Gary_Fullett joined. swetz ::punk swetz ::ohmy swetz ::smoke Dave_M Wow Sw....you feeling it tonight huh Kelley joined. JP joined. Gary_W joined. Dave_M hey gary and others swetz ::smile pat Thurs already? vijay joined. pat time flies Steve_ joined. swetz yeah but Wednesday in Australia swetz ::smile pat ny markets open on Mon? warren joined. swetz stocks closed Monday pat Fri in Australia Joe_K mornen Dave_M mlk Gary_W fed & US markets closed monday pat Swetz you confused or me? swetz lol Pat - your right, they are a day ahead of us swetz I was standing on my head when I said that swetz ::smile pat LOL swetz gm Joe Joe_K why I always say mornen 1 day bleeds into next Joe_K lol swetz make sure you brush your teeth and comb your hair before you live the house Joe swetz ::smile Joe_K :) Gary_Fullett hi all swetz and eat a pop tart Joe_K mornen swetz ::smile Steve_ Hi Gary, everyone swetz hi Steve Gary_W Hi gang (forgot to do it earlier) warren hi Gary and everyone Joe_K Tonight we are laid back more so, I was going to talk on few things relaxed style and Swetz too Joe_K Gary as well if he has anything Dave_M kul Joe_K We'll give it a few Larry joined. Gary_Fullett well was going to talk causual swetz hi Gary W swetz hi Larry Gary_Fullett and soem swetz sttock Larry hi swetz swetz since casual Thursday, I wearing a tie with no shirt swetz ::smile Gary_Fullett lol Joe_K lol Gary_W Hey Swetz. Looking forward to "stock chat with Swetz" swetz ::beer kent joined. vijay hello all ::rose warren are there charts, swetz? swetz kkkkkkkkkkkkkkkkkkkeeeeeeeeeeeeeeennnnnnnnntttttttttt Joe_K morning swetz howdy vijay Dave_M Sw did you get that short today...forgot the symbol but I recall kent sssssssssssssswwwwwwwwwwwweeeeeeeeeeeettttttttttttttttzzzzzzzzzzzzzzzzzz :) Dave_M it sank from 32 swetz no charts warren swetz I did Dave vijay howdy swetzaroni swetz 31.80 warren k vijay where are teh charts Dave_M you da man swetz I think none tonight Art joined. swetz my part was going to be on stock selection swetz but I am open to anything Art left. Artgood_evening joined. Artgood_evening left. Art joined. Doc_K joined. kent ::beer there you go, Kelley, lol kent Hey Art, Doc Art good evening Art hi Kent Kelley lol:) ty Kent kent yw :) Doc_K hello all Whit joined. swetz howdy Doc kent hey Whit swetz howdy Whit swetz howdy kelleyroni danny_holmes joined. Whit Hey guys warren hey Art swetz howdy Art Kelley hi Lil Swetzeroni kent welcome Danny Gary_Fullett hi new people Gary_Fullett open night tonight Art hi warren and swetz swetz welcome aboard Danny vijay drinks on swetz pat Gary is going to have to put on an addition--need more room JohnF joined. Doc_K who all owned apple or sold energies before today? vijay ::beer swetz sweat tea for all JP ::up swetz ::smile JohnF Hey all good evening. kent hey John Joe_K We'll kick off in 2 minutes Dave_M ::beer ::beer ::beer ::beer all around swetz buy'n Joe_K lol Kelley hi John swetz lol, free water for everybody swetz ::smile JohnF hi kent, kelly, lol swetz vijay how about ::wine kent fire water, lol swetz howdy John swetz lol vijay and kent warren still own aapl, Doc Doc_K very good move today warren Joe_K Ok, I guess we'll get hot JohnF todays action low volume low movement. Joe_K First off any questions on anything this week ? warren think Cisco and Apple will resolve the name iphone Joe_K Holiday Mon pdx joined. Joe_K So markets closed swetz welcome pdx Doc_K energies trade on globex as usual joe pdx hello Joe_K cool danny_holmes Tomorrow some markets close early as well Joe_K Ok if no questions on anything I guess we'll get hot Joe_K Wanted to talk on confidence Joe_K a bit vijay ::up Joe_K 2 faced sword Joe_K Myself as a person, in trading Joe_K dont have much Joe_K confidence Doc_K NG sure tested my confidence this week Joe_K What I do have confidence is Joe_K Methodology Joe_K Style Joe_K and my Broker Joe_K for execution Joe_K You dont have to be tough Joe_K in this game Joe_K But you can trust in your work Joe_K Have confidence in THAT swetz ::smile Doc Joe_K I dont know if anyone wrote down goals Joe_K for 07 vijay lose weight Gary_Fullett well good doc Gary_Fullett it helps Joe_K But thats a condidence builder too Doc_K ::blink sweetz JohnF writing down things makes you more prone to actually ATTEMPT them. Joe_K 1 problem folks get into JohnF rather than saying your goals for the new year or in general pdx left. Joe_K Is Winning Joe_K Many say control your losses Joe_K This is true Joe_K But Winning BBob joined. Joe_K gives you natural empoerment Joe_K empowerment