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Chat Highlights From 6/8/2011

Pacific Time Zone

13:00:47 MKing great job today, wow qwert
13:00:15 Brent great job today guys, have a good night, see you in the morning
12:54:23 MKing How did you guys do today? really started off first few hours really strong in terms of stock picks
12:39:46 MKing some potential on short of FSLR, quickie
12:30:32 Brent you too Lorie, see you tomorrow
12:25:03 Brent good eye elisas on MNTA
12:05:52 Brent takeover chatter RVBD
11:47:36 Brent I will stop last piece under $13.97 on TCB
11:45:39 Brent thx Candelas
11:45:31 Brent reduce means to exit part of your position and take some profits
11:39:32 Brent reduce more TCB
11:33:51 Brent consider reducing TCB if long
11:24:52 Kris see you guys in the morning
11:24:47 Kris great job today everyone
11:24:30 Kris I'll be on for the first couple hours tomorrow morning
11:24:13 Kris if you want to stay short, stop over 79.63
11:23:58 Kris I have to head to the airport
11:23:53 Kris all our ROK short
11:20:54 Brent TCB alert
11:18:07 MKing missed the V and MA spike down and rebound, too fast
10:59:56 Brent take care RD
10:54:31 Kris EYE on the SPY, at today’s low
10:54:04 Kris stop over 80.13
10:53:53 Kris looking for ROK to have a weak bounce here followed by new lows
10:48:53 MKing we should get a good bounce on ADSK
10:42:57 MKing VECO is the gift that keeps on giving today
10:42:29 Kris ROK short
10:34:35 MKing the VRUS bounce probably peaked around that 118.50
10:07:36 Brent I don't care for it Jsn, not much room in it in my opinion
09:49:22 MKing late to see
09:49:19 MKing VRUS turning up
09:42:13 MKing watching ADSK for bottom
09:33:18 MKing anyone short MOS or other ag chemicals?
09:22:47 Kris I'm flat. will continue to scan for new setups
09:22:17 Kris out all ANF short
09:13:41 Brent I use Esignal for charts only topdog, then Lightspeed for trading
09:13:13 Brent there isn't really a quick way captain. I look for areas where the price has bounced off of that my give support or resistance. I also look at moving averages. The best thing I can recommend is getting the book Technical Analysis of the Financial Markets by John Murphy. You will learn a lot about support and resistance as well as other things
09:05:49 Brent my targets are based on support and resistance areas captain101
09:05:42 MKing watching MOS other ag chemicals
08:55:14 Kris I have to run an errand. be back in 30.
08:50:31 Kris ANF still looking weak, have a small piece short still open
08:49:41 Kris I had to focus this morning and wasn't able to answer most questions so please resend now if you need an answer
08:48:55 Kris no I am not in ARIA
08:48:51 Kris hi babak
08:27:17 Kris stop last 1/4 ANF short over 67.37
08:27:06 Kris out another 1/4 ANF short
08:25:43 Brent nice work Arkadiy, see you tomorrow
08:14:30 Kris VRUS coming down to support around 120.00
08:13:50 Kris stop second half ANF over 67.67
08:13:10 Kris out half ANF short
08:07:24 MKing high of day on SP-500
08:03:20 Kris out half COG long
08:03:13 Kris SPy new hod
08:02:41 MKing thanks sfarrill
08:02:18 MKing that’s 3rd one
08:02:13 MKing another short helping here 52.17 on VECO
07:55:10 Kris COG long half
07:50:22 Kris stop second half UAL under 22.57
07:50:03 Kris out half UAL long
07:48:51 Kris see if it can push through
07:48:47 Kris SPY heading for hod
07:47:27 Kris PHK ALERT
07:46:59 Kris looking for UAL to breakout here
07:43:52 Kris SPY consolidating
07:39:48 MKing United States Steel calls active on renewed takeover chatter
07:39:07 MKing ANF shortable here 67.50 area, start smaller than normal
07:35:59 MKing EMN shortable here on top of this bounce
07:32:30 Kris X rumor
07:31:50 Kris ANF short second half
07:31:45 MKing VECO ready to cover 2nd helping short here very soon
07:25:59 MKing you guys got TXN ok, you decide when to sell, I need the space for other charts
07:24:19 MKing if anyone shorted WLT on 2nd helping short, consider covering
07:24:05 MKing yeah really good today junior, we were just commenting on multiple trades on same stocks
07:23:42 Kris out all CE long
07:22:46 Kris watching ULTA here at support, see if it can lose 53.00
07:22:35 Kris out half ULTA short
07:22:15 MKing hey Chrome, you missed most of the trading,
07:21:51 Brent thx Junior
07:21:42 MKing which stock baz?
