Chat Highlights From 5/25/2011
Pacific Time Zone
13:03:14 MKing take care guys. study charts, review. and don't do anything Kris would do
13:01:11 Brent have a great night everyone, see you in the morning
13:00:38 Kris great job everyone! see you all tomorrow
12:34:05 MKing AVY has some rumor
12:33:18 MKing i don’t know topdog, first glance is bad idea, bad idea on shorting VIT overnight. guys, i cant answer all your stock questions, can only scan and evaluate what i see. you have to call Jim Cramer for that
12:32:05 MKing try to remember that the afternoon trades take longer than the morning trades. so much more patience is needed
12:30:36 MKing the top guys on individual sports are real steady, calm, healthy thoughts. Look at the best tennis players and golfers, you will see the same thing. Now I don’t know if they have all those sex problems though
12:29:03 Kris well done junior. have a great night. you'll get there.
12:28:52 MKing junior, you will always be "working on that emotion thing," that’s the nature of trading
12:25:20 Brent great job Junior, that's awesome
12:07:05 Brent what’s your entry price on AGQ derns?
12:06:37 Brent AGQ still acting strong in my opinion Derns
11:59:04 Brent yesterday's low, was support, will probably now be resistance
11:58:46 Brent first resistance on AMRN is 18.60
11:56:04 Brent saw your post too late, but good one
11:55:37 Brent good eye Junior on AMRN
11:50:46 MKing consider closing ASIA long
11:28:08 MKing watching FSLR for long soon
11:26:52 Brent right scalpman, you'll just need to back test that theory. When AIG bounced this morning at 28.20 area, the 200 was at $29.10 and it only bounced 25cents. Not saying your wrong, it's just not something I trade
11:22:34 Brent you're right, but it's not one of my strategies. The way I saw it when you posted it. It was at 27.65, I would've needed a 20c stop for maybe a 20c potential. I don't like that ratio
11:20:57 Brent I don't really trade towards the ma's Scalp, I just use them as potential support and resistance, but don't trade with the mentality the prices will gravitate towards them
11:19:02 MKing not sure what you mean scalpman, need example
11:18:25 Brent I watch the moving averages as support and resistance, so yes I do use them to judge profit potential in a trade and use them for targets.
11:15:51 Brent just Monday Scalpman
10:09:35 Brent thx sun2000, don't worry about what was left on the table, you made two awesome trades.
10:06:03 Brent good eye on CIT elisas, missed your post
10:04:04 Brent you can trail your stop on LPS if still long, I'm thinking $25 area for next target
09:58:37 Brent nice rockstar
09:57:16 Brent more of an advanced scalp
09:57:04 Brent sorry Jake, it's moving too fast to post entry, I don't want people chasing it
09:56:45 Brent consider reducing LPS here if long
09:45:52 Brent take profits early on LPS if long
09:41:44 Brent may have some support around $24 area on LPS jake
09:37:24 Brent yes Jake, watching LPS for a long
09:37:08 Kris ok, I'm back
09:36:21 Brent watching LPS
09:33:02 MKing watching ASIA for long soon
09:31:49 Brent take care Jsn, have a good night
09:18:59 MKing monitoring TSLA for potential long bounce
08:56:56 Kris I'm flat. Solid morning. Break time. Be back in about 30.
08:53:31 Kris out all HRL long
08:47:03 Kris ok, sounds good kevin. I'll make a note.
08:44:41 Kris what strategy were you using on TSLA kevin5?
08:43:38 Kris stop last 1/4 HRL below 27.86
08:43:16 Kris out another 1/4 HRL long
08:42:15 Kris TSLA next resistance around 29.00
08:39:59 Kris out all SLW long
08:32:20 MKing AGQ is not a scalp
08:32:07 MKing fmattos, you are worrying about AGQ too much, stop watching it
08:30:51 MKing TSLA: EPA, DOT unveil new fuel economy label standards The U.S. Department of Transportation and the U.S. Environmental Protection Agency have introduced new fuel economy labels. The new labels will provide more comprehensive fuel efficiency information, including estimated annual fuel costs, savings, as well as information on each vehicle’s environmental impact.
08:28:41 MKing TSLA shortable
08:28:24 Kris moving up stop on last 1/4 SLW long to 36.63
08:27:06 MKing no ejk
08:18:21 Kris you guys are awesome compared to the last group of mental patients
08:16:19 Kris stop last 1/4 SLW under 36.37
08:15:55 Kris out another 1/4 SLW long
08:15:26 Kris you guys are stressing me out
08:15:13 Kris stop rest HRL below 27.77
08:14:49 Kris out half HRL long
08:13:43 Kris patience has come a ways, especially once I got engaged. I make daily strides with patience
08:12:36 Kris good ole TSLA spike
08:12:18 Kris NOV resistance around 72.00 area but I probably won't be shorting it. just a heads up for any longs
08:11:56 Kris NOV coming into resistance soon
08:11:54 Brent TSLA alert
08:09:23 MKing watching VIT for a short on the top of this rebound, slow motion
08:06:57 Kris stop rest SLW below 36.17
08:06:30 Kris out half SLW long
08:03:49 MKing watching OC for a short
07:59:17 Kris PXP you dog
07:58:36 MKing 2nd helping short over with BWA, consider covering
07:53:45 Kris looking for 28.14 topdog
07:49:05 Kris TZOO has good resistance around 75.50, over that could give a nice run. might not be today.