Joe_K Makes you sometimes Joe_K Trade more Joe_K settle for less Joe_K After you make some money Joe_K You are loose Joe_K and feel cocky Joe_K It is important to watch this Gary_Fullett confidence is goos Joe_K Anyone ever make sev more trades right after a Win ? JohnF yes. JohnF used to.. Joe_K Kina sometimes settling for bit less Joe_K I know I have kent goos = good swetz was thinking goose kent - thx ::smile Joe_K On Goals also its good to start rating your Set Ups kent lol, yw Joe_K You may be a Spring kinda man Gary_Fullett goos lol Joe_K You may like trading Springs Joe_K You may have 1-5 set ups Gary_Fullett niche Joe_K You like Joe_K You should know your best suneel joined. Joe_K Look for them most Joe_K Thats where your AT your BEST Joe_K So rating them is good Joe_K Many set ups will be born from 1 animal Joe_K CAUSE Joe_K CAUSE is stored Energy Joe_K Looking for a home Joe_K It has to leave the nest Joe_K To get there Joe_K too Joe_K Anytime you find Cause Joe_K Theres a trade kent hey suneel Joe_K coming rhonda left. Joe_K Questions ? Joe_K Comments danny_holmes like your piece on anticipation versus prediction, Joe, this is like confidence versus arrogance, the difference is in the source of strength Joe_K Yes and no Joe_K Confidence in your set ups Joe_K Doesnt matter what you talk Joe_K think Joe_K or know Joe_K Criteria on Set up Joe_K Remains the same Dave_M need a little sager or you'll get eatin alive Joe_K Thats true Joe_K In trading the meek inherrit the Earth Joe_K All 6 feet of it Dave_M lol Joe_K Ok Joe_K So CAUSE Joe_K very important Joe_K Its a Principle yes Joe_K Cause verse Effect Joe_K But its much much more Joe_K Its where EVERYTHING is born from Joe_K Price Joe_K Volume Joe_K Accumlation Joe_K Distribution Joe_K Everything Joe_K Starts from CAUSE Joe_K So just knowing that Joe_K You spot Cause Joe_K You can find a trade danny_holmes Real CAUSE from the market, instead of just (be)cause I "feel" like it! lol Dave_M :) danny swetz ::smile danny JohnF ::ninja swetz lol suneel cause from because, nice one Joe_K You have to rem 1 thing too Joe_K Especially Joe_K If your a Wyckoff trader Joe_K There is no reason on Gods green earth Joe_K You shouldnt be better than Richard Joe_K was Joe_K You have Computers Joe_K You have the whole Methodology Joe_K tossed at your feet Joe_K FREE Joe_K That is serious EDGE Joe_K Why then do 95% traders still LOSE ? kent game is rigged, lol JohnF emotion suneel Lack of Plan of Attack? Gary_Fullett left. Joe_K If you know its rigged then thats EDGE too danny_holmes It's too easy. I need to get back to oil lanterns and hand pumping water and carrying it in a pail back to the house pat My failing has been poor money management Joe_K Thats the root Joe_K Pat kent mine too, Pet Joe_K Powerful statement Joe_K This ties in with Confidence Joe_K selection Joe_K Goals Joe_K ect Joe_K Your routine Joe_K Can be boring Joe_K So boring Joe_K That you can take 1 trade in 1 week Joe_K or 3 months Dave_M mine? long list...proper targets, timing execution, patience... Joe_K OR Joe_K You can be a SWAT artist Joe_K Swat Swat Swat Joe_K Got to be IN THERE danny_holmes I remember Amos once stated on tfc that consistency and confidence in trade SELECTION was what it was ALL ABOUT Joe_K This is gambling Joe_K This is not trading Tom joined. Joe_K You have to build confidence Joe_K The main thing building it JohnF swetz artist? Joe_K Is Experience Joe_K Nobody can give you THAT Joe_K Cant buy it Joe_K Cant trade for it Joe_K You must EARN it swetz ::smile Whit That's a good point, Danny. It's not about the wins Joe_K Well its about winning/ losing Gary_Fullett joined. Joe_K But doesnt have to be win to loss count Joe_K 1 for 1 Joe_K Just value Gary_Fullett frozen back JohnF hi gary swetz ::smile Gary Joe_K You can win 9 trades Joe_K Lose 1 Joe_K Be down Joe_K for the Q Joe_K Its about the Value Joe_K Average winning $$$$ / Losing $$$$ Joe_K Not number of wins Joe_K You can lose 40 trades Joe_K Hit 1 good one Joe_K Break even kent trading is 95% mental, imho, that's why I like the statement, "we have met the enemy and he is us" so much danny_holmes Keeping an even keel, regardless of "good' or "bad" weather. Execution for the "right" reason, that being to get to the destination Joe_K This is important Joe_K Mental Gary_Fullett right danny Joe_K You have to apply to your Work the SET UP Whit agree Danny Joe_K Not Yourself Joe_K If you mentally select Joe_K correctly Joe_K Your not hoping Joe_K Once in the trade Joe_K Your stop Joe_K is there Joe_K Market proves