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Forum date: 05-28-10
broberts [0:56]: hello every1...beeennnn a loooonnnggg time
broberts [0:56]: .
nester [7:33]: NEW YORK (AP) -- Stocks appear set to end a volatile month with a quiet day ahead of the Memorial Day weekend. Futures rose slightly Friday after the major indexes surged a day earlier.
The Dow Jones industrial average climbed nearly 285 points, its second biggest gain of the year. The big jump came as concerns eased somewhat about the health of Europe's economy after China said it doesn't plan to sell any European debt it holds.
Triple digit moves became common again during the month as investors grappled with concerns that mounting debt in Europe might upend a global economic recovery. Because of those worries, most of the big moves during the month were drops. The Dow has fallen 6.8 percent in May.
nester [7:34]: BANGKOK (AP) -- Oil prices rose to near $75 a barrel Friday in Asia as investors set aside worries about the European debt crisis and focused on rising stock markets and improving economic data.
Benchmark crude for July delivery was up 18 cents at $74.73 a barrel at mid-afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract on Thursday leapt $3.04 to settle at $74.55.
Earlier this month crude prices were as high as $87.15 a barrel, before they were dragged down by worries that Europe's debt crisis could undermine the global economic recovery.
nester [7:35]: PHILADELPHIA, May 27 (Reuters) - White House adviser Lawrence Summers defended the economic policies of the Obama administration on Thursday, saying they had prevented a depression amid the worst financial crisis since the 1930s.
Delivering the annual Templeton Lecture at the National Constitution Center, Summers said there is a legitimate role for government to play when markets fail to function normally, as they did in late 2008.
The director of the National Economic Council cited federal economic stimulus measures such as the Wall Street and automaker bailouts, as well as health care reform, and proposed changes in financial regulation as having provided a lifeline to the U.S. economy during a severe economic crisis.
nester [7:36]: WASHINGTON (AP) -- Banks borrowed less from the Federal Reserve's emergency lending program over the past week, a further signal that credit markets are improving.
Banks averaged $4.3 billion in borrowing for the week that ended Wednesday, the Fed said Thursday. That is down from $5.1 billion last week.
Loans from the central bank's emergency lending program, known as the discount window, surged to a high of $110 billion a day during the height of the financial crisis in the fall of 2008. At the time, banks found their customary sources of credit frozen.
The Fed has been winding down its special lending programs as financial and economic conditions have been improving.
nester [7:37]: NEW YORK (AP) -- Stocks appear set to end a volatile month with a quiet day ahead of the Memorial Day weekend. Futures rose slightly Friday after the major indexes surged a day earlier.
The Dow Jones industrial average climbed nearly 285 points, its second biggest gain of the year. The big jump came as concerns eased somewhat about the health of Europe's economy after China said it doesn't plan to sell any European debt it holds.
Triple digit moves became common again during the month as investors grappled with concerns that mounting debt in Europe might upend a global economic recovery. Because of those worries, most of the big moves during the month were drops. The Dow has fallen 6.8 percent in May.
Domestic economic reports have taken a back seat to questions about whether countries like Greece, Spain and Portugal will be able to implement steep budget cuts to contain growing deficits. Analysts say even if the countries are successful in reducing debt, cost-cutting could be a major drag on the economy.
nester [7:38]: SAN FRANCISCO (MarketWatch) - Among the companies whose shares are expected to see active trading in Friday's session are Viacom, Guess and Novell
carr [8:07]: morning nester
nester [8:08]: morning carr
Hank [8:20]: morning carr,nester ,LEECO, kotarah
nester [8:21]: morning Hank...
jim [8:22]: Morning Hank, nester, Carr
jim [8:22]: Morning Leeco
nester [8:23]: morning jim
Hank [8:23]: jim, morning
carr [8:24]: morning Hank Jim Leeco
LEECO [8:30]: morningbroberts, nester,carr, hank,-look at the Bear/Bull belt-WOW-Dow future +30 @ 08:00 and indexes overseas up as well as stocks trading in Europe
nester [8:36]: morning Leeco looking like a sideways day today
LEECO [8:38]: I have not made a profitable trade this month-stopped out each time w/ small loss-so to day perhaps I can scalp a couple pluses-hope you have added to your funds this month.
nester [8:40]: had a few great days. yesterday i didn't do very well. only 1 of 6...
kotarah [8:43]: Morning hank
kotarah [8:45]: 08:39 SCANX Gapping up In reaction to strong earnings/guidance: OVTI +10.3%, JCG +6.1%.
Other news: HEV +15.2% (confirmed battery systems joint Venture with Wanxiang, "largest Auto parts supplier to the Chinese car industry"), MENT +7.7% (Icahn disclosed 6.9% stake after the close last night, co reported earnings below expectations this morning), VVUS +2.7% (Phase 3 data on VIVUS' Avanafil for erectile dysfunction to be featured at the AUA 2010 annual meeting), VOD +1.7% (UK launch of iPad begins today), NLY +2.5% (positive Cramer comments), AAPL +1.2% (positive Cramer comments; International launch of iPad drawing attention), GS +0.7% (multiple reports out this morning suggest GS is looking to avoid the SEC fraud charge by reaching a settlement on a lesser offense and paying a fine).
Analyst comments: IRE +3.6% (upgraded to Buy at UBS), SEED +6.3% (hearing upgraded at Chardan), TTWO +4.3% (upgraded to Buy at ThinkEquity)
DJalecC [8:58]: morning all :-)
jim [9:00]: did BP get the hole plugged?
LEECO [9:01]: morning jim-my news says 2 days to be sure
nester [9:01]: don't believe it is completed yet.
