Shine Chat 12-15-11

 

Name Time Chat
clong 8:04  gm
Bob S 8:14  gm
FLASh 8:18  Good Morning
FLASh 8:24  FUJIFILM to Acquire SonoSite (SONO) in $54/Share Deal Street Insider – Dec 15 06:25 EDTAlert hits:/soCompany Symbols: NASDAQ-NMS:SONO, ACORN:A.3796780758, ACORN:A.1730552597, ACORN:A.1070773562, ACORN:A.681251500 FUJIFILM Holdings Corporation has entered into a definitive agreement with SonoSite, Inc. (Nasdaq: SONO) pursuant to which Fujifilm will acquire SonoSite for approximately $995 million (which includes amounts payable in connection with its convertible debt).Fujifilm, through a U.S. subsidiary, will make an all-cash tender offer to purchase all outstanding shares of SonoSite common stock for $54 per share in cash.The transaction is conditioned on the tender of a majority of the outstanding shares of SonoSite and remains subject to the satisfaction of customary closing conditions, including expiration of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and necessary foreign jurisdictions. Following the completion of the tender offer, Fujifilm in
Irishme 8:34  gm
Lieu 8:44  gm
Leon 8:47  GM
Mary Beth 8:50  Good morning
Heath W 8:50  From SONO 10-K: The dominant competitors in the ultrasound imaging industry are GE Healthcare, a unit of General Electric Company (“GE Healthcare”), Siemens Medical Solutions (“Siemens”) and Philips Medical Systems, a division of Koninklijke Philips Electronics, N.V. (“Philips”). In addition, as the market for high-performance, HCU systems develops, we expect competition to increase as potential and existing competitors enter the portable market or modify their existing products to more closely approximate the combined portability, quality, performance and cost of our products. Our current competitors in the portable market include Siemens, GE Healthcare, Mindray Medical International Limited, Biosound Esaote, Inc., and Zonare Medical Systems, Inc.
Steamboat 8:50  SPY bouncing nicely off potential right shoulder-as I discussed yesterday-Back above 123.50 and we r back into a pattern I see.
Steamboat 8:51  Looking for DXY to retest breakout trendline @ 80-79.90.
Juan M 8:59  gm
Steamboat 9:06  MCD usually has a stong correlation with the USD- weak usd strong MCD- the recent strength in USD has not brought MCD down yet- I believe this is due to investors delaying selling this highflier till next year for tax purposes. looking to buy Jan puts
Mark Melnick 9:06  GS long 95.71 CEDC long 5.60 GSVC 16.04 JRCC long 7.20 LNG long 8.75 AMZN long 183.44 WBMD 38.04 NFLX long 71.65 MCP long 28.65 WYNN long 104.48
Lin 9:10  back from arizona 3 days biz whiteout driving amazing coming home
Julie R 9:12  GM all, ES/SPY bounces off the bottom of the channel yesterday from 12/7, top of channel approx 1225/1226 which is my R2
Lily 9:13  gm all
Steamboat 9:14  if this spy pattern plays out like I envision we could be breaking to new highs in 20-30 days or so
Julie R 9:15  we are most likely looking at the same pattern I’ve been talking about Steamboat, nice chart yesterday
Steamboat 9:16  thx Julie- i really like the symetry of the pattern
Lin 9:16  rax daily interesting
Julie R 9:16  yes I do too, and we came just about as low as we could go for it to work
Lin 9:16  yes higher lows
Lin 9:17  spy
Steamboat 9:18  I would like to see gold delink from equities- gold seasonally weak dec/jan- jewlery demand for holidays ends
Leon 9:18  Michael Kors IPO today
Mark Melnick 9:18  symbol?
Julie R 9:19  spot on Steamboat
Steamboat 9:19  Dr copper outperforming gold this am and is a better proxy
Julie R 9:19  agreed
Host 9:20  thx HeatH!
Josh 9:21  MM … symbol KORS
Mark Melnick 9:21  ty
Leon 9:22  sorry Mark KORS
Bill D 9:22  GM
Leon 9:23  and is another one sinja I belive
Leon 9:23  Mark you trade IPOS ?
Lin 9:27  he would trade his sister
Steamboat 9:28  lol
Mark Melnick 9:29  sometimes leon
Mark Melnick 9:29  Lin that depends on what the offer is
Lin 9:29  right
Bob S 9:29  MS looks good
Mark Melnick 9:29  lol
Barclay F 9:33  dmnd running up could pick up in premarket
Host 9:33  SPY 123.07 is going to be the star….. above respect strenght…but below…..and not getting to 123.22 weakness….
Barclay F 9:33  i mean good pick up in premarket
Host 9:33  123.07 is the 50-day SMA SPY
Steamboat 9:33  HNSN watch for break above 2.71
Sheila 9:35  GMCR down2 rrom open
Hafty 9:36  big pharma been strong recently led by LLY
Irishme 9:36  VHPM DROPIN HARD
Julie R 9:36  exactly Hafy, go PFE boring but paying
Irishme 9:37  GPOR day high up 1.44
Julie R 9:37  posted PFE options activity yesterday
Irishme 9:38  gpor breakout
Host 9:38  SPY on a retracement watch for 122.54 as support…yesterday was important resistance and now should be impoortant support….
