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********** Good Morning Everyone
********** Mon November 6th 2006
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Life is just a bowl of pits.
- Rodney Dangerfield
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Ken-ST Moderator: ***********Market Assessment**********
Daily Chart: Below the 5 day EMA, Stochastics in downtrend
Hourly Chart: Downtrend with 20 EMA below the 50 EMA
5 min Chart: Uptrend with 20 EMA above the 50 EMA Futures are currently gapping up 4 points. Overall market trend is still to the downside.
johnboy: GM everybody
Ken-ST Moderator: gm jb
Scott-ST Moderator: gm Johnboy
Newbie: gm
NewGuy: GM ALL
Newbie: gm
Scott-ST Moderator: GM Newguy
Scott-ST Moderator: gm newbie
DavidBer2: NewGuy you know they made a movie about you.
NewGuy: ??
Ken-ST Moderator: lol db
Ken-ST Moderator: that was about 3 or 4 years ago
DavidBer2: Yep - it's all about the funk
Ken-ST Moderator: Where is everyone
Scott-ST Moderator: *** Opening Bell ***
Ken-ST Moderator: Good Trading everyone
kami: gm
Scott-ST Moderator: gm kami
Ken-ST Moderator: Watching for Type B Short at new low of the day on MFLX 19.88
Ken-ST Moderator: Watching for Type B Short at new low of the day on MFLX 19.88
Ken-ST Moderator: Watching for Type B Short at new low of the day on MFLX 19.88
Ken-ST Moderator: Watching for Type B Short at new low of the day on HANS 27.49
Ken-ST Moderator: Watching for Type B Short at new low of the day on HANS 27.49
Ken-ST Moderator: Watching for Type B Short at new low of the day on HANS 27.49
2thdr: IB has no shorts MFLX
DavidBer: Nor does fidelity
Newbie: nor does penson
Ken-ST Moderator: Watching for Type B Buy at new high of the day on XMSR 12.90
Ken-ST Moderator: Watching for Type B Buy at new high of the day on XMSR 12.90
Ken-ST Moderator: Watching for Type B Buy at new high of the day on XMSR 12.90
Ken-ST Moderator: Watching for Type B Buy at new high of the day on WYNN 75.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on WYNN 75.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on WYNN 75.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on PSTI 27.76
Ken-ST Moderator: Watching for Type B Buy at new high of the day on PSTI 27.76
Ken-ST Moderator: Watching for Type B Buy at new high of the day on PSTI 27.76
Ken-ST Moderator: Watching for Type B Buy at new high of the day on PSTI 27.76
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy XMSR 12.90
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy XMSR 12.90
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy XMSR 12.90
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in XMSR
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in XMSR
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in XMSR
j5: nice
jvt: run run run
JP: Nice, got just under 2% out of XMSR.
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy WYNN 75.51
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy WYNN 75.51
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy WYNN 75.51
Ken-ST Moderator: gj JP
Ken-ST Moderator: Play it tight on the profits on WYNN gang
jvt: wynn? didnt know that trigger
jvt: still in xmsr
Cale: GM
DavidBer: Now entering . . . SNDK newsletter
allegro_bob: hans - nice lond
allegro_bob: long
JQ: gm dingdong
Cale: gm Quest!!
conanboxer: good morning all
Ken-ST Moderator: gm David
David-Harmon Trading: gm
Ken-ST Moderator: gm conan
Ken-ST Moderator: gm Bry, qweqwe, Cale, bill, mike, nm,dp, mhl kami, ryan, kccoksley garry, ricky
Scott-ST Moderator: gm David
Bry: gm all
Cale: gm Ken
Cale: gm Bry
Bry: gm Cale
Ken-ST Moderator: Watching for Type B Buy at new high of the day on MFLX 21.26
Ken-ST Moderator: Watching for Type B Buy at new high of the day on MFLX 21.26
Ken-ST Moderator: Watching for Type B Buy at new high of the day on MFLX 21.26
DavidBer: Super thin stock MFLX
Ken-ST Moderator: Yes, be aware
Cale: beaware
JQ: be were??
