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The Power of 2% Chat Transcripts


05/18/06 Chat Session

claudia has entered DayTrading Chat

Cale Good Mornin Claudia

claudia gm everyone

Cale Good Morning Sir James

James-ST Moderator: GM ALL

claudia gm cale

ozzy good morning

Ken-ST Moderator has entered DayTrading Chat

Ken-ST Moderator has become a moderator

Ken-ST Moderator: GM ALL

ozzy gm

jg has entered DayTrading Chat

Clyde-Harmon Trading has entered DayTrading Chat

jg good morning everyone!

Clyde-Harmon Trading gm all

claudia PDCO?

claudia GYMB?

claudia CLZR?

georgie MED?

mac has entered DayTrading Chat

mac gm

limey has entered DayTrading Chat

jj31 has entered DayTrading Chat

Cale GM Ken

Ken-ST Moderator: gm jg, Clyde, claudia, georgie, mac,limey jj31

Ken-ST Moderator: gm Cale

jj31 gm all

claudia gm ken

Ken-ST Moderator: Added PDCO

Ken-ST Moderator: the others look to be in rang

Ken-ST Moderator: range

doc has entered DayTrading Chat

doc gm gang

JP has entered DayTrading Chat

Ken-ST Moderator: gm doc, JP

JP Morning.

JP CTRP

Leslie has entered DayTrading Chat

Ken-ST Moderator: in recent range still, but will keep eye on it

Leslie gm all

guru has entered DayTrading Chat

claudia LTD?

limey TWGP could hit new high

julie has entered DayTrading Chat

darrenlabrum has entered DayTrading Chat

Ken-ST Moderator: gm leslie, guru, julie, darren

James-ST Moderator: gm darren, julie guru, leslie, jp doc, jj, everyone else i missed

ms has entered DayTrading Chat

guru has logged out

guru has entered DayTrading Chat

guru gm to all

Ken-ST Moderator: gm ms

Ken-ST Moderator: gm guru

Ken-ST Moderator: LTD added

Ken-ST Moderator: near highs

Dan has entered DayTrading Chat

birddog has entered DayTrading Chat

Ken-ST Moderator: gm birddog

birddog gm everyone

birddog I missed an awesome day yesterday

hobo has entered DayTrading Chat

birddog gj Ken James

victor has entered DayTrading Chat

Ken-ST Moderator: gm hobo, victor

Ken-ST Moderator: ty birddog

James-ST Moderator: gm victor, hobo, bird, dan, ms

Penfold has entered DayTrading Chat

James-ST Moderator: gm pen

chuck has entered DayTrading Chat

Ken-ST Moderator: gm Pen, chuck

Penfold Mornin'

ms gm

chuck gm Ken, James, ev1

James-ST Moderator: gm chuck

johnboy has entered DayTrading Chat

johnboy gm everybody

birddog gm jb, how's whiskey?

Ken-ST Moderator: gm jb

johnboy whiskey the dog?

birddog yes, the blind dog

James-ST Moderator: gm jb

johnboy oh, pluto is deaf, whiskey is normal, no blind dog though

birddog 10-4

Ken-ST Moderator: gm everyone

ThePontiff has entered DayTrading Chat

Ken-ST Moderator: gm pontiff

James-ST Moderator: gm pontiff

Ken-ST Moderator: Lets do a market assessment:

ThePontiff gm gang

jose has entered DayTrading Chat

Ken-ST Moderator: Daily chart:  under the 5 day EMA, stoch down

Ken-ST Moderator: hourly chart:  downtrend

gogo has entered DayTrading Chat

Ken-ST Moderator: 5 min chart:  downtrned

Ken-ST Moderator: Futures are curretnly up 3 points

Ken-ST Moderator: right at the 20 ema on the 5 min chart

James-ST Moderator: gm jose, gogo

Ken-ST Moderator: overall there is a downtrending bias to the market

gogo good morning

Ken-ST Moderator: gm jose, gogo

jose gm James, Ken, everyone!

