Trading Setups. Parabolic Shorts. Chart Patterns

by | Aug 8, 2010

[Aug 8, 2010 8:05:05 PM EDT] InvestorsLive alrighty guys

[Aug 8, 2010 8:05:10 PM EDT] InvestorsLive welcome .. !

[Aug 8, 2010 8:05:19 PM EDT] InvestorsLive You guys sent in a bunch of good questions to start us off…

[Aug 8, 2010 8:05:22 PM EDT] InvestorsLive then we’ll open it up as always

[Aug 8, 2010 8:05:24 PM EDT] jakeo ::biggrin

[Aug 8, 2010 8:05:31 PM EDT] InvestorsLive Many of the questions overlapped too

[Aug 8, 2010 8:05:38 PM EDT] abulloch will you be putting up the 4 to 5 chat logs later, IL?

[Aug 8, 2010 8:05:43 PM EDT] InvestorsLive yes

[Aug 8, 2010 8:05:47 PM EDT] InvestorsLive I’ll split htem up

[Aug 8, 2010 8:05:49 PM EDT] InvestorsLive them up*

[Aug 8, 2010 8:05:57 PM EDT] Lagune Was wondering the same about logs.

[Aug 8, 2010 8:06:02 PM EDT] InvestorsLive Always

[Aug 8, 2010 8:06:04 PM EDT] InvestorsLive that’s why we don’t do voice

[Aug 8, 2010 8:06:23 PM EDT] InvestorsLive So I had questions about SPRD and I said I was going to save the chart on Friday

[Aug 8, 2010 8:06:29 PM EDT] InvestorsLive also had some questions about AFFY

[Aug 8, 2010 8:06:31 PM EDT] InvestorsLive they were the same set up

[Aug 8, 2010 8:06:38 PM EDT] InvestorsLive QUESTION: AFFY – You really nailed this call! What information did you use to make this call and what should we look for when we are doing our homework?

[Aug 8, 2010 8:06:49 PM EDT] InvestorsLive I’m just going to use SPRD as the example since it was the same thing

[Aug 8, 2010 8:07:01 PM EDT] InvestorsLive http://img821.imageshack.us/img821/2868/sprd1.png

[Aug 8, 2010 8:07:12 PM EDT] InvestorsLive pulls up for everyone?

[Aug 8, 2010 8:07:16 PM EDT] jakeo yes

[Aug 8, 2010 8:07:29 PM EDT] Lagune that it does

[Aug 8, 2010 8:07:34 PM EDT] InvestorsLive [Aug 6, 2010 10:05:51 AM EDT] InvestorsLive SPRD carrying a really nice breakout daily chart with it too

[Aug 8, 2010 8:07:37 PM EDT] InvestorsLive [Aug 6, 2010 10:08:39 AM EDT] InvestorsLive that’s why I like SPRD [Aug 6, 2010 10:08:48 AM EDT] InvestorsLive I won’t chase it tho with 0 downticks here I’d rather miss it – but [Aug 6, 2010 10:08:55 AM EDT] InvestorsLive if it fades puts in a higher high and re-test that $10 marker [Aug 6, 2010 10:09:06 AM EDT] InvestorsLive could have a multi day move (not sure if earnings are near tho)

[Aug 8, 2010 8:07:44 PM EDT] Lagune O have a question about AFFY, as a pinch playu

[Aug 8, 2010 8:07:47 PM EDT] InvestorsLive [Aug 6, 2010 1:05:27 PM EDT] BearNine SPRD going for 10 / hods

[Aug 8, 2010 8:07:57 PM EDT] InvestorsLive http://img14.imageshack.us/img14/1411/sprd2.png

[Aug 8, 2010 8:08:11 PM EDT] InvestorsLive so that’s SPRD in the AM then post breakout mid day

[Aug 8, 2010 8:08:21 PM EDT] InvestorsLive So sure.. you can take a stab at it in the AM

[Aug 8, 2010 8:08:30 PM EDT] InvestorsLive and ride it with a stop but something that literally has all solid green candles

[Aug 8, 2010 8:08:39 PM EDT] InvestorsLive the first 30 minuntes of the trading day… I consider that move missed

[Aug 8, 2010 8:08:50 PM EDT] InvestorsLive I want it to pull back and watch for consolidation

[Aug 8, 2010 8:09:05 PM EDT] InvestorsLive view the chat logs I posted above — stating exactly that

[Aug 8, 2010 8:09:12 PM EDT] InvestorsLive but this is one of my fav set ups.. Muddy too

[Aug 8, 2010 8:09:20 PM EDT] InvestorsLive now Muddy doesn’t use charts as much.. or at all

[Aug 8, 2010 8:09:28 PM EDT] InvestorsLive but you’ll see us on it at the same time later in the day

[Aug 8, 2010 8:09:38 PM EDT] InvestorsLive he may say “upping” “uppage” … “test” … “perking”

[Aug 8, 2010 8:09:42 PM EDT] InvestorsLive that’s the lingo

[Aug 8, 2010 8:09:48 PM EDT] InvestorsLive what’s that mean? … why do we care

[Aug 8, 2010 8:10:03 PM EDT] InvestorsLive You don’t want to just trade random stocks… I consider SPRD a BIG open

[Aug 8, 2010 8:10:14 PM EDT] InvestorsLive straight up… everyone is going to remember that towards mid day if it holds gains

[Aug 8, 2010 8:10:18 PM EDT] InvestorsLive and starts to test towards HODs again

[Aug 8, 2010 8:10:29 PM EDT] InvestorsLive if so … as I mentioned the DAILY chart supports the move as well

[Aug 8, 2010 8:11:04 PM EDT] InvestorsLive so I want to be long .. you can see it starts to put in support .70 range… starts perking up thru the day and test .80s-.85s… pulls back .05 and holds the support

[Aug 8, 2010 8:11:17 PM EDT] InvestorsLive that 9.85 – 9.90 break I want long in anticipating for $10 break

[Aug 8, 2010 8:11:25 PM EDT] InvestorsLive why?

[Aug 8, 2010 8:11:29 PM EDT] InvestorsLive risk vs. reward

[Aug 8, 2010 8:11:35 PM EDT] InvestorsLive my risk is .. .10-.15 ?

[Aug 8, 2010 8:11:40 PM EDT] InvestorsLive .70s was bottom

[Aug 8, 2010 8:11:55 PM EDT] InvestorsLive the perk re-test towards HODs and volume – u can see the volume right at 12:55

[Aug 8, 2010 8:12:24 PM EDT] InvestorsLive http://img186.imageshack.us/img186/884/sprd3.png

[Aug 8, 2010 8:12:26 PM EDT] InvestorsLive plays out a bit more

[Aug 8, 2010 8:12:39 PM EDT] InvestorsLive You can see the volume on the $10 break too

[Aug 8, 2010 8:12:54 PM EDT] InvestorsLive So for the user with the AFFY question – this was the same set up

[Aug 8, 2010 8:13:01 PM EDT] InvestorsLive Morning had a big move

[Aug 8, 2010 8:13:10 PM EDT] InvestorsLive pulled back watch for it to support – don’t try to guess bottom

[Aug 8, 2010 8:13:13 PM EDT] InvestorsLive let it tell you.. let it turn

[Aug 8, 2010 8:13:26 PM EDT] InvestorsLive when it’s about to re-break prior highs .. if it’s starting to move off a flat line

[Aug 8, 2010 8:13:28 PM EDT] InvestorsLive take the trend

[Aug 8, 2010 8:13:54 PM EDT] InvestorsLive any questions?

[Aug 8, 2010 8:14:01 PM EDT] browndog ya

[Aug 8, 2010 8:14:12 PM EDT] browndog seems like shorting new lows and buying new highs has not been working as good lately

[Aug 8, 2010 8:14:36 PM EDT] InvestorsLive is that a question?

[Aug 8, 2010 8:14:50 PM EDT] InvestorsLive any questions related to SPRD/AFFY ?

