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The Power of 2% Chat Transcripts


03/17/06 Chat Session

Ken-ST Moderator: [b]Good Morning[/b] [b]rufus, jx, James[/b]

James-ST Moderator: gm all

JR is that you Cale JX?

JX Hello JR

James-ST Moderator: Ah, lol

JX Good Morning James  [img id=em-10]

JR morning JX, and James, leader of the J people

James-ST Moderator: gm J's

JX its J Friday

JR and I am a proud Irish las as well, so Happy St Patties Day!

victor02 has entered DayTrading Chat

Sean Im Irish, but Im not proud!

JX We need a green Smiley

Sean dirty drunk

Sean :p

JX Be Proud Sean be Proud!!

Sean I'll try

Sean haha

julie has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]julie[/b]

Ken-ST Moderator: lol sean

limey has entered DayTrading Chat

Clyde-Harmon Trading has entered DayTrading Chat

julie hey ken

Clyde-Harmon Trading gm everyone

James-ST Moderator: gm clyde, limey, julie

Ken-ST Moderator: [b]Good Morning[/b] [b]limey, Clyde[/b]

JX GM Clyde

julie RMBS

julie ORCC

Ceon has entered DayTrading Chat

JX Shorted RMBS at 34.35

Pat has entered DayTrading Chat

JR nice

Pat Good Morning All

Ken-ST Moderator: [b]Good Morning[/b] [b]Ceon, Pat[/b]

Ceon gm all

JR JX, what was your thinking behind RMBS short

JX Just a quick Scalp

JR seems that stocks often come down after first trade, but I haven't played it

JX I use a Rainbow Stoch Chart and all the lines were topped out

JX I am just got out at 33.91

JX SNDK is on an up triend atm

dtrader has entered DayTrading Chat

JX trend

julie BRCD and ABXA for those us of who play cheapies

JX the triend is your friend

James-ST Moderator: gm dtrader, ceon, pat

am BRCD...Cramer right?

Ceon gm

doc has entered DayTrading Chat

JX S&P futures +0.1 vs fair value. 10-year note (1/32) to yield 4.65%. Apr WTI $63.42 ($0.16). Trading higher: CBRL +2.20 (announces strategic initiatives), RMBS +1.48 (IBM signs license agreement), UVN +1.24, ERICY +1.00, DHI +0.82 and PHM +0.55 (WLS sympathy), BRCD +0.52 (Cramer), PWAV +0.48 (Cramer), COR +0.32 (BusinessWeek), IKAN +0.28, VOD +0.26 (WSJ reports VOD to sell Japanese unit to Softbank), CSCO +0.24 (MS raises target). Trading lower: ABXA -1.86 (earnings), MRGE -1.47 (delays 10-K), PTEN -1.44 (restates, cites embezzlement by ex-CFO), TIE -1.16 (earnings, 10-K delay), GM -0.97 (guidance, 10-K delay), AIG -0.67 (earnings), UTSI -0.49 (10-K delay), NFLD -0.49 (SEC request), SVI -0.34, EDMC -0.24 (BofA downgrade), CRAY -0.24 (preliminary results, 10-K delay), TRMM -0.22 (10-K delay), FNSR -0.19 (registers shares for holders).

doc gm ken james gang

JX GM Doc

JR hey doc

Ken-ST Moderator: [b]Good Morning[/b] [b]doc[/b]

kelly has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]dtrader[/b]

Ken-ST Moderator: [b]Good Morning[/b] [b]kelly[/b]

jg has entered DayTrading Chat

Birddog has entered DayTrading Chat

kelly gm y'all

James-ST Moderator: gm birddog, jh, kelly, dox

Ken-ST Moderator: [b]Good Morning[/b] [b]jg, Birddog[/b]

jg good morning everybody! happy friday

Birddog Gm

JX Happy Friday to you jg, and Happy St. Patties Day

JX Top of the Morning to ya

jack22 has entered DayTrading Chat

jack22 gm all

jg hey...its the new J  and happy st. patty's to you too...!!!

dale has left the room

Ken-ST Moderator: wow, the U.S. is accusing N. Korea of bringing in high quality couterfiet money

am doing it for years

dale has entered DayTrading Chat

JP has entered DayTrading Chat

dale Hey Ken whats up w/ PTEN

JP GM

James-ST Moderator: gm jp, dale, jack22

dale GM

Ken-ST Moderator: [b]Good Morning[/b] [b]jack, dale, JP[/b]

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jrs GM All

Ken-ST Moderator: [b]Good Morning[/b] [b]guru, snp, jrs[/b]

guru gm all

furio has entered DayTrading Chat

JR PTEN news, audit committee completed investigation into embezzlement, filing of restated 04 earnings

JX GM Guru

guru gm JX

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J-Cale has entered DayTrading Chat

JP NSTK?

