**********************************************************
********** Good Morning Everyone
********** Tuesday 14th, 2007
**********
********************************************************************
Amlo has entered DayTrading Chat
Amlo Gm to all
JQ has entered DayTrading Chat
limey has entered DayTrading Chat
JQ has logged out
JQ has entered DayTrading Chat
JQ GM Great Scott
JQ GM Catwoman
Jen gm JQ
JQ GM Dingdong
JQ GM Gang
JQ GM tc amlo limey marcus
JQ GM Erin where is Lizzy?
Ricky has entered DayTrading Chat
kami has entered DayTrading Chat
kami gm
JQ GM ricky kami
Ricky has logged out
Scott-ST Moderator: gm Amlo, JQ, limey, Ricky, kami
Scott-ST Moderator: what is a Lizzy?
Jen a woman with a hatchet?
Ricky has entered DayTrading Chat
Scott-ST Moderator: wb Ricky
Scott-ST Moderator: LOL Jen
PAPERTRADER has entered DayTrading Chat
ryan has entered DayTrading Chat
JP has entered DayTrading Chat
ddj has entered DayTrading Chat
JQ GM JP
ddj gm all
Scott-ST Moderator: gm PAPER, JP, ryan, ddj
JP GM
JQ GM ddj
peterl has entered DayTrading Chat
peterl gm all gm scott
JQ GM peterl
peterl gm JQ - hope we get less of dull day than Mon
Scott-ST Moderator: gm peter
drew has entered DayTrading Chat
nick has entered DayTrading Chat
Cale has entered DayTrading Chat
Scott-ST Moderator: gm drew, nick, Cale
nick gm
Tony has entered DayTrading Chat
Cale gm Scotty Scott
drew gm...lets make $$$
JQ Great Scott found some listed stocks
Scott-ST Moderator: [img id=em-4] it's the dirty word for the day
PAPERTRADER has logged out
JQ GM DIngdong did you get the house cleaned UP?
JQ GM BroBro Nice to see YOU!!!
Cale no
Cale but I sure did have a nice lunch
JQ G. Scott what is on your watch list?
JQ Sushi?
Scott-ST Moderator: zippo today
Cale nope, no sushi
JQ G. Scott ...Watching FOSL
Jim has entered DayTrading Chat
Scott-ST Moderator: gm Jim
papertrader has entered DayTrading Chat
Jim gm
Scott-ST Moderator: we will just add FOSL
JQ Chicken Fried Steak?
Cale just a standard lunch with a good friend
Cale we talked dirty to each other, she also trades stocks so we talked about listed stocks
Scott-ST Moderator: LOL
Scott-ST Moderator: ONE MINUTE
JQ LOL
tc Scott, HIBB ??
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: ADDING HIBB
macias0 has entered DayTrading Chat
Scott-ST Moderator: gm macias
anatta has entered DayTrading Chat
Scott-ST Moderator: gm anatta
anatta gm
Scott-ST Moderator: Markets opening up flat for the most part
Scott-ST Moderator: Watching for Type B Short at new low of the day on WMT 43.74
Scott-ST Moderator: Watching for Type B Short at new low of the day on WMT 43.74
Scott-ST Moderator: Watching for Type B Short at new low of the day on WMT 43.74
nick cfc getting hammered again
Scott-ST Moderator: WMT CLOSE
Scott-ST Moderator: DOW DOWN 2
Scott-ST Moderator: NAZ UP 5.69
Scott-ST Moderator: SPX FLAT
Jen just got 2.5% on TMA
Jen scary though
Scott-ST Moderator: long?
Scott-ST Moderator: wow gutsy
Jen yeah
Jen true, not for the faint of heart
JQ GJ
Jen :)
Jen WMT getting close
Cale so much for wmt
ddj has logged out
Jen the markets going down, down, down
ddj has entered DayTrading Chat
Scott-ST Moderator: BBBY looking intresting
Scott-ST Moderator: FACE
Jen that's one that I recall being burned by, just be careful if you trade it
Scott-ST Moderator: to bad it's below the 10 mark
Jen BBBY that is
Scott-ST Moderator: STAR
Cale SMDI ready for a breakout imho
JP Nice Cale.
