8/31/05 Chat Session
Carson-PDT Moderator: gm all
hank: gm carson and all
Carson-PDT Moderator: gm Hank
renram22: gm all
Carson-PDT Moderator: gm Ren
Carson-PDT Moderator: gm Violet
Violet: gm Carson
Carson-PDT Moderator: gm AK
ak: gm all
Carson-PDT Moderator: gm Char
char: gm all
James-PDT Moderator: gm all
James-PDT Moderator: [img id=em-3]
Todd-Prophet Trader: gm everyone
Carson-PDT Moderator: gm Todd
Carson-PDT Moderator: gm Ally
Carson-PDT Moderator: any questions this morning?
ally: hey guys
James-PDT Moderator: hey ally
James-PDT Moderator: Whatever happened to Rob Insana?
James-PDT Moderator: Have not seen him on CNBC in ages
Carson-PDT Moderator: He's been
Carson-PDT Moderator: just later in the day
James-PDT Moderator: I know Glick has moved to one of those morning shows.......
James-PDT Moderator: hey jb
johnboy: Hey James, Carson, Todd & all the other usual suspects
Todd-Prophet Trader: gm jb
Carson-PDT Moderator: gm JB, JY
James-PDT Moderator: hey jy
jy: gm james, cars and all
Carson-PDT Moderator: gm Stan
Carson-PDT Moderator: gm Steve
Stanley: gm
James-PDT Moderator: hey stan, steve
Carson-PDT Moderator: Market Review:
Carson-PDT Moderator: Daily chart: below the 5 day EMA, stoch down
Carson-PDT Moderator: Hourly chart: downtrend
Carson-PDT Moderator: 5 min: uptrend
James-PDT Moderator: Watching the news last night.......truly incredible how much damage was done by Katrina
Carson-PDT Moderator: overall we still have a downtrending bias to the market
Carson-PDT Moderator: Futures look to be gapping up about 1.5 points, just above the p/d range
Carson-PDT Moderator: gm Njord
Njord: Gm Carson, James, everyone
Carson-PDT Moderator: gm Hunter
Hunter: : gm guys
James-PDT Moderator: gm hunter, njord
Carson-PDT Moderator: gm Johnny, Dennis
James-PDT Moderator: hey dennis, johnny
Johnny: GM gang!
dennis: gm Cars..all
Carson-PDT Moderator: gm Myrando
Carson-PDT Moderator: [b]Watching for Type A Buy on[/b] [b]INTU 45.13[/b]
Carson-PDT Moderator: [b]Watching for Type A Buy on[/b] [b]INTU 45.13[/b]
Carson-PDT Moderator: [b]Watching for Type A Buy on[/b] [b]INTU 45.13[/b]
myrando: gm Cars
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ARXT 33.81[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ARXT 33.81[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ARXT 33.81[/b]
James-PDT Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]INTU 45.13[/b]
James-PDT Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]INTU 45.13[/b]
James-PDT Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]INTU 45.13[/b]
Carson-PDT Moderator: ARXT is close
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]TRCA 11.41[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]TRCA 11.41[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]TRCA 11.41[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ADCT 20.91[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ADCT 20.91[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ADCT 20.91[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ADCT 20.91[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ADCT 20.91[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ADCT 20.91[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ADCT 20.91[/b]
James-PDT Moderator: ADDING MEDI TO TYPE B
Carson-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ADCT [/b]
Carson-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ADCT [/b]
Carson-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]ADCT [/b]
Carson-PDT Moderator: gm Bob
Bob: gm Cars
Carson-PDT Moderator: TRCA is close
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SIRF 26.18[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SIRF 26.18[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SIRF 26.18[/b]
James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MEDI 29.63[/b]
James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MEDI 29.63[/b]
James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MEDI 29.63[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]MEDI 29.63[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]MEDI 29.63[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]MEDI 29.63[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]MEDI 29.63[/b]
Carson-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]TRCA 11.41[/b]
Carson-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]TRCA 11.41[/b]
Carson-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]TRCA 11.41[/b]
Carson-PDT Moderator: Adding AGIX long to TYPE A
Carson-PDT Moderator: [b]Watching for Type A Buy on[/b] [b]AGIX 18.11[/b]
Carson-PDT Moderator: [b]Watching for Type A Buy on[/b] [b]AGIX 18.11[/b]
Carson-PDT Moderator: [b]Watching for Type A Buy on[/b] [b]AGIX 18.11[/b]
Welcome to ProDayTrading.com!
