[06:20 am] Kris : Good Morning Traders
[06:20 am] Kris : This morning I’m watching
ABT, AKRX, V, CVC and DB as possible longs
[06:21 am] Brent : good morning
[06:21 am] Ed : good morning
[06:21 am] Kris : Shorts I’m watching SPPI,
MAS, EGO, HBI, CTRP and ESI
[06:31 am] Kris : ACN short half
[06:32 am] Kris : WYNN long half
[06:32 am] Mitch K: watching EGO, El Dorado
Gold for bottom
[06:34 am] Mitch K: monitoring ATHN for
bottom
[06:34 am] Mitch K: watching MCP for top to
short
[06:35 am] Kris : out half WYNN long
[06:35 am] Mitch K: BIDU late here at 114
[06:35 am] Mitch K: watching COG for
bottom
[06:35 am] Mitch K: watching for short in
BIDU, already turning
[06:36 am] Kris : XLNX long half
[06:36 am] Mitch K: watching GMCR for
short
[06:36 am] Mitch K: watching RPTP for short
soon
[06:37 am] Kris : watching SINA for a long,
support around 50.00
[06:37 am] Mitch K: MON toppy, considering
short
[06:37 am] Mitch K: watching NFLX for bottom
to buy
[06:38 am] Kris : sorry, support SINA
52.00
[06:38 am] Kris : then 50.00 if it can’t hold
52.00
[06:38 am] Mitch K: watching RDK for short
[06:39 am] Brent : watching ANR for a
bounce
[06:39 am] Kris : watching ADSK for a long
reversal
[06:40 am] Kris : SPY consolidating between
122.50 and 122.00
[06:40 am] Mitch K: consider reducing ATHN
long, maybe 1/3rd of your long
[06:41 am] Mitch K: GMCR toppy
[06:42 am] Kris : ADSK support around
30.50
[06:42 am] Mitch K: COG bouncing
[06:42 am] Mitch K: consider reducing more
ATHN
[06:42 am] Mitch K: FSLR toppy
[06:45 am] Mitch K: watching DMND for top
[06:46 am] Mitch K: C bottoming
[06:46 am] Mitch K: FSLR toppy
[06:46 am] Mitch K: watching for bottom in
MOS, take your time
[06:47 am] Kris : SPY testing support,
careful entering the longs if she breaks
[06:48 am] Mitch K: CIB shortable, late to
see
[06:48 am] Mitch K: IOC bouncing; late
[06:50 am] Mitch K: prob best to cover MCP
total short
[06:50 am] Mitch K: watching ATHN for another
bottom to buy, watching to see if goes below
47
[06:51 am] Mitch K: CAT toppy
[06:51 am] Mitch K: DMND turning over
[06:52 am] Mitch K: consider covering half of
RPTP
[06:52 am] Mitch K: monitoring SGI; not my
favorite stock but monitoring
[06:52 am] Mitch K: NFLX bottoming
[06:54 am] Kris : SINA long half
[06:54 am] Kris : XLNX making some
consolidation near the highs, looking for a
new hod if we can get a bounce in the
markets
[06:55 am] Brent : watching XCO for a
bounce
[06:58 am] Mitch K: late to see
[06:58 am] Mitch K: watching VPRT for
bottom
[06:59 am] Kris : if you have ADSK long,
watch 31.20 for some resistance
[07:01 am] Kris : watching to see if SINA
will hold the lod, then will add to the
long
[07:04 am] Mitch K: CAT toppy, meow
[07:04 am] Mitch K: more downside on DMND
[07:06 am] Mitch K: consider covering
remaining RPTP short
[07:06 am] Mitch K: not sure if i posted MOS
long but consider selling
[07:08 am] Brent : watching CBG for a
bounce
[07:08 am] Kris : out half SINA long
[07:11 am] Brent : careful with XCO if long,
not acting right
[07:15 am] Brent : SPY testing trendline
resistance
[07:16 am] Kris : out another 1/4 SINA
long
[07:35 am] Mitch K: consider selling VPRT
long, watch for short here
[07:36 am] Mitch K: missed bottom in NLSN but
watching for short now, soon
[07:37 am] Mitch K: consider selling NFLX
long soon
[07:37 am] Mitch K: watch NFLX for short
now
[07:38 am] Mitch K: don’t start short of tops
of bounces with large position, start smaller
and gradually build
[07:40 am] Mitch K: MOS toppy, considering
short
[07:41 am] Mitch K: remember MOS companion
stocks are MON, POT, IPI, AGU
[07:48 am] Ed : watching FIO
[08:01 am] Ed : reduce FIO
[08:04 am] Ed : out 1/4 FIO 22.53
[08:06 am] Ed : stop last 1/4 FIO 22.19
[08:07 am] Ed : out all FIO
[12:07 pm] Brent : SPY new lod[11:46 am] Kris
: yes, I received everyone’s emails. I’l be
getting back with you all later today.
[11:43 am] Mitch K: I’m not interested in
shorting VHC, too strong, looks like i am
wrong about the float, showing 41 mil
float
[11:43 am] Kris : well you could say it was a
rumor to get it top heavy with weak shorts
[11:42 am] Kris : watch for consolidation
near the highs and for it to stay strong.
might be tough to short.
