09/02/10
09/01/10
08/31/10
08/30/10
08/27/10
08/26/10
08/25/10
08/24/10
08/23/10
08/20/10
08/19/10
08/18/10
08/17/10
08/16/10
08/13/10
08/12/10
08/11/10
08/10/10
08/09/10
08/06/10
08/05/10
08/04/10
08/03/10
08/02/10
07/30/10
07/29/10
07/28/10
07/27/10
07/26/10
07/23/10
07/22/10
07/21/10
07/20/10
07/19/10
07/16/10
07/15/10
07/14/10
07/13/10
07/12/10
07/09/10
07/08/10
07/07/10
07/06/10
07/05/10
07/01/10
06/30/10
06/29/10
06/28/10
06/25/10
06/24/10
06/23/10
06/22/10
06/21/10
06/18/10
06/17/10
06/16/10
06/15/10
06/14/10
06/11/10
06/10/10
06/09/10
06/08/10
|
StockVision
Chat Blogs
Chat
is taken from the
live forum in our
stock screening
software which you
can download
and try for FREE.
Forum date: 05-04-10
nester [7:29]: NEW YORK (AP) -- Stock futures fell Tuesday as investors remain wary of European debt problems.
Investors have been conflicted in recent days, buying up stocks one day only to sell them off the next as upbeat domestic economic reports are offset by worries about debt problems overseas and a potential overhaul of financial regulation.
Debt problems in Europe are again a worry Tuesday. Investors will, however, get reports on factory orders and home sales later in the day that are expected to show the economy is improving, which could spark a rally.
European markets dropped because of ongoing worries over whether a $144 billion bailout package for Greece will be approved by other the 15 other European Union members that would foot much of the bill. The cost of the Greek bailout package could make it harder for the EU to rescue other countries that might face similar debt woes.
nester [7:30]: BERLIN, May 4 (Reuters) - Greece must raise funds from capital markets to meet part of its financial needs not covered by an international bailout, German government officials said on Tuesday.
Economy Minister Rainer Bruederle said the package agreed for Greece is not intended to cover the country's entire financial requirements for the next three years.
Earlier, a well-placed government source told Reuters that Greece's capital requirements until 2012 are greater than the 110 billion euros included in the euro zone and IMF rescue package agreed by European finance ministers on Sunday.
nester [7:31]: Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
http://finance.yahoo.com/news/Zacks-5-Rank-Additions-for-zacks-1427164459.html?x=0
nester [7:31]: Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today:
http://finance.yahoo.com/news/Zacks-1-Rank-Additions-for-zacks-646245646.html?x=0
nester [7:33]: CHARLOTTE, N.C. (AP) -- Interest rates rose in the bond market Monday after positive economic data and a deal to combine United and Continental Airlines raised expectations about the economy.
Stock prices rose after reports on improvements in manufacturing, construction and consumer spending and the airlines deal. The Dow Jones industrials rose 143 points. The stock rally reduced demand for safe investments like Treasurys.
nester [7:34]: FRANKFURT (MarketWatch) -- Oil futures dropped below $85 a barrel on Tuesday, as the dollar's strength and expectations of build-ups in U.S. petroleum supplies weighed on prices.
nester [7:36]: LONDON (MarketWatch) -- European shares fell on Tuesday, with banks down as worries about the financial health of Southern European countries resurfaced, while miners were slammed by a proposed tax hike in Australia.
picker304 [7:45]: Good morning nester
picker304 [7:45]: Welcome new and trial users
We hope you are enjoying your visit. Here in the chat room traders post their trades and knowledge. During trading hours things move much quicker and if traders don’t respond to your concerns please don’t assume they are ignoring you but may be busy with trades and other responsibilities. To better serve you an alternate board has been created that will jump start your success. Please go to http://www.stockvision.proboards.com/ select the board titled Trial users quick start guide and read FAQ and FYI section
nester [7:46]: morning Pick
carr [8:09]: Good morning nester madriver picker and all
nester [8:09]: morning carr
nester [8:11]: banks are down this morning
Hank [8:13]: Morning all
Hank [8:14]: CRXX 1.66/1.91 .25 15 %
carr [8:15]: morning Hank excellent on CRXX second day in a row you made money on it
Hank [8:16]: morning carr, found that on cheapbreakouts,
nester [8:16]: great call Hank.
carr [8:17]: morning rw
Hank [8:17]: morning nester , thanks
rw [8:19]: morning Carr- Morning othrs - Hank, mr. Nester, Picker - sshoroff100 signals and others
Hank [8:20]: rw morning
nester [8:20]: morning RW.
Hank [8:21]: CNXT 3.20
JayBird [8:26]: Economic and earnings data schedule for May 4, 2010
(all times are US ET)
10:00 March Factory Orders
10:00 March Pending Home Sales
16:30 API Crude Oil/Gasoline/Distillate Inventories
17:00 ABC Consumer Confidence
Earnings
Before the Open: LNT, ALVR, AMT, ASCA, AHII, ADM, ARM, BHI, BZH, BBG, BLT, BYD, BPSG, BTUI, CAB, CKP, CWEI, CTSH, COCO, CRTX, CVS, CYNO, DIN, DPZ, DUK, EE, EMR, FE, FMER, FDP, FNDT, FSIN, GET, GLT, WOLF, HAE, HW, HNT, HSIC, IKAN, IPXL, NRGY, IRC, MAC, MMP, MRO, MMC, MLM, MA, MRK, TAP, TYPE, NCI, NI, NYX, OZM, OSG, PTRY, PRX, PMT, PFE, PTEC, PNCL, POR, RIGL, RBA, RDC, RTI, SRE, SIRI, SE, JOE, SHOO, SU, THC, TEVA, TRI, VNO, WTI, WLK, WEC
After the Close: TDSC, PAR, AIMC, ACAS, AMMD, ARP, AGII, ATML, ATW, BIO, BRE, BWY, CLMS, CBM, CHSI, CEPH, CHK, FIX, DRH, DGI, DM, DLLR, DBTK, ECLP, ENH, ESE, ESLR, XCO, FRT, FEIC, FRPT, GLUU, LOPE, HLS, HT, HRC, IDTI, IPI, JCOM, JKHY, KNXA, KFRC, KND, KGC, XPRT, MASI, MWA, MYGN, ONXX, OPEN, PEET, PXD, RHB, RJET, SBAC, SYMM, SVR, TAL, TE, TRLG, UDRL, UNM, USU, VOCS, WTS, WWWW, WBMD, INT, WMGI, XL, ZIPR, ZGEN
karenbcz [8:34]: and YRCW!
karenbcz [8:42]: RW: Looks like YRCW will prolly gap UP, not down: "the company repaid $29 million on its asset-backed securitization (“ABS”) facility primarily from collections of its fourth quarter revenues. At March 31, 2010, the company reported cash and cash equivalents of $130 million, unused revolver reserves of $107 million and unrestricted availability of $4 million under the company’s $950 million revolving credit facility. " "Our operating results improved sequentially throughout the quarter as reflected in our adjusted EBITDA of $(27) million in January, $(21) million in February, and $(5) million in March,” added Sheila Taylor, Executive Vice President and CFO of YRC Worldwide. “We continue to remove additional cost from the business and more effectively manage our working capital, which has allowed us to preserve liquidity under our credit facility.”
LEECO [8:43]: morning nester, picker,carr,hank,rw,JB,karen,
nester [8:44]: Morning Sir
karenbcz [8:44]: Morning all! :>)
kotarah [8:47]: YRCW YRC Worldwide beats by $0.15, misses on revs (0.60)Reports Q1 (Mar) loss of $0.33 per share, excluding non-recurring items, $0.15 better than the Thomson Reuters consensus of ($0.48); revenues fell 29.3% year/year to $1.06 bln vs the $1.11 bln consensus.
Andrew [8:47]: Good morning.
karenbcz [8:47]: Here are my penny pics for today w/ yesterday's closing prices ... FBP @2.06, PCBC@1.41, CPF @ 2.07, YRCW @ 0.60, ARYX @ 0.81, BIOF @2.37, INOD @3.40. For safety, Do your own DD.
karenbcz [8:49]: I just lookd at chart of INOD .. it already went up 0.10 at the close ... so, may not be a good one for the open.
Andrew [8:50]: Today looks like the biggest gap down we've had in a while.
rw [8:52]: I think DPZ is a good gap down play-------COMMENTS please?