James-PDT Moderator has entered DayTrading Chat
Room is moderated
You can now talk
James-PDT Moderator has become a moderator
James-PDT Moderator: ADCT NEW LOD
dennis what's the stop on MEDI?
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MEDI 28.99[/b]
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MEDI 28.99[/b]
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MEDI 28.99[/b]
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MEDI 29.99[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MEDI 29.99[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MEDI 29.99[/b]
Carson-PDT Moderator Update!
Carson-PDT Moderator: SORRY
Carson-PDT Moderator: it is 28.99
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]TRCA 11.18[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]TRCA 11.18[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]TRCA 11.18[/b]
Carson-PDT Moderator: Market new HOD
johnboy dumped TRCA at 11.48, .50 too scary resistance, so now it can go to .75...........lol
Carson-PDT Moderator: lol JB
Carson-PDT Moderator: thats ok nice profit
Carson-PDT Moderator: Round number resistance at .50
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]INTU 44.94[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]INTU 44.94[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]INTU 44.94[/b]
kdecker has entered DayTrading Chat
Carson-PDT Moderator: gm Deck
James-PDT Moderator: hey deck
kdecker hey, GM
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ARXT 32.73[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ARXT 32.73[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ARXT 32.73[/b]
Hunter : hey Todd, could you look for some short shares for artx, Please ?
Todd-Prophet Trader Ok one moment Hunter
Hunter : thx man !
James-PDT Moderator: market sliding a bit..........below open
Hunter : sirf lod ?
James-PDT Moderator: nice hunter
James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SIRF 24.46[/b]
James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SIRF 24.46[/b]
James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SIRF 24.46[/b]
dennis has logged out
Sean has entered DayTrading Chat
Carson-PDT Moderator: gm Sean
Sean gm carson
James-PDT Moderator: Market new LOD......unable to hold any rally
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]TRCA[/b]
Carson-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]TRCA[/b]
Carson-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]TRCA[/b]
Sean able hod
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SIRF 24.46[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SIRF 24.46[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SIRF 24.46[/b]
Todd-Prophet Trader ARXT is good for 10k shares to short
Carson-PDT Moderator: tx Todd
Todd-Prophet Trader no problem
Johnny Stop on SIRF?
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TRCA 10.99[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TRCA 10.99[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]TRCA 10.99[/b]
Hunter : thx Todd !
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]SIRF 25.17[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]SIRF 25.17[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]SIRF 25.17[/b]
Carson-PDT Moderator Profit!
Carson-PDT Moderator Profit!
Carson-PDT Moderator Profit!
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SIRF [/b]
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SIRF [/b]
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]SIRF [/b]
Bob wow, that was a nice drop
Carson-PDT Moderator: very nice
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MEDI 29.10[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MEDI 29.10[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MEDI 29.10[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TRCA 10.99[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TRCA 10.99[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]TRCA 10.99[/b]
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]TRCA 11.22[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]TRCA 11.22[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]TRCA 11.22[/b]
Carson-PDT Moderator Update!
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]INTU[/b]
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]INTU[/b]
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]INTU[/b]
bearrally has entered DayTrading Chat
Carson-PDT Moderator: gm Bear
James-PDT Moderator: hey bear early today
bearrally morning
bearrally lol
bearrally just want to see if you guys are doing any better
Carson-PDT Moderator: Are you in China?
bearrally will leave in a few hours
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]TRCA 11.11[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]TRCA 11.11[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]TRCA 11.11[/b]
Carson-PDT Moderator: How long will you be there?
bearrally be back here on 9/9
bearrally how was yesterday
bearrally ran around all day didn't get a chance to look at the market
James-PDT Moderator: Market spiking..........
