[06:07 am] Brent : thanks Joey, good
morning
[06:14 am] Kris : AEM, APKT, UAM, GT and CAT
as possible short trades.
[06:14 am] Kris : good morning traders
[06:14 am] Kris : Today I’m watching EDR,
GIS, GRMN, ARG, AMT, SODA, RIO and XLNX as
possible long trades
[06:26 am] Kris : 3 Minutes. Time to
Rock!
[06:30 am] Kris : CAT short half
[06:31 am] Kris : APKT short half
[06:31 am] Kris : SNDK long half
[06:31 am] Mitch : watching SINA for top
[06:32 am] Kris : HON long half
[06:32 am] Mitch : watching for top in LVS
[06:32 am] Mitch : watching for top on HUM
[06:33 am] Kris : JNPR long half
[06:34 am] Kris : COF long half
[06:34 am] Mitch : watching for top in COF
[06:34 am] Mitch : watching for top in UNH
[06:35 am] Kris : DECK long half
[06:36 am] Kris : out half SNDK long
[06:36 am] Mitch : consider covering LVS
short scalp and look for 2nd helping later
[06:36 am] Mitch : WYNN also same as LVS,
topping
[06:37 am] Mitch : consider covering SINA
[06:37 am] Mitch : watching SFSF for top
[06:38 am] Kris : out half DECK long
[06:38 am] Kris : SPY new hod[06:38 am] Mitch
: watching HGSI for bottom
[06:39 am] Mitch : HUM turning over
[06:40 am] Kris : out half COF long
[06:41 am] Mitch : watching CI for bottom.
in health category as UNH, HUM
[06:42 am] Kris : out half JNPR long
[06:42 am] Kris : starting to scan for weak
stocks for if the markets pull back
[06:42 am] Mitch : no hurry to short 2nd
helping shorts, could go higher
[06:43 am] Kris : out all DECK long
[06:43 am] Mitch : consider selling HGSI long
or reducing most of long
[06:44 am] Kris : out another 1/4 COF long
[06:44 am] Mitch : CI bottoming
[06:44 am] Mitch : consider reducing HUM
short; watching UNH for bottom to cover
[06:44 am] Mitch : missed VFC long, watching
for top
[06:44 am] Mitch : monitor SINA for 2nd
helping short
[06:45 am] Kris : SPY starting to turn
over
[06:45 am] Mitch : FSLR top
[06:45 am] Mitch : watching ILMN for short,
toppy
[06:46 am] Mitch : more downside on UNH, HUM
turning over more
[06:46 am] Mitch : WYNN toppy
[06:47 am] Kris : GMCR long half
[06:48 am] Mitch : WRC toppy
[06:49 am] Kris : NFLX looking weak
[06:50 am] Mitch : CI trying to bounce
[06:52 am] Mitch : ANR turning over, consider
short
[06:52 am] Mitch : looking for top in URBN
for short
[06:56 am] Mitch : forget WRC short, no
likey[06:57 am] Kris : GMCR new hod[06:58 am]
Mitch : on this FSLR, you might consider
grabbing first helping short around this
56.75 area here soon
[06:59 am] Kris : starting to look for a long
in TNA soon
[06:59 am] Mitch : health care stocks really
falling apart
[07:01 am] Kris : out half GMCR long
[07:05 am] Kris : out half HON long
[07:06 am] Kris : TNA long half
[07:06 am] Mitch : looking for top to short
on LVLT
[07:07 am] Mitch : CI starting to turn up
[07:09 am] Kris : out another 1/4 GMCR
long
[07:09 am] Kris : out half TNA long
[07:10 am] Kris : markets looking strong
[07:10 am] Kris : SPY about to test hod
resistance
[07:10 am] Mitch : FOSL toppy
[07:11 am] Kris : out another 1/4 HON long
[07:12 am] Kris : SPY new hod[07:12 am] Mitch
: analyst on CNBC says purchase for CI was
good, buying health spring
[07:13 am] Kris : out another 1/4 TNA long
[07:13 am] Mitch : watching for URBN cowboy
for 2nd helping short, like to wait if new
high though
[07:14 am] Mitch : consider covering SFSF
short here
[07:15 am] Kris : KMB looking weak
[07:15 am] Mitch : consider reducing CI
long
[07:15 am] Mitch : watching SINA for 2nd
helping short
[07:16 am] Kris : getting more green coming
across the board, watch that trendline
resistance.
[07:16 am] Mitch : consider reducing LVLT
short
[07:18 am] Kris : out all TNA long
[07:18 am] Mitch : doubtful that the Groupon
IPO Wednesday will be tradable,
[07:19 am] Mitch : CI might be stuck here
[07:19 am] Mitch : cover remaining LVLT
short
[07:19 am] Mitch : ILMN top
[07:20 am] Mitch : aggressive and nimble
trader for CI short
[07:20 am] Mitch : CI might be worth small
short
[07:20 am] Mitch : late to see ILMN
[07:21 am] Kris : watching TZA for a long
[07:21 am] Mitch : watch NOV for 2nd helping
short
[07:22 am] Mitch : my projector here in
Trading Room not working
[07:23 am] Kris : TZA long half
[07:24 am] Mitch : EBAY toppy
[07:25 am] Mitch : SINA 2nd helping short
soon
[07:27 am] Kris : out TZA, not acting right
here
[07:27 am] Mitch : looking at ATI for
short
[07:29 am] Kris : SPY new hod[07:44 am] Mitch
: CI short not working; close short
[07:46 am] Mitch : possible 2nd helping short
on SFSF
[07:47 am] Kris : I got out BE mike, I posted
it
[07:47 am] Kris : watch for a breakout to new
hod in SPY soon
[07:48 am] Kris : [07:27 am] Kris : out TZA,
not acting right here
[08:06 am] Kris : SPY new hod[08:22 am] Mitch
: watching MCP
[08:34 am] Mitch : mkt just trending up
[08:46 am] Mitch : the initial opportunity in
shorting stocks this morning on scalps is
over and the pattern is trending up and
likely to continue, probably through Tuesday
as well
[08:50 am] Kris : if we break this trendline
we could get a pullback in the SPY to the 125
area
[08:50 am] Kris : SPY coming into trendline
support
[08:58 am] Kris : welcome to the room
khall[09:25 am] Brent : I don’t see a trade
here in SXCI boomboom[09:53 am] Mitch :
looking for rebound in SPY, indexes
[09:56 am] Mitch : oil over $91 now
[10:29 am] Mitch : If you are looking for any
trades, they would be micro trades on the
long side, as in buying on dips
[10:29 am] Mitch : like we just saw with the
SPY alert 22 minutes ago
[10:31 am] Mitch : the big moves, as usual,
are in the first 90 minutes of the day. What
you want to do is lower your expectations and
try not to make any careless mistakes because
this time of day is not good to make new
bets
[10:43 am] Brent : SPY testing hod[10:48 am]
Brent : SPY new hod[11:22 am] Mitch : another
bounce, probably in TNA
[12:00 pm] Brent : VHC moving
[12:59 pm] Brent : have a great night, see
you in the morning
[01:00 pm] Kris : goodnight everyone. see
you in the morning.
|
[06:13 am] joeytsa : gap down:
LO,SXCI,SHPGY
[06:14 am] joeytsa : gap up:
CAT,EXEL,NFLX,SINA,WYNNWBMD,SILC,
[06:15 am] mikewd2 -: RNOW to be bought by
Oracle
[06:16 am] joeytsa : ADLR,HS,RNOW,SEMG…all
moving on acquisitions/buyouts
[06:19 am] joeytsa : was either reading or
watching some stuff from “bears”..1 guy
calling for DOW sub 4000 when all is said and
done
[06:20 am] anthonyb : what year was this
predicted/
[06:21 am] joeytsa : not sure if he
mentioned it…but i think it seemed
2012-13
[06:22 am] joeytsa : Harry Dent was the dow
4000 guy..you can google him..also saw him on
tv yesterday actually
[06:28 am] joeytsa : CAT reported decent
earnings, but i think they had lowered them a
few weeks back?
