10/04/05 Chat Session
James-ST Moderator: gm guys
Alaska gm
char has entered DayTrading Chat
char gm guys
James-ST Moderator: hey char
James-ST Moderator: If you guys see anything of note yell it out
jose has entered DayTrading Chat
James-ST Moderator: hey jose
jose gm, James, everyone.
jose has logged out
jose has entered DayTrading Chat
ak has entered DayTrading Chat
ak gm james, all
Todd-SOF Direct has entered DayTrading Chat
James-ST Moderator: hey ak
Todd-SOF Direct gm everyone
ak seems like a long day.
Alaska SMTS had a strong breakout yesterday
ahk J sup
ahk LXK?
James-ST Moderator: yes, nice break out there
James-ST Moderator: lexmark?
James-ST Moderator: holy smokes
James-ST Moderator: wow
James-ST Moderator: lets add ty ahk
ahk np, just extend my FREE subsciption
Alaska LYK or LXK?
Eric has entered DayTrading Chat
James-ST Moderator: ah, ty alasak
James-ST Moderator: ahk.....we will send you a coupon
James-ST Moderator: for a free Big Gulp with your choice of soda
James-ST Moderator: hey eric
Eric GM
kim has entered DayTrading Chat
James-ST Moderator: hey kim
ahk JOYG trading over trigger in pre market
pvg6799 has entered DayTrading Chat
James-ST Moderator: hey pvg
James-ST Moderator: yes ahk
James-ST Moderator: cancel for now
pvg6799 gm
James-ST Moderator: as always, any type a's that gap above trigger are void
ally has entered DayTrading Chat
James-ST Moderator: hey ally
ally hey guys
Alaska I'm trying demo of IQ
James-ST Moderator: [b]ADDING AMSG[/b]
James-ST Moderator: let us know how you like it.....and make sure to give todd here a hard time, ask him lots of questions
James-ST Moderator: LXK is NYSE.......the rest aren't exactly great gappers.......expect to cancel some watches........
Bob has entered DayTrading Chat
James-ST Moderator: hey bob
Bob Hey James
James-ST Moderator: good weekend?
Bob yes, summer like weather here in Mich
James-ST Moderator: nice
Bob supposed to be mid 80's today
James-ST Moderator: vn
Bob you solo today
jy has entered DayTrading Chat
James-ST Moderator: hey jy
James-ST Moderator: yes, until Thursday i believe
James-ST Moderator: not sure
jy gm
James-ST Moderator: still waiting for bearrally to come in......ever since bear and ken were suppose to meet at Mickey land have not seen or heard from both, lol
Bob lol
James-ST Moderator: JOYG is open
James-ST Moderator: active, not open
James-ST Moderator: All Type A's are close
Njord has entered DayTrading Chat
James-ST Moderator: hey njord
Njord Hi James, all
Hunter has entered DayTrading Chat
James-ST Moderator: hey hunter
Hunter : gm James, Todd
Todd-SOF Direct gm Hunter
James-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]JOYG 51.40[/b]
James-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]JOYG 51.40[/b]
James-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]JOYG 51.40[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PLAY 31.14[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PLAY 31.14[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PLAY 31.14[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]FWLT 33.36[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]FWLT 33.36[/b]
James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]FWLT 33.36[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMSG 22.86[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMSG 22.86[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMSG 22.86[/b]
kehsha has entered DayTrading Chat
James-ST Moderator: hey kehsha
kehsha hello
James-ST Moderator: AMSG RELATIVELY CLOSE
James-ST Moderator: PLAY, FWLT relatively close
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]FWLT 33.36[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]FWLT 33.36[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]FWLT 33.36[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PLAY 31.14[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PLAY 31.14[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PLAY 31.14[/b]
Eric stop on fwlt?
