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********** Good Morning Everyone
********** Thursday 9th, 2007
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steve gm
Scott-ST Moderator: we have all the futures down S&P down 22 and DOW down 175
Scott-ST Moderator: the S&P futures are already at yesterdays LOD
limey has entered DayTrading Chat
Charlie has entered DayTrading Chat
Charlie gm all
peterl has entered DayTrading Chat
peterl gm all
peterl CTRN
JQ has entered DayTrading Chat
JQ GM Gang
JQ GM Great Scott
drew has entered DayTrading Chat
JP has entered DayTrading Chat
JP has logged out
JP has entered DayTrading Chat
Jen has entered DayTrading Chat
Scott-ST Moderator: gm peter, limey, charlie, JQ, JP, Jen
Scott-ST Moderator: Futures Just keep Running Down
Scott-ST Moderator: DOW DOWN 205
Scott-ST Moderator: PANIC
Scott-ST Moderator: WHAT'S THE WORD FOR THE DAY GANG?
kami volatility in the extremes
Scott-ST Moderator: so we should play it CONSERVATIVE
JQ The Sky Is Falling!!!!The Sky Is Falling!!!!!
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ddj has entered DayTrading Chat
ddj gm all
Scott-ST Moderator: gm ddj
Scott-ST Moderator: lol seems like it JQ
anatta has entered DayTrading Chat
Scott-ST Moderator: gm anatta
anatta gm
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anatta has entered DayTrading Chat
PAPERTRADER6475 has entered DayTrading Chat
Scott-ST Moderator: LARGE watch list also: ACTL ADVS RTEC SAIA BOOM DGII ULTI JNPR ITRI MCRS MYGN PHTN SPNC
sl has entered DayTrading Chat
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Scott-ST Moderator: gm sl, Jim, papper
nm has entered DayTrading Chat
Scott-ST Moderator: gm nm
nm has logged out
Cale has entered DayTrading Chat
Scott-ST Moderator: gm Cale
nm has entered DayTrading Chat
Cale good Morning Everyone
Cale gm Scotty Scott
Cale gm JQers
JQ GM Calebo
Cale cleaned up on the Futures this morning
Cale 8 points
Cale weeee....
PAPERTRADER6475 GM TO ALL
Scott-ST Moderator: very nice Cale
JQ ya da Man
nm gm all
Scott-ST Moderator: gm nm
sl has logged out
Cale wow sl had enough already
tc STST ??
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macias0 has entered DayTrading Chat
Scott-ST Moderator: adding that
mac gm
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: so having all Short stocks, does that tell you anything?
Jen wow, CTRN dropping like a stone
Tony has entered DayTrading Chat
Scott-ST Moderator: remember its a conservative day
nick has entered DayTrading Chat
Scott-ST Moderator: Watching for Type B Short at new low of the day on INSP 17.18
Scott-ST Moderator: Watching for Type B Short at new low of the day on INSP 17.18
Scott-ST Moderator: Watching for Type B Short at new low of the day on INSP 17.18
ddj has logged out
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Scott-ST Moderator: SIRO has the setup up but the spread is wide
Scott-ST Moderator: same with STST just a wide spread
Scott-ST Moderator: LLNW is worse
Scott-ST Moderator: DOW DOWN 196
NAZ DOWN 37
S&P DOWN 25
sl has entered DayTrading Chat
Scott-ST Moderator: WB sl
marcusid why no JOSB at HOD?
Scott-ST Moderator: because its still below the 5 ema on the 5 min chart
marcusid thanks for the info
Scott-ST Moderator: [img id=em-8]
Cale lol, is the spread really 45 on STST?