[06:28 am] mikewd2 -: CAT positive comments
on 2012
[06:30 am] doji : CAT S
[06:35 am] mhaus : FIO
[06:36 am] joeytsa : thanks for LVS
Mitch…great call !!!
[06:37 am] joeytsa : KMB turning up
[06:37 am] joeytsa : the ES trying for
1240
[06:38 am] lightning : watching JVA for a
bounce
[06:39 am] joeytsa : ES got 1240
[06:39 am] joeytsa : great call on DECK
!!
[06:39 am] joeytsa : VRUS broke prv cl
support
[06:39 am] observer : Thx, Kris, DECK .79
pts.
[06:41 am] joeytsa : VMW nice move off
bottom
[06:41 am] mhaus : ITMN
[06:41 am] mhaus : WRC
[06:41 am] rusty : KMB radar
[06:42 am] joeytsa : watching FSLR
[06:43 am] joeytsa : WBMD turned, late call
though
[06:44 am] joeytsa : nice double move on VFC
though
[06:46 am] joeytsa : add CVH to the health
stock watch
[06:47 am] joeytsa : looking for a top in
ULTA
[06:47 am] mhaus : AEO runner
[06:47 am] ppann : shorted ES 1241.5
[06:48 am] ppann : added at 1242
[06:48 am] shark : CROX running
[06:50 am] anthonyb : BWLD
[06:50 am] joeytsa : LVS hod[06:50 am]
joeytsa : yeah kris…lower highs and now
with the gap close
[06:50 am] observer : New hod, SLW
[06:50 am] observer : VALE near hod[06:51
am] apple : thx K for DECK – almost 2
pts[06:51 am] doji : L TZA 34.19
[06:51 am] joeytsa : watching VFC
again..higher high on lower indis[06:52 am]
anthonyb : missed BIDU short
[06:53 am] mikewd2 -: TZA L 34.20
[06:54 am] doji : I bet you for 1 c Mike
[06:54 am] joeytsa : STRA big spike down
[06:55 am] lightning : having some
Lightspeed troubles… connection flickering
this morning. 🙁
[06:55 am] mikewd2 -: yeah, i waited to
long
[06:56 am] joeytsa : my LS seems ok so
far
[06:56 am] joeytsa : WLT moving down
[06:57 am] doji : APKT
[06:57 am] joeytsa : CI just trending
down
[06:57 am] rusty : SXCI defended by analyst
here
[06:58 am] boomboom : Yeah, I’m still in
CI…we thinking it might come back up? :/
[06:58 am] joeytsa : eye on BIIB
[06:59 am] doji : All out TZA
[06:59 am] joeytsa : trailing stop on CI
short
[07:00 am] skydiver : take over chatter on
NBR
[07:01 am] doji : Good Mike, I sold all at
34.54, locked profits
[07:01 am] joeytsa : all out CI 🙂
[07:01 am] mikewd2 -: head faked out doji,
i’m still in
[07:02 am] doji : 1% profit
[07:03 am] joeytsa : AET closed gap too
[07:03 am] joeytsa : FOSL hod[07:04 am]
mhaus : LVLT
[07:04 am] ppann : cvrd at 1239.25 half
position..
[07:07 am] junior : out all SFSF
short….thanks Mitch
[07:09 am] mikewd2 -: go GMCR
[07:09 am] rusty : SODA radar
[07:10 am] joeytsa : CMI lower highs all
morning
[07:10 am] joeytsa : FOSL moving
higher..might get toppy
[07:10 am] ronfrac : ilmn up
[07:10 am] rusty : moving down kind of
fast
[07:11 am] doji : Did you sell your previous
TZA Mike?
[07:11 am] mikewd2 -: 34.68
[07:11 am] mikewd2 -: TZA L 34.20 again
[07:11 am] rusty : RL breaking out on daily
chart….kind of extended
[07:13 am] anthonyb : profit target
officially met for the morning with 4 trades
still on and making $ woohoo!
[07:13 am] doji : will wait longer for TZA
again
[07:13 am] joeytsa : FOSL keeps bouncing off
5ma…waiting for a crack b4 i short…strong
move
[07:14 am] joeytsa : ES banging head just
under 1244
[07:15 am] joeytsa : grabbed CI short,
forgot to go long
[07:15 am] observer : Thx, Mitch, CI chart a
quick .18
[07:16 am] joeytsa : GMCR cracking
[07:16 am] shark : NFLX further weakness
[07:17 am] joeytsa : yeah shark..looks
awful
[07:17 am] mhaus : Watching TGI
[07:17 am] observer : Svm Keeps setting new
highs
[07:17 am] observer : VALE new high
[07:18 am] joeytsa : GOOG just crazy moves
today
[07:18 am] observer : SLW new high
[07:18 am] rusty : KMB lod worth watching
[07:19 am] amersaeed : is anyone short on
ANR
[07:19 am] doji : SPY new hod[07:19 am]
mhaus : ETN
[07:19 am] rusty : KMB sitting on 50dma
[07:20 am] joeytsa : FOSL cracked, but has
been strong, keep a tight stop if you
short
[07:21 am] ppann : short ES at 1244.75
[07:22 am] doji : ETn S 43.06
[07:24 am] amersaeed : Anyone short on
ANR….??
[07:24 am] doji : 1/2 ETN out at 42.48
[07:24 am] joeytsa : all out FOSL
short..talk about a small drop in the bucket,
oh well
[07:24 am] joeytsa : i guess that’s what i
get trying to short a strong stock
[07:24 am] joeytsa : PANL strong so far
[07:25 am] joeytsa : ATI big spike
[07:25 am] joeytsa : not me amer, been
strong all morning also
[07:26 am] joeytsa : ppann : did you take
that 1 pt profit or letting it run?
[07:28 am] doji : all out ETN, thanks for
the call mhaus[07:28 am] doji : still in TZA
Mike?
[07:28 am] joeytsa : BUD running up a bit
[07:28 am] mhaus : COG
[07:28 am] ppann : oh i took .75
[07:29 am] boomboom : I was short ANR,
ameraseed…from 22.87 but got out for a loss
when it acted like it wanted to move up.
[07:29 am] ppann : :)…just shorted ay
1245.75
[07:31 am] amersaeed : I am in a $400 loss
so far
[07:32 am] doji : Market is very slow
today
[07:34 am] derns : long APKT
[07:34 am] doji : URBN S 26.32
[07:36 am] eyes-inthenow : S URBN 26.20
[07:36 am] sonorant : good price doji, URBN
S 26.24. Too bad it doesn’t drop!
[07:37 am] eyes-inthenow : GME ALERT
[07:39 am] doji : S APKT
[07:39 am] doji : tight stop
[07:41 am] derns : Doji…I’m closing my
long APKT at 32.0
[07:41 am] doji : Good Derns, make sure you
sell your 10,000 shares so it helps my S
[07:42 am] derns : not quite 10000
shares!…just didn’t have a lot of
conviction and then I saw your post.
