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[SYSTEM] [0:02]: Welcome to the StockVision Forum. We encourage you to post your questions, comments, and trades. Please be sure you always comply with our Forum Standards of Conduct www.garsworld.com/forumrules.htm.
Thanks for being a part of our community!
moby [3:25]: Welcome trials
While the chat room can be beneficial the real work horse is the tutorial section. Begin by clicking tutorial tab or if you want a quick start go here and sign up for the free webinar http://www.omnovia.com/movies/co9372/55224 Study the trade setups and proceed by practicing with your paper account. Many here can help guide you through the site making your experience an enjoyable and profitable one. We were all beginners at one time and there’s no such thing as a stupid question at SV so don’t hesitate to ask. Enjoy your visit and we hope you become a regular part of the SV family
Don’t miss our latest webinar, "Trading In a bear market without shorting". Air time is Thursday July 29th at 8:pm eastern. Our last one was a sellout so don’t delay. Maximum capacity is 30. Go here for signup details http://www.garsworld.com/webinars.htm
moby [3:25]: Welcome trials
While the chat room can be beneficial the real work horse is the tutorial section. Begin by clicking tutorial tab or if you want a quick start go here and sign up for the free webinar http://www.omnovia.com/movies/co9372/55224 Study the trade setups and proceed by practicing with your paper account. Many here can help guide you through the site making your experience an enjoyable and profitable one. We were all beginners at one time and there’s no such thing as a stupid question at SV so don’t hesitate to ask. Enjoy your visit and we hope you become a regular part of the SV family
Don’t miss our latest webinar, "Trading In a bear market without shorting". Air time is Thursday July 29th at 8:pm eastern. Our last one was a sellout so don’t delay. Maximum capacity is 30. Go here for signup details http://www.garsworld.com/webinars.htm
concept [10:17]: Cannot use SV for UK trading - system is down
Dosnoris [11:37]: i tried a restarting a few times still not working
DJalecC [8:04]: not workie here also :-(
porti [12:07]: HI all, we have some problems with the datafeed that comes to our server right now. We are working hard to resolve this problem as fast as we can.
porti [12:09]: Hi all, we are having alot of problems with the datafeed at this point, we working hard to resolve this issue
porti [12:10]: Hi all, we are having alot of problems with the datafeed at this point, we working hard to resolve this issue
porti [12:17]: Hi all, we are having alot of problems with the datafeed at this point, we working hard to resolve this issue
porti [12:22]: Hi all, we are having alot of problems with the datafeed at this point, we working hard to resolve this issue
porti [12:24]: Hi all, we are having alot of problems with the datafeed at this point, we working hard to resolve this issue.
nester [8:33]: Oil prices dipped to near $77 a barrel Wednesday after a report showed U.S. crude supplies unexpectedly rose last week, suggesting demand remains weak.
By early afternoon in Europe, benchmark crude for September delivery was down 27 cents to $77.23 a barrel in electronic trading on the New York Mercantile Exchange.
Crude inventories jumped 3.1 million barrels last week, the American Petroleum Institute said late Tuesday. Analysts had expected a drop of 2.3 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.
Supplies of gasoline and distillates also rose, the API said.
The Energy Department's Energy Information Administration is scheduled to report its supply data -- the market benchmark -- later Wednesday.
nester [8:34]: NEW YORK (AP) -- Stock futures dipped Wednesday as investors entered the day tentative before new reports that will provide insight about the pace of recovery.
A key report on durable goods is expected to show orders rose last month, but gains were largely due to the volatile transportation sector. The Federal Reserve is set to release its beige book report, which provides a regional snapshot of the economy.
Cautious words from Fed chairman Ben Bernanke last week led to a sell-off in stocks. He called future growth "uncertain," which worried investors who look to Bernanke for reassurances that a rebound is under way.
Investors have been trying to balance strong earnings and corporate outlooks with economic data that isn't as rosy as forecasts being provided by company executives. Similar mixed reports led to a mostly down day in the market Tuesday.
nester [8:35]: LONDON (AP) -- European stock markets traded in a narrow range Wednesday amid signs that the recent rally may be running out of steam due to worries about the U.S. economic recovery. Asian stocks closely sharply higher, however, on optimism over the region's two leading economies, Japan and China.
In Europe, the FTSE 100 index of leading British shares was down 8.47 points, or 0.2 percent, at 5,357.10 20 while Germany's DAX fell 19.44 points, or 0.3 percent, to 6,187.87. The CAC-40 in France was 8.68 points, or 0.2 percent, higher at 3,675.08.
Wall Street is poised for a subdued opening, following a late sell-off Wednesday -- Dow futures were up 5 points at 10,499 while the broader Standard & Poor's 500 futures rose less than a point to 1,111.50.
nester [8:35]: LONDON (AP) -- The governor of the Bank of England said Wednesday that the need to stimulate the economy still takes precedence over concerns about high inflation at a time when the outlook for the global economy remains uncertain.
Governor Mervyn King told Parliament's Treasury Committee that Britain cannot be confident that a sustained recovery is under way despite last week's report that the economy grew 1.1 percent in the second quarter -- the third quarter of recovery from a deep recession.
"The debate is about the appropriate degree of stimulus, not about applying brakes," King said.
The Bank's Monetary Policy Committee has kept its key interest rate at an all-time low of 0.5 percent, though one member -- Andrew Sentance -- is advocating a hike to 0.75 percent because of his concerns about inflation remaining above the official 2 percent target.
porti [12:37]: Hi all, we are having alot of problems with the datafeed from UK at this point, we working hard to resolve this issue.
nester [8:37]: SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Wednesday's session are ConocoPhillips, Coca-Cola Enterprises Inc. and Boeing Co.
bulldogchip [9:03]: the time if off by an hour on the posts (at least on my version)
porti [13:08]: test
stkmrkt [9:09]: bulldog...you're not alone. It's also off on mine
stkmrkt [9:09]: Exactly an hour, actually.
madriver [9:22]: it is
Andrew [9:24]: Andrew [9:24-USA] S has been trading up a lot after earnings
madriver [9:24]: hi nestea
Andrew [9:24]: S is gapping up over 8%
nester [9:24]: mornin mad
Andrew [9:25]: I added a few stocks to my watch list today that might have some interesting movement today: HOLX, MGM, and IDTI
madriver [9:27]: I guess somebody likes the fact that S beat on subscribers....future earnings I suppose
Andrew [9:28]: It briefly traded just above its 52-week high (5.31) in pre-market but then pulled down to 5.20.
madriver [9:28]: futures look flat
rw [9:29]: morning Andrew, madriver and Mr. Nester also stkmrkt
Andrew [9:29]: Yeah tiny gap up perhaps
madriver [9:29]: hi rw
Andrew [9:29]: Good morning
madriver [9:30]: do you have a gap on idti from yesterday
rw [9:30]: good day yesterday----I do not recall anyone being disciplined.....that is good.
madriver [9:31]: maybe today!!lol
Andrew [9:31]: Oh actually the gap today might change b/c the durable goods data comes out right now.
Andrew [9:31]: The data is much worse than expected
Andrew [9:33]: Even S is coming down a lot now too with the rest of the market
madriver [9:33]: yeah and the futures seemed to go up a little....weird
Andrew [9:34]: Did you see that move yesterday at 10:00am when the consumer confidence data came out? Tricky stuff - about 1 and a half minutes of big buying before huge selling.
madriver [9:35]: Cramer recommended WY 3 weeks before it tanked on the special dividend .....someone I know bought his recommendation.....
Andrew [9:36]: Did WY do a stock split recently?
madriver [9:36]: brief buying then selling...very tricky...how can you trade that
Andrew [9:36]: I think my chart of it is messed up.
madriver [9:36]: my understanding is that they had a special dividend of 26 and it killed the stock....not aware of a split
Andrew [9:36]: Oh ok that must be it.
madriver [9:37]: huge dividend
Andrew [9:37]: So your friend got the huge dividend?
madriver [9:38]: i thought holders of record as of 1/1/10 got the dividend but I could be wrong......that's what he told me ????? I haven't looked at it that closely
Andrew [9:40]: That's interesting. I've never seen a dividend like that before and its affect on the stock. Probably went down so much because the dividend can be paid in additional shares instead of cash so dilution.
