[06:04 am] Mitch K: Mitch King: it’s easier
trading environment this way, not just a one
way trend up or down.
[06:04 am] Mitch K: Mitch King: so when you
get that push and pull, the buyers vs. the
sellers, excellent volatility both ways
occur.
[06:04 am] Mitch K: Mitch King: the trading
signals are more obvious and the movement is
bigger and it tends to be more equal long and
short, so get your food and water at your
desk and get ready
[06:05 am] Mitch K: Mitch King: oh right
lisa, plus its quad expiration today, which I
think occurs 4 times a year
[06:05 am] Mitch K: Mitch King: sorry about
the one comment listed at 716am from kris
everyday, it’s a bug we are trying to resolve
still
[06:18 am] Brent : Brent : good morning
[06:18 am] Kris : Kris : Good Morning
Traders
[06:18 am] Kris : Kris : Sorry about all
comments from Kris. It’s a bug we’re trying
to solve.
[06:19 am] Kris : Kris : Today I’m watching
AWK, JAZZ, NUS, HSY, MCP, BCS, AMTD and RIMM
on the long side.
[06:19 am] Kris : Kris : WBMD, AMRN, NDN, AGP
and PCX on the short side.
[06:29 am] Kris : Kris : 1 minute. Time To
Rock! Let’s Make Some Money!
[06:30 am] Kris : Kris : RIMM long half
[06:31 am] Kris : Kris : TEVA long half
[06:32 am] Kris : Kris : VMED long half
[06:34 am] Kris : Kris : NTAP long half
[06:34 am] Mitch K: Mitch King: looking for
short in PCAR
[06:35 am] Mitch K: Mitch King: UA topping
out, consider short soon
[06:35 am] Mitch K: Mitch King: watching for
top in TGT for short
[06:36 am] Mitch K: Mitch King: consider
short in CBE
[06:37 am] Kris : Kris : long second half
RIMM
[06:38 am] Kris : Kris : if you got JAZZ long
on the open, look to start taking profit
soon
[06:38 am] Kris : Kris : looking for a new
hod in RIMM
[06:39 am] Brent : Brent : watching SGEN for
a bounce
[06:39 am] Kris : Kris : watching NFLX for a
bounce
[06:40 am] Kris : Kris : out half RIMM
long
[06:40 am] Mitch K: Mitch King: monitoring
OPEN for a bottom for potential long
[06:41 am] Brent : Brent : watching FDO for a
short
[06:41 am] Kris : Kris : SPY trying to push
new highs
[06:42 am] Mitch K: Mitch King: JAZZ turning
over, consider short
[06:43 am] Kris : Kris : SPY still holding
lower trendline support, buyers coming back
again here.
[06:43 am] Mitch K: Mitch King: watching FDO
for potential short
[06:44 am] Kris : Kris : will watch BBBY for
a pullback to take long.
[06:44 am] Mitch K: Mitch King: watching FSLR
for potential long
[06:45 am] Kris : Kris : NEM long half
[06:45 am] Kris : Kris : watching JKS for a
long
[06:46 am] Kris : Kris : long second half
NTAP
[06:46 am] Kris : Kris : RIMM pushing new
hod[06:46 am] Mitch K: Mitch King: consider
selling the long in OPEN
[06:47 am] Kris : Kris : gonna try and sit on
this last 1/4 of RIMM
[06:47 am] Kris : Kris : out another 1/4 RIMM
long
[06:48 am] Mitch K: Mitch King: consider
reducing FSLR
[06:48 am] Mitch K: Mitch King: new low on
TSPT short
[06:50 am] Mitch K: Mitch King: consider
reducing or covering short in JAZZ
[06:51 am] Kris : Kris : pulling back into
this trendline support again.
[06:51 am] Kris : Kris : SPY resistance will
be around 122.00
[06:51 am] Mitch K: Mitch King: lower low in
JAZZ, more selling
[06:51 am] Mitch K: Mitch King: PCAR is a
stock that can keep drifting down down
down[06:52 am] Kris : Kris : HSY long half
[06:52 am] Mitch K: Mitch King: consider
selling FSLR
[06:53 am] Kris : Kris : watching JAZZ for
another long
[06:54 am] Brent : Brent : consider reducing
SGEN
[06:54 am] Kris : Kris : NFLX breaking down
again
[06:55 am] Kris : Kris : RIMM new hod[06:55
am] Mitch K: Mitch King: considering IT as a
short , late to see but still good
[06:56 am] Mitch K: Mitch King: consider
covering PCAR
[06:56 am] Mitch K: Mitch King: consider
reducing UA short here 78.25 area
[06:57 am] Kris : Kris : RAX long half
[06:58 am] Mitch K: Mitch King: just realized
all the charts i have been showing are not
projecting
[06:59 am] Brent : Brent : TYC alert
[06:59 am] Mitch K: Mitch King: Consider
close PCAR short
06:59 am] Mitch K: Mitch King: probable top
in RIMM
[07:00 am] Mitch K: Mitch King: consider
covering UA
[07:00 am] Mitch K: Mitch King: TYC alert,
[07:00 am] Mitch K: Mitch King: TYC not ready
to short, looks strong
[07:01 am] Kris : Kris : NEM new hod[07:01
am] Kris : Kris : RIMM holding up, looking
like it wants to make new highs
[07:01 am] Mitch K: Mitch King: AGP top,
consider short
[07:02 am] Mitch K: Mitch King: hope you
covered UA, its trying to bounce
[07:03 am] Mitch K: Mitch King: AGP still
good short, looking for 41.50 area
[07:04 am] Kris : Kris : nice call shark
[07:04 am] Mitch K: Mitch King: that last
comment was not to enter new short but hold
short open if short
[07:05 am] Mitch K: Mitch King: don’t
remember if I posted CXO short but consider
covering half if I did post
[07:05 am] Mitch K: Mitch King: new low on
FSLR
[07:06 am] Kris : Kris : 37.87 shailan.
[07:07 am] Mitch K: Mitch King: watching RIC,
not ready to short, just watching
[07:08 am] Mitch K: Mitch King: losing
patience with IT short, consider covering
unless you have patience like Job or Noah
[07:09 am] Mitch K: Mitch King: might be a
little early to short TYC still, no signal
for top yet
[07:09 am] Mitch K: Mitch King: should get a
top in TYC soon
[07:10 am] Mitch K: Mitch King: I don’t like
RIC for short or long, taking off screen
[07:11 am] Kris : Kris : XLNX long half
[07:11 am] Mitch K: Mitch King: a small one
bounce in PCAR
[07:11 am] Mitch K: Mitch King: DLLR turned
over,
[07:11 am] Mitch K: Mitch King: looking for
bounce in PCAR
[07:11 am] Mitch K: Mitch King: watching WCRX
move up
[07:12 am] Kris : Kris : gonna test 122
[07:12 am] Kris : Kris : SPY moving up
hard
[07:12 am] Mitch K: Mitch King: no confirmed
top in TYC on the 1, 2 or 3 min chart yet
[07:14 am] Mitch K: Mitch King: I cannot use
the projector
[07:14 am] Mitch K: Mitch King: looking for
more drop in DLLR
[07:14 am] Mitch K: Mitch King: top in
WCRX
[07:16 am] Brent : Brent : watching GR for a
short
[07:16 am] Mitch K: Mitch King: getting top
in TYC
[07:17 am] Mitch K: Mitch King: watching COL
move up
[07:18 am] Kris : Kris : see if we get a
higher low here on this pullback.
[07:18 am] Kris : Kris : SPY putting in
double top
[07:19 am] Mitch K: Mitch King: DLLR short
over, consider covering
[07:20 am] Kris : Kris : NFLX at lod[07:20
am] Mitch K: Mitch King: looking for about
15.70 area for WCRX to cover
[07:24 am] Brent : Brent : consider reducing
GR if short. Next target 88.50 area
[07:24 am] Mitch K: Mitch King: COL toppy
[07:26 am] Kris : Kris : watch RIMM for new
hod[07:30 am] Mitch K: Mitch King: consider
reducing TYC short
[07:31 am] Mitch K: Mitch King: COL short
going to be slow-mo[07:33 am] Mitch K: Mitch
King: watching ITRI
[07:34 am] Mitch K: Mitch King: really late
to see GR short, really need over $89 to
short
[07:36 am] Mitch K: Mitch King: forget V, not
good enough
[07:36 am] Mitch K: Mitch King: looking for
quick short in V, Visa, quickie
[07:39 am] Brent : Brent : reduce more GR
here and/or tighten stop
[07:44 am] Mitch K: Mitch King: I got to
reset computer
[07:52 am] Kris : Kris : RIMM breaking out
again
[07:52 am] Kris : Kris : still have 1/4
position long
[07:54 am] Mitch K: Mitch King: let’s do a
little review, ok?
[07:55 am] Mitch K: Mitch King: most of what
i was interested in today was shorts so let’s
go through a few, here is IT
[07:56 am] Mitch K: Mitch King: I mentioned
was going to be a slower moving one. what i
do on something like this is if it is really
slow moving and I see a bunch of other
stocks, I tend to rotate into them BUT not a
great idea for you until you are proficient
at scalping. Chasing isn’t a good strategy
most of the time
[07:57 am] Mitch K: Mitch King: it didn’t
even work out here, continued to dribble
down. i think that was the word i was using
earlier on this,
[07:57 am] Mitch K: Mitch King: V was the one
I posted and then about 10 seconds later
changed my mind after seeing 2 things, 1) not
a lot of potential profit
[07:58 am] Mitch K: Mitch King: 2) I was
early and thought some of you won’t make
money
[07:59 am] Mitch K: Mitch King: but my reason
for showing this is because i was looking for
a short on the bounce…… most of you know
what that means but it means to look for a
bounce that fizzles out and if it moved up
enough, you can make money on the short
[08:02 am] Mitch K: Mitch King: TYC, TYco, i
mentioned in here on the blue area that the
1, 2, 3 min charts still had not confirmed a
top yet, so you don’t short it until then.
sounds obvious but just because we post a
chart on the screen here, DOES NOT mean it is
ready to do anything
[08:02 am] Mitch K: Mitch King:
understand?
