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Chat Highlights From 5/11/2011

Central Time Zone

14:37:11 MKing its a very advanced trade, need certain platforms, be very good with navigating around quickly
14:36:44 MKing ok, fizzled rebound, what you have to do is decide on these advanced trades, the really fast ones, if it doesn’t rebound you can do a smaller SHORT in case it does what this CNC just did and go down to $37.50 from 38.10
14:33:41 MKing ok, here comes that rebound
14:32:32 MKing then hit it again SHORT on a rebound
14:32:25 MKing ok, too late for that price, what I do with these is i take smaller profits, maybe COVER it here around $38,
14:31:58 MKing advanced trader setup, try for 38.75 some in small increments
14:31:36 MKing CNC topping
14:26:52 MKing Rumor: Centene moves up following speculation it canceled a conference
14:26:14 Brent CNC alert
14:01:25 MKing SINA SHORTable top here, try 118.80 area, stop over 119.50
13:11:55 Brent I would need to see more of a drop on YHOO before I would consider it Delhi
12:50:46 Brent that was the right stop rokh, it's very important to minimize your losses
12:49:18 Brent your stop should've been above the previous high of 25.56 or so. No reason to take this heat Jsn
12:37:28 Brent FSLR may have some support at 124.50 area, but there is not much room above. Just passed through previous support at 125.60 that may become resistance now
12:29:03 MKing good eye rusty, i passed on PNSN
12:28:00 MKing looking for a top in AH to SHORT soon
11:54:42 MKing ABX bouncing
11:49:26 MKing indexes approaching low of day again, should be another long scalp
11:28:46 MKing keep stop on TNA, tight one. try to give this one more time
11:28:24 MKing consider SELLing UCO here 48.10
11:20:15 MKing LOOK FOR stocks that were strong early and are down now, they will bounce back first and the most
11:19:50 MKing SCHN, FFIV
11:19:22 MKing VTI good Suzie
11:18:59 MKing CLR, EOG, TNA, CAT, AH, AGQ, MOS are a few on my charts now
11:18:21 MKing scan really hard right now guys for a LONG entry, go for favorite, active, high beta stocks. we all need to work hard, big drops now going on,
11:08:17 MKing even TNA, AGQ, SLV, MOS, many others as a scalp only, probably a quick one
11:07:08 MKing ok, start scanning for long ideas. the next cycle of trades should be on the LONG side
11:05:17 MKing nice trade Staz; guitarman, AH long not a bad idea for a long but if it goes to a new low, stay on sideline longer before entering
11:01:36 MKing I’d COVER it right here 25.10 area right away
11:00:59 MKing anyone SHORT AH right now?
11:00:46 MKing nice job mike, good trade on MOS scalpman
11:00:27 MKing I think there will be another trade on the long side of silver but it will be trickier to time the 2nd long. I thought the first long we started BUYing last Thursday was really obvious. the strategy now on silver is to see if AGQ goes much below $180 or $34 for SLV.
10:54:09 MKing looks like AH going down, for good
10:52:39 MKing here is the post I made premarket: 06:06:22,MKing: hey guys, this silver pulled back a lot this morning, having big swings. This isn’t really a great sign. i'd consider reducing maybe to half your current silver position in either AGQ or SLV
10:49:13 MKing I assume you all got out of your silver trades, AGQ and SLV or any options?
10:48:57 MKing I’d see if we get a spike to around 26.75 first in AH, feels like there is a little more upside in it
10:48:28 MKing there should be a decent SHORT in AH but is higher risk
10:44:15 MKing monitoring MOS for potential SHORT, 2nd helping, maybe around 70.35
10:41:25 MKing consider reducing AH here 25.40 area
10:39:01 MKing watching AH, Accretive Health for bottom
10:35:32 MKing that’s probably it for the MOS SHORT here , just touched 69.87
10:34:55 Kris watching VR for a long
10:31:18 MKing good entry scalpman, looking for 69.80 area on MOS
10:30:16 MKing try 70.40 for MOS SHORT entry
10:30:03 MKing MOS top
10:25:22 MKing watching MOS for a SHORTable top
