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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: 07-26-10
[SYSTEM] [0:14]: Welcome to the StockVision Forum. We encourage you to post your questions, comments, and trades. Please be sure you always comply with our Forum Standards of Conduct www.garsworld.com/forumrules.htm. Thanks for being a part of our community.
moby [0:46]: Welcome trials
While the chat room can be beneficial the real work horse is the tutorial section. Begin by clicking tutorial tab or if you want a quick start go here and sign up for the free webinar http://www.omnovia.com/movies/co9372/55224 Study the trade setups and proceed by practicing with your paper account. Many here can help guide you through the site making your experience an enjoyable and profitable one. We were all beginners at one time and there’s no such thing as a stupid question at SV so don’t hesitate to ask. Enjoy your visit and we hope you become a regular part of the SV family
Don’t miss our latest webinar, "Trading In a bear market without shorting". Air time is Thursday July 29th at 8:pm eastern. Our last one was a sellout so don’t delay. Maximum capacity is 30. Go here for signup details http://www.garsworld.com/webinars.htm
JayBird [1:08]: There is plenty on the docket for next week. The number of companies reporting second quarter earnings will ratchet higher, but there are fewer big names, though the list includes the likes of BP (BP), Boeing (BA), Exxon Mobil (XOM), Sony (SNE) and Visa (V). Economic data/commentary will pick up later in the week with Durable Orders and the Fed Beige Book on Wednesday and the Advance reading for Q2 2010 GDP on Friday. Finally, the next round of Treasury auctions will take place in the middle of the week.
JayBird [4:46]: There is plenty on the docket for next week. The number of companies reporting second quarter earnings will ratchet higher, but there are fewer big names, though the list includes the likes of BP (BP), Boeing (BA), Exxon Mobil (XOM), Sony (SNE) and Visa (V). Economic data/commentary will pick up later in the week with Durable Orders and the Fed Beige Book on Wednesday and the Advance reading for Q2 2010 GDP on Friday. Finally, the next round of Treasury auctions will take place in the middle of the week.
nester [7:50]: NEW YORK (AP) -- Stock futures traded in a narrow range Monday as investors put a recent rally on pause and European markets reacted coolly to tests measuring the health of the continent's banking system.
European markets showed little movement as investors had their first chance to react to a series of tests to determine the health of the continent's big banks. Regulators said only seven of the 91 banks tested would struggle if the continent's economy and government debt problems worsened.
U.S. investors had a chance to react to the test results Friday afternoon and sent stocks higher on the results. Because they already had a chance to trade after the news, U.S. investors had little reason to make any big moves to start the week.
nester [7:51]: WASHINGTON (AP) -- Sales of new homes likely rose from record lows in June, but the market remains weak now that potential buyers can no longer get federal tax credits.
Economists surveyed by Thomson Reuters expect new-home sales grew by 6.7 percent from a month earlier to a seasonally adjusted annual rate of 320,000. May's sales pace of 300,000 was the slowest on records dating back to 1963.
The Commerce Department's report is scheduled for at 10 a.m. EDT Monday.
Federal tax credits of up to $8,000 had propped up the housing market this year. Buyers needed to have a signed sales contract by April 30 to qualify, but they have until September 30 to complete the purchase.
Since the credit expired, the number of people shopping for homes has plunged, and homebuilders have become discouraged.
nester [7:52]: SINGAPORE (AP) -- Oil prices hovered near $79 a barrel Monday in Asia as regional stock markets extended a rally from last week amid improving investor optimism.
Benchmark crude for September delivery was down 20 cents at $78.76 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 32 cents to settle at $78.98 on Friday.
Most Asian stock markets rose Monday, taking heart from a 3-percent rally in the Dow Jones industrial average over the final two trading sessions of last week. Oil traders often look to equities as a guidepost of overall investor sentiment.
nester [7:52]: LONDON (AP) -- European stock markets and the euro were steady Monday as investors weighed the results of the stress tests into 91 EU banks -- although the simulations gave a broadly positive view of the region's financial sector, some analysts question their rigor.
In Europe, the FTSE 100 index of leading British shares was down 1.82 point at 5,310.80 while Germany's DAX fell 6.40 points, or 0.1 percent, at 6,159.95. The CAC-40 in France was up 1.23 point at 3,608.28.
Wall Street was also poised for a fairly subdued opening -- Dow futures were down 0.3 percent at 10,356 while the broader Standard & Poor's 500 futures fell 0.1 percent to 1,099.20.
The main point of interest was how the markets would respond to the release of the stress test results, published after the markets closed last Friday.
nester [7:53]: WASHINGTON (AP) -- Treasury Secretary Tim Geithner says the economy is "gradually getting better" and "that's very encouraging."
This comes after Federal Reserve Chairman Ben Bernanke told Congress earlier this week that the outlook for the country is "unusually uncertain."
Geithner says he's seeing "private investment expand again, job growth starting to come back. And that's very encouraging."
The Treasury secretary also said private forecasters say the economy will strengthen "moderately" over the next 18 months. He says the general view from businesses around the country is that they're seeing "an economy that's gradually getting better."
The comments came in an interview to be aired Sunday on NBC News' "Meet the Press."
nester [7:54]: WASHINGTON (MarketWatch) -- Among the companies whose shares are expected to see active trade in Monday's session are Lorillard Inc., Cal-Maine Foods Inc. and Legg Mason Inc
jim [8:06]: morning Nester
jim [8:06]: test
nester [8:19]: morning jim - got meetings again all day. won't be here much
rw [8:32]: morning
rw [8:33]: test
jim [8:38]: test
Sandman [8:39]: Good morning guys, Stocks should be moving up because the combination of low inflation, low interest rates and rising earnings is the perfect recipe for driving stock prices higher.
jim [8:41]: test
Sandman [8:42]: Good morning guys, stocks should be going up because of the combination of low inflation,low interest rates and rising earnings is the perfect recipe for driving stock prices higher.
Sandman [8:43]: Mine isn't posting
Sandman [8:43]: test
Sandman [8:44]: test
jim [8:45]: Mine is not posting also, I have to shutdown and restart SV to see what was posted
lindo [8:58]: morning all
rw [8:58]: CHS ERIC for longs early also LO
rw [8:59]: test
Firedup [9:00]: same posting prob here. Time for the "Ask Gar" button
rw [9:00]: test
rw [9:00]: ddd
rw [9:00]: test
rw [9:01]: ss
Firedup [9:04]: test
madriver [9:05]: hello folks
madriver [9:06]: hello folks
jim [9:06]: test
madriver [9:06]: test
rw [9:07]: I did send a message to Mr. Moby about chat.
DJalecC [9:07]: morning all ;-)
madriver [9:07]: what
DJalecC [9:08]: test
DJalecC [9:08]: chat not workie!