Ken-ST Moderator: lol
Ken-ST Moderator: market new hod
Ken-ST Moderator: DRIV new trend highs
Ken-ST Moderator: MFLX is close
Ken-ST Moderator: note that the initial stop is wide
Ken-ST Moderator: stock is volatile
Ken-ST Moderator: and thin
allegro_bob: volatile and thin ---- oh oh --- let me in :)
Newbie: jvt still in xmsr :)
DavidBer: Bring protection
DavidBer: Ken, NOVL valid at LOD? Yes, I know under $10
jharms: wynn sure is less than fun today
Ken-ST Moderator: It is trading in the recent range. I can see what you are seeing intraday
DavidBer: OMG GREAT VIEW
Ken-ST Moderator: but the thing is when trading in that recent range the support/resistance can come in anywhere. It makes the trends choppier
Ken-ST Moderator: lol db
ellagero: Ken...do you think MFLX or OSTK will be short plays at all...i got my broker to hold me some short but would rather let go iif most likely long
DavidBer: That was a stop trading momemt
Ken-ST Moderator: UPDATE: Moving stop on WYNN 74.94
Ken-ST Moderator: UPDATE: Moving stop on WYNN 74.94
Ken-ST Moderator: UPDATE: Moving stop on WYNN 74.94
Ken-ST Moderator: OSTK maybe
Ken-ST Moderator: MFLX it is far away
Ken-ST Moderator: Watching for Type B Short at new low of the day on OSTK 14.69
Ken-ST Moderator: Watching for Type B Short at new low of the day on OSTK 14.69
Ken-ST Moderator: Watching for Type B Short at new low of the day on OSTK 14.69
toolhater: does anyone know of a good reference for das trader besides their pdf?
Ruben: Psti is missing at the table
Ken-ST Moderator: I fyou have specific questions, you could try posting out here to see if traders know the answer
benbeth: gm
Ken-ST Moderator: gm benbeth
DavidBer: cale I didn't get my SNDK call - you are slipping! :)
Cale: there was none today
DavidBer: slacker!
Ken-ST Moderator: we will stay clear of PSTI. Trading more like a buyout even if it is just a bid
allegro_bob: i caught a bit right out of the shoot but it was quick
Ken-ST Moderator: bid for byout
Cale: didnt like the way it looked this am
DavidBer: Good call cale
Cale: was thinking short but just wasnt sure
Cale: staying away
Ken-ST Moderator: MEDI still in range
toolhater: specific question: in das trader, can i create a bracket order that includes a buy,stop and sell? IB had something like that
jharms: no
Ken-ST Moderator: just buy and sell/short
jharms: I called about that
toolhater: no limit?
toolhater: market order?
j5: what do you mean "buy, stop and sell"?
Cale: whats a toolhater?
Cale: where did you get your name Tool, do you really not like tools?
toolhater: buy at xx , sell at 1% above or sell at 1% below
toolhater: tools as people, not equip
j5: oh, gotcha, yeah that's nice
j5: "one triggers other" type thing
toolhater: right
Cale: so you hate equip?
toolhater: does das trader do that?
toolhater: i see triggers
toolhater: but the documentation is vauge
j5: i dont have das,
toolhater: ic
jharms: toolhater, they don't have that option
j5: hey get the demo and try it out
toolhater: ok
toolhater: i have the demo
toolhater: it keeps telling me someone else is logged in with the account it just sent me
DavidBer: Hmm xmsr at LOD?
jharms: call them and get a different number. I had to do that too.
Ken-ST Moderator: will wait for consolidation
toolhater: thanks
Scott-ST Moderator: XMSR LOD is a valid setup
Ken-ST Moderator: MFLX is close
j5: ken, ic see mflx is close, but i don't like the way the market is moving today, any suggestions?
Scott-ST Moderator: DavidBer we will keep an eye on it
Ken-ST Moderator: It has a nice setup with a relatively tight stop now
Ken-ST Moderator: the market is overbought
Ken-ST Moderator: I would play it tight on profits
Ken-ST Moderator: market is up and overbought in overall dowtnrend
Ken-ST Moderator: so presents riskier setup for any longs
j5: gotcha thanks
Cale: the market is going to be choppy most of the day is my guess
Cale: its gong to be hard to play this market
Ken-ST Moderator: XMSR is approaching its 20 ema on 5 min.
Ken-ST Moderator: possible initial support there
Ken-ST Moderator: we will stay clear from the short at lod until we have some consoldiation
jy: ken, short XMSR @lod 12.65 ??
Cale: jy read up a few lines
jy: WYNN needs to break the 75.5 level
johnboy: WYNN needs Bear to stay for a few days....
j5: yep, also watch the uptrending support
jy: sorry
Scott-ST Moderator: lol no worries jy
Ken-ST Moderator: lol jb
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy MFLX 21.26
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy MFLX 21.26
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy MFLX 21.26
Ken-ST Moderator: UPDATE: Moving stop on MFLX 20.85
Ken-ST Moderator: UPDATE: Moving stop on MFLX 20.85
Ken-ST Moderator: UPDATE: Moving stop on MFLX 20.85
jvt: ma is one strong stock
DavidBer: JVT - wow you are right - it is ien fuego
Cale: we played that last week didnt we?
