April 12 Performance:
$ 54,000.- profit trading 1000 shares
04/12/02
05:35:26
<rizvi>
g'morning
04/12/02
05:36:07
<G-MAN>
hi
04/12/02
05:47:47
* G-MAN
(Plays Sound: notice.wav) PRE MARKET COMMENTS
04/12/02
05:49:01
<G-MAN>
BOOM, yesterday ibm taketh away, today ibm giveth back...the juice in market. And away we go in some kind of rally.
04/12/02
05:50:23
<rocky>
g-man nice call on ibm
04/12/02
05:50:57
<G-MAN>
I have been warning all week of an low due Thurs or Friday, and perhaps yesterday's panic was that low. As you saw, I was trading a lot of ibm yesterday on long side and even though it was down a lot, I had good profits in my scalps, and carried 30 lots overnight, from ap 84.76.
04/12/02
05:51:36
<G-MAN>
Well, it's trading 2.8 higher and will be a huge hit for me on open.
04/12/02
05:52:06
<G-MAN>
In addition, many other stocks are higher and futures are up 14 on ndx.
04/12/02
05:53:12
<G-MAN>
We could test res at 1370 today, provided sup at 1327-32 holds after open.
04/12/02
05:55:47
<rocky>
Went to bed last night holding everything long did not sleep well
04/12/02
05:56:00
<G-MAN>
how will you sleep tonight
04/12/02
05:56:16
<rocky>
much better
04/12/02
05:56:20
<G-MAN>
don't recommend holding so much that you can't sleep
04/12/02
05:56:29
<rocky>
I know
04/12/02
05:56:59
<G-MAN>
I slept poorly, but only because my burglar alarm went off at 2am and I spent some time with big bertha looking around
04/12/02
05:57:16
<G-MAN>
until the police came and searched around too
04/12/02
05:57:21
<rocky>
adding some more nvda right at the close below 37 looks like that will payoff
04/12/02
05:57:31
<rizvi>
did you improve your driving?
04/12/02
05:57:46
<G-MAN>
big bertha = 12 guage
04/12/02
05:57:51
<G-MAN>
driving?
04/12/02
05:58:09
<rizvi>
with big bertha
04/12/02
05:58:49
<G-MAN>
she's my shotgun
04/12/02
06:00:33
* G-MAN
(Plays Sound: whistle.wav) lg symc 34.60
04/12/02
06:06:41
<G-MAN>
merq looks like bottom in, will buy pullback
04/12/02
06:07:30
<G-MAN>
many stocks look great here, but will wait for 5 up and 3 down that makes higher low to get aggressively long.
04/12/02
06:10:09
* G-MAN
(Plays Sound: applause.wav) sold lg swing ibm on 25 of 30 lots from 84.76 ap, out at 87.70 = +2.94
04/12/02
06:10:57
<rizvi>
why 25?
04/12/02
06:11:06
<G-MAN>
holding 5 lot in case of explosion on open, but will not take much decline to bail, since res is 88, then 90, initially
04/12/02
06:14:18
<eyes>
good morning
04/12/02
06:14:20
<G-MAN>
gm
04/12/02
06:14:47
<sayed>
good morning everyone
04/12/02
06:15:21
<rizvi>
morning
04/12/02
06:19:18
* G-MAN
(Plays Sound: whistle.wav) sht expe 69.07 scalp, and added to swing, ap 68.04
04/12/02
06:19:49
<sayed>
i have orders to short more if it pops
04/12/02
06:19:51
<G-MAN>
back in 10
04/12/02
06:22:11
<sayed>
brb
04/12/02
06:26:53
<hong>
good evening everyone
04/12/02
06:27:46
<ChatMaster>
good morning
04/12/02
06:29:13
<hong>
what are we doing now, wait?
04/12/02
06:30:41
<ChatMaster>
waiting for the bell
04/12/02
06:31:23
<rizvi>
ding ding....
04/12/02
06:31:56
<G-MAN>
even though this will be an up open, there seems to be the need in the pattern for one more slight low
04/12/02
06:32:33
<rocky>
a marketplace bombed in jeruselum any effect on the market?
04/12/02
06:32:59
<G-MAN>
what else is new
04/12/02
06:33:39
<G-MAN>
doubt that it will effect it alone, the whole situation could cause some scare before the weekend that causes selling if morning is strongly up
04/12/02
06:34:31
<zmr>
Trinq .35, lots of buying
04/12/02
06:35:48
<G-MAN>
pullback coming
04/12/02
06:37:02
* G-MAN
(Plays Sound: whistle.wav) sht flir 49.94
04/12/02
06:38:23
<G-MAN>
lg merq and adding down into 32.50, but doubt it will get anywhere close to that
04/12/02
06:39:38
<sayed>
added sht pnra at 68.50
04/12/02
06:40:10
<G-MAN>
pullback in ndx done, now hod for 5 of iii, then test 1334 again for iv, then v up toward 1350 for (1) of bigger rally.
04/12/02
06:41:26
<sayed>
lg symc 34.27
04/12/02
06:41:46
<G-MAN>
lg ibm on scalp 86.99, adding into 85.50 for it's 4th wave correction
04/12/02
06:41:50
* G-MAN
(Plays Sound: whistle.wav) whistle
04/12/02
06:42:58
* G-MAN
(Plays Sound: notice.wav) For those of you that weren't here pre market, I took 2.94 points on a 25 lot of lg ibm from yesterday.
04/12/02
06:43:25
* ChatMaster
(Plays Sound: whistle.wav) ss small amount of MERQ 34.30 , ss brcd 24.00
04/12/02
06:43:28
<rocky>
gman imcl?
04/12/02
06:45:16
<sayed>
sold psft +.28
04/12/02
06:45:16
<zmr>
wtg!
04/12/02
06:46:48
<G-MAN>
remember yesterday, stp 23
04/12/02
06:47:12
* G-MAN
(Plays Sound: whistle.wav) lg q's 33.07
04/12/02
06:47:40
* G-MAN
(Plays Sound: whistle.wav) added lg scalp ibm, ap 86.75
04/12/02
06:47:41
<eyes>
gman, is sebl pattern a reverse gap island ?
04/12/02
06:48:10
<G-MAN>
hold
04/12/02
06:48:26
* G-MAN
(Plays Sound: whistle.wav) added swing lg qcom, ap 34.81
04/12/02
06:49:01
<G-MAN>
oh hourly chart, yes on island rev, nice catch eyes
04/12/02
06:50:01
* G-MAN
(Plays Sound: whistle.wav) added lg symc, ap 34.31
04/12/02
06:50:35
* G-MAN
(Plays Sound: gong.wav) covd expe sht, +.47
04/12/02
06:51:05
* G-MAN
(Plays Sound: whistle.wav) lg vrsn 23.36
04/12/02
06:51:33
<G-MAN>
how about my call for slight new lows,hope y'all sold that rally
04/12/02
06:52:13
* G-MAN
(Plays Sound: whistle.wav) added lg ibm, ap 86.68
04/12/02
06:53:33
* G-MAN
(Plays Sound: whistle.wav) lg chkp 20.29
04/12/02
06:53:52
<zmr>
lg Qs 33.05
04/12/02
06:54:16
<zmr>
jumpy/vol spikes at lod
04/12/02
06:54:40
<G-MAN>
that's a good sign of bottom, huh?
04/12/02
06:54:49
<zmr>
could be
04/12/02
06:55:51
* G-MAN
(Plays Sound: whistle.wav) added lg ibm, ap 86.51, still holding rest of swing ap 84.76
04/12/02
06:56:40
* G-MAN
(Plays Sound: gong.wav) sold merq lg, +.48
04/12/02
06:57:04
* G-MAN
(Plays Sound: whistle.wav) sht merq 35.00
04/12/02
06:57:34
* G-MAN
(Plays Sound: whistle.wav) sht adbe 37.87
04/12/02
06:57:40
<sayed>
sht merq 34.96
04/12/02
06:58:15
* G-MAN
(Plays Sound: gong.wav) sold lg vrsn, +.41
04/12/02
06:59:22
* G-MAN
(Plays Sound: gong.wav) sold 1 of 2 lots symc, +.59
04/12/02
07:00:04
* G-MAN
(Plays Sound: gong.wav) sold lg q's, +.18
04/12/02
07:00:20
<G-MAN>
allowing for another try to downside, so taking profits
04/12/02
07:00:31
<sayed>
sold symc +.50
04/12/02
07:01:37
* G-MAN
(Plays Sound: gong.wav) sold 2 of 5 lots lg ibm scalp, +.39
04/12/02
07:02:12
<sayed>
short flir 59.99
04/12/02
07:02:17
<sayed>
49.99
04/12/02
07:02:23
<G-MAN>
in case it is in 'b' of 4th, and drops toward 85.50 in 'c', where i'll buy
04/12/02
07:02:41
<ChatMaster>
vrts fills gap at 34.50 for C wave or ( alt 3 up). but still chart gap at 31 from november
04/12/02
07:03:07
* G-MAN
(Plays Sound: whistle.wav) sht q's, 33.31
04/12/02
07:03:25
* G-MAN
(Plays Sound: whistle.wav) sold lg chkp, +.29
04/12/02
07:03:28
* G-MAN
(Plays Sound: gong.wav) gong
04/12/02
07:04:27
<G-MAN>
added sht adbe, ap 38
04/12/02
07:04:42
* G-MAN
(Plays Sound: whistle.wav) added sht merq, ap 35.26
04/12/02
07:05:21
<sayed>
adding merq ap 35.25
04/12/02
07:07:03
* G-MAN
(Plays Sound: whistle.wav) added sht q's ap 33.37, adbe ap 38.14, merq 35.42
04/12/02
07:07:15
<sayed>
sold qqq swings +..04
04/12/02
07:07:27
<G-MAN>
nice symc trade earlier
04/12/02
07:07:43
<sayed>
following you
04/12/02
07:07:56
<sayed>
sht qqq 33.42
04/12/02
07:09:05
* G-MAN
(Plays Sound: gong.wav) sold last lot lg symc, +.55
04/12/02
07:09:12
<sayed>
wtg
04/12/02
07:12:05
<G-MAN>
possible island gap in invn in next couple days, holding lg from 30.34
04/12/02
07:14:03
<hong>
what is island gap?
