RealityTrader Trading Log

Thursday, March 20, 2008

Mar 20 2008

Session Time: Thu Mar 20 00:00:00 2008

[08:31] {Onix} Good morning
[08:32] {Onix} well .. at least I hope it is going to be a good morning!
[08:34] {Threei} Good morning
[08:35] {Threei} *INITIAL JOBLESS CLAIMS: 378K V 360KE; CONTINUING CLAIMS: 2.865M V 2.840ME
- Prior Initial Jobless Claims revised from 353K to 356K
[08:35] {Threei} - Prior Continuing Claims revised from 2.835M to 2.833M
[08:45] {magoo} mornimng
[08:45] {Threei} magoo :)
[08:49] {magoo} hello vad..my scanner says account expires in 2 days ?
[08:50] {Threei} please dcc me your username, I'll check up on this
[08:51] {magoo} the "connected as?"
[08:51] {Threei} yup
[08:52] {magoo} sent
[08:52] {magoo} oh, i emailed
[08:53] {Threei} got it
[08:56] {Threei} check noqw
[08:57] {magoo} wow..your good...186 days ..TY
[08:58] {Threei} welcome :)
[08:58] {Threei} anyone ever traded or observed ABK?
[09:00] {dptl} good morning all
[09:00] {Threei} dp :)
[09:00] {magoo} we played it
[09:00] {Threei} ugh, sorry, wrong symbol
[09:00] {Threei} ABX
[09:01] {Threei} Barrick
[09:02] {Threei} lost major support
[09:02] {Threei} overall has this look and feel of big unwinding
[09:02] {Threei} gotta watch to get a feel for how it trades
[09:03] {tomg} gm all
[09:03] {Threei} tom :)
[09:08] {esemde} good morning/
[09:08] {Threei} ese :)
[09:09] {dino} gm all
[09:09] {Threei} dino :)
[09:10] {dino} abx gold stock
[09:10] {Threei} yup, Barrick
[09:10] {dino} gold lost about 6% yesterday, thats about $60/ounce
[09:10] {Threei} not gold stock... THE gold stock :)
[09:11] {dino} hmmmm, 3i getting emotional
[09:11] {patience} i trade Barrick frequently, mostly options....Barrick broke below $48...and is in trouble. Bought puts in ABX and other golds this week
[09:11] {GeoArb} gm all
[09:11] {Threei} geo :)
[09:11] {patience} gm btw :)
[09:12] {Threei} morning patience :)
[09:12] {dino} patience, your nick should be the oracle
[09:12] {patience} nope, i just spend alot of time reading lol
[09:13] {dino} :)
[09:13] {Threei} see... I always knew it was good for you to know letters and have the skill to put them together so they form words
[09:13] {Threei} also, to read makes us speak English good
[09:15] {Threei} (poor Raven)
[09:16] {Raven}
3 {}
[09:16] {bruce} are thre options in bsc - if so shoulda bought puts a week or so back
[09:17] {Threei} better yet, on 10/052007
[09:17] {Threei} V
[09:17] {Threei} UNDERWRITERS EXERCISE OVERALLOTMENT OPTION OF 40.6M SHRS
[09:17] {Threei} now, why would they do that
[09:20] {ThurstonHowellTheThird} gm all
[09:20] {Threei} thtt :)
[09:22] {magoo} vad, quick ?
[09:22] {bruce} big drop into support bvn yesterday dino
[09:22] {magoo} when u make call..say loss of ..99
[09:23] {magoo} are u watching and entering manually or is there som limit order auto?
[09:23] {Threei} manually
[09:23] {Threei} you can set auto via OMS I believe
[09:23] {magoo} cause i keep missing enntries
[09:23] {magoo} have to chase a little
[09:23] {Threei} this is a matter of a stock being thick enough for entry
[09:23] {magoo} 'seems they are sitting and then woosh
[09:23] {Threei} not the manual vs auto
[09:24] {Threei} if there are no bids to hit, however you send it won't make a difference
[09:24] {magoo} like JPM sh last afternoon...u said like .99..woosh
[09:24] {Threei} that's why my limits are a bit beyond the price I want
[09:24] {magoo} it went thru it to .89 in blink.. i missed
[09:24] {bruce} isn't that the way it goes mags? - the ones that really break deciseively tend to best winners
[09:25] {bruce} but don't give muchchance to enter w/out chasing
[09:25] {Threei} it's simply a matter of defining how far you are willing to chase, setting order there and adjusting your size accordingly
[09:26] {Threei} if there are shares available at better price you'll get them
[09:26] {magoo} how far do u recommend chasing?..say on that JPM
[09:26] {Threei} if not, you'll get your limit
[09:26] {Threei} and if no shares even there, oh well
[09:26] {Threei} my usual is 3-5 cents
[09:26] {magoo} ok..
[09:26] {magoo} see V spike
[09:26] {Threei} if it wooshes by I wait a little for possible bounce
[09:27] {Threei} if it continues decisively not giving me a fill I cancel
[09:27] {dino} bvn commodity stock
[09:27] {bruce} k
[09:27] {bruce} pot as well - looks like reversal candidate
[09:29] {bruce} same pattern mon
[09:29] {magoo} vad, how come we haven't been playing QID lately?
[09:29] {Threei} you've seen much pattern following in NASDAQ chart? :)
[09:30] {dino} nov interesting, apol watching
[09:30] {bruce} k
[09:31] {dino} ibn downgrade
[09:31] {Threei} watching ABX bounce with idea of short at 43.05
[09:31] {Threei} 43 limit for order
[09:31] {Threei} if sets up from here stop above .30
[09:31] {bruce} crox vad
[09:32] {Threei} got .05
[09:32] {magoo} see.i didn't get that
[09:32] {Threei} half out .66
[09:32] {Threei} stop 43.10
[09:33] {Threei} out
[09:34] {Threei} how did you send it magoo?
