09/08/10
09/07/10
09/06/10
09/02/10
09/01/10
08/31/10
08/30/10
08/27/10
08/26/10
08/25/10
08/24/10
08/23/10
08/20/10
08/19/10
08/18/10
08/17/10
08/16/10
08/13/10
08/12/10
08/11/10
08/10/10
08/09/10
08/06/10
08/05/10
08/04/10
08/03/10
08/02/10
07/30/10
07/29/10
07/28/10
07/27/10
07/26/10
07/23/10
07/22/10
07/21/10
07/20/10
07/19/10
07/16/10
07/15/10
07/14/10
07/13/10
07/12/10
07/09/10
07/08/10
07/07/10
07/06/10
07/05/10
07/01/10
06/30/10
06/29/10
06/28/10
06/25/10
06/24/10
06/23/10
06/22/10
06/21/10
06/18/10
06/17/10
06/16/10
06/15/10
06/14/10
06/11/10
|
StockVision
Chat Blogs
Chat
is taken from the
live forum in our
stock screening
software which you
can download
and try for FREE.
Forum date: 06-24-10
JayBird [2:09]: Tomorrow morning, four economic reports are scheduled to be released before the open: Durable Orders (Consensus -1.3%), Durable Orders ex Transportation (Consensus 1.3%), Initial Claims (Consensus 460K) and Continuing Claims (Consensus 4580K).
Tomorrow, before the open, look for CAG, DFS, LEN, MKC and RBN to report results.
carr [7:59]: Good morning jim ravinmufid kotarah and elliottb
kotarah [8:00]: good morning
kotarah [8:01]: Early Floor Talk: Futures weaker ahead of dataEquity futures are lower this morning (S&P futures -7, DJ futures -46), following yesterday's choppy post-FOMC afternoon that left the major averages mixed on the day. The FOMC left the target range for the fed funds rate unchanged at 0.00-0.25%, as expected, and the June policy statement was very similar to the April directive. The biggest difference was the Fed's acknowledged that "Financial conditions have become less supportive of economic growth on balance, largely reflecting developments abroad." However, the developments abroad (i.e. the European debt problems) are well known by now, so that language wasn't viewed to be a major revelation for the markets. As such, the post-Fed trading action was choppy, with the major averages finishing the day at about the same spot they were prior to the release of the FOMC statement.
Overseas markets generally fell overnight, with European stocks (FTSE -0.6%, CAC -1.0%, DAX -0.6%) showing consistent losses, led by weakness in Greece (ASE -2.4%). Greece's bonds also fell further today, with yields rising another 8 bps to 10.4%; this compares to the German bund yield of 2.6%. The euro is weaker vs. the dollar, -0.0034 at $1.2277. Asian stocks were more mixed (Nikkei +0.1%, Hang Seng -0.6%, Shanghai -0.1%), with Japanese export data helping its market outperform in Asia. Australian stocks were flat after the country's prime minister Kevin Rudd stepped down and will be replaced by Julia Gillard. This move could be seen as a positive development for mining companies, as Rudd had been in support of the mining tax that was expected to affect the likes of BHP and RTP.
U.S. corporate newsflow is light this morning, although homebuilder LEN reported mixed earnings and food company CAG reported results slightly below expectations. Later this morning May Durable Orders and Weekly Jobless Claims data could change the picture when they are released at 8:30 ET.
kotarah [8:02]: 08:01 Asian MarketsNikkei...9928.34...+4.60...+0.10%. Hang Seng...20733.49...-123.10...-0.60%.
08:01 European MarketsFTSE...5145.13...-33.40...-0.60%. DAX...6172.20...-32.40...-0.50%.
jim [8:02]: Good Morning Carr , Kotarah, JB
kotarah [8:02]: good morning
kotarah [8:03]: 08:02 S&P futures vs fair value: -8.50. Nasdaq futures vs fair value: -17.30.More selling among overseas markets and a pullback by the euro have weighed on domestic stock futures, such that a markedly lower start to trade looks to be in order. The latest batch of earnings results haven’t done much to prop up the tone of premarket trade. Nike (NKE) reported in-line earnings, but saw a 7% year-over-year rise in futures orders. Bed Bath & Beyond (BBBY) brought in better-than-expected earnings, but issued downside guidance. Homebuilder Lennar (LEN) posted an upside surprise of its own, but it stated that new orders are down 10% year-over-year. That statement follows a housing report yesterday that showed new home sales fell to their worst rate on record. In terms of the latest data, durable goods orders for May are due at the bottom of the hour, as are the latest lot of weekly jobless claims. Natural gas inventory data will be released at 10:30 AM ET. Results from an auction of 7-year Treasury Notes are due at 1:00 PM ET.
kotarah [8:10]: 08:10 On The WiresAdvanced Energy Industries (AEIS) announced that it has expanded its service facility and installed a new manufacturing line for its RF generator products, located in Sungnam City, South Korea. The company began shipping its first Korean-manufactured product, earlier this month... Cabot Corporation (CBT) has officially opened its black masterbatch manufacturing facility in the Jebel Ali Free Zone, Dubai. The plant has an initial production capacity of 25,000 metric tons per year with provision to expand to 75,000 metric tons in the future. Production is scheduled to commence in August 2010... Heartland Payment Systems (HPY) has installed its E3 terminals at 1,020 merchants since commercially launching the industry-leading end-to-end encryption technology on May 24 at the 2010 National Restaurant Association Hotel-Motel Show in Chicago.
madriver [8:15]: good morning
kotarah [8:15]: good morning
kotarah [8:17]: Stock futures fall, point to lower opening- AP
Stock futures fell Thursday as investors brace for new economic and jobs reports that are expected to paint a mixed picture for the economy.
kotarah [8:18]: DISPLAYSELECT A FILTERFilter by Comment Type: OFF08:18 On The WiresOXiGENE (OXGN) announces that data from its clinical trials of ZYBRESTAT and chemotherapy in patients with anaplastic thyroid cancer will be presented at the 14th International Thyroid Congress in Paris, France, on September 12... AGTC, a privately held co, and Icagen (ICGN) announced the completion of an agreement for the purchase and sale of certain patent rights between the companies. ICGN has assigned ownership of the patents to AGTC, which intends to use the patented technology for gene therapy as a potential treatment for Achromatopsia. AGTC will make a $1.0 million payment to ICGN... Zebra Enterprise Solutions, a division of Zebra Technologies (ZBRA), announced BAS Trucks will implement ZES' ISO/IEC 24730-2 Real Time Locating System to help increase sales and improve customer service... Renewable fuels provider New Generation Biofuels Holdings (NGBF) announced that the Baltimore City Board of School Commissioners has approved a long term boiler test and evaluation of its proprietary biofuel. The maximum volume for the program is capped at 1,000,000 gallons, but can be increased up to 2,000,000 gallons if both parties agree... Palatin Technologies (PTN) completes patient dosing and database lock in study of bremelanotide, its subcutaneously administered melanocortin agonist for treatment of erectile dysfunction. Co expects to report top-line data in the next calendar quarter.
