1. Daily Stock Report Friday Morning, June 29, 2012
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The US Supreme Court upheld the Obama healthcare bill
Thursday but stocks did not correct as hard as expected. Stocks Summary Opinion
did rebound in the last hour to erase most of the losses but Continue to work the longs and shorts over a period of days and
economists and market strategists are suggesting that uncertainty keep position sizes down to lower than normal. This isn’t a time
among business still remain and there isn’t any incentive to make to be aggressive.
increased hiring decisions until after this November’s election.
The last hour’s rebound in trading was in response to reports that Calendar (All Eastern times)
Germany’s Merkel cancelled the EU Summit press conference, Monday, 1000am, New Home sales, 350k
which traders interpreted as a solution was forthcoming. This Tuesday, 900am, Case-Shiller 20 city Index
shows how sensitive the markets are to news and rumors but Tuesday, 1000am, Consumer Confidence, 63.0
there has been a lack of news in the last 4 days until today. Wednesday, 7:00am, MBA Mortgage Index, -0.8%
Wednesday, 830am, Durable Orders, 1.0%
The Nasdaq Composite is the weakest looking chart of the Wednesday, 1000am, Pending Home Sales, 0.5%
indexes we regularly track. We are in the “middle” of the range of Wednesday, 1030am, Crude Inventories, 2.86M
Thursday, US Supreme Court decision on healthcare plan.
high probability investing events. The highest odds is when we Thursday, 8:30am, Initial Claims, 385,000
have consecutive down days with increasing selling volume. That Thursday, 830am, Continuing Unemployment Claims, 3.275K
is the ideal time to be fully invested on the long side but that is not Thursday, 830am, GDP (Gross Domestic Product), 1.9%
setting up for that at the moment. My suggestion is to invest very Friday, 830am, Personal Income, 0.1$
lightly with fewer positions and just be prepared for the Friday, 830am, PCE, 0.2%
opportunities that come along. Friday, 945am, Chicago PMI, 52.4
Friday, 955am, Michigan sentiment, 74.1
This November’s election and the months leading up to the Follow-up notes:
election is going to be very interesting for the markets. We have BCS, Barclays Bank. If you are short Barclays, consider covering short
historic events unfolding in front of us that never have been Friday morning at open.
FDO, Family Dollar dropped sharply Thursday; Stop of $64 should be
witnessed before so the outcome to all the variables listed below
placed and look for some rebound to recover some loss.
is like playing a four dimensional chess game – very complicated. DLTR, Dollar Tree Stores dropped on Family Dollar’s earnings warning.
It is impressive to see the market holding up as well as it has This stock has been a favorite momentum stock and this type of trading
considering so many events that can affect it negatively. action the last 2 days usually changes the trend to a downtrend now.
Consider selling.
REPEAT: The market is still trying to price in the implications of Europe 1) ROST, Ross Stores is selling off the last two days on the publicity of
going into recession, 2) Greece, Spain, Italy and now France breaking up discount stores are over-priced.
the Euro and how that could affect global economies. It is difficult to ORLY, O’Reilly Auto Parts. If you are long this stock after the big haircut
forecast such an unprecedented event but my opinion for some time is that on their earnings warning, watch to see if it moves above that 83 level. If
the odds are we continue a downtrend through most of the summer. it doesn’t move above and starts to sell, consider selling long.
MNST, Monster Beverage is breaking down. Consider selling on a little
Most recent list of “Market worries”: rebound. Usually this means the momentum will start to come out of this
1. Greece bailout and possible exit; Greece complains they want Spain’s and direction change to downtrend.
deal; Greece vote this weekend.
2. Spain bailout proposal being criticized as creating more problems in
future; Spain asking IMF for money now.
3. Next news bomb: Italy likely going to need help but not in news lately
4. Germany is Europe’s financial leader; says they pay biggest percentage of bailouts; must be weighing options.
5. European recession very likely to start
6. China's softening of economy or hard landing?
7. US economic data choppy; jobs market weak.
8. US Presidential election, momentum shifting toward Romney = Bullish
9. Apathy in retail investors
10. US Housing recovery not strong yet
11. Brazil economy stalling
1

2. 12. Money is flowing into US dollar, US Treasuries and German government securities.
13. US economic policy not repairing economy.
14. Current US president not strong leader; creating more debt
15. India economy sharply pulling back now; just starting to hit news.
16. No serious discussion on US budget among politicians; Bernanke warns this as biggest fiscal cliff.
17. French President Hollande leaning heavily to the left toward spending and increasing taxes; not working well with Germany’s Merkel.
18. Healthcare costs and tax structure for US companies unclear; US Supreme Court decision due week as late as Thursday 6-28-2012.
19. France being suggested as next European country to have financial problems.
20. Low volume summer trading.
Scalp of the day from Trading Room: (all eastern times)
PCYC, Pharmacyclics gave a 6% move today on the long side.
These scalps posted here are best ones we find in real-time each day and will do our
best to present these as timely as possible to the Trading Room and give
commentary and suggestions as how to profit from them. Normally a 2-3% profit is
very good per scalp. The Trading Room is now open! Start your $1 trial here:
www.tradestocksamerica.com/trading-room-new.php
Swing Trade Ideas: (Usually hold time is days)
GWRE, Guidewire. Consider small short Friday.
RNF, Rentech Nitrogen. Monitoring for potential short next 1-3 days.
Intermediate Trade Ideas: (weeks to months)
LXK, Lexmark. Consider small long position.
TLM, Talisman. Consider small long position.
WFM, Whole Foods. Consider small long position.
CANCEL IDEAS BELOW:
DV, Devry. Consider small short position. CANCEL IDEA.
COP, ConocoPhillips. Consider small long position.
BK, Bank of New York Mellon. Consider small long position
RMD, Resmed Health. Consider small long position..
SFD, Smithfield Foods. Consider small short position.
Aggressive Investors-Traders (Higher risk, higher reward)
SUPN, Supreme Pharmaceuticals. Bullshort. Consider small short, start in small
increments. Study Bullshort chapter in Wizard Training course.
HNR, Harvest Natural Resources. Watching for potential short, for aggressive
investors.
BBVA, Banco Bilbao. Consider small short; may last 2-3 months.
Don’t get leveraged on any of these aggressive ideas. Study Bullshorts in the Wizard
Training Course before attempting this high risk high reward strategy. It is best to let
these peak in price and turn down before opening short.
Focus Chart: (Worden Telechart 2007-Download FREE on home page
of www.TradeStocksAmerica.com.)
HNR, Harvest Natural Resources is an aggressive short. Anticipating further selling. Don’t get leveraged with any idea like this.
2

