RealityTrader Trading Log

Monday, August 31, 2009

Aug 312009

Not bad for the Monday and last day of the month: slow but steady 40 cents on VICL, 20 cents on BAC, something decent on AIG, 15 cents stop on half lot attempt to shoret RIMM, then nice momentum play on SVA. All in all, August was a very nice month for us.

Session Time: Mon Aug 31 00:00:00 2009

[07:52] {magoo} morning
[07:56] {Threei} good morning
[07:57] {magoo} :)
[07:58] {magoo} neg comments on AIG this morn...overpriced
[07:58] {Threei} LOL
[07:58] {Threei} it's overpriced ever since it started moving at all
[08:04] {Threei} SVA H1N1 Vaccine Passes Experts Evaluation Organized by SFDA
[08:04] {Threei} Sinovac Biotech H1N1 Vaccine Passes Experts Evaluation Organized by SFDA
[08:04] {Threei} - Announced today that Sinovac''s H1N1 vaccine has passed the experts evaluation organized by State Food and Drug Administration (SFDA).
[08:04] {Threei} - The vaccine is expected to obtain the production license within this week.
[08:04] {Threei} - Sinovac submitted the H1N1 split influenza vaccine without adjuvant for registration approval, which is applicable to all people from 3 to 60 years old.
[08:04] {Threei} - The dosage is 15ug/0.5ml/dose. Only one shot is needed for inoculation.
[08:21] {Threei} SVA is quite perky
[08:22] {Threei} in the same group, BCRX is so so
[08:22] {Threei} NVAX is miserable
[08:43] {brian3579} gm all
[08:43] {Threei} brian :)
[08:44] {nemo} mischief maker has joined the crowd
[08:44] {Threei} that's your way to annouce your arrivale nemo?
[08:44] {Threei} sheesh, typing
[08:45] {nemo} no...Loki...Thor's brother
[08:45] {Threei} celtic mythology?
[08:45] {nemo} Ragnaroc must be upon us...Norse
[08:46] {nemo} Days of the week in English actually come from Norse mythology
[08:46] {nemo} Thursday is Thor's day
[08:46] {nemo} Wednesday Wodin (Odin)
[08:46] {nemo} Friday Freia, etc.
[08:46] {nemo} I got more useless trivia than Carter has little liver pills
[08:47] {brian3579} jokes nemo
[08:47] {brian3579} one a day
[08:47] {Threei} (US) NY Fed's Dudley: Still "a long way to go with MBS purchases", more likely than not Fed's Balance sheet will reach $2.5T - CNBC
[08:47] {Threei} - MBS purchases were effective
[08:47] {Threei} - to contradict market expectation that Fed will complete the MBS program is a high hurdle
[08:47] {Threei} - Fed Tsy purchase program was always more ambiguous than MBS and agency purchases
[08:47] {nemo} oy...the pressure
[08:50] {magoo} R
[08:50] {magoo} A
[08:50] {magoo} V
[08:50] {magoo} E
[08:50] {magoo} N
[08:51] {Raven} hey OOGAM
[09:04] {larisa} good morning :)
[09:05] {Threei} larisa :)
[09:05] {larisa} :)
[09:09] {ese} good morning.........i'm back permantly
[09:10] {Threei} ese!
[09:10] {nemo} ese?
[09:10] {ese} that may be bad news....
[09:10] {ese} vad nemo.......!!!!!!
[09:11] {ese} feels like learning this all over again.....
[09:11] {Threei} trip was good I take it
[09:12] {ese} very good......invitations to go back etc etc....hosts were terrific
[09:13] {ese} not to mention the country itself.........flatter than Saskatchewan and manitoba but beautiful
[09:13] {ese} highest point is only 187 meters
[09:14] {Threei} keep an eye on ETFC as possible squeeze
[09:14] {Threei} touches on Fri high
[09:15] {ese} you bet
[09:15] {fernp} good morning everybody
[09:15] {Threei} fern :)
[09:16] {Threei} also, AXL
[09:17] {Threei} AXL Announces waiver extending termination date of credit pact to Sept 15 - filing
[09:17] {Threei} not sure about news impact... spiked on it, retreated back
[09:17] {Threei} but look at daily
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:19] {dino} welcome back es
[09:20] {Threei} FASB Issues Exposure Draft for Proposed Accounting Standards Update, Improving Disclosures about Fair Value Measurements
[09:20] {Threei} - The proposed Update would affect all entities that are required to make disclosures about recurring and nonrecurring fair value measurements. The deadline for comments on the proposed Update is October 12, 2009.
[09:25] {magoo} BJS DCTH
[09:25] {magoo} VG
[09:26] {Threei} DCTH FDA Grants Delcath Orphan-Drug Designation for Doxorubicin
[09:27] {patel} good morning
[09:27] {Threei} BJS bought out
[09:27] {Threei} patel :)
[09:30] {Threei} Long Setup: SVA 7.10
[09:31] {Threei} if stays above 7
[09:36] {Threei} Long Setup: VICL .55 break if stays above .45
[09:37] {Threei} Preview: August Chicago Purchasing Managers Index due out at 9:45amET
[09:37] {Threei} **consensus expectations: 48.0e v 43.4 prior
[09:37] {Threei} - estimates range from 45 to 52.5
[09:41] {Threei} VICL if works, not a scalp for me
[09:45] {Threei} Long Setup: BAC .65 break
[09:45] {Threei} if holding above .55
[09:46] {Threei} **sub-indices:
[09:46] {Threei} - Prices Paid: 50.0 v 35.0 last
[09:46] {Threei} - New Orders: 52.5 v 48.0 last
[09:46] {Threei} - Employment: 38.7 v 35.3 last
[09:46] {Threei} - Inventories: 27.5 v 25.4 last
[09:46] {Threei} - Supplier Deliveries: 54.6 v 49.6 last
[09:46] {Threei} - Production: 52.9 v 43.3 last
[09:46] {magoo} UNG vad
[09:46] {Threei} yikes
[09:46] {Threei} don't want to touch nat gas with 10 ft pole
[09:47] {Threei} belonging to nemo
[09:47] {nemo} what?
[09:48] {Threei} never mind
[09:48] {nemo} you're being scatalogical
[09:48] {Threei} market sells off on good numbers
[09:48] {Threei} bodes well for a topping
[09:48] {nemo} and we're in bac why?
[09:49] {Threei} because it set up?
[09:49] {nemo} if market selling off on good numbers?
[09:49] {Threei} sighf
[09:49] {Threei} what happened first, BAC setup of market reversing down on good numbers?
[09:53] {Threei} everything one can think of points out to rally end
[09:53] {Threei} the only problem I have is
[09:53] {nemo} you being the contrarian
[09:53] {Threei} it would be the most broadly called reversal on my memory
[09:54] {nemo} just like the head and shoulders in July or was it june
[09:54] {larisa} SQNM what s up
[09:55] {Threei} SQNM Ticking higher, hearing strength being attributed to chatter of positive results for certain products related to down syndrome detection (5.70, +0.42, 7.95%)
[09:55] {bluejet} gm
[09:55] {Threei} blue :)
[09:55] {nemo} ford
[09:55] {ese} down turns like this....the avg market retracement(rally) is 70%....we ain't near that yet
[09:56] {Threei} - Reminder: On April 29 -Expected launch of its SEQureDx Down syndrome test is delayed, due to the discovery by company officials of employee mishandling of R&D test data and results.
[09:56] {ese} if history holds true(avg history) we have about 20% left to go
[09:57] {ese} people calling end of the rally are in lfor trouble i think
[09:57] {Threei} they do it for the last 3 months
[09:57] {Threei} they will be right at some point
[09:57] {ese} eggzactly
[09:58] {magoo} SVA
[09:58] {magoo} moving
[10:00] {Threei} it is... just not in a readable fashion...
[10:00] {Threei} SQNM is serious
[10:03] {dino} sm wide l clw .00
[10:06] {dino} ice
[10:07] {ese} l sqnm .10
[10:07] {dino} vit sm l .80
[10:07] {Threei} frikin SVA
[10:07] {magoo} i took ity
[10:08] {magoo} +.65
[10:08] {Threei} to spot a winner early and not find the way to utilize it is one thing I hate the most
[10:08] {ese} out sqnm .16 +.06
[10:08] {ese} phewwwww that felt good
[10:08] {dino} gj
[10:08] {Threei} NVAX is moving too
[10:08] {ese} tks dino.......when you don't make a trade for a while it feels weird
[10:09] {Threei} all swine flu stocks
[10:09] {dino} i hear ya bro
[10:09] {Threei} ISTA Ticking higher, hearing chatter that drug data may come out better than expected (6.11, +0.29, 4.98%)
[10:11] {Threei} Long Setup: AIG .60 break half lot
[10:11] {Threei} stop under .40-.45
[10:11] {Threei} VICL 1:1
[10:12] {patel} i took half off on VICL
[10:12] {Threei} AIG over1:1
[10:12] {magoo} IN OUT VAD
[10:12] {magoo} aig
[10:12] {magoo} FL
[10:14] {magoo} OUT VICL .69 ty VAD
[10:15] {Threei} why is FITB happy
[10:18] {Threei} crap
[10:18] {Threei} totally missed ETFC
[10:19] {Threei} I think my brain's stuck in weekend mode
[10:19] {nemo} Funny...I thought it was stuck somewhere else
[10:21] {dino} slapppppppp
[10:21] {nemo} hehehehe
[10:21] {Threei} BAC 1:1
[10:24] {Threei} lol AIG moved 2 points from entry
[10:25] {fernp} out BAC. ty Vad
[10:25] {Threei} who is partialling BAC, move stop to under .65
[10:40] {Threei} to under .70
[10:43] {ese} dabbling NVAX l .15
[10:43] {Threei} nice spike into 1:2
[10:43] {Threei} done with BAC
[10:44] {fernp} nice play. Vad
[10:44] {Threei} ty
[10:44] {Threei} even with no brain (or thanks to its absence), I have my moments
[10:45] {Threei} actually... 3 for 3 so far today?
[10:45] {fernp} yeah
[10:45] {ese} expect nothing less chief
[10:45] {Threei} plus couple missed ones which discretionary huys like magoo took and profited from... for which we hate them
[10:45] {Threei} oh ese, you have no idea... magoo made absolutely indecent money while you were away
[10:46] {Threei} then again, there was never much decent about magoo...
[10:46] {magoo} :)
[10:46] {dino} have to agree magoo ewas indecent w/aig
[10:47] {Threei} indecent stock, too
[10:47] {ese} nice mags.......expecdt nothing less there as well
[10:47] {Threei} reverse split... kiss of death in 99 out of 100
[10:47] {ese} VICTORIA SECRET?
[10:47] {magoo} ]
[10:48] {magoo} made like 15 k on it in 2 days
[10:49] {ese} nice........thats the magoo we've come to know and love
[10:49] {Threei} I don't think you are allowed to do tat mags
[10:49] {magoo} whats "tat" vad?
[10:50] {Threei} I'll have to look into rules but on top of my memory I think you'll have to send like 70% back
[10:50] {magoo} tat=take a trade?
[10:50] {Threei} I'll administer it for you
[10:50] {Threei} just send them to me
[10:50] {magoo} lets hope they break the trades (NOT)
[10:51] {Threei} lol, not with THIS volume
[10:53] {Threei} who ever heard of DOW gaining 4% in August
[10:53] {nemo} that was weird...laptop just STB'd
[10:54] {dino} ohhh mannn, cyber crash
[10:58] {Threei} OK
[10:59] {Threei} I think we finally ailed down the percentage of idiots
[10:59] {Threei} nailed
[10:59] {Threei} 29% Confident That Congress Knows What Its Doing on Economy
[10:59] {nemo} you have to add in those who are not sure also
[11:01] {Threei} those are just 4%
[11:01] {Threei} I will count them as "were to drunk to understand the question"
[11:01] {nemo} frickin humanitarian
[11:02] {Threei} come on VICL
[11:02] {Threei} time to break that .70 and proceed to ward 5
[11:06] {Threei} US Defense Sec Gates: New presidential helicopters will be vetoed (related LMT NOC )
[11:09] {Threei} what's with NANO
[11:16] {Threei} AGEN Hearing chatter company may receive approval in Europe for Oncophage (2.22, +0.08, 3.74%)
[11:21] {dino} out clw .56, +.56 ugh!!!!!!!, had 1.19 and sever crashed
[11:21] {Threei} yuck
[11:21] {Threei} anyway... .56 is nothing to zneese at
[11:22] {dino} leaving bad taste
[11:22] {nemo} aig vad
[11:23] {Threei} ?
[11:25] {nemo} hah, nevermind, I use this outboard video card w/one of the monitors, gave me a visual that wasn't accurate
[11:28] {Threei} good boy VICL
[11:30] {dino} \vit to b/e
[11:42] {dino} out vit .09 +.29
[11:43] {dino} neu games again, thin
[11:53] {Threei} SCLN Hearing chatter concerning positive sales of Zadaxin in China due to H1N1 (4.77, +0.19, 4.15%)
[11:58] {Threei} Mass. Governor to make announcement at 3pmET on the special election for Senator Kennedy's seat
[12:06] {magoo} sva xplosion
[12:07] {Threei} Market Internals update at 12:00pmET
[12:07] {Threei} - NYSE volume 475M shares, about 5% above its three-month average; decliners lead advancers by 7.8:1.
[12:07] {Threei} - NASDAQ volume 1.0B shares, about 3% above its three-month average; decliners lead advancers by 3.1:1.
[12:07] {Threei} no new news
[12:16] {magoo} SVA
[12:16] {Threei} SVA losing its mind
[12:17] {Threei} psst, VICL... look at SVA
[12:19] {Threei} let's see how well I knowe magoo... in SVA from 2.15?
[12:19] {Threei} 8.15
[12:21] {dino} sm l snda .40
[12:22] {nemo} Gonna' be in January...big deal is whether they rescind the law they passed in 2004 to get a temporary appointment for Kennedy
[12:27] {magoo} betting on me after i mention it repeadly....u can betr your left nut im in vad
[12:28] {Threei} well, did I get price right?
[12:29] {magoo} much lowe5r
[12:30] {Threei} VICL, aren't you a thing of beauty
[12:30] {Threei} [09:41] {Alert} Threei VICL if works, not a scalp for me
[12:31] {nemo} bac bounced off original trigger
[12:33] {Threei} NVAX
[12:34] {Threei} BCRX next?
[12:34] {magoo} yes
[12:34] {Threei} sector momo
[12:34] {Threei} snezing swines can fly
[12:35] {Threei} ok... out 2/3 VICL +.35
[12:35] {magoo} goot .34 SVA
[12:40] {ese} just back....out nvax ,25 +.10
[12:40] {Threei} you missed magoo making out like bandit again
[12:41] {Threei} (GE) Gemarny's Merkel: no bank should be so big it can blackmail governments
[12:41] {Threei} - calls for a G-20 agreement regarding the maximum size of banks
[12:42] {Threei} (AS) Austrian Fin Min: ruling coalition will support introduction of a financial transaction tax at tomorrow's ministerial meeting
[12:42] {Threei} (FR) French President Sarkozy: France and German share position that G-20 summit should result in tight financial oversight
[12:42] {Threei} Europe is losing it
[12:42] {Threei} not that USA will be too far behind
[12:43] {Threei} says France and Germany will apply limits to bonuses regardless of what the G-20 does
[12:49] {Threei} question guys
[12:49] {Threei} with all my repeated many times "watch the momo, learn to recognize it and play it",
[12:50] {Threei} any advancement in this department?
[12:50] {Threei} you undertand the reason for it
[12:50] {Threei} it's next to impossible to call exact entries on these movers
[12:51] {Threei} but their potential is huge
[12:51] {Threei} so to utilize them you need to learn to recognize them
[12:52] {Threei} everyone's alseep... magoo, for the rest of the week I am talking to you only
[12:52] {ese} magoo escaping with a fortune again ehhhhhhh
[12:52] {Threei} and to dino, because if I talk to you only I'll need serious psychiatric help
[12:53] {Threei} nemo, I am not going to read your dcc, I know it says "as if you don't need it now"
[12:53] {nemo} sorry...I had to step away to fix a barn door
[12:53] {ese} good first day back for me......but i'm off to school to get some work done.....catch you all tomorow.
[12:53] {Threei} take care ese
[12:53] {nemo} No, that was much too simple
[12:53] {ese} see ya vad
[12:54] {nemo} If I took that one, it would be like taking candy from a baby (which is fine if you want the candy)
[12:54] {Threei} or plainly dislike the baby
[13:08] {Threei} strange... I thought BCRX would be a leader in swine flu races
[13:08] {Threei} and it's one of the tamest
[13:10] {dino} snda stopped
[13:17] {Threei} Short Setup: RIMM .30 break half lot
[13:18] {Threei} stop above .40-.45 if triggers from here
[13:18] {Threei} inval;idating level though is above .50
[13:18] {Threei} half lot - not because RIMM is too dangerous or volatile here
[13:18] {Threei} mostly because I want ease in inshorts
[13:19] {Threei} we don't know yet whether we really roll over into bearish mode
[13:19] {Threei} last thing I want is to turn into "let's short it, it's too high"
[13:20] {dino} igk l .45
[13:21] {Threei} Reportedly Representatitve Waxman is probing reports of health care coverage being canceled for small businesses after employees becom ill
[13:21] {Threei} - reminder: on 8/18 WSJ reported Reps Waxman and Stupak send letter to the health insurers requesting info on pay and business practices
[13:21] {Threei} is it real?
[13:21] {Threei} I mean,. someone gets ill, they cancel coverage for whole business?
[13:22] {Threei} or is it continuing effort to demonize insurers?
[13:22] {larisa} may be business is just 1 worker :)
[13:29] {nemo} what I miss, had to go chase some guinea hens back into their pen
[13:30] {Threei} scroll up key doesn't work?
[13:30] {nemo} lazy, thought I'd ask
[13:30] {Threei} sigh
[13:31] {nemo} ahh, Rimm short
[13:31] {Threei} so, what's with TV buzzing that bailout money bring profit to govt?
[13:32] {Threei} were all doomsayers wrong?
[13:32] {Threei} all is not lost?
[13:39] {nemo} 2012 is just around the corner
[13:50] {dino} govt pump and dump
[13:51] {nemo} fcx C&H?
[13:51] {nemo} eh...R/R doesn't look that good
[13:52] {magoo} S
[13:52] {magoo} V
[13:52] {magoo} A
[13:57] {Threei} you think?
[13:57] {magoo} i think 10 today..just a feel
[14:02] {Threei} you bribed it?
[14:02] {magoo} needs take .40...then .67 then.91
[14:02] {Threei} 'cause it certainly acts like it heard you
[14:02] {Threei} F Chief Sales Analsyt: US auto sales rose in Aug from year ago; total industry may report first y/y increase since late 2007
[14:02] {Threei} - says industry inventories can not sustain Aug sales levels for the rest of the year
[14:02] {Threei} green shoots become greener
[14:05] {magoo} AIG getting kicked
[14:06] {Threei} I am checking availibility periodically...
[14:06] {Threei} not available
[14:06] {Threei} Market Internals update at 2:00pmET
[14:06] {Threei} - NYSE volume 625M shares, about 2% below its three-month average; decliners lead advancers by 7.9:1.
[14:06] {Threei} - NASDAQ volume 1.37B shares, about 2% below its three-month average; decliners lead advancers by 3.2:1.
[14:06] {Threei} White house Press Sec Gibbs: Strong relationship with Japan will continue
[14:06] {Threei} I stand corrected about idiots
[14:06] {Threei} 29% +1
[14:07] {Threei} will not begrudge Japan for seeking stronger ties with Asia
[14:07] {Threei} no?
[14:07] {Threei} come on... how dare they
[14:08] {nemo} crissakes we gave them baseball
[14:09] {Threei} and they seek ties with Asia, ungrateful basterds
[14:09] {nemo} emphasis on 'terds'
[14:09] {Threei} as if they are located there
[14:09] {Threei} wait...
[14:09] {brian3579} funny that counts as one joke
[14:12] {nemo} I'll never forget...back in the 70's and 80's all you ever heard about were how American's were such idiots about, I'm over in Germany in the late 80's and this woman asks me, "Is Boston on the east coast, or west coast."
[14:12] {Threei} SVA.....
[14:12] {Threei} .35 break maybe...
[14:13] {Threei} that's nothing nemo... no one will beat NY salesperson who, when I asked whether they ship to Canada, asnwered: sorry, we do not ship overseas
[14:13] {nemo} that's a good one
[14:14] {brian3579} how do you respond to that?
[14:14] {nemo} go to the bar
[14:14] {Threei} in the most honorable way I knew
[14:14] {Threei} I fainted
[14:17] {Threei} well SVA
[14:17] {Threei} can you or can you not
[14:22] {nemo} quite the back up @ .35
[14:28] {nemo} C&H on aig?
[14:30] {Threei} pullback into 43.5 to retest double bottom confirmation level was a valid play... this is not really
[14:47] {magoo} RISKY..SVA needs to take .high...
[14:47] {magoo} then launch
[14:48] {magoo} vadstrigg .35
[14:48] {Threei} IMO, .35 - .36 level if broken, should launch it
[14:48] {magoo} agree
[14:48] {magoo} ..pause in .70 area..then
[14:48] {magoo} 10
[14:48] {Threei} I wish it held .20 on pullback, so stop would be strictly defined
[14:48] {dino} fcx stop to .30, thx nemo
[14:48] {magoo} yea...a lil nasty
[14:48] {Threei} but momos are momos, technicals do not rule them
[14:49] {magoo} im in
[14:49] {dino} out +.30
[14:50] {magoo} 3 pm..move will do or kill
[14:54] {Threei} IMF Chief Economist Blanchard: Central banks reserves have not influenced growth; accumulated FX reserves are not efficient (related USD/CNY EUR/CNY )
[14:57] {Threei} toughie mags
[14:57] {magoo} yea..was just saying to dino.,...trades like donkey now
[14:58] {magoo} in .15 here
[14:58] {Threei} maybe because it's AMEX
[14:58] {magoo} really REALLY thought it was going
[14:58] {Threei} ECNs changed it greatly but still... long tradition of weird moves
[14:58] {magoo} i got 3k, worried
[14:59] {Threei} well... as classic book says, sell down to sleeping level
[14:59] {magoo} yea...might be scalpin soon
[15:00] {Threei} this is going to be interesting:
[15:00] {Threei} Reynolds American Inc File Suit with other tobacco manufacturers Challenging Provisions of FDA Tobacco Act
[15:00] {Threei} - joined other tobacco manufacturers and a tobacco retailer in filing suit today in federal court in Bowling Green, Ky., seeking to protect their First Amendment right to communicate with adult tobacco consumers about their products. The law passed by Congress in June, granting the U.S. Food & Drug Administration (FDA) regulatory oversight over tobacco products, contains several provisions restricting or banning truthful speech, contrary to the requirements of the First Amendment.
[15:02] {dino} and ironicallt the govt subsides the growers
[15:02] {Threei} yeah
[15:02] {nemo} pays them not to plant
[15:02] {Threei} and makes out like bandit on sin taxes
[15:03] {dino} if you think about it, smokers die youinger, so save on heath care costs
[15:03] {nemo} not unlike oil, when congress whas decrying the "obscene profits" yet collecting a healthy chunk on every domestically produced barrel
[15:03] {dino} mother hen govt
[15:04] {dino} gok drop
[15:06] {nemo} still can't short aig
[15:07] {dino} nor i
[15:07] {dino} thinking about puts
[15:09] {nemo} huh, wfc actually strong today, considering
[15:11] {dino} didn't get expected downgrade from moodys
[15:17] {magoo} SVA certainly not easy vad
[15:17] {Threei} no
[15:17] {Threei} listen... let's play it by the book
[15:17] {Threei} sell 2K here
[15:17] {dino} hl l gok ave .51
[15:18] {Threei} take &200 profit
[15:18] {Threei} keep stop under 9 for the remaining 1K,
[15:18] {Threei} worst comes to worts, you are roughly flat after commissions
[15:18] {Threei} if it works, just let this last K ride
[15:19] {Threei} I underastand the desire to squeeze all possible out of it, but it's not worth $500 risk'
[15:19] {Threei} you had too good month to spoil it on last day
[15:20] {magoo} ok
[15:21] {Threei} finally
[15:22] {magoo} out BIG DOOUGH
[15:22] {brian3579} that 10 call looks good
[15:22] {Threei} I am out here too
[15:22] {magoo} thanx coach
[15:22] {Threei} always
[15:22] {fernp} wonderful SVA. great play
[15:22] {magoo} could have just as easily killed me
[15:23] {Threei} that's what risk control is for...
[15:23] {Threei} leave it to amateurs to go all in and count on making a killing on a single play
[15:23] {Threei} you took it fern?
[15:23] {magoo} let me refraize...could have been stopped
[15:23] {fernp} no
[15:23] {larisa} where did you enter on SVA, I was away?
[15:23] {fernp} too dangerous for me
[15:24] {Threei} magoo at .15 larisa
[15:24] {Threei} I took .35 break
[15:24] {nemo} what was the stop?
[15:24] {magoo} mine was .97
[15:25] {magoo} never lower than .04 i think
[15:25] {magoo} while i was in
[15:25] {magoo} now like 10
[15:25] {Threei} sheesh, not done
[15:25] {nemo} what was your stop vad?
[15:25] {Threei} pace picks up again
[15:25] {dino} igk to .57
[15:25] {Threei} it wasn't going to stop me
[15:26] {Threei} this pace explosion was no breainer
[15:26] {Threei} offered 1K at .48, 1 at .55 and 1 at .69
[15:27] {dino} out ave .55, +.10
[15:27] {Threei} and if it did urn around stop would be defined in terms of p;rice level
[15:27] {Threei} I bought on momentum,. not on technicals
[15:28] {Threei} so momentum reversal would stop me out
[15:28] {magoo} vad...this momo has been like ole days for us
[15:28] {magoo} thats why iom doing well
[15:28] {Threei} second half of august, no less
[15:28] {magoo} i need the momo
[15:28] {Threei} of all trading months, lol
[15:29] {dino} you should change your nick to mogoo
[15:29] {nemo} Trade what you see, not what you think...
[15:29] {magoo} agree nemo..
[15:29] {magoo} with a dash of "feel" and a smidge of luck
[15:30] {magoo} that could easily see 11 today
[15:30] {larisa} I bet no 10 SVA
[15:30] {magoo} i am not in
[15:30] {magoo} ggggggggrrrrrrrrrrrrr
[15:30] {Threei} what's the bet larisa?
[15:30] {Threei} I'll take it
[15:31] {larisa} it is topping
[15:31] {Threei} nope
[15:31] {magoo} nope
[15:31] {larisa} lol
[15:31] {larisa} men
[15:31] {magoo} it is consolidating
[15:31] {Threei} it's resting
[15:31] {Threei} gathering power
[15:31] {larisa} ok :)
[15:32] {Threei} inhales... exhales...
[15:32] {magoo} to resume its trek upward
[15:32] {Threei} massages muscles
[15:32] {larisa} tomorrow may be
[15:32] {magoo} today
[15:32] {nemo} turn around tuesday
[15:32] {magoo} thats dino's slogan:)
[15:32] {nemo} " turn around tuesday"
[15:34] {larisa} oh oh
[15:34] {nemo} .40 range on spy and .20 range on Qs since 10
[15:34] {magoo} here we go
[15:34] {Threei} what's the bet??? :)
[15:34] {magoo} a drink in vegas
[15:34] {dino} ok
[15:35] {Threei} 5 cents left... come on SVA
[15:35] {magoo} i went to reliable message board say it will be 20 by friday lol
[15:36] {Threei} I feel humbled by the welath of knowledge, mags
06[15:37] * Threei kicks SVA in the rear end
[15:37] {larisa} technicals show no 10.. of course there is always stupid momo :)
[15:38] {magoo} but the message boards larisa...they dont lie
[15:38] {larisa} thats true :)
[15:38] {Threei} you underestimate the stupidity of three factors put together:
[15:39] {Threei} me, magoo and momo
[15:39] {magoo} um..momo is my thing'
[15:39] {Threei} these 3M and capable of outstupiding anything you can think of
[15:39] {magoo} my best momo trade ever vad...remember? years ago
[15:39] {Threei} and = are
[15:39] {Threei} hmmm... remind me
[15:40] {magoo} bidu went to like 160
[15:40] {Threei} I remember losses well... wins, not so much
[15:40] {Threei} oh yeah
[15:40] {magoo} 20k
[15:40] {Threei} that was beyond stupid {G}
[15:40] {magoo} and i was there:)
[15:40] {Threei} and I was with you
[15:40] {larisa} wow, really?
[15:41] {magoo} yup..screaming all thge way lol
[15:41] {Threei} yeah... magoo traded, what's the word... "stupidly"?
[15:41] {magoo} hell larisa, did 12k on AIG onee ttade
[15:41] {magoo} last week
[15:41] {larisa} :)
[15:41] {magoo} why
[15:42] {larisa} 33.80 vads call i didi not take AIG :)
[15:42] {Threei} I am happy when it's around... 'cause when it goes away, magoo starts nagging me for a trade :)
[15:42] {magoo} but, ive gotten pummeled aint easy
[15:43] {Threei} 33.80 was safe call, I don't know why you skipped it back then larisa
[15:43] {Threei} nice tight stop
[15:43] {larisa} your way is too emotional magoo, I want to stay sane so my husband do not kick me out :)
[15:43] {larisa} AIG is just too wild fo rme
[15:43] {Threei} yes, for the most part
[15:43] {Threei} but sometimes it tightents
[15:43] {Threei} and gives normal setup
[15:44] {Threei} so you have best of both world
[15:44] {Threei} normal stop,
[15:44] {Threei} but if it works - momentum and its wild nature make a win real big
[15:44] {larisa} :)
[15:44] {larisa} real big is for men
[15:45] {larisa} I am just a girl :)
[15:46] {Threei} so, the only stop today is that 15 cents on half lot RIMM
[15:46] {magoo} but actually...what ive just let the winner win...with AIG, it momo up...never stopped us, and instead of scalp, let it run run run 4 points
[15:46] {Threei} and it's the only short
[15:46] {magoo} my second best day of year vad..thank u
[15:47] {Threei} good to hear :)
[15:47] {nemo} must be your best month
[15:47] {magoo} and i want more tomorrow u can bet:)
[15:47] {brian3579} thats why im back cant let winners win
[15:49] {magoo} seriously, thats one thing ive been working on
[15:49] {Threei} ok SVA
[15:49] {Threei} last chance
[15:50] {magoo} u in?
[15:50] {Threei} don't let me lose my bet
[15:50] {Threei} I parialed out almost everything mags,. have just lousy 300 shares left
[15:50] {Threei} bet must be honest... if I think it goes, I gotta trade it :)
[15:51] {magoo} yea..i knew that:)
[15:51] {Threei} brian, you traded VICL today?
[15:51] {Threei} that was the one to hold
[15:51] {Threei} I alerted beforehand that it was not going to be a scalp
[15:52] {larisa} SQNM missed it
[15:52] {brian3579} no
[15:52] {Threei} no fresh news SQNM
[15:52] {brian3579} but thats a trade i would have trouble with
[15:53] {Threei} ok... next time such trade comes around, I'll grab 2x4 and guide you through it
[15:53] {brian3579} k thank you
[15:53] {Threei} 7 minutes left... larisa is winning
[15:56] {magoo} id call this day awin for the bulls
[15:57] {magoo} this mkt is sick {as in strong}
[15:57] {Threei} well, it's slightly red on lower volume
[15:57] {Threei} so... so far it qualifies as merelt pullback
[15:58] {Threei} 1 min
[15:59] {Threei} ok larisa
[15:59] {Threei} I concede
[15:59] {Threei} 5 cents shy
[15:59] {Threei} or after hours counts?
[15:59] {dino} out gok .41-.10, out aef ave .33 +.07
[16:00] {larisa} AIG exploded into close
[16:00] {Threei} President extended his break
[16:00] {Threei} who complained that couldn't trade without him on TV?
[16:00] {Threei} you'll have to wait longer
[16:01] {Threei} okay guys, thank you all
[16:01] {Threei} have a good evening, see yo tomorrow
[16:01] {nemo} \t66666666666666666666666666666665tr55555
[16:01] {larisa} bye :)
[16:01] {fernp} good evening everybody
[16:01] {nemo} sirrt sorry cat walked across keyboard
[16:02] {larisa} lol
[16:02] {dino} hcn blood
[16:04] {dino} gn all
[16:05] {magoo} thanx vad..all

