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Chat Transcripts

10/11/05 Chat Session

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

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

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

Eagle: GM Jemes, Ken

Eagle: GM Ken and James

James-ST Moderator: gm all

jjwolfe has entered DayTrading Chat

jjwolfe GM All

James-ST Moderator: hey wolfe

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

char has entered DayTrading Chat

char gm all

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

James-ST Moderator: HEY CHAR

joe has entered DayTrading Chat

James-ST Moderator: HEY JOE

joe Good Morning James

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

ak has entered DayTrading Chat

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

ak gm al

James-ST Moderator: HEY AK

stuart has entered DayTrading Chat

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

ak all

stuart hi gm all

Todd-SOF Direct has entered DayTrading Chat

Todd-SOF Direct gm everyone

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

James-ST Moderator: hey stu, todd

joe GM Ken

Alaska has entered DayTrading Chat

James-ST Moderator: hey alaska

James-ST Moderator: lol

Alaska morning

James-ST Moderator: CNBC just featured your state again alaska, looks like you guys spent millions of taxpayer money to paint a salmon on an airplane

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

Alaska yeah, that was stupid, "seafood marketing", it was 1/2 million to paint one plane for Alaska airlines

Alaska Ak Airlines laughed all the way to the bank

James-ST Moderator: lmao

kim has entered DayTrading Chat

Alaska AVID is at 37.80, and if it goes up to 38.22 you are shorting it? that's already a trading plan?

nysteve has entered DayTrading Chat

Ken-ST Moderator: How did you get 37.80?

johnboy has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]nysteve, kim, jb[b]

Alaska my level 2 but it's demo mode, so maybe no good

nysteve gm!

Alaska what is it doing premarket?

johnboy good morning all

Ken-ST Moderator: Nothing is happening pre market

Ken-ST Moderator: last trade on it was at 38.22

jy has entered DayTrading Chat

pvg6799 has entered DayTrading Chat

jy gm

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

pvg6799 gm

Ken-ST Moderator: Lets to the Market Assessment:

ahk has entered DayTrading Chat

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

Ken-ST Moderator: Daily Chart: below the 5 day EMA, Stochastics are in a downtrend

Ken-ST Moderator: Hourly Chart: Downtrend with the 20 EMA below the 50 EMA

Ken-ST Moderator: 5 min Chart: Downtrend with the 20 EMA below the 50 EMA

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

Ken-ST Moderator: Futures are currently up 3 points. It is slightly above the 20 EMA

Ken-ST Moderator: CTSH is still in a range gang. We will try to look for a clean signal for a trade. We will not be considering a long until it clears resistance

Ken-ST Moderator: ADDING OSIP

Hunter has entered DayTrading Chat

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

Ken-ST Moderator: ok gang, opening bell

Hunter : gm guys

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]AVID 38.22[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SGTL 15.69[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]HELE 15.54[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]OSIP 25.36[/b]

stan48 has entered DayTrading Chat

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]IMCL 32.51[/b]

Ken-ST Moderator: wb Stan

Ken-ST Moderator: SGTL is close

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SGTL 15.69[/b]

Ken-ST Moderator: AVID remains close as well

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SGTL 15.69[/b]

Ken-ST Moderator: Holding off on INFY long, near resistance

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CTSH 47.35[/b]

Ken-ST Moderator: tight stop at low of pullback if CTSH triggers for a long trade

Ken-ST Moderator: Some of the gap plays are fading their gaps

Ken-ST Moderator: For those we need to sit until the test their 5 EMA on 5 min

Hunter : Yo Todd, no short shares for infy, coulf you check on that please ?

Hunter : could

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]HELE 15.54[/b]

James-ST Moderator: bear has got to be happy with his SHLD puts

Todd-SOF Direct Checking on INFY shorts

jy stop on SGTL - hod 16.38for now ?

Hunter : thx man

Ken-ST Moderator: Yes jy

jy ty

James-ST Moderator: Market nice bounce, seems to have regained everything it lost yesterday

Ken-ST Moderator: still in recent range

joe james, watch IRF on short

Ken-ST Moderator: SGTL has the makings of a runner having cleared that big support area

Ken-ST Moderator: lets eveyrone hit their 1% first

Ken-ST Moderator: Note how OSIP found its first real resistance at its 5 EMA on 5 min

Ken-ST Moderator: Which is why we wait until it crosses that before we fade a gap

James-ST Moderator: nice joe

Ken-ST Moderator Profit!

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

nysteve I hit it. thanks guys!

Ken-ST Moderator: gj ny

jy gj guys on SGTL 1% + 15.5 exit

James-ST Moderator: [img id=em-3]

Ken-ST Moderator: vn

Ken-ST Moderator: All you really need is 1 or 2 good trades a day gang.

jy may be aa runner

Ken-ST Moderator: I agree jy

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]OSIP 26.26[/b]

Ken-ST Moderator: INFY is nearly ready for a short alert

Ken-ST Moderator: we would like to see a better consolidation

Ken-ST Moderator: otherwise it becomes too much of a risk

ahk hele a buy a hod?

