[06:23 am] Brent : good morning
[06:25 am] Mitch : watching KITD on the daily
chart, developing into a possible short
soon
[06:32 am] Mitch : watching EQIX for short
[06:33 am] Mitch : monitoring NFLX for bottom
to buy soon
[06:34 am] Brent : Ignore WYNN, needs to drop
more, scaling was off
[06:34 am] Brent : watching WYNN for a
bounce
[06:34 am] Mitch : watching LVS for bottom
[06:36 am] Brent : MCP looking weak
[06:37 am] Mitch : consider covering 1st
helping short on EQIX here 94.90
[06:37 am] Mitch : MDT toppy, short soon
[06:37 am] Mitch : watching for top in
TSLA
[06:37 am] Mitch : watching NFLX closer
[06:38 am] Brent : watching BRLI for a
bounce
[06:39 am] Mitch : WTW short soon
[06:41 am] Mitch : consider closing NFLX
long
[06:41 am] Mitch : new high of day for sp 500
and other indexes
[06:42 am] Brent : watching PXP for a
short
[06:43 am] Mitch : monitoring ESRX for top,
not in hurry
[06:43 am] Mitch : watching for short in APKT
soon
[06:44 am] Mitch : consider selling LVS
here
[06:44 am] Mitch : watching for more drop in
NVDA before long
[06:45 am] Mitch : UNH turning over
[06:45 am] Mitch : watching JOE for top
[06:46 am] Brent : consider reducing PXP
[06:46 am] Brent : next target 35.80 area on
PXP
[06:46 am] Mitch : ROK turning over
[06:47 am] Mitch : expecting shorts to mature
nicely this morning, this wave should be
good
[06:48 am] Mitch : let it stop dropping
before buying
[06:48 am] Mitch : watching MCP for bottom
[06:49 am] Mitch : healthcare stocks looking
strong, a little too strong to short: AET,
HUM, UNH
[06:50 am] Mitch : the bottom in MCP going to
be good one, still waiting
[06:51 am] Mitch : ROK looking good on
short
[06:52 am] Mitch : with a bottom like MCP,
common to get what looks like false starts
but should get to 34.60 area
[06:53 am] Mitch : JAZZ short here
[06:55 am] Brent : SPY still trending up
testing hod[06:59 am] Mitch : hopefully you
closed
[06:59 am] Mitch : MCP not making it to
34.60,
[07:02 am] Mitch : watching SPRD for short
[07:05 am] Mitch : JOE toppy
[07:05 am] Mitch : remember 15 cents on JOE =
1% profit
[07:06 am] Mitch : JAZZ short should be
stopped
[07:12 am] Mitch : build chart in EQIX again,
looking for 2nd short on this, maybe 95.50
area
[07:13 am] Mitch : PANL toppy for short
[07:13 am] Mitch : see how much EQIX
corrected first short? they repeat same
pattern in terms of correcting hard again
[07:14 am] Mitch : consider covering TSLA
here 32 area
[07:15 am] Mitch : forget MDT as 2nd short,
not enough money
[07:20 am] Mitch : EQIX not ready yet, still
strong, maybe 95.80-96 area
[07:32 am] Mitch : market is strong
[07:32 am] Mitch : new highs
[07:54 am] Mitch : just when i thought we
were going to have a nice selling cycle,
positive news comes out of Europe, lol[08:09
am] Mitch : new low on CELG
[08:12 am] Mitch : now this rebound in CELG
should poop out and be shortable[08:13 am]
Mitch : the short on bounce is not a long
term one, real quick, any profit will do,
that sort of mindset
[08:14 am] Mitch : i would not try for a 2nd
helping long on CELG, just leave it alone for
now, unless new low and bigger drop
[08:16 am] Brent : CHK moving
[08:19 am] Mitch : consider reducing MAKO
[08:19 am] Mitch : if you look at a chart
like MACO and you see that leg down from
33.15 to 31.80 area and have a small wimpy
bounce, then another big leg down…… you
should expect to have a big bounce
although
[08:19 am] Mitch : the bigger the drop the
bigger the bounce
[08:22 am] Brent : good eye mhaurs[08:22 am]
Brent : TSLA alert
[08:24 am] Mitch : looking for a short on top
of MAKO bounce, as usual, $32+ would be
interesting
[08:29 am] Mitch : a lot of downside risk ,
let it drop or short small amt[08:29 am]
Mitch : watching for bottom in PPO
[08:30 am] Mitch : you guys and gals probably
like the slow and steady ones like MAKO; they
are easier to make money with for sure
[08:32 am] Mitch : MAKO top here, consider
selling and or small initial short
[08:33 am] Mitch : also keep an eye on
CELG
[08:33 am] Mitch : if CELG has another drop
to new lows, let it drop more and watch for
bottom for decent bounce, don’t be in
hurry
[08:33 am] Mitch : watching TEVA,
monitoring
[08:34 am] Mitch : nope, new low, forget
long
[08:34 am] Mitch : watching for bounce on PPO
unless new low
[08:35 am] Mitch : ok, this PPO could have a
lot of downside risk, look at daily chart
FYI
[08:36 am] Mitch : i would use these bounces
in PPO to initiate small shorts
[08:38 am] Mitch : the trading in PPO chart
looks herky jerky because it is a listed
stock on exchange and big spread
[08:39 am] Mitch : a lot of stocks strong,
only consolidating with no pullback, just
like indexes, use SPY, etf for SP-500
[08:39 am] Mitch : CELG presenting another
long soon
[08:40 am] Mitch : new low on CELG, it’s what
we want to set up for good long bounce, just
let it keep dropping, esp if short
[08:40 am] Mitch : watch PPO could make new
lows as well
[08:44 am] Mitch : don’t ever forget that,
even if you have a stroke
[08:44 am] Mitch : or get Alzheimer’s
[08:44 am] Mitch : see that volume on CELG
with my blue mark?
[08:45 am] Mitch : consider reducing CELG
long soon
[08:45 am] Mitch : you must understand that
the volume pattern here is selling exhaustion
coming to a climax and the remaining players
are long buyers
[08:49 am] Mitch : ROC not ready, just
watching
[08:49 am] Mitch : start watching ROC,
increasing volume
[08:50 am] Mitch : looking for 45.50 area on
ROC and then evaluate
[08:51 am] Mitch : CELG, its over
[08:54 am] Mitch : hey you guys, I am leaving
in about an hour on a hot weekend date with
the wife. Both bring our laptops, I bring an
extra monitor, new yellow legal pad, pens,
extra glasses
[08:54 am] Mitch : Kris is sick
[08:55 am] Mitch : so its Brent, Mike and
Tonya
[09:20 am] Mitch : monitor APKT
[09:39 am] Brent : PPO approaching lod[09:56
am] Brent : It’s definitely Friday
[09:57 am] Brent : right
[09:57 am] Brent : see you Monday Eyes
[09:57 am] Brent : yeah, this morning was
actually busier than I thought it would be
[10:08 am] Brent : SPY approaching hod[10:10
am] Brent : TNA at hod[11:32 am] Brent : TNA
could give a nice breakout long over
hod[11:55 am] Brent : TSLA moving
[01:00 pm] Brent : have a great weekend. See
you on Monday
[01:07 pm] Brent : I’ve got to shut this room
down guys. Everyone is gone for the weekend
|
[06:13 am] doji : Gaps Up: NVDA, GMCR,
VMED
[06:13 am] doji : Gaps Down: ETFC
[06:14 am] doji : Gap down:RDN[06:14 am]
joeytsa : GMCR only gapping 55cents
[06:14 am] ben4givn : Special thanks to all
the vets out there!
