[06:15 am] Kris : good morning traders
[06:16 am] Brent : good morning
[06:16 am] Ed : Good Morning
[06:16 am] Kris : This morning I’m watching
ABT, AEP, BMY, VZ, GMCR, BRCM and AVP for
possible long trades
[06:17 am] Kris : SWC, FSLR, CVC and DV as
possible short trade setups
[06:27 am] Kris : 3 minutes, Time to Rock!
Let’s all have a great day. Stay focused and
be patient for good setups.
[06:30 am] Kris : FSLR short half
[06:31 am] Kris : CAT short half
[06:32 am] Kris : watching GMCR for a long
soon
[06:33 am] Kris : SWKS long half
[06:33 am] Mitch K: watching SGI for
bottom,
[06:34 am] Kris : NFLX long half
[06:34 am] Kris : out half FSLR short
[06:35 am] Kris : watching SINA for a long
reversal
[06:36 am] Kris : out another 1/4 FSLR
short
[06:36 am] Kris : out half CAT short
[06:36 am] Mitch K: Green Mountain brewers
likely to continue decelerating, says Stifel
Nicolaus[06:36 am] Mitch K: Green Mountain is
down on Keurig shipment volume concerns
[06:37 am] Kris : FOSL short half
[06:37 am] Kris : out another 1/4 CAT
short
[06:39 am] Kris : QLIK short half
[06:40 am] Kris : PXD weak
[06:41 am] Kris : watching TIBX for a long
reversal
[06:41 am] Mitch K: watching TIBX for bottom
to buy
[06:42 am] Kris : careful here with GMCR if
you have it long, could give one more leg
down if it breaks lod.
[06:43 am] Kris : SPY starting to come into
some resistance here soon.
[06:43 am] Mitch K: AVB strong, could keep
moving when market rebounds
[06:45 am] Kris : looking for FOSL to make a
new lod[06:48 am] Brent : SPY new lows
[06:48 am] Kris : GMCR holding up against the
market
[06:48 am] Kris : out all FSLR
[06:49 am] Kris : CAT new lod[06:49 am] Kris
: still holding 1/4 CAT short
[06:50 am] Kris : ILMN long half
[06:51 am] Kris : FMCN long half
[06:51 am] Kris : out half FOSL short
[06:52 am] Brent : watching SPRD for a
bounce
[06:52 am] Kris : well done scalpman[06:53
am] Kris : SPY trying to bounce
[06:54 am] Mitch K: IDCC moving fast
[06:55 am] Ed : IDCC takeover chatter
[06:55 am] Kris : VRTX long half
[06:58 am] Kris : see how she handles this
area
[06:58 am] Kris : SPY coming into
resistance
[07:01 am] Kris : SPRD looking juicy, nice
one bert[07:02 am] Kris : will watch RIMM for
a bounce to short into
[07:08 am] Kris : getting ready for this SPRD
long
[07:08 am] Kris : SPY testing lod
support
[07:08 am] Kris : yes weston, looking to add
soon
[07:09 am] Kris : looking for seller
exhaustion
[07:09 am] Kris : we’re getting a new volume
high
[07:09 am] Mitch K: GMCR looks toppy
[07:10 am] Kris : ILMN consolidating near the
hod, looking strong
[07:12 am] Kris : long half SPRD
[07:12 am] Mitch K: looking for bounce in
FIO
[07:15 am] Mitch K: watching drop in FMCN
again
[07:19 am] Ed : yes
[07:19 am] Kris : long second half SPRD
[07:19 am] Mitch K: i think FMCN was a Muddy
Waters stock, wasn’t it? they tend to have
a trap door underneath them
[07:21 am] Kris : out half SPRD long
[07:23 am] Kris : out another 1/4 SPRD
long
[07:24 am] Ed : nice call Kris/Brent
[07:24 am] Kris : looking for 18.54 on my
last 1/4 SPRD long
[07:24 am] Kris : out all SPRD long
[07:26 am] Kris : Brent T-Bone
[07:26 am] Kris : go team
[07:29 am] Kris : SPY trying to push through
resistance
[07:31 am] Kris : I stopped out on FMCN, I
still have VRTX and SWKS
[07:32 am] Kris : ILMN near hod[07:33 am] Ed
: OPEN hod[07:39 am] Kris : out half ILMN
long
[07:39 am] Kris : out half VRTX long
[07:40 am] Ed : AMZN lod[07:43 am] Mitch K:
anyone long IOC still?
[07:47 am] Ed : nice call richard IOC
[07:55 am] Ed : watching BSFT not enough
vol. yet
[08:02 am] Mitch K: you guys are shorting the
tops of these bounces right?
[08:07 am] Ed : will pass on BSFT don’t like
vol[08:23 am] Ed : DMND
[08:23 am] Ed : thx appl/rusty
[08:24 am] Ed : advance trade
[08:25 am] Ed : no news
[08:25 am] Ed : yet
[09:24 am] Mitch K: late to see this but prob
more upside
[09:28 am] Ed : EQR has resistance around
55.37ish
[09:33 am] Mitch K: probably getting a lift
from French saying S&P has not warned
them about a pending downgrade from AAA
[09:33 am] Mitch K: that’s a dubious reason
for a bounce though
[09:35 am] Mitch K: consider reducing SHLD if
long
[09:39 am] Mitch K: does anyone ever beat
themselves up for getting a bad price or not
trusting yourself and you keep working that
negativity in your mind?
[09:40 am] Mitch K: you guys are too
funny
[09:42 am] Mitch K: i think you have to keep
looking forward. if you don’t trust
yourself, go back to practicing on a virtual
trading platform and make sure you understand
the technique you are using and are good at
it. then when you trade with real money,
trust yourself
[09:42 am] Mitch K: if you aren’t sure of the
technique or aren’t sure you are doing it
right, your lack of trust in yourself is
justified
[09:43 am] Mitch K: but if you practiced a
solid technique and are good at it, just play
out the procedure and let the odds pay
out
[09:49 am] Ed : EQR wounding up for move
higher
[09:49 am] Ed : not recommending to
trade
[09:52 am] Brent : SHLD not a good setup for
3min fade eyes. Had broken through
resistance, was less than 1 % above the
vwap[09:58 am] Brent : SPY trying to bounce
off support
[10:07 am] Mitch K: you guys watching gold
down $76 oz[10:08 am] Mitch K: Euro under
130
[10:43 am] Brent : watching AEP, volume
coming in
[10:49 am] Mitch K: watching AEP
[10:55 am] Ed : watching CVX
[11:00 am] Ed : CVX asked to suspend all
drilling in brazil
[11:12 am] Brent : consider reducing AEP here
if long
[11:23 am] Mitch K: AEP turning over
[11:27 am] Ed : would reduce some CVX if u
got long
[11:36 am] Brent : SPY testing lod[11:38 am]
Brent : CVX lod[11:57 am] Ed : watching
PAY
[12:00 pm] Ed : pass on PAY, range is small,
not enough $
[12:21 pm] Ed : VPHM hod[12:29 pm] Ed :
would not be shorting VPHM, unless ur
extremely quick and nimble
[12:31 pm] Ed : AKRX
[12:32 pm] Ed : reduce if u got long
AKRX
[12:37 pm] Ed : reduce more AKRX
[12:52 pm] Ed : test
[12:43 pm] Ed : thx Brent
[12:43 pm] Brent : nice one Eddie Money
[12:43 pm] Ed : out all AKRX
[12:43 pm] Brent : nice one Eddie Money
[12:43 pm] Ed : thx Brent
[01:00 pm] Ed : Have a great night
guys/gals
[01:01 pm] Brent : have a great night, see
you in the morning
[01:02 pm] Mitch K: later guys
Users Chat
[05:55 am] qwert : fslr down a ton this
am
[05:57 am] joeytsa : FSLR earnings
[05:58 am] doji : Hi Joey, don’t know why I
closed my FSLR short yesterday
[05:58 am] joeytsa : made a nice
comeback..looks like they touched under
$33
[06:00 am] doji : FSLR will be a good short
if it doesn’t brake 40
[06:01 am] lightning : GMCR has continued
its strong down move from yesterday
[06:01 am] joeytsa : that is a picture
perfect chart for a short
[06:02 am] doji : Remember, windows dressing
this at YE
[06:03 am] doji : ANR, BAC, CSC, FSLR, JNS,
WFR, MWW, NFLX, AIG, X, GMCR
[06:03 am] joeytsa : doji: also triple or
quad witch on friday[06:04 am] doji : Yeah,
the next 3 days will be very interesting
[06:05 am] joeytsa : i basically stopped
pre-market trading
[06:06 am] joeytsa : not sure why i did
though
[06:06 am] joeytsa : i go thru phases where
i do something, then i stop, then get back
into it etc[06:06 am] doji : Well, since
July this market has been crazy and nothing
follows the usual patterns
[06:07 am] joeytsa : i used to play gaps
premarket if i saw them making a move a
minute or 2 b4 the open
[06:07 am] doji : I think FSLR will move at
the open but then fall again, hopefully close
to 30
[06:08 am] joeytsa : I’m sure it will move
at the open, just play it as it moves
[06:08 am] michael : hi all. AMZN right at
yesterday’s low of 178.50
[06:08 am] joeytsa : i was just looking at
AMZN michael
[06:09 am] mikewd2 -: Netflix coverage
resumed with a Neutral at Goldman target
82
[06:12 am] joeytsa : 1225 still looks like a
strong number on the ES
[06:15 am] derns : I see AMZN is below 179
pre-market…
[06:15 am] derns : SLV/AGQ gapped down; FSLR
big gap down
[06:19 am] apple : gm doji – i love you! i
woke up to a nice surprise this morning. I
held FSLR overnight. I owe you lunch!
[06:19 am] doji : No WAy!!!!!!!! and I
closed it yesterday…
[06:20 am] doji : I am happy for you
Apple!
