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tomh gm

James-ST Moderator: HEY TOMH, ALL

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mark2 gm all........James

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James-ST Moderator: hey mark, ak

ak gm all

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gd gm all

James-ST Moderator: hey gd

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alaska gm

James-ST Moderator: hey gd, roger, alaska

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James-ST Moderator: hey traderbob

TraderBob Morning James

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James-ST Moderator: hey jovid

jovid gm J

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Todd-SOF Direct gm everyone

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JP GM

worm IRBT

James-ST Moderator: hey todd, jy, jp, worm

James-ST Moderator: IRBT trading into congestion

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irachmiel gm

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James-ST Moderator: hey irach, tms

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James-ST Moderator: hey bruno

BRUNO3 GM

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MarkB Good mornig All

izzy GM Mark

James-ST Moderator: hey mark

BRUNO3 I HOPE SOMEONE CARRIED A SHORT POS. IN AMGN INTO THE CLOSE, COVERED IN THE 75.50 AREA AND GOT LONG

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James-ST Moderator: hey dana

James-ST Moderator: you are long bruno?

James-ST Moderator: nice

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jy gm

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James-ST Moderator: hey jy, jp

BRUNO3 NOPE ! -  I THOUGHT I COULD BY IT UNDER 75 BUT IT WENT RITE BACK UP - DUMB !!!!

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James-ST Moderator: ah bruno

James-ST Moderator: hey jb

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izzy bruno:  i wish i had

johnboy good morning James, Ken, everyone

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James-ST Moderator: hey reserve

MarkB Hey Izzy you see now why we were worried about the overnight hold

izzy no, what happened?

James-ST Moderator: AMGN back up

izzy oh wow

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James-ST Moderator: hey david

david Morning James

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James-ST Moderator: hey hunter

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izzy hm, i bought this japanese stock for $1, but it's trading at $600,000 share, that's odd...

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Hunter : gm James how ya doin ?

izzy LOL, did anyone here about that?

MarkB Its at 79.50 right now

James-ST Moderator: great hunter, lol izzy

izzy wow, AMGN is an evil SOB

worm1 IMCL ?

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MarkB her we go!!!

TraderBob They're all evil

James-ST Moderator: congestion worm

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SFCC 20.01[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SFCC 20.01[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SFCC 20.01[/b]

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James-ST Moderator: [b]Watching for Type A Short on[/b] [b]WEBX 22.15[/b]

James-ST Moderator: [b]Watching for Type A Short on[/b] [b]WEBX 22.15[/b]

James-ST Moderator: [b]Watching for Type A Short on[/b] [b]WEBX 22.15[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]APOL 65.74[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]APOL 65.74[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]APOL 65.74[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SNDK 53.56[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SNDK 53.56[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SNDK 53.56[/b]

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James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SNDK 53.56[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SNDK 53.56[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SNDK 53.56[/b]

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BRUNO3 STOP ON SNDK ?

James-ST Moderator: LOD

James-ST Moderator: GNSS we will not chase it......oversold and near support levels

James-ST Moderator: APOL fading gap

James-ST Moderator: ATVI looking for consolidation

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gd apol running

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James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]KOSP 63.10[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]KOSP 63.10[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]KOSP 63.10[/b]

irachmiel apol-uptrend?

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James-ST Moderator: yes, completely faded gap....

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James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SFCC 18.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SFCC 18.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SFCC 18.49[/b]

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James-ST Moderator: SFCC CLOSE

Hunter : James, abgx ?

James-ST Moderator: BUYOUT CASH

Hunter : ah thx

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irachmiel James apol?

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alaska what the heck is going on with apollo?

James-ST Moderator: Yep irach, APOL aboslutley no consolidation for a logn trigger

James-ST Moderator: long

izzy it's going to the moon

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]SNDK[/b]

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]SNDK[/b]

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]SNDK[/b]

James-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]SNDK[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]KOSP 63.10[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]KOSP 63.10[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]KOSP 63.10[/b]

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James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]KOSP 64.56[/b]

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James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]KOSP 64.56[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]KOSP 64.56[/b]

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James-ST Moderator: hey entropy

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James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SFCC 18.49[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SFCC 18.49[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]SFCC 18.49[/b]

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

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

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

jy KOSp handsome

James-ST Moderator: SFCC actually hit profit........

Dusty I couldn't get any SFCC!

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SFCC 18.91[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SFCC 18.91[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SFCC 18.91[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ATVI 13.91[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ATVI 13.91[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]ATVI 13.91[/b]

James-ST Moderator: KOSP NEW LOD

izzy haha, i can't sell SFCC short

amlo Me too.

MarkB me too

izzy i think $20 is the minimum for shorting stocks?