travman has entered DayTrading Chat

rdub has entered DayTrading Chat

jy has entered DayTrading Chat

blk_lbl has entered DayTrading Chat

jy gm

Ken-ST Moderator: gm trav, rdub, blk

travman hello everyone

rdub has logged out

rdub has entered DayTrading Chat

James-ST Moderator: gm blk, trav, rdub

Ken-ST Moderator: gang, should the market rally today, it will be considered a countertrend

blk_lbl GM GM GM

tryhard has entered DayTrading Chat

Ken-ST Moderator: and often times can mean choppy trading

tryhard gm

rdub gm Ken, James, gang

Ken-ST Moderator: especially with options expiration tomorrow

Ken-ST Moderator: take things easy out there

Ken-ST Moderator: gm tryhard

Ken-ST Moderator: good trading everyone

djg610 has entered DayTrading Chat

James-ST Moderator: [b]CANCEL SNDA WATCH, NO GAP[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GYMB 35.31[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GYMB 35.31[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GYMB 35.31[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]CANCEL TELN WATCH[/b]

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]GYMB 35.31[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]GYMB 35.31[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]GYMB 35.31[/b]

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

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

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

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

ThePontiff why wasnt GYMB on the board this morning before the alert?

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SHLD 155.36[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SHLD 155.36[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SHLD 155.36[/b]

kvr has entered DayTrading Chat

victor test

Ken-ST Moderator: Just seen it gapping near the highs after the open

blk_lbl L GENZ

James-ST Moderator: SHLD close

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SHLD 155.36[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SHLD 155.36[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SHLD 155.36[/b]

JP Stop on SHLD?

chuck long WIRE

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SHLD 153.80[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SHLD 153.80[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SHLD 153.80[/b]

guru has logged out

moof filled on shld stop

James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]SHLD [/b]

James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]SHLD [/b]

James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]SHLD [/b]

RoGeRj that hurt!

rdub ouch

Penfold nice...I missed GYMB.. but I caught SHLD!  oh well...

Ken-ST Moderator: that was about 1%

Penfold next up!

julie out snps 1%

limey RAVN at new HOD !

rdub same here Pen

jose1 has entered DayTrading Chat

Ken-ST Moderator: gang, dont be allocating more capital to a trade just because its a high priced stock

RoGeRj bad fills on entry and exit too!!  -

jose has logged out

Penfold no, same $... still hurts

ozzy :/

Penfold and the frikin fills went against me both ways...

James-ST Moderator: [b]CANCEL INFY WATCH[/b]

rdub they brought it down to trigger our stops, now they push it up again

Ken-ST Moderator: SNDA on the move

Penfold I guess you guys have been spoiling us with great market moves early in the day

birddog plce?

jose1 has logged out

Ken-ST Moderator: PDCO testing the 5 ema on 5 min right now

James-ST Moderator: Very little market action after yesterday's steep sell off.....

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

Ken-ST Moderator: market still below the downtrending MAs

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PDCO 33.78[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PDCO 33.78[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PDCO 33.78[/b]

tryhard has logged out

James-ST Moderator: Not much is moving......feel free to yell out personal trades or stocks of note.

rdub BKC IPO is out and falling

James-ST Moderator: not appreciated.....

kvr has logged out

James-ST Moderator: er, not your bringing it up......the IPO is not appreciated

blk_lbl lol

julie l shld

rdub ok, lol

Cale hi

James-ST Moderator: hi

James-ST Moderator: Calm before or after the storm today?......

Cale uhu?

birddog I figured out how to gleam extra profit from your daytrading alerts

Cale do Share

James-ST Moderator: yes

julie l gymb

Penfold you buying pre-position and selling it to us further down the list?

birddog on 60 min chart when price touches 10 day ema you would buy/sell in the direction of the gap

birddog working pretty well for me

birddog holding overnight though

Penfold interesting...

Penfold so you buy the position into the day, and NOT sell before next morning, correct?

birddog still not exactly sure when to sell , at 1%, 2% or what ever maybe I can get some more eyes on this and figure it out

birddog any thought Ken or James?

Penfold birddog- you applying any stops on those?

julie ctrp roller coaster

birddog stop is a close above or below the 20 day ema is what I been using

Leslie has logged out

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SNDA 13.69[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SNDA 13.69[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SNDA 13.69[/b]

James-ST Moderator: would take a lot of data collection to see how that works bird, but, sounds to me like you have a strategy and a good way to place a tight stop, i see no reason why not

Ken-ST Moderator: ah gang, sorry that was too close

Ken-ST Moderator: we will not book that

birddog ty James

birddog intu keeps making new highs

georgie L x

blk_lbl i did what you were talking about today birddog

blk_lbl i had to re-read to understand

birddog cool, sorry I was not more clear

alex has entered DayTrading Chat

James-ST Moderator: gm alex

alex gm all!