[Aug 8, 2010 8:14:50 PM EDT] browndog just somethin i noticed lately

[Aug 8, 2010 8:14:59 PM EDT] jakeo yes

[Aug 8, 2010 8:15:08 PM EDT] InvestorsLive shoot jakeo

[Aug 8, 2010 8:15:24 PM EDT] Lagune http://stockcharts.com/h-sc/ui?s=AFFY&p=D&b=7&g=0&id=p52707865553 <– adx/ppo looks like one of those pinch plays, do you ever use daily charts etc or just stuck with intraday

[Aug 8, 2010 8:15:25 PM EDT] jakeo with AFFY you made the call during the scans did you use the prior trading day to help you make the call?

[Aug 8, 2010 8:15:36 PM EDT] Lagune thats for AFFY btw

[Aug 8, 2010 8:16:21 PM EDT] InvestorsLive Alright so jakeo – the AFFY related to Friday’s move?

[Aug 8, 2010 8:16:29 PM EDT] jakeo yes

[Aug 8, 2010 8:16:31 PM EDT] InvestorsLive AFFY that’s one play I like a lot

[Aug 8, 2010 8:16:34 PM EDT] abbey39 how do u detect a trend is about to take place on intraday play?

[Aug 8, 2010 8:16:39 PM EDT] InvestorsLive You’ll see me post that a lot on the scans

[Aug 8, 2010 8:16:42 PM EDT] InvestorsLive with stocks in play hte day before

[Aug 8, 2010 8:16:55 PM EDT] InvestorsLive if it opens extremely strong… (big gap) and pops into the first 15 minutes

[Aug 8, 2010 8:16:58 PM EDT] InvestorsLive I’m totally short biased

[Aug 8, 2010 8:17:02 PM EDT] InvestorsLive like ATPG

[Aug 8, 2010 8:17:03 PM EDT] InvestorsLive Thursday

[Aug 8, 2010 8:17:19 PM EDT] InvestorsLive Tuesday big move.. Wednesday big move $2.00’s almost

[Aug 8, 2010 8:17:26 PM EDT] InvestorsLive Thursday … .70 cent gap?

[Aug 8, 2010 8:17:32 PM EDT] BearNine so that consolidation around 9.90 was a good buy spot correct? (affy)

[Aug 8, 2010 8:17:35 PM EDT] InvestorsLive I started into short…

[Aug 8, 2010 8:17:49 PM EDT] InvestorsLive then take that profit with other profit takers… that’s ONE way

[Aug 8, 2010 8:17:51 PM EDT] InvestorsLive the OPPOSITE was

[Aug 8, 2010 8:17:52 PM EDT] InvestorsLive AFFY

[Aug 8, 2010 8:17:55 PM EDT] InvestorsLive and how it acted on Friday

[Aug 8, 2010 8:17:58 PM EDT] InvestorsLive BIG move on Thursday

[Aug 8, 2010 8:18:02 PM EDT] InvestorsLive opens WEAK

[Aug 8, 2010 8:18:09 PM EDT] InvestorsLive I watch BIG Moves from day before… for red/green action

[Aug 8, 2010 8:18:11 PM EDT] BearNine (SPRD* sorry)

[Aug 8, 2010 8:18:25 PM EDT] InvestorsLive but the good part about AFFY was also had whole # break in there

[Aug 8, 2010 8:18:38 PM EDT] InvestorsLive so I look for stocks in play day before because they are just like pumps

[Aug 8, 2010 8:18:45 PM EDT] InvestorsLive long story short… they will be hot for 2-3 days

[Aug 8, 2010 8:18:50 PM EDT] InvestorsLive and then slowly head under the radar

[Aug 8, 2010 8:18:54 PM EDT] InvestorsLive like APTD with pennypic

[Aug 8, 2010 8:18:59 PM EDT] InvestorsLive or ADSY with crazypennystocks

[Aug 8, 2010 8:19:08 PM EDT] InvestorsLive they are hot hot hot u can trade them for 3 days.. then they go under the radar

[Aug 8, 2010 8:19:15 PM EDT] InvestorsLive same with these

[Aug 8, 2010 8:19:17 PM EDT] InvestorsLive that help jakeo?

[Aug 8, 2010 8:19:25 PM EDT] jakeo yes

[Aug 8, 2010 8:19:25 PM EDT] InvestorsLive and why I thought/had it on scan to trade it long on a red/green

[Aug 8, 2010 8:19:27 PM EDT] InvestorsLive if it opened weak

[Aug 8, 2010 8:19:32 PM EDT] InvestorsLive same thing with APKT tomorrow

[Aug 8, 2010 8:19:35 PM EDT] InvestorsLive short biased on a gap up

[Aug 8, 2010 8:19:39 PM EDT] InvestorsLive if it gaps and moves .50+

[Aug 8, 2010 8:19:44 PM EDT] InvestorsLive I’m short biased

[Aug 8, 2010 8:19:57 PM EDT] InvestorsLive if it gaps down… watch for it to inch up.. if it test red/green … prob has a squeeze in it

[Aug 8, 2010 8:20:08 PM EDT] jakeo got it

[Aug 8, 2010 8:20:12 PM EDT] InvestorsLive Alright next question: Lagune

[Aug 8, 2010 8:20:19 PM EDT] InvestorsLive (Aug 08-20:15) Lagune: http://stockcharts.com/h-sc/ui?s=AFFY&p=D&b=7&g=0&id=p52707865553 <– adx/ppo looks like one of those pinch plays, do you ever use daily charts etc or just stuck with intraday

[Aug 8, 2010 8:20:26 PM EDT] InvestorsLive I use Daily chart – same one you see me post on Scans

[Aug 8, 2010 8:20:31 PM EDT] InvestorsLive 3 months or 6 months

[Aug 8, 2010 8:20:34 PM EDT] InvestorsLive if I can’t see it in 3 month chart

[Aug 8, 2010 8:20:40 PM EDT] InvestorsLive I don’t use ADX and PPO or any of that

[Aug 8, 2010 8:20:50 PM EDT] InvestorsLive I feel that Bollinger Bands and all the other indicators .. MACD etc

[Aug 8, 2010 8:20:54 PM EDT] InvestorsLive are all POST move

[Aug 8, 2010 8:20:55 PM EDT] InvestorsLive after the fact

[Aug 8, 2010 8:20:58 PM EDT] InvestorsLive it’s like hindsight

[Aug 8, 2010 8:21:10 PM EDT] InvestorsLive if you look at a chart AFTER THE FACT

[Aug 8, 2010 8:21:18 PM EDT] InvestorsLive it looks TOTALLY different than all those indicators live

[Aug 8, 2010 8:21:36 PM EDT] InvestorsLive You can go back and say… O well this was crossing this.. and this touched this… so it was a buy because of this this and this

[Aug 8, 2010 8:22:09 PM EDT] InvestorsLive questions Lagune ?

[Aug 8, 2010 8:22:39 PM EDT] browndog how much do you take the overall market into consideration in stocks like SPRD

[Aug 8, 2010 8:23:11 PM EDT] InvestorsLive I have a hard time buying breakout moves if the market is up big and looks to pull back

[Aug 8, 2010 8:23:23 PM EDT] InvestorsLive but many of these moves lately have been unrelated

[Aug 8, 2010 8:23:36 PM EDT] InvestorsLive Muddy never watches it..

[Aug 8, 2010 8:23:47 PM EDT] InvestorsLive I do for optimal entry… of to take advantage of a move

[Aug 8, 2010 8:24:00 PM EDT] BroadS-Mark goodnight all

[Aug 8, 2010 8:24:27 PM EDT] danstca2000 IL< does stochastic oscialltor help?

