RealityTrader Trading Log

Tuesday, June 23, 2009

Jun 23 2009

Activity is still low but we got couple very nice bounces on CAT and HIG. Looking at CAT entry in retrospect, $32.20 was as good as it gets.

Session Time: Tue Jun 23 00:00:00 2009

[08:03] {Threei} LVLT Selected by IUSACELL for High-Speed IP Services
[08:03] {Threei} - Under the terms of the three-year agreement, Level 3 will provide high-speed IP services for Iusacell to transport data services within the U.S. via the Level 3 network gateway in south Texas
[08:03] {Threei} - Financial terms not dislcosed
[08:03] {Threei} ASIA Wins Tender to Build New Billing System for Beijing Mobile (18.01, 0.00, 0.00%)
[08:04] {Threei} CLNE Awarded 10 yr contract to build and operate a compressed natural gas (CNG) fueling station by Choice Environmental Services (7.89, 0.00, 0.00%)
[08:05] {Threei} - Co will begin to deploy a new fleet of clean-burning CNG refuse trucks to serve the City of Fort Lauderdale.
[08:05] {Threei} - The companys Florida service area includes Palm Beach, Broward, Collier and Dade Counties.
[08:05] {Threei} - In addition to Fort Lauderdale, Choices customers include the Miami-Dade County School District, one of the nations largest. The new private Clean Energy time-fill CNG fuel station will be located on property owned by Choice in Pompano Beach. The waste and recycling firm is the first in South Florida to convert a portion of its operations to natural gas fuel use.
[08:06] {Threei} BLTXX Baltic Dry Bulk Index -3.8%, (third straight decline
[08:13] {Threei} (US) Former Fed Governor Mishkin: No need to balance the budget right now, but fiscal discipline is needed in the long term
[08:13] {nemo} define long term?
[08:13] {Threei} {Former Fed Governor Mishkin} somewhere beyind our lifetime
[08:14] {nemo} so 2012
[08:21] {level777} mtxx tank on sec inquiry
[08:22] {Threei} as if previous troubles were not enough eh
[08:32] {Threei} OPTV Powers Digital Cable Launch in China (1.25, 0.00, 0.00%)
[08:33] {Threei} Co has launched an end-to-end middleware solution for Southern Yinshi Network Media Ltd, a subsidiary of Southern Media Corporation, one of Chinas leading broadcasting groups. Southern Yinshi is responsible for the digital conversion of 18 municipal and city cable networks of Southern Media Corporation.
[08:33] {Threei} - The end-to-end solution, powered by OpenTV Core2 middleware, enables one of the most comprehensive digital cable offerings in China featuring a variety of enhanced services including: a user interface, an interactive mosaic, as well as weather and customer care applications.
[08:33] {Threei} - The solution has initially launched with Southern Yinshi in the Yangjiang municipality of the Guangdong province.
[08:36] {Threei} BSX
[08:36] {Threei} Boston Scientific Corp MADIT-CRT Trial Meets Primary Endpoint
[08:36] {Threei} - University of Rochester Medical Center today announced that the landmark MADIT-CRT trial has met its primary endpoint. Preliminary results show Boston Scientific cardiac resynchronization therapy defibrillators (CRT-Ds) to be associated with a significant 29% reduction (p=0.003) in death or heart failure interventions when compared to traditional implantable cardioverter defibrillators (ICDs). High risk(1), asymptomatic or mildly symptomatic, New York Heart Association (NYHA) Class I and II(2) patients were enrolled in MADIT-CRT.