DJalecC [9:01]: I hope so, I just booked a week in Cuba, leaving Monday! :-)
jim [9:02]: BP tick down almost $2 in premarket
jim [9:05]: lowes raised dividend 22%
kotarah [9:05]: 09:05 S&P futures vs fair value: +0.70. Nasdaq futures vs fair value: +4.50.U.S. stock futures currently trade with a slight lead over fair value, while advancing issues outnumber decliners by almost 2-to-1 in Germany’s DAX, which is presently up just 0.2%. E.On and Daimler (DAI) are atop the list of leading movers, while Deutsche Boerse and Deutsche Bank (DB) are among the worst laggards. In France, the CAC is down fractionally, though its advancers also outnumber its decliners by nearly 2-to-1. Tech stocks are faring the best; they are currently up 1.3%. Meanwhile, basic materials plays are down 0.8%, which makes them the worst performers. Britain’s FTSE has made its way to a 0.3% gain amid broad-based support. Vodafone is a primary leader at the moment, while shares of Royal Dutch Shell (RDS.A) have shown strength of their own following news that the company will acquire East Resources for $4.7 billion in cash. However, fellow energy play BP Plc (BP) has been a drag on trade. In Asia, stocks staged strong gains as they followed the lead of other major markets. Japan’s Nikkei climbed 1.3%. Fanuc LTD was a primary leader, while Fast Retailing added support. Overall, though, oil and gas stocks were the best performers; they advanced 3.2%. Oil and gas plays were also strong in Hong Kong’s Hang Seng, which advanced 1.7%. PetroChina (PTR) was a primary leader, but banking issues HSBC (HBC) and China Construction Bank boasted big gains of their own. Tencent Holdings was among the weaker performers. Action was much more lackluster in mainland China, where the Shanghai Composite finished flat, even though decliners had a slight edge over advancers. Financials were divided as Bank of China and China Life Insurance staged gains, but Industrial & Commercial Bank and China Merchant Bank faltered.
jim [9:19]: mmm makes oil spill cleanup materials may be a watcher
ortrade [9:26]: good morning
majour [9:27]: morning ortrade
ortrade [9:28]: morning majour, are we closing earlier today? (SIFMA Rec. Early Close)
ortrade [9:33]: Intent today is to strangle the shorts early remarks at 10 and 13.30.. That may trigger early shorts and no utn whatsowever.. lol
Sandman [9:33]: VIX up 1.58%
LEECO [9:37]: What time does the market close today? anyone
Sandman [9:37]: 2:00 p.m.
broberts [9:48]: hello everyone...long time no talk.....Hope everyone has been holding well
LEECO [9:49]: morning brobertsvThax sandman
Sandman [9:49]: Good morning LEECO
jim [9:50]: L FAS 25.02
broberts [9:50]: Leeco, long time no chat...goos to c u (watcure chat...lol..) in here as usual
broberts [9:51]: been staying long on AHT today
Andrew [9:51]: Good morning. The market is actually open until 4:00pm today like normal.
broberts [9:52]: in aht at 7 out at 7.75
broberts [9:52]: Where is Gar this morning?
karenbcz [9:53]: Gar comes here after 3 PM
xxcheck [9:54]: Good Morning All
xxcheck [9:54]: Hi Karen
LEECO [9:54]: OK-thanx Andrew-he helped us both Sandman-broberts GAR has not been around all week-busy with tasks
xxcheck [9:54]: Getting some of your FAZ money back
broberts [9:54]: Jaybird...U around?
broberts [9:54]: Thanks Leeco
ortrade [9:55]: ED 150s@42.75$
LEECO [9:55]: karen-I haven't seem GAR on in the PM this week
karenbcz [9:55]: Hey XX
karenbcz [9:55]: LEE: he was here yesterday.
JayBird [9:55]: SEED +15% so far
karenbcz [9:55]: at his usual time
ortrade [9:56]: UGI 200@25.82$pe
Andrew [9:56]: Gar's been here every day this week like usual.
broberts [9:57]: 100 AHT short @ $8
LEECO [9:58]: SOLD tza covered calls @ $1.00 Oct 11's
ortrade [9:59]: ALV 200s@48.86$pe
rw [9:59]: Brother Roberts: Glad you are back.....
broberts [9:59]: plus real CHEAP calls on 42 day AHT $10 calls...... only .20
broberts [9:59]: 49 days, sorry
broberts [10:00]: rw, good to hear from u again as well
rw [10:00]: I would like some comments on what some of you use - ie. do you use big buy volume - then how do you narrow down what you will - buy macd rsi ma etc - I am re-defining my trading plans - past two weeks and looking for some new ways to trade. I have been using the 5-10 ma - when they cross I buy also the macd in some cases -------thanks
rw [10:01]: I recall that I thought you were an Evangelist once---------
ortrade [10:01]: Exit ALV -20$pe
fwguyus [10:01]: Good morning all...
rw [10:01]: how aboyut PICKER has he been here lately
rw [10:01]: Whom is helping the new people -----
jim [10:02]: RW i have been using Pick Aroon approach which is working well
rw [10:02]: fwguyus -- morning - and if you are new ---sure glad you are here ----------glad you are here if you are not new LOL
broberts [10:02]: no, no evangelist RW....Last name is Roberts though which is why u gave me that nickname
rw [10:02]: JIM where can I get AROON thing
rw [10:02]: LOL -- Ok broberts - got it down now..........
ortrade [10:02]: MIR 200s@12.44$pe
broberts [10:03]: AHT showing no sign of coming down...Getting out at 8.20 with a stop if I have to
jim [10:03]: RW best is to go to www.thunderbolttrading.com/aroon/htm
broberts [10:03]: there it goes
broberts [10:06]: RW...I've been gone from this forum for almost a year now and I went to New York and got to learn for free some of the best traders there.... The guys/gals who really make money alll do the same thing, they have 2 maybe 3 stocks that they watch all day long.... They get to know the trading patterns and chart movement like a dance from the 50's
Andrew [10:06]: http://www.thunderbolttrading.com/aroon.html
jim [10:06]: RW i am also using freestockcharts.com for the aroon indicator
broberts [10:07]: 100 shrs FCH 6.75
ortrade [10:08]: PAY 200s@20.51pe
broberts [10:09]: Going to straddle FCH
jim [10:10]: out FAS 25.26 +1%
broberts [10:11]: guys, check out FCH
jim [10:12]: FCH vol is very low
broberts [10:13]: yeah, when I overlay FCH and AHT, you get A AMAZING TICK FOR TICK MATCH ALMOST?
broberts [10:13]: sorry 4 caps
ortrade [10:14]: did not have guts to enter PAY with real money what a loss it should go down big now..