you wrong Joe_K it does Joe_K You drive on Art if you have to be 95% mental , no wonder swetz does so well lol Joe_K Because with good work Joe_K Youll win on average swetz lol Art - I am 95% crazy ::smile Art lol JohnF i think its 95% preparation...ties in with mental... Joe_K It is prep Joe_K definately Whit Swetz has the psychological edge -- it's on one of his T-shirts JohnF love sw preparation JohnF ::ninja Joe_K Knowing your set ups swetz lol Whit Joe_K Because youll see em again and again Whit ::smile Joe_K Trading is routine swetz ::smile John Joe_K Very routine Joe_K Questions Comments ? Gary_Fullett good stuff Gary_Fullett imp JohnF good stuff. Mentality for trades...money management for life. Gary_Fullett imp Joe_K Yes Joe_K So you have computers JohnF those two aspects make up a successful investor/trader Joe_K Wyckoff didnt Joe_K You have books Joe_K Money Management Joe_K Kelly Formula Joe_K Ralph Vince Joe_K Ect Joe_K You have your Method Joe_K Style Joe_K Set Ups swetz Ross formula ::smile Joe_K So again why do 95% lose ? Joe_K Thats powerful losers Joe_K 95% Joe_K That means 5% Win Joe_K WHY Joe_K Stagering differential here folks Joe_K WHY Larry becasue they buy breakouts,lol Joe_K What 1 thing seperates the Men from the Boys ? JohnF confidence. They are able to control emotions. They know their routine JohnF they execute their confident setups. JP they do not follow a method~ JohnF or execute their setups with confidence. Art money manegement Joe_K Yep Joe_K Nobodycares about itmuch Joe_K Just give me a trade Joe_K Thats WHY vijay left. Joe_K There are those who Work Joe_K and those who play Whit women trade well, too Gary_Fullett true Joe_K Your statements will tell you which you are Joe_K Ok I'll turn you over to Swetz Joe_K The Champ Joe_K :) JP thanks Joe Joe_K Sat Class is at 4:00pm JohnF thanks joe. As always quality stuff. Joe_K Eastern Joe_K Here JohnF ::ninja Go SWetz! Joe_K thanks guys swetz ::biggrin Larry good stuff joe swetz okie dokie Joe_K ( We want Swetz We want Swetz We want Swetz ) swetz this may not apply as much to futures traders Joe_K :) swetz but stock traders Dave_M good job joe thanks Joe_K ty swetz have a huge selection of stocks to choose from swetz EXCELLENT Joe - by the way ::smile Joe_K You go Stud Joe_K :) swetz so with so many stocks to choose from swetz we need some methond to narrow our list to a manageable size swetz there are roughly 8000 stocks out there swetz but NOBODY can go through all of them swetz so what I do is this JohnF swetz can. swetz lol swetz cant John - cuts into my food time ::smile Larry higher the neighbor kids,lol JohnF lol Joe_K ( i think he treats em like menue items ) kent lol swetz lol JohnF lol larry swetz I am heavily influenced by the research that William O'Neil and Mark Boucher and Ced Moses swetz have done swetz for stock selection swetz a lot of folks know about William O'Neil swetz one of the best stock traders all of time JohnF ::ninja swetz but Mark Boucher actually did more extensive research than O'Neil did swetz Mark Boucher is a hedge fund manager swetz and for 5-6 years was rated the #1 hedge fund manager swetz based on real results not someones opinion swetz to see for myself if what these guys said were really true swetz I did my own research Joe_K Was he heavy dotcom itus before ? Larry . swetz what I found was this Whit Not really, Joe. His stock selection has always been sound swetz right Whit Joe_K ok ty swetz that if I select the strongest stocks based on their criteria swetz and only concentrate my longs on this select list swetz I not only dont have to worry about looking at 8000 stocks swetz but I am putting my money in stocks that have historically outperformed the market Whit Yes! swetz now what qualifies as a stock that belongs in this select list swetz this is the juicy part swetz ::smile JohnF ::ninja swetz when I look at a stock I am focused on 4 things Dave_M Sweet spot aka Swetz spot swetz lol swetz (1) tremendous earnings growth with quarterly earnings acceleration swetz (2) tremendous sales growth with quarterly sales acceleration Larry . Joe_K This is important guys, ( you may want to write it down ) swetz (3) consecutive annual increase in earnings swetz (4) rising earnings estimates and projected earnings growth swetz now please understand, I am NOT saying fundys are more important than Wyckoff swetz Wyckoff is #1 to me swetz but because I dont want to look at 8000 stocks swetz I have found that narrowing your list to stocks that based on these 4 criteria swetz keeps your focus