04/12/02
07:15:15
<zmr>
sold lg q's back @ 33.45 +.40
04/12/02
07:15:21
<G-MAN>
wtg
04/12/02
07:15:46
<zmr>
thx
04/12/02
07:16:33
<G-MAN>
goose looks cooked short term, pullback coming, what does trinq say
04/12/02
07:16:39
<zmr>
Trinq settling out around .43, buyers in
04/12/02
07:17:01
<sayed>
once you take merq and ibm out of dow it is negative
04/12/02
07:17:14
<ChatMaster>
mcaf filled gap to 18.50
04/12/02
07:17:19
<G-MAN>
merq not in dow, that is mrk
04/12/02
07:17:36
<sayed>
ohh, thanks
04/12/02
07:18:01
<G-MAN>
1 pt in dow stock = 7 points on dow, so ibm is 21 of dow's 37 points
04/12/02
07:18:20
<G-MAN>
Mr. Trivia, thank you very much
04/12/02
07:18:39
<sayed>
the zen of trading dow
04/12/02
07:19:08
* G-MAN
(Plays Sound: whistle.wav) added sht merq, ap 35.45
04/12/02
07:19:25
<G-MAN>
the 'tao' of dow
04/12/02
07:19:26
<sayed>
u r going to kill merq
04/12/02
07:19:33
<sayed>
lol
04/12/02
07:19:47
<G-MAN>
what, tao?
04/12/02
07:19:53
<sayed>
yes
04/12/02
07:20:00
<G-MAN>
tyvm
04/12/02
07:20:11
<G-MAN>
(thank you very much)
04/12/02
07:21:15
<sayed>
look like venezuela folks did not like the drop in dow yesterday
04/12/02
07:21:40
<G-MAN>
margin calls there really piss people off
04/12/02
07:21:49
<rizvi>
lol
04/12/02
07:22:21
<sayed>
the oil issues can cause further economic issues
04/12/02
07:23:26
<G-MAN>
mr. softie
04/12/02
07:23:34
<G-MAN>
going up
04/12/02
07:23:54
<G-MAN>
msft....easy perverts!
04/12/02
07:25:06
<sayed>
bill's wife told me the company name was not the only thing that was microsoft
04/12/02
07:25:28
<zmr>
LOL!
04/12/02
07:25:37
<G-MAN>
you dated her didn't you
04/12/02
07:25:54
<sayed>
yeah
04/12/02
07:25:58
<sayed>
!!!
04/12/02
07:26:09
<G-MAN>
should have dated him
04/12/02
07:26:14
<G-MAN>
bad trade
04/12/02
07:26:18
<G-MAN>
on your part
04/12/02
07:26:24
<G-MAN>
wrong horse
04/12/02
07:27:05
<sayed>
some horses are not worse riding no matter how fast they go
04/12/02
07:27:18
* G-MAN
(Plays Sound: gong.wav) sold last 3 lots ibm lg scalp, +.23, looks like 'b' of 4
04/12/02
07:27:44
<G-MAN>
admit it, you should have dated him
04/12/02
07:27:57
<kenw>
kw3md jobe
04/12/02
07:28:07
<sayed>
ok, ok, maybe i should have
04/12/02
07:28:22
<kenw>
sorry wrong computer
04/12/02
07:28:22
<G-MAN>
denile...not just river in egypt
04/12/02
07:28:40
<G-MAN>
hey ken, I went long that stuff
04/12/02
07:28:47
<G-MAN>
you owe me
04/12/02
07:28:51
<G-MAN>
100 grand
04/12/02
07:29:16
<kenw>
yeah, good thing there isnt any stock with those symbols
04/12/02
07:29:18
* ChatMaster
(Plays Sound: whistle.wav) ss brcd 24.65
04/12/02
07:29:30
<G-MAN>
if I'm going to keep up this level of humor, the market is going to have to slow down
04/12/02
07:29:49
<G-MAN>
quote from bible
04/12/02
07:29:51
<G-MAN>
?
04/12/02
07:30:06
<eyes>
chatty, brcd at top of 5th of c of 4, right ?
04/12/02
07:30:15
* passter
btc 1 lot EXPE +1.00
04/12/02
07:30:33
<G-MAN>
nice, but what is btc
04/12/02
07:30:37
<G-MAN>
buy to cover
04/12/02
07:30:40
<sayed>
wtg passter
04/12/02
07:30:42
<ChatMaster>
thats my call and note resistance from april 8th
04/12/02
07:30:48
<passter>
y, nice call gman
04/12/02
07:31:04
<ChatMaster>
re: brcd
04/12/02
07:31:10
<G-MAN>
just say covd, we'll know it's a short
04/12/02
07:31:17
<passter>
sorry, habits
04/12/02
07:31:28
<G-MAN>
12 step books
04/12/02
07:31:30
<eyes>
see it, chatty
04/12/02
07:31:35
<passter>
lol
04/12/02
07:31:42
<G-MAN>
here's ibm's 'c' of 4
04/12/02
07:31:56
<G-MAN>
maybe to 85.50
04/12/02
07:34:04
<sayed>
wow, i thought the day was over, it has only been one hour
04/12/02
07:35:39
<G-MAN>
stop bragging
04/12/02
07:35:52
* G-MAN
(Plays Sound: whistle.wav) lg mxim 52.34
04/12/02
07:36:00
<sayed>
i am bored
04/12/02
07:36:13
<G-MAN>
who said ""if you can do it, it's not bragging""
04/12/02
07:36:35
<sayed>
that is deep
04/12/02
07:36:54
<sayed>
cold too!!
04/12/02
07:39:21
<G-MAN>
love that joke
04/12/02
07:39:31
<sayed>
lol
04/12/02
07:40:36
* G-MAN
(Plays Sound: whistle.wav) lg nvda 36.29
04/12/02
07:41:17
* G-MAN
(Plays Sound: whistle.wav) covd sht flir, +.55
04/12/02
07:41:27
<sayed>
cover flir for +.50
04/12/02
07:41:35
<G-MAN>
same instant
04/12/02
07:41:37
<G-MAN>
scary
04/12/02
07:41:43
<G-MAN>
wtg bro
04/12/02
07:42:03
<sayed>
wtg sir
04/12/02
07:42:49
* G-MAN
(Plays Sound: whistle.wav) added sht merq, ap 35.53
04/12/02
07:46:32
<G-MAN>
hi paulbick
04/12/02
07:46:36
<G-MAN>
nice to have you
04/12/02
07:46:59
* passter
covd FLIR +1.20
04/12/02
07:47:13
<G-MAN>
wtg passey
04/12/02
07:47:39
<sayed>
u da man passter
04/12/02
07:47:43
<paulbick>
hi g-man
04/12/02
07:47:44
<passter>
ty
04/12/02
07:47:47
<passter>
sweet calls
04/12/02
07:48:08
<G-MAN>
your huevos, baby, and money
04/12/02
07:48:14
<ChatMaster>
bad print for dollar out of money in flir
04/12/02
07:49:14
<ChatMaster>
vrsn doing aac of C to 25
04/12/02
07:50:59
<G-MAN>
should test 1334 on this push down
04/12/02
07:51:23
<G-MAN>
dow should test 10150 soon
04/12/02
07:51:35
<G-MAN>
10100 is big support
04/12/02
07:51:53
<jerry>
Gman, what do you think 1334 for ndx equals for the q's?
