RealityTrader Trading Log

Friday, July 31, 2009

Jul 31 2009

The day started well with LVS and WFC shorts. Then a few stops albeit small took us back to about even. RIMM scal near close returned day into slightly positive territory but really, whole day's affair was not even worth the effort. Summer Friday...

Session Time: Fri Jul 31 00:00:00 2009

[08:12] {Threei} Preview: Q2 Advanced GDP Annualized and Personal Consumption due at 8:30 am
[08:12] {Threei} - GDP Annualized: -1.5%e v -5.5% prior quarter (Analyst range from -2.9% to -+0.7%)
[08:12] {Threei} - Personal Consumption: -0.5%e v +1.4% prior quarter (Analyst range from -1.0% to +1.3%)
[08:30] {Threei} *Q2 ADVANCED GDP ANNUALIZED: -1.0% V -1.5%E; PERSONAL CONSUMPTION: -1.2% V -0.5%E
[08:30] {Threei} *Q2 EMPLOYMENT COST INDEX: 0.4% V 0.3%E
[08:30] {Threei} Q2 ADVANCE GDP PRICE INDEX: 0.2% V 1.0%E; CORE PCE Q/Q: 2.0% V 2.3%E
[08:31] {Threei} *(CA) CANADA MAY GROSS DOMESTIC PRODUCT M/M: -0.5% V -0.3%E
[08:37] {BillyD} morning Vad
[08:37] {Threei} Billy :)
[09:04] {BillyD} .
[09:04] {cosmo} good point
[09:04] {Threei} don't even think about ruining our sleep on Friday
[09:04] {Threei} but yeah, excellent point
[09:05] {BillyD} my bad :(
[09:05] {Threei} well timed too
[09:05] {cosmo} yea... i almost had to make the point ....thx BD
[09:07] {cosmo} solars not happy it seems
[09:11] {fernp} good morning everybody
[09:11] {ese} good morning
[09:11] {ese} morning fern
[09:11] {Threei} fern, ese :)
[09:12] {ese} morning vad
[09:12] {Threei} strangest thing happened yesterday ese
[09:12] {fernp} thanks for email, Vad
[09:13] {Threei} sure :)
[09:14] {Threei} temperature ebverywhere I drive (and I had some extensive driving yesterday, freom Ogden point to Langford) was around 25-28C, and up to 33C in Langford,
[09:14] {Threei} while in my area it stayed nice and cool - 22-23
[09:15] {Threei} crossing Island View, you could see temperature on the display in the car dropping right before your very eyes by 5C
[09:15] {BillyD} it's your own little twilight zone vad
[09:15] {Threei} no kidding
[09:16] {Threei} my guests from San Diego begged for days for the relief from the heat,
[09:16] {BillyD} maybe Al Gors said: no global warming for Vad because he doesn't believe
[09:16] {BillyD} Gore
[09:16] {Threei} they commented yesterday that my house is located strategically very well, lol
[09:17] {cosmo} so ...san diegans can't take the heat ... i concur
[09:17] {Threei} so... you don't get what you don't believe?
[09:17] {Threei} I may have to re-think whole Santa thing then...
[09:17] {BillyD} lol
[09:18] {cosmo} Santa in July?
[09:18] {Threei} well cosmo,... they wanted to get away from that, and run here in just the same, lol
[09:18] {cosmo} karma
[09:23] {Threei} keeping an eye on LVS for short setup
[09:25] {JohnK} gm folks
[09:25] {magoo} news fslr vad}?
[09:25] {Threei} john :)
[09:26] {cosmo} drys up
[09:26] {Threei} Thursday, July 30, 2009 4:33:59 PM
[09:26] {Threei} First Solar Inc. Reaffirms FY09 Rev guidance $1.9-2.0B v $1.9Be from 4/29 - conf slides
[09:26] {Threei} - Reiterates FY09 gross margin 31-33%, CAPEX $270-300M
[09:27] {Threei} Thursday, July 30, 2009 4:05:38 PM
[09:27] {Threei} DryShips, Inc Reports Q2 $0.25 v $0.21e, R$245M v $204.1Me
[09:27] {Threei} - Q2 Net voyage revenue $99.9M v $245M y/y v $88.9M q/q
[09:27] {Threei} - Average number of vessels 37.3 v 38.5 y/y v 37.7 q/q
[09:27] {Threei} - Total voyage days for vessels 3,358 v 3,465 y/y v 3,277 q/q
[09:27] {Threei} - Vessels utilization 99.0% v 98.9% y/y v 97% q/q
[09:27] {Threei} DRYS Follow up- Group has reduced CAPEX by canceling 17 new vessels, reducing expenditures by $2B -Investor slides
[09:28] {Threei} DRYS resistance on faily 7.10
[09:28] {nemo} gaelic?
[09:28] {Threei} let's keep an eye on it for the break
[09:28] {Threei} Continue to see large levels of uncertainty in dry bulk orderbook
[09:28] {Threei} - Sees FY09 EBITDA at $601M
[09:30] {Threei} LVS, let's bounce
[09:30] {Threei} don't drop right away
[09:31] {Threei} ugh
[09:34] {Threei} Short Setup: LVS.85 break if stays below 10
[09:34] {Threei} Short Setup: LVS .85 break if stays below 10
[09:35] {BillyD} amazing comeback
[09:36] {BillyD} ANDS
[09:36] {Threei} Short Setup: LVS 9.95 break if stays below 10.10
[09:37] {jfjf64} mornin
[09:37] {magoo} in
[09:37] {jfjf64} in
[09:37] {fernp} in
[09:39] {Threei} (US) White House Advisor Romer: Economy is now seen on the right track -CNBC
[09:39] {jfjf64} syna l .75
[09:40] {Threei} LVS 1:1, half or scalp, your choice
[09:40] {fernp} ty Vad
[09:40] {Threei} welcome
[09:40] {jfjf64} ty vad
[09:40] {JohnK} good trade LVS thx T :)
[09:40] {patel} nice trade
[09:40] {Threei} :who partials, stop to above 10
[09:41] {Threei} welcome guys
[09:41] {magoo} out .77 TY
[09:42] {magoo} pmi numbers coming
[09:42] {Threei} Long Setup: DRYS 7.10 break if holding above 7 for scalpers, above 6.95 for daytraders
[09:45] {Threei} - Prices Paid: 35.0 v 36.3 last
[09:45] {Threei} - New Orders: 48.0 v 41.6 last
[09:45] {Threei} - Employment: 35.3 v 28.9 last
[09:45] {Threei} - Inventories: 25.4 v 34.2 last
[09:45] {Threei} - Supplier Deliveries: 49.6 v 43.1 last
[09:45] {Threei} - Production: 43.3 v 39.3 last
[09:45] {Threei} - Order Backlogs: 32.1 v 37.6 last
[09:46] {Threei} Long Setup: DRYS .95 break if stays above .90
[09:46] {Threei} trying to re-calibrate them on the go
[09:47] {jfjf64} you go vad do ya thing yeaaah
[09:47] {BillyD} lol
[09:47] {magoo} in
[09:49] {Threei} ideally, it would hold .95 now, break 7 and jump
[09:49] {Threei} that would give us half out and stop trail to .94
[09:50] {Threei} LVS, stop to above .90 for the balance
[09:52] {magoo} out drus
[09:52] {Threei} no go DRYS
[09:56] {Threei} LVS 1:2
[09:56] {Threei} holder cover 1/4 more
[09:56] {Threei} AND STOP TO ABOVE .85
[09:56] {Threei} oops, sorry caps
[09:56] {nemo} my ears
[09:56] {jfjf64} ten l .30
[09:57] {jfjf64} break
[09:57] {nemo} rimm Vad ossible short
[09:57] {nemo} p
[09:57] {Threei} bid last piece of LVS just above .50
[09:58] {Threei} done LVS .52
[09:58] {Threei} +.43 or so
[09:58] {nemo} mags will figure it out
[09:59] {jfjf64} ty lvs
[09:59] {magoo} lets, carry the, um .....
[09:59] {Threei} jf :)
[09:59] {jfjf64} me stop ten
[09:59] {magoo} alz i know ..i got scalpers regrett
[10:01] {magoo} looks like mkts rolling over
[10:01] {jfjf64} grrr was watchin qid grrr
[10:01] {Threei} .short wfc .80 break
[10:01] {Threei} Short Setup: WFC .80 break
[10:01] {Threei} stop above .90 or .95
[10:01] {Threei} 1:1 in a hurry
[10:02] {JohnK} too fast for me
[10:02] {jfjf64} ty .67 out
[10:02] {fernp} missed here
[10:02] {Threei} was breaking as I was typing
[10:02] {nemo} got it
[10:02] {jfjf64} .84 got
[10:02] {Threei} had just couple seconds for entry at .79 after alert
[10:03] {JohnK} T - if you could just connect your thoughts to the computer...
[10:03] {JohnK} there's a helmet :)
[10:03] {_matt} does short shares depend on broker?
[10:03] {Threei} I tried, Jonh... fried three computers in a row in 5 minutes
[10:03] {Threei} yes matt
[10:03] {JohnK} lol
[10:03] {Threei} broker has to have inventory for a particular name
[10:04] {_matt} thanks
[10:04] {Threei} first two dies with not as much as whimper, third one managed to say "what the..."
[10:04] {Threei} died
[10:04] {jfjf64} bounces are comin lets change hats
[10:04] {jfjf64} rimm
[10:05] {Threei} RIMM weas nice short call nemo
[10:05] {Threei} right at upper BB resistance
[10:05] {BillyD} ty Vad WFC
[10:06] {Threei} good reflexes guys
[10:06] {Threei} I though you had all missed
[10:06] {BillyD} pulled it up and hit .79 lucky
[10:06] {magoo} i used it to short aapl, off 164...cov 163.47
[10:06] {Threei} shows you how little adjusted to thinking I am
[10:07] {patel} my entry on WFC was .78
[10:07] {patel} i got a bad fill when i covered
[10:07] {Threei} good enough... 1 cent chasing is not chasing
[10:07] {patel} .67
[10:08] {Threei} hmmm
[10:08] {Threei} how is it bad?
[10:08] {patel} i couldnt short LVS
[10:08] {Threei} low .66
[10:08] {BillyD} lol
[10:08] {patel} lol
[10:08] {BillyD} i was trying for rest at .66 and no hit
[10:09] {patel} for some reason my broker has a low of 24.63 on that candle tick
[10:09] {patel} must be an error tick
[10:09] {Threei} fire your broker
[10:09] {patel} lol
[10:10] {jfjf64} ten l .18 trigger or me
[10:12] {jfjf64} to hell with this ten
[10:14] {jfjf64} syna vad ya lk
[10:15] {BillyD} Vad, think LVS has more if .50 breakdown and satys .65
[10:16] {BillyD} stays
[10:16] {Threei} toughie... not sure
[10:16] {Threei} WFC on the opther hand
[10:16] {Threei} stays very weak even as market bounces
[10:17] {Threei} trying to structure setup on it
[10:17] {jfjf64} that wd be nice lol
[10:20] {Threei} Long Setup: RIMM 77 break if stays above .80, half lot
[10:22] {Threei} prepare for takeoff
[10:22] {jfjf64} in
[10:22] {Threei} ummm
[10:22] {Threei} you see that huge offer at 77?
[10:22] {nemo} magooitis
[10:23] {Threei} that's the reason to wait for break, or at least to see that it scrolls through
[10:23] {jfjf64} im still newbie ty
[10:24] {Threei} like this
[10:25] {Threei} see it melting down?
[10:25] {Threei} not fast enough yet but the idea is the same
[10:27] {magoo} [10:23] {nemo} magooitis
06[10:27] * magoo slaps nemo around a bit with a large trout
[10:28] {magoo} theres a method to magoo madness
[10:28] {Threei} lol
[10:28] {nemo} [10:22] {jfjf64} in
[10:28] {nemo} [10:22] {&Threei} ummm
[10:28] {Threei} anyone ever expected Shakespear to be quoted in this room?
[10:29] {cosmo} he said something about lawyers, as i recall
[10:29] {nemo} Poe makes more sense, huh Raven?
[10:29] {nemo} kill all the lawyers
[10:29] {cosmo} ah
[10:30] {magoo} not convinced mkts can stay green today
[10:30] {magoo} just a feeling
[10:30] {nemo} oogachaka
[10:30] {Threei} if market drops, RIMM is just as valid on the other side of the setup
[10:31] {nemo} R1 is .90
[10:33] {BillyD} Vad, u waiting for mkt drop confirm or just RIMM break .80
[10:33] {Threei} desirably both, with market leading
[10:34] {Threei} if no luck, well
[10:34] {magoo} aapl will follow vads trade BUT in an amplified manner
[10:34] {magoo} =more risk..more reward
[10:34] {Threei} I'll take it anyway... half lot, gotta try
[10:35] {magoo} hey..i am rubbing off on u after all these years lol
[10:35] {nemo} yeah, the rash has finally gone to his brain
[10:36] {magoo} sigh..u used to have my back as we went after vad
[10:36] {nemo} I switch sides depending on which is personally more advantageous
06[10:36] * Threei reaches for the botton on the trout hoster
[10:36] {magoo} notices his trout is missing
06[10:37] * nemo crawls in cave, closes door (brings laptop in case Rimm triggers), pulls blanket over head
[10:37] {nemo} in rimm
[10:38] {Threei} IMF's Kramer: expect US to start recovering decisively in the middle of 2010 - TV interview
[10:38] {Threei} - expects jobless rate to peak above 10% in 2010
[10:38] {magoo} in rimm aapl
[10:38] {magoo} short
[10:38] {Threei} NQ needs to lose 1610
[10:39] {Threei} to send them both down screaming
[10:40] {magoo} magoo sacrifices bull{substitutes his childrens guenie pig as a bull}
[10:40] {JohnK} RIMM?
[10:40] {Threei} AAPL{ not much to hold it down to 164 - 63.80
[10:40] {Threei} and RIMM to 76.50
[10:40] {Threei} just need market help
[10:40] {Threei} John?
[10:41] {magoo} shorted RIMM lloss .80 john, aapl loss .50
[10:41] {magoo} RISKY..gotta keep stop
[10:42] {Threei} so far so good... next breakdown is coming
[10:42] {nemo} 1:1
[10:43] {magoo} f off mkt
[10:43] {Threei} sheesh
[10:43] {Threei} what was that?
[10:43] {magoo} really
[10:43] {BillyD} out rimm here
[10:43] {magoo} jesus christ..perfect setup
[10:44] {magoo} huge candle up
[10:45] {cosmo} i heard it was a 'sting', mags
[10:48] {Threei} die RIMM
[10:51] {BillyD} die RIMM for my friends
[10:51] {nemo} fall on your frickin' pda, fur crisssakes
[10:51] {Threei} {RIMM} you all don't like me :(
[10:51] {nemo} long line there vad
[10:55] {nemo} mmmmhhhhh Qs might have to test morning high before RIMM makes a decision
[10:55] {Threei} no kidding
[10:55] {nemo} Captain Obvious?
[10:55] {Threei} shake us out, then fail miserably
[10:56] {fernp} have to go. see u all on monday. have a great weekend everyone
[10:57] {BillyD} u 2 fernp
[10:57] {Threei} take care fern, have a good one
[10:58] {magoo} the ole dupe
[11:06] {magoo} vad smacker down
06[11:06] * Threei hits RIMM over the head with 2x4
[11:06] {nemo} violence never solved anything
[11:06] {nemo} then again, it feels good
[11:07] {patel} what kind of stop u looking at in the RIMM short
[11:07] {Threei} sbove 77
[11:11] {Threei} JPM Chief Economist: Raises Q3 economic forecast for US GDP to 3% from 2.5% prior forecast - CNBC interview
[11:11] {Threei} - Puts 2012 unemployment at 8% or above
[11:11] {nemo} wow, going out on a limb
[11:11] {Threei} this all looks like we are nearing to top of the cycle
[11:11] {Threei} big run up in the market, now all soundbites become more and more optimistic
[11:12] {Threei} "end of recession" becomes a common phrase everywhere
[11:12] {nemo} yeah, the other clause in the sentence is "beginning of the depression"
[11:12] {Threei} fells like the only thing that is holding market up at this point is premature shorts
[11:13] {nemo} don't forget the PPT
[11:13] {Threei} I'll leave myth field to you :)
[11:13] {Threei} I still have that Santa thing to sort out
[11:14] {nemo} thanks....on another note....AMZN looks like going to test it's high too
[11:14] {patel} if RIMM stops us out
[11:14] {patel} could long be a choice
[11:15] {Threei} hard to tell... chances of both being a shakeout are 50/50
[11:19] {Threei} Short Setup: WFC .50 break if stays below .60
[11:22] {nemo} pulling teeth today
06[11:24] * Threei hands nemo pliers
[11:25] {nemo} .47 is S1 on WFC...I'd rather a hammer and chisel
[11:30] {magoo} feels likke down..BUT really tough..trying to rinse us
[11:30] {nemo} it's at major support
[11:31] {magoo} nah..if mkt falls
[11:32] {magoo} mkt wont fall
[11:32] {magoo} is problem
[11:35] {patel} come on market
[11:36] {nemo} market's gonna make a run
[11:44] {nemo} ooh WFC wedging upward, oy
[11:46] {Threei} lol
[11:46] {Threei} it's truyly amazing how many things one can find in 3-5 cents range
[11:46] {nemo} I'm murder on a Rorschach test
[11:46] {BillyD} lol
[11:47] {Threei} I am very predictable in those
[11:47] {nemo} breasts?
[11:47] {Threei} you really want me to spend time editing log after hours, don't you
[11:48] {nemo} I didn't use a scatalogical euphemism
06[11:58] * Threei places a pillow on his desk, looks at it critically, moves it a bit to the right... to the left...
[12:00] {magoo} obama on tv 1 pm
[12:01] {chiro} RIGL has no friends let
[12:02] {Threei} I don't see anything fresh on RIGL
[12:08] {magoo} vad, im u want more and others besides nemo to post profanity here?
[12:08] {chiro} went long at 8.14 ...out most now
[12:09] {Threei} firat of all I want you two to stop drinking that early in the day
[12:09] {nemo} I don't drink
[12:09] {magoo} im east coast
[12:09] {nemo} me too
[12:09] {nemo} I'm even east of Magoo
[12:09] {magoo} its not that that early
[12:09] {nemo} Actually, can't get much more east than me
[12:10] {nemo} frickin fcx
[12:13] {_matt} if rimm stops me out at .01 what is your opinion on taking a long position at that?
[12:15] {Threei} 11:14] {patel} if RIMM stops us out
[12:15] {Threei} [11:14] {patel} could long be a choice
[12:15] {Threei} [11:15] {Threei} hard to tell... chances of both being a shakeout are 50/50
[12:15] {Threei} same opinion still
[12:15] {Threei} nothing changed in an hour
[12:15] {patel} how can i view timestamps in IRC
[12:16] {Threei} right click on the button saying #discussions in the uppoer bar
[12:16] {BillyD} click on menu at top of window and turn it on
[12:16] {Threei} Timestamp
[12:16] {patel} okay thanks
[12:22] {_matt} if it goes long would stop of below .88 correct base on recent activity?
[12:22] {Threei} unless it goes below that before hitting 77, yes
[12:23] {_matt} thank you
[12:31] {ese} i'm still here just watching you all.....have company visiting.......low key day for me
[12:33] {patience} i'm too zenned out after spending 3 days body surfing at long beach trading...not quick enough today
[12:39] {ese} how was the weather up there
[12:40] {Threei} okay market
[12:40] {Threei} it's time
[12:41] {Threei} (I think)
[12:41] {magoo} manm..syna crushed
[12:49] {ese} signing off everyone.....see you all mon or tues......take care
[12:50] {Threei} take care ese
[12:51] {Threei} President Obama reportedly holding talks with CEOs of VZ, WMT, NUE, and SBUX (related VZ NUE SBUX WMT )
[12:51] {Threei} huh?
[12:51] {Threei} what could p;oassibly president want with SBUX
[12:51] {BillyD} a coffee
[12:51] {Threei} yeah, I guess
[12:52] {magoo} wants to change their flavor blend
[12:52] {Threei} when I want coffee I talk to a girl behind the counter... not CEO {G}
[12:52] {BillyD} you are no fun
[12:52] {Threei} I am - I just don't consider CEO to be fun
[12:53] {Threei} RIMM... you needed just 10 more cents to be 1:1er
[12:58] {magoo} extremely frustrating day
[12:59] {Threei} that's because you are trying to stay awake
[13:00] {Threei} let yourself slip into nirvana
[13:01] {nemo} shouldn't you be in a coma this time of day?
[13:01] {Threei} I am
[13:02] {nemo} whoa, look at the $ today
[13:11] {nemo} wfc just dancing along that support line
[13:13] {magoo} ego maniac coming up on tv
06[13:15] * Threei cancels his upcoming TV appearance
[13:15] {_matt} give rimm the trout on the beach award
[13:20] {magoo} judt get on with it rimm and ddddddddddiiiiiiiiiiiiiiiiiiiiiiieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
[13:21] {Threei} said magoo unemotionally
[13:28] {Threei} President Obama: Last 3 months, the economy has done 'measurably better' than expected
[13:28] {Threei} - Notes that the jobs report will show unemployment stabilized; but the US will likely continue to lose more jobs
[13:28] {Threei} - Comments that when assumed office, the recession was deeper than anyone believed
[13:33] {magoo} u think if i take a leak it will fall...always does when im long :)
[13:34] {Threei} I learn so much here every day
[13:35] {BillyD} who ever thought RIMM would hold you hostage
[13:35] {Threei} shows the degree of swampiness
[13:41] {Threei} took EFC what, just couple hours to make it across 10 cents range?
[13:41] {Threei} WFC
[13:52] {magoo} rimm can f off
[13:52] {nemo} hehe got to edit the log again
[13:53] {Threei} sigh
[13:53] {magoo} wait 3 hours to get stopped
[13:53] {Threei} lol
[13:53] {Threei} adds insult to ingury
[13:53] {Threei} or whatever
[13:57] {magoo} my shorts no longs no bro dino no work..SIGH
[13:57] {nemo} time for the FADC
[14:00] {_matt} :(
[14:18] {Threei} Long Setup: CEDC 29.02 break
[14:18] {Threei} if stays above 21.90
[14:18] {magoo} wait a minute..hostage situation? lol
[14:19] {wulff} 8 points?
[14:23] {Threei} invalidated
[14:23] {nemo} so, go short?
[14:23] {Threei} 20 PAL Ticking higher after positive mention by CNBC guest
[14:23] {Threei} - cites strength returning to the auto market (palladium is used in catalytic converters
[14:23] {nemo} nah
[14:24] {magoo} i take 03 long
[14:24] {magoo} no go AGAIN
[14:25] {magoo} smasdhing stuff here
[14:25] {Threei} market is still locked
[14:25] {Threei} why try to trade market fol,lowers?
[14:25] {magoo} because im down
[14:25] {Threei} 3 hursago we didn't know that
[14:25] {Threei} but why repeat it now?
[14:25] {Threei} oh, that's great reason to trade
[14:26] {magoo} valid setups..uif rimm had gone thru 77 and hit 77.17..u would have mentioned
[14:27] {Threei} I was asked about this specific one twice
[14:27] {Threei} and said it was 50/50
[14:27] {cosmo} HLIT?
[14:27] {magoo} ive never ever seen rimm so locked./.im ytrying to catch its move
[14:28] {wulff} I am already short
[14:28] {jfjf64} cof l .73 trigger
[14:42] {wulff} lookout blow
[14:42] {wulff} below
[14:44] {nemo} vad's gonna' have to edit again
[14:45] {magoo} at least he cant kick nemo out now...wulff guilty too
[14:45] {wulff} what?
06[14:46] * nemo washes wulffs mouth out with a large bar of soap
[14:46] {BillyD} you guys are too funny
[14:46] {nemo} boredom breeds insanity...don't have to scratch too deep on me
[14:46] {Threei} I find it easier not to post today's blog than go over it catching all your gems
[14:47] {magoo} ah..the lazy way out lol
[14:47] {nemo} duh...all you have to do is record the time signature
[14:47] {Threei} uhhu
[14:47] {nemo} frankly, the way today's gone, why bother anyway
[14:47] {Threei} that's exactly how I want to spend my trading day
[14:47] {nemo} post-trading day
[14:47] {Threei} writing down on the paper: 10:38. nemo. dlete
[14:47] {Threei} 11.16. magoo. dlete
[14:48] {Threei} 11"25. tk wrtng lessns frm jf and wrte dlt from no on
[14:48] {nemo} maybe you could set us up like the "dark pools" where we don't show up on the tape, only real-time in merc
[14:49] {jfjf64} fas l .20
[14:49] {nemo} Well, dark pools don't show up at all
[14:49] {nemo} mmmmhh DB on FCX?
[14:49] {Threei} or, I can posts it as it as so decent folks coming here know who to stay away from {G}
[14:49] {Threei} yup... that's what I'll do
[14:51] {nemo} aren't you gonna' ask him mags?
[14:51] {Threei} ask me??
[14:52] {Threei} why would magoo do that, he knows I am straight
[14:52] {nemo} huh? what? no, the question he asks you around this time of day several days a week
[14:54] {nemo} O.K. Fine!!! "Rip or Rot, Vad?"
[14:54] {cosmo} HLIT tests 7 soon
[14:55] {Threei} this would be my favorite chart of the day cosmo, if it were normal day during normal trading season
[14:55] {cosmo} maybe last hour is normal
[14:56] {nemo} Friday afternoon last day of July
[14:56] {Threei} [14:55] {cosmo} maybe last hour is normal {--- this takes the prize as the best joke of the day
[14:56] {nemo} frickin' cosmo
[14:56] {Threei} beat you and magoo to the pulp
[14:57] {cosmo} and its always lunchtime too
[14:57] {nemo} hit the FADC already Cosmo?
[14:57] {cosmo} ?
[14:57] {nemo} Friday Afternoon Drinking Club
[14:57] {Threei} today, unless we find couple nice wins before day ends, will interrupt our long winning series
[14:58] {Threei} running for about two-and-half - three weeks
[14:58] {nemo} figures, I'm a hair above b/e
[14:58] {Threei} yeah, depending on how you managed opening plays you are about flat or slightly down
[14:59] {cosmo} well... i might have a beer.... but only one
[14:59] {nemo} yeah, I doubletapped on a sell, or I might have made out a little better
[14:59] {Threei} which is actually good... gotta give something to gods of odds theory
[14:59] {nemo} that would be your patron spirit "god of the odd"
06[15:00] * nemo giving cosmo run for his money
[15:00] {Threei} nah
[15:00] {nemo} that was expected
[15:00] {Threei} cosmo's one still a winner
[15:01] {cosmo} barely
[15:01] {nemo} nah, you won fair and square
[15:01] {Threei} that was stylish and old-schoolish
[15:02] {nemo} the blatant absence of any touch with reality had me in stitches too
[15:02] {cosmo} oh...schucks...
[15:02] {nemo} won't have to edit that Vad
[15:04] {cosmo} HLIT firm fwiw
[15:04] {Threei} not editing anything
[15:04] {Threei} leaving it all as it is, and letting you take the shame
[15:04] {nemo} I have none
[15:05] {Threei} (providing your vocabulary includes the word)
[15:05] {Threei} oh, never mind
[15:07] {wulff} RIMM .65 short for those who are interested
[15:12] {magoo} finally got rimm rihgt..shorted that last loss 77 to .76
[15:13] {magoo} but still..hasnt pulled back much in relation to Q or AAPL
[15:17] {magoo} SYNA read vad??
[15:18] {Threei} .60 short ... but would nbeed tighter range
[15:18] {Threei} or try to find short entry on the bounce
[15:19] {cosmo} hlit goes ....'bye buy'
[15:19] {cosmo} maybe
[15:20] {BillyD} 1 penny at a time cosmo
[15:21] {cosmo} 1909 s
[15:22] {Raven} 1909 s vdb
[15:22] {cosmo} picky...
[15:22] {Raven} thx
[15:23] {nemo} look at fcx wtf
[15:23] {Raven} Michael will ride the Prancing Horse once again, cosmo
[15:24] {cosmo} ...but beware the wooden nickle...
[15:24] {BillyD} gotta run, have a good wknd everyone
[15:24] {Threei} take care Billy
[15:24] {Raven} nickel?
[15:25] {cosmo} got ahead of myself
[15:26] {Raven} lol
[15:32] {Threei} great... now RIMM does it
[15:32] {Threei} by stopping us out by 5 cents
[15:34] {wulff} 15:03 wulff RIMM .65 short for those who are interested
[15:35] {magoo} nice wulffy
[15:42] {wulff} right on schedule
[15:44] {cosmo} should hold .95
[15:46] {wulff} unless it doesn't
[15:47] {nemo} thanks yogi
[15:49] {cosmo} ok then, it needs to hold .95 ...lots of small block vol is good
[15:51] {nemo} that might be about it on RIMM with that volume spike
[15:51] {Threei} yeah, some covering should come
[15:52] {Threei} .80 vbbreak
[15:52] {Threei} long for scalp
[15:53] {Threei} stop under .70
[15:54] {Threei} 1:1
[15:55] {Threei} anyone?
[15:57] {wulff} +1.0 short RIMM,
[15:57] {magoo} me
[15:57] {magoo} ty
[15:58] {Threei} okay guys, just slightly positive here,
[15:58] {Threei} depending on your share size and managing the trade you are anywhere from slightly negative to flat to slightly iup
[15:58] {Threei} and bored to death
[15:58] {Threei} thank you all, have a great weekend, see you on Monday
[15:58] {chiro} ty
[15:58] {magoo} u too


Thursday, July 30, 2009

Jul 30 2009

Carbon copy of yesterday - couple nice wins, couple small stops. Profitable and excruciatingly boring. LVS and RIMM formed the bottom line.

Session Time: Thu Jul 30 00:00:00 2009

[08:13] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET
[08:13] {Threei} - Expectations for initial claims are 575K v prior release of 554K (range seen from 539K to 630K)
[08:13] {Threei} - Continuing claims seen at 6.300M v prior 6.225M. (range seen from 6.100M to 6.400M)
[08:14] {BillyD} GM Vad
[08:14] {Threei} morning billy
06[08:14] * Threei slaps laserdave around a bit with a large greeting card
[08:16] {Threei} ARTG Reports Q2 $0.06 v $0.04e (ex items), R$44.4M v $43.8Me (4.36, 0.00, 0.00%)
[08:17] {BillyD} laserdave see dcc
[08:17] {Threei} gapping right into resistance to break on daily
[08:24] {JohnK} gm folks
[08:24] {Threei} John :)
[08:24] {BillyD} johnk:)
[08:24] {nemo} haroo
[08:26] {Threei} nemo :)
[08:26] {nemo} 3i :)
[08:30] {Threei} Prior jobless claims revised from 554K to 559K
[08:31] {Threei} INITIAL JOBLESS CLAIMS: 584K V 575KE
[08:42] {Threei} LVS is on watch
[08:48] {Threei} .75 is forming as resiastance to break
[08:48] {Threei} yesterday's high too
[08:49] {BillyD} they have EPS AAAAAAAAAH today
[08:49] {BillyD} AH
[08:50] {Threei} that was very emotional AH
[08:50] {BillyD} lol
[08:50] {Threei} didn't know you felt so strongly about Las vegas
[08:50] {Threei} but I share it... I am a sucker for flashing lights
[08:52] {BillyD} FITB interesting
[08:52] {fernp} good morning everybody
[08:53] {Threei} fern :)
[09:01] {BillyD} NVAX is shortable today FYI
[09:07] {ese} god morning
[09:07] {Threei} ese :)
[09:07] {ese} ahhhh good....
[09:07] {ese} although thats how i feel some mornings
[09:07] {cosmo} god is good
[09:08] {ese} and can be great some days
[09:08] {cosmo} vengeful on others...
[09:08] {ese} depending on how i;m doing in the market that day
[09:10] {ese} for instance today could be great....... i'm long mee at .41 and it's trading up on an up day
[09:11] {Threei} HIG on watch
[09:12] {Threei} temperature releif is promised over the weekend ese
[09:12] {Threei} with heat resumption on Monday
[09:12] {magoo} morning
[09:12] {Threei} magoo :)
[09:12] {larisa} gm :)
[09:12] {Threei} larisa :)
[09:12] {magoo} wat u watching? HIG for sure
[09:13] {Threei} LVS
[09:13] {Threei} FITB maybe
[09:13] {ese} thank god......being on the water and on that barge would be a killer
[09:13] {Threei} NVAX maybe
[09:14] {Threei} Vancouver had its hottest day ever yesterday
[09:14] {BillyD} Vad, MOThas a nice premkt chart and daily
[09:14] {BillyD} MOT
[09:14] {Threei} Seattle set record too
[09:14] {Threei} MOT is usually so narrow...
[09:15] {BillyD} ok, haven't really traded it
[09:15] {Threei} just look at ranges on daily
[09:15] {BillyD} ouch
[09:15] {BillyD} torture stock
[09:15] {Threei} it's over major resistance which could fuel some enthusiasm
[09:16] {Threei} but generally it's a swing trading stock, not day trading
[09:17] {dptl} good morning all
[09:17] {BillyD} hi dp
[09:17] {dino} gm all
[09:17] {Threei} dp, dino :)
[09:18] {ese} ddddddddddpppppppppp!!!!!!!! diiiiiiinoooooooooo!!!!!!
[09:20] {nemo} dino :
[09:20] {dino} :)
[09:20] {patel} good morning
[09:21] {Threei} patel :)
[09:24] {jfjf64} mornin alllllllll
[09:25] {Threei} jf :)
[09:27] {ese} TRMA.......hmmmmmm this looks good
[09:27] {ese} beats with a huge backlog
[09:29] {Threei} HIG nice pullback
[09:29] {Threei} let's see if we get opening range to break
[09:30] {Threei} Long Setup: LVS .80 break
[09:31] {magoo} in .80
[09:31] {Threei} stop under .70 for scalpers, .65 day traders
[09:32] {Threei} HIG too umpy
[09:32] {Threei} jumpy
[09:33] {ese} out mee .01 +.60
[09:34] {Threei} wtg
[09:34] {ese} tks.....i'm gonna bring should champagne over to your house randomly
[09:35] {Threei} lol
[09:35] {Threei} stop to under .70 for everyone LVS
[09:36] {Threei} FITB, pullback into 9.15 interesting
[09:37] {Threei} Long Setup: FITB .20 break if stays above .10
[09:41] {Threei} JAZZ again
[09:42] {Threei} and still no news
[09:43] {patel} got stopped on FITB
[09:43] {nemo} me too
[09:43] {Threei} hmm?
[09:43] {Threei} it never triggered
[09:43] {nemo} bought it when it looked like it was going to break .20
[09:43] {Threei} LVS 1:1
[09:43] {magoo} out .94 TY vad
[09:44] {JohnK} LVS great thx T :)
[09:44] {Threei} welcome
[09:44] {patel} i accidentally exited all instead of taking partials
[09:45] {Threei} held the stop with amazing precisaion
[09:45] {Threei} just 1 cent above it
[09:45] {Threei} 1:2 is coming
[09:47] {BillyD} I keep getting disconnected from Laser
[09:47] {BillyD} anyone else
[09:47] {magoo} others too
[09:48] {Threei} not me
[09:48] {magoo} ok me, but dave emailed
[09:49] {magoo} dave down now
[09:50] {Threei} 1:2 LVS
[09:50] {nemo} cat for short?
[09:50] {Threei} 1/4 more out, stop to .85
[09:50] {Threei} why? market is ramping up
[09:51] {ese} l mee .15
[09:51] {magoo} out fitb .26 TY vad
[09:52] {Threei} offering last portion LVS .25
[09:52] {BillyD} nice LVS VAD ty
[09:52] {Threei} welcome sir
[09:53] {_bradc} lvs very nice ty
[09:53] {Threei} :)
[09:53] {patel} nice job on LVS
[09:53] {patel} left so much on the table
[09:53] {Threei} direct hit
[09:53] {Threei} out +.44
[09:53] {ese} out mee .26 =}11
[09:54] {ese} +.11
[09:55] {Threei} HIG's irritating miss
[09:57] {wulff} crazy strong today
[09:57] {Threei} see this market doing what market does best:
[09:57] {JohnK} going for SPX 1000
[09:57] {Threei} going against expectations of majority
[09:57] {wulff} yup
[09:57] {Threei} everyone and their brothers says rally's over
[09:58] {Threei} market says, fat lady hasn't even dressed up for grand entrance yet
[09:58] {JohnK} maybe that's a clue :)
[09:58] {magoo} not magoo
[09:58] {magoo} yesterday i said R
[09:59] {jfjf64} amcs 32.00 l
[10:00] {jfjf64} amsc
[10:02] {wulff} +5.5 GS from yesterday
[10:02] {Threei} wow
[10:02] {magoo} that does it..............
[10:03] {Threei} oy
06[10:03] * magoo slaps wulff around a bit with a large trout
[10:03] {jfjf64} 1/2 half out
[10:03] {wulff} trailing stop was just hit
[10:04] {Threei} LVS big pullback
[10:04] {jfjf64} 1/4 out .41
[10:05] {Threei} Long Setup: LVS .05 break if stays above 11
[10:05] {jfjf64} last 1/4 stop at .45
[10:05] {Threei} wtg jf
[10:05] {jfjf64} stp at .65
[10:05] {Threei} most likely scalp only this time LVS
[10:05] {ese} wulff...BABY!!!!!!!!! nice!!!
[10:05] {jfjf64} stp .80
[10:06] {jfjf64} wow
[10:07] {jfjf64} stp 33
[10:07] {jfjf64} done
[10:08] {ese} l mee .33
[10:09] {ese} out mee .50 +.17
[10:10] {Threei} out LVS
[10:10] {Threei} WYNN starts retreat, don't want to stick around for formal 1 cent till 1:1
[10:14] {Threei} ENER Hearing renewed takeover chatter circulating (15.49, +0.52, 3.47%)
[10:15] {Threei} rumors or not, but breaK of .50 is lwegitimate play on ENER
[10:16] {Threei} if stays above .40
[10:17] {nemo} frickin lvs
[10:18] {magoo} out lvs .19 ty vad
[10:18] {Threei} lol mags... I don't know how you play them but the way you do has little with mine
[10:18] {Threei} little to do
[10:18] {BillyD} it's the trade idea
[10:18] {Threei} yeah, I understand
[10:19] {Threei} a lot of ways to skin a mollusk
[10:19] {magoo} i dont:)
[10:19] {BillyD} lol
[10:19] {Threei} lol
[10:19] {_matt} is that a call on ener?
[10:19] {nemo} yep
[10:19] {Threei} define call... :)
[10:19] {nemo} be nice Vad
[10:20] {Threei} what??
[10:20] {Threei} since when is it something I am expected to be?
[10:21] {nemo} ener looking more like a short
[10:21] {Threei} if it invalidates, sure
[10:22] {larisa} where do you see long or short? it is dead on low vol :)
[10:22] {magoo} rread RIMM vad?
[10:22] {Threei} there... third way to look at it :)
[10:23] {Threei} RIMM is obvious setup...
[10:23] {Threei} .80 break long
[10:25] {_matt} stop?
[10:25] {Threei} [10:16] {Threei} if stays above .40
[10:25] {Threei} or you mean RIMM?
[10:25] {_matt} on rimm
[10:25] {Threei} oh, lol
[10:25] {Threei} .60 is invalidation
[10:26] {ese} vad when your right your really you said the other day.....the market and only the market will decide when this rally is over......
[10:26] {Threei} yeah, too many predictors
[10:26] {JohnK} we are the market
[10:27] {Threei} everyione is a prophet
[10:27] {Threei} let me be one of not many who says:
[10:27] {Threei} I have no idea when this rally ends
[10:27] {Threei} I will trade what I see, day by day
[10:27] {jfjf64} boy oh boy amsc
[10:28] {ese} naz basically has another 150 pts to go....the way i see it technicaly
[10:28] {ese} but who knows
[10:28] {Threei} all those predictions and prophets... they throw their forecasts out there, and if something works they tout it
[10:29] {Threei} if it doesn't, they conviniently forget all about it
[10:30] {jfjf64} took 1.00 out of it guess sd be happy
[10:31] {Threei} u sd
[10:31] {Threei} u sd lso consdr my sgston to tpe fll wrds
[10:32] {Threei} hmm... mybe nt
[10:32] {Threei} ts fn
[10:32] {dptl} lol
[10:32] {ese} lol
[10:33] {ese} i can barely understand english as it is.....and i speak the damn language
[10:33] {JohnK} stupid ENER - took out my stop and now it's up
[10:33] {Threei} yeah, rude
[10:34] {Threei} larisa was right
[10:34] {JohnK} rude
[10:34] {nemo} about what?
[10:34] {Threei} when will learn to listen to a smart woman
[10:35] {jfjf64} amsc l 35..68
[10:35] {Threei} RIMM almost 1:1
[10:36] {Threei} out 2/3
[10:36] {Threei} stop to under b/e
[10:36] {Threei} offering the balance .20
[10:36] {wulff} had a hard stop for HGSI at .50, close one
[10:37] {JohnK} I thought that .6 had invalidated that RIMM call
[10:37] {jfjf64} 1/2 out half
[10:37] {Threei} 1 cent under on a sharp spike down?
[10:37] {Threei} not something to impact such volatile one as RIMM
[10:38] {JohnK} it went down to .54
[10:38] {Threei} 10:25, .59 low...?
[10:39] {Threei} out +.40
[10:39] {jfjf64} nice vad
[10:39] {magoo} out .17 DL
[10:39] {magoo} ty vad
[10:39] {Threei} welcome
[10:39] {wulff} hate buying those kind of obvious breaks now
[10:39] {Threei} John... where do you see .54?
[10:39] {jfjf64} all out amsc
[10:39] {magoo} +.37
[10:40] {JohnK} sorry that was at 10:17 or so - later it hit .59 as you said
[10:40] {jfjf64} +21 +19
[10:40] {Threei} oh yes, that was before the setup
[10:40] {JohnK} unfortunately, I stopped looking at it
[10:40] {Threei} doesn't count :)
[10:41] {JohnK} still learning
[10:41] {Threei} AKAM...
[10:41] {Threei} maybe recovery time
[10:42] {magoo} soon vad..been watching it
[10:42] {Threei} Long Setup: AKAM .30 if holding above .20
[10:43] {magoo} u watching HIGmiester?
[10:43] {Threei} for a bit longer hold, above .15
[10:43] {Threei} HIG, no, not really
[10:43] {magoo} well..get on it lol
[10:43] {Threei} yes sir
[10:43] {Threei} sorry sir
[10:44] {magoo} going to prinyt 18 today imo
[10:44] {Threei} right on it sir
[10:44] {magoo} awesome exit call RIMM boss..woth the monthly $
[10:44] {Threei} 18?? HIG??
[10:44] {magoo} yea
[10:45] {fernp} in AKAM
[10:45] {nemo} me too
[10:45] {Threei} GSM IPO opens for trading at $7.00 (7.12, 0.00, 0.00%)
[10:45] {Threei} Globe Specialty Metals
[10:47] {wulff} so much for oil falling
[10:48] {wulff} USO
[10:50] {nemo} stopped akam
[10:52] {jfjf64} amsc l .42
[10:53] {nemo} frickin akam
[10:54] {jfjf64} no go this time
[11:00] {patel} this AKAM is jumpy
[11:00] {patel} i waited for the longer hold on it
[11:00] {wulff} there once was a man named Obama...
[11:00] {patel} any read on it
[11:01] {Threei} the same
[11:01] {Threei} nothing really changed
[11:01] {Threei} hasn't hit a stop, hasn't reached 1:1
[11:01] {patel} yup
[11:01] {Threei} offering half at .45
[11:02] {fernp} I reloaded in .22 nice plbk with low volume
[11:03] {BillyD} nice fern
[11:06] {patel} threei give it a kick
[11:07] {Threei} I can't
[11:07] {Threei} I am trying on kinder gentlier myself today
[11:07] {patel} lol
[11:23] {cosmo} FLEX hod fwiw
[11:25] {ese} i pay attention
[11:26] {dptl} got to go....see ya guys on monday......have a great weekend :)
[11:27] {Threei} take care dp
[11:27] {fernp} bye dp have a nice weekend
[11:31] {magoo} OCR CRUSHED
[11:40] {Threei} I need a foam at my deck... lest I hit it with my chin
[11:40] {Threei} or forehead
[11:40] {patel} i know
[11:40] {patel} this AKAM is drying me insane
[11:41] {Threei} but it's not the worst actually... worst boredom is when you are trying to hit your forehead with your chin
[11:41] {patel} lol
[11:41] {Threei} or slap your nose with your ear
[11:47] {ese} now thats funny
[11:48] {Threei} US Rep Frank reportedly working on bill to subject Municipal bond issuers to more oversight (related MUNIS )
[11:54] {patel} come on AKAM
[11:54] {Threei} sigh
[11:57] {Threei} I guess we should have exited into last spike instead of being stubborn
[12:00] {ese} precarious.....alot of my daily charts are looking like topping hammers(in candlestick terms).....taking arun up and then finishing at the open or slightly above or below...hmmmmmm
[12:05] {magoo} rimm bounce vad?
[12:06] {Threei} no read here
[12:13] {nemo} still in akam vad?
[12:13] {Threei} yeah...
[12:13] {patel} same here
[12:17] {nemo} what stocks you looking at ese?
[12:22] {nemo} awake or in coma vad?
[12:22] {Threei} you know... lately it becomes hard to tewll the difference
[12:22] {nemo} whoa akamai woke up
[12:25] {patel} nemo put it on steroids for me
[12:28] {ese} zzzzzzzzzzzzzzzz gazort......skiffjit.....ganklke..........ahemmm...zzzzzzzzzzzzzzzzzzzzzz
06[12:28] * nemo tickles ese's nose with a feather
[12:28] {ese} snifff snifff.....zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
06[12:29] * nemo puts ese's hand in a bucket of warm water
[12:29] {ese} ese....quickly runs to back in a minute
06[12:29] * nemo snickers
[12:30] {ese} ese....realises he's been had again..........rats......i'll get even
[12:30] {Threei} you guys scare the living daylight out of me
[12:30] {ese} we .....
[12:31] {ese} we.....
[12:31] {ese} are
[12:31] {ese} a.....
[12:31] {nemo} huh? pot calling the kettle black there Vad...
[12:31] {ese} product....of your environment
[12:31] {Threei} exactly
[12:31] {nemo} speld it rong
[12:31] {Threei} I am getting opportunity to see it clearly, lol
[12:31] {nemo} Rimm vad?
[12:32] {Threei} formed .50 - .62 range
[12:32] {ese} and loving it by the's fun being on this board even if i wasn't trading
[12:33] {ese} although.....??????
[12:33] {ese} the money is nice too
[12:35] {ese} L mee .23
[12:35] {ese} lets hope this qqqq is change of dierction for the day
[12:36] {ese} dierction?????
[12:36] {Threei} both
[12:36] {nemo} threeish
[12:37] {ese} indeed
[12:42] {nemo} brcm Vad
[12:43] {ese} l mee again avg price .27
[12:44] {Threei} if you went for RIMM, 1:1 was reached
[12:44] {_matt} genz read?
[12:44] {Threei} if not... why do yuo ask me about BRCM, to have another comment to ignore? {G}
[12:45] {Threei} GENZ is rather short
[12:45] {Threei} with stop above 56.10
[12:45] {Threei} but it's like 51/49
[12:46] {Threei} anyway, BRCM is rather no play at all
[12:46] {_matt} I was thinking 56.10 break
[12:46] {_matt} with 55.99 stop
[12:46] {Threei} which would be an invalidation of that short, thus legitimate long
[12:50] {patel} AKAM is like a rollercoaster
[12:50] {Threei} only very small one
[12:50] {patel} yup
[12:51] {Threei} like you go through its swings with your eyes only, not with whole body, lol
[12:52] {nemo} so, the spins when you're really drunk?
[12:52] {_matt} is akam one that you are familar with?
[12:53] {nemo} yep
[12:54] {Threei} we uaed to play it now and then if that's wat you mean
[12:55] {patel} good thing is we might get through the lunchtime slowdown
[12:55] {_matt} yes
[12:55] {patel} threei, what has your experience beenw hen a stock like AKAM is acting this way. Does it work out good for you in the end?
[12:55] {Threei} Preview: Treasury's $28B 7-year note auction results due out just after 1pmET
[12:55] {Threei} - $28B is a $1B increase from the June auction
[12:55] {Threei} - prior bid-to-cover was 2.82 pushing the average of the first 5 auctions since the Feb $22B relaunch up to 2.40
[12:55] {Threei} - indirect bidders took 67.2% of competitive bids at last auction, while 13.2% was alloted at the high
[12:55] {Threei} - the When Issued currently yields 3 basis points above the cash maket at 3.38%
[12:56] {Threei} I don't think you can generalize it like this
[12:56] {Threei} some work, some don't
[12:56] {nemo} put tbt and tlt on your screens :)
[12:57] {Threei} you can get stopped and think why didn't I dump it when it stalled for so long
[12:57] {Threei} or you may dump it and then watch it rocketing and think why did I ever sell it, it never tagged my stop
[12:58] {Threei} attempts to outguess the market and avoid all undesirable outcomes are akin to attempts to trade with no losses
[12:58] {Threei} which is is a pipe dream
[12:59] {Threei} AAPL Reportedly researchers have found a security vulnerability in Apple iPhone that allows hacker to take over the handset by sending an SMS message to the phone
[12:59] {Threei} oh good
[12:59] {jfjf64} l jpm .72
[12:59] {Threei} if I stick to electornic cigarette, will I ever see a day when hackers take it over?
[13:01] {nemo} they must have liked the auction, tbt just tanked
[13:02] {jfjf64} 1/1 out
[13:02] {Threei} indirect bidders take 62.5% of competitive bids
[13:02] {Threei} notes draw 3.369% with 91.7% alotted at the high
[13:03] {Threei} Wynn Resorts LTD CEO: More afraid of Washington than the economic situation; Encore Macau is on schedule and on budget - conf call
[13:03] {Threei} - Cost savings began to have an impact in Q2; not planning any more payroll cuts; cost cuts in Las Vegas saving approx $100M/year
[13:03] {Threei} - follow up: CEO comments that WYNN is bidding for a license in New York.
[13:03] {jfjf64} s jpm .82
[13:03] {Threei} More afraid of Washington than the economic situation - no kidding
[13:09] {_matt} thanks jfj64 out +.05 on jpm, do you follow this stock?
[13:10] {jfjf64} nope
[13:10] {jfjf64} just bored range play off bolli
[13:11] {Threei} GENZ worked on both sides, lol
[13:11] {jfjf64} tight stop
[13:11] {Threei} 1:1 on short, over 1:1 on long
[13:12] {_matt} :)
[13:12] {jfjf64} i sd of grabbed 5 cents on short still sittin with it
[13:13] {magoo} read hig vad
[13:13] {BillyD} you in magoo
[13:13] {magoo} no..flat here
[13:13] {magoo} watching hig..rimm..akam
[13:14] {Threei} couple moves between .90 and 17, and HIG will become interesting for a break
[13:16] {_matt} could that be a possible cup and handle forming on hig?
[13:18] {jfjf64} jpm is gonna explode
[13:19] {larisa} 39 res
[13:19] {jfjf64} just gut feelin
[13:20] {jfjf64} .90break long
[13:21] {Threei} HIG start looking like maybe
[13:21] {patel} is break of 17 a alert
[13:21] {Threei} yeah
[13:21] {jfjf64} got the look also somethin brewin
[13:21] {ese} Out MEE .53 +.27......outta here for the day all see you tomorrow......have a rehearsal for the symphony splash here in victoria to prep for...take care
[13:21] {patel} stop below .90
[13:22] {patel} nice job ESE
[13:22] {fernp} bye ese
[13:22] {ese} thanks P
[13:22] {dino} tbt crushed on auction
[13:22] {nemo} yeah, dropped right after it hit the tape
[13:23] {jfjf64} hig gettin there
[13:24] {jfjf64} in
[13:25] {jfjf64} aggresive entry for me see what happens
[13:25] {nemo} hope it isn't like my aggresive fitb entry this morning
[13:25] {jfjf64} stop 5 cents vad
[13:25] {jfjf64} me too nemo
[13:25] {Threei} 5 cents?
[13:26] {Threei} there is no support at .95
[13:26] {larisa} 16.90 tech support HIG
[13:26] {Threei} right
[13:26] {jfjf64} yup let me change that ty
[13:27] {nemo} akamai, what a tease
[13:27] {jfjf64} jpm invalid here
[13:27] {jfjf64} comon hig big push ya want it
[13:27] {nemo} c u tomorrow
[13:28] {larisa} bye ne
[13:28] {patel} bye nemo
[13:30] {jfjf64} here we goooooooooo
[13:31] {patel} magnet to 17
[13:32] {jfjf64} once it gets pass 17 she sd go
[13:32] {jfjf64} how long that gonna take dont knoww
[13:35] {_matt} is hig a call that you are going to trade?
[13:37] {Threei} I don't understand matt
[13:37] {Threei} you like - you take
[13:37] {Threei} what does it matter to you who else is going to do it?
[13:38] {magoo} sheesh..give new kid a break lol
[13:39] {Threei} did you get any?
[13:39] {magoo} now if that was nemo.well
[13:39] {Threei} and look how well you turned out, my son
[13:39] {magoo} whats it matter if i got any HIG?
[13:40] {_matt} trying to clarify if they are trades that you are calling or answering question like when I asked about genz
[13:40] {Threei} I get it... I just am not sure why it matters :)
[13:41] {Threei} ultimately, any trade decision comes to individual choice
[13:41] {Threei} either you like the trade, it fits in your prfoile so to speak,
[13:41] {Threei} your objectives, risk tolerance etc
[13:42] {Threei} type of the movement
[13:42] {Threei} or not
[13:42] {dino} the vad "disclaimer", :)
[13:42] {Threei} it matters not whether someone else goes for it or not
[13:42] {_matt} from your website i know you go over a certain thought process and am just learning
[13:42] {Threei} in trading there is no reward for being part of the group or being against the group
[13:43] {_matt} the tendancies of your trading style while developing my own
06[13:43] * magoo slaps laserdave around a bit with a large trout
[13:43] {Threei} yes.. but the thought process is the same whether stock came up on a scanner, or someone asked abotu it or I stumbled over it while surfing through usual suspects
[13:43] {Threei} all of that serves as just an initial point,
[13:43] {Threei} stock is being brought to attention
[13:44] {Threei} Then it's just a chart evaluation
[13:44] {Threei} all sources are equal except one:
[13:44] {_matt} and you normally do not trade when the market is sideways, so if this is a call then i can further understand how you trade
[13:44] {Threei} when magoo brings a stock to my atention I tend to lower my odds {G}
[13:45] {Threei} let's say, I am more picky
[13:45] {Threei} less aggressive
[13:45] {magoo} that does really does it...............
[13:45] {Threei} doesn't mean I don't trade at all
06[13:45] * magoo slaps Threei around a bit with a large trout
[13:46] {Threei} you could notice I decrease activity when morning rush is over
[13:47] {_matt} definitely, the reason why I am curious about hig is because the market strength and a possible formation of cup and handle because of that
[14:07] {jfjf64} s amex .46 trigger here
[14:22] {jfjf64} out amex even
[14:24] {jfjf64} vad tk read ggc anythin
[14:26] {jfjf64} crazy spread
[14:29] {Threei} shrug
[14:30] {jfjf64} what all in coma
[14:30] {Threei} GGC is certainly not the stock to make me come out of coma
[14:33] {Threei} AKAM... is it for real... or am I dreaming
[14:34] {jfjf64} go bk to sleep
[14:35] {Threei} ok... but I am out AKAM
[14:37] {jfjf64} im stalkin cof 31
[14:38] {jfjf64} in .99
[14:40] {jfjf64} 1/1
[14:40] {jfjf64} half out
[14:41] {BillyD} thx JF for scalp
[14:42] {jfjf64} all out
[14:42] {jfjf64} +10 +7
[14:42] {jfjf64} welcome bd
[14:44] {jfjf64} vadd hig 17 ya lk
[14:44] {Threei} no
[14:44] {Threei} it's tired
[14:45] {magoo} i have apptmrt..see u tomorrow TY
[14:45] {jfjf64} looks it
[14:45] {BillyD} wait
06[14:45] * BillyD slaps magoo around a bit with a large trout
[14:45] {Threei} lol
[14:45] {Threei} take care mags
[14:45] {BillyD} mags rubs off on me
[14:46] {Threei} I wish you wouldn't give me this image
[14:47] {BillyD} it was impulsive move....don't know what happen
[14:47] {BillyD} LVS keeps trudging along
[14:49] {magoo} :)
[14:49] {jfjf64} good night all
[14:50] {BillyD} cya jf
[14:52] {Threei} take care jf
[14:59] {Threei} BCRX got seriuosly hit today
[15:02] {Threei} US Treasury's Wolin: Reiterates bulk of stimulus to arrive within 6 months; US still has a long way to go before growth in the economy\
[15:05] {_matt} is the afternoon more exciting in the fall?
[15:06] {Threei} all trading is, not just afternoons
[15:06] {Threei} afer labor day activity picks up
[15:07] {Threei} LVS is back to high
[15:07] {BillyD} almost tokk .21
[15:07] {Threei} MGM too
[15:08] {BillyD} don't look at AKAM
[15:10] {patel} yes i defiintely wont
[15:10] {patel} they took me out at 16.14
[15:11] {Threei} I looked. It hurt.
[15:12] {Threei} as jf would say, sd hv listnd to u
[15:22] {Threei} LVS and MGM move independently of market
[15:23] {Threei} my guess was they followed WYNN, but no, not really
[15:29] {Threei} maybe bounce scalp worthy off .20
[15:34] {Threei} WYNN Wedbush Morgan Cuts WYNN to Hold from Buy (timing uncertain
[15:35] {Threei} shrug
[15:35] {Threei} killjoy
[15:35] {wulff} which .20
[15:36] {Threei} never mind that
[15:36] {Threei} thought of LVS
[15:37] {dino} taking off, back on the 10th. good luck all
[15:37] {BillyD} enjoy dino
[15:37] {larisa} have a great vaction :)
[15:37] {larisa} +1
[15:37] {Threei} have fun dino
[15:37] {larisa} +a
[15:37] {larisa} lol
[15:38] {dino} ty all
[15:38] {fernp} enjoy dino
[15:43] {larisa} do we have time to close negative for a day ? :)
[15:43] {Threei} of course
[15:43] {Threei} 17 minutes more
[15:44] {Threei} just 85 points to go
[15:44] {Threei} wow WYNN
[15:44] {_matt} negative from open
[15:53] {Threei} won't happen... closing in green
[15:54] {Threei} but finish is suspicious
[15:54] {wulff} yup
[15:54] {_matt} :O can you elaborate on suspicious
[15:55] {Threei} sharp drop into close, not really looking good for uptrend continuation
[15:55] {_matt} thank you
[15:56] {Threei} too early to judge but this is gfirst alarm bell
[15:59] {Threei} okay guys, let's call it a day
[15:59] {Threei} thank you all, have a good evening
[15:59] {Threei} see you tomorrow
[15:59] {_matt} good calls today
[16:00] {larisa} bye


Wednesday, July 29, 2009

Jul 29 2009

With nice WFC and NVAX wins and couple small stops we continue both streaks - one of moderate steady profits and one of boredom. Being offered a choice between being bored with profits and being entertained with losses, what would I choose... hmmm

Session Time: Wed Jul 29 00:00:00 2009

[08:20] {Threei} AGEN is trying again
[08:23] {nemo} morning
[08:24] {Threei} nemo :)
[08:24] {nemo} or as magoo would say gninrom
[08:27] {Threei} BLTXX Baltic Dry Bulk Index +0.7% (3rd straight increase)
[08:28] {BillyD} gm Vad
[08:28] {Threei} Billy :)
[08:29] {Threei} these bios spiking out of nowhere on no news become irritating
[08:30] {BillyD} AGEN has eps before mkt open tomorrow
[08:30] {nemo} crap stocks moving is not a healthy market
[08:30] {Threei} Prior Durables revised from +1.8% to 1.3%
[08:31] {Threei} (US) Fed's Dudley: The economic contraction is waning, sees moderate growth in the second half of 2009; concerned Fed's exit will be "very, very premature"
[08:32] {Threei} AVII at least has some resemblense opf news
[08:32] {Threei} what dod JAZZ have?? :)
[08:32] {Threei} aside of cool name
[08:33] {cosmo} showtime?
[08:33] {Threei} EFUT Works With Microsoft to Provide Standardized POS-ERP System in China (8.40, 0.00, 0.00%)
[08:34] {Threei} system will integrate Microsoft Windows Embedded POSReady 2009 into eFuture''s POS-ERP Store Operation System. Leveraging eFuture''s nationwide retail customer base and Microsoft''s worldwide reputation will allow eFuture to deliver a reliable and seamlessly integrated POS solution to companies throughout China.
[08:34] {Threei} POS solution eh
[08:40] {cosmo} POS response, it seems
[08:58] {JohnK} gm folks
[08:59] {Threei} john :)
[09:04] {magoo} morning
[09:04] {nemo} gninrom
[09:04] {Threei} magoo :)
[09:05] {fernp} good morning everybody
[09:06] {magoo} is laser down?
[09:06] {BillyD} no
[09:07] {Threei} fern :)
[09:07] {magoo} weird, took me 3 trys
[09:08] {larisa} good morning :)
[09:10] {Threei} Yahoo! Inc CEO: Pact with MSFT will help provide healthy cash flow moving foward, agreement is a "game changer"
[09:10] {Threei} - Deal only covers search and search business operations; will provide a strong Number 2 player in search field
[09:10] {Threei} - Deal will not cover display ads or other areas of Yahoo's business
[09:10] {Threei} - Best element of deal will be its ability to bring scale to the market
[09:10] {Threei} - Reiterates that MSFT's focus will be on search technology
[09:10] {Threei} - Follow up: See Rev levels coming down a bit on the action as some actions will be shared. Has the option to use MSFT tech on mobile platforms, mobile relationship is not exclusive.
[09:10] {Threei} larisa :)
[09:10] {larisa} :)
[09:12] {Threei} (US) PIMCO's El-Erian: July equities rally is a "sugar high"; Not seeing long-term, sustainable demand return yet; reiterates it is too soon to say the recession is over - CNBC
[09:12] {Threei} - notes there is a limit to how high we can "float up" on public debt.
[09:12] {Threei} - mostly reiterates his comments from yesterday.
[09:15] {ese} good morning
[09:15] {Threei} ese :)
[09:15] {nemo} hey ese
[09:15] {ese} morning boys.....and larisa.......
[09:16] {larisa} ty ese for not calling me "larry" thing :)
[09:16] {nemo} hehehehe
[09:16] {dino} gm all
06[09:16] * Threei hands larisa frozen trout and points at nemo with his eyes
[09:17] {nemo} hey Dino
[09:17] {Threei} dino :)
[09:17] {ese} your welcome.......
[09:17] {ese} dino
06[09:17] * nemo crawls in cave, closes door, pulls blanket over head
[09:17] {cosmo} try lari nemo
[09:18] {nemo} hi lari!
[09:18] {dino} :)
[09:18] {cosmo} oops...
[09:18] {larisa} lol
[09:18] {Threei} csomo, contributing to creation of a monster
[09:18] {cosmo} self man eh
[09:18] {cosmo} self made that is
[09:19] {ese} drys reports tomorow...
[09:19] {Threei} nothing shapes up cleanly so far
[09:20] {cosmo} ALVR should hold 4.30 imho
[09:21] {cosmo} 4.50 pre mkt high fwiw
[09:24] {jfjf64} mornin all
[09:25] {Threei} jf :)
[09:26] {patel} good morning traders
[09:26] {Threei} patel :)
[09:28] {magoo} ELRN up on news vad
[09:29] {Threei} Elron Electronic Industries Ltd. Receives Formal FDA Clearance to Market Its Insulin Micropump in the United States
[09:29] {Threei} - Medingo intends to introduce the Solo MicroPump at the American Association of Diabetes Educators Meeting which will take place in August 2009 in Atlanta, U.S.A.
[09:29] {Threei} innovative, miniature, tube-free, insulin delivery system
[09:31] {ese} mee taking off
[09:31] {nemo} fcx croaking
[09:33] {magoo} BAC nuts vads
[09:33] {Threei} yeah
[09:33] {Threei} no fresh news
[09:33] {magoo} AIG pop
[09:33] {Threei} ELRN is really nuts
[09:34] {Threei} WFC...
[09:34] {Threei} let's see if there is a play here
[09:35] {magoo} lets watch CAT too
[09:36] {Threei} Long Setup: WFC .35 if holding above .20
[09:37] {Threei} if you prefer aggressive entry, stop is still under .20
[09:37] {Threei} Long Setup: CAT 42 break if holding above 41.90
[09:39] {Threei} WFC almost 1:1
[09:39] {Threei} half out
[09:39] {Threei} 1:1 with no almost
[09:39] {Threei} scalpers be happy
[09:39] {JohnK} out of WFC thx T :)
[09:40] {Threei} daytraders take half, trail stop... routine
[09:40] {Threei} John :)
[09:40] {jfjf64} cat
[09:41] {Threei} CAT confirms observation from a day or two ago:
[09:41] {nemo} here it comes
[09:41] {Threei} all invalidations can be faded for a very high percentage of winning trades
[09:42] {nemo} sorry Vad, thought you were gonna' make a joke...don't know why I thought that
[09:42] {JohnK} is the CAT trade still valid?
[09:42] {nemo} dead
[09:42] {Threei} kidding john?
[09:42] {JohnK} thought so
[09:42] {cosmo} don't count on it nemo
06[09:42] * nemo slaps JohnK around a bit with a large daytrading course
[09:42] {JohnK} it's early sorry :)
[09:43] {Threei} let's see:
[09:43] {ese} l mee .11
06[09:43] * nemo slaps JohnK around a bit with a large Master Profit Plan
[09:43] {Threei} [09:37] {Threei} ... if holding above 41.90
06[09:43] * nemo slaps JohnK around a bit with a large scalping course
[09:43] {Threei} WFC stop for the balance to under .40
[09:44] {ese} out mee .16 =}05
[09:44] {ese} +.05
[09:45] {Threei} FITB
[09:45] {Threei} on a verge of break on daily
[09:45] {ese} L mee .20
[09:46] {ese} out mee .34 +.14
[09:49] {cosmo} sqnm
[09:50] {patel} if WFC can take out .64
[09:50] {patel} which was yesterday's high
[09:52] {tomg} cat
[09:54] {ese} ya well yere got yer market not da ya expect ta work in dem dare conditions
[09:54] {ese} l mee .15
[09:55] {patel} thanks for WFC, vad :)
[09:55] {Threei} sure
[09:55] {_matt} nice call on wfc thank you
[09:55] {ese} out mee .21 +.06
[09:55] {Threei} welcome matt
[09:56] {magoo} BAC does even blink
[09:57] {Threei} and no news of any significance in financial sector
[09:58] {wulff} HGSI new daily high
[09:58] {Threei} eeck
[09:58] {Threei} missed it
[09:59] {wulff} me too
[09:59] {wulff} .60 support
[09:59] {Threei} spiked into 15 anyway, I wouldn't buy such trigger
[10:00] {wulff} swing maybe
[10:02] {wulff} here, please drop
[10:03] {Threei} (US) Treasury's Geithner: Will continue to take prudent interest in global economy (related EUR/USD )
[10:03] {Threei} huh?
[10:03] {ese} l hgsi .15
[10:04] {ese} out hgsi .20 +.05
[10:06] {ese} out hgsi .20 +.05
[10:06] {ese} opps sorry
[10:07] {fernp} out WFC ty Vad
[10:07] {Threei} :)
[10:07] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:07] {Threei} **consensus expectations:
[10:07] {Threei} Crude: -1Me
[10:07] {Threei} Gasoline: -600Ke
[10:07] {Threei} Distillate: +1Me
[10:08] {Threei} US Labor Dept: June unemployment increased in all 372 survey areas of the US on y/y basis
[10:09] {Threei} watching BAC and HGSI for pullback entry
[10:10] {ese} L mee aggressive entry .47
[10:11] {Threei} IMMU Hearing renewed takeover chatter circulating (435.50, -4.35, -0.99%)
[10:12] {BillyD} wanted HGSI in the .80's
[10:12] {wulff} the 1980's?
[10:13] {BillyD} 14.80's
[10:13] {Threei} Long Setup: BAC .65 if stays above .59
[10:14] {BillyD} break .65 or hit it
[10:14] {Threei} hit
[10:15] {magoo} in bacon
[10:16] {ese} out mee .54 +.07
[10:17] {nemo} rimm vad
[10:18] {chiro} Bac stop ? .59?
[10:18] {nemo} yep
[10:18] {Threei} formally .58
[10:19] {nemo} just had a visual of Vad in a tie
[10:19] {chiro} ty
[10:19] {Threei} RIMM, double bottom try would be .30 break
[10:19] {Threei} with .15 stop
[10:20] {Threei} no worky BAC
[10:20] {ese} stld
[10:21] {ese} smaller loss but not good enough getting smoked
[10:21] {jfjf64} rimm stop ??
[10:21] {Threei} [10:19] {Threei} with .15 stop
[10:21] {Threei} wake up guys
[10:23] {Threei} HGSI is still holding up there
[10:24] {jfjf64} i sleein i guess ya in hgsi yet
[10:25] {wulff} in .18
[10:27] {_matt} on wfc this morning it spiked way up while hitting the entry, would it be a consideration for selling into the fast buying action?
[10:28] {_matt} with volume
[10:29] {Threei} you mean after triggering?
[10:29] {Threei} or coming into trigger?
[10:29] {_matt} coming into triggger it hit it, i got in and it went to .46 on the same 1 min candle
[10:30] {Threei} *DOE CRUDE: +5.15M V -1ME; GASOLINE: -2.31M V -600KE; DISTILLATE: +2M V +1ME
[10:31] {Threei} such spikes often signal exhaustion, yes
[10:31] {Threei} to take scalp or partial out is kind of personal preference
[10:32] {_matt} I was going to partial but scalped with that price action, do you indicate when you intend to partial or scalp?
[10:32] {Threei} usually yes
[10:33] {Threei} sometimes I forget
[10:33] {Threei} most oftenb if there is no indication, it's for your discretion,
[10:33] {Threei} and if I feel strongly one way or another, I say "not a scalp for me"
[10:34] {Threei} or "just a scalp"
[10:34] {_matt} it seems that when you partial it gives you a risk free way of taking advantage of a possible big move
[10:35] {Threei} true, buit the downside is a chance of profits evaporating
[10:35] {Threei} tradeoffs...
[10:35] {Threei} everything is a compromise
[10:36] {_matt} you mention that summer is slow, does the fall offer more trades or just more readable due to increased volume?
[10:36] {Threei} both
[10:37] {BillyD} FITB strong
[10:37] {_matt} ty
[10:38] {Threei} sure
[10:38] {dino} sm l snda .05
[10:42] {Threei} Market Internals update at 10:30amET
[10:42] {Threei} - NYSE volume 240M shares, about 13% below its three-month average; decliners lead advancers by 2.2:1.
[10:42] {Threei} - NASDAQ volume 510M shares, about 8% below its three-month average; decliners lead advancers by 1.9:1.
[10:42] {dino} nvax
[10:42] {Threei} my best guess is, we are about to see rally resumption
[10:43] {Threei} BCRX too
[10:43] {Threei} what the deuce
[10:46] {magoo} u usually have good feel on mkt / rally call vad
[10:49] {ese} l mee .37.....real crappy fill......
[10:50] {nemo} get out ese
[10:50] {nemo} :)
[10:52] {patel} u wathcing any thing
[10:54] {ese} out mee .53 +.16
[10:54] {nemo} rockin' on mee today ese
[10:55] {ese} tks
[10:55] {Threei} last pullback, then break, looks like
[10:55] {fernp} gj ese
[10:55] {nemo} on what vad?
[10:55] {Threei} market
[10:55] {nemo} what symbol is that...duh
[10:55] {ese} that was a nice one with 6k
[10:55] {BillyD} is BAC candidate
[10:56] {Threei} WFC is better one
[10:56] {BillyD} yes
[10:56] {Threei} and RIMM
[10:57] {Threei} NVAX ultimately lost its mind
[10:57] {BillyD} who? hehe
[10:59] {nemo} nice one Dino
[11:00] {Threei} Update: CDC vaccine chief: pandemic flu vaccine could be ready in the US by September (related SNY GILD NVAX BCRX )
[11:02] {chiro} HGSI 14.97
[11:02] {dino} got lucky
[11:02] {nemo} BS
[11:02] {chiro} only if i sell for profit
[11:03] {nemo} dcc Dino
[11:04] {Threei} okay, in case rally resumption materializes:
[11:04] {Threei} Long Setup: WFC .77 if stays above .65
[11:04] {magoo} magoo looks up 2 words there in pictionary
[11:04] {Threei} sorry mags
[11:05] {Threei} didn't mean to overtask your capacity... it's nemo's fault
[11:05] {nemo} how's that?
[11:05] {Threei} no idea but it just must be
[11:05] {BillyD} by default nemo it seems
[11:06] {nemo} you can't blame somebody who is here. You have to blame somebody who isn't so they can't defend themselves
[11:06] {magoo} CAT could be candidate lord vader
[11:06] {Threei} dp, you here?
[11:07] {Threei} tough one mags
[11:07] {magoo} 'only as tough as u make it:)
[11:07] {Threei} there... it's dp's fault
[11:07] {Threei} you got a break nemo
[11:08] {magoo} i still blame nemo
[11:09] {Threei} nothing prevents us from blaming both of them actually...
[11:10] {Threei} and dino goes on vacation soon...
[11:10] {magoo} lazy slackers
[11:10] {ese} l mee .43
[11:10] {magoo} 20k?
[11:11] {ese} 3
[11:11] {nemo} DPWFL Mags...
[11:11] {magoo} HUH?
[11:12] {Threei} see?
[11:12] {Threei} at least my words you will find in vocabulary
[11:12] {chiro} hgsi -.15
[11:13] {nemo} Disgruntled Postal Worker Fantasy List
[11:14] {magoo} oh roflol..i was clueless..i ighnored all of your posts yesterday
[11:14] {Threei} yesterday?
[11:14] {nemo} what makes yesterday unlike any other day
[11:15] {ese} out mee .37 -.06
[11:15] {ese} daaaaaaaaa!!!!!!!
[11:15] {Threei} WFC is on a verge of being invalidated
[11:15] {magoo} bears will prolly make an attempt to squash mkt ...but will fail..and vads rally will hit
[11:16] {BillyD} puitting up a fight though
[11:16] {Threei} that's my story so far mags
[11:16] {Threei} sticking to it until proven otherwise
[11:16] {Threei} and trying to get a feel for NVAX... done or resting before another rocket
[11:18] {magoo} u just better get it right, i will be loading the boat if u get my drift
[11:19] {Threei} no pressure eh?
[11:19] {magoo} im serious..BIG shares if IF
[11:19] {magoo} so even a dime will kill me
[11:19] {BillyD} lol
[11:19] {Threei} WFC invalidated for now
[11:20] {nemo} so, it's a short?
[11:20] {magoo} billy, he works best when i moltivate him:)
[11:20] {nemo} :)
06[11:20] * Threei slaps magoo around a bit with a large anti-motivating device
[11:22] {nemo} yeah, but that rash never goes away
[11:22] {magoo} u just focus he he
[11:22] {Threei} NVAX is too volatile for such precision as dime
[11:23] {Threei} just a fair warning
[11:24] {Threei} IACI CEO: We can compete in search, this is still a very dynamic, growing area of the internet - conf call
[11:24] {Threei} Bing is definitely an improvement over Microsoft's previous attempts at search.
[11:24] {Threei} - "Some people out there refer to IACI as #3 in search."
[11:24] {Threei} well... some people think I can sing
[11:26] {nemo} yeah, but they're deaf
[11:26] {Threei} that's my point
[11:27] {Threei} Long Setup: NVAX .95
[11:27] {Threei} stop under .80
[11:27] {Threei} risky as hell
[11:27] {Threei} and if triggers,
[11:27] {Threei} Long Setup: BCRX
[11:27] {Threei} right here
[11:27] {Threei} stop under .30
[11:28] {nemo} what was right here?
[11:28] {Threei} it's still right here
[11:29] {magoo} futes still rotting
[11:29] {Threei} I don't think this couple cares much about them at this point
[11:31] {Threei} they have their own momo that either continues or dies down
[11:32] {Threei} NVAX if works, not a scalp for me
[11:32] {Threei} will try to partial
[11:33] {Threei} next spike should take it into 1:1
[11:35] {magoo} vad, keep eye on HGSI
[11:35] {Threei} can't
[11:35] {Threei} one on NVAX, one on BCRX, third in comaa
[11:36] {Threei} there... 1:1 NVAX
[11:36] {Threei} half out
[11:37] {Threei} stop to undr .90 for the balance
[11:40] {Threei} hurry up BCRX, your turn
[11:41] {patel} i was away from my desk what was the entry in BCRX
[11:41] {Threei} .39 - .40
[11:41] {ese} i smell more money in mee once this shakeout is done
[11:41] {Threei} but it's a complemetary play to NVAX
[11:43] {Threei} Attention: NVAX stop for the balance to under .95
[11:44] {Threei} mags, are you breathing over there?
[11:45] {Threei} next partial exit for NVAX is .22
06[11:46] * Threei slaps magoo around a bit with a large defibrillator
[11:47] {magoo} yea
[11:47] {Threei} just making sure you are partialling out... you know, the best way to get killed is to go for a kill
[11:48] {Threei} ok, next leg up is coming
[11:50] {Threei} here it is
[11:50] {Threei} direct hit
[11:50] {Threei} 1/4 more out
[11:50] {Threei} stop to .99
[11:51] {fernp} nice call Vad
[11:51] {nemo} wish you hadn't said "Risky as hell"
[11:51] {nemo} :)
[11:52] {Threei} well, it is
[11:52] {nemo} yep
[11:53] {Threei} look at the high so far
[11:53] {Threei} .23
[11:53] {Threei} is that a precision on exit or what
[11:53] {Threei} okay, your chpices on last portion:
[11:53] {Threei} stop under 5,
[11:54] {Threei} either exit into spike over .30, most likely closer to .40
[11:54] {Threei} or continue trailing it
[11:54] {Threei} I'll give trailing levels as it goes
[11:59] {magoo} which?
[11:59] {magoo} as i run for cover lol
[11:59] {Threei} which what?
[11:59] {magoo} good one:)
[11:59] {Threei} who?
[12:00] {Threei} don't overtax my mental capacity
[12:00] {Threei} it has been seriously tested earlier this morning when wife asked "2 eggs or 3?"
[12:01] {fernp} lol
[12:03] {Threei} thank you fern
[12:04] {Threei} youare about the only one who maintains my dignity, even with mercy laugh
[12:04] {fernp} here I am whenever you need me :)
[12:05] {Threei} thank you
[12:05] {Threei} now, my revenge for jf:
[12:05] {Threei}
[12:10] {Threei} done with NVAX and stopped on BCRX
[12:10] {Threei} and guess who is on TV
[12:11] {larisa} nice pics. we had mama with 6 baby racoons last year, every evening they walked the perimeter of our property and hanged like apples from the trees for hours. very funny
[12:12] {Threei} they are funny until they fight for food... then they are vicious :)
[12:13] {BillyD} great photos Vad
[12:13] {Threei} ty
[12:13] {patel} nice pix
[12:13] {BillyD} did you take them?
[12:13] {BillyD} hehe
[12:13] {Threei} sigh
[12:20] {Threei} WFC
[12:20] {Threei} forming .60 - .70 range
[12:20] {Threei} not taking this break right away
[12:20] {Threei} I'd prefer more consolidation
[12:21] {Threei} break right now is very likely to turn out a trap
[12:24] {Threei} 75% Favor Auditing The Fed
[12:27] {ese} those of you that worked nvax.......good's takin off again
[12:28] {BillyD} Vad, is WFC ready this time if breaks .70
[12:29] {Threei} it's retreating while market moves up
[12:29] {BillyD} your photos are really nice, was kidding
[12:29] {Threei} not liking it very muxch
[12:29] {BillyD} ok
[12:29] {Threei} I know... don't take my grumpiness seriously :)
[12:29] {Threei} no one does
[12:30] {BillyD} Yeah, I don't....good entertainment
[12:30] {Threei} which makes me even grumpier
[12:30] {Threei} Preview: Treasury's $39B 5-year note auction results due just after 1PM ET
[12:30] {Threei} - $39B auction size is an increase of $2 from June
[12:30] {Threei} - prior bid-to-cover ratio 2.58 with an average of 2.20 over the last 10 auctions
[12:30] {Threei} - indirect bidders took 62.8% of competitive bids at last auction
[12:30] {Threei} - with 23.4% alloted at the high at last auction
[12:30] {Threei} - When Issued notes currently offer a yield roughly 3 basis points above the cash market at 2.62%
[12:39] {dino} pega
[12:40] {Threei} we again are locked in 20 points range
[12:47] {Threei} 13 min till auction results
[13:03] {chiro} RIMMM...ndl
[13:03] {chiro} yhoo
[13:03] {chiro} sry...
[13:05] {Threei} market disliked auction results
[13:05] {Threei} but we are still in that same narrow range
[13:12] {Threei} (US) President Obama: Best case scenario would be a vote on healthcare bill in late September or early October (related IYH )
[13:13] {Threei} US) Reportedly leader of House fiscal conservative Democrats ("Blue Dogs") says agreement has been reached on the healthcare bill
[13:13] {Threei} - Reportedly the markup of the bill will resume later today.
[13:13] {Threei} - Notes that full House will vote on the bill in September, says the White House is on board with plan.
[13:30] {Threei} WFC - another confirmation of "fade the invalidation"
[13:33] {patel} we watching anything
[13:33] {Threei} not finding anything to watch
[13:35] {fernp} YHOO is not dropping with market
[13:36] {Threei} .40 is resistance to break for it
[13:45] {nemo} Mmmhhhh...why's the $ so strong?
[13:55] {magoo} vad, u watching bac wfc for bounce if mkt resumes?
[13:55] {Threei} I guess
[13:58] {magoo} sigh
[14:00] {Threei} Fed's Beige Book:Economic decline has moderated;
[14:00] {Threei} reporting extremely soft labor markets; lending activity stable in some districts
[14:01] {Threei} - Residential real estate market still soft
[14:01] {Threei} - upward price pressures are minimal
[14:25] {ese} hellooooooo elvis would say
[14:26] {nemo} wtf you wake me up for!!!
[14:26] {ese} was visiting the other side........
[14:26] {ese} of my computor that is.....
[14:27] {ese} gonna have to get that program for macs where you can operate windows from the mac side
[14:28] {ese} elvis is watching nemo........don't forget that
[14:31] {wulff} in HIG
[14:31] {fernp} VMware is the program, ese
[14:31] {fernp}
[14:36] {nemo} how's the coma Vad?
[14:37] {larisa} too deep to answer :)
[14:37] {nemo} thanks Lari
[14:38] {larisa} yw
[14:38] {Threei} sigh
[14:40] {nemo} Amazing, that bad auction, tbt skyrockets, then plummets ack to range
[14:40] {nemo} back
[14:42] {BillyD} why did we wake up today
[14:42] {Threei} come on... WFC and NVAX plays were not worth it?
[14:42] {BillyD} did not take either.....not my preference
[14:42] {Threei} well...
[14:43] {BillyD} why did you call WFC when mkt was still selling?
[14:43] {BillyD} what did you see
[14:43] {Threei} because it was setting up long while market was selling...
[14:44] {BillyD} it seems it's pattern has been hit or miss...some days yes with some days no
[14:44] {nemo} trout him Vad
[14:44] {BillyD} reason for my pass
[14:45] {larisa} BIlly, did you take HGSI on 14.80 pullback like you wanted though? it was nice one for 20 cents.
[14:46] {nemo} she's so sunshiny
[14:46] {larisa} earlier today. I used your alert, so ty :)
[14:46] {BillyD} I did not take it...don't remeber why
[14:47] {larisa} was a bit slower then we'd like on pullback, but support did hold
[14:47] {larisa} but i agree slow day
[14:48] {BillyD} my whole pt before vad jumped
[14:48] {BillyD} that guy........
[14:48] {larisa} lol
[14:48] {nemo} trout him Billy
[14:49] {ese} Thanks fern....will look into that
[14:49] {larisa} nemo provocator
[14:49] {Threei} 'cause I take sever umbrage in suggestion I don't earn my keep - while I hit weeks' long winning streak in THIS swamp {G}
[14:49] {Threei} and nemo....
[14:49] {BillyD} lol
[14:49] {nemo} what?
06[14:49] * Threei unholsters the trout
06[14:50] * nemo crawls into cave...closes door...pulls blanket over head
06[14:50] * nemo grabs teddy bear
[14:50] {Threei} okay then... but holster is still unbuttoned
06[14:50] * nemo opens draw...pulls out colt python .357
[14:50] {BillyD} gotta keep nemo at bay with constant threat
06[14:51] * Threei slaps nemo around a bit with a large solid frozen trout, fins sharp
[14:53] {nemo} the double whammy, physical abuse and psychological damage from fratricie
[14:53] {nemo} fratricide
[14:53] {Threei} that's how we do things...
[14:54] {nemo} I'm calling PETA on you
[14:55] {Threei} they'll make me watch their ads with girls in swimming suits? oh horror
[14:56] {nemo} Depends on the women...I think Rosanne Barr is in the latest
[14:56] {larisa} she lost a lot of weight lately
[14:59] {Threei} things I learn here...
[14:59] {larisa} wow, just noticed oil prices
[15:12] {Threei} Long Setup: USO .50 break if stays above .35 - half lot
[15:13] {ese} Vad are you coming to the Symphony Splash on High School band is playing on the barge from 4pm to 6 pm
[15:13] {Threei} saw the program ese
[15:13] {Threei} sorry, won't be coming myself
[15:13] {Threei} too many people, too hot... and I have guests out of town who hate all those things
[15:14] {ese} ahhhh ok
[15:14] {BillyD} lol
[15:14] {Threei} good luck with p;erformance
[15:14] {Threei} I am sure your guys will do fine
[15:15] {ese} here is the website everyone.....very cool show for my kids to be doing
[15:15] {Threei} cool kids too
[15:15] {ese} tks
[15:17] {ese} down to the Symphony offices now.....see you tomorow
[15:17] {Threei} take care ese
[15:17] {ese} see ya vad
[15:20] {nemo} Ha! just noticed the Qs are up today...whooda' thunk
[15:21] {dino} why would they be up?
[15:21] {nemo} I don't know
[15:22] {dino} strange
[15:22] {nemo} not by much, but they are
[15:23] {Threei} EBAY Reportedly working on software to replace Skype; founders of Skype theaten to make underlying technology unavailable
[15:23] {Threei} - Founders of Skype accuse EBAY of violating licensing agreement
[15:23] {Threei} Congressman Barney Frank: "cram down" rules may be brought back if lenders do not modify more mortgages
[15:25] {dino} something about barney and cram down that i'm not liking
[15:25] {nemo} hehehe
[15:26] {Threei} [14:59] {Threei} things I learn here...
[15:26] {Threei} but LOL
[15:29] {BillyD} Vad, still interested in USO
[15:29] {nemo} didn't break .35
[15:30] {nemo} c u 2 morow
[15:30] {BillyD} no, but day gets shorter
[15:30] {nemo} when's sunset :)
[15:30] {BillyD} in 30 min
[15:30] {BillyD} hehe
[15:30] {Threei} I think so billy
[15:31] {BillyD} ty
[15:31] {Threei} has a good chance of jump for a scalp on end of day covering
[15:33] {Threei} USU To Pursue Discussions on Loan Guarantee
[15:33] {Threei} - requesting that the Obama administration review further the economic recovery and national and ene... (3.78, -0.27, -6.67%) more...
[15:34] {Threei} requesting that the Obama administration review further the economic recovery and national and energy security benefits of providing a loan guarantee for the American Centrifuge Plant in Piketon, Ohio. This announcement comes in response to the U.S. Department of Energys (DOE) request that USEC withdraw its application for loan guarantee funding.
[15:34] {_matt} did you get uso?
[15:34] {Threei} it triggered... why not?
[15:40] {Threei} Harvard's Feldstein: Obama health care reform program will cost in excess of $1T - CNBC (related IYH BBH PPH )
[15:41] {_matt} my bad
[15:41] {patel} USO needs a little kick
[15:42] {Threei} little?
[15:44] {Threei} let's tighten stop to under .40
[15:44] {Threei} time's getting tight
[15:44] {Threei} even with half lot, no point in struggling too much
[15:48] {Threei} stop to under .45
[15:48] {Threei} {--- extra-stingy
[15:49] {BillyD} nah, just prudent
[15:49] {Threei} the laughter of people who know me well is deafening
[15:51] {Threei} out
[15:51] {Threei} whatever
[15:51] {Threei} it would be unamerican profit anyway
[15:52] {BillyD} as long as USD
[15:52] {Threei} okay guys, thank you all
[15:52] {Threei} have a good evening, see you tomorrow
[15:53] {BillyD} cya
[15:53] {larisa} bye
[15:53] {fernp} bye


Tuesday, July 28, 2009

Jul 28 2009

Nice, slow and steady. Another winning day, with one stop and a few wins on RIMM both directions and AIG long. Gotta sail through the summer in a slow but steady boat.

