Monday, July 27, 2009

Jul 27 2009

The day started well with wins on BCRX, DRYS longs and RIMM short. Then things got boring and narrow, we took small stops on AIG and AXP and finished slightly positive and bored. Such is summer.

Session Time: Mon Jul 27 00:00:00 2009

[08:28] {ese} godd morning....if anybody is hanging
[08:29] {nemo} dude
[08:29] {ese} errrrrr good
[08:29] {ese} dude
[08:29] {nemo} how's weekend?
[08:30] {ese} smoking hot out here.....over 30 celcius
[08:30] {ese} you?
[08:30] {nemo} not quite that hot here, humid though. Been coldest/wettest Summer in the North East in a long time
[08:31] {ese} very interesting of the hotest driest summers on record for the west coast of canada in a long time
[08:32] {nemo} global warming/cooling
[08:32] {nemo} climate change
[08:32] {nemo} wow, climate is it's never done that in history
[08:32] {ese} lots of forest fires burning in the Okanagan Valley in the middle of the province
[08:32] {Threei} uhhu... except they said global warming will translate in rainy summers in our neck of the woods
[08:32] {Threei} good morning
[08:32] {nemo} interloper
[08:33] {Threei} that me is
[08:33] {ese} morning chief
[08:33] {nemo} sorry...three syllables
[08:33] {Threei} ese :)
[08:33] {nemo} hi yoda
[08:33] {Threei} right nemo... see me speaking in one syllable words
[08:33] {Threei} that
[08:33] {Threei} me
[08:33] {Threei} is
[08:33] {nemo} grammatically lacking too
[08:33] {Threei} yes
[08:34] {Threei} so?
[08:34] {ese} only worry for me with the fires in the'll effect the wine crops
[08:34] {nemo} so what
[08:34] {nemo} buy now ese
[08:34] {ese} my god man can you imagine W
[08:34] {nemo} not like you can't
[08:34] {ese} WINE
[08:35] {Threei} JASO Closese on three-year term loans from the Export-Import Bank of China
[08:35] {Threei} - Closed two three-year term loans in the aggregate principal amount of CNY620M (approximately $90....more... (related LQD )
[08:35] {nemo} so you'll go from WINE to WHINE!
[08:35] {ese} ha ha....good one
[08:35] {Threei} (approximately $90.8M) from the Export-Import Bank of China.
[08:35] {Threei} - Both loans carry favorable interest rates that are below the benchmark interest rate set by the People''s Bank of China
[08:35] {Threei} BLTXX Baltic Dry Bulk Index +1.9% first gain in 6 sessions
[08:36] {Threei} DRYS is trying on that
[08:37] {ese} yes indeed
[08:40] {ese} gotta go get coffee..............................and hypodermic needle
[08:51] {Threei} noth a whole lot of news and action so far
[08:51] {nemo} these next two weeks are HUGE vacation weeks
[08:51] {Threei} as a rule, yes
[08:52] {nemo} commutes around boston highways is a "relative" pleasure
[08:57] {ese}
[08:59] {fernp} good morning everybody
[08:59] {ese} hey fern
[09:05] {BillyD} GM all
[09:06] {Threei} fern, billy :)
[09:09] {JohnK} gm folks
[09:10] {Threei} John :)
[09:12] {Threei} okay guys
[09:12] {Threei} not much is happening which is not really surprizing,
[09:12] {ese} pres.......never thought i'd see you on this board.......good to have you aboard
[09:13] {Threei} Mondays are like this lately: action seems to be a weelend hangover
[09:13] {Threei} somewhat lost,
[09:13] {Threei} no clear direction,
[09:13] {Threei} hectic opening with no patterns,
[09:13] {Threei} then flat.
[09:14] {cosmo} .... and you want to go home...right?
[09:14] {nemo} yeah...sounds like a hangover
[09:14] {ese} how dare you describe my like on this board vad!!!!!!
[09:14] {Threei} Let's see if we get something more or less playable,
[09:14] {ese} life
[09:14] {Threei} always cosmo
[09:14] {magoo} morning
[09:14] {cosmo} :)
[09:14] {Threei} mags :)
[09:14] {jfjf64} mornin all
[09:14] {Threei} jf :)
[09:14] {texus} gm all
[09:14] {nemo} resource stocks up though
[09:14] {Threei} sorry ese... I thought I was describing mine
[09:15] {Threei} DRYS maybe a scalp candidate at the open
[09:16] {Threei} on daily 6.30 was forming as a trigger, but it gapped above that
[09:16] {Threei} ideally, pullback into .30 would be a perfect entry
[09:17] {Threei} if we don't get it, then hopefully it forms an opening range narrow enough tp structure break play
[09:17] {larisa} gm :)
[09:17] {Threei} Larisa :)
[09:17] {Threei} JASO, I don't know...
[09:17] {Threei} solars get some attention last days,
[09:18] {cosmo} they rise in the morning....
