[Nov 22, 2009 5:01:13 PM PST] InvestorsLive nice welcome michael and all the others

[Nov 22, 2009 5:01:16 PM PST] InvestorsLive all the first timers, welcome

[Nov 22, 2009 5:01:18 PM PST] preston This is my first real chat so I’m looking forward to it.

[Nov 22, 2009 5:01:43 PM PST] InvestorsLive One thing too – even members that have been here for a months time… I feel like some of you don’t know the dashboard exhist

[Nov 22, 2009 5:01:45 PM PST] InvestorsLive http://www.investorsunderground.com/dashboard/

[Nov 22, 2009 5:01:53 PM PST] InvestorsLive exist*

[Nov 22, 2009 5:02:02 PM PST] cpaul good to know our backs are being watched 🙂 Still a rookie 🙂

[Nov 22, 2009 5:02:04 PM PST] InvestorsLive so please keep that in mind, there’s a lot there and the seminar’s are all linked right there

[Nov 22, 2009 5:02:38 PM PST] InvestorsLive We’re always looking out for everyone cpaul 🙂

[Nov 22, 2009 5:02:46 PM PST] InvestorsLive anyhow

[Nov 22, 2009 5:02:56 PM PST] InvestorsLive welcome all – same thing as normal I have a bunch of questions that were submitted

[Nov 22, 2009 5:03:02 PM PST] InvestorsLive I’m going to go over those like last time

[Nov 22, 2009 5:03:08 PM PST] InvestorsLive please keep to topic if you have questions

[Nov 22, 2009 5:03:13 PM PST] cpaul thank you!

[Nov 22, 2009 5:03:13 PM PST] InvestorsLive based on what I’m going over

[Nov 22, 2009 5:03:18 PM PST] InvestorsLive otherwise just PM me

[Nov 22, 2009 5:03:22 PM PST] InvestorsLive and keep it out of channel

[Nov 22, 2009 5:03:28 PM PST] InvestorsLive if a question stems and is ON TOPIC feel free to add it

[Nov 22, 2009 5:03:37 PM PST] InvestorsLive after seminar I will post the chat logs as well as notes like last time

[Nov 22, 2009 5:03:45 PM PST] InvestorsLive Basically my prepared answers from email

[Nov 22, 2009 5:03:47 PM PST] InvestorsLive questions

[Nov 22, 2009 5:04:27 PM PST] InvestorsLive And one other note, you guys know I do the recaps – yes they are good marketing tools because we’ve been on Fire for quite some time now but more importantly

[Nov 22, 2009 5:04:34 PM PST] InvestorsLive those having trouble with any trading terms

[Nov 22, 2009 5:04:36 PM PST] InvestorsLive jargon etc

[Nov 22, 2009 5:04:45 PM PST] InvestorsLive I think it’s a great way to see what was said, the 1 min chart

[Nov 22, 2009 5:05:10 PM PST] InvestorsLive so while they seem braggish by nature – duh… they are GREAT learning tools

[Nov 22, 2009 5:05:20 PM PST] InvestorsLive so even if you were in chat I would highly suggest checking out the recaps

[Nov 22, 2009 5:05:21 PM PST] InvestorsLive http://www.InvestorsLive.com/2009/11/22/seminar-tonight-plus-60-reasons-to-join-investorsunderground/

[Nov 22, 2009 5:05:25 PM PST] InvestorsLive there’s 60 of them

[Nov 22, 2009 5:05:34 PM PST] InvestorsLive So – here we go

[Nov 22, 2009 5:05:38 PM PST] InvestorsLive start off simple

[Nov 22, 2009 5:05:46 PM PST] InvestorsLive QUESTON: When you sell do you usually sell at the bid or the ask?

[Nov 22, 2009 5:06:12 PM PST] InvestorsLive 95% of the time on the offer I would say, I like to sell into strength, if you wait til it’s too late a lotta times you coulda/woulda/shoulda got such a better price

[Nov 22, 2009 5:06:37 PM PST] InvestorsLive I’d rather say I coulda/shoulda/woulda made rather than I shoulda/coulda/woulda taken it off but now I have a loss cuz I was greedy

[Nov 22, 2009 5:07:06 PM PST] InvestorsLive liquid stocks that are moving fast I may just hit the bid, like DELL and stuff like that

[Nov 22, 2009 5:07:18 PM PST] InvestorsLive but other than that OTCBB/Pinks – RARELY do I hit the bid

[Nov 22, 2009 5:07:34 PM PST] InvestorsLive QUESTON: In chat when you say “add (ticker)” Does that mean you are buying it?

[Nov 22, 2009 5:07:46 PM PST] InvestorsLive (referring to the morning – when we are creating the Pre list)

[Nov 22, 2009 5:07:54 PM PST] InvestorsLive Like I had suggested on Friday when someone asked, I would review Muddy‘s 2 seminars on “Muddy Method” to get a good understanding for the Pre list.

[Nov 22, 2009 5:08:03 PM PST] InvestorsLive The two links are: http://www.investorsunderground.com/2009/09/20/september-20th-seminar http://www.investorsunderground.com/2009/09/27/seminar-september-27th

[Nov 22, 2009 5:08:31 PM PST] InvestorsLive A short cut you can use is “Ctrl + F” and search for Pre or pre-list etc will bring you right to where he discussed it

[Nov 22, 2009 5:08:38 PM PST] InvestorsLive The pre list is just a cheat sheet to what’s active on the day, where our focus is to start the day. No, this isn’t the only stocks we are watching since we’re actively screening all day to stocks on the move. The pre list gives us what is active, trading higher and of interest that morning.

[Nov 22, 2009 5:08:46 PM PST] InvestorsLive What stocks are reacting to news, what stocks are reacting to a pump, what stocks we should be watching for a possible entry during the morning/day. Just like our term “pull” we don’t like to just buy a stock up huge on the morning, we’d rather watch for the pull back, watch for it to find a support level (whole number, mid dollar, chart support/resistance etc) or pick it up off a big dip out of open where it may just be profit taking into the big gap and attempt to scalp a long on the rebound.

[Nov 22, 2009 5:09:53 PM PST] InvestorsLive any questions on that, pre list etc?

[Nov 22, 2009 5:10:28 PM PST] InvestorsLive ……

[Nov 22, 2009 5:10:35 PM PST] InvestorsLive ok

[Nov 22, 2009 5:10:37 PM PST] InvestorsLive QUESTON: It seems like most the time you sell at/near the top of a peak. How do you do that?

[Nov 22, 2009 5:10:48 PM PST] InvestorsLive Same thing I went over last weekend – incher to pop/breakout mode I always take some into the rush.

[Nov 22, 2009 5:11:00 PM PST] InvestorsLive You need to release the greed in these poppers and start taking profits before they reverse. I made seminar notes from last weekend – view that here: http://www.investorsunderground.com/2009/11/09/seminar-notes-11-8-2009

[Nov 22, 2009 5:11:12 PM PST] InvestorsLive If you catch a 20-30% move and you feel no need to lock a little bit in, and you don’t have a big account to let it ride while you’re playing other things, you’re just asking for disaster. Anything below $25k you should be stacking those profits left and right as you see them, it adds up fast, faster than you think.

[Nov 22, 2009 5:11:51 PM PST] InvestorsLive This link particularly: http://www.investorsunderground.com/2009/06/28/seminar-28th/

[Nov 22, 2009 5:12:17 PM PST] InvestorsLive Take LEE for example (hurts that its so expensive now and we had so many low)

[Nov 22, 2009 5:12:19 PM PST] InvestorsLive http://www.investorsunderground.com/wp-content/uploads/2009/06/lee1.png

[Nov 22, 2009 5:13:04 PM PST] InvestorsLive If you’re in that stock, or anything that reacts similar and it jumps from .52-.54 to .70 in a matter of minutes after its been sneaking all day I’m willing to bet 9 outta 10 times that’ll be the best price, so lock in the gains

[Nov 22, 2009 5:13:08 PM PST] InvestorsLive but here’s the thing

[Nov 22, 2009 5:13:27 PM PST] InvestorsLive if you’re wrong and it goes higher later on… a) maybe you rebuy lower, b) you can always rebuy at the same price you sold

[Nov 22, 2009 5:13:50 PM PST] InvestorsLive this is especially important for those trying to build accounts

[Nov 22, 2009 5:14:02 PM PST] InvestorsLive if you hold something and you’re up $500 bucks and you have less than a $10k acct

[Nov 22, 2009 5:14:04 PM PST] InvestorsLive TAKE THE GAIN

[Nov 22, 2009 5:14:21 PM PST] InvestorsLive pat yourself on the back, and look for the next

[Nov 22, 2009 5:14:37 PM PST] InvestorsLive questions/comments on exits?

[Nov 22, 2009 5:15:39 PM PST] madmax one of the problems if that if you are under 25k and not using a prop firm, you feel like you are limited in trades and opportunities.

[Nov 22, 2009 5:15:46 PM PST] madmax this causes some to hold longer than they should.

[Nov 22, 2009 5:16:00 PM PST] InvestorsLive Right, which is why since you have that opportunity… you shouldn’t be restrained

[Nov 22, 2009 5:16:18 PM PST] InvestorsLive you’re not helping yourself any by not going to a firm like that

[Nov 22, 2009 5:16:35 PM PST] InvestorsLive no reason to be under PDT… work it up.. take out the gains and when you get to 25 move over to a new firm

[Nov 22, 2009 5:16:55 PM PST] InvestorsLive also, you shouldn’t feel limited by the amount of trades because if you do.. you shouldn’t be entering that trade

[Nov 22, 2009 5:17:50 PM PST] InvestorsLive (ie: the people that are in their 4th or 5th round trip for the week that are “forced” to hold even though its taking because they entered a trade they shouldn’t have)

[Nov 22, 2009 5:18:34 PM PST] InvestorsLive and even with that, if sub $10-15k acct even and not happy with $500

[Nov 22, 2009 5:18:42 PM PST] InvestorsLive I dunno, thats like 3-5% gain

[Nov 22, 2009 5:18:45 PM PST] InvestorsLive on ur entire portfolio

[Nov 22, 2009 5:18:59 PM PST] InvestorsLive you shouldn’t be shooting for homeruns with a smaller account, you need to build it up

[Nov 22, 2009 5:19:21 PM PST] InvestorsLive any other questions regarding exits?

[Nov 22, 2009 5:19:27 PM PST] madmax i agree with you, i’m just stating the mentality behind it. as you know i’m shooting for harmon.

[Nov 22, 2009 5:19:41 PM PST] InvestorsLive good – yea well mentality has to change

[Nov 22, 2009 5:19:43 PM PST] InvestorsLive that’s why we are here 🙂

[Nov 22, 2009 5:20:22 PM PST] michael23 You encourage us to take quick gains, but I notice that you also seem to hold certain stocks almost all day – how much of your overall profits would you say are from quick trades versus longer ones?

[Nov 22, 2009 5:20:35 PM PST] InvestorsLive I always lock in profits right away on the first move

[Nov 22, 2009 5:20:54 PM PST] InvestorsLive just like VKNG I told you when I sold some etc – was a huge pop 10-15%

[Nov 22, 2009 5:21:13 PM PST] InvestorsLive depends on the trade

[Nov 22, 2009 5:21:20 PM PST] InvestorsLive the ones I hold during the days, for a long amount of time

[Nov 22, 2009 5:21:24 PM PST] InvestorsLive don’t fit the criteria I just said

[Nov 22, 2009 5:21:31 PM PST] InvestorsLive you’re probably referring to “inchers”

[Nov 22, 2009 5:21:35 PM PST] InvestorsLive like BDGN was an incher

[Nov 22, 2009 5:21:44 PM PST] InvestorsLive I sell when inch mode goes into breakout mode

[Nov 22, 2009 5:21:51 PM PST] InvestorsLive I’m referring to breakouts, big pops

[Nov 22, 2009 5:21:53 PM PST] michael23 I see – so taking quick profits refers to poppers rather than inchers

[Nov 22, 2009 5:21:54 PM PST] InvestorsLive like my LEE example

[Nov 22, 2009 5:21:59 PM PST] InvestorsLive correct

[Nov 22, 2009 5:22:11 PM PST] InvestorsLive but also even with inchers

[Nov 22, 2009 5:22:14 PM PST] InvestorsLive take for example BDGN

[Nov 22, 2009 5:22:20 PM PST] InvestorsLive as soon as PSC came out what did I say in chat

[Nov 22, 2009 5:22:24 PM PST] InvestorsLive I’m on sell side if it pops to .35

[Nov 22, 2009 5:22:30 PM PST] preston IL, it’s important to understand the price action, right.