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LXK 44.99[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LXK 44.99[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LXK 44.99[/b]
James-ST Moderator: 32.80 ERIC
James-ST Moderator: All Type B's are initially the LOD / HOD
James-ST Moderator: LXK relatively close
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]LXK 44.99[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]LXK 44.99[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]LXK 44.99[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LXK 46.35[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LXK 46.35[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LXK 46.35[/b]
James-ST Moderator: NYSE....will keep it loose
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]PLAY[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]PLAY[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]PLAY[/b]
James-ST Moderator: PLAY, we will look for consolidation and a short trigger......pos
eric has entered DayTrading Chat
James-ST Moderator: hey eric
Eric has logged out
eric what was the stop in LXK
James-ST Moderator: 46.35
dennis has entered DayTrading Chat
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PLAY 30.44[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PLAY 30.44[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PLAY 30.44[/b]
James-ST Moderator: hey dennis
Todd-SOF Direct has logged out
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOYG 51.14[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOYG 51.14[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOYG 51.14[/b]
ahk chkp
James-ST Moderator: [b]Watching for Type A Short on[/b] [b]CHKP 24.51[/b]
James-ST Moderator: [b]Watching for Type A Short on[/b] [b]CHKP 24.51[/b]
James-ST Moderator: [b]Watching for Type A Short on[/b] [b]CHKP 24.51[/b]
James-ST Moderator: ty ahk
ak buy
ahk long
James-ST Moderator: [b]Watching for Type A Buy on[/b] [b]CHKP 24.51[/b]
James-ST Moderator: [b]Watching for Type A Buy on[/b] [b]CHKP 24.51[/b]
James-ST Moderator: [b]Watching for Type A Buy on[/b] [b]CHKP 24.51[/b]
James-ST Moderator: ah ty again ahk
James-ST Moderator: AMSG relativley close as well
James-ST Moderator: We will short PLAY LOD
ahk wht is amsg trigger?
James-ST Moderator: LOD 22.86
ahk ty
Hunter : Todd no short shares available for play or fwlt, could you check please ? thx
Todd-SOF Direct No problem Hunter.
eric FWLT stop at LOD?
James-ST Moderator: yes eric
Hunter : nope
Hunter : do pro & IQ have different availability for shorts ?
Todd-SOF Direct Should be the same, unless updated
James-ST Moderator: FXEN no HOD trigger, resistance on daily chart noted
ak FWLT not looking good
Hunter : yes I'm on das trader pro
Hunter : lol
James-ST Moderator: PLAY........that is a mean shake out.........
James-ST Moderator: CHKP close
Alaska Is play long again?
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]FWLT[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]FWLT[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]FWLT[/b]
Bob has logged out
eric this is brutal
James-ST Moderator: yes
ak darn two in row
James-ST Moderator: very valid triggers
Alaska yes PLAY is long again?
dennis has logged out
James-ST Moderator: PLAY, if you enter, you may have to use LOD as stop again
ak PALY hit target .POS
Alaska going up too fast now, not sure I want to risk it on PLAY
James-ST Moderator: [img id=em-9]
James-ST Moderator: Market new HOD
James-ST Moderator: Sorry about PLAY and FWLT......triggers were there, and those were very relevant stops
Alaska Glad I'm staying small today, first time with this.
Eagle has entered DayTrading Chat
James-ST Moderator: hey eagle
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOYG 51.29[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOYG 51.29[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JOYG 51.29[/b]
jose has logged out
kim has logged out
jose has entered DayTrading Chat
James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]JOYG [/b]
James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]JOYG [/b]
James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]JOYG [/b]
James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]JOYG [/b]
James-ST Moderator: CHKP remains right below trigger
Alaska has logged out
Alaska has entered DayTrading Chat
James-ST Moderator: wb
James-ST Moderator: [b]Watching for Type A Buy on[/b] [b]CHKP 24.51[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]JOYG BREAKEVEN[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]JOYG BREAKEVEN[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]JOYG BREAKEVEN[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]JOYG BREAKEVEN[/b]
jy JOYG stopped
Hunter : this is becoming a very long day !
James-ST Moderator: yes, who said this would be a long day when they entered?
ak me
James-ST Moderator: ally.......that funny looking guy is on CNBC now
James-ST Moderator: premonition ak?
ally lol james i was waiting for you to say something
James-ST Moderator: There goes that pos PLAY, new HOD
ak I meant it the tehr way though as wall the plays were on the buy side.
ak other
ally ener
James-ST Moderator: oh...lol
jy PLAY new HOD 31.75
ally sorry wrong screen...lol
James-ST Moderator: You shorting it now ally?
ally just watching it
Alaska Stick with the plan on LXK still?
kim has entered DayTrading Chat
James-ST Moderator: I hate those NYSE stocks......have to keep a large stop on them.......so yes alaska
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]FWLT 32.67[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]FWLT 32.67[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]FWLT 32.67[/b]
James-ST Moderator: 24.51 is incredible resistance for CHKP
eric why do we risk so much for a 1% return?
James-ST Moderator: we try to keep tight stops, but our stops are based on resistance........sometimes it may be on the larger side.......LXK......is an example why we try to avaoid NYSE stocks........the MM's yank those stocks all over the place......