[07:42 am] eyes-inthenow : ILMN just pulled
a fast one
[07:42 am] observer : Alert FNSR
[07:43 am] derns : Doji…there goes my 3
shares….stopped out
[07:43 am] doji : I am moving my stop in
URBN above break even
[07:44 am] anthonyb : Gosh I hope this
market takes a major dump starting now
[07:44 am] doji : trailing stop on APKT
[07:44 am] scalpman : S APKt @ 31.93 ….
[07:45 am] amersaeed : ANR is finally coming
down..
[07:45 am] anthonyb : and continues until my
short swings are in the green lol[07:45 am]
doji : SPY is consolidating at 125 for the
last 30min or so
[07:45 am] joeytsa : anthony, it’s been
trending slowly down but indis are
bottoming
[07:45 am] scalpman : APKT …stopped out
even… will look for re-entry
[07:46 am] doji : it could move in any
direction
[07:46 am] eyes-inthenow : Be careful Guy I
sold ILMN 20.82 and I had a 1% stop sold me
30.42
[07:46 am] joeytsa : still has room
though
[07:46 am] joeytsa : yeah amersaeed, but
indis are bottoming also on the 1min
[07:46 am] khall : I just wish it would go
one way or the other
[07:46 am] khall : I was so frustrated
Friday when it did nothing
[07:46 am] mikewd2 -: out half GMCR 70.50
[07:47 am] eyes-inthenow : 28.82
[07:47 am] joeytsa : eyes: you got hit on
that spike?
[07:47 am] joeytsa : khall: what moving?
[07:47 am] khall : yup
[07:47 am] mikewd2 -: u stopped on TZA?
Kris
[07:48 am] doji : closing APKT here
[07:48 am] doji : will just keep URBN S
[07:48 am] eyes-inthenow : why didn’t it
stop me at my stop
[07:48 am] mhaus : TZA [email protected]
[07:48 am] rusty : RL might be worth
watching for a swing short…very strong but
extended imo[07:49 am] doji : What is your
average in TZA Miki?
[07:49 am] eyes-inthenow : That hit me for
2.00
[07:49 am] hobart : Thanks for CI Mitch. L
44.35 out 45.35, S 45.45 out 45.15
[07:49 am] joeytsa : some neg div on
PANL..might be setting up something
[07:49 am] mikewd2 -: 34.13
[07:49 am] mikewd2 -: I’m holding mine
[07:50 am] eyes-inthenow : down 800
[07:50 am] joeytsa : yeah i see that eyes
[07:50 am] mikewd2 -: 34.13
[07:51 am] doji : so you added to your
34.2
[07:51 am] doji : SPY challenging previous
resistance here
[07:51 am] doji : Thanks Mike
[07:51 am] joeytsa : not sure there is
anything you can do on something like
that…weird spike though
[07:51 am] mikewd2 -: when Kris went in
[07:51 am] mikewd2 -: yes 34.07
[07:51 am] victor51 : fslr good short but
can’t find it
[07:52 am] joeytsa : ES still trending
down
[07:53 am] mikewd2 -: VIX down 5%
[07:53 am] pow : optr rolling over
[07:53 am] ppann : looking for 1239ish to
cvr on ES
[07:54 am] joeytsa : anyone follow the
TRIN??
[07:55 am] anthonyb : nope
[07:55 am] joeytsa : good to know haha[07:55
am] ronfrac : derns: I think apkt a good
swing trade
[07:55 am] scalpman : KMB moving up
[07:56 am] joeytsa : just asked, I’m
starting to look at a few things that i did
years ago, see if i can spot any patterns
that’s all
[07:57 am] ppann : i was just gonna say
trying is old school:)
[07:58 am] derns : Doji…look at APKT…I
should have had more conviction!
[07:58 am] joeytsa : yeah ppann, just
figured i would take a look…everything has
its cycle
[07:58 am] ppann : yes sir u got that
right
[07:59 am] doji : Have a meeting, will leave
URBN stop be price and buy order at 25.8, see
you in 30min
[08:02 am] ppann : grabbed SFSF short at
25.43
[08:03 am] ppann : Kris may i have your
thoughts on CVX long
[08:05 am] Kris : a long over 106 but it
doesn’t move that much so it’s not worth the
risk for me.
[08:05 am] Kris : maybe get .50 out of the
break
[08:06 am] junior : intc breaking out
[08:06 am] ppann : thank you was
considering but i see what u mean
[08:07 am] eyes-inthenow : Kris any thoughts
on my post about ILMN I S 28.82 with a 1%
stop bought me at 30.43
[08:08 am] Kris : what’s your question
eyes?
[08:08 am] ppann : buy program on the
hour
[08:08 am] shark : WOW!
[08:08 am] sonorant : It looked awful Kris
— he got caught on this huge spike
[08:11 am] trvlntrdr : It sounds like you
used a stop order, eyes, that means when the
price is hit it generate a market order. it
is bad luck in a surge in volume
[08:12 am] trvlntrdr : the only way to avoid
this is to use stop limit but then you might
not fill
[08:13 am] ppann : shorted more at 1246 on
ES
[08:13 am] ronfrac : OVTI turning over
[08:13 am] sonorant : Am I correct on
that?
[08:13 am] sonorant : you most likely would
not have filled with a stop limit –your
market order got you such a bad price because
it surged so quickly
[08:14 am] trvlntrdr : I think you are right
and then if the surge continues you are out
of luck on the stop
[08:14 am] trvlntrdr : In this case it would
have filled the next minute or so
[08:14 am] trvlntrdr : so it would have
helped here
[08:15 am] ppann : going to build a position
on the ES for an attempt to swing it
short….yah right! like i’m gonna hold for
that long…LOL
[08:17 am] sonorant : most of my shorts have
been REALLY bad news today.
[08:18 am] ppann : added more SFSF short at
25.58
[08:19 am] anthonyb : sorry sonorant 🙁
My shorts worked for the most part
[08:19 am] ppann : ss more ES at
1247.5…that should do it for the high’s
imo[08:19 am] ronfrac : RUT new hod[08:19
am] sonorant : anthony, you have wider stops
than I do, more patience, and a deeper
understanding!
[08:20 am] doji : Sonorant, what were your
shorts
[08:20 am] sonorant : then I also tried to
short FOSL — that didn’t work, though I am
doing quite well on it now as a long
[08:20 am] sonorant : well URBN for one
[08:21 am] anthonyb : You should have gotten
1% on 1/2 on URBN and stopped out 1/2 at BE
or a little better
[08:21 am] doji : Did you S URBN in the
second help?
[08:21 am] sonorant : I also tried to short
ATI…
[08:22 am] joeytsa : no thanks..i work
🙂
[08:22 am] Mitch : anyone want to join me in
Occupy Wall Street and be part of the 1% ?
[08:23 am] Mitch : we will need helmets,
padding and riot gear. come on joey
[08:23 am] pmarvel : I mean MCP.
[08:23 am] pmarvel : Watching for up or
down? What should I do?
[08:23 am] rusty : wear
Tradestocksamerica.com T-shirts?
[08:23 am] sonorant : I was short back when
you were, and tried to go in again as it went
up. May try and short it again.
[08:23 am] trvlntrdr : done by a major
democratic party pollster
[08:23 am] trvlntrdr : interesting article
in WSJ about a poll of the occupiers
[08:24 am] doji : in my next trip to south
of Chile, close to the south pole, I’ll wear
my TradeStocksAmerica shirt so you can post
it in the website
[08:24 am] doji : we are all over the
world!