madriver [8:19]: kotarah....when you get a chance take a look at JHX....short??? I think it look really good short...your thoughts?
kotarah [8:19]: will do
JayBird [8:20]: durable goods orders for May are due at the bottom of the hour, as are the latest lot of weekly jobless claims. Natural gas inventory data will be released at 10:30 AM ET. Results from an auction of 7-year Treasury Notes are due at 1:00 PM ET.
madriver [8:23]: hey carr......did you feel that earthquake???
kotarah [8:23]: madriver JHX has a bearish signal and is below bollinger bands if market continues to slide which I think it will it would be a good short
madriver [8:23]: thx kotarah.
kotarah [8:25]: 08:21
SCANX Gapping up General news: LTBR +15.9% (continued strength from 60% jump yesterday), MIPI +14.4% (presents positive data from Azedra Phase 2a clinical trial in Neuroblastoma Tumors), HAS +11.4% (Hearing early strength attributed to reports related to potential takeover), AVEO +1.7% (receives orphan medicinal product designation for Tivozanib for the treatment of renal cell carcinoma by the European Medicines Agency), LDK +1.6% (signs module supply contract with Gestamp Solar), BP +1.4% (provides update on LMRP cap containment operations).
carr [8:28]: Morning madriver yes I felt it but I used to live in California so it seemed kind of small to me.
kotarah [8:30]: 08:30 BSX Boston Scientific Announces FDA Approval and Launch of Lead Splitters for the Precision Plus(TM) Spinal Cord Stimulator System ...
08:30 ECONX Initial Claims 457K vs 460K Briefing.com consensus, prior revised to 476K from 472K
08:30 ECONX May Durable Orders -1.1% vs -1.3% Briefing.com consensus, prior revised to 3.0% from 2.8%
08:30 ECONX May Durable Orders ex-trans +0.9% vs +1.3% Briefing.com consensus, prior revised -0.8% from -1.1%
08:30 ECONX Continuing Claims falls to 4.548 mln from 4.593 mln
kotarah [8:31]: 08:31 TECHX E~mini futures contracts jump higher from the lows following the batch of premarket econ. dataS&P 500 (ES) now -6.75
NDX 100 (NQ) now -13.50
INDU 30 (YM) now -57
rw [8:37]: Morning all
carr [8:38]: morning rw
jim [8:40]: Morning RW
karenbcz [8:43]: hmmmm .. yummy! Nice orderly CRASH coming! Go TZA, Go FAZ!!
Treacherous_Cretin [8:44]: jobs data slightly better then expected....yet no mention of revisions past worse than expected for last reports
karenbcz [8:44]: "better than expected" .. ??? ROFLMAO!! Right! Ten more PHDs found part-time work at Wall-Mart.
Treacherous_Cretin [8:47]: Yeah it is a joke karen. I know a guy who is a plastics engineer that now puts on a referee uniform and sells shoes to women at a Ladies Footlocker store and paints houses the rest of the time. He is among those counted as employed now. Can barely hang on to his house
Treacherous_Cretin [8:47]: don't count on any huge crash today though
jim [8:48]: today we will most likely open green
Treacherous_Cretin [8:48]: we are still well above levels that need to break for anything spectacular
karenbcz [8:48]: TC: I'm not looking for a "flash crash" ... just a nice orderly one ... like 3 yrs. ago. :>)
Treacherous_Cretin [8:49]: may or may not ever happen. I no longer take positions based on what I think could or ought to happen.
Treacherous_Cretin [8:49]: Just trade the market that is there in front of you right now
Treacherous_Cretin [8:49]: all else can lead to ruin
Treacherous_Cretin [8:50]: opinions and emotions are the two worst trade signals and indicators
jim [8:51]: rpc running
rw [8:52]: very wise comment Treacherous_Cretin............
rw [8:52]: BBBY may be good gap down play
karenbcz [8:58]: Funny .. IRE and AIB always gap down and go up at same time.
Treacherous_Cretin [8:58]: they are both irish banks. That's why
Treacherous_Cretin [8:59]: bankrupt irish banks
Treacherous_Cretin [8:59]: not sure there are any solvent irish banks anymore
rw [9:00]: kotorah - thoughts on BBBY and PFE please
ravinmufid [13:01]: bank of ireland good one
jim [9:01]: adg running
ravinmufid [13:01]: Bank of ireland
jim [9:02]: ADG may be a good short at these levels
ravinmufid [13:02]: hi
Treacherous_Cretin [9:03]: hi ravin
ravinmufid [13:04]: hi mate can u see my chat text
Treacherous_Cretin [9:05]: yes. you look fine
carr [9:06]: Neither AIB or IRE look very good to ma on either a 60m or a 5m chart as a long prospect.
kotarah [9:06]: sorry RW was away
kotarah [9:06]: 08:55 Page One: Worries Set InU.S. equity futures are slumping in tandem with investors' conviction this morning. The dour mood comes on the heels of yet another dovish FOMC meeting in which the fed funds rate was left unchanged at 0.00% to 0.25%. While no one was expecting a change in the rate, verbiage in the FOMC statement underscored increasing concerns over the strength of the economic recovery. Specifically, the Fed stated that financial conditions have become less supportive of growth, where before it had said they were "supportive".
Full Article
08:55
SCANX Gapping downIn reaction to disappointing earnings/guidance: BBBY -5.1%, MLHR -5.0%, PAYX -4.4%, NKE -2.4% (also removed from FBR Top Picks List at FBR Capital), LEN -1.2%.
Select financial related names showing weakness: IRE -6.3%, FIG -4.3% (announced that it elected not to pay a dividend in Q2 of 2010), AIB -4.2%, NBG -3.4%, BBVA -3.0%, CS -2.5%, STD -2.0%, AEG -1.5%, LYG -1.4%, DB -1.4%, HIG -1.1%, BCS -1.0%.
Select metals/mining stocks trading lower: TGB -7.3%, RTP -2.2%, BBL -1.6%, MT -1.6%, BHP -1.5%, HL -1.6%, SLW -1.5%, MTL -1.4%, GFI -1.3%, GG -1.0, VALE -0.7%.
Select oil/gas related names showing under modest pressure: REP-2.7%, MMR -2.6%, SSL -2.1% (provides operational update ), CNQ -1.7%, RDS.A -1.6%, SU -1.6%, HP -1.2%, BEXP -1.1%, PXD -1.0%.
Other news: LOGI -3.6% (ticking lower; Hearing attributed to analyst downgrade), CYS -2.4% (announces 8 mln share common stock offering), WPPGY -2.0% (still checking), APOL -1.4% (confirms Ninth Circuit Court of appeals reverses lower court ruling in Apollo Group securities lawsuit), NE -1.4% (Noble Corp reaches agreement on Noble Clyde Boudreaux), PFE -0.9% (suspends tanezumab osteoarthritis clinical trial program), .