DavidBer: Yes cale in the 82 range iirc
Ken-ST Moderator: WOW
Ken-ST Moderator: RIMM consolidating after new highs
Ken-ST Moderator: only problem is, the market is overbought
Ken-ST Moderator: just under 1% stop however
Cale: wpw
Cale: wow
Cale: fingers are clold
Cale: cold
Ken-ST Moderator: wb
JQ: suck it up cale your a bronco
Cale: lol
Cale: and they kicked but
johnboy: let's not talk about football today.......it's too early
johnboy: still licking my wounds
Scott-ST Moderator: oh but dude, I rocked my picks
DavidBer: Hell did freeze over - the fish won
Scott-ST Moderator: 8 for 11
Cale: lol the fish
johnboy: I have 5 this week.....ouch
johnboy: but I got KC..........lol
Scott-ST Moderator: nice I picked KC also
Scott-ST Moderator: and Indy
Cale: kinda didnt want indy to win last night
Cale: good game to watch though
j5: come on wynn
Scott-ST Moderator: does anyone know if any NFL team has good all the way to the superbowl undefeted?
DavidBer: only one - 72 dolphins
David-Harmon Trading: Miami 1972, only undefeated team
Newbie: 72 Miami
Scott-ST Moderator: ah cool
Scott-ST Moderator: maybe Indy will do it this year?
DavidBer: nah
DavidBer: They were close last year, then there were the vikings that were 15-1 iirc and lost in the playoffs
David-Harmon Trading: Teams will not go undefeated any more....especially like Indy because they clinch their playoff position early, like last year.....there is no reason to risk injury in week 15 and 16.....
Cale: ah good point David
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS
jy: WYNN just spiked up
jy: vertically
nm: Scott, Ken...did I miss quarterly earnings report on RSPG?
Scott-ST Moderator: not sure nm
nm: I will do more reseach
nm: research
Scott-ST Moderator: last Quarterly Report was Aug 23rd
Ken-ST Moderator: OSTK has a setup at a new lod. we have cancelled the alerts to be conservative, however stoch are still overbought and short setups still are attractive. We will however pass.
Ken-ST Moderator: if you do decide to trade it feel free to ask us for suggestions on a stop
Ken-ST Moderator: WYNN new hod
Cale: move stop to b/e on WYNN??
Ken-ST Moderator: UPDATE: Moving stop on WYNN 75.24
Ken-ST Moderator: UPDATE: Moving stop on WYNN 75.24
Ken-ST Moderator: UPDATE: Moving stop on WYNN 75.24
Ken-ST Moderator: UPDATE: Moving stop to entry WYNN
Ken-ST Moderator: UPDATE: Moving stop to entry WYNN
Ken-ST Moderator: UPDATE: Moving stop to entry WYNN
nm: had to step away...Scott, thanks for info on RSPG
Ken-ST Moderator: Market is oversold
Ken-ST Moderator: overobught rather
Ken-ST Moderator: I would suggest playing it tight on the profit side
Ken-ST Moderator: scale iwth moves in your favor
Ken-ST Moderator: stop at entry, risk nothing
nm: GOOD advice Ken
j5: ken how do you scale out? sell half on each rally for longs?
Ken-ST Moderator: wb
Ken-ST Moderator: that is one way
Ken-ST Moderator: anyway you feel comfortable
j5: ok
Ken-ST Moderator: the concept is to take risk off the table as the trend gets older
j5: ic
Ken-ST Moderator: taking profits does many things. Lowers your breakeven price on the trade.
Ken-ST Moderator: less capital as risk goes higher
Ken-ST Moderator: less emotions
Ken-ST Moderator: makes for easier decision
Ken-ST Moderator: securing profits
Ken-ST Moderator: all good
Ricky: Ken, what do you mean by "as the trend gets older"? Meaning the time in the position?