[08:04 am] Mitch K: Mitch King: now TYC is a
tough stock to trade when it is moving a lot
with volume and probably had some sort of
news. you have to be =nimble on these hot
ones. if you are new to trading, and if we
say something like Expert trade or advanced
trade, please don’t trade those.. although we
didn’t say that on TYC
[08:06 am] Mitch K: Mitch King: DLLR, this
one was a trade we captured the profit on the
first drop and i think I mentioned something
like that to consider covering
[08:07 am] Mitch K: Mitch King: then it
obviously went down after a little bounce.
but your responsibility is to continue
tracking these stocks for further trades. We
are not able to follow up on repeated trades
on all ideas.
[08:08 am] Mitch K: Mitch King: there are 5
of us full time scanning for ideas for you.
our main responsibility as I see it, is to
give you as many high quality ideas as
possible. BUT your responsibility is to
learn how to handle them proficiently so you
aren’t
[08:09 am] Mitch K: Mitch King: aren’t having
to be told play by play what to do. you got
to learn how to think on your own, which is
my underlying approach to teaching you
[08:11 am] Mitch K: Mitch King: GR, Goodrich,
I saw late. later on I saw that Brent had
posted a minute earlier. but when I posted,
I thought there was more downside, which
there was another 70 cents or so
[08:11 am] Mitch K: Mitch King: in fact, GR
is a good short here for 2nd helping short
[08:11 am] Mitch K: Mitch King: so you get
the short on GR, and you look for the long
but the long has to be smaller size, then you
look for a 3rd trade on it which is a
short
[08:14 am] Mitch K: Mitch King: FSLR was a
quickie long right here
[08:14 am] Mitch K: Mitch King: JAZZ, this
one was one i might have been thinking could
really drop but was happy to get below $44 to
cover. now what you do with many of these
shorts we are having the last few weeks, is
cover maybe half and hold the other half to
see how much this goes down. also continue
to monitor, the lower it goes, the more
chance you get a higher profitable long trade
that follows the short
[08:15 am] Mitch K: Mitch King: i
accidentally exited projector just a sec
[08:17 am] Mitch K: Mitch King: give me 3
min
[08:17 am] Mitch K: Mitch King: i got to exit
this trading room. here is why I am having
problems … i have many programs and apps
going, 3 or 4 are flash and they are
conflicting, so let me close some. even with
32gb of memory still have conflicts
[08:25 am] Mitch K: Mitch King: FSLR, that
was the quickie long. so make sure you don’t
wait until someone says to get out, you have
to learn how to read these charts and make
that decision, ok?
[08:26 am] Mitch K: Mitch King: just a sec,
loading another program, lol[08:28 am] Mitch
K: Mitch King: ok once in a while, when i
feel really strong about something, i will
post the general idea of what I’m looking for
in the market. it won’t be everyday because
sometimes i think it hurts you to have
pre-conditioned thoughts. I know I did that
once last week and I was really wrong at
first, and then later was correct but in
meantime, some of you newer traders it might
have messed you up
[08:29 am] Mitch K: Mitch King: but the old
saying, Trade what you see, not what you want
it to be
[08:30 am] Mitch K: Mitch King: here is the
SP500 etfm, called the SPY, and it shows you
we started down, moved up to plus side, and
then down again, and that is what i meant
early in the premarket hours that this is
ideal scenario to make the most money with
many stocks. that’s why I think we saw so
many ideas
[08:30 am] Mitch K: Mitch King: ok next
stock, PCAR
[08:30 am] Mitch K: Mitch King: what stock
chart does this look like? you got 5 seconds
to answer
[08:31 am] Mitch K: Mitch King: come on guys,
chart pattern, which stock
[08:31 am] Mitch K: Mitch King: I’ve already
talked about it
[08:32 am] Mitch K: Mitch King: I meant which
chart pattern does PCAR look like
[08:32 am] Mitch K: Mitch King: right, it was
JAZZ
[08:33 am] Mitch K: Mitch King: so PCAR did
same as JAZZ and many stocks are acting like
this for weeks and weeks
[08:34 am] Mitch K: Mitch King: handle it
same way I suggested in JAZZ, see post below.
cover half at some point you think it will
bounce, keep half for possible further drop.
OR for advanced traders, re-enter short again
after the bounce fails right here in blue
circle
[08:35 am] Mitch K: Mitch King: watching GMCR
for short on top of the bounce
[08:36 am] Mitch K: Mitch King: so this one,
you see that big fast accelerating drop
here?
[08:36 am] Mitch K: Mitch King: UA,
Underwear, I mean Armor
[08:38 am] Mitch K: Mitch King: take that
profit on the first drop, don’t stress out if
you get out too early or you leave money on
the table. that’s the nature of this
process, you are trying to get most of it,
don’t get hung up on it, just get over it,
around it, that you could have , would have,
should have made more money, that’s all
destructive thinking
[08:38 am] Mitch K: Mitch King: then again,
as you get better and more proficient as a
scalper, you look for a 2nd helping short or
place to re-enter short
[08:39 am] Mitch K: Mitch King: 2nd
helping
[08:40 am] Mitch K: Mitch King: hope that
helps you guys
[08:41 am] Mitch K: Mitch King: we are going
to go through this Sept 22nd, next THursday
through SUnday, i think 18 hours of teaching,
you will have access to video archives in
24-48 hours after each session to review for
90 days
[08:41 am] Mitch K: Mitch King: you can do
this! Its more mental control than
technical. the technical is the early phase
learning, then soon after that, it’s the
thoughts, emotions
[08:42 am] Mitch K: Mitch King: so if you
can’t make some of the live sessions, you can
review and watch again
[08:43 am] Mitch K: Mitch King: Hey one more
thing, we really enjoy helping you, you guys
are some really fine people, i get a lot of
your emails.
[08:45 am] Brent : Brent : we will have a
Q&A session after each topic for live
questions
[08:54 am] Mitch K: Mitch King: watching this
SPG for possible short,
[08:55 am] Mitch K: Mitch King: monitoring
IDCC for long bounce
[08:55 am] Mitch K: Mitch King: these are all
slower moving
[09:01 am] Kris : Kris : COL ALERT
[09:08 am] Kris : Kris : watch the SPY to
move higher over last resistance soon.
[09:28 am] Mitch K: Mitch King: no signal yet
to cover COL but probably one soon here
[09:32 am] Mitch K: Mitch King: at the
moment, indicators still pointing down on COL
but i would think there is a bounce somewhere
around 55.50 area if it drops pretty much
straight to there
[09:42 am] Mitch K: Mitch King: now what you
do with COL is monitor for another short BUT
the smart thing to do is see if it makes a
hew nigh above 57.63. if it fails and turns
over, usually worth a smaller position
short
[09:48 am] Mitch K: Mitch King: hey
swingtrader. you see the turn in COL moving
up? you can buy that long but when you
posted at 9:29am pacific time, stock was
around 56.45 and indicators still were
pointing down. it’s too late now to go long,
getting closer to a short
[09:48 am] Mitch K: Mitch King: the blue mark
is where you were asking if ready to go long
COL
[09:52 am] Mitch K: Mitch King: probably
going to get a short in COL soon, just a
hunch. I don’t think it will look like GR
chart
[10:05 am] Mitch K: Mitch King: COL is an
early sell signal but when it consolidates
like it did there and it has been a real
bullish stock, you can hold most or part of
your long to see if it breaks out on the
upside, like it’s doing now
[10:05 am] Mitch K: Mitch King: doji, when
you said you were not convinced in COL yet,
did you mean you weren’t convinced it was
done going up?
[10:05 am] Mitch K: Mitch King: try to
clarify that in one sentence when you guys
post so people know what you are saying
[10:16 am] Kris : Kris : NFLX another move
down
[10:23 am] Mitch K: Mitch King: looks like GR
turning up, real strong today
[10:24 am] Mitch K: Mitch King: COL still
looks bullish
[10:31 am] Mitch K: Mitch King: hey guys,
gone for 1 hour
[10:36 am] Kris : Kris : TZA testing
hod[10:43 am] Kris : Kris : we might see some
lower lows coming into the close with people
not wanting to take stocks home over the
weekend.
[10:44 am] Kris : Kris : just something to
keep your eye on.
[11:28 am] Brent : Brent : good one
Lightning
[11:44 am] Mitch K: Mitch King: back now, how
did you guys do with COL or GR?
[11:50 am] Mitch K: Mitch King: no buy signal
yet on COL but the next buy should also be a
decent long scalp entry
[11:51 am] Mitch K: Mitch King: I’d be
looking for a 1% scalp on the long side with
COL, maybe 50-80 cents potential
[11:53 am] Mitch K: Mitch King: should get a
bounce soon in COL
[11:55 am] Mitch K: Mitch King: post your
entry prices on COL
[11:55 am] Mitch K: Mitch King: there is the
buy signal with COL
[11:56 am] Mitch K: Mitch King: my guess is
we are looking for 56.60 area
[11:57 am] Kris : Kris : break time. be back
in 30.
