[06:15 am] Ed : Good Morning Traders
[06:18 am] Kris : Good Morning
[06:18 am] Kris : Today I’m watching URBN,
MBI, ST, IVN, DLTR, HANS, MO and ROST for
possible long setups.
[06:19 am] Kris : RIG, BRCM, MWE and BBY on
the short side
[06:25 am] Mitch K: remember TXI was really
volatile yesterday, always good idea to
monitor again next day for any stock that
moved a lot.
[06:26 am] Mitch K: watch DMND as well
[06:27 am] Mitch K: deceptive chart there,
that’s a 10 min chart on left; wanted to fit
in whole day in small window
[06:27 am] Mitch K: i don’t trade off 10
min
[06:35 am] Brent : watching MBI for a
bounce
[06:35 am] Kris : URBN short
[06:35 am] Kris : URBN short half
[06:35 am] Mitch K: watching ITMN for short
soon
[06:35 am] Mitch K: watching MON for short
[06:36 am] Kris : BBY short half
[06:36 am] Mitch K: watching CELG for short
here
[06:37 am] Mitch K: watching ST for short
soon
[06:38 am] Kris : TIBX short half
[06:38 am] Mitch K: watching NFLX for short
on top of this bounce, should remain weak
[06:39 am] Mitch K: watching for bottom in
GMCR to buy
[06:40 am] Mitch K: new high in indexes
[06:41 am] Kris : SINA short half
[06:41 am] Kris : YOKU short half
[06:42 am] Mitch K: watching FST for bounce,
see if it breaks below $15 first, higher risk
stock
[06:43 am] Kris : out half SINA short
[06:43 am] Kris : out half TIBX short
[06:44 am] Brent : watching LRN for a bounce,
thx mike
[06:48 am] Kris : out another 1/4 TIBX
short
[06:48 am] Mitch K: MOS turning over
[06:49 am] Kris : out half BBY short
[06:50 am] Brent : consider reducing MBI,
[06:50 am] Brent : MBI stalling here
[06:50 am] Mitch K: LRN bouncing, worth small
long
[06:50 am] Mitch K: missed SSW top but watch
for 2nd helping short later, still has some
downside left, most of it realized already
[06:51 am] Ed : APKT take over chatter
[06:51 am] Mitch K: more upside potential
with IVN long
[06:51 am] Mitch K: watching for top in
JOE
[06:52 am] Kris : looking for a new lod in
SINA
[06:52 am] Kris : out half YOKU short
[06:53 am] Kris : URBN looking to be making a
lower high, still holding some for a break to
new lod[06:54 am] Kris : DMND short half
[06:56 am] Kris : SINA new lod[06:56 am]
Mitch K: CAS bouncing, got whacked yesterday
on $300 mil convertible notes announcement
[06:56 am] Mitch K: turning over now
[06:56 am] Mitch K: watching MPC for top
[06:57 am] Mitch K: very late call on CAS,
too late
[07:01 am] Mitch K: looking for bounce in
UA
[07:05 am] Brent : watching OPEN for a
short
[07:06 am] Kris : looking for a break of
30.40 and I think it will give another nice
drop. acting weak against the market.
[07:06 am] Kris : yes doji, still short
[07:08 am] Mitch K: monitoring JOE for
short
[07:08 am] Mitch K: OPEN turning over
[07:15 am] Mitch K: still watching GMCR for
bottom
[07:16 am] Mitch K: GMCR getting
interesting
[07:16 am] Mitch K: I smell coffee with GMCR,
I mean money
[07:22 am] Brent : consider reducing OPEN
here if short
[07:38 am] Kris : out half DMND short
[07:38 am] Kris : reducing my exposure here a
little
[07:39 am] Mitch K: MON still slow motion
short
[07:40 am] Mitch K: i have to laugh when a
hold time on a short in the first hour is 1
hour for MON
[07:51 am] Mitch K: any bounce in the indexes
should bring up oversold stocks with it.
[07:52 am] Mitch K: OPEn probably good place
to cover half or more if short
[07:53 am] Mitch K: consider covering MON
[07:55 am] Ed : JIVE new ipo[07:56 am] Ed :
opening at 11est
[07:56 am] Mitch K: does anyone know how much
Open Table charges restaurants to handle
their reservations? Must be good business
looking at their growth, over 100 mil
revenue, net after tax i think was 13-14%
[07:57 am] Mitch K: biggest ipo since GOOGle,
as far as internet company
[07:57 am] Mitch K: should be a hot one
[07:57 am] Mitch K: thanks thomas[07:57 am]
Mitch K: Zynga ipo on Friday
[07:58 am] Mitch K: MON bouncing, cover
short
[08:11 am] Mitch K: don’t care for JIVE
trading action
[08:16 am] Brent : SPY at trendline
resistance
[08:28 am] Mitch K: anyone have the patience
to stay with ST short? still pointing
down.