Ken-ST Moderator: Nearly ahk, but its still below its 5 ema on 5 min

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CTSH 46.40[/b]

Alaska ctsh buy at 47.35 cancelled?

Ken-ST Moderator: Still good Alaska

Ken-ST Moderator: a break either way is valid right now

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]IMCL 31.84[/b]

Alaska I cant have an order in to short and to buy long at the same time

Ken-ST Moderator: go with the short for now

Ken-ST Moderator: its close

Ken-ST Moderator: closer

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CTSH 46.40[/b]

Ken-ST Moderator: Nice lets add IRF

James-ST Moderator: SGTL running

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]IRF 36.49[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ctsh 42.15[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ctsh 47.15[/b]

Ken-ST Moderator: sorry typo

jy SGTL new lod

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]ctsh 47.01[/b]

Ken-ST Moderator: We will play a looser stop due to its volatility

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]INFY 74.91[/b]

Ken-ST Moderator Profit!

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

nysteve nice job again..i got a piece...thanks ken, james

Ken-ST Moderator: awesome ny

jy GJ guys please keep it going. TY

nysteve you guys are kickin...next?!?

James-ST Moderator: jy, your atm making new lows?

Ken-ST Moderator: dont know but SGTL is a very nice runner

kim has logged out

Ken-ST Moderator: smooth downtrend

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]INFY 74.91[/b]

kim has entered DayTrading Chat

James-ST Moderator: hey kim

ahk has logged out

ahk has entered DayTrading Chat

nysteve getting not shortable from infy

nysteve anybody home?

James-ST Moderator: sure

nysteve cool

Ken-ST Moderator: It depends on your broker

Ken-ST Moderator: It might be hard to borrow

Ken-ST Moderator Update!

James-ST Moderator: can't help you if your broker does not have the shares available to short........keep in mind, that although you may not have a stock to short....someone does

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]INFY 76.01[/b]

kim I was able to get it

James-ST Moderator: nice kim

ahk IB has a boatload

kim Not sure about that

kim lol

nysteve no luck her. i'll wait for your next call

Ken-ST Moderator: SGTL new lod

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]INFY 75.21[/b]

Ken-ST Moderator: Market above the 5 ema

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]HELE 16.59[/b]

Ken-ST Moderator: HELE is close

Ken-ST Moderator Buy!

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]HELE 16.59[/b]

Ken-ST Moderator Profit!

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

stuart I'm a little upset guys.

jjwolfe has logged out

stuart Upset that I didn't find you guys 6 months ago

James-ST Moderator: [img id=em-5]

stuart Nice going guys. Simply outstanding

Ken-ST Moderator: lmao

Ken-ST Moderator: The main this is that you are here now.

James-ST Moderator: Notable earnings after the bell:

James-ST Moderator: AAPL

James-ST Moderator: AMD

stuart good to be here thanks.

James-ST Moderator: with earnings season, Type B Gap plays will definitely increase.......will get a lot of calls in the coming weeks

Alaska just checking, I show current: short avid at 38.22, buy osip at 26.26, short imcl at 31.84, and short irf at 36.49, are those still current/correct?

James-ST Moderator: For the last week, the market has been hugging the 50 ema on 5 minute chart of the SPX.....still in an overall downtrend from lAst Tuesday.

James-ST Moderator: one sec alaska, let me confirm

James-ST Moderator: avid yes

James-ST Moderator: SGTL new LOD, still running

James-ST Moderator: osip yes

James-ST Moderator: imcl, irf yes

Alaska thx, do some folks here still hold most of their short position in sgtl?

char i'm out alaska

Alaska I'm only virtual trading today, but that baby would have been nice to hang onto for the ride down!

James-ST Moderator: GOOG making LOD

nysteve ken and or james...i didnt' sell hele quick enough..hold it?

James-ST Moderator: 16.12 would be a nice stop

nysteve k..ty

James-ST Moderator: stochastics still coming off of oversold levels, it has a chance

nysteve ty

jy AAPL up 2% before earning tonight

jy AVID short valid at 38.22 close

James-ST Moderator: hopefully we get a nice gap either way tomorrow for AAPL, always heavy volume........what is your prediction jy? AAPL movement?

James-ST Moderator: [b]Watching for Type A Short on[/b] [b]AVID 38.22[/b]

James-ST Moderator: ty jy

James-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]AVID 38.22[/b]

James-ST Moderator: SGTL new lOD

James-ST Moderator: Market currently under the 50 ema on the 5 minute chart of the SPX again, stochastics are down

Ken-ST Moderator: SGTL a handsome runner

jy AAPL has to blow out their earnings and IPOD numbers will be alos key. I think they will exceed expectation but predicting earnings is risky.

