[09:07] Lucefear: good morning!
[09:08] WWJDjoe: morning Luce :)
[09:08] Threei: hi Luce
[09:08] juch: morning Luce
[09:08] El-Kabong: luce:)
[09:08] Jolly: servas Lucefear :-)
[09:08] PL8z2win: gm luce
[09:08] Jcash: gm luce
[09:09] Lucefear: hi folks
[09:09] Lucefear: futures -7.90, Nas ft -44
[09:09] Jolly: Class will start at 12:00 ET - todays topic: THE RIGHT APPROACH TO DAYTRADING - to join the room please type /join #alert-class in any open chat window and press return
[09:10] chep: Hi elk! Any open shorts this morning?
[09:10] El-Kabong: sgnt, homs,lqid bout on short list so far
[09:10] El-Kabong: would love to have lqid over 16 again
[09:12] bud: goodmorning everyone
[09:12] Jolly: Hi bud :-)
[09:12] El-Kabong: bud:)
[09:12] Jcash: gm bud
[09:12] juch: hi bud
[09:12] texjack: gm bud
[09:12] Jolly: Hi chep and welcome to Alert-Trading !
[09:13] Rookie: hello everyone :)
[09:13] bud: ELK hows ENER SBUX for a short today
[09:13] juch: Rookie :)
[09:13] El-Kabong: one sec bud....
[09:13] Jolly: Hi Rookie :-)
[09:13] El-Kabong: wasn't looking at them...
[09:13] El-Kabong: any fresh news ?
[09:14] bud: maybe not SBUX but ENER big open today
[09:14] bud: texaco buying stake in ENER
[09:14] El-Kabong: don't mess with buyouts merger etc.....not predictable...
[09:15] bud: just buy a 20% stake in ENER
[09:15] El-Kabong: don't know bud.....have no idea what it will do......
[09:15] bud: texaco buying 20% in ener
[09:15] El-Kabong: on something like that i like to play it the day after...
[09:15] El-Kabong: after the interest is gone
[09:15] bud: ok i'll watch carefully
[09:16] bud: thx
[09:16] bud: ELK what do you have on your short list
[09:16] Lucefear: PSUN gap -27.40% (209 trades since 8.30)
[09:17] El-Kabong: sgnt,homs,lqid ,bout......but always watch for action before shorting.....and always close to or at or after open for safer % trade.....
[09:17] bud: cant short those pigs
[09:18] El-Kabong: time to get a real broker bud if u want to day trade
[09:18] bud: yeah if i want to short more
[09:19] bud: i cant even short AMZN
[09:19] Jolly: .. and if you want to get filled as quick as possible
[09:19] Jcash: bud, who is your broker ?
[09:20] El-Kabong: is anybody's l2 flipping out mbt?
[09:20] Alert-Info: 10 minutes to market open
[09:20] Lucefear: I'm still in SGNT short from yesterday
[09:20] El-Kabong: short sgnt 10 1/4
[09:20] Lucefear: like LQID when it goes up more, down off premarket high here already
[09:20] Lucefear: others on my watchlist today: INTC, CSCO, MSFT, ORCL, BVSN, JDSU, QCOM, CMGI
[09:20] juch: my MBT seems OK Elk
[09:21] Lucefear: JDSU should always be good bouncer on every Nas ut
[09:21] Lucefear: BVSN was calm yesterday but should show some action today
[09:21] bud: livetrade alex moore
[09:21] bud: BVSN strong today
[09:22] Jcash: BVSN upgrade 70$ target
[09:23] Lucefear: futures indicating lowr market open
[09:24] El-Kabong: dang only 700 filled sgnt left me hanging....
[09:24] El-Kabong: short sgnt 10 1/4
[09:25] Lucefear: ft -6.9, Nas ft -48
[09:25] Alert-Info: 5 minutes to market open
[09:25] Jolly: ISLAND down with MBT !
[09:25] Lucefear: check MMPT open short elk
[09:26] El-Kabong: news?
[09:26] Lucefear: CBSM 05/02 08:55 [MMPT] MODEM MEDIA INITIATED WITH 'STRONG BUY' RECOMMENDATION AT CS FIRST BOSTON
[09:26] Lucefear: MMPT gap 30.91% (144 trades since 8.30)
[09:26] Lucefear: quite active premarket
[09:26] El-Kabong: target given?
[09:26] PL8z2win: small float
[09:27] PL8z2win: 35
[09:27] Lucefear: had good downtrend the last days
[09:27] El-Kabong: hehe all filled short sgnt 10 1/4
[09:27] El-Kabong: thank u isld!
[09:27] Lucefear: have just the headline
[09:27] Lucefear: better waiting for MMPT until calming down
[09:27] El-Kabong: a good short mmpt
[09:28] El-Kabong: but after action calms
[09:28] Lucefear: on my watchlist today: INTC, CSCO, MSFT, ORCL, BVSN, JDSU, QCOM, CMGI
[09:28] El-Kabong: small float
[09:28] El-Kabong: 7 mil mmpt float
[09:29] Alert-Info: 1 minute to market open!
[09:30] Alert-Info: markets open, good luck!
[09:30] El-Kabong: 20 wuold be a nice short mmpt......but have to watch the action
[09:30] Alert-Info: TICK -4.00 dt
[09:31] Alert-Info: Nas -30.16 dt
[09:31] Lucefear: die SGNT you poc!!
[09:32] Lucefear: knew I should have added premarket
[09:32] Alert-Info: TICK -202.00 dt
[09:32] Lucefear: RT quotes delaayed here
[09:33] bud: damn time&sales; not working again argh!!!
[09:33] Jolly: shorted SGNT at 10 1/4 but only with 23 shares :(((
[09:33] Alert-Info: Nas -34.31 dt
[09:33] Alert-Info: DOW 10777.97 -33.81 Nas 3923.77 -34.31 TICK -221.00
[09:33] El-Kabong: cover sgnt 9 21 /64 +7/8 ish
[09:33] Lucefear: nice elk!
[09:33] juch: wtg Elk
[09:33] lonetrader: maybe it will go to 0 so you can make a profite Jolly!
[09:34] El-Kabong: dang mmpt what apoc
[09:34] El-Kabong: no ut
[09:34] Lucefear: jumpy bastard SGNT
[09:35] Alert-Info: Nas -29.66 ut
[09:35] Lucefear: ut here chance for re-entry imho
[09:35] Lucefear: NZRO lol
[09:35] Lucefear: JBOH selling
[09:36] Lucefear: MSFT moving up
[09:36] Lucefear: JDSU, ORCL selling
[09:37] Alert-Info: Nas -23.83 ut
[09:38] Lucefear: GBLX selling
[09:38] Lucefear: GBLX pace: 145 137 124 161
[09:38] Lucefear: nice CSCO, QCOM bounces
[09:39] WWJDjoe: out RRRR +13/16
[09:39] Alert-Info: Nas -20.00 ut
[09:39] juch: nice joe
[09:39] Lucefear: PSUN selling more, -28%
[09:39] Lucefear: BVSN pace: 469 407 449 541
[09:39] Lucefear: BVSN up and away
[09:40] Alert-Info: Nas -26.15 dt
[09:40] Lucefear: darn elk, we should have shorted LQID yesterday and just held this pig
[09:40] Lucefear: CSCO pullback
[09:40] El-Kabong: yep and nzro
[09:41] El-Kabong: lol
[09:41] El-Kabong: and bout
[09:41] Lucefear: yes
[09:41] Alert-Info: Nas -36.69 dt
[09:41] El-Kabong: and.....etc.....etc.....