[09:35] {Threei} RUSSIAN SECURITY SERVICE DETAINS TNK-BP OFFICIAL, BRITISH COUNCIL, CHARGES HIM WITH COMMERCIAL ESPIONAGE
[09:35] {Threei} welcome to cold war, part 2
[09:36] {GeoArb} vad.... you and putin need to talk...
[09:36] {dino} sit him in the clink for a year before deciding what to do
[09:36] {GeoArb} really....
[09:36] {Chaeron} GM all
[09:36] {Threei} chaeron :)
[09:36] {cosmo} espionage is the worlds second oldest profession...
[09:36] {bruce} lol cosmo
[09:37] {Threei} 07:01am [IDMI] Reports Q4 -$0.11 v -$0.26e, R $5.6M v $3.2M
[09:38] {Threei} couldn't read re-entry for ABX, bounce was a bit too wide
[09:40] {Threei} MF .50 break short
[09:40] {Threei} over .65 invalidated
[09:41] {Threei} .61 stop
[09:42] {magoo} in that
[09:42] {Chaeron} here too
[09:42] {magoo} if bruce is also..kiss of death
[09:42] {magoo} the 3 of us
[09:43] {magoo} vad, news BIDU?
[09:43] {magoo} down 70 points in 6 days
[09:43] {dino} fwlt blood
[09:44] {Threei} half out MF
[09:44] {bruce} im in mags - sorry
[09:44] {Threei} +.29
[09:44] {Threei} stop .51
[09:45] {Threei} even bruce couldn't kill this play, that's how good it was {G}
[09:45] {bruce} out mf =.20
[09:45] {dptl} +.16 for me mf ty
[09:45] {GeoArb} .2 for me TY
[09:45] {magoo} out TY vad
[09:45] {Threei} welcome guys
[09:46] {bruce} I should just announce the ones I neter so you folks can bail immediately
[09:46] {Threei} yeah, and leave you to profit alone?
[09:46] {Threei} out balance
[09:47] {Threei} got greedy a bit
[09:47] {bruce} I'm not greedy
[09:47] {Threei} had bid for second half at .05
[09:47] {Threei} and thing bottomed at .08
[09:47] {bruce} I thought a drop to 8 was reasonable in it but gald I dumped when it started to spike
[09:48] {Threei} everyone forgot about VLNC swing trade alert from yesterday I am sure
[09:49] {bruce} ibn looks like possible long now dino
[09:50] {dino} thinking same
[09:51] {dino} no, cx that, was thinking bvn
[09:51] {dino} ibn, i want yo short near hod
[09:51] {bruce} k
[09:51] {bruce} watching it too - ibn had a spike needs to drop again
[09:52] {bruce} mon had nice dump and recovery but don't see any way to have played it
[09:52] {dino} missed
[09:53] {Threei} FDRY .70 break long
[09:55] {bruce} if fdry breaks looks like stop needs to be .57 or so - what you thinking vad?
[09:55] {Threei} watching this pullback to define stop
[09:55] {bruce} k
[09:55] {dino} gold -$30 more bucks
[09:56] {Threei} ABX 43 resistance
[09:56] {Threei} worth a shot on short side, small shares
[09:56] {Threei} stop above 43
[09:57] {Threei} with attempt to hold it for bigger move
[09:57] {dino} bvn sm l .34
[09:57] {magoo} entry?\
[09:57] {magoo} ABX entry?
[09:58] {Threei} it has no trigger
[09:58] {Threei} as close to 43 as you can get, small shares
[09:58] {Threei} so you would be comfortable with stop
[09:58] {bruce} k- wondered if you had entered it already vad
[09:58] {Threei} .73
[09:59] {Threei} and VLNC .24
[09:59] {Threei} VLNC not a day trade most likely
[09:59] {Threei} SOLF TICKING HIGHER ON TAKEOVER CHATTER- Sunpower rumored as potential acquirer{
[10:00] {bruce} k
[10:00] {hawkfan4} grabbed vlnc at the close yesterday vad, .09
[10:00] {Threei} *FEB LEADING INDICATORS: -0.3% V -0.3%E- prior revised from -0.1% to -0.4%
[10:00] {Threei} *MARCH PHILADELPHIA FED INDEX: -17 V -19E
[10:00] {dino} oih $ move
[10:00] {dino} uip
[10:00] {dino} up
[10:01] {Threei} FDRY stop .59
[10:03] {dino} out bvn 66.34, +2.00
[10:03] {Threei} stopped ABX
[10:04] {dino} tough crowd
[10:04] {hawkfan4} nice dino :)
[10:04] {bruce} wow dino
[10:04] {bruce} you must have cuaght alost exact bottome bvn
[10:04] {dino} ty, bruce's spot
[10:05] {dino} i posted see above 64.34
[10:06] {dino} ibn you were right, i was wrong
[10:06] {dino} never entered
[10:09] {dino} gtls
[10:09] {curtisweese} l aapl 130.47 morning!
[10:09] {bruce} we'll find more
[10:09] {Threei} morning curtis
[10:10] {Threei} VLNC, my little beauty
[10:13] {esemde} NUAN long 18.24 1/2
[10:13] {Threei} looked at it too ese, and missed
[10:14] {Threei} looks promising
[10:14] {esemde} just barely got in Vad......didn't think I was going to get in either
[10:15] {esemde} I think I have goofy broker ...get these weird fills
[10:16] {Threei} scalpers can trail FDRY stop to .64
[10:17] {dino} who's your broker, disney?
[10:17] {Chaeron} lol
[10:17] {esemde} I think so dino....
[10:18] {esemde} Questrade in Toronto
[10:19] {curtisweese} jeez dino... +$2?!?!?! nice!