Labels: , , ,

Friday, August 28, 2009

Aug 28 2009

After a week of fireworks we had fairly quiet, I'd even say lacklustre Friday. Little scalp here, little stop there... couple better trades in second half of the day took us into slightly profitable territory and NVAX/BCRX run aadded some money and entertainment.

Session Time: Fri Aug 28 00:00:00 2009

[08:10] {Threei} AIG Shares are trading up over 10% ($52.76) in NY pre-market on no new appearant news (47.84, 0.00, 0.00%)
[08:10] {Threei} lol
[08:11] {nemo} well...not available to short, where else they gonna' go but up...
[08:14] {Threei} as if shorts is the only (or even necessary) thing that drives stocks down
[08:30] {fernp} good morning everybody
[08:30] {Threei} fern :)
[08:30] {patience} good morning guys....back from the sandy beaches of Parksville. how has trading been?
[08:31] {Threei} patience :)
[08:31] {Threei} fantastic
[08:32] {patience} is momo coming back?
[08:35] {Threei} on selected stocks
[08:44] {nemo} What were presonal Income/Spending?
[08:45] {Threei} JULY PERSONAL INCOME: 0.0% V 0.1%E; PERSONAL SPENDING: 0.2% V 0.2%E
[08:45] {nemo} ty
[08:55] {nemo} hi lari
[08:56] {larisa} gm nemo:)
[08:56] {Threei} larisa :)
[08:57] {larisa} :)
[08:59] {larisa} nemo, you need to turn off {joins}, {parts} {quits} etc. or you like to be in control and see whats going on on the channel ? :)
[08:59] {nemo} hehehehe
[09:00] {Threei} INTC Raises Third-Quarter Revenue and Gross Margin Expectations (19.47, 0.00, 0.00%)
[09:00] {nemo} that's what popped the qs
[09:00] {Threei} yup
[09:02] {Threei} INTC Guides Q3 Rev $9.0B (-/+ $200M) (implies $8.8B-9.2B v $9.07Be), Q3 GM 53% +/- 2 points v 59% y/y
[09:02] {Threei} ** Note on 07/14: Guides Q3 Rev R$8.5B (plus or minus $400M) (implies $8.1B-$8.9B v $7.81Be
[09:05] {magoo} morning
[09:05] {Threei} magoo :)
[09:06] {magoo} i didnt want AIG to gap over 50
[09:06] {Threei} nobody did
[09:08] {magoo} vad..i see 53.75 high
[09:08] {Threei} yup
[09:08] {magoo} u think its got a run to 55 in it?just from your experience
[09:09] {Threei} it all depends on whether squeeze is still in full bloom or it's a last drops being mined out
[09:09] {Threei} if squeeze is not over, 60 is just as likely
[09:10] {Threei} if it's a last gasps, shaking out last bears... can just reverse and go down with very few bounces
[09:10] {cosmo} gee...time to retire...last day here after all these years...
[09:10] {cosmo} for a week or so
[09:12] {Threei} hmm?
[09:12] {cosmo} lars gave me the idea...
[09:13] {cosmo} going to big foot contry
[09:13] {Threei} for a week?
[09:13] {cosmo} bigfoot that is
[09:13] {dino} gm all
[09:13] {Threei} dino :)
[09:13] {cosmo} at least a week
[09:14] {cosmo} honest....
[09:14] {dino} have fun cos
[09:14] {cosmo} i'll try
[09:14] {brian3579} gm all
[09:14] {Threei} brian :)
[09:15] {Raven} Oregon cosmo ?
[09:15] {nemo} Himalayas?
[09:15] {cosmo} mountains
[09:15] {patel} good morning traders
[09:16] {Raven} that's WA ?
[09:16] {cosmo} OR too
[09:16] {Threei} patel :)
[09:16] {Raven} OK ... nice ... up near the Canuk border
[09:16] {patel} monday i be trading from home.
[09:16] {nemo} join the club
[09:16] {cosmo} Paulina
[09:17] {nemo} porizkova?
[09:17] {Threei} Bernanke identity theft on CNN
[09:17] {nemo} saw that yesterday...funny
[09:18] {cosmo} ....east of Prineville
[09:18] {Raven} I see it ... nice country
[09:18] {cosmo} ...taking a camera, just in case
[09:19] {Raven} lol ... those digital pics pretty expensive
[09:19] {larisa} a bit early, fall colors will come in 4-5 weeks :)
[09:19] {Raven} I like Burns and the Malheur NWR
[09:20] {Raven} but that is in the desert
[09:20] {cosmo} i'll fall before then i guess
[09:20] {Raven} sigh
[09:20] {Threei} OK guys, game plan:
[09:21] {nemo} buy stock, sell stock
[09:21] {Threei} let's be more careful today, we had fantastic week, especially for August,
[09:21] {Threei} easy to start feeling invincible
[09:21] {Threei} which is a surefire recipe for disaster
[09:21] {magoo} nemo. u forgot most importasnt ..for a profit
[09:22] {nemo} buy low sell high
[09:22] {nemo} Pride cometh before the fall...
[09:22] {Threei} first thing to do upon open is wait for sharp pullback,
[09:22] {Threei} that was market's trademark lately
[09:23] {Threei} and provided us with nice entries, like yesterday's first trade on HIG
[09:23] {Threei} then we will see what transpires, so far working assumption is uptrend
[09:24] {magoo} lets watch tech too vad...might be tech leader day as compared to say financials
[09:25] {dino} fotune favors the bold (but darkness lies one inch ahead)
[09:25] {cosmo} and darkness lies....
[09:26] {Raven} sigh
[09:26] {Threei} I second that
[09:26] {cosmo} just helping...i thot
[09:27] {magoo} i'm tired "of the lies" lol
[09:28] {nemo} life is chaos, absurdity and suffering...thank god for alcohol
[09:30] {magoo} u read my book?
[09:30] {nemo}'s part of some books I helped write (alcohol part is my personal touch)
[09:30] {nemo} frickin aig
[09:30] {cosmo} alth
[09:31] {nemo} resource stoks too
[09:32] {bluejet} GM
[09:32] {Threei} blue :)
[09:32] {nemo} ford
[09:33] {nemo} no shorty aig again today
[09:33] {Threei} OK
[09:33] {Threei} here comes HIG
[09:35] {Threei} Long Setup: HIG .70 break if holding .60
[09:35] {nemo} oops
[09:36] {nemo} nice vad
[09:36] {Threei} anyone caught it?
[09:36] {magoo} me
[09:36] {nemo} nope
[09:36] {fernp} missed here
[09:36] {Threei} over 1:2 mags
[09:36] {magoo} out .9 somethion
[09:36] {magoo} 91
[09:37] {cosmo} alth wants 7
[09:37] {nemo} use GETCO on that Vad?
[09:37] {cosmo} gonna heal
[09:37] {dino} alth l .95\
[09:37] {Threei} no
[09:37] {Threei} that was one I wanted in for sure
[09:37] {Threei} not to save couple bucks
[09:38] {dino} out .15, +.20 alth
[09:38] {Threei} nice
[09:38] {cosmo} :)
[09:39] {dino} ty
[09:39] {nemo} db hig?
[09:39] {Threei} yup
[09:39] {Threei} same setup
[09:39] {Threei} invalidated
[09:40] {Threei} let's see if new range presents itself
[09:40] {Threei} Preview: August Final University of Michigan due out at 9:55amET
[09:40] {Threei} **consensus expectation: 64.0e v 63.2 preliminary
[09:40] {nemo} good drop immu
[09:42] {Threei} Long Setup: HIG .60 if holding .50
[09:42] {nemo} too fast again
[09:43] {nemo} mags you get it
[09:43] {magoo} in
[09:43] {fernp} in
[09:44] {Threei} AIG is dropping fast
[09:44] {Threei} no worky HIG
[09:46] {dino} clw
[09:46] {Threei} shakeout
[09:46] {dino} thin
[09:46] {nemo} no volume though
[09:46] {nemo} hig below 23.50 got nothing until 23
[09:46] {Threei} huh?
[09:47] {nemo} yesteay @ 1:20 low of 23:42
[09:47] {nemo} 23.42 low of last 3 minutes .41
[09:47] {Threei} how is 1:20 significant?
[09:48] {nemo} that was the time on the chart of that price...just coordinates
[09:50] {nemo} it's also right at pivot
[09:53] {dino} snp sm l .50
[09:54] {magoo} hig no play nice
[09:55] {dino} stop is .19 fwiw
[09:55] {dino} stopped
[09:56] {magoo} i cant trade without obama on tv
[09:56] {magoo} not used to it
[09:56] {nemo} you can watch him tomorrow morning give the eulogy
[09:57] {Threei} rude of HIG
[09:57] {magoo} im driving up there tomorrow
[09:57] {dino} obama "i want you to pay higher taxes"
[09:58] {Threei} Long Setup: DELL .50 break
[09:58] {Threei} if stays abpve ,45
[09:58] {magoo} that if always gets me lol
[10:00] {Threei} invalidated
[10:00] {Threei} specifically for you mags
[10:00] {nemo} crikey
[10:01] {magoo} yea
[10:01] {dino} lol
[10:03] {dino} elon
[10:04] {dino} clw getting wide
[10:05] {magoo} i suk with rimm ..lately...but could be bouncer
[10:06] {magoo} not here..just saying to watch
[10:06] {dino} snp lod
[10:09] {fernp} INTC if breaks .40, Vad?
[10:12] {magoo} hig makes me cry
[10:12] {magoo} had 2k
[10:12] {nemo} where?
[10:12] {magoo} vads call
[10:12] {magoo} stopped out
[10:13] {Threei} ican't tell INTC
[10:13] {nemo} it bounced right at the confluence fo that 1:20 low and the pivot
[10:17] {magoo} fannie and freddie doin it
[10:18] {Threei} how do you know?
[10:18] {nemo} voyeur
[10:25] {fernp} double bottom WFC?
[10:28] {Threei} could be if market reverses
[10:28] {Threei} let's lwet it stabilize
[10:28] {Threei} not finding much so far
[10:31] {nemo} getting volume pick up in wfc
[10:32] {nemo} immu had a nice little recovery
[10:38] {dino} sigm l .55
[10:40] {dino} vion blood
[10:44] {dino} aeh, aed, aef
[10:50] {nemo} wfc DB, then rose to .62 and then somebody tried a shakeout...if this breaks .64, is it a long?
[10:52] {dino} isg
[10:52] {Threei} I just can't tell
[10:52] {Threei} a bit patternless trading today
[10:52] {Threei} see me unusually quiet?
[10:53] {Threei} it's not coma yet
[10:53] {Threei} it's me not finding trades
[10:54] {magoo} hgsi ripps
[10:55] {dino} isp
[10:55] {dino} seems preferreds are running today
[10:58] {dino} snp sm l .50 last try
[11:03] {Threei} HGSI bounce time soon
[11:17] {brian3579} .
[11:18] {Threei} good point
[11:18] {nemo} Got joke for you brian
[11:18] {nemo} Guy goes into a store
[11:18] {Threei} uh oh
[11:18] {brian3579} ok
[11:18] {nemo} Sees all these jars of brains
[11:18] {nemo} all for sale
[11:18] {nemo} 1st jar: English brains 4.50 lb.
[11:19] {nemo} 2nd jar: French brains 3.80 lb.
[11:19] {nemo} 3rd jar: German brains 4.85 lb.
[11:19] {nemo} 4th jar: Italian brains 189.95 lb.
[11:19] {nemo} guy goes wtf!
[11:19] {nemo} How can those other brains be under $5 a lb.
[11:20] {nemo} and an italian's goes for so much?!
[11:20] {nemo} salesman says, "Have you any idea how many italians it takes to get a pound of brains?"
[11:20] {dino} roflol
[11:20] {nemo} by the way, I'm italian
[11:21] {nemo} well, 1/2
[11:22] {brian3579} good start keep them coming
[11:22] {larisa} no more than 1 a week
[11:22] {dino} hotdog walks into a bar, says i'll have a beer
[11:22] {brian3579} ok
[11:22] {dino} bartender says, sorry we don't serve food
[11:23] {larisa} lol
[11:23] {nemo} rimm shot!!!
[11:23] {brian3579} ohhhh
[11:23] {brian3579} when market is in coma
[11:23] {brian3579} joke time
[11:25] {brian3579} hgsi 20 break?
[11:25] {Threei} nah
[11:25] {Threei} .80 was it
[11:26] {Threei} 20, could be later on,
[11:26] {brian3579} k
[11:26] {Threei} if it consolidates for awhile
[11:26] {Threei} between .90 and 20
[11:26] {Threei} AIG fast drop
[11:28] {Threei} SEC reportedly delayed an inspection of a possible 'questionable' credit rating agency (related MCO MHP FIM.FR )
06[11:33] * magoo slaps laserdave around a bit with a large trout
[11:33] {Threei} way to stay focused mags
[11:35] {magoo} i was disappointed in my reation time..2 mins unacceptable :)
[11:36] {magoo} so glad i am not in AIG
[11:36] {magoo} i am fat..flat.. and looking at the gap
[11:36] {Threei} yup
[11:40] {magoo} no clue where it could bounce..up so much
[11:42] {Threei} retest of 51.50 from here
[11:42] {Threei} and if holding, bounce starts
[11:42] {Threei} big one
[11:42] {Threei} take it keep stip under .50 mags
[11:43] {Threei} I grabbed .63 between typing
[11:43] {Threei} bad typing too
[11:43] {Threei} out 1/3 .88
[11:44] {Threei} offering 1/3 more 52.25
[11:44] {magoo} i missed..went for coffee
[11:44] {Threei} jeez
[11:44] {magoo} or in a cvoma..your choice
[11:44] {Threei} and I risked missing it to type it in time for you
[11:45] {Threei} out
[11:45] {magoo} go ahead ..heckle me...made tons when u did
[11:45] {dino} tif sm s .70, stop .01
[11:45] {Threei} nah, just 25 cents
[11:45] {Threei} and -13 on the balance
[11:45] {magoo} C pummel
[11:45] {Threei} so all in all washout
[11:46] {Threei} but risk was small enough to try
[11:46] {magoo} was good
[11:47] {magoo} lesson for room vad here...on stops..point out this because we been pushuing momo of late
[11:47] {Threei} momo or not... stop is stop
[11:48] {magoo} im trying to show down side of these type so newer traders dont get crushed
[11:48] {nemo} 50.50 was the low of yesterday, bounced
[11:48] {Threei} it's not for discussion, it's not for thinking, it's not for second guessing
[11:48] {Threei} it's for taking
[11:49] {dino} vad, the machine
[11:49] {nemo} Yep, I might have problems taking trades, but I got no problem taking stops
[11:49] {magoo} if it loses 50..UGH
[11:49] {Threei} then I have just an idea nemo
[11:49] {Threei} how about you take some of mine
[11:50] {nemo} stops...I never don't take them, slippage some times but that's it
[11:50] {Threei} AIG momo is just as good on the downside...
[11:50] {Threei} too bad we don't have inventory for it
[11:50] {Threei} would be thing of beauty to make money off it on both sides
[11:51] {magoo} was just thinkoing that
[11:51] {Threei} 'cause you know... it will take just one more idiot on CNBC giving it $500 target for it to drop 20 bucks more
[11:51] {nemo} other financials, except for GS falling
[11:52] {nemo} mmmmhhhhh fas and aig look alot alike
[11:52] {nemo} we can short fas or play faz
[11:52] {dino} clw sm l .34
[11:53] {dino} wide
[11:53] {wulff} RIMM short below 74
[11:53] {Threei} it's not the same nemo... 20 cents in FAZ?
[11:53] {Threei} nothing after all this dollars in AIG
[11:54] {Threei} nice setup wulff
[11:54] {nemo} I understand, but we can't make money on the downside of aig
[11:54] {Threei} if market breaks down, should be a beauty
[11:55] {dino} tif b\stop to flat
[11:56] {wulff} in .97
[11:57] {nemo} gap close aig
[11:57] {dino} out tif +.05
[11:57] {Threei} [09:10] {Threei} if it's a last gasps, shaking out last bears... can just reverse and go down with very few bounces
[11:58] {magoo} insightful..who said that
[12:06] {wulff} anyone in an AIG mood?
[12:06] {magoo} could see 45
[12:15] {nemo} oh boy
[12:16] {Threei} IA) IAEA: Iran has 8,300 installed centrifuges; slightly lower than prior; country has fulfilled request for better monitoring of Natanz plant
[12:16] {Threei} - Comments that the rate of increase stockpile of enriched uranium has slowed; stands at approx 1,510 kg
[12:16] {Threei} - Puts completion of Arak Heavy water plant at approximate 60%
[12:18] {Threei} wulff
[12:18] {Threei} start covering RIMM IMO
[12:19] {magoo} [12:06] {wulff} anyone in an AIG mood?
[12:19] {magoo} [12:06] {magoo} could see 45
[12:42] {dino} .
[12:42] {nemo} market died
[13:05] {Threei} Long Setup: AIG .10 break
[13:05] {Threei} half lot
[13:05] {Threei} if stays abobe .90
[13:06] {Threei} 1:1
[13:06] {Threei} easy money
[13:07] {Threei} and I never thought I'd say that about AIG'
[13:07] {Threei} 1:2, out
06[13:07] * Threei slaps magoo around a bit with a large coma-awakener
[13:07] {Threei} 1:3... without me
[13:09] {Threei} you all are asleep?
[13:09] {Threei} why do I bother then
[13:10] {larisa} call normal stock you will see some are alive :)
[13:10] {Threei} Long Setup: NORMALSTOCK
[13:11] {larisa} lol
[13:11] {Threei} nope
[13:11] {Threei} see... everyone's asleep
[13:11] {larisa} back to 55 ?
[13:12] {Threei} dunno, but so far looks good
[13:15] {magoo} lets stay on it vad
[13:15] {Threei} nope
[13:16] {Threei} I am, in words of former president, misunderappreciated
[13:16] {Threei} like dino
[13:16] {Threei} we will go to mountain cave, three of us
[13:16] {Threei} I, dino and 6 pack
[13:17] {nemo} better bring a few kegs
[13:17] {dino} indeed
[13:17] {Threei} good bye cruel world
[13:17] {larisa} 6 pack abs or somefing else ?
[13:18] {Threei} wrong age
[13:18] {Threei} after 40 - keep abs, gimmie my beer
[13:18] {larisa} wrong attitude, i bet dino is different !
[13:19] {Threei} well, dino is young in spirit
[13:19] {dino} i try larisa, but i fear i am losing the battle
[13:19] {Threei} yeah, sooner or later beer wins
[13:19] {Threei} time is on its side
[13:25] {dino} tyy drop
[13:30] {dino} miseed it
[13:30] {dino} dllr
[13:33] {Threei} 62% Like Tax Cuts Over More Government Spending
[13:33] {dino} tif
[13:33] {Threei} crap
[13:34] {Threei} 38%???
[13:34] {nemo} that's easy, that's the 38% that don't pay taxes anyway...if taxes get cut, they lose money
[13:34] {Threei} ok
[13:34] {Threei} ty
[13:35] {Threei} faith in humanity is back
06[13:35] * nemo slaps Threei around a bit with a large trout
06[13:35] * nemo slaps Threei around a bit with a large 2X4
06[13:35] * nemo forgot the nails
[13:35] {Threei} what was that for?
[13:35] {nemo} faith in humanity
[13:38] {Threei} wulff... tell me you covered RIMM
[13:39] {wulff} yes
[13:39] {Threei} :)
[13:40] {Threei} missed AIG call though
[13:40] {Threei} went up over a buck
[13:40] {Threei} with 20 cents stop
[13:40] {wulff} was at lunch
[13:40] {Threei} who said you guys are allowedd to leave during trading day anyway
[13:41] {Threei} with haklf lot, that was $500 lunch
[13:42] {wulff} I know...believe me
[14:05] {fernp} have to go. not a great day here, monday will be better. Have a nice weekend all
[14:05] {magoo} bye
[14:05] {Threei} take care fern
[14:06] {nemo} cya
[14:06] {Threei} we had 4 great ones in a row
[14:06] {Threei} one is so so
[14:08] {fernp} yeah. overall, week ended in positive :)
[14:08] {fernp} see you
[14:22] {dino} pard\
[14:26] {wulff} VAD going to be leaving the room at end of month
[14:27] {wulff} wanted to say thanks
[14:27] {dino} good luck to you wulff
[14:27] {wulff} TY
[14:27] {nemo} must have been my sense of humor
[14:27] {Threei} welcome wulff, hope it was a good experiwence
[14:27] {wulff} hardly
[14:28] {larisa} lol
[14:28] {wulff} the best
[14:28] {Threei} hardly good} or hardly nemo?
[14:28] {Threei} lol
[14:28] {larisa} rofl
[14:28] {Threei} hey, you know where to find us
[14:28] {wulff} feel like I am on the right side of the trade now
[14:28] {Threei} great :)
[14:29] {dino} wtg
[14:44] {Threei} US Govt: Iran still not fully cooperating with International community with regards to nuclear program
[14:44] {Threei} - Note: The IAEA gave a generally positive to neutral report on Iran's nuclear program earlier today
[14:45] {Threei} NVAX Spain has reportedly cleared another 330M in spending for H1N1 prevention (5.96, +0.31, 5.49%)
[14:46] {Threei} NVAX daily is encouraging
[14:46] {Threei} I wish it broke this high in a more solid fashion thatg this crazy spike
[14:46] {Threei} butit's back on a radar
[14:46] {Threei} with BCRX
[14:47] {Threei} look at the pace
[14:47] {Threei} looks familiar?
[14:48] {Threei} wake up!!!
[14:49] {Threei} two momos at hand
[14:49] {nemo} watching both
06[14:49] * Threei slaps magoo around a bit with a large momo alarm
[14:50] {magoo} in nvax
[14:50] {Threei} welff don't leave... I can't stand these jellyfishes
[14:50] {Threei} wulffd
[14:50] {nemo} market's spiking too
[14:51] {Threei} too bad weekend is ahead
[14:52] {Threei} if tomorrow was trading day we would most likely have NVAX/BCRX mania
[14:55] {wulff} do what I can to kick the momo out of slo mo
[14:56] {Threei} Spain has cleared 270M for a vaccination program and the balance for drugs and educational programs
[14:58] {Threei} BCRX :)
[15:12] {Threei} WSJ: 71% of Cerberus investors have chosen to leave 2 of the fund's vehicles
[15:12] {dino} dllr l .23
[15:18] {nemo} aig
[15:21] {dino} out clw .73, +.39
[15:27] {Threei} good boy NVAX... let's do end of day run, will ya
[15:27] {Threei} and finish above .20
[15:28] {Threei} I may even consider taking some home
[15:28] {magoo} how about BCRX ?
[15:29] {Threei} candidate too, just more risky for a hold
[15:32] {Threei} 51% Rate Alcohol More Dangerous Than Marijuana
[15:36] {dino} they are pushing it for legalization, for tax reasons
[15:39] {Threei} what, no run?
[15:40] {nemo} huh?
[15:40] {Threei} no worry nemo, sleep tight
[15:40] {nemo} run was early today, it's friday
[15:40] {Threei} sigh
[15:40] {Threei} way to follow the conversation
[15:41] {nemo} BCRX NVAX?
[15:41] {Threei} uhhu
[15:41] {nemo} they had the early run, even you said, too bad it's Friday...little did you know...
[15:41] {dino} hmmmmmmmmmmmmmmmmmmm
[15:41] {Threei} double sigh
[15:42] {dino} fwiw magoo ran down the hallway awhile ago
[15:42] {nemo} can't get the jbe every time
[15:42] {Threei} my "too bad it's friday" was concerning NEXT day run
[15:42] {nemo} to do what exactly dino?
[15:42] {dino} but you can get the beer
[15:42] {Threei} 14:52] {Threei} if tomorrow was trading day we would most likely have NVAX/BCRX mania
[15:42] {nemo} me? Going to work out after
[15:43] {dino} good, me back to it monday
[15:53] {Threei} okay guys, lacklustre ending... hoped for some last minute fireworks in this pair
[15:54] {Threei} but Friday apathy took over
[15:54] {larisa} just look if there are news on FITB and you can go :)
[15:54] {nemo} P&Q take care Wulff
[15:54] {Threei} nothing on FITB
[15:54] {larisa} ty
[15:55] {Threei} gave a great weekend all
[15:55] {Threei} have too
[15:55] {larisa} see you next week all, good luck wulff :)
[15:55] {Threei} see you on Monday
[15:58] {cosmo} monday ... will never come...
[15:59] {dino} out snp flat
[15:59] {larisa} cosmo, have fun on vacation or retirement or both!! :)
[16:00] {dino} have fun cos.
[16:00] {cosmo} know how it is i guess...
[16:00] {dino} wulff take care bro
[16:00] {cosmo} thx....wish me luck...
[16:01] {dino} good luck\
[16:02] {larisa} :)
[16:04] {wulff} thanks
[16:05] {magoo} thanx all
[16:18] {dino} gn all

Labels: , , ,

Thursday, August 27, 2009

Aug 27 2009

The day started nicely with 40 cents HIG long trade off a pullback, continued with AIG and IMMUlong trades, and then it was all about AIG. August ends with a great run so far.