MarkB I made a quick 4 bills with kosp though

jr same here

izzy mark: 4 bills?

James-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]WEBX 22.15[/b]

James-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]WEBX 22.15[/b]

James-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]WEBX 22.15[/b]

James-ST Moderator: KOSP NEW LOD

izzy KOSP, long?

irachmiel sndk uptrend?

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James-ST Moderator: Does not fit strategies, maybe during lunch we can find a Type C long trigger if we can find support

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James-ST Moderator: Very much in a downtrend

James-ST Moderator: New LOD for KOSP

jy KOSP wow

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izzy i shoulda stuck with KOSP

James-ST Moderator: GNSS relatively close to long trigger

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izzy i thought we weren't touching GNSS?

jr what is the trigger?

James-ST Moderator: APOL........the reason we do not chase.......lose 3 bucks in a heart beat

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jy GNSS long at hod 18.71 ?

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GNSS 18.71[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GNSS 18.71[/b]

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]GNSS 18.71[/b]

James-ST Moderator: Nice jy......you got it

izzy JAMES:  You said we were not chasing GNSS, oversold and at support levels!!!

James-ST Moderator: izzy......yes.........

James-ST Moderator: that is for a short

izzy oh, sry

James-ST Moderator: but we have a logn trigger

James-ST Moderator: long

izzy i got scared

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

izzy hha

James-ST Moderator: There we go APOL.......shake out all the shorts and come back to us......be patient gang......

Hunter : at least he didn't holler at you izzy ! lol

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izzy heh, yea

James-ST Moderator: lmao hunter i was about to

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

izzy wow, kosp

bigb kosp falling like a rock

James-ST Moderator: KOSP NEW LOD

izzy under 60

izzy yea

jr atvi on the left is wrong

James-ST Moderator: ty jr

jy market going crazy

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

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

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

izzy CPI is released some time today

James-ST Moderator: adios SFCC

jy CPI released at 8:30 a.m.

jy ken, we are not doing futures today ?

James-ST Moderator: ken is off the next two days jy......

izzy oh was it?  i don't pay attention to news much any more.....  obviously

jy ty james

izzy i heard CPI is being releasd on my drive into work at 7:30am, so that's why.....

James-ST Moderator: jy, you missed Ken talking about it?  he is going to the Trader's Expo in Las Vegas with Bearrally

Dusty Is that the one with Dr. Elder?

James-ST Moderator: Yeah, they also said they weren't going to gamble......

jy i c

jy i bet lol

James-ST Moderator: Dusty, the Expo is HUGE......

izzy James: they gamble all day for a living, why would they do it when they're off????

BRUNO3 ANY REASON THE GRID IS NOT UPDATING ?

izzy Bruno:  you have spyware, I can fix that for $65/hr

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James-ST Moderator: Click on the left panel and press the back space, should refresh for you

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izzy ouch

James-ST Moderator: Got it Bruno?

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BRUNO3 I'VE TRIED THAT BUT NOTHING

izzy F5 or CTRL+F5 refreshes in IE

James-ST Moderator: ty izzy, or relog Bruno

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James-ST Moderator: SFCC new LOD

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

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James-ST Moderator: hey jy..........i see someone smiling at your house......those puts doing well?

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MarkB SEICtanking

James-ST Moderator: [b]Watching for Type A Short on[/b] [b]SEIC 38.11[/b]

James-ST Moderator: [b]Watching for Type A Short on[/b] [b]SEIC 38.11[/b]

James-ST Moderator: [b]Watching for Type A Short on[/b] [b]SEIC 38.11[/b]

jy james - it's a bear call spread, pretty conversative 585 - 590 OEX

jy yes it's in the money

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

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

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

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

jy SNDK sweet

ak are we going short GNSS or not?

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James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GNSS 17.84[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GNSS 17.84[/b]

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James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GNSS 17.84[/b]

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BRUNO3 STRANGE DOING ON YAHOO THIS MORNING

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James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]WEBX 22.33[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]WEBX 22.33[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]WEBX 22.33[/b]

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

James-ST Moderator: and jy is smiling ear to ear

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

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

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

James-ST Moderator: SFCC new lod.......

James-ST Moderator: Feel free to bring up stocks of note or personal trades.......

izzy MSFT is sitting around LOD

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

izzy amazing

James-ST Moderator: KOSP.....reason why you don't try and guess a bottom

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izzy too bad we got out

James-ST Moderator: Best support 57.50ish area

James-ST Moderator: Well, you could have rode secondary

izzy hm... true

bigb kosp only trade i didn't get in on :(

James-ST Moderator: APOL......reason why you do not chase runners.....wait for consolidation to set up triggers and stops.....could have gotten wiped out either way with a 5 dollar move up and 4 dollar move down in a heartbeat

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izzy yea, i realized yesterday i am not a risk taker, my heart is too weak

James-ST Moderator: will find another one for you bigb.....

bigb thx

James-ST Moderator: GNSS milling about in the middle of the day's range

James-ST Moderator: ATVI as well.......

