Chat Highlights From 5/31/2011
Pacific Time Zone
13:01:08 Brent have a great night everyone, see you in the morning
13:00:55 Kris see you tomorrow morning
13:00:50 Kris great job today everyone
12:58:38 MKing GMCR dropping hard
12:58:22 MKing sorry i messed anyone up on that REDF
12:57:55 MKing YOKU spiking
12:57:17 MKing lol candles, back is still killing me though
12:56:53 MKing don’t short REDF now, thought there was an hour left,
12:56:36 MKing thanks gecko
12:56:33 MKing oh, no, I’m sorry, i lost track of time, it s too late in day, sorry
12:56:18 MKing if you want a safer play, see if it peaks out over the previous high of 11.27 earlier
12:55:50 MKing this move from 10.65 to 11.23 is around 6% big move
12:55:23 MKing REDF ready for 2nd helping short, start small
12:55:01 MKing try to remember that and look for a high probability directional move in the indexes. This will help you position your trades and helps with your thinking what you should be doing
12:54:24 MKing SP 500 approaching highs of the day. do you guys remember that comment i make most mornings about the SP will probably make a rebound
12:52:48 MKing what your goal on the 2nd helping short on REDF (or any 2nd helping short scalp) is to see if it peaks below the previous high, which it looks like it is now. then you start shorting a little at a time as you get confirmation that it is ready to short
12:48:32 MKing good job candles
12:47:49 MKing another short helping on REDF developing now
12:48:32 MKing good job candles
12:47:49 MKing another short helping on REDF developing now
12:47:37 MKing you guys get that ESV long and then there was a short on it
12:30:00 Kris you could hold a small piece as a swing for 2 or 3 days jacki
12:25:40 Kris out all FRO long
12:23:43 MKing ESV is interesting qwert, thanks, watch ESV for a bounce
12:23:18 MKing what you try to gauge on these rumors is how strong it is going to be and if the 2nd or 3rd helping short you are looking for, and they fizzle out, then you open a small initial opening short again and add as they weaken
12:22:27 MKing you see the REDF posted at 250pm eastern? look at 10.90 to cover and if these rebounds fizzle out you lok for another short again. That is the standard procedure on shorts like these
11:58:25 MKing ZLC is getting better mbear, getting interesting
11:50:28 MKing if anyone shorted REDF, consider covering and re-shorting later, try covering around 10.90 area
11:41:12 MKing no, not buyout, theflyonthewall.com: Rumor: Rediff.com moves up on speculation they will start a Youtube like site in India
11:40:48 MKing buyout rumor on REDF
11:38:16 Kris REDF ALERT
11:30:25 Kris stop rest MHS under 59.56
11:30:12 Kris out half MHS long
11:23:18 MKing RVBD should drop but is not a high profit potential short scalp
11:22:59 MKing anyone get that ABVT short?
11:22:40 MKing watching LNKD drop
11:07:58 Kris FRO trying for a new hod, still have half position long
10:51:02 Kris I don't have a specific pairs strategy on those jjammerp. Couldn't give guidance on that trade.
10:49:43 Kris stop last 1/4 RLD long under 26.95
10:49:24 Kris out another 1/4 RLD long
10:35:27 Kris stop rest RLD long under 26.94
10:35:02 Kris out half RLD long
10:32:29 MKing HES a quickie short here
10:28:45 MKing consider ABVT short
10:27:52 Kris yes hammer, I still have RLD long
10:24:45 Kris what is trtr jacki?
09:59:10 Kris 79.83 stop on last half HUM long UpTick
09:57:01 Kris needs to break 80.80, that will be my target and I'll reduce to 1/4 position there and tighten my stop for a fail of .80
09:54:55 Kris stop rest FRO long under 18.14
09:54:30 Kris out half FRO long
09:40:51 Kris RLD target 27.44
09:36:45 Kris long half position RLD
09:34:19 Kris SPY another new lod, filling the gap
09:33:46 Kris not bad. that one went fast. you might have chased it a little making it hard to dump some in llow .30's
09:30:48 Kris what was your entry baz?