[Nov 22, 2009 5:22:53 PM PST] InvestorsLive for example.. 28…. .29… 30… .31… if PSC comes out and it pops mid day by stupid sheep chasing at whatever price

[Nov 22, 2009 5:22:59 PM PST] InvestorsLive then I’ll take advantage and take some off

[Nov 22, 2009 5:23:03 PM PST] InvestorsLive and bid for it at a lower price

[Nov 22, 2009 5:23:33 PM PST] InvestorsLive in regards to waht preston? how its moving vs. other time frames?

[Nov 22, 2009 5:23:43 PM PST] michael23 If you’re in an incher for several hours will you still get out if your profit drops below $200 even if you have confidence it’ll be up later?

[Nov 22, 2009 5:24:01 PM PST] preston Between the pops and inchers, I’m just learning that.

[Nov 22, 2009 5:24:17 PM PST] InvestorsLive michael I usually buy bigger and take some off along the way so I have a profit in there, then sell down to a normal size to ride out

[Nov 22, 2009 5:24:27 PM PST] InvestorsLive I’m only in if its going in my direction/volume

[Nov 22, 2009 5:24:47 PM PST] InvestorsLive if it slows/fades I’ll prob tkae it off I can always re buy later no sense increasing my risk – but also depends where I got in…

[Nov 22, 2009 5:25:23 PM PST] InvestorsLive yes preston, what’s normal for a stock vs. whats not… if its been inching all day and all of a sudden pops… 9 outta 10 times (I feel) it’ll pull back and consolidation

[Nov 22, 2009 5:25:23 PM PST] Big J What exactly constitutes a “pop?” How fast and how high does it need to go or is it all relative to how the stock has been moving?

[Nov 22, 2009 5:25:40 PM PST] InvestorsLive so whats better than lightening up a lil and then your not a “itchy” when it pulls back a bit and consolidates

[Nov 22, 2009 5:26:03 PM PST] InvestorsLive Big J check last seminar as well – but there’s 2 different ways to think about it

[Nov 22, 2009 5:26:10 PM PST] InvestorsLive (hold off a sec while I answer for questions plz)

[Nov 22, 2009 5:26:16 PM PST] InvestorsLive one way is

[Nov 22, 2009 5:26:26 PM PST] InvestorsLive I use a 1 min chart so if you look at BDGN

[Nov 22, 2009 5:26:35 PM PST] wisdom5557 what about us that have to deal with the day trading rule that limit trades

[Nov 22, 2009 5:26:49 PM PST] InvestorsLive scroll up wisdom, just covered that

[Nov 22, 2009 5:27:02 PM PST] InvestorsLive no longer an excuse, you can fix that very simply

[Nov 22, 2009 5:27:07 PM PST] InvestorsLive but, Big J’s question

[Nov 22, 2009 5:27:12 PM PST] InvestorsLive there’s a few ways

[Nov 22, 2009 5:27:21 PM PST] InvestorsLive Muddy for example say a range

[Nov 22, 2009 5:27:26 PM PST] InvestorsLive you look at last 3 candles on a chart

[Nov 22, 2009 5:27:30 PM PST] InvestorsLive 5 min chart

[Nov 22, 2009 5:27:42 PM PST] InvestorsLive gives you its ‘range’ maybe its trading .10 cents within the past 5-15 minutes

[Nov 22, 2009 5:27:54 PM PST] InvestorsLive pop anything that’s great than that, increased volatiltiy

[Nov 22, 2009 5:28:03 PM PST] InvestorsLive .20-.30 + on the upside

[Nov 22, 2009 5:28:14 PM PST] InvestorsLive you’ll usually see us associate with the term “rip”

[Nov 22, 2009 5:28:38 PM PST] InvestorsLive I use a 1 min chart so something that’s slowly moving north all day say .01 … per 5-10 min time frame

[Nov 22, 2009 5:28:49 PM PST] InvestorsLive http://www.InvestorsLive.com/2009/11/21/another-nice-entry-another-profit-budget-center-inc-bdgn-pk/

[Nov 22, 2009 5:28:52 PM PST] Slobuyer my buying has been limited to quick buys and sells, 20 to 500 million vol aday. What is good vol?

[Nov 22, 2009 5:28:53 PM PST] InvestorsLive take a look at that 1 min chart

[Nov 22, 2009 5:29:12 PM PST] InvestorsLive see that Big J?

[Nov 22, 2009 5:29:17 PM PST] Big J Yes

[Nov 22, 2009 5:29:22 PM PST] InvestorsLive see the different between the morning – afternoon

[Nov 22, 2009 5:29:23 PM PST] InvestorsLive slow/steady

[Nov 22, 2009 5:29:27 PM PST] InvestorsLive and then the last 20 min?

[Nov 22, 2009 5:29:43 PM PST] Big J Yes, that makes a lot of sense

[Nov 22, 2009 5:29:45 PM PST] InvestorsLive I sold 1/4th what I had at .40

[Nov 22, 2009 5:29:52 PM PST] michael23 what about it did you consider interesting when you wrote your first message?

[Nov 22, 2009 5:29:53 PM PST] InvestorsLive because it jumped literally 5 cents

[Nov 22, 2009 5:30:11 PM PST] InvestorsLive the chart

[Nov 22, 2009 5:30:14 PM PST] InvestorsLive rather new issue

[Nov 22, 2009 5:30:17 PM PST] InvestorsLive former 0 vol

[Nov 22, 2009 5:30:34 PM PST] michael23 ok, thanks

[Nov 22, 2009 5:30:39 PM PST] InvestorsLive Same thing as this: http://www.InvestorsLive.com/2009/11/20/why-i-love-first-day-ipoish-stocks-like-celestial-delights-usa-corp-clds-ob/

[Nov 22, 2009 5:30:42 PM PST] InvestorsLive CLDS for example

[Nov 22, 2009 5:30:45 PM PST] InvestorsLive former 0 vol

[Nov 22, 2009 5:30:57 PM PST] InvestorsLive usually get a good few days out of it before “competition” rolls in

[Nov 22, 2009 5:30:58 PM PST] InvestorsLive right?

[Nov 22, 2009 5:31:25 PM PST] InvestorsLive you buy a stock, you’ll give it a lil bit.. and if its slowing inching up, popping there’s a point where everyone is in the green

[Nov 22, 2009 5:31:29 PM PST] InvestorsLive why would you sell?

[Nov 22, 2009 5:31:37 PM PST] InvestorsLive then….. there comes a point where wait a minute

[Nov 22, 2009 5:31:43 PM PST] InvestorsLive everyones just doubled… prob should lock some gains in

[Nov 22, 2009 5:31:55 PM PST] InvestorsLive then comes the first down ticks.. then others start coming in .. and then you get dips etc

[Nov 22, 2009 5:32:11 PM PST] InvestorsLive we’re in a ridiculous market right now, everyone is looking for the next big thing

[Nov 22, 2009 5:32:22 PM PST] michael23 that makes sense – do you try to get in to a lot of IPOs, then, or is this kind of stuff uncommon?

[Nov 22, 2009 5:32:35 PM PST] InvestorsLive no I don’t even pay attention to IPOs

[Nov 22, 2009 5:32:39 PM PST] InvestorsLive I just pay attention to my scan

[Nov 22, 2009 5:32:41 PM PST] InvestorsLive whatever shows up I check out

[Nov 22, 2009 5:32:52 PM PST] InvestorsLive I don’t care if its an IPO that means nothing to be

[Nov 22, 2009 5:32:58 PM PST] InvestorsLive don’t care if its the hottest company in the world

[Nov 22, 2009 5:33:04 PM PST] InvestorsLive none of that matters

[Nov 22, 2009 5:33:07 PM PST] InvestorsLive price action

[Nov 22, 2009 5:33:08 PM PST] InvestorsLive volume

[Nov 22, 2009 5:33:11 PM PST] InvestorsLive matters

[Nov 22, 2009 5:33:11 PM PST] dantx IL when u say scan is that the hod list

[Nov 22, 2009 5:33:23 PM PST] InvestorsLive no, not for OTCBB/Pinks

[Nov 22, 2009 5:33:35 PM PST] InvestorsLive http://www.investorsunderground.com/stock-fetcher-scans/

[Nov 22, 2009 5:33:47 PM PST] InvestorsLive I use EquityFeed for intraday OTCBB/Pinks only

[Nov 22, 2009 5:33:53 PM PST] InvestorsLive and I use HOD/LOD for NYSE AMEX Nasdaq

[Nov 22, 2009 5:33:58 PM PST] InvestorsLive that’s all nothing else

[Nov 22, 2009 5:34:17 PM PST] InvestorsLive any questions regarding exits/inchers into pop etc ?

[Nov 22, 2009 5:35:16 PM PST] cpaul how does one get scans?

[Nov 22, 2009 5:35:33 PM PST] madmax if you hit a pop and it has volume, and looks like it’s going to move but then reverses, do you wait at all, or just get out and look for re-entry? this happened to me a week or so ago on SBSA.

[Nov 22, 2009 5:35:55 PM PST] madmax you actually tweeted, but i was watching it on my own. it was at 52s.

[Nov 22, 2009 5:35:59 PM PST] InvestorsLive well most I play off support levels that they are inching up off

[Nov 22, 2009 5:36:02 PM PST] madmax it went down from there.

[Nov 22, 2009 5:36:10 PM PST] InvestorsLive that way I know where I take it off

[Nov 22, 2009 5:36:18 PM PST] InvestorsLive if it breaks under the support

[Nov 22, 2009 5:36:29 PM PST] InvestorsLive that originally attracted me to it

[Nov 22, 2009 5:36:58 PM PST] InvestorsLive SBSA was a fun one – if you’re referring to like a month ago around $1, after a few breaks we concluded in chat the seller was just bidding it up to sell into it, sold

[Nov 22, 2009 5:37:21 PM PST] madmax no it was about two weeks ago i guess.

[Nov 22, 2009 5:37:30 PM PST] madmax but i get what you are saying.

[Nov 22, 2009 5:37:58 PM PST] InvestorsLive shoot me a PM with it, I haven’t traded it since it was at a buck

[Nov 22, 2009 5:38:05 PM PST] InvestorsLive I’ll take a look and try to help you after seminar

[Nov 22, 2009 5:38:07 PM PST] InvestorsLive cpaul – please scroll up and see link I just posted re: scans

[Nov 22, 2009 5:38:15 PM PST] madmax cool, thanks.

[Nov 22, 2009 5:38:16 PM PST] cpaul ok thx

[Nov 22, 2009 5:38:17 PM PST] InvestorsLive any other questions re: inchers/exits/when to exit?

[Nov 22, 2009 5:38:24 PM PST] InvestorsLive otherwise I will move to next

[Nov 22, 2009 5:38:38 PM PST] InvestorsLive ……

[Nov 22, 2009 5:38:44 PM PST] InvestorsLive sorta on topic to this

[Nov 22, 2009 5:38:47 PM PST] InvestorsLive For a surging IPO like CLDS, how do you decide when to get out?

[Nov 22, 2009 5:38:54 PM PST] InvestorsLive just mentioned a lil bit as to what I’d look for

[Nov 22, 2009 5:38:57 PM PST] InvestorsLive in the last lil bit

[Nov 22, 2009 5:39:01 PM PST] InvestorsLive Usually like I said on the first day and the recap there’s a solid 2-3 days out of it before any real selling, so if it surges outta the gate tomorrow I will more than likely take 1/2 off and get down to a 5,000 share positon. After that I will just monitor it just like I did on TRET, NXTH, CLRH etc. Watch for hiccups and any large volume (ie: large volume towards on the offers but no real price movement higher may signal a top near/resistance may be worth cutting down a position size.