on the very best stocks that we can use Wyckoff to trade Whit Just to underscore what Swetz is saying, get a copy of Investors Business Daily (IBD). Look at the performance charts of the IBD 100 vs the S&P and the New America vs the IBD -- You will see that the stocks selected by this criteria as a group substantially outperform the general market, and has do Joe_K Swetz couldnt an investor just get a Mark Boucher selection list, and invest accordingly ? swetz great, great point Joe swetz great, great point Whit swetz yes Joe, I totally agree with you swetz in fact, I was lucky enough to see EVERY trade that Mark made in his hedge fund for 2 years swetz so I saw in LIVE trading that Mark knew what he was talking about Whit He had a course on audio tape that he put out several years ago that is quite good and worthwhile swetz I got the course Whit ::smile swetz you are right - great stuff danny_holmes left. swetz so what I do when looking at stock charts swetz I start off using a program called Daily Graphs Online swetz this program has all 4 of these criteria on one page BBob simple folks just use the canslim.net list.. free swetz so I can see very quickly Joe_K lol swetz if the stocks qualify under these 4 criteria Joe_K Whats or who selects canslim ? BBob momo jerks swetz if they do, I put them on my watchlist and I apply Wyckoff to them BBob similiar to ibd joe Gary_W Is that the course with tradersgalleria? Joe_K ok swetz for 2 good examples of stocks that meet these 4 criteria swetz yes Gary W - I got it for free swetz look at CROX and WFR swetz CROX is a stock that Whit mentioned swetz and WFR is a stock that Bob mentioned Whit one of my favs at the moment swetz both stocks have tremendous earnings/sales growth swetz and have strong projected earnings BBob theres only one stress free stock.. ice.. lol JohnF true that bob. swetz the earnings/sales growth is accelerating too swetz so these are 2 stocks that should be on your watchlist swetz now I want to tell you guys, I am not looking for just 20-25% earnings growth swetz I want 100% earnings growth Whit Yes! kent wow swetz I want accelerating earnings/sales growth JohnF ::ninja swetz this list must be the "CREAM OF THE CROP" BBob your a cpa swetz.. I can't read a financial statement at all swetz If you settle for just 25% or so, you will be right back to where you started swetz you will have a list of 200-300 stocks swetz that is too much to focus on swetz so what happens is you MISS trades Joe_K WFR Id watch if she hits 48 level swetz agree Joe Larry . Whit Even on the IBD 100 list (of 100 high quality stocks) only a handful really move, so you need to be selective swetz right Whit swetz if you guys read the SMI Wyckoff course swetz in the first volume Joe_K So what you guys are saying Joe_K Swetz Joe_K Get the selection Joe_K Then Fine groom Joe_K it your way ? Joe_K Wyckoff Joe_K ect swetz exactly Joe Joe_K Cool JohnF yes. Swetz = ::ninja swetz Wyckoff suggests swetz that you can come up with a watchlist 1 of 2 ways BBob amos said sift swetz you can find the strongest leaders swetz and just focus on them swetz this is what I am talking about here swetz the CREAM OF THE CROP kent do you short many stocks? Joe_K This is similar to Commods in a sector I.E. grains buy the strongest sell the weakest, ect swetz yes kent, but different selection process there kent yeah, was wondering what that would be, lol swetz lol, I should have known you would be looking for that swetz ::smile kent ::biggrin swetz right Joe Whit This is using fundementals for stock selection swetz except fundys Joe JohnF yes, sometime before feb you should show us your short selection process. Joe_K The question is Any stocks the strongest like in 86 and still strongest in 2007 ? swetz ::smile Doc_K left. Whit sure, look at XOM and IBM Whit GS and MER Joe_K Well why wouldnt an investor just be in them Gary_Fullett yes Joe_K Proven leaders Joe_K ? Whit can be, if you want Joe_K over time Joe_K ok swetz well you never know Joe, at one time Lucent was a proven leader Whit this is what the Wyckoff Wave is made up of (by SMI)' Joe_K Did Lucent ka putten ? Whit Most of the DJ30, too Joe_K lol swetz lol Joe swetz so I run a fundy scan every weekend or every other weekend swetz looking for the strongest of the strong Joe_K I think for Position Trading ( investing) Fundamentals are good Larry i would think most stocks swetz screens w/earnings growing 100%,etc are going to be less than 5 years old, but there are exceptions, depending if the mkt favors large caps vs small