Analyst comments: SI -1.4% (downgraded to Market Perform from Outperform at Bernstein), LOW -1.2% (downgraded to Neutral from Buy at Janney Montgomery), HD -0.8% (downgraded to Neutral from Buy at Janney Montgomery), BAC -0.5% (target lowered to $20 from $24 at Collins Stewart).
rw [9:06]: thanks kotorah
kotarah [9:07]: Page One: Worries Set InU.S. equity futures are slumping in tandem with investors' conviction this morning. The dour mood comes on the heels of yet another dovish FOMC meeting in which the fed funds rate was left unchanged at 0.00% to 0.25%. While no one was expecting a change in the rate, verbiage in the FOMC statement underscored increasing concerns over the strength of the economic recovery. Specifically, the Fed stated that financial conditions have become less supportive of growth, where before
DJalecC [9:07]: morning all :-)
carr [9:08]: morning DJ
kotarah [9:08]: morning
kotarah [9:11]: Maddriver JHX down 0.80
Andrew [9:15]: Good morning. Today looks like a great opportunity to buy some gap downs.
rw [9:15]: morning DJalecC
rw [9:16]: Yes Andrew
carr [9:16]: morning Andrew
rw [9:16]: PFE PHG BBBY look good
Andrew [9:18]: I think my favorite of those is PHG
rw [9:19]: Interesting Andrew -=====I do think PHG will gap up
Andrew [9:21]: Actually it is now trading a little higher than it was earlier this morning so I'm not sure about it: 31.30 bid and 31.34 ask
Andrew [9:21]: I might also focus on AFFY again since that's been my best stock this week.
Andrew [9:22]: It's still struggling to find a lot of buyers.
rw [9:29]: bbby dropping
Andrew [9:30]: short AFFY 7.11
carr [9:30]: anyone watching HAS Hasbro Up on Speculation of Buyout by Providence Equity Partners 06/24 09:24 AM
karenbcz [9:30]: IRE is hot!
Andrew [9:31]: long FAS 22.16
Andrew [9:32]: added to FAS 21.97
Andrew [9:33]: added to FAS 22.13
Andrew [9:35]: added to AFFY short 7.11
Andrew [9:35]: added to AFFY short 7.16
Andrew [9:37]: added to FAS 22.08
karenbcz [9:37]: mmr
karenbcz [9:38]: i guess you could "chase" MMR for a higher high ... maybe?
Andrew [9:38]: short RDN 8.29
Andrew [9:39]: short PCX 14.00
karenbcz [9:39]: Just made $3K on FAZ.
Andrew [9:39]: tripled up on PCX short 13.97
iswing64 [9:40]: Great Karen!!
Andrew [9:40]: tripled up on RDN short 8.26
iswing64 [9:41]: Did you sell all or part?
karenbcz [9:41]: ISwing ... I'm still NOT out. I'm planning too make $6K. :>)
Andrew [9:41]: addded to FAS 21.86
rw [9:41]: andrew PHG was the worst choice of the three BBBY doing great PFE no loss
iswing64 [9:43]: Oh ok karen..I'm hangin in there myself..good luck..
Andrew [9:44]: PFE had a bad bounce
Treacherous_Cretin [9:44]: short TZA 7.22
Andrew [9:44]: BBBY was good
Andrew [9:45]: The whole market is having trouble bouncing much so far.
Treacherous_Cretin [9:45]: yeah. the tza short may be doomed
Treacherous_Cretin [9:46]: looks good to me though
LEECO [9:46]: good morning all from Virginia Beach from -morningme & TraderBob
Treacherous_Cretin [9:46]: leaving it on a while.
Treacherous_Cretin [9:46]: bye
carr [9:47]: Morning Leeco are you behaving yourselves?
LEECO [9:47]: morning T_C,Andrew,rw,iswing,
Hank [9:47]: morning all.
carr [9:47]: morning Hank
Andrew [9:47]: The financials aren't bouncing along with the rest of the market - may drag us down today
iswing64 [9:47]: Morning
carr [9:48]: Hey swing
Hank [9:48]: just watching TAT that s all low volume
LEECO [9:48]: morning madriver,jim,hank,nester,carr
Andrew [9:48]: added to FAS 21.80
Andrew [9:51]: out FAS -1.4%
iswing64 [9:51]: L NG @ 7.29
Andrew [9:52]: back in FAS 21.62
Andrew [9:53]: out PCX +1%
Andrew [9:53]: tripled up on FAS 21.64
Andrew [9:56]: out 1/3rd AFFY +2.6%
Andrew [9:56]: added to FAS 21.50
Andrew [9:57]: out another 1/3rd AFFY +4.7%
karenbcz [9:57]: Andrew: what R U doing? Adding (FAS) to a losing position?
Andrew [9:58]: Yes, I'm still looking for a market bounce since things are pretty oversold.
Andrew [9:58]: all my other trades have been shorts too
Andrew [9:59]: I was trying to do some good hedging but it didn't work out as well since the market didn't bounce much at all yet.
Andrew [9:59]: added back to AFFY short 6.95
karenbcz [9:59]: LSWING??
karenbcz [9:59]: LSwing: my dilemma at this point is, WHEN to sell FAZ.
iswing64 [10:00]: Yes karen
Hank [10:00]: TZA 7.18/7.39= .21 3% part 1 from 06/23
Andrew [10:01]: added to AFFY short 6.93
Hank [10:01]: TZA 7.24/7.38=.14 2% part 2 from 06/23
karenbcz [10:01]: LSwing: It is at THIS point that I "feel" uncomfortable ... "pressing my luck".
iswing64 [10:02]: Can't say for sure..but watching faz i upper bb/band fence line 13 ema over 20 would prolly be a sell for me.. but will see...60 min chart
Andrew [10:02]: out RDN -0.36%
Hank [10:03]: TZA 7.30
karenbcz [10:03]: LSWING: 3 red candles on 2-miute chart .... FAZ going DOWN from here.
karenbcz [10:04]: ???
rko [10:04]: FAZ $12 PUT Jul10 @ .12 x 10
Andrew [10:05]: out FAS +0.6%
Andrew [10:05]: long FAZ 15.72
karenbcz [10:06]: WTH!!! I'll just stay in until it hits $18.00. LOL!
Andrew [10:06]: tripled up on FAZ 15.73
iswing64 [10:06]: Do what you would do karen..thats all i can say...good luck.. daily stochastics good as well on faz so im hangin with it..
Hank [10:08]: S 4.42
iswing64 [10:09]: You can scale in/out if you wish to in parts..good luck to you..