[Nov 22, 2009 5:40:10 PM PST] InvestorsLive for those of you who don’t remember

[Nov 22, 2009 5:40:17 PM PST] InvestorsLive AENY is the one we were riding from about $2

[Nov 22, 2009 5:40:25 PM PST] InvestorsLive which was TRET

[Nov 22, 2009 5:40:28 PM PST] InvestorsLive everyone remembers TRET

[Nov 22, 2009 5:40:36 PM PST] InvestorsLive .. AENY is the new symbol for it

[Nov 22, 2009 5:40:45 PM PST] InvestorsLive originally in around $1

[Nov 22, 2009 5:41:00 PM PST] InvestorsLive more MANY of the same reasons as CLDS

[Nov 22, 2009 5:41:17 PM PST] InvestorsLive volume was there.. price action

[Nov 22, 2009 5:41:21 PM PST] InvestorsLive all green etc

[Nov 22, 2009 5:41:34 PM PST] InvestorsLive then it dipped… then re testing highs we played again etc…

[Nov 22, 2009 5:41:50 PM PST] InvestorsLive then just a few weeks ago bought 1.88 I think looking for the $2 test the next morning

[Nov 22, 2009 5:42:05 PM PST] InvestorsLive same stuff…. CLDS will play out nicely now… prob tomorrow maybe 1 more day…

[Nov 22, 2009 5:42:12 PM PST] InvestorsLive then settle a bit.. and we’ll look for the trade later on

[Nov 22, 2009 5:42:20 PM PST] michael23 when you say watch for hiccups, how much do you mean?

[Nov 22, 2009 5:42:39 PM PST] InvestorsLive well with these stocks like CLRH NXTH

[Nov 22, 2009 5:42:43 PM PST] InvestorsLive there’s hardly any down ticks

[Nov 22, 2009 5:42:45 PM PST] InvestorsLive they just inch all day

[Nov 22, 2009 5:42:57 PM PST] InvestorsLive but after 5-10 days up in a row…

[Nov 22, 2009 5:43:06 PM PST] InvestorsLive if it dips red = usually bad

[Nov 22, 2009 5:43:16 PM PST] InvestorsLive and/or if it dips more than a few pennies.. gets sketchy

[Nov 22, 2009 5:43:45 PM PST] InvestorsLive usually first 2 are just shakes but.. later on after its been going up for a long time… they crunch as you saw

[Nov 22, 2009 5:43:57 PM PST] InvestorsLive so good to play it safe and decrease any time there’s a “hiccup” in the general churn forward

[Nov 22, 2009 5:44:33 PM PST] InvestorsLive any others regarding that CLDS, IPOish type or anything covered so far?

[Nov 22, 2009 5:44:33 PM PST] michael23 so when CLDS went down from 1.35 to below 1.2 you didn’t get out because the volume wasn’t big enough, or that wasn’t enough of a decrease?

[Nov 22, 2009 5:44:44 PM PST] michael23 yesterday morning I mean

[Nov 22, 2009 5:44:44 PM PST] InvestorsLive I have such a low avg

[Nov 22, 2009 5:44:48 PM PST] InvestorsLive I will let it ride for a bit

[Nov 22, 2009 5:44:52 PM PST] InvestorsLive first dip after a big first day

[Nov 22, 2009 5:45:03 PM PST] InvestorsLive I doubt a one day wonder after it traded nearly $2 million

[Nov 22, 2009 5:45:18 PM PST] InvestorsLive found it mid .80s… so few pennies doesn’t bother me up here

[Nov 22, 2009 5:45:29 PM PST] InvestorsLive but yes if that was like day 10

[Nov 22, 2009 5:45:34 PM PST] InvestorsLive of all days green

[Nov 22, 2009 5:45:37 PM PST] InvestorsLive I would have at least sold 1/2

[Nov 22, 2009 5:45:46 PM PST] michael23 great, thanks

[Nov 22, 2009 5:45:47 PM PST] InvestorsLive tomorrow I will more than likely sell 1/2

[Nov 22, 2009 5:46:04 PM PST] InvestorsLive one of those things… maybe staircase to $1.50 phychological target

[Nov 22, 2009 5:46:16 PM PST] InvestorsLive then what… $2? .. too far away.. so it may consolidate first

[Nov 22, 2009 5:46:28 PM PST] InvestorsLive I’d rather be 50% size if its going to consolidate a few days

[Nov 22, 2009 5:46:51 PM PST] InvestorsLive then again why risk it.. that’s a double at 1.60ish

[Nov 22, 2009 5:47:00 PM PST] InvestorsLive just lock some in.. don’t be greedy

[Nov 22, 2009 5:47:11 PM PST] InvestorsLive Any other questions so far?

[Nov 22, 2009 5:47:15 PM PST] InvestorsLive regarding what we’ve covered

[Nov 22, 2009 5:47:31 PM PST] InvestorsLive …..

[Nov 22, 2009 5:47:37 PM PST] InvestorsLive Since so many HODs are posted in the chat, do you take positions in all of them just in case one breaks out?

[Nov 22, 2009 5:48:03 PM PST] InvestorsLive Absolutely not, would never suggest to take a posistion in all of them that’s no way to trade. Most times its stocks that members know are former runners or that we’re all in, or previously discussed. If I mention I bought a stock earlier it may just be updates to my position, or if its nearing 52s or prior resitance that was on our scans the night before (ie: My scan, Darkside Watches — which you should be familiar with these charts going into the next day) it may just be a reminder, “hey… keep a watch here nearing HODs and as you know if it’s near a whole number I’m definately interested in playing the break most times.

[Nov 22, 2009 5:48:48 PM PST] InvestorsLive any questions?

[Nov 22, 2009 5:48:52 PM PST] InvestorsLive straight forward?

[Nov 22, 2009 5:49:16 PM PST] michael23 makes sense

[Nov 22, 2009 5:49:44 PM PST] InvestorsLive you’ll see things will change…. at some point in the future

[Nov 22, 2009 5:49:49 PM PST] InvestorsLive the HOD list will be great for afternoon fades

[Nov 22, 2009 5:49:56 PM PST] InvestorsLive but for now.. if a stock is hitting HODs late in the day

[Nov 22, 2009 5:50:01 PM PST] InvestorsLive heck we’ll prob have a nice breakout

[Nov 22, 2009 5:50:14 PM PST] InvestorsLive but for now, tells us whats in play at any given time

[Nov 22, 2009 5:50:19 PM PST] InvestorsLive also as you are here MORE and LONGER

[Nov 22, 2009 5:50:27 PM PST] InvestorsLive most people that alert stuff in chat, HODs LODs etc

[Nov 22, 2009 5:50:27 PM PST] jonnyslots I’ve noticed people post “.40

[Nov 22, 2009 5:50:30 PM PST] jonnyslots sorry

[Nov 22, 2009 5:50:32 PM PST] InvestorsLive it’s because we know the tickers

[Nov 22, 2009 5:50:40 PM PST] InvestorsLive aftera while

[Nov 22, 2009 5:50:48 PM PST] InvestorsLive you’ll start remembering what tickers move

[Nov 22, 2009 5:50:51 PM PST] InvestorsLive what tickers are hot

[Nov 22, 2009 5:51:04 PM PST] InvestorsLive any time I see a good move in LVS, or something catches my eye on it.. I will post it

[Nov 22, 2009 5:51:11 PM PST] InvestorsLive cuz I know Derf and bmon like to play it

[Nov 22, 2009 5:51:15 PM PST] InvestorsLive maybe I see it.. they don’t

[Nov 22, 2009 5:51:36 PM PST] InvestorsLive if it breaks to HOD, I’ll mention it… then they are LVS-masters so they’re just salivating at the idea its in play etc

[Nov 22, 2009 5:51:41 PM PST] jonnyslots I’ve notice people post that a higher bid has “flashed” i.e. .40 when a stock is say trading at .32 not sure why that’s a big deal, given that someon is simply posting a higher ask can you explain

[Nov 22, 2009 5:52:02 PM PST] InvestorsLive yes jonny I’d suggest checking out last seminar – Muddy went into detail on it

[Nov 22, 2009 5:52:10 PM PST] InvestorsLive but please keep to topic as I asked to start

[Nov 22, 2009 5:52:17 PM PST] InvestorsLive if other questions feel free to PM

[Nov 22, 2009 5:52:18 PM PST] jonnyslots sorry came lat

[Nov 22, 2009 5:52:20 PM PST] pedro_go and also how much time you have to buy before it hits .40, for example

[Nov 22, 2009 5:52:21 PM PST] jonnyslots late

[Nov 22, 2009 5:52:50 PM PST] InvestorsLive Pedro – it may not hit .40, it’s just a tool Muddy uses, and there was a bunch of chat the last 2 seminars about “quote box action”

[Nov 22, 2009 5:52:56 PM PST] InvestorsLive let me get u links

[Nov 22, 2009 5:53:09 PM PST] pedro_go thanks

[Nov 22, 2009 5:53:39 PM PST] InvestorsLive http://www.investorsunderground.com/2009/11/15/sunday-night-help-session/

[Nov 22, 2009 5:53:43 PM PST] InvestorsLive [Nov 15, 2009 5:59:30 PM PST] Muddy nope never Lev 2 for me…only Qbox action

[Nov 22, 2009 5:53:45 PM PST] InvestorsLive starts right there

[Nov 22, 2009 5:53:45 PM PST] Muddy right,the qbox shows the potential

[Nov 22, 2009 5:55:08 PM PST] Muddy it might not hit that very high ask but i can almost gurantee it will go at least 10-20% from the pps that you saw the high brief ask

[Nov 22, 2009 5:56:08 PM PST] Muddy some even go beyond what you saw,100% at times if caught early in the day

[Nov 22, 2009 5:56:39 PM PST] Muddy i’ve seen say pps at .05 that show .15 brief

[Nov 22, 2009 5:56:53 PM PST] Muddy and some hit that .15

[Nov 22, 2009 5:57:26 PM PST] Muddy i’d say 50/50 shot if shown early and repeatly

[Nov 22, 2009 5:57:33 PM PST] Muddy not bad odds

[Nov 22, 2009 5:57:54 PM PST] InvestorsLive Mud goes into great detail here: http://www.investorsunderground.com/2009/11/15/sunday-night-help-session/

[Nov 22, 2009 5:58:13 PM PST] InvestorsLive as well – so if you have more questions from there feel free to ask but that was a hot topic last week after he was on fire

[Nov 22, 2009 5:58:23 PM PST] Muddy the catch is you must see them

[Nov 22, 2009 5:58:33 PM PST] Muddy and i do most times

[Nov 22, 2009 5:58:36 PM PST] jonnyslots so it’s a psych thing that traders tend to chase?

[Nov 22, 2009 5:58:41 PM PST] C8ering What is “pps” ?

[Nov 22, 2009 5:58:46 PM PST] InvestorsLive price per share

[Nov 22, 2009 5:58:55 PM PST] C8ering thanks

[Nov 22, 2009 5:59:20 PM PST] Muddy either on chat alert by someone,ib scan.SF scan and/or on scott scroller

[Nov 22, 2009 5:59:21 PM PST] madmax so what you see in this qbox, can not be replicated in level 2?

[Nov 22, 2009 5:59:35 PM PST] InvestorsLive depends where you’re level 2 is at

[Nov 22, 2009 5:59:37 PM PST] InvestorsLive more so in level 1

[Nov 22, 2009 5:59:46 PM PST] InvestorsLive its because I see more market makers than Muddy so doesn’t really work for me

[Nov 22, 2009 6:00:00 PM PST] InvestorsLive many times you’ll see domino quote something and I’ll say no.. its x price by x price

[Nov 22, 2009 6:00:08 PM PST] InvestorsLive but most times they are just place holders (aka 5k shares or less)

[Nov 22, 2009 6:00:11 PM PST] InvestorsLive so that’s why it works well for Mud

[Nov 22, 2009 6:00:18 PM PST] madmax i see

[Nov 22, 2009 6:00:20 PM PST] InvestorsLive cuz even tho there are more between .30 and .40.. and I can see them

[Nov 22, 2009 6:00:26 PM PST] InvestorsLive most times they move after 5k

[Nov 22, 2009 6:00:37 PM PST] InvestorsLive but I’d def check that link I provided on that one

[Nov 22, 2009 6:00:50 PM PST] InvestorsLive QUESTION: Other than a good finish, what criteria do you use to decide when to hold overnight and over the weekend?

[Nov 22, 2009 6:01:01 PM PST] InvestorsLive That’s in, strong finish – I don’t really like holding stocks on OTCBB/Pinks up 100’s of %’s on the day, usually don’t make for good gappers but other than that strong finish. Some tips: You can always look at their prior charts see if they have a history of gapping, see if they normally are one day wonders or usually carry through.