MarkB GNSS bull trapped me and now i'm stuck in the corral

MarkB everything just got real quiet at WEBX

James-ST Moderator: Note how the strategies, keep you from chasing stocks......or entering stocks that define their daily ranges and do nothing after wards

irachmiel or going down as apol

izzy James:  explain the "define their daily ranges and do nothing afterwards"

bigb stay in the same range rest of day

reserve James, what does your stoch indicator  say about the condition of the mkt

James-ST Moderator: izzy....a stock makes a high and low for the day and breaks neither for the rest of the day

izzy bigb: but, what part of the strategy helps us define a stock that does that??

izzy or james

James-ST Moderator: reserve....Market is nearing oversold levels and on the verge of heading back up

bigb breaks resistance, new highs. new lows

James-ST Moderator: market remains under all moving averages ont he 5 minute chart however

reserve thanks

James-ST Moderator: izzy...when a stock makes a new high/low of the day and pulls back off of those levels....it creates a natural resistance point for a stock.....those resistance points combined with our strategies help us to enter (or avoid) stock trades

izzy oh i see, so when it goes passed that resistance, that's what we look for?

James-ST Moderator: exactly.....GNSS, if you pull up 5 minute chart created a high and low for the day and is smack in the middle of it.......if it would break either, we know which way the stock wants

izzy if it breaks either high or low, or if it moves away from that middle up/down?

James-ST Moderator: We can also adjust, or cancel trigger by looking back on daily charts and seeing any past resistance/support levels

James-ST Moderator: triggers

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reserve Thanks for a great AM!!  Missed the KOSP call but made it up short CELG. See you PM

James-ST Moderator: fantastic reserve

James-ST Moderator: you taking a break?

James-ST Moderator: SEIC relatively close, volume is on the thin side so use discretion

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James-ST Moderator: SNDK new HOD.....nice runner

reserve Whenever I make more than $1000, I stop trading until after 12:30

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

James-ST Moderator: Great!   I love hearing that........

izzy hm

James-ST Moderator: take a break

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James-ST Moderator: Overtrading does nothing but pay Todd's rent

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

izzy LOL

izzy things get quiet from now till about 1pm?

izzy typically?

James-ST Moderator: Limit your trades to few solid trades a day.......if you hit your goal.....call it a day

izzy so, ur saying i should have goals?

izzy u sound like my high school teachers...

izzy :-P

James-ST Moderator: At 11:00 we will cancel triggers to conincide with lunch "hour" on Wallstreet......and we will open up afternooon triggers at 1:30

izzy hm, ok

James-ST Moderator: izzy you still in high school?

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

izzy james: nope

izzy i am still in school tho!

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James-ST Moderator: Lunch hour on Wallstreet sees declining volume and head fakes.......we note that triggers occuring during lunch have a signifcantly lower success rate and often may inidcate a top/bottom for a stock, thus The Type C triggers

izzy /action yawn

James-ST Moderator: SNDK new HOD.....

Dusty James is there a good way to play the secondary? Do you have any data on how many trades hit 2%?

James-ST Moderator: The videos detail a good way to keep a secondary......others here use different methods......including using a dollar amount trailing stop, or simply using a 1% trailing stop

James-ST Moderator: Our videos use the a close below the 5 ema ont he 5 minute chart as a stop......see SNDK 5 minute chart?  You would not have been stopped in SNDK and would be riding a ncie secondary

James-ST Moderator: KOSP you would have been stopped at 60.60.....still 2.50 points riding the secondary strategy

James-ST Moderator: KOSP new LOD

Dusty got it. Thx. I bought the video. I think I need to re-watch.

James-ST Moderator: KOSP at 10:35 was first close above the EMA

James-ST Moderator: 4% secondary

James-ST Moderator: KOSP 5 bucks past trigger a good 8% runner

James-ST Moderator: SNDK approaching HOD...still never closed below the ema.......you would still be in that.........

Dusty KOSP was tough for me. I could only get 50 shares. I cancelled my order after my buy was missed by .2. I should have tried to trade it on the ARCA to see if I could have gotten a faster fill.

James-ST Moderator: Yeah rough......sometimes caution is frustrating, but hopefully it was a profitable trade

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Dusty yes. Made a little bit. Nothing to complain about. The last two weeks have been a steep learning curve for me (read as expensive). Learning to be conservative and less emotional is helping quite a bit.