caps, techs,etc Whit are you getting a lot of stocks that you trade that aren't on the IBD100? swetz they ususally are Larry swetz I dont know I dont look at the IBD100 swetz ::smile Joe_K lol Whit they have the strongest fundementals Joe_K It is very different sounding than Commods kent reminds me of a kid in a candy store, so many to choose from, lol swetz right kent Joe_K Yes Kent swetz yes Joe is different because need to find a way to weed the field JP lots of bad one too Whit Yeah, it takes a while to figure out swetz just so many stocks out there swetz got to weed them out somehow JohnF I like to find stocks from "Stocks in the news" section. Thats where I found ice when it was trading at 65 swetz lucky for us - O'Neil and Boucher swetz have told us what to do swetz they have done the research Whit I pay attention to that, too, John swetz and we get to reap the rewards Joe_K So where ya get into problems is looking for some newer Hot performers , trying to beat say a good performer, at a slower percentage steady increase ? Gary_Fullett pay attention to everythiong Whit Another thing I look at is the Value Line lists Gary_Fullett trade wyckoff Gary_Fullett but look at where your niche swetz yes Joe swetz so once you get your list to a manageable size swetz like Gary says swetz a manageable size to me swetz may be different for you Joe_K Swetz how much do you invest of Portfolio as to opposed to how much your have open capital for Trading swetz depends on your niche and the time you can spend JohnF Still risk 2% sw? swetz 30% portfolio swetz yes John JohnF cool, I like that. swetz 20 stocks maybe good for you swetz 50 stocks maybe fine for me Whit Swetz, do you pay much attention to group indexes? swetz I look at sector indexes every weekend swetz on weekly chart Whit we could be brothers in this! JohnF on DGO? swetz I use TC2007 John ::smile swetz lol Whit swetz so once you get your list swetz all you got to do is look for your favorite setups like swetz Joe was talking about earlier swetz like springs, backup after JOC swetz etc. swetz test of spring swetz LPS after SOS Gary_Fullett dont look for classical wyckoff Joe_K lol Gary_Fullett if it happens it happens swetz say you have 25 stocks on your list swetz and what I do everyday kent stocks seem easier ti read than commodities, which makes sense, since Wyckoff traded stocks, lol swetz is find those stocks that are up the most with the most volume Joe_K i think both chart the same swetz because these stocks could be exhibiting SOS or JOC Whit Kent, you have the market as a guide, and also the group index or sector -- it makes a big difference kent I bet swetz then I will look at Daily Graphs Online to see if the fundys are there swetz if so I may kick out one of the stocks on my 25 stock list swetz and add this new one BBob up the most over a period of time.. in last week? JohnF how about relative strength sw? Larry but every stock is going to have support and resistance to trade from, even if not classical wyckoff "looking", imo swetz this is how you keep your watchlist fresh the best performers Whit how frequent is the turnover in your list? swetz yes, I always consider relative strength John swetz up the most in one day Bob with huge volume increase swetz agree Larry swetz I may add - subtract 1-5 a week Art left. swetz I use to try to keep up with everything swetz becasue I was so worried about "missing the move' swetz but all that happened was that I became paralyzed swetz and ended up missing the trade anyway swetz because was overwhelmed Whit sounds famuiliar JohnF same here swetz I still have to fight this because I love looking at charts so much kent lol JohnF you are a much better trader when you accept the fact that you will miss moves and the market will always be there. swetz RIGHT John Joe_K y Dave_M Sw...on the short side...different criteri though the same approach swetz yes Dave Dave_M to watch list swetz but much different criteria Dave_M size , culling, etc Joe_K In fact Ive accepted the fact, youll be watching 80% of time trading 20% Dave_M yes, criteria swetz I agree 1 million percent with you Joe Joe_K THAT was hard to learn swetz Joe talked earlier about trading can be boring Joe_K Because like Kent said Joe_K You get candy store syndrom swetz it can be kent yep, lol Dave_M That's where confidence comes in ....don't concern yourself with swetz but what makes stock trading so much fun to me swetz is finding hidden treasure Gary_Fullett this si good Joe_K So you have to learn to select more ripe stuff trade less garbage