James-PDT Moderator: Market is all over the place today
James-PDT Moderator: Choppy day yesterday bear
bearrally at least action in futures
bearrally lol
James-PDT Moderator: Some nice runners
James-PDT Moderator: Speculation?
James-PDT Moderator: Everyone taking their best shor at a rally or fall........
James-PDT Moderator: shot
bearrally nah, will not touch anything this week
bearrally don't like the volume
bearrally try not to treat this like vegas
bearrally lol
James-PDT Moderator: lol
bearrally jy, what re you doing?
bearrally somebody please beat up mrk
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]MEDI[/b]
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]MEDI[/b]
Carson-PDT Moderator: Amazing, how you cant even locate a huge rig
jy bear, not too much. not a productive morning. except i went to my ATM - MOVI again - short it yesterday at 18.68 and exit this morning at 18.49.
Carson-PDT Moderator: Nice JY
bearrally jy, think that 's your stock, lol
bearrally been beaten it up pretty good
bearrally lol
bearrally good for you, at least someone is making money
steve has logged out
bearrally i don't think last year was this bad
jy i guess so - i shorted it back when it's at 25.11. exited too early at 10% profit.
James-PDT Moderator: yeah neither do i
jy trca profit
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]TRCU[/b]
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]TRCU[/b]
James-PDT Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]TRCU[/b]
James-PDT Moderator: TRCA
Sean has logged out
bearrally still riding shld
bearrally hopefully they will bk again
James-PDT Moderator: yeah just was looking at that........if the real estate bubble bursts that could really start gettting trouble
bearrally if that the case why not leap some builders
James-PDT Moderator: yep......the whole question is, "Is it a bubble and if it is, will it burst?"
bearrally greenie said it is
johnboy or rather, who cares if it's a bubble, the mantra to live by is "if it swells, ride it"
Carson-PDT Moderator: True
bearrally i think it is when my mechanic was showing how to invest in real estate
bearrally lol
johnboy bear, did you run into any celebrities lately?
bearrally jb, no
bearrally i don't hang around those area
bearrally but Jet li has a house a few block from where i live now
johnboy me neither, the only way that I would run into a celebrity would be to physically run into them with my truck on the road
bearrally jb, lol
johnboy Jet Li eh? cool--good movies
bearrally goog is in lod
Carson-PDT Moderator: [b]Cancel TYPE B alerts[/b]
Carson-PDT Moderator Update!
James-PDT Moderator: wow bear......have you actually met him?
ajax has logged out
Carson-PDT Moderator: lol
bearrally not yet
James-PDT Moderator: I heard he is only 5ft 3 inches or something like that
James-PDT Moderator: Market threatening HOD......which isnt saying much.......would put the market at flat
bearrally but my oldest son met him in hong kong a few yeares back
bearrally years
bearrally james, didn't know that
James-PDT Moderator: yeah......can't really tell in all his movies.....but if you ever saw Lethal Weapon 4, he looked pretty small compared to Mel Gibson and Danny Glover
johnboy does martial law mean you shoot looters on sight? or is martial law just a means to temporarily suspend civil liberties?
James-PDT Moderator: civil liberties suspended, curfew.......but shooting looters on sight would not be tolerated i think
johnboy I wasg
James-PDT Moderator: but man.......have you seen the news footage of all the looting? disaster bring out the animal in people
johnboy I didn't think so, I mean, maybe in Texas that would fly, but I am surpised that people behave that poorly---sad commentary on society
James-PDT Moderator: Market new HOD
bearrally yup, pretty sad
johnboy mob mentality, I suppose
James-PDT Moderator: yep
Carson-PDT Moderator: yup
Carson-PDT Moderator: You would think something like this would bring out the best in them
johnboy have a safe trip bear, and with that, off to walk the pooches and see you all in the p.m-----great runners today Carson/James (of course I missed SIRF)
James-PDT Moderator: ok jb see you in a bit
Carson-PDT Moderator: but then again, we really do not know what its like to be there
Carson-PDT Moderator: ok JB
bearrally take care jb
Carson-PDT Moderator: Any questions so far gang?