[Aug 8, 2010 8:24:36 PM EDT] InvestorsLive I’ll put it this way

[Aug 8, 2010 8:24:38 PM EDT] InvestorsLive I use volume

[Aug 8, 2010 8:24:40 PM EDT] InvestorsLive Price action

[Aug 8, 2010 8:24:45 PM EDT] InvestorsLive and candle stick charting

[Aug 8, 2010 8:24:51 PM EDT] Laura yes

[Aug 8, 2010 8:24:53 PM EDT] InvestorsLive and look at 3-6 month candle stick charts

[Aug 8, 2010 8:24:59 PM EDT] Laura yes

[Aug 8, 2010 8:25:07 PM EDT] InvestorsLive the rest is noise

[Aug 8, 2010 8:25:12 PM EDT] InvestorsLive read up to see what I said about indicators

[Aug 8, 2010 8:25:49 PM EDT] danstca2000 alright

[Aug 8, 2010 8:27:02 PM EDT] InvestorsLive Any other questions based on what I’ve gone over so far?

[Aug 8, 2010 8:27:33 PM EDT] stockmike Opening 60 min range break helps?

[Aug 8, 2010 8:28:26 PM EDT] InvestorsLive can u clarify?

[Aug 8, 2010 8:28:46 PM EDT] InvestorsLive I am a ‘scalper’ first 15-30 minutes many times I just take quick moves

[Aug 8, 2010 8:28:50 PM EDT] InvestorsLive and I let stocks set up

[Aug 8, 2010 8:28:58 PM EDT] InvestorsLive BASED on the opening 15-30-60 minutes

[Aug 8, 2010 8:29:01 PM EDT] InvestorsLive and their range

[Aug 8, 2010 8:29:03 PM EDT] InvestorsLive if that’s what your asking

[Aug 8, 2010 8:29:08 PM EDT] InvestorsLive so .. that’s a yes

[Aug 8, 2010 8:29:19 PM EDT] InvestorsLive let the chart form somerthing you’re familiar with

[Aug 8, 2010 8:29:28 PM EDT] stockmike I mean if it is breaking out of the 1st 60 mins high and market is up, can it be a buy?

[Aug 8, 2010 8:29:37 PM EDT] InvestorsLive well that’d be a HOD break

[Aug 8, 2010 8:29:41 PM EDT] InvestorsLive so yes we trade many HOD breaks

[Aug 8, 2010 8:29:47 PM EDT] InvestorsLive doesn’t matter if it’s a 60 min break

[Aug 8, 2010 8:29:58 PM EDT] InvestorsLive if it’s a HOD break or re-test then usually nice

[Aug 8, 2010 8:29:59 PM EDT] stockmike ok

[Aug 8, 2010 8:30:03 PM EDT] InvestorsLive but not just random HODs

[Aug 8, 2010 8:30:06 PM EDT] InvestorsLive not random red/greens

[Aug 8, 2010 8:30:12 PM EDT] InvestorsLive many times I get PMs

[Aug 8, 2010 8:30:17 PM EDT] InvestorsLive well isn’t XYZ a buy? it went red/green

[Aug 8, 2010 8:30:31 PM EDT] InvestorsLive if it’s just random price action then no

[Aug 8, 2010 8:30:38 PM EDT] InvestorsLive I trade stocks with a trend and volume

[Aug 8, 2010 8:30:44 PM EDT] InvestorsLive trend and volume supports the move

[Aug 8, 2010 8:30:54 PM EDT] InvestorsLive they work with stocks that have been IN PLAY

[Aug 8, 2010 8:30:58 PM EDT] InvestorsLive on any random day next week

[Aug 8, 2010 8:31:00 PM EDT] InvestorsLive if AFFY goes red/green

[Aug 8, 2010 8:31:02 PM EDT] InvestorsLive no one will care

[Aug 8, 2010 8:31:12 PM EDT] InvestorsLive AFFY is IN PLAY and green to red will matter tomorrow

[Aug 8, 2010 8:31:28 PM EDT] pkto is your scan hand-picked from all the dashboard screens? what determines how a stock makes the cut to get posted?

[Aug 8, 2010 8:31:46 PM EDT] InvestorsLive http://www.investorsunderground.com/stock-fetcher-scans/

[Aug 8, 2010 8:31:49 PM EDT] InvestorsLive My scan is posted right there

[Aug 8, 2010 8:31:51 PM EDT] InvestorsLive I chart them all

[Aug 8, 2010 8:31:58 PM EDT] InvestorsLive look for over extensions or prior runners

[Aug 8, 2010 8:32:01 PM EDT] pkto yeah but they dont all make it right?

[Aug 8, 2010 8:32:27 PM EDT] InvestorsLive right

[Aug 8, 2010 8:32:31 PM EDT] InvestorsLive (Aug 08-20:31) InvestorsLive: I chart them all (Aug 08-20:31) InvestorsLive: look for over extensions or prior runners

[Aug 8, 2010 8:32:34 PM EDT] InvestorsLive that’s who makes it

[Aug 8, 2010 8:33:01 PM EDT] InvestorsLive Any further questions on what we’ve gone over so far? If not I’ll hit a few more from the emails

[Aug 8, 2010 8:34:11 PM EDT] pkto no specific question but i hope you can go over some pre-market and a/h strategies

[Aug 8, 2010 8:34:28 PM EDT] pkto i usually miss those because i dont know whats going on

[Aug 8, 2010 8:34:39 PM EDT] InvestorsLive I wouldn’t recco after hours on earnings at all r

[Aug 8, 2010 8:34:44 PM EDT] InvestorsLive riskiest play in the book

[Aug 8, 2010 8:34:53 PM EDT] InvestorsLive but many times extremely rewarding

[Aug 8, 2010 8:35:01 PM EDT] InvestorsLive so I wouldn’t want to teach that – there’s nothing really to teach

[Aug 8, 2010 8:35:12 PM EDT] InvestorsLive much of it is intuition based off what I see

[Aug 8, 2010 8:35:35 PM EDT] InvestorsLive Pre market is just pre market – we watch the moves to become familiar with the ranges

[Aug 8, 2010 8:35:47 PM EDT] InvestorsLive Muddy is dead quiet for first hour… watching pre movers

[Aug 8, 2010 8:35:56 PM EDT] pkto what determines getting in before open like CROX?

[Aug 8, 2010 8:35:59 PM EDT] InvestorsLive I watch and review after hours earning movers after hours

[Aug 8, 2010 8:36:06 PM EDT] InvestorsLive for ex: with CROX

[Aug 8, 2010 8:36:10 PM EDT] InvestorsLive I watched it after hours

[Aug 8, 2010 8:36:20 PM EDT] InvestorsLive was bouncing .60s to .90s

[Aug 8, 2010 8:36:34 PM EDT] InvestorsLive so I shorted mid channel thinking pull at open b/c over all market was in the gutter

[Aug 8, 2010 8:36:38 PM EDT] InvestorsLive the top was 14.15 after hours

[Aug 8, 2010 8:36:51 PM EDT] InvestorsLive many times if they are over their range in pre market

[Aug 8, 2010 8:36:57 PM EDT] InvestorsLive than where they traded for 3-4 hours the prior night

[Aug 8, 2010 8:37:00 PM EDT] InvestorsLive they’ll pull back into range

[Aug 8, 2010 8:37:09 PM EDT] InvestorsLive or if they are below their range they traded after marekt for 3-4 hours

[Aug 8, 2010 8:37:13 PM EDT] InvestorsLive they’ll bump back into range

[Aug 8, 2010 8:37:30 PM EDT] InvestorsLive same with CROX – watched it night before – saw .. knew my risk was 14.15s area

[Aug 8, 2010 8:37:35 PM EDT] InvestorsLive but with the market down HUGE pre

[Aug 8, 2010 8:37:43 PM EDT] InvestorsLive more will be taking it off the table than buying imo

[Aug 8, 2010 8:38:00 PM EDT] InvestorsLive ——————–

[Aug 8, 2010 8:38:06 PM EDT] InvestorsLive QUESTION: You said “[Aug 6, 2010 1:03:34 PM EDT] InvestorsLive CCTC eye on this” . How were you able to eye on this so early? what tools and what technical parameters you have used to identify this?