Ken-ST Moderator: many traders also look at it as trying to sell their entire position at the highest price
Ken-ST Moderator: thats not what this game is about
Ken-ST Moderator: its about managing your money properly
Ken-ST Moderator: Ricky as the stock trends more, it is compared to a rubber band being stretched out
Ken-ST Moderator: it will have a higher tendency to pullback at that point
j5: ic, ken, very interesting, i've been thinking a lot about this stuff
jy: Took Ken's advise - took some profit on WYNN. Last 1/2 set stop at entry
Ken-ST Moderator: nice
Ken-ST Moderator: j5, thats good
nm: Smart managing
Ken-ST Moderator: Everything begins with a thought
j5: still having trouble scaling out, i get into analysis paralisis when it comes to taht
Ken-ST Moderator: change your thinking, you change your outcome, your reality
Ken-ST Moderator: lol j5
j5: yeah really, i have trouble, but like you said thinking about it should resolve the problem eventualy, i guess
j5: move stop on mflx to 21.12?
Ken-ST Moderator: that is the tightest area
Ken-ST Moderator: I will give it a little more room due to its volatility
Ken-ST Moderator: UPDATE: Moving stop on MFLX 20.99
Ken-ST Moderator: UPDATE: Moving stop on MFLX 20.99
Ken-ST Moderator: UPDATE: Moving stop on MFLX 20.99
Ken-ST Moderator: UPDATE: Moving stop on MFLX 20.99
Ken-ST Moderator: just under the whole number
Ken-ST Moderator: how was everyones weekend?
Ken-ST Moderator: any good stories?
Ken-ST Moderator: Sadaam shocked and dismayed that he was found guilty?
j5: what?!
j5: lol
Ken-ST Moderator: what?!!?? But what the heck did I do?
j5: did he start walking towards the door before he realize he was actually convicted?
Ken-ST Moderator: lol
Ruben: Go to see Little miss sunshine at the movies
Ken-ST Moderator: whats that about?
j5: anybody seen borat? heard it was pretty good
Ken-ST Moderator: havent heard
Ruben: It's about a crazy american family. Excellent movie
Ken-ST Moderator: cool, would love to check that out
Ken-ST Moderator: just curious what do most people belive in, Psychics true or fraud
Ken-ST Moderator: ?
johnboy: ........if you have to ask............
Ruben: I don't believe at all
johnboy: Madame Cleo is our Nostradamus
Ken-ST Moderator: lol
Ken-ST Moderator: I am a very rational person. I have to be proven things, scientfically
Ken-ST Moderator: for the longest time, I passed it off as hoax too. but now do believe it is possible
Ruben: They could do what you do: make 10 predictions, and then chech how many were true and how many false..Then they could have a statistic
j5: cleo the one the fbi shut down business and none of them saw it coming?
Ken-ST Moderator: there are frauds out there no doubt
Ken-ST Moderator: I just saw a show on Friday, it was pretty interesting.
Ken-ST Moderator: Lisa Williams: life among the dead
Ruben: This way would be more credible.
Ken-ST Moderator: Its on lifetime channel
Scott-ST Moderator: I am open minded
nm: Could we find a psychic for our trading?!
Ken-ST Moderator: its on Monday's
Ken-ST Moderator: so on tonite
Ken-ST Moderator: Whether you belive it or not it still is entertaining
nm: yep
Ken-ST Moderator: nm, how do you think we are coming up with these calls?
nm: LOL!
Ken-ST Moderator: you actually thought it was a strategy?
Ken-ST Moderator: lol
nm: I can just picture Ken with his crystal and turbin:-)
Ken-ST Moderator: haha
nm: I see a BULL in your future...
j5: lol
Ken-ST Moderator: nah, I think most people dont believe in that psychic ability because they can't see how it works scientfically
j5: hod
j5: spx
Ken-ST Moderator: yup market new hod
j5: what a crazy market
Ken-ST Moderator: note however, that this new hod on the market is coming during hte lunch hour
Ken-ST Moderator: not reliable
nm: I had got back into XMSR at 13.80ish...just out..
Ken-ST Moderator: 12.8?
nm: oopps...yes.
nm: siri is also up understandably
Ken-ST Moderator: nice trade
Ken-ST Moderator: gj
nm: thx
Ruben: mflxxmsr
nm: I am staying away from siri...just incidental trading
Ken-ST Moderator: well just to wrap up the pychic thing, I have a link that will help to link science and pychics:
Ken-ST Moderator: may explain how things work.
