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********** Good Morning Everyone
********** Thursday 30th, 2007
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Ricky has entered DayTrading Chat
Scott-ST Moderator: gm Ricky
Ricky gm
nick has entered DayTrading Chat
Scott-ST Moderator: gm nick
Scott-ST Moderator: Markets will be opening lower today
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mac has entered DayTrading Chat
nick gm
Scott-ST Moderator: tc, JP, anyone see anything else?
Scott-ST Moderator: wb nick
Scott-ST Moderator: gm mac
mac gm
Cale has entered DayTrading Chat
Scott-ST Moderator: gm Cale
Cale gm Scott
Cale gm everyone
tc Scott, CTRN ??
peterl has entered DayTrading Chat
Scott-ST Moderator: yep adding
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
tc has logged out
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Scott-ST Moderator: SWING TRADE triggered
Scott-ST Moderator: fyi
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Scott-ST Moderator: Markets are givng it all up
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Scott-ST Moderator: gm Tony
Scott-ST Moderator: wb marcus
Tony gm Scott and all
Scott-ST Moderator: Watching for Type B Short at new low of the day on CTRN 21.49
Scott-ST Moderator: Watching for Type B Short at new low of the day on CTRN 21.49
Scott-ST Moderator: Watching for Type B Short at new low of the day on CTRN 21.49
Scott-ST Moderator: CANCEL CTRN SHORT FOR NOW
mac SIGM
Scott-ST Moderator: A Long on SIGM the stop would be to wide at this point
Scott-ST Moderator: need some consolidation near the HOD
Scott-ST Moderator: or around the 47.75 area
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Scott-ST Moderator: wb marcus
Scott-ST Moderator: DOW DOWN 87
Scott-ST Moderator: NAZ DOWN 11.69
marcusid thx--tech problems with computer adn ALGN is up 14 cents from close.
Scott-ST Moderator: SPX DOWN 9.94
Scott-ST Moderator: we have Help wanted index news at 10:00 and EIA Nat Gas gas at 10:30
Scott-ST Moderator: a lot of traders/market makers are going to get an early start on their weekend
Scott-ST Moderator: volume over all is low this morning
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JP RIMM at new highs
JP NVDA as well
Cale they may need to do another split
Scott-ST Moderator: Watching for Type B Short at new low of the day on CORS 13.24
Scott-ST Moderator: Watching for Type B Short at new low of the day on CORS 13.24
Scott-ST Moderator: Watching for Type B Short at new low of the day on CORS 13.24
marcusid CORS not shortable security with TS!
DaveL can't borrow CORS at Fido either
Scott-ST Moderator: okay the next best thing to do is note the setup
Ricky none with IB
Cale call your broker to see if you can get some shares
Scott-ST Moderator: SIGM HOD, very extended
Scott-ST Moderator: internals are showing some strength
marcusid I called TS--they can't borrow either. I don't think anybody is going to have any luck. Lets hope this never would have triggered
Killer same here
JP RIMM HOD?
Scott-ST Moderator: yep good setup
Scott-ST Moderator: Liets issue
Scott-ST Moderator: Watching for Type B Buy at new high of the day on RIMM 84.59
Scott-ST Moderator: Watching for Type B Buy at new high of the day on RIMM 84.59
Scott-ST Moderator: Watching for Type B Buy at new high of the day on RIMM 84.59
Scott-ST Moderator: [img id=em-10] TY JP
Scott-ST Moderator: the NAZ has been very strong the past 2 days
Scott-ST Moderator: up 11.56
Scott-ST Moderator: keep your eye on those Tech Stocks
Cale like SNDK
JP I thought NVDA was the new SNDK?
Cale lol
Scott-ST Moderator: okay Gang looks like that's is going to be it for this morning
Killer are you going to trade the afternoon session?