bearrally alright gang, i am going to take off
James-PDT Moderator: ok bear have a safe trip
bearrally have a great weekend
Carson-PDT Moderator: Ok Bear
Carson-PDT Moderator: You too man
Carson-PDT Moderator: have a great trip
bearrally has left the room
Carson-PDT Moderator: CDIS new Highs today
Carson-PDT Moderator: may be in play later
James-PDT Moderator: lmao......filling up an suv on cnbc........3 bucks a gallon
Carson-PDT Moderator: ARTX new HOD
James-PDT Moderator: "Whenever I watch TV and see those poor starving kids all over the world, I can't help but cry. I mean I'd love to be skinny like that, but not with all those flies and death and stuff."
--Mariah Carey
James-PDT Moderator: "I love California. I practically grew up in Phoenix."
--Dan Quayle
Carson-PDT Moderator: lol
Carson-PDT Moderator: It's surprising that you would post that about your favorite singer/actress
James-PDT Moderator: "Smoking kills. If you're killed, you've lost a very important part of your life,"
--Brooke Shields, during an interview to become Spokesperson for federal anti-smoking camp! campaign
Carson-PDT Moderator: lol
myrando has logged out
Carson-PDT Moderator: any questions gang?
hank I have a procedural question---how do you route your orders?
Carson-PDT Moderator: ARCA is probably the best route
Carson-PDT Moderator: with ARCA you really do not need anything else
Carson-PDT Moderator: Is that what you were asking about?
hank yes, that's exactly what I wanted to know--thks
Carson-PDT Moderator: ARCA will execute trades with any MM or ECN
Carson-PDT Moderator: SOES, only market makers
char has logged out
char has entered DayTrading Chat
Carson-PDT Moderator: wb
char ty
Carson-PDT Moderator: any other questions?
renram22 Carson, I have been executing through the Cyberexchange in Cybertrader and sometimes, I end up at 0.5% gain when i could have got 1%
renram22 I have not tried ARCA and will do so now
Carson-PDT Moderator: What is that?
Carson-PDT Moderator: Executions are important
Carson-PDT Moderator: and it will get better with time
Carson-PDT Moderator: I love unloading positions as it is going nicely in my faovr
Carson-PDT Moderator: favor
Carson-PDT Moderator: I have hot keys setup to throw a sell order out there on the offer
Carson-PDT Moderator: at the touch of a key
Carson-PDT Moderator: if there is nice momentum going in my favor, I will sell out on the offer, and get executed in no time
Carson-PDT Moderator: There are a couple reasons why I sell out on strong moves in my favor
Carson-PDT Moderator: 1, it is easy to get out
Carson-PDT Moderator: 2. If there is quick trading action and a surge after a steady trend, often times it could signal that its getting close to an end
Carson-PDT Moderator: I would stick around to find out
Carson-PDT Moderator: Ill get out when the going is good and forget about it
Carson-PDT Moderator: I never cry about leaving a party too soon
renram22 tks
Carson-PDT Moderator: As long as I had a good time that is all that matters
hank yes, thanks carson, and I totally agree about never looking back when there has been a profit. Sometimes I actually remove the stock from my watchlist entirely so I am not tempted to jump back in if I see a big surge
Carson-PDT Moderator: yup
James-PDT Moderator: Anything of note out there? Commentary? Stocks?
James-PDT Moderator: [img id=em-6]
jy Hope this won't come true:
jy SAN FRANCISCO (MarketWatch) --
At the retail level, the average price for regular unleaded stood at an all time high of $2.619 a gallon Wednesday, according to AAA's Daily Fuel Gauge Report. That's a full 40.8% above the $1.860 of a year ago. See the data.
And unleaded gasoline for September delivery climbed as high as $2.80 a gallon, a level that market has never reached before. See Futures Movers.