Session Time: Thu Aug 27 00:00:00 2009

[08:05] {Threei} Wednesday, August 26, 2009 8:43:34 PM
[08:05] {Threei} FT comments on the recent gains in shares of AIG, Fannie Mae and Freddie Mac
[08:05] {Threei} - AIG has risen by 150% since Aug 3, and shares of Fannie and Freddie have both gained about 250%.
[08:05] {Threei} - A combination of rumors, momentum and the low cost of the shares have all contributed to the moves in the shares.
[08:05] {Threei} - The gains in shares of Fannie and Freddie have been partially driven by the recent stabilization of the US housing market and speculation that the US government would extend its tax credit for first-time homebuyers.
[08:05] {Threei} - Trading has also been driven by a recent widely read analysis of Fannie and Freddie's long-term earnings potential by John Hempton, portfolio manager at Bronte Capital.
[08:05] {Threei} - A short squeeze may also be partially responsible for the share price gains.
[08:06] {Threei} (US) Reportedly, the Fed is seeking to delay disclosing its emergency lending data
[08:06] {Threei} - On Aug 24, a Manhattan judge ruled that the Fed had until Aug 31 to disclose its daily reports on borrowing by banks and other financial firms.
[08:06] {Threei} Fed's lacker: Housing and autos are no longer drag on GDP
[08:30] {Threei} *INITIAL JOBLESS CLAIMS: 570K V 565KE; CONTINUING CLAIMS: 6.133M V 6.242ME
[08:30] {Threei} - Prior jobless claims revised from 576K to K
[08:30] {Threei} - Prior Continuing Claims revised from 6.241M to ...more... (related SHY SPY EUR/USD USD/JPY USO IYM RTH )
[08:30] {Threei} *Q2 PRELIMINARY GDP ANNUALIZED: -1.0% V -1.5%E; PERSONAL CONSUMPTION: -1.0% V -1.3%E
[09:03] {magoo} morning
06[09:03] * nemo slaps magoo around a bit with a large trout
[09:04] {Threei} magooevsky :)
[09:04] {magoo} vasillee:)
[09:05] {magoo} whats correct spelling anyway?
[09:05] {nemo} of what
[09:05] {larisa} vasilisa the beautiful :)
[09:05] {nemo} mornin' lari
[09:06] {larisa} gm :)
[09:07] {magoo} news immu ba vad?
[09:08] {Threei} hmm
[09:09] {Threei} for some reason I have none
[09:09] {dino} lupus drug news
[09:10] {Threei} UCB Group And Immunomedics, Inc. Announce Positive Results for Epratuzumab Phase IIb Study in Systemic Lupus Erythematosus (SLE)
[09:10] {Threei} crap
[09:10] {Threei} they were inside SLE news
[09:10] {Threei} so I missed
[09:11] {Threei} also keep an eye on CLNE
[09:11] {Threei} darn thing started forming beautiful breakout at 11.10, and I intended to watch it for a break today
[09:11] {Threei} of course it had to have news and gap over that
[09:12] {bluejet} gm
[09:12] {Threei} blue :0
[09:12] {nemo} ford
[09:18] {dptl} good morning
[09:18] {Threei} dp :)
[09:19] {cosmo} atsi
[09:19] {cosmo} 3 support
[09:19] {fernp} good morning everybody
[09:20] {Threei} fern :)
[09:22] {dino} gm
[09:23] {larisa} morning dino :)
[09:24] {dino} :)
[09:29] {dino} sigm
[09:31] {Threei} dino :)
[09:31] {dino} pcp
[09:32] {dino} deo
[09:33] {magoo} BA no down
[09:34] {nemo} announced testflight schedule of 787
[09:34] {magoo} i know
[09:34] {magoo} ty
[09:34] {Threei} Long Setup: HIG 22.70 break
[09:34] {Threei} stop under .60
[09:38] {Threei} enough games HIG, it's time
[09:38] {nemo} defecate or get off the commode?
[09:39] {Threei} sigh
[09:39] {Threei} crude... but colorful
[09:39] {nemo} no scatalogically profane references
[09:39] {Threei} 1:1, half out
[09:40] {fernp} ty Vad
[09:40] {Threei} offering 1/4 more at .91
[09:40] {Threei} welcome
[09:40] {magoo} gr.93 here
[09:41] {Threei} that was beautiful little explosion
[09:41] {magoo} yea
[09:41] {Threei} .90 break will lauinch next one
[09:41] {magoo} the commode got it
[09:41] {Threei} rofl
[09:41] {nemo} hehehehe
[09:42] {nemo} time for the bidet?
[09:42] {Threei} 1:2
[09:42] {magoo} out TY BOSS
[09:42] {Threei} 1/4 more out
[09:42] {Threei} wow
[09:42] {dino} pcp sm s .75
[09:42] {Threei} out in full 23.10
[09:42] {Threei} +.40
[09:42] {Threei} can I go home?
[09:43] {nemo} Oh, jeez...alzheimer's
[09:43] {magoo} c'mon..just getting started...maybe at 7 for 7 ill consider it
[09:44] {Threei} IMMU bounced decently off 6
[09:44] {Threei} let's see if there is double bottom in it
[09:45] {magoo} over 8 premkt
[09:46] {dino} vov pcp .15, +.60
[09:46] {dino} cov
[09:48] {magoo} decent pllbk HIG
[09:49] {dino} igk
[09:51] {Threei} AIG
[09:51] {Threei} pace picks up
[09:51] {magoo} vad..maybe Q bounce play?
[09:52] {Threei} and again starts feeling like going insane
[09:52] {fernp} HIG pullback, Vad?
[09:53] {Threei} most likely the same setup once again
[09:53] {Threei} .70 breaak if holding .60
[09:53] {fernp} ok
[09:53] {nemo} oops, support disappeared
[09:53] {Threei} invalidated
[09:53] {Threei} let's wait for the next one
[09:54] {Threei} AIG
[09:54] {Threei} 41 brweak
[09:54] {Threei} if holding 40.80
[09:54] {nemo} oops
[09:54] {magoo} oh no........
[09:54] {Threei} no need to say, smallish shares
[09:54] {magoo} not sure im up to it just yest
[09:54] {magoo} yet
[09:55] {Threei} 1:1
[09:55] {wulff} held overnight 100
[09:56] {nemo} magoo got the flu?
[09:59] {Threei} once again
[09:59] {Threei} same setup AIG
[10:00] {Threei} invalidated
[10:00] {magoo} yea..the one gong around swinehangover
[10:00] {Threei} FDIC: Troubled bank list to in Q2 416 v 305 in Q1
[10:00] {Threei} - Total assets of 'problem' institutions at $B from $220B in Q1
[10:00] {Threei} - FDIC insured institutions net income $B vs $7.6B in Q1
[10:00] {Threei} - Q2 net charge offs $B vs $37.8B in Q1
[10:00] {Threei} - Deposit insurance fund fell % ($B) to $B vs $13.B in Q1
[10:01] {magoo} IMMU your double buns
[10:01] {magoo} mkts getting kicked tho
[10:02] {Threei} Long Setup: IMMU .10 break
[10:02] {Threei} if stays above 6
[10:04] {Threei} 1 cent shy of 1:1??
[10:04] {Threei} come on
[10:04] {magoo} in
[10:04] {Threei} NYMEX Oct crude futures move belows $70/barrel; off by $1.50
[10:05] {magoo} ok lets try this
[10:05] {magoo} get off the commode immu
[10:06] {magoo} Q bounce?
[10:06] {Threei} lol... started typing long AIG .50...
[10:06] {Threei} quess where it was by the time I finished typing
[10:06] {Threei} (US) FDIC's Bair: US financial sector may be at a turning point in regards to asset quality, hopeful that credit probems will moderate in coming quarters
[10:06] {Threei} - Asserts the FDIC has ''ample resources" to protect deposits.
[10:06] {Threei} - Decline in insurance fund balance does not diminish the FDIC's ability to protect depositors.
[10:06] {Threei} - Expects the number of problem banks and bank failures to remain elevated even as economy begins to recover.
[10:06] {Threei} - Loan loss provisions have lowered bank earnings, provisions will remain at elevated levels for some time
[10:06] {Threei} - Credit problems will outlast the recession by at least two quarters.
[10:10] {nemo} mmhhhh big orer .15 on immu
[10:10] {nemo} order
[10:10] {nemo} sell order that is
[10:10] {nemo} big bid .05
[10:10] {Threei} and none of the matters
[10:10] {Threei} them
[10:12] {Threei} should slice through now
[10:12] {Threei} there
[10:12] {Threei} 1:1
[10:13] {Threei} that's 3 for 3... I need 4 more to go home??
[10:13] {Threei} life is unfair
[10:13] {magoo} yea
[10:13] {nemo} that's just for the morning Vad
[10:14] {magoo} ROFLOL nemo
[10:14] {Threei} you greedy basterds
[10:14] {nemo} bastard
[10:14] {nemo} me
[10:14] {Threei} no'
[10:14] {nemo} you here anbody else
[10:14] {Threei} learn to spell
[10:14] {cosmo} bastids
[10:14] {nemo} spel
[10:14] {Threei} bastids, bastages
[10:14] {Threei} or per tarantino, basterds
[10:15] {magoo} out .27 IMMU ty
[10:17] {Threei} over 1:2
[10:18] {dino} sigm l .60
[10:21] {Threei} frikin CLNE
[10:21] {magoo} dam IMMU
[10:23] {nemo} nice contrarian indicator their magoo
[10:24] {Threei} ok, I realize my influence is not a good one when it comes to language skills... but at least try to make it understandable, will ya
[10:24] {nemo} huh?
[10:24] {magoo} huh?
[10:24] {wulff} AIG tight range
[10:25] {Threei} {nemo} nice contrarian indicator their magoo
[10:25] {Threei} huh?
[10:25] {nemo} as soon as he said that it tanked 20 cents
[10:25] {magoo} the spelling?
[10:25] {magoo} out Q bounce .83 +.13 ty vad
[10:25] {nemo} spelink
[10:26] {Threei} you are welcome but I never called it
[10:26] {nemo} brownnoser
[10:26] {magoo} do u want the win or not lol?
[10:27] {Threei} lol
[10:27] {nemo} Vad does not need to burnish his stellar record with falsehoods
[10:27] {nemo} (now that's brownnosing)
[10:27] {Threei} sigh
[10:27] {Threei} I want my coma back
[10:27] {nemo} tomorrow will be a good coma day
[10:27] {magoo} that does it......................
06[10:28] * magoo slaps nemo around a bit with a large trout
06[10:28] * magoo slaps nemo around a bit with a large trout
06[10:28] * magoo slaps nemo around a bit with a large trout
06[10:28] * magoo slaps larisa around a bit with a large trout
06[10:28] * nemo slaps magoo around a bit with a large venison steak
[10:28] {dino} intu l .12
[10:28] {magoo} HEY.,.what that for?
[10:28] {nemo} you like venison?
[10:29] {nemo} Dino...the one adult
[10:31] {Threei} Raven too but he gave up on us
[10:31] {magoo} what is this "venissan" of whicjh u so fondly speak of?
[10:31] {nemo} alright fine
06[10:31] * nemo slaps magoo around a bit with a large venison backstrap
[10:32] {nemo} rimm Vad
[10:33] {nemo} oh well
[10:37] {Raven} {}
[10:38] {dino} sigm stopped -.12
[10:39] {dino} intu stopped flat
[10:44] {Threei} IMMU p;ace picks up
[10:45] {wulff} AIG
[10:49] {wulff} new high
[10:49] {magoo} i caut AIG .80 to .43 ty vads
[10:49] {Threei} lol
[10:49] {Threei} AIG goes to 43
[10:49] {magoo} in'
[10:51] {wulff} in at 41.42
[10:53] {magoo} exit .74
[10:53] {magoo} trying
[10:55] {magoo} OUT TY vad..thats 7 i beklieve
[10:56] {Threei} half out .85
[10:56] {Threei} offering second half 43.05
[10:56] {magoo} may reload
[10:57] {Threei} out
[10:57] {magoo} NICE
[10:57] {Threei} chant, all together: momo, momo, momo
[10:58] {wulff} +1.5
[10:59] {magoo} man vad...reminds me of good ole times..remember?
06[10:59] * magoo slaps wulff around a bit with a large trout
[11:00] {magoo} add nice profuits
[11:00] {nemo} this is around AIG's pre reverse-split high
[11:01] {magoo} it only amounts to a pre rev split of appx 2.40 bux
[11:01] {magoo} 1 dollar to 27 dollar split
[11:01] {nemo} 1:10
[11:01] {nemo} 1:27!!??
[11:01] {magoo} yea
[11:02] {nemo} whoa? Guess they'll have to split soon :)
[11:02] {magoo} 20 : 1 soorry
[11:02] {magoo} still
[11:03] {dino} pw4rd l .82
[11:04] {Threei} IMMU momo
[11:04] {wulff} hast 43 sale
[11:04] {wulff} hasty
[11:06] {Threei} see IMMU?
[11:06] {Threei} see AIG?
[11:06] {Threei} learning to spot those momos?
[11:07] {wulff} after, yes
[11:07] {larisa} lol
[11:07] {wulff} have to partial out for the moves
[11:08] {Threei} it's ll come...
[11:08] {Threei} have you traded in 1998-2000?
[11:08] {wulff} not well
[11:09] {Threei} Brian!
[11:09] {Threei} welcome back
[11:09] {brian3579} hello all long time no talk
[11:09] {Threei} couldn't you come in a few hours earlier? would be a few hundreds(thousands) richer
[11:10] {brian3579} haha
[11:10] {Threei} HIG, AIG, IMMU... full day of beauties
[11:10] {brian3579} aig wow
[11:11] {nemo} look for aig @ .20?
[11:11] {nemo} 44.20 that is
[11:11] {larisa} 45 44 or 43 ?
[11:11] {larisa} lol
[11:12] {nemo} R3 44.17
[11:15] {Threei} anyway... brina, how have you been?
[11:15] {Threei} brian, sorry... our typing is still where it used to be
[11:15] {brian3579} very good hahaha
[11:15] {brian3579} you
[11:20] {dptl} .
[11:21] {dptl} am i here?
[11:21] {Threei} anyone seen dp lately?
[11:21] {magoo} no..wherres he been?
[11:21] {dptl} :)
[11:21] {nemo} no, must be drying out somewhere
[11:21] {Threei} yeah, too bad he is not here... nice guy
[11:22] {Threei} when sober
[11:22] {Threei} which never happens
[11:22] {Threei} IMMU round 3
[11:28] {brian3579} hig
[11:29] {Threei} IMMU, if you feel like dipping toes once again
[11:29] {Threei} .10 break
[11:29] {Threei} if stays above 7 of course
[11:31] {Threei} no go this time
[11:34] {magoo} out AIG .11 a point
[11:35] {magoo} beware of its anbility to do a 3 pt candle drop in 1.76 seconds everyone
[11:35] {Threei} lol
[11:35] {magoo} im more scared of it today
[11:36] {nemo} 13 dollars in less than 3 hours, don't know why
[11:36] {wulff} do you need to?
[11:36] {nemo} just hope it'll be available short on the way down
[11:36] {Threei} yeah, what could possibly be scary about that
[11:36] {wulff} fell free
[11:36] {wulff} feel
[11:37] {magoo} out AGAIN .11 AIG
[11:37] {magoo} AFRAID
[11:37] {magoo} but RICH
[11:37] {nemo} no, don't know why he'd be scared if it jumped $13 in 3 hours
[11:37] {nemo} tung in cheec
[11:38] {nemo} watching aig you wouldn't think the market was own
[11:39] {wulff} I say 50 halts it
[11:40] {nemo} 70
[11:40] {Threei} my bet is 53
[11:40] {nemo} actually 1:00 pm
[11:43] {dino} aef l .10
[11:44] {dino} imagine being long in a halt
[11:44] {nemo} frickin nightmare
[11:45] {nemo} {wulff} I say 50 halts it
[11:45] {nemo} sfsg
[11:45] {dino} thing could open 15 lower
[11:45] {Threei} 9 cents shy... what's up with this sloppiness wulff
[11:46] {nemo} huh...I have a high of 50.04
[11:46] {wulff} I spilled my beer..
[11:46] {Threei} hmm.. 49.91 here
[11:46] {nemo} I'm on laser
[11:46] {dino} alcohol abuse
[11:47] {nemo} quote server 7
[11:47] {wulff} Your call of 43 ceiling seems funny now
[11:47] {Threei} i never said it will top there
[11:47] {Threei} I said it goes to 43 when it was 42
[11:48] {dino} i suppose it goes to 100, that would be 5, from reverse
[11:49] {brian3579} vad does the room have a sound alert when you post a message?
[11:49] {nemo} oh jeez
[11:49] {dino} not for you brian, lol
[11:49] {brian3579} haha
[11:49] {nemo} jokes on you
[11:50] {brian3579} that hurts
[11:50] {nemo} time to open old wounds
[11:51] {nemo} Mmmmmmhhhhh....mags....brian....
[11:51] {Threei} lol... you guys
[11:51] {Threei} if you use mirc, yes
[11:51] {Threei} if mibbit no
[11:51] {nemo} Mags....brian
[11:52] {nemo} o.k. fine
06[11:52] * nemo slaps brian3579 around a bit with a large trout
[11:53] {brian3579} long time time between slaps
[11:54] {Threei} well
[11:54] {Threei} 50 break is C&H on AIG
[11:54] {wulff} but,but...
06[11:55] * nemo slaps brian3579 around a bit with a large trout
[12:02] {Threei} double top so far AIG
[12:05] {nemo} hig looking toppy too
[12:17] {Threei} American International Group, Inc CNBC teasing upcoming segment for a discussion on stock price behavior
[12:17] {Threei} - anchor says their guest has a price target that "will get alot of attention"
[12:17] {Threei} AIG CNBC guesttarget $100; could rise to $200 or $300/shr; recent move higher based on liking new CEO (49.03, +11.34, 30.09%)
[12:17] {Threei} sigh
[12:19] {dino} and yet the company is broke
[12:26] {bluejet} vad, did you have aig?
[12:26] {Threei} hmm?
[12:26] {Threei} when?
[12:27] {bluejet} did you trade it today? I missed it both yesterday and today
[12:27] {Threei} yes
[12:27] {bluejet} good job
[12:29] {Threei} I alled it a few times today... you slept through it? :)
[12:29] {bluejet} no. but i need to take care of kid
[12:30] {larisa} plus some traders are sane, we stay poor but safe :)
[12:30] {Threei} I used to have two of those
[12:30] {Threei} HIG... thinkinbg of 24 break
[12:31] {bluejet} LOL. I am still in that boat. I have q: even if I am here, i would be hesitate to take long since mkt was down this morning. how do you deal with the relationship between a single stock and overall mkt?
[12:31] {dino} pull up a chart
[12:33] {Threei} wow... that's not someothing I could answer without 1 hour lecture
[12:33] {dino} and i did it in 4 words
[12:34] {dino} bustin' ya vad
[12:35] {dino} stop to .94 pwrd
[12:40] {fernp} have to go. see you all tomorrow
[12:41] {Threei} take care fern
[12:49] {Threei} market is frozen
[12:49] {Threei} coma time
[12:50] {nemo} aig freefall
[12:51] {brian3579} vad this is why im back was hoping you would make me laugh during coma time
[12:51] {Threei} :)
[12:51] {Threei} that guest assigning 100, 200 and 300 targets... can you think of beter indication of the top?
[12:52] {nemo} Cramer
[12:55] {Threei} well... AIG is not available for short
[12:55] {Threei} too bad
[12:55] {nemo} that figures
[12:55] {Threei} just tried 48.20
[13:02] {Threei} indirect bidders take 61.2% of competitive bids
[13:02] {Threei} - notes draw 3.092% with 46.3% alotted at the
[13:02] {Threei} high
[13:03] {nemo} interesting look at Fas around 12:30 and tlt around 12:45, the news was out
[13:11] {Threei} covering paper half at paper 47.50 for paper +.70
[13:11] {nemo} on aig in a coma....
[13:14] {Threei} what else can I do if that's the trade AI wanted to take and ikt's unavailable
[13:15] {wulff} been gone for a while, see my 50 held
[13:16] {Threei} you were helped by some "CNBC guest" who said it's goling to 300
[13:16] {Threei} that's whaen it dropped like a stone
[13:17] {Threei} taking paper profit in full at paper 46.90 for paper gain of paper $1.30
[13:21] {Threei} ok, if nothing else, want a little bit of educational blabber?
[13:21] {nemo} sigh
[13:21] {Threei} okay... sorry... back in coma
[13:21] {larisa} yes
[13:22] {nemo} sensitive, isn't he...
[13:22] {Threei} that's me
[13:22] {Threei} just wanted to offer the way 48.20 became a short level
[13:22] {Threei} any guesses?
[13:22] {larisa} i was looking at it, i want to know :)
[13:23] {Threei} inquiring mind...
[13:23] {Threei} unlike nemo's
[13:23] {nemo} old support becomes new resistance?
[13:23] {larisa} what time entry ?
[13:23] {Threei} [12:55] {Threei} just tried 48.20
[13:23] {brian3579} my guess same as nemo
[13:23] {Threei} it is, as far as entry on bounce goes,
[13:24] {nemo} poor brian...he doesn't know about me
[13:24] {Threei} but before that there was a bigger picture:
[13:24] {Threei} yeah brian, before I continue, keep in mind:
[13:24] {Threei} having same thoughts as nemo is a very bothersome sign
[13:24] {brian3579} haha
[13:24] {Threei} in that big picture we have:
[13:24] {nemo} jump now
[13:25] {Threei} double top at 50 (beautiful call by wqullf),
[13:25] {brian3579} light volume on move back too 48.20
[13:25] {Threei} 48 area is a bottom between two tops,,
[13:25] {brian3579} i see
[13:25] {brian3579} thats why im back not the jokes
[13:25] {Threei} retested at 12:05 - 12:10,
[13:25] {Threei} lower high,
[13:26] {Threei} slow slide into 48.20,
[13:26] {Threei} little consolidation,
[13:26] {Threei} the breakdown and sharp drop.
[13:26] {Threei} Volume spike on hat drop,
[13:27] {Threei} then bounce into former support, now resistance (nemo and brian's idea, bery very afraid of the company brian)
[13:27] {Threei} volume drying up on the bounce,
[13:27] {Threei} and that's that.
[13:27] {Threei} Break charts by elements, identify all these simple patterns,
[13:28] {Threei} you get your play structured and served on a dish with blue rim
[13:28] {larisa} so at what point you know that momo is gone and technicals are back? :)
[13:28] {Threei} CNBC guest
[13:28] {larisa} lol
[13:28] {Threei} :)
[13:28] {nemo} I just can't watch
[13:28] {Threei} seriously... assigning insnae targets to a stock that went through such run, and stock drops after that
[13:29] {Threei} what else do you need to call a top, lol
[13:29] {nemo} dead chicken
[13:29] {nemo} coupla diagrams
[13:29] {nemo} Ouija board
[13:30] {nemo} magic words
[13:38] {Threei} [13:25] {brian3579} thats why im back not the jokes
[13:38] {Threei} now, we all know that is not true
[13:39] {brian3579} haha
[13:54] {Threei} DRYS Dry bulk shipping stocks moving higher in last 30 minutes
[13:54] {Threei} - the strength may be attributable to China Cosco, Asia's largest shipping firm by market value... (6.26, +0.57, 10.02%) more... (related EGLE DSX 1919.HK )
[13:55] {Threei} stating in its earnings release this morning that it would consider cancelling or postponing new container ship orders (thus easing concerns about a container ship glut).
[13:55] {bluejet} I have to leave. Thanks, vad. see you tomorrow
[13:55] {Threei} take care blue
[13:57] {magoo} any read AIG vad?
[13:58] {Threei} nope, bcome fairly random
[14:00] {dino} pcp hod
[14:19] {dino} igk drop
[14:23] {Threei} mags
[14:23] {Threei} if you really really want it
[14:23] {Threei} AIG is probably worth a try here
[14:24] {Threei} there, good pullback to try
[14:27] {Threei} sell half here
[14:28] {Threei} stop to about .70, and try to ride it to 48.50 or so
[14:30] {wulff} see y'all tomm..
[14:31] {Threei} take care wulff
[14:31] {Threei} here we go
[14:31] {Threei} feel free to exit
[14:31] {Threei} nice 60 cents
[14:32] {Threei} who am I talking to...
[14:32] {dino} upl
[14:33] {brian3579} i still want a joke
[14:33] {Threei} nope
[14:33] {Threei} no calls, no jokes
[14:33] {nemo} get a mirror?
[14:34] {brian3579} wow
[14:34] {Threei} me misunderappreciated
[14:34] {nemo} that means you're over appreciated
[14:34] {Threei} not according to a former president
[14:34] {nemo} or Roger Clemens...he was mis heard
[14:34] {Threei} who was misunderestimated
[14:35] {nemo} Bin Laden?
06[14:35] * Threei slaps magoo around a bit with a large and beautiful AIG rally which magoo missed
[14:36] {magoo} out .81 +1.11
[14:36] {magoo} tyt vad
[14:38] {Threei} qwhew
[14:38] {Threei} thank you
[14:38] {dino} igk l .85\
[14:42] {magoo} vad if IF AIG takes 50...a powerful long trigger imo
[14:43] {Threei} yes but try to enter on pullback
[14:43] {Threei} like this
[14:43] {magoo} in .08
[14:44] {Threei} breaks are surefire recipe for shakeouts on this one
[14:44] {Threei} entry on pullback into .30 when I said "like this" - look what a beauty
[14:44] {Threei} 40 cents in one gasp
[15:05] {brian3579} nemo tell me a joke
[15:12] {magoo} merr halt
[15:14] {Threei} MERR Halted: News pending
[15:16] {Threei} MERR Raises $10.2M and Settles $43.5M in Civil Legal Claims
[15:16] {Threei} - signed definitive agreements for todays funding of $10.2M through an oversubscribed private placem...more...
[15:16] {Threei} signed definitive agreements for todays funding of $10.2M through an oversubscribed private placement of convertible preferred stock.
[15:16] {Threei} - proceeds from the transaction will be used to reposition the firm for profitable growth and settle $43.5M of previously disclosed civil legal claims that resulted from the unethical conduct of a rogue retail broker in 2008.
[15:19] {dino} out aef .35, +.25
[15:20] {dino} kstevens is having trouble
[15:20] {nemo} got a joke brian...but it's not pc
[15:20] {nemo} the janitor will get pissed
[15:20] {brian3579} ty dino
[15:21] {dino} you take it?
[15:23] {magoo} i scalped that aig ..forgot popst
[15:24] {magoo} sorry ..had 3 others on
[15:24] {Threei} popst will forgive you
[15:24] {magoo} he he
[15:24] {magoo} i had to deal with mr. popst :)
[15:25] {magoo} if u know what i mean
[15:27] {Threei} I am afraid to think
[15:27] {magoo} then dont think..thats what your best at lol
[15:28] {Threei} lol, true
[15:29] {magoo} careful AIG
[15:29] {magoo} watch out below
[15:29] {Threei} 50 remained unbroken
[15:29] {Threei} not good for continuation
[15:29] {Threei} very mucxh looks like blow-off top so far
[15:29] {magoo} will or could be great launch pad at another date boss
[15:30] {magoo} just like 35 was this time
[15:30] {Threei} will need tomorrow as confirmation
[15:30] {Threei} this CNBC guest is what makes me think, top is more likely
[15:31] {Threei} if we had 5 of them bashing AIG
[15:31] {Threei} yet it would proceed higher
[15:31] {Threei} I would sy buy and hold for aniother 20 points
[15:31] {Threei} but having hype with insane tragets and drop after that...
[15:34] {magoo} are u thinkuing top AIG or u calling top like all the other 85% of the clowns ouit there
[15:34] {nemo} whoa
[15:35] {Threei} well... while clowns called top I was saying up,
[15:35] {dino} what about other 15% clowns?
[15:35] {Threei} but now we have a clown saying up :)
[15:35] {Threei} so I am more hesitant :)
[15:35] {Threei} good question dino
[15:36] {nemo} statistical outliers?
[15:36] {dino} thats why you pay me to be here
[15:37] {Threei} let me put it this way mags
[15:37] {Threei} my general motto is, trend continues until it's obviously borken, and I don't like goling against it, no matter how high or low price seems to be,
[15:37] {Threei} there is always room for higher, and almost always for lower.
[15:38] {dino} would you like me to throw something at him?
[15:38] {Threei} always dino, thank you
[15:38] {dino} lol
[15:38] {Threei} But in this case AIG is more likely to be done than not,
[15:38] {dino} brian got out of aes way too soon
[15:38] {dino} aef
[15:38] {Threei} and if yesterday or today I was very easy to convince that it was going higher
[15:38] {magoo} i just was wonderuiing if you are tented up with clowns calling for major pllbk here..or the other clowns long
[15:38] {Threei} it would have to work much harder to convince me tomorrow
[15:39] {Threei} dino... make sure it's very heavy and has sharp edges
[15:39] {dino} just threw a stress ball at him
[15:39] {Threei} that's not sharp
[15:40] {nemo} taser him
[15:40] {dino} no, let me find the darts
[15:40] {nemo} rusty darts
[15:42] {brian3579} dino what was exit?
[15:44] {dino} i took .35, unfortunately
[15:46] {magoo} we in anything?
[15:46] {Threei} no
[15:46] {magoo} ok...
[15:47] {Threei} had IMMU in mind a while ago and it did work but was so slow, I just coluldn't get a read on it
[15:48] {magoo} like triple bottomed
[15:49] {Threei} had in mind little C&H with .65 trigger
[15:49] {Threei} oh well
[15:51] {Threei} DELL Reports Q2 $0.24 v $0.23e, R$12.7B v $12.59Be
[15:51] {Threei} eeck
[15:54] {Threei} American International Group, Inc CNBC says Hank Greeberg tells them that rumors he might be forming a group to take over AIG are not true
[15:54] {Threei} - CNBC mention the comment as they discuss the move higher in AIG today, which CNBC comments was driven by chat room rumors that Greenberg might be eyeing a takeover. CNBC reporters also note that Greenberg made similar comments several months ago in an interview.
[15:56] {magoo} ty vad..everyone
[15:57] {Threei} okay guys
[15:57] {Threei} thank you all
[15:57] {Threei} have a good evening
[15:57] {Threei} see you tomorrow
[15:57] {nemo} cya
[15:57] {cosmo} immu gappa?
[15:58] {Threei} wow dell
[15:58] {Threei} another explosion
[15:59] {dino} out igk .97, +.12
[16:02] {dino} thx all

Labels: , , ,

Wednesday, August 26, 2009

Aug 26 2009

Profitable day overall but the major flare occured at the end of it. My constant harping "let's learn to recognize the momentum, it will serve us well in the following months" paid off today when some of room members caught AIG run for a huge gain. Very satisfying.

