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Forum date: 05-26-10
Buy_hi_Sell_low [0:07]: This is badhabits62 I change my name.
Buy_hi_Sell_low [0:08]: Hope this is alright.
lATICK [0:08]: sell high buy low
Buy_hi_Sell_low [0:10]: I don't buy hi and sell low. Just humor.
lATICK [0:10]: currently looking at MO chart. What do u see tomorrow?
Buy_hi_Sell_low [0:13]: Futures are up! Right now anyways. I see green! As for MO.....
Buy_hi_Sell_low [0:16]: I charted MO if that is what you meant by "MO". Not much room there.
lATICK [0:17]: i think if it doesnt gap up easily .50 cents
lATICK [0:18]: can make .50 cents in the morning
Buy_hi_Sell_low [0:22]: I do the oppisite! I find stocks beating down by 30% or more. And watch for the gangsters I mean the instituion to start buying by way of volume. I buy in, and when it slows down or news hits I sell them back.
Buy_hi_Sell_low [0:22]: Sorry about the spelling. Speed typing you know!
lATICK [0:24]: thats a good strategy
Buy_hi_Sell_low [0:24]: Follow the crooks...I mean money!
Buy_hi_Sell_low [0:26]: As yo may notice I am bitter with the corruption! Can't beat em....follow em,
lATICK [0:26]: i used to short heavyly pumped stock. i lost 25%of my portfolio on NLST.
Buy_hi_Sell_low [0:26]: OUCH. Stop loss?
lATICK [0:26]: So now a days i kinda get scared shorting those pumps also'
lATICK [0:27]: no stop loss
Buy_hi_Sell_low [0:27]: I only short huge spikes!
lATICK [0:27]: i added more
lATICK [0:28]: that went from $2 to $8 just in 3days
Buy_hi_Sell_low [0:28]: OH NOOOOOOOOOOOOO! You'll get it back! A least you have 75% left to battle another day!
lATICK [0:28]: so iam making new strategy
lATICK [0:29]: any good strategy help
Buy_hi_Sell_low [0:31]: Whom am I to give advice! The lessons that Gar has on video could help!
Buy_hi_Sell_low [0:31]: My stradegy is as I wrote!
lATICK [0:32]: yes but any idea will help build my strategy
lATICK [0:32]: how do you find them
Buy_hi_Sell_low [0:32]: Buy low sell high! LOL
Buy_hi_Sell_low [0:38]: Institutions make a stock move! They buy when stocks are on sell mostly! Look for heavy buying volume on beating down stocks! "Bouncers" is listed on your seach parameter. A histroy of LARGE volum and a large price decline. Save to your list! Run Big buying volume on your stock list! BAM!
lATICK [0:39]: thanks ,
Buy_hi_Sell_low [0:41]: I works for me! Then if you know how to chart using the RSI and stochastic helps!
Buy_hi_Sell_low [0:41]: Trends and piviot points ect,
Buy_hi_Sell_low [0:42]: 50 day 200 day
Buy_hi_Sell_low [0:43]: See ya got to go!
lATICK [0:44]: still learning charting. Started trading abt 1 year ago and used to make like 50..60 bucks between 2.30 to 4.00. every trading day shorting yahoo % gainers. but all those gains were taken by one single NLST.
Buy_hi_Sell_low [0:46]: I should not have said anything! I am in the prestents of some really smart people here! UGGGGGGGGGG
lATICK [0:50]: i like your strategty try shorting yahoo %gainers they work like a charm man
Buy_hi_Sell_low [0:51]: I do!
Buy_hi_Sell_low [0:51]: I check the volume also! That is what I like! BIG VOLUME! Institutions!
lATICK [0:53]: how do you know if its instution or other daytraders buying stocks?
Buy_hi_Sell_low [0:54]: Institution do not buy news! They sell!
Buy_hi_Sell_low [0:54]: Upgrades are there way of unloading big blocks of shares! Its all rigged!
lATICK [0:55]: so how to know if instution are buying?
Buy_hi_Sell_low [0:55]: No news and large volume!!!!
Buy_hi_Sell_low [0:56]: The stock moves big time!
Buy_hi_Sell_low [0:56]: Large buys!
lATICK [0:57]: how to scan that
Buy_hi_Sell_low [0:57]: Big buying volume
lATICK [0:57]: but here it only tracks 2000 stocks
Buy_hi_Sell_low [0:58]: Skyscraper volume surge!
Buy_hi_Sell_low [0:58]: Make your own list!
Buy_hi_Sell_low [0:58]: upload it!
lATICK [0:59]: how to make list
Buy_hi_Sell_low [0:59]: Import I mean!
lATICK [0:59]: ok i get it, i make my own stock list and import it in this software
Buy_hi_Sell_low [1:00]: Note pad on your PC? List there then import your list
Buy_hi_Sell_low [1:00]: Got it!
lATICK [1:01]: is there any way where i scan for find big institution buying
Buy_hi_Sell_low [1:01]: Good question!
Buy_hi_Sell_low [1:01]: That you will have to find!
lATICK [1:02]: if i can again make like 100 bucks i will look for part time job
Buy_hi_Sell_low [1:03]: I know they stay clear of anything under $4.50? I think.
lATICK [1:03]: ye they dont buy under 5. most wont buy under 7 i heard
lATICK [1:05]: i am having trouble working because of my back problem
lATICK [1:07]: how do you like mighty gap
JayBird [1:49]: Tomorrow morning, two economic reports are scheduled to be released before the open. 1) Durable Orders (Consensus 1.5%) and 2) Durable Orders ex Transportation (Consensus 0.7%).
Tomorrow before the open look for the following companies to report: AEO, BPHX, BWS, DSX, FRED, LTXC, SOLF, SCMR, SYNO, TOL, and ZLC.
lATICK [2:04]: any good strategies
ShogunTX [2:06]: There as been a lot of talk about Sprint this week, yet SV still has it ranked pretty low. Some are suggesting $6.00 a share this week
ShogunTX [2:09]: I would belief if it makes it to 6.00 some of the biger players will jump on board with their new phone launch around June 6th. But then again Steve Jobs and Apple have a big announcment on that day as well
Andrew [5:14]: Goldman Sachs put a $6 price target on Sprint, but I would imagine that the institutional money will begin selling it before it reaches $6. It has gone up 28% from $4.14 to $5.29 in just 2 days, so at this point if you buy have a clear exit plan in mind in case the upward momentum begins to stop.
LEECO [7:23]: MORMING ALL-WILL BE AWAY MOST OF MPRNING ON gARSWORLD BUSINESS-INEXES UP aSIA, eIROPE HERE
Andrew [7:24]: Good morning Leeco. Have a great day.
LEECO [7:26]: Morning Iatrick,JB,Andrew-Indexes Un Asia, Europe and here all up-perhaps a Bull trap in a Bear market?
Andrew [7:28]: Perhaps. The Bear/Bull Composite shows indecision on which way the market could go. There might be some additional short covering today, and even more buying if we take out highs from Friday/Monday.
Andrew [7:29]: The market might open near an area where there was a lot of selling volume done on Monday afternoon.
nester [7:31]: NEW YORK (AP) -- Stock futures rose Wednesday as investors try to build momentum following a late-day rally during the previous trading session.
The Dow Jones industrial average closed down just 22 points Tuesday after being down by more than 250 points shortly after trading opened. The bounce back was stoked by comments from Congressional leaders saying they would not push for banks to spin-off lucrative trading desks as part of financial regulation reform.
Big swings in trading have again become the norm in recent weeks, similar to the volatility that helped define the market during the credit crisis and the early parts of the recovery last year.
nester [7:32]: PARIS (AP) -- Economic recovery in the world's richest countries is accelerating thanks to a "substantial" rebound in trade and growth in Asia, but austerity measures are needed to reduce deficits -- as Europe's debt crisis proves, a leading agency said Wednesday.
The Organization for Economic Cooperation and Development, a watchdog for 31 of the world's most developed economies, said that serious risks including Europe's sovereign debt crisis and a possible boom-bust scenario in emerging markets such as Brazil, India and China still threaten what it calls a "relatively auspicious" economic environment.
"The period of significant financial instability that began in August 2007 is not yet over," the OECD warned in its latest biannual Economic Outlook.
nester [7:32]: LONDON (AP) -- World stock markets rebounded Wednesday following steep losses the previous day, but sentiment remained fragile amid fears Europe's debt crisis could hamper global economic growth.
Britain's FTSE 100 was up 1.7 percent at 5,025.41, Germany's DAX rose 1.5 percent to 5,754.60 and France's CAC-40 was up 2.4 percent at 3.412.16.
Asian stocks closed higher and Wall Street was also expected to gain on the open -- Dow industrials futures were up 0.5 percent at 10,075 while Standard & Poor's 500 futures were up 0.6 percent at 1,072.70.