[06:20 am] apple : you said it was going to
go down to at least 40 – i got out at
36.40
[06:21 am] doji : I’ll short it after the
market opens
[06:21 am] doji : The futures are moving dow
since 8:00 ET this morning
[06:23 am] joeytsa : thanks for the list
Kris, watching BIDU also
[06:24 am] joeytsa : major crude
selling..under $97 now, inventories out at
7:30pst
[06:25 am] truck : What is the deal with oil
? Big supply ? Slow economy ? What ?[06:26
am] joeytsa : you got me truck…yesterday
it was the iran story
[06:26 am] doji : NFLX dropping
[06:27 am] joeytsa : FXE not far from 52wk
low
[06:28 am] joeytsa : euro weakness should
give the dollar a nice rise
[06:29 am] joeytsa : rise in dollar should
make gold fall?
[06:32 am] mhaus : IOC
[06:34 am] mhaus : FMCN
[06:35 am] mikewd2 -: FST
[06:35 am] doji : Die, FSLR die
[06:35 am] derns : GMCR aggressively
dropping
[06:35 am] doji : Short from 36.82
[06:37 am] joeytsa : AAPL looking weak so
far
[06:37 am] mhaus : GTLS
[06:37 am] doji : out 1/2 FSLR 34.61
[06:39 am] mikewd2 -: out 1/2 FST
[06:40 am] joeytsa : BIDU consolidating a
bit
[06:40 am] joeytsa : the ES uptrending 6 pts
since the open
[06:41 am] mikewd2 -: AGQ coming off
bottom
[06:42 am] mhaus : AVB
[06:43 am] mhaus : HIG rumor
[06:44 am] mikewd2 -: SGI a bit late
[06:44 am] joeytsa : CVX nice gap close
[06:44 am] joeytsa : ESRX trying too
[06:45 am] mhaus : IOC
[06:47 am] joeytsa : market testing
lows
[06:48 am] derns : watching AMZN
[06:49 am] truck : watching APA
[06:51 am] scalpman : ouT 1/2 gmcr l
[06:52 am] michael : so you know I learned
from yesterday, if LCC turns over here around
5.45 I will reshort it, otherwise I’ll
wait
[06:53 am] doji : GMCR moving
[06:53 am] joeytsa : PCLN weak
[06:54 am] mhaus : IDCC
[06:55 am] mhaus : IDCC chatter
[06:55 am] doji : out 1/4 FSLR
[06:55 am] doji : Trailing last 1/4
[06:55 am] mhaus : RVSN
[06:56 am] joeytsa : PM gave up the entire
quick spike on the open
[06:56 am] lightning : watching SPRD for
bounce
[06:57 am] lightning : SGI has been a
beautiful long
[06:58 am] joeytsa : want to see AMZN top
with the market
[06:58 am] mikewd2 -: yes it has
lightning
[07:01 am] scalpman : Out another 1/14 GMCR
L
[07:01 am] lightning : all out SGI long
here
[07:01 am] trvlntrdr : Trgt below 8– might
move if it breaks above
[07:02 am] scalpman : All out GMCR
[07:02 am] vilazio : SPRD for long or
short?
[07:02 am] doji : No bottom for FSLR
[07:02 am] doji : Apple, did you short it
again?
[07:03 am] lightning : vilazio, we’re
watching SPRD with the idea that it may
become a long…it isn’t ready yet
[07:04 am] joeytsa : that was a really nice
rebound on GMCR
[07:05 am] weston : hey Kris, are you still
holding FMCN?
[07:05 am] joeytsa : FIO diving
[07:08 am] thomasohana : SPRD looks
exhausted…
[07:10 am] joeytsa : AMZN trying to lose
$176
[07:11 am] joeytsa : AMZN might just leg
down from there if it loses that support
[07:11 am] apple : yes, doji, out now
[07:12 am] thomasohana : SPRD turning?….
maybe?
[07:15 am] richard : SPRD
[07:15 am] joeytsa : nice call Mitch
[07:16 am] derns : SPRD…stepped away for 3
sec’s and got stopped out
[07:18 am] eyes : what’s your stop SPRD
Kris
[07:22 am] vilazio : FMCN long now?
[07:22 am] scalpman : Out 1/2 SPRD
[07:24 am] scalpman : Out another 1/2 SPRD
L
[07:24 am] scalpman : 1/4
[07:25 am] joeytsa : crude inventories in
5m
[07:25 am] derns : nice trade on SPRD
scalpman, others…my stop was too tight
[07:25 am] michael : SPRD was great, thank
you Brent/Kris
[07:25 am] scalpman : All out SPRD
[07:25 am] qwert : thx for fslr and sprd
awesome!
[07:25 am] truck : thanks for SPRD
[07:25 am] thomasohana : yea, thanks for
SPRD for sure
[07:26 am] lightning : still trailing my
last bit of SPRD to see if it can get through
VWAP
[07:26 am] vilazio : I didn’t know why
watching FMCN drop . But it goes up.
[07:26 am] scalpman : Two great trades
today…thanks Kris and Brent…
[07:27 am] vilazio : I missed FMCN
[07:27 am] weston : hey Kris, dunno whether
if you are still holding these stocks:
SWKS,FMCN and VRTX
[07:28 am] thomasohana : SPRD breaking thru
VWAP
[07:29 am] richard : IOC
[07:29 am] qwert : great job lightning
[07:31 am] joeytsa : quick 65cent spike down
then $1 up quick move
[07:31 am] Ed : nice one richard
[07:31 am] truck : look at SPRD…more than
50% retracement !
[07:31 am] michael : did you take it
joey?
[07:31 am] thomasohana : Go SPRD!
[07:31 am] joeytsa : inventories down
1.9B?
[07:32 am] lightning : all out SPRD
[07:32 am] weston : thanks :), btw may I
know usually how do you set up your
stop?
[07:32 am] joeytsa : michael, went by wayyy
too fast
[07:32 am] michael : I almost went for the
long, but the down confused me
[07:32 am] truck : good light,,,I was out 30
min ago !
[07:32 am] joeytsa : i use tick charts…you
should see my screen haha[07:33 am] mhaus :
Weston, usually questions get answered after
1:00PM EST
[07:33 am] eyes : L sprd 18.09 out 1/2 18.27
1/4 18.28 1/4 19.20
[07:34 am] Ed : nice eyes
[07:34 am] mhaus : you have your stop just
below the support if long or just above
resistance if short
[07:34 am] qwert : way to go eyes
[07:35 am] mhaus : COG
[07:38 am] vilazio : hod is for long or
short
[07:38 am] lightning : watching SPRD again
for another bounce…would like it to drop a
lot more first though
[07:38 am] apple : high of day – lod low of
day
[07:39 am] vilazio : OK is it for
short?
[07:39 am] Ed : just mentioning, will
continue to monitor for potential trade
[07:39 am] qwert : k thx for vrtx and
ilmn[07:42 am] derns : AMZN…
[07:43 am] Ed : was it dan or derns that
shorted amzn yesterday
[07:45 am] lightning : no OPEN shares to
short at LS
[07:45 am] derns : I wish I had on a real
trade…I opened a short on simulation
only…but I did study it…there doesn’t
seem to be support on the daily until it hits
174 and then down to 161…RSI is currently
13.4
[07:45 am] Ed : wondering if u still held
it
[07:45 am] derns : that is re: AMZN
[07:46 am] derns : I don’t hold a short for
a real trade
[07:46 am] Ed : gotcha
[07:47 am] derns : Lightning..I think you
said you were watching for another drop in
SPRD
[07:47 am] doji : IOC was a nice call,
unfortunately I didn’t get it, on a
conference call
[07:48 am] apple : thx for COG mhaus[07:48
am] doji : But FSLR has been very nice with
me
[07:48 am] anthonyb : all out SINA
short
[07:49 am] doji : Just having a good entry
price and then just moving my stops!
[07:50 am] doji : IOC turning
[07:50 am] apple : good call on CAT, K,
unfortunately i had my stop close, but made
some #
[07:50 am] jsn13 : anyone shorted SPRD at
the top?
[07:51 am] derns : no SPRD shorts available
at Schwab
[07:51 am] anthonyb : derns, you need a new
broker
[07:51 am] mikewd2 -: shares were available
at etrade[07:51 am] lightning : I didn’t try
to short SPRD…wish I had
[07:51 am] derns : ZSL
[07:52 am] jsn13 : are there any for IB? i
din try as well….
[07:52 am] eyes : is anyone s ioc here
[07:53 am] khall : yes, IB has SPRD for
shorts
[07:53 am] qwert : not yet eyes but
watching
[07:53 am] anthonyb : jsn13. IB has them
for you to short
[07:55 am] anthonyb : RIG might break lod
here
[07:55 am] lightning : and there it
goes
[07:55 am] anthonyb : moving stop to
40.50ish on RIG short
[07:56 am] doji : Oil stocks very weak
today
[07:57 am] mhaus : CAG
[07:57 am] lightning : OPEN may give a long
soon if volume picks up
[07:57 am] lightning : OK, I’m looking for
OPEN to get to 37.50ski
[07:57 am] rusty : EBAY to challenge
GRPN
[07:58 am] rusty :
http://mashable.com/2011/12/14/ebay-to-challe
nge-groupon/
[07:58 am] anthonyb : I made one trading
mistake today.
[07:58 am] mhaus : JOY
[07:58 am] qwert : sorry eyes was looking
around and missed entry for ioc short
[07:59 am] anthonyb : ES at lod[07:59 am]
michael : JOY great mhaus, I just saw it
late
[07:59 am] rusty : putting SOHU on radar for
a swing
[08:00 am] anthonyb : JOY has given me “no
joy” today
[08:00 am] qwert : ilmn still looking
good
[08:01 am] derns : SPRD..almost back to its
lod. Brent/Ed/Kris…is it a bad idea to
play the same 3 min fade on a repeat?