Session Time: Wed Aug 26 00:00:00 2009

[08:21] {Threei} US) Fed's Fisher: Economic recovery is underway, but businesses will continue to be conservative on hiring - Dallas Morning News
[08:21] {Threei} - The US economy is no longer in free fall, "healing process" has begun.
[08:21] {Threei} - Consumers are more confident, housing is showing a few positive signs.
[08:21] {Threei} - Does not expect rapid recovery, especially in jobs. It will be a while before businesses rehire or increase pay.
[08:30] {Threei} JULY DURABLE GOODS ORDERS: 4.9% V 3.0%E
[08:30] {Threei} DURABLES EX-TRANSPORTATION: 0.8% V 0.9%E
[08:38] {Threei} CPST Receives order for 4 C30 C1D2 Microturbines for Offshore Platforms in Gulf of Mexico
[08:38] {Threei} The total order exceeds $500,000 and is the latest in a series of orders for the low-emission Capstone product that is specially designed for hazardous Class 1, Division 2 environments.
[08:38] {Threei} - The same end-use customer previously purchased 38 C30 microturbines that are installed on manned and unmanned oil platforms throughout the Gulf of Mexico.
[08:38] {Threei} - The latest microturbines will be installed in the first quarter of 2010.
[08:47] {ese} well well well.....the more things change the more they stay the back from Copenhagen and am now in whistler......just thougt that i would check in on you bunch fo blighters
[08:47] {nemo} hey ese...good trip?
[08:47] {ese} fantastic......want to move there
[08:48] {ese} felt that way the last time too
[08:48] {ese} 3 years ago
[08:49] {Threei} welcome back ese!
[08:49] {ese} hows the market.......from just checking a little over there it seems like it is going sideways a litle
[08:49] {ese} hey vad
[08:50] {ese} good to be back .....almost home
[08:51] {Threei} Whistler is close enough
[08:52] {Threei} market is mostly quiet but there are opportunities every day
[08:54] {ese} alot closer than copenhagen thats for sure
[09:00] {ese} we received an invitation to Prague Checkoslovakia and Austria Vad for next year.......maybe we should go to your home town wherever that is do a show there
[09:00] {Threei} no we should not
[09:01] {Threei} take my word for it :)
[09:01] {cosmo} hmmm
[09:01] {larisa} gm :)
[09:01] {Threei} larisa :)
[09:01] {cosmo} home towns are tat way
[09:01] {cosmo} that
[09:01] {ese} LARIS BABY!!!!
[09:02] {larisa} lol, ese is back :)
[09:02] {ese} Ok will take your word for that vad
[09:02] {ese} only for a bit laris.....things to do with the family today
[09:03] {magoo} morning
[09:03] {Threei} magoo :)
[09:03] {ese} mags!!
[09:03] {ese} Everybody gets the big welcome from me today
[09:03] {magoo} sigh..cut 1k hgsi at 19.30 afterhrs
[09:03] {ese} MAGS!!!!!
[09:05] {fernp} good morning everybody
[09:05] {fernp} welcome home ese
[09:05] {ese} FERN!!!!! tks
[09:06] {magoo} E
[09:06] {magoo} S
[09:06] {magoo} E
[09:06] {magoo} S
[09:06] {magoo} E
[09:06] {ese} now thats cool one upmanship
[09:07] {Threei} fern :)
[09:09] {bluejet} GM
[09:09] {Threei} bluejet :)
[09:13] {Threei} Yesterday 21:46 HGSI Price Target raised to $31 from $18 at Weisel
[09:13] {Threei} 9:03:26 AM
[09:13] {Threei} Human Genome Sciences Inc Shares move higher on the back of continued takeover chatter
[09:13] {Threei} - Takeover chatter first reported in yesterday's session, chatter being repeated by CNBC in today's premarket
[09:15] {magoo} i know i know ..its momo..but lets try TRY to read it ok boss
[09:16] {Threei} sigh
[09:17] {Threei} did I call it yesterday when it gave a setup?
[09:17] {magoo} i did i thought
[09:17] {nemo} there you go thinking again
[09:18] {Threei} 12:14] {Alert} Threei Long Setup: HGSI .50 break
[09:18] {Threei} dino must be a saint...
[09:19] {nemo} that's .30 from here Vad....:)
[09:19] {Threei} ok... go away you two, and call HGSI for each other {G}
[09:19] {nemo} what I do?
[09:20] {larisa} do not yell at each other, I called it :)
06[09:20] * nemo slaps dino around a bit with a large trout
[09:20] {Threei} larisa as always... preventing murder
[09:21] {larisa} [12:07] {larisa} AIG HGSI woke up
[09:21] {larisa} lol
[09:21] {dino} gm all
[09:21] {Threei} morning dino
[09:21] {Threei} we decided you are a saint
[09:21] {larisa} morning dino, take coffee away from magoo :)
[09:22] {nemo} what's this "we" stuff?
[09:22] {Threei} and vodka
[09:22] {ese} DINO!!!!!!
[09:22] {Threei} leave him nice soothing green tea
[09:22] {Threei} with jasmine
[09:23] {dino} dino a saint, lol
[09:23] {cosmo} who's she?
[09:23] {Threei} yes dino... hard earned title, too... to put up with magoo for so long
[09:24] {dino} drinking helps
[09:25] {Threei} HURN Citadel LP reports new stake of 5.7% as of 8/19 - filing
[09:25] {Threei} - this makes Citadel the 2nd largest holder
[09:27] {nemo} [09:23] {&Threei} yes dino... hard earned title, too... to put up with magoo for so long...Its STOCKHOLM SYNDROME!
[09:28] {dino} ok, aded 3rd system last night, dedicated to trades
[09:29] {dptl} good morning
[09:30] {Threei} dp :)
[09:31] {Threei} HGSI
[09:31] {Threei} bounce
[09:31] {Threei} .60 break
[09:31] {Threei} stop under .45
[09:31] {Threei} half lot
[09:32] {Threei} invalidated
[09:34] {Threei} .20 was another trigger but I couldn't type in time
[09:34] {Threei} oh well
[09:34] {nemo} neural implant
[09:35] {nemo} then again, what else miht come out of your mind could be scary
[09:36] {magoo} what a nasty drop HG
[09:36] {Threei} sheesh
[09:36] {nemo} yeah
[09:36] {magoo} soihgh
[09:36] {nemo} gaelic again?
[09:37] {nemo} geez, coulda' gone home already
[09:37] {fernp} INTC long .26
[09:38] {magoo} AIG vad?
[09:38] {Threei} AIG .65 break worth a try
[09:39] {fernp} 1:1 INTC
[09:39] {dino} cm
[09:39] {nemo} hgsi pullback range?
[09:42] {Threei} AIG, watching for double bottom
[09:43] {Threei} .60 break if holdiog .50
[09:44] {Threei} 1:1, half out
[09:44] {fernp} out here ty
[09:45] {Threei} scalpers win
[09:46] {nemo} $ up strong
[09:50] {Threei} HGSI
[09:50] {Threei} sharp leg down is likely now
[09:50] {Threei} entry should be somewhere around .50-.60
[09:53] {Threei} SQNM
[09:53] {Threei} no news
[09:55] {Threei} must be some rumor somewhere
[09:55] {Threei} nice momo
[09:57] {magoo} HIG vad look
[09:57] {Threei} Long Setup: SQNM 50 break
[09:57] {Threei} if stays above .40
[09:57] {Threei} HIG .15 long
[09:57] {Threei} stop under 22
[09:58] {nemo} too fast
[09:58] {magoo} in .12
[09:58] {nemo} hig or hgsi
[09:58] {Threei} ??
[09:58] {Threei} [09:57] {magoo} HIG vad look
[09:58] {Threei} [09:57] {Threei} HIG .15 long
[09:58] {Threei} [09:57] {Threei} stop under 22
[09:58] {nemo} look at the prices between the two and what you type
[09:59] {nemo} oh, looked away
[09:59] {Threei} how can it be construed as HGSI?
[09:59] {nemo} your typing and the closeness of their stock prices
[10:00] {Threei} JULY NEW HOME SALES: 433K V 390KE (+9.6% M/M
[10:00] {Threei} prior revised from 384K to 395K
[10:01] {magoo} out HIG .37
[10:01] {magoo} ty vad
[10:02] {nemo} interesting, that home stuff was good not reacting all that strongly
[10:04] {KSystems} helloooooooooooooooo
[10:04] {Threei} KS!
[10:04] {nemo} Tag
[10:04] {magoo} KS:)
[10:05] {nemo} sollten wir auf deutsch reden, so Vad aufgepisst werden sein?
[10:05] {dino} intu
[10:05] {dino} sm l .50
[10:06] {Threei} NYMX NX-1207 shows major effect on Liver Cancer in animal study
[10:06] {Threei} - NX-1207 has been shown to repeatedly produce strongly positive results when given to animals with ... (4.75, +0.46, 10.72%) more...
[10:07] {dino} ggc
[10:07] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:07] {Threei} **consensus expectations:
[10:07] {Threei} Crude: +1.2Me
[10:07] {Threei} Gasoline: -1.7Me
[10:07] {Threei} Distillate: +400Ke
[10:08] {Threei} SQNM... really acts like momo in the making
[10:08] {magoo} ah..missed
[10:08] {Threei} it gives sharp pullbacks
[10:08] {Threei} watch it
[10:12] {Threei} HGSI
[10:12] {Threei} opps... late
[10:13] {Threei} things are furiously fast
[10:15] {Threei} DNDN Strength attributed to renewed takeover chatter circulating (25.00, +0.88, 3.65%)
[10:16] {fernp} BAC breaking hod
[10:18] {Threei} HGSI... .50 break
[10:18] {Threei} risky as hell
[10:18] {Threei} pullback is better way to enter but impossible to call
[10:21] {wulff} big caps are all in tight range
[10:25] {Threei} NYMX...
[10:25] {Threei} usually POS but gets sewrious attention today
[10:30] {Threei} DOE CRUDE: +128K V -1.8ME
[10:30] {Threei} GASOLINE: -1.7M V -1.2ME; DISTILLATE: +767K V +200KE
[10:30] {Threei} VPHM Hearing shares moving higher on the back of takeover chatter
[10:30] {Threei} - Hearing Teva rumored as interested party
[10:30] {Threei} a bit too many of those lately eh?
[10:33] {nemo} market taking that oil report as bullish
[10:38] {Threei} NYMX, mama mia
[10:39] {Threei} USGS reports magnitude 6.0 quake in southern Alaska
[10:40] {Threei} let's make bets
[10:40] {Threei} 7?
[10:40] {Threei} 8?
[10:40] {Threei} 9?
[10:43] {dino} intu stopped flat
[10:43] {magoo} out .99 YTY vad
[10:43] {magoo} 2k
[10:43] {Threei} why was I so sure of that...
[10:43] {Threei} from?
[10:44] {magoo} .50
[10:44] {magoo} great exit
[10:44] {magoo} until it porints 9 he he
[10:45] {Threei} take a look at AIG guys
[10:46] {Threei} see this many times tried resistance at .80?
[10:46] {Threei} break of it is a long signal, watch for range to establish
[10:47] {Threei} if loses .60, temporarily invalidated, but can re-establish itsaelf
[10:47] {Threei} may take a while so I describe the trading idea in advance
[10:47] {nemo} if loses .55...short?
[10:52] {Threei} not for me
[10:54] {ese} wow....i haven't been away for that long but man you loose your feel for this.......will be treading lightly if at all
[10:55] {magoo} actually is hectic
[10:55] {magoo} furious start
[10:56] {ese} ya....i sorta got that.....watched and thought.......hmmmm could do anything......was strange feeling
[10:56] {ese} couldn't
[10:58] {Threei} Palm, Inc Pali Research comments on sales trends for Pre handsets (timing uncertain)
[10:58] {Threei} - Pali says it estimates that Sprint has sold about 70,000 Palm Pre's since August 7th, indicating that Pre sales are holding in at the mid 20,000 range per week.
[11:01] {magoo} RMBS vad..olook
[11:02] {Threei} pullback into .50, I'd be interested
[11:02] {Threei} no fresh news
[11:03] {nemo} aig creeping, but I can barely see the volume on my chart
[11:08] {Threei} creeping down you mean
[11:09] {nemo} not at 11:03 it wasn't
[11:09] {Threei} oh... my intervals between coma/wakeups increase... sorry
06[11:10] * nemo slaps Threei around a bit with a large prescription of black beauties
[11:10] {Threei} you say something, I fall asleep, wake up, answer... without realizing there was 5 min inbetween
[11:10] {Threei} RMBS
[11:10] {Threei} becomes interestying for bounce when market doesa
[11:11] {Threei} .50 break obvious setup
[11:11] {nemo} stop of .30 to avoid shakeout?
[11:12] {Threei} way too wide for me
[11:14] {patel} hello everyone
[11:15] {patel} still on vacation but stopped in to trade today
[11:15] {nemo} vacationing patella
[11:15] {nemo} ahhhhh
[11:15] {nemo} we're in a coma
[11:15] {patel} oh come on nemo
[11:15] {patel} the whole time i been gone
[11:15] {patel} you all been trading good
[11:15] {nemo} some better than others
[11:16] {dino} sm s wsm .50
[11:18] {Threei} hi patel
[11:18] {nemo} see...vad just regained consciousness
[11:18] {Threei} don't listen to nemo, his coma takes permanent root
[11:18] {Threei} while I am waking up now and then
[11:19] {nemo} pot calling the kettle black
[11:19] {patel} yes nice nice
[11:22] {patel} we watchving RMBS right now
[11:22] {nemo} kinda' just dropped to R3
[11:22] {patel} yup i just saw that
[11:22] {nemo} was gonna' be break of .50/.40 stop, w market market help
[11:38] {dino} lnn
[11:39] {dino} cov wsm .15, +.35
[11:41] {dino} lnn gap fill
[11:50] {dino} wsm sm l .25
[11:52] {dino} pwrd sm l .15
[11:54] {dino} acm
[11:56] {dino} lnn sm l .05
[12:05] {wulff} +1.6 AAPL
06[12:06] * nemo slaps wulff around a bit with a large admonishment for indecent profits
06[12:21] * magoo slaps nemo around a bit with a large trout
06[12:21] * magoo slaps patience around a bit with a large trout
06[12:21] * magoo slaps wulff around a bit with a large trout
06[12:23] * magoo slaps laserdave around a bit with a large trout
06[12:23] * magoo slaps laserdave around a bit with a large trout
06[12:23] * magoo slaps laserdave around a bit with a large trout
[12:23] {larisa} finger stuck?
[12:25] {Threei} no, expression of special passion and affection
[12:25] {magoo} 6thats it
[12:25] {magoo} my typing has reached a new platuea of debotchery...i hit a numeral in there now
[12:26] {magoo} [12:25] {magoo} 6thats it
[12:26] {laserdave} thansk magoober
[12:26] {magoo} where u been?
[12:28] {Threei} lol mags
[12:31] {dino} .
[12:32] {dino} hgsi
[12:32] {Threei} HGSI Ticking lower on chatter GSK has denied interest in acquiring company
[12:32] {Threei} - Note: takeover chatter has been circulating in the name for the last two sessions, with GSK rumor... (21.46, +2.25, 11.71%) more... (related GSK )
[12:33] {Threei} that's gotta hurt
[12:41] {Threei} hurt it does
[12:42] {Threei} American Hospital Assn: US hospitals to gain $16B over the next decade from healthcare reform due to expanded coverage (related IYH )
[12:42] {Threei} ummm
[12:43] {Threei} from who?
[12:46] {dino} wsm to b/e
[12:50] {dino} stopped
[12:58] {dino} wsm l .14
[13:11] {Threei} NI) Nigerian Oil Min: Satisfied with oil prices of $70-80
[13:11] {Threei} oh good
[13:14] {dino} ouldn't want him unhappy
[13:23] {dino} kirk drop
[13:24] {Threei} (US) Rep. Kucinich (D) has reportedly asked health insurance CEOs to discuss denial of client claims by their companies
[13:24] {Threei} - A Congressional source says that Kucinich has requested explanations from the CEOs of Aetna, Wellpoint, Cigna and Humana.
[13:25] {dptl} Vad,would you short rmbs .20 break?
[13:26] {Threei} if stays under .30, and market drops...
[13:26] {dptl} ok ty
[13:29] {dino} stop to .25 wsm
[13:29] {dino} out +.11
[13:33] {Threei} Fed's Lockhart: too soon to contemplate raising rates; exit strategy for exit from asset purchase programs must be carefully communicated to prevent distortions - Q&A with reporters
[13:33] {Threei} - sees Fed's balance sheet starting to shrink in 2010.
[13:33] {Threei} - says he does not rule out raising MBS purchases but not leaning in that direction.
[13:33] {Threei} - notes recent housing data has been encouraging, has 'every hope' that the housing market has bottomed.
[13:33] {Threei} - expects more bank failures.
[13:33] {Threei} MTXX Ticking higher; hearing company affirming ongoing talks with FDA over Zicam recall
[13:33] {Threei} - MTXX is holding its annual shareholder meeting today (5.96, -0.23, -3.72%)
[13:38] {dino} isle l ,24
[13:56] {dino} kirk l .37
[14:31] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:31] {Threei} I agree
[14:31] {Threei} except may be for the 5th and 8th Z
[14:32] {Threei} those look dubious to me'
[14:32] {dino} what did you call me!, lol
[14:33] {dino} air pockets today\
[14:35] {dino} atni
[14:56] {Threei} Long Setup: AIG .80 break
[14:56] {Threei} if stays above .70
[15:01] {Threei} shapes up very nicely, just need market help
06[15:04] * Threei kicks AIG in the rear
[15:07] {magoo} NO WAY TOO CATCH THAT
[15:07] {Threei} you weren't in aggressively??
[15:07] {Threei} YOU???
[15:07] {Threei} I was pretty sure you were in at .76 at least, lol
[15:07] {Threei} 1:1
[15:08] {dino} gj
[15:08] {jmb} Thanks Vad
[15:08] {Threei} :)
[15:12] {Threei} dino... if I say 1:3, will I piss magoo off to no limit and please you in doing so?
[15:13] {dino} out kirk .50, +.13
[15:14] {dino} don't say it vad
[15:14] {Threei} okay... wanted to do you a favor {G}
[15:15] {dino} :)
[15:17] {Threei} that was perfect cup and handle
[15:17] {Threei} sorry dino, I just do it for my own enjoyment
[15:18] {dino} no worries
[15:21] {dino} bont
[15:23] {wulff} the NASD is frozen
[15:24] {Threei} hmm?
[15:24] {wulff} i.e. not moving very far
[15:25] {dino} unplugged
[15:26] {Threei} ok... I thought you mean quotes are broken
[15:28] {wulff} you like AIG .10 scalp?
[15:29] {Threei} toughie...
[15:29] {Threei} if market starts big uoward move, of course.... bu I'd rather stay with pullback
[15:29] {wulff} bit too close to close
[15:31] {wulff} slo mo with no momo
[15:33] {dino} blahhhhhhhh
[15:44] {wulff} should have taken .10
[15:44] {Threei} yeah
[15:45] {wulff} crap
[15:45] {Threei} something's happening there
[15:45] {Threei} that's not a techgnical move
[15:45] {wulff} shorts
[15:46] {Threei} no
[15:46] {Threei} against market, too big
[15:47] {Threei} something happens somewhere of which we are not informed yet
[15:47] {dino} yadda yadda yadda
[15:47] {dino} losing my mind
[15:48] {Threei} maybe something from FDIC
[15:48] {Threei} FDIC suggests extension of transaction account guarantee for banks; a rule looking for input on impact of off balance sheet accounting change
[15:48] {Threei} - Suggest rule that would call for information on whether or not to phase in a capital impact of accounting change
[15:48] {Threei} - FDIC's Bair: It is important to have alternative source of capital to assist minimizing losses to the Deposit Insurance fund as banks industry still faces serious challenges; prospects for future growth have improved.
[15:48] {Threei} - FDIC staff suggests 10% Tier 1 common equity capital ratio vs 15% prior
[15:48] {Threei} - Note: The FDIC is meeting today on a variety of issues including a policy on private equity investments in failed banks; guidelines under consideration considered less stringent than prior rules according to the OCC
[15:49] {larisa} crazy stock
[15:50] {larisa} over 35 shorts got nervous
[15:50] {Threei} no kidding
[15:50] {Threei} such resistance on daily
[15:51] {dino} so ease up on cap. req.
[15:52] {wulff} .10 looks good now
[15:52] {larisa} lol
[15:52] {Threei} rofl
[15:52] {Threei} all finnies are moving
[15:53] {Threei} none is so impressive as AIG though
[15:53] {magoo} long AIG 324
[15:53] {magoo} 34
[15:54] {larisa} I looked at vads call at 33.80 break and said to myself : no way this dead meat will do it :) did you feel tension vad or just liked the chart ?
[15:54] {Threei} liked the chart
[15:54] {Threei} there was nothing even close to this energy at the moment
[15:54] {dino} all dayer out pwrd .45, +.30
[15:54] {larisa} because I was looking at it and felt nofing :)
[15:54] {larisa} right
[15:55] {Threei} scalped .88 - 56.10
[15:55] {Threei} 36.10
[15:56] {dino} month end games
[15:56] {Threei} jeez
[15:56] {dino} aig magoo long 34
[15:57] {Threei} ok... that was my fault entirely for not saying "we have momo"
[15:57] {Threei} the pace was totally there
[15:57] {Threei} whatever.. profitable day
[15:57] {Threei} and plenty more to come
[15:57] {dino} he's up 10k
[15:57] {dino} pig
[15:57] {larisa} lol
06[15:58] * Threei slaps dino around a bit with a large kosher salmon
[15:58] {Threei} 38 is coming
[15:59] {Threei} 38.05 high
[15:59] {magoo} 3q5][kteak'pk'f'mfssf'
[15:59] {magoo} OPUTR #* BUX
[15:59] {magoo} 12k
[15:59] {magoo} NO SHIT
[15:59] {Threei} wtg mags
[15:59] {Threei} fantastic job
[15:59] {dino} out lnn .96, -.09
[15:59] {magoo} i twasso pissed at missuing your call
[16:00] {Threei} pays to identify those momos eh?
[16:00] {magoo} i took 34 agressive BOOM
[16:00] {magoo} let winners win
[16:00] {Threei} okay guys
[16:00] {Threei} thank you all
[16:00] {magoo} but your heckling got me motivated :)
[16:00] {Threei} have a good evening
[16:00] {Threei} mags, feel free to send me 30%
[16:01] {Threei} and fear not, I am willing to heckle you eery day
[16:01] {larisa} bye all :)
[16:01] {dptl} good evening all
[16:02] {magoo} ok
[16:02] {magoo} :)
[16:03] {dino} he's driving me nuts
[16:06] {dino} ok, thx all, up, but light, anyway, tee time in 20

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Tuesday, August 25, 2009

Aug 25 2009

Beautiful day with a few scalps and a few bigger plays: AIG, notably HGSI for 45 cents and MTXX. No complains at all.