LEECO [8:53]: morning andrew,kotar
jim [8:53]: morning all
Andrew [8:54]: Hi rw. I think DPZ looks like a good choice. It's unclear where it will open though - 14.71 bid right now and 15.45 ask.
rw [8:54]: morning Colonel Leeco and Jim, Andrew and Karenbcz
kotarah [8:54]: morning leeco
Andrew [8:54]: Good morning Leeco and everyone.
kotarah [8:54]: Gapping downIn reaction to disappointing earnings/guidance: LF -15.7%, TNL -11.2%, RDN -10.8%, SHOO -7.5%, N -7.3% (light volume), ALVR -7.3%, EMR -6.3%, BZH -6.0%, HOLX -5.6% (also downgraded to Hold at Brean Murray, downgraded to Sector Perform from Outperform at RBC Capital), SGMO -5.4% (light volume), PBI -5.1%, GLRE -3.9% (light volume), BOFL -3.8%, UBS -3.0%, GVA -2.5%, TXRH -2.5%, BZ -2.4% (light volume), VVUS -2.1%, NLY -2.1%, SFSF -2.1% (also announced it will acquire CubeTree for $20 mln in Success Factors stock), VOLC -1.6%, RAX -1.3%.
jim [8:55]: RW agree DPZ looks good
rw [8:55]: thanks andrew - is there a better GAP down out there ----anyone
Andrew [8:55]: I think I'm going to look for a fast bounce in the early morning and then get heavily short.
rw [8:56]: thanks Jim...
jim [8:56]: RW looks like the market is going to gap down therefore gaps down may not work
rw [8:57]: COCO deserves watching --good fundamentals etc ------but as things get better fewer people take classes -----------
Andrew [8:57]: RDN might be interesting RW. It previously has bounced in the 12.90s.
rw [8:57]: Jim -----per the explanation ----I think that the only time to play gap downs is when market gap downs----ANDREW - please explain that--------
rw [8:58]: Yes RDN may be very goode
rw [8:58]: good not goode
kotarah [8:58]: Photronics: Citadel Advisors discloses 5.3% stake in 13G filing (5.60)
Andrew [8:58]: I don't like COCO as much because its daily chart is in a steep downtrend and a ton of volume is caught on the wrong side after the rally yesterday in the last hour.
rw [8:59]: good point Andrew ------Andrew - explain why it is good to play gap downs when market gap down
Hank [8:59]: OCLR huge gap down
rw [9:00]: bad symnbol hank
rw [9:00]: good symbol sorry
Hank [9:01]: OCLR- OCLRD now
Andrew [9:02]: People who trade a lot pre-market are normally not considered to be the smart money so there is often a big reaction beyond what is justified by the fundamentals. Then the big funds step in often and add shares at discounted prices. The specialist also sometimes tries to open stocks extra low since it takes the opposite side of the trades if there is a demand imbalance.
Swami [9:02]: morning
rw [9:03]: thanks andrew
jim [9:04]: L THC 6.15
Andrew [9:04]: When the whole market is gapping down then normally it draws in buyers to the entire market so the overall buying can help boost even companies gapping down an extra amount. Whereas if the market is gapping up, that usually draws in sellers to the entire market so that can further hurt the companies that were gapping down showing relative weakness.
rw [9:05]: appreciate that andrew -----I always thought that way but you explain it where all can understand it
jim [9:06]: thxs Andrew
Andrew [9:06]: It doesn't always work that way, but that's my understanding of the theory.
rw [9:06]: EMR looks good
nester [9:06]: FAZ up this morning
kotarah [9:06]: QCOR
Andrew [9:09]: The gap also works because if the stock has bad news the 'dumb money' retail investors just send in market sell orders for right when the market opens so that can also lead to an extreme over-reaction. The market makers who then take the opposite sides of those retail trades then have an incentive to do even more buying to drive up the price so they can make their own short-term profit.
Andrew [9:11]: There is also further buying from those who were short and were right so they start taking profits once the selling pauses.
Andrew [9:12]: Huge funds that want to sell a ton of shares that day also have an incentive to hold off aggressive selling as long as possible so that the price doesn't fall too much too fast so they can sell more shares at higher prices.
LEECO [9:13]: morning swami---to all check sectors on SV-all green??? & bear/bull moved right since last night ?>
karenbcz [9:14]: "Andrew[8:50 (USA)]: Today looks like the biggest gap down we've had in a while." ... Andrew ... "lunar bounce" to the downside. IMHO, best way to play would've been to buy a cheap ETF @ yesterday's close. Since we were up so much yesterday ... that was the clue, we'd have a down open.
karenbcz [9:14]: (just thinking out loud) :>)
Andrew [9:15]: Yes, that worked have worked out well, but it wasn't ideal since in the last hour we came off of our highs significantly already.
karenbcz [9:15]: Andrew: as per my previous comment ... look at EEV, TZA, FAZ premarket.
karenbcz [9:16]: ANdrew; THAT was the signal!!! (that we'd open down this a.m.) "we came off our highs" .. at the close ... think about it! :>)
majour [9:18]: Morning all
Andrew [9:18]: Yeah good point. I agree with you.
Andrew [9:19]: Today's actually the biggest gap down of 2010 I think.
karenbcz [9:19]: Uh? How do you know? Market not opened yet.
Andrew [9:21]: Based on the futures and where SPY is trading pre-market.
Andrew [9:21]: ...just what I'm extrapolating.
karenbcz [9:23]: k.
Andrew [9:23]: We're still in our range from the last few weeks though - we aren't gapping below it.
LEECO [9:24]: morning majour
Andrew [9:24]: We should be opening pretty close to Friday afternoon's low.
rw [9:24]: karen I need to try and understand why tza was an indicator of a down day today----
Joe47121 [9:24]: All - I've been trying to tweek a screen filter for the MACD daily Histogram but so far have no luck. Any of you looked at this? any luck with it?
Andrew [9:24]: rw, TZA is just a leveraged inverse of the Russell 2000 index.
rw [9:25]: thanks andrew - I knew that ---guess that tza going down late indicated a negative open today
Andrew [9:26]: If you look at IWM (Russell 2000 etf), it finished right near highs so a great lunar short setup, such as buying TZA.
karenbcz [9:26]: RW: go to your stocks tab, and UNCHECK "stocks". Then check Bear ETFs.
rw [9:26]: thanks karen..will do that in a minute
karenbcz [9:27]: you've got 1 minute left. Remember %Gap column is a pre-market indicator only.
Andrew [9:27]: I haven't really used the MACD histogram yet but I think other traders have been experimenting with it. Gar might be the best one to ask.
LEECO [9:28]: morning joe,
karenbcz [9:28]: WHOAAAAAAAAAAAAAAAAAA! HOLY SMOKES!! There's the GAP DOWN on YRCW!!!
karenbcz [9:28]: YRCW just went RED in a hurry!
Andrew [9:28]: Since the market's been kind of range-bound recently rather than trending, I would imagine indicators like the histogram have been leading to more false signals.
LEECO [9:28]: tza is a bear etf
Andrew [9:29]: YRCW looks precarious but it's still within yesterday's range so could be okay.
karenbcz [9:30]: time for blast off!! $$$$$$$
Andrew [9:31]: long FAS 101.17 (1/3rd)
Andrew [9:32]: added to FAS 101.23
karenbcz [9:32]: RW: YRCW doing just as I IM'd you yesterday. :>)
ortrade [9:32]: Good morning
karenbcz [9:32]: tee hee hee :>O
rw [9:33]: Thanks Karen will look at it...forgot that
xxcheck [9:33]: Hey Karen you short YRCW?
karenbcz [9:33]: Whoa! Is that it.
jim [9:33]: L ICO 5.18
karenbcz [9:33]: #*((*% NO!
nester [9:33]: out FAZ lunar +25%
karenbcz [9:33]: xx
jim [9:33]: L HERO 3.87
xxcheck [9:33]: Ahh
Andrew [9:33]: long RDN 13.10
karenbcz [9:34]: XX: Didn't you see my post on SF? I'm holding for $1.oo :>)
madriver [9:34]: 25% good one
xxcheck [9:34]: No missed it sorry
karenbcz [9:34]: Catch that bottom!
xxcheck [9:34]: Watching it
karenbcz [9:34]: 0.53 .. as good as it's gonna get.
Andrew [9:35]: added to FAS 101.64
Andy [9:35]: YRCW isn't listed on Stockvision.....correct?
Sandman [9:35]: VIX up 13.62%
Andrew [9:36]: Yes, its price is too low so it got dropped from StockVision.
karenbcz [9:36]: Andy; NO, YRCW is not on Stockvision. Dont play it unless you like to be AFRAID. LOL!
Joe47121 [9:37]: Thanks Andrew and hello LEECO I'm in CIGX and waiting on the bad boy to rise...
Andy [9:37]: I'm always afraid....might be just the thing for me :-)
karenbcz [9:37]: CIGX @ 1.93 = sweet!
Andrew [9:38]: out RDN +1.5%
rw [9:38]: cigx may be worth a bunch one day---workiing on alzheimers cure and safe tobacco
karenbcz [9:38]: RW: I think CIGX is a scam! LOL!
Andrew [9:38]: short RDN 13.29
Joe47121 [9:39]: CIGX might be a scam....
rw [9:39]: cigx has good products stonewall snuff and some others --------
karenbcz [9:40]: But it's good for trading because it's CHEAP, and volume is high.
knight [9:40]: take profit from RDN 15 to 13,28 part 1
Andrew [9:40]: Taking a chance shorting RDN since it went just a few cents through highs before a lot of sellers appeared.
karenbcz [9:40]: RW: right. "Snuff". How the $&%*&*$% is chewing tobacco gonna "cure" ALzheimers? ROFL!
rw [9:40]: I may very well put 5,000 shares in long term account ---------one day it could be a 50dollar stock if things keep being positive JMO
rw [9:40]: components in nicotine that they are working on
nester [9:41]: back in FAZ $12 calls
karenbcz [9:41]: RW: Actually, I must admit, when I used to chew "nicorette", the gum did make me more alert.
karenbcz [9:42]: Here comes CIGX ...
Andrew [9:43]: Justed noted that the financials aren't bouncing with the market too well.