DJalecC [9:10]: ah, chat not workie in NEW SV, but works in OLD SV ;-)
DJalecC [9:10]: nope, I give up!
fw [9:12]: goo mornin all
Firedup [9:12]: the bigger question is.......anything else updating (besides chat), like the gap down screen.
madriver [9:13]: yrdy
fw [9:13]: hello
Andrew [9:13]: Good morning
jim [9:14]: test
fw [9:15]: so whats new in this version?
fw [9:16]: chat not updating
fw [9:16]: logged of and test again
rw [9:16]: i will test a "velocity and force" meter - shows if you should buy or sell and the velocity of a stock will see how it works on fas faz it is a scottrade elite free deal
rw [9:17]: Not sure fw........I would think some of the Staff would be aware of this.
PA [9:18]: Good Morning all
rw [9:18]: dow futures are now up slightly
fw [9:18]: i m back to using old SV and its still working like a charm
Andrew [9:18]: There is a bug with the chat. I think your messages will post to the forum but you will not be able to see any updates to the chat unless you exit out and then re-open.
fw [9:18]: chat not updating in old sv too...
rw [9:18]: trdy
PA [9:18]: Good morning all
rw [9:19]: test
rw [9:19]: I am sure that MR. Moby or Mr. Carr will call Gar on this.
fw [9:19]: is the chat in old sv working right?
Andrew [9:20]: I think so
fw [9:20]: i m having to log off on old sv too
Andrew [9:20]: Yeah you're right fw. The old versions have the same problem. Thanks for helping debug the problem.
fw [9:21]: hello
rw [9:21]: I will probably buy UVV early ---it is a leaf seller and should go up with PM and LO
Andrew [9:21]: The way to fix it temporarily is to double click on "Suspend chat scrolling" and force the forum to update.
madriver [9:23]: h
Willie2 [9:24]: testing what is the new version 12.22 ??
fw [9:24]: howdy
lindo [9:25]: CHS cut to conviction sell from sell by goldman sachs
Andrew [9:25]: The "Ask Gar" button in the top left Willie2.
bfez [9:25]: Hello, everyone
lindo [9:25]: chs cut to conviction sell to sell by goldman sachs
Andrew [9:26]: Good morning bfez
jim [9:26]: test
fw [9:27]: i m double clicking the suspend chat updates and still no workie....
Andrew [9:28]: Hmm, test
Andrew [9:29]: The double clicking the suspend chat updates does work on the Mac version and forces the forum to update. I'm not sure about the PC version.
bfez [9:30]: Andrew, the double click on Suspend Chat Updates isn't working for me.
Andrew [9:30]: test 2
LEECO [9:31]: mornin-nester, JB,jim,Sandman-just downloaded the new SV -,morning rw,fired,madriver,fw,,
Andrew [9:31]: Mac or PC bfez?
Andrew [9:31]: Good morning Leeco.
Andrew [9:33]: short BIDU 79.75 (triple position)
Andrew [9:33]: long FAZ 14.29
ortrade [9:33]: FAZ 3000@14.3p
Andrew [9:34]: tripled up on FAZ 14.31
rw [9:34]: yrdy
bfez [9:35]: PC.
Andrew [9:35]: Maybe there will be some profit-taking this morning at these prices after the large run-up we've had the last couple of days. The bulls are now back in control in the short-term though so a test of the 200-day moving avg. in SPY is likely.
Mckoan [9:36]: Would anyone know the new features in the latest version of SV?
turbo911 [9:36]: Live chat not working on my PC.
Andrew [9:36]: added to FAZ 14.25
fw [9:37]: helllo
ortrade [9:37]: correction to 9..33p FAZ 3000s@14.3p
ortrade [9:37]: test
LEECO [9:38]: Can't post on my download of replacement SV on my dell
Mckoan [9:38]: Would anyone know what new features are in the latest version of SV?
ortrade [9:38]: on new version posts donot update. I need to close and reopen SV. weird.
fw [9:38]: still not working on mine too
Andrew [9:39]: Gar [20:56-USA] Note there is a new version of SV. Nothing fancy, except there is now a forum exclusively for trials, and also an "Ask Gar" button for everyone. When you click Ask Gar, if myself or one of my staff are available, one of us will respond to the private chat.
rw [9:41]: hf
Andrew [9:41]: out BIDU +1.5%
fw [9:42]: test
bfez [9:42]: Online with older version. PC. Not updating chat either.
ortrade [9:43]: test
bfez [9:43]: Although it did post right away. Somebody respond. Possible solution.
ortrade [9:44]: problem is not from SV version. Now on older version same problem.
rw [9:45]: test
Andrew [9:45]: test 3
bfez [9:46]: I agree same problem
Andrew [9:47]: back short BIDU 79.55 (triple position)
Andrew [9:47]: New Home Sales data comes out at 10:00am
Andrew [9:49]: added to FAZ 14.37
LEECO [9:49]: trial post @9:49
Andrew [9:53]: added to BIDU short 79.31
knight [9:54]: take profit TZA from 40,1 to 31,76 part 2 - easy profit again
rw [9:54]: chs looking good should go up another 2%
Andrew [9:55]: The forum not updating properly is a technical issue that Gar is currently working on fixing.
rw [9:55]: Our modertors should know of problem
jim [9:56]: test
knight [9:57]: good morning
karenbcz [9:59]: Andrew: seems the "new" download doesn't work. at least not for me
karenbcz [9:59]: .... test ...
Andrew [10:01]: added to FAZ 14.19
iswing64 [10:01]: L...F @ 12.87
Andrew [10:02]: out FAZ -1.1
Andrew [10:02]: -1.1%
Andrew [10:02]: New home sales data much better than expected. Though previous numberes were revised further down I believe.
Andrew [10:03]: back in FAZ 14.04
Gar [10:03]: Test
Andrew [10:05]: tripled up on FAZ 14.07
LEECO [10:06]: Morning GAR ,iswing, rw, nester, knight jim, JB Im rebooted and it seems OK saw your test GAR
Andrew [10:07]: added to FAZ 14.02
majour [10:09]: L ENTR 7.22
Andrew [10:09]: added to FAZ 13.99
Andrew [10:10]: The forum seems to be fixed now.
rw [10:10]: test
rw [10:10]: fine now working fine
lindo [10:11]: yep
Andrew [10:11]: added to FAZ 13.99
majour [10:11]: L NR 8.03
rw [10:11]: Please post trades and the screen where the trade started..........
LEECO [10:11]: test
iswing64 [10:11]: Out faz aug calls -50% option value.
Gar [10:11]: test post
Gar [10:12]: Folks, I apologize for the forum failure. It was on the server side, not the revised SV. It appears to be working now.