09:20:33 Kris SQNS could give another short today
09:20:12 Kris SQNS new hod
09:18:52 Kris it looks to be consolidating for another move higher over 344, next resistance would be around 350
09:17:01 Kris APPL suzie?
09:12:54 Kris first target would be 42.00 area on RIMM
09:12:35 Kris RIMM needs to lose 42.50 before I'll take it short
09:09:21 Kris long second half FRO
09:04:01 MKing RLD looks like it will keep bouncing, especially when indexes turn up
09:03:19 Kris no not really scalpman. i pass on it here
08:58:38 Kris SPY testing lod
08:57:44 Kris watching SKM for a long
08:47:31 Kris First target on FRO long around 18.50
08:38:28 Kris SQNS could give another leg down if it breaks
08:38:13 Kris SQNS testing support level here
08:37:06 Kris on FRO I'll add on pullback to 18.15 area, stop under 17.96
08:35:28 Kris looks like we might have a bottom
08:35:13 Kris SPY breaking trend
08:34:29 Kris FRO long half position
08:33:18 Kris out all TZOO long
08:25:51 Kris TZOO new high
08:17:02 Kris very nice papadoc. well done
08:13:35 MKing hey doc, can you complete your posts in prices? easier to follow
08:12:59 Kris watching RIMM for a short below 42.50
08:12:26 MKing the RVBD short idea not good, abort
08:11:25 MKing good top in YONG again, 2nd short
08:09:51 MKing no substantial bounce in SP 500 yet but bottoming process
08:08:31 Kris half position
08:08:31 MKing RVBD toppy
08:08:22 Kris yes uptick, I still have HUM
08:07:06 Kris good job lightning
08:06:55 Kris SQNS support at 17 then 16.80
08:05:25 MKing looking for short in RVBD on top of this bounce
08:04:39 Kris still holding 1/4 position TZOO long, looking for new hod
08:04:16 Kris TZOO about to test hod
08:02:08 Kris look to cover some SQNS short here in this area if you were able to get it short
07:54:31 Kris SQNS short
07:44:25 Kris AFL short
07:43:25 MKing RLD bouncing
07:42:33 MKing watching LNKD for long
07:41:28 Kris watching SQNS for a short
07:38:15 Kris NOK defended by merrill
07:36:55 Kris SPY trying to base
07:34:51 Kris SQNS another strong day
07:26:47 MKing watching HES for bottom
07:25:37 Kris if you got MAKO short again watch it at the double bottom
07:25:20 MKing watching A, Agilent for bottom
07:24:43 MKing monitoring ABC for bottom
07:24:42 Kris PDCO coming into resistance around 34.50 area
07:23:11 MKing new low in RVBD,
07:21:51 MKing new low of day in SP-500. We should be looking for a cycle of good long scalps. Monitor SP 500
07:19:55 MKing looking for RVBD to bounce again with the previous 37.64 to hold
07:19:45 Kris stop last 1/4 PDCO 34.16
07:19:26 Kris out another 1/4 PDCO long
07:16:20 MKing watching SWKS to short on top of this bounce
07:16:08 Kris watching YGE for a short, resistance around 10.00
07:16:05 MKing new low of day on SP 500
07:13:43 Kris stop rest PDCO under 34.13
07:13:18 MKing watching RVBD for bottom
07:13:09 Kris out half PDCO long
07:12:30 MKing watching CVS for bottom
07:10:51 Brent next target 25.20 area on SWKS
07:10:30 Brent reduce more SWKS here
07:07:57 Brent tighten stop to protect profits, doesn't look particularly strong
07:07:25 Brent next target $25 area on SWKS
07:07:12 Kris PDCO long
07:07:05 Brent Consider reducing SWKS if you got it LONG
07:05:40 MKing monitoring CCI for bottom, slow mover
07:04:46 Kris I'll pass on CIS short here
07:02:49 Kris MAKO big moves today
07:02:27 Kris SPY looking for support
07:01:00 Kris ASH coming into support area