"This is shaping up to be a 1970s-style energy price shock," said Kilduff, in a note to clients.
And "$4 gasoline will likely be visited upon consumers in many areas," he said
James-PDT Moderator: 4 bucks.........
James-PDT Moderator: insane.........but the way things are going .........i would not be surprised already
Johnny Question for James or Carson: What is 'selling at the offer' and 'buying at the bid'? I always thought it was the other way around (buy at offer, sell at bid).
jy I think it may not be $4 but it'll be higher than now.
Carson-PDT Moderator: You may execute in one of two ways
Carson-PDT Moderator: you may be agressive and buy a stock from whoever is selling stock. That is buying at the offer
Carson-PDT Moderator: or you may take a more passive approach
Hunter : natural gas is doing the same thing, my share of a little well in oklahoma was 640.oo last month, this month 1145.00, and they tell me its going to get better/worse depending on your outlook !
Carson-PDT Moderator: put your buy order on the bid, hoping that someone sells the shares to you
Carson-PDT Moderator: by doing the latter you are saving yourself the spread. Spread being the difference between the bid and ask
Johnny So is this a good strategy to use all the time, or only if the stock has a lot of volume/liquidity?
Carson-PDT Moderator: If you have the stock moving in your favor, and you want to exit, it will make sense to place your order out there on the offer to sell out
James-PDT Moderator: neat hunter......owning a share of a well......
Carson-PDT Moderator: its like putting yourself in front of a moving car
Carson-PDT Moderator: You will get hit
James-PDT Moderator: my grandpa used to own a single oil well.......
James-PDT Moderator: lmao now that i think about it........
James-PDT Moderator: but i remember people in texas would put a single little pump in their yard......suddenly that looks like a good idea
Hunter : where was it ? and did it go dry
James-PDT Moderator: it as in texas.......no, he just sold it......didnt really make money
James-PDT Moderator: was
Hunter : there are single wells in the williston basin that pump over 1500 barrels a day, imagine that !
James-PDT Moderator: i dont know the numbers on those things, like how many gallons it has to pump a day, and who the heck do you sell it to? I mean what do you do? Hey chevron, my pump produced a barrel this week can you pick it up?
James-PDT Moderator: 1500? wow, see i have no clue on the numbers.......i was thinking like 1 barrel a day for those private ones people have int heir yard
Johnny Carson - how about when trying to get into a long position? What conditions do you think will make buy at the bid successful?
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James-PDT Moderator: hey sean
Sean hiya
Hunter : they have collecting tanks around smaller fields with gauges on the wells they collect quarterly and pay you then off the gauge
James-PDT Moderator: ah i see hunter
James-PDT Moderator: but man.......that would be cool, you know? have an oil well in your backyard.........heck even if you produced 20 barrels a months you are talking an extra 3500 on a job where you dont do anything......
James-PDT Moderator: no wait, that is only 1400.....still cool
James-PDT Moderator: [img id=em-0]
Hunter : had a gas well in one of my back yards paid pretty well also ran a gas line into my house so no heating bills, it however went the way of a divorce ! golly darn it ! ! lol
James-PDT Moderator: ah man that sucks
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James-PDT Moderator: how much did the gas well make a month? was the equipment/ upkeep high?
Hunter : just about got nasty with that suck word decided againest it ! lmao
Hunter : I got between $800 -1200 a month all maintenence was on them
James-PDT Moderator: that is pretty neat......
Hunter : actually losing it was worth it James, and it was neat for a while
James-PDT Moderator: hahahah
James-PDT Moderator: yeah, figures.....
Carson-PDT Moderator: wb Deck
Hunter : would adct been a good short trigger at 20.67 ?
jy Ally, do you still have your MOVI ?