Andrew [9:43]: out FAS -0.3%
Andrew [9:43]: long FAZ 12.17
Andrew [9:44]: added to FAZ 12.20 (last 2/3rds)
Andrew [9:45]: out RDN +1.73%, will re-short below 13.00
LEECO [9:46]: In FAZ 12.208
karenbcz [9:46]: Whoaaa ... my penny pics doing really BAD ... BIOF @ 2.14 ... THAT'S gotta be a "bottom"!
ortrade [9:46]: MRK 200s@36.01$p
kotarah [9:47]: Qcor
majour [9:47]: add FBP 1.92
Andrew [9:47]: No economic data until 10:30's oil inventories
jim [9:48]: HTRN L 3.38
Andrew [9:48]: long SFI 7.33
jim [9:48]: L AMKR 7.31
ortrade [9:48]: Exit MRK -25$p
Andrew [9:49]: I normally don't trade SFI well, but it's abou the only strong financial stock I see right now.
ortrade [9:49]: NTRI 200s@21.95$p
karenbcz [9:51]: L FBP @ 1.93
Hank [9:51]: SHIP 1.57/1.67 7%
Andrew [9:52]: out SFI +3.4%
Andrew [9:52]: short SGI 7.60
Andrew [9:52]: SFI
Andrew [9:53]: out SFI -0.26%
knight [9:53]: take profit from faz 11,3 to 12,3 part 1
Andrew [9:53]: short SDI 7.66
Andrew [9:53]: SFI
knight [9:54]: add FBP 1.93
ortrade [9:54]: I am surprised that MRK made it that far so early. If it reaches 36.45 I short it.
nester [9:54]: 5%
Andrew [9:55]: out SFI +1%
Andrew [9:56]: back short SFI 7.67
karenbcz [9:56]: L added more FBP @ 1.94
Andrew [9:57]: out SFI -1%
Andrew [9:57]: back short SFI 7.73
ortrade [9:58]: FCH
nester [9:58]: out FAZ +4%
Andrew [10:00]: short RDN 13.09
LEECO [10:00]: STOPPED OUT faz @ $12.16
nester [10:01]: jim - pcbc
ortrade [10:01]: MRK 200s@36.14$pe
LEECO [10:01]: SORRY 12.09
jim [10:01]: Nester yes out a portion PCBC 1.60 +2%
rw [10:01]: ANDREW what part of country do you live in
Andrew [10:01]: Boston
rw [10:02]: thanks
nester [10:02]: in 1.63
ortrade [10:03]: ANN 200s@24.41$pe
usdojpr [10:03]: in amr long 7.38
karenbcz [10:03]: Andy: still here?
rw [10:03]: welcome usdojpr
usdojpr [10:04]: thx
Andrew [10:04]: doubled up on FAZ 12.15
rw [10:05]: going to have a quick bowl of soup....be back ten minutes
nester [10:05]: HERO 3.95
Andrew [10:05]: out SFI +2.7%
ortrade [10:06]: Exit ANN +15$pe
Andrew [10:06]: long SFI 7.55
LEECO [10:06]: Got on the wrong horse FAZ better would have been DXD or TZA
kotarah [10:06]: QCOR
ortrade [10:06]: Exit NTRI -12$pe
Andrew [10:07]: added to RDN short 13.00
kotarah [10:07]: QCOR
ortrade [10:07]: BMY 200s@25.48$pe
karenbcz [10:08]: LEECO: We posted the bear ETFs in pre-market ... EEV and TZA were doing the best in pre-M.
Andrew [10:10]: tripled up on FAZ 12.24
Andrew [10:11]: added to SFI 7.51
nester [10:12]: out PCBC +1.5%
ortrade [10:13]: watching cab for a rebound
Andrew [10:13]: out 2/3rds FAZ -0.69%
jim [10:14]: Nester I think PCBC may be done for the day
nester [10:15]: it is topped right now
nester [10:15]: i'm clear
Andrew [10:15]: added to SFI 7.49
nester [10:16]: out HERO -0.2%
Andrew [10:16]: added to RDN short 13.14
karenbcz [10:17]: Would someone please look at their chart and tell me what you're showing as LOW for PBP?
Andrew [10:17]: out RDN -0.8%
LEECO [10:17]: Thax karen I will pay more attention
Andrew [10:18]: added to FAZ 12.11
Andrew [10:19]: PBP's low is 21.42
Andrew [10:19]: added to FAZ 12.05
karenbcz [10:20]: Yikes! SORRY that was a typo ... I meant FBP
Andrew [10:21]: 1.87 is the low I'm seeing
Andrew [10:21]: It might be a bad print though. 1.91 could be the actual low.
karenbcz [10:22]: Yes. That's what I have 2 diff. lows ... think 1.87 is wrong. THANKS, Andrew.
Andrew [10:23]: out SFI -0.49%
nester [10:23]: jim - it's moving north again.. ???
Andrew [10:24]: short VVUS 10.89
jim [10:24]: yes was just looking at it
nester [10:24]: head fake?
Andrew [10:25]: added to VVUS short 10.98
jim [10:25]: yes head fake
nester [10:25]: won't even try to get in until 1.75 or so
jim [10:25]: I plan to reenter low 1.60's
karenbcz [10:26]: NBG ready to make a run again @ 2.90 now.
nester [10:26]: yes, if it drops. thinking the pivot line of 1.59
karenbcz [10:26]: Love these penny banks! Love 'em!
ortrade [10:26]: Exit BMY -43$pe
karenbcz [10:26]: $$
karenbcz [10:27]: dang it! missed DEAR
ortrade [10:27]: CAB 200@18.74$pe
Andrew [10:27]: back short RDN 13.17
karenbcz [10:27]: I think I'm just gonna trade penny banks. $$$$
ortrade [10:27]: FE 200$37.65$pe
ortrade [10:28]: FST 200@29.47$pe
Andrew [10:28]: long KERX 6.32
Andrew [10:29]: out VVUS +1.6%
nester [10:29]: jim - thinkin this is going to break north quick
ortrade [10:30]: Exit FST -22$pe
jim [10:30]: agree watching
ortrade [10:31]: NTRI 200s@22.04$pe
knight [10:31]: pcbc 1,5
knight [10:32]: take profit AIG from 40,5 to 38,6
sshroff100 [10:33]: how about crbc
knight [10:33]: take profit CPE from 8 to 5,9 part 1
rw [10:33]: emr soon long
Andrew [10:33]: added to RDN short 13.19
jim [10:33]: L PCBC 1.64
Hank [10:34]: COIN 1.17/1.25 7% 04/27
Andrew [10:34]: added to KERX 6.35
nester [10:34]: still looks like it may fall on my charts
Andrew [10:35]: Lots of selling
Andrew [10:35]: out 1/3rd FAZ +1.1%
jim [10:35]: yep got in to early
sshroff100 [10:35]: RTK hold?
Andrew [10:36]: out KERX -0.24%, I don't really like any longs at the moment
Andrew [10:38]: out another 1/3rd FAZ +1.6%
Andrew [10:39]: out RDN +1%
Hank [10:39]: TRMA 2.71
rw [10:39]: forget emr for a while
Andrew [10:39]: KERX wound up going. Oh well.
Andrew [10:41]: out rest of FAZ +2%
karenbcz [10:41]: FBP is rockin'
Andrew [10:42]: long FAS 99.33, full position
karenbcz [10:42]: cigx
karenbcz [10:42]: sorry typo
LEECO [10:42]: karen-Inwas right on FAZ but timing bad-laterb on paper in @ 12.05 out at 12.37 nom dollars went in my account justy frustation
Andrew [10:43]: The market action was tricky in the buying today from 9:45 to 10:15 - the sellers intentionally took a break from being aggressive.
ortrade [10:43]: Exit FE -34$pe
karenbcz [10:44]: LEE: I understand the "frustration" ... inverse ETFs can make u frustrated.
LEECO [10:44]: nesterv & jim per your 10:2910:30 posrts haven't seen that northern move yet-when?
Andrew [10:44]: 117.50 is a big level in SPY - we aren't too far away now
jim [10:44]: out PCBC 1.67 +1.5%
karenbcz [10:44]: too far away from WHAT?
Andrew [10:44]: 117.50 in SPY
Andrew [10:45]: back in KERX 6.32
karenbcz [10:45]: NBG not going the way I expected .. :>(
ortrade [10:46]: Exit NTRI +6$pe
Andrew [10:48]: long SFI 7.35
LEECO [10:50]: nester & jim looks like your northern turn is almost here
ortrade [10:50]: Exit MRK +41$pe
sshroff100 [10:50]: andrew what brokrage you use?
Andrew [10:51]: added to SFI 7.28
nester [10:51]: Leeco - on PCBC?
ortrade [10:51]: Exit CAB +51pe
Andrew [10:52]: I have accounts with MB Trading and Sogotrade
LEECO [10:54]: nester no I meantnon DOW Av turning up
nester [10:54]: oh. sorry, haven't looked at that yet
Hank [10:54]: AKRX 2.56
Andrew [10:55]: out KERX +1.7%
nester [10:55]: PCBC 1.66
Andrew [10:55]: out FAS +0.8%
Andrew [10:55]: long FAZ 12.26
Andrew [10:56]: doubled up on FAZ 12.28
Andrew [10:57]: tripled up on FAZ 12.30
jim [10:58]: L PCBC 1.64
Andrew [10:59]: out SFI -0.9%
LEECO [11:00]: DOW curved back southward
ortrade [11:02]: Unusual activity today market gapped down and is persisting in the gap direction.. that is what happens when too many reports are piled up in few days with not speeches..