nm: Ken aka Carnac :-)
Ken-ST Moderator: haha
nm: www.kencarnac.com
Ken-ST Moderator: nah, if I find interesting things, I like to share
nm: kidding my friiend
Ken-ST Moderator: expand knowledge
nm: expand storehouse of knowledge is always a good thing
Ken-ST Moderator: http://www.life-enthusiast.com/twilight/research_emoto.htm
jy: Watching WYNN getting weak
j5: damn yeah
Ken-ST Moderator: in a nutshell, this guys study proves that thoughts can affect the property of physical matter
Ken-ST Moderator: WYNN near to breakeven stop
nm: thx for update j5
j5: i've heard about stuff like that
j5: nm?
nm: oops, I mean jy
j5: k
jy: market new hod
Ken-ST Moderator: yeah j5, I came across this link a few years ago. Read up on what that guys studies were about. but it lead up to a bigger understanding for me
Ken-ST Moderator: how things work
Ken-ST Moderator: that was the missing link for me
Cale: cool
nm: off to a meeting...best to all....watch out for lunch monster
Ken-ST Moderator: STOPPED Consider exit in WYNN breakeven
Ken-ST Moderator: STOPPED Consider exit in WYNN breakeven
Ken-ST Moderator: STOPPED Consider exit in WYNN breakeven
jy: exited WTNN last half @75.63
Scott-ST Moderator: good job jy
jy: 0.12 profit
jy: market new hod again
jy: WYNN tough to trade
David-Harmon Trading: Remember guys, when this market makes new highs going into year end, make sure you remember david told you.....and we would like you to join Harmontrading
Cale: yep and headed backup
Ken-ST Moderator: lmao david
Ken-ST Moderator: For those who need to daytrade equities but do not have the $25,000.00 equity requirement, we would like to recommend that you check out Harmontrading.com. You will have 4 to 1 Day Trading Margin and unlimited daily trades with a minimum of $2,000 member equity.Harmontrading is also ideal to trade OTCBB and Pinksheet stocks, with direct access to 9 different Market Makers, and unlimited shares per trades, all at a flat rate.Feel free to try out our FREE REAL TIME SIMULATOR by emailing trading@harmontrading.com. Or, if you are interested in joining right away, you may request a Partnership Agreement by sending an email to info@harmontrading.com.
Cale: lol nice David
j5: i thought minimum day trade was $25,000
David-Harmon Trading: We are a partnership, as such all trades come from one trading entity.
j5: ok gotcha that's kind of interesting, i'll keep in mind
j5: wow market on finre
j5: fire
Welcome to SwingTrades.com!
Cale has entered DayTrading Chat
Room is moderated
You can now talk
Scott-ST Moderator: wb
Cale ty
jy ken, unlimited daily trades with $2K min. balance ? IS this for commission on the trades ?
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jy Looks like WYNN has a support at 15.5 Let's see if it breaks that level.
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Cale 15.5?
Cale 75.5
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Ken-ST Moderator: any questions?
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Ken-ST Moderator
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Ken-ST Moderator: sorry about that sound alert
Ken-ST Moderator: its a little early
jvt woke me up
Ken-ST Moderator: I am keeping an eye on RIMM
jvt is this mkt dead
jvt stupid election
Cale me too
Ken-ST Moderator: yup market is dead
Ken-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in MFLX
Ken-ST Moderator: STOPPED Consider exit in MFLX
Ken-ST Moderator: STOPPED Consider exit in MFLX
ellagero Ken..fwiw...regarding psychic stuff...watch for making the error that because it could be humanly *possible* that it is somehow even a bit more *probable* that lisa willams or john edwards are real...I spent a long time studying relig and supernatural...even held demonstrations showing my 'psychic' ability , only to reveal to audience at the end how they were fooled and to be wary of all the frauds...John edwards is nothing but a classic hack..PLUS he has added benefit of screening audience which in itself is all televangelists use for *healings" .
ellagero i agree much is possible and could very well be true..yet to find even ONE person who wasnt a fraud tho..
johnboy Bush?
Ken-ST Moderator: lol jb
Ken-ST Moderator: I totally agree ellagero
Ken-ST Moderator: there are many out there that are fradulent. But i see how it is possible for it to be possible
ellagero funny thing is after i would show audience exactly how i did everything....30-35% still indicated they believed i had 'special powers'..
Ken-ST Moderator: people will believe what they want to believe
johnboy what kind of stuff would you do ellagero?
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Ken-ST Moderator: hi rwalsh
rwalsh hello
Ken-ST Moderator: lets issue RIMM
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on RIMM 119.78
Ken-ST Moderator: Watching for Type B Buy at new high of the day on RIMM 119.78
Ken-ST Moderator: Watching for Type B Buy at new high of the day on RIMM 119.78
Cale how about MA at the HOD??
ellagero Jb..what you see on tv plus mentalist tricks with math
johnboy cool ellagero......sounds fun
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Ken-ST Moderator: Rolling out of lunch period gang
jvt so rimm is our only open alert
DavidBer Hmm cale looked correct - why not MA at HOD earler?