Ken-ST Moderator: gm alex

birddog usually takes a day or two to hit the past swingtrade.com daytrade alert

birddog 10 day ema on 60 min I'm talking about

julie out shld 1%

birddog julie killing it today

blk_lbl CREE

blk_lbl X

James-ST Moderator: nice julie, at least someone got something out of SHLD

julie lol

James-ST Moderator: CREE - high 26ish, not on daily.....could be support there

James-ST Moderator: note

rdub julie nice timing on SHLD exit

Ken-ST Moderator: gj

julie yeas hit my lmt

julie ty

Ken-ST Moderator: SNDA new hod

ozzy woot made 1% on snda

doc has logged out

Ken-ST Moderator: nice ozzy

Ken-ST Moderator: gj

julie l beas

ozzy tnx

Penfold has logged out

James-ST Moderator: CNBC makes an alert that Bernanke "Watching Housing Market"

James-ST Moderator: ummm, ok.....must be a slow news day

julie out beas 1%

jg has logged out

julie l opwv

julie l sfcc

Cale Off to the Dentist bbl

James-ST Moderator: oooh fun

julie pull one for me

jg has entered DayTrading Chat

Rube has entered DayTrading Chat

julie shld looks like a sell here

Penfold has entered DayTrading Chat

ozzy wb Pen

Penfold Thanks ozzy...

Penfold good on you for that snda...

ozzy was faster then Ken lol

Penfold Ken, what was the problem with SNDA - spread get to wide?

birddog gymb looks like a buy

julie agree bird

julie beas rocking

Ken-ST Moderator: nice

blk_lbl ESCL

asad has entered DayTrading Chat

James-ST Moderator: gm asad

James-ST Moderator: Note SPX......dead flat.......

julie l gymb

julie .89 stp

birddog looks good julie

julie think so?

julie Im nervous about it

birddog i in @ .21

julie beas bustin out

julie shld is a teaser today

julie out beas, got 3% on the last tranche

julie what a winner

Ken-ST Moderator: gj

James-ST Moderator: vn julie

julie I need a few more like that today

julie bbl

julie has logged out

James-ST Moderator: ok catch you in a bit

JP SHLD HOD

James-ST Moderator: [img id=em-9]

moof julie thanks for BEAS made 1%

birddog i out gymb, stock not behaving. small profit

birddog wow good thing it just tanked

chuck has left the room

James-ST Moderator: [b]CANCEL FURTHER TRIGGERS, LUNCH / TURN TIME[/b]

James-ST Moderator: Dismally slow morning gang for us here.....

James-ST Moderator: be patient.........try not to overtrade

jeff has entered DayTrading Chat

James-ST Moderator: Market new LOD, sun 1270 SPX

James-ST Moderator: sub

Ken-ST Moderator: any questions?

bearrally has entered DayTrading Chat

blk_lbl has logged out

birddog hey bearrally, been a while

jy SHLD new hod 155.99 - interesting to see if it breaks 156.

bearrally hey bird, still here

birddog how's mortgage biz?

jy SHLD broke 156 @156.22

bearrally birddog, dead

birddog i figured so

bearrally lots of laid off coming from that sector

birddog is your company doing ok?

bearrally i am very slim

blk_lbl has entered DayTrading Chat

bearrally so i am ok

birddog glad to hear

bearrally set to laid off about 30% of operation staffs by the end of june if business wont pick up

birddog everytime i hear on news about housing slowing down , i wonder how ya doing

bearrally ameristar just laid off 4k last week

birddog gamblers out of money

bearrally thanks for the concern

bearrally lol

birddog I went to the one in kansas city one time, first time gambling

birddog and left with 5K in my pocket

birddog never been back

bearrally that is good

birddog I went for the food

bearrally lol

Dan has logged out

birddog took family on a cruise after that,,, disney cruise

bearrally that is a smart thing to do.  didn't come back

bearrally lol

Ken-ST Moderator: nice birddog

Ken-ST Moderator: that is the way to do it

birddog take care everyone, cu in the morning.  gotta get back to my second job. Thank you Ken

birddog has left the room

bearrally ken, i didn't remember you doing that

bearrally think i saw you hit the next table

pepe2207 has entered DayTrading Chat

jg has logged out

Ken-ST Moderator: lol bear

Ken-ST Moderator: thats because you have to win first

claudia PLCE was a buy at 59.40

claudia missed it

Ken-ST Moderator: nice setup

moof Ken/ james is CTRP a valid short at LOD?