04/12/02
07:51:54
<G-MAN>
must hold or kiss 500 points goodbye
04/12/02
07:52:05
<G-MAN>
hi jerry, welcome
04/12/02
07:52:11
<ChatMaster>
dow did a nice a b c pattern see the 3-3-5 pattern
04/12/02
07:52:20
<G-MAN>
33.20
04/12/02
07:52:29
<jerry>
glad to be here
04/12/02
07:52:58
<G-MAN>
watch, learn, trade, profit
04/12/02
07:53:32
<jerry>
watching, learning, trading, profiting.
04/12/02
07:53:50
<G-MAN>
sweet
04/12/02
07:54:04
<G-MAN>
smart
04/12/02
07:54:19
<hong>
g-man: where can i see the a b c pattern?
04/12/02
07:54:22
<G-MAN>
plenty of time, once you get our game
04/12/02
07:54:59
<ChatMaster>
in the dow? since thursday late from low
04/12/02
07:55:19
<jerry>
so far scalped ibm +.15 mxim +.20 and loaded up on merq ap 35.72
04/12/02
07:55:42
* G-MAN
(Plays Sound: flush.wav) covd sht q's -.03
04/12/02
07:55:51
<ChatMaster>
a up was to 10220, b down to 10170 c up to 10240
04/12/02
07:55:55
<G-MAN>
5 lot
04/12/02
07:56:11
* G-MAN
(Plays Sound: flush.wav) covd sht adbe on 5 lot, -.04
04/12/02
07:58:03
<G-MAN>
not much sellintg
04/12/02
07:59:11
<hong>
is there a FAQ for newbies to refer to?
04/12/02
07:59:59
<G-MAN>
we'll do one hong, good idea
04/12/02
08:00:48
<sayed>
brb
04/12/02
08:01:07
<hong>
g-man: sorry to ask again, any good reference material? Seems that they dont provide any help other than asking me to sign up.
04/12/02
08:03:02
<G-MAN>
training tapes available, online courses coming soon and taking reservations now for only 9 people in first course, 5 seats left, and Masters class in Maui in Fall, maybe Seattle in summer.
04/12/02
08:03:09
<G-MAN>
what do you need?
04/12/02
08:05:16
<hong>
The training tapes you mentioned consist of 3 Video tapes, costing $398- advertized at the website?
04/12/02
08:05:41
<hong>
produced by G-Man?
04/12/02
08:06:22
<hong>
i mean you..
04/12/02
08:06:32
<G-MAN>
unfortunately starring him, too
04/12/02
08:07:04
<hong>
so the video tapes will explain everything?
04/12/02
08:07:05
* G-MAN
(Plays Sound: gong.wav) sold 17 of 22 lots lg sebl from 25.18 ap, +.16 on swing
04/12/02
08:07:16
<jafar>
Stock picking for today?
04/12/02
08:07:34
<G-MAN>
welcome jafar, nice to have you
04/12/02
08:07:41
<G-MAN>
many
04/12/02
08:08:23
<jafar>
for example?
04/12/02
08:08:25
<G-MAN>
so far 18 out of 21 trades have been winners for +4.45 points,
04/12/02
08:08:31
<G-MAN>
look above
04/12/02
08:08:55
<ChatMaster>
Cisco and Brocade have mutually agreed to pursue separate product development paths for the Fibre Channel over IP (FCIP) technology segment,"" the Cisco statement says. ""The
04/12/02
08:09:25
<ChatMaster>
Now the two firms are in a race to build the first next-generation SAN switch -- Brocade on its own, and Cisco via its Andiamo Systems Inc. spinoff (
04/12/02
08:10:05
<G-MAN>
expe, merq, vrsn, ibm, qqq, adbe, nvda, flir to name a few
04/12/02
08:10:33
<G-MAN>
bailed too early on sht q's
04/12/02
08:10:56
<jerry>
merq falling
04/12/02
08:11:01
<G-MAN>
here's my support level
04/12/02
08:11:24
<zmr>
did look like they were going to brk up over 33.40
04/12/02
08:11:34
<G-MAN>
lg q's 33.25, adding lower, lg ibm again 86.60, adding lower
04/12/02
08:11:36
<sayed>
cover qqq +.18 two lots
04/12/02
08:12:07
<G-MAN>
nice
04/12/02
08:12:16
<sayed>
cover two lots pnra for ++.81
04/12/02
08:12:21
* G-MAN
(Plays Sound: whistle.wav) added lg nvda, ap 36.16
04/12/02
08:12:25
<G-MAN>
really nice
04/12/02
08:12:26
<jerry>
gman, if you won them all it would not be any fun right?
04/12/02
08:12:47
<G-MAN>
no, still fun
04/12/02
08:13:04
<G-MAN>
but not humbling
04/12/02
08:13:15
<G-MAN>
we all need humility, some more than others
04/12/02
08:13:21
<jerry>
lol
04/12/02
08:14:17
* G-MAN
(Plays Sound: gong.wav) covd 3 of 8 lots sht merq, +.36
04/12/02
08:15:21
<jafar>
What do you recommend to buy now?
04/12/02
08:15:58
<G-MAN>
never do that, only show you what I do. You must decide what's right for you.
04/12/02
08:16:10
<G-MAN>
lg = buy long
04/12/02
08:16:18
<G-MAN>
sht = sell short
04/12/02
08:16:29
<G-MAN>
covd = cover a short
04/12/02
08:16:37
<G-MAN>
sold = sold a long
04/12/02
08:16:42
<passter>
gman, is your stop on FFIV still 13.75 area?
04/12/02
08:16:44
<G-MAN>
look above
04/12/02
08:16:50
<jerry>
covd 10 lot on merq +.50
04/12/02
08:17:08
<sayed>
nice jerry
04/12/02
08:17:24
* G-MAN
(Plays Sound: applause.wav) jerry, that's great
04/12/02
08:18:04
<G-MAN>
passter, probably no stp now, just adding, it's close to done
04/12/02
08:18:08
<paulbick>
g-man how long u been doin this?
04/12/02
08:18:17
<passter>
k
04/12/02
08:18:20
<G-MAN>
18 years
04/12/02
08:18:32
<paulbick>
k
04/12/02
08:18:38
* G-MAN
(Plays Sound: whistle.wav) added lg ibm, ap 86.51
04/12/02
08:18:55
<G-MAN>
in business, 5 years teaching traders
04/12/02
08:18:55
<sayed>
lg ffiv, 14.34
04/12/02
08:19:40
<G-MAN>
http://www.wavetrack.com/downloads/bunews.htm ...here's an article on me in stocks magazne
04/12/02
08:19:49
<paulbick>
cool
04/12/02
08:19:51
<paulbick>
thanxs
04/12/02
08:20:20
<jafar>
How can I see the Stock list for today?
04/12/02
08:20:53
<G-MAN>
if you want to see my cnbc interview, it's on the front page of www.lazydaytrader.com click on the bald guy
04/12/02
08:21:13
<paulbick>
ok
04/12/02
08:21:25
<G-MAN>
jafar, look in the log above, use the scroll bar at the right of this window, left of member list
04/12/02
08:21:39
<AL>
GM do you think FFIV is at November support ?
04/12/02
08:22:41
* G-MAN
(Plays Sound: gong.wav) covd sht merq on 5 lot, +.14
04/12/02
08:22:53
<sayed>
nice
04/12/02
08:23:45
<G-MAN>
potential double bottom in vrsn between 25 and 23, if holds, 40 is target
04/12/02
08:24:33
<G-MAN>
13.75 late Oct support
04/12/02
08:25:31
<jerry>
gman, which ecn do you perfer?
04/12/02
08:25:52
<G-MAN>
island is my only one
04/12/02
08:26:42
<jerry>
do you use isld for ibm and q's?
04/12/02
08:27:10
* G-MAN
(Plays Sound: whistle.wav) added lg ibm ap 86.43, q's ap 33.17, mxim ap 52.15
04/12/02
08:27:16
<ChatMaster>
psft in a 5th down to the top of gap
04/12/02
08:27:55
<G-MAN>
another 3 wave rally fails to develop into 5 waves, therefore corrective and new lows coming now
04/12/02
08:29:19
<G-MAN>
to get on list to receive our weekend market letter, go to http://www.wavetrack.com/users/ and register
04/12/02
08:31:07
<sayed>
gman, is that a service that is part of chat room fees or is it separate?
04/12/02
08:32:07
* G-MAN
(Plays Sound: whistle.wav) added lg nvda, ap 35.82
04/12/02
08:32:20
<G-MAN>
free for now
04/12/02
08:32:32
<paulbick>
for now?