James-ST Moderator: Market is in its third day of nothing.......we are exactly where we closed last week Thursday
Alaska WYE? a short play? broke out today
James-ST Moderator: I would look for confirmation for a downside.....and if it triggers set a stop a new HOD.....
jy SNDK at $50 up1.81
jy $50.1 SNDK wow
James-ST Moderator: very ncie breakout
jy yep 52 wk high
ally brcm
jy SNDK should have been on TYPE A, too bad.
James-ST Moderator: yes very good eye jy, almost perfect except that candle was quite long yesterday upon close.....
ally sorry i did not see it sooner
James-ST Moderator: almost the exact chart as SNDK
jy LEXR and SNDk same chart today so far.
James-ST Moderator: Connect the dots using a straight line.........Thursday's close to our present point......1233 on the S&P Futures
jy SNDK is also a short squeeze - it has 11.75 M shares shorted.
James-ST Moderator: Flash memory ships
Alaska Nano driven (IPOD Nano)
Hunter : fxen lod ?
James-ST Moderator: Close to lunch we will not issue, use that rally to 12.45 as a stop if you short it
Alaska Lunch? It's 7am here, this sucks with the time difference :)
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LXK 45.87[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LXK 45.87[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LXK 45.87[/b]
eric LXK needs to drop like a rock!
jy PLAY new hod 31.81 :(
James-ST Moderator: yes.......can't explain that 5 cent stop out.....
Alaska LXK has a downtrend overall since 5:56 right? Keep our fingers crossed....
James-ST Moderator: [img id=em-9]
James-ST Moderator: Yes alaska, on the 5 minute chart it has yet to close above the moving averages.......
James-ST Moderator: *crosses fingers*
James-ST Moderator: FWLT is a valid trigger with a stop at 33.01
James-ST Moderator: [b]CANCEL ALL TYPE B TRIGGERS EXCEPT FWLT, WILL LEAVE OPEN UNTIL 11.30 EST[/b]
jy SNDK - moving up like a rocket. no stopping. over $51. tempted but .....
James-ST Moderator: hmmmmmmmm
James-ST Moderator: stochastics overbought on all levels......can't find you a good stop unless you use a close below the previous 5 minute candle
Alaska for a short?
James-ST Moderator: Not only do they do flash memory, but they also foudn the cure for cancer
James-ST Moderator: no, we do not short stocks making all time highs.......
James-ST Moderator: Our experience has shown that calling a top on a stock breaking out to an all time high is near impossible......eg, when GOOG had the incredible run up.....people would short and it would go up another 25 points......
jy yep. I totally agree.
James-ST Moderator: You may get it right eventually, if you keep shorting but the risk to reward is just not there
Alaska I agree for sure, no telling where SNDK will stop, increasing volume is clearly there as it rises
jy SNDK - it's making higher high
James-ST Moderator: We only short when we can find overhead resistance.....in SNDK's case.......nothing above it to hinder it
James-ST Moderator: you got it alaska
ahk fxen cant borrow...may be a blessing in disguise
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LXK 45.65[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LXK 45.65[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LXK 45.65[/b]
James-ST Moderator: IF you can see the 1 minute chart of LXK, you can see how the stops are tightened
ahk J I read a study that showed traders who play nrew high breakouts on stocks have a 37% hit rate
James-ST Moderator: Those rallies to the 20 ema on 1 minute chart......
James-ST Moderator: wow.....
James-ST Moderator: either way.....short or long must be rough
James-ST Moderator: Usually the second break out is best
ahk not talking about HOD, but new yearly or all time highg
James-ST Moderator: yes, i am talking about the second break out as well......obviously would not be the case in SNDK .....but as jy noted, huge short interest.........they are probably covering like crazy
Hunter : damn, Ithought the raming rose of texas was a female ! lol
James-ST Moderator: actually though, SNK broke out yesterday and failed......today would have been the second surge
James-ST Moderator: SNDK
Hunter : rambling
James-ST Moderator: lmao hunter
Alaska almost break even on LXK now.....
James-ST Moderator: NYSE stocks are controlled by crooks......as evidenced by recent jail time for those guys.......they can manipulate a stock so much...
ahk buy nyse on ecns
James-ST Moderator: ESRX triggered for us yesterday? pretty good follow through
James-ST Moderator: FXEn would have been a trigger at 12.14
James-ST Moderator: Questions or comments?
James-ST Moderator: Feel free to vent .......
James-ST Moderator: Market stochastics are down...slightly below 50 ema......note market is essentially breakeven again ........
Alaska fxen would have been a trigger to do what at $12.14? Why?