[11:42 am] Mitch K: yeah agree Kris, its
acting very strong, credible info. but thin
float. I’ve seen VHC move up huge about 5
years ago
[11:41 am] Kris : with details like that odds
are not a rumor
[11:41 am] Mitch K: this rumor has link of a
filing of US Patent and Trademark office
[11:39 am] Mitch K: RUmor: Virnetx, VHC,
strength attributed to a positive patent
ruling
[11:23 am] Mitch K: VHC has such low float it
makes sense there are no shares to short.
[11:16 am] Mitch K: so far, just monitoring,
not shorting VHC yet
[11:14 am] Mitch K: WATCHING vhc FOR POSSIBLE
TOP TO SHORT
[10:56 am] Brent : thx Lightning, watching
VHC
[10:50 am] Ed : pass on LNCR
[10:49 am] Ed : would like price around
24.77
[10:48 am] Ed : watching LNCR
[10:27 am] Mitch K: gee, Saab declared itself
bankrupt
[10:18 am] Mitch K: stocks are trending up
gradually, not strong trustworthy up trending
though
[09:50 am] Brent : good one on OCZ Rusty
[09:16 am] Mitch K: I haven’t seen this low
of performing IPO as ZNGA, so soon after it
went public
[08:45 am] Ed : lot of selling in
financials
[08:39 am] Brent : SPY new lod[12:44 pm] Kris
: This time of day, I would be very selective
taking any new trades. look to start exiting
your open trades soon and planning for the
close.
[01:00 pm] Brent : have a good night
everyone, see you in the morning
[01:00 pm] Ed : have a great night
[01:00 pm] Kris : Everyone have a good night.
see you all back here tomorrow morning.
|
[06:01 am] rusty : Saudi Prince Alwaleed
buys Twitter stake
[06:05 am] joeytsa : korean news may make
things interesting
[06:05 am] doji : SCHN down on weak steel
demand but MT is up???
[06:07 am] doji : SCHN is down; MT is up
[06:09 am] joeytsa : gap up:
AAPL,LVS,CVX,VRUS,
[06:14 am] doji : CVC is another one, it was
down on Friday but today has moved
decently
[06:14 am] joeytsa : CVC had its coo
resign
[06:23 am] joeytsa : MCP with some buying
[06:34 am] doji : ZNGA
[06:36 am] rusty : NFLX lod[06:37 am]
joeytsa : CLF falling
[06:37 am] joeytsa : CVX nice gap close and
lower
[06:38 am] weston : I think ATHN is going to
turn over soon
[06:39 am] joeytsa : CRM..will look for more
downside on a small bounce
[06:41 am] rusty : SINA 50% retrace of
Friday move ~52
[06:41 am] joeytsa : tighten sop if you
shorted CLF
[06:42 am] doji : GMCR S
[06:42 am] doji : FSLR S
[06:43 am] weston : ANR bottoming
[06:44 am] joeytsa : SINA with the fleas
[06:44 am] weston : top XLNX
[06:45 am] joeytsa : GS below $90
[06:45 am] rusty : DMND hod[06:45 am] doji
: out 1/2 GMCR
[06:45 am] doji : S
[06:46 am] weston : watching NFLX for
long
[06:46 am] doji : 2nd 1/2 s FSLR
[06:47 am] joeytsa : tighten stop on CRM if
you shorted that bounce 🙂
[06:47 am] rusty : Airlines lod[06:47 am]
doji : SPY lod[06:48 am] rusty : WFM
hod[06:48 am] Mitch K: good eye weston[06:49
am] doji : IOC still weak
[06:50 am] joeytsa : CAT strong so far
[06:50 am] doji : Watching ANR
[06:51 am] doji : SPY dropping more
[06:51 am] weston : xlnx top
[06:51 am] doji : Any news?
[06:52 am] doji : SPPI
[06:52 am] rusty : C lod[06:53 am] derns :
SHLD
[06:54 am] derns : watching GS
[06:54 am] doji : GMCR
[06:55 am] doji : ATHN approaching 47
[06:55 am] joeytsa : derns, you looking for
a long? i just closed a short on GS
[06:55 am] derns : joey..I was..and will
watch on a 3 min fade..nice short!