Ken-ST Moderator: IRF is close

Ken-ST Moderator Update!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]IRF 36.49[/b]

Ken-ST Moderator: [b]5 Minute EMA Trend[/b] [b]down[/b] [b]Stochastics Trend[/b] [b]down[/b]

Ken-ST Moderator: [b]Intraday Trend is Sideways to Down[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IRF 37.12[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: Cancel all Type B alerts

Ken-ST Moderator: Its the 11:00 turn time

jy INFY has been consolidating at current level 74.9x and has not been able to break the 75 level except once to 75.08. ?? I think it's still in our favor. ??

James-ST Moderator: Still trading below open.....nice gap below it........

Ken-ST Moderator: I still like it, but a tight stop is already in

Ken-ST Moderator: Overall market trend also in our favor

jy INFY may take the wjole day to get there like XLNX from yesterday.

Ken-ST Moderator Profit!

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

Ken-ST Moderator: someone brought that to our attention

nysteve got. very very nice guys. big ty

Ken-ST Moderator: Thank you for that

James-ST Moderator: *golf clap for joe, he brought up that stock*

ahk has logged out

James-ST Moderator: [img id=em-8]

nysteve ty joe

Ken-ST Moderator: Joe

Ken-ST Moderator: ty Joe

Ken-ST Moderator: sweet

James-ST Moderator: good eye joe......keep in mind though, we hate those NYSE in general

Alaska How did you get out of HELE so fast, did you put in a conditional order for the buy that included sell conditions? Or did you hit the sell button for a market order or what? It was very quick.

James-ST Moderator: If you were unable to get out, use 16.12 as a tight stop.......

James-ST Moderator: IRF new LOD

Ken-ST Moderator: Alaska, routing and executions are a very important part of day trading

nysteve and quck fingers

Ken-ST Moderator: every trader should have the skills to be able to send an exit order immediately after entry

Ken-ST Moderator: split second

Ken-ST Moderator: Through the use of hot keys

Ken-ST Moderator: and defalut orders

Alaska I'm trying to learn the techniques here. Choice of order types if my question. so are you saying it was a market order to sell?

Ken-ST Moderator: no

Ken-ST Moderator: when you have the stock ramping up in your favor with good momentum

Ken-ST Moderator: through out a sell order at the offer

Ken-ST Moderator: throw

Ken-ST Moderator: Its like throwing yourself into heavy traffic

ahk has entered DayTrading Chat

Ken-ST Moderator: you are going to get hit regardless

Alaska ok

nysteve hot keys off the level 2

James-ST Moderator: IRF new LOD.......ty joe

Alaska I have that, will work on setting it up.

Ken-ST Moderator: cool

Ken-ST Moderator: When things look their best, you always have to think about scaling out

Ken-ST Moderator: you see the stock ramping up in your favor

Ken-ST Moderator: start dumping your shares

Ken-ST Moderator: you will be happy you did

Ken-ST Moderator: Sell when you can, not when you see the momentum shift against you.

Ken-ST Moderator: When you can, not when you have to

James-ST Moderator: Questions or comments gang? Off to a decnt start today

James-ST Moderator: decent

nysteve yes, very nice, thanks guys.

James-ST Moderator: INFY and AVID in the money.....we have the wind in our backs with the relatively weka market

James-ST Moderator: weak

James-ST Moderator: awesome steve, we are just here to facilitate your trading, the rest is up to you.

Ken-ST Moderator: wtg ny

Ken-ST Moderator: wow IRF ...handsome

Ken-ST Moderator: Bear looking handsome with GOOG puts too

Ken-ST Moderator: CTSH handsome

James-ST Moderator: feel free to bring up other stocks of note and your personal trades. we cannot give recomendations outside of strategies but we can help you look at chart patterns and such of the stock, and help to set possible stops.

ahk wows NCR lookin?

Ken-ST Moderator: that one would have been nice as well

ahk is a new low a short entry

Ken-ST Moderator: for a stinkin NYSE listed, run by crooks stock

ahk understood

Ken-ST Moderator: It is valid but the time of day does not agree

ahk takes those prix 5 minutes to fill a market order

James-ST Moderator: LOD short would have been nice....note the 50 day ema on daily could provide some support

alex has entered DayTrading Chat

Ken-ST Moderator: we are nearly rolling into lunch, and the market stochastics are near oversold

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

James-ST Moderator: agreed ahk......almost as if on the NYSE they sit there and decide how much they can rip you off

James-ST Moderator: welcome alex

alex gm all

Ken-ST Moderator: Are there any questions?