[09:18] {Threei} whether it's a new play in the sector or traders just go through the motions testing waters, hard to tell
[09:18] {Threei} hmmm cosmo...
[09:18] {Threei} I'll have to ponder that
[09:18] {Threei} see you in three months
[09:18] {cosmo} makes cents
[09:19] {ese} HGSI......22 a share in takeover scenario
[09:19] {ese} whats the historical high on HGSI.....
[09:20] {Threei} Thursday, July 23, 2009 11:39:46 AM
[09:20] {Threei} Human Genome Sciences Inc Hearing Piper Jaffray making positive comments (timing uncertain)
[09:20] {Threei} - Piper suggests HGSI could fetch around $22/shr in a takeover scenario
[09:20] {Threei} look at the date
[09:20] {patel} good morning everyone
[09:20] {Threei} patel :)
[09:20] {Threei} now, BCRX...
[09:21] {Threei} this really is geting tiresome eh
[09:21] {nemo} yeah, making money sucks
[09:21] {Threei} thing has no moral brakes
[09:22] {ese} whats the historical high on that charts only give me a year
[09:22] {Threei} touched on 10.15 earlier
[09:23] {Threei} not sure ese... requires more research than I am willing to do on Monday morning, sorry
[09:25] {ese} ok
[09:26] {BillyD} SQNM strong last few days....
[09:26] {ese} SQNM take over chatter as well.....but the daily chart looks fab
[09:26] {dino} gm
[09:26] {ese} that gets by 6 and skys the lim,it
[09:26] {ese} dino
[09:27] {Threei} dino :)
[09:27] {BillyD} hi dino
[09:27] {Threei} SQNM does look attractive
[09:27] {Threei} let's keep half eye on that for a setp
[09:27] {ese} very
[09:27] {ese} indeed
[09:28] {nemo} dino :)
[09:29] {nemo} GLW earnings bad
[09:30] {Threei} BCRX, letting break go
[09:30] {Threei} waiting for something to shape up
[09:30] {Threei} DRYS...
[09:30] {BillyD} yeah, I almost hit 10
[09:31] {magoo} AET
[09:31] {Threei} too bad you haven't...
[09:31] {BillyD} well, you know why
[09:31] {Threei} yup
[09:31] {BillyD} could be 9.70 in a blink
[09:31] {Threei} ACAD, no news that I see
[09:32] {cosmo} sqnm
[09:32] {ese} L sqnm .93
[09:32] {ese} nice fill
[09:33] {ese} out .02 +.09
[09:33] {BillyD} gj ese
[09:33] {nemo} 20k of the little buggers?
[09:33] {Threei} DRYS pulling back
[09:33] {ese} no just 3k
[09:34] {ese} to thin tks billy
[09:34] {Threei} any dive under .40 deserves an entry on a first sign of strength
[09:34] {nemo} mellowing with age ese?
[09:34] {Threei} with stop under .30
[09:34] {BillyD} HGSI may take the 15 today
[09:34] {Threei} if never loses .40, then .50 break becomes long trigger
[09:34] {ese} ya what can i say
[09:34] {Threei} HGSI 15 long trigger as we talking on Friday
[09:35] {Threei} DRYS tries to go for a break
[09:35] {magoo} on tv
[09:35] {magoo} sigh
[09:35] {Threei} Long Setup: DRYS .50 break
[09:35] {Threei} stop under .40
[09:35] {Threei} President Obama: China and US must cooperate to advance their mutual interests and support economic recovery (related EUR/USD USD/CNY FXI )
[09:36] {nemo} Yeah, you guys gotta' buy our debt
[09:37] {JohnK} well, we buy THEIR junk, it's fair :)
[09:37] {Threei} lol
[09:37] {Threei} DRYS under .40
[09:37] {Threei} too brief
[09:38] {BillyD} u saying buy DRYS under .4
[09:38] {Threei} it's not here nor there yet
[09:39] {nemo} weekend hangover
[09:40] {nemo} bid strength on drys
[09:40] {nemo} oops now selling
[09:40] {ese} L sqnm .93
[09:41] {Threei} I'd say, break is still valid
[09:41] {Threei} although aggressive entry seems to be preferrable
[09:41] {Threei} but it's a kind of personal call
[09:41] {fernp} took .42
[09:41] {Threei} yup, that seems to be the best approach
[09:42] {fernp} I am out. TY Vad
[09:42] {Threei} welcome... scalper to the marrow of his bones :)
[09:42] {ese} out sqnm .01 +.08
[09:42] {fernp} 100% scalper :)
[09:43] {ese} tks
[09:43] {Threei} Long Setup: BCRX .20 break half lot
[09:43] {Threei} stop under 10
[09:44] {Threei} DRYS 1:1 for regular entry
[09:45] {magoo} q server vad?