Session Time: Tue Jul 28 00:00:00 2009

[06:48] {_roxy} GM
[08:16] {Threei} BLTXX Baltic Dry Bulk Index +2% (second straight gain
[08:17] {Threei} Good morning
[08:17] {BillyD} Vads
[08:17] {BillyD} Vad :)
[08:17] {Threei} DRYS got ligitimate reason to continue... let's see if it uses it
[08:17] {Threei} roxy, billy :)
[08:32] {nemo} market not looking to kindly at the auctions this week?
[08:34] {Threei} I am not sure auctions is such a huge part of market engine at this point
[08:34] {Threei} just one of pieces of the puzzle
[08:47] {Threei} BCRX fell of a cliff
[08:47] {Threei} JAZZ on the other hand...
[08:48] {_roxy} how do i make the font bigger?
[08:48] {Threei} don't make it color please
[08:48] {nemo} "You can have any color you want as long as it's black"
[08:49] {Threei} who uses mibbit, can you help?
[08:49] {_roxy} sorry
[08:49] {nemo} Whoa! "Zimbabwe Share Trading Value Surges"
[08:50] {Threei} finally
[08:50] {nemo} All's right with the world...
[08:51] {cosmo} we might even be using their currency soon...
[08:51] {nemo} thought we were
[08:52] {cosmo} hmmm ....checking
[08:52] {fernp} good morning everybody
[08:52] {Threei} fern :)
[08:53] {fernp} CTRL + "+" increase the font in all browsers
[08:54] {Threei} ty fern
[08:54] {fernp} :)
[09:00] {Threei} *MAY CASE SHILLER HOME PRICE INDEX: 139.84 V 139.18 PRIOR; COMPOSITE-20 Y/Y: -17.06% V -17.90% PRIOR
[09:02] {Threei} CFTC's Gensler: Agency is not seeking to end specualtion in fiancial markets
[09:02] {Threei} rofl
[09:03] {Threei} as if financial markets could even exist without speculation
[09:03] {cosmo} why are they gonna do that?
[09:03] {Threei} the very fact that they have to say this speaks volume of how this administration is seen
[09:04] {cosmo} volumes
[09:04] {Threei} them too
[09:05] {JohnK} GM folks
[09:05] {jfjf64} mornin
[09:05] {Threei} John :)
[09:05] {Threei} jf :)
[09:11] {Threei} still nothing on JAZZ on news wires
[09:15] {magoo} gninrom
[09:15] {Threei} oogam ):
[09:15] {nemo} redrum
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:18] {nemo} onid
[09:18] {ese} good morning
[09:18] {nemo} ese
[09:18] {Threei} ese :)
[09:18] {nemo} can't do much with ese
[09:19] {Threei} lol
[09:19] {ese} alright what did i miss?
[09:20] {nemo} the boat
[09:20] {nemo} rofl
[09:20] {ese} can't dis agree with that..........
[09:23] {magoo} :)
[09:23] {magoo} doesnt take much in this room :)
[09:23] {nemo} use yesterday as an example...Hey Mags, ever figure out how to display a stock on a chart!
[09:24] {Threei} BAC Reported company is not planning to reduce US branches by 10%, refuting WSJ report
[09:24] {cosmo} why are they gonna do that?
[09:25] {Threei} AVII Update: AVI BioPharma and Action Duchenne Team Up to Support Advancement of PMO-Based Therapeutics for Treatment of Duchenne Muscular Dystrophy
[09:25] {nemo} they get to keep customer money if there's no way for them to get it out
[09:25] {cosmo} ah
[09:27] {Threei} guess what I've got for the open
[09:27] {BillyD} DRYS
[09:27] {nemo} nada, zilch, zed
[09:27] {Threei} nemo takes the price
[09:27] {Threei} prize
[09:27] {nemo} that's the third one I've won, and you've never sent me anything
[09:27] {BillyD} give'em the holster prize vad
[09:27] {Threei} I sent you my best wishes
[09:28] {nemo} you can't give me a pat on the back because of your permanently dislocated shoulder
06[09:28] * nemo slaps BillyD around a bit with a large trout
[09:28] {BillyD} ARIA a nice little candidate vad
[09:28] {Threei} but there is always trout...
[09:28] {Threei} AVII too
[09:28] {BillyD} lol
[09:28] {patel} good morning
[09:28] {Threei} patel :)
[09:29] {Threei} IMF: Needs of emerging markets (ex China) could be in range of $1.3T to $2.0T over the next decade (related EUR/USD CE4FX )
[09:29] {nemo} dcc BillyD
[09:30] {BillyD} got it
[09:30] {nemo} heheh
[09:30] {nemo} e
[09:30] {BillyD} :)
[09:30] {texus} gm
[09:30] {Threei} texus :)
[09:32] {Threei} Long Setup: AVII .50 break if stays above .40
[09:34] {Threei} ARIA got traction
[09:34] {dino} veco, evvv
[09:34] {Threei} pullback under .20 should be interesting for entry
[09:35] {JohnK} avii still valid?
[09:35] {Threei} nah
[09:35] {nemo} that was quick on aria
[09:35] {nemo} catch it vad
[09:35] {Threei} yeah
[09:35] {Threei} me no
[09:35] {nemo} coma?
[09:35] {jfjf64} jazz
[09:35] {Threei} sudden jump, no range established
[09:36] {magoo} jazz going hard
[09:37] {texus} sso
[09:37] {Threei} NVAX Hearing analysts at Stansberry Research making positive comments in the name (timing uncertain) (4.15, -0.08, -1.89%)
[09:37] {texus} oops, don't pay attention to that..
[09:37] {jfjf64} avii .35 vad
[09:37] {Threei} nah
[09:38] {Threei} and still no any news on JAZZ
[09:38] {Threei} wth
[09:38] {patel} AVII, stil valid
[09:38] {Threei} no
[09:39] {Threei} for it to become valid again, we want it to touch near .50, pull back, hold .40
[09:39] {Threei} returhn to .50 and break
[09:39] {Threei} so that range gets reestabilshed
[09:43] {magoo} good pllbk jazz
[09:44] {jfjf64} hig
[09:46] {Threei} watching AIG
[09:46] {BillyD} lol...just pulled up
[09:46] {Threei} for range 13 - 13.10 to hol;d and break
[09:48] {magoo} rimm bounce vad?
[09:48] {Threei} Long Setup: AIG 13.10 break if holding above 13
[09:48] {Threei} kind of a bit too wide range here mags
[09:50] {Threei} Long Setup: HIG .70 break if stays above .60
[09:51] {magoo} read on jazz vad?
[09:51] {Threei} none
[09:52] {Threei} RIMM become more interesting
[09:53] {Threei} Long Setup: RIMM 77.15 break
[09:53] {Threei} if stays above 77
[09:53] {Threei} not even break, just .15
[09:54] {Threei} still valid
[09:54] {dino} veco s .79, stop .01
[09:55] {Threei} in
[09:55] {nemo} in
[09:56] {magoo} ni
[09:56] {Threei} come on NASDAQ, little help
[09:56] {fernp} consumer confidence in 4 min, vad
[09:56] {Threei} I bet it will be good
[09:57] {larisa} 77.19 res has to clear
[09:57] {Threei} yeah, bumping into it time and again
[09:58] {Threei} not a scalp for me
[09:58] {Threei} intend to partial if it goes
[09:58] {Threei} first partial above .30
[09:58] {dino} bstopto .68
[09:58] {dino} stopped +.11 cov
[09:58] {Threei} okay... let's go RIMM
[09:59] {dino} cmg
[09:59] {Threei} out 1/2 .39
[09:59] {Threei} - prior revised from 6 to
[09:59] {Threei} - no revisions (related SPY SHY )
[09:59] {BillyD} RIMM finally
[09:59] {JohnK} good trade RIMM T thx
[09:59] {Threei} :)
[10:00] {Threei} JULY CONSUMER CONFIDENCE: 46.6 V 49.0E
[10:00] {BillyD} I hit RIMM when it hit .15 the first time and got stopped and then took it again
[10:00] {jfjf64} market turns over
[10:00] {Threei} good manufacturing not good confidence
[10:00] {Threei} shrug
[10:00] {nemo} that consumer confidence wil hit it a bit
[10:00] {Threei} it's a wash AFAIC
[10:01] {nemo} what's AFAIC?
[10:01] {Threei} had 1/4 for sale at .55, too greedy I guess
[10:02] {nemo} be interesting to see if things get stagnant until 1:00
[10:02] {Threei} 11:30] {Threei} AFAIC, HIG is valid setup here
[10:02] {Threei} [11:30] {nemo} afaic?
[10:02] {Threei} [11:30] {Threei} as far as I am concerned
[10:02] {Threei} [11:31] * Threei slaps nemo around a bit with a large vocabulary of Internet abbreviations
[10:02] {Threei} that was yesterday
[10:03] {Threei} memory span of a day trader? {G}
[10:03] {nemo} I remember, and you still haven't told me
[10:03] {BillyD} lol
[10:03] {Threei} [10:02] {Threei} [11:30] {Threei} as far as I am concerned
[10:03] {Threei} that was 1 min ago
[10:03] {nemo} ty
[10:03] {nemo} fyvm
[10:03] {jfjf64} simple vad simple
[10:04] {nemo} I just figured it was your bastardized typing for AFLAC!!!
[10:04] {BillyD} IMMU strong
[10:07] {BillyD} FYI...JAZZ is shortable if loses momo
[10:10] {jfjf64} hgsi any thoughts
[10:11] {Threei} HGSI... drop into .50 will be inetresting,
[10:11] {Threei} or alternatively,
[10:11] {Threei} if holdong .70, break of the high
[10:11] {dino} sm l snda .25
[10:12] {jfjf64} ty also watchin txt
[10:14] {ese} this just is not my type of trading day......I canna find nuttin
[10:14] {jfjf64} weird day
[10:14] {Threei} we just got too used to uptrend
[10:14] {BillyD} something will come up
[10:14] {Threei} takes a few to re-tool
[10:15] {jfjf64} correct
[10:15] {Threei} whoa
[10:15] {dino} out .55 snda +.30
[10:15] {ese} this looks to me like the end of the 10/11 day market run.....gotta correct sometime
[10:15] {Threei} what kind of typing is that?
[10:15] {jfjf64} dont force
[10:15] {Threei} korreqt is right spelling
[10:15] {nemo} Eqzaktly
[10:15] {Threei} there
[10:17] {dino} veco sm s .12
[10:17] {nemo} rimm Vad, setting for short?
[10:17] {Threei} I'd like to see a meaningful bounce first
[10:18] {nemo} if market stays weak might not get it
[10:18] {jfjf64} mas
[10:18] {nemo} touching the BB average
[10:22] {dino} cov veco .90, +.22
[10:22] {Threei} Short Setup: RIMM .80 break if stays below .95
[10:22] {ese} stalking STLD......nice daily chart again
[10:23] {ese} butting up against 2/3 month highs
[10:27] {ese} l stld .95
[10:27] {magoo} any read HIG vad?
[10:27] {ese} lousy fill
[10:27] {Threei} not really mags
[10:28] {magoo} wfc held
[10:31] {dino} snda sm l .20
[10:31] {Threei} die already RIMM
[10:34] {Threei} this is too much like work, lol
[10:35] {BillyD} st leats it is working in your favor
[10:35] {Threei} RIMM 1:1
[10:35] {BillyD} at least
[10:35] {Threei} covering half
[10:35] {JohnK} out of RIMM thx T again :)
[10:35] {Threei} me still greedy
[10:35] {Threei} welcome John
[10:36] {Threei} new low... bidding 1/4 more .52
[10:37] {Threei} okay... 1/4 left, stop just above .80
[10:37] {BillyD} Vad, AIG again
[10:37] {nemo} why wouldn't you set stop at old support of .68?
[10:37] {BillyD} as I typed
[10:38] {Threei} ugh... 13.10 break was AIG's trigger
[10:38] {Threei} missed it completely, mesmerized by RIMM
[10:38] {wulff} TY rimm
[10:38] {Threei} sure
[10:38] {Threei} nemo, for RIMM you mean?
[10:39] {nemo} yes
[10:39] {jfjf64} sleepin on job comonnnnnnnnnn
[10:39] {wulff} took .72 late, but worked out
[10:39] {Threei} I will, as soon as it loses .50
[10:39] {Threei} just want to respect its natural volatility and not trail too soon
[10:39] {nemo} ahh
[10:43] {Threei} Attention: RIMM stop to above .70
[10:43] {Threei} looking to cover under .40
[10:43] {nemo} would it be setting up for another short here?
[10:44] {Threei} .50 break?
[10:44] {Threei} if establishes new resiatance closer to it...
[10:44] {nemo} yeah, as long as it respects the trend line?
[10:44] {Threei} like this .65 for instance
[10:44] {Threei} volume shapes up right
[10:44] {Threei} just higher risk
[10:45] {Threei} rubber band is getting stretched more and more
[10:45] {Threei} and snapback odds are on increase
[10:45] {nemo} yes
[10:45] {BillyD} good comment Vad
[10:45] {nemo} brownnoser
[10:46] {Threei} out last portion
[10:47] {Threei} I have a lot of those Billy,, it just takes me a lot to find right keys...
[10:47] {Threei} or keyboard as a whole
[10:47] {nemo} ask him about his shoulder billy?
[10:48] {BillyD} maybe he needs an easy button for health purposes
06[10:48] * Threei hands Billy a frozen trout and points toward nemo with his eyes
06[10:49] * BillyD slaps nemo around a bit with a large trout
06[10:49] * nemo crawls in cave, closes door, pulls blanket over head
[10:49] {BillyD} too late nemo
[10:49] {BillyD} hehe
[10:49] {ese} l stld avg price .93
[10:49] {nemo} I ever tell you about my "Disgruntled Postal Worker Fantasy List"?
[10:50] {nemo} By the way Vad, I prefer sturgeon
[10:52] {ese} Disgruntled Postal Worker Fantasy List"?????? your deep man deep!
[10:53] {nemo} What's so deep...It's my ranked revenge list. Some names in pencil, some names in pen
[10:56] {ese} Ranked Revenge List?
[10:56] {nemo}'s the italian in me
[10:57] {ese} Nobody would think think that stuff up have to be thinking on another plain man....funnny
[10:58] {dino} cracking me up nemo
[10:58] {nemo} I actually see it as a spiritual mission, in a warped sort of way
[10:58] {ese} thats what i mean by deep......
[10:58] {nemo} I will be helping their souls transition to the next life
[10:59] {ese} whatever your purpose is on this planet.....go for it baby go for it!
[10:59] {Threei} newspaper ad will say: Nemo - curing of life
[11:01] {ese} "you too can become Nemo's next disgruntled Postatl worker"......apply here
[11:01] {nemo} What a way to make a living
[11:01] {ese} i'll say
[11:04] {wulff} Really....RIMM
[11:04] {nemo} yeah
[11:04] {wulff} really?
[11:04] {magoo} AIUG
[11:04] {magoo} AIG
[11:05] {patel} was AIG still valid?
[11:05] {magoo} no
[11:13] {dino} veco s .50, stop .66
[11:14] {Threei} Long Setup: AIG .55 if stays above .45
[11:14] {Threei} Long Setup: RIMM .15
[11:14] {Threei} if stays above 76
[11:16] {BillyD} AIG invalidated?
[11:16] {Threei} AIG revision: .50 break long
[11:16] {Threei} if holding .40
[11:16] {BillyD} ty
[11:18] {chiro} stop on AIG?
[11:18] {Threei} [11:16] {Threei} if holding .40
[11:18] {chiro} ty
[11:18] {dino} veco stopped
[11:22] {Threei} all this storm in a shotglass happens within lousy 15 points NQ
[11:23] {Threei} time for market to shake out the coma and remind everyone that rally is over when it's over - not when everyone says it's over
[11:25] {Threei} RIMM no worky this time
[11:33] {patel} we need AIG to get over 13.55
[11:33] {Threei} move your behind AIG
[11:33] {jfjf64} buyyyyyyyyyyyyyyyyyyyyyyyyy
[11:33] {Threei} control yourself young man
06[11:34] * Threei shows jf controlling device with fins, ready for a slap
[11:37] {jfjf64} 1/1 all out
[11:37] {jfjf64} ty vad
[11:37] {Threei} sure thing
[11:47] {dino} cpla
[11:51] {jfjf64} pcar l 32 break
[11:56] {jfjf64} no wk
[11:58] {jfjf64} anythin ya watchin vad for bounce or ya in coma
[11:59] {Threei} yes but don't let it bother you - I am always in it
[11:59] {Threei} wouldn't dare to trade in any other state
[11:59] {_matt} read on rimm?
[11:59] {jfjf64} never it is what it is
[12:00] {jfjf64} lol
[12:00] {Threei} not right now matt, things are too narrow,
[12:00] {Threei} but there is something to watch for:
[12:00] {Threei} it forms resistance at 76,
[12:01] {Threei} if it forms nice tight support within 15 cents of it over 10-15 minutes, it will become a long on 76 break
[12:01] {_matt} thanks
[12:02] {chiro} BCRX bounce?
[12:02] {Threei} not yet, but on watcgh...
[12:02] {Threei} how did ya know
[12:03] {Threei} Just 23% Believe Health Care Costs Will Go Down if Reform Passes Congress
[12:03] {Threei} good news is, just 23% live in lala land
[12:07] {magoo} any read CAT vad?
[12:08] {Threei} feels ready for reversal but no setup to hang my hat onto here...
[12:08] {larisa} for me was short at .20 with .30 stop :)
[12:08] {Threei} forammly .15 is long trigger, but chart isn't fully ready yet for that
[12:08] {Threei} when larisa?
[12:09] {larisa} 12:01
[12:09] {Threei} before it went under 42 or after?
[12:09] {Threei} oh, I see
[12:09] {larisa} no, just now
[12:09] {larisa} scalping here
[12:09] {Threei} right... that setup played out already
[12:09] {Threei} unfortunately magoo won't accept answer about past ones :(
[12:10] {larisa} usually his questions come right with the setup
[12:10] {larisa} this is why I reacted:) he was a bit late
[12:10] {larisa} or early for long :)
[12:11] {magoo} jazz back
[12:11] {chiro} long bcrx at .03
[12:14] {dino} .
[12:15] {chiro} out 1/2 ....+.10
[12:17] {Threei} chiro :)
[12:17] {Threei} there... CAT is 1:1 from the entry I haven't called
[12:17] {larisa} lol
[12:18] {magoo} i took yournon call tho'
[12:18] {Threei} lol
[12:18] {magoo} in .11
[12:18] {larisa} right off support, nice
[12:19] {chiro} out rest've taught me well, Master
[12:19] {Threei} cool, I may fall deeper in the coma
[12:20] {Threei} you guys just listen to that little threei over your shoulder
[12:20] {Threei} (make sure he is sober)
[12:20] {fernp} lol
[12:28] {magoo} out cat .31
[12:31] {magoo} any read JAZZ here lord vader?
[12:31] {Threei} .10 break with stop under 7
[12:31] {Threei} chances of working are 50/50
[12:31] {Threei} but stop is small
[12:31] {magoo} dont just make something up lol
[12:31] {Threei} and tyou want to get in anyway
[12:32] {Threei} so may just as well give you more or less safe structure :)
[12:36] {magoo} whats your "feel" AIG in done or another burst coming?
[12:37] {Threei} I would watch it for setup with .60 break
[12:38] {magoo} so why dont u lol
[12:39] {Threei} mostly because I am totally focused on the sun reflection on the wall... it's fascinating, really..
[12:39] {Threei} it's moving ever so slowly...
[12:43] {larisa} your charts are spiky today ?
[12:43] {Threei} no... looks ok
[12:43] {larisa} k
[12:45] {Threei} ESLR
[12:45] {Threei} Evergreen Solar Inc In Cooperation with Export-Import Bank of United States, Offers Low-Interest Loans for Solar Projects Outside of United States
[12:45] {Threei} - announced it is working with the Export-Import Bank of the United States (Ex-Im Bank) to provide attractive low-interest financing for solar projects using Evergreen Solar panels outside of the United States. The program is intended to spur the export of U.S.-made renewable energy products and is part of a mandate in Ex-Im Banks Congressional Charter. Currently, Evergreen Solar customers have almost 90MW of projects in varying stages of the loan application process with Ex-Im Bank.
[12:45] {Threei} - For example, a solar project using $10M of Evergreen Solar panels would receive up to $8.5M in financing for the purchase of the solar panels and up to $3M to cover installation, design, engineering, inverting, racking and other installation-related expenses. Ex-Im Bank currently offers a 4.9% fixed interest rate over an 18-year period for solar installations outside of the United States.
[12:46] {Threei} is this a joke:
[12:46] {Threei} Economist Robert Shiller Surprised By Rise In Case-Shiller Index - WSJ (related IYH )
[12:48] {larisa} the one, that predicts home prices
[12:48] {larisa} i think
[12:48] {Threei} yeah but...
[12:48] {Threei} well, I think the matter is, Case designed the rising part of the index while Shiller - dropping one
[12:48] {Threei} sho it rises - Shiller is surprized... it dreops - Case is
[12:49] {magoo} sounds more like penn and teller desuigned it
[12:50] {Threei} I wanted to say LOL mags, but then changed my mind - noone even smiled to my joke, and it was funnier than yours
[12:50] {Threei} (I think)
[12:53] {Threei} server hiccup?
[12:54] {nemo} drinking again?
[12:54] {larisa} not for me
[12:54] {fernp} test
[12:54] {Threei} looks like mibbit
06[13:01] * nemo elbows sleeping Va
[13:01] {nemo} VAD
[13:02] {Threei} indirect bidders take 33% of competitive bids
[13:02] {nemo} not good
[13:02] {Threei} notes draw 108% with 21.59% alotted at the high
[13:03] {nemo} not much of a reaction yet
[13:04] {Threei} because in all honety, no one knows how to interpret them {G}
[13:04] {larisa} I thought i am the only stupid one :)
[13:04] {nemo} actually climbing
[13:06] {nemo} $ actually climbing, Resource stocks dropping
[13:11] {magoo} dip buyers return gfrom martini lunch
[13:11] {jfjf64} fcx damm missed
[13:15] {BillyD} any news to cause this spike?
[13:15] {BillyD} or just psychosis
[13:16] {larisa} can it be both? :)
[13:16] {BillyD} sure
[13:17] {jfjf64} cat ??
[13:18] {jfjf64} hig vol pkin up
[13:20] {Threei} JAZZ, stubborn buying
[13:21] {Threei} mags, you in still?
[13:22] {magoo} yea
[13:22] {Threei} not even partial at 1:1
[13:22] {Threei} ?
[13:23] {magoo} waiting .26
[13:24] {magoo} howabout RIMM vad?
[13:24] {Threei} no read
[13:26] {magoo} i thought u like cross of 76?
[13:26] {Threei} sheesh
[13:26] {Threei} kidding? :)
[13:27] {magoo} i took that
[13:27] {Threei} sigh
[13:27] {magoo} huh?
[13:27] {Threei} go away :)
[13:27] {magoo} im confused
[13:28] {Threei} as if you don't know, I'd never buy such sharp spike into resistance
[13:30] {larisa} how about its run from 75.60 and pullback exactly half way to 75.90, do not like this setup too? { just trying to wake you up}
[13:31] {Threei} I do... but I am really unclear on why you would want to wake me up
[13:32] {nemo} now that's dumb
[13:32] {larisa} caz lately it is becoming my favorite setup, want to share :)
06[13:32] * larisa slaps nemo around a bit with a large trout
[13:32] {Threei} by all means
[13:32] {nemo} I'm talking about Vad's comment
[13:32] {larisa} lol
[13:32] {larisa} sorry
[13:32] {Threei} nemo commented, what's the word nowadays... "stupidly"
06[13:32] * nemo ponders Larry's name on the DPWFL????
06[13:33] * nemo pencil or pen?
[13:33] {nemo} yeah, they're having a beer tonight. Poor Crowley is being set up for Grandstanding
[13:33] {Threei} yeah
[13:33] {Threei} but a lot of damage is done anyway
[13:34] {nemo} to Crowley, not to Gates
[13:34] {Threei} no
[13:34] {Threei} up to t-shirts saying 'I am with Stupidly",
[13:34] {larisa} so vad admit, that 76 cross on RIMM kinda make sense {a bit late entry}
[13:34] {Threei} or "Stupid is as Stupdily does"
[13:35] {nemo} I think I might have to get one of those
[13:35] {Threei} nope... not to me
[13:35] {nemo} you're a ruscanuck
[13:35] {nemo} I live right in the middle of this taurine excrement
[13:36] {Threei} guess who is on tv
[13:36] {nemo} George Bush?
[13:37] {Threei} you wish
[13:40] {larisa} vad you ever watch intraday what stock does on longer timeframe when looking for trade, or it is 1 min always?
[13:42] {Threei} no, i have daily chart for each of them as well
[13:43] {Threei} want to see where it is in a bigger picture
[13:43] {larisa} k
[13:43] {Threei} just to illustrate something,
[13:44] {Threei} look at JAZZ daily for the, let's say 6-7 months
[13:44] {Threei} quite something, right?
[13:44] {larisa} yeah
[13:45] {Threei} or IMMU
[13:45] {Threei} obviously I will take such play quite differently from DRYS
[13:46] {Threei} even though they are in the same price range
[13:46] {Threei} Fed's Yellen: Fed will not repeat mistakes in 60s and 70s where the Fed lost containment of inflation; now is not the right time for rate hikes
[13:55] {magoo} AMZN vad
[13:58] {Threei} looks like market is trying to do just what I said
[14:01] {Threei} CAT
[14:01] {Threei} watching for bounce off this pullback,
[14:01] {Threei} ideally closer to .70
[14:01] {ese} i'm back.......
[14:02] {ese} can't remember what you said vad?
[14:02] {Threei} first strength from here CAT
[14:02] {ese} bounce off pullback
[14:03] {Threei} [11:23] {Alert} Threei time for market to shake out the coma and remind everyone that rally is over when it's over - not when everyone says it's over
[14:04] {ese} tks
[14:04] {ese} is it just as hat over at your place as it is here.......
[14:04] {ese} hot
[14:04] {Threei} I think so
[14:05] {ese} brutal here..... over 30 cel
[14:05] {ese} and our new tennants are moving in tomorow in the house next door
[14:06] {ese} am going back and forth...back and forth
[14:08] {patel} watching anythign vad
[14:08] {Threei} Fed's Yellen: No double dip recession forecasted; Fed's continuance of Treasury purchases an 'open question' (related TLT SHY IEF )
[14:08] {Threei} CAT
[14:09] {Threei} (US) CFTC's Gensler: Recent reports of revisions to report on swap dealers was "premature," study found speculators had no major impact on run up in oil prices
[14:09] {Threei} - Note that overnight, the WSJ published an article stating that the CFTC plans to suggest speculators have played a role in the big swings in oil prices recently. This would have been a reversal of an earlier CFTC position.
[14:11] {_matt} are you in cat?
[14:11] {Threei} took .75
[14:11] {_matt} nice
[14:11] {Threei} this is so to speak unofficial alert
[14:11] {Threei} meaning,
[14:11] {jfjf64} .77 grrr to penny grrr
[14:12] {Threei} if you understand how to pay it, go ahead, comments I made are enough for you
[14:12] {Threei} if they are not - stay away
[14:15] {chiro} 3i, when you have a play like BCRX at 10.02, after locking in 1:1, how do you manage the rest of the trade?
[14:15] {Threei} most often:
[14:15] {Threei} sell half, trail stop to undcer breakeven,
[14:15] {Threei} sell 1/4 at 1"2
[14:15] {Threei} trail stop under 1:1
[14:16] {Threei} the decided between exiting into next spike or trailing
[14:17] {chiro} ...thnk u
[14:17] {Threei} sometimes therer are variations
[14:17] {Threei} depending on stock's strength, market strength, initial risk
[14:17] {Threei} but the way I described is routine
[14:21] {_matt} is that a cup and handle on cat?
[14:28] {ese} ohhhhhhh....mmmmyyyyyyy...god!!!!! get on with it for crying out loud....STLD...L .93 looking for more
[14:28] {Threei} kind of, yeah matt
[14:32] {Threei} HIG
[14:33] {Threei} watching for pullback
[14:33] {Threei} wasn't sure about 15 break... too bad
[14:33] {BillyD} the .01 offer was the key on it
[14:34] {BillyD} even hesitated then
[14:34] {Threei} well... hard to bring oneself to buy breakouts at this time of the day
[14:34] {BillyD} true
[14:35] {chiro} HGSI....the beast (if ur short) that won't die
[14:35] {Threei} BCRX also
[14:36] {ese} out stld .11 +.18
[14:37] {magoo} any read AMZN vad
[14:37] {Threei} no... stalking HIG
[14:38] {chiro} woot!!...scalped a .05 from IMMU....that was tedious
[14:41] {jfjf64} what thought process hig vad
[14:41] {Threei} I am flattered jf
[14:41] {jfjf64} lol
[14:41] {nemo} he thinks you think
[14:42] {Threei} yep... and that makes me feel flattered
[14:42] {Threei} but... dive to or just under 15
[14:42] {Threei} for entry
[14:42] {nemo} you talkin' hig
[14:44] {ese} ok to do some painting......see you all tomorow......
[14:44] {Threei} take care ese
[14:44] {Threei} 15 crossback
[14:44] {jfjf64} ?? hig
[14:44] {ese} see ya vad.........
[14:45] {Threei} with stop under the low it makes now before crossing back
[14:45] {Threei} this is "can take a few tries" type
[14:46] {jfjf64} lk thought process nice
[14:47] {Threei} you arwe interesting tyhpe jf... you like something that does not exist
[14:52] {Threei} a bit too far from 15 now
[14:52] {Threei} I'd look for another consolidation and trigger point
[14:52] {jfjf64} your call big guy
[14:53] {wulff} +1.35 RIMM
[14:53] {Threei} did he just call me fat?
[14:53] {Threei} wtg wulff
[14:53] {jfjf64} ya too funny
[14:53] {wulff} TY in at 75.60
[14:58] {Threei} BCRX feels bounce ready
[15:01] {Threei} market is still weak
[15:02] {jfjf64} hgsi
[15:03] {chiro} .another painful .08 from IMMU
[15:03] {Threei} we can feel your pain
[15:03] {Threei} feel free to share it with us
[15:04] {jfjf64} grrrrrrrrrrrrrrrrrr
[15:08] {_matt} what are you thinking on bcrx
[15:09] {Threei} they all just jumped
[15:09] {Threei} BCRX, HGSI
[15:09] {Threei} no clean setup
[15:09] {Threei} S&P publishes June performance update on US Subprime RMBS
[15:09] {Threei} - As of the June 2009 distribution date, total delinquencies were 42.87%, 51.62%, and 48.40% of the current aggregate pool balances for the 2005, 2006, and 2007 vintages, respectively. When compared with the May 2009 distribution date, delinquencies increased by approximately 1.07% for the 2005 vintage, 2.48% for 2006, and 1.00% for 2007.
[15:09] {jfjf64} nicelly put
[15:10] {jfjf64} i was afraid to buy hihg hgsi bammmmmmmmmmm another 10 cents
[15:10] {jfjf64} higs
[15:11] {jfjf64} hgsi sorry
[15:13] {dino} hmmm snda -14 point 5 days
[15:15] {jfjf64} what ya stalkin vad
[15:16] {Threei} not much jf... market is just moving up or down with no pattern
[15:16] {Threei} and notice the range
[15:17] {Threei} as much as it feels like market is moving, it's not really
[15:17] {Threei} with it being so narrow, I'd say we were lucky to find what we did
[15:35] {BillyD} HGSI
[15:35] {BillyD} so volatile though
[15:36] {dino} i type snda at 48.80s its now 50 and i missed it
[15:36] {larisa} wanted to ask you if you got it
[15:36] {larisa} capitulation was just after your alert
[15:37] {dino} i'm off this month. good thing vacation coming up. i need a break, clear my mind
[15:37] {Threei} when are you leaving for vacation dino?
[15:38] {dino} thursday the 30th, after market close. back the 10th for work
[15:39] {larisa} going some place nice?
[15:39] {dino} condo @ sunset beach, nc
[15:39] {dino} beach and golf
[15:39] {larisa} it is nice :)
[15:40] {BillyD} I'm already relaxing just hearing about it dino
[15:40] {larisa} you are too easy Billy :)
[15:40] {dino} :), i need it, burning out lately
[15:40] {dino} look snda now, drops 75 cents in flash
[15:41] {larisa} I did not play it also off the bottom , too wild
[15:41] {larisa} but was your type
[15:42] {dino} more chaotic than usual imo
[15:43] {larisa} agree
[15:45] {dino} that darn sock will trade backto 60s in a day or two, thats the pattern
[15:45] {dino} stock
[15:47] {dino} veco non-stop
[15:49] {BillyD} AGEN on the move lately
[15:50] {Threei} and no news
[15:50] {Threei} just like jazz
[15:51] {Threei} only less spectacular
[15:51] {Threei} I mean spiektakuoolar
[15:51] {BillyD} keep on tomorrows radar
[15:52] {Threei} X Considering implementing permanent shutdowns if demand does not recover - WSJ
[15:52] {Threei} huh?
[15:52] {Threei} permanent?
[15:52] {BillyD} who is X
[15:53] {Threei} Us Steel
[15:53] {Threei} no less
[15:53] {BillyD} wow
[15:54] {Threei} GM Exec: "Very seriously" looking to resume auto leasing next month (related F F.IT )
[15:54] {Threei} if he looked at it laughingly, I'd be more trusting
[15:54] {Threei} okay guys, everything's according to a plan so far
[15:54] {Threei} remember I said a short while ago,
[15:55] {Threei} this is how we will sail threough this July-August slowdown,
[15:55] {Threei} picky, carwefully, taking profits when we see them and staying on a sideline when the pickings are slim
[15:56] {Threei} day after day we go with mauybe not spectacular but steady and safe profits
[15:56] {Threei} thank you all, have a good eveining
[15:57] {Threei} see you tomorrow
[15:57] {larisa} bye:)
[15:57] {BillyD} cya
[15:57] {chiro} thnk u

Two misplaced logs for the last week:

Two logs for July 24 and 27 got accidentally poasted on the educational blog. I don't want to move them over since it would mess up the calendar order. Let them stay where they are, here are the URLs:


Let it just be reminder there is an educational blog as well (making lemonad out of lemons, ya know...)

Thursday, July 23, 2009

Jul 23 2009

Not too many trades but just one small stop (which turned to be a shakeout) with a few nice wins. CAT, RIMM, AAPL and FOTB worked fine.

Session Time: Thu Jul 23 00:00:00 2009

[07:50] {BillyD} gm
[08:22] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET
[08:22] {Threei} - Expectations for initial claims are 557K v prior release of 522K (range seen from 500K to 600K)
[08:22] {Threei} - Continuing claims seen at 6.390M v prior 6.273M. (range seen from 6.200M to 6.860M)
[08:24] {BillyD} hi Vad, see any news on SAY
[08:25] {Threei} no
[08:25] {BillyD} ty
[08:28] {cosmo} SNDK tries to get back up off the floor
[08:28] {cosmo} watch for 18
[08:30] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET
[08:30] {Threei} - Expectations for initial claims are 557K v prior release of 522K (range seen from 500K to 600K)
[08:30] {Threei} - Continuing claims seen at 6.390M v prior 6.273M. (range seen from 6.200M to 6.860M)
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 554K V 557KE; CONTINUING CLAIMS: 6.225M V 6.390ME
[08:32] {cosmo} SNDK needs to hold 17.50 ...for now
[08:59] {fernp} good morning everybody
[09:00] {Threei} fern :)
[09:00] {BillyD} hi fern
[09:05] {ese} good morning
[09:05] {Threei} ese
[09:06] {ese} fitb beats huge
[09:07] {Threei} Fifth Third Bancorp Reports Q2 $1.15 v -$0.34e (incl items) R$1.66B v $1.53Be (ex items)
[09:08] {Threei} Note: earnings include sale of approximate 51% interest in Fifth Third's processing business, resulting in a $1.8 billion pre-tax gain , or $1.1B after-tax gain
[09:19] {BillyD} Vad, what is on your radar
[09:20] {texus} morning all
[09:20] {dptl} good morning all
[09:21] {Threei} texus, dp :)
[09:21] {Threei} that's a good question Billy, I am trying to answer it for the last 5 min
[09:22] {dino} gm all
[09:22] {BillyD} nothing really sticks out....BCRX, SAY, OREX for short
[09:22] {BillyD} EBAY maybe
[09:25] {jfjf64} mornin all
[09:25] {Threei} dino, jf :)
[09:26] {Threei} well, FITB sticks out
[09:28] {cosmo} SNDK sticks in
[09:29] {Threei} lol
[09:29] {cosmo} 17.20 last nite fyi
[09:30] {_patel} good morning everyone
[09:31] {fernp} morning patel
[09:31] {Threei} patel :)
[09:34] {Threei} AMZN, watching for bounce
[09:34] {nemo} Double Top on FITB?
[09:35] {Threei} no... FITB is rather forming breakout pattern
[09:35] {Threei} AMZN too fast, couldn't alert in time
[09:36] {Threei} Long Setup: FITB 8.05
[09:36] {Threei} if holding above 7.90
[09:36] {magoo} morning
[09:36] {Threei} mags
[09:36] {magoo} what u got vad:)
[09:38] {Threei} FITB becomes bounce candidate, preferrably off 7.60
[09:38] {magoo} u see MEDX, i know news
[09:39] {Threei} buyout
[09:41] {jfjf64} fitb??
[09:41] {_patel} it is forming a cup. is it still valid for a long.
[09:42] {Threei} Long Setup: LLTC 27 break
[09:42] {Threei} if holding above ,90
[09:42] {Threei} FITB may reestablish itself as a break if not losing .90 anymore
[09:45] {Threei} LLTC no worky
[09:45] {magoo} SNDK crushed
[09:49] {fernp} ty Vad I am out FITB +.10
[09:49] {Threei} FITB, half out
[09:52] {Threei} 1/4 more out
[09:53] {Threei} stop for remaining portion to under 8
[09:54] {dino} sndk l .50 stop .35
[09:54] {cosmo} nice knife dino
[09:55] {magoo} missed rimm
[09:56] {nemo} LLTC
[09:56] {nemo} too late
[09:56] {Threei} shakeout...
[09:56] {wulff} Beautiful easy CAT missed
[09:57] {dino} to .70
[09:57] {wulff} was just going to write PALM 14 break
[09:57] {dino} lol cos
[09:58] {Threei} RIMM, pullback into 23.80 - .90 will be interesting
[09:58] {dino} out .70 sndk, +.20
[09:59] {Threei} existing home sales numbers are coming
[09:59] {nemo} probably going to be serious makeup on that pig
[10:00] {Threei} JUNE EXISTING HOME SALES: 4.89M V 4.84ME
[10:00] {Threei} (+3.6% M/M)
[10:00] {Threei} - prior revised from 4.77M to 4.72M
[10:00] {ese} dino ....opinions CELG
[10:01] {jfjf64} celg vad ya lk .75 break
[10:01] {Threei} if stays above .60
[10:03] {dino} wow esi -7, w big earnigs beat
[10:04] {ese} ya no rhyme or reason as per usual
[10:04] {jfjf64} lk hig 12.50 break after fact grrr
[10:04] {dino} ati l .45, stop .29
[10:06] {jfjf64} hgsi
[10:06] {Threei} watching RIMM, another leg down is likely here
[10:07] {Threei} BCRX
[10:07] {Threei} that's quite a pullback
[10:08] {ese} esi even raised guidance
[10:08] {Threei} tough thing though, didn't cooperate yesterday on bounces
[10:08] {BillyD} I tried at .03 and stopped on BCRX
[10:09] {ese} ati lookin good dino.....nice one
[10:10] {magoo} i keep missing AMZN entry
[10:10] {dino} out ati .68, +.23
[10:10] {wulff} Freaky CAT
[10:10] {Threei} no wonder mags
[10:10] {Threei} they all move in this manner today
[10:10] {ese} nice dino.....good one
[10:10] {jfjf64} nice dino
[10:11] {jfjf64} qcom
[10:11] {ese} hopefully on 25000 shs
[10:11] {Threei} pullbacks are not deep enough and breakouts are not what you want to play after such huge moves
[10:11] {Threei} look at RIMM
[10:11] {nemo} I guess the housing number made an impression
[10:11] {nemo} look at lltc
[10:12] {wulff} new houses for everyone!
[10:12] {jfjf64} mk ya wk today vad
[10:13] {BillyD} Vad, interested in BCRX if 8 is taken
[10:14] {wulff} SNDK .80 break
[10:14] {Threei} don't know what tyo say Billy
[10:14] {BillyD} same here
[10:17] {Threei} let's see: MS,
[10:17] {Threei} this breakout MUST be false
[10:17] {Threei} pullback into .60 is normal way now
[10:19] {ese} L altr .51
[10:19] {magoo} amzn read vad?
[10:19] {magoo} dow 9000
[10:19] {Threei} none mags
[10:20] {magoo} look SOMX
[10:20] {dino} crazy 12% straight up in markets
[10:21] {jfjf64} sndk vad??
[10:24] {Threei} don't see it as ling here jf
[10:27] {Threei} long I mean
[10:28] {Threei} US) Treasury Official: To tell China that recovery in the US will be slow, China can not rely on exports to the US for fast growth
[10:28] {Threei} - Reminder: US Treasury officials meeting with Chinese officals next week
[10:29] {Threei} RIMM
[10:29] {Threei} finally sizeable pullback
[10:29] {Threei} not sure on entry yet, watching
[10:31] {Threei} (CA) Bank of Canada Monetary Policy report: See recession ending in current quarter
[10:31] {Threei} - Have seen signs that US economic recession has reached its bottom
[10:31] {Threei} - Actions by the G20 have helped in recovery/stabilization of gloabal markets
[10:31] {Threei} - Commodities and weaker USD are seen as boosting CAD
[10:32] {Threei} NYSE volume 255M shares, about 8% below its three-month average; advancers lead decliners by 6.9:1.
[10:32] {Threei} - NASDAQ volume 715M shares, about 30% above its three-month average; advancers lead decliners by 2.9:1.
[10:33] {Threei} MS never gave that pullback
[10:34] {Threei} Long Setup: RIMM .50 break
[10:34] {Threei} if stays above .35
[10:35] {Threei} Long Setup: AAPL .50 break
[10:36] {Threei} stop under .30
[10:36] {Threei} AAPL 1:1
06[10:37] * Threei kicks RIMM in the rear
[10:38] {Threei} RIMM 1:1
[10:38] {magoo} out both TY
[10:38] {cosmo} AFFX 7.67 hod = high spike last nite fwiw
[10:38] {magoo} NICE
[10:38] {magoo} .65 rimm
[10:39] {BillyD} ty RIMM
[10:39] {BillyD} what a delay
[10:39] {_bradc} ty vad
[10:39] {Threei} welcome guys
[10:40] {Threei} yeah, that was a werid delay, usually it's more responsive
[10:40] {jfjf64} missed it
[10:40] {BillyD} reason I took the for sure 1:1
[10:40] {Threei} one one hand this kind of delay is a window of opportunity for entry,
[10:40] {wulff} rimm +.35
[10:40] {Threei} on another, if market turns before follower stock follows, can kill the play
[10:41] {Threei} overall, do realize guys:
[10:41] {Threei} tyhis kind of days with all their strength is not a best daytrading day
[10:42] {Threei} it's rather a day when investors having their positions sit back and smile
[10:42] {Threei} while we struggle to find entry
[10:44] {magoo} and weare conditioned to scalp out...and then mkts keep going..frustrates
[10:44] {Threei} LLTC, that was so rude
[10:45] {Threei} shae out by a few cents
[10:45] {Threei} then go 50
[10:45] {jfjf64} yup
[10:45] {_bradc} it did reward random bad behavior for those without stops,lltc
[10:45] {Threei} yup
[10:46] {Threei} that's how market gets you into thinking 'discipline hurts, I better abandon it"
[10:46] {wulff} you see HIG?
[10:46] {Threei} I do but I wish I didn't
[10:46] {wulff} easy.......
[10:47] {jfjf64} 12.50 ouchhhhhhhhhhhhhhhhhhhhhhhhhh
[10:48] {cosmo} AFFX tests 7.67 soon
[10:49] {cosmo} hmmm
[10:50] {jfjf64} tza l .21
[10:50] {nemo} rimm pulling back to support
[10:51] {jfjf64} die market die
[10:51] {Threei} {market} you don't like me... :(
[10:52] {cosmo} .... like 1999...
[10:55] {Threei} did you go for BCRX Billy?
[10:55] {BillyD} no
[10:56] {BillyD} was good setup but stock can frustrate you
[10:56] {_bradc} on a trending day like this would you be looking for pullbacks and play stocks in the general market direction?
[10:56] {BillyD} I took ver first break at .10 and sold last portion at .34
[10:56] {Threei} that's the idea brad
[10:57] {BillyD} you take BCRX Vad
[10:57] {Threei} no, lol
[10:57] {Threei} both AAPL and RIMM plays were structured just that way
[10:58] {ese} L altr...avg price .50
[10:58] {_bradc} ty
[10:58] {BillyD} It seems BCRX requiers more patience on entry
[11:00] {ese} altr breaking above 6 month high....this should take off
[11:00] {Threei} US TREASURY TO SELL $42B 2-YEAR, $37B 5-YEAR, $27B 7-YEAR NOTES AND $6B 20-YEAR TIPS
[11:04] {jfjf64} afl strong looks lk wants more
[11:04] {ese} there she blows....
[11:05] {jfjf64} dis hey mickey what uppppppppppppppp
[11:06] {wulff} was going to take RIMM.....40 stupid
[11:07] {ese} with the amount of people i saw in that park JF at the beginning of's profit.....thats whats up
[11:10] {BillyD} CKSW strong, if holds .10 & takes large .20 offer
[11:11] {Threei} Short Setup: HGSI .70 break
[11:11] {Threei} if stays below .85
[11:12] {Threei} .80 for scalpers
[11:12] {BillyD} no short
[11:12] {Threei} argh
[11:13] {BillyD} OREX is shortable although a pesky trader
[11:17] {jfjf64} altr ese yesssssss
[11:20] {ese} out altr .69 +.19 on 8k of it
[11:20] {wulff} looking for SNDK bounce
[11:20] {Threei} nice one ese
[11:22] {ese} tks....this one will be worth looking at over the next few days......good report and at 6 month high
[11:23] {magoo} lord vader..lets watch AMZN..nice pullbk in the making
[11:23] {dptl} hows charts on lazer ,Vad?
[11:25] {jfjf64} later guys gotta run
[11:25] {BillyD} cya jf
[11:25] {jfjf64} to da bank
[11:25] {Threei} take care jf
[11:25] {Threei} ro withdraw, to deposit or to rob?
[11:26] {jfjf64} later vad more pictures pls
[11:26] {Threei} just stopped dp
[11:26] {magoo} quote server 3
[11:26] {dptl} ty
[11:26] {magoo} chart i mean
[11:26] {BillyD} server # 1 works
[11:27] {Threei} yeah, restored
[11:31] {wulff} +.10 SNDK
[11:32] {dino} gj
[11:33] {dino} twm l .80, stop .60
[11:34] {magoo} um, lord vaderrrrrrrrrrrr
[11:35] {Threei} don't interrupt my grieving process mags... I am crying about HGSI short unavailability
[11:35] {Threei} because when this thing loses .60, you'll be crying too
[11:35] {magoo} VCI halted ..and has huge buy suide imbalance
[11:36] {magoo} RISKY as taking bacon off vads plate in vegas
[11:36] {cosmo} sqnm
[11:36] {Threei} Valassis Communications Inc Awarded $300M by Jury in lawsuit against First News American
[11:36] {Threei} - Company was awarded $300 million for compensatory damages in its lawsuit against News America Marketing (NAM), a subsidiary of News Corporation. In the trial, held in Michigan''s Wayne County Circuit Court before the Honorable Michael F. Sapala, Valassis claimed unfair competition and tortious interference by NAM. The jury''s verdict found NAM liable for both counts.
[11:36] {cosmo} 5.25 now
[11:37] {wulff} OK, a bit hasty sell on SNDK
[11:37] {magoo} im crying over AMZN bounce
[11:38] {magoo} RIMM holds
[11:38] {dino} twm stopped
[11:39] {wulff} needed to greedier
[11:39] {Threei} OK, grieving process is over
[11:40] {magoo} pass me a box of tissues
[11:40] {Threei} used them all, sorry
[11:41] {Threei} HGSI Hearing Piper Jaffray making positive comments
[11:41] {magoo} we need a walmart run
[11:41] {Threei} ALTR continues climbing aslowly
[11:41] {magoo} focus on AMZN please please..not saying takeit yet..BUT lets start watching it hard
[11:46] {magoo} VCI open
[11:46] {magoo} BOOM
[11:48] {magoo} QCOM moving
[11:51] {ese} l fitb .08
[11:53] {Threei} CH) US Treasury Official: China seems to be more willing to take action to "permanently reduce" its trade surplus
[11:53] {Threei} - FX rate is one tool for economic rebalancing that will be discussed with China.
[11:54] {magoo} [11:36] {magoo} VCI halted ..and has huge buy suide imbalance
[11:54] {magoo} [11:36] {magoo} RISKY as taking bacon off vads plate in vegas
[11:54] {Threei} I don't know why you limited it to vegas
[11:54] {Threei} trust me, it's just as risky in Skafway
[11:55] {Threei} Skagway
[11:55] {magoo} i know..i lost a finger in skagway remember?
[11:55] {Threei} ok, that wasn't me, lol
[11:57] {magoo} coulda been...tough accent..ungroomed..caring bottle of vodka..u sure
[11:57] {Threei} AMZN if anything, starts looking like short to me
[11:58] {ese} out fitb .15 +.07 don't even ask the shs
[11:58] {magoo} how many?
[11:58] {nemo} How many ese?
[11:59] {ese} 20
[11:59] {nemo} oh jeez
[11:59] {nemo} with a ,000 right
[11:59] {ese} right
[12:00] {ese} pattern that i reconized very well
[12:00] {magoo} roflol..says dont ask...look which two ask
[12:01] {ese} that is funny
[12:01] {BillyD} lol
[12:01] {BillyD} very
[12:01] {magoo} within seconds of each
[12:01] {Threei} so, when they say with some people the best way to make them jump from the bridge is to say it's forbidden...
[12:02] {Threei} we know who those "some people" in this room are right?
[12:02] {ese} thats even funnier
[12:02] {BillyD} room offers plenty of humor in slow periods
[12:02] {ese} definetly!!
[12:04] {magoo} HGSI ballistic cross 14
[12:04] {magoo} RIMM strong
[12:12] {magoo} sick cross RIMM..was .11 blew out shares .34 never saw it
[12:13] {magoo} thats why lay out
[12:22] {_bradc} Vad it seems that you have a real good feel for RIMM, is it one of your favorites?
[12:27] {Threei} well
[12:27] {Threei} it's just one of the most active stocks with obsevable patterns
[12:27] {wulff} when it works, yes
[12:28] {Threei} and more often than not it follows them
[12:29] {ese} L fitb .20
[12:31] {ese} out fitb .26 +.06
[12:31] {Threei} brad... see what ese is doing?
[12:31] {Threei} same setup based on the same chart pattern
[12:31] {Threei} time and again
[12:31] {magoo} ese, whos your broker?
[12:32] {_bradc} jump base explosion breaking .20, stop below .12
[12:32] {ese} watching ^compx as well...saw the comp shoot up...good possiblity that fitb was going to follow
[12:33] {ese} piece of sh&^% broker out of Toronto "Questrade"
[12:34] {magoo} u doinmg massive is commission killing u?
[12:34] {ese} no
[12:34] {magoo} 5 traders of 20k, 100k shares at 8/1000'
[12:35] {magoo} 800 bux commission..u pay l;ess?
[12:35] {ese} let me see if i can figure it out
[12:35] {BillyD} 160
[12:35] {Threei} mags... get filled on the offer, your commissions go down significantly
[12:35] {magoo} no no, i know ..was wondering his..just thruy oput example
[12:36] {Threei} liquidity rebate is a godsend for this kind of trading
[12:37] {ese} here it is mags
[12:37] {ese}
[12:38] {wulff} free trades on Wednesdays
[12:38] {BillyD} ese, so 9.95 per 20K shares right?
[12:38] {ese} yup
[12:38] {BillyD} smoking deal
[12:39] {ese} ya but the service and sometimes the fills aren't what they should be
[12:39] {BillyD} what is Amerotrade?
[12:39] {Threei} plus ECN
[12:39] {Threei} have a look:
[12:39] {Threei}
[12:40] {wulff} 9.95 for anything Amer.
[12:40] {Threei} no rebate for adding liquidity, charge for removing it
[12:41] {BillyD} so on ARCA would be about 89.95 for 20K
[12:42] {wulff} scalping on Amer can be expensive
[12:42] {ese} can be
[12:43] {Threei} I don't get it ese
[12:43] {wulff} for less than several thousand shares
[12:43] {Threei} this doesn't look like a good deal to me at all, honestly
[12:44] {BillyD} Ameritradde is 9.99 for 10K shares & do not see any ecn fees
[12:44] {Threei} yeah... wanna try that? :)
[12:44] {wulff} all told, do you average about 5$ a trade or so
[12:44] {wulff} ??
[12:44] {ese} your probably right vad i haven't sat down and crunched the numbers.....but hope to do that...have been considering broker change
[12:45] {wulff} no eCN w/ amer
[12:46] {Threei} guess why wulff
[12:46] {wulff} why?
[12:46] {Threei} hint: your fill prices are, ummm
[12:46] {ese} l fitb .25
[12:46] {wulff} I have not had any trouble actually
[12:46] {Threei} lwt's call them sub-optimal
[12:47] {wulff} just expensive
[12:48] {ese} oh oh ...should be following compx here but isn't.....oh oh
[12:48] {Threei} or just delay
[12:51] {Threei} policeman from Cambridge lashes out at president for wading into incident
[12:51] {Threei} really, I can't believe he did that
[12:51] {ese} out 1/2
[12:51] {Threei} labeling police action "stupid" and tying it into racial issues without knowing what happened there
[12:51] {ese} .22 -.03
[12:51] {nemo} He's probably getting screwed in the deal. That Harvard professor has made a career out of racial studies
[12:52] {nemo} they're buddies of Obama
[12:52] {Threei} yeah
[12:52] {Threei} but jeez, don't you expect more impartiality from president??
[12:52] {nemo} There's big money in the PR from this one
[12:52] {nemo} Yeah Right Vad...
[12:54] {Threei} 53% Now Oppose Congressional Health Care Reform
[12:54] {Threei} Just 25% Now Say Stimulus Has Helped The Economy, 31% Say it Hurt
[12:54] {Threei} 53% Say Obama is Partisan Democrat
[12:54] {Threei} and for a good measure:
[12:54] {Threei} 64% Say Baseball Players Today Are More Skilled Than 50 Years Ago
[12:54] {Threei} lol
[12:55] {Threei} good exit ese
[12:55] {Threei} you have highly developed feel of danger
[12:56] {BillyD} that is good fear stimulus
[12:57] {ese} tks
[12:58] {Threei} relentless climb continues
[12:58] {Threei} not my type of day at all
[12:59] {Threei} I am glad to be at all positive on this k,ind of days
[13:03] {_bradc} what kind of days do you prefer?
[13:04] {magoo} i prefer profitable days
[13:04] {Threei} lol
[13:04] {Threei} trending days are good, but there are different kinds of trend movement
[13:05] {Threei} what we have today is just straight slow up with no meaningful pullbacks
[13:05] {Threei} in this kind of movement you rarely find entry
[13:07] {Threei} Reid said no vote on health care bill untill they come back fromAugust recess
[13:10] {_bradc} do you measure your pull backs with a method like fibbonaci retracement or something else?
[13:11] {Threei} not really although when I look at my preferrable entries, they more often than not coinside with Fib levels
[13:26] {Threei} Long Setup: CAT .37
[13:26] {Threei} if stays above .25
[13:33] {patience} patience is waiting to put some money to bills to pay....what to do, what to do
[13:36] {BillyD} NDX C&H
[13:37] {dino} dino is mesmerized that no pullbacks have occured. really limiting opportunities for my style
[13:37] {nemo} cat not moving with the market
[13:38] {magoo} in cat
[13:38] {Threei} I wanted to kick CAT in the rear but then realized it would be brutality toward animal
[13:39] {fernp} in CAT too
[13:39] {magoo} l amzn too here
[13:39] {Threei} here kitty kitty kitty
[13:43] {Threei} I like cats
[13:43] {BillyD} allergic to them, but ok here from a distance
[13:43] {Threei} not sure about potwential guys, maybe let's lighten up here
[13:45] {BillyD} out here thx Vad
[13:47] {magoo} out .47 TY DL
[13:47] {magoo} in .33
[13:48] {magoo} stoppedamzn
[13:49] {fernp} ty Vad. out .47
[13:50] {Threei} :)
[13:55] {BillyD} you sell all CAT Vad
[13:55] {Threei} half
[13:55] {Threei} offering second half .55
[13:56] {BillyD} lol.......just want taht extra penny
[13:56] {BillyD} new high
[13:57] {Threei} stop under .30, I am safe here
[13:57] {Threei} under .40, sorry
[13:58] {magoo} held well
[13:58] {BillyD} our friend BCRX
[13:58] {Threei} your choice of friends, Billy...
[13:58] {Threei} Fed's Fisher: Inflation is not an issue in the short term; concerned about inflation pressure
[13:58] {Threei} - sees Shipping and Rail sectors will be leading indicators.
[13:58] {Threei} - notes financial markets are showing a better tone.
[13:59] {wulff} +.40 CTRP
[13:59] {BillyD} lol
[13:59] {Threei} okay CAT, I got it
[13:59] {Threei} you no likey to be milked
[14:00] {Threei} BCRX new high
[14:00] {Threei} no news
[14:00] {Threei} shrug
[14:00] {Threei} just buy damn thing and put sell at 9, lol
[14:00] {BillyD} and stop 7.5
[14:00] {wulff} been watching that all day
[14:01] {wulff} turned my head one minute
[14:02] {wulff} VAD, got a speeding tkt in Bellingham
[14:02] {Threei} yikes
[14:02] {wulff} $150
[14:02] {wulff} 40 in 25
[14:04] {Threei} be back in 20
[14:09] {BillyD} CKSW any news for drop
[14:14] {fernp} no news in DJ news Billy
[14:14] {BillyD} ty fern
[14:14] {BillyD} I couldn't enter w/out knowing with that continous drop
[14:30] {Threei} Wednesday, July 22, 2009 3:03:32 AM
[14:30] {Threei} Click Software Reports Q2 $0.09 (adj) v $0.07e, R $14.4M v $13.7Me
[14:31] {Threei} Treasury sends proposal for resolution authority to Congress
[14:31] {Threei} - plan would give the Treasury the power to appoint the FDIC or SEC to rescue or unwind failed financial firms.
[14:31] {Threei} - seizure of a large firm would have to be authorized by a two-thirds vote of the Fed, FDIC and SEC boards followed by Treasury approval.
[14:31] {Threei} - banks with more than $10B in assets would pay examiner fees based on their size and complexity.
[14:31] {BillyD} thx Vad....
[14:32] {Threei} guess who is on TV
[14:36] {magoo} thought CAT had more..held real well
[14:36] {Threei} yeah but sdrop under original entry was not good for holding
[14:36] {Threei} reentry was possible of course...
[15:01] {ese} he is not.....he is skulking..........fitb
[15:01] {magoo} .
[15:04] {magoo} ..
[15:05] {ese} ...-- ..-- .-. morse code maybe
[15:06] {magoo} hey..why u still here?
[15:06] {magoo} lol
[15:06] {ese} still have 10k of fitb that i'm watching
[15:07] {ese} will exit at the end of the day
[15:20] {dptl} have a great evening all
[15:20] {Threei} take care dp
[15:21] {BillyD} Vad, that kitty cat makes me want to put the boots on
[15:21] {Threei} PETA is watching Billy
[15:21] {BillyD} lol
[15:22] {ese} see ya dp
[15:34] {Threei} CAT lost all connection to the market
[15:34] {magoo} CAT not even flinching with mkt pullbk
[15:34] {Threei} to Earth
[15:34] {Threei} to Solar system
[15:34] {Threei} to reality
[15:34] {Threei} to gravity
[15:39] {dino} .
[15:40] {Threei} second day I have this feeling that BCRX is far from done, and it does go up,
[15:40] {Threei} but does it in a way that I can't grasp
[15:41] {BillyD} smart $ accumulating it seems
[15:41] {BillyD} or manipulated $ building for secondary
[15:43] {BillyD} it doesn't matter, no read, no play
[15:48] {Threei} okay guys, going to call it a day
[15:48] {Threei} no intention to force any trades on last minutes
[15:48] {Threei} have a good evening, see you tomorrow
[15:48] {BillyD} bye vad
[15:48] {fernp} good nite all
[15:49] {magoo} ty bossasaurus

Wednesday, July 22, 2009

Jul 22 2009

Very nice morning with three quick wins, then things got dull. MS, HIG, SBUX worked like charm.