07:00:44 Kris watching CIS for a short
06:59:22 Kris now I'll start to look for a possible long in MAKO soon
06:59:10 Kris mako couldn't hold support, still dropping
06:57:35 Brent won't have a target till I enter
06:57:05 Brent still watching for a bounce on SWKS yoel, has some possible support at $24.79 area
06:56:29 Kris HOG ALERT
06:55:08 Kris watching RY for a long, support around 58.00
06:52:29 Brent watching SWKS for a bounce
06:52:23 Kris out another 1/4 NWSA long, stop last 1/4 under 18.18
06:52:22 MKing consider closing GMCR long, try 82.25 area to sell
06:51:47 Kris stop last 1/4 TZOO long under 74.95
06:51:31 MKing consider reducing long in GMCR around 82.40
06:51:24 Kris out another 1/4 TZOO long
06:51:10 Kris if you got MAKO short on the new low, look to take more profit in this area
06:50:12 Kris watching ASH for a short
06:49:45 Kris stop HUM long under 79.77
06:49:25 Kris HUM long
06:48:32 MKing GMCR bottoming
06:48:23 MKing monitoring another gambling stock MGM as well as LVS for bottom
06:48:17 Kris MHS long half
06:47:49 MKing monitoring WYNN for bottom
06:47:35 Kris will watch MAKO for another short today
06:47:18 Kris out all MAKO short
06:47:05 Kris looking for TZOO to consolidate over 75.00 area and make new hod
06:46:49 MKing monitoring MAKO for a bottom for long scalp
06:46:37 Brent PPO needs to break $65.50 area, tighten stop to protect profits
06:46:04 Kris stop second half NWSA long under 18.16
06:45:57 Kris out half NWSA long
06:45:46 MKing no bottom in GMCR yet but still watching
06:45:01 Kris MAKO at support, watching it here
06:44:52 Kris out half MAKO short
06:44:25 Kris looking for a new lod in MAKO
06:43:56 Kris watching VIT for a short
06:43:39 Kris watching WMS for a short
06:43:36 MKing monitor CDTI for 2nd helping short around $9.60 area. too late to buy bottom
06:41:01 Brent consider reducing PPO
06:40:53 Kris stop rest TZOO under 74.44
06:40:44 Kris out half TZOO long
06:40:25 Kris watching TPX for a long
06:39:57 Kris breast cancer patent
06:39:51 Kris VRML alert
06:39:47 Kris VRML news
06:38:48 Kris MAKO short
06:38:36 Brent watching PPO for a bounce
06:38:09 MKing watching GMCR for a potential long bounce
06:37:52 MKing looking for around 76.40 area for RKT
06:37:31 Kris NWSA long
06:37:25 MKing consider covering MAKO, now 34.17
06:37:09 Kris watching ALTR for a short
06:37:05 MKing consider covering CDTI here 9.77 area
06:36:46 MKing consider covering most of YONG short around $5.50 and monitor for a bounce. If YONG drops hard and fast to maybe 5.25 area, could be good long scalp but wont last long
06:36:45 Kris ERTS consolidating, looking for a breakout higher
06:36:23 Kris TZOO long half position
06:35:52 MKing looking for around $9.80 to cover CDTI
06:35:29 MKing watching RKT , late to see, thanks sfarrill
06:35:19 MKing DOLE: Dole Food reports Q1 EPS 51c ex-items vs. consensus 23c Reports Q1 revenue $1.69B vs. consensus $1.65B
06:35:13 Kris watching BMRN for a short
06:34:18 MKing watching DOLE
06:33:25 MKing watching MAKO for short
06:32:28 MKing watching DWA, Dreamworks for bottom
06:32:20 Kris CVLT long half position
06:32:17 MKing watching CDTI for potential short
06:32:06 Kris stop rest ERTS under 23.94
06:31:08 Kris out half ERTS long
06:30:53 MKing YONG turning over, consider short
06:30:18 Kris ERTS long
06:29:14 Kris watching LVS for possible long today
06:28:42 Kris 2 minutes, let's rock!