Andrew [9:44]: I think your friend must be getting the dividend or else it wouldn't seem to make sense.
madriver [9:45]: Weyerhaeuser (NYSE: WY) announced a $5.6 billion special dividend earlier this week as a prerequisite for converting to a Real Estate Investment Trust (REIT). After briefly discussing the move, I will take this timely opportunity to make sure Fools understand the nature of dividends and the complex tax implications before contemplating a dive for dividends
carr [9:45]: Good morning all, please be aware of the following:
madriver [9:45]: converting to a REIT....first I've heard that
carr [9:45]: porti [8:23 (USA)]: Hi all, we are having alot of problems with the datafeed at this point, we working hard to resolve this issue.
madriver [9:46]: I think he is too or that would be called a ripoff
Andrew [9:46]: I think that's the reason for the special dividend. It appears that all holders as of 7/19 get the dividend.
madriver [9:46]: then he shouldn't be complaining
Andrew [9:46]: right
Andrew [9:47]: Good morning carr.
madriver [9:47]: andrew...did you see the REIT status for WY?
carr [9:48]: Morning Andrew
Andrew [9:48]: Yeah I think they announced they were planning to convert to a REIT near the end of 2009.
madriver [9:49]: oh...first I've seen that....behind the times
madriver [9:52]: mpel.....another one to watch
Andrew [9:53]: Yeah I was looking at MPEL and LVS earlier too but thought MGM might have some better volatility.
Andrew [9:54]: MPEL totally got crushed yesterday afternoon though, so might be a good entry long sometime near the open once they take out more stops below 4.00.
madriver [9:54]: got clobbered already...how much left........
Andrew [9:54]: 3.90s maybe?
madriver [9:55]: probably a good entry there.....stops should be gone by then
lindo [9:57]: morning all
Andrew [9:57]: I kind of gathered some stocks that look pretty due for profit-taking today based on their charts: HOLX, MGM, IDTI, NLST
Andrew [9:57]: Hi lindo
madriver [9:57]: what is your take on CMS?
porti [13:57]: test
madriver [9:58]: lindo.....haven't been around lately?
madriver [9:59]: CMS.....tough read IMO.....alot of buying late yesterday then they missed.........
madriver [10:00]: carr...do you know if there is room in the tomorrow's webcast?
lindo [10:01]: I had the suspend chats checked so I could catch up. I've been in Baltimore on vacation.
madriver [10:04]: hey jim...how you doing....what do you see that you like?
jim [10:04]: morning all
madriver [10:04]: jolox
jim [10:04]: Morning Mad
jolox [10:05]: HI
madriver [10:06]: bull/bear moved further to the right from midday yesterday
Andrew [10:06]: WIth CMS I wouldn't want to buy it this high. Risk-reward looks very favorable for shorting it near 16.60 though.
madriver [10:07]: thx
jim [10:07]: PCBC is a watcher
Andrew [10:08]: Wow what happened with PCBC the last few days?
jim [10:08]: Stronger earnings
madriver [10:08]: it ran like crazy yesterday.....lots of buyers at close
Andrew [10:09]: Wouldn't most of the shorts have gotten out by now?
carr [10:10]: Madriver last I knew there were a few seats left for tomorrow.
Andrew [10:10]: There's still some room left for the webinar tomorrow madriver.
madriver [10:10]: I believe Jim bought yesterday for today's run....
madriver [10:10]: thx guys
jim [10:11]: yes I bought PCBC at 1.30 still holding
Andrew [10:11]: Is your target near 1.40?
jim [10:12]: yes I think it will go to at least 1.40
Andrew [10:12]: Maybe there can be 1 more day of short squeeze.
lindo [10:13]: Need opinions....that dog iflg that I'm still holding has been delisted by NSDQ. Don't know what this means in terms of price, maybe nothing???
Andrew [10:13]: The first half hour in PCBC yesterday was really explosive buying.
rw [10:14]: fdo long watcher.....UVV for short maybe.......DJSP gap down - long after two green bars cenx gapper long after two one minute bars green
Hank [10:14]: Morning everyone, hope everyone doing well, and also good trading. Got a few late yesterday. ALTH @ 5.75X2000, ALU @ 2.76 x 3000, BZH @ 4.27 x 2000
Andrew [10:15]: I'd personally be looking to get out of IFLG on any strength mostly just because its chart looks so manipulated.
madriver [10:15]: HANK......my man!!!
jim [10:15]: morning Hank long time no see
Andrew [10:15]: Good morning Hank. Nice to see you again.
jolox [10:16]: iflg...granted continuance
lindo [10:16]: I've had that thought too Andrew, but don't want to take the loss. Do you think the delisting will have a negative impact on price, or no big deal?
madriver [10:16]: hank....based on those trades you are bullish.....
jim [10:16]: PCBC very strong in premarket
Hank [10:16]: Hoping to make some $$$ on these next day or so.
rw [10:16]: Hank glad to see you ----I have been concerned about you.
madriver [10:16]: jim....looking at PCBC
Hank [10:17]: Glad to be back for a short time, lots at home to do also.
jim [10:17]: yes watching PCBC
carr [10:17]: Hi All please be aware of the following porti [8:23 (USA)]: Hi all, we are having alot of problems with the datafeed at this point, we working hard to resolve this issue.
madriver [10:18]: jim....might get away from me early...I was hoping to get in at 1.32ish
jolox [10:18]: Lindo.....IFLG......Granted continued listing
Andrew [10:19]: What was the reason for IFLG being deficient?
carr [10:20]: BRIEF: InfoLogix granted Nasdaq listing extension [The Philadelphia Inquirer] 07/13 06:05 PM
July 13--InfoLogix Inc. (IFLG:$5.43,00$0.43,008.60%) said today that it has been granted an extension to comply with Nasdaq's listing requirements, on which it had received a deficiency warning.
The Hatboro company, which helps businesses, particularly in health care, use mobile technology, was cited for missing the $2.5 million minimum stockholders' equity requirement.
The original citation was issued in April; InfoLogix (IFLG:$5.43,00$0.43,008.60%) said in a release that it appeared at a hearing June 10 and received the extension letter last Thursday.
The extension sets milestones to be met by Aug. 15, with complete compliance by Oct. 18.
The company said its 2,000 North American clients include Kraft Foods (KFT:$29.88,00$0.16,000.54%) , Merck and Co. (MRK:$35.18,00$-0.09,00-0.26%) , General Electric (GE:$16.18,00$0.04,000.25%) , and Stanford School of Medicine.
Company shares closed today at $5.39, down 78 cents. -- Roslyn Rudolph
jolox [10:20]: Hank......Welcome back.....you were missed.......FREE TEA AND BISCUITS ON CARR.
carr [10:20]: Hey Hank welcome home
Andrew [10:21]: From first read that doesn't look like anything good to hold long-term.
lindo [10:21]: thx Carr
madriver [10:21]: agree on that...
Andrew [10:22]: It's only a 20-million dollar company at this point.
Hank [10:22]: Hope you all made lots of $$ , Im here to catch up on some also.
Andrew [10:22]: Maybe it will have 1 more of those explosive up days so you can get out for a better price.
lindo [10:22]: Daytrade that didn't work out. Never meant to hold it.
madriver [10:22]: oops
lindo [10:23]: bought too many shares to dump
madriver [10:23]: looks like a short..might want to dump it IMO
Andrew [10:23]: I'd be afraid to short it based on the daily chart.
Andrew [10:24]: It looks like momentum traders are just playing around with it.
Andrew [10:24]: Or worse, pump and dumpers.
lindo [10:24]: yes, like once a month it moves
jolox [10:25]: Hank.......Having a place to go is home; Having someone to love is family; Having both is a blessing.
madriver [10:25]: lindo...chart doesn't look that bad....erratic
madriver [10:25]: jolox....so sweet!!!
carr [10:26]: lindo, I agree with madriver what was your entry on IFLG?
rw [10:26]: jolox has found utopia - climbed to the top of the mountain GREAT
lindo [10:26]: I was in and out then in at 8.14. So you see it would not be pretty
Andrew [10:26]: What's your stop loss in it?
rw [10:27]: he has seen over the other side
lindo [10:27]: I have not set one.
madriver [10:27]: doesn't sound like a good plan
lindo [10:28]: Maybe the best plan is just to dump it today and take the loss
Andrew [10:29]: Or you can gradually start selling at least so if it really tanks you can still escape with a smaller loss.
madriver [10:29]: put a hard stop in and let it go....that's what I'd do...if it runs great if not limit your loses.IMO only
jim [10:29]: hero is a watcher
lindo [10:29]: Thx mad
Andrew [10:30]: long MPEL 3.88
carr [10:30]: IFLG could run today, but not likely to 8.14, once again I agree with madriver set a hard stop and see what happens.
