Chat Highlights From 5/23/2011
Pacific Time Zone
13:01:10 Kris great job today everyone! see you back here in the morning.
13:00:27 MKing study and review your charts tonight
13:00:18 MKing later guys, see you tomorrow
12:56:30 Kris see you tomorrow mojo!
12:48:46 MKing good job baz63, just stay disciplined, steady, not over leveraged.
12:33:27 MKing since the 16th
12:33:22 MKing LFT is halted ron
12:33:14 MKing I wouldn’t short it delhi, only 27 minutes left
12:33:02 MKing set volume alerts when it resumes trading
12:32:54 MKing hey you guys, set alarms on LFT when it resumes trading. my guess is it opens down around $4-5 and tries a rebound. might not even bounce much
12:30:08 MKing good looking short on TFM junior, little late for me now
12:28:48 MKing great rokh
12:28:16 MKing you guys watching this LFT report on CNBC? accounting firm quits, CFO quits
12:23:40 Kris have a great night rokh18. see you tomorrow.
12:21:39 Kris firstname.lastname@example.org
12:08:09 Kris out all RLD
12:07:26 Kris drop in the bucket
12:06:54 Kris stop last 1/4 RLD below 31.28
12:06:41 Kris out another 1/4 RLD long
12:05:01 MKing i think shorting CBST 3rd time not as good of an idea
12:04:18 Kris stop second half RLD below 31.17
12:04:01 Kris out half RLD long
12:03:42 MKing ok, good work Ron
11:54:38 Kris 30.96
11:52:46 Kris stop RLD under 29.96
11:52:23 Kris RLD long
11:39:11 MKing ron, you should have filled another CBST short here
11:38:37 MKing 2nd short on CBST here, 37.60 area
11:29:51 MKing glad to hear rayh, CBST was a fast one, when you are late like I was, i try to get the price i want and if it doesn’t get there, i just pass on it. But most of these move around a lot and your limit orders usually get filled. It is just a tighter non-emotional way to trade these scalps
11:03:35 MKing missed the to pon CBST, worth short if goes back to 37.60
10:57:02 MKing good time to study, review charts
10:56:52 MKing this is the time of day it is very quiet, don't overtrade now. wait for something good
10:45:26 MKing anyone do that 2nd short on OPEN
10:34:57 MKing 2nd helping short on BWA
10:22:54 Kris out all BWA short
10:21:15 MKing pow, KKD looks like trending stock, real strong
10:19:39 Kris BWA at support here, if it breaks next test will be at 67.00 area
10:18:55 Kris stop last 1/4 BWA short over 67.66
10:18:37 Kris out another 1/4 BWA short
10:16:25 Kris I would pass on kkd short here. higher lows consolidating just under hod. could consider a short with a fail at hod with tight stop.
10:12:53 Kris out half BWA short, stop rest over 67.87
10:00:34 Kris stop BWA short over 68.24
10:00:15 Kris BWA short
10:00:07 Kris if you're interested in signing up for coaching sessions, just email email@example.com. they will send you all the info.
09:57:39 Kris that can be provided via TSA coaching sessions sto369x
09:57:20 MKing missed the BWA bottom to go long, now monitoring it for a short on top of this bounce, Borg Warner
09:56:36 MKing same thing with LNG
09:55:59 Kris watching BWA for a short
09:55:42 Kris yes guyflint, no problem
09:55:40 MKing i like OPEN for a short here soon. you see that first drop on OPEN from 88 to 86.40? should drop again but not as much profit potential, still looking for maybe $1 on teh 2nd helping short
09:54:56 MKing no, i don’t like the CF short jjamm
09:54:13 Kris firstname.lastname@example.org
09:54:06 Kris email me kevin5 and I can send you the strategy I use for reversals
09:53:51 Kris it depends on the strategy kevin5. We usually post trades that are reversals near S/R levels and breakouts/breakdowns of S/R
09:02:35 MKing consider closing OPEN long position
08:35:57 MKing I was referring to OPEN on last comment
08:35:46 MKing ron, I don’t have a target on trending stocks, its strong though considering SP 500 just hit low of day
08:34:03 MKing watching PERY for short, lower volume though
08:32:28 Kris no, I am out DE long jjammerp
08:10:21 MKing thanks doc
08:10:12 MKing ok jasonb, LNG here 11.83 good place to cover, it is acting real strong
08:05:03 MKing consider closing most of VHC here 21.62
08:03:00 MKing the 2nd helping short on LNG doesn’t look real good, strong stock, you might get $12 again to cover at smaller loss though
08:02:02 MKing looks like VHC bottomed jsn but really negative today, can easily reverse and go back to lows
08:01:22 MKing if you are long DG now, it doesn’t look too strong, may approach this one to sell here 33.15 area just to close
08:00:24 MKing not sure target on DG Jake, it hasn’t turned up yet
07:59:08 MKing jason, did you short LNG on the first spike over $12.65 area or did you try for a 2nd helping short on a rebound?