Hafty 9:38  bt some MRK 95c..risking 16c
Steamboat 9:38  WSM not participating trigger below 36.96
Irishme 9:38  gm
Pepino 9:39  SPY 123.22 crucial level….. and then 123.07 ( 50 SMA)should fight around the number…
Hafty 9:40  DNDN moving on tier 1 firm saying AMGN should buy co
Irishme 9:41  AMR up 11 pre and now .6
Steamboat 9:41  will look to get long SPY on retest of top of double bottom @ 122.50
Sheila 9:41  GMCR keeps dropping
Irishme 9:41  AMR volume comin in
Steamboat 9:42  Watch WSM down
Phillyman 9:42  FSX & UPS
Phillyman 9:42  FDX & UPS
Dan T 9:42  ELN strong move up
Sheila 9:42  SLB dayt low
Julie R 9:42  Sheila, GMCR my tech have been saying this is a short
Barclay F 9:42  jeez, it like they knew where my stop on AMZN was
Sheila 9:42  Thanks Julie
Irishme 9:43  LNG day low
Pepino 9:43  RIMM yesterdays low 14.80…..
Pepino 9:43  RIMM pivor point 15.11
Dan T 9:44  DMND selling off
Irishme 9:44  AMR
Irishme 9:45  GPOR lookin strong
Bob S 9:45  fslr good trend
Mark Melnick 9:46  AMZN very strong
Lin 9:47  julie ru a trader for a hedgie?
Barclay F 9:47  dmnd at all time lows
Bob S 9:48  JAG approaching yesterdaays low
Irishme 9:49  LVS approaching day lows
Barclay F 9:49  MDT breaks up what I think is a daily wedge
Irishme 9:49  lng lookin weak
Dan T 9:49  ITMN down over a point
Julie R 9:50  no Lin, my background in trading was running a trading room with a partner, and teaching traders technical analysis with an emphasis on trading options
Bob S 9:50  Big BIDU swing
Julie R 9:51  all my sectors in the green
Julie R 9:52  airlines strongest (yes airlines!
Barclay F 9:52  melnick, what do youthink of DMND here?
Julie R 9:52  mrkt internals lookin good
Lieu 9:52  LLY
Pepino 9:52  SPY below 123.22 nothing to trust yet….but may change at any moment….. just one spike away…..123.22 as magic number to clear out to get excited…..
Steamboat 9:53  CDE testing yest lows
Irishme 9:53  AIS
Bob S 9:53  LLY is an R4 breakout as well
Lieu 9:53  JUlie, I bought PFE call yesterday, go PFE
Phillyman 9:53  FDX at DH
Phillyman 9:53  UPS still also strong, riding FDX news
Julie R 9:54  I’m right there with ya Lieu :)
Julie R 9:54  Jan 20s up good!
Irishme 9:54  KORS BIG PUSH OFF LOW
Barclay F 9:55  Melnick, is there any support level for DMND?
Irishme 9:56  Morgan Stanley to cut 1,600 jobs
Barclay F 9:56  MDT really moving out after breaking that wedge, good swing overnight
Barclay F 9:56  volume confirmation on mdt
Irishme 9:57  VPHM dropin again
Pepino 9:57  GMCR 43.00 is the support level that was yesterday;s low….. ..channelwise..44.
Pepino 9:57 44.25
MikeB 9:57  JPM held support @ 32
MikeB 9:57  C day high
Irishme 9:58  RITT day low
Barclay F 9:58  Shine, are you long on the silver market today or on the side?
Barclay F 9:58  DMND recovering off all time low
Steamboat 9:59  big pharm seems the place to be JNJ testig 64 NVS nice gap up
Lin 9:59  yes dmnd
Irishme 9:59  ANR approaching day lows
Pepino 9:59  GMCR resistance now at 44.77, 45.04, 45.27
Irishme 9:59  LULU day lows
Barclay F 9:59  this probe on DMND isn’t new news
Jeff D 10:00  PM solid
Irishme 10:00  LULU down .51
Steamboat 10:00  AET volume is 340% above daily ave for this time of day
Barclay F 10:00  Melnick, what would be oour signal that DMND will keep moviing up?
Lin 10:00  mr interruption
Irishme 10:01  TLT mid range
Semi 10:01  it would help if news reader waited for dead air before cutting in
Irishme 10:02  AIS
8ball 10:02  eal time baby!!!!
8ball 10:02  real
Hafty 10:02  sld 40% of my MRK +20c.