[08:29 am] Mitch K: those stocks that gap
down like that, 10% in this case, and when
they fizzle, just dribbles down down
down[08:57 am] Mitch K: first decent pop on
GMCR today. other one alerted earlier lasted
5 min and only 1%
[09:07 am] Mitch K: AGQ worth small short
here
[09:10 am] Ed : NFLX lod[09:10 am] Mitch K:
looking for some sort of bounce in LNKD
[09:27 am] Ed : watching FDS
[09:41 am] Ed : FDS acting weak, would adjust
stop to protect
[10:21 am] Ed : PANL thx rusty
[11:15 am] Mitch K: must be a little news to
have that flurry in the indexes last 20
min
[11:15 am] Mitch K: ok rates unchanged
[11:23 am] Brent : SPY approaching lod[11:45
am] Mitch K: FSLR following Indexes
[12:14 pm] Mitch K: the float in LIVE is
462,000. could give a quick long scalp in
low $5’s. really dangerous to work with, has
18 cent spread too
[12:43 pm] Mitch K: thanks mhaus for LEA
[12:46 pm] Mitch K: there is probably a
little more left on upside with LEA with SPY
rebounding now
[12:49 pm] Ed : thx for EOG Joey
[01:00 pm] Brent : have a good night, see you
in the morning
[01:00 pm] Ed : good night all
[01:04 pm] Mitch K: later guys and girls
|
[06:14 am] joeytsa : retail sales down
[06:15 am] joeytsa : .2 with .5
expected…
[06:16 am] joeytsa : also saw an article
yesterday stating sales drying up..only 2
weeks after blowout black friday[06:18 am]
derns : NFLX was at 80 pre-market about 90
mins ago…now 75.38…Verizon rumors
[06:22 am] joeytsa : i think BBBY
disappointed
[06:22 am] mikewd2 -: Best Buy drops over 8%
after Q3 results miss expectations
[06:22 am] weston : I look at IVN, it down
around 16%, wonder it it could bounce up when
market open
[06:23 am] joeytsa : homes sales #’s from
2007-2012 will be lowered ..from the 4.9M
[06:23 am] mikewd2 -: Rio not going to buy
IVN
[06:23 am] weston : yea, that causing the
IVN down
[06:23 am] joeytsa : add BBBY then to the
growing list of bad numbers
[06:23 am] doji : RIG already dropping
pre-market
[06:23 am] eyes : Hey i am having problems
with ninja and TWS do you know what version
of TWS i need and where do i get it
[06:24 am] joeytsa : new home numbers will
be issued on 12/21
[06:24 am] weston : I have a very small
number on IVN, so I am wondering should I
just close it right market open?
[06:26 am] joeytsa : DMND was up over $1
earlier
[06:27 am] zentrader : I closed out my AMGN
position completely yesterday, was a very
nice short
[06:28 am] mikewd2 -: dang those puts on DMND
would have worked out nice
[06:29 am] joeytsa : DD gapping up
[06:31 am] mhaus : VCI, MWE
[06:32 am] zentrader : am long QCOR since
yesterday at 43.17, bought it when it dipped
about 5.6%
[06:32 am] joeytsa : GS trying for $100
[06:34 am] scalpman : MON spiking
[06:34 am] mhaus : MBI
[06:35 am] mhaus : ST
[06:37 am] joeytsa : trailing URBN
[06:38 am] doji : Watching DMND for S
[06:39 am] joeytsa : the ES in a tight range
at the moment
[06:39 am] doji : IVN L 17.57
[06:40 am] joeytsa : all out URBN 🙂
[06:40 am] mikewd2 -: MBI L 12.10
[06:40 am] mikewd2 -: LRN
[06:41 am] lightning : watching FST for a
bounce
[06:42 am] doji : All out IVN @ 17.97
[06:43 am] joeytsa : nice kris[06:43 am]
mikewd2 -: LRN continues to fall
[06:44 am] joeytsa : LRN, 2 big red candles
there
[06:45 am] lightning : huge spike in oil
[06:45 am] doji : FST big volume
[06:46 am] lightning : over $1.50 jump in
oil in one minute
[06:46 am] doji : LRN, FST weak against the
SPY
[06:46 am] joeytsa : CRM might crack
[06:47 am] doji : NFLX S
[06:47 am] joeytsa : VIX at 24.21
[06:49 am] lightning : L FST
[06:50 am] mikewd2 -: out MBI 1%
[06:51 am] joeytsa : WLT nice spike up
[06:52 am] joeytsa : AMZN just bleeding
[06:52 am] zentrader : I reversed AMGN and
am long at 58.02, may be worth a purchase on
one of these dips
[06:54 am] mikewd2 -: LRN lod[06:54 am]
lightning : stopped FST for loss
[06:56 am] joeytsa : tight stop on WT if you
went long
[06:57 am] joeytsa : WLT getting toppy?
[06:57 am] lightning : DMND dropping …
looking for a bounce
[06:57 am] mikewd2 -: FST L 14.75
[06:57 am] joeytsa : BIDU lod..been a nice
short
[06:58 am] mikewd2 -: any news on LRN???
[06:58 am] joeytsa : tighten stop on CRM if
you took her short
[06:59 am] lightning : LRN: Questions about
benefits at online charter schools, New York
Times reports
[07:00 am] joeytsa : business inventories in
line
[07:01 am] mikewd2 -: MBI S 12.25
[07:01 am] joeytsa : BA gonna spike
[07:02 am] mikewd2 -: big order for BA
[07:02 am] joeytsa : yeah from
southwest..
