**********************************************************
********** Good Morning Everyone
********** Wednesday September 12th, 2007
**********
********************************************************************

*
Jen AMGN looks like it could be juicy
Scott-ST Moderator: our Swing Trade ZRAN Triggered, you all should have received that email
JQ ty G. Scott
Killer is anyone having the same problem with ACOR?
Dave FOSL is off to the races
Jen hope someone joined me on AMGN
Cale saw that one too Jen
JQ missed it
Cale just not sure the baby gap up will hold
JQ I have a stop watch on FOSL
JQ PLCE
wizeman BIDU at all time high
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short PLCE 25.71
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short PLCE 25.71
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short PLCE 25.71
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short PLCE 25.71
Jen JOSB at HOD could be interesting. Not a valid type b
ddj has logged out
JQ had
anatta VIP
Scott-ST Moderator: VIP is extended right now, need some consolidation
anatta ty
JQ Good EYE!!!
Scott-ST Moderator: Markets are moving up but with very little conviction
JQ Ok...Placing a call to Jack Bower on PLCE!!!
ddj has entered DayTrading Chat
Scott-ST Moderator: wb ddj
JQ Tell the Kids to hit the DIRT!!!
ddj Ty Scott. Had to reboot.
Cale lol
Killer stopped out
Cale KYPH HOD also
JQ Damnit
Ricky Stopped
Scott-ST Moderator: and JNPR
Killer PLCE stopped out
Scott-ST Moderator: STOPPED Consider exit in PLCE
Scott-ST Moderator: STOPPED Consider exit in PLCE
Scott-ST Moderator: STOPPED Consider exit in PLCE
JQ Never send a BOY to do a man's job!!!
Dave how about FOSL?
Scott-ST Moderator: [img id=em-2]
Scott-ST Moderator: a little extended right now
JQ markets took us right out of that trade!!!
anatta Sh the Qs?
Scott-ST Moderator: [img id=em-11] damn markets
Scott-ST Moderator: Q'S are setting up a LONG, but I will hold off right now
anatta ok
Ricky Scott, the A's have very thin volumes.
Scott-ST Moderator: the 90 day avg for each is over 400K
Scott-ST Moderator: but you need to trade at your comfort level
JQ Jen are you still in AMGN?
Jen no, bailed out even
Jen not trusting anything, market hitting resistance on the daily
Jen have alot to do today, see you all tomorrow
Cale Later Jen
Jen has logged out
JQ laters t c
JQ Bat Phone went OFF
Cale lol
JQ you have to hate that
JQ How are the futures Calebo?
Cale Erin, not looing good with those big bags under her eyes
Cale doing well right now, am short
Killer CCBL close
Cale oops, am in CCBL early
Killer that could be either very good or very bad :)
Cale lol
Cale am hoping for the very good
Cale but...
Killer I have a question.. why did we get into OPNT the other day? It's a microcap with very small volume...
Scott-ST Moderator: Watching for Type B Buy at new high of the day on OMCL 26.91
Scott-ST Moderator: Watching for Type B Buy at new high of the day on OMCL 26.91
Scott-ST Moderator: Watching for Type B Buy at new high of the day on OMCL 26.91
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short CCBL 10.14
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short CCBL 10.14
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short CCBL 10.14
Cale OKAY COOL, now you all can joing me :)
JQ It's a party!!!
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short INSP 12.85
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short INSP 12.85
Scott-ST Moderator: TYPE A Trade (Breakdown). Consider Short INSP 12.85
JQ Jen on CNBC
JQ WAS
Killer ?
JP LOL JQ
JQ Damn markets working against us
JP WYNN at new highs today
Cale DOH, MISSED HER
Scott-ST Moderator: WYNN looks strong
JQ I can ONLY say W O W!!!!
wizeman XMSR and SIRI up 4%
limey Any one else in the ACH short
JQ Cramer Pumping!!
JP Nice trade limey!
Cale couldn't get any Shares to short
Cale lucky Limey
JQ Calebo i noticed the bags under Erin's eyes...Creamer wearing her out!!!
JQ As in puting up with him
Cale bah, not cramer
Cale lol
Dave CCBL close to another stop-out
Killer who is this Erin that you guys keep mentioning?
JP CNBC anchor they are cyber stalking.
Cale talking head on CNBC
Killer aaaahh.. I see
Scott-ST Moderator: Q's still shoing a long but am waiting...
JQ LOL
JQ I cant trade unless I have the talking heads on!!!