[09:45] {ese} l sqnm .10
[09:45] {Threei} 19
[09:45] {JohnK} out of DRYS thx T
[09:45] {Threei} sure
[09:45] {magoo} ty
[09:45] {Threei} who partials out, stop for the balance to .44
[09:46] {ese} out sqnm .17 +.06
[09:46] {ese} ok.....maybe a little premature getting out
[09:47] {magoo} out DRYS .61
[09:47] {magoo} ty
[09:47] {ese} it's a good days work......
[09:48] {patel} nice call on DRYS :)
[09:48] {Threei} stop to .49
[09:48] {Threei} maybe a bit too tight but I am not willing to sacrifice much on Monday
[09:48] {Threei} or Tuesday
[09:48] {JohnK} out of BCRX too - thx again T
[09:48] {Threei} or Wed
[09:48] {ese} vad if you get a chance can you give me a pullback estimate on sqnm
[09:48] {Threei} BCRX almost 1:1
[09:49] {Threei} 1:1 with no almost
[09:49] {ese} .10 ?
[09:49] {magoo} you thinking 11 today?
[09:49] {Threei} feels like break rather than pullback ese
[09:49] {Threei} mags... I don't know if this thing has any sensible limits at all
[09:50] {ese} tks took the break
[09:50] {magoo} seems like 11
[09:50] {ese} .L sqnm .32
[09:50] {Threei} 1:2 BCRX
[09:50] {Threei} I am out
[09:50] {nemo} why no partial?
[09:51] {Threei} SQNM like charm
[09:51] {ese} out sqnm .43 +.11
[09:51] {Threei} had jusrt half lot nemo
[09:51] {Threei} didn't make much sense to me to partial
[09:51] {Threei} my risk appetite was a bit too high maybe, lol
[09:52] {Threei} okay, now SQNM seems more likely to do a pullback dance
[09:52] {magoo} out BCRX .55..look to reload prob
[09:52] {magoo} TY vad
[09:52] {Threei} welcome sir
[09:53] {Threei} not going for SQNM break this time
[09:53] {magoo} scalp regret drys..BUT i hate that stok
[09:53] {Threei} dive under 6.20 is tempting if occurs
[09:53] {Threei} DRYS, those who partialled:
[09:53] {Threei} 1/4 more out here
[09:53] {Threei} stop to .55
[09:53] {ese} tks vad....that break advice put me over $1000 for the day
[09:53] {Threei} go home
[09:53] {ese} thing of beauty this stock
06[09:53] * magoo slaps ese around a bit with a large trout
[09:54] {Threei} what else do you need from Monday at the end of July
[09:54] {ese} eeeeeeeeeeeyouch........felt good
06[09:54] * nemo slaps ese around a bit with a large roll of cash
[09:54] {Threei} here is my drop into .20
[09:54] {ese} not a whole lot
[09:54] {Threei} aww, too fast
[09:54] {Threei} or it's me who is slow?
[09:57] {Threei} Preview: June New Home Sales due out at 10amET
[09:57] {Threei} **consensus expectation: 352Ke v 342K prior (+2.9%e m/m)
[09:59] {Threei} waiting out the report
[09:59] {Threei} DRYS stop to .59
[10:00] {Threei} JUNE NEW HOME SALES: 284K V 352KE
[10:00] {nemo} ohoh
[10:00] {Threei} (+11% M/M
[10:00] {larisa} wow
[10:00] {Threei} correcting, 384
[10:00] {nemo} oh
[10:00] {nemo} but month over month, what bs
[10:01] {Threei} JUNE NEW HOME SALES: 384K V 352KE (+11% M/M)
[10:01] {Threei} - prior revised from 342K to 346K
[10:01] {Threei} - Median price $206,200,v $221,600 m/m; -12% y/y
[10:01] {Threei} news typist hit wrong one in aa hurry
[10:01] {nemo} sssloppy
[10:01] {Threei} voice text was correct, 384
[10:01] {Threei} so who knew what was right, lol
[10:02] {Threei} DRYS, last act is coming
[10:02] {Threei} stop to .69
[10:02] {Threei} and getting ready to sump it into spike over .80
[10:02] {Threei} sump = dump
[10:03] {nemo} helluva day there Vad
[10:03] {Threei} out
[10:03] {Threei} .81
[10:03] {Threei} okay... the desk is clear
[10:03] {Threei} what else is out there
[10:03] {nemo} RIMM kinda looking possible short
[10:04] {Threei} BCRX is consolidating closer to high again, lol
[10:04] {Threei} hmm CAT
[10:05] {Threei} if we get sharp dive into 42, will be interesting
[10:09] {Threei} SQNM, now this level doesn't look attractive enough
[10:09] {Threei} want deeper pullback
[10:09] {Threei} as day progresses, tyhere is more wekness
[10:10] {Threei} CAT near 42
[10:10] {nemo} wonder if money going to move to the sidelines with the big auction tomorrow
[10:10] {Threei} but slid there slowly
[10:10] {Threei} no sharp drop
[10:10] {Threei} not sure about entry
[10:10] {nemo} rimm ended up dropping .70
[10:13] {Threei} GM Treasurer: hope to repay govt loans "much sooner" than the 2015 deadline
[10:13] {nemo} 2012 it's all over anyway
[10:13] {ese} closed out my BAC position from last week .81 was long at .44 +.37
[10:13] {Threei} lol nemo
[10:14] {nemo} rimm testing morning lows, no volume spike yet
[10:14] {nemo} oops, fell over
[10:15] {ese} did it ever
[10:15] {nemo} still sell side strength on LII
[10:17] {nemo} RIMM bounce coincided with Qs
[10:19] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[10:21] {ese} lookin to go long sqnm again after the rinse out
[10:22] {Threei} volume dried up on it so much, can't get firm read on it
[10:22] {Threei} no pace
[10:26] {Threei} here is the name we haven't heard in a while:
[10:26] {Threei} VNDA Hearing renewed takeover chatter circulating (15.69, +0.53, 3.50%)
[10:28] {magoo} any read amzn or rimm boss?