[11:58 am] Mitch K: Mitch King: you guys want
to use limit orders on your trading, not jump
in at market price
[12:02 pm] Mitch K: Mitch King: COL not
acting well,
[12:06 pm] Mitch K: Mitch King: that blue
line area is typically a stop loss area when
stock makes new lows, lower than what the
price was before we bought it long. then
when you stop out, don’t go to the kitchen
frustrated, you watch for a signal to buy at
a lower price
[12:07 pm] Mitch K: Mitch King: ok, there’s a
stronger signal on COL start monitoring GR
[12:07 pm] Mitch K: Mitch King: ok, there’s a
stronger signal on COL
[12:09 pm] Brent : Brent : SPY testing
trendline support
[12:13 pm] Mitch K: Mitch King: COL turning
up
[12:13 pm] Mitch K: Mitch King: watching
EXEL
[12:15 pm] Mitch K: Mitch King: I don’t think
there will be a short on the top of this
bounce, hunch
[12:15 pm] Mitch K: Mitch King: RUMOR: EXEL
drops on clinical trial speculation
[12:16 pm] Mitch K: Mitch King: consider
selling EXEL long, at least most of it
[12:22 pm] Mitch K: Mitch King: RAH alert
[12:25 pm] Brent : Brent : sweet one
Mitcho[12:25 pm] Mitch K: Mitch King: RAH
should have a short on the top of the
bounce
[12:25 pm] Mitch K: Mitch King: this is not
for new traders, the RAH trade
[12:26 pm] Mitch K: Mitch King: don’t be in a
hurry to short RAH, I wouldn’t for quite a
while if at all
[12:28 pm] Mitch K: Mitch King: very often
these rumors are spread on a regular basis
after people create short positions and they
use the rumor to cover the shorts and go
long. wherever there is a lot of money to be
made, there are some bad people
[12:29 pm] Mitch K: Mitch King: now you see
this pullback in RAH? the odds are terrible
to try to buy this pullback.
[12:32 pm] Mitch K: Mitch King: and don’t get
too particular about trying to squeeze every
penny of profit out of it
[12:32 pm] Mitch K: Mitch King: cover your
RAH short on this drop
[12:33 pm] Mitch K: Mitch King: consider
covering half of RAH short
[12:33 pm] Mitch K: Mitch King: id cover all
of RAH short
[12:35 pm] Mitch K: Mitch King: ok, RAH is
over now, don’t keep playing with it
[12:38 pm] Mitch K: Mitch King: IDCC not a
bad idea for a short EYES
[12:38 pm] Mitch K: Mitch King: it’s over
[12:38 pm] Mitch K: Mitch King: you guys
aren’t playing with RAH are you?
[12:39 pm] Mitch K: Mitch King: also don’t be
trading EXEL now, hold on to your profits
[12:51 pm] Mitch K: Mitch King: did you guys
have fun today or what?
[12:52 pm] Mitch K: Mitch King: on really
good days I say to myself “That was so fun,
it should be illegal . . . . it probably
is”
[12:57 pm] Mitch K: Mitch King: you all have
a great weekend
[12:58 pm] Brent : Brent : have a great
weekend, see you Monday
[12:59 pm] Kris : Kris : Good Night Everyone.
Have an awesome weekend and I’ll see you all
back here Monday morning!
[06:27 am] swingtrader : mike watch rimm
ripping up
[06:28 am] joeytsa : texas instruments hiked
dividend 31%
[06:28 am] joeytsa : general dynamics win
$2B navy contract
[06:30 am] mikewd2 -: go RIMM
[06:30 am] joeytsa : big spread in DMND, be
careful
[06:31 am] swingtrader : go rimm go
rimm[06:33 am] swingtrader : mike what your
price target on rimm[06:33 am] shark : NFLX
SHORT CONTINUES
[06:34 am] mikewd2 -: nice profit
[06:34 am] mikewd2 -: i got stopped 22.95
[06:35 am] mikewd2 -: will buy back lower
[06:35 am] doji : Aggg stopped RIMM
[06:36 am] cowboyh : mcp[06:37 am] joeytsa
: wild swings in the momentum stocks
[06:38 am] joeytsa : SINA lod[06:40 am]
garyb : Go RIMM!
[06:40 am] doji : RIMM needs to break 23
[06:41 am] joeytsa : AGP hod..ways to go to
hit prev close gap
[06:41 am] terry : sgen dowgrade,target
price 10.00
[06:43 am] joeytsa : out CBE short, out SINA
short
[06:43 am] garyb : Out of rimm too
[06:43 am] doji : Yeap no too much potential
upside
[06:43 am] doji : Recovered losses
[06:43 am] doji : All out RIMM
[06:43 am] anthonyb : I’m having a morning
like Joey did yesterday. Just minus a zero
lol[06:44 am] joeytsa : ok $$
[06:44 am] joeytsa : not sure why i wasn’t
watching NFLX…good job whoever got that
short
[06:45 am] shark : thx
[06:45 am] rusty :
http://my.jetscreenshot.com/demo/20110916-nwq
s-152kb.jpg SPY
[06:45 am] joeytsa : U of M report in 10
minutes, watch positions
[06:46 am] rth7325 : Beautiful Call on RIMM
Kris
[06:46 am] joeytsa : great call on OPEN
Mitch !!
[06:46 am] joeytsa : BIDU going for
hod[06:49 am] swingtrader : loving my tspt
thank you mitch awesome call
[06:49 am] doji : All out FSLR
[06:50 am] joeytsa : the ES just hit 1212
[06:50 am] joeytsa : AAPL moving
[06:51 am] swingtrader : watching UA
[06:51 am] shark : AAPL hod[06:51 am]
joeytsa : DMND hod[06:52 am] swingtrader :
Mitch where the resistance for TSPT
[06:52 am] rawdawg6914 : thanks
[06:52 am] rawdawg6914 : out rimm +.50
[06:52 am] joeytsa : nice dawg[06:52 am]
joeytsa : couldn’t pull off the short, but
got some of the long
[06:52 am] garyb : nice rawdawg!
[06:53 am] joeytsa : some great calls this
morning !!!
[06:54 am] shark : come back down to earth
NFLX
[06:54 am] mikewd2 -: fall NFLX fall
[06:54 am] joeytsa : 1 minute, be careful
[06:55 am] joeytsa : 57.8 U of M
[06:55 am] joeytsa : 57.3 was
forecast…still a low number
[06:55 am] shark : added to my short 2 min
ago
[06:55 am] mikewd2 -: finally wised up and
shorted NFLX
[06:56 am] rawdawg6914 : I’m kicking myself
for selling rimm now
[06:56 am] randall : dmnd rolling
[06:56 am] doji : RIMM L 23.62 again…
loving it!
[06:56 am] anthonyb : look away
rawdawg[06:57 am] rawdawg6914 : i sold at
.50+ and i coulda got a dollar
[06:57 am] randall : dmnd toppy
[06:57 am] joeytsa : cramer just called NVDA
to 20 🙂
[06:59 am] swingtrader : nice call Mitch on
UA
[06:59 am] rth7325 : TYC ALERT
[06:59 am] mhaus : TYC
[06:59 am] joeytsa : nice mhaus[07:00 am]
shark : AAPL -close to$400/share -see if
stalls here
[07:00 am] rusty : TYC moving up fast
[07:02 am] neuronx : tyc turning
[07:03 am] swingtrader : took tyc fast
pop
[07:03 am] swingtrader : covered UA awesome
love it
[07:03 am] mhaus : GR
[07:03 am] doji : Who called for BBY
Short?
[07:03 am] doji : Thanks!
[07:03 am] derns : Doji…I didn’t call BBY
short, but I am…i think Kris referred to
BBBY
[07:04 am] swingtrader : cover TYC
[07:04 am] shailan : kris, what is your stop
on NTAP?
[07:04 am] doji : RIMM falling
[07:05 am] shark : SPY lod[07:05 am] rusty
: YOKU lod[07:06 am] shailan : thank you
[07:06 am] randall : shorted tyc 44.45
covered 43.80
[07:06 am] mhaus : COL
[07:06 am] joeytsa : nice randall[07:07 am]
randall : thanks; went in small
[07:07 am] doji : Did you cover TSPT
Swingy?
[07:08 am] swingtrader : i like ric[07:08
am] rusty : GLD metals hod[07:08 am] reacher
: OK, I’m 0 for 3 this morning. Got to know
when to fold ’em. Later everyone.
[07:09 am] lisas : bye reacher, good
discipline
[07:09 am] joeytsa : don’t get discouraged
reacher[07:10 am] swingtrader : mitch if is
ok can you post the chart of tyc[07:10 am]
rusty : AZO new all time highs
[07:10 am] rawdawg6914 : nice uptrend in
nvda[07:10 am] joeytsa : TYC double top on
lower vol, indys[07:11 am] rusty : yup and a
perpetual buyback machine
[07:11 am] mhaus : SNDK
[07:11 am] joeytsa : AZO has been a
monster..not the highest volume
[07:11 am] joeytsa : AMZN hod[07:13 am]
mikewd2 -: never know if analyst are pumping
RIMM, just to get the price up a bit to
dump
[07:13 am] joeytsa : very good
anthony..doing good on this end too
[07:13 am] joeytsa : analysts job isn’t to
tell you the truth, its to get you to like
the stock
[07:13 am] anthonyb : I’m 5 for 6 this
morning. good way to finish the week
[07:14 am] swingtrader : wow that nice Mitch
i see the chart looks
[07:14 am] rusty : ARMH removed from GS
conviction buy list
[07:14 am] joeytsa : TYC hod[07:14 am]
joeytsa : interesting rusty
[07:14 am] doji : We can see SPY now
Mitch
[07:15 am] swingtrader : good
[07:15 am] shark : AAPL hod[07:15 am]
rawdawg6914 : nvda new hod[07:15 am] joeytsa
: gotta love the programmed cramericans for
NVDA
[07:16 am] shark : NFLX new lod – YEAH
[07:16 am] shark : game on!
[07:16 am] qwert : mitch thoughts on IT
short
[07:16 am] Kris : he said 20 doji[07:16 am]
joeytsa : the key is to game them
[07:16 am] doji : What Crammer said about
NVDA Joey?
