(9:04 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(9:04 AM) Alert: Hi , Welcome to TTT
(9:05 AM) azags: Tom or Red get rid of these idiots
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(9:05 AM) tomthetrader: got it
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(9:09 AM) tomthetrader: We will try to get all those spammers banned from the site and try to alleviate the noise from any drive bys
(9:10 AM) tomthetrader: 43.05 and 78.58 for TWM and DTO should be the lowest price one would accept
(9:11 AM) tomthetrader: audio at 9:15 a.m.
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(9:13 AM) azags: Tom I was in the Grand Teton mountains last week and several hiking trails were closed because of too much "bear" activity. Is there also much bear activity on Wall Street?
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(9:14 AM) tomthetrader: I think it is spilling over at least for 20 minutes ?
(9:15 AM) Freezinalberta: Tom - g/m I have 10% of traders in DZZ. Would you sell 50% at 07:45 also?
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(9:19 AM) arujunaa: bond update: i sold the last 25% of my tyu long at 115.00 (cost 114.23). now flat awaiting an opptounity to rebuy
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(9:25 AM) eman11: Test - Did I miss the Audio this morning?
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(9:26 AM) netherbow1: me too - didn't hear it
(9:27 AM) Harrod_t: same here
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(9:28 AM) azags: y
(9:28 AM) ajayvee: y
(9:28 AM) netherbow1: y
(9:28 AM) Pete45: gm
(9:28 AM) rekon8: good morning
(9:28 AM) hibuck2: gm
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(9:35 AM) don_2007_: Hi tom... say, how does the Fed pump money into the system?
(9:35 AM) tomthetrader: M2
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(9:36 AM) don_2007_: I'll look it up.. ty
(9:36 AM) tomthetrader: is the best way to see the actual output into the world
(9:36 AM) tomthetrader: M2 charts are now back in vogue
(9:36 AM) tomthetrader: find a good source for M2 Money supply charts
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(9:40 AM) tomthetrader: sell 25% TWM and sell 25% DTO now in TRADERS
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(9:40 AM) tomthetrader: TWM quotes please
(9:40 AM) tomthetrader: DTO quotes please
(9:40 AM) ajayvee: 43.33 TWM
(9:42 AM) tomthetrader: avereage prices betwen 9:40-9:45am should get us a fair fill
(9:42 AM) richardt_5: 43.44 TWM
(9:42 AM) stevefl_64: 43.43
(9:43 AM) ajayvee: 43.94 TWM
(9:43 AM) tomthetrader: 79.15 DTO sold
(9:43 AM) tomthetrader: 43.91 sold
(9:43 AM) eman11: 43.46
(9:44 AM) hibuck2: great job tom
redliontrader: 43.92
(9:45 AM) tomthetrader: exit all shorts now
(9:45 AM) tomthetrader: 44.09
redliontrader: 44.25 @ 9:45
(9:45 AM) tomthetrader: TWM
(9:45 AM) tomthetrader: we will be OUT of all positions now
(9:46 AM) tomthetrader: Please sell Main IRA and TRADERS out of shorts
(9:46 AM) tomthetrader: POT only long with no stops for 2012 profit !
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(9:54 AM) redTest: great calls tom.
(9:54 AM) tomthetrader: Great Job you all
(9:54 AM) tomthetrader: Thank you ...pretty nice way to wake up on Monday morning
redliontrader: 3% short with VIX calls in traders, 10% long main with POT, 100% Cash IRA
(9:55 AM) netherbow1: what do you think of RIMM in here TOM ?
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(10:01 AM) ajayvee: here's SPX 904
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(10:05 AM) jaxbrown: gm
(10:05 AM) tomthetrader: RIMM is still in trouble to 64ish
(10:05 AM) netherbow1: thxs TOM
(10:05 AM) tomthetrader: I would consider RIMM long at 60-65 if we get oversold short term
(10:07 AM) tomthetrader: 904 we should start looking at BGU
(10:07 AM) tomthetrader: long but we will wait for 11:00am
(10:07 AM) tomthetrader: a long turnaround can be expected
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(10:15 AM) redTest: developing trend down day characteristics
(10:17 AM) tomthetrader: Thank you
(10:20 AM) tomthetrader: LOD
(10:20 AM) tomthetrader: 904 broken
(10:20 AM) netherbow1: we are not in BGU yet , right ? BGU on close ?
