theory on
how the economy wont grow due to the baby
boomers entering the savings/retirement era
as opposed to the investing side of things
like 15-20 years ago
[09:42 am] ltacher : I hope BAC holds above
6 dollar for little bit for a good trade
..
[09:43 am] lightning : where’s Mitch when we
need a little BAC tirade?
[09:44 am] joeytsa : putting on his hazmat
suit before he touches that one
[09:45 am] lightning : lol[09:46 am] ltacher
: lightning i was looking at the chart for
my two hours studying on BAC it needs to hold
support at 6 $ so i would traded at that
point in my personal opinion ..i won’t bet on
it and also was on CNBC last night
[09:46 am] eyes-inthenow : and I had 400
shares BAC
[09:47 am] lightning : I actually traded it
for a gain yesterday.
[09:48 am] ltacher : I thought so was going
down ..good for you..
[09:48 am] lightning : (short, though)
[09:49 am] lightning : but it is definitely
a short below $6 in my opinion
[09:49 am] doji : I had 1000 shares but sold
after the comments yesterday…. if I only
had a crystal balll…..
[09:50 am] ltacher : I don’t think it would
get that low but is too much risk for me with
any banks stocks but the one I like Citigroup
for a long trade
[09:51 am] ltacher : I am still watching C
for long term
[09:51 am] lightning : maybe not, but
yesterday’s low on BAC was 6.01. I agree C
is a better long to look for
[09:52 am] ltacher : C has global Exposure I
would traded as emerging play not as a bank
play ..just my opinion
[09:52 am] lightning : covering HANS here
for small gain.
[09:53 am] mhaus : Kris, how do you manage
to change the exchange from “default” to
“smart” or “ARCA” in NT7 for placing orders
with IB?
[09:57 am] ltacher : C before has 10:1
reversal i was holding it for 3 $ sold it
after the split @ 45 $ shares I being
watching it ever since ..and now is trading
at $ 2.74 after the split 27.52 very
inexpensive in my view
[09:58 am] ltacher : I am not getting in as
of yet i would wait for the next support area
on C
[09:58 am] lightning : little earthquake in
SF…didn’t feel all the big…maybe a
2-3.
[09:58 am] lightning : just another routine
rocker
[09:58 am] joeytsa : one in CO yesterday and
one in upstate NY yesterday also besides the
big one in VA
[09:59 am] mhaus : AGN
[09:59 am] joeytsa : CVD with a nice little
pop
[10:00 am] ltacher : F moving higher
[10:03 am] ltacher : Mitch Your thought os
DIG
[10:04 am] mhaus : RIMM
[10:07 am] joeytsa : AGQ with a another big
tumble
[10:15 am] joeytsa : i still see silver as a
longterm bull market once things shake out
[10:16 am] joeytsa : CLH hod[10:17 am] vans
: etr hod[10:18 am] vans : aeo wants to pull
back soon
[10:29 am] qwert : mhaus thanks for rimm
drop in the bucket
[10:30 am] vans : nice ride though
[10:30 am] vans : Forgot to move up my Fixed
Profit on etr, out darn it
[10:31 am] lightning : S RIMM
[10:41 am] mhaus : IDCC dropping
[10:42 am] lightning : covering 1/2 RIMM
[10:44 am] lightning : DANG on dang fire
[10:53 am] mhaus : qwert, every drop helps
fill the bucket 🙂
[10:55 am] mhaus : Bad Dog! Dog eats $10,000
worth of diamonds.
http://today.msnbc.msn.com/id/44254505/ns/tod
ay-today_pets_and_animals/t/dog-eats-worth-di
amonds/?gt1=43001
[10:55 am] lightning : covered rest of RIMM
short. little ka-ching[10:56 am] qwert : i
was with u lightning both ways on rimm[10:58
am] lightning : ka-ching x 2
[11:02 am] mhaus : Japanese find millions in
lost tsunami cash – and return it
[11:03 am] mhaus : That is 30M Dollars,
lightning
[11:03 am] mhaus : not YEN
[11:03 am] lightning : Good. I think I lost
100 million yen.
[11:04 am] mhaus : Sorry, you are out of
luck
[11:04 am] lightning : RIMM faked me out of
the short.
[11:04 am] lightning : lol. Oh well.
[11:05 am] mhaus : not to worry. you will
make it up in the Trading Room
[11:05 am] mhaus : Amen!
[11:05 am] lightning : mhaus, may we both
make $30 million here!
[11:07 am] ltacher : TIN Holding well
[11:10 am] ltacher : Mitch I being watching
VCI i see in your Weekly report is a open
price at 22.86 is already trading at 23.68 is
it too late to get in VCI
[11:15 am] ltacher : in TCK long 40.17
[11:24 am] lightning : watching HRBN for a
long opportunity…at some point.
