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

jjwolfe: GM All

Ken-ST Moderator: now I recognize you

jjwolfe: Awake now

Ken-ST Moderator: lol

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

gp: morning all

som: Good morning all

Ken-ST Moderator: [b]Good Morning[/b] [b]som, trdr45[b]

trdr45 Gm KEN , James ..trdrs

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

James-ST Moderator: gm all

jjwolfe has logged out

Todd-SOF Direct has entered DayTrading Chat

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

jjwolfe has entered DayTrading Chat

Todd-SOF Direct gm everyone

Ken-ST Moderator: wb

kraskew has logged out

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

Eagle GM Ken, James, and everyone

joecgoodman has entered DayTrading Chat

joecgoodman gm.  are the symbols I see on the left of my screen the stocks you're watching for gap plays today?

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

Ken-ST Moderator: yes joec

joecgoodman thx

stuart has entered DayTrading Chat

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

stuart gm all

Terry has entered DayTrading Chat

ncl has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]Terry, ncl[b]

Terry gm

ncl Good Morning

Violet has entered DayTrading Chat

ak has entered DayTrading Chat

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

Violet gm guys

ak gm all

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

Ken-ST Moderator: any questions this morning?

James-ST Moderator: hey ak, violet, anyone i missed

jy has entered DayTrading Chat

ahk has entered DayTrading Chat

jy gm

James-ST Moderator: hey jy, ahk

ahk hi

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

tj has entered DayTrading Chat

jy guess the futrue is down.

James-ST Moderator: HEY TJ

pvg6799 has entered DayTrading Chat

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

ahk altr

tj has logged out

pvg6799 gm

johnboy has entered DayTrading Chat

hapeko has entered DayTrading Chat

johnboy good morning all

James-ST Moderator: hey hapeko, jb, pvg

Eric has entered DayTrading Chat

Vanja has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]jb, hapeko, Eric, Vanja[b]

Ken-ST Moderator: Lets do a market assessment:

James-ST Moderator: hey eric, vanja

Eric GM

Ken-ST Moderator: Daily Chart: Above the 5 day EMA, Stochastics in uptrend

kim has entered DayTrading Chat

Ken-ST Moderator: Hourly Chart:  uptrend with 20 ema above the 50 ema, but still under a resistance area

Ken-ST Moderator: 5 min:  uptrend

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

steveg has entered DayTrading Chat

Ken-ST Moderator: Futures are currently down 3 points

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

James-ST Moderator: hey kim, steveg

kim Hey guys

steveg has left the room

steveg has entered DayTrading Chat

steveg mornin' all

Ken-ST Moderator: Ok gang, market is open

Hunter has entered DayTrading Chat

tj has entered DayTrading Chat

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

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

Hunter : gm guys

tj gm

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]BIDU 84.46[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]BIDU 84.46[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]BIDU 84.46[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]BMHC 85.33[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]BMHC 85.33[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]BMHC 85.33[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]LCAV 46.41[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]LCAV 46.41[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]LCAV 46.41[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]WIRE 22.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]WIRE 22.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]WIRE 22.01[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SEPR 56.91[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SEPR 56.91[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SEPR 56.91[/b]

Ken-ST Moderator: BIDU is close

James-ST Moderator: BMHC CLOSE

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]BIDU 84.46[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]BIDU 84.46[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]BIDU 84.46[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]BIDU 84.46[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]BIDU 84.46[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]BIDU 84.46[/b]

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

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

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

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

James-ST Moderator: WIRE RELATIVELY CLOSE

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ITWO 15.05[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ITWO 15.05[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ITWO 15.05[/b]

socal has entered DayTrading Chat

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

socal hi

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RIMM 57.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RIMM 57.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RIMM 57.49[/b]

James-ST Moderator: BIDU new HOD

ally has entered DayTrading Chat

ahk itwo no borrow

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ITWO 15.05[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ITWO 15.05[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]ITWO 15.05[/b]

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

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

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

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

James-ST Moderator: WIRE CLOSE

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]WIRE 22.01[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]WIRE 22.01[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]WIRE 22.01[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PLAY 21.61[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PLAY 21.61[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PLAY 21.61[/b]

Ken-ST Moderator: BIDU on fire

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

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

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

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

Ken-ST Moderator: PLAY is close

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RIMM 57.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RIMM 57.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RIMM 57.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CNET 12.42[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CNET 12.42[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CNET 12.42[/b]

Ken-ST Moderator: Market testing the 20 ema

James-ST Moderator: CNET CLOSE

ncl has logged out

joecgoodman ITWO still valid to set sellshort limit order at 15.05?