Andrew [10:31]: long S 4.98
ortrade [10:31]: FAZ 3000s@13.65p
Andrew [10:32]: tripled up on MPEL 3.89
lindo [10:32]: It's gone. No worries
Andrew [10:32]: tripled up on S 4.99
Hank [10:32]: S @ 4.99 x 2000
lindo [10:33]: volume meter! data feed maybe
Andrew [10:33]: short HOLX 15.05 (triple position)
Andrew [10:34]: short IDTI 6.15 (triple position)
Andrew [10:35]: out 1/3rd MPEL +2%
Andrew [10:37]: short MGM 11.08 (triple position)
Andrew [10:37]: added to HOLX short 14.96 (double position)
Andrew [10:38]: added to MGM short 11.01 (double position)
Andrew [10:40]: added to IDTI short 6.13 (double position)
DJalecC [10:41]: whats with all the massive volumes on SV? something wrong?
Andrew [10:41]: There is a datafeed issue that is being worked on right now.
DJalecC [10:41]: also SV won't tick over,
nester [10:42]: Long TZA 30.21
porti [10:42]: test
Andrew [10:42]: out rest of MPEL +2.1%
Andrew [10:43]: out 1/5th HOLX +1.7%
Dosnoris [10:44]: think there's a datafeed issue been like this the whole day for the UK markets
Andrew [10:44]: added to S 5.00 (double position)
rw [10:44]: cenx long maybe
Andrew [10:45]: Might be good rw but I'd have a tight stop in it
Hank [10:45]: S @ 5.00 add 2 posit.
porti [10:46]: People the datafeed is not working right now, dont use the charts and the prices from sv until further notice.
ortrade [10:46]: Exit FAZ +60p
Andrew [10:46]: long FAZ 13.57 (triple position)
Andrew [10:47]: added to FAZ 13.61 (double position)
Andrew [10:47]: out another 1/5th HOLX +2.4%
Andrew [10:49]: added to MGM short 11.14
rw [10:50]: aet long 27.40
Andrew [10:50]: out S -0.44%
rw [10:50]: aet sold 27.50
rw [10:51]: GPN long watacher
Andrew [10:51]: short MPEL 3.99 (quadruple position)
rw [10:51]: somebody acumulating UVV
Andrew [10:52]: added to MGM short 11.22 (double position)
madriver [10:52]: not much volume in PCBC at this point
Andrew [10:52]: out another 1/5th HOLX +3.3%
jim [10:53]: agree on PCBC needs vol
Hank [10:53]: ok
Andrew [10:53]: added to IDTI short 6.16
madriver [10:55]: what's your stop Jim?
jim [10:56]: mad I plan to hold pcbc
lindo [10:56]: S hit my stop
madriver [10:56]: look at that volume???
rw [10:56]: I think S needs to overcome the two red daily candles JMO
Andrew [10:56]: out rest of HOLX +3.8%
Andrew [10:56]: long HOLX 14.44
rw [10:56]: cenx long watcher
Andrew [10:56]: tripled up on HOLX 14.44
Andrew [10:57]: back in S 4.85 (triple position)
Andrew [11:04]: out S +1.65%, declining volume
Andrew [11:05]: short S 4.93 (triple position)
Andrew [11:06]: added to FAZ 13.60
Andrew [11:08]: added to S short 4.93 (double position)
Hank [11:08]: PCBC looks like a 4/7 day cycle, on the zig-zag chart. QQQQ chart with stoch. has a very good reading on how zig-zag charts works. if any one interested.
rw [11:08]: vxx chart looks good
Andrew [11:08]: added to HOLX 14.39 (double position)
Andrew [11:10]: Huge selling in tech
Andrew [11:10]: I guess market-wide
Andrew [11:10]: out HOLX -0.35%
Andrew [11:11]: out 1/5th S +1.7%, out 1/6th FAZ +1.1%
Andrew [11:12]: out half MGM -0.49%
Hank [11:13]: SEED use zig-zag chart, today its aiming down, Look at S aiming up. End of day is the true reading of directiion, another indicator to stay in the trade longer. Only my opinion.
Andrew [11:14]: out 1/4th MPEL +1.4%
DJalecC [11:16]: anyone got a time scale for SV to be working again?
rw [11:17]: DJalecC: Mr. Carr said they were working on the problem.....that was early.
Hank [11:18]: ON the zig-zag system I use 7 day corssing 30 day ma, gives me a good signal, It cuts downmy losing trades and helps on winning trades also.
Andrew [11:19]: out IDTI -0.73%, out rest of MGM -0.58%
madriver [11:19]: what is the zig zag trading system?
Hank [11:20]: mad go to stock charts.com and another indicator you can use, it free. Go to free charts and use indicators.
Andrew [11:22]: long PCBC 1.09
madriver [11:23]: thx
Andrew [11:23]: 1.08
madriver [11:23]: pcbc would of been a great short this morning
Andrew [11:23]: tripled up on PCBC 1.10
lindo [11:24]: thx hank
Andrew [11:25]: Yeah I almost shorted it near yesterday's high.
Andrew [11:25]: I'm now trying to buy it right near the 50-day moving avg.
madriver [11:25]: that would of been nice.....
ortrade [11:26]: FAZ 1000s@13.82p
Andrew [11:26]: I wanted to wait until it first breached 1.40
majour [11:26]: L VMED 19.89
Andrew [11:26]: I got too impatient with MGM, should have stuck with it once 11.25 held again
Andrew [11:27]: out another 1/4th MPEL +2.9%
Andrew [11:27]: out another 1/5th FAZ +1.5%
Andrew [11:27]: another 1/6th FAZ I mean
Hank [11:28]: SIMG missed out on that one also up over .90 cents.
Andrew [11:28]: out rest of S +1.2%
madriver [11:28]: Hank are you sticking around ?
Hank [11:28]: for today I will
madriver [11:29]: I mean on a regular basis?
Andrew [11:29]: added to PCBC 1.11 (double position)
Hank [11:29]: I have a lot of duties put on my plate last few week, so shall pop in
nester [11:30]: stopped out TZA +2.2%
Andrew [11:30]: out another 1/4th MPEL +4%
Andrew [11:32]: out PCBC no gain/loss
nester [11:32]: FAZ long 13.81
Andrew [11:34]: short PCBC 1.10 (triple position)
Andrew [11:35]: out another 1/3rd FAZ +2.2%
Andrew [11:35]: out rest of MPEL +4%
ortrade [11:35]: Exit FAZ strange on the IB simulator it filled with no gain loss must have been heratic spread.
nester [11:37]: short ERX 29.68
Mckoan [11:37]: Bought SDS @ 32.01.
Hank [11:37]: RUTH 4.59 short
Andrew [11:37]: out rest of FAZ +1.8%
Andrew [11:38]: long FAS 22.61 (triple position)
ortrade [11:39]: FAZ 1000s@13.8p
Andrew [11:40]: added to PCBC short 1.11 (double position)
jim [11:42]: L ZLC 1.73
madriver [11:43]: you're going to get killed on that PCBC short..jk
nester [11:43]: stopped out ERX -1.1%
Andrew [11:44]: added to PCBC short 1.15 (triple position)
Andrew [11:44]: 1.16 was previous support from yesterday
DJalecC [11:44]: I don't understand how you lot can trade without SV!! What are you using instead :/
ortrade [11:45]: Exit FAZ +45$p
Andrew [11:45]: I found some stocks to watch last night in SV and wrote them down
Andrew [11:46]: back short MPEL 3.88 (triple position)
DJalecC [11:46]: yeah but I tend to follow the histogram, so without it I'm blind :-(
Andrew [11:47]: out FAS +0.8%
Andrew [11:47]: back in FAZ 13.74 (triple position)
Hank [11:47]: I also scan night before and do homework and follow before hand on reports input etc. just in case of minor set backs.
Andrew [11:47]: HOLX got destroyed today by profit-taking
Andrew [11:47]: I left a ton on the table
Andrew [11:48]: added to MPEL short 3.86 (double position)
rw [11:48]: misread aet 14dollar loss
Andrew [11:50]: added to FAZ 13.77 (double position)
rw [11:50]: aet long watcher again......should be ready to bounce
nester [11:51]: back in TZA 30.86
Andrew [11:51]: long LPX 7.81 (triple position)
rw [11:52]: andrew are you familiar with VXX a futures etf i think not sure how it works.
Andrew [11:52]: It represents the VIX
Hank [11:55]: PEIX is showing several hammers last few days and thats my reason to get in @ .52 and hold for several days.