The increases only partly make up for deep losses on Tuesday, when investors feared the repercussions of painful austerity measures on Europe's economic growth and the knock-on impact on trading partners like the U.S. and Japan.
nester [7:33]: SINGAPORE (AP) -- Oil prices rose to near $70 a barrel Wednesday in Asia as a drop in U.S. gasoline supplies and rebounding Asian stock markets bolstered confidence that demand for fuel is rising.
Benchmark crude for July delivery was up $1.13 to $69.88 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract dropped $1.46 to settle at $68.75 on Tuesday.
Gasoline supplies unexpectedly fell last week, dropping by 3.2 million barrels, the American Petroleum Institute said late Tuesday. Analysts had expected an increase of 150,000 barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.
nester [7:33]: TOKYO (AP) -- The Federal Reserve and other central banks must protect their ability to make key economic decisions free from political interference, Fed Chairman Ben Bernanke said Wednesday.
As governments move ahead on reforms to prevent another global financial crisis like the one in 2008, Bernanke stressed the importance of the Fed and central banks in other countries maintaining their independence over setting interest rates, known as monetary policy.
The Fed, for instance, often must make decisions such as boosting rates to keep inflation in check that are unpopular with politicians but are necessary for a healthy economy.
Politicians generally prefer holding interest rates low, which stimulate the economy and hiring.
nester [7:34]: A 10 percent rise for the FTSE-100 index and Dow Jones Industrial Average looks possible, according to technical charts, Chris Zwermann, global strategist at Zwermann Financial, told CNBC Wednesday.
Meanwhile, German Bund futures will drop and the euro has a chance to recover in the short term.
"Here is a good chance to buy the recovery," Zwerman said.
He has a target of 5,600 for the FTSE-100, but investors should sell out it if it dips below 4,900.
The Dow Jones Industrial Average "penetrated" the 9,800 "neckline" on Tuesday, but closed above that level which signals a "high possibility" that the U.S. index could trade higher, Zwermann said.
His target for the Dow is 10,730.68 in the coming weeks.
nester [7:35]: CHICAGO (MarketWatch) -- Shares of American Eagle Outfitters, NetApp Inc. and Jo-Anne Stores Inc. are among those expected to see active trading Wednesday.
Andrew [7:42]: Good morning nester.
nester [7:43]: Morning Andrew... see the futures are quite high
Andrew [7:46]: Yes. There could be a nice continuation rally from more short covering, or good prices to get short again in the coming days. I had my first big losing day in a very long time yesterday, so I'm going to be less aggressive for the next few days (going back to tighter stops and fewer trades).
nester [7:50]: i've been trying to slow down myself. only trade no more than 6 times a day. this move north will just bring us more profits when we do drop more. can't wait
Andrew [7:51]: It would be really interesting if this winds up being the bottom. It would indicate huge sideline money still wanting to get in the market, and we could have another large up-move.
Andrew [7:52]: That scenario doesn't seem too likely though based on the last several weeks' selling.
LEECO [7:53]: Good morning nester-Ifind that to watch the trades closely enuf -even with alerts set-I can only do about 4 a day-old age must be slowing me down LOL
nester [7:55]: morning Sir... hope you are doing well. becareful not to get caught in anything if we go up here for a bit... i think once we drop, we will go for a bit more than we did this time
Andrew [7:55]: One argument for the bulls though is that we've had pretty large up-volume with the buying on Friday and Tuesday, and we sold off on a lot less volume on Monday.
LEECO [7:57]: I am hoping for an up surge so I can sell some coveredcalls (EX: JCI @ $1) and then buy them back if we continuer bearish
karenbcz [8:02]: ANDREW: The bottom???? If yesterday was the bottom, then I'm BK!
Andrew [8:03]: SOLF is gapping up a ton on earnings
nester [8:03]: FAZ is tankin... down to 15.30
Andrew [8:04]: I doubt that's actually the bottom (was just throwing out different possibilities). Even if it is the bottom, usually there will be a re-test or two as well.
Andrew [8:08]: The volume done yesterday also wasn't extremely overwhelming.
nester [8:11]: SOMX is gapping up 5% already
Buy_hi_Sell_low [8:14]: Morning! New name for me. It was badhabits62. I bought this program yesterday!
nester [8:16]: welcome. glad you joined us... hope you don't mind us shorting your name...
Buy_hi_Sell_low [8:16]: LOL!
Buy_hi_Sell_low [8:18]: That is fine!
Andrew [8:18]: Buying high and selling low is a pretty good strategy if it means buying high and selling higher or selling low and covering even lower.
nester [8:19]: lol... i think that thought everytime i hear that term...
Andrew [8:19]: A lot of people who bought high intraday yesterday wound up doing excellent.
nester [8:19]: just he's backwords Andrew
LEECO [8:21]: morning BHSL
guymar [8:22]: Hi people
carr [8:25]: Good morning Andrew DJ guymar karen Leeco and all
Andrew [8:26]: Good morning. Data on durable goods orders comes out in a few minutes.
carr [8:27]: Good morning nester, sorry I didn't see you
nester [8:27]: lol... morning carr
karenbcz [8:35]: Congrats BuyHi. You will enjoy!! $$$$$$$$$
karenbcz [8:35]: ANDREW; Government numbers ...more lies! LOL!
LEECO [8:35]: Morning Carr-just sent you an e-mail-request for list of board members
Andrew [8:36]: Tomorrow morning is the preliminary GDP data for Q1
Andrew [8:36]: We don't really have to worry about the meaning of the numbers - just how other traders react to them.
nester [8:37]: April durable goods orders up healthy 2.9%
Andrew [8:38]: It was -1% excluding the transportation component though. The market hasn't moved much.
nester [8:39]: came from this... http://www.marketwatch.com/story/april-durable-goods-orders-up-healthy-29-2010-05-26?siteid=bnbh
madriver [12:39]: morning all
madriver [12:40]: nester...sent you an email. thanks
carr [8:40]: morning madriver
nester [8:40]: morning mad... already replied...
madriver [8:40]: morning
Andrew [8:41]: Analysts often exclude the transportation component in their analysis since orders for aircraft and stuff like that can be very volatile month-to-month.
carr [8:41]: DJ why do you keep changing your name? :-)
carr [8:42]: good morning lewy
madriver [8:44]: karen....what does BK mean?
Andrew [8:45]: Good morning madriver. See any good stocks for today?
DJalecC [8:46]: I'm logged in on 2 computers, one is lower case, one upper case! LOL, changed it now, got the wife looking for stocks to buy.
carr [8:47]: DJ I thought maybe you were having an identity crisis LOL
madriver [8:47]: andrew.....looking around here...
DJalecC [8:47]: LOL had that years ago!
DJalecC [8:48]: morning all by the way! :-)
carr [8:48]: I kind of like RIMM today
Andrew [8:50]: RIG got sold off extremely hard the last several weeks - now rebounding.
madriver [8:51]: I think it's going to be up at the open and possibly sell off...I don't know why I even make that statement because it's simply guessing. I don't think the EU issue is played out completely either so..........
madriver [8:51]: transocean...no thanks
jim [8:52]: Agree with andrew RIG may be a good play
madriver [8:52]: I agree with him however........
jim [8:52]: morning all
carr [8:52]: RIG looks good to me on a 60m but I am not that optimistic on a 5m
carr [8:52]: morning jim
jim [8:52]: morning Carr
Buy_hi_Sell_low [8:53]: Out of all my current DD, AKS sitll comes out on top! There are a few other stocks that are close.
madriver [8:53]: might be good this morning if they can top kill that well but if it doesn't work RIG MIGHT go down in flames........
Andrew [8:53]: Companies like that could maybe be a good long-term investment once the oil spil stuff is all in the past?
madriver [8:53]: agree andrew
jim [8:54]: Agree Andrew BP may also be a good one but I would wait for awhile
madriver [8:54]: to be honest it is killing me to see the damage being done
Andrew [8:54]: Yeah it's really horrible
jim [8:55]: This spill will go down as the worst in history before it is over
madriver [8:56]: solar and wind might go up because of proposed subsidies Obama is running around with plus if they don't kill this well.......it could be a game changer because it will take 2 more months to drill a relief well.....
Andrew [8:57]: The solar companies' charts are all terrible currently.
madriver [8:57]: Look at JASO...what does that look like?