Session Time: Wed Jul 22 00:00:00 2009

[08:00] {Threei} Wells Fargo & Co Reports Q2 $0.57 v $0.34e, R$22.5B v $20.5Be
[08:01] {Threei} NVAX Announces Selection of a Respiratory Syncytial Virus Vaccine Candidate for Advanced Preclinical Studies (3.19, 0.00, 0.00%)
[08:02] {Threei} MS Reports Q2 -$1.37 v -$0.49e, R$5.4B v $5.35Be
[08:03] {Threei} ONXX Study shows Nexavar in combination with Chemotherapy helps fight breast cancer (31.62, 0.00, 0.00%) (related BAY.GE )
[08:04] {Threei} grabbed MS short at 26.93 :)
[08:05] {Threei} covered +1
[08:05] {BillyD} gm
[08:05] {Threei} Billy :)
[08:05] {BillyD} nice already
[08:05] {Threei} big earnings miss
[08:06] {Threei} ONXX nothing was available when news came out
[08:06] {Threei} and WFC was confusing
[08:06] {Threei} looked as long first few seconds, then reversed hard
[08:11] {BillyD} u watching wfc
[08:11] {Threei} too wild
[08:12] {BillyD} doesn't give clear direction
[08:12] {BillyD} you pick MS up on news scanner
[08:17] {Threei} yes
[08:17] {Threei} 08:02] {Alert} Threei MS Reports Q2 -$1.37 v -$0.49e, R$5.4B v $5.35Be
[08:30] {JohnK} gm folks
[08:30] {Threei} Jonh :)
[08:30] {Threei} *(CA) CANADA MAY RETAIL SALES M/M: 1.2% V 0.5%E; EX AUTO M/M: 0.7% V 0.5%E
[08:30] {BillyD} Hi John
[08:41] {magoo} morning
[08:41] {BillyD} magoo
[08:41] {Threei} mags :)
[08:42] {magoo} hi vad..what u watchin?
[08:42] {Threei} MS, WFC, BCRX, HGSI
[08:43] {magoo} i see financial down..reports bad?
[08:43] {Threei} caught MS short earlier
[08:43] {Threei} yeah
[08:43] {magoo} nice
[08:45] {BillyD} BCRX shortable
[08:50] {magoo} yea
[08:52] {nemo} awi[awa jq
[08:52] {nemo} I feel like Mags writes
[08:54] {Threei} nemo :)
[08:57] {fernp} good morning everybody
[08:57] {Threei} fern :)
[08:57] {BillyD} HGSI holds it gap fairly well
[08:58] {nemo} fcx and rimm currently nice dbi formations, well fcx dropping as I write this
[08:59] {Threei} stop writing, maybe it'll stop dropping
[09:00] {magoo} CAT heading down
[09:09] {cosmo} SBUX hod
[09:09] {cosmo} 16.30 spike last night
[09:10] {Threei} Yesterday 16:05 SBUX Reports Q3 $0.24 v $0.19e, R $2.4B v $2.38Be
[09:10] {Threei} - Q3 US SSS -5%, International SSS -2%
[09:10] {Threei} - Q3 US Operating Margin 8.5% v -0.8% q/q
[09:10] {Threei}
[09:10] {Threei} and couple upgrades
[09:12] {cosmo} SBUX should hold 16
[09:13] {Threei} {SBUX} don't tell me what to do
[09:13] {cosmo} needs to hold 15.90 imo
[09:15] {dino} gm all
[09:16] {Threei} dino :)
[09:18] {dptl} good morning all
[09:19] {Threei} dp :)
[09:20] {magoo} vad, look ONXX
[09:22] {Threei} [08:03] {Alert} Threei ONXX Study shows Nexavar in combination with Chemotherapy helps fight breast cancer (31.62, 0.00, 0.00%) (related BAY.GE )
[09:23] {ese} good morning.........
[09:24] {dino} fuqi
[09:24] {BillyD} ese :)
[09:24] {fernp} ese
[09:24] {Threei} ese :)
[09:24] {ese} howdy boyzzzza.....
[09:24] {Threei} FUQI International Offering 4.5M shares (20.4% of shares oustanding)
[09:24] {Threei} - will also grant a 30-day option to the underwriters for the purchase of up to an additional 675,000 shares of common stock to cover over-allotments.
[09:26] {Threei} so far MS formed resistance at 26.50
[09:26] {Threei} let's see if we get a short setup
[09:28] {jfjf64} mornin all
[09:28] {Threei} jf :)
[09:28] {_patel} good morning traders. Today is my 1st day in this chat
[09:28] {BillyD} welcome
[09:29] {Threei} morning payel, welcome
[09:29] {Threei} patel, sorry
[09:29] {nemo} forgive Vad's typing
[09:29] {nemo} it's always like that
[09:29] {_patel} lol
[09:29] {Threei} yup
[09:29] {Threei} too bad you haven't started yesterday, LOL
[09:30] {jfjf64} patel mk money early fun later welcome
[09:30] {cosmo} FUQI heals it seems
[09:30] {nemo} first time I ever saw someone type with a Ukranian accent
[09:30] {Threei} .short ms .30 break half lot
[09:30] {cosmo} oops
[09:30] {Threei} Short Setup: MS .30 break half lot
[09:30] {Threei} stop above .50
[09:33] {Threei} invalidated
[09:35] {Threei} wow SBUX
[09:35] {Threei} pullback into .30 is long
[09:35] {cosmo} drink-up
[09:36] {nemo} ms collapsed
[09:36] {nemo} has ms I guess
[09:36] {jfjf64} sbux??
[09:36] {Threei} well, no setup on MS that we could utilize
[09:36] {nemo} understood
[09:37] {Threei} jf... don't scream at me that early...
[09:37] {Threei} [09:35] {Threei} wow SBUX
[09:37] {Threei} [09:35] {Threei} pullback into .30 is long
[09:38] {jfjf64} afl vad ya lk
[09:38] {Threei} 33 break...
[09:38] {Threei} could be
[09:38] {Threei} too fast eh
[09:39] {jfjf64} y
[09:39] {Threei} see if pulls back under 33
[09:39] {jfjf64} hig also
[09:39] {Threei} Long Setup: SBUX .55 if stays above .45
[09:39] {nemo} oops
[09:40] {jfjf64} missed
[09:40] {Threei} sheesh... things are hectic
[09:40] {Threei} yeah, too fast
[09:40] {nemo} ms had a short setup support for 3 minutes
[09:40] {jfjf64} orex lk
[09:40] {nemo} kinda' repeat yesterday morning
[09:41] {Threei} OREX... .89 break
[09:41] {Threei} very risky one
[09:42] {Threei} Long Setup: HIG 12 break
[09:42] {Threei} support is .95 or .90, both a valid
[09:44] {Threei} SBUX
[09:44] {Threei} pulling back for entry
[09:44] {Threei} first strength from here
[09:44] {Threei} .56 long trigger
[09:45] {Threei} if stays above .45
[09:47] {Threei} 1:1
[09:47] {fernp} ty
[09:47] {BillyD} out ty
[09:47] {Threei} finally, got one
[09:47] {nemo} ty
[09:47] {Threei} 1:2
[09:47] {magoo} in orex
[09:48] {JohnK} great trade SBUX thx T :)
[09:48] {Threei} welcome
[09:48] {Threei} good illustration to "let the price come to you"
[09:48] {jfjf64} cafe latte for alll ty ty ty
[09:48] {JohnK} still waiting for HIG
[09:49] {Threei} HIG is taking its sweet time
[09:49] {Threei} MS is back into resistance
[09:49] {Threei} no read on it
[09:49] {Threei} weird moves
[09:50] {Threei} you got OREX on pullback into trigger mags?
[09:50] {magoo} yea
[09:50] {Threei} sold any yet?
[09:50] {Threei} nice jump after your entry
[09:51] {nemo} in hig
[09:51] {JohnK} me too
[09:51] {Threei} Long Setup: RIMM .80 break
[09:52] {Threei} if stays above .65
[09:52] {Threei} HIG 1:1 for hardcore scalpers
[09:52] {fernp} ty again
[09:52] {Threei} :)
[09:53] {ese} wfc beats the street and gets trashed.......
[09:53] {Threei} SEC Schapiro: would be helpful for congress to pass legislation requiring mandatory registration by credit rating agencies
[09:53] {Threei} RIMM 1:1
[09:53] {Threei} 1:2
[09:53] {magoo} 08 rimm TY
[09:54] {JohnK} out of both HIG and RIMM thx T great day so far :)
[09:54] {Threei} good job John
[09:54] {BillyD} ty RIMM
[09:54] {jfjf64} out rimm
[09:54] {Threei} is summer over?
[09:54] {BillyD} let's pray
[09:54] {Threei} sure trading yesterday and today feels like it
[09:54] {ese} nice job on Hig john
[09:54] {Threei} fast, furious, determined
[09:54] {magoo} out OREX here TY
[09:55] {Threei} RIMM explosion
[09:55] {jfjf64} blackberrys for all and latte
[09:55] {Threei} lol
[09:55] {jfjf64} lol
[09:55] {JohnK} thx ese - I had some help :)
[09:55] {Threei} jf... do I have a surpise for you
[09:55] {jfjf64} more pictyures
[09:56] {Threei} YES!
[09:56] {Threei} lol
[09:56] {jfjf64} ya readin is on pictures for all
[09:56] {Threei} most of all I am happy that I felt this spike of activity coming... remember my Monday warning that market is pregnant with something big?
[09:56] {Threei} tells me I am not fully numb despite coma
[09:57] {BillyD} good read
[09:57] {wulff} never fails to amaze me
[09:57] {BillyD} keep up the good work!
[09:57] {jfjf64} ya still im rimm
[09:57] {Threei} HIG... move 3-5 cents more, will ya?
[09:57] {nemo} I scalped and a half @ .08
[09:58] {jfjf64} ese buy 50000 shares for us
[09:58] {chiro} ss WFR 20.53
[09:59] {Threei} stop above .60?
[09:59] {Threei} or you are keeping it wider for bigger move?
[09:59] {Threei} MAY HOUSE PRICE INDEX (M/M): 0.9% V -0.2%E
[09:59] {Threei} - prior revised from -0.1% to
[09:59] {Threei} wow
[10:00] {Threei} good boy HIG
[10:00] {Threei} 1:1 for those who kept stop under .90
[10:00] {chiro} stop BE...out partial @ .39
[10:00] {Threei} 1:2 for .95ers
[10:01] {Threei} Fed's Bernanke repeats testimony from Tues
[10:01] {nemo} that housing number rocketing the dow
[10:01] {Threei} why, they didn't get it first time?
[10:01] {magoo} out hig .12 TY vad
[10:01] {magoo} out sbux .94 ty vad
[10:01] {Threei} welcome mags... didn't think you'd play it
[10:01] {Threei} slow one, not really your type
[10:01] {magoo} i know
[10:01] {magoo} torture
[10:02] {Threei} now SBUX... yeah, it's caffeine loaded and is totally yours
[10:02] {magoo} but had sbux rimm hgsi to keep me busy
[10:02] {BillyD} good hold on SBUX mags
[10:02] {Threei} okay, daytraders get almost 1:2 on HIG,
[10:02] {Threei} so make up your mind:
[10:02] {Threei} full out or 1/4 and trail
[10:02] {nemo} look at ms
[10:03] {Threei} I don't want to
[10:03] {BillyD} MS like nothing ever happened
[10:03] {Threei} US Treasury's Wolin: markets showing signs of stabilization
[10:03] {Threei} that's the advantage of ms, billy
[10:04] {Threei} hey... that was a good joke... have nercy anyone
[10:04] {Threei} ms
[10:04] {Threei} as in multiple sclerosis?
[10:04] {Threei} sigh...
06[10:04] * Threei leaves this world for monastery
[10:05] {Threei} see you in three years
[10:05] {jfjf64} sbux settin up again
[10:05] {Threei} good bye cruel workld
[10:05] {nemo} I[09:36] {nemo} ms collapsed
[10:05] {nemo} [09:36] {nemo} has ms I guess
[10:05] {Threei} great nemo... not only we have similar sense of humor,
[10:05] {Threei} no one underdtand or appreciates either of us
[10:06] {nemo} Yeah, ask my ex
[10:06] {jfjf64} fmbi
[10:09] {Threei} adrenalin deprived, keep an eye on HGSI
[10:09] {Threei} inching toward yesterday's high
[10:11] {jfjf64} ms wow
[10:12] {jfjf64} orex pullbk
[10:13] {wulff} RIMM looks too obvious
[10:14] {chiro} out WFR +.25
[10:15] {fernp} gj chiro
[10:16] {BillyD} Vad SBUX here over .81
[10:16] {BillyD} too late
[10:16] {magoo} oh shit look OREX
[10:16] {Threei} not sure about it Billy
[10:16] {Threei} yeah, OREX went postal on us
[10:16] {BillyD} maybe more PB
[10:17] {nemo} market weakening hig holding
[10:18] {jfjf64} yes nemo
[10:18] {BillyD} HIG surprised me
[10:19] {nemo} scalper reentry .21 break after tht big orer?
[10:19] {nemo} that, order
[10:19] {BillyD} RIMM bounce area
[10:19] {Threei} trying to make my peace with the fact that it looks too perfect nemo
[10:20] {nemo} if holds .15
[10:20] {nemo} or .14
[10:22] {nemo} so much for that
[10:24] {jfjf64} rimm
[10:27] {BillyD} AFL .51
[10:30] {jfjf64} billy d ya want trigger at 33.51 afl
[10:30] {Threei} DOE CRUDE: -1.8M V -2ME; GASOLINE: +813K V +750ME; DISTILLATE: +1.2M V +1.5ME
[10:30] {BillyD} thinking about it, will need mkt help, also wanted it to hold .40
[10:31] {magoo} rimm short vad?
[10:32] {BillyD} AFL invalidated for me
[10:32] {Threei} can't tell mags
[10:32] {Threei} bounce is equally likely here
[10:33] {magoo} read on HGSI?
[10:35] {Threei} none here but will be watching for bounce if dives under 14
[10:35] {Threei} alternatively, some consolidation under .20, then break
[10:38] {BillyD} SBUX pretty strong considering mkt PB
[10:41] {BillyD} OREX may have more
[10:41] {jfjf64} 92000 just went through orex
[10:42] {jfjf64} lot buyers
[10:42] {magoo} whats news OREX
[10:42] {jfjf64} and sellers
[10:42] {magoo} becomiong a HGSI
[10:42] {jfjf64} lol
[10:42] {BillyD} was hoping for more consolidation on it
[10:43] {Threei} 20 Jul 2009 06:59 OREX Contrave Phase III program meets co-primary and key secondary endpoints
[10:43] {Threei}
[10:43] {magoo} ty
[10:43] {jfjf64} .30 break looks lk it was set up
[10:43] {Threei} SEC's Shapiro: Will make a decision with regards to short sales within the next two months; still considering circuit breakers and reinstatement of uptick rule - Q&A
[10:44] {jfjf64} tarr and feather shapiro get a life
[10:45] {Threei} this is so funny
[10:45] {Threei} with everything that is going on they waste the time and effort on this irrelevant bs?
[10:46] {nemo} Yes, and No...we know it doesn't mean diddly...but the masses are calling for action. You throw them a bone, so they can go back home, watch TV, and drink beer
[10:46] {jfjf64} market showin life and they want to fixx it
[10:46] {Threei} masses don't are when market goes up
[10:47] {Threei} and it did - even though all the short selling rules are in place
[10:47] {jfjf64} sound lk me nemo comon
[10:47] {BillyD} shorts help mkt go up....educate the masses
[10:48] {BillyD} OREX makes the .12 breakout play look easy now
[10:48] {nemo} You can't educate the masses...they're dumb. Paradoxes are beyond them
[10:49] {jfjf64} lookin at that how did i miss that
[10:49] {BillyD} it was spike from .87 - 9.03 for that kept me out
[10:50] {Threei} well, it's right back into that level
[10:53] {jfjf64} vad usb tk look
[10:54] {Threei} don't know
[10:59] {magoo} bib bouncerimm
[10:59] {magoo} sigh typing
[11:03] {magoo} rimm again
[11:07] {_patel} quick question? with me trading small (100 to 400) shares. How should I take profits? Close the position or take partials.
[11:08] {Threei} not much room for partials with 100 shares...
[11:08] {Threei} it's a training size really, not money making size
[11:08] {_patel} well, threei, I like your risk reward
[11:08] {_patel} so i probably be doing 500 shares.
[11:08] {Threei} just not at once
[11:09] {Threei} there is a procedure for defining yor position size,
[11:09] {Threei} and for gradual increase of it
[11:09] {magoo} amzn read vad?
[11:09] {Threei} none here mags, things lost the drive for now
[11:17] {Threei} ok... activity died down for a while
[11:17] {Threei} jf
[11:18] {Threei} drum roll
[11:18] {Threei}
[11:18] {ese} i can do that drum roll
[11:18] {Threei} :)
[11:18] {Threei} you'll recognize the place ese
[11:19] {dino} major tech issues, ughhhhhhhh
[11:19] {ese} kind of
[11:20] {Threei} Beacon Hill park, from the Douglas rd entry
[11:20] {ese} ahhhhh....i wouldn't have got that
[11:21] {jfjf64} very nice vad nice
[11:21] {Threei} ty
[11:21] {ese} those are very good pictures though vad......
[11:21] {ese} artistically well done
[11:21] {BillyD} Vad, a second calling
[11:22] {jfjf64} for sure dont leave us yet
[11:22] {Threei} sorry jf, that monastery is settled deal
[11:23] {ese} ya right!!!!! with stocked vodka cabinet.......
[11:24] {jfjf64} vad all kiddin aside showw us the GOOD pictures
[11:24] {Threei} and you should see the nuns...
[11:24] {ese} ouch!
[11:24] {fernp} nice pics, Vad
[11:24] {Threei} sorry jf, what you and magoo consider good pictures is not suitable for the family room {G}
[11:25] {Threei} ty fern
[11:25] {jfjf64} always fun here mk cash early hv fun i cd live with this
[11:26] {jfjf64} good adrenline rush earlier
[11:26] {Threei} we cd too espcly if you strtd typng whole wrds
[11:26] {BillyD} roflol
[11:28] {jfjf64} genz vad any read
[11:29] {Threei} well
[11:29] {Threei} formally, .65 is long trigger
[11:29] {Threei} stock calls for half lot
[11:30] {Threei} reliability of it here is questionable
[11:30] {Threei} I personally will skip this one
[11:37] {jfjf64} genzin .68
[11:38] {jfjf64} out .78
[11:38] {Threei} stinkin' scalper
[11:39] {magoo} hgsi losdt 14
[11:39] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
[11:39] {Threei} see GENZ?
[11:39] {Threei} thin stock...
[11:39] {Threei} moves easily
[11:44] {magoo} like pulp
[11:46] {jfjf64} im outta here my friends ty vad
[11:46] {Threei} take care jf
[11:47] {fernp} bye jf
[11:47] {jfjf64} goin to get me a latte at sbux
[11:48] {BillyD} OREX maybe if takes .20 with some action
[11:54] {nemo} DB on cat?
[11:54] {nemo} or higher low
[11:57] {BillyD} small range today so far
[12:02] {BillyD} Vad, see any worthwhile setup forming ob SBUX
[12:02] {BillyD} besides a first B?O
[12:02] {BillyD} B/o
[12:03] {Threei} b/o is it
[12:03] {Threei} 17.10 break if hlding above 17
[12:03] {Threei} how reliable it is at this time of the day, I'll leave to your discretion
[12:04] {BillyD} lol............why I am asking you
[12:04] {BillyD} marginal
[12:05] {Threei} let's say 52/48 :)
[12:05] {BillyD} BCRX holds a tight range here, could be something later off .80
[12:05] {BillyD} lol
[12:17] {Threei} lol... really takes patience eh
[12:17] {Threei} but... so far so good
[12:17] {Threei} and 1:1 is coming
[12:17] {BillyD} never took it
[12:18] {Threei} okay
[12:18] {BillyD} it held very strong on mkt PB
[12:18] {Threei} yup
[12:18] {Threei} 1:1
[12:18] {Threei} crying yet?
[12:19] {BillyD} .18 is the high from 8/15/08
[12:19] {Threei} gosh... you dig deep {G}
[12:19] {BillyD} nah...I did try at .14 but it jumped too dfast after it hekd
[12:19] {BillyD} maybe too deep.........
[12:19] {Threei} hehe
[12:19] {BillyD} lol
[12:21] {Threei} 1:2 is on horizon
[12:21] {BillyD} I'm crying
[12:22] {Threei} tell me when to shut up
[12:22] {Threei} :)
[12:22] {BillyD} I didn't realize you put so much emphasis on that extra 2% as confidence 52/48
[12:23] {Threei} lol
[12:24] {BillyD} I am always learning something new
06[12:26] * Threei whispering "1:3 is coming"...
[12:26] {magoo} which stok?
[12:27] {BillyD} this is good conditioning....ty
[12:27] {ese} am outa here today....have a tee time in 1 hour catch ya tomorow
[12:27] {BillyD} SBUX magoo
[12:27] {Threei} take care ese
[12:27] {fernp} bye ese
[12:28] {Threei} (US) House Speaker Pelosi (D): There are enough votes to pass the healthcare bill in the House
[12:28] {Threei} - intend to have a vote on the bill some time next week; waiting to see what the Senate is doing. (related IYH )
[12:28] {BillyD} MKT help big time on SBUX
[12:31] {dino} supx
[12:32] {dino} l .83 stop .71
[12:32] {dino} safm, ati, aan
[12:33] {dino} working backwards on old system
[12:33] {BillyD} scalping dino
[12:34] {dino} yeah, out of it a bit today
[12:36] {BillyD} look at HIG
[12:36] {BillyD} another one proved me wrong for thinking
[12:42] {Threei} well
[12:42] {Threei} by now you know thinking is not good for you
[12:43] {BillyD} yes
[12:45] {dino} supx stopped
[12:57] {dino} twm l .39 stop lod
[13:09] {BillyD} BCRX
[13:17] {fernp} SBUX new high
[13:20] {Threei} amazingly sustainable movement
[13:21] {Threei} and BCRX... it starts looking like another run in the making
[13:24] {dino} will they do 11 in a row up?
[13:41] {larisa} i think all time record is 19 days for Nasdaq
[13:41] {Threei} realy?
[13:41] {Threei} when?
[13:41] {Threei} I bet 1999!
[13:42] {larisa} 1979 i think, but i am not sure, read that article long time ago
[13:42] {Threei} lol, whole 1999 in my memory is one movement up
[13:43] {Threei} of course my memory doesn't go further than 3 days ago
[13:43] {Threei} so don't rely on it
[13:49] {Threei} BCRX...
[13:50] {Threei} 8.02 break long half lot
[13:50] {Threei} if stays bove .90 - .95 zone
[13:51] {Threei} has a chance to go loco
[14:09] {Threei} yawn
[14:10] {dino} out twm .70, +.31
[14:11] {nemo} out bcrx
[14:15] {BillyD} mkt got tight again after this morning
[14:17] {BillyD} OREX holds .90 well, worth a shot short if breaks it
[14:20] {Threei} summer returned this afternoon, lol
[14:35] {dino} safm hl l .80
[14:38] {_bradc} If your triggers hit and get stopped is it a valid play the other way?
[14:38] {Threei} often yes
[14:39] {Threei} unless it's decisively against the market direction, most setups are two-sided
[14:39] {Threei} meaning, invalidation can be taken as trigger to play the opposite way
[14:40] {Threei} I prefer to play invalidation rather than stop for this
[14:40] {Threei} less chance for a shakeout
[14:41] {_bradc} in a ranging market it seems that if the trigger hits goes weakly and you do not enter and wait for invalidation it seems to give a confirmation of the invalidation direction
[14:42] {Threei} often, yes
[14:43] {Threei} another scenario is, you do not enter, it moves 40 cents with no pullback and you rip the hair of your head... enter SBUX break at 17.10 :)
[14:44] {_bradc} what do you mean you 'prefer to play invalidation rather than stop'?
[14:44] {nemo} rimm vad
[14:44] {nemo} winkle
[14:45] {Threei} meaning, I prefer to play agaianst original setup direction if it gets invalidated - stoo level is hit before the trigger,
[14:45] {Threei} rather that stop where it's (stop) is hit after trigger
[14:45] {Threei} invalidation does no harm, just cancels the setup
[14:45] {Threei} stop is actual stop
[14:50] {cosmo} CKSW tests 8 hod soon
[14:51] {cosmo} 8 wall
[14:52] {Threei} LLTC...
[14:53] {Threei} if market repeats big uopward spurt, this one has a chance
[14:56] {larisa} when did we have big one.. just checking :)
[14:56] {Threei} can't get rid of feeling BCRX is not done
[14:56] {Threei} UBSS 8.01 order just begs for a play
[14:57] {BillyD} like yesterday at .51
[14:58] {Threei} right
[14:59] {Threei} 6.5K at .86 taken
[15:00] {Threei} Shoppertrak: May and June Mall traffic is unchanged, foot traffic in malls is at pre-recession levels (related RTH )
[15:01] {Threei} guess who is coming on TV
[15:01] {_mikej} bcrx short or long
[15:02] {Threei} neither so far
[15:02] {Threei} l,ong if takes that huge offer at 8.01
[15:04] {Threei} turns into bounce play if this offer at .77 is taken
[15:05] {Threei} stop under .70
[15:06] {Threei} nope, no go
[15:09] {BillyD} just enough to shake
[15:09] {Threei} prone to do that... that's why I alerted to half lot
[15:11] {dino} safm to flat
[15:14] {dino} stopped
[15:24] {Threei} HGSI diving
[15:25] {magoo} back, we in anything?
[15:25] {magoo} been gone since 1pm
[15:25] {dino} ati l .30, stop .13
[15:25] {Threei} in navel-gazing mode mags
[15:25] {Threei} fast drop HGSI, maybe something materializes here
[15:26] {dptl} have a great evening all ,see ya tomorrow
[15:26] {dino} cya dp
[15:26] {Threei} take care dp
[15:27] {nemo} I'm off too...leaving I mean...we're all aware of my mental state
[15:27] {nemo} c u 2morow
[15:28] {Threei} take care nemo
[15:28] {dino} cya nemo
[15:33] {fernp} see u all tomorrow. good evening
[15:33] {Threei} fern :)
[15:36] {dino} cya fern
[15:50] {dino} out ati .55, +.25
[15:53] {dino} thx all, gotta hop, tee time in 30
[15:54] {Threei} see you tomorrow dino
[15:54] {BillyD} cya dino
[15:54] {dino} indeed
[15:56] {_bradc} do these scalping set ups work on a longer time frame?
[15:56] {Threei} sure
[15:56] {Threei} there is no such hing as scalping setup
[15:56] {Threei} scalping is not a trading system
[15:59] {Threei} wow
[15:59] {Threei} HGSI
[15:59] {Threei} what was that?
[16:00] {BillyD} news or major squeeze
[16:00] {Threei} I don't see any news
[16:01] {Threei} QCOM Reports Q3 $ v $0.52e, R$2.75B v $2.73Be
[16:01] {Threei} .44 vs .52
[16:02] {larisa} bye :)
[16:02] {Threei} thank you all
[16:02] {Threei} have a good evening
[16:02] {Threei} see you tomorrow :)
[16:02] {BillyD} bye Larisa
[16:02] {larisa} :)
[16:03] {BillyD} Vad, any OREX news
[16:03] {Threei} no
[16:03] {BillyD} ty...have a good evening
[16:04] {Threei} wait
[16:04] {Threei} here it is
[16:04] {Threei} Announces Proposed Public Offering of Common Stock
[16:04] {Threei} no pricing
[16:04] {BillyD} of course not :)

Tuesday, July 21, 2009

Jul 21 2009

Very atypical day for the summer - amazignly strong and active, with violent AND readable movements. got quite a few nice plays on RIMM, HGSI, BCRX, SPPI, AIG, CAT, AAPL, STT... fireworks day! And speaking of fireworks... check out new addition to the site,

Session Time: Tue Jul 21 00:00:00 2009

[08:27] {cosmo} CAT came back.....the very next day...
[08:29] {cosmo} posted stronger-than-expected quarterly earnings on Tuesday, and raised its full-year outlook, citing signs of stabilization in the world's credit markets and economies.
[08:30] {Threei} wow
[08:30] {Threei} nice gap
[08:31] {nemo} fcx and tck up in sympathy
[08:31] {Threei} HGSI performs another miracle too
[08:32] {cosmo} SPPI gets FDA fast track for bladder meds...
[08:33] {cosmo} (FDA) has granted Fast Track Designation for the
[08:33] {cosmo} investigation of apaziquone (EOquin) for the treatment of non-muscle invasive
[08:33] {cosmo} bladder cancer, ....
[08:34] {Threei} SPPI high yesterday is 6.15
[08:34] {Threei} just slightly higher now
[08:34] {larisa} gm :)
[08:35] {cosmo} lars:)
[08:35] {Threei} larisa :)
[08:35] {cosmo} oh
[08:38] {cosmo} JDAS Announces Record Second Quarter 2009 Results
[08:38] {larisa} cosmo, threei :)
[08:40] {patience} good morning RT :)
[08:41] {Threei} patience :)
[08:41] {BillyD} morning patience
[08:41] {BillyD} Vad :)
[08:41] {Threei} Billy :)
[08:41] {patience} another blissful day in paradise vad
[08:42] {Threei} no kidding
[08:42] {Threei} amazing how stable the fine weather is this year
[08:43] {nemo} almost nothing but rain on the east coast
[08:43] {nemo} well, in Mass.
[08:45] {BillyD} a nice thunderstorm here in AZ, I welcome the break from the heat
[08:45] {nemo} looks like off to the races again this morning
[08:45] {cosmo} INCY: reaches agreement with FDA on a Special Protocol Assessment for INCB18424 in myelofibrosis
[08:52] {fernp} good morning everybody
[08:52] {Threei} fern :)
[08:53] {cosmo} BD: watch out for new ground fissures
[08:53] {BillyD} thewre are more out here than they know
[08:54] {BillyD} builders been filling them in with dirt that does not work
[08:54] {cosmo} geez
[08:54] {BillyD} subdivisions are built on them
[08:54] {JohnK} GM
[08:54] {nemo} what u watchin' vad?
[08:57] {cosmo} lets hope queen creek dont become queen canyon
[08:58] {BillyD} lol
[09:01] {Threei} john :)
[09:01] {Threei} nemo... HGSI... BCRX...
[09:02] {Threei} BCRX looked fully dead yeatsreday but then came back
[09:02] {Threei} maybe has a chance to become undead
[09:07] {dino} gm all
[09:08] {Threei} dino :)
[09:08] {dino} nothing but rain here in pa too nemo
[09:09] {Threei} what cab I say... West coast is blessed
[09:12] {magoo} mornin
[09:13] {Threei} magoo :)
[09:14] {magoo} what u stalking vad?
[09:15] {Threei} HGSI, BCRX
[09:15] {Threei} SPPI
[09:15] {magoo} u watching CAT?
[09:15] {Threei} well... CAT
[09:15] {Threei} just not right on the open
[09:15] {Threei} CAT can be very nasty
[09:16] {magoo} yea..but its in play
[09:16] {Threei} of course it is... with this gap
[09:17] {dptl} good morning all
[09:17] {Threei} dp :)
[09:22] {ese} good morning.......
[09:22] {Threei} ese :)
[09:23] {ese} morning feeling better this morning......
[09:23] {Threei} good to hear
[09:24] {Threei} the weather is too good to get sick
[09:26] {texus} gm all!
[09:26] {Threei} texus :)
[09:26] {BillyD} hi tesus
[09:26] {BillyD} texux
[09:26] {larisa} lol
[09:27] {BillyD} texus
[09:27] {cosmo} JASO pre mkt high = 4.88 fwiw
[09:27] {texus} that's the one..
[09:27] {BillyD} 3rd time a charm
[09:27] {Threei} so far, as much as you can rely on pre-market charts (and it's admittedly not very much),
[09:27] {jfjf64} mornin
[09:27] {Threei} HGSI is long on .55 break
[09:27] {Threei} jf :)
[09:27] {Threei} and BCRX, I'd prefer pullback
[09:28] {Threei} well, I'd prefer pullback on HGSI too, lol
[09:28] {Threei} honestly, risk on morning spike entry is enormous
[09:28] {nemo} stop on HGSI .40?
[09:28] {Threei} .35 rather
[09:28] {Threei} and it's likelt to be so fast,
[09:28] {Threei} no confidence it can be kept reasonably
[09:29] {Threei} unless it consolidates first, I'll skip break play
[09:30] {Threei} ok, modification
[09:30] {Threei} Long Setup: HGSI .50 break half lot
[09:31] {Threei} if stays above .30 - .35
[09:31] {nemo} oops
[09:31] {Threei} heh
[09:31] {nemo} hgsi flew through
[09:31] {Threei} told ya, unmanageable
[09:31] {Threei} pullback is buyable though if drops into .50
[09:31] {BillyD} flew thru huge offer
[09:31] {texus} wow, am in and out already! fast
[09:32] {Threei} same thing would have happened on a stop side should it elect to break down
06[09:32] * nemo avoids wise comment to texus
[09:32] {Threei} wtg texus
[09:32] {Threei} good reflexes
[09:33] {texus} obviously sold early but qutie volatile
[09:34] {Threei} watching RIMM for bounce
[09:34] {Threei} .80 break, half lot
[09:34] {Threei} if stays above .60
[09:35] {ese} hgsi going nuts
[09:35] {Threei} invalidated
[09:36] {Threei} Long Setup: RIMM .40 break if holding .25
[09:36] {nemo} right through
[09:36] {nemo} wow, jumpy stocks this morning
[09:37] {Threei} over 1:1 who got it
[09:37] {Threei} 1:2, out
[09:37] {tomg} out, ty vad
[09:37] {ese} in and out HGSI .80 .91 +.11
[09:37] {magoo} out i got it
[09:37] {Threei} good job guys
[09:37] {magoo} 'plus i caught HGSI ecxiyt .07
[09:37] {texus} bad entry, but got it, ty
[09:37] {JohnK} Good trade, thx T
[09:37] {Threei} welcome
[09:37] {magoo} NICE TY
[09:38] {Threei} texus, no market orders on this kind of stocks, please
[09:38] {ese} man that was lightining fast
[09:38] {texus} ok
[09:38] {texus} do you have a limit order for say .41?
[09:38] {magoo} AAPL down vad
[09:39] {cosmo} jaso
[09:39] {cosmo} hod
[09:40] {jfjf64} 2 plays missed both grrrrr
[09:40] {Threei} HGSI is likely to drop into new low now
[09:40] {magoo} AIG on fire
[09:40] {cosmo} fire?
[09:40] {Threei} yeah, I am interested
[09:40] {magoo} vad WFC lows
[09:40] {ese} caught that first strenght on first bounce
[09:40] {Threei} watching it
[09:41] {Threei} .93 yesterday's high AIG
[09:41] {Threei} .94 today so far
[09:41] {Threei} Short Setup: HGSI .60 break
[09:41] {Threei} half l,ot
[09:41] {magoo} WFC bounce nears vad
[09:41] {Threei} stop above .75
[09:42] {magoo} missed
[09:42] {nemo} volatile sucker
[09:42] {Threei} over 1:1
[09:42] {nemo} moves too fast for me
[09:42] {ese} financial index down huge
[09:42] {JohnK} TS won't short HGSI :-(
[09:42] {Threei} anyone got it?
[09:42] {texus} broker has no inventory:(
[09:42] {Threei} get real broker John... {G}
[09:42] {magoo} that one setup fast
[09:42] {BillyD} not fast enough here
[09:42] {Threei} texus too
[09:42] {texus} haha
[09:42] {Threei} whoa
[09:42] {BillyD} excellent fal on it
[09:43] {Threei} I mean WHOA
[09:43] {magoo} HOLY SHIT
[09:43] {Threei} that's very technical terminology mags
[09:43] {magoo} oops..i mean WHOA
[09:43] {Threei} deep chart reading there
[09:43] {Threei} Long Setup: AIG .60 break if stays above .50
[09:43] {nemo} S tore H igh I n T ransit
[09:43] {BillyD} maybe AIG bounce
[09:44] {magoo} WFC too
[09:44] {Threei} John... TS is not really fast enough for this kind of plays
[09:44] {magoo} futes down more
[09:44] {Threei} not a day trading broker
[09:45] {Threei} AIG invaliadetd
[09:45] {JohnK} will look into it
[09:45] {nemo} look for aig bounce off .35?
[09:45] {magoo} l WFC .90
[09:46] {magoo} riskaroo
[09:46] {ese} FAZ is going short right.......if it's up lots of shares being shorted
[09:46] {Threei} nemo, let's modify it when it stabilizes
[09:46] {Threei} not yet
[09:46] {Threei} overall, looking for double bottom to form on it
[09:46] {nemo} Just looking, not calling
[09:47] {Threei} let's say .40 break after one more pujllback
[09:47] {magoo} in aig .39
[09:47] {Threei} and holding higher than previous low
[09:48] {chiro} out appl +.60
[09:48] {dino} gj
[09:48] {magoo} WFC picking up..wene with mkt dump
[09:48] {BillyD} did AIG PB enough for long?
[09:48] {Threei} wtg chiro
[09:49] {Threei} welcome to the room btw
[09:49] {chiro} ty
[09:49] {Threei} Billy... yes but don't chase
[09:49] {chiro} thxn 4 all ur help getting set up
[09:49] {BillyD} ok
[09:49] {magoo} look WFC holds
[09:49] {Threei} if it pulls back into trigger or below, fine
[09:50] {Threei} if not either let it go or let it form new setup here
[09:50] {magoo} look at AAPL vad
[09:50] {magoo} read?
[09:50] {Threei} AIG 1:1
[09:50] {nemo} thought we were waiting fur pullback
[09:50] {Threei} hmmm...
[09:50] {Threei} nemo?
[09:51] {Threei} see my exchange with Billy above
[09:51] {Threei} those who got it on .40 break have 1:1
[09:51] {Threei} those who didn't, either pullback into trigger or let it go
[09:51] {Threei} it retreated to .34 from .40 test
[09:52] {jfjf64} bad prin .44
[09:52] {jfjf64} took 9 cents ty
[09:52] {Threei} kind of discretionary, hard to tell whether it was enough of pullback or not
[09:52] {Threei} but then there is magoo, ya know...
[09:52] {Threei} who grabs anything that reathes
[09:52] {BillyD} very true vad
[09:52] {Threei} breathes
[09:52] {magoo} SIGH
[09:53] {magoo} i puit up 5 winners yesterday
[09:53] {Threei} AAPL... not likey it asd long here mags
[09:53] {magoo} HUH?
[09:53] {magoo} confusing
[09:53] {Threei} I don't see it as reliable long
[09:53] {magoo} ok
[09:53] {Threei} kind of 50/50
[09:54] {chiro} CAT call?
[09:54] {magoo} oh shit..all u calls 50/50 lol
[09:54] {magoo} HGSI nuts
[09:54] {Threei} nope, I go for 51/49 or better
[09:54] {nemo} there's mags with that in depth analysis
[09:54] {nemo} wfc break of .10?
[09:54] {Threei} CAT...
[09:54] {Threei} not sure about CAT
[09:55] {BillyD} stocks teleporting today
[09:55] {Threei} WFC is likely to pull back into 25 here
[09:55] {Threei} where it's going to be a better entry than this break
[09:56] {Threei} try to get it closer to 25 on a first strength
[09:56] {Threei} with stop under 24.90
[09:56] {fernp} HIG breaking hod
[09:57] {nemo} break of .10 was the play
[09:57] {magoo} out wfc .14
[09:57] {magoo} ty
[09:57] {nemo} aig keeps going
[09:58] {Threei} it gave .02 - .05 after that break
[09:59] {Threei} HIG'sd interesting
[09:59] {magoo} out AIG .61 TY
[09:59] {magoo} i look to reload if IF
[09:59] {Threei} welcome
[10:01] {Threei} US) FED's Bernake: Demand has shown signs of stablization; rates to be kept low for extended period of time
[10:01] {Threei} - Prompt attention will be needed to be given to deficit levels
[10:01] {magoo} quote SERVER?
[10:02] {Threei} 15
[10:02] {magoo} CIT crazy
[10:02] {magoo} ITS AVAIL
[10:03] {Threei} CIT Group Inc Opening delayed; news pending; releases filing with a few more details from last night's $3B credit facility announcement
[10:03] {Threei} - In filing CIT notes it expects Q2 loss of over $1.5B including a $700M impairment.
[10:03] {Threei} - States that existing liquidity levels will not be enought to make August debt payments if offers are not successfuly completed
[10:03] {Threei} - Sees funding needs for the 12 months ending June 30, 2010 are about $7B.
[10:03] {Threei} - Notes it may be required to sell some assets.
[10:03] {nemo} Congress pay attention to deficits...hahahahahahahahahahaha
[10:04] {Threei} - The Offer, the Credit Facility and any additional liquidity and capital initiatives the Company may undertake, if successful, will increase the Companys capital levels and reduce the amount of its outstanding debt.
[10:04] {Threei} - If the Offer is not successfully completed, the Company does not anticipate that it will otherwise be able to make the upcoming August 17, 2009 maturity payment on the August 17 Notes or otherwise refinance the August 17 Notes prior to their maturity and may need to seek relief under the U.S. Bankruptcy Code, unless the Company is able to obtain alternative financing
[10:04] {dino} rht s .05
[10:04] {ese} markets turning negative
[10:04] {Threei} DOW is still green but probably not for long
[10:05] {ese} indeed
[10:05] {Threei} allow me to remind you from yesterday:
[10:06] {dino} what is a negative market?
[10:06] {nemo} one in which you make money going short
[10:06] {Threei} [13:11] {Threei} feels like something is brewing
[10:06] {Threei} [13:12] {Threei} this is market is pregnant with something big
[10:06] {dino} lol
[10:06] {Threei} fireworks were about to begin
[10:06] {magoo} what is this concept of shotrt of which u speak
[10:06] {Threei} indeed this morning ias far from typical summer one
[10:07] {cosmo} they got laptops on the beach these days
[10:07] {magoo} AAPL report could be catalist for blow off top..temporary top
[10:08] {Threei} CAT...
[10:08] {Threei} looks like bounce ready very soon
[10:08] {Threei} trying to get a structure for the play
[10:08] {Threei} Long Setup: CAT .65 if stays above .50
[10:08] {Threei} half lot
[10:09] {magoo} in
[10:09] {Threei} 1:1
[10:09] {BillyD} ty
[10:09] {Threei} sure thing
[10:09] {Threei} sheesh today is fast
[10:09] {jfjf64} ty ty ty
[10:09] {nemo} too fast for me
[10:09] {BillyD} no kidding, I finally got in
[10:09] {Threei} three times jf??
[10:10] {Threei} wow
[10:10] {BillyD} hjf is so happy to get in
[10:10] {ese} L qid
[10:10] {Threei} today is a good illustration why you want the fastest broker there is
[10:10] {texus} recommendation?
[10:10] {BillyD} and supercharged brain w/ fingers
[10:10] {jfjf64} missed 2 play early grrrrrr cattttttttttttttttt
[10:10] {ese} .48
[10:11] {dino} sds l .25
[10:11] {Threei} jf... I wanted to type "can't blame you"... then changed my mind
[10:11] {Threei} I am going to blame you anyway
[10:11] {JohnK} CAT was good to me - thx T :)
[10:11] {Threei} :)
[10:12] {jfjf64} hgsi
[10:12] {Threei} if nothing else, then fiorrest fires in Kelowna... who said jf is not a good candidate to blame for those?
[10:12] {Threei} HGSI lost its mind
[10:12] {BillyD} so did the sellers under 12
[10:12] {Threei} rofl
[10:12] {BillyD} they are calling therapists right now
[10:13] {ese} out QID .46 -.02 hmmmmmmm not sure i know how to play this
[10:13] {nemo} C&H WFC?
[10:13] {Threei} .25 break... sure if market helps
[10:14] {Threei} HGSI - 14 buyer is out there
[10:14] {Threei} he just doesn't know it yet
[10:14] {magoo} are u calling a trade HGSI?
[10:15] {Threei} if you are OK with chance for multiple tries,
[10:15] {Threei} .50 break
[10:15] {Threei} stop under .30
[10:15] {Threei} lost .30, becomes rather a bounce play
[10:15] {magoo} rather hit pullbk
[10:15] {Threei} tough read on bounces
[10:17] {Threei} WFC works
[10:17] {Threei} good call nemo
[10:17] {ese} l wfc .28
[10:18] {cosmo} JASO might want 5 ....watching
[10:18] {BillyD} AIG steady here
[10:18] {magoo} sometimes AIG just sits now for hours
[10:19] {BillyD} aggressive entry over .61 was the thought
[10:20] {ese} out WFC .29 +.11
[10:21] {dino} sds stopped -.26
[10:21] {magoo} out CAT .97 TY vad
[10:21] {magoo} missed first exit
[10:21] {ese} 3 trades like that in a day is a great living
[10:22] {magoo} in HGSI
[10:22] {magoo} off vads
[10:22] {magoo} waiting .89
[10:22] {magoo} or change
[10:23] {jfjf64} rimm vad ?
[10:23] {Threei} half out .69
[10:24] {dino} abio
[10:24] {Threei} RIMM...
[10:24] {Threei} .30 long
[10:24] {Threei} if stays above .15
[10:26] {texus} stop?
[10:26] {Threei} offering second half .95
[10:26] {magoo} ,9649
[10:26] {Threei} on what texus?
[10:26] {magoo} 947
[10:26] {texus} RIMM
[10:26] {Threei} oh
[10:26] {Threei} under .15... :)
[10:26] {Threei} [10:24] {Threei} if stays above .15
[10:27] {texus} ty
[10:27] {Threei} no worky RIMM
[10:27] {Threei} out HGSI
[10:28] {Threei} direct hit at .95
[10:29] {Threei} [10:14] {Threei} HGSI - 14 buyer is out there
[10:29] {Threei} [10:14] {Threei} he just doesn't know it yet
[10:29] {ese} L WFC .52.....ousy fill
[10:29] {magoo} out here .12
[10:29] {magoo} TY vad
[10:29] {magoo} wow look top
[10:29] {magoo} {for now top}
[10:29] {nemo} yesterday's close ese, could be resistance
[10:30] {nemo} also the pivot
[10:31] {magoo} billy, see how AIG has quit {for now}?
[10:32] {magoo} better targets imo
[10:32] {BillyD} yeah
[10:32] {magoo} waste focus there..miss hgsi here
[10:32] {BillyD} I stopped watching when it broke .50
[10:32] {ese} definately nemo
[10:33] {ese} but if it can can past it.....
[10:34] {nemo} yep
[10:34] {ese} doesn't look like it now though
[10:34] {nemo} Bernanke's talking right now too
[10:34] {nemo} actually looking short
[10:35] {ese} didn't know that........buggar will sabotage my trade
[10:35] {ese} like right now
[10:35] {nemo} yeah, break of .45
[10:36] {jfjf64} stp l .90 break
[10:36] {Threei} Long Setup: STT .50 break half lot
[10:36] {Threei} if stays above .35
[10:37] {magoo} in
[10:37] {magoo} .50
[10:37] {Threei} over 1:1
[10:37] {magoo} out .64 DL TY
[10:37] {magoo} fast
[10:38] {jfjf64} ty
[10:38] {magoo} EASY button worthy
[10:38] {Threei} easy money
[10:38] {Threei} my favorite kind
[10:38] {jfjf64} EM TY
[10:38] {Threei} em?
[10:39] {jfjf64} fast easy money
[10:39] {Threei} your abbreviations constitute whole other lasnguge jf, lol
[10:39] {BillyD} lol
[10:39] {ese} .30's my stop wfc....we'll see what happens
[10:40] {jfjf64} same with ya pictures
[10:40] {jfjf64} lol
[10:40] {magoo} HGSIU
[10:40] {magoo} frenzy vsad
[10:40] {Threei} hey! don't wound artist in me
[10:40] {Threei} yeah, HGSI is not done
[10:41] {nemo} ese, next support on wfc is .25
[10:42] {jfjf64} to tell truth i got chance to look at the pictures very nice
[10:42] {nemo} yeah, really neat
[10:42] {ese} ain't gonna wait that long
[10:42] {Threei} thank you (Threei puts trout back in the holster)
06[10:43] * nemo slaps Threei around a bit with a large sturgeon
06[10:43] * nemo slaps magoo around a bit with a large calico bass
[10:43] {ese} have 1200 shs......max loss approx .22 cents
06[10:43] * magoo slaps Threei around a bit with a large trout
[10:43] {chiro} out CAT +.40
06[10:43] * Threei slaps nemo around a bit with a large 20 lb box of frozen caviar
06[10:44] * nemo thanks Vad...yum...wait, that's cannabalism!!! ahhhhhhhhhh
[10:44] {JohnK} everybody's having fish for lunch? :-)
[10:44] {Threei} lol
06[10:44] * magoo slaps JohnK around a bit with a large trout
[10:44] {ese} if it gets back to .50 i may buy more if it shows strength and tighten stop
[10:44] {magoo} u too
[10:44] {Threei} as dolphins said leaving Earth... good bye and thanks for all the fish
06[10:45] * nemo slaps JohnK around a bit with a large filet of kobe beef
[10:45] {Threei} CAT bounce is coming
[10:45] {Threei} .60 break if stays above .50
[10:45] {Threei} .50 break is short
[10:45] {Threei} but riskier
[10:46] {Threei} market helps though
[10:46] {Threei} HGSI new high
[10:46] {Threei} seller under 12 closes his eyes and swears never ever to hit sell button again
[10:47] {jfjf64} funny
[10:47] {magoo} out cart .64
[10:47] {magoo} TY
[10:47] {magoo} FULL
[10:48] {magoo}
[10:48] {magoo} cart
[10:49] {magoo} [10:47] {&Threei} seller under 12 closes his eyes and swears never ever to hit sell button again
[10:49] {magoo} thats me lol
[10:50] {JohnK} good call CAT short thx T :)
[10:50] {Threei} dumo looks like news, but I see none
[10:51] {nemo} "dumo"?
[10:51] {Threei} dump
[10:51] {Threei} Fed's Bernanke: Commercial real estate market seeing more pressure, which could threaten financing for the sector - Q
[10:51] {Threei} - says Fed is taking steps under current programs to address the issue in commercial real estate.
[10:51] {Threei} NRG
[10:51] {nemo} they had news
[10:51] {Threei} NRG Exelon Terminates Offer to Acquire NRG (24.41, +0.86, 3.65%) (related EXC )
[10:51] {ese} that statement should buggar my trade
[10:52] {nemo} sodamistic references
[10:52] {ese} soda?
[10:52] {ese} did somebody say soda?
[10:53] {ese} HGSI....whoda...thunk it?.......rather stunning i'd say
[10:54] {BillyD} BCRX VAd
[10:54] {BillyD} and SPPI
[10:55] {Threei} both look temopting, especially BCRX
[10:55] {Threei} I jujst wish there was more pace
[10:56] {ese} hmmmm my WFC trade may have escaped purgatory.......
[10:56] {Threei} BCRX... threatens high from two days ago
[10:56] {ese} L FITB .91
[10:57] {Threei} took it
[10:57] {nemo} jumped on the Rhino horn huh?
[10:58] {Threei} no fresh news that I see
[10:58] {Threei} but looks like another candidate to go loco
[10:59] {Threei} will take 7 it seems
[10:59] {BillyD} it may
[10:59] {magoo} where u in?i chasing
[11:04] {Threei} HGSI big drop
[11:05] {magoo} where u in BCRX?
[11:05] {Threei} I am not calling it here mags
[11:06] {ese} wfc stopped .30 -.22
[11:06] {Threei} .30 break was it but it happened faster than I could even start typing
[11:06] {magoo} ok
[11:07] {chiro} out AMGN +.45
[11:07] {chiro} bcrx
[11:07] {Threei} chiro is quietly killing it
[11:07] {Threei} if you post entries too, we may have a chance to benefit :)
[11:07] {ese} financials didn't like what Bernakers had to say
[11:08] {magoo} should i vad?
[11:08] {Threei} as if you need my permission
06[11:08] * magoo slaps chiro around a bit with a large trout
[11:08] {chiro} thnk u sir....may i have another?
06[11:08] * magoo slaps chiro around a bit with a large trout
06[11:08] * magoo slaps chiro around a bit with a large trout
06[11:08] * magoo slaps chiro around a bit with a large trout
06[11:08] * nemo slaps chiro around a bit with a large roll of cash
[11:08] {chiro} OMG!!!....too much excitement
[11:09] {jfjf64} cat??
06[11:09] * Threei quietly shies away in the shadow
[11:09] {Threei} looks long on .50 break jf
[11:10] {Threei} if holding above .30-.35
[11:10] {Threei} here comes 7 BCRX
[11:11] {jfjf64} bcrx
[11:12] {Threei} 10:58] {Threei} but looks like another candidate to go loco
[11:12] {jfjf64} ya got feel for this
[11:13] {jfjf64} gj
[11:14] {dino} sds l .00
[11:19] {ese} L wfc .30
[11:20] {chiro} ss AAPL 151.60....(plz no more smelly trout)
[11:21] {nemo} cat short
[11:21] {nemo} below .00
[11:22] {magoo} yea..but wicked cross
[11:23] {nemo} huh?
[11:23] {magoo} CAT from .07 to .90
[11:23] {magoo} blink
[11:23] {magoo} hence wicked cross
[11:23] {nemo} story of all today's trades-almost
[11:23] {nemo} blink, gone
[11:24] {Threei} nice call nemo
[11:24] {nemo} well, that's my broken clock allotment for today
[11:26] {BillyD} if SPPI thru .50 may be worth a shot
[11:26] {BillyD} it needs volume
[11:31] {BillyD} Vad, KONG nice chart, volume stinks
[11:31] {Threei} that's my eternal problem with this dtock
[11:31] {Threei} it trades by appointment
[11:31] {Threei} no smooth flow
[11:32] {Threei} sleeps for hours, then bursts ik activity and falls back into coma
[11:32] {chiro} out AAPL +.50
[11:32] {BillyD} hmmmm....sds familiar
[11:32] {BillyD} lol
[11:32] {Threei} chart sure is pretty
[11:32] {Threei} chiro does it agasin
[11:33] {BillyD} nice chiro
[11:33] {nemo} didn't tell anybody :(
[11:33] {BillyD} chiro, what was your stop on AAPL
[11:33] {Threei} yeah, we need to guilt him into posting entries
[11:33] {BillyD} he did post AAPL
[11:33] {Threei} oh
[11:33] {chiro} 151.88
[11:33] {Threei} I missed then, sorry
[11:34] {nemo} so chiro get's the "magoo" award so far
[11:34] {Threei} just don't let magoo to kiss you on a cheeck, chiro... that's deadly kiss
[11:35] {nemo} especially if he does it from behind
[11:35] {Threei} sigh
[11:35] {chiro} can't get rid of orig trout smell....will either post entry, or shut up
[11:39] {jfjf64} bcrx ?
[11:40] {Threei} not here... and forgot about it when it pulled back into 7
[11:40] {jfjf64} sleepin on jobbbbbbbbbbbb
[11:40] {nemo} it's about time for his daily coma
[11:41] {jfjf64} or more pictures
[11:41] {Threei} jf... a) always b) proud of it and c) never called any stock being wide awake
[11:41] {jfjf64} c
[11:41] {jfjf64} lol
[11:42] {Threei} now, look through the track record and tell me... you want me to wake up or prefer me to stay in coma?
[11:42] {BillyD} you scared now jf
[11:42] {jfjf64} ya good man vad
[11:42] {jfjf64} never billyd
[11:44] {jfjf64} when vad sends his boys fromm the old country to front door then scared
[11:44] {jfjf64} lol
[11:44] {jfjf64} go bk to coma vad
[11:44] {BillyD} lol....or when vad puts on his Russian army boots
06[11:45] * Threei 's eyelids happily fall back down
[11:45] {jfjf64} that wd be nice picture no
[11:46] {Threei} CAT Hearing Sterne Agee reiterating cautious comments (timing uncertain)
[11:46] {Threei} - Sterne Agee rates CAT at a Sell
[11:46] {Threei} got caught short or what
[11:46] {jfjf64} mrk testin high
[11:53] {dino} fwiw gaps from fri 8744, 1527
[11:54] {dino} after that, far down, from the 14th, 8359, 1452, 905.
[11:56] {dino} sds stop to .40
[11:56] {dino} ironic s/p tags june high and drops
[11:57] {dino} sds to .48
[11:57] {dino} to .60
[11:57] {Threei} lol
[11:58] {Threei} got e-mail from business registry offering to edit RealityTrader profile ikn their database
[11:58] {magoo} nice wreckage they did to cat
[11:58] {Threei} one of links ends with:
[11:58] {magoo} the fix
[11:58] {dino} to .65
[11:59] {Threei} "Klick her"
[11:59] {Threei} I couldn't resist and answered: may I see her photo first?
[12:00] {Threei} Klick is ot a mistype by me btw
[12:00] {Threei} not
[12:00] {Threei} copied from e-mail
[12:01] {Threei} ok... back to sleep
[12:01] {dino} stopped / out .65, +.65
[12:01] {Threei} you guys are void of sense of humor
[12:01] {Threei} even by my admittedly very low standards
[12:02] {nemo} you mean your "deviant" standards
[12:03] {Threei} no, that word is longer than 2 syllables
[12:03] {Threei} I use none of those
[12:09] {jfjf64} bcrx
[12:15] {dino} bonds moving up, market may continue down
[12:15] {magoo} HGSI
[12:15] {magoo} vad a read?
[12:15] {nemo} $ up too
[12:15] {dino} yes
[12:16] {magoo} RIMM vad..any read
[12:18] {magoo} someone kick vad wake his arse up
[12:19] {BillyD} HGSI looks to be mounting
[12:19] {BillyD} or assemble the troops for .40
[12:20] {Threei} RIMM no
[12:20] {Threei} HGSI... could be
[12:21] {Threei} co far .40 is closest resistance to break
[12:21] {magoo} who kicked ya? i owe em a beer
[12:21] {Threei} no one, I am coma
[12:21] {nemo} in one?
[12:21] {magoo} id pull plug for ya if u ever need me
[12:21] {Threei} I just have two kinds of it: typing-allowed coma and no-typing-allowed coma
[12:22] {nemo} title of Will Smith's new movie?
[12:22] {Threei} thanks mags
[12:22] {magoo} :)
[12:22] {dino} lol
[12:22] {Threei} nixce to know I won't be a vegetable
[12:22] {magoo} wouldnt hesitate...count on magoo
[12:23] {Threei} House Majority leader Hoyer (D) reiterates wealth tax surcharge is one way to pay for healthcare bill, but open to other means of funding the reform
[12:23] {Threei} - Reminder on 7/7 Hoyer commented that health care reform must be paid for and that all options were on the table
[12:24] {magoo} kills me..these wealthy f'ers all donated to obanmma...this is what they wanted
[12:25] {chiro} AAPL...ndl on the way?
[12:25] {Threei} not sure chiro
[12:26] {Threei} look at NQ intraday
[12:26] {Threei} it forms almost perfect breakdown formation
[12:26] {Threei} lately market tended to ruin those quite violently
[12:27] {Threei} if I was so inclined to come out of coma andtrade here,
[12:27] {Threei} I would hunt for longs on RIMM and AAPL
[12:27] {Threei} AAPL .20 - .25 breal
[12:27] {Threei} RIMM .50 break
[12:28] {jfjf64} rimm holdin what pls
[12:29] {Threei} .30
[12:29] {dino} tlvt
[12:30] {magoo} AApl should attempt some sort of bounce today
[12:30] {Threei} US) Senator Conrad (D): Considering taxing health insurers, tax would affect high-end health plans
[12:30] {Threei} - Note that Conrad is chairman of the Senate Budget Committee
[12:30] {magoo} SHOULD key
[12:30] {Threei} Treasury: Plans to create a department at the SEC to oversee ratings companies
[12:31] {Threei} I suggest a tsar
[12:31] {Threei} we have not enough of those
[12:31] {Threei} here goes AAPL
[12:31] {dino} it;s the only job creation going on
[12:32] {Threei} but it's a really good one
[12:33] {Threei} who wouldn't want to be a tsar
[12:33] {Threei} who is in a lineup for tsar post? No one? Great, I'll take it then
[12:34] {Threei} (quote from famous Russian cartoon Last Year's Snow)
[12:34] {BillyD} good, you get a free bobble head Obama doll
[12:36] {Threei} AAPL like charm
[12:36] {Threei} RIMM is POS
[12:37] {BillyD} AAPL going against mkt tick
[12:37] {BillyD} RIMM has disappointed me last few tries on normal move but works on PB bouncec
[12:38] {BillyD} bounces
[12:38] {magoo} CAT trying
[12:38] {magoo} in aapl .22 and rimm .36
[12:39] {Threei} (US) Senator Baucus (D): Optimistic that a bipartisan healthcare deal could be reached today, talks are continuing (related IYH )
[12:39] {Threei} todsay eh
[12:39] {magoo} off vads alerts
[12:40] {Threei} I can't believe such a huge reorganizing of whole layer of society funcctioning is getting pushed through in such hurry
[12:41] {magoo} these dems are nuts
[12:42] {Threei} this is just so irresponsible, it's hard to believe...
[12:42] {nemo} no, they just believe in total government control
[12:42] {Threei} yeah... good luck with that
[12:42] {Threei} I know just the country that tried that
[12:42] {magoo} wait till they ram thru gun confiscation in aone session..they'll have REAL class warefar
[12:43] {Threei} just in: no money for F-22
[12:43] {Threei} LMT Vote on amendment dropping funding for F-22 from defense bill has gained enough votes to pass (76.22, -5.89, -7.17%)
[12:44] {Threei} probably was pretty much built into LMT price
[12:45] {magoo} aapl is acting like goog on its reoprt day
[12:45] {magoo} exactly
[12:46] {magoo} and goog sold after
[12:46] {magoo} its diseased
[12:49] {Threei} (US) Moody's notes that declines in the US commercial real estate market are excellerating
[12:49] {Threei} - The downward spiral in commercial real estate market fundamentals has accelerated as the recession persists, according to Moody's latest Red-Yellow-Green study.
[12:49] {Threei} - For the first time in six years, none of the seven property types tracked by Moody''s has a "green" or strong score, while four of the property types are at levels of weakness unmatched in the almost 10-year history of the study.
[12:53] {Threei} guess who is on TV
[12:56] {KSystems} Oprah
[12:57] {Threei} ummm
[13:03] {jfjf64} rimm bounce vad
[13:03] {larisa} lost my server, whats RIMM at ?
[13:03] {Threei} no jf
[13:03] {BillyD} 73.07
[13:03] {jfjf64} 73.07
[13:03] {larisa} ty
[13:06] {Threei} now market is breakdownish
[13:09] {Threei} HGSI
[13:09] {BillyD} how to play it
[13:10] {Threei} I wish I knew
[13:10] {larisa} lol
[13:10] {BillyD} lol
[13:10] {BillyD} maybe .50 with .30 stop
[13:10] {wulff} CAT semms ready to bounce
[13:10] {Threei} one strategy is, close your eyes, click buy, wait one minute, clic k ell, open your eyes and see what transpired
[13:10] {wulff} done that
[13:11] {Threei} works?
[13:11] {wulff} can send you a phamplet
[13:14] {Threei} if you remember I mentioned yesterday a swing trade candidate
[13:14] {Threei} UAUA with .65 trigger
[13:15] {Threei} it hig 3.90 today, but retreated into trigger now
[13:15] {Threei} hit
[13:15] {Threei} I'd say, worth a try with first strength
[13:16] {Threei} HGSI attacking .50
[13:20] {Threei} if taking UAUA here, stop under .60
[13:20] {Threei} small enough for a swing eh
[13:21] {Threei} HGSI, half out who took it
[13:21] {magoo} i did
[13:21] {jfjf64} jfjfjfjf
[13:21] {chiro} i did....small...and happy
[13:21] {Threei} as if anyone had any doubt about you two
[13:22] {Threei} and now chiro looks to join you
[13:22] {magoo} out .69 DL
[13:22] {jfjf64} in.49
[13:22] {magoo} TY
[13:22] {Threei} CAT Reports 3 month dealer statistics; June retail sales -47%, reciprocating engines -32% (38.57, +1.92, 5.24%)
[13:25] {chiro} that was phun....can i come back tomorrow, plz?
[13:26] {Threei} no
[13:26] {wulff} CAT is saving me today
[13:26] {Threei} monthly payment for the room includes one day access
[13:26] {BillyD} SPPI near HOD
[13:26] {chiro} even if i post my entries?
[13:27] {Threei} it just means you get to pick any day of the month
[13:27] {chiro} geez....i feel like we're's clear i can never win w u.....
[13:27] {Threei} lol
[13:28] {Threei} I really gotta be careful with these jokes... most of them tend to come back and bite me in the rear
[13:28] {Threei} considering public access to room logs
[13:29] {Threei} I made this error of saying "I am no Brad Pitt" when commenting back on comment about people wanting to come to seminar to see me
[13:29] {Threei} what do you know... haven't heard an end of it for months
[13:30] {Threei} speaking of which... anyone gave any thoughts to coming to Freeport in jan?
[13:31] {jfjf64} you buy we fly boss
[13:31] {Threei} {Anyone} me? thoughts? you must be kidding
[13:31] {BillyD} lol
[13:32] {magoo} just pick up my bar tab ok?
[13:32] {chiro} i am wounded to the quick:=D
[13:32] {jfjf64} all agree say i
[13:33] {nemo} 3i
[13:33] {jfjf64} 3i
[13:34] {magoo} 3i
[13:34] {wulff} nice fireworks photos VAD
[13:34] {Threei} ty
[13:34] {BillyD} BCRX approaching large .51 offer for possible trigger
[13:34] {Threei} and SSPI - .50
[13:35] {BillyD} finger on trigger
[13:35] {nemo} sspi?
[13:35] {Threei} APPI
[13:35] {Threei} SPPI
[13:40] {jfjf64} .50 trigger vad
[13:41] {jfjf64} still go
[13:41] {Threei} yeah, chewing through all those huge offers
[13:41] {Threei} time of the day is not the best
[13:41] {Threei} so make it discretionary
[13:45] {ese} am back...gotta stop this working at school in the smmer
[13:47] {nemo} look at order a .51 on bcrx
[13:48] {ese} 50000.......
[13:48] {nemo} yeah nuts
[13:48] {BillyD} don't see it here
[13:48] {BillyD} thought it went away
[13:49] {BillyD} nemo, you still see it
[13:49] {wulff} UAUA alive
[13:49] {nemo} yep
[13:50] {BillyD} sheesh
[13:50] {BillyD} refresh quote and it reappears
[13:53] {magoo} we in anything lord vader?
[13:54] {Threei} coma
[13:54] {Threei} deep
[14:00] {magoo} huggie wacked
[14:00] {jfjf64} c/h cat vad
[14:02] {BillyD} jf...CAT 39 trigger?
[14:02] {jfjf64} .92 here aggressive
[14:04] {BillyD} thx
[14:10] {Threei} funny but UAUA hit 1:1 for scalpers
[14:11] {wulff} funny LOL, or funny ha ha
[14:11] {wulff} or what?
[14:11] {nemo} easy francis
[14:12] {wulff} fireworks in H
[14:12] {wulff} HGSI
[14:12] {Threei} just funny - consider that my sense of humor is at 11 years old level
[14:12] {BillyD} it's ok, we know
[14:12] {Threei} apparently some don't
[14:12] {nemo} 11 year old dog?
[14:13] {BillyD} lol
[14:13] {Threei} US President Obama to discuss US-China strategic economic dialogue on Monday
[14:13] {Threei} - Note: trade talks are scheduled on Monday and Tuesday in Washington
[14:14] {Threei} disbalance of the size of stop and idea of a swing trade is what funny to me on this trade
[14:15] {Threei} you don't think of swing trade as giving 1:1 on 6-7 cents move
[14:15] {BillyD} best of both worlds
[14:15] {Threei} yes
[14:15] {Threei} but now as any joke explained it's not funy anymore
[14:15] {BillyD} if willing to accept swing trade time frame
[14:15] {magoo} beauty CAT call
[14:15] {Threei} so thanks for spoiling it for me... I could laugh for couple days about it
[14:16] {Threei} now I have to think of something else
[14:16] {BillyD} you still can
[14:16] {Threei} passerby falling in the paddle would do
[14:16] {BillyD} 11 year old humor does that
[14:16] {Threei} but we haven't had any rain in months
[14:16] {Threei} yep, good one jf
[14:19] {nemo} I'm going to have to build an ark soon
[14:19] {nemo} raining down there Mags?
[14:20] {BillyD} magoo, still raining alot by you
[14:20] {nemo} zebras and elephants
[14:21] {BillyD} "Nemo's Ark"....
[14:21] {nemo} well, I had a submarine once
[14:22] {BillyD} tough times
[14:22] {nemo} lost it to the ex
[14:22] {BillyD} Vad, look at Kong
[14:22] {Threei} lol
[14:22] {Threei} still there
[14:23] {BillyD} is taht you at .94
[14:23] {dino} yes nemo, raining
[14:23] {Threei} I don;'t care about it all that much
[14:23] {Threei} UAUA CFO: liquidity position is "clearly adequate" - conf call comments (3.67, +0.16, 4.56%)
[14:23] {nemo} When I lived in Germany, it was a running joke with the tv weatherperson because it basically rained all the time
[14:24] {nemo} Hey K, you there?
[14:25] {Threei} nit sure I like hoding UAUA during conference call
[14:25] {wulff} Vad you have an opinion on CAT and how high it could run back up
[14:25] {Threei} not really
[14:25] {wulff} fair enough
[14:25] {Threei} it defies common sense, as most stocks with huge gaps do
[14:25] {wulff} I'm just trailing
[14:26] {Threei} makes sense
[14:32] {Threei} be basck in 15
[14:32] {wulff} WAIT................
[14:43] {Threei} back
[14:43] {wulff} phweeew
[14:43] {Threei} lol
[14:45] {BillyD} Vad, on some of the fast trades this morning like RIMM, etc. Do you hit the trigger as it looks to break because it blows through some times?
[14:45] {magoo} HGSI trying
[14:46] {Threei} I usually send a few cents higher than trigger,
[14:46] {Threei} and sometimes, if there is obvious determimnation, and market help and levels scroll fast, yes,
[14:46] {Threei} I hit it while it's being scrolled
[14:46] {BillyD} sometimes it is only way to get them
[14:51] {dptl} have a great evening all...see ya tomorrow
[14:52] {Threei} taike care dp
[14:53] {Threei} beauty CAT
[14:53] {magoo} c u dp
[14:53] {Threei} still holding wulff?
[14:53] {wulff} yes
[14:54] {wulff} in at 38.25, lot
[14:54] {Threei} you are so greedy
[14:54] {wulff} poor, but trailing. it never hit
[14:55] {wulff} sold 1/4 a while back
[14:59] {magoo} WFR news vad?
[15:00] {Threei} Shin-Etsu Polymer Co. Shin-Etsu Handotai has begun talks with chipmakers to raise the price of its 300mm wafers by 30%-40% - Nikkei
[15:00] {Threei} - Shin-Etsu Handotai is the world's largest manufacturer of silicon wafers used in microchips. Would be the first price increase since early 2006.
[15:00] {Threei} Related (WFR )
[15:00] {Threei} (US) House Panel has rejected plan for SLM to continue to keep selling student aid alternatives (related SLM )
[15:01] {Threei} SLM is not at 1 yet?
[15:01] {Threei} long then I guess lol
[15:06] {BillyD} BCRX
[15:08] {magoo} VADDDDDDDDDDDDDD
[15:08] {Threei} WHAT???
[15:08] {ese} sheeeeeesh that was loud
[15:08] {Threei} lol
[15:08] {magoo} r or r?
[15:08] {Threei} rip
[15:09] {magoo} no "flat"?
[15:09] {Threei} could be
[15:09] {magoo} uuggggg
[15:10] {magoo} i need to make 3k in last houyr...C'MON
[15:10] {Threei} you do eh
[15:10] {Threei} how does your need translates in come on for me, I am not sure... but your wish is my command
[15:10] {magoo} so do u.....
[15:11] {magoo} hang on guys...we gonna party
[15:11] {Threei} will 3K of situps do? or chinups?
[15:12] {Threei} well
[15:12] {Threei} BCRX us cerftainly a candidate
[15:12] {Threei} if chews through that .51 offer
[15:13] {magoo} in
[15:13] {Threei} that was some pressure
[15:14] {Threei} serious determination
[15:14] {BillyD} disappeared
[15:14] {magoo} like butter
[15:14] {Threei} new high
[15:14] {Threei} sold half
[15:15] {magoo} yup TY
[15:15] {Threei} amazing... fireworks day
[15:15] {magoo} see if i motivate u
[15:15] {Threei} lol
[15:15] {Threei} sorry mags... no male can motivate me
[15:16] {magoo} true motivator is so good...his target does not know hes being motivated
[15:16] {Threei} rofl
[15:16] {BillyD} lol
[15:17] {Threei} 1/4 more out
[15:17] {Threei} .83
[15:17] {BillyD} same here
[15:17] {Threei} offering last part .95
[15:17] {magoo} .94 here
[15:17] {Threei} stop just under b/e
[15:17] {Threei} don't want to trail it
[15:18] {Threei} UAUA on the move
[15:18] {Threei} good swingy
[15:19] {Threei} this is fairly unusdual... I would expect this kind of day and movement in Octorber
[15:19] {Threei} not mid July
[15:19] {nemo} c u 2morow, I think?
[15:20] {Threei} think?
[15:20] {BillyD} out rest BCRX .84
[15:20] {Threei} now why would you do that to yourself?
[15:20] {nemo} zombie tomorrow
[15:20] {Threei} no I mean thinking
[15:20] {Threei} anyway... take care
[15:20] {nemo} fyvm
[15:21] {Threei} sigh... no appreciation
[15:21] {BillyD} SPPI nearing .5
[15:21] {Threei} only that third shot of Jack Daniels we had on boat in Nassau saves you from being trouted relentlessly
[15:21] {nemo} I appreciate your sarcasm, patronization, and cynicism
[15:21] {BillyD} lol
[15:21] {Threei} oh, I have a lot of all that
[15:21] {Threei} and much more
06[15:22] * nemo slaps Threei around a bit with a large bottle of J.D}
[15:22] {Threei} can't reciprocate... BCRX nears selling point
[15:22] {nemo} hahahhahah
[15:22] {Threei} ugh, retreated
06[15:22] * nemo slaps Threei around a bit with a large bottle of Grand Marnier
[15:23] {Threei} ewwww
[15:23] {Threei} too sweet
06[15:23] * nemo slaps Threei around a bit with a large bottle of schnapps
[15:23] {larisa} go already!
06[15:23] * nemo slaps Threei around a bit with a large bottle of Spyritus
[15:23] {Threei} come on BCRX
[15:23] {nemo} bye Larry
[15:23] {Threei} lol
[15:23] {larisa} bye :)
[15:23] {magoo} kickin it
[15:24] {Threei} thank you larisa
[15:24] {Threei} SPPI...
[15:25] {Threei} Billy... clicked in time this time around I see?
[15:25] {BillyD} yes
[15:25] {BillyD} had to hit .54
[15:25] {Threei} practice makes it perffect :)
[15:25] {Threei} same here
[15:25] {Threei} got a few partials
[15:25] {BillyD} it disappeared
[15:26] {Threei} here scrolls SPPI
[15:26] {BillyD} in
[15:27] {Threei} this one is normally slower
[15:27] {BillyD} yes
[15:27] {Threei} here come my meatball... err BCRX
[15:28] {Threei} oh come on
[15:28] {Threei} 3 cents shy?
[15:29] {BillyD} that's nit right
[15:29] {BillyD} not
[15:30] {BillyD} Vad, .40 or .45 on SPPI stop
[15:30] {magoo} ya man
[15:30] {magoo} HGSI
[15:30] {Threei} both are valid
[15:39] {Threei} (US) OCC Annual Underwriting Survey: 37% of banks have increased lending this year, loan portfolio risk grew despite tighter conditions
[15:39] {Threei} - Banks surveyed in the report made $3.6T in loans, 84% of overall US lending.
[15:39] {Threei} ***Note: O...more... (related XLF )
[15:39] {wulff} CAT +1.5 on a lot
[15:40] {BillyD} nice wulff
06[15:40] * Threei slaps wulff around a bit with a large roll of cash
[15:40] {wulff} and one large TY
[15:41] {BillyD} out half sppi here
[15:44] {wulff} you sell UAUA?
[15:44] {Threei} no
[15:45] {Threei} didn't intend it as scalp
[15:45] {wulff} good
[15:45] {Threei} stop is miniscule
[15:45] {Threei} I don't really care about 7 cents loss
[15:45] {ese} still long wfc at .30 and fitb .91.........we'll see what happens to morrow........catch you all on the flip side
[15:45] {wulff} 3.10 is strong too
[15:47] {Threei} me happy with today
[15:47] {Threei} much happier than I was with whole July even though it was nicely profitable so far
[15:47] {Threei} but today was also FUN
[15:49] {BillyD} out rest sppi here
[15:49] {Threei} you are so stingy
[15:50] {BillyD} is strong stock here
[15:57] {Threei} okay, let's close the day
[15:58] {Threei} out SPPI
[15:58] {Threei} no desire to carry it overnight
[15:58] {Threei} UAUA, will take it
[15:58] {Threei} and see what happens tomorrow
[15:58] {Threei} thank you all
[15:58] {Threei} have a great evening
[15:58] {BillyD} cya vad
[15:59] {Threei} see you tomorrow
[15:59] {larisa} bye :)
[15:59] {chiro} ty...was phun
[15:59] {Threei} love the spelling
[15:59] {Threei} eqzaktly right way to spell things
[16:00] {chiro} :=D

Monday, July 20, 2009

A bit boring day with some excitement injected by HGSI monstrous move. Between WFC, RIMM and HGSI on all sides we had a profitable day - not big but I'll take what I get in the summer. Feels like some strom is brewing though. Also, check out new addition to the website: . Self-explanatory.