JQ or youtube
JQ or liveleak
Cale lol
Scott-ST Moderator: those in INSP consider moving your stop to break even
Killer I usually also have it on.. but right now I;m listening to the Sleep Sheep (ocean waves) http://www.amazon.com/Cloud-Sleep-Sheep-Soothing-Sounds/dp/B000GKWA66
Scott-ST Moderator: as a type A we will not issue a change in stop because they are set in stone
JQ GJ Daddy
Dave FOSL ready yet?
Killer Daddy? :)
Cale LOL Killer
Killer Scott, what about CCBL? Do you think we should cut our losses now?
Scott-ST Moderator: yes Dave FOSL is a valid LONG at HOD
Dave thanks
TraderChic has logged out
Scott-ST Moderator: I will be waiting just a bit to see how it does on its way to the HOD before issuing an Alert
Scott-ST Moderator: Oil News is out
Scott-ST Moderator: see how the markets react
JQ Killer G. Scott would say he stands by all trades...If you don't like the trade get out!
Killer circumstances change.. as with INSP.. hence Scott's suggestion re: moving stop to entry
JQ cool
Scott-ST Moderator: Killer, to answer your question about CCBL I would say to hold that one
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy OMCL 26.91
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy OMCL 26.91
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy OMCL 26.91
Scott-ST Moderator: UPDATE: Moving stop on OMCL 26.55
Scott-ST Moderator: UPDATE: Moving stop on OMCL 26.55
Scott-ST Moderator: UPDATE: Moving stop on OMCL 26.55
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in OMCL
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in OMCL
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in OMCL
Ricky ty
Scott-ST Moderator: [img id=em-10]
Cale TY
JQ GJ
Scott-ST Moderator: good job RIcky
JQ painless
Cale yep, that one was easy
Cale never took any heat
JQ Calebo see what you can do with CCBL!!!
Ricky Scott, i usually track with you one for one, but i've make a concious decision to stay out of some these low priced trades. Lot's of slippage getting in, and it's okay if they go to profit, but lots of slippage if stopped out.
Scott-ST Moderator: I understand Ricky
Scott-ST Moderator: and that's good that you are trading to your comfort level
wizeman Gotta run guys. Have a great day. Scott, XMSR for a swing?
Scott-ST Moderator: if you don't like the trade, the next best thing to note is the setup
wizeman has left the room
Scott-ST Moderator: later wize
Scott-ST Moderator: you can apply the setup to just about any stock at any price
JQ Famous saying Ricky: Plan your Trades ...Trade your Plan!!!
Scott-ST Moderator: but as far as the slippage, you have the ability to make up for that on an profit exit for the most part
Scott-ST Moderator: Markets are in the Green Now
bigb has entered DayTrading Chat
JQ Wooly Bullies
Cale LOL
JQ there is VIP...BigB!!
JQ gm
Scott-ST Moderator: hey Big
JQ markets killing us
bigb hey guys
Cale hey BIG
Scott-ST Moderator: okay Gang I need to step a way for about 30 Min during lunch
Scott-ST Moderator: keep your eye on the INSP and CCBL Stops as well as the Trigger for ACOR
Scott-ST Moderator: Any Quesitons before I take off?
Scott-ST Moderator: again it will not be long at all
JQ brh
Scott-ST Moderator: nice, thanks JQ
Cale me too, I will be here, oh wait, I have to head out ...
Cale sorry but will be back sometime
DaveL has entered DayTrading Chat
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS UNTIL AFTER LUNCH
Scott-ST Moderator: Be back in a bit
kami has logged out
Killer CCBL stopped out
JP Lots of stuff breaking out....RIMM, JNPR, WYNN
JQ don't stand a chance with shorts with market action!
Ricky has logged out
Killer well, this is one crappy day so far..
Scott-ST Moderator: STOPPED Consider exit in CCBL
Scott-ST Moderator: STOPPED Consider exit in CCBL
Scott-ST Moderator: STOPPED Consider exit in CCBL
JQ wb
Scott-ST Moderator: TY
Scott-ST Moderator: Watching for possible Type C Buy on FTEK 23.26
Scott-ST Moderator: Watching for possible Type C Buy on FTEK 23.26
Scott-ST Moderator: Watching for possible Type C Buy on FTEK 23.26
Scott-ST Moderator: JNPR ON A RUN
DaveL heads up FOSL
Scott-ST Moderator: yep
JP Hopefully it just consolodates until lunch ends.
Scott-ST Moderator: nice setup at HOD
Scott-ST Moderator: yep
DaveL when is that? 1PM?
JP 1 to 1:30 depending on market conditions.