Ken-ST Moderator: Yes, but after luch

Ken-ST Moderator: lunch

moof after lunch

Ken-ST Moderator: yes

moof ty

moof question how come NBIX is not a trigger at LOD ?

Ken-ST Moderator: it is still in the previous days range

Ken-ST Moderator: we look to trade stocks that are hitting new ternd

Ken-ST Moderator: trends

Ken-ST Moderator: trading stocks in the p/d range makes for choppy trading

moof gotcha

rdub Ken along those lines I have a question about 1 trade from yesterday

bearrally has logged out

rdub ERTS long was heading into resis from p/d low at 43-ish ... curious about your rationale there

Penfold has left the room

Penfold has entered DayTrading Chat

blk_lbl wonder where VTSS will stop

vikm has logged out

claudia HERO type c

vikm has entered DayTrading Chat

claudia what do u think Ken?

Ken-ST Moderator: nut much of a support area on daily

Ken-ST Moderator: alsoo stoch nearing overobught area

moof BEAS hod

travman has left the room

rdub Ken are u ignoring my question?  ...lol

pepe2207 has logged out

Ken-ST Moderator: sorry rdub

Cale I am sure hes not ignoring you rdub, hes just painting his nails

Ken-ST Moderator: I had to step away for a sec

pepe2207 has entered DayTrading Chat

rdub np ... lol Cale

blk_lbl which color today ken?

blk_lbl James has some killer pinks from what I hear

rdub green i hope

Ken-ST Moderator: you were long?

Ken-ST Moderator: erts?

rdub ya, 1st trigger was long 42.96 ... the 1 loser for the day, right?

rdub (in an otherwise stellar day)

Ken-ST Moderator: ah

rdub i actually DIDN'T take that trade for the reason I mentioned

Ken-ST Moderator: we had a tight stop

Ken-ST Moderator: the stock gapped down in an oversold condition

Ken-ST Moderator: which can often times produce a short term reversal

Ken-ST Moderator: true that the p/d lows do create resistance, but if you start trading well into it, you create the opposite effect

Ken-ST Moderator: overall though, the tight stop imo was worth it

rdub ok i c... i guess tight stop was the key

rdub thanks

Cale sure np

blk_lbl so now to the real question at hand...did you borrow one of Jame's pinks?

Ken-ST Moderator: which color today?  I was in a blue mood

blk_lbl nice

blk_lbl now i can sleep tonight

Cale bbl

Ken-ST Moderator: haha

johnboy hmm, that General on CNBC says the more resources they put out there, they will catch more "dumb" terrorists

johnboy never underestimate your enemy

Ken-ST Moderator: yup

djg610 bush not going to like talk of darwinism

pepino00 has logged out

pepe2207 has logged out

Ken-ST Moderator: any questions?

Ken-ST Moderator: market in total range

jy FFIV may be a Type C like yesterday. ??

Ken-ST Moderator: stoch in middle of trend

Ken-ST Moderator: dont want to risk a type c

Ken-ST Moderator: here

jy ty

jy I agree

asad has logged out

rdub1 has entered DayTrading Chat

rdub has logged out

Ken-ST Moderator: ok gang, slowly rolling out of lunch period

Ken-ST Moderator: no early alerts today

jy FFIV handsome

Ken-ST Moderator: you went in?

jy ken, yes. I did. against your advise. @51.25 exited @1%.

annabellab has entered DayTrading Chat

Ken-ST Moderator: nice man

Ken-ST Moderator: nah not against my advice...we just stayed clear

jy learning from the best.

Ken-ST Moderator: hi anna

annabellab Hi Ken, and James! Hi all.

Ken-ST Moderator: slept in today?

annabellab Yep....:)

ozzy hello

georgie what time is it in hawaii?