[08:24 am] trvlntrdr : He recommends for the
Democrats not to identify with them.
[08:25 am] anthonyb : buy guys! I mean bye
guys. See you tomorrow
[08:25 am] trvlntrdr : doji that would be
great!
[08:26 am] lisas : bye anthony[08:26 am]
scalpman : Watching RRC
[08:27 am] doji : TZA consolidating…
[08:27 am] ppann : Goldman is doing his
trick right now on the ES
[08:28 am] joeytsa : BIDU hod[08:29 am] doji
: High Of the DAY pmarvel[08:29 am] pmarvel
: hod?
[08:31 am] joeytsa : Mitch : here is the
link to those 2 videos i mentioned
earlier…watch them after hours, 1st the
Martin Weiss video which is kind of long, 2nd
the Harry Dent interview from Bloomberg
tv..about 5 minutes long
[08:32 am] doji : TZA will be a good short
soon
[08:32 am] joeytsa :
http://finance.moneyandmarkets.com/reports/SM
R/euroquake/eq-5-lp.php?s=CLST&e=4652
125
[08:32 am] joeytsa :
http://www.bloomberg.com/video/76381244/
[08:33 am] joeytsa : better get your riot
gear on 🙂
[08:33 am] sonorant : short SFSF $26.04 —
with a nod to ppann[08:35 am] derns : TZA
really confuses me…with all the uncertainty
still in the market, I have a hard time
understanding why this continues to drop so
much
[08:35 am] joeytsa : ES didn’t quite want to
crack 1250 yet
[08:35 am] sonorant : doji, do you have any
pending orders on URBN?
[08:36 am] joeytsa : because the market is
trending up ..for whatever reason
[08:36 am] Kris : and earnings reports
[08:36 am] Kris : derns, markets are not
logical
[08:36 am] Kris : it feels like bad news
exhaustion
[08:36 am] ppann : TZA is an indicator not a
company…so it represents the flipside of
the market
[08:36 am] shark : YEAH!
[08:37 am] derns : Thx for reminding me
Kris…
[08:37 am] Kris : and now we’re getting a lot
of short covering and more longs on the
breakouts
[08:37 am] Kris : made the markets
consolidate near resistance
[08:37 am] ppann : finally a sell program
[08:37 am] sonorant : right, the short
covering makes it go up too, I had forgotten
that.
[08:38 am] joeytsa : every breakout is
partly short covering
[08:38 am] joeytsa : spot on ppann..reverse
for bull market
[08:38 am] ppann : The market’s rally early
in the week and early in the day in a Bear
Market
[08:38 am] shark : Co’s making their #’s
after they were downgraded, with lower #’s –
easier to beat here
[08:38 am] sonorant : very interesting
[08:39 am] derns : Joeytsa…I watched part
of the video you posted…started it the
other day..do you believe the concerns Weiss
raises?
[08:39 am] ppann : remember Mutual funds
end of year is end of OCT
[08:39 am] shark : AAPL profit taking
here
[08:40 am] joeytsa : GOOG has had some neg
div…keeping an eye on it
[08:40 am] shark : div? joey
[08:40 am] sonorant : ppann, can you say
more about mutual funds Oct eoy and how that
influences it?
[08:41 am] joeytsa : between
price/indis[08:41 am] joeytsa : neg div =
negative divergence
[08:42 am] joeytsa : derns : i think weiss
has the concerns correct…but that doesn’t
mean it will play it like that…
[08:42 am] joeytsa : he says we are 1 step
away from “game over”
[08:42 am] joeytsa : honestly, his main
concern is that europe/US is bankrupt..for
the most part [08:43 am] amersaeed : thanks
Jewels… you made money…??
[08:43 am] jewels : I’m done trading for the
day, gang. Have a good one.
[08:43 am] jewels : Made a little… but
it’s my birthday so I’m off to celebrate it
🙂
[08:43 am] joeytsa : that step being the day
the debt buyers say ” no more”
[08:44 am] jewels : lol… thanks…
[08:44 am] Kris : Happy Birthday Jewels
[08:46 am] joeytsa : PCLN monster
day..trading above all 3 ma’s on the
daily..still below recent highs
[08:46 am] ppann : i believe that this 16%
run up from the lows mixed with funds getting
killed, adding to the run up, squeezing
shorts, to give us this rally….Funds gonna
dump soon.imo…the pit is short at 1249
[08:46 am] shark : need some birthday music,
Kris!
[08:47 am] joeytsa : much easier to trade
the trend
[08:47 am] pmarvel : It means MCP is going
up?
[08:47 am] ppann : stops run up to 1255
[08:48 am] apple : thx for info MK
[08:48 am] joeytsa : mistake i made earlier
( still made $) and mistake new traders make
is trying to take every indicator call
[08:48 am] scalpman : Time to go….5 for 7
today with one B.E. So, a good day. Thanks
to Mitch and Kris. See you all tomorrow.
[08:48 am] shark : FSLR shorts ran for the
hills -up 13%
[08:49 am] doji : Sonorant, just saw your
post, my trailing stop in URBN was hit at
breakeven
[08:49 am] Kris : Great Job Scalpman[08:49
am] Kris : you’re becoming very consistent
[08:50 am] apple : also possible noon
reversal
[08:50 am] sonorant : doji, did you have any
buys or sells in place on either side of the
consolidation?
[08:51 am] doji : No Sonorant, I am in the
middle of a meeting so cannot trade at this
moment, just watching your comments in the
trading room for teh rest of teh day
[08:52 am] shark : TZA, here, Kris?
[08:53 am] ppann : 1 yr ESZ has a lot of
resistance at the 1250 area of
march,april,june[08:54 am] doji : Too risky
for me TZA, SPY can rebound from trendline
support
[08:56 am] doji : See you later, have to
move to another office….
[08:58 am] joeytsa : ppann: thanks…2 pts
on that last drop since your call of the pits
at 1249
[08:58 am] khall : 🙂 Thanks Kris
[08:58 am] khall : well, for my first day
I’m not doing too badly – 60% success rate
and getting better. you guys help a BUNCH
[08:58 am] shark : Awesome khall! Sweet!
[08:58 am] sonorant : right, the trend
line!!! good point, just drew it in. it is
hard to make all of these pieces second
nature
[09:00 am] joeytsa : LO slowly trying to
close that gap..step by step, inch by inch
[09:02 am] joeytsa : BIDU still rollin’
[09:03 am] cowboyh : by guys have to go to
work have a good day
[09:03 am] ppann : small sell program
[09:04 am] joeytsa : PRGO quick 50cent
spike
[09:08 am] sonorant : joey, at what point
did you go long LO?
[09:09 am] joeytsa : it was approx 110, out
just under 111
[09:09 am] joeytsa : that was just after the
bell…didn’t keep following it
unfortunately
[09:10 am] joeytsa : you mean on the
downside?
[09:10 am] sonorant : how did you keep from
getting stopped out on it?
[09:10 am] sonorant : I guess my question is
really when?
[09:11 am] joeytsa : i let it fall, then
bought as it recovered…gunslinged a bit
[09:11 am] joeytsa : the big one down below
109.50
[09:11 am] sonorant : did you go long after
the big red spike down at 6:31 or 6:32?
[09:12 am] joeytsa : technically a “wrong”
trade…more of a gut feel
[09:12 am] joeytsa : the correct technical
trade would have been the test below 109.5
[09:12 am] sonorant : so you actually did
not get it right out of the slot — how did
you know to wait?