Andrew [10:12]: BIDU came from the morning gap up list
iswing64 [10:12]: Go F
rw [10:12]: Thanks Gar
Andrew [10:13]: With FAZ I've been trying to fade the up-moves since we've had a lot of selling up here on previous days as well as a lot of sideways movement instead of clean up-moves. It hasn't been working though.
Andrew [10:13]: out FAZ -0.6%
Gar [10:13]: The issue had nothing to do with the new version. It was an error on the server side. My fault.
fw [10:15]: is chat working now
fw [10:15]: awesome...
fw [10:16]: yes it is working
Gar [10:16]: Yes fw. Was not the new version, the forum problem was on the server side. I fixed it. Time to go back to sleep...lol.
fw [10:16]: L 2000s GLCH @ 2.17
knight [10:17]: take profit from TZA 40,3 to 30,41 part 2
Andrew [10:17]: back in FAZ 13.94 (triple position)
fw [10:18]: L JTX 5000s @ 1.08
fw [10:19]: L UMC 4000s @ 3.08
Andrew [10:20]: added to FAZ 13.90 (double position)
rw [10:21]: fw- what screen on stockvision are you using
ortrade [10:22]: Exit FAZ short +990$p
Andrew [10:22]: short ARNA 6.46 (triple position)
Andrew [10:22]: from Big Cheapy Action
rw [10:23]: Going to have a bowl of soup.
jim [10:23]: test
rw [10:23]: When chat was not working ---I was thinking that I had been disciplined again.......
Andrew [10:23]: ARNA is very strong today but has a lot of room for profit-taking and has been making lower highs
fw [10:23]: L bsx 1000s @ 5.96
jim [10:24]: L ZLC 1.70
madriver [10:25]: karen....don't think faz is going to 18 anytime soon
karenbcz [10:26]: No sh*t. i'm wayyyy under water.
madriver [10:26]: you have options right?
Andrew [10:26]: short HOV 4.63 (triple position)
Andrew [10:26]: also from Big Cheapy Action
karenbcz [10:26]: no i don't. when DOUG KASS called "new bull market" ... I knew I was screwed.
madriver [10:27]: oh....sorry...I thought you had options
karenbcz [10:27]: This looks like a repeat of last summer. So I'll just have to wait till September. :>(
fw [10:27]: L GLCH 2.21 1000s
Andrew [10:27]: It's still unclear which way we'll break. We haven't tested the 200-day moving avg. yet.
Andrew [10:27]: And then we could fail once again near June highs.
fw [10:29]: L BSX 500s
Andrew [10:29]: The bulls definitely have the momentum right now though.
madriver [10:30]: who knows but yeah you have to go with the trend IMO
rw [10:31]: Are any of the MODERATORS here?
madriver [10:31]: why rw?
Andrew [10:31]: rw I think the people to which you refer are mostly on vacation all this week.
Andrew [10:32]: added to ARNA short 6.50
rw [10:32]: wanted to tell them about appreciating their service here.....
madriver [10:33]: did you run today?
Andrew [10:33]: added to ARNA short 6.53
rw [10:34]: If you call a 12 minute mile running madriver.......
Andrew [10:34]: out BIDU +1.2%
Andrew [10:34]: out ARNA -1.1%
madriver [10:34]: hey you get out and that't good enough for me at your age....
rw [10:35]: Thanks - at my age it is a miracle to get out of bed
madriver [10:35]: I've only been able to hit 8:30 as of late....bad shape...
madriver [10:36]: and getting older
fw [10:36]: L GLCH 2.20 1000s
JayBird [10:36]: Interesting that SPY is tracking the euro. I watch live at this link http://www.netdania.com/Products/live-streaming-currency-exchange-rates/real-time-forex-charts/FinanceChart.aspx
rw [10:36]: I used to do 8:45 never did try to run extreemly fast My marthon times are all over five hours to the finish
Andrew [10:36]: added to HOV short 4.57
madriver [10:37]: have run alot of races over the years however never a marathon. Lots of international distance triathlons and half ironmans
rw [10:37]: i still do 10 mile endurance runs in pastures etc. like that.
ortrade [10:38]: nice morning jog prior trading, keeps head and soul clear..
fw [10:38]: man made a mistake ..had 4% profit on GLCH and didnt sell...now im at 1%..dumb..dumb..
madriver [10:38]: sounds good
madriver [10:39]: thx jb
Andrew [10:40]: back short BIDU 79.14 (triple position)
JayBird [10:41]: welcome....mad river
Andrew [10:42]: GLCH is still looking good, it's found buyers at the break-out point this morning (2.20).
Andrew [10:42]: It has a lot of room it could bounce too, but very weak daily chart.
Andrew [10:44]: short RDN 9.40 (triple position)
majour [10:48]: out NR 18.15 +1.6%
ortrade [10:49]: good work majour.
moby [10:51]: Welcome trials
While the chat room can be beneficial the real work horse is the tutorial section. Begin by clicking tutorial tab or if you want a quick start go here and sign up for the free webinar http://www.omnovia.com/movies/co9372/55224 Study the trade setups and proceed by practicing with your paper account. Many here can help guide you through the site making your experience an enjoyable and profitable one. We were all beginners at one time and there’s no such thing as a stupid question at SV so don’t hesitate to ask. Enjoy your visit and we hope you become a regular part of the SV family
Don’t miss our latest webinar, "Trading In a bear market without shorting". Air time is Thursday July 29th at 8:pm eastern. Our last one was a sellout so don’t delay. Maximum capacity is 30. Go here for signup details http://www.garsworld.com/webinars.htm
fw [10:51]: I may have to cut JTX of and take a small losss
fw [10:52]: ok GLCH moving back up ..i m aiming for 5% profit
fw [10:54]: GLCH could make it into the .40 range today...
majour [10:54]: thx ortrade
Andrew [10:56]: I'd probably try and sell some near 2.30 and then more near 2.45 or so.
ortrade [10:57]: Add FAZ 500s@13.9p
rw [10:57]: CIGX is up 10% no reason.........a good short I think......they lost 15 fcents a share last quarter
Andrew [10:59]: short CIGX 2.14 (double position)
rw [10:59]: Mr, Moby: Do you live in Utah or Idaho -------know of a mine in cordelane---(sp) silver mine. just wodering
rw [11:00]: wondering not wodering
Andrew [11:00]: out FAZ -0.48%, out RDN -0.23%, out BIDU -0.2%
fw [11:01]: ok JTX looks like its trying to make a move
Andrew [11:01]: added to CIGX short 2.13 (double position)
Andrew [11:02]: added to HOV short 4.60
madriver [11:03]: I thought Moby was from Canada?
madriver [11:04]: I thought like Calgary or Winnepeg....could be wrong
Andrew [11:06]: short BZH 4.27 (triple position)
moby [11:07]: hi river, yep Canada , Winnipeg
madriver [11:12]: we go higher
Andrew [11:12]: out HOV +1.8%
madriver [11:14]: bet we go higher
iswing64 [11:15]: LPX andrew? you like it here.