Jen looks frozen
Cale just have to wait
Jen the candlesticks on BBBY are wild
Scott-ST Moderator: NAZ is holding strong
Cale I dont trust BBBY
JQ SMDI=Buyout
Jen me neither Cale, once bitten twice shy
Cale exactly
Scott-ST Moderator: Markets in a yo-you dance this morning
bigb has entered DayTrading Chat
Cale gm big
Scott-ST Moderator: gm BigB
bigb gm
Scott-ST Moderator: mmmmm I smell Coffee Brewing
Scott-ST Moderator: gang if we take TMA it will move fast
Scott-ST Moderator: the Spread is a bit wild
Scott-ST Moderator: markets moving lower
Scott-ST Moderator: we are still in a short term down trend
Cale you getting some Big?
Cale entry signals all over the place
bigb yup
Cale my SMDI is holding strong
JP SMDI is being bought by RFMD
Cale doh
Cale I was expecting a nice break out
Cale oh well, thats DAY TRADING
Cale looking good for some nice type C's this afternoon
Scott-ST Moderator: RUNNER
Scott-ST Moderator: Markets are just running lower
Cale close to S1 huh Big?
Scott-ST Moderator: DOW DOWN 85
Scott-ST Moderator: NAZ DOWN 6.41
Scott-ST Moderator: SPX DOWN 9.27
bigb yes
macias0 has logged out
macias0 has entered DayTrading Chat
Cale bounced right off it
Scott-ST Moderator: lower Lows in the market
Scott-ST Moderator: anyone working a personal Trade
Cale lol my SMDI (not in yet) just took a dip
Cale I am stil in SDS
peterl CFC looking like it could take a dive
Scott-ST Moderator: here comes WMT again
Scott-ST Moderator: sorry Gang, seems just like Monday
Ricky Don't force anything.
Scott-ST Moderator: exactly Ricky
Scott-ST Moderator: We are in the Summer Trading Day's and we want to manage our Capital so that we can come back and play again another day.
Scott-ST Moderator: CASH IS A POSITION
marcusid given WMT's trading in a tight range, and can't seem to near the LOD, in spite of lower dow, is there just as much probability WMT will break up/down?
Scott-ST Moderator: marcus TMA is very extended right now, and it found its floor, all the sellers are gone for the most part
Scott-ST Moderator: what ever reason it gapped down is now old news and built into the price.
Scott-ST Moderator: it could go lower or higher as it follows the market
marcusid what is TMA?
Scott-ST Moderator: Thornburg Mortgage
Scott-ST Moderator: LOL, a subprime victim
marcusid what does TMA have to do with my question on WMT?
Scott-ST Moderator: LOL, sorry marcus
Scott-ST Moderator: was looking at the wrong stock, my bad
Scott-ST Moderator: but you can apply the same principal
marcusid PETRL: thanks to you I shorted CFC and made 1.3%. I think its great when others in this room share their pics for others to evlaluate. Let's keep it up!
Scott-ST Moderator: good job marcus
Cale we try to but in a day like this its harder
peterl ah,, didnt get in that myself - base don keeping it calm. But gj ..
drew caught CFC for 1%, ty peter
Scott-ST Moderator: very nice drew
peterl OK, you can all give the finders fee now :)
Scott-ST Moderator: [img id=em-0]
Scott-ST Moderator: just remember what goes around comes around
JQ aon returns!!!!!
peterl indeed - dont rely too much on me guys - I'm new at this..
drew it's in the mail
peterl thx drew
Scott-ST Moderator: large surge down in the markets again
Scott-ST Moderator: DOW DOWN 120
Scott-ST Moderator: NAZ DOWN 18.44
Scott-ST Moderator: SPX DOWN 14.81
Scott-ST Moderator: S&P FUTURES DOWN 11
limey Best chance for success today would be the shorting of HOD ,s as they fail.
