[06:19 am] Kris : good morning traders
[06:20 am] Ed : good morning
[06:20 am] Mitch K: hi ladies gents
[06:26 am] Brent : good morning
[06:28 am] Mitch K: ZAGG short over,
lol[06:32 am] Brent : watching VMW for a
bounce
[06:32 am] Mitch K: quick short in MDT
soon
[06:32 am] Mitch K: watching EMR for bottom
to buy
[06:33 am] Mitch K: watching KMX for
bottom;
[06:34 am] Kris : watching RHT for a long
[06:34 am] Mitch K: watching GMCR for
bottom
[06:34 am] Mitch K: watching RHT
[06:35 am] Kris : HNZ long half
[06:35 am] Kris : MCD long half
[06:36 am] Kris : ILMN long half
[06:36 am] Mitch K: watching FTNT for
bottom
[06:36 am] Mitch K: watching KBH for
bottom
[06:37 am] Kris : EGO long half
[06:38 am] Mitch K: watching CVLT for
bottom
[06:39 am] Kris : AMGN long half
[06:39 am] Mitch K: watching QLIK for
bottom
[06:40 am] Ed : VMW bouncing, too late to
buy
[06:40 am] Mitch K: watching ARUN for
bottom
[06:40 am] Mitch K: watching CTRP for
bottom
[06:42 am] Mitch K: watching INFA for
bottom
[06:43 am] Kris : starting to watch UPRO for
a long
[06:43 am] Mitch K: KBH acting like dog
[06:44 am] Mitch K: watching CHKP for
bottom
[06:46 am] Kris : out half EGO long
[06:46 am] Mitch K: consider covering half of
MDT short
[06:46 am] Mitch K: watch KMX for short on
top of bounce; consider reducing your long
position in KMX
[06:46 am] Mitch K: watching TIBX for
bottom
[06:47 am] Kris : long second half MCD
[06:47 am] Kris : still waiting just a little
bit longer to add second half ILMN long
[06:49 am] Kris : careful if you took RHT
long, not acting right on this bottom
[06:49 am] Mitch K: consider selling KMX;
worth small initial short
[06:49 am] Mitch K: watching for short in
INHX, advanced traders
[06:50 am] Kris : SPY selling back into the
lod[06:50 am] Mitch K: CVLT trying to
bounce
[06:51 am] Mitch K: watching CHKP closer
[06:52 am] Mitch K: missed WFM bottom,
monitoring for top to short, no hurry
[06:52 am] Mitch K: watching for bottom in
OTEX
[06:53 am] Mitch K: consider covering KMX
short, most of it
[06:53 am] Mitch K: CTRP bouncing
[06:55 am] Kris : will watch CVS for a
pullback to take long, support around
40.00
[06:56 am] Mitch K: EMR bouncing
[06:56 am] Mitch K: if anyone still short
MDT, consider covering
[06:56 am] Mitch K: late comment on EMR, was
watching earlier
[06:57 am] Kris : still watching AMGN to add
second half to long
[06:57 am] Mitch K: monitoring QCOR, not
ready yet for bottom
[06:57 am] Mitch K: WFM turning over
[06:59 am] Mitch K: INFA bouncing
[07:00 am] Mitch K: these bottoms are taking
quite a long time to move up, more negative,
even with SPY bouncing
[07:01 am] Kris : great job skydiver, nice
trade
[07:01 am] Kris : SPY forming trendline
resistance
[07:02 am] Ed : GMCR hod[07:02 am] Kris :
GMCR strong today, coming into resistance
[07:02 am] Mitch K: see if WFM makes new low;
looks like it will
[07:03 am] Kris : AMGN long second half
[07:04 am] Mitch K: consider covering WFM
short
[07:05 am] Mitch K: anyone get GMCR long
earlier
[07:05 am] Mitch K: you guys get that WFM
[07:06 am] Kris : ILMN long second half
[07:06 am] Mitch K: CVLT trying to bounce
[07:06 am] Mitch K: GMCR toppy
[07:07 am] Mitch K: i think i said that 16
min ago on CVLT
[07:10 am] Kris : looking for new hod in
AMGN
[07:15 am] Mitch K: watching STJ
[07:16 am] Mitch K: for top but not in
hurry
[07:16 am] Mitch K: forget CVLT long, dog
[07:19 am] Kris : move up stop on second half
above BE
[07:19 am] Kris : out half AMGN long
[07:19 am] Kris : TLEO short half
[07:20 am] Kris : FTNT short half
[07:20 am] Kris : holding last 1/4 for break
to new hod[07:20 am] Kris : out another 1/4
EGO long
[07:21 am] Mitch K: watching CREE for short
soon
[07:22 am] Kris : moving up stop on second
half above BE
[07:22 am] Kris : out half HNZ long
[07:22 am] Kris : yes mhaus[07:23 am] Kris :
DECK short half
[07:25 am] Kris : out half TLEO short
[07:28 am] Kris : out another 1/4 AMGN
long
[07:31 am] Kris : no falling in love here,
love em and leave em[07:32 am] Kris : buyers
coming in here, SPY trying to push this last
high
[07:33 am] Kris : out all EGO long
[07:34 am] Kris : out half DECK short
[07:35 am] Kris : out another 1/4 DECK
short
[07:47 am] Mitch K: consider covering most of
CREE
[07:58 am] Kris : out half FTNT short
[08:01 am] Kris : SPY slowly approaching lod
support
[08:01 am] Kris : things starting to slow
down some
[08:09 am] Mitch K: CTSH bouncing
[08:10 am] Mitch K: indexes close to low of
day
[08:45 am] Mitch K: watching DSW for
short,
[09:01 am] Ed : advanced trade
[09:01 am] Ed : watching CEG
[09:02 am] Mitch K: more downside on CEG
[09:03 am] Ed : halted
[09:03 am] Mitch K: although daily on CEG
would support a bounce; see if 35 holds
[09:04 am] Ed : circuit breaker halt
[09:04 am] Mitch K: if you are short and it
halts, usually opens with more downside on
situation like CEG
[09:40 am] Brent : SPY coming into trendline
resistance
[11:17 am] Ed : advanced trade
[11:17 am] Ed : watching IDCC
[11:22 am] Ed : nice guys/gals
[11:22 am] Ed : out all 40.43
[11:38 am] Brent : PRGO moving
[12:09 pm] Mitch K: did any one short that
DSW?
[12:09 pm] Mitch K: does anyone have designer
shoes? I think that’s Designer Shoe
Warehouse
[12:10 pm] Ed : oops
[12:10 pm] Ed : they never have ur size
[12:10 pm] Mitch K: Ed, I was talking to the
ladies
[12:33 pm] Brent : watching YHOO, getting
late in the day though
[01:00 pm] Ed : good night
[01:00 pm] Brent : have a good night, see you
all tomorrow
|
[06:06 am] joeytsa : ORCL laid a big egg
[06:08 am] joeytsa : existing home sales at
7ampst, crude inv at 7:30pst
[06:09 am] joeytsa : gap down:
ORCL,CRM,BIDU,SINA,WAG
[06:09 am] truck : ORCL ‘s miss,,,not
affecting INTC…Interesting to me.
[06:10 am] doji : Hey Truck, are you short
ORCL?