Andrew [11:16]: Looks like a good low-risk entry
iswing64 [11:16]: what i was thinkin
Andrew [11:16]: long LPX 8.20 (quadruple position)
Andrew [11:16]: Pretty easy to attempt size there too with a tight stop.
Andrew [11:17]: It has a ton of nice things going for it
iswing64 [11:17]: love the daily on that
iswing64 [11:17]: L LPX @ 8.20
Andrew [11:18]: added to CIGX short 2.16 (big size offer appeared at 2.17)
Andrew [11:19]: It would be nice if that 8.20 seller lifts though and it doesn't just stay in profit-taking mode.
fw [11:20]: L STM 1000s 8.18
iswing64 [11:21]: weekly potential on lpx too..
iswing64 [11:22]: fw... did you rob a bank over the weekend?
Andrew [11:23]: The volume today seems pretty bad but the trend has been pullbacks on less volume for a while and then quick burst higher on better volume.
Andrew [11:24]: added to CIGX short 2.16
Andrew [11:29]: out BZH no gain/loss
Andrew [11:31]: long ARNA 6.60 (triple position)
Andrew [11:31]: long KBH 12.21 (triple position)
Andrew [11:35]: Both are on Big Buy Volume and also Breakouts
Andrew [11:36]: long AIG 39.04 (triple position), also from Big Buy Volume and Breakouts
iswing64 [11:36]: L...FOE @ 9.21
iswing64 [11:38]: Man i missed some good trades being too faz happy..lol
Andrew [11:39]: Same thing happened to me on Thurs. and Fri.
Andrew [11:39]: I put myself on FAZ probation until 111.60 in SPY
iswing64 [11:39]: lol
LEECO [11:41]: Here is weird Option play FAS has risen about $ 1 but the Aug $21 calls have gone up over $ 1.25
Andrew [11:43]: FAZ is also definitely a go when XLF gets near 15.00.
rw [11:44]: MOBY: I fished in the big river there - then went by sea plane to lakes around canada - caught hundreds of fish that week - all catch and release except those we cooked at lunch and dinner ------wonderful trip going back again
Andrew [11:44]: added to LPX 8.20
Andrew [11:46]: added to AIG 39.33 (double position)
Andrew [11:48]: out KBH no gain/loss
ortrade [11:50]: Exit FAZ short +240$p
Andrew [11:50]: Nice one
ortrade [11:52]: 1.2k $p on FAZ short 2 trades today till now following Bear/Bull.
Andrew [11:52]: back short BIDU 79.91 (triple position)
Andrew [11:53]: based on the psychological level of 80.00 maybe being a profit-taking area after its big run-up.
Andrew [11:54]: out ARNA no gain/loss
knight [11:55]: take profit TZA from 40,2 to 30,2 on part 3 - easy profit in only one week again
Andrew [11:56]: added to BIDU short 79.83 (double position)
Andrew [11:57]: long FAZ 13.69 (double position)
iswing64 [11:59]: may have another good entry on F..60 min soon.
Andrew [11:59]: added to FAZ 13.71 (triple position)
Andrew [12:00]: out 1/3rd CIGX +2%
majour [12:01]: out half of ENTR 7.4 +2.5%
Andrew [12:03]: added back to CIGX short 2.15 (double position)
rw [12:05]: may have to hold cigx over andrew - but no doubt in my mind that it will go down.
Andrew [12:06]: I don't hold stuff over rw if I enter them intending as day trades.
Andrew [12:06]: More often than not if a day trade didn't work for you when you entered it, it won't work the next day and it's easier to get hurt switching time frames on losing trades.
ortrade [12:07]: FAZ 500s@13.66p
JayBird [12:07]: The euro has attracted additional support from currency traders amid word that credit analysts at Fitch said there are no immediate rating implications for banks that failed to pass the European stress tests. The euro now sports a 0.6% gain against the greenback. That puts the euro within reach of its two-month high of $1.303.
Strength in the euro has helped prop up the broader stock market, which has added incrementally to recent session highs.
rw [12:08]: same here andrew but cigx is a special case - they are a loser ---they have some kind of mint with low nitrosemines they lose each quarter.
Andrew [12:08]: Its chart though is wicked strong
rw [12:08]: MO long watcher
rw [12:09]: UVV already up 71cents today...it runs up and down every day on almost no volume
Andrew [12:09]: When you get into fundamentals you need to start thinking more in terms of trading over the course of weeks/months rather than hours or a couple of days.
rw [12:10]: true andrew and thanks but cigx is a special case ------it is a dog that for some reason went up to much today................
rw [12:11]: good comment on trading Andrew...thanks
Andrew [12:12]: That's true that CIGX's move today is highly suspect since lack of news. It might be short covering, and if so, then it could still go a ton higher today.
Andrew [12:13]: There was a gigantic buyer in CIGX who apparently did a sweep buy from 2.10 up to 2.16 (either that or there was a stupid retail buyer who did a huge market buy and the high frequency trading programs got him to pay up at 2.16 instead of 2.12).
rw [12:13]: here is one that i think will go to fifty in time UVV
Andrew [12:14]: 2.10 should say 2.12 there
rw [12:14]: told my inv manager to buy several thousand shares of uvv pays 4% ------not sure if he will we already have MO PM and he says that is enough tobacco stocks LOL
Firedup [12:14]: ARNA long @ 6.49
Andrew [12:15]: Yeah when holding long-term it's better to diversify.
rw [12:15]: andrew UVV usually goes down early afternoon and give back 30 cents or so
Andrew [12:15]: There are other non-tobacco stocks that have great dividends and are in diff. sectors, just my opinion.
ortrade [12:15]: Exit FAZ -22p
rw [12:16]: Firedup...I would watch ARNA I think it needs to overcome some obstacles before going up more big 13 minute red candle......JMO
Andrew [12:16]: The LPX seller lifted or was fully taken out (at least temporarily)
rw [12:16]: I have most andrew MO PFE KFT WMT and so on.
Firedup [12:17]: thanks rw, it feels a little risky
rw [12:17]: But: what do I know firedup probaby should not have said anything-------however please comment on any of my picks at any time....i appreciate it.
LEECO [12:18]: REF_LPXD-earnings whispers concensus is for +0.20 vs last -0.93
Andrew [12:19]: Being long ARNA earlier and watching it under-perform when the market was going up to highs I agree with rw's sentiment.
Andrew [12:19]: At the same time though 6.49 is a pretty good place to take a chance.
fw [12:19]: dont ever use zecco as your broker...they s*ck.....
fw [12:20]: i m so frustrated with them...gonna close zecco account down...