[Aug 8, 2010 8:38:12 PM EDT] InvestorsLive http://img444.imageshack.us/img444/2455/cctc1.png

[Aug 8, 2010 8:38:18 PM EDT] InvestorsLive Alright first of all

[Aug 8, 2010 8:38:35 PM EDT] InvestorsLive So many new traders .. come in and see a move like that and think we “knew ” it’d run that much…

[Aug 8, 2010 8:38:38 PM EDT] InvestorsLive it’ll happen every time…

[Aug 8, 2010 8:38:42 PM EDT] InvestorsLive what’s the next one

[Aug 8, 2010 8:38:53 PM EDT] InvestorsLive that’s because everyone is so used to getting pumpled but pumper emails

[Aug 8, 2010 8:38:56 PM EDT] InvestorsLive and message boards

[Aug 8, 2010 8:39:02 PM EDT] InvestorsLive and you actually think that it’s that easy

[Aug 8, 2010 8:39:19 PM EDT] InvestorsLive it isn’t.. who knows it was gonna do that

[Aug 8, 2010 8:39:28 PM EDT] InvestorsLive I took that image at .055

[Aug 8, 2010 8:39:35 PM EDT] InvestorsLive when I had alerted and told chat VERY BEAT

[Aug 8, 2010 8:39:38 PM EDT] InvestorsLive chart was primed for run etc

[Aug 8, 2010 8:40:03 PM EDT] InvestorsLive the reason I was interested is b/c the volume was around 3m at that point (I took this chart 15 min delayed so the 1 mil shares that had traded don’t reflect in that snap shot)

[Aug 8, 2010 8:40:42 PM EDT] InvestorsLive http://img245.imageshack.us/img245/4343/cctc2.png

[Aug 8, 2010 8:40:43 PM EDT] InvestorsLive scroll back

[Aug 8, 2010 8:40:49 PM EDT] InvestorsLive we ALL KNOW THIS ONE

[Aug 8, 2010 8:40:55 PM EDT] InvestorsLive any of the longer term members

[Aug 8, 2010 8:41:01 PM EDT] InvestorsLive it went .04 to .40

[Aug 8, 2010 8:41:03 PM EDT] InvestorsLive in 2 days

[Aug 8, 2010 8:41:10 PM EDT] InvestorsLive so everyone who is a sheep says.. oh man

[Aug 8, 2010 8:41:11 PM EDT] InvestorsLive it’s going to do it again

[Aug 8, 2010 8:41:15 PM EDT] InvestorsLive and thus makes it a former runner

[Aug 8, 2010 8:41:18 PM EDT] InvestorsLive and one that people remember

[Aug 8, 2010 8:41:34 PM EDT] InvestorsLive so – the TOOLS?

[Aug 8, 2010 8:41:40 PM EDT] InvestorsLive the tools are my equityfeed scanner

[Aug 8, 2010 8:41:52 PM EDT] InvestorsLive http://www.investorsunderground.com/2010/02/28/equityfeed-q-stocks-pull-backs-bounces-seminar/

[Aug 8, 2010 8:42:07 PM EDT] InvestorsLive towards the bottom of the seminar I discuss if u have equityfeed you can follow along

[Aug 8, 2010 8:42:10 PM EDT] InvestorsLive if you don’t … you can’t

[Aug 8, 2010 8:42:27 PM EDT] InvestorsLive and remember if you sign up with the link in the back end… I got them to rebate 10% off the price

[Aug 8, 2010 8:42:40 PM EDT] InvestorsLive not a sales pitch.. just if u want the tools

[Aug 8, 2010 8:42:51 PM EDT] InvestorsLive http://www.investorsunderground.com/stock-fetcher-scans/

[Aug 8, 2010 8:42:52 PM EDT] InvestorsLive right under my scan

[Aug 8, 2010 8:42:58 PM EDT] jakeo got it

[Aug 8, 2010 8:43:04 PM EDT] jakeo nice tools to have

[Aug 8, 2010 8:43:14 PM EDT] InvestorsLive questions on CCTC?

[Aug 8, 2010 8:43:28 PM EDT] jakeo can we discuss CCTC into tomorrow

[Aug 8, 2010 8:43:36 PM EDT] InvestorsLive huh

[Aug 8, 2010 8:43:42 PM EDT] jakeo if we missed Fridays buildup do we stay away from buying it tomorrow?

[Aug 8, 2010 8:43:47 PM EDT] stockmike Right, did you see spiked volume on 1-minute chart on this ?

[Aug 8, 2010 8:44:07 PM EDT] InvestorsLive yes that’s why I bought

[Aug 8, 2010 8:44:12 PM EDT] InvestorsLive it hit scan earlier and had it on radar

[Aug 8, 2010 8:44:15 PM EDT] InvestorsLive since the chart was so beat

[Aug 8, 2010 8:44:25 PM EDT] InvestorsLive then saw it holding gains

[Aug 8, 2010 8:44:37 PM EDT] InvestorsLive normally pumpers just go up .. go back to where they came from.. this one kept getting offers lifted and dips held

[Aug 8, 2010 8:44:46 PM EDT] stockmike I use Trade-ideas(TA), can we configure SF setup on TA?

[Aug 8, 2010 8:44:49 PM EDT] InvestorsLive jakeo- comments re: CCTC are on scan

[Aug 8, 2010 8:45:03 PM EDT] jakeo oh ok thank you

[Aug 8, 2010 8:45:04 PM EDT] InvestorsLive I don’t know Mike, you’ll have to ask TA if that are compatible

[Aug 8, 2010 8:45:24 PM EDT] InvestorsLive Any further questions on what we’ve discussed so far or CCTC?

[Aug 8, 2010 8:45:39 PM EDT] stockmike Thx Nate for your inputs

[Aug 8, 2010 8:46:01 PM EDT] InvestorsLive QUESTION: when traders say “hold a level” such as r/g or a whole number is there anything to use to confirm that its held, 10 minutes? 30 minutes? 2 bounces? 3 bounces? bounces and then a break of recent highs? u/o/u?

[Aug 8, 2010 8:46:22 PM EDT] InvestorsLive The best example is SPRD … CCTC these charts that we’ve gone over

[Aug 8, 2010 8:46:22 PM EDT] InvestorsLive also

[Aug 8, 2010 8:46:25 PM EDT] InvestorsLive APKT is a recent example

[Aug 8, 2010 8:46:28 PM EDT] InvestorsLive http://img833.imageshack.us/img833/4786/apkt1.png

[Aug 8, 2010 8:46:37 PM EDT] InvestorsLive so I’m short biased.. short it on Friday

[Aug 8, 2010 8:46:43 PM EDT] InvestorsLive then it was holding the .50s

[Aug 8, 2010 8:46:49 PM EDT] InvestorsLive 30.50s … and I mentioned it

[Aug 8, 2010 8:47:01 PM EDT] InvestorsLive I said if it breaks this it’ll prob drop quick but may act as magnet

[Aug 8, 2010 8:47:11 PM EDT] InvestorsLive well it did just that

[Aug 8, 2010 8:47:18 PM EDT] InvestorsLive so I covered 1/2 when I mentioned

[Aug 8, 2010 8:47:37 PM EDT] InvestorsLive then I warned those still short later once it busted back towards green and broke prior high.. I think it was 30.80s

[Aug 8, 2010 8:47:45 PM EDT] InvestorsLive I mentioned I was down 5 cents on the 1/2 I had left

[Aug 8, 2010 8:47:55 PM EDT] InvestorsLive I said to be careful because if it breaks $31 – its going to squeeze

[Aug 8, 2010 8:48:01 PM EDT] InvestorsLive so this is an example

[Aug 8, 2010 8:48:06 PM EDT] InvestorsLive over/under/over/under green

[Aug 8, 2010 8:48:09 PM EDT] InvestorsLive held..