[10:28] {nemo} just took this off Big Picture on new home sales: Sales of new one-family houses in June 2009 were at a seasonally adjusted annual rate of 384,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.0 percent (13.2%)* above the revised May rate of 346,000, but is 21.3 percent (11.4%) below the June 2008 estimate of 488,000.
[10:28] {Threei} RIMM... .35 break short
[10:29] {Threei} AMZN, could be a scalp long
[10:29] {Threei} aww
[10:29] {Threei} late
[10:29] {nemo} invalumidated
[10:29] {Threei} meant .90 break
[10:29] {Threei} no chasing
[10:30] {nemo} huh?
[10:30] {Threei} and not sure it's good again
[10:30] {_matt} parameters for rimm short please
[10:30] {Threei} it's invalidated, went over resistance
[10:30] {nemo} below .60?
[10:33] {Threei} RIMM is trying to reestablish
[10:33] {Threei} Short Setup: RIMM .35 break if stays under .50
[10:34] {Threei} invalidated again
[10:34] {ese} roll up the rimm to win
[10:34] {BillyD} tough to get RIMM to cooperate
[10:35] {nemo} not at 77.60 it wasn't?
[10:35] {Threei} ?
[10:36] {nemo} what ?
[10:36] {BillyD} u take it there nemo?
[10:36] {nemo} no, I asked at that level
[10:37] {Threei} I don't understand the question
[10:37] {Threei} RIMM's reestablished
[10:37] {ese} ok learning question....why .35 and not .60
[10:37] {ese} where it would hit resistaqnce
[10:37] {ese} too risky in terms of a break out long
[10:37] {Threei} RIMM 1:1
[10:38] {ese} nice one....who ever took it
[10:38] {BillyD} got it ty vad
[10:38] {Threei} ese... I outline the setup - level of aggressiveness on entry is your decision
[10:38] {Threei} enter on the trigger, or aggressively before it, or conservatively after break and retest...
[10:38] {Threei} can't make this decision for you, it's too, umm, personal
[10:39] {nemo} nice monday morning so far Vad
[10:39] {Threei} 1:2 RIMM
[10:39] {Threei} me out
[10:39] {nemo} at the end of July no less
[10:39] {Threei} yeah, not a small feat, lol
[10:40] {Threei} can I go home?
[10:40] {nemo} You are home
[10:40] {ese} sorry missed vads vads invalidated statement
[10:40] {Threei} invalidated or reestabilshed?
[10:40] {Threei} I made both twice, lol
[10:41] {ese} i get ya vad.......i don't short much so am very curious.....
[10:44] {fernp} first trade for me on RIMM since long time ago. shorted from .39 to .04 ty very much Vad
[10:44] {magoo} any read BCRX vader?
[10:44] {Threei} :)
[10:45] {Threei} yes mags... I can read "you idiot, you missed entry on pullback near 10" written on it
[10:45] {Threei} was easy scalp with .10 trigger...
[10:46] {BillyD} Vad, is there a way to assign sound to your official alerts in Mirc?
[10:46] {Threei} I believe so
[10:46] {nemo} not to the alerts, but to the "floor" so you'll get alerted to all Vad's comments....even the inane ones
[10:46] {Threei} but it needs to be done on your side
[10:46] {BillyD} right
[10:47] {Threei} why, you can set an alert for "long setup" and "short setup"
[10:47] {larisa} you can get sound to "setup" word, it is in every alert
[10:47] {larisa} lol
[10:47] {BillyD} how Larisa?
[10:48] {larisa} right click on vads nick, ifo, highlight
[10:48] {larisa} info
[10:48] {nemo} some setups are informal though
[10:48] {Threei} better yet: right click on my nick - Control - Ignore
[10:49] {Threei} nemo... Billy asked for "official" alerts
[10:49] {Threei} okay guys, so far so good - no stops, and things worked out nicely,
[10:49] {nemo} I'm looking for the word notification myself
[10:49] {Threei} what we have here is slow erosion of activity,
[10:50] {Threei} much like most days during this "summer rally"
[10:50] {nemo} "A failure to communicate."
