BUY stop triggered BEAS at 55, A nice play in JNPR, EXTR (28 1/2) TLGD, CVMT, ELNT CERN ALL LONGS..MANU short IDPH short..
09:34:38 <jenna> CMVT high of the day moving up hopefully it will stay
09:34:47 <dlott> RMBS strong on Mitsubishi liscense
09:35:11 <jenna> VRTS recovering.
09:35:57 <jenna> 75 call options for VRTS... coul be a buy here or the stock. could be a pullback but its looking good..
09:36:30 <jenna> EXTR triggered long 28 1/2.. is still moving up looks like it could be a buy here..
09:36:42 <sivig> CHKP hod...going long has been...painful
09:36:48 <hitech> in CHKP...
09:37:21 <sivig> hard to sleep holding CHKP overnight
09:37:34 <jenna> CMVT January 100's..
09:39:13 <jenna> CMVT very nice.. EXTR.. careful about reversal here.. but the nq's are pulling ahead and so are the dow futures.. we are still having bad earnings estimates so I would be looking for daytrades until further notice
09:39:39 <jenna> RIMM closed puts..
09:39:58 <jenna> ANEN still lovely downside continues..
09:40:51 <jenna> JNPR covered yesterday.. look to go long JNPR.. 104 19/32 or the high established by 9:50
09:41:42 <jenna> NTIQ out of puts.. Look to go long NTIQ 67 1/8
09:42:23 <jenna> CMVT proving itself.. stalwart..
09:42:41 <biersack> Long TLGD
09:43:14 <hitech> long ITWO...
09:43:25 <biersack> Covered all shorts
09:43:37 <sivig> TQNT hod
09:44:05 <jenna> TLGD looking good here 28 1/4 buy stop. on intraday chart ELNT 26 9/16 buy stop
09:44:42 <jenna> EXTR nice.. we have a little lift off. its still not 9:50 so its a bit dangerous..
09:45:00 <jenna> JNPR nice..
09:46:11 <jenna> MANU triggered a short as it drops below support.. Look for more downside on MANU if the market pulls back.. we still have a bad situation in the tech sector..
09:46:40 <biersack> TLGD back to 30
09:47:18 <jenna> CMVT raise trailing stop or you might get caught in a pullback.. CMVT killed yesterday with good prospects going forward.. protect positions we are entering the 9:50 reversal period..
09:48:49 <jenna> AGIL triggering short in our sink or swim scenario at the intraday move on 36 5/8 instead of the daily chart 38
09:49:11 <jenna> CMVT high of the day.. watch out here.
09:49:43 <jenna> BEAS buy stop 55 1/4.. out of the puts.. nice 3 day short there
09:51:10 <biersack> Long EMC
09:52:40 <jenna> IDPH looking for the puts.this one is not going anywhere.
09:53:27 <jenna> we have pullbacks here..it is the 9:50 to 10:10 reversal period..
09:53:30 <sivig> outof CHKP
09:53:45 <hitech> me too..
09:54:07 <jenna> Careful of JNPR.. will be taking profits.. might go short again.
09:54:56 <jenna> IDPH officially a short to join ELNT not triggering.. moving back we have pullbacks..
09:55:39 <biersack> RIMM lod
09:56:06 <jenna> ADRX another day of gains.. could continue market is very shakey I would be exiting long positions.
09:56:27 <jenna> we are approaching the 10:00 reversal period.. stocks have lost their breath here..
09:57:02 <jenna> RBAK.. still a short candidate.. long term short..
09:57:40 <jenna> SANM cooked looks like a longer term short here as well.. SEBL is a short as well.. from the watch list..
09:58:30 <jenna> WEBM hold puts that is going nowhere also..
09:58:57 <odyssey> MVSN making a move
09:59:19 <jenna> RMBS really trying hard.. should be one to watch also.. I really would think RMBS had enough slams for now.
09:59:34 <jenna> AGIL drowned.. poor AGIL..
10:00:09 <jenna> JNPR trying to hold its head above water.. still not a short candidate.. watch for the 10:00 move..
10:00:25 <biersack> EMC hod
10:01:03 <jenna> EXTR also looks like it might take out the highs.. still did not trigger a stop loss could be a safe bet into 10:00 period..
10:02:21 <jenna> EXTR intraday chart.. please bring up the 5 minute chart.
10:03:06 <jenna> you see that pullback on EXTR but its trying to hold its head above water..EXTR was slaughtered and might get over the hump..