Jen when the market is this red, a long trade better be VERY powerful
macias0 almost I see...17 x 17.33
Scott-ST Moderator: Watching for Type B Short at new low of the day on HD 25.15
Scott-ST Moderator: Watching for Type B Short at new low of the day on HD 25.15
Scott-ST Moderator: Watching for Type B Short at new low of the day on HD 25.15
Scott-ST Moderator: Watching for Type B Short at new low of the day on HD 35.15
Scott-ST Moderator: Watching for Type B Short at new low of the day on HD 35.15
Scott-ST Moderator: Watching for Type B Short at new low of the day on HD 35.15
Scott-ST Moderator: 35.15 GANG
Scott-ST Moderator: CANCEL INSP SHORT ALERT FOR NOW
Scott-ST Moderator: No Financial Advice
The information on the Trading Room is provided for information purposes only. The information is not intended to be and does not constitute financial advice or any other advice. The information on this Trading Room is general in nature and is not specific to you. You should not make any decision, financial or otherwise, based on any of the information on this site without undertaking your own due diligence. You agree that any and all use of the information, which you make, is solely at your own risk and without recourse to the Company or the content providers
Scott-ST Moderator: OMRI closed the gap
Scott-ST Moderator: Watching for Type B Buy at new high of the day on SPNC 15.02
Scott-ST Moderator: Watching for Type B Buy at new high of the day on SPNC 15.02
Scott-ST Moderator: Watching for Type B Buy at new high of the day on SPNC 15.02
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short HD 35.15
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short HD 35.15
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short HD 35.15
Scott-ST Moderator: UPDATE: Moving stop on HD 35.58
Scott-ST Moderator: UPDATE: Moving stop on HD 35.58
Scott-ST Moderator: UPDATE: Moving stop on HD 35.58
Scott-ST Moderator: Watching for Type B Short at new low of the day on SAIA 15.7
Scott-ST Moderator: Watching for Type B Short at new low of the day on SAIA 15.7
Scott-ST Moderator: Watching for Type B Short at new low of the day on SAIA 15.7
Scott-ST Moderator: Watching for Type B Short at new low of the day on SAIA 15.67
Scott-ST Moderator: Watching for Type B Short at new low of the day on SAIA 15.67
Scott-ST Moderator: Watching for Type B Short at new low of the day on SAIA 15.67
Jen volume is realllllllllllllllllly low
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy SPNC 15.02
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy SPNC 15.02
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy SPNC 15.02
Scott-ST Moderator: good point Jen
Scott-ST Moderator: lets keep an eye on it
Scott-ST Moderator: STOPPED Consider exit in HD
Scott-ST Moderator: STOPPED Consider exit in HD
Scott-ST Moderator: STOPPED Consider exit in HD
tc has logged out
Scott-ST Moderator: UPDATE: Moving stop to entry SPNC
Scott-ST Moderator: UPDATE: Moving stop to entry SPNC
Scott-ST Moderator: UPDATE: Moving stop to entry SPNC
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SPNC
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SPNC
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SPNC
Jen nice call Scott
Scott-ST Moderator: [img id=em-8] TY jEN
JQ GJ
Scott-ST Moderator: SPNC hod
Scott-ST Moderator: ty JQ
Scott-ST Moderator: just wish HD would have worked out
Scott-ST Moderator: JOSB on a run, never gave us an entry for Long
Scott-ST Moderator: MYGN doing well
JP ELON could be good on a pullback.
Scott-ST Moderator: will keep an eye on it, needs to pull back to 31.66 area to setup a good stop
Scott-ST Moderator: the Q's Closed the gap
Scott-ST Moderator: no QQQQ alerts today at this point
Scott-ST Moderator: markets are working thier their way up
JP INSP HOD?
JP nevermind
Scott-ST Moderator: stop was wide
Jim has logged out
Scott-ST Moderator: but not bad
limey Got BZH at HOD 2%
Scott-ST Moderator: nice trade limey
Jim has entered DayTrading Chat
Scott-ST Moderator: gm Jim
Jim gm
peterl I got a bit of GRMNs run - but only pays me back..
Cale lol
Cale me too peter
limey in BZH again
limey Yeah BZH $$$
limey Thanks to all your training Scott
Scott-ST Moderator: lol, ty limey
sl has logged out
JP HD near HOD
Scott-ST Moderator: BUSH talks and the markets tank
drew SDS next time he's up
Scott-ST Moderator: LOL, nice call drew
limey The idiot speaks and the market drops
Cale lol, you mean Scotty Scott?