07:21:04 MKing looking for 2nd helping short in VECO here soon
07:20:41 Brent reduce more IPXL here, next target 21.65 area
07:18:01 Kris ULTA short half position
07:17:06 MKing consider selling remaining long in ESV here 55.38 area
07:16:58 Kris stop second half CE under 46.96
07:16:36 Kris out half CE long
07:15:20 MKing quickie short idea: CBS,
07:15:06 Brent next target 21.40 area on IPXL
07:14:42 Kris NUAN buyout rumor
07:14:38 Kris NUAN ALERT
07:14:09 Brent thx Candelas, consider reducing some IPXL here
07:13:47 Kris watching for a new low in FNSR
07:11:11 MKing should get a quick drop in indexes followed by buying
07:09:59 MKing watch for short on BGC on top of this bounce
07:09:46 MKing consider reducing ESV long position
07:09:08 Kris IPXL nice one
07:08:14 Brent will still watch IPXL for another bounce. Has some support in 20.25 area
07:06:03 MKing watching TXN for bottom
07:05:53 Brent reduce more BIDU here
07:05:11 Kris stop CE below 46.67
07:05:08 Brent next target 21.70 area on IPXL
07:04:47 Kris CE long
07:04:42 Brent consider reducing IPXL
07:04:38 MKing watching for CMI bounce, starting
07:04:33 Brent tighten stop and next target on WPRT is 21.45 area
07:04:09 Brent consider reducing WPRT if long
07:03:29 Kris short half ANF
07:03:09 MKing watching RENN,
07:02:55 Kris UAL long
07:02:53 Brent watching IPXL for a bounce
07:01:07 Kris stop second half ETN over 47.28
07:00:52 Kris out half ETN short
07:00:33 Kris out half DECK short
07:00:21 Brent missed BIDU but consider reducing if long
07:00:11 MKing Odds favor the long side for the next cycle of ideas
06:59:36 MKing market indexes should start bouncing and have a process of bottoming today, starting fairly soon (SP-500, Dow30, Nasdaq)
06:58:41 Kris VRUS starting to come into support
06:58:32 MKing watching GNW for bottom
06:57:48 Brent watching WPRT for a bounce
06:57:35 Kris watching CE for a long
06:57:29 MKing watching ESV for bottom
06:55:38 Kris will watch ULTA for a bounce to short into
06:55:21 Kris out all ULTA short
06:55:20 MKing good place to cover VECO now 51.66 area
06:54:27 Kris watching JDSU for a long
06:52:23 Kris DECK short
06:51:31 Kris watching VRUS for a short
06:51:18 Kris out another 1/4 FNSR short
06:50:08 Brent possible support around $121 on BIDU
06:49:48 Brent watching BIDU for a bounce
06:49:41 MKing Looking for 51.80 area to cover VECO short, be flexible on pricing
06:49:40 Kris ETN short
06:48:52 Kris out another 1/4 ULTA short
06:48:47 MKing consider covering most of short position in WLT, Walter
06:48:32 MKing consider covering any short in COF
06:47:37 Kris out half ULTA short
06:46:42 Kris out half FNSR short
06:44:52 Kris ARIA long half position
06:44:20 MKing VECO toppy
06:43:21 MKing watching for top in COF for potential short, I take my time on COF, takes longer
06:42:59 Kris ULTA short half
06:41:21 Kris you should be out of VRUS pirate. stop over hod.