[08:37] {fernp} good morning everybody
[08:37] {Threei} fern :)
[08:42] {Threei} quite questionable attempt by market to gap up
[08:42] {nemo} looks very weak
[08:45] {Threei} BAC Announces Common Stock Average Price for Exchange Offer (11.94, 0.00, 0.00%)
[08:45] {Threei} 12.7048
[08:46] {Threei} keeping an eye on BSX
[08:46] {Threei} 10-10.10 is significant resistance area to break
[08:46] {level777} lots of sellers 9.90+
[08:47] {Threei} yup
[08:47] {Threei} if capable of digesting it and breaking, could be a good one
[08:54] {Threei} ACUR Halted: Receives Prelim Review Letter from FDA Regarding Acurox; does believe will receive approval on PDUFA date
[08:57] {level777} bsx over 10
[08:58] {nemo} C&H
[09:00] {Threei} honestly trying
[09:00] {Threei} on daily 10.08 is high probed twice recently
[09:01] {Threei} initial spike earlier today took it to 10.20
[09:02] {Threei} BA *POSTPONES 787 FIRST FLIGHT (46.90, 0.00, 0.00%)
[09:04] {Threei} RU) Russian economy to shrink by 11% in May - IFX
[09:04] {vinod} GM
[09:05] {level777} bsx will need big vol to make a run today
[09:05] {Threei} awww
[09:05] {Threei} MGRM Halted; Being acquired by Labcorp (1.68, 0.00, 0.00%)
[09:06] {Threei} 4.55/share
[09:06] {Threei} someone managed to grab 2.40 before halt
[09:07] {ese} good morning
[09:09] {Threei} ese :)
[09:09] {Threei} vinod :)
[09:14] {Threei} with all the selling, BSX remains stubbornly close to 10
[09:15] {Threei} hard to tell wou outstubborns who
[09:16] {dino} gm all
[09:16] {nemo} dino:)
[09:16] {Threei} dino :)
[09:16] {nemo} how's you're holdover?
[09:17] {Threei} EU and US file joint complaint at WTO against China regarding raw materials (related IYM )
[09:17] {dptl} good morning all
[09:17] {Threei} ACUR open?
[09:17] {Threei} dp :)
[09:18] {Threei} still don't see final verdict by FDA on wires
[09:18] {Threei} trades like refusal
[09:18] {magoo} morning
[09:19] {Threei} magoo :)
[09:20] {Threei} strange ACUR
[09:20] {Threei} if there is news and it'f refusal, it should be a lot lower... if there is no news yet why it's unhalted
[09:21] {magoo} what we stalkin vad?
[09:21] {Threei} BSX
[09:21] {Threei} ACUR
[09:23] {Threei} available for short btw, ACUR
[09:24] {Threei} FITB Fitch cuts ratings to A- from A (one notch); Outlook negative
[09:27] {jfjf64} mornin
[09:27] {Threei} jf :)
[09:28] {Threei} don't see ALGN news
[09:30] {Threei} Long Setup: BSX .90 break if stays above .80
[09:32] {Threei} I don't understand ACUR at all
[09:34] {Threei} Short Setup: CAT .45 if stays below .60
[09:35] {nemo} stop bsx
[09:35] {Threei} did it ever trigger?
[09:35] {nemo} yes
[09:36] {nemo} 9:33
[09:37] {dino} v sm ueic l .02 wide thin
[09:38] {Threei} Short Setup: MTXX .75 breakdown
[09:38] {Threei} oops.. unavailable
[09:38] {Threei} used to be couple days ago
[09:40] {Threei} ACUR is dropping
[09:41] {magoo} mkts dropping
[09:42] {Threei} RIMM, watching for sharp drop into .50 where I get interested in bounce
[09:42] {magoo} quote server vad??
[09:43] {Threei} 20
[09:43] {magoo} ty
[09:47] {dino} watching cedc
[09:47] {Threei} Short Setup: RIMM .10 break
[09:47] {Threei} if stays under .20
[09:49] {Threei} no go
[09:49] {Threei} sheesh
[09:49] {Threei} lol
[09:49] {nemo} they got positive comments yesterday
[09:49] {Threei} FEED Hearing positive comments out of Stansberry (timing uncertain)
[09:49] {Threei} - Firm suggests buying shares of AgFeed Industries Inc. at or below $6.25. (5.78, 0.25, 4.52%)
[09:50] {fernp} FITB bounce?
[09:50] {Threei} most likely
[09:50] {Threei} no clear indication
[09:50] {Threei} hard to nail wntry
[09:50] {Threei} entry
[09:51] {fernp} you posted news, no?
[09:51] {Threei} on what?