Andrew [11:56]: You aren't afraid of what happened after the buying on 6/30?
bhattelj [11:56]: Is SV down or is it just me?
Andrew [11:57]: Yes, the datafeed has had a problem today.
Andrew [11:57]: I'm still geting some Traps coming through though
rw [11:57]: bhattelj.....they are working on sv.......
Hank [11:58]: Andrew, sometimes I go by the patterns and hammpers, and it often gives buy signal, mind you every thing is risk.
bhattelj [11:58]: ok Thanks!!
DJalecC [12:02]: has the market peeked and going down now? What does everyone think?
Andrew [12:03]: I think the trend is still down until SPY starts holding above 110.40 or so for about 15 minutes.
Andrew [12:03]: 111.40 I mean
DJalecC [12:03]: what about for the next few days Andrew? Heading south you think?
lindo [12:04]: Dow is down 13, nsdq down 11, S&P down 3
Andrew [12:05]: I'm not sure. It looks like there is still a lot of room for a pullback on the daily chart but the buyers the last couple of days haven't seemed very weak yet.
ortrade [12:06]: till now the market has been the copy cat.
fw [12:06]: morning all
Andrew [12:06]: Today has felt pretty bearish yet we're only down -6 in the dow
DJalecC [12:07]: SV Dow says +12.26 but google Dow says -19.60... I'm going with google today as SV is broke...
Andrew [12:08]: Yes the indicies in SV aren't updating properly due to the SV datafeed issue.
rw [12:08]: DJalecC: SV is not broke they are making some adjustments
rw [12:08]: datafeed issue........be patient
DJalecC [12:08]: feels pretty broke to me RW, no offence of course! :-)
ortrade [12:09]: copy cat like any other pattern in nature it is subject to basic symmetry group operations. Useful to get familiar with those to identify patterns. It is also subject to various defects (cond. matter)
rw [12:09]: I understand ortrade -
rw [12:09]: DJalecC: THey are adjusting the datafeed now ---
Andrew [12:10]: out half PCBC +1.2%
Hank [12:10]: ortrade just paying attentiion here is making me hungry, tea and biscuits anyone.
DJalecC [12:10]: I'm just trying to get the feel of the general direction so maybe I can buy FAZ and go out for the day... if its going to be a down few days of course ;-)
rw [12:10]: AET look at it......is it a good LONG now
rw [12:11]: very impatient for an answer on AET
Andrew [12:11]: I personally think FAZ should be pretty safe short-term but make sure you have a stop loss in place.
ortrade [12:11]: Hank, SP 500 trading pattern on 5 min today and yesterday look the same just the gap is missing.
Andrew [12:11]: I would pass rw. It's getting kind of overbought. You might want to wait for a pullback to 27.10 if it seems to be holding.
ortrade [12:11]: Lowering the price in relation to yesterday open to obtain todays pattern is a price translation (symmetry operation).
Andrew [12:12]: Trading stocks after earnings though can be tough to read
ortrade [12:12]: Hank, for example rotating a sideways around a point yields a channel (rotation symmetry) and so on.
Andrew [12:13]: added to LPX 7.76 (double position)
Hank [12:13]: ortrade, you got to be sitting down for that . lol
fw [12:14]: FAZ should be pulling down soon...
ortrade [12:15]: Actually I trade mostly standing until tall bar stool ariving, no pressure on lower back.
knight [12:15]: take profit tza 29,2 to 31
Hank [12:15]: ortrade, if the ocean was wisky and I was a duck, Id swim to the bottom and never come up,
fw [12:15]: FAS moving up slowly....
fw [12:16]: which means that most long positions should be pulling up...
fw [12:16]: i think thats how it works..
Andrew [12:16]: short AET 27.32 (triple position)
Hank [12:18]: Andrew AET should be good for at least a week, or close to it. lol
ortrade [12:19]: Maybe why ducks prefer lakes, studied symmetry groups during BA second year, interesting and useful..
Andrew [12:19]: You think it might break down on the daily Hank?
Hank [12:19]: Andrew my histogram showing weakness
Andrew [12:19]: I guess it kind of has actually. Maybe this is just a short-term token bounce.
Andrew [12:20]: out LPX -0.4%
Andrew [12:22]: long USG 12.54 (triple position)
Hank [12:22]: ortrade, ducks are good for food, feathers, and eggs. Not wall mounting. Thats my study. lol
Andrew [12:23]: added to AET short 27.40 (double position)
Andrew [12:24]: added to USG 12.43 (double position)
ortrade [12:24]: Yeah, never mounted duck. I like looking at them on lake.. seem happy and it makes me happy too.. I jog every day half hour like around lake if possible. When ducks are there it makes me happier.
DJalecC [12:26]: L FAZ 13.77 STOP 13.00 enjoy the rest of your day people the garden is calling me ;-)
ortrade [12:26]: lol..
Andrew [12:27]: added to AET short 27.48
ravinmufid [16:28]: Any one there trade uk stock.
Andrew [12:28]: short HOLX 14.28 (triple position)
rw [12:31]: I fish on a 5 acre pond in middle of 280 acres of forest -----ducks are always there =-====7 live there and have nest for small ducks.
rw [12:31]: i fish there most every day
ortrade [12:31]: SV has been tolerating pullbacks against the Bear/Bull score. It seems market direction is trending only if that agrees with what works top 4 or 5 strategy colors.
Andrew [12:32]: added to HOLX short 14.28 (double position)
rw [12:32]: Andrew: Exactly my sentiments on AET but look at where it is going----we were both wrong or early in our diagnosis
Andrew [12:33]: added to MPEL short 3.89
Andrew [12:34]: added to HOLX short 14.32
mktmole [12:35]: Question pls: In Edit Filter, what specifically is a "Gar's cross up" ?
Hank [12:37]: PSUN 4.05
Andrew [12:38]: Where in Edit Filter do you see that?
rw [12:38]: Hank your finaly chart -----is that a 5 or 3 minute
ortrade [12:39]: FAZ 1000s@13.68p
Hank [12:39]: rw 5 min chart.
Andrew [12:40]: added to FAZ 13.71
rw [12:40]: Thanks Mr. Hank.>>,
mktmole [12:40]: Day Trading Long, under Daily Bull, Specific Conditions
Mckoan [12:40]: Mktmole - cross up pertains the the MACD indicator. However instead of wait for one line to cross over another, the Cross Up just wait until one line turns in the opposite direction that the previous way it was trend. Therefore, it creats a V on the uptrend and a ^ if it is turning on the down slope.
karenbcz [12:41]: Bear/Bull Indicator trending into YELLOW territory.
turbo911 [12:43]: Just got back is SV working now?
rw [12:44]: they adjusted the data feed turbo911
jim [12:45]: looks like it is working now
mktmole [12:45]: tks, McKoan. I understand the MACD Cross Up, ...but not what the diff is beween a Gar Cross Up and a MACD Cross Up ?
turbo911 [11:47]: OK thanks........... good to go, time to enter the jungle!
Andrew [11:48]: I'm still liking AET short since the volume above 11.40 has been horrible. I think I need to let it go above 27.60 though.
Gar [11:48]: Good morning. I want to apologize for the down datafeed this morning. My technitian did major server maintenance overnight, and there were unintended consequences. But this had to be done to solve the morning "slowdown" we have been experiencing. Everything appears to be running well again, and the good news is that everything should run more effeciently now.
majour [11:48]: out VMED 20.13 +1.2%
rw [11:49]: thanks GAR- we advised that there were adjustments in data feed.
rw [11:50]: shoulda made fifty cents on AET long
ortrade [11:50]: Exit FAZ -140p
Andrew [11:54]: long S 4.94 (triple position)
Andrew [11:55]: added to S 4.97 (double position)
madriver [12:01]: test
Andrew [12:02]: out USG tiny loss
ortrade [12:03]: When market is sideways dont get bored and look for entries, just think actively, now I am protecting my dogbag. The active work is in NOT ENTERING A POSITION when market is sideways.
rw [12:05]: Andrew - need to terminate the aet mistake
Andrew [12:05]: If S gets above 5.00 again, it should be a good one to watch. It might then go back to highs at 5.08 and if it gets back above that then maybe into the 5.30s where it traded pre-market.
ortrade [12:06]: When market has been sideways for a long time dont get bored and go do something else. Think actively, "when market takes off it will have only few people aboard", stay at trading desk and look for trendline/support resistance crossings.
Hank [12:06]: PSUN on wkly histogram curving up shows well at the moment.
ortrade [12:07]: PATIENCE is MONEY.