04/12/02
08:33:03
<rocky>
g-man what about imcl
04/12/02
08:33:04
* G-MAN
(Plays Sound: whistle.wav) added lg ibm, ap 86.22
04/12/02
08:33:48
<G-MAN>
can now test 19.50, then gap at 17, risky
04/12/02
08:34:46
* G-MAN
(Plays Sound: whistle.wav) lg nvls 47.74
04/12/02
08:35:09
* G-MAN
(Plays Sound: whistle.wav) lg klac 63.02
04/12/02
08:35:35
* G-MAN
(Plays Sound: whistle.wav) lg amat 49.70
04/12/02
08:36:12
* G-MAN
(Plays Sound: whistle.wav) lg intc 28.30
04/12/02
08:36:19
<G-MAN>
see a pattern here
04/12/02
08:37:13
<sayed>
you expecting a rally
04/12/02
08:38:28
<ChatMaster>
semi conduct. IBIS near a corrective bottom at 10-10.50 target to upside 18.00
04/12/02
08:38:53
<G-MAN>
lok closer
04/12/02
08:38:55
<G-MAN>
look
04/12/02
08:39:07
<G-MAN>
where am I expecting it
04/12/02
08:39:56
<jerry>
transports? ;)
04/12/02
08:42:08
<jerry>
sold nvda scalp +.20 8 lots
04/12/02
08:42:12
<rocky>
gman imcl jump back in
04/12/02
08:42:17
<rocky>
got stopped out
04/12/02
08:42:33
<rocky>
also nvda got stopped out
04/12/02
08:43:04
<sayed>
gman, you expect a ndx rally
04/12/02
08:44:31
<G-MAN>
nice jerry
04/12/02
08:45:40
<sayed>
adding to expe shts ap 67.61
04/12/02
08:46:17
* G-MAN
(Plays Sound: whistle.wav) added lg ibm, ap 86.05
04/12/02
08:46:41
<G-MAN>
imcl going to 19.50 min
04/12/02
08:47:02
<G-MAN>
but risky play either direction from here
04/12/02
08:47:10
<paulbick>
take it easy
04/12/02
08:47:19
<paulbick>
see u mon
04/12/02
08:47:26
<G-MAN>
thanks for coming
04/12/02
08:48:03
<sayed>
lg qqq 33.07
04/12/02
08:49:16
* G-MAN
(Plays Sound: gong.wav) covd sht swing mtec, +1.07
04/12/02
08:49:32
<jerry>
wtg
04/12/02
08:52:27
<sayed>
my mtec shts were covered yesterday after i left
04/12/02
08:52:36
<walt>
hi g-man, what you suggest, is merq now ok for entering long?
04/12/02
08:53:01
<G-MAN>
+ 6.47 points so far scalping, +3.79 swings....not including my ibm home ron
04/12/02
08:53:03
<G-MAN>
run
04/12/02
08:53:46
<sayed>
that one was out of the park, into the pond
04/12/02
08:54:10
<walt>
hi g-man, what you suggest, is merq long for now a good deal?
04/12/02
08:55:10
<G-MAN>
havn't had one like that since my sht intc a few years ago the day they warned in after hours, and it opened -14 points
04/12/02
08:55:26
<sayed>
wow
04/12/02
08:55:39
<G-MAN>
or my lg of plug just before joe kernan hyped it and I took 28 points in 30 minutes
04/12/02
08:55:43
<G-MAN>
those were the days
04/12/02
08:57:09
<eyes>
.. and u are not recommending people target those home runs, are u ?
04/12/02
08:57:56
<G-MAN>
I didn't target them, just good karma coming back around for helping you all
04/12/02
08:58:09
<G-MAN>
ibm included
04/12/02
09:00:59
<zmr>
GMan-you get a 5 cnt down from hod?
04/12/02
09:02:08
* passter
covd MTEC +1.23 1 lot
04/12/02
09:02:20
<sayed>
wtg
04/12/02
09:03:19
<G-MAN>
passey, awesome
04/12/02
09:03:27
<passter>
ty
04/12/02
09:03:50
<G-MAN>
zmr, yes
04/12/02
09:04:07
<sayed>
sold qqq +.22, 2 lots
04/12/02
09:04:48
* G-MAN
(Plays Sound: gong.wav) sold 1 of 2 klac, +.34
04/12/02
09:04:57
<sayed>
add expe shts at 69.0
04/12/02
09:05:53
* G-MAN
(Plays Sound: gong.wav) sold 3 of 5 lg nvda, +.57
04/12/02
09:06:14
* G-MAN
(Plays Sound: gong.wav) sold 1 of 2 amat, +.36
04/12/02
09:07:44
* G-MAN
(Plays Sound: whistle.wav) sht flir 49.02
04/12/02
09:08:11
<zmr>
would seem NDX should not croxx above ~1340 to maintain dnwd mom
04/12/02
09:08:13
<sayed>
added sht merq, ap 35.41
04/12/02
09:08:57
<G-MAN>
already bounce too high, think it' s in a zigzag, to 1355
04/12/02
09:09:09
<zmr>
yep
04/12/02
09:09:21
* G-MAN
(Plays Sound: whistle.wav) sht merq 35.91
04/12/02
09:09:37
<walt>
g-man what's about intc, it's rising?
04/12/02
09:14:31
<G-MAN>
I'm long already
04/12/02
09:14:39
<G-MAN>
are you
04/12/02
09:15:02
* G-MAN
(Plays Sound: gong.wav) sold last lot amat, +.49
04/12/02
09:17:11
<walt>
g-man you take alway 1000 shares, and a lot is 100, is that ok?
04/12/02
09:17:25
* G-MAN
(Plays Sound: gong.wav) sold 3 of 5 lots lg q's, +.21
04/12/02
09:17:59
<G-MAN>
I enter in 100 share lots usually, never in 1000's
04/12/02
09:21:31
* G-MAN
(Plays Sound: gong.wav) sold lg beas swing, +.65
04/12/02
09:21:42
<G-MAN>
hi rayford, welcome aboard
04/12/02
09:21:52
<rayford>
Thanks
04/12/02
09:22:16
* G-MAN
(Plays Sound: gong.wav) sold 1 of 2 lots lg mxim, +.69
04/12/02
09:24:08
* G-MAN
(Plays Sound: notice.wav) http://www.wavetrack.com/users/ is sign up page for our 2nd weekend market report due out this Sunday.
04/12/02
09:24:18
<G-MAN>
don't miss out
04/12/02
09:25:06
<G-MAN>
your info is not sold or rented, we only use it to specifically meet your trading needs
04/12/02
09:25:15
<G-MAN>
I promise
04/12/02
09:26:11
* G-MAN
(Plays Sound: whistle.wav) added back lg nvls, ap 47.55
04/12/02
09:27:46
<sayed>
added to pnra sht at 66.75, ap 66.98
04/12/02
09:27:48
<zmr>
hows NDX lookin to ya?
04/12/02
09:28:02
<sayed>
brb
04/12/02
09:28:19
<G-MAN>
choppy, that's why lightened up in lg q's
04/12/02
09:30:19
<zmr>
yes-could go either way now, Trinq .62, lends some weight to upside...
04/12/02
09:31:00
* G-MAN
(Plays Sound: whistle.wav) added lg q's, ap 33.27
04/12/02
09:31:14
<zmr>
maybe sideways Triangle today so far-narrowing down
04/12/02
09:31:40
<G-MAN>
little a-b-c 4th in ndx
04/12/02
09:32:42
<zmr>
not down-but coming to pt soon
04/12/02
09:33:13
* G-MAN
(Plays Sound: notice.wav) beas in v of 1 or A now, buying pullback toward 11.25
04/12/02
09:40:55
* G-MAN
(Plays Sound: whistle.wav) sht beas on scalp 11.76
04/12/02
09:44:51
* G-MAN
(Plays Sound: gong.wav) sold 1 of 2 lots nvda lg, +.34
04/12/02
09:45:02
<G-MAN>
patiently making money
04/12/02
09:45:25
<sayed>
nice
04/12/02
09:45:36
<ChatMaster>
eyes got you
04/12/02
09:52:14
<ChatMaster>
beas looks more like in a C wave to me now from 11.25
04/12/02
09:53:06
<ChatMaster>
still a short
04/12/02
09:55:40
<G-MAN>
forgot to post my sht ebay 53.42
04/12/02
09:56:12
* G-MAN
(Plays Sound: gong.wav) sold last lg mxim lot, +.37
04/12/02
09:56:40
* G-MAN
(Plays Sound: whistle.wav) added sht beas, ap 12.01
04/12/02
09:57:22
* G-MAN
(Plays Sound: gong.wav) sold 3 of 4 lots lg q's, +.12
04/12/02
09:57:26
<sayed>
added more expe sht ap 68.17
04/12/02
09:58:12
* G-MAN
(Plays Sound: whistle.wav) sht expe 69.06
04/12/02
09:58:19
<eyes>
ss beas 12.08
04/12/02
10:00:46
* G-MAN
(Plays Sound: whistle.wav) added klac lg, ap 62.82
04/12/02
10:02:08
* G-MAN
(Plays Sound: whistle.wav) added lg nvls, ap 47.44, lg amat 49.88
04/12/02
10:06:07
<G-MAN>
so boring
04/12/02
10:07:02
* G-MAN
(Plays Sound: knock.wav) anyone have a question or comment before I go to gym for an hour?