Session Time: Tue Aug 25 00:00:00 2009

[08:36] {bluejet} gm
[08:36] {Threei} Good morning
[08:46] {fernp} good morning everybody
[08:46] {Threei} fern :)
[08:55] {Threei} US) President Obama: Confirms speculation that he will endorse current Fed Chairman Bernake for second term
[08:56] {Threei} - States that Bernake has helped to prevent a second great depression
[08:56] {Threei} never mind that first he helped to create the threat
[09:00] {Threei} JUN S&P/CASESHILLER-20 Y/Y: -15.44% V -16.4%E; HOME PRICE INDEX: 141.86 V 139.84 PRIOR
[09:01] {Threei} NANO Announces Multiple Purchase Orders for Caliper Mosaic Overlay and Atlas OCD Metrology Systems from Leading Memory Customer (5.26, 0.00, 0.00%)
[09:03] {Threei} Fed's Bernanke: pledges to do his utmost to promote an environoment of growth and prosperity
[09:03] {Threei} - Fed has been challenged by the events of the last several years.
[09:08] {magoo} morning
[09:09] {Threei} mags :)
[09:09] {magoo} big gap hgsi
[09:09] {larisa} gm :)
[09:09] {Threei} no news
[09:09] {Threei} larisa :)
[09:17] {cosmo} COCO firming?
[09:18] {cosmo} 19.11 lod so far
[09:21] {dptl} good morning
[09:22] {Threei} cosmo, dp :)
[09:23] {cosmo} :)
[09:28] {dino} gm all, ed's popping
[09:29] {Threei} dino :)
[09:29] {Threei} watching BCRX for possible continuation of momo
[09:29] {Threei} HGSI
[09:30] {Threei} FRE/FNM
[09:30] {Threei} ACOR Confirms Date of FDA Advisory Committee Review of Fampridine-SR for Improvement of Walking Ability in People with MS
[09:30] {Threei} - Reminder: On Aug 24 -FDA advisory panel has reportedly scheduled a review for multiple sclerosis d... (22.97, 0.00, 0.00%) more...
[09:32] {Threei} White House: Still sees unemployment peaking at 10% in Q4; 2009 Fiscal Deficit seen at $1.85T
[09:32] {Threei} - See possibility of broader deficit levels on the back of a weaker economy
[09:32] {nemo} duh
[09:34] {Threei} Long Setup: BCRX .60 break half lot
[09:34] {Threei} if stays above .40
[09:35] {Threei} FNM, pullback just under 2 is interesting for wentry
[09:35] {nemo} whoa, bcrx
[09:37] {Threei} Long Setup: FNM 2 break if stays above 1.95
[09:37] {magoo} in .99
[09:39] {Threei} Long Setup: AIG on pullback to near .10
[09:39] {cosmo} COCO pre mkt high = 20 fwiw
[09:40] {Threei} White House: Still sees unemployment peaking at 10% in Q4; 2009 Fiscal Deficit seen at $1.85T
[09:40] {Threei} - See possibility of broader deficit levels on the back of a weaker economy
[09:40] {Threei} oops, wrong one
[09:40] {Threei} (US) Karl Case: "The boat has turned" for US housing - radio interview (related XHB )
[09:41] {cosmo} turned over?
[09:41] {Threei} FNM no worky
[09:41] {fernp} C Vad?
[09:41] {Threei} BAC looks more promising to me fern
[09:41] {fernp} ok
[09:42] {Threei} Preview: Q2 and Jun US House Price Index due out at 10amET
[09:42] {Threei} **consensus expectation
[09:42] {Threei} - Jun (MoM): 0.4%e v 0.9% prior (estimates range between 0.0% to +0.6%)
[09:42] {Threei} - Q2 QoQ: -0.4%e v -0.6% prior
[09:42] {Threei} comwe on AIG, a bit more
[09:43] {Threei} Long Setup: BAC .70 if stays above .60
[09:44] {magoo} HGSI strong
[09:44] {Threei} in AIG
[09:45] {Threei} 1:2
[09:45] {Threei} out
[09:45] {Threei} that was easy money
[09:45] {Threei} laid out well in advance
[09:46] {nemo} use Getco?
[09:46] {Threei} no
[09:46] {Threei} it moves a bit too fast and I didn't want to miss it
[09:46] {Threei} BAC, I did
[09:46] {magoo} out bac .78 TY
[09:46] {magoo} 3k
[09:46] {Threei} BAC 1:1
[09:48] {Threei} anyone got AIG on that beautiful drop right into entry??
[09:48] {magoo} missed..where u take it
[09:48] {nemo} magoo missed
06[09:48] * nemo faints
[09:48] {Threei} 34.10
[09:49] {fernp} no. and missed BAC
[09:49] {magoo} nice
[09:49] {magoo} read on HGSI boss?
06[09:49] * Threei sends coffee to entire room
[09:50] {magoo} BCRX
[09:50] {Threei} none here mags
[09:50] {cosmo} add two shoys here
[09:50] {nemo} coffee???
[09:50] {cosmo} shots
[09:50] {nemo} yeah..gray goose...ketel1
[09:50] {Threei} you guys are confused... we make money, THEN fall asleep
[09:50] {Threei} not the other way around
[09:50] {nemo} oh yeah, look at BCRX nice dip in price and volume
[09:51] {Threei} that's unless you possess the skill to make money in your sleep of course
[09:51] {cosmo} mutual funds do that ...i think
[09:52] {Threei} BCRX, .40 break was setup... I hesitated seeing how it misbehaved earlier
[09:53] {nemo} did it misbehave, or just follow the market?
[09:53] {Threei} I don't think it has much to do with market at this point, momo is too fresh
[09:56] {magoo} HGSI vad
[09:57] {Threei} mags, there are no technicals to it
[09:57] {magoo} i know
[09:57] {magoo} has ythe look
[09:57] {Threei} what do youy want from me, to call it a momo? :)
[09:57] {Threei} it is
[09:57] {magoo} cranky
[09:57] {magoo} ud be a hero if u did
[09:58] {Threei} it has 20 look
[09:58] {Threei} catch a pullback
[09:58] {fernp} LTD interesting daily breakout
[09:59] {nemo} rimm forming symmetrical triangle
[10:00] {Threei} AUG CONSUMER CONFIDENCE: 54.1 V 47.9E
[10:02] {fernp} out LTD +.28
[10:02] {Threei} wtg
[10:03] {fernp} ty
[10:03] {Threei} is it me or quotes just died?
[10:03] {dptl} laser..out
[10:03] {nemo} check your pulse
[10:03] {nemo} laser fine for me
[10:04] {larisa} fine here
[10:04] {nemo} canucks
[10:04] {Threei} our route then dp
[10:04] {Threei} ploy against Canada
[10:04] {nemo} commie bastards
[10:04] {Threei} back up now
[10:05] {Threei} and I was wondering how come fern profited form a stock that doesn't move, lol
[10:05] {fernp} lol
[10:07] {dino} scanners red fwiw
[10:12] {Threei} JUN HOUSE PRICE INDEX M/M: 0.5% V 0.4%E
[10:12] {Threei} - Q2 House price index Q/Q: -0.7% v -0.4%e
[10:12] {Threei} - Prior MoM revised to 0.6% v 0.09% prior
[10:12] {Threei} - Home prices -5% in 12 months ended in June
[10:15] {dino} sm s pwrd .80
[10:15] {wulff} like BCRX short
[10:15] {dino} bstop .06
[10:21] {Threei} Long Setup: HGSI .65 if stays above .50
[10:22] {magoo} i
[10:23] {dino} pwrd bstop to b/e
[10:23] {dino} to .70
[10:23] {dino} mkt bounce
[10:24] {Threei} wow
[10:25] {Threei} stubborn seller at .65
[10:25] {dino} cov .50, +.30
[10:25] {Threei} got steamrolled finally
[10:27] {dino} strange, china -2.5% china amer. listed up
[10:28] {Threei} 1:1 is close enough for partial, HGSI
[10:28] {Threei} market reversed down, let's not be too anal-retentive about couple cents
[10:28] {Threei} me half out and stop to under .60 for the balance
[10:30] {fernp} ty HGSI, Vad
[10:30] {Threei} :)
[10:36] {Threei} 1:2
[10:36] {Threei} me out and happy
[10:36] {dino} back in 30 or so, r.e. issues
[10:37] {Threei} you and whole country, dino
[10:37] {dino} buying today
[10:37] {magoo} internet crasjh
[10:37] {magoo} i here?
[10:37] {Threei} yes
[10:39] {Threei} did HGSI for 1:2 mags?
[10:39] {magoo} still in..just got running
[10:39] {Threei} ok... I am out
[10:39] {Threei} wulff... shorted your BCRX?
[10:40] {wulff} missed
[10:40] {wulff} might redo
[10:41] {magoo} out hgsi
[10:41] {magoo} ty vas
[10:46] {magoo} vad..lets watch hgsi vad another bounce
[10:48] {magoo} vasilee?
[10:49] {magoo} [10:41] {magoo} ty vas
[10:49] {Threei} sigh
[10:50] {Threei} you reely shool hav taken lesons from my typin teeecheer
[10:53] {magoo} i took the speed cousrres
[10:53] {magoo} lkdzxfnfdslk
[11:01] {nemo} this is feeling like yesterday...which means it won't be
[11:24] {dino} back
[11:24] {nemo} happy day
[11:25] {dino} bidding, we'll know in a week
[11:25] {nemo} where is it?
[11:26] {dino} ne pa, foreclosure
[11:26] {nemo} multi or single?
[11:26] {dino} single, 2200 sq, 2 story
[11:27] {dino} enough tho, time to trade
[11:28] {dino} ouch npwz
[11:28] {magoo} HGSI
[11:36] {patience} .
[11:36] {Threei} good point
[11:38] {Threei} not to put too gine point at it, but I'd really like to point out how good the point is, and do so in a pointed fashion
[11:39] {dino} point well taken
[11:40] {nemo} I think I prefer him in a coma
[11:40] {Threei} {patience} at what point did I subject myself to this, and what's the point of aall this?...
[11:41] {nemo} oh great, meaning of life questions
[11:44] {Threei} lol
[11:44] {Threei} Credit Suisse Raised 036570.KS to Outperform from Underperform
[11:44] {Threei} good... how do we trade THAT?
[11:44] {nemo} 3.1416
[11:45] {dino} neu up to games again
[11:45] {Threei} European Aeronautic Defence & Space Co. WTO reportedly come to conclusion on case over EU aid to Airbus on Sept 4; results will not be immediately available to public - unconfirmed report
[11:45] {Threei} - US was complaining about the aid Airbus receives from countries in Europe
[11:46] {Threei} that's something to potnetially impact BA, no?
[11:46] {nemo} that will be until Boeing goes for a bailout
[11:46] {nemo} ooohhh....great minds
[11:46] {Threei} frightening thought
[11:46] {nemo} yeah...for you
[11:46] {Threei} well, .60 for BA...
[11:47] {Threei} break point with .50 as support
[11:47] {nemo} news may have already been out, look at the stock today
[11:47] {Threei} just looking at the chart
[11:47] {Threei} not going off news
[11:48] {Threei} news is meaningless since they don't disclose the decision anyway
[11:49] {dino} ba complaining because they have problems keeping the wings on their dreamliner
[11:50] {dino} wcn drop
[11:52] {dino} not enough
[12:07] {nemo} ag popped
[12:07] {larisa} AIG HGSI woke up
[12:07] {Threei} like someone pushed momo button somewhere
[12:08] {Threei} is BCRX next?
[12:08] {nemo} had nice formation on both 1 an 5 minute
[12:08] {Threei} FDA reportedly creating a panel for Tobacco oversight
[12:08] {Threei} - Reminder: in June US Congress granted the FDA approval to regulate the tobacco industry
[12:09] {Threei} 75% Worried That Gitmo Closing Will Set Dangerous Terrorists Free
[12:09] {Threei} other 25% think they are rehabilitated?
[12:10] {nemo} so conservatives think they're dangerous and liberals think they're rehabilitated
[12:11] {Threei} HGSI is determined to get to that 20
[12:11] {Threei} and probably higher
[12:11] {dino} neu taunting me
[12:12] {Threei} that's magoo in dusguise, dino
[12:12] {dino} lol, no he just pisses me off
[12:12] {Threei} rofl
[12:13] {Threei} let's see wqhere HGSI bottoms out
[12:13] {dino} missed svr short at 19.48, only hit .41
[12:13] {Threei} to staructure breakkout setup
[12:14] {Threei} Long Setup: HGSI .50 break
[12:14] {nemo} popped at the same time aig did
[12:14] {magoo} in .16
[12:14] {Threei} I guessed as much mags
[12:14] {magoo} i take more .50 break
[12:14] {Threei} AIG
[12:15] {Threei} this pullback is attractive
[12:15] {magoo} as attractive as dino?
[12:15] {dino} not possible
[12:16] {nemo} oy
[12:16] {dino} :)
[12:18] {fernp} .35 invalidate HGSI?
[12:18] {Threei} .30 - .35, yeah
[12:18] {Threei} gotta give it a little leeway for its natural volatility
[12:19] {magoo} id take HGSI on pllbkn
[12:19] {Threei} Long Setup: AIG .20 if sdtays above .10
[12:19] {magoo} its going over 20or my name isnt vasilee
[12:19] {Threei} I see what you mean dino... {G}
[12:20] {Threei} come on HGSI
[12:20] {Threei} break
[12:20] {Threei} you want it badly
[12:21] {nemo} shwoa
[12:21] {magoo} took more
[12:21] {magoo} .50
[12:21] {magoo} i got millions
[12:22] {magoo} of shares that ois
[12:22] {magoo} is truilliond
[12:22] {fernp} out TY Vad
[12:22] {Threei} :)
[12:26] {Threei} half out for me here
[12:26] {Threei} .76
[12:26] {magoo} .87 here looking for
[12:26] {Threei} offering balance at .95
[12:28] {magoo} out .81
[12:28] {magoo} changed mind
[12:28] {magoo} will reenter most proprieably
[12:28] {jmb} Thanks Vad
[12:29] {Threei} welcome
[12:30] {Threei} direct hit
[12:30] {Threei} out +.43
[12:30] {Threei} rare case where momo mover gave purely technical setup
[12:31] {Threei} look at 1 min, .50 break
[12:31] {Threei} picture perfect
[12:31] {magoo} nice one boss:)
[12:34] {magoo} vad./.we make goodf team pass over the vodka
[12:34] {Threei} sure thing
[12:35] {Threei} just make sure nemo is nowhere around, or we will have to fight him for each shotglass
[12:35] {nemo} yep
[12:35] {Threei} and watch dp waking up
[12:36] {magoo} MTXX
[12:36] {Threei} MTXX Strength attributed to speculation the Co. could receive a favorable determination on Zicam from the FDA
[12:36] {Threei} - reminder: in June the company conducted a voluntary recall of Zicam cold remedy nasal gel and gel... (5.64, +0.58, 11.46%) more...
[12:37] {dino} i remember that trade, painful
[12:37] {Threei} yeah, loss of smell
[12:39] {Threei} HGSI
[12:39] {Threei} back into support for bounce
[12:40] {Threei} MTXX has it
[12:40] {Threei} watch it to get a feel for these patterns
[12:41] {magoo} going vertical
[12:41] {Threei} how deep pillbacks are, how it acts after breaks
[12:41] {Threei} buold your idea of the way to play momos
[12:41] {Threei} as I said before, we will have more of these
[12:41] {Threei} so use these early birds to study
[12:42] {Threei} the idea here is, in most cases I won't be able to call exact entries on thewm
[12:42] {Threei} it's rare case when they form such perfect setups as HGSI just did
[12:43] {Threei} so, as soon as we identify a stock as momo play, you need to be able to observe it jst briefly in order to come up with the way to play it,
[12:43] {Threei} and it requires watching them for a while to get a feel for them.
[12:43] {Threei} Then we all will be like many little magoos
[12:44] {Threei} (dino is frightened by this perspective but what can we do...)
[12:45] {Threei} rofl... see the post by Laser admin?
[12:45] {Threei} one more in bad need of typing lessons...
[12:45] {dino} show me the exit
[12:45] {larisa} was wondering why they calling me dude :)
[12:45] {Threei} lol larisa..
[12:45] {Threei} hehe dino
[12:45] {Threei} 12:44:19 ADMIN37 --} (All): Dude to system problem...
[12:46] {larisa} did you play HGSI off .60 ?
[12:46] {dino} sometimes i feel unappreciated
[12:47] {Threei} no larisa, but not for trading reasons
[12:47] {Threei} dino... sometimes? you are lucky one
[12:49] {Threei} Las Vegas median home price fell to $130K in July
[12:49] {magoo} yea..its hard being magoo
[12:51] {dino} scanners going red
[12:51] {Threei} there is an auction result to be announced
[12:51] {Threei} at 13:00
[12:51] {Threei} one of those larisa...
[12:52] {Threei} that we never know how to interpret
[12:52] {dino} glv
[12:52] {nemo} so, watch tbt, tlt, fas, faz?
[12:54] {dino} or tv
[12:54] {nemo} don't quit your day job
[12:56] {dino} lol
[12:56] {nemo} tbt and fas falling interesting
06[12:58] * magoo slaps Threei around a bit with a large trout
[13:01] {Threei} - indirect bidders take % of competitive bids
[13:01] {nemo} it's 1:01 Vad, wheres the news
[13:01] {nemo} cool
[13:02] {Threei} indirect bidders take 49.4% of competitive bids
[13:02] {Threei} - notes draw 1.119% with %92.3 alotted at th
[13:02] {nemo} oh, big deal
06[13:02] * Threei slaps nemo around a bit with a large rock with Be Patient! sign carved on it
06[13:03] * magoo slaps Threei around a bit with a large trout
[13:03] {magoo} .
[13:03] {dino} cisg sm s .38
06[13:08] * nemo pulls the granite chunks out of his ear
[13:17] {magoo} im writing a book.."the games, the foolery..the lies..of the modern market"
[13:18] {Threei} I will be happy to read it - providing our typing teacher approves it first
[13:18] {magoo} a day in the life of a modern daytrader
[13:21] {Threei} Chapter 1: Coffee
[13:21] {Threei} Chapter 2: Vodka
[13:21] {Threei} Chapter 3: Coffee with Vodak
[13:22] {Threei} Chapter 4: Vodka with Coffee
[13:22] {nemo} Chapter 5: Bathroom Visit
[13:22] {nemo} Vad, you kick the plug
[13:22] {magoo} chapt 6: alarm clock wakes u up
[13:23] {Threei} Citigroup Inc US Judge dismissed class action lawsuit against company; allows amendment to complaint by plaintiffs
[13:23] {Threei} - Suit alleged Citigroup caused its stock to plunge by making risky investments in subprime mortgages which led to large writedowns.
[13:31] {dino} ahhh, it's jamisons' w/coffee
[13:33] {nemo} amazon closes gap
[13:35] {nemo} oil sees some profit taking
[13:35] {Threei} the more the merrier
[13:35] {Threei} may we see profit taking all the way down to 30?
[13:36] {nemo} depends on how much profit taking we see on the $
[13:39] {magoo} hg seems detemined
[13:41] {dino} cisg bstop to .31 stuck
[13:42] {dino} igk drop
[13:42] {dino} aef too
[13:48] {Threei} Opinion (and we know what they say about those):
[13:48] {Threei} As a percentage of GDP current national debt is at about the same level as it was during the Eisenhower administration. This is not good but the U.S. has managed much higher debt levels in the past (120% of GDP during WWII) and other countries have rebounded from much worse debt situations in recent history.
[13:56] {magoo} drilklung HGSI vad
[13:56] {nemo} WHAT???
[13:56] {Threei} I am sorry... HGSI does WHAT??
[13:56] {nemo} So it isn't just me
[13:56] {magoo} drilling ROFLOL
[13:56] {Threei} no, not this time anyway
[13:56] {nemo} or killing?
[13:57] {nemo} what, you Swedish or somethin'
[13:57] {Threei} GOOG YouTube to begin insertion of ads on popular user generated videos; to share revenue with uploaders - CNBC
[13:57] {dino} fwiw, japans' debt is much higher percentage. doesn't matter until it does, imo
[14:00] {nemo} yeah, I've been a victim of those youtubes
[14:03] {dino} did cisg get wide or what
[14:03] {dino} hmm not now
[14:03] {dino} was just .08-.21
[14:10] {Threei} didn't watch it at the moment, but it's so thin, can do it easily
[14:12] {dino} cov cisg .25, +.13
[14:13] {Threei} 79% Know Someone Out of Work and Looking for Employment
[14:13] {Threei} the rest 21 live deep in the forrest and never meet another human being
[14:15] {nemo} RIMM FCX DBs?
[14:16] {Threei} RIMM, .50 break is valid attempt
[14:16] {Threei} if holding .35
[14:17] {Threei} FCX .85
[14:17] {Threei} if holding .70
[14:17] {Threei} I am not overy enthusiastic about either
[14:17] {Threei} not because I don't like them...
[14:17] {nemo} no, everything so slow, charts look good
[14:17] {Threei} it;s just not very compelling
[14:19] {magoo} MTXX keeps going
[14:21] {Threei} RIMM 1:1
[14:22] {nemo} would have didn't give it the Vad seal of approval
[14:22] {Threei} shrug
[14:22] {Threei} you likey - you takie
[14:22] {Threei} I said, it was valid
[14:22] {nemo} not compelling
[14:22] {Threei} and my personal preference was to stay in coma
[14:23] {Threei} MTXX is likely to contunue
[14:23] {Threei} .55 breakl has some resemblense of a setup
[14:25] {dino} aef l .66
[14:25] {magoo} i took hgsi long .55
[14:25] {magoo} oops .60
[14:37] {dino} stopped -.16
[14:43] {Threei} if willing to start trying,
[14:43] {Threei} MTXX .40 break
[14:43] {Threei} with stop under .30
[14:44] {dino} intu l .20
[14:47] {dino} svr
[14:51] {Threei} over 1:1
[14:51] {jmb} Thanks Vad
[14:51] {Threei} welcome
[14:51] {Threei} 1:2
[14:59] {dino} zzzzzzzzzzzzzzzzzzzz
[15:06] {dino} hl l igk .75
[15:16] {wulff} have you noticed that alot of the moves are coming during the lunch hour
[15:16] {nemo} gotta' go...look at that beautiful rimm volume spike at 2:39
[15:17] {Threei} some of momo moves yes wulff
[15:22] {wulff} WFC short into close?
[15:24] {Threei} I wouldn't
[15:29] {Threei} kept last 300 shares of MTXX in case of last minutes run
[15:29] {Threei} out at .78
[15:30] {dptl} have a good evening all
[15:30] {Threei} take care dp
[15:30] {Threei} ALTH
[15:30] {Threei} ALTH CEO: Hoping for a Sept 24 Pralatrexate approval by the FDA in treatment of peripheral T-Cell lymphoma
[15:30] {Threei} - Sees current stock prices as non representative of company's value; currently looking for a m... (7.94, -0.04, -0.50%) more...
[15:31] {Threei} - Sees current stock prices as non representative of company's value; currently looking for a marketing partnership
[15:31] {wulff} 1:1 on ficticious WFC
[15:32] {larisa} vad needs to work on exits, high on HGSI 19.98 and exit was at .95, now MTXX .78 when high is .79 :) so not perfect
[15:33] {Threei} I pride myself in having beauty fly
[15:33] {Threei} little flaw that just underlines the perfection
[15:34] {dino} sometimes we expect too much
[15:34] {Threei} MTXX should have another run in it...
[15:35] {Threei} The Goldman Sachs Group Inc Ticking lower after reports of Mass AG subpoena over dissemination of 'trading tips'
[15:35] {Threei} - Earlier in the week press reports indicated regulatory bodies were looking into how GS disseminated information in 'trading huddles' to select clients
[15:45] {Threei} MTXX becomes ahrd to resist, lol
[15:45] {Threei} very good day, don't want to spoil it
[15:45] {Threei} but such pullback...
[15:46] {dino} out intu .30, +.10
[15:46] {Threei} wow, .79 is really the top
[15:50] {fernp} good evening all. see u tomorrow
[15:50] {Threei} take care fern
[15:52] {dino} cya fernp
[15:53] {Threei} Okay guys, thank you all
[15:54] {Threei} making myself to leave before I put a flaw in this day :)
[15:54] {Threei} have a great evening, see you tomorrow
[15:54] {dino} cya 3i
[15:54] {larisa} bye:)
[15:59] {dino} out igk .70 -.05

Labels: , , ,

Monday, August 24, 2009

Aug 24 2009

Not bad start for the week with a few scalps, and couple small stops. BCRX momentum play didn't hurt either.