[10:20] {dino} lucky
[10:21] {bruce} bvn still looking long dino - would prefer an entry near 66
[10:23] {Threei} beautiful NUAN
[10:23] {bruce} what do y9ou think of ptr long dino?
[10:24] {dino} 65.50
[10:24] {dino} bvn
[10:24] {Threei} FDRY almost 1:1
[10:24] {esemde} OUT NUAN .49 + .25
[10:24] {Threei} wtg
[10:24] {esemde} 1:1
[10:24] {dino} trades w/oil, petro china
[10:24] {bruce} k
[10:24] {esemde} worked like a diagram that time....
[10:25] {esemde} it's going higher though
[10:25] {dino} pull the oih use it as a guide
[10:26] {bruce} abx looks long vad
[10:26] {bruce} got it up dino
[10:26] {dino} odfl thoughts
[10:27] {curtisweese} out aapl made .51
[10:28] {bruce} 2 buck spike in cree dino- may have short potential
[10:29] {dino} can't borrow cree for me
[10:29] {bruce} would hate to go long odfl long here
[10:29] {dino} i like it short here fwiw
[10:30] {bruce} I like itshort - but inclined to wait for it to start fading
[10:30] {curtisweese} l aapl 130.59
[10:31] {bruce} risk is small if we truy short here
[10:31] {bruce} just as well we waited - breaking some new highs
[10:32] {dino} cree?
[10:32] {dino} i was talking cree
[10:32] {dino} ibn break of .00 s
[10:33] {bruce} l abx .36 w 20c stop
[10:33] {dino} oih hod
[10:35] {dino} risky, sm l drys .10
[10:35] {bruce} stopped abx
[10:35] {esemde} morning patience........did the power just go out at your place.....mine just went out over here?
[10:39] {bruce} l exz at74 15c stop
[10:41] {bruce} stopped ewz - drat
[10:41] {dino} drys stopped
[10:41] {dino} -.50 sm
[10:43] {bruce} sorry dino - I hate drys - never had winning trade in it
[10:44] {dino} nov l .50, stop .18
[10:45] {dino} mdvn
[10:45] {dino} drys off my screen
[10:47] {Threei} RIMM .41 long if holding above .25
[10:48] {curtisweese} i'm still long aapl...stuck in pretty much even :(
[10:48] {Threei} over 1:1 RIMM
[10:49] {dino} out nov
[10:49] {dino} +.54
[10:50] {curtisweese} dino is on fire!
[10:50] {Threei} that's his usual state
[10:50] {dino} somebody save me, the mask
[10:51] {Threei} we normally keep fire-extinguisher around him
[10:51] {bruce} nice one dino
[10:52] {Threei} out RIMM in full +.54
[10:52] {GeoArb} missed rimm.... did 42 limit
[10:52] {GeoArb} must be doing something wrong
[10:52] {Threei} 1 cent is a bit too small for volatile stock
[10:52] {GeoArb} :)
[10:53] {magoo} out 07 rimm TY
[10:53] {Threei} welcome
[10:53] {Threei} VLNC makes my day
[10:53] {Threei} new 52 week high
[10:54] {dino} mdvn l .00, stop .83
[10:54] {curtisweese} out aapl made .24
[10:55] {curtisweese} s aapl stop at 131.05
[10:55] {Onix} Enjoy .. gotta go to regular job now
[10:56] {bruce} l apol 55.09 - stop 15c
[10:56] {dino} bid falling out of avtr
[10:56] {Threei} take care onix
[10:56] {dino} later onix
[10:57] {curtisweese} out on aapl...had a weird fill and bailed on everything :)
[10:58] {dino} rrgb
[10:59] {tomg} brcm vad?
[10:59] {Threei} if market spikes here it's scalpable
[11:00] {tomg} ty
[11:00] {Threei} I wouldn't count on more, this one requires sizeable rally to move bigger
[11:00] {Threei} rally very well may be in cards
[11:01] {Threei} but there is no really way to tell the odds
[11:02] {tomg} have to leave soon, better stay out
[11:02] {Threei} anyone took VLNC?
[11:03] {Threei} I didn't provide timely commentary on partialing out thinking that no one did
[11:03] {Threei} let me know if there is a need
[11:03] {hawkfan4} in vlnc from .09
[11:03] {Threei} from yeasterday?
[11:03] {hawkfan4} yep
[11:04] {Threei} I dumped half at .44
[11:04] {tomg} have a nice weekend everyone
[11:04] {Threei} but I had a bit too big position initisally for comfortable holding
[11:04] {curtisweese} bye tom!
[11:04] {Threei} take care tom
[11:04] {esemde} you figurew VLNC has more upside VAD
[11:04] {curtisweese} people sell on short weeks?
[11:04] {curtisweese} 4 day weeks i mean? at end of day?
[11:04] {Threei} feels this way ese
[11:05] {Threei} curtis... depends
[11:05] {Threei} some sell... sme buy
[11:05] {curtisweese} oh...ok...thanks for clarifying hahahahha
[11:05] {Threei} you didn't think it was that simple, did ya? :)
[11:06] {Threei} if tyhere was such certain pattern, everyone would use it and make milions in one day
[11:07] {Threei} question remains, who would have taken the other side of their sells
[11:07] {Threei} since pattern is so certain, why would anyone buy :)
[11:07] {curtisweese} cuz me dumb
[11:07] {curtisweese} l aapl here :)
[11:08] {curtisweese} all aboard the aapl bandwagon!
[11:09] {Threei} {AAPL} hey, don't pile up on me
[11:09] {curtisweese} tight stop...but it's free money :P
[11:10] {bruce} half out apol +.40
[11:10] {Threei} wtg bruce
[11:10] {Threei} what's free money?
[11:10] {curtisweese} nice bruce!!!