[11:25 am] garyb : TNA is like a rubber ball
today, bouncing all over the place
[11:28 am] lightning : i am going to pass on
HRBN. Don’t like the spread of .10-.15
[11:28 am] doji : Are you still in TNA
Garyb?
[11:29 am] rusty :
http://seekingalpha.com/article/289550-harbin
-electric-who-allegedly-doctored-saic-reports
[11:29 am] lightning : and that too.
[11:30 am] ltacher : Kris question the list
of stocks that you go through every morning
did you trade any of this long list you had
this morning
[11:30 am] garyb : Yes doji … I have hope
to see a little life out of it yet!
[11:33 am] lightning : Thanks, but I didn’t
trade it. Spreads of about 1% are not in my
comfort zone.
[11:34 am] vans : SODA trying to go lower
[11:36 am] qwert : awesome
[11:36 am] eyes-inthenow : up 200
[11:36 am] eyes-inthenow : Better than
Yesterday that is for sure
[11:37 am] rusty : HRBN responds to blog
posting
[11:37 am] rusty : HRBN news
[11:37 am] doji : Just came back from a
meeting
[11:38 am] rusty : HRBN
[11:38 am] rusty : “As I have mentioned
before, we fully expected that die-hard short
sellers would continue to try and create
opportunities to make money for themselves to
the detriment of the large community of loyal
shareholders of the Company as we get closer
to the expected completion of the pending
going private transaction,” said Mr. Yang
Tianfu, Chairman and CEO.
[11:41 am] joeytsa : BTU hitting new
highs
[11:42 am] doji : not a good day for me in
the trading… flat, sold TNA…
[11:43 am] ltacher : went up 46
[11:43 am] ltacher : dogi what price did you
sell it
[11:43 am] garyb : you sold it at 40?
[11:43 am] doji : When?
[11:43 am] doji : I had my stop at that
price
[11:43 am] doji : 40
[11:44 am] doji : It went up to 43.6
[11:44 am] ltacher : yeah sorry 43
[11:44 am] garyb : maybe Itacher is
referring to the end of day today! ;
[11:45 am] ltacher : did you take a loss on
the trade
[11:45 am] doji : Yes, small one
[11:45 am] doji : Yes, and then I will ask
myself how dumb I was
[11:48 am] ltacher : you make it up ..TNA is
moving very fast and all over the place very
difficult unless you got it at 36 -39 range
price to see the quick profit ..i haven’t
traded it since last week ..I like Uppro is
not as V as TNA
[11:48 am] doji : Not good handling my
positions when they come against me
[11:49 am] garyb : TNA is like a wild bull!
And it’s easy to get thrown off!
[11:49 am] doji : Yeah, I got TNA yesterday
at 36.5 and sold it at 40 and then get it
back at 40.4 and closed today at 40.0
[11:49 am] doji : I should have held TNA at
36.5
[11:50 am] ltacher : some action this
morning dogi but then it die out .. i call it
money flow
[11:50 am] ltacher : good over you are +
correct ?
[11:50 am] garyb : and the thing is….when
the market recovers a bit the stock will
fly…maybe go to 60 or more so that is why
I’m hanging in there
[11:50 am] doji : Same with BAC I closed
yesterday after the comments here at 6.2
[11:52 am] joeytsa : nic call on WSM Brent
!!!
[11:53 am] lightning : I shorted WSM too
(30.87)
[11:53 am] joeytsa : small move
[11:53 am] joeytsa : in and out…25cents
[11:53 am] Brent : nice, good job
[11:53 am] Brent : did you get it joeytsa?
wasn’t expecting it to drop as I was
typing
[11:54 am] ltacher : watch this stock dogi I
like it ..TCK i did alot of research pst week
i found this interesting …it always move
with the market take look see your
thoughts
[11:54 am] joeytsa : i took a chance on WSM
when i saw the 1st red bar…kept a tight
stop just in case i was wrong
[11:55 am] qwert : spy trying to break out
again
[11:58 am] vans : SPY at trip;le top
[11:58 am] ltacher : the chart looks like is
making a head and shoulder in one min chart
and look at the one min bar
[12:00 pm] lightning : yep, just covered
WSM. Thanks, Brent.