3. Stock List Type Notes Open Price Close
Price
CMG,
CMG Chipotle Mex LONG-INT Closed all long position at 405, 236% avg. profit 163.49 367.18
MNST, Monster Bev. LONG-SWI Problem with this long last 2 days; sell on rebound 42.69 53.35
DLTR,
DLTR Dollar Tree LONG-SWI Sold Friday for 5% profit. 97.50 102.35
IDCC, Interdigital SHORT-SWI Stopped Monday for 12.5% profit. 27.31 24.25
MO, Altria LONG-INT Higher high on Monday. 31.82
FNGN,
FNGN Financial Eng SHORT-SWI Re-entered short Thursday 20.50
SFD, Smithfield SHORT-INT Covered short Friday for 5.4% profit. 19.40 18.48
SLF, Sunlife SHORT-SWI Covered short Tuesday for 4.7% profit. 21.94 20.98
RDC, Rowan Cos. SHORT-SWI Covered Tuesday for 9.4% profit. 31.68 28.94
RBC, Regal-Beloit SHORT-SWI Covered Friday for breakeven. 61.24 61.24
CHMT, Chemtra SHORT-SWI Expecting to resume downtrend. 14.82 14.31
VCI, Volassis SHORT-SWI Careful for breakout up. 20.50
SHFL, Shuffle Mast AGGSHORT Missed Wed low to cover; waiting for lower price 14.25
NBL, Nobile Energy LONG-
LONG-SWI Small long position 78.75
HUM, Human Health LONG-SWI Small long position. 78.81
TARO, Taro Pharm SHORT-SWI Lower low Monday, looking for lows under $35 37.35
CNK, Cinemark SHORT-SWI Stopped Wednesday for 3.6% loss 21.69 22.50
RHT, Redhat SHORT-SWI Covered short Friday with 2.2% loss. 53.41 54.34
BEAV, BE Aerospace SHORT-SWI Covered Tuesday for 5.5% profit. 43.42 41.00
SNI, Scripps Netw LONG-INT Small long position. 57.31
SHW, Sherwin Will LONG-INT Small long position. 133.10
COP,
COP ConocoPhillips LONG-INT Stopped Thursday for 5% loss 55.50 52.72
ORLY, O’Reilly Auto LONG-INT Stopped Wednesday for 20% loss. 101.75 82.00
BK,
BK Bank NY LONG-INT Closed Friday for breakeven. 21.09 21.08
RMD,
RMD Resmed Health LONG-INT Closed Friday for 3% loss. 31.96 31.00
PXP,
PXP Plains Explorat SHORT-INT Covered Tuesday for 9.4% profit 34.69 31.37
APC, Anadarko Petro SHORT-INT Covered Tuesday for 6.8% profit. 64.52 60.40
FTI,
FTI FMC Technology SHORT-INT Covered Tuesday for 8.7% profit. 41.07 37.71
BCS, Barclays Bank SHORT-SWI Covered Tuesday for 6.5% profit. 12.93 12.14
OKE,
OKE Oneok SHORT-SWI Covered Tuesday for 4.8% profit. 43.53 41.57
ASIA,
ASIA AsiaInfo SHORT-SWI Covered Wednesday for 1% loss. 11.94 12.05
WAG, Walgreens LONG-INT Small long position; stop at 28.50 29.33
HXL,
HXL Hexcel SHORT-INT Covered Tuesday for breakeven.
. 24.36 24.35
IAG,
IAG IamGold SHORT-INT Small short position. 11.89
LAZ,
LAZ Lazard SHORT-SWI Covered Tuesday for 3.3% profit. 25.39 24.57
IMAX,
IMAX Imax SHORT-SWI Don’t have big short position in this one; strong. 22.72
JAZZ, Jazz Pharma SHORT-SWI Looking for another 2-3 down days but reduce? 45.25
NSC,
NSC Norfolk South SHORT-SWI Small short position. 69.25
RBC, Regal-Beloit SHORT-SWI Covered Thursday for 3% profit. 61.48 59.77
DY,
DY Dycom SHORT-INT Small short position. 17.18
QSII, Quality Systems SHORT-INT New low again Wednesday; good sign 26.54
3

4. COF,
COF Capital One SHORT-INT Small short position 51.74
RBS, Royal Bank SHORT-INT Covered Thursday for 15.5% profit. 7.43 6.44
HNR,
HNR Havest Natural AGGRESSIVE Small short position. 8.91
SHOO,
SHOO Steven Madd SHORT-
SHORT-INT Wed late to short; consider covering Friday am 34.97
TIF,
TIF Tiffany SHORT-
SHORT-INT Downtrend firmly in place last 2 months 51.64
LVLT, Level 3 Comm. SHORT-
SHORT-SWI Small short position.
NFX,
NFX Newfield Expl LONG-
LONG-INT position;
Small long position; only hold days. 25.96
CLB
CLB, Core Labs SHORT-
SHORT-INT Small short position. 113.50
FFIV,
FFIV, F5 SHORT-
SHORT-INT Small short position. 96.63
RHT, Redhat
HT, SHORT-
SHORT-INT Small short position. 54.15
Here are some highlights of comments and stock ideas from the LIVE Trading Room. Try a $1 trial for 1 week using this
link: http://www.tradestocksamerica.com/trading-room.php
June 27, 2012 June 27, 2012
TSA Moderator Chat TR User Chat
[06:10 am] Mitch K: how are you guys doing this morning? [06:11 am] apple : good morning to all alert traders
have you been behaving? [06:11 am] apple : gm qwert
[06:11 am] Mitch K: AAP had a warning back in mid0May, that [06:12 am] apple : gm doji
should give a headsup to ORLY doji. The auto part stores [06:12 am] khall : gm all
were on a hot run for a year or so [06:12 am] apple : g, eddy
[06:13 am] Ed : good morning traders [06:12 am] apple : gm cd
[06:31 am] Ed : watching ETP for potentio short [06:12 am] garyb : Good morning everyone!
[06:31 am] Mitch K: watching SUPGN again today, mostly long [06:12 am] joeytsa : Good morning Mitch,Ed traders
on big drop [06:12 am] doji : Thanks Mitch.
[06:32 am] Mitch K: so it should give more trades today [06:12 am] apple : gm khall
[06:32 am] Mitch K: remember SUPN had a high of 15+ to [06:12 am] doji : Hi Apple, Khall!
around 11 yesterday [06:12 am] eddy : hi apple khal doji joey
[06:33 am] Mitch K: watching LNCR for top to short [06:12 am] doji : Ji Joey!
[06:34 am] Mitch K: watching healthcare stocks move up: UNH, [06:12 am] garyb : Hi Joey doji apples khall eddy ed Mithc
AET, WLP, for tops to short [06:12 am] eddy : nd gari Ed:)
[06:34 am] Mitch K: watching VECO for short [06:13 am] joeytsa : reports: core mixed, ending home sales @
[06:35 am] Mitch K: watching PCYC for bottom to buy 7pst, crude inv 7:30pst
[06:35 am] Mitch K: watching FOSL for bottom to buy [06:13 am] apple : gm joey
[06:36 am] Mitch K: watching SWN for top to short [06:13 am] doji : 40-day silent period for FB ended yesterday;
[06:36 am] Mitch K: watching for more buying in ESRX stocks dropped
[06:37 am] Mitch K: monitoring FB drop [06:13 am] joeytsa : gap up: MON,LEN,AMRN,WPRT,WYNN,AVAV
[06:37 am] Mitch K: watchign FSLR for short [06:14 am] joeytsa : gap down ; OMER,ORLY,AAP,AZN
[06:38 am] Mitch K: watching FINL for another short today [06:14 am] apple : thx joey
[06:38 am] Mitch K: watching GNC for top to short [06:15 am] mikewd2 -: thanks Joey
[06:38 am] Mitch K: watching APKT for bottom to buy [06:15 am] apple : gm mike
[06:39 am] Mitch K: FSLR almost always weak so like shorting [06:15 am] mikewd2 -: hi apple
this, tends to drop more than others [06:16 am] eddy : hi mike
[06:39 am] Mitch K: looking for under $30 on SWN short [06:16 am] doji : Pending Home Sales today at 10:00AM and Crude
[06:39 am] Mitch K: also watching other ag-chemical stocks for Oil Inventories at 10:30AM so be careful
top: AGU, IPI, MOS, POT [06:18 am] qwert : wprt a nice gap up
[06:39 am] Mitch K: watching MON for short [06:19 am] apple : thx doji
[06:39 am] Mitch K: watching CNC for top to short [06:21 am] mikewd2 -: autoparts stores certainly out of favor
[06:40 am] Mitch K: watching HRB for top to short, soon rightnow
[06:41 am] Mitch K: watching VRTX for bottom to buy [06:22 am] scalpman : ORLY -30
[06:41 am] Mitch K: watching VALE for bottom, take time [06:22 am] doji : Gold futures moving up
[06:41 am] Mitch K: watching UA for bottom [06:24 am] joeytsa : overnight ES range 1312-1319
[06:42 am] Mitch K: watching BBY for bottom to buy [06:25 am] apple : thx joey
[06:43 am] Mitch K: watching MSM for bottom to buy [06:25 am] doji : ORLY lossing all 2012 gains in the pre-market....
[06:44 am] Mitch K: monitoring ELX for top, take time [06:26 am] joeytsa : so far, for every 1 company raising
[06:45 am] Mitch K: ORLY should give multiple trades today expectations..3.6 are warning
long and short [06:26 am] skydiver : gm Mitch, Ed, and all the great traders. Thnx
[06:45 am] Mitch K: no hurry on GTI joey for info
4