Andrew [10:09]: short LCC 9.69
jim [10:09]: FAS L 21.72
Andrew [10:09]: added to LCC short 9.68
Andrew [10:09]: back short PCX 13.94
Andrew [10:10]: short SPWRA 13.84
Andrew [10:11]: added to PCX short 13.93, added to SPWRA short 13.82
ortrade [10:12]: HOC 200s@27.69p
Andrew [10:12]: added to AFFY short 7.00
Andrew [10:13]: added to PCX short 14.00
Andrew [10:13]: short RDN 8.40
Andrew [10:14]: tripled up on RDN shor 8.38
Andrew [10:15]: The financials are dragging us lower
Andrew [10:15]: out SPWRA +1.1%
ortrade [10:17]: The new method is to annihilate any movement in the gaps at hedge entry levels and take the stock in opposite direction after long range consolidation there.. good example is HOC.
Andrew [10:20]: added to RDN short 8.43
Andrew [10:21]: added to PCX short 14.08
Andrew [10:22]: added to LCC short 9.72
ortrade [10:22]: FNSR 200s@16.p
Andrew [10:23]: added to RDN short 8.47
LEECO [10:25]: under screens is "covered call guide" ?how does one use it?
ortrade [10:26]: Exit FNSR -28$p
Andrew [10:27]: I think it shows you the most volatile stocks out there Leeco since those can be good ones for doing covered calls?
Andrew [10:27]: added to PCX short 14.10
Andrew [10:28]: added to LCC short 9.76
LEECO [10:28]: does that mean it is best time to sell covered calls?
Andrew [10:28]: I'm not sure.
LEECO [10:29]: ok I'll find out from GAR as there is no tutorialn that or mentionn his book
Andrew [10:29]: out RDN tiny loss
Andrew [10:30]: added to LCC short 9.79
Andrew [10:31]: added to FAZ 15.72
Andrew [10:31]: out half PCX tiny gain
ortrade [10:31]: Good example of my 10.17 post watch how they ramp up HOC on the long side on giant green bar all the way to whole number 28.
Andrew [10:32]: added back to PCX short 13.95
Andrew [10:35]: out PCX +1%
nester [10:36]: morning all everyone doing well today?
Andrew [10:36]: Good morning nester, shorting and adding on the bounces has been pretty safe this morning.
nester [10:37]: paper'd TZA @ 7.23
ortrade [10:37]: Exit HOC -85$p
Andrew [10:38]: out half LCC tiny gain
Andrew [10:40]: added back to LCC short 9.70
Andrew [10:41]: I hope we don't just wind up moving choppy sideways for the rest of the day.
LEECO [10:43]: good morning nester
nester [10:43]: morning Leeco how was your time away?
Andrew [10:46]: out LCC +1.1%
Andrew [10:46]: I'm trying to scalp out most of my shorts while holding FAZ and AFFY short longer-term today.
nester [10:47]: TZA $7 calls $0.84
ortrade [10:47]: FNSR 200s@16.05p
Andrew [10:50]: back short RDN 8.33
Andrew [10:51]: back short LCC 9.68
Hank [10:51]: S 4.45 add
Andrew [10:52]: tripled up on RDN short 8.30
Andrew [10:53]: short MBI 6.03 (triple position)
Andrew [10:53]: short PMI 3.16 (double position)
Andrew [10:54]: The mortgage insurers look like they could have a lot more downside today.
karenbcz [10:54]: LSWING???
Andrew [10:55]: tripled up on LCC short 9.64
karenbcz [10:55]: Lswing ... look at that weird pattern on the 1-minute chart .. between 10:31am and now.
karenbcz [10:55]: FAZ
karenbcz [10:55]: SING - look at the candlesticks.
karenbcz [10:55]: SWING
iswing64 [10:57]: Yes.. do you trade long term from a 1 min point of view?
iswing64 [10:58]: you can always lighten up some karen..
iswing64 [10:59]: I'm sticken with the 60 min trend bb/bands..4ema 9 ema 13 ema and stochastics
Andrew [11:00]: added to PMI short 3.17
iswing64 [11:00]: I' don't have a huge position like you do...lol
Andrew [11:01]: Yeah the financials are behaving very strange today. They found some buyers.
ortrade [11:01]: According to SV all top strategies are red and so is the bear bull. It looks like shorts are good now..
Andrew [11:02]: I think they're just consolidating before moving back lower.
Andrew [11:02]: out 1/4th AFFY +2%
Andrew [11:04]: out LCC tiny gain, too strong today
Andrew [11:05]: If the financials head back to lows the market could really sell off.
Andrew [11:07]: out RDN +1.8%
Andrew [11:07]: out PMI +1%
ortrade [11:07]: HOC 200s@27.92p
Andrew [11:07]: out another 1/4th AFFY +3%
Andrew [11:08]: out 1/4th FAZ +1.4%
ortrade [11:08]: UPL 200s@46.48p
jim [11:08]: out fas 21.34 -2%
Andrew [11:09]: added back to AFFY short 6.87
Andrew [11:10]: The VIX is back up close to 30
ortrade [11:14]: critical time today is 1.45om
Andrew [11:14]: I wonder if we will have a counter-move back higher during mid-day.
nester [11:15]: got to start heading to the airport. good luck all
Andrew [11:15]: Bye
iswing64 [11:15]: bye nester have a good one..
Andrew [11:16]: back short RDN 8.26
Andrew [11:18]: short GDP 13.26
Andrew [11:19]: added to RDN short 8.27
Andrew [11:20]: added to RDN short 8.27
Andrew [11:21]: tripled up on GDP short 13.25
LEECO [11:21]: nester you told me about a screen on SV called "best for options" I found it once but haven't seen it lately ny reason?
carr [11:22]: LEECO it is the second one down just under All Stocks by Rating
karenbcz [11:23]: Woooo weee!! FAZ trying to break $16.oo!!
karenbcz [11:23]: woo weee!
Andrew [11:24]: The financials are some of the weakest stocks today.
Andrew [11:24]: Are you in FAZ karen?
ortrade [11:25]: Exit ELP -44p
Andrew [11:25]: out MBI +1.8%
carr [11:26]: Ortrade who trades Emerson Lake and Palmer LOL
karenbcz [11:27]: Looks like SPY going UP from here.
Andrew [11:27]: There are still lots of buyers each step on the way down. We're kind of doing a stair-step down now instead of people freaking out like the first half hour this morning.
Andrew [11:28]: back short PCX 13.86
Andrew [11:28]: tripled up on PCX short 13.85
rko [11:31]: EMC Oct10 19 Calls 1.20x10
Andrew [11:33]: out another 1/4th FAZ +1.6%
LEECO [11:34]: thanks carr I'll look
ortrade [11:36]: Exit ULP +50$p
Andrew [11:36]: out another 1/4th FAZ +1.5%
Andrew [11:38]: out GDP -0.28%
Andrew [11:38]: out RDN +1%
Andrew [11:39]: added to PCX short 13.95
ortrade [11:39]: car, just saw your message at 11.26, did you just got on my case for losing 44$p?
Andrew [11:41]: Have there not been many Trap doors recently?