(10:20 AM) tomthetrader: Right
(10:21 AM) netherbow1: thxs
(10:21 AM) tomthetrader: we will wait to see if TREND DAY DOWN develops like it should then buy in the 900 -904 level = BGU on the cl,ose
(10:25 AM) tomthetrader: energy falling 3x as fast as oil
(10:25 AM) tomthetrader: as we told you last week
(10:26 AM) tomthetrader: we thought crude would fall due to fall in stocks and = brent
(10:27 AM) tomthetrader: anyone make some profits today ........
(10:27 AM) tomthetrader: our 94 per cent chance of a down mondat is working so far
(10:28 AM) ajayvee: not me, still sitting in cash, but looking
(10:28 AM) tomthetrader: typ is a position i wanted to enter late friday but paltalk failed us
(10:28 AM) tomthetrader: aj you had no shorts today ....
(10:29 AM) tomthetrader: darn ...thought you would clean up...
(10:29 AM) ajayvee: nope, missed them all on Friday
(10:29 AM) tomthetrader: darn
(10:30 AM) tomthetrader: anyone else miss out due to pal talk or just didn't want to hold over the weekend
(10:30 AM) stevefl_64: missed DTO beacause of paltalk but got TWM
(10:30 AM) netherbow1: I missed due to PALTALK - wasn't sure what to do when sys went down
(10:31 AM) tomthetrader: no e-mails ....
(10:31 AM) stevefl_64: DTO email got to me 10 PM fri nite LOL
(10:31 AM) stevefl_64: TWM email ok
(10:31 AM) tomthetrader: dto trades til ......
(10:31 AM) netherbow1: late for me too - after mkt close
(10:32 AM) stevefl_64: I usually can trade till 8 PM
(10:32 AM) tomthetrader: what time was dto mailed out
(10:32 AM) stevefl_64: but wasnt home anyway. once in a while I have a life
(10:33 AM) tomthetrader: who doesn't
(10:33 AM) stevefl_64: who knows cannot depend on my email .Yahoo for the birds
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(10:33 AM) redTest: 10:30 and new low..
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(10:34 AM) tomthetrader: MEA back to 4.00
(10:35 AM) tomthetrader: 902 may do it on the downside...really trying to see if a CHANGE OF CHARACTER
(10:35 AM) tomthetrader: has taken place
(10:37 AM) tomthetrader: According to a startling report from RBC Capital Markets, up to
1,000 U.S. banks could fail in the next to three to five years, while
the Federal Deposit Insurance Corporation (FDIC) itself expects
bank failures up to 2013 may cost $70.0 billion. In the first quarter of
2009, the FDIC identified 305 "problem" banks.
(10:39 AM) tomthetrader: TYP would have been a great call also
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redliontrader: In the future.. I will have a backup Chat room ready to go on the website.. I'll let you know the address once I get it set up.. I did put one up but not everybody made it there.. you can always IM me on AOL or Google @ redliontrader
(10:40 AM) tomthetrader: GLW holding tough ...very good play into Christmas ...put GLW on your comeback stock list if it falls some more
(10:41 AM) tomthetrader: Me too as you can call 24/7 1-850-329-6745 and e-mail or twitter is up 24/7 so should have the most accessible sevice in the world
(10:41 AM) tomthetrader: 44.69 TWM
(10:42 AM) tomthetrader: RUT breaches barely 500.00 level
(10:42 AM) tomthetrader: about 6-1 - a/d all over the US
(10:43 AM) tomthetrader: DTO hit 10% up
(10:43 AM) tomthetrader: Best pure Play on oil
(10:44 AM) tomthetrader: shorting Crude futures was a great play too for those whom play oil
(10:45 AM) tomthetrader: Best part is we forewarned and labeled all these actions well in advance and gave a in depth report on the heavy odds of a down day in the markets today
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(10:45 AM) tomthetrader: 900 now in sight
(10:45 AM) redTest: reallly strong selling, the TICKS have only made it into + territory once @ 10:15
(10:45 AM) tomthetrader: no one wants to buy until the FED gives exit strategy
(10:45 AM) tomthetrader: but there may not be one
(10:46 AM) eman11: I too received the DTO email after 10:00pm as well in Friday
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(10:46 AM) eman11: Maybe we will see 888 today?
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(10:47 AM) tomthetrader: Najarian taking off 1/2 ...could have shorted the crude futures or entered this A.M. as we are still up the same %
(10:47 AM) Alert: Former Iranian Crown Prince, Reza Pahlavi LIVE NOW
(10:48 AM) Alert: Former Iranian Crown Prince, Reza Pahlavi LIVE NOW News Talk Online in the Radio/TV Section
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(10:54 AM) tomthetrader: 8400 Dow cash will be the lows ?