Andrew [8:58]: They're back to March 2009 levels
jim [8:58]: jaso, ldk, solf any others we should be looking at?
madriver [8:59]: looks like it's going to gap up.
madriver [8:59]: ESLR....lol
Andrew [8:59]: sol, csiq, tsl, stp, spwra, fslr come to mind
madriver [8:59]: talk about tanking........ESLR...holy cow
nester [9:00]: JASO chart looks like a nightmare... it should be falling according to the chart, but will move up in the next day or so to mid 5's
Andrew [9:00]: Interesting with JASO - noticed it bounced right at a trendline connecting lows from (5/19/09, 10/27/09, 10/28/09, and 11/27/09)
nester [9:02]: Karen - FAZ is pulling back up a bit. don't slit your wrists yet... lol
madriver [9:02]: Nester......nightmare because...I see the 100ma is frightning...other reasons
Andrew [9:04]: I also forgot csun, emkr, ener, solr, and yge
nester [9:06]: mad - pattern wise. all over the place. look between Dec to present on daily. the 200ma is moving steadly up and the 10/20/50ma's are crossing constantly. the price is right on the 200 right now and in the past it has bounced off that. if it does fall thru it, could be on the way down to the $3's if you trade this, day only as there is no real clear direction to me...
madriver [9:06]: take a look at pwer....hit some new highs recently
madriver [9:07]: okay.....I didn't look at it closely but I will....thanks Nester
jim [9:08]: Got leave in a few minutes for all day meeting , I am in the east seems odd to be starting work at 9am
nester [9:08]: is it me or does this not feel like a decent up day?
Andrew [9:08]: Because of the pullback after the 8:30am data?
nester [9:09]: yeah, maybe... something just feels strange today...
madriver [9:09]: for what it's worth I think it's up then down ...down for the day
Andrew [9:10]: There's also new home sales data @10am and oil inventory data @10:30
Andrew [9:11]: I think there might be enough shorts in this market for us to move higher for a while.
nester [9:11]: i'm short on a few from last nite. think i will hold them thru this mess today. thinkin Friday we will be back to our downtrend
madriver [9:12]: what month is new homes sales for?
Andrew [9:12]: April
ortrade [9:13]: good morning
madriver [9:13]: That might be okay.....since the tax credit was still there I believe...actually might be a real good number
nester [9:13]: here is the calendar bookmark this page... http://biz.yahoo.com/calendar/
majour [9:14]: morning ortrade
madriver [9:14]: made shortcut....thanks Nester
madriver [9:16]: sorry I should do this on my own but working and trading on the side
madriver [9:16]: work from home
ortrade [9:17]: morning majour, my forecast for the day.. the market is still at the fat finger level and yesterday was nothing but a hammer with large indecision on daily on DJI and SP500. Given the GDP tomorrow, today it maybe a sideways market perhaps larger volatility with possible reversal around 1.20am..
madriver [9:17]: Nester....I saw the chat about Futures last night...probably going to move in that direction because can trade off hours
madriver [9:17]: problem I don't know anything about futures
Andrew [9:18]: I think it restricts you to trading either commodities or an index like SPY, QQQQ, DIA.
Andrew [9:20]: One thing I like about the stock market is that you can trade virtually anything due to ETFs.
madriver [9:21]: Andrew...my preference it definitely equities...I enjoy it
Andrew [9:21]: If most things aren't really moving much in a low-volatility period, you can usually still find a few individual companies making good moves.
nester [9:21]: mad - a bit to learn. going to go thru and test a bit before trying it. MoNk has been trying to talk me into that for months... will more than likely try it out soon
madriver [9:22]: let me know what you think and how it goes. I liked your comment where you said "now I can loose money at night" or something like that...
Andrew [9:23]: I think some people get into futures trading since there is no SEC pattern day trading rule and you can use a lot more leverage.
nester [9:24]: lol... i tend to not "test" systems near enough like Andrew or Sandman... so i lose $'s at first.
madriver [9:25]: I haven't backtested anything in awhile
guymar [9:25]: in volatile periods futures are perhaps better or at least equivalent
guymar [9:26]: during range bound periods or sideways periods stock offer some advantages
Mckoan [9:29]: A friend of mine who owns a seat at the Board of Trade cautioned me about trading futures. These days when a fund comes in and buys/sells a thousand contracts, you had better be on the right side or you get killed. Similar what JP Morgan does at least one a year in the silver market.
Andrew [9:30]: There's a recent documentary about Chicago futures traders you can watch here... http://www.babelgum.com/5003507/floored-episode-1.html
nester [9:30]: thx...
guymar [9:32]: upro 134.98
nester [9:34]: SQNM 6.40
Gar [9:35]: test
guymar [9:40]: out 136.25
majour [9:41]: L LCC 8.18
knight [9:42]: KAREN I HOPE YOU SOLD faz YESTERDAY !
knight [9:44]: take profit from faz 17,5 to 15,2 part 2
madriver [9:44]: hey knight...peix was a bad recommendation
knight [9:45]: take profit from tza 8,1 to 7,26 part 3
madriver [9:45]: unless your time horizon is 2-
knight [9:46]: no peix is doing pretty well as plan madriver
knight [9:46]: i am not a daytrader over peix
majour [9:47]: out LCC 8.36 +2.2%
knight [9:47]: my timeframe is a one - 3 month
nester [9:47]: out SQNM even...
Andrew [9:48]: long S 5.10
knight [9:48]: because it's so cheap now - i am still loading
nester [9:49]: FAZ is ticking north
guymar [9:49]: back in upro 135.00
ortrade [9:50]: Market is rather bullish today stocks with bad/mixed news are rallying..
knight [9:50]: take profit from RDN 8,5 to 9,1 part 1
guymar [9:51]: more erratic than yesterday
ortrade [9:51]: I expect morning shorts not to work today very well..
knight [9:52]: take profit from solf 5,9 to 7,02 part 1
knight [9:53]: that's my kind of market
knight [9:53]: take profit from SEED 7,15 to 8,15 part 2
guymar [9:55]: out upro 136.1
nester [9:57]: TXT 20.37
Andrew [9:59]: out S +1%
ortrade [9:59]: HPQ 200s@46.55$pe
Andrew [10:00]: short S 5.17
karenbcz [10:00]: NESTER: we'll get to buy FAZ calls super cheap!
nester [10:00]: karen - that is what i am lookin forward to...
knight [10:01]: take profit from tza 8,08 to 7,12 part 4
nester [10:01]: still holding my other calls
Andrew [10:01]: New home sales a lot better than expected
Iswing64 [10:02]: L LPX @ 8.21
Joe47121 [10:03]: ALL: CIGX
nester [10:03]: NEW YORK (MarketWatch) -- U.S. stocks opened higher Wednesday after the prior day's late surge. A healthy durable goods report also inspired buying on Wall Street. "Investors may feel slightly relieved following yesterday's huge upward market reversal," said Fred Dickson, chief market strategist at Davidson Companies.
karenbcz [10:03]: NEST: i still havew HUGE FAZ position. I"m in a deep bottomless pit right now.
Joe47121 [10:03]: Something is brewing with CIGX.
nester [10:04]: don't see it stayin down at these levels.
madriver [10:04]: smoking with CIGX
Iswing64 [10:04]: L STEC 12.25 tight stop
knight [10:04]: surprise , they have stop hammering the market with EURO FEAR and KOREA WAR - wow - you see how they try to send the market the way they want - yesterday everything was bad - today - only one day after everything is looking good.
Andrew [10:04]: S short was a relative weakness play
madriver [10:06]: karen ..hang in there for what it's worth. Ther will be more out of the EU I believe
Andrew [10:06]: Dollar on highs
DJalecC [10:07]: peix flying
knight [10:07]: madriver don't believe me on peix
knight [10:08]: but i take the 12,34 % more in my wallet anyway...
madriver [10:09]: knight....just not convinced however you may be right
Andrew [10:09]: long FAS 24.14
guymar [10:10]: this rally is there to position a major bear rally afterwards - spitting in the wind they call it if I remember well
ortrade [10:10]: AKAM 200s@39.89$pe
nester [10:10]: FAZ 15.26
knight [10:10]: i follow peix more than 4 years now... i know how the compagny is doing and know very well the ethanol market...
guymar [10:11]: not complaining, had 2 very good scalps today, I'm already very happy with that - ethanol, the Brazilchi way :)
Andrew [10:11]: added to FAS 24.00
madriver [10:11]: go faz
guymar [10:12]: aha peix - a flying trashcan
knight [10:12]: oil industry is trying to bash the ethanol because they stil want to control all the market....and continue to rob money in our pocket , day after day - they try to kill every other solution that's work .
guymar [10:13]: you need to pump a lot to keep it in the air, and when it crash-lands there's something smelling not quite right
Andrew [10:13]: lol
madriver [10:13]: knight...do you know anything about ethanol??
madriver [10:14]: the product
knight [10:14]: no time for that guymar...
truth [10:14]: knight operating in reverse profit mocd
guymar [10:14]: whatever you do: don't drink it!
nester [10:14]: Ethanol Production Subsidiaries File Amended Plan of Reorganization
Andrew [10:14]: added to FAS 24.10
knight [10:14]: yes i know very well and it's one solution for the future
madriver [10:14]: amended plan=no good plan
guymar [10:15]: Nester: does that phrase actually mean anything?
guymar [10:15]: Why not algodyne?