Session Time: Mon Jul 20 00:00:00 2009

[08:23] {nemo} I guess the bull market continued
[08:41] {Threei} FTEK Receives two Fuel Chem orders in Korea
[08:42] {Threei} The company has received contracts related to the initiation of commercial FUEL CHEM programs on two small oil-fired units at an industrial power plant in the Republic of Korea. Chemical injection for each program is scheduled to commence later this quarter.
[08:42] {Threei} - CEO: "While the market in China is, by far, the dominant area of interest in the Asia-Pacific region, we hope to make further inroads in the Republic of Korea and other regional markets as appropriate applications for our technology are identified."
[08:42] {nemo} I hate that stock
[09:03] {BillyD} gm all
[09:03] {Threei} Billy :)
[09:04] {BillyD} are your quotes a bit off with closing prices and L1 quotes
[09:04] {Threei} NASDAQ quotes are off
[09:04] {BillyD} ty
[09:06] {dino} gm all
[09:06] {Threei} dino :)
[09:08] {nemo} nas back
[09:09] {Threei} yup
[09:09] {nemo} everything seems to have gapped up
06[09:11] * nemo slaps laserdave around a bit with a large trout
[09:13] {cosmo} OREX) today announced that all three remaining Phase 3 trials evaluating C
[09:13] {cosmo} ontrave(R) (bupropion SR/naltrexone SR), its investigational drug for the treatm
[09:13] {cosmo} ent of obesity, met their co-primary endpoints.
[09:15] {cosmo} ...and HGSI cures Lupus
[09:17] {Threei} HGSI JMP Securities Raised HGSI to Market Outperform from Market Perform, price target: $14
[09:17] {cosmo} HGSI pre mkt high = 11.71
[09:17] {Threei} Human Genome Sciences Inc In a Phase III study, BENLYSTA met the primary endpoint in patients with serologically active systemic lupus erythematosus (SLE)
[09:17] {Threei} - In the placebo-controlled BLISS-52 study, the results showed that BENLYSTA plus standard of care achieved a clinically and statistically significant improvement in patient response rate at Week 52, compared with standard of care alone.
[09:17] {Threei} - Study results also showed that belimumab was generally well tolerated, with adverse event rates comparable between belimumab and placebo treatment groups.
[09:17] {Threei} - Assuming positive results in November from the second Phase 3 trial of BENLYSTA, HGSI and GSK plan to submit marketing applications in the United States, Europe and other regions in the first half of 2010.
[09:19] {Threei} CIT Group Inc Follow Up: The company has secured a $3B loan under an agreement with bondholders; The loan will help the company avoid a bankruptcy filing - NYT
[09:19] {Threei} - The report cites unidentified people close to the matter.
[09:20] {Threei} who knew ticket to the immense wealth on Friday was to sell farm and family and buy all CIT you could
[09:21] {Threei} of course till Monday morning you'd likely end up with cardiac arrest
[09:21] {nemo} I would pay for someone to take my family
[09:21] {Threei} CIT UPDATE: Buckingham Raised CIT to Neutral from Underperform
[09:23] {Threei} HAR drama this morning
[09:23] {fernp} good morning everybody
[09:23] {Threei} fern :)
[09:24] {Threei} first this:
[09:24] {Threei} 08:39 AM [HAR] Strength attributed to a report from a Middle Eastern media source (AME), reporting a private equity firm, Arabian Peninsula Group (APG), is planning an acquisition offer
[09:24] {Threei} then
[09:24] {Threei} 08:51 AM [HAR] Assistant to CEO: Believes AME story about potential takeover is "a hoax
[09:24] {Threei} now:
[09:24] {Threei} 09:23 AM [HAR] issues statement; has not received offer or any such solicitation
[09:28] {ese} morning
[09:28] {Threei} ese :)
[09:28] {nemo} ese :)
[09:29] {ese} just about slet right thoough the opening
[09:29] {ese} hey nemo
[09:29] {jfjf64} mornin
[09:29] {Threei} DDSS
[09:29] {Threei} Labopharm Receives complete response letter from the U.S. FDA for novel antidepressant
[09:29] {Threei} - The letter indicates Labopharm''s application cannot be approved in its present form due to deficiencies following an FDA inspection of the active pharmaceutical ingredient (API) manufacturing facility, which was completed July 3, 2009. The FDA letter states: "Satisfactory resolution of these deficiencies is required before this application may be approved." No efficacy or safety issues were raised.
[09:29] {Threei} jf :)
[09:29] {cosmo} halt
[09:30] {Threei} yup
[09:31] {Threei} HGSI sharp selling
[09:32] {Threei} GNBT Publishes Results From Pre-Clinical Studies On Immunotherapeutic Vaccine for HPV-Induced Cervical Cancer (0.58, +0.01, 0.92%)
[09:32] {Threei} Dow Jones YTD performance moves back into positive territory
[09:32] {Threei} what me worry?
[09:34] {Threei} Short Setup: WFC .45 break
[09:34] {dino} s/p gap filled 6/12
[09:34] {Threei} if stays under .567
[09:34] {Threei} .56
[09:35] {Threei} wow HGSI
[09:35] {Threei} cruel
[09:35] {dino} dji filled 6/12 gap too
[09:38] {magoo} etp'atpieatoktad
[09:38] {nemo} eiepqmvowei
[09:38] {Threei} okay... good morning then
[09:38] {Threei} no worky WFC
[09:38] {nemo} funny...I thought I was talking about his mother
[09:39] {magoo} JPM dumping
[09:41] {dino} safm
[09:42] {Threei} DISH
[09:43] {Threei} seome developments in court case with TIVO
[09:43] {Threei} DISH Network Corp Follow Up: Dish seeking to create a 'design-around' to avoid Tivo patent for recorder technology
[09:43] {nemo} wfc vad
[09:44] {Threei} formed .50 - .60 range, more or less
[09:44] {Threei} question is which way to play, and whether it goes after breaking range or just shakes up
[09:46] {Threei} can't get a read on it
[09:47] {Threei} still feels like short to me
[09:47] {Threei} but I was also hunting for RIMM pullback bottom and missed it because of this POS
[09:49] {Threei} RIMM, quick pullback into .20 - .30 is to grab long
[09:49] {Threei} no pullback
[09:51] {BillyD} VAD, OPWV from Friday...low volume though
[09:52] {Threei} 3 break still worth a try
[09:52] {Threei} oops
[09:52] {BillyD} exactly
[09:52] {nemo} wfc broke
[09:52] {Threei} see if it dives back into 3 or just under
[09:53] {Threei} stop under 2.90
[09:53] {dino} sm l safm .35 wide
[09:53] {nemo} CIT 118 million shares so far
[09:55] {Threei} DDSS opened
[09:56] {wulff} LVS no looking back
[09:56] {ese} me thinks WFC is heading up nemo alone with the rest of the financials
[09:56] {Threei} MGM too
[09:56] {ese} along
[09:56] {ese} i'm still long fitb .14 from friday
[09:57] {ese} if the compx breaks above 1902....will start geting out of fitb
[10:00] {Threei} *JUN LEADING INDICATORS: 0.7% V 0.5%E
[10:00] {Threei} - Prior revised from 1.2% to 1.3% (related RTH SPY EUR/USD SHY )
[10:01] {wulff} wasn't sure that WFC break would work
[10:01] {wulff} oh well
[10:04] {Threei} Long Setup: BAC .65
[10:04] {Threei} for scalpers stop under the low of this pullback
[10:04] {ese} out fitb .27 +.13 with 15k of the little buggars
[10:04] {Threei} for day traders under .50
[10:05] {Threei} if loses .55, becomes rather candidate for aggressive entry
[10:05] {cosmo} JASO 4.70 wall fwiw
[10:06] {Threei} let's see if we get double bottom on BAC
[10:06] {Threei} if loses .50 no play
[10:07] {Threei} lost
[10:08] {BillyD} my enthusiasm low this morning so far
[10:09] {Threei} rather usual monday morning...
[10:09] {Threei} everything happens at once and nothing really happens
[10:09] {nemo} that's profound
[10:09] {dino} same here bd
[10:09] {BillyD} lol...good explanation
[10:10] {ese} hmmmmmm....
[10:10] {magoo} who reports tonite?
[10:10] {dino} everybody
[10:10] {BillyD} lol
[10:11] {larisa} CAT tomorrow morning
[10:11] {Threei} I don't see anyone very important today
[10:11] {wulff} below .20 a buy on WFC
[10:11] {nemo}
[10:13] {jfjf64} afl ya lk vad
[10:13] {nemo} you got the magoo disease jf?
[10:14] {Threei} not really jf
[10:15] {wulff} RIMM half lot .40
[10:15] {magoo} MS clubbed vad
[10:15] {wulff} missed
[10:17] {ese} wulff.....i've got a bstop on wfc at .61
[10:18] {ese} if it makes it to that today is should make 26.00
[10:18] {wulff} could be ok.
[10:19] {wulff} I tend to want to be less and buy it now
[10:19] {Threei} considering how it likes to shake, maybe worth a try with more aggressive entry
[10:19] {Threei} kind of .51 if holding .40
[10:20] {dino} safm out .97 ave, +.62
[10:20] {nemo} nice start to a monday Dino, and not a scalp
[10:21] {dino} ty nemo, about time
[10:21] {dino} look at the pullback
[10:21] {nemo} yeah
[10:21] {nemo} might be a double dipper
[10:21] {dino} feels that way
[10:22] {nemo} having said that, you adapted to scalping last week...that was great
[10:22] {dino} 41.05ish perhaps
[10:22] {nemo} or higher low after that rop
[10:22] {dino} sink or swim bro, scalps usually get me out of a funk
[10:23] {dino} makets feel like they want to fill open gap
[10:23] {nemo} safm pretty much maintained .50 support
[10:23] {Threei} Long Setup: HGSI .76
[10:24] {Threei} if stays abovce .65 for scalpers
[10:24] {Threei} .60 for day traders
[10:24] {dino} announcer a bit giddy today
[10:24] {nemo} where, cnbc?
[10:24] {BillyD} HGSI drops in a nasty way
[10:24] {Threei} both are invalidated
[10:25] {dino} yeah, vloume off but laughing all over
[10:25] {nemo} That Kneale guy is a jerk
[10:25] {fernp} BAC double bottom Vad?
[10:25] {nemo} HGSI might be bottoming too
[10:26] {dino} gmcr animal
[10:27] {nemo} HGSI held
[10:27] {Threei} BAC could be if holding .40
[10:28] {fernp} ty
[10:28] {Threei} .50 would be a trigger
[10:28] {Threei} .46 if want more ahhressive
[10:28] {fernp} took .46
[10:30] {Threei} Market Internals update at 10:30amET
[10:30] {Threei} - NYSE volume 255M shares, about 13% below its three-month average; advancers lead decliners by 3.3:1.
[10:30] {Threei} - NASDAQ volume 500M shares, about 10% below its three-month average; advancers lead decliners by 1.7:1.
[10:31] {nemo} Does that mean the HFT guys are sitting this out ? :)
06[10:31] * nemo slaps nemo around a bit with a large conspiracy theory
[10:32] {wulff} would short RIMM here another day
[10:32] {nemo} RIMM looks like it go either way
[10:32] {nemo} we shoulda' wulff
[10:33] {wulff} too much strengh to me
[10:33] {ese} anybody buy anything in biotech......just looking at that up big
[10:33] {wulff} more likely a buy
[10:33] {dino} wulff, on same thought
[10:34] {wulff} needs a big fall here
[10:36] {fernp} stopped BAC stopped HIG. I like mondays :)
[10:37] {nemo} Boomtown Rats
[10:39] {ese} Long wfc .46...removed the bstop at .61
[10:39] {BillyD} maybe HAR gonna capitulate
[10:39] {wulff} RIMM .20
[10:41] {Threei} if stays above 74?
[10:42] {wulff} ya
[10:43] {wulff} NAS not strong though
[10:44] {wulff} missed
[10:44] {dino} qdel .00 l
[10:45] {Threei} RIMM worked
[10:45] {wulff} here it comes ese, WFC
[10:45] {Threei} WFC nice entry, ese
[10:46] {ese} out wfc .57 +.11
[10:46] {ese} tks vad
[10:46] {nemo} 20k little buggers
[10:46] {ese} 4k
[10:46] {nemo} whoa
[10:46] {nemo} Mondays
[10:46] {ese} markets too weak for my liking
[10:48] {ese} although financials and biotech indexes up nicely....6 of one 1/2 dozen of another
[10:48] {dino} rhat sm s .30
[10:49] {jfjf64} cat s .60
[10:50] {jfjf64} 1/1
[10:50] {Threei} WFC consolidates under the high despite marjet pullback
[10:51] {jfjf64} out 2 half
[10:51] {nemo} is that a whole?
[10:51] {magoo} long MS here'
[10:51] {magoo} .19
[10:52] {ese} what do you make of that vad ...worth an entry wfc
[10:52] {Threei} WFC is about to try break
[10:52] {Threei} well
[10:52] {Threei} formally yes, this is pattern I like
[10:52] {ese} but
[10:52] {nemo} volume spike on that thrust to 60
[10:52] {Threei} how it plays out today... really hard to tell
[10:53] {dino} qdel to flat
[10:53] {ese} indeed
[10:53] {dino} rht bstop is .56
[10:54] {dino} to .09 qdel
[10:54] {magoo} l jpm .65
[10:54] {wulff} cannot get a clear feel from anything
[10:54] {Threei} nice on QDEL dino
[10:54] {ese} dino you gonna bstop rht bout this pullback?
[10:55] {dino} to .13
[10:55] {dino} out qdel .13, +.13
[10:55] {dino} rhat hard bstop .56 let it trade
[10:55] {ese} ok
[10:55] {magoo} l wfc .59
[10:56] {dino} its smaller size es
[10:57] {dino} tighten it to .51 mkt no help
[10:57] {ese} nice mags....missed it.....was looking at rht
[10:58] {magoo} im long wfc bac jpm ms
[10:59] {Threei} aren't you a convinced bull
[10:59] {larisa} lol
[10:59] {magoo} just scalps..low conviction
[11:01] {larisa} jf, .60 break on CAT, did you want to capture capitulation selling on it? just curious, interesting entry :)
[11:04] {jfjf64} aggressive entry worked out that way it was settin up on .62 i was goin 2 cents lower for trigger
[11:06] {Threei} WFC looks determined
[11:06] {jfjf64} min off 10.49 low .62
[11:06] {larisa} I know some traders like last furoous wave up or down before trend changes. So many ways to trade :)
[11:06] {larisa} i see
[11:06] {dino} ufpi spike
[11:07] {jfjf64} chk s .06
[11:11] {BillyD} Vad, u in anything
[11:11] {dino} dieeeeeeeeee rhat
[11:11] {Threei} no
[11:11] {BillyD} lol
[11:11] {nemo} not in coma?
[11:11] {Threei} not even in that
[11:11] {jfjf64} invalid
[11:12] {ese} L fitb .20
[11:14] {dino} rht not cooperating, cov -.05
[11:14] {Threei} WFC, that .60 break worked like charm
[11:15] {BillyD} too bad I in hesitant mode
[11:16] {wulff} ditto
[11:16] {magoo} out bac .57+.13
[11:16] {magoo} out jpm .84 +.20
[11:17] {magoo} out wfc .86 + .dunno..forgot entry
[11:17] {magoo} oh.entry .59
[11:17] {Threei} lol
[11:17] {BillyD} wtg
[11:17] {jfjf64} magoo a monster gj
[11:18] {BillyD} PCBC
[11:18] {magoo} stilkl in ms .19
[11:19] {BillyD} Vadn u have any history w. PCBC as breakout stock
[11:19] {Threei} no
[11:19] {Threei} never traded it
[11:19] {BillyD} ok
[11:20] {ese} in general there usually a run up into the lunch hour......seems to me i've been noticing that alot lately?
[11:21] {Threei} "usually" - no
[11:21] {ese} ok
[11:21] {Threei} last few days, yes, seems to be a part of this stealth rally
[11:21] {ese} hmmmmmm
[11:22] {jfjf64} .60 break sd of had that im not happy
[11:22] {jfjf64} wfc
[11:22] {jfjf64} lol
[11:24] {jfjf64} lvs stong guy
[11:31] {Threei} RIMM...
[11:31] {Threei} 75 break if holding .90
[11:33] {Threei} over 1:1
[11:34] {Threei} near 1:2 and market weakens
[11:34] {Threei} I am out
[11:34] {magoo} nice vad
[11:35] {Threei} a bit early it seems
[11:35] {Threei} but heck
[11:35] {nemo} Monday
[11:35] {Threei} I cherish any profitable play today, lol
[11:35] {jfjf64} ty vadddddddddd
[11:35] {Threei} welcome sir
[11:37] {jfjf64} vad anythin lvs ya see
[11:37] {Threei} you mean chart or news?
[11:37] {magoo} HGSI avail short vad, not saying do it
[11:37] {jfjf64} c
[11:38] {jfjf64} chart
[11:38] {Threei} I think it's about done for today jf
[11:38] {jfjf64} ty sirrrrrrrrr
[11:38] {Threei} unless market suddenly goes crazy
[11:39] {Threei} its range for today so far about 1 buck, a bit more
[11:39] {Threei} have a look at its daily
[11:39] {Threei} you will find maybe a day or two in relatively recent history when it had such range
[11:39] {jfjf64} lookin
[11:39] {Threei} ok, 3
[11:41] {ese} i'm out fitb .22 gonna sign off for a not feeling that well.....hopefully see you in a bit
[11:41] {Threei} take care ese, hope it's nothing
[11:41] {dino} isrg
[11:41] {dino} cya es
[11:41] {fernp} bye ese
[11:42] {Threei} I wouldn't go as far as to short it, jf,
[11:43] {Threei} but if it pulls back into .50 - .60 area, I would be interested ikn bounce
[11:43] {Threei} so far magoo takes the cake today
[11:44] {Threei} I am about flat between WFC stop and RIMM profit,
[11:44] {jfjf64} i wd say
[11:44] {Threei} skipped that WFC break at .60
[11:44] {Threei} but magoo had enough conviction to go berserk on us
[11:44] {Threei} with all his permabull mindset
[11:44] {jfjf64} me too dont remind me .60
[11:45] {jfjf64} want to vomit
[11:45] {magoo} hey..i posted timely entries..u could have got in
[11:45] {Threei} ah be a grownup jf... stand up and take the well-deserved beating
[11:45] {Threei} ummm... self beasting rather
[11:45] {Threei} beating
[11:45] {jfjf64} funny
[11:45] {magoo} vad, HGSI short setup?
[11:45] {nemo} you told us what you were in, I don't think you gave your entries
[11:45] {jfjf64} wfc all the time
[11:46] {Threei} not really mags
[11:51] {jfjf64} s cof .93
[11:52] {Threei} actually...
[11:52] {Threei} Short Setup: LVS.93
[11:52] {Threei} if atsya under 10
[11:53] {Threei} a bit late alert...
[11:53] {nemo} too quick
[11:53] {nemo} rimm short
[11:53] {BillyD} nice spot though
[11:53] {jfjf64} yup
[11:53] {Threei} see if gives a bounce
[11:53] {Threei} it started shaping up and then broke down too fast
[11:53] {Threei} alert was .95 break originally
[11:54] {Threei} it broke as I typed and I sacrificed 2 cents
[11:54] {Threei} and even that was late\
[11:56] {BillyD} is LVS over?
[11:56] {Threei} no
[11:56] {nemo} there goes RIMM
[11:56] {Threei} in fact did just what we need to give a second chance
[11:56] {BillyD} i got in but saw it hit .84 1:1
[11:57] {Threei} wait
[11:57] {Threei} news
[11:57] {nemo} ipo
[11:57] {Threei} LVS Exec: Currently in discussions with Macau lenders over fund raising possibilities (9.91, +1.32, 15.37%)
[11:57] {nemo} September IPO
[11:58] {Threei} nothing important
[11:58] {Threei} stop is still above 10
[11:58] {magoo} worried about halt
[11:58] {Threei} - Earlier it was reported that the comapny was planning a Hong Kong IPO in August for its Macau operations
[11:59] {Threei} eeck... look at this:
[11:59] {Threei} TARP Inspector General discloses support by the Fed in financial crisis could reach $23.7 trillion
[11:59] {wulff} I'll write a check
[11:59] {Threei} good boy LVS
[12:00] {jfjf64} nice vad
[12:00] {Threei} 1:1, cover half
[12:00] {Threei} not a scalp most likely
[12:00] {Threei} covered half .83
[12:01] {Threei} stop to .96
[12:01] {Threei} wheeeew... not reaching magoo's greatness levels yet but finally in the black
[12:02] {Threei} US Treasury's Kruger: There are clear signs economy is stabilizing; US stimulus plan appears to be 'on course'
[12:02] {jfjf64} not ther yet .60 break wfc ohh boy
[12:02] {jfjf64} lol
[12:02] {Threei} on collision course?
[12:02] {Threei} Sees employment outlook as facing challenges
[12:02] {Threei} really?
[12:03] {Threei} this market surge is a good test for LVS
[12:03] {Threei} if can't go up, this will be a nicely hooked one for a move to .50-.60 zone
[12:04] {Threei} (UK) BoE's Bean: I do not know where interest rates are going - BBC interview
[12:04] {Threei} ummm
[12:08] {wulff} close one
[12:10] {Threei} ah come on LVS, just die already
06[12:10] * Threei hits LVS over the head with 2x4
06[12:12] * Threei sends LVS black mark in the envelop stamped with parrot on the shoulder of patch-eyed man with wooden leg image
[12:15] {wulff} is this what it is like watching grass grow?
[12:16] {Threei} no, it's like watching painted grass to grow while paint on it dries up
[12:17] {wulff} as the dried paint peels from heat exposure
[12:17] {Threei} in the winter
[12:17] {BillyD} during previous drought
[12:17] {Threei} Prez is coming on TV
[12:20] {BillyD} standoff here
[12:23] {Threei} while this thing decides what to do, take a look at UAUA daily
[12:24] {Threei} looks tipe for a swing trade with .65 trigger
[12:24] {dino} trv l .39
[12:24] {Threei} tipe = ripe
[12:25] {Threei} HGSI Hearing cautious comments from Barclays (timing uncertain) (10.42, +7.10, 213.86%)
[12:26] {Threei} come closer my meatball
[12:26] {BillyD} sounds like a love call....meatball
[12:27] {nemo} Hah!! I was thinking the same thing
[12:27] {dino} that etn report is crap, and it rocks up? horrible is good i guess
[12:27] {Threei} well... I must admit... I am in love with food
[12:27] {Threei} especially meat
[12:30] {wulff} covered
[12:30] {dino} trv to flat thing is stuck
[12:32] {dino} stopped
[12:35] {dino} sm s etn .08
[12:37] {dino} bstop is .41
[12:37] {Threei} RIMM
[12:37] {Threei} looks breaky
[12:37] {Threei} .42 break long
[12:38] {Threei} stop under .30
[12:40] {Threei} out balance LVS
[12:42] {Threei} GS CNBC's Gasparino: Goldman has no plans to relinquish its commercial bank status "in the near term" (159.89, +3.05, 1.94%) (related XLF )
[12:42] {Threei} RIMM 1:1
[12:45] {Threei} Update: US Financial Stability Oversight Board Q2 Report: markets showed noticeable improvement in Q2
[12:45] {Threei} - report says Q2 lending tapered off; both commercial and residential real estate values remain cloudy.
[12:46] {Threei} CNBC updates CIT story: sources say govt has not ruled out any assistance for CIT
[12:52] {dino} etn stopped -.33
[12:53] {dino} f'ing rinse
[12:54] {dino} hate nyse
[12:54] {wulff} one for you dino, TSRA
[12:56] {dino} ty wulf
[12:58] {dino} either .44 or .00
[12:59] {wulff} later all
[12:59] {BillyD} bye wulff
[13:00] {dino} cya wulff
[13:00] {dino} etn last try sm s .14 stop .46
[13:02] {dino} tsra sm l .50, stop .19
[13:09] {dino} etn stopped done w/it
[13:10] {Threei} LVS says we shaould have kept stop at the original level?
[13:10] {fernp} yeah
[13:10] {Threei} I would just hate to return profit
[13:10] {BillyD} I thought about reentering when mkt droppped but passed
[13:10] {Threei} so did I
[13:11] {BillyD} safe is good these days in keeping profit
[13:11] {Threei} I am getting this feeling... August may not be as dead as usually
[13:11] {Threei} feels like something is brewing
[13:11] {BillyD} hope you are right
[13:11] {Threei} and even if not... the way I see it is,
[13:12] {Threei} we will sail through it safe and with smallish profits,
[13:12] {Threei} and then fireworks bound to begin
[13:12] {BillyD} your winning picks ratio is very high
[13:12] {Threei} this is market is pregnant with something big
[13:12] {BillyD} right now
[13:12] {Threei} no idea which way but
[13:12] {Threei} no, not right now
[13:13] {Threei} ok, speaking of fireworks
[13:13] {Threei} I added new section to a website
[13:13] {Threei} some thing like, umm, relief zone
[13:13] {Threei} here is first post
[13:13] {Threei}
[13:14] {Threei} just want some self-expression opportunity for my artistic self, lol
[13:15] {BillyD} cool photos...where did you buy them?
[13:15] {BillyD} hehe
06[13:15] * Threei slaps BillyD around a bit with a large ofended ego
[13:15] {fernp} nice photos
[13:15] {BillyD} roflol
[13:15] {Threei} ty
[13:16] {Threei} I intend to update it now and then,. more actively at the start,
[13:16] {Threei} then as new photo opportunities comes along
[13:17] {Threei} so, who is inyerested to see my creations, use ATOM feed and whatever is there to get informed of new updates
[13:17] {Threei} or just drop by once a week :)
[13:18] {Threei} LVS puzzles me
[13:18] {Threei} sure it dfropped into 1:1 level again,
[13:18] {Threei} but market dropped much more
[13:19] {BillyD} it's in its own world
[13:19] {Threei} not sure there is a play in it on a short side anymore
[13:19] {BillyD} .80 suuport is strong
[13:19] {Threei} yeah
[13:19] {Threei} I guess I'll leave it alone
[13:19] {BillyD} RIMM bdn maybe 75
[13:20] {Threei} want a bounce first
[13:20] {Threei} and staying under .15
[13:20] {BillyD} ok
[13:21] {Threei} big bid got taken out
[13:21] {Threei} may niot even get bounce
[13:21] {Threei} ok... if market breaks down here
[13:22] {Threei} Short Setup: RIMM 75 break if stays under .15
[13:25] {Threei} so far so good
[13:25] {BillyD} yes
[13:25] {Threei} all components are in place, need trigger
[13:26] {BillyD} take trigger even if mkt doesn't breakdown?
[13:26] {Threei} Prez on TV
[13:26] {Threei} well, unless market spikes
[13:26] {Threei} then it would be a trap
[13:26] {BillyD} ok
[13:27] {Threei} imagine: market spikes, RIMM breaks 75 quickly,
[13:27] {Threei} I'd rather be a buyer on spike down :)
[13:27] {Threei} and profiting from trap shutting on non-observant shorters
[13:28] {Threei} when RIMM spikes on them
[13:28] {BillyD} true
[13:33] {BillyD} stubborn here
[13:37] {Threei} never triggered
[13:37] {Threei} and invalidated
[13:38] {Threei} as Russian poet said... thousand tons on word ore is burned for single word's sake
[13:38] {Threei} Larisa knows the name of the poet
[13:38] {Threei} on = of
[13:39] {Threei} sheesh... I can't eve retype what he came up with
[13:44] {Threei} The 'Department of Energy' was instituted on 8-04-1977
[13:44] {Threei} IT HAS 16,000 FEDERAL EMPLOYEES
[13:44] {nemo} yeah, to make us independent from foreign oil...successful huh?
[13:45] {Threei} reason given for the establishment of the DEPARTMENT OF ENERGY:
[13:45] {Threei} good job has it done
[13:49] {magoo} read RIMM vad?
[13:50] {Threei} trying to get a feel for tnhe market mags
[13:50] {Threei} RIMM will do what NASDAQ will
[13:50] {Threei} spiked with it
[13:50] {magoo} HGSI
[13:58] {Threei} HGSI maybe preparing surprise...
[13:58] {magoo} think its going to new high
[13:58] {magoo} DANGEROUS
[13:58] {Threei} understatement of the century
[13:58] {Threei} scary as Goldman Sachs coming to your prom night
[14:02] {jfjf64} here zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:06] {Threei} NYSE volume 615M shares, about 13% below its three-month average; advancers lead decliners by 2.9:1.
[14:06] {Threei} - NASDAQ volume 1.27B shares, about 12% below its three-month average; advancers lead decliners by 1.3:1.
[14:07] {Threei} well, if want to try...
[14:07] {Threei} .80 break
[14:07] {Threei} stop under .65
[14:07] {jfjf64} ??
[14:07] {magoo} which?
[14:07] {Threei} ???
[14:07] {Threei} HGSI???
[14:07] {magoo} in .50
[14:12] {Threei} market starts setting the scene for new highs it seems
[14:13] {Threei} let's see if RIMM holding above .15
[14:14] {Threei} if so, next market spike is signal for RIMM entry
[14:15] {magoo} HUGGIES
[14:15] {magoo} HGSI
[14:15] {Threei} uh oh
[14:16] {Threei} magoo is getting emotional
[14:16] {Threei} mushy mashy
[14:16] {Threei} that can't be pretty
[14:16] {magoo} drinking with vad..."i luv u man..."
[14:16] {magoo} im thinking near 12 todfay...but nasty
[14:16] {Threei} yeah, that's when I usually start hiding
[14:17] {BillyD} RIMM when?
[14:17] {Threei} troubles me with this delay
[14:17] {Threei} .30 break
[14:17] {Threei} and let's hope it was just a delay
[14:18] {Threei} HGSI 1:1
[14:18] {Threei} decide half or scalp
[14:18] {Threei} hard to tell
[14:18] {magoo} if IF gets high...LOOK OUTTTTTTTTT
[14:18] {Threei} true
[14:18] {Threei} and if doesn't... watch out
[14:19] {magoo} 11.40 area..breather and blast off
[14:19] {Threei} after all, stock is up frigin 7 and galf
[14:19] {Threei} half
[14:19] {magoo} fasten seat belts
[14:19] {magoo} AAAAAAAAAADDDDD
[14:19] {BillyD} was HGSI official call
[14:19] {Threei} there is nothing over its head, but there is plenty of air under it jujst the same
[14:20] {Threei} [14:07] {Threei} well, if want to try...
[14:20] {Threei} [14:07] {Threei} .80 break
[14:20] {Threei} [14:07] {Threei} stop under .65
[14:20] {Threei} take it as you wish
[14:20] {Threei} risk is enormous
[14:20] {magoo} artapreo
[14:20] {BillyD} ok
[14:20] {Threei} so I try to keep it diacretionary
[14:20] {BillyD} makes sense
[14:20] {BillyD} some yo will give set up but not take yourself
[14:21] {Threei} 1:2 almost
[14:22] {Threei} if I don't give it a color alert it doesn't necessary mean I wouldn't take it
[14:22] {Threei} just that it's discretionary
[14:22] {Threei} more risky thasn usual
[14:22] {Threei} Johnk, welcome aboard
[14:23] {JohnK} thx T
[14:23] {BillyD} out RIMM
[14:23] {Threei} belle too... not here right now
[14:23] {JohnK} do we have a RIMM alert?
[14:23] {Threei} nah
[14:23] {Threei} something isn't right with it
[14:23] {JohnK} OK thx
[14:23] {Threei} it moves with market as it should,
[14:24] {Threei} but it gives such strange delaysd
[14:24] {Threei} much longer than usdually
[14:24] {Threei} normally it's much more responsive
[14:24] {jfjf64} ty hgsi
[14:24] {BillyD} this mkt fallback is no help
[14:25] {jfjf64} +13cents
[14:25] {Threei} how did I know jf would go for HGSI
[14:25] {dino} rht sd .12
[14:25] {dino} sd=s
[14:25] {jfjf64} is that good thing or bad sir
[14:26] {jfjf64} lol
[14:26] {Threei} neither
[14:26] {Threei} just stating the fact...
[14:26] {Threei} and showing off my observancy
[14:26] {jfjf64} better then ya pictures
[14:26] {jfjf64} lol
[14:27] {Threei} watching trades you guys report I get pretty good feeling whose trading style is likely to get them into this or that setup
[14:27] {Threei} and don't think I'll forget that jf
[14:27] {larisa} lol
[14:27] {Threei} revenge is a dish best srved cold
[14:28] {Threei} I'll have mine when you least expect that
[14:30] {jfjf64} .80 break cof
[14:31] {jfjf64} need market help
[14:31] {jfjf64} fas goin
[14:32] {Threei} that's something we haven't payed in ages
[14:33] {jfjf64} yup
[14:35] {jfjf64} cant get pass r1 fas
[14:36] {jfjf64} hmm
[14:39] {larisa} HAR can not produce any decent bounce so far
[14:43] {Threei} Fed's Lockhart: Open minded about extending Treasury purchase program, will be discussed at next meeting
[14:47] {Threei} CIT Group Inc The purported $3B in rescue financing will reportedly be split in two sections; $2B to be provided on Monday, with the remaining sum in the near future - unconfirmed report
[14:50] {magoo} HGSI
[14:52] {BillyD} CAT is strong
[15:00] {Threei} (US) Interior Dept proposes banning new uranium mines on around 1M acres neary the Grand Canyon (related USU USEG FRG URZ )
[15:02] {magoo} HGSI
[15:03] {Threei} wow
[15:05] {Threei} don't see aything for this spike
[15:09] {magoo} HUGGYBEAR
[15:21] {magoo} vads, finf my 12 call
[15:25] {Threei} really tempted to short it
[15:28] {Threei} would be nice if I found guts, lol
[15:28] {magoo} i just exited .11.79
[15:28] {fernp} lol
[15:28] {magoo} like fvrom 10.50
06[15:28] * Threei slaps magoo around a bit with a large roll of cash
[15:39] {Threei} 12
[15:39] {Threei} ok, here it comes:
[15:39] {Threei} magoo was right
[15:40] {Threei} magoo faints
[15:47] {Threei} MKTX CEO: Expecting a better Q2 due to higher bond trading volumes; expect profits to be increased by CDS trading reforms (10.74, -0.12, -1.10%)
[15:51] {Threei} sheesh
[15:52] {Threei} President will address the nation on Wed at 8 pm
[15:55] {Threei} CNBC's Liesman: Treasury reacts to report by the TARP inspector General; the $23.7 trillion figure is inflated
[15:56] {larisa} by 0.7 :)
[15:56] {Threei} OGXI To raise $9.5M by selling 475K shares
[15:56] {Threei} lol larisa
[15:56] {Threei} if not by .35
[15:57] {Threei} selling 475K shares at $20/share
[15:58] {Threei} Treasury notes that cash outlays so far in the financial crisis are approx $2 trillion
[15:58] {Threei} are they saying inspector general can't count?
[15:59] {BillyD} he meant 2.7 not 27
[15:59] {BillyD} not 23.7
[15:59] {Threei} whatever
[16:00] {Threei} they can share abacus I'd think
[16:00] {larisa} poor HGSI shorts
[16:00] {Threei} thank you all, have a good evening
[16:00] {Threei} see you tomorrow
[16:00] {larisa} bye all
[16:00] {BillyD} cya
[16:01] {fernp} see u tomorrow. good evening all

Friday, July 17, 2009

Jul 17 2009

Nice profitable end to a nice profitable week. AIG long identified as a more than scalp worked and indeed brought nice gain about 50 cents. RIMM worked as well on a long side; BRCX decided to shake us out for a small stop on half lot which couldn't spoil the day.

Session Time: Fri Jul 17 00:00:01 2009

[08:46] {cosmo} BCRX) today announced positive results from two Phase 3 studies of intrav
[08:46] {cosmo} enous (i.v.) peramivir in patients with seasonal influenza.
[08:48] {cosmo} the i.v. model is so sheek....
[08:49] {cosmo} portable i.v. that is
[08:51] {Threei} Good morning
[08:51] {Threei} NVAX is moving in sympathy with BCRX I guess
[08:53] {dino} gm all
[08:53] {Threei} dino :)
[08:56] {magoo} morning
[08:57] {Threei} magoo :)
[08:57] {magoo} hi vad
[08:57] {Threei} keep an eye on BCRX
[08:58] {cosmo} CHINA?
[08:58] {Threei} may turn one of those.. huge gap, consolidation, then incredible follow through
[08:58] {magoo} wow..ok
[08:58] {magoo} which banks reported this morn
[08:58] {Threei} CHINA raised to Outperform from Underperform
[08:59] {Threei} price target $2.50
[08:59] {Threei} Earnings
[08:59] {Threei} Before the Open: AOS, BMI, BAC, BBT, C, FHN, GE, MI, MAT, PRSP, WBS.
[09:00] {magoo} BAC not so good i guess?
[09:01] {Threei} BAC Reports Q2 $0.33 v $0.28e, R $32.8B v $33.1Be
[09:17] {ese} good morning
[09:17] {Threei} ese :)
[09:20] {magoo} wasc good?
[09:20] {magoo} C
[09:21] {Threei} C Reports Q2 -$0.27 v -$0.37e, R $22.0B v $22.4Be
[09:24] {fernp} good morning everybody
[09:24] {magoo} keep eye on C vad..u got 2 left
[09:24] {Threei} fern :)
[09:25] {Threei} C is easy
[09:25] {jfjf64} mornin all
[09:25] {Threei} 3.21 is two days resistance, and bumping into it again
[09:25] {Threei} jf :)
[09:26] {Threei} was also a high on 06/19
[09:26] {jfjf64} what we lookin for in C vad late start here my friend
[09:26] {Threei} watching C by magoo's request,
[09:26] {Threei} and BCRX
[09:26] {jfjf64} magoo the man
[09:27] {Threei} if fails, it's his fault
[09:27] {jfjf64} of cause
[09:27] {magoo} it runs to 4 i get 2 months free ok?
[09:27] {magoo} BAC to vad..use another eye
[09:27] {jfjf64} ofcause
[09:28] {BillyD} gm all
[09:29] {Threei} Billy :)
[09:30] {texus} gm all
[09:30] {ese} corection today perhaps
[09:30] {Threei} texus :)
[09:31] {ese} texus!!!! welcome
[09:32] {dino} gm tex
[09:32] {dino} bcrx
[09:33] {ese} that ones interesting dino
[09:34] {texus} ty and g'morning:)
[09:34] {Threei} Long Setup: C 3.22 if stays above 3.10
[09:35] {BillyD} SMTC over .60 VAD
[09:35] {nemo} patience, you been killing it with tck lately?
[09:35] {BillyD} can be a spread changer though
[09:36] {cosmo} BCRX 6.40 hod
[09:36] {cosmo} ...needs to hold 6
[09:36] {cosmo} imo
[09:37] {dino} thinking short cos, fwiw
[09:38] {cosmo} hmmm
[09:38] {dino} mmmmh
[09:38] {cosmo} thinking valadation of support
[09:38] {dino} can't borrow cyber
[09:39] {magoo} CRAP AIG
[09:40] {magoo} may be a player vad AIG
[09:41] {Threei} looks like'nice pace
[09:41] {dino} sds l .75
[09:41] {ese} L yhoo .76
[09:42] {magoo} BAC
[09:43] {dino} stopped sds -.15
[09:43] {ese} yhoo stopped .70
[09:43] {patience} good morning nemo, just got out of tck this morning...+.76 today :)
[09:43] {ese} -.06
[09:43] {nemo} thought you might be there
[09:43] {patience} went camping on hornby island, left it to run and it did well while i was gone
[09:45] {BillyD} narrow range so far
[09:46] {nemo} fcx and tck killing it
[09:46] {_mikej} c still good
[09:46] {nemo} never broke .10
[09:47] {Threei} I start thinking, aggressive entry is better idea on C
[09:47] {Threei} pullback closer to .10, let's take it and keep tight stop just under it
[09:47] {_mikej} what that mean
[09:47] {_mikej} ok
[09:47] {magoo} whats your thoughts BCRX
[09:48] {magoo} lets watch AIG for pullbk
[09:48] {Threei} Long Setup: BCRX 6.10 break if stays above 6
[09:48] {ese} l yhoo .77
[09:48] {magoo} not avail gay
[09:48] {dino} sds rinsed
[09:49] {Threei} mike,
[09:49] {Threei}
[09:49] {magoo} BACon a player
[09:49] {ese} out yhoo .82 +.05
[09:50] {fernp} gj ese
[09:50] {Threei} first strength from here, C
[09:50] {Threei} and only if holding above .10
[09:50] {ese} tks
[09:50] {nemo} markets dumping
[09:50] {Threei} BCRX invaliated
[09:51] {magoo} thats avail short if sets up boss
[09:52] {Threei} well... 6 was a short trigger by definition
[09:52] {Threei} C
[09:52] {Threei} upticks
[09:52] {Threei} stop under .10
[09:52] {magoo} AIG trying 14
[09:53] {Threei} Long Setup: AIG .80 break
[09:53] {Threei} stop under .60
[09:55] {Threei} if this one works, it's not a scalp
[09:55] {Threei} 14 is not a ceiling for it
[09:55] {Threei} 15 is not out of question
[09:56] {magoo} in
[09:56] {magoo} lets RIIPPPPPPPPPPP
[09:58] {Threei} offering 1/4 14.05
[09:58] {magoo} WHAT???
[09:58] {Threei} what what?
[09:59] {Threei} just 1/4, not even 1/2, and over 1:1
[09:59] {Threei} gotta manage risk ya know
[09:59] {Threei} it's AIG
[09:59] {Threei} hit
[09:59] {Threei} 1/4 out
[09:59] {dino} 7 up days in row on naz
[09:59] {Threei} offering 1/4 more 14.25
[10:00] {Threei} stop under b/e
[10:01] {jfjf64} aaaaaaaaaaaaaaiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiigggggggggggggggggggg
[10:01] {Threei} control yourself young man
[10:02] {magoo} covered AIG
[10:02] {texus} did anyone else have buying power issues with AIG?
[10:02] {Threei} covered?
[10:02] {magoo} only quarter left
[10:03] {magoo} whatever
[10:03] {magoo} i got other stuff goin
[10:03] {magoo} BAC
[10:03] {Threei} excuse me... you yelled at me for exiting 1/4?
[10:03] {magoo} SO?
[10:03] {Threei} texus... no...
[10:03] {magoo} :)
[10:03] {magoo} good thing your room here isnt skype
[10:03] {dino} you should hear him yell at me
[10:03] {magoo} i yell at u all day
[10:04] {jfjf64} go babbbbbyy go
[10:04] {Threei} lol, my sympathies dino
[10:04] {Threei} true mags
[10:04] {Threei} what was I thinking
[10:04] {dino} sometimes i just shut the door
[10:04] {magoo} i added
[10:04] {Threei} hit on the next 1/4
[10:04] {magoo} gonna ,ake millions
[10:04] {Threei} offering next one .45
[10:05] {BillyD} out in full AIG ty Vad & Magoo for alert
[10:05] {dino} skbi
[10:05] {Threei} welcome sir
[10:05] {Threei} told ya not a scalp
[10:05] {Threei} good thing you trusted me
[10:05] {jfjf64} lucky guess
[10:05] {BillyD} it is
06[10:06] * Threei slaps jfjf64 around a bit with a large roll of cash
[10:06] {jfjf64} aaaaaaaiiiiiiiiigggggg lol ty
[10:07] {magoo} BACon hangin in
[10:07] {dptl} morning all
[10:07] {Threei} dp :(
[10:08] {BillyD} Vad, what was your indication on AIG being more than scalp?
[10:08] {Threei} insane pace... saw that zillion times with runners
[10:08] {Threei} huge pressure
[10:08] {jfjf64} vodka billy d vodka
[10:08] {Threei} that too
[10:08] {jfjf64} lol
[10:09] {jfjf64} ya da man
[10:09] {Threei} C no go
[10:09] {BillyD} lol
[10:09] {Threei} out 1/4 more AIG if loses .30
[10:09] {Threei} there, out
[10:09] {Threei} last piece has the same stop, under .80
[10:10] {dino} sds l .65
[10:10] {Threei} so far, +.25, +.45 and +.48
[10:10] {jfjf64} lk ya style youg man
[10:10] {Threei} hehe
[10:11] {Threei} two old farts calling each other "young man" with this indulgent look
[10:12] {Threei} mags, admin asked you to check your e-mail
[10:12] {jfjf64} plays lk that keep us young strog
[10:13] {jfjf64} vad check ge pls ya lk
[10:13] {Threei} not really... struggle
[10:13] {Threei} me like easy money
[10:13] {Threei} GE is not
[10:14] {Threei} it may work but it will torture you
[10:14] {magoo} dcc
[10:14] {magoo} vad
[10:14] {Threei} each uptick will be a battle
[10:14] {jfjf64} ty
[10:16] {Threei} BCRX flatlined
[10:16] {Threei} this kind can resume march later on when they flatline this high in thr gap
[10:16] {magoo} RIMM vad
[10:16] {magoo} may be bounce
[10:17] {Threei} BCRX
[10:17] {Threei} Long Setup: BCRX .10 break if holding above 6
[10:18] {BillyD} lol
06[10:18] * magoo slaps BillyD around a bit with a large trout
[10:18] {Threei} valid still
[10:18] {magoo} no laughing..cant focus he he
[10:18] {Threei} RIMM .70 mags
[10:18] {Threei} aww
[10:18] {Threei} late
[10:18] {Threei} see if pulls back
[10:18] {jfjf64} you likey
[10:18] {BillyD} it was funny
[10:20] {Threei} so that I don't repeat the call:
[10:20] {Threei} if it goes above 6,
[10:20] {Threei} makes couple moves between 6 and 6.10
[10:21] {Threei} then breaks, it's valid again
[10:21] {Threei} RIMM back into call
[10:21] {Threei} .70 break
[10:21] {jfjf64} .10 break vad
[10:21] {Threei} stop under .60 for scalpers
[10:21] {Threei} under .50 for daytraders
[10:22] {Threei} over 1:1 for scalpers
[10:22] {Threei} over 1:2 for daytraders
[10:23] {Threei} 1:1
[10:23] {dino} sds stopped-.15
[10:23] {tomg} ty rimm, vad
[10:23] {magoo} out .91 TY FL
[10:23] {Threei} :)
[10:23] {Threei} that's what I call easy money
[10:23] {Threei} how hard was that?
[10:23] {magoo} i make the snowballs...vad throws them
[10:23] {jfjf64} lol
[10:24] {magoo} good team
[10:24] {Threei} may I offer one more application
[10:24] {Threei} you line up idiots along the wall... I shoot them
[10:25] {Threei} older I become lwess tolerance for idiots I have :)
[10:25] {jfjf64} aig
[10:25] {Threei} last piece of AIG is still here
[10:26] {Threei} stop under .80
[10:26] {Threei} not sure about target
[10:26] {jfjf64} im all out
[10:26] {Threei} will see how it goes
[10:26] {Threei} BCRX has this feel about it
[10:26] {Threei} 'I will kill a lot of you shorts"
[10:27] {wulff} .10 still you say
[10:28] {Threei} yup
[10:28] {Threei} may take a few tries as it shakes out
[10:28] {Threei} not an easy stock
[10:28] {jfjf64} lk that yup
[10:30] {wulff} AAPL over 150
[10:32] {Threei} let's change the idea on BCRX
[10:32] {Threei} see big offer at 6.01?
[10:32] {Threei} half lot long if breaks it while holding above .90
[10:33] {Threei} then if not stopped, add half lot on 6.10 break
[10:33] {Threei} and move stop to the low between these two events
[10:34] {Threei} makes sense?
[10:34] {nemo} clear as mud
[10:34] {ese} l yhoo .84
[10:34] {jfjf64} 6.01 break correct
[10:34] {BillyD} if BCRX breaks .01 and holds .95 then .95 is stop right?
[10:35] {Threei} no, for the first half lot .90
[10:35] {BillyD} ok
[10:35] {nemo} there are big orders at 600 an 6.02 also
[10:36] {BillyD} readjust stop if only breaks .10 right
[10:36] {Threei} they don't matter nemo
[10:36] {Threei} one at 6.01 does
[10:36] {ese} Daaaaaaaaaa!!!!!!! get up there
[10:41] {BillyD} in .01
[10:42] {BillyD} Am I in premature vad
[10:42] {dino} lol
[10:42] {BillyD} lol
[10:42] {dino} going down gut says
[10:43] {BillyD} why I ask
[10:43] {dino} sds l .50
[10:45] {Threei} okay... let's do it BCRX
[10:45] {Threei} so far everything according to a plan,
[10:45] {Threei} the rest is up to trading gods
[10:45] {Threei} they smile or they frown
[10:46] {nemo} look at the order at .05
[10:46] {Threei} nice order
[10:46] {Threei} juicy
[10:48] {Threei} watch now where we bottom out, that will be an indication where to trail the stop if we get a trigger for another half
[10:49] {jfjf64} wher is ya stp on this piece
[10:50] {nemo} .90
[10:50] {Threei} right under
[10:50] {ese} yhoo stopped .75 -.09
[10:50] {nemo} the proverbial "hair"
[10:50] {Threei} that's important diastinction
[10:51] {Threei} holding or losing the actual support
[10:51] {ese} this is not my day......
[10:52] {ese} as vad says " sometimes you are the windshield.....sometimes you are the bug!"
[10:53] {nemo} holding so far in a down market
[10:53] {nemo} kinda'
[10:55] {wulff} love that saying
[10:56] {ese} I like it too when it's not me
[10:57] {nemo} look at that bid at .98
[10:58] {nemo} gone
[10:58] {cosmo} 'don't be the bug; be the helmet'
[10:58] {cosmo} old biker saying....
[11:00] {nemo} Vad, if it chews through that big orer at .92, woul that be a good stop?
[11:00] {nemo} bid that is
[11:00] {ese} nice cos....... i like that better
[11:00] {dino} out sds .70, +.20
[11:00] {Threei} you are that eager to save 3 cents on half lot?
[11:01] {nemo} no, avoid slippage if it cracks the stop
[11:01] {cosmo} it goes better with music
[11:01] {Threei} then weigh it against being shaken out
[11:05] {ese} true
[11:05] {nemo} ese, did you ever hear of John Valbe?
[11:07] {Threei} done with AIG
[11:07] {BillyD} it was a good trade VAD
[11:07] {Threei} ty
[11:12] {fernp} have to go. see u on monday. good weekend to all
[11:13] {Threei} take care fern, have a good one
[11:13] {magoo} u too fern
[11:13] {BillyD} mkt seems to be in coma already
[11:21] {dino} sds s .75
[11:21] {jfjf64} what happen to easy moneyyyyyyyyyyyy
[11:22] {nemo} summer friday heading into lunch
[11:22] {Threei} it doesn't exist after morning rush is over
[11:22] {Threei} not in the summer
[11:22] {Threei} not on Friday
[11:22] {nemo} not at lunch
[11:23] {wulff} options exp.
[11:24] {Threei} no worky BCRX
[11:24] {nemo} there's that slippage
[11:24] {dino} cov sds .63, +.12
[11:25] {magoo} l MS .64
[11:25] {Threei} what slippage did you get??
[11:25] {Threei} .89 was there, .88 was there
[11:25] {nemo} .84
[11:25] {Threei} ???
[11:25] {Threei} you are kidding
[11:26] {nemo} no, blasted right through, I hit the button at .89 it just fell so I hit market sell
[11:26] {dino} nemo never kids
[11:26] {nemo} you had 3 or 400 shares at those levels...with you in there, that would gobble them up
[11:27] {nemo} shoulda' shorted :)
[11:34] {dino} tight range day
[11:34] {BillyD} yeah, NDX 10 pts
[11:37] {wulff} WFC
[11:38] {Threei} (US) White House Advisor Summer: Rising unemployment does not serve as apt basis for concluding that stimulus is falling short
[11:38] {Threei} - Rise in productivity during recession may be a sign of additional financial pressures on firmsmore... (related EUR/USD )
[11:48] {dino} sds l .75
[11:49] {ese} l fitb .14
[11:49] {nemo} not much movement, but volume pretty good
[11:49] {nemo} oil up big today
[11:50] {wulff} JPM long maybe, over .80
[11:54] {BillyD} I like COT setup but not today
[11:54] {BillyD} before it broke
[12:05] {wulff} Got WFC at .61 but got scared and sold early
[12:13] {nemo} MOS on a tear today
[12:15] {magoo} POT too
[12:15] {nemo} 4:1 % wise on MOS
[12:15] {nemo} well...3:1
[12:18] {BillyD} Vad, you watching BCRX
[12:18] {Threei} not sure for what
[12:18] {Threei} no pattern
[12:19] {BillyD} want to short but action says no
[12:19] {BillyD} just based on top of range
[12:22] {Threei} server bump?
[12:22] {BillyD} not here
[12:23] {dino} here
[12:27] {dino} upside has been relentless
[12:27] {nemo} all week
[12:27] {dino} y
[12:27] {BillyD} and downside the week before
[12:27] {Threei} Long Setup: RIMM .30 break
[12:27] {Threei} if stays above .20
[12:28] {ese} well I never!!!!!!!
[12:31] {dino} nor i
[12:35] {ese} could anything less be happening.........
[12:35] {nemo} there was plenty happening, we were just in the wrong places
[12:35] {jfjf64} good weekend all
[12:35] {Threei} see you in a year
[12:35] {Threei} take care jf
[12:36] {dino} cya jf
[12:36] {ese} cya jf
[12:36] {jfjf64} lotta fun this week goin to bank
[12:36] {jfjf64} lol
[12:36] {Threei} wtg
[12:36] {jfjf64} ty
[12:36] {Threei} but I am still leaving for a year
[12:36] {jfjf64} ese will tk ya spot
[12:36] {dino} gj
[12:37] {jfjf64} i bet he will hv music in background
[12:37] {ese} you bet
[12:38] {magoo} in rimm
[12:41] {magoo} CIT goin
[12:44] {nemo} anybody think MOS might be looking like a short?
[12:45] {nemo} guess not
[12:47] {magoo} kickin rimm
[12:49] {magoo} pulled a muscle dammit
[12:49] {nemo} stop "Web" surfin'
[12:49] {nemo} there goes mos
[12:53] {magoo} out rimm flat
[13:00] {ese} the myth of the "BLUSHDA" L=left R=right small l or r are grace we go..... rL rrL rL rrL etc etc lR llR lR llR....try it in triplets and sixteens next time you have time at home.....thank you....thought this would brighten your day
[13:00] {nemo} Somebody think up something creative with which to SMACK ese!
[13:02] {ese} whaaaaaaaa??????? nobody wants to be a drummer........auch du miya.........i'm hurt
[13:03] {nemo} Oy weh.
[13:06] {Threei} lol BCRX... now it decided to go?
[13:06] {nemo} and look at MOS
[13:07] {Threei} sorry... I don't care about MOS... that's dino's risk profile, not mine
[13:07] {nemo} Dino...look at MOS
[13:11] {dino} takeover rumors
[13:12] {dino} markets maybe rollingover
[13:12] {nemo} yeah, actually I was just busting when I was calling for opinions on a short @53
[13:13] {dino} thinking about going short
[13:14] {dino} markets that is
[13:14] {nemo} C U Monday
[13:14] {dino} cya nemo
[13:15] {Threei} lol... that's disgusting behavior by BCRX
[13:15] {BillyD} it's rude
[13:15] {Threei} very
[13:16] {Threei} this is what it was supposed to do back then
[13:20] {magoo} reload rimm ..28
[13:26] {_bradc} are you in rimm?
[13:27] {Threei} am not
[13:28] {magoo} i am .28
[13:28] {magoo} trying to exit .44
[13:30] {BillyD} magoo having to work for every penny on RIMM
[13:30] {magoo} out ..yea..and im lazy bastard
[13:33] {magoo} ty rimm boss
[13:45] {Threei} up we go some more
[13:46] {BillyD} just hard to play these breaks due to stops to wide
[13:46] {BillyD} a spike down and you are stopped
[13:46] {Threei} this is not a breakout game right now, I agree
[13:46] {Threei} pullbacks, yes
[13:46] {Threei} breakouts are mostly traps
[13:47] {BillyD} good entries are key
[13:49] {_bradc} on rimm the range was between .20 and .40, what did you see that made you call long at .30?
[13:50] {magoo} ill tell u what i saw..aapl finally started to break out, so i hit rimm
[13:51] {Threei} that trade long invalidated
[13:51] {magoo} it was .28 when aapl too its day highh of .45
[13:51] {Threei} the one magoo did came way later and was not directly tied into my call, other than general idea
[13:51] {Threei} at the time, idea of the trade was:
[13:51] {Threei} range .20 - .40,
[13:52] {Threei} hate to play breakout since stop would have to be so wide,
[13:52] {Threei} so want to try and get pullback,
[13:52] {BillyD} AAPL nice here
[13:52] {Threei} stock pulls under .30,
[13:52] {Threei} stabilizes,
[13:52] {Threei} bums into .30 couple times forming little resistance,
[13:52] {Threei} so we have minirange .20 - .30
[13:53] {Threei} and .30 becomes a trigger for a pullback entry.
[13:53] {Threei} Much closer to support, stop is way narrower
[13:53] {Threei} kind of semi-agressive entry
[13:53] {_bradc} thank you very much
[13:54] {Threei} sure thing
[13:54] {magoo} have a fish
06[13:54] * magoo slaps _bradc around a bit with a large trout
[13:54] {Threei} sigh... rite of passage
[13:55] {_bradc} more trout please
[13:56] {Threei} careful... with magoo around won't have to ask twice
[13:56] {BillyD} Vad, does your NQ chart lag a few seconds behind compared to main stocks when they follow (AAPL{ RIMM) & breaking up before seen on NQ chart
[13:56] {Threei} gotta watch in each particular case Billy
[13:56] {Threei} someof them sometimes lead, some follow
[13:57] {Threei} it's nto once and forever established relation
[13:57] {BillyD} was curious in more general rule
[13:57] {magoo} u using naz or q billy, im using Q chart
[13:57] {BillyD} q
[13:57] {BillyD} like AAPL moved thru .31 hitting .36 before uptick on Q chart
[13:57] {Threei} there is no general rule... some stock follow, some lead
[13:58] {Threei} some don't care
[13:58] {Threei} and any of them can change tomorrow
[13:58] {dino} ge hl l .75 stop lod
[13:58] {BillyD} so I shouldn't put too much stock into it
[13:59] {Threei} my favorites are those that follow with little delay
[13:59] {BillyD} yeah, that is the best way to work it
[13:59] {BillyD} otherwise hit and miss
[14:00] {magoo} WFC short
[14:01] {magoo} aapl sh .25
[14:01] {Threei} what the
[14:02] {Threei} mibbit must be acting up
[14:02] {magoo} aapl stop .40
[14:03] {magoo} 25 stop .wfc
[14:03] {magoo} imposs to short these days
[14:04] {magoo} stooped
[14:04] {BillyD} mkt climbs a wall of worry
[14:04] {BillyD} hard to get good follow thru
[14:04] {Threei} why are you fighitn the tape mags
[14:04] {Threei} there is nothing to indicate short
[14:05] {magoo} looked like rolling over
[14:05] {magoo} duped me
[14:12] {BillyD} BCRX looked like it was heading up to the .50 area and died
[14:13] {dptl} ok...done for today....have a good weekend all
[14:13] {BillyD} bye dp
[14:14] {dino} cya dp
[14:16] {Threei} take care dp
[14:17] {magoo} bye dp
[14:18] {Threei} magoo
[14:18] {Threei} loom to your right
06[14:18] * magoo slaps laserdave around a bit with a large trout
06[14:18] * magoo slaps laserdave around a bit with a large trout
06[14:18] * magoo slaps laserdave around a bit with a large trout
[14:18] {Threei} fish abundance
[14:19] {magoo} thanx for notice
[14:19] {Threei} one day dave will read Douglas Admas and say: good bye and thanks for all the fish
[14:25] {laserdave} :)
[14:26] {Threei} chessire cat smile?
06[14:37] * magoo slaps Threei around a bit with a large trout
[14:39] {magoo} moissed IBM move
[14:39] {Threei} huh?
[14:39] {Threei} there are 10000 stocks
[14:39] {magoo} what?
[14:39] {Threei} you are going to slap me for each one I miss?
[14:39] {magoo} no..just for that one
[14:39] {Threei} oh
[14:39] {Threei} okay then
[14:40] {BillyD} that's what scanners are for
[14:40] {magoo} u missed others too
[14:40] {BillyD} so you don't miss IBM
[14:40] {Threei} you guys...
[14:40] {BillyD} hehe
[14:40] {Threei} tell you what
[14:41] {Threei} go out there are find anyone who makes real time calls who would perform this summer as I did
[14:41] {Threei} or last fall for that matter
[14:41] {Threei} or winter
[14:41] {BillyD} hmmmm
[14:41] {Threei} fall probaly being the best indication since it was the world of hurt everywhere
[14:42] {Threei} and we made money day in day out
[14:42] {BillyD} we are spoiled and want more.....
[14:42] {BillyD} :)
[14:42] {Threei} well... maybe you need a reality check now and then... I am going to monastery for a year
[14:43] {Threei} when I am back, tell me whether you want me to start this again
[14:43] {BillyD} that would be serious reality check for you
[14:43] {Threei} what to check.. I found this great mountain all-female monastery...
[14:44] {BillyD} I see, you would not come back after
[14:44] {BillyD} a year
[14:45] {BillyD} magoo started and I chimed in for lack of anything else to do
[14:45] {BillyD} and I know how much you like to be badgered
[14:46] {Threei} lol
[14:46] {dino} zzzzzzzzzzzzzzzzzzzzzzz
06[14:47] * magoo slaps dino around a bit with a large trout
[14:54] {magoo} vad rot or rip
[14:55] {Threei} sideways or rip
[15:04] {magoo} CIT crushed
[15:04] {Threei} Update: Philadelphia's city government has stopped paying its vendors, citing a cash crisis - WSJ
[15:04] {Threei} - Mayor Nutter took this action after the Pennsylvania legislature failed to grant him authorization to raise the city sales tax and change the formula for the city's contribution to its employee pension plan, which the mayor sought as a means of closing the city's budget gap.
[15:05] {BillyD} amazing signs everywhere
[15:06] {Threei} CNBC's Faber: Sources indicating investors would prefer investing in a debtor in possession scenario and that a bankruptcy filing is more likely than not at this point
[15:06] {Threei} - Faber reiterates bankruptcy filing is not likely today, but could come over the weekend
[15:06] {Threei} that's for CIT mags
[15:06] {BillyD} tell the mayor to seel some bonds
[15:06] {BillyD} sell
[15:08] {dino} municipalities look like the next shoe to drop
[15:09] {BillyD} scary in that it directly hits people
[15:09] {dino} indeed
[15:11] {dino} big problem i hear, muni's not getting real estate tranfer taxes (sales way down) or real estate/school taxes (foreclosures), budgets count on these
[15:11] {BillyD} very true
[15:12] {BillyD} once homes sold they will get the re taxes but it kills their cash flow
[15:12] {dino} most do not realize how important the r.e. business is to eveything
[15:12] {BillyD} big ripple effect
[15:12] {dino} yes
[15:22] {ese} well this has been a "B"flat nothing day for me for still long fitb .14......
[15:23] {ese} hows everyone else doin
[15:23] {dino} 550
[15:24] {ese} beats my -563
[15:24] {ese} good work dino
[15:24] {dino} i've strugled this month
[15:25] {dino} not good enough
[15:25] {ese} it'll even out for sure
[15:25] {dino} had to go back to scalping
[15:27] {ese} hmmmmmmm it's good to fall back on though......550's nothing to sneeze at
[15:28] {dino} when i hit a wall, back to scalps.
[15:28] {dino} tight ranges tough on my normal style
[15:28] {ese} good on ya...
[15:29] {dino} rockin' horse winner
[15:30] {dino} wow thought someone would get that
[15:32] {ese} haven't heard that saying for a while......i might have forgot what it means......from a movie right?
[15:32] {dino} "there must be more money"
[15:32] {dino} kid rides his rocking horse to predict horse winners
[15:32] {ese} ya......i remember now
[15:33] {magoo} MOS CRASH
[15:34] {magoo} news "no offer?"
[15:34] {Threei} MOS Vale denies making any offers for fertilizer companies, expanding operations remains strategic goal
[15:34] {Threei} - to concentrate on organic growth
[15:34] {Threei} - Reminder: on 7/16 Brazil's Estado news agency r... (49.87, -0.11, -0.22%) more... (related VALE POT AGU MON )
[15:36] {ese} wow.....anybody short that
[15:42] {ese} well....i've had enough for one wekk.....catch you all monday.......have a great weekend
[15:43] {ese} week
[15:43] {Threei} take care ese
[15:43] {ese} see ya vad
[15:43] {dino} cya es
[15:54] {BillyD} OPWV has nice chart for next week possibly
[15:54] {Threei} worth watching for sure
[15:54] {BillyD} KONG at it again
[15:58] {dino} out ge -.07
[15:58] {Threei} okay guys
[15:58] {Threei} thank you all
[15:58] {magoo} ty
[15:58] {Threei} that was a fairly nice week
[15:58] {Threei} even though magoo is unhappy with me
[15:59] {Threei} but what else is new
[15:59] {Threei} have a great weekend, see you on Monday
[15:59] {Threei} unless I am in monastery by then
[15:59] {dino} wow 8 days in row ndx
[15:59] {BillyD} thx Vad, have a good wknd
[16:00] {dino} sm sds position holdover

Thursday, July 16, 2009

Jul 16 2009

Mostly inactive second half of the day (what else is new?) but the morning brought profits on WFC, RIMM and AA - this last one was real torture speed wise. Can't be too picky in the summer trading though.

Session Time: Thu Jul 16 00:00:00 2009

[08:26] {fernp} good morning everybody
[08:27] {nemo} :)
[08:27] {tomg} good morning fern, nemo, everybody :)
[08:37] {Threei} Good morning
[08:37] {nemo} :)
[08:38] {cosmo} far
[08:38] {cosmo} :)
[08:38] {Threei} *INITIAL JOBLESS CLAIMS: 522K V 553KE; CONTINUING CLAIMS: 6.273M V 6.850ME
[08:38] {Threei} - Prior jobless claims revised from 565K to 569K
[08:38] {Threei} - Prior Continuing Claims revised from 6.883M to 6.915M
[08:38] {Threei} **Labor Dept: jobless claims were affected by seasonal factors, manufacturing and auto sector layoffs were less than typical; expected auto layoffs have already taken place.
[08:40] {_johnk3} gm
[08:41] {Threei} johnk :)
[08:41] {Threei} whole bunch of developments with CIT yesterday
[08:41] {Threei} interetsed or skip?
[08:41] {nemo} sure
[08:42] {Threei} very informative answer
[08:42] {nemo} well?
[08:43] {Threei} US Govt still evaluating aid for CIT; discussions could reportedly still end with bankruptcy - unconfirmed report
[08:43] {Threei} - Source notes that situation at the company could be bad enough that Govt aid may not help
[08:43] {Threei} Discussions with government agencies have ended, advised there is no "appreciable likelihood" of additional government support in the near term
[08:44] {Threei} Follow Up: Treasury has no comment on the company's statement
[08:44] {Threei} Treasury: High threshold exists for exceptional government aid; Says US has a strong set of financing tools to help restart overall credit markets
[08:44] {Threei} - Says several solutions for CIT were considered, but the firm's difficulties were too substantial.
[08:44] {Threei} - Says the liquidity situation at CIT had deteriorated to the point where solutions became unworkable.
[08:44] {Threei} Treasury: Bankruptcy not a foregone conclusion for the company and other restructuring options may be considered
[08:44] {Threei} - Unlike other firms that had government aid, CIT had not demonstrated that it could raise private capital and stay solvent.
[08:44] {Threei} - Believes that a CIT failure would not be as disruptive for markets and small businesses as in the past
[08:44] {Threei} - WSJ: Treasury expects to lose entire $2.3B TARP investment in CIT.
[08:45] {magoo} morning
[08:45] {Threei} FDIC Chairman Bair is seeking tougher curbs on the size and risk-taking of the US' largest financial firms
[08:45] {Threei} - The FDIC will propose charging the largest bank holding companies fees to the extent that they carry out non-traditional lending activities, such as proprietary trading.
[08:45] {Threei} mags :)
[08:45] {nemo} Magus
[08:46] {Threei} CIT Group Inc Has 24 hours to secure a $2B rescue financing sum; without financing, bankruptcy appears likely - WSJ
[08:46] {Threei} - Treasury official saw as much as half of TARP investment lost in value, says CIT's problems are too large to be resolved through govt aid
[08:46] {Threei} - Official also noted that CIT problems are not expected to be systemic, with bankruptcy possibly but other options still on the table
[08:46] {Threei} - Follow Up as of 23:10 EST: According to CNBC, CIT Group is likely to file for bankruptcy Friday.
[08:46] {Threei} - The CNBC report cited an unnamed source.
[08:46] {Threei} **Note: As of 12/2008, CIT had assets of $80.4B and liabilities of $72.3B.
[08:46] {magoo} so rumor not being saved?
[08:47] {Threei} rather: doesn't look like can be saved
[08:47] {Threei} look at this:
[08:47] {Threei} US Trade Rep Kirk: US has allowed certain trade partners to run over the country - interview
[08:48] {nemo} protectionism
[08:50] {BillyD} gm all
[08:50] {Threei} Billy :)
[08:50] {magoo} anyone know when bidu reports?
[08:53] {nemo} mags, they last reported on 4/27 so that would put them sometime at the end of the month-nothing yet
[08:53] {magoo} hm..ty
[08:53] {larisa} gm :)
[08:54] {Threei} larisa :)
[08:54] {Threei} GOOGS's today though, mags
[08:55] {magoo} yup
[08:55] {cosmo} BFRM
[08:55] {cosmo} FDA OK
[08:56] {cosmo} (FDA) approval for a method of mixing RADIESSE(r) dermal
[08:56] {cosmo} filler with lidocaine, which, in clinical trials, has demonstrated an
[08:56] {cosmo} improvement in patient comfort and an increase in patient satisfaction
[08:57] {cosmo} ... to things in general...
[09:01] {magoo} vad..u see pot and mos?
[09:01] {magoo} thinking short
[09:02] {Threei} well... not right now? :)
[09:02] {nemo} are you asking him or telling him?
[09:04] {Threei} consider it rhetorical question
[09:10] {dino} gm all
[09:11] {Threei} dino :)
[09:12] {texus} gm
[09:12] {Threei} texus :)
[09:12] {nemo} jpm down on a big beat
[09:15] {vinod} GM to all
[09:15] {Threei} vinod :)
[09:15] {nemo} vino
[09:16] {vinod} My intention is to help AIG today so you guy don't harrase AIG will short it?
[09:16] {Threei} well, we can't short it
[09:17] {Threei} so if anything, will play long... but only if it forms something convincing
[09:17] {vinod} them i may go after RIMM?
[09:20] {Threei} why predetermine what you are going to short?
[09:21] {Threei} whatever forms right setup and is supported by market direction, can be played
[09:23] {vinod} yes,I never do what I think is good trade untill i see real price
[09:25] {dptl} good morning all
[09:25] {Threei} dp :)
[09:27] {ese} damn thing....why pick on me this morning
[09:28] {ese} good morning
[09:28] {Threei} ese :)
[09:28] {Threei} lol... you enter wrong nick and expect it to understand? :)
[09:29] {ese} i swear on a stack of bibles that i entered ther right nick and pass
[09:29] {ese} 3/4 times
[09:29] {Threei} you have autofill on
[09:29] {Threei} you start typing, it filles to old nick
[09:29] {ese} nope
[09:30] {Threei} you click OK and boom, you have esemede in the username field
[09:30] {ese} don't know how to set that....where is it
[09:31] {_johnk3} stocks we are watching?
[09:31] {Threei} Assistant Treasury Secretary Allison: still expect millions of foreclosures even if the Obama program is a complete success
[09:32] {Threei} WFC
[09:32] {Threei} watching selling to pick a reversal
[09:32] {nemo} jpm too
[09:32] {_johnk3} thx
[09:33] {Threei} want one more leg down
[09:33] {Threei} if this is reversal, I'll let it go
[09:33] {nemo} not much of a range
[09:34] {_johnk3} RIMM?
[09:34] {Threei} too volatile
[09:34] {Threei} wfc
[09:35] {ese} stx
[09:35] {ese} waiting for pullback
[09:36] {Threei} ok, this is more like it
[09:36] {jfjf64} mornin
[09:36] {Threei} jf :)
[09:36] {nemo} fcx up a buck
[09:36] {Threei} Long Setup: WFC .85 break
[09:36] {Threei} if stays above .75
[09:37] {ese} it might cover the the .60 to .40 gap vad
[09:38] {Threei} looks ready to me
[09:38] {Threei} anyway, stop is small enough
[09:39] {ese} in wfc .85
[09:39] {fernp} in WFC
[09:40] {vinod} in.86
[09:40] {Threei} 1:1, half out or scalp
[09:40] {fernp} and out WFC
[09:40] {ese} out .93
[09:40] {fernp} ty Vad
[09:40] {jfjf64} out 92 ty
[09:40] {Threei} stop to .70 if you partial
[09:41] {ese} +.07
[09:41] {Threei} .79
[09:41] {vinod} 0ut.93
[09:41] {ese} tks vad!
[09:41] {Threei} sheesh... full room of pesky scalpers
[09:41] {nemo} out .93 hard getting fill
[09:41] {Threei} welcome of course, lol
[09:41] {nemo} Tyvm
[09:41] {_johnk3} godd trade V, thx
[09:42] {texus} out .92 too, ty
[09:42] {Threei} am I the only one holding half still??
[09:42] {BillyD} yea, I am out
[09:42] {_mikej} no iam
[09:42] {Threei} whew
[09:42] {magoo} i am
[09:42] {Threei} offering 1/4 more 25.04
[09:43] {Threei} stop is still under .80
[09:43] {vinod} got to go see you after lunch time
[09:43] {Threei} take care vinod
[09:43] {BillyD} cya vin
[09:43] {nemo} Vinod- another one-trade-stand
[09:44] {Threei} lol
[09:44] {Threei} will trail to .84 if breaks .96
[09:44] {ese} sure ....and run....whats that all about lol
[09:44] {Threei} vene vinodi vici
[09:44] {nemo} makes you feel used ese
[09:45] {Threei} stop to under .85
[09:45] {ese}
[09:45] {nemo} Which reminds me, I have a friend who works in counseling...she was talking about sexual molestation
[09:45] {Threei} out 1/4 more 25.04
[09:45] {nemo} You always here about Men molesting young girls
[09:45] {magoo} out TY
[09:46] {Threei} stop to under .90
[09:46] {nemo} She says the incidence of Women molesting young men is actually much higher...we just don't complain
[09:46] {Threei} offering last part at 25.12
[09:47] {BillyD} taking it to the last penny eh Vad
[09:47] {Threei} me greedy
[09:47] {BillyD} lol
[09:47] {Threei} me also lazy - this one I already found, next one I still have to find
[09:47] {jfjf64} good time to be
[09:47] {nemo} He's not that good...he only get's within 1 or 2 cents of the top tick
[09:50] {Threei} Long Setup: RIMM .40 if stays above .25, half lot
[09:50] {dino} cov .60 pot +.40
[09:52] {Threei} over 1:1 RIMM
[09:52] {Threei} out +.33
[09:53] {magoo} out .78 TY
[09:53] {Threei} :)
[09:53] {ese} L intc .18
[09:53] {Threei} WFC held by fingertips
[09:54] {Threei} come here my meatball
[09:54] {Threei} see that 25.12? just take it
[09:54] {_johnk3} great trade RIMM V, thx :)
[09:54] {Threei} :)
[09:55] {jfjf64} xlnx tk look at vad
[09:55] {Threei} Long Setup: FITB .40 if stays above .35
[09:55] {Threei} just a scalp most likely
[09:56] {Threei} XLNX, .65 break maybe
[09:56] {jfjf64} ya lk .65 brreak
[09:57] {Threei} done with WFC
[09:58] {ese} L intc again avg price .186
[09:59] {BillyD} vad, look at EWBC
[10:00] {_johnk3} XLNX?
[10:00] {_johnk3} was this a definite maybe? :)
[10:00] {Threei} EWBC, I don't understand it
[10:01] {BillyD} ok
[10:01] {nemo} xlnx would have scalped
[10:03] {BillyD} ROST Vad is a nice uptrend, maybe .30 B?O
[10:03] {BillyD} B/O
[10:03] {Threei} US) Reportedly House panel adds $485M to defense budget for helicopter programs
[10:03] {Threei} - Helicopter funds to restore LMT helicopter program
[10:03] {Threei} heh
[10:03] {Threei} hypocrisy run wild
[10:04] {Threei} small shares Billy...
[10:04] {_mikej} xlnx ?
[10:04] {Threei} stop is a bit too far and stock isa bit too thin
[10:04] {BillyD} yeah, it is jumpy
[10:05] {ese} blind sided by the philly fed again
[10:05] {Threei} leave XLNX alone guys... that was specific question I answered, and jf knows how to play that one... kind of individual stock and setup
[10:06] {dino} sds l .60
[10:06] {jfjf64} sorry guys
[10:06] {nemo} don't do it again jf
[10:06] {nemo} :)
[10:07] {dino} out sds .72, +.12
[10:07] {magoo} AIG vad dumps
[10:08] {Threei} yeah, too bad it's non-shortable today
[10:08] {larisa} I can, close eyes, short and wait for 10 ?
[10:08] {nemo} funny girl
[10:08] {Threei} first two plays were easy... don't really want our third one to be AIG long, lol
[10:09] {larisa} :)
[10:10] {jfjf64} .55 l nok
[10:11] {Threei} .76 is a long trigger though if holding .65
[10:11] {Threei} and .64 is short trigger
[10:11] {BillyD} aig Vad?
[10:11] {Threei} yeah
[10:12] {BillyD} invalidated right?
[10:12] {Threei} yup
[10:14] {jfjf64} nok invalid here
[10:16] {larisa} vad RIMM you called off higher low? it was perfect price div, but you do not look for such things, right? ty
[10:16] {magoo} vad, look AA
[10:17] {Threei} wtaching
[10:18] {Threei} why not larisa? of course I do
[10:18] {Threei} that was double bottom, higher low, range established betgween .20 and .40,
[10:18] {Threei} one more pullback bottoming out above .25,
[10:18] {Threei} .40 becoming perfect trigger
[10:20] {Threei} Long Setup: AA .20 break if stays above .10
[10:21] {larisa} plus price divergence with all possible indicators. Was perfect setup, nice call RIMM
[10:21] {Threei} well, that I wouldn't know since I don't watych any indicators :)
[10:22] {jfjf64} nice larissa
[10:22] {larisa} this is why I ask, genius vad :)
[10:22] {Threei} lol
[10:22] {nemo} How much you pay her, Vad?
[10:22] {Threei} I missed the "price div", thought you meant higher low
[10:22] {Threei} Short Setup: RIMM .60 break half lot
[10:23] {BillyD} I am glad you asked, at first glanc eI did not see what Vad was calling and passed on I know better
[10:23] {Threei} if stays below .75
[10:24] {BillyD} does the RIMM spike invalidate it?
[10:25] {Threei} not if it trades for a min or two under .75 again
[10:25] {Threei} but another move over .75 will
[10:25] {BillyD} ok, sometimes it does and sometimes it doesn't
[10:25] {Threei} yeah
[10:26] {Threei} brief spike with very few trades, kind of natural volatility for this one
[10:26] {BillyD} with AIG spike below .64 and it's overall weakness made that spike more confirming right?
[10:26] {Threei} after all, we are trying to nail setup with 15 cents range on a very volatile stock
[10:26] {Threei} gotta give it some leeway
[10:26] {dino} sds s .50
[10:27] {Threei} now RIMM is fully invaliadetd
[10:27] {Threei} and in fact became a fade
[10:27] {Threei} but I had no time to call it, lol
[10:27] {BillyD} does my AIG comment make sense?
[10:27] {Threei} yup
[10:28] {BillyD} ok, just trying to follow
[10:28] {_bradc} AA?
[10:28] {Threei} still valid
[10:29] {Threei} it actually formed two setups in one...
[10:29] {Threei} one for scalpers
[10:29] {Threei} .20 break long with stop under .15
[10:29] {Threei} one for daytraders, with srtop under .10
[10:29] {Threei} whatever rocks your boat, both are valid
[10:29] {dino} cov sds .38, +.12
[10:30] {Threei} RIMM{ if I were smart and called two-sided setup in advance, we would have had over 1:1 here
[10:31] {Threei} 1:2
[10:31] {Threei} why oh why am I not smart
[10:32] {BillyD} get smarter
[10:32] {Threei} I will try my best
[10:32] {dino} you want me to slap the stupid out of you?
[10:32] {BillyD} rofl
[10:32] {Threei} I am afraid by doing that you will slap the whole me out of me
[10:33] {jfjf64} market movin nice
[10:33] {nemo} you'd have to hit him in the ass Dino
[10:33] {dino} or how about we change your nickname to meathead
[10:33] {texus} anyone else in AA?
[10:33] {Threei} nah, I better go to monastery
[10:33] {larisa} you either smart or genius, can not be both
[10:33] {dino} no but i should be
[10:34] {Threei} yes tex
[10:34] {nemo} yes
[10:34] {Threei} it triggered fair and square, why the doubt
[10:34] {fernp} in AA. yes
[10:35] {texus} didn't see anyone say they were in, all good :)
[10:35] {jfjf64} in aa tex
[10:35] {jfjf64} lets goooooooooooooooooooooooo
[10:35] {Threei} they hold out on us tex
[10:35] {Threei} then if it works they all say sure we wer
[10:35] {texus} ahhh...
[10:36] {Threei} if it doesn't, they say "of course we skipped it, it was so stupid to call it"
[10:36] {jfjf64} quiet assins ya trainin vad
[10:36] {Threei} lol
[10:36] {dino} lol
[10:36] {fernp} and in HIG from ,80 with stop under .70
[10:36] {Threei} wow, that was a good setup
[10:37] {fernp} ty
[10:37] {Threei} but fern held out on us too
[10:37] {nemo} volume dropping on AA increase
[10:38] {jfjf64} thanks nemo
[10:39] {wulff} WFC if you believe
[10:39] {Threei} WFC, I looked at it at .80, was nice-looking setup
[10:40] {Threei} just felt like a bit too operfect
[10:40] {Threei} and market was quite uncertain... so I refrained
[10:41] {Threei} AA used to be much faster than this
[10:42] {jfjf64} aig vad .80 break ya lk
[10:42] {wulff} Cramer pushing SNDK big
[10:42] {Threei} not sure jf
[10:42] {Threei} kind of 50/50
[10:43] {jfjf64} no lk 50/50 ty
[10:43] {Threei} see, AIG here is a pure risk based setup
[10:43] {Threei} what I mean by yhis is:
[10:43] {dino} sds l .20
[10:43] {Threei} it can go up or down in such situation as this with equal odds,
[10:44] {Threei} so if you find a formation with stop tight enough for you to shrug it off if not working, it's a valid play
[10:45] {magoo} too funny cause i took .75
[10:45] {magoo} before
[10:45] {jfjf64} thats what is hard to find stop formation i luv
[10:45] {magoo} low
[10:45] {Threei} well, low of the range
[10:45] {Threei} is natural support
[10:45] {Threei} thus becomes a stop if broken
[10:46] {jfjf64} .60
[10:46] {Threei} yes for a scalp
[10:46] {Threei} there is one more support level near .50
[10:46] {Threei} if you go for a longer trade, gotta give it a bit more room
[10:47] {Threei} and then of course whole array of different kinds of entries come into play...
[10:47] {jfjf64} go magoo
[10:47] {Threei} regular vs aggressive vs consevative
[10:47] {magoo} could rip
[10:47] {magoo} thats why interested
[10:47] {Threei} magoo went for regular
[10:47] {Threei} you eyed a bit more conservative
[10:47] {jfjf64} ty vad
[10:48] {jfjf64} that stop to bg for me
[10:48] {Threei} everyone knows/remembers diferent kinds of entries and their trade-offs?
[10:48] {BillyD} yes
[10:48] {jfjf64} but 3x hittin off.80 hmm
[10:49] {BillyD} now or never AA
[10:49] {Threei} {AA} don't pressure me
[10:50] {jfjf64} forgot aa how funny must be up BIG this week ty vad
[10:50] {Threei} welcome sir... nice to hear
[10:51] {magoo} out ,87
[10:51] {dino} out sds .32, +.12
[10:51] {magoo} will most likely reload
[10:51] {nemo} market ddrop
[10:51] {jfjf64} gj magoo
[10:52] {Threei} (US) Senator Bunning: States FDIC's Bair has stated that up to 500 more banks could fail (related XLF )
[10:53] {fernp} AA stop is still under .10, no?
[10:53] {jfjf64} need market to bounce movin avg for aa
[10:54] {Threei} {AA} told ya I do things at my own pace
[10:54] {Threei} no fern, I'd move it to under .15
[10:54] {BillyD} it was subtle suggestion technique
[10:54] {Threei} and scalpers got their 1:1
[10:54] {fernp} ty
[10:55] {dino} (US) dino says maybe more maybe less than 500 failures...see i could be politician too
[10:55] {nemo} a weatherman or economist also
[10:56] {Threei} isn't it ironic: magoo who hates slow stocks brought the slowest of today's plays, AA
[10:56] {magoo} but im not in it
[10:56] {nemo} frickin' comic book characters
[10:56] {Threei} say what?
[10:56] {magoo} not my type
[10:56] {nemo} fcx vad
06[10:56] * Threei slaps magoo around a bit with a large roll of cash
[10:56] {jfjf64} wide lines hd that feelin gettin in
[10:57] {Threei} CIT CNBC's Faber private equity and fixed income firms are in some talks to secure financing (0.41, -1.23, -75.13%)
[10:58] {Threei} well FCX...
[10:58] {Threei} FCX formal long trigger is .80 break...
[10:58] {Threei} but stop is quite wide
[10:58] {Threei} and stock is far from easy
[10:58] {nemo} been building a base though around .70
[10:58] {Threei} .70 is not a reliable support
[10:59] {jfjf64} look cof very strong
[10:59] {dino} sds l .35
[10:59] {nemo} should we move stop to .20 on aa?
[10:59] {jfjf64} market sellin this flyin
[11:00] {Threei} kind of personal preference nemo
[11:00] {Threei} can trail to under .20, can keep under .15
[11:01] {Threei} COF.. not sure about breakout but pullback into .80 would get me interested
[11:02] {Threei} US Houes Speaker Pelosi: Could possible change the high end of the healthcare surtax
[11:02] {jfjf64} was watchin break of .70 im sick
[11:02] {Threei} that was a good one
[11:03] {nemo} damn, watching aa missed break on fcx
[11:04] {jfjf64} lk how vol spiked up at .70
[11:05] {jfjf64} that was the ticket i missed it
[11:06] {magoo} a
[11:06] {magoo} i
[11:06] {magoo} g
[11:06] {dino} sds stopped -.10
[11:07] {magoo} in .85
[11:07] {jfjf64} even 2nd setup .85 i think valid cof also
[11:07] {magoo} looking for a RIPPPPPPP
[11:08] {magoo} [10:51] {magoo} out ,87
[11:08] {magoo} [10:51] {magoo} will most likely reload
[11:08] {magoo} [10:51] {nemo} mar
[11:08] {wulff} wow rimm
[11:08] {jfjf64} nice magoo lk it at .90 break gj
[11:09] {magoo} prolly .17 area
[11:09] {jfjf64} stop to .95
[11:09] {dino} rinsed
[11:10] {jfjf64} stop to .10
[11:10] {dino} reload .35 again sds
[11:11] {magoo} out .17 TY vad
[11:11] {jfjf64} gj magoo
[11:11] {magoo} jf careful
[11:11] {nemo} out aa
[11:11] {magoo} u out
[11:11] {jfjf64} y
[11:12] {magoo} make $$?
[11:12] {jfjf64} 18 cents
[11:13] {larisa} nice
[11:13] {dino} out sds .50, +.15
[11:14] {jfjf64} cof pull bk vad
[11:15] {Threei} not sure
[11:15] {Threei} get this:
[11:15] {Threei} US House Speaker Pelosi: Some of the wealth surtax could be used to pay down the Govt deficit
[11:15] {dino} why oh why don't we cut something rather than tax and spend
[11:16] {Threei} better yet: spend more than we taxed, so then we raise tax to compensate for overspending
[11:16] {jfjf64} cof interestin bulls bears fightin
[11:16] {Threei} and of course collecting more tax, we raise the spending again
[11:17] {Threei} but as Tatcher said... the problem with socialism is, sooner or later you run out of other people's money
[11:17] {dino} between state and federal taxes, the projections for these changes are at 55% tax rate, notcounting real estate/school taxes
[11:19] {dino} sds l .60
[11:19] {ese} I hadn't heard that saying before vad....but thats oh so true
[11:21] {dino} and i still think the dumbest thing is we spend 300-600 billion on oil, while we have enough nat. gas to last 150 years. it could power everthing
[11:21] {dino} not to mention the jobs it would create.
[11:22] {nemo} environmentalists 1) don't want a carbon based source of energy, and 2) don't want cheap energy
[11:23] {dino} you said it nemo
[11:24] {nemo} What's really scary, although, if they started with the Capitol and each state house, I wouldn't be opposed; many of the environmental groups believe in a radical reduction in the earth's population
[11:25] {Threei} and 3) want us all to wear fabric bags with holes for the head and arms and live in caves
[11:25] {dino} bunch of idiots w/$
[11:25] {nemo} Having said that, if they want to volunteer for population reduction, I'll gladly offer my services for free
[11:26] {dino} lol
[11:28] {dino} es, how did you shoot yesterday?
[11:28] {Threei} "how" or "who"?
[11:28] {dino} golf, how
[11:28] {Threei} sigh.. nevermind
[11:29] {dino} i get it
[11:29] {dino} but we cannot print that
[11:29] {jfjf64} cof missed again
[11:29] {Threei} lol
[11:29] {dino} up or down vlad the impaler
[11:30] {dino} caesars coin says down
[11:30] {Threei} don't have an opinion yet
[11:30] {Threei} kind of moment of indecision in the market
[11:30] {jfjf64} cof double top with market droppin
[11:31] {dino} thats why we have the coin
[11:38] {Threei} hmmm... this is from e-mail I got:
[11:38] {Threei} Looking gorgeous doesnt require big sums of money
[11:39] {Threei} yeah? I couldn't manage it on the cheap, nor for considerable expense...
[11:41] {dino} sds stopped -.15
[11:42] {jfjf64} cof
[11:42] {jfjf64} wow
[11:42] {dino} sds s .45
[11:42] {jfjf64} triple top to yesterday
[11:58] {dino} cov sds .25, +.20
[12:02] {Threei} Long Setup: AIG 13 break if holding above 12.90
[12:08] {Threei} yawn
[12:10] {dino} up or down vad?
[12:10] {Threei} sideways...
[12:10] {dino} unacceptable
[12:11] {Threei} sorry
[12:11] {Threei} but that's all I have
[12:11] {dino} you know, i'm starting to think you don't care
[12:11] {BillyD} COF a strong teaser
[12:12] {Threei} starting??
[12:12] {Threei} I stated years ago... I don't :)
[12:12] {BillyD} it seems
[12:14] {BillyD} Vad, do you care at all about COF
[12:14] {Threei} US Rep Frank: Committee will handle executive compensation topic in the last week of July
[12:14] {Threei} - Legislation includes 'say on pay' and will place curbs on excessive risk taking behavior
[12:15] {Threei} I jave hard time reading things when pace is so miniscule, Billy
[12:15] {BillyD} it's a slow
[12:15] {BillyD} dance
[12:15] {BillyD} that's why it's a tease
[12:16] {dino} lol
[12:23] {Threei} sorry dino... but 15 min later, it's still sideways
[12:24] {dino} guess you were right
[12:24] {Threei} not that I am glad to be
[12:24] {Threei} I would prefer the darn thing to start moving
[12:24] {Threei} but we may have to wait till after Labor day for that, lol
[12:25] {Threei} overall, my belief is, for the slow summer trading we are doing remarkably well
[12:25] {dino} scalpers market
[12:25] {Threei} finsing trades every day and winning most of them
[12:25] {Threei} finding too
[12:26] {dino} its so flat that sds crack won't budge
[12:26] {jfjf64} cof cof
[12:27] {jfjf64} fire sale
[12:27] {Threei} lol
[12:27] {Threei} good one jf
[12:28] {jfjf64} lot of entry didnt tk one
[12:29] {BillyD} skimpy mkt cuases me too not take some good setups
[12:29] {BillyD} causes
[12:29] {Threei} exactly Billy
[12:29] {Threei} oh sorry
[12:29] {Threei} eqzaktly
[12:29] {BillyD} lol
[12:29] {Threei} just as skimpy oputfits cause us to... errr.... cough, nevermind
[12:30] {BillyD} sigh
[12:30] {dino} huh? you say something
[12:31] {wulff} will be in the fair country with in the hour, so stay off the roads.
[12:38] {BillyD} AAPL may be a short off .80
[12:39] {dino} sds l .35
[12:46] {Threei} AAPL invaliadted
[12:48] {BillyD} yeah, mkt upticks
[12:52] {nemo} aa about to go 1:1
[12:52] {larisa} lol
[12:52] {Threei} {--- crying
[12:53] {BillyD} got out long time ago and not crying
06[12:53] * nemo {----lied
[13:03] {magoo} ANPI
[13:08] {Threei} I don't see fresh news on it
[13:11] {dino} sds to .47 stingy
[13:11] {dino} to .50
[13:11] {dino} out +.15
[13:12] {dino} anpi fda approval
[13:12] {dino} of taxus
[13:12] {Threei} but that was before opening
[13:13] {dino} alrighty then
[13:13] {BillyD} see what ya get for trying to help dino
[13:14] {larisa} lol
[13:18] {dino} no respect
[13:22] {magoo} AIG vad criushed
[13:23] {larisa} to wake you up :
[13:23] {larisa} funniest and saddest sculpture
[13:24] {Threei} lol
[13:26] {larisa} and you say do not raise taxes for wealthy :) after seeing this I want all their money :)
[13:29] {jfjf64} cof.70 break vad what ya thoughts
[13:30] {jfjf64} nevermind
[13:31] {jfjf64} i wd think .70 .71 is level from this point on
[13:41] {jfjf64} c/h cof
[13:48] {jfjf64} any takers
[13:49] {BillyD} not here
[13:49] {jfjf64} in at 71
[13:49] {ese} ese is not away.......i'm still here watching INTC take off....i'm long at .19
[13:50] {magoo} vad..from u gauge goog today?
[13:50] {magoo} its non performance
[13:51] {jfjf64} half out .84
[13:51] {BillyD} nice one jf
[13:51] {jfjf64} cof finally
[13:53] {jfjf64} stop to .82
[13:53] {Threei} mags... honestly, when it comes to GOOG, asnything's possible
[13:53] {Threei} I've no idea
[13:54] {jfjf64} stop to .85
[13:55] {jfjf64} out
[13:56] {jfjf64} +13 +14
[14:00] {magoo} EXPLODING UPWARD
[14:01] {Threei} CIT Group Inc Bondholders are reportedly considering a debt swap in efforts to avoid bankruptcy
[14:01] {Threei} - CIT's largest bondholder, Pacific Investment Mgmt, plans to hold a conf call with other bondholders to discuss the option. Some reports say CIT could need as much as $6B in funding to keep it out of bankruptcy.
[14:01] {BillyD} hate to have the pressure of the largest bondholder
[14:04] {jfjf64} vad ya still in aa
[14:04] {nemo} he's in coma
[14:05] {jfjf64} or countin is loot
[14:06] {Threei} no jf
[14:06] {Threei} lost patience long ago
[14:06] {Threei} or to be more precise, was afraid to fall asleep while having it open
[14:12] {BillyD} SMTC nice chart
[14:14] {jfjf64} look jpm 36.00 ouch
[14:29] {jfjf64} jpm
[14:30] {Threei} AA- NOW I am crying
[14:31] {ese} out INTC .34 + .15 35k......have to go otherwise would hold on for longer...been a good days work
[14:31] {nemo} I'll cry with you look at fcx
[14:31] {ese} cya tomorow all
[14:31] {BillyD} not like we couldn't wait on AA and had some place to go
[14:31] {nemo} frickin' musicians
[14:31] {larisa} lol
[14:31] {Threei} take care ese, great job
[14:31] {ese} tks
[14:31] {Threei} no kidding billy
[14:31] {jfjf64} later ese
[14:32] {BillyD} it didn't even hit the scalper stop vad
[14:32] {Threei} yeah, it just tired us out
[14:32] {BillyD} it would have probably done me some other psychological if I held it
[14:33] {BillyD} lol
[14:33] {BillyD} psychological damage
[14:35] {dino} sds l .65
[14:35] {nemo} Qs through their recent highs, SPY within spittin' distance
[14:40] {dino} stopped sds .-.15
[14:41] {dino} gap s/p 946
[14:42] {dino} 8799 dji gap
[14:46] {dino} fwiw downside gaps from tues. close 8359,1452,905
[14:52] {BillyD} strong mkt recovery for the last week
[14:56] {magoo} vad AIG?
[14:57] {Threei} remained quite inept during market move...
[15:00] {vinod} I have to start here, I can't see previous chat for today
[15:02] {Threei} dino, look dcc please
[15:03] {vinod} My idea of short rimm and AIG hasn't good
[15:03] {Threei} well... as we talked in the morning: if there is setup there is trade
[15:03] {Threei} if not - why would you short them
[15:03] {Threei} or long for that matter
[15:03] {Threei} don't trade out of general idea... that would be thinking
[15:04] {Threei} and thinking is not good for your trading
[15:04] {vinod} I usually take a note of what I feel and look at end what happen. good education for me
[15:05] {vinod} I know I need to be lie nemo. no thinking
[15:05] {vinod} look like he left for hte day
[15:06] {Threei} thinking is for analysts... they need to justify, to explain (post-fact as a rule, lol)
[15:06] {Threei} traders react on recognizable scenario developing
[15:08] {dino} sds l .50
[15:08] {BillyD} RIMM holding well
[15:08] {Threei} dino, look dcc please
[15:09] {dino} ok
[15:12] {dptl} have a good evening all
[15:12] {Threei} take care dp
[15:17] {cosmo} SNDK 17.77 hod fwiw
[15:18] {cosmo} needs to hold .60
[15:18] {cosmo} imo
[15:20] {Threei} Reminder: previously announced index changes go into effect after the close of trading today
[15:20] {Threei} - HR will replace WNC in the S&P600 index.
[15:20] {Threei} - CERN to replace JAVA in the NASDAQ-100 Index
[15:26] {BillyD} those news posts get psoted to room automatically?
[15:26] {larisa} hope not :)
[15:29] {Threei} no
[15:29] {BillyD} it is at your discretion then
[15:29] {dino} sds stopped
[15:29] {Threei} yes
[15:33] {Threei} was thinking of SNDK as short candidate, based on Cramer hyping it
[15:34] {Threei} I am too hesitant these afrenoons...
[15:36] {BillyD} what would your stop be
[15:36] {BillyD} .66
[15:36] {Threei} I thought of .70 breakdown witgh stop above high
[15:36] {BillyD} .70?
[15:36] {Threei} about 10 min ago
[15:36] {BillyD} whewwwwwwwwww
[15:38] {BillyD} when did Cramer comment
[15:39] {Threei} [10:42] {wulff} Cramer pushing SNDK big
[15:39] {dino} 3:40 release the hounds
[15:42] {BillyD} tomorrow otions day right?
[15:42] {BillyD} options
[15:43] {vinod} up up and up we go. see you monday. i am taking dayoff tomoroow
[15:43] {BillyD} enjoy vin
[15:44] {Threei} take care vinod
[15:44] {dino} cya vvin
[15:45] {dino} v
[15:46] {cosmo} i hear cramer screaming...
[15:46] {Threei} mags... see how AIG remains unaffected by market surge?
[15:50] {dino} as am i
[15:50] {Threei} lol
[15:51] {dino} this action is crazy, end of days on friday, and now euphoria rules, 8-10% weekly moves
[15:51] {magoo} vad..gun t pop up after reports?
[15:52] {Threei} shrug
[15:52] {Threei} yes
[15:57] {Threei} okay guys, thank you all
[15:58] {Threei} have a good evening
[15:58] {Threei} see you tomorrow
[15:58] {BillyD} cya
[15:58] {larisa} bye :)
[15:58] {jfjf64} later
[16:01] {Threei} GOOG Reports Q2 $5.36 v $5.09e, R$ (ex-tac) v $4.06Be
[16:01] {Threei} R$4.05B (ex-tac) v $4.06Be
[16:03] {Threei} Q2 paid clicks -2% q/q, +15% y/y
[16:03] {Threei} - Q2 international revenue $2.91B,

Wednesday, July 15, 2009

Jul 15 2009

Fair day, considering big gap eating into day's range. WFC, AIG, INTC longs worked nicely... followed by customary coma of course.

