Apr 16 2008
Session Time: Wed Apr 16 00:00:00 2008
[08:03] {Threei} JPM
[08:03] {Threei} REPORTS Q1 $0.68 V $0.64E, R $17.90 V $16.97BE, ROE 8.0% V 17% Y/Y
- Takes Q1 Markdown of $2.6B
[08:03] {Threei} - Q1 ROE 8.0% v 17% y/y and 10% in Q4
[08:03] {Threei} - Q1 ROA 0.61% v 1.41% y/y and 0.77% in Q4
[08:03] {Threei} - Q1 Tier1 Capital ratio 8.3% v 8.5% y/y and 8.4% in Q4
[08:18] {Threei} CEO SAYS CREDIT ENVIRONMENT HAS GOTTEN BETTER IN THE FIRST COUPLE OF WEEKS IN APRIL - WIRE HEADLINE- Adds that "its very hard to predict" when credit markets will return to normal
[08:30] {Threei} MAR CONSUMER PRICE INDEX M/M: 0.3% V 0.3%E; CPI EX FOOD_ENERGY M/M: 0.2% V 0.2%E;
[08:30] {Threei} CPI NSA: 213.528 V 213.390E
[08:30] {Threei} MAR HOUSING STARTS: 947K V 1.010ME; BUILDING PERMITS: 927K V 970KE
[08:33] {magoo} morning
[08:33] {Threei} magoo :)
[08:37] {magoo} vad dcc
[08:41] {Threei} 04/15/08 08:59pm [POZN] FDA approves Treximet (sumatriptan and naproxen sodium) tablets for acute migraine
[08:42] {Onix} Good morning all
[08:42] {Threei} onix :)
[08:43] {Onix} Thanks for all the info Vad
[08:44] {Threei} sure... which info? :)
[08:45] {Onix} All this relevant info that you take the trouble with providing it to us
[08:45] {Threei} oh, news posts
[08:45] {Onix} ya
[08:45] {Threei} it's easy... it crosses the wire, I copy and paste :)
[08:46] {Onix} most excellent!
[08:46] {Threei} just need to know what is significant and what is not
[08:46] {patience} yes vad, but you post the news before it even hits BNN and other financial news
[08:46] {patience} which is very good :)
[08:46] {Onix} yes, what "the market" will react to hey?
[08:46] {patience} gm RT
[08:46] {Threei} patience :)
[08:47] {Onix} gm patience
[08:47] {patience} morning Onix :)
[08:49] {Threei} some of them do have immediate impact
[08:50] {Threei} some are more of "general mood setting" kind
[08:51] {Onix} you think INTC will lift the market the same way today as what GE pulled it down the other day?
[08:51] {Threei} it does so far, the real question is for how long
[08:51] {Threei} we are in strong bear market,
[08:52] {Threei} traders tend to use this kind of positive news followed by upward spike to sell into
[08:52] {Onix} maybe 2 or 3 days or not?
[08:52] {Threei} but rallies in bear market can be extremely brutal
[08:52] {Threei} anyone's guess onix
[08:52] {Threei} could be couple hours
[08:52] {Threei} could be couple days
[08:53] {Threei} market will react on the same news differently depending on current environment
[08:53] {Onix} so true
[08:54] {Threei} I mean... there was time when merely mention that some obscure company established a website would triple stock's price :)
[08:54] {Onix} you mean brutal rallies in the sense that they are up so sharp or that they can fail so sudenly?
[08:54] {Threei} very sharp spike going way beyond what seems to be reasonable
[08:55] {Onix} I see ... where price and volume are way out of whack?
[08:55] {Threei} pretty much
[08:55] {Threei} shorts get too complacent,
[08:55] {Threei} life becomes too easy for them
[08:56] {Threei} so when upward move comes and alarms them
[08:56] {Threei} they go therouhg those same stages long do when bull market comes to a heavy setback
[08:56] {Threei} at some point they get squeezed and start covering, fueling further rise
[08:56] {cosmo} seems so brutal...
[08:57] {Onix} ya, Cramer also mentioned the short squeese last night
[09:01] {esemde} morning....
[09:02] {Onix} gm esemde
[09:02] {esemde} onix.....
[09:02] {Threei} ese :)
[09:05] {Threei} keeping an eye on WM
[09:05] {esemde} hmmm it appears in general we having everything yet nothing going on this morning.....in a roundabout sort of way of course
[09:05] {esemde} WM...
[09:05] {esemde} it its
[09:07] {Threei} SPWR
[09:07] {Threei} TICKS HIGHER IN PRE-MARKET AFTER COWEN AND UBS HAD POSTIVE EARNINGS PREVIEWS
[09:08] {GeoArb} gm
[09:08] {Threei} geo :)
[09:09] {esemde} geo
[09:11] {Threei} 04/16/08 06:08am
[09:11] {Threei} [FEED] Agfeed Industries To Acquire Multiple Commercial Hog Farms in China
[09:11] {Threei} - has entered into agreements to acquire majority ownership (on average more than 90%) of several commercial hog farms located in south China provinces
[09:12] {Threei} WM support around .70... would like to see a pullback for entry
[09:13] {markweb} Good morning all
[09:13] {Threei} mark :)
[09:13] {magoo} goog report after bell anyone?
[09:13] {markweb} :)
[09:14] {esemde} ASML moving also
[09:14] {magoo} hawk, u know?
[09:14] {hawkfan4} yep, 4/17 at 4:30
[09:15] {Threei} today is EBAY, IBM, RMBS
[09:15] {hawkfan4} or right after bell i mean, cc at 4:30, oops, that's tomorrow
[09:15] {Threei} MARCH INDUSTRIAL PRODUCTION: 0.3% V -0.1%E; CAPACITY UTILIZATION: 80.3% V 80.3%E
[09:16] {Threei} ESLR tomorrow also
[09:17] {magoo} TY
[09:20] {tomg} good morning
[09:20] {Threei} tom :)
[09:21] {magoo} tom:)
[09:28] {fernp} gm
[09:28] {Threei} fernp :)
[09:29] {magoo} vad, what symbol for nzaz? $ndx?
[09:30] {Threei} yes
[09:30] {magoo} ty
[09:30] {Threei} no pullback WM
[09:31] {esemde} POZN....
[09:32] {GeoArb} WM pulling
[09:33] {Threei} LLTC .75 long if stays above .60
[09:33] {cosmo} ASML
[09:33] {magoo} in lltc
[09:35] {bruce} l lltc .68
[09:36] {Threei} FEED smallish shares 17 break
[09:36] {magoo} already up
[09:36] {Threei} yeah, don't chase
[09:37] {magoo} aapl nbounce here
[09:38] {magoo} in aapl 151
[09:39] {Threei} come on already LLTC
[09:40] {magoo} out aapl here .35
[09:40] {Threei} APWR
[09:40] {Threei} CNBC?
[09:41] {Threei} WM
[09:41] {Threei} .71 long
[09:41] {Threei} .64 stop
[09:42] {magoo} in wamu .69
[09:43] {Threei} LLTC out
[09:44] {bruce} stooped lltc
[09:45] {fernp} me too
[09:45] {Threei} no bounce yet WM
[09:46] {magoo} me too
[09:46] {GeoArb} me too
[09:47] {GeoArb} all of us got stopped how come no rise in chart :D
[09:47] {Threei} stops are there for a reason
[09:47] {Threei} not every retreat is a rinse
[09:47] {GeoArb} just kidding :)
[09:48] {GeoArb} i take my stops (medicine) like a good boy
[09:48] {Threei} looking at it further drop, be thankful you do :)
[09:48] {GeoArb} yeah
[09:49] {esemde} long KLAC 1/2 lot .53
[09:49] {Threei} JNPR pulled back into 23 support
[09:50] {Threei} no confidence really... market is 50/50 here
[09:50] {Roman}
21 JASO highs
[09:51] {Roman}
21 waiting for pullback , bidding 24.95
[09:51] {Roman}
21 in small JASO
[09:51] {bruce} jaso beak candidate vad
[09:53] {Threei} needs to take .05
[09:54] {bruce} stop looks to be about .95 for now if breaks
[09:54] {Threei} way too tight for such volatile one
[09:54] {bruce} so much for long jaso
[09:55] {Roman}
21 i am still in JASO with a stop .74
[09:55] {Threei} to me, it's valid as long as it stays above .80
[09:58] {Threei} KLAC looks good so far ese
[09:59] {Roman}
21 FEED back to highs
[09:59] {Roman}
21 near highs
[09:59] {bruce} rimm looks like retrace long candidate if 117.9 holds
[10:01] {magoo} u in klac?