[09:51] {Threei} FITB?
[09:51] {fernp} y
[09:51] {Threei} [09:24] {Alert} Threei FITB Fitch cuts ratings to A- from A (one notch); Outlook negative
[09:52] {fernp} thanks
[09:52] {nemo} quote and chart servers a bit squirrely today
[09:53] {Threei} IEA's Tanaka: US must increase spending on renewable energies (related USO FAN TAN )
[09:53] {Threei} no really?
[09:56] {Threei} US Treasury Sec Geithner planning to travel to the middle east and Europe in July
[09:56] {Threei} do we need to know about his vacations?
[09:56] {nemo} no, that's where he gets down on his knees and begs them to buy treasuries
[09:57] {dino} nop thats barney frank
[09:57] {Threei} lol
[09:57] {nemo} the janitor awake?
[10:00] {Threei} MAY EXISTING HOME SALES: 4.77M V 4.82ME
[10:00] {Threei} - Prior revised from 4.68M to 4.66M
[10:00] {Threei} APR HOUSE PRICE INDEX: -0.1% V -0.4%E
[10:03] {jfjf64} rmbs
[10:04] {dino} beat
[10:05] {nemo} rimm off to the races
[10:05] {nemo} fcx too
[10:05] {Threei} CAT
[10:05] {Threei} 33 break...
[10:05] {Threei} ideally, little pullback
[10:05] {Threei} hlding above .90 or .85
[10:05] {Threei} and break
[10:07] {Threei} watching market , if it jumps will grab CAT aggresively
[10:07] {Threei} thing seems to be following with little delay
[10:09] {dino} whippy
[10:09] {Threei} .82 long if stays above .75
[10:10] {nemo} had that one print @ .83
[10:10] {Threei} do you watch levekl 2?
[10:10] {Threei} that print was out of bounds
[10:10] {nemo} don't understand out of bounds, probably how I got nailed on bsx
[10:11] {Threei} offer was .77
[10:11] {Threei} nevcer upticked from there,
[10:11] {Threei} one print went at the price exceeding market
[10:11] {Threei} maybe late print, maybe someone is getting screwed up by his lousy broker
[10:12] {Threei} for our purposes it's not a valid trade
[10:12] {nemo} yeah, didn't hit it
[10:14] {Threei} ese, look dcc please
[10:18] {Threei} F Reportedly receiving $5.9B in new US loans (5.33, -0.05, -0.93%)
[10:19] {nemo} thought they didn't need Fed money
[10:19] {Threei} NSANY Reportedly granted $1.6B in US loans (11.99, -0.23, -1.88%)
[10:19] {Threei} what's going on
[10:19] {Threei} Nissan Motor Co., Ltd The company is expected to be one of the recipients of loans that will be provided by the US Energy Dept - Japanese Press
[10:19] {Threei} - The loans will be used for the production of fuel-efficient cars.
[10:19] {Threei} - Additionally, loans to Tesla and Ford are expected to be announced tomorrow.
[10:19] {Threei} - CEO: Awaiting US govt decision on loan application
[10:20] {Threei} yesterday's announcement
[10:21] {Threei} this market bounce looks like ready to reverse for another leg down
[10:22] {Threei} so far all of them did, in a hectic manner though
[10:22] {Threei} but morning news seems to be over
[10:22] {dino} sm l cedc .03
[10:23] {Threei} UBS US DOJ: Any suggestion that Govt will drop the lawsuit aginst the company is 'untrue'; there is no basis for the NYT report
[10:25] {Threei} trying to find short entries and not finding any structured setup
[10:27] {Threei} grrr.. both RIMM and CAT that I was watching got away, especially RIMM
[10:27] {Threei} RIMM is bounce candidate now
[10:31] {Threei} new breakdown seems to be forming
[10:32] {Threei} CAT nearest resistance is .70
[10:32] {Threei} let's see if we can find shirt entry
[10:32] {nemo} 16 neck
[10:35] {dino} pants
[10:35] {nemo} 30 30
[10:38] {dino} i just got that
[10:38] {nemo} thought I was talking the caliber
[10:39] {dino} y
[10:39] {level777} Ya think UBS popped today on the NYT article?