Ken-ST Moderator: 7:15

georgie 11 hours behind me as I'm eating my dinner you're eating your breakfast

jy georgie, where are you ? somewhere in Europe ?

georgie England

jy good old England.

jy my younger brother went to school in Cambridge.

georgie not too far from where I'm moving to soon

jy he told me it's nice

georgie it is very nice, he must be very intelligent, Cambridge is one of the best

jy he actually went to Oxford Law School.

georgie blimey, that's the other elite one over here

jy he's smarter than me. lol

georgie and me, I never made it to university

jy making money is more improtant.

jy Bill Gates never finished college.

georgie exactly, I don't know anything about history, geography, science but I haven't done for myself

jy FOunder of Oracle SOftware never wnt to college.

georgie bad for myself, I like numbers

georgie My step son went to University got a 1st and he's unemployed

jy lol

Ken-ST Moderator: Neither did Steve Jobbs if I am not mistaken

georgie Ken when do you sleep?

jy yes. Steve Job also

Ken-ST Moderator: I sleep at 8:30

Ken-ST Moderator: wake up at 2:00

georgie I suppose you're used to it now, hard to sleep when the sun's shining

Ken-ST Moderator: not for me

Ken-ST Moderator: naps are the bestest

jy ken, are you near Kailua

Ken-ST Moderator: i have a hard time falling asleep at night for some reason

Ken-ST Moderator: but if I take a nap, I can fall asleep in minutes

Ken-ST Moderator: takes me like an hour to fall asleep

georgie I find a bottle of red wine works every time to make me sleep :)

Ken-ST Moderator: ture

Ken-ST Moderator: true

gogo has logged out

georgie SNDA long at new HOD?

mac has logged out

Ken-ST Moderator: near a longer term support area

Ken-ST Moderator: sorry, resistance area

georgie OK, I've had a bad day so I'm not going to try and make up for my losses, tomorrow is another day

mac has entered DayTrading Chat

JP BEAS at HOD?

Ken-ST Moderator: INFY is very oversold

Ken-ST Moderator: but at a new lod

Ken-ST Moderator: market has no range at all

Ken-ST Moderator: no trend rather

jy INFY just made new lod

limey has logged out

Ken-ST Moderator: the stock is very oversold at this point

Ken-ST Moderator: we will hold off for now

bearrally has entered DayTrading Chat

Ken-ST Moderator: wb

jy ken, are you htinking of a Type C long for INFY ?

bearrally ken, i heard smoking pot help

bearrally lol

bearrally how do you sleep at night ken?

bearrally don't you start working at 2 am?????

jy bear, how is your mortage business ? i heard that foreclosure sadly is getting very busy.

limey has entered DayTrading Chat

bearrally jy, it is pretty dead, i haven't got any yet

bearrally knocking on wood

bearrally but all these 100% financing for 500 fico is scared the living daylight out of me

bearrally i don't do them, but it will hurt the entire industry in the long run

Ken-ST Moderator: no jy

bearrally just my opinion

Ken-ST Moderator: no type c

jy guess the housing market is bad

Ken-ST Moderator: stoch near overbought area

Ken-ST Moderator: James will be here

Ken-ST Moderator: ill brb

Ken-ST Moderator: 15 minutes

blk_lbl 63% mortgages are ARMS over here in VEgas there bearrally

blk_lbl not too pretty

bearrally blk, I reduce loan to value in nevada

bearrally and arizona

James-ST Moderator: imo, Bernanke and Fed.....contrary to what everyone believed is not done raising rates.....  after 20 rate hikes, they now have to address commodities inflation, which they did not factor in when they started.....we could see another 20 rate hikes.

johnboy agree, fwiw

mac has left the room

bearrally james, it's not an easy job

johnboy I still think Cramer should've got Bernake's job

James-ST Moderator: agree, the Fed could not have known commodities would go crazy like this

bearrally consumers keep going to their house to spend

bearrally there is no more free money

blk_lbl the whole housing slowdown though is huge....

bearrally most will be slaves to this systems

blk_lbl exactly what bearrally is saying

blk_lbl when people can't take money out of houses any more

blk_lbl no money to spend anywhere else

bearrally that is the ugly part that i don't know how we are going to get out

bearrally my company is cutting down spending left and right

blk_lbl ESCL

bearrally even through the boom of 02-05

ThePontiff has left the room

bearrally i think this system is screwy

James-ST Moderator: gang, don't let bearrally frighten you.......he bring doom and gloom wherever he goes.

blk_lbl lol

johnboy lmao

annabellab ESCL  hourly chart, looks an island forming.