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

Ken-ST Moderator Update!

ahk did the ncr and it worked

Ken-ST Moderator: Nice

Ken-ST Moderator: vn

ahk specialist must have been sleeping

Ken-ST Moderator: ahk, you are handsome, no matter what anyone tells you

ahk I do have beautiful scabs on my nose!

Ken-ST Moderator: lmao

jy IRF ne wlod 35.5 exited too early.

Ken-ST Moderator: Its now near a support area on IRF

James-ST Moderator: ahk.....very nice play on NCR short

ahk ty I got 2% on the 2nd half

Ken-ST Moderator: dang that be sweet

James-ST Moderator: [img id=em-3]

ahk sweeter thAN a preachers peanutz

Ken-ST Moderator: That be mad skills

James-ST Moderator: [img id=em-5]

James-ST Moderator: man, scary ahk

Ken-ST Moderator: Alex, good to have you.

Ken-ST Moderator: We are now in the lunch period

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

James-ST Moderator: lol

Ken-ST Moderator: lol

James-ST Moderator: sorry, that was a LOD alert that went off

ahk once avid crax 38, i see a black hoe

ahk :-)

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AVID 38.44[/b]

ahk avid backwards=diva

Ken-ST Moderator: Nasdaq is very near to the trend lows

ahk I hate divas!!!!!!!!

Ken-ST Moderator: lmao

James-ST Moderator: ahk, we storngly suggest you lay off the bottle while trading.

James-ST Moderator: strongly

Ken-ST Moderator: lol

ahk np, I'll stick wit da PIPE

James-ST Moderator: [img id=em-5]

Ken-ST Moderator: AVID sub 38

Ken-ST Moderator Update!

ahk bye bye avid

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

ahk has logged out

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

jy gj on AVID ty

Ken-ST Moderator: Its a good thinkg ahk doesn't like DIVAs

avid has entered DayTrading Chat

nysteve very nice guys.

Ken-ST Moderator: nice going jy

avid avid needs advil

Ken-ST Moderator: wtg ny

James-ST Moderator: LMAO ahk.....

avid like my new handle

James-ST Moderator: yes

avid very aprapo as the french would say

avid next victim.......................................INFY

Ken-ST Moderator: INFY closing in on its lod

Ken-ST Moderator: man, IRF, it keeps falling, and falling

Ken-ST Moderator: Intraday market trend is still down

avid infy under 74.39...........................its deep down there......................

avid all the pre market guys will dump at that point

kim has logged out

James-ST Moderator: IRF.....still handsome play

Ken-ST Moderator: OSIP new lod

Ken-ST Moderator: Market making a small surge above the 5 ema

Ken-ST Moderator: stochastics nearly turning up

Ken-ST Moderator: note that the intraday market was down this entire time

Ken-ST Moderator: being that stochastics were in a downtrend AND the market was under the 5 EMA

Ken-ST Moderator: SEPR taking a dive

James-ST Moderator: jy, do you still short MOVI?

jy james, no. MOVI is too choppy. do you think so ? any idea on MOVI ?

kim has entered DayTrading Chat

James-ST Moderator: at this point none.....all i know is i would hate to be long on that stock.....as far as more downside.....not sure either

Ken-ST Moderator: wb

avid Informant in Iraq admits information about a terror plot against New York subway was a hoax, sources tell CNN.

James-ST Moderator: why hoax a plot? that does not make much sense

Ken-ST Moderator: INFY new lod

avid just as I SAID

avid BUT BE CAREFUL

James-ST Moderator: but then again, it was funny when those terrorists posted a picture of a captured american "GI" on their website. someone then pointed out that they own the exact same doll.....

Ken-ST Moderator: KOSP new lod

Ken-ST Moderator: yeah that was pretty funny

Ken-ST Moderator: There's your hottie James

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

Ken-ST Moderator: Any questions?

avid bcrx....................wow

nysteve how's hele's chart...?

Ken-ST Moderator: If it breaks that 20 EMA to the upside, you may see a test of the 50 EMA

Ken-ST Moderator: Market on verge of breaking its intraday downtrend

Ken-ST Moderator: 20 EMA on HELE is at 16.55 currently

Ken-ST Moderator: 50 EMA is in the 17.38 ara

Ken-ST Moderator: area

nysteve ok..ty

Ken-ST Moderator: IRF new lod

Ken-ST Moderator: holy smokes

avid irf toilet time

avid anyone here still short?

James-ST Moderator: AVID new LOD

avid where will rnwk open??????

avid I am long

avid bought before the halt

avid aint that handsome?

James-ST Moderator: when did theyhalt?

James-ST Moderator: halt

avid early today

James-ST Moderator: and you bought at 5 bucks or so?

avid after my fill

James-ST Moderator: so.....you are telling me your broke it?