Hank [12:08]: ortrade, canu lend me a bottle of wisky, pay yu back in stamps. ok
fw [12:08]: I agree S is getting ready to make move to 5.30 area easily..mabe not today but tomm...or this week...unless some thing really goes wrong..but chances are very good..for a very profitable swing trade
Andrew [12:08]: added to AET short 27.60 (double position)
Andrew [12:10]: The 50-period sma got close enough to my exit point for me to stick with AET a little longer
iswing64 [12:12]: Hi hank..nice to see you back!
Hank [12:13]: iswing64 hi. no takers on wisky trade for stamps yet. another day maybe
ortrade [12:18]: FAZ 1000s@13.74p
madriver [12:18]: Andrew....read the news from yesterday on PCBC....sounds positive
Andrew [12:18]: added to AET short 27.72 (double position)
rw [12:18]: I sure hope the whiskey will be used for health reasons...and not for-----------
Hank [12:19]: rw, I use wisky for paper weights, on windy days.
rw [12:19]: Ok ---that is ok.....
Andrew [12:20]: Yes, news must have been very good with PCBC yesterday.
Hank [12:21]: Soo many bottles ( sorry paper weights) to chose from.
Hank [12:21]: Choose not chose, close
rw [12:21]: better put you on my prayer list Hank....
Andrew [12:22]: The market tends to over-react to news though and PCBC was up 93% in just 2 days. So there could be even more profit taking today.
madriver [12:23]: agree
Hank [12:25]: ortrade this is the shuffle.http://www.youtube.com/watch?v=Hkzi5r8uo0s&feature=fvw
Hank [12:26]: http://www.youtube.com/watch?v=FZxfRpL5GVo try this one.
PA [12:26]: Good morning all Close Pair Trade Sell 315 QID Cover 200 DXD net $ 39.68
Andrew [12:27]: added to PCBC short 1.10
ortrade [12:32]: Interesting Hank, They probably took it from here: http://www.youtube.com/watch?v=TYgl6qfPdd4
iswing64 [12:33]: Add to FOE L..@ 10.29 60min
Hank [12:34]: ortrade, that me and all my cousins on our day outing, just after gone fishing, and duck site seeing.
ortrade [12:37]: I have a record of that one too, http://www.youtube.com/watch?v=Epr9mh2OnTo
Hank [12:39]: ortrade, I think picker is in this music somewhere, just look.
ortrade [12:40]: lol..
ortrade [12:48]: ADD FAZ 1000s@13.7p
madriver [12:49]: is that annoying
Andrew [12:49]: added to PCBC short 1.13
PA [12:50]: Out mini Dow Sept. +$16
ortrade [12:53]: Add to FAZ 1000s@13.68p
Andrew [12:53]: added to FAZ 13.67 (double position)
ortrade [12:55]: Hank, picker troupe and dancer (who can that be?)
ortrade [12:55]: http://www.youtube.com/watch?v=4RWSWHP64Hg&feature=related
Andrew [12:56]: Horrible volume in the market today.
madriver [12:56]: we got the idea Ortrade
madriver [12:58]: stocks should go up ....horrible volume
Andrew [12:58]: out half FAZ -0.7%
jim [12:59]: out ZLC from this morning 1.79 +5%
ortrade [13:00]: Exit half FAZ short +145$p
Andrew [13:01]: added back to FAZ 13.62 (quadruple position)
madriver [13:01]: andrew what is vwap....i have seen you mention it before?
Andrew [13:01]: the volume weighted average price
Andrew [13:02]: It look at what the average share was bought/sold at to see based on volume which side is in control
jim [13:02]: ZLC was 3% not 5% as i stated above sorry
madriver [13:03]: thx
jim [13:06]: Andrew is the same as on balance Vol ?
Andrew [13:07]: added to PCBC short 1.13 (double position)
Andrew [13:07]: I'm not familiar with on balance volume.
madriver [13:08]: good trade on zlc jim
jim [13:08]: On Balance vol seems to work the same but I look them up and report back
jim [13:08]: thanks Mad
Andrew [13:09]: I think it is different since it focuses on what the average price is to see whether the avg. participant is at a gain or a loss kind of like a moving avg.
madriver [13:09]: hank ......what are your setting on the zigzag?
Hank [13:10]: madriver 7ma 30 ma, and watch for the 4/7 up and down days set ups.
Andrew [13:11]: The best way of thinking of vwap is to think of it as a regular moving avg. but one that also takes the volume at each price into account
madriver [13:13]: trying to find it in TOS Hank
madriver [13:13]: zigzag??????
Andrew [13:18]: out S tiny loss
ortrade [13:20]: Exit FAZ +45$p
Andrew [13:28]: out AET -1.3%
Andrew [13:28]: Nasdaq back on lows
ortrade [13:32]: FAZ 1000s@13.72p
DJalecC [13:33]: Yeah, SV is back working... lol, and I'm only $50 bucks down too!
PA [13:35]: Order to Sell Naked FAZ put August 12*300 at 0.32 and Order Short 300 FAZ Stop Limit at 12.00 Good For One Day
Hank [13:35]: DJalecC good, everyone invited for a round of drinks , Ill bring the cheese and crackers. lol
LEECO [13:37]: Paper trade Aug 70 CREE calls (10 Contr) @ $4.80 Stop at $ .75
DJalecC [13:37]: LOL... Hank! Where have you been hank?
Hank [13:37]: other projects on the go.
DJalecC [13:38]: ah... all good I hope ;-)
Andrew [13:38]: Why is tech so weak today?
Andrew [13:39]: short ARNA 6.33 (triple position)
Hank [13:41]: I read the new rules for SV and like the reading. I agree with the new system. Nice rule of every morning.
jim [13:42]: Hank where do I find the new rules
PA [13:42]: Buy mini Dow 1*10466
Andrew [13:43]: www.garsworld.com/forumrules.htm
fw [13:43]: whats wrong with sv...
Andrew [13:44]: added to ARNA short 6.30 (double position)
jim [13:45]: Wow I really like the new rules didn't know they were up
madriver [13:46]: rules were meant to be broken!
DJalecC [13:46]: can we boast about our losses? LOL
LEECO [13:46]: macdriver-are there any of the rules you don't approve?
rw [13:47]: madriver - hope you are not disciplined for your 13:46.
madriver [13:47]: trivia question for today: What state was the first enact state sales tax?
rw [13:47]: oklahoma
madriver [13:47]: nope
madriver [13:48]: somebody
ortrade [13:48]: Exit half FAZ -30p
DJalecC [13:48]: come on FAZ get your bottom up there for once!
Andrew [13:48]: Massachusetts?
jim [13:49]: west virginia
madriver [13:49]: Thx Andrw.....atleast someone answered....strangely enough it was West Virginia
jim [13:49]: 1921
madriver [13:49]: by the way Leeco and rw ....have a little sense of humor...was kidding
LEECO [13:50]: madriver-? please answer my 13:46 Post!
rw [13:50]: LOL-are you sure...?
Hank [13:50]: madriver, question , who wanted the darn tax , $100.00 prized if name the person, year, what he-she clothing colour, and phone number what day of week and month. and how many relatives they have. Need answer in 10 seconds all bets off. lol
madriver [13:50]: I approve all rules but follow none
Andrew [13:51]: lol
rw [13:51]: Discipline develops character
LEECO [13:51]: I have big sense of humor-I like jokes,gags, comedy-I just didn't know you were joking-I was really probing to see if there were an unfair rule!
DJalecC [13:51]: massive buy on BP 10 mins ago
PA [13:51]: Out mini Dow 1*10471 + $ 21
madriver [13:52]: Leeco...those are fair rules as far as I can tell.....nobody here really bothers me much so......