[10:50] {BillyD} thx Larisa :)
[10:50] {Threei} so I am hesitant to play breaks
[10:50] {larisa} yw
[10:50] {Threei} like BCRX right now,
[10:50] {Threei} forms breakout
[10:50] {Threei} but IMO, more likely to be a trap
[10:51] {Threei} I am skipping it,
[10:51] {Threei} instead looking for pullbacks or range plays to scalp
[10:51] {BillyD} Vad, when you have a minute, can you do an official test setup alert....want to see if works
[10:51] {Threei} if some break works, so be it, I'll miss it
[10:51] {Threei} Long Setup: TEST at whatever price it is
[10:52] {Threei} works?
[10:52] {fernp} works fine. TY larisa
[10:52] {magoo} no quotes TEST
[10:52] {BillyD} not here
[10:53] {BillyD} do I have to put an & in front of threei when adding to highlite
[10:53] {Threei} do you have sound enabled?
[10:53] {BillyD} fern can you help me out
[10:53] {larisa} do not forget to check "enable highlight" on same screen :)
[10:54] {BillyD} I do now Vad...can you please try again
[10:54] {Threei} Short Setup: TEST for magoo to ignore
[10:55] {BillyD} perfect TY
[10:55] {Threei} :)
[10:55] {fernp} Works fine. Billy. just "enable highlight" and select a sound for "Setup" word
[10:55] {fernp} ok
[10:55] {BillyD} hmmm...just went off for you as well fern for the word "setup
[10:56] {BillyD} figured it out
[10:58] {BillyD} HIG strong
[11:01] {Threei} well... 16 break is kind of obvious setup
[11:01] {BillyD} you like it
[11:02] {BillyD} stop is a little wider than I like
[11:02] {BillyD} for this one
[11:03] {nemo} big order @ 16
[11:04] {Threei} I would be more jazzed about it if it established narrower range
[11:06] {magoo} BCRX vad..trying
[11:06] {Threei} NVAX too
[11:07] {Threei} I start thinking, whole BCRX thing is about swine flu
[11:07] {magoo} WFC strong
[11:07] {dino} gern
[11:08] {Threei} I don't see any news GERN
[11:11] {dino} nor i
[11:11] {jfjf64} jpm nice vol
[11:14] {dino} pxp l .95, stop .79
[11:17] {ese} l sqnm .34
[11:19] {dino} pxp to b/e
[11:21] {dino} out pxp .07, +.12
[11:25] {Threei} HIG, if spaneds about 3-5 minutes between .90 and 16, becomes a valid break
[11:26] {Threei} anyone knows what's US % of deficit of GDP?
[11:27] {nemo} 350%+
[11:27] {Threei} annual, not overall
[11:27] {Threei} sorry, I was unclear
[11:27] {nemo} 16%
[11:27] {Threei} ty
[11:28] {nemo} I believe gdp is about 12 trillion
[11:28] {nemo} 13.78 trillion
[11:30] {Threei} AFAIC, HIG is valid setup here
[11:30] {nemo} afaic?
[11:30] {Threei} Long Setup: HIG 16 break if stays above .90
[11:30] {Threei} as far as I am concerned
06[11:31] * Threei slaps nemo around a bit with a large vocabulary of Internet abbreviations
[11:33] {BillyD} DRYS striong
[11:50] {nemo} wow, both NAS an S&P volum at about 110&
[11:50] {nemo} 110%
[11:53] {magoo} dam..missed BCRX
[11:53] {Threei} Preview: French June Jobseekers data due out at NoonET
[11:53] {Threei} anyone's interested?
[11:53] {fernp} DRYS strong
[11:54] {nemo} Bet prostitution is up
[11:57] {dino} lol
[12:00] {Threei} HIG so invalidated
[12:00] {Threei} in fact, why didn't we short .90 break
[12:00] {Threei} lol
[12:00] {Threei} you noticed guys?
[12:00] {nemo} were you in coma?
[12:00] {Threei} over last couple weeks, majority of invalidations could be safely shorted
[12:00] {BillyD} all the levels of support down
[12:00] {BillyD} keeps me from doign it
[12:01] {BillyD} especially with mkt upticking
[12:03] {dino} cat s .25, stop .41
[12:07] {larisa} HIG signalled short for me at 11:08, 11:35, 11:54. did not take any of them though:)
[12:07] {Threei} last two would be good
[12:08] {nemo} RIMM Vad setting up for short
[12:08] {Threei} first would work too but try your nerves firast
[12:08] {Threei} .85 break?
[12:08] {Threei} if stays under 77?