[06:56 am] joeytsa : watching VPRT
[06:56 am] derns : C down 3.3%
[06:56 am] weston : anr bottom
[06:56 am] doji : NFLX moving up
[06:56 am] rusty : FSLR hod[06:56 am]
joeytsa : GS sitting on some support
[06:57 am] joeytsa : HANS running
[06:59 am] rusty : covering 1/2 of FSLR puts
from last week
[06:59 am] rusty : hopefully will let rest
expire worthless
[06:59 am] weston : c bottom
[07:00 am] weston : ANR bouncing up
[07:00 am] joeytsa : eye on BIIB also
[07:00 am] skydiver : Housing report came in
the index at 21 — expectations was 20
[07:01 am] joeytsa : thanks sky…confidence
still negative though
[07:01 am] skydiver : yes
[07:01 am] khall : Thanks Kris
[07:01 am] weston : I am reducing NFLX
[07:02 am] weston : not sure if it is a
right decision
[07:03 am] joeytsa : housing probably still
has some pain to go thru..not sure we saw the
bottom yet
[07:04 am] doji : SPY still weak, new
lod[07:04 am] rusty : C lod[07:05 am] rusty
: added to RAYS short – will never cover this
position
[07:06 am] rusty : unless bought in
[07:07 am] weston : MOS breaking up
[07:07 am] joeytsa : trail BIIB up
[07:07 am] skydiver : SINA moving up
[07:08 am] doji : FSLR always give a good
$$$$
[07:09 am] joeytsa : trying to show patience
for once on BIIB
[07:10 am] joeytsa : stopped on BIIB,
bucket drop
[07:12 am] weston : looks like XLNX is going
down
[07:12 am] lightning : AKRX breaking out
[07:14 am] rusty : buying C small for a long
swing
[07:14 am] rusty : call me crazy
[07:14 am] Mitch K: tjx lightn[07:14 am]
joeytsa : SCHN just might want to close the
gap by end of day?
[07:15 am] rusty : have to be willing to add
to position as necessary
[07:15 am] joeytsa : yeah..honestly looks
like you have a minimum 2:1 rr not bad
[07:16 am] joeytsa : 90d chart looks like a
channel, 52 wk a bit uglier
[07:16 am] skydiver : out 1/2 SINA
[07:16 am] weston : wynn turning over
[07:16 am] khall : c turning up
[07:16 am] joeytsa : nice trade on SINA
sky,kris[07:17 am] skydiver : Thanks to
Kris!!
[07:18 am] joeytsa : C usually not much of a
daytrade stock..small adr[07:18 am] rusty :
right
[07:18 am] rusty : does nicely on swings
though
[07:18 am] lightning : I’m out AKRX. didn’t
like the sideways direction.
[07:18 am] joeytsa : yeah, should be able to
get out very easily if you need to
[07:18 am] skydiver : stopped out of last of
SINA
[07:19 am] storage : Thanks Kris for call on
SINA
[07:19 am] lightning : me too sky. All out
SINA
[07:19 am] joeytsa : smart lightning
[07:19 am] skydiver : nice trade
[07:19 am] rusty : SQNS might be worth
watching for eoy tax loss selling panic
[07:19 am] rusty : based on daily chart
[07:19 am] rusty : rsi 16
[07:21 am] lightning : lol, there goes
AKRX.
[07:21 am] joeytsa : SCHN keeps making
higher lows…great if you scale in on those
dips
[07:22 am] rusty : SQNS 65M cash, 3M debt
[07:22 am] joeytsa : i just can’t touch
those, based on my past results haha[07:22
am] rusty : market cap 77M
[07:22 am] mhaus : ELN chatter
[07:23 am] rusty : INHX + Roche rumors
[07:24 am] joeytsa : rusty: i will give you
props that you seem to be pretty thorough
with your fa…good work
[07:24 am] rusty : RGC ALERT
[07:24 am] rusty : RGC ALERT
[07:25 am] weston : free fall
[07:25 am] joeytsa : thanks again rusty
[07:25 am] weston : RGC
[07:25 am] skydiver : watching RGC
[07:25 am] mhaus : YZC halted
[07:27 am] doji : Not interested in RGC at
this point
[07:27 am] rusty : ELN + BMY rumors
[07:31 am] rusty : lot of these stocks
trading at or below cash are good bounce
candidates for January….just have to buy
them into panic selling….not chase them as
they are going up
[07:31 am] skydiver : thanx for the info
rusty
[07:32 am] joeytsa : makes sense rusty
[07:32 am] michael : information appreciated
rusty
[07:32 am] rusty : anyone interested suggest
you make a list of these stocks and watch
them like a hawk…. most will
bounce…..occasionally one goes
bankrupt….so I like to buy them as a
basket
[07:32 am] joeytsa : that’s how you spec
rusty..smart[07:33 am] rusty : overall the
basket often moves up 20% or
better…occasionally you also get a few that
move 50-60-100%
[07:34 am] derns : Thx Rusty..are you
specifically referring to small cap
stocks?