[10:39] {dino} wow we missed on beat badly, wanted 14
[10:39] {dino} bby sm l .99
[10:40] {Threei} and dropped on denial
[10:40] {dino} indeed l7
[10:41] {nemo} I'm actually an '06 .270 fan
[10:41] {dino} qcom after that gap
[10:41] {level777} clwr
[10:42] {Threei} ok... last bounce of this support, and let's finally nail some short
[10:42] {Threei} this is getting irritating... direction is clear, and no entry
[10:43] {ese} was looking for turnaround tuesday dino.........s
[10:43] {dino} filled qcom
[10:43] {ese} sol
[10:43] {dino} gap that is
[10:43] {ese} am stalking intc at .82
[10:43] {dino} still am es, $ down, we should go up
[10:44] {nemo} housing data was worse than expected
[10:44] {ese} hmmmmmm
[10:44] {dino} all forgotten in a couple hours anyway
[10:44] {dino} imo of copurse
[10:44] {dino} course
[10:45] {Threei} USGS discloses magnitue 7.0 earthquake strikes off Papua New Guinea
[10:45] {Threei} - follow up: Tsunami alert has been issued
[10:45] {level777} o my
[10:45] {vinod} back here again--any thing exciting?
[10:45] {dino} main thing, next downside gaps 8016, 1361, 855
[10:45] {Threei} (EU) EU Energy Commissioner: Oil around $70/bbl is a fair price (related USO )
[10:45] {Threei} lol
[10:45] {dino} i think oil at 20 is fair
[10:46] {nemo} me too
[10:46] {Threei} great... CAST doesn't even try to bounce with market anymore
[10:46] {Threei} CAT
[10:46] {dino} qcom sm l .50
[10:48] {Threei} FMCN Hearing Piper analyst defending FMCN, on belief that asset sale to SINA will go ahead as planned (timing uncertain
[10:49] {Threei} Long Setup: RIMM .90 break
[10:49] {Threei} invalidated
[10:50] {Threei} let's modify it to .80 break
[10:50] {Threei} with .70 support
[10:50] {Threei} invalidated
[10:50] {Threei} CAT, I can't believe it
[10:51] {Threei} clear short, and impossible to find entry
[10:51] {level777} fmcn have a play in it?
[10:51] {Threei} who knows... pure speculation
[10:52] {Threei} matter of questionable takeover
[10:52] {Threei} negotiated, stalled, now all kinds of rumors swirl around
[10:54] {Threei} wow
[10:54] {Threei} look at UAUA
[10:57] {vinod} can we get 10 cent from UAUA?
[10:57] {Threei} doesn't show any signs of firming up
[10:58] {level777} fmcn running
[10:59] {magoo} rimm valud
[10:59] {magoo} ?
[10:59] {Threei} IMO, short into bounce
[10:59] {vinod} in UAUA 3.08 stop at 3.00
[11:02] {wulff} who thinks relief rally?
[11:02] {vinod} 0ut 3.18 only 2k
[11:02] {nemo} qcom
[11:02] {nemo} sorry
[11:04] {Threei} starts feeling like that wulff
[11:04] {Threei} if materializes:
[11:04] {Threei} Long Setup: CAT .20 break
[11:08] {Threei} (CA) BoC's Carney: Recession in Canada is as deep as the US (related USD/CAD EWC )
[11:09] {nemo} 1:1 cat
[11:10] {vinod} offer cat at .30 no one took it
[11:10] {nemo} longs are probably scalps today
[11:11] {nemo} or, have been so far
[11:11] {vinod} stop on CAT?
[11:11] {Threei} .13
[11:11] {nemo} under lod
[11:11] {vinod} thanks
[11:14] {Threei} FMCN played nicely off news
[11:15] {dino} down rough;y 7% dji, ndx, s/p since the 11th(7 1/2 trade days)
[11:15] {vinod} out of CAT
[11:16] {nemo} 1:1 again
[11:16] {Threei} I am holding half
[11:16] {Threei} want to explore wulff's idea
[11:16] {Threei} stop to under .20
[11:16] {vinod} meno S&P broke 889 is bad news for market?