Andrew [11:03]: The apparent market breakdown on the charts is getting more support from days like today.
Andrew [11:04]: I doubt the market drops more than another 0.5% today max though.
Andrew [11:04]: out 1/3rd FAZ +1%
Andrew [11:05]: out rest of FAZ +1%
Andrew [11:06]: long FAS 98.99
ortrade [11:06]: MRK 200@35.77$pe
LEECO [11:07]: Gotta rub errands-market too scary for me-put my foot in the water FAZ & a crab bit it
karenbcz [11:08]: LEE: ETFs= heroin of the stock = ruin
karenbcz [11:09]: stock market
nester [11:09]: jim - resting right on the pivot and T3 line. should break in a minute
ortrade [11:09]: Overall when looking at daily indexes the intraday volatility has been huge but the candle descent efficiency on the multi-day has been rather dismal..
Andrew [11:09]: I hate ETFs as well, but with the market volatility increasing and the overall market making clear moves more, I can't resist the last couple of weeks.
Andrew [11:10]: added to SFI 7.20
Andrew [11:11]: I'm back in SFI
knight [11:11]: ADD SEED 8,57
Andrew [11:12]: doubled up on FAS 99.28
Andrew [11:12]: I think there's a chance we just saw the bottom for today.
ortrade [11:12]: IAG 200@17.46$pe
knight [11:12]: FBP is looking to turn
karenbcz [11:14]: which wa?
karenbcz [11:14]: way?
knight [11:14]: take profit FAZ 11,4 t 12,41 on part 2
karenbcz [11:14]: cigx
karenbcz [11:15]: sorry ... wrong monitor
knight [11:16]: take profit CPE 7,8 t 5,81 on part 2
karenbcz [11:17]: Anybody?? Does this mean up or down? knight[11:12 (USA)]: FBP is looking to turn"
knight [11:18]: take profit from HOV 8,02 to 7,3 on part 1
karenbcz [11:18]: oh geesh! i guess he meant down. :>(
knight [11:18]: hov is really easy to trade ....
Andrew [11:19]: back in KERX 6.49
knight [11:19]: FBP is looking to turn up... karen
knight [11:20]: oversold condition
Andrew [11:20]: back short VVUS 10.91
karenbcz [11:20]: k
Andrew [11:22]: out KERX +1.2%
Andrew [11:23]: long RDN 13.10
Andrew [11:27]: added to FAS 98.67
rw [11:27]: EMR came out even 6dollars ahead LOL LOL enough for a watch for wife from Wal Mart
Andrew [11:30]: out VVUS +1%
nester [11:30]: jim - PCBC riding up on the T3 line
Andrew [11:32]: long MMR 11.82
jim [11:33]: Nester I think it may pop but probably not if the market continues south
Andrew [11:34]: out SFI +1.4%
Andrew [11:34]: out 1/3rd FAS -0.1%
nester [11:34]: it looks like it should dart north quick. only trying to get 1% then out
knight [11:36]: what a fun day if you play short yesterday on the high of the day = opposite market work well
Andrew [11:37]: added to RDN 13.02
knight [11:38]: so if we grab bargain now for a up day tomorrow - $$$$
Andrew [11:38]: out RDN -0.9%
jim [11:38]: Nester I am in at 1.64 and have sell in at 1.67
Andrew [11:38]: short RDN 12.93
Hank [11:38]: TRMA 2.71/2.78 2.7%
nester [11:38]: thinking of selling at 1.73
Andrew [11:38]: added to RDN short 12.99
knight [11:39]: FAZ short 12,4
Andrew [11:40]: added to RDN short 13.05
knight [11:40]: RDN 13
Hank [11:40]: AKRX 2.56/ 2.64 3%
ortrade [11:40]: CYTX 200@5.82$pe
nester [11:40]: if the macd flips right here, with the consolidation over the past hour, it should break north to its daytime high again to test it. well, that is what i am betting on...
Andrew [11:41]: out RDN -1%
Hank [11:42]: COIN 1.17
knight [11:42]: they seem try to control our mind - with the greece back and forth news to make move the market in either direction
Andrew [11:43]: long RDN 13.11
Andrew [11:44]: out FAS +0.44%
Andrew [11:44]: long FAZ 12.34
knight [11:45]: Some members of Congress made risky bets with their own money that U.S. stocks or bonds would fall during the financial crisis, a Wall Street Journal analysis of congressional disclosures shows - and after that , they tell us how to do ha ha ha !
Andrew [11:45]: doubled up on FAZ 12.36
ortrade [11:46]: I read somewhere that 90% of money flow in the market is institutional and rest is traders. It means the game is not between traders and institutions but between institutions.. or institutions and silent hand? lol.
Andrew [11:46]: out MMR -0.34%
Hank [11:46]: PWAV 1.48
knight [11:46]: Senators have criticized Goldman Sachs Group Inc. (NYSE: GS - News) for profiting from the housing collapse. And Congress is considering legislation to curb Wall Street risk-taking, including the use of financial instruments known as derivatives and of leverage, or methods that amplify returns.
karenbcz [11:46]: all the finance stocks look ready to turn up .. rdn,nb,ing,ire,std,
Andrew [11:46]: About 60%-70% of the market volume comes from high frequency trading firms that make up a tiny percent of the market participants.
karenbcz [11:47]: my worst fear confirmed ... FBP "turning" down. :>(
wcredle [11:47]: question fom a "newbie" about this software
madriver [11:47]: knocked out 4% on LP
madriver [11:48]: lf not lp
Andrew [11:48]: long VVUS 11.01
madriver [11:48]: LF
wcredle [11:48]: I'm using the papertrade. and my "portfolio" is in this tiny window making scrolling up and down a pain. Is their a option to make it bogger?
karenbcz [11:49]: bbx
karenbcz [11:49]: sorry typo
Andrew [11:49]: Hi wcredle. I don't think there's a way to do that in this version.
knight [11:49]: take profit from Jaso 6,9 to 6,48 - a easy one again
Andrew [11:50]: added to RDN 13.20
ortrade [11:53]: SWI 200@19.01$pe
Andrew [11:53]: out FAZ -0.1%
madriver [11:54]: knight...how long did you hold JASO?
nester [11:54]: PCBC what a chart right now. (5 min) no macd to speak of pirce hasn't moved in a while. Aroon is bad... why did we get in?
Andrew [11:54]: long FAS 99.36
madriver [11:55]: PCBC ...aren't they being taken out??
Andrew [11:55]: long ANN 24.53
karenbcz [11:55]: ETFC trying to go up.
Hank [11:55]: PWAV in at 1.84 not 1.48 sorry my mistake. Time 11.46
nester [11:55]: madriver - they are?
madriver [11:56]: I read something about that one....I'll get back to you
Andrew [11:56]: nester - PCBC seems to be holding up great today considering the market
nester [11:57]: yes. doing ok trying to grab a % or two
knight [11:57]: from yesterday madriver
nester [11:58]: have a meeting. placed a sell at 1.74
madriver [11:58]: This guy Gerald J Ford is paying .20cents a share to prop up the company...that's what it looks like to me. That is what I must of read...it's been a couple days
nester [11:58]: thx
Andrew [11:58]: out VVUS +1.1%
Andrew [11:59]: added to RDN 13.26
nester [11:59]: back in an hour or so...
Andrew [11:59]: RDN has the potential to surge very shortly
ortrade [12:02]: Exit MRK +24$pe
ortrade [12:02]: Exit IAG +36$pe
Andrew [12:05]: short KERX 6.64
Andrew [12:06]: added to FAS 98.94
Andrew [12:07]: back in VVUS 11.02
ortrade [12:08]: SWI trying to wipe some stops..
jim [12:08]: out PCBC 1.67 +1.5%
Andrew [12:11]: out RDN -0.38%, our FAS -0.48%, out VVUS -0.54%, out ANN -0.1%
madriver [12:13]: Does knight daytrade or swingtrade?
Andrew [12:15]: He primarily seems to swing trade.
ortrade [12:15]: IAG 200@17.61$pe
Andrew [12:16]: Lots of charts are getting pretty sloppy looking today heading into mid-day
Andrew [12:19]: out KERX +1.7%
Andrew [12:19]: long RAX 17.10
ortrade [12:20]: Exit IAG -22$pe
knight [12:21]: investing MAdriver ...
karenbcz [12:21]: Watch DRL @ 3.53 for breakout.
karenbcz [12:22]: well, we already missed the low yesterdy @ 3.19, but it's not too late.
ortrade [12:22]: Exit SWI -40$pe
karenbcz [12:22]: U can stil get 0.10
Andrew [12:23]: long KERX 6.49
ortrade [12:23]: Lost of good stocks are going down now..
jim [12:23]: market headed south
Andrew [12:24]: long FAS 97.97
Andrew [12:25]: The S&P is at its 50-day moving avg. I really doubt we break through that much.
ortrade [12:26]: Exit CYTX no gain/loss.
Andrew [12:26]: added to FAS 97.90
Andrew [12:27]: out RAX +1%
Andrew [12:27]: added to FAS 98.18
ortrade [12:28]: market made a lower low on all indexes I wont be taking further longs or shorts for now..