07:58:02 MKing wont go down like CNX or NOV did
07:57:53 MKing I was referring to CF gong to take a longer time frame to come down, still a day trade though
07:54:48 MKing watching VHC for bottom, let VHC drop more than most stocks, drops a lot steeper than most
07:54:26 MKing watching CF for longer short
07:54:16 MKing OPEN trending up
07:51:48 MKing taking 10 min break
07:50:29 MKing watching STEC for short
07:49:49 MKing bonus money on CNX short position, should cover here 48.10 area
07:49:29 MKing consider covering second short helping on SDRL here
07:48:53 MKing watching DG
07:48:38 MKing you notice we are getting smaller percentage profits today but lots of ideas? It’s like the salmon aren't big King (Chinook) salmon but lots of smaller Sockeye salmon.
07:47:08 MKing consider covering CNX here, at least most of your short
07:44:56 MKing consider closing AIG long soon
07:41:49 MKing first two hours really busy Kevin5 and galaxy, we will explain later
07:40:44 MKing try to watch for a few days galaxy, will explain later
07:40:14 MKing looking for 48.30 area to cover CNX
07:39:54 MKing looking for 66.50 area for NOV to cover
07:36:33 MKing 2nd short on SDRL
07:36:18 MKing watching CNX for short, here, topping now
07:35:56 Kris stop rest COL over 60.43
07:35:35 MKing only looking for 29.90 on AIG
07:35:34 Kris out half COL short
07:33:57 MKing watching AIG for a long entry
07:33:22 MKing consider selling WBC long here 66.75 area and watch for 2nd long entry
07:33:00 MKing NOV toppy
07:30:10 MKing OPEN should have some power, might turn into a trending stock long today
07:29:42 MKing 2nd helping short on DNDN, missed first
07:29:35 MKing watching NOV for a top to short, watch SP-500 if it spikes along with it though
07:28:04 MKing monitoring WBC
07:26:39 MKing thanks pancho
07:25:47 MKing best Monday I've seen in 10 weeks; don’t you just love trading
07:25:25 MKing 2nd helping target on LNG short should be under 11.40 area
07:24:38 MKing LNG toppy, 2nd helping short
07:23:37 MKing OPEN may bounce, negative rumor, worth small amt
07:22:20 MKing watching LNG for 12.25 area for 2nd short helping, ease into it slowly
07:21:51 MKing monitoring AEP for short, this one might be tougher to profit from, at least monitor
07:21:19 MKing consider covering HNT, 31.22 area, losing patience
07:21:08 MKing SDRL short hit target to cover here, 33.82 area
07:20:06 MKing little more downside on HNT, volume dried up
07:19:47 MKing monitor LNG for 2nd helping short soon
07:17:56 MKing target to cover LNG, Cheniere around 11.50, could cover half here 11.75
07:15:06 Kris COL short
07:15:00 MKing target to cover this short on GMCR around 78
07:14:28 MKing target to cover SDRL around 33.82 area
07:13:06 MKing GMCR toppy
07:12:57 MKing LNG toppy
07:12:18 Kris stop last GMCR long under 78.16
07:12:04 Kris out another 1/4 GMCR long
07:11:48 MKing target to cover FCX 2nd helping short is about here 47.35 area
07:11:34 MKing looking for 31.15 for HNT target to cover short
07:11:04 MKing watching ATI for quickie short, 2nd helping pattern
07:10:57 Kris only about 2 points to soon
07:10:44 Kris guess I got out too soon on LNG long
07:10:20 Kris stop rest GMCR below 77.94
07:10:03 Kris out half GMCR long
07:09:38 MKing SP-500 probably going to attempt rebound today