[12:00 pm] Brent : nice work lightning
[12:02 pm] ltacher : three o’clock
approaching a reminder
http://www.youtube.com/watch?v=4kyWH8eWP8M
[12:05 pm] candelas : tank u Bwent[12:06 pm]
candelas : lol[12:06 pm] Brent : yor
wellkome[12:10 pm] joeytsa : hope you all
have a great rest of the day..good trading to
all
[12:13 pm] ltacher : made my final decision
i got VCI for a swing trade
[12:15 pm] doji : SPY breaking resistance
[12:16 pm] ltacher : lol[12:16 pm] ltacher
: Holding my TCK
[12:16 pm] lightning : lol[12:16 pm] doji :
Needs to break 118 to further move up
[12:17 pm] stevemld : SPY another assault on
118
[12:22 pm] mhaus : rimm again
[12:24 pm] vans : anybody sleeping on TNA
[12:24 pm] qwert : watching fosl[12:24 pm]
mhaus : No, but it sure woke me up!
[12:24 pm] mbear : BAC broke $7
[12:24 pm] ltacher : mbear i see BAC wow i
cannot believe it
[12:24 pm] garyb : yes I have TNA vans
[12:25 pm] vans : I make so much playing tna
and tza that I am afraid to sleep on them
[12:25 pm] mbear : Itacher – got BAC for a
long swing this morning, hoping to get out
around $9 within a few days/weeks
[12:25 pm] lightning : yes. my fillings are
worth much less today than yesterday
[12:26 pm] ltacher : nice mbear ..
[12:27 pm] mikewd2 -: silver down almost 3
bucks, very nice
[12:27 pm] ltacher : mbear at what price you
got BAC
[12:28 pm] stevemld : market banking on QE3
might be ugly if they don’t at least hint
[12:28 pm] ltacher : I got VCI Mitch
..liking it so far
[12:28 pm] doji : BAC broke 7
[12:30 pm] ltacher : doji nice …
[12:30 pm] doji : Thanks Itacher… a little
risky but worthy
[12:30 pm] doji : Got TNA 42.0, sold at
42.9… that made my day…. Thanks!
[12:31 pm] vans : OK, that settles it for
me. I will keep trading the TNA TZA days,
much more secure profit and always long in
one of them. miss some but sleep at
night.
[12:31 pm] ltacher : hey the market is all
about risk and management good job
parter[12:31 pm] doji : Do you mean
daytrading TNA and TZA Vans?
[12:32 pm] vans : They do swing
[12:32 pm] vans : averaging 1% account
growth a day, but only using 25% of
account.
[12:32 pm] lara : Mitch, you were right on
with TNA reaching 42 or 43 today!
[12:32 pm] doji : and not swings
[12:33 pm] ltacher : better yet Tarzan and
Land of Giants 1 of 2
[12:34 pm] ltacher : My tarzan is UPRO is
trading at 52
[12:34 pm] doji : Here it comes the SPY
again
[12:35 pm] garyb : if we have another plus
day
[12:35 pm] garyb : Hoping TNA can hit 45
tomorrow
[12:37 pm] vans : If GLD legs down to 168
tomarrow, will be a nice play
[12:37 pm] stevemld : really nice run by
CLF
[12:37 pm] ltacher : Mitch your VCI look
yami-
[12:38 pm] ltacher : vans you think they
will be more down days for gold I am trying
to trade DZZ is the reverse to gold but is
under 5 don’t like those
[12:39 pm] rusty : LPHI radar
[12:40 pm] ltacher : rusty short or long
thanks
[12:40 pm] ltacher : loving my UPRO
[12:41 pm] rusty : hate to sound simplistic
but long when its oversold and short into a
bounce
[12:42 pm] rusty : lol[12:42 pm] ltacher :
mitch has it in the screen thank you rusty
[12:43 pm] vans : Stand to reason if market
is improving then gold will see people leave,
grudgingly. but with friday speech coming, I
wouldn’t go against gold now.
[12:43 pm] rusty : been slim pickens lately
I will try better
[12:44 pm] ltacher : thank you vans for your
intake awesome
[12:45 pm] vans : wish everyday was like
today, mostly slower and predictable. CMG
option working well
[12:46 pm] Mitch K: is stevemld here?
[12:46 pm] ltacher : C is at 28
[12:47 pm] vans : missed LPHI, didn’t see
post
[12:47 pm] vans : abx flying
[12:47 pm] rusty : ltacher most of the time
my trades are counter to the trend…so radar
on a falling stock = playing for bounce
[12:47 pm] rusty : especially if its falling
hard and fast
[12:47 pm] neuronx : Mitch are you short on
LPHI>?
