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********** Good Morning Everyone
********** Thursday July 5th, 2007
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nisha has entered DayTrading Chat
Scott-ST Moderator: gm nisha
nisha gm scott, gm all
Cale gm nisha
JP has entered DayTrading Chat
limey has entered DayTrading Chat
Scott-ST Moderator: gm JP limey
JP AAPL
Scott-ST Moderator: wow, how did i miss AAPL's gap, ty JP
Cale how about SHPGY ??
landbridge has entered DayTrading Chat
Scott-ST Moderator: yep Will add SHPGY also
Scott-ST Moderator: GM LANDBRIDGE
Scott-ST Moderator: a few stocks onthe watch list: ITRI, SINA, BEAV SBAC, FSLR, VRSN, BIIB, JNPR, HOV, LEN
anatta has entered DayTrading Chat
Tony has entered DayTrading Chat
Scott-ST Moderator: GM anatta
Scott-ST Moderator: gm Tony
Tony gm Scott and all
anatta GM Scott, GM all
Scott-ST Moderator: I guess the SEC didnt find anything wrong with APOL
Scott-ST Moderator: will be a good one to keep an eye on
Scott-ST Moderator: okay Gang, dont expect too much today.
Scott-ST Moderator: we may just be trading the Morning Session, we will see what the markets do.
landbridge gm Scott and all
Cale welcome land
Cale new?
kami has entered DayTrading Chat
Cale tough week to start trading
Scott-ST Moderator: gm kami
kami gm
kristi has entered DayTrading Chat
Scott-ST Moderator: gm Kristi
nick has entered DayTrading Chat
Scott-ST Moderator: gm nick
macias0 has entered DayTrading Chat
Scott-ST Moderator: gm macias
Ricky has entered DayTrading Chat
Scott-ST Moderator: gm Ricky
Ricky gm
mych something holding the european market today
Scott-ST Moderator: what do ya see mych
mych looks bearish over at europe
mych Now DJIA futures down 20 points....! !
Scott-ST Moderator: the S&P futures are just about even this morning
Scott-ST Moderator: again dont expect too much action
Scott-ST Moderator: Good Morning *** Opening Bell ***
Scott-ST Moderator: Good Morning *** Opening Bell ***
Scott-ST Moderator: Good Morning *** Opening Bell ***
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short WRES 11.19
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short WRES 11.19
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short WRES 11.19
Scott-ST Moderator: WOW THATS ALL OVER THE PLACE THIS MORNING
Ricky Really?
cg has entered DayTrading Chat
Scott-ST Moderator: GM and Welcome CG
mac has entered DayTrading Chat
Scott-ST Moderator: NO WRES did not trigger
Scott-ST Moderator: IT OPENED BELOW OUR TIRGGER PRICE!!
Scott-ST Moderator: CANCEL WRES
Jen soooo, cancel??
Ricky Cancel wht whole buy?
Jim has entered DayTrading Chat
Ricky Cancel the whole buy?
Scott-ST Moderator: YES
Ricky I thought we don't cancel type A's.
Scott-ST Moderator: just WRES
JP If they open beyond the trigger price then they are canceled.
smilestrader has entered DayTrading Chat
Ricky No problem, but this was a short.
Scott-ST Moderator: DAMN THAT AAPL!!!
Scott-ST Moderator: i cant seem to get an entry point
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AAPL 131.76
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AAPL 131.76
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AAPL 131.76
JP IMMR?
Scott-ST Moderator: Watching for Type B Buy at new high of the day on IMMR 18.10
Scott-ST Moderator: Watching for Type B Buy at new high of the day on IMMR 18.10
Scott-ST Moderator: Watching for Type B Buy at new high of the day on IMMR 18.10
Scott-ST Moderator: TY JP
kristi has logged out
Scott-ST Moderator: LOOK CLOSE At JNPR
JP RIMM HOD?
mac IMMR is a good short candidate now. Unusal Put option action. Maybe I am wrong but something is going on
JP It has certainly had a HUGE run over the past month.
