[06:27 am] Ed : good morning
traders
[06:30 am] Mitch K: watcing ALGN
for bottom
[06:30 am] Mitch K: watching
MLNX for trades both ways, bottom
first
[06:31 am] Mitch K: watching PDCO
for bottom
[06:31 am] Mitch K: watching
XRAY for bottom
[06:31 am] Mitch K:
watching DO for top to short
[06:31 am]
Mitch K: watchin SCSS for bottom
[06:31
am] Mitch K: watching SIAL for
bottom
[06:32 am] Mitch K: watching JNPR
for short
[06:32 am] Mitch K: watching AXP
for bottom
[06:32 am] Mitch K: more
downside on WCC, consider short
[06:32 am]
Mitch K: watching PM for bottom
[06:32 am]
Mitch K: watching ABT for bottom
[06:32
am] Mitch K: watching DSW for
bottom
[06:33 am] Mitch K: watching PANW
for bottom soon
[06:33 am] Mitch K:
watching GGC for bottom
[06:34 am] Mitch
K: watching TMO for bottom
[06:34 am]
Mitch K: watching CCK for top to short top of
this rebound
[06:35 am] Mitch K: consider
selling AXP
[06:35 am] Mitch K: watching
MELI for bottom
[06:35 am] Mitch K:
watchng GMCR for short
[06:36 am] Mitch K:
watching APOL for bottom
[06:37 am] Mitch
K: watching GHL for short on top of
bounce
[06:37 am] Mitch K: watching KORS
for short
[06:37 am] Mitch K: watching
PDCO closer
[06:38 am] Mitch K: watching
ZION for bottom
[06:38 am] Mitch K:
moniotiring PENN for short, low vol
[06:39
am] Mitch K: watching PII for quick short,
missed bottom. watch for top of this
bounce
[06:39 am] Mitch K: watching LIFE
for bottom, lol, this is funny
[06:40 am]
Mitch K: watching EBAY for top to
short
[06:40 am] Ed : on WCC monitor the
65 level,
[06:41 am] Mitch K: monitoring
HWD, lower priced
[06:41 am] Mitch K:
watching VVUS for bottom
[06:42 am] Mitch
K: watching CY for bottom
[06:42 am] Mitch
K: watching FFIV for bottom
[06:43 am] Ed
: NFLX is strong agains market so
far
[06:43 am] Mitch K: watching ELLI for
bottom
[06:43 am] Mitch K: watching FOSL
for bottom,
[06:43 am] Mitch K: VVUS
bottoming
[06:43 am] Mitch K: watching
LRCX for top to short
[06:44 am] Mitch K:
watching NE for top to short
[06:44 am] Ed
: if can get bounce in SPY, keep NFLX on
radar
[06:44 am] Mitch K: ABT bounce
should be strong, esp when market turns
around for bounce
[06:45 am] Ed : WLT is
also strong
[06:45 am] Ed : NFLX
[06:45
am] Ed : would use 69.20 with STRONG vol for
breakout to take long
[06:46 am] Ed : see
if we get pullback on WLT prefer 39.27 level
and hold
[06:47 am] Mitch K: use limit on
WDAY
[06:47 am] Mitch K: watching WDAY for
bottom
[06:48 am] Mitch K: consider
reducing PM long
[06:49 am] Mitch K:
consider reducing GMCR short
[06:49 am]
Mitch K: consider covering JNPR soon, velly
soon
[06:50 am] Mitch K: MELI bounce
looking strong
[06:51 am] Mitch K: ELLI
bounce also looks strong
[06:51 am] Mitch
K: watching for 54.20 area on WDAY
[06:52
am] Mitch K: see if new highs on SCSS here
before selling
[06:52 am] Mitch K:
consider covering KORS short
[06:52 am]
Mitch K: APOl bouncing
[06:53 am] Mitch K:
starting to watch UNP
[06:53 am] Mitch K:
ZION ddead
[06:53 am] Mitch K: that tells
me to hold longer
[06:53 am] Mitch K: ok
right there broke through 30.25 on
SCSS
[06:55 am] Mitch K: SCSS still
strong, you decide when to sell
[06:55 am]
Mitch K: consider selling FFIV
[06:55 am]
Mitch K: consider reducing or selling
ELLI
[06:55 am] Mitch K: consider selling
ABT
[06:56 am] Mitch K: consider reducing
PDCO, could get in trouble again
[06:56
am] Mitch K: WDAY still strong
[06:56 am]
Mitch K: SCSS toppy
[06:56 am] Mitch K:
MLNX trying to bounce looks very
weak
[06:56 am] Mitch K: NE turning
over
[06:57 am] Mitch K: watching BDSI for
bottom
[06:57 am] Mitch K: lost interest
in AXP
[06:58 am] Mitch K: starting to
watch BIIB
[06:58 am] Mitch K: MELI still
strong bounce
[06:59 am] Mitch K: watching
AEGR for short
[06:59 am] Mitch K:
watching PII for 2nd short soon
[07:00 am]
Mitch K: wait for PII to stop moving up
before shorting
[07:00 am] Ed : SPY new
hod
[07:00 am] Mitch K: WDAY toppy,
consider selling best price
[07:00 am]
Mitch K: watching VRTX for bottom
[07:01
am] Mitch K: im not making this up
[07:01
am] Mitch K: LIFE looking better
[07:03
am] Mitch K: ELLI still strong, no sell
signal yet
[07:03 am] Mitch K: MELI sell
signal
[07:04 am] Mitch K: lost interest
in trading EBAY
[07:04 am] Mitch K: VVUS
looks stalled, consider selling
[07:04 am]
Mitch K: CY bounce looking good
[07:06 am]
Mitch K: losing interest in LRCX
[07:06
am] Mitch K: watching DDD for
bottom
[07:07 am] Mitch K: taking FOSL off
screen
[07:07 am] Mitch K: watching GRA
for top
[07:10 am] Mitch K: consider
covering KORS if short
[07:16 am] Ed :
getting some sellng in markets
[07:19 am]
Mitch K: watching VRTX closer too, need
market to rebound though with these
[07:19
am] Mitch K: watching BIIB closer,
[07:22
am] Mitch K: low priced
[07:22 am] Mitch
K: OEH spike
[07:29 am] Mitch K: need an
Obama mulligan
[07:29 am] Mitch K: i saw
that OEH for sale at 9.51 when i first saw
it,
[07:30 am] Mitch K: looking for cover
point on UNP short
[07:32 am] Mitch K:
KORS bounce stalling here, reduce
[07:32
am] Mitch K: OEH sell signal 1 min
chart
[07:33 am] Mitch K: watching ADS for
2nd helping short, missed first
[07:42 am]
Mitch K: still no sell signal on 2 min chart
with OEH
[07:43 am] Mitch K: just got sell
signal with OEH on 2 min chart
[07:45 am]
Mitch K: the shorts on top of bounces working
real well today, most everything working
today
[07:45 am] Mitch K: prob with this
OEH is it isnt turning down easily which
means danger for shorts
[07:49 am] Mitch
K: if it is for stock then it can come down
easily because investors question that
stock
[07:49 am] Mitch K: its probably
cash right?