Andrew [11:42]: short ATPG 10.99
Andrew [11:43]: added to PCX short 13.99
Andrew [11:44]: added to ATPG short 11.10
Andrew [11:45]: added to ATPG short 11.11
Andrew [11:46]: added to FAZ 15.87
Treacherous_Cretin [11:48]: back again.
Treacherous_Cretin [11:49]: I see my TZA was not a good trade
ortrade [11:49]: Exit FNSR +60p
Andrew [11:49]: added to FAZ 15.82
ortrade [11:49]: FAZ 200s@15.84p
Treacherous_Cretin [11:50]: I did not wait for the right entry. 7.30s would have been the proper area
Andrew [11:50]: It's back to your entry though TC, might work out.
Treacherous_Cretin [11:50]: I have been seeing some of my entries have been less than ideal because of not waiting long enough
Andrew [11:51]: added to PCX short 14.01
Treacherous_Cretin [11:51]: Usually do not take a lot of entries befor 10.15 am
Treacherous_Cretin [11:51]: must work on my trade stalking
Andrew [11:51]: added to FAZ 15.87
Andrew [11:54]: back short RDN 8.17
Andrew [11:56]: back short MBI 6.02
Andrew [11:56]: tripled up on MBI short 6.01
Andrew [11:59]: added to ATPG short 11.12
Andrew [11:59]: added to RDN short 8.19
Andrew [12:00]: out half PCX tiny loss
ortrade [12:00]: Exit HOC -50p
Andrew [12:00]: added to RDN short 8.24
Treacherous_Cretin [12:01]: cleared my TZA trade at even. Mainly because the entry was crap
Andrew [12:02]: added to FAZ 15.75
ortrade [12:02]: Add to FAZ short 200@15.86p
Andrew [12:02]: added to RDN short 8.28
Treacherous_Cretin [12:03]: Short APOL 46.95.
Hank [12:03]: TZA July 7 calls .78
Andrew [12:04]: added to MBI short 6.04
Treacherous_Cretin [12:07]: APOL was 47.10 when I sold at market. Got a crappy fill and maybe even entered too early
Treacherous_Cretin [12:07]: it should barf off soon
ortrade [12:07]: Exit half FAZ +8p
Andrew [12:08]: added to ATPG short 11.16
Treacherous_Cretin [12:09]: added a bit more APOL to avg 47.03 now
Treacherous_Cretin [12:09]: gonna let that cook. Bye again
ortrade [12:10]: Exit all FAZ short +14p
Andrew [12:11]: added to AFFY short 7.02
Hank [12:17]: CYTX 3.81
Andrew [12:19]: out half ATPG +1%
Andrew [12:20]: added back to ATPG short 10.96
Andrew [12:22]: out MBI no gain/loss
Andrew [12:22]: out PCX tiny loss
Andrew [12:23]: added to RDN 8.26
Andrew [12:24]: added to ATPG short 11.16
ortrade [12:25]: market very sideways right now.. one thing to be aware not to enter many positions because the already existing positions dont move..
Hank [12:25]: TZA July 7 calls .78/.84 ==.07 7%
Andrew [12:25]: added to ATPG short 11.19
Hank [12:26]: TZA JULY 7 calls .84
Andrew [12:27]: I think the last hour was just to trap the bulls so the bears could sell at better prices. I'm going to keep shorting the bounces until it no longer works.
ortrade [12:28]: Market is still establishing the daily range for the sidways with the sideways range high as the indexes daily open..
ortrade [12:30]: Just to remind as the mother of all headfakes is a large solid bar that look solid within the 5 min but ends as some broad range harami at the period close..
Andrew [12:32]: added to ATPG short 11.28
Andrew [12:34]: out ATPG -3%
Andrew [12:34]: I should have cut that one loose a lot sooner.
ortrade [12:37]: HOC 200s@28p
Andrew [12:37]: long ATPG 11.29
Andrew [12:38]: tripled up on ATPG 11.30
karenbcz [12:39]: LSWING????
karenbcz [12:39]: Next FAZ rally, I will sell 1/2.
karenbcz [12:39]: today
iswing64 [12:41]: Ok..drink are on you!!
iswing64 [12:41]: drinks
karenbcz [12:41]: :>)
ortrade [12:44]: HOC maybe yielding now
Andrew [12:45]: added to ATPG 11.20
Treacherous_Cretin [12:46]: stop on APOL cinched to 46.86 to ensure no loss
Andrew [12:47]: added to ATPG 11.20
ortrade [12:48]: FAZ 200@15.86p
ortrade [12:49]: target for HOC 27.30p
knight [12:50]: add seed 8,38
Andrew [12:51]: added to ATPG 11.15
knight [12:52]: faz short 15,9
Andrew [12:52]: out RDN -0.75%
ortrade [12:55]: market somehow tries to repeat yesterday trading pattern on indexes on daily.
Andrew [12:57]: I made some stupid mistakes mid-day and wound up giving back about half of my profit. Things are a lot more choppy than I expected following the strong selling on good volume in the first half hour.
ortrade [12:58]: Exit FAZ -23$p
Andrew [12:58]: added to FAZ 15.77
Andrew [13:01]: out ATPG tiny gain
Andrew [13:02]: back short RDN 8.28 (triple position)
ortrade [13:03]: my goal in sideways to end up break even not accumulate losses.
Andrew [13:04]: added to RDN short 8.32 (double position)
Andrew [13:05]: back short SPWRA 13.49 (double position)
Andrew [13:06]: short ATPG 11.27 (triple position)
Treacherous_Cretin [13:08]: stopped on APOL for mini profit
Andrew [13:10]: added to ATPG short 11.37
Andrew [13:11]: added to SPWRA short 13.52
ortrade [13:12]: The new pattern on indexes on daily is to tempt the traders with a headfake trend. By the time traders did their analysis and found pics likely to move the MM keeps market sideways and confiscate trader dogbag from both long and shorts. That takes place for a large fraction of the day and it indicates both hedge funds or investors are out of the equation which explains very low volume. Ocassionally later in the day the MM will let the market move.,.
Andrew [13:12]: added to RDN short 8.41
Andrew [13:14]: added to ATPG short 11.36
Andrew [13:19]: added to AFFY short 7.02
knight [13:19]: shorty pumper try to pump down without sucess
Treacherous_Cretin [13:25]: short APOL 47.38
ortrade [13:25]: FAZ 200@15.75p
Treacherous_Cretin [13:30]: short balance off APOL 47.48 for avg of 47.44
ortrade [13:34]: Exit FAZ -17p
karenbcz [13:35]: LSWING???
karenbcz [13:36]: FAZ done! Top was $15.99.
kotarah [13:36]: 16
Andrew [13:37]: Things are changing their personalities too much today - all over the place.
knight [13:38]: rdn 8,4
iswing64 [13:39]: Yes the top for today perhaps..i expect prices to fall back to 13 ema on 60 min.. as yesterday..but that's just what i think...do as you wish.