Irishme 10:03  MS approaching day lows
saral 10:03  lulu breaking support
saral 10:03  LULU
Barclay F 10:03  was it the philly fed data
Irishme 10:04  tlt approaching day highs
Sheila 10:05  BHI SLB DVN all at lows of day
Steamboat 10:05  looks like Gold still dragging mkt lower-
Julie R 10:06  Leiu taking some profit
Sheila 10:06  BHI goes negative
Barclay F 10:06  lot of support hitting SLV at 28
Irishme 10:06  ANR day low
Irishme 10:07  LVS day lows
Frank W 10:07  regn remaining strong
David M 10:07  tobacco stocks not great day trades but they grind higher
FLASH 10:07  ITMN day lows again after 20 cent bounce
Barclay F 10:08  MDT bull bear battle at the 50% retrace
Fresh Twitter Page 10:09  http://twitter.com/#!/TradeTeamShine
Irishme 10:09  INTC day lows
Irishme 10:10  LULU dropin hard!
Irishme 10:11  TLT day highs
Julie R 10:11  GMCR as posted Tues is a short, today Dec 45 puts up huge, 500%
Steamboat 10:12  bot some SPY 122.53 will uuse pepe number 122.43 stop below
Julie R 10:13  go Shine! great call Fizzler puts 37 strikes got cha a dbl!
Julie R 10:14  FDX at resistance but strong
Julie R 10:15  BIDU breaks another level of support 113.78
Bob S 10:16  I did not trade RIMM, but took a lesson in FOCUSING from Dave Shine, goy the bihg FSLR move from 32.57. My best trade ever
Barclay F 10:16  Mark, ascending wedge or bull flag formation on DMND?
Irishme 10:17  LNG WEAK DAY LOWS
Julie R 10:17  go PFE while the name is boring, Dec calls just hit 90% profit, big vol on front month 21 strike
Host 10:17  .thanks mark….35
Dan T 10:18  PFE day highs
Julie R 10:18  :)
Phillyman 10:18  TEVA
Barclay F 10:19  BMC moving back up after pull back
Pepino 10:19  NTAP weak at yesterday;s lows
FLASH 10:19  Most Airlines trading at highs, UAL DAL
Pepino 10:19  NTAP support/breakdown LOD36.69
Barclay F 10:20  DMND just broke up off the flag/wedge
Irishme 10:23  OKSB up 1.52
Dan T 10:24  continued weakness in ITMN
Irishme 10:24  AMR holding .74
Lily 10:24  Julie, did u dream BIDU drop again last night?
Bob S 10:25  HON bearish engulfing candle
Irishme 10:26  SPMD up .98
Irishme 10:26  SPMD up 1.06
Irishme 10:26  SPMD breakput
Host 10:27  http://twitter.com/#!/TradeTeamShine
Irishme 10:27  breakout
Julie R 10:27  LOL Lily! Been a great short, today Dec 115 puts up 700% gotta love options!
Irishme 10:27  SPMD 2.68 to 3.65
Jeff D 10:27  RIMM taking a little heat on CNBC currently…
Irishme 10:29  T day lows
Sheila 10:29  Crude futures are negative after being up
Steamboat 10:29  WSM testing lows
Barclay F 10:29  dmnd puts in a perfecti doji, then jumps, just put in another doji in the 5s
Irishme 10:29  OKSB day high
Lily 10:29  Wow! Jujie
Irishme 10:30  oksb UP 1.73
Julie R 10:30  BIDU most vol front month 110s
Lily 10:30  how long have u been trading? Julie
Phillyman 10:31  TEVA still going
Irishme 10:31  LVS day low
Sheila 10:31  GMCR crossses 45
Julie R 10:33  since 2007, I have a passion for this, and I believe you should always follow your passion. It was to my advantage to have been a trader in the fall of 2008, learned how to trade the downside, which many are uncomfortabe with
Hafty 10:33  Leak points to worse than expected revenue at Facebook says a source..wonder if that could hurt GOOG
Francis J 10:34  Mark, do also look at the pre & post mkt charts? if so, when? thx.
Irishme 10:35  IPSU day low dn 1.31
Lily 10:35  Impressive! Julie
Doug W 10:35  LNG up .20 from lod
Irishme 10:35 1.19
Barclay F 10:36  DMND may be moving up again after digesting
Irishme 10:36  SPMD up 1.43
Irishme 10:37  SPMD huge volume
Irishme 10:37  SPME UP 1.56
Irishme 10:37  spmd up 1.61
Barclay F 10:38  watch DMND at the hold number
Jeff D 10:38  TLT showing some weakness after hanging pretty tough through the first hour…
Irishme 10:39  LOOK AT THE CHANNEL ON SPMD MARK
Irishme 10:39  POPOPO
Doug W 10:40  FSLR 30.56
Phillyman 10:40  8Ball, will $4 get you $6 today in SPMD?
Irishme 10:40  SPMD PAID OFF ALOT OF DEBT
8ball 10:40  lol
Hafty 10:40  LIVE might have come close to 20..no float
Barclay F 10:41  DMND at the trigger/resistance
Barclay F 10:41  DMND brok 28.08
Irishme 10:42  SPMD TARGET 11.92
Dan T 10:43  BBY new low
Lin 10:43  hey doug w nice santa email?