Dave_M current holdings as long as stops in place....go hunting Gary_Fullett to discuss how u trade swetz right Joe JohnF The early bird (prepared) AND THE PATIENT one. Gets the worm. Gary_Fullett do u have any questiosn with amos Dave_M Thanks Swetz.... Dave_M good job JP thanks swetz Gary_Fullett the quailty with joe swetz and many others is outstanding swetz we can talking shorting stocks criteria some other time Joe_K Swetz when do you start Tax season ? kent :( kent lol Gary_Fullett what is the criteria to sell stocks short? swetz February 1st BBob you must have a few all time favorites swetz that stil come to mind over and over? Joe_K Ok JohnF Before feb do you think you can go more extensively on scanning for shorts? swetz very true Bob Gary_Fullett not everyonwe can sell short? swetz well, to give you what I look for in shorting stocks is this Joe_K Maybe we should let Swetz do Sat class next 2 weeks Joe_K Before Tax Joe_K time Joe_K If he will ? JohnF with wyckoff I feel much more confident in shorting, but I dont know how to seek them out like swetz does. JohnF ::ninja swetz Stocks MUST have liquidity to short Gary_Fullett i think that is a good thing on saturday swetz so I am looking for stocks that trade at least 1/2 million Gary_Fullett as u al cna let your hair down swetz shares Gary_Fullett any questiosn with amos talk last night? Joe_K Swetz you up for next couple Sat before you do Tax season ? swetz and I am looking for stocks at least $25/share JohnF good talk. Amos is definitely brings different ideas to the table. swetz because need room for them to fall Gary_Fullett well with amos JohnF thanks for bringing him gary! Gary_Fullett his perspective is longer term Gary_Fullett to trade the shorter term Gary_Fullett just be faster swetz shorting stock that trades at $5 is not a good idea swetz because cannot fall very far Gary_Fullett well i asked david to be here as well Gary_Fullett as his has in the past and he will Gary_Fullett when his time permits Gary_Fullett i asked him to come day time too Gary_Fullett and maybe do some live trading Joe_K David on Island again Joe_K lol swetz for shorts, I dont care about fundys Gary_Fullett DR JohnF that would be nice gary. I think ive seen a few logs with him in them. Gary_Fullett domeincian rep Gary_Fullett on saturday JohnF Is it just setups sw? Joe_K lol Gary_Fullett well i want him to look for sets ups JohnF Many leaders make good shorts...when time comes. swetz I do care about PE ratio though Gary_Fullett intraday daty but may be hard for him to do that swetz I want stocks with high PE ratio swetz to short Gary_Fullett why swetz? swetz because those stocks can fall the hardest when things go wrong swetz institutions use PE ration to value stocks JohnF are you more longer term on shorts or still intermediate?? swetz intermediate Gary_Fullett but if a PE is ober priced Gary_Fullett ui lok to sell? Gary_Fullett u look to sell Gary_W Often your former leaders end up nbeing the best ones to short Joe_K How is PE determined ? Joe_K ratio JohnF price/earnings Gary_Fullett price earnign joe JohnF price divided by earnings. swetz well let me put it this way concerning PE ratio Joe_K Price = ? swetz take GOOG for instance Gary_Fullett please do Joe_K Current ? Gary_Fullett price of the stock JohnF as price of stock goes up, pe goes up Joe_K To what ? Joe_K Projected Earnings ? swetz PE ratio is pretty high but I dont mind buying this stock if Wyckoff setup is there JohnF thats why earnings are important. warren earnings per share swetz however, if Wyckoff is in UT position and I have seen supply to come in Joe_K Price / earnings per share swetz then I would rather short GOOG because of high PE ratio swetz than another stock with same UT position after supply with a very low PE ratio swetz GOOG has a better chance of falling harder Larry earnings over last 4 qrtrs swetz yes Larry Joe_K thanks Joe_K ( I think I'll stick with Commods ) Joe_K lol Larry yw JohnF lol joe. Larry lol swetz so I use more technical scans to select shorts warren well would like stock to have earnings or projection lower JohnF this stuff is dark magic to joe. Joe_K Dark Side JohnF ::blink Kelley lol Joe_K But im learning as we go Joe_K So its all good JohnF ::wacko swetz warren - take CROX for example swetz qtr earnings growth and I dont mean just the last one but the last 2-3 quarters Joe_K Swetz " Im your father Luke.." swetz has been great Joe_K lol swetz lol Joe swetz same goes for sales growth JohnF ::ninja = swetz Joe_K Swetz question swetz CROX easily meets the