(10:55 AM) tomthetrader: YM futures on the close or BGU but for now looking at shorting XLF
(10:55 AM) tomthetrader: FAZ 4.50 - 5.00 + FAZ a day trading vehicle for the week ?
(10:56 AM) redTest: fyi: tom sent the email @ 4:55:35 and I got the email on Gmail at 4:56:35 - the time stamps in my copy of the email are PDT..
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(10:57 AM) stevefl_64: so is that 7:56 EDT Red?
(10:59 AM) hibuck2: $PCRCO 1.02
(10:59 AM) hibuck2: $TRIN 2.16 $TRIQE 1.13
(10:59 AM) hibuck2: $TNX 37.18
(10:59 AM) tomthetrader: I like seeing that P/C above one again ..but have we turned back to a bear market ?
(11:00 AM) hibuck2: NYSE A/D -2188
(11:00 AM) tomthetrader: is the double dip underway
(11:00 AM) hibuck2: the big question?
(11:01 AM) tomthetrader: we have put a lot of warnings out there but RISK is high for both camps
(11:02 AM) tomthetrader: those whom can stomach shorting are doing great...those whom cannot are at least not losing money in cash
(11:04 AM) TTTMichael: High yield bonds have held up rather well over the last few days. This suggests to me that there is probably one more rally attempt left in this market. Perhaps into July 4th.
(11:06 AM) tomthetrader: agree
(11:07 AM) redTest: good call to wait til 11 before decding to go long
(11:07 AM) tomthetrader: Thanks Red
(11:07 AM) redTest: trend down day very strong.. Thomas do you have and times for us?
(11:08 AM) tomthetrader: TTOUT til Noon
(11:08 AM) richardt_5: Hello to Gary Van.. he is the gent that got me into trading and told me about TTT
(11:10 AM) eman11: Nice Call Today Tom you are on fire lately.
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(11:12 AM) netherbow1: MEDX solid green all day - not involved
(11:12 AM) redTest: no steve it is 4:56..
(11:14 AM) stevefl_64: ty
(11:23 AM) tomthetrader: Thanks to Gary Van for TTT Support and adding members who enjoy the markets Thank you
(11:24 AM) richardt_5: He went to play golf Tom
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(11:25 AM) tomthetrader: Good for him ..I may join him
(11:25 AM) netherbow1: BGU creeping off lows - too early to enter TOM ?
(11:26 AM) tomthetrader: Yes...If you are bullish ...you can add 10 % now and 20% on the close
(11:26 AM) netherbow1: thxs
(11:26 AM) tomthetrader: But officially I have to play it conservative and to the book and we are in a TREND down day unless news breaks
(11:27 AM) netherbow1: thxs , will wait for you
(11:28 AM) tomthetrader: My goal and purpose for these accounts is to give my adoring members a "different" way to trade the markets using my market timing skills and short term buy and sell indicators ...some will never get it ..those that do "get it" and are not whining about the last call they missed due to someone else...will make hundreds of thousands of dollars over the years
(11:29 AM) tomthetrader: those whom emotionally challenge the markets will end up in .005% money markets wishing they were doing this
(11:31 AM) tomthetrader: I look for edges 24/7 and have been on the short oil / gold ES TF trade for 6 weeks and really nothing has changed except entries and exits ...and that my friends is totally up to you ...good or bad ..I don't get paid for trading everyone's accounts
(11:31 AM) tomthetrader: I feel like no one can give you the guidance I do ...24/7
(11:32 AM) netherbow1: I second that TOM!
(11:32 AM) redTest: we just finished our second brief foray in positive tick territory followed by a sell off.. the bears are in charge.. the long trail for the bulls is closed because of bear activity..
(11:32 AM) redTest: please put you bells on and sing loudly
(11:32 AM) tomthetrader: I am here 24/7 850-329-6745
(11:32 AM) tomthetrader: tomandprisha@msn.com
(11:33 AM) tomthetrader: twitter: tomandprisha
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(11:41 AM) eman11: Sliced through 900 now at LOD, 888 might hapen today.
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(11:50 AM) Freezinalberta: Thanks Tom and Red for your guidance. Keep up the great work.
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(11:55 AM) redTest: i am testing long here with a very small scalp on BGU with a .10 stop
(11:56 AM) berniectx: guts Red!!