James-ST Moderator: PLAY CLOSE

James-ST Moderator: CNET CLOSE

Ken-ST Moderator: No joec

Ken-ST Moderator: After 1% move,we no longer support that breakdown price

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ITWO 14.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ITWO 14.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ITWO 14.49[/b]

Ken-ST Moderator: cancel that alert gang

Ken-ST Moderator: we shorted that already

James-ST Moderator: sorry, we hit profit on that already

Ken-ST Moderator: How do you calculate your margin rates?

Ken-ST Moderator: Hello Margin rate

Joe has entered DayTrading Chat

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

James-ST Moderator: hey joe

Joe GM Ken

joecgoodman joec?

joecgoodman ah, I see...another Joe

Joe Hey James

James-ST Moderator: SEPR CLOSE

ahk did anyone get ITWO?

Ken-ST Moderator Buy!

ak Margin rate is the ratio of how well your trade butter to water. Hopwe tat helps Ken. lol

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SEPR 56.91[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SEPR 56.91[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SEPR 56.91[/b]

jfagan has entered DayTrading Chat

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SEPR 56.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SEPR 56.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SEPR 56.49[/b]

Ken-ST Moderator: lol ak

James-ST Moderator: hey fagan

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

joecgoodman stop on SEPR moved to break even?

jfagan good morning, i am new to this chat and this service

James-ST Moderator: ok j, observe for a bit, when we enter lunch period on wallstreet, feel free to ask questions....

joecgoodman ok

joecgoodman oops, sorry, that was addressed to jfagan

jfagan got it

joecgoodman where should stop be on sepr?

James-ST Moderator: set at 56.49 joec

Ken-ST Moderator: 56.49

James-ST Moderator: WIRE new HOD

joecgoodman thx

Ken-ST Moderator: Watching for consoldiation/pullback on RIMM

James-ST Moderator: CNET trigger 12.43 LOD

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LCAV 44.13[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LCAV 44.13[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LCAV 44.13[/b]

Ken-ST Moderator: Market bounce right at the 20 ema

Ken-ST Moderator: we always take note of market action near that MA

Ken-ST Moderator: on strong trending days, that is a great MA to watch

Ken-ST Moderator: We will keep SEPR stop, it is already tight at less than 1%

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]RIMM 59.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]RIMM 59.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]RIMM 59.01[/b]

Ken-ST Moderator: Tight stop at low of pullback if triggered on RIMM

Ken-ST Moderator Update!

Ken-ST Moderator: Cancel ATVI

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]BMHC 82.21[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]BMHC 82.21[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]BMHC 82.21[/b]

Ken-ST Moderator Update!

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

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

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

Ken-ST Moderator: BMHC is close

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

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

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

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

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]BMHC 82.21[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]BMHC 82.21[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]BMHC 82.21[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SEPR 56.12[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SEPR 56.12[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SEPR 56.12[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SEPR 56.12[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SEPR 56.12[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SEPR 56.12[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SEPR 56.12[/b]

Ken-ST Moderator: Market still at high end of recent range

ahk sepr looks to burn us twice

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PLAY 22.89[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PLAY 22.89[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PLAY 22.89[/b]

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

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

Ken-ST Moderator: Looks can be deceiving

Ken-ST Moderator: For instance, no I am not on steriods

joecgoodman :-)

trdr45 just naturally psched and pumped hey Ken

Ken-ST Moderator: SEPR testing the 5 ema now

Ken-ST Moderator: just packed full of carbs

trdr45 yes

Ken-ST Moderator: from those damn Stacy's Pita Chips

trdr45 awsome

Ken-ST Moderator: LCAV close

trdr45 has logged out

jy stop on BMHC ?

trdr45 has entered DayTrading Chat

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]BMHC 83.31[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]BMHC 83.31[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]BMHC 83.31[/b]

jfagan has logged out

alex has entered DayTrading Chat

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

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SEPR 56.51[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SEPR 56.51[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SEPR 56.51[/b]

alex good morning all

James-ST Moderator: hey alex

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

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

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

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

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

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

joecgoodman .

som This is not my day. Good by folks

Ken-ST Moderator: ok som

som has left the room

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]IMCL 34.55[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]IMCL 34.55[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]IMCL 34.55[/b]

ahk remember, in this biz youre only as good as your last trade

Ken-ST Moderator: ?

ahk ask som what I mean

ahk or to put it another way...................."what have you done for me lately?"

joecgoodman Ken, does this drop on IMCL invalidate our trade? or do we keep our order in?

Ken-ST Moderator: Yes it is still valid

joecgoodman thx

Sooner has entered DayTrading Chat

James-ST Moderator: Market new HOD

Ken-ST Moderator: ahk I still dont get you

Vanja has logged out

Ken-ST Moderator: Note now the market held nice support at the 20 ema

ahk forget it K

ahk 34.50 strong resistance

joecgoodman .