[07:02 am] mhaus : PAAS
[07:02 am] joeytsa : think i heard 200
planes
[07:03 am] kp : LRN ????????
[07:03 am] mhaus : OPEN
[07:03 am] doji : Are you still short in
DMND Kris?
[07:08 am] joeytsa : all out BA
[07:10 am] apple : loving SINA, thx K
[07:10 am] doji : BBY moving up
[07:11 am] mikewd2 -: BIDU lod[07:12 am]
zentrader : where u looking for 30-40c on
JOE, Mitch?
[07:12 am] zentrader : I missed it
[07:13 am] lightning : weak bounce in
FST…heading back to its lows
[07:13 am] doji : OPEN holding, could move
higher
[07:13 am] lightning : MBI new LOD
[07:18 am] mikewd2 -: GMCR L 53.88, may be
early
[07:18 am] lightning : nice pick up
Mike…
[07:20 am] weston : GMCR L 53.97
[07:20 am] zentrader : L GMCR 54.06
[07:22 am] doji : I am long GMCR 54.01
[07:22 am] doji : Good price Mike
[07:24 am] lightning : watching FIO for
possible short
[07:24 am] doji : SPY reversing
[07:24 am] joeytsa : i might rag on cnbc
here and there, but they handed me $460 in
about 7 minutes..so they get a pass today
🙂
[07:25 am] mikewd2 -: FST lod[07:25 am]
joeytsa : BA
[07:26 am] joeytsa : they reported about a
big order from swa[07:27 am] mikewd2 -:
getting worried on GMCR
[07:28 am] lightning : GS dropping faster
with heavier volume each candle
[07:28 am] joeytsa : WLT gave up the entire
up move
[07:28 am] lightning : (I’m looking at the
3min GS chart)
[07:28 am] doji : I stopped GMCR at b/e once
the SY started to drop
[07:28 am] joeytsa : yeah lightning
[07:28 am] mikewd2 -: stopped on GMCR
[07:28 am] zentrader : GMCR should have been
stopped
[07:28 am] doji : FST dropping more
[07:28 am] doji : same GMCR
[07:29 am] mikewd2 -: i hate that stock
[07:29 am] weston : aiks … stopped
[07:29 am] doji : Any news now?
[07:29 am] doji : on the markets
[07:29 am] joeytsa : reality setting in??
[07:30 am] apple : had a good run on SINA –
both ways, thx K
[07:30 am] michael : way to go apple
[07:30 am] joeytsa : nice trading apple
!!!
[07:31 am] doji : I have an eye on IVN
[07:31 am] doji : Trade it long twice!
[07:31 am] mikewd2 -: FST L 14.5
[07:32 am] mikewd2 -: Best Buy says on track
to deliver FY12 free cash flow outlook
$2B-$2.5B
[07:34 am] doji : Weak rebound in the SPY,
it could break 125
[07:37 am] mikewd2 -: LRN continues to
fall
[07:37 am] doji : IVN
[07:37 am] lightning : there’s no bottom for
LRN evidently!
[07:40 am] doji : SPY weak
[07:42 am] derns : market is giving back
earlier gains
[07:43 am] doji : YEap, SPY at trendline
resistance
[07:45 am] doji : Ouch SPY
[07:45 am] doji : New lod[07:46 am] doji :
Euro fall towards 1.31… Market Watch
[07:46 am] derns : Germany not going to up
their limits on funding EMF…the German
citizens don’t want to pay for other country
budgets
[07:47 am] garyb : makes sense..they are
probably pissed
[07:47 am] doji : That is not good
[07:47 am] derns : they make great cars..and
they are, in fact, pissed
[07:48 am] garyb : I have relatives
there….I know they are pissed to pay for
other countries!
[07:48 am] garyb : it’s not good for my TNA
long however…I should call them and tell
them to lighten up!
[07:48 am] derns : I seem to recall Kris
saying SPY has support at 124 and 123.6…if
it drops…
[07:49 am] derns : on the flip side, Germany
has benefited greatly by the relatively
cheaper EURO than what they would have had
with the mark
[07:53 am] lightning : RIMM (temporarily?)
finding support at yesterday’s low of
15.93.
[07:55 am] garyb : looks like market is
bouncing a bit
[07:55 am] michael : NFLX consolidating and
held its own against the downturn
[07:55 am] mikewd2 -: yeah, got TNA 44.02
[07:55 am] garyb : nice mike!
[07:56 am] lightning : j-j-j-JIVE talking
[07:56 am] mikewd2 -: stopped again on LRN
long
[07:56 am] rusty : RVSN radar
[07:56 am] derns : Mitch…good question…I
wondered how OPEN got their revenues
[07:57 am] garyb : Apparently Merkel
rejecting raising funding…may be the reason
for the dip
[07:57 am] derns : does anyone know what
time the FED reports?