Ken-ST Moderator: ok we will put that on watch

kelly has logged out

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gd has entered DayTrading Chat

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gd gm all

Ken-ST Moderator: [b]Good Morning[/b] [b]victor, gd, evan[/b]

James-ST Moderator: gm gd, victor, evan, furio, jrs, snp, gury

James-ST Moderator: guru

evan gm everyone

J-Cale Good Morning Evan

J-Cale Good Morning gd

shawnt has entered DayTrading Chat

James-ST Moderator: gm shawnt

steveg has entered DayTrading Chat

J-Cale Its Crazy  [img id=em-0] Friday

steveg mornin'

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jeff has entered DayTrading Chat

gd gm crazy cale

jeff gm

dale PTEN INFO ISWRONG

Ken-ST Moderator: [b]Good Morning[/b] [b]Steveg, gkent, jeff,[/b]

James-ST Moderator: gm jeff, gkent, shawnt

jy has entered DayTrading Chat

Ken-ST Moderator: whats wrong with the info?

Ken-ST Moderator: [b]Good Morning[/b] [b]jy[/b]

jy gm

dale MY prints are showing a gain not a loss

Ken-ST Moderator: me too

JP Isn't MRGE headed for support at the $16 area?

Ken-ST Moderator: its up

Ken-ST Moderator: .66

Birddog I guess I have to change my log in name to J-Bird

Ken-ST Moderator: yeah JP we watching to see....like LEAP if it goes to a good area to trade

Gary has entered DayTrading Chat

JP okay

gd or J-Dog...

Gary gm

jose has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]Gary, Jose[/b]

Birddog yea

Ken-ST Moderator: gm everyone

Ken-ST Moderator: Happy Friday

Ken-ST Moderator: and Happy St. Patties day

J-Cale Futures are comeing back up

kelly has entered DayTrading Chat

steveg whats goin on anytrhing good?

Ken-ST Moderator: Market Assessment:

James-ST Moderator: gm gary, jose

ash1 has entered DayTrading Chat

Ken-ST Moderator: Daily Chart:  above the 5 day EMA

ash1 gm all

James-ST Moderator: gm ash

Pat has logged out

Ken-ST Moderator: Hourly Chart:  uptrend

Ken-ST Moderator: Daily Chart;  stoch uptrend

Ken-ST Moderator: 5 min chart: uptrend

Ken-ST Moderator: overall we have an uptrending bias to the market

J-Cale not overbought?

jose gm James, Ken, everyone!

goldy has entered DayTrading Chat

James-ST Moderator: gm goldy

am Citi cuts GOOG estimates...not by much

Ken-ST Moderator: Cale, no

st has entered DayTrading Chat

Dusty Ken, you are refering to a 5 min chart of the spx correct?

Ken-ST Moderator: Im referring to all three time frames

susan has entered DayTrading Chat

Ken-ST Moderator: but overall bias, I am looking more the Hourly chart...the bigger trend on the day

susan gm everyone

J-Cale GM Susan

Dusty Ok, because when I look at the 5 min chart it looks like it is trending down on the SPX. Maybe later you could explain a bit more.

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sam gm all

Ken-ST Moderator: ok

James-ST Moderator: gm sam, susan, st

gd good trading to all....

gd with a little Irish luck too

gd lets make it a green day

susan may the luck of the irish be with you

Hunter has entered DayTrading Chat

Hunter : gm guys

J-Cale hey Hunter

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PTEN 29.53[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PTEN 29.53[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PTEN 29.53[/b]

J-Cale <Beep Beep Beep>  Ken?

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SGMS 33.88[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SGMS 33.88[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SGMS 33.88[/b]

hanzsolo has entered DayTrading Chat

gkent short mrvl,goog,apol

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CBRL 46.68[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CBRL 46.68[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CBRL 46.68[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]MRGE 15.74[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]MRGE 15.74[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]MRGE 15.74[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]RMBS 34.51[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]RMBS 34.51[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]RMBS 34.51[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]RMBS 34.51[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]RMBS 34.51[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]RMBS 34.51[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]RMBS 34.51[/b]

J-Cale $33.80?

Sean stop?

James-ST Moderator: 33.79

goldy stop on rmbs

gkent short wire

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hanzsolo has entered DayTrading Chat

James-ST Moderator: GM KIMMRON

shawnt has logged out

J-Cale Stopped out in RMBS

Ken-ST Moderator Update!

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]RMBS [/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]RMBS [/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]RMBS [/b]

am Michigan Cons Sent 86.7 expecting 88.0

limey NOT ANOTHER DAY LIKE YESTERDAY!!!

J-Cale [img id=em-11]

gd I didn't take the trade...rmbs always kicks my butt...

limey Tripple witching

J-Cale ya I should have know better too, gd

J-Cale it always eats my lunch

am gkent...still short GOOG?

gkent yeah

am cool

gkent and mrvl,apol,wire

jg has logged out

gd I was really tempted to short it but didn't

James-ST Moderator: GOOG 331.49, breaks that will be new trend low and trading into the gap up created awhile back

gkent James....we'll see if i have the stomach for that game when it gets there

jose has logged out

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furio l vphm .8

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James-ST Moderator: SPX is flat, stochastics are down, has been trading right on the 50 ema since yesterday.