James-ST Moderator: [img id=em-3]

avid may open down

avid I cornered the market

James-ST Moderator: but the news is settlement with MSFT.....supposedly good.....what did you buy at?

avid bought the float

avid 7.24

avid it was a MO play

avid news is in the stock i think

Ken-ST Moderator: I see a lot of stocks falling apart

Ken-ST Moderator: ITRI

Ken-ST Moderator: CTRP

avid lets find some new stocks for the second half of today's game ok?

James-ST Moderator: Market new LOD

Ken-ST Moderator: stra

avid this market is looking very bad

avid finally starting to realize who the president of the US is

avid did you see GM yesterday?

avid unreal

avid what is Kirk Kornhole thinking at 87 years old?

avid hes long at 35

avid (J, tell K to pass the pipe gain ok?)

James-ST Moderator: [img id=em-5]

avid bcrx looks like a buy here

avid irf just ran out of toilet paper

avid sgtl downgrade by janney

avid lol

avid where were you yesterday?

Ken-ST Moderator Profit!

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

kim Way to go!

jy INFY that's a big one. TY

avid theres that sound again

Ken-ST Moderator: sweet

avid music................................

jy one of the best days recently. GJ guys.

Ken-ST Moderator: ty jy

jjooee has entered DayTrading Chat

Ken-ST Moderator: Hi jjoee

Ken-ST Moderator: IMCL new lod

Ken-ST Moderator: we are in the lunch period howerver

avid bcrx

jy report MSFT may be paying RNWK $750M to settle. That's over $4 share cash.

avid just took a 1% bite

jjooee Hello there

Ken-ST Moderator: nice call oobs

avid rnwk might open big if thats the case

Ken-ST Moderator: First day here jjooee?

jjooee yep

Ken-ST Moderator: cool, good to have you

jjooee thanx

Ken-ST Moderator: We are in the middle of the lunch period

Ken-ST Moderator: We do very little trading during this time of day

Ken-ST Moderator: The morning period is our most active time of day

Ken-ST Moderator: Anyone not on Direct Access Trading should be if they wish to be successful at day trading.

Ken-ST Moderator: Todd is from SOF Direct.com and can hook you up with a real time simulator to help you get accustommed to DAT

Ken-ST Moderator: Message him to get more info

Todd-SOF Direct Yes. Feel free to engage me in a private chat or email info@sofdirect.com

Ken-ST Moderator: lol IRF new lod

Ken-ST Moderator: [b]5 Minute EMA Trend[/b] [b]up[/b] [b]Stochastics Trend[/b] [b]up[/b]

Ken-ST Moderator: [b]Intraday Trend is Sideways to Up[/b]

Ken-ST Moderator: that intraday downtrend finally broke

Alaska has left the room

nysteve has logged out

Ken-ST Moderator: but it does mean the downtrend is broken and a sideways to uptrend is currently in

nysteve has entered DayTrading Chat

Ken-ST Moderator: wb

Ken-ST Moderator: nysteve, HELE broke past that 20 ema

Ken-ST Moderator: thats a good sign

nysteve i see, ty. whew!

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]IRF 34.72[/b]

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]IRF 34.72[/b]

Ken-ST Moderator: stop is at the LOD

Ken-ST Moderator: 34.21

Ken-ST Moderator: Type C plays are always risky gang

James-ST Moderator: However, note Type C's often have tighter stops....and have shown in the past to be the better runners when they work out

avid thought we were on lunch?

jy reason for IRF type c buy ? how do you spot the bottom play like IRF

Ken-ST Moderator: Three things:

Ken-ST Moderator: Support on Daily chart

Ken-ST Moderator: Market momentum just turning up

Ken-ST Moderator: and a break in its 5 ema trend

jy support on daily chart ?

Ken-ST Moderator: You need a long sustained trend under the 5 ema

Ken-ST Moderator: then a break above it

James-ST Moderator: ahk, you know that during lunch only Type B's are canceled

Ken-ST Moderator: there is usually a pullback from there. We buy the next surge above it

James-ST Moderator: Type A's and C's are open

Ken-ST Moderator: Type C plays are initiated during the lunch period

Ken-ST Moderator: Type C capitalizes on countertrends

Ken-ST Moderator: Lunch periods are notorious for countertrends. We simply looking for those opportunities.

jy Did IRF show a pull bcak and then a surge ?

Ken-ST Moderator: It tested and kept pulling back

Ken-ST Moderator: I simply took the high of the trading range

Ken-ST Moderator: Which was above the 5 ema

Ken-ST Moderator: Nice follow through on HELE

James-ST Moderator: HELE new HOD

nysteve wow...

