New York Global Securities says they have called for a short of all major international oil companies and oil futures on the belief that the price of oil will be coming down. They have recommend this action based on: 1) the 50% decline in the Saudi Arabian stock mkt, and the more than 60% declines of the UAE markets of Dubai and Abu Dhabi; 2) the fact that central banks worldwide have been raising interest rates; and 3) total construction in China and the United States has been slowing. The firm used these measures as a leading indicator for the price of oil. Based on this analysis they are predicting a decline in the price of oil and the concomitant decline in the stock price of the major international oil companies
jvt: sonc what's wrong with this stock why is it so strong
jvt: vsea so close yet sonc so far
mellowg: i got bail out on VSEA at 33.75??
jvt: yea it's at 77 now
jvt: here it comes
jy: VSEA
jvt: if sonc goes down im going to eat dinner there tonight :)
the-Don: u just wanna c the girls on the skates
jvt: dont have those girls down here hehe
Ken-ST Moderator: RBAK new trend lows
Ken-ST Moderator: intraday
Ken-ST Moderator: fromt he top
jvt: yea how come our sonc and vsea cant do taht
jy: Stop on SONC is 21.94 ?
Ken-ST Moderator: yes jy
conanboxer: What a fake rally.
Ken-ST Moderator: markt new lod
jvt: k vsea
jvt: give me one winner
jy: ty
mellowg: i got a winner RBAK made $0.98 total
JQ: oooooooooooooooooooommmmmmmmmmmmmmm
Ken-ST Moderator: ?
blk_lbl: lod TIE
the-Don: nice mellow
conanboxer: BRCM moved up impressively but stuck at 26...
mellowg: lol..could get only 100 shares
jvt: come on sonc u know u want me to eat there for dinner
Ken-ST Moderator: yikes
jvt: cha ching
jvt: vsea
the-Don: me 2 jvt
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]VSEA[/b]
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]VSEA[/b]
Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]VSEA[/b]
mellowg: ty ken.scott vsea
Ken-ST Moderator: gang you can thank Claudia for bringing up VSEA to the room
Ken-ST Moderator: ty claudia
jvt: claudia
jvt: thanks type c queen
JQ: take that you female dog
mellowg: humble tank ya claudia
claudia: yw
the-Don: thanks C
JQ: ty claudia your the best
the-Don: mwahhh
mellowg: now let us gang up on SONC
jvt: ocme on sonc i need to run to RR come on
mellowg: yeah...tell me which business traveller will let his laptop go in the checked luggages...not me
Ken-ST Moderator: wb anna
annabellab: hi, great job on rbak
Ken-ST Moderator: thanks for bringing it up to the room anna
blk_lbl: hell no mellow
blk_lbl: i knew a guy who loaded planes
blk_lbl: they throw those bags around like red-headed step children
annabellab: no prob
Ken-ST Moderator: sounds like an opportunity to put a broken lap top into your luggage
blk_lbl: yup
Ken-ST Moderator: then claim it and get a new one
mellowg: yup... and maximum value of check baggages us$200...yurkkk
Ken-ST Moderator: not that I would do it, but you know people will
blk_lbl: who would you claim it with... the airline?
Ken-ST Moderator: y
the-Don: laptop wd not be covered u need to take out travvellers insurance
mellowg: homeland security...ehehe
Ken-ST Moderator: but that would be crazy
blk_lbl: i bet that's a huge pain in the ass
Ken-ST Moderator: so many business travelers
blk_lbl: besides you'd have to back up all your data first also
the-Don: used to work for airlines so i know
mellowg: imagine...don
mellowg: viva...european high speed trains...
the-Don: lol
the-Don: how do u see sonic now ken
Ken-ST Moderator: it is squeezing between the 20 and 50 ema
Ken-ST Moderator: both MAs are converging
the-Don: up or down
conanboxer: If you cannot travel with laptop...it will be bad....In Europe, you cannot get on the plane with cell phones and ipods
Ken-ST Moderator: a tighter stop would be 21.76
Ken-ST Moderator: then 21.81
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SONC 21.81[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SONC 21.81[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SONC 21.81[/b]
Cale: OOOOOOOOMMMMMMMMM.........
the-Don: u mediating cale
mellowg: connan...imagine what this does to kids who don't know how to read higher than 4 grade
conanboxer: PAIN!!!!!