Sean so when you dont issue the stop, are we to assume that it's LOD?

furio out vphm 13.1

James-ST Moderator: TYpe B's are the initial HOD or LOD

Sean alright

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PTEN 28.59[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PTEN 28.59[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PTEN 28.59[/b]

furio out all vphm 13.4

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ORCC 13.11[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ORCC 13.11[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ORCC 13.11[/b]

Ken-ST Moderator: that one looks a little thin

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st has entered DayTrading Chat

am Gkent, what made you shorted APOL if I may ask

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RMBS 33.36[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RMBS 33.36[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RMBS 33.36[/b]

jg has entered DayTrading Chat

gkent am...apol.....on daily...gap down window...50% retracement...bearish engulphing candle yesterday....today broke yesterdays low

am thanks

James-ST Moderator: HANDSOME GKENT

James-ST Moderator: er caps

steveg contagious

James-ST Moderator: lol

steveg WC virus

steveg housing hot today

goldy has logged out

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J-Cale whats the ETF for Home/Homebilders?

gkent xhb

J-Cale ty

steveg i check $hgx for an index

steveg $xau gold is falling..

steveg today

J-Cale ouch, I have some GLD in my long term account

J-Cale big dip

jh has entered DayTrading Chat

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gkent short rimm

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James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ORCC 13.11[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ORCC 13.11[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]ORCC 13.11[/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ORCC [/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ORCC [/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ORCC [/b]

st too fast. no fill on orcc

limey Spread killed me !

victor02 has entered DayTrading Chat

J-Cale ya My alert triggered but I had a Limit order in and not a Market order so NO fill here either

J-Cale [img id=em-1]

jg has entered DayTrading Chat

Ken-ST Moderator: CBRL getting close

Ken-ST Moderator: PTEN is close as well

James-ST Moderator: cmon RMBS POS.....give us some revenge

jh has logged out

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

kelly has entered DayTrading Chat

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PTEN 28.59[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PTEN 28.59[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PTEN 28.59[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PTEN 29.01[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PTEN 29.01[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PTEN 29.01[/b]

James-ST Moderator: CBRL close

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CBRL 46.68[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CBRL 46.68[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CBRL 46.68[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CBRL 45.99[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CBRL 45.99[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CBRL 45.99[/b]

J-Cale OOOooooooooooooommmmmmmmmm....  [img id=em-5]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CBRL[/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CBRL[/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CBRL[/b]

jy CBRL TTYY

rufus ty

gd nice call

jy running a little

JR that was great

J-Cale Nice little Runner!!

jg y e a h

st CBRL 1.5% ty

Ken-ST Moderator: gj

steveg what companies besides 3m make bird flu masks?

James-ST Moderator: CBRL new HOD.....not bad.........

J-Cale Ken/James what are the 3 moving avg's  ( the 5, 20, and ?)

James-ST Moderator: steveg.......you would think one of those tool/construction companies, like black and decker or something

susan im still in cbrl partially

J-Cale I guess I could go back and look on the video, but it was easer to ask

James-ST Moderator: 50

James-ST Moderator: cale

J-Cale ty

steveg ty have too lokk in on that. they will rock and roll 1st day a case shows up here.

James-ST Moderator: steveg, i dont think masks though.......bird flu is not airborne yet though.....only through blood and fluids right now, and animals that eat chickens.......

gd rmbs close

steveg hmmm

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

gd never mind

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]RMBS 33.36[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]RMBS 33.36[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]RMBS 33.36[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]RMBS 33.98[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]RMBS 33.98[/b]

julie has entered DayTrading Chat

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]RMBS 33.98[/b]

James-ST Moderator: RMBS pos.....please die.......for that brutal long traigger this morning

steveg gold trying a reversal...

James-ST Moderator: trigger

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]PTEN[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]PTEN[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]PTEN[/b]

gkent rmbs....weak sector and spx stoch. on are side

James-ST Moderator: yes, fill the whole darn gap and pay us back

gkent oops had the daily stoch up

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julie b orcc 13.19

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PTEN[/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PTEN[/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PTEN[/b]

steveg nicely played

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SGMS 33.59[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SGMS 33.59[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SGMS 33.59[/b]

JP Nice....now we just need rmbs to tank

jg thanks guys  ...a job well done...

WCBLBBALL YOUR NOTE SAYS SHORT ON SGMS AND YOUR BOARD SAYS LONG.  I'M LONG...MAKE IT LONG

julie lol

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Bruno3 gm

James-ST Moderator: hey bruno

gd Make it small caps and he will change it to long

WCBLBBALL HI JULIE YOU GOOD LOOKING THING.  HOWS NVAX LOOKING TO YOU

julie havent paid much attention

James-ST Moderator: HEY WC, AFTER 2 WEEKS YOU STILL TYPE IN CAPS....PLEASE STOP

J-Cale Just make it Small Caps

WCBLBBALL small letters now make it long .....please

gd :)

gd : )

James-ST Moderator: wc, we have a long and short trigger on a very tight range SGMS......if it breaks HOD we will join you

James-ST Moderator: PTEN new LOD

jy james, I still have my 2nd 1/2 on PTEN - stop advise ?