Andrew [13:52]: Waiting for this market to sell off is excruciating today.
rw [13:52]: I love the rules.
madriver [13:54]: of course
Andrew [13:54]: A lot of people seem to be looking for a refuge from a lot of the other trader messageboards out there that get really mean-spirited or just outright free-for-all nonsense.
ortrade [13:54]: Add FAZ 1500@13.72p
madriver [13:55]: andrew...most are free for alls it seems...some people like that I guess
rw [13:55]: i can invite my pastor for a trial in this chat room - and some of the elders.
madriver [13:55]: pastor......
madriver [13:56]: don't bring religion here please...that should be a rule!!!!
rw [13:56]: Reverend - Pastor -------"Shepherd"
madriver [13:56]: carr
Hank [13:56]: YONG 7.90 short reason I see the monthly histogram willing the risk.
madriver [13:56]: or picker
rw [13:57]: I thought anyone was welcome madriver - but what ever
DJalecC [13:57]: why can't people just be nice to each other?
madriver [13:57]: not everyone.....
madriver [13:57]: we are nice...I agree with rw on some things...others not so much
LEECO [13:58]: madriver-Iconsider you an intelligent person as well as a fair and tolerant one-so I value your opinion-I am very tolerant-but don't like to see disruption-spoil the fun & profits
Andrew [13:58]: Everyone is welcome here.
madriver [13:59]: everyone?
madriver [13:59]: somebody call the jailhouse
Hank [13:59]: http://www.youtube.com/watch?v=l9W7BQgBZog
ortrade [13:59]: DJAlec it is a survival thing.. two different ways of survival.. the choice starts early in life.. and hard to turn around..
rw [13:59]: Yes Ortrade
DJalecC [14:00]: SV crashing on me... boo! 6 watchers fired off but the charts did not load and then froze... maybe a glitch?
madriver [14:00]: what are the 2 different ways ortrade
Andrew [14:00]: I mean obviously proselytizing would be unacceptable but pastors and religious people should feel welcome.
carr [14:00]: could be on your end DJ, try restarting
Andrew [14:01]: out ARNA +1.55%
Andrew [14:02]: That helps make up a little for my botched AET trade
rw [14:02]: I was just complementing Mr. Gar and his staff for the great service they did by cleaning up the chat room ---------did not want to upset anyone..............
DJalecC [14:02]: yes, restarted..., but seems to be a Memory leak or something with software... maybe gar should know?
PA [14:02]: Andrew and ortrade this is the information that IB discourage me from shorting stocks and to short Single stock future instead (you may look at it when you have time) http://www.interactivebrokers.com/en/trading/pdfhighlights/PDF-SSF.php?ib_entity=llc
LEECO [14:02]: madriver there are more tan 2-When I returned from Asia after WWII my choices were College engineering instructor, work for a consulting engineer, go with a home building and develpment Co, or remain in the USAF as a field grade officer. I often wonder what the alternative choices would hacver led to
madriver [14:03]: hard to say leeco....can't look back
LEECO [14:03]: Right
Andrew [14:04]: I'm not familiar with those PA. Maybe others here know whether they are good. I tend to prefer simpler instruments. That's why I like stocks so much.
carr [14:06]: DJ, I will let Gar know
Andrew [14:06]: I do think IB's example there greatly exaggerates the costs of regular shorting unless you are planning to short something for a very long period of time.
PA [14:07]: I think so to it sound very expensive for one share
ortrade [14:07]: Thanks PA, the 0.46$ per share is for a 39 day hold comparison. For intraday shorting should be much lower. Best is to contact their rep and have them make calculation for you for intraday.
LEECO [14:07]: I cannot find enuf movement in options trading to achieve risk/reward status!
PA [14:08]: yes ortrade I already wright them as you said.
ortrade [14:10]: Let us know if it comes lower then 0.465$
madriver [14:10]: ortrade...still mad at me?
DJalecC [14:11]: thanks Carr, my list selection (my watch list, master list) doesnt draw itself correctly on my screen, hence the memory leak or something? I dont know to be honest! LOL but hope that helps
PA [14:11]: OK ortrade
ortrade [14:16]: Exit FAZ half position -75p
nester [14:17]: TZA running well now
Andrew [14:17]: Tech is leading everything lower again
carr [14:20]: DJ, are you on a home computer or a business computer?
LEECO [14:20]: STOPPE4D OUT OF cree CALLS pAPER TRADE- @ $2.75 lOSS $80 incl COMM (IN tHEORY) or 1.7%
jolox [14:20]: LEECO......Try options on NEM.......way oversold......had block buster earnings.....PPDI....way oversold...earnings were ok......CVD....way oversold.....has earnings after close today.
ortrade [14:20]: Exit rest of FAZ -160p
DJalecC [14:21]: I'm at home carr PC is mine.
Andrew [14:21]: out half FAZ +1.35%, just lightening up since I took on a lot during the non-volatile consolidation
carr [14:21]: So no VPN or firewall?
Andrew [14:22]: out half MPEL +1.4%
Andrew [14:23]: added back to FAZ 13.80
DJalecC [14:24]: direct internet via router carr, problem is with the software not drawing the box... 'sometimes'... I'll get a screen shot of it next time it happens, is there an email to send it to?
ortrade [14:24]: today just larger and larger head fakes that lead to nowhere..
ortrade [14:27]: Market today if it will exit from this sideways market likely it will go up. For now I will stick to my rule and NOT TRADE this sideways.
HAL 2010 [14:28]: DJalecC......I will talk to your computer and try to fix your problem. Computer to computer.
madriver [14:28]: HAL 2010 to the rescue
Andrew [14:29]: short MBI 8.72
stkmrkt [14:29]: mbi
Andrew [14:30]: tripled up on MBI short 8.71
DJalecC [14:30]: Hal, thanks but its OK at the moment, I'll send over screen shot next time it happens.
Andrew [14:30]: MBI came through as a reverse trap door, it might be some kind of upside capitulation to take out short sellers' stops above yesterday's high.
Andrew [14:31]: out 1/4th PCBC +1.1%
Andrew [14:31]: out another 1/4th PCBC +1.1%
HAL 2010 [14:32]: Your computer said you are mean to it and use vile language when addressing it. It wants to take a nap and leave cookie on plate in front of it.
ortrade [14:33]: Today consolidation on FAZ is to discourage traders from using large amount to make profits in narrow ranges. Hence the the giant green bar at 2.15pm
ortrade [14:34]: FAZ 1000s@13.77p
PA [14:35]: ortrade this is their response: Kindly note that you could use the SLB tool in Account Management to check the indicative borrow rates. Kindly note that should you open and close a stock position within the same day, you will not be charged interest.
I would assume that they mean borrowing cost and mean no extra cost than selling long for intraday short. What do you think.
lindo [14:35]: HAL lol
ortrade [14:37]: Interesting I called them few years ago as mentioned earlier. At the time it cost more intraday to short but as I mentioned it was negligble. That is good news.
PA [14:38]: Thanks ortrade and Andrew and Good Bye all I have to go now.
Andrew [14:39]: out rest of MPEL +1.7%
ortrade [14:39]: bye PA.
Andrew [14:39]: I think I better stick to just scalping out most of these shorts pretty quickly given how sideways things have been recently.
Andrew [14:39]: Bye PA
Andrew [14:40]: added to FAZ 13.80
Andrew [14:41]: added to MBI short 8.67 (double position)
jolox [14:44]: LEECO....Also CMP....down 4 today......way oversold...earnings beat street....XEC....earnings on 8-4....suppose to do $1.62.....scads of cash
jim [14:48]: L FAZ 13.84
Andrew [14:49]: out 1/3rd HOLX +1.1%
Andrew [14:50]: out 1/6th FAZ +1%
jolox [14:51]: LEECO.....WCC.....earnings just beat street...way oversold...Also MRVL.....everyone who owns it ...hates it.....maybe buy puts.
Andrew [14:52]: out rest of HOLX +1%
Andrew [14:58]: out another 1/4th PCBC +4.6%
ortrade [15:03]: Exit FAZ -150p
Andrew [15:03]: out 1/5th MBI +1.1%
JayBird [15:03]: Bye everyone...off to Glacier Park then catch the train to Salem, OR. Be home Saturday. See ya Monday.
Andrew [15:04]: Have a good trip.
ortrade [15:05]: Likely stop trading today -450p for the day that is gave away around of 1/3 of this week gains.
Andrew [15:05]: out another 1/6th FAZ +1.14%
Andrew [15:05]: 1.4%
jim [15:05]: I see another head fake developing with bozo pulling us near the close
Andrew [15:06]: out rest of MBI +1%
Hoecake [15:06]: Hoela everyone
jim [15:07]: out faz 13.91 +.5%
Hoecake [15:07]: Are we ready for a small downtrend for a couple days?
Andrew [15:08]: added back to FAZ 13.90
Andrew [15:08]: I'm not sure. The selling volume today hasn't been too impressive.
Andrew [15:09]: added back to PCBC short 1.08
Andrew [15:11]: out 1/5th FAZ +1.5%
nester [15:12]: i hope so... i still see this from a "downtrend" viewpoint
Andrew [15:12]: Me too nester
nester [15:12]: TZA is a great ticker today.