[08:02 am] anthonyb : all out RIG short
[08:02 am] qwert : eyes did you get ioc
short
[08:02 am] apple : yes
[08:02 am] anthonyb : yes sir
[08:02 am] Brent : If SPRD drops enough on
volume it could set up another 3min fade, but
this isn’t a 3min setup here
[08:03 am] apple : thx for the reminder
B
[08:04 am] derns : Brent..thx..Got that, I
am waiting for the set up (volume,
consecutive candles, etc.). I was
questioning whether a repeat fade is wise or
stay away.
[08:31 am] Ed : added 31.07 and 30.79
[08:33 am] lightning : watching ROSE for a
bounce
[08:33 am] jsn13 : Ok thanks…..
[08:33 am] weston : my broker doesn’t have
shares to let me short 🙁
[08:39 am] rusty : SLV, SLW worth
watching
[08:40 am] jsn13 : doji what do u think
about ROSE?
[08:43 am] mhaus : OSK
[08:49 am] truck : Gold down $81.00…Anyone
remember last time that happened ?
[08:50 am] rusty : GLD and SLV moves getting
extended
[08:51 am] apple : jsn did you take ROSE L?
had a nice consolidation then move up
[08:53 am] mhaus : ACOM
[08:55 am] jsn13 : Nope…..cos it looks
like it won’t bounce….
[08:57 am] rusty : looks like DMND up on
this perhaps…
http://mydmnd.com/pages/default.aspx
[09:02 am] apple : CAT lod[09:02 am]
chinhngo : can i long on cat ?
[09:03 am] apple : chin it was just a
comment – it’s been going down all day
[09:05 am] apple : and still moving
[09:05 am] apple : thx rusty for SOHU
[09:06 am] weston : mhaus are u in
ACOM?
[09:07 am] mhaus : No. Just watching
[09:08 am] derns : DMND and AMZN creeping
back up
[09:09 am] apple : IDCC moving
[09:10 am] apple : when does the webinar
replay expire? I need to view it again.
thanks.
[09:11 am] joeytsa : next week i think
[09:11 am] derns : SPY moving up..maybe
temporarily
[09:11 am] khall : I’d actually love to have
the webinar on a DVD. Is that still a
possibility?
[09:13 am] rusty : Analyst cuts FSLR target
to $20
[09:13 am] apple : wow – good for us
[09:13 am] joeytsa : wow PCLN almost hit
that $100 drop from the top
[09:14 am] joeytsa : did you catch AMZN
ed[09:14 am] mhaus : SHLD
[09:14 am] Ed : nope, missed the whole
move
[09:15 am] lisas : I was wondering the same
thing khall, Ed, do you know if webinar will
be on DVD. I think they said it would at one
time.
[09:15 am] joeytsa : yeah me too, i catch it
on the next move
[09:15 am] Ed : I had it drawn up too
[09:15 am] Ed : not sure lisa[09:15 am]
joeytsa : yeah, almost $8 drop from the 178
level
[09:16 am] mhaus : Lisas, I think by
December 25th. Mitch can confirm.
[09:16 am] joeytsa : gold nice and weak
[09:17 am] doji : AMZN has resistance at
76…..
[09:18 am] joeytsa : euro just had a
spike
[09:19 am] richard : watching BIDU
[09:19 am] doji : AMZN S half here
[09:20 am] apple : doji are you still in
FSLR
[09:20 am] joeytsa : derns: you here?
[09:20 am] doji : Filled at 174.94, now
trailing, it should work by itself while I
take the call
[09:20 am] derns : sure am Joey…
[09:20 am] joeytsa : you catch AMZN?
[09:20 am] doji : That is my friends,
multitasking
[09:21 am] joeytsa : i know you were
watching it
[09:21 am] doji : Yes, at 9:19AM
[09:22 am] joeytsa : China preparing to
unleash stimulus on global slowdown
fears
[09:22 am] doji : NFLX also turning
[09:22 am] derns : I did not short it
live…I saw it bounce off 170.38…I wonder
if it breaks 170 in the next few days
[09:22 am] doji : same as BIDU
[09:22 am] rusty :
http://www.streetinsider.com/rating_history.p
hp?q=fslr&firm=18 FSLR genius
analyst
[09:22 am] joeytsa : gotya[09:22 am] derns
: What kind of stimulus can China
unleash?
[09:23 am] joeytsa : not sure…but saw that
they are getting their navy ready for
action
[09:24 am] doji : BIDU
[09:24 am] derns : the world needs China to
become a sustainable consumer economy and let
some others export for a while
[09:25 am] apple : nice chart on SHLD
[09:25 am] joeytsa : guy on fast money said
that if AAPl breaks $370..he is calling a
$300 target
[09:26 am] joeytsa : derns : china article
on forbes.com
[09:26 am] derns : apple..interesting on
SHLD…is that a potential fade to short
[09:26 am] joeytsa : China’s hU tells navy
to get ready for military combat
[09:27 am] apple : no, MK just said late to
see but prob more upside — see comment
[09:28 am] derns : Joey..you weren’t
joking…china has a very large navy…larger
than US I think
[09:29 am] joeytsa : no joking
[09:29 am] apple : see the joke would be on
us
[09:32 am] derns : France says they have not
been notified by S&P of any pending
action
[09:32 am] apple : do not ever underestimate
the Chinese
[09:33 am] derns : apple..yes…chinese
military action could certainly be a game
changer on market dynamics..
[09:33 am] doji : SHLD at resistance
[09:34 am] joeytsa : i did a lot of reading
on them 2-3 yrs ago
[09:35 am] joeytsa : they had a ton of
infrastructure plans in the works…not sure
how far they went thru with them…
[09:35 am] joeytsa : about 20 airports in
the works, 12 the size of O’Hare
[09:35 am] apple : that is a lot and O’Hare
is big
[09:36 am] khall : when I was in Angola last
year they were sending workers over to Luanda
to “help” build infrastructure there and were
in talks with Angola for shares in the
offshore oil plays
[09:36 am] khall : they are definitely
planning ahead
[09:36 am] derns : you can certainly be
productive in a communistic regime
[09:36 am] apple : yes, khall, i read about
that — they wanted to help Africa
[09:36 am] joeytsa : good to know
khall..also heard canada planning to ship oil
to asia[09:37 am] joeytsa : help africa or
help them unload some resources? 🙂
[09:37 am] khall : help themselves to
resources
[09:38 am] khall : the thing about Africa is
they have resources, just not the skill or
means to free them up
[09:39 am] eyes : any one s SHLD here
[09:39 am] apple : no, eyes
[09:40 am] eyes : I do
[09:40 am] lisas : no, but I heard some
people do
[09:40 am] jsn13 : ME
[09:40 am] joeytsa : only when it’s my
mistake
[09:40 am] apple : i have a friend who
did
[09:40 am] lisas : a distant relative
did
[09:40 am] joeytsa : if i take a chance on
getting a bad price and i do, then i don’t
get mad
[09:41 am] jsn13 : how to work on that
Mitch?
[09:41 am] joeytsa : not sure what burns me
more…going limit and missing my trade or
going market and getting a crappy fill
[09:42 am] joeytsa : all depends on the
trade expectation i guess
[09:42 am] apple : great advice, MK
[09:42 am] eyes : It’s not funny I keep
beating my head against the wall
[09:42 am] michael : hard watching the train
leave the station Joey when you’re not on
it
[09:42 am] mhaus : watching PRGO
[09:43 am] joeytsa : yes mitch, and if the
trade still doesn’t work out you still have
to ask yourself ‘ did i do the right thing?
‘
[09:43 am] joeytsa : and would i do it
again..or get back in if the trade is still
valid
[09:43 am] mhaus : Sure of the technique,
still do some stupid stuff 🙁
[09:43 am] jsn13 : That’s the part that i
missed, letting those not working out one
sticked in my mind…
[09:44 am] Mitch K: well, as in individual
sports, or even team sports, it is a process
of minimizing the mistakes that make big
progress
[09:44 am] lisas : journaling or a trade log
helps a lot
[09:44 am] apple : yes it does, lisa[09:44
am] joeytsa : only if you study it lisa
haha[09:45 am] lightning : covered 1/3 IDCC
short there
[09:46 am] Ed : one must trade in the now,
like a QB, if he throws and keeps recalling
in negative way, he never gets passed it and
plays scared
[09:47 am] lightning : covering the rest of
IDCC…
[09:48 am] Ed : he definitely has the mental
framework for being a winner
[09:48 am] jsn13 : Ok good
advices….thanks…but getting bad prices on
stocks that u r kinda confident in did reduce
ur confidence since risk is higher…
[09:48 am] joeytsa : trading goal should be
flawless performance
[09:49 am] apple : that’s right, joey,
practice makes perfect (or as good as it
gets)
[09:49 am] jsn13 : The tradeoffs between
price and confirmation was the prob for
me…
[09:49 am] lightning : watching WLT for a
possible short
[09:50 am] lisas : jsn, I was reviewing one
of the videos yesterday and Kris said if the
stock didn’t move the way he expected, he did
start protecting the trade
[09:50 am] lisas : within a reasonable time
period
[09:50 am] apple : and that is the smart
thing to do
[09:50 am] joeytsa : good advice
[09:51 am] jsn13 : have come across stocks
that did not move up for a while and suddenly
shot up? if u stay with ur stop loss, they
can have high payoffs….
[09:51 am] eyes : How do you get confidence
when I shorted 3 min fade shld and look
[09:52 am] joeytsa : jsn: that’s patience,
mine is lacking quite often
[09:53 am] jsn13 : leaving the 3% -5% stop
loss open is the prob here….u have 2
conflicting ideas here…..
[09:56 am] joeytsa : jsn: you need some kind
of rules that you are comfortable with
[09:57 am] joeytsa : WLT on a nice run
[10:00 am] jsn13 : to be honest i have
it…..running through simulations i can be
up 5% or more on good days…even bad days i
can BE….the funny thing is that looking at
the price actions, thin too much and missed
those moves… hard to justify in a concrete
way what good moves/price actions
mean….
[10:02 am] jsn13 : if i chase certain moves,
having a wide stop loss is risk even with
perfect setup….so often time, i missed the
moves….