[11:10] {curtisweese} aapl at 130.34 there....bottom of it's channel for last hour or so
[11:11] {curtisweese} i mean channel it's following for last hour
[11:11] {bruce} thanx peoples
[11:11] {Threei} yep, I see it
[11:11] {curtisweese} but might fall below now :(
[11:11] {curtisweese} jinxed myself
[11:11] {Threei} market drop takes it down
[11:12] {curtisweese} hahah market slaps me in the face!
[11:14] {dino} rrgb s .76 sm
[11:20] {dino} mdvn stop to .89 not working
[11:23] {Threei} dino
[11:23] {Threei} believe it or not... canadian TV talks about Constanza trading
[11:24] {dino} opposites
[11:24] {dino} ?
[11:24] {Threei} yup
[11:24] {curtisweese} i will have the tuna. my name is george, i don't have a job and i live with my parents
[11:25] {Threei} but they actually applied this terminology
[11:25] {dino} too funny, but actually makes sense, average person will be wrong so go contrary
[11:25] {curtisweese} come on aapl....break this upper resistance darn you!
[11:25] {dino} stealing our lines vad
[11:26] {Threei} no kidding... who is in here CCBC spy, confess
[11:26] {dino} ok, somebody kick rrbg in the nuts so it will drop
[11:27] {Threei} FDRY almost 1:2
[11:27] {Threei} feel free to take profit
[11:27] {curtisweese} i will have some if you are handing it out
[11:28] {Threei} I just call'em... FDRY hands it out
[11:28] {GeoArb} vad's gracious heheh
[11:28] {Threei} ain't I always {G}
[11:28] {bruce} out balance apol +.93
[11:28] {Threei} bruce is killing it today
[11:29] {curtisweese} awesome bruce!!!
[11:29] {dino} wtgb bruce, in the zone
[11:29] {bruce} just lucky vad
[11:29] {bruce} thanx dino
[11:29] {Threei} you know who luck favors
[11:29] {bruce} yes - curtis
[11:29] {Threei} lol
[11:29] {GeoArb} lol
[11:30] {curtisweese} hahahaha
[11:30] {dino} ceph
[11:30] {curtisweese} hopefully some of you jumped in aapl
[11:30] {dino} cancer approval
[11:30] {curtisweese} for a little scalp :P
[11:30] {Threei} CEPH FDA APPROVES TREANDA FOR CHRONIC LYMPHOCYTIC LEUKEMIA
[11:31] {bruce} on radar dino
[11:33] {dino} hmm was thinking long
[11:35] {judi} checking in from Judi and Jim, Judi's off to psychology practice, Jim's tuned in
[11:35] {curtisweese} how does that make you feel?
[11:36] {Threei} hi Jim
[11:36] {dino} sm l .70
[11:37] {judi} good morning Vad and all
[11:37] {Threei} missed a few nice ones
[11:37] {GeoArb} yeah vad's on fire
[11:37] {GeoArb} i erased yesterday AND the day before's shame
[11:38] {dino} gj geo
[11:38] {Threei} gosh... is fella allowed to have couple lukewarm days around here
[11:38] {dino} penx, fcsx blood
[11:38] {GeoArb} :D
[11:38] {Threei} :)
[11:38] {Threei} FNCM lost its mind
[11:39] {bruce} still lookingat ceph dino?
[11:39] {bruce} retrace long near here imo
[11:40] {dino} see above sm l .70
[11:40] {dino} 63.70
[11:41] {dino} strange it won't go on that news
[11:42] {bruce} or else mms having some fun right now w nasty head fake
[11:42] {judi} Judi and I have agreed that I only watch when she is not here because of a couple bad days (:
[11:42] {dino} ok reuters out w/it now
[11:42] {judi} only temporary
[11:42] {dino} don't think naz has mm's
[11:42] {bruce} wow - more than head fake there - maybe some new news
[11:43] {Threei} not that I see
[11:43] {dino} stoppig -.40 sm
[11:44] {bruce} k - I was just abpoiut to enter when it tqanked
[11:44] {bruce} its a nice entry near 63 again but I'd like to see it calm down and drift to there
[11:44] {dino} dk on it
[11:45] {dino} fcsx?
[11:45] {dptl} it's a long weekend,right?
[11:46] {bruce} ewz looks short on .50 break
[11:46] {Threei} yes dp
[11:46] {Threei} Good Friday
[11:46] {Threei} although if you ask me, any Friday is good
[11:46] {dptl} open monday?
[11:46] {Threei} yup
[11:46] {dptl} ty
[11:46] {curtisweese} wow look at aapl!!
[11:46] {curtisweese} dove like $1
[11:47] {bruce} missed ewz -moved too fast
[11:47] {dino} nihd
[11:48] {Threei} NASNY
[11:48] {Threei} EXEC: MARCH SALES TRACKING COMPANY OBJECTIVES 'AMAZINGLY' WELL TO DATE- Expect to gain US market share in March
[11:48] {Threei} NSANY
[11:48] {Threei} I knew there was a reason I liked Nissan... both cars in the family are from them
[11:50] * bruce slaps Threei around a bit with a large trout
[11:50] * bruce slaps magoo around a bit with a large trout
[11:50] {judi} since entering chat room ,havent had an off day though
[11:51] {bruce} q's now at yesterdays lows - breakdown or bounce time?
[11:52] {Threei} magoo... any idea why bruce is bludgeoning us?
[11:52] {magoo} because he can
[11:52] {Threei} feels like breakdown bruce
[11:52] {bruce} k
[11:52] {dino} makes sense
[11:52] {bruce} thanx vad
[11:53] {bruce} thats to vad for not trading tomorrow
[11:53] {Threei} I thought he hated my Nissan
[11:53] {bruce} and to you mags to keep you awake
[11:53] {bruce} no need to thank me
[11:54] {bruce} if we get breakdown nvda and amgn look like short candidates
[11:56] {bruce} nissans are nice vad - toyota better
[11:56] {Threei} I am cold to Toyota
[11:57] {GeoArb} i have always owned mazdas..... zoom zoom
[11:57] {bruce} k - you had one w faulty heater?