Ken-ST Moderator: PLAY is close

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PLAY 21.61[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]IMCL 34.55[/b]

joecgoodman PLAY is at 22.04, right?

Ken-ST Moderator: Currently yes

Ken-ST Moderator: ITWO is near the LOD

joecgoodman short at 21.61???

Ken-ST Moderator: it is also another valid short signal at a new lod

Ken-ST Moderator: on ITWO

Ken-ST Moderator: we will not post or call

Ken-ST Moderator: but the setup is there

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]RIMM 59.01[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]RIMM 59.01[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]RIMM 59.01[/b]

ally gotta run guys...see ya later  :0)

ally has left the room

ahk missed cnet hod

joecgoodman Ken, James, do you guys watch eBay? couple of good lod's today

ahk has left the room

ahk has entered DayTrading Chat

James-ST Moderator: nice joec......i think we noted a breakdown the other day

ahk J did we miss cnet ?

Ken-ST Moderator: Nice joec, thank you for noting that we will keep a watch on that

socal stop on rimm?

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]RIMM 57.99[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]RIMM 57.99[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]RIMM 57.99[/b]

jy WIRE new HOD and ITWo new lod

ahk did anyone get ITWO shares?

Hunter : not available here

Ken-ST Moderator: WIRE new hod

jy no. AHK. no short aavailable to me.

ahk not available anywhere

ahk fed restrictions

Ken-ST Moderator: Nice move if you did get some

ahk lol

Ken-ST Moderator: on the breakdown just a short while ago

Ken-ST Moderator: PLAY is close

Hunter : on cnet hod was very close to range so not called, me thinks

ahk well K and J havent answered so I dont know....It looked valid

Ken-ST Moderator: oh what?

Ken-ST Moderator: on

joecgoodman is PLAY a long? what price?  there was a typo on it earlier

Ken-ST Moderator: Sorry on CNET, we did not issue as it appeared to be right back into congestion on daily

joecgoodman I think I'm wrong about the typo

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PLAY 21.61[/b]

joecgoodman thanks!

Ken-ST Moderator: np

socal PLAY not shortable..

joecgoodman RIMM warning

ahk i got play

ahk dont know if I want it though

socal hmmm....

Ken-ST Moderator Update!

ahk rimm rip

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

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

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

socal I keep getting 'sec not shortable' message on PLAY..?

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

James-ST Moderator: ah socal, depends on your broker

ahk socal maybe its an omen

socal just paper trading..is that the reason?

ahk for sure

socal ahk..whos your broker

ahk IB

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RIMM 57.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RIMM 57.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]RIMM 57.49[/b]

Ken-ST Moderator: Market near overbought, we will hold the short alerts open for a little longer

ahk Rimm is whipping folks to death

James-ST Moderator: WIRE.....bright spot today still going

jy WIRE amazing

jy too chicken to buy at new HOD

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]RIMM 57.49[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]RIMM 57.49[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]RIMM 57.49[/b]

James-ST Moderator: jy, did bear dump all hit BOT yesterday?

jy WIRE 52 week high

James-ST Moderator: yes 6% there

jy i thought he still has some

ahk rimm the grimm whipper

James-ST Moderator: yeah not sure......

Ken-ST Moderator: I think he mentioned he was buying at the close

joecgoodman where's our stop on RIMM?

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]RIMM 58.76[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]RIMM 58.76[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]RIMM 58.76[/b]

Ken-ST Moderator: We will look to tighten

ahk imcl trigger

Ken-ST Moderator: but initial we will move to that level

Ken-ST Moderator: Sorry I thought I canceled the long alerts

Ken-ST Moderator: but since I wasnt clear

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]IMCL 34.55[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]IMCL 34.55[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]IMCL 34.55[/b]

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Ken-ST Moderator: Gang, IMCL has a tight stop in any case

ahk how tight

joecgoodman yeah, how tight?

joecgoodman its low volume scares me

ahk tighter than a banker when you want a loan

Eagle Stop for IMCL

ahk 34.19

joecgoodman does this sideways movement on RIMM mean anything from a tecnical perspective?  in other words, does it give us a bias that it will move back up?  or continue down in the direction of the trend?

Ken-ST Moderator: 34.20

ahk only a penny off!

Ken-ST Moderator: joec, sideways trading means consolidating.  It can mean a rest before a continuation or a reversal

Ken-ST Moderator: But we like it as long as it stays in trend under the MAs

joecgoodman thought so

ahk rimm is pure whip

ahk treacherous

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Ken-ST Moderator: Just set your stop and trust your trade

Ken-ST Moderator: dont watch level II

jy IMCL has triggered ?