[10:03 am] joeytsa : no easy answer…let
trades come to you, if they work out great,
if not so be it..if you miss it oh well
[10:04 am] apple : jsn, there are always
plenty of ideas coming thru here. be patient
and study
[10:04 am] jsn13 : they are fantastic mover
like FMCN and GMCR in the morning…..
[10:05 am] jsn13 : but luckily i got a 5% on
SPRD….that was nice…
[10:06 am] joeytsa : i don’t use %, so
someone else can help you there
[10:07 am] apple : joey, thinks in terms of
$$$
[10:07 am] joeytsa : only because that’s how
i pay my bills 🙂
[10:07 am] apple : not in
percentages…
[10:07 am] jsn13 : as in 5% profit on
SPRD….
[10:07 am] joeytsa : yeah gold getting
torched
[10:08 am] joeytsa : dollar should be having
a good day
[10:08 am] apple : CAT did a nice
reversal
[10:09 am] joeytsa : as far as %vs$…it’s
because i can spot money/trade targets
easier..it’s not that one is better than the
other…the main thing is if the trade is a
good idea or not
[10:09 am] jsn13 : Ed, did u play SPRD n the
morning? at which bar u start to go
long?
[10:09 am] lightning : WLT looks like it is
turning over
[10:10 am] joeytsa : yeah light…not the
best r/r for me
[10:10 am] joeytsa : it’s between s/r
[10:11 am] lightning : S= 61.78 and R=
60.97?
[10:11 am] joeytsa : unless it gives a buy,
then maybe a 2:1 r/r
[10:16 am] joeytsa : WLT turned into a nice
trade
[10:18 am] joeytsa : WLT hitting res, needs
a vol push or a slight pullback is
coming
[10:40 am] mhaus : IDCC
[10:41 am] mhaus : GMCR moving steadily
[10:43 am] lightning : AEP drop
[10:43 am] lightning : sorry, not much there
yet
[10:45 am] victor51 : I had only one trade
today because of TS problems. ITMN is moving
up good. Thanks.
[10:52 am] derns : looks like the same from
when I left!..watching AEP
[10:55 am] jimv : CVX?
[10:55 am] michael : CVX dropping on good
volume
[11:04 am] lightning : you would think the
CVX news would push up oil prices, but they
continue to fall.
[11:05 am] victor51 : LONG eap AT 38.50 WITH
TIGHT LIMIT
[11:06 am] weston : nice!
[11:07 am] weston : when is the best time to
get im these trade? CVX &AEP
[11:09 am] rusty : BRAZIL PROSECUTORS ASK
CHEVRON (CVX) FOR 20 BLN REAIS IN
DAMAGES
[11:09 am] rusty : out little while ago
[11:15 am] mhaus : LRN!!!
[11:19 am] derns : GMCR is crazy
[11:24 am] Ed : weston both CVX and AEP were
advanced trades
[11:27 am] weston : got ya..thanks
[11:28 am] apple : just got back, wow look
at NFLX!
[11:32 am] michael : should get another
chance here
[11:35 am] michael : AMZN might make its
next trip to the basement here soon
[11:35 am] apple : amzn[11:37 am] apple :
nice chart…
[11:37 am] lightning : AKRX drop
[11:41 am] apple : nice drop on CVX
[11:46 am] weston : light do u plan to get
in AKRX?
[11:46 am] derns : RIMM CEO’s are worst
CEO’s of 2011 per Herb on CNBC
[11:46 am] qwert : bye everybody gotta go do
some Christmas shopping see ya in the am
thanks for all the good calls
[11:46 am] Ed : c ya qwert[11:46 am]
lightning : weston, maybe. AKRX needs to
stop dropping first.
[11:46 am] derns : have a good afternoon
qwert[11:47 am] apple : derns, i think
Corzine was the worst CEO
[11:47 am] joeytsa : corzine just had
terrible timing 🙂
[11:48 am] derns : Corzine was excluded on
the pick because he is not the MF CEO,
currently. But, I think you have a very good
point..he can’t find $1.2 billion.
[11:48 am] lightning : yes, he has really
suffered. I expect he’ll be at Occupy Wall
Street from now on.
[11:48 am] apple : GMCR made a nice comeback
today
[11:50 am] lightning : the difference
between Madoff and Corzine is that Madoff
knows where the money went: houses, jewelry,
his kids, boats, etc.
[11:51 am] derns : lightning..that’s an
interesting point…I seem to recall Madoff
knew all..kept the books in his head
[11:52 am] joeytsa : derns: it has to do
with the borrowing of stocks etc…will try
to find a really good article i read on sun
or mon[11:53 am] apple : CVX lod[11:55 am]
joeytsa :
http://tycoonreport.tycoonresearch.com/articl
es/924700843/lessons-from-mf-global-is-your-m
oney-at-risk
[11:55 am] joeytsa : that was one i read
derns[11:55 am] derns : DMND..slowly
creeping again..gotta be slow short
covering..look at GMCR
[11:55 am] weston : nice call on ARKX, light
thanks
[11:56 am] derns : thx for the article..will
read after closing
[11:56 am] apple : thx MK, K, B, E and
everyone. Got to pick up my son from school.
Everyone have a great evening.
[11:57 am] lightning : glad you took it. I
was looking for it to test 10.03 before going
long. So I missed it.
[11:57 am] joeytsa : no prob, good info
there, esp the tues and wed articles
[11:57 am] Ed : c ya apple
[12:01 pm] joeytsa : oil ends below $95
[12:01 pm] Ed : sweet crude
[12:02 pm] joeytsa : at least until the next
iran situation
[12:02 pm] Ed : which could be seconds
[12:02 pm] derns : AMZN bounced off its
lowest point since March…back up in safer
territory
[12:03 pm] joeytsa : been thinking about a
leap in oil, same with gold on a pullback to
1500
[12:05 pm] joeytsa : zynga ipo already
listed as a sell from 1 analyst
[12:05 pm] joeytsa : opens on fri?
[12:06 pm] derns : I’m beginning to think
the expected y/e Santa Claus rally to S&P
1330 is highly unlikely
[12:06 pm] joeytsa : we’ll know in 2
weeks
[12:06 pm] joeytsa : 12/26-1/2 i think
[12:07 pm] Ed : markets are closed 12/26
[12:07 pm] joeytsa : right, forgot…but
it’s that week that the rally is supposed to
be
[12:08 pm] Ed : another IPO that fizzled
SN
[12:09 pm] joeytsa : gold stocks/miners
headed lower
[12:11 pm] Ed : VPHM is open
[12:12 pm] joeytsa : flurry of buying
[12:15 pm] derns : AMZN has developed an
interesting candle on the daily
[12:15 pm] joeytsa : fighting to hold that
178 huh
[12:20 pm] Ed : what do u know PAY did what
it wanted, LOL
[12:21 pm] joeytsa : yeah, but did it do
what YOU wanted 🙂
[12:21 pm] Ed : hmmmmmmmm[12:22 pm] joeytsa
: nice trade there
[12:22 pm] Ed : it did, but i could not find
my ticket
[12:22 pm] joeytsa : ha
[12:24 pm] joeytsa : derns: you use schwab
right? can’t remember are you using sse or
ssp?
[12:24 pm] derns : I am using ssp..I am used
to it…which one do you use
[12:25 pm] joeytsa : sse for charts
[12:25 pm] derns : and you trade on what
platform?
[12:25 pm] joeytsa : lightspeed[12:26 pm]
derns : hmmm…good idea..I use esignal
charts, but they are expensive and I probably
don’t use the tools as best I can…I have 9
charts up on one monitor
[12:27 pm] joeytsa : making the switch as
soon as new computer gets here
[12:27 pm] derns : switch to esignal?
[12:27 pm] joeytsa : yeah..link it to ls
order entry
[12:27 pm] derns : smart idea!
[12:28 pm] derns : AMZN…
[12:28 pm] lightning : joey, you can’t link
order entry between e-signal and Lightspeed
— unless that just happened in the last
month or two.
[12:28 pm] joeytsa : says you
can..hmmm[12:28 pm] lightning : you can link
it so that when you pull up a quote in
Lightspeed the e-signal chart comes up.
[12:29 pm] lightning : maybe something was
developed and I didn’t know about it
though.
[12:29 pm] joeytsa : if you pull the quote
up in your entry box wont it load the
chart?
[12:29 pm] lightning : yes, but you can’t
trade from e-signal
[12:30 pm] lightning : for some brokers, you
can trade from the chart itself.
[12:30 pm] joeytsa : no, i want to trade
thru LS..just be able to use the esig
charts
[12:30 pm] lightning : then you’re
fine.
[12:30 pm] joeytsa : oh i see what you
mean
[12:30 pm] lightning : that’s what I
do…although trading from the charts would
be cool.
[12:30 pm] joeytsa : i also think i can link
both with my madscan..so 1 click loads
everything
[12:33 pm] joeytsa : real nice call on
AKRX
[12:38 pm] joeytsa : totally missed HUM
spike down
[12:38 pm] michael : I had it joey, but only
a buck so I passed
[12:46 pm] eyes : I just came back into the
room after clearing my head and got L AKRX
9.56 out 1/2 .66 1/4 .75 1/4 10.00 even
thanks ED
[12:46 pm] joeytsa : there ya go eyes
!!!!
[12:47 pm] Ed : great going Eyes
[12:47 pm] joeytsa : taking profits here on
HUM
[12:47 pm] Brent : nice one eyes
[12:47 pm] michael : we knew u had it in you
eyes, we just needed you to realize it
[12:48 pm] joeytsa : gold stocks getting a
quick spike
[12:50 pm] michael : natural gas even more
radical decline, $5 in July to $3 now
[12:50 pm] joeytsa : AMZN over 180…big
moves today
[12:50 pm] joeytsa : i still think natgas
has big upside
[12:51 pm] joeytsa : just not like how most
investors think
[12:51 pm] michael : I’m with you joey, just
waiting
[12:51 pm] derns : joey…do you mean in
terms of broad usage or stock market value,
or both?