[09:41] Lucefear: all pigs hehe
[09:41] El-Kabong: short sgnt 10 again
[09:41] Lucefear: any fresh GBLX news, selling hard
[09:42] Alert-Info: Nas -41.06 dt
[09:42] Lucefear: some news from yesterday evening
[09:42] Lucefear: ORCL selling
[09:42] Lucefear: JDSU pullback
[09:43] Lucefear: seems my futures not working or what
[09:43] Alert-Info: TICK +6.00 ut
[09:43] Lucefear: still dt
[09:43] Lucefear: ORCL bottom interesting with Nas ut
[09:44] Alert-Info: Nas -37.68 ut
[09:44] El-Kabong: dang mmpt was a nice short too luce :(
[09:44] Lucefear: GBLX bounce
[09:45] Lucefear: loog SGNT elk lol
[09:45] Lucefear: look
[09:45] Lucefear: BVSN pullback
[09:45] El-Kabong: short it again luce sgnt at 10 ..lol
[09:45] Lucefear: active market open today
[09:46] Alert-Info: Nas -46.21 dt
[09:47] Lucefear: still ft dt
[09:48] Alert-Info: DOW 10724.29 -87.49 Nas 3910.46 -47.62 TICK -122.00
[09:48] WWJDjoe: ISLD really selling may be close to bottom
[09:48] Lucefear: CYBR pullback
[09:48] Lucefear: MSFT selling
[09:48] Lucefear: nice MSFT drop here
[09:48] Lucefear: CYBR something for Threei ;)
[09:49] Threei: lol
[09:49] Lucefear: ft trying to bottom
[09:50] Alert-Info: Nas -40.56 ut
[09:50] PL8z2win: BVSN nice today
[09:50] Lucefear: CYBR interesting
[09:50] Lucefear: CYBR wide spread, careful
[09:50] Lucefear: watching CYBR pace 47
[09:50] Alert-Info: Red Alert: Wait for a clear bottom before you go long.
[09:50] Alert-Info: If you can't get in at the bottom then don't chase!
[09:50] Alert-Info: CYBR Soes Tier Size: 500
[09:50] Alert-Info: CYBR quote: 12 11/16 12 11/16 X 12 13/16 SPR 1/8 V 254,800 CHG% -16.12
[09:50] Alert-Info: CYBR pace: 43 62 33 54
[09:51] Alert-Info: Nas -36.43 ut
[09:51] El-Kabong: sgnt short op here imho...
[09:51] Lucefear: going long in CYBR
[09:52] Threei: in CYBR
[09:53] Lucefear: target 14 1/8-1/4 at least imho
[09:53] Lucefear: not 14, 13
[09:53] Lucefear: 13 1/8-1/4
[09:53] Jolly: no fill with CYBR :( argh
[09:53] Lucefear: but looking for 13 3/8-1/2 with some luck
[09:53] Rookie: in CYBR 11/16
[09:54] WWJDjoe: nice fill rookie
[09:54] Lucefear: ORCL weak so far
[09:54] Lucefear: JDSU good bouncer as usual
[09:54] Rookie: thx
[09:54] Threei: out at 13/16 :)
[09:54] Threei: 13 3/16
[09:54] Lucefear: nice 3i ;)
[09:54] Lucefear: good old Red Alert Pattern is back!!
[09:54] juch: wtg 3i
[09:55] Threei: thanks for bringning it Luce, I love this stock
[09:56] Alert-Info: TICK -189.00 dt
[09:56] Lucefear: CYBR pausing here at target price
[09:56] El-Kabong: nice alert luce cybr!
[09:56] PL8z2win: got 3/8 CYBR thx luce
[09:56] Alert-Info: Nas -42.30 dt
[09:56] Lucefear: nice pl
[09:56] juch: PL :)
[09:56] Rookie: out + 13/32 thx Luce!!!!!!!!!!!!!
[09:56] Lucefear: go CYBR go!
[09:56] Lucefear: Rookie ;)
[09:57] Alert-Info: TICK +11.00 ut
[09:57] Jolly: wtg Rookie !
[09:57] WWJDjoe: wtg Pl, rookie
[09:57] Alert-Info: Nas -35.70 ut
[09:57] juch: Rookie :)
[09:57] Lucefear: INTC can go higher imho
[09:57] Jolly: nice trading folks - great alert Lucefear !
[09:57] Threei: IIIM upgrade, 29 target
[09:57] Lucefear: ignore INTC comment, do not chase here
[09:57] Threei: by Alex Brown
[09:57] Lucefear: ft ut
[09:58] Alert-Info: Nas -28.25 ut
[09:59] Rookie: looks like I left some on the table:(
[09:59] Lucefear: good trade Rookie, no whining here ;)
[09:59] Jolly: no need for :( - thats was a nice trade you did on CYBR
[09:59] El-Kabong: rookie .......only i am allowed to whine here.....
[10:00] Alert-Info: 10:00 AM
[10:00] Alert-Info: Nas -24.85 ut
[10:00] El-Kabong: lol
[10:00] Rookie: At least I get to eat today now
[10:00] Rookie: :)
[10:00] Lucefear: yes, elk has the whining patent hehe
[10:00] PL8z2win: hehe
[10:00] Lucefear: there is 13 1/2, nice
[10:01] Alert-Info: Nas -28.78 dt
[10:01] Threei: [10:01] El-Kabong: whine ©
[10:01] Lucefear: lol
[10:01] Lucefear: seems markets creeping hgher
[10:02] Lucefear: ORCL nice off the bottom
[10:02] WWJDjoe: hehe
[10:02] Alert-Info: Nas -23.39 ut
[10:02] El-Kabong: lol
[10:03] Lucefear: out CYBR +7/8
[10:03] Alert-Info: DOW 10767.96 -43.82 Nas 3937.47 -20.61 TICK +90.00
[10:03] El-Kabong: nice luce!
[10:03] PL8z2win: luce my hero
[10:03] juch: nice Luce
[10:04] Lucefear: thx
[10:04] Threei: Luce, AKA investor :)
[10:04] Lucefear: yes, that was a position trade already hehe
[10:04] Lucefear: SGNT getting really a position trade
[10:04] Lucefear: want to see 9 before I give up
[10:04] Lucefear: or 11
[10:04] Lucefear: lol
[10:05] El-Kabong: hehe
[10:05] El-Kabong: inca selling some sgnt good sign for shorts....
[10:05] Lucefear: think it should even lose 9 with time
[10:05] Lucefear: 2-3 days
[10:06] Lucefear: --- wishful thinking
[10:06] Lucefear: EMLX nice big bounce
[10:06] El-Kabong: lol
[10:06] Lucefear: PSUN bounce
[10:06] Lucefear: lsotd CYBR!!
[10:07] Lucefear: ----- whining
[10:07] Alert-Info: Nas -15.46 ut
[10:07] Lucefear: what a beautiful Red Alert Pattern
[10:07] Lucefear: love to see it coming back, there haven't been ayn the last days
[10:07] Lucefear: JDSU, BVSN strong
[10:08] Lucefear: any shorts in sight El-Kabong?
[10:08] Alert-Info: Previous headtrader alerts from today: CYBR
[10:08] Lucefear: think we will get some selling again soon
[10:08] Rookie: anyone still in CYBR?
[10:08] Lucefear: would exit CYBR here
[10:09] Lucefear: PPRO up big today
[10:10] Alert-Info: Nas -19.18 dt
[10:10] Lucefear: GBLX was a nice one too
[10:10] Lucefear: but I wasn't sure about all the news it had
[10:10] Lucefear: however, good that we see some predictable bounces
[10:11] Lucefear: IDCC up nice too
[10:12] Alert-Info: TICK +191.00 ut
[10:12] Alert-Info: Nas -14.38 ut
[10:12] El-Kabong: cover sgnt +7/32
[10:12] Lucefear: EMLX toppy
[10:13] Lucefear: elk the scalper hehe
[10:13] El-Kabong: a little here a little there.....it all adds up :)
[10:13] juch: Elk :)
[10:13] Alert-Info: Nas -19.77 dt
[10:13] Rookie: elco
[10:13] Alert-Info: TICK +12.00 dt
[10:13] Rookie: sorry
[10:14] Lucefear: ft dt
[10:14] Alert-Info: Nas -24.72 dt
[10:14] Lucefear: darn, should have taken the PSUN bottom
[10:14] Lucefear: nice run
[10:14] El-Kabong: bout might be a short soon
[10:15] Lucefear: CMGI weird today
[10:15] Lucefear: what elk
[10:15] El-Kabong: BOUT
[10:16] Threei: VIXL nearing short territory, IMHO
[10:17] Alert-Info: Nas -28.38 dt
[10:17] Raven: uh oh - 3i looking at shorts - what has the world come to :)
[10:17] Jolly: rofl
[10:17] Threei: nah... just sharing with those who does :)
[10:17] El-Kabong: no borrows vixl :(
[10:17] Lucefear: hehe
[10:18] Lucefear: CSCO selling
[10:18] Alert-Info: Nas -32.79 dt
[10:18] Alert-Info: DOW 10737.63 -74.15 Nas 3925.29 -32.79 TICK -115.00
[10:18] Lucefear: nice selling in DELL
[10:18] Lucefear: getting interesting for slow play imo
[10:19] El-Kabong: forget BOUT pace dead
[10:20] Lucefear: BVSN holding up well
[10:21] El-Kabong: dang no borrows !!