James-ST Moderator: 28.51is best i see now.....

J-Cale Gold Back up a bit

jy ty

James-ST Moderator: Kinda large......

steveg cale i you do well long term but im praying for a breakdown today.... im short gg

WCBLBBALL even typing in small letters you can't trigger the long for me special today only on st. pattys day?

J-Cale Understand Steve

James-ST Moderator: lol wc

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steveg there a surprise gm has big losses

James-ST Moderator: gm pontiff

Pontiff gm james

James-ST Moderator: lol steveg, GM and airlines.......

st I shorted GLG at 28.11 . hope gold will go down today.

James-ST Moderator: They should both file as non-prfoit agencies and get some additional tax incentives.

James-ST Moderator: profit

James-ST Moderator: Somebody kick RMBS where it counts.......

Pontiff has logged out

J-Cale ooooooooooooooooommmmmmmmmmmmm..

James-ST Moderator: it is not saying much as the market is in a range as a whole........but market new LOD

J-Cale does that help?

James-ST Moderator: looked like it did.......

James-ST Moderator: here, i will push it to fill the gap......

James-ST Moderator: [img id=em-4]

James-ST Moderator: Any other stocks of note gang?   Quadruple witching.......flat, flat, flat..........

julie out orcc .32

James-ST Moderator: nice julie!

jy RMBS handsome

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]RMBS[/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]RMBS[/b]

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]RMBS[/b]

James-ST Moderator: POS, note the very legit long trigger this morning.....

jg the mantra did new jcale!

J-Cale Whoot!

James-ST Moderator: [b]CANCEL FURTHER TRIGGERS, TURN / LUNC PERIOD[/b]

julie SORC

James-ST Moderator: Rough early trigger with RMBS long.......got back on track........

James-ST Moderator: Market appears on the fast track to no where today.........good day to take a break with all the options expiration.

steveg Julie long on sorc?

julie not yet

steveg hod?

kelly has logged out

julie hod is safe

James-ST Moderator: Questions or comments?

julie 17.81 aggressive

J-Cale why do the expirations effect the market so muhc?

J-Cale much

J-Cale does

James-ST Moderator: well, there is that max pain affect we discussed last month

J-Cale Why does Option expiration day effect the market so much?

James-ST Moderator: you remember that right cale?

James-ST Moderator: I think we observed a few stocks that day end up right at max pain.

J-Cale hummm, must have missed that topic

James-ST Moderator: ah ok

J-Cale anyone here trade with Options?

steveg i do some

James-ST Moderator: Max Pain is the theory that a stock will end up on options expiration day very close to an amount that would allow the most possible options (calls and puts) to expire worthless......

steveg but im really a newbie

James-ST Moderator: Not always the case, and of course you will instances to discount this, but often you will look at a stock and examine the open interest of options and find that it will end up the day that way......

steveg most options do expire worthless form what ive seen

J-Cale so people with options on the day they expire try to unload?

gkent getting long the oih again w/ crude at highs of day

James-ST Moderator: yes, and somehow the stock price is manipulated to end up at Max Pain.

J-Cale so on RMBS, the symbol is BNQ?

julie all options expire worthless by definition

steveg true

James-ST Moderator: I think last month, or the month before......someone pointed out GOOG and at what price the most options would expire worthless.......sure enough, GOOG ended up at that amount.

James-ST Moderator: not all options expire, they can be exercised

julie James if they EXPIRE they areworthless

James-ST Moderator: no, if they expire in the money they are executed automatically and are not worhless

steveg gkent what would a good entry on oih be iyo?

julie if they are excersied, then they dont expire

julie therefore.................................

James-ST Moderator: ah semantics.......you are right.

julie lol

julie word games

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James-ST Moderator: my point is, if you held a GOOG 350 put until tomorrow and GOOG closed at 320 and you fell asleep, Monday you would wake up with 100 shares of GOOG short at 350.......so yes, the option is worthless, but monday you do have 3,000 bucks......

julie dont you have to give the broker instructions to exercise?

gkent hey steveg....i'm thinking 141.50 is good support on the oih

julie wouldnt advise sleeping

Ken-ST Moderator: no they will assign automatically

julie or being on an airplane

James-ST Moderator: no, in the money options should be exercised automatically

Ken-ST Moderator: if more than .25 in the money

julie oh automatic

julie has it always been that way

J-Cale wow, so much to learn on Options

J-Cale i need to find a good mentor and a few good books

furio vphm, that was sweet

julie Cale the best thing to learn about optons imo is to never be a buyer, only a seller

steveg hmmm ty gkent i'll be watching...w/ crude up it doesnt seem to be mivng much though.  mabe due to quad witching...

steveg miving=moving

Ken-ST Moderator: very true julie

gkent steveg...as james pointed out yesterday...it's at the top of its daily chart range

Ken-ST Moderator: that way you have time on your side

J-Cale so Option Seller is Puts?