[06:10 am] truck : no,,, I wish
[06:10 am] joeytsa : gap up:
RIMM,EXPE,AAPL,
[06:11 am] doji : It has support at 24.72
[06:11 am] joeytsa : they are just the
latest company that might be telling us that
2012 is going to be ugly
[06:11 am] doji : NFLX, where it is
today?
[06:11 am] joeytsa : 70.63
[06:13 am] doji : I has not moved
[06:13 am] doji : Futures dropped, the moved
up in the last 30 minutes and is heading down
now again… it looks to me that it will drop
even further after the open
[06:14 am] joeytsa : doji: that drop was
probably due to italy news
[06:15 am] joeytsa : Italy GDP
contracts…signaling new
recession..bloomberg[06:15 am] joeytsa :
ORCL still diving
[06:20 am] rusty : RIMM looking good for
now
[06:20 am] rusty : RIMM up on report that
AMZN was interested in them
[06:21 am] truck : AMZN buying RIMM ,,, head
fake…. Kris is the buyer.
[06:25 am] rusty : ZAGG radar
[06:27 am] doji : Hey Kris, how would you
trade RIMM? I’ll wait for the open to see how
it moves
[06:27 am] rusty : INHX radar
[06:27 am] doji : ZAGG increased revenue
guidance
[06:31 am] pandozzi : vmw opened down 5
bucks
[06:31 am] joeytsa : yeah and dropped 2
since the open
[06:32 am] joeytsa : FTNT look for a
bottom
[06:32 am] rusty : watching SINA
[06:33 am] joeytsa : IBM getting
hammered..ORCL related?
[06:33 am] doji : INTC
[06:35 am] joeytsa : watching CRM for more
downside
[06:37 am] doji : SPY still weak
[06:38 am] joeytsa : tighten stop on CRM if
in short
[06:38 am] doji : out 1/2 INTC short
[06:39 am] joeytsa : QLIK looking ugly
[06:39 am] rusty : JDSU radar
[06:40 am] joeytsa : ES trying to find a
bottom near 1230
[06:40 am] doji : Don’t chase VMW
[06:41 am] mikewd2 -: technology will be weak
do to Oracle
[06:42 am] joeytsa : AMZN lod..watch the
$180 level
[06:42 am] doji : YEs Mike, still keeping
1/2 short in INTC
[06:42 am] joeytsa : big miss by them
mike
[06:42 am] skydiver : I’m short RIMM 13.91 –
slowly going down
[06:43 am] mikewd2 -: stopped on SINA long
[06:43 am] anthonyb : JOY
[06:43 am] joeytsa : yeah mitch…existing
home sales in 15 minutes too
[06:44 am] doji : Watch out RIMM Sky as it
could snap back
[06:44 am] joeytsa : PCLN took a dump…ran
right up to res yesterday
[06:44 am] skydiver : Moving stop down on
RIMM
[06:45 am] rusty : ZAGG 2M shares unlocked
today
[06:45 am] joeytsa : CRM trying to find its
legs..but i won’t go long just yet..looking
for even more down
[06:46 am] skydiver : out 1/2 RIMM
[06:46 am] weston : UPRO turn over
[06:47 am] anthonyb : here comes second
entry for MCD long
[06:48 am] doji : CHKP still dropping
[06:51 am] doji : INTC at pivot point
[06:51 am] joeytsa : trail CRM if short,
don’t lose too much profit
[06:52 am] joeytsa : taking profits on CHKP
short
[06:52 am] rusty : WFM registered 13M shares
for sale
[06:52 am] doji : CHKP
[06:53 am] joeytsa : all out CRM
[06:53 am] doji : KBH turned up… too
late
[06:53 am] rusty : INHX hod[06:55 am]
joeytsa : vix sitting at 22.49
[06:55 am] joeytsa : not sure i understand
that one
[06:57 am] joeytsa : 5min to existing home
sales
[06:57 am] derns : RIMM continues to look
weak..short with a stop above breakeven
[06:57 am] rusty : Analyst out negative on
RIMM
[06:57 am] rusty : fair value $10
[06:58 am] Kris : $10 for the entire
company?
[06:58 am] doji : CHKP
[06:58 am] joeytsa : where we they when RIMM
was tap dancing at $70?
[06:58 am] doji : Not for RIMM and NFLX
together Kris
[06:58 am] rusty : but $10 for its ip
etc[06:59 am] doji : out 1/4 INTC S
[06:59 am] joeytsa : be careful with your
open positions with news getting ready to
come out
[06:59 am] doji : CHKP slowly turning up
[07:00 am] rusty : RIMM analysts
http://www.streetinsider.com/rating_history.p
hp?q=rimm
[07:00 am] joeytsa : increased 4%???
[07:00 am] doji : SPY new lod[07:00 am]
skydiver : moving stop down again RIMM
[07:01 am] mikewd2 -: existing homes sales up
4%
[07:01 am] anthonyb : where is your stop
sky?
[07:01 am] joeytsa : interesting mike…all
i hear is about people losing homes
[07:01 am] skydiver : 13.56
[07:01 am] derns : previous home sales
revised down…deeper than what we thot[07:01
am] anthonyb : 13.78 for me
[07:02 am] doji : It says down Mike
[07:02 am] doji : Derns[07:02 am] skydiver
: good stop price anthony[07:02 am] joeytsa
: i hope you all have been playing CRM
whack-a-mole today 🙂
[07:03 am] joeytsa : not sure how much more
there is on it though
[07:03 am] anthonyb : i want to give it a
little room, if it goes above that 3min bar
at 9:51, I don’t want to be short anymore
[07:03 am] apple : no, but i should and
will..
[07:04 am] doji : CHKP watching no time to
wait…
[07:05 am] joeytsa : CRM sitting near 52wk
lows
[07:05 am] khall : yes, thanks Mitch. And
I’m in GMCR
[07:05 am] khall : out half
[07:06 am] apple : yes, thx, out half as
well
[07:06 am] rusty : Sterne Agee places a Buy
on General Motors (GM) with a $36 price
target.
[07:06 am] dan : CVLT bouncing
[07:09 am] mikewd2 -: any news on CVLT?
[07:10 am] jsn13 : The bounces seem to be
pretty weak today…..
[07:12 am] rusty : WLT radar
[07:13 am] doji : SPY moving slowly up
[07:16 am] joeytsa : AMZN lost $180
[07:16 am] derns : NFLX
[07:17 am] mikewd2 -: been stopped twice on
CVLT
[07:18 am] joeytsa : the ES has moved up
5pts since top of the hour
[07:18 am] joeytsa : look for weak stocks to
short
[07:19 am] apple : good idea joey, that’s
what i have been trying to do…
[07:19 am] joeytsa : the easy money is on
the downside so far, at least for me
[07:21 am] mhaus : Kris, are you still
holding ILMN?