[09:12 am] sonorant : yep, that one.
[09:13 am] joeytsa : after the open i
mean…trying not to catch a falling knife
[09:13 am] joeytsa : when i emailed you, did
i write that on gap downs i wait to see if
they will fall?
[09:13 am] sonorant : ah, the mysterious gut
feel of the seasoned trader….. argh!
[09:14 am] sonorant : I’m not sure, on one
of them, you were waiting for a turnaround,
but I thought it was the other way — when
you wanted to short because they had gapped
up.
[09:15 am] joeytsa : that is my new way..old
way was to just short the gap up due to the
uptick rule
[09:16 am] joeytsa : look at NFLX on the
open..gapped up but the indis were low..so i
avoided the short until i saw them higher and
turn down
[09:16 am] sonorant : ok. So the correct
technical way — on test below 109.5 — at
about what minute are you referring to? And
I believe I am endin this sentence in a
preposition, Somone nailed me on that last
week.
[09:18 am] joeytsa : hate to say it..but its
not an exact science…
[09:18 am] joeytsa : on LO..i liked the test
appro 9:37 est..it was a higher low and the
indis pointed up
[09:18 am] joeytsa : same set up tomorrow
might be a loss for me
[09:19 am] joeytsa : and what makes it 100
times harder is that it happens very
quickly…
[09:19 am] joeytsa : i only premarket on
[09:19 am] joeytsa : it’s easy to explain
and learn from after the fact
[09:19 am] sonorant : okay, so here is a
question for you, do your charts show
extended trading hours? because I played
with this on Sat, and the indis would vary
dependinng on extended or regular hour time
frame.
[09:20 am] joeytsa : now on a day where a
stock trends higher especially if the market
trends higher…
[09:20 am] sonorant : looking at NFLX still.
which indis? stochs? settings? MACD?
[09:21 am] joeytsa : i try to avoid
stochastic sell signals except for possible
areas to sell my long position…on days that
are trending up
[09:21 am] joeytsa : i use stochastics only
for buys
[09:21 am] ppann : NFLX reports today?
[09:22 am] joeytsa : both as support and
res
[09:22 am] joeytsa : yeah ppann: NFLX
bouncing on that prev cl
[09:24 am] boomboom : Is there any play on
SXCI, Mitch/Kris?
[09:24 am] joeytsa : had they been
overbought..i probably would have pulled the
short on the open
[09:24 am] joeytsa : sonorant : on NFLX the
stochs were in oversold territory on the
open
[09:24 am] ppann : mondays are a popular day
for mutual funds buying into the market
aswe[09:25 am] joeytsa : sonorant : best
place to short NFLX technically for me was
right around the 9:40est area
[09:25 am] ppann : ftnt[09:25 am] sonorant
: back to considering LO — actually pretty
weak given the strength of the market. And I
see what you mean about the 9:37 bar. Thnks.
will look at NFLX again now.
[09:26 am] mhaus : SXCI
[09:27 am] joeytsa : right around 9:40 (
NFLX), green candle looked weak, followed by
red candle..both which were lower highs from
the 9:33 area
[09:29 am] joeytsa : BIDU hod after
hod[09:29 am] joeytsa : sonorant: did that
make sense about NFLX?
[09:30 am] joeytsa : again..its much easier
to see after the fact..heat of the battle
sometimes you don’t have the luxury of
analyzing a bunch of stuff
[09:31 am] joeytsa : Mitch always says to
put the odds on your side..i just happened to
see a lower high + reversal candle + indis
trending down
[09:31 am] ppann : grabbed more short on
SFSF at 26.25
[09:31 am] sonorant : yes, it makes perfect
sense! after the fact… lol[09:32 am]
sonorant : so that is the best way to have
shorted — what did you actually do?
[09:33 am] sonorant : on NFLX
[09:34 am] ppann : sell program
[09:35 am] joeytsa : DVN lod[09:36 am]
joeytsa : the old me would have done the
exact same thing
[09:36 am] sonorant : see, if I had been
trading NFLX this morning, I probably would
have gone in on teh big red candle down
around 9:35 est, then panicked when it
started up again. I probably would have
stopped out at about 119.68 Right Before if
turned around again and went south
[09:37 am] joeytsa : the old me most likely
would have used a $2 stop loss…i was more
reckless back then
[09:37 am] sonorant : yes?? and so what do
you do now? what did you do today? go in a
little later, or not panic quite so
quickly?
[09:38 am] ppann : sell program
[09:38 am] sonorant : I think you would have
held on to your cookies in that particular
trade with a $2 stop
[09:39 am] joeytsa : had i entered on the
open today..i would have been stopped out for
$1
[09:40 am] sonorant : which stochastic
settings are you using?
[09:40 am] sonorant : yes, you would have
lost in that scenario
[09:42 am] joeytsa : 8%k, 6%d
[09:43 am] joeytsa : i think that’s what a
lot of TSA members are using
[09:44 am] joeytsa : i’m still fairly new
with using stochastics…I’m sure there are
others in here who have much better insight
on them
[09:44 am] ppann : took .30 on ftnt 1k
shares
[09:44 am] sonorant : I bet I have used half
a dozen different stoch settings since I came
to the room based on different peoples
recommendations! lol[09:45 am] joeytsa :
still looks like 1250 is the resistance level
on ES
[09:46 am] joeytsa : i didn’t take any of
these, but it’s a great learning example
[09:46 am] joeytsa : sonorant : look at the
MCP chart mitch has up…
[09:46 am] sonorant : how do you choose
which of your many options to trade at
6:30?
[09:47 am] joeytsa : the logical buy on MCP,
since it was trending up is approx the 38.70
area, 30.30 area
[09:47 am] ppann : i use 14,3,3,1 or 14,3,1
whatever i can enter in my platform
[09:47 am] ppann : on the slow stochs[09:48
am] joeytsa : a chart like this is one i
print off and stare at
[09:48 am] joeytsa : only short i would have
been comfortable with was that 1st one off of
the steep up move
[09:48 am] ppann : arba, nice hod[09:48 am]
sonorant : and by the time I got it back up,
CAT was moving up.
[09:48 am] sonorant : oh no, so what did you
take? I was determined to short CAT because
it had gone up so very much, and then I
discovered when the bell rang that my data
feed wasn’t working.
[09:49 am] sonorant : wait, I lost the
thread, a chart like which one?
[09:50 am] boomboom : PPan, what’s your
target on the SFSF short?
[09:50 am] joeytsa : it’s a great chart to
study
[09:50 am] joeytsa : the MCP chart that
Mitch has up
[09:50 am] sonorant : MCP?
[09:50 am] sonorant : so did you go long on
anything besides LO?
[09:52 am] eyes-inthenow : Kris is there a
way to better protect myself in ninja on my
stops so that don’t happen
[09:52 am] ppann : gonna see how it acts on
the 50sma around the 25.30 area
[09:52 am] ppann : on the 5 min
[09:53 am] boomboom : Thank, PP
[09:53 am] Brent : that would’ve happened on
any platform Eyes. Your stop market order was
filled in a spike. No way to prevent it
[09:53 am] joeytsa : and a small short on
CI
[09:53 am] joeytsa : i did catch Mitch’s
call on LVS
[09:53 am] joeytsa : no sonorant, only
because i had an ES trade on the open
[09:53 am] ppann : your welcome boom
[09:54 am] eyes-inthenow : Thanks Brent I
guess the rule is anything can Happen in the
Markets I got to get used to that
[09:54 am] go4it : die nflx die
[09:55 am] Brent : that’s just the way it
goes sometimes.