[07:17 am] shark : in the future
[07:17 am] rawdawg6914 : is that 20$ today
or someday in the future?
[07:17 am] Kris : his sell order is at
19.97
[07:17 am] Kris : and so it will be done
[07:17 am] joeytsa : if it takes 10 yrs he
will still say he told us so 🙂
[07:17 am] joeytsa : he said it would go to
$20
[07:17 am] joeytsa : he rocked AAPL, GOOG
🙂
[07:17 am] doji : So Crammer moved NVDA
today ah
[07:18 am] shark : AAPL hitting resistance
at psychological $400
[07:18 am] rawdawg6914 : i got in for 100 at
15.86 i was just wondering if i should add to
it or hold there
[07:18 am] Mitch K: hey qwert, i think i
posted was losing interest in IT, or
something like that
[07:18 am] Kris : lol[07:18 am] joeytsa :
dawg…you 1st have to determine if you are
making a daytrade or a swing/hold play
[07:18 am] joeytsa : BIDU using the prev
close as support?
[07:18 am] doji : in NVDA
[07:18 am] doji : I’ll have my Short order
ready
[07:19 am] swingtrader : wow nice move up
[07:19 am] swingtrader : didn’t catch col
[07:19 am] qwert : oh i didn’t see that
thanks mitch[07:19 am] doji : If we get a
higher low in SPY, does it mean that the odds
the SPY will go above the resistance are high
Kris?
[07:20 am] Kris : I like the pattern for a
new high doji[07:20 am] joeytsa : closing
GR…toppy
[07:20 am] doji : Thanks Kris!
[07:21 am] mikewd2 -: i shorted at 89.56
[07:21 am] joeytsa : yeah
[07:21 am] Brent : were you long GR Joey?
[07:22 am] joeytsa : my toes are fine 🙂
[07:22 am] joeytsa : got in at 88.25
[07:22 am] joeytsa : a little late
[07:22 am] Brent : I didn’t catch that, I
didn’t mean to step on your toes posting a
short call. Sorry
[07:23 am] joeytsa : i agreed with your
short call
[07:23 am] joeytsa : and i trade barefoot
[07:23 am] Brent : yeah I know. I’m casting
over Joey’s line
[07:24 am] mikewd2 -: good pick Brent, riding
my stop down
[07:24 am] joeytsa : good call Brent..missed
it, had eyes on my other computer trade
[07:24 am] garyb : eyes…when I do that I
step back….go for a brief walk…relax..and
start again
[07:24 am] eyes-inthenow : WHY o WHY am I
always Picking Losers
[07:24 am] doji : SPY falling hard
[07:24 am] apple : eyes, just be a lot more
choosey…
[07:25 am] rusty : MELA radar
[07:25 am] joeytsa : COL with the
headfake[07:26 am] joeytsa : ITRI alert
[07:26 am] doji : Spy double bottom?
[07:27 am] joeytsa : DMND tight range, just
broke support
[07:27 am] doji : SPY lod[07:27 am] doji :
Now falling SPY
[07:28 am] eyes-inthenow : I thought I was
FDO TGT TYC
[07:29 am] rusty : BKX lod[07:29 am] garyb
: keeping an eye on TNA
[07:31 am] doji : Raw, how was your trade
today?
[07:32 am] swingtrader : Mitch is col good
entry here ?
[07:32 am] Mitch K: right derns, normal
[07:32 am] eyes-inthenow : Mitch is it to
late to short COL
[07:32 am] derns : Seems like a lot of
stocks went into slow motion starting a 10-15
mins ago
[07:33 am] rusty :
http://my.jetscreenshot.com/demo/20110916-bq0
5-102kb.jpg VIX
[07:33 am] doji : I wouldn’t S COL here
based on my stochastics[07:33 am] derns : I
need to adjust my view..after the July/August
fast moving markets
[07:33 am] anthonyb : TZA
[07:34 am] mikewd2 -: garyb you looking at
TNA
[07:35 am] Mitch K: COL is a slow moving
stock, i don’t think you will have the
patience for COL eyes,
[07:35 am] mikewd2 -: thanks Brent
[07:35 am] mikewd2 -: just closed GR short,
+1.00
[07:36 am] trvlntrdr : mitch thanks for your
guidance today as always
[07:36 am] swingtrader : thank you I have
learn to be petion I think is one of your
teachings lol is hard but!!!
[07:37 am] mikewd2 -: TNA l 45.55
[07:37 am] garyb : sounds like a good deal
Mike!
[07:37 am] eyes-inthenow : you give me a
good Stop And I will
[07:38 am] mikewd2 -: 45.4
[07:42 am] doji : post 7:38AM
[07:38 am] swingtrader : Doji Now on Col
[07:38 am] mikewd2 -: we may be early
[07:38 am] garyb : it’s meandering around
the open
[07:38 am] garyb : i’m in too
[07:38 am] anthonyb : where’s your stop
mikewd?
[07:39 am] shark : it’s below the open
garyb[07:39 am] shark : it’s at yesterday’s
close
[07:39 am] mikewd2 -: moving it up
[07:39 am] mikewd2 -: as it goes up
[07:39 am] doji : Not in TNA, I still see
sellers in the market
[07:39 am] derns : Mikewd2…NICE pick on
TNA! How did you pick 45.55?
[07:40 am] shark : thk you rusty
[07:40 am] rusty : DMND radar – getting
overbought
[07:40 am] mikewd2 -: OBV jumped up some, %r
up
[07:40 am] mikewd2 -: and i got a cross in
stochastics[07:40 am] garyb : There we go
Mike!
[07:40 am] derns : got it.
[07:41 am] mikewd2 -: need some big wins, got
smoked on NFLX long – miss placed a stop
[07:41 am] doji : Mine how did you get 45.4
in TNA?
[07:42 am] swingtrader : col to strong good
eye dogi on the scho[07:42 am] shark : it
went on sale doji[07:42 am] mikewd2 -: that
was a stop
[07:42 am] mikewd2 -: as i moved up
[07:42 am] mikewd2 -: 45.55 buy price
[07:42 am] garyb : doji are you in TNA?
[07:42 am] doji : No Garyb[07:42 am] doji :
ah Ok, sorry man
[07:43 am] swingtrader : I am still in TSPT
working well as back up ..
[07:43 am] shark : testing lod – NFLX
[07:43 am] shark : NFLX coming back, new run
down
[07:43 am] doji : you see hoe SPY is
dropping again
[07:43 am] doji : and the market is still
weak
[07:43 am] doji : although stochastics
signaled a buy entry. however I trade the
market first before stocks
[07:43 am] anthonyb : double top in TYC?
[07:44 am] swingtrader : yeah is dropping,
Doji let me ask you how do you see the
sellers and buyer.. do you use level 2
[07:44 am] storage : is any one still short
tspt[07:44 am] mikewd2 -: wow, got stopped
with only 20 cent gain
[07:44 am] mikewd2 -: bummer
[07:44 am] garyb : headfake[07:44 am] doji
: to new lod in SPY
[07:44 am] doji : I trade market first
before stocks
[07:45 am] shark : OK MITCH
[07:45 am] doji : Yes
[07:45 am] doji : Ann also in my account
with TDA I can see the number of stocks
getting high and lows
[07:46 am] swingtrader : nice .. I like to
use it I also like using NASDAQ.com they have
what they call total view is fantastic
[07:46 am] rusty :
http://finviz.com/map.ashx
[07:46 am] doji : The info was in my acc
with TDA but never put attention on that!
[07:46 am] doji : That is something I
learned from Kris yesterday
[07:46 am] doji : And the lows have been
increasing since the market reversed at
10:15AM ET
[07:46 am] anthonyb : NVDA back down to
support
[07:48 am] doji : Thanks Rusty, I used Finvz
for scanning
[07:49 am] swingtrader : rusty there is TGT
in Finviz top one in the center i think mitch
called it this morning
[07:49 am] randall : tyc trading higher
[07:49 am] mikewd2 -: garyb, how are you
trading the stop on TNA – trailing stop
0.25?
[07:50 am] rusty : this one good too
http://finviz.com/bubbles/bubbles.ashx
[07:50 am] garyb : well I just sold half to
cut losses down as I had a big
position…waiting for upward motion to buy
again
[07:51 am] shark : NEWS – NEW WORRIES OVER
EUROPE pulling market down near european
close
[07:51 am] mikewd2 -: it hit 46 and then stop
retracted a 0.25 so i got 45.75
[07:51 am] mikewd2 -: i’m just moving in.out
with 500 shares
[07:51 am] mikewd2 -: i won’t go big in the
environment
[07:51 am] garyb : Yeh..I did that but
accumulated too many
[07:51 am] garyb : market is down today
obviously….TZA would have been the better
choice
[07:51 am] doji : I use that share size with
TNA/TZA Mike
[07:51 am] doji : with 0.2 stops to minimize
loses
[07:52 am] mikewd2 -: got to do the 3x, 2x
doesn’t do much for me any more – haha[07:52
am] candelas : right with u Kris
[07:52 am] anthonyb : I’ve been trading
SSO,SDS like you guys trades TNA,TZA. The
moves don’t make my heart jump as much
[07:53 am] rawdawg6914 : are sso and sds
related?
[07:53 am] candelas : 1/4 left also
[07:54 am] rawdawg6914 : just like TNA and
TZA?