[Aug 8, 2010 8:48:12 PM EDT] InvestorsLive re-tested green

[Aug 8, 2010 8:48:14 PM EDT] InvestorsLive re-tested red

[Aug 8, 2010 8:48:16 PM EDT] InvestorsLive higher lows

[Aug 8, 2010 8:48:31 PM EDT] InvestorsLive so now if it breaks from here towards HODs – risk vs reward = long side

[Aug 8, 2010 8:48:37 PM EDT] InvestorsLive stop if it doesn’t hold green

[Aug 8, 2010 8:48:43 PM EDT] InvestorsLive and bam straight up from there

[Aug 8, 2010 8:48:53 PM EDT] InvestorsLive You can see the volume spike on $31s too

[Aug 8, 2010 8:49:07 PM EDT] InvestorsLive Questions APKT or further questions related to the person who asked that question?

[Aug 8, 2010 8:49:18 PM EDT] InvestorsLive Again these “hold levels”

[Aug 8, 2010 8:49:21 PM EDT] InvestorsLive “red/green”

[Aug 8, 2010 8:49:24 PM EDT] InvestorsLive “over unders”

[Aug 8, 2010 8:49:28 PM EDT] InvestorsLive are all related to STOCKS IN PLAY

[Aug 8, 2010 8:49:30 PM EDT] BearNine so you like o/u/o to confirm a hold?

[Aug 8, 2010 8:49:35 PM EDT] InvestorsLive based around a move

[Aug 8, 2010 8:49:46 PM EDT] InvestorsLive not just random “oh the stock went green so I buy now” etc

[Aug 8, 2010 8:49:58 PM EDT] InvestorsLive well I was short APKT so the fact htat it held BearNine

[Aug 8, 2010 8:50:06 PM EDT] InvestorsLive a few times.. was a good sign well its not going lower.. if it does break back under

[Aug 8, 2010 8:50:10 PM EDT] InvestorsLive and holds red I can always re short

[Aug 8, 2010 8:50:17 PM EDT] BearNine you know sometimes it will bounce off a level then break it

[Aug 8, 2010 8:50:25 PM EDT] InvestorsLive right

[Aug 8, 2010 8:50:32 PM EDT] BearNine so give it some time

[Aug 8, 2010 8:50:34 PM EDT] InvestorsLive usually I let it test unless higher volume

[Aug 8, 2010 8:50:36 PM EDT] BearNine like 30 minutes an hour

[Aug 8, 2010 8:50:36 PM EDT] InvestorsLive like AFFY

[Aug 8, 2010 8:50:44 PM EDT] InvestorsLive had higher volume – u can scalp that move on red to green

[Aug 8, 2010 8:50:53 PM EDT] InvestorsLive or green to red

[Aug 8, 2010 8:51:08 PM EDT] InvestorsLive well AFFY not a good example for green to red

[Aug 8, 2010 8:51:12 PM EDT] InvestorsLive because it dropped 40 cents

[Aug 8, 2010 8:51:16 PM EDT] InvestorsLive ur crazy if you chase that short

[Aug 8, 2010 8:51:23 PM EDT] BearNine basically AFFY had enough volume to just blast through r/g ?

[Aug 8, 2010 8:51:31 PM EDT] BearNine instead of doing a o.u.o

[Aug 8, 2010 8:51:38 PM EDT] InvestorsLive and hte range wasn’t as wide

[Aug 8, 2010 8:51:48 PM EDT] InvestorsLive it gapped down.. held lows

[Aug 8, 2010 8:51:50 PM EDT] InvestorsLive higher lows

[Aug 8, 2010 8:51:53 PM EDT] InvestorsLive set up just sub $8

[Aug 8, 2010 8:51:56 PM EDT] InvestorsLive then boom volume and pop

[Aug 8, 2010 8:53:01 PM EDT] InvestorsLive Any questions related to that question?

[Aug 8, 2010 8:53:21 PM EDT] InvestorsLive —————————

[Aug 8, 2010 8:53:22 PM EDT] InvestorsLive QUESTION: Why is short off highs so important rather then shorting near highs?

[Aug 8, 2010 8:53:48 PM EDT] InvestorsLive The only time I short into HODs

[Aug 8, 2010 8:53:51 PM EDT] InvestorsLive is on a big pop

[Aug 8, 2010 8:53:57 PM EDT] InvestorsLive like back a month ago or 2 with IDT

[Aug 8, 2010 8:54:08 PM EDT] InvestorsLive was huge move day before … then ramped huge at open

[Aug 8, 2010 8:54:16 PM EDT] InvestorsLive risk vs. reward .. there’s gonna be profit taking

[Aug 8, 2010 8:54:18 PM EDT] InvestorsLive just what it is

[Aug 8, 2010 8:54:30 PM EDT] InvestorsLive but a slow/steady grind slowly moving up .. starting to speed up .. no thanks

[Aug 8, 2010 8:54:36 PM EDT] InvestorsLive I like to let the stock tell me when it’s topped

[Aug 8, 2010 8:54:43 PM EDT] InvestorsLive worst case it’s NOT topped and I have a stop to take

[Aug 8, 2010 8:54:50 PM EDT] InvestorsLive I know that if it breaks HOD either it’ll test and break….

[Aug 8, 2010 8:54:52 PM EDT] InvestorsLive or it’ll hold

[Aug 8, 2010 8:54:56 PM EDT] InvestorsLive and I have a place to take my loss

[Aug 8, 2010 8:55:01 PM EDT] InvestorsLive because in the end

[Aug 8, 2010 8:55:07 PM EDT] InvestorsLive it’s about taking small losses

[Aug 8, 2010 8:55:15 PM EDT] InvestorsLive and locking in ur gains

[Aug 8, 2010 8:55:29 PM EDT] InvestorsLive only traders that blow up are those that refuse to take their losses

[Aug 8, 2010 8:56:14 PM EDT] InvestorsLive any questions on that one?

[Aug 8, 2010 8:56:25 PM EDT] stockmike short off highs

[Aug 8, 2010 8:56:37 PM EDT] BearNine do you average into big pops

[Aug 8, 2010 8:56:45 PM EDT] stockmike any specific number of red candles after the HOD?

[Aug 8, 2010 8:56:54 PM EDT] stockmike or we need to look at the volume ?

[Aug 8, 2010 8:57:15 PM EDT] InvestorsLive no I don’t count stockmike – just watch it form the 1 min chartt

[Aug 8, 2010 8:57:16 PM EDT] InvestorsLive chart

[Aug 8, 2010 8:57:16 PM EDT] stockmike I guess u use 1 min charts

[Aug 8, 2010 8:57:23 PM EDT] InvestorsLive depends BearNine

[Aug 8, 2010 8:57:29 PM EDT] BearNine look at ARNA

[Aug 8, 2010 8:57:30 PM EDT] InvestorsLive but not normally

[Aug 8, 2010 8:57:32 PM EDT] BearNine from friday

[Aug 8, 2010 8:57:32 PM EDT] InvestorsLive if I short into a pop

[Aug 8, 2010 8:57:34 PM EDT] InvestorsLive it’s a trade

[Aug 8, 2010 8:57:46 PM EDT] InvestorsLive its a scalp

[Aug 8, 2010 8:58:01 PM EDT] InvestorsLive then again all my trades are normally scalps within the hour but no

[Aug 8, 2010 8:58:04 PM EDT] InvestorsLive when I short into pops like that

[Aug 8, 2010 8:58:16 PM EDT] InvestorsLive I’m just taking advantage of an inefficiency of some sort

[Aug 8, 2010 8:58:18 PM EDT] BearNine but even if you don’t get the top

[Aug 8, 2010 8:58:20 PM EDT] BearNine its okay

[Aug 8, 2010 8:58:32 PM EDT] BearNine because its parabolic… ?