06:40:45 MKing watching for bottom in MA as well as V, (MasterCard and Visa)
06:40:32 Kris CREE short
06:38:47 MKing WLT toppy, looking for short soon
06:38:01 MKing looking for short on top of the VECO bounce,
06:37:39 Kris SODA long
06:37:11 Kris out all FRO short
06:36:46 Kris COST long
06:36:31 MKing watching V for bottom\
06:36:26 Kris watching V for a long
06:36:10 MKing watching ACOR for bottom
06:36:10 Kris sorry typo, stop FRO over 16.74
06:35:03 Kris stop rest FRO over 19.74
06:34:55 Kris out half FRO short
06:34:04 Kris stop last 1/4 CIEN under 21.17
06:33:53 Kris out another 1/4 CIEN long
06:33:29 Kris stop second half CIEN under 21.16
06:33:10 Kris out half CIEN long
06:32:44 Kris VRUS short
06:31:38 Kris ULTA long over 57.10
06:31:00 Kris FRO short
06:30:46 Kris stop CIEN long under 20.96
06:30:36 Kris CIEN long
06:30:12 Kris FNSR short
06:29:16 Kris 1 Minute. Let's Rock!
06:24:41 Kris ANF earnings "will not be good"
06:22:42 MKing My next fortune said something like "You will get good ideas very soon" and we all laughed and said it must be referring to the Trading Room
06:22:21 Kris FSNR or FNSR EJK?
06:19:55 MKing I took my family to a Chinese restaurant last night after two came in from college. My fortune cookie said "Don't worry about the stock market. Invest in family." My kids asked, "Hey Dad, what does your fortune say?" I said..... "uh... . Let me read here.... Don't worry about family, invest in the stock market."
06:18:36 Kris This morning I'll be watching ULTA, VRUS, QNST, CIEN, WPRT, CDNS, FNSR and UAL
06:18:16 Brent good morning everyone
06:17:51 Kris good morning traders
06:12:55 MKing we are planning on launching our new Trading Room platform on Monday which allows us to do more things like show you any chart from our computers (mine, Kris, or Brent).
06:11:07 MKing Hi guys: premarket futures are down again and the odds of a rebound are starting to get really high. We started to move up yesterday until Bernanke came on air and said we are growing at a slower rate than we could and anticipated continued weakness. Looking for a brief rally that may last 2 or 3 days (or more) but must be treated like the last one which lasted 4-5 days.
13:15:08 diadora Thanks observer, i see what you mean regarding the change of direction. Have a good night.
13:12:35 observer Diadora, I agree, but on the daily, the MACD is slightly up along with the stochastics. Stochastic s actually crossed up today.
13:10:05 yolanda THANKS
13:09:49 yolanda SEE YOU GUYS
13:07:16 diadora Observer perhaps, but they have been over sold for days on the daily, but not on the 3 or 5 minute.
13:04:02 observer We should see a pop of some sort tomorrow.
13:03:49 observer Diadora, my guess is we had a late surge in buying due to stochastics indicating oversold.
13:01:53 diadora Thanks for all the great tips, etc.
13:01:13 diadora I can hardly believe AGQ in the last 15 minutes. Any news?
13:00:44 qwert Goodnight everyone- love this room!
13:00:35 gecko another great day. thanks everyone for your help.
12:59:58 candelas have a great night Mk,Brent and Traders
12:58:21 jjammerp trading was fast early, hard to keep up with. too much for a neophyte like me to handle. Im trying to get faster
12:57:58 qwert Very good day 10 winners 1 loser and still have 2 long swings open
12:57:33 stevemld really good day many more good ideas than I can play
12:55:02 candelas another great day with great ideas
12:54:55 Lightning awesome day today. Thanks
12:47:42 toptrade chbt possible swing
12:34:35 stevemld DECK making new lows
12:30:10 Lorie Have a great afternoon, done for the day
12:24:43 candelas nice call elisas, I pulled up chart 2 late
12:22:42 elisas1234 mnta
12:21:00 truck watching SLW
12:15:07 truck smart man ! Me ,,, I have screen lock !!