[07:57 am] thomasohana : Mitch, restaurants
pay $199 monthly to Open Table
[07:57 am] rusty : watch GLUU on Zynga
sympathy
[07:58 am] garyb : sick of the European news
effecting our market like this all the
time….miss the days when trading was more
normal and less news driven like this
[07:59 am] rusty : X rumors of takeover
[07:59 am] mikewd2 -: Jive Software IPO
indicated to open $15.50 on 800K shares
[08:01 am] mikewd2 -: stopped on TNA
[08:02 am] garyb : yeh head fake mike
[08:03 am] garyb : should bounce though mike
IMO
[08:03 am] mikewd2 -: i figured
[08:04 am] mikewd2 -: but want to stay
disciplined on stops
[08:04 am] lightning : die RIMM die
[08:04 am] mikewd2 -: LRN finally moving off
bottom
[08:05 am] derns : RIMM short not available
at Schwab…hard to borrow
[08:05 am] doji : Yeah but the SPY is not
helping on long Mike
[08:05 am] lightning : j-j-j-JIVE trading
[08:06 am] mikewd2 -: remember what Mitch has
taught us on IPO’s.
[08:07 am] lightning : Mike, I’m just
watching JIVE. No intention on trading
it.
[08:08 am] anthonyb : out RIMM short
[08:08 am] anthonyb : stopped on RIG
[08:09 am] anthonyb : out BRCM short
[08:09 am] lightning : taking 1/3 off RIMM
short.
[08:10 am] mikewd2 -: in JIVE 15.04 out
15.34, my one token IPO trade
[08:10 am] lightning : GMCR sure has an ugly
trend
[08:10 am] lightning : unless you are short
GMCR…then it is beautiful
[08:11 am] rusty :
http://www.businessinsider.com/mark-pinus-201
1-12 Zynga[08:11 am] anthonyb : Out JOY
short. I made 1.55 on that one
[08:13 am] lightning : GMCR against the
trend line here.
[08:14 am] Mitch K: Mark Pincus doesn’t have
a lot of good press rusty
[08:15 am] anthonyb : 3 small losses, 1 full
position loss, 3 full position wins, good
profits today. I made no mistakes . That
feels good to follow the plan. I’m done for
today. See you all tomorrow
[08:15 am] Brent : have a good one anthonyb,
great job
[08:15 am] lightning : way to go
anthony…see you tomorrow
[08:24 am] rusty : DYN radar – analyst $5
target
[08:25 am] rusty : sudden push up
[08:27 am] lightning : GMCR down move
starting to level off…I’m not buying yet
though
[08:27 am] thomasohana : me either
lightning
[08:28 am] lightning : out another 1/3 RIMM
short.
[08:32 am] Mitch K: Rusty. DYN was trading
sky high when Enron was, crashed together
[08:33 am] rusty : KV.A another former high
flyer now they say they might not have $ to
continue operations
[08:35 am] lightning : I don’t think GMCR is
going to hold 51.
[08:36 am] lightning : so, maybe I’m wrong,
lol[08:40 am] lightning : Here is what I was
thinking…the market had moved up for 25
minutes and GMCR had been slightly negative
during that time. I thought that any dip in
the market would send the stock down again.
Incorrect.
[08:42 am] lightning : keep going down RIMM
(see, I can be right occasionally)
[08:47 am] rusty : Euro weakens to lowest
level against US dollar since January; traded
as low as $1.3099 today in NY
[08:53 am] rusty :
http://www.c-span.org/Events/Senate-Looks-int
o-MF-Global-Bankruptcy/10737426222-1/
[08:54 am] rusty : Corzine hearing
starting
[08:56 am] derns : OPEN continues to creep
upward
[09:00 am] mikewd2 -: i went long again on
GMCR at 52.25
[09:00 am] thomasohana : mike i did as well,
but at 52.22
[09:01 am] mikewd2 -: good, looking to make
up for the earlier lost
[09:01 am] rusty : FIO alert
[09:01 am] rusty : sudden volume spike
[09:06 am] mikewd2 -: thanks for FIO rusty
[09:09 am] apple : NFLX dying
[09:13 am] joeytsa : iran holding a drill to
close straight of hormuiz?
[09:14 am] joeytsa : anyone hearing about
qe3 rumors today?
[09:15 am] joeytsa : fitch cuts
bulgaria,latvia,czech and lithuania[09:15 am]
joeytsa : about an hour + ago
[09:20 am] lightning : covered my last RIMM
short here.
[09:21 am] michael : I don’t know if anyone
messes with airline stocks, but I trade the
snot out of LCC. shorted this morning at
6.65
[09:21 am] mikewd2 -: now you tell us
[09:21 am] lightning : wow, nice trade
michael.
[09:22 am] michael : I had forgot about it,
wasn’t going anywhere this morning
[09:22 am] apple : yeah, now you tell us,
michael, thx
[09:23 am] michael : ty. it moves a lot,
I’ll be better about a heads up
[09:28 am] joeytsa : nice one ed thanks
[09:28 am] eyes : does anyone know what the
news was on oil
[09:28 am] joeytsa : iran[09:29 am]
lightning : eyes, it was a rumor/concern re:
Iran and the Straits of Hormuz shipping
channel.