ortrade [10:16]: Pay 200s@20.44$
LEECO [10:18]: Order placed sell 10 contracts covered calls SEED Aug 10's @ $1.25
ortrade [10:19]: Exit ED +17.95$
Andrew [10:20]: ATPG could be a good short soon.
broberts [10:23]: my level III just crashed from vendor...Is there a good free level III anyone knows about temporarily?
broberts [10:23]: I'm flying blind
broberts [10:24]: just got out of all my positions
rw [10:27]: JIM and BRoberts - Thanks for comments on my questions........appreciate it.
rw [10:27]: level 11 from scottrade elite ---------15 trades a month and it is free
PA [10:31]: Long FAZ 14.46
broberts [10:34]: is chat delayed here today?
broberts [10:35]: I like this article. It backs up this software http://finance.yahoo.com/news/Aluminum-Stocks-Take-indie-2358622692.html?x=0&.v=1
Hank [10:39]: ATPG June12.50x1.70 puts
LEECO [10:40]: bOUGHT pcx @ $ 7.15
broberts [10:43]: anyone have a opinion on MU? Everything seems to appear it's going to drop pretty good.... its @ $9 now... $7 puts are only .16...Looks like a damn good put option. The indicators on here is how I found it. Then I read this article. http://www.marketintelligencecenter.com/articles/1117265
broberts [10:51]: RW, you still like reading articles on good moving stocks?
broberts [10:52]: I won't post anymore links so the Forum stays clear for peoples positions but you might like to read this one? http://www.cnbc.com/id/37376177?slide=1
rw [10:55]: Yes Brobertsw
rw [10:56]: LEECO pcx 7.15 does not appear to be correct
ortrade [10:57]: Exit PAY +44$
Hank [10:58]: S 5.18 add
ortrade [10:59]: Total for today real money 61.52 and total for last 3 weeks real money +131$.
rw [10:59]: Broberts there is plenty of room for posting here keep them coming....helps us all.....
broberts [11:00]: last one I have if you like penny stocks to watch.....http://www.dynamicwealthreport.com/research-reports/penny1.htm
rw [11:00]: LEECO PCX is 16.88 better check on your purchase
broberts [11:00]: http://www.dynamicwealthreport.com/research-reports/penny1.htm
rw [11:01]: Broberts - I am going to start concentrating on mostly trading about 3 stocks -- and nothing else much - except an occasional trap door of 2^% good suggestion about what you found the big money people trading -------two stocks all day;........makes sense and kinda not to hard to do....
broberts [11:08]: yeah....It takes discipline to not reach out and grab what looks like obvious trades while watching 2-3 but in the long run you 'll lose the feel of the stocks movement if you dabble in other stocks is what they said
ortrade [11:10]: till now market has in mind a broad range sideways typical of hedge funds toasting early bird long low food chain traders and institutions staying out.. lol..
rw [11:10]: I will try what you mentioned Broberts....thanks........can not be any worse than what I have been doing LOL LOL
jim [11:13]: L FAS 24.69
ortrade [11:14]: UA 200s@34.10pt (pt stand for paper technical trades no news check) pe stands for paper experimental
ortrade [11:17]: PAY 200s@20.15$pe ALV 200s@28.41$pe ED 200s@42.59$pe these are all fear trades that is once stock drop below a price value it likely traders exit positions..
broberts [11:18]: man paper is a huge moving industry. Neeed 2 look at paper etf
jim [11:19]: L FAS 24.43
Andy [11:20]: Karen should be getting happier
karenbcz [11:21]: I'm just sitting here watching doom n' gloom videos on U-Tube (i.e., Celente, Harry Dent, Roubini etc.) :>)
jim [11:21]: Broberts what is the paper etf tick?
Andy [11:21]: whatever it takes :-)
ortrade [11:22]: TTM 200s@16.66pe
jim [11:22]: Andy = Andrew?
ortrade [11:22]: PNM 200s@12.25$pe
Andy [11:22]: No
karenbcz [11:22]: Andy: yep. frankly, I'm pretty "gloomy" right now. I have 3K shrs. DUMB!!
broberts [11:22]: Jim, Im looking now
Andy [11:23]: Better now than it was last night
ortrade [11:23]: LZB 200s@11.75$pe
ortrade [11:24]: F 200s@11.73$pe
ortrade [11:24]: GNTX 200s@19.99$pe
rw [11:24]: Karen: what stock do you need to move up
karenbcz [11:24]: FAZ
ortrade [11:24]: TTM, PNM, LZB, F, GNTX are all MA strategy shorts..
rw [11:24]: I think you will be ok Karen
karenbcz [11:25]: RW; thx.
rw [11:25]: 14.81 karen iup almost seventy cents today
karenbcz [11:26]: good.
Andy [11:26]: Karen, if it makes you fell any better....I've been in FAZ since yesterday morning...and still holding
rw [11:26]: Indicators look real good -----adx, williams@ and 5-10ma etc....on faz
rw [11:26]: Yes I think the markets in general go down today and all next week ---------down to the high nine thousand level
karenbcz [11:27]: RW: Dent says another big rally coming.
ortrade [11:27]: Exit UGI +30$pe
Hank [11:28]: Tea and biscuits on me today, my place. 12 sharp dont be late
jim [11:28]: Take a look at the daily $spx from Feb to today it appears to me that we may see a rally at least short term
rw [11:28]: he is smarter than me Karen........
ortrade [11:28]: lol Hank..
jim [11:28]: I'll be there
karenbcz [11:28]: RW: me too! LOL!