[10:01] {markweb} out KLAC +.18 Thanks ESE:)
[10:01] {esemde} Out KLAC .74
[10:02] {esemde} +.21...almost 1:1
[10:02] {Roman}
21 stoppped JASO
[10:03] {esemde} your welcome mark
[10:03] {esemde} was BS luck that i got the .74 exit on that one too
[10:04] {bruce} s sina 38.50 stop .75
[10:06] {Threei} JPM .85 long, stop .69
[10:07] {Threei} if loses .70 before triggering, let it fall under 43.5 before getting interested again
[10:09] {Threei} invalidated
[10:11] {esemde} Thinkin long COIN at .66
[10:11] {Threei} as FEED sympathy?
[10:11] {esemde} damm......no sooner......&^%^%$
[10:12] {Threei} SEED is another one
[10:12] {esemde} i'll look at that
[10:13] {bruce} stopped sina +12c
[10:14] {fernp} looking GGB
[10:15] {Threei} market still hasn't made up its mind about the direction
[10:16] {Threei} what did BIDU just get happy about?
[10:17] {Threei} no fresh newsa
[10:17] {magoo} no clue
[10:17] {magoo} goog red
[10:17] {magoo} ah..follows mkt vad
[10:17] {esemde} should break the 300 mark
[10:17] {Threei} nope, spiked before NQ
[10:18] {Threei} OK, starts looking like squeeze is going to be the theme
[10:18] {Threei} JPM got away, wanted it under .50
[10:19] {Threei} never happened
[10:21] {judijim} Good Morning Everyone
[10:21] {Threei} jj :)
[10:21] {magoo} JJ : )
[10:21] {Chaeron} GM all...
[10:21] {Threei} chaeron :)
[10:21] {Threei} for adrenalin deprived, TTES
[10:21] {Threei} 57 break
[10:21] {Threei} extremely volatile
[10:21] {magoo} OY
[10:23] {magoo} no like spread
[10:23] {bruce} what would bve stop for ttes - looks likes .75 or so?
[10:23] {Threei} yes
[10:24] {bruce} k
[10:24] {bruce} would that be coffee tea or ttes?
[10:25] {Threei} RIMM, 119 break if NQ spikes again
[10:26] {Threei} stop under .80 for scalpers, under .70 for da trade
[10:26] {Chaeron} in RIMM .02
[10:29] {Threei} scalpers have 1:1
[10:29] {Threei} daytraders too
[10:29] {ThurstonHowellTheThird} ty +.30
[10:29] {Threei} for daytrade, half out here
[10:29] {Threei} stop to .95
[10:30] {Threei} welcome thtt
[10:31] {Threei} oil inventory numbers are coming
[10:31] {Threei} DOE CRUDE: V +1.7ME ; GASOLINE: V -2ME ; DISTILLATES: V -1.7ME ; UTILIZATION: % V 83.8%E
API:
[10:31] {Threei} - Crude: +2.456M
[10:31] {Threei} - Gasoline: -2.38M
[10:31] {Threei} - Distillate: -0.939M
[10:32] {Threei} those are estimates
[10:32] {Threei} no actual numbers yet
[10:32] {Threei} delayed... do they need to edit them? :)
[10:33] {Chaeron} getting whiteout....
[10:33] {Threei} ok RIMM... let's do it
[10:34] {esemde} am i back....got cut off for some weird reason
[10:34] {Threei} you are back
[10:34] {esemde} tks
[10:35] {Threei} DOE CRUDE: -2.36M V +1.7ME
[10:35] {Threei} GASOLINE: -5.52M V -2ME ; DISTILLATES: +52K V -1.7ME ;
[10:36] {Threei} one set of nonsense numbers is behind us... what's next
[10:36] {Threei} beige book at 2
[10:36] {Threei} sigh
[10:37] {Threei} AKES NEW ALL-TIME HIGH POST DOE INVENTORY DATA
[10:37] {Threei} OIH
[10:37] {Threei} great
[10:37] {Threei} just what we need, more oil price increase
[10:38] {Threei} stop to .99 RIMM
[10:38] {Threei} not that 4 cents matter
[10:38] {Threei} just a matter of ... not willing to lose on itprinciple
[10:39] {Threei} JASO rinsed you Roman
[10:39] {Threei} how rude
[10:40] {magoo} me too
[10:41] {Threei} FSLR goes to 300 today I guess
[10:46] {Threei} too bad RIMM
[10:46] {Threei} looking for another entry
[10:47] {magoo} agree..as long as mkt heads up
[10:51] {Threei} not really clear here, just jumps up and down
[10:58] {Threei} feels like another market spike is coming
[10:58] {Threei} AMZN long
[10:59] {magoo} what u get?
[10:59] {Threei} stop under .40 for scalpers, under .30 for day trade
[11:00] {Threei} spike is here... how about following AMZN
[11:01] {Chaeron} in AMZN .53
[11:03] {patience} magoo, did dino whisper into your ear if the dow is going up 300 today?
[11:03] {Threei} not sure I like this hesitation... stop under .40
[11:03] {Threei} with this market stength should have gkotten better follow-through from AMZN
[11:06] {Threei} out
[11:06] {Chaeron} me too
[11:07] {Chaeron} -.17
[11:07] {bruce} don't have nq vad but was watching q's and they showed selling pressure
[11:08] {Threei} from 10:50 for the next 5-6 minutes?
[11:08] {Threei} 10:58, sorry
[11:08] {GeoArb} how do we see selling pressure?
[11:09] {GeoArb} (sincere question)
[11:09] {Threei} I am looking at Qs chart bruce
[11:09] {Threei} are we talking about different time or what?
[11:09] {Threei} it shows the same buying as NQ's chart
[11:10] {bruce} I 've have level 2 up for it as well
[11:10] {patience} sold 3 agrium july calls, bought at 6.30, sold at 18.20
[11:10] {Threei} L2 for Qs is useless
[11:10] {bruce} been seeing stready big numbers filling in on sell side
[11:10] {Chaeron} nice job Patience!
[11:10] {patience} ty chaeron, still have 6 left
[11:11] {bruce} and on chart - small candle at 11:04 then decline below it
[11:11] {Threei} 11:04, yes... but the call for upward was made at 10:58
[11:12] {bruce} k - looks good from there - just didn't pan out
[11:13] {bruce} stld short candidate if it goes back up near 38 and fails
[11:29] {Chaeron} I am too damn nice
[11:29] {Chaeron} shoot... wrong window... sorry
[11:29] {GeoArb} youre nice here too chaeron
[11:29] {Threei} me too chaeron... just look:
[11:29] * Threei slaps Chaeron around a bit with a large trout
[11:29] {Chaeron} shucks... I want to be a "bad boy"
[11:29] * magoo slaps Threei around a bit with a large trout
[11:30] {Chaeron} thanks mags
[11:31] {Chaeron} fslr
[11:32] {Threei} wanted to call SOLF break at .15 and canceled... guess whose fault it is
[11:32] {Chaeron} mine
[11:32] {Threei} nope
[11:33] {magoo} mine
[11:33] {Threei} yup :)
[11:33] {magoo} u gotta ignore me : )
[11:34] {GeoArb} how can we
[11:34] {GeoArb} youre too damned nice
[11:34] {magoo} ask my wife
[11:34] {GeoArb} no no... that was chaeron
[11:34] {Chaeron} heck... you're on my "alert" list mags
[11:34] * Chaeron shaking head... how to get rid of "nice" image......?