[07:21 am] mikewd2 -: stopped on QLIK
[07:21 am] mikewd2 -: your right joey
[07:22 am] joeytsa : market trending up last
20 minutes..look for those that are
struggling
[07:22 am] fxbo : both FTNT & TLEO are
bear trap
[07:23 am] derns : Joey..are you suggesting
a turn? if so, RIMM remains weak…feels
like its waiting for a reason to drop more
[07:24 am] joeytsa : just saying when the
market turns down…those stocks that didn’t
move up or moved up weakly will most likely
fall first
[07:24 am] fxbo : long FTNT
[07:24 am] joeytsa : the ones that did move
up well, might give decent profits too..if
they ran up to res levels and then turned
over
[07:24 am] derns : that’s what i thot…I
continue to be short RIMM
[07:24 am] skydiver : me too derns – 🙂
[07:25 am] joeytsa : tighten stop on AMZN if
you shorted
[07:25 am] mikewd2 -: joey, you short on
CRM?
[07:25 am] joeytsa : not yet
[07:25 am] skydiver : I went Long on CRM
94.93 – let me know when you guys short it
[07:25 am] joeytsa : CRM made a nice strong
move
[07:26 am] joeytsa : gonna have to prove
itself to me 1 way or the other now
[07:26 am] joeytsa : AMZN is the easy money
right now
[07:26 am] joeytsa : for me
[07:27 am] skydiver : tight stop on CRM
[07:27 am] joeytsa : to me RIMM is like
watching paint dry
[07:27 am] skydiver : yes – drying very
slow
[07:27 am] mikewd2 -: SINA
[07:28 am] joeytsa : that’s why i didn’t
play it
[07:28 am] skydiver : I’m still in RIMM, but
just check it once in awhile
[07:28 am] joeytsa : if you have stops set,
then you are fine
[07:28 am] skydiver : yes
[07:30 am] skydiver : CRM is treating me
good this morning
[07:30 am] joeytsa : nice, i didn’t take
that long..hit it short 3 times
[07:30 am] joeytsa : very impressing up move
though
[07:30 am] skydiver : I would not have
looked at it, but you brought it up and went
for it Long
[07:31 am] Ed : it put in nice bottom,
crm[07:31 am] joeytsa : it’s on my daily
watch the past few weeks
[07:31 am] Ed : nice trade sky
[07:31 am] joeytsa : yeah ed[07:31 am]
joeytsa : i missed that higher low around
7:10pst
[07:32 am] joeytsa : i agree kris..repeat
after me ” all stocks are equally worthless”
🙂
[07:32 am] skydiver : out 1/2 crm[07:32 am]
khall : it’s a sugar daddy kind of love. As
long as we get what we want from them, we
love them. When we don’t, we find another
one!
[07:33 am] joeytsa : finally stopped out on
AMZN 🙂
[07:34 am] skydiver : all out of CRM
[07:39 am] mikewd2 -: stopped on CRM short –
not my day!!
[07:42 am] apple : not mine either…
[07:43 am] rusty : VIX sure acting
strange
[07:43 am] anthonyb : yep, I’ve had 2 full
losses already
[07:43 am] anthonyb : I’m holding some
winners though,….
[07:44 am] rusty : BIDU lod[07:44 am] Ed :
take short break, regroup and focus on the
now trade, in other words don’t look back and
hang hat on errors but learn from them
[07:44 am] apple : i will, thx E
[07:45 am] anthonyb : good advice ED
[07:45 am] Brent : well said
[07:45 am] Ed : thx Brent
[07:49 am] skydiver : just got back from a
short break – sorry mikewd2 – didn’t know I
was going against you on CRM.
[07:50 am] mikewd2 -: np, sky
[07:51 am] skydiver : I think of us as a
team – encouraging and pushing us forward to
lots of wins
[07:52 am] mikewd2 -: i would like just one
win today! lol[07:53 am] mikewd2 -: now CRM
wants to go down.
[07:54 am] apple : EMR was good mike
[07:54 am] michael : you got stuck in
consolidation mikewd2, stinks when that
happens
[07:54 am] rusty : putting VXX on radar for
a swing
[07:54 am] mikewd2 -: had a bit too tight
stop
[07:55 am] rusty : hope they push the vix
down even further
[07:55 am] mikewd2 -: i’ve been watching VXX,
could be a good play
[07:56 am] rusty : when everyone gets happy
it’s time to buy the vix[07:58 am] qwert :
kris thx for ftnt and tleo[07:58 am] skydiver
: just got stopped out of my last 1/4 in
RIMM
[07:59 am] skydiver : S RIMM 13.91 – 13.61 –
13.58 – pocket change, but in the bucket
[07:59 am] qwert : nice sky
[08:00 am] apple : good job sky
[08:00 am] skydiver : thanks
[08:01 am] skydiver : Paid for Christmas
today 🙂
[08:01 am] qwert : that’s awesome sky
[08:02 am] skydiver : Now just have to keep
in the zone mentally – that’s my biggest
challenge it seems
[08:02 am] qwert : have you read trading in
the zone
[08:03 am] skydiver : yes qwert – great
book – helps a lot —
[08:03 am] qwert : i love that book would
suggest it to anybody that’s a trader
[08:03 am] apple : i am a consistently
successful trader…
[08:03 am] rusty : congrats apple
[08:04 am] skydiver : Great apple – that’s a
good chant 🙂
[08:04 am] apple : it’s from the book…
[08:06 am] qwert : anybody short bidu
wow
[08:06 am] anthonyb : ES lod[08:08 am]
anthonyb : a meltdown right now would be
nice
[08:09 am] rusty : SIFY radar
[08:10 am] rusty : CHKP lod[08:10 am] rusty
: SIFY running
[08:10 am] rusty : sudden volume
[08:11 am] mikewd2 -: Sify Technologies moves
up on renewed takeover chatter
[08:13 am] anthonyb : FSLR putting up a
fight
[08:18 am] derns : AMZN
[08:35 am] rusty : TLT radar
[08:35 am] qwert : anybody trade ctas
today
[08:35 am] rusty : Analyst upgrades RIMM to
hold
[08:35 am] apple : no qwert, did u
[08:36 am] qwert : no i jst noticed it
though surprised i never saw it on my
scanner
[08:37 am] apple : nice run
[08:37 am] dan : any suggestion when day
trading account is under minimum
requirement?
[08:38 am] anthonyb : don’t switch to
futures
[08:38 am] michael : how far under Dan?
[08:39 am] joeytsa : dan: might have to
switch to swinging trades and being even more
careful with the trades you pick?
[08:39 am] dan : 5k under Mike
[08:40 am] derns : short RIMM a small amount
with tight stop
[08:40 am] Ed : check with broker, think ur
allowed 3 trades in 5 day week, or some think
like that
[08:40 am] joeytsa : something like that
ed…
[08:41 am] joeytsa : 3 day clearance on
money?
[08:41 am] michael : some actually lock you
out, I’ve heard
[08:41 am] apple : i think so
[08:41 am] Brent : yes, but I think you have
to have your broker reset your day trader
status. I think you are allowed 1 reset per
6months
[08:41 am] joeytsa : yeah, if you get locked
out..last i remember is that it’s for 90
days
[08:41 am] dan : I am with
TDameritrade[08:42 am] derns : joey…check
out AMZN
[08:42 am] joeytsa : it’s on 3 charts
haha[08:42 am] joeytsa : whack whack
whack[08:42 am] apple : nice AMZN
[08:42 am] apple : marching
[08:43 am] khall : march on AMZN, march
on
[08:43 am] joeytsa : the ES definitely in
that 1225-1235 range
[08:43 am] anthonyb : I have the same kind
of short running with ADBE. Just riding it
down…
[08:44 am] mikewd2 -: CRM getting some
volume
[08:44 am] joeytsa : nice Anthony…you
adding to it or just riding what you have?