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(12:02 PM) redTest: not guts no gory.. stopped 31.56
(12:05 PM) redTest: i think it is the right idea though.. gonna give it another couple ov minutes here.. looks like it might counter trend
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(12:10 PM) redTest: taking another shot at 31.63, .10 stop small load
(12:12 PM) hibuck2: TOM just in case u didn't see /ESZ9 888.50
(12:13 PM) hibuck2: foward contract
(12:14 PM) hibuck2: might not mean anything but funny u said 888 cash i just happen to notice the dec es
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(12:19 PM) redTest: out of my BGU scalp at 31.79
(12:19 PM) redTest: +.06 between the two attempts.. whoppie!
(12:20 PM) Freezinalberta: nice play red, maybe bigger one next. youre still +
(12:21 PM) redTest: y.. i keeps my head in the market.. now we have to see how strong this little countertrend is..
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(12:40 PM) eman11: 900 is becoming strong resistance now
(12:41 PM) tomthetrader: throwing some stuff on the wall is the way a good trader handles this
(12:42 PM) netherbow1: works with spaghetti
(12:42 PM) tomthetrader: support levels testing and the key close below 200DMA
(12:43 PM) tomthetrader: todays' close without a meaningful rally will be of interest to technicians'
(12:44 PM) netherbow1: will it be a negative TOM?
(12:45 PM) netherbow1: a point for the bears if we can't rally ?
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(12:50 PM) eman11: Tom - would a TTT buy signal occur if we hit 888 today?
(12:52 PM) hibuck2: $PCRCO .97
(12:52 PM) hibuck2: $TRIN 2.04 $TRIQE 1.32
(12:52 PM) hibuck2: $TNX 37.08 3.70
(12:53 PM) hibuck2: NYSE A/D -2296
(12:54 PM) hibuck2: $SPX 897.07
(12:57 PM) redTest: thanks hibuck
(12:59 PM) hibuck2: u bet
(1:11 PM) tomthetrader: Tyank you
(1:11 PM) tomthetrader: Thank you
(1:11 PM) tomthetrader: Spell check
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(1:14 PM) tomthetrader: as far as a negative if no raslly : yes ...as far as a TTT Buy signal 1-5 days will trigger if we do get to 888 SPX cash and we will go long there in traders 25% in SSO
(1:19 PM) tomthetrader: if you don't trust my signals or ideas etc...don't pick on one trade or one missed trade ...look at the whole package ...we got short Crude futures here last week at 72.00 and are still holding short
(1:20 PM) tomthetrader: we called the bottom in crude at 34.00 and ran it up it got overdone from 62-72 we shorted
(1:21 PM) tomthetrader: spx we started shorting at 925 -950 and continued shorting til today
(1:21 PM) eman11: If there any day for PPT to ride to the rescue, it would be today
(1:21 PM) tomthetrader: LUCAS GLOVER WINS US OPEN Phil 5th time runner up
(1:22 PM) azags: Tom I have been on vacation but your calls from what I see have been right on
(1:22 PM) tomthetrader: Thanks Zags
(1:22 PM) tomthetrader: I amy take a extended vacation or revamp our format /
(1:23 PM) tomthetrader: How much is Vector Vest ?
(1:23 PM) tomthetrader: maybe I will just get signals from them and send out a e-mail a week /
(1:24 PM) thomas_Poland: VV suck
(1:24 PM) azags: You should be taking credit for your excellent calls rather than being defensive. You have been getting nervous about the market for a few weeks
(1:25 PM) azags: Vector Vest cost I think 500-600 per year
(1:27 PM) Harrod_t: Vector vest is about $60 per month.
(1:27 PM) thomas_Poland: sorry
(1:27 PM) thomas_Poland: VV is a piece of sh...
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(1:28 PM) tomthetrader: WE CALL GET GREEDY AND i THINK WE ALL WISH WE WOULD HAVE BEEN SHORTER INTO A PAYOFF DAY ...FRUSTRATION TAKES MANY FORMS IN TRADING
(1:28 PM) tomthetrader: MOST OF THEM UNBECOMING
(1:28 PM) JR Roden: The 13 EMA on the 5 min DIA chart has been resistance all day.
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(1:35 PM) azags: Tom you have given us the correct big picture of shorting oil and the stock market. When we take profits is up to us
(1:36 PM) eman11: It is very hard to be 100% right and pick the very top or very bottom of trades. If Tom to could to that he would be a Trillionaire. It is more important to have a higher percentage of winning trades than losing trades and I have seen nobody that has been even close to Tom in winning percentage.