Ken-ST Moderator: dont get fooled by meaningless action

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Ken-ST Moderator: Yess JY we have opened it

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jy ty

Ken-ST Moderator: wb

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Ken-ST Moderator Update!

Ken-ST Moderator: Cancel all Type B alerts

joecgoodman don't go long IMCL?

joecgoodman it just triggered

ahk cool

ahk joe rnjoy the show

ahk enjoy

Ken-ST Moderator: We are long IMCL

ahk rimm breaking 57.38 be nice

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Ken-ST Moderator: Will wait until market stochatcis are oversold and look for possible Type C buy opportunities

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Ken-ST Moderator: sorry the IMCL status has been updated

Ken-ST Moderator: are there any questions?

joecgoodman yes

joecgoodman take RIMM as an example

joecgoodman is the reason for our trade invalidated?

Ken-ST Moderator: invalidated/

joecgoodman we liked it because it broke lod

Ken-ST Moderator: everything still looks good on RIMM

Ken-ST Moderator: yes

joecgoodman now it has been above lod for quite some time

Ken-ST Moderator: No support below

joecgoodman okay

Ken-ST Moderator: but still in trend

joecgoodman gotcha! thx

Ken-ST Moderator: some times the stock may trade sideways and consolidate until the MAs catch up

Ken-ST Moderator: no way of knowing if it will do that or not

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Ken-ST Moderator: but as long as still in trrend, we like it

joecgoodman ok

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joecgoodman another Q

Ken-ST Moderator: sure

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joecgoodman I'm assuming you have a reason for taking profits at 1% and setting stops at 1.5%....I'm wondering if....

Ken-ST Moderator: Just on Type As

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joecgoodman you've done any analysis as to whether or not it would be profitable to

joecgoodman let profits run longer or set stops closer?

Ken-ST Moderator: we have structured Type A alerts so that traders can do them at the start of the day

Ken-ST Moderator: set their alerts and be on their way

joecgoodman so you want to give A's more room?

Ken-ST Moderator: While testing our strategy we noted that 1 1/2% was an good initial stop for it.

Ken-ST Moderator: That is just the initial, after that we scan for a tighter stop

Ken-ST Moderator: many times we tighten right away

joecgoodman ok - I'm happy to hear you've looked at it and I assumed you most likely had.

James-ST Moderator: Any other questions or comments?

joecgoodman thx for the info

Ken-ST Moderator: sure np

James-ST Moderator: Market broke the 50 ema on the 5 minute chart.....last 3-4 weeks the 50 ema has been useful in determining the market trend and in finding support/resistance to the market.

James-ST Moderator: Watch here if this is a test of the 50 ema as support or a break in the market trend

James-ST Moderator: For new guys here, we suggest that a 5 minute candlestick chart of the SPX be kept open to give you a visual of current market conditions, overlay this chart with 5, 20 and 50 ema and slow stochastics.

James-ST Moderator: Market new LOD

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James-ST Moderator: Choppy trading action, results today are not up to par, we will get on track.

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kim Is there a tighter stop for RIMM?

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Ken-ST Moderator: Kim, the stock took a dive from 58.75 area with no real resistance area to note

Ken-ST Moderator: the 20 ema on 5 min is a resistance factor

Ken-ST Moderator: it is currently at 58.00

Ken-ST Moderator: But I cannot find a resistance area above that to set a stop

Ken-ST Moderator: I want to give this room to move

kim Thats what I thought   Thanks

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James-ST Moderator: for you movie buffs

James-ST Moderator: see Stay, academy award winner there

joecgoodman it's just called 'Stay'?

James-ST Moderator: Actually avoid at all costs, don't see it, rent it, and even when it comes on free don't watch it.

James-ST Moderator: yes joex

James-ST Moderator: joec

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]RIMM 57.84[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]RIMM 57.84[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]RIMM 57.84[/b]

Ken-ST Moderator: Now we can move to the high of the recent rally

James-ST Moderator: Worst darn movie i have ever seen, never before have i felt compelled to ask for a refund.......

kim Meaning what "Stay" away

James-ST Moderator: yes kim

Ken-ST Moderator: lol kim

James-ST Moderator: But....as much as i hated that movie, i still urge you guys to see "Crash".......best darn movie of the year

joecgoodman Sandra Bullock.  Okay, I'll put it in my Netflix queue right now.

