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********** Good Morning Everyone
********** Friday 31th, 2007
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wizeman gm Scott, everybody.
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Scott-ST Moderator: gm Killer
Killer gm Scott
Scott-ST Moderator: we have Bernanke's Speach today at 10:00
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Scott-ST Moderator: gm marcus
Killer Scott, what do you think about ESL above 52.77?
Killer And WIND as a gap down below 8.71?
Scott-ST Moderator: ESL looks good above 52.77
Scott-ST Moderator: we will not play anythig below 10.00 for the most part
Killer ok
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Scott-ST Moderator: gm jp
DaveL how about RIMM?
Scott-ST Moderator: small gap up but, it counts
Scott-ST Moderator: OTEX will only be a Short ONLY
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kami gm
Scott-ST Moderator: gm JQ, Amlo, kami
Scott-ST Moderator: wb anatta
anatta ty
Scott-ST Moderator: Markets will open up this morning
JQ Gm G. Scott
Scott-ST Moderator: expect some major window dressing today
JQ Did you cook a turkey?
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Drew gm all
Scott-ST Moderator: gm Drew
Scott-ST Moderator: a nice Ham JQ
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Scott-ST Moderator: gm Tony
Scott-ST Moderator: gm macias
Tony gm
JQ Did you put pineapple on it?
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Scott-ST Moderator: oh yeah
Scott-ST Moderator: remember we have Bernanke at 10:00
JQ I'm in!!!!!
JQ How did you guy's do yesterday?
Scott-ST Moderator: did okay, it was slow
Scott-ST Moderator: had 2 triggers
Scott-ST Moderator: 1.32% for the day
JQ GJ
Jen I'm glad I didn't miss much
Scott-ST Moderator: [img id=em-2]
Scott-ST Moderator: Good Morning **** . OPENING BELL . ****
Scott-ST Moderator: Good Morning **** . OPENING BELL . ****
Scott-ST Moderator: Good Morning **** . OPENING BELL . ****
JP DRYS?
JQ There Catwoman...Where have you Been?
Scott-ST Moderator: will add JP ty
Jen consulting job in southern CA
JQ GJ
marcusid whispers to you I lost 1.2% in RIMM. You cancelled the trade. Was I wrong to enter during lunch; or did you cancell because you wouldn't be around to monitor the stops and exit? Just want to know for future reference
Jen what the heck is with OTEX?
Scott-ST Moderator: Watching for Type B Buy at new high of the day on OVTI 21.91
Scott-ST Moderator: Watching for Type B Buy at new high of the day on OVTI 21.91
Scott-ST Moderator: Watching for Type B Buy at new high of the day on OVTI 21.91
marcusid whispers to you Also in another posiition you wrote scale out. The before it hit the target. It got to .9%. I didn't "scale out". The stock dropped back to my stop at exit.
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Scott-ST Moderator: as I said yesterday marcusid, I canceled all type B alerts because it was lunch and RIMM was one of them
Scott-ST Moderator: I even suggested that you avoid RIMM during lunch
marcusid My question is: if you say scale out are you reccomending taking profits BEFORE a 1% gain (I know that is always an option). I'm merely asking you to tell me what you mean by scale out if be are before target..
marcusid So entering RIMM during lunch was a "mistake" ie more lilely to fail as a trade?
Scott-ST Moderator: CANCEL OVTI LONG FOR NOW
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Jen I'm thinking that a good question for lunch marcus so Scotty doesn't miss any alerts
Jen and yes, when he says scale out, that could be before 1% or after for those who hang in for more profits
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Scott-ST Moderator: wb drew
Drew ty
Jen OTEX LOD?
Jen bummer, no shares available on my end
Scott-ST Moderator: not a good date
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Scott-ST Moderator: not a good stop
Scott-ST Moderator: gm nick
JQ new highs... new lows... all listed
nick gm
Scott-ST Moderator: keeping my eye on SIGM for a short
Scott-ST Moderator: Letting it setup
JQ which eye?
Scott-ST Moderator: the cat eye
JQ lol
Scott-ST Moderator: now we have the setup Jen
Scott-ST Moderator: Watching for Type B Short at new low of the day on OTEX 24.59
Scott-ST Moderator: Watching for Type B Short at new low of the day on OTEX 24.59
Scott-ST Moderator: Watching for Type B Short at new low of the day on OTEX 24.59
JQ uncle Ben talks in 15 min.?