Cale: its my montra
mellowg: lol
Cale: while I mediatate
Cale: it helps the stocks go where I want them to
the-Don: mantra
Scott-ST Moderator: wb Anna
annabellab: Hi, internet connection probs, think its fixed now.
Cale: Don I can spell I am sorry
Scott-ST Moderator: LOL I cant spell either Cale
the-Don: think montra has diff meaning
Scott-ST Moderator: good Anna, cross your fingers
the-Don: u cd be swearing in swahili
the-Don: lol
Cale: lol
Ken-ST Moderator: lol
Cale: not sure there is a word montra
Cale: Montre
Cale: or Mantra
mellowg: calew ...snobbish pronunciation for "montre" grin
Cale: lol
Cale: oh now I AM A SNOB?
Cale: [b]I need a tissue[/b]
mellowg: well..if the hat fits...
Cale: [img id=em-2]
mellowg: lol
Cale: [img id=em-1]boo hooo [img id=em-1]
mellowg: gj cale
Cale: tissue please [img id=em-1]
Scott-ST Moderator: someone had Cale a Tissue please
Scott-ST Moderator: who hurt his feelings?
mellowg: SONC
Cale: no one did, I dont have feelings [img id=em-5]
Cale: now, do you ppl want me to push down SONC or not?
jvt: cale doesnt want SONC he wants a ding dong
Cale: okay then Be nice
mellowg: go cale go
blk_lbl: jack and coke is good
Cale: [i]Clap clap[/i] Here we go [b]SONC[/b] here we go [i]Clap clap[/i]
Cale: OOOOOOMMMMMM......
blk_lbl: TIe too TIe too
Ken-ST Moderator: market near the lod
blk_lbl: well it's about time ken
blk_lbl: you pushed it down here
Cale: ooommm...
mellowg: gj cale
mellowg: noooooooooooooo
blk_lbl: here we go *** cale OOOOOOOMMMM's *** here we go
rdub: clap clap
mellowg: get that edgx off
blk_lbl: oh i am mellow don't you worry your little had
blk_lbl: head
blk_lbl: jack does wonders for taking the edge off
mellowg: my little head is all right thak you
blk_lbl: oh great
blk_lbl: i knew this would turn into another type of chat room discussion
Ken-ST Moderator: market new lod
the-Don: can u see on level 2 if sonc has big sell orders?
mellowg: edgx 3600
mellowg: at .67
blk_lbl: what is edgx?
mellowg: one of the traders
blk_lbl: here?
blk_lbl: or you talking about an ecn?
mellowg: nope ECN
blk_lbl: oh ok sorry i am drunk
blk_lbl: al;kffiwehof
mellowg: that is right blk
blk_lbl: james isn't here to tell me not to drink
Ken-ST Moderator: haha
the-Don: ya where is he?
blk_lbl: so i had a few too many which isn't nearly enough
jvt: k we need bear in SONC
mellowg: edgx gone
blk_lbl: DAKT
blk_lbl: here we go *** market end of day in red *** here we go
jvt: come on mkt red red red
blk_lbl: cale where's my claps?
blk_lbl: rdub?
jvt: cale did u cover ur sonc or something?
blk_lbl: cale is off trimming his bonzai trees
blk_lbl: his name henceforth is mr miyagi
jvt: mkt making new LOD and sonc is going up
rdub: lol
blk_lbl: GRMN
blk_lbl: VRTX
blk_lbl: COLM
blk_lbl: DAKT
blk_lbl: FTO
blk_lbl: is that enough?
jvt: too many
blk_lbl: too enough
blk_lbl: COLM collapsed
blk_lbl: RMBS
blk_lbl: down down down
Cale: I covered my Long, thanks BLK for taking the short
Cale: still in that short?