James-ST Moderator: great

Dusty see you in the PM! Thx for a good AM.

James-ST Moderator: ok dusty

jy there is no new on KOSP - but I think it has osmething to do with its MRK partnership.Since MRK is going to acquire ABGX.

bigb sndk making new highs

James-ST Moderator: SNDK new HOD

bigb ive got news on kosp

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

bigb says one of their drugs is still slowing

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izzy okay, see u in the PM

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James-ST Moderator: KOSP 11% runner

alaska did anyone stay in kosp, and are you taking us all on vacation?

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

James-ST Moderator: lmao

James-ST Moderator: Questions or comments gang?

James-ST Moderator: What is everyone buying me for Christmas?

ak How about an Alaskan Cruise??

alaska good job James

amlo Good Job, James. Thx for all your help.

James-ST Moderator: Been TO Alaska twice for Salmon fishing........it is like National Geographic up there.....been on a Cruise before in the Caribean.....could not stand the ride.........

James-ST Moderator: ty alaska alaska, amlo

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alaska MO dropping nicely but it is NYSE

James-ST Moderator: NYSE is a crime....those guys manipulate those stocks however they want

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

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bigb i held onto webx, now holding close to even

bigb sndk new hod

jy are you watching a free fall - KOSP

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James-ST Moderator: KOSP has got to be one of the biggest runners we have had in awhile......10 bucks......15%?

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bigb that would have been great....ill catch it next time

James-ST Moderator: SNDK new HOD

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alaska wow, I keep doing 100 share quick trades and making good money, in and out

James-ST Moderator: Good alaska.....just be careful bud

alaska 75 cent range constantly

James-ST Moderator: dont get caught up in the snap back

alaska only 100 shares

alaska when i'm in it is for about 15 seconds

James-ST Moderator: good nice

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bigb wow 53 and falling

alaska I think it's near it's bottom, the range is shrinking

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bigb look at sndk go

david Gotta go.  Great call James on SNDK.  Thks.

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bigb on good volume

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James-ST Moderator: Going to lunch gang.........

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bigb see ya pm

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jy Made a quick profit on APAOL short - earning call at 11 a.m. stock free falling

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jy APOL

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alaska Hey, did I call the bottom on KOSP or what!

James-ST Moderator: Ah very nice alaska

jy SNDK new HOD after new HOD

James-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]KOSP 55.35[/b]

James-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]KOSP 55.35[/b]

James-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]KOSP 55.35[/b]

James-ST Moderator: [b]Watching for possible Type C Buy on[/b] [b]KOSP 55.35[/b]

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Zia Hi james

James-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]KOSP 55.35[/b]

James-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]KOSP 55.35[/b]

James-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]KOSP 55.35[/b]

James-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]KOSP 55.35[/b]

James-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]KOSP 55.35[/b]

Zia uv done a sterling job in here on ur ow today

James-ST Moderator: [b]TYPE C Trade (Bottom). Consider Buy[/b] [b]KOSP 55.35[/b]

Zia :)

James-ST Moderator: hey thanks zia

jy profit

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

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

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

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

ak darn

jy the quickest profit ever

jy 20 seconds

alaska up $2500 in closed profits on KOSP today, awesome

ak I should not be taking a nap

James-ST Moderator: Could see that snap coming

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johnboy missed that James, but you da man

johnboy awesome alaska, you da man too

James-ST Moderator: well it looks decent......stochasticsare still up

James-ST Moderator: Thanks alaska.........

James-ST Moderator: And alaska, call it a day my man.....$2500 is good anyone's books.....

James-ST Moderator: Start shoveling snow

johnboy I tried to catch a falling Knife, got slashed to pieces, and got out breakeven........I know better than that........so I am in the penalty box the rest of the day......a breakeven exit never felt so good!

James-ST Moderator: lmao

alaska I'm playing very safe with only 200 shares and 1.5% trail stop

James-ST Moderator: SFCC new LOD

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James-ST Moderator: wb

TraderBob Platform locked up on me

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James-ST Moderator: [b]Watching for possible Type C Short on[/b] [b]SNDK 54.83[/b]

James-ST Moderator: [b]Watching for possible Type C Short on[/b] [b]SNDK 54.83[/b]

James-ST Moderator: [b]Watching for possible Type C Short on[/b] [b]SNDK 54.83[/b]

James-ST Moderator: May not even trigger.....no trigger no problem

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James-ST Moderator: KOSP Type C new high

James-ST Moderator: [b]Watching for possible Type C Short on[/b] [b]SNDK 54.83[/b]

James-ST Moderator: Questions or comments gang?