Hank [11:29]: Today not cheap. carr
ortrade [11:29]: Exit UA +22$pe
broberts [11:31]: Jim....CUT is one I've found so far... I'm going to see if ProShares offers one?
jim [11:33]: Brobert thxs
broberts [11:36]: Jim, do you like shorting?
ortrade [11:36]: yesterday hedge funds were pushed to the brim - today they turned nasty..
jim [11:36]: Broberts I trade in an IRA therefore cant short but I do use inverse etf's
broberts [11:37]: "SMN" is a great basic materials short
broberts [11:37]: http://www.proshares.com/funds/smn_index.html
rw [11:38]: Here is what I had April 2009 to april 2010: I made 12% not much but at least I did not lose but about 2% by end of 2008 so I am happy
ortrade [11:38]: Exit ED -16$pe
ortrade [11:39]: WNC 200s@7.23$pe (MA trade)
rw [11:39]: cop 300 dxd 1300 gld short 100 kft 400 uup 400 mo 500 pfe 500 pg 200 wmt 400 then i have a ton of fhifx jahyx junk funds about $300,000 then aex ge pru xeox bonds then about 60% cash
jim [11:39]: RW I think 12% is great compared to other opportunities for your $
broberts [11:39]: 12% was great. I would have loved it...Instead I got taken out by MOrgan Stanley
rw [11:40]: Thanks Jim: Son in law manages money ---He kept me from big loss in 2000/ Also in 2008 he was responsible for me getting out of market and only losing about 1%
jim [11:40]: Broberts do you know what is in the SMN fund ?
broberts [11:40]: BUt, I built enough websites on the side to be back in the game again....This time...No margin for me
jim [11:41]: agree no margin
broberts [11:41]: here is the prospectus http://www.proshares.com/funds/prospectus.html?ticker=smn
rw [11:41]: SOrry to hear that Broberts......If my son in law had not bugged me so much- I would have lost 40% in 2008.
ortrade [11:42]: LZB -18$pe
broberts [11:42]: oh well.. I'm 38. I still have time to recover.
ortrade [11:42]: GNTX -20$pe
broberts [11:42]: Jim remember that SMN is a Ultra Short
rw [11:43]: Good Broberts =---Wife and I are in good shape seventies -----but we do not need to lose big or would have to start having premium dog food for dinner --------
broberts [11:44]: 75 srs TECH 60.60
rw [11:44]: new health care plan will let you decide on coverage for your 70's and beyond - I hear that soon, at 35 you can elect 50% of health insurance buy you have to agree than when you are 70 that you only get Hospice care and nothing else - unless you can fuly pay for it....
broberts [11:44]: lol..RW
jim [11:44]: These are the companys that make uo SMN copamnFreeport-McMoRan Copper & Gold Inc. 8.75%
Dow Chemical Co. 8.24%
E.I. DuPont de Nemours & Co. 7.69%
Praxair Inc. 6.24%
Newmont Mining Corp. 5.93%
Air Products & Chemicals Inc. 3.56%
Alcoa Inc. 3.54%
Nucor Corp. 3.15%
Peabody Energy Corp. 2.97%
PPG Industries Inc. 2.64
rw [11:45]: 50% off health insurance...but take hospoice at 70
broberts [11:45]: RW do I remember correctly that you're a fly boy?
rw [11:45]: No ------I can not walk and chew gum at same time Broberts -
jim [11:45]: Leeco and I are fly boys
rw [11:45]: wife keeps telling me that the only time I have problems is when I start thinking about something
broberts [11:45]: who is it that I'm thinking of???sorry
broberts [11:46]: lol
karenbcz [11:46]: what's a "fly boy"?
karenbcz [11:46]: :>)
rw [11:46]: jim and Leeco...........Leeco used to fly planes than ran on steam i think
broberts [11:46]: pilot
jim [11:46]: pilot
rw [11:46]: No what you are thinking Karen LOL
jim [11:46]: Leeco was a WW2 ace
broberts [11:47]: thats right...Jim and Leeco used to talk about some of the planes they flew back in the day
rw [11:47]: I thought it was WW1 Jim
rw [11:47]: they had gliders in ww1
jim [11:47]: Leeco you need to defend self!!!!!!!!!!!!
rw [11:47]: seriously I have the deepest respect for colonel Leeco and all others that protected our country- just kidding and Jim
ortrade [11:48]: Exit TTM -21$pe
rw [11:48]: Tradzer used to fly also---he has plane now
rw [11:48]: I will hush ---
broberts [11:48]: I know this is for stocks but did anyone see "the Pacific" series on HBO? Finally did my grandfather some justice. I wish he had lived to see the Pacific Rim being talked about in a movie
jim [11:48]: Yes I loved the Pacific series
ortrade [11:49]: Exit MIR +10$pe
broberts [11:49]: My grandfather was a coreman and all the stories he told me when i was growing up had finally come to life when they ran that series
ortrade [11:50]: Exit PNM -20$pe
jim [11:54]: out FAS 24.79 +.8%
ortrade [12:01]: Exit WNC -15$pe
ortrade [12:01]: Exit F -20$pe
carr [12:07]: Out 10 june $10.00 call options SEED .37 115%
Hank [12:09]: good going carr. I
carr [12:09]: Thank you Hank
Sandman [12:20]: That was great carr!
ortrade [12:22]: Exit ALV -20$pe
Sandman [12:23]: carr how long were you in the trade?
PA [12:25]: stop limit sale FAZ
Hank [12:26]: FAZ 14.52 short
PA [12:28]: order stop limit sell FAZ at 14.35 activation price at 14.36
ortrade [12:31]: FAZ 200@14@57$pe
carr [12:34]: Sandman, I bought it May 19
Hank [12:35]: ATPG dropping, thanks to Andrew
ortrade [12:40]: Exit Faz 14. 83 - 14.57 =2.1% taking only small profits (learned from Hank)
PA [12:40]: cancel stop limit order out FAZ 14.83
Hank [12:41]: ortrade excellent, what ever works go for it. good going.
ortrade [12:41]: pure luck Hank, you mentioned yesterday market likely will drop..
jim [12:41]: L FAS 24.28
ortrade [12:42]: WNC 200s@7.16$pe
Hank [12:42]: ortrade, Bankers and brokers is pay day on fridays. Dont know if that works, but my theory.
jim [12:42]: out FAS 24.40 +.5%
ortrade [12:43]: EXC 200s@38.60$pe
jim [12:44]: L FAS 24.20
ortrade [12:45]: F 200s@11.67$pe
ortrade [12:46]: DAI 2oos@49.08$pe
ortrade [12:46]: SUG 200s@21.70$pe
ortrade [12:48]: AEP 200s@31.80$pe
Hank [12:49]: ATPG June 12.50/1.70 Puts out 2.20= .50 29% Post 10.39 am
ortrade [12:52]: Exit DASI -50$pe
ortrade [12:53]: Meant DAI
ortrade [12:53]: Exit AEP -34$pe
jim [12:54]: out FAS 24.45 +1%
ortrade [12:54]: Exit SUG -14$pe
ortrade [12:55]: Exit EXC -14$pe
ortrade [13:01]: very inconsistent downtrend action with washing out lots of stops before going lower.. large solid red candlestick and mild small retracement.. the question is whether institution will go head to head with the hedge funds to stop this..