Steamboat 10:43  Here is a chart of MCD v EURUSD look how MCD usually drops when USD rallies- http://yfrog.com/es85pp
Julie R 10:45  for those day traders on PFE hope you took profits when the up trend broke, draw your trendlines, ocillators gave you the out before the t/l break
Sheila 10:45  SLB DVN negative
Dan T 10:46  ITMN big one point bounce
Bob S 10:46  Baird dropped the target 50%
Irishme 10:47  Whats with IPSU?
Irishme 10:47  sugar
8ball 10:47  had ernings
Bob S 10:48  93 was key level at close yesterday for GS, there now again
Barclay F 10:49  dmnd bouncing off ascending channel support
Barclay F 10:51  bull bear battle at DMND on the trigger number
Irishme 10:53  IPSU 3.20 dbl bottom
Irishme 10:55  BPAX!
Barclay F 10:56  i believe Melnick had it at 28.08
Barclay F 10:56  though now i think it is the ascending support channel around 26.94
Steamboat 10:56  IPSU delayed filing 10Q
Steamboat 10:57  10 K
MikeB 10:57  PWRD day high
Julie R 10:57  BIDU fills the gap from 10/5 10/6 finds support at the 110 area, when you saw the hammar on the 5 min and downtrend breached, you should have taken profits on your short as a day trade, re entry may come as it tests the 21, but I booked it
Barclay F 11:00  I’m out of DMND, didn’t like where it seemed to be heading
Barclay F 11:01  going to watch for a pullback for possible reentry. Mark, do you see a support level for possible reentry?
Dan T 11:01  ITMN new lows
Like us on Facebook 11:03  http://www.facebook.com/pages/Shines-Trading-Room-Company-Page/101610486572510
Phillyman 11:05  news on ITMN?
Irishme 11:05  HUGE INSIDER SELLING IN ITMN
Barclay F 11:06  Melnick, now that DMND broke the ascending channel, where would you look for support and possible reentry? back at LOD since this was all time low, or one of the bars in between?
Irishme 11:09  PWRD day lows
Irishme 11:09  oops highs
Doug W 11:09  AAPL lod
Julie R 11:09  big vol on the GLD hammar
Irishme 11:10  crox dn .7
Irishme 11:10 0.07
Dan T 11:10  BRCM now negative
Hafty 11:12  CTIB low float company licensing deal with SC Johnson..8 billion dollar co
Irishme 11:12  spmd pulled in .64
Hafty 11:12  watch CTIB
Lin 11:13  sbux has beer and wine in seattle and roll out in12 will be huge
Semi 11:13  book em dano
Semi 11:15  previous = re Julie R BIDU -
Irishme 11:15  ACHC UP 1.01
Irishme 11:15  public offering of stock at 7.50
Irishme 11:16  now 8.61
Dan T 11:16  ITMN now below 13
MikeB 11:16  watch DMND above 27.70
Barclay F 11:18  MikeB, how did you arrive at 27.7 for DMND?
David M 11:19  i bought some wlt, what is the techical jargon for beat like a rented mule?
Irishme 11:19  ITMN insider sell huge for the last few days
8ball 11:20  techninal term is c”cream crackered”
David M 11:20  lol
8ball 11:20  lol
Irishme 11:20  ? ITMN TARGET 38 .00
Doug S 11:20  Tobaccos strong today, Lo +1.5%, Lo +1.5%
Lin 11:21  nice itmn
Irishme 11:21  GOOD play Mark
Julie R 11:22  mrkt internals still not what I would consider weak,
Irishme 11:24  AMR dn .08 from high
Irishme 11:26  amr drop to new low
Pepino 11:27  SPY based on yest levels….122.43 resistance/breakout…then resistance again at 122.54….. for support 122.25 is the 50% of yesterday’s range and then 122.07 as the last support/ breakdown level before possible re-testing of yesterday LOD 121.47
Hafty 11:27  GEVO deal with KO
Julie R 11:28  SPY ES t/l breach to the upside, mrkt internals were the tell, not bearish
Lieu 11:29  BA going
Jeff D 11:29  EPD
Irishme 11:30  ascending on PWRD
Irishme 11:31  CHANNEL
Barclay F 11:31  Melnick, I’m trying to locate a support for DMND, can you take a look?
Irishme 11:32  ITMN UP
Julie R 11:33  nice eyes Lieu, a fav of mine to trade
Dan T 11:33  good move higher in HPT
Irishme 11:34  ITMN rsi very under sold
Barclay F 11:35  tx mark
Irishme 11:35  LUV day highs
Lieu 11:35  out of BA good for dinner only, but not complaining
Irishme 11:35  spmd .80 pull in
Dan T 11:36  MCP half point move up from day lows
Julie R 11:36  agreed Mark on JBLU huge calls posted last week in this chat
Irishme 11:36  Jet Blue Buy AMR lol
Mark Melnick 11:36  lol
Mark Melnick 11:36  yes great heads up by you Julie
Irishme 11:36  If they had the doe ray me
Mark Melnick 11:36  LOL
Irishme 11:36  amr .65
Julie R 11:39  great trade Lieu! I see this in a bull flag on a daily, if mrkt gets legs watch this one
Irishme 11:39  AMR shoot me lol
8ball 11:40  GEVO!!!