James-ST Moderator: Wow.......did you see those 3 4th graders counterfeiting money on CNBC?

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Zia yes i have a q

James-ST Moderator: ok

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Zia i understand u guys dont trade ur calls in this room?

James-ST Moderator: yep zia

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johnboy James only trades margarine

Zia lol

James-ST Moderator: or butter

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Zia well why is this diferent with Kes futures?

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James-ST Moderator: zia......it would be considered "pumping" and "dumping"......if we told everyone to buy a stock..........and sold into it......

Zia sure

Zia is the legislation different for futures?

James-ST Moderator: There was a notable stock guy Tokyo Joe during the internet boom.....remember him?

James-ST Moderator: He had a newsletter telling everyone to buy a stock which he had tons of, and would sell into the following run up.......i believe he is in jail

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James-ST Moderator: yes zia.....i believe futures are so liquid they cannot be manipulated

James-ST Moderator: hey cat

Zia right

Zia i had a feeling that was the situation

Zia jst checking tho becos things so different in UK

TraderBob Is it illegal to pump and dump?

James-ST Moderator: Well for a paid service it sure as heck is.......

TraderBob HMM

James-ST Moderator: I am sure you can try

James-ST Moderator: since you arent a paid service

TraderBob I know for a fact it is done by a larger "swing trading" service

James-ST Moderator: KOSP Type C Long is raking........

TraderBob who to report to.. SEC?

James-ST Moderator: Probably

James-ST Moderator: I am not sure the exact legality......I am 90% sure it is illegal.......i don't see how it can be legal

James-ST Moderator: Immoral to start right off the bat

James-ST Moderator: Hey alaska........awesome KOSP for bringin it to our attention

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

kimmroni J, when U issue a buy or sell order and the room follows this and say 24 traders in the room buy or sell 10,000 stocks does it have in your opinion any influence on the market (say for a stock that normally trades 400, 000 stocks daily)

James-ST Moderator: well for one.....there is no way we have enough traders here to do that......especially with the high volume ones like SNDK and KOSP today

James-ST Moderator: And .....to have that many traders 10k lots would be impossible.......bearrally is the biggest trader i know of.......thousands of shares at a time.....

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kimmroni I meant all traders together 10,000 at once

James-ST Moderator: yep, would definitely have an affect

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James-ST Moderator: but then again.....that imo is not a realistic scenerio

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Zia it is definitely illegal to plug shares and buy them too in the US

Zia and in UK too

Zia futures tho i have no idea, hence the q for james

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James-ST Moderator: yeah i cant imagine futures would be a problem....the scale of that is immense.....those hedge funds and tradign firms buy and sell millions and millions of dollars at a time

James-ST Moderator: Looks like we will probably cancel SNDK Type C watch

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James-ST Moderator: SNDK remains open.......

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James-ST Moderator: SNDK close

alaska what is the rationale on the sndk short? seems like a normal lunch pullback before continued upside dosn't it?

James-ST Moderator: Daily chart hit resistance......coming off of overbought levels........

James-ST Moderator: [b]TYPE C Trade (Top). Consider Short[/b] [b]SNDK 54.83[/b]

James-ST Moderator: [b]TYPE C Trade (Top). Consider Short[/b] [b]SNDK 54.83[/b]

James-ST Moderator: [b]TYPE C Trade (Top). Consider Short[/b] [b]SNDK 54.83[/b]

jy stop on SNDK

jy stop 55.21 or 55.48

James-ST Moderator: JY YOU ARE SO HANDSOME

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SNDK 55.21[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SNDK 55.21[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SNDK 55.21[/b]

jy 55.26 may be

jy I don't like to play SNDK that much - it's a tough stock

gd kosp on the move again...

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MarkB SFCC coming Back? James

James-ST Moderator: Well into congestion...does not fit any strategies

MarkB thx

Dusty James, on paper, would KOSP been a long again 54.94?

boomer JAMES...where is the daily resistance on SNDK

James-ST Moderator: Mid May boomer....11/18

James-ST Moderator: Right before it gapped down

James-ST Moderator: Sndk got to that area during lunch.......good sign of a top

gd nice fall on sndk

James-ST Moderator: good

James-ST Moderator: Sorry boomer........

James-ST Moderator: Mid November

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James-ST Moderator: wb guys

izzy thx

mark2 thx

izzy good to be back james

MarkB James do you have an opinion on ELN?

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MarkB izzy how ya doin s'far

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MarkB oh well

izzy hi

izzy doing okay, 1.3K up today

izzy looking for more ^_^

James-ST Moderator: Intraday....i would not chase it mark.......