(1:36 PM) tomthetrader: Thanks Zags is was more of the insult that we planted late trades on Friday to take advantage of them today which is embarrassing ...and we will move on to our next trade
(1:36 PM) eman11: Remember investing is marathon nota sprint. Thanks Tom and Red for all of your work, It is nice learning from the best Trader in the Business
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(1:37 PM) azags: Tom I was on vacation on Friday and saw that you bought twm at the end of the day
(1:39 PM) Freezinalberta: Tom, I hope to double my investment in 6 to 9 years. Is that an unreasable? Steady gains are my goal.
(1:40 PM) Freezinalberta: buying a small place in phoenix or mazatlan for the winter is also in my plans
(1:40 PM) eman11: Freez- it's not unreasonable at all and highly likely. Thanks to Tom's Guidance I doubled my investment in about 3.5 months
(1:41 PM) thomas_Poland: wow eman
(1:41 PM) thomas_Poland: now you have 10 millions??
(1:41 PM) thomas_Poland:
(1:42 PM) tomthetrader: I think E has followed me more than anyone and is the most representative member of my returns
(1:42 PM) thomas_Poland: come on ... I saw Tom doing stuff other only dream about
(1:42 PM) Freezinalberta: Well then I will invite you all to mexico when I retire for cervasa's. I will start to learn spanish for that time.
(1:42 PM) thomas_Poland: yes .. If I only have balls to go with Tom
(1:43 PM) thomas_Poland: please learn Polish and invite me
(1:43 PM) Freezinalberta: how about ukrainian?
(1:43 PM) thomas_Poland:
(1:44 PM) thomas_Poland: I will learn chinese
(1:44 PM) thomas_Poland: and maybe than i can understand Vector Vest
(1:44 PM) thomas_Poland: as they cannot understand simple english
(1:45 PM) Harrod_t: Vector vest is very good at telling what has or would have worked!!!!
(1:45 PM) thomas_Poland: sorry .. they understood "I want free trial" but could not understand "I do not want to continue"
(1:45 PM) Freezinalberta: So is atilla
(1:46 PM) thomas_Poland: so now I am their marketing department working for free
(1:48 PM) redTest: one warning about land ownership in mexico.. unlike the US or Canada foreigners are not allowed to "own" land within 50KM of the coast or the US boarder.. you have to put your property into a trust.. i am sure you already know this..
(1:49 PM) thomas_Poland: really ?? IN this best free country in the world? You cannot have it
(1:49 PM) thomas_Poland: come on ...
(1:49 PM) thomas_Poland: you Russia now ?
(1:49 PM) thomas_Poland:
(1:49 PM) thomas_Poland: I am just kidding
(1:49 PM) redTest: no mexico law
(1:50 PM) thomas_Poland: you are little better than Russia
(1:50 PM) tomthetrader: GOOG $400 retest
(1:51 PM) TTTMichael: Many stocks are starting to set up.
(1:51 PM) thomas_Poland: a/d line is improving just a little
(1:52 PM) TTTMichael: It is nice to sit back, no stress, and wait for the opportunities.
(1:52 PM) Freezinalberta: Thanks red, Yes I have been reading all about land ownerwhip in Mexico and the trusts. There are thousands of US and Canucks down there and blog quite abit about living there.
(1:54 PM) redTest: y, the weather is hot and the marquitas are cold
(1:55 PM) redTest: Let's go now.. 65 degrees here, raining for about 1 week straight now
(1:56 PM) Freezinalberta: 19 hours of daylight here
(1:57 PM) ajayvee: NYSE A/D -2300 Vol -11:1
(1:57 PM) hibuck2: NYSE A/D -2371
(1:57 PM) redTest: aj wins by 1 second! - lol
(1:57 PM) hibuck2: sory AJ u beat me to it
(1:58 PM) ajayvee:
(1:59 PM) ajayvee: Naz A/D -1835 Vol -7:1
(1:59 PM) ajayvee: RUT A/D -1510 Vol -3.7:1
(2:02 PM) ajayvee: gee, you would think now that the US Open is over the volume would increase
(2:03 PM) redTest: I still think we close on the low of day.. Poll?
(2:03 PM) ajayvee: with a gap down open tomorrow?
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(2:06 PM) redTest: my EOD accuracy is about 40%, my next day opening accuracy? About 10% - lol That is Tom's expertise..
(2:06 PM) redTest: This week strikes me as heavy real-estate news.. green chutes or weeds? I don't know...