[11:58] {Threei} lol
[11:59] {Threei} too boring and and too mainstream for my taste
[11:59] {curtisweese} nvda short? hmmmif below 17.95?
[12:00] {Threei} market getting too jerky here curtis
[12:00] {curtisweese} k
[12:05] {dino} this rrgb remoinds me of bwld yesterday
[12:06] {bruce} ewz long prospect dino?
[12:06] {dino} dk bruce
[12:07] {bruce} k
[12:08] {Chaeron} http://www.nyse.com/about/newsevents/1176373643795.html
[12:08] {Chaeron} too many dang holidays
[12:08] {dino} its a brazil fund, if commodities down i suppose it to, really no idea
[12:09] {bruce} k- you know this stuff by memory?
[12:10] {dino} no, my acct shows it to me automatically
[12:10] {bruce} k- cool
[12:10] {GeoArb} laser? or something else?
[12:10] {dino} schwab streetsmartpro, used to be cybertrader
[12:10] {GeoArb} ah yeas heard of it
[12:11] {dino} watching nov w/oih
[12:15] {curtisweese} market breakdown coming?
[12:15] {Threei} really can't tell here
[12:16] {bruce} extremely narrow range day for q's today
[12:16] {Threei} something or someone supports market every time when it looks like it's ready to melt
[12:16] {dino} l nov .00, stop .67
[12:17] {curtisweese} nvda at top of channel
[12:18] {bruce} l nov at .88 dino
[12:20] {dino} stopped no work
[12:21] {bruce} yep
[12:22] {dino} sorry, gone cold
[12:22] {dino} bvn
[12:22] {bruce} oih dumped
[12:23] {Threei} CIT
[12:23] {Threei} was hatled earlier
[12:24] {dino} credit watch cit
[12:24] {Threei} yeah, and whole bunch of troubles
[12:24] {dino} drawdowns credit facilities
[12:25] {dino} watch other financials
[12:26] {bruce} l adbe .51 stop .44
[12:26] {dino} rrgb bstop to .36
[12:27] {curtisweese} s rimm
[12:27] {dino} make it .31
[12:28] {dino} cov slip .34 +.42
[12:28] {lumdus} vad, is there options expiriation today ?
[12:29] {Threei} hmm
[12:29] {Threei} I don't think so unless I missed something
[12:30] {Threei} which is quite possible
[12:30] {Threei} it's kind of hard to track this things while being in permanent coma
[12:30] {GeoArb} triple witching today
[12:30] {Threei} ready?
[12:30] {Threei} really?
[12:30] {lumdus} trading feels like it today.
[12:30] {dino} schwab said something about sat.
[12:30] {Threei} sheesh... I am out of touch
[12:31] {GeoArb} thats what the stock trader almanac says
[12:31] {Threei} thanks geo
[12:31] {lumdus} yeah, it just felt like that kind of day...
[12:31] {Threei} morning was good
[12:31] {lumdus} so why you in a permanent coma ?
[12:31] {Threei} we had what, one stop?
[12:31] {Threei} I like it lum
[12:32] {GeoArb} interesting econoday says quad witchnig
[12:32] {Threei} great justific ation for being lazy
[12:32] {GeoArb} morning was excellent
[12:32] {lumdus} i logged in the morning, didn't like anything - so i left. came back still don't like anything.. maybe i go away soon.
[12:32] {Threei} blood supply to brain is diminished greatly, which leaves more for stomach etc
[12:33] {curtisweese} does rimm short look right vad?
[12:33] {Threei} stop above .50?
[12:33] {curtisweese} i'm short at 103.25 yeah.... .55 stop
[12:34] {Threei} so far so good, market is helping at the moment
[12:34] {Threei} control risk by partialing out if you want to try and ride it
[12:35] {Threei} it has a good chance for breakdown, just need toat force that keeps market afloat to go away
[12:35] {Threei} you have over 1:1
[12:39] {curtisweese} out rimm short made .47
[12:39] {curtisweese} good timing
[12:40] {Threei} wtg
[12:41] {dptl} jblu?
[12:42] {Threei} chart's right, just too narrow
[12:42] {dptl} ok
[12:42] {Threei} scalp on a small move, maybe
[12:44] {curtisweese} s rimm 103.33 stop .55 or so
[12:45] {dino} omab
[12:46] {curtisweese} out .03
[12:46] {bruce} mer looks short
[12:50] {bruce} mer invalid as short for now
[12:52] {bruce} fcsx dino = possible bounce near here
[12:55] {dino} yes waiting at .50
[12:55] {bruce} k
[12:56] {bruce} bvn possible long here too-
[12:56] {dino} missed at 64.50
[12:56] {dino} reading my mind
[12:56] {dino} fcsx sm l .50, risky
[12:57] {bruce} k - trouble here is may go but may drop quick - your thoughts?
[12:57] {dino} too soon
[12:57] {curtisweese} s mer ....gonna try it here :)
[12:57] {bruce} k
[12:57] {dino} crazy market it was 40 on friday
[12:58] {dino} heck 34 yesterday
[12:58] {esemde} am outta here for a couple of hours....will maybe see you all later
[12:59] {Threei} take care ese
[12:59] {esemde} see ya vad
[12:59] {bruce} bye ese
[12:59] {bruce} good entry curtis - small stop if it doesn't work
[12:59] {curtisweese} die market and mer
[13:01] {dino} eqix?