Scott-ST Moderator: Any Questions?
Cale yea, why is SMDI tanking?
Cale wonder if the buy out was turned away?
Scott-ST Moderator: not sure
Scott-ST Moderator: okay Gang we are about to roll into lunch.
Scott-ST Moderator: I was hoping that WMT would have triggered by now
Scott-ST Moderator: but its holding strong
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS FOR LUNCH
marcusid SCOTT: WMT TIGGERED!!!!
Scott-ST Moderator: if you got in keep with it
Scott-ST Moderator: we canceled the alerts before it triggered
Scott-ST Moderator: the target is 43.29
Jen TMA heading for the LOD
Scott-ST Moderator: following the markets
Scott-ST Moderator: take a look at the Q's
Scott-ST Moderator: if you are in WMT, I would suggest a stop at break even
Scott-ST Moderator: risk nothing during lunch
Scott-ST Moderator: Any Questions
Scott-ST Moderator: DOW DOWN 151
Scott-ST Moderator: NAZ DOWN 24.90
Scott-ST Moderator: SPX DOWN 17.81
Scott-ST Moderator: I am gong to step away during lunch, before I go does anyone ahve any Questions?
Scott-ST Moderator: be back in a bit
Tony has left the room
JQ has logged out
ryan has logged out
marcusid Scott: I sold WMT for a .5% profit based on your advise to create a tight stop, and concerns about lunch. It's not lower than my exit, but a profit is a profit.!
marcusid not=now
bigb sweet marcus....that is exactly what your suppose to do
bigb lets see 200
bigb we could on the dow
bigb -200
marcusid two good trades because of you guys: CFC and WMT. Thanks!
bigb were finally finding a little support here
tc has logged out
Ricky has logged out
Ricky has entered DayTrading Chat
nick has logged out
Ricky has logged out
Jim has left the room
Scott-ST Moderator: back
Scott-ST Moderator: anyone home?
Scott-ST Moderator: bit of a lunch time rally
peterl thinking about a couple of beers as its so slow..
Scott-ST Moderator: DOWN DOWN 105
Scott-ST Moderator: NAZ DOWN 18
Scott-ST Moderator: SPX DWON 12.07
Scott-ST Moderator: LOL
peterl Reckon BZH will test its 1 year low ?
Scott-ST Moderator: BZH will fall apart
peterl ah, it was at 9 on Aug 2 .. bit fo a way to go
peterl but nice weekly down trend
Scott-ST Moderator: 8.10 on the 1st
Scott-ST Moderator: i would bet that BZH goes bankrupt
peterl yeah my charts none too subtle. Bankrupt...
Scott-ST Moderator: Watching for Type B Short at new low of the day on FOSL 30.04
Scott-ST Moderator: Watching for Type B Short at new low of the day on FOSL 30.04
Scott-ST Moderator: Watching for Type B Short at new low of the day on FOSL 30.04
peterl dont want to be holding stock then..
limey has logged out
limey has entered DayTrading Chat
Scott-ST Moderator: WB limey
Scott-ST Moderator: watching ETEL
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short FOSL 30.04
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short FOSL 30.04
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short FOSL 30.04
Ricky has entered DayTrading Chat
Scott-ST Moderator: UPDATE: Moving stop on FOSL 30.45
Scott-ST Moderator: UPDATE: Moving stop on FOSL 30.45
Scott-ST Moderator: UPDATE: Moving stop on FOSL 30.45
marcusid Scott: to avoid the problems of a really bad fill yesterday, I placed a stop-limit on FOSL @ 30.45 & 30.49. Is that a reccomended strategy, or would a straight stop of 30.45 at market be better. I'm still confused about the opinions voiced by you and others yesterday. I invite other members to chime in as well.