[07:34 am] rusty : and i try to avoid
anything with big debt….and/or huge burn
rate
[07:34 am] rusty : as those are the ones
that often keep going lower
[07:34 am] joeytsa : yeah…big debt is a
warning to me at first
[07:34 am] rusty : could be any
stock…small, medium or large…though the
li8st is often predominated by small caps
[07:34 am] rusty : or smaller caps
[07:35 am] rusty : this is the week to make
the list
[07:35 am] skydiver : SINA still climbing
[07:35 am] joeytsa : rusty: you have a scan
for that, or just legwork
[07:36 am] joeytsa : PCLN having a good
run
[07:36 am] rusty : mostly chart scans for
way oversold…then quick look at company
(cash, debt, revs, short interest)
[07:37 am] joeytsa : gotya…i will be
scanning for high p/e stocks
[07:37 am] joeytsa : thanks mitch[07:38 am]
doji : It would be great if then we exchange
our list for cross check
[07:38 am] rusty : high P/E list always
exciting to work with 🙂
[07:38 am] joeytsa : yeah doji…one of
these days i will set up a facebook group to
toss ideas
[07:38 am] michael : AMZN trying to move up
today
[07:38 am] joeytsa : yeah rusty..especially
on market weakness
[07:39 am] joeytsa : yeah michael…i would
think they should be doing well this time of
the year
[07:40 am] michael : kind of consolidating
the last few days, hopefully move now
[07:40 am] rusty : a lot of biotech’s end of
on eoy tax loss selling list – have to be a
little more careful with these….check if
they have any pipeline left and their burn
rate
[07:40 am] joeytsa : probably 3:1 on AMZN
[07:43 am] rusty : for anyone interested in
tax loss selling plays…do a GOOG search
“January Effect”, “trading below cash”
[07:43 am] michael : I’ll let AMZN come down
one more time then look to go long
[07:45 am] doji : SPY reversing hard
again
[07:45 am] rusty : Can’t vouge for this guy
but here is someone going through the January
Effect process
[07:45 am] rusty :
http://www.siliconinvestor.com/subject.aspx?s
ubjectid=58474
[07:45 am] derns : Thx Rusty..I just googled
that and will read soon
[07:46 am] doji : ECB’s Draghi speaking
[07:46 am] doji : He must be giving a lot of
very bad news
[07:49 am] derns : Draghi is holding the
line…countries need to address their debt
issues
[07:49 am] rusty : INHX was on the January
effect list for .80 two years ago….sold for
20% gain and felt like a star
[07:49 am] rusty : ugh
[07:50 am] doji : So these are the stocks
that should move up on January Rusty?
[07:51 am] rusty : yes and/or move up after
tax loss selling
[07:51 am] lightning : all out NFLX short
[07:52 am] rusty : best to find a few and
buy a basket…cause they don’t all do
well…but overall they go up and often up
big %
[07:52 am] doji : So when these stocks
should be ready to be bought?
[07:54 am] rusty : you buy them into any
obvious panic or larger volume selling as we
get closer to eoy[07:55 am] rusty : e.g.
SQNS… its trading near its cash value…so
with any panic it could trade below cash and
if its assets are worth anything could be a
good bounce candidate
[07:56 am] rusty : then if the company has
any value…once the tax losing sellers are
finished with their misery….
[07:56 am] rusty : they often bounce
[07:57 am] doji : Thanks Rusty, much
appreciated
[07:58 am] rusty : best time to buy is
usually right after Christmas
[07:58 am] rusty : and toward eoy[07:58 am]
derns : yeah Rusty…very interesting
trading idea
[07:59 am] rusty : but you have to make your
list and check it twice first
[07:59 am] rusty : and of course need to
understand this is just a strategy not a
lottery ticket where you put all your money
into one stock
[08:00 am] rusty : cause you might pick the
occasional one that goes bankrupt instead of
bouncing
[08:00 am] derns : Rusty..how long will the
stocks/basket be held typically?
[08:00 am] rusty : few weeks max
[08:01 am] derns : ok…is finviz a good
place to start for the search?
[08:01 am] rusty : and usually by end of
January, first week February sometimes
[08:02 am] eyes : L fio 22.20 out half
.43
[08:02 am] rusty : yeah finviz good
starter….look for very oversold
stocks….then check their cash and debt
level….you don’t want anything that looks
like a bankruptcy candidate
[08:03 am] weston : rgc, looks like turning
over
[08:04 am] skydiver : Thanks ED for FIO
[08:04 am] Ed : nice going sky,eyes[08:04 am]
rusty : once you have that list you look
further to see how much that company burns in
cash every quarter
[08:04 am] rusty : if their burn rate shows
they could go bk, you take it off list
[08:05 am] skydiver : Great day for trading
– thanks to TSA team and all the great
traders!! Have to take off – make lots $
[08:05 am] Ed : take care skydiver
[08:06 am] weston : out all MOS
[08:07 am] khall : Thanks for FIO Ed
[08:09 am] jimv : X?
[08:09 am] derns : C continues its march
down..perhaps tax selling?
[08:09 am] rusty : C down on Basel
[08:09 am] rusty : regulations
[08:10 am] derns : got it…down nearly
6%
[08:10 am] rusty : i buy it when everyone
notices its down
[08:10 am] rusty : and sell it when everyone
notices its up
[08:11 am] derns : good idea..are you long
C?