James-ST Moderator: Very overbought

MarkB nice

James-ST Moderator: Daily chart is nice though

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MarkB Thinking more for tomorrow's watch

MarkB on the ELN

James-ST Moderator: I know someone who bought several thousand shares and 5-6 bucks......I am sure they are smiling now

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MarkB Izzy i did wellthis AM and gave back on some "educational" plays

James-ST Moderator: at 5-6 bucks

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

James-ST Moderator: Stop the education

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MarkB Weren't we in it a few days ago?

MarkB I traded it for a 10 cent loss

MarkB and now its up 2 bucks

MarkB I'am trying to keep from leaning TOO much Jsames

MarkB James

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kimmroni Whats up Kimmron

James-ST Moderator: not sure were in it?

James-ST Moderator: kimmron and kimmroni.....who is husband and wife?

MarkB 7 trading days ago

James-ST Moderator: ah

MarkB TOPT might be pulling out from its bottom

MarkB but itas a more surgical long term play

izzy from the name, i'd assume it's a tanker, a top tanker

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MarkB You got the big intuition izzy

izzy haha, no i'm just kidding on that one

izzy disclaimer: don't take any investing advice from me except for entertainment purposes only

izzy even tho i called AMGN yesterday ;-)

MarkB lol

izzy oh, btw, i called ameritrade, and yes, the end of the trading day to release day trade buying power is the end of the after market PM session

MarkB AMR looks ripe for a 50 cent reversal

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MarkB and I must add the same disclamer

izzy lol

izzy Mark: i'm just curious, what are you basing you statement on?

MarkB I use an analytic software called TC2005 by worden brothers

MarkB and I'm looking at the day's climb

MarkB seeing it slow and using

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MarkB the middle fibbonocci retractmebnts

MarkB just as likely it stagnates for an hour and keeps going up

MarkB just as likely it stagnates the rest of the day

MarkB But Izzy if you don't have this kind of software many providers will let you test drive for free

ak GNSS possible short post lunch? KOSP giving it up too.

gd nice move on ELN

izzy hm, yea i need some nice software, i'm using excel spreadsheets right now... not very advanced

izzy WOW, why didn't i hold on to KOSP... WHYYYYY

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MarkB Me too but it paid for my education this AM anyway

izzy eh, that's expensive

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]APOL 65.74[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]APOL 65.74[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]APOL 65.74[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]APOL 65.74[/b]

izzy wouldn't it be cheaper for a brain transplant from James??

izzy JAMES:  is it safe to touch APOL?

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GNSS 17.84[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GNSS 17.84[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]GNSS 17.84[/b]

MarkB This is what i tell O'Lady

James-ST Moderator: No trigger no problem izzy

James-ST Moderator: lmao mark

izzy lol

MarkB In theory it would be easier on both of us if i just went and paid for the happy ending massage

MarkB but in reality she won't give up the bucks

izzy LOL

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

izzy are those legal massages??

MarkB in my mind

izzy hahahaha

MarkB James that's about as far as I go with humor

MarkB I hope it isn't offensive to tothers

MarkB and let me know if a tone down is waranrted

izzy don't lie, u weren't joking :-P

James-ST Moderator: well for me, i dont mind

James-ST Moderator: any humor is fine with me

izzy yea, james is gutter minded

MarkB well it must be obvious by noe w that's how my mind works

MarkB let me know

James-ST Moderator: but yeah.....not too raunchy.......may offend Todd here, he still lives with his mom

izzy LOL

MarkB lol

izzy that's funny

MarkB How old is Todd

MarkB I don't know his mom do I

Hunter : Hey Mark you hear the one about the traveling salesman and the farmers daughter ?

MarkB I was outa town that weekend

Hunter : lol ! jk !

izzy i still do too tho, just went thru break-up with gf, so moved home for a bit

MarkB I hate when you guys talk about my daughter

James-ST Moderator: mental or physical age?

James-ST Moderator: Cmon SNDK hold your stop.....

Hunter : rotflmao ! !

MarkB James opinion AMR

James-ST Moderator: IF SNDK does hit our stop, HOD would be a valid trigger, however, we noted that would put us in past congestion......we will not enter.......

MarkB WEent up 30 cents while we were joking

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James-ST Moderator: Daily looks nice......not really a gapper

MarkB I've had my SNDK whipsaw this AM

James-ST Moderator: Breakout to all time highs.....would not try and guess a top........

MarkB That's the thing

MarkB AND WHYYYY

MarkB is it going now?

James-ST Moderator: We do not short stocks making all time highs......and this rule has proven golden dozens of times......

MarkB I'm with you

izzy IMO, AMR will say where it;s at for a while

izzy it's trading on solid good news

izzy i'm guessing...