Scott-ST Moderator: very intresting day, DOW opened down S&P and Naz Opened flat and now they are moving up
Scott-ST Moderator: not sure it will hold
JP GOOG hitting new highs this morning, MSCC as well
nick has logged out
nick has entered DayTrading Chat
Scott-ST Moderator: wb nick
Scott-ST Moderator: keep an eye on HOV
nick hello
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nick hey scott, whats up with JNPR?
Scott-ST Moderator: still have a close eye on it, I want to see what the markets develop as
Scott-ST Moderator: we dont have a perfect stop at this point
nick gotcha
JP SNCR could be worth watching.
Scott-ST Moderator: yep
Ricky has logged out
Jen RIMM valid at LOD and HOD?
Scott-ST Moderator: HOD the stop is too wide right now
Scott-ST Moderator: err LOD
Scott-ST Moderator: again, not expect too much action for today
mac JASO
Scott-ST Moderator: we dont want to force any trades
Scott-ST Moderator: JASO back in trading range
Scott-ST Moderator: Watching for Type B Short at new low of the day on HOV 15.61
Scott-ST Moderator: Watching for Type B Short at new low of the day on HOV 15.61
Scott-ST Moderator: Watching for Type B Short at new low of the day on HOV 15.61
Cale Looks like JQ's Liz is back from vacation
Scott-ST Moderator: just no CONVECTION in the markets this morning
Scott-ST Moderator: we will only be trading the Morning Session Gang
Scott-ST Moderator: I will be around and we can eyeball some stocks
Scott-ST Moderator: Jen Tell your Bat Story [img id=em-8]
mac What happened yesturday? I thought you were having a session on some strategy!!!!!!!
Jen well, I woke up at 2:30 a.m. and heard the cats going crazy chasing something in the house.
Jen thought it was a moth or something
Jen but turned on the light and saw it was a BAT!
Jen was able to shut all of the doors to rooms and get it isolated to a room with an outside door and without much fanfare, it flew right out!
Jen Like a bad dream, over in 10 minutes!
Scott-ST Moderator: WOW
Scott-ST Moderator: bet the cats wanted some of that action
Jen they kept scanning the room well after the bat was gone
Jen who knows what diseases they could get from a filthy bat!
Scott-ST Moderator: i am sure the bat was harmless, dont you think?
Jen probably
Scott-ST Moderator: that would just be crazy
Scott-ST Moderator: does that happen often?
Scott-ST Moderator: UAPH still on fire
Scott-ST Moderator: RIMM Droppping for the HOD
mych LEN is still searching for a top
Jen never to me, but I've had friends and family have it happen to them. Took much longer though to get it out of the house
mych holding my short
Scott-ST Moderator: cant you put a screen over the whole?
Jen yes, we should have, just didn't get around to it....we will now!
Scott-ST Moderator: lol
Scott-ST Moderator: well at least it was only one, could have been a ton, and could have made a movie out of it
Cale LOL, attack of the East Coast Bats
Jen there's a B movie in there somewhere
Jen funny, B movie, didn't even mean that, B for Bat!
Cale LOL
Cale only if a Cat would have caught one of the bats
Jen oh man....
Jen that's more a Dr. Seuss story
Cale lol
Cale what if the bat took off with one of the cats
Cale cat and bat, hummm
Jen and we caught the bat with a hat
Scott-ST Moderator: Oil Report
Jen he was quite small, the size of a rat
Cale some rats could get very big
doowop has entered DayTrading Chat
Scott-ST Moderator: gm doowop
Jen if we'd taken a swing at him, he could have gone splat
doowop Good morning
Scott-ST Moderator: kinda like a large mosquito huh Jen?
Jen no, way bigger than that
Scott-ST Moderator: Markets getting a little pop from the Oil report
Scott-ST Moderator: but still not much there
Scott-ST Moderator: RIMM now below the 50 ema
Jen AAPL is making its way back up
Scott-ST Moderator: a risky trade would be a short at the 2nd LOD break
Scott-ST Moderator: right here, might short RIMM, I will not issue, because the its High Risk
Scott-ST Moderator: MARKETS are very range bound and not moving much at all
Scott-ST Moderator: DOW DOWN 9
Scott-ST Moderator: NAZ UP 4
Scott-ST Moderator: S&P FLAT
Scott-ST Moderator: just not a day to trade at all...