Hoecake [13:40]: BAC looks like its with 4 to 5 % of a support line... I think i might pick up a couple July 15 calls
Andrew [13:41]: added to AFFY short 7.06
ortrade [13:46]: Faz is dropping
Andrew [13:46]: added to RDN short 8.60
ortrade [13:46]: In my opinion the shorting of FAZ will be very choppy and not tradable
Andrew [13:49]: added to RDN short 8.73
ortrade [13:49]: FAZ 200s@15.48p
ortrade [13:50]: I thought I'll get on the buss as no one else will.. llike limo trip.. lol..
Andrew [13:53]: Huge short squeeze in the financials
Andrew [13:53]: added to FAZ 15.45
Andrew [13:54]: added to FAZ 15.44
isabelle [13:57]: Looks like market coming back....or for a short period of time only to get the short out........
zeke [14:00]: Andrew-why RDN? its just climbing and climbing
Andrew [14:00]: I got caught in the RDN short squeeze so I'm just waiting for a pop down to get out and minimze the damage.
Andrew [14:00]: Same with FAZ
Andrew [14:01]: I got too aggressively short, especially the financials since they were so weak this morning.
ortrade [14:01]: Exit FAZ +20$p
zeke [14:01]: understood-been there dude
isabelle [14:02]: same here
Andrew [14:03]: Unfortunately for some bad trading on my part I think I will be giving back most of this week's profit today.
Andrew [14:04]: Never good to do, but every once in a while I can deal with it.
Treacherous_Cretin [14:04]: stop on Apol cinched to 47.40 to prevent a loss. Probably a dead trade if they keep the bozo rally going
Treacherous_Cretin [14:05]: has as good a chance of working as anything else I am looking at right now
ortrade [14:05]: FAZ 200@15.46p
Treacherous_Cretin [14:05]: no harm in leaving on with a stop
Andrew [14:09]: out FAZ -1.4%
ortrade [14:12]: I refrain from reporting precentages from the following reason. Lets say I keep adding to position 4 times. It goes against me and I exit at 0.3%. In fact that says nothing on the actual dollar amount lost.. To keep the traders correctly informed I report the dollar amount..
Hank [14:12]: TZA coming up 1-5 reverse split, options work the same, if one owns 10 options contracts , after new date, the owner now owns only 2 contracts but at same stike price, which never changes, stays the same price. If any one is interested.
isabelle [14:19]: but aren't we loosing money if we end up with only 2 contrats instead of 10?
Hank [14:21]: you are correct. thats why you allways check the stock for damamge control coming up.
JayBird [14:21]: No...isabelle....the value per share will increase but the strike price remains the same
isabelle [14:22]: I see, so that means that we will be "in the money" faster
isabelle [14:22]: I am right?
Andrew [14:22]: out ATPG +1.6%
isabelle [14:25]: So, if I buy 10 july 7$ calls and they do a 1-5 split, my strike price will still be 7$ but the price of the stock will be 35$ is that right? Sorry, I'm new to options and trying to learn
JayBird [14:25]: The strike price remains the same....and your total price paid stays the same. The cost of each contract will go up.
isabelle [14:25]: ok thank you very much Jaybird
Hank [14:32]: isabelle Options clearing.com good info web site
ortrade [14:34]: Exit HOC -27$p
isabelle [14:35]: thanks Hank, I'll check it out
JayBird [14:35]: Good idea...Hank....double check my info at an official site. Thanks....I didn't know a good site
Andrew [14:38]: The market today has mostly been a choppy, volatile mess.
Treacherous_Cretin [14:39]: but there have been some good trades if you have patience
Treacherous_Cretin [14:39]: I haven't made any, but I botched some...lol
Treacherous_Cretin [14:39]: APOL is starting to work right, but that could change at any time
Andrew [14:40]: A lot of weak ones today totally changed their personalities around 11:00am today.
Treacherous_Cretin [14:41]: morning reversal on APOL was a beauty I regret not seeing when it materialized
ortrade [14:42]: A main change in market disposition happened at 1.45pm at briefing.
Andrew [14:42]: That led to that extra move higher that scared some bears out and trapped some bulls. Tricky stuff.
Andrew [14:45]: out half RDN -3%
ortrade [14:46]: Add FAZ 200@15.68p
Treacherous_Cretin [14:48]: stop on APOL cinched to 47.04 to protect an almost 1% gain
Andrew [14:48]: added back to RDN short 8.66%
ortrade [14:52]: FAZ is on the dtn trendline on 5min.
Andrew [14:52]: out RDN -1.6%
Andrew [14:53]: out SPWRA +1%
ortrade [14:54]: I wont exit on dtn but keep to alex stop.
Andrew [14:55]: The sellers today were very patient in refraining from getting too aggressive during mid-day.
Andrew [14:55]: Once I got negative for the day though I couldn't justify continuing to hold all my shorts.
ortrade [14:56]: Add to FAZ 200@15.80p
rko [14:57]: Pretty broad sell-off
Andrew [14:57]: long FAS 21.48
stcrim [14:58]: Any suggestions for real-time market data and charting with paper trading included like Ninja Trader? I see in a away that's all here but without access to a broker.
Andrew [14:59]: tripled up on FAS 21.50
Andrew [14:59]: back short RDN 8.69
Andrew [15:00]: You mean a broker with good charting/data stcrim?
ortrade [15:01]: Exit FAZ +83p
Andrew [15:02]: added to RDN short 8.70
rko [15:04]: Thinkorswim is probably the best for charting/paper trading
carr [15:04]: stcrim, I use esignal advanced get, because I use a number of different indicators that require on of the expensive charting platforms, but their screener is terrible, as are most other screeners. StockVision is the best I have ever used, and I have tried most of them. Since coming to StockVision, I only use esignal as a second confirmation to what SV already tells me.
Andrew [15:04]: added to RDN short 8.72
Hank [15:06]: stcrim , http://www.freestockcharts.com/ may be of some help.
Andrew [15:06]: Quotetracker from TD Ameritrade is very good
ortrade [15:06]: The FAZ dtn has more ruggedy look then FAZ utn so the entries are more tricky..
ortrade [15:08]: in that case one needs to consider the finder past structure - chanell or as such..
Andrew [15:08]: added to RDN short 8.71 (double position)
Andrew [15:10]: out FAS tiny loss
ortrade [15:12]: FAZ is in fragile region now..
Treacherous_Cretin [15:12]: APOL stop moved down to 46.72 in case we bounce out of here
Andrew [15:12]: back in FAS 21.33
Treacherous_Cretin [15:12]: part of me thinks we could close under 10k today
ortrade [15:13]: As I posted 1.45pm was the turning point of the day you can noticed that very clearly.. The pullback from 1.45 resulted in lower lows..