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Ken-ST Moderator: sorry Cale, DB
Ken-ST Moderator: not sure how, but I totally overlooked yoru post about MA
DavidBer Was it not a good setup?
Ken-ST Moderator: it was overbought
Ken-ST Moderator: but market was not
Ken-ST Moderator: so it may have made for an ok setup
Ken-ST Moderator: what I would have been afraid of was the very tight stop
Ken-ST Moderator: often times when its too tight like that it fails
Ken-ST Moderator: actually Im sorry Ill take that back
Ken-ST Moderator: the stock made a surge to new highs during lunch
Ken-ST Moderator: then reversed back down for a possible reversal
Ken-ST Moderator: by taking that level out, it setup a good entery
Ken-ST Moderator: however, the stock is still overbought
DavidBer Hmm I think we would have just hit the 1% at the HOD when cale called it.
Ken-ST Moderator: yes
Cale oh well
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Ken-ST Moderator: good call Cale
Cale I am gong to short SNDK
DavidBer I am just curious where the ceiling for MA is now
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Scott-ST Moderator: there really is no ceiling for MA at this point
Scott-ST Moderator: it wants to run run run
JP Cramer said its going to 110 a few weeks ago.
DavidBer Well the Nov 95 Calls have a ton of premium in them.
Scott-ST Moderator: I beleive it
DavidBer You can get 2.5% for sitting until the 3rd friday!
Ken-ST Moderator: Doesnt seem like that much considering the volatlity
DavidBer Buying MA and selling Nov 95 calls is a very good retirement move imo
Ken-ST Moderator: 4.10 for the 95 calls
DavidBer 2.5% in covered calls for 11 days?
Ken-ST Moderator: that would put your cost basis at 92.00
DavidBer If it has no ceiling . . . You are getting taken out
DavidBer If not rewrite it - 2+ a month ain't nothing to sneeze at
DavidBer I used to do this a lot with CECO. CECO always seemed to have 1.25-2 a month in premium. Also did it with RAI to catch the dividend
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Ken-ST Moderator: yup writing calls is the best thing for investors
Ken-ST Moderator: imo
Ken-ST Moderator: its the only recommended way of playing options imo
Ruben I traded that way some time before become a day trader
Ken-ST Moderator: RIMM is close
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Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy RIMM 119.78
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy RIMM 119.78
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy RIMM 119.78
kevin what is the stop?
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on RIMM 118.97
Ken-ST Moderator: UPDATE: Moving stop on RIMM 118.97
Ken-ST Moderator: UPDATE: Moving stop on RIMM 118.97
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on OSTK 14.69
Ken-ST Moderator: Watching for Type B Short at new low of the day on OSTK 14.69
Ken-ST Moderator: Watching for Type B Short at new low of the day on OSTK 14.69
DavidBer no shorts @ fidelity
2thdr nor IB
jvt wheres the tgt rimm
Ken-ST Moderator: near 121
JP 120.99
Ken-ST Moderator: but being in an overall downtrend on the market, I would suggest playing tighter targets
JQ OSTK
Ken-ST Moderator: its close
Ken-ST Moderator: Scale out with moves in yuour favor on RIMM gang
Ken-ST Moderator: play it conservatively
Ken-ST Moderator: OSTK is close
johnboy did Erin just refer to Saudi Arabians as Sods? uh oh.....
Cale mised that comment
eddie Cannot short OSTK
Cale I was just dreaming into her eyes
JQ lusting!!!
Cale yes Lusting
Cale hey, stay out of my day dreams Mr.
JQ you the dingdongbroncobro
jvt hey already cheating on ur silvia cale not sure if she'll like that
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Ken-ST Moderator: wb
bearrally has entered DayTrading Chat
bearrally what happen?
Ken-ST Moderator: wassup bear
bearrally what happen to the market?
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Ken-ST Moderator: nothing that I can see
Ken-ST Moderator: up for no reason
JP CSCO fueling the Nasdaq.
JP Expected strong earnings this week pushing to 52 week high.
jvt maybe it's the bought out of kosp
JP There was a lot of M&A activity over the weekend as well.