[13:02] {bruce} looks good dino or bounce
[13:02] {bruce} fior
[13:02] {dino} lol
[13:03] {dino} or, fior = for i guess
[13:04] {bruce} yep - sorry - took my typing lessons from vad
[13:05] {dino} fcsx stop to .19
[13:05] {bruce} lets see if it holds .26
[13:05] {bruce} k - not in yet
[13:05] {dino} out fcsx .17, +.67
[13:06] {dino} rinsed my stop
[13:06] {dino} ohhhh mannnnnnn (as swiper would say)
[13:07] {GeoArb} heh swiper.......i have to watch that with my kids everyday
[13:07] {dino} lol, thats the one
[13:08] {bruce} nice one dino
[13:09] {bruce} nov - possible long from here dino
[13:09] {dino} sm l eqix .50 stop .18
[13:10] {dino} only nov if oih goes
[13:10] {dino} imo, fwiw, lol
[13:10] {bruce} k
[13:11] {dino} rrgb up again
[13:14] {bruce} leqixas well .51
[13:16] {bruce} whats your target eqix? - thinking .80
[13:17] {dino} .90s
[13:17] {bruce} k
[13:17] {Threei} NASDAQ narrowed greatly and started forming descending triangle
[13:17] {curtisweese} what's that mean?
[13:17] {dino} might be expecting too much, but thats me
[13:18] {Threei} NQ breaking 1725 should trigger selloff
[13:18] {curtisweese} good cuz i'm still shorting mer lol'
[13:18] {Threei} unless PTT intrudes again
[13:18] {Threei} PPT
[13:18] {Threei} my typing becomes worse and worse
[13:19] {dino} ptt=profit tag team
[13:19] {Threei} all pessimists saying it couldn't get any worse are being put to shame
[13:19] {Threei} it CAN!
[13:20] {dino} auxl?
[13:21] {dino} wouldn't that be optimists
[13:22] {Threei} I'll have to ponder that over weekend
[13:22] {Threei} providing I get enough blood/oxygen supply to brain
[13:23] {curtisweese} out mer short lost .20
[13:23] {dino} i intend to get the alcohol ratio up
[13:24] {dino} eqix maybe you're right bruce
[13:26] {bruce} we'll see - stuck now if it break .75 now thinking it'll go to 58- break is the ?
[13:30] {dino} nov l .25 careful
[13:37] {curtisweese} l ceph 63.74
[13:37] {curtisweese} not very much movement but i need a break and want to own something....hahahaa
[13:38] {curtisweese} seems like it should have moved up more with that news.....stupid news
[13:38] {dino} out nov .75, +.50
[13:40] {dino} magoo's gonna be pissed on ceph at 63.74
[13:40] {magoo} :)
[13:40] {curtisweese} i got out right away...don't want to be handcuffed to it
[13:41] {dino} its all about the size play in this market magoo
[13:41] {dino} prevent rinses
[13:42] {bruce} nice one dino
[13:42] {bruce} just dumped eqix+.20
[13:42] {dino} gj
[13:42] {dino} you missed nov? oih gave the entry
[13:43] {bruce} I wanted 58 but \kept struggling at .80 level
[13:43] {bruce} yes - only doing one trade at time
[13:43] {dino} ok
[13:43] {bruce} I saw nov and liked it - you had gret entry
[13:44] {dino} i prefer "lucky" entry
[13:45] {bruce} lol
[13:45] {bruce} better to be lucky than smart
[13:45] {bruce} for that matter - better to be lucky than dumb too
[13:46] {dino} better lucky than good (being good is too hard)
[13:46] {bruce} I like bad- more fun
[13:46] {dino} rrgb hod
[13:46] {Threei} or as ancient russian joke goes, better be healthy and wealthy than sick and at war
[13:47] {dino} pretty bad when the movers are buffalo wild wings and red robin burgers
[13:47] {curtisweese} l aapl here for run i hope! 130.92
[13:47] {bruce} thats a good one vad
[13:48] {dino} fwiw i am waiting sm s rrgb 38.80, purely a random area
[13:48] {Threei} hawk... VLNC :)
[13:48] {bruce} k
[13:49] {dino} on rrgb the profit ( if any ) will be luck, the stop is the skill
[13:50] {hawkfan4} :) nice move
[13:50] {dino} quite the range on fwlt
[13:55] {dino} out eqix .90, +.40
[13:55] {bruce} yes - first hour was big
[13:56] {bruce} good for you dino - I had no guts to hold
[13:56] {dino} ty, was a pain, but worked out, gappy
[13:56] {bruce} I lost confidnece on the stall at .8
[13:57] {curtisweese} come on aapl darn you.....help me help you
[13:58] {bruce} it actually looks good to me now for a move to 58.50 or so but no way I'denter here
[13:58] {dino} problem is the drawdown to 57.55 was consistant
[13:59] {curtisweese} you need someone to enter somewhere stupid?
[13:59] {curtisweese} lol
[13:59] {bruce} yes - too much risk of big pullback her
[13:59] {bruce} lol curtis
[14:00] {curtisweese} i have a super tight stop on aapl
[14:00] {bruce} you voluntering?
[14:00] {dino} lol
[14:00] {dino} brb
[14:00] {bruce} k
[14:06] {curtisweese} doh! stupid stop hit just enough to take my order and then it bounced up! grrrrrrr
[14:06] {Threei} supertight stops tend to do that
[14:06] {curtisweese} yep
[14:09] {dino} move rrgb s to 39.24 entry
[14:09] {dino} too strong
[14:09] {bruce} any feel on esrx long break of 61.20 vad?
[14:09] {bruce} sory 61.3
[14:10] {Threei} if market continues upward, certainly
[14:10] {Threei} PPT did fantastic job keeping NQ away from dangerous 1725
[14:10] {curtisweese} l aapl 130.92
[14:11] {Threei} will they try to prop it further or will they just remain satisfied by no meltdown ahead of long weekend, who knows
[14:11] {bruce} esrx invalid now - retraced too far
[14:12] {Threei} why, as long as it's holding above 61 it's valid
[14:13] {magoo} rimm sh vad??