5. [06:45 am] Mitch K: watching GTI for bottom [06:26 am] scalpman : sorry wrong on ORLY...-16
[06:46 am] Mitch K: monitoring TNGO for bottom, low vol but [06:27 am] apple : gm sky
good drop [06:27 am] apple : gmscalp
[06:47 am] Mitch K: VECO tends to correct harder than most, [06:27 am] skydiver : gm apple
looking for 31.60 or lower for short [06:27 am] scalpman : Hi apple
[06:47 am] Mitch K: still watching LNCR for top [06:27 am] doji : Maybe you are looking at the future Scalpy...
[06:47 am] Mitch K: healthcare stocks correcting hahaha
[06:49 am] Mitch K: watching SHFL for bottom to buy [06:28 am] doji : Indices moving in pre-market
[06:49 am] Mitch K: watching APKT closer for bottom [06:28 am] doji : any news?
[06:49 am] Mitch K: watching TSCO for bottom to buy [06:29 am] apple : that's some drop!
[06:51 am] Mitch K: take your time before buying bottoms for [06:29 am] joeytsa : not seeing any doji
longs that are droping [06:31 am] doji : Thanks Joey
[06:51 am] Mitch K: this correction real nice for shorts, take time [06:32 am] apple : thx MK
before covering, i think these are going to mature a lot [06:37 am] chinhngo : cmg drop 9 point
[06:52 am] Mitch K: consider covering AGU short [06:39 am] doji : Healthcare stocks strong
[06:52 am] Mitch K: looking to start gradaully covering GNC [06:39 am] skydiver : what happened to DLT
short [06:39 am] skydiver : DLTR?
[06:53 am] Mitch K: consider covering FSLR short [06:39 am] mikewd2 -: out ORLY ln
[06:54 am] Mitch K: watchign TTWO for bottom [06:41 am] joeytsa : nice rebound in ORLY and SUN
[06:54 am] Mitch K: HRB short idea no good [06:41 am] joeytsa : SUPN
[06:54 am] Mitch K: UA bouncing [06:41 am] skydiver : ok - 2 for one stock split on DLTR - I get it now
[06:54 am] Mitch K: consider covering some of FINL short :)
[06:55 am] Mitch K: more downside on LNCR short [06:42 am] apple : we missed that one...
[06:55 am] Ed : be patient on this one [06:43 am] doji : UNH reversing
[06:55 am] Mitch K: watching ZNGA for bounce soon, low [06:43 am] mikewd2 -: out 2nd L on ORLY
priced one [06:45 am] joeytsa : good one mike
[06:55 am] Ed : monitoring SSYS for potential short [06:47 am] doji : UA
[06:56 am] Mitch K: more downside on AMRN but need bounce [06:48 am] mikewd2 -: AAP moving up also
first to short into [06:48 am] skydiver : out 3/4 AAP L
[06:56 am] Mitch K: watching FDO for bottom to buy [06:49 am] skydiver : LNKD been dropping
[06:58 am] Mitch K: GNC not bottommed yet for short [06:49 am] doji : LNKD
[06:58 am] Mitch K: monitoring M for bottom [06:50 am] mikewd2 -: out 3rd L on ORLY - wow, nice $1 bounces
[06:58 am] Mitch K: watching URBN cowboy for bottom [06:50 am] apple : NFLXdropping
[06:58 am] Mitch K: watching CSTR for top to short [06:50 am] apple : great job mike
[06:59 am] Mitch K: monitoring EXK drop [06:50 am] skydiver : nice Mike
[07:01 am] Mitch K: watching HZNP for bottom to buy [06:51 am] scalpman : Al out GNC S
[07:01 am] Mitch K: watching ADS for top to short [06:51 am] scalpman : All out MON
[07:01 am] Mitch K: watching CMO for top to short [06:51 am] skydiver : all out of AAP L
[07:06 am] Mitch K: should be out of GNC short [06:52 am] skydiver : thnx Mitch
[07:07 am] Mitch K: more upside on FOSL bounce [06:52 am] doji : out 1/2 UNH short
[07:08 am] Mitch K: nice one on ssys eddie money [06:52 am] apple : thx for the advice MK
[07:08 am] Ed : consider covern some SSYS if u took short [06:52 am] doji : FB
[07:08 am] Mitch K: monitoring ALKS, [06:55 am] skydiver : pending home sales coming up 5 minutes
[07:09 am] Mitch K: watching for short on GPC on top of this [06:56 am] apple : HOG
bounce, looks like here [06:56 am] apple : thx sky
[07:15 am] Ed : covering 3/4 ETP short dont like action will [06:57 am] apple : E - SSYS looks great!
place last 1/4 stop @ breakeven [06:57 am] doji : SSYS going bananas
[07:17 am] Mitch K: SPY toppy here [07:00 am] doji : Nice SSYS
[07:17 am] Mitch K: if you took GNC long consider selling and [07:00 am] doji : short
watch for 2nd helping short [07:00 am] joeytsa : pending homes up 5.9%
[07:17 am] Mitch K: consider selling FOSL long [07:00 am] doji : from R=50.73
[07:18 am] Mitch K: consider selling APKT and possible short [07:00 am] skydiver : pending merger with Ojet June 11 - wonder if
here it's getting close to the merger?
[07:18 am] Mitch K: watching MXIM for 2nd helping short, forgot [07:00 am] skydiver : on SSYS
to post first one to you [07:02 am] doji : ORLY breakout
[07:18 am] Mitch K: consider covering remaining LNCR short [07:02 am] doji : run ORLY run
[07:19 am] Mitch K: not sure if i posted MSM but still more [07:03 am] doji : out 1/4 ORLY long
upside for long [07:04 am] skydiver : FIRE jumped nicely -
[07:19 am] Mitch K: consider selling UA long [07:05 am] doji : SPY new hod... don't know why it took 5 minutes to
[07:19 am] Mitch K: that meant to sell APKT long and consider react to the home sales news
short [07:08 am] skydiver : nice one doji on SSYS
[07:20 am] Mitch K: not much strength in FDO bounce [07:08 am] qwert : ssys awesome thx Ed
[07:20 am] Mitch K: monitor some of tehse for tops to short after [07:08 am] doji : Yes, thanks Ed
you close long, like VRTX [07:08 am] skydiver : sorry - didn't see Ed posting SSYS - yes Ed
[07:20 am] Mitch K: consider selling most of VRTX here, getting nice one!!!
toppy [07:09 am] Ed : i need to find like 5 of these per day :)
5