[09:29 am] joeytsa : performing drills to
prepare the shutdown
[09:29 am] joeytsa : we mentioned that as a
possibility last week actually
[09:29 am] derns : Iran said, if US wants to
destabilize the middle east, Iran will
destabilize the world…per CNBC
[09:30 am] derns : what an ugly attitude!
[09:30 am] lightning : lol. Oh, yeah. The
middle east is stable now.
[09:30 am] joeytsa : i bet Israel is already
gassing up the planes
[09:32 am] mikewd2 -: FactSet says volatility
dampened ASV growth in Q1
[09:32 am] derns : missed FDS…off .02 on
my limit order
[09:33 am] derns : joey..I think that would
be a 6-day war..could be over by Christmas
[09:35 am] joeytsa : could be, or could get
really ugly
[09:35 am] joeytsa : russian warships
already in the med….china a phone call
away
[09:36 am] qwert : ed thx for fds[09:36 am]
apple : i am praying for peace…
[09:37 am] Ed : no problem
[09:37 am] mikewd2 -: NTSB proposed ban on
cell phones for driver
[09:37 am] joeytsa : i would have thought
the vix would have spiked
[09:39 am] joeytsa : have had a ton of
pedestrians get hit since NV imposed cell ban
while driving….
[09:40 am] joeytsa : my guess is that
drivers are now keeping the phones in their
lap but still texting…eyes off the road
now
[09:40 am] Ed : “show me the money”
[09:40 am] mikewd2 -: yep, texting really
needs to be stopped in cars – technology
could do it automatically
[09:40 am] joeytsa : derns : is it me or has
the vix acted weird the past couple days
[09:41 am] mikewd2 -: Ed, did you enter
FDS?
[09:41 am] Ed : yes
[09:41 am] derns : I think VIX is hiding
with the MF Global $
[09:42 am] derns : Amazing how that money
disappeared…there will be a movie about
this someday if that $ is never found
[09:42 am] mikewd2 -: Ed, is your stop around
87.45?
[09:42 am] Ed : what price u enter mike
[09:42 am] aussie123 : a lot of head fakes
out of vix last couple days
[09:42 am] eyes : ed do you base entrees off
of 1 min or wait for 3 min close
[09:42 am] mikewd2 -: 88.17
[09:43 am] Ed : it was
[09:43 am] mhaus : PLT
[09:43 am] rusty : SINA worth putting on
radar
[09:43 am] rusty : close to recent lows
[09:44 am] mikewd2 -: PLT should have been
obvious with the news on ban
[09:44 am] mikewd2 -: should bounce back
[09:44 am] Ed : u still long mike on FDS
[09:44 am] mikewd2 -: not stopped yet Ed
[09:45 am] mikewd2 -: yep, now i’m done
[09:45 am] rusty : SINA and SOHU as well
[09:45 am] Ed : i took profits on 1/2 and
stopped b/e on last 1/2
[09:46 am] qwert : tif at lod[09:46 am]
joeytsa : watching WLT for a move
[09:46 am] apple : stopped out on FDS
[09:47 am] rusty : PLT radar
[09:47 am] mikewd2 -: PLT L 34.73
[09:47 am] rusty : Feds asking for ban on
cell phone use while driving
[09:47 am] Ed : just heads up, on stocks like
FDS, when it does not start to really get
going, I will take profits to get ahead of
trade and stop last b/e[09:47 am] mikewd2 -:
yep
[09:48 am] mikewd2 -: thanks Ed, will do next
time
[09:48 am] joeytsa : makes sense ed[09:48
am] apple : thx, E, that makes sense, it was
a real quick one!
[09:49 am] Ed : yea stops are great to have
but does not mean u have to let it hit ur
stop if stock is acting weak (long) or
weak(short)
[09:49 am] joeytsa : ed: did you use volume
as a tell also?
[09:49 am] Ed : yes, it like died
[09:49 am] mhaus : The bill (H.R. 3035)
would allow these “robo-calls” to your
cell phone �” even if you didn’t give a
company permission to contact you at that
number.
[09:50 am] mhaus : Saw that on MSN
[09:50 am] apple : thx, E, it helps when
analyzing the trade
[09:51 am] Ed : good deal
[09:52 am] Ed : yeah maybe look to get that
first target of around .50% but be
flexible
[09:52 am] Ed : around this time of day with
lackluster market, but you all are BIG
guys?gals[09:53 am] apple : got it
[09:53 am] michael : yepper[09:54 am] derns
: does the cell phone ban proposal exempt
hands free usage?
[09:54 am] mikewd2 -: i don’t think so
[09:54 am] mikewd2 -: that’s why PLT getting
hit
[09:55 am] derns : hmmm…got it.
[09:57 am] victor51 : I am late join you
guys but things are pretty quite. How was the
early morning
[09:59 am] eyes : anyone long plt[10:01 am]
lightning : GMCR may prove me right after
all
[10:02 am] victor51 : Anyone know why Amzn
is down 6 points?
[10:03 am] eyes : Any thoughts on PLT
[10:03 am] michael : which way you looking
to go eyes?
[10:03 am] eyes : l
[10:04 am] michael : Looks okay here, I’d
make it a tight stop
[10:04 am] thomasohana : lightning, you
think GMCR will break the lod?
