[06:25 am] Ed : good morning
[06:30 am] Ed
: monitor SINA
[06:33 am] Ed : monitroing
KFT no hurry
[06:34 am] Ed : monitoring
AMZN on this pullback
[06:35 am] Ed :
monitoring ACN for short no hurry
[06:37
am] Ed : CRZO look for long 27.30 with STRONG
vol
[06:37 am] Ed : very weak
[06:37
am] Ed : on BIDU see how reacts to 112
area
[06:41 am] Mitch K: watching PCAR for
top to short
[06:41 am] Mitch K: watching
CLF for bottom
[06:42 am] Mitch K:
watching TFM for bottom
[06:42 am] Mitch
K: watching ROK for bottom to buy
[06:42
am] Mitch K: watching ABM for top on this
rebound
[06:42 am] Mitch K: watching for
top in AIG to short on this rebound; more
advanced trade
[06:43 am] Mitch K:
watching APOL for top to short
[06:43 am]
Mitch K: watching PAY for top to short,
rebounding now, take time
[06:44 am] Ed :
thats BIDU short
[06:44 am] Ed : would
cover some BIDU here
[06:44 am] Mitch K:
watching BIDU for bottom
[06:45 am] Mitch
K: watching CTXS for top to short
[06:47
am] Mitch K: watching VMED for top
[06:47
am] Mitch K: watching WDC for top to
short
[06:48 am] Mitch K: monitoring SSRI
for bottom
[06:49 am] Mitch K: MJN best
chart so far this morning, SSRI is going to
be good too but more difficult because low
priced stock
[06:49 am] Mitch K: watching
MJN for bottom
[06:53 am] Mitch K: VMED
toppy
[06:53 am] Mitch K: watching YELP
for bottom to buy
[06:54 am] Mitch K:
consider gradually covering AIG
short
[06:57 am] Mitch K: watching CTSH
for quick short, little late
[06:58 am]
Mitch K: watching WXS for short, more
downside, late to post
[07:01 am] Ed : SPY
new hod
[07:05 am] Mitch K: watching PAY
closely if new low. if it has new low,
should have further drop
[07:05 am] Ed :
if u took SINA long on break would
reduce
[07:06 am] Mitch K: watching SHLD
for 2nd helping hsort, missed first
short
[07:06 am] Mitch K: if PAY holds
here then start covering short
[07:11 am]
Mitch K: consider covering some ABM
[07:11
am] Mitch K: no buy to cover on ABM
either
[07:11 am] Mitch K: no sell signal
on ROK yet
[07:13 am] Mitch K: BIDU bounce
probably fails again here
[07:17 am] Ed :
SPY sitting at highs
[07:18 am] Mitch K:
watching for short on TNGO soon
[07:20 am]
Mitch K: cover ABM short
[07:27 am] Mitch
K: cover YELP if you shorted top of the
bounce
[07:28 am] Mitch K: watching to
cover TNGO short
[07:35 am] Mitch K: no
sell signal on ROK yet
[07:35 am] Mitch K:
try best price
[07:35 am] Mitch K: cover
TNGO short
[07:36 am] Mitch K: anyone
still long ROK?
[07:36 am] Mitch K: big
moves in EURUSD both ways, index futures
also
[07:37 am] Mitch K: getting early
sell signal in ROK
[07:41 am] Mitch K:
sell signal on ROK
[07:42 am] Mitch K:
want to see some cool charts?
[07:44 am]
Mitch K: 3rd chart from left is ES
[07:44
am] Mitch K: not much more downside on
TNGO
[07:44 am] Mitch K: 2nd chart from
left is the German Dax index
[07:44 am]
Mitch K: chart on left is TNGO in real time,
all are in real time
[07:45 am] Mitch K:
are you trying to go long TNGO doji or
covering short?
[07:45 am] Mitch K: look
at this Forex chart, what a beautiful looking
thing
[07:45 am] Mitch K: and the fourth
chart, is EURUSD
[07:46 am] Mitch K: what
ive been saying you dont have to panic buy or
panic sell when you get a signal in stocks
for sure. forex and futures you do have
to react sooner
[07:46 am] Mitch K: thats
the ROK long called earelier
[07:46 am]
Mitch K: let me show you ROK
[07:47 am]
Mitch K: sell signal in EUR on far
right
[07:47 am] Mitch K: or
14.64
[07:47 am] Mitch K: 15.64?
[07:47
am] Mitch K: there is your buy signal in
TNGO
[07:50 am] Ed : higher highs on
SPY
[07:52 am] Mitch K: like ive been
saying you want to switch back and forth
between 1 and 2 min for stocks
[07:53 am]
Mitch K: general rule is new lows below the
previous low is a stop
[07:53 am] Mitch K:
this is 2 min
[07:53 am] Mitch K: this is
1 min
[07:54 am] Mitch K: the reason why i
asked you doji if you were covering a short
vs. buying long about 15 min ago…… common
sense told me that there is something going
wrong with the company, TNGO and much more
caution should be taken.
[07:55 am] Mitch
K: nice trade rusty
[07:55 am] Mitch K:
there is something wrong at the
company. it is also a lower priced
stock which is another red flag to
me.
[07:55 am] Mitch K: this wasnt a
normal drop and pop trade idea that we see
every morning
[07:57 am] Mitch K: you
should be out of that long trade in TNGO
based on the sell signal
[07:57 am] Mitch
K: your 14.64 market order floated all the
way up the top of that candle
[07:57 am]
Mitch K: also, like ive said quite a few
times now, when you get a signal, you should
be putting in a limit order, for sure on
forex and futures. and on a high volume
stock like TNGO always good idea with limit
order
[08:04 am] Ed : slight pullback in
SPY
[08:08 am] Mitch K: look at that
movement on far right chart.
EURUSD. since i posted this chart the
short appeared and that big drop
[08:14
am] Mitch K: percentagewise, that is a pretty
big move, 80 cents on a $13 stock, close to
6%
[08:14 am] Mitch K: this is the kind of
behavior of a good long scalp you want to
see, pretty good volume and 4-5 strong
candles in the green
[08:15 am] Mitch K:
far left chart
[08:15 am] Mitch K: we are
talking about TNGO
[08:15 am] Mitch K:
looks a little weak to me
[08:17 am]
Mitch K: first time ive looked at it
today
[08:17 am] Mitch K: this is FSLR on
left,
[08:18 am] Mitch K: 1 min gives
early sell signal but i watch both
charts
[08:18 am] Mitch K: this is 2 min
chart on FSLR stock chart, left chart, let me
switch t 1 min
[08:18 am] Mitch K: this
isnt a recommendation guys, just
watching
[08:19 am] Mitch K: maybe $19.70
area to cover?
[08:19 am] Mitch K: i dont
see much profit in FSLR short myself, maybe 1
%
[08:19 am] Mitch K: now you have a sell
signal on 2 min
[08:20 am] Mitch K:
fyi
[08:20 am] Mitch K: byi
[08:20 am]
Mitch K: there is ROK
[08:21 am] Mitch K:
this is ROK long posted earlier
[08:21 am]
Mitch K: this is the ABM short posted
earlier
[08:23 am] Mitch K: this is the
SHLD idea posted earlier
[08:23 am] Mitch
K: watching BIDU
[08:23 am] Mitch K:
followed through on the downside at
opening
[08:23 am] Mitch K: this is the
short on MJN we wanted from yesterday.
some of you shorted last 30 min of this
yesterday
[08:24 am] Mitch K: here is
Rusty’s short on PWER
[08:24 am] Mitch K:
it was 2nd helping short idea on
SHLD
[08:25 am] Mitch K: at 809am pacific
time, lets zoom in
[08:25 am] Mitch K: so
you covered around $6.85 on PWER
rusty?