[09:55 am] joeytsa : LO closed that
gap…nice move, think they have earnings
today also
[09:55 am] joeytsa : those are tough beats
eyes
[09:56 am] eyes-inthenow : Well at least I
am Trading a Plan not Trying to be Right
[09:56 am] joeytsa : smart eyes…can’t
break the rules
[09:56 am] ppann : It’s a very hard
discipline, but having mental stops solves
that problem
[09:56 am] sonorant : eyes, there is
something in the Ninja Automated trading
strategy advanced section that lets you
specify a required amount of volume in order
for a market stop to trigger. It is intended
to prevent something like that. The catch is
first, knowing what to set the volume at, and
secondly, if it isn’t a spike, but the start
of a trend, you will be badly screwed.
[09:56 am] sonorant : much worse than you
were.
[09:57 am] ppann : I NEVER post my stops,
But that took years of getting killed trying
to develop that disassociation
[09:58 am] ppann : ONLY mental stops
[09:58 am] sonorant : so you never set
actually stops, they are all just mental?
[09:59 am] joeytsa : higher volume right b4
the big jump
[09:59 am] joeytsa : IDCC big spike up ,
higher vol[09:59 am] joeytsa : missed a
beauty of a consolidation breakout
[09:59 am] ppann : lol currently i’m in 11
positions
[09:59 am] sonorant : how many positions do
you trade at one time?
[09:59 am] trvlntrdr : It makes sense if you
have large positions in a stock
[09:59 am] trvlntrdr : Sonorant, a lot of
people do mental stops to prevent the big
boys from seeing your stops.
[10:00 am] joeytsa : CL running big move
[10:00 am] joeytsa : up 50cents in 2
minutes
[10:00 am] trvlntrdr : I don’t think anyone
cares about me but once you have more than a
1000 shares you might be noticed, the way I
see it
[10:01 am] trvlntrdr : I know they see all
the orders but it has to make sense to move
the market to take out stops
[10:02 am] ppann : it’s all accumulative
[10:02 am] sonorant : a program could be
quite efficient at it.
[10:02 am] sonorant : but the “person” doing
this — looking at the stops, is probably a
computer, yes?
[10:02 am] trvlntrdr : But PPAN I agree with
you if I were moving the amount you do I
would not post stops
[10:03 am] ppann : in milliseconds
[10:03 am] trvlntrdr : At my level I need
the discipline to make sure I stop out. I
just need to learn to give volatile stocks
more leeway.
[10:04 am] pmarvel : What are blue lines
means?
[10:04 am] trvlntrdr : but that is better
than letting it go against you and not
stopping out at all. 🙁
[10:04 am] trvlntrdr : I often get stopped
out at a higher high to see the stock return
to a down trend
[10:05 am] eyes-inthenow : As long as you
have the Discipline to execute your stop that
way great most traders stay hoping it will
come back I have been guilty of that quite
often
[10:05 am] ppann : don’t ask me to explain
this, but that is what the rule of 3’s is
based on…i was taught to take out stops
[10:05 am] ppann : no commenting from me on
the rule of 3’s
[10:06 am] trvlntrdr : I will learn
later.
[10:06 am] trvlntrdr : ppan– we appreciate
your comments. I don’t expect you to explain
everything in the chat room–too
burdensome.
[10:07 am] joeytsa : i just added pivot
lines to a few charts, see what the heck
they mean haha[10:08 am] trvlntrdr : I
think even if you master trading, Ie get
rich, you still would have to learn, as the
technology and tactics change, the economy
changes the market.
[10:10 am] eyes-inthenow : AGP
[10:12 am] joeytsa : trv: the only thing you
can count on is constant change 🙂
[10:14 am] ppann : took +1 on the ES ..huge
buy in the ESZ
[10:15 am] ppann : gonna see if i can get
short again..
[10:20 am] ppann : grabbd some at 1248.75
[10:20 am] sonorant : candles, you have been
so quiet. What have you traded today?
[10:21 am] candelas :
aapl,sxci,gmcr,sina[10:21 am] lisas : Gotta
run for a while, great start to the week.
Thanks all
[10:25 am] ppann : FTNT and ARBA hod[10:29
am] mhaus : BCSI alert
[10:29 am] ppann : CL is short
capitulation
[10:30 am] ppann : between 90 and 93
[10:32 am] apple : agree, MK, caution in the
afternoon is always best
[10:34 am] trvlntrdr : gonna see if SINA has
a higher low
[10:36 am] sonorant : Thanks mhaus — in
BCSI long, one target left to go
[10:36 am] sonorant : thanks Mitch.
[10:37 am] victor51 : Thanks for your Not to
Do list. It’s very helpful
[10:42 am] pmarvel : Anybody knows real time
charts for free or low priced?
[10:43 am] lightning :
freestockcharts.com
[10:44 am] rusty :
http://www.freerealtime.com
[10:45 am] apple : pmarvel – freestockcharts
are great – it’s run by Worden Bros.
[10:45 am] khall : off to the dentist for
me. Thanks everyone – see you tomorrow!
[10:45 am] ppann : shortd more 1249.75
[10:47 am] pmarvel : Apple are they real
time or delayed? I think delayed because
different from MK’s charts.
[10:48 am] ppann : es going for 1253 to 1255
buy stops…
[10:48 am] ppann : hedge fund buying right
now
[10:48 am] rusty : SCSS merits watching on
the daily….possible early bullshort[10:49
am] mikewd2 -: trying to ring out the shorts,
they will turn soon
[10:49 am] rusty : but worth watching
[10:49 am] rusty : SCSS all times highs for
air/foam mattress maker
[10:49 am] rusty : SCSS sorry not all time
highs ——- hit high 20’s in 2006
[10:50 am] apple : real time, I have it up
now, price is in sync with esignal[10:50 am]
ppann : shortd more at 1252
[10:54 am] rusty : CMG hod – 5 points from
prev all time high
[10:55 am] eyes-inthenow : Everyone
Goodbye
[10:56 am] eyes-inthenow : 8 out of nine
trades went south not Good
[10:57 am] trvlntrdr : sorry, I have been
there last week
[10:58 am] Brent : see you tomorrow eyes
[10:58 am] eyes-inthenow : -1150
[10:58 am] eyes-inthenow : See you All
[10:58 am] rusty : we’re up 1500 points from
the low, no one wanted to buy just two weeks
ago and now everyone is getting bullish
[10:58 am] sonorant : eyes, I am not much
better today — 2/3 losing, 1/3 winning
[10:59 am] mhaus : CL
[10:59 am] mhaus : MLM
[10:59 am] rusty : Dow 30 almost back to
it’s 200dma and everyone getting bullish
[11:00 am] ppann : long TLT 113.3/short
125.75 …….ie i bought TLT nov calls and
tied them with buying spy 125 nov
puts…believing that the market will go
down
[11:01 am] mikewd2 -: hope your right
ppann[11:05 am] qwert : kmb new lod[11:07
am] rusty : Some negative rumors on FSLR
[11:13 am] trvlntrdr : I had OCT 27.5 vix
puts from early august. figuring the vix
would go down eventually. We all know how
that turned out.