[12:51 pm] joeytsa : most investors are
thinking that natgas is the actual
play…they are wrong
[12:52 pm] joeytsa : in my opinion
[12:53 pm] joeytsa : derns: i think the real
natgas winners will be the companies that get
the jump on technologies that actually use
natgas[12:54 pm] joeytsa : WAB big
spike
[12:54 pm] derns : joey…what does today’s
AMZN activity tell us? It dropped below 177,
created a new floor and bounced up
[12:54 pm] joeytsa : lower vol[12:54 pm]
rusty : BPAX looks like results must have
leaked
[12:55 pm] joeytsa : i have no idea derns
but that area is a key for now
[12:56 pm] derns : and it has created that
interesting candle on the daily..I think it
is called a hammer. What a great lesson from
yesterday..thx[12:57 pm] vilazio : What kind
of chart is this? What are the box like
indicators?
[12:57 pm] derns : vilazio…I think the
light green boxes are darvis boxes.
[12:58 pm] joeytsa : dern: best guess is
AMZn has strong support here, which means
that it if does break and close under it
should tumble
[12:58 pm] joeytsa : again, just a guess,
but it has been a strong area all year
[12:59 pm] derns : got it…like I said, I
watched it closely..wish I had shorted, took
it off, and then went long for the day
[12:59 pm] joeytsa : same here
[12:59 pm] vilazio : darvis box? For what?
How to use it?
[01:00 pm] Brent : Darvis boxes basically
show recent support/resistance areas
vilazio[01:00 pm] Brent : Darvis boxes
basically show recent support/resistance
areas vilazio[01:01 pm] derns : anyone..what
does it mean when the last trade of the day
has a huge candle?
[01:02 pm] vilazio : Brent they aren’t they
easier to check support / resistance?
[01:02 pm] joeytsa : thanks mitch[01:02 pm]
derns : thx MK
[01:02 pm] Brent : I don’t understand the
question vilazio[01:03 pm] michael : my
understanding is they are cleanup orders
Derns[01:03 pm] joeytsa : been seeing those
a lot
[01:03 pm] derns : ok..so I shouldn’t read
anything like a huge buy or sell in the last
minute? I get suspicious
[01:03 pm] vilazio : I mean aren’t they
easier for beginners to find support and
resistance at a glance?
[01:04 pm] joeytsa : lots of s/r to look
at…darvis is just another
[01:04 pm] Brent : yes that’s right
vilazio[01:04 pm] michael : you can see them
on the level 2 also, one single deal
[01:04 pm] michael : last was for
Derns[01:05 pm] Brent : they don’t show all
s/r, just recent areas
[01:05 pm] vilazio : Thank you Brent and
all. Have a nice one. Good bye
[01:05 pm] joeytsa : those throw me off too
derns[01:06 pm] joeytsa : i wonder if they
would trigger stop losses
[01:06 pm] michael : level 2 really shows
’em, you see 3, 2, 5, 2000
[01:06 pm] derns : thx michael…I’m looking
at a number of last minute charts now…there
was a lot of final trade clean-ups…perhaps
by the market maker? Or is it something more
sinister…like an institutional trade?
[01:07 pm] joeytsa : time/sales is more
accurate than L2
[01:07 pm] michael : that answer is way
above my pay grade
[01:07 pm] joeytsa : L3 is better than L2
for order flow also
[01:08 pm] joeytsa : L2…doesn’t always end
up going thru…
[01:08 pm] joeytsa : time/sales is the only
way to confirm if the order went thru
| [05:55 am] qwert : fslr down a ton this
am
[05:57 am] joeytsa : FSLR
earnings
[05:58 am] doji : Hi Joey,
don’t know why I closed my FSLR short
yesterday
[05:58 am] joeytsa : made
a nice comeback..looks like they touched
under $33
[06:00 am] doji : FSLR
will be a good short if it doesn’t brake
40
[06:01 am] lightning : GMCR has
continued its strong down move from
yesterday
[06:01 am] joeytsa : that
is a picture perfect chart for a
short
[06:02 am] doji : Remember,
windows dressing this at YE
[06:03 am]
doji : ANR, BAC, CSC, FSLR, JNS, WFR,
MWW, NFLX, AIG, X, GMCR
[06:03 am]
joeytsa : doji: also triple or quad
witch on friday
[06:04 am] doji :
Yeah, the next 3 days will be very
interesting
[06:05 am] joeytsa : i
basically stopped pre-market
trading
[06:06 am] joeytsa : not
sure why i did though
[06:06 am]
joeytsa : i go thru phases where i do
something, then i stop, then get back into it
etc
[06:06 am] doji : Well, since
July this market has been crazy and nothing
follows the usual patterns
[06:07 am]
joeytsa : i used to play gaps premarket
if i saw them making a move a minute or 2 b4
the open
[06:07 am] doji : I think
FSLR will move at the open but then fall
again, hopefully close to 30
[06:08 am]
joeytsa : I’m sure it will move at the
open, just play it as it moves
[06:08 am]
michael : hi all. AMZN right at
yesterday’s low of 178.50
[06:08 am]
joeytsa : i was just looking at AMZN
michael
[06:09 am] mikewd2 -: Netflix
coverage resumed with a Neutral at Goldman
target 82
[06:12 am] joeytsa : 1225
still looks like a strong number on the
ES
[06:15 am] derns : I see AMZN is
below 179 pre-market…
[06:15 am]
derns : SLV/AGQ gapped down; FSLR big
gap down
[06:19 am] apple : gm doji
– i love you! i woke up to a nice
surprise this morning. I held FSLR
overnight. I owe you lunch!
[06:19
am] doji : No WAy!!!!!!!! and I closed
it yesterday…
[06:20 am] doji : I
am happy for you Apple!
[06:20 am]
apple : you said it was going to go
down to at least 40 – i got out at
36.40
[06:21 am] doji : I’ll short
it after the market opens
[06:21 am]
doji : The futures are moving dow since
8:00 ET this morning
[06:23 am]
joeytsa : thanks for the list Kris,
watching BIDU also
[06:24 am]
joeytsa : major crude selling..under
$97 now, inventories out at
7:30pst
[06:25 am] truck : What is
the deal with oil ? Big supply ? Slow economy
? What ?
[06:26 am] joeytsa : you
got me truck…yesterday it was the iran
story
[06:26 am] doji : NFLX
dropping
[06:27 am] joeytsa : FXE
not far from 52wk low
[06:28 am]
joeytsa : euro weakness should give the
dollar a nice rise
[06:29 am]
joeytsa : rise in dollar should make
gold fall?
[06:32 am] mhaus :
IOC
[06:34 am] mhaus :
FMCN
[06:35 am] mikewd2 -: FST
[06:35
am] doji : Die, FSLR die
[06:35 am]
derns : GMCR aggressively
dropping
[06:35 am] doji : Short
from 36.82
[06:37 am] joeytsa : AAPL
looking weak so far
[06:37 am] mhaus
: GTLS
[06:37 am] doji : out 1/2
FSLR 34.61
[06:39 am] mikewd2 -: out 1/2
FST
[06:40 am] joeytsa : BIDU
consolidating a bit
[06:40 am]
joeytsa : the ES uptrending 6 pts since
the open
[06:41 am] mikewd2 -: AGQ coming
off bottom
[06:42 am] mhaus :
AVB
[06:43 am] mhaus : HIG
rumor
[06:44 am] mikewd2 -: SGI a bit
late
[06:44 am] joeytsa : CVX nice
gap close
[06:44 am] joeytsa : ESRX
trying too
[06:45 am] mhaus :
IOC
[06:47 am] joeytsa : market
testing lows
[06:48 am] derns :
watching AMZN
[06:49 am] truck :
watching APA
[06:51 am] scalpman :
ouT 1/2 gmcr l
[06:52 am] michael :
so you know I learned from yesterday, if LCC
turns over here around 5.45 I will reshort
it, otherwise I’ll wait
[06:53 am]
doji : GMCR moving
[06:53 am]
joeytsa : PCLN weak
[06:54 am]
mhaus : IDCC
[06:55 am] mhaus
: IDCC chatter
[06:55 am] doji : out
1/4 FSLR
[06:55 am] doji : Trailing
last 1/4
[06:55 am] mhaus :
RVSN
[06:56 am] joeytsa : PM gave up
the entire quick spike on the open
[06:56
am] lightning : watching SPRD for
bounce
[06:57 am] lightning : SGI
has been a beautiful long
[06:58 am]
joeytsa : want to see AMZN top with the
market
[06:58 am] mikewd2 -: yes it has
lightning
[07:01 am] scalpman : Out
another 1/14 GMCR L
[07:01 am]
lightning : all out SGI long
here
[07:01 am] trvlntrdr : Trgt
below 8– might move if it breaks
above
[07:02 am] scalpman : All out
GMCR
[07:02 am] vilazio : SPRD for
long or short?
[07:02 am] doji : No
bottom for FSLR
[07:02 am] doji :
Apple, did you short it again?
[07:03 am]
lightning : vilazio, we’re watching
SPRD with the idea that it may become a
long…it isn’t ready yet
[07:04 am]
joeytsa : that was a really nice
rebound on GMCR
[07:05 am] weston :
hey Kris, are you still holding
FMCN?
[07:05 am] joeytsa : FIO
diving
[07:08 am] thomasohana : SPRD
looks exhausted…
[07:10 am]
joeytsa : AMZN trying to lose
$176
[07:11 am] joeytsa : AMZN might
just leg down from there if it loses that
support
[07:11 am] apple : yes,
doji, out now
[07:12 am] thomasohana
: SPRD turning?…. maybe?
[07:15 am]
richard : SPRD
[07:15 am]
joeytsa : nice call Mitch
[07:16 am]
derns : SPRD…stepped away for 3 sec’s
and got stopped out
[07:18 am] eyes
: what’s your stop SPRD Kris
[07:22 am]
vilazio : FMCN long now?