JP AMZN setting up for a breakout this afternoon
rayray has entered DayTrading Chat
Scott-ST Moderator: ga rayray
Scott-ST Moderator: Markets giving up some gains here during lunch
Scott-ST Moderator: DOW UP 10
Scott-ST Moderator: NAZ UP 7.72
Scott-ST Moderator: SPX UP 2.04
JQ need to ran little white ball is calling c u laters
JQ has logged out
Scott-ST Moderator: later JQ
anatta has logged out
bigb little white ball?
Drew golf
bigb ah ok.....was getting a little scared there for a second
Scott-ST Moderator: lol
Scott-ST Moderator: Watching for Type B Buy at new high of the day on FOSL 37.71
Scott-ST Moderator: Watching for Type B Buy at new high of the day on FOSL 37.71
Scott-ST Moderator: Watching for Type B Buy at new high of the day on FOSL 37.71
Drew im guessing golf but interpretation is open.
Cale no, if it was Golf, he would have said "off to go smack whitey"
bigb well lets just hope your right
Drew lol
bigb lol
bigb cale your one crazy mofo
Tony has entered DayTrading Chat
Scott-ST Moderator: wb Tony
Cale LOL
Tony thx
Scott-ST Moderator: markets are moving into the red
Scott-ST Moderator: DOW DOWN 119
Scott-ST Moderator: NAZ UP 0.91
Scott-ST Moderator: SPX DOWN 0.65
bigb go insp
Scott-ST Moderator: Watching for possible Type C Short on FTO 42.38
Scott-ST Moderator: Watching for possible Type C Short on FTO 42.38
Scott-ST Moderator: Watching for possible Type C Short on FTO 42.38
Scott-ST Moderator: TYPE C Trade (Top). Consider Short FTO 42.38
Scott-ST Moderator: TYPE C Trade (Top). Consider Short FTO 42.38
Scott-ST Moderator: TYPE C Trade (Top). Consider Short FTO 42.38
Scott-ST Moderator: UPDATE: Moving stop to entry FTO 42.76
Scott-ST Moderator: UPDATE: Moving stop to entry FTO 42.76
Scott-ST Moderator: UPDATE: Moving stop to entry FTO 42.76
Killer entry or 42.76?
Scott-ST Moderator: UPDATE: Moving stop on FTO 42.76
Scott-ST Moderator: UPDATE: Moving stop on FTO 42.76
Scott-ST Moderator: UPDATE: Moving stop on FTO 42.76
Scott-ST Moderator: ty Killer
JP CELG worth a look this afternoon?
Scott-ST Moderator: always a worth taking a look at
Scott-ST Moderator: with the Markets in an oversold area I could see this one taking off
Scott-ST Moderator: the stop might be a bit tight
Scott-ST Moderator: the markets are pulling off their Highs
Scott-ST Moderator: Entry would be 69.53....
Cale is it lunch time?
Cale I is a hungry trader
JP http://www.youtube.com/watch?v=s8MDNFaGfT4
Cale LOL JP the new JQyoutuber
Cale LMAO
Cale there goes CELG
Cale I am in JP
Scott-ST Moderator: the one thing that keeps me from issuing an alert is the Daily Chart
Scott-ST Moderator: seems a bit extended
Cale understand Scotty
Cale you in JP?
Cale or am I alone?
JP Sorry, had to step away. I'm in Cale.
Cale okay Going to go get lunch, close my eyes
Scott-ST Moderator: ILMN new HOD
Scott-ST Moderator: Markets are still looking weak
Scott-ST Moderator: INSP new LOD
Scott-ST Moderator: do we have anyone in the room still in INSP??
JP Took .12 scalp on CELG....don't like the look of the markets right now.
Scott-ST Moderator: good Job JP
Scott-ST Moderator: the Markets are in a down Momentum
Scott-ST Moderator: still in an up Trend on the Hourly Chart
anatta has entered DayTrading Chat
Scott-ST Moderator: wb anatta
anatta ty
JP FWLT new highs
Killer FTO
Killer stooped out
Scott-ST Moderator: STOPPED Consider exit in FTO
Scott-ST Moderator: STOPPED Consider exit in FTO
Scott-ST Moderator: STOPPED Consider exit in FTO
Cale really dont like stocks over 80 for some reason
Scott-ST Moderator: ty Killer, just stepped away
Ricky has entered DayTrading Chat
Scott-ST Moderator: hey Ricky
Killer FTO took off
JP RIMM nearing HOD
Ricky what up"
Scott-ST Moderator: LIMN HOD
bigb markets near the hod
ddj has logged out
Scott-ST Moderator: Watching for Type B Buy at new high of the day on RIMM 86.29
Scott-ST Moderator: Watching for Type B Buy at new high of the day on RIMM 86.29
Scott-ST Moderator: Watching for Type B Buy at new high of the day on RIMM 86.29
JP 84.84 as a stop for Rimm or something tighter?