Irishme 11:41  lol all eyes on ty
Irishme 11:43  LUV POP
Irishme 11:45  LUV volume comin in
Lin 11:45  mcp setting up 27.45
jeff 11:46  CLM will bottom tomorrow
jeff 11:46  it has fallen 35% on the rights offering
Lin 11:47  sbux 43.45 trigger
Irishme 11:47  payroll tax probably to pass
Julie R 11:48  WYNN interday pattern suggests more upside
jeff 11:48  PCYC did a rights offerig two years ago at 1.29
Irishme 11:48  LULU big bounce off lows
jeff 11:48  they couldn give the shares away at 1.29
Phillyman 11:49  KMB day highs
Irishme 11:49  LUV
Semi 11:50  k-cup…could be wrong, but i recall something about k cup patent expiration recently…will research if no one can confirm
Doug W 11:51  Green Mountain owns Keurig, maker of the K-Cup
Irishme 11:51  LULU DBL TOP 15 MIN
Lin 11:51  had my first k cup in phoenix tuesday very rich and smooth
jeff 11:52  take a look at the comparison chart of CLM now versus the month of december
Julie R 11:52  XLF weak
Semi 11:52  k cup patent…sept 16 2012 expiration http://www.businessweek.com/news/2011-11-21/green-mountain-s-expiring-k-cup-patents-attract-coffee-rivals.html
Barclay F 11:53  Melnick, MDT has now reached the old wedge on a brief whoosh down, is this a meaningful pivot point or no longer relevant?
Irishme 11:54  GEVO 15.67 TARGET
Irishme 11:55  LOL
Semi 11:55  XLF weak?
Julie R 11:55  I think so, watching to see if it dbl bottoms, making lower highs today
Semi 11:56  i see now…weak compared to its open
Irishme 11:58  Warburg to invest 355million in renewable technoligies
Irishme 11:58  gevo ? hmm
Semi 12:00  muust be lunch time shine’s screen is up ;>)
Irishme 12:02  LTD
Irishme 12:02  Victoria secret involved in African child labor
Julie R 12:02  UAL Dec 20s most vol, .33 low to .75 so far, just 10 contracts for $330 got ya $420 profit
Irishme 12:04  GEVO POP AGAIN
Semi 12:04  gmcr Wednesday’s Stifel Nicolaus & Co. note saiddemand for Keurig brewers on the decline, imports of the machines down 28% in November
Irishme 12:05  THERE IT GOES
Irishme 12:05  GEVO
Doug W 12:05  GEVO breaks $7
8ball 12:06  how u like me now !!!
Irishme 12:06  LOL
Lieu 12:06  lly faster than MRK and PFE
Irishme 12:06  OOOAH
Irishme 12:07  mERRY x-MAS
Irishme 12:07  LOL
Irishme 12:07  sANTA DOES EXIST :)
Irishme 12:08  OOPS HARD TO TYPE HOLDING ALL THIS DOE RAY ME
Semi 12:09  lol irish
Julie R 12:10  congrats Irish!
Barclay F 12:12  got BMCcoming up off a channel from 11am yesterday after retracing its gains for the day
Irishme 12:12  OK HALF OFF TABLE GEVO
Mark Melnick 12:12  NICE JOB IRISH!
Mark Melnick 12:12  Sick heads up
Mark Melnick 12:12  Hafty
Doug W 12:16  ITMN back above 14
Barclay F 12:16  Melnick, are wedges meaningful on SLV or GLD?
Irishme 12:16  ty hafty and all
Irishme 12:17  ITMN trying to break desending channel I think
Lieu 12:19  wynn is working, did not take positions, busy with PFE just got out now, missed this morning pop for PFE
Irishme 12:19  ITMN
Irishme 12:20  ITMN POP
Irishme 12:21  LUV DAY HIGH
Lieu 12:22  Any good entry for LLY?
Julie R 12:22  WYNN tgt hit 105 from price tgt took some off and holding partial position, in at .55 sold partial for $1.25
Julie R 12:22  hope someone took it w/ me when called
Irishme 12:23  lvs up a dollar off lows
Irishme 12:23  itmn pop
Barclay F 12:23  Melnick, I didn’t realize I had my mute button on, so don’t know if you answered the question about SLV wedges
Lieu 12:24  lulu popping
Irishme 12:24  itmn ascending wedge 15 min
Irishme 12:25  gevo out
8ball 12:25  well done!
Irishme 12:26  ty 8-Ball
Irishme 12:26  SPMD moving again
Barclay F 12:26  your chart isn’t showing
Irishme 12:26  can’t see it chart
Irishme 12:28  all airlines go up AMR goes down boo
Irishme 12:28  indicator to the goodbye side
Irishme 12:29  AMR 18.00 dollar profit woohoo i’m retiring now
Julie R 12:30  my airline sector biggest % gains in this order: DAL UAL LUV JBLU ALK
Irishme 12:30  Shines room needs a sign of theme song?