Ken-ST Moderator: working for you and not against you

J-Cale or being Short?

WCBLBBALL get ready to trigger sgms long in SMALL LETTERS

julie short puts or calls

steveg looks like oih may  getting some support on 5 min

julie or covered on calls

julie best to read the info on the CBOE page

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julie here comes sorc

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J-Cale ya I need to do a lot of Reading

J-Cale anyone else go Long in RMBS at $33.03?

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J-Cale BBL good ppl

steveg cale, i've been playing a strategy that looks for very strong companies on daily and weekly charts... then buying calls out of the money 40 or more days out that have strike prices below where i think the stock will be.

julie wish i was lng rmbs @.03

steveg triple my money on one so far.

J-Cale Steve, I will need to pick your brain a bit later

J-Cale see ya all after lunch

steveg but im prepared to lose everything as I paid less than .90 for the options. and don't buy alot.  one contract at a time

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julie mrge broke out

julie nice chart

jy PTEN - broke round number lod 27.95

doc tks ken james everyone have good weekend

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steveg cool fedx commercial

jy just exited last 1/2 PTEN @27.87

julie anyone planning on seeing Vendetta this weekend?

julie James?

jy may regret it - but ....

gkent steveg oih didn't hold...i punted

Ken-ST Moderator: that awesome jy

steveg gkent is there a realtime chart available on the price of crude?

steveg or nat gas?

gkent the guy behind me has it on his bloomberg

steveg bloomberg.com?

steveg real time?

gkent steveg...if you have a futures feed, i'm sure they have it

gkent now....the 24,000 dollar a month real time setup

gkent no not now

steveg don't have the futures feed yet..but would like too

steveg lots of stuff to watch...

Ken-ST Moderator: 24k a month?

steveg wait 24K amonth to get futures real time?

jrs steveg, have you tried usinjg Esginal? they may have it.

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James-ST Moderator: julie, yes, vhopefully i can see Vendetta

James-ST Moderator: sean, you going to see it?

julie got poor reviews in nyt

steveg no- i use tradestation, but i think the 2 systems may be compatible

James-ST Moderator: hey cale reading up......options are very easy to understand......making money on them is another matter entirely.....options you can be right on which way the stock will go and still lose money.

julie steveg do you like TS

James-ST Moderator: really julie......it looked like a political movie........that kinda bothers me.....

steveg Julie i do- but have some probles with it too. but since i want to do automated trading its a good choice for me.

steveg comissions run 1 pennie a share for 100 or more

julie expensive

julie they advertise a penny up to 500 and them .006

steveg right

julie $8/1000

am Gkent, any thoughts on GOOG?

julie do you pay fees?

gkent am....i covered when goog went through 338.....options exp. will play havoc w/ it

steveg $9 or so dollars a month each on the NAsDaq and the NYSE

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am true

julie TEK hod of day alert

gkent am.....i'm ok w/ it when it's going my way, but no need to get run over

steveg if you trade less than 25000 shares per month then you pay $200 for the platform

julie oops

julie wrong stk

julie are the charts good?

steveg I think they are just like esignal

julie is esignal good?

furio watch mrvl guys

steveg some little problems i have with there charts but good on the whole

James-ST Moderator: PTEN new LOD........

James-ST Moderator: CBRL nice runner

steveg I have too little exp on esignal to comment

steveg you are a friggn fast typer i cant keep up

James-ST Moderator: furio, playing a bounce on MRVL?

furio yes, waiting to go over 55.05 sox llokign strong

furio for 40c

am I hear you gkent

James-ST Moderator: handsome furio

steveg bailed on gg - gold index shot over hod. too risky to stay in imo

furio I am in

furio gogogo sox

steveg sox reversal?

steveg hate when these things happen during lunch... lunch on quad witching day even worse!

furio I am out .94 and .9

furio turned on me

furio will reenter if/when goes back there

steveg im thinkin mrvl long above yesterdays close if $sox revewrsal holds...

steveg potentially lots of room to upside

steveg ken james what do you think?

furio yep, was anticipating a bit, thought the sox would run to 498

furio brcm didnt help either

Ken-ST Moderator: that is a strategy

Ken-ST Moderator: and currently overall market is  in your favor

furio I say it will do it, just waiting here for it

Ken-ST Moderator: as long as you have a definite trade plan

julie lots of down gappers today

steveg right now $sox testing yesterdays close

steveg which is also the 20 ema on the 5 min chart

jy what a runner - PTEN

gkent long ntap

steveg nice gkent - i was too late though

furio yep

gkent steveg....stp lmt in the system....never late

jy gkent - are you still in GOOG short ?