07:45:08 MKing nice execution on GES Diadora
07:44:42 MKing top in GES, shortable here
07:44:19 MKing hey guys, try to remember this in your trading career, especially with scalps. when a stock's indicators are set up well and even though the stock may not cooperate all the time, the odds are heavily in your favor. You notice that many of these stocks go our way even though we botch them up, or misinterpret them
07:43:04 Kris higher highs and higher lows not a good pattern for a reversal on NOV. The first short back to 70.00 was ok but watch out for these once they set a new hod from the pullback.
07:42:11 MKing yeah, good junior. we should get an uptrend for today and tomorrow as well
07:40:16 Kris stop last 1/4 JOYG under 86.63
07:39:55 Kris out another 1/4 JOYG long
07:38:18 MKing funny when i lose patience in a stock and abandon the idea.... GES moving up nicely. Watch GES for a shortable top
07:37:14 Kris out half JOYG long, should have started moving, stop rest JOYG long under 86.43
07:36:17 Kris TICK just hit 1098
07:35:54 Kris SPY holding near resistance, watch for new high
07:29:30 MKing SODA top here, good 2nd helping short
07:29:17 MKing monitoring NOV for 2nd helping short
07:27:48 Kris long half HRL long, stop below 27.46
07:27:43 MKing TZOO top
07:26:52 Kris stop last 1/4 LEN under 18.27
07:26:44 Kris out another 1/4 LEN long
07:25:42 Kris out last 1/4 BIIB short
07:25:25 MKing money in a short in VIT here
07:25:14 MKing GES doesn’t look bouncy, cancel that idea
07:25:01 Kris stop rest LEN under 18.25
07:24:53 Kris out half LEN long
07:24:51 MKing watching SODA for another short
07:24:35 MKing looks like VIT peaked out around 20.80, consider selling
07:24:21 MKing consider covering BWA, Borgwarner
07:22:19 MKing the indexes were bullshorting, huge increasing volume and parabolic charts
07:21:22 MKing Haines didn’t call the top in the Nasdaq, Mitch King did. was around March 26, 2000. I was on my way to Florida to take delivery of a new turboprop plane.
07:20:29 Kris out another 1/4 KMB short here
07:19:47 MKing be flexible about that VIT comment, could peak anytime
07:19:25 MKing looking for VIT to hit $21 area
07:18:17 Kris anyone still long HOLI?
07:16:07 MKing monitoring GES
07:15:53 MKing if you shorted TSL, consider covering it now
07:15:33 MKing consider covering CAM
07:15:23 Brent next target 49.75 area on DSW
07:15:12 Kris LEN still consolidating, will stop under 18.17
07:14:54 Brent consider reducing DSW if long
07:14:42 Kris stop rest KMB short over 67.63
07:14:33 Kris out half KMB short
07:13:14 Kris stop last 1/4 BIIB over 93.56
07:13:06 Kris out another 1/4 BIIB short
07:12:33 MKing here is that pullback on S&P 500 I was looking for, should make an uptrend attempt today
07:12:14 Kris support 10.40 and 10.25 on BWS
07:11:41 Kris watching BWS for a long
07:11:32 MKing too late to short SLB now, wait for rebound to 84.35
07:11:08 MKing forgot to post SLB top to you, watching Mark Haines discussion
07:10:56 Brent watching DSW
07:10:44 Kris out all PXP long
07:07:44 MKing watching VIT for bottom
07:06:39 Kris 85.85 stop on JOYG babak
07:05:38 Kris watching HRL for a long
07:04:24 Kris thanks terry
07:03:57 Kris careful with NOV short, gonna have good support around 70.00
07:02:47 Kris stop rest PXP under 34.94
07:02:34 Kris out half PXP long
07:02:08 Brent vit
07:02:03 Kris watching VIT for a long
07:01:32 Kris still short full KMB, watching for weak bounce and new low
06:59:15 MKing TSL topped out, consider selling and maybe small short
06:58:51 MKing NOV toppy
06:58:42 Kris out half BIIB short, stop rest over 93.85, see if it can break new low
06:58:07 Brent ignore vrml, sorry
06:57:59 Brent vrml
06:57:52 MKing watching BWA for top
06:57:44 Kris watch for test of lod on BIIB if you're still short
06:56:06 Kris watching LEN for a new high here, needs to break .33
06:55:18 Kris out half HOLI long, stop rest under 8.22
06:53:27 Kris PXP long half position
06:52:20 Kris KMB short
06:52:09 Kris I pass on MWW short, not enough money here for me
06:51:51 Kris watching NOV for a short
06:51:01 Kris watching MWW for a short