[07:49 am] Mitch K: thanks
go4it, i did not look up news, this wont come
down, close short
[07:55 am] Mitch K:
watching PII again, for short
[08:08 am]
Ed : good eye regatta
[08:36 am] Ed : SPY
nearing hod
[08:52 am] Mitch K: good job
eddy
[08:53 am] Mitch K: watching CY
again
[09:00 am] Ed : SPY new
hod
[09:06 am] Mitch K: that is all i was
looking for in CY
[09:22 am] Ed : SPY
pulling back
[09:31 am] Mitch K: this kind
of action with CY is same as DOV yesterday,
repeated good trades. $10 stock giving
out 2-3% trades
[09:33 am] Ed : GOOG
reported earnings
[09:51 am] Ed : good is
halted
[09:59 am] Ed : good eye murano on
DISH
[10:00 am] Ed : anyone still in
OEH
[10:00 am] Ed : OEH turend out to be
nice short
[10:19 am] Ed : weakness in RRD
attributed to report on GOOG
[10:20 am] Ed
: GOOG says RRD filed earning release without
authorization
[10:41 am] Ed : this is in
gulf on mexico
[10:41 am] Ed : oil coming
from containment dome re: BP
[10:42 am] Ed
: oil coming from containment dome re:
BP
[10:51 am] Ed : SPY new lod
[11:35
am] Ed : SPY new lod
[12:03 pm] Ed : GOOG
will resume 3:20est
[12:04 pm] Ed : that
is according to nasdaq
[12:06 pm] Mitch K:
you guys trade RRD on that drop
[12:09 pm]
Mitch K: + bonus
[12:09 pm] Mitch K:
analysts calling GOOG a buying
opportunity. those guys are on
salary
[12:20 pm] Ed : GOOG open
[12:35
pm] Mitch K: although i dont follow GOOG
often
[12:35 pm] Mitch K: about 8 days
ago
[12:35 pm] Mitch K: interesting on the
Daily chart using Lightning the GOOG had sell
signal on 10-8-2012 at $758.76
[12:58 pm]
Ed : have a great evening traders
[01:03
pm] Mitch K: bye ladies
| [06:10 am] reshef : G.m
[06:10 am]
mikewd2 -: good morning traders
[06:10 am]
taco : good morning
[06:11 am]
joeytsa : Good morning Mitch,
everyone
[06:11 am] reshef : Is VALE
D.B ad support trend?
[06:11 am]
joeytsa : philly fed #/CB leading index
@ 7PDT
[06:11 am] joeytsa : nat gas
# @ 7:30PDT
[06:12 am] qwert : good
morning everybody
[06:12 am] joeytsa
: gap up: WCC,AEGR,TRV,JNPR
[06:12 am]
joeytsa : gap down:
MLNX,ALGN,ULTA,SCSS
[06:12 am] taco
: thanks joey
[06:13 am] lisas : gm
all
[06:13 am] qwert : thx joey nice
gap on mgm as well
[06:14 am]
joeytsa : DHR down also
[06:15 am]
eddy : hi all
[06:15 am]
ticktrader : GM Everybody
[06:16 am]
cowboyh : GM all
[06:20 am]
joeytsa : and just like magic, the
unemployment claims went up
[06:21 am]
joeytsa : eye on ABT
[06:26 am]
mikewd2 -: watching VRNG – lower priced
stock
[06:26 am] shark : will be
watching MLNX -16%
[06:26 am] mikewd2 -:
MLNX earnings looked decent, but several
downgrades
[06:26 am] victor51 :
shark, any news mlnx
[06:26 am]
victor51 : good morning all
[06:26
am] joeytsa : MLNX forecast 4Q below
estimates
[06:26 am] shark :
announced it will explore strategic
alternatives to maximize growth and
shareholder value
[06:27 am] elisha
: Good Morning Mitch, Ed and
everyone
[06:27 am] joeytsa : going
to be a lot of gaps the next couple
weeks
[06:27 am] joeytsa : hi
Ed
[06:27 am] taco : hi Ed
[06:27
am] eddy : MIke IM with you ON
VRNG
[06:27 am] eddy : HI
Ed
[06:28 am] shark : my last post
is for GIVN stock
[06:28 am] qwert :
gm Ed
[06:28 am] shark : GIVN +12.7%
pre
[06:29 am] joeytsa : no shorts
on GIVN at lightspeed
[06:29 am]
joeytsa : eye on ALGN
[06:30 am]
joeytsa : cover if you already shorted
it
[06:31 am] joeytsa : watch
AEGR
[06:32 am] joeytsa : ABT still
trying to bottom
[06:34 am] joeytsa
: GMCR spike
[06:36 am] shark :
watching KORS
[06:36 am] joeytsa :
tighten ALGN, still has some room
[06:37
am] shark : MLNX
[06:37 am]
joeytsa : MLNX trying to hold
$80
[06:37 am] shark : round #,
yeah
[06:37 am] joeytsa : missed a
real nice swing short in MLNX
[06:38 am]
shark : like to see that vol
capitulation – MLNX
[06:38 am]
joeytsa : tighten SCSS if
long
[06:40 am] shawn : what price
looks good for Zion
[06:41 am] shark
: not enough drop for me, shawn
[06:41 am]
Ed : hey shawn, the goals is to give out
great ideas, from time to time we have chance
to give prices to lookout for
[06:41 am]
shawn : what price looks good to short
EBAy
[06:41 am] shark : MLNX new
lod
[06:42 am] joeytsa : shark: are
you short MLNX?
[06:42 am] Ed : but not
all the time
[06:42 am] Ed : but on ebay
50 is key level
[06:42 am] shark :
no, waiting for bounce, long
[06:42 am]
joeytsa : yeah, no shares at
lightspeed
[06:43 am] shark : ebay
better, shawn 🙂
[06:43 am] joeytsa
: tighten ABT
[06:43 am] joeytsa :
beautiful opening 15 minutes
[06:44 am]
mikewd2 -: CYMI moving nicely
[06:44 am]
joeytsa : MLNX fighting here at
$79
[06:45 am] shawn : anybody short
EBAY?
[06:46 am] taco :
yes
[06:46 am] taco : 50.19
s
[06:47 am] qwert : nice entry
taco
[06:47 am] taco : using time
and sales to gelp me
[06:47 am] taco
: and some luck:)
[06:48 am] shawn :
how we looking on ebay short?
[06:48 am]
joeytsa : needs to lose $50
[06:49
am] joeytsa : caution reminder: Philly
Fed # out in 10 minutes
[06:49 am]
shark : MLNX retest lod
[06:49 am]
Ed : thx joey
[06:49 am] shark :
thx, joey
[06:49 am] shark : see if
MLNX can hold lod
[06:49 am] joeytsa
: no probs..just be careful, sometimes get a
quick move
[06:50 am] joeytsa : ES
has been rangebound
[06:51 am] mikewd2 -:
WLT at 40
[06:51 am] joeytsa : KSU
spike, low vol
[06:52 am] taco :
stopped ebay
[06:52 am] shawn : just
got my teeth kicked in on EBAY
[06:52 am]
shark : MLNX new lod
[06:53 am]
qwert : monitoring TRV
[06:53 am]
joeytsa : TRV was nice
[06:54 am]
shark : got that recommendation from
Joe Terranova here in LA couple weeks ago –
TRV
[06:54 am] joeytsa : had good
earnings also
[06:54 am] shark :
🙂
[06:54 am] joeytsa : gapped up
and ran
[06:55 am] joeytsa : out
MLNX..not getting greedy
[06:55 am]
mikewd2 -: SINA
[06:56 am] joeytsa :
lots of nice moves so far, but the ES hasnt
done anything
[06:56 am] shark :
nice joey
[06:57 am] reshef :
lrcx
[06:57 am] joeytsa : nice test
of $40 on WLT
[06:58 am] mikewd2 -: CYMI
thru 73
[06:58 am] joeytsa : same
with EBAY at $50
[06:58 am] shark :
nice reshef – don’t forget to capitalize:
LCRX
[06:58 am] mikewd2 -: shorted WLT
40.14
[06:58 am] mikewd2 -: at
pivot
[06:59 am] shark : i show R1
test of res area, mike
[06:59 am]
joeytsa : AEGR had that FDA halt
yesterday
[06:59 am] shark : Pivot –
38.09 WLT
[07:00 am] mikewd2 -: run CYMI
run
[07:00 am] joeytsa : ES
bouncing
[07:00 am] shark : KORS b/e
test
[07:00 am] shark : great short
at top KORS 🙂
[07:01 am] joeytsa :
decent reports…once again this week, they
forecasts were low and numbers came out
huge
[07:01 am] mikewd2 -: phili oct fed
5.7 vs 1.0 expected
[07:02 am]
joeytsa : my BS meter just went off
again
[07:02 am] shark : nice,
joey
[07:02 am] joeytsa : how can
you have so many #’s that doubled + the
forecast
[07:02 am] shark : MLNX
nice -testing vwap
[07:03 am]
joeytsa : i have vwap at
80.80??