[10:21] El-Kabong: vixl no borrows!
[10:21] El-Kabong: mktw no borrows!
[10:21] El-Kabong: that's it !
[10:22] Lucefear: elk in rage
[10:22] Jolly: Elk joining the cyber side ?
[10:22] El-Kabong: lol
[10:22] Lucefear: Nas still in downtrend here
[10:22] Lucefear: waiting with DELL
[10:22] Jolly: have to reboot - brb
[10:22] WWJDjoe: in fairness, none of those available at Cyber either
[10:23] Alert-Info: Nas -37.48 dt
[10:23] Threei: NZRO would be interesting under 10... not above, 10 1/4 picked as sell target by GSCO and HMQT
[10:24] El-Kabong: they recommended a sell 3i?
[10:24] Threei: no, they just sell relentlessly
[10:24] El-Kabong: oh i c
[10:25] Lucefear: ELCO would have been nice
[10:25] Alert-Info: TICK +182.00 ut
[10:25] Lucefear: BVSN higher again
[10:27] Lucefear: RCO 05/02 10:00 Dell director sees no Europe rebound later in 2000
[10:27] Member-Control2: This channel is moderated now! If you don't have a '+' in front of your nick (nick list) please double-click on 'member-control' and enter your access number in the private message-window! If you have questions please join #alert-help.
[10:28] Alert-Info: Nas -41.79 dt
[10:28] Lucefear: INTC at the low again
[10:28] Lucefear: BGEN selling
[10:29] Lucefear: MSFT fighting with 71
[10:29] Lucefear: looking for INTC bounce when Nas can bottom here
[10:30] Lucefear: Nas ft dt
[10:30] PL8z2win: out ESPD swing + 19 1/4 now short
[10:30] Lucefear: lol
[10:30] Lucefear: nice pl!
[10:31] El-Kabong: my hero pl!!
[10:31] WWJDjoe: nice Pl, must be a big tree for that swing!
[10:31] Lucefear: that trade should have paid for lunch!
[10:31] lonetrader: got any more swing trades PL???
[10:31] PL8z2win: lunch money LOL
[10:31] Alert-Info: TICK +3.00 dt
[10:31] juch: nice trade PL
[10:31] Jolly1: .
[10:31] PL8z2win: only short swings now
[10:31] Lucefear: BVSN pullback
[10:31] Lucefear: more Nas selling
[10:32] Lucefear: JDSU getting interesting
[10:32] Alert-Info: Nas -46.31 dt
[10:32] El-Kabong: 200k nzro lol
[10:32] juch: have a great day everyone, see you tomorrow
[10:32] Lucefear: bye juch!
[10:32] Jolly1: bye juch
[10:32] El-Kabong: later juch
[10:32] WWJDjoe: bye juch
[10:33] Lucefear: looking for bounces here
[10:33] PL8z2win: bye juch
[10:33] juch: thanks Luce, Jolly :)
[10:36] Jolly: folks Luce has to rebbote one of the computers - will be back any moment
[10:36] Lucefear: darn, had power outage
[10:36] Jolly: reboot
[10:36] PL8z2win: weak bounces
[10:36] PL8z2win: out DELL = 1/4 lol
[10:36] Alert-Info: TICK +207.00 dt
[10:37] Lucefear: MSFT selling
[10:37] Jolly: Class will start at 12:00 ET - todays topic: THE RIGHT APPROACH TO DAYTRADING - to join the room please type /join #alert-class in any open chat window and press return
[10:37] Lucefear: lurking for a market trend reversal here, to uptrend
[10:38] Lucefear: like DELL, INTC, CSCO, JDSU then
[10:38] Alert-Info: Nas -41.92 dt
[10:38] El-Kabong: what did ARmstrong say?.....i fell asleep ......:)
[10:38] Jolly: Armstrong ?
[10:39] El-Kabong: AT&T; dude
[10:39] Lucefear: ATML seems to be good shorter on each bounce
[10:39] PL8z2win: lots of truck rolls AT &T; hehe
[10:39] Lucefear: QCOM pretty strong today
[10:40] El-Kabong: ? pl?
[10:40] Alert-Info: TICK +22.00 dt
[10:40] El-Kabong: ----gets out the pl decoder ring ..8-)
[10:41] Lucefear: stocks trying
[10:41] Alert-Info: Nas -37.52 ut
[10:41] Lucefear: going long in INTC
[10:41] Lucefear: going long in DELL
[10:42] mbd: filled 3 shars of CSCO, lol
[10:42] Lucefear: MSFT down nice already
[10:42] Alert-Info: Nas -34.22 ut
[10:43] Lucefear: INTC not following
[10:44] Alert-Info: Nas -40.14 dt
[10:44] mbd: out CSCO, + 3/16, 3 shares, smallest fill i ever had
[10:44] Lucefear: ft pb
[10:44] Lucefear: lol sorry mbd
[10:44] WWJDjoe: mbd big spender!
[10:44] El-Kabong: lol
[10:45] mbd: a free m&m; for everyone!
[10:45] El-Kabong: guess better than 1/2 share
[10:47] Jolly: El-Kabong are you still in SGNT ?
[10:47] Alert-Info: Nas -36.55 ut
[10:47] El-Kabong: no i wish
[10:47] Jolly: k - thks
[10:47] El-Kabong: i took my money when i saw ft and naz ut....
[10:47] El-Kabong: :(
[10:48] El-Kabong: shoul dknow that pigs are pigs no matter where the mkt is going
[10:48] Jolly: and bounces are bounces
[10:48] Alert-Info: DOW 10736.16 -75.62 Nas 3918.65 -39.43 TICK -47.00
[10:48] Lucefear: stopped DELL INTC
[10:48] Lucefear: humm
[10:48] Alert-Info: TICK -163.00 dt
[10:49] Alert-Info: Nas -42.15 dt
[10:50] Lucefear: teasing me
[10:51] Lucefear: lol
[10:53] Lucefear: JDSU selling
[10:53] Jolly: something is up with UVEW ?
[10:53] Threei: yes
[10:53] Threei: was halted
[10:53] Threei: opened 10 min ago
[10:53] Threei: got scalped ny me for 5/16
[10:53] Jolly: thanks Threei
[10:53] Threei: end of satory :)
[10:54] Threei: uniView Technologies Receives Initial Contract for $20 Million for Linux-Based Uniview Set Top Boxes
[10:54] Lucefear: .
[10:54] Jolly: GSTRF selling a bit
[10:56] Jolly: ,,, and bouncing a little
[10:57] Lucefear: ft ut
[10:57] Threei: gosh, VIXL just won't stop
[10:58] Jolly: sometimes it helps when your brokers dosnt have the shorts you might want
[10:58] Threei: no kidding :)
[10:59] Jolly: ;-)
[10:59] Threei: although it had nice drop, for about 3/4
[10:59] Lucefear: ft pb
[10:59] Lucefear: not good market action now
[11:00] Alert-Info1: 11:00 AM
[11:02] Lucefear: cover half SGNT +1
[11:02] Alert-Info1: Nas -33.57 ut
[11:02] Jolly: WOW - Lucefear !
[11:02] Lucefear: ft ut
[11:02] Lucefear: going long in INTC
[11:03] PL8z2win: JAZZ bounce
[11:03] Lucefear: always a big ask in INTC, hate that
[11:04] Jolly: JAZZ looks a bit spready from here
[11:04] Lucefear: JDSU a reliable bouncer
[11:06] Lucefear: out INTC flat, sucker
[11:07] PL8z2win: yeah DELL lousy too
[11:07] Lucefear: COMS bounce
[11:08] Alert-Info: Nas -30.29 ut
[11:08] El-Kabong: bbl
[11:08] El-Kabong: going to lunch
[11:08] Lucefear: ft ut
[11:09] Alert-Info: Nas -26.35 ut
[11:09] Alert-Info: TICK +240.00 ut
[11:09] Lucefear: trying BVSN scalp on ft ut
[11:09] Lucefear: darn INTC @!$!"%@
[11:10] Jolly: COMS and PALM still the position shorts of the year
[11:11] Lucefear: no good bounces here
[11:11] Lucefear: nice DELL ut
[11:11] msheiner: be patient lucefear (that's what the in the book!)