6. [07:20 am] Mitch K: consider selling TTWO long [07:09 am] doji : The chart is on the board
[07:23 am] Mitch K: watching SEE for bottom [07:09 am] skydiver : wouldn't hurt my feelings Ed if you did :)
[07:23 am] Mitch K: looking for 66.35 area on CSTR short [07:09 am] qwert : okay :)))
[07:23 am] Mitch K: you guys out of GTI , wasnt big mover but [07:10 am] eyes : ED what was your entry
low priced stock is deceptive, was a 2% move [07:10 am] jsn13 : ed and qwert, which bar do u guys take SSYS
[07:25 am] Mitch K: AMRN toppy for 2nd short short?
[07:25 am] Mitch K: consider selling most o fM long [07:10 am] apple : your work is cut out for you... that would be quite
[07:29 am] Mitch K: watching APOL for bottom again fantastic tho
[07:30 am] Mitch K: you could take the profits on this next [07:10 am] apple : SPY hod
bottom, that works too [07:10 am] doji : SPY new hod.... any news from Europe?
[07:30 am] Mitch K: watching AMRN to see if goes to new lows [07:11 am] mikewd2 -: WPRT signs deal with GM
below 14.20 area, will take awhile if it does get there. [07:12 am] apple : doji we think alike!
[07:31 am] Mitch K: watching QSII for multiple trades [07:12 am] doji : UA heading to close the gap
[07:35 am] Mitch K: should be ready in a few weeks eyes, going [07:13 am] doji : aggg missed the short in LEN
to be really fabulous [07:14 am] joeytsa : tight range,hearv vol on ES past 5 minutes
[07:42 am] Ed : SPY breaking down from tight range [07:15 am] skydiver : family calls from Colorado Springs and those
[07:54 am] Mitch K: watching FMCN fires side tracked me this morning. MJissed CRM L
[07:55 am] Mitch K: monitoring MKC [07:15 am] joeytsa : CO is a mess
[08:04 am] Mitch K: watching BVSN [07:15 am] joeytsa : prayers out to all there
[08:08 am] Ed : monitoring LULU fo potential long no rush [07:15 am] khall : they are safe tho right sky?
[08:22 am] Mitch K: watching CMI for bottom [07:15 am] skydiver : family reunion there in 2 weeks or so -- many
[08:29 am] Mitch K: CMI bottoming evacuated Flying W ranch burned down last nite -- praying for all
[08:31 am] Ed : placing stop last 1/2 LULU long at breakeven [07:16 am] skydiver : yes - safe -
[08:31 am] Ed : reducing 1/2 LULU long plus .30 to get ahead of [07:16 am] doji : Watching AMRN
trad [07:16 am] joeytsa : saw that, air force acadmy evacuated
[08:35 am] Mitch K: watching LNCR [07:16 am] qwert : me to doji amrn
[08:41 am] Mitch K: CMI at top [07:18 am] doji : ARNA down 3%.... hummm
[09:02 am] Ed : reducing 1/4 of LULU long [07:27 am] murano : APOL
[09:02 am] Ed : reducing 1/4 of LULU long [07:27 am] doji : 3min for oil inventoires relase; oil stocks moving....
[09:37 am] Mitch K: watching LIFE someone must know something
[09:40 am] Ed : ARNA haltd news pending [07:27 am] doji : or just the market maker placing their traps?
[09:52 am] Ed : per FDA [07:28 am] joeytsa : you never know doji
[09:52 am] Ed : 1st weght loss drug approved in 13years ARNA [07:30 am] mikewd2 -: loving ORLY today 5 very successful long
[09:53 am] Ed : this is why VVUS is up they should do even plays
better [07:31 am] skydiver : Great job mike !!! :)
[09:55 am] Ed : OREX also moving on the news of ARNA, lower [07:31 am] joeytsa : nice mike
priced though [07:31 am] apple : excellent mike
[10:10 am] Mitch K: consider covering LNCR short [07:31 am] Mitch K: nice work mike, AAP and GPC are auto parts
[10:18 am] Ed : SPY consolidating at highs related, also bouncing sharply
[10:40 am] Ed : 5 minutes for opening of ARNA [07:31 am] eyes : so when is the indicator going to be finished
[10:50 am] Mitch K: watching AGP [07:32 am] qwert : FDO at ld
[10:54 am] Ed : more selling in SPY [07:32 am] qwert : ld= lod
[11:09 am] Ed : monitoring ULTA for long no rush [07:32 am] eddy : ARNA Moving
[11:16 am] Mitch K: watching AAP for short [07:36 am] khall : I can't wait!!!
[11:21 am] Mitch K: AAP toppy [07:36 am] eyes : awesome
[11:30 am] Mitch K: monitoring TIF [07:38 am] victor51 : HZNP moving. Dangerous but nice ride so far
[11:30 am] Ed : will pass on ULTA, [07:40 am] joeytsa : Crude inv came in at -0.1M, -0.5M forecast,
[11:46 am] Ed : SPY trading in small range 2.9M last
[12:00 pm] Mitch K: TIF turning up [07:41 am] qwert : FDO new lod
[12:08 pm] Mitch K: monitoring LNCR again [07:45 am] qwert : ua at lod
[12:11 pm] Mitch K: watching LIVE [07:46 am] eyes : ED What candle you get in on ssys
[12:13 pm] Ed : nice breakout in SPY from tight range [07:51 am] victor51 : hanks Mitch HZNP Holding 1/3
[12:20 pm] Ed : watch AKS @ near 6.24, has natural resistance [07:52 am] skydiver : time is up for me. . see you all tomorrow in the
at 6 also morning :) decent day
[12:25 pm] Ed : if u took AKS short would cover [07:53 am] khall : bye sky :-)
[12:27 pm] Mitch K: LIVE and LNCR getting toppy [07:54 am] apple : have a great day sky
[12:37 pm] Ed : OSRI alert [07:55 am] qwert : bye sky
[12:52 pm] Ed : getting pullback in SPY [07:57 am] eyes : qwert did you get the setup
[12:52 pm] Ed : looking for 19.59 final 1/4 short BBY [07:58 am] jsn13 : VECO 2nd helping short watch
[12:53 pm] Mitch K: SUPN toppy [07:58 am] qwert : which setup eyes
[12:55 pm] Mitch K: unless you dont care about making more [07:58 am] eyes : the computer
money [07:59 am] qwert : oh no not yet still researching
[12:55 pm] Mitch K: make sure you track LNCR tomorrow, going [08:00 am] eyes : well i am going back to Utah tommorow will be
to be good trades on it able to trade again on monday
[12:55 pm] Mitch K: good job Eddy money [08:00 am] Ed : sounds great
[12:55 pm] Ed : out all BBY short [08:00 am] qwert : awesome eyes
6

7. [12:57 pm] Mitch K: behave yourself apple, dont do anything i [08:00 am] qwert : u mean u dont want to trade off your phone :)
wouldnt do [08:01 am] eyes : nope
[12:59 pm] Ed : have great evening [08:02 am] eyes : i have a laptop but it is not the same
[01:00 pm] Mitch K: good trading day everyone, have a great [08:03 am] eyes : I need My battle Station LOL
evening [08:03 am] jsn13 : Ed, may i know which bar did u enter SSYS
[01:02 pm] Mitch K: later guys, be good short?
[01:02 pm] Ed : have great evening tradrs [08:03 am] Ed : soon as get chance scanning
[01:03 pm] Mitch K: exercise, eat good, sleep a lot and study [08:04 am] qwert : yeah i know i will trade off laptop next week
[08:05 am] eyes : veco made new high
[08:05 am] eyes : any thoughts
[08:09 am] eyes : Ed any thoughts on VECO
[08:09 am] Ed : on veco would like a move closer to 34 ish area
before considering short
[08:11 am] eyes : thanks
[08:12 am] eyes : i was looking at the 3 min 3% move strait up
[08:15 am] qwert : Ed are you long lulu
[08:24 am] eyes : are you qwert
[08:25 am] qwert : yeah small position at 62.05
[08:25 am] qwert : dont like the sideways action
[08:26 am] eyes : how did you get that price
[08:26 am] jsn13 : opening of the 11.12 bar eyes...
[08:26 am] qwert : had limit order
[08:27 am] jsn13 : signal is a hammer right above 62 potential
support..
[08:27 am] jsn13 : qwert, where did u enter SSYS short?
[08:28 am] qwert : 49.98 9:59 bar small position
[08:28 am] Ed : yes qwert very small position also
[08:28 am] qwert : be nice if lulu get some traction
[08:29 am] jsn13 : beside the peak volume bar hitting the potential
resistance, we have no candlestick signal right? that's y u go small?
[08:30 am] qwert : yes jason mostly based on trading action
[08:30 am] doji : Is that for LULU Ed?
[08:30 am] qwert : at least for me
[08:31 am] Ed : yes
[08:32 am] victor51 : Ed, How did you select 34 for veco short. Is it
yesterday's high?
[08:32 am] jsn13 : ok i see....something like ed's yesterday trade on
BBY....gotcha.....
[08:32 am] Ed : oops meant the 33ish area
[08:33 am] Ed : i have gone number crazy, LOL
[08:33 am] eyes : Ed what price you get LULU
[08:33 am] murano : ROST
[08:34 am] qwert : nice murano rost
[08:34 am] apple : thx murano
[08:35 am] doji : FSLR
[08:35 am] doji : LNCR break out
[08:37 am] Ed : 62.05
[08:38 am] eyes : you guys are good I thought we are suppost to
wait for confirmation
[08:38 am] Ed : i had confirmation
[08:39 am] qwert : news on lncr?
[08:39 am] eyes : i realized the hammer was i wait for the end of
first green candle
[08:39 am] doji : Takeover chatter
[08:42 am] doji : Linde may take LNCR
[08:42 am] doji : Financial Times news
[08:44 am] doji : Bid is for $40/share so be careful
[08:44 am] doji : too many details
[08:49 am] doji : LNCR consolidating in 1min chart
[08:49 am] apple : wow LNCR very nice
[08:51 am] jsn13 : Apple did u take it long at the breakout?
[08:52 am] apple : no jsn, i would have tho, i had to step away for
my son
[08:54 am] jsn13 : ok if u were to take it, where would be ur entry
and stop?
[08:56 am] gregsemple2003 : I just rejoined the room, I remember
7