Scott-ST Moderator: I will Killer
Scott-ST Moderator: but I don't expect much at all
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marcusid Scott: Friday, its my understanding you take off at lunch--no trading in the pm. Tomorrow may be a slow boring day--or it could shape up for a real trading opportunity. What's your plans?
Scott-ST Moderator: tomorrow we will only be trading the Morning session
Scott-ST Moderator: this afternoon will also be very slow....
bigb tomorrow afternoon is probably going to be sooooo dead unless some drastic news comes out
bigb i think bernanke is speaking tomorrow
Scott-ST Moderator: is there any intrest for a Q&A session or Training during lunch??
bigb maybe he will say something crazy
marcusid training: always. Who need to eat. But I don't think I'll be able to get audio, very frustrating since I know that all of my settings are a go
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wizeman how do I enter training room Scott?
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Scott-ST Moderator: need an account at tradingrooms.com
DaveL are we going to cancel RIMM?
Scott-ST Moderator: yes
Scott-ST Moderator: and all
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS UNTIL AFTER LUNCH
Scott-ST Moderator: once you haev the software up and running you will need to go to the Trading Rooms then Premium rooms
DaveL knew RIMM would go once we canned it
Scott-ST Moderator: then to swingtrades.com
Scott-ST Moderator: almost
marcusid I'm going with RIMM it it triggers
Scott-ST Moderator: the password is nvdia
DaveL well then you better get ready Marcus
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marcusid I wanted to buy RIMM at 84.20, but decided to be a good robot and follow orders of my maker :)
Scott-ST Moderator: lol
Scott-ST Moderator: okay I am in the Training Room
Scott-ST Moderator: it is open
Scott-ST Moderator: any intrest? I don't have much new to go over but would be happy to do some Q&A
marcusid RIMM FILLED!!!!!!!!!!!!
Scott-ST Moderator: but we are in lunch, and will avoid for now
DaveL what do you mean...RIMM triggered or you bought it Marcus?
Scott-ST Moderator: if we were not in lunch hour, RIMM would have triggered
Scott-ST Moderator: we had a long alert at the HOD 84.59
Scott-ST Moderator: but its pulling right back down
DaveL I know...but I was just wondering what he meant by "filled"
Scott-ST Moderator: I would guess that he took the trade and got flled
Scott-ST Moderator: okay gang I am in the Training room for a bit
Scott-ST Moderator: let me know if you have any Questions
Scott-ST Moderator: last chance for the Training Room
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Scott-ST Moderator: take care Ricky, anatta
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DaveL have a good one Scott....see you tomorrow
Scott-ST Moderator: later Dave
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Drew gotta run as well...tc
ddj gm all
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Scott-ST Moderator: later Drew
Scott-ST Moderator: gm ddj
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Scott-ST Moderator: ga Amlo
Scott-ST Moderator: Newer HOD for the Markets
Scott-ST Moderator: they are all green
Scott-ST Moderator: we can expect a good attempt to go green because of window dressing today and to morrow
bigb ive been playing long all day
Scott-ST Moderator: good Call Bigb
bigb going to get some resistance here as were near the daily trend line
bigb if it breaks through dow could go up another 100 points
Scott-ST Moderator: on the S&Pcash I could see them test or take out the last swing point of 1479
bigb ya i agree scott
bigb would not be shorting today unless we see some major selling come in
Scott-ST Moderator: that would put the S&P up over the 50 ema on a daily chart and just below the .618 fib line
Scott-ST Moderator: no I would not consider a short in the markets right now, unless you are looking for 1/2 a point
bigb better to look for a pullback to buy into
Scott-ST Moderator: exactly like now
bigb exactly....im long from 6825
bigb took a couple off at 69
bigb would love to see this come back down to 67
Scott-ST Moderator: lol
bigb well my lunch will taste much better if im flat so looking to take it off and go eat
Scott-ST Moderator: lol
marcusid Scott: would you revisit RIMM. My stop is at 83.30, its behaving very strangely
Scott-ST Moderator: that's because it's the lunch time
Scott-ST Moderator: RIMM is now below the 20 and 5 ema
Scott-ST Moderator: the stop is still 83.31
Tony has left the room
Scott-ST Moderator: unless you want a much tigher stop then you would have to go with 83.72
Scott-ST Moderator: RIMM is still in an up trend
Scott-ST Moderator: and could test the HOD
Scott-ST Moderator: but I would not let it fall below 83.31
Scott-ST Moderator: okay Gang I am gong to step out for about 45 min
Scott-ST Moderator: I will be back right after lunch
marcusid currently down .8%--do you still think its a hold
Scott-ST Moderator: I have to say no marcus
Scott-ST Moderator: I would not have entered it during luch
Scott-ST Moderator: now that you have the 20 ema as resistance it's just that much harder to move up
marcusid Live and learn!