Dan Furio, nice to hear about a trade before it moves.

gkent jy....no...covered going throug 338....don't like pain

jy looks like it's a good stop

furio yep, sometimes there's time Dan

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Ken-ST Moderator: wb

Ken-ST Moderator: LEAP new highs

steveg look at thAT!

steveg lunch volume...

steveg leap volume higher at lunch then open

Ken-ST Moderator: breakout was during lunch though

Ken-ST Moderator: perhaps after lunch we will have a tirgger

steveg i saw the volume and jumped in on the pullback....

steveg leap

gkent so ken.....i bought ntap when it went through 35...it happened during "lunch"....would you advise against that

gkent or maybe just smaller/tighter stop etc

Ken-ST Moderator: it may still work out

Ken-ST Moderator: but we note that breakouts during the lunch period have a higher chance of a false move

steveg bailed on leap when the volume turned into a vacuum

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Ken-ST Moderator: so we are just waiting for the percentages to be on our side

Ken-ST Moderator: Time of Day is an important factor in our strategy

Ken-ST Moderator: it is also the basis of my futures trading

Ken-ST Moderator: just keep your eyes on the MAs

gkent thx....good advise

Ken-ST Moderator: if it is a false breakout you will see it violate MAs that it previously held as good support

steveg learnin just how important they are.

Ken-ST Moderator: not a predictor by any means, but it helps you to identify when a trend has changed

James-ST Moderator: yeah, there is no concrete law, "Don't trade during lunch"......just in our experience, momentum moves during lunch are way less occuring and sustained......

James-ST Moderator: ideally, a few good trades should make the day complete, we try to limit our trades in the first hour or so and the last few hours, where momentum moves occur more frequently and have a little more legs to them.

James-ST Moderator: but, by all means, if you find something that works for you during lunch, go for it, and share with the room......

James-ST Moderator: daytrading by nature is stressful and tiring.....use the lunch period to take a break....exercise (like cale), or better yet.......smoke a pack of cigarettes.

James-ST Moderator: [img id=em-4]

James-ST Moderator: the market will always be here when you return, and opportunites as well......

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James-ST Moderator: bear siting

steveg hey bear

bearrally what's going steve?

bearrally quad withcing day

steveg not much-

bearrally week

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steveg bear did you read jubaks column on interest rates a week back or so?

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bearrally no, what happen?

Ken-ST Moderator: hey bear

bearrally what's up ken

steveg he says i-rates going up even if fed stops-

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steveg due mainly to the bank of japan having a zero rate for so many dead years and now they have a long way to go up

bearrally well, long terms need to catch up with short term

steveg just wondering your opinion...

bearrally mean japan is going to stop loaning us cheap money

steveg right that was jubaks point.. plus with asia developing so fast

bearrally technically, 10 yrs yield need to pull back to 4.5ish before mking run to 5

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steveg we would be competing for money with china and the rest of asia

James-ST Moderator: Market new HOD

James-ST Moderator: Still a very tight range......

gkent short hsy....not really a type b but close

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bearrally we are competing for who will buy more of our debts

James-ST Moderator: ncie gkent, you are right, very close....still a nice gap below it......

steveg and if our exports dont improve, we might have a wee problem

bearrally and base on what japan is saying "no more junk bond"

bearrally imo, don't think our export is going to improve

steveg I cant see it either.

bearrally you know that i was looking into buying a car dealership

bearrally but no toyota or honda for sale through out the us

bearrally only gm, ford, chrysler

bearrally pretty scary

steveg who would sell a toyota or honda dealership?

Ken-ST Moderator: brb gang

Ken-ST Moderator: taking a short break here gang

bearrally be can't even sell ourself

bearrally how can we sell to other

bearrally got to run steve

bearrally have a good weekend all

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gkent mrvl....engines warming up

furio buyign at hod mrvl

furio yep

furio here we go

gkent w/ yah mrvl

James-ST Moderator: Market is very near to High of year set yesterday......see if we break or find resistance here.........

gkent selling 1/2 ntap if anyone else is there

furio out .13

furio i am going for a ride

furio be good, guys

James-ST Moderator: you out of here furio?

furio yes, for 1 hr or so

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O'Cale Top of the afternoon to ya and What be me missing

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susan lol, OCale

O'Cale [img id=em-10]

James-ST Moderator: ok furio

James-ST Moderator: lol cale

susan :)

O'Cale Looks like RNVS should have been a Short

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Dan rnvs downgrade today

steveg anyone in on mrvl?

gkent yeah

gkent up on day now

steveg $sox reversal held. way above yesterdays close from being down this morning

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O'Cale Thanks Dan, I missed that news!!

James-ST Moderator: WCBL - you smiling over there?

James-ST Moderator: I see your SGMS.......

O'Cale brb, need to shower  [img id=em-0]

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gkent selling 1/2 mrvl....little stall here

WCBLBBALL your going to have to issue that long watch on sgms...note:  all small letters

WCBLBBALL yes.  just saw your nte above

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James-ST Moderator: Appears market could not break yesterday's highs, SPX 5 minute charts, stochastics coming off of overbought levels.