[Aug 8, 2010 8:58:38 PM EDT] InvestorsLive correcto

[Aug 8, 2010 8:58:41 PM EDT] InvestorsLive parabolic

[Aug 8, 2010 8:58:45 PM EDT] BearNine kk perfect

[Aug 8, 2010 8:58:56 PM EDT] InvestorsLive because… like ATPG

[Aug 8, 2010 8:58:58 PM EDT] InvestorsLive for example

[Aug 8, 2010 8:59:19 PM EDT] InvestorsLive lemme get an image

[Aug 8, 2010 9:00:30 PM EDT] InvestorsLive http://img413.imageshack.us/img413/5707/atpg.png

[Aug 8, 2010 9:00:44 PM EDT] InvestorsLive alright so

[Aug 8, 2010 9:00:50 PM EDT] stockmike Do we need to see the decreasing volume off the HOD?

[Aug 8, 2010 9:00:55 PM EDT] InvestorsLive no .. who knew earnings would suck.. and get that $2 dollar gap down BearNine

[Aug 8, 2010 9:00:59 PM EDT] InvestorsLive not saying that move

[Aug 8, 2010 9:01:01 PM EDT] InvestorsLive but

[Aug 8, 2010 9:01:09 PM EDT] InvestorsLive That’s Wednesday Thursday and Friday

[Aug 8, 2010 9:01:12 PM EDT] InvestorsLive the big move there

[Aug 8, 2010 9:01:24 PM EDT] InvestorsLive stock was up from $11… then $2 dollars on Wednesday

[Aug 8, 2010 9:01:35 PM EDT] InvestorsLive Then almost 50% of Wednesday move…

[Aug 8, 2010 9:01:41 PM EDT] InvestorsLive was the gap on Thursday

[Aug 8, 2010 9:01:54 PM EDT] InvestorsLive ie: 1.90 I think it was up Weds… and .70 + at some points up pre market

[Aug 8, 2010 9:02:07 PM EDT] InvestorsLive so my risk vs. reward

[Aug 8, 2010 9:02:22 PM EDT] InvestorsLive that’s a 40% move on the stock s

[Aug 8, 2010 9:02:26 PM EDT] InvestorsLive so the gap up and rush

[Aug 8, 2010 9:02:32 PM EDT] InvestorsLive was a short to me into any pops

[Aug 8, 2010 9:02:35 PM EDT] InvestorsLive and during that day

[Aug 8, 2010 9:02:44 PM EDT] InvestorsLive any fades … if it had a formed a channel

[Aug 8, 2010 9:02:51 PM EDT] InvestorsLive if it cracked any support thru the day

[Aug 8, 2010 9:03:06 PM EDT] InvestorsLive short biased

[Aug 8, 2010 9:03:20 PM EDT] InvestorsLive (Aug 08-21:00) stockmike: Do we need to see the decreasing volume off the HOD?

[Aug 8, 2010 9:03:31 PM EDT] InvestorsLive I don’t watch it so much – most volume is around whole #s or chart breaks

[Aug 8, 2010 9:03:36 PM EDT] InvestorsLive I just let it trade out

[Aug 8, 2010 9:03:39 PM EDT] InvestorsLive and watch for the fades

[Aug 8, 2010 9:04:15 PM EDT] InvestorsLive any further questions guys?

[Aug 8, 2010 9:04:21 PM EDT] InvestorsLive related to those

[Aug 8, 2010 9:04:24 PM EDT] pkto when you short into a big pop, when are you weary of a HAUP type event? is that just a low prob outcome you gotta live with?

[Aug 8, 2010 9:04:50 PM EDT] InvestorsLive HAUP type in the AM

[Aug 8, 2010 9:04:52 PM EDT] stockmike I saw 1-min chart is so randam/zigzag, 5-min chart shows the trend well, what do you see

[Aug 8, 2010 9:04:53 PM EDT] InvestorsLive prob always pulls back

[Aug 8, 2010 9:05:13 PM EDT] InvestorsLive I’m not taking about EOD moves pkto if that’s waht ur referring to

[Aug 8, 2010 9:05:16 PM EDT] InvestorsLive HAUP didn’t have that kind of move

[Aug 8, 2010 9:05:21 PM EDT] InvestorsLive that I just spoke about

[Aug 8, 2010 9:05:23 PM EDT] InvestorsLive that I recall anyway

[Aug 8, 2010 9:05:30 PM EDT] BearNine i think he means when it first supernovaed

[Aug 8, 2010 9:05:45 PM EDT] InvestorsLive yea – that was tradable toh

[Aug 8, 2010 9:05:46 PM EDT] InvestorsLive tho

[Aug 8, 2010 9:05:52 PM EDT] InvestorsLive u coulda short those pops

[Aug 8, 2010 9:05:54 PM EDT] InvestorsLive it pulled back all day

[Aug 8, 2010 9:06:00 PM EDT] InvestorsLive but kept grinding higher slowly and steady

[Aug 8, 2010 9:06:07 PM EDT] InvestorsLive that’s why it went so much because every dip was bought out

[Aug 8, 2010 9:06:17 PM EDT] InvestorsLive so doesn’t really resemble the same set up I’m talking about

[Aug 8, 2010 9:07:04 PM EDT] pkto there were just a lot of 200%/300% gainers back in March/April that kind of scared me from shorting into the highs

[Aug 8, 2010 9:07:17 PM EDT] BearNine like IFLG

[Aug 8, 2010 9:07:19 PM EDT] pkto some right from teh morning that never pulled back

[Aug 8, 2010 9:07:22 PM EDT] pkto ABIO too

[Aug 8, 2010 9:07:29 PM EDT] InvestorsLive pkto – we’re not talking about shorting into highs and holding it

[Aug 8, 2010 9:07:34 PM EDT] InvestorsLive I think you are confused

[Aug 8, 2010 9:07:42 PM EDT] InvestorsLive we’re talking about shorting parabolic moves

[Aug 8, 2010 9:07:51 PM EDT] abbey39 what strategy do you use to trade earnings

[Aug 8, 2010 9:07:53 PM EDT] InvestorsLive price inefficiencies

[Aug 8, 2010 9:07:58 PM EDT] InvestorsLive parabolic moves

[Aug 8, 2010 9:08:05 PM EDT] InvestorsLive ABIO was a great example worked out well

[Aug 8, 2010 9:08:07 PM EDT] Laura right, I short into weakness for swing shorts

[Aug 8, 2010 9:08:13 PM EDT] InvestorsLive but ABIO has nothing to do with parabolic

[Aug 8, 2010 9:08:16 PM EDT] InvestorsLive was another slow grinder

[Aug 8, 2010 9:08:18 PM EDT] InvestorsLive like HAUP

[Aug 8, 2010 9:08:21 PM EDT] InvestorsLive that kept making nHODs

[Aug 8, 2010 9:08:23 PM EDT] Laura I want them going down with less interest

[Aug 8, 2010 9:08:34 PM EDT] InvestorsLive totally unrelated – u gotta realize the difference

[Aug 8, 2010 9:08:38 PM EDT] InvestorsLive we’re talking about a parabolic move

[Aug 8, 2010 9:08:41 PM EDT] InvestorsLive vs. slow grind

[Aug 8, 2010 9:08:45 PM EDT] BearNine there only parabolic on the daily?