[08:44 am] rusty : CRM gets volume at highs
and lows
[08:45 am] anthonyb : only one entry joey
I’m not very good at adding
[08:45 am] joeytsa : down up down up
[08:45 am] joeytsa : on CRM
[08:45 am] apple : rollercoaster
[08:45 am] joeytsa : what was your entry
anthony[08:46 am] anthonyb : 27.98
[08:46 am] joeytsa : was that on the way
down or on that pop around 7:15pst
[08:47 am] joeytsa : either way..nice[08:47
am] anthonyb : on the pop after the break
of yesterdays low
[08:47 am] anthonyb : just under the
20ema
[08:47 am] joeytsa : you made the right
decision to not add…support was too
close
[08:48 am] anthonyb : if I took the break
down, I would have added there anyway
[08:48 am] joeytsa : VMW legging down
[08:50 am] thomasohana : how many platforms
do u use joey?
[08:50 am] joeytsa : pandozzi: who do you
trade with?
[08:50 am] joeytsa : thomasohana: for my
day trading/scalping i use lightspeed….
[08:51 am] joeytsa : have a few other
platforms for other accounts also..i keep
everything separate..not sure if it’s smart,
but it works so far
[08:52 am] joeytsa : im going thru ls for
esignal…now i just have to trade 250k
shares/month and i get it free 🙂
[08:53 am] joeytsa : watching CRM again
[08:53 am] lightning : joey, is that esignal
deal thru Lightspeed?
[08:54 am] joeytsa : yeah
lightning…haven’t fully checked it out yet
though
[08:54 am] rusty : SINA lod[08:55 am]
lightning : Joey, I haven’t heard about that
deal, but if it is true, I need to call
them!
[08:55 am] willm : I’m watching DSW but
don’t know what signal to enter. Help
[08:55 am] pandozzi : joey i use
schwab[08:55 am] aussie123 : Insiders have
been jumping ship in CRM
[08:55 am] lightning : I get e-signal at a
25% discount, and then get my futures quotes
for free through esignal when I linked to my
futures broker.
[08:55 am] joeytsa : go to lightspeed
homepage, click tools and education on top,
then stock scanning link in the online
trading partners box
[08:56 am] lightning : the 25% discount was
through Lightspeed….ok I’ll go to their
homepage. Thanks.
[08:56 am] joeytsa : which schwab pandozzi?
sse/ssp?
[08:56 am] joeytsa : click on the esignal
tab, it’s like the 2nd to last paragraph
[08:56 am] pandozzi : streetsmart edge
[08:57 am] joeytsa : i like sse, much better
than ssp[08:57 am] pandozzi : me to man
[08:57 am] joeytsa : i use it for charts
[08:57 am] joeytsa : i like the way you can
detach the pages to separate monitors
[08:57 am] joeytsa : only thing i hate is
you can only have 8pgs/20charts
[08:58 am] pandozzi : yes I’m learning with
the new system as i trade.
[08:58 am] joeytsa : that’s what i will be
doing the rest of the year
[08:58 am] lightning : joey, I see…for
each month you trade 250,000 shares you get
it for free. I’ve got to see how many shares
I trade!
[08:58 am] joeytsa : i won’t use sse on the
new setup..keep it on my current one
[08:58 am] Mitch K: how do you like the edge
pandoz[08:58 am] mikewd2 -: DSW turning
over
[08:58 am] joeytsa : it’s a decent platform
mitch[08:58 am] joeytsa : charting is much
better than lightspeed[08:59 am] joeytsa :
lightspeed pivot points are way off for some
reason
[08:59 am] scalpman : DSW S @ 44.25
[08:59 am] joeytsa : but the funny thing is,
that they are still fairly accurate…must be
a lot of ls users
[08:59 am] pandozzi : I’ve tried a few and
seem to like it the best
[08:59 am] mikewd2 -: nice scalp
[09:00 am] rusty : U.S. SUES TO BLOCK EXELON
ACQUISITION OF CONSTELLATION ENERGY
[09:00 am] anthonyb : wow scalp. entry with
a scalpel
[09:00 am] rusty : U.S. SUES TO BLOCK EXELON
ACQUISITION OF CONSTELLATION ENERGY
[09:00 am] joeytsa : CEG
[09:00 am] Mitch K: scalpman, you are on
virtual trading still?
[09:01 am] rusty : CEG ALERT
[09:01 am] Mitch K: remember that the virtual
trading platforms usually take the last
trade, not the true price you would get.
virtual gets better pricing
[09:02 am] mhaus : US sues CEG
[09:02 am] mhaus : sues to block CEG’s
acquisition of Exelon
[09:02 am] joeytsa : huge buyer at 35.82 on
CEG
[09:02 am] thomasohana : Saw that joey
[09:03 am] lightning : halted
[09:03 am] scalpman : halted CEG
[09:03 am] michael : short CEG @ 37.15,
thank you joey
[09:03 am] mhaus : sorry rusty. did not see
your earlier post
[09:03 am] rusty : CEG near-term low ~34
from August
[09:03 am] khall : I’m short, but halted
🙂
[09:04 am] rusty : nice fill Michael
[09:04 am] willm : I shorted DSW
[09:04 am] joeytsa : re nice entry
michael…hope it drops a ton for you
[09:05 am] michael : thank you Mitch,
covered half but still half left
[09:05 am] joeytsa : these markets have just
been nuts following them on the p&f
charts
[09:06 am] michael : I’m good with what I
have already joey, no pig here
[09:06 am] joeytsa : so many back and forth
the past few months
[09:07 am] mikewd2 -: come on DSW fall
[09:07 am] michael : I wasn’t ready for a
halt, my bad
[09:07 am] mikewd2 -: should be good for you
michael
[09:07 am] derns : how long will CEG be
halted for the circuit breaker?
[09:08 am] rusty : no opening time yet
[09:08 am] joeytsa : mike: if DSW loses
support here you should get a nice fall
[09:08 am] derns : open
[09:08 am] rusty : CEG open
[09:08 am] mikewd2 -: still looking for first
win today!
[09:08 am] lightning : wow
[09:08 am] joeytsa : but that was a strong
up move
[09:08 am] pandozzi : ya think
[09:08 am] weston : wolf ,,,, CEG
[09:09 am] joeytsa : that was nuts
[09:09 am] khall : that hurt
[09:09 am] rusty : DJ DOJ Clears
Exelon-Constellation Energy Merger, With
Conditions
[09:09 am] pandozzi : that’s how ya go
broke
[09:09 am] michael : it filled me @ 37
[09:09 am] rusty : sounds like DOJ is
trading CEG
[09:09 am] scalpman : It appears the buys
were ready to clobber the SHORTS
[09:09 am] khall : 37.75 fill here
[09:09 am] khall : I mean 37.35 – sorry
[09:10 am] anthonyb : wow, my heart jumped
watching that, and I didn’t even trade it
lol[09:10 am] joeytsa : EXC falling
[09:10 am] derns : CEG..I didn’t trade it,
but that whole news thing doesn’t seem
right
[09:10 am] apple : don’t laugh too hard, i
bought CEG when i wanted to sell and still
made over $500. lucky!