[11:11] Lucefear: hehe
[11:11] Jolly: LOL
[11:11] PL8z2win: EMLX active
[11:12] Alert-Info: TICK +45.00 dt
[11:12] lonetrader: anyone shorting OMKT?
[11:14] Alert-Info: DOW 10774.86 -36.92 Nas 3929.35 -28.73 TICK +108.00
[11:15] msheiner: ok
[11:16] Alert-Info: TICK -126.00 dt
[11:17] Alert-Info: Nas -31.29 dt
[11:17] Jolly: lonetrader any fresh news on OMKT ?
[11:18] Jolly: looks quite strong
[11:18] Threei: BW 08:20 (OMKT) Hypercom and Open Market Partner to Deliver Next-Generation 'Clicks and Mortar' Solutions to Retailers
[11:18] Lucefear: OMKT interesting
[11:18] Lucefear: OMKT pace: 42 43 66 48
[11:18] Lucefear: for short
[11:20] Alert-Info: TICK +54.00 ut
[11:20] Lucefear: seems markets going lower
[11:21] Jolly: anybody in OMKT ?
[11:22] Lucefear: no
[11:24] Lucefear: TRMB short scalp opp, wide spread
[11:24] Alert-Info: Previous headtrader alerts from today: CYBR
[11:24] Lucefear: PSUN coming down again
[11:26] Lucefear: OMKT bounce
[11:27] Alert-Info: Nas -34.56 dt
[11:28] Alert-Info: Nas -38.07 dt
[11:28] Lucefear: Nas heading lower
[11:29] Alert-Info: DOW 10767.73 -44.05 Nas 3921.13 -36.95 TICK -97.00
[11:29] Alert-Info: TICK -118.00 dt
[11:30] Jolly: class will start in 30 min - todays topic: THE RIGHT APPROACH TO DAYTRADING - to join the room please type /join #alert-class in any open chat window and press return
[11:31] Jolly: brb
[11:31] PL8z2win: these are exactly the kind of days when I back way off on my scalping long
[11:31] Lucefear: yes, bit lousy today
[11:32] PL8z2win: bounces on days like this are unpredictable and u end up with more stop outs
[11:33] Lucefear: BVSN selling
[11:35] Alert-Info: Nas -43.31 dt
[11:35] Lucefear: SNCI open
[11:36] Lucefear: INTC selling
[11:36] Rookie: luce.......your not looking at an IPO are you?
[11:36] Lucefear: usually not
[11:37] Alert-Info: Nas -46.99 dt
[11:37] Rookie: ok, just checking
[11:37] Lucefear: going long in DELL
[11:37] Lucefear: ignore DELL coment
[11:37] Lucefear: wrong button
[11:37] Lucefear: DELL at the low again
[11:38] Alert-Info: TICK +71.00 ut
[11:43] Lucefear: markets dead
[11:44] Alert-Info: DOW 10759.35 -52.43 Nas 3911.27 -46.81 TICK -45.00
[11:44] Lucefear: snoar
[11:44] Lucefear: Nas trying to bottom
[11:49] Alert-Info: Previous headtrader alerts from today: CYBR
[11:52] bud: come on nas do something
[11:53] Lucefear: ft trying
[11:53] Jolly: Class will start in 10 min - todays topic: THE RIGHT APPROACH TO DAYTRADING - to join the room please type /join #alert-class in any open chat window and press return
[11:53] Lucefear: INTC off the low
[11:54] Alert-Info: Nas -39.65 ut
[11:54] PL8z2win: better ut
[11:54] Lucefear: yes
[11:55] Lucefear: nice INTC bounce
[11:56] Alert-Info: Nas -35.53 ut
[11:56] Lucefear: but do not chase these bounces
[11:57] Lucefear: BVSN disappointing
[11:58] PL8z2win: yup out flat
[11:58] PL8z2win: BVSN might be good swing short
[11:58] Lucefear: yes
[11:59] Alert-Info: DOW 10774.86 -36.92 Nas 3920.36 -37.72 TICK +64.00
[12:00] Alert-Info: 12:00 PM
[12:00] PL8z2win: VIXL bounce
[12:00] Jolly: Class will start NOW - todays topic: THE RIGHT APPROACH TO DAYTRADING - to join the room please type /join #alert-class in any open chat window and press return
[12:05] Alert-Info: Nas -31.35 ut
[12:07] chep: TALK a short today?
[12:08] Lucefear: yes, might be nice short for 1-3 days
[12:09] Lucefear: CBSM 05/02 07:47 [AOL TALK] AMERICA ONLINE, TALK.COM EXTEND LONG-DISTANCE SALES PACT THROUGH AT LEAST JUNE 2001
[12:09] Lucefear: TALK pace: 3 3 2 4
[12:09] Lucefear: pace is gone, seems that's it for TALK
[12:10] chep: luce thanks
[12:11] Lucefear: nice find chep
[12:11] Lucefear: let's watch what TALK doing here
[12:12] Lucefear: at least on list for open short tomorrow
[12:12] Alert-Info: Nas -34.97 dt
[12:14] bud: whats up with VIXL?
[12:14] Lucefear: QCOM nice today, strong mover
[12:14] Alert-Info: Previous headtrader alerts from today: CYBR
[12:14] Alert-Info: DOW 10780.45 -31.33 Nas 3925.35 -32.73 TICK -4.00
[12:16] PL8z2win: deal w/LU
[12:16] Lucefear: QCOM pace: 311 184 162 68
[12:17] chep: Plz: Are you short in LU?
[12:17] Lucefear: DELL nice off the low, should really have bought it lol
[12:18] PL8z2win: no chep
[12:18] Alert-Info: Nas -31.34 ut
[12:19] PL8z2win: zzzzzzzzzzzzz
[12:22] Lucefear: snore
[12:23] Lucefear: stocks not moving
[12:23] bud: pretty sad today
[12:24] Lucefear: yeah
[12:24] Lucefear: QCOM amazing
[12:25] PL8z2win: one of those days where u work the open and close
[12:25] Lucefear: yes
[12:26] Alert-Info: Nas -27.63 ut
[12:26] Lucefear: and take a nap in between
[12:26] Lucefear: ft ut
[12:27] lake: gotta go, cys all later
[12:28] texjack: cu lake
[12:28] Lucefear: we should have shorted CTXS yesterday lol
[12:28] Lucefear: what a chart
[12:28] Lucefear: cu lake
[12:28] invest: slowwww day
[12:32] Lucefear: yes
[12:33] ictc: hi, everyone,..
[12:33] Lucefear: hi ictc
[12:34] Lucefear: ictc, there is class now in #alert-class channel if you like to join
[12:34] Lucefear: stronger ft ut
[12:35] ictc: how do i goin?
[12:35] Lucefear: type /join #alert-class
[12:35] Lucefear: or double click on #alert-class
[12:35] Lucefear: think VIXL good open short tomorrow
[12:36] bud1: I like VIXL short but cant short it :(
[12:37] Lucefear: looks like TALK done, not reacting on Nas ut
[12:41] Lucefear: nice COMS bounce
[12:41] Lucefear: maybe short scalp opp
[12:45] PL8z2win: bbl ..good trading folks...hope you get some good action
[12:45] Lucefear: trying TALK short, will be very slow, patience trade
[12:45] Lucefear: later pl
[12:47] Lucefear: QCOM pullback
[12:48] Lucefear: markets looking toppy
[12:50] Lucefear: SGNT approaching shorting territory again imho
[12:52] Alert-Info: Nas -14.18 dt
[12:54] Lucefear: QCOM looks toppy but I would not short it
[12:54] Lucefear: shorting strong stocks isn't a good idea
[12:54] Lucefear: bunless they show first signs of clear weakness
[12:54] Lucefear: like a pullback, a bounce, but not reaching the previous high
[12:57] chep: Luce are you already short TALK?
[12:57] Lucefear: yes
[12:57] Lucefear: took it at 12
[12:58] Lucefear: pace extremely low
[12:58] chep: but coming down !
[13:00] Lucefear: yes, a bit
[13:07] SandyB: .
[13:08] Lucefear: man, look at CYBR now lol!
[13:09] Lucefear: hi SandyB
[13:09] SandyB: hi, Luce
[13:10] SandyB: first day in the room.
[13:10] SandyB: still feeling my way around.