Session Time: Mon Aug 24 00:00:00 2009

[08:31] {Threei} CPST Receives Order for Three C800 Microturbines for Brazilian Wastewater Treatment Plant
[08:31] {Threei} - The total order value is in excess of two million dollars and is the first sale of Capstone C800 m... (1.02, 0.00, 0.00%) more...
[08:31] {nemo} a whole 3
[08:46] {Threei} what
[08:47] {Threei} s with RTK
[08:47] {Threei} I don't see any news
[09:01] {KSystems} Hello :)=
[09:01] {Threei} KS :)
[09:01] {nemo} Gruess dich
[09:02] {cosmo} MELA: Electro-Optical shares could rise 50 pct - Barron'sat Reuters(Sun 1:14pm)
[09:03] {cosmo} If approved by the FDA, the handheld MelaFind device made by Electro-Optical Sciences will revolutionize the way patients are screened for skin cancer.
[09:04] {fernp} good morning everybody
[09:04] {cosmo} pre mkt high = 10 so far
[09:04] {Threei} cosmo, fern :)
[09:04] {cosmo} :)
[09:05] {Threei} so, sock jumps on suggestion about what could happen if FDA approves
[09:05] {Threei} stock too
[09:06] {cosmo} fickel....huh?
[09:06] {nemo} fickle even
[09:07] {Threei} I just wonder where it would be trading now if article suggested where it would be headed if FDA says no,
[09:07] {Threei} and if article gave both scenarios
[09:10] {dptl} good morning
[09:10] {Threei} dp :)
[09:13] {magoo} mornink comrades {an oldie lol}
[09:13] {nemo} da
[09:13] {Threei} magoo :)
[09:13] {Threei} AIG has 35 in sight again
[09:14] {magoo} AIG vad
[09:14] {Threei} RTK traded at 2.40 earlier
[09:14] {magoo} if gets thru and momo..38 possible
[09:14] {Threei} 2.55 area is break level
[09:14] {magoo} any news on AIG?
[09:15] {Threei} Yesterday 22:03 AIG Taiwan's ChinaTrust may partner with funds in Japan to bid for Nan Shan Life Insurance unit - Commercial Times
[09:15] {Threei} - Further details not disclosed
[09:16] {magoo} vad, lets follow it..dont want to miss another rip up
[09:16] {Threei} Sunday, August 23, 2009 8:55:51 PM
[09:16] {Threei} FT looks at how government investments in financial companies have performed
[09:16] {Threei} - The UK government is carrying the biggest losses among governments on their bailouts.
[09:16] {Threei} - US government has paper profits of about $11B from its stake in Citigroup.
[09:16] {Threei} - Also, the Swiss government has profited from its stake in UBS.
[09:16] {Threei} - Governments that have acquired equity stakes in listed banks in the past 12 months are carrying combined losses of $10.8B
[09:16] {Threei} - The UK government is carrying a loss of 3.3B.
[09:16] {Threei} what to follow... 35 break is obvious long trigger,
[09:17] {Threei} problem is risk is way higher than anyh normal call carries
[09:17] {Threei} ACOR FDA has reportedly scheduled a review for multiple sclerosis drug on OCt 14 (23.61, 0.00, 0.00%)
[09:18] {magoo} lets make it clear now its a risky as hex call..
[09:18] {nemo}'s a "Magoo"
[09:19] {nemo} Hi Lari
[09:20] {larisa} gm :)
[09:20] {Threei} larisa :)
[09:21] {larisa} :)
[09:27] {magoo} LVS vad
[09:28] {nemo} aig broke 35
[09:28] {Threei} no news
[09:28] {cosmo} mela
[09:28] {dino} gm all
[09:28] {Threei} dino :)
[09:28] {cosmo} may want 10
[09:28] {cosmo} ...may not...
[09:28] {nemo} may too
[09:30] {cosmo} testing
[09:30] {nemo} you there cosmo
[09:30] {cosmo} in a sence...
[09:30] {nemo} seance?
[09:31] {cosmo} soon maybe
[09:31] {cosmo} :)
[09:31] {nemo} get some lottery numbers
[09:31] {cosmo} 10
[09:31] {Threei} Long Setup: RTK .40 break
[09:31] {Threei} if stays above .30
[09:31] {Threei} AIG sharp dive
[09:32] {Threei} this bar shows just how risky it is
[09:32] {Threei} Long Setup: FITB .13
[09:33] {Threei} if stays above .05
[09:37] {Threei} Long Setup: WFC .40 break
[09:37] {Threei} if stays above .30
[09:44] {nemo} db on FITB?
[09:45] {Threei} Long Setup: AIG .55 break half lot
[09:45] {Threei} if stays above .40
[09:46] {Threei} 1:1 in half second
[09:49] {Threei} OK WFC
[09:49] {Threei} it's time
[09:52] {cosmo} brcd
[09:52] {cosmo} .95 hod
[09:54] {dino} sm l pwrd .50, stop .19
[09:55] {fernp} ty WFC
[09:55] {Threei} 1:1, half out
[09:56] {Threei} stop to under .40
[09:58] {Threei} scalpers win
[10:00] {bluejet} vad, i download mirc. how do i join your room from mirc?
[10:00] {Threei} please ask KSystems for help
[10:00] {dino} tleo
[10:00] {nemo} gotta know the secret handshake
[10:01] {Threei} there is instructions on the website
[10:01] {Threei} try that first
[10:01] {Threei} if no go, KSystem is your guy
[10:01] {Threei} unless he doesn't like you personally for some reason...
[10:02] {bluejet} let me try
[10:02] {Threei} found the instruction?
[10:03] {Threei} Long Setup: BC .70 if stays above .55
[10:04] {nemo} this thing has been on a monster run
[10:07] {cosmo} brcd tests
[10:07] {Threei} AIG is holding up there so stubbornly
[10:08] {dino} sm risky, s tleo .40
[10:09] {dino} bstyop is .73
[10:12] {dino} tleo stopped, animal
[10:13] {dino} dumb stop area should have been .76
[10:22] {dino} ntap l .70, stop .59
[10:28] {magoo} FNM FRE moving
[10:29] {Threei} I don't see any news
[10:29] {fernp} FITB stop is still under .05?
[10:29] {nemo} they've been moving big the last couple of weeks
[10:29] {Threei} discretionary... hard to tell
[10:30] {Threei} this is explosive move right now
[10:30] {Threei} it's caused by something
[10:30] {Threei} not just general market
[10:33] {wulff} I hold HGSI for two weeks, sell it this morning and ....
[10:33] {dino} neu
[10:34] {nemo} well, there was that Craig Ventner news over the last few days wulff
[10:39] {Threei} HGSI Hearing takeover chatter circulating
[10:39] {Threei} - Glaxo rumored as potential acquirer with price chatter around $30 (16.75, +0.30, 1.82%) (related GSK )
[10:42] {nemo} aig, huge block at .40
[10:45] {nemo} broke the block
[10:48] {dino} ntap out flat
[10:55] {dino} sm s tleo .65
[11:02] {magoo} C vad approaches 5]
[11:02] {magoo} 5
[11:02] {Threei} on't tell me you want to play C
[11:03] {Threei} this is kind of stocks for calling which you always yelled at me
[11:03] {Threei} even FRE/FNM have bigger range today
[11:09] {fernp} BAC pullback, Vad?
[11:10] {Threei} closer to 18 I'd feel safer
[11:10] {fernp} ty
[11:17] {magoo} HGSI vad
[11:17] {magoo} trying
[11:26] {dino} cov tleo .35, +.30
[11:32] {nemo} whoever is in a coma say "I"
[11:36] {dino} sm s cisg .25
[11:50] {Threei} AIG starts forming that quiet base
[11:50] {Threei} immune to downard pressure in the market
[11:55] {dino} sm s ntls .00
[11:56] {magoo} aig vad...i think it tests the higfh today
[11:56] {magoo} just not sure when
[11:57] {dino} pwrd stopped -.32
[11:58] {Threei} my feeling too
[11:59] {Threei} BAC is almost ready
[11:59] {Threei} my best guess fern:
[11:59] {Threei} loss of .90, quick dive, then bounce
[12:00] {fernp} let's try
[12:00] {Threei} in .89
[12:00] {Threei} ridiculously tight stop
[12:00] {fernp} .90 here
[12:01] {Threei} just a scalp
[12:02] {fernp} under .85 stop?
[12:02] {Threei} yup
[12:06] {fernp} out here. TY
[12:06] {Threei} :)
[12:09] {Threei} out .96
[12:09] {Threei} commissions wise, scheme worked like charm
[12:09] {Threei} GETCO in, no ECN charge,
[12:09] {nemo} getco
[12:09] {Threei} ISLD out at the offer, ECN rebate
[12:09] {fernp} very good job. ty again
[12:09] {Threei} cutting into commissions itse;f
[12:18] {Threei} if you feel like trying a few, AIG break .60 is first signal
[12:18] {Threei} if holding .50 of course
[12:22] {nemo} so, with getco we've gone to the darkside of evil flashtrading?
[12:24] {nemo} tough crowd
[12:24] {Threei} terminology from some other universe
[12:25] {nemo} yeah, the masses
[12:25] {Threei} let's call it Universe of Conspiracy
[12:25] {Threei} vs Universe of Reality
[12:25] {nemo} pabulum of the paranoid
[12:26] {Threei} the only place where we intersect if chronoclastic infundibula
[12:26] {Threei} if = is
[12:26] {nemo} you o.k.? that's an awful lot of syllables for you
[12:27] {Threei} August takes its toll
[12:42] {dino} bstop cisg to .88
[12:42] {dino} stopped +.37
[12:47] {dino} pwrd sm l .01
[12:47] {Threei} AIG hit 1:1 btw
[12:48] {dino} gj impaler
[13:05] {Threei} BAC next bounce is coming soon
[13:09] {dino} pwrd stopped -.-05
[13:11] {Threei} in .55
[13:11] {Threei} stp under .50
[13:14] {Threei} STI CEO: Hopes to repay TARP as soon as possible; commercial real estate may deteriorate further, banks are "a long way from victory" (22.77, +0.13, 0.57%) (related XLF )
[13:15] {Threei} judging from stock move, Hopes" doesn't buy much, lol
[13:15] {Threei} stopped BAC
[13:16] {Threei} - Sees credit losses continuing, does not expect banks to improve in the near future
[13:19] {Threei} shakeout
[13:24] {bluejet} vad, now I can connect using mirc. how do i get a sound alert?
[13:25] {Threei} nemo... can you help?
[13:28] {dino} wow did i cover too soon cisg
[13:29] {nemo} oh yeah
[13:29] {nemo} general sound alerts are under tools=}sounds
[13:30] {nemo} if you want to create a sound alert for Vad's blather,
[13:30] {nemo} right click on his nick
[13:31] {nemo} pick "Ucentral"
[13:31] {nemo} last tab on the right should have "highlight"
[13:31] {nemo} that will allow you to create custom sound notices
[13:33] {nemo} how's that bluejet?
[13:34] {dino} intu l .25
[13:39] {dino} pwrd rinsed
[13:39] {nemo} vad, whaddya' make of the dripping volume on the bac move up
[13:40] {nemo} oh...looks like .65 level brought in volume
[13:40] {nemo} dripping=dropping
[13:40] {Threei} they all move with market at the moment
[13:40] {Threei} not on their own setups
[13:43] {dino} they all float down here
[13:43] {nemo} aig not really following
[13:43] {nemo} lagging anyway
[13:47] {Threei} BCRX...
[13:47] {Threei} (US) White House: Current H1N1 flu strain poses a serious threat to the US
[13:47] {Threei} - Follow up 1:00pm : White House science advisors are advising US to accelerate stockpiling of H1N1 vaccine. Advisors ask the FDA to speed up decision on intravenous flu drug formulas.
[13:47] {Threei} that was at 12:25
[13:48] {Threei} darn thing didn't move till 13:18
[13:52] {dino} out intu .35, +.10
[13:52] {bluejet} Nemo, thanks. I didn't see "highlight" when I right click on someone's nick name?
[13:53] {nemo} click on "ucentral" which will bring up a box with a "highlight" tab
[13:53] {bluejet} where can I find this ucentral thing?
[13:53] {nemo} well, right click on my username
[13:54] {nemo} third line down should say "Ucentral"
[13:54] {dino} more right
[13:54] {bluejet} I only see "Query"
[13:54] {nemo} huh? he might have a different version
[13:54] {nemo} nothing right below query?
[13:55] {bluejet} Ok. I think "highlight" is under "info" tab. Thank you very much, Nemo
[13:55] {nemo} maybe in your version
[13:57] {nemo} gotta' go....c u 2morrow...oh here's a throwback...."same bat time, same bat channel...
[13:57] {nemo} that is since, vad is the "impaler"
[13:58] {dino} cya nemo
[13:58] {dino} lol
[14:01] {Threei} 82% Oppose Decision To Release Lockerbie Terrorist
[14:01] {Threei} the rest 18% are terrorists?
[14:03] {dino} bingo! how could they release that mass murderer, disgusting
[14:06] {Threei} amontg those who applied for parole 6 were refused
[14:06] {Threei} I want to know what those did
[14:06] {Threei} murdered 1 million each?
[14:06] {dino} indeed
[14:07] {dino} humanitarian reasons my azz, this guy doesn't deserve to be a human
[14:18] {dino} neu spike, wide
[14:25] {dino} v sm s .20
[14:25] {Threei} Long Setup: BCRX .50 break if stays above .35
[14:34] {magoo} in..motrew than scalp?
[14:34] {Threei} motrew?
[14:34] {Threei} well
[14:34] {Threei} Ithink so
[14:34] {Threei} going to partial
[14:34] {Threei} 1:1
[14:34] {Threei} half out
[14:38] {Threei} scalpers win again
[14:41] {dino} ntls wore me out, out flat
[14:44] {dino} eslt
[14:44] {Threei} IMF's Lipsky: There are clear signs of renewed global growth, progress is being made in overcoming the crisis
[14:44] {dino} thin
[14:44] {Threei} that's a relief
[14:45] {Threei} if after all the trilions trown at it they wouldn't have made any progress, well...
[14:50] {dino} neu cover flat, bad entry
[14:57] {Threei}
[14:57] {dino} mxm bit wide
[15:00] {dino} f'ng ntls, wait all day, nothing moves, cov, then drops .12
[15:09] {dino} neu same, ugh!
[15:10] {dino} too timid on my shorts today, all would have worked very well
[15:11] {Threei} yeah
[15:11] {Threei} well, we had uptrend only for sao long
[15:11] {Threei} tough to retune on the go in one day
[15:19] {dino} darn partials, l aef .07
[15:22] {fernp} nice photos, Vad
[15:22] {Threei} ty
[15:22] {fernp} thinking make a trip to your city one day of these
[15:23] {Threei} you'll love it
[15:25] {magoo} BCRX
[15:26] {Threei} no freash news
[15:26] {Threei} seems there is a lot of tension under it
[15:26] {Threei} becomesd a momo runner
[15:28] {magoo} any play?
[15:29] {Threei} like any typical momo, feeling based
[15:29] {magoo} any feel?lol
[15:38] {dino} feeling tired
[15:46] {Threei} something makes me think magoo made about 15 BCRX trades by now
[15:47] {magoo} :)
[15:47] {Threei} more??
[15:47] {magoo} in
[15:50] {Threei} US Attorney General Holder formally orders a review of alleged abuses of terror suspects
[15:50] {Threei} - appoints prosecutor Durham to lead the review.
[15:50] {Threei} - reminder: President Obama has expressed the opinion that the review should not take place, but Holder given indications over the last several months that he has been moving toward launching the probe despite the President's stance.
[15:51] {Threei} I can't believe the degree of polarixation the country
[15:52] {Threei} good job on BRCX mags
[15:53] {Threei} NVAX lags
[15:57] {Threei} catching up now
[15:57] {Threei} well... far from it but trying
[15:57] {dptl} have a good evening all
[15:57] {Threei} take care dp
[15:58] {Threei} mags, 2 min left
[15:58] {Threei} don't get too involved :)
[16:00] {Threei} okay guys
[16:00] {Threei} hank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {fernp} good day here. ty all. good evening
[16:00] {larisa} hank you too of course :) :)
[16:00] {Threei} lol
[16:00] {fernp} lol
[16:01] {Threei} wow
[16:01] {Threei} NAVR Files $20 Million Shelf Registration Statement
[16:01] {Threei} NAVR is still around??
[16:01] {Threei} momo stock of 1998
[16:02] {dino} gn all, thx

Labels: , , ,

Friday, August 21, 2009

Aug 21 2009

Just waiting for the summer to end.

Session Time: Fri Aug 21 00:00:00 2009

[08:49] {nemo} well the rally continues
[08:53] {Threei} why wouldn't it
[08:54] {nemo} I wasn't looking for a reason
[08:54] {Threei} broad call for reversal was too, ummm, broad
[08:54] {nemo} yeah
[08:54] {nemo} By the way...a preemptive "You're home already, Vad"
[08:56] {Threei} sigh
[08:58] {cosmo} BRCD
[08:58] {nemo} aig
[09:00] {cosmo} * Fiscal Q3 revenue $493.3 mln, lower than estimate and Q2
[09:00] {cosmo} * EPS excluding items $0.12 vs Street view $0.11
[09:00] {cosmo} * Shares fall 5.6 pct after-hours
[09:00] {cosmo} * CEO says predicting recovery "like grabbing water"
[09:01] {cosmo} what goes down, must float up
[09:01] {cosmo} sorta
[09:04] {Threei} hmmm
[09:04] {Threei} dunno cosmo
[09:04] {Threei} I just tested your theory
[09:04] {magoo} morn
[09:04] {cosmo} what gets pushed down, must float back up?
06[09:04] * nemo slaps magoo around a bit with a large trout
[09:05] {Threei} aside of hitting my toe, iron didn't do any good after falling down,
[09:05] {Threei} certainly no slightest attempt to float up
[09:05] {Threei} magoo :)
[09:05] {magoo} so vad..what was verdic on getco rte?
[09:05] {cosmo} use an empty, sealed vessel....
[09:06] {Threei} great if there are shares at the price you want,
[09:06] {Threei} instant fill or kill, speed is next to lightening,
[09:06] {Threei} saves a bunch on pass-through,
[09:07] {nemo} no secondary routing though
[09:07] {Threei} since you'd have to try another route if there are no shares on GETCO, and at the time being there is no routing out on it,
[09:07] {Threei} best way to use it is:
[09:07] {Threei} set hot key for it and for the second route,
[09:08] {Threei} so you can hot both of them in a quick succession if GETCO doesn't get you shares,
[09:08] {Threei} probably forget it if there is a very fast stock you want
[09:09] {Threei} not because it's slow but because you'll lose some time on an attempt
[09:10] {Threei} We will be able to use it to its full advantage when Bear delivers smart route that goes to GETCO first,
[09:10] {Threei} then switches to other routes
[09:12] {magoo} ok
[09:12] {Threei} in case you want to try, I set keys:
[09:12] {Threei} Shift+G to buy on GETCO,
[09:13] {Threei} Shift + B market buy smart route,
[09:13] {Threei} Ctrl+G to sell on GETCO,
[09:13] {Threei} Ctrl+S market sell smart
[09:14] {magoo} what u watching?
[09:14] {magoo} rtk may be a play
[09:14] {Threei} can add anything you want to bid, offer, use other routes etc, as long as you can remember them, but the general idea is:
[09:14] {magoo} CRM too
[09:14] {Threei} all buys start with shift, all sells start with Ctrl
[09:17] {Threei} Fed's Bullard: Antendees of the Jackson Hole symposium are "cautiously optimistic" - TV interiew
[09:17] {Threei} - States that the economy is on track to see positive growth in 3rd and 4th quarters
[09:17] {Threei} - Households continue to be very cautious on spending
[09:18] {Threei} I don't see news RTK
[09:19] {dino} gm all
[09:19] {Threei} dino :)
[09:26] {fernp} good morning everybody
[09:26] {Threei} fern :)
[09:27] {Threei} BAC new high on daily
[09:30] {nemo} aig
[09:30] {Threei} 35 yesterday's high
[09:31] {nemo} 34.99 today
[09:31] {nemo} you take that break of .30 mags?
[09:31] {magoo} no
[09:32] {Threei} Long Setup: BAC .40 break
[09:32] {Threei} if holding above .35
[09:33] {magoo} afterhrs AIG got low as 31.40
[09:36] {bluejet} Vad, is BAC long setup still valid?
[09:36] {Threei} no, but may reestablish itself if consolidates in this range
[09:38] {magoo} AIG hammer
[09:38] {nemo} aig support a .25...maybe
[09:38] {magoo} vad bouncer?
[09:38] {Threei} shrug
[09:39] {Threei} BAC is reestablished, but needs market help
[09:41] {nemo} aig, can you say "volatility"
[09:41] {dino} showing gaps 9438,1628,1018
[09:43] {Threei} Preview: Fed Chairman Bernanke scheduled to speak at the Kansas City Fed's annual symposium at Jackson Hole at 10amET
[09:43] {Threei} **the speech topic is "Reflections on a Year of Crisis." A prepared text is expected but there will be no Q&A.
[09:48] {dino} sm s scsc .80, bstop .11
[09:49] {Threei} AIG... impossible to call, but feels like explosion is coming
[09:49] {_phreeboy} s & p at top of consolidation range between 7/31-8/14, do you take that into account?
[09:49] {nemo} ex, or im
[09:50] {Threei} I can't take that into account until it does something: breaks that level or gets rejected
[09:51] {Threei} simply being there is not much indicative by itself
[09:51] {Threei} it's what it does aroiund the resistance that matters
[09:53] {fernp} HIG pullback, Vad?
[09:54] {Threei} market is still selling
[09:54] {fernp} ty
[09:54] {nemo} bac holding .33 support
[09:56] {nemo} when's the jet setter, ese, get back?
[09:57] {wulff} LVS in .10
[09:57] {Threei} HIG should dive closer to .50 now,
[09:57] {nemo} frickin bac
[09:58] {Threei} see if market puts double bottom is, and try to get HIG as close to .50 as possible
[09:59] {Threei} got away
[10:00] {Threei} *JULY EXISTING HOME SALES: 5.24M V 5.00ME (+7.2% M/M)
[10:00] {Threei} - Prior revised from 4.89M to M
[10:00] {Threei} - Median existing home price $ v $K in June, % m/m, -% y/y.more... (related XHB SPY SHY )
[10:00] {nemo} oh boy
[10:02] {nemo} volumes across the board 2X
[10:03] {bluejet} vad, did you take bac?
[10:03] {Threei} no
[10:04] {bluejet} thx
[10:08] {Threei} need some pullbacks to start outlining setups...
[10:09] {magoo} yea
[10:09] {Threei} this sudden spike out of slow selling is not something playable
[10:09] {nemo} housing report
[10:10] {magoo} c rocket vad
[10:10] {Threei} they all are
[10:11] {Threei} which one are you willing to chase?
[10:12] {Threei} .76 if market greens again
[10:12] {Threei} with stop under .70
[10:12] {dino} zumz
[10:12] {magoo} rimm pullbk boss
[10:13] {Threei} need RIMMunder .60 to get interested
[10:13] {magoo} ok..i been off on it basd
[10:14] {Threei} .80 break is possible on it with stop under .60, but more of a crapshoot
[10:15] {Threei} WFC
[10:15] {Threei} Long Setup: WFC .90 break
[10:15] {Threei} if holding above .85 for hardcore sxcalpers
[10:15] {Threei} above .80 for the rest
[10:16] {fernp} in
[10:16] {magoo} in
[10:17] {Threei} C 1:1
[10:17] {nemo} this is going to be a 200 point day
[10:17] {fernp} ty half out
[10:17] {nemo} the euphoria is nuts
[10:17] {Threei} GETCO worked like charm for C entry
[10:17] {Threei} WFC 1:1 for scalpers
[10:18] {bluejet} I pared BAC but missed WFC. Is it possible to play a sound when there is an alert?
[10:19] {Threei} yes
[10:19] {bluejet} how do I set it up?
[10:19] {Threei} who did that recently guys, could you help out?
[10:20] {Threei} oh wait, you are using mibbit
[10:20] {bluejet} yes
[10:20] {Threei} I sdon't think it's doable on it, gotta use mirc
[10:20] {bluejet} OK. I will take a look. Do I still use the same login on mirc?
[10:21] {nemo} mirc is stand alone software you have to set up
[10:21] {Threei} sure, login info is server-based... server doesn't care how you connect
[10:21] {Threei} it sees you, it kicks you out
[10:22] {Threei} well... unless you know magic words, lol
[10:22] {bluejet} I know the magic words. thanks
[10:23] {Threei} me too... kreks peks pheks, isn't it
[10:23] {Threei} ok, never mind... russian fairy tale :)
[10:23] {_phreeboy} thank you wfc :)
[10:24] {Threei} welcome
[10:24] {Threei} not much but heck... when things just spike like this and refuse to pullback, there are no setups
[10:24] {dino} bjk
[10:24] {Threei} WFC just gave an unusually big delay after another market spike
[10:24] {dino} too thin
[10:25] {Threei} lol
[10:25] {Threei} if saomething is too thin for dino, you know it IS thin
[10:25] {nemo} Anall nathrach, oorfas bethud, dorhiel dienvay
[10:25] {dino} lol, look at it 23.83/24.30; 14k
[10:25] {Threei} we speak arameic here now?
[10:25] {nemo} magic words
[10:25] {nemo} Charm of Making
[10:27] {Threei} did C really hit 1:2 over .85? didn't watch it at the time
[10:27] {magoo} yes
[10:27] {magoo} valid
[10:27] {fernp} yes Vad
[10:27] {Threei} cool... C 1:2 then!
[10:28] {Threei} a bit late but heck...
[10:28] {Threei} consider it an indication of me getting slow in my old age
[10:30] {fernp} HIG pulling back
[10:30] {Threei} market pulled back on decreasing volume
[10:30] {Threei} BAC nice drop
[10:32] {Threei} Long Setup: BAC .45 break if holding .40
[10:34] {fernp} in
[10:36] {wulff} where did you enter C?
[10:36] {nemo} .76
[10:36] {Threei} [10:12] {Threei} .76 if market greens again
[10:36] {Threei} [10:12] {Threei} with stop under .70
[10:41] {wulff} options expire day
[10:43] {wulff} expected more out of HURN...
[10:46] {dino} scsc tighten bstop to .30
[10:47] {dino} cov +.50
[10:52] {dino} rbcn
[10:54] {Threei} no go BAC'
[10:54] {fernp} stopped
[11:00] {wulff} end of day predictions?
[11:00] {Threei} wow... 5 hours in advance?? :)
06[11:01] * magoo slaps laserdave around a bit with a large trout
[11:01] {Threei} magoo
[11:01] {Threei} oh, never mind
[11:01] {Threei} you got it :)
[11:03] {laserdave} thanks gooby
[11:04] {magoo} no prob:)
[11:05] {magoo} quote server vad?
[11:06] {Threei} 7
[11:07] {Threei} shakeout BAC...
[11:07] {Threei} rude and generally unpleasant
[11:11] {magoo} short WFC here
[11:11] {magoo} target .fitty area
[11:11] {nemo} whatch .76 area Mags
[11:11] {magoo} in
[11:11] {magoo} .87
[11:18] {magoo} .96 stop
[11:19] {dino} sm s gbx .60
[11:27] {magoo} not liking wfc here
[11:27] {Threei} {WFC} ???.... you... you....
[11:34] {magoo} out...futes may bounce
[11:35] {nemo} you were right at the VWAP on WFC
[11:36] {magoo} dunno..its consolidating
[11:36] {magoo} could break either way
[11:37] {magoo} but bacon moves up
[11:37] {nemo} yeah the 200 period ma is rising but flattening
[11:37] {magoo} so shoulkd follow bacon
[11:37] {magoo} prob a good long here
[11:42] {nemo} How's the coma vad?
[11:42] {Threei} as always
[11:42] {Threei} pleasant
[11:53] {Threei} it's getting personal between me and BAC
[12:02] {magoo} short wfc ,92
[12:02] {magoo} lets try iot again
[12:02] {magoo} .00 stop
[12:16] {magoo} sigh out
[12:16] {Threei} market is absdolutely flatlined
[12:44] {dino} .
[12:44] {nemo} ?
[12:46] {dino} power surge
[12:49] {fernp} have to go. see you all on monday. have a nice weekend all
[12:49] {dino} magoo booted, can't get back
[12:49] {Threei} have a good one fern
[12:49] {Threei} it's almost over
[12:49] {Threei} just a tad more till Labor day
[12:49] {magoo} back
[12:50] {Threei} he can dino... as soon as he rememners his username
[12:50] {dino} lol
[12:50] {Threei} which you would think he should, after all these years
[12:50] {Threei} but no... lookie here:
[12:50] {Threei} 12:46] * magoo_ has joined #discussions
[12:50] {Threei} -----------
[12:50] {Threei} [12:46] * magoo_ was kicked by ChanServ
[12:51] {nemo} volume is creeping up ever so slightly on spy
[12:51] {dino} roflol
[13:10] {dino} kno, thin
[13:13] {dino} scsc l .00, stop .79
[13:24] {magoo} .
[13:41] {dino} i froze that stock, stop to .95
[13:43] {nemo} if the market weren't due for a bounce I'd say RIMM is dangerously close to a short on the 5 minute
[13:44] {nemo} Now I'm outhinking myself...reminds me of the guy in "Princess Bride" deducing whether his drink was poisoned
[13:44] {nemo} ....he died, by the way
[13:45] {dino} scanners red
[13:46] {dino} lol nemo, i remember that
[13:47] {nemo} "I've seen much worse cases than this"
[13:47] {dino} scsc stopeed
[13:47] {nemo} "Have fun storming the castle
[13:47] {nemo} "My name is Ynego Montoya, you killed my father...prepare to die"
[13:51] {nemo}'s rough being the only "coupla' sandwiches short of a picnic" type when ese isn't around
[13:54] {dino} igk l .31
06[14:03] * nemo slaps dino around a bit with a large trout
[14:09] {nemo} oh yahoo...
[14:31] {Threei} yawn
[14:32] {Threei} oh boy... my very very first camera:
[14:32] {Threei}
[14:38] {nemo} bored, huh?
[14:39] {dino} lol orrf
[14:40] {nemo} Carl Orff? Karmina Burana?
[14:40] {dino} nice spread +2
[14:40] {nemo} your kinda' trade
[14:41] {dino} 100 shares maybe
[14:52] {magoo} vad, we in anything?
[14:52] {nemo} you want me to vad?
[14:52] {Threei} as usual
[14:52] {nemo} coma
[14:52] {Threei} right
[15:20] {Threei} AIG
[15:20] {Threei} bounce candidate
[15:20] {Threei} .10 break
[15:20] {Threei} if holding 33
[15:21] {nemo} in
[15:21] {nemo} out
[15:30] {nemo} rude of aig again
[15:33] {nemo} really rude of aig
[15:33] {Threei} pullback under .10, let's try reentry
[15:34] {wulff} +.11 Rimm
[15:35] {Threei} :)
[15:36] {Threei} first strength from here AIG
[15:40] {Threei} grr
[15:40] {Threei} missed
[15:40] {nemo} were you sitting at .85
[15:40] {Threei} no, but was trying to catch the reversal
[15:41] {Threei} it came with no warning
[15:41] {nemo} yeah no real volume indication
[15:44] {Threei} House Majority Leader Hoyer says public option may have to be dropped in order to pass healthcare reform bill -
[15:44] {Threei} - Hoyer still favors the public option, and Speaker Pelosi reiterated yesterday that the bill would not pass without a public option. But today Hoyer says first and foremost the bill must pass: "We believe the public option is a necessary, useful and very important aspect of this, but well have to see because there are many other important aspects of the bill as well."
[15:50] {Threei} 33 break, going to give it last try
[15:55] {Threei} US Administration official forecasting 10 year deficit in line with CBNO projection at $9T
[15:55] {nemo} who the .... is going to finance that!?
[15:56] {Threei} out
[15:56] {Threei} RIMM was the bouncer of choice
[15:56] {Threei} not AIG
[15:56] {nemo} Calling it a day...peace & qiet
[15:56] {Threei} a week too
[15:56] {nemo} yep
[15:56] {Threei} today is friday, right?
[15:56] {Threei} - Administration had previously forecasted $7.1T budget deficit
[15:56] {nemo} Well, in Australia it's Saturday
[15:57] {Threei} ah... reality is setting in
[15:57] {Threei} just 2T miss
[15:57] {Threei} no biggie
[15:57] {Threei} okay guys... Labor day closer and closer
[15:57] {nemo} that's been 6x the average deficit
[15:57] {Threei} have as good weekend
[15:57] {nemo} c ya
[15:58] {Threei} see you all on Monday
[15:59] {dino} later all, have a good weekend
[15:59] {larisa} bye all :)
[15:59] {magoo} yup..ty

Labels: , , ,

Thursday, August 20, 2009

Aug 20 2009

Not much happened aside of AIG momentum-fuelled run. August is slowly winding down...