8. from one of the chat logs that Mitch was talking about a new custom
indicator for NinjaTrader? Could someone tell me how to get started
with that?
[08:57 am] apple : not out yet greg -- MK will announce when it is
available
[08:57 am] gregsemple2003 : ah ok, ty apple
[08:59 am] victor51 : Mitch, LNCR was even hotter than HZNP. Is
that stock always volatile?
[09:00 am] eyes : please post thoughts on lncr
[09:02 am] gregsemple2003 : the CCI is new to me, i watched
mitch's videos with the MACD and stochastics to identify entries...
how to identify entries with the CCI/volume?
[09:04 am] Ed : needs to break out of this range eyes
[09:05 am] doji : Back I missed the whole run in SLB....agggh
[09:05 am] apple : jsn, if looked at LNCR chart when MK alerted. on
1 min and you were ready to make a decision, there was inc. vol at
9:36, :37, I would have entered on that 9:36 or 9:37 candle, range
on 1st 26.54-37
[09:05 am] apple : doji there will be another...
[09:05 am] doji : Oil gaping up
[09:07 am] apple : jsn, one potential target would be at 28.21 which
on daily is where it gapped down and the range for that day was
28.21-29.03 which could have been another target
[09:07 am] apple : which is where it began to consolidate
[09:07 am] eyes : i am out -34
[09:08 am] doji : Missed ORLY long also
[09:08 am] apple : there will be more...
[09:09 am] doji : Not my day definetely....multitasking is not helping
[09:10 am] apple : just sit back, then, relax and observe
[09:10 am] doji : hahahaha...
[09:10 am] eyes : that makes two of us Doji
[09:10 am] jsn13 : thanks apple nice explanation...
[09:10 am] apple : u r welcome jsn
[09:11 am] jsn13 : ur stop would be?
[09:11 am] eyes : See you all monday Good Luck to all
[09:11 am] doji : I think I'll follow shark advise: trade options....not
need to stick my face on the screen the entire day
[09:12 am] apple : better off doji for now, otherwise too intense
[09:12 am] apple : buy eyes, have a great weekend, glad you are
back in the saddle again
[09:13 am] doji : LNKD spike in price and volume
[09:14 am] apple : thx doji
[09:16 am] apple : greg, the CCI acts like a bollinger band
[09:18 am] gregsemple2003 : ok, so basically read it to see
consolidations
[09:20 am] gregsemple2003 : i mean, times where the market is
quiet then starts to head in a certain direction?
[09:20 am] gregsemple2003 : thx for answering n00b questions btw
:)
[09:22 am] Ed : also good for detecting divergence
overbought/oversold, good for reversals
[09:22 am] apple : agree
[09:22 am] gregsemple2003 : ah, gotcha thanks
[09:24 am] apple : confirmation, on TS it colors the dips to indicate
a change
[09:26 am] jsn13 : LNKD breakout
[09:27 am] apple : MK do you think CMEDY is a BS candidate
[09:28 am] apple : thx jsn
[09:29 am] Ed : thx jason forgot all about it
[09:30 am] jsn13 : Juz out half +47 cents...still have half...stop at BE
at 107.32 entered late....
[09:31 am] apple : good job jsn
[09:32 am] apple : thx E, makes the pic clear
[09:32 am] Ed : thats what I was looking at yesterday when I
mentioned 107.21 area
[09:33 am] jsn13 : SPY not helping much....but still gonna leave my
8

9. stop at BE....yup got that from u ed....
[09:33 am] Ed : FB has not gotten there yet
[09:33 am] jsn13 : still saw it late....and juz got stopped out...
[09:34 am] jsn13 : ed, how would u have handle it?
[09:35 am] Ed : handle it just like u would a short, meaning when ur
long look for same signs if u were going to take it short
[09:35 am] apple : jsn, i thought you waiting for the short...
[09:36 am] jsn13 : i got the breakout....so did not want to short
it....so u guys took it short instead?
[09:36 am] Ed : this is area lookn at for FB, clean breakout with vol
over green horizontal line next days
[09:37 am] apple : thx E
[09:37 am] doji : Missed that Ed on FB
[09:37 am] doji : Can you repeat please?
[09:37 am] apple : MK, how is life treating you?
[09:38 am] Ed : I like odds on LNKD breakout
[09:38 am] apple : doji, he is looking for a break about 33.50
[09:38 am] doji : ok
[09:38 am] apple : above
[09:38 am] jsn13 : Ed, so ur entry would be around the smae for
LNKD long?
[09:39 am] Ed : 107.21 on breakout
[09:39 am] jsn13 : then u wont short it right?
[09:40 am] Ed : its also 1st attempt in 15 days so worth watching
see if arrea up hear holds
[09:40 am] qwert : LNCR new hod
[09:40 am] apple : LNCR still moving...
[09:40 am] apple : qwert, we think alike
[09:40 am] Ed : no I would not short it
[09:40 am] qwert : :0
[09:40 am] jsn13 : ok thanks ed.....
[09:41 am] Ed : does not mean wont provide money on short, but I
prefer long
[09:41 am] apple : thx E
[09:41 am] apple : it's pretty scrong
[09:41 am] eddy : this must be the FDA decision
[09:42 am] eddy : we need to e on top of this news on arna
[09:42 am] jsn13 : me either.....thanks....try not to fight the trend...
[09:42 am] eddy : whoever knows something shout [plesase
[09:42 am] Ed : "My Man" eddy, I said that in my Denzel Washington
voice
[09:42 am] apple : lol, i heard you
[09:43 am] doji : I though I was "you man" Ed.... hahaha
[09:43 am] eddy : lol
[09:43 am] Ed : lol
[09:43 am] apple : he has many men...
[09:44 am] apple : a whole army
[09:44 am] doji : hahaha
[09:44 am] eddy : no shares to short on ARNA better have fda
aproval so we long :)
[09:45 am] apple : that's what i was "hoping" for...
[09:45 am] doji : You will have to be very quick to catch it...
[09:45 am] jsn13 : wow LNCR another breakout above 31....crazy
scrong....
[09:46 am] eddy : if they have fda aproval ARNA will get min 30%
gain
[09:47 am] doji : SPY almost 1%...
[09:48 am] Ed : LNCR/ESRX anticipation of ruling from supreme
court
[09:48 am] Ed : ???
[09:48 am] apple : thx E
[09:49 am] cdougan : gotta run, Have a great day traders. And
thanks for the great calls
[09:49 am] Ed : it was quesiton, I think LNCR is an Obama
beneficiary along with ESRX and UNH
[09:49 am] apple : bye cd
9