Ken-ST Moderator: 50 EMA on that stock is 17.09 area

jy RNWK open

James-ST Moderator: Look at this story on CNBC.........cash in New Orleans......50-100 millions dollars

Ken-ST Moderator: not yet but it looks like its getting ready

Ken-ST Moderator: there it is

avid out rnwk

Ken-ST Moderator: nice

Ken-ST Moderator: congrats

James-ST Moderator: nice trade avid

James-ST Moderator: ahk

avid ty now I have to get my cash in NO

James-ST Moderator: Nice to see a small company was able to win against MSFT

avid that is petty cash

James-ST Moderator: yeah seriously

James-ST Moderator: Gates reached in his drawer and took out some lunch money

avid a ronding error

avid irf looking like a reshort

Ken-ST Moderator: Type C need time to work itself out.

Ken-ST Moderator: the stop is at the lod to signal a failed trade

kim Ken are you saying that C's are the most risky out of the three groups

Ken-ST Moderator: Well, I would say the lowest success rate

Ken-ST Moderator: If you measure risk according to the stop loss it would probably be the least risky

Ken-ST Moderator: as the stops are often tighter than the gapping or type A stocks

Ken-ST Moderator: Market remains in its intraday sideways to uptrend

Ken-ST Moderator: HELE made it to its 50 ema

Ken-ST Moderator: wow, and rocketed 3% in a blink

nysteve when irf comes up you guys should open champagne

jy nysteve, sounds like you're not playing IRF long and tink it won't work ouy ?

jy out

nysteve no, i'm in long. i said when it comes up..the team's on fire today and i believe

jy it's fine. nysteve. I'm concern about IRF long , too. giving it time to work out, hopefully.

bearrally has entered DayTrading Chat

James-ST Moderator: hey bear

Ken-ST Moderator: Hey Bear

bearrally wow perfect day?

bearrally what happen

James-ST Moderator: lmao

Ken-ST Moderator: How is your day going Bear?

bearrally ok

bearrally not good and not bad

bearrally i ended up breaking even last month

bearrally this month is up a little bit

bearrally this market tooo tough to do anything

bearrally what's the concensus on aapl here?

Ken-ST Moderator: Yup it is tough

alex has logged out

Ken-ST Moderator: are you taking a stab at it ?

alex has entered DayTrading Chat

Ken-ST Moderator: wb alex

alex thnx

Ken-ST Moderator: Stochastics nearly coming down from overbought

Ken-ST Moderator: 5 min EMAs are still down

Ken-ST Moderator: Watching a few stocks here for possible short signals

Ken-ST Moderator: with market overbought

Ken-ST Moderator: no break in the uptrend yet however

Ken-ST Moderator: The fed minutes are being released in about 10 minutes

Ken-ST Moderator: that may provide some volatlity to the market

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]OSIP 25.10[/b]

Ken-ST Moderator: They must have released the notes

Ken-ST Moderator: a little volatlity to the markets

James-ST Moderator: As we have seen for the past 5 trading sessions.....the 50 ema on the 5 minute chart of the SPX is proving to be resistance....market appears to have bumped its head on it again......stochastics back down....

James-ST Moderator: Questions or comments?

Ken-ST Moderator: Yes the 5 min EMAs are still in a downtrend

Ken-ST Moderator: as noted with the 20 EMA below the 50 ema

jy FOMC: Fed staff hikes core inflation forecast for 2006

1:56 FOMC: Some said Fed policy no longer so accommodative

1:56 FOMC: Some members wanted changes in foward-looking language

1:56 FOMC: Inflation concern higher in runup to Sept 20 meeting

1:56 FOMC: Olsen wanted pause to assess hurricane impact

James-ST Moderator: vn jy, that is why you are the most handsome guy here

bearrally jy, what's the bet on aapl?

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ITRI 40.10[/b]

jy bear, it's a bet o.k. I think they will do well but vs. expectations. AAPL has this invited only meeting tomorrow on new products.

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]IMCL 31.74[/b]

bearrally thinking about straddle it

bearrally but even with great news, it;s not going up much

Ken-ST Moderator: SGTL new lod, but we stayed clear. There is some argument for support going back a few some

Ken-ST Moderator: IMCL is close

bearrally but with ok news, it might tank real hard

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]IMCL 31.74[/b]

Alaska ken what is the stop loss on IRF long?

Ken-ST Moderator: Still the LOD

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]IMCL 32.01[/b]

Ken-ST Moderator: ITRI is close

James-ST Moderator: alex, and anyone else new here......we encourage that a 5 minute chart of the SPX be kept open with 5, 20, and 50 ema and slow stachstics.....this will help you with a visual of the current market........in turn it should facilitate yoru daytrading.

James-ST Moderator: Market threatening the LOD

Ken-ST Moderator: We never issue a trade without first looking at that chart

Ken-ST Moderator: we are constantly monitoring that chart all day

Ken-ST Moderator Update!