WCBLBBALL i'm long rhat, sgms,iotn,orcc,amln, & issx

James-ST Moderator: nice wc

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WCBLBBALL iotn started day at 13.02 went to 13.40 crashed a minute ago to 12.64 did a mon back and now at 12.88

James-ST Moderator: Unsustanable new high on the gap up this morning.....on the daily chart that could be a bearish candle and a possible sign of reversal of the uptrend......not necessarily down, but possibly sideways......

James-ST Moderator: sustainable

James-ST Moderator: A gap up and a failure like that on IOTN, you can see how that candle is a visual that traders are willing to take profits at these levels.

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James-ST Moderator: hey ramm

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James-ST Moderator: Questions or comments?  Anything of note?

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ramm hi

JR who was it that was going to try World Advisors Auto Trader?

JR thought it was Steveg

steveg didnt mean to whisper. no not me

JR well, whoever it was, I'd really like to know how they like it thus far>

JR I spoke to them today and there are quite a few strategies to auto trade, performance looks attractive.

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steveg caffein withdrawal headache- got to quit for a cup o joe

O'Cale JR you going to sign up?

gd mrvl tanking

gkent gd i hear yah....so did my ntap....mkt rolling over

JR yes,

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gd could be some wild swings today...

JR they said they would take qualified money (retirement).  Which I wouldn't be uncomfortable doing for a small allocation

Ceon what is the web address for that?

O'Cale ya My 5 minute Rainbow Stoch's are showing a downward trend from over bought

JR worldcupadvisors.com

steveg you know $sox was overbought on mrvl...i should hav held out... went against my instinct, want ted that one to succeed so bad...

Ceon thx

JR np :)

gd brcm & sndk have possible swing shorts ops...bearish candles

O'Cale Ken, going to open any before your nails dry?

Ken-ST Moderator: waiting for 1:30 end of lunch

Ken-ST Moderator: which is almost here

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SGMS 33.95[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SGMS 33.95[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SGMS 33.95[/b]

JR O' Cale, you've been a chamelion this morning with the name changes

O'Cale hehe, but you know it was always me  [img id=em-10]

O'Cale James da man this afternoon!!!

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James-ST Moderator: [img id=em-6]

steveg mrvl long now might be better... sort of a type c for the brave

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James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SGMS 33.95[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SGMS 33.95[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SGMS 33.95[/b]

o'gd o'cale...needed to join the party...

O'Cale That came faster then I expected

O'Cale soemone likes SGMS

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SGMS 33.74[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SGMS 33.74[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SGMS 33.74[/b]

o'gd It's time to start drinking...its 5 pm somewhere...

steveg amzn near lod

JR I don't know, drinking and trading could be dangerous!

James-ST Moderator: hahaha

gkent o'gd....the McDrunks are already out and about here in NYC

JR gkent, there is no place like NYC on St Pat's Day!

Dusty Hey, I resembel that remark

o'gd :)...gotta do something to start the weekend off right

James-ST Moderator: lmao

steveg erts at lod

James-ST Moderator: Market still in a very tight range, but now trading below 50 ema on 5 minute chart and stochastics are down.......

steveg near...

James-ST Moderator: We are in 5 point range on the SPX.......talk about flat trading.........

o'gd bidu...40 something...

hanzsolo time to make money on shorts

steveg not much lookin pretty on my radar

JR did anyone play the IPO of BIDU?  That was like printing money

steveg tol just fell below lod

James-ST Moderator: we did in here JR.....lot of guys in here were going crazy, catching points on BIDU

JR which ones are you playing steveg?

JR it was by far the most money I've ever made on one stock in one trading session

O'Cale when was the BIDU IPO?

steveg im playin chicken today... hold on one sec

JR I think August?

James-ST Moderator: JR, the only comparable i can think of is back in the inet boom.......CMGI up like a 100 points in minutes.........

O'Cale ah

JR holy cow James!  I hope you got a bunch of it!

James-ST Moderator: Check CMGI now.....1.37 from what? 240 ish?  and the CEO refused to sell any shares........

James-ST Moderator: I actually had call options on it, not much, but the return was crazy.

JR that's incredible

steveg gold is overbought and falling

steveg but i failed that one earlier today

steveg ypou know what i think migth work? penn long at hod

steveg nope overbought

hanzsolo upl

hanzsolo upl

steveg long aapl maybe but not likin' the low volume

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steveg just a buttfugly day

James-ST Moderator: wb kimmron

James-ST Moderator: yep, very flat action

o'gd steve...start drinking...the day will look better

O'Cale O'Ooooooommmmmm

steveg my caffiene headache is just givin' way....

O'Cale Yes, Drinkng on St. Patty's day is amust

O'Cale trist me, a muust

o'gd replace coffee with beer

steveg or add whisky

steveg gonna check on my options...

O'Cale Lotes of hwisky  [img id=em-0]

gkent we have a keg of guinnes in my office right now....had corned beef and cabbage delivered in

O'Cale goud call Kent

gkent these irish guys are out of their minds

o'gd gee...that is so cool...and who said you can't drink and be productive?