Cale: ez money now
blk_lbl: TECHX Market View: Dow drops nearly 100 points off the session high of 11202 (11106 +18.17) -Update- -Technical-
blk_lbl: music to my ears
blk_lbl: uhhh eyes
blk_lbl: wait
blk_lbl: nevermind
mellowg: ok
blk_lbl: thanks mellow
blk_lbl: glad you are ok with it
blk_lbl: i was worried
mellowg: good
blk_lbl: i think cale may have been too
blk_lbl: his bonzai trees are bullish
blk_lbl: stupid miyagi trees
Cale: :)
JQ: sir. mr. miyagi calesirlot WTF???
blk_lbl: lmao
blk_lbl: exactly jq
jvt: mkt new lod
conanboxer: WOW DOW will end RED
JQ: =SMMC
jvt: dow is flat
blk_lbl: yep
blk_lbl: and who called the red action
blk_lbl: couldn't have been blk...he's too drunk
mellowg: if only SONC would follow DOW
blk_lbl: stupid drunk idiot
jvt: that would be very nice
blk_lbl: dude jvt... just short TIE
blk_lbl: thats the key
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SONC 21.76[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SONC 21.76[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SONC 21.76[/b]
Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SONC 21.76[/b]
JQ: It was sir. mister mister
Cale: honey all over my keyboard
Cale: Sh it
JQ: lmao
blk_lbl: lol
Scott-ST Moderator: Honey?
blk_lbl: i don't want to know
Ken-ST Moderator: Is that what they are calling it nowadays?
mellowg: the his mistress
Cale: was eating a peanutbutter and honey sandwitch
Ken-ST Moderator: wb
Cale: bah
blk_lbl: anna you may not want to enter the chat just now
Cale: spunk
Cale: love spunkmister
Cale: lol
blk_lbl: cale is "sharing"
Cale: she can hang with the best of us
annabellab: lol
Scott-ST Moderator: okay Gang PG please
Cale: sorry Daddy
blk_lbl: PG?
JQ: sir mister no eating or drinking during trading
blk_lbl: is that like not R?
blk_lbl: or in cale's case NC-17
JQ: 13??
Cale: ya how about PG-13?
blk_lbl: dude what the hell did i do to get myself in this conversation
blk_lbl: scott.... how did you let me get drunk
Scott-ST Moderator: I am thinking PG is best, then we can have a room that everyone can enjoy
blk_lbl: it's only noon
Scott-ST Moderator: did you join AA?
blk_lbl: no... you were supposed to tell me about your 1 step program
blk_lbl: AA is for quitters
blk_lbl: [i]yep[/i]
blk_lbl: [b]nope[/b]
JQ: S or L AA???
blk_lbl: [url href=http://what's this do]what's this do[/url]
blk_lbl: [url href=http://oooh that's fun]oooh that's fun[/url]
blk_lbl: scott you should seriously kick me out of the room already
blk_lbl: i am annoying myself
blk_lbl: did ken give you the powers yet?
the-Don: no sonic for us 2nite jvt
Scott-ST Moderator: hey were is Cale with the mantra for Sonc???
gman: blk u should annoy sonc so it will tank!
blk_lbl: lol
blk_lbl: SONC could still get tackled
gman: if this sonc does not tank, i might a drink too.
the-Don: ok thats wheres Clyde
gman: get a drink
blk_lbl: but it doesn't look to good as short in next 45min
Scott-ST Moderator: [b]STOPPED Consider exit in[/b] [b]SONC[/b]
Scott-ST Moderator: [b]STOPPED Consider exit in[/b] [b]SONC[/b]
Scott-ST Moderator: [b]STOPPED Consider exit in[/b] [b]SONC[/b]
Scott-ST Moderator: [b]STOPPED Consider exit in[/b] [b]SONC[/b]
jvt: how painful
mellowg: sniff sniff
Ken-ST Moderator: Cancel all alerts
blk_lbl: alright it's time to go get drunk
mellowg: worked all day for a lousy us$17.57...sheeeesssh what a MONDAY
blk_lbl: you guys have fun without me
blk_lbl: i know it will be tough
mellowg: cya blk
JQ: laters whiskins
the-Don: CLYDE!!!