James-ST Moderator: Once the market rallies, bearrally will go into hibernation and we won't see him again for another 2 months.

blk_lbl the momentum of it being the top nasaq gainer for the day is sending it up

blk_lbl everybody is seeing it at the top and wants a piece

James-ST Moderator: daytraders looking for action on a flat day, you could be right blk

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SHLD 156.57[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SHLD 156.57[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SHLD 156.57[/b]

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SHLD 156.57[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SHLD 156.57[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SHLD 156.57[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SHLD 155.19[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SHLD 155.19[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SHLD 155.19[/b]

georgie has left the room

blk_lbl ESCL!

bearrally James, stop spreading rumors about me

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

bearrally my problem is when i bet litte in the market, i get killed

bearrally but when i bet big, i come out good

bearrally if it wasn't for uncle sam, i would have been fine

bearrally but uncle sam is the worst partner you ever going to have

johnboy what did uncle sam do?

bearrally he raped me on april 17

bearrally lol

johnboy tax day?

bearrally yes

johnboy someone has to pay for that bridge to nowhere in Alaska, bear.......lmao

bearrally and vegas raped the day before that

Ken-ST Moderator: elmer fudd on TV

bearrally jb, lol

Ken-ST Moderator: homeboy sounds like Elmer

johnboy Douglas Kass sounds like a pretty sharp guy

johnboy he should be fed chairman maybe

blk_lbl made killing on ESCL....I'm out like a trout.... see you cats on the flippity-flop

ozzy tnx Ken 1% hit in SHLD

blk_lbl James keep passing out the nailpolish

blk_lbl has logged out

jy SHLD profit

annabellab WOW!

annabellab Great call! Yeah Ken and James!

jy come on ring the bell

Rube thanks guys.. have a good night

James-ST Moderator: slow day with a bell

Ken-ST Moderator: ty

James-ST Moderator: [img id=em-10]

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Ken-ST Moderator: great job gang

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

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

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

ozzy great call

Ken-ST Moderator: revenge is oh so sweet

jy market comind down SHLD going up

James-ST Moderator: one more for good luck

jy :) :)

Ken-ST Moderator: hope that took the sting out of the morning trade

jy revenge

jy that put me in profit

ozzy same here

jy ttttttttttttttyyyyyyyyyyyyyyyyyy

Ken-ST Moderator: gj

rdub1 thanks Kendall

jy great call

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Ken-ST Moderator: ty

Ken-ST Moderator: gj gang

Ken-ST Moderator: hard to squeeze anything out of this market todya

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Ken-ST Moderator: wb gogo

gogo hi

Penfold ty guys

Ken-ST Moderator: nice, good to see a lot of you capitalizing on that one

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bearrally james, what are you doing buying up shld?

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

bearrally got kill on that pretty bad

James-ST Moderator: 163.50 all time high.......will either hitits head on it, or plow through it in coming days

Penfold this is their biggest day in the past 6 month too...

bearrally they will be back in bk court in a few years

bearrally and rape shareholders like the last time

Ken-ST Moderator: just not fair

Cale okay so what did I miss?

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ozzy bye guys cu tomorrow

Ken-ST Moderator: ok ozzy, take it easy

James-ST Moderator: tc ozzy

Ken-ST Moderator: hey bob

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allegrobob hi - i'm a newby - so be gentle everyone

James-ST Moderator: ah, thought you were a bob we ahve

James-ST Moderator: welcome

allegrobob no problem

allegrobob thanks

James-ST Moderator: Very, very, very slow day for us......

James-ST Moderator: Yell out personal trades and stocks of note gang......

James-ST Moderator: Now is as good time as any to ask questions....

James-ST Moderator: bob, make sure to catch us in the mornings.....we have quite a bit of action then.

allegrobob Since I'm new, is there a doc with guidelines for using this service

allegrobob what time do you start here?

Ken-ST Moderator: we are here from 9:00 am est

Ken-ST Moderator: but start trading at the opening bell

Ken-ST Moderator: the first hour is the most active

allegrobob I've been trading for a number of years, and taken many classes - but this services sounds like what I need to help pull it together.