James-ST Moderator: [b]CANCEL FWLT WATCH[/b]
Alaska A short on fxen because of premarket drop?
James-ST Moderator: 12.15 was LOD......short trigger 12.14, note during lunch we do not enter hwoever
James-ST Moderator: FXEN? no it gapped open.....unsustainable gap
Alaska oops, my 5 min chart of on the wrong day...
James-ST Moderator: [img id=em-8]
Alaska was on the wrong day
Alaska Folks using SOF IQ, is there a way to enter comments in the watchlist to save reminders, etc? Can't find it and I think Todd went to lunch.
James-ST Moderator: hmmm.......not sure myself......anyone else who has IQ? or we will have to wait for Todd to get back
Todd-SOF Direct how many shares did you trade in total?
Todd-SOF Direct sorry that was for private. lol
Todd-SOF Direct If you change it to .012 would be more realistic for you.
Todd-SOF Direct darn did it again
jy JOYG alarm - new hod 52.08. too bad.
eric I hate when that happends
James-ST Moderator: very rough day
eric happens
eric I am going to have to start drinking
Hunter : yes somedays it helps ! lmfao
James-ST Moderator: lmao
James-ST Moderator: taking 20 minute lunch here
Hunter : or, go up a hill , pee into the wind and you then know it could be worse ! lol
eric Hey Hunter. How long have you been doing this
eric trading
Hunter : overall about 2 1/2 years, with this outfit about 4 months
eric Thanks. I am trying to figue out it I can stomach this. Its so much easier when we make money :)
Hunter : abso- frickin-luetely, just stay with your risk tolerances keep a log and hang in thier if it was easy everbody would be doin it ! good luck
Alaska James, are we moving our stop on LXK?
Alaska I am
Hunter : ie, eric sometimes thier stops are more than I can tolerate and I get out and watch, if it turns around I get back in, like joyg this mornin
eric thanks, good to know
Hunter : the discipline these folks teach has kept me goin, cause I was thinkin about pullin the pin on this type of work
Hunter : but how many jobs can you do sittin around in your boxers scratchin yourself !lmao
eric so have you made money since you have started?
Alaska Hunter, seems like tight stops going long before 10AM EST is a bit risky except with something that is on a real strong breakout.
Hunter : yes not as much as I lost the previous 2 years, however I'm gettin more back every month ! ! lovin it !
Hunter : I rarely trade the first 10 min of a day, my rule not thiers
Hunter : and I very very seldom trade nyse stocks, don't trust those bast---- to much flim flam 1
eric Ok I will stick with it one more month
eric I would hate to have to start showering again
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LXK 45.27[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LXK 45.27[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LXK 45.27[/b]
eric hey james
eric How about PDLI?
Hunter : are you dividing your resources by 3 or 4 to control your losses if it happens that way ?
James-ST Moderator: PDLI all time high 30.80, watch out for initial resistance there
James-ST Moderator: lol hunter, peein in the wind
James-ST Moderator: [img id=em-5]
James-ST Moderator: JOYG....grrr.....Type A valid......perhaps should have left loose stop
Hunter : yeah showering at 5:30 in the mornin is rude, and hangin 1 more month is good, perserverance is also key
James-ST Moderator: FWLT stay right here through lunch......give us a nice short trigger and fill that gap
James-ST Moderator: No excuses.......but quite frankly eric.......the last 3 months have been the worst 3 months i have seen......not only is the market not doing much.......but we are getting lousy moves with 2 hurricanes and oil.........
James-ST Moderator: Pull up your chart of the SPX.......we are EXACTLY where we were 3 months ago in early July.........not only that but the high on the SPX was 1240 and low 1200......very much a range for the market
Hunter : I agree although the first month I was here was spent breakin a lot of bad habits, expensive bad habits at that
James-ST Moderator: hunter only 4 months you been with us? wow seems like a year or so
eric can you share some of those habbits?
Hunter : coulda been who keeps track ! lmao
James-ST Moderator: [img id=em-8]
James-ST Moderator: ally, our resident Bush fan.........
James-ST Moderator: i have a good joke for you
ally lol
James-ST Moderator: Donald Rumsfeld is breifing the president, as he does every day. He concludes by saying "three Brazilian soldiers were killed."
James-ST Moderator: "Oh No!!!" the president exclaimed, "that is terrible!!!"
James-ST Moderator: The staff is stunned with the display of emotion , nervously watching as the president sits with his head in his hands.