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

Ken-ST Moderator: note gang we see a big surge above the 5 ema

Ken-ST Moderator: the market is choppy

Ken-ST Moderator: the SPX is still trading within the recent lows

Ken-ST Moderator: You have to be kidding me IRF

Ken-ST Moderator: [b]5 Minute EMA Trend[/b] [b]up[/b] [b]Stochastics Trend[/b] [b]up[/b]

Ken-ST Moderator: [b]Intraday Trend is Sideways to Up[/b]

Ken-ST Moderator: Careful out there gang, this market is choppy to say the least

Ken-ST Moderator: Still trading in a sideways range

Ken-ST Moderator: Note: the 5 min EMAs are nearly in an uptrend

bearrally what's the run up all about?

James-ST Moderator: obviously not much.....market lost the gains already

Ken-ST Moderator: just choppy action

James-ST Moderator: I still don't understand this pandemic worry........why all of a sudden?

James-ST Moderator: I understand it killed millions in the early 1900's......but why all the hype now? Media hype as usual?

johnboy I wonder if vegetarians could sue poultry producers if they contract the bird flu?

James-ST Moderator: lmao

James-ST Moderator: only in america

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Alaska the virus they just finished identifying from the 1918 pandemic turns out to be nearly identical to the one that recently killed about 5 people.

Alaska and there is very little chance of a cure because it mutates so fast.

Alaska go to the SCLN yahoo msg board where a bunch of doctors talk about it alot.

James-ST Moderator: My wife is a pharmacist....they have to take seminars on anitbiotics and how it is so overprescribed today....she was telling me it is shocking how many sicknesses out there are now immune to anitbiotics.....she thinks that one day the viruses and such will mutate to a point of no cure.......

johnboy uh oh, biology 101 and carrying capacity concept coming to mind

James-ST Moderator: so if you have a real bearish and dark attitude like Todd and bearrally......just think, all of this won't matter anyway since one day we will be all dead.....[img id=em-5]

johnboy lol james, then can you get us some oxycontin to ease the pain? maybe some demmies, but no vioxx thanks

Alaska Last I heard that is a 100% guarantee.

James-ST Moderator: ok, alaska too......no wonder he packed up and moved to the wilderness.....he wants to be the last man standing.....

Alaska but all of this still matters, cause we ain't dead yet!

James-ST Moderator: jb.....scary that you know all your drugs [img id=em-5]

James-ST Moderator: lol, yep alaska

Alaska that's right, I'll hide out at my cabin until the pandemic is over :)

johnboy I am the youngest guy at work by 20 years, they are on all the good stuff for their aches and (perceived) pains

James-ST Moderator: well, make sure you bring a woman.....can get awfully lonely with just you, the cabin, and the bears.

johnboy they=coworkers

James-ST Moderator: ah jb

char lol

johnboy rfx trading fwiw

bearrally can you guys start selling goog?

bearrally need it to get to 300

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]OSIP 25.10[/b]

bearrally james, heard pharmacist make good money

James-ST Moderator: CNBC just noted that the market is watching anxiously the lows set last week Thursday......we can see this on our 5 minute charts of the SPX (expand it).......SET YOUR ALERTS FOR THE SPX AT 1181.91.....good alert to have in.....if this goes off.......well, you know the market has broken support to downside.

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Ken-ST Moderator: Hi Ayala

ayala hello

avid osip no borrow

avid :(

James-ST Moderator: hey ayala

James-ST Moderator: really avid? OSIP is usually a highly liquid easily shortable stock...for most brokerages that is......

jy OSIP Stop ?

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]OSIP 25.34[/b]

James-ST Moderator: Amazing that spike in the market 30 minutes ago........

James-ST Moderator: Lost it all.....

James-ST Moderator: Bear.....GOOG alert just went off.....appears to be right at a support level......bounce/break coming

bearrally that was why i asked what was that all about

bearrally yeah, sell some so it will take out support. lol

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James-ST Moderator: Closing below the 20 day ema here on the daily chart of GOOG would be incredibly bearish for the stock....last time it did that it went from 300ish to 270ish.

James-ST Moderator: wb alex

alex has logged out

kim Take care guys Great Day! Congrats

jy look slike GOOG is holding o.k. for now.

James-ST Moderator: ok kim take care

kim has left the room

Ken-ST Moderator: ok Kim

jy IRF down $1 from long exit

James-ST Moderator: NYSE......pos

johnboy damn that NYSE, scalped RFX, but can never figure out the Level 2, if I had been using the island or arca book, maybe I would have stayed in.............NYSE.......pos (good call James)

bearrally jy, it got an hour to break down

nysteve irf giveth in the am and taketh away in the pm

johnboy oops, good thing I got out

jy come on OSIP

Ken-ST Moderator: Gang,

Ken-ST Moderator: scale out on OSIP on weakness

Ken-ST Moderator: The market is still in a range

Ken-ST Moderator: and the stock is oversold

Ken-ST Moderator: Very sorry but we are going to set stop at breakeven

Ken-ST Moderator: The stock may work out. But it appears very risky

Ken-ST Moderator: wiht market at a support level

Ken-ST Moderator Update!