[11:17] {wulff} no more selling at this point, which should mean...
[11:17] {jfjf64} me too partner
[11:17] {Threei} vinod... with this volume, it's all can change on a dime
[11:17] {Threei} I see these days as day by day decision-making
[11:18] {Threei} no firm trend for any exteneded period of time
[11:18] {wulff} herds can be hard to contain
[11:18] {Threei} especially bisons
[11:19] {Threei} 1:2, 1/4 more out
[11:19] {vinod} shit I got out early in CAT
[11:19] {Threei} USGS reports magnitude 4.3 quake in Nevada (related TAYD )
[11:20] {Threei} 2 earthquakes in one day? it's not 2012 yet
[11:21] {wulff} all that and my TV broke!
[11:21] {dino} big one yesterday too alaska
[11:23] {Threei} nemo... you sure they haven't moved it to 2009?
[11:23] {nemo} gotta' start somewhere...I'm growing my hair long...with the beard I'm getting that Moses look...can't walk like Charlton Heston
[11:24] {Threei} CAT last portion stop to under .30
[11:24] {nemo} 1st crisis 2007, 2nd crisis 2010, Cous de gras 2012
[11:24] {Threei} maybe a bit dtingy trailing but I want to preserve every little bit of profits
[11:24] {Threei} they are precious these days
[11:25] {jfjf64} i agree
[11:25] {Threei} usually I prefer new high before trailing,
[11:26] {Threei} but it bounced nicely off .30 so trailing is justified
[11:26] {Threei} Long Setup: HIG .76
[11:27] {Threei} stop under .70 for scalpers
[11:27] {Threei} under .65 for day traders
[11:27] {Threei} ok CAT.. double top or new high?
[11:28] {magoo} in higmoint
[11:29] {Threei} good boy CAT
[11:29] {Threei} break .50 and spike please
[11:29] {Threei} HIG 1:1 for pesky scalpers
[11:29] {Threei} CAT 1:3 here
[11:30] {Threei} make your choice between exit and trailing to under .40
[11:30] {Threei} UAW Official notes talks with Ford are continuing, unclear if current discussions will lead to new contract (related F F.IT GMGMQ )
[11:30] {Threei} lol
[11:31] {Threei} last automaker standing... UAW just can't let it survive, can it
[11:31] {magoo} is there news aapl vad?
[11:31] {Threei} nothing fresh
[11:31] {nemo} gov't will step in and give them the company
[11:31] {magoo} if IF mkts go green it should be bouncer
[11:32] {wulff} Jobs liver something...
[11:33] {magoo} frwsh news?
[11:33] {Threei} 20 Jun 2009 08:32 AAPL WSJ: CEO Steve Jobs had liver transplant
[11:33] {Threei} - Steve Jobs has received a liver transplant in Tennessee and he is on track to return to work
[11:33] {Threei} look at the date
[11:33] {magoo} u think he bought that liver?
[11:34] {Threei} I would if I were him
[11:34] {Threei} if there are livers for sale, someone needs that money...
[11:34] {Threei} HIG 1:1 for day traders
[11:34] {Threei} CAT 1:4 is coming
[11:34] {magoo} hire the assassin to shoot me up a fresh donar
[11:35] {Threei} out CAT in full
[11:35] {Threei} +.37
[11:35] {Threei} out half HIG
[11:35] {Threei} +.12
[11:35] {Threei} stop to under b/e
[11:35] {Threei} whew... life becomes brighter
[11:35] {dino} gj
[11:35] {Threei} ty
[11:36] {Threei} wulff had right idea
[11:36] {wulff} my new liver feels better and better
[11:37] {nemo} out hig ty
[11:37] {Threei} sure thing
[11:37] {Threei} out HIG in full
[11:38] {Threei} don't like this time for longer hold
[11:38] {Threei} we got a piece of nice recovery
[11:38] {nemo} no plus it's really a financial stock
[11:38] {magoo} out hig full .95 TY
[11:38] {Threei} welcome mags
Session Close: Tue Jun 23 11:38:41 2009

Session Start: Tue Jun 23 11:38:41 2009
Session Ident: #discussions
02[11:38] * Disconnected
02[11:44] * Attempting to rejoin channel #discussions
03[11:44] * Rejoined channel #discussions
[11:45] {Threei} wow
[11:45] {Threei} lost connection
[11:45] {nemo} what? with reality?