[08:26 am] Mitch K: in that candle
you covered PWER
[08:27 am] Mitch K: you
guys getting this?
[08:28 am] Mitch K: 2
min
[08:28 am] Mitch K: 1 min chart on
FSLR
[08:28 am] Mitch K: its just human
performance vs. computer
performance
[08:30 am] Mitch K: around
here you shorted PAY where my cross hair is
qwert
[08:31 am] Mitch K: is this a 2nd
helping of PAY short qwert?
[08:32 am]
Mitch K: watching IOC for top to
short
[08:33 am] Mitch K: but prob has a
signal on 1 min, let me check
[08:33 am]
Mitch K: not ready yet
[08:33 am] Mitch K:
we are in microtrade mode, this is IOC on
left chart, 2 min
[08:34 am] Mitch K: i
got to take this down soon so i can work on
it with programmer, he is waiting
around
[08:34 am] Mitch K: 1 min chart of
IOC on left
[08:37 am] Mitch K: 2 min on
PWER on left
[08:38 am] Mitch K: look at
these moves in EURUSD
[08:39 am] Mitch K:
now that is a lot of money, profit potential
very large on that instrument alone
[08:39
am] Mitch K: this is all this
morning
[08:40 am] Mitch K: this is
EURUSD
[08:40 am] Mitch K: wait a second,
that was crude oil, sorry about
that
[08:41 am] Mitch K: i got to take
this down and work on this, talk to you guys
later
[08:41 am] Mitch K: still good moves
for EUR
[08:45 am] Mitch K: PWER gave buy
signal for anyone short
[09:04 am] Ed :
SPY new hod
[09:16 am] Mitch K: hey doji,
you want a mulligan with TNGO long?
[09:40
am] Mitch K: watchign AIG for top
[09:40
am] Mitch K: lisa di dyou see those futures
and forex chart i showed earlier
[09:41
am] Mitch K: first glance AIG should give
close to 1% or 30 cents on this short, just
guessing
[10:03 am] Mitch K: early buy
signal on AIG here
[10:03 am] Mitch K: AIG
can get into a mode of giving out some really
good trades. goes in cycles but when it
is pumping them out, it is a real good
trading stock
[10:04 am] Mitch K: im
speaking in terms of a closing transaction,
covering a short
[10:04 am] Mitch K: in
fact, i’d take this to cover, odds are it
bounces
[10:07 am] Mitch K: common sense
thought: if AIG gets down toward 34.50
or even lower, should be good bounce.
really should give decent long bounce on this
bottom
[10:07 am] Mitch K: i was watching
on a 1 min chart, which is a little too
sensitive, 2 min will get you more money over
time. as AIG is proving that
now
[10:08 am] Mitch K: id be looking for
a 1% trade on long side, prob make 1%, 30-35
cents
[10:08 am] Mitch K: the lower it
goes the better the bounce
[10:10 am]
Mitch K: hope you found shares of TNGO to
short
[10:10 am] Mitch K: just because i
post it does not mean it is ready
[10:10
am] Mitch K: this is a 1 min chart
[10:10
am] Mitch K: ok here you go. looking at
AIG for a long entry
[10:12 am] Mitch K:
you see that buy signal right?
[10:13 am]
Mitch K: you try for best price, limit orders
below current price.
[10:21 am] Mitch K:
thats hardly even a consolidation
[10:21
am] Mitch K: AIG is not struggling
mike
[10:22 am] Mitch K: ok now you have a
sell
[10:23 am] Mitch K: i like to start
selling on limit orders on this candle right
here when it goes flat, gradually
selling
[10:37 am] Ed : started
yesterday
[10:37 am] Ed : missed the nice
bull cup breakout in LNKD
[10:47 am] Ed :
Advanced trade would monitor the 700 area on
GOOG
[10:58 am] Ed : higher highs on
AAPL
[11:11 am] Ed : or both
[11:11 am]
Ed : or profit taking
[11:11 am] Ed :
getting some selling in SPY
[11:44 am] Ed
: new hod AMZN
[11:47 am] Mitch K: no
money in AMZN short chingo
[11:52 am] Ed :
yep there u go doji
[11:55 am] Ed : SPY
looks like another move higher
[11:58 am]
Ed : SPY rejected at horizontal
resistance
[12:41 pm] Ed : no time left
thoguh
[12:41 pm] Ed : nice move in
FIVE
[12:59 pm] Ed : have a great evening
traders
| [06:22 am] lisas : gm all
[06:22 am]
joeytsa : Good morning Ed,
everyone
[06:22 am] shark : gm all
🙂
[06:22 am] mikewd2 -: good
morning
[06:23 am] joeytsa : ISM
non-man mpi@7pdt, nat gas @ 7:30pdt,crude inv
@ 8pdt
[06:24 am] qwert : Good
morning everyone
[06:24 am] mikewd2 -: oil
up 1.54
[06:24 am] qwert : gap up,
mw, shld, gold
[06:24 am] joeytsa :
gap up:
SHLD,GOLD,SNKD,CALL,MIND,UTIW
[06:24 am]
doji : Good morning
[06:25 am]
joeytsa : gap down:
WCRX,STX,CACC,OCZ,PAY,
[06:25 am]
khall : good morning all
[06:26 am]
qwert : Gm Ed
[06:26 am] mikewd2 -:
looks like strong opening, plus cowboys
won!
[06:26 am] shark :
yeah
[06:26 am] joeytsa : draghi
suppsed to speak at 9:30 pdt
[06:26 am]
shark : thx, joey
[06:27 am]
chinhngo : good morning
[06:27 am]
joeytsa : ES range 1407-1413
[06:28
am] doji : Mike, see oil is rallying
but not taking the oil stocks with
it
[06:28 am] shark : wow
[06:28
am] mikewd2 -: several are up, MUR,
SLB
[06:29 am] doji : That is
pre-market, I don’t trust the move, have to
see once the market opens
[06:29 am]
mikewd2 -: right, i get burned most times i
go in premarket
[06:29 am] joeytsa :
MUR has trade 1.5k shares
[06:29 am]
mikewd2 -: amateur hour they say
[06:29
am] joeytsa : 1200 on 1 trade
haha
[06:29 am] mikewd2 -: nice vol on MUR
joey –
[06:31 am] doji :
PCLN
[06:31 am] doji : big
gap
[06:31 am] doji : $7
[06:31
am] mikewd2 -: SINA at resistance
pivot
[06:31 am] joeytsa : ES moving
up..easy trade
[06:31 am] mikewd2 -: oils
booming
[06:32 am] doji :
?
[06:32 am] mikewd2 -: nice jump $1 on
SLB
[06:33 am] joeytsa : watching
PRU
[06:33 am] doji : Did you swing
it Mike?