[13:12] Lucefear: the classes will help you on your way
[13:12] SandyB: thanks.
[13:13] Lucefear: markets not easy recently, changing character very quickly
[13:13] Lucefear: needs some experience to trade these markets
[13:14] SandyB: can you briefly state the trading methods of this room. Momentun/Swing/Scalp/technical trends.
[13:16] Lucefear: we trade proven patterns for quick intra-day trades
[13:16] Lucefear: momentum
[13:16] Lucefear: the patterns are explained in our book which is free for paying members
[13:16] Lucefear: it also explains a lot other stuff you need for daytrading
[13:17] Lucefear: this is not a hyperactive room, we focus on a few good trades
[13:17] Lucefear: the philosophy is that 1 good trade can make your day already
[13:17] Lucefear: so patience and discipline are important
[13:18] SandyB: that is all I am looking for, a couple of good trades per day for 1/4 to 1/2 point each.
[13:18] Lucefear: yes
[13:18] Lucefear: like the Red Alert Pattern Call of CYBR this morning
[13:19] Lucefear: howver, there are not many calls recently to be honest
[13:19] Lucefear: because this market is very very tricky
[13:19] Lucefear: I don't want to call stocks which are too risky for novice traders
[13:19] Lucefear: the advanced traders know what to do anyway when I mention a stock
[13:20] Alert-Info1: Nas -24.75 dt
[13:20] Lucefear: but markets will change again
[13:20] Lucefear: usually we have about 3-8 calls a day in 'normal' markets
[13:21] SandyB: that works for me.
[13:21] Lucefear: we must take what markets give
[13:21] SandyB: I have been daytrading for over 2 years.
[13:21] Lucefear: we can't force good trades
[13:21] Lucefear: good
[13:21] SandyB: good beginning, horrible middle, and now looking not to get greedy, just safe plays.
[13:21] Lucefear: I know that many traders looking for more action, but that's not the way how to succedd in daytrading imho
[13:22] SandyB: I do have a suggestion, even though it is my first day here.
[13:22] Lucefear: sure, go ahead
[13:22] SandyB: with all of the windows I am sure we have open, is it possible to give an audible alarm when you post a play.
[13:22] SandyB: my text window with you is only 6 lines high by about 4 inches wide.
[13:23] SandyB: with just a little posting, i scroll right off the page.
[13:23] Lucefear: if you use the software we provide on our homepage it plays a sund when we make a call
[13:23] Alert-Info: Nas -28.10 dt
[13:23] Lucefear: sund=sound
[13:23] SandyB: I downloaded the software from your page and I am not getting sounds, but I get sounds in other mIRC windows.
[13:23] Lucefear: strange
[13:24] SandyB: I will look at it after the market closes today.
[13:24] SandyB: thanks.
[13:24] Lucefear: did you install the software in a differnt directory tha suggested?
[13:24] msheiner: ask Jolly on how to set up the sound alerts is just told me how to do that a few hours ago
[13:27] Lucefear: can't say much here, we tested the sound alert and it was working
[13:27] Lucefear: but this varies, especially when you use other mircs
[13:29] Alert-Info: Nas -24.19 ut
[13:29] Lucefear: ft ut
[13:30] Alert-Info: DOW 10792.93 -18.85 Nas 3933.89 -24.19 TICK -86.00
[13:31] Alert-Info: TICK -37.00 ut
[13:32] Lucefear: stocks creeping a bit higher
[13:33] Lucefear: but no big action so far
[13:34] Alert-Info: Nas -20.58 ut
[13:38] bud1: anyone holding stock
[13:39] texjack: luce- is there something special about MASH? Esignal outlines in black in level II even if same price.
[13:39] Alert-Info: Nas -24.48 dt
[13:39] Lucefear: which stock
[13:39] bud1: pretty boring here
[13:39] texjack: BVSN
[13:39] bud1: just click it
[13:40] Lucefear: no texjack, MASH just a market maker
[13:40] Lucefear: yes, jsut click on it
[13:40] texjack: ok thanx
[13:41] Alert-Info: TICK -209.00 dt
[13:43] Lucefear: man, stocks not moving
[13:44] bud1: yup
[13:44] bud1: dead right now
[13:45] Alert-Info: DOW 10792.47 -19.31 Nas 3931.81 -26.27 TICK -206.00
[13:46] Lucefear: futures moving up
[13:46] Lucefear: think JDSU, QCOM the only ones which may move with Nas
[13:47] Alert-Info: TICK +18.00 ut
[13:52] Alert-Info: TICK -153.00 dt
[13:53] msheiner: what is " TICK + 18.00 ut? and what is TICK -153.00 dt means?
[13:54] Alert-Info: Nas -30.87 dt
[13:54] Alert-Info: TICK -383.00 dt
[13:54] Lucefear: TALK movng up on low volume again
[13:54] Lucefear: ft dt
[13:54] Lucefear: fake bounces before
[13:55] Lucefear: QCOM trending lower
[13:56] Lucefear: Tick is Nyse Tick: stocks on ut versus stocks on dt
[13:56] Lucefear: very short term indicator
[13:56] Lucefear: oscillating around 0
[13:56] Lucefear: -1000 indicates oversold situation, bounces near for example
[14:00] Alert-Info: DOW 10767.11 -44.67 Nas 3924.92 -33.16 TICK -453.00
[14:00] Alert-Info: 02:00 PM
[14:00] Alert-Info: Nas -36.93 dt
[14:00] Lucefear: clear ft downtrend now
[14:00] bud1: atleast maria is looking good :)
[14:01] Lucefear: hehe
[14:01] msheiner: who is she?
[14:01] Alert-Info: Nas -40.40 dt
[14:01] bud1: dud
[14:02] bud1: shorted ENER in@ 25 13/16
[14:02] Lucefear: hope we get some good selling here
[14:03] Lucefear: howver, I don't see much action in the stocks
[14:04] Lucefear: LEGG market maker sucking up all sellers in TALk, not a good sign usually
[14:07] Lucefear: .
[14:11] Lucefear3: .
[14:11] Lucefear3: big ISP problems today
[14:15] Lucefear3: ft dt
[14:16] PL8z2win: back
[14:16] PL8z2win: did i miss anything?
[14:16] bud1: nope
[14:16] Lucefear3: no
[14:17] PL8z2win: hmmm
[14:17] Lucefear: good Nas dt but no good selling in the stocks I watch
[14:18] bud1: i know wierd
[14:18] Lucefear: cover TALK +1/16, strange action, should have sold down alread
[14:18] bud1: BVSN sold off some
[14:19] Lucefear: ft trying
[14:21] bud1: about time my pig started selling ENER
[14:22] Lucefear: INTC at the low again
[14:23] Lucefear: S&P; ft moving up
[14:23] Lucefear: Nas not wollowing here
[14:24] Lucefear: wolloiung= following
[14:24] Lucefear: going long in INTC
[14:25] bud1: covered my pig for +3 1/8 hehe
[14:25] Lucefear: bud!
[14:25] Lucefear: INTC a dog
[14:26] Lucefear: out INTC -1/4
[14:26] bud1: bud loves the dark side lol
[14:26] PL8z2win: these bounces are nothing more than traps imo
[14:26] Lucefear: oh yes
[14:28] PL8z2win: VIXL short op coming
[14:28] Lucefear: VIXL bounce on J. Kerenen CNBC
[14:28] Lucefear: yes, short opp
[14:29] El-Kabong: back
[14:30] Lucefear: hi elk
[14:30] Lucefear: VIXL was just on CNBC
[14:30] bud1: really wish i could short VIXL
[14:31] El-Kabong: u and the whole world bud
[14:31] El-Kabong: :)
[14:32] Lucefear: no borrows with MB?
[14:32] El-Kabong: no
[14:32] Lucefear: missed VIXL fill as my backup ISP is junk
[14:33] El-Kabong: do we have time for a quicky lesson for newbies?
[14:33] Lucefear: sure
[14:34] El-Kabong: okay i was just thinking while getting back from lunch....
[14:34] Lucefear: sgnt
[14:34] Lucefear: ops sorry
[14:34] El-Kabong: about the newbies with small capital.....
[14:34] El-Kabong: do i have a voice luce?
[14:34] Lucefear: yes
[14:35] El-Kabong: thanx
[14:35] El-Kabong: the way for newbies to build up capital and a pretty safe way for them to build it ......