Scott-ST Moderator: Any Questions?
Scott-ST Moderator: Comments?
cg When you buy,do you do it at market or limit?
Scott-ST Moderator: thats up to you, I like to use a market order to enter and a limit order to exit
cg Thanks
Scott-ST Moderator: unless I have a bat flying around in the office
Scott-ST Moderator: then I might just stay Flat[img id=em-0]
Scott-ST Moderator: markets moving more into the RED
Jim has logged out
Scott-ST Moderator: okay Gang Any Questions??
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS UNTIL TOMORROW MORNING
mych nope
Scott-ST Moderator: I will be back in about 30 min
mych LEN tanking at 35.71.. perhaps short entry
mac I love it! Shorted JASO @ 36.40 and here it goes
mac Covered @ 35.4
anatta WTG Mac
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smilestrader has logged out
mac SPIL is on my watch list for possible short position
cg has left the room
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mac WYNN
Scott-ST Moderator: gm mac
Scott-ST Moderator: WYNN is still in recent trading range and getting close to the 50 ema onthe daily
mac What happened yesturday? I thought you were going to have a training session
Scott-ST Moderator: anyone getting any action
Scott-ST Moderator: was mac, but no one showed up at 9:00
mac You said 9:30 and was in
mac Maybe some other time
Scott-ST Moderator: we will try again next week, maybe friday afternoon
mac Sounds good!
Scott-ST Moderator: anyone have any Questions right now?
Scott-ST Moderator: Markets are down just a very small amount
Scott-ST Moderator: DOW down 41
Scott-ST Moderator: S&P now down 3.5
Scott-ST Moderator: very little volume in the markets
Scott-ST Moderator: no Convection
Scott-ST Moderator: just a good day to stay flat
Scott-ST Moderator: markets taking out the LOD
sl has entered DayTrading Chat
bigb this is just all down
Cale LOL, and loving every sec of it
Cale shorted at 1538.25
Cale and still in OMG
mac it looks like SPIL will fill the gap today or tomorrow
bigb geez cale that is awesome
bigb almost 10 points
bigb you shorted before the market opened?
Cale yep
bigb wow nice call
Cale just after the market opened i guess, my platform shows 7:40
Cale so that would be 9:40
bigb these lows came during lunch though
bigb and were oversold so just watch carefully
mych has entered DayTrading Chat
mych hov has reached entry price.. Is heading lower
sl has logged out
Cale the Lows todya are like a huge magnet
Cale I am going to cover at 28.25 see if I can get a full 10 points
Cale w/ a 30.50 stop
Cale its a no brainer
Scott-ST Moderator: HOV is sitting at our entry + a few cents
bigb cool.....were seeing signs of a reversal on the nasdaq
bigb its mving ahead of its 20
Cale let me look
bigb other markets still holding below 5
Cale but its not very strong
bigb sp testing s2 right now
Scott-ST Moderator: i think it will take out s2
Scott-ST Moderator: the S&P or the ES?
mych there is a hex on housing stock... very seldome able hold gains for the day
Cale me too Scott
limey has logged out
Cale but I am not sure it will get it my much
Scott-ST Moderator: keep your eye on the Financials also mych
mych ok
bigb did you keep to your stop cale or are you still holding
mych be back need to reboot my computer
mych has logged out
mych has entered DayTrading Chat
Cale yep am out
Cale kinda wish I moved it up
Cale but dont want to get too greedy
Cale what a day!!!
bigb cool.....sweet trade
bigb those lows were all made during lunch so take them with a grain of salt
mych HOV in the money
Cale best this year
Scott-ST Moderator: are you in mych?
Cale agree bigB
mych was playing LEN
bigb we will see a better picture at the 20
Scott-ST Moderator: remember, as bigb said, we are in lunch and a lot of these breaks can be fake outs
mac I am buying JASO @35.42 down trend is breaking
bigb nasdaq consolidating nicely above its 20
Cale time to go Long?
Scott-ST Moderator: good luck mac
bigb testing the 20 right now
bigb kens favorite trade is a new low during lunch and then a surge past the 20 coming out.........it could be playing out here.