[11:45] {dino} ufpi
[11:45] {magoo} withh common courtesy he he
[11:46] {Threei} never had any connection with that one
[11:46] {nemo} oh, I find zoloft and lithium help
[11:46] {Threei} with or without vodka?
[11:46] {ese} L intc .81
[11:47] {nemo} you really did lose connection
06[11:47] * nemo slaps Threei around a bit with a large bottle of Kettle 1
[11:47] {dptl} did i hear vodka?
[11:48] {nemo} read it...
[11:48] {nemo} question of the moment: jbe or dbi on cat?
[11:49] {Threei} dp... yes - grab a bottle and jump on the next ferry
[11:50] {dino} gut says up to +50 dji
[11:50] {magoo} rimm trying next leg
[11:50] {Threei} it can't be DBI, nemo
[11:50] {Threei} no D
[11:50] {nemo} sorry, true
[11:51] {nemo} break of .65 then?
[11:53] {Threei} hmmm
[11:53] {Threei} toughie
[11:58] {magoo} out rimm .67..+ .35
[11:59] {dino} gj
[12:03] {magoo} RIMM on a mission
[12:03] {magoo} from god
[12:06] {wulff} this range bound stuff is annoying
[12:08] {wulff} I said relief RALLY.
[12:08] {nemo} cat vad
[12:10] {Threei} does exactly nothing
[12:10] {dino} lol wulff
[12:10] {Threei} so should we
[12:10] {vinod} in FAZ 5.24 stop at 5.16 for 10 cent
[12:10] {nemo} yeah, dancing in that range, I was thinking if drops below .58 short
[12:11] {Threei} wulff... by these days standards, we already had one, lol
[12:11] {Threei} and I would say, we exploited it to its fullest extent
[12:11] {nemo} frickin' capitalists...always exploiting
[12:13] {Threei} yeah... exploitation of one human being by another... that's capitalism
[12:13] {Threei} of course under socialism it's just the opposite
[12:13] {nemo} oh...back to that
[12:29] {Threei} GMGMQ US Trustee says GM advisors are charging unreasonably rich fees of as much as $1,000/hour
[12:30] {Threei} huh?
[12:31] {Threei} Prez on TV
[12:32] {Threei} appaled and outraged
[12:32] {dino} isn't he always
[12:34] {dino} cedc stop to .41
[12:36] {magoo} talking about energy bill
[12:36] {magoo} clean energy
[12:36] {magoo} fslr bounced on it
[12:37] {magoo} l aapl .75
[12:37] {magoo} sorry fast
[12:38] {magoo} thinking .20-.40 area
[12:38] {Threei} (US) President Obama: Strongly condemn 'unjust' actions in Iran, US is not interfering in its affairs
[12:41] {dino} out cedc .50, +.47
[12:41] {magoo} stop flat now
[12:42] {magoo} waiting .43
[12:42] {magoo} gobnna tregrett the exit too i feel
[12:44] {magoo} [12:42] {magoo} gobnna
[12:44] {Threei} mags... we are still trying to underatand what it meant first time
[12:45] {Threei} Obama: Bernnake has done a fine job under circumstances
[12:45] {Threei} "good job Bernie"
[12:45] {magoo} i rtried too read it...didnt remember what i said
[12:52] {magoo} out aapl 134..+.25
[12:52] {magoo} ty vad
[12:53] {Threei} hmm?