10:24:46 MKing probably a better trade to watch YHOO for another SHORT helping than a long, always a tough stock for me to trade
10:24:02 MKing YHOO looks like bouncing
09:44:25 MKing late to post, VMW 2nd helping SHORT should have been COVERed last 2 min
09:43:19 MKing consider COVERing your 2nd SHORT here on APKT 79.92
09:30:57 MKing watching ANR for bottom
09:27:35 MKing looking for 2nd bottom in IL
09:24:15 MKing watching SINA for bottom
09:21:20 MKing VMW, 2nd helping SHORT here 93.60, stop 93.80
09:21:00 MKing APKT 2nd helping SHORT here 80.80
09:20:07 MKing good spot to COVER any remaining IL SHORT position 21.10 area now
09:12:21 MKing watching CAT for bottom, Caterpillar
09:11:05 MKing if you have any remaining SHORT in MCP, consider COVERing rest here 65.11
09:09:55 MKing don't get stuck on 21.55 target area to COVER IL SHORT, could easily drop lower
09:09:20 MKing monitoring STJ for bottom
09:08:38 MKing monitor TZOO for 2nd helping SHORT
09:08:24 MKing watching DNDN for bottom for long
09:07:25 MKing looking for 21.55 area to COVER IL if anyone SHORTed that bounce
09:06:44 MKing stop FFIV SHORT
09:06:32 MKing consider COVERing VMW SHORT, 92.85 area now
09:06:05 MKing monitoring KSS for a bottom
09:00:41 Brent next target would be 36.20 area on RVBD
09:00:20 Brent I'm not in it, but if anyone SHORTed RVBD, consider reducing
08:58:13 MKing consider COVERing APKT, try 80.60 area
08:57:54 MKing good eye on ACOM sfarill
08:57:44 Brent RVBD acting strong
08:56:47 MKing if anyone still SHORT TZOO, consider COVERing
08:54:47 MKing consider waiting for higher price in VMW before SHORTing, around 93.55 area
08:54:25 MKing VMW toppy
08:54:10 MKing APKT toppy
08:53:48 MKing consider ACOM near 41 for long, stop below
08:53:25 Kris don’t' chase it here, it's come too far down on AIG
08:53:12 Kris AIG SHORT
08:53:10 MKing consider closing NE if long
08:52:37 MKing FFIV toppy
08:52:06 Kris FCX target around 50.50 area, then will see if it can move over 50.70
08:51:13 Brent watching RVBD
08:50:55 Kris stop APC below 74.93
08:50:19 Kris APC long
08:48:50 MKing consider COVERing half or more of MCP SHORT here 66
08:46:41 Kris still watching AIG
08:46:20 Kris watching TEVA for a SHORT
08:44:58 Kris watching APC for a long support 75.30
08:44:26 MKing watch IL for SHORT, start smaller than normal, advanced traders
08:41:52 MKing watching NE for a bottom
08:40:54 Kris watching AIG for a SHORT
08:40:33 MKing if you still have silver stocks long, consider using this little rebound to SELL into
08:40:17 MKing watching MCP for SHORT
08:39:47 Kris watching TZOO for a SHORT
08:36:35 Kris long FCX
08:36:07 MKing consider SELLing IL 21.7
08:35:25 Kris watching X for a long support around 46.00
08:33:01 Kris watching FCX for a long
08:32:42 MKing watching IL for bottom
08:06:22 MKing hey guys, this silver pulled back a lot this morning, having big swings. This is not really a great sign. I’d consider reducing maybe to half your current silver position in either AGQ or SLV
14:57:14 rokh18 Take care all and thx for great calls
14:56:00 candelas Take care and thx for great calls 12 green 5 red and 1 break even. A handsome day
14:40:10 Derns CNC....thx... 1.00 on the short from 38.55 to 37.54
14:33:25 kabir thanks mking
14:33:21 kabir Lighting thanks ..Got CNC both ways..L and S :)
12:06:39 stevemld last trade on AGQ S 200.50 cover 182 thanks big-time Mitch
11:29:03 Jsn13 L at 47.75 and sold at 48.33 just now....
11:03:48 Staz Covered AH 25.01 from 25.80, thanks Mitch
11:02:26 mbear Thx for AH Mitch
10:57:27 mike long AGQ181.75 out 223.03 Thank Mitch !!!!
10:53:26 Jsn13 ok I see....I only have less than half the position actually....
10:49:42 Jsn13 i still have some in AGQ and options....
10:49:12 gecko great call Mitch
10:48:17 topdogrex tanks Mitch AH
10:47:39 apple thx for AH, MK
10:42:46 ScalpMan Great call AH...thanks Mitch..
10:36:29 truck Thank you Mitch !!!!! MOS

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