Scott-ST Moderator: was looking at 85.02
JP Cale, you still in CELG?
Cale yes sir
Cale and thank you sir
JP Glad its working out for you.
Cale glad you tossed it out
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy RIMM 86.29
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy RIMM 86.29
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy RIMM 86.29
Scott-ST Moderator: UPDATE: Moving stop on RIMM 85.02
Scott-ST Moderator: UPDATE: Moving stop on RIMM 85.02
Scott-ST Moderator: UPDATE: Moving stop on RIMM 85.02
Scott-ST Moderator: markets making Higher Highs
rayray has logged out
Cale still in CELG
Scott-ST Moderator: DOW UP 36
Scott-ST Moderator: NAZ UP 10.95
Scott-ST Moderator: SPX UP 6.40
Cale I get the feeling that everyone is expecting the rates to drop
Scott-ST Moderator: I would agree Cale
bigb if they didnt i think we would see a substantial decline
Scott-ST Moderator: yep
JP If we don't get a rate cut, we go back to the recent lows 1370 on S&P in the blink of an eye.
Scott-ST Moderator: yep and I still think that after the rate cut we will see some lower lows
Killer i just got stopped out on RImm
Killer wow
Killer what the heck was that?
JP Weird activity in a lot of stocks, RIMM, AMZN, AMGN....all bounced down about a $1. Some bad ticks there.
Killer did this happen to anyone else?
Scott-ST Moderator: markets doing the same thing
Scott-ST Moderator: gang there really is not much volume
bigb we hit a resistance level in the markets
bigb the highs of the last job report
Cale R1
bigb and r1 on es
bigb more significantly though is the highs
marcusid RIMM dropped $2.00 (not 1) on tick. What the Fu ..
JP Did you get stopped?
marcusid yes @ 85.02
Scott-ST Moderator: I didnt see that
bigb not sure what that is
bigb looks like a bad tick
Scott-ST Moderator: Marcus call your broker
Scott-ST Moderator: never got that low at all
Killer I got stopped out on RIMM as follows: stop 85.02 limit 84.89 filled 86.08
Scott-ST Moderator: Killer how is your broker?
Scott-ST Moderator: same as Marcus?
JP It wasn't just RIMM though, of the charts I'm watching I saw similar action in AMGN, AMZN and BIDU.
Killer tradestation
Scott-ST Moderator: I didnt see it in any of those JP
Cale I am using schwab and it looks clean here
bigb tradestation shows the same as jp
Scott-ST Moderator: Killer, call your broker
Scott-ST Moderator: it did not get that low
Scott-ST Moderator: I have 3 data feeds and none of them show anything close to 85.02
bigb i would definetly complain to my broker
Scott-ST Moderator: at 13:10 the bar low was 85.03
Cale I would too
Cale because thats not right, and let them know you are gong to file a complaint with the SEC
bigb i have rimm hitting 83.97......crazy
Cale at what time Big?
Cale TradeStation is all messed up
Cale Clarly
Killer it was a bad print
Scott-ST Moderator: did they fix it for you Killer?
Killer 100 shares traded at 83.70
Scott-ST Moderator: only at TradeStation
Scott-ST Moderator: no where else
Scott-ST Moderator: make sure they Fix it for you
Killer they can't fix it.. they told me how to adjust my order preferences so that a single bad tick doesn't trigger my stop loss
Scott-ST Moderator: can you pass that info onto Marcus
bigb ya esignal not showing it
Scott-ST Moderator: but they still need to fix it, because the stock never traded that low on the market
Scott-ST Moderator: and they have to follow the market
bigb fight them killer
Cale gettem, Killer
JP Stick it to da man!
JP Tell me you are not still on CELG Cale.
Scott-ST Moderator: explain that you will file a complaint with the SEC
Cale I would be so pissed
Killer calling them now
Cale where you using their routing?
bigb they will fold when you mention those magical 3 letters
Cale LOL
marcusid Scott: thanks for asking to pass the information on to me. I called the trade desk; and was told to select, under equties-triggers preferences: single trade tick WITHIN the NBBO system--to avoid bizarre ticks triggering stops. If there are any other "preferences" anybody can suggest, please let me konw.
Cale you mean B I G
bigb lol
Scott-ST Moderator: marcus, did they fix the trade for you?