[07:03 am] shark :
80.61
[07:03 am] shark : on
mine
[07:03 am] joeytsa : close
enough haha
[07:04 am] shark : any
other #’s today, joey?
[07:04 am]
joeytsa : just nat gas in 25
minutes
[07:04 am] shark :
😉
[07:05 am] joeytsa : some res
areas ; EABY 50.40, WLT 40.20, MLNX
80.31
[07:06 am] shark : WLT looks
like it will work thru R1
[07:06 am]
joeytsa : qwert: did you get that TRV
short?
[07:06 am] shark : very
strong, broke out of quadruple top
[07:07
am] qwert : nope missed and had it
right in front of me :))
[07:07 am]
joeytsa : same here, had eyes
elsewhere
[07:08 am] joeytsa : made
that move right after the report
[07:08
am] qwert : was adjusting my pdco
long
[07:08 am] shark : MLNX =
patience test
[07:08 am] shark :
holding 10min ma
[07:08 am] joeytsa
: it will move at 7:45PDT
[07:09 am]
joeytsa : thats when i go to breakfast
🙂
[07:09 am] qwert :
hahaha
[07:09 am] shark :
ugh
[07:09 am] shark : MLNX
+.50
[07:10 am] joeytsa : this long
on WLT looks shaky
[07:11 am] shark
: how so?
[07:11 am] joeytsa : neg
div
[07:11 am] mikewd2 -: I’m still short
on WLT, jjoey
[07:11 am] joeytsa :
thats my prob, trying to fight mike
haha
[07:11 am] joeytsa : and his 5M
shares
[07:12 am] mikewd2 -: tried to get
out at 39.65, but didnt hit
[07:12 am]
elisha : joey, how far baack are you
going to get resistance of 80.31 on
MLNX?
[07:12 am] joeytsa : im not
risking much
[07:12 am] shark : I’ll
be working overtime today, joey
[07:13 am]
joeytsa : elisha: just looking at my
chart
[07:13 am] shark : CMG
earnings out after bell
[07:13 am]
joeytsa : ahhh
[07:13 am]
joeytsa : 80.31 is one of the
pivots
[07:13 am] mikewd2 -: closed call
on CYMI – decent profit including the price
of the put.
[07:14 am] elisha :
ok
[07:14 am] elisha : thx
[07:15
am] joeytsa : no prob, my charts have
more lines than joan rivers face 🙂
[07:15
am] qwert : hahaha
[07:15 am]
joeytsa : chalk up a loss on
WLT
[07:16 am] shark : she
[07:16
am] shark : she’ll be happy you said
that
[07:17 am] joeytsa :
🙂
[07:17 am] go4it : Isn’t J Rivers
skin tight as drum Joey haha
[07:17 am]
shark : lol
[07:17 am] mikewd2 -:
depends go4it on how long from last face
lift
[07:17 am] joeytsa :
haha
[07:17 am] shark : SPY new
lod
[07:18 am] shark : near S1
-SPY
[07:18 am] joeytsa : real quick
drop
[07:18 am] go4it : lol Those
skin cells only strech so far haha
[07:18
am] shark : making all the shorts work
better
[07:18 am] shark : drill baby
drill
[07:18 am] taco : Joey, thanks
for info at start. lots to get me pre set
for
[07:19 am] mikewd2 -: eddie: you still
in VRNG long?
[07:19 am] taco : done
very well just with that info
[07:19 am]
joeytsa : taco: no prob, some days they
all fail, others they work well
[07:19 am]
eddy : NFLX at Pivot
[07:20 am]
joeytsa : as Mitch says, always be
flexible
[07:20 am] taco : got ya, i
don’t have the gap info so your posts are
helpful
[07:20 am] mikewd2 -: out VRNG
+0.20
[07:20 am] taco : i get credit
for what i do with them 🙂
[07:20 am]
joeytsa : what platform are you
on?
[07:20 am] taco :
ib/ninja
[07:20 am] taco : kinetick
data
[07:21 am] joeytsa : IB doesnt
have gap info?
[07:21 am] taco : i
don’t pay for data from them
[07:21 am]
taco : ill check into it tho
[07:21
am] joeytsa : gotya…this might
help
[07:21 am] joeytsa :
http://www.nasdaq.com/extended-trading/premar
ket-mostactive.aspx
[07:21 am]
joeytsa : bookmark it
[07:21 am]
taco : cool, got that one
[07:22 am]
qwert : thats really good info
joey
[07:22 am] joeytsa : another
one i look at pre-market…
[07:22 am]
joeytsa :
http://www.rttnews.com/storylist.aspx?type=bt
b&Node=B6
[07:22 am] shark :
DD news -wow
[07:26 am] shark : nice
vol spke, VRTX
[07:26 am] eddy :
long NFLX 67.74
[07:26 am] joeytsa :
same with DO
[07:27 am] joeytsa :
the ES is still holding S1, loss of that and
the 1450 level then it might get
ugly
[07:28 am] eddy : all out
NFLw
[07:29 am] eddy :
nflx
[07:29 am] shark : haha, nice
call OEH, Mitch
[07:29 am] joeytsa :
yeah same here Mitch
[07:30 am]
joeytsa : fun to jump on those if you
catch them early enough in the
move
[07:30 am] reshef :
BAX
[07:32 am] mikewd2 -: nat gas inv up
51bcf
[07:32 am] mikewd2 -: est 48
bcf
[07:33 am] shark : spike down
UNG
[07:35 am] shawn : does 142.62
look like a good price to take it
short
[07:36 am] joeytsa : tighten
OEH if long
[07:37 am] joeytsa :
MLNX tesing $78 now
[07:38 am] shark
: 200 day 67.62
[07:38 am] joeytsa :
thx
[07:39 am] joeytsa : gotta love
those time-delay trades like OEH
[07:40
am] mikewd2 -: Indian Hotels offers $12.63
per share for Orient-Express stock not
owned
[07:40 am] joeytsa : thx
mike
[07:40 am] joeytsa : ALGN still
bleeding
[07:41 am] joeytsa : trying
to bottom
[07:41 am] mikewd2 -: ABT
moving
[07:41 am] shark : MLNX on
CNBC
[07:41 am] joeytsa : yeah, look
at the daily chart on MLNX
[07:42 am]
shark : up 140% ytd
[07:42 am]
joeytsa : i missed a clear
short
[07:42 am] joeytsa : break
time, fun morning..see you all in a
bit
[07:42 am] shark : you miss on
earnings you get taken to the
woodshed
[07:42 am] shark : bye joey
🙂
[07:42 am] taco : c ya
joey,
[07:43 am] joeytsa : yeah,
plus the gapped down last month, barely
closed itt then made lower highs
[07:43
am] joeytsa : that last one around $108
was a huge signal
[07:43 am] shark :
what was the news on that drop?