[07:22 am]
scalpman : Out 1/2 SPRD
[07:24 am]
scalpman : Out another 1/2 SPRD
L
[07:24 am] scalpman :
1/4
[07:25 am] joeytsa : crude
inventories in 5m
[07:25 am] derns :
nice trade on SPRD scalpman, others…my stop
was too tight
[07:25 am] michael :
SPRD was great, thank you
Brent/Kris
[07:25 am] scalpman : All
out SPRD
[07:25 am] qwert : thx for
fslr and sprd awesome!
[07:25 am]
truck : thanks for SPRD
[07:25 am]
thomasohana : yea, thanks for SPRD for
sure
[07:26 am] lightning : still
trailing my last bit of SPRD to see if it can
get through VWAP
[07:26 am] vilazio
: I didn’t know why watching FMCN drop . But
it goes up.
[07:26 am] scalpman :
Two great trades today…thanks Kris and
Brent…
[07:27 am] vilazio : I
missed FMCN
[07:27 am] weston : hey
Kris, dunno whether if you are still holding
these stocks: SWKS,FMCN and VRTX
[07:28
am] thomasohana : SPRD breaking thru
VWAP
[07:29 am] richard :
IOC
[07:29 am] qwert : great job
lightning
[07:31 am] joeytsa : quick
65cent spike down then $1 up quick
move
[07:31 am] Ed : nice one
richard
[07:31 am] truck : look at
SPRD…more than 50% retracement !
[07:31
am] michael : did you take it
joey?
[07:31 am] thomasohana : Go
SPRD!
[07:31 am] joeytsa :
inventories down 1.9B?
[07:32 am]
lightning : all out SPRD
[07:32 am]
weston : thanks :), btw may I know
usually how do you set up your
stop?
[07:32 am] joeytsa : michael,
went by wayyy too fast
[07:32 am]
michael : I almost went for the long,
but the down confused me
[07:32 am]
truck : good light,,,I was out 30 min
ago !
[07:32 am] joeytsa : i use
tick charts…you should see my screen
haha
[07:33 am] mhaus : Weston,
usually questions get answered after 1:00PM
EST
[07:33 am] eyes : L sprd 18.09
out 1/2 18.27 1/4 18.28 1/4 19.20
[07:34
am] Ed : nice eyes
[07:34 am] mhaus
: you have your stop just below the support
if long or just above resistance if
short
[07:34 am] qwert : way to go
eyes
[07:35 am] mhaus :
COG
[07:38 am] vilazio : hod is for
long or short
[07:38 am] lightning :
watching SPRD again for another
bounce…would like it to drop a lot more
first though
[07:38 am] apple : high
of day – lod low of day
[07:39 am]
vilazio : OK is it for short?
[07:39
am] Ed : just mentioning, will continue to
monitor for potential trade
[07:39 am]
qwert : k thx for vrtx and
ilmn
[07:42 am] derns :
AMZN…
[07:43 am] Ed : was it dan or
derns that shorted amzn yesterday
[07:45
am] lightning : no OPEN shares to short
at LS
[07:45 am] derns : I wish I
had on a real trade…I opened a short on
simulation only…but I did study it…there
doesn’t seem to be support on the daily until
it hits 174 and then down to 161…RSI is
currently 13.4
[07:45 am] Ed : wondering
if u still held it
[07:45 am] derns
: that is re: AMZN
[07:46 am] derns
: I don’t hold a short for a real
trade
[07:46 am] Ed : gotcha
[07:47 am]
derns : Lightning..I think you
said you were watching for another drop in
SPRD
[07:47 am] doji : IOC was a
nice call, unfortunately I didn’t get it, on
a conference call
[07:48 am] apple :
thx for COG mhaus
[07:48 am] doji :
But FSLR has been very nice with me
[07:48
am] anthonyb : all out SINA
short
[07:49 am] doji : Just having
a good entry price and then just moving my
stops!
[07:50 am] doji : IOC
turning
[07:50 am] apple : good call
on CAT, K, unfortunately i had my stop close,
but made some #
[07:50 am] jsn13 :
anyone shorted SPRD at the top?
[07:51 am]
derns : no SPRD shorts available at
Schwab
[07:51 am] anthonyb : derns,
you need a new broker
[07:51 am] mikewd2
-: shares were available at etrade
[07:51
am] lightning : I didn’t try to short
SPRD…wish I had
[07:51 am] derns :
ZSL
[07:52 am] jsn13 : are there any
for IB? i din try as well….
[07:52 am]
eyes : is anyone s ioc here
[07:53
am] khall : yes, IB has SPRD for
shorts
[07:53 am] qwert : not yet
eyes but watching
[07:53 am]
anthonyb : jsn13. IB has them for
you to short
[07:55 am] anthonyb :
RIG might break lod here
[07:55 am]
lightning : and there it goes
[07:55
am] anthonyb : moving stop to 40.50ish
on RIG short
[07:56 am] doji : Oil
stocks very weak today
[07:57 am]
mhaus : CAG
[07:57 am]
lightning : OPEN may give a long soon
if volume picks up
[07:57 am]
lightning : OK, I’m looking for OPEN to
get to 37.50ski
[07:57 am] rusty :
EBAY to challenge GRPN
[07:58 am]
rusty :
http://mashable.com/2011/12/14/ebay-to-challe
nge-groupon/
[07:58 am] anthonyb : I
made one trading mistake today.
[07:58 am]
mhaus : JOY
[07:58 am] qwert :
sorry eyes was looking around and missed
entry for ioc short
[07:59 am]
anthonyb : ES at lod
[07:59 am]
michael : JOY great mhaus, I just saw
it late
[07:59 am] rusty : putting
SOHU on radar for a swing
[08:00 am]
anthonyb : JOY has given me “no joy”
today
[08:00 am] qwert : ilmn still
looking good
[08:01 am] derns :
SPRD..almost back to its lod.
Brent/Ed/Kris…is it a bad idea to play the
same 3 min fade on a repeat?
[08:02 am]
anthonyb : all out RIG short
[08:02
am] qwert : eyes did you get ioc
short
[08:02 am] apple :
yes
[08:02 am] anthonyb : yes
sir
[08:02 am] Brent : If SPRD drops
enough on volume it could set up another 3min
fade, but this isn’t a 3min setup
here
[08:03 am] apple : thx for the
reminder B
[08:04 am] derns :
Brent..thx..Got that, I am waiting for the
set up (volume, consecutive candles,
etc.). I was questioning whether a
repeat fade is wise or stay away.
[08:31
am] Ed : added 31.07 and 30.79
[08:33 am]
lightning : watching ROSE for a
bounce
[08:33 am] jsn13 : Ok
thanks…..
[08:33 am] weston : my
broker doesn’t have shares to let me short
🙁
[08:39 am] rusty : SLV, SLW worth
watching
[08:40 am] jsn13 : doji
what do u think about ROSE?
[08:43 am]
mhaus : OSK
[08:49 am] truck :
Gold down $81.00…Anyone remember last time
that happened ?
[08:50 am] rusty :
GLD and SLV moves getting extended
[08:51
am] apple : jsn did you take ROSE
L? had a nice consolidation then move
up
[08:53 am] mhaus : ACOM
[08:55
am] jsn13 : Nope…..cos it looks like
it won’t bounce….
[08:57 am] rusty
: looks like DMND up on this perhaps…
http://mydmnd.com/pages/default.aspx
[09:0
2 am] apple : CAT lod
[09:02 am]
chinhngo : can i long on cat
?
[09:03 am] apple : chin it was
just a comment – it’s been going down all
day
[09:05 am] apple : and still
moving
[09:05 am] apple : thx rusty
for SOHU
[09:06 am] weston : mhaus
are u in ACOM?
[09:07 am] mhaus :
No. Just watching
[09:08 am] derns :
DMND and AMZN creeping back up
[09:09 am]
apple : IDCC moving
[09:10 am]
apple : when does the webinar replay
expire? I need to view it again.
thanks.
[09:11 am] joeytsa : next
week i think
[09:11 am] derns : SPY
moving up..maybe temporarily
[09:11 am]
khall : I’d actually love to have the
webinar on a DVD. Is that still a
possibility?
[09:13 am] rusty :
Analyst cuts FSLR target to $20
[09:13 am]
apple : wow – good for us
[09:13 am]
joeytsa : wow PCLN almost hit that $100
drop from the top
[09:14 am] joeytsa
: did you catch AMZN ed
[09:14 am]
mhaus : SHLD
[09:14 am] Ed : nope,
missed the whole move
[09:15 am]
lisas : I was wondering the same thing
khall, Ed, do you know if webinar will be on
DVD. I think they said it would at one
time.
[09:15 am] joeytsa : yeah me
too, i catch it on the next move
[09:15
am] Ed : I had it drawn up too
[09:15 am]
Ed : not sure lisa
[09:15 am]
joeytsa : yeah, almost $8 drop from the
178 level
[09:16 am] mhaus : Lisas,
I think by December 25th. Mitch can
confirm.
[09:16 am] joeytsa : gold
nice and weak
[09:17 am] doji : AMZN
has resistance at 76…..
[09:18 am]
joeytsa : euro just had a
spike
[09:19 am] richard : watching
BIDU
[09:19 am] doji : AMZN S half
here
[09:20 am] apple : doji are you
still in FSLR
[09:20 am] joeytsa :
derns: you here?
[09:20 am] doji :
Filled at 174.94, now trailing, it should
work by itself while I take the
call
[09:20 am] derns : sure am
Joey…
[09:20 am] joeytsa : you
catch AMZN?
[09:20 am] doji : That
is my friends, multitasking
[09:21 am]
joeytsa : i know you were watching
it
[09:21 am] doji : Yes, at
9:19AM
[09:22 am] joeytsa : China
preparing to unleash stimulus on global
slowdown fears
[09:22 am] doji :
NFLX also turning
[09:22 am] derns :
I did not short it live…I saw it bounce off
170.38…I wonder if it breaks 170 in the
next few days
[09:22 am] doji : same
as BIDU
[09:22 am] rusty :
http://www.streetinsider.com/rating_history.p
hp?q=fslr&firm=18 FSLR genius
analyst
[09:22 am] joeytsa :
gotya
[09:22 am] derns : What kind
of stimulus can China unleash?