[12:48 pm] vans : abx near resistance
[12:48 pm] neuronx : ok tks[12:48 pm] Mitch
K: no neuro[12:48 pm] Mitch K: no
[12:48 pm] Mitch K: but its a pretty good
idea
[12:49 pm] neuronx : I think is
unpredictable now >@
[12:49 pm] ltacher : rusty so falling wedge
s a bounce
[12:51 pm] ltacher : Signal double bottom
double top etc[12:53 pm] rusty : all i use
on these trades is one minute candles and
volume (and a quick glance at daily support
resistance)
[12:53 pm] ltacher : I have to find some
shares for LPHI
[12:54 pm] ltacher : isn’t Short
[12:54 pm] candelas : heads up 6 min. before
close
[12:55 pm] Mitch K: you been doing good?
[12:55 pm] Mitch K: hey how has it been going
candles?
[12:55 pm] ltacher : I pass on LPHI ..i will
watch it for tomorrow
[12:55 pm] candelas : very well Mitch
[12:56 pm] Mitch K: your trading getting
better?
[12:56 pm] Mitch K: oh, nice
[12:56 pm] Mitch K: lol, well he can’t help
it.
[12:56 pm] Mitch K: is Kris still abusing
you?
[12:56 pm] lightning : Thanks TSA and
everyone. See you tomorrow
[12:56 pm] candelas : very very
consistent
[12:56 pm] candelas : ur right
[12:56 pm] candelas : every second ‘
[12:57 pm] Mitch K: much better, exercising
more, a lot more swimming. Got a huge pool
in the back and i hardly use it
[12:57 pm] Mitch K: he was abused as a
child
[12:57 pm] lisas : Bye Mitch, thanks!
[12:57 pm] candelas : lol[12:57 pm] candelas
: how is ur back?
[12:58 pm] stevemld : good day guys thanks
to everybody
[12:58 pm] Mitch K: the problem is we sit so
much,
[12:58 pm] Mitch K: thanks ltacher[12:58 pm]
Mitch K: i ordered a custom table to stand up
and work on computers
[12:58 pm] ltacher : good night mitch thank
you for helping us you are the best
[12:58 pm] garyb : Mitch…I had a horrible
back…now I use this stuff and it’s like a
miracle! Voltaren…try it out!
[12:58 pm] candelas : if u did not have pool
u would swim everyday
[12:58 pm] candelas : exactly
[12:59 pm] stevemld : ok
[12:59 pm] rusty : lol, the more I sit, the
more I become shaped like a pear
[12:59 pm] Mitch K: what length of holding
time do you guys want for swing trades?
[12:59 pm] Mitch K: hey stevemld, i had a
question for you, or anyone
[01:00 pm] staz : In this market, 2 days
[01:00 pm] neuronx : 1 week
[01:00 pm] Mitch K: you guys are traders more
than the mass of population but ok, i got the
picture 2 days to 2 weeks. now i know what
to do
[01:00 pm] mikewd2 -: nice day, 4 for 4
[01:00 pm] mhaus : 1 day, over the weekend
and 3 days for me
[01:00 pm] garyb : longer if the trade is
going well
[01:00 pm] garyb : 2 weeks
[01:00 pm] candelas : or 2 weeks most
[01:00 pm] Mitch K: ok, 2-6 days, i like
that
[01:00 pm] candelas : 2-6 days
[01:01 pm] stevemld : it will cap off a
great trading room mitch impatiently
waiting
[01:01 pm] rusty : look forward to it mitch,
thx
[01:01 pm] Mitch K: yeah sorry steve, it’s
really been a complicated process
[01:01 pm] ltacher : Kris thank you for your
r graeat help
[01:01 pm] lisas : Bye Kris, Thanks for the
great calls!
[01:02 pm] hawaii : 2-6 would be great thank
you team
[01:02 pm] Mitch K: sure candles
[01:02 pm] Mitch K: hey hawaii, what island
do you live
[01:02 pm] Mitch K: great to here gary
[01:02 pm] Mitch K: Gary, this is the slow
team
[01:02 pm] ltacher : Brent thank you good
night
[01:02 pm] leo : Thank you Mitch, Kris,
Brent and all. Have a nice day.
[01:02 pm] garyb : Mitch…First couple of
days in the trading room…love it!
[01:02 pm] garyb : lol..but a fun team I can
see!
[01:02 pm] candelas : thanks a million
Mitch
[01:03 pm] lisas : Thanks all, Mitch, Brent,
Kris, and room members. Hope to see you
tomorrow, may have to race a hurricane to New
York, lol[01:03 pm] hawaii : oahu[01:04 pm]
observer : Thx, Mitch, Kris,Brent, Traders.
Had winners on AMTD SNDK TCK QCOR UTHR
CERN
[01:04 pm] Mitch K: you know i go to Maui for
about a month each year? i think I’ll try
Kona next time. When I was in Maui in
February, I usually call a couple of
subscribers from our database and see if they
need any help but they weren’t home and never
returned calls. Must have thought it was a
telemarketer
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