10. [09:49 am] apple : have fun
[09:49 am] Ed : c ys cdougan
[09:50 am] khall : I think UNH is more managed care, so would be
helped if the law is struck down
[09:50 am] cdougan : take care
[09:50 am] Ed : interesitng just reading report also says UNH,ESRX
would benefit per Cramer
[09:50 am] Ed : we shall see
[09:51 am] apple : haha
[09:51 am] Ed : thats why Khall and Cramer get paid the big $$$$$$
[09:51 am] apple : lol
[09:51 am] khall : LOL - yeah, right
[09:51 am] apple : look at VVUS
[09:51 am] doji : LCR just crazy
[09:52 am] doji : LNCR
[09:52 am] apple : now that was a great one!
[09:54 am] eddy : anyone took vvus i just watched
[09:54 am] apple : i am waiting for ARNA
[09:55 am] eddy : me 2
[09:55 am] khall : me too
[09:57 am] eddy : arna will get halted if it gains 10 % in 5 mns
[10:03 am] doji : Why is VVUS moving is it's supposed to do even
better than ARNA?
[10:03 am] doji : down
[10:03 am] apple : thx E bought some OREX akready moved .50
[10:03 am] Ed : VVUS trials were much better than ARNA
[10:04 am] doji : has dropped $1 fro his peak already
[10:04 am] Ed : Also, Im sure as a hedge due to folks who short
ARNA, went long VVUS/OREX to soften the blow
[10:06 am] eddy : surprisin that arna is still halted
[10:06 am] Ed : not saying they did, but it would be a good hedge if
u were short on ARNA
[10:07 am] jsn13 : apple where did u went long on OREX?
[10:08 am] apple : just after E mentioned it -- got it at 4.56
[10:08 am] doji : Jason, as long as the news on ARNA was released
for sure
[10:08 am] doji : as soon as
[10:09 am] jsn13 : apple, enter at the break of hod?
[10:09 am] jsn13 : doji what do u mean?
[10:10 am] doji : You mean that OREX will benefit from ARNA's
approval so you should have gone long as soon as the news were
released
[10:10 am] doji : forget about your indicators
[10:10 am] apple : truly i was quick, got when i could after E
mentioned it
[10:11 am] jsn13 : ok thanks apple and doji....undersatnd....
[10:13 am] apple : there was a nice little pullback there
[10:14 am] chinhngo : IF ARNA APPROVED SO WHAT IS EXPECT
HIGH PRICE? THANK
[10:14 am] apple : yes
[10:14 am] apple : it would be positive news
[10:15 am] chinhngo : HOW HIGH ARNA CAN REACH
[10:17 am] apple : what do you think? it's most recent high before it
dropped was about 12
[10:18 am] Ed : depends on many factors and its anyones guess
[10:18 am] apple : agree
[10:18 am] doji : Is that a bad tick in LNCR?
[10:18 am] apple : been consolidating since noon
[10:19 am] Ed : yes its bad tick
[10:19 am] apple : nice drop on LNCR
[10:28 am] eddy : Is normal?ARNA still halted?
[10:30 am] khall : it will resume at 1:45 eastern
[10:30 am] apple : thx, khall... have been waiting and waiting
[10:30 am] khall : me too - they announced it on CNBC
[10:32 am] eddy : in one hour khal?
[10:34 am] eddy : hello anyone?
10

11. [10:34 am] eddy : 1 45 eastern is in one hour?
[10:34 am] Ed : 11 minutes
[10:34 am] apple : no in about 11 min
[10:34 am] eddy : ok
[10:35 am] doji : How do you hadnle this trade? Do you just place
your limit orders at several levels so you get filled?
[10:35 am] doji : or just wait until the tarde resumes and place your
"market" order
[10:35 am] doji : Ed, Joey?
[10:35 am] apple : eddy eastern EST time is 3 hours ahead of the
PST time posted in the chatroom
[10:37 am] Ed : different for everyone but I prefer to observe the
action, and see if price will come to me, be it for long/short helps
create relaxed state
[10:38 am] eddy : i will just buy market
[10:38 am] apple : wait for a pullback, E?
[10:38 am] doji : The only concern is my connectivity... I may be
right on the direction and price but with this connectivvity it will be
hard to be filled... we'll see
[10:38 am] apple : then put in a limit order if you feel you need to
[10:39 am] Ed : pulllback or consolidation
[10:39 am] Ed : Like LNCR, it offered different spots to long without
chasing
[10:39 am] doji : That is my plan... just want to get your input
without giving you a pre-conceibed idea
[10:40 am] Ed : great to see how others do the do
[10:40 am] apple : haha, different strokes for different folks
[10:41 am] apple : this like waiting to see a race..
[10:41 am] Ed : oops I need to get my ticket
[10:41 am] apple : haha
[10:44 am] apple : nice 1 pt move on OREX, thix E
[10:45 am] apple : like a bat outa hell
[10:45 am] doji : ARNA Halted?
[10:46 am] apple : just shot out of a canon... need to wait now
[10:46 am] doji : Nope
[10:46 am] khall : geez
[10:46 am] apple : E is the wise man...
[10:49 am] apple : all that anticipation....
[10:53 am] doji : Keep in mind that ARNA was only 1.92 last
October
[10:54 am] doji : perhaps most of the FDA approval is already
priced
[10:55 am] apple : probably
[10:55 am] jsn13 : ed, could u share with us how u trade ARNA if u
do...thanks....
[10:55 am] apple : jsn, he mentioned earlier to wait for a pullback or
consolidation which is what it appears to be doing right now
[10:57 am] jsn13 : ok thanks....
[10:57 am] jsn13 : thats what i was thinking....
[10:57 am] jsn13 : opening of the bar after doji....
[10:58 am] apple : didn't end up taking it
[10:58 am] jsn13 : u took it ed?
[10:58 am] Ed : ye small position
[10:58 am] eddy : wat price ed
[10:58 am] doji : What is your price Ed?
[10:58 am] eddy : im long 12.04
[10:58 am] jsn13 : ok....thanks....
[10:58 am] eddy : where do i place stop?
[10:58 am] Ed : 11.61
[10:59 am] Ed : out at 11.93
[10:59 am] apple : good for you E
[10:59 am] apple : i am waiting for a bigger drop at this point
[10:59 am] doji : Me too Apple
[10:59 am] Ed : I was too, but sometimes when I see certain things I
go automatice
[10:59 am] doji : Lookiging at the tick charts give a clearer picture
11

12. [11:00 am] Ed : autmatic
[11:00 am] apple : and if it doesn't happen - NEXT!
[11:00 am] jsn13 : or a breakout if there is above 12 after
consolidation?
[11:00 am] doji : Volume has dried out
[11:00 am] Ed : it is an advance trade though, one can lose or gain
money quickly
[11:00 am] apple : like i said, next!!!!
[11:01 am] eddy : i lost my shit in thiis trade
[11:01 am] eddy : shirt
[11:01 am] jsn13 : i will juz watch wont take it....
[11:01 am] Ed : its an advanced trade if ur not use to best to not
trade them at all
[11:01 am] apple : watching ULTA
[11:01 am] Ed : hope u trade it small eddy
[11:02 am] eddy : no huge
[11:02 am] aussie123 : Darn...never thought of it...but the smart
play mzy have been to short weight watchers???
[11:02 am] Ed : case in point I am use to trading them and I still take
small position on those FYI
[11:02 am] apple : oh, eddy, you will have to learn the hard way....
[11:02 am] apple : nice one, aussie
[11:02 am] Ed : smaller than my normal position
[11:03 am] doji : I got filled at 11.34.... trading my stop however
[11:03 am] doji : just above the previous pivotlow....
[11:03 am] qwert : nice doji
[11:03 am] apple : how can you get smaller than 1?
[11:03 am] apple : lol
[11:04 am] apple : good one doji
[11:04 am] qwert : hahaha
[11:04 am] Ed : .543210
[11:04 am] qwert : 1/2 share
[11:04 am] apple : haha.....
[11:04 am] Ed : right
[11:04 am] doji : hahaah
[11:05 am] doji : Now I just need to follow Apple advise: watch and
relax...
[11:06 am] Ed : thought she said relax and watch
[11:06 am] doji : I like both ways... hahah
[11:06 am] apple : nice trend up on AAP today
[11:06 am] Ed : :) j
[11:07 am] apple : nice trend up onAAP today
[11:07 am] doji : ESRX
[11:07 am] doji : UNH reversed also
[11:07 am] doji : same with ULTA
[11:08 am] doji : Just moved my stop above breakeven... I'll keep it
until before the market closes
[11:09 am] doji : ARNA on conference call
[11:10 am] doji : Nice rebound on LNCR, it held 30
[11:11 am] apple : very nice
[11:18 am] khall : Falcone charged with securities fraud by SEC
[11:18 am] eddy : ed tell me something .if arna was halted how cud
it have been so high after the halt.who cud have bought?
[11:19 am] khall : eddy, probably some high frequency trader work
going on there
[11:19 am] doji : The market makers move the bid/ask prices at its
own discretion I'll guess
[11:19 am] doji : and then traders who place order at certain levels
got filled
[11:20 am] eddy : orex
[11:20 am] eddy : going down
[11:33 am] doji : What is going on with MNST?
[11:33 am] doji : same as ORLY?
[11:34 am] Ed : little sick
[11:34 am] gub : cmg lost a lot today also.
[11:34 am] doji : Little? That is a lost of over 5%
12