Session Start: Thu Aug 20 01:23:07 2009

[08:50] {Threei} INITIAL JOBLESS CLAIMS: 576K V 550KE; CONTINUING CLAIMS: 6.241M V 6.215ME
[08:50] {Threei} - Prior jobless claims revised from 558K to 561K
[08:50] {Threei} - Prior Continuing Claims revised from 6.202M to 6.239M
[08:51] {nemo} that should dampen things a bit
[08:52] {Threei} caused whole 10 points NQ drop
[08:52] {nemo} august somnolence
[09:06] {fernp} good morning everybody
[09:06] {nemo} another optimist
[09:07] {fernp} sorry
[09:07] {nemo} just don't do it again
[09:07] {Threei} fern :)
[09:08] {magoo} morning
[09:08] {nemo} Magus :)
[09:08] {Threei} magoo :)
[09:09] {cosmo} PTEM might heal
[09:09] {dino} gm all
[09:09] {cosmo} watch 20 action
[09:09] {dino} shld blood
[09:09] {nemo} bad earnings
[09:09] {nemo} employment ba too
[09:09] {nemo} damn sheep
[09:09] {Threei} dino :)
[09:10] {cosmo} ba ba nemo
[09:12] {magoo} what u watching vad?
[09:12] {nemo} coma
[09:12] {nemo} oops...sorry...that comes later
[09:14] {Threei} AXL
[09:14] {Threei} BAC
[09:14] {cosmo} PETM 20 test coming
[09:14] {Threei} don't have anything constructive yet
[09:20] {magoo} hurn too vad
[09:21] {Threei} yeah...
[09:27] {magoo} shld vad crushed
[09:27] {nemo} [09:09] {dino} shld blood
[09:31] {cosmo} PETM went stupid on me
[09:34] {Threei} Long Setup: BAC 17 break
[09:34] {Threei} if stays above 16.90
[09:35] {magoo} in
[09:35] {magoo} pretty g gopod pllbk hurn
[09:35] {Threei} Long Setup: AXL .65 if stays above .50
[09:36] {magoo} aig rtk
[09:38] {Threei} AIG another squeeze is on
[09:38] {magoo} big pllbk edap
[09:40] {dino} shld v sm l .00
[09:40] {Threei} Preview: Q2 US Mortgage Delinquencies due out at 10amET
[09:40] {Threei} **no estimate, prior quarter (Q1) was 9.12%
[09:42] {dino} s topped
[09:45] {Threei} AXL is reestablshed
[09:45] {Threei} risky one
[09:47] {Threei} let's modify it
[09:47] {Threei} .50 break if stays above .40
[09:47] {magoo} how much u looking for?
[09:51] {magoo} aig hits 30
[09:51] {nemo} wonder what the news is this time
[09:52] {magoo} ceo says will be avble pay bk govt tarp i heardr
[09:52] {nemo} huh?
[09:53] {Threei} BAC stop to .94
[09:54] {magoo} hurn losing
[09:55] {dino} last try shld sm .00
[10:00] {Threei} AUG PHILADELPHIA FED INDEX: 4.2 V -2.0E
[10:00] {Threei} *JULY LEADING INDICATORS: 0.6% V 0.7%E
[10:00] {dino} out shld .40, +1.40
[10:00] {Threei} *(US) Q2 MORTGAGE DELINQUENCIES: 9.24% V 9.12% PRIOR (Q1); highest reading on record
[10:01] {dino} toughb crrrooowwwwdddddd
[10:01] {nemo} whatsa' matter Dino?
[10:01] {larisa} nice dino :)
[10:01] {Threei} we lost our breath dino... envy, ya know
[10:02] {dino} ty larisa, you're the best
[10:02] {larisa} ty :)
[10:02] {nemo} oh, yeah, I was writing "are you strapped in" as your comment came across...thought you might be in for a rocket ride
[10:03] {dino} lol
[10:03] {nemo} RIMM broke nice out of 74.35
[10:09] {Threei} Long Setup: AIG .10 break half lot
[10:09] {Threei} if stays above .95
[10:10] {Threei} no worky
[10:11] {nemo} half lot good idea
[10:12] {Threei} IRBT Hearing awarded $35.3M order from US Army yesterday (11.47, +0.13, 1.15%)
[10:13] {fernp} HIG breaking hod
[10:17] {magoo} HURN read vad?
[10:18] {Threei} .50 break
[10:18] {magoo} AIG setts for next leg
[10:18] {Threei} yeah
[10:18] {Threei} that's what I had in mind with that .10 break
[10:19] {nemo} market shaking off the bad news today
[10:22] {magoo} it trades like a donkey takes critical levels and fails
[10:23] {dino} heeehaw
[10:24] {nemo} what Dino?
[10:24] {dino} donkey
[10:24] {nemo} as in?
[10:24] {Threei} lol
[10:24] {dino} magoo above (or another name for him)\
[10:25] {nemo} yeah...the analogy escapes me...what critical levels do donkey's reach and then fail?
[10:25] {cosmo} PETM hod = 20 fwiw
[10:28] {dino} lod 19.50
[10:28] {magoo} sigh..trying to teach u guys
[10:28] {dino} played it afterhours last night
[10:29] {nemo} huh? and huh?
[10:31] {magoo} 31 is coming RISKY
[10:31] {magoo} 32
[10:31] {nemo} what stock mags?
[10:32] {magoo} AIG
[10:32] {magoo} but its not easy
[10:32] {nemo} it's at 30.36, you think it's going to 32.00
[10:32] {magoo} 31
[10:32] {magoo} then 32 today
[10:32] {dino} don't get him started nemo
[10:33] {magoo} concur vad?
[10:33] {nemo} that was an earnest question
[10:33] {magoo} 31 soon
[10:33] {Threei} 31 yes
[10:33] {Threei} 32 - I'd havbe to reevaluate when we get there
[10:33] {nemo} I wasn't being my usual obnoxiously patronizing self
[10:33] {dino} 31 then 12 in month
[10:34] {magoo} i dont care about that
[10:34] {magoo} this is $$
[10:35] {magoo} out .93 TY vad
[10:35] {magoo} another point
[10:36] {Threei} here is 31
[10:36] {Threei} lol, BAC
[10:36] {fernp} and BAC 1:1
[10:36] {Threei} 1:1, half out
[10:36] {Threei} sat long enough for us to foreget qwe had it
[10:38] {magoo} 32 coming
[10:38] {Threei} yep...
[10:38] {Threei} mother of all squeezes
[10:39] {magoo} out here
[10:39] {magoo} another .80
[10:39] {Threei} wtg
[10:39] {magoo} 35 shit
[10:42] {magoo} out again .82
[10:42] {magoo} 4 for 4 on it
[10:42] {Threei} good job
[10:42] {magoo} RISKY..gotta go change underwear
[10:42] {magoo} brb
[10:42] {Threei} things we learn here
[10:43] {magoo} [10:39] {magoo} 35 shit
[10:43] {magoo} [10:39] {&
[10:43] {magoo} problem is it pullsbk hard....but WOW vad, last few days we have MOMOMOMOMOMOMOMOM
[10:44] {magoo} serious runners vad like ole days
[10:44] {Threei} well, with all the doom and gloom spread by wounded bears at the slightest hint of market pullback, no wonder
[10:47] {Threei} mesmerizing
[10:48] {Threei} and no news whatsoever
[10:49] {magoo} out .90 again
[10:49] {magoo} took cross 33
[10:49] {magoo} 34
[10:49] {magoo} now 35
[10:49] {magoo} moght have to revise my target :)
[10:50] {nemo} 40
[10:50] {magoo} 38
[10:50] {Threei} pullback time
[10:50] {Threei} hard one too
[10:52] {magoo} out .79 now
[10:52] {Threei} wow... for a minute T&S and Level 2 had some discrepancy
[10:52] {Threei} don't remember when I saw that on Laser
[10:52] {magoo} like 6 for 6 on it
[10:52] {magoo} GET AWAY HERE
[10:52] {magoo} losing power it feels
[10:53] {magoo} [10:39] {magoo} 35 shit
[10:53] {Threei} when pullback comes it will be just as devastating for bulls as runup was/is for bears
[10:53] {nemo} volume has been dropping since 9:50
[10:53] {magoo} right vad, drop of 3 points
[10:54] {magoo} dont like it here long
[10:54] {magoo} pushing my luck
[10:54] {Threei} relax... you did great on it,
[10:54] {fernp} out HIG +.12
[10:54] {Threei} now let it rest a bit,
[10:54] {fernp} a bit faster than bac but not much more
[10:54] {Threei} then do this:
[10:54] {nemo} that's an understatement...ow...that hurt
[10:55] {Threei} when you feel it finished churning and shaking
[10:55] {Threei} and ready to resume
[10:55] {nemo} Hey Dino, Mags buying drinks tonight
[10:55] {Threei} skip first play you see,
[10:55] {Threei} it's most likely false attempt,
[10:55] {Threei} take second but with half shares
[10:55] {magoo} thanx..thats good advice
[10:55] {Threei} and trade it as you see fit with half of what you did in these 6 plays
[10:55] {magoo} cant win everyone
[10:56] {Threei} one biggest mistake you can make now is:
[10:56] {magoo} really got lucky
[10:56] {Threei} take the play, see it going against you, double down
[10:56] {Threei} this is what can destroy your winnings
[10:56] {magoo} yea..triple down..blow all stops lose like 5k OUCH
[10:56] {Threei} yup
[10:56] {Threei} happens to many after such winning streak,
[10:57] {Threei} caused by feeling that you know this stock now,
[10:57] {magoo} unfortunately...ive experienced that scenario
[10:57] {Threei} own it
[10:57] {Threei} can't lose on it
[10:57] {Threei} No stock is ever your friend
[10:57] {Threei} nor enemy for that matter
[10:57] {nemo} damn rimm C&H
[10:57] {Threei} they have no idea you exist
[10:59] {magoo} ive left following rimm last 3 sessions..ive been way off on it..
[10:59] {nemo} it's holding with q pullback
[11:00] {Threei} US Treasury to sell $42B 2-year notes, $39B 5-year notes, and $29B in 7-year notes
[11:06] {Threei} AIG pace picks up again
[11:13] {_phreeboy} what would you say AIG would have to hold to continue up?
[11:14] {cosmo} PETM test ....again
[11:14] {magoo} its not that kind of stok
[11:14] {Threei} I don't think there are technicals to AIG
[11:14] {magoo} it could easily red bar down to 31
[11:14] {nemo} volume has disappeare
[11:14] {Threei} it's a momo runner
[11:14] {Threei} they live in parallel universe
[11:19] {Threei} US CFTC and UK's FSA to enhance regulatory cooperation for oversight of energy futures markets
[11:19] {Threei} - the agencies will share regulations and disciplinary notices to increase cross border monitoring of oil markets
[11:21] {Threei} laugh all you want but BAC is coming on 1:2
[11:23] {fernp} I sold my BACs some centuries ago :)
[11:23] {Threei} I sold half
[11:23] {fernp} I know
[11:24] {Threei} here goes AIG murdering those who overstayed their welcome
[11:35] {cosmo} PETM test ....20 gonna melt at some point....
[11:39] {cosmo} people gotta feed their pets, ya know...
[11:44] {Threei} or not
[11:45] {cosmo} a big decision for us all
[11:45] {cosmo} the day is young
[11:45] {nemo} fas triang
[11:45] {nemo} trying
[11:46] {cosmo} time to walk the dogs
[11:55] {nemo} fas succeeded
[12:01] {Threei} hmmm
[12:01] {Threei} ese may have been hiding something from us
[12:01] {Threei} [ESE] Announces Contract Award for Its Thermoforming Business
[12:02] {Threei} and we thought he was a drummer?
[12:08] {nemo}
[12:12] {wulff} HURN seems down for the count
[12:14] {Threei} yeah, watching it
[12:14] {Threei} was downgraded just now
[12:14] {wulff} carried it overnight, but out earlier
[12:15] {Threei} by no-name firm
[12:15] {wulff} the three shmoes
[12:16] {Threei} two
[12:16] {Threei} HURN Update: Shares cut to Neutral from Outperform at a boutique firm (Boenning & Scattergood) (19.48, +0.05, 0.26%)
[12:16] {Threei} Boenning & Scattergood count for two shmoes, right?
[12:16] {wulff} were they not cut pretty badly already?
[12:17] {Threei} well... there is always "more down"...
[12:23] {magoo} IGK crusheed vad
[12:24] {magoo} WOW
[12:24] {Threei} way too thin
[12:24] {magoo} someone KICXK VAD
[12:25] {Threei} why would you want to do that
[12:37] {dino} news igk?
[12:37] {Threei} the symbol is not in my newsfeed
[12:38] {Threei} can't find out
[12:39] {dino} nothing on yahoo
[12:43] {nemo} how's the coma vad?
[12:44] {nemo} that good...
[12:45] {nemo} fas testing top of range
[12:45] {Threei} sigh
[12:46] {dino} aef?
[12:47] {dino} had a nice nap
[12:49] {dino} aef dropping fast
[12:50] {nemo} you short it?
[12:50] {dino} no want long at .20
[12:51] {dino} not going to get there tho
[12:54] {magoo} vad AIG trying it seems
[12:55] {dino} aef sm l .83
[12:55] {nemo} indexes and fas pulling back
[12:59] {Threei} yes mags... but it's absolute 50/50
[13:03] {dino} stopped aef
[13:05] {Threei} you do know who is on TV, right?
[13:07] {nemo} Schwarzenegger
[13:08] {Threei} you wish
[13:08] {nemo} nah, not really
[13:13] {nemo} aig going fro 32
[13:13] {nemo} wow
[13:13] {nemo} got whiplash on that one
[13:14] {Threei} (US) President Obama: Affirms position on public health insurance option is 'unchanged,' calls option "a good idea, but not the only aspect of reform" - radio interview
[13:14] {Threei} - Reminder: Back on 8/17 White House Press Sec Gibbs said Obama prefers government health-insurance option. Over the weekend that the Obama administration signaled that it was ready to abandon the idea of giving Americans the option of government-run insurance as part of a new health care system.
[13:27] {nemo} if aig doesn't stop @ 32.05 could be another good drop
[13:34] {fernp} HIG double bottom?
[13:35] {Threei} can't tell...
[13:36] {nemo} Hig's riding the 200 period moving average right now
[13:41] {nemo} aig dropped to r3
[14:01] {dino} aef rinsed
[14:03] {nemo} gotta' go... c u 2 maw row
[14:04] {fernp} bye nemo
[14:05] {Threei} take care nemo
[14:13] {magoo} vad AIG trying
[14:34] {_phreeboy} from this point what are the chances of AIG going long (own it and considering holding overnight)?
[14:35] {Threei} 50/50
[14:35] {Threei} total gambling
[14:35] {Threei} this thing can open at 40 and at 15 tomorrow with the same odds amd easiness
[14:36] {Threei} feel like in casino?
[14:37] {Threei} SBUX WSJ: Company to begin charging approx $0.25 more for certain drinks, less for others; effective Thursday in certain cities
[14:37] {Threei} - Customers to pay more for larger and complex drinks; less for smaller and more basic drinks
[14:37] {_phreeboy} better odds at craps with right hedge bets
[14:37] {Threei} there you go
[14:37] {Threei} I can't imagine why you would want to take it overnight - other than pure gambling
[14:38] {Threei} volatility is extreme, gaps can be huge
[14:38] {Threei} trading is about risk control
[14:38] {Threei} and you give up any resemblense of it by taking home such monster
[14:41] {Threei} how's this for volatility?
[14:43] {_phreeboy} do you use trend lines?
[14:43] {Threei} yes
[14:45] {fernp} BAC bounce?
[14:45] {Threei} I doubt it
[14:45] {Threei} gotta give them more room to fall before bounces become likely
[14:46] {Threei} this is that interim stage, you know...
[14:46] {Threei} when each leg down seems to be good enough for bounce
[14:46] {fernp} yes only five cents drop
[14:46] {Threei} but in reality leads to endless stops
[14:46] {Threei} jump in too early a few times,
[14:46] {Threei} and those stops however well controlled, eliminate all you made before
[14:49] {fernp} agree
[14:50] {fernp} Unfortunately, I have experienced many times what you're saying
[14:50] {dino} igk
[14:51] {dino} sm l .51 wide, gappy
[15:08] {Threei} US) US House Speaker Pelosi: Cannot pass a bill in the House that is lacking a public option
[15:08] {Threei} - Note: Pelosi in the past has noted that a public option has strong support
[15:16] {Threei} breakout or fizzle out?
[15:17] {Threei} you gotta give it to the market... what a perfection in finding the way to frustrate those who follow "normal" logic
[15:17] {Threei} who didn't "know for sure" the uptrend has ended
[15:44] {fernp} have a nice evening. see u tomorrow
[15:44] {Threei} take care fern
[15:56] {Threei} AIG dump on the close
[15:56] {Threei} doesn't really mean much
[15:56] {Threei} cxan be justr prfit taking
[15:56] {wulff} Tried to grab a RIMM long here but not in the mood
[15:56] {Threei} only better typed
[15:56] {wulff} teh stock that is
[15:56] {wulff} the
[15:56] {Threei} too close to close
[15:57] {wulff} entered the 3:30 run
[15:57] {Threei} okay guys... August is almost over
[15:57] {Threei} thank you all
[15:57] {Threei} have a good evening
[15:57] {larisa} see you :)
[15:57] {Threei} see you tomorrow
[15:58] {wulff} LAter all
[16:01] {magoo} ty vad everyone

Labels: , , ,

Wednesday, August 19, 2009

Aug 19 2009

Nice even though boring (what else is new) day. HURN, CAT, RTK, AIG scalps and nice long trade on AXL. With all the traditional August inactivity, we are fairly consistent - in both profits and boredom for hours while market is locked in a tight range.

Session Time: Wed Aug 19 00:00:00 2009

[08:34] {Threei} Yale Economist Shiller: forecast calls for house prices to increase 4% over next 5 years; economy will be more predictable
[08:34] {Threei} and may be subject to another housing bubble - CNBC
[08:59] {fernp} good morning everybody
[08:59] {larisa} gm :)
[09:00] {Threei} fern, larisa :)
[09:01] {dino} gm all
[09:01] {Threei} dino :)
[09:03] {cosmo} cers
[09:03] {cosmo} 2.45 pre mkt high fwiw
[09:03] {Threei} 8:30:14 AM
[09:03] {Threei} Cerus Corporation INTERCEPT blood system for platelets approved in Switzerland
[09:03] {Threei} - The approval extends permitted storage time for platelets to seven days with INTERCEPT treatment, compared to five days without treatment.
[09:03] {Threei} - The regulatory review process by Swissmedic is similar to the regulatory processes in France (Afssaps) and Germany (Paul Ehrlich Institute), in which INTERCEPT-treated blood components have been approved as a biologic for patient use.
[09:15] {magoo} morning
[09:16] {Threei} magoo :)
[09:18] {dptl} good morning
[09:22] {Threei} dp :)
[09:28] {Threei} no clear caandidates so far
[09:29] {Threei} will wait for a scanner to spit out something worthy
[09:29] {magoo} maybe HURN AXL shorts..come a long way
[09:29] {magoo} AA crushed
[09:30] {nemo} cat
[09:32] {cosmo} CERS: 2.45 pre mkt high fwiw
[09:32] {Threei} AXL non-stop
[09:33] {Threei} AXL Hearing PT raised to $12 from $9, reiterated at Strong Buy at Buckingham (timing uncertain) (6.08, +0.38, 6.67%)
[09:34] {Threei} Long Setup: HURN .50-
[09:34] {Threei} late... see if pulls back
[09:34] {nemo} cat bolted
[09:36] {Threei} if caught HURN on pullback to .51, feel free to exit here
[09:38] {Threei} XOMA Hearing strength attributed to postive mention on (0.92, +0.11, 14.15%)
[09:40] {Threei} Short Setup: AXL .15 half lot
[09:40] {Threei} if stays below .25
[09:43] {wulff} +.65 FAS
[09:43] {Threei} Long Setup: CAT half lot .05
[09:44] {nemo} things moving fast this morning
[09:44] {Threei} take scalp here
[09:44] {magoo} out here CAT
[09:45] {magoo} .33 TY
[09:45] {Threei} Long Setup: AXL .40 half lot
[09:45] {Threei} if stays above .25
[09:46] {magoo} in
[09:47] {Threei} not a scalp for me if works
[09:48] {nemo} axl?
[09:48] {magoo} feels 7
[09:48] {Threei} 1:1
[09:48] {fernp} out TY
[09:49] {Threei} nemo... what else could the comment be about?? :)
[09:49] {Threei} fern :)
[09:49] {magoo} out .51
[09:49] {nemo} just making sure, sorry too many accounting classes
[09:49] {magoo} TY will reload prob
[09:49] {Threei} half out .62
[09:49] {Threei} offering second half .80
[09:50] {Threei} direct hit
[09:52] {nemo} getting dizzy watching L2 on axl
[09:53] {Threei} that's what momo looks like
[09:53] {Threei} remember my comments a few days ago on recognizing momentum trades?
[09:53] {nemo} kinda'
[09:53] {Threei} what gave a clue to "not a scalp"
[09:54] {nemo} bid side imbalance and speed of transactions
[09:54] {Threei} when they trade like this, you won't even be able to spot that imbalance
[10:08] {BillyD} .
[10:08] {magoo} ..
[10:09] {fernp} ...
[10:16] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:16] {Threei} **consensus expectations:
[10:16] {Threei} Crude: +1.2Me
[10:16] {Threei} Gasoline: -1.7Me
[10:16] {Threei} Distillate: +400Ke
[10:23] {magoo} read on AXL HURN vad?
[10:23] {Threei} Long Setup: RTK .75 if stays above .65
[10:27] {Threei} if works, not a scalp for me
[10:28] {magoo} in
[10:29] {magoo} out .84 TY in .70 aggress
[10:29] {Threei} HURN explosion
[10:29] {magoo} may reload
[10:29] {magoo} [10:23] {magoo} read on AXL HURN vad?
[10:29] {fernp} out here TY Vad
[10:30] {Threei} 1:1, half out
[10:30] {Threei} DOE CRUDE:-8.4M V +1.2ME; GASOLINE: -2.2M V -1.7ME
[10:30] {Threei} DISTILLATE: -650K V +400KE; CAPACITY UTILIZATION: 84% V 83.7%
[10:31] {Threei} mags... if I had any you'd hear it
[10:39] {BillyD} CERS animal
[10:40] {Threei} wanted 3 break, chart was fair... couldn't bring myself to call it
[10:40] {BillyD} I took it for scalp
[10:40] {Threei} thin stock, if doesn't work - loss won't be controllable
[10:41] {BillyD} yeah, can smack you for double stop pretty quick
[10:42] {BillyD} you still in RTK
[10:42] {Threei} half with stop under b/e
[11:08] {Threei} yawn
[11:08] {Threei} even spam e-mails flow slowed down to a crawl
[11:09] {patience} cruise ship discount emails increasing
[11:26] {Threei} tje day SIRI starts moving, you know traders start scrapping the bottom of the barrel {G}
[11:27] {Threei} and QTWW
[11:27] {Threei} lol
[11:29] {magoo} HEY..i just took them lol
[11:33] {Threei} sigh
[11:40] {dino} .
[11:43] {Threei} I can see your point
[11:44] {Threei} I don't necessary agree with it but I see it
[11:45] {magoo} AXL trying vad
[11:46] {Threei} yes... spike off .50 was not something I could read at the time
[11:46] {Threei} it all but lost volume at the moment,
[11:46] {magoo} i just bringing it to your attention:)
[11:46] {Threei} could go easily either way
[11:46] {magoo} in case yoiu are comatose
[11:47] {Threei} yeah, I am trying to discern the pattern
[11:47] {Threei} to be ready if it repeats itself
[11:47] {Threei} hmmm
[11:47] {Threei} now you confuse me
[11:47] {Threei} what does my being comatose have o do with my trading?
[11:47] {Threei} how did it ever prevent me from calling trades?
[11:49] {Threei} really... next thing I know you guys start demanding that I trade sober...
[11:56] {Threei} Long Setup: AXL 7 if stays above 6.90
[12:00] {Threei} Long Setup: HURN 20 half lot
[12:00] {Threei} if stays above .85
[12:01] {Threei} EDAP Receives U.S. FDA 510(k) Approval for Sonolith I-Sys (1.64, +0.27, 19.71%)
[12:01] {Threei} Sonolith I-Sys is a novel, robotized device that has been developed by EDAP to provide a highly effective product configuration to address what is one of the largest lithotripsy markets in the world. The integrated lithotripter utilizes EDAP''s unique and patented electroconductive technology, an advanced shockwave approach differentiated by its superior ability to successfully disintegrate urinary stones in association with combined x-ray or ultrasound systems.
[12:01] {Threei} - The Sonolith I-Sys received CE mark approval in July 2007 and was launched in the E.U. in late 2007
[12:04] {fernp} HIG breakout
[12:04] {Threei} why not
[12:09] {fernp} out here
[12:09] {Threei} :)
[12:10] {fernp} lunch time. you know...
[12:10] {Threei} sheesh
[12:10] {Threei} why oh why didn't I notice AIG break of 25
[12:11] {Threei} that was chart to die for
[12:11] {larisa} agree :)
[12:11] {fernp} nice JBE
[12:12] {Threei} 15 cents consolidation range
[12:12] {Threei} {--- crying bitterly
[12:12] {Threei} pass me a tissue someone
[12:12] {larisa} use your fingers
[12:31] {Threei} US) House Energy and Commerce Committee has requested information from health insurance companies, including info on executive compensation
[12:31] {Threei} - Committee has reportedly sent letters to "dozens of insurers," including Aetna, Cigna, Humana, United Health and Wellpoint.
[12:31] {Threei} - In its letter to United Health, the committee asked for information on executive compensation, revenues and expenses, to be delivered by Sept 14th at the latest.
[12:32] {Threei} I can't believe this
[12:32] {nemo} Oh boy, here we go
[12:32] {nemo} 200 rubles a month
[12:32] {BillyD} that is pushing it
[12:32] {nemo} Da
[12:33] {Threei} larisa
[12:33] {Threei} why did we ever bother to immigrate?
[12:33] {nemo} mafia
[12:34] {Threei} communism is the same on any side of the ocean
[12:34] {nemo} yeah, but the likelihood of getting shot in Vancouver is significantly lower
[12:35] {Threei} you'd think so
[12:35] {Threei} Vancouver Shooting Spree: 8 Shot, At Least 2 Dead
[12:35] {Threei} Suspects at large in Vancouver shooting spree
[12:35] {nemo} no kidding?
[12:36] {Threei} n one of the worst acts of violence to ever hit Vancouver, two people were killed and six injured in a brazen early-morning shooting spree ...
[12:36] {Threei} Vancouver residents rocked by continuing shooting spree
[12:36] {Threei} Early-morning attack continues Vancouver shooting spree
[12:36] {Threei} Victim rushed to hospital; marks 32nd incident in city since January.
[12:36] {nemo} fcx vad
[12:36] {Threei} enough?
[12:36] {nemo} wow
[12:36] {nemo} yeah
[12:37] {Threei} I suspect dp....
[12:37] {dptl} ....nah...i am to old for that now...
[12:38] {nemo} what, arthritis in the trigger finger?
[12:38] {Threei} lol
[12:38] {dptl} lol
[12:38] {Threei} never thought I'd say that but here goes:
[12:38] {Threei} good one nemo
[12:38] {nemo} hurt, didn't it...
[12:38] {Threei} yes
[12:38] {Threei} but I work through the pain
[12:39] {nemo} tough being you, huh?
[12:39] {Threei} not if like good coma
[12:39] {nemo} Vad...super trader....women love look up to him...sheep fear him
[12:40] {Threei} I am afraid to ask
[12:40] {nemo} yeah...that was over the top...sorry
[12:40] {nemo} Mags...
[12:40] {dino} lol
[12:40] {dino} he stepped out
[12:40] {nemo} oh...have to do it myself
06[12:40] * nemo slaps nemo around a bit with a large trout
[12:41] {Threei} but now I have a suspicion about who made the sheep joke during nasau seminar, when I showed sheep image to illustrate the concept of a stock following the market
[12:41] {nemo} nope, wasn't me...think it was grasshopper
[12:41] {Threei} nope, male voice
[12:42] {nemo} have no eye deer
[12:43] {Threei} lol, nice one from the e-mail:
[12:43] {Threei} I'd rather be out of a market wishing I was in,
[12:43] {Threei} then in a market wishing I was out.
[12:50] {Threei} AIG non-stop
[12:57] {Threei} magoo
[12:57] {Threei} you here?
[12:58] {Threei} sigh... have to do everything myself...
06[12:58] * Threei slaps laserdave around a bit with a large greeting sign
[12:59] {nemo} In honor of woodstock...
06[12:59] * nemo slaps laserdave around a bit with a large cast iron peace sign
[12:59] {nemo} 40th anniversary ya' know
[13:13] {magoo} back..dino made me do lunch run
[13:15] {magoo} we only live 40 minutes from wdstk
[13:15] {dino} cisg l .50
[13:21] {magoo} what we in vad..was out an hour
[13:21] {nemo} coma
[13:22] {nemo} I feel like Pavlov's dog
[13:22] {Threei} looking at AIG for bounce scalp
[13:22] {nemo} RIMM
[13:30] {nemo} I thought the market was supposed to keel over like the rest of the markets around the world today...sheesh
[13:30] {Threei} since when do we follow the world, and not the other way around
[13:30] {dino} maybe so nemo, maybe so not
[13:31] {nemo} I thought you were a canuck
[13:31] {nemo} I know, I'm just bored and today another example of the market doing what is least expected
[13:31] {dino} it's a good day to die.....
[13:31] {nemo} every day should be
[13:31] {dino} and the day's not over yet
[13:32] {nemo} nope
[13:39] {Threei} US) More than 200 New York auto dealers have withdrawn from "cash for clunkers" program - CNBC
[13:39] {Threei} - cite reimbursement delays
[13:41] {Threei} RMBS
[13:41] {Threei} chatter about settlement with NVDA'
[13:43] {nemo} aig a dbi or a jbe?
[13:43] {Threei} neither
[13:44] {nemo} I figured you'd say that
[13:45] {magoo} what the hell is a dbi or jbe ??
[13:46] {nemo} oy
[13:46] {Threei} it's a creation of nemo's delirious state of mind
[13:46] {nemo} who's mind?
[13:47] {Threei} RMBS's happy
[13:47] {nemo} ahem
[13:47] {nemo} Jump-base-explosion (JBE) setups, 124, 125-128 practical examples of, 154-157, 201-205, 221-222
[13:48] {nemo} shall I continue?
[13:49] {nemo} Drop-base-implosion (DBI)setups, 124, 129 practical examples of, 167-170, 193-195, 198-200, 206-208, 214-216, 241-243
[13:49] {nemo} Guess where I got those?
[13:50] {Threei} Winnie The Pooh?
[13:50] {Threei} no wait
[13:50] {Threei} I know this one
[13:50] {Threei} Alice in Wonderland
[13:50] {nemo} Funny you should bring that up
[13:51] {nemo} Samuel Langhorn Clemens, before he died, buried a time capsule in which he said, when opened, would reveal a literary coup that would take the world by surprise.
[13:52] {nemo} In the first Edition of Alice In Wonderland, there was a title page illustration that did not appear in further editions
[13:53] {nemo} On the edge of the illustration were the initials "SLC" and as we know, Mock Turtle shares the same initials as his nome de plume, "Mark Twain"
[13:53] {nemo} We also know that Lewis Carrol was a friend of Clemens, and was a mathematician not known for his creative side
[13:54] {nemo} So...we shall see...but I where did I get those citations, VAD?????
[13:56] {nemo} O.K. fine... "Techniques of Tape Reading" by Graifer & Schumacher
[14:02] {fernp} enough for me. see you all tomorrow. have a nice evening
[14:07] {Threei} take care fern
[14:09] {nemo} RIMM testing HOD
[14:14] {nemo} aig decided to pop
[14:35] {nemo} spy and qs look like they might be ready to test support
[14:51] {dptl} ok....have a good evening all
[14:51] {Threei} take care dp
[15:07] {nemo} you o.k. Vad?
[15:07] {Threei} hmm?
[15:07] {nemo} thought I heard your chin hit the desk
[15:07] {Threei} nope, wasn't me
[15:08] {Threei} pillow's in place, so....
[15:08] {nemo} must have been Mag's head going through the reinforced concrete floor
[15:09] {Threei} could have... after all this years he still doesn't get the joke 'don't startle ostriches, the floor is concrete"...
[15:10] {nemo} hehehehe...having said that, when I lived in South Carolina, they made me where a helmet when I rode my motorcycle (even though it's a helmet optional state). They were afraid if I fell off my bike and landed on my head, I might damage the street.
[15:10] {magoo} EDAP nuts
[15:10] {Threei} yeah
[15:30] {Threei} AIG
[15:30] {Threei} feels like next wave up starts
[15:31] {nemo} how many shares you get mags?
[15:32] {nemo} .76 is 200 period moving average
[15:34] {magoo} of what?
[15:34] {nemo} aig
[15:34] {nemo} when Vad said it looked up
[15:34] {magoo} it a call?
[15:34] {magoo} i scalped EDAP
[15:34] {nemo} no, but that doesn't necessarily stop you
[15:35] {magoo} yea..but vad doesnt do well in the afternmoon lol
[15:35] {patience} .
[15:36] {Threei} who told you that mags
[15:36] {Threei} I do just fine sleeping through them
[15:37] {magoo} yahoo chat board
[15:37] {Threei} C TARP inspector to reportedly inspect Citigrou's asset guaranteees over taxpayer losses on approx $300B pool
[15:40] {Threei} Long Setup: AIG .75 if stays above .60
[15:40] {magoo} full?
[15:41] {nemo} 20 minutes left, this should be fun
[15:41] {Threei} yeah
06[15:41] * nemo puts the hemmarhoid pillow under his butt
06[15:41] * nemo straps on the seat belt
[15:44] {Threei} come on AIG, while we are young
[15:44] {nemo} Vad, we're not young
[15:44] {Threei} ok
[15:44] {Threei} come on AIG, while we are alive
[15:45] {magoo} odds?
[15:45] {Threei} shrug
[15:45] {Threei} 50.0000001
[15:45] {magoo} is one shoulder higher than other?
[15:45] {nemo} market's looking indecisive
[15:46] {Threei} modification for impatient:
[15:47] {Threei} Long Setup: AIG .70 break if stays above .60
[15:47] {magoo} oh no
[15:47] {Threei} less odds, smaller stop
06[15:52] * Threei kicks AIG in the rear
[15:53] {nemo} just don't make it do a faceplant
[15:55] {Threei} 1:1
[15:56] {Threei} [15:35] {magoo} yea..but vad doesnt do well in the afternmoon lol {---- I demand an apology
[15:56] {Threei} severe umbrage here
[15:57] {magoo} dammit.grrrrrrrr, i apoliticize
[15:57] {Threei} you what?
[15:57] {nemo} he spells like you
[15:57] {magoo} what u said
[15:57] {nemo} severe umbrage here
[15:58] {Threei} last minutes scalp... how cool iss that, to rub it in for fern and Billy tomorrow
[15:59] {Threei} and dp
[15:59] {Threei} thank you all, have a good evening
[15:59] {larisa} bye all
[15:59] {Threei} see you tomorrow
[15:59] {nemo} wow, nice exit Vad
[15:59] {Threei} last minutes,,, why would I stay in
[15:59] {dino} out cisg .46 -.04
[15:59] {Threei} no sluightest intention to carry overnight
[16:00] {nemo} walk off home run