[06:14 am] joeytsa : DIS is gapping up
[06:15 am] truck : Well said Ben.
[06:15 am] joeytsa : Richard, what was your
buy point on DIS?
[06:15 am] qwert : hey everybody i have a
question i shorted gmcr yesterday below 40 at
39.95 thought i had cancelled out the order
but did not. found out when i came back to
computer any thoughts on stop placement now
or just cover?
[06:16 am] joeytsa : tough one qwert, i
don’t risk more than 3% of my total account
value on holds..not sure what everyone else
does
[06:17 am] doji : Qwerty, GMCR has dropped
from the high 60s so if it gets a lift today
with the market, it could really hurt
you….
[06:18 am] doji : Better to have a small
loss rather than a big one…
[06:18 am] joeytsa : agree doji..seems to
have a little magnet around the 40.90 area
also
[06:18 am] doji : If it spikes at the open,
you can then short it again depending how the
markets move
[06:20 am] qwert : thanks guys
[06:22 am] richard : 34.69 on DIS Joey
[06:22 am] doji : Disclaimer: Any advise
provided by Doji is base in good faith. Doji
doesn’t guarantee anything so your take his
advise under your own risk. However, if his
advise becomes a profitable trade, you have
to share your profits with him. 50% sharing
is advised….
[06:23 am] chris : Good morning everyone…
i’m a new guy…. will be doing lots of
watching and learning and a little
trading.
[06:23 am] candelas : more than likely will
put in an inside day meaning today’s range
will be much smaller than yesterday, it does
have resis. 42.71 and lot of consolidation
around 43.29
[06:23 am] lightning : good morning and
welcome Chris
[06:23 am] Mitch : hi chris welcome
[06:23 am] shark : welcome new guy, Chris.
Gm everyone!
[06:23 am] doji : Welcome Chris
[06:24 am] mikewd2 -: KIT Digital valuation
still “unreasonably low,” says Roth
Capital
[06:24 am] cowboyh : welcome to the room
chris[06:25 am] joeytsa : nice profit so far
richard…put the stop at a level where you
can lock in a nice profit no matter what
[06:25 am] truck : welcome Chris… You will
like it here.
[06:25 am] candelas : so if ur small, u can
see how it acts around those levels and add
to short to bring down avg. other than that
just take loss and move on
[06:25 am] joeytsa : DIS is dropping a bit
at the moment
[06:26 am] joeytsa : all depend on how much
profit you want to risk
[06:27 am] lightning : to any of you in the
room who are veterans, thank you for your
service to me, my family, our country
[06:27 am] joeytsa : amen lightning
[06:28 am] shark : nobody likes AAPL anymore
on CNBC 🙁
[06:28 am] joeytsa : i don’t see KITD, Brent
you better start pedaling faster 🙂
[06:30 am] apple : thx MK, was watching KITD
yesterday
[06:30 am] shark : NFLX down
[06:31 am] joeytsa : SLB big open candle
[06:31 am] doji : I wouldn’t S SLB
[06:32 am] mikewd2 -: GMCR looking weak
[06:33 am] joeytsa : keep trailing up on DIS
richard
[06:33 am] joeytsa : if you get stopped and
really like it, you can always get back in
[06:34 am] shark : NFLX continues
weakness
[06:35 am] joeytsa : AMZN gap close 🙂
[06:36 am] joeytsa : APPL diving too
[06:37 am] pandozzi : made a quick .60 eqix
thx mitch[06:37 am] doji : KITD S
[06:37 am] doji : 12.12
[06:37 am] mikewd2 -: qwert, you get out of
GMCR?
[06:39 am] qwert : oh yeah
[06:43 am] pandozzi : long lvs @44.22
[06:43 am] joeytsa : nice price
pandozzi[06:44 am] joeytsa : both BIDU and
SINA closed their gap
[06:44 am] pandozzi : out @44.52
[06:45 am] pandozzi : thx man for a quick
900
[06:45 am] joeytsa : 15 minutes and done
🙂
[06:46 am] joeytsa : watching VMW
[06:47 am] joeytsa : lower vol stock
though
[06:47 am] shawnt4 : how is UNH looking
[06:49 am] joeytsa : APPL lod after slight
bounce and fail at the prev cl
[06:50 am] joeytsa : shark: what level did
we talk about yesterday as possible
pinning..was it 383 cant remember
[06:50 am] joeytsa : on APPL i mean
[06:50 am] shark : 385
[06:51 am] derns : MCP…earnings miss in
release yesterday afternoon
[06:51 am] joeytsa : thanks..let’s see if it
bounces back to that area
[06:51 am] shark : Usually on Friday’s it
pings to a different level than from Thu
[06:52 am] shark : Just broke the100 day ma
-AAPL
[06:52 am] joeytsa : true…just said it
because you noticed a lot of action there
yesterday
[06:52 am] rusty :
http://www.businessinsider.com/cleveland-rese
arch-cutting-ipad-estimates-2011-11
[06:53 am] pandozzi : in mcp 33.95
[06:53 am] joeytsa : i love stocks like MCP
today
[06:55 am] apple : when it trades in the
$30’s, it is fun, otherwise it’ll beat you
[06:55 am] joeytsa : MCP chart will be
printed and studied
[06:55 am] joeytsa : bad earnings, gap down,
slight pop on open and then hammer it
short
[06:56 am] pandozzi : go mcp[06:56 am]
mikewd2 -: stopped on JAZZ, ouch.
[06:56 am] apple : i’m with you on this one,
pand – L MCP 34,01
[06:56 am] joeytsa : did you short jazz
mike?
[06:57 am] mikewd2 -: yes
[06:57 am] mikewd2 -: per mitch directions
[06:57 am] joeytsa : GMCR toppy?
[06:57 am] candelas : covering my aapl swing
short from 403.11
[06:57 am] observer : thx, Mitch, MCP, L
34.04, sld 34.29
[06:58 am] lightning : nice candelas
[06:58 am] electrader : mikewd2 – JAZZ
started a little consolidation with
stochastics going down usually it will
head on up as per Kris
[06:58 am] candelas : will talk about
bearish pattern it had later today
[06:59 am] rusty : COG early radar for a
swing short based on daily chart
[06:59 am] doji : Did you sell your GMCR
qwert?