Session Time: Wed Jul 15 00:00:00 2009

[08:17] {Threei} BLTXX Baltic Dry Bulk Index +7.3%, second consecutive gain and largest gain since June 2nd
[08:23] {BillyD} morning Vad
[08:23] {Threei} Billy :)
[08:30] {Threei} JUN CONSUMER PRICE INDEX M/M: 0.7% V 0.6%E; CPI EX FOOD&ENERGY M/M: 0.2% V 0.1%E
[08:30] {Threei} JULY EMPIRE MANUFACTURING: -0.5 V -5.00E
[08:41] {fernp} good morning everybody
[08:42] {nemo} hallo
[08:42] {Threei} fern, nemo :)
[08:43] {larisa} good morning :)
[08:44] {Threei} larisa :)
[08:45] {nemo} larry :)
[08:45] {larisa} sigh
[08:52] {cosmo} "
[08:55] {cosmo} TRGT
[08:56] {Threei} 7:07:09 AM
[08:56] {Threei} Targacept TC-5214 Achieves All Primary and Secondary Outcome Measures in Phase 2b Trial
[08:56] {Threei} - Releases results from a double blind, placebo controlled, flexible dose Phase 2b clinical trial of TC-5214 as an augmentation (add-on) treatment for major depressive disorder, or MDD, in subjects who did not respond adequately to first-line treatment with citalopram alone.
[08:56] {Threei} -The results on all of the trials secondary efficacy measures, including assessments of depression, irritability, disability, cognition, severity of illness and global improvement, were also highly statistically significant in favor of TC-5214 on an intent to treat basis.
[08:56] {Threei} was hatled
[08:56] {cosmo} depressing...
[08:57] {cosmo} ASML
[08:57] {cosmo} 23
[08:57] {cosmo} so far
[09:01] {Threei} OXGN to Raise $10 Million in Registered Direct Offering (1.98, 0.00, 0.00%)
[09:01] {Threei} COIN 2009 Production and Sales Increase at Converted Organics Gonzales, CA Organic Fertilizer Manufacturing Facility (1.02, 0.00, 0.00%)
[09:01] {magoo} morning
[09:01] {Threei} mags :)
[09:02] {magoo} resilient lil mkt eh?
[09:02] {Threei} COIN jumped a bit
[09:02] {Threei} FEED too
[09:03] {dino} gm all
[09:04] {Threei} dino :)
[09:05] {dino} cnbc a bit euphoric imo
[09:07] {nemo} intc and Gannett beating. If media is beating this could be a solid up day
[09:10] {cosmo} sounds violent...
[09:11] {nemo} beating earnings estimates cos...
[09:11] {cosmo} ah
[09:12] {magoo} cnbc giddy
[09:12] {magoo} expirations friday..are they gonna take them to the higher strikes dino?
[09:12] {BillyD} fyi.....can't short AIG
[09:13] {Threei} sigh
[09:13] {magoo} dam
[09:14] {dino} imo, we get one very big down day, either today or tomorrow
[09:14] {vinod} GM
[09:14] {ese} good morning
[09:14] {Threei} vinod, ese :)
[09:15] {Threei} JUNE INDUSTRIAL PRODUCTION: -0.4% V-0.6%E; CAPACITY UTILIZATION: 68.0% V 67.9%E
06[09:16] * magoo slaps Threei around a bit with a large trout
[09:16] {vinod} open high and closed at even point this is my take for today
[09:17] {nemo} big jump and FLAT
[09:17] {vinod} yes
[09:17] {nemo} off
[09:19] {dino} the open gaps trouble me
[09:19] {vinod} lots of short sq and lot of sell in rally
[09:19] {texus} gm
[09:19] {nemo} arguable
[09:20] {Threei} texus :)
[09:20] {Threei} we will see... this kind of gap days often resolve in dead day,
[09:20] {Threei} and sometimes in a big continuation move
[09:21] {BillyD} voulume is light on these gaps
[09:21] {nemo} get oil today too
[09:22] {vinod} last night 17K of INTC move stock up 1.20
[09:22] {dptl} good morning all
[09:22] {jfjf64} mornin
[09:23] {_johnk3} gm
[09:23] {Threei} dp, jf, john :)
[09:24] {jfjf64} anythi to watch at open vad
[09:24] {Threei} kind of "everything"
[09:24] {Threei} hate this kind of opening
[09:24] {Threei} too many things move
[09:25] {jfjf64} lk that
[09:25] {jfjf64} last 2 mornin ya been on lets get em
[09:27] {Threei} DRYS is interesting
[09:28] {Threei} WFC, 24.80 - .85 is three days high break
[09:29] {Threei} I'd really prefer some pullback at the open, consolidation, then breakouts everywhere
[09:29] {Threei} that would be perfect scenario for big continuation move
[09:29] {nemo} the old bull flag
[09:29] {Threei} breaks right out of the gate is less desirable turn of events,
[09:29] {jfjf64} couldnt agree more
[09:30] {Threei} more likely to fizzle out wuickly and leave us with no range
[09:30] {nemo} although, RIMMs been flat for the last half hour
[09:30] {nemo} so much for that
[09:30] {Threei} pullback so far
[09:31] {Threei} FITB... that stron close was a clue
[09:31] {Threei} ok... WFC
[09:31] {Threei} Long Setup: WFC .85
[09:32] {Threei} stop under .70
[09:34] {magoo} long intc .82
[09:34] {magoo} 92
[09:36] {magoo} AIG dumper
[09:37] {Threei} AIG needs a bit more selling
[09:37] {ese} out intc from 07/07 17.88 +1.03 10k
[09:37] {Threei} wtg ese
[09:37] {fernp} gj ese
06[09:37] * magoo slaps ese around a bit with a large trout
[09:37] {Threei} ok WFC, it's time
[09:37] {dino} gj es
[09:38] {ese} tks i sold 15k of it yesterday at break even i didn't want to be holding 25k through the earnings announcement
[09:38] {Threei} let's trail WFC to under .75
[09:39] {nemo} wow $ smashed
[09:40] {fernp} FITB breakin hod
[09:40] {magoo} out intc .07 2k lot
[09:41] {Threei} hmmm
[09:41] {Threei} let's trail to under .80
[09:41] {Threei} I'd expect it to be at 25 already
[09:41] {Threei} don't want to get caught into sudden downturn
[09:42] {Threei} it worked too well yesterday, maybe it's back to its old tricks
[09:45] {Threei} Short Setup: RIMM .50 break
[09:45] {Threei} half lot
[09:46] {magoo} in rimm
[09:46] {Threei} stop is self-explanatory
[09:50] {Threei} if you are very stingy, RIMM can be trailed to above .60
[09:50] {dino} yum l .00
[09:50] {Threei} loss of .45 shoudl send it down
[09:51] {Threei} ok... drop already
[09:52] {jfjf64} lets go ya dog
[09:52] {Threei} stop to above .60 for sure
[09:52] {Threei} 5 cents shy of 1:1? come on?
[09:54] {dino} bwld sm l .50
[09:54] {Threei} stop to .55
[09:56] {magoo} covered rimm .41 TY had fl
[09:56] {Threei} the easiest way would be to take smallish scalp on RIMM, yeah
[09:56] {Threei} I just think we may not get a lot of plays later on
[09:56] {Threei} so with minimal risk here want to give this one a chance
[09:56] {Threei} personal choice
[09:56] {magoo} i didnt like up move aapl
[09:56] {nemo} we're not getting much for plays now
[09:57] {Threei} nope
[09:57] {Threei} there... you were right
[09:57] {nemo} who was
[09:57] {Threei} magoo
[09:57] {magoo} aapl went ,90 area reversed..i thought oh oh
[09:57] {Threei} WFC, finbally
[09:57] {Threei} half out
[09:57] {nemo} neat spelling
[09:57] {Threei} .96
[09:58] {magoo} intc vad..may be getting bounce ready
[09:58] {nemo} is that like ferngully
[09:58] {dino} out yum .15, +.15
[09:58] {Threei} INTC, I'd prefer to see double bottom for entry
[09:59] {Threei} one more dive, into .75 roughly
[09:59] {Threei} yep, like this
[09:59] {Threei} now, .82 is long if no new low
[09:59] {Threei} with stop located right under the low of this pullback
[09:59] {Threei} see the play's structure?
[10:01] {Threei} there you go...
[10:03] {BillyD} I think I have a quote problem...
[10:03] {Threei} 1:1 for scalpers
[10:03] {fernp} ty Vad. I am out
[10:03] {Threei} :)
[10:04] {BillyD} did INTC jump from .81 to .84 bid on you Vad with no prints?
[10:04] {Threei} need quotes Billy?
[10:04] {Threei} there were prints, just too fast,
[10:04] {Threei} but then it did pullback right into .82 offer
[10:04] {Threei} and hit my bid
[10:04] {fernp} yes Bill It did it, then pullback
[10:04] {Threei} that's where I typed "there you go"
[10:04] {nemo} yeah that's how I bought
[10:04] {BillyD} ok...that helps me then
[10:05] {Threei} sorry Billy... didn't mean to be so helpful, not my nature... don't want to shock you by sudden change in my behavior pattern
[10:05] {BillyD} it's ok...I never took it that way
[10:05] {BillyD} :)
[10:05] {Threei} whew
[10:06] {BillyD} your reputation is in tact
[10:06] {Threei} now, halve a look at 1 min INTC
[10:06] {Threei} have
[10:06] {Threei} now that the play is complete, see what I envisioned making a call?
[10:06] {Threei} total textbook
[10:06] {BillyD} yew
[10:06] {BillyD} yesw
[10:06] {BillyD} yes
[10:07] {Threei} oh good
[10:07] {nemo} perfect spot to plug TTR
[10:07] {jfjf64} that was great read
[10:07] {Threei} right typing of the three-letter word on a third try - true mark of realitytrader
[10:07] {_mikej} are you still in wfc
[10:07] {Threei} half
[10:07] {Threei} [09:57] {Threei} WFC, finbally
[10:07] {Threei} [09:57] {Threei} half out
[10:07] {Threei} [09:57] {nemo} neat spelling
[10:07] {Threei} [09:57] {Threei} .96
[10:08] {Threei} btw... thanks for reminding me, stop to under .85
[10:08] {Threei} this thing is annoying today
[10:08] {nemo} it's been annoying every day except yesterday
[10:08] {Threei} TTR? what about it?
06[10:09] * Threei slaps nemo around a bit with a large book of Techniques of Tape Reading
[10:09] {nemo} [10:06] {&Threei} now that the play is complete, see what I envisioned making a call?
[10:09] {nemo} [10:06] {&Threei} total textbook
[10:09] {nemo} textbook{----TTR
[10:09] {nemo} :)
[10:09] {_mikej} ty
[10:09] {Threei} sure mike
[10:09] {Threei} I don't remember... there is a detailed description of how to play this one in TTR?
[10:09] {nemo} then again, Houghton Mifflin has it
[10:09] {Threei} I remember there is one in scalping course
[10:09] {nemo} not the point....hawk the book
[10:10] {Threei} ah
[10:10] {Threei} .70 break was a good trigger on RIMM for long... just hated stop being way too wide
[10:10] {nemo} o.k. "Vad Graifer's compendium of publications is a, treasure trove of trading nuggets..."
[10:10] {Threei} eeck
[10:10] {nemo} too much caffeine
[10:11] {magoo} saigh
[10:11] {dino} bwld stopped -.30
[10:11] {nemo} is that gaelic for something magoo?
[10:12] {Threei} AMZN...
[10:12] {nemo} wfc looks like it might be a short
[10:12] {magoo} jpm too
[10:13] {Threei} hoped for AMZN to stay under .15 to form short setup with 83 trigger
[10:13] {Threei} ruined
[10:13] {magoo} i took it .3o
[10:13] {nemo} funny, I was loooking at it long above .22
[10:14] {Threei} that was the fade, yeah
[10:14] {magoo} shit i thought long
[10:14] {Threei} volume was abit too iffy for a call
[10:14] {nemo} what volume?
[10:14] {Threei} volume configuration did not matych long
[10:14] {magoo} out .56 TY
[10:15] {magoo} i guess lol
[10:15] {Threei} so for me it was kind of:
[10:15] {nemo} I know, I was going along with it
[10:15] {Threei} if shapes up for short, it's a call,
[10:15] {Threei} if for long, it's for your discretion
[10:15] {Threei} US Treasur'y Geithner; USD will remain principal currency; committed to strong USD
[10:15] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:15] {Threei} **consensus expectations:
[10:15] {Threei} Crude: -1.7Me
[10:15] {Threei} Gasoline: +750Ke
[10:15] {Threei} Distillate: +1.9Me
[10:16] {magoo} some numbers 10:30 correct?
[10:16] {nemo} korekt
[10:16] {Threei} move up your eyelids
[10:16] {Threei} by just couple lines
[10:16] {nemo} that says expectations Vad
[10:16] {magoo} boy..u cranky
[10:17] {nemo} me or vad?
[10:17] {magoo} vad
[10:17] {Threei} umm... and that's different from any other day how??
[10:17] {magoo} well..hows my ? any diferent?
[10:18] {Threei} what your ?
[10:18] {magoo} huh?
[10:18] {Threei} lol
[10:18] {Threei} out WFC balance
[10:18] {magoo} could u imagine magoo in your class? lol
[10:19] {Threei} sure... I will just need a taser
[10:19] {nemo} homo erectus magoous
[10:19] {magoo} short jpm .70
[10:20] {nemo} Raven-we're bad'll just get disgusted
06[10:21] * magoo slaps Raven around a bit with a large trout
[10:21] {nemo} Raven's will eat trout
[10:21] {Threei} Long Setup: INTC .95 break
[10:21] {nemo} market too strong for shorts it looks like
[10:21] {Threei} scalp only
[10:22] {magoo} stopped jpm
[10:22] {Threei} stop under .90
[10:27] {Threei} no worky
[10:28] {wulff} HIG worky
[10:28] {nemo} mmmhhh think oil number bullish
[10:28] {dino} met l .70
[10:29] {Threei} HIG was pretty break...
[10:29] {Threei} missed it... you alerted about it wulff?
[10:29] {wulff} almost too pretty
[10:29] {wulff} no sorry
[10:30] {Threei} DOE CRUDE: -2.8M V -1.7ME;
[10:30] {Threei} GASOLINE: +1.44M V +750KE; DISTILLATE: +550K V +1.9ME
[10:33] {Threei} NVAX Hearing takeover chatter circulating
[10:33] {Threei} - GILD rumored as potential acquirer (14.39, 0.53, 3.82%) (related GILD )
[10:34] {wulff} out +.21
[10:38] {ese} gild L .56
[10:39] {ese} no was a good fill IT"S .55
[10:40] {Threei} market stalls...
[10:40] {BillyD} VAD..AMZN short off .40 if stays under .52
[10:40] {dino} out met flat
[10:40] {Threei} I like it
[10:41] {ese} out gild .63 +.08
[10:41] {nemo} 20k of the little buggers?
[10:42] {ese} no ....i wish 3k
[10:43] {wulff} CAT falls
[10:44] {Threei} Former Tsy Sec Paulson: BoA cancelling Merrill deal was unthinkable
[10:45] {nemo} mmmmhhhh....rimm tracking spy more than Qs
[10:46] {larisa} ese one day you have to tell the story, what made you play big size lots and how did you gain confidence doing it, had winning streak at the beginning? just interested in huge lots player mindset :) wanna be brave like you :)
[10:46] {nemo} you would have had to do alot of mind altering experimentation when you were younger Larry
[10:47] {Threei} funny Larisa - he just told this story at the dinner this very Sunday, lol
[10:47] {larisa} does not help me :)
[10:48] {Threei} hey, you were invited :)
[10:48] {larisa} lol
[10:49] {ese} hi larissa.......after watching vads scalp trading video i caught onto the trading more than 1000 sh lots.
[10:49] {BillyD} out amzn -.15
[10:49] {Threei} chop chop started
[10:49] {ese} up to then i was getting winners but had to always wait for them to make .20 or so to pay off
[10:50] {ese} it just seemed to make sense to do the larger lots depending on volume and shortter stops.
[10:50] {wulff} INTC
[10:51] {ese} I also combined that with some of financial analysis/valuations that i learned with taking the canadian securities course
[10:52] {ese} coupled that with technical analysis to get some botoms in some stocks like fitb and intc and went very large with them
[10:54] {larisa} so having 10K and 1K is the same level of pressure for you ? you trained yourself? :)
[10:54] {ese} but i don't hang around anymore when they pay off....the old es used to hang around with the swing trading i was doing and would eventually loose the profit that i made
[10:54] {ese} i guess i coupled that with vads scalping process into a system that seems to work for me
[10:55] {Threei} larisa... the idea of scalp type I is much shorter market exposure time
[10:55] {ese} yes 10k and 1k are the same
[10:55] {ese} yes tks vad.....definately much shorter exposure time
[10:55] {larisa} in my mind scalping does not mix with big lots, but rather contradicts, this is why i am asking
[10:55] {larisa} trying to understand
[10:56] {Threei} why... just opposte in fact
[10:56] {Threei} smaller stops and better risk control allow for bigger lots
[10:56] {nemo} Larry, if the volume/liquidity is sufficient, what's the problem
[10:56] {Threei} if you go for a swing trade, your stop will naturally be wider
[10:56] {ese} you can scalp big lots....but it has to be with stocks that trade basically 10,000,000shs per day
[10:56] {Threei} since ou have to base the trade on larger time frame,
[10:57] {Threei} thus more price swings are being accounted for.
[10:57] {Threei} With day trade, your stop will be narrower
[10:57] {Threei} since you look at lesser time frame charts,
[10:57] {Threei} wich allows for more shares
[10:57] {Threei} and with scalp it's being taken to the extreme
[10:58] {Threei} Liquidity must be incorporated of course
[10:58] {Threei} and that's why ese does it on such thick stocks as INTC or FITB
[10:59] {Threei} makes sense?
[11:00] {dino} apol l .39]
[11:00] {dino} .30 i mean
[11:01] {dino} rick l .20
[11:03] {larisa} it is still the most twisted style, may be you need to be a man to do it :) and musician :)
[11:03] {larisa} ty guys
[11:03] {nemo} twisted, thy name is woman
[11:03] {Threei} man, maybe... but musician is the last thing you could call me
[11:04] {Threei} I mean if I sing, people think WW3 started
[11:05] {larisa} you ever played 10k vad ?
[11:05] {Threei} sure
[11:05] {larisa} then you are musician :)
[11:06] {Threei} why then the piano locks itself up from inside when I approach...
[11:06] {BillyD} lol
[11:09] {ese} thinkin qqqq L at .82
[11:09] {ese} .62
[11:09] {wulff} me AAPL
[11:10] {Threei}
[11:10] {magoo} i thinking pullbk time
[11:10] {Threei} you'll liker the first paregraph larisa
[11:11] {Threei} ugh
[11:11] {Threei} paragraph
[11:12] {larisa} :)
[11:15] {ese} l qqqq .62
[11:17] {wulff} AAPL +.36
Session Close: Wed Jul 15 11:19:52 2009

Session Start: Wed Jul 15 11:19:52 2009
Session Ident: #discussions
02[11:19] * Disconnected
02[11:22] * Attempting to rejoin channel #discussions
03[11:22] * Rejoined channel #discussions
[11:22] {Threei} what did I miss?
[11:23] {Threei} of course there is part II to that article:
[11:23] {Threei}
[11:24] {Threei} plus
[11:24] {Threei} and
[11:25] {Threei} and of course
[11:32] {Threei} everyone's asleep?
[11:32] {ese} L wfc .04
[11:32] {nemo} coma
[11:32] {ese} crappy fill was going for .00
[11:34] {ese} it's shite i tell ya shite!
[11:34] {dino} out rick .37, +.17
[11:34] {nemo} shuddup and take your scalp
[11:35] {dino} out apol .48, +.18
[11:35] {ese} out wfc .10 +.06 5k
[11:35] {nemo} yeah, shite...
[11:35] {nemo} ese dcc
[11:38] {dino} yum s .50
[11:41] {Threei} I must throw in one more:
[11:42] {dino} 8580 july high1483, 927
[11:47] {Threei} DRIV Guides Q2 "at high end" of $0.39-0.42 v $0.41e, R$95-97M v $96.4Me (from 4/29); Outsources customer service, cutting 120 jobs (8% of total workforce
[11:52] {Threei} (US) Update: California lawmakers reach budget deal - LA Times (related MUNIS EUR/USD USD/JPY USD/CHF )
[11:52] {dino} yum bstop is .61 fwiw
[11:55] {dino} sds l sm .10 stop lod
[12:04] {ese}'s lunch time pullback......time to get drunk?
[12:05] {ese} i mean it's time for lunch............
[12:05] {Threei} uh oh
[12:05] {nemo} liquid lunch
[12:05] {Threei} dp... pouring that shot of vodka in ese, we created a monster
[12:06] {wulff} spending week in Bellingham vad
[12:07] {ese} I hear it's not the end of the world there wulff but you can see it from there?
[12:07] {wulff} right over the ridge
[12:08] {ese} scalping monster hopefully
[12:09] {dino} wulff, they say beyong here there be monsters
[12:09] {Threei} probably closest point on continental US to our town, wulff
[12:09] {wulff} yup
[12:09] {Threei} lol dino
[12:09] {wulff} compared to south right now, fabulous
[12:09] {ese} hmmmmm ya...was just thinking that just might be
[12:10] {Threei} yup... looking at the map
[12:11] {wulff} coming to your esteemed town in the AM
[12:11] {Threei} to Victoria?
[12:11] {ese} today?
[12:11] {dino} yum stopped -.11
[12:11] {wulff} well either or Vancouver
[12:12] {Threei} wow... 5000-lb shark washes out on Long Island
[12:12] {ese} what day wulff?
[12:12] {wulff} THurs
[12:12] {dino} 5000 lbs?
[12:12] {dino} we're gonna need a bigger boat
[12:13] {ese} ahhhhh......for a visit or business
[12:13] {wulff} visit
[12:13] {wulff} wife's working
[12:14] {ese} coffee man!!!!! we should do coffee
[12:14] {wulff} vancouver?
[12:14] {ese} victoria
[12:14] {wulff} think the wife wants to go to Van
[12:15] {ese} next time......
[12:15] {wulff} sure
[12:16] {Threei} how many days you have in our neck of the woods?
[12:16] {Threei} if more than one, consider jumping on a ferry and visiting Victoria
[12:16] {wulff} I shall, till monday
[12:16] {wulff} been to Beuchart though
[12:17] {Threei} even quick tour of downtown and Butchart gardens will be something to remember
[12:17] {Threei} oh okay
[12:17] {wulff} got ripped at a bar across from the grand hotel
[12:19] {wulff} my .77 AAPL sell seems hasty now
[12:19] {dino} ttwo l .04
[12:21] {Threei} anyway, whistle if you decide to drop by to Victoria, we will try to get together
[12:21] {ese} count me in on that get together....
[12:22] {Threei} totally, we want you to buy coffee
[12:22] {BillyD} poor ese......
[12:22] {ese} forget the converted now!
[12:22] {Threei} darn dp
[12:22] {dptl} vodka??
[12:23] {Threei} [12:05] {Threei} dp... pouring that shot of vodka in ese, we created a monster
[12:23] {ese} L wfc .16 multi tasking as we speak
[12:23] {dino} you guys are making me thirsty
[12:23] {Threei} yeah, we are like pretzels
[12:23] {dino} lol good one
[12:24] {Threei} :)
[12:34] {dino} apol sm l .75
[12:37] {ese} L wfc .18 avg price .169
[12:42] {Threei} these flatline periods are so... tiresome or liberating, depnding on whether you have what to do during them
[12:42] {Threei} for those surfing porn sites during boring market (and no, I am not naming names but everyone knows anyway), it'e liberating
[12:43] {nemo} Magoo?
[12:43] {fernp} lol
[12:53] {Threei} getting ready to exit WFC ese?
[12:53] {ese} out wfc .24 +.08 10k
[12:54] {Threei} lol, how did I know
[12:54] {nemo} that's a 1:4 for ese
[12:54] {dino} wtfg es
[12:54] {Threei} wtfg?
[12:54] {dino} you know
[12:54] {nemo} yeah 3i
[12:54] {Threei} what kind of hybrid is that? :)
[12:54] {ese} hmmmmm could it be that lower high in the compx.....the litle sign of weakness
[12:55] {ese} wtfg vad.....way to f&^%&^ go
[12:55] {dino} :)
[12:55] {nemo} you left out a letter ese
[12:56] {nemo} volumes strong today
[12:56] {ese} nope...f&^%^%$&*
[13:00] {nemo} I didn't know it had 2 "%" and 2 "&" in it
[13:00] {ese} hmmmm i rather like the trading style i've become accustomed too......."My Fair Lady"....or is that i've become accustomed to her face.......
[13:00] {Threei} Treasury's Barr: Hedge funds present unknown risks (related XLF )
[13:01] {nemo} You Pygmalion you...
[13:01] {Threei} huh?
[13:01] {Threei} what;'s with this hedge funds and risk deal?
[13:01] {nemo} keeping the pressure of politicians
[13:02] {ese} unknown risks....UNKNOWN RISKS!!!!!!......wake up man!!!!
[13:04] {dino} exlp
[13:04] {ese} it's anything goes for crying out loud......they don't just trade's!!!!!........ interest rate swaps you name it.
[13:05] {Threei} White House: Opposed to any bil that would restore GM and Chrysler franchise units (related F.IT GMGMQ F )
[13:05] {Threei} ??
[13:06] {ese} that should tank the market nicely
[13:06] {Threei} I am lost
[13:06] {Threei} I just don't understand what they are saying today
[13:06] {Threei} anyone to translate it to english?
[13:07] {BillyD} won't help support any of their franchise dealersxzships
[13:07] {BillyD} corporate owned I believe
[13:07] {Threei} why?
[13:07] {Threei} ehat's the problem with those?
[13:08] {BillyD} like all dealerships, they are struggling anf govt probably wants the free enteerprise to use their money to make it work
[13:08] {larisa} Congress wants to overturn decision to close some dealers during bancrupctkrupcy, WH does not
[13:09] {larisa} too mant banks :)
[13:09] {larisa} bankruptcy it was
[13:10] {Threei} I guess I have trouble with the very concept of legislating these things...
[13:10] {Threei} butt out and let the market work
[13:11] {BillyD} Vad goes to Washington just like Mr. Smith
[13:11] {Threei} if there are too many dealerships, some witll go out of business
[13:11] {Threei} if there are too few new ones will spring up
[13:11] {BillyD} right, and private enterprise can take that role
[13:11] {Threei} I'd rather chase all those mr Smiths out of Washington, lol
[13:12] {BillyD} You can't do that to James
[13:12] {Threei} oh, he will find someone else to mock, lol
[13:17] {Threei} WFC won't quit
[13:18] {BillyD} sure glad it got it's distribution out on our trade
[13:18] {Threei} lol
[13:21] {Threei} Long Setup: AIG .10 break
[13:21] {Threei} if stays above 14
[13:21] {nemo} is that a trade call?
[13:22] {Threei} what does it look like?
[13:22] {larisa} lol
[13:22] {Threei} Long Setup: AIG .10 break for everyone but nemo
[13:23] {nemo} I think it's listed under the Endangered Species Act
[13:33] {magoo} is AIG a call?
[13:34] {Threei} sigh
[13:35] {vinod} I just notice market is up only 190
[13:36] {vinod} You guys still harassing AIG
[13:39] {Threei} well... we have to harass something
[13:40] {vinod} you have nemo and magoo?
06[13:41] * nemo slaps nemo around a bit with a large bowl of curry
06[13:41] * nemo slaps vinod around a bit with a large bowl of curry
06[13:41] * nemo thinks I would have been fish curry
[13:41] {Threei} see? no need to harass nemo, he is on self-serve
[13:42] {vinod} I agree totally
[13:45] {_mikej} AIG break .10 means buy after it passes .10 or hits it
[13:45] {nemo} after
[13:45] {Threei} break = goes through the level
[13:45] {Threei} so .10 as an offer disappears
[13:45] {_mikej} ty
[13:45] {ese} interesting day.......just through your dart......
[13:46] {_mikej} iam in
[13:46] {nemo} I missed
[13:46] {fernp} ty Vad. I am out
[13:47] {Threei} reletnless scalper
[13:47] {Threei} +t
[13:47] {fernp} :)
[13:47] {nemo} given the range today, kinda' makes sense
[13:48] {nemo} 1:1
[13:48] {Threei} fern is taking profits with no second thought... like three profiteers in one
[13:48] {Threei} over 1:1, half out for day traders
[13:48] {Threei} out for scalpers
[13:48] {Threei} see vinod... harassment wotks :)_
[13:49] {Threei} oh boy
[13:49] {Threei} works
[13:52] {Threei} 1:2
[13:52] {Threei} 1/4 more out
[13:53] {Threei} MGM CFO: Las Vegas business tone appears to have bottomed - conf comments (10.39, 0.28, 2.77%)
[13:53] {magoo} wheres resistance aig vad
[13:54] {Threei} {AIG} I know no resiatance... resistance is useless
[13:54] {Threei} .40 magoo
[13:54] {Threei} then .60
[13:55] {nemo} Mmmmmhhhh...AIG on the 5 minute chart looks kinda like Massachusetts
[13:55] {Threei} culture quiz: where is the quote "resistance is useless" from?
[13:55] {ese} now thats funny
[13:55] {BillyD} battlestar galactica
[13:56] {nemo} "resistance is futile" Star Trek Next Generation The Borg
[13:56] {Threei} nope... older
[13:56] {nemo} whoa
[13:56] {nemo} The Prisoner?
[13:56] {Threei} hmm... maybe not older...
[13:56] {Threei} anyway... clue:
[13:56] {nemo} that's the 60's
[13:56] {Threei} ok, not older then
[13:56] {Threei} Don't Panic!
[13:57] {dino} you will be assimulated
[13:57] {Threei} Hitch Hiker's Guide...
[13:57] {nemo} 70's
[13:57] {BillyD} never watched that
[13:58] {Threei} was radio thing aired in 70s nemo?
[13:58] {Threei} it preeceeded the book
[13:58] {nemo} Ohhhhh
[13:59] {magoo} out .30 TY boss AIG
[13:59] {magoo} DL
[13:59] {Threei} welcome sir
[13:59] {Threei} who still holding 1/4, stop to .15
[14:00] {magoo} are there numbers coming
[14:00] {magoo} ??
[14:03] {Threei} no... minutes of FOMC
[14:04] {Threei} - Sees risk that rising mortgage rates may hurt housing further
[14:04] {Threei} - Sees a danger of further decline in spending
[14:04] {Threei} - Officials are split as far as inflation risks; inflation will stay low, but see less of a downside risk
[14:04] {Threei} - 2009-2010 GDP outlook improved from April
[14:04] {Threei} I love this:
[14:04] {Threei} meaning, there are some that see it as strong and invincible?
[14:11] {ese} hey outta here for the son(9yrs old) and i are hitting the links....catch ya tomorow
[14:11] {dino} 8580, 1497, 931, july 1 hod
[14:11] {Threei} take care ese
[14:11] {ese} cya's actually out by your place...Glen the airport
[14:11] {_mikej} aig nice trade first with you tk
[14:12] {dino} have fun es
[14:12] {ese} cya dino
[14:12] {Threei} wtg mike
[14:12] {dino} gj mike
[14:18] {Threei} SQNM...
[14:23] {dino} out apol .05, +.30
[14:25] {dino} ttwo to .11
[14:26] {dino} out ttwo .11, +.07 3x
[14:32] {dino} 1489 ndx gap filled 6/12
[14:33] {nemo} looks like a 300 point day coming
[14:34] {dino} +6.1% dji, ndx, s/p since fri
[14:35] {larisa} nah, +150 closing :)
[14:35] {dino} sds l .60
[14:45] {dino} what would you do if open gapsfilled
[14:45] {Threei} buy with both hands
[14:46] {dino} why?
[14:47] {Threei} 'cause to fill this gap in remaining time it would take such sharp selling, bounce would be in order
[14:47] {dino} i would look at it as breakdown
[14:47] {Threei} after bounce, sure
[14:47] {dino} sds stopped
[14:48] {Threei} but natural support after such dramatic szelloff... clear bounce point
[14:48] {dino} i would think double top
[14:53] {Threei} are we talking about the same gap? :)
[14:54] {dino} 931 double top would say to me. todays gap yes 905
[14:55] {dptl} have a good evening all
[14:55] {Threei} take care dp
[14:55] {dino} cya dp
[15:09] {larisa} no sellers.. only scared shorts:)
[15:10] {magoo} expirations
[15:21] {magoo} CIT halt
[15:21] {BillyD} I seem to see stocks jump up before my QQQQ chart uptick
[15:21] {BillyD} you guys see the same with your indicies?
[15:22] {Threei} (US) Senator Schumer (D): Healthcare insurers should pay $75-100B for overall healthcare overhaul
[15:22] {Threei} - Cutting costs is the best way to finance healthcare overhaul. (related IYH CVH AET UNH CI HUM HNT )
[15:40] {Threei} yawn
[15:48] {dino} zzzzzzzzzzzzzzzz
[15:49] {dino} looks like we are all wrong, no 300+, no 150+, no gap fill
[15:51] {BillyD} it's like a yoyo right now
[15:58] {larisa} we still have 3 min! i am a believer :)
[15:59] {Threei} ummm
[15:59] {Threei} 1
[15:59] {Threei} believe now? :)
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {larisa} later :)
[16:02] {fernp} good nite all
[16:03] {magoo} good nite
[16:03] {Threei} CIT Halted: news pending
[16:03] {Threei} - government aid package will be announced in next 24-hours - unconfirmed report
[16:04] {magoo} any reports vad?
[16:10] {dino} gotta hop, tee time in 20

Tuesday, July 14, 2009

Jul 14 2009

Another fine day with three winning trades on WFC (short, long short, like a fiddle) and RIMM long... followed of course by a long period of deep sleep.

Session Time: Tue Jul 14 00:00:00 2009

[08:29] {vinod} gm
[08:31] {larisa} morning :)
[08:32] {magoo} morning
[08:34] {fernp} hi everybody
[08:34] {nemo} haroo
[08:35] {Threei} Good morning
[08:35] {nemo} debatable
[08:35] {nemo} miss any good premarket trades?
[08:39] {cosmo} TTWO warns
[08:39] {vinod} Capstone Products Eligible for Reimbursement From $3 Billion U.S. Government
[08:39] {Threei} yesterday after hours, yeah
[08:41] {Threei} MKTX Awarded U.S. Patent for Request for Quotation Electronic Trading Capability
[08:41] {Threei} Awarded a U.S. patent for its electronic request-for-quotation (RFQ) method and system for client-to-multi-dealer trading of debt securities on a secondary market. This is the second patent granted to MarketAxess, which earlier this year received a patent for its electronic bid and offer list functionality.
[08:43] {Threei} AIG is just plain irritating
[08:44] {nemo} could be DB
[08:45] {magoo} yea...hey, any read GS
[08:45] {Threei} nope
[08:47] {magoo} [08:43] {&Threei} AIG is just plain irritating
[08:47] {magoo} now substitue vad for AIG lol
[08:48] {nemo} HAHAHAHAHAHA
[08:48] {Threei} sigh
[08:48] {Threei} and I thought my ense of humor qas bad
[08:48] {nemo} you were correct
[08:54] {dino} gm all
[08:55] {Threei} dino :)
[08:55] {nemo} dino :)
[08:56] {dino} gm
[09:01] {nemo} guess that was a DB on AIG
[09:01] {Threei} Awarded a U.S. patent for its electronic request-for-quotation (RFQ) method and system for client-to-multi-dealer trading of debt securities on a secondary market. This is the second patent granted to MarketAxess, which earlier this year received a patent for its electronic bid and offer list functionality.
[09:01] {Threei} oops
[09:01] {Threei} (US) Asst Treasury Sec Barr: Banks should have nothing to fear from new consumer protection agency (related XLF )
[09:01] {Threei} {Banks} uhhu
[09:01] {nemo} ubuntu?
[09:02] {texus} morning
[09:02] {nemo} say "hello" Vad
[09:03] {Threei} RMBS U.S. Patent and Trademark Office Rejects Additional Patent Claims That Rambus is Asserting Against NVIDIA (15.48, 0.00, 0.00%) (related NVDA )
[09:03] {Threei} sigh
[09:03] {Threei} good morning texus, welcome to the room
06[09:05] * Threei slaps nemo around a bit with a large warning: Do not try to bring out the best in me, you may not like it
[09:05] {Threei} GS CFO: Goldman as virtually no direct exposure to the consumer - comments to reporters (149.44, 0.00, 0.00%)
[09:05] {nemo} depends on you define "best"?
[09:05] {Threei} TBUS Receives a Significant Order From a Bus Vehicle Manufacturer in India (1.64, 0.00, 0.00%)
[09:05] {Threei} I am pretty sure I read this TBUS news last week
[09:05] {BillyD} morning
[09:05] {nemo} Like, best for Jeffery Dahmer, or best for Florence Nightingale :)
[09:05] {Threei} Billy :)
[09:11] {Threei} WFC Hearing Sterne Agree making cautious comments (timing uncertain) (24.80, 0.00, 0.00%)
[09:11] {dino} texus welcome to the jungle
[09:12] {Threei} Comments surround analysis that indicates WFC may need to tap the equity markets
[09:12] {nemo} perhaps "asylum" might be more appropos
[09:12] {Threei} nemo knows
[09:12] {nemo} yeah, it's a bitch typing with your elbows because of these really long sleeves
[09:13] {Threei} whew.... I was wondering... no comeback for whole 30 seconds
[09:13] {Threei} all is well again
[09:13] {dino} lol nemo
[09:13] {nemo} sorry...all nighter last night...tired
[09:13] {Threei} it's OK... you don't have to be awake to trade
[09:14] {nemo} As long as my chin hits the buy button at the right time
[09:15] {Threei} just make suree sell button is not right under your nose, or you may take profit faster than you intended
[09:15] {vinod} nemo sorry...all nighter - like to know detail about it
[09:15] {nemo} good point, with my nose, that always enters the room first
[09:15] {Threei} uh oh... you sure vinod?? :)
[09:15] {nemo} hehehehehe
[09:16] {jfjf64} mornin
[09:16] {Threei} jf :)
[09:16] {Threei} WFC...
[09:16] {Threei} .80 is breakdown point on 1 min so far
[09:16] {nemo} Goldman: 4.53/shr vs 3.54 expected....there'll be howling today
[09:17] {Threei} and yesterday's high
[09:17] {Threei} morning hectic trading can make this short very profitable and quick loss with the same odds
[09:20] {Threei} AIG forms breakout, believe it or not
[09:20] {Threei} I am not a buyer here, it's not really breakout stock
[09:21] {nemo} guess that means it'll breakout
[09:21] {Threei} let's see if WFC forms resistance close enough for a decent stop placement
[09:22] {Threei} ideally would like to see it staying under .90
[09:22] {Threei} then .80 break would be a nice short trigger with relativeley small stop
[09:22] {Threei} don't go crazy on size though, this one is capable of disgusting slippage
[09:25] {ese} GM
[09:25] {Threei} ese :)
[09:25] {nemo} frickin' aig
[09:26] {Threei} yeah
[09:26] {Threei} shrug
[09:27] {vinod} dead man walking-AIG
[09:27] {nemo} don't forget to wet the sponge
[09:29] {magoo} its prob giving us a nice short opportunity eventusally'
[09:29] {magoo} AIG
[09:29] {Threei} eventually, of course
[09:29] {Threei} but premature shorts get killed
[09:29] {magoo} io mean, lets see 24 again
[09:29] {Threei} wow... I doubt that :)
[09:30] {Threei} although you know.... stranger things have happened
[09:30] {nemo} rally!
[09:30] {Threei} anyone went for WFC short, cover half here
[09:30] {nemo} oops, Larisa's here
[09:30] {cosmo} ttwo
[09:30] {cosmo} tests
[09:31] {_johnk3} great trade WFC, thx :)
[09:31] {Threei} welcome
[09:31] {Threei} feel free to cover in full
[09:31] {Threei} when it bounces it will be fast and furious
[09:32] {Threei} 16.20 buyer AIG can't believe it
[09:32] {magoo} TTWO up
[09:32] {Threei} and swears off market orders forever
[09:32] {Threei} Long Setup: WFC .50 break if stays above .40
[09:33] {magoo} in
[09:33] {Threei} keep stop on WFC as if your life depends on it
[09:33] {Threei} it can really hurt if you don't
[09:33] {ese} compx pulling same stunt as yestereday? down to start ......finish up......most earnings releases have been god
[09:34] {ese} good
[09:34] {Threei} QTWW Obtains $3 Million of New Debt Financing; Restructures Existing Credit Facility and Renews a $10 Million Commitment Letter (0.70, 0.02, 2.32%)
[09:35] {magoo} RIMM
[09:35] {Threei} 1:1 for scalpers, day traders half out
[09:35] {jfjf64} tyty
[09:35] {Threei} stop to .45 for the balance
[09:35] {BillyD} ty
[09:36] {Threei} AIG... lol
[09:36] {Threei} really, who would have guts to buy it at .40
[09:37] {Threei} 16.20 buyer offers AIG at .21 and holds his breath
[09:37] {fernp} lol
[09:37] {BillyD} amidst the tears
[09:38] {Threei} scalpers win on WFC
[09:38] {jfjf64} ya ya
[09:39] {nemo} patience must be thrilled with tck
[09:39] {Threei} STSI Hearing strength attributed to speculation that tobacco case against firm could be overturned (1.14, 0.18, 18.75%)
[09:39] {nemo} interesting, that scalp pulled back to the BB average and dropped
[09:39] {Threei} WFC you mean?
[09:40] {nemo} yes
[09:40] {patience} it has nice volume each day and good movement....its a nice one for scalping nemo :)
[09:40] {Threei} sign of weakness
[09:40] {nemo} what other scalp you have this morning?
[09:40] {Threei} coulnd't go to upper BB
[09:40] {Threei} even as market helped
[09:40] {Threei} actually.. if market helps:
[09:40] {Threei} Short Setup: WFC .40 break
[09:41] {Threei} stop above .50 for scalpers
[09:41] {Threei} above .55 for day traders
[09:41] {Threei} 1:1 for scalpers
[09:42] {jfjf64} gs pullbk
[09:45] {Threei} WFC stop to .45
[09:45] {Threei} let's be stingy
[09:46] {Threei} 1:1 for day traders
[09:46] {Threei} if you partial, stop to .41
[09:46] {Threei} no weay to turn this trade into loss
[09:47] {Threei} and don't ask me what "weay" is
[09:47] {nemo} make it from milk, right?
[09:47] {Threei} dp is not here, which means I have only nemo and magoo to blame for my typing... and my typing is so bad, I need more than just two people to lran on
[09:47] {dino} sm l sds .25
[09:47] {nemo} that poor market buyer in aig
[09:48] {Threei} now, what kind of news is this:
[09:48] {Threei} (CA) Canada Jun existing Home prices +3.6% y/y (related USD/CAD )
[09:52] {Threei} stop to .35
[09:53] {Threei} 1/2, cover 1/4 more
[09:53] {Threei} 1:2
[09:54] {dino} sds to flat
[09:54] {jfjf64} rimm ?
[09:55] {Threei} (US) Assistant Treasury Sec Barr: GSE reform to come in Feb 2010
[09:55] {Threei} - Note: US Rep Frank commented last week that GSE reform would be a priority, but not until 2010 (related FNM FRE )
[09:55] {Threei} in Feb?
[09:55] {vinod} for me 24.25 to cover WFC
[09:55] {Threei} I want to know exact dsate and time
[09:55] {nemo} that's when they'll start talking about it
[09:56] {Threei} not sure here jf
[09:56] {vinod} shorted at .40 break wfc
[09:57] {Threei} here we go, 1:2
[09:57] {dino} esi strog today
[09:58] {dino} strong
[09:58] {Threei} stop to .25 for the last portion if you are very stingy
[09:59] {vinod} ty-boss cover at .07
[09:59] {Threei} welcome sir
[10:00] {vinod} see you after 14.00
[10:00] {Threei} vene vidi vici
[10:00] {nemo} bye vino
[10:00] {nemo} vene vidi and kicked ass
[10:01] {dino} sds stopped flat
[10:03] {dino} amag sm l .70
[10:03] {Threei} who is still holding last piece:
[10:03] {Threei} stop to above .20,
[10:04] {Threei} next cover or next trail when/if it breaks 24
[10:04] {nemo} that volume spike @ 10
[10:05] {Threei} I am not sure it has any significance... maybe yes maybe no
[10:05] {Threei} just going with routine procedure here
[10:05] {nemo} not closing above that 13 ma
[10:05] {Threei} abandoning thinking
[10:05] {Threei} (which is easy and enjoyable)
[10:06] {Threei} 1:3 is .95
[10:06] {Threei} make uop your mind, cover or trail
[10:06] {Threei} both a valid,
[10:06] {Threei} your personal risk tolerance and objectives kick in here
[10:07] {Threei} mags... did we finally get WFC or what?
[10:07] {Threei} 3 for 3
[10:07] {BillyD} amazing on WFC
[10:08] {Threei} elusive one
[10:08] {BillyD} yes
[10:08] {Threei} shook us out a few times
[10:08] {Threei} (US) Reportedly House healthcare reform bill would create a commission to recommend changes in Medicare reimbursement
[10:08] {Threei} - Reform bill includes surtax on the wealthy beginning in 2011, with a possible rate increase in 2013.(1% tax on $350/year could go to 2% in 2013, $500K in earnings taxed at 2% in 2011, going to 3% in 2013; $1M in earnings tax at 3% rate in 2011, moving to 4% in 2013)
[10:08] {magoo} u doing well weith the double sided plays :)
[10:08] {_johnk3} managed to get three small chunks of this trade :)
[10:08] {Threei} I hope there is no second meaning in there
[10:09] {Threei} cool beans johnk
[10:09] {_johnk3} thx
[10:09] {Threei} how do you like all this focus on tax?
[10:09] {nemo} gonna' be a lot more of it
[10:10] {jfjf64} sqnm
[10:10] {nemo} missed aig short
[10:11] {Threei} WFC 16.20 buyer cancels his sell order, puts the stock in his long term account, refuses to look at P/L column
[10:11] {Threei} sorry, that was for AIG
[10:11] {dino} apol sm l .00
[10:11] {BillyD} it will come back vad :)
[10:12] {Threei} of course... so though QCOM buyer at 700 in 2000
[10:12] {Threei} thought
[10:12] {BillyD} lol
[10:13] {Threei} let it be the lesson for unenlightened; NO MARKET ORDERS ON THE OPEN
[10:14] {Threei} wow
[10:14] {Threei} serious dump
[10:14] {_johnk3} aig
[10:14] {Threei} let's see if we can get readable short on bounce
[10:15] {Threei} but keep size down to half lot
[10:15] {Threei} {AIG} what bounce...
[10:17] {Threei} maybe it's a bit of going to the same well one too many times but...
[10:17] {Threei} Long Setup: AIG .20 break if stays above .10
[10:17] {BillyD} hmmm
[10:17] {larisa} wfc you mean?
[10:17] {Threei} grr
[10:17] {Threei} lol
[10:17] {Threei} yes
[10:17] {Threei} how come I started confusing them today
[10:18] {Threei} Long Setup: WFC .20 break if stays above .10
[10:18] {larisa} put watermark on your charts or something :)
[10:19] {Threei} I like how it's holding here
[10:19] {Threei} if it's capable of stayin at this level and breaking, should be good
[10:21] {Threei} invalidated
[10:21] {Threei} Long Setup: AIG .60 break
[10:21] {Threei} half lot
[10:21] {nemo} you feeling o.k.? You spelled that correctly
[10:21] {Threei} hehe
[10:21] {Threei} invalidated
[10:23] {nemo} wfc got that higher low going
[10:23] {Threei} feels like reversal to me
[10:23] {Threei} jst can't find good structure
[10:24] {nemo} about that time
[10:24] {wulff} in WFC
[10:24] {dino} qcom sm l .25
[10:24] {Threei} where did you enter wulff?
[10:24] {wulff} .17
[10:25] {wulff} half
[10:26] {BillyD} AIG nasty drops
[10:26] {nemo} lod stop on qcom dino?
[10:26] {BillyD} unless you are short of course
[10:26] {Threei} we had a few trades on it before you connected... careful, make sure it's not a revenge trading on your part
[10:27] {dino} yes nemo
[10:29] {Threei} I suggest to designate someone to blame that we haven't shorted AIG
[10:29] {nemo} DP
[10:30] {Threei} dp is not here, so yeah
[10:30] {Threei} he is the best candidate
[10:30] {nemo} perfect
[10:30] {nemo} we'll tear him a new one next time he shows up
[10:31] {nemo} energy strong today financials (duh) in the red, everything else pretty flat
[10:32] {dino} amag stopped off my screen
[10:37] {wulff} out WFC
[10:38] {ese} BRCM ascending triangle....vad if you get a chance to look at it....are price swings too big or should they be tighter when working toward a high......will it make a difference on a breakout if the swings are larger
[10:39] {Threei} I like it overall
[10:39] {Threei} it won't go without market help
[10:39] {ese} the large price swings?
[10:40] {ese} true
[10:40] {Threei} no, overall look
[10:40] {ese} tks
[10:40] {Threei} I don't think I'd go for break on it
[10:40] {ese} tks
[10:40] {Threei} rather try to get it aggressively off support if markert reverses upward and allows entry
[10:41] {nemo} fcx testing support
[10:41] {Threei} then eiter scalp it inot move to resiatnce or partial of market shows more strength
[10:41] {ese} tks
[10:41] {ese} was thinking entry here
[10:42] {ese} opps...invalidated
[10:44] {wulff} WFC not falling
[10:44] {Threei} SF Fed Economist: Expects a gradual recovery to begin in Q3
[10:44] {wulff} of 2015
[10:44] {nemo} define "gradual"?
[10:44] {nemo} we're all dead in 2012 wulff
[10:45] {wulff} oh, forgot
[10:45] {Threei} wow... you are deep thinker... I am still working on "a"
[10:45] {Threei} labor market slack worse than 1982 recession
[10:45] {Threei} - Does not see correlation between high fiscal deficit levels and inflation levels
[10:46] {nemo} what about money printing to cover the deficits?
[10:48] {Threei} MTXX Hearing strength attributed to speculation regarding filing for new form of Zicam (6.06, 0.55, 9.98%)
[10:49] {Threei} MTXX has squeeze potential
[10:49] {Threei} needs better pullback for entry
[10:50] {ese} L egle .71
[10:50] {ese} the eagle has landed ?
[10:50] {nemo} or is it a turkey?
[10:50] {Threei} well, if EGLE, then DRYS should be a play too
[10:51] {ese} could be turkey...we'll know in a minute
[10:51] {wulff} round 2 WFC.17
[10:55] {wulff} 1:1
[10:56] {Threei} Long Setup: RIMM .63-.65
[10:56] {Threei} if stays above .50
[10:56] {magoo} in
[10:56] {ese} out egle .77 +.06
[10:56] {ese} 5k
[10:56] {dino} nice
[10:56] {nemo} If you say Rimm Mags is in
[10:57] {Threei} (US) Pres Obama: Sees unemployment figures to continue to tick higher in coming months
[10:57] {Threei} - Not immediately clear how fast jobs can be restored
[10:57] {Threei} - Reminder: In past week administration acknowledged that it saw unemployment rising to 10% or higher
[10:58] {Threei} Not immediately clear how fast jobs can be restored? But I thought as soon as stimulus bill was passed... whcih was so urgent...
[10:58] {wulff} in .63
[10:59] {dino} ttwo l .02
[11:02] {ese} egle was outa line by the way......should not have traded 5k on it.......should have been more like 1 or 2k if that......anyone new to the board .....i wouldn't do that if i were you
[11:03] {ese} just thought that i would qualify that trade because the volume was quite low on it
[11:03] {Threei} NY Fed: Purchased $7.5B in $300B outright coupons purchase; Dealers submitted $14.7B for consideration (bid to cover 1.96)
[11:06] {ese} L qqqq .56
[11:07] {Threei} let's trail RIMM to .55
[11:08] {Threei} time for it work or stop bothering us
[11:11] {magoo} vad AIG lomg?
[11:11] {Threei} WFC treats you well this time wulff
[11:11] {wulff} yup
[11:11] {Threei} no read on it mags, sorry
[11:11] {magoo} grrrrr
[11:12] {Threei} 50/50 really
[11:12] {wulff} 1:2
[11:13] {Threei} RIMM 1:1
[11:14] {dino} gj
[11:14] {Threei} US Senator Tester (MT) (D): Not happy with Goldman Sachs' compensation decisions
[11:14] {Threei} {GS} as if we give a flying sneeze about your happiness
[11:16] {Threei} (US) House Majority Leader Hoyer (D): Passage of healthcare bills by August is possible (related IYH )
[11:16] {ese} out qqqq .63 +.07
[11:17] {Threei} 1:2
[11:17] {Threei} me out RIMM in full
[11:17] {Threei} +.31
[11:17] {fernp} gj Vad. ty
[11:17] {Threei} :)
[11:17] {jfjf64} ty ty
06[11:17] * Threei slaps magoo around a bit with a large roll of cash
[11:18] {Threei} twice jf??
[11:18] {Threei} well...
06[11:18] * Threei slaps jfjf64 around a bit with a large roll of cash
06[11:18] * Threei slaps jfjf64 around a bit with a large roll of cash
[11:18] {jfjf64} new blackberry
[11:18] {magoo} out rimm Ty
[11:18] {jfjf64} new blackberry
[11:19] {Threei} enjoying new toy?
[11:19] {Threei} enjoying new toy?
[11:19] {larisa} lol lol
[11:19] {jfjf64} larissa
[11:19] {jfjf64} larissa
[11:19] {jfjf64} hello
[11:19] {larisa} hi :)
[11:19] {Threei} {Raven} you guys are degrading right before my very eyes
[11:20] {nemo} life process
[11:20] {nemo} move towards entropy
[11:21] {nemo} dust to dust ashes to ashes
[11:21] {nemo} too much alcohol
[11:21] {wulff} out WFC
[11:21] {Threei} wtg
[11:22] {Threei} committed to paying for healthcare reform; surcharge on wealthy is just one option
[11:22] {Threei} - US House Bill includes new taxes on incomes in excess of $350K/ye
[11:22] {Threei} why do I shudder hearing "surcharge on wealthy"
[11:22] {nemo} one of many they will use
[11:22] {nemo} eventually "wealthy" will be defined as anyone paying taxes
[11:23] {Threei} by the mindset, this is total 1917 in Russia
[11:23] {nemo} You already have 1/3 that don't
[11:23] {dino} more like 50%
[11:23] {nemo} Marx said the US would be the perfect place for Communism
[11:23] {nemo} will be Dino
[11:24] {dino} well if you consider minors way over nemo
[11:24] {nemo} true
[11:25] {dino} ice lod
[11:26] {dino} qcom hod
[11:33] {Threei} SEC's Shapiro: Uptick rule will hopefully be addressed by the end of the summer months; hopes SEC approves short sale rules (related XLF )
[11:34] {Threei} who cares about that bs
[11:34] {Threei} imitation of activity...
[11:34] {dino} means nothing
[11:34] {nemo} have to give the hordes a piece of bread
[11:35] {Threei} 8:09:36 AM
[11:35] {Threei} Immunomedics Inc Shares assumed Buy at Brean Murray; ADLR resumed Buy
[11:35] {Threei} - IMMU price target $8
[11:35] {Threei} - ADLR price target $4
[11:35] {Threei} IMMU moving...
[11:35] {dino} out ttwo .14, +.12 dl
[11:36] {Threei} nice one dino
[11:36] {dino} ty
[11:40] {ese} Lfitb .00
[11:40] {dino} sm l ice .50
[11:41] {ese} comp/ndx go through there daily highs and i think it's going to be another day like yeaterday
[11:41] {dino} say it isn't so es
[11:42] {ese} ya yer ain't gonna wisen up es!
06[11:44] * Threei sends ese a bottle of 40% Wisener
[11:44] {magoo} vad..a read on AIG?
[11:44] {magoo} i know...GRRR
[11:45] {dino} ice stopped
[11:48] {ese} nahhh i like that vodka from the other day vad......
[11:48] {ese} could have just lit a match to me and ....whoooooosh....
[11:51] {ese} fitb....don't fail me now baby!!!!!!!
[11:51] {magoo} A
[11:51] {magoo} I
[11:51] {magoo} G
[11:52] {ese} mags your hillarious
[11:52] {magoo} i took .30 after asked vad
[11:52] {dino} ice rinsed
[11:52] {Threei} {magoo} ty ese, the rest of humanity thinks I am annoying
[11:52] {magoo} out here
[11:53] {Threei} US Sen Dodd: Providing Fed with authority as systemic regulator places independence at risk as more authority would need to be given to Congress to oversee the Fed
[11:53] {larisa} .20 was good support, you did not need to ask, nice call mags :)
[11:53] {magoo} if vad would quit dismissing magoo..he'd see some trades lol
[11:54] {Threei} I wish I could mags...
[11:54] {larisa} lol
[11:56] {Threei} GS CFO: Not expecting to keep leverage ratios at these historical low levels over time - conf call Q
[11:58] {Threei} interesting... what leverage they are at
[12:09] {magoo} give me a A
[12:09] {magoo} give me an I
[12:09] {magoo} give mer a G
[12:09] {Threei} cheerleaders dance around magoo, golden pompons waving
[12:10] {dino} i wish
[12:10] {Threei} lol
[12:11] {magoo} skirts a flyin"
[12:25] {Threei} Microsoft CEO: Google's new operating system product does not make much sense
[12:25] {Threei} - Note that last week Google unveiled its Chrome OS, a free operating system that it hopes will compete with Windows.
[12:25] {Threei} of course not
[12:25] {Threei} just as got Google MSFT's search engine doesn't make amy sense
[12:25] {Threei} got = for
[12:26] {Threei} sheesh... 2 mistypes in 3 letter word??
[12:26] {Threei} I hit new lows...
[12:26] {BillyD} that was more of grammar error vad
[12:29] {ese} signing off for about 30min all see ya in a bit
[12:29] {Threei} we will be here ese
[12:30] {Threei} even if sleeping
[12:54] {wulff} and you mean sleeping
[12:55] {Threei} actually I meant being in coma
[12:56] {dino} sm l esi .25
[13:14] {Threei} unlike yesterday, today market didn't have any worthy range at all... less than 15 p;oints NQ range
[13:25] {Threei} I like the symbol
[13:25] {Threei} EGO
[13:25] {BillyD} RIMM near low but no real feel
[13:26] {Threei} feels liike breakdown to me
[13:26] {BillyD} stop .15?
[13:26] {BillyD} even without mkt help?
[13:27] {Threei} enough for market to stay inactive
[13:27] {Threei} exact structure of the play is not very clear
[13:27] {Threei} mostly because of pacxe being too flat
[13:27] {Threei} no real changes
[13:28] {BillyD} 50/50 on it?
[13:29] {nemo} it's staying below the 13 ma in the BB
[13:29] {nemo} market strengthening a bit
[13:30] {Threei} not even 50/50...
[13:30] {Threei} rather 33/33/33
[13:30] {BillyD} lol....
[13:31] {Threei} where last 33 is for "will never move anewhere"
[13:31] {BillyD} I fugured that was the middle 33
[13:34] {Threei} Chrysler financial reports full repayment of $1.5B of TARP funds (related F GMGMQ )
[13:34] {Threei} so, everyone repays TARP.. no inflation threat?
[13:35] {dino} you forget aboput the budget
[13:52] {Threei} MTXX... keeping half eye on it
[13:55] {KSystems} lol
[13:56] {KSystems} i still have a few of those
[13:59] {Threei} you investor you
[14:03] {dino} apol to .40
[14:04] {ese} howsssszit goin......i'm back like bad BO
[14:05] {BillyD} thought I smelled something
[14:05] {BillyD} lol
[14:06] {ese} ha ha good one.....gotta stop settin myself up like that
[14:07] {dino} nasty
[14:07] {BillyD} sorry, ese this afternoon is boring
[14:11] {dino} apol to .50
[14:11] {dino} esi to .60
[14:11] {ese} no apology's the old "don't get angry......get even thing"
[14:12] {BillyD} lol
[14:14] {dino} apol to .59
[14:15] {dino} to .65
[14:16] {Threei} LMT Announces job cuts in plant in NY due to cancellation of Presidential Helicopter program
[14:16] {dino} esi to .65
[14:16] {Threei} 600 jobs to be cut of total 3,000 workforce
[14:17] {Threei} lt me get this straight... presidential mprovoements to this and that actually cost us jobs?
[14:18] {larisa} mprovoements is new
[14:19] {dino} qcom to .55
[14:19] {dino} out esi .70, +.45
[14:20] {larisa} gj :) now sell APOL so we all can sleep
[14:21] {dino} lol
[14:21] {dino} nemo, you still have qcom?
[14:22] {nemo} no sir
[14:22] {dino} scalpped it?
[14:22] {nemo} out at .50 when it hit resistance, got nervous after that volume spike
[14:23] {dino} gj
[14:23] {dino} had thoughts of .80, but not happening
[14:26] {dino} out qcom .59, +.34
[14:26] {BillyD} gj dino
[14:26] {dino} ty
[14:28] {dino} apol to .80
[14:28] {dino} esi continues up
[14:29] {dino} out apol .85, +.85
[14:30] {larisa} :)
[14:30] {dino} ;)
[14:32] {dino} pot?
[14:33] {dino} ice trying
[14:33] {nemo} wedging up but resistance @ 83.25
[14:33] {Threei} Citigroup Inc Pennsylvania Securities Commission reportedly instructs company to return 'hundreds of millions' of dollars to thousands of state investors
[14:33] {Threei} - Commission mandates Citigroup pay $2.31M assessment to the state
[14:33] {Threei} - Citigroup must offer to repurchase ARS from retail investors but not necessarily institutional or professional investors
[14:34] {nemo} pot that is
[14:35] {dino} i understood
[14:35] {dino} prefer it around 82.50
[14:48] {dino} blew thru
[14:49] {nemo} yeah volume increased too on the rise
[14:49] {ese} ahhh bugger it....out fitb .04 +.04 7k
[14:51] {dino} gj
[14:54] {ese} tks.....flat market....didn't give me anymore
[15:01] {Threei} ENER Confirms Supply Agreement With Inovateus Solar
[15:01] {Threei} - signed a supply agreement with Inovateus Solar. Inovateus expects to purchase up to 10MW of UNI-SO... (12.38, -0.36, -2.83%) more...
[15:07] {Threei} US govt reportedly considering making direct mortgage payments on behalf of some homerowners who are late on payments; also considering whether to allow delinquent borrowers to stay in their homes as renters - unconfirmed report
[15:07] {Threei} hmmm
[15:07] {Threei} I am getting interested
[15:08] {Threei} maybe I should move to the Sates and let your goverment pay my mortgage
[15:16] {BillyD} come to AZ Vad, we have alot of vacant homes for you to choose from
[15:16] {Threei} actually... my friends just bought winter house there
[15:17] {Threei} and I may drop by next Feb
[15:17] {BillyD} good time to visit
[15:19] {Threei} FITB is so perfetc chart fpr .05 break
[15:19] {Threei} too bad it's so narrow
[15:27] {vinod} I wish I had time to bother you guy little more
[15:28] {vinod} look like nemo shoot AIG down?
[15:28] {nemo} wtf did I do?
[15:30] {Threei} Fed's Hoenig: US economy near bottom of downturn
[15:31] {Threei} {US economy } am I?
[15:31] {Threei} {bottom of downturn} where is US economy?
[15:31] {BillyD} they been saying that for 2 years
[15:32] {Threei} a return to trend GDP growth by 2011
[15:32] {Threei} - Forecasts for positive growth in Q2 most likely 'optimistic'; must avoid an inflation
[15:33] {magoo} c'mon vad..get me a winner or i quit your room LOL
[15:34] {nemo} Really?
[15:34] {BillyD} rofl
[15:34] {larisa} lol
[15:35] {magoo} on second thought.....or i'll NEVER quit
[15:35] {nemo} no win situation Vad
[15:38] {dino} ttwo l .05
[15:40] {vinod} yes, vad make us long term investor?
[15:43] {larisa} RIMM is so annoying, and its support is annoying also :)
[15:44] {BillyD} I agree Larisa....
[15:44] {dino} out ttwo .10, +.05 3l
[15:44] {Threei} magoo
[15:45] {Threei} if I give you 10 and one of them works, does that count?
[15:45] {dino} ice sm l .50 last time
[15:50] {dino} i will gladly pay you tomorrow for a hamberger today
[15:51] {dino} e=u
[15:51] {Threei} CIT S&P: CIT default could impact 1,800 synthetic CDOs
[15:51] {Threei} great
[15:51] {Threei} where is that elusive "downturn bottom"
[15:53] {dino} saia drop
[15:53] {BillyD} ina stack
[15:54] {vinod} have a good evening to all
[15:55] {Threei} you too vinod
[15:55] {dino} cya vinny
[15:55] {Threei} FITB strong finish
[15:55] {Threei} pretty chart
[15:55] {Threei} worth watching tomorrow
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} have a good evening
[15:59] {BillyD} u 2 Vad
[15:59] {Threei} see you tomorrow
[15:59] {larisa} bye
[16:00] {Threei} mags
[16:00] {Threei} ALTR, INTC, YUM.
[16:01] {dino} cya vinny

Monday, July 13, 2009

Jul 13 2009

Nice star to a week - 6 calls, 5 wins. RIMM and AIG made the day.