Andrew [15:14]: added to FAS 21.28
karenbcz [15:14]: Yeee Hahhhhhhhhh!! FAZ @ $16.oo again!!
karenbcz [15:14]: I'm OUT!
Treacherous_Cretin [15:14]: good job karen
ortrade [15:14]: FAZ is in treachery mode today.. that giant green bar.. on 5 min..
carr [15:14]: Great Karen
Andrew [15:15]: out half AFFY +1.1%, I took on a lot on that pop-up mid-day
isabelle [15:15]: It has to cross 16.00$!!!!!
Treacherous_Cretin [15:15]: 5 minute charts will chop you up ortrade
Andrew [15:16]: added to FAS 21.34
ortrade [15:16]: This is another interesting crowd effect.. Good way to get business to restaurant is paying customers to stay in queue. Others will join regardless the restaurant is good or not..
isabelle [15:16]: Go TZA FAZ
Andrew [15:19]: out RDN +1.7%
Andrew [15:19]: out 1/3rd remaining AFFY +2.1%
ortrade [15:19]: TC, I look at 5min, 15min and daily, ocassionaly at 60min, good luck with your long holds..
Treacherous_Cretin [15:19]: don't have any long holds
Treacherous_Cretin [15:20]: am short
Andrew [15:20]: added to FAS 21.24
Andrew [15:22]: added to FAS 21.35
ortrade [15:22]: used long to refer to holding for longer period than scalp..
Treacherous_Cretin [15:23]: oh I see. Thanks
knight [15:23]: add faz short 15,99
ortrade [15:25]: FAZ 200@15.99p
knight [15:28]: PEIX .61
ortrade [15:31]: Exit FAZ -21$p
Gar [15:31]: Here for the close. Nice gains on some put options today.
Andrew [15:31]: added back to AFFY short 6.90
Andrew [15:32]: back short RDN 8.67
Andrew [15:32]: tripled up on RDN short 8.66
Gar [15:33]: Wow, $6 July calls on TZA are up 300% since Monday.
Andrew [15:35]: The buyers recently seem to have gotten run-over but they refuse to give up.
Andrew [15:35]: added to RDN short 8.71
Gar [15:36]: I can't believe I sold TZA calls for a paltry 80% earlier in the week...
isabelle [15:37]: well, with these ETF's we never know....
karenbcz [15:37]: GAR: I have a question re: FILTERS ...
isabelle [15:37]: a profit is a profit
karenbcz [15:38]: Re: 15 min. uptrend and 15 min. downtrend ... Is there any way you can add ... 5 min. uptrend/downtrend OR 10 min.
karenbcz [15:38]: By the time I SEE 15 imn uptrend, the move is too far gone.
karenbcz [15:39]: 5-min. uptrend would be more helpful.
Treacherous_Cretin [15:39]: APOL stop moved to 46.44 to protect a solid $1 gain over 2%
Gar [15:41]: karen I can't add anything new...until the powerscan version is out.
karenbcz [15:41]: k.
ortrade [15:41]: FAZ 200s@15.92p
isabelle [15:42]: any idea when it's going to be out?
Treacherous_Cretin [15:42]: helmets on
Gar [15:42]: Depends on how well our upcoming webinars go...lol.
isabelle [15:43]: ok
Andrew [15:43]: The market is having trouble deciding which way to go into the close.
isabelle [15:43]: I hope it's down
Treacherous_Cretin [15:43]: I think it ends in the ditch Gar
madriver [15:43]: ARNA and ZIOP worked great short today
Treacherous_Cretin [15:44]: kinda thought we might go sub 10k. Not so much on that anymore
Andrew [15:45]: out RDN tiny gain
ortrade [15:45]: Add FAZ 200s@15.90$p
Gar [15:45]: I'm with TC, I think we will get beaten to a pulp before the close. Then again, that is pretty obvious so who knows...
Andrew [15:46]: added to FAS 21.32
madriver [15:46]: close -135
Treacherous_Cretin [15:48]: closed the APOL short at 46.09
Treacherous_Cretin [15:48]: almost 3%. Good enough for me
rko [15:48]: Nice one TC
Treacherous_Cretin [15:48]: paper trade account back to where I was before the CSX debacle
carr [15:49]: excellent TC
Andrew [15:49]: I'm going with the bozo buyers for a change.
Treacherous_Cretin [15:50]: I smell a death spike donward into close
Treacherous_Cretin [15:50]: -160ish
Andrew [15:50]: I'm still short AFFY so I guess I might be hedged.
Andrew [15:51]: out 1/3rd AFFY +2.5%
ortrade [15:52]: Exit half FAZ short -15$
ortrade [15:52]: meant -15p
Treacherous_Cretin [15:53]: RIMM and ORCL report after bell. They could trash nasdaq or blow it up
Andrew [15:53]: I should have stuck with RDN short there
Treacherous_Cretin [15:53]: I am staying clear of close
madriver [15:53]: shorted Rimm for the heck of it on paper...
Treacherous_Cretin [15:54]: still sort of think RIMM blows it and sinks
madriver [15:54]: seems like everything tanks after earnings lately
Andrew [15:54]: Yeah its daily doesn't look too good
Treacherous_Cretin [15:55]: RIMM has nothing new and is having its lunch eaten by aapl and others
Andrew [15:55]: out FAS -0.3%
ortrade [15:55]: Exit Rest of FAZ short -20$
ortrade [15:55]: FAZ 200@16.0p
rko [15:56]: Darth Vader theme now blasting through my speakers --ready for the death spike.
madriver [15:56]: Andrew [15:55
madriver [15:56]: that was wierd
madriver [15:56]: weird
Treacherous_Cretin [15:56]: looking more like a death droop
Andrew [15:56]: The chart of XLF today is pretty brutal. Difficult stuff.
Hoecake [15:56]: Any lunars lining up
Treacherous_Cretin [15:56]: thought we would rise up higher before dropping
Gar [15:57]: Been watching DELL as a possible lunar.
Andrew [15:57]: The financials break out to highs only to get smashed back down to lows 2 hours later.
rw [15:57]: what is bullish in this market ---any reason for it to go up??
Andrew [15:58]: Relative strength and weakness trades didn't work as well today for me.
madriver [15:58]: no......none I can think of
rw [15:58]: Same here Madriver ----No reason for markets to go up NO good news - charts look bad SPY and others.
Andrew [15:58]: BVF looks good
Andrew [15:59]: out rest of AFFY +2.5%
madriver [15:59]: C on a lunar
Andrew [15:59]: I'm glad I was able to finish the day with a nice profit overall despite a couple of very bad trades today.
Treacherous_Cretin [16:00]: same here andrew. finally got my act together
Andrew [16:00]: Big buyers wound up appearing in the last couple of minutes
ortrade [16:00]: Close FAZ no gain loss. Total for the day -7$p on FAZ. Today I traded FAZ from mid day only. Tomorrow I will scalp it full day with 200 shares per position.