[06:59 am] qwert : yep
[06:59 am] electrader : I can’t see that
this rule is etched in stone, but I have been
following these patterns and they generally
fall true
[07:00 am] shark : NFLX next stage down
[07:00 am] observer : Thx, Mitch, NFLX
l84.66, sld, 84.84
[07:01 am] Mitch : how did you guys do with
MCP long
[07:01 am] candelas : great,
[07:01 am] mikewd2 -: even
[07:01 am] finn : very well, thank-you
[07:01 am] shawnt4 : I bought it too late
and it turned
[07:01 am] apple : good thx, MK
[07:01 am] joeytsa : didn’t play MCP long,
but took the original short from the open
[07:01 am] candelas : i was short from open
and reversed on ur call long
[07:02 am] shawnt4 : i also shorted Jazz and
it broke a new high [07:02 am] doji : SPY
testing hod[07:02 am] joeytsa : added on
that that candle @ 6:40
[07:02 am] joeytsa : pst[07:03 am] shark :
SPY at hod[07:03 am] joeytsa : UofM consumer
sentiment up to 64.2 from 60.9…61.3 was
forecast
[07:04 am] joeytsa : JAZZ was a nice long
[07:04 am] joeytsa : broke thru both
pivots
[07:05 am] doji : SPRD too strong
[07:05 am] joeytsa : held the ma’s for the
most part
[07:05 am] rusty : VIX 29’s
[07:06 am] lightning : S JOE 15.17
[07:06 am] joeytsa : richard: how are you on
DIS?
[07:07 am] doji : 28 cents on SPRD = 1%
[07:07 am] duckfan : Watching BKS
[07:07 am] doji : SPRD S here
[07:08 am] rusty : For those of you who are
risk tolerant RAYS short looking interesting
again
[07:08 am] doji : 27.92
[07:08 am] pandozzi : out mcp small
profit
[07:08 am] doji : stop 28.12
[07:08 am] apple : watching PANL
[07:10 am] richard : joey, I should have
stayed in longer
[07:10 am] joeytsa : didn’t know you got
out
[07:10 am] joeytsa : did you just sell or
did it hit a stop?
[07:11 am] richard : sold out at 37.07
[07:12 am] joeytsa : apple: PANL holding
support around 51.50, see where it goes from
here
[07:12 am] shark : NFLX stalled at yesterday
close -4th time
[07:13 am] rusty : Analyst defending AAPL
[07:13 am] bandit : tsla dropping like a
rock
[07:14 am] pandozzi : mcp looking for
another pop
[07:14 am] doji : SINA turning
[07:15 am] lightning : S SPRD avg 27.75
[07:15 am] joeytsa : good eye doji, just
closed my SINA long
[07:15 am] pandozzi : just grabbed another
.50 mcp[07:15 am] joeytsa : didn’t
reverse
[07:16 am] pandozzi : up 3 gs got to go for
awhile see u guys later
[07:16 am] doji : out 1/2 SPRD here
[07:16 am] shark : good job, pandozzi[07:16
am] doji : at 27.64, 1%
[07:16 am] joeytsa : nice work
pandozzi[07:17 am] doji : Moving my second
1/2 at be SPRD
[07:17 am] doji : FSLR moving up
[07:17 am] joeytsa : doji, I am waiting to
see if SINA holds support and can bust thru
R1
[07:17 am] richard : BRLI
[07:18 am] joeytsa : looks like support
failed on SINA
[07:18 am] doji : SINA needs to brake below
77.5
[07:19 am] joeytsa : AMZN nice move off of
the double bottom..heading to slight res
[07:20 am] shark : a lot of gaps filled
first thing this morning, joey
[07:20 am] doji : SINA can bounce Joey
[07:21 am] doji : Good SINA drop
[07:21 am] Brent : anyone have news on
BRLI?
[07:21 am] lightning : covering JOE, not
acting like I expected
[07:21 am] derns : gmcr continues trending
up
[07:21 am] shark : investigative report,
Brent
[07:21 am] Brent : thx shark
[07:21 am] shark : from thestreetsweeper
blog
[07:21 am] doji : Closed SPRD
[07:22 am] joeytsa : yeah shark, some nice
moves today
[07:23 am] doji : SPY at trendline
support
[07:23 am] stryker : JOE stopped
[07:23 am] eyes : Joe no good
[07:23 am] shark : NFLX – near hod[07:24 am]
joeytsa : if it breaks higher, might get $1
profit
[07:25 am] shark : NFLX up volume decent –
sellers look contained for further up move
[07:25 am] eyes : we should have none with
joe it bites you every time
[07:25 am] doji : EQIX
[07:26 am] doji : Qwert, GMCR up 7.4% now
[07:26 am] shark : DMND up 2.6%
[07:27 am] shark : Joey, look at NFLX 10 min
chart
[07:27 am] doji : EQIX no ready yet
[07:28 am] joeytsa : never used a
10min…got enough stuff to look at
[07:28 am] shark : ok
[07:28 am] joeytsa : what do you see, i am
on the 15min now
[07:28 am] stryker : Is JOE too strong for
short? 1st short stopped out.
[07:29 am] doji : DMND
[07:29 am] shark : nice bullish pull back
from the recent down trend
[07:29 am] joeytsa : i see a slight break
above ma’s
[07:30 am] shark : ok
[07:30 am] joeytsa : you thinking long, or
waiting for a sign to hammer it short?
[07:30 am] shark : I’m long off the bottom
today
[07:30 am] shark : looking for upside sell
points
[07:30 am] doji : SPY new hod[07:30 am]
joeytsa : gotya, last few times its done
that it has turned…market strength can give
you a lift though
[07:30 am] observer : SLW hod[07:31 am]
joeytsa : just took 50cents off of that NFLX
move though…good eyes on calling it
[07:32 am] shark : I got shares at 84.50
area
[07:32 am] joeytsa : i mentioned that you
might get $1, i didn’t want to chance it
[07:32 am] joeytsa : off of the that
breakout
[07:32 am] joeytsa : crude getting ready to
break $99 wow
[07:33 am] stryker : JOE ready for short?
[07:33 am] rusty : JVA downgraded by
analyst
[07:33 am] duckfan : TZA looks
interesting
[07:33 am] shark : Ugh on crude! what you
earn in the mkt, the gas pump taketh some
[07:35 am] doji : Who wanted to short SLB at
the open?
[07:36 am] joeytsa : doji: i mentioned that
it gapped up
[07:36 am] shark : AAPL weak
[07:37 am] joeytsa : the short happened
right on the open, but this was more of an
Rgap due to the daily chart
[07:37 am] joeytsa : not an Rgap per the
rules though
[07:37 am] joeytsa : SLB slight pullback on
open, held support and has trended it right
up
[07:38 am] apple : and still going
[07:39 am] joeytsa : yeah apple, held the
pivot, following the 5ma up right thru next
pivot
[07:40 am] shark : there goes AAPL – retest
lod[07:41 am] truck : Been a long time since
AAPL down, with S&P up 24.00
[07:41 am] joeytsa : richard..i think you
did real good with that sell point on DIS
[07:41 am] shark : yeah, NFLX, live
today!
[07:42 am] joeytsa : AMZN looking strong
[07:43 am] doji : agggh I missed EQIX….
got distracted
[07:46 am] mikewd2 -: SINA hod[07:46 am]
joe12 : wtw volume spike?