[11:34] {Threei} easy
[11:34] {Chaeron} even larisa thought I was too polite
[11:35] {GeoArb} (highlighting chaeron in oink in mirc.....)
[11:35] {GeoArb} pink
[11:35] {Chaeron} and SHE was super nice
[11:35] {Threei} go out, find some baby with candy, take the candy from the baby
[11:35] {Chaeron} oink??? you calling me fat??
[11:35] {GeoArb} wellll oink IS pink
[11:35] {Threei} make sure someone videotaping the act
[11:35] {Threei} get back here and show us footage
[11:35] {Chaeron} 3i - lol
[11:36] {Threei} and hey, no staging
[11:36] {GeoArb} i do that to my kids all the time
[11:36] {Threei} if baby says "here uncle chaeron, take this candy" - won't count
[11:36] {GeoArb} i call it good parenting
[11:36] {Chaeron} roflol
[11:36] {Chaeron} damn AMZN
[11:37] {Threei} come on... you wouldn't hold it through the drop all the way to 74
[11:37] {GeoArb} last 2 days tough
[11:37] {Chaeron} naaa you're right
[11:37] {GeoArb} for me... yesterday was all luck....
[11:37] {GeoArb} today i made interesting mistakes
[11:38] {magoo} or..go out in front of crowd and kick first puupy u see
[11:39] {GeoArb} saw .85 JPM call and for some reason saw .75
[11:39] {GeoArb} and entered......
[11:39] {GeoArb} wierd.... need sleep/coffee
[11:39] {GeoArb} saw AMZN call and decide to enter on higher price break...... so got stopped on higher loss...
[11:40] {GeoArb} i guess only experienced chefs should modify recipes
[11:41] {bruce} rimmsky trying to break long here
[11:42] {GeoArb} ok now i am insulted...... not even a measly trout
[11:43] {Threei} we are too nice geo
[11:43] {markweb} JPM news?
[11:43] {GeoArb} SLM?
[11:44] {Threei} JPM
[11:44] {Threei} TO SELL PERPETUAL PREFERRED STOCK - WIRE HEADLINE
[11:45] {markweb} ??? ty
[11:45] {markweb} JPM long?short?side?
[11:51] {Threei} UPDATE: US SENATOR CANTWELL URGES THE FTC TO LAY OUT PLANS TO CURB OIL MARKET SPECULATION BEFORE THE SUMMER DRIVING SEASON BEGINS- under legislation sponsored by the Senator and passed last year, the FTC is required to put a rule in place detailing how it would oversee any alleged oil market speculation or manipulation
[12:01] {Threei} I didn't see the details... but things like this tend to double the price of the very product they intend to regulate
[12:02] {Threei} RIMM is tempting here, right at support
[12:02] {Threei} whether market helps or not is 50/50
[12:03] {Threei} but if it shows stgrength, quick grab with stop under .40 looks worth it
[12:04] {Threei} mark... the more I look at JPM the more I think leave it alone for today
[12:05] {markweb} to late, im stoppped:(
[12:06] {Threei} new high RIMM
[12:06] {magoo} oin .61
[12:07] {Threei} it never lost .50
[12:07] {Threei} so stop under it makes sense for scalpers
[12:08] {markweb} im stopped on JPM
[12:08] {Threei} I am not sujre why you were even in to say honestly
[12:08] {markweb} me to:)
[12:09] {Threei} well desvred stop then :)
[12:09] {markweb} y
[12:09] {Threei} don't trade on impulse... trade on valid setup
[12:09] {Threei} keep stop where chart says
[12:09] {Threei} let market do its thing
[12:09] {Threei} and most important as of this very momnent,
[12:09] {Threei} today and yesterday:
[12:10] {Threei} realize how probabilities work,
[12:10] {Threei} odds are not distribute evenly,
[12:10] {Threei} there are clusters here and there
[12:10] {Threei} so, after two months of trading at winning rate beyond normal, we have two days ofd losing cluaster
[12:11] {Threei} what do you do about that?
[12:11] {Threei} anyone?
[12:11] {GeoArb} ummm not make mistakes like min
[12:11] {GeoArb} mine
[12:11] {Threei} well, that's true for any time :)
[12:12] {Threei} specifically at this point what you do is
[12:12] {Threei} 1. shrug
[12:12] {Threei} 2. keep your stops rteligiously
[12:12] {Chaeron} cut back to smaller shares and take only most probable
[12:12] {GeoArb} i am not sure about smaller shares
[12:12] {Threei} 3. let market work it out and get back into more normal odds distribution phase
[12:12] {Chaeron} I thought #2 was anytime anyway
[12:12] {GeoArb} as keeping decent position on RIMM dug me out today
[12:13] {Threei} chaeron, that's true, but there is one interesting twist to it right now
[12:13] {Threei} when market acts like it does last few days
[12:13] {Threei} it tends to shake you our more often than usual, then continue moving in your favor
[12:13] {Threei} and herein lies the danger
[12:13] {Threei} you seee it a few times, you decide it became new norm\
[12:14] {Threei} and next time you ignore your stop
[12:14] {Chaeron} yeah... noticed
[12:14] {Threei} or widen it beyond your risk tolerance
[12:14] {Threei} worst thing that can happen now is, it works
[12:14] {Threei} your stock returns and makes you a profit
[12:14] {Threei} bad habit gets reinforced
[12:14] {Threei} you start doing it more often
[12:15] {Threei} you know what happens next, right?
[12:15] {markweb} y Vad:(
[12:15] {Threei} if you alresdy know, then change :( to :)
[12:15] {Threei} it means this common mistake is already behind you
[12:16] {Threei} if you already paid for it, you bought the knowledge not to do it again
[12:16] {GeoArb} off to work...need to read vad's advise today... when do you post blog?
[12:16] {GeoArb} chat transcript i mean
[12:17] {Threei} now... if you repeat it... it's whole other problem... it's for a shrink who needs to find out why you like suffering
[12:17] {Threei} after market Geo
[12:17] {GeoArb} ok... TY all bye
[12:17] {magoo} waiting ,94
[12:17] {Threei} http://www.realitytrader.com/tradinglog/
[12:17] {Threei} every day, unedited
[12:18] {Threei} unless there is something very unkosher by our usual misbehaving team {G}
[12:18] {Threei} RIMM is at 1:1
[12:18] {Threei} you are on your own from here
[12:19] {Chaeron} am I on the team?????? :)))
[12:21] {Chaeron} (*crickets chirping......*)
[12:28] {magoo} out ,87
[12:29] {magoo} TY vad
[12:29] {Threei} with stop under .50 you are at 1:4 mags... under .40 - at 1:2
[12:29] {Threei} nice one
[12:29] {Threei} welcome
[12:29] {magoo} now i confused lol
[12:30] {esemde} Ok am done watching...have a great day everyone...
[12:30] {Threei} take care ese
[12:31] {esemde} see ya vad
[12:31] {magoo} WAIT
[12:31] * magoo slaps esemde around a bit with a large trout
[12:31] {esemde} whaaaaa
[12:31] {esemde} see ya
[12:37] {Threei} how about that, RIMM?
[13:05] {Threei} AAPL
[13:05] {Threei} synchronized with NQ almost perfectly
[13:06] {Threei} watch for a quick scalp when NQ reverses
[13:06] {Threei} will be too fast to call
[13:06] {Threei} either you get a read on it or stay away
[13:07] * Threei slaps Laserdave1 around a bit with a large trout
[13:08] {patience} chaeron, please see dcc, ty
[13:08] {Laserdave1} that was really delayed
[13:09] {Threei} I am getting old
[13:25] {magoo} .
[13:25] {Threei} good point
[13:26] {judijim} we were on break but read for trading "wisdom" helps our conservative focused trading. TY Vad, ahead today so far :)
[13:26] {judijim} read your
[13:27] {Threei} good job jj
[13:31] {Threei} anyone found entry AAPL?