[12:08] {nemo} seems reasonable
[12:08] {Threei} strucrure is right
[12:08] {nemo} not that I would consider my opinion valid
[12:09] {Threei} time of the day is more prone for random outcomes
[12:09] {nemo} Qs look like they might be bottoming
[12:09] {larisa} stop it nemo:) you reading RIMM pretty good, nice call short earlier today
[12:09] {nemo} or turning up, which will probably take rimm with it
06[12:10] * Threei slaps nemo around a bit with a large suggestion to drop this humility crap
[12:10] {nemo} my first broken clock moment larisa...but it is lunchtime,
[12:10] {nemo} I consider it honest analysis...other things I know much better
[12:11] {BillyD} SQNM....times past seems it can't hold a gain w/out a shake
[12:16] {jfjf64} afl l .51
[12:16] {dino} cat stopped
[12:16] {nemo} rimm invalumadated
[12:16] {Threei} TASR Announces new multi shot TASER device
[12:16] {Threei} oh good
[12:17] {Threei} now they can be sued multiple times over a single encounter
[12:20] {dino} amgn l .29
[12:20] {dptl} good day all......late today was out fishing :)
[12:20] {Threei} missed a few good one... but hello anyway
[12:21] {ese} out sqnm .64 +.31
[12:21] {dino} gj
[12:21] {Threei} wtg
[12:21] {ese} tks
[12:22] {larisa} nice ese
[12:24] {ese} tks....have a 1:20 tee time....have to pay for it
[12:24] {nemo} you buying the course?
[12:25] {larisa} tee house :)
[12:25] {ese} would love to someday.....with vads help...that could be possible
[12:30] {Threei} but I no golfer
[12:30] {nemo} RIMM back?
[12:31] {BillyD} you could be silent investor Vad
[12:31] {Threei} me? silent? HAH!
[12:31] {Threei} fat chance
[12:31] {BillyD} sorry, sarcastic investor
[12:31] {Threei} that's me
[12:31] {Threei} no nemo
[12:31] {Threei} too random
[12:32] {Threei} can work or can shake, 50/50
[12:32] {Threei} it went so far up that in fact it was a much better setup at 77 break if you wanted short
[12:36] {dino} esi, snda
[12:38] {jfjf64} afl been gd to me will go .61 l from here
[12:43] {ese} L drys .86
[12:44] {ese} this will be an over night hold unless it goes nuts a t close
[12:48] {BillyD} AIG holding up
[12:49] {ese} so is drys....q"s heading dn....drys heading up
[12:49] {dino} vsm, wide snda l.55
[12:49] {BillyD} Vad, any AIG thoughts on momo if takes 13
[12:50] {Threei} it's a two day's high
[12:50] {Threei} tempting
[12:50] {ese} dino whats's not showing up on my screen
[12:50] {Threei} let's just see if it manages to stay above .90 long enough for a tight stop
[12:51] {patel} any thoughts on MSFT
[12:51] {dino} very small
[12:52] {BillyD} fern, please see dcc
[12:52] {Threei} not really... no slightest signs of long, and short on 23 breakdown, while possibe, will offer just a small scalp most likelty
[13:00] {Threei} yawn
[13:00] {fernp} out DRYS from .83 +.09 (double bottom, after a pullback, one of my favorite setups)
[13:01] {magoo} vad..we i anything
[13:01] {Threei} in coma
[13:01] {Threei} wtg fern
[13:01] {nemo} awww Vaaaad
[13:01] {fernp} ty
[13:01] {BillyD} fernp see dcc
[13:02] {Threei} indirect bidders take 47.8%
[13:02] {Threei} Nissan Motor Co., Ltd Expects to launch all-electric model in the US & Japan in 2010
[13:03] {magoo} i ronic though...nobody wants to buy these
[13:07] {Threei} they
[13:07] {Threei} will solve that mags
[13:07] {Threei} yhey'll increase taxes on oil/gasoline,
[13:08] {Threei} giove insentive to buy green vehicles (at taxpayer expense of course)
[13:08] {Threei} and everyone will want to buy those
[13:09] {Threei} solar energy too expensive? tax oil. Problem solved
[13:09] {Threei} never mind that insentive to work on technology to make solar cheaper got killed
[13:09] {Threei} incentive too
[13:12] {BillyD} AIG trying
[13:13] {Threei} looks better and better
[13:15] {Threei} one-two bars more please
[13:15] {Threei} then break
[13:17] {fernp} stop under .90, if breaks 13, no??
[13:17] {Threei} yes
[13:17] {Threei} for hardcore scalpers under .95 but that has hgiher chance of a shakeout
[13:18] {fernp} ty. under .90 for me
[13:18] {Threei} hear that chomping saound?