James-ST Moderator: Finally , the president looks up and asks, " how many is a brazillion?"
ally ha ha ha
ally lol james
James-ST Moderator: [img id=em-0]
ally thatnks for entertaining me today...lol
Hunter : chasin was a big one, thinkin the stock would turn around in my direction (no set stops) not dividing my funds up proportionately, lettin a winner turn into a loser through greed (tryin to back up for a past loss) not keepin my emotions under control, to name a few, damn lucky I made it this far lol
ally here's one from my dad...gotta retype it though...it was sent in a graphic...titled 'why algebra is important'
ally 1-to find a woman you need time and money, therefore woman=time x money
ally 2-"time is money" so
ally time=money
ally 3-therefore women=money x money or woman=(money)2
ally 4-money is the root of all problems, so money (square root of problemms)--no key for that one
ally therefore woman= (square root of problems)2
ally si woman=problems
ally so
ally guess it is funnier if you can see the graphic
ally lol
James-ST Moderator: lol
James-ST Moderator: get the idea
Hunter : my divorce decrees don't allow me to say anything about that ally ! lmao
ally no cutting and pasting pictures in here huh
ally lol hunter
Hunter : wow your rite James been here since Jan 05, man time flies when your havin fun !
James-ST Moderator: hahaha
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]LXK 45.27[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]LXK 45.27[/b]
James-ST Moderator: [b]STOPPED Consider exit in[/b] [b]LXK 45.27[/b]
Alaska Speaking of females, PLA (playboy) just met breakout criteria coming out of a handle
James-ST Moderator: vn, every guy should keep that in their portfolio
James-ST Moderator: Market still dead flat........going on three days with barely a move
Hunter : seein any early triggers James ?
James-ST Moderator: FWLT still looks very nice .......
James-ST Moderator: you can short that hunter
James-ST Moderator: if we enter a stop at 33.01 would be about 1% risk
Hunter : ok thx
ak and what if it makes new HOD?
James-ST Moderator: Will evaluate as it nears.....
James-ST Moderator: still trading below it s open....stochastics coming down.....we will see
ally anybody watching cnbc? what a loaded hummer...$680,000
ak it seems it wants to go up. it has a bump on its head as it is trying to brak aaway from 32.95-33.03 range. lol
ak break
ally my sister got married this summer..she's in the army....her' 'getaway' vehicle...a hummer..to the surprise of her new hubby....one of the guys in her unit was the chauffer...lol
James-ST Moderator: military hummer?
James-ST Moderator: or civy hummer?
ally yup...desert cammo
ally mil
James-ST Moderator: wow, they let her use one? cool
ally her buddy driver wore his cammo too
James-ST Moderator: hahahahha
James-ST Moderator: heard they plan to phase it out.......
James-ST Moderator: not enough armor or the chassis to support it
ally yeah they just used it from the church to the reception...took the doors off of it...was a big joke for her husband
James-ST Moderator: just think......if not for Governor Arnold we would never see them
James-ST Moderator: I heard Governor Arnold get s a new Hummer every year
James-ST Moderator: heck, if i was them i would give him 10 a year.........he did everything for them
James-ST Moderator: free hummer every year that is
ally lucky
James-ST Moderator: not lucky.....he was the one who wanted civy versions......and made them what they are
James-ST Moderator: heard he still sits on the desing board as well......lol
ally i did not know that
James-ST Moderator: ally, pick up an H2.....
James-ST Moderator: very nice
ally give me a couple yrs...dave's still in training...lol
James-ST Moderator: yep.....when they were stricly military he asked Hummer to make him one......he used to drive one around Hollywood....next thing you know everyone is asking Hummer for one......so they started their Civilian Division.....they still credit Scwarz......so they give him a Hummer every year for life.....and put him on the design team
ally wow that is cool
James-ST Moderator: as fi he wasn't rich enough already.......
James-ST Moderator: you must be a fan of him ?
James-ST Moderator: i like him......good Republican......rich enough that he is not influenced their in Canada
James-ST Moderator: What is really amazing is that he married a Kennedy......i saw his wife on Oprah.....totally hilarious how she recounts their early days
ally i wouldn't say i'm a huge fan, but i admire him for doing what he's doing in the hollywood state
James-ST Moderator: there in california ......need coffee
ally never thought his acting was that great
ally lol
James-ST Moderator: Not a good actors.......just got good roles on films that are entertaining and big budget......a Republican marrying into the first family of Democrats.......amazing
James-ST Moderator: see..........cats and dogs can get along
ally hmmm...how long have they been married?