[07:54 am] rawdawg6914 : cause i could get
into some sds for sure
[07:54 am] anthonyb : yes rawdawg, like
kissing cousins. Bull and Bear 2x snp[07:55
am] swingtrader : I am till in DLLR small
position is turning down nicely
[07:55 am] rawdawg6914 : with TNA and TZA i
can only get 40 shares at a time but i can do
100 easy on SDS
[07:55 am] mikewd2 -: TNA load
[07:55 am] lara : The older you get, the
more frequently you need them:-)
[07:55 am] lara : reviews are good![07:55
am] garyb : Yeh..I will do those
too……because sometimes when I hold TNA, I
don’t want to mess with it
[07:56 am] observer : TZA hod[07:57 am]
sonorant : my question also
[07:57 am] lightning : what do you mean by
“rotate into them”
[07:59 am] mikewd2 -: poll on cnbc, %70 said
apple would not replace blackberry in
offices.
[07:59 am] mikewd2 -: in next 3 years
[07:59 am] doji : Getting too late after is
one of the issues I personally have Mitch
[08:00 am] sonorant : Mitch, can you circle
where you posted the short? And then review
“why not a lot of $$”?
[08:03 am] shark : NFLX new lod[08:04 am]
swingtrader : I took TYC right when you
called it i was watching level two with
combination and i can say i was little
nervous because was moving too fast but work
well in that curved down
[08:04 am] shark : there goes NFLX
[08:04 am] Brent : usually when we say
“Alert” it’s an advanced trade
[08:05 am] shark : TYC -possible buyout by
United Technologies
[08:09 am] swingtrader : I saw that on DLLR
but for some reason I so confident on the
short that i decided to hold it since DLLR
was moving with the markets ..
[08:11 am] rusty : Mercedes CEO investigated
for Involuntary Manslaughter
[08:12 am] swingtrader : SDS dropping
[08:13 am] tennisball : Mitch. I love your
heads up notice for symbols you think worthy.
WITH WHAT YOU GUYS ARE TEACHING WILL
CERTAINLY LEAD ME TO BECOME INDEPENDANT. i
FEEL THAT IS kRIS, bRENT AND YOUR GOALS.i
FEEL YOU GUYS ARE HERE OUT OF COMPASSION.
[08:13 am] garyb : lol rusty…sounds like
we are playing a video game
[08:13 am] apple : thx for the info rusty
[08:14 am] skydiver : Thanks Mitch for the
lesson — Lot’s to learn for me, but working
at it
[08:14 am] mhaus : GPC
[08:15 am] swingtrader : Mitch would be
possible if you can share the stops on this
calls and shorts
[08:15 am] swingtrader : Mitch this all
blessing i have no other way to say it thank
you
[08:15 am] shark : NFLX rallying up 50 min
ma
[08:15 am] apple : thx MK for the review,
very helpful
[08:16 am] garyb : I like it Mitch when you
give us an overview of how you feel the
market conditions are for the day, helps me
make decent trades
[08:18 am] lara : Talk about multi
tasking<ROFL>
[08:20 am] swingtrader : lara is funny I go
crazy imagine mitch have 5 people scanning
and we have to go through the stocks in
matter of a second is incredible what the
human eye can do ..
[08:22 am] eyes-inthenow : al be look at FDO
it went down
[08:23 am] rusty : ZOLL radar
[08:24 am] shark : I tried to buy a put on
FDO -couldn’t get the price I wanted -thx for
update eyes
[08:24 am] rusty : ZOLL near term low was
36.82 a couple of weeks ago
[08:25 am] swingtrader : Rusty Short or long
sorry about looks like a bounce cat there
[08:26 am] anthonyb : Doji, did you get NVDA
short?
[08:27 am] rusty : long for bounce on any
panic selling – watching the volume
[08:27 am] rusty : kinda low so don’t chase
it
[08:28 am] rusty : ideally i prefer it to
challenge the previous low
[08:29 am] garyb : good saying Mitch!
[08:30 am] swingtrader : lets pair and watch
it ..
[08:30 am] swingtrader : good saying
Mitch
[08:30 am] shark : LBAS -that’s a penny
stock
[08:30 am] rusty : LBAS radar short for
those with patience
[08:30 am] garyb : still trying to figure
out the eye in the sky saying though
lol[08:31 am] shark : looks like SPY
[08:31 am] Mitch K: nope
[08:31 am] Mitch K: nope
[08:31 am] Mitch K: nope
[08:31 am] derns : TNA
[08:31 am] anthonyb : sso[08:32 am]
swingtrader : TYC
[08:32 am] swingtrader : good job
anthony[08:32 am] shark : bull short
[08:32 am] rusty : I’ve got 8000 stocks in
my head
[08:32 am] randall : anyone see the MA
selloff after the downgrade?
[08:32 am] garyb : looks like my trading
account!
[08:32 am] cowboyh : bullshort[08:32 am]
anthonyb : JAZZ
[08:33 am] sonorant : You are having a hard
time with us Mitch. okay, why?
[08:33 am] shark : VERY SIMILAR!!!! PCAR
JAZZ
[08:33 am] shark : pop in the morning, then
drop
[08:34 am] swingtrader : Mitch you study
this charts for month and moth ? thanks
[08:36 am] shark : JAZZ and PCAR look like
NVDA today
[08:37 am] swingtrader : wow that was a taff
trade for me ..to trade along with TYC
[08:38 am] rusty : LBAS lod – .93 to go if
patient
[08:39 am] anthonyb : Like NVDA is setting
up right now
[08:40 am] shark : thank you, Mitch!
[08:40 am] rusty : ty Mitch
[08:40 am] qwert : thanks mitch[08:40 am]
garyb : Thank you Mitch!
[08:40 am] anthonyb : BIG help Mitch
[08:41 am] swingtrader : thank you Mitch is
wonderful I have much better picture one
thing is trading blind ..
[08:41 am] sonorant : Thanks Mitch, chart
review always helps!!
[08:42 am] swingtrader : Zoll bouncing
[08:42 am] sonorant : Where do I go to find
the times for the seminars? I looked last
night, and couldn’t come up with them.
[08:43 am] garyb : Can we ask questions in
the live seminar?
[08:43 am] Brent :
http://www.tradestocksamerica.com/webinar-sch
edule.php
[08:44 am] shark : OH PM, ok…thx [08:44
am] Brent : here’s a link for the schedule
[08:48 am] anthonyb : Ok guys, I’m flat. Had
a great day. Hope everyone has a great day
and an awesome weekend. see you monday. And
thanks Mitch,Kris, Brent. You guys are a big
help
[08:50 am] tennisball : Mitch, I really look
forward to each morning here and at the end
of the day there’s profit and nothing left on
the shelves and inventory to collect dust.
Love it You guys get a lot of the credit.
[08:51 am] sonorant : Yes, I love having all
the ideas and a community.
[08:51 am] joeytsa : just got back, finished
reading Mitch’s lesson…great read as
usually
[08:51 am] joeytsa : haha[08:51 am] garyb :
how were the races Joey? lol[08:53 am] rusty
: wasn’t Mercedes CEO after all [08:53 am]
rusty :
http://www.totaldui.com/news/articles/court-c
ases/ceo-dui.aspx
[08:54 am] rusty : seems like hoax
headline
[08:58 am] joeytsa : ES contracts a slow
bleed
[08:59 am] swingtrader : I like those
slower moving easier to manage
[08:59 am] joeytsa : starting to pick up now
to the downside
[09:00 am] joeytsa : i hate it for
trading
[09:00 am] joeytsa : good time to put on a
swing, just not gonna right now
[09:00 am] garyb : true….I look at
tza/tna….like trying to hold down a wild
snake
[09:01 am] shark : David Faber -TYC possibly
NOT a takeover target
[09:01 am] monster : tyc[09:02 am] shark :
COL on CNBC now
[09:02 am] doji : Fake alert
[09:03 am] rusty : TYC lod[09:03 am] rusty
: sorry not lod but fast selling
[09:04 am] apple : randall, i sent you an
email
[09:05 am] joeytsa : GS another dog, might
be setting up another longer term short…
[09:06 am] joeytsa : hit resistance at the
20day ema[09:07 am] joeytsa : the actual
sell came in jan, but april the wheels fell
off
[09:10 am] shark : HANS running
[09:10 am] joeytsa : ATHN has been pretty
strong in recent weeks
[09:11 am] joeytsa : they’re having a nice
day shark
[09:13 am] Kris : good one matt
[09:13 am] joeytsa : COL moving again
[09:14 am] victor51 : ouch I was stopped out
tyco at 45.79 10 minutes ago
[09:14 am] shark : what the heck happened to
YRCW?
[09:17 am] doji : COL S, stochastics
pointing down
[09:17 am] doji : 57.37 S
[09:20 am] doji : Moving down my stop
[09:20 am] doji : Die hard COL
[09:20 am] doji : Out 1/2 COL here
[09:21 am] swingtrader : watching UTX price
target 76 I am just watching it I not in I am
count
[09:22 am] doji : I love when the indicators
work as intended
[09:23 am] joeytsa : amen doji[09:23 am]
doji : Sonorant, are you here?
[09:24 am] doji : Thanks COL
[09:24 am] doji : Moving my stop down in
COL
[09:24 am] doji : Stopped at 56.6
[09:25 am] sonorant : The problem was the
“off” part
[09:25 am] sonorant : good job doji, I’ve
been watching it off and on all day and
missed both the last long and short
[09:25 am] candelas : who has the conn?
[09:26 am] sonorant : the conn?
[09:27 am] sonorant : I need 4 or 5 sets of
eyes
[09:27 am] rusty :
http://online.wsj.com/article/SB1000142405311
1903927204576574130471400852.html?mod=WSJ_hp_
LEFTTopStories
[09:27 am] lisas : must be u Ed
[09:27 am] lisas : military term, who’s in
charge
[09:27 am] candelas : i doubt that
[09:28 am] sonorant : or the ability to have
different eyeballs look in different
directions.
[09:28 am] Mitch K: how is it going
candles?