Scott-ST Moderator: as long as you planed your trade and you trade your plan you should be okay
Scott-ST Moderator: okay BRB
marcusid Trade Station's server is down, I can't do anything now. I have my stop in place at 83.30
marcusid is there as site you can get quotes that are not delayed?
bigb nerve gas is at the un
bigb they are evacuating
bigb not even on news yet
bigb its all over the floor
marcusid I want to short DIA/QQQQ and cant make the trade
peterl no effect on the Q's yet
marcusid can someone give me the current quotes for RIMM and ALGN?
marcusid is there a website that can give you current (no delay) quotes for times like these (no connectivity)
JP RIMM 84.35
JP ALGN 22.59
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marcusid Thanks JP--is there a site that doesn't have delayed quotes?
JP Not sure.
bigb geez it took a good extra 15 minutes before the news reported it
JP Anyone see anything interesting out there?
bigb be very careful with shorts
JP LOL...nerve gas in a closet at the UN.
bigb we may see some big short covering if we move a little higher
JP I'm only looking for longs.
peterl If its nerve gas that induces a coma at the UN, how would you tell ?
bigb haha
peterl what Bolton doing anyway thse days..
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marcusid I use Trade Station as my broker. They have no connectivity. This isn't the only time. I have used Interactive Brokers and my experience was not good--the worst customer service in the industry; and I got some rediculous fills. Can anybody give me some reccomendations--alternatives. You can chat privately if you like.
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Scott-ST Moderator: anyonehome?
marcusid ME!
Scott-ST Moderator: DOW DOWN 5
Scott-ST Moderator: NAZ UP 11.43
Scott-ST Moderator: SPX DOWN 2.25
Scott-ST Moderator: Well quite the story huh
marcusid Still in RIMM; and hedged with a DIA short at current price
Scott-ST Moderator: good luck Marcus
Scott-ST Moderator: I think RIMM will hit 88 no problem but it may be next week
JP2 Cramer thinks that every stock that hits 80 goes to 100.
Scott-ST Moderator: is that what he said??
Cale okay boys and girls off for a long weekend
Cale have a good one everyone
Cale have a safe one
Scott-ST Moderator: take care Cale, see you Tuesday?
Cale yeppers!!
Cale Thanks Scotty Scott
Cale bye
Cale has left the room
marcusid No more overnights. I'm still in ALGN and getting near my stop for a big loss. I got a stop on Rimm at 83.67; and DIA cover at 133.15-- a little above HOD. No mare trades today.
JP2 Yeah, he said something along the lines of "stocks that hit $80 normally see $100 in short order."
marcusid Cramer is bright and entertaining, but he won't (on his shows) ever discuss shorting. His show thrives in a bull market. When his followers get slaughtered (cause he only goes long), his ratings will dry up
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Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short UTIW 21.74
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short UTIW 21.74
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short UTIW 21.74
Scott-ST Moderator: WOW, Came out of no where
marcusid How come no heads up? I got in at 21.69 (5 cents below entry).
JP2 It's a type A, been posted on the board all day.