10:03:45 <yager> VECO and AVCI holding up
10:03:54 <jenna> RBAK chopped meat nice..
10:04:30 <jenna> NOTE that move in MANU it didn't hold up at all.. MANU might still recover
10:05:11 <odyssey> PAYX strong rascal
10:05:49 <jenna> RATL mini triple top trying... RATL is an earnings play witha fair P/E rate
10:06:03 <rkhedrick> Long EXTR
10:06:22 <odyssey> stopped into MVSN
10:06:51 <jenna> 34 1/2 buy stop RATL
10:06:59 <biersack> All majors positive CSCO ORCL SUNW
10:08:00 <jenna> JNPR I would be holding here... its recovering.. or reentering JNPR is a massive mover.
10:08:01 <koblick> Nice Move on the NQs here
10:08:30 <biersack> RALLY time
10:08:46 <jenna> very nice.. BUY stop RMBS 36
10:10:21 <leekramer> Nice call RMBS and EXTR Jenna.
10:11:52 <biersack> NTIQ still weak in the knees
10:11:53 <jenna> thanks..
10:12:19 <jenna> AMCC might be time to end the puts.. but I think there is still dowside in AMCC
10:13:12 <jenna> ELNT.. stops me in.. nice move to the highs of the day..
10:13:50 <jenna> with buy stops you don't guess at entries but put in pivots where you want..
10:15:15 <jenna> ELNT, RMBS, EXTR, jNPR, RATL.. march of the walking (or hobbling) wounded.. we hold on and see what happens.. still holding some puts for a hedge.. I don't believe some of the stocks will last through the week, but we'll see
10:15:48 <jenna> AGIL caught in a whirlpool..
10:16:33 <burdo> ATHM on the move
10:16:37 <jenna> MVSN looking pretty good.. still that is some mover
10:17:31 <jenna> ADRX a holder second day of gains..
10:17:56 <odyssey> HAND moving to new high
10:18:07 <koblick> ELNT nuts
10:18:17 <jenna> odyssey just about to say HAND and ADBE looking good..
10:18:23 <jenna> nice..
10:18:59 <jenna> We got just from 2 watch lists.. and ELNT is always on my screen..
10:19:07 <odyssey> AETH too
10:19:26 <jenna> CMVT also.. used to have big positions in both.. those were good days.. now they are good but everything is short..
10:20:52 <jenna> CERN triggering.. CERN is a good stock for recovering intraday.. so we have enough.. dow is triple digits up and we can hold some winners here.. WEBM..SANM AMCC still holding a few puts in case for a hedge..
10:21:38 <biersack> EMC hod
10:22:01 <ft16fv> What is todays play?
10:22:08 <jenna> CERN was actually a clean trigger from the open.. but the volatility of the nq's were knocking it about. that is why we look at the 9:50 to 10:00 high for our better position to judge a trend. If the market had looked better at the open, we would have gotten right into stocks like CERN
10:22:46 <biersack> long QLGC
10:22:52 <langford> Was SANM downgraded?
10:23:01 <jenna> Watch List stocks have triggered long: CERN, RATL, RMBS, EXTR.. others we found and put in buy stops ELNT are you with US?
10:24:12 <ft16fv> thanks
10:24:43 <odyssey> SNDK green
10:24:57 <jenna> JNPR called early also (long).. we had a few early puts that we sold and some we held..
10:25:23 <jenna> SNDK.. that's a nice one.. cheap.. I like cheap..
10:25:48 <andy> If you missed anything for any reason, it is essential to view the log file for what was previously posted or recommended. The log file will always keep the user up to date if you were not online and missed something. There is a small icon that looks like a document. Click on it and the log file will come up. Option- click here for log file: marketgems.chatspace.com
10:25:58 <jenna> SNDK 26 1/8 l9ooks good..
10:26:40 <koblick> OPWV looking ok here
10:26:40 <ft16fv> Thanks jenna, you are a gem. I know now what makes this a gem room.
10:27:56 <jenna> those that are in the room new.. please note we don't just enter stocks that are on most up lists, we have 1 or 2 watch lists that we watch and know where the points of entry are, support levels/ resistance.. otherwise its a dart board.. so you need to look at the watch lists for about 2 days.. once in a while we'll hop onto an older watch list pick but very recent.. some stocks are always under our scope like ELNT, TLGD, CMVT because of past trades
10:28:05 <zella> MUSE down 3+ early on, now a speck of green
10:28:21 <jenna> mUSE is another favorite..