James-ST Moderator: ah

James-ST Moderator: another Netflix fan

joecgoodman since early 2001

joecgoodman less than 100k members

James-ST Moderator: I joined in March.....i love that service.....note when i joined stock went from 10 to 27 bucks

joecgoodman you must have the 1000 out at a time plan

James-ST Moderator: hahahha

kim lol

James-ST Moderator: Gift certificate.....have not canceled....have not watched movied much recently, allowed me to watch all the crap i missed las couple of years

James-ST Moderator: movies

joecgoodman it's great for that

James-ST Moderator: Actually though, when i think about it......there wasnt very many good movies i would recomend that i have watched.

joecgoodman c'mon now

James-ST Moderator: Must be getting old......actually enjoyed a lot of the "artsy" movies like Maria Full of Grace

James-ST Moderator: well joec, give me some recomendations

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

joecgoodman ok....just sec

James-ST Moderator: it also doesn't help when wife keeps queing up chick flicks....like anything with Reese Whitherspoon

joecgoodman here's my #1 best recommendation....but it's not technically a movie

joecgoodman 24

James-ST Moderator: The series?

joecgoodman Yes, the series.  Gotta gotta gotta start it from the beginning.

joecgoodman If you like artsy, a good foreign film is Brothers.

James-ST Moderator: ken actually gave me year 1.....found it too dramatized to my liking.......into Sopranos

joecgoodman I'm shocked!

James-ST Moderator: Brothers, ok.....will queue it up

joecgoodman particularly since you like Sopranos.  But I guess that's more drama, less intense.

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Ken-ST Moderator: wb

Vanja tnx

James-ST Moderator: joec, sopranos is "real"  24 is like watching a science fiction movie on speed.....

joecgoodman I love it.  How many episodes to you get through?

James-ST Moderator: 24

joecgoodman did you get through?

James-ST Moderator: season 1

joecgoodman wow!

Ken-ST Moderator: He knocks 24, but he loves it

Ken-ST Moderator: He watched the first season in 1 day

James-ST Moderator: 24's redeeming quality was Elisha Cuthbert.....the rest of the show is frenetic fiction......

joecgoodman IMO they make it seem very realistic

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James-ST Moderator: hey bear what is cooking

James-ST Moderator: ?

joecgoodman in later seasons they got a bit lax and let some implausible things happen

bearrally not much

James-ST Moderator: ok joec queued up brothers.....more suggestions

Ken-ST Moderator: Hey Bear

bearrally made a few bucks on cme, waiting for goog to make some kind of correction

joecgoodman ...waiting on NetFlix to email my rental history to me....then I'll see what has been good lately

James-ST Moderator: On recomendations, i have Boondock Saints and Downfall next.

bearrally didn't even know cme report this morning

James-ST Moderator: nice bear

joecgoodman you've probably seen all my older favorites....Good Will Hunting, Rounders, Saving Private Ryan, Glory, etc.

James-ST Moderator: yes, all great movies

bearrally james, dump lluck

joecgoodman Braveheart of course.

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

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James-ST Moderator: bear......you always say luck......but your timing on these high flyers, long or short has been impeccable lately.......

James-ST Moderator: CME, SHLD, GOOG, BOT......appears that almost all of your trades that you have told the room before hand have panned out to varying degrees of success.......

James-ST Moderator: Everyone else agree?

joecgoodman Phenomenon and Swordfish, to name a couple of John Travolta greats.

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joecgoodman 'Love Actually' surprised me.  Probably a chick flick.  Very entertaining and heartwarming.  Great acting.

trdr45 yes Bear you have an eye for these things

James-ST Moderator: "John Travolta greats" is a questionable statement.......

joecgoodman Collateral (Tom Cruise and Jamie Foxx) very good.

James-ST Moderator: Collateral.....very good

joecgoodman Have you seen Phenomenon, James?

James-ST Moderator: yes

James-ST Moderator: 3.......1-10 scale

joecgoodman Robert Duvall is SUPERB in it.  He'll make your eyes water if you have a heart.

James-ST Moderator: Love Actually.......9.......very witty British humor

joecgoodman what about Swordfish?

James-ST Moderator: 3.......

joecgoodman okay...now I've got your number.

James-ST Moderator: Crash........9.....emotional roller coaster

James-ST Moderator: Phenomenon.....i won't critisize the actiing.....the whole premise of the movie just didnt do it for me......

joecgoodman I hated ALL the batman movies.  The new one one is a winner.  Anyone agree?

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James-ST Moderator: New Batman.....receive it today......8.......makes you wonder what they were doing on the first 3

James-ST Moderator: hey tms

TMS Hi first time on

bearrally james, you are making me blush

James-ST Moderator: welcome aboard......we are in the lunch period.......so not much trading action.......just shooting the wind now......

bearrally tms, welcome

joecgoodman TMS, my second day here, and I'm VERY VERY impressed.  Not my first room either.