[06:33 am] mikewd2 -:
no
[06:33 am] mikewd2 -: i know people
that work for SLB, so don’t trade –
haha
[06:33 am] mikewd2 -: nice
PRU
[06:34 am] doji : Waiting for a
pullback to get it, not now
[06:34 am]
mikewd2 -: LVS
[06:34 am] ben4givn :
AVAV
[06:35 am] mikewd2 -: doji: hal
report wasn’t that bad – international was
booming for them
[06:37 am] joeytsa
: PAY trail up
[06:37 am] doji :
Nice move in PAY
[06:37 am] mikewd2 -: MUR
still moving
[06:37 am] mikewd2 -:
APA
[06:37 am] doji : SPY over
1%
[06:38 am] mikewd2 -: UVXY tanking,
stay away – will do a reverse split
soon
[06:39 am] skydiver : thnx
mike
[06:40 am] joeytsa : BIDU
trying to hold $110
[06:41 am] qwert
: Watching MCD
[06:41 am] shark :
yeah BIDU watch
[06:42 am] doji : FB
very strong
[06:42 am] doji :
Watching MCP
[06:42 am] joeytsa :
SINA lost $59
[06:43 am] mikewd2 -: CJES
moving
[06:43 am] rusty : FB
radar
[06:43 am] doji : Watching
APPL
[06:43 am] shark : AAPL filling
gap towards b/e
[06:43 am] mikewd2 -:
WLT
[06:45 am] doji : Anyone long in
FB? Was witing for a pullback that never
happen
[06:45 am] joeytsa : not me
doji
[06:46 am] doji : Watching
WFT
[06:47 am] joeytsa : 1416-1419
ES range, watching for a break either
way
[06:48 am] mikewd2 -: nice vol spike
CJES
[06:49 am] joeytsa : looked
like a sell vol mike
[06:50 am]
rusty : DSCO radar
[06:50 am]
mikewd2 -: i just dumped some
[06:50 am]
rusty : + analyst comments
[06:50
am] mikewd2 -: mostly up vol joey
[06:50
am] joeytsa : see if SNDK holds $43 for
next up move
[06:50 am] joeytsa :
hmm, mine shows a huge red vol bar
[06:51
am] joeytsa : equalled half the total
vol? so far
[06:51 am] mikewd2 -: think
that meant it closed at lower
[06:51 am]
mikewd2 -: right
[06:51 am] joeytsa
: right
[06:51 am] doji :
len
[06:51 am] mikewd2 -: 54k up, 4k
dwn
[06:51 am] doji : What is
that?
[06:52 am] doji :
profits?
[06:52 am] eyes : S CLF
33.81
[06:52 am] mikewd2 -: WFT
L
[06:52 am] doji : Want more
pullback in WFT
[06:52 am] doji : to
close to 12
[06:52 am] mikewd2 -: 12.05,
wanted to get closer to 12
[06:53 am]
shark : BIIB breaking to 52wk hi, big
vol
[06:54 am] shark : watching SHLD
-for poss lod break
[06:55 am] doji
: WFT looks weak vs. SLB, HAL, BHI
[06:57
am] eyes : stoped .98 CLF
[06:58 am]
doji : Is it me or the market is
slow?
[06:58 am] joeytsa : ES dbl
top at 1419.25
[06:58 am] shark :
BIDU
[06:59 am] doji : Watching
ARNA
[06:59 am] ben4givn : long AVAV
@ 22.15
[07:01 am] joeytsa : quick
pop on the ISM #
[07:01 am] doji :
DOW 165 points up
[07:01 am] shark :
wow
[07:01 am] joeytsa : just dont
forget that the dow is only 30
stocks
[07:02 am] mikewd2 -:
FSLR
[07:02 am] doji : Yes, and
Market Watch as usual jumping around
it
[07:02 am] doji : FSLR
[07:03
am] doji : Not chasing FSLR
here
[07:03 am] mikewd2 -: WLT
[07:04
am] joeytsa : tighten CLF
[07:04 am]
shark : LULU strong (earnings
tomorrow)
[07:04 am] doji : agg
missed moce in MCP
[07:05 am]
joeytsa : watching PXD
[07:05 am]
joeytsa : nice move Ed 🙂
[07:06 am]
Ed : been waitn for 3 days 4 it
[07:06 am]
joeytsa : ha
[07:06 am] Ed : and
alerted the room each day
[07:06 am]
joeytsa : yep
[07:07 am]
joeytsa : nice on YELP Mitch
[07:07
am] joeytsa : VMW toppy?
[07:08 am]
scalpman : PAY S @ 40.20
[07:08 am]
ben4givn : stopped AVAV 20.90
[07:09
am] doji : PAY?
[07:09 am]
joeytsa : what price scalp?
[07:09
am] scalpman : No shorts on SHLD at
TS
[07:09 am] joeytsa : WWW steady
move up off bottom
[07:09 am]
scalpman : Sorry PCAR
[07:10 am]
scalpman : PCAR S @ 40.20
[07:10 am]
mikewd2 -: VIX down 7%
[07:10 am] mikewd2
-: anyone trading VIX? with what
etf?
[07:10 am] scalpman : I got my
Ps mixed up.,,
[07:11 am] rusty :
TNGO radar
[07:11 am] doji : Now
ABM
[07:13 am] shark : AMZN big
announcement later today
[07:13 am]
joeytsa : new ES box
1421-1422.75
[07:13 am] rusty : TNGO
http://www.scribd.com/doc/105112452/Tangoe-Th
e-Misrepresented-Dance
[07:13 am]
doji : SBUX moved again
[07:13 am]
joeytsa : GRA nice move form bottom
also
[07:13 am] shark : (expected
unveil new kindle)
[07:14 am]
joeytsa : trail SNDK on the
break
[07:15 am] scalpman : Out
small loss on PCAR…wasn’t moving
right..
[07:16 am] mikewd2 -: out WFT
12.20 +0.15
[07:17 am] mikewd2 -: TSO S
39.63
[07:18 am] joeytsa : lower
high on VMW, just watching
[07:18 am]
doji : Hope the SPY don’t rally again
or it could take TSO with it
[07:19 am]
doji : Watching FB
[07:20 am]
mikewd2 -: TSO been bouncing off the pivots,
got tight stop in case it pushes
thru
[07:21 am] doji : I have TSO
R2=39.78
[07:21 am] joeytsa : CLF
gave a nice entry on the pullback to prev
cl
[07:21 am] mikewd2 -: my pivot
39.63
[07:22 am] shark : MNST strong
today
[07:23 am] shark : watching
for poss top
[07:24 am] doji :
Nothing moving now…. boring…
[07:24
am] mikewd2 -: anyone having issues with
etrade pro hanging up
[07:24 am] mikewd2
-: TSO is, haha
[07:24 am] mikewd2 -: but
up
[07:24 am] joeytsa : CLF
was
[07:24 am] shark : not me,
mike
[07:24 am] doji :
haha
[07:24 am] mikewd2 -: shark you still
trade etrade primary broker?
[07:25 am]
khall : MJN slow boat to China
today
[07:25 am] shark :
yeah
[07:25 am] mikewd2 -: really need to
move to TS or other
[07:25 am] shark
: down to 5.99/trade
[07:25 am] mikewd2 -:
yeah, that’s what i got
[07:25 am]
shark : yeah, you are right
[07:25
am] mikewd2 -: only trade with them on
greater than 1k shares
[07:25 am]
shark : awesome!!!
[07:25 am]
mikewd2 -: been 5.99 for a year or so,
thinking about hitting them up for
4.99
[07:26 am] shark : MNST looks
toppy
[07:27 am] mikewd2 -: PCAR
consolidating
[07:27 am] doji : AAPL
moving
[07:28 am] shark : break over
R1 here, doji
[07:29 am] doji :
Yeap, are you trading APPL’s
options?
[07:29 am] shark : not this
week so far
[07:30 am] joeytsa : GS
near 3 month high/$112
[07:30 am]
doji : FSLR heading high, tomorrow
should break 20 if not doday
[07:30 am]
mikewd2 -: nat gas inventories up
28bcf
[07:31 am] joeytsa : crude inv
top to the hour
[07:32 am] doji :
What time is it Joey?
[07:32 am]
joeytsa : 8pdt for crude inv
[07:33
am] skydiver : trailing TNGO S –
thnx Mitch –
[07:33 am] skydiver :
first real live trade for a long time
🙂
[07:33 am] mikewd2 -: nice on
tngo
[07:33 am] Ed : nice sky
[07:34
am] skydiver : on my new system
🙂
[07:34 am] joeytsa : nice
sky
[07:34 am] skydiver : now to
build my confidence up more
[07:34 am]
joeytsa : ES just steady moves
up
[07:35 am] doji : New high in
ES
[07:35 am] doji : 52-week
huigh
[07:35 am] skydiver : all out
of TNGO S
[07:36 am] doji : Are
trading the ES Joey?