[07:43 am]
joeytsa : cant remember
[07:43 am]
joeytsa : mike probably shorted it
haha
[07:44 am] joeytsa : im out,
see you in 30
[07:44 am] shark :
island top pattern MLNX
[07:45 am]
qwert : cya joey
[07:48 am]
go4it : (OEH) Indian Hotels offers
$12.63 per share for Orient-Express stock not
owned
[07:50 am] mikewd2 -: IHCL says
Orient-Express board not interested in
exploring transaction
[07:50 am]
shark : debt and equity transaction –
OEH
[07:50 am] mikewd2 -: maybe spiking
because a better offer will have to be
made.
[07:51 am] mikewd2 -: I’m short
15.40 avg.
[07:51 am] mikewd2 -: sorry
12.40
[07:52 am] mikewd2 -: also bought
12.50 puts
[07:53 am] eddy : where
is your stop Mike?
[07:54 am] mikewd2 -:
actually dont have one in place, just
watching
[07:54 am] Ed : MLNX extremely
weak
[07:54 am] mikewd2 -: almost dumped
at 12.75 but didn’t
[07:55 am] eddy
: I am short at 12.40 OEH stop at
12.50
[07:55 am] mikewd2 -: you just
entered position?
[07:55 am] eddy :
this is my third attempt
[07:55 am]
eddy : and prob will be stopped
again
[07:55 am] eddy : hpefully
not
[07:56 am] mikewd2 -: i was stopped
once at 11.50 area
[07:56 am] lisas
: MLNX was an IBD Leaderboard stock. It has
now been cut from the Leaderboard, along with
ALGN, after drops after hours last
nite.
[07:59 am] mikewd2 -: CYMI
hod
[08:00 am] mikewd2 -: QCOR
moving
[08:01 am] regatta : watching
DF
[08:01 am] mikewd2 -: Mitch was right
on swing on QCOR hitting 25-26 area
[08:05
am] regatta : watching UTEK
[08:09
am] regatta : thanks
[08:11 am]
joeytsa : beautiful bounce on
MLNX
[08:12 am] joeytsa : right off
that hammer at $76
[08:12 am] qwert
: joey did you grt the 2nd chance at short on
gra
[08:13 am] joeytsa : on
GRA?
[08:13 am] joeytsa :
no
[08:13 am] regatta : watching
GPS
[08:13 am] regatta :
GPC
[08:13 am] Ed : hey eddy how u
making it with OEH
[08:14 am] qwert
: was a nice setup
[08:14 am] eddy :
still in it
[08:14 am] joeytsa :
yeah it was
[08:14 am] eddy : stop
at 12 .24
[08:14 am] mikewd2 -: pretty
tight stop eddy
[08:14 am] eddy :
wats yr stop MIKE?
[08:15 am] mikewd2 -:
just put one in 12.63
[08:15 am] mikewd2
-: buyout price
[08:15 am] mikewd2 -:
sounds like OEH doesn’t want the
buyout
[08:15 am] go4it : I show
support at 11.15 on 3min chart
[08:16 am]
mikewd2 -: would love to see that area
go4it
[08:16 am] go4it :
ditto!
[08:16 am] joeytsa : i didnt
get the short
[08:17 am] joeytsa :
only got $1 on the long
[08:17 am] mikewd2
-: figured you got more
[08:17 am]
qwert : only thats 10%
[08:17
am] mikewd2 -: yep
[08:17 am]
joeytsa : meaning i didnt get that
first $2 of the move
[08:18 am] eddy
: im down 1.1 k on this one
[08:18 am]
eddy : lets see if i can get some
back
[08:18 am] go4it : Joey doesn’t
speak percent
[08:18 am] joeytsa :
amen go4it
[08:18 am] eddy : i
removed my stop ..no Stop on my short
now
[08:18 am] qwert : he speaks
dollars
[08:19 am] mikewd2 -: eddy, don’t
think that is too dangerous with offer price
12.63 – can’t imagine it going higher
today.
[08:19 am] joeytsa : its just
how i learned, lots of traders here do very
well working with %, so i cant knock it..its
just not how i am wired
[08:19 am] mikewd2
-: wouldn’t swing it though
[08:19 am]
joeytsa : famous last words
hah
[08:20 am] eddy : i Hope so Mike
lets see . i just place stop at 12.75
anway
[08:21 am] qwert :
hahaha sometimes with % you leave money
on the table im just eyeballing charts now
for tgts and works better at least for
me
[08:21 am] mikewd2 -: probably smart
eddy
[08:21 am] joeytsa : smart plan
eddy
[08:21 am] eddy : if it goes
down to the 11.50 area i would be at
BE
[08:21 am] mikewd2 -: outch
[08:21
am] joeytsa : qwert: nothing wrong with
leaving money on the table
[08:22 am]
joeytsa : nice call on UTEK
[08:22
am] qwert : oh for sure just trying to
be more efficient
[08:23 am] eddy :
Mitch wat does Lighting signal on
OEH?
[08:24 am] mikewd2 -: die
OEH
[08:25 am] joeytsa : have to
give you guys props for your
patience
[08:27 am] eddy : if OEh
breaks vwap at 111.87 it may have a chance to
fall further
[08:27 am] eddy :
11.87
[08:30 am] qwert : watching
bx
[08:30 am] joeytsa : AMZN hod,
see what it does at $250
[08:31 am]
mikewd2 -: closed OEH puts, 50%
gain
[08:31 am] joeytsa : nice
mike
[08:31 am] qwert : nice
mike
[08:32 am] taco : nice
mike
[08:32 am] joeytsa : great call
on GPC also
[08:33 am] mikewd2 -: MLNX
turning?
[08:33 am] eddy : out half
OEH at 11.87
[08:34 am] eddy : stop
at 12.10 for remaining half
[08:34 am] Ed
: nice trading eddy
[08:34 am]
joeytsa : mike: do you mean up or
down?
[08:34 am] mikewd2 -: down it
looks
[08:34 am] joeytsa : im
watching the 78 to 77.93 level
[08:35 am]
eddy : thx Ed lets see where it faals
to
[08:35 am] mikewd2 -: CYMI hit PP and
turned over
[08:36 am] regatta :
watching CTRP
[08:37 am] joeytsa :
WCC trying a cup break on the 1min
[08:37
am] joeytsa : you are on a roll
regatta..keep rowing 🙂
[08:38 am]
regatta : i’m using a trolling motor
now
[08:38 am] joeytsa :
nice
[08:38 am] joeytsa : Newsweek
is ceasing the print edition in the US..going
all digital
[08:39 am] joeytsa :
lots of city papers are cutting back
also
[08:43 am] taco : nice CTRP
murano
[08:43 am] taco : sorry
regatta
[08:44 am] joeytsa : WCC
nice drop on cup break failure
[08:44 am]
regatta : i must have multiple
personalities 🙂
[08:46 am] taco :
)
[08:49 am] mikewd2 -: getting some
bigger red candles on OEH
[08:49 am]
mikewd2 -: out 1/4 position
[08:49 am]
qwert : your oeh short is looking
awesome
[08:51 am] eddy : all out
OEh 11.53
[08:51 am] eddy : i guess
i need other opportuinities to recover the
remaing 450 dollars tonite
[08:52 am]
mikewd2 -: you lost on OEH?
[08:52 am]
joeytsa : at least you showed some
patience
[08:52 am] eddy : ya
first two attempts went down 1.1 k
[08:52
am] eddy : thanx MItch
[08:52 am]
mikewd2 -: gotya
[08:54 am] joeytsa
: gallop poll has romney up by 6pts
[08:54
am] mikewd2 -: revenues and earnings look to
be under estimates on CY
[08:54 am]
joeytsa : doesnt take in the last
debate though
[08:56 am] Mitch K: joey,
you like vocalists?