Session Time: Mon Jul 13 00:00:00 2009

[08:17] {nemo} Morning Raven
[08:20] {Raven} howdy
[08:20] {nemo} How's the birding going?
[08:21] {Raven} slow ... getting late ... singing subsided
[08:22] {nemo} one of the simple pleasures in life...waking up to birdsong. Having said that the spring cacophony can be worse than city traffic
[08:22] {Raven} nothing is worse than city traffic
[08:22] {nemo} City anything
[08:23] {Raven} correct
[08:47] {vinod} Good Morning nemo Raven and to all
[08:47] {nemo} hello
[08:47] {Raven} morn :)
[08:48] {vinod} look like they got Whitney to pump bank stock today?
[08:48] {nemo} GS upgrade...Government Sachs strikes again
[08:49] {Threei} (US) Treasury Sec Geithner: Have seen a significant easing of the financial crisis, expects different global regions to emerge from crisis at difference times
[08:49] {Threei} - Sees a good chance US and overall global economy will return to growth over the second half of 2009.
[08:49] {Threei} - Warns that the global recovery still faces plenty of sigificant risks and challenges.
[08:49] {Threei} - Monitoring CIT situation closely, US has the authority it requres to resolve CIT if needed.
[08:49] {Threei} - There is strong consensus among global economic players on measures needed to stoke recovery.
[08:49] {Threei} - The maximum impact of US stimulus spending is only just beginning to be felt
[08:50] {Raven} blahblahblahblahblah
[08:50] {vinod} aren't we in second half of 2009?
[08:51] {nemo} are we?
[08:51] {vinod} I am confuse now may be we are in frist half
[08:52] {Raven} we are in the first half of the second half
[08:52] {nemo} Arguably the first 1/8
[08:53] {cosmo} its the start of the 3rd quarter
[08:53] {KSystems} Maybe it'd be hard to find a place in time that is earlier in the second half
[08:53] {nemo} We
[08:53] {nemo} We're in Cancer transitioning to Leo
[08:53] {vinod} please don't miss quote him. he means second half of 2010
[08:54] {Threei} Merdeith Whitney: Unemployment could reach 13% (no timeframe provided) - CNBC
[08:55] {Threei} The Goldman Sachs Group Inc Follow up: Shares continue to trade higher in the NY pre-market as Meredith Whitney speaks live on CNBC
[08:55] {Threei} - Call on financials: To move +15% before flat-lining, then will make another down move
[08:55] {Threei} - Continues to be worried about the consumer, does not expect consumer levels to come back any time soon
[08:55] {Threei} - Levels of loan modifications will remain high, this will extend the lifetime of current loan facilities
[08:55] {Threei} *Reminder: Earlier in session: Shares raised to Buy from Neutral by Meredith Whitney, price target $186
[08:56] {cosmo} unemployment skyrockets on weekends ... ya know
[08:58] {dino} gm all
[08:59] {Threei} dino :)
[09:00] {dino} :)
[09:00] {ese} gooooooood morning
[09:00] {ese} dino
[09:02] {Threei} ese :)
[09:03] {BillyD} gm everyone :)
[09:04] {Threei} Billy :)
[09:06] {Threei} I just realized what is drastically different this summer
[09:06] {nemo} volatility?
[09:06] {Threei} anyone noticed which sentence that we used to hear every summer was not used even once this time?
[09:07] {Threei} Raven... we used to wonder where they got the idea
[09:07] {Threei} "Summer rally"
[09:08] {cosmo} long hot summer?
[09:08] {magoo} morn
[09:08] {Threei} every summer they would start talking about it as if it were given that every summer we have a rally
[09:08] {Threei} magoo :)
[09:09] {Raven} summer doldrums
[09:09] {cosmo} beach rallies
[09:09] {magoo} why GS up 5??
[09:09] {nemo} upgrade
[09:10] {ese} morning vad....was just geting my coffee
[09:10] {Threei} :)
[09:10] {magoo} ty, why financials up?
[09:10] {Threei} doldrums is legitimate one
[09:10] {Threei} that I accpet
[09:11] {Threei} or accept... depending on my mood
[09:11] {Raven} sigh
[09:12] {fernp} good morning everybody
[09:12] {Threei} fern :)
[09:12] {dino} ady
[09:14] {ese} hmmmm $110 target for RIMM Broadpoint AM Tech.....whoever they are
[09:15] {ese} $175 for appl
[09:15] {ese} aapl...
[09:16] {magoo} new tho
[09:19] {ese} kinda looks like an up day?......
[09:20] {dptl} good morning all
[09:20] {Threei} so fra...
[09:20] {Threei} dp :)
[09:20] {ese} ddddddddpppppppppp!!!!!!!!!1
[09:20] {dptl} :)
[09:22] {jfjf64} mornin boys
[09:22] {Threei} keeping an eye on AIG
[09:22] {Threei} jf :)
[09:24] {ese} jf......
[09:24] {magoo} u thinking up or down today vad
[09:24] {nemo} available to short today
[09:24] {Threei} me? thinking??
[09:24] {Threei} thatnk you magoo, this is so flattering
[09:25] {nemo} stand up, it'll be easier if you take pressure off your brain
[09:29] {vinod} Expecting early bounce followed by reality
[09:30] {Threei} Long Setup: BACK .40 break
[09:31] {Threei} if stays above .35 for scalpers, .30 for day traders
[09:31] {Threei} BAC
[09:33] {magoo} AIG dam
[09:33] {Threei} AIG is still in a state of blissful vacation of reason
[09:35] {Threei} BAC 1:1
[09:36] {dino} pot blood again
[09:36] {Threei} over 1:2, I am out
[09:37] {cosmo} SNDK hod = 14.99
[09:37] {cosmo} fwiw
[09:37] {cosmo} testing...
[09:39] {cosmo} sigh
[09:39] {ese} in and out of fitb .81 to .88 +.07
[09:39] {nemo} How many little buggers?
[09:39] {ese} appologies didn't have time to post
[09:39] {dino} scanners all red
[09:39] {ese} 4k nemo
[09:40] {nemo} not a bad day's work
[09:40] {ese} nope i'll take it for sure
[09:40] {nemo} Is "you know who" speaking or somethin'?
[09:41] {Threei} Long Setup: RIMM .80 break half lot
[09:41] {Threei} if stays above .65
[09:42] {Threei} .70 even if sets up from here
[09:43] {Threei} that was easy
[09:43] {Threei} take scalp
[09:43] {magoo} oput .17 TY
[09:43] {nemo} took scalp ty
[09:43] {tomg} ty vad
[09:43] {Threei} hmmm... how do I slap two in one line
[09:43] {Threei} three
[09:44] {Threei} ok... no script for that, will have to work hard...
06[09:44] * Threei slaps magoo around a bit with a large roll of cash
06[09:44] * Threei slaps nemo around a bit with a large roll of cash
06[09:44] * Threei slaps tomg around a bit with a large roll of cash
[09:44] {nemo} smaller roll...only half lot
[09:45] {Threei} yeah but over 1:3 in a few seconds
[09:45] {Threei} PRGO
[09:45] {nemo} o.k.
[09:45] {Threei} PRGO Receives FDA Approval to Market Cherry and Cinnamon Flavored Nicotine Lozenges (26.91, 0.28, 1.05%)
06[09:45] * nemo slaps nemo around a bit with a large Vad
[09:46] {cosmo} do they have regular flavor?
[09:46] {johnnyj} its all about leverage nemo
[09:46] {magoo} u say rimm..i am in
[09:46] {tomg} me too
[09:46] {Threei} poetry on Monday morning...
[09:46] {nemo} what's about leverage JJ?
[09:46] {ese} opposite of friday market....dow up, comp/ndx dn...friday dow dn, comp/ndx up....hmmmmm
[09:47] {magoo} GS crushing
[09:47] {nemo} But they got an upgrade...this doesn't make sense...Oh my GAWD!!!
[09:47] {Threei} Short Setup: AIG .50 break half lot if stays under .70
[09:48] {Threei} invalidated
[09:50] {Threei} look our BAC exit
[09:50] {magoo} yea
[09:50] {magoo} rimm somewhere a bounce vader
[09:51] {Threei} needs one more leg down at leasdt
[09:51] {nemo} aig going
[09:51] {Threei} not a bouncer here
[09:51] {magoo} AIG just has a way of making me feel stupid
[09:51] {Threei} ummm...
[09:51] {nemo} Mags, don't stick your chin out like that
[09:51] {Threei} lord give me power not to comment
[09:52] {nemo} Give him a break Vad, it's Monday
[09:52] {Threei} .short rimm .40 break half lot
[09:52] {magoo} :) i missed u guys
[09:52] {Threei} if stays under .55
[09:53] {nemo} too fast
[09:53] {nemo} nice though
[09:53] {Threei} bounced right into trigger for second chance entry
[09:54] {Threei} 1:1
[09:54] {nemo} Qs dying
[09:54] {magoo} ugly q chart
[09:54] {Threei} 1:2
[09:55] {Threei} {Q} I want second opinion
[09:55] {nemo} on what?
[09:55] {Threei} [09:54] {magoo} ugly q chart
[09:55] {Threei} out RIMM
[09:55] {Threei} +.30
[09:55] {nemo} {nemo} Qs dying
[09:55] {ese} definetly ugly
[09:56] {ese} along with the comp
[09:56] {nemo} If you're short, it's beautiful
[09:56] {Threei} AIG is totally oblivious to everything, lol
[09:56] {Threei} to the market, to reality, to gravity
[09:56] {ese} can't see the reason for it though
[09:57] {Threei} Long Setup: RIMM .10 break half lot
[09:57] {Threei} stop is understood by default here
[09:59] {Threei} 1:1
[09:59] {jfjf64} nice
[10:00] {magoo} out .34 TY
[10:00] {jfjf64} today i buy new blackberry ty VAD
[10:00] {Threei} lol
[10:00] {ese} nice bounce play vad!
[10:00] {Threei} 4:4... I work way too hard for Monday...
[10:00] {Threei} gosh AIG
[10:00] {Threei} ascending triangle
[10:02] {Threei} I guess yesterday's shishkebab with patience, ese and dptl is inspiration
[10:02] {nemo}'s been 2 minutes, what have you done lately?
[10:02] {Threei} blabbed about yesterday's dinner?
[10:02] {nemo} hehehehe
[10:02] {Threei} :)
[10:03] {nemo} bastad...caught me with a mouth full of coffee
[10:03] {Threei} sorry
[10:03] {ese} not to mention the wine with vodka chaser
[10:03] {Threei} I owe you a new keyboard?
[10:03] {nemo} now you're lying
[10:03] {nemo} screen
[10:03] {Threei} ese a true hero... shot of straight vodka
[10:04] {nemo} I have to start drinking during the day, since drinking at night affects my sleep
[10:04] {Threei} even dptl was impressed and it takes inhaling whole bottle to impress him
[10:05] {nemo} RIMM higher low, DB?
[10:05] {nemo} aig pull back
[10:05] {Threei} confirmation level for RIMM is way too high... 40...
[10:06] {Threei} chart wise it's a right play but risk parameters are outside of my tolerance
[10:06] {Threei} this is nice pullback AIG
[10:06] {nemo} echo in here
[10:07] {Threei} you stated the fact of pullback... I gave it a qualifier
[10:07] {nemo} I know, couldn't help it, "asshole" gene
[10:07] {ese} it was good vodka i have to admit.....but the piece du resistance is your shiskabob vad.......unbelievable
[10:08] {Threei} ty
[10:09] {ese} thaqt should be the seminar you teach down at Freeport next January.......proper shiskabob prep and barbecue
[10:09] {Threei} lol
[10:10] {jfjf64} pol
[10:10] {nemo} what's "pol"?
[10:10] {ese} thats my question too
[10:10] {Threei} stock I'd guess
[10:10] {jfjf64} y
[10:11] {Threei} we trade some of those here, ya know
[10:11] {jfjf64} ty vad
[10:11] {Threei} no news that I see
[10:11] {Threei} noty sure why it's moving
[10:11] {ese} pol it is
[10:11] {jfjf64} or puke out loud
[10:11] {jfjf64} lol
[10:11] {nemo} that's what I was thinking
[10:12] {jfjf64} me too nemo
[10:12] {nemo} I already sol
[10:15] {dino} amag sm l .70 stop lod
[10:17] {Threei} NFLX Hearing takeover chatter circulating
[10:17] {Threei} - Amazon rumored as potential acquirer (40.62, 0.55, 1.37%) (related AMZN )
[10:23] {dino} amag stopped .46, -.24
[10:24] {nemo} I had lod at .42
[10:25] {dino} reverse slip
[10:25] {ese} L qqqq .74
[10:26] {dino} and i add, rinse
[10:27] {dino} pot sm l .50 risky
[10:28] {ese} out qqqq .81 +.07
[10:28] {magoo} AIG just has the feel vad
[10:31] {Threei} I agree
[10:31] {magoo} magoo faints
[10:31] {magoo} hits head buys 10k AIG long
[10:32] {ese} ok....well this is interesting......naz on it's way to being green
[10:32] {ese} early morning shakeout looks like.......
[10:34] {ese} look at the compx/ and the qqqq's
[10:37] {dino} out pot .20, +.70
[10:38] {ese} nice dino.....look at it take off
[10:38] {dino} ty, was laying out, tried to move it but too fast
[10:38] {ese} picture perfect setup.......3 X breaks resistance
[10:40] {ese} 3rd X
[10:40] {Threei} Long Setup: AIG .45 break if stays above .30
[10:40] {Threei} risky as hell
[10:40] {Threei} for adrenalin deprived only
[10:41] {magoo} u didnt say half lot
[10:42] {Threei} it formed range toght enough for a full lot
[10:42] {Threei} tight
[10:42] {Threei} risk is in its a bit random behaviour andf pssible slippage
[10:43] {dino} pwrd sm l .90
[10:43] {Threei} full lot on the other side gives more flexibility in partialling out and controlling risk if it work
[10:43] {magoo} in
[10:43] {Threei} so it kind of balances each other
[10:43] {Threei} half out
[10:43] {Threei} .62
[10:43] {ese} damn.....just missed it
[10:43] {magoo} out
[10:43] {magoo} .62 lol
[10:43] {Threei} stop to .35
[10:43] {magoo} fl
[10:44] {ese} had finger on the trigger too
[10:44] {magoo} out full
[10:44] {ese} nice one boys
[10:44] {Threei} that's 5 for 5 today
[10:44] {magoo} .62
[10:44] {Threei} can I go home?
[10:44] {magoo} was less thgan 30 secs i believe
[10:44] {magoo} no
[10:44] {magoo} lets have biggest day ever..c'mon
[10:44] {ese} wha...da...ya ....say vad.....shiskabob next sunday night too?
[10:45] {magoo} lrets make the month
[10:45] {magoo} lets
[10:56] {ese} L qqqq .02
[10:57] {ese} out qqqq .11 +.09
[11:04] {Threei} Short Setup: AIG .35 break if stays under .50
[11:09] {dino} out pwrd .25, +.35
[11:11] {vinod} in sds 59.09
[11:12] {ese} what was that about a summer rally you were talking about just before i got on the board this morning
[11:12] {Threei} every summer talking heads start talking about it as if it were given
[11:12] {vinod} summer rally is on vacation
[11:12] {Threei} this year no peep
[11:13] {ese} hmmmmmm......would be nice if today was the start of it and it took alot of them by surprise
[11:13] {nemo} aig still on the menu?
[11:14] {Threei} depends on how omnivorous you are
[11:15] {nemo} I'm a "fruitarian"
[11:15] {Threei} AIG is a meaty dish
[11:15] {nemo} it just kissed .50
[11:16] {dino} nice sds vin
[11:17] {vinod} out sds 59.26
[11:18] {dino} gj
[11:21] {Threei} no go AIG
[11:24] {jfjf64} ms monster
[11:30] {ese} L qqqq .15
[11:32] {ese} out qqqq .22 +.07
[11:34] {Threei} CIT Moody's lowers ratings four notches to B3; lowest level of junk status (1.20, -0.33, -21.57%)
[11:36] {dino} psmt l .24
[11:37] {ese} intc going nuts
[11:38] {patience} a nice bounce for you ese
[11:38] {ese} yup
[11:38] {ese} we'll see what happens to it tomorow
[11:39] {jfjf64} cof l .71
[11:39] {ese} earnings release is after close.....and i don't want to be there for that
[11:39] {nemo} AIG getting weak
[11:39] {patience} you have your sell order in yet?
[11:40] {jfjf64} no go
[11:40] {ese} also patience it had a huge amount of calls purchased on it last week.....record for one day apparently....i'm assuning thats bullish and i may make some money anyway
[11:41] {patience} guess it depends if you're going to dump it before tomorrow or hold for a longer swing
[11:42] {ese} ya for sure.....
[11:43] {patience} ese, did vad send home leftover shish kabob with you?
[11:44] {ese} no.....wish i had thought to ask for some......he's still got some if you want to go and get it
[11:44] {jfjf64} fitb gonna run
[11:45] {ese} looks like it......missed it...was watching intc
[11:48] {ese} when johnny comes marching home again hurah....hurah!!! when johnny comes................
[11:49] {jfjf64} hurah hurah when johnny hurah
[11:49] {ese} sorry ....that was definetly vodka side effects
[11:49] {ese} don't know what came over me
[11:49] {jfjf64} im gonna buy johnny j a black berry hurrah thanks to vad hurahhhhhhhhhhhhhh
[11:52] {jfjf64} ms monster
[11:55] {jfjf64} guess who on TV
[11:58] {dino} the killer of capitalism
[11:59] {jfjf64} disgrace
[12:00] {johnnyj} when broker asked for margin call and trader couldn't cover - they said forget it
[12:00] {johnnyj} obama land
[12:01] {Threei} LMT Senator McCain: Reportedly believes the White House will veto defense spending bill if Congress does not terminate F-22 program (79.50, 1.59, 2.04%)
Session Close: Mon Jul 13 12:10:46 2009

Session Start: Mon Jul 13 12:10:46 2009
Session Ident: #discussions
02[12:10] * Disconnected
02[12:12] * Attempting to rejoin channel #discussions
03[12:12] * Rejoined channel #discussions
[12:13] {jfjf64} vad hvin martini with his eggs 5/5 so far
[12:13] {ese} whos this threei guy?
[12:14] {Threei} 5/6 jf
[12:14] {dino} fictional character
[12:14] {Threei} AIG short while right idea preferred to shake out first
[12:22] {jfjf64} jpm not pullin back like all otherr finnies
[12:23] {dino} psmt stopped
[12:26] {magoo} see if i can knock vad out room again
[12:26] {dino} ady sm l .85
[12:26] {magoo} vad, we in anything here?
[12:27] {Threei} no
[12:52] {vinod} taking a nap reason is i was not here?
[12:52] {vinod} If it wasn't M Whitney's GS upgrade the whole market would be down.
[12:52] {magoo} she upgraded her g-string:)
[12:58] {magoo} c'mon..that was funny
[13:00] {vinod} yes, it was. I am having hard time concentrating here and answering a phone callit .
[13:02] {vinod} Just for pure gamble. i am buying qqq july 35 put for 0.30. i should not post it but did
[13:09] {Threei} AIG... sheesh
[13:09] {BillyD} hard to tell the resal move on it
[13:09] {BillyD} real
[13:16] {Threei} LMT US President Obama: Lockheed F-22s are not needed (79.78, 1.87, 2.40%)
[13:18] {dptl} done for today...see ya tomorrow all,have a good evening
[13:18] {Threei} take care dp
[13:19] {dino} cya dp
[13:20] {vinod} have a fun see tou tomorrow
[13:22] {BillyD} any feel for AIG Vad or just noise
[13:23] {Threei} can't tell really
[13:24] {nemo} mags look
06[13:24] * magoo slaps laserdave around a bit with a large trout
[13:25] {magoo} ty
[13:26] {nemo} yw
[13:31] {johnnyj} Threei Receives FDA Approval to Market Cherry and Cinnamon Flavored Trout
[13:31] {nemo} disgusting
[13:31] {Threei} sigh
[13:37] {_johnk3} Has this day so far been average (wrt to your trading), above or below?
[13:37] {KSystems} what symbol, johnny?
[13:37] {KSystems} want to short that one
[13:37] {magoo} for summer, today a lil better than average
[13:38] {magoo} 5 for 5 i believe
[13:38] {_johnk3} thx
[13:41] {johnnyj} KSystems, it trades under symbol AIG... market loves the concept
[13:42] {johnnyj} ever been hit with a salmon? I have
06[13:44] * magoo slaps _johnk3 around a bit with a large trout
[13:51] {johnnyj} optionn traders have given RIMM a powerful laxative
[14:00] {Threei} *JUNE MONTHLY BUDGET STATEMENT: -$94.3B V -$97BE
06[14:17] * nemo slaps larisa around a bit with a large trout
[14:17] {larisa} real gmn :)
[14:17] {nemo} hehe
[14:20] {nemo} wow even aig is trading slower than molasses
[14:22] {Threei} look at the market from 11:45 roughly
[14:23] {nemo} 3 points on the S&P
[14:23] {nemo} 6 on NAS
[14:24] {ese} i'm back.....
[14:24] {nemo} funny those ranges make me think of micr-scalps and look who shows up
[14:24] {nemo} micro
06[14:25] * nemo slaps ese around a bit with a large Zildjian Gong
[14:27] {ese} weirdly enough i was talking to someone about cymbals....and gear were going to be taking to Denmark in August.....
[14:27] {nemo} Yeah, weird for a drummer to talk about cymbals
[14:27] {nemo} dcc ese
[14:29] {_johnk3} do you guys usually trade mostly in the morning?
[14:29] {Threei} depends on the market activity
[14:29] {_johnk3} OK makes sense
[14:29] {Threei} morning was active,
[14:29] {Threei} then market flatlined
[14:29] {Threei} so did our brain activity
[14:30] {Threei} providing it ever was any different
[14:30] {_johnk3} thx
[14:30] {ese} whaaaaaaaaa
[14:30] {ese} oh ...ahem....yes....very slack this afternoon
[14:31] {magoo} vad, THE question
[14:31] {Threei} sideline...
[14:31] {magoo} no..r or r
[14:31] {nemo} You gonna' bitch Magoo?
[14:31] {magoo} i think r
[14:31] {Threei} me on sideline 'cause me thinks market sideways
[14:32] {nemo} fits your personality
[14:33] {nemo} bonds taking a beating
[14:35] {dino} ady lod
[14:35] {nemo} got quite a volume spike a couple of minutes ago
[14:36] {dino} yeah saw that
[14:46] {nemo} guess that was the bottom Dino
[14:47] {dino} looks like it, wanted low 19s
[14:48] {nemo} this last touch of 20, was DB from 10:05
[14:53] {nemo} RIMM right at bottom of box range since 11:30
[15:20] {jfjf64} vad aig vol picken up anythin there
[15:20] {ese} right then!!!!! signing off for the day.....sees yous allsa tamara
[15:21] {jfjf64} later es
[15:21] {ese} jf.....later
[15:21] {Threei} take care ese
[15:21] {Threei} can't tell jf
[15:21] {Threei} can go easy any way
[15:22] {Threei} or either
[15:22] {jfjf64} yes hv to learn that
[15:24] {dino} cya es
[15:33] {dino} ady sm l .25
[15:41] {magoo} who the good reports tonite?
[15:42] {Threei} NVLS
[15:42] {Threei} nothing more
[15:42] {Threei} well... CSX
[15:44] {Threei} CIT White House's Romer: Declines comment on whether CIT fits within the 'too big to fail' category (1.40, -0.13, -8.50%)
[15:48] {dino} depends on if cit donated to campaign, they are checking now
[15:49] {johnnyj} 4000 shares under campaign donation limits
[15:59] {magoo} amazing how shitty rIMM did with amzn aapl up big
[15:59] {patience} a happy day +1.00 in teck (
[16:00] {dino} out ady .00 -.25
[16:01] {larisa} later :)
[16:04] {johnnyj} particularly after the rinse a few days ago
[16:05] {johnnyj} RIMM
[16:12] {magoo} reports out yet
[16:12] {Threei} Dell Inc Sees Demand Stabilization, Expects Slight Sequential Revenue Growth with Modest Margin Pressure in Q2
[16:12] {Threei} - note: on 5/28, reported Q1 R$12.3B. Q2 consensus estimate is $12.5Be.
[16:12] {Threei} - Anticipates a modest decline in Q2 gross margins, the result of higher component costs, a competitive pricing environment, and an unfavorable mix of product and business-segment demand.
[16:13] {Threei} TTWO halt
[16:13] {Threei} cuts guidance
[16:13] {Threei} Auto Task Force's Rattner to return to private sector; Ron Bloom to assume leadership of Task Force
[16:13] {Threei} - Treasury's Geithner noted that these actions are occurring due to the Govt transition away from day to day restructuring of industry towards monitoring
[16:13] {Threei} okay... let them
[16:13] {Threei} see you tomorrow guys

Friday, July 10, 2009

Jul 10 2009

Unexpectedly good day - mostly thanks to AIG which we played both long and short for nice juicy moves. Even such piece of you know what must be good for something sometimes.

Session Time: Fri Jul 10 00:00:01 2009

[07:59] {vinod} good morning
[08:36] {Threei} Good morning
[08:36] {Threei} DRYS Shares raised to Hold from Sell at Cantor Fitzgerald, price target $6 (5.26, 0.00, 0.00%)
[08:37] {Threei} BLTXX Baltic Dry Bulk Index -1.1%, 8th straight decline
[08:37] {Threei} US) President Obama: Would be 'premature' to wind down stimulus programs; recovery still 'a way off'
[08:37] {Threei} - Significant measures agreed at G8 summit but did not agree on every issue
[08:38] {Threei} *(US) MAY TRADE BALANCE: -$26B V -$30.0BE
[08:47] {Threei} (CA) Canadian PM Harper: New reserve currency is not 'highest priority'
[08:48] {nemo} "he said" "she said" this is getting boring
[08:48] {Threei} , USD will always be important for Canada
[08:48] {nemo} 51st state :)
[08:49] {Threei} USA-lite
[08:50] {nemo} A lot less people, which I really like. As the little Austrian once said, "The more I get to know people, the more I like my dog."
[09:00] {BillyD} gm all
[09:00] {Threei} RU) Russian President Medvedev: It would be simpler for Russia to join the WTO "on its own"; hopes the US will alter its missile shield plans, reiterates threat to station missiles in Kaliningrad
[09:00] {Threei} - Note that on 7/7, Medvedev said Russia still plans to join WTO. In early June, Russia threw its 16-year bid to join the World Trade Organization (WTO) into jeopardy when PM Vladimir Putin said Moscow would only join the trade body in partnership with two former Soviet republics
[09:00] {Threei} Billy :)
[09:08] {Threei} General Motors Corp CEO: we are required to pay off the govt loans by 2015, but our goal is to repay them much sooner
[09:08] {Threei} - GM has issued a press release as its press conference begins, announcing the "New GM," which is 61% owned by the govt.
[09:08] {Threei} why do I have this feeling that "new GM" will be, what was the name of that old movie...
[09:09] {Threei} The Incredible shrinking woman, or something like that
[09:14] {cosmo} the attack of the 50 ft woman ...i think
[09:15] {magoo} kninrom
[09:16] {Threei} cosmo, mags :)
[09:16] {cosmo} 3i:)
[09:17] {ese} good morning.....back at home with a cold...wouldn't ya know it
[09:17] {Threei} lol ese
[09:18] {jfjf64} mornin
[09:18] {vinod} ese--yes it been cold here last few days?
[09:19] {Threei} jf :)
[09:19] {vinod} my DRYS yesterday stop out at 5.25
[09:21] {Threei} yeah, it had news right after close
[09:21] {ese} and my overnight FITB is doing no better
[09:21] {Threei} lol, my overnight YRCW is flat
[09:21] {_kenyee} good morning all
[09:22] {Threei} kenyee :)
[09:22] {magoo} i cut drys yester at .37..-.01
[09:23] {magoo} wondering when AIG squeezes
[09:23] {magoo} 23 to 9 in 4 days
[09:23] {Threei} should be good for couple points when it gets to it
[09:24] {Threei} the problem I think is:
[09:24] {dino} gm all
[09:24] {Threei} it's not so much ashorting as it it plain simple selling
[09:24] {Threei} dino :)
[09:25] {_kenyee} anyone use market profile in their trading?
[09:29] {magoo} not i
[09:29] {magoo} agree vad
[09:30] {ese} mornin dino
[09:31] {magoo} vad, if u could find AIG reverse split i said it would see 7
[09:32] {Threei} not urgent I hope?
[09:32] {vinod} short RIMM?
[09:32] {nemo} it's important for his ego, Vad
[09:32] {magoo} no..just saying..nver thought this quick
[09:33] {Threei} not into buying vinod
[09:33] {Threei} that's not how you short
[09:33] {ese} everthiings turning green
[09:33] {nemo} glad you didn't short rimm vino?
[09:33] {dptl} good morning all
[09:33] {Threei} dp :)
[09:34] {Threei} Short Setup: CAT .10 if stays under .25
[09:35] {ese} morning dp
[09:36] {vinod} ty-vad and meno for rimm
[09:36] {nemo} who is meno?
[09:37] {Threei} invalidated
[09:38] {vinod} nemo-now i got my fingure fat like boss
[09:38] {nemo} lol
[09:39] {nemo} I thought that was a phonetic freudian slip on your opinion of my demeanor
[09:39] {Threei} Short Setup: AMZN .50 break half lot
[09:39] {Threei} if stays below .70
[09:41] {Threei} 1:1
[09:41] {nemo} computer locks up at .65 and comes back at .45
[09:41] {ese} down to cover some gaps here then away we go....??????hmmmm
[09:42] {vinod} missed
06[09:43] * magoo slaps vinod around a bit with a large trout
[09:43] {magoo} wake up
[09:43] {magoo} few and far nbetween today
[09:44] {vinod} since I missed amzn going to be at 76
[09:45] {Threei} covering in full
[09:45] {Threei} +.30
[09:47] {ese} have i missed some news tech wise.....compx and ndx taking off a little
[09:47] {dino} edu's up today
[09:47] {Threei} Short Setup: RIMM .70 break
[09:47] {dino} esi, apol
[09:47] {Threei} if stays below .85
[09:47] {dino} es gs upgrades some tech
[09:47] {Threei} a bit aggressive entry
[09:48] {dino} ice retest wed low
[09:48] {Threei} but .60 which is better trigger is too far from resistance
[09:48] {ese} tks dino
[09:49] {dino} np
[09:49] {Threei} no go
[09:50] {ese} look at tick and trin.....tick +725 trin +2.78 weird
[09:52] {dino} wynn sm l .00, stop .66
[09:53] {ese} if the trin goes red.....this day could take off but when it's green? much underlying selling
[09:55] {nemo} contrarian bullish
[09:55] {dino} wynn stopped -.34
[09:56] {ese} how do they calculate the expected? Go to the bar....have a drink ...see how everyone is feeling?
[09:57] {dino} pretty much
[09:58] {Threei} Long Setup: RIMM .10 break
[09:58] {Threei} stop under .90
[09:58] {nemo} too fast
[09:59] {BillyD} my L2 froze LOL
[10:00] {nemo} dino, had capitulation volume in wynn and bounce might have bottomed
[10:01] {Threei} market weakens
[10:01] {nemo} another big volume spike, see if it holds .60
[10:02] {dino} going lower needs mkt help
[10:03] {nemo} closed above support
[10:03] {dino} hmmm holds
[10:03] {Threei} scratching RIMM
[10:03] {nemo} inside the BB too
[10:03] {dino} watching ice, rtp
[10:03] {Threei} CAT setup is back
[10:03] {Threei} .10 short if stays under .25
[10:03] {BillyD} I am watching CAT here
[10:04] {nemo} .10 is s2 for cat off the pivot
[10:05] {nemo} dino, wynn :)
[10:05] {nemo} had a vad spike
[10:05] {dino} you in wynn nemo?
[10:05] {nemo} no, I was waiting for you to take point :)
[10:06] {dino} lol
[10:07] {Threei} CAT invalidated again
[10:07] {magoo} took rimm cross 67
[10:07] {Threei} long?
[10:07] {magoo} ya
[10:07] {nemo} cats, they're all the same
[10:09] {magoo} not luvin it
[10:09] {dino} smr l ice .75 careful pulp
[10:10] {ese} well it looked like a promising day there for a bit......
[10:11] {dino} ice=pulp lay out imo
[10:12] {Threei} AIG... dive to .80 - .90 zone for long
[10:13] {ese} i'm with ya there dino
[10:13] {dino} laying at 84.75
[10:13] {dino} too high
[10:13] {Threei} here goes your RIMM mags
[10:13] {dino} lost its' mojo
[10:14] {dino} nemo was right on wynn, my stop too tight
[10:15] {magoo} yea ty alert was elsewhere
[10:15] {magoo} out .34
[10:16] {dino} ice stopped -.26
[10:17] {nemo} actually, when you went in at .00 after the big drop there had been no capitulation volume prior-so I didn't think that was a bottom, when I saw that capitulation volume on the long red, I was then looking for the bottom and a retest
[10:18] {dino} good call
[10:18] {nemo} broken clock
[10:18] {Threei} SQNM?
[10:18] {Threei} no news that I see
[10:21] {dino} cit crush going on
[10:22] {dino} now ice goes, two rinses already
[10:22] {dino} been that way all week
[10:25] {magoo} cant believe i missed AIG in the 8 area
[10:28] {ese} she be takin off today man......
[10:29] {ese} short covering imo mags.....there will be another opportunity here me thinks
[10:29] {magoo} its avail short today
[10:32] {Threei} so far no indications of short setup
[10:32] {Threei} each pullback is well supported
[10:33] {BillyD} maybe the new shorts are proelling up the old
[10:33] {BillyD} propeslling
[10:33] {BillyD} sheesh...propelling
[10:33] {Threei} third try should be it
[10:33] {Threei} there :)
[10:33] {BillyD} ty...was struggling
[10:34] {ese} new internet language billy.....i liked it
[10:34] {fernp} a bit late. good morning
[10:34] {Threei} fern :)
[10:36] {ese} scour de zhup dup ...vlap da fling flang..ich du be nin........
[10:36] {Threei} sheesh
[10:37] {Threei} AIG intends to make those 2 points today?
[10:37] {Threei} [09:23] {Threei} should be good for couple points when it gets to it
[10:38] {magoo} excuse right before that
[10:38] {magoo} the squeeze
[10:41] {Threei} time to start thinking short on AIG
[10:41] {Threei} 10 break first try
[10:42] {Threei} that was fast...
[10:42] {nemo} thought you can't short
06[10:42] * magoo slaps nemo around a bit with a large trout
[10:42] {Threei} [10:29] {magoo} its avail short today
[10:42] {nemo} wow
[10:43] {Threei} I don't think anyone had time for entry
[10:44] {Threei} what a tank
[10:44] {magoo} yea..and too high to play bounce
[10:45] {magoo} could see 8 area
[10:45] {BillyD} it seems like confirmation on pivot entries a little tough in general lately.....people seem to be anticipating more
[10:46] {Threei} bounce closer to 10 if happens is a short entry
[10:47] {Threei} happens too fast for exact call
[10:47] {Threei} generally anywhere between 9.90 and 10
[10:50] {BillyD} what would be stop 10.12 area
[10:50] {nemo}
[10:50] {nemo} ice short?
[10:50] {BillyD} or .15 area
[10:50] {Threei} depends on setup
[10:51] {Threei} OK, next spike is it
[10:51] {Threei} in
[10:51] {Threei} .15 stop
[10:51] {Threei} can take a few tries
[10:52] {dino} psmt
[10:53] {Threei} 1:1
[10:53] {Threei} covering half
[10:54] {Threei} stop to above .10
[10:54] {Threei} scalpers know what to do
[10:54] {fernp} nice call Vad. ty
[10:54] {Threei} :)
[10:55] {Threei} ideally, AIG stays under 10 this time and loses .80
[10:55] {Threei} then we would trail stop to above 10 and let it trade
[10:55] {Threei} that would scenario for serious dump
[10:57] {Threei} so far so good... come on you slimy no-good reverse-split piece of financial crap
[10:58] {jfjf64} easy vad easy
[10:58] {Threei} lol
[10:58] {nemo} stop mincing words vad, tell us how you really feel
[10:58] {Threei} wanna know how I really feel?
[10:58] {Threei} hehe
[10:58] {nemo} NO
[10:58] {Threei} volume dris up... but too close to 10
[10:59] {Threei} no idea what happens next
[10:59] {Threei} in a perfect world stop should have been trailed to above 10 here
[11:00] {nemo} wynn testeed support again dino
[11:00] {Threei} kind of personal decision
[11:00] {Threei} I prefer to trail it after loss of .80
[11:00] {Threei} there
[11:01] {Threei} trailed
[11:01] {Threei} 1/4 cover closer to .60 is next idea
[11:01] {BillyD} gj vad
[11:01] {Threei} then trailing stop for the last portion, don't know the levekl yet, and letting it trade
[11:02] {jfjf64} sounds lk plan
[11:02] {Threei} if it goes above 10 and stops us out, I take vacation till after labor day
[11:05] {ese} l sbux .5
[11:06] {Threei} Us Treasury Geithner: No need to ban customized derivatives
[11:06] {ese} .55
[11:06] {Threei} I wonder... can Geithner'sd testimony devoted to derivatives influence AIG trading?
[11:06] {Threei} this is something that can interfere with out short
[11:07] {nemo} maybe that's why it bounced this morning in the first place?
[11:08] {Threei} that's what I start thinking... combined with normal bounce expected after such drop...
[11:08] {Threei} I violate my own rule - see the topic for #discussions
[11:08] {nemo} there's no way this pos should be worth least that's what the stories have been saying the last few days
[11:09] {nemo} and if the stories are saying that...
[11:09] {Threei} this pos isn't... but when did it prevent stock from rising
[11:09] {nemo} to your point about Geithner
[11:09] {Threei} OK, no more thinking
[11:09] {Threei} stop is in place
[11:10] {nemo} Last few days you've been hearing about the common value is even said that, been all over the news
[11:10] {nemo} Now Geithner comes on to talk about derivatives/aig
[11:10] {nemo} possibly a bohica moment
[11:11] {ese} out sbux .52 -.03
[11:11] {ese} not waiting around works right away or it doesn't
[11:13] {Threei} virus of instant gratification infects ese
[11:13] {BillyD} microwave ese
[11:14] {Threei} AIG is discussed on CNN
[11:14] {Threei} company is to pay more big bonuses
[11:15] {BillyD} so it goes up....hmmm
[11:15] {ese} i struggle in markets where i can't decern a clear direction......ala today
[11:16] {patience} have a great weekend guys....i'm back to 100% cash...good correction coming. But i'm always saying that :)
[11:16] {ese} half my main screen is green half is red ...tick was green and so was trin.....werid underlying selling....who knows
[11:17] {ese} cya patience
[11:18] {ese} my hats off to those of you who can find something to make money in......
[11:21] {johnnyj} dino, any WYNN thoughts?
[11:23] {BillyD} cya at labor day vad
[11:24] {Threei} lol
[11:25] {dino} john need a whoosh down imo
[11:25] {dino} psmt interesting
[11:26] {dino} met in 25s might be worth hit
[11:26] {dino} ice lod
[11:28] {dino} sybt drop, thin
[11:29] {dino} 8087, 1394, 869 wed lows
[11:29] {Threei} AIG rises againat the market
[11:29] {Threei} and makes new highs
[11:29] {Threei} let's just buy it and let it run?
[11:29] {dino} remember gaps below too, 8016, 1361, 855
[11:30] {BillyD} then it will go down vad
[11:30] {Threei} oh
[11:30] {Threei} lol
[11:30] {BillyD} it takes strong resolve in a market like this, especially with all the spikes, etc
[11:31] {dino} fwiw we are at end april levels
[11:32] {Threei} Long Setup: AIG .16 if stays above .10
[11:33] {Threei} too fast again?
[11:33] {magoo} in
[11:33] {BillyD} yes
[11:33] {BillyD} for me at least
[11:33] {Threei} half out mags
[11:34] {magoo} k
[11:35] {Threei} offer 1.4 more above .40
[11:35] {Threei} 1/4
[11:36] {magoo} out .35 TY 2k
[11:36] {Threei} :)
[11:37] {BillyD} gj magoo
[11:38] {dino} gj
[11:38] {fernp} Have to go. nice weekend to all. see you on monday
[11:38] {Threei} take care fern, have a great weekend
[11:38] {ese} cya fern
[11:40] {vinod} 09:44 vinod since I missed amzn going to be at 76
[11:41] {magoo} yea..remember
[11:41] {vinod} I have shorted 200 at 78.10
[11:41] {magoo} vad..another setup AIG long or short u see?
[11:42] {Threei} 50/50 mags
[11:42] {Threei} still holding vinod?
[11:42] {Threei} I would be out
[11:42] {Threei} market seems to be preparing bounce
[11:42] {vinod} yes, still holding i was on meeting
[11:43] {vinod} offered at 76.60
[11:44] {vinod} this is the only trade i did oday
[11:44] {Threei} good one too
[11:44] {vinod} ty-vad
[11:48] {BillyD} nice one vinod
[11:48] {dino} ande
[11:51] {Threei} timely cover IMO, vinod
[11:51] {dino} darn wynn
[11:54] {dino} sgr sm l .50
[11:55] {Threei} 1/4 more out AIG
[11:55] {Threei} sheesh, things take patience today
[11:56] {Threei} stop for the last piece is still there, under .10
[11:56] {Threei} not trailing it in this case, mostly because it was negligible to begin with
[12:06] {magoo} drat..exited AIG .41
[12:08] {Threei} offering .65
[12:08] {Threei} last piece
[12:08] {Threei} could still be too soon
[12:08] {Threei} but I lose ability to keep eyelids open
[12:09] {Threei} out
[12:09] {Threei} wheeeew
[12:09] {Threei} bet trade of the day
[12:09] {Threei} best
[12:10] {Threei} not accidenatally, most against the common sense one
[12:15] {dino} ande sm l .20jpm sm l .65
[12:16] {dino} ande filled while down hall
[12:17] {dino} apol sm off of .50 l
[12:37] {dino} out .65 ande +.45
[12:39] {Threei} AIG... lol
[12:39] {BillyD} went from .98 to .08
[12:40] {Threei} gutsy
[12:40] {jfjf64} didnt ya say we sd go long att hold it earlier
[12:40] {ese} am back on the other side........
[12:40] {Threei} I did... both say it and did it
[12:41] {Threei} you missed the trade??
[12:41] {jfjf64} no sold it
[12:41] {jfjf64} wish still hd piece
[12:41] {Threei} well... gotta sell somewhere...
[12:42] {jfjf64} yup
[12:43] {magoo} squeeze is ON
[12:43] {jfjf64} jpm l .66 it get s it this tm
[12:43] {magoo} AIG
[12:46] {magoo} AIG gonna go nuts
[12:46] {magoo} get opn a read vad
[12:47] {jfjf64} see what bonus do foe emplyes
[12:50] {dino} lol
[12:51] {Threei} Three Democrats and 14 Republicans wrote letter to Obama asking for probe of Fed's actions in BoA-Merrill Lynch merger deal - WSJ
[12:51] {Threei} - the bipartisan group asks that the Fed not be granted any new authority while questions about the Fed's role in the Boa-Merrill deal remain.
[12:51] {Threei} - reminder: Fed's Bernanke testified on the issue last month and seemed to largely refute and deflect the accusations of the Congressmen on the panel.
[12:51] {dino} and the shredders have been running since
[12:51] {Threei} lol
[12:53] {Threei} Treasury Sec Geitherner: Now is not the time to settle the future of the GSEs
[12:53] {Threei} Reiterates that a strong USD is in the interest of the US
[12:53] {Threei} sigh
[13:03] {Threei} Short Setup: AIG .40
[13:03] {Threei} if stays under .55
[13:04] {Threei} better yet
[13:04] {Threei} .45
[13:04] {Threei} short trigger
[13:05] {magoo} better yet ,50 long lol
[13:05] {jfjf64} comon
[13:07] {jfjf64} doesnt tk too much to confuse me
[13:07] {Threei} lol
[13:07] {Threei} short invaliadetd fo r now
[13:07] {Threei} long - I can't make this call
[13:07] {Threei} if you like it, you are on your own mags
[13:09] {jfjf64} lks lk trap to me
[13:18] {Threei} ok... trying
[13:18] {Threei} short half lot
[13:18] {Threei} stop above .70
[13:18] {Threei} will add half lot lower if find good spot
[13:19] {Threei} got .58
[13:21] {Threei} .46 to add second half
[13:21] {Threei} added
[13:21] {Threei} stop to above .60
[13:22] {BillyD} covered for scalp thx
[13:22] {Threei} :)
[13:23] {BillyD} if breaks .40 should drop good
[13:25] {Threei} covering half
[13:25] {Threei} .30
[13:25] {Threei} +.21
[13:26] {BillyD} nice one
06[13:26] * Threei slaps magoo around a bit with a large roll of cash
06[13:26] * Threei slaps jfjf64 around a bit with a large roll of cash
[13:29] {Threei} stop to .55
[13:30] {Threei} Treasury and SEC: SEC could forbid compensation that aims investors to inappropriate products
[13:31] {Threei} huh?
[13:31] {Threei} covering 1/4 more
[13:31] {Threei} .17
[13:31] {Threei} +.34
[13:33] {Threei} stop to above .40
[13:33] {Threei} suddenly shaopes up as a good day
[13:34] {Threei} who would have expected on Friday
[13:34] {BillyD} true
[13:34] {Threei}
[13:41] {BillyD} charts stopped here
[13:41] {Threei} ok here
[13:41] {BillyD} been having that problem and L2 stopping as well lately
[13:42] {Threei} strange
[13:42] {Threei} no interruptions here
[13:42] {BillyD} yeah, T&S works
[13:42] {Threei} ould be yor connection or computer?
[13:42] {BillyD} PC has been overhauled
[13:43] {magoo} read aig vad
[13:43] {Threei} trying to understand whether it's worth another short
[13:43] {magoo} i thought long
[13:44] {magoo} seems loke momo
[13:44] {Threei} [13:07] {Threei} long - I can't make this call
[13:44] {Threei} [13:07] {Threei} if you like it, you are on your own mags
[13:45] {magoo} on pllbks
[13:45] {Threei} only on a very very deep one
[13:45] {magoo} afraid to go it alone lol
[13:45] {Threei} I mean, like $1 deep
[13:45] {Threei} or more
[13:46] {Threei} you traded my short?
[13:46] {magoo} ya ya
[13:47] {Threei} okay... then I am still on speaking terms with ya
[13:47] {magoo} for now
[13:47] {Threei} nothing's forever on this planet
06[13:48] * Threei slaps nemo around a bit with a large roll of cash
[13:48] {nemo} or in the Universe :)
[13:48] {Threei} elaboration:
06[13:48] * Threei slaps nemo around a bit with a large roll of cash nemo missed
[13:48] {nemo} did you turn that short around
[13:49] {Threei} since you went away we played it both long and short
[13:49] {Threei} both very nice
[13:49] {nemo} you take that $2 run out of aig?
[14:01] {Threei} funny... look at NOIZ
[14:02] {Threei} had news a minute ago so I looked
[14:02] {Threei} zero volume
[14:02] {Threei} if three of us decided to buy 100- shasres each, we would have sent it to 5 lol
[14:02] {Threei} 1000
[14:19] {dptl} have a good weekend all
[14:20] {nemo} so, does the ppt push the market above an 880 close on the S&P?:)
[14:22] {dino} cya dp
[14:22] {Threei} take care dp
[14:26] {dino} good question nemo
[14:31] {nemo} mmmmhhhh....friday afternoon in July?
[14:32] {nemo} no volume..surprise...and now GS got caught with their hands in the algo-manipulation cookie jar.
[14:33] {nemo}
[14:47] {magoo} i anything vad?
[14:47] {nemo} coma
[14:47] {nemo} frickin aig
[14:48] {Threei} that's 4 bucks
[14:48] {Threei} and I called just 2
[14:48] {nemo} How could you be that wrong...
[14:48] {magoo} gonna be 5 bux ..13
06[14:48] * nemo slaps nemo around a bit with a large trout
[14:49] {nemo} say "thank you" Vad
[14:49] {Threei} thank you Vad?
[14:49] {Threei} it doesn't make sense for me to say it
[14:50] {nemo} sure it does...I busted your chops unfairly, and then whacked myself for it
[14:50] {Threei} no I mean, why would I thank myself?
[14:51] {nemo} I put "thank you" in quotes, as in you say it to me....what, am I talkin' to Magoo?
[14:51] {Threei} you assume I can read and know what quotes are and what they mean...
[14:52] {vinod} aig--all short decided to cover today?
[14:52] {nemo} see what happened to pot?
[14:53] {nemo} shhhhhhhh....Larisa's here
[14:53] {vinod} POT is smokig weeds
[14:53] {nemo} knew someone had to bite
[14:53] {larisa} hi guys :)
[14:54] {magoo} hey:)
[14:54] {Threei} larisa :)
[14:55] {larisa} enjoying the market ?
[14:55] {Threei} actually today we do
[14:55] {Threei} thanks to AIG mostly
[14:56] {larisa} yes, nice bounce
[14:57] {larisa} scalped it around 8.50 :) you got a lot from it ?
[14:58] {Threei} 2 shorts, one long
[14:58] {Threei} all more than scalp
[14:58] {larisa} nice
[15:05] {BillyD} AIG will not give a place of entry
[15:16] {Threei} well it did... did you take it?? :)
[15:17] {BillyD} got distracted with phone
[15:18] {BillyD} what did you see?
[15:18] {Threei} off 12
[15:18] {nemo} voume spike and holding support for 4 minutes
[15:18] {nemo} volume
[15:19] {nemo} might be a short coming up
[15:21] {Threei} 12 break?
[15:22] {nemo} held support again, what short...yeah
[15:22] {nemo} getting into that strange time of day though
[15:23] {nemo} what S&P at?
[15:23] {Threei} 874
[15:23] {nemo} mmmhhhhh
[15:24] {nemo} no man's land
[15:24] {nemo} oy
[15:24] {nemo} missed pot dbi
[15:30] {nemo} tempting
[15:30] {ese} am i still online
[15:30] {nemo} no
[15:31] {ese} funny
[15:31] {dino} no
[15:31] {nemo} wohoa
[15:31] {nemo} you take it Vad?
[15:32] {larisa} nice nemo
[15:32] {Threei} still in
[15:32] {nemo} nice call, but no cajones
[15:32] {nemo} your welcome
06[15:32] * nemo slaps nemo around a bit with a large trout
[15:32] {Threei} covering half
[15:37] {Threei} out in full
[15:37] {Threei} +.30
[15:37] {ese} vad dcc please
[15:38] {dino} amagsm l .00
[15:40] {dino} syno
[15:46] {dino} ppt
[15:46] {Threei} CFTC: Large speculators cut net long positions 62% in current week (related USO )
[15:46] {nemo} gotta' love it
[15:47] {nemo} drop
[15:47] {Threei} kill large speculators
[15:47] {ese} now thats one i haven't heard of PPT
[15:49] {nemo} ya' believe this
[15:49] {ese} this market coming back to even for a reason or what?
[15:50] {dino} sgr out .83, +.33
[15:50] {nemo} yeah...tape painting
[15:51] {dino} 880 200 dma; nemo had it right
[15:51] {nemo} 9 minutes left
[15:52] {nemo} but above 875 is still in the ball park
[15:59] {dino} out amag +.18 out jpm -.30
[15:59] {BillyD} take care everyone
[16:00] {larisa} bye :)
[16:00] {BillyD} long time no see Larisa :)
[16:00] {Threei} thank you all
[16:00] {larisa} hi Billy, have a great weekend!
[16:00] {Threei} have a great weekend
[16:00] {Threei} see you on Monday
[16:01] {ese} have a great weekend all
[16:01] {BillyD} u 2!
[16:01] {dino} hey larisa
[16:01] {larisa} hi dino! go home! :)
[16:01] {dino} well, i for one am glad tis week is over, perhaps ewarnings will get us out of these tight range days
[16:01] {dino} lol larisa, in an hour or so
[16:01] {larisa} :)
[16:04] {Alw} ty
[16:04] {magoo} bru dino?
[16:08] {dino} indeed

Thursday, July 9, 2009

Jul 09 2009

One word: boring. Couple stops, win - they balance each other and leave you wondering why you bothered to wake up.

Session Time: Thu Jul 09 00:00:01 2009

[08:11] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET
[08:11] {Threei} - Expectations for initial claims are 603K v prior release of 614K (range seen from 570K to 625K)
[08:11] {Threei} - Continuing claims seen at 6.740M v prior 6.738M. (range seen from 6.680M to 6.950M)
[08:11] {Threei} ****Note: Initial Claims has not registered a reading below 600K in 23 weeks since Jan 23rd
[08:13] {BillyD} gm Vad
[08:13] {Threei} good morning
[08:15] {Threei} *(CA) CANADA JUN HOUSING STARTS: 140.7K V 130.0KE
[08:15] {nemo} haroo
[08:15] {Threei} what language is that?
[08:16] {nemo} hobbit
[08:16] {nemo} you asked
[08:16] {Threei} {--- switching to lingon
[08:16] {nemo} couldn't be worse than your English...dohhhh
[08:17] {Threei} lol
[08:20] {Threei} BLTXX Baltic Dry Bulk Index -2.9%, (7th straight decline)
[08:25] {Threei} TGT Reports June SSS -6.2% v -5.8%e
[08:37] {Threei} DRYS is trying again... despite BDI being down again
[08:38] {Alw} gm
[08:38] {Threei} Alw :)
[08:50] {cosmo} NVAX pre mkt high = 2.90 fwiw
[08:53] {Threei} Novavax Inc. India Unit signs JV agreement with Cadila Pharmaceuticals
[08:53] {Threei} - This joint venture, called CPL Biologicals Pvt. Ltd., will develop and manufacture vaccines, biological therapeutics and diagnostics in India using technology contributed from Novavax and Cadila Pharmaceuticals.
[08:53] {Threei} - In addition, CPL Biologicals will establish manufacturing facilities in India and develop, produce and sell products such as seasonal influenza vaccine and potentially other novel vaccines against dengue fever and chikungunya fever based on Novavax''s virus-like-particle (VLP) vaccine technology. CPL Biologicals also expects to develop the pandemic H1N1 influenza vaccine candidate in India that Novavax is developing in the United States.
[08:59] {fernp} good morning everybody
[08:59] {Threei} fern :)
[09:03] {ese} good morning....last morning in Disneyland gonna be back home tonight with no crowds to fight
[09:03] {cosmo} why fight?
[09:04] {Threei} ese :)
[09:05] {ese} you have no choice......60,000 some people a day in this park....shoulder to shoulder most of the time in the old part of the park .....not so bad in the new part
[09:05] {ese} hey vad
[09:06] {cosmo} i thot they got rid of the old part
[09:06] {ese} nope.....looks to me like it's still the most popular part of the park
[09:07] {vinod} GM to all
[09:07] {cosmo} bring back engine joe's cave i say....
[09:07] {ese} vino
[09:07] {Threei} vinod :)
[09:08] {vinod} I am looking at YRCW today
[09:08] {ese} Thats now probabaly the Indiana Jones ride......
[09:09] {vinod} yes, the can go under or make it
[09:09] {dino} gm all
[09:10] {Threei} dino :)
[09:10] {dino} hope you had fun es
[09:10] {ese} hey dino
[09:11] {ese} yes we did......
[09:12] {ese} whats the disney symbol ....anyone know
[09:12] {Threei} DIS
[09:12] {Threei} (doh)
[09:13] {ese} tks
[09:13] {ese} hmmmm...22.30 a share
[09:15] {Threei} see DRYS ese?
[09:16] {ese} just looking at it now
06[09:17] * Threei slaps magoo around a bit with a large preventive greeting
[09:17] {magoo} ellow mates
[09:17] {ese} IS Disney theme park may be built in Shanghai's Chuansha district following the 2010 Shanghai Expo - Shanghai Securities News - Report cites sources from Shanghai government think tank and the planning agency of Shanghai's Pud... (23.09, +0.25, 1.09%) more... (related USD/CNY FXI
[09:19] {Threei} lol FAZ
[09:19] {Threei} total reset
[09:21] {BillyD} oh my, just saw TBUS on's still alive
[09:21] {Threei} yeah, lol
[09:21] {Threei} contract in India
[09:21] {BillyD} it's amazing how they manage to stick around
[09:22] {jfjf64} mornin all
[09:22] {Threei} jf :)
[09:22] {BillyD} hi jfd
[09:22] {dino} tbus, is that the car wash co.?
[09:22] {Threei} no
[09:22] {BillyD} wasn't that mama
[09:22] {Threei} no...
[09:23] {BillyD} lol
[09:23] {Threei} trying to remember the symbol
[09:23] {Threei} car wash/security...
[09:23] {BillyD} don't hurt yourself
[09:23] {Threei} seriously... lol
[09:23] {Threei} MACE
[09:24] {BillyD} that's it
[09:24] {Threei} still around too, lol
[09:24] {BillyD} gotta give these guys credit to stay in business
[09:24] {BillyD} behind these little dogs
[09:25] {Threei} not all of them are that lucky of course
[09:25] {BillyD} scrappers in a vicious game
[09:25] {Threei} remember LOCK?
[09:25] {BillyD} oy yeah
[09:25] {ese} car wash security???? your joking right vad?
[09:26] {Threei} no... MACE is famous for being car wash company and national security company
[09:27] {ese} huh.....interesting
[09:27] {BillyD} they joined the security business through press releases when it was hot
[09:28] {cosmo} its for the water i heard
[09:28] {cosmo} water security
[09:28] {cosmo} matter...
[09:31] {Threei} Long Setup: DRYS .39
[09:31] {Threei} if stays above .30
[09:32] {Threei} President Obama: there is a clear possibility for a significant H1N1 flu outbreak (related SWINEX )
[09:32] {Threei} hmmm... can he move NVAX?
[09:32] {cosmo} NVAX 2.90 test coming
[09:33] {cosmo} maybe
[09:33] {Threei} no he cant
[09:33] {BillyD} staying away NVAX
[09:33] {cosmo} yea
[09:34] {Threei} Egypt reportedly arrests 26 in connection with terror plot against Suez Canal
[09:35] {Threei} Long Setup: WFC .20 break
[09:35] {Threei} if stays above .10
[09:35] {_kenyee} is drys still valid
[09:36] {Threei} never lost .30
[09:36] {ese} in drys
[09:36] {ese} .39
[09:36] {magoo} in wefc drys
[09:38] {Threei} no worky WFC'
[09:38] {BillyD} yeah, don't seem to have much luck with it
[09:39] {ese} stop is .34
[09:40] {ese} stopped
[09:40] {ese} .339
[09:40] {ese} -.05
[09:41] {ese} saw that coming with ndx and compx tanking
[09:42] {Threei} oh well
[09:42] {ese} oh well.....
[09:42] {magoo} diouble sigh
[09:42] {ese} had to have tight stop with 5k at stake
[09:42] {nemo} summer transition
[09:42] {nemo} had this in the spring too
[09:43] {fernp} stopped DRYS
[09:44] {vinod} I have my stop at 5.25
[09:45] {ese} that just might work vino
[09:45] {nemo} yeah, swing highs from yesterday
[09:45] {vinod} market sucks
[09:46] {nemo} well, two of them anyway
[09:46] {ese} yup
[09:49] {magoo} quote server please
[09:50] {Threei} 11
[09:50] {magoo} ty
[09:51] {magoo} AIG vad
[09:51] {Threei} RIMM
[09:51] {Threei} biounce point
[09:51] {magoo} IN
[09:51] {Threei} .36
[09:51] {magoo} lol
[09:53] {Threei} half out
[09:53] {Threei} .50
[09:53] {Threei} scalpers take profit
[09:53] {dptl} good morning all
[09:53] {Threei} dp :)
[09:54] {Threei} AIG... dunno mags, maybe double bottom
[09:54] {Threei} not my favorite here
[09:54] {Threei} nah
[09:55] {magoo} out rimm .63 TY bossasaurass
[09:55] {Threei} out RIMM in full
[09:55] {Threei} +.32
[09:56] {magoo} whats .35 to .63 anyone?
06[09:56] * Threei mails abacus to magoo
[10:00] {Threei} MAY WHOLESALE INVENTORIES: -0.8% V -1.0%E
[10:00] {nemo} not quite enough fingers and toes magoo
[10:01] {nemo} yeah, give him an abacus...that'll screw him up
06[10:01] * nemo mails slide rule to magoo
06[10:01] * nemo :)
[10:04] {ese} i guess we can take it that the wholesale inventories aren't that not tanking?
[10:05] {magoo} anyone have a real day high aapl?
[10:06] {vinod} boss-let us know about DRYS I have 2k
[10:06] {ese} 137.99 mags
[10:06] {magoo} .47
[10:06] {magoo} ty ese
[10:07] {magoo} laser has 9999999999\
[10:07] {Threei} lol
[10:07] {Threei} will do vinod
[10:09] {Threei} Long Setup: AAPL .45 if stays above .30
[10:13] {Threei} (US) Sec of Human Health: Swine Flu vaccine program will be federally supported
[10:13] {BillyD} one day there will be no one to buy bonds and those statements will go away
[10:16] {ese} thats an interesting thought that........
[10:16] {ese} pretty much system colapse after that
[10:16] {Threei} Long Setup: AAPL .10 break if stays above 136.90
[10:20] {dino} i suppose in a month aig will do another 1:20 reverse split
[10:20] {Threei} yup, lol
[10:21] {magoo} and shorts make millions again
[10:21] {Threei} Long Setup: KLAC .20 break if stays above .10
[10:22] {nemo} is AIG available for shorting?
[10:22] {Threei} no
[10:23] {nemo} I wouldn't think so...that would be like shooting fish (ow..what am I saying) in a bucket
[10:23] {ese} Wonder if anyone could give this short article a glance a give me an opion on it:
[10:23] {ese} has to do with options on intc
[10:24] {ese} am not aqn options player but am assuming this has very bullish consequences
[10:25] {Threei} quite amazing dump AIG
[10:25] {magoo} 23 to 10
[10:25] {magoo} sik
[10:26] {Threei} World Bank Pres Zoellick: USD to remain primary reserve currency, great imbalances currently exist in currency markets
[10:26] {Threei} heh
[10:27] {Threei} Generic crude futures fall below $60 for the first time since May 26
[10:28] {dino} what about name brand
[10:28] {Threei} lol
[10:29] {magoo} vad bottom AIG
[10:29] {Threei} 0
[10:29] {BillyD} AIG needs a big capitulation spike imo
[10:30] {BillyD} to make a long worth it
[10:30] {Threei} yeah
[10:30] {Threei} .40 break is technically valid attempt
[10:30] {Threei} I personally will refrain
[10:30] {nemo} yeah, that's javelin catching
[10:31] {BillyD} you would need a .10 stop imo if taking at .40
[10:31] {nemo} and tranquilizers
[10:31] {Threei} and diapers
[10:31] {BillyD} lol
[10:32] {nemo} nah, I think sphincter pressure will be so great diapers unnecessary
[10:32] {Threei} early alert:
[10:35] {Threei} AIG is not even falling knife - rather falling piano
[10:37] {magoo} SHEESH..system CRASH
[10:38] {Threei} not midtrade I hope?
[10:38] {magoo} stikll got DRYS donkey
[10:40] {jfjf64} any read jpm vad
[10:41] {Threei} not really
[10:41] {magoo} klac back vadf
[10:42] {magoo} in .20
[10:42] {Threei} no clean level to place stop mags
[10:42] {magoo} wont need it right?
[10:42] {Threei} hopefully, lol
[10:44] {nemo} got a rising trend line though
[10:45] {Threei} NVAX Hearing vague chatter may receive a flu vaccine contract from the UK Govt (2.78, 0.27, 10.76%)
[10:46] {Threei} conccerted effort to move this thing today
[10:46] {nemo} mags get out
[10:47] {Threei} AIG stabilized a bit
[10:47] {nemo} yeah, for a dbi
[10:47] {Threei} lol
[10:49] {magoo} out EVERYTHING GARbage
[10:49] {Threei} that wasn't clean entry on KLAC mags
[10:49] {Threei} asked for troubles
[10:50] {magoo} just get into short mode..this mkts going back to 7000
[10:51] {nemo} 666
[10:51] {magoo} look aapl..points if we shorted
[10:51] {magoo} open pop..then short
[10:51] {magoo} summer gonna be brutal long
[10:52] {fernp} agree
[10:52] {nemo} RIMM flirting with highs
[10:52] {Threei} you guys are spoiled
[10:52] {magoo} may get pops ..but overall we need to recognize downtrend upon us
[10:52] {Threei} every summer is like this except last one
[10:53] {fernp} you are here to protectus, lol
[10:53] {nemo} frickin aig
[10:54] {nemo} yeah guardian demon
[10:56] {jfjf64} look at wynn
[10:57] {Threei} LVS and MGM too
[10:57] {dino} qcom sm l .25 stop .99
[10:58] {jfjf64} hmm
[10:59] {dino} penn too
[10:59] {_kenyee} what does 'sm' after the stock mean?
[10:59] {jfjf64} charts all similar
[11:00] {nemo} sm=small as in "small lot"
[11:00] {jfjf64} nothin lk market
[11:00] {_kenyee} ty
[11:02] {Threei} YRCW Reaches Tentative Agreement with Teamsters
[11:02] {Threei} - Details surrounding the tentative agreement are expected to be available next week following furth... (1.35, 0.46, 51.69%) more...
[11:03] {Threei} following further discussions with labor leadership. The modified agreement will be voted on by YRC Worldwide employees who are represented by the IBT.
[11:03] {Threei} - The proposed changes are designed to reduce the company''s cost structure and preserve operating capital.
[11:04] {dino} kenyee 400
[11:05] {ese} sounds like a motor race "THE KENYEE 400"
[11:05] {dino} lol
[11:05] {_kenyee} name fits on a license plate, when I can afford it
[11:05] {ese} too funny
[11:06] {_kenyee} 400 shares= a small lot?
[11:06] {ese} 200/300
[11:07] {nemo} ese...a small lot for you is 10k
[11:07] {ese} 1/2 lot 500, 3/4 lot 700,
[11:07] {ese} full lot 1000
[11:07] {Threei} it's not universal for everyone kenyee
[11:07] {dino} y
[11:07] {_kenyee} ty
[11:07] {nemo} it's like tomato tomahto
[11:08] {dino} np
[11:08] {ese} and my standard crap load lot 20/25k
[11:08] {nemo} or Grey Goose vs Ripple
[11:08] {ese} true nemo.......thats because of vads influence......trying to keep up to the jones
[11:09] {jfjf64} c/h faz lol
[11:16] {Threei} [09:08] {vinod} I am looking at YRCW today
[11:16] {Threei} you should have just told us to buy 25K shares
[11:21] {jfjf64} looks lk still goin up up up
[11:21] {vinod} I brought YRCW at premarket at 1.05 only 500
[11:24] {magoo} vad..after we get out of this drys trade..promise u take off your screen foreever paleeeeaaasssseee
[11:25] {Threei} can't... what I can though is to attach warning label:
[11:25] {Threei} Attention DRYS traders - magoo excluded
[11:26] {Threei} big pullback YRCW
[11:26] {magoo} that will work
[11:26] {vinod} Mag00-look like i am married to DRYS instead of one ninght stnad
[11:27] {nemo} what's your wife going to say vino?
[11:27] {magoo} i cant stand these type trades..its like what..i got all day to sit here and
[11:27] {_kenyee} I got divorced from DRYS and still paying alimony!
[11:27] {vinod} she once told me who wants to buy used car
[11:27] {Threei} (US) White House: The absence of Chinese Premier Wen did not impact G8 climate talks
[11:28] {Threei} of course not, he wouldn't care about that anyway
[11:28] {Threei} (US) House Speaker Pelosi (D): House healthcare plan does not include provisions to tax employee benefits; talk of a second stimulus 'premature'
[11:36] {Threei} S Signs agreement with Ericsson (4.40, 0.11, 2.56%) (related ERIC )
[11:36] {Threei} The agreement, with an option for renewal, will result in payments for services valued at between $4.5 billion and $5 billion (USD) over the seven-year term of the contract. The transaction calls for about 6,000 Sprint employees to begin performing their network functions as Ericsson employees sometime in the 3rd quarter.
[11:39] {ese} zzzzzzzzzz....smorffff.....glagg....ah hem.......zzzzzzzzzzzzzzzzzzzzzzzzz
[11:39] {Threei} S honestly trying
[11:39] {dino} ditto
[11:39] {nemo} which end is that coming out of ese?
[11:39] {Threei} 5B
[11:39] {ese} now THAT.....was funny
[11:43] {Threei} magoo
[11:45] {magoo} huh/
[11:45] {magoo} ?
06[11:45] * Threei signals with his eyes to the right
06[11:45] * magoo slaps laserdave around a bit with a large trout
[11:45] {Threei} there
06[11:45] * magoo slaps laserdave around a bit with a large trout
06[11:45] * magoo slaps laserdave around a bit with a large trout
[11:46] {dino} apol sm l .10 stop .83
[11:46] {magoo} your best alert of day he he {as magoo grabs vads vodka and runs for nearest cave}
[11:46] {Threei} lol
[11:47] {Threei} I thought you liked RIMM
[11:47] {magoo} i did but forgot about it already
[11:47] {magoo} staring at drys
[11:47] {Threei} i would too but I wrote it down
[11:48] {dino} baltic frieght index is in a multi day decline fwiw
[11:48] {Threei} yes dino... DRYS owever stopped downtrending
[11:48] {Threei} did it yesterday and confirmed today
[11:48] {Threei} which was th reason for the call
[11:49] {dino} you short?
[11:50] {Threei} ?
[11:50] {Threei} DRYS? no
[11:51] {ese} LFITB .82
[11:57] {jfjf64} aig ? resistance .59
[11:57] {Threei} toughie
[11:57] {Threei} 50/50
[12:02] {magoo} AA vad..bouncer?
[12:02] {magoo} in .50 now
[12:03] {Threei} why not... stop is tight enough
[12:08] {dino} apol stopped
[12:11] {Threei} WSJ reports Cerberus declines to allow investors out of its main hedge fund
[12:11] {Threei} - Cerberus reportedly creating a special vehicle to allow some investors to cash out of the fund over time. The fund implementing lower fees and longer lock up period.
[12:11] {Threei} Hotel California?
[12:12] {dino} sounds like they may not have the $
[12:14] {Threei} either that or are trying to prevent redemption meltdown
[12:15] {Threei} hard to imagine it can be legal though
[12:18] {dino} at the very least, obviously they are not doing well
[12:18] {magoo} A
[12:18] {magoo} I
[12:18] {magoo} G
[12:18] {dino} frickin apol rinsed
[12:20] {nemo} yeah look at that capitultion volume spike
[12:21] {jfjf64} draw resistant line .59
[12:25] {Threei} pullback AIG
[12:26] {magoo} the squeeze may be on
[12:29] {Threei} feels like going over 11
[12:33] {Threei} these sharp teleportations look familiar eh?
[12:33] {Threei} if you have cobra-like reflexes they are scalpable
[12:36] {Threei} S all the way back to pre-news level
[12:36] {jfjf64} ?rimm
[12:37] {Threei} RIMM is strangely narrow today
[12:37] {Threei} LVS has bigger range today that RIMM
[12:37] {nemo} butting up right against R1 67.10 on it's pivot
[12:38] {Threei} that = than
[12:38] {nemo} If then else?
[12:39] {nemo} How long does it take a grasshopper with a wooden leg to kick all the seeds out of a dill pickle?
[12:39] {magoo} vads..half out drys .40 he hge
[12:40] {Threei} ummm
[12:40] {Threei} congratulations, I guess
[12:40] {magoo} im asking
[12:40] {nemo} after commissions your up .01?
[12:40] {magoo} whats a guy gotta do for a fish?
[12:40] {Threei} mags, I don't know what to say... this is simply not your type
[12:40] {Threei} too slow for you
06[12:41] * nemo slaps magoo around a bit with a large trout
[12:41] {Threei} but when this kind works, you get mad that you haven't hel it
[12:41] {magoo} thats all i wanted ..thanx cap'n nemo
[12:41] {Threei} shrug
06[12:41] * nemo slaps magoo around a bit with a large flounder
06[12:41] * nemo slaps magoo around a bit with a large halibut
06[12:41] * nemo slaps magoo around a bit with a large cod
06[12:41] * nemo slaps magoo around a bit with a large coelecanth
[12:42] {magoo} i do get speak the truth
[12:42] {nemo} now go make seafood salad
06[12:42] * Threei slaps magoo around a bit with a large nemo
[12:42] {nemo} might want to skip the coelecanth, they're kinda' tough
[12:44] {Threei} anyone's contemplating coming to Freeport in Jan?
[12:46] {ese} whats in freeport vad?
[12:46] {nemo} conference ese
[12:46] {nemo} It was a lot of get to listen to vad bloviate for days
[12:46] {Threei}
[12:47] {ese} just might do going 1/2 X next year so may have the time
[12:47] {Threei} here is slideshow from this year:
[12:47] {Threei}
[12:48] {jfjf64} lvs pullbk
[12:49] {Threei} guess who is on TV
[12:49] {magoo} the link says march vad
[12:49] {Threei} which link?
[12:50] {nemo} Over MLK weekend
[12:50] {magoo} [12:48] {&Threei}
[12:50] {nemo} well, centers around that
[12:50] {Threei} that's the one that is already in the past magoo
[12:50] {Threei} as in: before today
[12:50] {Threei} meaning, already took place
[12:50] {magoo} u posted it not me
[12:50] {Threei} while another link is for the future
[12:51] {Threei} as in: will be later
[12:51] {Threei} meaning, still hasn't taken place
[12:51] {Threei} overall idea is:
[12:51] {nemo} frickin' pisdah
[12:51] {Threei} one link shows how it happens
[12:51] {Threei} another is for the future event
[12:51] {nemo} oops janitor
[12:52] {magoo} now im confused :)
[12:52] {Threei} which you can attend if you liked past event
[12:52] {nemo} your normal state mags
06[12:52] * BillyD slaps magoo around a bit with a large trout
[12:52] {Threei} now, all of you who watched this dialong... you see what I deal with?
[12:52] {BillyD} unconfuse therapy
[12:52] {BillyD} your patience at all time new levels vad
[12:52] {Threei} hehe
[12:53] {Threei} having magoo and nemo around will do that to you
[12:53] {nemo} dangling preposition Vad..tsk tsk
[12:55] {nemo} RIMM approaching resistance
[12:56] {nemo} over resistance
[12:56] {magoo} just imagine if we both attended
[12:56] {nemo} I was there
[12:56] {Threei} actually that could be great
[12:57] {Threei} you'd keeop each other busy
[12:57] {BillyD} lol
[12:57] {nemo} Yeah, we can talk about hunting
[12:57] {magoo} i went to bermuda by mistake
[12:57] {Threei} as in that old knock knock joke
[12:58] {Threei} who is there? - IRS - what do you want? - to talk? - how many of you there? - two - great, talk to each other then
[12:58] {ese} cool....i think i go just to play with the Henry Moss Quartet.......Vad CTA instructor......looks like alot of fun......can my wife come?
[12:58] {Threei} absolutely
[12:58] {Threei} it's family event for many
[12:58] {Threei} tax-deductible vacation
[12:59] {jfjf64} lvs vad .55 break?
[12:59] {Threei} I wish it held .50 jf
[12:59] {jfjf64} me toooo
[13:00] {nemo} support @ .48
[13:00] {nemo} .45?
[13:00] {jfjf64} rimm ouch
[13:02] {Threei} - indirect bidders take 50.2% of competitive bids
[13:02] {nemo} that's bad
[13:03] {nemo} 10 years and 30 years are taking it hard. Only short term are doing well
[13:03] {nemo} Duh...the world thinks (for good reason) we're screwed
[13:03] {nemo} look at tbt
[13:04] {Threei} the world is mistaken - unless we allow current administration to continue their chosen path
[13:04] {nemo} and congress...
[13:05] {nemo} or as someone writes...CONgress
[13:06] {dino} good one
[13:07] {Threei} the camp 'USD is doomed" is wrong, IMO
[13:08] {nemo} The wild card is in a fiat world when all the economies have to finance their debt, from whom are they going to borrow?
[13:09] {Threei} yeah, that's my eternal question
[13:09] {Threei} if all governments are in debt, who is the lender?
[13:10] {Threei} and btw, look at TBT
[13:10] {nemo} [13:03] {nemo} look at tbt
[13:11] {Threei} sigh... magoo #2
06[13:11] * nemo ties the noose
[13:11] {Threei} you said it when it went up... I say it now meaning it reversed
06[13:11] * nemo throws the rope over the beam
06[13:11] * nemo puts a chair under the noose
[13:12] {Threei} anyone has some simple book explaining concepts of past and future fot hese two?
[13:12] {Threei} desirably with drawings?
[13:13] {nemo} damn, can't climb with these fins
[13:25] {ese} outta here to catch a plane.....see you all tomorrow....still long fitb am gonna hold over night take care
[13:25] {Threei} have a safe flight eswe
[13:25] {ese} tks vad
[13:25] {Threei} you have party to attend this Sunday, so take care of yourself
[13:32] {_kenyee} what's your take on GE? is that a cup and handle?
[13:33] {nemo} volume should match the drop in the handle
[13:33] {Threei} more or less... not delighted by breakouts right now
[13:40] {nemo} $ taking a pounding today and the markets not really moving
[13:52] {magoo} mkts could rot 2-2:30pm
[13:53] {nemo} or rip
[13:54] {magoo} that does itttttttt........................
06[13:54] * magoo slaps nemo around a bit with a large trout
[13:54] {magoo} interesting..just noticed your name is directly under mine
[13:55] {nemo} Vad, would you change my handle to "Alexander"?
[13:55] {Threei} no'
[13:55] {magoo} and mine to alexie
[13:56] {nemo} How about zoroastrian"?
[13:56] {magoo} and mine zagnatermator
[13:56] {Threei} rofl
[13:57] {magoo} would nemo have to sit in desk directly behind magoo at conference?
[13:57] {johnnyj} all names should have four letters... unless they need reorganization
[13:57] {nemo} No, I'm usually kept in an aquarium
[13:58] {nemo} LOOK AT TBT!
[13:58] {magoo} look TBT
06[13:59] * magoo slaps _kenyee around a bit with a large trout
[14:01] {dptl} have a good evening all
[14:01] {fernp} you too dp
[14:01] {magoo} bye dp
[14:01] {Threei} take care dp
[14:03] {dino} sm snda l .50
[14:06] {_kenyee} is depth and volume a concern on snda?
[14:06] {Threei} for most yes
[14:06] {Threei} but it's dino's typical style
[14:07] {dino} no kenyee.
[14:10] {dino} breakouts are nonexistant lately
[14:12] {nemo} vix is own 5.5% today
[14:12] {dino} darn pol would've had a buck. stop was too tight
[14:12] {dino} pru hod
[14:13] {dino} pol=apol
[14:13] {_kenyee} do you prefer breakouts or retracements?
[14:14] {dino} mostly euphoria and capitualations
[14:14] {dino} this week though everything is down big
[14:14] {dino} i buy capits and sell euphoria
[14:15] {dino} i liked apol because it was down 8 points in 4 days
[14:15] {dino} snda-5 in 2 days
[14:15] {_kenyee} is that like picking tops and bottoms?
[14:16] {dino} fast though, 15% quick moves i like
[14:25] {johnnyj} a nice little mojo to the upside would cause the most pain this afternoon
06[14:25] * nemo does magoo impression, 'We in anything Vad?"
06[14:25] * nemo does nemo impression, "coma."
[14:25] {dino} could be just contra our noise
[14:25] {dino} hour
[14:27] {nemo} It's the PPT muddying the waters
[14:27] {_kenyee} is that euphoria on aks?
[14:27] {magoo} we in anything vad?
[14:28] {nemo} rofl
[14:28] {nemo} kenyee, look at a 5 min chart
[14:28] {nemo} just working back to resistance
[14:29] {dino} imo no
[14:29] {dino} look for a $2-$ spike in minutes
[14:30] {nemo} "SEC to call for Calif. IOUs treated as securities"
[14:30] {nemo} Wonder when they'll have to start giving out IOUs on their IOUs?
[14:30] {_kenyee} everyone can print money these days
[14:31] {magoo} VAADDDDDDDd
[14:31] {Threei} US Rep Frank: Not planning to limit company size as part of financial regulatory overhaul; primary supervisor alone should have authority to 'wind down' firms
[14:31] {Threei} - Now is not an appropriate time for focus on restructuring GSEs; restructuring will be a high priority in 2010
[14:31] {magoo} r or r?
[14:31] {Threei} yes
[14:31] {magoo} ty'
[14:31] {Threei} yw
[14:31] {Threei} Treasury's Geithner: Plans to meet with soverign wealth fund leader in Abu Dhabi
[14:32] {nemo} the Wimpy routine
[14:32] {dino} going back a hundred years and every bank will issue their own dollars
[14:33] {Threei} (US) Treasury's Geithner plans to meet with UK PM Brown, UK Treasurer Darling, French Fin Min Legarde and sovereign wealth fund leaders next week
[14:33] {Threei} he is having active social life
[14:33] {nemo} got to figure out how to keep gold down
[14:34] {Threei} easy
[14:34] {Threei} don't monetize debt
[14:34] {Threei} don't print new money as if there is no tom,orrow
[14:35] {nemo} a little late
[14:35] {Threei} don't bankrupt country by 4 new stimulus packages and 18 new social programs, each sized as a planet
[14:35] {Threei} that's it... gold is dead, dollar is golden
[14:36] {_kenyee} the plan is for hyperinflation
[14:36] {Threei} I am not aso sure
[14:38] {dino} its the only way out. inflate it away'
[14:39] {_kenyee} dollar=charmin
[14:39] {nemo} 2 ply at best...I wish it were charmin
[14:41] {Threei} who want a bet dollar is preparing a rally no one expects and foresees?
[14:42] {Threei} just like no one forecasted previous one
[14:42] {nemo} I agree
[14:42] {_kenyee} maybe the government can sell advertising rights to to the dollar
[14:43] {nemo} Especially if China has been financing their own bubble. All other fiat currencies are screwed too
[14:43] {Threei} heh
[14:44] {Threei} just tell me kehyee... do you remember any single market observer who foresaw a dollar rally from its low a year and half ago?
[14:44] {Threei} everuone and their brother predicted it going down the toilet
[14:44] {Threei} it was so obvious
[14:44] {Threei} exactly opposite happened, stunning whole world
[14:44] {magoo} AIG losing 10
[14:45] {Threei} of course later on it became just as obvious to everyone why it happened
[14:45] {_kenyee} I learned from you that the majority is wrong most of the time:)
[14:45] {Threei} same thing develops now
[14:45] {Threei} everyone knows dollar is going to drop
[14:46] {Threei} no one is acapable of answerring one simple questions though:
[14:46] {Threei} drop against what?
[14:46] {_kenyee} the canadian dollar:D
[14:46] {Threei} as if anyone cares about that, lol
[14:47] {_kenyee} it matters if your from detroit and go to the windsor casino
[14:53] {Threei} AIG lost 10
06[15:05] * BillyD lost interest
[15:06] {BillyD} can't short it
[15:06] {Threei} SEC comments that California IOUs could become tradeable in a regulated market
[15:06] {BillyD} only way to get something for them?
[15:07] {Threei} no... the way to lower cost of obligations
[15:08] {BillyD} and stae gets off the no liquidity hook
[15:08] {BillyD} state
[15:08] {Threei} there you go
[15:08] {Threei} who says capitalism doesn't work
[15:08] {BillyD} they win
[15:08] {BillyD} lol
[15:08] {Threei} :)
[15:09] {BillyD} little guy who is state employee gonna have to take a discount for his iou
[15:09] {BillyD} some is better than none
[15:15] {Threei} AA, what a pathetic performance after the gap
[15:17] {Threei} Fed's Kohn: See little risk of conflict between many roles; Fed is positioned well as a systemic regulator
[15:17] {Threei} really... what's the problem with fox guarding hen house
[15:26] {jfjf64} what happens when aig gets to 1.00
[15:27] {johnnyj} you cover your short?
[15:27] {Threei} lol
[15:27] {Threei} they go for another reverse split I guess
[15:28] {jfjf64} maybe 50/1 better next tm
[15:28] {Threei} not sure... hight to fall from is bigger but speed will increase as well {G}
[15:30] {jfjf64} cof s trigger.13 for me
[15:31] {BillyD} does TBT trade like a normal stock?
[15:31] {Threei} what do you mean?
[15:32] {BillyD} it's an ETF right - a basket of stocks or stuff
[15:33] {dino} snda stopped
[15:33] {Threei} UltraShort 20+ Year Treasure
[15:33] {Threei} twice the inverse daily performance of the Barclays Capital 20+ Year U.S. Treasury Index. The Barclays Capital 20+ Year U.S. Treasury Index includes all publicly issued, United States Treasury securities that have a remaining maturity of 20 years or greater
[15:34] {BillyD} QID does opposite of mkt and wasn't sure how TBT is tied to mkt
[15:34] {dino} trades off interest rate moves
[15:34] {dino} tbt, tlt
[15:34] {Threei} QID is NASDAQ
[15:34] {Threei} TBT is not directly tied into market
[15:34] {BillyD} ok ty
[15:34] {Threei} all those auctions impact it
[15:35] {dino} yes
[15:35] {Threei} there is connection with market of course but it's not as direct and immediate
[15:35] {magoo} jesus AIG seeing 8 area
[15:35] {BillyD} I guess you can still play them based on typical setups though rifght
[15:36] {magoo} soon
[15:36] {Threei} more or less yes
[15:36] {Threei} but make sure you don't do it ariound auction times
[15:36] {BillyD} ok
[15:37] {dino} wynn s .99
[15:46] {jfjf64} market kp it up dino she wants to drop
[15:46] {dino} thought it would break
[15:47] {dino} just not my day
[15:47] {jfjf64} im in it too
[15:47] {dino} bstop is .15
[15:49] {Threei} look at the range
[15:49] {Threei} NQ less than 15 points for the day
[15:49] {Threei} any wonder we are not finding trades?
[15:52] {jfjf64} die elvis
[15:53] {Threei} YRCW desrves a look as possible gap candidate
[15:56] {jfjf64} dino can ya knock this down in next 2 min pls
[15:57] {jfjf64} 1/1
[15:58] {dino} will do
[15:58] {jfjf64} .80 nice
[15:59] {dino} cov .89
[15:59] {Threei} okay guys, thank you all
[15:59] {dino} gj jf
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {BillyD} cya
[15:59] {fernp} good evening to all

Wednesday, July 8, 2009

Jul 08 2009

Couldn't get in markert's rythm today. While some trades worked and general idea of direction was right, timing on entries was off so I backed away to preserve capital and save many papercuts.