10:29:22 <jenna> By following the same stocks like say JNPR... we can go out of short position and immediately go long.. because we know the historical price/chart patterns... from past trades and we chart them regularly..
10:30:19 <zella> Jen thats what I love about what you do...and do so well
10:30:32 <jenna> WEBM is going somewhere today on a bearish flag reversal.. hate to dump the puts though but NTIQ looks mor promising for a quick gain.. if it recovers..
10:31:28 <jenna> JNPR exploding hopefully
10:32:48 <jenna> JNPR 3 bars of consolidation here.. spinning tops though not a lot of conviction or price action.. the market is moving up but there is not much convictions so we hold and keep fingers crossed and let the winners run.. such that they are..
10:33:02 <jenna> jNPR just broke again..
10:33:28 <jenna> Look at the spike high on the 5 minute chart of JNPR.. that is that big move.. we are in the 10:25 to 10:35 reversal period..
10:33:32 <johnaz> EMLX hod
10:34:02 <jenna> We are doing pretty good here.. lots of triggers today.. early weakness changed to gains after an exhaustions gap down which is what I expected.....sort of.
10:34:46 <koblick> EXTR great call Jenna!!
10:34:53 <jenna> TLGD 29 3/4 is fighting with its 20 period moving average...
10:35:17 <koblick> EMC nice call biersack
10:35:25 <yannif> Jenna, are you talking? I don't have voice here, in California
10:35:26 <andy> For the latest Java Applet software - Microsoft Virtual Machine for Internet Explorer 4.01 and later (Build 3319, released 10/25/00: www.microsoft.com/java/vm/dl_vm40.htm This upgrade often fixes text freeze and connection problems
10:36:20 <jenna> no talking here...one moderator.. I type quick..
10:37:09 <jenna> EXTR.. had that extra zing today..I would like the impossible a move up in NTIQ when I was short for so long..
10:37:48 <koblick> SNDK nice here
10:37:50 <jake> checking my sound. is anyone talking ?
10:38:52 <leekramer> Nobody talking Jake. Everyone whispering.
10:38:55 <koblick> No one talking ...right?
10:39:38 <rkhedrick> We came right from the mum---mers parade to this site.
10:40:26 <jenna> SNDK is nice.. potential for upside is big..
10:40:40 <andy> correct- with one moderator no voice but jenna types very fast
10:42:37 <rkhedrick> SNDK -Jenna; from your ketyboard straight to the market
10:46:14 <jenna> SNDK was a nice call.. I like the potential.. also ELNT. TLGD is above the 20 period but is still struggling.\
10:47:40 <swanbg> Jenna, your take on PDII please?
10:50:34 <jenna> PDII.. hard to trade ths one today.. I tried.. Looks like another short bait there..
10:51:28 <jenna> I don't think a lot of those that are short term overbought like PDII or IDPH will last.. PDII has no puts so you have to short it one day at a time.. it can be a hassle but its worth it.. today I tried this morning.. the bid/ask was nuts I left it..
10:53:20 <swanbg> PDII spread can be as much as $2 1/2
10:54:59 <jenna> I like to hold puts longer term.. I don't usually look at one day reversals however my puts today were all (except SANM) older ones RBAK is still my favorite.. short and/or puts since it was triple digits. so I never like to close a put position in RBAK.. I now like IDPH.. with potential for a swing trade put at least. I broke in NTIQ succumbed and sold but WEBM still holding ONIS I also have the 25 puts.. ONIS won't be going anywhere I saw the bli
10:56:18 <jenna> Yesterday I sold the 30 puts in ONIS and today the 25's will probably be in the money sometime today or tomorrow..
10:57:00 <jenna> MANU was called short this morning and I'm not long or short although leaning toward a put position there as well.
10:58:05 <langford> RATL gave up the ghost
10:58:14 <jenna> You have to risk to make more money in put.. sit on your hands when they sometimes go up.. today was the only day that the underlying company actually went up... RIMM was a 4 day put and the first day it was actually up also.. closed the RIMM position and i wish I didn't..
10:59:50 <yannif> Jenna, what time frame do you usually use? 15' chart? hourly chart?...
11:00:34 <ft16k2> Jenna..Is SANM earning report in Jan ? someone mentioned it was downgrade by ML this morning.