James-ST Moderator: sheez.......15-20 years?
ally that amazes me...if dave did not have the same general opinions as i do, i think that would be such a challenge
James-ST Moderator: she also gave up her job as new anchor.......that is amazing too.......conflict of interest........being that her husnband is a governor
James-ST Moderator: news
ally yeah i remember when she was an anchor...did not realize she gave it up
ally that is so sweet
ally lol
James-ST Moderator: hahahah
James-ST Moderator: sarcasm?
ally of course not :)
ally no from what i've seen of her, i like her
ally i don't dislike all democrats james, give me some credit...lol
ally did you know harry reid is LDS
ally ?
James-ST Moderator: lol [img id=em-5]
ally i've struggled a bit with that one...lol
James-ST Moderator: hmmm........telling you ally.....that would never surprise me.....my long term prediction......in a few hundred years everyone will be Chinese and LDS
ally called pres bush a looser a while back (and apologized)
ally i thought that was not very nice
Alaska ANy more trading planned in the next half hour?
ally lol james....mitt romney, orrin hatch, steve young, gladys knight, thurl bailey off the top of my head
ally although none of them are chinese
ally lol
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]FWLT 32.67[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]FWLT 32.67[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]FWLT 32.67[/b]
James-ST Moderator: PLAY stuck in the middle of the day's range will evaluate if it approaches either the HOD or LOD
ally wow...finger cell phone only $44k
James-ST Moderator: holy cow
ally wow snkd 52.63
ally sndk
James-ST Moderator: AMSG........on 5/2 of this it made a low that the stock tested today.....some resistance there, buyers come in at that level.......stock is also coming off of oversold levels.........
James-ST Moderator: SNDK ally.......why we do not short stocks breaking to all time highs........
ally i got lucky on that one...got in at 47.65 on 9-30
James-ST Moderator: still in ally?
ally yeah
James-ST Moderator: 5 day trade on a breakout?
James-ST Moderator: very nice
ally very lucky
James-ST Moderator: *golf clap*
ally been trading it off & on for the past month or so
ally 9% today
James-ST Moderator: FARO stuck in the day's range no triggers
James-ST Moderator: LXK.....darn NYSE will lay off of it for now
James-ST Moderator: LXK
jy ERES long at new hod 16.01 stop at 15.84 ?
James-ST Moderator: always a good trade if you enter with a plan......
James-ST Moderator: carefule though.......looks like the 16ish area is resistance on daily chart
James-ST Moderator: careful
James-ST Moderator: cant type today
jy ty james
James-ST Moderator: Somebody find bearrally......we need his market commentary......
James-ST Moderator: hey Todd what do you make of these 3 flat days on the market?
Todd-SOF Direct Hehe. You know that Im a bear right now .
Todd-SOF Direct So I would say calm before the storm.
Todd-SOF Direct What is your opinion?
James-ST Moderator: none
James-ST Moderator: i think the market is flat cause it wants to be
James-ST Moderator: [img id=em-6]
James-ST Moderator: lol, no clue
Todd-SOF Direct Yeah, surprisingly flat
James-ST Moderator: alaska, new guy here......what is your take on the market......say longer term
ally okay time to change channels james....cnbc's political analysts annoy me
ally lol
James-ST Moderator: pretty much any analyst on CNBC annoys me
ally lol
Alaska I just got showered and am back James, my take on the market? I don't know enough, honestly. Seems like Individual Investors want badly to be in the market, you can see it with all these mini rallies, and insitutions as well, but the insitutions run and hide so quickly with the least bit of news. Seems like day trading is the only way to make money unless somehow you know which stocks to hold long (as in SNDK in July).
jy AMSG short at 22.86 still valid ?
jy close
James-ST Moderator: nice take.....i lean that way....the market wants higher...but there is so much worry with oil, interest rates, and uncertainty that any rally is unsustainable
James-ST Moderator: No, lets not play this initial break on AMSG
James-ST Moderator: We noted that buyers came in at these levels before........and stock has been oversold for awhile.
jy ty
James-ST Moderator: on 2/23 this year buyers stomred in on AMSG when it got to these levels......let's see what happens if we break it here......if we some kind of bounce may look for a Type C entry.....if no bounce....will wait for consolidation and perhaps enter
jy o.k. let's watch AMSG it did trigger
Alaska Darn, I pulled the trigger at 22.84 and it jumped up just before I got it!
James-ST Moderator: playing like a Type C?
