StockTwits Transcripts

February 16

StockTwits Brunch Transcript Feb 14, 2009 Part II

  • tickerville Feb. 14 at 12:03 PM #
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  • @bullishbeauty that is because you are humble enough to learn and will succeed. Only pride stands in the way of making money in the mkt $$
  • tickerville Feb. 14 at 12:00 PM #
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  • @NJHounds don’t mean to come off sounding punk. But when you find something that works, I have learned to remain focused on that. $$
  • tickerville Feb. 14 at 11:58 AM #
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  • @BullishBeauty Ha, oh yes!! A must. You can’t take a trade based on daily and switch to weekly. Or 30 min and switch to daily etc. $$
  • tickerville Feb. 14 at 11:57 AM #
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  • Phil brunch is a beaut! I really have to figure out how to update more during the week. $$

  • tickerville Feb. 14 at 11:56 AM #
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  • @BullishBeauty Yes. Your read is good. Just remember to not change your time frame if chart doesn’t do what you want. take your stop $$
  • tickerville Feb. 14 at 11:51 AM #
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  • @BullishBeauty Yes, I see it consolidating as well. Final dump into bell aside, unless it follows through, could easily break up or down $$
  • tickerville Feb. 14 at 11:41 AM #
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  • @BullishBeauty Normally I would say yes, rally stalling, but dailies haven’t been working well. Take a look at 30 min and tell me what uc $$

  • tickerville Feb. 14 at 11:37 AM #
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  • @NJHounds You won’t find that from me in a bear market my friend. If I relied on fundos I’d be out of business. $$
  • NJHounds Feb. 14 at 11:34 AM #
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  • @ tickerville picks based on balance sheets & current politics, not charts $$
  • tickerville Feb. 14 at 11:30 AM #
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  • What?!?! only 30 mins left. Geesh louise. Time flies in @StockTwits land. OK, what should we discuss in these final minutes? $$
  • tickerville Feb. 14 at 11:27 AM #
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  • So far the bearish breakdown has been confirmed. But if it fails, and $OIH recaptures trend, I’ll go long quickly.
    Ticker: OIH
  • tickerville Feb. 14 at 11:26 AM #
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  • You see how it broke through that trend line on 2/11 with a kiss on the same day and again on 2/13? $$
  • tickerville Feb. 14 at 11:26 AM #
  • Pull up 30 min $OIH. This is a break down I am watching closely. Draw a trend line from 2/3 and 2/4 low.
  • tickerville Feb. 14 at 11:23 AM #
  • Could I be wrong? Of course I could That’s part of the game. I won’t argue with the market if that happens. I am just relaying what I see $$
  • tickerville Feb. 14 at 11:22 AM #
  • Since we started brunch in the first week of January I have come on each week and talked about shorts. I am looking at potential longs $$
  • tickerville Feb. 14 at 11:22 AM #
  • @CubbieBears Weeklies point down, dailies are not prudent either way. Intra-day I find interesting and I’ll note that. $$
  • MacroMeister Feb. 14 at 11:18 AM #
  • @tickerville $STLD is a very interesting pattern, & if flat bottom Widening, you may still get lower test; good psych $$

  • tickerville Feb. 14 at 11:15 AM #
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  • @CubbieBears Good question. I am looking at intra-day where volatility rules. You cannot view a 60 min chart and turn it into daily swing $$
  • jsfalvo Feb. 14 at 11:13 AM #
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  • @tickerville the weekly charts on the DJ30 we are in just one Wave 2 waiting for the next leg down nothing has changed yet $$
  • tickerville Feb. 14 at 11:11 AM #
  • Well, did we get it? Nope! So did you take it? Shouldn’t have! This is how one avoids losses. $$
  • tickerville Feb. 14 at 11:10 AM #
  • We specifically discussed $STLD and how I was watching for a constructive pull back. $$
    Ticker: STLD
  • tickerville Feb. 14 at 11:10 AM #
  • Last week one of our primary discussions surrounded ‘set ups’ and all the stocks we discussed needed good entry. $$
  • MacroMeister Feb. 14 at 11:08 AM #
  • @stevenplace good observation: only real major trend reversal may be FX if USD & JPY break supports; no decisive setup elsewhere $$
  • jsfalvo Feb. 14 at 11:07 AM #
  • @tickerville yeah $CME could take off of the daily 50sma thats why I like it nice consolidation
  • tickerville Feb. 14 at 11:07 AM #
  • But the intra-day’s is where I have been living of late and it’s a refreshing change. $$

  • tickerville Feb. 14 at 11:07 AM #
  • My weeklies continue to do their thing. Some weeks better than others. This week good $$
  • tickerville Feb. 14 at 11:06 AM #
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  • I am coming in fresh every day, with an open mind, and searching for new ideas. $$
  • tickerville Feb. 14 at 11:06 AM #
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  • I have found that one must really embrace this chop to succeed in it. I have been holding incredible amounts of cash. $$
  • tickerville Feb. 14 at 11:05 AM #
  • What is good about the $CME is when you review the 60 min and see trend break, you can look at daily and realize it could really run $$
  • stevenplace Feb. 14 at 11:03 AM
  • $$ Until this chop goes away and we see some decent REAL trends, selling vertical spreads are good here

  • tickerville Feb. 14 at 10:59 AM #
  • Let me walk you through one of my best trades this week. It was $X
  • jsfalvo Feb. 14 at 10:58 AM
  • @tickerville great chart on $IBM that why it is key to wait for confirmation especially in this market
  • MacroMeister Feb. 14 at 10:54 AM #
  • @tickerville …esp. interesting that “big cap” DJIA leading way down & even weak sisters in Europe/Japan are firmer $$