[Nov 22, 2009 6:01:15 PM PST] InvestorsLive The only other no brainers are what Muddy and I both love

[Nov 22, 2009 6:01:30 PM PST] InvestorsLive the UBB walkers – that’s in Muddy Method seminars I linked to earlier

[Nov 22, 2009 6:01:34 PM PST] InvestorsLive which I will re post as well

[Nov 22, 2009 6:01:44 PM PST] InvestorsLive but ones like NXTH CLRH BRGO (first 2 days etc)

[Nov 22, 2009 6:01:58 PM PST] InvestorsLive no reason to sell big promotional ones UNTIL they go against the grain

[Nov 22, 2009 6:02:00 PM PST] InvestorsLive aka not straight up

[Nov 22, 2009 6:02:28 PM PST] InvestorsLive QUESTION: You talk in chat about level 2 and particular market makers and which way you think the stock will move. Do you have any resources (books, DVDs) you would recommend that might help interpreting tricks/understanding level 2 and what is actually going on?

[Nov 22, 2009 6:02:38 PM PST] InvestorsLive No, I just mentioned it one time on VKNG with market makers I noticed as bid support for the particular deal and since then everyone has tried to apply it to every other stock. it’s just something I noticed on that particular stock as well as FRHV that day. Other stocks like BRGO it was obvious anyone watchin level 2 that MICA was the only seller that morning on the first pump day, so when he was on bid and buying blocks you can more than likely make the assumption that hey, this may be support given they are buying it back with the same market maker they sold millions of shares through.

[Nov 22, 2009 6:03:15 PM PST] InvestorsLive VKNG I just noticed 2 market makers on the bid side every time it was pushing up (FANC and DOMS) that doesn’t mean anything for any other stocks – so those that always ask in chat please don’t come to that conclusion

[Nov 22, 2009 6:03:23 PM PST] InvestorsLive there are no “promo MM’s” there USED to be

[Nov 22, 2009 6:03:25 PM PST] InvestorsLive back in the day

[Nov 22, 2009 6:03:38 PM PST] InvestorsLive QUIN was a big market maker that was always on the bid of these stocks that went straight up

[Nov 22, 2009 6:03:49 PM PST] InvestorsLive ie: CVDT GZGT RRPH STTK and a ton of others

[Nov 22, 2009 6:03:53 PM PST] InvestorsLive but those days are over

[Nov 22, 2009 6:04:09 PM PST] Ohhoshow i liked this page for MMs http://stockalyzing.com/stock-learning/34-university/104-understanding-level-2-and-market-makers.html

[Nov 22, 2009 6:04:09 PM PST] InvestorsLive any further questions on those 2 topics?

[Nov 22, 2009 6:04:15 PM PST] Ohhoshow if you need to learn about them

[Nov 22, 2009 6:04:17 PM PST] packeteers why are “those days over” ?

[Nov 22, 2009 6:04:26 PM PST] InvestorsLive cuz they don’t do it anymore

[Nov 22, 2009 6:04:32 PM PST] InvestorsLive they use many market makers

[Nov 22, 2009 6:04:37 PM PST] packeteers why did they then, and not anymore now?

[Nov 22, 2009 6:04:39 PM PST] InvestorsLive rather than just one support market maker

[Nov 22, 2009 6:04:53 PM PST] packeteers oic

[Nov 22, 2009 6:04:54 PM PST] InvestorsLive who knows

[Nov 22, 2009 6:05:01 PM PST] InvestorsLive not really important tho

[Nov 22, 2009 6:05:12 PM PST] InvestorsLive any further questions on those? last 2 questions

[Nov 22, 2009 6:05:13 PM PST] InvestorsLive topics

[Nov 22, 2009 6:05:31 PM PST] InvestorsLive ….

[Nov 22, 2009 6:05:38 PM PST] InvestorsLive QUESTION: I ‘ve heard a well known trader/educator state he doesn’t use level 2 anymore because it’s so manipulated since the market makers play games especially now that so many people are watching. Would you say that it is more advantageous than not to watch level 2 and do you think level 2 is a more accurate representation in OTCBB and Pink Sheets?

[Nov 22, 2009 6:05:54 PM PST] InvestorsLive I always do, that’s just one of the things I taught myself with along the way. I use Level 2, time and sales and 1 minute charts. I find it helpful on OTCBB and Pinks, and on stocks with lower volume (1-2mil) around .50 cents to $5 range. Muddy doesn’t use level 2 just the quote boxes through scott trade so he doesn’t see level 2. Any other trader/educators I can think of are Tim which doesn’t really trade too many OTCBBs so doesn’t really apply here since he’s looking at more of a longer term picture than the momentum trade.

[Nov 22, 2009 6:06:19 PM PST] InvestorsLive What Muddy sees is level 1 – the best bid and the best ask

[Nov 22, 2009 6:06:25 PM PST] InvestorsLive I see level 2 .. I watch it all

[Nov 22, 2009 6:06:35 PM PST] InvestorsLive but if you guys aren’t use to it you may find it very distracting

[Nov 22, 2009 6:06:51 PM PST] InvestorsLive if you don’t use it.. you don’t really need it for most stuff we trade

[Nov 22, 2009 6:07:00 PM PST] InvestorsLive I like to get good fills, know where my competition is at

[Nov 22, 2009 6:07:09 PM PST] InvestorsLive so I like to see where everyone is stationed

[Nov 22, 2009 6:07:23 PM PST] InvestorsLive any questions regarding that?

[Nov 22, 2009 6:07:55 PM PST] michael23 Sometimes you post bid/ask prices – what relationship are you looking for?

[Nov 22, 2009 6:08:03 PM PST] packeteers on L2 on a major volume stock, when you see a lot of 100 share computer driven hyper trades scrolling by, what can you learn from that observation?

[Nov 22, 2009 6:08:27 PM PST] InvestorsLive lemme answer these 2 before more questions plz

[Nov 22, 2009 6:08:43 PM PST] InvestorsLive michael can you rephrase?

[Nov 22, 2009 6:08:47 PM PST] timdogge ”””””””””””’;lllllllllllll’;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;llllllllllllllllllllllllllllllllll;;;;;;;;;;;;;;;;;;””””””””””””””””””””””””””’……………………………………..//////////////;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;”””””””””””’llllllllllllllllllllllllllllll;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;

[Nov 22, 2009 6:08:56 PM PST] InvestorsLive tim’s cat I guess was typing

[Nov 22, 2009 6:09:34 PM PST] michael23 I can’t recall an exact example, but I think you’ve posted that the bid is getting closer to the ask maybe and that implies it’s probably going to go up?

[Nov 22, 2009 6:09:44 PM PST] InvestorsLive they are just trying to get the # of trades up probably I scan by # of trades so do many trades

[Nov 22, 2009 6:09:46 PM PST] InvestorsLive traders

[Nov 22, 2009 6:09:54 PM PST] InvestorsLive so it may be manipulation in a sense

[Nov 22, 2009 6:10:03 PM PST] InvestorsLive but not really important to your trading, so wouldn’t worry about it

[Nov 22, 2009 6:10:05 PM PST] InvestorsLive either

[Nov 22, 2009 6:10:15 PM PST] InvestorsLive ah yes michael on BMNM

[Nov 22, 2009 6:10:29 PM PST] InvestorsLive had hit my scan but it was .42 x .50

[Nov 22, 2009 6:10:48 PM PST] InvestorsLive at .50 it was hitting my scan since it was 0% (even)

[Nov 22, 2009 6:10:51 PM PST] InvestorsLive or green

[Nov 22, 2009 6:10:56 PM PST] InvestorsLive but the bid was way off

[Nov 22, 2009 6:11:16 PM PST] InvestorsLive so only way I would trade it is if I was buying low bid around .42.. or wait for the bid/ask to get tighter and come into play

[Nov 22, 2009 6:11:22 PM PST] InvestorsLive no sense paying .50 when the bid is .42

[Nov 22, 2009 6:11:35 PM PST] InvestorsLive you buy as little as 5k shares you’re already down $350+ on bid

[Nov 22, 2009 6:12:05 PM PST] michael23 ok, thanks

[Nov 22, 2009 6:12:08 PM PST] InvestorsLive any further questions regarding those topics?

[Nov 22, 2009 6:12:23 PM PST] InvestorsLive …..

[Nov 22, 2009 6:12:26 PM PST] InvestorsLive QUESTION: I’ve often learned a lot in after hour chats but I can’t always watch them. Do you save the after hour chats and is there a place that we can view them?

[Nov 22, 2009 6:12:32 PM PST] InvestorsLive Yes any day in particular you have interest of or saw a conversation you had interest in let me know and I can always forward, they are emailed to me at 3am every night.

[Nov 22, 2009 6:13:13 PM PST] InvestorsLive This is kinda repeat but those new guys in chat – it’s a quicky/good one and I have a bunch of links for you to check out and charts

[Nov 22, 2009 6:13:17 PM PST] InvestorsLive QUESTION: Being new I’m note sure when to buy or sell a stock being mentioned. When you mention a stock and say something like nice or look at this stock, are you saying you are about to buy. I feel like I must be to late to get in so I don’t. I’ve learned a lot in 1 week but the most I’ve learned is how much i don’t know. this week i studied the 10/60 cross and it is amazing. Thanks.

[Nov 22, 2009 6:13:31 PM PST] InvestorsLive First and foremost we aren’t giving buy or sell alerts here, that’s not our gig. We have seminars to teach you how/where/when to get in and out and what to look for. I would suggest the June 28th seminar and charts to see what kind of moves off consolidation we look for and where we are looking to take profits. Take a look at those 2 seminars as well as these charts: http://www.InvestorsLive.com/seminar

[Nov 22, 2009 6:13:51 PM PST] InvestorsLive You’ll see exactly where/what type of charts I look for.. for my entry. During th day you’ll see the same charts forming on the stocks I alert. For example STT a nice launch pad set up, consolidation before the re-test of highs, http://www.InvestorsLive.com/seminar/1.PNG most stocks I play look like this.

[Nov 22, 2009 6:14:23 PM PST] InvestorsLive take a look at that STT chart you’ll see looks like most of my alerts

[Nov 22, 2009 6:14:32 PM PST] InvestorsLive nice support in that .35-.40 range

[Nov 22, 2009 6:14:45 PM PST] InvestorsLive then channel patterns I look for

[Nov 22, 2009 6:14:48 PM PST] InvestorsLive For shorts: http://www.InvestorsLive.com/seminar/mbi-channel.PNG For longs: http://www.InvestorsLive.com/seminar/wfc-channel.PNG

[Nov 22, 2009 6:15:16 PM PST] InvestorsLive MBI that was from a while ago

[Nov 22, 2009 6:15:30 PM PST] InvestorsLive but even trading NLST etc you see us mention support areas

[Nov 22, 2009 6:15:52 PM PST] InvestorsLive and NOT interested in shorting unless X breaks down

[Nov 22, 2009 6:15:56 PM PST] InvestorsLive and or long if X breaks

[Nov 22, 2009 6:16:05 PM PST] InvestorsLive same thing there with WFC chart

[Nov 22, 2009 6:16:13 PM PST] InvestorsLive opposite/reversal

[Nov 22, 2009 6:16:28 PM PST] InvestorsLive those are the kind of things I look for coupled with a nice chart such as GTXI long Friday

[Nov 22, 2009 6:16:36 PM PST] InvestorsLive beat chart, decent intraday.. risk/reward in my favor

[Nov 22, 2009 6:17:12 PM PST] InvestorsLive Lastly, a reminder that I have no problem giving you guys my entries which I do on stocks on Nasdaq, AMEX, NYSE and OTCBBs with lots of volume but I’m not interested in providing entries on these promotional pumps and things like that. If you are unable to pull the trigger yourself and these OTCBB and Pinks and need someone to give you the entry then I especially would NOT play them until you pick up a bit more knowledge and are comfortable trusting your own decision and what you learn, until then stick with stocks between $5-10.

[Nov 22, 2009 6:17:36 PM PST] InvestorsLive if its an OTCBB and you’re asking me “should I buy” I’m going to tell you no

[Nov 22, 2009 6:18:15 PM PST] InvestorsLive any further questions regarding that/those?