first 2 criteria swetz 3rd criteria - consistent earnings growth swetz CROX has that Joe_K Whats your fav sector you find yourself dabbling in most often ? swetz 4th criteria - they have good projected earnings and estimates have increased swetz so it meets all 4 so that goes in the list warren i mean short when high flying stock fails to meet expectations JohnF technically crox doesnt look too bad either. Canslimmers will go crazy in a few weeks. swetz if it meets 3 out of 4 it may not make it swetz lol John Joe_K what about 3.5 of critera Joe_K lol Whit crox also has good wyckoff characteristics JohnF lol swetz technology/medical Joe Joe_K ok ty swetz retail pretty good too swetz lol Joe Joe_K Does Robotics have anything good ? swetz just remember I am just trying to develop a list that is manageable JohnF joe secretly gets out of chat and joins a stock chat... Joe_K lol Joe_K naw swetz lol Joe swetz lol John Joe_K Theyd toss me Kelley lol Joe_K lol swetz you stock guys warren i bot crox shoe and didnt like -- no good for narrow foot lol swetz if you do this swetz look at the best performing stocks last year Joe_K ( This guy aint a Stockie, smell him ? ) Joe_K lol swetz you will find that most of them share these 4 criteria BEFORE swetz they made the big runs Joe_K No Robotic stuff to invest in, thats decent ? JohnF Robitics will be the next big thing. Joe_K Too me thats the Future swetz I dont get that deeply into fundys Joe ::smile swetz I barely know what 1/2 the stocks I buy/short do Joe_K Robots Cyborgs Joe_K lol swetz I am just using fundys to weed the prospects down swetz look I am a Wyckoff man Joe_K Bio Tech good ? Whit I think about the funmdementals from a supply - demand relationship Joe_K Pharms ? swetz if the Wyckoff setup isnt there, I dont care what the fundys say BBob tech tech.. its all tech... lol Whit Demand will flow to where there is strong fundementals swetz the "big boys" accumulate stocks based on future fundamentals Joe_K True Whit swetz Wyckoff Joe_K Yes swetz swetz allows us to participate swetz in the future fundamentals Joe_K CAUSE Whit Wyckoff has to be there, of course Joe_K :) Joe_K Accumulation swetz before they develop swetz right Joe JohnF ::ninja swetz "big boys" are accumulating swetz Wyckoff teaches us to observe this swetz look at GROW Dave_M gotta run (not literally) LOL thanks for the good discussion Joe and Swetz..... Dave_M good night everyone. JohnF see ya dave. Joe_K UT GROW Larry gn dave Dave_M left. swetz it was in a TR between in the low 20s swetz cy Dave Joe_K 51 bound Joe_K lol swetz in June, July, August of 2006 swetz this TR was reaccumulation swetz GROW qtr earnings BEFORE it JOC and went from 20 to 70 BBob joe.. swetz terminated it.. lol swetz was 200%, 467%, and 999% Joe_K Grow Gre Joe_K Grew Joe_K lol swetz these were the qtr earnings BEFORE the JOC swetz so by using the 4 criteria swetz here is a stock that should be on your watchlist Joe_K Great stuff Joe_K Sweet kent I see 35, lol swetz and you could have taken advantage of before the huge runnup swetz lol kent Joe_K 51 Joe_K lol JP xoxoxoxo ~ good night all JP thank JP s swetz now if GROW develops a distribution TR here JohnF see ya jp gn BBob it will probably build another base to launch from some day.. swetz we got a short candidate swetz because it has high $price, high liquidity, and high PE ratio Gary_Fullett i like te stock talk JohnF Fundamentals + wyckoff can be powerful tools. Gary_Fullett because it helps expand yoru horizon swetz I am ALWAYS using Wyckoff Joe_K Gary going to Dark Side Joe_K lol JohnF lol swetz but just using fundys to narrow down my list to stocks BBob gary likes WEN.. for the cups swetz that historical results show that they perform very well Joe_K OB 1 Gary obi Joe_K lol Joe_K Nobody likes Starbux ? Joe_K lol kent good stuff, swetz, ty swetz good lattes Joe swetz ::smile Joe_K lol swetz thx kent swetz sorry if boring to you kent JohnF last 2 days action sbux dont look too bad. Joe_K Great stuff Swetz swetz know you are not a stock guy swetz ::smile kent no, not at all, I like charts too, lol swetz ::smile Joe_K Kent being hypmotized Joe_K to Dark Side kent lol Kelley lol swetz also I want to say, you can use Wyckoff for ANY stock Joe_K crying swetz it doesnt have to have fundys to trade swetz it Wyckoff style swetz heck, it can lose money every year Gary_Fullett but if u can amke money witrh wyckoff witrh stocks why not swetz and stil be a buy to Wyckoff Joe_K Gary already packing bags Joe_K crying JohnF LOL Kelley lol JohnF join us gary! BBob joe.. you