07:09:29 Kris yeah, please don't short it yet until I get out of my long. thanks
07:09:21 MKing monitor RRC for 2nd helping short
07:09:19 Kris lol
07:09:10 MKing don’t short GMCR yet, just hit new high
07:08:53 MKing possible 2nd helping short on FCX here 47.70 area
07:08:46 Kris long second half GMCR, looking for breakout of hod
07:08:34 MKing let CBST run up more, take more time with this one
07:08:30 Kris long second half DE, stop under 83.75
07:08:19 MKing watching CBST for short
07:07:12 MKing watching SDRL for short, soon
07:05:47 MKing watching HNT for short, toppy now
07:04:33 Kris looking for new high in FCX long. still have half position
07:04:13 MKing MAKO, Mako surgical now at 31.88
07:03:56 MKing consider covering at least half of MAKO
07:03:45 MKing watching LNG for short on top of this run
07:03:14 MKing I missed the HRB bottom to buy, now watching for short soon
07:02:38 Kris watching LNG for a short
07:02:22 Kris stop DE below 82.77
07:02:16 MKing looking for under 32 for MAKO target to cover
06:59:26 MKing looking for quick short on BTU, Peabody
06:58:01 MKing RRC reached target price to cover, now 53.60, consider covering short
06:57:46 MKing ROVI target to cover 57.60 area.
06:57:04 MKing FCX target 47.40 scalpman. don't wait for us to give target, use your own judgment, we are spending most of our time looking for stock ideas, ok?
06:56:34 Kris if you got ASIA long, look for resistance around 18.15
06:54:41 MKing consider covering MOS short around 65.65 area
06:54:11 MKing watching 53.70 for RRC target area to cover short
06:54:04 Kris out all LNG long
06:53:51 MKing looking for 57.50 to cover ROVI short
06:53:42 Kris out all SPLS long
06:53:29 MKing watching MAKO for top
06:53:18 MKing RRC toppy
06:53:03 MKing consider covering GMCR first helping short
06:52:39 Kris watching ASIA for a long
06:51:42 MKing a lot of stocks turning over now
06:50:55 Kris will add to DE long on pullback to 83.00 area
06:50:41 Kris DE long half position
06:50:33 MKing watching DNDN for short
06:50:19 Kris stop last 1/4 SPLS long under 16.45
06:50:05 Kris out another 1/4 SPLS long
06:49:24 MKing POT toppy
06:49:05 Kris looking for a new high on GMCR long
06:48:45 Kris stop rest SPLS under 16.33
06:48:30 Kris out half SPLS long
06:48:27 MKing watching MON, FCX for short soon
06:47:42 Kris stop last 1/4 LNG long under 10.14
06:47:20 Kris out another 1/4 LNG long
06:45:31 Kris stop second half LNG under 9.96
06:45:21 Kris out half LNG long
06:45:20 MKing GMCR toppy, watching for short soon
06:44:07 MKing watching JEC for bottom
06:43:46 Kris stop CAT over 101.85
06:42:50 Kris out half FCX long, stop rest FCX under 47.26
06:41:52 Kris LNG long
06:41:47 MKing watching WFT for short,, try 19.55 area
06:40:40 MKing watching MOS for 2nd helping short
06:40:17 MKing watching TZOO for short soon
06:39:59 Kris stop IMGN over 12.07
06:39:07 Kris SPLS long
06:38:41 MKing watching for short in POT
06:38:28 Kris GMCR long half position
06:37:05 Kris watching WFT for a short
06:36:28 MKing watching IP for long entry, may take a while
06:35:58 Kris FCX long
06:35:34 MKing consider covering MOS here 65.29
06:34:14 Kris TZOO short
06:33:44 MKing watching ROVI for short on top of this bounce
06:32:17 MKing watching MOS for a short
06:30:55 Kris CAT short
06:30:25 Kris IMGN short
06:19:14 Kris nice baz!