[13:32] {markweb} @.00
[13:33] {Threei} and out at...?
[13:33] {markweb} .30
[13:33] {Threei} :)
[13:33] {Threei} not a stellar day still but considerably better than yesterday
[13:48] {Threei} market is holding its breath ahead of IBM
[13:49] * Chaeron slaps Laserdave1 around a bit with a large trout
[13:49] {Threei} oh, and beige book in 10 min
[13:49] {Threei} hah... and you call me slow dave
[13:50] {Chaeron} :)
[13:51] {magoo} is that usually a mkt mover vad?
[13:51] {Threei} sometimes
[13:51] {Threei} when something out of whack reported
[14:01] {Threei} FED'S BEIGE BOOK: 9 DISTRICTS REPORT SLOWING ECONOMIC ACTIVITY, WEAKENED SINCE FEB
- Lending standards tightened and loan demand was down, consumer spending seen softening in most of US
[14:01] {Threei} - Notes input costs up, smaller rises in selling prices
[14:01] {Threei} - Labor markets described as weakening
[14:02] {Threei} non event
[14:04] {Threei} FED'S PLOSSER: IT MAY NOT BE A RECESSION, "BUT IT FEELS PRETTY BAD," CLEAR THAT THE ECONOMY HAS SLOWED DRAMATICALLY - Q&A
- Fed must be cautious about the "last resort" role, must be careful not to aggravate boom-bust cycles. The Fed's role is to preserve the functioning of the marketplace.
[14:10] {Threei} RIMM looks like short here
[14:12] {Threei} stp above 120
[14:12] {magoo} where u in?
[14:12] {magoo} i .81
[14:12] {Threei} .92
[14:13] {Threei} wow
[14:13] {magoo} grrrrrrrr
[14:13] {magoo} thats when i saw your post
[14:13] {Threei} it was avilable much closer to resistance
[14:13] {Threei} posted it when it was .95
[14:19] {magoo} thats sucjked
[14:19] {magoo} for me anyway
[14:19] {Threei} sure... if you entger at 1:1
[14:20] {magoo} u get me alot that way..u gotta put yourt price target up when u can
[14:20] {Threei} I do when I can
[14:20] {magoo} i looked up..saw .81
[14:20] {Threei} every time we play something slower or located farther from trigger, you se a price
[14:20] {magoo} took it and wasted 100 bux
[14:21] {Threei} fast and volatile one, and right on entry point, I can't
[14:21] {Threei} whaty can I do so you see it when I post it?
[14:21] {Threei} and not 10 cents later?
[14:22] {Threei} set sound alert
[14:22] {Threei} look at the chart before you enter
[14:22] {Threei} you know I am not calling entry into spike
[14:22] {magoo} it just happens alot.u always say i'm chasing..but thats where i notice call and have mno idea if i am chasing
[14:23] {Threei} do you look at the chart?
[14:23] {magoo} not complaining..but it happens alot to me
[14:23] {Threei} I am suggesting you ways to fix it
[14:24] {Threei} at least two, and better both
[14:24] {magoo} right after u fill..why not post the entry price u get?
[14:24] {Threei} because it's a fast stock and it moves?
[14:25] {magoo} like pulp?
[14:25] {magoo} "pulp can nmove baby"george castanza
[14:53] {magoo} big p[ower up boss
[14:57] {Threei} market thinks IBM is going to be good
[15:00] {magoo} i calleed dino in myrtle...he says up
[15:00] {hawkfan4} lol :)
[15:10] {magoo} rimm l here .50 break
[15:11] {magoo} scalp
[15:13] {magoo} out here .73
[15:14] {markweb} out Rimm +.20 Thanks Magoo:)
[15:14] {magoo} nice mark
[15:14] {magoo} quick one
[15:14] {markweb} got@55
[15:15] {magoo} half lot?
[15:15] {markweb} 100sh
[15:15] {magoo} oh..ok..its risky ..i play half lots
[15:15] {magoo} .20 cent =100 bux
[15:16] {markweb} sweet:)
[15:17] {magoo} vad..i need the other rioom service here...
[15:19] {Threei} spelling lessons?
[15:19] {magoo} liter = how many ounces?
[15:21] {markweb} 1 btl
[15:22] {Threei} 1 liter = 33.814 oz
[15:24] {magoo} ty
[15:25] {magoo} if IF mkt wants to sell off...100 shares short bidu...ONLY if IF mkt crashes ...ROISKY
[15:25] {Threei} FED'S MISHKIN: THERE IS ROOM TO LOWER THE FED FUNDS RATE "IF NEEDED
[15:26] {magoo} market still powering up
[15:26] {Threei} oh yes, let's kill that dollar, it's still breathing
[15:26] {Threei} no news QTWW... impressive % move
[15:27] {Threei} energy sector
[15:29] {Threei} well... IBM 20 break, do we dare?
[15:29] {Threei} 120 I mean
[15:31] {magoo} in
[15:31] {Threei} huge wall... I'll wait for actual break
[15:34] {magoo} yeah..smart
[15:35] {magoo} ouyt flat
[15:43] {bruce} dcc mark
[15:43] {magoo} [15:31] {Threei} huge wall... I'll wait for actual break
[15:43] {magoo} ty..u keep making those : )
[15:44] {bruce} yes
[15:44] {magoo} dino said yesterday.."u watch..i go away and huge rally"
[15:44] {magoo} +233 so far
[15:45] {Threei} hmmm... no IBM earnings yet
[15:45] {Threei} quite a quick move
[15:45] {Threei} making those walls mags?
[15:47] {magoo} huh?
[15:47] {Threei} [15:43] {magoo} ty..u keep making those
[15:47] {magoo} hows volume today?
[15:47] {Threei} those what? :)
[15:47] {Threei} bigger than last couple days
[15:47] {magoo} oh..those comments
[15:47] {magoo} saved me some bling
[15:47] {Threei} ah
[15:48] {magoo} i dumped flat after u brought that to my attention..an obversight for me
[15:48] {Threei} sometimes aggresive entries just don't feel right
[15:48] {magoo} f'in BIDU up 30
[15:49] {magoo} sheesh...think about those who say"its gotta pullback..can't close up 25"
[15:49] {magoo} ive learned BIDU can edo anything it wants
[15:51] {judijim} we'll be back Thursday for short time in am, today was a slight - but we hung in there. Thanks everyone
[15:52] {Threei} taske care jj
[15:52] {Threei} -s
[15:52] {magoo} bye JJ
[15:53] {magoo} doug kasss{aka perma bear short} just dropped his short term plays for now
[15:53] {magoo} his shorts
[15:56] {magoo} dropping his shorts he he
[15:56] {magoo} full monte'
[15:56] {Threei} IBM is back to 120
[15:56] {Threei} not touching it
[15:56] {Threei} earning too close
[15:56] {Threei} +s
[15:57] {magoo} whats +s
[15:57] {Threei} earning + s = earnings
[15:59] {Threei} too bad, lol
[15:59] {cosmo} makes cents...
[15:59] {Threei} would have been a nice scalp to finish
[16:01] {Threei} will wait a bit for IBM/EBAY
[16:01] {magoo} me too
[16:02] {Threei} wow
[16:02] {Threei} some impatient buyers
[16:03] {Threei} 121 buyer lost buck and half in a jiffy
[16:03] {magoo} that was me
[16:03] {magoo} NOT
[16:05] {Threei} GILD
[16:05] {Threei} REPORTS Q1 $0.54 V $0.48E, R $1.26B V $1.22BE
[16:07] {magoo} IBM going
[16:07] {Threei} EPORTS Q1 $1.65 V $1.45E, R $24.5B V $23.7BE
[16:07] {magoo} report out?
[16:07] {Threei} - Q1 GM 41.5% v 40.2% y/y.
[16:08] {magoo} 124
[16:08] {magoo} its moving RIMM & AAPL
[16:10] {Threei} OK, done
[16:10] {magoo} huh?