James-ST Moderator: tms.....ovserve us for a few days, especially in the mornings........feel free to ask questions or to bring up stocks of note.

Ken-ST Moderator: Hi TMS

James-ST Moderator: hey thanks joec

Vanja I am still very new here, I have a question. If the buy point on something is let's say 23.01, how do you manage to buy so fast when it gets to that point? Buy the time I click buy it is usually at least at 23.21 already

Ken-ST Moderator: Vanja you need to get on Direct Access if you are not already onit

Ken-ST Moderator: setup your hot keys

bearrally direct access vanja

Vanja I'm not sure what direct access is

bearrally ups sorry ken

Ken-ST Moderator: Talk to Todd here in the room, he can set you up with a real time Simulator

James-ST Moderator: joec, you have anything else offhand?  i only have 3 in my queue, need to fill it up....

Vanja ok thanx

jy WIRE just broke down new lod

bearrally rimm, wait until all instutions exited, this will be a 10 bucks stock

James-ST Moderator: wow.......it was sailing there for awhile.........WIRE hopefully we can get some consolidation for a nice short entry after lunch......nice gap below it to fill.

joecgoodman I have 'The Beat That My Heart Skipped' in my queue...foreign film...don't remember why I chose it.  Haven't seen it yet.

bearrally ok gang, see you all in a bit

joecgoodman but I don't think our tastes overlap much

James-ST Moderator: ok bear

Ken-ST Moderator: ok bear

James-ST Moderator: nah joec, sounds like it does

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James-ST Moderator: except for "John Travolta greats"

Ken-ST Moderator: James, he doesn't like Van Damme films

Ken-ST Moderator: Market consolidating around the MAs

joecgoodman c'mon now, you know he's good, don't have to like Saturday Night Fever :-)

joecgoodman lunchtime doldrums consolidation?

James-ST Moderator: yep joec

jy RIMM - I hope it won't go up to stop.

James-ST Moderator: next thing you are going to tell me joec is Broken Arrow and Face Off should have won Academy Awards.

joecgoodman Broken Arrow was so incredibly boring I couldn't believe it.

joecgoodman The shoot out in Face Off done in the chappel in slow mo with Somewhere Over the Rainbow playing in the background was bold stuff and definitely held your attention, you gotta admit.

gp Surprised that no-one has mentioned Pulp Fiction yet?

joecgoodman haven't seen it

Ken-ST Moderator: I like Travolta

Ken-ST Moderator: although not all his movies

joecgoodman I bailed on RIMM, sorry to admit....should I look for another entrance up here?

Ken-ST Moderator: lol, I liked Phenomenon

Ken-ST Moderator: No joec

joecgoodman I bailed with enough to cover my commish...sideways made me nervous.

Ken-ST Moderator: if you are out, do not re-enter

joecgoodman okay...I'll stand aside.

gp joec - you should see Pulp Fiction. Travolta's best film in my view..

Ken-ST Moderator: yup that was his big comeback file

Ken-ST Moderator: film

joecgoodman it isn't just all violence?

James-ST Moderator: wait

James-ST Moderator: you mean to tell me you have not see Pulp Fiction?

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

joecgoodman thought it was all gratuitous violence

James-ST Moderator: That will open up a whole new genre of movies.....from Kill Bill to Lock, Stock and Two Smoking Barrels.....wow you are lucky.......

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joecgoodman so you either like that genre or artsy fartsy?

James-ST Moderator: Very heavy violence.....but the genius behind the movie is impecaable

joecgoodman eclectic!

James-ST Moderator: joec, True Romance?

Ken-ST Moderator: 5 min EMAs have converged

joecgoodman so far I haven't liked Quentin Tarantino...guess I have a weak stomach.

joecgoodman Ken, what does that mean?  5 min. EMAs have converged?

joecgoodman Oh,nevermind.

joecgoodman You mean the 5, 20 and 50.

joecgoodman a little slow on the uptake here

James-ST Moderator: ah ok.....True Romance was a movie he wrote......so tame on violence......Lock, Stock 2 SMoking Barrels is a British flick......fantastic movie.......

Ken-ST Moderator: Sorry the 20 ema and 50 ema is what I am referring to

joecgoodman actually, just the 20 and 50, right?

joecgoodman jinx

Ken-ST Moderator: lol

James-ST Moderator: Rosa Parks passed away at 92......

joecgoodman right, saw a nice piece on her on the news last night

James-ST Moderator: If a man of color had sat down, he would have gotten beat to death......but as a woman, the police did not what to do......imo, she was hero to both causes, women and minorities.

joecgoodman one act of courage woke up a giant (27 yr old MLK) who woke up a nation.

joecgoodman good point, James.