06:50:00 MKing FFIV toppy
06:49:26 Kris LEN long
06:48:56 MKing CAM toppy
06:48:23 MKing consider selling healthcare stocks: UNH, HUM,
06:47:53 MKing watching CAM for a top for short
06:47:51 Brent if long, HRL needs to make a higher high here or I would close
06:47:19 Kris EXXI long over 34.10 with strong volume
06:46:25 Kris watch KMB for a new low short below 67.60
06:45:44 MKing MWW has some sort of rumor
06:45:43 Kris HOLI long small position
06:45:00 MKing a pullback in the S&P should help your shorts and then look for uptrend to continue later in the S&P
06:43:30 MKing consider selling healthcare stocks
06:43:22 MKing looking for 79.60 area to cover GMCR
06:41:27 MKing looking for 53 area for EMR
06:40:57 MKing don’t be shorting healthcare group for quite a while, if at all
06:40:10 MKing S&P 500 probably pulls back a little here
06:40:07 Kris JOYG long
06:39:35 Brent CRI, still acting strong, consider tightening stop more, needs to breakdown here
06:39:00 MKing GMCR toppy
06:38:24 MKing watching for bottom in TSL
06:38:04 MKing NOV has a ways to go up first, let it peak
06:37:47 MKing watching for a top in NOV for potential short
06:37:46 Kris you should be out SODA long on that spike, if you're still holding, stop under BE
06:37:21 Brent watching HRL
06:36:58 MKing watching EMR for bottom
06:36:55 Kris got disconnected
06:36:12 MKing watching for short in SODA around 59.50
06:35:37 MKing WATCHING FOR SHORT SCALP IN coh, coACH AROUND 59.15
06:35:28 Brent watching SOLR for a bounce
06:35:16 Kris watch BLL short below 37.90
06:34:10 Kris long second half SLW, stop under 35.67
06:33:26 Kris SODA long
06:33:26 Brent tighten stop to protect profits, next target $30.10 area on CRI
06:32:55 Brent consider reducing CRI if short
06:32:19 MKing watching for bounce in healthcare stocks again this morning: HUM, WLP, AET, UNH
06:32:17 Kris BIIB short
06:31:46 Brent watching CRI
06:30:23 Kris SLW long half position
06:29:57 Kris Time to Rock! Let's make some money!
06:29:46 Kris Corvallis in the house!
06:29:36 Brent actually it was much more laid back then that RD, just crappie and bass
06:28:31 Brent Owyhee Reservoir RD, on the Oregon/Idaho border
06:20:23 Kris good morning traders
06:20:02 Brent yeah, it was a good time
06:18:34 Brent I got a few...hundred. Managed to even make $20. One that I caught had a $20 reward tag on it. Almost as fun as trading stocks
06:15:56 Brent good morning everyone
06:10:22 MKing the Durable Goods report showed less orders in April and is driving the premarket futures down further. We should get some strong buying attempt in the market at some point today
13:03:54 mbear Great night everyone. Another day in the Green. thanks again
13:00:08 stevemld LNKD S 96.66 cover 94.84
12:59:33 ScalpMan Bye....see you tomorrow...Thanks to All...
12:59:31 qwert Goodnight everyone another great day!
12:57:21 stevemld CF S 152.23 cover 150.59
12:53:00 rokh18 Have a good evening everyone , see ya tomorrow
12:53:00 rokh18 Have a good evening everyone , see ya tomorrow
12:45:52 gecko another green day today. nice late surge. thanks everyone for your help. see you tomorrow.
12:42:54 baz6308 I love that MK,Kris,and Brent hang till the market is closed. three for three green trades today thank you!
12:33:05 rockstar excellent point MK.. I get to itchy on selling the afternoon trades
12:31:41 topdogrex Mitc I am short on VIT @ 21.60, holding overnight a good idea or not?
12:28:38 fmattos Good Junior... I swapped from paper to real a month ago and at the beginning the emotions were up to the roof... I am very selective now as I am trading real
12:27:21 junior trading real. Green days are becoming more consistent.....finally, Thanks guys
12:25:48 fmattos Junior, are you trading paper or real?
12:24:46 junior Thanks Mitch, Kris, Brent. fellow trading room folks, good day today. 5/5 green this AM which made me tentative and cautious this afternoon to protect profits. Missed some good trades. Still working on that emotion thing. Have a good evening, see ya tomorrow
12:18:49 MRIguy Im long AGQ at 183.82 from a couple days ago fmattos.