Andrew [15:13]: There were some really nice longs today despite being in bear market.
jim [15:16]: looks like spx may be bouncing off of s2
Andrew [15:23]: out 1/3rd PCBC +6.1%
Andrew [15:23]: out another 1/5th FAZ +1.5%
Andrew [15:23]: out another 1/3rd PCBC +5.2%
Andrew [15:23]: long AFFX 5.16 (triple position)
ortrade [15:24]: FAZ 3000s@13.95p
jim [15:24]: L ZLC 1.76
iswing64 [15:24]: Faz aug 14 calls @ 1.10
Andrew [15:26]: AFFX is from BIg Cheapy Action and has Big Buy Volume and is breaking out
madriver [15:26]: that one was on oversold for a week or so
Andrew [15:27]: It had a monster gap down earlier in the month. The gap fill would be up at about 5.50. I doubt that's likely in the last 30 minutes though.
Andrew [15:27]: Maybe there can be a huge surge to 5.30 or something like that in the last 10 minutes.
nester [15:28]: stopped out TZA +3.4%
Andrew [15:30]: long S 4.89 (triple position)
Andrew [15:30]: out rest of FAZ +1%
Andrew [15:32]: added back to PCBC short 1.08 (double position)
Andrew [15:33]: back in FAZ 13.88 (triple position)
ortrade [15:33]: Exit FAZ short +101$p
Andrew [15:33]: added to S 4.87 (double position)
Andrew [15:36]: added to S 4.85
Gar [15:39]: Good to see some red finally. For me, a red market is much easier to trade.
carr [15:39]: Hi Folks,
In the interest of honest posting, here are the trades I made last week when I was not posting my results.
CALL (ALGN) JUL 17 10 $17.5 (100 SHS) 07/19/10 20 -$108.23
CALL (BPFH) JUL 17 10 $7.5 (100 SHS) 07/19/10 5 -$711.72
CALL (FNMA) JUL 17 10 $1 (100 SHS) 07/19/10 40 -$116.46
INTERMUNE INC COM 07/19/10 100 -$76.91
RINO INTL CORP COM 07/19/10 100 -$1,313.96
CALL (SEED) JUL 17 10 $9 (100 SHS) 07/19/10 10 -$210.14
CALL (SEED) JUL 17 10 $11 (100 SHS) 07/19/10 10 -$294.04
SANTARUS INC 07/19/10 1000 -$1,153.85
CALL (VVUS) AUG 21 10 $5 (100 SHS) 07/21/10 5 $205.20
Andrew [15:39]: back short IDTI 6.08 (triple position)
Andrew [15:39]: Yeah the bears have returned somewhat.
LEECO [15:40]: More wishy-washy-squirrely market-up a small bit down a small bit no strong trend-hard to trade-Bears are due
Hank [15:40]: carr that list looks like my wifes shopping list , lol
Gar [15:40]: carr, you gotta do better than that!
LEECO [15:41]: carr -lots of minuses-that's why I've been sticker to Paper trades-alsogetting minuses I have posted
Andrew [15:41]: I wonder if the bozo buyers will be back in full force the next 20 minutes.
carr [15:42]: Yes, I know, that is all about not using stops and needing some cash.
carr [15:42]: Yes Hank, my wifes too
LEECO [15:43]: The best trades I've made this week are selling covered calls and I posted those
Gar [15:43]: If I had to critique the trades, knowing nothing else, did you find it strange that your only solid winner was the one you had the least size trade?
carr [15:43]: We all need to post our wins and lossed, that is how we learn.
Andrew [15:43]: added to IDTI short 6.09 (double position)
DJalecC [15:43]: There was a lot of reverse swaps at open the last few days that got me too! nasty, I took a 3k loss the last 2 days.
jolox [15:44]: Why is Carr in a Supervisory role with that trading record?? Shades of rw.
ortrade [15:44]: Gar that may have to do with what looks to be the safest trade is often the riskiest.
carr [15:44]: Hey Jolox, you don't know my annual track record,
Andrew [15:45]: Why would one month of trading affect someone's ability to be a moderator?
jolox [15:45]: 89K LST YEAR......DWN 6K THIS YEAR....RIGHT.
Gar [15:45]: ortrade, maybe, but what I was eluding to is that all trades should be roughly the same size. Because you can never second guess which ones will work.
Andrew [15:45]: You should do a webinar on how to learn from your losing trades sometime Gar.
carr [15:45]: I make mistakes like anyone else, but I earn a good living at this. This is a one week group of trades.
Gar [15:46]: carr, you need to attend the webinars...lol.
nester [15:46]: TZA long @ 31.72 going to hold a small position overnite for the gap in the morning...
Gar [15:46]: In the old training course, I had a section, "Debugging losing streaks."
madriver [15:46]: boy,,,,you don't need me to start the fighting..
carr [15:46]: Gar, I am signed up for everything that is scheduled, and will continue to sign up because I beleive in learning from others.
Gar [15:47]: I know carr, I am kidding really. Because I know you do sign up.
jolox [15:47]: What did I learn from this......don't embarass yourself by posting losing trades.
carr [15:47]: I know you are Gar, but these webinars are really important.
carr [15:48]: I am not embarassed by posting losing trades, we all win and loose, there is nothing wrong with loosing.
Gar [15:48]: Seriously you guys, if you want to learn more about trading these down markets, you gotta register for tomorrow's webinar. It's all about trading a bear market, and without going short. You should get back the webinar fee in one trade. Time is running out, however, it's tomorrow night. www.garsworld.com/webinars.htm .
madriver [15:48]: loosing your belt
ortrade [15:49]: Thank you carr for posting your trades. This chat room is about learning from each other.
jolox [15:49]: man.......Do I have a bridge in Brooklyn for sale...you want to buy it ?
Gar [15:49]: Trading in down markets is my specialty. Not because I am so smart, but because I learned all about trading in one of the worst bear markets ever.
jim [15:50]: GAR I will sign up after the close
Andrew [15:50]: out S -1%
Andrew [15:50]: out AFFX no gain/loss
DJalecC [15:50]: volume is so low today
Gar [15:50]: Hey, very cool jim. By the way, in this one, my intent is for people to walk away with a very clear understanding. LOTS of examples.
jolox [15:50]: Can always say......on paper !!
Andrew [15:51]: My hedge longs didn't really do anything good. Hopefully my shorts will work for me now in the last 10 minutes.
Gar [15:51]: Incidentally, everyone who signs up will get on-demand recasts of the event. So even if you can't make it to the live session, you can still see it.
jim [15:51]: out ZLC 1.79 +1.5%
madriver [15:52]: make money in bear market by buying oversold...like AFFX
Gar [15:52]: That's one way mad. I did triple digit gains in 2001-2002 not shorting a single stock, and the market declined double-digit percentages.
madriver [15:52]: don't buy it now,,,,just saying it was oversold for about a week
Gar [15:53]: Oversold is tricky. Because more often than not, a stock that is oversold will continue to be oversold longer than you think.
Andrew [15:53]: out 1/3rd PCBC +3.6%
madriver [15:53]: another way is to not listen to Ortrade
Gar [15:53]: Oh come on now...
madriver [15:54]: gar....ortrade and I are at odds for some reason
Andrew [15:54]: There have been some really interesting setups in Big Cheapy Action the last couple of weeks. I think I've been neglecting that too much. I set up an inverse one for shorts as well.
Gar [15:55]: Could it by chance have anything to do with hurling insults...?
madriver [15:55]: gar....no..go back and look
Gar [15:55]: Andrew, that's interesting, because one of the indicators for a soon-to-be downturn is heavy speculation on cheap stocks.
carr [15:55]: People, this forum is all about honesty and integrity. we have had some who only post gains, but by posting gains and losses people on this forum can learn from mistakes. I don't trade paper, and cannot use that as an excuse. In 2009 I made $96,666.01. This year I am down just over $5k. Some bad decisions on my part, but I have mitigated the bad decisions by learning from people like Hank, Jim, Andrew and Ortrade, and most of all from Gar's seminars, and his book.
Andrew [15:56]: out IDTI tiny gain
Hank [15:56]: Andrew , I agree with you, the settiing are different but golly they work excellent when the market is in favour
Andrew [15:57]: They seem to do their own thing more rather than moving in lockstep with their sector or the market overall.
jolox [15:57]: Gar......How much you paying Carr?