04/12/02
10:07:10
* G-MAN
(Plays Sound: knock.wav) knock
04/12/02
10:07:13
* G-MAN
(Plays Sound: knock.wav) knock
04/12/02
10:07:30
<sayed>
i am watching my toe nails grow
04/12/02
10:07:50
<G-MAN>
do you have a web cam you can broadcast it on
04/12/02
10:07:56
<jerry>
sure, when you go to the gym do you have stops in place?
04/12/02
10:08:06
<G-MAN>
no
04/12/02
10:08:15
<ChatMaster>
JCI up in a B wave
04/12/02
10:08:19
<sayed>
he lives on the edge
04/12/02
10:08:27
<G-MAN>
it'd make me too nervous to workout
04/12/02
10:08:43
<G-MAN>
chatty is here to watch the store
04/12/02
10:08:44
<jerry>
still lond ibm?
04/12/02
10:08:48
<jerry>
long
04/12/02
10:08:58
<G-MAN>
scalp and swing...yes
04/12/02
10:09:22
<hong>
Still maintaining long position on nvls and intc?
04/12/02
10:09:46
<jerry>
chatty in in your room, or does he have trading access to your account?
04/12/02
10:12:09
<G-MAN>
absolutely, at the moment
04/12/02
10:12:43
<G-MAN>
chattysits on my lap
04/12/02
10:12:56
<G-MAN>
almost
04/12/02
10:13:05
<G-MAN>
actually, next desk
04/12/02
10:13:13
<ChatMaster>
wait a minute
04/12/02
10:13:23
<jerry>
haha
04/12/02
10:13:45
<eyes>
chatty, gman ..... look above u, u are on candid camera !!
04/12/02
10:13:58
<hong>
g-man: did you answer my question?
04/12/02
10:14:27
<G-MAN>
I said absolutely, at the moment
04/12/02
10:14:33
<hong>
ok
04/12/02
10:14:33
<G-MAN>
that was for you hong
04/12/02
10:15:21
* G-MAN
(Plays Sound: gong.wav) covd sht expe on 3 lot, +.24
04/12/02
10:15:46
<G-MAN>
hong, see it
04/12/02
10:16:54
<G-MAN>
okay, off to gym, chatty has the controls
04/12/02
10:18:49
<ChatMaster>
ndx seems to be making a C wave so 1350 will be my target
04/12/02
10:21:47
<eyes>
chatty, are u saying ndx since yesterday's low is a 3-up ""a"", 3-down ""b"", now a 5-up ""c""?
04/12/02
10:22:22
<ChatMaster>
yes that is how i see it
04/12/02
10:22:53
<ChatMaster>
the nice abc at first sucks you thinking it is complete
04/12/02
10:23:34
<eyes>
so after 3-3-5 up, the next move ""should"" be down below yesterday afternoon's lod?
04/12/02
10:25:08
<ChatMaster>
should do that
04/12/02
10:29:24
<G-MAN>
hi cook, welcome aboard
04/12/02
10:29:47
<sayed>
u back already?
04/12/02
10:29:54
<G-MAN>
didn't go yet
04/12/02
10:29:56
<cook>
Hi... I'm new and lost
04/12/02
10:29:58
<G-MAN>
addicted
04/12/02
10:30:03
<G-MAN>
can
04/12/02
10:30:11
<G-MAN>
can't find my 12 step book
04/12/02
10:30:24
<G-MAN>
and sht flir
04/12/02
10:30:27
<sayed>
me niether
04/12/02
10:30:28
<G-MAN>
tanking
04/12/02
10:30:30
<jerry>
baby steps toward the gym
04/12/02
10:30:41
<G-MAN>
laughing
04/12/02
10:31:06
<cook>
Are you watching ndx hourly?
04/12/02
10:31:08
<G-MAN>
cook, that's normal, just try to watch the trades and check charts to see why
04/12/02
10:31:27
<G-MAN>
2 min, 5, 15, 60 min, and daily
04/12/02
10:31:49
<jerry>
what happened to ibm the past 10 min?
04/12/02
10:32:04
<G-MAN>
also, my achilles tendon is tight and trying to loosen it before
04/12/02
10:32:17
<G-MAN>
dropped
04/12/02
10:32:30
<G-MAN>
?
04/12/02
10:33:18
<jerry>
spike from .50 to .95 then and back.
04/12/02
10:33:44
<G-MAN>
IMO ibm is bottoming a huge move down into this area of price to I'm not too worried about it, even if down to 84-82, initial target = 96, then 105 for my swings
04/12/02
10:34:18
<G-MAN>
remember jerry, there's barely any volume this time of day, so little money can move lots of ticks
04/12/02
10:34:38
<jerry>
tnx
04/12/02
10:35:19
* G-MAN
(Plays Sound: gong.wav) covd 1 of 2 sht flir lots, +.59
04/12/02
10:37:29
<jerry>
would you buy ibm 100 calls (cheap for may .25)
04/12/02
10:38:29
<zmr>
Trinq .666 Yikes!
04/12/02
10:39:04
<G-MAN>
what zmr
04/12/02
10:39:27
<ChatMaster>
first off what month?
04/12/02
10:39:31
<zmr>
all sixes...
04/12/02
10:39:48
<jerry>
May
04/12/02
10:39:54
<zmr>
Trinq been steady for some time about .6
04/12/02
10:41:02
<richs>
q...zmr...if I understand correctly ...as long as Trinq is below 1.0 then there is a bullish tone to the market?
04/12/02
10:41:03
<ChatMaster>
jerry first off most options expire worthless so a plan to avoid that trap would precude me from buying any option so far out of the money
04/12/02
10:41:19
<ChatMaster>
""preclude""
04/12/02
10:42:37
<zmr>
yes richs
04/12/02
10:43:49
<marte>
just logged in....how has trading been today? Profitable?
04/12/02
10:45:37
<sayed>
slow and boring
04/12/02
10:46:25
<zmr>
zzzzzzzzzzzzzzzz...a snoozer after 1st couple hrs
04/12/02
10:46:35
<ChatMaster>
2 moves generally so far and sides ways
04/12/02
10:47:05
<sayed>
of course the first hour took about three hours
04/12/02
10:47:29
<marte>
I hope summer doldrums aren't early this year
04/12/02
10:52:52
<cook>
How can I learn about your abbreviations?
04/12/02
10:55:27
<ChatMaster>
which one. we've thought about putting up a RAQ page to include the commoon items like that
04/12/02
10:57:41
<ChatMaster>
that should read FAQ
04/12/02
10:57:51
<cook>
After checking more carefully, most of the confusion was misunderstanding the lowercase stock tickers
04/12/02
10:58:37
<ChatMaster>
i try to cap especially if i am trying to emphasize
04/12/02
10:58:54
<cook>
the rest is mostly elliott wave positions, shorts, longs and I'm not clear on all the numbers which aren't prices...
04/12/02
10:59:04
<cook>
movement amounts?
04/12/02
11:06:53
<ChatMaster>
we use Elliott wave term a lot as that is our primary pattern recognition method
04/12/02
11:07:20
<ChatMaster>
the numbers are the wave labels we attach
04/12/02
11:10:39
<ChatMaster>
we will put in brief rationals to the moves here and then but it isnt that easy to explain in one sentence on a chat
04/12/02
11:11:01
<cook>
I understand wave numbers and letters, I'm talking about fractional parts....
04/12/02
11:11:25
<cook>
percentage retracements?
04/12/02
11:11:55
<ChatMaster>
We do plan on offering online classes and of course Gman has the video tape series that takes one through Elliott from a trading perspective
04/12/02
11:12:28
<ChatMaster>
retacements are a Fibonacci idea that works nicely
04/12/02
11:12:54
<cook>
Is that what I've been reading here, then?
04/12/02
11:13:53
<ChatMaster>
Dont know specifically but we use percent numbers as 38 62 78 %%
04/12/02
11:14:01
<G-MAN>
back
04/12/02
11:14:19
* G-MAN
(Plays Sound: gong.wav) covd last lot sht flir, +.67
04/12/02
11:14:48
<zmr>
1350 to Hold rally?
04/12/02
11:15:09
<G-MAN>
1355 if it's going to hold
04/12/02
11:15:37
* G-MAN
(Plays Sound: whistle.wav) added sht ebay ap 53.58 and merq ap 36.13
04/12/02
11:16:04
<G-MAN>
I'll sell longs with profits into it
04/12/02
11:16:44
<zmr>
just sold Q's for +.24
04/12/02
11:16:50
* G-MAN
(Plays Sound: gong.wav) sold lg q's, +.25
04/12/02
11:17:22
<marte>
gman, how many scalps per day on average?