got a prediction for ENR? swetz I am just using fundys to help me keep focus on stocks kent how big an account would you recommend to start to trade stocks? swetz without having to keep up with 8000 Joe_K ( Gary signing up for Mark Brochur letter in background ) Joe_K dang JohnF William J oneil started with 500$ kent. swetz I started with $2000 JohnF same here sw BBob no gary is watching cramer in background swetz used credit card to have that swetz lol swetz true kent lol JohnF LOL bob swetz I know, I was young and stupid swetz now I am just stupid swetz lol Kelley lol JohnF i think seeing crammer would make joe and gary not want to trade equities. swetz lol John Joe_K no opinion Bob swetz lol Bob BBob swetz..you've whipped it good Joe_K ENR Gary_Fullett carmer BBob ok Gary_Fullett from seinfleid? JohnF LOL Kelley lol Joe_K looks ok nothing sticks out JohnF either one i guess swetz lol Gary BBob cramer the queer stock dude gary Gary_W just fade cramer, by the way he has asell on ICE Joe_K LOL Gary_Fullett does he do well? JohnF the crazy guy on CNBC he screams and yells and pushes buttons gary. swetz one weekend, I will show you my TC2007 scans Joe_K Wheres POT< CUP, JOE Gary_Fullett i saw him like a 3 times Joe_K lol Gary_Fullett he is a nut swetz to find longs/shorts kent cool BBob nuts sell swetz Cramer and Gary got something in common - they dont use chairs to sit in JohnF When you mention like 100+ stocks a day...your bound to get one right gary. swetz ::smile Joe_K lol JohnF Thanks SW that would be helpful Joe_K Grain report tom Joe_K Gary polishing News Wires terminals swetz one last thing that I want to say Joe_K lol swetz that Bob brought up swetz and is an excellent idea swetz you could go to FREE canslim.net site swetz and export those stocks into TC3007 swetz 2007 swetz and use technical scans to weed out the ones that have a Wyckoff setup Gary_Fullett david asked me to share if i wanted to BBob I can get the canslim.net excel file for nothing..just don't know what to do with it swetz I am definitely not saying my way is the best way swetz it is just one way Gary_Fullett so if anyone wants what eh wrote me write me at riskybiz99@aol.com Joe_K Looks good Swetz Joe_K Great lecture swetz get TC2007 Bob and export list into it swetz thx Joe JohnF Joe and swetz. Good stuff! Joe_K ty J JohnF ::ninja you guys rock! ::ninja Joe_K Gary that the spread stuff ? JohnF double ninjas to you. BBob just the list or is the data itself important for analysis BBob I have the list in my charting folders and look at swetz if dont have Daily Graphs Online, the list is the most important Gary_Fullett yes joe Joe_K ok swetz thx John swetz lol BBob ok, its the shindlers list.. swetz lol Bob Joe_K lol swetz look you can take your list Bob swetz and run a scan like 10 day low Whit Great talk Swetz -- now I know I'm doing things OK! Joe_K Swetz your on for Sat if your Schedule free swetz lol Whit swetz that scan will help you find springs in your list Bob BBob oh I see.. so I need a package to actually look at data alone Whit Got to go -- have a gn everyone. and thanks again Steve -- really excellent swetz you could use internet sites for fundy data swetz cy Whit JohnF Telechart is pretty cool. I am still trying to understand every tool. Too many indicator stuff though. swetz thx Gary_Fullett ty whit Joe_K night Whit Kelley gn Whit Gary_Fullett appreciate it Gary_Fullett steve is good BBob hmmm... I think I can set up omnitrader that I have to look for lows... Gary_Fullett even though he has weirs shirts Joe_K lol swetz lol Gary Joe_K I like Swetz work habbits Joe_K Strength Whit left. swetz I will let y ou guys knonw that I follow close to 50-75 stocks JohnF Hunger, for money and food. BBob I have a flounder plan for ya ..lol Joe_K lol swetz on the long side swetz and sometimes gets to 1`00 swetz 100 Joe_K Swetz so your exhausted too around midnight ? swetz but I do it all the time kent short? Joe_K lol JohnF see ya guys good night. See ya tomorrow. swetz about 50 kent JohnF great class Joe_K ok John kent busy boy, lol Gary_Fullett okay ty all swetz esp and joe swetz cy John, thx sir Gary_Fullett great job :) Gary_Fullett see u all tommorw swetz thx sir Joe_K thanks Kelley good night Folks, ty Larry ty swetz and joe, great stuff tonite swetz gn Gary JohnF left. swetz thx Larry Joe_K Good mentor Gary kent good night :) Joe_K :) Larry gn all kent left. Gary_Fullett ty Joe_K night guys Larry left. BBob swetz could just give us the list.. lol Joe_K See yas at CC bell swetz yep, best mentor Gary_Fullett left.