Scott-ST Moderator: [img id=em-1]
Cale lol, yea, who is "we"
Scott-ST Moderator: Markets in a bit of a choppy range right now
Scott-ST Moderator: DOWN DOWN 156
Scott-ST Moderator: DOW DOWN 156
Scott-ST Moderator: NAZ DOWN 12
Scott-ST Moderator: S&P DOWN 18
JQ PPT had to work hard this am...I wonder if they will be working after lunch?
Cale you know they will be
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS UNTIL AFTER LUNCH
Scott-ST Moderator: Will start scanning for type C's now
JQ You KNow they are pissed OFF ,they had the markets right were they wanted them ...then Bush had to have a news conf.
Cale LMAO
Cale nice tie, wonder where he got that one?
JQ LOL
Cale see that reporter?
Cale Scott knows him, uhu scott?
Jen you do?
Scott-ST Moderator: you mean this guy
l
Jen Who is he?
Cale LOL
Scott-ST Moderator: i am a reporter now
Scott-ST Moderator: heheh
Jen hehehe
Cale Just need glasses
Scott-ST Moderator: lol
Scott-ST Moderator: Any Questions?
Scott-ST Moderator: anyone working a personal Stock?
sl has entered DayTrading Chat
Scott-ST Moderator: wb sl
JQ No but I stayed in a Holiday Express last night!!!
Cale Your a nice Lady
JQ You can Loss weight TOO!!!
Cale lol
JQ LOL
Scott-ST Moderator: DOW DOWN 94
Scott-ST Moderator: NAZ DOWN 1.31
Scott-ST Moderator: S&P DOWN 12.10
drew short DLTR per ST rec
Scott-ST Moderator: what target did you get in at?
Scott-ST Moderator: thats our swing trade Gang
drew 40.17
Scott-ST Moderator: little bit of a gap down this morning
drew oh yeah
sl has logged out
JQ si had enough
JQ Ok Gang see you tomorrow!!!!! TC!!!
JQ has logged out
Scott-ST Moderator: Take care JQ
Scott-ST Moderator: any Questions Gang
Scott-ST Moderator: any Questions?
drew dltr close to target
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Scott-ST Moderator: very nice drew
Scott-ST Moderator: gm bigb
bigb gm scott and everyone
Cale hey BigB
Cale sleeping in?
bigb just got back from a trip yesterday....slept in an extra hour today. Didnt want to get burned out
Cale I hear that
Scott-ST Moderator: DOW DOWN 160
Scott-ST Moderator: NAZ DOWN 30
Scott-ST Moderator: S&P DOWN 25.83
Mike22 has entered DayTrading Chat
Scott-ST Moderator: Starting to Roll out of Lunch
Scott-ST Moderator: ga Mike
macias0 has logged out
PAPERTRADER6475 all quiet today
Scott-ST Moderator: lol
PAPERTRADER6475 lol
Scott-ST Moderator: everyone is waiting for the other show to drop
PAPERTRADER6475 other show???
Scott-ST Moderator: shoe
Scott-ST Moderator: lol
PAPERTRADER6475 o ok got it now...
PAPERTRADER6475 sort of pull the plug
Scott-ST Moderator: [img id=em-10] later
Scott-ST Moderator: oh, i throught you said got to go
Scott-ST Moderator: we need to get on the same page paper
PAPERTRADER6475 ok scott
Scott-ST Moderator: lol
PAPERTRADER6475 lol
PAPERTRADER6475 dow -176.56
PAPERTRADER6475 naz-33
Scott-ST Moderator: making a run for the LOD
mac INSP is getting close
Scott-ST Moderator: remember with INSP we are fighting that large green candle near the open
Scott-ST Moderator: here comes the Market Yo-Yo Dance
macias0 has entered DayTrading Chat
Scott-ST Moderator: INSP really dosnt have a good stop setup up, need to see some consolidation around the 17.44 area 1st
Scott-ST Moderator: wb macias
Scott-ST Moderator: big fight in this area, Bulls or the Bears
Cale I would guess that they might try to run this thing back up
Cale They dont want to have a down trend in the markets
Scott-ST Moderator: could be
mac I shorted it @ 17.60 looking for 3% profit. My stop is 1% profit
Scott-ST Moderator: what did you short?
mac insp
Scott-ST Moderator: ah very nice trade mac
mac Let see if it works
anatta NCT big bar. News?