13. [11:35 am] Ed : alright lot sick
[11:35 am] doji : well, not as much as ORLY although
[11:35 am] doji : hahahaah, Ed, you are "the man"...
[11:35 am] Ed : lol
[11:35 am] gub : people are getting tired of Mexican food I guess.
[11:35 am] doji : You must be Peruvian
[11:35 am] Ed : in my 2nd life I was
[11:42 am] apple : ULTA looks like it was sleeping....
[11:47 am] khall : I was just going to comment on that apple
[11:48 am] apple : i had lost my connection - but we think alike khall
[11:49 am] Ed : beautiful minds think alike
[11:49 am] khall : awww - aren't you sweet?
[11:49 am] apple : lol, you got that right, my friend
[11:49 am] apple : he is
[11:53 am] apple : CMEDY went from 8.20 to 11.27 today
[11:55 am] apple : PANL also had a nide 2.5 pt move
[11:56 am] mikewd2 -: ty apple
[11:57 am] apple : SUPN is below its open at 12.56
[11:57 am] apple : MNST making a nice move
[11:59 am] joeytsa : nice rebound apple
[11:59 am] mikewd2 -: how's TS going for you Joey
[12:00 pm] joeytsa : i keep switching things around hahah
[12:00 pm] joeytsa : wish i had 12 monitors :)
[12:00 pm] apple : about a point, not bad for this time
[12:00 pm] mikewd2 -: good - get it right
[12:00 pm] sakii : PANL moving
[12:00 pm] joeytsa : a few things i cant find on TS i will use
lightspeed and madscan for...
[12:01 pm] joeytsa : so resizing things, moving things aroud the
monitors
[12:01 pm] doji : MNST nice 1 point move
[12:01 pm] apple : you still have LS?
[12:01 pm] joeytsa : yeah
[12:01 pm] apple : I am still getting used to TS, like it much better
[12:01 pm] joeytsa : lightspeed links to madscan, when i see a
quick mover, i can dbl click to load an ls chart..see if its worth it
[12:02 pm] apple : now ARNA is dropping, near where it opened
recently?
[12:02 pm] joeytsa : CNC quick spike
[12:02 pm] apple : i know. i did like the risers and fallers on LS and
madscan too
[12:02 pm] joeytsa : 60-70 cents
[12:02 pm] joeytsa : yeah, worth keeping it just for that
[12:03 pm] mikewd2 -: UVXY hod
[12:03 pm] apple : i closed my account...
[12:04 pm] joeytsa : plus wth lightspeed, it tells you the short status
of the stock
[12:04 pm] joeytsa : in the mm window
[12:05 pm] apple : right, liked that as well
[12:05 pm] joeytsa : plus if TS doesnt have shares to short, i still
have LS as a backup
[12:06 pm] joeytsa : havent really dug into the TS
hotlists/radarscreen, but seems like madscan blows them both away
[12:06 pm] Ed : was a nice move in MNST dont know if mentioned it
although put chart up
[12:07 pm] apple : thx, E, almost quittin time...
[12:07 pm] jsn13 : ed, where were ur entries on PANL and MNST?
[12:08 pm] Ed : 77.72 and 35.11
[12:08 pm] jsn13 : 2.34pm on MNST?
[12:08 pm] jsn13 : 77 or 70.72?
[12:08 pm] Ed : not sure i removed the charts
[12:09 pm] jsn13 : no prob....
[12:09 pm] Ed : must be 70.72
[12:09 pm] jsn13 : thanks...
[12:10 pm] jsn13 : if can may i know the time later? thanks...for
panla nd mnst...
13

14. [12:10 pm] Ed : k
[12:10 pm] jsn13 : *panl
[12:10 pm] Ed : lnap*
[12:10 pm] jsn13 : haha
[12:11 pm] apple : pay attention
[12:11 pm] jsn13 : aple, besides tarding, do u have other job?
[12:11 pm] Ed : yes MISS Apple, notice I used Miss since ur soo
young
[12:11 pm] apple : that ULTA was a slow mover but it did move
[12:12 pm] khall : yes, and it's still going!
[12:12 pm] Ed : did not have patience to wait for that one to setup
[12:13 pm] doji : SPY moving
[12:13 pm] doji : New?
[12:13 pm] doji : News?
[12:14 pm] Ed : have not heard anything
[12:17 pm] apple : AKS littlle stock moving
[12:18 pm] doji : Two days already the SPY has moved up....
[12:20 pm] apple : thx
[12:21 pm] khall : wow apple - are you in ULTA? Thanks for the
heads up on this
[12:22 pm] doji : SPY approcahing hod
[12:23 pm] apple : up about a point khall, pretty good
[12:23 pm] khall : yes, me too!
[12:30 pm] mikewd2 -: WFT hod
[12:30 pm] apple : thx mike
[12:32 pm] apple : SLD moving today
[12:33 pm] victor51 : Lisa are you there
[12:33 pm] mikewd2 -: did u mean SLB, apple?
[12:33 pm] khall : victor, she has family in town and I think left
[12:34 pm] apple : CAB broke out today
[12:34 pm] apple : SHLD, mike
[12:34 pm] apple : she did khall, you are right
[12:35 pm] victor51 : thanks Khall
[12:35 pm] khall : welcome
[12:35 pm] apple : SLB had a nice day as well, broke out on daily
[12:36 pm] mikewd2 -: doji must be working today
[12:36 pm] victor51 : Would like to hear your experinceif you trade
from chats on TS
[12:36 pm] victor51 : I mean charts
[12:37 pm] mikewd2 -: bought AGQwith plans to swing this morning
- not looking for hugh profits
[12:38 pm] mikewd2 -: OSIR
[12:40 pm] doji : Mike, are you still heavy on oil stocks?
[12:41 pm] joeytsa : victor, im working on chart trading with TS now
actually
[12:41 pm] mikewd2 -: yes but took some profits on some FST today
[12:41 pm] joeytsa : seems to work a lot like ninjatrader's chart
trading
[12:42 pm] mikewd2 -: i bought alot of FST down in the 6.3-6.5area
and now selling as it moves over 7
[12:42 pm] doji : Good because the party won't last long
[12:44 pm] apple : nice mike
[12:45 pm] apple : how do you like it, joey. haven't tried it yet
[12:45 pm] joeytsa : so far seems cool, just getting used to things
[12:45 pm] mikewd2 -: u still sim trading joey?
[12:46 pm] joeytsa : need to set up the oco/oso with it
[12:46 pm] apple : have you used optionstation?
[12:46 pm] joeytsa : yeah mike
[12:46 pm] joeytsa : getting used to the chart trading, use ctrl for
buys, alt for sells with the left cl
[12:47 pm] joeytsa : quick trade bar is kind of cool also
[12:47 pm] mikewd2 -: i liked the quicktrade bar when you showed
me yesterday
[12:47 pm] mikewd2 -: although didn't use it today
[12:48 pm] joeytsa : i havent yet either, but its SOOO much easier
to see the spread
14