[07:48 am] mh : is anyone using ninja trader
with IB brokers?
[07:48 am] truck : I keep thinking,,,,there
will be a short,,,AGCO…..But,,,maybe
not?
[07:48 am] doji : SPRD, EQUIX challenging
resistance
[07:49 am] apple : nice steady uptrend
truck
[07:50 am] doji : SPY just continues
climbing… tempted to buy TNA in a drop
[07:53 am] doji : SLB
[07:53 am] apple : i like those big moves
straight up for shorts
[07:53 am] doji : L here
[07:53 am] shark : AAPL higher highs, lower
lows today
[07:53 am] doji : broke over the hod[07:53
am] amersaeed : cree is going higher
[07:54 am] joemas99 : what’s hod[07:54 am]
apple : high of day
[07:54 am] doji : SPRD consolidating, hasn’t
move above 28 for the last hour
[07:54 am] duckfan : wait 5mins it might
change
[07:56 am] joemas99 : mcp sell coming up –
??
[07:57 am] rusty : BRLI ALERT
[07:58 am] shark : GOOG hod, big volume
[07:59 am] doji : Don’t see anything in
BRLI
[07:59 am] shark : AAPL wedging for possible
good move up/down
[08:01 am] Mitch : not much follow through
with the BRLI bounce rusty, must be some bad
news
[08:02 am] rusty : there was a short article
out on it yesterday
[08:02 am] truck : out AGCO,,,,plus .30
[08:04 am] Mitch : ok thx
[08:05 am] rusty :
http://thestreetsweeper.org/undersurveillance
/Bio_Reference__BRLI___Loads_of_Dirty_Laundry
[08:05 am] rusty : that being said has peak
volume today
[08:05 am] rusty : and day not half over
[08:06 am] rusty : JEF Puts BRLI Rating
Under Review After Second Short Report
[08:06 am] doji : DMND
[08:07 am] doji : L here
[08:07 am] rusty :
http://www.streetinsider.com/Downgrades/Jeffe
ries+Puts+Bio-Reference+Labs+(BRLI)+Rating+Un
der+Review+After+Second+Short+Report/6938779.
html was out early this am
[08:07 am] doji : tight stop
[08:07 am] joemas99 : mcp got away – can’t
wait for both macd lines to turn. Wish the 3
video set told us when to trade as the room
does. Anyone
[08:08 am] joemas99 : know where to find all
rules used here during morning?
[08:08 am] lightning : stopped SPRD
short.
[08:08 am] mikewd2 -: took awhile but was
finally stopped on SPRD short
[08:17 am] joeytsa : beautiful pivot moves
on CHK all morning
[08:18 am] joeytsa : WYNN consolidating,
might be setting something up
[08:18 am] joeytsa : triangle? Wedge
sitting right at a pivot and 5ma
[08:19 am] mikewd2 -: missed the call on MAKO
long
[08:20 am] joeytsa : good lesson mitch, esp
with that last big red candle
[08:21 am] joeytsa : not quite a cleanup
print but the green hammer looked good
[08:22 am] mhaus : TSLA
[08:23 am] joeytsa : heck of a move
mhaus[08:24 am] mhaus : yes, that was a good
move
[08:26 am] joeytsa : see if TSLA can hold
this support
[08:28 am] mhaus : PPO
[08:28 am] rusty : CHK spinoff CHKR began
trading today
[08:29 am] rusty : INCY radar
[08:29 am] joeytsa : great short on PPO
[08:35 am] shark : FAILED at 50day ma
today
[08:35 am] shark : PPO
[08:37 am] Mitch : good scanning mhaus, you
beat my staff by almost a minute
[08:38 am] joeytsa : brent has to pedal
faster
[08:38 am] mikewd2 -: U.S. scrutinizing
lithium-ion batteries after Volt fire,
Bloomberg says
[08:42 am] shark : AAPL broke out of very
tight wedge to the upside – quick 1.16
[08:42 am] shark : nice volume break out
too
[08:43 am] joeytsa : yeah shark and look
where it’s at hmmmmm 🙂
[08:43 am] joeytsa : right about where it
opened and you saw the action yesterday
[08:44 am] mikewd2 -: ‘CELG L 62.80 out
63.4
[08:45 am] shark : AAPL to 390?
[08:46 am] joeytsa : love that high volume
selloff
[08:46 am] apple : thx MK – it is embedded
in my brain
[08:47 am] stryker : Mitch, what about MAKO?
Keep watching?
[08:47 am] joeytsa : sometimes that’s called
a cleanup print
[08:47 am] doji : SLB volume pattern?
[08:48 am] Mitch : you still long MAKO
stryker?
[08:48 am] rusty : ALIM halt
[08:48 am] stryker : No watching for
short
[08:48 am] Mitch : these stocks aren’t coming
down much, the V pattern is strong, indexes
are powering up, not much selling after the
sellers are gone, look at PPO, MAKO,
CELGEQIX, NVDA,
[08:49 am] joeytsa : SINA has been strong
since the market on open short gap close
[08:50 am] joeytsa : PPO was nice
[08:50 am] joeytsa : CELG also…great
calls
[08:50 am] doji : Yesterday close
[08:54 am] joeytsa : hope you enjoy it
Mitch…well deserved
[08:55 am] joeytsa : rusty…i honestly
can’t even read level2 anymore…seems to
have changed
[08:55 am] Mitch : level 2 has changed
because people can lie about their position
size joey
[08:56 am] joeytsa : that’s what i felt was
happening
[08:56 am] rusty : L2 more difficult with
boxes and algos[08:56 am] Mitch : no, you can
totally fabricate
[08:56 am] joeytsa : thanks for the
confirmation
[08:56 am] shark : I could trade just using
level 2 in the 90’s
[08:56 am] doji : Anyone got ROC?
[08:56 am] joeytsa : trying to read
t/s…but just information overload…trying
to simplify trading
[08:56 am] Mitch : you can do that in
Lightspeed, designate lower order size, can
have an order for 2,000 shares and choose to
only show 100 shares
[08:57 am] richard : Mitch – Great teaching
today…enjoy your week-end!!
[08:57 am] doji : You can do that also in
TOS
[08:57 am] Mitch : what is more reliable are
the indicators because indicators are based
on actual order flow, time, volume, price
[08:58 am] joeytsa : that’s where i have
switched
[08:58 am] doji : TOS Joey?
[08:58 am] joeytsa : using indicators/vol
and now pivots with your chart settings
[08:58 am] joeytsa : seeing things in 3D
high def..instead of 13″ b&w[08:58 am]
rusty : FSLR hod[08:58 am] mhaus : HII
[08:59 am] joeytsa : no TOS doji[08:59 am]
doji : Ah Joey, hey sorry for my ignorance
but do you use Pivots?
[08:59 am] chris : Good teaching info today
Mitch and all… just what I’m looking for,
thanks!
[08:59 am] doji : Can you drop me an e-mail
Joey on your pivots please?