Session Time: Wed Jul 08 00:00:00 2009

[08:27] {nemo} How's it look up there Raven?
[08:29] {Raven} 54F and sun with no wind
[08:29] {nemo} Sun? What's that...feel like I'm living in Germany again...weatherman is the easiest job in Germany...forecast: rain
[08:30] {nemo} Given your forecast, targetting ground objects should be....ahem....a breeze....
[08:31] {Threei} Good morning early risers
[08:31] {Raven} yes ... and I will be alert
[08:31] {Raven} 3;:)
[08:31] {Raven} 3i
[08:31] {Threei} R :)
[08:31] {nemo} iii :)
[08:32] {Threei} creative
[08:39] {Alw} gm
[08:39] {Threei} Alw :)
[08:39] {patience} gm guys :)
[08:40] {Threei} patience :)
[08:40] {patience} Baby Owen was born last night, 9 pounds, 5 ounces :)
[08:41] {Threei} I guess you need to add, not yours :)
[08:43] {patience} oh, yup....sorry, should have dcc'ed you
[08:43] {nemo} I was going to day....dedicated trader
[08:46] {ese} morning
[08:47] {Threei} ese :)
[08:50] {ese} morning vad....
[08:51] {fernp} good morning everybody
[08:51] {Threei} fern :)
[08:52] {ese} fern
[08:55] {BillyD} gm all :)
[08:55] {Threei} TRGT Announces Decision by AstraZeneca to Advance AZD3480 Program in ADHD; will receive $10M payment
[08:55] {Threei} - AstraZeneca has informed Targacept that it plans to conduct further development of AZD3480 (TC-173... (2.44, 0.00, 0.00%) more... (related AZN )
[08:55] {Threei} Billy :)
[08:56] {BillyD} remember AA today Vad
[08:56] {BillyD} the stock I mean
[08:56] {Threei} yes, ty... now, who is Vad?
[08:57] {BillyD} the other guy
[08:57] {nemo} RIMM dropped a buck already
[08:57] {Threei} wait... the stock? not the "hi, my name is .., and I am an..."?
[09:00] {dino} gm all
[09:00] {Threei} dino :)
[09:02] {dino} fdo, dltr, amgn rocking
[09:03] {cosmo} XNPT holds 18.70 far
[09:03] {Threei} SUMT Selected by Memorial Healthcare System
[09:04] {Threei} The Solution Set allows healthcare providers to manage goals, perform clinical competency assessments and year-end reviews, create targeted learning and development programs that correct competency gaps, meet audit requirements of the Joint Commission, manage compensation and better track and manage continuing education credits required for regular license renewal.
[09:05] {dino} rtp, what was close? cyber says 124.45; yahoo has147.29
[09:05] {BillyD} 147.29
[09:06] {ese} mine says 124.45
[09:06] {dino} 22.80 div.?
[09:07] {Alw} trouble in china
[09:07] {ese} when you look at the chart theres no way way it can be 124
[09:07] {nemo} where's Kurt Russell when you need him
[09:07] {Alw} rio tinto had 4 executives detained by Chinese authorities
[09:07] {Threei} ABAT Signs distribution agreement with ZAP
[09:07] {Threei} - ABAT''s batteries will play an important role in vehicles such as ZAP''s XL/XR
[09:08] {dino} yeah, i see, also big dividend
[09:08] {Threei} RIO.UK Exec: Can not confirm that Chinese iron ore talks have been settled
[09:08] {Threei} - States the talks are ongoing as they have been for some weeks
[09:13] {_kenyee} good morning
[09:15] {Threei} kenyee :)
[09:15] {dino} ice still getting crushed
[09:19] {magoo} wrjRWJOJHIWrji
[09:19] {magoo} amgn huge
[09:19] {ese} oidlkelkjoilkew
[09:20] {jfjf64} mornin all
[09:20] {ese} jf
[09:20] {Threei} IMF Chief Economist Blanchard: Those forces pulling economy up remain weak; Sustained recovery will demand private spending
[09:20] {Threei} - Forces pulling economy down are now less than before
[09:20] {Threei} - Banks are still not in great shapemore
[09:20] {BillyD} jf, magoo
[09:20] {Threei} magoo, jf :)
[09:21] {Threei} Must see coordination of exit strategies on global basis
[09:21] {Threei} - It is not possible for Asian economies to 'decouple' from global economy
[09:21] {BillyD} It is kind of interesting how the whole world is in this financial situation together
[09:22] {Threei} and blaming USA with one voice
[09:22] {BillyD} well, when the center crumbles it affects the whole
[09:22] {ese} yup....everyone else was just as greedy
[09:23] {Threei} exactly, and never complained while USA was world's economic engine
[09:23] {jfjf64} anythin in cross hairs 3i
[09:23] {Threei} nothing definitive
[09:23] {Threei} AA on watch
[09:23] {Threei} DRYS too
[09:24] {jfjf64} ty
[09:24] {dptl} good morning all
[09:24] {Threei} at Credit Suisse; DRYS raised to Outperform from Underperform
[09:24] {Threei} - DRYS price target $8
[09:24] {Threei} dp :)
[09:24] {jfjf64} dp
[09:25] {Threei} also, BDI is down today for the 6th time in a row, yet DRYS is up
[09:26] {vinod} good morning to all
[09:26] {Threei} vinod :)
[09:30] {Threei} QTWW Signs $10.2 Million Phase III Development Contract With Fisker Automotive (0.74, 0.04, 5.80%)
[09:31] {Threei} Co announced that it has signed a contract for Phase III development of plug-in hybrid powertrains
[09:32] {Threei} AA finds some buyers... let's see if we get pullback into .50 - .55 zone
[09:33] {jfjf64} drys
[09:33] {_kenyee} do we buy on the pullback?
[09:33] {Threei} that's the idea
[09:34] {Threei} market pulling back
[09:35] {Threei} ok either .65 long if stays above .55 (less delighted by this setup),
[09:35] {Threei} or first strength from .50 - .55 zone
[09:35] {magoo} in .60
[09:36] {fernp} missed
[09:36] {BillyD} same here
[09:37] {Alw} missed
[09:37] {Threei} .65 was available...
[09:37] {magoo} i took first strength
[09:38] {Alw} yup - me too slow
[09:39] {Threei} second chance
[09:39] {BillyD} in
[09:39] {fernp} i am in
[09:39] {Alw} in .64
[09:39] {magoo} spy nearing 200ma
[09:40] {magoo} wfc pullbk
[09:40] {Threei} FBI confirms arrests of employees at wall st brokerage, declines to identify firm untill formal charges filed
[09:41] {vinod} aa i 9.60 stop?
[09:41] {Threei} under .55
[09:41] {_kenyee} what is stop on AA?
[09:41] {Threei} [09:35] {Threei} ok either .65 long if stays above .55
[09:43] {BillyD} out 1/2
[09:43] {fernp} my 1:1 is .72 ty Vad
[09:43] {Threei} ugh... missed DRYS pullback to .20
[09:45] {magoo} im thinking .87 area AA
[09:46] {Threei} if market helps
[09:46] {Threei} .82 yesterday's high
[09:46] {vinod} out AA 9.73
[09:47] {vinod} ty--vad
[09:47] {Threei} sure
[09:47] {Threei} you guys are so impatient, lol
[09:47] {Threei} maybe you are pesky scalpers??
[09:48] {vinod} for me VAD--I got my $200 is good enough for the day
[09:48] {Threei} :)
[09:50] {Threei} DRYS... George is getting upset
[09:51] {Threei} AA 1:1
[09:51] {Threei} half out, scalpers out in full
[09:52] {Threei} who tripped over the plug?
[09:52] {nemo} mags?
[09:53] {Threei} nemo, I know you are clumsy... but please be careful with market plug, it's fragile as it is
[09:53] {nemo} I haven't left my seat
[09:53] {Threei} telekinesys?
[09:53] {nemo} I wish
[09:54] {Alw} out AA 9.72 ty Vad - still learning patience
[09:54] {Threei} :)
[09:54] {vinod} seconf trip for AA ?
[09:55] {Threei} I don't like this market drop vinod...
[09:55] {Threei} feels like it may put an end to long plays for now
[09:55] {nemo} reverse of what dino predicted yesterday
[09:55] {nemo} It's his fault
[09:56] {vinod} ty--you people are great
[09:56] {Threei} I still think you mayte have to do something with it nemo... but could be just my habit of blaming you and magoo for everything
06[09:56] * nemo begins "deaththink"
[09:57] {BillyD} out rest flat
06[09:57] * Threei takes off long cap, puts short one on
[10:00] {Threei} and RIMM short on 66 breakdown I didn't take why??
[10:00] {nemo} you were too busy blaming me for the market fall
[10:00] {Threei} oh... right
[10:00] {nemo} fcx looks like it's going to pull a RIMM
[10:08] {Threei} Short Setup: CAT .30
[10:08] {Threei} if stays under .40
[10:08] {Threei} wow... unavailable
[10:08] {Threei} invalidated anyway
[10:08] {magoo} WOW
[10:09] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:09] {Threei} **consensus expectations:
[10:09] {Threei} Crude: -2.5Me
[10:09] {Threei} Gasoline: +800Ke
[10:09] {Threei} Distillate: +1.7Me
[10:09] {nemo} everybody must be short the market
[10:10] {Threei} ARYX Hearing defended at Jefferies (timing uncertain) (2.45, -1.76, -41.81%)
[10:14] {magoo} any read AMZN boss
[10:14] {BillyD} alot of support in that pun intented lol
[10:14] {Threei} double bottom bounce is the only play I would try here mags
[10:15] {magoo} check out DD lol
[10:15] {Threei} short 77 breakdown - only if market makes biiiig red candle, and AAPL gives a little delay for entry
[10:16] {Threei} Long Setup: AAPL .15
[10:16] {Threei} half lot
[10:16] {Threei} stop .95
[10:16] {Threei} argh
[10:16] {Threei} AMZN
[10:16] {Threei} sorry
[10:17] {magoo} yea..i pulled up aapl lol
[10:17] {Threei} sigh
[10:17] {nemo} me too
[10:17] {BillyD} lol
[10:17] {Threei} wait for pullback
[10:17] {magoo} in .11
[10:17] {Threei} should give one now
[10:17] {_kenyee} you mean 134.15?
[10:17] {_kenyee} amzn
[10:17] {Threei} no, I mean AMZN
[10:18] {Threei} here is pullback
[10:18] {magoo} .,lol
[10:19] {Threei} crap
[10:19] {Threei} doesn't work anyway
[10:20] {Threei} what was that seizure?
[10:20] {BillyD} lol...
[10:20] {magoo} games..foolery
[10:29] {Threei} US House Ways and Means Committee: Current draft of healthcare reform includes more than $500B in Medicare savings over a period of 10 years
[10:29] {Threei} - Cites congressional budget office (CBO) for estimates of savings
[10:29] {nemo} rimm dancing at support
[10:30] {Threei} they are so delusional
[10:30] {Threei} ask Canada how cost savings work in this type of health care
[10:30] {Threei} *DOE CRUDE: -2.9M V -2.5ME; GASOLINE: +1.9M V +800KE; DISTILLATE: +3.7M V +1.7ME; CAPACITY UTILIZATION: 86.8% V 86.8%E.
[10:35] {BillyD} little tough to pick entries with comviction on direction
[10:35] {Threei} EQIX is getting hit by rumors on accounting issues
[10:38] {Threei} Short Setup: WFC .20 break
[10:39] {nemo} unless .33?
[10:39] {Threei} .30 even
[10:41] {BillyD} each stocks behavior seems consistently random
[10:41] {Threei} lol
[10:41] {_kenyee} is wfc invalidated?
[10:41] {nemo} a definite maybe
[10:41] {nemo} discretionary?
[10:42] {Threei} yes WFC
[10:42] {Threei} maybe will reinstate itself by staying within the range fr a few minutes
[10:49] {Threei} Long Setup: RIMM 65 break
[10:49] {Threei} if stays above .85
[10:49] {magoo} in
[10:50] {magoo} u call rimm..i am inn..u call aapl..i drink a snapple
[10:50] {johnnyj} great rinse at 65... love the trade
[10:52] {Threei} no go
[10:52] {magoo} god damm this mkt
[10:52] {BillyD} mkt spikes brutal today
[10:52] {BillyD} rug pullers everywhere
[10:53] {nemo} see if it bounces off support
[10:53] {magoo} really.last 4 days just short spikes
[10:53] {magoo} this mkt is f'ed
[10:57] {Threei} White House Announces deal with Hospital groups
[10:57] {Threei} aims to save $155B in costs for healthcare over 10 year period
[10:57] {BillyD} in theory?
[10:59] {dino} upgrades=sells lately, see qcom, intc
[10:59] {magoo} jesus dino..everythings a sell last 4 days regardless
[11:00] {dino} hmmm, open gap fills
[11:13] {_kenyee} anything on the radar?
[11:13] {Threei} see me making any calls?
[11:14] {jfjf64} geez vad ya grumpy
[11:14] {jfjf64} lol
[11:14] {Threei} ain't I always?? :)
[11:14] {Threei} hesitated to call QID .30 long...
[11:15] {jfjf64} geez vad comon
[11:16] {jfjf64} that was a beauty
06[11:16] * Threei reaches for the button unholstering trout
[11:17] {dino} ice 116 to 88 in 4 days
[11:17] {nemo} .
06[11:17] * nemo pulls out the marlin case
06[11:17] * nemo shoulders the marlin
[11:17] {dino} shld 67-58 4 days
[11:18] {dino} pretty severe moves imo, lots of 7+ $ moves
[11:19] {nemo} -22 in RIMM -15 FCX 1 month
[11:20] {Threei} feels to me like bounce is in order
[11:20] {Threei} shorts become overconfident
[11:20] {dino} rtp -90 in month
[11:20] {nemo} market or your chin off the keyboard?
[11:21] {dino} too soon imo 3i.
[11:22] {nemo} SDS keeps pushing up
[11:22] {jfjf64} fdo wanted to play .42 dam
[11:25] {Threei} (RU) Russian President Medvedev Spokesperson: Medvedev told G8 that administrative regulation of oil prices would be unworkable (related USO RSX EUR/RUB )
[11:25] {Threei} really? wow...
[11:27] {_kenyee} what is your opinion on a capitulation bounce play on aks after .60 if holding .50 ?
[11:27] {Threei} it's a valid setup
[11:28] {Threei} if market helps any, should work
[11:28] {Threei} break of .50 for short is just as valid
[11:28] {_kenyee} ty
[11:29] {ese} just back.......i agree vad....theres something odd about this sell off...the news hasn't been that bad near as i can figure...
[11:29] {dino} ice wants 85 then bounce
[11:29] {Threei} oh, it's not news based at all
[11:29] {nemo} it's guidance
[11:29] {dino} rtp to 120ish, same idea
[11:29] {Threei} purely technical move
[11:29] {ese} course what do i know
[11:29] {BillyD} lol
[11:30] {dino} break of the 200 was bad es
[11:30] {Threei} I mean come on, with the move market made from March, it had to reverse at some point, right?
[11:30] {ese} yup
[11:30] {nemo} yeah, especially with fog going forward
[11:30] {Threei} bounce time, IMO
[11:32] {magoo} read AA vad?
[11:32] {ese} can't disagree with that dino but that smells like a bear trap to me........
[11:32] {Threei} .30 break, maybe... not really delighted
[11:33] {Threei} AA will be more active toward the close
[11:33] {jfjf64} agree ese
[11:33] {magoo} r or r day today vad..?
[11:33] {Threei} neither
[11:33] {Threei} bounce, then stall
[11:33] {dino} for most part, that 10 months week before exp. has been serious downside
[11:34] {dino} that=the
[11:34] {Threei} US Administration Official: Noone in administration speaking about a second stimulus plan
[11:35] {ese} only reason i say that dino is that ....that break didn't have the massive volume it should have had.......but? with the change in markets these days maybe it doesn't need it ....but i'm still thinking bear trap
[11:36] {Threei} something's off with me... RIMM .70 long, hesitated to call again... that's second one I see and refrain from calling
[11:37] {dino} same problem here 3i, as axe murderer says "untrusting"
[11:37] {BillyD} spooked???
[11:37] {BillyD} lol dino
[11:37] {dino} es, dk, timewill tell, gut says fill 4/28 gaps 8016,1361,855
[11:38] {dino} funny movie bd
[11:38] {ese} i'm spooked....but am still building a long position in intc for 19.00run
[11:39] {dino} just as crazy, i think esi does 98-100 for exp
[11:40] {jfjf64} c/h rimm ?
[11:40] {ese} thats a good bet////it's playing within a range
[11:41] {ese} esi that is
[11:41] {jfjf64} trigger.02
[11:42] {Threei} why not
[11:42] {jfjf64} half lot
[11:42] {Threei} use this pullback as inbdication of support for a stop placement
[11:44] {Threei} let it trade IMO
[11:44] {Threei} it has a good shot at 64.50
[11:45] {jfjf64} stop where
[11:45] {nemo} .80
[11:45] {Threei} I'd keep .85
[11:45] {nemo} whoa, stingier than me...that's a first
[11:45] {dino} kenyee aks l .60 stop .49
[11:45] {Threei} or .80
[11:45] {Threei} lol... sorry nemo
[11:45] {dino} lol
[11:46] {nemo} for what?
[11:46] {Threei} first for outstnigying you,
[11:46] {Threei} then for agreeing with your outstingued opinion
[11:46] {nemo} and an apology ahead of time for your typing
[11:47] {Threei} ummm
[11:47] {Threei} no, not really
[11:47] {nemo} yeah, you'd be apologizing ad infinitum for that
[11:47] {Threei} I am not making an apologies for my typing
[11:47] {nemo} take up all the internet bandwith
[11:47] {Threei} anyone intyerested in what I have to say has just make his peace with that
[11:48] {nemo} just for inconsequential conversation...RIMM's S2 on today's pivot point is right at 64.08
[11:49] {dino} ice missed me
[11:49] {Threei} what does it have to do with trading RIMM??
[11:49] {Threei} oh wait... it just might
[11:49] {magoo} itssimpler than that imo.,..if mkt rips will follow
[11:50] {nemo} possible if what you're saying is all these moves are following technicals instead of...
[11:51] {Threei} btw, stop is for sure under .90 now
[11:52] {jfjf64} ty
[11:54] {Threei} G8 agreed that $70-80/bbl is a fair price for oil
[11:54] {dino} aks stopped
[11:54] {nemo} I'm going to swear
[11:54] {Threei} me too
[11:54] {Threei} tiresome
[11:54] {Threei} and G8 is a gathering of idiots
[11:54] {BillyD} yea
[11:55] {Threei} teir agreement means a lot of oil I am sure
[11:55] {nemo} It gives OPEC the greenlight to squeeze
[12:00] {nemo} volume is solid so far today
[12:01] {Threei} US Senate Majority Leader Reid (D): Suggesting a doubling of the Natural Gas tax credit for gas fueled vehicles (related UNG CLNE F F.IT GMGMQ FSYS )
[12:02] {dino} do it
[12:09] {Threei} patternless moves...
[12:15] {BillyD} sheesh, refrained form AIG short off 14
[12:16] {BillyD} 13
[12:16] {nemo} forgot about them from yesterday
[12:17] {nemo} They're down 40% from the split, tee hee
[12:17] {BillyD} yeah, only 60% left...hehe
[12:17] {magoo} going to single digits
[12:18] {dino} indeed
[12:19] {Threei} T Boone Pickens clarifies certain wind farm press reports
[12:20] {Threei} AIG may have to do a reverse split once more? {G}
[12:20] {BillyD} roflol
[12:22] {nemo} Rimm testing support
[12:23] {BillyD} AIG can't short
[12:23] {nemo} kinda' not surprised...I think a lot of stocks are being shorted...couldn't short cat this morning
[12:23] {BillyD} yeah, I need to check them all first
[12:24] {Threei} if that's what indded is happening, we may see very abrupt and very brutal short squeeze soon
[12:44] {ese} off to the parkeveryone....see you all tomorow
[12:45] {nemo} thanks for the warning
[12:45] {ese} hey no prob..........
[12:45] {jfjf64} say hello to goofy enjoy
[12:45] {ese} will do........met him the other day
[12:45] {nemo} ese, why was Mickey pissed off at Minnie?
[12:45] {fernp} bye ese
[12:45] {nemo} too late
[12:49] {nemo} frickin amazon
[12:55] {Threei} (US) Fed's Evans: US economy is closer to a turning point (related EUR/USD TLT SHY )
[12:55] {nemo} Yeah, it's turning on an impaling spike
[12:56] {nemo} Reminds me of that scene in "300" when the emissary came to speak with the leader of the Spartans
[12:56] {nemo} amzn top?
[12:59] {nemo} Dino...on the sidelines today?
[13:01] {Threei} US) Fed's Evans: Fed is in "wait and see" mode on non-traditional measures; US economy is closer to a turning point than it was a few months ago; expects recovery in the second half of 2009
[13:01] {Threei} - TALF program is working as intended, helping to jumpstart ABS markets.
[13:02] {nemo} mmhhhh...that might jump things, if it doesn't nevermind it did
[13:02] {dino} rtp hit 120 and bounces
[13:02] {dino} nemo, just waiting for a setup
[13:03] {johnnyj} news
[13:03] {dino} wynn sm l .25
[13:03] {nemo} nice catch dino
[13:04] {dino} chickened out on rtp
[13:05] {Alw} AA c/h?
[13:06] {dino} hgrd spike
[13:07] {BillyD} took it off screen earlier due to low vol...
[13:08] {dino} penn holds well
[13:10] {magoo} we in anything vad? was elsewhere
[13:11] {Threei} no
[13:11] {Threei} aside of coma
[13:16] {Threei} great... here comes my 64.50 on RIMM, lol
[13:16] {Threei} US Rep Frank: To introduce legislation today regarding a consumer protection agency
[13:17] {Threei} EU's Barroso: USD will continue to be an important currency; needs to be a stable relationship between currencies
[13:17] {Threei} - Sees a discussion on currencies from G8 with the G5(France, Germany, UK, Japan, and US) at a meeting tommorow
[13:17] {Threei} White House Press Sec; G8 made significant steps on climate change
[13:17] {Threei} as in?
[13:18] {BillyD} now asthe mkt drudges up these stocks seem to have these little resistance areas that want to keep you from going long
[13:19] {Threei} bounce held back just enough to discourage me from trying it
[13:19] {Threei} shrug
[13:20] {BillyD} one of those capital preservation days
[13:20] {johnnyj} what's it like to be an ivestor, I wonder
[13:21] {BillyD} It's like putting your head in the sand
[13:21] {BillyD} I have a trading tfriend that does that
[13:21] {Threei} must be brutal
[13:21] {Threei} I have a better analogy Billy
[13:22] {Threei} it's like being an ostrich on a premises with conrete floor
[13:22] {Threei} concrete
[13:22] {BillyD} lol
[13:31] {dino} lol
[13:32] {magoo} no laughing..cant focus
[13:32] {magoo} u wanna laugh..dcc
[13:32] {Threei} sorry sir
[13:32] {Threei} we will behave sir
[13:33] {Threei} hmm... idea of us behaving makes me want to laugh
[13:33] {magoo} :)
[13:33] {Threei} and magoo won't allow
[13:34] {nemo} oh yeah, blame it on the blind cartoon character
[13:35] {magoo} ty cap'n nemo
[13:35] {nemo} np
[13:38] {_kenyee} Any room veteran willing to chat via PM (want to get perspective on your experiences)?
06[13:40] * Threei shyly raises his hand
[13:40] {BillyD} lol
[13:40] {BillyD} why not, u have most seniority
[13:41] {nemo} Yeah, and it's not like you might have some slanted perspective
[13:41] {Threei} I have another problem though
[13:41] {Threei} memory span of a moth...
[13:41] {nemo} O.K....what's your wife's name?
[13:41] {Threei} may render my memories from 2001 kind of vague
[13:42] {nemo} That's why you have the daily log
[13:42] {Threei} I am married??
[13:42] {nemo} Well, she is obviously
[13:43] {dptl} oh guys...i spilled my drink....
[13:43] {nemo} Have a drinking problem DP?
[13:43] {Threei} only when he has no drink handy
[13:44] {dptl} exzactly
[13:44] {Threei} spelling problem too
[13:44] {dptl} or eqzaktly
[13:44] {Threei} that woerd is spelled as EQZAKTLY
[13:45] {dptl} no....eeckzaktly
[13:45] {Threei} yeah, valid variation
[13:45] {dptl} :)
[13:45] {nemo} we spel fawnetikaly
[13:46] {Raven} sigh
[13:46] {nemo} oh supervision again
[13:47] {Raven} bout damn time
[13:47] {nemo} hell, I've gone without it for almost 50 years, why start now
[13:48] {Raven} time for some dicipline then
[13:48] {Raven} damn kids
06[13:49] * nemo unhosters trout
06[13:50] * nemo unholsters
[13:50] {nemo} rats...birds eat fish
[13:50] {nemo} FCX flirting with dropping through support and S1 pivot
[13:51] {nemo} amzn looking a bit week
[13:51] {nemo} weak
[13:51] {Raven} sushi ... YESSSS
[13:53] {nemo} .
06[13:53] * nemo dumps mercury down trout's throat
[13:54] {Raven} {----- gets his magnet
[13:54] {nemo} magnets work on mercury?
[13:54] {Raven} used to as I recall
[13:55] {Raven} your assignment is to verify that
[13:55] {nemo} haven't played with liquid mercury since Jr. High....wait...ohhhhhhh...that explains alot
[13:55] {Raven} and hurry up
[13:56] {Raven} I have a bottle of Hg in the next room
[13:57] {nemo} well you test it then
[13:57] {Raven} I am beyond that
06[13:58] * nemo gets 12 gauge
[13:58] {johnnyj} CNBC my source for critical mkt info
06[13:58] * nemo slaps johnnyj around a bit with a large television
[13:59] {magoo} showing somne good leg right now..volume ogff
[13:59] {johnnyj} looks like a short
[13:59] {nemo} who you showing your leg too?
[14:00] {johnnyj} experience trader like magoo hits the mute
[14:01] {nemo} he might be websurfing (wink wink)
[14:21] {Raven} {}
[14:23] {johnnyj} raise you {} {}
[14:24] {Raven} glad to see somebody is alive
[14:24] {magoo} R
[14:24] {magoo} A
[14:24] {magoo} V
[14:24] {magoo} E
[14:24] {magoo} N
[14:24] {Raven} sigh
[14:26] {dino} ice at 85s
[14:26] {dino} whoosh down coming imo
[14:27] {dino} out wynn .45, +.20
[14:27] {johnnyj} did you get paid in casino chips?
[14:28] {Threei} RU) Russian Official: An 80% cut in emissions by 2050 is 'unachievable'; Russia will not sacrifice growth
[14:28] {Threei} EQIX Comments on prior market rumors; notes is unaware of any accounting issues - filing
[14:28] {Threei} - On July 8, 2009, several investors contacted the Company to inquire about a rumor in the market re... (65.89, -2.76, -4.02%) more...
[14:28] {nemo} neither will china
[14:30] {Threei} we will commit economic suiciade for political correctness sake
[14:30] {Threei} nice EQIX
[14:30] {nemo}'s called leadership
[14:31] {Threei} most harmful things are being done under the banner "let's do the right thing"
[14:31] {nemo} whoa rimm taking off
[14:31] {nemo} what the
[14:31] {Threei} lol
[14:31] {Threei} RIMM Hearing upgraded at Canaccord Adams (timing uncertain) (65.20, -1.16, -1.75%)
[14:31] {Threei} shrt the hell out of it if this is the reason
[14:32] {dino} political correctness is ruining usa, plus what's correct about it, simply one party's feel good thoughts
[14:33] {nemo} I almost hope for anarchy
[14:33] {johnnyj} spike rimm
[14:33] {dino} it's starting around the world
06[14:33] * nemo slaps johnnyj around a bit with a large PAY ATTENTION!!
06[14:33] * magoo slaps johnnyj around a bit with a large trout
[14:34] {johnnyj} sry
[14:34] {Threei} [14:31] {Threei} short the hell out of it if this is the reason
[14:34] {Threei} how about that?
[14:34] {nemo} you short it Vad
[14:34] {BillyD} I did but too soon and got stopped
[14:34] {Threei} yes... covered too soon though
[14:34] {dino} only 72 pts on dji to go
[14:34] {Threei} .22 short, .96 cover
[14:35] {Threei} awww
[14:35] {Threei} now I am crying
[14:35] {BillyD} vad, did you short after it broke out to hit .34
[14:35] {nemo} well, not be logical or anything, but if it bounced from 64.40 on that one would say gravity had a way to go
[14:35] {_kenyee} faz near its high
[14:35] {Threei} no, on the way up
[14:35] {Threei} had .40 stop
[14:36] {nemo} .22
[14:36] {BillyD} ok, my stop to tight on hod
[14:36] {nemo} hod was 66.70
[14:37] {Threei} watch for short again
[14:37] {Threei} 65 loss
[14:37] {Threei} with stop above the high of this move
[14:37] {Threei} no... too far from there
[14:38] {magoo} lonf jpm .25
[14:39] {magoo} duh./15
[14:39] {magoo} amzn read vad?
[14:40] {Threei} long on pullback, most likely something like 76.90
[14:41] {magoo} woh tuoba AA
[14:41] {Threei} {AA} who are calling woh tuoba??
[14:41] {dptl} good evening all :)
[14:42] {Threei} take care dp
[14:42] {magoo} dimer jpm
[14:43] {dino} cya dp
[14:43] {magoo} .15
[14:43] {Threei} Preview: May Consumer Credit due out at 3pmET
[14:43] {Threei} ** consensus expectation: $10.9Be v -$15.7B prior
[14:43] {magoo} great
[14:43] {nemo} bounce in amzn coincided with rimm
[14:50] {johnnyj} that was a nice RIMM read... lesson is filed away
[14:53] {dino} ice v sm l .75
[14:53] {magoo} monster futes move..THE SQUEEZE
[14:54] {Threei} got AMAN on pullback mags?
[14:54] {Threei} AMZN
[14:54] {magoo} no..
[14:54] {magoo} took jpm.10 cut .37 TY
[14:55] {magoo} how about now}?
[14:55] {dino} these market spikes don't last long, just head fakes so far
[14:56] {Threei} watch NQ
[14:56] {Threei} can't tell in advance, it's not a tecxhnical move on its own merit
[14:56] {Threei} just market following
[14:58] {magoo} which?
[15:00] {Threei} MAY CONSUMER CREDIT: -$3.2B V -$8.5BE
[15:00] {Threei} - prior revised from -$15.7B to -$16.5B
[15:01] {dino} ice stopped -.40
[15:22] {Threei} AA is getting frisky...
[15:26] {BillyD} they have all been flirtatcious
[15:31] {BillyD} AA has EPS at close right?
[15:31] {johnnyj} die RIMM... shouts the stubborn trader
[15:32] {Threei} earnngs Billy
[15:33] {Threei} and guidance
[15:33] {Threei} btw, don't get spooked when you see FAS and FAZ tomorrow morning
[15:34] {BillyD} why
[15:34] {_kenyee} 10-1 reverse split
[15:36] {Threei} I would imagine someone seeing FAZ first thing in the morning and thinking financial sector has collapsed overnight
[15:37] {Threei} squeeze
[15:37] {magoo} out .27 AMZN
[15:37] {magoo} ty vad
06[15:37] * Threei slaps magoo around a bit with a large roll of cash
[15:37] {Threei} you are welcome
[15:38] {magoo} i am??
[15:38] {Threei} well... I feel guilty about wasting most of today
[15:38] {Threei} so I compensate it by abnormal politness
[15:38] {Threei} enjoy while it lasts because it won't
[15:39] {Threei} somehow couldn't get in market rythm today
[15:39] {Threei} and there was what to play
[15:43] {fernp} good evening everybody. see u tomorrow
[15:44] {Threei} take care fern
[15:44] {BillyD} bye fern
[15:44] {_kenyee} do you have a preference for ranging or trending market?
[15:44] {dino} i was off today too 3i
[15:44] {Threei} trending
[15:45] {Threei} that's odd dino
[15:45] {Threei} usually we balance each other out
[15:45] {dino} i know, troubles me
[15:45] {dino} got rinsed a few
[15:46] {dino} troubles me because these are my types of markets, and i have been underperforming last few days
[15:46] {dino} ppt action
[15:46] {Threei} good for them
[15:47] {dino} bizarro world
[15:47] {Threei} CME CEO: Oil prices are being affected by fundamentals - CNBC (265.46, -16.60, -5.89%) (related USO UNG )
[15:47] {Threei} say what?
[15:48] {Threei} lol
[15:49] {dino} nobody complains when oil is crashing
[15:49] {dino} but if it goes up manipulation
[15:49] {Threei} well, used to be opposite
[15:49] {Threei} up - sure, oil peaks, everyone knows that
[15:50] {Threei} down - ahh, "they" are trying to supress it
[15:51] {BillyD} Have a good one, cya tomorrow
[15:52] {Threei} not waiting to see AA Billy?
[15:52] {BillyD} u gonna play it maybe?
[15:52] {nemo} ppt can't let s&P close uner 880
[15:52] {Threei} well... if something clear appears
[15:53] {dino} 7 minutes nemo, lot can happen
[15:53] {BillyD} I'll stick around then
[15:53] {Threei} {PPT} you got it wrong captain... it's 666 we care about
[15:54] {dino} obama yelling, "scottie i need more power (money) or your fired"
[15:55] {Threei} and to a guy who operates the lighting: beam me up!
[15:58] {Threei} GMGMQ US bankruptcy judge states GM will exit bankruptcy with $48B in debt
[15:58] {Threei} hmmm
[15:59] {BillyD} economic ripple effect
[15:59] {Threei} checked just in case... AA is shortable
[16:00] {BillyD} good idea
[16:00] {dino} wow nemo, 880.22
[16:00] {dino} opps 879
[16:00] {nemo} not as dumb as I look
[16:00] {nemo} wow...vad is slow today
[16:01] {Threei} WPI Receives FDA Approval for Fruit and Cinnamon Flavored Coated Nicotine Gums
[16:01] {Threei} finally
[16:01] {BillyD} QQQQ ends at old resistance area
[16:01] {nemo} Worcester Polytechnic Institute?
[16:01] {Threei} woe
[16:01] {Threei} they hatlted AA
[16:01] {dino} a bang out of your bite
[16:02] {nemo} chinese bought them
[16:02] {BillyD} AA has 5PM EST CCall
[16:03] {Threei} AA Halted ahead of Q2 earnings release; reportedly 2010 capital plan reduces capex to $850M - headline only (9.46, 0.05, 0.53%)
[16:07] {Threei} DDUP
[16:07] {Threei} merger terminated
[16:08] {dino} gotta hop, tee time in 20
[16:08] {Threei} take care dino
[16:08] {dino} u2
[16:09] {BillyD} idea of AA opening then
[16:11] {Threei} yeah... let's drop the idea I guess
[16:11] {Threei} ewho knows how long they intend to hold it
[16:12] {BillyD} true...cya tomorrow
[16:15] {nemo} fcx moving up
[16:16] {nemo} crissakes up 1.50, then down 3, and back up 2...
[16:16] {nemo} look at the 5 minute chart
[16:17] {Threei} AA Reports Q2 -$0.26 v -$0.38e, R$4.2B v $3.93Be
[16:17] {Threei} - Q2 alumina after tax operating income -$7M v $35M q/q (-120% q/q)

Tuesday, July 7, 2009

Jul 07 2009

Nice day with RIMM and WFC longs, then RIMM short - all for good siezeable gains, and just couple small stops. Nothing to complain about.

Session Time: Tue Jul 07 00:00:00 2009

[08:11] {BillyD} gm
[08:11] {BillyD} I loike your topic
[08:11] {BillyD} like
[08:11] {nemo} been taking typing lessons from Vad?
[08:12] {BillyD} lol;
[08:26] {Threei} Good morning
[08:26] {BillyD} Vad :0
[08:26] {nemo} haroo
[08:27] {Raven} {}
[08:28] {nemo} been to Nevermore lately?
[08:28] {Raven} neveragain
[08:28] {Threei} \|/
[08:28] {nemo} Howe's Lenore?
[08:29] {Raven} disgusting
[08:29] {nemo} Oy weh....falling out, huh?
[08:29] {Raven} old bag
[08:29] {nemo} I get your drift
[08:29] {Raven} I try not to
[08:30] {Threei} *(CA) CANADA MAY BUILDING PERMITS M/M: 14.8% V 0.8%E
[08:30] {jfjf64} mornin all
[08:31] {Threei} jf :)
[08:36] {Alw} gm all
[08:36] {Threei} Alw :)
[08:37] {fernp} hello everybody
[08:37] {Threei} fern :)
[08:43] {Threei} GERN Hearing renewed takeover chatter circulating (7.91, 0.00, 0.00%)
[08:44] {Threei} sigh
[09:02] {_kenyee} Newbie here, trying to see if this is right for me, guidance and comments anyone?
[09:02] {nemo} Oh Oh
[09:03] {cosmo} stay calm?
[09:03] {nemo} do the trades Vad calls...
06[09:03] * Threei hides under the nearest rock
06[09:03] * nemo should listen to his own advice
[09:04] {_kenyee} Thanks, how long have you been in the room?
[09:04] {Threei} me??
[09:04] {nemo} oh, our sense of humor can be perceived we say...don't know what to say
[09:04] {nemo} since he woke up this morning
[09:04] {Threei} never mind... my sense of humor is strange
[09:04] {Threei} even to me
[09:05] {_kenyee} in terms of weeks or years
[09:06] {cosmo} hmmm....10 years?
[09:06] {nemo} If you ask anybody here I've been here too long
[09:07] {Threei} nah nemo, we are still willing to tolerate you
[09:07] {Threei} cosmo... RT's inception is 2000... math is not your strongest suit?:)
[09:08] {Raven} details
[09:08] {cosmo} but... it is
[09:10] {cosmo} still trying to grasp the metaphysics....
[09:11] {Threei} metaphysics? I am still trying to make my peace with the concept of gravity...
[09:11] {_kenyee} Threei, yesterday you called Rimm short after .25 if holding .30, does that mean short at .25 and stop loss at .30?
[09:11] {_kenyee} Sorry Cat
[09:11] {Threei} I think that was CAT
[09:11] {Threei} yeah
[09:11] {Threei} stop is above .30 in such cases,
[09:11] {Threei} meaning if stock breaks .30
[09:12] {_kenyee} that's a tight stop
[09:12] {cosmo} 3i...the natural resting state of the universe is 'freefall' .... did you know?
[09:12] {Threei} that was particularly nice setup
[09:12] {Threei} not always we get it that good
[09:13] {Threei} is it cosmo?... mine is "deep sleep"...
[09:13] {_kenyee} does anyone beside Threei trade for a living as their main source of income?
[09:13] {cosmo} ah...that's similar
[09:13] {Raven} chaos ... like this room
[09:13] {dptl} good morning all
[09:14] {Threei} dp :)
[09:14] {magoo} guvyfiuyfjyf
[09:14] {Threei} magoo :)
[09:15] {Threei} MTXX sees some interest this morning
[09:17] {magoo} anuy others boss
[09:17] {nemo} Hey mags
[09:17] {magoo} cap'n :)
[09:17] {Threei} GERN another round of buyout rumors...
[09:18] {magoo} crap
[09:18] {Threei} quiet morning
[09:18] {magoo} that one ugh
[09:23] {nemo} Ya' know, it's psychology damaging to me when I walk through the fishing department in sporting goods stores
[09:23] {nemo} speaking of psychologically damaged, look who just signed in
[09:24] {ese} gm.....lousy internet service here at Disney..........we'll see what happens
[09:24] {Threei} JAZZ ompletes $7 Million Private Placement (3.63, 0.00, 0.00%)
[09:24] {Threei} ese :)
[09:24] {dino} gm all
[09:24] {BillyD} CHLN any news?
[09:24] {nemo} in "land" or "world" ese?
[09:25] {dino} kenyee, yes
[09:25] {Threei} dino :)
[09:25] {_kenyee} thank you
[09:25] {Threei} CHLN Guides Q2 Rev $23.9M v $14.4Me (3 est) (5.20, 0.00, 0.00%)
[09:25] {BillyD} ty
[09:26] {Threei} ese, when are you coming back?
[09:27] {ese} will be back thursday afternoon
[09:27] {ese} hey nemo disneyland
[09:27] {dino} es, turn the computer off an enjoy vacation
[09:28] {nemo} He's gotta' get his fix, otherwise he has to go play with the kids
[09:28] {ese} can' bstop for INTC at .85 was hit.....i'm in
[09:30] {nemo} and their off.....
[09:33] {cosmo} HNSN
[09:33] {Threei} lousy guidance yesterday
[09:33] {cosmo} i know
[09:34] {nemo} whoa fcx just went through the trap door
[09:34] {magoo} big pullbk jpm vad
[09:35] {Threei} all ginnies
[09:35] {Threei} I'd prefer WFC
[09:35] {nemo} you mean finnies
[09:35] {Threei} JOPM is even nastier
[09:35] {Threei} yeah, those
[09:35] {nemo} thought you' switched from vodka
[09:36] {Threei} jpm
[09:36] {Threei} .40 is holding so far
[09:36] {Threei} one more pullback
[09:36] {Threei} now .55 is long trigger
[09:36] {Threei} just keep size modest
[09:37] {Threei} half lot
[09:37] {Threei} atop under .40
[09:37] {Threei} invalidated
[09:40] {jfjf64} dfs .47 l
[09:41] {Threei} Long Setup: RIMM .70 half lot
[09:41] {jfjf64} invalid
[09:41] {Threei} if stays above .50
[09:42] {KSystems} morning!
[09:42] {Threei} KS :)
[09:43] {Threei} RIMM 1:1
[09:43] {Threei} scalpers are out, day traders half out
[09:44] {BillyD} ty Vad RIMM
[09:44] {Threei} welcome
[09:44] {magoo} i am out TY
[09:44] {magoo} when uj say goin inn
[09:45] {Threei} poetry? that early in the morning?
[09:45] {Threei} what is this room coming to...
[09:45] {magoo} when u say JP..i say ..maybee
[09:45] {Threei} stop to .65 second half of RIMM
06[09:45] * nemo slaps magoo around a bit with a large sledge hammer
[09:46] {Threei} thank you nemo
[09:46] {nemo} subtlety just wasn't going to suffice
[09:46] {Threei} no, not with magoo
[09:47] {wulff} off goes MRVL
[09:47] {jfjf64} dfs
[09:47] {Threei} Attention: RIMM offer second half at 61.08 who held it
[09:48] {Threei} 69.08 is more like it
[09:48] {Threei} direct hit
[09:48] {BillyD} good read vad
[09:48] {Threei} my a$$ is out
[09:50] {_kenyee} do you use limit orders to enter?
[09:50] {nemo} 90+%
[09:51] {magoo} always
[09:51] {_kenyee} ty
[09:53] {Threei} ugh... WFC
[09:53] {wulff} just saw that myself
[09:54] {Threei} AIG
[09:54] {Threei} dive under .50 is long
[09:54] {Threei} .40 nearest support
[09:55] {Threei} first strength from here
[09:55] {Threei} in
[09:55] {Threei} .49
[09:55] {magoo} .49
[09:55] {Threei} stop under .40 for scalpers
[09:55] {Threei} under .35 for day trade
[09:56] {Threei} no worky
[09:56] {Threei} OK, WFC
[09:56] {Threei} seems to be coming back for us
[09:56] {BillyD} relentless in selling pressure
[09:56] {Threei} .15 - .20 zone should be it
[09:57] {Threei} reverse split didn't work too well for AIG eh?
[10:01] {Threei} market is still selling
[10:01] {Threei} waiting for it to strengthen, WFC is where we wanted it
[10:03] {Threei} .20 break long
[10:04] {_kenyee} what is stop?
[10:05] {Threei} .14 low of this pullback... so .13 for very stingy, under .10 is more like it
[10:08] {Threei} not a scalp for me, will try to partial
[10:08] {Threei} offering 1/2 .33
[10:09] {Threei} STSI Files Motion for Judgment/New Trial in Patent Infringement Lawsuit against RJ Reynolds, Announces Retention of Carter G. Phillips, Esquire as Appellate Counsel
[10:09] {Threei} - trial counsel has filed a motion for Judgment as a Matter of Law and In the Alternative, for a Ne... (1.12, 0.13, 13.13%) more... (related RAI )
[10:10] {Threei} hardcore scalpers have 1:1 on WFC
[10:10] {Threei} market weakens again
[10:11] {Threei} out 1/2 .30
[10:11] {Threei} stop to .15
[10:12] {Threei} Strength in healthcare stocks (particularly HMOs) attributed to further chatter today about Democrats moving closer to striking deals on healthcare plans
[10:12] {Threei} - WSJ reported this morning that the White House Chief of Staff said reiterated that the Administration is willing to be flexible on healthcare reform as long as the deal gets done. He stated that "the goal is to have a means and a mechanism to keep the private insurers honest", but that the path to achieving the goal is negotiable.
[10:12] {Threei} - further overnight, following up on reports from last month, word came that hospitals are getting closer to an agreement with the Chairman of the Senate Finance Committee Max Bauchus (D). The latest report indicates hospitals are willing to agree to lower than expected payments for Medicare and Medicaid.
[10:12] {Threei} - overnight, Senator Grassley did question the timing of any healthcare bill, stating the vote may not come in the Senate before the August recess as has been targeted, but he still expect the legislation to pass this year.
[10:16] {BillyD} WFC holds pretty well considering
[10:16] {BillyD} I am out already
[10:17] {Threei} so far so good
[10:17] {Threei} nneds market help
[10:18] {Threei} but havng it secured I am confortable holding half
[10:18] {BillyD} peace of mind lol
[10:18] {Threei} market help is rare commodity these days eh? :)
[10:18] {BillyD} no kidding
[10:18] {Threei} US President Obama: A Public insurance plan is the best path forward to 'keep health insurance companies honest' (related IYH )
[10:19] {jfjf64} c/h dfs vad any read there
[10:19] {Threei} doesn't feel like a lot of potential here jf
[10:19] {Threei} I am not jazzed about it
[10:20] {BillyD} speaking of JAZZ
[10:20] {jfjf64} lol
[10:21] {Threei} MGM and LVS... where else the activity goes, lol
[10:22] {Threei} okay
[10:22] {Threei} offering 1/4 more .38
[10:23] {Threei} hit
[10:23] {Threei} stop to .19 for the last piece
[10:24] {Threei} [09:56] {Threei} .15 - .20 zone should be it {--- bow's that for precision?
[10:24] {Threei} or for my typing for that matter
[10:24] {nemo} $.05
[10:25] {nemo} How's the shoulder?
[10:25] {Threei} just fine, thank you
[10:25] {Threei} in its customary position
[10:29] {dino} sm risky l esi .50 stop lod
[10:30] {dino} watching wynn, shld dltr, deck
[10:33] {Threei} done with last piece of WFC
[10:34] {tomg} nice call wfc, vad, ty
[10:34] {Threei} :)
[10:42] {Threei} SQNM Strength attributed to report that a company official stated Monday that SQNM still plans to expand its Grand Rapids laboratory as it awaits outcome of SEC probe
[10:42] {Threei} - A Michigan based press report cited an official of the company who stated plans would go forward f... (3.61, 0.25, 7.44%) more...
[10:43] {Threei} Long Setup: WFC .10 break
[10:43] {Threei} stop under .05
[10:45] {Threei} just a scalp this time most likely
[10:48] {Threei} no worky WFC this time
[10:49] {nemo} might be a short that last dip brought it through it's close from yesterday, support @ .99
[10:51] {magoo} GS AIG trying so wfc might
[10:52] {Threei} could be... it's just that things become a bit random
[10:54] {magoo} definately getting harder
[10:56] {Threei} see these up and down with no pattern whatsoever?
[10:56] {Threei} this is what I want to stay away from, it's a chop chop that will cost you stop after stop
[10:56] {dino} esi to .92
[10:57] {dino} stopped +.40 slippage
[11:01] {BillyD} Vad, any thoughts on DFS short on .25 break
[11:02] {BillyD} seems to have daily support in low 9's
[11:02] {dino} amag gives it back today
[11:02] {BillyD} wondering if worth potential
[11:02] {Threei} looks right billy
[11:02] {dino} imo, eyes on 5s and 0s this week, option exp next
[11:03] {ese} nice trade esi dino
[11:04] {nemo}
[11:05] {jfjf64} wfc broke
[11:06] {Threei} SQNM may be has some fuel
[11:06] {dino} ty es
[11:06] {nemo} just hit VWAP see if it breaks that
[11:06] {Threei} makes new highs slowly and steadily
[11:08] {dino} shocking, it's raining here again
[11:09] {nemo} yeah, here too
[11:14] {dino} qcom sm l .25
[11:15] {dino} met l .24
[11:21] {Threei} Two people familiar with closed-door talks by committee Democrats said a House bill probably will include a surtax on incomes exceeding $250,000, as Congress seeks ways to pay for changes to a health-care system that accounts for almost 18 percent of the U.S. economy.
[11:21] {Threei} okay guys, I am opening an asylum for fugitives
[11:21] {nemo} household incomes
[11:24] {dino} moving to canada
[11:25] {nemo} yeah, but after the trader tax, what market are we going to trade? So, do we move to Vancouver or Nova Scotia?
[11:26] {Threei} Vancouver is dangerous place - you have to outdrink dp in order to be lt in, and that's not a small feat
[11:27] {Threei} MTXX
[11:27] {nemo} Ehhh...I can drink well enuff, it's the frickin' hangover..oy weh
[11:27] {dptl} yeah :)
[11:27] {dino} hmmm, is that a double dog dare?
[11:27] {nemo} tsk tsk...that's a breach of etiquette
[11:29] {Threei} market feels like something's brewing... not likely to stay as narrowly locked as yesterday
[11:29] {Threei} breakdown, IMO
[11:30] {johnnyj} feels like another leg down
[11:30] {dino} met stopped -.25
[11:30] {Threei} Short Setup: RIMM 68 break
[11:30] {johnnyj} goog aapl rimm
[11:30] {Threei} if stays under .15
[11:31] {johnnyj} wrong time of day imo for any big move
[11:32] {nemo} shit, I look @ mirc and RIMM breaks
[11:32] {BillyD} lol...same here
[11:33] {nemo} we'll blame johhny..he posted as it broke
06[11:33] * nemo slaps johnnyj around a bit with a large somethin'
[11:34] {Threei} in case you don't know, there are ladies in the room
[11:35] {nemo} what's your point?
[11:35] {Threei} ummm... language?
[11:35] {nemo} xcuse me...let me rephrase...poopie, I look @mirc an RIMM breaks
[11:35] {Threei} sigh
[11:35] {johnnyj} all 4 letter nasdaq are profane
06[11:36] * Threei slaps nemo around a bit with a large diaper
[11:36] {dptl} lol
[11:36] {nemo} How'd you know I wear Depends?
[11:36] {nemo} too much info, huh?
[11:37] {johnnyj} incontenance is common job related issue with daytraders
[11:37] {dino} nasty
[11:37] {Threei} how come I learn so much every day in this room...
[11:38] {ese} incontenance....huh?
[11:38] {Threei} RIMM 1:1
[11:38] {jfjf64} sales 101 like it
[11:38] {jfjf64} ya da man
[11:38] {jfjf64} ty rimm
[11:38] {Threei} sure
[11:39] {jfjf64} ty vad
[11:39] {johnnyj} .70 RIMM important imo
[11:39] {ese} hang on a back in a second....have to go to the bathroom
[11:39] {Threei} I should have put it this way: I learn a lot of things I never wanted to...
[11:39] {jfjf64} ditto
[11:40] {Threei} oh, and somehow nemo is a prevalent supplier of those bits of information, lol
[11:40] {jfjf64} trout for all
[11:40] {ese} nemo "IS" a bit of information
[11:40] {Threei} who partials RIMM{ stop to above 68 for the balance
[11:41] {Raven} {}
[11:41] {Threei} you tell them Raven
[11:41] {Raven} }{
[11:41] {Threei} I lost hope
[11:41] {Threei} they are insufferable
[11:42] {jfjf64} hpq s.99
[11:42] {johnnyj} aapl Vad? any feels?
[11:43] {Threei} it's mirroring market and RIMM...
[11:43] {Threei} I wouldn't be opening new short position here
[11:43] {Threei} and don't feel it's safe to go for a bounce
[11:43] {jfjf64} hpq vad
[11:43] {johnnyj} thx
[11:44] {Threei} same comment jf
06[11:44] * nemo feels abused
[11:44] {Threei} riding existing short with half protected is one thing
[11:44] {jfjf64} ty
[11:44] {Threei} opening new p;osition is very different
[11:44] {Threei} welcome to my world nemo
[11:45] {Threei} watch what RIMM does here to get a feeling for what I mean
[11:46] {Threei} bounce would not be a good play here obviously,
[11:46] {Threei} but general weakness while causes some new downticks, is not enougyh to open short
[11:47] {Threei} meanwhile, if you have half of position opened 25 cents ago, and other half is already protected, it feels reasonable and safe
[11:47] {Threei} (US) Rep Hoyer: Need to be open to possibility of additional fiscal stimulus spending (related EUR/USD )
[11:47] {Threei} what the deuce
[11:47] {Threei} are they sane?
[11:48] {nemo} They'll just print more, and no they aren't
[11:48] {nemo} Economic idiots
[11:48] {Threei} this "stimulus" isn't realized and part that is hasvn't done anything,
[11:48] {Threei} so let's do another one
[11:49] {nemo} well, the stimulus bill was only that in name. It basically restored spending the Bush admin had cut. Also the "stimulus bill" is spread over 10 years
[11:49] {Threei} now nemo... why would you type "economic" in front of perfectly valid definition?
[11:49] {jfjf64} mean while chargin consumer 27 percent on bank cards
[11:49] {Threei} 1:2 RIMM
[11:49] {johnnyj} 1/2 out RIMM
[11:50] {johnnyj} lunch is tough hour
[11:50] {Threei} and yet... trades are working
[11:50] {ese} OK....i give up.......seems to be no reason for down market today.......whats all of YOUR considered opinions?
[11:50] {johnnyj} yes
[11:51] {Threei} feel for breakdown coming helped
[11:51] {johnnyj} do not look for reasons..
[11:51] {Threei} ese... since when market needs a reason?
[11:51] {jfjf64} depends how ya spend lunch hour
[11:51] {ese} true
[11:51] {ese} so we could be heading for another up day by the end of it
[11:52] {ese} turnaround tuesday as dino puts it
[11:52] {Threei} technically speaking and looking at daily,
[11:52] {jfjf64} yup
[11:52] {nemo} Ahhh, the economy...errr...can't say that...ah..let's see...yes...funnels a pressure differential through a confined orifice
[11:53] {Threei} we formed something like head and shoulders (mind you, questionable anatomy from beauty point of view),
[11:53] {jfjf64} dont forget coverage on michael
[11:53] {nemo} geez...we're really going off the track today
[11:53] {Threei} and forming something like inverted C&H (again, no china master would be proud)
[11:54] {johnnyj} missed qcom quality dump
[11:54] {Threei} lower high too
[11:54] {ese} who is belle? We ran into here infront of the disney castle yesterday
[11:54] {johnnyj} great flag there
[11:55] {ese} Michael Jackson funeral.........that would drive the market down....
[11:56] {nemo} oy...ese...go play
[11:56] {_kenyee} when you call a trade the stop is if 'below x price' for short and 'above x price' for long, is that correct?
[11:56] {johnnyj} GOOG under 400 is interesting bellweather to me
[11:57] {Threei} opposite
[11:57] {Threei} if you short, stop is above resistance
[11:57] {Threei} if long, below support
[11:58] {johnnyj} market is moonwalking
06[11:58] * nemo slaps johnnyj around a bit with a large copy of Thriller
[11:58] {magoo} explain jonny
[11:58] {johnnyj} vinyl hurts
[11:58] {jfjf64} lol
[11:58] {Threei} stop is exit on a loss side... profit taking is exit of positive side
[11:59] {johnnyj} moonwalking.... aimed forward... moving back
[11:59] {_kenyee} for RIMM when you said 'under .15' what did you mean?
[11:59] {nemo} if RIMM stays under 68.15 that was the stop
[11:59] {Threei} [11:30] {Threei} if stays under .15
[11:59] {Threei} meaning:
[11:59] {Threei} .15 is resistance level,
[11:59] {_kenyee} ty
[11:59] {Threei} if it gets broken before trade is triggered - trade is invalidated
[11:59] {Threei} if after - trade is stopped
[12:00] {jfjf64} vad i thought ya hv sm MJ music playin in backround today for ya students
[12:00] {nemo} His wife would kill him
[12:00] {Threei} I am rather Tom Waits type
[12:01] {johnnyj} sell car and short 2 shares GOOG
[12:02] {vinod} good afternoon to all
[12:02] {Threei} vinod :)
[12:02] {johnnyj} RIMM
[12:02] {johnnyj} new leg
[12:04] {johnnyj} cruel slow lunch hour
[12:04] {magoo} im thinking time to go long everything
[12:04] {Threei} feeling suicidal today?
[12:04] {ese} i'm with ya there mags
[12:04] {magoo} holds yesterday lows
[12:05] {johnnyj} actually ia ma looking for one more leg then i am long
[12:05] {magoo} [12:04] {&Threei} feeling suicidal today?
[12:05] {johnnyj} i am
[12:05] {magoo} always vad
[12:05] {Threei} okay then
[12:05] {Threei} long GOOG
[12:05] {ese} been watching this pattern in drys most of the days and am starting to think about building a long position here
[12:05] {Threei} 5K
[12:05] {nemo} with a $70 stop
[12:06] {johnnyj} any $ left over for lunch?
[12:06] {BillyD} lol
[12:06] {Threei} you still have RIMM johnny?
[12:06] {johnnyj} Vad shakes vending machine after depositing lst quarter
[12:06] {Threei} lol
[12:06] {johnnyj} 1/2 still short
[12:06] {magoo} long aapl .29
[12:07] {johnnyj} took half at .70
[12:07] {Threei} I'd trail stop to above .85
[12:07] {Threei} here we go new low
[12:07] {Threei} bid 1/4 more .55
[12:07] {johnnyj} busted stock imo... gonna ride it for a bit... just a feel
[12:08] {magoo} AIG trying vad..any read??
[12:08] {Threei} 1:3 RIMM
[12:08] {Threei} beautiful
[12:09] {Threei} no mags
[12:09] {Threei} sorry but I already took that GOOG trade because of you
[12:09] {Threei} US) House Majority Leader Hoyer (D): Need to be open to possibility of additional fiscal stimulus spending; health care reform must be 'paid for'; with all options on table
[12:10] {Threei} almost 1:4 RIMM
[12:10] {magoo} sacraledge..but i think rimm bounce time
[12:11] {johnnyj} if .24 I will play short cover bounce
[12:12] {magoo} my read depends on mkt upward rip
[12:12] {johnnyj} 1/2 out at .40 plan
[12:12] {johnnyj} i mean 1/4 original trade
[12:13] {Threei} magoo's song when entering long for bounce:
[12:13] {Threei} So please call my missus
[12:13] {Threei} Tell her not to cry
[12:13] {Threei} 'Cause my goodbye is written
[12:13] {Threei} By the moon in the sky
[12:13] {Threei} And nobody knows me
[12:13] {Threei} I can't fathom my stayin'
[12:13] {Threei} Shiver me timbers
[12:13] {Threei} I'm a-sailin' away
06[12:14] * nemo cracks...crawls in cave, closes door, pulls blanket over head
[12:14] {jfjf64} stick to trading vad
[12:14] {jfjf64} lol
[12:14] {johnnyj} johnny waving lighter in air... calling for encore
[12:14] {magoo} what the.....
[12:14] {Threei} sigh... me is so underappreciated
[12:14] {ese} hey....i thought it sounded good.......
[12:14] {Threei} thank you ese
[12:15] {ese} you might not make my R&B band if you auditioned...but it was a good shot
[12:15] {Threei} poor Tom Waits... lol
[12:15] {johnnyj} market can go down with no volume...
[12:16] {jfjf64} who is tom waits
[12:17] {ese} vad ...what do you make of this 1 min chart for drys........look like some accumulation going on here
[12:17] {ese} i like the fact it ain't goin with the market at this point
[12:17] {johnnyj} Al Franken.... the apocolypse is here
[12:18] {nemo} 3 more years
[12:18] {Threei}
[12:18] {Threei} not enough information yet ese...
[12:18] {Threei} this chart can turn eother way
[12:18] {ese} tks
[12:18] {ese} will wait
[12:20] {ese} watching the way this thing has operated the last 8 months gives me the "it's time to buy a load feeling"
[12:21] {ese} it's got that FITB feel to it for me when i was making all that money with fitb
[12:21] {Threei} quite possible,
[12:21] {Threei} same thing UAUA
[12:21] {ese} i'll check that out
[12:22] {ese} ya definately there as well
[12:27] {johnnyj} RIMM a bit more then bounce..
[12:28] {Threei} RIMM is 1:5
[12:28] {Threei} more than nice for a lunch time
[12:28] {johnnyj} out and now long...
[12:28] {johnnyj} last 1/4 .75 nice
[12:29] {Threei} yeah, for 15 cents risk?
[12:29] {dino} rimm gap around 58
[12:29] {Threei} noty sure it's time to go long yet though
[12:29] {Threei} may work... just not very compelling
[12:29] {johnnyj} i know... just a feel...
[12:29] {johnnyj} can't justify
[12:30] {Threei} don't have to
[12:30] {Threei} wait... you must
[12:30] {johnnyj} 500 word essay
[12:31] {Threei} JBLU Reports June load factor 80.3% v 77.8% y/y (4.09, -0.05, -1.21%) '
[12:34] {johnnyj} I do appreciate your feedback Vad... I am cautious in light of your advice
[12:35] {Threei} well, ultimately it all comes to risk control...
[12:43] {johnnyj} out 1/2 RIMM long .26
[12:45] {Threei} wtg
[12:49] {johnnyj} 1/4 out .50 RIMM
06[12:49] * Threei slaps johnnyj around a bit with a large roll of cash
[12:50] {johnnyj} feels good
[12:50] {jfjf64} johnny j is back
[12:51] {jfjf64} better then viagra
[12:52] {Threei} I am telling you...
[12:52] {Threei} learning never ends {G}
[12:53] {ese} out to disney all....see you all son son is going to do the JEDI training session this morning take care
[12:53] {jfjf64} enjoy ese
[12:54] {ese} cya jf
[12:54] {johnnyj} and remember.. that guy in the Mickey Mouse suit is a former realtor
[12:54] {BillyD} lol
[12:54] {ese} are you serious?
[12:54] {BillyD} rflol
[12:54] {johnnyj} mortgage broke
[12:54] {ese} ese...takes the bait
[12:54] {johnnyj} broker
[12:55] {ese} cya
[12:55] {BillyD} have fun ese
[12:55] {dino} sm pru l .00
[12:56] {Threei} take care ese, have fun
[12:59] {Threei} Clean Energy Fuels Strength attributed to upcoming debate on Natural Gas fuel bill in the US Senate
[12:59] {Threei} - in a note earlier today, Lazard noted "the Senate version of the NAT GAS Act is expected to be introduced on Wednesday, by Senators Robert Menendez (D-NJ) and Orrin Hatch (R-UT).
[12:59] {Threei} The bill is expected to be similar to the House of Representatives New Alternative Transportation to Give Americans Solutions Act of 2009 (NAT
[12:59] {Threei} GAS Act; HR 1835), introduced in April of this year, calling for an extension of the vehicle and station tax credit as well as the natural gas fuel credit."
[12:59] {Threei} - CNLE may also be getting a boost from an appearance by one of its largest sharesholders, T. Boone Pickens, on CNBC this morning, once again touting his plans for natural gas as an alternative fuel source for cars.
[13:00] {Threei} internal contradiction for me... I like the natural gas idea and I hate to go along with Pickens, lol
[13:02] {Threei} - indirect bidders take 54% of competitive bids
[13:02] {Threei} - notes draw 1.519% with 76.3% allotted at high
[13:02] {Threei} TBT up on that, TLT down
[13:02] {Threei} some day I'll learn how to read these numbers
[13:06] {dino} go nat. gas
[13:08] {Threei} AA Exec: Global demand is recovering; China is 'clearly out of the woods' (9.25, -0.01, -0.11%)
[13:10] {Threei} wow AA
[13:10] {Threei} didn't expect it to move on such generality
[13:10] {nemo} everything is moving
[13:11] {nemo} RIMM, FCX PRU cat
[13:11] {Threei} they all move with market
[13:11] {Threei} AA moves on this particular headline, and in muc bigger proportion
[13:12] {Threei} it reports tomorrow
[13:13] {Threei} that's probably the reason... this is being taken as guidance raised most likely
[13:14] {johnnyj} done with RIMM lst 1/4 1.01 not greedy
[13:15] {Threei} gj
[13:17] {dino} hmmm 886 holds again (so far)
[13:18] {Threei} beauty of polls is, they let you know exact % of idiots:
[13:18] {Threei} Just 27% Favor Second Stimulus Plan This Year
[13:23] {Threei} sheesh AA
[13:24] {dino} only 10% of first has been issued and they want a second, unbelievable
[13:28] {magoo} u see RTICK?
[13:28] {magoo} RICK
[13:29] {Threei} Tuesday, July 07, 2009 9:01:29 AM
[13:29] {Threei} Rick"s Cabaret International Inc. Reports June SSS +0.25% y/y
[13:29] {Threei} - Q2 SSS -5.5% y/y
[13:29] {Threei} - Q2 Total rev $20.7M (+30.3% y/y) v $18.4Me
[13:30] {dino} schn moving
[13:30] {dino} ahhh rick
[13:30] {magoo} dino favorite
[13:31] {dino} lol
[13:33] {johnnyj} completely missed the JAZZ action today...
[13:36] {johnnyj} oh my AA
[13:39] {Threei} World Bank's Zoellick: All world leaders should commit to Doha round; US should take USD comments seriously and address its fiscal position
[13:44] {Threei} UNG Trading halted; news dissemination (12.64, 0.08, 0.64%)
[13:46] {Threei} Representative of US commodity fund commented that did not have any information regarding the halt of this ETF; would later issue a PR
[13:46] {Threei} wow
[13:46] {Threei} what the deuce
[13:53] {Threei} United States Natural Gas Fund On July 6, 2009, the United States Natural Gas Fund, LP (UNG) announced in a current report on Form 8-K that only 32,100,000 of its units registered with the Securities and Exchange Commission (the SEC) were available for purchase by UNGs Authorized Purchasers.
[13:59] {Threei} AA becomes interesting
[14:00] {Threei} one more sharp leg down, and bounce play will be in order
[14:05] {jfjf64} lot of green stock not movin
[14:06] {_kenyee} do you look at the general market when trading?
[14:06] {jfjf64} hmm
[14:06] {nemo} put pieces of paper on wall with tickers...throw darts
[14:07] {jfjf64} listen to beat it by MJ
[14:07] {jfjf64} LOL
[14:07] {nemo} different when trading financials often used fas or faz
[14:07] {nemo} watch qs spy
[14:07] {jfjf64} vad aayet
[14:09] {johnnyj} certainly you want to know how your target stock correlates to different markets
[14:09] {johnnyj} mute CNBC
[14:11] {johnnyj} GOOG can't hold 400 ... why do I care?
[14:14] {fernp} AA formed double bottom
[14:23] {dptl} have a good evening all
[14:23] {Threei} take care dp
[14:24] {Threei} _kenyee... yes, as a general directional guidance
[14:26] {_kenyee} ty
[14:28] {Threei} Senate Majority Leader Reid (D): There is no need for a second stimulus plan
[14:28] {Threei} we know, tank you
[14:28] {Threei} Note that earlier in the session, House Majority Leader Hoyer (D) said need to be open to possibility
[14:33] {johnnyj} UNG
[14:34] {dino} ndx -5.5% since july 1 high
[14:36] {magoo} any good reports tonite vad?
[14:38] {Threei} nope
[14:38] {Threei} VIMC is reporting
[14:38] {Threei} lol
[14:50] {Threei} yawn
[14:50] {Threei} (US) Reportedly Senate panel is considering alternatives to taxing healthcare benefits (related IYH )
[14:50] {Threei} ummm
[14:50] {Threei} scared to think of alternatives
[14:51] {Threei} I can just see senators going "well, let's tax... ummm (looking around) for instance... ummm"...
[14:52] {_kenyee} r u still looking a AA?
[14:53] {Threei} AA will probably be a player tomorrow, before earnings
[14:53] {Threei} today, I would feel safer with it if it dropped into .40
[14:53] {johnnyj} TECH IS SLIPPING AWAY HERE
[14:54] {johnnyj} sry about caps
06[14:56] * nemo slaps johnnyj around a bit with a large copy of mirc trading room etiquette
[14:58] {Threei} lol
[14:58] {johnnyj} left hand has a white sequined glove.. accidently hit cap lock
[14:58] {Threei} feel right at home johnny?
06[14:59] * nemo not touching that one
[14:59] {johnnyj} market sick
[14:59] {Threei} it's actually easier than yesterday
[14:59] {Threei} inactive still,
[15:00] {jfjf64} vad wfc break .60 ?
[15:00] {Threei} but we got this nice downdraft which we could read and utilize
[15:00] {Threei} unlike yesterday's prolonged lock-up period
[15:00] {Threei} if holding .50 jf?
[15:00] {jfjf64} y
[15:01] {jfjf64} ty
[15:01] {Threei} not actual anymore
[15:02] {johnnyj} boredom, then at 14:52 selling.. can't react
[15:02] {BillyD} watching AIG for possible LOD break
[15:03] {johnnyj} lod everywhere
[15:05] {jfjf64} big downdrift
[15:07] {_kenyee} is the last hour of trading any different than the rest of the day?
[15:07] {Threei} often a bit more active than lunch time
[15:08] {johnnyj} Vad is sharpenining canine teeth, readying for close
[15:09] {Threei} canine's resisting and trying to break away
[15:10] {jfjf64} .50wfc vad
[15:11] {Threei} not delighted...
[15:11] {johnnyj} feels like bounce players are done with this market
[15:13] {dino} gut feel is we are going for gap fills at 8016, 1361, 855. not today but imo before expiration
[15:15] {Threei} daily is downward-looking, I agree
[15:15] {dino} since june highs dji -8%; ndx -7%; s/p -8%
[15:15] {magoo} seems to me are are oversold...but hey...i suk
[15:15] {Threei} donwward-facing dog
[15:16] {BillyD} lol magoo
[15:16] {Threei} American International Group, Inc Reportedly loses a $4.3B lawsuit against former CEO Greenberg
[15:16] {Threei} - AIG had accused Greenberg's Starr International of breaching an unwritten trust for deferred compensation for AIG employees
[15:16] {dino} short term i agree magoo, -5.5% ndx in 3 trade days
[15:17] {dino} but gut feels gap fill in the making
[15:17] {magoo} agree
[15:17] {magoo} it ugly and manipulated
[15:18] {johnnyj} there was some decent trading/speculating today.... love to see some capitulation...
[15:18] {magoo} smells like conspiracies everywhere to hit levels
[15:19] {magoo} foolery abounds
[15:20] {johnnyj} any feel for close Threei?
[15:21] {Threei} down
[15:21] {johnnyj} agree... but doesn't feel tradeable
[15:22] {dino} c, jpm, wfc, bac refusing califirnia iou's; wsj
[15:26] {johnnyj} sort rimm under 67 for scalp
[15:27] {nemo} see that volume spike
[15:28] {magoo} when AA report again?
[15:28] {Threei} tomorrow
[15:28] {Threei} after close
[15:30] {nemo} jeez everything spiking @ 3:30ish
[15:30] {nemo} Dino's at it again
[15:31] {BillyD} SNWL for tomorrow continuation
[15:31] {BillyD} rebounds amidst the selling
[15:31] {johnnyj} they'll take the bargain hunters out back and shoot them in a few min's
[15:32] {BillyD} LOL....
[15:32] {BillyD} glad I won't be with them
[15:34] {johnnyj} my problem with the close today is that the so many daily charts gonna look broken ... not that I would ever hold overnight
[15:34] {Threei} join the firing squad Billy
[15:34] {Threei} you can get your bullets at the booth #3, manned by nemo
[15:35] {nemo} what caliber?
[15:35] {BillyD} Spectator would be less violent...I will watch you shoot
[15:35] {BillyD} lol
[15:35] {Threei} may I have the grenade, nemo?
[15:35] {nemo} actually, using swords are more get to watch the chunks come off
[15:35] {nemo} fragmentary, concussive, WP?
[15:35] {BillyD} speechless
[15:35] {Threei} speechless grenade??
[15:36] {BillyD} aren't they all to the recipients
[15:36] {nemo} you wanna see somebody writhe in agony but not terminally injure them...cut the achilles
[15:36] {Threei} again... things I learn...
[15:37] {nemo} that would have Ahhnold squeeling like a little girl
[15:37] {BillyD} I cringe at mere thought
[15:37] {nemo} or me after my vodka is taken away
[15:37] {Threei} what's with HGRD?
[15:38] {johnnyj} still watching RIMM ... move under 67 would really hurt ... thus, it seems likely
[15:39] {BillyD} HGRD mayb e ramp for 7/28 eps
[15:41] {johnnyj} 66.96 short entry
[15:43] {johnnyj} 1/2 out .12
[15:45] {dino} ppt watch
[15:46] {dino} ice bloody
[15:47] {johnnyj} ie RIMM
[15:47] {johnnyj} die
[15:48] {johnnyj} done .17 last half
[15:48] {johnnyj} too late in day
[15:48] {Threei} good finish
[15:49] {dino} wynn 5 day -23%
[15:49] {dino} penn holds better
[15:49] {Threei} MGM in green still
[15:49] {dino} rimm wants 65 strike soon
[15:50] {dino} intc upgrade no help
[15:51] {johnnyj} don't even know what's for dinner... can't think that far ahead
[15:51] {johnnyj} bad daily candle for the IBD crowd to admire
[15:51] {Threei} day traders are forbidden to have memory/attention span longer than 7 mnutes
[15:52] {johnnyj} often wondered what the number of min was
[15:52] {Threei} fish is about 18 seconds
[15:53] {johnnyj} more evolved
[15:53] {cosmo} i got down to three seconds after the operation
[15:53] {Threei} you caught up with me and moth, cosmo
[15:53] {cosmo} i can still drive too
[15:54] {Raven} sigh
[15:54] {Threei} why do you think I try to answer all the question as quickly as possible
[15:54] {nemo} what state you in cosmo?
[15:54] {johnnyj} bliss
[15:54] {nemo} nice
[15:54] {Threei} lol
[15:54] {nemo} I was talking physical location
[15:54] {cosmo} checking
[15:54] {Threei} oh.. Bliss, CA then
[15:55] {dino} roflol johnny
[15:55] {Threei} I like johnny's answer to much to let it get wasted
[15:56] {dino} at this pace could fill those gaps around tomorrows open
[15:56] {Threei} gotta remember to watch AA tomorrow
[15:56] {dino} gap down fill, then big up
[15:57] {Threei} okay guys
[15:57] {Threei} thank you all
[15:57] {johnnyj} complete carnage at close
[15:57] {Threei} have a great evening
[15:57] {BillyD} cya all tomorrow
[15:57] {Threei} see you tomorrow
[15:58] {dino} cya 3i
[15:58] {dino} dji-8%
[15:58] {dino} june highs

Monday, July 6, 2009

Jul 06 2009

As it becomes customary this summer, we better get our plays in the morning, then market goes into comatose state. Today was not exception. SPPI worked for us early, GERN got stopped, but then CAT short and RIMM short made the day.