[10:04 am] electrader : eyes I backed off
PLT – volume dried up
[10:05 am] lightning : oh, I don’t know
thomas. If the market starts to get moving
down or stays flat, I think GMCR has a chance
to get below 51….but at this point, I’m
just watching.
[10:07 am] thomasohana : thanks for sharing
your thoughts lightning
[10:08 am] michael : eyes, I’d take any
profits here. it’s not breaking any land
speed records
[10:11 am] eyes : i didn’t chase it thanks
thou
[10:16 am] thomasohana : Hey Mitch, are you
having another seminar next March?
[10:17 am] mikewd2 -: PLT finally moved
[10:17 am] lightning : what do you
know…GMCR below 51
[10:17 am] mikewd2 -: GMCR lod[10:20 am]
joeytsa : nice call to whoever called PLT
[10:21 am] rusty : PANL alert
[10:21 am] rusty : another negative article
out
[10:21 am] joeytsa : big drop rusty
[10:21 am] apple : E – I went back into FDS,
as it started moving up, doing very
nicely.
[10:21 am] Ed : nice apple
[10:22 am] mikewd2 -: my stops are not all
way up – bummed!
[10:23 am] Ed : next time mike
[10:23 am] mikewd2 -: 4 stocks – similar
pattern, yeah next time
[10:24 am] mikewd2 -: FDS moving down
again
[10:25 am] mikewd2 -: ah, didn’t see Mitch
has it up on chart
[10:25 am] rusty :
http://thestreetsweeper.org/undersurveillance
/Universal_Display__A_Real_Work_of__Prior__Ar
t_ PANL article mentioned above
[10:29 am] doji : IVN to lose 17
[10:30 am] mikewd2 -: Hard disk shortage do
to Thailand floods going to affect lots of
things.
[10:33 am] doji : IVN continues dropping
[10:35 am] doji : NFLX lod[10:42 am] mikewd2
-: REGN continues to recover
[10:42 am] doji : Wow I missed REGN, did
someone post it?
[10:43 am] mikewd2 -: i was late on it
[10:43 am] mikewd2 -: long at 51.6
[10:43 am] doji : GMCR rebounding
[10:45 am] michael : JOE possible fade
[10:48 am] victor51 : Thanks Rusty, i am
long on PANL
[10:48 am] michael : pass on JOE
[10:48 am] doji : Aggghhh missed IVN
[10:51 am] mikewd2 -: Forest Oil share
weakness an overreaction, says Wells Fargo
[11:05 am] mikewd2 -: little bounce in the
markets
[11:06 am] doji : Any news?
[11:06 am] mikewd2 -: none that i see
[11:06 am] derns : I suspect good or not bad
news is anticipated out of FOMC
[11:07 am] doji : What time is it?
[11:07 am] lightning : in 8 minutes
[11:13 am] doji : SPY
[11:13 am] mikewd2 -: Fed leaves rate
unchanged
[11:13 am] doji : Blood on the street
[11:15 am] doji : What was supposed to be
“good” news?
[11:15 am] derns : no news really?
[11:15 am] qwert : fed rates
[11:16 am] doji : Exactly, I don’t know what
WS was waiting on this announcement
[11:16 am] apple : DMND lod[11:21 am] derns
: Joey…I continue to be confused about VIX
given the Fed’s own recognition they are
uncertain about the EU as well..seems like
there would be more fear in the markets
[11:21 am] joeytsa : yeah, something’s not
right
[11:21 am] joeytsa : or i am missing
something
[11:22 am] derns : I’m right with you..but I
am not smart enough to figure it out
[11:22 am] joeytsa : RRC dropping
[11:22 am] joeytsa : that is when i usually
put a tighter clamp on the wallet
[11:22 am] joeytsa : GS lod[11:23 am]
joeytsa : GS tried to push over $100 just
after the open..looks like they will break
$95
[11:25 am] mikewd2 -: Volatility Index trades
down to a four-month low on FOMC statement
[11:26 am] rusty : Death of Gold Bull Market
Seen by Gartman After Selling Metal
[11:26 am] derns : I think I heard Garman
saying Gold could go to 1450
[11:27 am] rusty : exactly
[11:27 am] derns : there sure are a lot of
opinions out there! I heard others saying
2000
[11:27 am] rusty : Gartman = Con artist with
fancy pocket handkerchief
[11:27 am] joeytsa : i have heard from
1250-4000
[11:28 am] derns : Joey…I think you are
right
[11:28 am] joeytsa : short term down..longer
term higher number
[11:28 am] derns : I vote for your
range…I’m just not smart enough to make
money off of it.