[Nov 22, 2009 6:18:26 PM PST] Laura and another caveat, if you have to ask “is it to late to buy?” it usually is

[Nov 22, 2009 6:18:44 PM PST] InvestorsLive right

[Nov 22, 2009 6:18:47 PM PST] InvestorsLive if its popping, I’m selling

[Nov 22, 2009 6:18:59 PM PST] InvestorsLive at least some… not always all I like to ride some up

[Nov 22, 2009 6:19:02 PM PST] InvestorsLive but if its jumping 20-50%

[Nov 22, 2009 6:19:06 PM PST] InvestorsLive I’m selling

[Nov 22, 2009 6:19:12 PM PST] InvestorsLive 99.9% of the time I’m locking in

[Nov 22, 2009 6:19:20 PM PST] InvestorsLive so when wondering and/or if you PM me asking where to sell

[Nov 22, 2009 6:19:27 PM PST] InvestorsLive if it’s just popped 20-50% in a matter of minutes

[Nov 22, 2009 6:19:35 PM PST] InvestorsLive consider it gauranteed that I locked in profits

[Nov 22, 2009 6:19:39 PM PST] InvestorsLive at least 25 if not 50%

[Nov 22, 2009 6:20:01 PM PST] InvestorsLive any questions on that stuff ?

[Nov 22, 2009 6:20:11 PM PST] InvestorsLive only few questions left

[Nov 22, 2009 6:20:33 PM PST] InvestorsLive ……

[Nov 22, 2009 6:20:43 PM PST] InvestorsLive QUESTION: Last but not least is there a scan for that 10/60 cross that i can use with equityfeed?

[Nov 22, 2009 6:20:49 PM PST] InvestorsLive I don’t use the equityfeed for a 10/60 cross. They just added in Simple Moving Average to their package – you may be able to call them and ask them if there is a feature like that but that’s more on the chart side of things when the 10 min crosses the 60 min.

[Nov 22, 2009 6:21:03 PM PST] InvestorsLive There’s a well spelled out lesson on 10/60

[Nov 22, 2009 6:21:05 PM PST] InvestorsLive right here: http://greenonthescreen.blogspot.com/2008/06/im-gonna-try.html

[Nov 22, 2009 6:21:21 PM PST] InvestorsLive as far as equityfeed all I use it for is OTCBB/Pinks

[Nov 22, 2009 6:21:31 PM PST] InvestorsLive not intraday charts, not Nasdaq etc

[Nov 22, 2009 6:21:38 PM PST] InvestorsLive Just a streaming scan

[Nov 22, 2009 6:21:46 PM PST] Laura We don’t usually worry about a 10/60 cross unless it is a stock we are in or watching

[Nov 22, 2009 6:21:57 PM PST] InvestorsLive and also

[Nov 22, 2009 6:22:00 PM PST] InvestorsLive in a slower market

[Nov 22, 2009 6:22:18 PM PST] InvestorsLive all that stuff doesn’t really matter in this market

[Nov 22, 2009 6:22:23 PM PST] InvestorsLive its so hot, so many opps

[Nov 22, 2009 6:22:45 PM PST] InvestorsLive alrigth few more broker related questions

[Nov 22, 2009 6:22:49 PM PST] InvestorsLive then we’ll open it right up

[Nov 22, 2009 6:22:59 PM PST] InvestorsLive QUESTION: I’ve recently signed up for SpeedTrader and notice a huge difference in executions compared to Etrade and Ameritrade but I’m still trying to figure out direct access. Using SpeedTrader I tried to buy a stock the other day and directed it to NITE. The order sat there for 45 seconds with no fill and then I placed a duplicate order to ARCA and it immediately filled. My order to NITE still didn’t fill even though NITE was the best ask so I cancelled my order. It cost me more in commissions to go through ARCA but I got the price that I wanted. Do you have any suggestions as to who to direct orders to for the fastest executions? Also, are there preferred routes to use for OTCBB and Pink Sheets?

[Nov 22, 2009 6:23:12 PM PST] InvestorsLive You’ve got it right, ARCA may have been on the stock as well depends on order size and if the route is locked. If there’s a lot of retail going for NITE than it may put you in line whereas ARCA at times could flash fill. I rarely if ever use ARCA on OTCBB unless bidding for it or pre market. Other than that you’re on the right track – just use what’s on the offer or 90% of the time I use NITE route.

[Nov 22, 2009 6:23:48 PM PST] InvestorsLive QUESTION: Sometimes I go to direct an order to whoever is the best bid/offer only to find that market maker leaves after I place the order. To ensure the fastest execution and that I get filled I always put the price a little higher than the ask or a little lower than the bid. Since the market maker sometimes leaves after I place the order I assume that it gets re-routed to another market maker. Is it better to put in a price using a specific market maker and hope I get filled by that market maker and if not re-routed or to just put a limit order to no market maker in particular. (My concern here is the quickest execution time.)

[Nov 22, 2009 6:24:15 PM PST] InvestorsLive Yes NITE is the best all around since they handle most order flow and will hit anyone directly as well. If you are chasing a stock and therefore the offers are jumping as you’re trying to get in yes I would suggest a bit above the offer just in case. Yes it will hit whomever is on the offer, it just may be slower than a direct route, that’s all.

[Nov 22, 2009 6:24:46 PM PST] InvestorsLive The rest of the broker questions from that person I answered here: http://www.investorsunderground.com/2009/11/22/seminar-notes-11-22-09/

[Nov 22, 2009 6:25:05 PM PST] InvestorsLive QUESTION: What are the parameters of your nightly scan, and your active daily scan. I know it’s through EquityFeed, but what are the exact parameters the scan is looking for, as far as current volume, previous day volume, price action, etc.

[Nov 22, 2009 6:25:14 PM PST] InvestorsLive What are the parameters of your nightly scan, and your active daily scan. I know it’s through EquityFeed, but what are the exact parameters the scan is looking for, as far as current volume, previous day volume, price action, etc.

[Nov 22, 2009 6:25:18 PM PST] InvestorsLive woops

[Nov 22, 2009 6:25:23 PM PST] InvestorsLive My nightly scan is not Equityfeed it’s StockHouse which you can see here: http://www.investorsunderground.com/stock-fetcher-scans/ But yes it scans for higher than average volume, gain greater than 8-10% and a bunch of other parameters that are linked right off the website. Equiyfeed is what I use during the day for my OTCBB/Pinks.

[Nov 22, 2009 6:26:42 PM PST] InvestorsLive Here’s one that shows you Me, Laura‘s bmons Muddys mind set

[Nov 22, 2009 6:26:53 PM PST] InvestorsLive I have been trading in this room and involved in penny stocks for less than 2 months and I have to say by far this is the best stock picking chat room on the planet. On a percentage basis, no one can compete, but I am interested on what your thoughts are about how long this can last. Is this the absolute best penny market you can recall in all your trading years. Are you guys and gals making more money now than ever before. A good majority of the stocks that seem to make the best gains are involved in the biotech arena. I’m thinking this space may be hot for the next few years, but I’d like some input from y’all on that.

[Nov 22, 2009 6:27:08 PM PST] InvestorsLive the short answer and no offense to the one asking

[Nov 22, 2009 6:27:32 PM PST] InvestorsLive it does no good to predict when it’ll end

[Nov 22, 2009 6:27:39 PM PST] InvestorsLive does no good to think biotechs hot etc

[Nov 22, 2009 6:27:40 PM PST] Laura biotechs come and they go

[Nov 22, 2009 6:27:43 PM PST] InvestorsLive we take what th emarket gives us

[Nov 22, 2009 6:27:49 PM PST] InvestorsLive Who knows it wasn’t hot for a long time, hopefully it stays hot. That’s an answer no one has and I don’t really think if there was an answer it’d help us any in the near term – so let’s not wish it away and hope they keep coming.

[Nov 22, 2009 6:27:55 PM PST] InvestorsLive No not making more money than ever before but yes the past 3 months are my best 3 months in the past 3-4 years. I don’t even know what sectors are hot – if you spend too much time thinking about that you’re going to waste time searching while you could be in a stock running that’s in the “hottest iphone application and twitter/domain name search engine” space aka BLAP. 95% of the time Muddy and myself have no idea what we are trading I would suggest the same to you. Over the years I have learn the less you know the better, just trade what the market gives you – let others worry about the rest.

[Nov 22, 2009 6:28:37 PM PST] InvestorsLive so long story short

[Nov 22, 2009 6:28:42 PM PST] InvestorsLive don’t care what the market is gonna do tomorrow

[Nov 22, 2009 6:28:45 PM PST] InvestorsLive we come here tomorrow and we find out

[Nov 22, 2009 6:28:53 PM PST] packeteers funny you say that… main reason i’m here is to unlearn being a fundementalist.

[Nov 22, 2009 6:28:58 PM PST] InvestorsLive don’t care if XYZ had profitable quarter and next big thing

[Nov 22, 2009 6:29:02 PM PST] InvestorsLive if its not moving, why do you care?

[Nov 22, 2009 6:29:08 PM PST] InvestorsLive right

[Nov 22, 2009 6:29:10 PM PST] Laura right, don’t care

[Nov 22, 2009 6:29:12 PM PST] Laura one bit

[Nov 22, 2009 6:29:33 PM PST] InvestorsLive like NXTH for example

[Nov 22, 2009 6:29:40 PM PST] InvestorsLive and I love Tim

[Nov 22, 2009 6:29:42 PM PST] InvestorsLive great guy

[Nov 22, 2009 6:29:42 PM PST] InvestorsLive but

[Nov 22, 2009 6:29:51 PM PST] InvestorsLive go thru filings for an hour to find out it should tank?

[Nov 22, 2009 6:29:54 PM PST] preston Price action is all that matters

[Nov 22, 2009 6:29:55 PM PST] InvestorsLive no sh*t

[Nov 22, 2009 6:30:00 PM PST] InvestorsLive but because you worry about all of that

[Nov 22, 2009 6:30:04 PM PST] InvestorsLive you missed out on $1.50 upside

[Nov 22, 2009 6:30:09 PM PST] jonnyslots So besides obvious shorts, you don’t pay attention to market “Beta”?

[Nov 22, 2009 6:30:17 PM PST] InvestorsLive “obvious shorts”

[Nov 22, 2009 6:30:19 PM PST] InvestorsLive like NLST?

[Nov 22, 2009 6:30:20 PM PST] InvestorsLive lol

[Nov 22, 2009 6:30:22 PM PST] jonnyslots CENX

[Nov 22, 2009 6:30:24 PM PST] Laura that’s why Level 2 not interesting to us

[Nov 22, 2009 6:30:34 PM PST] Laura watch price/vol

[Nov 22, 2009 6:30:37 PM PST] InvestorsLive zactly

[Nov 22, 2009 6:30:49 PM PST] InvestorsLive nothing is obvious except intraday

[Nov 22, 2009 6:30:53 PM PST] InvestorsLive take what it gives you intraday

[Nov 22, 2009 6:30:58 PM PST] jonnyslots what about beta with the POS penny stocks I’ve noticed an inverse trend when the market tanks they often move up

[Nov 22, 2009 6:31:00 PM PST] InvestorsLive but apply what you know from daily chart

[Nov 22, 2009 6:31:05 PM PST] Laura I can’t imagine the time we’d waste watching L2

[Nov 22, 2009 6:31:06 PM PST] InvestorsLive from scans

[Nov 22, 2009 6:31:13 PM PST] Laura miss so many plays

[Nov 22, 2009 6:31:24 PM PST] InvestorsLive jonny how does that help

[Nov 22, 2009 6:31:32 PM PST] InvestorsLive that theory

[Nov 22, 2009 6:31:34 PM PST] InvestorsLive is disproved

[Nov 22, 2009 6:31:36 PM PST] jonnyslots that

[Nov 22, 2009 6:31:37 PM PST] InvestorsLive market has been up

[Nov 22, 2009 6:31:38 PM PST] InvestorsLive 500 pts

[Nov 22, 2009 6:31:41 PM PST] InvestorsLive and penny market

[Nov 22, 2009 6:31:43 PM PST] InvestorsLive hotter than ever

[Nov 22, 2009 6:31:45 PM PST] jonnyslots is what I’m asking you guys

[Nov 22, 2009 6:31:51 PM PST] InvestorsLive so right away … disproved

[Nov 22, 2009 6:31:52 PM PST] Ohhoshow Quick question…do you always give an alert in the chat room before you twitter it?