Andrew [12:30]: doubled up on FAS 98.10
karenbcz [12:30]: ORTRADE: same here ... not taking anymore L positions .. wish I didn't have the 4 I have. :>(
Andrew [12:30]: out KERX -0.31%
Andrew [12:31]: tripled up on FAS 98.17
karenbcz [12:31]: 10,884!!! That's a huge drop!
karenbcz [12:31]: DOW
madriver [12:31]: I have to say I don't particularly like THESTREET ...cramer however they were atleast bold and honest to report that Buffett is a bit of a hypocrite. CNBC would never do such a thing
Andrew [12:32]: At these levels, I only really like longs unless I see a really good short.
karenbcz [12:32]: Cramer calling "Buffett a hypocrite"? ROFL ... that's the pot calling the kettle black.
madriver [12:33]: volumes kicked in and people are selling...maybe this start of a pullback??
madriver [12:33]: Cramer did not ...thestreet his publication did
karenbcz [12:33]: "pullback" already started ... IMHO .. this is the correction.
madriver [12:34]: this isn't the correction..1 day
Andrew [12:34]: The S&P has already pulled back 4% from its highs this year.
madriver [12:34]: so we have another 5 to 10%?
Andrew [12:34]: Possibly
Andrew [12:35]: There are tons of levels of potential support though before that where the bulls can get back control though.
Andrew [12:36]: We basically erased all of April's gains though in about 6 days.
ortrade [12:38]: SWI 200@18.97$pe (exception) lol..
Andrew [12:39]: We've also erased more than half of the market's gains on the year already.
Andrew [12:40]: long KERX 6.36
ortrade [12:41]: CYTX 200@5.82$pe
karenbcz [12:41]: GE going up ... if anyone cares.
jim [12:42]: L ICO 4.89
Andrew [12:43]: out 2/3rds FAS +0.8%
ortrade [12:45]: IAG 200@17.27$pe
Andrew [12:46]: back in SFI 7.14
karenbcz [12:47]: GE still going up $18.51 to 18.64 in last 20 minutes.
Andrew [12:48]: out rest of FAS +1.1%
nester [12:48]: jim - you still in PCBC ?
Andrew [12:49]: added to SFI 7.16
Andrew [12:50]: long FAZ 12.33
jim [12:50]: Nester I went out at 1.67 PCBC
nester [12:51]: holding out for 1.74 4.5%
Andrew [12:52]: doubled up on FAZ 12.34
ortrade [12:52]: Interestingly the morning gap down almost doubled till the retracement on the indexes.. If the market closes below the gap down the morning gap contrarian holds will still be at loss..
Andrew [12:55]: out KERX no gain/loss, out SFI no gain/loss
ortrade [12:56]: Exit SWI -36$pe
Andrew [12:56]: tripled up on FAZ 12.36
nester [12:56]: out PCBC +4.5%
jim [12:56]: Way to go Nester good trade
nester [12:56]: that was painful...
Andrew [12:57]: short PCBC 1.73
ortrade [12:57]: Indexes did not make a higher high.. There is a slight dtn consolidation chanell on the indexes..
Hank [12:57]: nester good trade,
nester [12:57]: thx... took all day though
karenbcz [12:58]: FBP going down the gutter.
Andrew [12:59]: FBP is probably close to a place it could bounce.
Andrew [13:04]: back in KERX 6.26
nester [13:04]: think i will just sit and watch the rest of the day.
Andrew [13:06]: added to KERX 6.22
sshroff100 [13:07]: What you think about RTK
ortrade [13:07]: CAB taking off big.
Andrew [13:08]: short CAB 19.98
nester [13:08]: RTK looks decent. been tracking north this past week
ortrade [13:08]: CAB 200s@19.98PE
Andrew [13:09]: This might not work out well if a hedge fund has decided to cover a large position of CAB short today.
Andrew [13:11]: out CAB -0.25%
Andrew [13:11]: long CAB 20.03
Andrew [13:11]: out KERX -0.65%, out PCBC +0.58%
Andrew [13:12]: added to CAB 20.09
Andrew [13:17]: RTK looks very strong but I'm not sure it has much more upside left today since there could be resistance near 1.41.
karenbcz [13:22]: Looking @ that FBP chart .. what the $%)(%$ was I thinking when I bought this @ $1.96 geesh! I need glasses!
Andrew [13:24]: CAB seems like one of those stocks that has the potential to turn into a ginormous short squeeze, but it could also be close to topping out.
karenbcz [13:28]: FBP making LOWER highs today ...
ortrade [13:28]: I expected to catch a retracement on it to the 20MA on 5min chart..
Andrew [13:31]: I'm really surprised it didn't pull back to 19.70 or something already. To me that suggests lots of buyers waiting in big size on the bid.
Andrew [13:32]: out FAZ -0.43%
ortrade [13:35]: Indexes are still consolidating.. and stocks are likely to follow what the market will be doing..
ortrade [13:38]: Exit CAB -56$pe
ortrade [13:46]: CAB 200s@20.10$pe
Andrew [13:47]: I'm stopping out of CAB long at 19.97. I'll be back in a bit.
ortrade [13:52]: FST 200@29.39$pe
ortrade [13:54]: Exit IAG +26$pe
ortrade [13:59]: Exit CAB -70$pe
Andrew [14:00]: out half CAB +1.7%
Andrew [14:02]: long FAS 99.29
majour [14:03]: L HOV 7.2
Andrew [14:03]: short VVUS 11.90
ortrade [14:04]: SFSF 200s@21.24$pe
ortrade [14:05]: BYD 200@13.42$pe
Andrew [14:06]: added to VVUS short 11.90
rw [14:09]: I think we will close around 170 dow down ----
Andrew [14:09]: I think it will be closer to -250
rw [14:10]: will do faz short soon
Andrew [14:11]: out half VVUS +1.4%
kotarah [14:13]: QCIR
kotarah [14:13]: QCOR
ortrade [14:13]: Exit CYTX no gain/loss
ortrade [14:14]: Exit SFSF -4$pe
Andrew [14:14]: out FAS +0.3%
ortrade [14:14]: Exit BYD -20$pe.
Andrew [14:15]: long FAZ 12.31
Andrew [14:16]: out rest of VVUS +2.5%
Andrew [14:17]: doubled up on FAZ 12.35
ortrade [14:18]: Market is not tradable right now.. it has some periods of bullishness followed by irrational and stop triggering persistent weakness.
jim [14:18]: L PCBC 1.63
Andrew [14:18]: Yeah, the easiest money was from 10:15 to 11:00am
ortrade [14:21]: BMY 200s@25.31$pe
ortrade [14:21]: EXIT FST -26$pe
Andrew [14:22]: out 2nd half CAB +2.4%
Sandman [14:22]: After hearing the market was down so much, I feared my stock drop to where I bought it. But I'm up 29.57% From $1.54until right now at $1.99.
ortrade [14:22]: MMR 200s@11.67$pe
Andrew [14:22]: That's good to hear Sandman. Which stock?
Sandman [14:23]: SBSA remember Andrew 4/26/10
Andrew [14:24]: It's looking wonderful
Andrew [14:26]: long VVUS 11.62
Andrew [14:27]: back in CAB 20.65
Andrew [14:30]: out half FAZ +1.1%
Andrew [14:31]: out VVUS +1.2%
Hank [14:31]: Auto-Robot trading system, cause a lot of trades in and out, a bonus for the trading commissions, robots trading are 99% right, but I have not seen the accounts of any one of these , lots of talk, lots of hype and advertisements, they prove what they can do, The braggers say best thing since Ice-cream, we never hear the other side of the robots that make money, Lock-up, freeze,crash, miss orders, and thats when hydro working, now dont be in a trade and hydro goes out. Not my fault, Robots just got to love them, make everybody money, I only want one to washcar and cut grass, I ll do the rest. LOL
Andrew [14:34]: Large institutions tend to use computer program trading a ton. I think that method has a lot of advantages (e.g. speed of execution, will always follow the trading plan, don't have to worry about human emotions etc.).
ortrade [14:34]: I have a rumba does floors and carpets goes from room to room like a pro..
Andrew [14:34]: back short VVUS 11.79
Hank [14:35]: ortrade. is it a rental. lol
ortrade [14:36]: too tiny for rent, but it does the work..
Andrew [14:37]: added to VVUS short 11.72
ortrade [14:38]: today the vol price tape on the stock did not make any sense to me.. just volatility and more volatility..
karenbcz [14:39]: mon
karenbcz [14:39]: sorry typo
ortrade [14:41]: CYTX trades in a so narrow range - is it going to break out or what..
Andrew [14:41]: The last time the volatility was this high was 2/5 - 2/10
ortrade [14:42]: Exit MMR +20$pe
ortrade [14:44]: around 2/10/2010 we had the big correction on the upside..
Andrew [14:44]: short KERX 6.46
Andrew [14:45]: added to VVUS short 11.83
LEECO [14:45]: Back from errands-took the unstabilized Hypochlorate back so it wouldn't explode in my chlorinator and got stabilized 'Shock & Swim' plus depositing my refund check from IRS-but won't use it to trade.Are we going to have more downside this PM?