James-ST Moderator: you have read archived transcripts and such?

allegrobob some of them yes

James-ST Moderator: *if you need Cliff Notes, please see rdub....only guy in the world who has read all of them*

allegrobob do you use fixed or trailing stops

Ken-ST Moderator: our initial stops are the hod or lod

Ken-ST Moderator: Type A is a fixed 1.5%

Ken-ST Moderator: anytime we move the stop from the intial we post tot he room

allegrobob chat text is easier to read than the archive -

allegrobob are the stocks at the left the same as would be emailed?

alex thank you guys for the day! see you tomorrow

James-ST Moderator: ok take care alex

georgie thanks and goodnight

alex has logged out

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Ken-ST Moderator: ok georgie, alex

Ken-ST Moderator: take care

Ken-ST Moderator: not much to mention about the market

Ken-ST Moderator: stuck in a range

Ken-ST Moderator: stoch are up

allegrobob sorry - didn't mean to "whisper" --- how do you get back to the group

James-ST Moderator: just did......or you can click on your own name, will go to group

allegrobob oopps -- sorry everyone.  Fat fingered

allegrobob would be helpful for later study if transcipts had timestamps

James-ST Moderator: yes, need tech guys to figure that one out.....good suggestion

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]NBIX 19.24[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]NBIX 19.24[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]NBIX 19.24[/b]

Ken-ST Moderator: gang the stock trigger from a long ways away.

jy NBIX no share to short for me.

jy :(

allegrobob do you usually use limits order for short entry or mkt

Ken-ST Moderator: so fi you are not in you may want to wait for consolidation

moof no shares for me

Penfold wow... stopped out for me already

Penfold back in the red for me :(

Ken-ST Moderator Update!

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

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

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

johnboy penfold, it's too bad you're not colour blind like me, I am never red nor green

Penfold nice... how about black?

johnboy black is ok

Ken-ST Moderator: that was unusual

Penfold that was unusual and unfortunate

annabellab I watched that one from the sidelines.

Penfold lucky anna

Ken-ST Moderator: Not sure if the bid got down as well

annabellab :)

bearrally why is market selling ogg????

Cale ogg?  ogg = off?

Cale Profit taking

bearrally off

bearrally what profit

bearrally after 220 points yesterday??

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allegrobob nbix was a nice reverse

Penfold just touched BELOW The signal point...

Penfold anyone go contra on that one?

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Penfold see that .19 at the VERY bottom of the spike? That was me... yay

j5 hey guys, slow day

Penfold not for losing money... I'm doing that pretty fast :)

Ken-ST Moderator: sorry pen

j5 man, careful

Ken-ST Moderator: to hear that

Penfold just another learning day :)

Penfold nothing outside of my risk.... just have a healthy dislike of losing

j5 expen$$ive lessons? been there

j5 ok, that's cool penfold,

j5 hey 'kenny boy'

j5 just kidding ken, I watched the movie last night

annabellab K, headed out early today, Thanks Ken and James, one more good day!  Bye all.

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Ken-ST Moderator: cool anna take care

j5 hey ken, ever traded any weather derivatives?

Ken-ST Moderator: nope

Cale Ken/James not sure your %resulte is right

Ken-ST Moderator: just the S P X eminis

Cale should be 1.50%?

j5 k

rdub1 Cale NBIX hasn't updated yet ... should be even less than current posted

rdub1 I think

Cale right but -1 and 1 and 1 should = 1.5 not 1

Cale oh so NBIX is really closed?

Cale KENUPDATENBIXONTHELEFTTABLEPLEASE

rdub1 i thought it hit stop, right Ken?

Ken-ST Moderator: yes

Ken-ST Moderator: it did stop

rdub1 Cale your calc. is broken  ... -1, +1, +1 = 1

Ken-ST Moderator: sorry about that

j5 right:  -1 + 1=0 + 1= 1

Ken-ST Moderator: updated

Cale doh, ty rdub

Cale I need to go back and finish basic math in Junior High

Cale maybe me thinks I should retake spelling too

rdub1 that's what I'm here for

j5 cale, just be careful, with all the numbers going around in trading, it's easy to make mistakes like that, been there

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James-ST Moderator: Market new LOD

jy market suddenly dive

James-ST Moderator: Yes, no support

jy tough market

johnboy thanks for the day Ken/James, good discipline today and terrific SHLD afternoon trigger.......see you all tomorrow for the gap down open

James-ST Moderator: ok jb......wow jb you on the bear bandwagon too?

jy S&P broke the 3 month low at 1268.42

johnboy yeah, he's contagious

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jy this market is nut - looks like the bear has it now.

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jy market just jump off the cliff  5pts in 20 mins.

j5 hey james, i watched the enron movie last night, pretty crazy

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James-ST Moderator: no doubt they knew eh j5?