(2:09 PM) Alert: Watch Obama signing tobacco regulation bill NOW on News Talk Online in the Radio/TV Section
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(2:13 PM) tomthetrader: I am thinking that the markets won't be able to stay down UNLESS there is a change in character ...today's close will probably satisfy no one
(2:13 PM) tomthetrader: I think that many are still in the Bear market camp
(2:14 PM) tomthetrader: and start to get their courage up ...if they get confidence we can go lower ...but my guess is ....we are at the intermediate term lows from the start of May til the lows today
(2:14 PM) berniectx: any thoughts on FCX down pretty big today -9.86%
(2:16 PM) tomthetrader: FCX a buy
(2:16 PM) tomthetrader: sub 50.00 45.75 - 48.59 best fills
(2:18 PM) tomthetrader: Probably a bounce in here as many fear a rally into FED and many want to short the rally already !
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(2:19 PM) tomthetrader: so the best case for Bulls BUY long in IRA like we will add T very soon again and 4 other high dividend plays
(2:19 PM) thomas_Poland: I don't know why but I think there is good chance we made bottom of the week or will make it tomorrow morning
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(2:19 PM) tomthetrader: then Buy in Inter and short term on todays lows as I do think we rally then selloff and then rally big next week
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(2:21 PM) TTTMichael: What did you say about the market between July 4 and Labor Day???
(2:22 PM) netherbow1: sorry TOM my sound cutting in & out - are there any buys now in here ?
(2:22 PM) tomthetrader: sorry about sound no positions
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(2:22 PM) netherbow1: thxs
(2:22 PM) Fulkdaddy: Tom, do you expect 2nd quarter earnings to be good or bad?
(2:23 PM) redTest: tom just got knocked out of the room
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(2:23 PM) redTest: he will not have seen your message fulk
(2:23 PM) TTTMichael: y
(2:23 PM) pointfisher: y
(2:23 PM) berniectx: y
(2:23 PM) richardt_5: loud and clear here
(2:23 PM) bloomert: audio good
(2:23 PM) netherbow1: clear now
(2:23 PM) ajayvee: good here
(2:24 PM) TTTMichael:
(2:24 PM) Fulkdaddy: Just getting into the room today...Tom, do you expect 2nd Q earnings be beat expectations or miss?
(2:25 PM) Fulkdaddy: 60% of the S&P missed revenue in the 1st quarter...but 2/3 beat EPS due to aggressive cost cutting
(2:25 PM) Fulkdaddy: Cost cutting can only save a company for so long...they will need the revenue for the future...IMHO or they will disappoint
(2:26 PM) Fulkdaddy: Why are the banks getting hit so hard today?
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(2:29 PM) Fulkdaddy: I sent Helene an e mail and she responded with: "The market trend has changed and we go to the 870-890 area where the market will have a little bounce...to be sold into, and then we continue lower
(2:29 PM) tomthetrader: she needs to be right soon ?'
(2:29 PM) tomthetrader: I hope she nails one
(2:29 PM) tomthetrader: she is by her own admission ...off in 2009
(2:29 PM) Fulkdaddy: yes, she readily has admitted she has been dead wrong for 6-7 weeks...
(2:30 PM) tomthetrader: But it is the worst of times for pure technical chartists and pure anything as so many 1st time eer events
(2:30 PM) tomthetrader: 1st time events really hurt confidence in all indicators
(2:31 PM) Fulkdaddy: Zweig is awesome
(2:32 PM) TTTMichael: Tom, please use bold green type face.
(2:32 PM) Fulkdaddy: it helps to know what the GURU's are doing though
(2:33 PM) Fulkdaddy: the only long areas that look good to me are healthcare and Biotech
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(2:34 PM) Fulkdaddy: LEA acting nice, Tom
(2:35 PM) Fulkdaddy: Good job, Tom
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(2:37 PM) tomthetrader: either way we will be prepared Bull or bear...everyone should be satisfied with their position ...ooops going to large green
(2:37 PM) tomthetrader: OK
(2:37 PM) tomthetrader: again
(2:37 PM) tomthetrader: be happy with your current positions ...and we will make a move soon that will get some answers
(2:38 PM) thomas_Poland: a/d quickly improving
(2:38 PM) ajayvee: $TICK making new highs for the day
(2:38 PM) TTTMichael: Very happy owning high yield, like a broken record, and looking at AA and eem.
(2:39 PM) TTTMichael: EEM
(2:40 PM) Alert: ====SECURITY BULLETIN!=======
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Many of these utilities contain trojans that report your nickname and password to the program's creator. We encourage everyone to change their password reguarly, and to uncheck the save password checkbox on the login screen.
If you do this, you will have to enter your password every time you log in, but it is a small price to pay to keep your account and password protected.