Andrew [12:20]: Did they do something bad today fw?
moby [12:22]: Welcome trials
While the chat room can be beneficial the real work horse is the tutorial section. Begin by clicking tutorial tab or if you want a quick start go here and sign up for the free webinar http://www.omnovia.com/movies/co9372/55224 Study the trade setups and proceed by practicing with your paper account. Many here can help guide you through the site making your experience an enjoyable and profitable one. We were all beginners at one time and there’s no such thing as a stupid question at SV so don’t hesitate to ask. Enjoy your visit and we hope you become a regular part of the SV family
Don’t miss our latest webinar, "Trading In a bear market without shorting". Air time is Thursday July 29th at 8:pm eastern. Our last one was a sellout so don’t delay. Maximum capacity is 30. Go here for signup details http://www.garsworld.com/webinars.htm
Andrew [12:23]: out CIGX -1.1%
madriver [12:23]: yeah ...they wouldn't let him buy TSLA
Andrew [12:23]: long CIGX 2.18 (triple position)
madriver [12:23]: jk
Andrew [12:23]: added to CIGX 2.19 (double position)
rw [12:25]: feel bad about cigx andrew
Andrew [12:26]: Just a small loss rw since I covered a portion at 2.10 earlier
rw [12:26]: good
Andrew [12:26]: I 100% agree that there was favorable risk-reward to attempt to short it near where you mentioned it.
Andrew [12:28]: added to CIGX 2.20
rw [12:28]: i do not short much andrew
fw [12:28]: they messed up some of my trades and i lost close to $500 due to their errors
Andrew [12:28]: CIGX is now on my radar as a potential short squeeze for much of today
rw [12:29]: sorry FW - that is unforgiveable
fw [12:29]: no s*hit
fw [12:29]: i m so pissed
Andrew [12:29]: Wow, that's terrible. Definitely take your business elsewhere.
fw [12:29]: and talking to manager to correct his now..or i wwill close out the account today
fw [12:29]: but they are offering me 10 free trades..
iswing64 [12:30]: sorry to hear that fw..yikes
fw [12:30]: i told them like if you give me 100 free trades mabe that would be even
Andrew [12:30]: Isn't that only like $50 value compared to $500?
Andrew [12:30]: Yeah
fw [12:30]: yea...thats why i said 100 trades would make up my loss
fw [12:32]: their trading platform really s*cks..
fw [12:32]: doesnt auto update balances when a trade is made..
Andrew [12:32]: Yeah, not too good at all.
fw [12:33]: is worse than not to good at all...
Andrew [12:34]: Zecco to me has always just seemed like a more expensive version of Sogotrade or Just2Trade.
fw [12:34]: yea..i m gonna go back to IB...they are so much more advanced then anyone..even thought they cost a little more...
Andrew [12:34]: out AIG tiny gain
Andrew [12:35]: out LPX tiny gain
Andrew [12:35]: I'm not really liking the market today since the early morning.
fw [12:36]: guys RZ took a dive few mins back and seems to be pulling back up..
fw [12:36]: i made a huge gain in GLCH and could not get it sold..
fw [12:36]: and now im at a 1% loss
Andrew [12:36]: I would steer clear of RZ, 0.40 stock in a horrible downtrend in almost every time frame
Andrew [12:40]: short MTL 23.00 (triple position)
fw [12:42]: GLCH getting ready to pull up
Andrew [12:43]: short S 4.98 (triple position)
fw [12:44]: wow
Andrew [12:44]: out CIGX -0.3%
fw [12:44]: S mad huge move this moring..i missed it
fw [12:45]: I dont know andrew it may have a breakout today or tomm..
Andrew [12:45]: Not liking how the momentum in CIGX vanished
Andrew [12:45]: Yeah I agree. I just figured shorting near 5.00 had decent risk-reward since might be a profit-taking level for all those who bought down near 4.00 (20% gain).
fw [12:46]: actually it wiill probebeley pull back down to 4.75
Andrew [12:46]: Shorting today's market is dangerous though.
Andrew [12:47]: The S&P is finally pretty near the 200-day moving avg. though.
Andrew [12:49]: added to S short 4.97 (double position), added to MTL short 23.02 (double position)
Andrew [12:51]: added to BIDU short 80.07
iswing64 [12:52]: NXTM may breakout again 10 min...not on s/v?
Andrew [12:53]: Right, its volume is too low
Andrew [12:53]: Some days it barely trades 100,000 shares
Andrew [12:54]: out FAZ +1%
Andrew [12:55]: long FAS 22.69 (triple position)
fw [12:55]: faz looks like its pullling up nicely
ortrade [12:55]: FAZ 500s@13.81$p
iswing64 [12:55]: Huge move though..
fw [12:57]: actually faz looks like it s going to have a nice L day
Andrew [12:57]: added to FAS 22.72 (double position)
Andrew [12:58]: added to MTL short 23.08
Andrew [12:59]: out BIDU -0.36%
ortrade [13:01]: Add to FAZ 500s@13.76$p
fw [13:01]: stm pulling up
Andrew [13:03]: short ODP 4.70 (triple position)
Andrew [13:05]: short NXTM 17.20 (triple position)
Andrew [13:06]: out FAS tiny gain
Andrew [13:07]: back in FAZ 13.76 (triple position)
iswing64 [13:07]: nice gains on lpx andrew..thanks for posting that the other day.
Andrew [13:08]: Nice call on LPX iswing. I got a little too impatient on it.
Andrew [13:08]: Yeah it was having some interesting movement the end of last week.
iswing64 [13:09]: Gonna hang with it for a longer term trade....i think..lol
Andrew [13:09]: added to ODP short 4.71 (double position)
ortrade [13:10]: Exit FAZ no gain/loss
madriver [13:14]: iswing64...talking it up today?
iswing64 [13:15]: lol...mad no PAP on your case today...what gives you sleeping/
madriver [13:16]: no PAP.....just kinda tired....
majour [13:18]: out 2nd half of ENTR 7.51 +4%
iswing64 [13:19]: Rough weekend..or the kids?
iswing64 [13:19]: Good job majour!
moby [13:19]: Welcome trials
While the chat room can be beneficial the real work horse is the tutorial section. Begin by clicking tutorial tab or if you want a quick start go here and sign up for the free webinar http://www.omnovia.com/movies/co9372/55224 Study the trade setups and proceed by practicing with your paper account. Many here can help guide you through the site making your experience an enjoyable and profitable one. We were all beginners at one time and there’s no such thing as a stupid question at SV so don’t hesitate to ask. Enjoy your visit and we hope you become a regular part of the SV family
Don’t miss our latest webinar, "Trading In a bear market without shorting". Air time is Thursday July 29th at 8:pm eastern. Our last one was a sellout so don’t delay. Maximum capacity is 30. Go here for signup details http://www.garsworld.com/webinars.htm
majour [13:20]: thx iswing64
madriver [13:20]: went to the amusement park..hot as all get out......just alot of running around this weekend!!! you have kids?