[07:36 am]
shark : nice sky
[07:36 am]
joeytsa : yeah
[07:36 am]
joeytsa : well, i was..getting ready
for a break
[07:36 am] doji : Nice,
all buy orderes triggered when the ES broke
new highs
[07:36 am] skydiver : thnx
shark
[07:37 am] joeytsa : on the
1min, ES is just gliding up the 15ma, pausing
in darvis boxes and going higher
[07:37
am] joeytsa : mainly following the
5ma
[07:38 am] joeytsa : up almost
20pts from the bottom
[07:38 am]
doji : TSO hitting R2
[07:38 am]
mikewd2 -: yep, watching to re-enter
short
[07:38 am] joeytsa : see you
all later
[07:38 am] skydiver : take
care joey
[07:38 am] doji : /ES has
been rebounding from the 17MA
[07:38 am]
Ed : c ya joey
[07:39 am] qwert :
bye joey
[07:40 am] doji : Just
watching, not trading anything…. platform
sukcs
[07:40 am] rusty : TNGO
lod
[07:40 am] doji : TNGO fradu
report from Copperfield
[07:40 am]
rusty : I posted it above
doji
[07:41 am] skydiver : humm –
should have stayed in longer — maybe
Ligthning will help me on that
[07:41 am]
shark : great article, thx again
rusty
[07:41 am] mikewd2 -: nice short on
TNGO –
[07:41 am] Ed : sweet short on
TNGO
[07:42 am] skydiver : sweet as
sweet pickle juice sweet?
[07:42 am]
khall : LOL
[07:42 am] Ed :
lol
[07:42 am] skydiver :
🙂
[07:42 am] shark : hmmm…
🙂
[07:43 am] lisas :
always
[07:43 am] skydiver :
yes
[07:43 am] mikewd2 -: gives us a buy
on TNGO
[07:43 am] shark : YES,
Mitch
[07:44 am] skydiver :
wow
[07:44 am] shark : die, TNGO,
die
[07:44 am] doji : Let’s see when
we have a buy signal in TNGO
[07:46 am]
skydiver : crazy fun charts
🙂
[07:47 am] mikewd2 -: didn’t see it hit
but got TNGO L 14.25
[07:47 am] doji
: TNGO L 15.64
[07:47 am] mikewd2 -:
?
[07:47 am] rusty : 15?
[07:47
am] mikewd2 -: bit hit doji
[07:47 am]
doji : 14.64 sorry
[07:47 am]
skydiver : had me worried
doji
[07:48 am] doji : Lightning you
need to make me money
[07:49 am] mikewd2
-: did you do market order doji?
[07:49
am] mikewd2 -: i just placed a buy at 14.25
and it hit
[07:50 am] mikewd2 -: looking
to try that TSO short again near 40
[07:52
am] doji : Ouchhh TNGO
[07:52 am]
mikewd2 -: did see a sell on
lightning
[07:52 am] mikewd2 -:
didn’t
[07:52 am] doji : that kick
my a…….ouch
[07:52 am] mikewd2 -:
lightning 0/7
[07:53 am] mikewd2 -: not
liking lightning Mitch
[07:53 am]
doji : So there is a buy signal in 1min
and sell signal in 2min Mitch?
[07:53 am]
rusty : covered 1/3 TLT s swing +
2.25
[07:54 am] doji : Previous low
on TNGO was 13.92
[07:55 am] doji :
no problem Mitch, I take full ownership of my
trades
[07:56 am] doji : The issue
is not always taking the decision but living
with that
[07:56 am] doji : Watching
FB
[07:57 am] mikewd2 -: i got great entry
price, 14.25
[07:58 am] doji : I
entered my order when Lightening triggered
the buy signal
[07:58 am] skydiver :
thnx for the lesson Mitch — I have to run –
take care all — heading to the oregon Coast
for some Rand R – may see you all
tomorrow
[07:58 am] qwert : bye
sky
[07:58 am] lisas : bye sky, safe
trip
[07:58 am] skydiver :
🙂
[07:59 am] khall : have fun
sky
[08:01 am] mikewd2 -: crude oil
inventories down 7.4M
[08:03 am] mikewd2
-: buy signal TNGO
[08:04 am] doji :
Are you in Mike? What price?
[08:04 am]
mikewd2 -: FSLR still moving up
[08:04 am]
mikewd2 -: no doji
[08:05 am] mikewd2 -:
did short TSO again 39.98
[08:05 am]
rusty : PWER radar
[08:05 am]
mikewd2 -: what’s the stock on the right on
lightning
[08:06 am] doji : Now TNGO
should move….
[08:06 am] mikewd2 -:
why?
[08:07 am] doji : Hola Raul
buen dia
[08:07 am] doji : wrong
keyboard
[08:07 am] mikewd2 -: NUS nice
day
[08:08 am] mikewd2 -: far right
chart’s buy failed
[08:08 am] mikewd2 -:
decent bounce in TNGO
[08:09 am]
rusty : covered PWER
[08:10 am]
qwert : nice on pwer rusty
[08:10
am] eyes : been having Computer issues
all morning ;(
[08:11 am] doji :
Watching FSLR
[08:11 am] qwert : PAY
moving back to lod
[08:11 am]
scalpman : Sell 1/2 TNGO L
[08:11
am] doji : You are not the only one
Eyes… Hopefully once I get my account with
TS my problems will go away
[08:12 am]
mikewd2 -: nice scalp
[08:12 am]
doji : Not in TNGO, git my
lesson
[08:12 am] scalpman : trhanks
mike
[08:12 am] doji : got
[08:15
am] mikewd2 -: FSLR
[08:15 am] doji
: Mitch, volume on the previuos attempt to
rebound and the last one are quite
similar
[08:15 am] qwert : BIDU
moving
[08:15 am] mikewd2 -: nice
breakout
[08:16 am] scalpman : Sell
another 1/4 TNGO L
[08:16 am] doji :
FSLR still moving
[08:16 am]
scalpman : thanks mike (reading
above…)
[08:16 am] Ed : missed that
consolidation
[08:16 am] Ed : on BIDU to
set alers
[08:17 am] doji : Mitch,
can you place FSLR please?
[08:17 am]
victor51 : pwer
[08:17 am] mikewd2
-: nice, that would have been a
winner
[08:18 am] doji : Getting
exponential
[08:19 am] doji : hahaha
not shares available for short in FSLR with
TDA… what a day
[08:19 am] mikewd2 -:
getting into 20 whole number
resistance
[08:19 am] doji : see ya
later fellas
[08:19 am] scalpman :
All out TNGO L
[08:19 am] Ed : c ya
doji
[08:21 am] mikewd2 -: TSO finally
turned over a bit
[08:23 am] mikewd2 -:
FST pushing 8
[08:27 am] qwert :
yep
[08:27 am] khall : yes
[08:29
am] qwert : Mitch can you put in PAY
been short since 32.04
[08:29 am]
qwert : have small amount
left
[08:30 am] qwert :
yes
[08:30 am] mikewd2 -: excellent entry
qwert
[08:30 am] qwert :
thx
[08:31 am] mikewd2 -: LVS stilling
moving higher
[08:31 am] qwert : yes
have traded it long and now 2nd helping
short
[08:34 am] mikewd2 -: FSLR trying
for 20 again
[08:36 am] rusty :
covered second round PWER
[08:37 am]
qwert : Rusty killing pwer
:))
[08:46 am] victor51 : Nice
Rusty. Your fingers really move
fast…
[08:48 am] qwert :
monitoring JCP
[08:48 am] shark :
LULU -nice vol
[08:48 am] joeytsa :
PXD still running
[08:49 am] mikewd2 -:
TNGO nice recovery from lod
[08:50 am]
shark : yeah, still down 16%
[08:52
am] rusty : Cambodia to deport Pirate
Bay co-founder sought by Sweden
[08:55 am]
rusty : @danshep55: 2days ago cnbc “is
the end of rally ” today “we will teach u to
play the rally ” set you DVR’s .. im all
ears
[08:55 am] joeytsa :
haha
[08:55 am] joeytsa : im going
longish/shortish on this market 🙂
[08:56
am] qwert : hahaha
[08:56 am]
joeytsa : load up on call puts
haha
[08:57 am] qwert : monitoring
EXPE
[08:58 am] rusty : The state of
Louisiana closes a 12-mile section of the
gulf coastline after Hurricane Isaac washes
up oil and tar balls in an area that was a
hot spot for inundations of oil during the
Deepwater Horizon spill of 2010.