[Aug 8, 2010 9:08:45 PM EDT] pkto i guess its easy to confuse relative speed with absolute speed

[Aug 8, 2010 9:08:45 PM EDT] Laura right

[Aug 8, 2010 9:09:05 PM EDT] pkto something thats faster than 99.9% of all stocks still only a good short when its faster than its prior moves

[Aug 8, 2010 9:09:09 PM EDT] InvestorsLive not really – parabolic 1 min

[Aug 8, 2010 9:09:19 PM EDT] InvestorsLive stock moves .30-50 usually

[Aug 8, 2010 9:09:23 PM EDT] InvestorsLive and moves $1 in a min

[Aug 8, 2010 9:09:29 PM EDT] InvestorsLive or up $2 dollars day before

[Aug 8, 2010 9:09:34 PM EDT] InvestorsLive and rips .70-80 cents outta open

[Aug 8, 2010 9:09:38 PM EDT] InvestorsLive the other thing here

[Aug 8, 2010 9:09:43 PM EDT] InvestorsLive is the key on NO VOLUME

[Aug 8, 2010 9:09:51 PM EDT] InvestorsLive parabolic is price action on little volume

[Aug 8, 2010 9:10:19 PM EDT] InvestorsLive like MNTA when it opened up after FDA approval

[Aug 8, 2010 9:10:26 PM EDT] InvestorsLive or MDCO

[Aug 8, 2010 9:10:42 PM EDT] InvestorsLive wella ctually those are different type moves – parabolic but high volume and news driven

[Aug 8, 2010 9:10:48 PM EDT] InvestorsLive those I like to watch watch watch watch

[Aug 8, 2010 9:10:53 PM EDT] InvestorsLive and then hit once they look to pull back

[Aug 8, 2010 9:11:04 PM EDT] InvestorsLive parabolic move type stuff that we discussed a few min ago

[Aug 8, 2010 9:11:07 PM EDT] InvestorsLive related to chart drive

[Aug 8, 2010 9:11:09 PM EDT] InvestorsLive technically drive

[Aug 8, 2010 9:11:20 PM EDT] InvestorsLive chart driven*

[Aug 8, 2010 9:11:29 PM EDT] InvestorsLive (Aug 08-21:07) abbey39: what strategy do you use to trade earnings

[Aug 8, 2010 9:11:33 PM EDT] InvestorsLive we don’t trade earnings for earnings

[Aug 8, 2010 9:11:42 PM EDT] InvestorsLive we trade them the same way we trade the rest

[Aug 8, 2010 9:11:49 PM EDT] InvestorsLive we trade price action in this chat

[Aug 8, 2010 9:11:50 PM EDT] InvestorsLive momentum

[Aug 8, 2010 9:12:05 PM EDT] abbey39 got u

[Aug 8, 2010 9:12:07 PM EDT] InvestorsLive BearNine … great example IFLG

[Aug 8, 2010 9:12:10 PM EDT] InvestorsLive parabolic type

[Aug 8, 2010 9:12:14 PM EDT] InvestorsLive so if it’s trading

[Aug 8, 2010 9:12:19 PM EDT] InvestorsLive biggest trader stock

[Aug 8, 2010 9:12:26 PM EDT] InvestorsLive moves like $5.50 to $6.75 on a squeeze

[Aug 8, 2010 9:12:28 PM EDT] InvestorsLive lower volume

[Aug 8, 2010 9:12:32 PM EDT] InvestorsLive when it was just in a range ALL day

[Aug 8, 2010 9:12:41 PM EDT] InvestorsLive its traded 3-4 million all day

[Aug 8, 2010 9:12:50 PM EDT] InvestorsLive then next AM

[Aug 8, 2010 9:13:02 PM EDT] InvestorsLive opens up .50 cents higher… and runs to $1+ spike on REAL low volume

[Aug 8, 2010 9:13:12 PM EDT] InvestorsLive that’s the point I’m trying to get across

[Aug 8, 2010 9:13:17 PM EDT] InvestorsLive see the difference pkto?

[Aug 8, 2010 9:13:29 PM EDT] jakeo got it

[Aug 8, 2010 9:13:35 PM EDT] pkto yeah

[Aug 8, 2010 9:13:44 PM EDT] InvestorsLive ABIO HAUP…

[Aug 8, 2010 9:13:48 PM EDT] InvestorsLive they gapped open… and just steady

[Aug 8, 2010 9:13:50 PM EDT] InvestorsLive slow grind

[Aug 8, 2010 9:13:56 PM EDT] InvestorsLive held the lows… then higher lows

[Aug 8, 2010 9:14:13 PM EDT] InvestorsLive no price inefficiency

[Aug 8, 2010 9:14:57 PM EDT] InvestorsLive Anything more guys? How about some that haven’t asked yet

[Aug 8, 2010 9:15:03 PM EDT] BearNine what is your favorite trading setup IL ?

[Aug 8, 2010 9:15:06 PM EDT] stockmike MDCO example, you shorted around 15 it dropped to 14, then it broke the previous high. If you have not covered , it could have moved higher and it could have been loser. so how do we pick “off the HODs”

[Aug 8, 2010 9:15:06 PM EDT] abulloch wow – that IFLG : quite a habitual pattern of popping, then drop/fading, then repeat….

[Aug 8, 2010 9:15:13 PM EDT] InvestorsLive (Aug 08-21:15) BearNine: what is your favorite trading setup IL ?

[Aug 8, 2010 9:15:15 PM EDT] InvestorsLive BOUNCES

[Aug 8, 2010 9:15:18 PM EDT] InvestorsLive obviously 😉

[Aug 8, 2010 9:15:22 PM EDT] BearNine heh

[Aug 8, 2010 9:15:40 PM EDT] InvestorsLive but those days are over until OTCs heat up again.. u can make ur month or 3 months in one afternoon

[Aug 8, 2010 9:15:45 PM EDT] InvestorsLive on a WAMUQ SPNG BEHL type tank

[Aug 8, 2010 9:15:58 PM EDT] InvestorsLive but other than that.. you know me I’m super short biased

[Aug 8, 2010 9:16:06 PM EDT] InvestorsLive so big charts…

[Aug 8, 2010 9:16:07 PM EDT] InvestorsLive IDT

[Aug 8, 2010 9:16:08 PM EDT] InvestorsLive ATPG

[Aug 8, 2010 9:16:15 PM EDT] InvestorsLive AFFY

[Aug 8, 2010 9:16:20 PM EDT] InvestorsLive AHD (last week)

[Aug 8, 2010 9:16:30 PM EDT] InvestorsLive big moves… and their first cracks – real cracks

[Aug 8, 2010 9:16:44 PM EDT] InvestorsLive after they are over extended – and finally you see some downside volume – my favorite set ups

[Aug 8, 2010 9:16:52 PM EDT] InvestorsLive because I usually play bigger and make quick bucks

[Aug 8, 2010 9:17:00 PM EDT] InvestorsLive (Aug 08-21:15) stockmike: MDCO example, you shorted around 15 it dropped to 14, then it broke the previous high. If you have not covered , it could have moved higher and it could have been loser. so how do we pick “off the HODs”

[Aug 8, 2010 9:17:03 PM EDT] abulloch IFLG : worth watching to see if it’s gearing and heading towards another quick pop?

[Aug 8, 2010 9:17:12 PM EDT] InvestorsLive MDCO never went higher

[Aug 8, 2010 9:17:14 PM EDT] InvestorsLive than where I shorted

[Aug 8, 2010 9:17:24 PM EDT] InvestorsLive I didn’t short the first $15 test

[Aug 8, 2010 9:17:27 PM EDT] InvestorsLive I shorted the 2nd

[Aug 8, 2010 9:17:53 PM EDT] InvestorsLive and I wouldn’t suggest trading those / or earnings plays / or pre market tanks / or after hours earning plays

[Aug 8, 2010 9:18:03 PM EDT] InvestorsLive I won’t teach those because there’s nothing to teach

[Aug 8, 2010 9:18:10 PM EDT] InvestorsLive again intuition

[Aug 8, 2010 9:18:15 PM EDT] stockmike what made you to short “off 15.43”

[Aug 8, 2010 9:18:15 PM EDT] InvestorsLive you either trade it or you don’t

[Aug 8, 2010 9:18:21 PM EDT] InvestorsLive but people ask me to post what I am doing on them so I do

[Aug 8, 2010 9:18:26 PM EDT] InvestorsLive I shorted $15 even

[Aug 8, 2010 9:18:30 PM EDT] InvestorsLive not off 15.43

[Aug 8, 2010 9:18:40 PM EDT] InvestorsLive I let it trade out.. then saw offers getting crowded .. volume etc

[Aug 8, 2010 9:18:42 PM EDT] InvestorsLive intuition

[Aug 8, 2010 9:18:43 PM EDT] InvestorsLive intuition

[Aug 8, 2010 9:18:43 PM EDT] InvestorsLive intuition

[Aug 8, 2010 9:18:58 PM EDT] InvestorsLive (Aug 08-21:17) abulloch: IFLG : worth watching to see if it’s gearing and heading towards another quick pop?