James-ST Moderator: ask jy.....we have had many stocks int he past breaking out and members would call the top.......and those stocks would keep going.......i can't remember how many times a guy in here would call the top on GOOG intraday and the thing would go up another 10 points slaughtering our member

MarkB A dip fior a temporary rise is all I can see

MarkB unless profit taking becomes an issue

MarkB izzy is the expert on that

MarkB GOOG is the definition of POS

MarkB I tried a few times in the summer

MarkB but appearantly word on the street is

MarkB buy google when I sell

MarkB sell Google when i buy

MarkB Although that brings up SHLD on a longer term basis what do you think James

MarkB That 10 dollar range it's in is temptiong me

MarkB tempting

James-ST Moderator: Daily for SHLD, finally above that 50 ema for the first time since July.....overbought here.....but i think we may have seen the bottom at least temporarily

MarkB for the last 3 months

entropy J is ATVI a play lod?

MarkB Ambiguous though

MarkB ther is an intellectual diovergence between the las t weekas news and that tiny gap up in the last two weeks

James-ST Moderator: entropy.......

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James-ST Moderator: Intraday the chart looks nice for ATVI......

James-ST Moderator: 13.20 looks like support

James-ST Moderator: lets not play the first break

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

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

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

kimmroni SNDK is closed already

MarkB mensstral

kimmroni sorry my mistake

boomer another one bites the dust

James-ST Moderator: Always listen to the advice from the pshychologist in Alaska

kimmroni I just joined and haven't seen the open SNDK

James-ST Moderator: It was Type c

MarkB ATVI stron downtrend on the five

bigb i covered too soon on sfcc, would have made another 2k

MarkB but the one is being challenged

James-ST Moderator: good profit though bigb?

MarkB better to be pissed about the 10 bucks you made than LIVID about the 300 you lost

bigb 600 on that one

MarkB that was my education today

James-ST Moderator: yep

James-ST Moderator: So much for perfection....but some big runners today......

James-ST Moderator: Nothing as big as KOSP in recent memory......

bigb did anyone hold onto that?

James-ST Moderator: Sounds like alaska kept entering all the way down

MarkB appearantlyu I never got in

alaska I wish I hadn't played KOSP so small though, but I'm pleased.

MarkB looks like a helluva nice copnsistent downtrend though

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

bigb i missed my entry, then it fell too fast

MarkB I took profit early on KOSP

MarkB nuances of trading

MarkB that's why I'm here

James-ST Moderator: I think KOSP has already seen the bottom for the day.....capitulation occurred at 11:10 candle......triggering and profitng on a Type C is already a sign of strendgth

James-ST Moderator: strength

James-ST Moderator: Stochastics are still up on KOSP as well......

James-ST Moderator: Never know though......may not go up much but doubt it will break 51.59 by the end of the day

James-ST Moderator: That being said, watch them come out and say they are bankrupt now

MarkB THen anothe r terrific dopwn run

MarkB down

MarkB I slur when I type

James-ST Moderator: lol

James-ST Moderator: If an illegal alien has a child in the US, is the child an American Citizen?

izzy yes

James-ST Moderator: yeah, i thought so.....but that is ridiculous.....

izzy y?

alaska either that or a born criminal (illegal) !

James-ST Moderator: Kind of like saying....if a bank robber is found in the bank vault the next day he must be a bank employee.....

James-ST Moderator: How can a causal illegal act result in a US citizen?

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

izzy hm...

James-ST Moderator: Questions, comments, or anything of note out there?

James-ST Moderator: Market is relatively flat......

izzy KOSP sure isn't

James-ST Moderator: ATVI is close to a shor trigger which we will avoid.......if you do enter 13.45 appears to be a ncie tight stop.

entropy short sellers are saying SFCC is a scam and stock going to low single digits

izzy i can't short that one

MarkB In my opine KOSP is at resistance on the bottom and if it breaks it could see another 5 buck decline

James-ST Moderator: yep.....probably right mark

MarkB What a nasty monthly chart on SFCC

James-ST Moderator: lol....any stock that goes from 45 to 16 in a month has some serious issues entropy......those guys are probably right

MarkB LOL

MarkB Looking at ATVI

entropy shorts do seriuos dilignce

Dusty James, would another short on KOSP be logical at 53.79?

James-ST Moderator: Could work out dusty....overall trend would definitely be on yoru side.....but again....that candle at 11:10 looks like the bottom for the day........

alaska he's talking about an entry far above the LOD

MarkB KOSP might be at a right point for a well priced straddle

James-ST Moderator: yep i got it alaska.....

izzy i'm shorting KOSP at 54.1, looking for about 50 cents

alaska how would you do that Mark?

izzy i'm not in yet, i didn't catch it in time

James-ST Moderator: Keep in mind.....I can't give triggers outside of strategies guys........just a little of what we see in the charts......

izzy i could be wrong, but KOSP is gonna run down a few bucks...