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop to entry RIMM
Ken-ST Moderator: UPDATE: Moving stop to entry RIMM
Ken-ST Moderator: UPDATE: Moving stop to entry RIMM
JP I also think the market is expecting the Dems to come out on top tomorrow.
Ken-ST Moderator: last retracement on RIMM to 20 EMA is above our entry
Cale clap
Ken-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in RIMM Breakeven
Ken-ST Moderator: STOPPED Consider exit in RIMM Breakeven
Ken-ST Moderator: STOPPED Consider exit in RIMM Breakeven
bearrally republican = borrows to spend
bearrally democrat - tax to spend
bearrally same bunch of crooks, diff stratergies :)
Ken-ST Moderator: lol
Ken-ST Moderator: yup
Ken-ST Moderator: repulicans however rather put the money in your hands to spend
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short OSTK 14.69
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short OSTK 14.69
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short OSTK 14.69
Ken-ST Moderator: Democrats give money to government to spend for you
bearrally republican put debts in your hand to spend :)
bearrally than you be slave to the system all your life
Ken-ST Moderator: lol yup
Ken-ST Moderator: kinda like what they do when they give money to other countries
bearrally it's like you are broke and still giving out money (giving away borrow money)
bearrally lol
bearrally Ken, so how did you like the creature from Jackell island?
Ken-ST Moderator: Loved it
Ken-ST Moderator: now I am a big skeptic like you
Ken-ST Moderator: haha
bearrally better not tell James that
bearrally lol
JP has logged out
Ken-ST Moderator: hahah really
bearrally Ken, why is OSI was not on your trading list?
Scott-ST Moderator: buy out
bearrally i am still not quite awake yet
bearrally why is Cale so quite?
Cale shhh i am napping
bearrally lol
bearrally what about csco?
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on OSTK 14.83
Ken-ST Moderator: UPDATE: Moving stop on OSTK 14.83
Ken-ST Moderator: UPDATE: Moving stop on OSTK 14.83
bearrally my break even on csco is 25 bucks
bearrally holding for 4 yrs now
bearrally lol
bearrally i got killed on nbix pretty bad
bearrally guess that will be a very long time hold
DavidBer sorry I had to pick myself up off the floor for that one
jvt left chart still has rimm open
bearrally DavidBer, on nbix?
DavidBer no on csco hold
bearrally that is what happen when you bottom fishing.....
bearrally oh ok
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Ken-ST Moderator: ah yeah thatxs right bear I remember you were holding on to that
DavidBer I did that with LU in 96 iirc. Sold it about 2-3 months early, lost some money. Had I held it I would have almost doubled my money
bearrally 50% haircut
bearrally DavidBer, I remember buying CMRC at ipo for 39 bucks
bearrally in 99, did sell at 1000 in jan 2000
bearrally ended up taking a loss on it
bearrally lol
bearrally didn't
bearrally a friend of my spend 17k on QCOM leap begining of 99, sold it at the end off 99 for 17 millions
DavidBer My best trade ever was yhoo ipo - was on the road, put in order to buy 10k sahres @ market @ open - I knew I wouldn't get 10k shares but would take what I got. I would up driving 500 miles that day, got in, checked to see what happened - got 5500 shares - closing was $7 more than I bought them at! Put an order to sell @ open @ market - VERY nice profit
bearrally those were easy money days
bearrally lol
DavidBer Don't go there - I was looking at JNPR leaped puts in Oct 2001 - The leap was a 225 put. I could get them for a few dollars a put. I was gonna buy 25k worth. It would be worth more than 2m
Ken-ST Moderator: nice
DavidBer my wfie said no - do not do it
Ken-ST Moderator: Your ex wife?
bearrally lmao
DavidBer hehe still married to her!
DavidBer ex wife didn't like me trading EFII @ ipo
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DavidBer wow look at rimm now
bearrally yup
bearrally i sold it too early
bearrally still have cme
bearrally 1st time i made money on cme was last earning
bearrally and have been collecting avg 1 point a day since
bearrally knock on wood
bearrally lol
jvt how come crox is flying
Ruben ken, is OSTK the last one for today?
bearrally jvt, squeeze?
Ken-ST Moderator: Looks liek it
Ruben rimm
jvt what do you think about this TIE bear
Ken-ST Moderator: RIMM stopped us out by such a small amount
bearrally jvt, what is with you and TIE?