Scott-ST Moderator: yep
JQ No wonder Calebo is still in bed!!
Scott-ST Moderator: lol
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ddj gm all
JQ GM
Scott-ST Moderator: ESL giving it all back
Scott-ST Moderator: DOW UP 112
Scott-ST Moderator: NAZ UP 22.66
Scott-ST Moderator: SPX UP 15.11
JQ Or he may be back up on Brokeback mtn. looking for a place?
Killer Scott, do you keep track of your profit factor?
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short OTEX 24.59
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short OTEX 24.59
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short OTEX 24.59
Scott-ST Moderator: profit factor? we track the % and the $$ of each profit
JQ NVDA?
Scott-ST Moderator: UPDATE: Moving stop on OTEX 24.95
Scott-ST Moderator: UPDATE: Moving stop on OTEX 24.95
Scott-ST Moderator: UPDATE: Moving stop on OTEX 24.95
JP GRMN?
Scott-ST Moderator: GRMN good one to watch
Scott-ST Moderator: along with nvda
Scott-ST Moderator: thanks guys
Scott-ST Moderator: UPDATE: Moving stop to entry OTEX
Scott-ST Moderator: UPDATE: Moving stop to entry OTEX
Scott-ST Moderator: UPDATE: Moving stop to entry OTEX
Scott-ST Moderator: we will risk nothing just be fore THE speach
Scott-ST Moderator: it's a tight stop
Scott-ST Moderator: so play it with your comfort level of trading
Scott-ST Moderator: NVDA's stop would be a bit dight
Killer OTEX flew right through my stop limit order :(
Killer didn't get into that one
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Scott-ST Moderator: wb marcias
Scott-ST Moderator: Watching for Type B Buy at new high of the day on NVDA 50.01
Scott-ST Moderator: Watching for Type B Buy at new high of the day on NVDA 50.01
Scott-ST Moderator: Watching for Type B Buy at new high of the day on NVDA 50.01
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Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in OTEX
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in OTEX
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in OTEX
Scott-ST Moderator: [img id=em-10]
Scott-ST Moderator: Markets Reacting
Scott-ST Moderator: lots of volume
Scott-ST Moderator: NVDA CLOSE
JQ Hit It!!!
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy NVDA 50.01
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy NVDA 50.01
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy NVDA 50.01
Scott-ST Moderator: Watching for Type B Buy at new high of the day on NVDA 49.42
Scott-ST Moderator: Watching for Type B Buy at new high of the day on NVDA 49.42
Scott-ST Moderator: Watching for Type B Buy at new high of the day on NVDA 49.42
Killer ?
Scott-ST Moderator: We will keep this stop tight
Scott-ST Moderator: UPDATE: Moving stop on NVDA 49.42
Scott-ST Moderator: UPDATE: Moving stop on NVDA 49.42
Scott-ST Moderator: UPDATE: Moving stop on NVDA 49.42
Scott-ST Moderator: ty Killer
Scott-ST Moderator: ignor the buy NVDA AT 49.42 ALERT
Scott-ST Moderator: should have been the stop alert
Scott-ST Moderator: PT=1
Scott-ST Moderator: should say something about NVDA markets falling and NVDA is running up
Scott-ST Moderator: Watching for Type B Short at new low of the day on CBSS 64.72
Scott-ST Moderator: Watching for Type B Short at new low of the day on CBSS 64.72
Scott-ST Moderator: Watching for Type B Short at new low of the day on CBSS 64.72
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short CBSS 64.72
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short CBSS 64.72
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short CBSS 64.72
Killer stop?
Scott-ST Moderator: UPDATE: Moving stop on CBSS 64.51
Scott-ST Moderator: UPDATE: Moving stop on CBSS 64.51
Scott-ST Moderator: UPDATE: Moving stop on CBSS 64.51
Killer ?
Killer ??