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

jy let's see if th emarket can help

Ken-ST Moderator: it is still in trend and if you want a loose stop 25.17 is very valid

nysteve ok..got out of osip with teeny..thanks

James-ST Moderator: all you steve, nice

Ken-ST Moderator: I wouldnt want to see anyone caught in a short squeeze late in the day

Ken-ST Moderator Update!

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

nysteve just in time

Ken-ST Moderator: gj

Ken-ST Moderator: market is right at the recent trend lows

Ken-ST Moderator: but still trading range

Ken-ST Moderator: choppy

johnboy hey you're on tv!

Ken-ST Moderator: yeah I just saw that

johnboy no, I'm watching COPS

Todd-SOF Direct lol

johnboy why does James have his shirt off?

Ken-ST Moderator: lol

James-ST Moderator: that is a stunt double, i am much more handsome and buff then that

James-ST Moderator: we dont want the site portrayed as being run by male models......certian stigma to that

johnboy oh, ok, I didn't think you drank malt liquor anyways

johnboy good commercial, hopefully we get some fresh meat.......er, people.......in here

James-ST Moderator: lmao jb, you are talking about Cops....sorry i thought you were talking about the swingtrades commercial

James-ST Moderator: lmao jb

James-ST Moderator: IRF goodness

Alaska what was the segment about? CNBC?

James-ST Moderator: no cable in the boonies alaska?

James-ST Moderator: which segment alaska?

Alaska dishnetwork? was it an ad or an interview?

johnboy sorry James, I saw the commercial and could'nt resist being a smartass, but don't worry, I'll be at work for the next two days, so I should get most of it out of my system...........by the way, awesome job Ken, James, and Todd

johnboy hmmm, found a glitch in the profanity blocker

James-ST Moderator: hahahahah

Alaska must have been an ad then

James-ST Moderator: ad

johnboy I'm done trading for today, long twice on RFX, both profitable while the stock drops 2.50 in 20 minutes, I have used up all my good luck, and with that, have a profitable week everyone

James-ST Moderator: ok jb have a good couple of days

johnboy has left the room

Ken-ST Moderator: lol, ok jb

bearrally go baby go

bearrally goog is lod

Ken-ST Moderator: yes and looking to close below its 20 day EMA

James-ST Moderator: yes bear.......confirmed bearish signals

James-ST Moderator: broke support....set in late september.......first break of 20 day ema in a long time.......

James-ST Moderator: whoah .... market new LOD

bearrally all the gain gone

bearrally amazing

jy GOOG wow

bearrally todd is smilling all the way to the bank

James-ST Moderator: Final 30 minutes......i will be shocked if market breaks support in these last 30 minutes.

bearrally todd, need to buy that round of drink

bearrally lol

jy OSIP - set stop at 25.34 - just exited at 25.02.

Ken-ST Moderator: nice jy

jy makret is falling

Ken-ST Moderator: yes it is just points away from the recent lows

Ken-ST Moderator: KOSP just off the lows of the day

avid has logged out

Alaska oil up

bearrally alaska, that didn't stop the market earlier

bearrally gold's up

bearrally inflation or stagnation is coming

bearrally or maybe both

Alaska somethings coming

Alaska Sure would be tough to make money without shorting these days.

Ken-ST Moderator: Its like fighting with one are behind your back

James-ST Moderator: fighting with two ares is hard too

Ken-ST Moderator: lol

Ken-ST Moderator: idiot

James-ST Moderator: [img id=em-1]

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

bearrally alaska, mixed it up

Ken-ST Moderator Update!

Ken-ST Moderator: Cancel all Alerts

bearrally between stocks, options, and futures

bearrally you should be ok

James-ST Moderator: Very close to that 1181.91 support level i had you all imput into your alerts......SPX currently at 1183.22

Ken-ST Moderator: KOSP new lod

James-ST Moderator: input

bearrally 60 points gone

Alaska Where do you figure the S&P will end up with support Ken? 1162?

jy Ken/james, good call on OSIP.

Ken-ST Moderator: its really hard to say Alaska. If you look the SPX is in a big trading range to begin within.

Ken-ST Moderator: I would look at the MAs for initial support areas

nysteve K and J, gang..heading out. made a little coin today thanks to you! look forward to it again tomorrow..nice nite all

Ken-ST Moderator: impossible to say where it will hold, but by monitoring the Hourly charts near those areas, you will have a great idea if things are holding

Ken-ST Moderator: ok jy

Ken-ST Moderator: ty

Ken-ST Moderator: ok ny

Ken-ST Moderator: good to hear

Ken-ST Moderator: have a great evening

nysteve has left the room

Ken-ST Moderator: We are at a support level here with the July 7, london bombing lows

ak has logged out

Ken-ST Moderator Update!

Ken-ST Moder