[09:28 am] candelas : nice call COL
[09:29 am] swingtrader : should we go long
now on col
[09:29 am] Mitch K: no i don’t think so
swinger,
[09:29 am] candelas : i have been trading in
the zone for a long time now
[09:29 am] candelas : going good
[09:30 am] shark : REMINDER: options
expiration, could be extra volatility going
into final half
[09:30 am] Mitch K: sounds good candles,
[09:30 am] Mitch K: but swinger, if you want
to go after a marginal idea and fight it for
an hour, miss other opportunities and get
frustrated, it’s up to you
[09:31 am] swingtrader : good analogy ..
Mitch .. don’t fight the trend
[09:31 am] rusty : like these sono?
p;amp;feature=related
[09:31 am] doji : Mitch, since relaying only
on my indicators I have been able to make be
more consistent in my trades. An example is
the S I took in COL
[09:31 am] candelas : u said it best Mitch,
once you learn techniques, ur emotions will
determine how much you make
[09:31 am] candelas : or not make for that
matter
[09:32 am] doji : I the indicators are not
there, then the odds are not there and I just
don’t trade, period
[09:32 am] doji : and I want to thank you
for stressing taht and also keeping the
discipline
[09:34 am] rusty : rogue traders all use
same attorney?
[09:34 am] rusty : Mr. Adoboli is being
represented by lawyer Michael Caplan at
Kingsley Napley LLP, a London-based law firm
that also represented Nick Leeson, the former
trader who sunk Britain’s oldest merchant
bank, Barings, in 1995.
[09:35 am] lightning : he didn’t use a
stop
[09:35 am] Kris : that’s what happens when
you keep adding to a losing trade
[09:35 am] Kris : lol[09:35 am] joeytsa :
speeddial[09:35 am] apple : rusty, you are
our man on the street reporter
[09:36 am] joeytsa : yeah, rusty comes up
with the good stories
[09:36 am] doji : Stochastics turning up in
COL, time to cover
[09:36 am] doji : righ at 56.22
[09:37 am] doji : Thanks Apple
[09:37 am] doji : Now, I won’t trade
anything else, I will protect my
profits…
[09:37 am] apple : good one doji[09:40 am]
Mitch K: you guys cover COL short?
[09:42 am] swingtrader : nice trade
doji[09:42 am] apple : thx MK
[09:43 am] doji : Thanks Swingy
[09:44 am] swingtrader : awesome work
[09:45 am] Brent : nice trade Doji[09:49 am]
swingtrader : Mitch 56.20 ?
[09:50 am] shark : on the other side of the
“V” bottom
[09:50 am] shark : even better when the
indicators are turning back up to
reconfirm
[09:50 am] shark : Better to pay 56.40 on
the way up
[09:50 am] Mitch K: right swinger, is that
what you paid?
[09:50 am] Mitch K: 1
[09:51 am] swingtrader : i paid yes
[09:51 am] swingtrader : limit 57.03 is that
a good target Mitch
[09:55 am] swingtrader :
yehaaaaaaaaaaaaaaa[09:55 am] swingtrader :
wow executed
[09:56 am] swingtrader : oh boy I love this
job ..
[09:56 am] swingtrader : now short..
[09:57 am] apple : it is fun, isn’t it?
[09:58 am] swingtrader : incredible when you
understand it ..is so much easier …
[09:59 am] doji : Not convinced in COL
yet
[10:00 am] swingtrader : is consolidating
may be for a move up and then you can pooled
the triger just my view
[10:00 am] eyes-inthenow : Mitch Please Show
Me the Signal TO Short COL and what time
frame
[10:02 am] doji : Ok now COL
[10:03 am] doji : Market dropping and
stochastics pointing down
[10:04 am] sonorant : yeh
[10:04 am] sonorant : okay, with you this
time, but it is a strong stock
[10:04 am] doji : I would have a tight stop
in COL
[10:05 am] lara : I’d wait for drop below
whole dollar resistance
[10:05 am] doji : stop at 27.23
[10:06 am] doji : Sorry if I was not
clear
[10:06 am] doji : No I said not convinced it
wall fall
[10:07 am] doji : Point taken Mitch
[10:10 am] sonorant : this is really good —
starting to look at some of the finer points
of why something may or may not work.
thanks Mitch.
[10:11 am] sonorant : So candelas, are you
still looking at COL? What do the candles
currently tell you?
[10:13 am] candelas : I’m not in it
currently, but for me it was a good short at
12:15 est and a good long at 12:35
[10:13 am] candelas : 12:35 est[10:15 am]
swingtrader : I think doji a lot of people I
know by looking at the stock movement they
can tell you if the stocks goes up and down
of course with the indicator managing their
risk that my goal ..yu will winning more than
losing .. My opinion
[10:15 am] sonorant : okay, thanks — and
right now not compelling in either
direction?
[10:15 am] monster : nflx new lod[10:16 am]
shark : on its way to $60/share
[10:16 am] shark : NFLX new lod 🙂
[10:16 am] candelas : looks to be forming
lower high
[10:17 am] swingtrader : comes with Years
and years of experience is fascinating isn’t
it ..is an art ..
[10:17 am] sonorant : okay, thanks.
[10:17 am] joeytsa : d o g
[10:17 am] candelas : talking of COL
[10:18 am] lara : Does anyone else have
problem with text getting mixed up when you
scroll up and down in user chat?
[10:19 am] lightning : lara, i don’t have a
problem like that
[10:20 am] sonorant : Yes, some days I end
up with big blank spots
[10:20 am] lara : I had that earlier
[10:20 am] eyes-inthenow : Mitch is here a
good S COL 2 min chart
[10:20 am] doji : What was your entry in COL
Sonorant?
[10:21 am] randall : nflx is getting closer
to giving back the last 52 weeks of gains.
The daily chart thru July looked stellar. CMG
looks great now but who knows in the next
quarter or so?
[10:21 am] lara : I’ve reloaded twice…no,
three times.
[10:21 am] doji : NFLX dropping froma
cliff
[10:21 am] candelas : Sonorant my comments
for shor/long based on 1min
[10:22 am] joeytsa : no parachute
[10:22 am] doji : Sonorant?
[10:23 am] joeytsa : Gr doing well today
[10:24 am] monster : anyone watching NFLX
for bounce
[10:24 am] joeytsa : missed the news on
GR..i mean they sell tires right
[10:25 am] swingtrader : I should hold rimm
i am so domi..
[10:25 am] candelas : if can break the
range
[10:26 am] candelas : would be great
[10:27 am] candelas : trading in range on
3min
[10:28 am] randall : nflx has a great deal
of selling pressure monster
[10:30 am] joeytsa : NFLX has a 40 p/e ratio
also….
[10:30 am] joeytsa : high p/e stocks tend to
get killed when bad news hits or in a
downtrending market
[10:31 am] sonorant : Doji, I am here — was
briefly in NFLX short until it turned. It
made my numbers look good, but I feel like it
is cheating, since I have made so many other
mistakes today!
[10:31 am] sonorant : Candelas — what is in
a 3 minute range?
[10:31 am] randall : ….and wouldn’t we
alll have loved shorting it yesterday at 184.
one trade like this can make someone look
like a genius
[10:31 am] joeytsa : thanks…great calls
today
[10:31 am] joeytsa : enjoy Mitch
[10:31 am] joeytsa : AGP hod[10:32 am]
sonorant : Okay Mitch, see you later.
[10:32 am] ronfrac : Mitch; Re COL rumored
to be takeover candidate for UTX. GS placed a
$56 target price.
[10:32 am] doji : Are you still short in COL
Sonorant?
[10:33 am] doji : Another big drop in
NFLX
[10:34 am] doji : The stock is being
killed
[10:37 am] sonorant : NO, I am flat in
COL
[10:37 am] joeytsa : stopped 🙂
[10:38 am] sonorant : wishing I was
long??
[10:38 am] sonorant : I need to try a
straddle
[10:38 am] joeytsa : lunch break, gotta
love NFLX….be back soon
[10:39 am] lightning : URBN sliding fast
[10:42 am] doji : Guys I have a meeting so I
am done for today. Have a wonderful weekend
and see you on Monday!
[10:43 am] swingtrader : is anybody TNA
here
[10:43 am] qwert : see ya doji[10:44 am]
topdogrex : Brent if you have a minute can
you show how to split the esignal chart in
two for 1m/2m views
[10:46 am] Brent : you mean like what Mitch
is projecting right now?
[10:47 am] topdogrex : ok
[10:47 am] topdogrex : no side by side
[10:47 am] Brent : I’ve never heard of that,
let me check
[10:49 am] rawdawg6914 : I’m gonna head out
guys, I’ve had my fun for the day, got some
reading to do. good luck to everything you do
in the rest of the day and have a great
weekend. I’ll cya all on monday, thanks again
kris[10:49 am] Brent : take care
rawdawg[10:50 am] qwert : lightning are you
in urbn[10:50 am] Kris : have a good one
rawdawg[10:51 am] topdogrex : Brent should
explain better. It is to have one chart in
one monitor at 1m and other on 2m chart on
other monitor
[10:51 am] lightning : not in URBN. I
wanted to see it go down to about 24.15
first…never got there
[10:52 am] Kris : linked together?
[10:52 am] Kris : 2 charts same stock
different time frames?
[10:52 am] Brent : ok I see
[10:53 am] topdogrex : yes
[10:53 am] Brent : you click on the icon on
the top right that has a “window picture”
with an arrow pointing out of it to drag it
to another monitor
[10:54 am] topdogrex : ok, thanks
[10:54 am] Brent : then if you want to link,
the icon on the top of the chart that says
“s” with a color you make it the same color
as the chart you want to link it to
[10:55 am] topdogrex : yes, thanks Brent
[10:55 am] lara : GR said to be most likely
takeover target of UTX
[10:55 am] Kris : good job bert[10:55 am]
Brent : sweet. It’s a great day
[10:55 am] Brent : did I answer your question
topdog?