(2:45 PM) Fulkdaddy: Michael, High Yield has been like stealing...it has been so easy....my High Yield model is up 24% the last 12 months...and this is for my conservative clients so they are ecstatic
(2:46 PM) Fulkdaddy: Getting close to a sell signal though
(2:47 PM) berniectx: very nice Dave I should become a client
(2:47 PM) Fulkdaddy: If the market falls much further, probably will be stopped out with a wonderful, low risk gain
(2:48 PM) Fulkdaddy: Only if you like 10%/year with 2-3% drawdowns!
(2:49 PM) tomthetrader: vz and t up on a day day = smart money
(2:50 PM) tomthetrader: should reenter in ira
(2:51 PM) tomthetrader: chs chico's could really drop ....
(2:51 PM) tomthetrader: marvell raises 3q revs
(2:52 PM) tomthetrader: aauk rejects bid
(2:53 PM) tomthetrader: 8378.63 50 dma
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(2:58 PM) tomthetrader: 10% moves common in 2-3x short ETF 's and ETN's
(2:58 PM) tomthetrader: BIDU 275.00 Support
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(3:03 PM) TTTMichael: Yes Fulk, one can make a nice living trading high yield with 2-3 switches per year.
(3:04 PM) tomthetrader: crude off 4%
(3:05 PM) tomthetrader: 900 SPX 500 RUT 1410 NDX all psych levels
(3:05 PM) tomthetrader: ALL CHIPS down in SOXX
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(3:11 PM) netherbow1: TOM do you have any opinion on STEC?
(3:13 PM) tomthetrader: Trailing P/E (ttm, intraday): 212.62
(3:14 PM) tomthetrader: a bit too much for now ...perfect for the next rally into Christmas But STEC very dangerous here
(3:14 PM) netherbow1: thxs
(3:14 PM) tomthetrader: COH T VZ PFE possible longs
(3:14 PM) netherbow1: not involved , will take it off screen
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(3:16 PM) tomthetrader: DAVE a good play on the economy and dollar
(3:16 PM) tomthetrader: I have a meeting with the CEO next week here in Tallahassee
(3:17 PM) tomthetrader: 5.66 was my 1st "mud on the wall"
(3:17 PM) Freezinalberta: Tom What is your take on Enbridge. ENB
(3:17 PM) tomthetrader: Might be a good long term play as they have a big expansion plan ...low costs and FEED off the weak economy
(3:18 PM) tomthetrader: ENB is one of my old faves
(3:18 PM) tomthetrader: I owned it in our fund for months in 2007
(3:18 PM) Freezinalberta: Just signed up for another big pipeline for tarsands'
(3:18 PM) netherbow1: are you in DAVE now TOM , unofficially ?
(3:18 PM) tomthetrader: was a takeover type target and a big recommendation of ken Fischer
(3:19 PM) Freezinalberta: made it to forbes this year
(3:19 PM) tomthetrader: Yes netherbow my family account is starting a position and will add here if the meeting goes well with management
(3:19 PM) netherbow1: thxs
(3:20 PM) tomthetrader: we are also looking at ALL on this weakness but have only a 1.5% position
(3:20 PM) tomthetrader: these are two ideas we can push into fall
(3:22 PM) azags: stld was down almost 10% today which is a volatile stock
(3:23 PM) redTest: i added some FCX to IRA @ 45.88
(3:23 PM) netherbow1: STLD was a runner into today - cld have a long way to fall back but their technology is supposed to be unique. Passing on it myself
(3:24 PM) azags: With this pop I am trying to sell to open 100 qld july 38 calls at 1.1. That would be a naked bearish position
(3:25 PM) azags: That symbol is qlagl.
(3:27 PM) eman11: Let's see if PPT can get SPX over 900 by close
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(3:31 PM) redTest: so zags, you are looking for a pop to trigger the naked calls and then a lower open tomorrow to sell out? I guess the question is if you get filled when will you sell?
(3:33 PM) azags: It depends on what happens tomorrow as to whether I will convert it to a covered position or will take profits if there is a gap down. I don't have the position yet. It is trading at 1.05
(3:34 PM) Fulkdaddy: Kass is out of all his trading shorts
(3:34 PM) Fulkdaddy: he is adding to LNC, SLM, MET BAC, HIG PRU
(3:35 PM) tomthetrader: DDM SSO COH T VZ ALL FCX NUE
(3:36 PM) hibuck2: $PCRCO .92
(3:36 PM) hibuck2: $TRIN 1.81 $TRIQE 1.31
(3:36 PM) hibuck2: $TNX 36.93 3.69
(3:36 PM) netherbow1: are we buying anything going into the close TOM ?