[08:58
am] shark : ugh
[08:59 am] mikewd2
-: YOKU nice move up today
[09:00 am]
joeytsa : ES touched 1430
[09:01 am]
joeytsa : obama speech tonight, any
guesses on how the market reacts
tomorrow?
[09:02 am] shark : vol
above avg across my screens, joey
[09:02
am] shark : momentum to more upside,
maybe smaller move, though
[09:03 am]
joeytsa : yeah, people really seem to
buy into his bs
[09:03 am] mikewd2 -: TNGO
still moving
[09:03 am] shark : i
don’t think it will move because of
him
[09:03 am] khall : because we
are so much better off than four years
ago?
[09:04 am] shark : I’m doing
better, hope you guys are too
[09:04 am]
khall : more jobs, fewer peeps on food
stamps….
[09:04 am] mikewd2 -: yep if
your on welfare!
[09:04 am] shark :
wouldn’t say it was cause of him,
though
[09:04 am] joeytsa : yeah
khall, with a new record of people on food
stamps, if they are better off now..they must
have been really in the crapper 4 yrs
ago
[09:04 am] khall : I’m doing
better too – despite of his lack of
leadership (IMO)
[09:05 am] shark :
🙂
[09:05 am] joeytsa : yeah khall,
but you didnt build that haha
[09:05 am]
khall : right……..
[09:05 am]
shark : small break in LULU
[09:06
am] shark : what says “lightning” -LULU
??
[09:06 am] shark : hard to fight
the trend
[09:06 am] khall : I think
lightning is in the shop – LOL
[09:06 am]
shark : rofl
[09:06 am] shark
: 🙁
[09:08 am] shark : BIDU testing
b/e area
[09:17 am] shark : doji,
sent you my current options positions. closed
out some contracts.
[09:17 am] shark
: you long TNGO, mike?
[09:18 am]
shark : I’m interested in a mulligan
with TNGO, Mitch. 🙂
[09:21 am]
shark : NAV up 14% today
[09:23 am]
Mitch K: only President Clinton took
mulligans and then took his best score to
record on his card. you play golf
shark?
[09:24 am] Mitch K: he played best
ball with himself, sometimes 3-4 balls if he
didnt like the first shot
[09:24 am]
shark : not a golf player,
Mitch
[09:24 am] joeytsa : after
last nights speech, clinton is still doing
that
[09:24 am] Mitch K: anyone who plays
golf and keeps a handicap knows the unethical
nature of taking best score of several balls
you play. against USGA rules
[09:26
am] joeytsa : watching NFLX at
$56
[09:26 am] shark : how does it
apply to TNGO?
[09:26 am] lisas :
I’m just watching NFLX-movies
[09:26 am]
joeytsa : nice lisa lisa
[09:27 am]
lisas : actually, they don’t have much
good anymore live streaming
[09:27 am]
joeytsa : never used netflix
[09:28
am] shark : just got hooked this
year
[09:28 am] shark : took it on
my tablet to South America
[09:28 am]
joeytsa : nice
[09:29 am]
lisas : Have you tried AMZN prime
movies shark? Those work well also
[09:30
am] shark : you like it
better?
[09:30 am] shark : havn’t
met anyone using AMZN prime.
[09:30 am]
qwert : watching aig
[09:30 am]
lisas : I probably don’t watch enough
to be a good judge. Get Amazon prime because
I use it to shop so much.
[09:31 am]
lisas : Free shipping with amzn prime.
saves me tons of time shopping and prices
usually very competative as well
[09:31
am] shark : yeah, it looks like a great
deal
[09:32 am] lisas : KIds all
have their “wish” lists saved on Amazon,
makes shopping easy!
[09:32 am]
shark : AMZN sales tax kicks in 9/15
for California
[09:32 am] lisas : So
you’d think I’d have it in my IRA??? no,
stupid me
[09:33 am] lisas : yeah,
my daughter was buying some stuff before it
kicks in
[09:33 am] shark : CMG
testing $300
[09:33 am] shark : been
on the national news that people are stocking
up
[09:34 am] joeytsa : CXO
hod
[09:35 am] shark : SS confirms
investigating theft of Romney’s tax
returns
[09:35 am] joeytsa : i saw
that
[09:36 am] mikewd2 -: I want a
mulligan on TNGO
[09:36 am] joeytsa
: seems like people/media are super focused
on everything but the real problems going on
in the country
[09:36 am] shark : me
too, mike 🙂
[09:37 am] shark :
agreed, joey
[09:38 am] mikewd2 -: YOKU
still moving slowly up
[09:39 am]
lisas : Bye all, have a great
afternoon.
[09:39 am] shark : bye
lisa!
[09:40 am] shark :
ditto
[09:40 am] Ed : c ya lisa
[09:40
am] qwert : AIG
[09:40 am]
joeytsa : bye lisa
[09:40 am]
joeytsa : small cup forming on ES 1min
chart
[09:40 am] khall : bye
lisa
[09:44 am] mikewd2 -: consolidation
on LVS?
[09:44 am] rusty : JPM
probe
[09:44 am] joeytsa : yeah
rusty, bit of vol spike down
[09:45 am]
mikewd2 -: PXD still moving nicely
joey
[09:45 am] mikewd2 -: did you go
long?
[09:46 am] joeytsa : its had a
nice run
[09:46 am] joeytsa : yeah
earlier
[09:46 am] joeytsa : missed
the last 2 pts though
[09:47 am] mikewd2
-: bummer
[09:48 am] mikewd2 -: CJES new
hod, like to see it get thru 20
[09:48 am]
joeytsa : its ok, but been a good
one
[09:49 am] joeytsa : same with
CXO
[09:52 am] shark : nice drop so
far AIG -short at 35.19
[09:54 am]
shark : out 1/2 AIG s
[09:54 am]
shark : stop at 35.01
[09:55 am]
victor51 : Hi Mike, When you get some
free moment, could you please take a look at
my email. Thanks.
[09:56 am] mikewd2 -:
yeah victor i saw it, will try to do it this
evening
[09:56 am] victor51 : Thanks
Mike
[09:57 am] mikewd2 -: drop in
CRM
[09:58 am] shark : AIG breaking
b/e
[10:01 am] mikewd2 -: FSLR
hod
[10:03 am] shark :
YEAH!!
[10:03 am] mikewd2 -: right at
PP
[10:03 am] shark : all out
AIG
[10:04 am] shark : +.39 AIG last
1/2
[10:05 am] khall : thanks for
AIG Mitch
[10:09 am] mikewd2 -: looking
for boucne off 34.48 pivot
[10:10 am]
mikewd2 -: haha
[10:11 am] mikewd2 -: FSLR
still moving up
[10:12 am] qwert :
yep
[10:13 am] mikewd2 -: in at
34.67
[10:14 am] mikewd2 -: something
going on with FSLR today
[10:14 am]
shark : europe filing compalint agains
chinese solar??