06:18:13 Kris anybody catch the end of the world over the weekend? I missed it.
06:16:13 Kris good morning traders
06:15:08 MKing going to be a down opening, short should perform better the first couple of hours
12:58:11 kevin5 Bye guys...see you tomorrow. Kris, thanks.
12:54:59 mojo Thank you TSA team and all traders. Bye-bye.
12:39:08 baz6308 anyone else catch some of that RLD run? got it for .2
12:37:43 baz6308 another banner day amazing!!!!!!!!! thank you!
12:31:03 junior Thanks Mitch, I came in late today so did not trade it, just watching
12:23:09 rokh18 Very good trades today, Mitch and Kris. The best Monday since I started. Have a good night everyone.
12:07:43 hammer thanks kris for rld
12:06:27 observer Thx, Kris, RLD
12:07:07 truck thank you Kris,,,,RLD
11:56:55 ron thx Mitch got CBST @ 37.58 covered @ 37.23
11:32:51 kevin5 yes, Mking you helped me turn my day around with that CBST one...thanks.
11:23:01 rayh thx MKing, cbst was good short from 37.50 to 37.00
10:22:34 swede Thanks for BWA, Kris.
10:14:38 pow KRIS is KKD too strong for a short here?
09:58:44 kevin5 I’m interested in the coaching Kris. A few pointers will put me over the top I’m sure. I’m close but just grinding metal right now.
09:56:23 sto369x Kris, do you offer trading platform setup mentoring?
09:46:10 jjammerp MK, still like CF short? strong against the tape, but do you think it will breakdown?
09:37:00 kevin5 Question for the team, since things have slowed down a bit: 1) what determines when you enter the long or short trade. I am looking at the 3min and 1min chart. 2) How do you determine where to set your stops. What works for you guys with high probability please. I’m using tradestation as my platform.
09:20:27 PapaDoc The company is in a position to make a fortune shipping offshore and has been waiting for this approval for some time.
08:19:11 PapaDoc Re LNG - suspect all the insiders are collecting their lunch money
08:16:15 ron was there a tip off it would sell off? Volume looks bout the same as 90 minutes ago..
08:10:42 jasonb Got out at 12.00 as you mentioned earlier.. small loss but it’s ok
08:08:58 PapaDoc LNG received permission from Feds to export liquid natural gas
08:03:41 jasonb ok thanks Mking
08:02:51 jasonb Mking, should I take my losses on LNG since its trending up or have a stop at a certain price? I got it at 11.85 which was the 2nd helping short you mentioned
08:00:48 Jsn13 has VHC bottomed?
07:59:42 jasonb still holding the short position
07:59:33 jasonb second helping short which did at 11.85
07:59:00 jake DG long target?
07:57:41 jasonb I short LNG at 11.85. What’s a good stop?
07:56:49 ghaziar MK-- what is longer short?
07:54:22 TheGaryGuy Thanks! all.
07:52:45 RD stock box not working just use the comments box and move up so you can see more history
07:52:38 ScalpMan Stock box is not used...Watch TSA Comments
07:51:47 TheGaryGuy Guys this is my first day, just got here, how do I recall the history from this morning’s Stock box? Mine is blank.
07:40:59 kevin5 I have the same issue...when to ENTER these trades. Mking, maybe when things slow down you can explain.
07:38:32 galaxy i cannot see when is timing to enter, because when you mean seeing is to enter or not? Topping is to enter or not?
07:26:16 AlRobertsNM9Q great MONDAY
07:25:38 GralPancho GMCR being added to NDAQ-100
07:08:28 Lara Toppy means that you should look for a good entry to go short
07:06:41 jasonb What exactly does toppy mean other than topping out? A good time to trade?
06:59:53 mbear DE Stop Kris?
06:55:15 ScalpMan Mitch..Target on FCX S?
06:42:57 jasonb Stop on CAT?
06:40:09 PapaDoc thx
06:39:29 PapaDoc Kris - stop on IMGN?