Andrew [14:47]: added to CAB 20.55
Hank [14:47]: SIRI add 1.18
rw [14:47]: the dog EMR may be good for .5% fairly soon LONG
Andrew [14:48]: out rest of FAZ +1.5%
Andrew [14:49]: long FAS 97.49
karenbcz [14:50]: L BCON @ 0.41
Andrew [14:50]: out 1/3rd VVUS no gain/loss
Andrew [14:51]: doubled up on FAS 97.75
ortrade [14:52]: IAG 200@17.55$pe
karenbcz [14:52]: Out BCON @ 0.40
Andrew [14:53]: short RDN 12.97
ortrade [14:53]: CYTX 200@5.83$pe
Andrew [14:54]: added to RDN short 12.95
ortrade [14:54]: EXIT BMY -10$pe
ortrade [14:54]: correction Exit BMY -18pe
rw [14:54]: Andrew: i would love to have your comission expense for a month LOL but have to buy to make money
majour [14:58]: add HOV 6.93
Andrew [14:58]: added to FAS 97.09
ortrade [15:00]: BYD 200@13.42$pe
Andrew [15:02]: out FAS -0.8%
Andrew [15:03]: out VVUS +1.2%, out KERX +1.24%
Andrew [15:04]: long FAZ 12.57
Andrew [15:06]: added to FAZ 12.55
karenbcz [15:07]: RW: The only way I can make up that loss is to trade pennies ... ARYX @0.73
rw [15:09]: I will start following you more on the pennies - as you do very well on them........also you sure made me money twice last friday...
rw [15:09]: Dow now on way to 170 down as I said earlier......
rw [15:10]: i hate to brag but am usually right on market direction ----about 75% of the time
karenbcz [15:10]: RW: Unfortunately, trying to "make up" losses is like trying to "catch-up" in a marathon when you're next to last. :>(
rw [15:11]: karen: I run marathons -- I know -----time is horrible 5and a half hours last one......
Andrew [15:11]: RDN is finally showing some signs of further breaking down
Andrew [15:11]: out CAB +1%
ortrade [15:11]: Exit BYD -32$pe
Sandman [15:12]: I get tired walking 5 and a half hours, never mind running.
Hank [15:13]: Im still on the hand and knews stage, and times still to fast for me.
Andrew [15:14]: long SFI 7.31
Andrew [15:15]: long VVUS 11.49
knight [15:16]: add FAZ short 12,6
knight [15:18]: take profit from HOV 8 to 6,93 part 2
Andrew [15:18]: out VVUS -0.26%
knight [15:18]: add RDN 12,84
Andrew [15:20]: added to FAZ 12.53
knight [15:20]: add peix 1,10
ortrade [15:21]: FST 200@29.39$pe
Andrew [15:21]: out SFI -0.27%
knight [15:21]: add seed 8,36
ortrade [15:21]: Exit IAG +54$pe
Andrew [15:22]: out half RDN +1.5%
knight [15:23]: great buy opp folks ... now
Andrew [15:23]: short MMR 11.72
knight [15:24]: .... for tomorrow $$$$
knight [15:24]: take profit from CPE 7,6 to 5,76 part 3
karenbcz [15:25]: Knight - I agree ... I've loaded up on the pennies.
karenbcz [15:25]: I've got $8K to make up.
karenbcz [15:25]: :>(
ortrade [15:25]: aBX 200@43.06$pe
carr [15:25]: knight were you talking about SEED or PEIX
knight [15:26]: take profit from solf 8,9 to 8,35
knight [15:27]: take profit from Hov 7,7 to 6,90 last past
carr [15:27]: karen, I have been away for most of the day what did you get burned on ?
LEECO [15:27]: knight-I'm looking at STEC & GNW to buy today (as you said earlier) to cash in tomorrow-what do you think of those two and at what price? Thsnk you
karenbcz [15:27]: Been holding MON for a MONTH!
knight [15:27]: remember what's goes up --- goes down
knight [15:28]: stec will continue down
karenbcz [15:28]: CARR:: Remember I said, " I KNOW MON" ... ? Well, I guess I don't! LOL!!
carr [15:29]: karen ouch!!
knight [15:29]: same things for gnw
karenbcz [15:30]: When I bought MON back in November it NEVER went THIS LOW!!! WT$%(( !!
knight [15:30]: buy low and sell high ..... not buy high to sell low
LEECO [15:30]: Thanks-I will aqvoid STEC-but how do you determine that-That is what I want to learn from your instructions
carr [15:30]: On the flip side, SNTS which was one you mentioned is up another 7 cents on the day so it is making the climb to my $4 target.
karenbcz [15:31]: CARR: the reason Y I'm only trading the pennies is ... I had 1K shrs. of MON ... I am VERY VERY scared!
ortrade [15:31]: HMY 200s@9.61$pe
carr [15:32]: That is a lot of money karen I am sad for you.
carr [15:32]: But you will get it back
karenbcz [15:32]: CARR: I know it will go back up ... but I just feel ... a little ILL.
madriver [15:33]: you know what they say about scared money
karenbcz [15:33]: CAR - oh yeah .. I see SNTS going up! $$$$
carr [15:33]: understandable karen
Hank [15:33]: karenbcz which stock are you talking about.
carr [15:33]: MON Hank
karenbcz [15:33]: MAD: I know what they say about A FOOL and his/her money!
karenbcz [15:33]: MON
karenbcz [15:34]: HANK Look at the 1 month chart. :>(
rw [15:34]: iam very sad also Karen
Andrew [15:34]: back in CAB 20.88
Andrew [15:34]: CAB refuses to sell off
madriver [15:35]: it will be back if you hold I believe. Nothing technically or fundementally wrong other than downturn
Andrew [15:35]: A big short squeeze in CAB
Gar [15:36]: Here for the bearish close.
Gar [15:36]: I was heavily short in papertrader from last night, I thought yesterday's rally was nonsense.
Andrew [15:36]: Yeah, the Bear/Bull composite hasn't been big green for a long time it seems
carr [15:36]: Karen, the elliott pattern on MON suggests that it is at or near the end of a down wave 5 which if you believe in elliott theory means a reversal up is not that far off.
karenbcz [15:37]: Did we have a rally yesterday??? I forgot. LOL!
Gar [15:37]: Yeah, and the rally was obviously bogus. I remember thinking "what on earth is wrong with these people?"
karenbcz [15:37]: LOL!
LEECO [15:38]: GAR-just found out Willie has been out of town for last week-got back to-day-I talked to Sarah his secty and she'll lety him know of our (my) request for update
Gar [15:38]: They were all buying-buying-buying right in the face of giant negative headline potential. Almost serves the right.
madriver [15:38]: karen when did you buy MON?
karenbcz [15:38]: I forgot the rally yesterday, but I'll never forget how "ILL" I feel today ... like my soul's been ripped outta me. Or maybe it's the yogurt I had for lunch.
Gar [15:39]: I meant almost serves them right, silly buying.
madriver [15:39]: knight says to buy
Gar [15:39]: So what do you guys think---will they try to jam this back up or will they pound everything to pulp?
Andrew [15:39]: It seemed way too overdone and that selling in the last hour yesterday on a little bigger volume was a sign.
Andrew [15:39]: I think down a little bit but nothing too dramatic
karenbcz [15:39]: MAD: I bot on "dip" at beginning of April, and kept averaging down.
Gar [15:40]: Averaging down---a suicide play.
madriver [15:40]: oh I thought you bought today...averaging down....wild
rw [15:40]: glad you are here and said that Gar.....
karenbcz [15:40]: Yes, .... suicide. AND, I had the HUBRIS to recommend buying MON when I'd just joined StockVision. I hope no one took my advice! LOL!
Andrew [15:41]: out MMR +1%
Gar [15:41]: Yeah I don't see a massive drop before the close, because the sellers have to get past the dip buyers. And if this keeps up, these dippers will buy all the way down until they're broke.
ortrade [15:41]: Since 10.45 we have been in a nasty sideways..
Andrew [15:41]: And we're already down -250.
karenbcz [15:41]: I'm only buying penny stocks .... and even THOSE keep dropping!
rw [15:41]: I feel my forcast of 170 down down is a little off target.
Gar [15:41]: I think I heard a "No end in sight" last week from an analyst. That alone should have been the end.
madriver [15:42]: I learned the hard way on dip buying......never fight overall trend
Andrew [15:42]: It looks like the selling is getting pretty dramatic though
LEECO [15:42]: karen you got into MON at about $70>>
Andrew [15:42]: out 1/3rd FAZ +1%
madriver [15:42]: why are you buying....trend is down today
Gar [15:42]: Wow, A/D line almost 7 to 1 negative. Yesterday with all the whooping bullishness it was 3 to 1 positive. Shows us we are on a solid downtrend.
karenbcz [15:42]: LEE: my average price is approx. $67.80
Andrew [15:43]: CAB has so many shorts trying to cover, it doesn't care how much the market is selling off apparently.
karenbcz [15:43]: LEE; That was a MONTH AGO! Rode it all the way down to $61.oo :>(
LEECO [15:43]: karen-I had MON last year when it dropped held it and finally sold at a profit-if you can afford to hold it is a good company with a good future
Gar [15:43]: If you guys want to do dip buying, it should be ONLY on a daytrade basis. You can make nice gains buying stocks that go down in deep flames, then hold for 20 minutes.
madriver [15:44]: like LF
karenbcz [15:44]: GAR: You're scaring me!
madriver [15:44]: did well on LF crater
LEECO [15:44]: GAR -have you a screen for dip buying to select the stocks?
Andrew [15:44]: out 2nd half RDN +2%
madriver [15:44]: look for the biggest losers!lol
Gar [15:45]: I did triple digit gains in 2001 by jumping in deep lows, holding for 1/2 day and selling. It was like taking candy from a baby. What's weird is that every one of those would TREND lower and lower, yet I was making steady gains going long.