[14:35] PL8z2win: watch GLGC
[14:36] El-Kabong: is to short low priced pigs.......
[14:36] El-Kabong: e.g.
[14:36] El-Kabong: this morning we shorted SGNT......
[14:36] mot: oink
[14:37] El-Kabong: with a 5k acct u could have maxed out and shorted almoxt 1k shares......
[14:37] El-Kabong: and easily have gotten 1/2 pt......that is $500....
[14:37] El-Kabong: and reshorted again for another $500......
[14:38] El-Kabong: 1k return on 5k acct .......2 trades......4 tickets....
[14:38] El-Kabong: not a bad day....
[14:38] Lucefear: 4 tickets?
[14:38] El-Kabong: and ur day was over by 10:30
[14:38] El-Kabong: am
[14:38] mot: go boy!
[14:38] El-Kabong: 2 round trips
[14:39] Lucefear: k
[14:39] El-Kabong: yesterday......
[14:39] PL8z2win: got VIXL short hehe
[14:39] El-Kabong: with a 10k acct.......
[14:40] bud1: ELK you missed a real good pig in ENER
[14:40] Lucefear: here pl?
[14:40] El-Kabong: if u shorted 1k lqid at 16.......u could have had 1 1/2pts....
[14:40] El-Kabong: easy
[14:40] PL8z2win: huh?
[14:40] El-Kabong: that is $1500.......
[14:40] Lucefear: mean which price you in pl
[14:40] El-Kabong: not a bad day for newbies with limited capital........
[14:41] PL8z2win: 13 1/2
[14:41] bud1: easier said than done elk
[14:41] El-Kabong: so my point.........
[14:41] El-Kabong: well here is my point....bud
[14:41] bud1: cant short those pigs
[14:41] Lucefear: yeah, shorting pigs a very good pattern, and they are often very slow and therfore bit easier
[14:41] bud1: wish i could you got a great point
[14:41] El-Kabong: 1) u have to have a daytrading acct , where u can short the pigs.....
[14:42] El-Kabong: 2) learn the patterns of pigs......
[14:42] El-Kabong: 3) pounce on it when the op. is there.......
[14:42] El-Kabong: 4) and this can be done with a limited capital acct.
[14:43] bud1: i have a daytrading account just cant short alot of good stocks worth shorting
[14:43] El-Kabong: u don't have to be a newbie to do this......
[14:43] El-Kabong: take advantage of it.....
[14:43] El-Kabong: the money is there for the taking......
[14:43] Raven: ------- looking for a pattern on his pig ...
[14:43] El-Kabong: any questions?
[14:43] Lucefear: shorting some VIXL here
[14:43] El-Kabong: cyber has them luce?
[14:43] Lucefear: yes
[14:44] El-Kabong: u lucky pig u!
[14:44] Lucefear: lol
[14:44] Lucefear: tried on this bounce before but didn't get it
[14:44] Lucefear: my ISP a pain toda,y on faster stocks L2 not good
[14:45] Lucefear: thx for lesson El-Kabong
[14:45] Lucefear: agree with this idea
[14:45] bud1: dang it can short ERTS but forgot to look at it today
[14:46] Raven: Elk - you might list the characteristics of a pig stock ...
[14:46] El-Kabong: good idea Raven , thanx
[14:46] Raven: k
[14:47] El-Kabong: 1) we as daytraders trade traders, and their reaction
[14:47] Threei: it oinks?
[14:47] El-Kabong: or should i say their over-reaction.....
[14:47] El-Kabong: hehe 3i
[14:48] Lucefear: ft trying again
[14:49] El-Kabong: when i see a stock that is $10 that go up 3,4,5pts......right away ..the pig alert goes off....
[14:49] El-Kabong: i check the news......
[14:49] El-Kabong: i look at other chat rooms.....to see if it is being pumped....
[14:50] bud1: LOL pig alert
[14:50] Jolly: sorry folks I am having a complete ISP break down here
[14:50] El-Kabong: or if it is on cnbc....etc.....
[14:50] El-Kabong: basically i want to know why it is going up.....
[14:51] El-Kabong: after that is identified......
[14:51] El-Kabong: i will assess (sp.) the "piggy-ness" of the stock....
[14:51] mot: oink
[14:52] El-Kabong: to see if it gets 1 oink.....2oinks...or 5oinks....LOL
[14:52] PL8z2win: lol
[14:52] El-Kabong: 5 oinks = i smell bacon!
[14:52] mot: % is perfect
[14:52] mot: 5
[14:52] bud1: BACON
[14:52] El-Kabong: and i am calling hertz renta truck, cause i want to load up on the pig!
[14:53] bud1: lol
[14:53] El-Kabong: backing up the truck......
[14:53] mot: ha ha
[14:53] El-Kabong: okay......
[14:53] PL8z2win: luce...u get your short?
[14:53] Lucefear: yes elk lol
[14:53] El-Kabong: so i quickly look at the chart.....to see where it came from.....
[14:53] Lucefear: mean, yes pl
[14:53] PL8z2win: price?
[14:54] Lucefear: going wrong way
[14:54] Lucefear: and I'm looking for market bounce here too
[14:54] Lucefear: 13 1/4
[14:54] Raven: Elk - do you consider any fundamental issues (sorry) or just a reaction to news ...
[14:54] El-Kabong: if the stock spiked up out of nowhere and the news, hype, cnbc,
[14:55] El-Kabong: is not justified......i am interested right away.....
[14:55] Raven: cause a lot of your shorts are real garbagers
[14:55] Jolly: okay folks - I have to run - using a friends ISP to say good bye and see you tomorrow :-)
[14:55] El-Kabong: yes.....that is another factor Raven....the worse their #'s the more oinks they get.....
[14:56] El-Kabong: later jolly
[14:56] Raven: I see ...
[14:56] PL8z2win: bye
[14:56] Rookie: cu jolly:))
[14:56] PL8z2win: jolly
[14:56] Lucefear: cu Jolly
[14:56] El-Kabong: so there are many factors.......
[14:56] bud1: CU jolly
[14:56] Jolly: C U - and keep your stops!
[14:56] Lucefear: MSFT down much again today
[14:56] Lucefear: INTC weak too
[14:57] El-Kabong: for a quicky scalp....just a quick reaction to the spike,
[14:57] El-Kabong: for a nice slow death at the pig farm......
[14:57] El-Kabong: i like to short it the day after the run up....!!!
[14:57] El-Kabong: why?......
[14:58] El-Kabong: because we trade daytraders.......
[14:58] El-Kabong: daytraders lose interest ......quickly.....
[14:59] El-Kabong: so the first day a pig gets it wings.....i let it fly....
[14:59] Raven: Elk - do you use the pace numbers to time the entry point ??
[14:59] El-Kabong: watching it to see if its showing weakness.....
[14:59] El-Kabong: one sec Raven
[15:00] Lucefear: CMGI selling hard
[15:00] Rookie: BVSN selling
[15:00] El-Kabong: on the day after its run up (after checking to see if there is any new news on it)......
[15:01] El-Kabong: i will start to clip its wings......
[15:01] Lucefear: think we should get some buying again soon
[15:01] Raven: ------- looking for pig wings ...
[15:01] El-Kabong: sometimes raven.....for scalps.....
[15:02] El-Kabong: on ur question about pace
[15:02] El-Kabong: but for pigs.....the interest and vol should dry up ......
[15:02] El-Kabong: that is basically it......
[15:03] El-Kabong: after some time , it actually becomes second nature...and can feel it....
[15:03] El-Kabong: like the force.....lol
[15:03] Lucefear: Nas vol only 1,1bln so far
[15:03] Lucefear: lol
[15:03] El-Kabong: like the way luce can pick the bottoms......
[15:03] Raven: uh oh - don't get 3i started on that ... :-)
[15:03] El-Kabong: like the way 3i can sense a bottom......
[15:04] carol: 5027
[15:04] Threei: :)
[15:04] Raven: he lives in the groove ...
[15:04] El-Kabong: hehe
[15:04] Rookie: thx for the intraday lesson on pig herding :)
[15:04] Lucefear: carol, you don't need the number now
[15:04] El-Kabong: so what i would do is paper trade the oink pattern.....
[15:04] Lucefear: Nas dying
[15:04] carol: sorry
[15:04] Raven: good explanation, Elk ... should help everybody :)\
[15:05] Lucefear: member-control off currnetly
[15:05] El-Kabong: give it a oink # and paper trade it......and u will see the
[15:05] El-Kabong: pattern and it should become clear.....