Scott-ST Moderator: what do you mean heads up??
Scott-ST Moderator: it;s been on the board all day
Scott-ST Moderator: C'MON Marcus [img id=em-0]
marcusid Right. Is the record on type A & C's about the same as B's?
marcusid by that I mean, winning %
Scott-ST Moderator: for the most part
Scott-ST Moderator: B's have the better over all winning record imo
marcusid FYI: I got stopped out on Rimm at 88.65 for a about a 1.2% loss. But I was up 1% on an early am trade (long SIGM)--so I'm about even. My DIA short is up and I like it. Lets hope UTIW works out
Scott-ST Moderator: good job marcus
JP2 What time is Bernanke's speech tomorrow?
JP2 Wondering if it is worth getting up to trade tomorrow.....
Scott-ST Moderator: Watching for Type B Short at new low of the day on CWTR 13.09
Scott-ST Moderator: Watching for Type B Short at new low of the day on CWTR 13.09
Scott-ST Moderator: Watching for Type B Short at new low of the day on CWTR 13.09
Scott-ST Moderator: Watching for Type B Short at new low of the day on CWTR 13.09
Scott-ST Moderator: bah, stay in bed
Scott-ST Moderator: 10 am
Scott-ST Moderator: 10:00 AM ET : Federal Reserve Chairman Ben Bernanke speaks at the Federal Reserve Bank of Kansas City Economic Symposium at Jackson Hole, Wyo
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short CWTR 13.09
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short CWTR 13.09
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short CWTR 13.09
Scott-ST Moderator: UPDATE: Moving stop on CWTR 13.32
Scott-ST Moderator: UPDATE: Moving stop on CWTR 13.32
Scott-ST Moderator: UPDATE: Moving stop on CWTR 13.32
peterl not sure what u mean about the challenge on heads up scott.. UTIW got close about 14:05 .. but trigger price was around 14:09 .. seems to me a warning would have been possible..
Scott-ST Moderator: peter what warning would you like?
Scott-ST Moderator: it's been up on the board before the opening bell
Scott-ST Moderator: you should have set an alert or better an order and forgot about it
Scott-ST Moderator: and we discussed it in the training room during lunch
marcusid after the market, I'ld like to ask you something that is very private. Total chat time will be under 5 minutes. When you're ready.Thx
peterl Welll its going our way .
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Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CWTR
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CWTR
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CWTR
Scott-ST Moderator: those in UTIW I would suggest scaling out with profits in your favor
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Scott-ST Moderator: ga Mike
Scott-ST Moderator: DOW DOWN 45
Scott-ST Moderator: NAS UP 1.09
Scott-ST Moderator: SPX DOWN 6.06
Scott-ST Moderator: any Questions?
Scott-ST Moderator: hope you have been scaling out of UTIW with profits
Scott-ST Moderator: would hate to see anyone lose any $$ on that one
peterl Yes. A recommendation is for the day or GTC?
Scott-ST Moderator: on an exit order?
Scott-ST Moderator: i would suggest day
Scott-ST Moderator: that way if you forget about it, it wont be there the next day
peterl No, entry.. trying to get to the bottom of situations like UTIW .. its good to go until you tell us otherwise.
Scott-ST Moderator: right, but don't let it go past the closing bell
Scott-ST Moderator: we never hold over night and all our alerts a canceld before the closing bell
Scott-ST Moderator: RIMM lod, NOK lod,
peterl Basically, if a daily alert , as per chart, isnt triggred , tend I tend to think its not happening and leave it. I didnt figure its good for the whole day
Scott-ST Moderator: WOW I was expecting a Green day
Scott-ST Moderator: so use day and not GTC
Scott-ST Moderator: Markets really giving it up
Scott-ST Moderator: Let
Scott-ST Moderator: okay Gang Any Questions?
Scott-ST Moderator: CANCEL ALL ALERTS UNTIL TOMORROW