James-ST Moderator: very nice.....use a new lod as a stop
Alaska I meant I didn't get it, was a penny away
James-ST Moderator: ah jy.....big bounce.....example here why using the daily charts and seeing that buyers came in at these levels would be cautionary to shoring it
James-ST Moderator: ah, i see alaska.......
Alaska why in the world did it jump so high?
jy GJ James.
James-ST Moderator: FWLT
Alaska a bunch of computer triggered orders all trying to get stock at once?
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]FWLT 32.67[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]FWLT 32.67[/b]
James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]FWLT 32.67[/b]
James-ST Moderator: Market sliding a bit here gang
James-ST Moderator: Keep your 5 minute charts of the SPX open....."heartbeat" of the market
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]FWLT 33.01[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]FWLT 33.01[/b]
James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]FWLT 33.01[/b]
James-ST Moderator: agree alaska
jy LXK pos 44.85
James-ST Moderator: too much manipulation by those Market Makers......they can do whatever they want it seems
jose that's a fact
James-ST Moderator: yes
Hunter : James I do think its time to kill a chicken, dance with a snake and burn some incense, cause this group musta pissed the trading gods off ! lmao
James-ST Moderator: hahahah
James-ST Moderator: yes, one of those days.....triggers stop, stock hits profit.....
James-ST Moderator: [img id=em-9]
Hunter : and now to go over my religious background ! lmao
Hunter : not
Alaska has logged out
Alaska has entered DayTrading Chat
James-ST Moderator: ab alaska
James-ST Moderator: wb
eric LXK POS!!!!!
Alaska the panel on the left won't load sometimes, and it forces me to refresh which logs me out
James-ST Moderator: Market at the lower end of the range we have seen the last 3 days.......if the current trend holds true we will see support here
James-ST Moderator: yep, happens alaska
Alaska lexr bouncing up, got some riding up
James-ST Moderator: yeah eric....we try to avoid NYSE stocks.....
jose GOOG new LOD
James-ST Moderator: ty jose.....good, always bring up stocks on the move......strategy or not.......others may find them of use
James-ST Moderator: 972 dead from Katrina......terrible but far less than the expected 10k
James-ST Moderator: Market slipping here to LOD
Hunter : slipping ? looks more like free fall
James-ST Moderator: Market breaking the three day trend.....currently trading at levels we have not see since last week......stochastics down....trading below all averages
James-ST Moderator: seen
James-ST Moderator: You guys find keeping the 5 minute chart of the SPX useful to your daytrading?
Alaska yes
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Alaska lexr seems to be building an up trend despite the downtrending market since 10:10
Alaska 2:10 est
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James-ST Moderator: Right at the 50 ema on the 5 minute chart, should find some support here or could be a reversal.....LEXR that is
ahk has logged out
ee looks like I am logged in twice
James-ST Moderator: ok ee
James-ST Moderator: Ok.....looks like the marke tis beginning to tank a little.......
eric has logged out
James-ST Moderator: Market new LOD
James-ST Moderator: Great news gang........
James-ST Moderator: LXK hit profit
James-ST Moderator: [img id=em-11]
James-ST Moderator: Let's go market pull down FWLT
Alaska Is there something we can safely short given the declining indexes?
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James-ST Moderator: QQQQ?
James-ST Moderator: SPY?
James-ST Moderator: suggestions if you want the indexes
Alaska I didn't mean to short an index, thinking of a high flyer that should be crashing in whatever sector is being hit hard
Alaska too bad we can't share the S&P futures streaming squawkbox (live sound) from here!
ak Its just not our day today.
Hunter : Alaska housing seems to be taking it in the ear today !
Alaska I don't have a sector scanner to find a candidate, but thanks Hunter.
James-ST Moderator: tol
James-ST Moderator: one of the leading housing stocks
James-ST Moderator: three high fliers off hand would be the usual suspects......GOOG, SHLD and CME
Alaska TOL is going up
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James-ST Moderator: GOOG off quite a bit from 321 earlier
James-ST Moderator: he kim wb
James-ST Moderator: hey
Alaska shld is crashing
James-ST Moderator: ally.....what are you holding......let us know before hand
James-ST Moderator: SHLD got above the 20 day ema a couple times, but has to yet to actually close above it.......overall daily trend is still down
James-ST Moderator: LXK.....kidding me
James-ST Moderator: over a buck
James-ST Moderator: [img id=em-1]
James-ST Moderator: ok AMSG......we got that rally.....we can place a stop, still under the 20 ema on 5 minute chart......now we can look to enter
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James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMSG 22.79[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMSG 22.79[/b]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMSG 22.79[/b]
James-ST Moderator: 23.01 STOP IF WE ENTER
James-ST Moderator: Market new LOD
jy market just dive
James-ST Moderator: Let's go FWLT.....nobody wants to buy
Alaska any short worth doing on joyg while it is falling?