[09:11 am] michael : apple, some of my best
trades have been mistakes. I’m best when I’m
out of the equation
[09:11 am] thomasohana : nice job apple!
[09:11 am] apple : sold at 38.10
[09:12 am] anthonyb : you really should send
that money to doji apple…
[09:12 am] joeytsa : AMZN lod[09:12 am]
derns : nice intelligent trade apple..what
skill!
[09:12 am] pandozzi : nice apple
[09:12 am] lightning : there’s enough bad
luck in trading…you get to keep the good
luck every once in a while.
[09:13 am] derns : joey..you still short
AMZN?
[09:13 am] rusty : SWI radar
[09:13 am] joeytsa : i will give you 3
guesses..and the 1st 2 don’t count 🙂
[09:14 am] apple : missed EXC
[09:14 am] derns : perhaps AMZN is down
because of the rumor it might buy RIMM..buy
RIMM and your stock price tanks
[09:14 am] anthonyb : what’s your entry
Amazon joey?
[09:14 am] joeytsa : possibly
[09:14 am] scalpman : What caused the CEG
drop in the first place? anyone?
[09:15 am] anthonyb : fear scalpman[09:15
am] Kris : I think it was the news about the
lawsuit
[09:15 am] rusty : headline scalpman[09:15
am] joeytsa : this time, 176.38
[09:15 am] mikewd2 -: volume dried up on
DSW
[09:16 am] weston : is this mean … I
should cover the position – DSW?
[09:16 am] mikewd2 -: don’t know, i’m short
also
[09:16 am] joeytsa : DSW has support around
43.75
[09:17 am] willm : Any thought on DSW
short?
[09:17 am] joeytsa : stopped on AMZN
[09:17 am] apple : interesting that CEG
surpassed the drop
[09:17 am] joeytsa : yeah apple
[09:17 am] apple : i am skeptical
[09:18 am] pandozzi : I’m still short dsw
44.10
[09:18 am] apple : exc[09:18 am] mikewd2 -:
i’m at 44.10 also
[09:18 am] apple : same with EXC
[09:18 am] joeytsa : EXC in a downtrend all
month and now it wants to shoot higher?
[09:19 am] monster : ftnt interesting
[09:20 am] mikewd2 -: i’m out DSW, mistake
meant to move my stop, but entered limit.
[09:20 am] pandozzi : i stopped out at 44
too slow moving for me dsw[09:20 am] apple :
S EXC 42.93
[09:20 am] joeytsa : PCLN looks don’t to me
on the daily
[09:20 am] anthonyb : I just closed all
short positions. I am now flat. I ended up
losing 100 bucks for the day. Not bad
considering. First losing day in a while.
Take care everyone, see you tomorrow
[09:20 am] mikewd2 -: made $13, first win
today! haha[09:22 am] pandozzi : THOSE ARE
SOME TOUGH CHARTS TO TRADE
[09:23 am] pandozzi : i hear that joey
that’s where the cash is
[09:24 am] joeytsa : both taken and taken
away though..bigger swings
[09:24 am] willm : Today is more interesting
than the past 2 days. Something to do in the
afternoon.
[09:24 am] derns : TZA approaching hod..may
break 28
[09:24 am] joeytsa : willm: slow time right
now usually
[09:25 am] rusty : IT radar
[09:25 am] joeytsa : the ES trying to hold
1225
[09:28 am] rusty : CHK lod[09:28 am] joeytsa
: ES lost support
[09:29 am] joeytsa : needs a big push thru
1225 or next stop might be 1200
[09:29 am] pandozzi : mike don’t u hate when
that happens dsw[09:29 am] joeytsa : WAG
nice rebound off poor report
[09:29 am] weston : DSW gap down
[09:29 am] mikewd2 -: yep
[09:32 am] rusty : JEF downgraded by
Whitney
[09:32 am] pandozzi : no lube on that one
mike
[09:32 am] joeytsa : mike: what was your
entry on DSW?
[09:32 am] mikewd2 -: 44.10
[09:32 am] mikewd2 -: was moving stop to
44.40, when it went as limit.
[09:33 am] mikewd2 -: oh well
[09:33 am] joeytsa : oh yeah…i forgot
about that limit
[09:33 am] pandozzi : look for the next
one
[09:33 am] weston : I put limit 42, I hope
it can hit
[09:33 am] joeytsa : was just looking at the
chart…no way you got stopped
[09:33 am] mikewd2 -: that’s what happens
when you turn off the verification.
[09:34 am] joeytsa : and NO revenge trade
Mike haha[09:34 am] mikewd2 -: nah, it was
still a win. lunch money
[09:34 am] joeytsa : yeah i know…but i
know you still want to put your foot on its
throat 🙂
[09:35 am] rusty : CTXS radar
[09:36 am] apple : nice trip down on CTXS
[09:39 am] pandozzi : wfm lod[09:41 am]
joeytsa : strong area for them today
pandozzi[09:41 am] pandozzi : ya i went
long
[09:41 am] joeytsa : nice, esp if it breaks
the 68.25 pivot
[09:42 am] pandozzi : 68
[09:42 am] richard : Watching TDC
[09:43 am] rusty : CTXS bounce
[09:43 am] joeytsa : OPEN up tick
[09:43 am] rusty : watch for short
[09:45 am] rusty : INCY sudden spike
[09:47 am] rusty : DLTR hod[09:47 am] weston
: I think i really got problem with TOS
[09:47 am] weston : super slow exc[09:48 am]
apple : no kidding weston[09:48 am] weston
: two them this morning took 25 sec
[09:48 am] weston : and I give up
[09:50 am] michael : BIDU, AMZN, LULU trying
to bottom
[09:52 am] rusty : INCY retreating
[09:52 am] michael : would a been buying,
now I’ll wait for them to test support
[10:00 am] joeytsa : nice uptrend on the ES
last 30 minutes
[10:03 am] rusty : Dow would be positive if
not for IBM
[10:04 am] joeytsa : that’s the prob with
the Dow
[10:04 am] joeytsa : cap-weighted
[10:20 am] joeytsa : if CRM can break above
$98 it might try to run
[10:25 am] rusty : DCTH worth putting on
radar…up without news
[10:26 am] rusty : HGSI Jan effect play
hod[10:28 am] willm : NKE chart for
trade?
[10:29 am] Ed : not a lot of money in trade
willm[10:30 am] apple : that CEG chart was
something, just took another look at it!
[10:34 am] apple : VMW lod[10:35 am] rusty
: SINA new lod[10:35 am] apple : SINA
lod[10:37 am] willm : What is lod? What to
do with VMW and SINA?
[10:37 am] willm : I missed NKE short
[10:38 am] apple : low of day
[10:38 am] weston : shot NKE 96.9
[10:38 am] willm : Then it means to long
SINA? Its going up
[10:39 am] apple : no, it just means low of
day
[10:39 am] mikewd2 -: just a note that SINA
is lod, nothing really implied.