Hank [13:06]: ATPG 10.80 short
ortrade [13:07]: EXC 200s@38.70$pe
ortrade [13:08]: TTM 200s@16.75$pe
ortrade [13:09]: ALV 200s@47.65$pe
ortrade [13:10]: PNM 200s@12.30$pe
ortrade [13:11]: HRL 200s@39.84$pe
ortrade [13:11]: DAR 200s@8.02pe
ortrade [13:14]: DAI 200s@49.34$pe
DJalecC [13:16]: guys --- have a great holiday weekend, I'm off now until June 8th, just booked week in Cuba --- hope you all have Good Luck next week :-)
ortrade [13:17]: enjoy your trip.
Hank [13:17]: good trip spend lots of $$
ortrade [13:18]: lol..
Hank [13:19]: http://www.youtube.com/watch?v=7dArEv_9taI&feature=related
ortrade [13:20]: Cuba?
Hank [13:21]: ortrade I added that to my favorites. ty.
karenbcz [13:22]: DJ_ have a fabulous time en Cuba. Enjoy the FOOD and the musica!
ortrade [13:22]: nice rythm that eucalalie Hank.
ortrade [13:32]: FMX 200s@42.42$pe
ortrade [13:33]: SUG 200s@21.73$pe
ortrade [13:34]: COH 200s@41.18$pe
ortrade [13:36]: LULU 200s@40.77$pe
ortrade [13:43]: POM 200s@16.20$pe
ortrade [13:44]: Exit ALV +44$pe
ortrade [13:45]: Exit FMX +40$pe
ortrade [13:45]: Exit COH +28$pe
ortrade [13:47]: Exit LULU +52$pe
ortrade [13:47]: Exit DAI +34$pe
LEECO [13:47]: knight is conspicuous be his absence-also is anyone trading options today?
ortrade [13:48]: Exit DAR +2$pe
PA [13:49]: buy QID 18.22 stop limit18.00
JayBird [13:49]: Hi Leeco.....I was finally able to sell 1/2 SEED with small profit.....also have SPY puts
PA [13:51]: Hi leeco
majour [13:53]: Hi JayBird, do you think DAN is attractive at this price?
JayBird [13:56]: I just noticed the nice drop in DAN from 11.53.....very tempting to nibble
majour [13:57]: Thanks
ortrade [13:59]: D 200s@39.02$pe
JayBird [13:59]: Since I don't trust the 3 day weekend, I calm my itchy fingers by papertrading. Love that feature.
ortrade [13:59]: Exit EXC +27$pe
JayBird [14:00]: Remember...Gar says to wait longer for traders to do something stupid, then wait some more.
LEECO [14:01]: jim-how do you get on thunderbolttrading.the first time -I clicked the linkand of course didn't have a password or name or a place to enter a new one
ortrade [14:01]: SDCG 200s@36.23$pe
ortrade [14:02]: Hans 200s@39.16$pe
ortrade [14:03]: MJN 200s@49.42$pe
ortrade [14:04]: Exit TTM +32$pe
whoopsie [14:05]: Are the US markets closed on Monday?
LEECO [14:05]: JB-what did you sell SEED at-I have 3000 of it some at $10.02 & Some at $12.59 I am trying to sell covered calls based on slightly over my get even price to get a profit while I wait
JayBird [14:07]: I sold 1/2 SEED position @ 9.26 basically to breakeven
JayBird [14:07]: Cost is 9.23
ortrade [14:07]: Exit HRL +30$pe
JayBird [14:08]: The market is closed on Monday...whoopsie
whoopsie [14:08]: Thanks
LEECO [14:08]: Slim profit but you freed up funds for something else-that is what I need to do.
ortrade [14:08]: Exit MJN +28$pe
ortrade [14:08]: Exit SUG +24$pe
ortrade [14:09]: TE 200s@15.50$pe
ortrade [14:10]: FINL 200s@16.68$pe
JayBird [14:10]: Yes...Leeco....need the free funds for bills and to trade again if I can get back to 25K
JayBird [14:11]: majour....did you snag some DAN
majour [14:13]: No JayBird
LEECO [14:13]: DAN touched 10.65 and the histogram turned up in 5 minutes up to 10.76
ortrade [14:13]: MJN 200s@49.40$pe
LEECO [14:14]: All my chart idicators indicate up on DAN but I don't know how far
LEECO [14:15]: I Aam watching the HG indicator for the turn indivcating the top of the run (DAN)
LEECO [14:15]: Just turned at 10.77
ortrade [14:16]: AEP 200s@31.84$pe
carr [14:16]: Some news on DAN LEECO
carr [14:16]: S&P Upgrades Dana For Second Time In Six Months 05/25 01:46 PM
DOW JONES NEWSWIRES
Standard & Poors Ratings Services gave its second upgrade in six months to Dana Holdings Corp. (DAN) as it cited the auto-parts supplier's improved first- quarter performance for the latest move following restructuring and debt reduction efforts.