[08:11 am] rusty : could go to 23’s on this
swing so have to be prepared
[08:11 am] rusty : i bought a few today and
will consider adding into weakness but I like
to watch for eod[08:12 am] doji : FIO moving
up… ZNGA at 8.75
[08:12 am] derns : ok…good luck…I was
going to short, but thot it looked like it
would reverse
[08:12 am] rusty : C doesn’t move all that
much intraday but the daily chart is very
enticing for swings…if you can stomach
it
[08:13 am] rusty : and notice what happens
when C candle gets very large
[08:13 am] rusty : compared to avg candle
[08:13 am] rusty : on daily chart
[08:13 am] derns : it certainly moves on
those big daily candles
[08:13 am] weston : MOS
[08:14 am] rusty : i rarely catch the
bottoms and tops so I average in to these
positions
[08:15 am] rusty : the best time to buy
these positions is then the vix is super
high
[08:15 am] rusty : with the vix at 25-6
(which is high) its a little more difficult
esp when it recently was at 40-50
[08:15 am] derns : VIX is artificially low
due to seasonality I read this weekend
[08:16 am] rusty : and the reason I wait
till eod to add to the positions is that in
this market most stocks close at the hod or
lod….rarely in between
[08:17 am] rusty : yeah, vix has been
compressed no doubt
[08:17 am] rusty : feels like it should be
higher here
[08:18 am] rusty : LFC radar
[08:19 am] rusty : nothing to write home
about…low volume
[08:19 am] rusty : forget it
[08:22 am] eyes : PRU
[08:26 am] doji : Closing 1/2 of FSLR S here;
will trails second half
[08:41 am] rusty : looks like we missed BWOW
short
[08:41 am] rusty : on daytrader
speculation
[08:42 am] rusty : gotta short a company
named WowJoint Ltd
[08:42 am] Ed : what is their biz
[08:43 am] rusty : China industrial
[08:43 am] Ed : hmmm
[08:43 am] rusty :
http://www.sacbee.com/2011/12/19/4132636/wowj
oint-holdings-limited-announces.htm
[08:44 am] rusty : when a company has to
announce their execs gonna buy stock = time
to sell
[08:44 am] rusty : why not just buy and keep
silent….that would be much more powerful
[08:50 am] pandozzi : fslr turning over
[08:55 am] joeytsa : GS weak today
[08:56 am] rusty : Britain refusing to
contribute to IMF part of eurozone bailout
fund
[08:56 am] joeytsa : not much of a surprise
is that?
[08:56 am] rusty : they all refuse until they
will have to
[08:56 am] rusty : like Greece initially
refused bailout
[08:57 am] derns : not a surprise at
all..there will others…this could lead to
nationalism
[08:59 am] joeytsa : i wonder if Ben is
reaching for his pen yet
[09:00 am] Ed : can’t find it so far
[09:00 am] joeytsa : no but he must be
shaking like a meth addict 🙂
[09:01 am] Ed : Greenspan saying, “glad it’s
not me”
[09:01 am] joeytsa : haha[09:03 am] joeytsa :
personally i don’t care which way the market
goes…just as long as volume sticks
around
[09:03 am] Kris : just as long as it goes
[09:03 am] joeytsa : right on kris[09:04 am]
joeytsa : might have to figure out how to
trade on different indexes
[09:08 am] joeytsa : GS sitting in a
triple-bottom area
[09:09 am] michael : been watching it joey,
just don’t know if it’s gonna consolidate or
move
[09:10 am] joeytsa : might get a small up
move first
[09:14 am] joeytsa : michael, that’s why you
scale in..test the waters
[09:15 am] derns : joey..your reference to a
GS triple bottom..on the daily, correct?
[09:16 am] mscholder : FIO crashing
[09:16 am] joeytsa : yeah, sorry i wasn’t
clear
[09:16 am] michael : things really slow, I’m
being very conservative
[09:17 am] joeytsa : yeah Mitch…IPO market
overall is lame
[09:17 am] derns : no worries…I appreciate
your commentary..from earlier exchanges, I
thot you were referring to daily
[09:17 am] joeytsa : GS earlier was on the
intraday, the most recent was as a swing
[09:18 am] joeytsa : when GS broke $90 it was
a decent short scalp
[09:23 am] go4it : ZNGA heard you Mitch
[09:33 am] michael : fslr may offer a
trade
[09:36 am] derns : FSLR is at lod[09:36 am]
joeytsa : CVX slowly bleeding after that gap
up
[09:43 am] rusty : OCZ ALERT
[09:43 am] michael : nice, thank you rusty
[09:44 am] rusty : np good luck
[09:45 am] Ed : nice rusty
[09:49 am] derns : good call Rusty…perhaps
the trade of the day, but I just paper traded
it
[09:49 am] jimv : Thx for OCZ
[09:51 am] rusty : got lucky…ty[09:52 am]
derns : GS
[09:57 am] khall : SINA popping up
[10:10 am] doji : Hey, see FSLR, approaching
30…. the last two times it hit 30 it
rebounded back to 32
[10:12 am] Ed : u still have a piece short
doji[10:12 am] doji : YEah baby!
[10:12 am] Ed : nice
[10:13 am] joeytsa : BIIB been weak since
that early pop
[10:14 am] rusty : C 25
[10:17 am] thomasohana : watching that too
rusty
[10:19 am] joeytsa : SPY not too far from the
20ema crossing below the 50ema
[10:19 am] joeytsa : on the daily
[10:20 am] michael : the Thursday and Friday
candles are pretty wicked
[10:21 am] derns : feels like the market is
fighting against going down…on a daily
basis
[10:22 am] joeytsa : i agree derns, trying
not to be overly bearish but 🙂
[10:24 am] jsn13 : Held SINA since early
morning……long all at 51.85 and out all at
54.33…held it for 3 hrs….Thanks for the
idea….
[10:25 am] joeytsa : nice going jsn !!
[10:25 am] Ed : nice jsn13
[10:26 am] jsn13 : was in red juz now….but
this trade pulled me back into the
zone…..missed OCZ though……too slow in
reacting….