[10:41 am] Ed : willm, i passed on nke bcuz
it was not enough money for me, i would be
looking for at least 1% so nothing for me
[10:41 am] pandozzi : joey what a ya think
about the wfm chart? I’m in at 68 2500
shares
[10:41 am] willm : Yes Ed, I tried to place
short order but it was not filled
[10:42 am] willm : Just trying to trade
[10:43 am] Ed : u should never trade for sake
of trading, better to give money to charity
instead, just saying
[10:43 am] apple : you are so right, E
[10:43 am] joeytsa : it’s coming into res
[10:44 am] joeytsa : just don’t let it turn
into a loss
[10:44 am] Ed : u want to have an edge, or
high probability of trade working in ur
favor
[10:44 am] willm : Got it Ed. I come to TSA
to learn trading. So I want to practice.
That’s all Ed
[10:44 am] joeytsa : double bottom around
67.85, in-between pivot/S1
[10:44 am] pandozzi : i got stop now
68.10
[10:44 am] joeytsa : can’t lose
[10:45 am] pandozzi : just making small
scores this afternoon
[10:45 am] Ed : u definitely came to right
place
[10:45 am] joeytsa : if you stop and it
break thru, you can always get back in
[10:45 am] pandozzi : good point joe[10:45
am] apple : wilim, are you trading real
$?
[10:46 am] joeytsa : your entry is right
between those 2 areas
[10:46 am] joeytsa : break above might run
50cents, break below down $1?
[10:46 am] eyeoverpyramid : tso shorting
nicely
[10:46 am] willm : paper trade and some
small $. In the red so far
[10:47 am] thomasohana : willm you should
read “Technical Analysis of Financial
Markets” by John Murphy. When I first
started, Kris suggested that to me and the
book literally blew my mind. Things made much
more sense thereafter.
[10:47 am] apple : best to paper trade first
so you won’t lose too much money
[10:47 am] willm : OK I will
[10:50 am] eyeoverpyramid : covered tso
timely
[10:51 am] pandozzi : go wfm[10:52 am] willm
: Yeah Pandozzi, me too.
[10:53 am] willm : Hey Ed NKE moving up
[10:53 am] willm : Is it tradable now?
[10:54 am] mikewd2 -: WFT new hod[10:55 am]
thomasohana : i thought you wrote WTF mike
lol[10:57 am] pandozzi : will..nice i set
stop at 68.30
[10:57 am] Ed : not for me willm[10:57 am]
willm : Got it Ed
[10:59 am] Ed : matter of preference, it has
given moves both ways for measly .20 or .30,
but I want more and am willing to wait for
it. as .20 to .30 is not a lot on $97
stock
[11:02 am] willm : Is it called SPY
consolidating right now?
[11:03 am] willm : To break out upward
[11:09 am] rusty : STZ radar
[11:10 am] willm : SPY another
consolidation?
[11:11 am] doji : STZ is at the 200 SMA in
the daily Rusty
[11:12 am] lightning : I was just studying
away on charts and thought I’d check
[11:13 am] lightning : have an oil trade on
so I wasn’t just sitting around!
[11:14 am] pandozzi : where did you learn
the oil trades
[11:15 am] lightning : I paper traded for a
long time looking for a setup that works for
me. I started with a TSA oil trading video
that they sell.
[11:16 am] joeytsa : the CL makes some nice
moves at times
[11:16 am] lightning : it does. I’m short
at 9902, covered 1/2 already.
[11:17 am] joeytsa : haven’t followed it the
past couple days
[11:17 am] joeytsa : nice ed[11:18 am]
pandozzi : thx light im gonna look into
that
[11:18 am] pandozzi : what hours can you
trade oil
[11:19 am] pandozzi : is it by contract?
[11:19 am] lightning : pandozzi, yes. 1
contract = 1000 barrels.
[11:19 am] joeytsa : lightning..do you ever
trade the QM?
[11:19 am] lightning : only stocks and oil.
What’s the QM?
[11:20 am] mikewd2 -: wish google would just
buy IDCC, tired of the rumors
[11:20 am] rusty : IDCC radar
[11:20 am] pandozzi : thx light. i loved oil
short at 100..
[11:21 am] pandozzi : QM?
[11:21 am] rusty : IDDD patent infringement
news
[11:21 am] rusty : IDCC
[11:21 am] joeytsa : QM is the emini
crude
[11:21 am] qwert : thx ed for idcc
awesome!!!!
[11:22 am] rusty : ITC decides to
investigate LG infringement of IDCC
patents
[11:22 am] rusty : out few minutes ago
[11:22 am] mhaus : TDC
[11:22 am] thomasohana : Ed what’d you mean
by “advanced trade”, special strategy?
[11:22 am] mikewd2 -: good for IDCC
[11:22 am] eyeoverpyramid : got my quick 1%
on IDCC
[11:23 am] doji : He means this is a quick
trade, with high risk but also high potential
reward Thomas
[11:23 am] doji : Need a quick connection
and the right platform
[11:23 am] doji : An its’ a NASDAQ stock
that correct faster than the NYSE stocks
[11:24 am] thomasohana : got it, thanks
doji[11:25 am] Ed : so it’s best to trade the
news trades like that on virtual until u get
hang of them
[11:25 am] lightning : covered second 1/2 of
oil.
[11:25 am] Brent : good one Eddie
[11:25 am] eyeoverpyramid : Ed how do you do
that? Which news source?
[11:25 am] thomasohana : makes sense, thx
Ed.
[11:26 am] eyeoverpyramid : Ed and Brent did
you get it from PR NEWS?
[11:26 am] mikewd2 -: TDC
[11:26 am] Ed : scanner
[11:27 am] doji : CHKP approaching lod[11:27
am] eyeoverpyramid : Ed may I ask which
scanner,?
[11:27 am] Ed : on idcc, it just so happens i
was looking at stock and notice vol. was
picking up
[11:28 am] eyeoverpyramid : was it from
trade ideas?
[11:28 am] willm : Do it again Ed, 2 -4
times a day
[11:29 am] eyeoverpyramid : Ed it was so
short yet sweet. But which scanner. Is it
OK to ask
[11:29 am] doji : If I can add something, on
those quick trades, on the 1min chart I wait
for the volume the peak, then wait for the
second minute to confirm the previous one was
the top volume and on min 3min I jump into
the trade…obviously you need to see the
stock reverses the trend
[11:30 am] doji : I jump into the trade at
minute 3
[11:30 am] Ed : i use volatility scanner,
high/low scanner and just by checking put
charts through day
[11:30 am] mhaus : VMW
[11:31 am] eyeoverpyramid : thx Ed, care to
tell which scanner product/
[11:33 am] lightning : i don’t know what Ed
uses, but on my Lightspeed ticker alert,
which shows new highs and new lows of the
day, IDCC came up about about 30 times in a
row. That’s what I keep an eye out for.
[11:33 am] eyeoverpyramid : I’m
understanding that now. Thx apple.
[11:33 am] doji : I don’t have a scanner but
if I had one, the way to find these stocks
would be for accelerated price and
accelerated volume
[11:33 am] joeytsa : lightning, have you
tried madscan or trade ideas?
[11:34 am] doji : SPY at trendline
support
[11:34 am] joeytsa : pandozzi: did you raise
your stop on WFM?
[11:35 am] lightning : I use Trade-Ideas
before the market opens to look for
consolidating stocks (it’s free) but that’s
it. I’m going to get Trade-Ideas when I get
a new computer. I’m concerned that all the
charts + Lightspeed + futures broker +
Trade-Ideas may be one too many
applications.