Gar [15:57]: Hank is right, you really want the market on your side to go long on beakout-ish stocks. Breakouts are powerful in upturns, but they can be a disaster in downturns.
iswing64 [15:58]: Out F tiny gain
Andrew [15:58]: out another 1/3rd PCBC +5.4%
Gar [15:58]: $0
Andrew [15:58]: out FAZ tiny gain
DJalecC [15:58]: holding FAZ overnight...
iswing64 [15:58]: Out FOE both positions..+16%
jolox [15:58]: I think you should run for public office with Carr as campaign manager.
ortrade [15:59]: Exit FAZ 1500s +65$p
jolox [15:59]: Senator Crandall....
Andrew [15:59]: out rest of PCBC +4.5%
jim [15:59]: nice trade swing
carr [16:00]: Jolox give it a rest
jim [16:00]: nice trade andrew
iswing64 [16:00]: thanx jim
Hank [16:01]: Andrew/iswing64 winners circle, meet you guys at the track sharp post time. 7.45 pm
ortrade [16:01]: In sideways market in particular when BEAR/BULL has a definite direction one should look further confirmation from What Works that is startegy color should be aligned with bear/bull.
Andrew [16:01]: Thx, it came close to stopping me out earlier but it never got beyond the previous support level of 1.16 (and as soon as there was a 1.16 offer, another seller immediately came in to undercut it at 1.15).
Gar [16:02]: Speaking of bear/bull, it snapped way bearish on the re-balance.
Andrew [16:02]: There will probably be a lot of support for PCBC near 1.00 tomorrow.
Andrew [16:03]: Maybe there will be a steady return to a stronger bear market in the coming days.
Andrew [16:03]: The low volume suggests that lots of people are waiting to see what the job number is tomorrow morning.
Andrew [16:04]: The new jobless claims I mean
madriver [16:05]: boy after reading all this nonsense I'm no signing for the webinar!!
Andrew [16:05]: What nonsense?
Gar [16:05]: Thank you for that comment mad. That's realy support for our services...
iswing64 [16:06]: ??
madriver [16:06]: you got all these people kissing butt.....god it's absurd
iswing64 [16:07]: Ahhh see you guys..have a good one!
jim [16:07]: Gar i signed up
DJalecC [16:07]: enjoy your evening people... ;-)
Gar [16:08]: Thanks jim! And that is notwithstanding the weird comments here...
Andrew [16:08]: I think the people you think are kissing are up are actually being 100% genuine.
Gar [16:08]: (not by you, but a couple of others).
madriver [16:08]: in your opinion
Andrew [16:09]: yeah
Gar [16:09]: madriver, your problem is...what again? I am missing something.
LEECO [16:09]: BOZOS styrike againa6t 3:41 DOW was -45, now -39 & Vol -53% to-18%
jolox [16:09]: Wierd....is Al Yankovich !!
Gar [16:09]: There's an issue with people wanting to help me and support the product?
T1M [16:10]: Gar: what are the recently added "Specific Conditions": Gar's Curve Up/Down and Gar's Cross Up/Down ? They don't appear to filter anything and will not retain that they were checked... some pending new feature ?
Gar [16:12]: Oh, I think those checkboxes were something I was working on, but not implemented. hey should have been removed (for now).
bfez [17:06]: Andrew, are you still on?
Andrew [17:06]: Yeah
bfez [17:07]: Do you remember last month I came on for a day and gave some day trading points of potentiak
bfez [17:08]: potential reversals? Was called a guru.
Andrew [17:09]: Was that in May?
bfez [17:09]: Possibly. You even said "Good call".
Andrew [17:09]: Yeah. Have you been doing really well stuff like that?
Andrew [17:10]: with stuff like that
bfez [17:11]: My real time software calculates five lines. The center line is Pivot Point and there are two lines above and below the line.
Andrew [17:12]: Do you look at those just for the sectors or individual stocks too?
bfez [17:12]: The Pivot Point is calculated by using yesterday's h,l,o,c and remain the same throughhout the trading day.
Andrew [17:12]: I think Gar is going to be adding pivot points and those lines to the next version.
bfez [17:13]: All individual stocks. It's based upon articles written in Sock and Commodities Magazine and written in a book.
bfez [17:14]: GREAT! It really is helpful to the day trader, and it's uncanny how much they help.
Andrew [17:14]: I put them up on my charts too.
Andrew [17:14]: They worked really well for SPY today.
bfez [17:14]: Do you agree?
bfez [17:15]: GREAT!
Andrew [17:15]: Yes. I think especially when the volume is low areas of potential support and resistance tend to hold better.
bfez [17:16]: That's correct, and it's being used by many traders. There are rules though, and Gar needs to be mindful in a tutorial.
Andrew [17:16]: I don't really have a strategy just based on using them but they are definitely an additional factor for me in deciding whether or not to do a certain trade.
Andrew [17:17]: or where to take a lot of profits/losses
Andrew [17:17]: How long have you been using them for?
bfez [17:18]: I have the book and would be happy to tell Gar the rule in the book. Andrew, I'm happy that your using them. Got to go now. Family already at dinner table.
iswing64 [17:18]: DOW 60 min chart possible dmi cross (-dmi crossover +dmi bearish) for thursday..60 macd.and stochastics..down..
bfez [17:18]: About a year.
Andrew [17:18]: Have a good evening.
bfez [17:19]: I'll talk again.
Gar [18:12]: A reminder of tomorrow's webinar. Lots of people registered after the market closed, which is excellent. We still are not max'd out. Topic will be Trading a Bear Market Without Shorting. Tomorrow, 8PM-eastern, live web seminar with many examples. www.garsworld.com/webinars.htm
rw [21:32]: thanks bfez also Andrew ----I appreciate all the discussion....
rw [21:37]: I would report my long term investment trades but not sure how to do it ---I could report assets on hand start of a month and on hand end of a month.....I have mutuals, bonds, stocks, shorts, etc - But I do report my daily trading loss - gain on each trade.
rw [21:57]: test
rw [21:57]: test
rw [21:57]: test
truth [22:07]: i see forum full of insults yet again.....madriver, jolox should both be banned in my opinion....Carr thank you for your integrity, also thanks to Jim, Hank, Andrew
lstcause [23:52]: hay gar if a stock has a good rating does that mean that is going to be a good be a good bet to buy it. Or does it mean that it has already done well and could be at the end of its streak.
moby [23:54]: it means that the stock has several positive indicators at once and is a good stock to consider if it fits into your trading style
lstcause [23:57]: how often are the scores right. It seams to me that it really only makes sense to buy the best scores
moby [23:59]: it has a higher chance of being right...but you still have to make a decision based on your criteria, for example if you like stocks that are crossing above a 50 day moving avg and it has a high rating chances are better if it has a hgh rating
moby [0:00]: pick a stock with a high rating that you think has a good looking chart and volume and plunk it into the SV papertrader
lstcause [0:01]: it would be nice if the score was explained on the graph or in a list so i could pick from the indicators i like. Are the scores based on any news?
moby [0:02]: as far as I know they are based on indicators like macd turning positive, increased volume and others that I do not know
lstcause [0:02]: moby what is the volume of a stock?
moby [0:03]: how many shares a stock trades, for example many will not trade a stock if it trades less than 500,000 shares a day
moby [0:04]: SV mostly has stocks that trade atleast 300,000 shares a day for the last 30 days
lstcause [0:05]: see that is what i am talking about it seams that a high score indicats that a stock HAS done well so with a of the ups and downs of the market a high score would make me think that it is not going to keep going up. like if the weel hits red six times in a row it is gonna hit black next.
moby [0:05]: I know you watched the video but I would watch it again and again another time after that
moby [0:07]: that's true but I would not make a trading decision based on that it went up say 4 days and that it has gone up enough and ready to go down
moby [0:08]: same with a stock that is going down, personally I will not decide that a stock has gone 5 days in a row and it is now due to go up
lstcause [0:08]: i watched the viedo three times! i did not get much info out of it i think gar could do much better half of it is him waiting for the computer to work then some random stuff with no direction.
moby [0:09]: send him an email and ask a question he will answer it for sure
lstcause [0:09]: good point
moby [0:09]: also mention in the email what kind of specific info you would like to see, it will make the next webinar even better
lstcause [0:10]: well i kind of need a lesson for a first timer. any other good videos you could recomend
moby [0:12]: he will be doing more and he is open minded so don't be shy to ask for stuff you want to see
moby [0:13]: he has a few on utube, google utube stockvision and also watch his Oracle Trader utube videos that was the name of the company when he started it back then
lstcause [0:13]: a step by step video of how to use SV and what all the terms mean and what all the indicators are would make me feel a little more like i know what is going on.
moby [0:15]: there is more info on the tutorial section
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