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jvt not sure....it seems so weak compared to all the other steel stocks
johnboy have a good day everybody, see you guys tomorrow
bearrally jvt, metals up, so tie should go up
johnboy has left the room
bearrally more of dead cat bounce than anything
jvt hopefully there's a squeeze on MA..this stock is wild
bearrally I think metals will be out a favor for a while
Ken-ST Moderator: yup unreal
bearrally so i am not touching metals/commodities
bearrally need to chang my nick to bullselloff
bearrally lol
Ken-ST Moderator: lol
bearrally i am looking to avg down on nbix to about 10, what do you think Ken?
Cale LOL Bear
bearrally i am at 14.50ish avg now
Ken-ST Moderator: on long term holds, I am all for averaging down
bearrally looks like till 2008-09
Ken-ST Moderator: but you also want to make sure the fundamentals are somewhat there
Ken-ST Moderator: so that you dont lose all your money
bearrally what fundamental?
bearrally this is like vegas
jvt u just buy goog and hold
Ken-ST Moderator: lol
bearrally jvt, dont remind me
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Ken-ST Moderator: make sure its not an ENE
bearrally my wife bought it at 98 bucks
bearrally i sold it 107 next day
bearrally i havent told her that i sold it yet
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bearrally been hiding that account since
Ken-ST Moderator: wb
jvt u hear that news goog is going to become the broker for advertisements
Ken-ST Moderator: lol
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on OSTK 14.77
Ken-ST Moderator: UPDATE: Moving stop on OSTK 14.77
Ken-ST Moderator: UPDATE: Moving stop on OSTK 14.77
Ken-ST Moderator
Ken-ST Moderator: Cancel all alerts
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Ken-ST Moderator: any questions?
bearrally Bush will be in Vietnam this week
allegro_Bob Is RIMM still open?
jvt really i might go to vietnam next year
jvt rimm was close at b/e
allegro_Bob thx jvt
Ken-ST Moderator: OSTK near lod
bearrally jvt, your wife will not let you go
bearrally if she is vietnamese
bearrally lol
Ken-ST Moderator: lmao
jvt yea she is but i might be going with her sister and brother in law so not sure yet haha
bearrally jvt, my son wanted to go with me. his girlfriend will not let him go
jvt she hardly lets me go to the nearby viet cafe
jvt i dont blame her haha
bearrally if you are going with your in-law, don't go at all
bearrally find an excuse.
bearrally going back there to do business
jvt actually might be doing business with vietnam import/export shrimp
bearrally jvt, don't
bearrally i will guarantee you loose
jvt yea better luck with the mkt huh
bearrally lots of scams there
bearrally you have to be able to deal with huge corruption
bearrally if you grew up here in the states
bearrally you can't deal with it
bearrally my kids are the same way
bearrally when i paid custom agents at airport, they can't understand why
jvt i need this ma to run giving me heart attck
jvt oh yea i heard of the corruption easiest way to get thru just pay people
bearrally it is the only way to do it
bearrally how can you change a 4000 years old tradition
bearrally lol
jvt it's going to change for the better hopefully
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Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop to entry OSTK
Ken-ST Moderator: UPDATE: Moving stop to entry OSTK
Ken-ST Moderator: UPDATE: Moving stop to entry OSTK
jvt what's the chances of ma reaching 100 before close
jvt wild lil stock
bearrally i don't know it ma will reach 100 today
bearrally but it will soon
bearrally i bought that since ipo
jvt i wish axp goes all i want from that stock is 50 cents
jvt not sure how everyone elses is doing hard for me to find good winners this month
bearrally ma hod
jvt yea close above 97 that would be sweet
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jvt i wonder if cale picked up some
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Cale some what?
jvt ma
Cale no, I didnt get filled :(
Ken-ST Moderator: hi c6
C6 hi
C6 Off for a few
jvt ur sndk is wierd but finally broke out of that previous hod
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C6 just checking in
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Cale I tried to short SNDK but didnt get filled in that either
Cale just a better kinda day to stay away
Ken-ST Moderator: yes
Ken-ST Moderator: today was a countertrend day
jvt yea overall this month has been really sucking for me
Ken-ST Moderator: always tough
allegro_Bob Missed the turn=up on SNDK.. u snooze u loose
Ken-ST Moderator: Lets see what post elections will bring
allegro_Bob got a few on it this am
jvt that's after tomorrow right KEN
Ken-ST Moderator
Ken-ST Moderator
Scott-ST Moderator
Ken-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in OSTK
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in OSTK
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in OSTK
Ken-ST Moderator: lol
Scott-ST Moderator: [img id=em-7]
Ken-ST Moderator: the trading equivalent to cherry picking
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