11:01:18 <zella> Jen, your CTXS is holding well
11:01:34 <langford> I called Merrill, they have no info on a SANM downgrade, still a nice short off 68
11:02:48 <gore> sell RATL?
11:02:51 <koblick> MOT Nice move EP for next week , any thoughts on this?
11:06:01 <dlott> Hi Fred...SANM, that was me, Costello said Merrill lowering estimates...I should have known better tahn to pass that on
11:06:03 <dlott> sorry all
11:06:44 <jenna> MANU something is wrong.. MANU 35 puts.. long overdue
11:07:00 <sivig> AMCC lod
11:07:55 <jenna> 3 1/2 by 3 3/4 not a big price to pay for a part of a falling empire.. I like MANU.. but its going to go the way of SEBL, etc..
11:08:45 <jenna> AMCC yes.. also SEBL 60's SANM 65's.. we are going to have some announcements its inevitable..
11:09:26 <jenna> SANM had one this morning.. we were waiting for it.. we are about 22 minutes before the doldrums.. we are having a MAJOR pullback on the dow.. it will more than likely rub onto the nasdaq.
11:10:06 <jenna> WE ARE PULLING BACK.. I would be taking profits on long positions and get out our short hats (that's why its good to hedge with some short positions beforehand)..
11:14:05 <jenna> marketgems.com MANU is not looking good.. DOW has completely reversed..
11:14:37 <jenna> AGIL the Sink or Swim trade sank near the 9:50 reversal period marketgems.com
11:15:35 <swanbg> RIMM moving down
11:16:35 <jenna> AGIL and AMCC no support now on the intraday chart and AGIL no support at all not even on the daily chart.. if you want to see how low AGIL can go look at EFNT today or a downgrade on TUTS.. this downside is relentless.. some of it is actually unfair.. where were these analysts before? Instead of raising estimates they seem intent on covering up their ineptitude by dragging them down even more now and then they will say "We told you there was much downsi
11:17:22 <jenna> I really have never seen this much inept analysis in 13 years...
11:18:07 <jenna> While the 600+ P/E stocks were being UPGRADED now everything is being downgraded..
11:18:26 <jenna> Someone should write a book.. You can bet they will.
11:18:29 <leekramer> Analysts...."Disregard that man behind the curtain."
11:19:03 <jenna> They were raising price targets to 400 plus and now they take poor stocks like EFNT and TUTS and downgrade them? What is the point?
11:19:37 <lnelson> t
11:19:43 <jenna> MANU is low of the day.. unreal..
11:20:14 <jenna> WEBM unreal.. and I was ready to close the put position..
11:20:35 <jenna> ONIS I expect 25 today
11:21:01 <jenna> SANM lovely..
11:23:44 <jenna> WEBM.. low of the day...
11:24:43 <jenna> ELNT pulling back.. nice one there..EXTR another nice one really nice but it might be over..
11:26:09 <biersack> STopped out of ANEN
11:27:03 <jenna> We use the 5 minute chart have a 60 minute chart as well and of course a daily chart to see the 'entire picture' as it enfolds.. and compare support and resistance.. on the 5 minute chart we run a 20 and 200 period moving average.. have an oscillator usally stochastics but it could be anything.. I have a few extra ones like Money Flow, %%up versus %% down, which are optional but you should have a trend reading indicator, the best I like is the ADX with the
11:27:33 <leekramer> You were looking for 47 on ANEN, got to 47 3/8. Not bad Bob.
11:27:47 <biersack> Close Lee
11:28:07 <jenna> We also have a nasdaq trin and NYSE trin which I don't report but follow and of course the S&P futures contracts and the Nasdaq 100 futures contracts all for March of course..
11:28:25 <jenna> IDPH lovely here..
11:28:54 <biersack> Got lucky & picked up TLGD @ 25 1/2
11:28:58 <jenna> IDPH 165's.. puts
11:30:55 <jenna> I would be holding those through any upside.. the big picture is what we want.. the Biotech holders have triggered a double bottom point & figure breakout at 156
11:31:06 <jenna> the symbol is BBH
11:31:35 <jenna> there are some overbought biotechs also and IDPH is one of them.
11:32:02 <jenna> Of course this is just what we see, its not a blanket statement.. you might want to do some dd on your own.
11:33:51 <jenna> ANEN still might have more downside.. that is a good short..
11:35:48 <jenna> WEBM another LOD.. even with an improving nasdaq.. careful here we are in the doldrums.. set your trailing stops.. on any long positions so as not to lose profits..