[10:15 am] shark :
against
[10:15 am] mikewd2 -: yeah that
was yesterday, so good for FSLR i
guess
[10:18 am] mikewd2 -: AIG struggling
at this point, needs to get thru
[10:21
am] mikewd2 -: gotya
[10:22 am] mikewd2 -:
had my finger on the sell button –
haha
[10:22 am] qwert : trading
around the pivot
[10:22 am] mikewd2 -:
yep
[10:22 am] mikewd2 -: out
[10:23
am] shark : 🙂
[10:23 am] mikewd2 -:
had a winner on lightning – yeah
[10:23
am] shark : 0/2 lightning,
mike
[10:23 am] mikewd2 -: 1/7
now
[10:23 am] shark : 🙂
[10:24
am] shark : good suggestion,
Mitch
[10:24 am] mikewd2 -: all my losses
on lightning have been small
[10:25 am] Ed
: and just think u trade LARGE positions
:0
[10:25 am] Ed : 🙂
[10:25 am]
joeytsa : haha
[10:25 am] mikewd2 -:
GMCR adding vitamins to coffees and
teas
[10:25 am] mikewd2 -: there you go
joey
[10:25 am] shark : GOOG been on
a roar last 130 points
[10:25 am]
joeytsa : i quit drinking coffee..might
have to start up again haha
[10:25 am]
shark : hahahaha
[10:25 am]
shark : would that be GMCR,
joey?
[10:25 am] shark : or
SBUX?
[10:26 am] joeytsa : neither
🙂
[10:26 am] shark : want to
consider options trade, early
[10:26 am]
shark : SWY?
[10:26 am]
joeytsa : shark: organic coffee shop on
eastern/pecos area 🙂
[10:26 am]
shark : :O
[10:26 am] joeytsa
: on sunset
[10:26 am] chinhngo :
short mnst at 58.20
[10:27 am] Ed : no
signal on MNST for short as of yet
[10:28
am] mikewd2 -: i a narrow up channel, not
going to be much money chin
[10:28 am]
mikewd2 -: in
[10:28 am] shark : i
agree, mike
[10:28 am] shark : broke
tiny upper channel trend
[10:28 am]
mikewd2 -: yep
[10:29 am] chinhngo :
my mistake
[10:29 am] mikewd2 -: i think
so
[10:30 am] joeytsa : it might
break down, but
[10:30 am] joeytsa :
buying the dip has been the play the past 2
hours
[10:30 am] mikewd2 -: market might
sell off a bit over last couple
hours
[10:30 am] mikewd2 -: but wouldn’t
bet on it
[10:32 am] shark : AMZN
all time high, today
[10:33 am] mikewd2 -:
AIG could bounce here
[10:38 am]
joeytsa : yeah Ed, nice 5pts
[10:38
am] mikewd2 -: another consolidation in
FSLR?
[10:38 am] rusty : LNKD
radar
[10:38 am] Ed : u get it
joey
[10:38 am] joeytsa :
nope
[10:39 am] joeytsa : now if you
told me yesterday 🙂
[10:39 am]
chinhngo : mnst sell signal is when
blue line crossed red line is sell signal is
this right?
[10:39 am] joeytsa : saw
the break on news but never looked at the
daily
[10:40 am] mikewd2 -: yeah chinhngo,
but just not alot of money to be
made
[10:40 am] mikewd2 -: in my
opinion
[10:41 am] mikewd2 -: if it breaks
the 50ma, might be worth a short
[10:41
am] chinhngo : with small
increament mean not a lot money to
make
[10:41 am] mikewd2 -: right
[10:42
am] mikewd2 -: been bouncing off 50ma during
last move up
[10:42 am] mikewd2 -: last
couple hours that is
[10:43 am] mikewd2 -:
FLSR moving again
[10:48 am] mikewd2 -:
come to papa TSO
[10:48 am] mikewd2 -: 100
shares 70k dollars!
[10:48 am] Ed : but we
know u would trade 1000 mike
[10:49 am]
mikewd2 -: i know
[10:49 am] mikewd2 -:
haha
[10:49 am] chinhngo : buy cover
mnst
[10:49 am] Ed : nice trade
chin
[10:49 am] mikewd2 -: worked out
chin
[10:49 am] chinhngo : just
lucky the god help me
[10:49 am]
shark : …and some other
sellers
[10:49 am] Ed : we will call him
lucky chin, like lucky luciano
[10:49 am]
mikewd2 -: might have made more, i would have
placed stop at 50ma
[10:50 am] mikewd2 -:
and let it ride
[10:50 am] shark :
lol, yeah!
[10:50 am] mikewd2 -: anyone
but me in FSLR?
[10:50 am] mikewd2 -: been
awesome
[10:50 am] Ed : all of the east
coast is long FSLR
[10:50 am] mikewd2 -:
nice
[10:50 am] Ed : fyi mike
[10:50
am] Ed : thought u would like that
[10:50
am] mikewd2 -: haha
[10:50 am] doji
: Hi fellas back from work
[10:51 am]
mikewd2 -: looking for 21 and might
reduce
[10:51 am] mikewd2 -: swinging from
yesterday
[10:51 am] shark : Welcome
back, doji
[10:51 am] doji : Missed
the run in FSLR and TNGO….
nooooooooo
[10:51 am] shark : LULU
dropping
[10:52 am] shark :
(earnings tomorrow)
[10:53 am] shark
: i might be all over LULU tomorrow if it
does a buyable gapup/down
[10:53 am]
doji : wow FSLR 21
[10:53 am]
mikewd2 -: dumped 1/3 at 21
[10:54 am]
shark : TNGO on CNBC
[10:55 am]
doji : I wonder who would buy GOOG at
699?
[10:55 am] doji : Crammer’s
followers?
[10:59 am] shark : nice
call GOOG, Ed 🙂
[10:59 am] shark :
FSLR topped at some 1 min time
[10:59 am]
shark : same
[11:00 am] mikewd2 -:
sold on that candle shark
[11:00 am]
mikewd2 -: 1/3 of swing
[11:01 am]
doji : Shark did you get my
e-mail?
[11:03 am] mikewd2 -: QQQ’s
highest level since dec 2000
[11:03 am]
victor51 : MNST short still working
although slowly
[11:03 am] victor51
: Thanks Ed for MNST
[11:06 am] mikewd2 -:
all out FSLR, had trailing stop
[11:09 am]
shark : CMG thru $300
[11:10 am]
mikewd2 -: fall TSO
[11:16 am] mikewd2 -:
Ed did you get out of FSLR?
[11:16 am]
doji : Hoefully I get a nice trade
before the close to reduce my loss in
TNGO
[11:16 am] Ed : Im out but did not
take short
[11:17 am] mikewd2 -: we should
have entered again doji
[11:17 am] mikewd2
-: i didn’t either
[11:17 am] doji :
Yeap, but had to leave for a
meeting…
[11:17 am] mikewd2 -: tried to
short at 15.50 area but no shares
[11:17
am] Ed : i had price set to buy at 19.20 went
through so i got a gift
[11:17 am]
doji : ?
[11:18 am] mikewd2 -: i had
21 in mind from when i entered yesterday
based on daily
[11:18 am] Ed : other than
that would have missed, gets chaotic at times
in am
[11:18 am] Ed : nice play
mike
[11:19 am] mikewd2 -: one of very few
swiings that have worked lately for
me
[11:20 am] mikewd2 -: got smoked in
NUS, then sold yesterday and now up $1 today
– haha
[11:21 am] doji : When are we
going to be able to trade from business
class? We need to have internet on the
planes….