[12:53] {Threei} you are welcome of course
[13:02] {Threei} - indirect bidders take 68.7% of competitive bids
[13:02] {Threei} EMKR Signs solar power agreement (1.27, 0.01, 0.79%)
[13:03] {Threei} This 20-year agreement with EMCORE consists of 114 kilowatts of solar power produced onsite at EMC
[13:04] {nemo} the auction seems to be jacking everything
[13:11] {magoo} i reloaded aapl .75 on that pullbk
[13:11] {magoo} sotrry about posdst
[13:11] {magoo} same range
[13:14] {dino} it's like magoo isn't typing english
[13:15] {magoo} ouyt here .99
[13:15] {magoo} + .24
[13:17] {Threei} US President Obama: There is no current need for a second stimulus package (related TLT SHY EUR/USD USD/JPY )
[13:17] {Threei} strange
[13:17] {Threei} I thoufght these guys never met stimulus of bailout they didn't like
[13:18] {nemo} maybe they figured they need it but won't be able to get anyone to lend them the money
[13:19] {magoo} i need some stimulus :)
[13:21] {ese} gotta hit the trail....still nursing my intc position.....just my speed at this time of year.....too much going on at school..cya tomorow
[13:21] {Threei} take care ese
[13:21] {ese} see ya vad
[13:22] {dino} qcom stop to .89
[13:25] {dino} out qcom +.40
[13:26] {jfjf64} hun .86 break here
[13:27] {level777} hig sure had a nice bounce there 3i
[13:27] {level777} great call
[13:27] {Threei} ty
[13:27] {Threei} we exited a little early but no regrets here
[13:28] {level777} my kids home from school 6, 10 & 14 called a scalp for .10 ion it for me lol
[13:28] {level777} now i cant get them away from my screen
[13:32] {dino} what commission they charging
[13:41] {level777} keep asking me "how much did we make, how much did we make"
[13:42] {Threei} suggest them to calculate an otcome in tablespoons aof icecream... that'll keep them busy
[13:43] {dino} lol
[13:58] {magoo} vad, what u stalin?
[13:58] {magoo} stalkin he hew
[13:58] {Threei} there is this piece of ham...
[13:58] {Threei} looks darn stalkable
[14:02] {wulff} crazy moves in aAPL
[14:08] {Threei} ever since those bounces that we played were done, market lost feel of direction
[14:13] {dino} dltr sm l .50
[14:16] {nemo} cat hanging around highs for 3r time
[14:16] {nemo} 3rd
[14:20] {Threei} if market spikes again, let's try this one for a scalp:
[14:20] {Threei} Long Setup: PALM .75 break
[14:21] {Threei} if retreats under .65, rather becomes a bounce candidate
[14:21] {Threei} .55 - .60 nearest support
[14:21] {level777} h
[14:23] {wulff} i
[14:30] {jfjf64} plan b
[14:35] {level777} g
[14:37] {dino} out ueic ave. .68, +.66
[14:41] {Threei} OK, no breaks
[14:41] {Threei} let's see if bounces shape up
[14:41] {Threei} I don't want to try shorting
[14:41] {Threei} doesn't feel like it's in cards
[14:41] {jfjf64} waitin on ya boss
[14:42] {Threei} don't... I am afraid I'm going to get stuck here, dp has this strangely attractive bottle in his pocket...
06[14:45] * Threei slaps dptl around a bit with a large appeal to stop tempting sober people with vodka
[14:45] {BillyD} Hi vad
[14:45] {Threei} Bily!
[14:45] {BillyD} How are you
[14:45] {Threei} welcome back'
[14:45] {BillyD} ty
[14:45] {Threei} long time no see
06[14:45] * magoo slaps BillyD around a bit with a large trout
[14:45] {magoo} hey bro
[14:45] {BillyD} I feel at home now magoo :)
[14:45] {Threei} ahha... welcoming commettee is right here
[14:45] {Threei} lol
[14:45] {BillyD} consistent
[14:45] {BillyD} lol
[14:46] {Threei} yeah, you can rely on us
[14:48] {Threei} I don't dfeel striongly about this bounce but risk is very small
[14:48] {Threei} PALM, right here
[14:48] {Threei} with .54 - .55 stop
[14:49] {Threei} if you feel like 50/50 trade with small stop
[14:56] {magoo} vad..r or r?