Scott-ST Moderator: UPDATE: Moving stop on CBSS 65.51
Scott-ST Moderator: UPDATE: Moving stop on CBSS 65.51
Scott-ST Moderator: UPDATE: Moving stop on CBSS 65.51
Scott-ST Moderator: DOW UP 75
Scott-ST Moderator: NAZ UP 18.37
Scott-ST Moderator: SPX UP 11.05
Scott-ST Moderator: PT=2
Scott-ST Moderator: am not doing so well today huh JQ? [img id=em-2]
Tony what is PT?
Scott-ST Moderator: UPDATE: Moving stop on NVDA 76.49
Scott-ST Moderator: UPDATE: Moving stop on NVDA 76.49
Scott-ST Moderator: UPDATE: Moving stop on NVDA 76.49
Scott-ST Moderator: OMG
Scott-ST Moderator: UPDATE: Moving stop on NVDA 49..49
Scott-ST Moderator: UPDATE: Moving stop on NVDA 49..49
Scott-ST Moderator: UPDATE: Moving stop on NVDA 49..49
JP lol
Scott-ST Moderator: well at least I beat Killer to the ? marks
Killer :)
Scott-ST Moderator: [img id=em-5]
Scott-ST Moderator: [img id=em-3]
Scott-ST Moderator: [img id=em-14]
Scott-ST Moderator Hi
Scott-ST Moderator Drumroll
Scott-ST Moderator Yahoo!
Scott-ST Moderator No Way!
Scott-ST Moderator: can you hear those?
JQ Chipmonks?
JP I didn't hear anything.
Killer nope
Scott-ST Moderator: JQ are those the Monks in Vegas that count all the chips?
Scott-ST Moderator: okay, wasn't sure
JQ SIGM
Scott-ST Moderator: wants to close that gap
Scott-ST Moderator: wow no direct coverage of Bernanke
Scott-ST Moderator: am glad [img id=em-10]
Scott-ST Moderator: I figured that they would have had his speach on TV for the next hour
Scott-ST Moderator: Mr. Monotone would have not been good for TV
Scott-ST Moderator: UPDATE: Moving stop to entry NVDA
Scott-ST Moderator: UPDATE: Moving stop to entry NVDA
Scott-ST Moderator: UPDATE: Moving stop to entry NVDA
Scott-ST Moderator: Let's Just RISK Nothing on this one!!!
Scott-ST Moderator: know what I mean, *Wink Wink* [img id=em-8]
JQ $$$$????
Scott-ST Moderator: 50.51
Scott-ST Moderator: but you should consider scaling out with come profits in your favor
Scott-ST Moderator: see how that round number is hard to get over
Scott-ST Moderator: take some of those profits at 50.49
JP Scott, opinions on DRYS at HOD?
Scott-ST Moderator: I think it will take out the HOD, but right now the stop would be very lose
Scott-ST Moderator: loose
JQ lol
Killer Scott, still same stop on CBSS?
Scott-ST Moderator: right now, yes
Scott-ST Moderator: if you are loooking for a tighter stop you can take 64.95
Scott-ST Moderator: UPDATE: Moving stop on NVDA 50.24 in the money
Scott-ST Moderator: UPDATE: Moving stop on NVDA 50.24 in the money
Scott-ST Moderator: UPDATE: Moving stop on NVDA 50.24 in the money
Scott-ST Moderator: Lock in those Profits Gang
JQ ya da man!!!
Scott-ST Moderator: [img id=em-10]
Scott-ST Moderator: no no no, you da man
Scott-ST Moderator: I have 3 PT's [img id=em-11]
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DaveL how about RIMM at HOD?
JQ LOL
bigb yo what up
Scott-ST Moderator: hey Big
bigb did you guys enjoy the great speech.....so exciting
Scott-ST Moderator: too close to lunch Dave
bigb got me all pumped up to come trade
JQ Used up all your Get OUt of PT's for Free!!!!
Scott-ST Moderator: lol big
Scott-ST Moderator: I did did
Scott-ST Moderator: didnt I JQ
DaveL if it were not so close to lunch?
JQ LOL
Scott-ST Moderator: could work out Dave, I would look for just a bit more consolidation
Scott-ST Moderator: everyone gong to have fun this long weekend??
JQ Gj G. Scott when you said take profit's got out at .49....TY!!!
Killer looking forward to the long weekend - need to sleep in (yawn)
Scott-ST Moderator: any big plans?