[11:21 am] mikewd2 -: UVXY wow
–
[11:21 am] doji : travellinng for
the next two weeks
[11:22 am]
joeytsa : planes have
internet
[11:22 am] joeytsa : not
sure i would trade from one though
[11:22
am] doji : Why not?
[11:22 am]
mikewd2 -: yeah that would be scary, my
satellite is bad enough
[11:22 am]
joeytsa : i dont even trade with my
wireless from home
[11:23 am] doji :
at least for swing trades
[11:23 am]
joeytsa : if i am doing a swing trade,
no rush then to do it from a plane
[11:24
am] doji : Have to find options
Joey…..
[11:24 am] doji : I mean
alternatives while travelling
[11:24 am]
doji : SLB
[11:24 am] mikewd2 -: one
option quit your job and don’t
travel
[11:24 am] joeytsa : wait
until you get to your destination, then
trade
[11:25 am] joeytsa : or just
have mike buy 2M shares for you
haha
[11:25 am] mikewd2 -: yep, there’s 2
options doji
[11:25 am] doji : There
must be a solution in between and I’ll find
it
[11:25 am] mikewd2 -: haha
[11:26
am] doji : I cannot afford loosing a
great fix income every month… not until I
become a very consistent trader…. some
day… hahahha
[11:27 am] mikewd2 -: fixed
income over rated isn’t it joey
[11:27 am]
khall : lighting will fix that for
you…
[11:27 am] joeytsa : makes
sense doji..take the sure money
[11:27 am]
joeytsa : yeah mike, that never worked
for me
[11:29 am] doji : One has to
find a dynamic and very flexible job Joey,
not a job where you need to spend 8 hours a
day…
[11:29 am] joeytsa : doji:
how long until you can retire with a
pension?
[11:29 am] doji : another
20 years
[11:29 am] joeytsa : thats
why i like trading
[11:29 am]
joeytsa : gotya
[11:29 am] mikewd2
-: covered some TSO 39.52 from
39.96
[11:30 am] doji : Mike, look
at SLB now
[11:30 am] joeytsa :
“real” jobs definately have their perks
though
[11:30 am] joeytsa : nice one
mike
[11:30 am] mikewd2 -: took a while
after two stops
[11:31 am] doji : I
agree Joey, teh travel, the interaction with
people, the professional progress…. there
are many things
[11:31 am] joeytsa :
paid vacations/pension etc
[11:31 am]
mikewd2 -: did that for 30 years
[11:31
am] joeytsa : and now you are CEO or
CJES 🙂
[11:31 am] joeytsa :
of
[11:31 am] mikewd2 -: yep, hard work
pays off
[11:32 am] doji : 100%
agree Mike
[11:32 am] joeytsa : as
long as your job leads to financial
freedom..then its worth i t to me
[11:32
am] mikewd2 -: this is way more fun and can
be profitable if your disciplined
[11:33
am] mikewd2 -: that’s the tricky part for
me
[11:33 am] joeytsa : same
here
[11:33 am] joeytsa : working
for yourself/at home can be very
tricky
[11:34 am] khall : Yep, you
have to be able to be disciplined. If
you aren’t, it won’t work out so
well
[11:34 am] joeytsa : even more
discipline than having a normal job
[11:34
am] doji : I already reached my first
target: get ebough money to get a house, and
put my daughthers in college
[11:34 am]
mikewd2 -: its the swings that i get into
trouble on
[11:34 am] doji : Now,
for the next 20 years I have to work for
me
[11:34 am] mikewd2 -: day trading is a
piece of cake
[11:35 am] mikewd2 -: nice
plan doji
[11:35 am] joeytsa : yeah
doji
[11:35 am] chinhngo : market
pull back is this worth to buy uvxy
?
[11:36 am] joeytsa : and it has to
cover both current and future
“goals”
[11:36 am] mikewd2 -: UVXY is a
scam i think chin
[11:36 am] doji :
Don’t mess with UVXY…
[11:36 am]
chinhngo : thank
[11:37 am] mikewd2
-: really need to see what day it adjust to
next month’s vix. that’s where it really
screws with you.
[11:37 am] mikewd2 -:
anyone know of a better VIX play?
[11:38
am] doji : Hey Chinghgo, how was your
day. I know you like buying the reversals but
in an uptrend day like this, you can be
killed
[11:38 am] mikewd2 -: VXX seems to
track a bit better, but don’t know the
caviates of it
[11:38 am] doji : I
mean, stripped off
[11:38 am]
joeytsa : how about options on the
SPY
[11:38 am] mikewd2 -: chin, i’m
building TZA shares slowly again for
pullback
[11:39 am] mikewd2 -: that might
be good play joey
[11:39 am]
chinhngo : yes i do it too also
spxu
[11:39 am] doji : YEs Mike, 1
share at the time
[11:39 am] joeytsa
: you can also do the same with IWM instead
of tza/tna
[11:40 am] joeytsa : cost
more, but still decent swings in
price
[11:40 am] chinhngo : for iwm
i go with future tfu12 make 100 or 200.00
more faster
[11:41 am] mikewd2 -: like the
3x better joey
[11:41 am] joeytsa :
right chin…TF works also
[11:41 am]
chinhngo : tfu12 also require 6500.00
for 1 tfu
[11:41 am] joeytsa : not
everyone has futures accounts
though
[11:41 am] mikewd2 -: right, i
don’t
[11:42 am] joeytsa :
ES,TF,YM,NQ
[11:42 am] mikewd2 -: kindle
fire HD, sounds pretty nice
[11:43 am]
mikewd2 -: NUS at 43, dumped yesterday
40.55
[11:43 am] mikewd2 -:
figures
[11:43 am] khall :
frustrating
[11:44 am] joeytsa : was
that a swing or daytrade for you
mike
[11:44 am] mikewd2 -: swing
[11:45
am] joeytsa : ahhh
[11:45 am]
doji : Is this the reversal in the
markey that everyone was talking
about?
[11:45 am] joeytsa : mike:
remind me about that later
[11:46 am]
mikewd2 -: about what
[11:46 am]
joeytsa : NUS
[11:46 am] mikewd2 -:
my dumb swing?
[11:46 am] mikewd2 -:
haha
[11:46 am] mikewd2 -: ok
[11:46
am] joeytsa : wasnt dumb, just dont see
the exit signal for a swing
[11:47 am]
mikewd2 -: bought 42.65, pain finally was
enough to cover at 40.55
[11:47 am]
chinhngo : amzn is short now
?
[11:47 am] mikewd2 -: i was
long
[11:47 am] joeytsa : gotya,
didnt know your entry
[11:47 am] Ed : no,
was just mentioning it chin
[11:47 am]
joeytsa : be back in a few
[11:47
am] mikewd2 -: wouldn’t think so chin,
releasing two new products and maybe
more
[11:48 am] chinhngo :
thank
[11:49 am] doji : LNKD wants
to break the 52-week highs
[11:51 am]
mikewd2 -: wonder if we will start seeing
some plus and minus 200 point days.
[11:51
am] doji : That was a 4-month bull cup
in LNKD
[11:52 am] chinhngo : may be
start tommorrow at minus 100 for
dow
[12:00 pm] doji : Chinghgo, you
missed your short in AMZN
[12:00 pm]
doji : You were right
[12:02 pm]
doji : Watching GOOG for short… hope
I don’t loose my shirt
[12:03 pm] Ed :
worked out nicely chin, just dont make a
habit of shorting new 52 week highs unless
there is high probability
[12:04 pm] Ed :
goog is tad different advanced play tryn to
reach milestone of 700
[12:04 pm]
doji : If the stocks has already moved
up a lot and you are close the end of the
day, what are the odds it will continue
makibg new 52-wee highs?