11:36:51 <jenna> no more position in jNPR but looking for either a late day breakout short or long.. JNPR is good both ways.. the unisex sox
11:36:53 <jenna> stock
11:37:35 <biersack> ANEN
11:37:47 <jenna> We are having some improvment again.. however watch positions here.. ANEN yes a quadruple bagger is enough also.. but than who's counting?
11:38:27 <jenna> BRCM.. had double bottom point & figure breakout..covered a put position yesterday.. still flat today but watching.. BRCM another sprinter..
11:39:16 <jenna> we wait..
11:39:47 <jenna> IDPH another LOD
11:40:22 <jenna> Attention: IDPH the 170 or the 165 were on the watch list.. either one would have been fine.
11:43:27 <jenna> EXTR might be a late day breakout.. is really to volatile to predict just yet..
11:44:35 <jenna> The market is lacking in conviction.. I already said that.. however bear flag rallies will also make you money.. as we can see today..
11:45:19 <jenna> If you want to see the daily chart of a sinking stock.. look at AGIL.. it is totally in free fall.
11:46:17 <jenna> NTIQ.. I won't try that again... getting some puts once again stopped out earlier.. it was so easy getting in like a roach motel.. a POS stock hotel...
11:46:33 <dlott> ROFL
11:49:34 <sivig> MANU...wonderful call
11:51:00 <peskin> t
11:51:00 <jenna> I was able to pesevere with ONIS and WEBM but got caught in 'POS stock motel'.. puts will put the gains in NTIQ back on track
11:51:26 <langford> AMCC LOD
11:51:39 <jenna> IDPH opened 12 now trading at 17 5/8 by 18 7/8.. AMCC another 2 day beauty..
11:51:52 <jenna> the 170 puts.. for IDPH..
11:53:13 <jenna> this is why Gemmers, you can't be all long or all short.. You have to hold SOME hedges in case of a reversal. even if you lose a few points the risk/reward is high to get the beef of the long side and short side.. you lose a little fat.. sure but nothing ventured nothing gained..
11:54:05 <jenna> JNPR setting up as short.. this is the only day in nearly 7 trading sessions that I wasn't short JNPR.....yet...
11:55:20 <jenna> now if you look at the 60 MINUTE chart of JNPR you can see that its failing..
11:57:11 <jenna> There is a decrease in volume and a DECREASE in volatility as you can see if you run a Directional movement indicator on that chart.. this is the doldrums and indicative that JNPR will have a volatility breakout some time in the next session could be around 1:30 before the 2:00 reversal period..
11:58:16 <jenna> now if you run a daily chart.. you can see that double bottom trying to break to the upside as JNPR attempts to reverse it it doesn't recover it could be a short to 90, the next support level...
11:59:56 <jenna> Now we do the same with BRCM.. however BRCM is a little more precarious.. it already opened this morning 73 7/16 which was an automatic DOUBLE BOTTOM POINT & FIGURE BREAKOUT which is bearish.. but was able to reverse a bit..
12:01:02 <jenna> 74 if you put up a point & figure chart.. was the breakout price.. it was able to bounce well to 80... but it is still in danger.. BRCM was covered yesterday..
12:03:27 <jenna> BRCM has a lot of downward pressure bearing down on it.. the MACD both long and short term are bearish.. it has been under distribution just so long.. Relative Strength is horrible. couldn't be worse..
12:04:17 <jenna> yet resistance is at 80 9/16 and it was taken out by BRCM but was knocked down.. theere is hope.. a little hope..
12:04:40 <jenna> BRCM is like a lot of other blimps so its a good chart to use as a 'barometer'.. of the blimps..
12:05:18 <jenna> MANU marketgems.com
12:05:58 <jenna> MANU hit that first level of support in its short play.. as you can see from the chart pattern..
12:06:51 <swanbg> PDII falling fast
12:07:09 <leekramer> In a moment of madness I just unmuted the mute button to hear one CNBC expert say, "See, buy low, sell high." Gee.
12:07:15 <jenna> the next level is 32 1/2..for MANU it could very well be a short to 30 at least..
12:09:16 <jenna> MANU has dropped below its 100 day moving average but never dropped below the 200 since mid June..
12:11:37 <jenna> JNPR dropped below 104 9/16 a pivot point looks like a short play enfolding.
12:14:39 <jenna> PDII right.. good call look again at the 60 minute chart, the 5 minute.. you can see the detioration easily. PDII if you have the time to devote to it.. could be a heck of a short.