Irishme 12:30  off
Barclay F 12:31  Wow, timely questions on the SLV wedge, nice push out
Barclay F 12:33  out of SLV with quick profit
Irishme 12:34  Theme Song for sign off. Hallelujah –line minor fall major lift maybe
Julie R 12:34  add SPG to that too, commercial reit/ malls
Barclay F 12:34  Looks like a wedge forming on SINA on the 15s and the 5s
Irishme 12:35  TLT approaching lows
Barclay F 12:36  which way would you play the SINA wedge, top of descending channel or follow the tape, opposite pressures LOL!
Barclay F 12:37  MDT going for an 8th green bar
Semi 12:38  irish, I found the theme song you were typing about…you gotta listen to 15 seconds of ad before song http://www.youtube.com/watch?v=qwlK5b4KYfI
8ball 12:40  like it!
8ball 12:40  MDT @.36 great risk/reward
8ball 12:40  based on daily candles
8ball 12:41  8-1
Barclay F 12:42  DMND digesting after brreaking descending channel, wedging
Barclay F 12:43  wedge looks ascending and don’t have lots of volume
Barclay F 12:44  8ball, what time period do you use for your Bollinger bands?
8ball 12:50  lightspeed automatic study..
8ball 12:50  20,2
Randir 12:50  any seminar at 115>?
8ball 12:50  yes
Randir 12:51  thx bud
Semi 12:55  8 .. trying to understand MDT @ .36 … are you referring to Dec. calls ? or go long at 35.36? or help please …
Semi 12:57  btw thats not a whining “please”…its a just being polite please
Doug W 12:57  ITMN approching $15
Doug W 12:57  Breaks through 15
Barclay F 12:57  SLV touching on ascending channel support
Doug W 12:58  ITMN now breaking through 5 min ascending chan res
Barclay F 13:06  Melnick are you in? I’ve got a descending wedge on SINA, would lkke a look
Semi 13:16  thanks
Mark Melnick 13:16  yes ill start shortly
Barclay F 13:16  8ball can you put up your chart on MDT?
Mark Melnick 13:17  ty
Irishme 13:18  SeMI lol cool song lol
Julie R 13:19  ES SPY dbl bottom/higher low at the pivot, bulls have a good set up if they chose to take it
Irishme 13:20  SEMI — IWOULD BE IN SHINER’S ROOM , GIVIN ME THE HIGHS SOON YEA YEA LOL
Barclay F 13:20  tx 8ball, would like to know what period your lightspeed selects for the bolinger bands, it bounced right off them
8ball 13:20  20,2
8ball 13:22  great heads up @ $6.29 breakout!!!
Julie R 13:23  GS lod and below yesterday’s low
Sheila 13:25  BHI lod
Julie R 13:29  CVX
James V 13:31  Rig dropping in sympathy w/ CVX?
Barclay F 13:33  Mark, are triangulation wedges off a down move likewise bearish?
Lieu 13:35  TLT up last 15min
Irishme 13:35  DON’T FORGET wARBURG
Irishme 13:35  TY Mark
Randir 13:35  pal…what time frame trades..do you find yourself trading at your best
Sheila 13:36  could you please chart SLB?
James V 13:36  TY
Irishme 13:36  LULU ascending channel 15 min
Barclay F 13:39  speaking of young stocks pulling down, SINA approchind day lows – short opp?
Irishme 13:39  live completes equity financing
J D 13:42  ATHN
Irishme 13:43  ATHN BOMBING MARK
Randir 13:43  nice analogy…
Julie R 13:43  WYNN, and ES lifts off pivot again
Joe K 13:45  Mark, coyld you look at ITMN?
Barclay F 13:45  market didn’t like Athenas confirmation of guidance
Semi 13:46  13:38 business wire athn re investor summit…reaffirmed 2012 guidance
Semi 13:46  barclay..you beat me :>)
8ball 13:47  HL >01 off tgt
Irishme 13:47  ATHN HEADIN TO 44 ?
Barclay F 13:47  68PE couldn’t hold on confimration
Irishme 13:49  ATHN HEADIN TO JUL MID RANGE 44.OO ?
Joe K 13:49  thanks Mark.
Semi 13:51  MDT made me check old buddy BSX… bot a few Jan $5 calls at 29 cents
Julie R 13:53  on WYNN after being down about $20 in 10 trading days, the risk to reward favored the long trade, esp when you got near the psycho support level of $100, shorts cover/value buyers can come in, nice hammar so far on the daily
Barclay F 13:54  Mark, would you wait for the green bar on Athena?
Sheila 13:54  Thank-you
Phillyman 13:54  MM, excellent explain on ALTH
Randir 13:54  MM rocks!
Phillyman 13:54  thanks
Joe K 13:54  Mark: thanks very much.
8ball 13:54  awesome
Barclay F 13:54  How about a look at SINA?
Phillyman 13:54  I mean ATHN
Barclay F 13:55  looks like it double bottomed (SINA) at 52.15
Barclay F 13:56  I played it long and got blipped out
Randir 13:59  when price and volume seem to touch …isnt that a good indication for a reversal..?