LEECO [14:17]: Thanx Carr
carr [14:17]: Old news but could be worth taking in to account
ortrade [14:19]: APWR 200s@7.95$pe
LEECO [14:19]: IT WAS UP TO 11.53 THIS AM but slumped with the DOW going down as did the PCX (coal) I bought this AM
LEECO [14:19]: DAN resumed upward movement
ortrade [14:20]: Exit TE -12$pe
carr [14:20]: LEECO for what it is worth the elliott pattern does not look good on DAN unless you are looking for a quick day trade
ortrade [14:20]: Exit Hans -20$pe
ortrade [14:22]: U 200s@27.30$pe
LEECO [14:22]: I am not trading DAN just commenting on it and watching-and when I do trade it -it will be a QDT
ortrade [14:23]: Exit SCG -18$pe
JayBird [14:23]: Couldn't stand it....small position in DAN @ 10.77
majour [14:24]: good luck JayBird
JayBird [14:27]: thanks majour
ortrade [14:28]: Exit POM -12$pe
ortrade [14:29]: Exit AEP -22$pe
ortrade [14:34]: Exit FINL -16$pe
ortrade [14:35]: Exit APWR -20$pe
ortrade [14:35]: Exit D -26$pe
ortrade [14:39]: Exit PNM -16$pe
kotarah [14:40]: INSID Weekly Insider Trading Summary: Notable Purchases -- BFS, BH, PSEC, and INFN CEOs buying; Notable Sales -- ORLY Chairman and Directors, GPS, ITW, and MCF DirectorsThis week we've seen notable insider buying in the following stocks:
PetroQuest Energy (PQ) 10% owner SPO Advisory bought 1,775,200 shares at $5.80-5.90 on 5/20-5/24
Biglari Holdings (BH) CEO bought 29,679 shares at $280.49-300.69 on 5/25-5/27
Immucor (BLUD) 10% owner ValueAct Capital Management bought 300,000 shares at $19.78-20.26 on 5/20-5/24
Crosstex Energy (XTEX) 10% owner Blackstone Group Management bought 524,800 shares at $8.74-9.01 on 5/20-5/25
Steel Dynamics (STLD) Director and EVP bought 310,000 shares at $13.48-14.00 on 5/21-5/26
Saul Centers (BFS) CEO bought 51,200 shares at $35.51-28.76 on 5/21-5/25
FBR Capital Markets (FBCM) 10% owner Crestview Partners bought 404,836 shares at $3.97-4.17 on 5/25-5/27
Cabela's (CAB) Director bought 73,800 shares at $15.98-16.73 on 5/25-5/27
Tyco Electronics (TEL) Director bought 40,000 shares at $27.47-27.56 on 5/20-5/21
MDU Resources (MDU) CFO, CEO, and Director bought 47,540 shares at $17.38-18.02 on 5/21-5/25
Black Box (BBOX) Director bought 25,000 shares at $29.33-29.55 on 5/20-5/21
W.P. Carey & Co (WPC) Chairman bought 24,140 shares at $27.28-27.80 on 5/21-5/27
Prospect Capital (PSEC) CEO bought 62,697 shares at $9.72-9.98 on 5/21-5/25
Infinera (INFN) CEO bought 90,000 shares at $6.82 on 5/21
Dean Foods (DF) Chairman and COO bought 53,800 shares at $10.29-10.39 on 5/20-5/21
Celgene (CELG) Director bought 10,000 shares at $55.49 on 5/24
ION Geophysical (IO) Director bought 100,000 $5.11 5/21
Comcast (CMCSA) CFO bought 30,000 shares at $16.72-16.96 on 5/24
ChinaCast Education (CAST) Director bought 44,011 shares at $6.78 on 5/17
Assured Guaranty (AGO) Director bought 20,000 shares at $14.15-14.21 on 5/25
Ancestry.com (ACOM) Director bought 15,800 $15.45-15.81 5/25
Helix Energy Solutions (HLX) CEO bought 23,000 $10.70-10.80 5/25
LEECO [14:43]: JB-The histogram on DAN is rising along with the di & MACD-histogram just went horiz
LEECO [14:44]: Histo turned down-sell
ortrade [14:44]: Exit UN -16$pe Exit MJN -16$pe
ortrade [14:48]: Exit F -22$pe
LEECO [14:48]: JB-the HG=HolyGrail says sell DAN
fwguyus [14:49]: S moving up very fast
JayBird [14:50]: Thanks for the DAN input....Leeco.....I can't sell today...a daytrade shuts down my account
LEECO [14:52]: OK I will pray the DOW turns up and DAN goes up more-now 10.97
LEECO [14:53]: I need PCX to go back up too so we both keep our fingers eyes & legs crossed
ortrade [14:55]: Faz 200@14.70$pe
ortrade [14:56]: Market close to 12.35pm big drop candle level Nasdaq on 5 min
LEECO [14:59]: Sorry JB looks like the HG was right DAN hit 10.97 &retraced now 10.90
ortrade [14:59]: today market trades like during triple witching.. lol..
JayBird [15:01]: LOL....leeco Can't see my charts with eyes crossed
carr [15:07]: JayBird you should be OK with DAN the elliott pattern just change and now show Dan going up
carr [15:08]: That is on a 60m chart so sometime early next week
LEECO [15:09]: Hooray for elliot
ortrade [15:09]: TTM 200s@16.68$pe APWR 200s@8.87$pe
ortrade [15:12]: Exit FAZ -5$pe
JayBird [15:13]: Thanks carr....good input
ortrade [15:17]: FAZ 200s@14.62$pe
Willie2 [15:17]: Peix at .82 might be on a run
ortrade [15:24]: Interesting just look at my 9.33am post as to what the market will do today.. happened just that.. lol..
JayBird [15:25]: Fitch downgrades Spain's debt
Geopolitical tensions continue to stem from North Korea
Personal income increases as expected, but spending comes in flat rather than with the modest increase that had been expected
Upcoming holiday weekend leads to dampened volume
JayBird [15:25]: Stocks have staged a strong rebound to their best levels since midsession. The move comes without any individual catalyst or news item. However, the move has been helped by the light trading volume, which often exaggerates the moves of stocks.
ortrade [15:33]: Market seem to have shaken out the 12.30 shorts and advances in a steady uptrend..
ortrade [15:35]: Exit FAZ +20$pe
ortrade [15:35]: FAZ 200@14.51pe
Gar [15:39]: How's everyone doing?
ortrade [15:40]: The stock eco market like in other ecological system there are few layers that interact.. silent hand, investors, hedgefunds, market makers and traders each group play a very different game. and the bozos (I forgot.. lol..) I believe a big error we all do in trading is ignoring that..
Gar [15:40]: No one in their right mind would buy into the 3-day weekend. Which means that is EXACTLY what they will do! Lol.