[08:56 am]
joeytsa : for the most part, not a big
classical music vocal fan though
[08:56
am] Mitch K: listen to this 13 year old sing,
over the top:
http://www.youtube.com/watch?v=mPAUGh9GHn8&am;
p;amp;feature=share&list=ULmPAUGh9GHn
8
[08:57 am] Mitch K: this is not
classical
[08:57 am] joeytsa : saw
this girl a few weeks back
[08:57 am]
joeytsa : really like her, they
advancded her last night
[08:58 am]
lisas : She is really good, a number of
very good ones this year.
[08:58 am]
joeytsa : Mitch: my wife is a vocal
coach, so i get to hear all types
[08:58
am] Mitch K: i thought that was very mature,
does not seem like a 13 year old
[08:59
am] joeytsa : very mature
voice
[08:59 am] joeytsa : her
audition a few weeks back was off the
hook
[08:59 am] joeytsa : MLNX
revving up
[09:01 am] joeytsa :
thanks for that link Mitch, didnt get to see
that on tv
[09:02 am] eddy : Mike
still in OEH?
[09:03 am] mikewd2 -:
yes
[09:03 am] eddy : u got nerves
of steel man
[09:03 am] mikewd2 -: 3/4
position
[09:03 am] eddy : it is
break 11.39 i shorted again
[09:05 am]
mikewd2 -: watching CLF
[09:07 am]
joeytsa : decent move in LULU
[09:08
am] joeytsa : 2 vol spikes past 15
minutes or so
[09:09 am] mikewd2 -: CMG
lod, puts outweight calls on CMG
[09:11
am] scalpman : Time to go…goodbye
all. Thanks for great calls from TSA and chat
room
[09:12 am] joeytsa : CMG
concensus estimate is $2.30, whisper is
$2.34
[09:12 am] eddy : nFLX moving
down
[09:12 am] scalpman : Scalpman
has left the building!
[09:12 am]
joeytsa : bye scalp
[09:12 am]
mikewd2 -: when is earnings
[09:12 am]
qwert : this afternoon on cmg i
think
[09:12 am] qwert : afternoon i
think
[09:13 am] joeytsa : yeah
1PDT
[09:13 am] joeytsa : 1pm PDT
for CMG
[09:14 am] taco : bye
scalp
[09:14 am] joeytsa : they got
shellacked last earnings i think
[09:14
am] joeytsa : and never closed that gap
down
[09:14 am] mikewd2 -: 285 calls/puts
are really expensive that expire
tomrw.
[09:14 am] mikewd2 -: 12-13
bucks
[09:14 am] joeytsa : still
cheaper than the stock
[09:15 am]
joeytsa : if you want to play the
report
[09:15 am] taco : AEGR might
be turning
[09:16 am] mikewd2 -: come to
papa OEH
[09:17 am] murano :
AMRN
[09:17 am] joeytsa : looks good
murano
[09:17 am] go4it : die OEH
DIE!
[09:19 am] reshef :
ETP
[09:19 am] taco : thanks murano,
nice
[09:19 am] mikewd2 -: AMRN popped to
15day resistance area
[09:22 am] mikewd2
-: out 1/2 posiiton on OEH
[09:22 am]
taco : nice mike, what is your
entry?
[09:24 am] mikewd2 -: i think my
avg price was 12.43
[09:24 am] mikewd2 -:
did multiple buys
[09:24 am] joeytsa
: great job mike
[09:24 am] mikewd2 -: or
sells rather
[09:25 am] Ed : nice
mike
[09:25 am] mikewd2 -: stop moved down
to 12.77
[09:25 am] mikewd2 -:
11.77
[09:27 am] go4it : die OEH
DIE!
[09:28 am] mikewd2 -: closed another
1/4
[09:31 am] mikewd2 -: moved final lot
stop to 11.42
[09:33 am] go4it : out
half 11.15
[09:33 am] joeytsa : im
guessing, ummm bad??
[09:33 am] mikewd2 -:
nice go4it, what was entry?
[09:34 am]
joeytsa : ES dropping too
[09:34 am]
mikewd2 -: Amarin strength attributed to
pervious comments in peer review
journal
[09:34 am] go4it : average
12.25
[09:34 am] mikewd2 -: very nice
patience
[09:34 am] joeytsa : really
nice bruce !!!
[09:34 am] mikewd2 -: been
worried that they might announce something
again
[09:34 am] joeytsa : but you
didnt call it, so im not buying you lunch
haha
[09:35 am] go4it : trailing
last 1/2 1%
[09:35 am] mikewd2 -: changed
mine to trailing 20 cents
[09:36 am]
mikewd2 -: CY L 10.10
[09:36 am] mikewd2
-: stop 9.97
[09:36 am] joeytsa :
GOOG losing $700
[09:37 am] eddy : L
CY 10.16 stop 9.97
[09:37 am] mikewd2 -:
wow – big revenue and earnings miss
[09:37
am] joeytsa : most big names
dropping
[09:37 am] mikewd2 -: on
GOOG
[09:37 am] joeytsa :
AAPL,AMZN,BIDU,SINA
[09:38 am]
joeytsa : down $75..huge drop
[09:39
am] go4it : die OEH DIE!
[09:39 am]
go4it : next target 10.84
[09:40 am]
ticktrader : GOOG Earnings are 9.03
versus 10.65 expectations
[09:40 am] Ed :
i think i will retire
[09:40 am]
joeytsa : out OEH
[09:40 am] Ed :
sweet
[09:40 am] Ed : changed my
mind
[09:40 am] joeytsa :
🙂
[09:41 am] qwert : Ed are you
trading goog
[09:41 am] go4it : me
too joey stopped out but great
ride!
[09:42 am] eddy : FB moving
with GOOG
[09:42 am] joeytsa : i got
in real late
[09:42 am] Ed : yes
[09:43
am] joeytsa : GOOG is sweet
[09:43
am] qwert : did you short and now
long
[09:43 am] Ed : yes
[09:43 am]
mikewd2 -: waited to long on GOOG calls,
dang
[09:43 am] joeytsa : out GOOG
for now
[09:44 am] qwert : great
trading where did you short
at
[09:44 am] Ed : when it lose
705
[09:44 am] joeytsa : i went
long
[09:45 am] qwert : nice joey
where did you go long
[09:45 am] Ed :
reversed it at 680.91
[09:45 am]
joeytsa : nice short Ed, wanted to
didnt trust it
[09:45 am] taco :
great trade guys
[09:45 am] joeytsa
: ES bear cup at 1454
[09:45 am] Ed : thx
joey
[09:46 am] mikewd2 -: all out
OEH
[09:46 am] murano :
DISH
[09:46 am] Ed : seems like we got
overreaction
[09:46 am] joeytsa :
sure did..thats why i love earnings
[09:46
am] Ed : mee 2
[09:46 am] joeytsa :
over-reactions are the only time we have an
advantage
[09:46 am] Ed : they all should
release during market hours
[09:47 am]
joeytsa : no kidding
[09:47 am] Ed :
ironically having issue so far with
705
[09:47 am] joeytsa : you can get
multi-point moves on these
[09:47 am]
eddy : anyone long dish?
[09:48 am]
joeytsa : might be more downside once
mainstreet people get the news
[09:48 am]
Ed : hey qwert just noticed goog bounced off
one of those regression lines
[09:48 am]
qwert : yeah nice
[09:49 am]
taco : good call murano dish
[09:50
am] joeytsa : Ed, not sure the
markets/internet could handle it if earnings
were released during market hours
[09:50
am] mikewd2 -: missed entry on DISH, nice
call murano
[09:50 am] Ed : but it would
be soo much fun for daytraders
[09:51 am]
joeytsa : heck yeah..maybe what they
could do is stagger the release for all the
bigger/popular companies
[09:51 am]
joeytsa : let the crappy ones report
after hours “_
[09:52 am] mikewd2 -:
great, just bought calls on GOOG
[09:52
am] Ed : yep
[09:53 am] joeytsa :
wierd that it halted there
[09:53 am]
joeytsa : in related news, GOOG ceo’s
heart halted on the earnings miss
😉
[09:53 am] qwert : why is it
halted
[09:54 am] Ed : order flow must be
large
[09:54 am] Ed : clogging the
system
[09:54 am] Ed : let me
check
[09:54 am] joeytsa : funny, L3
looks very light??