12:15:14 <jenna> marketgems.com here is the chart that indicated that short on Tuesday..
12:16:06 <jenna> PDII is not now officially overbought.. it is sinking.. I will post a newer chart.. same style as that first.. and you can compare them..
12:17:59 <beren> EFNT -Would you believe Dain Rauscher Wessels just reit strong buy and $100 target -stock is now about 8
12:20:56 <jenna> marketgems.com here is the second chart of PDII.. compare it to the first..
12:22:03 <jenna> Looks like it might also break support on the 100 day moving average.. which is that dark pink line
12:22:51 <jenna> 93 7/8 was support for PDII today and it moved below..
12:23:16 <jenna> Meanwhile back at the ranch.. we have IDPH...
12:31:02 <jenna> IDPH those puts 19 1/8 by 20 3/8 they were 17 5/8 by 18 7/8 1/2 hour ago... from 12..
12:32:25 <jenna> AGIL chart.. look at the daily chart today compared with this one. marketgems.com that is why today was crucial for AGIL and it failed..
12:36:21 <jenna> WEBM -----> another EFNT
12:38:30 <jenna> NTIQ now nice.. works better to the short side.. you have to let youself get stopped out with 2 points once ina while for the bigger gain in the opposite direction... you have to know how to cut losses before they get bigger...
12:39:57 <ft16k2> Jenna...NTIQ to 40 by the end of Jan?
12:40:07 <jenna> WEBM and ONIS ...
12:40:53 <jenna> NTIQ that was my original path.. but we don't always stay on the straight and narrow... look at WEBM... I was about to pull the trigger like I did with RIMM.. sat on my hands with the others..
12:41:34 <jenna> RBAK..
12:43:02 <jenna> JNPR.. is not cooperating.. it might not be a good short. SANM and MANU are fine..
12:43:48 <jenna> MANU 33 big blocks and they don't look like institutional BUYING.. at all.
12:44:20 <jenna> the BBH is retreating quickly the biotech holders..
12:45:55 <jenna> someone mentioned GILD yesterday.. moved down well.. looks like MYGN even with a n upgrade to buy today is sinking.. Biotechs are probably the next to be sacrificed..
12:46:20 <jenna> CIMA called from yesterday's watch list as a short.. is tanking strongly for the second day..
12:46:43 <jenna> IDPH.. is great also
12:46:57 <jenna> CIMA had a huge multiple its shrinking now..
12:47:11 <jenna> IDPH price was insane.. its shrinking now also..
12:47:56 <jenna> marketgems.com CIMA is no longer overbought..
12:52:29 <yannif> Jenna, this is my 1st day in your room. Could you please tell me what time frame intraday chart do you usually watch?
13:01:45 <zella> Jen JPM on the move.
13:02:27 <jenna> everything I mean..
13:02:50 <jenna> SEBL triggered while I was knocked off.. oh well.
13:04:40 <jenna> as you can see JNPR did not stay down.. its being boisterous.. but SEBL is probably a more solid play for the day at least.. SEBL might trigger if you put in a buy stop at 55 1/2
13:06:47 <jenna> WEBM might be okay to take profits.. tomorrow is another day.. and a much lower strike price.. HOw low can it go today? I wonder..
13:07:13 <jenna> biotechs... are going bye bye..
13:08:01 <jenna> MANU hit some very important support levels
13:08:58 <yannif> Thank you Jenna, I found the answer. Thank you Kendal.
13:09:15 <jenna> maybe 32 1/2 is a little ambitious for today.. sorry I didn't see any question.
13:10:37 <jenna> MANU if it breaks today's low.. it MIGHT move to 32 1/2.. either way lock in any profits on the short side.. puts you can't you have to go with the flow..
13:12:50 <langford> JNPR coming down again
13:14:44 <langford> opps spoke to soon
13:14:52 <biersack> O(RCL hod
13:15:15 <jenna> OSIP another strong contender for a short.. but we wait..
13:15:17 <biersack> CSCO hod
13:15:21 <jenna> here we go..
13:15:38 <jenna> JNPR a long here.
13:15:46 <jenna> cover shorts..
13:15:57 <jenna> what shorts? the crap like WEBM?
13:16:04 <jenna> finally
13:16:11 <langford> YIKE 50 basis point cut!
13:16:11 <jenna> keep SNDK,
13:16:26 <jenna> keep ELNT..