[09:00 am] joeytsa : i just started 2 days
ago doji…very intriguing stuff but might
just be like ma’s in being self-fulfilling
[09:00 am] akram : apkt alert
[09:00 am] joeytsa : chris…stick around,
always great teaching here
[09:00 am] doji : Small drop Akram[09:01 am]
joeytsa : no prob doji…noticed that
lightspeed and schwab have them set a bit
different
[09:01 am] doji : np Joey, just send me a
few lines on how to use that..
[09:01 am] joeytsa : i used to watch cnbc
also..if i saw a ticker repeating i would buy
haha[09:01 am] shark : or a Dan Dorfman
trade
[09:01 am] rusty : ALIM FDA not approving
drug
[09:02 am] shark : WOW, joey, yeah the CNBC
indicator
[09:02 am] joeytsa : i used MBTRading
originally
[09:03 am] joeytsa : they had realtick,
learned about gaps from a guy who was a
market maker
[09:03 am] joeytsa : realtick was i believe
townsend analytics
[09:04 am] apple : EW trending today
[09:04 am] joeytsa : also taught me how to
cut spreads…one day might try to get back
into that
[09:05 am] joeytsa : AMZN hod, see if it
bust thru res
[09:05 am] shark : options sure wasn’t that
easy back then, joey
[09:05 am] joeytsa : no..and rt commissions
were nuts compared to today
[09:05 am] apple : cut spreads?
[09:06 am] shark : yeah, like $100-500 on a
couple of in/out trades
[09:06 am] joeytsa : i used schwab for
options haha, about $45 rt[09:08 am] rusty
: FDA Rejects ALIM / PSDV ILUVIEN drug
[09:08 am] apple : haha, bring some back for
me
[09:08 am] rusty : still halted
[09:09 am] apple : AMZN hod[09:10 am] shark
: CMG hod[09:12 am] shark : BKS up a
whopping 8.5% today – AGAIN
[09:12 am] apple : APKT lod[09:12 am]
stocktime29 : I am happy to be here! Thanks
for the welcome.
[09:13 am] shark : hi stocktime29!
[09:13 am] apple : hello stocktime[09:13
am] apple : nice on that BKS, shark
[09:14 am] shark : 20-25% of earnings from
Nook for BKS
[09:14 am] joeytsa : welcome stocktime[09:14
am] shark : AAPL rally
[09:15 am] observer : GLD hod[09:15 am]
joeytsa : that’s why you wait b4 you put on
a pinning spread
[09:16 am] shark : Greece, Italy, Europe
looking better than it has in weeks, and GLD
up, go figure!
[09:17 am] shark : must mean europe closer
to printing way out of debt vs stalling/in
fighting
[09:21 am] joeytsa : $2 off of that APPL
move
[09:21 am] rusty : DMND lod[09:21 am] shark
: finally got a bullish AAPL analyst on
CNBC
[09:21 am] joeytsa : only 300 shares..bucket
drop
[09:22 am] mhaus : BRLI
[09:22 am] apple : BRLI down all day
[09:23 am] joeytsa : hit almost $21 end of
oct[09:23 am] joeytsa : down 50%
[09:23 am] joeytsa : or thereabouts
[09:25 am] joeytsa : Mitch..nice cal on
APKT, blew right thru prev cl
[09:26 am] joeytsa : sitting near a pivot
[09:26 am] lightning : APKT could have
support here at 36.50 area, today’s low and
yesterday’s low.
[09:27 am] joeytsa : spot on lightning
[09:27 am] joeytsa : that’s S1 , $35.80 is
S2
[09:27 am] joeytsa : if it break below
[09:29 am] shark : DMND -doggish near lod
-big volume
[09:29 am] joeytsa : BKS big spike
[09:30 am] eyes : S CELG 64.06
[09:32 am] joeytsa : AGQ hod[09:36 am]
lightning : seems like everything is in slow
motion this afternoon
[09:37 am] apple : holiday. and on that
note, we have a party to go to. Thx MK, B
and everyone. Have a happy weekend. And
thanks to our veterans.
[09:37 am] shark : waiting for my options to
expire -time decay -like watching paint
dry
[09:38 am] Brent : have a great weekend
apple
[09:40 am] rusty : ALIM PSDV resume 12:50
[09:50 am] rusty : ALIM resume
[09:51 am] rusty : ALIM halt
[09:55 am] eyes : out celg[09:55 am] shark
: DMND dog -new lod -big volume
[09:55 am] richard : come on DMND
[09:56 am] shark : broke support
[09:56 am] eyes : 6 losses 1 win
[09:56 am] joeytsa : as kris would
say…DMND was fleas
[09:57 am] joeytsa : friday and a bank
holiday
[09:57 am] joeytsa : yeah me 2 Brent, esp it
seemed that premarket was a little quite
[09:57 am] rusty : ALIM 2
[09:57 am] richard : -1 on Stochastics[09:57
am] shark : GOOG rocketing higher
[09:58 am] shark : GOOG is the new wall
street big cap darling [09:58 am] joeytsa :
beautiful buy point at that pullback to
$604
[09:59 am] rusty : Richest man in Ireland
files for bankruptcy
[09:59 am] shark : i closed out my 635 short
call Nov 18 there
[09:59 am] Brent : what does that say about
Ireland?
[09:59 am] rusty : Sean Quinn, worth a
reputed 4.7 billion euros ($6.5 billion) at
the height of his success after starting out
more than three decades ago with tiny loan,
said he applied for voluntary bankruptcy at
the High Court in Belfast.
[10:00 am] joeytsa : Wasn’t Ireland an
original PIIGS member
[10:03 am] doji : SLB moving
[10:04 am] lightning : APKT has put together
a decent move up off support
[10:04 am] doji : Needs to break 77.05
previous high
[10:06 am] richard : DMND
[10:06 am] shark : an AAPL fan?
[10:06 am] doji : DMND
[10:09 am] shark : NFLX flying
[10:09 am] joeytsa : no they just stick with
candlestick patterns 🙂
[10:09 am] shark : 🙂
[10:10 am] doji : TZA for the close
[10:10 am] doji : watching
[10:10 am] shark : PCLN hod resistance
-triple top
[10:11 am] derns : MDVN…can anyone offer a
view on holding a short swing here? I have
been holding some short thinking it would
reverse, but it has remained
resilient..appreciate any thots.
[10:12 am] lightning : Derns, I’m still
swing MDVN short. I won’t be concerned
until it breaks yesterday’s high (42.40), but
otherwise, I like the daily chart.
[10:13 am] shark : derns – buyable gap up on
11/3 as long as it holds that low, you just
have a pullback with further upside
possible
[10:13 am] rusty : Mexico government says
its lost contact with helicopter carrying top
Cabinet secretary.
[10:13 am] stryker : TEVA
[10:14 am] derns : Shark…your saying that
as long as it keeps the recent lows since
11/3, it has further upside? Thx
[10:14 am] shark : that’s your support
level
[10:15 am] derns : Got it..I’ve seen that,
just thot it would close a part of the huge
gap up sooner than this.