[14:14] {dino} maybe the 38.80 area is the spot on rrgb
[14:15] {bruce} it broke to .93 vad - wanted to see it form a smaller tighter range
[14:15] {bruce} bvn long here dino?
[14:16] {dino} dk, liked it better 65
[14:16] {bruce} k
[14:17] {bruce} riimsky strating to look like short candidate
[14:18] {curtisweese} i'm in on RIMM s 105.10
[14:18] {bruce} k curtis
[14:18] {dino} rrgb sm s .36
[14:18] {curtisweese} stop where? .39?
[14:19] {dino} stop hod
[14:19] {curtisweese} die rimm!!!!!!!!!!!11
[14:20] {curtisweese} out rimm short.....made .20 i moved my stop too close :(
[14:21] {bruce} still beats loss - congrats curits
[14:22] {dino} gj
[14:22] {curtisweese} back in again 105 this time
[14:25] {curtisweese} here comes the fall of RIMM ....like the roman empire.... have mercy market.....you had me at hello
[14:25] {bruce} in rush the heathens
[14:26] {dino} lol
[14:27] {dino} curtis, how old are you?
[14:27] {dino} cracking me up
[14:28] * Threei hopes the answer is within 12 and 79
[14:28] {curtisweese} 37
[14:28] {Threei} whew
[14:28] {curtisweese} my name is billy i'm 5
[14:28] {Chaeron} your spelling is better than most grownups here, Billy
[14:28] {dino} fat bastard here
[14:29] {curtisweese} thanc yu
[14:30] {curtisweese} sheesh was up $13k in 3 days and am down today $1k i need to follow the chat trades more, eh.....these tuition fees are killing me
[14:30] {dino} 13k you should have your own room
[14:31] {GeoArb} can i make 13 k trading 100 share lots?
[14:31] {curtisweese} it was luck on that RIMM short over the weekend....so technically 4 days
[14:31] {dino} that my monthly goal
[14:31] {GeoArb} the funny part is scottrade
[14:31] {curtisweese} $14 in and out for 20000 shares of siri and stuff is nice
[14:32] {curtisweese} or 7 in and 7 out
[14:32] {curtisweese} still learning then i might try out your guys one :)
[14:33] {dino} stick w/what works curtis, otherwise you'll mess up
[14:33] {dino} bvn was good bruce
[14:34] {bruce} gg longcandidate on 38 break
[14:36] {magoo} RIMM long vad??
[14:37] {Threei} not sure... wouldn't make new high when NQ did
[14:39] {dino} oih flat
[14:43] {bruce} out gg flat- shoulda taken .15 spike
[14:43] {bruce} you got bvn dino?
[14:46] {dino} n
[14:46] {curtisweese} stop on RIMM at 105.05 gotta go shower let me know what happens :) brb
[14:47] {bruce} k
[14:47] {Chaeron} let you know what happens? You think we're going to come in your shower while you're in there nekkid and tell you what's happening?????
[14:47] {curtisweese} hahahah
[14:47] {Threei} lol
[14:49] {bruce} shhh - don't give mags ideas
[14:52] {Chaeron} oi
[14:58] {dino} rrgb bstop to .42
[15:02] {dino} back in 10 bstop to .31
[15:02] {dino} stopped +.05
[15:03] {GeoArb} dino, if you dont mind.... how many cents do you shoot for in a day?
[15:03] {GeoArb} i am too scared to ask curtis
[15:05] {bruce} taking break
[15:08] {Threei} VLNC, you are so beautiful
[15:08] {Chaeron} get a room............
[15:08] {Threei} {VLNC} (batting eyeleashes at Chaeron) why, I was available...
[15:09] {curtisweese} out rimm made .70
[15:10] {curtisweese} that was a great shower!
[15:10] {Threei} lol
[15:10] {Threei} a bit more information than we strived for
[15:10] {Chaeron} curtis, we don't need to hear of your shower exploits please
[15:10] {curtisweese} lol
[15:11] {dino} geo, just got back from bus stop. not sure on cents? 1/1 r/1, shoot for $700/day
[15:11] {GeoArb} yes thats my Q
[15:12] {GeoArb} 700 can change based on position size
[15:12] {GeoArb} so you dont have a dollar goal
[15:12] {dino} yes. 700 is total daily goal, each trade is on its own
[15:13] {GeoArb} so sizing based on risk i guess
[15:13] {GeoArb} ok
[15:13] {dino} risk reward try for 1:1 min
[15:13] {GeoArb} ok
[15:13] {GeoArb} yeah i read that in vad's "boring" book
[15:13] {dino} when i say sm=smaller size, otherwise 500
[15:13] {GeoArb} ok
[15:13] {GeoArb} i am doing 100/200 rite now
[15:14] {GeoArb} i had seen the vids.... so the book was an easier read
[15:14] {GeoArb} thanks dino
[15:14] {dino} yes, sizing on risk, you watch some of the crazy ones i play. i am a contrarian, and i don't mind thin vol.
[15:14] {GeoArb} ok
[15:15] {dino} i'm looking for 2 buck ranges or better
[15:15] {GeoArb} whats up with MS?
[15:15] {GeoArb} ok
[15:15] {GeoArb} daily range
[15:15] {dino} y
[15:16] {dino} prefer fast 2 buck range
[15:16] {GeoArb} ok
[15:16] {GeoArb} yeah for me countertrend is advanced level
[15:17] {GeoArb} will wait on those :D
[15:17] {dino} find your edge, manage the risk, be consistant, and keep it simple
[15:18] {GeoArb} KIS brought me here
[15:18] {dino} ahhh
[15:18] {GeoArb} i was trying to scalp futures using complex methodologies last one year
[15:18] {GeoArb} wasted a year
[15:18] {dino} hardest thing for me lately is waiting 20 minutes in the a.m.