[09:23 am]
joeytsa : not sure…but saw that they
are getting their navy ready for
action
[09:24 am] doji :
BIDU
[09:24 am] derns : the world
needs China to become a sustainable consumer
economy and let some others export for a
while
[09:25 am] apple : nice chart
on SHLD
[09:25 am] joeytsa : guy on
fast money said that if AAPl breaks $370..he
is calling a $300 target
[09:26 am]
joeytsa : derns : china article on
forbes.com
[09:26 am] derns :
apple..interesting on SHLD…is that a
potential fade to short
[09:26 am]
joeytsa : China’s hU tells navy to get
ready for military combat
[09:27 am]
apple : no, MK just said late to see
but prob more upside — see comment
[09:28
am] derns : Joey..you weren’t
joking…china has a very large navy…larger
than US I think
[09:29 am] joeytsa :
no joking
[09:29 am] apple : see the
joke would be on us
[09:32 am] derns
: France says they have not been notified by
S&P of any pending action
[09:32 am]
apple : do not ever underestimate the
Chinese
[09:33 am] derns :
apple..yes…chinese military action could
certainly be a game changer on market
dynamics..
[09:33 am] doji : SHLD at
resistance
[09:34 am] joeytsa : i
did a lot of reading on them 2-3 yrs
ago
[09:35 am] joeytsa : they had a
ton of infrastructure plans in the
works…not sure how far they went thru with
them…
[09:35 am] joeytsa : about
20 airports in the works, 12 the size of
O’Hare
[09:35 am] apple : that is a
lot and O’Hare is big
[09:36 am]
khall : when I was in Angola last year
they were sending workers over to Luanda to
“help” build infrastructure there and were in
talks with Angola for shares in the offshore
oil plays
[09:36 am] khall : they
are definitely planning ahead
[09:36 am]
derns : you can certainly be productive
in a communistic regime
[09:36 am]
apple : yes, khall, i read about that
— they wanted to help Africa
[09:36 am]
joeytsa : good to know khall..also
heard canada planning to ship oil to
asia
[09:37 am] joeytsa : help
africa or help them unload some resources?
🙂
[09:37 am] khall : help
themselves to resources
[09:38 am]
khall : the thing about Africa is they
have resources, just not the skill or means
to free them up
[09:39 am] eyes :
any one s SHLD here
[09:39 am] apple
: no, eyes
[09:40 am] eyes : I
do
[09:40 am] lisas : no, but I
heard some people do
[09:40 am]
jsn13 : ME
[09:40 am] joeytsa
: only when it’s my mistake
[09:40 am]
apple : i have a friend who
did
[09:40 am] lisas : a distant
relative did
[09:40 am] joeytsa : if
i take a chance on getting a bad price and i
do, then i don’t get mad
[09:41 am]
jsn13 : how to work on that
Mitch?
[09:41 am] joeytsa : not sure
what burns me more…going limit and missing
my trade or going market and getting a crappy
fill
[09:42 am] joeytsa : all
depends on the trade expectation i
guess
[09:42 am] apple : great
advice, MK
[09:42 am] eyes : It’s
not funny I keep beating my head against the
wall
[09:42 am] michael : hard
watching the train leave the station Joey
when you’re not on it
[09:42 am]
mhaus : watching PRGO
[09:43 am]
joeytsa : yes mitch, and if the
trade still doesn’t work out you still have
to ask yourself ‘ did i do the right thing?
‘
[09:43 am] joeytsa : and would i
do it again..or get back in if the trade is
still valid
[09:43 am] mhaus : Sure
of the technique, still do some stupid stuff
🙁
[09:43 am] jsn13 : That’s the
part that i missed, letting those not working
out one sticked in my mind…
[09:44 am]
Mitch K: well, as in individual sports, or
even team sports, it is a process of
minimizing the mistakes that make big
progress
[09:44 am] lisas :
journaling or a trade log helps a
lot
[09:44 am] apple : yes it does,
lisa
[09:44 am] joeytsa : only if
you study it lisa haha
[09:45 am]
lightning : covered 1/3 IDCC short
there
[09:46 am] Ed : one must trade in
the now, like a QB, if he throws and
keeps recalling in negative way, he never
gets passed it and plays scared
[09:47 am]
lightning : covering the rest of
IDCC…
[09:48 am] Ed : he definitely has
the mental framework for being a
winner
[09:48 am] jsn13 : Ok good
advices….thanks…but getting bad prices on
stocks that u r kinda confident in did reduce
ur confidence since risk is
higher…
[09:48 am] joeytsa :
trading goal should be flawless
performance
[09:49 am] apple :
that’s right, joey, practice makes perfect
(or as good as it gets)
[09:49 am]
jsn13 : The tradeoffs between price and
confirmation was the prob for me…
[09:49
am] lightning : watching WLT for a
possible short
[09:50 am] lisas :
jsn, I was reviewing one of the videos
yesterday and Kris said if the stock didn’t
move the way he expected, he did start
protecting the trade
[09:50 am]
lisas : within a reasonable time
period
[09:50 am] apple : and that
is the smart thing to do
[09:50 am]
joeytsa : good advice
[09:51 am]
jsn13 : have come across stocks
that did not move up for a while and suddenly
shot up? if u stay with ur stop loss, they
can have high payoffs….
[09:51 am]
eyes : How do you get confidence when I
shorted 3 min fade shld and look
[09:52
am] joeytsa : jsn: that’s patience,
mine is lacking quite often
[09:53 am]
jsn13 : leaving the 3% -5% stop loss
open is the prob here….u have 2 conflicting
ideas here…..
[09:56 am] joeytsa :
jsn: you need some kind of rules that you are
comfortable with
[09:57 am] joeytsa
: WLT on a nice run
[10:00 am] jsn13
: to be honest i have it…..running through
simulations i can be up 5% or more on good
days…even bad days i can BE….the funny
thing is that looking at the price actions,
thin too much and missed those moves… hard
to justify in a concrete way what good
moves/price actions mean….
[10:02 am]
jsn13 : if i chase certain moves,
having a wide stop loss is risk even with
perfect setup….so often time, i missed the
moves….
[10:03 am] joeytsa : no
easy answer…let trades come to you, if they
work out great, if not so be it..if you miss
it oh well
[10:04 am] apple : jsn,
there are always plenty of ideas coming thru
here. be patient and study
[10:04
am] jsn13 : they are fantastic mover
like FMCN and GMCR in the
morning…..
[10:05 am] jsn13 : but
luckily i got a 5% on SPRD….that was
nice…
[10:06 am] joeytsa : i don’t
use %, so someone else can help you
there
[10:07 am] apple : joey,
thinks in terms of $$$
[10:07 am]
joeytsa : only because that’s how i pay
my bills 🙂
[10:07 am] apple : not
in percentages…
[10:07 am] jsn13 :
as in 5% profit on SPRD….
[10:07 am]
joeytsa : yeah gold getting
torched
[10:08 am] joeytsa : dollar
should be having a good day
[10:08 am]
apple : CAT did a nice
reversal
[10:09 am] joeytsa : as far
as %vs$…it’s because i can spot money/trade
targets easier..it’s not that one is better
than the other…the main thing is if the
trade is a good idea or not
[10:09 am]
jsn13 : Ed, did u play SPRD n the
morning? at which bar u start to go
long?
[10:09 am] lightning : WLT
looks like it is turning over
[10:10 am]
joeytsa : yeah light…not the best r/r
for me
[10:10 am] joeytsa : it’s
between s/r
[10:11 am] lightning :
S= 61.78 and R= 60.97?
[10:11 am]
joeytsa : unless it gives a buy,
then maybe a 2:1 r/r
[10:16 am]
joeytsa : WLT turned into a nice
trade
[10:18 am] joeytsa : WLT
hitting res, needs a vol push or a slight
pullback is coming
[10:40 am] mhaus
: IDCC
[10:41 am] mhaus : GMCR
moving steadily
[10:43 am] lightning
: AEP drop
[10:43 am] lightning :
sorry, not much there yet
[10:45 am]
victor51 : I had only one trade today
because of TS problems. ITMN is moving up
good. Thanks.
[10:52 am] derns :
looks like the same from when I
left!..watching AEP
[10:55 am] jimv
: CVX?
[10:55 am] michael : CVX
dropping on good volume
[11:04 am]
lightning : you would think the CVX
news would push up oil prices, but they
continue to fall.
[11:05 am]
victor51 : LONG eap AT 38.50 WITH TIGHT
LIMIT
[11:06 am] weston :
nice!
[11:07 am] weston : when is
the best time to get im these trade? CVX
&AEP
[11:09 am] rusty : BRAZIL
PROSECUTORS ASK CHEVRON (CVX) FOR 20 BLN
REAIS IN DAMAGES
[11:09 am] rusty :
out little while ago
[11:15 am]
mhaus : LRN!!!
[11:19 am]
derns : GMCR is crazy
[11:24 am] Ed
: weston both CVX and AEP were advanced
trades
[11:27 am] weston : got
ya..thanks
[11:28 am] apple : just
got back, wow look at NFLX!
[11:32 am]
michael : should get another chance
here
[11:35 am] michael : AMZN might
make its next trip to the basement here
soon
[11:35 am] apple :
amzn
[11:37 am] apple : nice
chart…
[11:37 am] lightning : AKRX
drop
[11:41 am] apple : nice drop on
CVX
[11:46 am] weston : light do u
plan to get in AKRX?
[11:46 am]
derns : RIMM CEO’s are worst CEO’s of
2011 per Herb on CNBC
[11:46 am]
qwert : bye everybody gotta go do some
Christmas shopping see ya in the
am thanks for all the good
calls
[11:46 am] Ed : c ya qwert
[11:46
am] lightning : weston, maybe.
AKRX needs to stop dropping first.