madriver [10:15]: I don't agree
Andrew [10:16]: out S +2.1%
madriver [10:16]: it's an additive to gasoline...case closed
nester [10:16]: yes. read news on it. they are going thru Chapter 11.
guymar [10:16]: Algodyne?
knight [10:16]: news on what nester ?
nester [10:17]: peix
guymar [10:17]: ok - so it really is a flying trashcan
knight [10:17]: you don't know what you are talking about - PEIX never been on chapter 11
nester [10:18]: Pacific Ethanol, Inc. (the "Company") (Nasdaq:PEIX) announced that on March 26, 2010, its wholly-owned subsidiary, Pacific Ethanol Holding Co. LLC ("PEH"), together with PEH's four wholly-owned ethanol production facilities ("Plant Subsidiaries"), filed a Plan of Reorganization ("Plan") and related draft Disclosure Statement with the U.S. Bankruptcy Court in Delaware in cooperation with WestLB AG and other secured lenders. The Company expects PEH and the Plant Subsidiaries to emerge from bankruptcy near the end of the second quarter of this year.
madriver [10:18]: knight will be right if gasoline goes to 125 dollares a barrel
madriver [10:18]: looks like it has?
knight [10:18]: Pacific Ethanol Holding Co. LLC ("PEH") the son compagny - nothing to do with peix
guymar [10:18]: and algodyne is OTCC don't like that, but like the idea of making ethanol with algae muck is nice
nester [10:19]: Details of the Plan and Disclosure Statement are set forth in a Current Report on Form 8-K filed with the Securities and Exchange Commission today.
This press release is not intended to be, and should not in any way be construed as, a solicitation of votes on the Plan. The information contained in the proposed Disclosure Statement should not be relied upon for any purpose until a determination by the U.S. Bankruptcy Court is made that the proposed Disclosure Statement contains adequate information, as required by the U.S. Bankruptcy Code.
The Pacific Ethanol, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5940
ortrade [10:19]: Exit HPQ -40$pe AKAM -42$pe
guymar [10:19]: if you go for alternative energy try Linde
knight [10:19]: that's means , you should avoid to talk here - when you don't know....
nester [10:20]: sure... need to learn to read, right?
knight [10:20]: what you are talking about ..... read carefully before to make your opinion !
nester [10:21]: i'm just posting information that is available... i still can't figure out why if someone questions you, you attack them.
knight [10:21]: there is a world of difference
Andrew [10:21]: added to FAS 24.01
Mckoan [10:22]: Back into SDS long @ 34.60
knight [10:22]: sometime it's better to say nothing if you don't know - instead of throwing the baby in the toilet
nester [10:22]: it isn't an opinion. it is a "new article" need you learn the difference...
Hank [10:22]: morning all,in early, got pulled away,
guymar [10:23]: is it a baby or a t***? sorry but this seems all to dotbomb to me ...
jlm1 [10:23]: http://greenstockscentral.com/pacific-ethanol-peix-places-4-plants-in-bankruptcy-protection-1622.html
madriver [10:23]: no matter.....PEIX is a penny stock for a reason.
Hank [10:23]: HNSN 2.18/2.38 .20 9% 05/25
Andrew [10:24]: added to FAS 23.93
knight [10:24]: never forget - when someone write a article - what's reasons to do it ? look behind the fence
Hank [10:24]: F 11.33/11.78 = .45 4% 05/24
karenbcz [10:25]: GUY: I can't open your SF Filter email. Would you kindly send me your filter called "VXX Buy Signal", so I can backtest it. THANK YOUUU! :>)
ortrade [10:25]: good trades Hank.
guymar [10:25]: this is nice just entered at 3.69: NBIX
nester [10:26]: i do that all the time... still, if it is reported, it is news. fact they file for Chapter 11 is still a fact. i don't care one way or another about it. too cheap to drop on my radar.
guymar [10:27]: Karen: it's simply on the forum as well you can take it from there
karenbcz [10:27]: ok thanks.
nester [10:27]: FAZ moving again...
Hank [10:27]: ortrade, thankyou,; just post time and date of all my trades, , no faulse trades here.
knight [10:28]: i keep holding and discuss on peix because i had made my research and i know there huge value behind PEIX- it's oversold for more than 2 year. - Now it's so cheap the growth potential is huge and possibility to make $$$ - that's why
nester [10:28]: hey Mckoan - did you load up on that silver drop?
ortrade [10:28]: HPQ 200s@46.56$pe
knight [10:28]: the same thing with seed
Hank [10:29]: HNSN 2.32
guymar [10:29]: out NBIX 3.81
nester [10:29]: knight - not arguing with you. i have done very little research on it. first to admit that. hope you do well with it
ortrade [10:29]: Hank, sounds good.
Mckoan [10:30]: Nester - Bought over 5000 shares SSRI around $17.00 over the past week. I still have enough "powder to purchase another 4000 shares"
knight [10:31]: i am doing really well 12 % on it today - don't have any other investment who did better today
guymar [10:32]: on SSRI or on PEIX?
nester [10:32]: Mckoan - do you it is heading back up to test those highs from a week ago? or dropping a bit more? i'm getting ready to buy more silver
knight [10:32]: oops except solf
Treacherous_Cretin [10:32]: no offense knight, but you said peix was cheap at $1.60 and it has done nothing but drop since then.
Treacherous_Cretin [10:33]: You had to have sold those shares at a loss or are still holding them at a 50% loss now
ortrade [10:33]: My target on HPQ is 46.05
madriver [10:33]: Cretin...that is the problem I have a problem with...I do remember that as well
madriver [10:33]: that is what
Treacherous_Cretin [10:33]: I don't want to piss you off, but I remember you buying peix "cheap" at $1.60
truth [10:34]: some people have trouble with me
Treacherous_Cretin [10:34]: SEED is another that was going to shott up to $15 back when it was trading over $10. did nothing but tank since then
Mckoan [10:35]: Nester, I have a statistical piecce of software that predicts a tendency for silver to advance over the next two weeks. The sotfware does not give me price projections but rather trend tendencies.
nester [10:35]: out FAZ +0.8%
guymar [10:35]: HAUP
nester [10:35]: Mckoan - so, where does it say we are heading?
Treacherous_Cretin [10:37]: I think you make a lot of good choices. I just think you should also let people know when trades fail or when you average down. Nobody would question your credibility if that were the case. It just gets to be a bit much to believe when you come in out of the blue and say you are up 12% on peix when there was no mention of what happened to the rest you bought cheap at $1.60. That's all
guymar [10:37]: HAUP 3.04
Treacherous_Cretin [10:37]: Just want to reiterate that I like you and a lot of your trades. Just pointing out why some might have a problem with your credibility sometimes
Andrew [10:40]: out half FAS tiny gain
ortrade [10:41]: This market is insanely bullish..
Mckoan [10:41]: Nester, as I said before, the software statistically just gives a TREND tendency. I believe we will see SSRI at $25.00 and in the $30.00 next year. However, silver is still a trading vehical ( not buy and hold ) because of the antics of JP Morgan. When they choose to short silver, they are shorting millions of ounce. I would like to be a "fly" inside JP Morgan trading office.
Mckoan [10:41]: $25.00 this year
karenbcz [10:42]: ORTRADE; "insanely bullish"?? Like it was insanely bearish yesterday? lol!
Andrew [10:43]: We're near highs from Monday/Friday - not through it convincingly yet
nester [10:43]: Mckoan - thank you sir. i know you study that and i respect your thoughts. been buying about $2k - $5k worth of silver a month. this dip made me stop until it settles into a pattern again
Andrew [10:45]: added to FAS 23.98
nester [10:45]: out TXT +3%
ortrade [10:46]: karen all my watchers with mostly bad/mixed news were rallying since open: CAVM DT LLTC ARBA CRUS ASIA NOK CHU INFA TIBX SNDK CSCL JKHY BELM RMBS SKM SIAN ROVI BRKR SAPE NANO CVG CTL A ACXM IMA ADI NVLS CTXS IRF CTSH LEAP UIS MOT ALTR TSU IBL HDSU ONNN AMSC NTES PALM If that is not insanely bullish I dont know what that is.. lol..
madriver [10:46]: here we go sideways again
karenbcz [10:47]: Ortrade: I'm in the hole. If we have seen "the bottom", and the bull market continues, my trading "hobby" IS over.