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(3:37 PM) hibuck2: NYSE A/D -2366
(3:37 PM) tomthetrader: No, I think those whom are brave can buy DDM at 28.25 but cash is KING Now
(3:37 PM) hibuck2: BAC 11.99
(3:38 PM) netherbow1: thxs
(3:38 PM) tomthetrader: 10% drop and BAC off my recommended short 13.40.
(3:43 PM) tomthetrader: 38.30 BGZ into close stop 38.00
(3:44 PM) tomthetrader: as market should end on LOD
(3:44 PM) tomthetrader: 38.75 target BGZ
(3:46 PM) tomthetrader: attitudes are changing ...with are good signs
(3:47 PM) ajayvee: we are shorting the market at close?
(3:47 PM) tomthetrader: trick now is to keep the money you have
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(3:48 PM) tomthetrader: No AJ I was just posting some BGZ data ...no trades ......
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(3:48 PM) ajayvee: thnx
(3:48 PM) tomthetrader: for those aggressive bearish you can buy BGZ at 38.30 for Bulls you can bujy BGU at the cloe or at the gap down tomorrow
(3:49 PM) tomthetrader: close
(3:51 PM) tomthetrader: here we go
(3:51 PM) tomthetrader: 38.75 taget bgz on close
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(3:51 PM) tomthetrader: target
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(3:53 PM) tomthetrader: 31.25 we will add 10% long BGU Traders...putting in a limit to buy 10% BGU at 31.25
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(3:55 PM) tomthetrader: buy on until 4:15pm then off
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(3:57 PM) swasty: hi
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(3:57 PM) tomthetrader: swasty has been bounced from the group
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(3:58 PM) berniectx: amazing TTT Tom close LOD!!
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redliontrader: filled 10% BGU 31.25 in Traders
(3:58 PM) tomthetrader: Filled BGU got BGZ to high ?
(3:58 PM) ajayvee: filled
(3:58 PM) netherbow1: filled BGU 31.25
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(3:59 PM) derr11: got it @31.24
(3:59 PM) Freezinalberta: 31.25
(3:59 PM) tomthetrader: sold my small BGZ hedge at 38.75
(3:59 PM) JR Roden: Great call.
(3:59 PM) ajayvee: new lows
(4:00 PM) tomthetrader: 893.00
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(4:00 PM) tomthetrader: BGU up to 31.40 for asecond
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(4:01 PM) ajayvee: holding overnite? BGU
(4:01 PM) tomthetrader: yes
(4:01 PM) tomthetrader: through WED
(4:01 PM) ajayvee: thnx
(4:02 PM) tomthetrader: BGU 33.50 target
(4:03 PM) berniectx: thanks all TTT Tom the best!! be careful
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(4:03 PM) tomthetrader: Thank you Bern
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(4:04 PM) tomthetrader: for those in Mutual funds ...you may want to enter Templeton Dragon Fund on the correction
(4:04 PM) netherbow1: thankyou TOM and everyone for posts
(4:04 PM) Fulkdaddy: ticker?
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redliontrader: tdf?
redliontrader: 22.25
(4:06 PM) azags: not much volume 10 day average volume is 86,323
(4:07 PM) Fulkdaddy: China, japan and all other Asia countries
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(4:07 PM) Fulkdaddy: Many are doing a paired trade...long Asia, short US and Europe
(4:07 PM) Fulkdaddy: Asia is where the growth is
(4:07 PM) tomthetrader: Yes ...very good ..
(4:07 PM) azags: I have macsx which has done well this year
(4:07 PM) Fulkdaddy: I like your thoughts...I am just wondering how deep this pullback gets...???
(4:08 PM) tomthetrader: we are at our 875-900 rough area ..it will take a SUPERB MARKET TIMER TO GET A BOTTOM
(4:09 PM) tomthetrader: BGZ exactly on my target !
(4:09 PM) Fulkdaddy: but we have a superb market timer!
redliontrader: 10% Long Traders (BGU), 3% Short Traders (VIX Calls)
(4:09 PM) Fulkdaddy: Coach Tom!
redliontrader: 10% Long Main (POT)
(4:09 PM) ajayvee: lucky us, we have a superb market timer
(4:09 PM) tomthetrader: Thanks Dave and all
redliontrader: 100% Cash IRA
(4:09 PM) tomthetrader: let's go get them tomorrow
(4:09 PM) Fulkdaddy: We are lucky Ajay