[10:26 am] michael : you deserve every penny
jsn, there were some rides in there
[10:26 am] Ed : still holding 1/4 swing in
SINA from friday[10:27 am] michael : sina
looks like it wants to go higher
[10:27 am] jsn13 : i thought it’s a good idea
for swing so i juz took advantage from
there….day trade the swing ideas….
[10:29 am] Ed : north korea’s new leader
looks like he is 21
[10:29 am] rusty : CALL worth putting on
radar on daily
[10:29 am] rusty : chart
[10:30 am] weston : anyone looking at RGC?
[10:32 am] joeytsa : think i’m done for the
day..might try to pop in b4 closing..last bit
of Christmas running around…hope all your
trades work out
[10:33 am] Ed : c ya joey
[10:40 am] derns : doji…do you have a
target on your FSLR short? Do you think it
will bounce?
[10:42 am] derns : BAC nearing below 5.00
[10:45 am] doji : Have a lot of buyers at 5
but if it breaks it, then I could drop
significantly lower
[10:46 am] jsn13 : Ed, thanks for the lesson
on S/R…..it totally solved my
problem…..learning to look at S/R really
help me to get very good prices and huge
confidence…..today is the 4th consecutive
day in green….even though today is juz abit
up….
[10:47 am] Ed : way to go jsn13, continue to
study
[10:47 am] Brent : nice work JSN
[10:47 am] jsn13 : sure…..i still have lots
of stuffs to learn….this is juz the
beginning….
[10:48 am] doji : Watching FSLR, closed 1/4
position here
[10:49 am] doji : Too quick Ed
[10:52 am] go4it : Hey Doji I just bot your
1/4 position
[10:56 am] lightning : watching VHC for
possible short
[10:58 am] rusty : APPY good example of tax
losing selling but given the basic business
(or lack thereof) not a great candidate for a
bounce
[11:00 am] derns : lightning…interesting
call on VHC..watching for a fade short
[11:01 am] michael : thx for the info rusty.
also noted call
[11:02 am] rusty : CALL = magic jack – very
promotional company…with a controversial
ceo[11:03 am] lightning : VHC right at its
200MA on daily.
[11:03 am] rusty : RIMM worth watching again
based on daily chart
[11:04 am] rusty : might be a good one to
consider selling puts on into fast selling if
seen
[11:05 am] rusty : no rush
[11:07 am] rusty :
http://www.investorvillage.com/smbd.asp?mb=88
52&mn=16956&pt=msg&mi
d=11268293
[11:07 am] rusty : VHC
[11:07 am] eyeoverpyramid : Hi I am new. May
I ask which screener works best for you
all?
[11:08 am] doji : Wow, VHC is very strong
[11:09 am] doji : At R3 now
[11:09 am] derns : Rusty..I see that VHC
is/was heavily shorted..I guess this is
covering based on your posted link
[11:10 am] michael : could be derns, no
shares at lightspeed[11:11 am] derns : none
at Schwab to short either..don’t think I
would do it anyways given how strong it
is.
[11:12 am] michael : guess we should have
gone long
[11:13 am] derns : it appears near some
resistance on the daily
[11:14 am] michael : I almost went long at
21.82, oops
[11:15 am] derns : like I said michael…I
hesitated too…rats!
[11:19 am] lightning : attempted to short
VHC, no shares. we’ll see if that’s a good
thing!
[11:20 am] derns : so far lightning…sure
looks like it was a good idea to miss it
[11:20 am] lightning : indeed, a good
thing!
[11:25 am] doji : Hey Rusty, to how many chat
rooms do you belong? Man, you are our “news”
guys!
[11:27 am] derns : FSLR close to dropping
below 30
[11:27 am] eyeoverpyramid : As a newbie,
would it be appropriate to ask which screener
works best for pops & drops?
[11:28 am] doji : Hey “Eye”, you have
competition here!
[11:29 am] Brent : welcome to the room eye,
what doji means is that we have another
member named eyes
[11:32 am] rusty : eyes, try finviz.com as a
good general screener
[11:32 am] victor51 : No shorts at Fidelity
either
[11:33 am] eyeoverpyramid : Thank you
Rusty.
[11:33 am] rusty : for pops and drops
something like EtradePro works for me
[11:33 am] lightning : pyramid, some use
Trade-Ideas as a scanner. Joey uses
Madscan.
[11:34 am] rusty : EtradePro and Trade-ideas
basically same scanner if anyone
interested
[11:34 am] eyeoverpyramid : Thx Lightning
[11:34 am] Kris : etrade licenses the
trade-ideas scanner and includes it in their
platform
[11:34 am] Kris : we have a brokers/platforms
doc in the documents library
[11:35 am] Kris : bottom right hand corner
button
[11:35 am] Kris : these recommends are still
current
[11:35 am] eyeoverpyramid : Oh I see it.
Thanks gang.