Ricky Do you want to own the stock if it goes to $40?
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FOSL
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FOSL
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FOSL
anatta ty Scott
Ricky ty
Scott-ST Moderator: good trading gang
kami ty scott and bye
peterl damn missed the exit
Cale that woke me up
kami has logged out
Cale wow, whats up with Erin?
Cale her eyes look different
Scott-ST Moderator: she was on the Today Show early this morning
Scott-ST Moderator: maybe she felt she needed to look good
Cale Clearly JQ isnt in the House
Scott-ST Moderator: why?
Cale because he would be handing me a ton of crap about Erin
Cale so....
Scott-ST Moderator: ah
Scott-ST Moderator: not much action this afternoon in the markets
Scott-ST Moderator: FOSL still going lower
Scott-ST Moderator: looks like TMA is falling down now also
Scott-ST Moderator: markets are starting to see the sellers
Cale is Big Around?
Cale the Sky is Falling, the Sky is falling
bigb whats up cale
limey has logged out
Cale thoughts on it taking out the lows?
bigb i think we could do it....if we close a candle below the lod i think it could end up ugly
bigb ive been short since lunch
bigb im about to cover here
bigb we couldnt make a close below the prior lod so it may move back up a little for right now
bigb by prior lod i mean 36.25
Cale wow
Cale just amazing
bigb may have been a fakeout and that is one of the signs
bigb i would like to see some overbought to short again
Cale I am thinking this is the bottome
bigb there was a high volume flush out there
bigb i wouldnt be surprised to see it move up and then after 3 make a new low
Cale wow new low
bigb who knows but wouldnt be surprised if it did
Ricky sounds like one of the announcers at a horse race.. and they're off....
Cale lol
Scott-ST Moderator: TMA LOD
bigb cleaning out short stops right now
papertrader has logged out
Scott-ST Moderator: TAM lod
Cale looking to short again?
macias0 has logged out
bigb light short at 40
macias0 has entered DayTrading Chat
bigb out at 38.50 and 39
bigb im gonna wait for another rally
Cale okay
bigb ah i was hoping to get 41
Tony has entered DayTrading Chat
Cale there it goes again
bigb ya a little quicker than i thought
bigb i thought we might have pushed up a little longer before we pushed back down here
JP has logged out
bigb but it did make a new lod
bigb seems kind of early for this move
bigb but it does what it wants to do
Scott-ST Moderator: anyone have any Questions?
Scott-ST Moderator: DOW DOWN 195
Scott-ST Moderator: NAZ DOWN 36
Scott-ST Moderator: SPX DOWN 23.47
macias0 has logged out
bigb there is the 200 i mentioned earlier
Cale where is that?
bigb -200 on dow
nm has entered DayTrading Chat
nm has logged out
Cale oh
Cale short now?
bigb no
bigb i dont like this movement
Cale waiting
bigb no need to force trades... already have a good profit
Jen don't try to use reason with Cale
bigb haha
Cale true
Cale lol, huh?
Jen :)
Cale [img id=em-1]
Jen oh man, I was just kidding.
Jen Who is the one who always is rational enough NOT to trade on Fed Day?
Jen YOU!
Cale [img id=em-1]
Jen that was a compliment!
Scott-ST Moderator: anyone have any Quesitons?
Scott-ST Moderator: Comments
Jen make Cale stop bawling
Scott-ST Moderator: LOL, CALE SUCK IT UP AND QUIT CRYING....
Cale okay
Cale [img id=em-0]
Cale Now?
Jen sorry I can't watch how this day finishes. Gotta run. See you all in the a.m.
Scott-ST Moderator: Take care Jen
Jen bye
Jen has logged out
Scott-ST Moderator: One Hour Left in the Trading day Gang
Scott-ST Moderator: I am going to head out myself
Scott-ST Moderator: any last Questions...
peterl See all later
peterl has left the room
Scott-ST Moderator: take care everyone have a good evening