Andrew [10:48]: out FAS -0.45%
Mckoan [10:48]: Nester- just a tip. I talk to SSRI investor relations just about quarterly. They are aware that I am big investor in the company. Keep in mind that SSRI has sold millions of shares to UBS this year at $17.00. I personally feel that with this market climate, SSRI management feels that $17.00 is a fair price for their stock. Therefore any time SSRI get to around $17.00, I am a buyer.
ortrade [10:48]: AKAM 200s@40.20$pe
Andrew [10:48]: The financials can't seem to get much traction this morning.
guymar [10:48]: This is a temporary bounce Karen, don't worry
guymar [10:49]: you could rack up huge losses but only temporary - unlike PEIX (sorry Knight, just teasing)
karenbcz [10:49]: Actually, I DID rack up a huge loss in PEIX.
karenbcz [10:50]: Learned my lesson ... AGAIN. Don't buy other peep's plays.
guymar [10:50]: ouch didn't know that
guymar [10:51]: HAUP stopped moving alltogether - out with tiny profit at 3.07
guymar [10:51]: this one made Ameritrade happy
madriver [10:51]: andrew...watching faz financials appear are not responding to up
madriver [10:52]: atleast at this point. faz is on the move
Andrew [10:52]: short RDN 9.00
nester [10:53]: Mckoan - thanks. i will keep it on a "watch" may follow you here and there
ortrade [10:53]: Hank, saw yesterday interesting movie on wall street, "Other's people money" Danny Devitto and Gregory Peck.
madriver [10:54]: nester...should of held faz longer
Andrew [10:54]: Was it good?
ortrade [10:54]: Target on AKAM 39.52$pe
Hank [10:54]: ortrade, good movie
nester [10:55]: mad - yeah should have... still have the call though
Mckoan [10:56]: Karenbcz- looks like you will be OK with FAZ. Appears the market is turning short term. I personally bought SDS this morning, so I am on your side.
ortrade [10:57]: yes Hank, deVitto did a marvelous job playing Garfield and his speech was rather fascinating.
madriver [10:57]: so am I...got faz to high at 15.50
Andrew [10:57]: short ATPG 13.06
ortrade [10:58]: Andrew, you may find the movie interesting also.
nester [10:59]: TXT short 20.80
karenbcz [10:59]: $15.50?? that's "high" to you? ROFL! Try $16.71 ..!
nester [11:00]: lol... thats just a day away...
guymar [11:00]: no stress - faz will be 30 before the end of the summer
karenbcz [11:00]: GUY: XOXOXO love ya'!
karenbcz [11:00]: LOL!
Andrew [11:00]: That's quite a prediction.
karenbcz [11:00]: :>)
karenbcz [11:01]: i'm all SMILES right now.
karenbcz [11:01]: Andrew :>) ... :>)
guymar [11:01]: Logical - we'll have the Greece default in between
karenbcz [11:02]: That reminds me ... I shudda bought some FAZ CALLS 15 in. ago!
guymar [11:02]: uhoh - spy dove under the Ichimoku cloud
Andrew [11:02]: Is that good or bad?
guymar [11:03]: depends if you're long or short
guymar [11:03]: but it's a bearish signal
Andrew [11:03]: Long
Andrew [11:03]: Ok good, I'm short
guymar [11:03]: it's just in the 1' chart - don't panic
Hank [11:03]: HNSN 2.28 part 2
Andrew [11:03]: You really like the 1 minute chart?
guymar [11:04]: Only with teh Ichimoku
guymar [11:04]: I look at 4 timeframes at the same time
guymar [11:04]: I'm really tired by the end of the day
guymar [11:04]: lol
guymar [11:05]: 5 charts 2 Ichimoky and 3 classical
guymar [11:05]: Ichimoku sorry
karenbcz [11:06]: dang it! the Jun $15 FAZcalls were only $1.65!
karenbcz [11:07]: they're already up .20.
Buy_hi_Sell_low [11:07]: In VTRX @ 35.02!
Andrew [11:07]: We look to be bouncing here
Buy_hi_Sell_low [11:07]: Sorry VRTX I mean
Buy_hi_Sell_low [11:08]: Sure glad I get the order speeled right
ortrade [11:08]: Stock market purpose is to ensue progress that is companies adapt to current needs/tech advances or perish.. No matter how punctual/dedicated workers in a company are if company products are outdated accumulation of such companies can collapse economy. Within these constrains going long on a honest investment that is financially profitable becomes a tough endavour with the higher food chain animals hedge funds and institutions piled on the small investor neck..
guymar [11:08]: That is a beauty, better than AKAM - I'm follwoing suit
karenbcz [11:10]: Oh man! Guy! I just applied Ichimoku cloud to FAZ .... looks VERY bullish.
karenbcz [11:11]: Of course, I've never used Ichimoku clouds, so not sure WT+ I'm really looking at. lol!
karenbcz [11:11]: I assume if price is BELOW cloud, that's bullish.
guymar [11:11]: no that's bearish
guymar [11:11]: lol
guymar [11:12]: you're using it on TOS?
guymar [11:12]: 35.53 VRTX
guymar [11:12]: let me get some links for you
madriver [11:14]: I'm not convinced we're going too far right now. Volume has been flat to down over the past 1/2 hour
guymar [11:14]: http://www.fxfisherman.com/forums/forex-metatrader/indicators/6551-introduction-ichimoku-indicator-how-trade.html
guymar [11:15]: this one is better: http://www.kumotrader.com/ichimoku_wiki/index.php?title=Ichimoku_trading_strategies
guymar [11:15]: http://www.fxwords.com/u/ichimoku-cloud.html
guymar [11:15]: the last 2 links are the best I found
Andrew [11:17]: Do you think there might be an attempt to fill the gap today?
guymar [11:21]: to the downside?
Andrew [11:21]: Yeah
guymar [11:21]: not really, we had no real gap if you take in account premarket
guymar [11:21]: but yesterday we had a huge one
Andrew [11:22]: Why would you take into account pre-market?
guymar [11:22]: dunno I always do
Andrew [11:22]: interesting
guymar [11:23]: well I guess it's more for our kind of trading
guymar [11:23]: if you're doing more longer term stuff it might be the opposite?
Andrew [11:26]: added to ATPG short 13.00
Andrew [11:27]: Hmm, selling really intensifying now.
guymar [11:27]: bailed VRTX tiny loss
guymar [11:27]: FAZ started trending
Andrew [11:28]: I really that the buyers would be stronger today.
Andrew [11:28]: really thought that
guymar [11:28]: yes me too
guymar [11:29]: saw that a couple of NASDAQ stocks I was wathcing started tanking before the rest no good sign
Andrew [11:29]: The market going back through highs around 10:35 was really tricky.
guymar [11:30]: Actually looking for opportunities in this market is stupid
Andrew [11:30]: Why?
Mckoan [11:30]: Exited SDS @ 35.05 for a .45 gain.
guymar [11:30]: better to watch the big guys like faz upro etc and time those trades better
Buy_hi_Sell_low [11:31]: Support for VRTX was at 34.80. It did not break through and I bought in at 35.02
karenbcz [11:31]: GUY: Thanks for brining up that ICHIMOKU indicator. It looks outstandinng!!
guymar [11:31]: It looks very nice - perhaps a good one for you with your poor eyesightù
Buy_hi_Sell_low [11:32]: You never know! Powers that be.
ortrade [11:32]: in fact etfs are much harder to trade as there is no news info content in them like in stocks..
nester [11:33]: ortrade - but that is what makes them easier also. stupid news on something you are holding can tank you if your long on it
guymar [11:33]: iI should have added - for my mindset (purely chartist) etfs are actually better
karenbcz [11:34]: NESTER?
nester [11:34]: regarding the trading ETF's vs stocks
guymar [11:34]: but you are right BHSL - meanwhile it's up
guymar [11:36]: but I saw a setup I like - Bollinger inside Keltner - and I got afraid the big move (which is on now) could go against me fast and in a thin market (I went in with 1000 shares and that moved the spread up)
ortrade [11:37]: there are pros and cons to news.. - in the long run my experience with etf is they are harder to trade as low info content makes etf price changes more random and harder to predict.. On stocks I use news.google.com and it gives news on stocks by the minute.. works well for me..
Andrew [11:38]: back short S 5.03
guymar [11:39]: I never look at news
nester [11:40]: lol... i'm just the opposite. i like the ETF's the overall trend drives it and i tend to do better with that.
guymar [11:40]: I used to be a consultant for an IPO outfit ... since then I started mistrusting news
ortrade [11:40]: Also news is not like good news buy and bad sell or the opposite. Reading news and assesing the stocks is like reading a chart.. I use both..
Andrew [11:40]: I like ETFs when the VIX is high and hate them when the VIX is low.
guymar [11:41]: I agree with you nester
nester [11:41]: out TXT short +1.2%
Hank [11:42]: BP .http://blogs.wsj.com/marketbeat/2010/05/26/bp-to-cut-camera-for-top-kill-solution-will-not-be-televised/?mod=msn_money_ticker
guymar [11:42]: today started well but now ....
guymar [11:42]: lol Hank
guymar [11:43]: spread on UPRO has become a joke
Andrew [11:43]: addded to S short 5.07
guymar [11:44]: 14 points!
guymar [11:44]: is there another 3 x bull SPY?