[11:39 am] eyes : who here scans with
Ninja
[11:42 am] rusty : link posted half hour ago
and other subscription sites calling it a
rumor, TSA rocks
http://www.investorvillage.com/smbd.asp?mb=88
52&mn=16956&pt=msg&mi
d=11268293
[11:45 am] thomasohana : Hey kris, did u get
my email? my comp is ready
[11:45 am] victor51 : Mitch, is 3 min chart
better than 1 or 2 minute for VHC
[11:58 am] rusty : MUB new yearly high
today
[11:58 am] rusty : strange
[11:59 am] monster : kris, what are you
sending out?
[11:59 am] mhaus : eyes, Ninja does not have
scanning capabilities.
[12:00 pm] Kris : you can scan with ninja but
it’s not very efficient or robust
[12:00 pm] Kris : very limited
[12:00 pm] victor51 : TSA, I can see much
better indicator cross over with 3 min. as
compared to 1 min.
[12:00 pm] Kris : the 2 areas that ninja
needs to improve on are scanning and
alerts
[12:00 pm] jsn13 : so Kris how do u handle
that? I’m currently using
freestockcharts….
[12:01 pm] Kris : I use trade-ideas
[12:01 pm] eyes : thank Kris I was just
wondering I have Etrade[12:01 pm] Kris :
etrade scanner is good to go
[12:01 pm] Kris : just hard to day trade from
etrade[12:01 pm] jsn13 : i don’t have access
to other real time scanning tools…as I’m
living at canada….who provides trade
ideas?
[12:02 pm] mhaus : Kris, I did not find any
scanning in Ninja. Under what menu did you
find it?
[12:02 pm] eyes : anyone use esignals
scanning
[12:03 pm] Kris : you can scan using market
analyzer
[12:04 pm] mhaus : Ok. Yes, that is very
limited.
[12:04 pm] Kris : mostly limited to your data
feed
[12:04 pm] jsn13 : Ed, where do u live? what
time zone r u using?
[12:04 pm] Kris : and it’s a resource hog
[12:04 pm] derns : market dropping
[12:06 pm] Ed : in virginia est. time zone
[12:08 pm] thomasohana : Trade Ideas is
intimidating though… I just signed up for
it yesterday.
[12:08 pm] jsn13 : Ok thanks…..was thinking
of emailing u at around 10pm pacific time but
i guess it’s too late for u….it’s ok
then….was too risk taking juz now….got
stopped out 3 times and lost big on VHC
short….how did u do on VHC?
[12:08 pm] Kris : we said not to short VHC
[12:08 pm] Kris : no touchy
[12:09 pm] Ed : did not short
[12:09 pm] derns : is there any news sending
market down?
[12:09 pm] jsn13 : my fault…..looking to
closely and underestimate the risk….still
have tons to learn….
[12:10 pm] pandozzi : nflx testing lod[12:10
pm] jsn13 : but anyway how do u know its
sustainable?
[12:11 pm] derns : missed FSLR…
[12:12 pm] michael : missed AMZN too, asleep
at the wheel
[12:13 pm] eyeoverpyramid : check out ACC
[12:14 pm] pandozzi : nflx lod[12:20 pm]
jsn13 : Ed, can u explain a bit on why we
should not short vhc? what are the signs?
[12:20 pm] Kris : easy rule JSN
[12:20 pm] Kris : price spike
[12:21 pm] Kris : if the news says chatter or
rumor
[12:21 pm] Kris : and the price is moving
hard, should give a decent short trade
depending on the size of the initial move
up
[12:21 pm] Kris : if the news has any extra
details
[12:22 pm] Kris : like “Apple considering
using their parts in their iphone” or
“company xyz is looking to buy company”
[12:22 pm] Kris : anything with extra details
with the rumor usually stay strong
[12:22 pm] jsn13 : so means plainly looking
at chart patterns are not enough? even though
has good setups….
[12:22 pm] Kris : yes
[12:22 pm] Kris : chart is not enough on
these that’s why they’re a little more
advanced
[12:22 pm] Kris : money is the trump card
[12:22 pm] jsn13 : ok that’s the part that i
missed….thanks…..i seldom care bout
news….that’s y got hurt…..
[12:23 pm] Kris : you get 20% you’ll have
enough money in it for a pullback
[12:23 pm] Kris : even if it is true
[12:23 pm] Kris : but stay on your toes
[12:23 pm] Kris : these should break right
down
[12:23 pm] Kris : if you get any kind of
consolidation, dump and run
[12:23 pm] jsn13 : that’s what im thinking
but im too aggressive…..
[12:23 pm] Kris : even if you’re a little
under or break even.
[12:24 pm] Kris : it’s fine to be selectively
aggressive
[12:24 pm] Kris : just be disciplined
[12:24 pm] jsn13 : cool i like ur
explanations…..really useful for me….
[12:24 pm] jsn13 : ya i have my
stops…..juz that i went in to
frequent….
[12:25 pm] derns : TZA
[12:26 pm] jsn13 : this time i went in too
many times and got not so good
price…..greatly increases my
risk…..thanks Kris for the good
explanations….definitely help me to be
selectively aggressive…
[12:28 pm] Kris : if you’re gonna trade news
moves you need a news service
[12:29 pm] Kris : then you can get the front
end of it and decide on whether or not you
want to take the back end.
[12:29 pm] chinhngo : what is the web of new
services please?
[12:29 pm] jsn13 : I’m thinking of juz
trading patterns…..but how u now it’s a
news trade?