06:24:58 Kris watching AGU for a possible short today
06:22:08 Brent good morning everyone
06:22:01 Kris watching ASH
06:21:46 MKing Looking at shorting YONG soon
06:21:12 MKing the strong premarket futures to the upside is mostly a result of the talks of restructuring Greece's debt and Germany's surprise support. Also some carry over from last week's run and typical post holiday bullishness. Still consider reducing some existing long positions for shorter term investors
06:15:54 Kris Some stocks I'm watching this morning are CVLT, ERTS and LULU
06:13:55 Kris good morning traders
13:04:36 Lightning thanks TSA and everyone. See you tomorrow
13:03:03 Bill Good nite all,see ya tomorrow
13:01:34 observer Good night, Kris, MK, Brent, traders and thx Kris for ERTS
13:01:17 Guitarzan Bye everyone. Thanks!
13:01:17 candelas take care Mk,Brent,Kris and Traders
13:01:11 mbear thanks all - have a great night
12:59:35 mbear Qwert - thanks for ESV earlier. Left my CPU came back and had made $115 and was stopped out at my target $53.95. Great call
12:57:38 candelas Hope u get to 100 percent soon
12:57:00 candelas we can tell u got your rest Mitch
12:56:01 fmattos Is there enough time for REDF Mitch?
12:53:49 gecko one of the hardest lessons I have been learning is to be patient
12:52:33 gecko 9/10 today. thanks everyone for your help. see you tomorrow.
12:50:44 observer Was very happy for patience in ERTS, too
12:47:50 candelas yes sir
12:44:06 hammer thx qwert. nice one
12:42:42 Crazy Thx qwert..............nice way to end a day!
12:42:17 EJK out on BRCM 35.77
12:29:03 EJK BRCM potential long
12:37:28 topdogrex MKing,ZLC as swing trade, short at 6.40
12:30:35 jacki ok... thanks...I think it’s for 2 days
12:29:28 jacki it’s a setup to hold for swing FRO?
12:27:06 LisaS Patience is paying off on my last quarter of pdco. Forgot about it almost after moving stop up!
12:18:15 qwert ESV getting interesting
11:55:02 gecko torture
11:54:57 gecko been in erts all day
11:54:23 mbear Mitch - good time to get into ZLC bullshort?
11:30:39 SHADEY I took the ABVT short Mitch but closed around 77.
11:24:15 MRIguy I got some ABVT at 77.62. Mitch...is it looking like it will drop anymore?
10:51:36 jjammerp ok, thanks
10:48:19 jjammerp MK or Kris, MOS usually trades tight with POT. Good idea long?
10:26:38 hammer Kris, still holding rld?
09:55:47 UpTick Kris, what’s your stop on HUM?
09:32:04 baz6308 24.24 got greedy should have gone out at 24.33
09:23:54 baz6308 first loss since in the tsa room
09:22:41 baz6308 stopped out erts 23.94 minus 300
09:22:19 suzie thnks Kris, JOBS is to be on stage Monday was kind of surprised
09:20:21 ScalpMan Have to go for now...positive day...see you in the last hour.
09:17:13 ScalpMan Nice short in AGQ plus 1.15
09:10:48 suzie short RIMM target?
09:01:23 ScalpMan Kris SKM have enough money?
08:46:38 bas whats the target on fro
08:36:11 EYES -USE- A- STOP what’s your stop FRO Kris
08:32:20 kevin5 Got in 76.95 out 77.45.
08:31:11 kevin5 Great trade on TZOO Kris...thanks
08:15:51 PapaDoc Sure, 17.63 in and 17.10 out - 3 percent Thx Kris
08:11:52 truck good trade DOC !
08:09:01 PapaDoc SQNS in At .63, out at .10
08:08:06 UpTick Kris, u still holding HUM?
08:07:18 Lightning just following you Kris!
08:06:24 Lightning did get SQNS short at Lightspeed. Still holding 1/4 position.
07:25:06 truck good call Kris,,,,PDCO
06:56:00 yoel123 Brent swks traget
06:46:42 duckfan sfarill-Thank you for RKT
06:34:04 sfarrill RKT watch