[10:56 am] lightning : watching AGP for
short
[10:57 am] candelas : is Eyes here
[10:58 am] lightning : S AGP 44.84
[11:00 am] sonorant : so now will COL
tumble?
[11:00 am] sonorant : lara, interesting —
they have both been going up strong today
[11:01 am] swingtrader : Mitch i sold some
shares of TSPT would be good idea to keept
over night
[11:03 am] mhaus : ZOLL
[11:23 am] mhaus : CCOI
[11:23 am] mhaus : CCIO
[11:23 am] derns : What happens to CCOI when
the cEO stops talking on CNBC?
[11:24 am] derns : huge pop in just a few
minutes
[11:30 am] qwert : lightning your still in
agp right
[11:30 am] qwert : it just hit my first
target
[11:30 am] lightning : qwert, yes, about to
close out half of it.
[11:31 am] qwert : thanks for agp
lightning
[11:31 am] qwert : looking for 46.00 for the
next tgt. agp[11:31 am] lightning : OK,
covered 1/2 AGP 44.39
[11:32 am] lightning : glad you got it too
qwert[11:33 am] qwert : lightning what’s
your next tgt. for agp[11:34 am] lightning :
officially, it would be 43.94, but I will
cover 1/4 at 44..
[11:35 am] lightning : we’re on the same
page qwert[11:37 am] qwert : yeah looks like
it i moved my cover on second half to
44.72
[11:40 am] Kris : was that in regards to
swing trading ETF’s?
[11:40 am] joeytsa : titled ” ETFs are
market parasites
[11:40 am] joeytsa : Mitch: the other day
in the room, the topic of cramer hating etfs
came up…
[11:40 am] joeytsa : he has an article on
thestreet.com
[11:41 am] sonorant : okay, here is my
Friday offering :
p;amp;feature=player_embedded
[11:41 am] joeytsa : this article is talking
about etfs and the rogue trade who just lost
the $2B
[11:41 am] joeytsa : the article or us
talking?
[11:42 am] joeytsa : will try to link
it..hang on
[11:42 am] joeytsa : it popped up on my
facebook page
[11:43 am] joeytsa :
http://www.thestreet.com/story/11251161/1/cra
mer-etfs-are-market-parasites.html?CM_VEN=AD|
FB|JC
[11:43 am] joeytsa : hey it worked 🙂
[11:43 am] eyes-inthenow : i got it AGP S
100 shares.85 out .57 half of my
[11:44 am] Mitch K: i saw that interview two
days ago. he said something like it takes
the stock picking right out of it
[11:44 am] joeytsa : topic came up here in
the room the other morning
[11:44 am] joeytsa : Mitch..just linked a
cramer/etf article
[11:44 am] garyb : scary stuff Joey!
[11:45 am] Mitch K: i thought his real
feeling is it negative affects what he does.
he wants to talk about specific stocks.
[11:45 am] joeytsa : yeah, he now links it
to the $2B rogue trader loss
[11:46 am] victor51 : I am shorting col and
will get out at 55.55
[11:46 am] ronfrac : Closing for the day. My
birthday and I got a nice p[resent from the
market today. RThanks for some good stocks.
See yyou next week.
[11:46 am] Mitch K: i think he is a very
smart guy, full of passion but i think he is
wrong about ETFs
[11:46 am] Mitch K: and there is no way he
can stop the momentum of what the public
wants, which are more ways to trade.
[11:46 am] joeytsa : i like to listen to
him, but not follow him directly
[11:46 am] joeytsa : he influences people
[11:46 am] garyb : Maybe he is talking about
the leveraged ETFs I think
[11:46 am] garyb : I think they are okay for
a very short time…maybe a week tops
[11:47 am] randall : volume kicking in big
for gr
[11:47 am] Mitch K: well the rogue trading of
the UBS $2 billion loss was in the ETF
division of UBS
[11:47 am] Mitch K: i think for us as traders
either scalping or swing trading, if someone
is really well trained on reading charts,
some of these ETFs are very profitable
[11:47 am] joeytsa : yep
[11:47 am] joeytsa : agree again
[11:47 am] garyb : Yeh…I took his advice
here and there…and the stock went the
opposite way!
[11:48 am] trvlntrdr : nflx bouncing back a
little
[11:48 am] Mitch K: what price did you get
short COL victor? ALso, you want to be
careful with being fixated on a specific
price, it all depends how the stock is acting
and what the signals are to enter or exit
[11:48 am] joeytsa : garyb : best thing on
cramer are his ceo interviews..then do your
homework
[11:51 am] joeytsa : tires are rolling today
🙂
[11:53 am] qwert : yeah i already lowered my
cover
[11:53 am] lightning : qwert, it looks like
AGP is bumping up against a resistance trend
line. If it breaks 44.50, I’m out.
[11:53 am] joeytsa : CRM hod[11:54 am]
lightning : covered rest of AGP
[11:54 am] joeytsa : he is more about
investing
[11:54 am] garyb : Hey Joey…I watch Cramer
a couple times a week but just to hear how
he feels about market conditions and
occasional he does have a good strategy..but
he is NOT a day or swing trader so he does
not speak the same language
[11:54 am] aussie123 : WTW
[11:55 am] qwert : out agp[11:55 am] joeytsa
: i just like the ceo interviews
[11:55 am] joeytsa : even when everything is
“right”, our entry price is still just a
guess
[11:55 am] garyb : yeh..he is all about
fundamentals..but that goes down the drain
when everything is tanking
[11:56 am] joeytsa : i rarely look at
fundamentals now
[11:56 am] qwert : col 56.03
[11:56 am] lightning : L COL 56.05
[11:56 am] garyb : 56.11
[11:57 am] lightning : Mitch would you put
stop just below the recent low of 55.94?
[11:57 am] joeytsa : usually just read the
‘mad money’ recap on the site, then decide if
i will watch the late viewing or part of
it
[11:58 am] lightning : lol, too late.
[11:58 am] joeytsa : i do glance at funds,
but not a whole lot of time on it, and only
if i will hold a stock
[11:58 am] joeytsa : have fun Kris
[11:58 am] joeytsa : garyb: on any hold i
ALWAYS check to see when the earnings report
is though
[11:58 am] ghaziar : COL at55.98
[11:58 am] candelas : thx Brent
[11:58 am] Brent : nice one candelas
[11:58 am] candelas : covered 3/4 GR short
94.11
[11:58 am] candelas : trail last 1/4 GR
short
[11:59 am] derns : Mitch…what do you think
of a swing on TZA?
[11:59 am] candelas : saw it up on screen
and looked good
[12:00 pm] joeytsa : no, only on holds
[12:00 pm] joeytsa : daytrades are totally
different
[12:00 pm] joeytsa : by the time you look up
the p/e, the trades over haha[12:00 pm] garyb
: Yeh,,,that’s good Joey, me too, but just
for day trading and scalping, no
[12:01 pm] michael : COL L at 55.94
[12:02 pm] sonorant : COL L 55.99
[12:02 pm] joeytsa : Mitch…if you were
looking into the area that will be the “next
big thing”, where would you start
looking……
[12:03 pm] mikewd2 -: I’m back, any trades
going on
[12:03 pm] joeytsa : i am thinking some
form of natural gas ie lng or cng, and
possibly a company leading the way for an
improved smart grid design…any thoughts
[12:03 pm] garyb : COL
[12:04 pm] pow : thanks for the short on col
mike that was nice. that’s all I have to
trade today
[12:04 pm] mikewd2 -: looks like a great
short, sorry i missed it
[12:04 pm] jsn13 : Shorted GR at 94.5 and
covered at 93.72….thanks….
[12:04 pm] joeytsa : lng/cng aren’t
companies…abbreviations
[12:04 pm] garyb : Anyone putting a stop on
COL? I figure I will put one at around
55.50?
[12:05 pm] Mitch K: just a few min joey,
watching COL
[12:05 pm] lightning : gary, I had my stop
below the recent low (55.89), so I’m out.
[12:05 pm] joeytsa : no prob, take your
time
[12:05 pm] candelas : move stop 93.64 on
GR
[12:06 pm] michael : COL my stop was at
55.87 so I’m out too
[12:07 pm] pow : COL was nice
MKing….thanks for that one. all you need
for the day is 2 points plus each way
[12:07 pm] candelas : move stop last 1/4 GR
93.52
[12:08 pm] garyb : Last hour team!
[12:08 pm] candelas : out all GR 94.76 to
93.51
[12:08 pm] candelas : got stopped last
piece
[12:09 pm] eyes-inthenow : thanks
Candelas
[12:10 pm] candelas : no problem, hope
helped some
[12:11 pm] lightning : I think it is best if
I look away from COL.
[12:11 pm] joeytsa : nice job candelas, you
are good
[12:11 pm] joeytsa : lots of good minds in
here
[12:11 pm] candelas : thx Joey
[12:12 pm] candelas : truly
[12:13 pm] candelas : EXEL alert
[12:13 pm] candelas : EXEL
[12:14 pm] lightning : gary, Rumor: Exelixis
drops on clinical trial speculation
[12:14 pm] lightning : COL has been the
bully in the dark alley today for me. I’m
leaving it along.
[12:14 pm] joeytsa : whack whack[12:14 pm]
joeytsa : gimme your money punk
[12:14 pm] garyb : what happened to EXEL?
bad news?
[12:15 pm] lightning : or that
[12:16 pm] rusty : re clinical trial
[12:16 pm] rusty : EXEL bad news
[12:16 pm] Mitch K: consider closing EXEL
[12:17 pm] rusty : EXEL has only one
product
[12:17 pm] rusty : and they had to lower
dose as it was too toxic
[12:18 pm] joeytsa : COL might be setting up
again
[12:18 pm] garyb : seems like a “toxic”
stock! (my jokes are free!)