[09:54 am] Ed : yea it
was
[09:55 am] joeytsa : must be a
glitch, very small orders showing
[09:55
am] joeytsa : 3 shares, 6 shares
etc
[09:55 am] qwert : whats the
website for halts used to have it bookmarked
but dont have it now
[09:55 am]
joeytsa : AAPL lod
[09:55 am]
joeytsa : ES testing 1454 pivot area
again
[09:56 am] Ed : thinks its
http://www.nasdaqtrader.com
[09:56 am]
qwert : thanks i googled it
[09:58
am] Ed : weird cant get page yet
[09:58
am] Ed : tried on 3 systems
[09:58 am]
joeytsa : yeah it redirected
[09:58
am] qwert : i cant either must be super
busy
[09:59 am] Ed : seems like markeets
should be down quite a bit more
[10:00 am]
mikewd2 -: AMRN nice short, just missed my
entry
[10:01 am] mikewd2 -: murano, what
scanner do you use?
[10:01 am] go4it
: made my day:)
[10:01 am] mikewd2 -: no
got stopped on that 20 cent bump a few
mintues ago
[10:01 am] Ed : glad to hear
bruce
[10:01 am] mikewd2 -: mine
to
[10:02 am] mikewd2 -: DISH heading back
up
[10:03 am] murano : 36.01 was a
52 week high on DISH
[10:03 am]
go4it : I’m still in PDCO
[10:05 am]
mikewd2 -: sounding like GOOG earnings
release was mistake?
[10:08 am] Ed : they
are doing great job keep the dow almost
flat
[10:11 am] qwert : T1 halt
google requested
[10:11 am] mikewd2 -:
company requested the halt
[10:11 am] Ed :
thx
[10:12 am] eddy : Mike you may
swing CY?
[10:13 am] taco : i’ve
kinda been waiting for Chris and Brent to pop
back into the room.. did they leave for
good?
[10:13 am] lisas :
yes
[10:13 am] go4it :
BIDU
[10:14 am] Ed : they have moved on
taco
[10:14 am] taco :
nice
[10:14 am] mikewd2 -: thought they
were on an extended vacation maybe
[10:14
am] Ed : that too
[10:14 am] taco :
i’ll deal with abandonment issues..
[10:15
am] taco : 😉
[10:15 am] mikewd2 -:
eddy you see the extra penny saved us on CY
stop
[10:16 am] eddy : i actually
lowered my stop to 9.96
[10:16 am]
eddy : and bought more at
10.01
[10:16 am] eddy : i might
swing it
[10:16 am] mikewd2 -: FB
lod
[10:17 am] qwert : rrd
[10:17
am] mikewd2 -: remember we don’t suppose to
turn day trades into swings. but might work
out.
[10:17 am] qwert : alert
rrd
[10:17 am] mikewd2 -: I’m thinking
issue with CY is that they must not have
chips in iphone anymore.
[10:19 am]
eddy : so wat would you do ?no
swing?
[10:20 am] mikewd2 -: not saying
that, needed to have plan in place before you
bought
[10:20 am] eddy : hopefully
will make a profit on it tonite
[10:20 am]
mikewd2 -: i will close mine today
regardless
[10:21 am] mikewd2 -: thanks
Ed
[10:22 am] Ed : no problem, sounds
little strange, truth will come out Im
sure
[10:22 am] joeytsa :
yep
[10:22 am] mikewd2 -: kinda of wish i
had puts instead of calls though!
[10:22
am] Ed : but what do i know, I just work
here
[10:23 am] mikewd2 -: 9.95 support on
RRD?
[10:23 am] qwert : thats where
i was looking mike
[10:23 am] mikewd2 -:
had a buy at 10.00 until Ed read the
news.
[10:24 am] mikewd2 -: canceled
it
[10:25 am] qwert : nice
bounce
[10:25 am] joeytsa : even if
they reported it early, that doesnt change
the #
[10:25 am] mikewd2 -: yeah, but GOOG
officers missed there opportunity to buy puts
– haha
[10:25 am] joeytsa :
hahah
[10:25 am] qwert : exactly
still a crappy quarter
[10:25 am]
qwert : hahaha
[10:26 am] taco
: lol
[10:26 am] joeytsa : there is
still time 🙂
[10:28 am] taco : rrd
are the ones who let the google news out
early
[10:29 am] mikewd2 -: getting a
little bounce on CY
[10:31 am]
joeytsa : glad im not in this
halt
[10:31 am] mikewd2 -: unfinished
report – didn’t have quote from
Larry
[10:32 am] mikewd2 -: GOOG lost 19B
in market cap – nice
[10:34 am]
joeytsa : ES between S1/PP past 30
minutes 1431-1454 area
[10:34 am]
joeytsa : 1451, not 1431
[10:35 am]
joeytsa : MLNX nice break
[10:35 am]
Ed : we need another news event
[10:35 am]
joeytsa : been a great day, lots of
moves
[10:35 am] mikewd2 -: agree joey,
one of my best profit days in the
room
[10:36 am] joeytsa : good to
hear mike.you have been on fire
lately
[10:36 am] joeytsa : just no
more daytrades that turn into swings
🙂
[10:36 am] mikewd2 -: yeah, but having
to change my plans of only trading first and
last hour.
[10:36 am] mikewd2 -: not me!
learned my lesson
[10:36 am] joeytsa
: only times you really need to
trade
[10:37 am] joeytsa : whats sad
is that most of the ones that traders turn
into swings are the losing trades
[10:37
am] mikewd2 -: would have missed short on
OEH
[10:37 am] joeytsa : then they
sell them at break even
[10:37 am] mikewd2
-: definitely, can’t remember holding a day
trade winner over
[10:37 am] mikewd2 -:
breakeven would have been great –
lol
[10:38 am] taco : ya exactly
mike
[10:38 am] joeytsa : but makes
no sense
[10:38 am] mikewd2 -: i knew
better
[10:38 am] mikewd2 -: hated to take
the loss, hoping it will come back.
[10:38
am] mikewd2 -: not smart at all
[10:38 am]
joeytsa : you let them take your money
hostage and then when you finally have the
chance to make a profit..these traders sell
at break even
[10:39 am] mikewd2 -: but
I’m done with that! never again
[10:39 am]
joeytsa : good for you, me
either
[10:39 am] mikewd2 -: RIG
[10:40
am] eddy : another earning miss for
RIG?
[10:40 am] mikewd2 -: don’t see
anything on the wire yet
[10:41 am]
mikewd2 -: Transocean says backlog associated
with new contracts, extensions about
$8.1B
[10:41 am] mikewd2 -: news from
early this morning
[10:41 am] mikewd2 -:
BP down also
[10:42 am] go4it :
Thanks Qwert for RRD alert icing on cake for
today
[10:42 am] mikewd2 -: HAL starting
to fall
[10:42 am] Ed : nice going
bruce
[10:42 am] qwert :
:))
[10:43 am] joeytsa : nice bruce,
i stayed out of that one
[10:43 am]
joeytsa : the CL staying fairly
flat
[10:44 am] joeytsa : been
hovering around $92 for a while now
[10:44
am] joeytsa : lunchtime, see you
all in about 30
[10:55 am] mikewd2 -: SPY
lod
[10:58 am] mikewd2 -: die
RIG
[11:05 am] qwert : Ed what is
the difference between the rig chart how it
says 5 days and the bp chart that says
dynamic right after the symbols
[11:09 am]
Ed : it just set for fuutres on
dynamic
[11:09 am] qwert : All mine
say dynamic that i am using for stocks should
i change that
[11:11 am] mikewd2 -:
WCC
[11:12 am] joeytsa : WCC been a
mover all day
[11:13 am] mikewd2 -: the
100k vol spike was a few minutes ago, didn’t
see the time
[11:13 am] shark : did
PCLN release earnings too?