[11:14 am] mikewd2 -: looks like VIX at
resistance, time to head up
[11:14 am] trvlntrdr : it is rare that the
vix stays elevated for so long. but it did
this time
[11:15 am] trvlntrdr : it seems like the
market is a little over extended. but I am
tired of arguing with it. it always wins the
argument
[11:16 am] rusty : Keep an eye on the SPY
volume – it’s really low
[11:18 am] ppann : cvrd at 1247
[11:19 am] mbear : Does anyone have any
recommendations on finding stocks that are in
consolidation patterns like CRS was before
today?
[11:19 am] mikewd2 -: my thoughts rusty
[11:19 am] rusty : in order for a breakout
to be valid you need volume and it’s just not
there – looks like short covering is fueling
the market
[11:20 am] mbear : I have been trying the
S/R scan on Finviz.com, but it doesn’t seem
to find these types of stocks
[11:20 am] mikewd2 -: Analyst on CNBC really
trying to sell the rally
[11:20 am] ppann : out of my spread tlt +.2
and spy+.2 on 20 contracts each
[11:22 am] rusty :
http://www.thegreedytrader.com/ good site to
look for chart ideas
[11:22 am] trvlntrdr : my wild guess if they
don’t come up with something solid on WED
(Greece) the market may turn over
[11:23 am] trvlntrdr : plus the longer we
get into earnings season thing s can fizzle
out
[11:26 am] joeytsa : sites do that…i
remember when briefing gave a ton of free
stuff
[11:26 am] rusty : but still worth taking a
look at
[11:26 am] rusty : looks like greedy trader
site got greedy and put some of the better
stuff under wraps
[11:27 am] joeytsa : me either…i gave a
few sites out last week..some decent free
stuff, but the main stuff is subscription
[11:27 am] ppann : gonna sell every rally
from here
[11:27 am] rusty : can’t blame them
[11:27 am] trvlntrdr : FSLR going down as
predicted earlier
[11:27 am] trvlntrdr : I think they do that
to get people interested — and advertisers.
no reason they shouldn’t
[11:29 am] mikewd2 -: VRUS at lod[11:30 am]
trvlntrdr : rusty get s credit for FSLR
notification
[11:31 am] trvlntrdr : made a (sim) $1
[11:35 am] joeytsa : nice job trv !!
[11:37 am] ronfrac : FSLR approaching
support
[11:37 am] sonorant : I know that problem —
nailed by low blood sugar
[11:37 am] trvlntrdr : well as I pointed out
I give Rusty the credit. I should have made
more but I got hungry and had to leave!
[11:38 am] joeytsa : still a profit..good
call rusty
[11:40 am] joeytsa : ANF hod…not sure if
there is much money in it, but has been
trending up all day
[11:42 am] apple : thx MK, B, K and
everyone. Gotta go pick up my son from
school. Everyone have a terrific evening.
See you all tomorrow!
[11:42 am] ronfrac : MRO trending
[11:44 am] joeytsa : not sure if this will
lead to a trade, but NFLX seems to using that
117 level as a hinge
[11:46 am] rusty : NFLX earnings today
[11:46 am] sonorant : trv, what is
tc2000?
[11:46 am] trvlntrdr : on tc2000
[11:46 am] trvlntrdr : pn tc2000 117 is
where the most volume has occurred in the
last month
[11:47 am] joeytsa : interesting trv[11:47
am] sonorant : ok, thanks
[11:47 am] trvlntrdr : the newest worden
bros charts
[11:48 am] sonorant : and what does pn
mean?
[11:48 am] trvlntrdr : for support and
resistance. I meant to type on
[11:48 am] trvlntrdr : they have a “volume
at price” indicator. I think freestockcharts
has it too
[11:49 am] amersaeed : pn was typo for ON
[11:49 am] joeytsa : funny, internet lingo
for owned is pwned[11:49 am] joeytsa : MCP
little spike up
[11:49 am] trvlntrdr : yep
[11:51 am] joeytsa : MCP just spiked up to
the r2 level and then a bit down…need to
learn more about pivot points
[11:51 am] trvlntrdr : Do you remember PM
Batty in Dallas?
[11:52 am] joeytsa : i don’t remember, might
have been b4 i joined
[11:52 am] trvlntrdr : He had pivots on his
charts that seemed different than normal
pivots
[11:53 am] joeytsa : you can get indicator
crazy
[11:53 am] trvlntrdr : I was intrigued by
his charts but I couldn’t find those pivots
since.
[11:53 am] trvlntrdr : The ones I now are
only from the day before.
[11:54 am] trvlntrdr : I know I think they
all have value but i am sticking to Mitch’s
that he uses on the videos plus VWAP
[11:55 am] joeytsa : i like the look of
Mitch’s charts in the room
[11:55 am] joeytsa : same here, still trying
to get LS to add vwap….most likely will
sign on with esignal soon though
[11:56 am] trvlntrdr : what charts do you
use with LS?
[11:57 am] joeytsa : and 19 on street smart
edge
[11:57 am] joeytsa : i use 1 LS chart
[11:57 am] joeytsa : well
[11:58 am] amersaeed : did any one bullish
on NFLX… how about earning .. what you guys
think
[11:58 am] joeytsa : ES/Cl charts up on
NT
[11:58 am] joeytsa : then whatever charts
Mitch puts up
[11:59 am] amersaeed : thanks
[11:59 am] joeytsa : GMCR getting a little
pop
[11:59 am] rusty : KMB bounce
[11:59 am] trvlntrdr : amer, I was taught
not to hold positions into earnings
[11:59 am] trvlntrdr : it is a total
gamble
[12:00 pm] joeytsa : if anything amersaeed,
maybe hold an option…smaller loss that way
if it goes against you
[12:00 pm] rusty : market hod[12:00 pm]
rusty : SODA hod[12:02 pm] ppann : short
ES1251.75 1st leg
[12:02 pm] trvlntrdr : Brent do agree about
not buying a stock right before earnings?
PPAN?
[12:04 pm] amersaeed : I am subscribe for a
new letter from Zacs wisper… made lot of
money but lose lot of money as well
[12:04 pm] amersaeed : Zacks.com
[12:04 pm] rusty :
http://www.youtube.com/watch?v=y1Nd1qtk1Go
video of trader buying stocks before
earnings
[12:05 pm] joeytsa : honestly to me the
earnings play is either the run up/down into
the report but get out b4, and sometimes a
nice play on the opening after the report
[12:05 pm] ppann : 1252 ‘s are no good
[12:05 pm] rusty : agree joey, better to
play the reaction that guessing which way it
will go
[12:05 pm] trvlntrdr : Exactly, joey, that
is not what he is doing though
[12:05 pm] trvlntrdr : you are right the
stock will move around a lot. But even
insiders cant predict reaction to earnings.
Only hold it you are willing to have short
term loss
[12:06 pm] joeytsa : NFLX weekly 115c is
$7.50, 120p $10…seems expensive to me
[12:06 pm] trvlntrdr : very volatile
stock
[12:07 pm] joeytsa : lower volume stock
[12:07 pm] joeytsa : STRA nice spike up
[12:07 pm] ppann : redid the same tlt/spy
spread
[12:08 pm] joeytsa : obama just landed here
in vegas[12:11 pm] joeytsa : i have to get
up there
[12:11 pm] joeytsa : NFLX broke thru that
117 level
[12:12 pm] joeytsa : that break came on
higher volume also
[12:14 pm] ppann : took half off +3.25 10
cars
[12:14 pm] trvlntrdr : my best trade ever on
GMCR.