[12:29 pm] Kris : price move over 2% in 1
minute
[12:30 pm] Kris : extreme volume
[12:30 pm] jsn13 : ok thanks….i will be
more careful next time…..paid a huge price
for that….
[12:31 pm] thomasohana : jsn, are you
virtual trading?
[12:31 pm] jsn13 : real cash….
[12:31 pm] pandozzi : nflx blew through
lod[12:32 pm] lightning : Kris, on this
comment, do you mean that once the stock has
moved 20%, there’s plenty of room for it to
come down? [12:23 pm] Kris : you get 20%
you’ll have enough money in it for a
pullback
[12:32 pm] jsn13 : haha….had few good
days….was up earlier today till i made dumb
moves on VHC….
[12:32 pm] Ed : thx Kris, could not have said
any better
[12:33 pm] lightning : BAC under $5.
[12:33 pm] Kris : I would say this
[12:34 pm] Kris : money trumps everything but
a buyout
[12:34 pm] Kris : buyout is a buyout, not
gonna come back
[12:34 pm] Kris : but at a certain point, if
it’s not a buyout and emotional buying
reaches an extreme price, there will be
profit taking and shorting will overtake the
longs
[12:35 pm] Kris : and it will come back down
enough to be profitable on the short side.
[12:35 pm] jsn13 : good point…..but
knowing where is the top needs a bit more
experience i guess….
[12:36 pm] eyeoverpyramid : check out TEN
[12:36 pm] Kris : yes, it does take some
practice with the price action
[12:36 pm] Kris : that’s why the news service
helps
[12:36 pm] Kris : you see a runner
[12:36 pm] Kris : and you check the news
[12:37 pm] Kris : and it says details about
the rumor
[12:37 pm] Kris : as mitch would say
[12:37 pm] jsn13 : good explanation….
[12:37 pm] Kris : be vedy vedy careful
[12:37 pm] Kris : if you just give “chatter
about XYZ”
[12:37 pm] Kris : those usually correct 50% –
100% of the move.
[12:37 pm] Kris : use a 1min chart
[12:37 pm] Kris : and don’t be too patient
with it
[12:38 pm] Kris : either it’s gonna come down
or it’s not
[12:38 pm] jsn13 : ok i see ur thoughts
here….
[12:38 pm] Kris : usually once you break
trendline[12:38 pm] Kris : I would give it
about 4-5 minutes and if it’s not deflating,
start reducing and getting tight
[12:40 pm] Kris : another tip
[12:40 pm] Kris : I think Mitch spotted this
one
[12:40 pm] Kris : Nasdaq stocks spike and
fall faster
[12:40 pm] Kris : on rumors
[12:40 pm] Kris : NYSE stocks are a little
slower
[12:41 pm] jsn13 : got it…..kris how do u
study? do u do market replay?
[12:41 pm] Kris : so you might have to wait a
little longer for NYSE stocks to turn and be
more patient
[12:41 pm] jsn13 : very true…..
[12:41 pm] Kris : Nasdaq stocks less patient
but they’re turn sooner
[12:42 pm] Kris : I study my trades, I used
to study more than I do now. I have to get
back to doing more studying. A lot of
distractions in my life the past 3 months.
[12:43 pm] Kris : About twice a week I look
every stock in my watch lists
[12:43 pm] Kris : make notes
[12:43 pm] Kris : good to set alerts
[12:43 pm] jsn13 : how do u study ur trades?
ok i actually study my trades every
night….but still feel like not enough
studies….
[12:44 pm] Kris : I’m looking for position
size, entry prices, exit prices
(management)
[12:44 pm] Kris : what strategy the trade
falls into
[12:45 pm] Kris : if/how I could improve the
trade
[12:45 pm] Kris : how I was feeling that time
of day
[12:45 pm] Kris : any distractions
[12:45 pm] jsn13 : ok i guess i need to
start keeping journals…..
[12:45 pm] Kris : exactly
[12:46 pm] jsn13 : need to turn everything
into concrete ideas….
[12:46 pm] Kris : you need concrete
strategy
[12:46 pm] Kris : with very clear rules
[12:46 pm] Kris : so can be selective for
each trade you consider taking
[12:47 pm] jsn13 : i kinda have it….i
shared wit ed b4….
[12:47 pm] jsn13 : i will consult u
soon….but i have modified my rules and be a
bit more flexible and now I’m able to let the
winners run and cut my losers short….
[12:48 pm] jsn13 : getting good results once
i applied the S/R into my strategy…..but i
still have problems in selecting
trades….
[12:48 pm] derns : FSLR
[12:49 pm] doji : Ahhhh, FSLR always rebound
from 30…. nice
[12:49 pm] jsn13 : now i probably caught 50%
of the movers…..but once i got then i know
how to manage them….
[12:50 pm] jsn13 : so now its bout selecting
ideas….i think news service would
help…..
[12:51 pm] rusty : thx and have a good night
everyone
[12:52 pm] lightning : thanks TSA and
everyone. See you tomorrow!
[12:52 pm] thomasohana : thx for the
explanation kris! Looking forward to your
email response. Everyone else have a great
evening.
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