Andrew [15:45]: added to CAB 21.30
knight [15:45]: take profit from aig 39,5 to 38.1 part 2
karenbcz [15:45]: GAR: You mean just buying deep lows?
Gar [15:45]: Leeco, YES. It's called Bouncers.
LEECO [15:46]: Rigjht on--
Andrew [15:46]: Interesting... the market is surging up and UUP is on highs.
ortrade [15:46]: CAB one of my earlier picks today is hitting the jackpot.. not unusual it shaked me off before the climb..
madriver [15:46]: that makes perfect sense
Gar [15:46]: karen, I mean wait for a deep trough, an overreactive sell-off (kind of like gap downs), jump in and hold only for a very short while. That's a reliable way to play a bear market but without going short.
majour [15:46]: Out PEIX from 1.08 to 1.17
karenbcz [15:47]: CARR: u still here?
madriver [15:47]: Karen look at LF today...it was down 25% early today now down around 18%
Gar [15:47]: And that technique works best in a highly volatile market. It doesnt work well in a sideways uptrending market.
Andrew [15:47]: I think bouncers are working especially well now too because of the bullish algorithms in use by institutional traders.
Andrew [15:47]: There are lots of retracements
Gar [15:48]: Yeah Andrew, and of course the eternal dip buyers.
knight [15:48]: not bad look at peix - look as a start for a run
Andrew [15:49]: out another 1/3rd FAZ +1%
madriver [15:49]: eternal into oblivion
karenbcz [15:49]: KNIGHT: yes, PEIX looks ready to run. $1.17 new recent high.
knight [15:49]: long time on the side , it's ready to fire
LEECO [15:50]: GAR-Iwas looking at CAAS which is leading the bouncers early to-day but wasscared off by all the red "flags"
madriver [15:50]: everything appears to be lining up on peix
madriver [15:51]: LEE---that's a chinese firm...you might know that....I might stear away from china
rw [15:51]: yes madriver - i would stay from china now.
madriver [15:52]: that's what I just said
Gar [15:52]: leeco, the bounce trade is very fast. You don't hold long. The "red" marks only matter for longer holds, like a couple of days or more.
Andrew [15:52]: out last 1/3rd FAZ -0.24%
Gar [15:52]: Oh man here come the bozos jamming this up.
Andrew [15:52]: Interesting turn of events
Gar [15:53]: I was hoping for a lunar setup. If they keep pounding us up, the lunar is ruined.
Andrew [15:53]: I bet they want to close SPY right near 117.50 - a key resistance level from the fall.
karenbcz [15:53]: GAR: PCBC was a nice lunar trade last nite.
karenbcz [15:53]: !!
madriver [15:53]: who is "they"
Andrew [15:53]: I mean March - not the fall, lol
LEECO [15:54]: OK so if I were to buy CAAS then hold till tomorrow and cash in then-It is lower than it has been anytime since Mid-March
Andrew [15:54]: they = big institutions
Gar [15:54]: The lunar is being destroyed.
carr [15:54]: Add PEIX 1.17
ortrade [15:55]: CYTX looks like its done faking for the day..lol..
madriver [15:55]: they are all working in unison I suppose
rw [15:55]: andrew - market will close closer to 170 down than 260 down lOL
Andrew [15:55]: Nope, the opposite. There might be buying algorithms and selling algorithms set around certain key levels so the prices tend to gravitate towards them.
Gar [15:55]: Karen, last night, a lunar (long) would generally have been the wrong play. Market closed near its high, which is the precise opposite of what you want.
Andrew [15:56]: out CAB +1%
madriver [15:56]: then they are working in unison
karenbcz [15:56]: Oh! I was just referring to one stock. But I understand ... the lunar trade is good when the whole market is down ... like today??
ortrade [15:56]: CYTX is probably a good overnight hold..
Andrew [15:57]: The algorithms are usually against each other and there's always a robot war between the mutual fund algos and the high frequency trading firms predatory algos.
karenbcz [15:58]: GAR: "the lunar is being destroyed" ... ? what do you mean?
madriver [15:59]: I see your point however .....thinking
ortrade [15:59]: Exit CYTX =+50$pe
madriver [15:59]: just thinking about time
ortrade [15:59]: Exit FST +18$pe
Gar [15:59]: karen, the lunar bounce is ONLY a workable strategy when we close at or very near the lows. Dow was -260 and they pounded it +40 points. That generally ruins th lunar.
ortrade [15:59]: Exit ABX -25$pe
ortrade [16:00]: Exit HMY _5$pe
karenbcz [16:00]: GAR: k.
ortrade [16:00]: meant -5pe
Sandman [16:00]: Gar on 4/26/10 I bought 2200 shares of SBSA (Hot Stocks Now). I'm up 28.92% as of today's close.
carr [16:00]: Ernie, been trying Think or Swim, I like their tools very much
madriver [16:00]: sandman.....awesome
madriver [16:01]: carr....didn't like it at first but getting used to it. How much are they charging you a trade?
Sandman [16:01]: thanks madriver
carr [16:01]: I have the Canada version and I think it is around $9
carr [16:02]: about the same as what Fidelity charges me
ortrade [16:02]: Summary for the day -118$pe
madriver [16:03]: oh because they were charging 9.95 a trade and I called them and they dropped it to 7.95 so might want to give that a try...might be able to save a few dollars on both sides of trade
carr [16:03]: thanks madriver
Hank [16:04]: nite all
carr [16:04]: hey usdojpr good to see you here.
carr [16:05]: take care Hank
Sandman [16:06]: karenbcz Hi, can I ask you a question?
carr [16:06]: Nasdaq Posts Biggest One-Day Point Drop Since January 2009 05/04 04:05 PM
karenbcz [16:07]: THAT sounds ominous.
madriver [16:08]: i thought the same thing
karenbcz [16:08]: Sand?
madriver [16:08]: close your eyes
karenbcz [16:08]: MAD I answered
madriver [16:09]: sandman must have a very long question
karenbcz [16:09]: can't type & polish nails at same time LOL!
carr [16:09]: Sandman, now you have us all waiting for your question
madriver [16:09]: it better be good!!!
Sandman [16:09]: I was wondering why do you put most of your money on one stock? How come you don't split it up into thirds or quarters?
Gar [16:09]: I think they will bounce the market in the AM, but very likely people will sell into it.
madriver [16:09]: COME ON
madriver [16:10]: Sandman ....what was that!!!!
Sandman [16:10]: I was asking karenbcz this question.
madriver [16:10]: she's a risk taker at heart
karenbcz [16:10]: SAND: Clearly, I made a mistake. I have a real problem with "overconfidence". It's called HUBRIS.
karenbcz [16:10]: LOL!
Andrew [16:10]: I was thinking the same thing. The close today should encourage enough bulls and/or scare enough shorts into buying, but I expect there will be larger sellers on the opposite side of the trades.
madriver [16:10]: i'm kidding
karenbcz [16:11]: made same mistake in 2000
carr [16:11]: karen, what is HUBRIS?
Sandman [16:11]: Well I hope you make out on that trade.
usdojpr [16:11]: Carr- licking my wounds today
LEECO [16:11]: WOW-CAAS went up .27 =1.28% in last 10 minutes after the cloise
karenbcz [16:12]: carr: someone's who's FOS and thinks their right all the time LOL!
carr [16:12]: I think all long traders are doing that today usdjopr
madriver [16:12]: that shoots down the idea of not buying china
LEECO [16:12]: carr means lots of nerve
carr [16:12]: karen you are right most of the time
karenbcz [16:12]: LOL!
madriver [16:13]: carr.....you are too nice
karenbcz [16:13]: I'm real bad about that ...
carr [16:14]: actually madriver, I have made pretty good money on Karen's ideas
karenbcz [16:14]: when i lose $$, I can't believe I was wrong. :>(
madriver [16:14]: I've seen some her trades.....real losers
madriver [16:14]: i'm teasing...i really don't follow anyone's trades to be honest
karenbcz [16:15]: that's ok .. everyone's entitled to their OPINION. :>)
madriver [16:15]: karen..i was teasing
madriver [16:15]: I don't follow trades
madriver [16:15]: I don't daytrade either
carr [16:15]: not at all madriver. I only trade what I think is good. I really respect karen's opinion to my beneifit.
karenbcz [16:15]: MAD: you're like me .. I do "my own thing" ..
madriver [16:16]: basically yea.......stockvision has helped me quit a bit I have to admit
Sandman [16:16]: So far I've made five trades. 3 wins and 2 still holding at a profit.
karenbcz [16:17]: Actually, I still post many of my trades on StockFetcher. Few losers.
karenbcz [16:17]: EXCEPT MON .. :>(
madriver [16:17]: You know what....I cancelled stockfetcher
karenbcz [16:17]: Gawd! I hope no one bught that based on my recommendation. boo hoo!
karenbcz [16:17]: MAD: when?
madriver [16:18]: I can't really explain the method to my madness just follow the trend and I use the 100ma alot
madriver [16:18]: just about 2 weeks ago
karenbcz [16:18]: MAD: what was your screen name on SF?
usdojpr [16:18]: Carr- I just hope(prey) this maket bounces Weds. Give me a chance to regroup.