Session Time: Mon Jul 06 00:00:00 2009

[08:12] {Threei} 7:30:24 AM
[08:12] {Threei} Geron Corp Geron scientists and collaborators publish data demonstrating functional Dendritic cells can be derived
[08:12] {Threei} - These findings support the use of hESC-derived DCs in therapeutic vaccine applications for cancer and other diseases. Substituting standardized, off-the-shelf hESC-derived DCs for current approaches using DCs obtained from individual patients may result in more cost effective and reliable approaches to cancer immunotherapy.
[08:14] {nemo} mornin'
[08:14] {Threei} Good morning
[08:14] {Threei} 8.15 GERN's high from Wed and a few min earlier
[08:16] {nemo} tck bounced higher on the china deal, but other metal producers down, wonder how gravity will affect tck?
[08:34] {Threei} DNDN got happy for some reason
[08:39] {Threei} DNDN Pre-market strength being attributed to positive commentary at Merriman (23.48, 0.00, 0.00%)
[08:47] {fernp} good morning everybody
[08:47] {nemo} It's Monday.....
[08:49] {Threei} fern :)
[08:50] {Threei} this is very deep observation nemo
[08:51] {nemo} Yeah, I'm very philosophical
[08:52] {BillyD} gm all
[08:52] {nemo} how's the jeri curl?
[08:53] {Threei} Billy :)
[08:57] {magoo} morning
[08:57] {Threei} magoo :)
[08:57] {nemo} magus
[08:58] {magoo} :)..what we looking at?
[08:59] {Threei} I am torn between ceiling and lefthanf wall
[09:01] {magoo} choose ceiling..upward bias
[09:01] {Threei} ty
[09:02] {Alw} gm all
[09:02] {Threei} Alw :)
[09:03] {cosmo} SPPI
[09:05] {cosmo} dropped 20% in pre-market trade as the company said the Food and Drug Administration requested that the company submit data files from a study to support proposed labeling on Zevalin to treat non-Hodgkin's Lymphoma patients.
[09:05] {ese} good morning from the Disneyland Grand California hotel and Spa
[09:06] {cosmo} wha?
[09:06] {Threei} ese :)
[09:06] {ese} i'm in California
[09:06] {cosmo} omg
[09:06] {ese} at Disnyeland with the family
[09:07] {ese} and i'm up at 6:am to be with you lot!
[09:07] {cosmo} gee
[09:07] {Threei} that's dedication
[09:07] {ese} morning cas
[09:07] {cosmo} you have a tram hook up?
[09:07] {ese} ya well......have to pay for this holiday somehow
[09:08] {ese} whats a tram hook up
[09:08] {Threei} cosmo... he is about a mile or two from the place where we took that famous "let's find the parking spot" ride
[09:08] {cosmo} sigh
[09:08] {cosmo} carefull, ese
[09:09] {ese} shy
[09:09] {ese} why
[09:09] {cosmo} do your own driving
[09:09] {ese} don't plan on going anywhere.......just staying right in the hotel
[09:09] {cosmo} avoid mad hatters
[09:09] {ese} now thats good advice
[09:10] {cosmo} you have the tram go right to the park?
[09:10] {cosmo} from hotel?
[09:11] {ese} were basicallly right in the park....step outside the hotel and you almost fall into the white water rapids ride
[09:11] {cosmo} carefull, engine joe's cave
[09:11] {ese} bear mountain or wolf mountain they calll it
[09:12] {ese} whos engine joe
[09:12] {cosmo} tom sawyer nemisis
[09:12] {ese} ahhhhhhh
[09:12] {Threei} SPPI UPDATE: Received complete response letter from FDA requesting new file submission regarding Zevalin
[09:12] {Threei} - did not request additional clinical trials or new data analyses
[09:12] {cosmo} i miss the moon rocket
[09:12] {Threei} Co. will respond by July 8th, Spectrum is confident that the data it will submit will satisfy the requirements of the Complete Response letter, and, at this time, continues to expect a favorable regulatory decision.
[09:13] {ese} in tomorowland
[09:13] {ese} it's star wars now
[09:14] {cosmo} yeah...things change
[09:14] {ese} the place is huge though....basicallly 2 parks
[09:16] {ese} you live here cas?
[09:16] {ese} cos?
[09:16] {cosmo} san diego
[09:17] {ese} so coffee's out?
[09:17] {cosmo} in
[09:17] {Threei} so far all I've got is:
[09:17] {ese} you get up here offten
[09:18] {Threei} SPPI bounce play if dives at the open,
[09:18] {cosmo} not these days
[09:18] {Threei} GERN bounce play
[09:18] {cosmo} too crazy
[09:18] {Threei} 5.60 was tempting on SPPI but premarket trading is a bit too thin on it
[09:18] {ese} understandable.......traffic on that freeway is nuts
[09:18] {ese} with a capitol N
[09:19] {cosmo} all caps, i say
[09:21] {cosmo} SPPI may try....
[09:21] {Threei} overall, be ready to remain patient and inactive... it's Monday at the height of the summer after blissful long weekend
[09:21] {Threei} risk appetite is not likely to be big today
[09:21] {Threei} which may easily translate into inactive market
[09:24] {cosmo} ah... traders went to disneyland
[09:24] {Threei} yeah... it's ese's fault
[09:25] {nemo} what's cat look like?
[09:25] {jfjf64} mornin
[09:26] {dino} gm all
[09:26] {Threei} jf, dino :)
[09:26] {nemo} hello
[09:27] {nemo} Haven't heard a sqawk out of the bird yet
[09:31] {Threei} Long Setup: SPPI .80 if stays above .65
[09:31] {Threei} see big offer by EDGX?
[09:32] {Threei} when it mels down get in
[09:32] {dino} 895 s/p filled
[09:33] {Threei} GERN... pullback under 8 for entry
[09:33] {Threei} stop under 7.85
[09:34] {Threei} missed it
[09:34] {Threei} SPPI triggered
[09:34] {Threei} stop can be placed under .70 for very risk intolerant
[09:35] {Threei} 1:1, half out
[09:36] {Threei} scalpers take your profit and go back to sleep
[09:36] {jfjf64} ty
[09:36] {Threei} welcome
06[09:36] * Threei slaps dptl around a bit with a large alarm clock
[09:36] {Alw} ty
[09:36] {dptl} good morning all
[09:36] {Threei} alw :)
[09:36] {dptl} :)
[09:37] {BillyD} out ty
[09:37] {Threei} GERN...
[09:37] {Threei} I just can't make up my mind about it
[09:37] {Threei} trades like breakout
[09:37] {Threei} and I hate breakouts on this stock
[09:37] {BillyD} lol
[09:38] {Threei} you know what... let's try this
[09:38] {Threei} half lot in on .15 break,
[09:38] {Threei} if goes, fine, lt'e profit on half lot
[09:38] {Threei} if pullas back, let's try to get second half around 8 or just under,
[09:39] {Threei} place stop under 7.90
[09:39] {Threei} out average entry price should be aroun 8.07 this way
[09:39] {Threei} out - our
[09:41] {Threei} IT) Italian PM Berlusconi: Italian Government disagrees with China and believes worst of crisis is now behind us, China still cautious
[09:42] {cosmo} SPPI wants 6 imo
[09:45] {cosmo} sigh... i killed it....
[09:45] {Threei} lol
[09:45] {BillyD} lol
[09:45] {BillyD} power of cosmo
[09:45] {cosmo} showertime
[09:46] {BillyD} DDSS strong little one
[09:46] {BillyD} from friday
[09:46] {Threei} yeah, one of those irritating movers
[09:46] {Threei} goes and goes, and you never find an entry
[09:46] {BillyD} yep, lack of pace kept me out this morning
[09:50] {Threei} blast from the past: BAMM
[09:51] {BillyD} amazing how some of these stay in business
[09:51] {BillyD} private placement experts
[09:55] {Threei} OK
[09:55] {Threei} so far so good
[09:56] {Threei} 8.06 average on GERN
[09:56] {Threei} stop under .90
[09:58] {ese} somebody must be driving the price of BAMM that thing has only traded 5k shs.....can you say "manipulation opportunity"
[10:00] {Threei} JUNE ISM NON-MANUFACTURING: 47 V 46.0E
[10:00] {ese} thats should put the market positive
[10:01] {Threei} let's further modify GERN: trail stop to under .95
[10:02] {Threei} that makes risk practically negligible on this one
[10:02] {Threei} if stopped out, won't even negate our SPPI profit
[10:04] {Threei} held by fingertips
[10:05] {Threei} not likely to hold, unless market jumps up
[10:07] {Threei} out GERN
[10:08] {Threei} upholds its reputation of serial disappointer
[10:08] {BillyD} yeah
[10:11] {Threei} Short Setup: CAT .25 if stays below .30
[10:12] {ese} drys is approaching the"just buy a crap load" area
[10:12] {Threei} lol
[10:13] {Threei} very technical terminology
[10:13] {ese} yes.....have developed my own terminology over the years
[10:15] {Threei} over 1:1
[10:15] {Threei} half out .17
[10:16] {Threei} bidding 1/4 more .09
[10:17] {Threei} too greedy?
[10:18] {Threei} stop to b/e
[10:18] {Threei} no hit on my bid yet
[10:19] {BillyD} not in here, but the bounce was weak on it imo
[10:19] {Threei} here it is
[10:19] {Threei} 1/4 more covered
[10:20] {Threei} last portion: stop to above .20
[10:20] {Threei} waiting for sharp spike down
[10:20] {Threei} bidding .99
[10:21] {Threei} ISM's Nieves: There are no real signs of inflation at the moment; should not get too excited about the data this early
[10:21] {Threei} - Complaints about lack of credit among respondents are declining
[10:22] {vinod} GM to all
[10:22] {Threei} because more credit is available or because they don't even complain anymore?
[10:22] {Threei} vinod :)
[10:22] {ese} vino
[10:23] {Threei} or because the sheer numbers of respondents dwindle down?
[10:23] {Threei} in Stalin's speak, No person - no problem
[10:23] {ese} now that was funny
[10:23] {nemo} one person's death-a tragedy. 20 million deaths, merely a statistic
[10:24] {nemo} Uncle Joe too, I think
[10:25] {Threei} let's be stingy and trail CAT stop to .15
[10:25] {Threei} it's not too shabby as it is for a lousy 6 cents initial risk
[10:26] {Threei} changing my mind on cover here
[10:26] {Threei} cancelling .99 bid
[10:27] {Threei} will trail stop and try to milk it
[10:27] {nemo} that pull back didn't even hit the bollinger band average
[10:27] {Threei} yup
[10:27] {Threei} and volume was pathetic
[10:28] {Threei} so trailing above that line is justified
[10:28] {Threei} so is attempt to squeeze more out of it
[10:29] {Threei} keeping an eye on AIG
[10:29] {Threei} not sure of the play yet
[10:29] {Threei} .60 break is kind of obvious entry
[10:29] {Threei} just want ti to establish firmer support
[10:30] {Threei} and closer then current one at .40
[10:30] {nemo} looks a lot like cat with no pullback yet
[10:30] {Threei} Long Setup: AIG .60 break if holding above .50
[10:31] {Threei} US and Russia have formally signed arms reduction agreement
[10:31] {nemo} what, they'll agree to talk about arms reduction
[10:33] {nemo} no volume on AIG
[10:33] {jfjf64} market help with aig
[10:35] {Threei} if you go for aggressive entry, keep stop under .40
[10:36] {Threei} CAT stop to above .10
[10:37] {Threei} 25 cents profit vs. 6 cents of risk... decisions decisionas
[10:38] {dino} ndx gap filled 1424
[10:38] {Threei} AIG invalidated
[10:39] {nemo} whoa spike on volume in cat, might be time to cover
[10:39] {Threei} that was volume on elimination of big bids at 31
[10:40] {Threei} hard to tell really
[10:40] {nemo} 4 birds in the hand worth more than the one in the bush...
[10:40] {Threei} at this point it's rather a matter of trade management than chart read
[10:40] {nemo} right Raven?
[10:43] {Threei} dino... see AMAG?
[10:44] {dino} yes, drup app. i think
[10:44] {Threei} could be your client soon
[10:44] {dino} drug
[10:44] {dino} takeover spec. too
[10:44] {Threei} AMAG Hearing JPM making positive comments (timing uncertain) (54.16, 1.35, 2.56%)
[10:45] {Threei} done with CAT
[10:46] {jfjf64} aig??
[10:47] {Threei} not sure
[10:47] {Threei} no firm read
[10:47] {jfjf64} ty
[10:49] {dino} schn sm l .00, stop .59
[10:52] {johnnyj} play Rimm bounce off 68 round number
[10:53] {Threei} RIMM's unpleasantly weak
[10:53] {Threei} makes new lows even though NASDAQ doesn't
[10:53] {johnnyj} yes
[10:54] {jfjf64} rfmd
[10:56] {Threei} no news that I see
[10:57] {Threei} Cisco Systems Inc Exec: Affirms working on a a live video chat product through TVs; aiming to be available within a year
[10:57] {Threei} - Note: on 6/30 the CEO commented that they were planning to expand their 'telepresence' products into the home within the next 1 to 2 years
[10:57] {Threei} why would I want to chat with anyone via my TV?
[10:57] {Threei} unless it's Angelina Jolie
[10:58] {ese} hmmmm so thats how they do it...reverse splits in FAZ and FAS
[10:58] {Threei} Direxionshares Financial Bull 3X Previously announced reverse splits in FAS and FAZ to be effective July 8
[10:58] {Threei} - as announced on 6/26, FAS will do a 1 for 5 reverse split and FAZ will do a 1 for 10 reverse split.
[10:58] {magoo} u really want her to see u in your pajammies vad?
[10:59] {BillyD} Vad would be in all the tabloids with Brad Pitt wanting to beat him up
[10:59] {Threei} I haven;t given much thought to it mags... I have a year still
[11:00] {dino} hmmmm, not sure if i should comment
[11:00] {Threei} please don't :)
[11:00] {Threei} janiotor opened one eye
[11:01] {jfjf64} .50 break aig vad??
[11:01] {Threei} General Motors Corp GMAC issues statement On Bankruptcy Court Approval Of Sale Of Assets By GM
[11:01] {Threei} - In conjunction with the closing of the sale, the contracts GM has with GMAC will be transferred to the new GM entity. GMAC is pleased to conduct its business operations with the new GM entity and to be part of the solution to stabilize and strengthen the U.S. auto industry.
[11:01] {Threei} toughie jf... I don't know
[11:01] {Threei} kind of 50/50
[11:06] {Threei}
[11:07] {Threei} I am telling you... thoe russians...
[11:13] {Threei} Long Setup: USO .80 break
[11:13] {Threei} if stays above .70
[11:21] {magoo} look whos on tvl
[11:22] {Threei} very odd to hear russian on CNN
[11:22] {nemo} Communist News Network
[11:24] {johnnyj} lol Vad
[11:38] {dino} schn stop to b/e
[11:43] {dino} mrcy
[11:51] {dino} schn stop to .80
[11:52] {dino} out, .82, +.82 schn
[11:52] {Threei} wtg
[11:52] {BillyD} gj dino
[11:52] {dino} ty
[11:53] {dino} had 1.02 but missed
[11:58] {Threei} President Obama has proposed a global nuclear security summit for 2010
[11:58] {Threei} - Comments that it could potentially be held in Russia.
[11:58] {Threei} - Believes an understanding can be reached with Russia on US missle shield in Central Europe.
[12:08] {jfjf64} dino dino nice nice
[12:11] {johnnyj} patience rewarded with boredom
[12:12] {dino} :)
[12:12] {dino} rtp interesting
[12:18] {Threei} GMGMQ US Treasury's Rattner: Confident ruling on GM will stand, new GM board members will be named later this month
[12:18] {Threei} - Note that overnight, a Federal judge approved GM's bankruptcy sale, as expected
[12:29] {Threei} foam layer on the desk is in order, to prevent serious trauma from chin hitting the surface
[12:30] {nemo} You mean trauma to the desk, right?
[12:30] {magoo} just were a full face helmet
[12:30] {Threei} wow... your reaction time is amazing guys
[12:31] {Threei} I am impressed by your reflexes
[12:31] {nemo} When I was riding a motorcycle, the state made me where a helmet, because they were afraid if I hit my head it would damage the street
[12:31] {BillyD} we don't weant your furniture damaged
[12:31] {nemo} or computer
[12:32] {BillyD} then he wouldn't be able to call trades
[12:33] {Threei} (US) US government releases final stem cell research guidelines, calls for working group to develop "informed consent" rules (related GERN STEM ASTM )
[12:34] {Threei} - working group would consider how existing lines are derived
[12:36] {Threei} US aiming to expand G8 topics beyond financial issues
[12:36] {Threei} really... it's been a while since we discussed details of the technology of making ivory button for hawaiian shirts
[12:39] {Threei} Reportedly G8 talks are ongoing, no action taken as of yet on exit strategy
[12:39] {Threei} - as reported last week, G8 source says China not pushing for talks about reserve currency at meeting
[12:39] {Threei} why would it
[12:40] {Threei} biggest holder of something should be the last one to talk its value down, no?
[12:46] {johnnyj} rimm break 68 could be nice scalp
[12:47] {Threei} short?
[12:47] {Threei} 68.11 is current low
[12:48] {johnnyj} yes... sick dog
[12:48] {johnnyj} positioned for capit bounce too
[12:51] {johnnyj} rimm getting ready
[12:51] {Threei} I would be shorting .10
[12:51] {Threei} not waiting for 68
[12:51] {Threei} it's legitimate breakdown
[12:52] {johnnyj} thx 1/2 pos in .10
[12:53] {johnnyj} round numbers always difficult w/o market help
[12:59] {Threei} with .25 being resistance, we have 1:1 here
[12:59] {johnnyj} thx
[12:59] {Threei} good spot
[13:00] {Threei} 1:2
[13:00] {Threei} thing of beauty
[13:00] {johnnyj} .70 next test
[13:01] {Threei} you guys are good
06[13:01] * Threei uses this occasion to sneakily retire while no one is looking
[13:04] {dino} schn sm l .00 stop lod
[13:06] {laserdave} test
[13:06] {nemo} mags!
06[13:10] * magoo slaps laserdave around a bit with a large trout
[13:11] {nemo} jeez mags, I was getting worried
[13:11] {magoo} went to get my sandwich
[13:15] {dino} dji wants geen
[13:16] {dino} strange day
[13:16] {Threei} just Monday
[13:16] {Threei} aimless wandering
[13:23] {magoo} ptretty good rip there
[13:25] {dino} excuse me
[13:29] {dino} out schn .60, +.60
[13:29] {johnnyj} dino, why aren't you still in the Hamptons with the rest of Wall Street this monday after holiday?
[13:30] {dino} lol
[13:30] {dino} another 10-15 years left
[13:48] {Threei} SEED Ticking higher, hearing vague chatter of possible marketing collaboration deal with Dupont (4.34, -0.11, -2.47%)
[13:59] {johnnyj} rimm and palm look like great short candidates but market is asleep - random thoughts
[14:00] {Threei} those are the worst
[14:00] {Threei} they come in your head when you least expect them
[14:12] {BillyD} watching AIG for short off .50
[14:34] {Threei} US) Reportedly President Obama and Russian President Medvedev did not discuss the USD at meetings today
[14:34] {Threei} - Reportedly Obama "expressed surprise" over Russia's sudden change in WTO plans
[14:35] {BillyD} they are up to something
[14:35] {BillyD} lol
[14:36] {vinod} No guts no glory. If one doesn’t play you He cannot win and neither can the house
[14:45] {johnnyj} AIG nice
[14:45] {BillyD} yes but I only took a scalp:(
[14:46] {Threei} whatever... good setup
[14:46] {BillyD} it didn't bounce with mkt thuis time
[14:48] {jfjf64} l aig.28
[14:49] {jfjf64} .32 sorry
[14:50] {jfjf64} no go
[14:56] {johnnyj} thx for the AIG heads up BillyD. only trade that worked for me today done at the whole number
[14:56] {johnnyj} leave some on table for the other guy
[14:57] {BillyD} welcome
[15:02] {johnnyj} CNN muted... thank goodness I cannot read lips
[15:03] {Threei} but... now you can't take your eyes off the TV screen?
[15:05] {dino} s/p fills open gap
[15:08] {johnnyj} as patterns broke down today, I never saw any fear.... but I did not act on this fact on the long side.... sign I am in coma
[15:09] {nemo} c u 2morow
[15:09] {Threei} take care nemo
[15:09] {fernp} bye nemo
[15:09] {BillyD} cya
[15:09] {Threei} problem is, not many stocks followed the market bounce
[15:09] {Threei} AIG merriuly proceeded even lower as market bounced
[15:10] {dptl} have a good evening all
[15:10] {Threei} RIMM went with market but did it in a "drag me by ears" manner
[15:10] {Threei} take care dp
[15:10] {BillyD} lol
[15:11] {johnnyj} no fear below 68
[15:14] {johnnyj} I am done for the day... thx for your chat Billy
[15:15] {magoo} cat might be sh loss .50..vad?
[15:15] {Threei} take care johnny
[15:16] {Threei} only if market sells down like crazy mags
[15:16] {Threei} otherwise doesn't feel right to me, not a a regular trade
[15:17] {magoo} k
[15:30] {Threei} (US) Fitch lowers General obligation bonds to BBB from B-; outlook negative (related MUNIS )
[15:39] {Threei} a whole lot of nothing
[15:39] {Threei} morning trades were practically it
[15:40] {Threei} wehich actually was more thatn I expected, lol
[15:40] {BillyD} seems to be pattern in the AM
[15:40] {jfjf64} agree
[15:41] {BillyD} SNWL strong
[15:45] {BillyD} if bored, read yahoo stock message boards for entertainment
[15:46] {BillyD} same opinions since I can remember
[16:00] {Threei} okay guys
[16:00] {Threei} thank you all
[16:00] {BillyD} ty Vad
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {fernp} ty and good evening
[16:00] {Alw} ty Vad
[16:00] {jfjf64} gn all

Thursday, July 2, 2009

Jul 02 2009

What was expected to be an empty boring pre-holiday trading all of a sudden turned into very nice profitable day. ELN, AIG, ILMN, MTXX, and even had a chance for a quick educational overview of AIG trap - look the log around 10:48, right after we finished AIG bounce play.

Happy 4th of July!

Session Time: Thu Jul 02 00:00:00 2009

[08:30] {jfjf64} mornin
[08:30] {nemo} yep
[08:30] {BillyD} gm
[08:34] {Threei} Good morning
[08:35] {Threei} - Prior nonfarm payrolls revised from -345K to -322K (second month of upward revisons)
[08:35] {Threei} INITIAL JOBLESS CLAIMS: 614K V 615KE; CONTINUING CLAIMS: 6.702M V 6.740ME
[08:35] {Threei} - Prior jobless claims revised from 627K to 630K
[08:36] {Threei} JUN UNEMPLOYMENT RATE: 9.5% V 9.6%E
[08:36] {Threei} JUN AVERAGE HOURLY EARNINGS M/M: 0.0% V 0.1%E; AVERAGE WEEKLY HOURS: 33.0 V 33.1%E
[08:36] {Threei} - Average Hourly Earnings Y/Y: 2.7% v 2.9%e
[08:37] {Threei} (EU) ECB's Trichet: Reiterates current rates are appropriate, negative CPI in June is in line with ECB's prior expectations
[08:37] {Threei} - reiterates gradual recovery seen in 2010., growth returning after stabilization
[08:37] {Threei} - reiterates negative inflation only termporary, expects price stability over medium term
[08:37] {Threei} - latest data confirms ECB's expectations
[08:37] {nemo} am I back?
[08:38] {Threei} let's see
[08:39] {nemo} thunderstorms knocked out power momentarily
06[08:39] * Threei slaps nemo around a bit with a large testing trout designed to determine one's exact location
[08:44] {fernp} good morning to all
[08:44] {Threei} fern :)
[08:44] {nemo} fern :)
[08:49] {Alw} gm
[08:52] {nemo} whoa...look at the futures
[08:54] {Threei} alw :)
[08:59] {dino} gm all
[08:59] {Threei} dino :)
[09:03] {Threei} WFC getting chewed
[09:03] {nemo} FCX RIMM getting chewed too
[09:04] {nemo} It's the end of the world as we know it...and I feel fine....pass me a paxil, would ya'?
[09:05] {Threei} end of the world today??
[09:06] {Threei} I didn't plan for that
[09:06] {nemo} and I stopped drinking...oy
[09:06] {Threei} why no one told me
[09:06] {Threei} I would have spent yesterday much more productively
[09:06] {nemo} think you're somebody special
[09:06] {nemo} it's raining elephants and Rhino's here
[09:09] {_johnnyj} 20,000 Leagues Under the Sea ....kind of rain, Nemo?
[09:11] {Threei} lol
[09:16] {nemo} yeah
[09:17] {nemo} dino, you getting to the office by boat?
[09:18] {dino} soon nemo, rains aboutevery 12 hours for 6-8 weels
[09:18] {Threei} I feel ashamed... we have total paradise here
[09:19] {BillyD} no you don't lol
[09:19] {BillyD} I can see you grinning
[09:19] {nemo} same here Dino
[09:19] {Threei} true
[09:19] {Threei} hmm... I don't have much in a sense of trading candidates
[09:19] {BillyD} I don't feel shame in AZ
[09:20] {BillyD} although the overcast is welcome here today
[09:20] {BillyD} ELN acyoive
[09:20] {BillyD} active
[09:20] {nemo} don't expect much today vad
[09:20] {BillyD} NVAx short possibilities
[09:21] {magoo} morning
[09:21] {ese} GM
[09:21] {ese} mags
[09:21] {Threei} magoo, ese :)
[09:21] {ese} hey vad
[09:21] {Threei} ELN had news
[09:21] {BillyD} yes
[09:22] {Threei} JNJ to purchase assets and rights of ELN's alzheimer's program for $1B
[09:22] {Threei} - Announced a definitive agreement whereby Johnson & Johnson will acquire substantially all of the assets and rights of Elan related to its Alzheimer's Immunotherapy Program (AIP Program), through a newly formed company. In addition, JNJ, through its affiliate, will invest $1B in Elan in exchange for newly issued American Depositary Receipts (ADRs) of Elan which will represent 18.4% of Elan's outstanding ordinary shares.
[09:22] {Threei} Elan Corp PLC CEO: Approx 30 companies were at one point interested in discussions of strategic alternatives
[09:22] {Threei} - Notes that the deal with JNJ will help company cut debt by 70% to $400M
[09:22] {Threei} CFO: Expect to be pretax profitable by end of 2010
[09:22] {Threei} - Deal with JNJ to cut cost by up to $100M/year
[09:22] {Threei} - Deal with JNJ meets all strategic deal goals
[09:23] {Threei} this one on watch of course
[09:23] {Threei} want some pullback
[09:23] {Threei} NVAX, want to see little bounce after the open
[09:23] {Threei} then short it as life goes out of it
[09:30] {Threei} ELN pulling back a bit
[09:31] {Threei} so far so good
[09:31] {Threei} high after open is .35
[09:31] {Threei} want it to stabilize and form little range
[09:32] {Threei} Long Setup: ELN .20 break if holding above .10
[09:32] {magoo} in .23
[09:32] {jfjf64} in 24
[09:33] {Threei} market more weakness... killing NVAX before we got a chance for entry
[09:33] {Threei} and holding ELN down
[09:33] {magoo} ruining ELN too
[09:34] {jfjf64} ouch
[09:34] {Threei} it hit over .30 but did it way too fast
[09:34] {Threei} no worky
[09:34] {nemo} RIMM holding fairly well
[09:34] {magoo} my quotes so slow never had chance to exit
[09:35] {jfjf64} tza l .19
[09:35] {nemo} likes the leveraged shorts
[09:36] {Threei} White House Romer: Jobs data was 'disappointing'
[09:37] {Threei} expect the economy to start turning towards the better by the end of the year - CNBC interview
[09:37] {nemo} end of which year?
[09:38] {Threei} hectic ELN...
[09:38] {magoo} im waiting .47
[09:38] {Threei} wants up badly, market undermines it
[09:38] {BillyD} it jumps by .07
[09:38] {magoo} yea
[09:38] {level777} loELN trades like we're still in the days of 1/32s and 1/16ths
[09:39] {cosmo} eslr 2.32 hod
[09:39] {cosmo} might test
[09:39] {jfjf64} 1/1 tza
[09:39] {jfjf64} 1/4 out .38
[09:39] {Threei} Long Setup: ELN .10 break
[09:40] {Threei} if stays above 8
[09:40] {magoo} if it loses 8 im out
[09:40] {level777} movin too quick
[09:41] {jfjf64} stop to .40 last 1/4
[09:41] {Threei} 1:1, half out or scalp
[09:41] {jfjf64} ty
[09:42] {jfjf64} allout tza
[09:42] {Threei} good one
[09:42] {vinod} goood morning
[09:42] {magoo} look at RIMM
[09:42] {magoo} sheesh
[09:42] {nemo} yeah
[09:42] {vinod} I am losing today. they stop my 401K matching contribution
[09:43] {jfjf64} tna l .75
[09:44] {_johnnyj} rimm squeeze
[09:44] {dino} sorry vin
[09:44] {nemo} rimm stopped short of pivot
[09:45] {jfjf64} ouch
[09:45] {Threei} offering 1/4 more ELN .33
[09:45] {jfjf64} nice
[09:46] {Threei} not yet
[09:46] {jfjf64} now
[09:46] {ese} eln taking off....nice boys and girls
[09:47] {Threei} now yes, nice
[09:47] {Threei} offering last portion 8.55
[09:47] {Threei} maybe too greedy
[09:47] {jfjf64} hmmm
[09:47] {Threei} but with trading these days we get too few chances, so I am trying to milk this one as much as possible
[09:48] {Threei} OK, NVAX, two ways to play it
[09:48] {jfjf64} look tna had stop wrong spot im sickkkkkkkk
[09:48] {nemo} tna or tza
[09:49] {dino} acor l .50
[09:49] {Threei} one is 2.75 break short if stays under .85
[09:49] {Threei} another is to on, this one is ruined
[09:49] {Threei} umm
[09:49] {Threei} this one is ruined
[09:49] {Threei} another is to wait for new resistance to form
[09:50] {Threei} natural one is 2.90
[09:50] {Threei} but we need trigger too
[09:50] {Threei} not very clear for now
[09:50] {Threei} waiting
[09:50] {Threei} go ELN, will ya
[09:50] {Threei} here here little birdie
[09:51] {jfjf64} nemo tza had earlier tna got stopped sd of had larger stop
[09:52] {magoo} im thinking high .60 area
[09:52] {nemo} for what mags?
[09:52] {jfjf64} eln
[09:52] {magoo} eln
[09:52] {Threei} direct hit
[09:52] {dino} out acor .63, +.13
[09:52] {Threei} out last portion +.43
[09:53] {jfjf64} ther ya go
[09:53] {jfjf64} i hv to start milkin these cows
[09:53] {Threei} frikin NVAX dropped right off .90
[09:53] {Threei} with no warning
[09:54] {BillyD} it looked like it might break .90
[09:54] {Threei} yeah
[09:54] {dino} gj 3i
[09:54] {Threei} and then someone unplugged it
[09:54] {Threei} ty dino
[09:54] {Threei} now it moves for magoo
[09:55] {Threei} mags, you partialed any?
[09:55] {BillyD} my charts lately do not update
06[09:55] * Threei slaps magoo around a bit with a large manual titled Risk Control - Don't Leave Home Without It
[09:55] {BillyD} updates after switching server
[09:56] {Threei} fine here
[09:56] {BillyD} what server
[09:56] {Threei} DCGN Hearing shares ticking higher on the back of partnership chatter (0.62, 0.07, 12.73%)
[09:56] {Threei} Quote 7, chart 2
[09:57] {BillyD} ty
[10:00] {ese} full day ro half markets?
[10:00] {dino} i show s/p gap 895 fwiw, ndx 1424; 6/23
[10:00] {nemo} full day..but half day
[10:01] {ese} full day in a half day?
[10:01] {dino} acor l .25
[10:01] {Threei} lol
[10:01] {nemo} full market day, betting most gone by lunch
[10:01] {Threei} full day formally, half day of actual trading - if we are lucky
[10:02] {nemo} yeah...what he said
[10:02] {jfjf64} lets hit em hard boyss when we got em
[10:02] {nemo} careful they don't hit back
[10:03] {jfjf64} tivo l .47
[10:05] {jfjf64} invalid
[10:06] {BillyD} AIG salmon
[10:06] {dino} feeling .30 tivo
[10:06] {Threei} BCON Reportedly US DOE has offered a conditional $43M loan gaurantee facility (0.88, 0.09, 11.39%)
[10:07] {jfjf64} grrr missed tza .50 break grrr
[10:09] {Threei} sheesh AIG
[10:09] {Threei} thought of 19 break
[10:09] {BillyD} thought of .75 here :(
[10:09] {jfjf64} grrrr aig
[10:09] {nemo} Vad told me not to think...
[10:10] {BillyD} if/thens are ok
[10:10] {nemo} IF I think THEN Vad yells at me
[10:10] {BillyD} lol
[10:11] {dino} tivo holds
[10:12] {dino} acor stopped -.30
[10:12] {jfjf64} ilmn c/h
[10:12] {jfjf64} ?
[10:13] {nemo} I wouldn't think so
[10:13] {Threei} .80 break, worth a try
[10:13] {Threei} but half lot
[10:13] {Threei} this one can bite your head off
[10:13] {nemo} handle almost as deep as cup
[10:14] {jfjf64} in.82
[10:14] {Threei} stop under .70
[10:15] {dino} wynn l .50
[10:15] {Threei} see how volatile it can be?
[10:15] {Threei} that's why half lot
[10:15] {jfjf64} y
[10:15] {Threei} AIG deep pullback
[10:16] {Threei} 1:1 ILMN
[10:16] {jfjf64} 1/1
[10:16] {Threei} 1:2
[10:16] {Threei} 1:1 again
[10:16] {Threei} lol
[10:16] {Threei} 1:2 again
[10:16] {Threei} gotta have it laid out
[10:16] {jfjf64} woooooo
[10:16] {Threei} 1:4
[10:17] {Threei} 1:2
[10:17] {jfjf64} out
[10:17] {Threei} I am having fun
[10:17] {nemo} seasick
[10:17] {nemo} my elevator doesn't go to the top floor anyway
[10:18] {jfjf64} ya still sittin with piece
[10:21] {Threei} US) Senators Dodd and Kennedy (D): Have put forward additional Health Care Plan, to cover 97% of US workers
[10:21] {Threei} - Plan to cost $611B over 10 years
[10:21] {Threei} - Companies to pay $750 for each worker not covered
[10:27] {ese} morning bottom? If so ...time for me to start dabling in INTC again
[10:27] {nemo} could be it for the day
[10:28] {jfjf64} entry where ese
[10:29] {ese} anywhere between .80 and .85
[10:29] {jfjf64} lk .86
[10:30] {ese} just watching the "comp" to see if it goes above 1802
[10:30] {ese} then comes back to that number
[10:30] {Threei} AIG... if drops sharply into 18.60 - .70 area, will be interesting for bounce
[10:31] {jfjf64} c/h bgz .19
[10:33] {Threei} lol
[10:33] {ese} L intc .85
[10:33] {Threei} CNN asked viewers for suggestions on job creation
[10:34] {Threei} you should hear some of those
[10:34] {Threei} make pumping own gas illegal so gas stations have to hire people
[10:34] {jfjf64} bgz invalid
[10:34] {Threei} build high speed train all over USA
[10:34] {Threei} I have a suggestion too:
[10:35] {Threei} get out of the way
[10:35] {Threei} and let business work
[10:35] {Threei} instead of mandating jobs
[10:36] {nemo} missed C&H on RIMM
[10:36] {Threei} if that worked USSR would be mightiest country in the world today
[10:36] {jfjf64} aig 2x 19 break vad
[10:36] {Threei} no
[10:36] {jfjf64} k
[10:36] {Threei} doesn't look right to me
[10:38] {jfjf64} ty sensi
[10:38] {nemo} oy
[10:38] {Threei} should have shorted
[10:39] {vinod} VAD-ESLR your opinion
[10:39] {ese} L intc avg still .85
[10:39] {nemo} he hates eslr
[10:39] {ese} i like it
[10:39] {ese} have 6k of it avg price 3.30
[10:40] {Threei} ESLR JPMorgan Raised ESLR to Overweight from Underweight
[10:40] {vinod} he does not like solar?
[10:40] {Threei} question is ese...
[10:40] {jfjf64} bounce aig yet
[10:40] {Threei} you have 6K of it because you like it
[10:40] {Threei} or you like it because you have 6K of it? :)
[10:40] {Threei} not sure about it here vinod
[10:40] {Threei} this thing needs nice momentum to move
[10:41] {ese} no because the four year outlook is $30/45
[10:41] {vinod} ty
[10:41] {Threei} and at the moment it doesn't seem to have any
[10:41] {jfjf64} ..73 l aig
[10:41] {Threei} AIG almost ready
[10:42] {ese} they are one of the few companies hiring these days....have a sh%$ load of orders to last 3/5 years.....have to build another plant to take care of it all
[10:42] {jfjf64} k
[10:42] {jfjf64} entry when ya ready ty
[10:42] {Threei} .60 break if holding .50
[10:42] {nemo} esl looking short
[10:43] {ese} just a matter of time for eslr as far as i'm concerned
[10:43] {ese} i'm thinking 6/10k now and just forget about it
[10:44] {ese} wake up one morning and go....heeeeyyyyy cool.....look what i have
[10:44] {jfjf64} in .62
[10:44] {Threei} not a scalp AIG, intend to partial as it moves
[10:44] {Threei} (if it moves)
[10:45] {Threei} 1:1
[10:46] {Threei} 1:2
[10:46] {BillyD} out in full ty
[10:46] {Threei} 1:3, me out
[10:46] {Threei} 1:4
[10:46] {BillyD} well played
[10:46] {jfjf64} wowww
06[10:46] * Threei pats himself on the back
[10:46] {BillyD} we should have a pat on the back button
[10:47] {Threei} {_johnnyj} but your feel for the market was amazing
[10:47] {Threei} still is!
06[10:47] * nemo slaps Threei around a bit with a large "Good on ya' DUDE!!!"
[10:47] {jfjf64} ty nice entry ya dog
[10:47] {ese} nice plan as always 3i
[10:47] {Threei} ty
[10:48] {jfjf64} it was good plan of attack
[10:48] {nemo} Only problem now, is he's spent so much time slapping himself on the back his shoulder is permanently dislocated
[10:48] {magoo} nie vad ty
[10:48] {BillyD} AIG was low risk
[10:48] {Threei} just too bad we haven't shorted that trap attempt of breakout at 19
[10:48] {Threei} how is it a problem nemo?
[10:48] {Threei} frees me from garden work
[10:48] {jfjf64} was big trap i hd finger on trigger
[10:48] {nemo} yeah, you can drink with your other hand
[10:49] {nemo} doesn't help your typing though
[10:49] {jfjf64} thinkin lk a sucker
[10:49] {Threei} quick educational retreat jf,
[10:49] {BillyD} .35 ELN short earlier making me cry
[10:49] {nemo} then again, nothing could help your typing
[10:49] {Threei} take a look at 1 min,
[10:49] {Threei} I will try to show why I hated it
[10:49] {jfjf64} k 1 min up
[10:50] {Threei} draw mentally the declining line from the top at 19.5 and next top of the bounce around 19.25
[10:50] {BillyD} nice pt Vad
[10:50] {Threei} see how that bounce into 19 runs right into that linbe?
[10:51] {BillyD} there is our education lesson for the week
[10:51] {Threei} what we have is established downtrend on one min,
[10:51] {Threei} and stock bounces into upper line of the channel.
[10:51] {Threei} Now,
[10:51] {Threei} have a look at volume
[10:51] {Threei} from 10:31 to 10:40
[10:52] {Threei} see how volume decreases on this bounce?
[10:52] {Threei} perfect bear flag running into descending channel resistance
[10:52] {jfjf64} see
[10:53] {Threei} absolute trap for breakout buyers - UNLESS stock stalls here and consolidates long enough to ruin the descending channel formation
[10:53] {Threei} now, realize one thing here,
[10:53] {Threei} not practically important right now but something to remember for the future
[10:53] {BillyD} Vad, do you have chart patterns on your website
[10:54] {nemo} short on eslr working
[10:54] {Threei} at the moment of you asking or me looking for other reasin at the chart I am not able to put it all in words
[10:54] {Threei} I just see it as a general perception from the look of the chart
[10:54] {nemo} that's where your 3rd eye comes in
[10:54] {Threei} if you want me to break it down, it will happen kater, not in the "heat of the battle"
[10:54] {BillyD} just curious....I see what u are saying
[10:54] {Threei} and that's what you want to arrive at eventually
[10:55] {Threei} threough many trades and charts and analysis, it wil be come kind of second nature
[10:55] {Threei} no Billy
[10:55] {jfjf64} comon billy ya broke his stride lol
[10:55] {Threei} they are quite standard
[10:55] {Threei} I have them in both TTR and MPP
[10:55] {BillyD} tight
[10:56] {BillyD} right
[10:57] {Threei} you know your intuition kicks in when yiou just glance at the chart and say I like it or I hate it
[10:57] {Threei} we had two perfect examples today... AIG 19 break and ILMN .80 break
[10:58] {Threei} 19 break becomes valid trade
[10:59] {Threei} stop under 18.90
[10:59] {jfjf64} aig playin 19 song again
[10:59] {Threei} market time maybe not the best
[10:59] {Threei} but 10 cents risk?
[10:59] {magoo} in
[11:00] {Threei} it didn't break yet
[11:00] {jfjf64} comon buyers 19 19 19
[11:00] {nemo} since when is that important to Magoo?
[11:00] {magoo} aggressibve
[11:00] {nemo} no volume though
[11:01] {Threei} in this case I wouldn't go for anything but actual break
[11:01] {BillyD} ELN may break 8
[11:01] {magoo} ok out -.02
[11:09] {jfjf64} the 3rd time we hit this 19 we bust down the wall mr. vad
[11:09] {Threei} don't know... have to see how it happens
[11:09] {jfjf64} agree
[11:10] {jfjf64} get ready
[11:10] {ese} compx is starting to look like a rounded botom to me......which you usually means from a tech analysis point of will really take off at some point later in the day
[11:11] {ese} you usually means?
[11:11] {ese} usually means....
[11:11] {ese} yes/no?
[11:12] {ese} nahhhh forget's starting to straighten out
[11:12] {Threei} in general yes, ese... it's just that market loses will to live
[11:13] {Threei} actually, I am amazed it lasted as long as it did, lol
[11:13] {ese} true indeed
[11:13] {jfjf64} aig
[11:13] {magoo} dammit
[11:13] {Threei} just a scalp, IMO
[11:13] {Threei} don't hang around too long
[11:13] {jfjf64} in02
[11:13] {magoo} went 19.01 only got partyial
[11:14] {Threei} out
[11:14] {jfjf64} out
[11:14] {nemo} what was your stop under .85
[11:14] {jfjf64} +13 cents
[11:15] {jfjf64} who said today wd be tough
[11:15] {nemo} RIMM short break of .70?
[11:16] {nemo} nevermind....too late
[11:16] {jfjf64} nice read nemo
[11:16] {nemo} poor timing
[11:16] {nemo} should be pour time
[11:17] {Threei} that's actually quite suprising, jf
[11:17] {nemo} what is
[11:17] {Threei} I haven't exoected today to be so productive
[11:17] {nemo} oh
[11:17] {Threei} but... I don't mind at all, lol
[11:17] {nemo} elan acting just like the skis
[11:17] {jfjf64} reads are on
[11:20] {jfjf64} liked to short eln at .85 didnt though will paper trade
[11:25] {jfjf64} papper no work
[11:27] {dino} try rock
[11:27] {jfjf64} or scissor lol
[11:28] {dino} :)
[11:28] {dino} can tell i have kids
[11:28] {Threei} lol
[11:28] {jfjf64} was thinkin same thing
[11:29] {jfjf64} i hv 20 13teen yr old commin over for pool party today!!!!!
[11:30] {dino} gl
[11:31] {jfjf64} aig on the short 19 vad
[11:32] {Threei} can't tell... things become random
[11:34] {jfjf64} on that note callin it a week all enjoy weekend dont want to start over tradin big problem must get over good day my friends
[11:35] {magoo} have good weekend jf
[11:35] {Threei} have a great long weekend jf
[11:36] {jfjf64} lots of stoli for sure
[11:39] {BillyD} eyeballing SPPI short of .30
[11:39] {dino} cya jf
[11:50] {nemo} Geez....Rimm would have been a nice short @ .70
[11:56] {dino} tivo l .24
[12:05] {nemo} in coma?
[12:07] {Threei} sigh
[12:07] {Threei} yes
[12:07] {nemo} volume still remarkably high actually
[12:08] {nemo} 75% for DOW and S&P 100% for NAZ
[12:15] {magoo} AIG down here vad?
[12:16] {BillyD} PARD
[12:16] {Threei} not sure mags... right chart, wrong time
[12:20] {BillyD} no short AIG
[12:23] {magoo} long here aig .81
[12:23] {magoo} scalp to .97 hopefully
[12:26] {_johnnyj} rimm testing 70 nemo
[12:26] {nemo} failed
[12:27] {nemo} had ese traded RIMM the way he trades everything else he could have retired after the last few days
[12:27] {nemo} MAGS AIG looks like it's going to stay under it's moving average
[12:28] {magoo} hm
[12:29] {nemo} it's bollinger band moving average
[12:30] {nemo} got a little volume on that drop
[12:31] {magoo} not looking good
[12:31] {nemo} no, no support from the indexes, and Wall Street should be drunk or left by now
[12:32] {dino} so should i
[12:33] {magoo} out F'er
[12:33] {nemo} Shoulda' listened to Vaddy
[12:33] {nemo} Vaddy knows best
[12:33] {Threei} sure
[12:33] {Threei} about what?
[12:34] {nemo} shish-kebab
[12:34] {dino} bacon
[12:45] {nemo} now volumes beginning to drop
[12:48] {BillyD} Who is BOOK ecn on L2?
[12:48] {BillyD} or is it MM
[12:50] {Threei} ECN...
[12:50] {Threei} there were sol many renamings, consoldations
[12:51] {dino} run dmc market; "it's tricky"
[12:51] {Threei} some of them are not real ECNs
[12:51] {Threei} rather kind of conglomerated name
[12:51] {ese} was gone for a bit and didn't even realise it.........comtaose
[12:51] {BillyD} BOOK is all capital letters and so are othe MM's
[12:52] {BillyD} it may be conglomerate like you say
[12:52] {Threei} I long stopped paying attention
[12:52] {magoo} dam..was stalking AIG ..missed
[12:52] {Threei} it just doesn't matter anymore
[12:52] {Threei} remember times when it was crucial to see all the IDs, discern their actions
[12:52] {Threei} intentions
[12:52] {Threei} etc
[12:53] {BillyD} agree, I was bored and thought I would wake you...sorry
[12:53] {Threei} long gone... means nothing
[12:53] {dino} nothing matters
[12:53] {Threei} now... why would anyone want to wake me up... I am peaceful when sleep, and very grumpy and generally unplesant when awake
[12:54] {BillyD} boredom has terrible effect on human reasoning
[12:56] {dino} as does alcohol and scantily clad women
[12:57] {Threei} great... I am wide awake now
[12:59] {Threei} what Billy successfully started, dino has accomplished very effectively
[13:01] {dino} just doing my job
[13:01] {dino} you staying awake, helps me stay awake
[13:16] {Threei} DXPE
[13:16] {Threei} maybe reached the end of the decline
[13:16] {Threei} on daily
[13:17] {Threei} Wells Fargo & Co Notes will accept registered warrants from State of California for deposit today, and no later than July 10
[13:17] {Threei} - Exec: "Were very disappointed, as are many Californians, that California has taken the unfortunate step of issuing IOUs in lieu of its payments to some businesses and individuals, said Lisa Stevens, head of Community Banking for Wells Fargo in California. Wells Fargo has a long history of taking extraordinary measures to help our customers and will accept registered warrants from our customers, but only for a limited time, to allow them time to make other arrangements. We are reluctant to take this step, but are doing so to help our customers who are not at fault and with the expectation that the Legislature and Governor will complete the budget within days. We join all Californians in urging our Legislature and our Governor to take the appropriate steps as soon as possible to resolve this budget crisis."
[13:21] {dino} gotta hop, back in 30(?)
[13:28] {BillyD} PARD quitely strong
[13:29] {BillyD} any thoughts on it Vad
[13:29] {BillyD} needs volume I know
[13:30] {Threei} hard to tell... no pace
[13:30] {Threei} Matrixx Initiatives Inc. FDA releases official inspection record
[13:30] {Threei} - Reminder on 6/16 MTXX received an FDA warning letter on Zicam nasal cold medicine, and that the company must remove the products from the market; in letter FDA commented that usage of Zicam may cause loss of sense of smell and/or taste
[13:31] {Threei} I don't get it
[13:31] {Threei} in current stinking financial and otherwise environment, how can loss of smell be a bad thing?
[13:31] {BillyD} neurotic jellyfish PARD
[13:32] {Threei} lol
[13:32] {Threei} hysterical amoeba
[13:32] {BillyD} yep
[13:40] {BillyD} MTXX straight up
[13:41] {Threei} RU) Russian Pres Medvedev calls for ban on sale and use of incandescent lights over 100W to preserve energy
[13:41] {Threei} - plans to ban manufacture of incandescent lamps over 100 watts starting Jan 1, 2011
[13:41] {Threei} data shows some degree of smell loss in 3.6 cases for every 100K units sold, peak rate at 6.7 cases per 100K in 2004
[13:41] {Threei} - Calls procedures to handle complaints were not followed
[13:47] {BillyD} Vad, u watching MTXX for a play
[13:48] {Threei} it gives scalps but too fast for a call
[13:48] {BillyD} ok
[13:49] {Threei} drop into 6, I would be all over it
[13:49] {Threei} here, it's kind of "hit it if you can read it in time, no way to cal it in advance"
[13:49] {BillyD} I wanted near 6.5 on 1st pullback
[13:56] {Threei} 56% Dont Want To Pay More To Fight Global Warming
[13:56] {Threei} not only can't I blame them... I don't get what the remaining 44% are thinking
[13:57] {nemo} you're assuming they're thinking
[13:57] {dino} .
[14:00] {Threei} White House Press Sec: US President Obama disappointed by the jobs figures released today; there are signs recovery plans are working
[14:00] {Threei} - sees beginnings of stabilization 'taking hold'; yet expecting unemployment to grow
[14:00] {Threei} disappointed eh?
[14:05] {dino} he's always "disappointed" or "deeply concerned"
[14:11] {Threei} can you blame him? world is soo imperfect
[14:12] {Threei} reminds me an ancient joke about old grumpy tailor
[14:12] {Threei} customer ordered trousers, tailor said "2 months"
[14:13] {Threei} guy said, are you crazy, world was created in just a wekk
[14:13] {Threei} tailor, grympy: yeah, and look at this world...
[14:14] {Raven} {------ pearched, looking at world
[14:15] {Raven} perched
[14:15] {Raven} sheesh
[14:15] {nemo} Ha! Reminds me of the Farside Cartoon, "How Birds see the World"
[14:15] {Threei} {--- moves away so he is not positioned directly under the perch
[14:15] {Raven} wise man
[14:15] {nemo} that's how birds see the world
[14:16] {nemo} scary, this asylum has at least three people who think the same way
[14:16] {Raven} asylum it is
[14:19] {nemo} market ekg went flat....................................................................................................................................................................................................................................................................................
[14:23] {ese} the one time i'm away and it doesn't say it.....
[14:24] {nemo} say what ese?
[14:25] {ese} ese is away(auto away)
[14:29] {dino} dino is here (barely)
06[14:33] * nemo is here (in spirit)
[14:33] {_johnnyj} lit match in my right hand - firecracker in my left
[14:34] {nemo} what are you typing with?
06[14:34] * Threei closes his eyes to avoid seeing an answer
[14:34] {_johnnyj} lol.... don't think, trade
[14:35] {dino} lit match in one hand, gasoline can in other, dangerous situation (fire marshall bill)
[14:36] {nemo} Hey, Vad...better scratch this log after noon
[14:36] {dino} scratch this, lol
[14:36] {Threei} why?
[14:37] {Threei} let the world see you for what you are
[14:37] {nemo} see Dino's comment...conversation went into the hopper, especially afte that Raven character piped up
[14:37] {BillyD} lol....
[14:37] {dino} just trying to stay awake
[14:37] {nemo} church has a team of exorcists trying to keep me under wraps
[14:37] {Threei} hey!!
[14:38] {Threei} guess who is on TV
[14:38] {nemo} the savior
[14:38] {nemo} the anti-me
[14:38] {dino} supreme ruler
[14:38] {nemo} grand poobah
[14:49] {magoo} AIG here lord vader?
[14:50] {Threei} no, no likey this one here
[14:50] {Threei} MTXX on the other hand...
[14:50] {Threei} maybe stabilized
[14:50] {Threei} keeping an eye on it for .90 triger
[14:53] {BillyD} stop under .70 on it
[14:54] {Threei} or under .75 for scalpers
[14:55] {Threei} actually... for scalpers under .80
[15:01] {dino} yawn, wynn stop to .65
[15:02] {dino} out wynn .65, +.15 hours
[15:04] {dino} esi gap fill
[15:07] {BillyD} missed my ELN short
[15:14] {ese} too all the american all have a great fourth of July EHHH! We'll catch you next off to a rehearsal.
[15:14] {BillyD} MTXX was too stubborn to move off .90 area
[15:14] {ese} see ya vad
[15:15] {Threei} take care ese, have a good one
[15:15] {fernp} bye ese
[15:16] {dino} cya es
[15:19] {jfjf64} im back
[15:19] {jfjf64} what up my boys
[15:20] {jfjf64} how was afternoon
[15:20] {Threei} neo and dino were talking abut scantily clad women
[15:21] {Threei} I was talking about old grumpy tailors
[15:21] {jfjf64} .71 ltza
[15:21] {Threei} Raven perched
[15:21] {Threei} that's about it
[15:21] {Raven} sigh
[15:21] {jfjf64} lol
[15:22] {Threei} oh, and collectively we came to conclusion this room is asylum
[15:22] {jfjf64} in
[15:23] {jfjf64} out
[15:24] {Threei} AIG fell off a cliff
[15:24] {jfjf64} ouch got out way to soon
[15:24] {nemo} RIMM tck and FCX also
[15:25] {nemo} gotta' go, c u Monday
[15:26] {Threei} take care nemo
[15:26] {nemo} take it any way I can get it
[15:26] {jfjf64} later
[15:27] {jfjf64} ty tza
[15:27] {dino} later nemo
[15:27] {jfjf64} im patten myself on back
[15:29] {Threei} you beter leern to tipe... and spel.. akkordin to a grammer
[15:30] {jfjf64} 5 coronas at pool party sorry grammer
[15:30] {dino} nice
[15:30] {BillyD} have a nice wknd all...gotta run
[15:30] {jfjf64} dont tell there parents have 20 kids here
[15:30] {dino} cya billy
[15:31] {jfjf64} later billy d
[15:31] {jfjf64} got out way too soon look at tza 2/1
[15:32] {Threei} take care billy
[15:35] {jfjf64} s omx .59 one more guys
[15:38] {jfjf64} stoped
[15:44] {dino} penn l .35
[15:50] {dino} out penn .47, +.12
[15:54] {dino} oh well, calling it a day/week guys. thx
[15:55] {dino} cetv pops
[15:56] {fernp} have a nice weekend all. see u on monday
[15:56] {Threei} take care fern
[15:56] {Threei} ok guys
[15:56] {Threei} unexpectedly nice day
[15:56] {dino} ditto
[15:57] {Threei} no objections here
[15:57] {Threei} let's have a great relxing weekend
[15:57] {Threei} hapy 4 th of July everyone
[15:57] {Threei} see you all on Monday
[15:58] {Alw} ty

Wednesday, July 1, 2009

Session Time: Wed Jul 01 2009

Same comment as yesterday.

Session Time: Wed Jul 01 00:00:00 2009

[08:32] {Threei} what the deuce?
[08:32] {Threei} AIG??
[08:32] {Threei} oh, reverse split...
[08:34] {Alw} gm
[08:34] {Threei} Alw :)
[08:46] {BillyD} gm\
[08:46] {Threei} Billy :)
[08:51] {fernp} good morning everybody
[08:51] {nemo} hello
[08:51] {Threei} fern, nemo :)
[08:53] {magoo} gninrom
[08:53] {Threei} magoo :)
[08:53] {nemo} mags, look
[08:55] {ese} gm
[08:56] {Threei} ese :)
[08:59] {magoo} BEAT
[08:59] {magoo} MYGN FRPT wrecked
[09:00] {ese} Oshkosh Corp. (OSK) surged 27% in after-hours trading yesterday after the maker of military vehicles won a $1.06 billion US Defense Department contract to make all-terrain trucks that would protect troops in Afghanistan from roadside bombs
[09:01] {Threei} Yesterday 20:05 BEAT Cuts FY09 forecast to $0.30-0.35 v $0.64e ($0.69-0.73 prior), R $156-160M v $170.6Me (R $170-175M prior)
[09:01] {Threei} - The company says that it is unable to give a forecast for 2010 and 2011.
[09:01] {Threei}
[09:01] {Threei} and couple donwgrades
[09:09] {ese} dino's gonna love this one........dn 6+ from the get go
[09:11] {dino} gm all
[09:11] {Threei} dino :)
[09:13] {nemo} lookie mygn
[09:14] {Threei} scary even to look at
[09:14] {nemo} Double Diamond ski slope
[09:14] {Threei} no support whatsoever on daily
[09:14] {dino} -6% on revs. gets a -23% drop mygn?
[09:15] {dino} 25 area imo
[09:16] {nemo} You know what they say about opinions...:)
[09:17] {dino} chair for every ass
[09:17] {cosmo} they grow in bunches?
[09:17] {nemo} not fit for this venue
[09:17] {nemo} mygn at support going back to Oct 2008
[09:18] {Raven} lol cosmo ... try to focus please :)
[09:18] {cosmo} wide focus
[09:19] {Raven} understand
[09:19] {nemo} Great...we have adult supervision today :(
[09:19] {Threei} thank goodness
[09:19] {Raven} much needed supervision
[09:19] {cosmo} dont look at me....
[09:19] {Raven} Mr Paranoid
[09:19] {nemo} cosmo...stop while you're behind
[09:20] {jfjf64} mornin
[09:20] {cosmo} hmm
[09:20] {nemo} accurate analysis jf
[09:20] {ese} JF
[09:20] {Threei} I thought it was "shop", nemo...
[09:20] {Threei} jf :)
[09:20] {magoo} R
[09:20] {magoo} A
[09:20] {magoo} V
[09:20] {magoo} E
[09:20] {magoo} N
[09:20] {nemo} took you a while to find the "N" mags?
[09:21] {Raven} amazed that he even found it
[09:21] {Threei} lol
[09:21] {magoo} sheesh..u noticed that
[09:21] {jfjf64} ya stalkin anythi vad
[09:21] {nemo} no mags, pulled the comment right out of my.....
[09:22] {Threei} after initial ecitement is over, looking to short NVAX
[09:22] {nemo} base metal stocks seemed to have jumped on oil
[09:23] {Threei} AGEN, 2.10 break is critical for continuation
[09:23] {jfjf64} what uip aig
[09:23] {nemo} reverse split
[09:23] {jfjf64} ty
[09:23] {Threei} yeah, that was my first shock of the day jf, lol
[09:27] {jfjf64} hopein the mornin good for us im thinkin as we get later in week afternoons will be dead
[09:27] {Threei} short day tomorrow? or full?
[09:28] {nemo} play by ear leaning to short
[09:28] {BillyD} full day vad
[09:29] {jfjf64} my goal 25 cents a day short long depends
[09:29] {jfjf64} thats not askin much correct
[09:30] {magoo} PARD vad
[09:30] {Threei} offer half AGEN into spike over 2.10
[09:30] {Threei} if you took big position, you have nice profit
[09:32] {Threei} Short Setup: SWY 20.30
[09:32] {Threei} if stays below .45
[09:33] {Threei} is there any news on PARD but reiterated target?
[09:34] {magoo} last nite
[09:35] {jfjf64} look aig
[09:35] {jfjf64} missed 20.92 entry
[09:35] {Threei} sheesh
[09:36] {Threei} lol
[09:36] {magoo} reverse split
[09:39] {ese} out fitb .21 from "yesterday....all my troubles seemed so far away" +.20 on 6k to start
[09:39] {jfjf64} nice ese
[09:39] {dino} wynn sm l .50
[09:40] {ese} tks
[09:42] {ese} someone take a look at intc daily...give me an estimate far will it go
[09:42] {ese} broke away from 3 month high
[09:43] {nemo} 17.64 next resistance then about 18.92
[09:43] {magoo} RIMM vad
[09:43] {ese} tks nemo
[09:43] {Threei} not ready yet mags
[09:44] {magoo} i caught .21 to 56
[09:44] {magoo} out
[09:44] {BillyD} nice magoo
[09:44] {nemo} top ticks it
[09:45] {magoo} dioont like going againsyt the boss tho
[09:45] {magoo} he always wins
[09:45] {BillyD} lol
[09:45] {magoo} just laid it out there nemo
[09:46] {BillyD} PARD may be a short on .80 break for scalp....tough one though
[09:47] {magoo} vad..u thinking 69.60 area rimm?
[09:48] {Threei} totally market dependent
[09:48] {magoo} dont wory ..i have ,my depends
[09:48] {magoo} depends
[09:48] {magoo} dependent
[09:48] {Threei} that was last of my worries to say honestly {G}
[09:49] {nemo} at least you don't have to leave your computer mags
[09:49] {level777} for amusement purposes, take a look at NVNC, its otcbb
[09:51] {ese} Lfitb .14
[09:51] {dino} ghm l .50 thin
[09:54] {dino} schn getting some back
[09:54] {dino} .50 sm l trig
[09:57] {wulff} look at BOOM
[09:58] {Threei} Long Setup: WFC .46 break
[09:59] {BillyD} stop is wfc
[09:59] {Threei} if stays above .35 for day trade, above .40 for hardcore scalpers
[10:00] {Threei} MAY PENDING HOME SALES (M/M): 0.1% V 0.0%E
[10:00] {Threei} MAY PENDING HOME SALES (M/M): 0.1% V 0.0%E
[10:00] {nemo} invalidate scalp?
[10:00] {Threei} *JUNE ISM MANUFACTURING: 44.8 V 44.9E; PRICES PAID: 50.0 V 47.0E
[10:00] {nemo} invalidated
[10:01] {dino} schn stopped -.30
[10:01] {Threei} MAY CONSTRUCTION SPENDING (M/M): -0.9% V -0.6%E
[10:03] {Threei} Long Setup: SPPI .80 break
[10:03] {Threei} if stays above .70
[10:04] {BillyD} you see news on SPPI....did secondary at 7.15
[10:05] {Threei} SWY finally triggered
[10:05] {BillyD} it hit .46 right
[10:06] {Threei} briefly touched on a quick spike
[10:06] {Threei} 10:05 AM [SPPI] Hearing Credit Suisse making positive comments (timing uncertain)
[10:08] {Threei} L7, remember I mentioned TSTR resumption yesterday?
[10:09] {Threei} no go SPPI
[10:09] {BillyD} Vad, see hwere APPY pre mkt 3.10
[10:09] {dino} mygn sm l .00
[10:10] {Threei} someone very enthusiastic I guess
[10:10] {BillyD} not anymore
[10:12] {wulff} WFC getting close
[10:17] {dino} spike
[10:20] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:20] {Threei} **consensus expectations:
[10:20] {Threei} Crude: -1.5Me
[10:20] {Threei} Gasoline: +2Me
[10:20] {Threei} Distillate: +1.5Me
[10:20] {ese} l fitb again .14
[10:21] {BillyD} OMN nice chart
[10:21] {ese} 2 buy ins at .14 have not sold yet
[10:22] {Threei} Short Setup: RIMM .85
[10:22] {Threei} if stays below 71
[10:22] {ese} just a matter of time.....not the scalp trade i had imagined butttttttt!
[10:22] {magoo} out wfc here TY vad +.16
[10:23] {ese} crap fitb stopped .08
[10:23] {ese} you piece of ^%$%^
[10:24] {ese} definately not the scalp trade i had imagined
[10:26] {ese} man what a lying 2 bit peice fill in the blanks........everything point up market up
[10:26] {Threei} RIMM invalidated
[10:27] {Threei} and SWY no worky
[10:27] {dino} schn big rinse
[10:27] {Alw} Vad - have you got time for a dumb question?
[10:27] {nemo} oil draw downs must have been bigger than expected
[10:27] {Threei} sure
[10:27] {ese} L fitb .08
[10:27] {dino} wynn to .09
[10:28] {dino} out +.59 wynn
[10:28] {magoo} allow me ESE...........$#@#!!
[10:28] {level777} CALM
[10:28] {Alw} Ok - I bought AGEN - 1500 shares at 2.02 ystday and missed the opening sale - everything moved a little faster than I thought. I'm not exactly sure how to handle the trade from this point. Any advice appreciated. thks
[10:28] {ese} exzactly
[10:28] {ese} tks mags
[10:30] {Threei} I'd keep .92 stop at this point
[10:30] {ese} how many shs and whats your risk paremeters
[10:30] {Alw} ty
[10:30] {Threei} today's low is .93, so let's cut it if trades under that
[10:30] {Alw} ok
[10:30] {jfjf64} sppi vad
[10:31] {dino} out ghm ave .72, +.22
[10:31] {Threei} hard to tell jf
[10:31] {Threei} not sure
[10:32] {jfjf64} ty
[10:32] {Threei} DOE CRUDE: -3.7M V -1.5ME; GASOLINE: +2.33M V +2ME; DISTILLATE: +2.9M V +1.5ME
[10:32] {nemo} that's why metals through the roof
[10:34] {ese} dino you in anything?
[10:34] {nemo} mygn
[10:35] {ese} long or short where
[10:35] {nemo} l 27.00
[10:36] {magoo} i like aapl short scalp
[10:36] {BillyD} Vad, NVAX stair stepping down
[10:36] {ese} Ok i'm joining ya bstop .01 small when it gets back there
[10:37] {Threei} I'd try to short .10 break on NVAX
[10:37] {BillyD} stop over .15 too tight?
[10:38] {Threei} for a scalp, seems right
[10:38] {BillyD} thx
[10:39] {dino} mygn stopped .74-.26
[10:39] {ese} bstop .01 removed
[10:39] {dino} acor
[10:41] {Threei} LOGM IPO opens for trading at $20 (20.07, 0.00, 0.00%)
[10:43] {level777} priced 16
[10:44] {level777} SKBI priced today 12.98
[10:45] {jfjf64} was that ipo also
[10:48] {jfjf64} i will short aig at 17.53
[10:48] {jfjf64} sorry 19.53
[10:49] {dino} gun to the head, pullback
06[10:49] * nemo stands behind dino with a desert eagle
[10:49] {jfjf64} lol
[10:49] {dino} lol
[10:51] {jfjf64} finger on trigger withh ya eagle
[10:51] {nemo} not until I'm ready to pull
[10:51] {nemo} on the frame
[10:52] {magoo} covered aapl sh here ..+ .23
[10:52] {magoo} short rimm from .59
[10:52] {magoo} cov gherree .23
[10:52] {magoo} ty boss
[10:53] {dino} sm s schn .00
[10:53] {Threei} hmm?
[10:53] {magoo} aapl rimm shorts:)
[10:53] {Threei} you are welcome of course
[10:56] {Threei} SEC approves measure by 5-0 to allow investor 'say on pay' proposals at companies who have received Govt capital (related XLF )
[10:57] {Threei} NVAX hit 1:1 for pesky scalpers
[10:57] {dino} means nothing, mutuals and hedge funds control
[10:58] {dino} schn stop to .90
[11:02] {vinod} gm to all
[11:02] {Threei} vinod :)
[11:02] {fernp} gm
[11:06] {jfjf64} aig s 53
[11:07] {jfjf64} 1/1
[11:07] {nemo} why .53 jf?
[11:09] {jfjf64} out
[11:09] {jfjf64} .53 was low of day when opened
[11:10] {jfjf64} little somethin keep up my sleeve lol
[11:10] {dino} lol
[11:11] {jfjf64} great exit if i say so my self
[11:12] {dino} schn to .78
[11:12] {dino} jumpy
[11:12] {dino} say it jf
[11:13] {jfjf64} you in schn
[11:13] {dino} short
[11:13] {jfjf64} dino
[11:14] {jfjf64} s .78
[11:14] {dino} :)
[11:14] {dino} s .00
[11:14] {dino} bstop .78
[11:14] {dino} stopped +.22
[11:15] {jfjf64} nice exit dino
[11:15] {ese} out intc 17.20 +.85 on's gonna be a nice summer
[11:16] {BillyD} wow ese, way to go
[11:16] {jfjf64} wow big guy
[11:16] {jfjf64} ya a player
[11:16] {Threei} eeck
[11:16] {jfjf64} nice nice
06[11:16] * Threei slaps ese around a bit with a large roll of cash
[11:16] {jfjf64} ditto
06[11:16] * Threei kicks ese out for indecent profits
[11:17] {dino} wtg es
[11:17] {ese} I thought i could smell money there last week
[11:17] {ese} tiks
06[11:17] * Threei changes his mind, opens door for ese and invites him back in, hinting that sharing is the best way to live one's life
[11:18] {ese} done
[11:18] {nemo} can take the boy out of communism, but can't take communism out of the boy
[11:18] {jfjf64} lol
[11:19] {Threei} only when it comes to someone else's money nemo... I remain truly capitalistics when it comes to mine {G}
[11:20] {nemo} Yeah, ex's refrain, "What's ours is mine, what's yours is mine, what's mine is mine"
[11:20] {ese} i'll second that one
[11:20] {nemo} at least she gave me vaseline
[11:20] {dino} lol
[11:21] {Threei} or cure version I like: Let's eat your lunch first, then each weats his own.
[11:21] {Threei} cure = cute
[11:21] {nemo} how long did you hold for ese?
[11:22] {dino} 5 years
[11:22] {nemo} DH dino
[11:22] {dino} lol
[11:23] {dino} gun to head was right
[11:24] {dino} mygn going to hold?
[11:25] {ese} just looking at that now nemo.....
[11:26] {ese} 06 /25 4/5 days
[11:27] {magoo} AIG getting crushed
[11:27] {ese} the day that it hit 16.30 7 day high
[11:27] {dino} as it should
[11:27] {magoo} gonna go back to single digits
[11:27] {dino} reverses are never a good thing imo
[11:32] {dino} last try mygn sm l .20
[11:32] {jfjf64} slleppin here sppi
[11:34] {Threei} you took .80 break?
[11:35] {Threei} it consolidated for so long, I forgot about it
[11:35] {jfjf64} nope
[11:35] {jfjf64} grrrr
[11:36] {jfjf64} ese distracted us with that monster lets blame ese
[11:36] {nemo} frickin' musicians
[11:37] {jfjf64} he it steak all weekend me peanut butter and jelly
[11:38] {dino} kb
[11:38] {jfjf64} lol
[11:38] {ese} go ahead.......inflated ego at this point can now take all abuse
[11:39] {dino} .
[11:41] {ese} question is with intc is....where is it going to pullback to so that it can be scalp traded
[11:41] {ese} probably 17
06[11:42] * magoo slaps ese around a bit with a large trout
[11:43] {ese} tks needed that
06[11:43] * magoo slaps ese around a bit with a large trout
06[11:43] * magoo slaps ese around a bit with a large trout
06[11:43] * magoo slaps ese around a bit with a large trout
06[11:43] * magoo slaps ese around a bit with a large trout
[11:43] {dino} sm l acor .85
[11:43] {ese} picture heading flinging from side to side
[11:44] {magoo} just read how much ching ching u made
[11:44] {Threei} NVAX new low
[11:44] {Threei} I am not in hurry to cover
[11:45] {dino} schn going for open gap fill
[11:46] {dino} beers are on es
[11:46] {nemo} Centenaire Drambuie is on es
[11:47] {nemo} also, all the Bernkastler Doktor Trockenbeerenauslesen I can find
[11:47] {magoo} HELL..plane tickets to vegas for everybody on ese
[11:48] {nemo} hookers
[11:48] {nemo} Schaffen for Ksystems
[11:49] {nemo} How else can we spend ese's money?
[11:50] {Threei} plane tickets? what about hotel??
[11:50] {nemo} They're probably given rooms away
[11:50] {magoo} we'll need gamblin' $$
[11:55] {nemo} ese better hit another couple of trades
[11:55] {ese} i'll say
[11:56] {ese} still long fitb .08 by the way
[11:58] {Threei} EUR/USD (CH) China has asked G8 summit to discuss issue of new glo0bal reserve currency
[12:01] {dino} mygn stopped done w/it
[12:05] {dino} schn sm l .50
[12:13] {Threei} Fed's Evans: The 'good bank, bad bank' approach appears to have merit - Q (related XLF )
[12:13] {Threei} we are still talking abut that?
[12:13] {Threei} I thought financial sector stablized
[12:14] {Threei} Alw... now that you are bacl to breakeven or slightly positive on AGEN, put a stop under 2
[12:14] {Threei} either it makes money for you from now on or cut it at 1.99
[12:16] {Threei} F Reports June US vehicle sales -11.3% v -13%e (unadjusted) (6.20, 0.13, 2.14%)
[12:19] {Alw} how close - out now?
[12:21] {Threei} I would
[12:22] {Threei} no continuation after brief spike, so it can drift for who knows how long
[12:22] {Threei} the game we counted on is over, what happens next is another game
[12:23] {Alw} ty - out 1500 at 2 -.02 small loss easy to endure while learning
[12:24] {dino} pwrd
[12:24] {ese} definately.....thats exactly the way i felt when i started to learn how to scalp
[12:50] {dino} ghm l ave .48
[13:01] {Threei} Chrysler reports June vehicles sales -42%
[13:01] {BillyD} big miss
[13:13] {Threei} this week is beyond useless
[13:13] {BillyD} ditto
[13:13] {Threei} not very surprising, short week in the summer
[13:13] {BillyD} I lack the words to truly desribe
[13:14] {Threei} I don't
[13:14] {Threei} but none of them is suitable for print
[13:15] {BillyD} only way to look at it "it is what it is"
[13:16] {Threei} F Exec: Tides seem to have shifted on the economy - sales call (6.12, 0.05, 0.82%) \
[13:25] {ese} out fitb .14 +.06 with 20k
[13:25] {ese} i'm done for the day..........
[13:26] {Threei} Rage for Revenge, eh?
[13:26] {BillyD} gj ese
[13:26] {vinod} I still have AGEN waiting for 2.50
[13:26] {ese} tks
[13:26] {nemo} got a while to wait vino
[13:26] {ese} never heard that one vad.......whats that one mean
[13:27] {Threei} title of one of the books by David Gerrold... he had a knack for titles like this
[13:27] {Threei} A Matter for Men
[13:27] {Threei} A Day for Damnation
[13:27] {ese} it's interesting thats for sure
[13:27] {Threei} A Season for Slaughter
[13:28] {Threei} A Method For Madness
[13:28] {ese} are those fiction?
[13:28] {Threei} A Time for Treason
[13:28] {nemo} A Reason for R...nevermind
[13:28] {Threei} A Case for Courage
[13:28] {Threei} sci fi
[13:28] {nemo} A Shibboleth for Schlomo
[13:28] {Threei} hey, guess who is where
[13:29] {ese} funny .....
[13:29] {Threei} or who is on what
[13:29] {ese} ?
[13:29] {nemo} What's he saving today?
[13:29] {Threei} hint... he is on that every day
[13:29] {ese} ummmmmm
[13:29] {Threei} come on ese
[13:30] {Threei} it's easy
[13:30] {Threei} who are you guaramteed to see every day of you have TV on
[13:30] {ese} but i don't haVE TV
[13:30] {Threei} ah
[13:31] {ese} opps ...capitol letters
[13:31] {Threei} is it euphemism for vasectomy?
[13:33] {ese} ha ....good one
[13:33] {Threei} DCGN
[13:33] {Threei} Decode Genetics Update: deCODE-led Megastudy Finds New Genetic Clues to Causes of Schizophrenia
[13:33] {Threei} - The study, by a multinational consortium of scientists led by a team from deCODE genetics, analyzed the genomes of more than 50,000 patients and control participants from fourteen countries.
[13:33] {Threei} - It is published today in the online edition of Nature.
[13:35] {ese} where am i ...........what am i doing here........there after me....dino mags.......somebody protect me!!!!!!!! ahhhhhhhhhhhh!!!!!!!!!
[13:37] {ese} nemo.....ahhhhhh haaaaaaa!!!! your a fish masquerading as a trader.....somebody protect me!!!!!!
[13:37] {nemo} money has gone to his head
[13:37] {ese} a fish in a cartoon no less
[13:37] {ese} my kids love you nemo
[13:38] {nemo} or man in a fable
[13:38] {nemo} or sea captain in science fiction
[13:38] {nemo} did I tell you my real name is Michael Jackson
[13:38] {ese} all those are characters as well
[13:38] {ese} ha ha ha ha too funny
[13:40] {ese} hmmmmmmm just thought of something......this is going to appear in your trading room blog at the end of the day iisn't it Vad? whoooops!
[13:40] {nemo} janitor is pretty pissed
[13:40] {Threei} no... he doesn't consider it a stuff to be edited out
[13:40] {Threei} he doesn't care
[13:40] {Threei} he sleeps this one out
[13:42] {nemo} ese, I think you might be a couple more sandwiches short of a picnic than I am
[13:42] {dino} gxdx
[13:43] {ese} good one.......lots of sayings today i haven't heard before
[13:51] {Threei} what a wording
[13:51] {Threei} if Americans don't show they want change, lobbyists will defeat plan
[13:52] {Threei} a lot of conclusions can be made
[13:52] {Threei} -lobbyists are not americans
[13:52] {Threei} -lobyists are enemies
[13:53] {nemo} the asshole forgot when he was railing against the bondholders of the auto companies that many of them were retirement funds for his constituents, but don't let facts get in the way of goo rhetoric
[13:53] {Threei} lobby is against americans' best interests by default
[13:54] {Threei} business is being pitted against people
[13:54] {Threei} class warfare at its best
[13:54] {ese} never looked at it that way....class warfare
[13:55] {level777} its not the lobbiests that're the bad guys so much as the politicians that take all the payoffs & percs from them to make policy
[13:55] {nemo} it's always worked
[13:55] {ese} hmmmmmmm thats food for thought
[13:55] {nemo} same way for race...they're both big business
[13:55] {BillyD} agree L7...they are the real traders
[13:55] {dino} hl l gxdx .15
[13:56] {nemo} surprised that one didn't come up earlier for a short
[13:58] {Alw} Vad - with DCGN what are you looking for?
[13:59] {Threei} nothing... not of interest to me at all
[13:59] {Alw} ty
[14:01] {vinod} interested in only Vodka for long weekend?
[14:01] {nemo} You guys sitting down?
[14:01] {nemo} I basically stopped drinking
[14:01] {vinod} lousy weather and same for market too
[14:02] {Threei} 15 minutes ago nemo?
[14:02] {dino} lol
[14:02] {nemo} nah...I'll have one during the day, but it was messing with my sleep...I'm actually sleeping better
[14:02] {Threei} as in: "Doctor told me to quit stop drinking... so I did... well, it's been two hours"....
[14:03] {nemo} two weeks
[14:03] {Raven} So sorry to hear that, nemo
[14:03] {Threei} lol
[14:03] {dino} you were not drinking enough nemo
[14:03] {nemo} except for the wash down with the sandwich the other day
[14:03] {nemo} wow...Raven piped up
[14:03] {nemo} Oh...I was drinking enough
[14:04] {Raven} if it is worth doing nemo, it is worth doing to excess
[14:04] {nemo} Used to be my battle cry
[14:05] {nemo} When departing company I'll say, "Don't do anything I wouldn't do." People who knew me "back when" laugh, saying, "Well, that leaves us a lot of latitude."
[14:05] {nemo} To which I reply, "Nah, hurts too much now."
[14:05] {dino} "one for the ditch"
[14:06] {nemo} I remember when I had this Navy Captain trying to follow me on a double diamond about crash and burn.
[14:06] {nemo} I go back to dig him out and he says, "I don't know what I was thinking following you."
[14:07] {nemo} Now I'm him...
[14:07] {nemo} 25 years later of course
[14:07] {Threei} die already NVAX
[14:07] {nemo} would have been much better off shorting FCX or RIMM
[14:08] {dino} gxdx stopped -.20
[14:10] {ese} dino did you make anything on mygn
[14:10] {nemo} wonder if RIMM will find support here at morning lows
[14:10] {nemo} fcx at morning support too
[14:11] {dino} nope
[14:11] {jfjf64} what up guys i miss anythin
[14:11] {ese} you gave it another shot right...closer to 26
[14:12] {dino} lost twice, off screen
[14:12] {ese} hmmm
[14:25] {Threei} 3 loss should be it for NVAX
[14:38] {Threei} good boy NVAX
[14:39] {Threei} over 1:1
[14:42] {Threei} covered 1/2 .96
[14:42] {Threei} +.11
[14:42] {jfjf64} nice
[14:44] {dino} beat l .70
[14:56] {jfjf64} s xl .36
[15:04] {wulff} +.75 sh RIMM
[15:04] {Threei} nice one
[15:05] {wulff} small
[15:05] {Threei} ok... nice albeit small
[15:09] {level777} sppi breakdown
[15:10] {ese} who the johnny j
[15:11] {jfjf64} ditto lol
[15:11] {jfjf64} vads boy from russia
[15:11] {BillyD} lol
[15:13] {Threei} meanies
[15:13] {ese} johnny my man!!! give it up
[15:14] {Threei} IMF's Lipsky: July 7 report will revise forecasts higher - CNBC interview
[15:14] {jfjf64} who says he gets kicked off server comon anybody
[15:14] {ese} vad says
[15:16] {jfjf64} took evev xl
[15:18] {Threei} NVAX makes my heart warm
[15:18] {jfjf64} ya still in
[15:18] {Threei} 1/2
[15:18] {jfjf64} from what time
[15:19] {Threei} 3.07
[15:19] {Threei} I can tell you for sure it was today... even though feels like a week ago
[15:22] {BillyD} ISLD seems to be last ECN hit these days even on thick stocks
[15:27] {_johnnyj} sorry for the aborted login attempts... how is everyone?
[15:27] {nemo} coma
[15:28] {_johnnyj} I am Vad's boy from way back... returning member
[15:28] {ese} my goodness fella.......bit of a trial there ah?
[15:28] {_johnnyj} aptitude test
[15:30] {ese} yup ....vad gives us all"What is money?" What is a Stock?" stuff like that to get onto the board
[15:30] {Threei} hi jonny
[15:30] {Threei} never mind these meanies
[15:30] {_johnnyj} dino and magoo old timers... good to see familiar names
[15:31] {ese} good to meet ya!
[15:31] {_johnnyj} magoo was a capit play guy as I recall
[15:32] {Threei} and btw, gues what... about 70% fail that test that ese described
[15:32] {nemo} that's because you give it in Russian
[15:32] {ese} ya i did.....6 or 7 times
[15:33] {Threei} nemo, you say it as if it makes any difference for those who can't read
[15:34] {Threei} CNBC's Gasparino: Govt may 'strong arm' Citi or BAC to sell assets into PPIP program
[15:34] {dino} hey johnny
[15:35] {_johnnyj} hey dino
[15:39] {_johnnyj} poor rimm needs to get washed b4 any interest returns
[15:40] {Threei} I'd think it's general market comatose
[15:40] {Threei} short week in the midst of summer...
[15:40] {magoo} hey jonny:)
[15:40] {jfjf64} hay johnny j welcome
[15:40] {Threei} who has trading on their mind as a first priority
[15:41] {_johnnyj} magoo... for some reason when I see your name I remember Vad's mastery of a little stock called mama
[15:41] {magoo} wow..way back
[15:42] {_johnnyj} many years... he made us a small fortune
[15:42] {jfjf64} still same vad
[15:42] {Threei} wow... MAMA, that;'s a blast from the past
[15:42] {Threei} changed symbol since then
[15:43] {Threei} became CNIC I think
[15:43] {BillyD} it had to Vad
[15:43] {Threei} lol, true
[15:43] {BillyD} lol
[15:43] {_johnnyj} lol
[15:43] {Threei} what was you nick back then johnny?
[15:44] {_johnnyj} cannot remember.. took my money and bought a business and recently sold
[15:44] {ese} outta here for the day all...see ya tomorow
[15:44] {_johnnyj} so, here I am
[15:44] {Threei} good move
[15:44] {Threei} take care ese
[15:44] {Threei} so, wait a min
[15:45] {Threei} you made money on y MAMA call, bought and sold business... and I don't get my %???
[15:45] {Threei} life is so unfair
[15:46] {_johnnyj} wasn't just mama.. but your feel for the market was amazing
[15:48] {dino} beat stopped -.10
[15:49] {fernp} see you all tomorrow. good evening
[15:49] {Threei} take care fern
[15:53] {jfjf64} dam was watchin this var .02 entry
[15:54] {BillyD} jf, thanks for XL trade a scalp off it
[15:55] {jfjf64} anytime
[15:55] {jfjf64} this var wd of been nice it shot so fast past my trigger
[15:59] {BillyD} NVAX takin gya to the wire Vad lol
[15:59] {Threei} I don't take it home
[15:59] {Threei} but the idea of shorting it will be back on agenda
[15:59] {BillyD} I wouldn't
[15:59] {BillyD} agree
[15:59] {jfjf64} gn all see ya tomorrow
[16:00] {BillyD} bye all thx
[16:00] {Threei} okay guys
[16:00] {Threei} thank you all
[16:00] {_johnnyj} g nite
[16:00] {Threei} have a good evening,. see you tomorrow
[16:00] {Alw} ty