[Nov 22, 2009 6:31:54 PM PST] InvestorsLive so we don’t worry about it

[Nov 22, 2009 6:31:57 PM PST] InvestorsLive take what it gives you

[Nov 22, 2009 6:32:09 PM PST] InvestorsLive I tweet way late

[Nov 22, 2009 6:32:17 PM PST] Ohhoshow ok thanks

[Nov 22, 2009 6:32:19 PM PST] InvestorsLive twitter is the I told you so

[Nov 22, 2009 6:32:22 PM PST] Ohhoshow thats what i figured

[Nov 22, 2009 6:32:28 PM PST] Laura IL gives it here first

[Nov 22, 2009 6:32:33 PM PST] InvestorsLive twitter is my only marketing tool

[Nov 22, 2009 6:32:39 PM PST] packeteers IL how many more prepared questions to answer left ?

[Nov 22, 2009 6:32:42 PM PST] InvestorsLive besides you guys that always obviously bring other folks

[Nov 22, 2009 6:32:47 PM PST] InvestorsLive I’m done

[Nov 22, 2009 6:32:52 PM PST] InvestorsLive answered the rest in the seminar notes

[Nov 22, 2009 6:32:55 PM PST] InvestorsLive I posted previously

[Nov 22, 2009 6:33:16 PM PST] packeteers cool, if anyone here lives/works in NYC or Long Island – I have an interesting announcement to make;

[Nov 22, 2009 6:33:26 PM PST] packeteers a Dozen of us NYC/LI Daytraders will be meeting for dinner 11/23 this Monday night starting 7pm in the back room of T.G.I.Friday’s, Corner of Merrick Avenue and Corporate Dr, Westbury on Long Island (walking distance from LIRR) 8-9pm we have an experienced Wall St insider speaking, then open trader to trader discussions till 10pm. cost is only what you eat & drink off the menu while there. no need to RSVP – just come.

[Nov 22, 2009 6:33:43 PM PST] InvestorsLive anyhow…

[Nov 22, 2009 6:33:46 PM PST] InvestorsLive feel free guys

[Nov 22, 2009 6:33:48 PM PST] InvestorsLive to ask questions

[Nov 22, 2009 6:33:50 PM PST] Ohhoshow how bout new jerseyans

[Nov 22, 2009 6:33:51 PM PST] InvestorsLive back and forth etc

[Nov 22, 2009 6:34:02 PM PST] InvestorsLive we’ll all be on/off etc and I have to do a scan later

[Nov 22, 2009 6:34:04 PM PST] Ohhoshow IL you talked about selling on the ask…how about buying?

[Nov 22, 2009 6:34:14 PM PST] InvestorsLive I buy when I want it

[Nov 22, 2009 6:34:17 PM PST] InvestorsLive off offer

[Nov 22, 2009 6:34:21 PM PST] InvestorsLive unless I’m trading it actively

[Nov 22, 2009 6:34:23 PM PST] Ohhoshow like i said im always worry that if my bid gets hit it means the stock is going down

[Nov 22, 2009 6:34:26 PM PST] InvestorsLive then I’ll bid for it

[Nov 22, 2009 6:34:31 PM PST] cpaul me too

[Nov 22, 2009 6:34:34 PM PST] InvestorsLive I like to buy into weakness etc

[Nov 22, 2009 6:34:41 PM PST] InvestorsLive on SOME stuff

[Nov 22, 2009 6:34:45 PM PST] InvestorsLive if I’m trading it actively

[Nov 22, 2009 6:34:56 PM PST] InvestorsLive but 80%-90% of the time

[Nov 22, 2009 6:35:00 PM PST] InvestorsLive I’m playing it for momentum

[Nov 22, 2009 6:35:01 PM PST] InvestorsLive so on offer

[Nov 22, 2009 6:35:12 PM PST] InvestorsLive only time bid for it… pull backs or active stocks that I can play the spread

[Nov 22, 2009 6:35:26 PM PST] Ohhoshow ok thanks

[Nov 22, 2009 6:35:32 PM PST] InvestorsLive I trade around positions

[Nov 22, 2009 6:35:36 PM PST] InvestorsLive keep a core

[Nov 22, 2009 6:35:41 PM PST] InvestorsLive BDGN for example

[Nov 22, 2009 6:35:47 PM PST] InvestorsLive sell 33 bid for it 31

[Nov 22, 2009 6:36:04 PM PST] InvestorsLive but u have to have a core otherwise not really worth it

[Nov 22, 2009 6:36:11 PM PST] michael23 You said that by the time it’s popping you’re usually selling and that if you post “ripping” then it’s too late to get in – so is that a reliable indicator to short?

[Nov 22, 2009 6:36:19 PM PST] Laura we always hit the ask on a momo stock

[Nov 22, 2009 6:36:29 PM PST] Laura why bother playing games?

[Nov 22, 2009 6:36:31 PM PST] InvestorsLive rippin usually related to nasdaq stocks

[Nov 22, 2009 6:36:41 PM PST] InvestorsLive and if its the first time I mention it

[Nov 22, 2009 6:36:44 PM PST] InvestorsLive prob watch for a pull back

[Nov 22, 2009 6:36:45 PM PST] InvestorsLive like ummmm

[Nov 22, 2009 6:36:50 PM PST] InvestorsLive TIVO?

[Nov 22, 2009 6:36:50 PM PST] InvestorsLive was it

[Nov 22, 2009 6:37:02 PM PST] InvestorsLive TIVO ripped I think the other day

[Nov 22, 2009 6:37:15 PM PST] InvestorsLive then pulled back, grabbed it.. and kept hitting HODs from there

[Nov 22, 2009 6:37:20 PM PST] InvestorsLive stuff lke that

[Nov 22, 2009 6:37:26 PM PST] InvestorsLive if its near/at support that it ripped off of

[Nov 22, 2009 6:37:35 PM PST] InvestorsLive and there’s a reason that I can comfortably buy

[Nov 22, 2009 6:37:39 PM PST] InvestorsLive otherwise I’ll just look for next

[Nov 22, 2009 6:37:52 PM PST] pdicamillo1 Does it worry you at all that if lets say 3,00 people are in this room and they are all copying your style it will no longer continue to work?

[Nov 22, 2009 6:38:18 PM PST] InvestorsLive no

[Nov 22, 2009 6:38:19 PM PST] michael23 thanks

[Nov 22, 2009 6:38:19 PM PST] InvestorsLive not at all

[Nov 22, 2009 6:38:24 PM PST] Laura no

[Nov 22, 2009 6:38:32 PM PST] lander721 gearing….. just moving up or getting ready to pop

[Nov 22, 2009 6:38:33 PM PST] Laura cuz most can’t do it mentally

[Nov 22, 2009 6:38:33 PM PST] Big J Question: For someone who has no idea about the stock market and has never made a trade, where do you recommend they look to get a base knowledge of how everything works?

[Nov 22, 2009 6:39:04 PM PST] InvestorsLive pdicamillo its about teaching you guys how to pull the trigger on your own

[Nov 22, 2009 6:39:08 PM PST] InvestorsLive that’s why we do it the way we do

[Nov 22, 2009 6:39:14 PM PST] InvestorsLive I don’t want a sykes style following

[Nov 22, 2009 6:39:22 PM PST] InvestorsLive I’d rather teach your what to look for

[Nov 22, 2009 6:39:38 PM PST] InvestorsLive if I trained the room for a following like that I’d be scalping members

[Nov 22, 2009 6:39:40 PM PST] Ohhoshow http://www.investopedia.com/ is great for terms and stuff

[Nov 22, 2009 6:39:41 PM PST] InvestorsLive not my interest

[Nov 22, 2009 6:39:46 PM PST] InvestorsLive also screws up my mentaility

[Nov 22, 2009 6:39:52 PM PST] InvestorsLive as far as natural vs. rigged moves

[Nov 22, 2009 6:40:10 PM PST] InvestorsLive everything we trade is liquid

[Nov 22, 2009 6:40:19 PM PST] tarheeljeff This is a bit off-topic I guess. But you guys (Muddy/nate/L) ever thought of having an IU “conference” or something? a day or two for all of us to get together, trade together maybe?, share ideas, etc…

[Nov 22, 2009 6:40:39 PM PST] InvestorsLive u can share ideas here

[Nov 22, 2009 6:40:40 PM PST] InvestorsLive any day

[Nov 22, 2009 6:40:46 PM PST] BUDF0X Why let IL feed you for the day when you can feed yourself for a lifetime.

[Nov 22, 2009 6:40:52 PM PST] InvestorsLive but yea next year Tim and I prob going to do seminar again

[Nov 22, 2009 6:40:59 PM PST] InvestorsLive and Muddy/L (right Muddy/L) ?

[Nov 22, 2009 6:41:11 PM PST] InvestorsLive zactly Bud!

[Nov 22, 2009 6:41:24 PM PST] InvestorsLive rather u guys be able to do it on ur own, u take out the life line…

[Nov 22, 2009 6:41:28 PM PST] InvestorsLive can u do it on ur own?

[Nov 22, 2009 6:41:37 PM PST] InvestorsLive if u just copy some1 ur whole life… in the end

[Nov 22, 2009 6:41:38 PM PST] InvestorsLive what have u learned

[Nov 22, 2009 6:41:49 PM PST] InvestorsLive how to buy quickly and scalp a play?

[Nov 22, 2009 6:41:54 PM PST] InvestorsLive or… how to trade?

[Nov 22, 2009 6:42:08 PM PST] InvestorsLive trading is an asset

[Nov 22, 2009 6:42:52 PM PST] pdicamillo1 Any chance of ever getting the trading chat in webinar format with audio ? If not, not problem it is great the way it is set up now.

[Nov 22, 2009 6:43:04 PM PST] InvestorsLive nah

[Nov 22, 2009 6:43:41 PM PST] packeteers some sights have good videos and powerpoint discussions

[Nov 22, 2009 6:43:44 PM PST] Laura don’t see why audio so important to you youngens

[Nov 22, 2009 6:43:53 PM PST] Laura 🙂

[Nov 22, 2009 6:43:55 PM PST] InvestorsLive I will have videos/powerpoint and all that but every day I try to do it

[Nov 22, 2009 6:43:56 PM PST] cpaul if it aint broke dont fix it……………..

[Nov 22, 2009 6:43:57 PM PST] tarheeljeff reading is for losers L!

[Nov 22, 2009 6:43:58 PM PST] InvestorsLive stuff like BDGN comes out

[Nov 22, 2009 6:44:16 PM PST] InvestorsLive how can I concentrate

[Nov 22, 2009 6:44:19 PM PST] packeteers IL no need IMHO – best to go with your strengths…

[Nov 22, 2009 6:44:24 PM PST] Big J I know brokers is talked about a lot and I’m in the process of reading all the other seminars and blogs, but if I have over 25k and can’t get in with Interactive Brokers or Speedtrader who should I go with?

[Nov 22, 2009 6:44:35 PM PST] InvestorsLive I have to take advantage of this market… its unreal

[Nov 22, 2009 6:44:57 PM PST] InvestorsLive brb tho, I will be back to go over some stuff in a bit – gotta take a time out then finish scan will be back in a bit

[Nov 22, 2009 6:45:06 PM PST] InvestorsLive SpeedTrader is best for trading IB is best for borrows

[Nov 22, 2009 6:45:14 PM PST] InvestorsLive dastrader try the demo Big J

[Nov 22, 2009 6:45:14 PM PST] InvestorsLive brb

[Nov 22, 2009 6:45:25 PM PST] Big J But what if i can’t get in with either of them?

[Nov 22, 2009 6:45:26 PM PST] InvestorsLive feel free to PM questions etc I’ll check em

[Nov 22, 2009 6:45:35 PM PST] Big J Because they require experience…

[Nov 22, 2009 6:45:43 PM PST] peter hi nice topics so far.. what I really miss in the room are more ideas/comments like “I think it this stock hits $XX is a great support” or if breaks $ZZ is a nice breakout…

[Nov 22, 2009 6:46:30 PM PST] peter I know IL writes this on his scans that helps a lot for next day

[Nov 22, 2009 6:46:32 PM PST] packeteers peter – we all have our own style – sometimes you multitasking too much to spell things out that clearly.