[11:14 am]
joeytsa : mike: on WCC?
[11:14 am]
mikewd2 -: yeah
[11:14 am] joeytsa :
hmm, i dont see a 100k vol anywhere
[11:14
am] mikewd2 -: i hope goog opens again before
my options expire tomrw.
[11:14 am]
shark : CMG up next…..
[11:14 am]
joeytsa : except premarket
[11:15
am] joeytsa : i heard that GOOG was
supposed to trade again b4 the bell
[11:15
am] Ed : did a birdie tell you
[11:15 am]
shark : I don’t mind it early…then we
can all go home early
[11:15 am]
joeytsa : thought i heard that on
cnbc
[11:15 am] mikewd2 -: he called his
p90x buddy Larry!
[11:15 am] Ed :
lol
[11:16 am] joeytsa : yep, told
him to “BRING IT”
[11:18 am] joeytsa
: GOOG rev was $11B or put another way,
$5.2M/hr
[11:18 am] Ed :
ouuuuuuuuuuuuuch
[11:18 am] taco :
wowserz
[11:18 am] joeytsa : i would
work 2 hours and call it a year 🙂
[11:19
am] taco : doesnt Ed make that
here?
[11:19 am] Ed : i want more so would
work 24 hours then call it quits
[11:19
am] shark : 🙂
[11:19 am]
shark : lol
[11:19 am] mikewd2 -:
yeah me too Ed
[11:19 am] joeytsa :
ppan would work 24hrs, then another
24hrs etc etc hahah
[11:19 am]
taco : i’m looking for three nice 1%
moves a day for now
[11:20 am] Ed : no
taco i make .000000001 every 24
hours
[11:20 am] shark : x
5.4M?
[11:20 am] taco : whatever
makes you happy Ed
[11:20 am] taco :
glad you are here:)
[11:20 am] Ed : its
mutual, glad you are here also
[11:21 am]
joeytsa : you can feel the love
here
[11:21 am] taco : lol
[11:21
am] shark : RR Donnelly statement
to public: “oops”
[11:21 am] joeytsa
: OOPS = Out Our Puts Suckers
🙂
[11:21 am] mikewd2 -: yeah!
[11:22
am] Ed : good one
[11:22 am] joeytsa
: 🙂
[11:22 am] shark :
lol
[11:34 am] mikewd2 -: seems odd to
provide results 4 hours early to PR company
anyway.
[11:34 am] shark :
yeah
[11:34 am] mikewd2 -: they might know
a senator where inside trading is legal –
lol
[11:35 am] shark : “laundering”
their earnings report
[11:35 am] mikewd2
-: campaign money for obama
[11:36 am]
shark : CMG has $12 ATM premium on Oct
options.
[11:36 am] mikewd2 -: sudden drop
in spy
[11:36 am] mikewd2 -: yeah, that’s
what i saw this morning early
[11:36 am]
mikewd2 -: jump in vix
[11:37 am]
joeytsa : crude right back to
$92
[11:37 am] joeytsa : nice dump
in AEGR
[11:38 am] shark : so what’s
the rule on halting? I thought it was just
for an hour.
[11:39 am] joeytsa :
not sure
[11:39 am] mikewd2 -: not sure
when company requests
[11:40 am] mikewd2
-: decent move in VRNG today
[11:42 am]
joeytsa :
http://nasdaqtrader.com/Trader.aspx?id=TradeH
alts
[11:42 am] joeytsa : that link
gets you to the current halts
[11:43 am]
shark : 315 call vs 250 put -highest
open interest CMG
[11:43 am] joeytsa
: whisper is 4cents higher than
concensus
[11:43 am] shark : thx,
joey
[11:44 am] joeytsa : posted it
earlier, you might have been gone
[11:44
am] shark : too bad no options trading
after hours on earnings day
[11:44 am]
joeytsa : think it was $2.30 with
whisper at $2.34
[11:44 am] shark :
🙂
[11:45 am] shark : I see Cramer
going deep undercover to get some insider
tips on earnings in Oil sector
[11:46 am]
shark : hahaha
[11:46 am]
joeytsa : with his orange hat on
haha
[11:46 am] joeytsa : i like him
though
[11:47 am] joeytsa : his
favorite trading book is actually not a
trading book, but a horseracing handicapping
book
[11:47 am] shark : 😉
[11:47
am] shark : confessions? or
which?
[11:47 am] joeytsa : picking
winners by andrew beyer
[11:48 am]
joeytsa : i have an original copy
here
[11:49 am] shark : cool
:0
[11:49 am] shark : 🙂
[11:53
am] joeytsa : anyone ever read ”
strategies for the online daytrader” by
gonzalez and rhee??
[11:53 am]
joeytsa : its dated, but helped me in
the beginning
[11:54 am] shark : I’m
still waiting for Ed’s book
[11:54 am]
joeytsa : yeah me 2
[11:54 am] Ed :
“how to make the doughnuts”
[11:54 am]
mikewd2 -: stopped on CY, dumb
trade!
[11:54 am] shark : “how to
make dough, while going nuts”?
[11:55 am]
Ed : i like it
[11:55 am] joeytsa :
you tried
[11:55 am] joeytsa : if
you can find that book cheap, its worth a
read, esp for newer traders…
[11:56 am]
joeytsa : all examples are in fractions
though, and they spend time on L2, but
do focus on time/sales
[11:57 am]
taco : oh ya?
[11:57 am] eddy
: bye all
[11:58 am] Ed : c ya
eddy
[11:58 am] taco : bue eddy.
good trades
[11:58 am] joeytsa : its
basic, would only buy it if you find it
really cheap and feel like reading something
from the dotcom era
[11:59 am]
joeytsa : meaning that its nothign
earth-shaking
[11:59 am] taco :
having a look around..
[11:59 am]
taco : ok
[11:59 am] joeytsa :
didnt get the greatest reviews on
amazon
[11:59 am] taco : got little
signs up in my office now tho
[12:00 pm]
joeytsa : just going thru my copy, i
had a bunch of things highlighted
[12:00
pm] taco : hoping to stabalize the
cowboy trader in me
[12:00 pm]
joeytsa : like this
sentence…
[12:00 pm] joeytsa : ”
if discipline does not make you take losses,
then the depletion of your capital
will”
[12:01 pm] mikewd2 -: may not open
until tomrw on GOOG
[12:01 pm]
elisha : like that sentence
[12:01
pm] taco : discipline will make me take
losses?