carr [13:21]: Good afternoon all
iswing64 [13:21]: yes 2 boy and girl 21,19 still at home!
majour [13:21]: G A carr
iswing64 [13:22]: hey carr...how ya been
madriver [13:22]: teach them to trade then send them on their way!!!
iswing64 [13:23]: lol...they don't retain much after 5min.
carr [13:24]: Been fine Swing, just missed posting for a week.
madriver [13:24]: what did you miss about it carr?
iswing64 [13:25]: oh..carr how did your crur trades work out?
carr [13:25]: talking to friends and family
iswing64 [13:25]: crus i mean
carr [13:25]: I did well on CRUS Swing, and thank you for alerting me to it.
madriver [13:26]: probably missed me the mostest!
carr [13:26]: Mad how could anyone not miss you
madriver [13:26]: don't answer that
carr [13:26]: LOL
iswing64 [13:27]: otrade changed his handle to rudedude..lol
iswing64 [13:27]: on the PAP hit list
madriver [13:27]: I didn't hear the dude part before but how about just dude...
carr [13:28]: dude is good rude is ok but rudedude is too long we have to short him
iswing64 [13:28]: lol...jk mad
iswing64 [13:29]: rd
madriver [13:29]: no offense taken
carr [13:29]: Or her one can never make assumptions
Andrew [13:29]: added to NXTM short 17.23
ortrade [13:29]: swing and mad when I hear you talk I feel like I am in the Greek mythology times facing the gorgona medusa all heads cut only 2 left..
carr [13:30]: Ortrade, they will grow back
Andrew [13:30]: lol
iswing64 [13:31]: lol..barbarions
madriver [13:31]: iswing is a gentleman in here...
ortrade [13:31]: I know carr I cannot even express the disgust I feel not toward what they say but by the fact that if they dont say that they will experience what they truly are and that will kill them..
iswing64 [13:32]: Better than the pinky in the air talk ortrade..
madriver [13:32]: ortrade...what are you talking about
ortrade [13:32]: about you.
madriver [13:32]: goofy
iswing64 [13:33]: uh oh...hal alert!
Andrew [13:33]: added to FAZ 13.71 (double position)
Andrew [13:33]: HAL might be a good short here, not sure
carr [13:33]: Be nice folks
iswing64 [13:34]: lol
Andrew [13:34]: It hasn't shown much momentum above 30.25
iswing64 [13:34]: all in fun carr
rw [13:34]: Yes Sir.. Mr. Carr: Hope you have a good day.
carr [13:34]: RW I did miss you.
rw [13:35]: Thanks Mr. Carr- Appreciate that...
carr [13:35]: Please no Mr. I am just me
madriver [13:36]: you can call me mr
madriver [13:37]: mr=madriver....might change to that
madriver [13:38]: it's a huge decision!!!
rw [13:38]: Will Do Carr.
HAL 2010 [13:38]: I AM NOT CARR.
madriver [13:39]: moby
madriver [13:40]: I don't think we care who you are.....
madriver [13:40]: atleast I don't
madriver [13:40]: Picker or Moby is my guess. What happened to Picker....here then gone?
iswing64 [13:41]: I should have let you sleep mad..
carr [13:41]: I think Pick is on vacation
madriver [13:42]: haven't seen him for awhile!
carr [13:42]: I think Moby is too
madriver [13:42]: Andrew...are you taking a vacation?
Andrew [13:43]: There's been a ton of intraday sideways periods the last few days. There are still sellers around. They are just extremely passive.
madriver [13:43]: I can't wait for ortrade to take a vacation!
Andrew [13:43]: Yes, but not right now
Andrew [13:43]: I'm actually going to be going back to part-time trading in about a month.
madriver [13:44]: oh really....did you take a job?
Andrew [13:44]: Graduate school
madriver [13:44]: in?
Andrew [13:44]: I'm going to be getting an advanced legal degree in financial law
ortrade [13:44]: From now on I will be blocking madriver. His comments has no relation to trading whatsoever and his insults really start affecting my performance.
Andrew [13:45]: Should be an exciting area with the new financial regulations
madriver [13:45]: sounds good
iswing64 [13:45]: thats great andrew!
madriver [13:45]: thanks ortrade....trading paper anyway
iswing64 [13:46]: ortrade i know mad likes you
Andrew [13:46]: thx
Andrew [13:47]: out S +1%
Andrew [13:47]: I'm just scalping shorts today
iswing64 [13:47]: i mean rd likes you
rw [13:48]: in MO 22.05......Long
madriver [13:49]: I think the saying "goes if everyone likes you you have no REAL friends"
Firedup [13:52]: Out of ARNA @ 6.57 +1.23%
Andrew [13:52]: Nice job fireplug
rw [13:52]: good trade firedup what did i know...but chart looked bad
Firedup [13:54]: Thanks, traded it twice today for a total of 2.83%
Andrew [13:54]: short ARNA 6.55 (triple position)
Firedup [13:55]: cya tomorrow, good luck Andrew
rw [13:55]: you have done far better than I firedup
Andrew [13:55]: added to ARNA short 6.51 (double position)
rw [13:55]: madriver ----I like you....
kojan [13:56]: I find the inability to move the cursor to move about on the forum screen a serious problem. No matter what you do, the cursor wants to drop to the bottom of the screen a majority of the time
rw [13:57]: kojan: If you want to read early chat updates click "suspend chat updates" the cursor or screen will then do what you want.........
Andrew [13:57]: Your cursor gets stuck kojan? That's not supposed to happen.
Andrew [13:57]: Does it do that in other programs too?
rw [13:58]: i think he is trying to read early chat...you have to suspend updates or it moves down unless is soething else
Andrew [13:58]: Oh I thought he was saying that the actual arrow cursor on the screen is gravitating down.
kojan [13:59]: IT DOES NOT OCCUR WITH ANY OTHER SCREENSTHAT iAM AWARE OF AT THIS TIME.
rw [13:59]: "suspend chat update" that whill allow you to move chat where you want it........ for early posts
Andrew [13:59]: If you want to pause the chat from auto scrolling down to the bottom, all you need to do is click the checkbox "Suspend chat scrolling"
kojan [14:00]: yes ANDREW, IT DOES GRAVITATE DOWN IN ONE QUICK DROP.
kojan [14:01]: thank you for the help, it is ppreciated.
Andrew [14:02]: out ODP -0.34%
Andrew [14:03]: Did the "Suspend chat scrolling" fix the issue?