Andrew [11:44]: BGU is pretty close - Russell 1000
nester [11:45]: here are the ETF's http://etf.stock-encyclopedia.com/
guymar [11:45]: better - 2 points spread
guymar [11:46]: BXUB
guymar [11:47]: spread even worse
Andrew [11:47]: That one has suoer liquidity, lol.
Iswing64 [11:47]: L FAZ @ 15.71 sorry slow
Andrew [11:47]: super
guymar [11:47]: came back to reasonable levels
Andrew [11:47]: its avg. volume is 3,000 shares a day
ortrade [11:47]: Interesting post Hank. In the morning I usually screen fast news on each stock in my watcher and when finding agreement with chart I enter..
guymar [11:47]: 6 points now
Andrew [11:48]: Wow, these sell programs are getting surprisingly aggressive.
nester [11:48]: karen.. feeling better?
guymar [11:48]: thanks for that link, great info
guymar [11:48]: thanks Nester
nester [11:49]: anytime... they have ETF's for everything
Andrew [11:50]: Someone should invent an ETF for all stocks not represented in any other ETF
guymar [11:51]: we have started trending in the opposite direction
nester [11:51]: have a meeting. back in a hour or so...
ortrade [11:51]: Charts usually contains what the stock did "till now". News constantly gets priced in. That is why ignoring the external "news" that impinges on trader decision on the stock likely can lower chance of success..
guymar [11:53]: let's agree to disagree on that one
guymar [11:54]: a lot of the time the timing of the news releases are in function of the stock price
guymar [11:54]: bad news gets packed together during bear markets, so it will appear normal
Andrew [11:54]: out S -0.2%
guymar [11:57]: for this type of situation as we are having now the Ichimoku cloud is great
ortrade [11:57]: I agree with your two observation from 11.54 it reminds me of chart reading.. how come stock did not reverse on the CCI extreme or on some strategy.. news are no less treacherous than a chart.. lol.. it is why they do not warrant to be ignored..
Andrew [11:58]: The price movement today is kind of choppy.
guymar [11:58]: :) I used to write the releases together wiht the main shareholders spitting in the wind for stuff like PEIX
guymar [11:59]: the correlation stopped when it was bought by a pension fund :)
guymar [11:59]: (as reference shareholder)
rw [12:00]: ANDREW" is Picker or Pecker -= still here---
Andrew [12:00]: I haven't seen him online this week.
ortrade [12:03]: NOK 200s@10.04$pe
Andrew [12:03]: If anyone wants a safe entry to short RDN, maybe enter at 9.00 with a stop at 9.03.
rw [12:04]: Andrew = I am getting impatient for an answer about Picker
rw [12:04]: sorry ANDREW- DID NOTsee your reply ----I also forgot to take almost all meds today LOL
rw [12:05]: somehow I had Mr. Ortrade Blocked - He is un Blocked now
rw [12:05]: I will double up on Xnax and valium LOL LOL
rw [12:06]: LOL
Andrew [12:06]: Never mind about RDN, the mortgage insurers are apparently getting strong all of a sudden.
guymar [12:06]: meanwhile entered UPRO on 135.44
guymar [12:06]: damn - spread going up again I HATE that
guymar [12:07]: this is going to happen more and more with uptick rule
Andrew [12:07]: Can't someone just create their own uptick by buying 100 shares and then shorting 1,000 or something like that?
guymar [12:08]: I haven't thought of that
guymar [12:09]: every time trends becomes unclear bam - the spread widens
guymar [12:10]: both on UPRO and the other one
Hank [12:10]: 2 different trading accounts work fine on that subject.
guymar [12:10]: ?? what do you mean?
rw [12:11]: CIGX bears watching a tobacco stock........may have some insight in alzheimers a nicotine help or it may retard it...also settled a suit with RJR
Hank [12:11]: Td account buy 100 shares, Scot trade short 500 example only
guymar [12:11]: out 135.53
guymar [12:11]: of UPRO
Andrew [12:12]: short CIGX 1.64
guymar [12:12]: and manipulate that way you mean?
Hank [12:13]: yes. works on slow days better and low volume
Andrew [12:13]: How does that help Hank?
guymar [12:13]: you would do this to be able to short if no shares available?
Hank [12:14]: one has to take time in the after hrs and see how many insiders have sold and bought.
guymar [12:15]: ok, but if they have used dark liquidity pools, how can you see this?
rw [12:15]: PM is another tobacco stock--internationalllll it may have hit bottom
Hank [12:16]: I ususally watch the CEO and the principal 10% of insiders, and try and follow their trades.
guymar [12:16]: back in upro 135.44
guymar [12:17]: where do you find this type of information? on the corporate website?
Hank [12:19]: Start with Finviz.com, look for insider trades. Has some good insider buys and sells.
guymar [12:22]: grmbl UPRO behaving like an option if this is confirmed over time I's better start trading options
Iswing64 [12:22]: Stoped ou tFAZ -2%
Andrew [12:25]: Where did the sellers go?
guymar [12:25]: out 135.68
guymar [12:26]: ?
guymar [12:26]: I'm seeing resistance galore
Hank [12:26]: http://www.insider-monitor.com/
ortrade [12:28]: the indexes for last half our or so were climbing slowly on the 40MA on the 5min chart
rw [12:28]: guymar IS UPRO 2x the SP please
Iswing64 [12:30]: L faz @15.57
ortrade [12:32]: CAVM 200s@26.33pe
Andrew [12:37]: out ATPG tiny loss
Andrew [12:38]: out RDN -0.67%
ortrade [12:41]: Hank, thank you for post at 12.26 dont quite know yet when to go contrarian/do same as insiders - site is very usefull..
Iswing64 [12:43]: Out LPX +1%
ortrade [12:43]: Exit AKAM +145$pe (+1$pips) using morning news..
ortrade [12:47]: NTAP 200s@32.71pe
guymar [12:48]: sorry rw - had to leave the screen a moment, it's 3x bull SP
rw [12:48]: Thanks guymar......LEECO failed to include that one on his lists......
rw [12:49]: What chart (time frame ) do you watch guymar ----Please
guymar [12:50]: 1, 5, 15, 60 minute + 1 and 5 minute with an Ichimoku cloud
guymar [12:50]: Five screens in all on 2 physical screens
Andrew [12:55]: out CIGX +1.22%
Andrew [12:55]: Shorts seem pretty dangerous at the moment.
guymar [12:58]: yes my favourite setup is coming up in the 15 and 5 minute SPY - bollingers inside keltners - big jump coming up
guymar [12:58]: longs as well
guymar [12:58]: (dangerous I mean)
Andrew [12:58]: long RDN 9.03
Hank [12:58]: MOT 6.83
Andrew [12:59]: long ATPG 13.04
Andrew [12:59]: The stuff I was shorting seemed to be holding up pretty well so flipping directions.
guymar [13:00]: long ATPG seems yikes to me
Andrew [13:00]: Why?
guymar [13:00]: giving bearish signals in all timeframes on my screens
guymar [13:01]: well its holding up the MA 10 in the 1'
guymar [13:01]: that's bullish
guymar [13:02]: kudo's Andrew, I don't have the b**** for that trade :)
nester [13:05]: SQNM 6.36 swing trade
Andrew [13:05]: I didn't think it was too risky - buying a pullback in a very strong stock on the day that is also oversold on the daily.
guymar [13:06]: RSI for oversold status?
Andrew [13:06]: Nope, just eyeballing the chart.
guymar [13:06]: lol
Andrew [13:07]: It was down 50% in less than a month.
ortrade [13:08]: I'll be very surpised if market will rally at 1.20 (or in the ball park) with GDP tommorrow..
guymar [13:08]: what do these guys do actually?
Andrew [13:09]: ATPG does something with oil (similar to MMR, SGY, and WTI) and RDN is a mortgage insurer (similar to PMI, MTG, MBI).
guymar [13:10]: aha ...
guymar [13:10]: the market move could very well be to the downside ....
guymar [13:10]: aha was for ATPG - sorry
Andrew [13:13]: added to RDN 9.10
ortrade [13:20]: FNSR 200s@14.50$pe
Andrew [13:24]: This market is showing signs of possibly a very large move higher.
guymar [13:26]: paper trade UPRO 47.68 - I agree and I have to leave for an hour hence the paper trade ....
nester [13:26]: watch SQNM pressure building on it. been sideways all day long. it should break hard one way soon
Iswing64 [13:30]: Out FAZ tiny loss
ortrade [13:32]: INFA 200s@25.23$pe
madriver [13:32]: seize all BP assets in the US
Andrew [13:38]: We might be headed back to highs.
ortrade [13:38]: Exit HPQ +33$pe
ortrade [13:39]: Exit NOK -8$pe
ortrade [13:39]: Exit INFA -10$pe
ortrade [13:40]: Exit FNSR -14$pe
Iswing64 [13:42]: Problems with chat or just me ?