[10:15 am] shark : look at PCLN & GOOG
after earnings
[10:15 am] shark : huge moves up, constitute
buyable swing trades.
[10:15 am] shark : as long as they hold the
low
[10:16 am] shark : PCLN & GOOG both
pulled back
[10:16 am] shark : very likely they will
attempt to continue their run
[10:16 am] shark : MDVN same chart
pattern
[10:16 am] joeytsa : good charting shark
[10:17 am] joeytsa : jump up on big volume,
3 red candles after were lower vol[10:17 am]
doji : MAKO
[10:18 am] derns : Thx Shark and Joeytsa…I
guess I will reduce/cover my short
[10:18 am] shark : AAPL back to 385 area
[10:19 am] shark : I’ve hit the exact strike
5 out of last 6 weeks
[10:20 am] joeytsa : seems like a game at
times huh
[10:21 am] shark : yup
[10:21 am] joeytsa : $388 was the actual
“pivot”
[10:21 am] shark : anybody get some WYNN
today? nice move, filled gap in 3 min -and
moved higher
[10:21 am] joeytsa : hit it and couldn’t
really break thru
[10:22 am] shark : down vol picking up
[10:22 am] joeytsa : i missed WYNN, was on a
different gap at the time..beauty of a
move
[10:23 am] rusty : UBS defending BRLI
[10:24 am] rusty : Mexico confirms
helicopter carrying Interior Secy has
crashed
[10:25 am] joeytsa : don’t these analysts
have to defend companies they actually
push
[10:25 am] lightning : that too bad. Let’s
hope it wasn’t shot down by drug cartels
[10:26 am] doji : TZA
[10:26 am] doji : Big drop candle in the
SPY
[10:26 am] stevemld : nice move on BRLI
missed it
[10:28 am] candelas : with the 3 candles
formed on AApl 10/14, 10/17 and 10/18 and
once u got the gap down u had an island
reversal form, then from 10/19 to 11/9 u had
a range formed under the island and ur
looking for a break of range to take short.
Naturally if it broke above resistance all
bets would be off
[10:29 am] shark : sounds about right,
candelas
[10:29 am] candelas : if that makes sense, I
can see it better than explanation
[10:29 am] joeytsa : you nailed it right
ed[10:30 am] shark : island top, a bearish
sign
[10:30 am] joeytsa : macd trended down
during that range also
[10:31 am] shark : AND, where does AAPL go
from here based on the charts?
[10:32 am] candelas : some will short top of
range and cover at bottom intraday scalps
[10:32 am] joeytsa : you made a great
call
[10:33 am] shark : Basically AAPL looking
weak on daily chart
[10:33 am] joeytsa : looked to be slightly
lowering volume during the range
[10:33 am] shark : You could SHORT -upside
stop at 50 day.
[10:33 am] shark : look for further break to
200day
[10:33 am] candelas : yea it has some
important resistance above
[10:34 am] joeytsa : maybe that signaled
distribution?
[10:34 am] shark : some resistance at 100
day here
[10:34 am] shark : for sure, joey, big
time
[10:35 am] doji : SLB look for a breakout in
the daily
[10:35 am] joeytsa : at one point in my
trading life i used tightening bb’s with
increasing vol to alert me to a buy
[10:35 am] doji : Candy, any thoughts in
SLB?
[10:35 am] shark : cool thing about these
big caps, traders like us are like mice zig
zagging between elephants
[10:36 am] derns : The media loves
AAPL…someone stated the company has
$200/share in cash
[10:37 am] joeytsa : they might be able to
hide their orders, but it shows up in either
volume or charts
[10:37 am] shark : it’s 80/share this
year
[10:37 am] shark : 100/share next year
[10:37 am] shark : totally, joey!
[10:38 am] joeytsa : even if they try using
options..Its shows up somewhere….
[10:38 am] rusty : RAYS not so sunny
anymore
[10:38 am] rusty : lod[10:38 am] candelas :
been in range also, needs some conviction
[10:39 am] joeytsa : yep
[10:39 am] joeytsa : on daily charts,
trending stocks like to take a breather from
time to time
[10:39 am] candelas : a nice bullish
engulfing pattern would help the cause on SLB
for any attempt at long continuation play
[10:39 am] joeytsa : same with any chart i
guess
[10:40 am] joeytsa : SLB at pretty strong
res right now on daily
[10:40 am] doji : Thanks Candy, I hope that
engulfing pattern will show up next week
[10:40 am] candelas : yep and lot of
support, that’s why need conviction on either
side
[10:40 am] joeytsa : SLB..look from dec,
this level was res
[10:42 am] joeytsa : important area even
early ’08
[10:42 am] doji : See more downside in the
SPY
[10:42 am] joeytsa : and spring ’07
[10:42 am] rusty : Mexican Interior Minister
Killed in Helicopter Crash
[10:43 am] joeytsa : sad to hear
[10:45 am] rusty : RAYS nlod[10:53 am] doji
: MCP dropping
[10:53 am] doji : S 13.41
[10:53 am] rusty : RIMM hod[10:53 am] doji
: 33.41
[10:55 am] Brent : good eye doji, nice
[10:56 am] doji : 0ut 1/2 MCP
[10:56 am] doji : and moving stop at be
[10:56 am] doji : I’ll ride it, no sweat
[10:58 am] richard : VLO
[11:00 am] zentrader : L MCP 33.17
[11:01 am] zentrader : fairly tight stop
[11:01 am] mhaus : BRLI
[11:02 am] doji : By the way, I already took
my first 1/2 at around 1% profit
[11:02 am] richard : ADBE
[11:02 am] zentrader : I was short MCP at
33.63 and now reversed
[11:03 am] zentrader : however, I will stop
MCP below 30.10
[11:03 am] zentrader : but I like my odds
here long
[11:03 am] mhaus : BRLI says it will buy
back 1M shares
[11:04 am] doji : So you took MCP short
right above the previous low…
[11:05 am] lara : BRLI
[11:05 am] doji : GMCR triple top, Short
here
[11:05 am] doji : 44.36, stop at 44.78
[11:06 am] mhaus : dangerous doji[11:06 am]
doji : Hope all wise traders take profits
before the close today
[11:06 am] mhaus : that’s exactly what I am
worried about
[11:07 am] doji : No risk no rewards, my
position is only half
[11:09 am] mhaus : just that I don’t trust
GMCR enough to carry it home for the
weekend
[11:09 am] doji : MCP doing its job
[11:09 am] chinhngo : mcp lod can i buy it
?
[11:09 am] doji : all out MCP
[11:10 am] doji : 1% total… thanks MCP
[11:11 am] doji : Adding to GMCR here
[11:11 am] doji : Short
[11:11 am] doji : Just risking the profits
from MCP
[11:11 am] doji : a portion
[11:12 am] chinhngo : sold call nov at 45 of
gmcr to collect premium
[11:14 am] mhaus : EQIX
[11:15 am] zentrader : out 1/4 MCP here
[11:16 am] zentrader : moving up stop on
MCP
[11:16 am] doji : We both did well
Zentrader, I profit on the Short and you on
the Long
[11:16 am] doji : That is Teamwork!