[11:36 am] joeytsa : probably depends on the
computer
[11:36 am] joeytsa : some computers actually
run faster with more stuff going
[11:36 am] lightning : yep, but mine is a
five year old laptop that I have two other
monitors connected to.
[11:36 am] thomasohana : does any how a VWAP
indicator for ninja trader?
[11:36 am] joeytsa : gotya[11:36 am] mhaus
: Lightining, it would depend a lot on your
graphics card
[11:37 am] mhaus : most of the analysis is
done on the server and displayed on your
computer
[11:37 am] lightning : I agree mhaus, but
I’ve checked into it. I have 1 1GM graphics
card and 2GB ram.
[11:37 am] Ed : they are scanners i setup in
tradestation, 1 has volatility, the other
high/low no secret
[11:37 am] mhaus : run the task manager and
see the CPU usage
[11:38 am] joeytsa : i have 8 scans running,
but only rely on 3 of them for the most
part
[11:38 am] mhaus : increase your RAM to 3GB
id you are using a 32bit system or to 6gb if
you are using a 64bit system
[11:38 am] lightning : good idea mhaus. It
looks like it runs from 25% to 50% while I’m
not doing anything.
[11:39 am] mhaus : I am running a dual core
2GHz computer with 3GB memory and I am
running Ninja, Interactive brokers,
TradeIdeas and the TSA forum
[11:40 am] lightning : maybe that’s the
ticket until I get a new computer.
Thanks.
[11:40 am] mhaus : my computer is an old one
with a good graphics card
[11:40 am] mhaus : got the computer for $125
and the video card for $200
[11:41 am] lightning : lol…now that’s a
good investment!
[11:41 am] lightning : I asked Santa for a
falcon computer like Joey
[11:41 am] apple : that guy knows a
bargain
[11:41 am] mhaus : NFLX moving
[11:43 am] pandozzi : joey kept moving stop
I’m still in wfm[11:44 am] joeytsa : good
job pandozzi, you should be golden on that
trade
[11:44 am] willm : Brent PRGO staying
there
[11:44 am] doji : Thomas, ask Kris, he has
the application you have to upload in Ninja
to run the VWAP as far as I remember
[11:45 am] Brent : yeah, not interested in
PRGO here willm[11:45 am] mhaus : CTXS
[11:47 am] derns : Obama shops at Best
Buy..does that mean we should short it?
[11:50 am] willm : Brent PRGO moving down
slowly
[11:50 am] derns : IWM move up indicates
there are buyers out there, but RIMM and AMZN
appear to be weakening
[11:50 am] joeytsa : NTES dropping a bit
[11:52 am] joeytsa : not sure how much is
there..steady downtrend all day though
[11:53 am] joeytsa : yeah derns, AMZN is a
dog
[11:54 am] Ed : u still short joey
[11:54 am] joeytsa : i really thought they
would be doing good this time a year
[11:54 am] joeytsa : no ed, i got out
earlier..didn’t get back in
[11:54 am] Ed : pays not to be a pig, got out
of sina yesterday
[11:55 am] apple : smart E, followed your
advice, but wished i had shorted it
today…
[11:55 am] Ed : next time
[11:55 am] joeytsa : only need to be a pig
when its going your way 🙂
[11:56 am] doji : Hey, I just open my book
“Trading in the Zone” I ordered… will start
to read it tonight
[11:57 am] Ed : guaranteed to enjoy
[11:57 am] apple : heck, if you think you’re
good now… just wait!
[11:59 am] joeytsa : PRGO getting
interesting to me
[12:00 pm] joeytsa : just not sure which
way
[12:00 pm] joeytsa : 5/15ma both sitting on
R1 and on the up trendline[12:01 pm] derns :
Joey..PRGO is near its all time high…would
you play a break out or resistance and pull
back if the market fades? I am just
following and learning..want to understand
your thots[12:02 pm] joeytsa : i wasn’t even
looking at the daily..thanks for reminding
me
[12:03 pm] derns : well..for that, if you
trade and make $, give me an “atta boy”
[12:04 pm] joeytsa : PRGO daily: triple top,
so it need a big push to new 52hi…so if a
long, then start small and wait for a
pullback to support to add on
[12:04 pm] derns : for our good friend joey,
sharing of his insight is pay day enough
[12:04 pm] joeytsa : where do you send the
check derns haha[12:04 pm] apple : we all
help one another, thx is enough…
[12:05 pm] derns : you bet apple…and I
seem to get more than I add..so thx to all
for sharing opportunities and rationale for
their trades
[12:05 pm] doji : Well said Apple… I am
always paid with Doji Dollars
[12:05 pm] joeytsa : i just wish i trusted
this market
[12:05 pm] apple : trust yourself
[12:09 pm] doji : Aggh missed FTNT short
[12:10 pm] thomasohana : yes mitch i did
[12:10 pm] apple : of course, we have
designer shoes…
[12:12 pm] Ed : was doing research
[12:12 pm] apple : joey, thx for NTES
[12:12 pm] mhaus : should watch AEP
tomorrow
[12:12 pm] thomasohana : yes thx joey for
that
[12:14 pm] mikewd2 -: CRM
[12:14 pm] derns : any news making the
market move?
[12:14 pm] doji : The SPY is moving
[12:14 pm] joeytsa : countrywide
settlement?
[12:15 pm] doji : Hey Rusty, BO to shut down
solar unit as industry struggles
[12:16 pm] doji : paint well for FSLR
short
[12:16 pm] thomasohana : i work for a solar
company it is struggling
[12:16 pm] rusty : bk and consolidation is
good for FSLR
[12:16 pm] thomasohana : BAD
[12:16 pm] doji : Hey Thomas, I read that
the $/watt is now at 1
[12:16 pm] thomasohana : it sure is
[12:16 pm] doji : Sorry man
[12:16 pm] thomasohana : cost on material
wise
[12:17 pm] doji : My comment was generic,
sorry
[12:17 pm] doji : CHKP moving up
[12:17 pm] rusty : only way for solars to
get back up is with pricing…have to get rid
of the excess
[12:18 pm] rusty : capacity
[12:18 pm] doji : SPY now positive for the
day… it seems the market will finish
positive
[12:18 pm] thomasohana : they have to stop
misusing fed and state money too
[12:18 pm] rusty : right
[12:19 pm] rusty : government subsidies only
works for military contractors
[12:19 pm] rusty : and petrol lobby doesn’t
want solar or gas or any competition
[12:20 pm] joeytsa : lng might be the one to
move
[12:24 pm] joeytsa : for lng i keep watching
WPRT
[12:25 pm] joeytsa : lng=liquid natural gas,
not long 🙂
[12:25 pm] rusty : Nat gas = cheap,
plentiful and relatively clean
[12:25 pm] rusty : yet no one wants it
[12:26 pm] joeytsa : that’s why i like WPRT
rusty
[12:26 pm] doji : Any idea why the market is
moving now?
[12:27 pm] rusty : buyers doji[12:27 pm]
joeytsa : if/when the vehicle change is
made..they are the ones who make the
engines..plus have a couple of nice deals
with other companies
[12:27 pm] joeytsa : read that ups fleet is
switching, plus cars with lng engines, the
buyers get huge rebate
[12:28 pm] rusty : i am buying SQNS for
January effect. No rush. Slow and easy.