[11:29 am] joeytsa : me either, might add a
little gold to a portfolio on each
pullback
[11:29 am] Ed : if AMZN loses 180, with
selling market could get possible 20
points
[11:29 am] joeytsa : that’s one of my
“flock” ed[11:29 am] rusty : Gartman
‘Bullish’ on U.S. Equities, Gold as Economy
May Improve <—–5 days ago
[11:30 am] joeytsa : small support around
the 178 area
[11:31 am] derns : Rusty..to your comment a
few moments ago..these guys seem to talk out
of both sides of their mouth…no lips
moving
[11:31 am] Ed : sure. yep big if we get
sellers market, that support will be like
butter baby
[11:32 am] joeytsa : heck yeah…clears that
178, all aboard the train south
[11:32 am] rusty : exactly derns[11:32 am]
apple : NFLX really dying
[11:32 am] rusty : 180 degree turnaround in
3 days
[11:33 am] rusty : for Gartman[11:33 am]
derns : TZA has a new high on a tentative up
market day
[11:33 am] joeytsa : ES trying to hold
1230
[11:33 am] derns : rather..TZA is up from
yesterday
[11:34 am] joeytsa : derns : TZA follows
small caps
[11:34 am] joeytsa : goodbye 1230
[11:34 am] derns : got it..that’s right.
[11:35 am] derns : Joey..will you short AMZN
below 177.50?
[11:35 am] rusty : FSLR back on radar for a
swing trade
[11:35 am] joeytsa : large buyer just
dropped out at 94&50 on GS
[11:36 am] joeytsa : i think so derns[11:36
am] joeytsa : GS might lose $94…turned
into a nice short
[11:37 am] derns : ok..just watching…I’m
not going to trade tho..them are big
numbers
[11:37 am] dan : anyone long on TZA
earlier?
[11:37 am] derns : ZSL
[11:38 am] joeytsa : ES coming into that
1225 area…been a big number recently
[11:38 am] derns : Dan..I am long TZA…will
likely get out in a few tho…like now
[11:39 am] joeytsa : derns : like Ed
mentioned, next stop after upper 170’s would
be $160
[11:39 am] joeytsa : i would scale in and
add on each step lower
[11:39 am] derns : got it…I am going to
trade it on simulation only…or just a 100
shares
[11:39 am] joeytsa : or the pullback
[11:41 am] joeytsa : out GS
[11:41 am] rusty : FSLR alert
[11:41 am] rusty : dropping fast
[11:42 am] joeytsa : thanks again rusty
[11:46 am] doji : FSLR S
[11:46 am] doji : It’s is in the liquidation
list of MF for the windows dressing
[11:48 am] doji : FSLR could drop below 40
today if the SPY continues moving down
[11:49 am] joeytsa : yeah doji…close to
that 52wk lo
[11:50 am] rusty : Unless you are the monkey
in front of the line, the view never
changes.
[11:58 am] doji : Shorted more FSLR below
43.25
[12:00 pm] doji : Now I’ll just wait….
with my stop loss order already set
[12:01 pm] joeytsa : you have a target
doji?
[12:01 pm] doji : I’ drop first 1/2 near 41
and then trail the rest
[12:01 pm] joeytsa : nice
[12:02 pm] doji : I just moved my stop close
to b/e, just in case
[12:09 pm] Ed : rusty u were suppose to tell
us about LIVE
[12:09 pm] Ed : up 300%
[12:13 pm] rusty : PANL Spokesperson: Had
Not Seen Latest StreetSweeper Blog Post; Not
Able to Comment –
[12:15 pm] rusty : DMND lod[12:15 pm] doji
: DMND
[12:15 pm] doji : NFLX should follow
[12:20 pm] derns : is there news? I stepped
away and the market has dropped
[12:21 pm] mhaus : Derns, feds spoke
[12:21 pm] mhaus : LEA
[12:21 pm] mhaus : MOS
[12:21 pm] derns : I got that…stepped away
to get a lunch snack and it dropped more..of
course, VIX is tame tho[12:24 pm] Mitch K:
good eye mhaus[12:24 pm] Mitch K: on LEA
[12:24 pm] mhaus : it just popped up
[12:25 pm] apple : NFLX lod[12:25 pm]
joeytsa : watching EOG
[12:26 pm] mhaus : LRN
[12:28 pm] derns : mhaus…interesting call
on LRN
[12:28 pm] joeytsa : AMZN lod[12:28 pm]
derns : TZA moving up fast
[12:28 pm] mhaus : loved LEA and LRN
[12:29 pm] derns : SPY may break 123
[12:29 pm] joeytsa : market looks weak
[12:29 pm] joeytsa : blew thru 1225, barely
holding 1218
[12:30 pm] michael : LIVE at 5.00 and spread
closing
[12:30 pm] joeytsa : watching for a small
bounce on LUFK to look for a short
[12:30 pm] lightning : here is that LIVE in
the low $5s for any brave souls
[12:30 pm] lightning : I am not that
brave.
[12:31 pm] doji : Closing 1/4 position
FSLR
[12:32 pm] joeytsa : CF been ugly
[12:33 pm] doji : IVN has fleas
[12:33 pm] mikewd2 -: TNA getting hurt
[12:33 pm] jsn13 : anyone caught MBI juz
now?
[12:33 pm] doji : CF has S3=132.77
[12:34 pm] joeytsa : thanks doji…136 was
the perfect short area
[12:34 pm] lightning : btw, AMZN broke below
180
[12:34 pm] joeytsa : that’s still about a
2:1 r/r
[12:34 pm] joeytsa : sure did light
[12:34 pm] doji : SLB close to 70
[12:35 pm] doji : Out another 1/4 FSLR
[12:35 pm] doji : Trailing second 1/2
[12:37 pm] joeytsa : stopped on LUFK and
AMZN for decent bucket drops
[12:37 pm] qwert : nice joey
[12:38 pm] joeytsa : thanks qwert, only
half position on AMZN, still pays the
bills
[12:39 pm] mikewd2 -: out half LEA, nice
call
[12:39 pm] doji : Now short covering?