[12:04 pm]
victor51 : Lucky Chin does it
again….
[12:04 pm] doji : or all
times high?
[12:05 pm] Ed : one just have
to be careful making it a habit say like out
of 10 trades
[12:05 pm] rusty : new
highs beget new highs beget new
highs
[12:06 pm] Ed : have to look at
context, and know ur probabiltily, I know
alot of fund companies that buy the highs and
continue to pyramid up, hence what rusty just
quoted
[12:07 pm] rusty : begets new
highs begets new highs begets new
highs
[12:07 pm] rusty : until stock
flies to uranus
[12:07 pm] doji :
Thanks, nice we have old wolves here that
know the market very well
[12:07 pm] Ed :
but key, is if u play 10 of those types of
trade if u win ratio is very high% more power
to ya, you got urself a winning
strategy
[12:08 pm] Ed : if not meet me at
mcdonalds, shift starts at 9pm est
[12:09
pm] mikewd2 -: VIX down over 10%
[12:09
pm] Ed : i only work register for 1hour
though
[12:09 pm] doji : That trade
should be only a very small position for
sure, like 20% of normal position
[12:09
pm] joeytsa : and not all new highs are
the same
[12:09 pm] chinhngo : i
listsen your guys do not short amzn but buy
spxu and tza also short tfu12
[12:09 pm]
eyes : good Night Everyone
[12:09
pm] Ed : c ya eyes
[12:09 pm] rusty
: most of you are daytraders and in and out
before I can blink…so my suggestiion re new
highs is like I say at new lows….always be
doing a little opposite of the crowd….take
profits at new highs and/or buy some stock at
new lows, you will rarely regret it
[12:10
pm] qwert : good night eyes
[12:10
pm] victor51 : Bye Eyes
[12:10 pm]
doji : Bye Eyes, have nice
dreams…
[12:10 pm] mikewd2 -: chin, i
was talking about slowly building a TZA
position for some breakdown, not sure when
its coming.
[12:10 pm] joeytsa : PXD
2nd downleg
[12:10 pm] rusty : dont
have to sell your whole portfolio at new
highs but certain take some profits
[12:10
pm] doji : I agree with you Rusty…
doing that with small positiooodns and so far
so g
[12:10 pm] doji :
good
[12:11 pm] joeytsa : right
rusty, same with entering at new highs..dip
your toe in
[12:11 pm] Ed : well said rust
the fry cook
[12:11 pm] mikewd2 -: nice
drop in FSLR
[12:11 pm] doji : SLN
dropped $1 from its high today….
[12:12
pm] doji : SLB
[12:12 pm] doji
: Oh I see thta CL also dropped…. there is
the answer
[12:12 pm] mikewd2 -: yeah
doji, many oils sold off
[12:12 pm] Ed :
yep was nice short CL
[12:12 pm] mikewd2
-: TSO slowly moving down, want to close
before end of day
[12:12 pm]
chinhngo : so can i buy
ery?
[12:13 pm] doji : Wasn’t CL up
over 1,5% today?
[12:13 pm] mikewd2 -: at
one point
[12:13 pm] Ed : was up
nicely
[12:14 pm] Ed : good observation,
but u want to be buying ERY when oil is
topping chin
[12:14 pm] mikewd2 -: covered
another 1/3 TSO
[12:14 pm] Ed :
FYI ERY is 3x bear for
energy
[12:14 pm] doji : Nice on
that Mike, I should have been with
you
[12:15 pm] mikewd2 -: had to enter 3
times to get the top
[12:15 pm] mikewd2 -:
2 stops
[12:17 pm] chinhngo : bought
arna at 8.75
[12:22 pm] rusty : for
those of you who like to see what mom and pop
are doing…look at RTH or XRT
[12:23 pm]
qwert : Bye everybody see ya all on
monday
[12:23 pm] rusty : retail at
all time highs
[12:23 pm] mikewd2 -:
retail looks strong
[12:23 pm] mikewd2 -:
tiem to short it
[12:23 pm] joeytsa
: bye qwert
[12:23 pm] Ed : take care
qwert
[12:24 pm] khall : bye
qwert
[12:26 pm] doji : GOOG holding
699…
[12:28 pm] rusty : OIH
radar
[12:29 pm] mikewd2 -: now that’s a
cup
[12:29 pm] mikewd2 -: on OIH
[12:29
pm] Ed : a cup of green tea
[12:29 pm]
doji : That is a parachute!
[12:29
pm] Ed : lol
[12:30 pm] rusty : big
volumes spikes on OIH as well
[12:30 pm]
rusty : last few minutes
[12:31 pm]
mikewd2 -: very nice handle on right
side
[12:31 pm] mikewd2 -: its dipping
into the money jar!
[12:32 pm] mikewd2 -:
lots of analyst talking about taking
profits
[12:32 pm] joeytsa : just
saw that
[12:32 pm] mikewd2 -: hope they
do
[12:32 pm] mikewd2 -: be good for my
TZa
[12:32 pm] Ed : uncle Ben just hear
them
[12:32 pm] rusty : these are
the same analysts who said to take profits in
May
[12:32 pm] Ed : and fly away
[12:32
pm] joeytsa : Thanks Mitch,Ed,
everyone..see you all tomorrow
[12:32 pm]
mikewd2 -: probably
[12:33 pm] rusty
: now they all in
[12:33 pm] Ed : c ya
joey
[12:33 pm] rusty : and taking
profits again
[12:33 pm] khall :
have a good one joey
[12:33 pm]
rusty : take care j
[12:33 pm]
joeytsa : yeah, he can keep QE3 in his
pocket as long as he can
[12:33 pm] Ed :
amazing how they are “always” on correct side
of marekt
[12:33 pm] mikewd2 -: can’t play
it now, too far from election
[12:33 pm]
doji : Analyst are like your mother in
law:don’t trsut them
[12:33 pm]
joeytsa : they are because they hedge
haha
[12:33 pm] rusty : Ben: thats
not QE3 in my pocket
[12:33 pm]
joeytsa : haha
[12:33 pm] mikewd2 -:
promisse to do it after nov
elections,
[12:34 pm] Ed : lol
[12:34
pm] rusty : repubs aint happy about
today’s rally
[12:34 pm] rusty : not
in convergence with country going to zero
theory
[12:34 pm] joeytsa : i
thought on ly repubs had money in the
market?
[12:34 pm] rusty : dems
celebrating of course
[12:35 pm]
joeytsa : funny, how the only group
that has prospered under 0bama are the ones
he is supposedly against
[12:36 pm]
joeytsa : have a great afternoon
everyone 🙂
[12:36 pm] shark : bye
joey 🙂
[12:36 pm] Ed : c ya
joey
[12:36 pm] mikewd2 -: COH
[12:38
pm] mikewd2 -: nice 4% give back in
FSLR
[12:38 pm] doji : No shorts in
TDA unfortunately….
[12:38 pm]
khall : I’m out for the day – see you
guys Monday.
[12:38 pm] mikewd2 -: i din’t
try, but couldn’t get them before
[12:39
pm] rusty : take care khall
[12:39
pm] Ed : c ya,
[12:39 pm] shark :
bye khall
[12:42 pm] mikewd2 -: nice move
in CMG today
[12:42 pm] doji : Bye
guys, taking home my loss with
TNGO…
[12:42 pm] mikewd2 -: yeah keep it
doji
[12:42 pm] shark : bye
doji
[12:44 pm] Ed : c ya doji
[12:44
pm] doji : fslr
[12:45 pm]
rusty :
http://reddragonleo.com/2012/08/13/lindsey-wi
lliams-says-to-look-out-for-october
[12:45
pm] rusty : here come the top
callers
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