[Aug 8, 2010 9:19:01 PM EDT] stockmike where was ur stop?

[Aug 8, 2010 9:19:02 PM EDT] InvestorsLive always is a popper

[Aug 8, 2010 9:19:03 PM EDT] InvestorsLive past 3 days

[Aug 8, 2010 9:19:17 PM EDT] InvestorsLive but .. lower volume

[Aug 8, 2010 9:19:24 PM EDT] InvestorsLive only way I’d play this one is $6 break with good volume

[Aug 8, 2010 9:19:31 PM EDT] InvestorsLive or let it break $6 and then pull back and hold

[Aug 8, 2010 9:19:36 PM EDT] InvestorsLive but it has been slowly sneaking up

[Aug 8, 2010 9:19:46 PM EDT] InvestorsLive there’s always a lot of shorts in it

[Aug 8, 2010 9:19:49 PM EDT] InvestorsLive so always pops

[Aug 8, 2010 9:19:55 PM EDT] InvestorsLive (Aug 08-21:19) stockmike: where was ur stop?

[Aug 8, 2010 9:19:56 PM EDT] InvestorsLive no stop

[Aug 8, 2010 9:20:02 PM EDT] InvestorsLive Any further questions guys?

[Aug 8, 2010 9:20:04 PM EDT] stockmike mental?

[Aug 8, 2010 9:20:04 PM EDT] abulloch How did we iknow you’d say ‘$6’…. lol

[Aug 8, 2010 9:20:19 PM EDT] InvestorsLive cuz it’s hit it 3 x now almost

[Aug 8, 2010 9:20:20 PM EDT] InvestorsLive and no break

[Aug 8, 2010 9:20:27 PM EDT] InvestorsLive and you know many traders prob waiting for that break

[Aug 8, 2010 9:20:37 PM EDT] InvestorsLive that stock has so many false breakouts

[Aug 8, 2010 9:21:15 PM EDT] stockmike On MDCO, you covered so fast why ?

[Aug 8, 2010 9:21:18 PM EDT] InvestorsLive stockmike – take the amt of shares you have and the $ you’re willing to lose per trade or risk you want to take and multiple it out … if u want to risk $500 bucks and you have 500 shares .. ur risk is $1.00

[Aug 8, 2010 9:21:44 PM EDT] InvestorsLive I was trading the inefficency

[Aug 8, 2010 9:21:50 PM EDT] InvestorsLive I made $800 bucks in 18 seconds

[Aug 8, 2010 9:21:52 PM EDT] InvestorsLive why would I hold it?

[Aug 8, 2010 9:22:13 PM EDT] stockmike scaling out may help right ?

[Aug 8, 2010 9:22:24 PM EDT] InvestorsLive (Aug 08-21:21) InvestorsLive: I made $800 bucks in 18 seconds

[Aug 8, 2010 9:22:28 PM EDT] InvestorsLive u greedy?

[Aug 8, 2010 9:22:43 PM EDT] InvestorsLive what day job can u make $800 in 18 seconds?

[Aug 8, 2010 9:22:55 PM EDT] jakeo shoveling snow lol

[Aug 8, 2010 9:23:03 PM EDT] InvestorsLive 18 seconds?

[Aug 8, 2010 9:23:07 PM EDT] jakeo kidding

[Aug 8, 2010 9:23:10 PM EDT] stockmike right

[Aug 8, 2010 9:23:10 PM EDT] BearNine maybe in the hamptons

[Aug 8, 2010 9:23:11 PM EDT] InvestorsLive lol

[Aug 8, 2010 9:23:18 PM EDT] InvestorsLive corner?

[Aug 8, 2010 9:23:19 PM EDT] danstca2000 in a brothel?

[Aug 8, 2010 9:23:22 PM EDT] InvestorsLive LOL

[Aug 8, 2010 9:23:34 PM EDT] InvestorsLive well that’s it for questions that I received via emails

[Aug 8, 2010 9:23:54 PM EDT] InvestorsLive any further questions? any whom didn’t have a chance to ask questions?

[Aug 8, 2010 9:24:09 PM EDT] BearNine IL when are you going to announce the stock picking contest? we have been waiting for 6 months

[Aug 8, 2010 9:24:23 PM EDT] LetsGo IL: I came in late, when can you post the Broad Street discussion?

[Aug 8, 2010 9:24:36 PM EDT] InvestorsLive in about 5 min once we are done

[Aug 8, 2010 9:24:41 PM EDT] InvestorsLive AMNG is on watch for tomorrow

[Aug 8, 2010 9:24:45 PM EDT] LetsGo Thanks.

[Aug 8, 2010 9:24:45 PM EDT] InvestorsLive ADSY peeps are pumping it

[Aug 8, 2010 9:24:51 PM EDT] Laura yeah, got that pump

[Aug 8, 2010 9:24:56 PM EDT] jakeo IL does DEPO look like something we should be interested in short biased?

[Aug 8, 2010 9:25:02 PM EDT] InvestorsLive some front loaders

[Aug 8, 2010 9:25:04 PM EDT] InvestorsLive into close on Friday

[Aug 8, 2010 9:25:07 PM EDT] InvestorsLive u can see on AMNG

[Aug 8, 2010 9:25:20 PM EDT] InvestorsLive DEPO I had suggested a long in chat Friday

[Aug 8, 2010 9:25:22 PM EDT] InvestorsLive positive earnings

[Aug 8, 2010 9:25:24 PM EDT] InvestorsLive fueling the move

[Aug 8, 2010 9:25:27 PM EDT] InvestorsLive I wouldn’t short it

[Aug 8, 2010 9:25:31 PM EDT] InvestorsLive prob pulls back small

[Aug 8, 2010 9:25:34 PM EDT] InvestorsLive and keeps consolidating higher

[Aug 8, 2010 9:25:37 PM EDT] InvestorsLive not enough of a move

[Aug 8, 2010 9:25:44 PM EDT] InvestorsLive 3.25-3.30 support now

[Aug 8, 2010 9:25:56 PM EDT] InvestorsLive actually 3.50

[Aug 8, 2010 9:25:57 PM EDT] InvestorsLive support

[Aug 8, 2010 9:25:59 PM EDT] jakeo ok ty – missed out on action on Friday!

[Aug 8, 2010 9:26:00 PM EDT] InvestorsLive held Friday

[Aug 8, 2010 9:26:47 PM EDT] abulloch advice on AMNG ? Traded Friday between .032 and .0378, ending at .033

[Aug 8, 2010 9:27:23 PM EDT] InvestorsLive my advice is to watch tomorrow

[Aug 8, 2010 9:27:25 PM EDT] stockmike Could you share your favorite chart patterns URLs?

[Aug 8, 2010 9:27:29 PM EDT] InvestorsLive watch pull backs

[Aug 8, 2010 9:27:30 PM EDT] InvestorsLive etc

[Aug 8, 2010 9:27:39 PM EDT] InvestorsLive yes stockmike I go over them every seminar

[Aug 8, 2010 9:27:44 PM EDT] InvestorsLive http://www.investorsunderground.com/seminars/

[Aug 8, 2010 9:28:00 PM EDT] InvestorsLive search for tinypic and imageshack

[Aug 8, 2010 9:28:01 PM EDT] InvestorsLive you’ll find them

[Aug 8, 2010 9:28:03 PM EDT] InvestorsLive Ctrl + F

[Aug 8, 2010 9:28:03 PM EDT] stockmike Thx, I am going thru

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