Cale Long at 31.50
bigb nasdaq definetly is
bigb i tried to go long at 30 but never got filled
Cale will take 1.25
Cale see if it can get up over yesterdays LOW
bigb its still really early.... stochs barely coming out of oversold area
Scott-ST Moderator: looks good, came up w/ some new indicators
Scott-ST Moderator: one is a 55 tich chart
Scott-ST Moderator: very sexy
bigb wow sound sexy
mac Just got filled @ 35.44 my target 35.84
bigb markets want to see some follow through with the russell. its still trading below the 20
Cale yep
Cale not sure if it can push up to 32.50
Cale thats all i need
bigb i think you will get it
Cale getting close
Cale bigB where in the US are you?
bigb right now im over in tucson
Cale summer home?
Cale bah, not during the summer, lol
Cale what am I thinking
bigb god......wrong place to choose a summer hme
bigb haha
bigb cmon russ.....we need your help here
Cale you long?
Cale Up simba up
bigb my monkey says here it comes
Cale not sure we can get up to yesterdays Low
mych HOV sinks
bigb yes i am long at 31.50 as well
mac Stop 35.50
Scott-ST Moderator: not moving fast for HOV
Scott-ST Moderator: we are out of lunch for the most part
Scott-ST Moderator: but not moving too much at all
mych is a slow slide
mych LEN as well
mych shorts taking off point by point
Cale here we go
bigb caching
bigb nice
Cale out with 1 point :)
Cale okay may not mess around anymore with it!!
bigb were back up to pre lunchtime levels now
mych anyone of you seen this?
mych http://www.zillow.com/postings/MakeMeMove.htm
bigb today was a perfect example of why you dont trust those lunchtime moves
mych is Ebay for housing
bigb interesting mych
Cale yep nice site mich
sl has entered DayTrading Chat
bigb back up to s1 now
mych a perfect match for post housing bubble..
mych kind of a "Dell" direct model for housing sales
mych cut off all those middle man
Cale been looking at dell myself
Cale wow should have stayed with it bigB
mych I think is not safe to go long on Dell
mych SEC filing been delayed for too long
mych if it was a simple issue it would be filed earlier
mych further more Dell direct modle has its limitations during price increase for LCD, Memory
mych it is too logistics intensive.. during high oil price, the cost of the logistics is high
mych just my take.. then price increase, what gives benefit is holding inventory
bigb cant believe walmart is selling them now. thats got to hurt their image
mych so right now the "shannel" players are able to offer lower price then Dell.. as they will have some stock before the LCD prices went up..
mych channel
Cale flat
Cale wait walmart is selling Dell?
mych yup..
mych Dell is shoving inventory into wall mart...
Cale when?
mych I think since last week
bigb may be good for revenue but not sure about pricing and bottom line
bigb only time will tell
mych http://www.bloggingstocks.com/2007/06/11/dell-systems-now-selling-at-wal-mart-locations/
mych is kinda reversal play for Dell
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mych Direct model - good when price is at the peak, to ride down the cost
mych Channel model - Good at the bottom, to ride up the price
mych at certain point of time there will be a move out of Wall Mart
Cale looks like another Long in the ES
mych I just wonder how Dell is doing in US
doowop has logged out
Cale seems to be doing well
Cale the charts look good
bigb near 52 week high
bigb looks pretty damn good
bigb volume has just died out
Cale yep
Cale was looking at it for my IRA account
Tony has left the room
Cale surge in the ES
bigb wow quite a move there
Cale everything I have shows a short but I am not going to mess wtih it here
mac I am done for the day. See you all tomorrow
mac has left the room
bigb tricky market this week. wouldnt risk it
Cale nope
Cale very tricky
Cale just got lucky today
Cale dont want to give anything back
bigb take your profits and run
Cale surge up
Cale yep
Cale still flat
Cale very crazy
sl has logged out
Cale okay bigb, scotty, mych have a goodevening
Cale see you all later
Cale bye[
Scott-ST Moderator: take care Cale
Cale has left the room
mych gtg catch some winks bye
Scott-ST Moderator: later mych
mych has logged out
Scott-ST Moderator: later everyone
Scott-ST Moderator: bye