12:14:48 candelas silver has been holding up fairly well. slv holding that 35 support
12:13:40 stevemld thnks guys I cant watch that stock just put a stop at breakeven and dont look lol
12:12:43 truck $10 on any shares is a lot !! Smarter than me .Good trade Steve
12:12:33 stevemld will stop last half 97.80
12:11:43 candelas nice Stevemld
12:11:36 stevemld 100 big shares lol
12:11:24 truck Great Steve,,,are you still in ??
12:11:10 ScalpMan Great trade SteveMld
12:10:31 stevemld shorted before 11 AM 106.20
12:09:53 truck good...
12:09:52 candelas glad someone got it
12:09:30 ScalpMan truck, I just got SINA S for 100c
12:09:26 stevemld i am still short SINA half position
12:07:59 truck did anyone get SINA short today??
11:49:32 jc941 thanks!
11:45:17 candelas means take some of profits off the table. Be it 1/4 or 1/2
11:45:09 Lightning jc941, reduce... means to close some of your position.
11:43:31 jc941 when you say reduce tcb that means hold off selling it a little longer?
11:41:40 candelas nice call Brent tcb
11:41:16 stevemld last target ADSK 38.35
11:40:50 candelas I’m out now
11:40:29 truck are you still in Candelas?
11:40:22 candelas nice volatile days
11:39:12 truck looks like I left a lot on the table!
11:37:03 truck Long @ 74.65 ,, which is 200 day support.....
11:35:40 gecko truck how did u trade v?
11:33:39 truck out V 75.65 plus one
11:32:28 stevemld 2nd target ADSK 38.20
11:28:19 stevemld out half DECK S 80.50
11:26:16 truck Will 74.65 hold,,,,, V ?
11:24:43 Lightning Great, you had a terrific day with calls today.
11:24:16 Lightning are you out tomorrow, Kris?
11:20:45 rusty TZOO back near lows
11:10:39 stevemld DECK headed back to lod
11:10:23 stevemld 38 is my 1st target but ADSK is weak might not even do that
11:02:55 stevemld ADSK trying to turn
10:58:34 RD out CMI 97.30 to 96.25. gone for day, traveling tomorrow, catch you Friday. thx and good luck to all.
10:47:45 babak Kris, ROK stop?
10:27:28 stevemld spread on VRUS is ridiculous
10:26:48 rusty RIMM new lows
10:24:31 mhaus SNOFF seems to be having a good run
10:23:24 RD cmi setting up 4 short
10:05:32 babak VECO
10:04:05 rusty VRUS target raised to 202
10:01:11 babak ADSK out 38.54, another small drop in the bucket, Thanks Mitch.
09:59:37 rusty PRGN small bounce
09:57:18 Jsn13 Does VRUS look like bullshort pattern Mitch? If so would it be wise to buy the rebound? i was stopped out twice on VRUS for going long just now...
09:47:12 babak ADSK L 38.45
09:42:28 baz6308 yes sir
09:29:41 baz6308 Mitch you the MAN mos sold 66.62 bot 66.42 ty
09:25:46 Lightning Kris, awesome first few hours...great calls today.
09:24:09 topdogrex thanks Brent
09:14:29 captain101 thanks Brent
09:12:43 topdogrex Brent are using esignal for charts only or for trading, also
09:07:23 captain101 Brent is there some quick way that you are able to identify these areas - trades seem to come thick and fast at the open yet you seem to be on top of most of them...
09:04:46 captain101 Hi Mitch, You do not really cover much on scaling in and out of trades in your wizard training course. What do you recommend for scalping? I notice that Kris and Brent both exit trades (scaling out) but not necessarily in the way that you teach n your course. Are they timing their exits off pivots, support / resistance, profit targets or something else?
09:03:13 Lightning S YOKU 33.15
09:02:52 qwert Watching rcl
08:58:16 rusty LOGM falling
08:56:07 Chromepez SNOFF at HOD
08:49:16 babak Kris, Thanks
08:45:50 Lightning watching TIN to short below 29.25
08:40:59 randall thanks Steve: Poor discipline, but it made a couple bucks!