Amlo I have tradestation and my stop was never hit.
marcusid No, they said nothing can be done to "fix the trade" because I had the default setting in place
Cale maybe you have you have the setting Amlo
Killer scott, do you think rimm is still a good trade?
Killer or should i just leave it at my 86.08 exit?
bigb i would go crazy if that happened to me
bigb someone got your shares for a very low price and now making a bundle off your losses
Scott-ST Moderator: well, you can explain to them that the market never saw a trade at that level and that they are manipulating the trades
Scott-ST Moderator: I do Killer but I would not chase it now
Cale me too BIG
Cale I would be all over their sh it
Cale you could say that they did it to you, just to take your money
Cale I would so be all over them for that BS
Cale use the SEC also
bigb especially! especially! since it only shows in Tradestation
bigb you have a very good case
bigb they are just hoping you will pass it off
Scott-ST Moderator: I would make them prove that their was a trade in the Market (not their system) at that level at that time
Scott-ST Moderator: very true bigb
Scott-ST Moderator: the SEC loves to attack that type of stuff
marcusid Thanks for the advise. I'll look into it.
JP has logged out
Scott-ST Moderator: I would ask to speak to someone in charge and keep going up the chain
Killer they said to look at Reuters
Killer at around 2:32:39PM
Killer to 2:32:40
Killer several trades happened at that level
Killer according to tradestation
Scott-ST Moderator: that does not mean anything
Scott-ST Moderator: need to look right at the market, have them check the NASDAQ
Killer they said this got this from NASDAQ
Scott-ST Moderator: make them prove it
Scott-ST Moderator: I would call the SEC
Killer how?
Scott-ST Moderator: okay Gang we have one hour left in the day
Scott-ST Moderator: 1st check wht the nasdaq and check what they have for trades at that time
Scott-ST Moderator: start looking for info at www.SEC.gov
marcusid Killer (and anybody else) did anybody else get a bad fill or stoped out on the bizarre tick?
bigb www.sec.gov/complaint/selectconduct.shtml
Cale http://www.sec.gov/complaint.shtml
Cale lol big
bigb beat you
mac has logged out
Scott-ST Moderator: CANCEL ALL ALERTS FOR TODAY
Killer thanks everyone
Killer will try to get to the bottom of this
Scott-ST Moderator: good luck Killer
marcusid The same thing just happened stopping me out of CFC AFTER I changed my settings! My stop at 16.72 was filled at 16.64 on a 25 cent spike!
Scott-ST Moderator: give them a call marcus
Cale ah, here goes the markets again
Cale starting to turn RED
Scott-ST Moderator: there just wasn't any conviction inthe strength movements to the upside
Cale later Gators
Scott-ST Moderator: tc Cale
Cale has left the room
Killer now RIMM stopped out
anatta only a .59c spread on the Qs today
Scott-ST Moderator: spread or range?
Ricky Didn't RIMM hit stop?
anatta range, sorry
Scott-ST Moderator: yes, sorry Ricky
Scott-ST Moderator: STOPPED Consider exit in RIMM
Scott-ST Moderator: STOPPED Consider exit in RIMM
Scott-ST Moderator: STOPPED Consider exit in RIMM
anatta looks like a double top on the Qs
Ricky Tough day Scott. Increases the chances of having a good day tomorrow.
Scott-ST Moderator: that's right Ricky
anatta That's right Scott. It's the market NOT you.
Scott-ST Moderator: lol, thanks anatta, but I think, looking back, we should have been a bit more conservitive
Scott-ST Moderator: anyone in INSP consider taking a break even exit
Tony has logged out
Scott-ST Moderator: okay Gang I will be taking off
anatta Scott, that's our choice. I just stopped trading.
Scott-ST Moderator: any Questions?
Scott-ST Moderator: good job anatta
marcusid I just spoke with supervisor at TS and discussed the same bad fill with CFC (the trade would have been profitable--he said that becasue I had an existing stop order on CFC the change in settings did not take effect. I specfically asked the guy at the trade desk if there is ANYTHING else I needed to do to make sure I don't get a bizarre tick fill again, and he said no--that setting would do it. The supervisor said it wasn't HIS duty to tell me to cancell and re-enter existing stops. I said it was negligence and I would (a) pulll my account and (b) file a complaint if they didn't make it right.
anatta I have a maximum daily loss allotment.
Scott-ST Moderator: good capital management anatta
Scott-ST Moderator: thanks for the update marcus, good luck with that one!!
Ricky has logged out
Scott-ST Moderator: okay Gang I am going to take off