James-ST Moderator: The thing that i have to wonder about is ........

joecgoodman she stood a chance of getting beaten up even as a woman

James-ST Moderator: How the hell did she get to 92 living in Detroit?

James-ST Moderator: Market new LOD

jy RIMM is stubborn

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joecgoodman btw, James, Lock, Stock and Two Smoking Barrels is now in my Netflix queue.

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Ken-ST Moderator: Hi kraskew

Ken-ST Moderator: Ok gang, we are still in lunch period

jy RIMM stop still is 57.84

Ken-ST Moderator: yes

Ken-ST Moderator: Watching offer

jy it's close

Ken-ST Moderator: first day here krasskew?

kraskew yup

Ken-ST Moderator Update!

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

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

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

Ken-ST Moderator: Good to have you

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

kraskew thanks

Ken-ST Moderator: not much trading going on

ahk kras have some lunch

kraskew k

Ken-ST Moderator: We will open the alerts up again at 1:30, perhaps as early as 1:00

ahk care for a RIMM sandwich?

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joecgoodman Ken and James, are you both in the same city? same office?

James-ST Moderator: nice joec, you will like that movie

Ken-ST Moderator: I am in Hawaii

joecgoodman That's not polite to say, Ken.

Ken-ST Moderator: lol

Ken-ST Moderator: Im in stinkin Hawaii

joecgoodman what do you do with the rest of your day, Ken, since you get off work at what, 11:30am?

Ken-ST Moderator: Always working on things

jy This is one of the worst days as I can remember.

Ken-ST Moderator: Working on futures setup

joecgoodman hey, I'm glad to hear that!

Ken-ST Moderator: It has been awhile

James-ST Moderator: yes, jy, just about to say that

Ken-ST Moderator: Market at top end of recent range

joecgoodman why is today a bad day....I'm too green to judge.

James-ST Moderator: Check results

trdr45 its the numbers to the left ...thye have meaning...lol

joecgoodman ah, I see what you mean.  it's a bad day for us, not necessarily a bad day for the market?

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jy it's -2.07

ahk we also missed the winner in CNET

ahk but who's counting?

ahk :)

ahk and.................. ITWO  no borrow.

ahk so the resulkts are optimistcally overstated

joecgoodman I made 1.20 in BIDU instead of .84, so the results are pessimistically understated. :-)

Ken-ST Moderator: yes

joecgoodman spx making new lows

James-ST Moderator: yes, market new LOD

James-ST Moderator: wow WSJ poll reports first time majority of Americans feel invasion of Iraq was wrong

joecgoodman since we warned Saddam we were coming in if he didn't let us look around, should we have not gone in? just let him call our bluff?  or should not have said we would invade in the first place?

jy james/ken, IMCL is not listed as open on the left panel

Ken-ST Moderator: Ok ty jy

James-ST Moderator: TY JY

James-ST Moderator: as a card carrying republican....i can say i did not agree with Bush from the start.....

James-ST Moderator: I think if Americans knew it would cost us a Billion dollars a month and 2,000 lives most would agree.....

joecgoodman yes, I'm also a Republican, and I might have agreed also.

joecgoodman I wonder what the alternative would have been?

James-ST Moderator: Since the start of the war....imagine if every state was given a 200 milliion dollars a month?   We would have a lot better schools, police.....infrastructure.....

joecgoodman Saddam is without doubt our generation's Hitler.

James-ST Moderator: agreed

James-ST Moderator: but, in this day in age there are alternatives.......

joecgoodman one point....the Constitution makes education the states job and defense the federal government's job.

James-ST Moderator: embargo and economic starvation comes to mind......look at Cuba and N. Korea......we have not shed any lives yet those two are non factors

joecgoodman we tried that

joecgoodman it's really a hard situation

James-ST Moderator: yes....but we would have nicer roads then

joecgoodman that's the trufus Lufas

jy CME - what a comeback

Ken-ST Moderator: yes impressive

joecgoodman sndk approaching hod

jy best play I did today - shorted SNDK pre-market at 57.1 and covered at open 55.69.

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James-ST Moderator: Those NYSE high flyers that bear plays can give a guy ulcers......dont know how bear does it.......15-20 point move for BOT, CME is nothing and can happen in 15 minutes

Ken-ST Moderator: wb kim

joecgoodman oooo, nice one jy!

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Ken-ST Moderator: nice jy

Ken-ST Moderator: wb kraskew

jy ty

joecgoodman .

joecgoodman jy, that was a brave stock and pattern to short....what was your insight on that if I may ask?

joecgoodman just thought it was overbought?