[11:16 am] doji : And GMCR now doing its
work
[11:17 am] doji : I move my stop in GMCR at
be…
[11:18 am] rusty : DMND 35’s
[11:18 am] candelas : DMND lod[11:20 am]
chinhngo : doji you short gmcr may i know
what is your stop ?
[11:21 am] chinhngo : my bet next week is
big down turn
[11:21 am] doji : 44.73 Chingo…
[11:21 am] derns : Chingo…are you
referring to GMCR or the market?
[11:22 am] chinhngo : gmcr[11:22 am] doji :
GMCR should follow the drop in the SPY right
now
[11:23 am] chinhngo : i short gmcr so i
would like to know what is stop?
[11:23 am] zentrader : you should know what
your stop is prior to entry chingo[11:23 am]
chinhngo : i guess the last final day market
will go down the reason is vxx faz taz trend
up
[11:23 am] doji : I am moving up my stop to
44.81 in GMCR
[11:24 am] doji : I still think it will
drop
[11:24 am] doji : stopped
[11:24 am] sonorant : and doji, I’ve been
following your GMCR saga!!! so sorry.
[11:25 am] derns : doji…are you going to
hit it again? why do you think there will be
a SPY sell off?
[11:25 am] joeytsa : $400M debut for Modern
Warfare 3
[11:26 am] sonorant : doji, the spy went
down and GMCR went up… 🙁
[11:26 am] doji : Because no even
Nostradamus can now what is going to bring
our friends from Europe next Monday
[11:27 am] derns : joeytsa…I was asking my
son about Modern Warefare 3…selling at $50
per with maps to come soon enough…I really
think they could have doubled that intro
price
[11:27 am] doji : so I’ll bet that most
smart traders will lock in profits
[11:27 am] stevemld : still not a bad trade
doji u wound up at no risk with a chance
[11:27 am] doji : or just reduce their long
positions
[11:27 am] doji : see the drop in GMCR
now
[11:27 am] joeytsa : probably derns[11:28
am] derns : doji…I agree re: EU, but can’t
help but believe there is a great deal of
more hurt to go
[11:28 am] doji : Ching, Sonorant, are you
short in HMCR?
[11:28 am] doji : GMCR
[11:29 am] aussie123 : SONARANT….good eye
regarding the SPY & GMCR
[11:30 am] aussie123 : very unusual
[11:30 am] doji : I still believe GMCR will
drop
[11:32 am] joeytsa : LNKD strong most of the
day
[11:33 am] stryker : Brent, hod is at what
price?
[11:33 am] Brent : $47.50 stryker[11:34 am]
stryker : tnx[11:34 am] doji : 47.5
[11:34 am] doji : I still believe GMCR will
drop
[11:35 am] derns : doji…good call on
GMCR…
[11:35 am] sonorant : but it is coming down
now (or was) — what was your final avg.
entry price?
[11:35 am] doji : Thanks Derns[11:35 am]
doji : but I still believe GMCR will drop
[11:35 am] doji : more
[11:35 am] sonorant : what percentage of the
time does the market drop at the end of the
day on a friday?
[11:36 am] derns : Can you tell me in
advance what is going to happen again..ok,
you just did re:GMCR…I will trade virtually
for another short
[11:36 am] sonorant : well I predict the SPY
will head down from here — has been range
bound for hours now.
[11:37 am] doji : Sonorant, if one thing I
have learnt in the last 2 months with the
issues from EU is not to leave any swing
during the weekend
[11:38 am] sonorant : smart. what was your
avg entry price finally on the GMCR trade?
[11:38 am] doji : You can hit high and be
beaten down
[11:38 am] joeytsa : GOOG is a monster
today
[11:38 am] doji : 44.56 Sonorant, my initial
entry was small and then when it hit 44.66 I
took more
[11:39 am] doji : but I still believe GMCR
will drop more
[11:39 am] sonorant : so you are in the
money — congrats!
[11:39 am] joeytsa : DDS trend down all
day
[11:39 am] doji : No Sono, my stop was at
44.81 and was hit… I broke my own rule of
having enough distance between the hod and my
stop
[11:40 am] doji : but I still believe GMCR
will drop
[11:40 am] sonorant : so are you in the
trade?
[11:40 am] doji : MCP
[11:41 am] zentrader : nice MCP!
[11:41 am] derns : doji…at the time, the
GMCR hod was 44.80, correct? where would you
have set it otherwise?
[11:41 am] zentrader : out 1/2 position at
33.62
[11:41 am] doji : Above 45
[11:41 am] derns : thx
[11:41 am] doji : MCP
[11:41 am] doji : Any news?
[11:42 am] zentrader : out 3/4 at .74,
moving up stop
[11:42 am] doji : 33.76
[11:43 am] zentrader : done with MCP, final
1/4 out at .61
[11:43 am] doji : Were you L or S
Zentrader?
[11:44 am] doji : I still believe GMCR will
drop more
[11:44 am] doji : GOOG turning
[11:44 am] sonorant : I didn’t get a good
fill — so passed
[11:45 am] joeytsa : so i get the feeling
that you think GMCR is headed down? 🙂
[11:46 am] doji : at 44.15 I could have
closed at least 1/2 to get 1% profit
[11:46 am] derns : ok doji..I will
bite…how low will GMCR go?
[11:47 am] doji : and just trail the second
1/2
[11:47 am] zentrader : GMCR could bounce
here
[11:47 am] doji : I expected only 1% so
around 44.15… anything more than that is a
bonus
[11:49 am] sonorant : I’m placing bets on
$44.09 for GMCR
[11:50 am] doji : What was your entry price
Sono?
[11:50 am] sonorant : though, I admit it
looks like it is turning up now.
[11:50 am] sonorant : I’m not in the trade
— derns asked you how low you thought it
would go, and I put in my very worthless 2
cents
[11:51 am] zentrader : nice pop on BKS
[11:51 am] doji : The SPY has move 1.9%
today, what are the odds that it will ride
above that being today Friday and with all
the issues from EU?
[11:51 am] doji : IF I were in the money,
I’d lock in profits right away
[11:52 am] sonorant : what percentage of the
time do the markets move down late in the day
on a Friday?
[11:52 am] chinhngo : doji that is the
reason i guess the market will go down next
week
[11:52 am] derns : Sonorant…thx…I am
surprised how strong it has been today…as
doji said, partially due to EU issues
[11:52 am] zentrader : hah, my last part of
bks filled at the wick at .51
[11:53 am] zentrader : that why I always
keep my sell and cover orders in place
[11:54 am] sonorant : are you on NInja using
the chart trading?
[11:54 am] doji : I do the same Zen, my stop
and cover orders are place at the same
time
[11:54 am] zentrader : GMCR did, in fact,
bounce there where I said it would
[11:54 am] doji : specially at the open of
the market to either lock in gains or
minimize losses
[11:54 am] zentrader : rigth Doji, I learned
that a long time ago from Mitch, Kris and
Adriano
[11:55 am] doji : That is a must
[11:55 am] zentrader : I was only planning
on trading for a little while today, but this
has been a fabulous afternoon
[11:55 am] mllamas -: TSLA
[11:55 am] doji : By default at the open my
stop is at 1% and my cover at 2% or 3%
[11:56 am] zentrader : currently my only
long position left is DMND at 36.01
[11:56 am] shark : great call GOOG, doji! My
family and I thank you!