Julie R 13:59  Barclay I agree with Mark, I need a technical reason to go long Sina, I don’t see it yet
Lieu 14:01  LLY still very strong, same with LULU, any level for these two, try not to chase
Randir 14:01  DMND tanking!
Phillyman 14:01  MM, excellent, it requires discipline not to get into ATHN until the time is right
Phillyman 14:03  DMND
Randir 14:03  DMND rallyn from day lows!
Irishme 14:04  Bounce around 44.00 ?
Barclay F 14:05  DMND report should have sent it negative (CNBC), but look at that volume!
Phillyman 14:05  VRTX on the move
Barclay F 14:06  SINA just broke descending channel resistance
8ball 14:07  IRISHMEEEEEEE!!!
8ball 14:08  ATHN 44′S
Randir 14:08  levels levels levels!!!
Barclay F 14:09  SINA!
Irishme 14:10  44.05 in
Irishme 14:11  come on I believe lol
Irishme 14:12  oh me
Irishme 14:12  mm hate me
Irishme 14:12  market makers
Semi 14:13  athn…..holy moly batman
Barclay F 14:13  SINA closing on next trigger, volume good
Irishme 14:13  only a soldier
Irishme 14:14  oh don’t say that lol
Irishme 14:16  added a 100
Irishme 14:18  yes on me lol
Randir 14:19  ACHC touchn day highs
Irishme 14:19  go b go
Semi 14:20  one minute chart shows a change
Barclay F 14:21  I went into Athena at 42.4
Irishme 14:21  yes go athena
Barclay F 14:22  stopped out with $1 profit
Irishme 14:22  back to 48.00
Phillyman 14:23  nice MM, thanks
Lieu 14:23  MM brave! just watching
Barclay F 14:24  BMC pushing outnicely with volume
Lin 14:24  in at 43.47 out 44.29
Irishme 14:24  holding
Lin 14:24  still ok on 5
Irishme 14:24  wanna see next 5 min bar
Barclay F 14:24  SINA closing in on trigger at 53, low volume
Lieu 14:25  Any options for WYNN dec23 or Jan?
Lieu 14:25  LLY keep going
Barclay F 14:26  SINA breaks 53
Semi 14:27  1 min sto overbought cross down
Irishme 14:27  IM looking for 46.49
Barclay F 14:28  took profit on SINA
Barclay F 14:28  dropped out on that volume spike
Semi 14:30  previous 2 posts were athn :o {
Irishme 14:30  still holding athena
Irishme 14:32  half off
Irishme 14:32  lol
Semi 14:32  good education just watching athn…attaboy irish
Irishme 14:32 46.49
Irishme 14:32  ty semi
Irishme 14:34  i’m sweatin
Semi 14:34  that that that
Irishme 14:34  wanti 46.49
David M 14:35  that was great analysis
Irishme 14:38  ok i’ll take 46
Irishme 14:38  5 min doji
Irishme 14:38  44.65 stop for me
Barclay F 14:38  BMC coming up off support on ascending channel, behaving nicely
Dan T 14:40  VPHM new highs
Irishme 14:40  i’m out
Doug W 14:40  breif flurry on DMND, increasing vol, holding over 27 now
Irishme 14:40  138 profit cool
Randir 14:40  thanks MM-in ATHN at 44 out at 44.83
Irishme 14:41  ty Mark and *_Ball
Irishme 14:41  oops 8
Irishme 14:41  Best room on the Planet
8ball 14:42  yw
Irishme 14:42  Best people on the planet
Irishme 14:43  How could you possibly ask for anything better in help and learning how to trade
Mark Melnick 14:43  thanks Irish , we appreciate that a lot
Irishme 14:43  Everyone sign up you cannot go wrong
Doug W 14:43  DMND breaking ascending 5 min resistance
Lin 14:44  i signed doug w up!
Doug W 14:44  Lin is my hero ;-)
Irishme 14:45  oh well
Dan T 14:45  MCP at day low
Doug W 14:45  DMND breaking higher still
Irishme 14:45  ok i’m short 100
Irishme 14:45 45.64
Irishme 14:46  45.90 stop
Phillyman 14:46  MM, DMND
Lin 14:46  send me the big bucks doug
8ball 14:46  stopped out .09 loss
Lin 14:46  took short lost 10c athn
Irishme 14:46  i’m out
Irishme 14:47  maybe 46.49 was ok when I picked it
Irishme 14:48  gave back .48c
Julie R 14:49  we called these stocks out yesterday b/c of bullish chart patterns, here’s how they paid if you had taken them today, MRK Dec 36 calls up 400% LLY Dec 40s 500% PFE Dec 21s 100% WAY TO TEAM SHINE!! Mrkt is flat and we did well
Lin 14:49  5min vol symettrical on athn
Irishme 14:49  short order for 46.50
8ball 14:50  reminds me of PSMT
8ball 14:51  yep
Lin 14:51  bull bars on 5 small vs bear whooshes
8ball 14:51  crushed then algo buy button turned on
Irishme 14:51  filled 46.50
Julie R 14:51  FCX
Irishme 14:51  47.00 stop
8ball 14:51  reminds me of FMCN @ 10.85
Irishme 14:51  short
Irishme 14:52  dang got my 46.49 call
Irishme 14:53  48.05 bollinger maybe
8ball 14:53  SPY’s .10 off lows
Randir 14:54  yeap!