[15:05] PL8z2win: its a shorters market
[15:05] El-Kabong: great to build up capital for low $ accts....and it is slow....
[15:06] Lucefear: and try to avoid the big lsotd trap lol
[15:06] El-Kabong: so relatively "safe" if there is such a word daytrading.....
[15:06] El-Kabong: LOL
[15:06] El-Kabong: oh yes that's another lesson..for another day....LOL
[15:06] Lucefear: the lstod-enemy in us
[15:06] El-Kabong: hehe
[15:07] Lucefear: it's the greedy pig in us
[15:07] Lucefear: hehe
[15:07] El-Kabong: hehe
[15:07] PL8z2win: had a lady last month who wouldn't date me because I'm a daytrader ::)
[15:07] Lucefear: lol
[15:07] El-Kabong: $%$^# her PL!
[15:07] PL8z2win: shallow bit##
[15:07] El-Kabong: lol
[15:08] Lucefear: just show her your account PL8z2win
[15:08] PL8z2win: no way!
[15:08] El-Kabong: yeah pl!
[15:08] Raven: rather roll around with the pigs
[15:08] Lucefear: and give her credit card hehe
[15:08] El-Kabong: show her ur bank acct!
[15:08] PL8z2win: she can go date a state worker or dentist
[15:09] Lucefear: hehe
[15:09] Lucefear: daytrading is like beiing at the denist sometimes
[15:09] El-Kabong: lol
[15:09] El-Kabong: she's a loser!!
[15:09] mot: D.D.S.
[15:10] PL8z2win: hehe...like pulling teeth
[15:10] Lucefear: yes hehe
[15:10] El-Kabong: pl, i dated a girl once.....who asked .....so how do u make money daytrading....i thought everybody lost money doing that.....
[15:10] El-Kabong: LOL pl
[15:10] PL8z2win: roflmao
[15:10] El-Kabong: hehe
[15:10] El-Kabong: so how do u pay ur bills?
[15:11] El-Kabong: that was one of her questions......LOL
[15:11] Lucefear: wow QCOM
[15:11] PL8z2win: do we get a bounce here
[15:11] Lucefear: ft trying
[15:11] Lucefear: we are down enuf for a bounce imho
[15:11] Lucefear: but what do I know hehe
[15:12] Lucefear: most of my systems down here
[15:12] mot: everybody reacts to the word daytrader as if you were a gambler
[15:12] El-Kabong: its good because they don't want to get serious....LOL
[15:13] El-Kabong: keep the girls at a distance.....yet they are still curious enough....
[15:13] El-Kabong: ;) u know what i mean.....LOL
[15:13] Lucefear: call MB to get your shorts on elk, VIXL
[15:13] El-Kabong: gotta love the mkt!!
[15:14] Lucefear: QCOM pace: 357 386 337 313
[15:15] El-Kabong: on phone
[15:15] SandyB: luce, are you giving an IP address after the QCOM?
[15:15] Lucefear: lol
[15:15] El-Kabong: lol
[15:15] Lucefear: pace=trades per minute
[15:16] Lucefear: 357 trades the last minute, 386 the minute before etc.
[15:16] SandyB: color my face red!!
[15:16] Lucefear: markets trying to botoom
[15:16] Lucefear: Red Alert!
[15:16] Lucefear: lol
[15:16] El-Kabong: boom!!
[15:17] mot: good humor
[15:17] Lucefear: good question SandyB, it isn't explained anywehre, so how should you know
[15:17] El-Kabong: okay mbt has vixl shorts but has to be called in
[15:17] Lucefear: VIXL pace: 12 10 10 44
[15:18] Lucefear: shorted more VIXL at 5/8
[15:18] Lucefear: hope we don't get strong Nas rally eod
[15:18] Lucefear: however, will add more
[15:19] Lucefear: VIXL fitting the pig pattern, up strong on news, high pace, then pace goes down, done, selling down slowly the next days
[15:20] Lucefear: you can do 2 things now: shorting it today or wait for tomorrow (open short)
[15:20] Lucefear: shortig it the day where it has the run is bit more risk
[15:21] Lucefear: Nas trying
[15:21] Lucefear: some nice bounces
[15:21] Lucefear: INTC still a dog
[15:21] Lucefear: think Nas won't go up far without INTC
[15:22] Lucefear: QCOM pace: 727 591 485 453
[15:22] Lucefear: let's see what 3:30 brings
[15:23] El-Kabong: will short it after 3:30 hope it runs a bit....\
[15:23] El-Kabong: vixl
[15:23] El-Kabong: sorry luce
[15:24] Lucefear: lol
[15:24] Lucefear: yes, can move higher
[15:24] El-Kabong: it might
[15:25] Lucefear: ft dt
[15:26] Lucefear: markets sad today
[15:27] bud1: :(
[15:29] Lucefear: cyber down here, yours too?
[15:29] WWJDjoe: fine here
[15:29] El-Kabong: mbt fine here :)
[15:29] El-Kabong: hehe
[15:29] Lucefear: haha
[15:32] El-Kabong: okay do or die time for vixl
[15:32] Rookie: vixl
[15:32] Lucefear: better die
[15:33] Lucefear: VIXL pace: 19 1 17 11
[15:34] Lucefear: QCOM pullback
[15:35] Lucefear: seems more selling comes in
[15:35] El-Kabong: vixl looking good for ya luce
[15:36] El-Kabong: so far
[15:36] Lucefear: looks good when I cover at 11 hehe
[15:36] El-Kabong: hehe
[15:36] mark3: what is news let market sell off?
[15:37] Lucefear: should reach 12 easily imho
[15:37] El-Kabong: yes tomm maybe
[15:37] Lucefear: and creep down to 11 or even below within a few days
[15:37] Lucefear: what u think elk
[15:37] Lucefear: yes, not today
[15:37] Lucefear: today = pig day #1
[15:37] Lucefear: the beginning of the end hehe
[15:38] El-Kabong: average vol on vixl is 400k
[15:38] Lucefear: not much
[15:38] El-Kabong: when the interest dies so will vixl
[15:39] Lucefear: cyber back
[15:39] El-Kabong: come to me avnx u poc pig
[15:39] El-Kabong: now that is a 5 oinker
[15:39] El-Kabong: avnx
[15:39] El-Kabong: hehe
[15:39] Lucefear: lol
[15:41] El-Kabong: naz and ft trying lets see where it goes.....
[15:42] El-Kabong: keep an eye on intc....
[15:42] El-Kabong: if that don;t bounce
[15:42] El-Kabong: weak close
[15:42] Raven: but an expensive 5 oinker ....
[15:42] El-Kabong: avnx has a lock-up tomm...RAven....
[15:43] El-Kabong: appro. 12mil shares gonna come out.....hehe
[15:43] Raven: hmmmmm .... that'll be interesting :)
[15:43] El-Kabong: yep :)
[15:43] Raven: bye bye
[15:43] El-Kabong: -----holding some avnx short ......:)
[15:43] El-Kabong: doing a reverse investment :)
[15:44] Lucefear: hehe
[15:44] El-Kabong: anti-investor :)
[15:44] El-Kabong: lol
[15:45] Lucefear: you just help other investors getting the stock cheaper
[15:46] Lucefear: you're an angel!
[15:46] El-Kabong: sheesh i keep having to adjust my endpoint on the naz chart down......LOL
[15:46] El-Kabong: hehe luce
[15:46] Lucefear: come to me SGNT come to me, happy about every 1/32 it goes down lol
[15:46] El-Kabong: get ur over night shorts.....gap down morning....unless we get some great news......
[15:47] Lucefear: yes, weak ending and weird day
[15:48] Lucefear: not much reason for gap up tomorrow imo
[15:50] Lucefear: stocks trying again
[15:51] lonetrader: EXAP short?
[15:51] bud1: VIXL amazing
[15:52] Lucefear: yes, unfortunetley lol
[15:53] El-Kabong: vixl on my open short list
[15:53] El-Kabong: yikes naz
[15:53] Lucefear: market makers trying to push it here, showing big bids
[15:53] Lucefear: trap imho
[15:54] El-Kabong: i might short it ah's
[15:54] PL8z2win: I'm holding VIXL added
[15:54] Lucefear: Nas ending really weak
[15:54] Lucefear: still selling
[15:54] bud1: oh my god VIXL so strong it's trying to rally lol
[15:55] Lucefear: lol
[15:55] El-Kabong: it might go higher ah's cause of the LU news......