04/12/02
11:17:39
* G-MAN
(Plays Sound: gong.wav) sold 3 of 4 lots lg klac, +.32
04/12/02
11:17:50
<G-MAN>
around 50
04/12/02
11:17:55
<marte>
thx
04/12/02
11:18:15
* G-MAN
(Plays Sound: whistle.wav) sht q's 33.57
04/12/02
11:18:42
<marte>
last ? if you don't specify swing it's a scalp, correct?
04/12/02
11:18:54
* G-MAN
(Plays Sound: whistle.wav) added ibm lg, ap 85.87
04/12/02
11:19:28
<G-MAN>
uaually, sometimes I make it swing as I become more clear in it's pattern and potential move
04/12/02
11:19:48
<marte>
ok
04/12/02
11:20:11
* G-MAN
(Plays Sound: gong.wav) sold 5 of 6 lots nvls, +.39
04/12/02
11:20:28
<G-MAN>
ndx overbought on 2, 5, 15 minute charts
04/12/02
11:21:22
* G-MAN
(Plays Sound: gong.wav) sold 1 of 2 lots lg amat, +.24
04/12/02
11:21:37
<eyes>
qcom popping
04/12/02
11:22:20
<cook>
qcom
04/12/02
11:22:24
* G-MAN
(Plays Sound: whistle.wav) added sht merq, ap 36.29
04/12/02
11:22:28
<sayed>
merq is nutz
04/12/02
11:23:00
<G-MAN>
stubborn
04/12/02
11:23:57
<sayed>
we might have to swing this one
04/12/02
11:24:12
<G-MAN>
always prepared to do that
04/12/02
11:24:41
<marte>
when merq breaks it will be hard and fast.
04/12/02
11:24:44
<cook>
15
04/12/02
11:24:51
<G-MAN>
coul dget to 38 area, so plan for it or bail
04/12/02
11:25:07
<G-MAN>
what is that cook?
04/12/02
11:25:19
<cook>
sorry... wrong keyboard
04/12/02
11:27:32
<G-MAN>
ndx probably in tiny 4th and new hod coming
04/12/02
11:30:13
* G-MAN
(Plays Sound: notice.wav) score: +17.31 points on scalps, +4.42 swings = 21.73 total
04/12/02
11:30:18
<cook>
when you said sht q's, that was the qqq, yes? why sht q if ndx has new hod coming?
04/12/02
11:31:00
<eyes>
gman .... u msg is missing a digit sometimes, eg I see ""swings = 1.73 total""
04/12/02
11:31:13
<G-MAN>
yes, qqq, and I believe the move is almost over, I like to scale into and out of positions
04/12/02
11:31:19
<G-MAN>
okay, +21.73
04/12/02
11:31:30
<G-MAN>
don't know why it does that
04/12/02
11:31:39
<G-MAN>
if anything looks funny, just ask
04/12/02
11:31:49
<G-MAN>
here comes the hod in ndx
04/12/02
11:31:49
<cook>
thx
04/12/02
11:31:57
<G-MAN>
I'll add to q's
04/12/02
11:32:29
<chap>
what is hod?
04/12/02
11:32:56
<sayed>
sold sebl swing +.30
04/12/02
11:32:57
<G-MAN>
remember, I was lg q's and have taken lots of profits in that long move,
04/12/02
11:33:00
<G-MAN>
nice
04/12/02
11:33:03
<G-MAN>
high of day
04/12/02
11:33:28
<sayed>
added t expe shorts ap 68.40
04/12/02
11:33:41
* G-MAN
(Plays Sound: whistle.wav) added sht q's, ap 33.66
04/12/02
11:34:15
* G-MAN
(Plays Sound: whistle.wav) sht expe 69.65
04/12/02
11:35:09
<hong>
sold 2 lot nvls +0.41 (incl commission 0.2)
04/12/02
11:35:16
* G-MAN
(Plays Sound: gong.wav) sold last klac, +.64 and last amat lg +.40
04/12/02
11:35:56
<G-MAN>
nice hong, you don't have to net out your commissions, since everybody pays them, just the prices are fine
04/12/02
11:36:55
* G-MAN
(Plays Sound: gong.wav) sold nvda lg +.37, and nvls +.18
04/12/02
11:38:01
<G-MAN>
picture me trading like a pendulum, I hold some longs and some shorts most of the time, and as the markets move toward one extreme, I exit those that benefited and enter those that got hurt, and vis versa.
04/12/02
11:38:49
<G-MAN>
ndx finished little 5 of 'c' of C and could pull back toward 1338 initially, then 1328, then lod. IMO
04/12/02
11:39:27
<sayed>
a sell off would be logical prior to the weekend
04/12/02
11:39:50
<eyes>
full moon in about an hour ?
04/12/02
11:40:07
* G-MAN
(Plays Sound: gong.wav) sold 3 of 13 lots ibm scalp, +.25
04/12/02
11:40:58
<G-MAN>
yes, and into the close to nail the low of the trend into the ""new"" moon, not full moon.
04/12/02
11:41:05
<G-MAN>
eyes, where did you get the time for it
04/12/02
11:41:20
<cook>
can you explain ""scalp"" please?
04/12/02
11:41:44
<eyes>
I thought I saw it in Hochberg's newsletter in the last few days
04/12/02
11:41:54
<G-MAN>
scalp is a trade that I intend to hold for 2 hours to 2 weeks
04/12/02
11:42:14
<cook>
thx
04/12/02
11:42:14
<G-MAN>
sorry, that is a swing, scalp is a trade I intend to hold for 20 minutes to 2 days
04/12/02
11:42:27
<cook>
got it
04/12/02
11:42:42
<G-MAN>
just duration difference, all the same analysis steps go into each
04/12/02
11:43:17
* G-MAN
(Plays Sound: whistle.wav) added sht ebay, ap 53.83
04/12/02
11:43:43
<cook>
ebay scalp or swing?
04/12/02
11:44:08
<eyes>
ss beas, ap 12.11
04/12/02
11:45:20
* G-MAN
(Plays Sound: gong.wav) sold 10 lots of 20 qcom swing lg, +1.13
04/12/02
11:45:43
<G-MAN>
ebay probably swing, unless it tanks into close
04/12/02
11:46:16
<G-MAN>
that was a home run for me
04/12/02
11:46:26
<G-MAN>
any hugs out there
04/12/02
11:46:28
<G-MAN>
?
04/12/02
11:46:34
<sayed>
xxx
04/12/02
11:46:39
<sayed>
oooo
04/12/02
11:46:48
<G-MAN>
thanks, like kisses and hugs
04/12/02
11:47:00
<G-MAN>
and not afraid to say so
04/12/02
11:47:01
* eyes
(Plays Sound: gong.wav) 2 homeruns in a day !!!
04/12/02
11:47:11
<G-MAN>
ibm = grand slam
04/12/02
11:47:55
<sayed>
you are doing great since you joined this chat room gman
04/12/02
11:48:00
<G-MAN>
by the way, since I used very large size in ibm swing, I have not counted it in my score, but you can do the math
04/12/02
11:48:02
<sayed>
lol
04/12/02
11:48:11
<G-MAN>
thanks, I am here to learn
04/12/02
11:48:18
<sayed>
lol
04/12/02
11:48:22
<G-MAN>
need all the help I can get
04/12/02
11:48:32
<sayed>
i definitely do
04/12/02
11:49:26
<ChatMaster>
SBUX at all time high
04/12/02
11:50:02
* G-MAN
(Plays Sound: gong.wav) sold msft swing, 5 lots of 10, +1.4
04/12/02
11:50:09
<G-MAN>
another homer
04/12/02
11:50:41
<sayed>
very nice
04/12/02
11:50:43
<eyes>
gman, u must be sensitive to the moon or something
04/12/02
11:51:04
<sayed>
i got a couple of homers too
04/12/02
11:51:11
<sayed>
homer simson
04/12/02
11:51:39
<sayed>
nem may become nice too me here
04/12/02
11:51:49
<G-MAN>
talk to me about them, nothing make me more proud than when you guys well
04/12/02
11:52:18
<G-MAN>
still sht nem 27.95
04/12/02
11:52:36
<sayed>
27.65 for me
04/12/02
11:53:03
<G-MAN>
shut up!
04/12/02
11:53:05
<G-MAN>
really
04/12/02
11:53:19
<G-MAN>
you are kicking my ass
04/12/02
11:53:31
<G-MAN>
is that your total or just swings
04/12/02
11:54:04
<sayed>
27.65 is my nem price!!