Scott-ST Moderator: not sure
Scott-ST Moderator: nice pop up
mac I am still short on HD as well @35.77 This one might be risky. If it works looking for a 2 points
anatta I couldn't find any.
Scott-ST Moderator: maybe its big money moving in
Scott-ST Moderator: Lot of Volume there also
anatta it's a real estate co..not the best sector at this time
Scott-ST Moderator: lol
Scott-ST Moderator: I would avoid thats for sure
Scott-ST Moderator: does NVDA have announce earnings today?
nick yes after the bell
anatta current yield 17.90%
Scott-ST Moderator: okay ty
nick has logged out
Scott-ST Moderator: DOW DOWN 210
Scott-ST Moderator: NAZ DOWN 38.50
Scott-ST Moderator: S&P DOWN 30
Scott-ST Moderator: welcome to the yo-yo dance
nm Short PCLN....I shorted twice today and $$
nm ??
Scott-ST Moderator: extended
nm thx
Scott-ST Moderator: let me look closer
nick has entered DayTrading Chat
Scott-ST Moderator: looks good nm
Scott-ST Moderator: need a pull back
Scott-ST Moderator: there it is
Scott-ST Moderator: Watching for Type B Short at new low of the day on PCLN 73.64
Scott-ST Moderator: Watching for Type B Short at new low of the day on PCLN 73.64
Scott-ST Moderator: Watching for Type B Short at new low of the day on PCLN 73.64
nm PCLN appears to be covering the shorts
Jim has logged out
Scott-ST Moderator: take Care Jim
Scott-ST Moderator: too much of a pull back on PCLN, we will need to cancel that short
Scott-ST Moderator: CANCEL PCLN Short for now
Scott-ST Moderator: INSP bounced right off that bottom didnt it
nm yep
Scott-ST Moderator: any Questions or comments?
Scott-ST Moderator: personal trades you are working?
mac Made money shorting it and going long right after. I am done for today. Have a great night everyone.
anatta I went long that NCT and am up .46
mac has left the room
Scott-ST Moderator: nice trade anatta
anatta ty
nick pcln comming back down
nm yep...go down, down down PCLN
nm Kinda tricky that PCLN
nm dropperini
nm has shown resistance this range
bigb be careful on longs
nm good advice bigb
nm dar she blows...pcln
bigb dont be surprised if we move up a little and fail and then move down and break the trend line on the 60 min and see a huge selloff at the end of the day
bigb just be aware that the market is testing deep waters right now
Jen agree bigb
Scott-ST Moderator: didnt trust that PCLN
bigb im short this market at 1478
bigb i dont trust that long rally
Scott-ST Moderator: very nice Big
bigb were so close to breaking the lows
bigb if we break it
Scott-ST Moderator: RTEC stayed strong
bigb we could see a panic selloff here
Scott-ST Moderator: DOW DOWN 222
Scott-ST Moderator: NAZ DOWN 36
Scott-ST Moderator: S&P DOWN 29
Cale I guess they run it back up to be a small down day
Cale like the DJI to be only down 70 or so
Cale just my guess
bigb ya it could be a double bottom
nm I made $$ on PCLN now 3 times....but this last drop I got out at .5%....too spooky at this point
Cale did you see where CNBC announce that the chance of a fed cut next go around is 100%?
nm hmmm
Scott-ST Moderator: lol 1/2 is always better then nada
nm yes, 1/2 was a relief
Jen yeah, if they don't do one via an emergency session
Jen which was bantered around this a.m.
Cale didnt hear that
nm what is the explanation for the %100 drop...all due to the prime lending fiasco?
nm 100% sure that it would drop
nm ?