[Nov 22, 2009 6:47:13 PM PST] peter I understand packeteers we are all trading…

[Nov 22, 2009 6:47:35 PM PST] packeteers if you get timely hods, lods, and volume spikes coming off some members well tuned screener – that alone is worth the $200/month

[Nov 22, 2009 6:48:09 PM PST] peter but maybe u charted some XYZ stock in yr nighlty scan and you see it developing during the day and is much more helpful than just say stock is nHOD

[Nov 22, 2009 6:49:11 PM PST] packeteers ok, last time spam of this tonight – to anyone local in NYC or Long Island – for tomorrow night:

[Nov 22, 2009 6:49:12 PM PST] peter on for sure is worth, no doubt that the alerts itself are very helpful

[Nov 22, 2009 6:49:12 PM PST] packeteers a Dozen of us NYC/LI Daytraders will be meeting for dinner 11/23 this Monday night starting 7pm in the back room of T.G.I.Friday’s, Corner of Merrick Avenue and Corporate Dr, Westbury on Long Island (walking distance from LIRR) 8-9pm we have an experienced Wall St insider speaking, then open trader to trader discussions till 10pm. cost is only what you eat & drink off the menu while there. no need to RSVP – just come.

[Nov 22, 2009 6:52:29 PM PST] Laura 2 more questions, I think not addressed

[Nov 22, 2009 6:52:30 PM PST] Laura Do you use Scottrade quotebox for the brief asks (flashes) and what do you think the % is that the price gets to those prices flashed? I have watched the quote box lately and have noticed that lower bids also appear briefly. Can it be assumed that the price might also go there?

[Nov 22, 2009 6:53:31 PM PST] Muddy yes for sure i do,if its realilistic more than 66% of time it hits it

[Nov 22, 2009 6:53:59 PM PST] Muddy the lower bids do not seem to matter imo…

[Nov 22, 2009 6:54:55 PM PST] Muddy and the thing is thats really nice is you can catch rthe “base”

[Nov 22, 2009 6:55:26 PM PST] Muddy yhe bids low,no,they don’y seem to matter

[Nov 22, 2009 6:55:27 PM PST] tarheeljeff so, simply, sounds like we’d be crazy not to take a stab at these that flash high! set a close stop and take the chance, huh

[Nov 22, 2009 6:56:00 PM PST] Muddy the odds are really good,honest

[Nov 22, 2009 6:56:54 PM PST] paynito what do you say that means “buy this to hold for a gap up tomorrow”

[Nov 22, 2009 6:56:59 PM PST] Muddy that is a good question on the bid…

[Nov 22, 2009 6:57:44 PM PST] Muddy the low bids don’t work,just the high asks

[Nov 22, 2009 7:01:26 PM PST] Laura paynito, usually IL that gives the headsup on potential gappers. he’s got a good feel for them and is usually right.

[Nov 22, 2009 7:02:14 PM PST] paynito thank you Laura, I can’t keep my fingers off the buttons yet and always am done in the first hour

[Nov 22, 2009 7:02:44 PM PST] Laura stay safe, protect your funds

[Nov 22, 2009 7:02:55 PM PST] Laura as you gain experience you will gain confidence

[Nov 22, 2009 7:03:08 PM PST] Laura MAIL GOAL FOR NEWBIES

[Nov 22, 2009 7:03:39 PM PST] Laura protect your trading acct

[Nov 22, 2009 7:03:48 PM PST] paynito I guess I should read this chat. I think I understand Tim’s short on ________ but I am very hit and miss on morning momentum plays

[Nov 22, 2009 7:04:00 PM PST] paynito sometimes I get sucked in right at the top

[Nov 22, 2009 7:04:15 PM PST] Laura what time do you go in on morning plays?

[Nov 22, 2009 7:04:15 PM PST] paynito I don’t know how to tell which ones will have follow through

[Nov 22, 2009 7:04:26 PM PST] paynito 9:34

[Nov 22, 2009 7:04:45 PM PST] DCobra maybe lay off the AM trades paynito….I’ve noticed that this chat really hits em good in the afternoon

[Nov 22, 2009 7:05:02 PM PST] Laura too early in day imo

[Nov 22, 2009 7:05:14 PM PST] tarheeljeff I’ve also noticed that there seem to be nice pullbacks between 9:30 and 10…

[Nov 22, 2009 7:05:26 PM PST] Laura Mudd and I play some at open, but mostly wait til 10 or so

[Nov 22, 2009 7:05:30 PM PST] paynito why is it incognito today? I see 72 but no names except anthony when he came in

[Nov 22, 2009 7:05:46 PM PST] Laura huh?

[Nov 22, 2009 7:05:57 PM PST] paynito i don’t see all the user names on the left

[Nov 22, 2009 7:06:12 PM PST] Laura no clue dude

[Nov 22, 2009 7:06:14 PM PST] DCobra make sure your clicked on the users tab and not the rooms tab

[Nov 22, 2009 7:06:23 PM PST] Laura good pt DC

[Nov 22, 2009 7:06:46 PM PST] paynito nah, doesn’t matter. Is Mr. CyGroup here?

[Nov 22, 2009 7:06:54 PM PST] Laura no

[Nov 22, 2009 7:07:00 PM PST] Seq alot of us just hang around

[Nov 22, 2009 7:07:35 PM PST] paynito it’s 9 central did the seminar just end?

[Nov 22, 2009 7:08:19 PM PST] packeteers for monday morning there are sights you can check to see what the promoters are pumping, but they rarely hod after the opening gap, so it often pays to watch and wait till 10am

[Nov 22, 2009 7:09:03 PM PST] Laura we mostly know that here in chat

[Nov 22, 2009 7:09:33 PM PST] packeteers %%%% is true if a monday opening stock had news before the open – you can’t tell if the news will carry it thru the day till after the opening gap sells off to see if it’s likely to recover higher.

[Nov 22, 2009 7:09:43 PM PST] packeteers same not %%%%, sorry.

[Nov 22, 2009 7:10:32 PM PST] Laura and watch and wait is not the usually the best strategy with the pumps

[Nov 22, 2009 7:11:21 PM PST] Seq i know rhis might sound silly but here is something i have come to do with out the stock fetcher scans

[Nov 22, 2009 7:11:53 PM PST] Seq i look at bigcharts market % movers right off the bat in the am after about an hour trading

[Nov 22, 2009 7:12:10 PM PST] Seq and try to match a pattern i know and chart it

[Nov 22, 2009 7:12:32 PM PST] Seq this usually helps me get a feel of if im doing it right or wrong

[Nov 22, 2009 7:12:46 PM PST] Seq and i paper trade the ideas

[Nov 22, 2009 7:12:59 PM PST] Seq til im comfortable

[Nov 22, 2009 7:14:00 PM PST] bmon nice seq if that works for you then thats all that matters

[Nov 22, 2009 7:14:12 PM PST] Seq just an idea

[Nov 22, 2009 7:15:06 PM PST] Laura agree with bmon, use what works for you. lotta peeps in here don’t trade the otcbb and pinks

[Nov 22, 2009 7:15:20 PM PST] cpaul anyone in VKNG or ISCR? thoughts?

[Nov 22, 2009 7:15:25 PM PST] Laura that’s cool too, very risky if you don’t act quick

[Nov 22, 2009 7:15:57 PM PST] Laura with smaller acct, better to play the good dayrangers

[Nov 22, 2009 7:16:20 PM PST] patman anyone think the Obama health care reform ‘approval’ of this weekend will positively affect the pharma stocks monday morning ?

[Nov 22, 2009 7:16:23 PM PST] Laura safer even is to play the dayrangers between 10-15

[Nov 22, 2009 7:16:37 PM PST] Laura why would it patman?

[Nov 22, 2009 7:16:59 PM PST] patman absolutely no idea, just asking

[Nov 22, 2009 7:17:40 PM PST] paynito anything going on where we can make 3% a day like NXTH before it cracked?

[Nov 22, 2009 7:17:43 PM PST] Laura no reason for pharmas to go up……..gov’t gonna want generics on everything

[Nov 22, 2009 7:18:12 PM PST] cpaul well coudl be good for the short term thou

[Nov 22, 2009 7:18:20 PM PST] Laura paynito, look at the scans at night posted on the dashboard

[Nov 22, 2009 7:18:29 PM PST] DCobra you guys gotta stop thinking like investors

[Nov 22, 2009 7:18:36 PM PST] Ohhoshow last week one eneded patman

[Nov 22, 2009 7:18:41 PM PST] Ohhoshow im sure one will coem soon again

[Nov 22, 2009 7:18:50 PM PST] Laura good point DCobra

[Nov 22, 2009 7:19:00 PM PST] Muddy ha,DCobra

[Nov 22, 2009 7:19:07 PM PST] DCobra start thinking like traders…who cares what they make or do, as long as I can get on and ride north for a bit then get off where I like

[Nov 22, 2009 7:19:23 PM PST] Laura there ya go

[Nov 22, 2009 7:19:27 PM PST] cpaul lol

[Nov 22, 2009 7:19:33 PM PST] cpaul very true

[Nov 22, 2009 7:20:02 PM PST] DCobra best analogy….date em, dance a bit or even go steady, but dont get married 😉

[Nov 22, 2009 7:20:08 PM PST] madmax yeah, it almost seems the trading is easier here when the dow/market is down. easier to focus on specific runners.

[Nov 22, 2009 7:20:09 PM PST] Laura Mudd and I don’t even know the names of the companies that we trade for the most part

[Nov 22, 2009 7:21:06 PM PST] Laura we don’t do DD on them., lol

[Nov 22, 2009 7:21:12 PM PST] Laura why bother

[Nov 22, 2009 7:21:42 PM PST] madmax by the time you did DD on them it would have made its run most likely.

[Nov 22, 2009 7:21:49 PM PST] Laura yah

[Nov 22, 2009 7:21:53 PM PST] DCobra yes

[Nov 22, 2009 7:22:00 PM PST] Laura do check news after we buy/short

[Nov 22, 2009 7:22:11 PM PST] Laura but that’s mainly to see if it’s a hold

[Nov 22, 2009 7:23:24 PM PST] patman i think i have a tendency to hold stock for too long, too greedy probably… i still have PARD and ISIS for example, i could have sold ans cashed 7-8%

[Nov 22, 2009 7:23:29 PM PST] DCobra do you guys check the chart when you see something come across the scan or on the Qbox before you buy L?

[Nov 22, 2009 7:23:40 PM PST] Muddy the one i might stress…the “matches” with the darkside watches vs. the pre hits plus the ones on the high day rangers lists

[Nov 22, 2009 7:24:48 PM PST] patman i like the comment about trader vs investor

[Nov 22, 2009 7:25:00 PM PST] patman really put things in perspective

[Nov 22, 2009 7:26:01 PM PST] Laura investor to us means bagholder

[Nov 22, 2009 7:26:10 PM PST] DCobra I have mild ADD patman…I couldn’t buy and hold if I tried lol…gotta get in and get out or I get bored

[Nov 22, 2009 7:26:25 PM PST] Laura tha’ts ok, I see stocks I like for long holds

[Nov 22, 2009 7:26:33 PM PST] Laura no problem with that at all

[Nov 22, 2009 7:26:39 PM PST] DCobra yup Laura Ive heard that before too

[Nov 22, 2009 7:26:40 PM PST] patman i believe in CENX long term

[Nov 22, 2009 7:26:50 PM PST] patman but i could also daily trade the bastard like there no tommorow

[Nov 22, 2009 7:27:26 PM PST] Laura DCobra, yeah I might look at chart after seeing Qbox action, but Muddy barely does

[Nov 22, 2009 7:28:04 PM PST] Laura but he can read the Qbox so good

[Nov 22, 2009 7:28:28 PM PST] DCobra when you check the chart, do you look more for a short term time range say like ammonth or more like 6 months to a year?

[Nov 22, 2009 7:29:06 PM PST] Laura I use 3-6 month chart for daily, but intraday we use 2.5 day 5 min chart

[Nov 22, 2009 7:29:49 PM PST] paynito wow i use 1 day 1 minute chart, maybe that’s why i’m missing it

[Nov 22, 2009 7:30:03 PM PST] Laura but our bread and butter charts are daily charts at night using BBs and RSI2 and a couple MAs

[Nov 22, 2009 7:30:09 PM PST] DCobra when you check the chart are you looking for resistance/support levels or anything else?

[Nov 22, 2009 7:30:37 PM PST] Laura we use BBs more than support/resistance

[Nov 22, 2009 7:30:59 PM PST] DCobra ok makes sense…thanks!