08:39:29 stevemld god one Randall
08:37:12 randall long bidu 123.13 out 123.74
08:31:58 ScalpMan Quick bounce on VRUS L
08:30:50 truck Kris,,,,there is that weak up , then big down, you are famous for seeing !! ANF,,,,
08:29:27 ScalpMan All out VRUS small profit...
08:22:29 ScalpMan VRUS L @ 118.77
08:21:27 rusty CMTL radar - volume kind of thin though
08:19:43 Arkadiy Made my daily $1,000.00. Got to go to work now :) LOL. Thank you Mitch, Kris, Brent. See you guys tomorrow.
08:19:25 babak Kris, do you have open position in ARIA that you posted earlier?
08:18:12 truck great set ups today !!
08:10:10 ScalpMan All out COG
08:09:39 truck good call CMI ,, sfarrill !
08:04:17 candelas thx Krissy for cog
08:03:39 gecko cog nice one thanks Kris
08:03:30 candelas thx sfarrill for cmi
07:59:16 rusty CSCO new lows
07:59:00 sfarrill CMI
07:58:36 rusty will watch PRGN for panic
07:51:32 truck Scalpman,,,,are you still in ANF ?
07:48:24 truck stopped last half 67.50,,,ANF
07:48:14 rusty TZOO getting a little extended here short term
07:46:43 Arkadiy Kris, good call on VRUS. Thank you
07:46:27 truck out another quarter ANF,,,67.40
07:41:36 truck S ANF 67.70,,,,,,,,out quarter 67.40
07:41:32 baz6308 anf nice sold @67.57 covered 67.3 thank you
07:40:18 ScalpMan ANF S @ 67.74
07:40:07 Terry eght
07:39:13 qwert Kris- target for ANF short?
07:34:37 junior watching MCP for a bounce
07:29:37 mbear the stock bounced off the 102.61 area twice - shows there may be support there to go long
07:26:56 mbear sina double bottom
07:23:39 junior Great calls today TSA!!! fun and profitable morning
07:21:35 junior Great trade Brent, IPXL, good call
07:14:00 krock v
07:13:08 candelas ipxl nice Brent
07:10:34 junior Out all JDSU .42 thanks guys!!!!!
07:07:03 junior out half JDSU long
07:04:36 observer SNOFF hod
07:03:17 rusty TZOO hod
06:57:29 baz6308 deck nice ty
06:57:17 Jsn13 what price r u looking to enter jdsu?
06:56:27 Lightning S ERTS 22.95
06:53:21 toptrade out in 1 min
06:52:50 toptrade vrus quick short
06:48:13 stevemld great call ULTA Kris
06:44:35 junior Out V long thanks guys!!!
06:43:25 junior Out JNPR long good way to start
06:41:06 yolanda ok, I got it.. Thanks gecko
06:39:46 pirate srop on VRUS?
06:39:03 gecko yolanda toppy means opposite of bottom
06:37:59 gecko yolanda meaning bottom of falling stock so you go long when it reaches bottom
06:37:26 yolanda MKing what you means when you say for bottom?
06:37:25 southernky what about vrus
06:34:00 junior watching JNPR
06:28:57 Lightning RIMM in for yet another rocky day it looks like.
06:26:31 EJK Pardon. FNSR
06:26:08 ScalpMan SODA new all-time high on the daily
06:25:41 candelas anf nice chart pattern premarket
06:25:19 ScalpMan ANF dropped 6 and rebound 4 in pre-market
06:25:11 frank1 SODA
06:24:39 swede Those are funny, Mitch. gm everyone
06:24:20 ScalpMan ANF has some news.
06:22:03 ScalpMan ANF
06:21:54 EJK FSNR alert. Dropping like a stone.
06:20:52 aussie123 You rascal
06:20:51 truck Funny !!!
06:20:42 junior Good one Mitch
06:20:28 EJK LOL
06:17:54 junior Good morning...ANF down 8 percent premarket
06:14:28 EJK gm. new trading room sounds great. The missing component is the charts, at least from my perspective.
05:54:18 frank1 I think they will drop the markets -until we agree to raise the debt-2 trill
05:52:37 frank1 miners and metals taking a hit

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