James-ST Moderator: ok gang i have to run

j5 hehe, ok james

j5 cu all tomorrow

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Ken-ST Moderator Update!

Ken-ST Moderator: [b]CANCEL ALL ALERTS:  30 MINUTES LEFT IN THE DAY[/b]

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Penfold alright... better morning tommorow... hopefully

Penfold c'ya!

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Ken-ST Moderator: Ok pen,

Penfold rdub!

Ken-ST Moderator: take it easy

Ken-ST Moderator: any questions?

Penfold I will... always do

Ken-ST Moderator: cool

Penfold looking at the 500 volume chart... it looks like I was the only one who bought in... (at least on the way down...

allegrobob thanks - look forward to tomorrow

Penfold ken, any rule of thumb to position size based on the stock?

allegrobob any veterans have any advice for a rookie?

Penfold like % of normaly volume, % of current trading volume? ken?

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Ken-ST Moderator: we just suggest traders approach trades with the same level of capital in mind, rather than the amount of shares

Ken-ST Moderator: its a common mistake the beginning traders make

Ken-ST Moderator: then you can adjust for how big your stop sis

Ken-ST Moderator: stop is

Penfold no, I'm doing that.  That was why I was lookingat SOO mant shares of NBIX...

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Penfold same $... but the stock is so thin that I just bought in SO deep to fill

Cale I just need to practice what I preach

Ken-ST Moderator: right

Ken-ST Moderator: the type A trdes are set at the start of the day

Ken-ST Moderator: take a look at NBIX, the stock came from long ways away

Ken-ST Moderator: and barely triggered

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Penfold so is that more of a warning?

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Ken-ST Moderator: well wait for consolidation near the lows

Cale I say YES it is

Cale but thats my .02 worth

Penfold you mean the spread might have been a bit wide?

Penfold price kinda choppy?

Cale Woooott, MGPI is going to fill the gap!!!!

bearrally where are all the sellers came from

rdub7 Ken how much of that NBIX spike down do u think has to do with insiders moving it there just to trigger a well-known entry point for new shorts?

Penfold test

Cale Was there News in the last hour?

Cale why the big sell off

Dan Insider had a margin call forced sale. Original news story mentioned sale but not that it was forced.

Dan about 100,000 shares

rdub7 ahh, thanks Dan

Ken-ST Moderator: sorry, gang, having slight comp problems

bearrally what happen to the market

Cale someone paniced

Ken-ST Moderator: rdub not sure at all about that

Cale and pushed the Dive button

bearrally someone??

Ken-ST Moderator: just that there is general support in that ara

Ken-ST Moderator: area

bearrally looks like everybody jumped shipp

Ken-ST Moderator: the stock was triggered on the momentum taking it down

Ken-ST Moderator: but it was more stray trades that did it

Ken-ST Moderator: if it were consolidating near that ear

Ken-ST Moderator: area

Ken-ST Moderator: you would have seen a more legit trigger if it had

rdub7 thanx

Ken-ST Moderator: sorry, the Type A we set the triggers at the start of the day

Ken-ST Moderator: we are obligated to send the triggers as they happen

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Ken-ST Moderator: but given time I will try to warn if there are concerns

rdub7 appreciate it Ken

Ken-ST Moderator: yw

Ken-ST Moderator: hope you can see what I am trying to explain about the quick move to the support area

Ken-ST Moderator: coming from a long ways away I would like to see some consolidation near the support area

Ken-ST Moderator: before pulling the trigger

claudia thanks ken/james

claudia bye everyone

rdub7 ya, quicker the fall, quicker the bounce

claudia have a great night

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rdub7 or maybe "more likely" the bounce is more accurate?

Ken-ST Moderator: the quick fall is often time emotions

Ken-ST Moderator: the move can often times be unsustainable

rdub7 Dan's explanation covered it I think

Ken-ST Moderator: adn more time is needed to consolidate that big move

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Ken-ST Moderator: ok gang, checking out here

Ken-ST Moderator: have a great evening

rdub7 u too sir

Cale me too

Cale thanks Ken/James

Cale L8er all

Ken-ST Moderator: have a great evening

Ken-ST Moderator is no longer a moderator

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Penfold later

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rdub7 later Pen, Cale

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rdub7 bye all ... have a great evening

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