8ball 14:54  randir calls volume/price touch at the bottom!!!
Irishme 14:54  i’m out again
8ball 14:54  ATHN
Irishme 14:55  ok last time for me 48 short
Randir 14:55  i know that b/c you you pal!
8ball 14:55  6pts off lows
Irishme 14:56  lol
Irishme 14:57  move short dn to 47.66
MikeB 14:58  VPHM
Irishme 14:58  now down to 47.55
MikeB 14:58  VPHM trading @ yesterdau close 27.80
Irishme 15:00  short order 47.55
James V 15:00  LRCX
Irishme 15:00  no just tradin out loud
8ball 15:01  INHX breaks 13
Irishme 15:01  ok withdrew short order
Irishme 15:01  thanks
MikeB 15:01  Capital One COF new low
Julie R 15:02  GS as well
MikeB 15:03  WFC new low
Irishme 15:03  good call
Dan T 15:03  VPHM now positive for day
Irishme 15:03  i waited too long
Irishme 15:04  5 min dbl top
Lin 15:04  got 68c+
Irishme 15:04  lol
Lin 15:04  still looks ss (short)
Irishme 15:08  gj LIN
Lin 15:08  we are family all my bro’s sis’ and me
Phillyman 15:09  FDX wow
Irishme 15:10  45.51 dbl bottom maybe?
Dan T 15:10  VPHM above 28 level
Irishme 15:10 45.41
MikeB 15:10  nice DAN
Dan T 15:12  Thanks, MikeB
Irishme 15:15  dnag lost connection
Irishme 15:15  dang
Irishme 15:16  ok can’t trade anymore, good luck all great day
MikeB 15:18  SPY
Julie R 15:18  SPY coiled spring, trying to b/o
Dan T 15:19  nice rally in EXAM
MikeB 15:19  122.50 120 EMA on SPY
Julie R 15:19  Watch your winners for continuation
MikeB 15:20  close above on 5 min chart
Bob S 15:22  I wonder what the impact of an earnings short squeez on RIMM would be…
MikeB 15:22  RIMM new high
Julie R 15:25  be careful on the IV crush on RIMM , Dec 227% IV
Bob S 15:25  well said. I can’t gamble on it either
Sheila 15:28  Julie, what is an IV crush?
Julie R 15:28  Implied volatiltiy
Julie R 15:30  when a stock goes through earnings, the IV rises, highest the day of earnings, after the earnings come out the IV goes out of it, thus depleting the value of your option, so you can be directionally correct and lose money
Julie R 15:30  I have a great earnings strategy will explain later
Lily 15:31  Julie, What’s IV? thx
Julie R 15:31  mrkt maker pricing in a 1.70 ish move on RIMM direction unknown
Julie R 15:32  IV=implied volatitlity
MikeB 15:32  SPY 122.50 res
MikeB 15:34  GM day high
Lily 15:36  (Julie R: I have a great earnings strategy will explain later)Julie, pls
Laser 15:36  ITMN
Julie R 15:37  team Shine pls ck email, mike icon missing most of day, let’s try it tomorrow, I’ll be in room early for sound ck if that works for you
Bob S 15:38  Periscope down, there goes fslr!
8ball 15:38  thx Julie u r correc56 see ya in the am…
Julie R 15:40  OPX should be exciting!!!
8ball 15:40  thx for all you do !!!
Julie R 15:41  BIDU loving our exit on the day trade/short
Sheila 15:41  LULU day high
MikeB 15:42  SPY break out above 122.50
Julie R 15:45  GDX looks like crap (technically speaking)and remember just last week traders on CNBC told you it was a buy, we said NOO WAY that day
Randir 15:46  345pm
Randir 15:46  feel like banging my head in the wall b/c i got out of ATHN at 45
Julie R 15:47  AAPL weak to day and on daily chart
MikeB 15:48  SPY couls not not take 122.50 res
MikeB 15:48  could not
Dan T 15:53  EDU broke 22 level
Dan T 15:55  AMRN at day low
Ian 15:56  hidnsight is 20/20 always lol
Semi 15:56  gotta rake some leaves before sundown…by all…it was fun watching everybody make money… c u 2 morrow
Mark Melnick 15:56  have a great night Semi
Semi 15:56  bye
Randir 15:57  49 ATHN gad zooks!
Dan T 15:57  Thanks, Mark
MikeB 15:59  good night all
Julie R 15:59  Thanks everyone! See you in the morning, off to the park with our new lab puppy, I can’t believe how much he’s grown in just 2 weeks! Vet says he’ll be 80lbs! Yikes
Don S 16:00  gn
Ian 16:00  laters guys thanks
Lily 16:00  ty all
Randir 16:00  thanks you team…time to liquor it up!
Dan T 16:01  Have a great night everyone
jeff 16:02  the dutch auction was finalized

Speak Your Mind

*