gman: i think i will join blk, need a drink after SONC
the-Don: wake up
mellowg: cya gman
Ken-ST Moderator: you call that work mellow/
Ken-ST Moderator: [img id=em-10]
Ken-ST Moderator: at least you didnt have to say "Would you like some fries with that?"
mellowg: yup... when it is good money...it's fun
mellowg: and wear the funny paper hat
JQ: lol
jvt: anyone been keeping up with NFL
mellowg: let' s see us$17.57 divided by 4 1/2 hour equals us$3.90...below minimum wages...I AM GOING ON STRIKE FOR THE REST OF THE DAY
Ken-ST Moderator: ill support you mellow
mellowg: ty
jvt: k c ya guys tomorrow..going to do research on NFL..take care everyone
mellowg: cya jvt
JQ: laters
Ken-ST Moderator: cool jvt
rdub: minor point guys ... chart shows SONC 1% ...( but day total is correct)
Ken-ST Moderator: take care
mellowg: rdub that was wish list
rdub: sorry, mellow, my mistake
mellowg: lol
rdub: hehe
claudia: bye everyone
Ken-ST Moderator: bye claudia
Ken-ST Moderator: take care
Clyde-Harmon Trading: Hi everyone
annabellab: bye all.
Scott-ST Moderator: later Anna
Ken-ST Moderator: gm Clyde
JQ: laters
Clyde-Harmon Trading: hehe
conanboxer: Take care all
Ken-ST Moderator: RBAK nicely down from the top call
Scott-ST Moderator: Later
Scott-ST Moderator: have a good evening everyone
JQ: laters
Cale: tc scotty scott
Ken-ST Moderator: any questions gang?
Ken-ST Moderator: laters scott
Cale: good day Scott, nice work
mellowg: ty scott
mellowg: ken, you personnaly let your winning run... or you half your holdings at succesful exit point
Bry: Ken how is market looking going into tomorrow?
Ken-ST Moderator: still a downtrending bias Bry
Ken-ST Moderator: market under the 5 day EMA, stoch down on daily
Ken-ST Moderator: Hourly charts: downternd
Ken-ST Moderator: 5 min chart; downtrend
Bry: thanks
Ken-ST Moderator: this tells you which way the overall momentum is
Ken-ST Moderator: you can focus mostly on shorts for swing trading
Ken-ST Moderator: the stocks actuallly tell you which way to trade them
Ken-ST Moderator: the market momentum assessment is used to manage your risk and stops
Ken-ST Moderator: where the market is heading is not important
Ken-ST Moderator: where the market is right now is whats important
Bry: ok
Ken-ST Moderator: many traders get caught up on predicting where we are headed
Ken-ST Moderator: concentrate on what the trend is
Ken-ST Moderator: Mellow, I look at factors suchs as market momentum, time of day and the stocks daily chart to make that decision
Ken-ST Moderator: we go over that in our Market Assessment Video
Bry: When trend is down, your risk is less holding a short position overnight
Ken-ST Moderator: it helps to see the market they way we do
mellowg: which i am waiting for...grin
Ken-ST Moderator: the videos are avaialbe immediately after purchase
mellowg: ohhhh
Ken-ST Moderator: things are more in your favor bry in those cases
Bry: I got the first one, will have to get the others
Ken-ST Moderator: you may also opt for looser stops with the trend in your favor
mellowg: ty
JQ: ty ken
Ken-ST Moderator: np
mellowg: ok time for me to run...cya tomorrow
mellowg: ty ken scott
Ken-ST Moderator: ok mellow
Ken-ST Moderator: have a good one
JQ: laters ken james gang
Bry: See everyone tomorrow
Ken-ST Moderator: by JQ, Bry
jy: ken, not a bad day depsite everything. ty
jy: cu guys tomorrow.
Ken-ST Moderator: cool jy
Ken-ST Moderator: take care
Ken-ST Moderator: Ok gang, thats all she wrote fro today
Ken-ST Moderator: have a great evning
Ken-ST Moderator: will see you all tomorrow
Ken-ST Moderator: have a good one
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