James-ST Moderator: If you enter, you need only identify a tight stop.....in this case......HOD would be less 1% stop.....high reward to risk ratio
jy any news or reason for the market to dive like this
James-ST Moderator: none jy.....but note we are actually returning to Wednesday's level......as we discussed last week.....Thursday and Friday were window dressing to September 30, Quarter end......perhaps closing out Window Dressing jy?
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jy October has always been a tough month
Alaska fwlt stop and target?
James-ST Moderator: 33.01 and 32.34
ally lol james i will only tell you my winners.....in AAPL long on 9-29@52.34...out today at 55.14.......STR long on 9-28@84.81...out today at 87.68....ENER long 40.46 on 9-28, out today at 44.53....SNDK long@47.65 on 9-30, out today at 51.99...a couple oil/energy stocks down bad today though
ally oops guess i need to use the space bar
James-ST Moderator: lol
James-ST Moderator: vn ally
ally like i said, no details on the losers...lol
James-ST Moderator: [img id=em-6]
ally let's just say i'm up a little from a week ago
James-ST Moderator: [img id=em-10]
ally :)
ally a little
Hunter : dr dave has the only losers though rite ally ? lol
ally lol
ally gotta admit sometimes they are mine
James-ST Moderator: [img id=em-6]
James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]AMSG 22.79[/b]
ally dave wanted me to bail on haliburton yesterday...i shoulda listened...down 3%
ally lol
James-ST Moderator: lol
ally maybe he won't ask when he gets home
ally lol
Hunter : nice dinner, candlelite, sweet nite gown distract him ally lmao
James-ST Moderator: whaoh goog
James-ST Moderator: [b]CANCEL AMSG WATCH[/b]
ally good idea hunter...lol..or maybe accidentally drop the computer out the window so he can't check
Hunter : lol
ak LXK LOD, 52wk low wooooooooaaaahhhh
ak :(
Alaska Goog goes to 310 (before window dressing)? not worth shorting??
jy GOOG free fall
Hunter : me thinks this market is in trouble !
James-ST Moderator: Last week Wednesday before GOOG took off it was about at 305.....my guess is if it is like the market it will probably return to 300ish levels too
Alaska Everything seems headed back to last Weds levels with few exceptions.
James-ST Moderator: ally.........remember last week when we said watch the window dressing effect?
ally yeah
James-ST Moderator: irrational rally in a day......took three days for it to finally give in
James-ST Moderator: But.......let's not get excited that the market is collapsing........it is simply back to last week Wednesday
ally so how will tomorrow look? lol
Alaska Wonder if mutual fund companies have to hold for 3 days in the window dressing mode for some reason, then can dump and look for value now that their portfolio officially has the "hot stocks in it"
James-ST Moderator: Overall..........the market is still range trading.......all these moves.......like we noted last week........are not breaking any support or resistance levels on the market.......
James-ST Moderator: yeah i wonder alaska.......but when you have not one or two billion dollar funds........but hundreds......they can seriously window dress and move the market........
char See ya in the am guys
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Alaska hence the sell off, they should be rebalancing before close and buying into whatever they decide they want, bet there is a small rally in the last 15 minutes
James-ST Moderator: Set your SPX alerts for 1201 and 1243
James-ST Moderator: These levels are the market's recent range......one day when one of these levels go off you will know the market is trending into a new direction
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ally okay guys...talk to ya tomorrow
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Hunter : time to go, have a good evenin James, Todd and everyone, take care
James-ST Moderator: take care hunter
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jy tomorrow should be interesting to see if market continue its down trend
James-ST Moderator: yes
jy today - lxk , play, joyg could have been profit. too bad
James-ST Moderator: yes, quite the bitter pill day......gonna go home and kick the dog
ak has logged out
kim See you in the morning thanks James
James-ST Moderator: ok kim take care
jy marfket down big - SNDK still up 8.5%
kim has left the room
James-ST Moderator: down market doesnt mean the shorts arent getting slaughtered
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]FWLT[/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]FWLT[/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]FWLT[/b]
James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]FWLT[/b]
James-ST Moderator: FXEN big sell off into close
jy market sell-off into close
James-ST Moderator: yep...nearing Wednesday's lows
Alaska bye guys
jy so is GOOG down to 310 level
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jy gn james. let's have a better day tomorrow. ty
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