James-PDT Moderator: hunt we will wait a little more
Hunter : hey Cars, was there a typo on elos like L instead of S, lol
Hunter : or James
James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ADCT 20.60[/b]
James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ADCT 20.60[/b]
James-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ADCT 20.60[/b]
James-PDT Moderator: Stop will be 20.81
James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MEDI 29.89[/b]
James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MEDI 29.89[/b]
James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MEDI 29.89[/b]
jy ADCT got stuck at .62
James-PDT Moderator: yep
James-PDT Moderator: ARXT is close to HOD......we will wait if it breaks HOD and consolidation for a trigger
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ADCT 20.60[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ADCT 20.60[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ADCT 20.60[/b]
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]ADCT 20.81[/b]
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]ADCT 20.81[/b]
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]ADCT 20.81[/b]
James-PDT Moderator: extremely tight stop, very liquid stock with minimum risk
jy ADCT before it dropped from 20.8 to 20.6 it has been side way around 20.8 for 2 hours.
jy hope it'll make anpother .2 drop here
James-PDT Moderator: lol......good thing we have another 2 hours
jy lol
jy james, please push ADCT
jy down
Johnny Where's Abe when we need him?
James-PDT Moderator: lol yeah
Johnny He need's to train someone else here to be the backup kicker
James-PDT Moderator: lmao
jy johnny - you are the man to do it.
Johnny I'm trying!!!
jy ty. kick it harder, plase.
Johnny I'm putting on my combat boots - that should help!
jy lol
James-PDT Moderator: steel toed construction ones will work
hank I'm under my desk in case you miss
James-PDT Moderator: lol
johnboy you guys shouldn't drink so much at lunch, I mean it's only wednesday!
James-PDT Moderator: Market right at 50 ema, stochastics down..........
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]ADCT 20.66[/b]
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]ADCT 20.66[/b]
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]ADCT 20.66[/b]
jy Ally, MOVI new lod 18.36.
Carson-PDT Moderator: very choppy market
Carson-PDT Moderator: market near the top end of recent intraday trading range
jy james/ cars, this market is crazy - trying to find a direction. up and down then down and up.
James-PDT Moderator: yep
jy choppy is the word.
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]ADCT 20.66[/b]
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]ADCT 20.66[/b]
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]ADCT 20.66[/b]
James-PDT Moderator: 3.25 FOR REGULAR.......wow
johnboy you guys are rookies, I've been paying $3.25Us/gallon for months up here in Canada
jy WMT broke 52 week low 44.75 at 44.7 earlier then came back to 44.93
James-PDT Moderator: wow WMT..........
James-PDT Moderator: interesting jy
James-PDT Moderator: wow, jb........your taxes are higher on average than the US too right?
jy swingtrade or type A. ? just crazy stuff.
johnboy yep, but what can you do
James-PDT Moderator: maybe a st jy
James-PDT Moderator: why are the taxes high? i understand the free medical care aspect.....but you don't waste 40% of your gnp on defense......or a couple billion this year on bridges connected 2 towns in alaska with one town with 35 people
jy CAT is up 2.4% on rebuilding equipment needs.
James-PDT Moderator: One analyst yesterday had a good point on Lowe's and Home Depot......they have only 2% of their stores in those areas.......
James-PDT Moderator: affect could be minimal
johnboy why are canadian taxes high? good question, we like to blame the french because it is expensive to make everything billingual and we are a rural nation so everything is spread around and Canada is bigger than the U.S. bet the same amount of people as in California so a small tax base........I guess/
James-PDT Moderator: ah very good point.....infrastructure....especially roads and rail for a country that big with the same amount of pople as Cali........