Sandman [15:41]: Gar are you talking about me again?
ortrade [15:41]: strange market today almost like a triple witching day Gar.
Gar [15:42]: These wild swings is much of the reason I remain a bear. Because high volatility, in the longer run, always means downside.
ortrade [15:42]: Exit FAZ -6$pe
Gar [15:43]: I think a great short for longer term would be gold. I finally heard an "expert" say the magic words, "No end in sight [for gold]."
porti [15:44]: hi all, well Gar i will give BP a shot, could be a nice gainer....or looser till tuesday
carr [15:44]: Gar, my second option trade again SEED but this time June calls 115% I am starting to like this option stuff.
Gar [15:45]: Wow carr, that is amazing. All we need now is for that to translate into book sales. Book has sold nothing this week.
ortrade [15:46]: The thing with intraday shorts it is easy taking loosing positions in particular if the dtn is on few large red bars while the market spends most time on retracement..
LEECO [15:46]: Are the BOZOS going to drive it up to close the month in the green?
carr [15:46]: Also not a lot of trials this week
LEECO [15:46]: How do you get GAR?
Gar [15:46]: Looks like the bozos might be selling? Opposite of what I thought would happen. Then again I guess we should expect opposite action.
Gar [15:47]: carr, I know. Trials have plummeted in a very big way. Kind of disturbing.
Willie2 [15:47]: out of PEIX at .813 from .82 small loss did not want to hold over the week end
porti [15:48]: @carr, do trials increase in Bull Markets? Maybe everyone is just pissed of trading
LEECO [15:48]: I see GAR listed with a bar thru his name what is that?
Gar [15:48]: Someone tell Leeco that he has me blocked. That is why he keeps thinking I do not get online late in the day (he can't see my posts until he un-blocks me).
Willie2 [15:49]: bifacals LEECO
porti [15:49]: Hey Leeco you have Gar blocked
porti [15:49]: You cant see his posts, until you unblock him
Gar [15:49]: porti, trials seem to increase if we go strongly in one direction or another. They tend to stay clear when the market snaps back and forth.
LEECO [15:49]: OK thanx never realized it
Sandman [15:49]: LEECO you have Gar blocked. Will you unblock him.
LEECO [15:50]: I unblocked him now-terrible to block the fearless leader
Gar [15:51]: The market...this is what I get by trying to second-guess too much. First, I thought they would be crazy to buy into a 3-day weekend, so I figured that is what they would do. So it appears they are doing the opposte (selling), so I guess it was opposite to opposite...lol..if I am making sense.
jim [15:52]: L HERO 3.11
carr [15:52]: Nice going Leeco, why did you block Gar LOL
Gar [15:52]: Leeco, my guess is you had me highlighted once and accidently clicked Block when maybe you wanted to click private chat. And the blocks are "remembered" until you unlock them.
Gar [15:53]: A line through the name means BLOCKED. For future info.
Gar [15:54]: Bozos haven't made their move yet, volume still too low.
Gar [15:54]: Flip a coin to decide what they will do.
LEECO [15:54]: OK -I am learning every day-I never have knowingly blocked anyone-Gar hit the probable accident
Sandman [15:54]: Gar how cn I block my wife?
Sandman [15:54]: cn=can
jlm1 [15:54]: Now is when we need the fat finger guy to drop us 500 points in minutes.
porti [15:55]: haha
Gar [15:55]: Click the Divorce button Sandman.
carr [15:55]: Sandman, buy ear plugs and really dark glasses
Gar [15:55]: SV's bear/bull is very bullish. That's weird.
Gar [15:56]: Better close my TZA position...
Gar [15:57]: I kept hearing on CNBC today that almost no trader believed in yesterday's rally. OK, fine, neither did I. But the question therefor is: Who was buying?
jlm1 [15:58]: Well Tradzer would say the Plunge Protectio Team
Gar [15:58]: Some of this is the Euro/Dollar thing.
ortrade [15:59]: Exit APWR +6$pe and WNC -4$pe
Gar [15:59]: jlm, then I suppose this time it is the Plunge Destruction Team.
jlm1 [16:00]: They all have already left for the day
ortrade [16:00]: Total for the day +61$ real money morning short and ~ -130$pe intraday shorts..
Gar [16:00]: Maybe...however notice the giant tick up in NYSE volume at the bell.
majour [16:01]: Have a great weekend everyone
jlm1 [16:01]: Sell volume
Gar [16:01]: Remember, market is closed Monday.
usdojpr [16:02]: lunar for tuesday zion.
carr [16:03]: Good night all, have a wonderful weeken and see you all on Tuesday
LEECO [16:03]: Have a good Memorial dat-Eat,drink & make merry because we are protected by our military all over the world God Bless The United States of America and all the good citizens in it!!!
porti [16:04]: ... have a nice long weekend all.....
lATICK [1:34]: what are the hours for s&p emini future trading?
carr [17:45]: hey rw how are you doing?
carr [17:46]: Hello Garsfreind and Geldor, have not seen you before so if you are new, welcome, if not, welcome back.
rw [17:49]: CARR: ok and you.
rw [17:50]: I am about to start buying some calls......TO dangerous to sell puts now...
carr [17:50]: Doing well rw just doing a little research for next week. I agree dangerous to sell puts right now.
broberts [17:50]: hey RW, hows it going
rw [17:51]: Broroberts --have been doing labor work outside - plus gym for half hour running for 3 miles ----good to sit down....and You brother Roberts
broberts [17:52]: Just sitting down showing my Uncle Gars program
broberts [17:53]: Showing him the new website I'm building for after the bell chat
rw [17:53]: Good Broberts. - I have been using Scottrade Trade Ideas - it is also helpful
broberts [17:53]: yeah, I have account with Scoot Trade, E Trade, and TD Waterhouse
broberts [17:54]: scoot-Scott
rw [17:54]: I am changing my set up.....I am now using the CCI , MACD, VOlume and 5 and 10 MA for signals
rw [17:54]: I also have Fidelity and Schwab----both are good
broberts [17:54]: Yeah MACD is the most reliable indicator for me
rw [17:55]: 5 and 10ma --when 5 goes over 10 - plus cci and macd - gives a good long signals - and when the five goes under the ten, get out and or maybne short
broberts [17:56]: yeah, agreed...Just not a big shorting fan...dont know why? just goes against why I trade I guess
rw [17:57]: same here on shorts but we are sure missing a lot of trades
broberts [17:58]: yeah, unless the market is going to rebound for short profits?