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James-ST Moderator: hey alaska

alaska hi all

jy SNDK gapped up to after earnings two days ago. The stock went down yesterday beofre the market move up big. profit taking. today I set a stop at 57.61.

James-ST Moderator: Market new LOD

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LCAV 44.13[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LCAV 44.13[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LCAV 44.13[/b]

jy using part of my GOOG profit to play SNDK.

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PLAY 21.47[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PLAY 21.47[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PLAY 21.47[/b]

Ken-ST Moderator Update!

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

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

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

Ken-ST Moderator: brb

alaska ken does the support back in june and july in that PLAY price range effect the trade plan?

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James-ST Moderator: good eye alaska, we should be able to get 1% out of it though

James-ST Moderator: Note this morning we noted the market broke the 50 ema on the 5 minute chart.....since then the market has used it as resistance to the upside.......

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James-ST Moderator: Market new LOD

James-ST Moderator: Questions or comments?

joecgoodman the 60 min. chart of OEX or SPX looks like a replay of 10/19-10/20.

joecgoodman it's batman!

James-ST Moderator: yes

James-ST Moderator: very volatile market......up huge one day, and giving it all back the next.......

James-ST Moderator: Note on the daily chart of the SPX.........

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joecgoodman big wig from Merrill Lynch on CNBC said to expect that today.  Now he has the bighead.

joecgoodman at cob today, time to buy calls on the OEX

James-ST Moderator: We broke trend on 10/5 crossing well below the 50 ema......we may see the the 20 and 50 day ema as resistance to upside.....market remains in overall downtrend on the daily charts.

joecgoodman I withdraw that comment.  It's not inline with the methodology of this room.

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James-ST Moderator: No joec.....feel free to mention any of your personal trades

James-ST Moderator: Other may find them of note.

James-ST Moderator: Whether you are a longer term bear or bull.....should not matter here.......everyday you wake up to whatever the market offers you.........and we are here to share trading ideas......

joecgoodman ok, thx. will do.

James-ST Moderator: in reality.......i think bearrally is the only true bear here...but when he says he trades you can see he does a lot of long positions as well.......he is all about amking money.

James-ST Moderator: making

joecgoodman I've wondered at times how a trader might do if he or she only took short positions, taking advantage of the adage that stocks take the stairs up and the elevator down.

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joecgoodman Ken/James, how can I send you an email with an attached video (funny) that I'm calling "Trading Makes You Feel Like  a Gazelle"

James-ST Moderator: ah, joec......many share that idea......i know of a guy who only looks for high flyers......his theory is that it is easier to find a stock sticking out like a sore thumb then finding a stock and hoping for it to go up.

joecgoodman can I email it to support@prodaytrading.com.....will you get it there?

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James-ST Moderator: yep

James-ST Moderator: anyways.....guy only looks for high flyers since they stick out like  a sore thumb......and waits until they show some weakness and shorts them.....

joecgoodman it's on its way.

James-ST Moderator: i guess that is what bearrally is waiting for on GOOG now.

James-ST Moderator: hey joec, wasnt that a commercial before on CNBC?

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joecgoodman probably....I'd never seen it.  wife just sent it to me

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James-ST Moderator: hahahah, yes, a funny commercial

James-ST Moderator: Feel free to post it to room

joecgoodman how?

James-ST Moderator: lol

James-ST Moderator: actually i dont know how either

Ken-ST Moderator: back

joecgoodman we're LCAV!!!

joecgoodman SHORT TRIGGERED

joecgoodman right?

ahk not paying attention

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]LCAV 44.13[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]LCAV 44.13[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]LCAV 44.13[/b]

Ken-ST Moderator: sorry, just got back

Ken-ST Moderator: getting situated

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LCAV 44.80[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LCAV 44.80[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LCAV 44.80[/b]

James-ST Moderator: Researching notable earnings this week.....often a precursor to oru gap plays:

James-ST Moderator: Today:

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James-ST Moderator: CKFR

James-ST Moderator: FFIV

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James-ST Moderator: INSP

Ken-ST Moderator: wb tms, jfagan

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James-ST Moderator: Tomorrow:

James-ST Moderator: BIDU

James-ST Moderator: wow

James-ST Moderator: that one will be interesting

James-ST Moderator: BIIB

James-ST Moderator: ESRX

James-ST Moderator: Thursday:

James-ST Moderator: BEBE

James-ST Moderator: ELN....ah, remember this gapper awhile ago......creamed

joecgoodman big gap between where LCAV is now and yesterday's close....I like it for more than 1%.

Ken-ST Moderator: Gang, the market is telling us that despite the Hourly MAs that turned