James-ST Moderator: In other words.......dusty i see what you are looking at, and agree with your assessment....but i can't say go for it.......all i can say is, if you enter, enter with a strategy and a stop in mind

izzy 1-2...

Dusty understood. I'm still learning. Far from there yet!!!

kimmroni The stats prove that sticking with the strategy makes an average of about 13 pts/month. Good enough for everyone  I think

bigb %??

James-ST Moderator: ATVI....would be a trigger......13.45 recomended stop

James-ST Moderator: Sorry about SNDK.....stop may have been a little too tight

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

gd nice short on kosp

MarkB AK I wasn't ignoring but had to go to anothe rpart of my cyber investing woorld

Dusty James, it worked out. Not sure if it was dumb luck on KOSP. 53.79 in and 53.1 out.

MarkB How would I do what place a straddle?

James-ST Moderator: Fantastic!

James-ST Moderator: Darn SNDK......

MarkB NICE DUSTY

entropy J SNDK re-enter?

MarkB SNDK has teased me since its first lull

MarkB I won't short it again today

James-ST Moderator: Not for us.....use 55.24 if you do short it

James-ST Moderator: 55.24 stop

MarkB but it does hang there and look like it's a tumbler

MarkB I agree

MarkB some kind of major profit taking

alaska kosp tried to break the 20ema in 1 min candle and couldn't do it

izzy anyone in KOSP with me?

alaska I'm short 200 shares izzy

Amlo i was and got 45 cents.

MarkB You long or short izzy

izzy short

izzy i got in at 53.21, stupid market order...

izzy i think my charts are REAL late

gd be careful izzy

entropy has logged out

ak KOSP is approaching oversoldarea might turn back soon.

MarkB This is 2 days in arow you've saved me a trip to the casino for my adrenalin rush Izzy

izzy at what volume is oversold?

izzy lol

MarkB more selles than buyers

MarkB but dying volume

izzy when more sellers, that means price will go down or up?

izzy down right?

johnboy wow IZZY, you're braver than me....that KOSP looks to me like a slow burn fuse on a firecracker

bigb sellers are drying up tho when volume dies

alaska s&p futures falling a little, mabye in our favor with kosp

MarkB AK I STILL need a 124 spy for ten minutes by the end of day

alaska atvi new lod

MarkB u guys can have you rally back after that

johnboy well, off to town for some smoked salmon hash and eggs, sourdough toast, hollaindaise and fresh squeezed o.j............thanks James for today and good luck Izzy, I hope KOSP tanks for you!

MarkB And good luck John Boy with that byopassss

James-ST Moderator: ok jb catch you later

James-ST Moderator: lmao

johnboy lol MarkB

johnboy has left the room

Dusty JB that sounds great what town?

izzy thanks

bigb im still hoping for apol to trigger

izzy oh too late

Dusty I myself carry the weight of a marine mamal. Sounded like a great breakfast!

gd izzy what is your stop loss on kosp

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izzy gd... i don't have one input

izzy i'd say when the streams says -1000

izzy lol

bigb oh god lol

gd :)

James-ST Moderator: ATVI hit profit

MarkB I was re seeing apol too

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James-ST Moderator: ANyone play ATVI?

entropy me

James-ST Moderator: good job

James-ST Moderator: handsome

entropy ty

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

entropy a few bux

MarkB i misse dthe drop

MarkB spending too much time being funny

James-ST Moderator: [img id=em-0]

izzy any plays waiting for trigger?  if so, i'm just gonna cut my losses on KOSP

MarkB still ninety cents down for resistance

James-ST Moderator: APOL lod would be nice

MarkB on ATVI

izzy Mark: what do u mean?

izzy oh

izzy nvm

bigb apol is the closest but has resistance

bigb i dont know why tho, id treat her good

James-ST Moderator: lmao

MarkB just joined ATVI  top of day stop

MarkB lol

izzy KOSP is dropping now in a few seconds, if anyone is interested

MarkB you don't need help izzy your GODEN

bigb has logged out

MarkB moving stop to 50 cent on ATVI

izzy damn i'm good

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izzy LOL, no just lucky as... something really lucky

James-ST Moderator: Killer mark.....you are in ATVI?

MarkB GOLDEN

gd nice izzy are you holding out for death valley?

MarkB just now I missed the slip 45 minutes ago

Dusty has logged out

izzy man, i shoulda hung on longer

izzy oh well

izzy if it touches 52.8 agian, i might buy...