broberts [17:58]: Short traders should be locking in profits is what I mean
rw [18:01]: See you later - going to set in my big chair....
broberts [18:02]: later
LEECO [7:20]: Monday 31 May-Memorial Day for us old vets-memories and thoughts of depated comrades, who in the squadron I commanded in WWII, all became sucessful, ethical, caring citizens contributing to the world we live in to-day. I toast to those and to the Korean Vets, the Vietman vets who never ygot the ackmnowledgement they deserved-but who I salute and thank for thier service every time I meets onr, and for those of Desert Storm who helped a small fellow resist a big bad one, and those of the second Gulf War and Afganastan-who are protecting us from terrorism-Bles them all
knight [8:27]: good morning all..
knight [8:27]: hi leeco , are we along this morning ?
LEECO [8:28]: mornibg Prof Knight-yes alone by the telephone- due to closedmarket-I'm just doing some research
knight [8:29]: close market ???
LEECO [8:31]: Yes this is Memorial Day -read my 07:20 post above.-just satsify my curosity please-where were you born >
knight [8:33]: canada - leeco
LEECO [8:34]: Thank you for your service-I knew many brake and capable Canadian airmen
knight [8:35]: yes wwe are very loyal and patriotic here...
knight [8:37]: and thanksfull for those who gave their live to keep the peace or defends the nation
knight [8:37]: Is the stock market will close all day long today
LEECO [8:38]: I am aware that you now live in New York-a place I avoid because of the hustle & bustle-I live a serene peaceful life in Richmond, Va-with a 40' X 20" swimming pool in my backyard (at 82 def F now) and a 1000 Sq. Ft Veggy garden I plant and tend
knight [8:39]: well , i think you deserve it after a long life of hard working... after all- why not ?
LEECO [8:41]: Good communicating with you this morning-all to ouselves-I have great respect for your trading abilities and try to learn from you b oth your picks and methods.Well back to my research
knight [9:02]: my SEED did start growing up last friday - took more time to go
LEECO [9:05]: My seeds are Tomatoes, Peppers-hot & sweet, Eggplants, Beans, radishes,onions,basil, parsley,oregano,chives, brocolli, lettuce, mint,beets,carrots
LEECO [9:06]: But I'm sitting on that Chinese 'SEED' waiting for the 15 I believe in (Earnings whispers confirmed you quote on that
LEECO [9:09]: Markewts in Europe are open-you can trade on the London Exchange and communicate with portoi in Swutzerland
porti [13:28]: Hi all, not trading today just looking, which seeds i "missed" to plant last week...
LEECO [9:29]: morning porti-I amabout to go down and make an onion-lox-pepper omelet
porti [13:33]: Hi Leeco, sounds great, just had a sandwich for lunch and i am hungry again
carr [10:20]: hey nester
nester [10:22]: morning carr
nester [10:23]: my pc is running a bit slow today. sorry if i don't answer in a timely manner
nester [10:33]: have a good day. getting ready to take off with my son-in-law out fishing. thanks to all the vets out there.
porti [13:57]: http://www.buysellshort.net/05-31-2010-stock-market-video
LEECO [16:42]: afternoon porti,carr,nester-I just madeaCandian Lemonade and are doingt more research now-will be on by 08:00 Tues
Gar [17:18]: leeco, did you get the email about the special version for the advisory board?
Iswing64 [23:36]: Hi Andrew.. I think will see some good trades on seed this week..13ema cross up & over 20 sma.and macd up..p-sar long signal as well + some volume..daily chart.
Andrew [23:37]: Hi iswing, great idea. SEED's daily chart is sure looking a lot more interesting now.
Iswing64 [23:38]: Agree!!
Iswing64 [23:38]: SCSS this week also??
Andrew [23:39]: One think I don't like about trading it intraday though is that there can often be a single huge volume and price spike but then a reversal no follow through buying later on in the day. Some other small nasdaq stocks can be the same way (BCRX comes to mind).
Andrew [23:39]: think = thing
Andrew [23:39]: it = SEED
Andrew [23:40]: That didn't happen Friday though of course.
Andrew [23:42]: I can't make much sense of SCSS' daily chart. It might just be range-bound in a huge range?
Iswing64 [23:42]: nope..funny you mention BCRX on P&F scan says bcrx reversal should happen..but i don't know a thing about point and figure charts.
Andrew [23:43]: me neither
Iswing64 [23:44]: What i do like about scss..daily macd..13 ema cross up over 20 sma p-sar long and some volume to boot.
Iswing64 [23:45]: Just have to see how it goes.
Andrew [23:45]: I don't like the Friday doji candle near where it sold off from hard just a few weeks ago. Might be just as good risk-reward short.
Andrew [23:48]: Thanks again to Leeco and all the other veterans here.
Iswing64 [23:49]: Also.a fair looking trend...50 sma not bad either..should be some trades in there either way
Iswing64 [23:49]: Absolutely
Andrew [23:50]: What do you think about FSII?
Andrew [23:52]: It's been taking off since they raised guidance.
Iswing64 [23:52]: what time frame andrew?
Andrew [23:53]: Looking at the daily, it seems like it could test its April highs again soon.
Andrew [23:53]: Also perhaps a good risk-reward short if it sells off near 4.25 for a third time.
Iswing64 [23:55]: Good one andrew..should be good for some as well..saving that one
Andrew [23:56]: Maybe it could even sell back down to the low 3.00s on low volume before continuing higher?
Andrew [23:57]: A lot of potential scenarios in it could be very profitable.
Andrew [23:58]: It's also interesting b/c it's the only one in my Cheap Breakouts right now.
Iswing64 [23:58]: Yep...should see some intra day trades for sure IMO.
Andrew [23:59]: The last 5 minutes of Friday were pretty impressive for the bears.
Iswing64 [23:59]: OCLR..OVTI..DCTH..about all i have for stronger "trends"
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