Andrew [14:03]: added to FAZ 13.68
moby [14:04]: Welcome trials
While the chat room can be beneficial the real work horse is the tutorial section. Begin by clicking tutorial tab or if you want a quick start go here and sign up for the free webinar http://www.omnovia.com/movies/co9372/55224 Study the trade setups and proceed by practicing with your paper account. Many here can help guide you through the site making your experience an enjoyable and profitable one. We were all beginners at one time and there’s no such thing as a stupid question at SV so don’t hesitate to ask. Enjoy your visit and we hope you become a regular part of the SV family
Don’t miss our latest webinar, "Trading In a bear market without shorting". Air time is Thursday July 29th at 8:pm eastern. Our last one was a sellout so don’t delay. Maximum capacity is 30. Go here for signup details http://www.garsworld.com/webinars.htm
Andrew [14:06]: back short CIGX 2.12 (triple position)
rw [14:07]: another good call i made on Cigx....hate to brag tho
Andrew [14:08]: It's all about where you enter and place your stop. You would have had to sit through more than a 3% loss in CIGX before getting back in the green.
Andrew [14:09]: I made the mistake of not pulling the trigger short again at 2.18 after the buying momentum completely vanished above 2.20.
rw [14:10]: enough said LOL LOL
Andrew [14:12]: out NXTM tiny loss
Andrew [14:14]: The market volume today's been very horrible for most of the day.
madriver [14:16]: blago guilty....what a surprise!
Andrew [14:17]: added to CIGX short 2.11 (double position)
Andrew [14:19]: out ARNA +1%
ortrade [14:24]: wow
Andrew [14:25]: A repeat of Thursday and Friday... zombie market hovering near highs for a while on weak volume without any momentum higher draws out the sellers in the afternoon and there is profit-taking.
Andrew [14:26]: Let's see if we bounce pretty quickly like on Friday as well.
iswing64 [14:26]: Anyone interested in F weekly.. p-sar long +dmi over -dmi and adx.
ortrade [14:27]: FAZ 500s@13.79p
madriver [14:28]: sure ..can you post
jim [14:29]: out ZLC from this morning 1.76 +3%
turbo911 [14:30]: Anyone? .... what is your read on NLST?
Andrew [14:30]: added to CIGX short 2.14 (triple position)
Andrew [14:31]: My guess is NLST is done for the day
Andrew [14:31]: I would be careful buying anything other than a deep pullback.
Andrew [14:31]: Might have good risk-reward near 3.15
Andrew [14:32]: out 1/3rd FAZ +1.1%
turbo911 [14:33]: I'll take that advice. I've been in and out of this since early June in the $1.90 - $2.80 range. It has been acting weird over the past few days. Perhaps manipulation? I'll wait for it to come back down as you suggested. Thx.
Andrew [14:34]: If I see it back in the 3.30s today I think it might be a day trade short.
Andrew [14:36]: It might kind of be a short squeeze.
Andrew [14:36]: Its daily chart does look like there's a high chance of manipulation though.
Andrew [14:37]: added back to FAZ 13.86
iswing64 [14:38]: FAZ @ 13.89
Andrew [14:38]: out 1/5th FAZ +1.2%
madriver [14:39]: some profit taking
rw [14:40]: madriver ---are you ok ....
madriver [14:42]: why?
Andrew [14:42]: Yeah looks like just light profit-taking before the top of the hour. It's on pretty low volume.
rw [14:42]: you have been very quiet today...
Andrew [14:43]: out MTL tiny gain, there are apparently strong buyers below waiting to pounce on any weakness
ortrade [14:43]: Add to FAZ 500s@13.87p
Andrew [14:43]: added back to FAZ 13.88
madriver [14:43]: rw.....long weekend full of activities....kind of tired today!
rw [14:44]: ok - understand.
Andrew [14:45]: What Works is very interesting (and kind of surprising)
Andrew [14:46]: back short S 5.00 (triple position)
madriver [14:47]: mixed bag...would indicate more selling!
rw [14:47]: it is andrew - now top four "what works" are red
Andrew [14:47]: Yes and Overbought is really strong
Andrew [14:47]: we might have some more downside this afternoon if all the bull screens haven't been working too well overall
Andrew [14:48]: added to S short 5.00 (double position)
ortrade [14:50]: Exit half faz -40p
jim [14:51]: L HAUP 2.08
Andrew [14:51]: added to S short 5.03
Andrew [14:53]: out half CIGX +1.2%
Andrew [14:54]: out 1/5th FAZ +1%
Andrew [15:13]: added back to FAZ 13.80
madriver [15:13]: look where overbought is now
Andrew [15:13]: Stuff is all over the place today.
Andrew [15:14]: Pretty annoying market to day trade today except for the opening 45 minutes or so.
Andrew [15:15]: back short ARNA 6.47 (triple position)
Andrew [15:17]: added back to CIGX short 2.11, added to ARNA short 6.45 (double position)
ortrade [15:18]: till now market did exactly what I thought it would. There were some minor cost in overshooting the reversal point at 2.35pm on SP 500 but those were negligible compare to the gains.
iswing64 [15:22]: Out faz tiny loss
ortrade [15:22]: First 45 min were big gainer if you took long trades. 10.45 to 11.50 was also very tradable yet 30% of what I made during that period till now I gave back.
Andrew [15:23]: added to ARNA short 6.50, added to CIGX short 2.14
Andrew [15:25]: added to FAZ 13.78
Sandman [15:26]: 7/13/10 was FAZ's last low at 13.74.
Andrew [15:27]: That was the last time the financials reached their 200-day moving avg. Sandman.
Gar [15:30]: I see yet another super low volume rally...
Andrew [15:31]: added to FAZ 13.75(double position)
Andrew [15:32]: Yeah this is a lot worse volume today than Thursday and Friday.
Sandman [15:33]: Gar Hi, I read that the combination of low inflation, low interest rates and rising earnings is the perfect recipe for driving stock prices higher. Is that true?
ortrade [15:34]: Exit FAZ short +40$p
nick14 [15:35]: Whats up with the Dow Feed its seems to be slow in keeping up with the market Gar? and is the S&P feed dead now?
Andrew [15:38]: added to CIGX short 2.15 (double position)
Gar [15:39]: nick I honestly don't know what you are seeing. There WAS a problem about an hour or so ago, but right now I don't see much of a lag.
nick14 [15:42]: the S&P?
Andrew [15:42]: out CIGX -1.35%
Gar [15:43]: The S&P has always had issues with our datafeed. It is not exact, and I have never solved that.
nick14 [15:43]: OK Gar, Thanks!!
Andrew [15:44]: back short all my CIGX 2.15
Andrew [15:44]: out ARNA +1.4%
Gar [15:45]: The Dow and NAS should be very accurate, however. And admittedly, the data did lock up earlier today a couple of times. All is running smoothly now, however.