Andrew [16:19]: Why are the ag stocks like MON having such a bad year?
madriver [16:19]: I don't even remember...I'd have to go type it in. I wasn't on there long....maybe 3 months
karenbcz [16:19]: oh .. 3 mos. not long ...
carr [16:20]: usdojpr, if not then we all need to alter our strategy and go short.
karenbcz [16:20]: I love SF. I was one of the original members 7 yrs. ago.
madriver [16:21]: Andrew...good question.....I think they usually move up nicely in the spring. Maybe because MON and MOS where trading at very high highs a year ago...cylical thing maybe
carr [16:21]: jim are you there?
karenbcz [16:21]: ANDREW: I don't know Y MON down so low.
usdojpr [16:21]: Understood. I am long on my options in june and july. anything can happen.
karenbcz [16:21]: ANDREW: my chart sez MON could go down another $2.oo .. :>(
karenbcz [16:22]: =$58-59
karenbcz [16:22]: omg!!
Andrew [16:22]: Going short can make things a lot easier when there's volatility and selling pressure. I've been having a field day with this market.
madriver [16:22]: might of been 2 years ago now.....
carr [16:22]: Karen, MON may drop a little more, but it is still pretty sound
carr [16:23]: from a fundemental point of view
madriver [16:23]: Andrew....keep up the good work...be careful.
karenbcz [16:23]: CARR: my chart sez -$2 possible.
Andrew [16:23]: When there's volatility, the longs can be easier too. I love volatility - it's the environment I learned to trade in.
karenbcz [16:23]: it's THE WORST trade I've ever done.
karenbcz [16:24]: WORST trade I've ever done was selling DNDN @$5.35.
carr [16:24]: Yes Karen, but when the wave 5 down completes and is confirmed, it will reverse
Andrew [16:24]: For every DNDN though, there's probably 500 which never wind up doing anything.
madriver [16:24]: you have to trade volitility otherwise there's really no great trades
karenbcz [16:25]: typo .. i meant MON wasn't the worst ... I've had others .. i.e, DNDN
madriver [16:25]: karen...be patient with MON
madriver [16:25]: hold it like a baby......lol
karenbcz [16:25]: ok .. :>)
carr [16:26]: Karen, we have all had bad trades. I lost $25k on WAMU patience grasshopper
carr [16:26]: gotta go folks, have a good evening, and I hope we all do better tomorrow.
karenbcz [16:27]: c'ya'
Andrew [16:27]: Bye
madriver [16:27]: later dirty ernie
madriver [16:27]: karen....dirty ernie wants to ask you a question
madriver [16:28]: later andrew
madriver [16:30]: karen can I ask you a question?
Andrew [16:31]: Have a good afternoon
madriver [16:31]: later dude
karenbcz [16:31]: yep.
madriver [16:32]: are you polish?
karenbcz [16:32]: OMG! I'm reading the SF board. so funny!!
karenbcz [16:32]: "alf" says market "topped" on 4-26 .. consistent with Gar's opinion.
karenbcz [16:33]: better check the charts ...
karenbcz [16:33]: byeeeee
LEECO [16:45]: Watching the after hours trading-most stocks recovered what they lost today-time to buy was right at close
LEECO [16:46]: Watchinh after hours trading-most stocks recovered what bhey lost today-0time to buy was at close or immediately after-ANOTHER LESSON LEARNED LOL
Andrew [17:00]: Leeco, most stocks I see in after hours have only recovered a tiny bit of what they lost today.
karenbcz [17:26]: Wow! I just noticed ... YRCW dropped to 0.49. That is really CHEAP!
karenbcz [17:29]: You guys should BE HERE afterhours!! ITMN DOWN 79% !!!!
karenbcz [17:30]: ********************* OMG!!!!************************ ITMN DOWN 79% . !!!
karenbcz [17:31]: OVER TWELVE MILLION SHARES TRADED in afterhours! And it's only 5:30 PM!!
jaws [17:33]: Can you see afterhours trades on StockVision? How?
karenbcz [17:33]: ITMN was $45.44 at the close. Now trading @ $9.66 .. !!!
karenbcz [17:33]: No, jaws. Only pre-market.
karenbcz [17:34]: this is unprecedented!!
jaws [17:34]: Where are you finding the afterhours
jaws [17:36]: Never mind. I found it on Etrade.
jaws [17:36]: Amazing
karenbcz [17:36]: You have to look on your charts.
karenbcz [17:36]: Yes it IS amazing!
karenbcz [17:36]: If I weren't so under water, I'd certainly buy 1K shrs.
karenbcz [17:39]: I wish it would go to a $1.oo LOL!
jaws [17:39]: It may be good for a little bounce.
jaws [17:40]: It could go to a buck or less if the rejected item was the only thing it had going for it.
karenbcz [17:41]: This is UNBELIEVABLE!!
jaws [17:41]: Intermune Shares Down 80% To $9.05 After FDA Rejection
Dow Jones
jaws [17:43]:
InterMune receives FDA complete response letter on Esbriet (Pirfenidone) NDA; Co intends to meet with FDA to explore best ways to address points
Font size: A | A | A
4:01 PM ET 5/4/10 | Briefing.com
Co received FDA complete response letter for its drug Esbriet's NDA for one or more reasons, and the FDA has requested an additional clinical to support efficacy.
karenbcz [17:52]: Just dropped to $9.48
karenbcz [17:52]: geesh! 9.42
karenbcz [17:55]: $9.62 .. going back up.
karenbcz [17:57]: 9.70
karenbcz [18:03]: 9.81
karenbcz [18:04]: 9.90
karenbcz [18:04]: 9.98
karenbcz [18:04]: 9.99
karenbcz [18:04]: 10.00
karenbcz [18:05]: 10.03
karenbcz [18:05]: 10.10
karenbcz [18:06]: On 1K shrs. you would've made $600 already.
karenbcz [18:07]: 10.15
karenbcz [18:09]: 10.20
karenbcz [18:09]: 10.23
karenbcz [18:09]: 10.26
karenbcz [18:09]: 10.29
karenbcz [18:10]: *********************** HERE'S WHAT YOU GUYS MISSED ****** AFTERHOURS****!!!!
karenbcz [18:10]: 10.37
karenbcz [18:10]: 10.46
karenbcz [18:10]: 10.54
karenbcz [18:11]: On 1K shrs. you've now made $1100.
karenbcz [18:11]: $10.70
karenbcz [18:11]: $10.84
karenbcz [18:13]: $10.56
karenbcz [18:14]: 10.73
karenbcz [18:14]: 10.80
karenbcz [18:14]: $10.88
karenbcz [18:17]: @ $10.88 you'd be UP $1,460 in 30 minutes of afterhours trading!
karenbcz [18:18]: $10.91
karenbcz [18:18]: $10.94
karenbcz [18:18]: $10.98
karenbcz [18:20]: $10.99
karenbcz [18:20]: $11.05
karenbcz [18:20]: $11.11
karenbcz [18:20]: $11.17
karenbcz [18:20]: omg!!
karenbcz [18:20]: $11.22
karenbcz [18:20]: unprecedented!!
karenbcz [18:21]: $11.36
karenbcz [18:21]: the big money is being made NOW .. in the afterhours!
karenbcz [18:21]: $11.55
karenbcz [18:22]: $11.70
karenbcz [18:23]: $11.26
karenbcz [18:23]: FAST MOVING MARKET!
karenbcz [18:24]: $11.44
karenbcz [18:25]: $11.17
karenbcz [18:25]: 11.01
karenbcz [18:25]: 10.92
karenbcz [18:27]: And there you have it folks. A minute by minute record of what YOU missed in after hours tradiing!
karenbcz [18:27]: $11.15
karenbcz [18:29]: $11.25
karenbcz [18:31]: $11.01
karenbcz [18:31]: 10.96
karenbcz [18:31]: 10.90
karenbcz [18:32]: 10.86
karenbcz [18:32]: 10.82
karenbcz [18:32]: 10.99
karenbcz [18:32]: WILD RIDE!
karenbcz [18:42]: I pity the poor sap who looked at the close and thinks he owns shares @ $45.44.
karenbcz [18:44]: $10.70
wcredle [19:38]: WHERE IS THE BEST PLACE FOR "FREE" PRE AND POST MARKET TRADING INFO?
fuseboxxx [19:46]: Look at Histogram for 6 month Histogram for SOMX...After the 11th it should go up a dollar or two..I feel earnings will beat..IMO
fuseboxxx [19:47]: Karen did you ride the bounce up on that stock?
fuseboxxx [19:52]: thanks for the chat..LOL
karenbcz [22:07]: Fuse: No, I did not. I just couldn't spend anymore money. But I was sure wishing I could have!
karenbcz [22:18]: On 1k shrs., I would've made $2K.
karenbcz [22:30]: OMG!! I just looked at my screen, and GUESS where ITMN closed afterhours ... ?
karenbcz [22:31]: $44.93!! Anyone who didn't actually SEE the afterhours action would never know ANYTHING happened. It was just a real roller-coaster!
karenbcz [22:31]: Unbelievable!
karenbcz [22:34]: Altho' the afterhours close shows $44.93, donw only 0.51 cents ... LOOK at the volume = OVER 18 MILLION shrs. traded in afterhours!
Andrew [22:58]: Holding a biotech stock overnight (especially through earnings) is about the riskiest thing I can imagine. I hope a lot of the investors were hedged.
Andrew [23:02]: I bet some day traders got caught in it too because of the halt during mid-day.
Andrew [23:23]: By the way, the 44.93 print was manipulation - just one trade for 400 shares. Just a couple minutes earlier it was still trading in the 10.60s.
Andrew [23:23]: http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?selected=ITMN&mkttype=after
|
|