Scott-ST Moderator: lol Killer
Scott-ST Moderator: good job JQ!!
Killer we have a 3 month old - need to catch up on sleep :)
Scott-ST Moderator: lol, know that feeling Killer
Scott-ST Moderator: glad those days are behind me
Killer when is BUsh speaking?
JQ Killer are you sure the 3 mo. old agrees with your PLAN?
Killer 11?
Scott-ST Moderator: didn't know he was
bigb ya i think so killer
Killer JQ - she actually does.. she sleeps 8-12 hrs a night. but that's usually when we get to do chores/business stuff
bigb 11
JQ Good Baby!!!!!!
Killer she is amazing! :o))))))))))))))))
Scott-ST Moderator: 1st Killer?
Killer yep
Scott-ST Moderator: Congrats!!
Killer thanks!
marcusid FYI: I took my profits on NVDA at 50.45. I missed the profit on OTEX. I used a stop limit. My stop was 24.49 with a 1 cent spread. Should I have used a limit? Market? I called the trade desk and they said it traded rigth through the stop limit. Until today, I almost always used market orders--but due to the size of the trade (# of shares) I've gotten bad fills on both entry & exits. But now it appears that a bad fill is better than no fill at all. Appreciate everyone's input
JQ Enjoy they grow up to teenagers way to FAST!!!
Killer marcus, OTEDX traded through my stop limit as well (24.59 stop, 24.54 limit)
marcusid Misery loves company
Killer JQ - thanks! not ready for a teenager quite yet.. not even ready for her to be a toddler yet
Scott-ST Moderator: marcus, you need to do what is best for your trade, the only thing I can suggest is to use a Limit order on your proft stops
marcusid agreed!
Killer marcus, personally I use stop limits to enter a position because if it blows right through my limit, I'm probably too late to the party anyway...
JQ http://www.youtube.com/watch?v=f38Ne96R3iE
JQ For you Killer!!!
Killer JQ, that one's awesome
Scott-ST Moderator: great tune JQ
marcusid Lets look at the case of OTEX, would a limit order at 24.59 (vs. a stop limit with a 1-4 cent spread) even have less of a chance of being filled because it was all or nothing? Note: I don't use FOK, so I was surpised that I didn't even get a partial fill?
wizeman Thanks Scott. Gotta take off. Good calls. See you guys Monday.
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Scott-ST Moderator: marcus, you will just have to experiment with your the amout of shares you are trading
Scott-ST Moderator: good job wizeman, take care
Scott-ST Moderator: NVDA is so damn close [img id=em-9]
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NVDA
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NVDA
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NVDA
JQ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Scott-ST Moderator: CANCEL ALL ALERTS UNTIL TUESDAY MORNING [img id=em-10]
Scott-ST Moderator: CBSS is still in play
Scott-ST Moderator: and moving down with its trend
JQ ty....aon!!!!!!!!!!!
Scott-ST Moderator: ?? aon?
Scott-ST Moderator: I am going to take off for about an hour or so
Scott-ST Moderator: I will be back here in a bit
Scott-ST Moderator: the stop for CBSS is still the same
JQ former trader....aon...LOL
JP Bush about to start talking....time for the markets to take a dive.
Scott-ST Moderator: for those that are taking off for the long weekend HAVE A GOOD ONE HAVE A SAFE ONE
Scott-ST Moderator: bbl
bigb later scott
JQ brh
Killer Thanks Scott
Killer same to you
Killer bye all
Killer have a great weekend
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bigb 11:10 bush
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JQ laters
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Drew anyone else still in CBSS...never seen a stock move this slow.
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marcusid I keep losing connectivity with this site
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marcusid I covered CBSS at 64.57. I hope that anybody still in the position makes money. I wish you all a great long week-end. I'll be back Tuesday. I think September will present a lot of great trading opportunities. This summer was long, hot and no fun for me as a trader. Looking forward to September. Adios
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marcusid Scott: I tried to wish you a great week-end but kept losing connectivity with the site. So I decided to check once gain--you appear to be online. Have a great one! See you Tuesday. Can't wait for the summer to end. September will be more fun and, hopefully, profitable. I sold CBSS at 64.57 for a .3% proft. Just luck. Regards, Marcus
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bigb just came into say what a close!
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