Andrew [13:42]: What's the problem?
Iswing64 [13:43]: very slow or not at all...just restarted.
Iswing64 [13:43]: Ok now
ortrade [13:46]: Exit CAVM -22$pe
ortrade [13:48]: FNSR 200s@14.48$pe
ortrade [13:49]: INFA 200s@25.20$pe
Iswing64 [13:49]: SOLF @ 7.33
ortrade [13:51]: exit NTAP -68$pe
Iswing64 [13:58]: Go solf!!
ortrade [13:58]: this market looks dead..
ortrade [14:01]: it just puts me to sleep..
Andrew [14:01]: light volume mid-day
Hoecake [14:03]: Why the bump in SOLF, I remember that used to be Raymoney's favorite stock
Andrew [14:03]: short SOLF 7.62
Andrew [14:03]: 7.61 actually
Andrew [14:04]: I think they had good earnings
Andrew [14:04]: It looks pretty over-extended now though and near 50-day moving avg.
ortrade [14:05]: CAVM 200s@26.35$pe
Andrew [14:16]: out SOLF +2.1%
ortrade [14:16]: NOK 200s@10$pe
Hank [14:18]: Q 5.10/5.20 2% 05/25
fwguyus [14:18]: s
moby [14:19]: huh
Andrew [14:19]: long S 4.93
moby [14:19]: speed good here
123 [14:23]: bought 4 erx puts strike 28.00 at 2.20 have to leave and put charts back up....closed by mistake
fwguyus [14:27]: Long LWSN
ortrade [14:28]: ERIC 200s@9.91$pe
Andrew [14:28]: out S -0.4%
knight [14:28]: take profit solf from 5,95 to 7,59 part 2
nester [14:28]: fw - do you remember what ticker we bet each other on?
carr [14:29]: Does anyone know why RINO has taken off I don't see any news that would justivy the big spike up.
rw [14:29]: WELCOME new trials....We are glad you are here...be sure and check out the tutorials and all the screens.............
fwguyus [14:30]: dont remember, but i think you were going to papertrade it?
ortrade [14:30]: LWSN 200s@7.99pe
fwguyus [14:31]: Possible breakout starting on LWSN
nester [14:31]: whatever it was, i think i'm winning :)
carr [14:31]: nester now would be a good time to pick anything that has gone up and win the bet LOL
ortrade [14:31]: CVG 200s@10.83$pe
fwguyus [14:31]: probebley..cuse i doing really crappy today...
knight [14:32]: seed is looking pretty good for a run
nester [14:32]: carr - thats what i'm thinkin
Hank [14:32]: nester, dont forget the commissions owed , betting is not good for health, lol
nester [14:33]: well, fw will pay if i win this...
jim [14:33]: hey how much is my commission?
rw [14:33]: lots of people made money on SEED Dr. Knight ------I recall when it was in the ten dollar range ---did well up and down on many days
Andrew [14:33]: out RDN no gain/loss
Andrew [14:33]: out ATPG -0.8%
carr [14:34]: knight, I think SEED looks good as well especially on a 60m chart
nester [14:34]: you guys need to figure out what the bet was. then we will talk commissions! :)
carr [14:35]: nester I think the bet was that I get 10% of all gains.
nester [14:35]: hey jim - i'm thinkin SQNM is loading up to breakout. been stuck in a 5 cent range all day
nester [14:35]: carr - you may be right...
fwguyus [14:35]: yea..i think SQNM is getting ready too..
jim [14:36]: Nester agree I think I will try some SQNM
jim [14:37]: L SQNM 6.34
Andrew [14:37]: So much for the market getting strong, lol. I was fooled by the mid-day rally.
nester [14:37]: or it could drop...
123 [14:37]: nester you still have erx puts?
nester [14:37]: yes, still have them
nester [14:37]: you?
Iswing64 [14:37]: Out SOLF +3.5%
jim [14:39]: L PCBC 1.67
123 [14:39]: got booted off...told you to wait for run up to buy but you should come out good....the market volume droped -21%....looks like volume should come in to downside
carr [14:40]: nice one swing
nester [14:41]: its down a little... once i get out of a few of these, i'm going to look at this a bit more. i'm in a few too many tickers right now
123 [14:41]: a/d line is lowest of day from +9
Hank [14:41]: I got more apples on my tree than the volume in the market has today, Maybe tomorrow,
Iswing64 [14:41]: thanks carr
123 [14:41]: your still swiming on the put but it will come back
nester [14:43]: its right at where i would stop it out; however, looks like a lot of weakness on it whenever it at this level. should drop soon
fwguyus [14:43]: s looks like its gonna make another run today
Andrew [14:44]: I highly doubt it.
123 [14:44]: look at a/d line bleading off
ortrade [14:46]: Exit CAVM +36$pe
ortrade [14:46]: correction exit CAVM +46$pe
ortrade [14:46]: Exit FNSR +35$pe
Andrew [14:47]: We're closing to turning negative now. Was there some news or anything?
ortrade [14:47]: Exit INFA +30$pe
Andrew [14:48]: close to
ortrade [14:48]: GDP is tomorrow not today I guess..
ortrade [14:48]: Exit CVG +30$pe
123 [14:48]: it was in the charts and sv market data above....the reversal on market
123 [14:49]: allready up on my put i just posted
ortrade [14:49]: Exit ERIC LWSN and NOK 6$pe each.
123 [14:50]: they were signing in the streets on cnbc about market
nester [14:50]: out SQNM -1.2% sorry jim
Andrew [14:50]: long SOLF 7.42
ortrade [14:51]: around +70$pe for the day probably will watch from now on..
guymar [14:51]: Lucky that BXUB was a paper trade
Andrew [14:53]: out SOLF -0.4%
guymar [14:53]: Andrew did you check the beta on SOLF
guymar [14:53]: ?
ortrade [14:53]: GLW 200s@16.87pe
Andrew [14:54]: Nope, why?
123 [14:54]: vix at new high for day confirming new market downtrend
ortrade [14:54]: HTCH 200s@5.22pe
guymar [14:55]: if it's stronly correlated with the index on the up or downside ... could get scary
guymar [14:55]: it might just move like the market with a lag + mutliplier
guymar [14:57]: yet again a good pick - I'm just going to follow your trades
guymar [14:58]: seems a lot easier
guymar [14:58]: :)
jim [14:58]: L ENCO 2.80
Hank [14:58]: lol
ortrade [15:00]: Exit GLW -19$pe
nester [15:02]: FAZ short 15.67
Hank [15:03]: AEO 12.90
ortrade [15:03]: I posted at 9.17am today the market forecast if you are interested I invite you to take a look..
guymar [15:05]: Ok - so you will post it every day allowing us to trade accordingly? Please?
123 [15:06]: nice -1000 down tick for shorts
Andrew [15:06]: Where did you get the 1:20 from?
ortrade [15:06]: As to how you trade that is your own decision.. lol..
ortrade [15:07]: I post it most days..
guymar [15:07]: :)
Hank [15:08]: ortrade, that was agood post, made a commitment, and stuck to it .
guymar [15:10]: Andrew still has an open question
ortrade [15:10]: thanks hank, what market does in most cases is just one small component in trading.. unfortunately I leave my magician hat at home.. dont pull rabit of my sleve and avoid mumble jumble so most traders dont pay much attention to what I say..lol..
jim [15:11]: aone running
guymar [15:11]: except that - mumbo jumbo works often - UPRO 133.87
nester [15:11]: that makes me hungry...
Hank [15:11]: ortrade, One good reason I like this site, people here are serious and try hard. Thats good enough for me.
ortrade [15:12]: guy that has to do with news I dont think you care about that. Andrew, 1.20 was remark time on economy..
Andrew [15:14]: long FAZ 15.68 (double position)
Hank [15:14]: MSFT 25.30 short part 2
jim [15:14]: FTWR L 3.85
nester [15:16]: thinkin they run this turd up the rest of the day. have to have one green day especially right after that P.R. on the rally last nite...
Andrew [15:16]: added to FAZ 15.75
ortrade [15:17]: market hit the adaptive and is not surprising pacing since 2.50 with mild utn..
nester [15:18]: out FAZ short -0.8%
123 [15:18]: volume is picking up on the down ticks above
ortrade [15:20]: ATML 200s@4.97pe
ortrade [15:22]: SWKS 200s@15.12$pe
Hank [15:22]: MSFT 25.57/25.07= .50 cover 05/25 part 1
ortrade [15:23]: ARUN 200s@12.79$pe
guymar [15:24]: out upro 132.5
Andrew [15:24]: out 1/3rd FAZ +1.7%
ortrade [15:24]: BCSI 200s@27.65$pe
Iswing64 [15:24]: L FAZ @ 15.88
Hank [15:25]: MSFT 25.38/24.80 cover .50
ortrade [15:25]: BCSI 200s@27.83$pe
guymar [15:25]: I'm quitting for the evening here
guymar [15:25]: bye guys
Hank [15:25]: MSFT 24.77 short
Andrew [15:26]: Wow.