[16:10] {Threei} thank you,
[16:10] {Threei} see you all tomorrow
[16:10] {magoo} ty vad
[08:03] {Threei} JPM
[08:03] {Threei} REPORTS Q1 $0.68 V $0.64E, R $17.90 V $16.97BE, ROE 8.0% V 17% Y/Y
- Takes Q1 Markdown of $2.6B
[08:03] {Threei} - Q1 ROE 8.0% v 17% y/y and 10% in Q4
[08:03] {Threei} - Q1 ROA 0.61% v 1.41% y/y and 0.77% in Q4
[08:03] {Threei} - Q1 Tier1 Capital ratio 8.3% v 8.5% y/y and 8.4% in Q4
[08:18] {Threei} CEO SAYS CREDIT ENVIRONMENT HAS GOTTEN BETTER IN THE FIRST COUPLE OF WEEKS IN APRIL - WIRE HEADLINE- Adds that "its very hard to predict" when credit markets will return to normal
[08:30] {Threei} MAR CONSUMER PRICE INDEX M/M: 0.3% V 0.3%E; CPI EX FOOD_ENERGY M/M: 0.2% V 0.2%E;
[08:30] {Threei} CPI NSA: 213.528 V 213.390E
[08:30] {Threei} MAR HOUSING STARTS: 947K V 1.010ME; BUILDING PERMITS: 927K V 970KE
[08:33] {magoo} morning
[08:33] {Threei} magoo :)
[08:37] {magoo} vad dcc
[08:41] {Threei} 04/15/08 08:59pm [POZN] FDA approves Treximet (sumatriptan and naproxen sodium) tablets for acute migraine
[08:42] {Onix} Good morning all
[08:42] {Threei} onix :)
[08:43] {Onix} Thanks for all the info Vad
[08:44] {Threei} sure... which info? :)
[08:45] {Onix} All this relevant info that you take the trouble with providing it to us
[08:45] {Threei} oh, news posts
[08:45] {Onix} ya
[08:45] {Threei} it's easy... it crosses the wire, I copy and paste :)
[08:46] {Onix} most excellent!
[08:46] {Threei} just need to know what is significant and what is not
[08:46] {patience} yes vad, but you post the news before it even hits BNN and other financial news
[08:46] {patience} which is very good :)
[08:46] {Onix} yes, what "the market" will react to hey?
[08:46] {patience} gm RT
[08:46] {Threei} patience :)
[08:47] {Onix} gm patience
[08:47] {patience} morning Onix :)
[08:49] {Threei} some of them do have immediate impact
[08:50] {Threei} some are more of "general mood setting" kind
[08:51] {Onix} you think INTC will lift the market the same way today as what GE pulled it down the other day?
[08:51] {Threei} it does so far, the real question is for how long
[08:51] {Threei} we are in strong bear market,
[08:52] {Threei} traders tend to use this kind of positive news followed by upward spike to sell into
[08:52] {Onix} maybe 2 or 3 days or not?
[08:52] {Threei} but rallies in bear market can be extremely brutal
[08:52] {Threei} anyone's guess onix
[08:52] {Threei} could be couple hours
[08:52] {Threei} could be couple days
[08:53] {Threei} market will react on the same news differently depending on current environment
[08:53] {Onix} so true
[08:54] {Threei} I mean... there was time when merely mention that some obscure company established a website would triple stock's price :)
[08:54] {Onix} you mean brutal rallies in the sense that they are up so sharp or that they can fail so sudenly?
[08:54] {Threei} very sharp spike going way beyond what seems to be reasonable
[08:55] {Onix} I see ... where price and volume are way out of whack?
[08:55] {Threei} pretty much
[08:55] {Threei} shorts get too complacent,
[08:55] {Threei} life becomes too easy for them
[08:56] {Threei} so when upward move comes and alarms them
[08:56] {Threei} they go therouhg those same stages long do when bull market comes to a heavy setback
[08:56] {Threei} at some point they get squeezed and start covering, fueling further rise
[08:56] {cosmo} seems so brutal...
[08:57] {Onix} ya, Cramer also mentioned the short squeese last night
[09:01] {esemde} morning....
[09:02] {Onix} gm esemde
[09:02] {esemde} onix.....
[09:02] {Threei} ese :)
[09:05] {Threei} keeping an eye on WM
[09:05] {esemde} hmmm it appears in general we having everything yet nothing going on this morning.....in a roundabout sort of way of course
[09:05] {esemde} WM...
[09:05] {esemde} it its
[09:07] {Threei} SPWR
[09:07] {Threei} TICKS HIGHER IN PRE-MARKET AFTER COWEN AND UBS HAD POSTIVE EARNINGS PREVIEWS
[09:08] {GeoArb} gm
[09:08] {Threei} geo :)
[09:09] {esemde} geo
[09:11] {Threei} 04/16/08 06:08am
[09:11] {Threei} [FEED] Agfeed Industries To Acquire Multiple Commercial Hog Farms in China
[09:11] {Threei} - has entered into agreements to acquire majority ownership (on average more than 90%) of several commercial hog farms located in south China provinces
[09:12] {Threei} WM support around .70... would like to see a pullback for entry
[09:13] {markweb} Good morning all
[09:13] {Threei} mark :)
[09:13] {magoo} goog report after bell anyone?
[09:13] {markweb} :)
[09:14] {esemde} ASML moving also
[09:14] {magoo} hawk, u know?
[09:14] {hawkfan4} yep, 4/17 at 4:30
[09:15] {Threei} today is EBAY, IBM, RMBS
[09:15] {hawkfan4} or right after bell i mean, cc at 4:30, oops, that's tomorrow
[09:15] {Threei} MARCH INDUSTRIAL PRODUCTION: 0.3% V -0.1%E; CAPACITY UTILIZATION: 80.3% V 80.3%E
[09:16] {Threei} ESLR tomorrow also
[09:17] {magoo} TY
[09:20] {tomg} good morning
[09:20] {Threei} tom :)
[09:21] {magoo} tom:)
[09:28] {fernp} gm
[09:28] {Threei} fernp :)
[09:29] {magoo} vad, what symbol for nzaz? $ndx?
[09:30] {Threei} yes
[09:30] {magoo} ty
[09:30] {Threei} no pullback WM
[09:31] {esemde} POZN....
[09:32] {GeoArb} WM pulling
[09:33] {Threei} LLTC .75 long if stays above .60
[09:33] {cosmo} ASML
[09:33] {magoo} in lltc
[09:35] {bruce} l lltc .68
[09:36] {Threei} FEED smallish shares 17 break
[09:36] {magoo} already up
[09:36] {Threei} yeah, don't chase
[09:37] {magoo} aapl nbounce here
[09:38] {magoo} in aapl 151
[09:39] {Threei} come on already LLTC
[09:40] {magoo} out aapl here .35
[09:40] {Threei} APWR
[09:40] {Threei} CNBC?
[09:41] {Threei} WM
[09:41] {Threei} .71 long
[09:41] {Threei} .64 stop
[09:42] {magoo} in wamu .69
[09:43] {Threei} LLTC out
[09:44] {bruce} stooped lltc
[09:45] {fernp} me too
[09:45] {Threei} no bounce yet WM
[09:46] {magoo} me too
[09:46] {GeoArb} me too
[09:47] {GeoArb} all of us got stopped how come no rise in chart :D
[09:47] {Threei} stops are there for a reason
[09:47] {Threei} not every retreat is a rinse
[09:47] {GeoArb} just kidding :)
[09:48] {GeoArb} i take my stops (medicine) like a good boy
[09:48] {Threei} looking at it further drop, be thankful you do :)
[09:48] {GeoArb} yeah
[09:49] {esemde} long KLAC 1/2 lot .53
[09:49] {Threei} JNPR pulled back into 23 support
[09:50] {Threei} no confidence really... market is 50/50 here
[09:50] {Roman}
21 JASO highs
[09:51] {Roman}
21 waiting for pullback , bidding 24.95
[09:51] {Roman}
21 in small JASO
[09:51] {bruce} jaso beak candidate vad
[09:53] {Threei} needs to take .05
[09:54] {bruce} stop looks to be about .95 for now if breaks
[09:54] {Threei} way too tight for such volatile one
[09:54] {bruce} so much for long jaso
[09:55] {Roman}
21 i am still in JASO with a stop .74
[09:55] {Threei} to me, it's valid as long as it stays above .80
[09:58] {Threei} KLAC looks good so far ese
[09:59] {Roman}
21 FEED back to highs
[09:59] {Roman}
21 near highs
[09:59] {bruce} rimm looks like retrace long candidate if 117.9 holds
[10:01] {magoo} u in klac?