[15:19] {dino} moves are not true enough
[15:19] {GeoArb} ok so you start after 20 mins....
[15:19] {GeoArb} all stocks open and stabilize
[15:19] {dino} yes, i do much better that way
[15:19] {dino} some days magoo has 3 trasdes in before i start
[15:20] {GeoArb} i am in west coast.... so have to trade only forst half
[15:20] {dino} i guess i'm slow
[15:20] {dino} its all individuals edge, i start slow
[15:21] {GeoArb} surge
[15:21] {GeoArb} in fins
[15:26] {dino} bruce, we should have been watching fmcn
[15:29] * dptl slaps ThurstonHowellTheThird around a bit with a large trout
[15:29] {Threei} violence starts
[15:30] {dptl} ye
[15:30] {dptl} lets have some fun
[15:30] {Threei} uh oh
[15:32] {dptl} everyone in coma,i see
[15:33] * GeoArb slaps dptl around a bit with a large trout
[15:33] {dptl} :)
[15:33] {GeoArb} i apologize
[15:33] {dino} rrgb s .24, stop .47
[15:34] {dino} dp to timeout
[15:35] {lumdus} s rimmm 105.12
[15:36] {lumdus} .35 stop
[15:37] {lumdus} die rimm die now !
[15:38] {lumdus} stop b/e 105.11
[15:38] {bruce} back
[15:40] {bruce} nice range fmcn dino - I have trouble with it - you've been doinggreat readingit
[15:41] {dino} forgot about it today
[15:41] {lumdus} bsc almost 6.00 can't believe that everybody forgot the buyout is ONLY 2.00
[15:41] {bruce} mon has even bigger range - took my eye off it and see it had a couple niceentires
[15:42] {bruce} v downdraft
[15:42] {bruce} retrace try here for the brave
[15:43] {dino} bsc goes up w/ms, swap of shares involved
[15:46] {Threei} lum, it's not that simple in BSC case
[15:46] {dino} also, if you are a short, you may want to cover and lock in
[15:47] {bruce} ewz looks long to me here
[15:47] {bruce} lagte in day though - not doingany more trades
[15:47] {lumdus} vad, can you help me with rimm.. i need it heavily down not just a few pennies
[15:48] {bruce} vad dusts off extra large and heavy army boots
[15:49] {Threei} oops
[15:49] {Threei} sorry, I kicked it from the wrong side
[15:50] {lumdus} it's trying so hard to fail,, but someone is not letting. we got 10 mins more.
[15:51] {patience} too funny, my stink bids for august gold options are being filled
[15:51] {Threei} nice finish for a difficult week - short one, with Fed announcement AND quad witching
[15:52] {Threei} how many troubles can you squeeze in 4 days
[15:52] {dino} cov rrgb .14, +.10, thats it
[15:52] {Threei} panicking sellers are hitting them patience?
[15:53] {patience} i guess
[15:53] {patience} i still expect gold to go down bit more
[15:54] {dino} i'm expecting more chaos all over
[15:54] {lumdus} oil also and then all banks recover and we forget what happened . And then Clinton become president and we forget everyting.
[15:54] {patience} i'll drink to that
[15:54] {patience} i'll drink to lots though
[15:55] {Threei} LOL
[15:55] {lumdus} dino, i think it's mainly over now . the crisis is history. bsc out of the picture and everybody else ok now.
[15:55] {dino} lol patience, some day we'll drink together
[15:55] {patience} sounds excellent, i'll buy the first draft
[15:55] {Threei} i HOPE i AM INVITED
[15:55] {patience} lum, i expect few months more of financial churning, it aint over
[15:55] {Threei} oops
[15:55] {Threei} sorry caps
[15:55] {dino} when you arrange that cruise vad, lol
[15:56] {Threei} blackmail
[15:56] {Threei} will seminar in bahamas do?
[15:56] {GeoArb} siminar?
[15:56] {patience} yes yes yes
[15:56] {dino} cvco death
[15:56] {Threei} you can write off vacation as a busines expense :)
[15:56] {dino} yes
[15:56] {GeoArb} (upping lot size to 10000 to pay for it)
[15:57] {dino} lol
[15:57] {dptl} have a good long weekend everyone......see ya monday:)
[15:57] {Threei} Ok guys,
[15:57] {Threei} have a great relaxing long weekend,
[15:57] {dino} same dp, take care
[15:57] {GeoArb} thanks all.... see you monday
[15:57] {Threei} thank you all,
[15:57] {dino} thx for ideas all, decent week
[15:57] {Threei} I'll see you all on Monday
[15:58] {bruce} bye vad - good weekend to you
[15:59] {dino} avtr death
[16:00] {dino} bruce good spots again, thx
[16:00] {bruce} thx dino
[16:01] {bruce} tryin
[16:01] {dino} you're making me $
[16:01] {bruce} need to get better at pegging entries in those contra palys - getting better I think
[16:02] {bruce} I can find em - jsut have trouble knowing where to get in
[16:03] {dino} size down wait way out,
[16:03] {dino} they all will rinse you if you buy too big
[16:04] {bruce} I'm trading the contras very small dino
[16:04] {dino} good, i can't catch tops or bottoms, but for the most part the moves are 1/2+
[16:04] {dino} r/r
[16:05] {bruce} yes _ like that a lot
[16:05] {patience} bruce, dcc if you have a minute
[16:06] {dino} i'm grabbing a beer
[16:07] {bruce} have one for me
[16:07] {bruce} noton my diet
[16:23] {bruce} terrific weekend to all
[16:30] {dino} later all