15. [12:49 pm] joeytsa : fyi : when you place a trade with the Quick
Trade Bar it shows up on the matrix
[12:50 pm] mikewd2 -: TIF finaly moving after i dumped long for
small gain
[12:50 pm] mikewd2 -: getting some vol
[12:51 pm] joeytsa : MNST nice couple moves the past hour or so
[12:51 pm] doji : Too late on the day althought... keep on the watch
list for tomorrow
[12:51 pm] qwert : same here mike on tif
[12:51 pm] apple : is the quick trade the regular one at the top, or is
it something different
[12:51 pm] joeytsa : quick trade, right click, go to create..its in there
[12:51 pm] apple : thx
[12:52 pm] joeytsa : easier to see bid/ask...i didnt subscribe to for
market depth, did anyone here?
[12:53 pm] Ed : no thats why i have u guys/gals
[12:53 pm] apple : haha
[12:53 pm] doji : Good night fellas... hope I can connect for the first
hour in the morning.... have tons of work to do
[12:53 pm] joeytsa : haha, maybe the matrix can fill in some info?
[12:54 pm] apple : cool joey, will play with it later
[12:54 pm] jsn13 : ed, can i know bout ur entry time for PANL and
MNST earlier?
[12:54 pm] apple : have fun working, doji!
[12:54 pm] joeytsa : bye doji
[12:55 pm] apple : we will thx MK have a great evening
[12:55 pm] Ed : 2:34 on mnst and 3:02 panl
[12:56 pm] joeytsa : thanks Mitch
[12:56 pm] qwert : bye everybody wow awesome calls today thx
cya in the am
[12:56 pm] Ed : c ya qwert
[12:56 pm] jsn13 : thanks alot ed....
[12:56 pm] apple : thx MK, E and everyone. have a fun evening.
see you tomorrow
[12:56 pm] Ed : c ya apple
[12:57 pm] khall : bye guys
[12:57 pm] apple : bye khall
[12:57 pm] Ed : c ya kkkkkhall
[12:57 pm] apple : go to music class this evening....
[12:57 pm] joeytsa : what music class apple?
[12:58 pm] apple : robert, last of the season, piano and guitar...
[12:58 pm] Ed : piccolo class
[12:58 pm] apple : he also plays the recorder
[12:58 pm] joeytsa : nice
[12:59 pm] mikewd2 -: out UVXY 12.05
[12:59 pm] apple : now, if i could only get him to practice -- he is
quite good and memorizes everything
[12:59 pm] Ed : nice
[12:59 pm] apple : good one mike
[12:59 pm] mikewd2 -: +0.35
[12:59 pm] joeytsa : its all about practice
[01:00 pm] apple : i need to remember to set alerts
[01:00 pm] joeytsa : bye Ed
[01:00 pm] mikewd2 -: figured it would go one way or the other last
20 mins
[01:02 pm] victor51 : Thanks Joey. I think chart will help move
quickly. Do you agree? I will be practicing in sim
[01:03 pm] joeytsa : i like the click/drag aspect of it
[01:03 pm] joeytsa : but matrix does the same thing, just not on the
chart
[01:03 pm] joeytsa : Thank you Mitch..same to yu
[01:03 pm] joeytsa : you
[01:03 pm] victor51 : Thanks Mitch, Ed and the whole gang
15

16. SWI (SWING): 2-7 days INT: Intermediate term position 8 days to several months. Open Price: price paid on opening
long position or price sold on short position. Bold notes on table above represent changes from previous day.
Current positions are highlighted in yellow. Green colored lines are next probable positions to consider. Red, take action
or watch closely, no color usually were stocks just finished trading or are watching. Realize that opinions about stock
ideas can be changed at a moment’s notice during any trading day without any warning!
IMPORTANT: The notes in this stock list is how I have been writing notes to myself about stocks for 17 years. They are general
guidelines as to how I am approaching a particular stock and conditions may change during the next trading day that ay cause a
change in opinion before the next evening report is written.
Remember not to get too heavy in one sector and gradually move in because it is unrealistic to think we get the exact bottom. We want
to gradually move into this sector and eventually build full size long positions in them that may be swing trades lasting for days or
intermediate trades lasting weeks.
If you spend too much money too quickly, you will run out of ammunition, then get emotionally stressed when stocks are going against
you. If you get too leveraged you may be forced to sell at a loss because you are racking up losses at twice as fast if you are margined
2 to 1and then miss the big move up we are looking for in oil and gas stocks.
Advice: Don’t get leveraged in any one position long or short. Spread your money out between a variety of stocks and the higher
amount of money you are working with, the smaller percentage of money you can afford to trade in one stock position. The main
reasons why people fail to make money in stocks consistently (according to Mitch King):
1. They are too emotional, controlled by greed and fear.
2. Not using a high probability technique to buy and sell (or no technique at all!)
3. Position size is too big in one stock relative to total account value (which is related to #1 above).Not patient or willing to spend enough time to
learn a good trading technique.
4. Expectations are unrealistic to make large amounts of money in a short time period and at the same time violating #1, 2, 3 or 4 above.
Thoughts: Best odds only, be decisive, aggressive, mentally flexible, stay in position size, don’t overtrade and wait a little longer to buy
and wait a little longer to sell. You will find that will make you more money on your trades. Trade what you see, not what you hope for.
Intermediate and swing trades are really important to have trailing stop losses set.
Don’t trade unless the setup is there for you, then use the charts to tell you when the odds are heavily in your favor. Don’t force
anything to work for you, let the setups develop and then take advantage of that. Be patient. Stay in position sizes without letting any
intraday trade represent no more than 10-15% of your total account value. As you build your account, your position size percentage
should get smaller and smaller to lower your risk.
Stop losses: Many people ask about stop losses on intraday trading and my response is that the stops should be wider because they
are stops “just in case” a disaster news event hits the stock. When you follow the technical indicators as I show you on the intraday
scalping tutorials, rarely will a stop loss be hit. The indicators can be used with uncanny accuracy as a forecasting tool so don’t set
your stop losses on the intraday scalping too tight.
Anyone setting tight stops while scalping will consistently lose money on scalping because stocks move around a lot even though they
follow the technical indicators.
Stop losses on swing and intermediate term trades can be sent anywhere from 5-7-10% and trailing stop losses are best.
More thoughts: Keep steady, calm, decisive, aggressive. Have no fear and no greed. Keep looking at what to be doing next in a calm
manner. Don’t focus on the past or beat yourself up what you did or didn’t do or what you should have done. Just keep playing the
next shot, which in this business your next shot could be just sitting on the sideline.
If you have been uncomfortable shorting stocks, which most people are, try to learn this technique, it will be a useful tool in the coming
years.
When several stocks from the same sector are listed, like from the housing industry or steel industry for example, don’t short all of them
unless you are well diversified and it represents a small percentage of your total stock account (in that same account).
Also note that we are in what Martin Pring, PhD explains in his book The All-Season Investor, the business cycles and which one is
good for various financial investments. He would describe that we are in Stage II of the business cycle which is positive for bonds and
stocks but negative for commodities. Sometime in late 2011, we probably approach Stage 3 business cycle with rising inflation and
interest rates, which are usually bad for stocks and bonds.
A couple of technical analysis books you should consider:
Technical Analysis Explained, Martin Pring.
Technical Analysis from A to Z, Achelis
Technical Analysis for the Financial Markets, John Murphy.
Put the odds in your favor and have a great day!
Mitch King and staff
TradeStocksAmerica.com.
Contents: online stock trading, trading strategies, stock picks, stock market education, stock market investing course, educational stock
trading videos, stock trading newsletter, stock market newsletter,
16

17. Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to
its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers
are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may
change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks
cited above before or after this newsletter is prepared. Use the stock table above as a model portfolio of ideas that look attractive at the
time of the writing. Comments can be hypothetical in nature. Opinions expressed in these reports may change without prior notice.
Disclaimer - Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as the
opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report,
The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to
accept the risks when investing or trading in any financial markets. Don't trade with money you can't afford to lose. This website is
neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits
or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily
indicative of future results.
17