[12:20 pm] swingtrader : is exel short or
long?
[12:20 pm] michael : COL L at 55.80
[12:20 pm] eyes-inthenow : you All have a
awesome weekend see you all monday[12:21 pm]
swingtrader : wow what happen there .. scary
chart
[12:21 pm] rusty : KIOR radar
[12:21 pm] rusty : careful low volume
KIOR
[12:22 pm] mikewd2 -: yeah I’m watching
rah
[12:23 pm] rusty : KIOR 10M float
[12:23 pm] rusty : explains the move
[12:23 pm] joeytsa : wow
[12:24 pm] mikewd2 -: missed RAH
[12:25 pm] mikewd2 -: dang that was a nice
one
[12:26 pm] swingtrader : RAH looks like the
EXel chart
[12:27 pm] swingtrader : thank mitch[12:29
pm] rusty : They have little hands and
little feet too
[12:29 pm] rusty : Short people got no
reason to live
[12:29 pm] rth7325 : Appreciate RAH Mitch,
Thanks
[12:30 pm] joeytsa : i didn’t trade RAH..had
i one so, my entry most likely would have
been 76.70…where would yours have been
[12:31 pm] mikewd2 -: now I’ve shorted at
77.79
[12:31 pm] mikewd2 -: i had a buy at 76.00,
but it didn’t take
[12:31 pm] joeytsa : based on what mike? an
indicator
[12:32 pm] mikewd2 -: watching the turn up on
OBV, %r
[12:32 pm] mikewd2 -: but didn’t’ get it
[12:32 pm] mikewd2 -: 3:25
[12:32 pm] joeytsa : gotya, i don’t have
those on
[12:33 pm] rusty :
http://my.jetscreenshot.com/demo/20110916-t2g
d-139kb.jpg SPY doji candle today
[12:33 pm] qwert : wow rah
[12:33 pm] doji : I am back and I ma not
precisely the exterminator!
[12:34 pm] swingtrader : mitch i sold most
of my shares on TSPT would hold it over the
week end
[12:34 pm] mikewd2 -: that sucked, my stop
hit and my cover was at 77
[12:34 pm] mikewd2 -: my stop was 76.55
[12:34 pm] garyb : COL making a move
[12:34 pm] doji : Did I miss something?
[12:35 pm] Mitch K: swinger, you sold TSPT or
you covered the short ?[12:35 pm] mikewd2 -:
that’s the problem with the fast movers with
wide spreads
[12:35 pm] mikewd2 -: thanks Mitch, could
have been a good one – just too quick
[12:36 pm] swingtrader : cover the short
[12:36 pm] garyb : I see green on COL now
[12:36 pm] eyes-inthenow : IDCC
[12:37 pm] joeytsa : haha[12:37 pm] joeytsa
: EXEL just about made a full recovery
[12:38 pm] rusty : EXEL getting hit by story
alleging more dose reductions in cabozantinib
prostate cancer study due to tolerability
issues.
[12:38 pm] mikewd2 -: one and done, Mitch
[12:39 pm] rusty : nice bounce and trade
despite that news
[12:39 pm] mikewd2 -: got in on just the
short
[12:39 pm] mikewd2 -: 0.79 not too bad
[12:39 pm] joeytsa : nice mike
[12:40 pm] Mitch K: which one joey, the V
pattern?
[12:40 pm] mikewd2 -: not sure if that’s
etrade or what
[12:40 pm] mikewd2 -: got screwed on the
stop, and the actual cover price.
[12:40 pm] mikewd2 -: 0.45 delta
[12:40 pm] joeytsa : yes
[12:40 pm] joeytsa : that chart pattern
belongs in the daytrade hall of
fame…pattern recognition
[12:42 pm] Mitch K: yes, let’s just induct it
into the Hall of Fame now. I hereby induct
the V pattern into the Trader’s Hall of
Fame
[12:42 pm] Mitch K: I hereby induct the
bullshort pattern into the Hall of Fame
[12:42 pm] mikewd2 -: been watching WLT for a
bounce, but not happening
[12:42 pm] joeytsa : you get my vote
[12:42 pm] joeytsa : classic overreaction to
something
[12:42 pm] joeytsa : also the upside-down
V
[12:43 pm] Mitch K: I hereby induct Jesse
Livermore into the Trader’s Hall of Fame
[12:43 pm] lisas : Mitch is on a roll
[12:43 pm] joeytsa : MK 1st member
inducted
[12:44 pm] victor51 : I shorted Col at 57.03
and closed 56.00 Good night and have a nice
week end
[12:44 pm] Mitch K: nice victor, Victoria
[12:44 pm] mikewd2 -: thoughts on WLT Mitch,
on maybe a swing
[12:44 pm] joeytsa : nice victor…enjoy
[12:44 pm] joeytsa : 6.6.earthquake off
coast of honshu japan
[12:45 pm] Brent : have a great weekend
Victor
[12:46 pm] rth7325 : Nice
[12:46 pm] rth7325 : Is This Ninja
Trader?
[12:46 pm] Mitch K: yes
[12:48 pm] rusty : lotta volatility due to
opex[12:49 pm] joeytsa : usually on these
days rusty
[12:50 pm] swingtrader : IDCC good idea for
short
[12:51 pm] trvlntrdr : exciting day
[12:51 pm] swingtrader : incredible best day
this week
[12:51 pm] rth7325 : This was an Awesome
Day..Great calls
[12:51 pm] qwert : same here lightning col
kicked my butt
[12:51 pm] mikewd2 -: not too much, got
smoked on NFLX entered a bad stop point
[12:51 pm] lisas : yes joey, probably
right
[12:51 pm] lisas : wonder which way it will
go next week
[12:51 pm] lisas : very educational
[12:51 pm] lightning : yes, though COL
kicked me around.
[12:51 pm] joeytsa : my guess is that there
were a ton of 400 strike price options on
apple
[12:51 pm] joeytsa : a blast mitch, thanks
again
[12:51 pm] candelas : yes
[12:52 pm] storage : what a day,thanks
everyone
[12:52 pm] joeytsa : stocks got pinned
[12:52 pm] joeytsa : same with the 525’s on
PCLN
[12:53 pm] rusty : where is the trader hall
of fame?
[12:53 pm] rusty : oh jeez, I’m
disappointed
[12:53 pm] rusty : i wanted to visit this
weekend
[12:53 pm] Mitch K: we just made that up
rusty. It is in Antarctica
[12:53 pm] joeytsa : no kidding mitch….
[12:53 pm] joeytsa : especially trading ”
B&B” 🙂
[12:54 pm] mikewd2 -: in one last TNA,
[12:54 pm] mikewd2 -: i was gone for a few
hours, trying to make up
[12:54 pm] joeytsa : gunslingin’ mike
!!!!
[12:54 pm] joeytsa : ” Fiigl”
[12:55 pm] rusty : guess I’ll just stay at
home and look at charts
[12:55 pm] mikewd2 -: 45.95
[12:55 pm] garyb : yeh..just sold all of my
TNA…did not want to hold over weekend
[12:55 pm] garyb : maybe a
mistake..probably….I’ve been making a lot
of them lately
[12:55 pm] mikewd2 -: im out 45.9 – yes
[12:56 pm] joeytsa : i think mike was a qb
in high school 🙂
[12:56 pm] hawaii : thanks everyone have a
great weekend
[12:56 pm] garyb : no Mitch…did not…but
it’s always good chatting in the trading
room
[12:57 pm] trvlntrdr : u2
[12:57 pm] rusty : thx and have a great
weekend everyone
[12:57 pm] mikewd2 -: very good week, except
for one really bad trade today – never want
to hear of NFLX again, canceling my
subscription now
[12:57 pm] joeytsa : you 2 Mitch
[12:57 pm] joeytsa : great weekend to all
traders
[12:57 pm] candelas : have a great weekend
Mitch,Kris,Brent,Traders[12:58 pm]
swingtrader : thank you mitch awesome day
.Kris Brent thank you all
[12:58 pm] sonorant : Thanks Mitch, Brent,
Kris, everybody
[12:58 pm] qwert : everybody have a nice
weekend see ya monday[12:58 pm] Mitch K:
later candles, call you tomorrow
[12:58 pm] Mitch K: bye Dr. RUsty[12:58 pm]
lisas : Thanks Mitch, Kris, Brent, all, have
a great weekend all
[12:58 pm] lightning : thanks TSA and
everyone. Have a great weekend.
[12:58 pm] lightning : by the way, I took
some of my money back on COL in the last 15
minutes.
[12:58 pm] joeytsa : some great people
here
[12:58 pm] joeytsa : hope to put a face to
the names one of these days
[12:58 pm] candelas : sounds good
[12:59 pm] Mitch K: yes lisa dear, how may i
help you?
[12:59 pm] Mitch K: yeah, the COL was like
molasses, moved slowly
[12:59 pm] mikewd2 -: bye guys, cu
monday[12:59 pm] lisas : Mitch, you still
here?
[01:00 pm] lisas : Taxes! Now that I’m
trading live, sometime a topic would be best
way for equities traders given all our
trades
[01:01 pm] rusty : good cpa[01:01 pm] rusty
: http://www.traderstatus.com
[01:01 pm] Mitch K: i pay people to think
about that
[01:01 pm] Mitch K: i hate taxes, i don’t
want to talk about them
[01:01 pm] lisas : I’ve heard people talk
about trader status, or business
structures.
[01:01 pm] lisas : Do you just use a
cpa[01:02 pm] rusty : for traders
[01:02 pm] Mitch K: yes
[01:02 pm] lisas : At the seminar in FL, one
guy said he paid his cpa $200 just to list
his trades
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