[10:01] {markweb} out KLAC +.18 Thanks ESE:)
[10:01] {esemde} Out KLAC .74
[10:02] {esemde} +.21...almost 1:1
[10:02] {Roman}
21 stoppped JASO
[10:03] {esemde} your welcome mark
[10:03] {esemde} was BS luck that i got the .74 exit on that one too
[10:04] {bruce} s sina 38.50 stop .75
[10:06] {Threei} JPM .85 long, stop .69
[10:07] {Threei} if loses .70 before triggering, let it fall under 43.5 before getting interested again
[10:09] {Threei} invalidated
[10:11] {esemde} Thinkin long COIN at .66
[10:11] {Threei} as FEED sympathy?
[10:11] {esemde} damm......no sooner......&^%^%$
[10:12] {Threei} SEED is another one
[10:12] {esemde} i'll look at that
[10:13] {bruce} stopped sina +12c
[10:14] {fernp} looking GGB
[10:15] {Threei} market still hasn't made up its mind about the direction
[10:16] {Threei} what did BIDU just get happy about?
[10:17] {Threei} no fresh newsa
[10:17] {magoo} no clue
[10:17] {magoo} goog red
[10:17] {magoo} ah..follows mkt vad
[10:17] {esemde} should break the 300 mark
[10:17] {Threei} nope, spiked before NQ
[10:18] {Threei} OK, starts looking like squeeze is going to be the theme
[10:18] {Threei} JPM got away, wanted it under .50
[10:19] {Threei} never happened
[10:21] {judijim} Good Morning Everyone
[10:21] {Threei} jj :)
[10:21] {magoo} JJ : )
[10:21] {Chaeron} GM all...
[10:21] {Threei} chaeron :)
[10:21] {Threei} for adrenalin deprived, TTES
[10:21] {Threei} 57 break
[10:21] {Threei} extremely volatile
[10:21] {magoo} OY
[10:23] {magoo} no like spread
[10:23] {bruce} what would bve stop for ttes - looks likes .75 or so?
[10:23] {Threei} yes
[10:24] {bruce} k
[10:24] {bruce} would that be coffee tea or ttes?
[10:25] {Threei} RIMM, 119 break if NQ spikes again
[10:26] {Threei} stop under .80 for scalpers, under .70 for da trade
[10:26] {Chaeron} in RIMM .02
[10:29] {Threei} scalpers have 1:1
[10:29] {Threei} daytraders too
[10:29] {ThurstonHowellTheThird} ty +.30
[10:29] {Threei} for daytrade, half out here
[10:29] {Threei} stop to .95
[10:30] {Threei} welcome thtt
[10:31] {Threei} oil inventory numbers are coming
[10:31] {Threei} DOE CRUDE: V +1.7ME ; GASOLINE: V -2ME ; DISTILLATES: V -1.7ME ; UTILIZATION: % V 83.8%E
API:
[10:31] {Threei} - Crude: +2.456M
[10:31] {Threei} - Gasoline: -2.38M
[10:31] {Threei} - Distillate: -0.939M
[10:32] {Threei} those are estimates
[10:32] {Threei} no actual numbers yet
[10:32] {Threei} delayed... do they need to edit them? :)
[10:33] {Chaeron} getting whiteout....
[10:33] {Threei} ok RIMM... let's do it
[10:34] {esemde} am i back....got cut off for some weird reason
[10:34] {Threei} you are back
[10:34] {esemde} tks
[10:35] {Threei} DOE CRUDE: -2.36M V +1.7ME
[10:35] {Threei} GASOLINE: -5.52M V -2ME ; DISTILLATES: +52K V -1.7ME ;
[10:36] {Threei} one set of nonsense numbers is behind us... what's next
[10:36] {Threei} beige book at 2
[10:36] {Threei} sigh
[10:37] {Threei} AKES NEW ALL-TIME HIGH POST DOE INVENTORY DATA
[10:37] {Threei} OIH
[10:37] {Threei} great
[10:37] {Threei} just what we need, more oil price increase
[10:38] {Threei} stop to .99 RIMM
[10:38] {Threei} not that 4 cents matter
[10:38] {Threei} just a matter of ... not willing to lose on itprinciple
[10:39] {Threei} JASO rinsed you Roman
[10:39] {Threei} how rude
[10:40] {magoo} me too
[10:41] {Threei} FSLR goes to 300 today I guess
[10:46] {Threei} too bad RIMM
[10:46] {Threei} looking for another entry
[10:47] {magoo} agree..as long as mkt heads up
[10:51] {Threei} not really clear here, just jumps up and down
[10:58] {Threei} feels like another market spike is coming
[10:58] {Threei} AMZN long
[10:59] {magoo} what u get?
[10:59] {Threei} stop under .40 for scalpers, under .30 for day trade
[11:00] {Threei} spike is here... how about following AMZN
[11:01] {Chaeron} in AMZN .53
[11:03] {patience} magoo, did dino whisper into your ear if the dow is going up 300 today?
[11:03] {Threei} not sure I like this hesitation... stop under .40
[11:03] {Threei} with this market stength should have gkotten better follow-through from AMZN
[11:06] {Threei} out
[11:06] {Chaeron} me too
[11:07] {Chaeron} -.17
[11:07] {bruce} don't have nq vad but was watching q's and they showed selling pressure
[11:08] {Threei} from 10:50 for the next 5-6 minutes?
[11:08] {Threei} 10:58, sorry
[11:08] {GeoArb} how do we see selling pressure?
[11:09] {GeoArb} (sincere question)
[11:09] {Threei} I am looking at Qs chart bruce
[11:09] {Threei} are we talking about different time or what?
[11:09] {Threei} it shows the same buying as NQ's chart
[11:10] {bruce} I 've have level 2 up for it as well
[11:10] {patience} sold 3 agrium july calls, bought at 6.30, sold at 18.20
[11:10] {Threei} L2 for Qs is useless
[11:10] {bruce} been seeing stready big numbers filling in on sell side
[11:10] {Chaeron} nice job Patience!
[11:10] {patience} ty chaeron, still have 6 left
[11:11] {bruce} and on chart - small candle at 11:04 then decline below it
[11:11] {Threei} 11:04, yes... but the call for upward was made at 10:58
[11:12] {bruce} k - looks good from there - just didn't pan out
[11:13] {bruce} stld short candidate if it goes back up near 38 and fails
[11:29] {Chaeron} I am too damn nice
[11:29] {Chaeron} shoot... wrong window... sorry
[11:29] {GeoArb} youre nice here too chaeron
[11:29] {Threei} me too chaeron... just look:
[11:29] * Threei slaps Chaeron around a bit with a large trout
[11:29] {Chaeron} shucks... I want to be a "bad boy"
[11:29] * magoo slaps Threei around a bit with a large trout
[11:30] {Chaeron} thanks mags
[11:31] {Chaeron} fslr
[11:32] {Threei} wanted to call SOLF break at .15 and canceled... guess whose fault it is
[11:32] {Chaeron} mine
[11:32] {Threei} nope
[11:33] {magoo} mine
[11:33] {Threei} yup :)
[11:33] {magoo} u gotta ignore me : )
[11:34] {GeoArb} how can we
[11:34] {GeoArb} youre too damned nice
[11:34] {magoo} ask my wife
[11:34] {GeoArb} no no... that was chaeron
[11:34] {Chaeron} heck... you're on my "alert" list mags
[11:34] * Chaeron shaking head... how to get rid of "nice" image......?