James-ST Moderator: mmmmm.....love fresh corned beef and cabbage

O'Cale ay, that they r

O'Cale be bak in a weee bit, need to be filling me Whisky mug

James-ST Moderator: lmao......taking role playing to whole new level:  O'Cale, Irish Trader

Ken-ST Moderator: lol

o'gd dna...nice move

steveg dont forget to cancel triggers before you drink..

o'gd rocketing up

gkent dna on the tape now "sees 40-50% eps growth

Ken-ST Moderator: ty gkent

gkent about 5 min old

o'gd I like it...own it in ling term holdings

o'gd long

steveg wow dna

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o'gd a little short covering is good for the soul (long)

jy SGMS needs to break the 34.05 level.

o'gd sgms needs to start drinking

jy SGMS is at 52 week high - it was at 33.75.

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steveg if sndk gets above hod might make a good long...

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steveg same aapl

Ken-ST Moderator: gkent, are you out of MRVL?

gkent yeah....short this am. ..long this afternoon....up 8 bucks after everything

o'gd that may buy a couple of drinks today...

gkent i mean 8 dollars total

steveg gj- im thinkin mrvl looks good long right now

gkent why ken....any thoughts

jy gkent, up $8 net of evrything or up $8 x 1000 shares on each trade.

susan mgam?

gkent my best guess is to let it do its thing....be long through 55.5 or short through 53.5

Ken-ST Moderator: no thoughts, but withthat strategy you need a loose stop

gkent jy....i mean a lousy 8 bucks after all is said and done lol

Ken-ST Moderator: just was wondering if you were still in

jy gkent, guess GOOG did some damage. sorry.

gkent jy....a little bit ...short at 337.325 and covered at 338.25

gkent I play that one small though...only 500 shares

ramm ken whats your take on nmti is it a buy at this price $15.00

jy I'm up alittle - the RMBS long did the damage.

Ken-ST Moderator: What kind of time frame?

Ken-ST Moderator: on NMTI

ramm what do u say should it be held for??

Ken-ST Moderator: It does not fit any of our strategies

ramm can it hit the $20 mark in a few weeks

Ken-ST Moderator: it is rallying up under its 5 day EMA

Ken-ST Moderator: the intraday trend is up

Ken-ST Moderator: but he daily trend is down

Ken-ST Moderator: could go either way

Ken-ST Moderator: I have no opinion on it

Ken-ST Moderator: sorry

ramm sure

o'gd dna...nice 5 min chart

gkent ken....speaking of dna....any thoughts going long above HOD

Ken-ST Moderator: If you look at its daily chart

Ken-ST Moderator: its still in range below 88

Ken-ST Moderator: tough man

Ken-ST Moderator: on runners like that

Ken-ST Moderator: 1 strategey would be to wait for pullbacks to the 5 ema on 5min

o'gd amgn & DNA have almost opposite charts...

Ken-ST Moderator: play the breakout to new HOD

Ken-ST Moderator: then place stop at low of the pullback

gkent thx

gkent w/ that congestion at 88 and friday afternoon...i'll leave it (dna) alone

o'gd take a shot of o'Irish whiskey and go for it....

gkent could turn out to be an expensive shot

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o'gd you are right...we will see which way it plays out...

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ramm nstk hod??

Ken-ST Moderator: yes lets do it Ramm

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]NSTK 17.03[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]NSTK 17.03[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]NSTK 17.03[/b]

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Ken-ST Moderator: wb

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]NSTK 17.03[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]NSTK 17.03[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]NSTK 17.03[/b]

o'gd that wa quick...

evan couldn't get filled

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]NSTK 16.69[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]NSTK 16.69[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]NSTK 16.69[/b]

o'gd dna....

JR anyone in DNA?

o'gd not I

o'gd you?

JR yeah, 86.3

JR 2nd trade

gkent nice job JR

o'gd very nice...

James-ST Moderator: Questions or comments?

o'gd would you short brcm at this level for a swing short

Ken-ST Moderator: Does not fit our strategy

Ken-ST Moderator: it ist still in range

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Ken-ST Moderator: and no telling which way it breaks

Ken-ST Moderator: the overall trend ont he market is to the upside

Ken-ST Moderator: so you are fighting the market

o'gd ty...don't want to fight it...today is for drinking

o'gd dna...nice run

o'gd wow...JR still in?

JR just bailed at 87.35

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]NSTK [/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]NSTK [/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]NSTK [/b]

o'gd great job

JR thx

JR ugh, should have left 1/2

kelly im into dna

kelly still in

JR good job Kelly

Ken-ST Moderator Update!

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]NSTK Breakeven[/b]

kelly lol

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]NSTK Breakeven[/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]NSTK Breakeven[/b]

steveg well happy paddy's weekend- lets call it a week

Ken-ST Moderator: nice job kelly

steveg has left the room

Ken-ST Moderator: ok steveg

Bruno3 BUCKNELL 59 - ARK. 55

jh mygn fit strategy?

gkent Bruno3....how 'bout Iowa getting knocked out by Northwestern St.