[11:46
am] derns : have a good afternoon
qwert
[11:47 am] apple : derns, i
think Corzine was the worst CEO
[11:47 am]
joeytsa : corzine just had terrible
timing 🙂
[11:48 am] derns : Corzine
was excluded on the pick because he is not
the MF CEO, currently. But, I think you
have a very good point..he can’t find $1.2
billion.
[11:48 am] lightning : yes,
he has really suffered. I expect he’ll
be at Occupy Wall Street from now
on.
[11:48 am] apple : GMCR made a
nice comeback today
[11:50 am]
lightning : the difference between
Madoff and Corzine is that Madoff knows where
the money went: houses, jewelry, his
kids, boats, etc.
[11:51 am] derns :
lightning..that’s an interesting point…I
seem to recall Madoff knew all..kept the
books in his head
[11:52 am] joeytsa
: derns: it has to do with the borrowing of
stocks etc…will try to find a really good
article i read on sun or mon
[11:53 am]
apple : CVX lod
[11:55 am]
joeytsa :
http://tycoonreport.tycoonresearch.com/articl
es/924700843/lessons-from-mf-global-is-your-m
oney-at-risk
[11:55 am] joeytsa :
that was one i read derns
[11:55 am]
derns : DMND..slowly creeping
again..gotta be slow short covering..look at
GMCR
[11:55 am] weston : nice call
on ARKX, light thanks
[11:56 am]
derns : thx for the article..will read
after closing
[11:56 am] apple : thx
MK, K, B, E and everyone. Got to pick
up my son from school. Everyone have a
great evening.
[11:57 am] lightning
: glad you took it. I was looking for
it to test 10.03 before going long. So
I missed it.
[11:57 am] joeytsa : no
prob, good info there, esp the tues and
wed articles
[11:57 am] Ed : c ya
apple
[12:01 pm] joeytsa : oil ends
below $95
[12:01 pm] Ed : sweet
crude
[12:02 pm] joeytsa : at least
until the next iran situation
[12:02 pm]
Ed : which could be seconds
[12:02 pm]
derns : AMZN bounced off its lowest
point since March…back up in safer
territory
[12:03 pm] joeytsa : been
thinking about a leap in oil, same with gold
on a pullback to 1500
[12:05 pm]
joeytsa : zynga ipo already listed as
a sell from 1 analyst
[12:05 pm]
joeytsa : opens on fri?
[12:06 pm]
derns : I’m beginning to think the
expected y/e Santa Claus rally to S&P
1330 is highly unlikely
[12:06 pm]
joeytsa : we’ll know in 2
weeks
[12:06 pm] joeytsa : 12/26-1/2
i think
[12:07 pm] Ed : markets are closed
12/26
[12:07 pm] joeytsa : right,
forgot…but it’s that week that the rally is
supposed to be
[12:08 pm] Ed : another IPO
that fizzled SN
[12:09 pm] joeytsa :
gold stocks/miners headed lower
[12:11 pm]
Ed : VPHM is open
[12:12 pm] joeytsa
: flurry of buying
[12:15 pm] derns
: AMZN has developed an interesting candle on
the daily
[12:15 pm] joeytsa :
fighting to hold that 178 huh
[12:20 pm]
Ed : what do u know PAY did what it wanted,
LOL
[12:21 pm] joeytsa : yeah, but
did it do what YOU wanted 🙂
[12:21 pm] Ed
: hmmmmmmmm
[12:22 pm] joeytsa :
nice trade there
[12:22 pm] Ed : it did,
but i could not find my ticket
[12:22 pm]
joeytsa : ha
[12:24 pm]
joeytsa : derns: you use schwab
right? can’t remember are you using sse
or ssp?
[12:24 pm] derns : I am
using ssp..I am used to it…which one do you
use
[12:25 pm] joeytsa : sse for
charts
[12:25 pm] derns : and
you trade on what platform?
[12:25 pm]
joeytsa : lightspeed
[12:26 pm]
derns : hmmm…good idea..I use esignal
charts, but they are expensive and I probably
don’t use the tools as best I can…I have 9
charts up on one monitor
[12:27 pm]
joeytsa : making the switch as soon as
new computer gets here
[12:27 pm]
derns : switch to esignal?
[12:27
pm] joeytsa : yeah..link it to ls order
entry
[12:27 pm] derns : smart
idea!
[12:28 pm] derns :
AMZN…
[12:28 pm] lightning : joey,
you can’t link order entry between e-signal
and Lightspeed — unless that just happened
in the last month or two.
[12:28 pm]
joeytsa : says you can..hmmm
[12:28
pm] lightning : you can link it so that
when you pull up a quote in Lightspeed the
e-signal chart comes up.
[12:29 pm]
lightning : maybe something was
developed and I didn’t know about it
though.
[12:29 pm] joeytsa : if you
pull the quote up in your entry box wont it
load the chart?
[12:29 pm] lightning
: yes, but you can’t trade from
e-signal
[12:30 pm] lightning : for
some brokers, you can trade from the chart
itself.
[12:30 pm] joeytsa : no, i
want to trade thru LS..just be able to use
the esig charts
[12:30 pm] lightning
: then you’re fine.
[12:30 pm]
joeytsa : oh i see what you
mean
[12:30 pm] lightning : that’s
what I do…although trading from the charts
would be cool.
[12:30 pm] joeytsa :
i also think i can link both with my
madscan..so 1 click loads
everything
[12:33 pm] joeytsa : real
nice call on AKRX
[12:38 pm] joeytsa
: totally missed HUM spike down
[12:38 pm]
michael : I had it joey, but only a
buck so I passed
[12:46 pm] eyes : I
just came back into the room after clearing
my head and got L AKRX 9.56 out 1/2 .66 1/4
.75 1/4 10.00 even thanks ED
[12:46 pm]
joeytsa : there ya go eyes
!!!!
[12:47 pm] Ed : great going
Eyes
[12:47 pm] joeytsa : taking
profits here on HUM
[12:47 pm] Brent :
nice one eyes
[12:47 pm] michael :
we knew u had it in you eyes, we just needed
you to realize it
[12:48 pm] joeytsa
: gold stocks getting a quick spike
[12:50
pm] michael : natural gas even more
radical decline, $5 in July to $3
now
[12:50 pm] joeytsa : AMZN over
180…big moves today
[12:50 pm]
joeytsa : i still think natgas has big
upside
[12:51 pm] joeytsa : just not
like how most investors think
[12:51 pm]
michael : I’m with you joey, just
waiting
[12:51 pm] derns : joey…do
you mean in terms of broad usage or stock
market value, or both?
[12:51 pm]
joeytsa : most investors are thinking
that natgas is the actual play…they are
wrong
[12:52 pm] joeytsa : in my
opinion
[12:53 pm] joeytsa : derns:
i think the real natgas winners will be the
companies that get the jump on technologies
that actually use natgas
[12:54 pm]
joeytsa : WAB big spike
[12:54 pm]
derns : joey…what does today’s AMZN
activity tell us? It dropped below 177,
created a new floor and bounced up
[12:54
pm] joeytsa : lower vol
[12:54 pm]
rusty : BPAX looks like results must
have leaked
[12:55 pm] joeytsa : i
have no idea derns but that area is a key for
now
[12:56 pm] derns : and it has
created that interesting candle on the
daily..I think it is called a hammer.
What a great lesson from
yesterday..thx
[12:57 pm] vilazio :
What kind of chart is this? What are the box
like indicators?
[12:57 pm] derns :
vilazio…I think the light green boxes are
darvis boxes.
[12:58 pm] joeytsa :
dern: best guess is AMZn has strong support
here, which means that it if does break and
close under it should tumble
[12:58 pm]
joeytsa : again, just a guess, but it
has been a strong area all year
[12:59 pm]
derns : got it…like I said, I watched
it closely..wish I had shorted, took it off,
and then went long for the day
[12:59 pm]
joeytsa : same here
[12:59 pm]
vilazio : darvis box? For what? How to
use it?
[01:00 pm] Brent : Darvis boxes
basically show recent support/resistance
areas vilazio
[01:00 pm] Brent : Darvis
boxes basically show recent
support/resistance areas vilazio
[01:01
pm] derns : anyone..what does it mean
when the last trade of the day has a huge
candle?
[01:02 pm] vilazio : Brent
they aren’t they easier to check support /
resistance?
[01:02 pm] joeytsa :
thanks mitch
[01:02 pm] derns : thx
MK
[01:02 pm] Brent : I don’t understand
the question vilazio
[01:03 pm]
michael : my understanding is they are
cleanup orders Derns
[01:03 pm]
joeytsa : been seeing those a
lot
[01:03 pm] derns : ok..so I
shouldn’t read anything like a huge buy or
sell in the last minute? I get
suspicious
[01:03 pm] vilazio : I
mean aren’t they easier for beginners to find
support and resistance at a glance?
[01:04
pm] joeytsa : lots of s/r to look
at…darvis is just another
[01:04 pm]
Brent : yes that’s right vilazio
[01:04
pm] michael : you can see them on the
level 2 also, one single deal
[01:04 pm]
michael : last was for Derns
[01:05
pm] Brent : they don’t show all s/r, just
recent areas
[01:05 pm] vilazio :
Thank you Brent and all. Have a nice one.
Good bye
[01:05 pm] joeytsa : those
throw me off too derns
[01:06 pm]
joeytsa : i wonder if they would
trigger stop losses
[01:06 pm]
michael : level 2 really shows ’em, you
see 3, 2, 5, 2000
[01:06 pm] derns :
thx michael…I’m looking at a number of last
minute charts now…there was a lot of final
trade clean-ups…perhaps by the market
maker? Or is it something more
sinister…like an institutional
trade?
[01:07 pm] joeytsa :
time/sales is more accurate than L2
[01:07
pm] michael : that answer is way above
my pay grade
[01:07 pm] joeytsa : L3
is better than L2 for order flow
also
[01:08 pm] joeytsa :
L2…doesn’t always end up going
thru…
[01:08 pm] joeytsa :
time/sales is the only way to confirm if the
order went thru
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