04/12/02
11:54:32
<sayed>
i am only 4.0 points so far
04/12/02
11:54:37
<G-MAN>
excuse me, thought you were up that today
04/12/02
11:54:39
<eyes>
good thing u weren't talking ibm price .... lol
04/12/02
11:54:58
<G-MAN>
4 points is kickin it as well
04/12/02
11:55:02
<sayed>
i am going to be quiet for a while
04/12/02
11:55:04
<G-MAN>
what's your ibm price
04/12/02
11:55:24
<sayed>
i don't have ibm
04/12/02
11:55:41
<sayed>
got taken out after market yesterday +.50
04/12/02
11:57:30
<G-MAN>
that's okay
04/12/02
11:58:22
<jerry>
covd merq for +.20
04/12/02
11:58:48
<G-MAN>
nice jerry
04/12/02
12:00:51
* G-MAN
(Plays Sound: gong.wav) sold last swing ibm 5 lots, +.35, but now holding scalps from today
04/12/02
12:01:01
<jerry>
not a bad first day with you guys. up around 5 points on scalps. that includes a .80 loss on big blue (got stopped out)
04/12/02
12:01:13
<G-MAN>
NEVER LET A WINNING TRADE TURN NEGATIVE, right?
04/12/02
12:01:37
* G-MAN
(Plays Sound: applause.wav) are you kidding me, that's an incredible day
04/12/02
12:02:01
<jerry>
but you avg up or down on trades that went the wrong way
04/12/02
12:03:01
<jerry>
so where do you draw the line between a winning trade gone neg?
04/12/02
12:04:11
<G-MAN>
if it was positive, and went negative, I no longer call it a winning trade
04/12/02
12:04:54
<jerry>
tnx
04/12/02
12:08:50
* G-MAN
(Plays Sound: whistle.wav) sht mcaf 19.46
04/12/02
12:11:12
<sayed>
took t lots off on ba shorts to open capital. -.50
04/12/02
12:12:23
<G-MAN>
you just want to hold more sht expe over weekend
04/12/02
12:12:41
<sayed>
looks like i will need to do that
04/12/02
12:12:49
<G-MAN>
eyes, did you answer me on where you found time of new moon
04/12/02
12:13:15
<eyes>
yes, I did .... saw it in hockberg newsletter
04/12/02
12:13:32
<G-MAN>
did he give time?
04/12/02
12:13:48
<G-MAN>
ibm tanking and closing gap in 25 more cents
04/12/02
12:14:08
<eyes>
don't remember exactly .... 3 something pm I think
04/12/02
12:14:13
<G-MAN>
thanks
04/12/02
12:14:27
* G-MAN
(Plays Sound: whistle.wav) added lg ibm, ap 85.53
04/12/02
12:14:55
<G-MAN>
if you liked it at 19, you gotta love it at 84
04/12/02
12:15:56
* G-MAN
(Plays Sound: gong.wav) covd 5 of 10 lots sht q's, +.19
04/12/02
12:16:53
* G-MAN
(Plays Sound: whistle.wav) lg nvls 47.87
04/12/02
12:17:09
<zmr>
where to next for NDX? Next week?
04/12/02
12:18:07
* G-MAN
(Plays Sound: whistle.wav) lg imcl 21.02, adding into 19.50 support
04/12/02
12:18:30
<G-MAN>
who got stopped out at 23 earlier? aren't you glad you are disciplines
04/12/02
12:18:33
<G-MAN>
d
04/12/02
12:18:58
<G-MAN>
more specific zmr
04/12/02
12:20:53
<zmr>
retest lows..1300 or upto 1370-75, 11400 1st?
04/12/02
12:21:42
<G-MAN>
covd last 5 lot in sht q's, +.19
04/12/02
12:21:47
<zmr>
11400=1400
04/12/02
12:21:52
* G-MAN
(Plays Sound: whistle.wav) lg q's 33.44
04/12/02
12:22:06
<G-MAN>
ndx getting oversold on 2 and 5 min charts
04/12/02
12:22:48
<G-MAN>
no call now zmr, could go either way
04/12/02
12:23:01
<ChatMaster>
merq's move today is just like it move in jan 22nd gapped up and powered away
04/12/02
12:23:03
<G-MAN>
feels like wants to test 1370
04/12/02
12:23:32
* G-MAN
(Plays Sound: gong.wav) covd sht merq on 2 lot, +.22
04/12/02
12:24:00
* G-MAN
(Plays Sound: gong.wav) covd ebay sht 5 lot, +.19
04/12/02
12:31:09
<eyes>
qcom going for the 5th
04/12/02
12:31:25
<G-MAN>
yep
04/12/02
12:32:20
<G-MAN>
what does it mean when lots of stocks are showing 5 up off recent lows?
04/12/02
12:32:38
<eyes>
the bottom is here ?
04/12/02
12:34:52
* G-MAN
(Plays Sound: gong.wav) sold 5 more lots lg qcom swing, 5 left, +.67
04/12/02
12:35:03
<G-MAN>
holding rest swing over weekend
04/12/02
12:36:34
<hong>
what about intc?
04/12/02
12:36:50
<jerry>
sold nvls +.50
04/12/02
12:37:22
<hong>
G-Man: what about intc?
04/12/02
12:38:14
* G-MAN
(Plays Sound: gong.wav) sold nvls on 2 lot, +.55
04/12/02
12:38:36
<G-MAN>
holding it as swing, it's stuck in the mud
04/12/02
12:41:17
<jerry>
lspd the ax today on beas? they keep on refreshing the bid at 12. at 12.
04/12/02
12:41:31
<jerry>
and higher
04/12/02
12:42:24
* G-MAN
(Plays Sound: gong.wav) sold 5 lots ibm lg out of 15 lots, +.51
04/12/02
12:42:41
<G-MAN>
hong, you see my intc answer
04/12/02
12:42:51
<G-MAN>
holding it...
04/12/02
12:43:16
<jerry>
holding what?
04/12/02
12:43:23
<zmr>
nice low call on Q's-right on the money?
04/12/02
12:43:39
<G-MAN>
intc long, answering hong's question
04/12/02
12:43:45
<G-MAN>
thanks you sir
04/12/02
12:43:53
<hong>
G-MAN: i decided to sell intc 2 lot, +0.25.
04/12/02
12:44:00
<cook>
you are trading only stocks on margin, no options, correct?
04/12/02
12:44:12
<G-MAN>
just sorfing the waves zmr
04/12/02
12:44:17
<G-MAN>
surfint
04/12/02
12:44:20
<G-MAN>
surfing
04/12/02
12:44:28
<G-MAN>
trouble with fingers today
04/12/02
12:45:31
* G-MAN
(Plays Sound: gong.wav) sold 2 lot lg imcl, +.43
04/12/02
12:45:55
<jerry>
beas breaking
04/12/02
12:46:04
<cook>
lot = 10 shares?
04/12/02
12:46:22
<eyes>
beas 3rd leg down
04/12/02
12:46:25
<G-MAN>
lot = 100 shares
04/12/02
12:46:48
* G-MAN
(Plays Sound: whistle.wav) added lg ge swing, ap 34.26
04/12/02
12:47:46
<G-MAN>
holding these long swings: invn, sebl, gnss, msft, ffiv, ge, qcom,
04/12/02
12:47:55
<G-MAN>
holding these short swings:
04/12/02
12:48:09
<G-MAN>
wxpe, gety, sbux, aapl, nem
04/12/02
12:48:45
<G-MAN>
chatty does option plays from time to time cook
04/12/02
12:51:27
* G-MAN
(Plays Sound: knock.wav) anyone need me to stay around after close for Q & A?
04/12/02
12:51:48
<johnm>
Anyone know if I can access this room with MIRC
04/12/02
12:52:04
<jerry>
maby for 2 min q+a
04/12/02
12:52:09
* G-MAN
(Plays Sound: whistle.wav) added expe sht, ap 70.13
04/12/02
12:53:13
* G-MAN
(Plays Sound: flush.wav) sold ibm 5 lot of 10, -.25
04/12/02
12:53:40
* G-MAN
(Plays Sound: gong.wav) sold lg q's on 2 lot, +.08
04/12/02
12:53:46
<G-MAN>
cleaning up the crap
04/12/02
12:54:51
<johnm>
MIRC? anyone
04/12/02
12:55:01
* G-MAN
(Plays Sound: gong.wav) covd sht beas on 3 lot, +.11
04/12/02
12:55:52
* G-MAN
(Plays Sound: whistle.wav) lg beas 11.89 on 5 lot for swing
04/12/02
12:56:35
<G-MAN>
standby john
04/12/02
12:57:06
<G-MAN>
what symbol
04/12/02
12:57:20
<ChatMaster>
mrvc ?