[11:56 am] doji : SPY challenging support at
126.5
[11:58 am] sonorant : in TSLA 34.29 thx
mllamas[12:01 pm] doji : DMND
[12:02 pm] doji : Sono, here comes GMCR
[12:02 pm] doji : You should have been
filled u by now
[12:03 pm] doji : I took it again at 44.46
and closed right at 44.09… erase previous
loss with GMCR
[12:03 pm] sonorant : doji, I’m not trading
it. still in last 1/3 of TSLA
[12:04 pm] doji : Oh, I thought you said at
11:49 you were placing bets at 44.09
[12:04 pm] doji : but I still believe GMCR
will drop
[12:05 pm] zentrader : doji, what platform
do you trade on?
[12:05 pm] doji : TOS Zen
[12:06 pm] doji : If SPY loses 126.5, we
could have a nice drop
[12:06 pm] zentrader : I have an account
there but did not like it for day trading
[12:07 pm] doji : I still believe GMCR will
drop
[12:07 pm] sonorant : yes, ohh — looks like
the spy is going to lose it
[12:07 pm] doji : It needs to lose 43.66
[12:07 pm] joeytsa : yeah sonorant, slowly
trending down at the moment
[12:08 pm] doji : Here come the sellers…
smart people
[12:08 pm] sonorant : broke its low of the
consolidation
[12:08 pm] zentrader : trying another L GMCR
at 43.99, sorry doji[12:08 pm] doji : I am
all out in GMCR Zen, np[12:08 pm] zentrader
: will stop it below 43.85
[12:08 pm] doji : but I still believe GMCR
will drop more
[12:09 pm] doji : the SPY is not helping
her
[12:11 pm] joeytsa : DDS still moving
down
[12:12 pm] pandozzi : dds more downside?
[12:12 pm] shark : DDS -amazing !
[12:12 pm] doji : Zen watch out with GMCR
[12:12 pm] joeytsa : been a bleeder all
day
[12:13 pm] shark : you catching the blood,
joey?
[12:13 pm] doji : the downside could
accelerate as we get closer to the close
[12:13 pm] joeytsa : not on DDS, couldn’t
get the short off
[12:13 pm] sonorant : out the end of my TSLA
thanks.
[12:14 pm] candelas : HFC selling, but i
will pass
[12:14 pm] joeytsa : either no more trades
today or VERY selective…not much time left
on a holiday friday[12:14 pm] sonorant :
holiday? veteran’s day?
[12:14 pm] joeytsa : yeah
[12:15 pm] joeytsa : looks like volume is
half from a normal day
[12:17 pm] candelas : nice looking chart
though
[12:17 pm] joeytsa : nice candelas…put an
order in at 28, didn’t get it
[12:17 pm] joeytsa : that was S1 level
[12:17 pm] sonorant : okay, candels, so why
do you pass on HFC? what subtle things tell
you ‘maybe not’?
[12:17 pm] joeytsa : would have been nice
[12:18 pm] zentrader : giddy up GMCR
[12:18 pm] doji : But the chart setting was
as per the book
[12:18 pm] joeytsa : lots of pivot + indi
study this weekend
[12:19 pm] sonorant : and what is
particularly good about the chart?
[12:19 pm] doji : Accelerated price
[12:19 pm] doji : increased volume
[12:19 pm] doji : and potential profit on
the long side
[12:19 pm] candelas : on a none holiday, it
would be at 28.96 by now
[12:19 pm] sonorant : well, yes, accelerated
price drop — but the big volume spikes are
quite a ways back…
[12:20 pm] doji : The only problem that it
didn’t attract buyers is because is late in
the day
[12:20 pm] joeytsa : that big spike may have
been the tip off…not really sure
[12:21 pm] sonorant : so it would have
dropped more …
[12:21 pm] candelas : u got it doji[12:21
pm] sonorant : ah — the crux of the
reasoning! thank you both.
[12:22 pm] doji : SPRD triple top
[12:24 pm] doji : HFC
[12:25 pm] shark : AMAZING round trip on
BKS, today
[12:28 pm] lightning : Nice ZAGG move
here
[12:31 pm] doji : Sonorant, do you see now
HFC?
[12:31 pm] doji : Gave already 1%
[12:32 pm] sonorant : doji, HFC is still
just sitting there mostly
[12:33 pm] candelas : it moved over 1%
[12:33 pm] sonorant : no, it came down some
more, didn’t it…..
[12:33 pm] doji : What? It moved already
from 28.05 to 28.64, that is almost 2%
[12:34 pm] sonorant : that is not the chart
I am looking at — I see it currently at
29.16 ????
[12:34 pm] doji : I always try to keep
things in perspective and being realistic
with my expectations in terms of day trading
and profits
[12:35 pm] doji : HFC?
[12:35 pm] sonorant : yes, HFC
[12:35 pm] sonorant : why is this not
matching up???
[12:35 pm] candelas : its 28.56
[12:35 pm] doji : Yes it is
[12:35 pm] joeytsa : i have it 28.61 now
[12:36 pm] sonorant : my data feed on it is
broken — it hasn’t moved on my chart since
the top of the hour. how odd!!!!
[12:36 pm] candelas : yep tussling with
resis[12:36 pm] joeytsa : ZOLL was a nice
call…good job
[12:36 pm] candelas : zoll was great call
[12:37 pm] candelas : that’s like a come
short me please trade zoll[12:37 pm] joeytsa
: sure is
[12:38 pm] sonorant : just threw it up on a
new chart — that chart was broken….. omg
— yes, look at it now!
[12:38 pm] doji : I think 3:30 was the start
of the reversal in the SPY
[12:38 pm] rusty : UNG all time lows
[12:43 pm] doji : I am just following my
short in SLB
[12:43 pm] doji : and need a little help
from the SPY
[12:54 pm] candelas : doji did u buy aapl
after the doji was form at 3:42
[12:54 pm] candelas : 3:42 est.
[12:55 pm] richard : Thanks everyone…have
a great week-end!!
[12:55 pm] doji : No Candy, I didn’t even
look at APPL
[12:55 pm] doji : Have to close my short in
SLB here
[12:56 pm] candelas : i just like that ring,
doji buying based on doji on top of
consolidation
[12:56 pm] doji : I missed that Candelas….
you are the master
[12:56 pm] sonorant : candles, did you buy
it there? would have been a good run.
[12:56 pm] lightning : thanks TSA and
everyone. See you Monday
[12:56 pm] candelas : i saw it but i
passed
[12:57 pm] joeytsa : thanks Mitch and
Brent
[12:57 pm] shark : and Mike &
Tonya!!!
[12:57 pm] candelas : have a great weekend
Mitch,Brent and rest of family of traders
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