**********************************************************
********** Good Morning Everyone
********** Friday October 12th, 2007
**********
******************************************************************
Jen oh, sorry
JQ NP wonderwoman!!!
Scott-ST Moderator: latte, scone so I forgot a T and an E
Jen oh, I feel so powerful! Must be my fancy gold bracelets!
Jen but a T and E can make all the differenCE!
Scott-ST Moderator: and your laso
Scott-ST Moderator: lasso
Scott-ST Moderator: [img id=em-0] okay Gang I am going Back to bed
JQ She call swingtrade a mean LASSO!!!
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: CANCEL LNCR
kami has entered DayTrading Chat
kami gm
Scott-ST Moderator: GM KAMI
Jen are you shorting BIDU Anatta?
anatta I did premkt and just missed it here.
Scott-ST Moderator: Watching for Type B Buy at new high of the day on GIGM 21.11
Scott-ST Moderator: Watching for Type B Buy at new high of the day on GIGM 21.11
Scott-ST Moderator: Watching for Type B Buy at new high of the day on GIGM 21.11
limey MLNM at HOD !
Cale are you in limey?
Cale ouch
limey no not yet
Scott-ST Moderator: Markets are not looking very strong this morning
Cale ouch BIDU
limey CWTR
Scott-ST Moderator: Watching for Type B Short at new low of the day on LNCR 34.05
Scott-ST Moderator: Watching for Type B Short at new low of the day on LNCR 34.05
Scott-ST Moderator: Watching for Type B Short at new low of the day on LNCR 34.05
Scott-ST Moderator: this has a very tight Stop Gang
Scott-ST Moderator: so trade accordingly
Jen GIGM
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy GIGM 21.11
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy GIGM 21.11
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy GIGM 21.11
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short LNCR 34.05
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short LNCR 34.05
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short LNCR 34.05
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short LNCR 34.05
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in GIGM
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in GIGM
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in GIGM
Cale taking only 1/2 this time
limey got in early
Scott-ST Moderator: UPDATE: Moving stop on LNCR 34.31
Scott-ST Moderator: UPDATE: Moving stop on LNCR 34.31
Scott-ST Moderator: UPDATE: Moving stop on LNCR 34.31
Cale GO BABY GO
Scott-ST Moderator: good trade limey
Scott-ST Moderator: good trade Cale
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CHA 87.76
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CHA 87.76
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CHA 87.76
Jen I chickened out at .40
Jen crap!
Cale remember yesterday when the Merkts were running up
Cale there is no Resistance for this one
Cale to the Moon Alice
Jen grrrrr
Scott-ST Moderator: what move was that from?
Cale hmmm, we need JB back to ask him...
Jen Honeymooners
limey Out at 58 wish I had bought more than 2K
Scott-ST Moderator: wow, Jen, how old are you?
Scott-ST Moderator: gt limey
Jen old enough to know the answer to your questions!
JQ LOL
limey Cale put in new HOD alert it ran 3 times yesterday
Cale will do
Cale my 2nd have is at b/e
Cale should have been at 1%, oh well, that's Day Trading.....
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy CHA 87.76
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy CHA 87.76
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy CHA 87.76
nick has entered DayTrading Chat
Cale okay out on GIGM, bummer
Scott-ST Moderator: gm Nick
nick gm
Scott-ST Moderator: stil have profit right?
Scott-ST Moderator: so it was a good Trade
Cale yeppers
Scott-ST Moderator: and you traded your plan as you planed your trade
Cale yep
Jen and planing your trade is like shaving off profit?
limey I always get out of runners if they pull back .5% then I would get back in if it retakes the HOD on vol
Scott-ST Moderator: UPDATE: Moving stop on CHA 86.35
Scott-ST Moderator: UPDATE: Moving stop on CHA 86.35
Scott-ST Moderator: UPDATE: Moving stop on CHA 86.35
limey But on this GIGM 3% was being a pig!
limey SWY
Scott-ST Moderator: Watching for Type B Short at new low of the day on ATI 93.80
Scott-ST Moderator: Watching for Type B Short at new low of the day on ATI 93.80
Scott-ST Moderator: Watching for Type B Short at new low of the day on ATI 93.80
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short ATI 93.80
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short ATI 93.80
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short ATI 93.80
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short ATI 93.80
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short ATI 93.80
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short ATI 93.80
Scott-ST Moderator: TEST
JQ 1 2 3
Scott-ST Moderator: UPDATE: Moving stop on ATI 95.21
Scott-ST Moderator: UPDATE: Moving stop on ATI 95.21
Scott-ST Moderator: UPDATE: Moving stop on ATI 95.21
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ATI
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ATI
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ATI
anatta loved it
Jen awesome call Scotty
Scott-ST Moderator: [img id=em-10] GOOD Job anatta
wizeman sweet
Cale still holding it
Cale all 100%
Cale was not the best fill, but that was my bad
Cale wow, Al Gore wins Nobel Peace Prize
Jen Scotty, 5 min s&p chart, look overbought?
limey GOP leaders never do any thing for mankind after office Bush will kick back as a Director of Caryle and get drunk !