[13:21] {Threei} pesky scalpers have 1:1
[13:21] {Threei} AIG moves against market and against FAS
[13:23] {Threei} SEC to reportedly make rule 204T permanent to reduce abusive naked shorting
[13:23] {Threei} - considering banning naked CDS or requiring reporting of all short interest in CDS contracts
[13:25] {fernp} I want to be a pesky scalper :)
[13:25] {Threei} no go for daytraders
[13:25] {BillyD} oh well
[13:34] {_matt} opinion on reversal play on aks off 18.98 on quick spike and getting in after 19.00?
[13:36] {Threei} can't tell in advance without seeingh how it gets there
[13:36] {Threei} the point is,
[13:36] {Threei} if it drops fast into levels you are interested in it's one thing,
[13:36] {Threei} and if it slides slowly into them, it's another
[13:37] {Threei} equally important is the price where it tops out before dropping there
[13:39] {_matt} very educational, thanks
[13:40] {Threei} sure
[13:41] {jfjf64} vad aig 13 break ya lk
[13:42] {Threei} again?
[13:42] {jfjf64} yes
[13:42] {Threei} no :)
[13:42] {jfjf64} ty
[13:42] {Threei} works much better as a bounce
[13:42] {jfjf64} how did i know that
[13:44] {Threei} ummm... because it stopped us on a break but bounced like a rubber ball?
[13:46] {BillyD} DRYS
[13:47] {jfjf64} how axp look to ya 50/50
[13:48] {Threei} don't know
[13:48] {Threei} weird dive on it
[13:48] {jfjf64} very
[13:49] {Threei} US Rep Frank: "Too big to fail" issue will not exist in the future 'if we do our jobs' correctly (related XLF )
[13:49] {Threei} oh boy
[13:49] {Threei} I have a so many comments to this one, it's not even funny
[13:49] {ese} i'm back....drys is looking real good Billy
[13:50] {Threei} remember last week I said, DRYS is not dropping anymore and even trying daily range highs while Baltic Dry index drops every day
[13:51] {Threei} that was clue to jump on a first day index reversed
[13:51] {Threei} [08:35] {Alert} Threei BLTXX Baltic Dry Bulk Index +1.9% first gain in 6 sessions
[13:51] {Threei} [08:36] {Alert} Threei DRYS is trying on that
[13:52] {ese} and succeeding
[13:55] {BillyD} AXP may be a short if stays under 29 and breaks .90
[13:57] {BillyD} Vad, you like DRYS if breaks
[13:58] {ese} I do.........i'm in at .86
[13:58] {BillyD} :)
[13:58] {larisa} lol
[13:59] {Threei} do I have any other choice now than "no"? we have to hedge each other, right?
[13:59] {ese} ya.....I thought that was prety funny
[13:59] {jfjf64} vad here in lot about flash trading you know anythin hurt us or help us??
[14:00] {magoo} vad, how i add a new chart too laser?
[14:01] {Threei} jf... it will hurt you badly if you read and think a lot about it
[14:01] {nemo} view=}chart
[14:02] {magoo} ty, now how i get a stock symbol in it?
[14:02] {Threei} bunch of bs from whole bunch of people who know nothing about the issue...
[14:02] {Threei} mags... drinking already?
[14:03] {BillyD} BCRX inching up
[14:03] {magoo} why yes..yes i am
[14:03] {larisa} magoo was trading without charts ?
[14:03] {nemo} do you want to use it to trade Mags, or use it with existing windows
[14:03] {Threei} thought so
[14:03] {magoo} just as another stock to follow
[14:03] {magoo} not connected to lev 2
[14:04] {nemo} so, you want to follow one stock all the time, or be able to change stocks?
[14:04] {Threei} to put a stock symbol in it you need to do this very complicated manipulation, mags:
[14:04] {Threei} click on it,
[14:04] {Threei} then gently hit the key wioth first letter of your stock symbol on it,
[14:04] {Threei} then hit second key with second letter of symbol,
[14:05] {BillyD} rflol
[14:05] {Threei} and repeat it until whole symbol is typed in
[14:05] {Threei} then hit this big one which says Enter
[14:05] {Threei} close your eyes
[14:05] {Threei} and when you open them again, voila
[14:05] {magoo} how do i know which stock symbol to enter??
[14:06] {BillyD} go ahead Vad
[14:06] {Threei} for that you need to bring chicken entrails to trading gods altar
[14:06] {Threei} and say kreks peks phecks three times
[14:06] {Threei} in the miodnight, on the crossroad
[14:06] {Threei} spit three times over lweft shoulder
[14:07] {Threei} and go back home.
[14:07] {nemo} at full moon...the tough part will be finding a virgin
[14:07] {Threei} In the morning, the symbol will be revealed to you
[14:07] {jfjf64} bcrx
[14:07] {Threei} see? jf did just that yesteray
[14:11] {jfjf64} lkin hig
[14:12] {dptl} lol
[14:14] {ese} mags am i detecting your getting no respect here?
[14:16] {ese} I feel for ya.......I've been on the receiving end of this crew as well......brutal
[14:17] {Threei} full room of roger dangerfields...