[14:57] {Threei} can't tell
[14:58] {dptl} have a good evening all
[14:58] {Threei} take care dp
[14:58] {magoo} why wont u tell?
[14:58] {Threei} leave the bottle here
[14:58] {Threei} I would... I can't
[14:58] {Threei} I promised dp
[14:58] {Threei} not to tell anyone
[14:59] {dptl} :)
[15:04] {vinod} last hour going to be a happy hour
[15:05] {BillyD} Vad, many trades today
[15:05] {Threei} certainly - the question is for whom
[15:05] {BillyD} lol
[15:05] {Threei} not many... but couple fairly good ones
[15:07] {BillyD} selectivity the key last few days it seems
[15:07] {BillyD} more so than others
[15:07] {Threei} true
[15:08] {dino} sm pru l .50
[15:10] {Threei} The Nasdaq Stock Market, Inc Reportedly planning increased rebates to certain US order customers in efforts to increase market share
[15:10] {Threei} - Note on 6/16 CME modified their e-mini fee schedule with a volume based incentive program, effective Sept 1
[15:12] {jfjf64} rimm bounce??
[15:13] {Threei} from under .50, I'd feel much safer
[15:13] {Threei} here it's a toss-up
[15:13] {jfjf64} ty
[15:15] {wulff} wacky day...what else is new
[15:19] {Threei} RIMM is getting there
[15:19] {Threei} let it drop sharply
[15:21] {jfjf64} waitin on ya boss
[15:21] {Threei} does it mean I'll have to wake up? :(
[15:23] {Threei} see how it can't raise its head?
[15:24] {Threei} it needs a good flush
[15:24] {jfjf64} this might be level?
[15:24] {Threei} otherwise even if it bounces, it's going to be labored one not worth the risk
[15:24] {Threei} no
[15:24] {Threei} I am not touching it here
[15:25] {Threei} shrap flush is one version of what I want to see,
[15:25] {Threei} another is, stalling here, forminbg range, then breaking it wqith matkert jump
[15:25] {Threei} If it just reverses here, I prefer to let it go
[15:26] {Threei} gosh... mags, that typing teacher yopu recomended really does miracles
[15:26] {magoo} :)
[15:26] {Threei} lol, it's as if I type with my knees
[15:30] {Threei} RJET to Acquire Midwest Airlines
[15:30] {Threei} interesting... consolidation starts in beaten down industry
[15:38] {Threei} now having the benfit of insight,
[15:38] {Threei} have a look at CAT 1 min
[15:38] {Threei} and notice where we got it long
[15:39] {Threei} if that is not a prefect entry
[15:40] {dino} 3:40
[15:43] {dino} they've been killing them into the close lately
[15:44] {BillyD} what was your CAT entry
[15:44] {nemo} .20
[15:44] {Threei} 23.20 second recross
[15:44] {Threei} on the way back up
[15:44] {Threei} 32.20 of course
[15:44] {BillyD} 32.30....
[15:44] {BillyD} lol
[15:45] {Threei} seriously, how much better does it get
[15:45] {BillyD} that was area I thought
[15:45] {BillyD} now...did you hold til 33
[15:45] {Threei} as in "I wouldn't expect any less from you"? :)
[15:46] {Threei} no, for over .50
[15:46] {BillyD} lol
[15:46] {Threei} sold .58
[15:46] {BillyD} into resistance
[15:50] {Threei} whoa RJET
[15:51] {BillyD} hard spike
[15:52] {Threei} will be interesting one to watch tomorrow
[15:53] {BillyD} reminds me on ONTY & CLWR yesterday eod
[15:55] {dino} out pru .80, +.30
[15:55] {dino} out bby .00, +.01
[15:57] {dino} out met .41, -.09
[15:57] {Threei} okay guys, thank you all
[15:57] {Threei} I suspect tomorrow will be a bit more active
[15:57] {Threei} just feeling in the air
[15:57] {Threei} have a good evening, see you tomorrow
[15:57] {BillyD} cya
[15:57] {Alw} ty
[15:58] {Threei} hi Alw, welcome to the room
[15:58] {Alw} ty
[16:02] {fernp} good nite all