04/12/02
12:57:51
<G-MAN>
don't know what mirc is
04/12/02
12:57:54
<johnm>
MIRC access software
04/12/02
12:58:10
<G-MAN>
the room is browser based
04/12/02
12:58:21
<G-MAN>
only need internet connection
04/12/02
12:58:27
<johnm>
did access another chatspace room with it
04/12/02
12:58:41
<johnm>
I have trouble with java
04/12/02
12:59:52
* G-MAN
(Plays Sound: notice.wav) FINAL SCORE: +26.18 SCALPING, +27.82 SWING TRADES
04/12/02
13:00:26
* G-MAN
(Plays Sound: notice.wav) notice
04/12/02
13:00:52
<johnm>
does that mean $2618 profit scalps
04/12/02
13:01:46
<passter>
+6.18 for me today
04/12/02
13:01:47
<G-MAN>
that's correct for me using 100 shares
04/12/02
13:01:55
<G-MAN>
nice day passter
04/12/02
13:02:10
<passter>
learning
04/12/02
13:02:11
<G-MAN>
anyone else feel like sharing their goods and bads
04/12/02
13:02:21
<passter>
i'll probably have some email questions for you this weekend
04/12/02
13:02:21
<sayed>
you all have a great weekend, see you monday
04/12/02
13:02:28
<ChatMaster>
flated high priced brcd
04/12/02
13:02:49
<G-MAN>
oooooxxxxxx to everyone for a great week, you guys and gals are really learning and doing well
04/12/02
13:02:50
<eyes>
all brcd ? or just last slice ?
04/12/02
13:03:02
<johnm>
how much capital do you need to trade these quantities ( if you dont mind me asking)
04/12/02
13:03:12
<ChatMaster>
still have some working out hold numbers
04/12/02
13:03:14
<G-MAN>
thanks for playing see you all Monday if there are not any questions
04/12/02
13:03:32
<G-MAN>
depends on how many you trade at once
04/12/02
13:03:44
<johnm>
for you
04/12/02
13:03:59
<johnm>
if I was following your trades
04/12/02
13:04:06
<johnm>
ie
04/12/02
13:04:59
<G-MAN>
I try to stay under 300k buying power, so 75k cash, but can go higher if needed. To take every trade I do I recommend having 100k capital.
04/12/02
13:05:14
<johnm>
thx
04/12/02
13:05:48
<G-MAN>
It's not necessary to take every trade though, as many people do very well by chosing. Like passter today +6 points, Sayed, how many did you do
04/12/02
13:05:53
<G-MAN>
+ 4
04/12/02
13:06:57
<johnm>
I understand
04/12/02
13:07:11
<jerry>
gman, beas you said 3ed leg down. where did you start the count? what time scale do you use for your scalps?
04/12/02
13:08:07
<G-MAN>
jerry, when did i say that?
04/12/02
13:08:36
<G-MAN>
oh,
04/12/02
13:08:55
<G-MAN>
I see it on a daily chart starting from 22 in
04/12/02
13:09:03
<G-MAN>
Feb
04/12/02
13:09:24
<G-MAN>
chatty may have said it
04/12/02
13:09:58
<cook>
I tried an option play with the q's...
04/12/02
13:10:04
<G-MAN>
how was it
04/12/02
13:10:48
<G-MAN>
jerry, I see from Jan high at 22, a A down into 13, B up and C down to today that is done or will be with one more new low
04/12/02
13:10:53
<ChatMaster>
cook are you in calss or puts
04/12/02
13:10:56
<G-MAN>
below 11
04/12/02
13:11:13
<cook>
I placed the sell order and it sat for 15 minutes
04/12/02
13:11:18
<cook>
It was a put
04/12/02
13:11:27
<cook>
20 puts actually
04/12/02
13:11:40
<G-MAN>
sold or bought puts
04/12/02
13:11:53
<cook>
I had to call the broker 3 times today
04/12/02
13:12:08
<cook>
I bought puts when you shorted them, and sold with you
04/12/02
13:12:24
<cook>
I did break even
04/12/02
13:12:36
<G-MAN>
hold for my q's score
04/12/02
13:12:37
<gregp>
Who's your broker?
04/12/02
13:12:43
<gregp>
Or was? ;-)
04/12/02
13:12:45
<cook>
I don't like the idea of having to chase them down though
04/12/02
13:12:54
<cook>
was is right
04/12/02
13:12:59
<cook>
optionsxpress
04/12/02
13:13:15
<gregp>
thx. Another one to avoid.
04/12/02
13:13:32
<cook>
I'm trying to troubleshoot my printer problems to get the paperwork to qxttrading
04/12/02
13:13:32
<ChatMaster>
was there enough move in the price in that short of a time frame to make any money
04/12/02
13:14:05
<G-MAN>
made 3 points total on all my q trades, 7 of 8 winners
04/12/02
13:14:22
<G-MAN>
did 58 scalps today
04/12/02
13:14:39
<cook>
I bought at-the-money... if I was deeper in, perhaps. As it was, I would have made about $200 if they acted on the order when sent
04/12/02
13:14:42
<G-MAN>
53 winners
04/12/02
13:15:00
<G-MAN>
not a good idea cook
04/12/02
13:15:08
<G-MAN>
seems like wasting time
04/12/02
13:15:19
<cook>
I can see that
04/12/02
13:15:39
<G-MAN>
why not trade q's themselves with us
04/12/02
13:16:01
<cook>
I plan to, now....
04/12/02
13:16:42
<G-MAN>
fyi, my score today didn't reflect my ibm overnight, since it was 30 lots, I kept it out of equation
04/12/02
13:17:33
<G-MAN>
cook, how much capital do you trade with
04/12/02
13:17:38
<G-MAN>
if you don't mind me asking
04/12/02
13:18:19
<cook>
About 10k
04/12/02
13:18:50
<G-MAN>
what commission do you pay
04/12/02
13:19:32
<cook>
Options up to 10 contracts $15. stocks $20 up to 1000 shares
04/12/02
13:20:31
<cook>
So what's the verdict?
04/12/02
13:20:44
<johnm>
My account droped below 25k and broker stopped me trading. Is that the new rules< I am from the UK
04/12/02
13:20:44
<G-MAN>
too high
04/12/02
13:20:59
<G-MAN>
john, not sure,
04/12/02
13:21:04
<ChatMaster>
yes for 4;1 margin
04/12/02
13:21:06
<G-MAN>
maybe just covering their ass
04/12/02
13:21:07
<G-MAN>
I'
04/12/02
13:21:19
<richs>
I know these rules well (ha)
04/12/02
13:21:24
<G-MAN>
recommend you check out www.qxttrading.com
04/12/02
13:21:35
<ChatMaster>
it is the ""pattern day trader' rule
04/12/02
13:21:55
<G-MAN>
1.5 cents a share, with 7 minimum,
04/12/02
13:22:08
<johnm>
24890 sitting in cask no stocks
04/12/02
13:22:13
<johnm>
cash
04/12/02
13:22:14
<richs>
until you get above 25K again ...you will be restricted to exiting positions only and trading long using cash only nno margin...no short selling
04/12/02
13:22:37
<johnm>
thx rchs
04/12/02
13:22:49
<G-MAN>
cook, with only 10k, you need to be very careful, I'd use 50 shares at a time until you get into the swing of things
04/12/02
13:23:01
<gregp>
Not with QXT. I can short all day long with less than 25k.
04/12/02
13:23:18
<gregp>
I just can't do it on margin.
04/12/02
13:23:21
<G-MAN>
really, greg, that's great
04/12/02
13:24:10
<richs>
...if you don't pay the call notice that you will get in the next day or two to get you up to 25K then you will be restricted to cash transactions for the next 90 days and then you will have access to 2 X margin again but not 4 X
04/12/02
13:24:10
<johnm>
hope for a good long mon then
04/12/02
13:24:10
<cook>
thx... and you seem to keep things spread out pretty well though
04/12/02
13:24:56
<G-MAN>
any other questions?
04/12/02
13:25:12
<G-MAN>
if not, be safe this weekend and thing waves
04/12/02
13:25:22
<G-MAN>
think
04/12/02
13:26:00
<johnm>
if I go over 25k with a long call, will that be ok
04/12/02
13:26:24
<G-MAN>
no idea, I'm out of here, peace !
04/12/02
13:26:45
<richs>
yes
04/12/02
13:26:55
<johnm>
thx richs
04/12/02
13:27:14
<richs>
as long as you don't do any ""daytrade""...you will have to buy and hold overnite for the sell the next day
04/12/02
13:27:44
<richs>
your ""daytrading"" power will probably be 0 until you get back to 25K
04/12/02
13:28:01
<richs>
...does that make sense to you?
04/12/02
13:28:30
<johnm>
yes thx
04/12/02
13:28:55
<johnm>
best pay call
04/12/02
13:29:03
<richs>
if you ""daytrade"" at all now that you are below 25K then you will get a daytrading call which is different
04/12/02
13:29:41
<johnm>
you have been very helpfull, thx
04/12/02
13:29:56
<richs>
wire the money today or tomorrow if you can because it takes a day to credit otherwise you won't be able to daytrade until Tuesday
04/12/02
13:30:09
<richs>
which broker do you have?
04/12/02
13:30:18
<johnm>
will do
04/12/02
13:31:35
<ChatMaster>
i need to leave
04/12/02
13:42:57
<johnm>
test1
04/12/02
22:14:47
<cpi>
is anybody there?
Sign up here: $ 199.- per month.