Scott-ST Moderator: Yes, Jen but it does have room to move up higher
doowop has entered DayTrading Chat
Jen ok thxs
Scott-ST Moderator: as a reminder we will only be tradng the Morning Session today
Scott-ST Moderator: and I will be tightening up the stops as we move into deeper profits
Scott-ST Moderator: DONT Want to give up anything today
Scott-ST Moderator: UPDATE: Moving stop to entry LNCR
Scott-ST Moderator: UPDATE: Moving stop to entry LNCR
Scott-ST Moderator: UPDATE: Moving stop to entry LNCR
Scott-ST Moderator: UPDATE: Moving stop to entry CHA
Scott-ST Moderator: UPDATE: Moving stop to entry CHA
Scott-ST Moderator: UPDATE: Moving stop to entry CHA
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CHA
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CHA
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CHA
Cale DAMN WHOS MY FRIDAY DADDY?????
wizeman THAT was a tricky one. Lower volume/wide spreads gc Scotty
Jen and our sugar daddy!
Scott-ST Moderator: GOOD Job Gang
Cale only got a part fill the 1st round but got the rest just now
Cale ty Scotty Scott
Scott-ST Moderator: Spread wasn't too bad
Cale I dont know, 22 cents seems high
chuck150 has logged out
Scott-ST Moderator: have to remember its an 86+ stock also
Scott-ST Moderator: so even 40 cents is only .05% SPREAD
Scott-ST Moderator: so 20 cent spread is under 0.02%
Cale but Should the Spread be less then .01%
Scott-ST Moderator: nope, but you don
Scott-ST Moderator: don't want the spread much over .025%
Scott-ST Moderator: DOW UP 48
Scott-ST Moderator: NAZ UP 22.87
Scott-ST Moderator: SPX UP 6
Scott-ST Moderator: okay Limey, there's your 2% again today, how are we doing?
Jen so when LNCR hits and we're at 4%, do get two days worth of credt?
Jen oh no, I'm starting to type like you!
Scott-ST Moderator: well, limey said he was looking for an avg of 2% daily
Scott-ST Moderator: [img id=em-11]
Jen right, so you basically have a credit for any future day that you don't hit 2%
Killer damn ISE has been doen for like 15 min
Killer down
Scott-ST Moderator: Well we only had 1% on Monday
Scott-ST Moderator: and only .5% yesterday
Scott-ST Moderator: so the 3% on Wed will level out the 1% on monday
Killer Is anyone else here trading options?
Jen has logged out
Cale can you teach me?
Killer me?
Jen has entered DayTrading Chat
Cale sure
Cale I have been wanting to learn for a while
Scott-ST Moderator: wb Jen
Jen thxs. Cat sat on my laptop
Killer I doubt I'd be a good teacher. Just recently started myself.
Cale ah
Scott-ST Moderator: consider scaling out of LEND wiht profits in your favor gang
Killer LNCR?
wizeman Killer and Cale...I have been trading options for years. I could teach you both to lose a TON of money if you traded like me
Killer Thanks wizeman! That's something I already know how to do. :)
Killer damn.. can you believe the ISE is still down.. can;t get my orders executed!
Cale lol, so it really should be "notsowizeman"
wizeman LOL Losing $ is not hard is it. The hardest thing to trade options is remembering the "time value". You can buy a strike price of say 100 dollars at 5 dollars per option. 2 weeks later if the stock went to 95 but is now at say 102, your option might still be worth a good deal less because the MM is looking at the time factor and the fact the stock went down and that the moon is in the seventh sign and Jupiter is aligned with Mars. Thus, your option is worth less even though the stock price has risen...ponderous.
Scott-ST Moderator: LOL wizeman
Jen hehehe, I never understood options
Cale I need the option for dummys book
Jen me too
JQ Laters gang Have Great weekend
Scott-ST Moderator: Take Care JQ, you too
JQ Gj AS ALWAYS G> SCOTT!!!!!
Scott-ST Moderator: [img id=em-5]
Scott-ST Moderator: ty JQ
Cale so we missed target on LNCR just buy 2 pennys
JQ WTF? LMAO!!
JQ has logged out
Cale JP did you see they are filming Indiana Jones and the Kindome of the Crystal Skull?
JP Yeah. I hope it turns out really well.
JP and that Harrison Ford doesn't break a hip.
Jen Allie McBeal will nurse him back to health
Cale LOL, was thinking the same thing, is Sean Connery going to be in it with a wheele chair?
Cale why Allie Mcbeal?
JP Is Connery in it?
Cale I don't think he is
Jen that's Harrison's real life girl friend, Calista Flockhart
Cale really??
Jen oh yeah
JP I know the Transformers kid is playing Indy's son in the new movie.
Cale I thought he was married
Jen clearly you don't watch Access Hollywood
Scott-ST Moderator: Cale, where have you been?
Cale nope, just cnbc and charts, all i know how to watch
Jen buried under a snowdrift when that happened I guess
Cale LOL
Jen you're probably starting to get snow already aren't you Cale?
Cale up in the Hills but not down where I am yet
Cale but the day is young
Scott-ST Moderator: okay Gang Keep your eye on LNCR consider scaling out with Profits
Allende has left the room
Allende has entered DayTrading Chat
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS UNTIL MONDAY MORNING
Scott-ST Moderator: TYPE A ALERTS WILL STAY IN EFFECT THROUGHT OUT THE DAY
Cale Killer
Cale you still watching ISE, I dont see it moving at all today