Andrew [15:46]: added to FAZ 13.69 (double position)
Gar [15:46]: The What Works list flipped red earlier, and now they flipped back to green. How are we suppose to trade a market like that?
Andrew [15:46]: out S tiny loss
LEECO [15:47]: Andrew LPX stalled-
Andrew [15:47]: Wow, now Breakouts strong #1. It's been changing all day entirely differently.
ortrade [15:48]: while I belive most likely FAZ will go down into the close is not confirmed by technicals either way so I abstain.
Andrew [15:48]: out half FAZ -1%
Andrew [15:49]: added back the half FAZ 13.64
Andy [15:49]: should I hold BP overnight?
Andy [15:49]: thoughts?
Gar [15:50]: Man it's the volume (lack of) that has constantly bothered me about these rallies. Defies everything I know. Low volume rallies are not good indicators. Yet, this persists, day after day. And even SV buys into it (super green bear/bull meter).
Andrew [15:51]: The VIX is back to the low 20s (below 23 now), so I guess that's probably bullish.
Andrew [15:52]: BP's looking pretty good. Where did you enter?
Andy [15:52]: 36.76
rw [15:52]: I would not hold bp over night.......Earnings come out after close I think - no telling what it could or would do......
ortrade [15:52]: I find any attempt to short when Bear/Bull and trend indicators concur on green likely lead to beg losses.
Andy [15:52]: they report earnings tonight
Andy [15:53]: I know rw, it's a gamble for sure
rw [15:53]: it is a gamble.
Andrew [15:53]: If they report earnings tonight I would definitely not hold then (or only hold enough to play just with your profits from the trade).
Gar [15:53]: ortrade, I know that is true. I tried shorting for the last few days in the papertrade and I have been massacred.
Andy [15:53]: yeah, you guys are probably right
Andrew [15:54]: BP earnings call could be totally crazy
moby [15:54]: Welcome trials
While the chat room can be beneficial the real work horse is the tutorial section. Begin by clicking tutorial tab or if you want a quick start go here and sign up for the free webinar http://www.omnovia.com/movies/co9372/55224 Study the trade setups and proceed by practicing with your paper account. Many here can help guide you through the site making your experience an enjoyable and profitable one. We were all beginners at one time and there’s no such thing as a stupid question at SV so don’t hesitate to ask. Enjoy your visit and we hope you become a regular part of the SV family
Don’t miss our latest webinar, "Trading In a bear market without shorting". Air time is Thursday July 29th at 8:pm eastern. Our last one was a sellout so don’t delay. Maximum capacity is 30. Go here for signup details http://www.garsworld.com/webinars.htm
Andy [15:55]: yes, I think it's known that their earnings will not be positive, just not sure how the market will react
Andrew [15:55]: added to FAZ 13.64 (triple position)
Andrew [15:56]: out CIGX +0.93%
Mckoan [15:56]: The market must be pleased that the middle class is loosing their homes, jobs, and basically vanishing off the face of the earth.
Andrew [15:57]: out FAZ -0.63%
iswing64 [15:58]: I don't get it either Mckoan
Andrew [15:59]: People looking forward must see some brighter things or think other countries will pull us up.
fw [16:00]: well that was a preety decent day..
fw [16:01]: got to go..see yall later...
iswing64 [16:01]: bye fw
ortrade [16:01]: after all considerations and complexity, all the market is a scooper of the $$ that come in. It evaluates the imbalance and takes the price in the direction that will bring it back to 50/50.
ortrade [16:03]: decent day for me too. The goal is to keep it that day for the rest of the week. Have a good afternoon.
Andrew [16:04]: Bad day for me - was on the wrong side of the 2 biggest moves today.
Gar [16:05]: Mckoan, I have been dumfounded by this. But it is beginning to remind of me early 2008. Seemed we drifted higher and higher and higher and on no solid news. Oddly, that was right before the mega crash.
iswing64 [16:05]: If anyone cares to backtest..there is a p-sar long today on DOW weekly.
Andrew [16:07]: I'm hoping for an enormous gap up tomorrow morning to finally draw out more profit-takers.
iswing64 [16:08]: Have a good day all.
rw [16:22]: down aboout $75.00 on MO trade but holding over - they usually work out in at 22.05 mo now 21.99
Andrew [16:23]: Looks like a pretty safe type of stock to hold over
Andrew [16:33]: I actually wound up doing better than I thought since I had enough medium-sized winners to more than make up for my losing trades even though I didn't have any big winners today.
fw [17:58]: hey whats the best way keep track of your profits and losses per trade and commisions etc..?
Andrew [18:12]: A basic spreadsheet normally works well.
Andrew [18:13]: Symbol, long/short, date/time of entry, entry price, date/time of exit, exit price, profit/loss, commissions, net result.
fw [18:14]: kool thx
fw [18:14]: hey also whats new in the new sv
Andrew [18:15]: The main change in the new "Ask Gar" button in the top left that initiates a private chat with Gar (or if he's not available, a staff member/mentor person).
Andrew [18:15]: *is the new
fw [18:16]: oh ok
Andrew [18:17]: There's also a great new Powerscan version in the works that will be extremely customizable.
porti [18:18]: @andrew what would you think about "aone" i didnt sell today, and now it keeps me awake... in 10.80, where should i place my stop loss?
porti [18:19]: where would you consider of leaving it, when it doesnt gap more up, would you sit it out?
Andrew [18:19]: I'll take a look at the charts in different time frame frames... AONE can be a tricky one. It's gotten hammered this year.
Andrew [18:20]: What time of day did you buy it?
porti [18:20]: ok, will do that...looking up now
porti [18:22]: at about 02:00 your time
porti [18:23]: really stupid of me...i saw it in the hot stocks tab, decent volume good rating etc
Andrew [18:25]: The main places I'd place stops would be either 10.56 or 10.48 or 10.33 or 10.14 or 9.93 depending on how much you want your max loss to be (in case you bought the top).
Andrew [18:26]: Short-term upside potential looks to be maybe 11.30ish if it can get above 11.00 and stay up there.
porti [18:26]: Great, thats a big help. I quess it was the top, but i dont hope for it... will write that down
porti [18:27]: i will go for 10.33
Andrew [18:28]: I like that one.
Andrew [18:29]: If you get a nice gap up in it tomrrow though you might want to consider selling some and then buying it back again lower (or once it appears stronger again).
porti [18:29]: thanks, will do so and see tommorow how things work out
Andrew [18:30]: There is a potential for a continued short squeeze in it if the market holds up tomorrow.
porti [18:31]: thats a good idea, will have to see, but i am sure the market will give up their gains sometime this week and i hope its not tommorow.
porti [18:32]: Well, thanks for youre opinion, c u tommorow. Good night all, half past 12 here.....
Andrew [18:32]: You're welcome. Good night.
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