johnboy I feel bad for all the dogs and cats that died or were abandoned during the floods.......I haven't heard much about animals on CNN/CNBC
johnboy I shorted VLO at 108.00 today and covered at 107.71 when the doorbell rang, just checked that chart again..................just about made myself sick
James-PDT Moderator: wow
Carson-PDT Moderator: yike
Carson-PDT Moderator: yikes
hank just checked ADCT---that was a great stop call guys
James-PDT Moderator: yeah, just lowering as new resistance points were made........nice and tight
Hunter : time to go, have a good evening James, gang
Carson-PDT Moderator: MEDI nearing its HOD
Hunter has left the room
Carson-PDT Moderator: bye Hunter
johnboy here's a good quote that I just came across with regards to profit "It's never enough until you don't have it anymore"
jy MEDI close
Carson-PDT Moderator: So true JB
James-PDT Moderator: ah so true jb
Carson-PDT Moderator: people are rarely satisfied
johnboy I guess that it could be applied to lots of situations
Carson-PDT Moderator: Holding off on MEDI for now
James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MEDO 29.89[/b]
Carson-PDT Moderator: would like to see a consolidation
James-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MEDI 29.89[/b]
Carson-PDT Moderator: actually James is right
Carson-PDT Moderator: there is a tight stop note
Carson-PDT Moderator: noted
Carson-PDT Moderator: Its on gang
jy market just off new hod
Carson-PDT Moderator: ty JY
jy MEDI 52 wk highis 29.33
Carson-PDT Moderator: MEDI used to be a great trading stock a couple years ago
Carson-PDT Moderator: bu this entire year it has been in an annoying range
jy MOVI brokw donw -0.58 to 18.09. exited too early. hope Ally still has it.
James-PDT Moderator: [img id=em-5]
ally lol jy...i have been away from my desk all afternoon but i finally learned to use my alerts...was waiting for movi to get closer to 18.00
jy gj ally. still in.
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]MEDI 29.89[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]MEDI 29.89[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]MEDI 29.89[/b]
johnboy wow, CAFE clarification is insane. Only an oral agreement between Host and WMT
ally had to walk away for a couple hours...sick to my stomach...bought BSM this morning at 4.95 and held til 5.70 only to watch it go up to 6.20...sick because i didn't hold on longer...sick because i didn't buy much of it in the first place...lol
ally johnboy your 'profit' quote is great
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MEDI 29.63[/b]
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MEDI 29.63[/b]
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MEDI 29.63[/b]
johnboy sorry about your bsm ally, if it's any consolation, with my new DAS system, I can paper trade all day with a training account, and yesterday I couldn't decide if I should go long @3.60 on BSM, so I did in my training account.........I feel your pain, but whatever, I met my goal for today, so that's all I can ask for
ally also sick about VLO..made a little on it mon-tues when it was still in the low 90's...and looked at it today hitting 108
ally lol johnboy
James-PDT Moderator: ally......if you are like everyone else......no amount of profit will ever be enough
ally lol
johnboy hehe, great minds think alike and fools never differ, I too had a VLO faux ps (today)
ally :)
James-PDT Moderator: everyone loves profit though......so keep that in mind ally
James-PDT Moderator: sounds like you had some nice profitable trades........like hank mentioned, dont look back
johnboy faux pas (brainfart)
ally hey i knew that
ally lol
ally 1 yr french in high school
johnboy that's about what I took too (but over 2 or 3 years)
johnboy although I have worked with enough french speakers that you can't help but pick up the language
ally our french teacher quit, they didn't replace her, so i had to switch to spanish for 2yrs...talk about confusing
James-PDT Moderator: I actually took French for 4 years in high school......
James-PDT Moderator: but it was the same beginner class over and over again
ally lol
James-PDT Moderator: [img id=em-5]
johnboy lol
johnboy c'est dommage mon ami
ally uh...it's somethin my friend?? lol
ally high school was a long time ago
johnboy too bad/sorry my friend
ally lol
ak johnboy can you fix the typos. it is hard to undersatnd anything
ak lol
johnboy sorry ak, my fingers were one key over on the keyboard
johnboy an anglais sil vous plait (in english please)........and with that, I should go get a load of firewood, have a great evening everyone and see you all in the a.m.
ally see ya jb
James-PDT Moderator: laters jb
johnboy has left the room
jy INTU made profit. :(
James-PDT Moderator: yep.......[img id=em-9]
hank watching MEDI puts me in mind of the dentist's visit I had last year
hank when I had a tooth pulled
James-PDT Moderator: lol......darn market is in nice rally mode.......needs it to pullit along
Carson-PDT Moderator: JOYG new all time highs
jy market new hod
Carson-PDT Moderator: MEDI approaching that as well
hank xmsr has something going on---has anyone seen any news?