[11:34] {Threei} easy
[11:34] {Chaeron} even larisa thought I was too polite
[11:35] {GeoArb} (highlighting chaeron in oink in mirc.....)
[11:35] {GeoArb} pink
[11:35] {Chaeron} and SHE was super nice
[11:35] {Threei} go out, find some baby with candy, take the candy from the baby
[11:35] {Chaeron} oink??? you calling me fat??
[11:35] {GeoArb} wellll oink IS pink
[11:35] {Threei} make sure someone videotaping the act
[11:35] {Threei} get back here and show us footage
[11:35] {Chaeron} 3i - lol
[11:36] {Threei} and hey, no staging
[11:36] {GeoArb} i do that to my kids all the time
[11:36] {Threei} if baby says "here uncle chaeron, take this candy" - won't count
[11:36] {GeoArb} i call it good parenting
[11:36] {Chaeron} roflol
[11:36] {Chaeron} damn AMZN
[11:37] {Threei} come on... you wouldn't hold it through the drop all the way to 74
[11:37] {GeoArb} last 2 days tough
[11:37] {Chaeron} naaa you're right
[11:37] {GeoArb} for me... yesterday was all luck....
[11:37] {GeoArb} today i made interesting mistakes
[11:38] {magoo} or..go out in front of crowd and kick first puupy u see
[11:39] {GeoArb} saw .85 JPM call and for some reason saw .75
[11:39] {GeoArb} and entered......
[11:39] {GeoArb} wierd.... need sleep/coffee
[11:39] {GeoArb} saw AMZN call and decide to enter on higher price break...... so got stopped on higher loss...
[11:40] {GeoArb} i guess only experienced chefs should modify recipes
[11:41] {bruce} rimmsky trying to break long here
[11:42] {GeoArb} ok now i am insulted...... not even a measly trout
[11:43] {Threei} we are too nice geo
[11:43] {markweb} JPM news?
[11:43] {GeoArb} SLM?
[11:44] {Threei} JPM
[11:44] {Threei} TO SELL PERPETUAL PREFERRED STOCK - WIRE HEADLINE
[11:45] {markweb} ??? ty
[11:45] {markweb} JPM long?short?side?
[11:51] {Threei} UPDATE: US SENATOR CANTWELL URGES THE FTC TO LAY OUT PLANS TO CURB OIL MARKET SPECULATION BEFORE THE SUMMER DRIVING SEASON BEGINS- under legislation sponsored by the Senator and passed last year, the FTC is required to put a rule in place detailing how it would oversee any alleged oil market speculation or manipulation
[12:01] {Threei} I didn't see the details... but things like this tend to double the price of the very product they intend to regulate
[12:02] {Threei} RIMM is tempting here, right at support
[12:02] {Threei} whether market helps or not is 50/50
[12:03] {Threei} but if it shows stgrength, quick grab with stop under .40 looks worth it
[12:04] {Threei} mark... the more I look at JPM the more I think leave it alone for today
[12:05] {markweb} to late, im stoppped:(
[12:06] {Threei} new high RIMM
[12:06] {magoo} oin .61
[12:07] {Threei} it never lost .50
[12:07] {Threei} so stop under it makes sense for scalpers
[12:08] {markweb} im stopped on JPM
[12:08] {Threei} I am not sujre why you were even in to say honestly
[12:08] {markweb} me to:)
[12:09] {Threei} well desvred stop then :)
[12:09] {markweb} y
[12:09] {Threei} don't trade on impulse... trade on valid setup
[12:09] {Threei} keep stop where chart says
[12:09] {Threei} let market do its thing
[12:09] {Threei} and most important as of this very momnent,
[12:09] {Threei} today and yesterday:
[12:10] {Threei} realize how probabilities work,
[12:10] {Threei} odds are not distribute evenly,
[12:10] {Threei} there are clusters here and there
[12:10] {Threei} so, after two months of trading at winning rate beyond normal, we have two days ofd losing cluaster
[12:11] {Threei} what do you do about that?
[12:11] {Threei} anyone?
[12:11] {GeoArb} ummm not make mistakes like min
[12:11] {GeoArb} mine
[12:11] {Threei} well, that's true for any time :)
[12:12] {Threei} specifically at this point what you do is
[12:12] {Threei} 1. shrug
[12:12] {Threei} 2. keep your stops rteligiously
[12:12] {Chaeron} cut back to smaller shares and take only most probable
[12:12] {GeoArb} i am not sure about smaller shares
[12:12] {Threei} 3. let market work it out and get back into more normal odds distribution phase
[12:12] {Chaeron} I thought #2 was anytime anyway
[12:12] {GeoArb} as keeping decent position on RIMM dug me out today
[12:13] {Threei} chaeron, that's true, but there is one interesting twist to it right now
[12:13] {Threei} when market acts like it does last few days
[12:13] {Threei} it tends to shake you our more often than usual, then continue moving in your favor
[12:13] {Threei} and herein lies the danger
[12:13] {Threei} you seee it a few times, you decide it became new norm\
[12:14] {Threei} and next time you ignore your stop
[12:14] {Chaeron} yeah... noticed
[12:14] {Threei} or widen it beyond your risk tolerance
[12:14] {Threei} worst thing that can happen now is, it works
[12:14] {Threei} your stock returns and makes you a profit
[12:14] {Threei} bad habit gets reinforced
[12:14] {Threei} you start doing it more often
[12:15] {Threei} you know what happens next, right?
[12:15] {markweb} y Vad:(
[12:15] {Threei} if you alresdy know, then change :( to :)
[12:15] {Threei} it means this common mistake is already behind you
[12:16] {Threei} if you already paid for it, you bought the knowledge not to do it again
[12:16] {GeoArb} off to work...need to read vad's advise today... when do you post blog?
[12:16] {GeoArb} chat transcript i mean
[12:17] {Threei} now... if you repeat it... it's whole other problem... it's for a shrink who needs to find out why you like suffering
[12:17] {Threei} after market Geo
[12:17] {GeoArb} ok... TY all bye
[12:17] {magoo} waiting ,94
[12:17] {Threei} http://www.realitytrader.com/tradinglog/
[12:17] {Threei} every day, unedited
[12:18] {Threei} unless there is something very unkosher by our usual misbehaving team {G}
[12:18] {Threei} RIMM is at 1:1
[12:18] {Threei} you are on your own from here
[12:19] {Chaeron} am I on the team?????? :)))
[12:21] {Chaeron} (*crickets chirping......*)
[12:28] {magoo} out ,87
[12:29] {magoo} TY vad
[12:29] {Threei} with stop under .50 you are at 1:4 mags... under .40 - at 1:2
[12:29] {Threei} nice one
[12:29] {Threei} welcome
[12:29] {magoo} now i confused lol
[12:30] {esemde} Ok am done watching...have a great day everyone...
[12:30] {Threei} take care ese
[12:31] {esemde} see ya vad
[12:31] {magoo} WAIT
[12:31] * magoo slaps esemde around a bit with a large trout
[12:31] {esemde} whaaaaa
[12:31] {esemde} see ya
[12:37] {Threei} how about that, RIMM?
[13:05] {Threei} AAPL
[13:05] {Threei} synchronized with NQ almost perfectly
[13:06] {Threei} watch for a quick scalp when NQ reverses
[13:06] {Threei} will be too fast to call
[13:06] {Threei} either you get a read on it or stay away
[13:07] * Threei slaps Laserdave1 around a bit with a large trout
[13:08] {patience} chaeron, please see dcc, ty
[13:08] {Laserdave1} that was really delayed
[13:09] {Threei} I am getting old
[13:25] {magoo} .
[13:25] {Threei} good point
[13:26] {judijim} we were on break but read for trading "wisdom" helps our conservative focused trading. TY Vad, ahead today so far :)
[13:26] {judijim} read your
[13:27] {Threei} good job jj
[13:31] {Threei} anyone found entry AAPL?
[13:32] {markweb} @.00
[13:33] {Threei} and out at...?