13:16:47 <jenna> this is unprecedented.. (analysts went long this morning)..
13:17:16 <biersack> RMBS hod
13:17:33 <jenna> IDPH.. out nice one.. but its over.
13:17:38 <jenna> look at the dow..13:17:45 <jenna> gee its nice having cash..
13:17:47 <dlott> holy cow
13:17:57 <jenna> jNPR.. stopped out.. but long...
13:18:30 <jenna> OEX call options looking good..
13:18:54 <jenna> buy stops triggered what fun..
13:18:58 <jenna> SEBL a buy..
13:19:15 <dlott> LOL...crazy
13:19:15 <jenna> 70 call options in QLGC>...
13:19:32 <jenna> glad I didn't take that sandwich..
13:20:28 <jenna> someone has to tell AGIL its all right to go up now..
13:20:53 <jenna> CERN retriggering..
13:21:36 <jenna> has this ever happened before? you can be sure 1/2 hour ago.. all the analysts.. Mr. greenspan and his house staff were all fully into call option or stocks..
13:21:51 <jenna> wow..
13:21:59 <jenna> 100 points in 10 minutes.. it was more like 3 minutes..
13:22:11 <yager> what else do we buy?
13:22:16 <jenna> gee.
13:23:02 <langford> we are all in shock, goooo AG
13:23:07 <jenna> Call options CHKP 125's..
13:23:11 <rkhedrick> I hope no one ws short
13:24:05 <jenna> holy moly look at EXTR.. I was short JNPR covered in my "black out".. phase..
13:24:16 <jenna> EXTR lovely..
13:25:01 <jenna> CSCO 40 options look good too
13:25:29 <jenna> WE are doing nicely though.. picked up QLGC, SEBL.. just in time..
13:25:46 <jenna> buy stops got in SEBL BEFORE the announcement unreal..
13:27:08 <jenna> EXTR big bullish engulfing.. that is why we have to be selective in shorts/longs.. I never short.. but I did short JNPR... got stopped out and now long so its good.. very good.. the earlier 'triggers' popped the most..
13:27:19 <jenna> NTIQ.. tempting.. sitting on my hands..
13:31:50 <jenna> WEBM.. even that is moving up.. and ONIS.. almost was in the money on the oNIS.. but this was worth it..
13:32:57 <jenna> unreal... look at JNPR.. lost 2 11/16.. at first..
13:35:50 <adelman> t
13:37:48 <biersack> Anyone a good quote on EMC
13:37:50 <jenna> one thing isn't nice what they did.
13:37:55 <ft16jq> Jenna, now the volume of JNPR suddenly move up at 125. What does this mean? How do we know when it peaks?
13:38:27 <jrrose> Show EMC at 65, but charts slow
13:38:35 <sivig> everything slow
13:38:39 <biersack> thanks
13:39:15 <jenna> there were obviously traders who got stopped out of their long positions this morning (later on) and they were careful to wait until most people were flat and waiting.. This morning there were many sellers of long positions while we were selling put positions.. its not fair when you consider those that were stopped out and believe me many were stopped out this morning.. and might have just left the market and this happens..
13:39:57 <rkhedrick> Be careful on orders. I'm getting all kinds of warnings on stuck orders from Cyber, especially regarding ARCA and SelectNet.
13:40:33 <jenna> imagine those that finally sold their CSCO's their newly bought IBM's and everything and when the capitualtion selling was at the worst.. we did get some long triggers but INVESTORS were already gone.. and some traders were gone also..
13:42:39 <jenna> yes i guess.look at JNPR even BEAS. whatever you managed to nab is good..
13:43:09 <jenna> EXTR..
13:43:42 <jenna> hope someone held SNDK and ELNT..
13:43:54 <rkhedrick> The question now is: where from here?
13:44:31 <dlott> LOL...that was insane
13:45:05 <jenna> I'm afraid to look at JNPR... hope that won't be the roach motel.. volume is insane..
13:45:19 <ft16k2> I did get CSCO 42 1/2 call and EMC 80 call.
13:47:13 <ft16jq> Jenna, I'm out of JNPR, but please explain further about "volume is insane"
13:47:17 <jenna> JNPR and SEBL.. I would hold the CSCO. JNPR.. I would dump and take the profit.. not yet.. though CHKP.. wow
13:47:22 <jenna> wait a sec..
13:48:16 <jenna> just that level II is exploding.. |