12:16:34 fmattos Anyone else long in AGQ? Post your entry price please
12:09:20 Derns Brent...I started low 160s and have been in/out 7-8 times, having missed a few overnight gap ups. My current position is 195 today.
12:07:07 ScalpMan AMRN touched .60 but is not very strong.
12:05:26 Derns Mitch...I know your recent thoughts on AGQ are for a swing with a potential to reach 225...do you have any reason to change your perspective? I remain long on a swing..in/out several times sense last week...and likely to swing over night.
11:58:04 ScalpMan ...so first target on AMRN is .65
11:57:39 ScalpMan Brent...notice those emas on AMRN...on the top side.
11:56:25 junior Thanks Brent, unfortunately I missed it and did not want to chase. Seems like the bounces are really fast this afternoon.
11:55:57 candelas u guys are the bestest
11:46:19 sprinterdc anyone still long on LPS? I got in on the second bounce at 24.41
11:35:01 randall thanks for the drop in the bucket Mitch!
11:33:22 randall in first solar 120.63 out 121.07
11:32:44 junior Good call once again Mitch, FSLR
11:28:52 ScalpMan YNDX has the same pattern as AIG...with EMAs
10:25:58 diadora Very good morning today. Hope to be back before the close. Thanks everyone.
10:11:37 fmattos Out AIG S, breakeven... not acting well
10:08:11 rusty solar sector starting to look interesting
10:08:10 toptrade short soda for third time
10:06:47 toptrade out yndx long at 35.85
10:05:33 MRIguy Looks like my other 1/2 of OC stopped out while I stepped away 35.60. Prob had it too tight.
10:03:30 elisas1234 CIT
09:59:12 candelas tank u Brent
09:59:04 sun2000 short 24,65 then long it at 24,.11 make sure have stop lost for 15 cent
09:58:58 MRIguy Out 1/2 OC at 35.55
09:58:53 toptrade out lps 24.60
09:58:46 Lightning out rest of OC here
09:57:46 rockstar plus .44 on LPS TY Brent
09:52:49 MRIguy OC just on a nice downward slide. Awesome.
09:49:46 baz6308 tsla nice ty Mitch .28
09:49:39 toptrade long yndx 35.20
09:42:27 sun2000 going for long lps
09:31:33 Jsn13 Thanks for the info...gonna call it a day....my scalping skills still need some more improvement...thanks guys for sharing....
09:25:52 Lightning covering 1/2 of OC short here at 35.59
08:47:08 kevin5 Kris, these are good lessons early on...all good for now
08:46:17 Jsn13 OC is not moving as fast as i thought....or maybe not moving....although it has nice setup....wonder why....
08:44:13 MRIguy I’m sitting in it also at 35.92 Jsn13. I have tightened my stop to 35.94
08:43:57 Lightning Jsn, I shorted OC at 35.98 and some more at .90. I am still short, with a stop above the HOD.
08:43:17 diadora stopped out my short on TSLA first loss of the day, still happy!
08:43:16 Jsn13 did anyone short OC? I shorted at 35.92...any opinions?
08:29:02 ron wow! TSLA @ 26.32 out 26.91.argh..
07:53:29 topdogrex kris. hrl target
07:51:27 diadora TZOO can do voodoo on me, so I can’t be too careful
07:50:09 diadora I was short TZOO, but with the comments about the market perhaps turning up today i decided to take a small profit and stand clear.
07:48:55 green5 VIT in @20.73 out @ 20.99
07:47:24 diadora Thanks Mitch. just got stopped out of TZOO in a good way. The spreads on that stock are too wild.
07:46:46 toptrade cover soda 59.12
07:46:00 shortU short GES @ 38.53
07:41:44 diadora Thanks for GES out 38.66
07:41:31 junior Mitch your comment first thing this AM about buying coming into the market today was right on!
07:40:50 ScalpMan I was...got stopped
07:40:21 EJK anyone short on NOV?
07:31:32 toptrade short soda 59.48
07:15:04 junior out NOV short AT .04...out aCAM short .35 thanks TSA !!!
07:10:50 aleem long vit 20.30
07:06:21 aleem correction in nov at 70.70
07:05:01 aleem NOV in 70.82 out 70.25
07:04:15 ScalpMan All out NOV S small profit
06:54:12 mbear Wow MWW - fell like a rock for a few seconds!
06:54:09 Terry mark haines died last night
06:52:31 Guitarzan LXK takeover chatter
06:46:05 truck out half CHK
06:43:38 junior Out EMR thank you Mitch
06:43:29 neopri what is good entry point for SODA to short please reiterate
06:42:52 truck CHK
06:40:30 junior long EMR 52.70