[14:18] {nemo} who?
[14:19] {magoo} ty btw
[14:19] {magoo} ie chats
[14:19] {Threei} A selection of Rodney Dangerfield humor
[14:19] {Threei} I dont get no respect was, of course, his
[14:19] {Threei} signature line
[14:20] {magoo} look BCRX
[14:20] {magoo} i said 11 twice earlier
[14:20] {Threei} you did
[14:21] {jfjf64} we gonna test high vad bcrx
[14:21] {magoo} any read AMZN boss
[14:24] {Threei} no, not after suuch spike
[14:26] {magoo} CAT read?
[14:26] {ese} am outta here ladies and gentlemen.....see ya tomorrow. golf awaits with my son
[14:27] {nemo} thanks for the warning ese
[14:27] {dino} "1,044 daily record low temps. have been broken this month nationwide"
[14:28] {Threei} take care ese
[14:28] {Threei} CAT, the only thing I would play on it is a little bounce, staying under .70, then short on .60 break
[14:32] {jfjf64} if breaks .70 wd ya lk long
[14:32] {Threei} no
[14:32] {jfjf64} ty
[14:35] {dino} green coming
[14:36] {Threei} green shoots you mean?
[14:38] {dino} not!
[14:40] {dino} amgn to .41
[14:40] {dino} out +.12
[14:49] {dino} esi sm l .60 wde
[14:56] {jfjf64} snda statin up
[14:56] {Threei} Fed's Plosser: Will need to increase rate before unemployment reaches highest levels; there is risk of inflation in late 2010
[14:56] {Threei} - Exit strategy will require many tough choices
[14:56] {Threei} - Unsatisfied with the Obama's systemic regulator plan as the Fed may be assuming too many roles
[14:56] {Threei} - Sees growth as positive in 2H09
[15:00] {jfjf64} axp bounce vad
[15:01] {Threei} feels lower
[15:03] {jfjf64} looks it
[15:06] {Threei} almost ready for as bounce
[15:07] {jfjf64} lets go
[15:07] {Threei} not yet
[15:07] {Threei} very soon
[15:07] {magoo} which AXP?
[15:07] {jfjf64} wait on yaaaaaaaaaaaaaa
[15:07] {Threei} .35 long
[15:07] {Threei} stop .28
[15:07] {Threei} as all bounces, could taker a few tries
[15:08] {Threei} don't touch it if not ready to try a few times
[15:08] {nemo} which stock
[15:08] {Threei} AXP
[15:08] {Threei} 15:00] {jfjf64} axp bounce vad
[15:08] {Threei} [15:01] {Threei} feels lower
[15:08] {Threei} [15:03] {jfjf64} looks it
[15:08] {Threei} [15:06] {Threei} almost ready for as bounce
[15:08] {Threei} come on, follow the train of thoughts
[15:08] {dino} esi stopped
[15:08] {nemo} had to step away, missed it
[15:10] {Threei} not this time
[15:12] {Threei} shakout
[15:12] {Threei} see if pulls back under .40 for another chance
[15:15] {jfjf64} stopped to penny grrrrrrrrrrrrr
[15:15] {Threei} yeah, by two cents
[15:15] {Threei} rude
[15:16] {jfjf64} .26 here
[15:19] {BillyD} Vad, you thinking re-enter AXP?
[15:20] {BillyD} or play over
[15:23] {Threei} should give one more
[15:23] {Threei} for doluble bottom
[15:23] {Threei} .40 break
[15:23] {Threei} or dive into .30
[15:24] {Threei} whichever comes first
[15:25] {magoo} JAZZ takes 6
[15:25] {Threei} I see no news
[15:26] {Threei} something's worng with AXP
[15:28] {BillyD} done with it]
[15:28] {Threei} yeah, let's leave it alone
[15:28] {Threei} there is something behind this drop, other than just market following
[15:36] {Threei} anyone sees anything on JAZZ?
[15:38] {fernp} not here Vad. Nothing in Dow Jones News
[15:39] {Threei} ty... nothing here
[15:44] {dino} all dyer snda out .25, +.70
[15:45] {dino} dayer
[15:45] {BillyD} BCRX
[15:48] {Threei} nice patience dino
[15:49] {dino} thx
[15:53] {Threei} sheesh JAZZ
[15:53] {Threei} finishing near high
[15:55] {Threei} and makes new one
[15:55] {Threei} okay guys. thank you all
[15:55] {Threei} have a good evening, see you tomorrow
[15:55] {patel} take care vad
[15:55] {fernp} good evening all
[15:56] {magoo} WAIT VAD
[15:56] {dptl} have a good evening all
06[15:56] * magoo slaps Threei around a bit with a large trout
[15:56] {Threei} too late, I've left
[15:56] {BillyD} lol
[15:56] {Threei} :)
[15:56] {larisa} bye:)
[15:58] {magoo} bye all..ty


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