[13:33] {markweb} .30
[13:33] {Threei} :)
[13:33] {Threei} not a stellar day still but considerably better than yesterday
[13:48] {Threei} market is holding its breath ahead of IBM
[13:49] * Chaeron slaps Laserdave1 around a bit with a large trout
[13:49] {Threei} oh, and beige book in 10 min
[13:49] {Threei} hah... and you call me slow dave
[13:50] {Chaeron} :)
[13:51] {magoo} is that usually a mkt mover vad?
[13:51] {Threei} sometimes
[13:51] {Threei} when something out of whack reported
[14:01] {Threei} FED'S BEIGE BOOK: 9 DISTRICTS REPORT SLOWING ECONOMIC ACTIVITY, WEAKENED SINCE FEB
- Lending standards tightened and loan demand was down, consumer spending seen softening in most of US
[14:01] {Threei} - Notes input costs up, smaller rises in selling prices
[14:01] {Threei} - Labor markets described as weakening
[14:02] {Threei} non event
[14:04] {Threei} FED'S PLOSSER: IT MAY NOT BE A RECESSION, "BUT IT FEELS PRETTY BAD," CLEAR THAT THE ECONOMY HAS SLOWED DRAMATICALLY - Q&A
- Fed must be cautious about the "last resort" role, must be careful not to aggravate boom-bust cycles. The Fed's role is to preserve the functioning of the marketplace.
[14:10] {Threei} RIMM looks like short here
[14:12] {Threei} stp above 120
[14:12] {magoo} where u in?
[14:12] {magoo} i .81
[14:12] {Threei} .92
[14:13] {Threei} wow
[14:13] {magoo} grrrrrrrr
[14:13] {magoo} thats when i saw your post
[14:13] {Threei} it was avilable much closer to resistance
[14:13] {Threei} posted it when it was .95
[14:19] {magoo} thats sucjked
[14:19] {magoo} for me anyway
[14:19] {Threei} sure... if you entger at 1:1
[14:20] {magoo} u get me alot that way..u gotta put yourt price target up when u can
[14:20] {Threei} I do when I can
[14:20] {magoo} i looked up..saw .81
[14:20] {Threei} every time we play something slower or located farther from trigger, you se a price
[14:20] {magoo} took it and wasted 100 bux
[14:21] {Threei} fast and volatile one, and right on entry point, I can't
[14:21] {Threei} whaty can I do so you see it when I post it?
[14:21] {Threei} and not 10 cents later?
[14:22] {Threei} set sound alert
[14:22] {Threei} look at the chart before you enter
[14:22] {Threei} you know I am not calling entry into spike
[14:22] {magoo} it just happens alot.u always say i'm chasing..but thats where i notice call and have mno idea if i am chasing
[14:23] {Threei} do you look at the chart?
[14:23] {magoo} not complaining..but it happens alot to me
[14:23] {Threei} I am suggesting you ways to fix it
[14:24] {Threei} at least two, and better both
[14:24] {magoo} right after u fill..why not post the entry price u get?
[14:24] {Threei} because it's a fast stock and it moves?
[14:25] {magoo} like pulp?
[14:25] {magoo} "pulp can nmove baby"george castanza
[14:53] {magoo} big p[ower up boss
[14:57] {Threei} market thinks IBM is going to be good
[15:00] {magoo} i calleed dino in myrtle...he says up
[15:00] {hawkfan4} lol :)
[15:10] {magoo} rimm l here .50 break
[15:11] {magoo} scalp
[15:13] {magoo} out here .73
[15:14] {markweb} out Rimm +.20 Thanks Magoo:)
[15:14] {magoo} nice mark
[15:14] {magoo} quick one
[15:14] {markweb} got@55
[15:15] {magoo} half lot?
[15:15] {markweb} 100sh
[15:15] {magoo} oh..ok..its risky ..i play half lots
[15:15] {magoo} .20 cent =100 bux
[15:16] {markweb} sweet:)
[15:17] {magoo} vad..i need the other rioom service here...
[15:19] {Threei} spelling lessons?
[15:19] {magoo} liter = how many ounces?
[15:21] {markweb} 1 btl
[15:22] {Threei} 1 liter = 33.814 oz
[15:24] {magoo} ty
[15:25] {magoo} if IF mkt wants to sell off...100 shares short bidu...ONLY if IF mkt crashes ...ROISKY
[15:25] {Threei} FED'S MISHKIN: THERE IS ROOM TO LOWER THE FED FUNDS RATE "IF NEEDED
[15:26] {magoo} market still powering up
[15:26] {Threei} oh yes, let's kill that dollar, it's still breathing
[15:26] {Threei} no news QTWW... impressive % move
[15:27] {Threei} energy sector
[15:29] {Threei} well... IBM 20 break, do we dare?
[15:29] {Threei} 120 I mean
[15:31] {magoo} in
[15:31] {Threei} huge wall... I'll wait for actual break
[15:34] {magoo} yeah..smart
[15:35] {magoo} ouyt flat
[15:43] {bruce} dcc mark
[15:43] {magoo} [15:31] {Threei} huge wall... I'll wait for actual break
[15:43] {magoo} ty..u keep making those : )
[15:44] {bruce} yes
[15:44] {magoo} dino said yesterday.."u watch..i go away and huge rally"
[15:44] {magoo} +233 so far
[15:45] {Threei} hmmm... no IBM earnings yet
[15:45] {Threei} quite a quick move
[15:45] {Threei} making those walls mags?
[15:47] {magoo} huh?
[15:47] {Threei} [15:43] {magoo} ty..u keep making those
[15:47] {magoo} hows volume today?
[15:47] {Threei} those what? :)
[15:47] {Threei} bigger than last couple days
[15:47] {magoo} oh..those comments
[15:47] {magoo} saved me some bling
[15:47] {Threei} ah
[15:48] {magoo} i dumped flat after u brought that to my attention..an obversight for me
[15:48] {Threei} sometimes aggresive entries just don't feel right
[15:48] {magoo} f'in BIDU up 30
[15:49] {magoo} sheesh...think about those who say"its gotta pullback..can't close up 25"
[15:49] {magoo} ive learned BIDU can edo anything it wants
[15:51] {judijim} we'll be back Thursday for short time in am, today was a slight - but we hung in there. Thanks everyone
[15:52] {Threei} taske care jj
[15:52] {Threei} -s
[15:52] {magoo} bye JJ
[15:53] {magoo} doug kasss{aka perma bear short} just dropped his short term plays for now
[15:53] {magoo} his shorts
[15:56] {magoo} dropping his shorts he he
[15:56] {magoo} full monte'
[15:56] {Threei} IBM is back to 120
[15:56] {Threei} not touching it
[15:56] {Threei} earning too close
[15:56] {Threei} +s
[15:57] {magoo} whats +s
[15:57] {Threei} earning + s = earnings
[15:59] {Threei} too bad, lol
[15:59] {cosmo} makes cents...
[15:59] {Threei} would have been a nice scalp to finish
[16:01] {Threei} will wait a bit for IBM/EBAY
[16:01] {magoo} me too
[16:02] {Threei} wow
[16:02] {Threei} some impatient buyers
[16:03] {Threei} 121 buyer lost buck and half in a jiffy
[16:03] {magoo} that was me
[16:03] {magoo} NOT
[16:05] {Threei} GILD
[16:05] {Threei} REPORTS Q1 $0.54 V $0.48E, R $1.26B V $1.22BE
[16:07] {magoo} IBM going
[16:07] {Threei} EPORTS Q1 $1.65 V $1.45E, R $24.5B V $23.7BE
[16:07] {magoo} report out?
[16:07] {Threei} - Q1 GM 41.5% v 40.2% y/y.
[16:08] {magoo} 124
[16:08] {magoo} its moving RIMM & AAPL
[16:10] {Threei} OK, done
[16:10] {magoo} huh?
[16:10] {Threei} thank you,
[16:10] {Threei} see you all tomorrow
[16:10] {magoo} ty vad