Cale 100% chance of dropping
Cale the intrest rates by .25
nm what was the explanation of the certainty
nm subprime lending troubles?
Cale the whole ball of wax, subprime, the Dollar, the state of the econ, etc......
Jen liquidity issues from latest drama, e.g. French bank shut down all redemptions today because couldn't price portfolio so gov't had to infuse capital into the market
Jen snow ball affect
nm makes sense
nm Before I sold my title company in 2001...I had strong concerns on the underwriting quidelines for the B & C paper...I was shocked with what was being approved and many B & C paper loans have cost prohibitive prepayment penalities that were ARM loans...adjustable rate loans
nm I have not been surprised with this unfolding of events.
nm secondary mortgage market very leary and as you said Jen.....limited in wharehouse funds
Jen do you think this affect floating rate note closed end funds?
Jen often called "bank loan" funds
bigb took all but 1 off
bigb woooo
bigb big profit there
nm not sure Jen....need to do more research
Jen mostly corporate debt at or just below BBB, with rates that reset each month
Scott-ST Moderator: I am not even know the people who should know know, you know?
bigb alright i just took the last off
bigb damn that was beautiful
bigb 9 points on the es there
bigb times 30
Cale wow, amazing
Cale 30 contracts?
Cale huge!!!
nm I would not think that it would have that much effect is based on BBB...reasonable base rates for the last 5 years even though there has been an uptick. I do think that the high interest rates on the B & C papers were usereous (sic) and the prepayment penalties limited the opportunities for refinancing
bigb geez i killed it on the ym though
bigb shorted at 517...covered at 453
Cale nice 13K
nick pcln has a big gap to fill
nm Here in Texas we have had legislative reform on predatory lending
bigb ya together over 20k there
Scott-ST Moderator: very nice trading BigB
Jen thxs nm
bigb s2 support here on dow and sp
nm sure
nm very nice bigb
Scott-ST Moderator: DOW DOWN 247
Scott-ST Moderator: NAZ DOWN 38
Scott-ST Moderator: S&P DOWN 32.03
nm just amazing on PCLN
Scott-ST Moderator: all this action and I cant find a stock to play
nm what is a moderator to do?
nm :-)
peterl yeah nm - just got 1% on it meself.. but small lot
Scott-ST Moderator: could short PCLN but the stop is very loose
nm good job peter
peterl so no big $$ , but fun anway
nm I would be very careful
nm $$ is always fun
peterl feeds the girlfriend
nm LOL
bigb the end of day should be very interesting
bigb maybe a failed rally
nick end of day - panic selling or short covering
Scott-ST Moderator: I am with Cale, Short Covering Rally
nm Just tuned on CNBC...Kramer on the FED
sl has entered DayTrading Chat
nm Love the disclosure
Jen anyone play RIMM short today?
Jen look at the 5 min chart, nice long slide
Cale RIMM has a 2 for 1 split coming at the end of the month
Jen interesting
bigb here it comes
Cale *eyes closed*
bigb if you get a rally here
bigb then it will be a good double bottom
Cale I guess so
Cale testing the bottom again
steve did quick short on AKAM, got out...but still going down
bigb new lod on ym
nick so far more selling than covering
bigb last hour of the day
bigb getting close to 300 now on dow
bigb there it is
bigb wooo
bigb i love this
limey has logged out
bigb longs are washed out
bigb look for a little short covering soon
peterl thx steve - scalped a few myself
bigb watching 89 tick chart
Cale not a 55 tick?
bigb i use 89
kami shot covering should start in few minutes !
Cale will try that out
peterl what looks good ?
nick here it comes
nick covering
Tony has left the room
PAPERTRADER6475 has logged out
Cale nice covering of the Shorts
nick good call so far cale
bigb im done......just did the fastest trade of my life
bigb as fast as i got filled it covered
Cale lol
bigb far less than a second
Cale still shaking?
bigb this market is not healthy
nm heading back to -300
Scott-ST Moderator: CANCEL ALL ALERTS FOR TODAY