[Nov 22, 2009 7:31:34 PM PST] paynito so you only buy if it’s by the bottom band or breaks the top band. i’m buying under the top band and loosing

[Nov 22, 2009 7:31:47 PM PST] Laura We laugh about it, but Mudd does caveman trading

[Nov 22, 2009 7:31:55 PM PST] Laura very simple stuff we use

[Nov 22, 2009 7:32:12 PM PST] Laura nope paynito

[Nov 22, 2009 7:32:21 PM PST] Laura http://greenonthescreen.blogspot.com/

[Nov 22, 2009 7:32:27 PM PST] Laura Muddy‘s blog

[Nov 22, 2009 7:32:32 PM PST] paynito thank you

[Nov 22, 2009 7:32:37 PM PST] lander721 Where can I find out more about Harmon… tried to Google it

[Nov 22, 2009 7:33:03 PM PST] Laura http://harmontrading.com/

[Nov 22, 2009 7:33:11 PM PST] lander721 Thanks

[Nov 22, 2009 7:33:16 PM PST] DCobra Im a Level 2 watcher…Muddy watching Qbox alone feels really wierd to me, but cant argue with the resuts!

[Nov 22, 2009 7:34:06 PM PST] bmon da bears

[Nov 22, 2009 7:34:52 PM PST] paynito so in the chat was there a signal “CLRH dump has started !!!”

[Nov 22, 2009 7:34:57 PM PST] Laura grrrrrrrrrrrrr bmon

[Nov 22, 2009 7:36:01 PM PST] bmon i know grrrrrr cutler couldnt hit a barn tonight

[Nov 22, 2009 7:36:06 PM PST] tarheeljeff while we’re talking football.. how about Favre today! dude just keeps on ticking..

[Nov 22, 2009 7:36:27 PM PST] tarheeljeff Cutler, world of talent, minimal results often

[Nov 22, 2009 7:36:30 PM PST] bmon hes the man

[Nov 22, 2009 7:36:37 PM PST] bmon for sure

[Nov 22, 2009 7:36:41 PM PST] tarheeljeff he IS! insane!

[Nov 22, 2009 7:36:45 PM PST] Muddy CLRH yes,that programmed wealkup

[Nov 22, 2009 7:36:48 PM PST] Laura mehhhhh Cutler

[Nov 22, 2009 7:37:11 PM PST] Muddy walkup^

[Nov 22, 2009 7:37:40 PM PST] Muddy they all end with fast dump

[Nov 22, 2009 7:38:04 PM PST] Muddy but then many pop up

[Nov 22, 2009 7:39:20 PM PST] paynito i played PWRM BRGO BICL SNIC WMGI EONC IMGG BRYN from the chat

[Nov 22, 2009 7:39:24 PM PST] tarheeljeff KBX, curious to see what it does tomorrow, did the UBB walk, now tail touching on pullback

[Nov 22, 2009 7:39:58 PM PST] djsdream vkng on open

[Nov 22, 2009 7:40:10 PM PST] bmon touchdown!

[Nov 22, 2009 7:40:23 PM PST] djsdream yep..

[Nov 22, 2009 7:40:31 PM PST] paynito some wins some losses, I guess I don’t know what to do when you throw out the ticker and I look at the chart, I don’t know why i didn’t try NLST or REV

[Nov 22, 2009 7:40:31 PM PST] djsdream nice 87

[Nov 22, 2009 7:40:46 PM PST] Gray419 i agree paynito,

[Nov 22, 2009 7:41:23 PM PST] Laura guys, here is the thing

[Nov 22, 2009 7:41:25 PM PST] bmon NLST type i look for pullbacks and pullback consoidate and break

[Nov 22, 2009 7:41:28 PM PST] Gray419 its easy too look back and say “see i threw out the early sign for XYZ” but there is never a “I was wrong about XYZ in the morning

[Nov 22, 2009 7:41:33 PM PST] bmon im not going to chase on them

[Nov 22, 2009 7:41:38 PM PST] patman personally, when a new ticket is posted, i look at teh chart and i mostly always get the feeling that i am ‘too late’

[Nov 22, 2009 7:41:39 PM PST] Laura you have to look at the charts, and make you own decision

[Nov 22, 2009 7:42:05 PM PST] Gray419 It would be nice if there was some sort of Talley of all the picks people throw out….

[Nov 22, 2009 7:42:11 PM PST] Gray419 how many are actually valid

[Nov 22, 2009 7:42:21 PM PST] Gray419 at the end of the day

[Nov 22, 2009 7:42:21 PM PST] Laura but how is that gonna help you?

[Nov 22, 2009 7:42:28 PM PST] DCobra it does help to know how to read the chart

[Nov 22, 2009 7:42:35 PM PST] patman or, if runner were ‘sorted’, top/med/low

[Nov 22, 2009 7:42:39 PM PST] Laura I put up a lot that do nothing

[Nov 22, 2009 7:42:51 PM PST] Laura But then I score a HUGE win

[Nov 22, 2009 7:43:34 PM PST] Gray419 right I understand you cant flat out tell any to BUY this stock XYZ and that this is for mere alerts , i guess its just frustrating

[Nov 22, 2009 7:43:35 PM PST] Laura if you want picks, join Tim Sykes’ alerts

[Nov 22, 2009 7:43:42 PM PST] Gray419 for instance

[Nov 22, 2009 7:44:20 PM PST] Gray419 ahh hold up im gonna find the ticker

[Nov 22, 2009 7:44:33 PM PST] Laura Sykes is great for smaller accts IMO

[Nov 22, 2009 7:45:02 PM PST] DCobra not every pick in here is gonna be a winner…gotta see whats moving, read a chart on it, then make a decision

[Nov 22, 2009 7:45:05 PM PST] patman great services ?

[Nov 22, 2009 7:45:28 PM PST] Gray419 I guess what I am asking is how to make better descisions on the alerts that are called out…or does it boil down to just luck

[Nov 22, 2009 7:45:59 PM PST] Laura if you are depending on luck then it’s not gonna work

[Nov 22, 2009 7:46:03 PM PST] Seq thanks guys/girls good stuff

[Nov 22, 2009 7:46:44 PM PST] Gray419 ??? i am asking not saying

[Nov 22, 2009 7:47:17 PM PST] tarheeljeff Gray, the SF scans have helped me a *lot*, run them nightly

[Nov 22, 2009 7:47:37 PM PST] DCobra I bought YRCW off of one of Laura‘s alerts (think I was a bit late though) and exited at break even because it got toppy….on the other hand, it was up higher later in the day and the next few days too….so the alert was good, just wasnt the timeframe I was lookign at…point is, dont look at it so much as a buy rec, rather look at it as a “here’s whats moving and has potential to move more”

[Nov 22, 2009 7:47:39 PM PST] patman tim sykes focus on short right ?

[Nov 22, 2009 7:47:42 PM PST] tarheeljeff I’ve also benefited from learning all I can about Muddy‘s methods (2 seminars in Sept were great)

[Nov 22, 2009 7:47:48 PM PST] bmon luck no

[Nov 22, 2009 7:48:36 PM PST] bmon luck doesnt give you an edge

[Nov 22, 2009 7:48:52 PM PST] DCobra luck works in craps, not in stocks lol

[Nov 22, 2009 7:48:59 PM PST] bmon soemtimes you might catch some luck and get a big play or something that shocks you how much it runs but for the most part no

[Nov 22, 2009 7:49:28 PM PST] Gray419 for instance

[Nov 22, 2009 7:50:08 PM PST] Gray419 [Nov 19, 2009 7:21:36 AM PST] Muddy saw .10 ARTS,pulled off

[Nov 22, 2009 7:50:11 PM PST] Gray419 [Nov 19, 2009 7:34:02 AM PST] Muddy EMBR VSYM hit scan

[Nov 22, 2009 7:50:34 PM PST] Gray419 here are three alerts

[Nov 22, 2009 7:51:04 PM PST] Gray419 from those i beleive IL picked VSYM almost minutes after the alert and was able to catch a nice profit

[Nov 22, 2009 7:51:43 PM PST] bmon are you new to trading gray?

[Nov 22, 2009 7:52:18 PM PST] Gray419 no I have been doing this for just over 12 months now, experimenting with various strategies

[Nov 22, 2009 7:52:40 PM PST] Gray419 I dont consider my self an expert, but also by no means a beginner

[Nov 22, 2009 7:52:53 PM PST] bmon ahhh ok….one think you have to realize with otcbb etc….is that lets say IL played all of them

[Nov 22, 2009 7:53:06 PM PST] bmon and they all go to zero it doesnt matter because its not going to hurt him a whole lot

[Nov 22, 2009 7:53:29 PM PST] bmon i dont even play those personally because I just dont get them

[Nov 22, 2009 7:54:00 PM PST] Gray419 i can say that I did “get” them for a while but didnt even realize what I was playing looking back in retrospec

[Nov 22, 2009 7:54:06 PM PST] Gray419 my track records proves this

[Nov 22, 2009 7:54:09 PM PST] Gray419 on Covestor

[Nov 22, 2009 7:54:48 PM PST] Gray419 it turns out I was playing pump and dumps without realizing they were even being promoted

[Nov 22, 2009 7:55:04 PM PST] bmon well then why not keep playing them if it was profitable?

[Nov 22, 2009 7:55:21 PM PST] Gray419 hah I am trying to believe me

[Nov 22, 2009 7:55:54 PM PST] Gray419 but for some reason i havent been playing them like i used to… and once again my track record proves this

[Nov 22, 2009 7:56:49 PM PST] Gray419 and I do like the chat because its the first place that I have found that looks for simliar plays the way I have been without realizing it

[Nov 22, 2009 7:58:10 PM PST] Gray419 Guess im just discouraged / venting sorry.. ill stop NOW haha

[Nov 22, 2009 7:58:20 PM PST] tarheeljeff how long you been here Gray?

[Nov 22, 2009 7:59:09 PM PST] Gray419 I originally joined IU as a referral back around what must have been august

[Nov 22, 2009 7:59:13 PM PST] Gray419 then I stopped

[Nov 22, 2009 7:59:21 PM PST] Gray419 and just recently came back a couple of weeks ago

[Nov 22, 2009 7:59:36 PM PST] paynito you’re still up 90% man, but down from 450, that must hurt

[Nov 22, 2009 7:59:51 PM PST] Gray419 ha yeah did u see my account

[Nov 22, 2009 7:59:54 PM PST] paynito what a ride

[Nov 22, 2009 7:59:57 PM PST] paynito yeah

[Nov 22, 2009 8:00:00 PM PST] Gray419 http://www.covestor.com/mbr/gray419

[Nov 22, 2009 8:00:18 PM PST] paynito -21.5 this month

[Nov 22, 2009 8:00:25 PM PST] paynito your timing must be off

[Nov 22, 2009 8:00:38 PM PST] paynito go for a run and clear your head

[Nov 22, 2009 8:01:00 PM PST] Gray419 hah actually ran a 5k today

[Nov 22, 2009 8:01:16 PM PST] paynito what was your time?

[Nov 22, 2009 8:01:29 PM PST] Gray419 essh not like my HS days…

[Nov 22, 2009 8:01:40 PM PST] Gray419 20:01 today but Ill take it for not training at all

[Nov 22, 2009 8:02:28 PM PST] paynito i have one tuesday 4 pm, only costs a can of food, that’s better than $15, i’ll report back to you

[Nov 22, 2009 8:02:49 PM PST] Gray419 nicee , good luck

[Nov 22, 2009 8:02:59 PM PST] Gray419 what is your PR?

[Nov 22, 2009 8:03:23 PM PST] paynito don’t remember it also was probably 4 years or more ago

[Nov 22, 2009 8:04:44 PM PST] Gray419 I see

[Nov 22, 2009 8:04:54 PM PST] Gray419 how long have you been trading paynito

[Nov 22, 2009 8:05:18 PM PST] paynito 18 is awesome in high school, but i think that was someone else, couldn’t have been me

[Nov 22, 2009 8:05:28 PM PST] paynito did i run an 18:40 once

[Nov 22, 2009 8:05:53 PM PST] paynito I started buying AAPL in 1996

[Nov 22, 2009 8:26:19 PM PST] paynito night

[Nov 22, 2009 8:38:11 PM PST] bmon night pay