[15:56] El-Kabong: i give it a 2 oinker at the moment ....and will move up the oinks later ......maybe tomm....
[15:56] El-Kabong: LOL
[15:56] PL8z2win: lol
[15:56] Lucefear: Nas free fall
[15:58] Lucefear: VIXL pace: 86 47 27 32
[15:59] Lucefear: JDSU -9%
[15:59] Lucefear: tough
[15:59] Lucefear: JDSU pace: 446 259 236 162
[15:59] PL8z2win: tomorrow open should be interesting
[15:59] El-Kabong: if we gap down big ....we will look for bounces!!
[16:00] Lucefear: yeah
[16:00] Lucefear: and cover lol
[16:00] Lucefear: what a day
[16:01] SandyB: good bye Luce and ELK, nice visit for my first day.
[16:01] Lucefear: markets closed
[16:01] Lucefear: cu SandyB
[16:01] El-Kabong: BOUT was a nice short .......poc pig
[16:01] El-Kabong: buy sandy
[16:01] El-Kabong: i mean short
[16:01] El-Kabong: :)
[16:25] Lucefear: El-Kabong?
[16:26] El-Kabong: yes
[16:26] Lucefear: you got your VIXL shorts? hehe
[16:26] El-Kabong: witing a bit
[16:26] El-Kabong: waiting
[16:26] El-Kabong: i will
[16:27] El-Kabong: mmpt on the short list also
[16:28] Lucefear: CPIH looks good too
[16:29] Lucefear: will take it too
[16:29] Lucefear: are there borrows with MB?
[16:30] El-Kabong: no
[16:30] El-Kabong: looks good
[16:30] El-Kabong: cyber have them?
[16:30] Lucefear: yes
[16:30] El-Kabong: nice :)
[16:31] El-Kabong: but i don't touch any china plays......unpredictable....
[16:31] natty2k: u guys trading after hours now?
[16:31] El-Kabong: sometimes natty
[16:31] natty2k: i mean right now today?
[16:31] El-Kabong: if i get a gift i don't turn it away :)
[16:32] El-Kabong: i am looking at vixl natty
[16:32] natty2k: uh huh...i have a question...
[16:32] El-Kabong: go
[16:32] natty2k: ELKA: your earlier advice to us $poor newbies to short 1M shrs of low priced pigs 1) flies in the face
[16:33] El-Kabong: 1k
[16:33] El-Kabong: or 500 shares
[16:33] natty2k: of our BMACS' admonitions to go slow, 100 to 300 shrs per trade and 2)
[16:33] natty2k: what if the trade goes wrong, as u know it could, and you lose 1M shrs worth vs. 100 shs worth ?
[16:33] natty2k: hardly conducive to building capital.
[16:34] natty2k: end of question.
[16:34] Lucefear: such question not allowed lol
[16:34] El-Kabong: 500 shares or 1000 shares........that is after u learn the pattern .....
[16:34] Lucefear: just kidding
[16:34] El-Kabong: after u learn the pattern.......
[16:34] El-Kabong: that is the key.....
[16:35] natty2k: hehe
[16:35] El-Kabong: and on slow movers it is easy to stop out......
[16:35] El-Kabong: if u lose 1/8 on 1k shares it is $125
[16:35] El-Kabong: 1/4 on 1k shares is $250
[16:36] Lucefear: UVEW would be good too but no borrows
[16:36] natty2k: yes but i can afford stop out 1/4 at 1 or 200 shrs but not 1Kk shrs
[16:36] El-Kabong: but with the high % pattern.....one can build capital much EASIER than playing fast movers.....
[16:37] El-Kabong: then that is what u play natty 200 shares or 300 shares....
[16:37] El-Kabong: and u can build capital a bit slower.....than if u trade 1k shares....
[16:38] El-Kabong: i was just giving an example......before ...i wasn't telling u , or anybody to do 1k shares....
[16:38] Lucefear: you can't trade 1k shares from the beginning, that will kill you
[16:38] El-Kabong: it was just an example
[16:38] Lucefear: you must know exactly what you do before you trade a bigger share size
[16:38] natty2k: i know, but i thought you addressed it to newbies
[16:39] El-Kabong: once u learn the pattern......1st by paper trading, 2nd small shares 200 or 300 shares, then u can move up the shares
[16:39] El-Kabong: if i didn't say to recognize the pattern than it was my mistake.....
[16:40] El-Kabong: but i think that i said that one should get to know the pattern first....
[16:40] natty2k: ok, i unnerstand.
[16:40] natty2k: i'll shut up now
[16:40] El-Kabong: sorry if i confused u natty :(
[16:40] natty2k: tks
[16:40] Lucefear: there is no easy money with 1k shares
[16:40] El-Kabong: no need natty.....ask anytime.....
[16:40] natty2k: np, just bull---ing
[16:40] El-Kabong: that is why we are here ...tohelp
[16:41] Lucefear: but there are patterns which can be traded by novice traders and others which you beter don't touch
[16:41] Lucefear: that what was El-Kabong meant
[16:42] Lucefear: the short-the-pig-pattern is easy to learn
[16:42] Lucefear: and a reliable pattern
[16:42] natty2k: Luce, since there is not much in the book about shorting, think youse could rustle up some kind of
[16:42] natty2k: guideline outline for us on shorting?
[16:42] Lucefear: yes, shorting not a part of book yet
[16:43] carst: if shorting is high %, maybe call an alert ??
[16:43] natty2k: but i CAN'T WAIT -- am dying to slaughter some pigs!
[16:43] Lucefear: there will be always things not commented in my book
[16:43] Lucefear: can't write 1000 pages lol
[16:44] natty2k: (i love pork)
[16:46] Lucefear: there are differnt rules for going long and short
[16:47] Lucefear: a novice trader has a lot to learn
[16:47] El-Kabong: pork is good :)
[16:47] natty2k: :)
[16:48] Lucefear: that's why we have started the Trading School
[16:48] Lucefear: trying to cover all important topics
[16:48] natty2k: well, hope the school get's to the topic of shorting before I wither and die
[16:49] El-Kabong: natty i will be giveing class next week i believe
[16:49] El-Kabong: and follow ups.......
[16:49] Lucefear: great elk
[16:49] natty2k: halleluya
[16:49] Lucefear: lol
[16:49] El-Kabong: so get ur questions written down
[16:49] natty2k: !
[16:50] natty2k: ok
[16:50] El-Kabong: we don't want u to shrival and die .....LOL
[16:50] natty2k: hehe
[16:52] Lucefear: I can put some sample charts on the homepage too, so that all have the same chart when elk discusses a pig
[16:52] Lucefear: like NZRO, SGNT for example
[16:52] natty2k: that sounds great, Luce
[16:52] El-Kabong: lqid
[16:52] El-Kabong: zixi
[16:52] El-Kabong: hlth
[16:52] Lucefear: as long I have it in my database no problem
[16:52] El-Kabong: wbvn
[16:52] El-Kabong: bynd
[16:52] El-Kabong: eggs
[16:53] El-Kabong: etc.
[16:53] El-Kabong: etc.
[16:53] El-Kabong: lol
[16:53] Lucefear: usually they all look the same, I just need to change the symbol lol
[16:53] El-Kabong: yes lol
[16:53] natty2k: rofl
[16:58] Lucefear: VIXL not moving much
[16:58] El-Kabong: going ur way luce
[16:58] Lucefear: hope it's done now
[16:59] Lucefear: may gap up a bit tomorrow, but bit up or down, don't care
[16:59] Lucefear: should die slowly
[16:59] Raven: jeeze, EMUS
[17:00] El-Kabong: crack play
[17:00] El-Kabong: ah's crack play
[17:00] El-Kabong: hehe
[17:00] Raven: crack play?
[17:01] El-Kabong: ppl. coming home smoking crack and pulling the buy trigger....lol
[17:01] El-Kabong: a joke
[17:01] Raven: rofl
[17:01] Lucefear: sounds interesting hehe
[17:02] El-Kabong: was hoping that vixl was gonna be a crack play to short into....LOL
[17:04] Lucefear: ok folks, cu tomorrow!
[17:04] El-Kabong: later luce
[17:04] Raven: bye luce