[12:02 pm] elisha : if you
are following your rules
[12:02 pm]
joeytsa : as opposed to holding on and
hoping for it to come back
[12:02 pm]
taco : right
[12:02 pm] taco :
gotya
[12:03 pm] joeytsa : here is
another one i like…
[12:03 pm]
joeytsa : ” The day trader must learn
to decipher news in day trading
terms”
[12:04 pm] shark : thx,
Ed
[12:04 pm] taco : ya like for
that hotel earlier
[12:04 pm] mikewd2 -:
15 minutes, GOOG to trade
[12:05 pm]
shark : you are well connected,
Ed
[12:05 pm] elisha : a little
birdie told him
[12:05 pm] Ed : i use a
cup with string attached, surprised it still
works
[12:05 pm] joeytsa : AEGR
still jumping
[12:05 pm] shark :
lol
[12:06 pm] joeytsa : now anyone
have an idea which way GOOG jumps
[12:06
pm] taco : both
[12:06 pm]
shark : 1st trade up, then down
more
[12:06 pm] mikewd2 -: would like a
jump so i can dump my options
[12:06 pm]
Ed : it will have volatility
[12:06 pm]
mikewd2 -: then will switch to puts
[12:07
pm] joeytsa : i guess it depends on how
many orders are backlogged
[12:07 pm]
taco : yes
[12:07 pm] shark :
I’m using cups with fiber optic
cable
[12:07 pm] Ed : i need to
upgrade
[12:07 pm] shark :
haha
[12:07 pm] joeytsa : i thought
sharks just sensed vibrations in the water
🙂
[12:07 pm] shark : 🙂
[12:07
pm] taco : still got your fin
shark?
[12:08 pm] shark : we’ve
upgraded
[12:08 pm] taco : trying to
outlaw shark fin soup in canada
[12:08 pm]
shark : I’m all for that,
taco
[12:08 pm] shark : can’t outlaw
tacos, though 🙁
[12:08 pm] taco :
i’m hard shelled, no one likes that
kind
[12:08 pm] shark : soft is in
😉
[12:09 pm] go4it : htats not what
she said
[12:09 pm] joeytsa : the
best is when you wrap a soft shell around a
crunchy shell
[12:09 pm] shark :
consider options if you want to trade
GOOG
[12:09 pm] shark : limit risk
on longs AND shorts
[12:10 pm]
joeytsa : ES trying to bounce
[12:10
pm] shark : are those the same guys
that are dumping stock, Mitch?
[12:11 pm]
joeytsa : wonder if you can get an
option trade in quick enough?
[12:11 pm]
shark : sure….
[12:11 pm]
murano : KO
[12:11 pm] shark :
with some volatility premium
[12:11 pm]
joeytsa : are you doing both put and
call?
[12:12 pm] shark :
🙂
[12:12 pm] joeytsa : same
strike?
[12:12 pm] shark : what do
you suggest?
[12:13 pm] joeytsa : i
would think the 690’s would be most
volatile??
[12:13 pm] mikewd2 -: it worked
for me on CYMI yesterday
[12:13 pm]
mikewd2 -: but they were cheap, worth the
risk
[12:13 pm] shark : ATM,
yes
[12:13 pm] joeytsa :
conservative approach would be calls at 700,
puts 680..and hope for a big swing
[12:13
pm] joeytsa : not sure thats worth it
though
[12:13 pm] joeytsa : i only
live in vegas..doesnt mean i gamble
😉
[12:14 pm] shark : I’m looking
for the trend
[12:14 pm] shark :
then will ck premium and buy and/or
sell
[12:14 pm] joeytsa :
gotya
[12:15 pm] joeytsa : anything
else i guess is just a guess
[12:15 pm]
joeytsa : AAPL lod
[12:15 pm]
mikewd2 -: 6 minutes to post!
[12:15 pm]
joeytsa : 🙂
[12:15 pm]
joeytsa : thats what it feels like
mike
[12:15 pm] mikewd2 -: the trades are
being entered into the queues
[12:16 pm]
shark : 🙂
[12:16 pm] joeytsa
: this is going to be more like a
quarter-horse race than a
thoroughbred
[12:16 pm] shark : the
biggest piece of info missing is the
guidance
[12:16 pm] mikewd2 -: I’m not too
worried i only have 3 calls at 700
[12:16
pm] shark : which won’t be released
until after hours
[12:16 pm] shark :
so position accordingly
[12:17 pm]
joeytsa : yeah mike, your risk is
locked in/limited
[12:17 pm] mikewd2 -:
yes, might average down if really
drops
[12:17 pm] mikewd2 -: if really
cheap
[12:17 pm] joeytsa : just dont
hit the double-down button
haha
[12:18 pm] shark : when did you
put that on, mike?
[12:18 pm] mikewd2 -:
just glad i didn’t go deep in the money
calls
[12:18 pm] mikewd2 -: after the
bounce to 705 and then on the fall
[12:18
pm] joeytsa : i wouldnt either for
daytrading
[12:18 pm] shark : ditto,
that joey
[12:18 pm] joeytsa : Deep
ITM are better on swings/longer
holds
[12:19 pm] joeytsa : delta
aroudn 80
[12:19 pm] victor51 :
Thanks Murano for another win DISH
short
[12:19 pm] mikewd2 -: UVXY has been
good trader today
[12:19 pm] murano
: I was trying to make up for the bad idea I
posted yesterday
[12:19 pm] joeytsa
: haha
[12:20 pm] joeytsa : you are
off the hook murano..you do real good
work
[12:20 pm] murano :
Thanks
[12:20 pm] shark : there you
go, mike
[12:20 pm] joeytsa : shark:
bounced rigth off the 680 level
[12:22 pm]
taco : what a battle
[12:23 pm]
mikewd2 -: options a bit more expensive than
when i originally bought
[12:23 pm]
shark : more volatile, yeah
[12:23
pm] mikewd2 -: run goog run
[12:23 pm]
shark : hitting range top
[12:23 pm]
shark : from 3min ago
[12:24 pm]
shark : conference call will put this
all together
[12:25 pm] shark : GOOG
715 calls long .80 to 2.10, all out
[12:25
pm] joeytsa : nice
[12:25 pm] Ed :
nice shark
[12:25 pm] taco :
wow
[12:25 pm] Ed : we need another flush,
to get the blood going
[12:26 pm] mikewd2
-: i was up $2 bucks on my 700’s and didn’t
pull the trigger
[12:26 pm] shark :
this looks range bound, mike
[12:27 pm]
mikewd2 -: then my TS crashed
[12:27 pm]
joeytsa : crap
[12:32 pm] mikewd2 -:
all out +3.20 per option
[12:32 pm]
mikewd2 -: nice
[12:33 pm] Ed : nice mike,
do u need to clean urself up
[12:33 pm]
taco : lol, nice mike)
[12:33 pm]
lisas : great job Mike.
[12:33 pm]
mikewd2 -: haha, i should have sold just 2
and swing the other
[12:33 pm] lisas
: I’m sim trading this, sure makes everything
else seem slow
[12:33 pm] mikewd2 -: it
would have been free
[12:34 pm]
joeytsa : fun day, Thanks Mitch, Ed,
everyone
[12:34 pm] joeytsa : see
you all tomorrow 🙂
[12:34 pm] Ed : c ya
joey
[12:34 pm] taco : c ya
joey
[12:34 pm] elisha : bye
joey
[12:35 pm] lisas : bye
joey
[12:39 pm] Ed : Im sure a ton of
mutual funds have goog in portfolio
[12:40
pm] Ed : not as easy for them to get
out
[12:43 pm] mikewd2 -: looking to enter
call again
[12:45 pm] Ed : more controled
selling so far
[12:48 pm] mikewd2 -: GOOG
being defended by barclays
[12:49 pm]
mikewd2 -: sounds like most of reduction in
earnings and revenues are from Motorola
side.
[12:53 pm] Ed : GOOG should be nice
play 2morrow as well
[12:57 pm] Ed :
rejected at 700 again
[12:58 pm] mikewd2
-: dumped my calls another $2 point
gain
[12:58 pm] Ed : nice mik
[12:58
pm] mikewd2 -: looking to reload for
swing
[12:58 pm] Ed : mike
[01:00 pm]
mikewd2 -: nice 8 point moves
[01:00 pm]
taco : c ya all in the am
[01:00 pm]
lisas : bye all
[01:10 pm]
qwert : bye everyone cya in the
am
[01:10 pm] qwert : wow
cmg
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