[12:39 pm] doji : AMZN
[12:40 pm] joeytsa : maybe, i saw my ES tick
uptrend
[12:40 pm] joeytsa : looks like more
downside coming?
[12:41 pm] doji : I see the same Joey
[12:42 pm] joeytsa : i really hope shark
grabbed those PCLN puts when it failed near
550…had a 440 downside target, only $23
away
[12:43 pm] Ed : who got the short breaking
179.98 on AMZN
[12:43 pm] Ed : i know joey did
[12:44 pm] joeytsa : got the first, missed
the 2nd drop
[12:44 pm] Ed : cool
[12:44 pm] derns : Ed..I am short AMZN
(simulation) at 179.72…will it bounce off
178?
[12:44 pm] doji : I am Ed, but small
position… have stop at b/e[12:45 pm] doji
: All out FSLR
[12:45 pm] doji : We’ll see if it survives
40 tomorrow
[12:45 pm] joeytsa : FXE under 130
[12:46 pm] Ed : it bounced of 178.5
[12:46 pm] mikewd2 -: closed my LEA at
36.98
[12:46 pm] mikewd2 -: very nice calls guys
[12:47 pm] derns : yes…I closed out on
that 1 min green candle..perhaps tomorrow it
will drop below 178
[12:49 pm] mhaus : UA
[12:49 pm] mhaus : BWA
[12:50 pm] derns : mhaus..thx for the
alerts..you are good!
[12:50 pm] mhaus : thx
[12:50 pm] mhaus : FDS
[12:50 pm] joeytsa : glad YOU made money on
that…haha[12:51 pm] joeytsa : i saw it
then forgot it when i looked elsewhere
[12:51 pm] Mitch K: BWA another good one
mhaus[12:53 pm] mhaus : watching FDS
[12:56 pm] lightning : Gotta run. Thanks
TSA and everybody. See you tomorrow!
[12:56 pm] apple : mhaus, you are outdoing
yourself today!!!
[12:56 pm] mhaus : Thx apple. See ya
Light
[12:57 pm] apple : thx MK, K, B and E and
everyone. Great day today. see you
tomorrow.
[12:58 pm] victor51 : Mhaus, you are a
genius. Teach us couple of trade techniques.
Enjoy.
[12:58 pm] derns : mhaus…I will pile on
too..thx for your alerts…BWA got me a bit
more than lunch and dinner
[01:01 pm] joeytsa : SINA with a nice almost
60cent spike right b4 the close
[01:02 pm] derns : have a good afternoon
everyone..see you tomorrow. Thx again for
all the ideas and teaching
[01:03 pm] derns : I will study AMZN
tonight
[01:03 pm] joeytsa : always something to
study
[01:03 pm] joeytsa : whether news, charts
etc[01:04 pm] derns : will do…I just get
caught up on fundamental issues…the daily
trading confuses me when I study company
fundamentals
[01:04 pm] joeytsa : good night Mitch
[01:04 pm] joeytsa : fundamentals are a
waste to me
[01:06 pm] derns : I know, I know…I
studied NFLX about a year ago when it was on
the way up. At 160, I did an analysis
concluding it should be a 70 stock and
shorted it…go figure..I lost money and
eventually it came back to my number…lucky
guess!
[01:06 pm] joeytsa : i let the big boys do
that…all i need is a chart and some price
action
[01:07 pm] joeytsa : too many other issues
can come into play to risk money on someone’s
price worth
[01:07 pm] derns : for now, I am trying to
learn your trade…just need to be patient
and push out the noise..almost too much news
out there
[01:07 pm] derns : “your trade” being your
profession as a day trader
[01:07 pm] joeytsa : yeah..its hard if you
came from the “fundamental” view
[01:08 pm] joeytsa : you basically have to
wipe your memory out and start over….
[01:08 pm] joeytsa : new traders have it
best, no bad habits to break
[01:08 pm] derns : former accountant and 25
years in real estate
investing/brokerage/developer…
[01:09 pm] Mitch K: hey derns, the problem
with NFLX is the founder/CEO just got
overconfident. raising prices last July when
their stock price was all time high. THen
few months later does a lame apology to
public and changes service again, then a 3rd
time. He lost his credibility on the first
change in July. I cant figure out why a guy
would change a winning formula.
[01:09 pm] joeytsa : i used to try to
understand the quarterly reports…realized
after a few years it’s a bunch of bs[01:09
pm] joeytsa : yeah Mitch…made no sense
[01:09 pm] Mitch K: THis Amazon Kindle Fire,
which has 5000-6000 free movies as Prime
member, and Google, now Yahoo giving free
movies away, going to really hurt and
potentially put NFLX out of business
[01:10 pm] derns : Mitch…you are
right…that is a great B-school case
study…I have been sharing that with my
daughter…studying business in college
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