[12:15 pm] sonorant : NFLX was pretty strong
on that drop
[12:17 pm] mikewd2 -: let’s see if SPY can
break this resistance
[12:18 pm] mikewd2 -: i guess that was
support – for a reason
[12:19 pm] candelas : got some of the
move
[12:19 pm] candelas : that was a nice
ride
[12:19 pm] joeytsa : NFLX rockin’
[12:19 pm] joeytsa : started with that break
over 117
[12:20 pm] joeytsa : i took $1
[12:20 pm] mikewd2 -: are u long Joey?
[12:20 pm] mikewd2 -: on NFLX, haha[12:20 pm]
sonorant : do I dare dip again for more?
[12:24 pm] lightning : Brent/Kris, on the
breakaway strategy one of the scans is for
stocks that haven’t moved much in the last
week. I can’t seem to do that on FinViz.
Can it be done on Trade-Ideas?
[12:28 pm] rusty : SCSS retreating
[12:29 pm] Brent : I haven’t found a good
scan for that strategy on Trade ideas
Lightning
[12:29 pm] Kris : what platform are you using
matt?
[12:29 pm] Kris : with esignal?
[12:29 pm] lightning : Lightspeed[12:29 pm]
lightning : thanks, Brent.
[12:29 pm] ppann : took another 5 off at
1246, from 1251.75…5 left
[12:30 pm] Kris : you have trade ideas
right?
[12:30 pm] lightning : yes
[12:31 pm] Kris :
http://www.trade-ideas.com/StockInfo/7_day_co
nsolidation.html
[12:31 pm] Kris : you can do it in
tradeideas[12:31 pm] lightning : great…now
I really have reasons to get trade-ideas
[12:31 pm] lightning : not yet.
[12:31 pm] lightning : thanks, Kris
[12:32 pm] Kris : and then set your alerts on
esignal[12:32 pm] Kris : for something like
that matt
[12:32 pm] Kris :
http://www.trade-ideas.com/StockInfo/_Screene
rConfig.html
[12:32 pm] Kris : I think you can use their
free end of day scanner
[12:32 pm] lightning : Thanks, Kris. I’ll
give it a crack!
[12:32 pm] ppann : sell programs
[12:33 pm] trvlntrdr : thanks for your help
everyone, esp MK, Kris, Brent cya[12:36 pm]
rusty : JPM reducing target on FSLR
[12:36 pm] rusty : to $50
[12:40 pm] trvlntrdr : ($50)
[12:40 pm] trvlntrdr : trying to get there
before 4 pm:)
[12:42 pm] ronfrac : I’ve been trying to
short fslr all day. no stk available
[12:44 pm] mikewd2 -: GMCR
[12:44 pm] sonorant : ronfrac, what
platform, what broker?
[12:47 pm] rusty : FSLR has a big short
interest
[12:47 pm] rusty : over 20M short as of end
of Sept
[12:48 pm] rusty :
http://www.nasdaq.com/symbol/fslr/short-inter
est
[12:49 pm] ppann : my c/a in SFSF is 25.97,
I’m gonna try and swing this short. See if i
have the patience…lol[12:50 pm] ppann : oh
cost average
[12:50 pm] sonorant : ppann c/a stands
for?? something average?
[12:51 pm] ppann : your welcome sonorant
[12:51 pm] sonorant : gotcha, thanks
[12:52 pm] ppann : cvrd my last lot at
1245.5 on the ES
[12:52 pm] sonorant : tomorrow morning I am
not trading at all, or I am only going to
trade 3 shares (as opposed to my 30) for the
first 30 minutes!!!! I hate starting out
the day in the hole.
[12:53 pm] doji : Anyone betting on NFLX
[12:54 pm] mikewd2 -: guess it depends on
which way you bet.
[12:54 pm] sonorant : it might not be a bad
bet doji — especially if the market holds
[12:55 pm] amersaeed : I am thinking up
[12:55 pm] sonorant : did you buy any
earlier today at 115.50 or 116?
[12:56 pm] mikewd2 -: could be a wild ride
[12:56 pm] shark : my understanding is that
NFLX confirmed that earnings estimates are as
estimated by Wall Street avg consensus
[12:56 pm] shark : so only thing to listen
for on NFLX is “guidance”
[12:56 pm] sonorant : We may be up at least
until that European meeting on Wednesday —
though their time zones are earlier than ours
by enough that it could just be thru Tuesday
for us before it impacts us.
[12:57 pm] mikewd2 -: what to do with
streaming versus dvds[12:57 pm] rusty :
http://www.forbes.com/sites/greatspeculations
/2011/10/21/netflix-earnings-on-monday-could-
spark-run-to-195/
[12:57 pm] shark : estimated
earnings/expenses down the road
[12:57 pm] shark : for next quarter and
beyond
[12:57 pm] sonorant : what is “guidance”?
[12:58 pm] shark : if you do a trade on NFLX
a call spread could reduce costs greatly
[12:59 pm] amersaeed : I have call spread on
NFLX 135/140 Jan 13
[12:59 pm] amersaeed : my cost is 1.8
[12:59 pm] mikewd2 -: TXN hod[12:59 pm]
observer : Take care, Brent
[12:59 pm] ppann : ccj nice move
[12:59 pm] shark : AWESOME amersaeed!!!
[12:59 pm] shark : you’ll catch next
quarter’s earnings reports if you have to
stay in that long
[01:03 pm] rusty : SPY lowest volume day
since July
[01:04 pm] rusty : NFLX .99 expected
[01:05 pm] ppann : nflx pop
[01:06 pm] rusty : 124-103 good reason not
to try to play earnings
[01:06 pm] rusty : 99
[01:07 pm] ppann : guided lower
[01:07 pm] rusty : Netflix, Inc. $NFLX Posts
Q3 EPS of $1.16, vs. cons. 95c, sales $822M,
vs. cons. $811M
[01:07 pm] sonorant : man — what happened
to it?
[01:07 pm] sonorant : what is cons.?
[01:08 pm] ppann : grabbd some at 100
[01:08 pm] rusty : .95-.99
[01:09 pm] ppann : out +3
[01:10 pm] sonorant : so wait, rusty, given
what you just said, it sounds like they did
better than the consensus. So why is it
tanking?
[01:11 pm] ppann : 0ut +2
[01:11 pm] sonorant : heavens, is earning
seasons always like this after hours?
[01:12 pm] ppann : kind of
[01:12 pm] rusty : the whole story with NFLX
is whether they are going to grow like they
have been….so even if they meet or beat
their #, if no growth then no real reason to
be long
[01:13 pm] ppann : long every trade on
nflx[01:15 pm] rusty : at current earnings
and 118 on the close they are trading at a PE
of 28-30 or so, they need to grow 30% per
year to justify that valuation
[01:16 pm] ppann : been busy with the euro
last 20 min
[01:16 pm] ppann : took .23 that
time..yuck[01:16 pm] sonorant : a good PE is
around 10 isn’t it?
[01:17 pm] ppann : NFLX beat but their
subscriber growth imploded
[01:18 pm] rusty : depends on stock
sono….for the SPY that would be a pretty
good avg PE
[01:20 pm] ppann : 1.2 mill share traded in
10 min on nflx[01:20 pm] ppann : ftnt i’m
gonna hold till premarket tom
[01:20 pm] rusty : I’m always amazed
watching daytraders all getting long NFLX and
other volatile stocks before earnings, like a
lottery ticket, and then after the stock
tanks, they are all quiet
[01:22 pm] ppann : ooh bid on SfSF is 25.4
🙂
[01:22 pm] rusty : at 92 NFLX trading at PE
of 23
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