James-PDT Moderator: nice
James-PDT Moderator: gj gang........sharing bringin up other stocks of note.........
James-PDT Moderator: darn INTU............
James-PDT Moderator: pos
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James-PDT Moderator: [b]CANCEL FURTHER TRIGGERS..........[/b]
James-PDT Moderator: Questions, comments, commentary appreciated............
James-PDT Moderator: Market very nice rebound..........take a look at daily charts however...........
James-PDT Moderator: We are right at the 50 day ema.........let's see how this affects any more rallies........oftentimes you will see a slight break above it for a few periods followed by failure and continued trend, in this case down.........
James-PDT Moderator: The market, imo, will need a decisive break of the 50 ema followed by several more up days to break this downtrend........
James-PDT Moderator: Don't predict however.........just observe.......
James-PDT Moderator: Heck.......predict, write it on paper and see how it plays it in the next couple of weeks........
Carson-PDT Moderator: lol
James-PDT Moderator: [b]UPDATE: Moving stop to entry[/b] [b]MEDI [/b]
James-PDT Moderator: [b]UPDATE: Moving stop to entry[/b] [b]MEDI [/b]
James-PDT Moderator: [b]UPDATE: Moving stop to entry[/b] [b]MEDI [/b]
James-PDT Moderator: 30 appears to be a tough nut to crack
James-PDT Moderator: Let's go Medi let's end the day on a high note
jy jmae and cars. ty. cu tomorrow.gn.
jy i set stop to entry on MEDI .
jy has left the room
hank you're funny James, are you shaking the pom poms too?
James-PDT Moderator: yep
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ally jeez..BSM up to 6.48...opned today at 4.46
ally opened yesterday at 2.94
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]MEDI BREAKEVEN[/b]
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]MEDI BREAKEVEN[/b]
James-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]MEDI BREAKEVEN[/b]
Carson-PDT Moderator: wow
James-PDT Moderator: good job though......you caught some of it right?
Carson-PDT Moderator: what a move
ally that's like 125% in 2 days
James-PDT Moderator: Anyone recall that one stock a few months ago? 500% in ONE day? that was the most incredible thing i ever saw
ally i thought i was pushing my luck even buying it this morning, so i didn't buy much...in at 4.95 out at 5.70
James-PDT Moderator: good profit though............last time i checked that is about 16%
ally so what is the definition of chasing? lol
James-PDT Moderator: no idea.......but personally i hate jumping on stocks that have already made a move
ally yeah it's great...i am still getting better with picking my own...but still a little hesitant to put much $$ in it til the market picks up
ally that's what i was thinking this morning james...who knew it had so much move in it?
James-PDT Moderator: yep.....and when runners reverse......it can give it up in heartbeat
ally that's why i bailed quick at 5.70
James-PDT Moderator: ally keep it up....sometimes trades are made just from experience or "feel"......look at bearrally.....he tends to have good feel......however.........
James-PDT Moderator: note, even he will tell you he gets killed on overtrading and not stopping himself out.......
James-PDT Moderator: seems like you are getting a good "feel" for personal trades......that is an intangible skill.......just make sure you don't make needless trades just for the heck of it........and know when to cry "uncle"
ally bear busting up a few computers...lol
James-PDT Moderator: the market is stronger than anyone.......a stock will go whereever it wants to go.....no amount of begging or praying will bring a losing stock back to life if it doesn't want to.........so if you enter a trade and have a sotp in mind, and it gets stopped, get out........all part of the plan.
ally yeah...i am making these small trades instead of paper trading i guess...i think i get a better feel for it
ally enter with stop in mind is a good rule
James-PDT Moderator: yep......NEVER enter a trade if you can't identify a stop.....an area that you can handle and that you feel if a stock breaks that level means your trade is no longer valid.......
James-PDT Moderator: otherwise, you are just trading with no plan
ally i am much better than i was a couple months ago...but still do some dumb things every once in a while
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