Andrew [15:26]: out another 1/3rd FAZ +2.8%
Iswing64 [15:26]: YE HA!!
ortrade [15:26]: Exit BCSI +50$pe
Andrew [15:27]: This feels like the exact opposite of yesterday.
ortrade [15:27]: Exit SWKS +24$pe
123 [15:27]: sv rocks it showed this reversal a mile away
ortrade [15:27]: Exit HTCH +24$pe
nester [15:27]: someone wake Karen up... FAZ getting close to where she got in
ortrade [15:27]: Exit RVBD +25$pe
Hoecake [15:27]: Go Faz go
Andrew [15:28]: out rest of FAZ +4.5%
Iswing64 [15:28]: lol
ortrade [15:28]: Exit ARUN +30$pe
Andrew [15:28]: flong FAS 22.49
ortrade [15:28]: Exit ATML +12$pe
Andrew [15:29]: added to FAZ 22.64
Andrew [15:29]: FAS
Andrew [15:30]: added to FAS 22.57
ortrade [15:30]: I should stop trading today.. lol..
ortrade [15:31]: ~ +250$ for the day I trade small amounts around 200shares per position..
Andrew [15:33]: If this is it, what a pathetic attempt to bounce that was.
Hank [15:33]: ortrade, good going,
Andrew [15:34]: out FAS tiny loss
Andrew [15:35]: I should have bought something stronger today like SOLF.
Andrew [15:35]: That had about a 2% bounce off lows already.
123 [15:35]: a/d line bleading off fast as volume increases to downside watch out longs
nester [15:36]: that was a fun rally, wasn't it...
ortrade [15:36]: thanks, Hank, there is signal of further downside on my chart indexes but I'll stay clear from further shorts..
Andrew [15:37]: That was a fun fake-out bottom before 3:30pm. We might now be at the real bottom for this afternoon.
123 [15:37]: dont think so andrew look at sv above
Hank [15:38]: ortrade- ty
ortrade [15:39]: Nsadaq hit 50%f ibs measured from May 25'th on 5min and likely there will be pacing there..
Andrew [15:39]: In the spirit of that 123, long FAZ 16.2
Andrew [15:40]: added to FAZ 16.12
123 [15:40]: market will go up if you do that andrew
Andrew [15:41]: added to FAZ 16.05
Gar [15:43]: Here for the final 15 minutes. Crazy market, but I am not the slightest bit surprised it threw away all its gains...and some.
123 [15:43]: end of day dip buyers might run this up again
Andrew [15:43]: out 2/3rds FAZ -1%
Gar [15:44]: That's why we aren't at a bottom yet. Still way too much bullishness. The fact that the market threw away all its gains, went way red, and they STILL try to jam it back up tells the whole story.
Andrew [15:45]: added to FAZ 15.96
123 [15:45]: the gov has to be the end of day dip buyers....no one else that dumb
Andrew [15:46]: It's just fund managers. Remember, 70% fail to beat the S&P and they trade full time for a living. How sad is that.
123 [15:46]: and its not their money
Gar [15:46]: Maybe. But it is more likely indirect government. Like bailout and tarp funds having nowhere else to go but into equities.
Andrew [15:46]: added to FAZ 16.07
knight [15:46]: still shore faz 16,4
Gar [15:47]: Yet, I beg to differ. Investors CAN be this stupid. I see it all the time. For example, I'll bet Cramer is in front of the dip buying line.
knight [15:47]: short faz 16,4 - sorry
Gar [15:47]: I heard a technician say if the S&P closes below 1086, market is in big trouble.
Andrew [15:48]: Dow back below 10,000
Andrew [15:48]: my entire board just turned red there
Gar [15:49]: A better question than "Why is the market down" would be "Why was it UP?"
Gar [15:49]: USO looks like a nice swing short to me.
Andrew [15:49]: It must have just been short-term traders buying the technical level yesterday morning and selling today after forcing the shorts to cover.
knight [15:49]: nervous investor gar
Gar [15:49]: (US oil futures)
Gar [15:50]: The dippers still have 10 minutes to dive in...lol.
Andrew [15:51]: I'm hoping for some panic selling into the close ahead of the GDP data tomorrow morning pre-market.
guymar [15:51]: http://chart.ly/y27w4m market in trouble - eufemism
guymar [15:52]: dozin off here ... bye fro mBrussels
123 [15:52]: gdp will be a fabricated number....dont know why anyone would trade on that
Andrew [15:52]: Fabricated?
guymar [15:52]: Yup, if anything the Greeks can do the US can do better :)
123 [15:53]: yes using data from gov sponsered home sales ect
Andrew [15:53]: Yeah, pretty risky for mutual funds to buy based on just that.
Hoecake [15:54]: Any bets? Above or below 10000 DJI?
guymar [15:54]: did anyone look at that monthly chart of the SP?
madriver [15:54]: below
jim [15:54]: above
madriver [15:55]: -75
Andrew [15:55]: I like your chart titles
guymar [15:55]: lol
guymar [15:56]: well a multi year m-style top sends shivers down your spine
guymar [15:56]: I never noticed - a friend told me this afternoon
Andrew [15:56]: The panic sellers are running out of time.
guymar [15:57]: Eike Batista will be the richest man by 2016
Andrew [15:57]: out 2/3rds FAZ +1.5%
madriver [15:57]: BP better hope this top kill works or the company is going to be top killed
guymar [15:57]: now I'm really off I'm dead knackered tonight 10 pm had a rough day bye (really, no more charts)
Andrew [15:58]: lol
Andrew [15:58]: not about you being tired, madriver's comment
Andrew [15:59]: out rest of FAZ +1.5%
madriver [15:59]: guymar...kick BP OUT...damn brits
Hoecake [15:59]: Good call mad, looks like you are going to be closest.
jim [15:59]: mad is the winner
madriver [16:00]: their engineers went to 4th tier schools
Iswing64 [16:00]: OUT FAZ
Andrew [16:00]: You would think they'd be able to afford the best.
madriver [16:00]: I win for once...wish I would of stuck with FAZ all day
123 [16:01]: volume went green
Andrew [16:01]: Today would have been a whole lot better if I hadn't loaded up long mid-day.
Iswing64 [16:01]: FAZ =2.2%
madriver [16:01]: andrew...did Faz keep you flat for the day?
Andrew [16:02]: Yeah. I actually finished at a big profit because of FAZ in the last 2 hrs.
madriver [16:02]: maybe you made money.......
madriver [16:02]: cool
Andrew [16:03]: That's one thing I like about trading. All it takes is one good move in your favor if you have been cutting losses quickly.
Andrew [16:03]: Getting lucky shorting the SOLF top helped too.
madriver [16:03]: i should of stuck with it all day but i didn't have the guts to do it especially when I can't watch it closely
LEECO [16:04]: macd-yes w/FAZ you could have traded it twice in the day got 70 cents/sh between 10 & 12 & $1.10 between 1:30 & 3:30
LEECO [16:04]: Set alerts to tell you when a popint is hit
madriver [16:04]: let winners run and cut loser short I think is a disciplined approach
carr [16:05]: Swing, you are doing very well today. Are you buying the beer?
madriver [16:05]: a good short will be BP if the top kill doesn't work
madriver [16:05]: really the only appoach this is successful that I know of
Andrew [16:06]: MON is back at lows if anyone wants to try picking a bottom in it.
Gar [16:06]: Remember, these market swings mean weakness. A true bull market never snaps around like this.
Iswing64 [16:06]: Hey carr sure..i'll buy this round..
carr [16:07]: I know that nester and Hank are too cheap to buy the beer, but nester owes me 10% of his gains.
carr [16:07]: Swing, I will be right over, where do you live?
Gar [16:07]: Don't forget the tip jar....it has cobwebs of late....
Iswing64 [16:08]: Oregon
madriver [16:08]: good evening folks
carr [16:08]: I love Oregon, can I come and stay at your place?
Iswing64 [16:08]: I won't forget you gar.
Andrew [16:09]: Bear/Bull back to yellow
Iswing64 [16:09]: Sure ..just bring all your trading hardware with you...lol
carr [16:10]: Gar, you really need to change the name of the tip jar to something like "SV Success Donations"
Andrew [16:11]: The volume really increased on that afternoon selling.
carr [16:11]: Swing, I always travel with my trading hardware. LOL
Iswing64 [16:12]: Good man..lol
madriver [16:12]: another one u might want to watch is AIG....looks like AIA deal might fall apart
Iswing64 [16:15]: Have a good night all c'ya.
carr [16:15]: Take care swing
carr [16:32]: I am done for the day good evening all.
Andrew [16:38]: Have a good evening.
fwguyus [19:39]: hi Andrew
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