Hoecake [16:00]: Andrew just curious, how much is your goal to profit per week?
Andrew [16:00]: The VIX closed above 30 again though.
Treacherous_Cretin [16:00]: will stick wound to watch rimm report
Treacherous_Cretin [16:01]: orcl is always torture to get any information out of
Andrew [16:01]: I'm trading small amounts Hoecake so right now I'm just aiming to be near break-even after commissions.
Andrew [16:01]: Right now it's more about the practice, but I might start pressing it up in July.
Hoecake [16:02]: Gotcha, well from you track record you dont seem to be to shabby
madriver [16:02]: lots of sellers at close...RIMM
madriver [16:05]: amazing how quickly apple made inroads on RIM....appl is #2 in smartphone supposedly
Hoecake [16:06]: I think rimm will miss....if they dont I will be surprised.
Andrew [16:06]: ...kicking myself over not holding AAPL long-term when I bought it at 90.00 in March 2009, lol
rw [16:06]: I bought several times - at 79 or less
Gar [16:06]: Yeah but Andrew how could you have possibly known? AAPL defies gravity.
madriver [16:07]: appl...that would of been a nice hold
rw [16:07]: Yes aapl trades on emotion an emotional stock
rko [16:07]: I know, I had AAPL at 80. Sold it at 190
Treacherous_Cretin [16:07]: another steve jobs health scare could send it off a cliff
madriver [16:07]: rw......people fall in love with jobs and apple eventually might get burned..who knows
Andrew [16:07]: I also had BIDU at 20.00 and took just a relatively small gain on it. I think I'm better at day trading than longer-term trading.
rw [16:08]: Right Madriver
madriver [16:08]: bidu....at 20 holding cow....like to have that one back
Hemi [16:08]: I but aapl @ 18.00 sold last year 105
rko [16:08]: What was the number on ORCL?
Treacherous_Cretin [16:08]: if you know what you are doing, you can make a lot more with short term trade than you can buying and holding
rw [16:09]: TC Have you heard from Tradzer??
Andrew [16:09]: Wow, nice job Hemi. Hard to argue with those profits.
Treacherous_Cretin [16:09]: no
Treacherous_Cretin [16:09]: I sent him an email but he has not replied
rw [16:10]: No One has.....I hope he is ok - I think him and the Mrs. were not in best of health....Same here....I have sent him e mails
Treacherous_Cretin [16:10]: he may have finally got that boat and gone sailing
rw [16:10]: Yes - I hope they are ok.
madriver [16:10]: oracle topped forcasts
rw [16:11]: That should bring nas up tomorrow
madriver [16:12]: bp took it on the chin again today.....that one is up in the air. if a nice big storm hits the Gulf I think you can kiss BP goodbye
madriver [16:13]: I should say if a big storm hits
Andrew [16:13]: Is it true that one of their robots messed up the cap?
Treacherous_Cretin [16:13]: orcl never gives guidance until the conference call
Treacherous_Cretin [16:13]: that's where the fun starts
madriver [16:13]: orcle up about fifty cents right now
rw [16:14]: See you all tomorrow.
madriver [16:14]: i think one of the robots bumped the cap and screwed things up.
madriver [16:14]: it wasn't working for about 2 or 3 days I think
rko [16:15]: BP will go to the highest bidder
rko [16:19]: RIMM hit the high water mark... now watch it sell off -- go figure
madriver [16:21]: gotta believe aapl will do the same thing
Treacherous_Cretin [16:22]: bye bye rimm
Andrew [16:22]: short ORCL 22.86, paper trade
madriver [16:22]: orcl is up 2.75% right now
Treacherous_Cretin [16:23]: it never really moves much
Andrew [16:23]: If it doesn't have good guidance it might see some selling since it went up a bit already.
madriver [16:27]: where is apple
madriver [16:28]: how do you get an "analyst" job....I want one.....that has to be the best job
Andrew [16:30]: I think a lot of analysts got laid off in 2008-2009
madriver [16:30]: lol
Andrew [16:30]: Majoring in economics at a top university is a good start though
madriver [16:31]: my guess if you're not a good trader you become an analyst
Andrew [16:31]: yeah probably
Treacherous_Cretin [16:32]: never understood why anyone listens to them
madriver [16:33]: me neither but you can certainly play off the people that do
madriver [16:33]: someone at apple should wake up and report
Andrew [16:34]: added to ORCL short 23.20, paper trade
madriver [16:35]: I guess if you want ot refi or buy this is a good time
Andrew [16:35]: It's now up to the range where there has been a lot of selling recently
Treacherous_Cretin [16:36]: I don't think aapl reports today do they
Andrew [16:36]: They don't for a really long time
Treacherous_Cretin [16:36]: seems like they already did in april
Andrew [16:37]: HRB and ORCL are the 2 main ones this afternoon I think
madriver [16:38]: sorry I thought they were
kotarah [16:39]: AAPL WHEN THIS HITS THE PAPERS... 20 minutes ago Wow - when all these issues come to light tonight/tomorrow - I suspect a serious reversal coming.
- Faulty/pathetic antenna
- Yellow spots on the screen
- Poor quality/workmanship
A nice front page article in the Journal should be worth about 20 points or so to the downside.
Watch the momentum players start running with all these problems/issues. They're the guys responsible for the last 35 points to the upside.
What does all this mean? Joy for the shorts and a lot of misery(and defective phones) for the shareholders
madriver [16:42]: at&t might be a nice short
madriver [16:42]: if apple 4 sucks.....I've heard some rumor stuff that kotarah mentioned above
madriver [16:43]: jobs at it again.....giving us what he thinks we need
kotarah [16:43]: that is not me it was posted on Yahoo
madriver [16:44]: yeah....kotarah...I also just read on CNBC site
kotarah [16:44]: AALp target raised $355
madriver [16:44]: time will tell
madriver [16:44]: night all
kotarah [16:44]: definately not a plus
Andrew [16:44]: Well very few people have actually felt negative about AAPL to actually short it.
Treacherous_Cretin [16:50]: all that crap doesn't matter. All you can trade is the chart.
Treacherous_Cretin [16:50]: at least that is all I would trade
Andrew [16:51]: To me, its chart says, 'buy on any deep pullback you come across.'
Treacherous_Cretin [16:52]: yeah, but if the market really rolls over then aapl will be a short like everything else
Andrew [16:56]: Yeah, good point
Treacherous_Cretin [16:59]: be interesting to see how the fed's softened outlook gets factored into GDP tomoorw
Treacherous_Cretin [17:00]: stupid bernanke was revising gdp upwards for second half recently
Treacherous_Cretin [17:00]: now at least his track record is unblemished
Treacherous_Cretin [17:01]: 100% wrong
Treacherous_Cretin [17:07]: bye folks
rw [17:59]: TC what is the guy's name that used to enjoy hunting baby seals? I forgot...
Andrew [18:34]: out ORCL -0.3%
|
|