[12:29 pm] michael : yhoo is yahooing
[12:29 pm] joeytsa : rusty: do you play the
january effect both ways?
[12:30 pm] rusty : usually long
only…unless a parabolic move occurs
[12:30 pm] joeytsa : stock only or
options?
[12:30 pm] rusty : so many china cos on jan
list
[12:31 pm] joeytsa : i mean overall, not
SQNS per se
[12:31 pm] rusty : stock only
[12:31 pm] jsn13 : Joey thanks for ur
NTES…..drop in the bucket….
[12:31 pm] joeytsa : nice jsn !!!
[12:31 pm] rusty : could use options but I
don’t want to worry about time factor
[12:31 pm] derns : AMZN running
[12:31 pm] joeytsa : 3 month out, 75-80
delta
[12:32 pm] rusty : pls remember on Jan
effect plays…do not put all your $ into one
stock as much as you might be tempted. The
technique works with a basket of stocks.
[12:32 pm] joeytsa : i see that derns, nice
move
[12:32 pm] joeytsa : good reminder
[12:33 pm] rusty : RIMM was in the basket
but yesterday’s rumor killed it
[12:33 pm] joeytsa : i always thought the
jan effect was to sell the bad stocks and buy
the good ones correct?
[12:34 pm] joeytsa : thinking that managers
don’t want them on the books eoy[12:34 pm]
doji : FTNT
[12:34 pm] joeytsa : or do i have that
backwards
[12:34 pm] doji : resistance 1t 20
[12:35 pm] rusty : Tax loss selling brings
about discount prices and there is often a
natural rise/bounce in prices in Jan
[12:36 pm] joeytsa : right
[12:36 pm] rusty : works for market in
general but i try to improve odds by looking
for beaten down stocks that hopefully still
have some value
[12:37 pm] derns : rusty..that makes sense
to me, but I keep thinking the market run up
over the past week is short covering…would
that change your strategy?
[12:37 pm] joeytsa : makes sense
[12:37 pm] pandozzi : nice little run for
wfm since my departure
[12:37 pm] joeytsa : VMW moving
[12:38 pm] rusty : any premature/fast run up
in prices before eoy usually makes me take
stock off the list
[12:38 pm] rusty : e.g. RIMM
[12:38 pm] joeytsa : yeah pandozzi, hit prev
cl turned back a bit
[12:38 pm] rusty : I sold puts on RIMM the
other day for Jan effect
[12:39 pm] apple : got out of NTES a little
early
[12:39 pm] rusty : I bot INHX in the pennies
a couple of years ago aury effect….and sold
too soon of course
[12:39 pm] pandozzi : i got my stop set at
68.47 now
[12:39 pm] apple : more downside to VMW?
[12:39 pm] joeytsa : nice profit at worst
for you
[12:40 pm] rusty : some of the Jan effect
plays go up huge percent and some will not
move at all or even go down
[12:40 pm] weston : anyone shorting YHOO?
[12:40 pm] joeytsa : hence the basket
[12:40 pm] rusty : aye
[12:41 pm] apple : but then, maybe not
[12:42 pm] rusty :
http://www.siliconinvestor.com/subject.aspx?s
ubjectid=58474 Jan effect thread, one of
many
[12:42 pm] rusty : HGSI a good candidate
[12:44 pm] rusty : even BAC on the list
[12:45 pm] rusty : but I prefer cash rich
low debt companies for my basket
[12:45 pm] rusty : usually establishes a
floor in the price
[12:46 pm] joeytsa : good plan
[12:47 pm] joeytsa : CVLT making a dash
[12:47 pm] joeytsa : most likely too late to
make a trade though
[12:48 pm] rusty : VIX and related etf’s
collapsing
[12:48 pm] fxbo : I said FTNT was Bear trap
this morning, now $20
[12:49 pm] fxbo : Out my long of FTNT
[12:49 pm] apple : good job fxbo[12:49 pm]
joeytsa : nice trade fxbo[12:50 pm] willm :
Doji, look at CVLT. I am trying to apply your
tip as IDCC trade. Watching volume
[12:50 pm] derns : fxbo..good job on FTNT.
What do you mean by a bear trap?
[12:51 pm] apple : that confused me, too.
looks bullish
[12:51 pm] rusty : bears get excited that
its going lower after they put paw in trap
[12:51 pm] mhaus : TRIP falling like a
rock
[12:51 pm] fxbo : Bear trap: trap to kill
the bear (opposite to bull short)
[12:52 pm] apple : good eye, willim, but too
late in the day
[12:52 pm] derns : so you looked at it as a
short head fake? After dropping, it rebounded
with short covering?
[12:53 pm] rusty : SLAB radar
[12:53 pm] joeytsa : FTNT to me was more of
a stock than went from a clear downtrend to a
clear uptrend
[12:53 pm] rusty : never mind SLAB
[12:54 pm] joeytsa : it all depends on the
chart you look at i guess
[12:54 pm] apple : i have the 3 min up –
turned at about noonish[12:55 pm] joeytsa :
yeah apple, on the 8/21 it’s a tale of 2
trades 🙂
[12:55 pm] joeytsa : no matter how you see
it, or call it…good trade by fxbo !!!
[12:56 pm] willm : Doji I short CVLT on 3:53
pm but it still going up
[12:56 pm] fxbo : I have to thank someone
here for his call of sf short FTNT, but I
thought opposite so I I went long this
morning.
[12:57 pm] doji : Hey Will, I don’t remember
calling for a trade in CVLT
[12:57 pm] apple : agree joey
[12:57 pm] doji : How do you identify a bear
trap fxbo?
[12:58 pm] doji : just curious
[12:58 pm] fxbo : just opposite of “bull
short”
[12:58 pm] willm : Oh no Doji. I mean your
tip on IDCC trade to watch volume to confirm
the top. I applied it CVLT in paper trade
[12:59 pm] fxbo : FTNT was approaching
support on daily chart, and I also watched
other such as forex, bonds, for overall
market
[12:59 pm] rusty : YHOO hod[01:00 pm]
joeytsa : vix at 21.43
[01:00 pm] pandozzi : scalped 500 bucks yhoo
at close
[01:00 pm] apple : thx MK, K, B, E and
everyone. Had a fun day. all have a
wonderful evening.
[01:01 pm] doji : Will, CVLT was moving up
near to the close, that is not a good time to
go long/short,
[01:01 pm] fxbo : good luck
[01:02 pm] apple : doji, that’s exactly what
i said
[01:02 pm] doji : Well hope you can give
more details tomorrow fxbo[01:03 pm] willm :
Doji thank you I just trying to apply your
tip
[01:04 pm] doji : no will, I think I should
have been more specific, let’s continue the
learning tomorrow
[01:04 pm] willm : OK see you
[01:05 pm] willm : As X’mas approaching,
market will go as normal or what should we
aware in our trades?
[01:06 pm] joeytsa : volume probably will
dry up a bit
[01:10 pm] willm : Joey, our trades size
should be smaller or as usual?
[01:11 pm] joeytsa : if you stick to the
more liquid stocks it probably won’t
matter
[01:11 pm] joeytsa : i won’t be trading much
the next few days…
[01:12 pm] joeytsa : but if i do it will be
on the bigger names
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