Labels: , , ,

Tuesday, August 18, 2009

Aug 18 2009

To call this day slow would be an insult to turtles - they sure are faster. Couple scalps, couple ridiculously small stops and a whole lot of yawning.

Session Time: Tue Aug 18 00:00:00 2009

[09:00] {fernp} good morning everybody
[09:00] {Threei} good morning
[09:00] {BillyD} hi fern, Vad
[09:01] {fernp} morning Billy
[09:01] {magoo} morning
[09:02] {Threei} billy, magoo :)
[09:02] {nemo} gentleman :)
[09:02] {nemo} men :)
[09:02] {larisa} gm :)
[09:03] {nemo} Lari!!!!
[09:03] {Threei} nemo, larisa :)
[09:03] {nemo} market bouncing a bit on Target report
[09:03] {larisa} :)
[09:03] {magoo} hurn..sheesh..
[09:04] {larisa} wow
[09:04] {cosmo} 18.22 high so far
[09:04] {cosmo} hurn
[09:04] {magoo} is there news
[09:04] {BillyD} earnings magoo
[09:05] {cosmo} Announces Second Quarter 2009 Financial Results and Filing of Second Quarter Form 10-Q; Company Completes Restatement For Fiscal Years 2006, 2007 and 2008 and Q1 2009Business Wire(Mon 7:00pm)
[09:05] {BillyD} and a CC tomorrow
[09:05] {Threei} Monday, August 17, 2009 4:52:50 PM
[09:05] {Threei} Huron Consulting Group Files to restate Q1 EPS at $0.36 v $0.51 initially reported; CEO and CFO replaced
[09:05] {Threei} - Comments: senior management did not properly take into account the impact of the selling shareholders redistribution of the acquisition-related payments when determining the appropriate accounting treatment. In some cases, senior management was unaware of the redistributions. In other cases, senior management was aware of the redistributions but either misunderstood or misapplied the appropriate accounting guidance. As a result, the facts and circumstances surrounding the Shareholder Payments and Employee Payments were not fully described in representation letters previously provided to our independent auditors.
[09:05] {magoo} its avail short laser, but hey..might keep going
[09:06] {Threei} Monday, August 17, 2009 7:01:06 PM
[09:06] {Threei} Huron Consulting Group Reports Q2 $0.84 v $0.46e (not clear if comparable), R$166M v $173Me
[09:06] {Threei} - Q2 GAAP EPS $0.47 v $0.06 y/y
[09:06] {Threei} - Reaffirms FY09 sales forecast $650-680M v $690Me
[09:06] {Threei} - Q2 average number of full-time billable consultants +23% y/y
[09:06] {Threei} - Q2 Full-time billable consultant utilization rate was 69.6% v 66.8% y/y
[09:06] {Threei} - Q2 The average number of full-time equivalent professionals 854 v 863 y/y
[09:06] {Threei} - Q2 Average billing rate per hour $264 v $273 y/y
[09:07] {Threei} PALM Exec: Expecting to initiate the developer program in the US by the fall months (13.23, 0.00, 0.00%) (related AAPL )
[09:10] {cosmo} HURN tests 18 resistance
[09:10] {cosmo} hmmm ...careful...
[09:12] {magoo} it was 44 one month ago
[09:14] {cosmo} gee ...pretty good for pre mkt
[09:18] {patel} good morning
[09:18] {Threei} patel :)
[09:21] {dptl} good morning
[09:21] {Threei} dp :)
[09:25] {dino} gm all
[09:25] {Threei} dino :)
[09:26] {dino} hurn strange, sales est. look light
[09:27] {dino} turnaround tues.
[09:27] {nemo} having said that, if the stock was double the level a month ago, how does it look?
[09:27] {Threei} PIMCO's El-Erian: US stock rally has "hit a wall," reiterates valuations are ahead of fundamentals - TV interview
[09:27] {Threei} - PIMCO has been a "net seller" of mortgage debt over the last few weeks.
[09:27] {Threei} - Comments that PIMCO did participate in last week's 30 year treasury auction
[09:27] {Threei} - Trimmed risk in portfolio as the 'risk rally' has moved too far
[09:28] {Threei} someone's short I susp[ect
[09:28] {cosmo} hurn should hold 18 imho
[09:32] {nemo} It's 9:32, shouldn't we have 3 or 4 trades by now? :)
06[09:33] * nemo slaps nemo around a bit with a large trout
[09:33] {cosmo} we missed them i think
[09:33] {Threei} careful... you already expressed a wisdh yesterday... and it cam true
[09:34] {cosmo} GERN
[09:34] {cosmo} ...might heal
[09:35] {Threei} Long Setup: BAC .83
[09:35] {Threei} if stays above .75
[09:35] {magoo} in
[09:36] {fernp} in
[09:36] {patel} in
[09:36] {nemo} weird, I didn't get a fill
[09:38] {Threei} Long Setup: WFC .56
[09:38] {Threei} if stays above .50
[09:41] {Threei} BAC was 1 cent shy of 1:1, let's trail to under .80
[09:41] {Threei} don't want to get caught in market drop
[09:41] {Threei} out
[09:41] {patel} out
[09:41] {fernp} out
[09:43] {wulff} cat
[09:43] {Threei} just looked at it too
[09:43] {Threei} .80 break is tempting
[09:43] {Threei} let's see if it gives us nice tight support for a stop placement
[09:44] {nemo} cat looking short to me...I'm so pessimistic
[09:45] {nemo} .64 is R1 for cat
[09:47] {Threei} BAC stays intetestingly storng
[09:48] {nemo} looks like fas
[09:49] {Threei} let's try for double bottom?
[09:49] {Threei} .81
[09:49] {Threei} with stop under .75
[09:51] {magoo} HURN doing it
[09:53] {nemo} cat crash fever..nah nah nah
[09:53] {nemo} heat is getting to me
[09:54] {magoo} AXL
[09:55] {magoo} dam AXL was looking long .20 break
[09:55] {magoo} missed
[09:59] {dino} .
[09:59] {dino} any trouble w/room access? magoo can't get in
[10:00] {Threei} [09:57] * magoo_ was kicked by ChanServ
[10:00] {Threei} wrong nick
[10:00] {nemo} maybe if he goes to church and confesses his sins
[10:00] {magoo} HEY
[10:00] {Threei} HURN is doing it
[10:01] {wulff} I got shaken out
[10:01] {dino} sm l ctrp .25
[10:03] {Threei} BAC 1:1
[10:03] {fernp} out here TY
[10:03] {BillyD} same here
[10:03] {BillyD} ty
[10:03] {patel} ty
[10:05] {wulff} OK, back in .05
[10:05] {Threei} HURN?
[10:06] {wulff} yes
[10:09] {Threei} RIMM is trying to form C&H
[10:09] {magoo} AXL over 5
[10:09] {Threei} Long Setup: RIMM 73 if holding .80
[10:11] {magoo} out .18 TY VAD RIMM
[10:11] {Threei} :)
[10:11] {magoo} fast
[10:11] {tomg} me too, ty vad
[10:11] {Threei} welcome guys
[10:11] {Threei} easy money
[10:11] {magoo} was out before could right "in"
[10:11] {patel} nice job vad
[10:17] {Threei} not much volatility from the get-go
[10:20] {Threei} for the first 45 minutes NQ is locked within 10 points
[10:21] {magoo} but man..HURN and AXL crzazy
[10:22] {dino} jhx
[10:33] {dino} cstr sm l .50
[10:35] {dptl} ah...gotta to go.........see ya guys tomorrow or even monday...
[10:36] {nemo} put the pillow on the keyboard yet Vad?
[10:37] {fernp} bye dp
[10:39] {Threei} take care dp
[10:47] {dino} ctrp to .67
[10:48] {dino} out .67 ctrp, +.42
[10:50] {Threei} 90% of US bills carry traces of cocaine
[10:50] {BillyD} wow
[10:50] {nemo} old story
[10:51] {Threei} I guess now we know why people crave money so much
[10:51] {nemo} It was a higher percentage in the 80's :)
[10:54] {nemo} nice timing Dino
[10:56] {dino} ty
[10:56] {dino} sm l cisg .25
[11:00] {magoo} we in anything boss?
[11:01] {nemo} coma
[11:01] {Threei} you know...
[11:06] {dino} cstr stopped .18, -.32
[11:08] {dino} hgsi spike
[11:10] {magoo} BAC 17
[11:11] {Threei} HGSI DSG Comments that HGSI's Benylst lupus drug met primary end point in Bliss-52; through usage of its EDC technology
[11:11] {Threei} - Reminder on 7/20: HGSI: In a Phase III study, BENLYSTA met the primary endpoint in patients with s... (15.82, +0.56, 3.67%) more...
[11:12] {dino} cavm
[11:16] {dino} petd l .99
[11:24] {nemo} gotta' go c u 2 maw row
[11:25] {fernp} bye nemo
[11:25] {Threei} take care nemo
[11:26] {dino} cya nemo
[11:36] {Threei} deep freeze in the middle of the polar winter right in the center of permafrost
[11:36] {Threei} looking at T&S on NQ, I can't believe the pace
[11:36] {Threei} never saw it this slow
[11:36] {Threei} one print of 1 or 2 contracts every couple seconds
[11:40] {dino} one pint woud be better
[11:40] {Threei} gulp
[11:41] {Threei} yup... you are right... it IS better
[11:54] {Threei} what do we have, 2 for 3 and one invalidated?
[11:54] {Threei} booooring
[12:00] {magoo} vad give mwe a read AXL HURN palease
[12:01] {Threei} don't have any...
[12:02] {magoo} i said please
[12:03] {magoo} heres my read..i gerts high it rams up
[12:03] {Threei} want me to add sorry to match your uncharacteristic politeness?
[12:03] {magoo} .50 gets .90 area
[12:03] {magoo} axl
[12:09] {Threei} nice
[12:09] {magoo} A
[12:09] {magoo} X
[12:09] {magoo} L
[12:32] {dino} out petd .06, +.07 size
[12:38] {BillyD} LVS looks appealing 13 break with mkt help
[12:38] {Threei} quite
[12:42] {Threei} BAC .05 break too
[12:42] {BillyD} was noticing that
[12:43] {Threei} let's try it?
[12:43] {Threei} Long Setup: BAC .05 last shares
[12:43] {BillyD} yes
[12:44] {Threei} stop under 17 for hard core scalpers, under .95 for day traders
[12:45] {magoo} in
[12:45] {fernp} too late for me. have to go. see u all tomorrow.
[12:45] {Threei} take care fern
[12:45] {Threei} we will make sure to tease you tomorrow if BAC goes to 25
[12:46] {fernp} I'll read the log tonght
[12:46] {fernp} see you
[12:46] {Threei} :)
[12:50] {dino} cya fern
[12:53] {dino} strange, oih, uso up big, oil co. not really participating
[12:53] {dino} cisg stop to .58
[12:55] {dino} out cisg .55, +.30 slipped
[13:00] {Threei} wtg
[13:01] {patel} BAC doesnt want to go
[13:02] {Threei} doesn't want to drop either
[13:02] {patel} yup
[13:02] {patel} i guess it iwll going to hold on until after lunchtime buying comes back
[13:02] {Threei} don't overthink it... 6 cents stop, who cares
[13:02] {patel} yeah true
[13:02] {patel} u going to use 16.99 as a stop now
[13:03] {patel} since it is holding 17
[13:03] {Threei} yup
[13:04] {Threei} looks good to me
[13:04] {Threei} volume dries up on retreat, increases on advance
[13:04] {patel} yup
[13:05] {Threei} picks up pace as attack resistance again
[13:07] {dino} fslr
[13:08] {dino} v sm l .70, risky
[13:11] {Threei} market changed its mind about slow climb
[13:11] {Threei} we have a choice here
[13:11] {Threei} to say stopped
[13:11] {Threei} or to sell and not say anything so fern doesn't know
[13:11] {BillyD} lol
[13:12] {Threei} later on type "out BAC $5" for him
[13:12] {Threei} so he swears until he looks at the chart
[13:12] {Threei} and then he swears some more :)
[13:20] {dino} stopped fslr -.30
[13:29] {Threei} F WSJ: Ford and Utilities companies will announce a recharging technology for electric vehicles (7.65, +0.28, 3.80%) (related GM F.IT DUK TE FPL D EXC )
[13:29] {Threei} GM To discucss production outlook on 2:30ET confernce call (67.14, +0.71, 1.07%)
[14:10] {patience} .
[14:27] {magoo} VADDDDDDDD
[14:27] {magoo} wake up
[14:27] {Threei} why?
[14:43] {magoo} huh?
[14:44] {Threei} what?
[14:48] {magoo} AXL looks to resume
[14:48] {Threei} well... 5 support is a valid one to place a stop under
[14:49] {Threei} I just can't evaluate the odds of success
[14:49] {Threei} pretty random, honestly
[14:49] {BillyD} and it will dip below 5 as we have already seen
[14:56] {magoo} in it .10
[14:58] {Threei} selling any?
[14:58] {magoo} might
[14:58] {Threei} or you are in for a big run?
[14:58] {magoo} i want run
[14:59] {magoo} but
[14:59] {magoo} to.45 area..but who knows?
[15:04] {magoo} out .27
[15:04] {Threei} :)
[15:04] {magoo} prob reload it
[15:08] {magoo} dam RTK never stops either
[15:15] {Threei} RTK CEO on CNBC with Kudlow this evening
[15:15] {Threei} Rentech Inc To Supply Renewable Synthetic Fuels to 8 Airlines for Ground Service Equipment Operations at Los Angeles International Airport
[15:15] {Threei} - signed an unprecedented multi-year agreement to supply eight airlines with up to 1.5 million gallons per year of renewable synthetic diesel (RenDiesel) for ground service equipment operations at Los Angeles International Airport (LAX) beginning in late 2012, when the plant that will produce the fuel is scheduled to go into service.
[15:25] {dino} .
[15:26] {Threei} RTK CEO: Recently announced deal is 'touch point along the curve'; forcusing on more jet fuel contracts (2.39, +1.10, 85.27%)
[15:27] {magoo} AXL
[15:34] {Threei} nice spike
[15:35] {magoo} out 69
[15:35] {magoo} rd 3
[15:36] {Threei} Rentech Inc CEO Notes that planning to increase production of jet fuel through a commercial scale factory in 4 years
[15:36] {Threei} ummm
[15:37] {dino} eslt
[15:37] {Threei} let's buy it in 3 years 11 months?
[15:55] {Threei} Ok guys, let's call it a day
[15:55] {Threei} have a great evening, see you tomorrow
[15:55] {dino} pncl
[15:55] {magoo} ty vad
[15:55] {magoo} all
[15:56] {dino} thx all, slow day
[15:56] {Threei} slow?
[15:57] {Threei} all slow days seem to be sprinter runners vs today
[15:57] {larisa} bye :)

Labels: , , ,

Monday, August 17, 2009

Aug 17 2009

6 calls, 6 wins - nothing to complain about, even though second half of the day was obligatory August boredom embodiment. LVS, BAC and AAPL were the heroes of the day - interestingly enough, all on the long side.

Session Time: Mon Aug 17 00:00:00 2009

[08:11] {Threei} Preview: Aug Empire Manufacturing Index due out at 8:30amET
[08:11] {Threei} ***consensus estimate: -3.00e v -0.55 prior (Most analyst range of estimates seen from 1.0 to 6.0)more...
[08:11] {Threei} BLTXX Baltic Dry Bulk Index +0.8% (third straight increase)
[08:30] {Threei} Aug Empire Manufacturing: 12.08 v 3.00 expec
[08:31] {Threei} EUR/USD USD retraces overnight gains following first positive Emprie manufacturing reading since Apr 2008
[08:32] {nemo} $ up big
[08:32] {nemo} or are the quotes on that frozen too
[08:32] {Threei} - EUR/USD trading at 1.4080 after testing 1.4048 earlier today
[08:48] {fernp} good morning everybody
[08:49] {Threei} fern :)
[08:49] {patel} good morning traders
[08:49] {Threei} patel :)
[08:49] {Threei} fern... left just a tad too early on Fri... goes for Billy too :(
[08:50] {Threei} beautiful play came along just as you went for the weekend
[08:50] {patel} i missed the whole day had to take the wife to the doctor's office
[08:50] {fernp} in BAC I know
[08:50] {patel} i see you had an excellent day Threei
[08:50] {patel} Good job
[08:50] {Threei} ty
[08:50] {Threei} happens to me once in a while
[08:51] {nemo} Yeah, now he has to eliminate that occasional stop :)
[08:53] {Threei} attempts to do so require waking up... and that leads to catastrophic consequences
[08:53] {nemo} yeah, reality sucks
[08:53] {cosmo} rs
[08:58] {cosmo} just ask IDCC
[08:59] {cosmo} nterDigital Receives Notice of Initial Determination in ITC Patent Infringement Action Against NokiaBusiness Wire(Fri, Aug 14)
[09:00] {cosmo} initial ruling favors Nokia in InterDigital case
[09:00] {Threei} BAC Reports July Master Trust; Net Charge offs 13.82% v 13.81% m/m
[09:00] {Threei} - Delinquencies 7.58% v 7.73% m/m
[09:00] {Threei} - 30-59 days $1.8B v $1.84B m/m
[09:00] {Threei} - 60-89 days $1.5B v $1.... (17.39, 0.00, 0.00%) more...
[09:00] {Threei} IDCC, that's brutal
[09:01] {larisa} good morning :)
[09:01] {Threei} (US) Fed & Treasury extended TALF program to June 30, 2010
[09:01] {Threei} larisa :)
[09:01] {cosmo} BPAX to the rescue?
[09:01] {nemo} Hi Lari
[09:01] {larisa} :)
[09:03] {cosmo} BPAX: ...potential new vaccine against H1N1 (swine flu), which
[09:03] {cosmo} resulted in 100 percent protection from symptoms of illness, including
[09:03] {cosmo} weight loss, and death in animal studies.
[09:04] {cosmo} ...line forms on the right....
[09:04] {Threei} lol
[09:04] {cosmo} :)
[09:11] {dino} gm
[09:11] {Threei} dino :)
[09:16] {magoo} morning
[09:16] {Threei} magoo :)
[09:17] {nemo} magus :)
[09:19] {dptl} good morning all
[09:19] {Threei} dp :)
[09:22] {magoo} pretty big gap down vad
[09:22] {BillyD} morning
[09:23] {Threei} Billy :)
[09:24] {Threei} yes mags... you want me to do something about that?
[09:24] {magoo} oy...not already
[09:25] {cosmo} nano
[09:25] {Threei} Billy... whatever you, do not read the log for the Friday after you left
[09:25] {BillyD} ok
[09:26] {nemo} that was mean, Vad
[09:26] {Threei} yeah... your point is?
[09:27] {BillyD} I am sure I missed a good play
[09:27] {nemo} gentle nudges for you to change your evil ways
[09:27] {Threei} uhhu
[09:27] {Threei} see me dropping everything and rushing to change my evil ways
[09:28] {Threei} as it often happens on Mondays, I don't have clear candidates for the open
[09:28] {cosmo} uhhu not listed...
[09:28] {Threei} it's an IPO cosmo
[09:29] {Threei} watching BAC, BPAX
[09:29] {cosmo} ah
[09:29] {Threei} buit no structured play for either
[09:30] {magoo} lvs too vad
[09:30] {Threei} yup, ty
[09:31] {Threei} Long Setup: LVS .15 break
[09:31] {Threei} if stays above 12
[09:32] {magoo} in
[09:32] {Threei} Long Setup: BAC .50 break
[09:32] {Threei} stop under .45
[09:33] {Threei} too fast?
[09:33] {nemo} that was a little quick
[09:33] {fernp} missed bac
[09:33] {magoo} in bac
[09:33] {nemo} 1:1 lvs
[09:34] {Threei} half out BAC here mags
[09:34] {Threei} at least
[09:34] {Threei} LVS, half out
[09:34] {magoo} out lvs
[09:34] {Threei} .28
[09:34] {Threei} scalpers are out
[09:35] {dino} v sm l rtp .25 wide
[09:35] {Threei} that's their evil ways, ya know
[09:35] {nemo} hehehehe
[09:35] {magoo} oyt bac TY
[09:35] {Threei} :)
[09:35] {nemo} and you're leading the pack
[09:35] {Threei} see? and you wanted me to change my ways
[09:35] {Threei} want me to lead you into abyss of kindness?
[09:35] {nemo} Vad on a Harley with a sleevless leather vest
[09:36] {dino} and chaps
[09:36] {Threei} BAC
[09:36] {Threei} lol
[09:36] {Threei} watching for second entry
[09:36] {nemo} And a tshirt that says on the back "If you can read this, the bitch fell off"
[09:36] {Threei} qwant it to hold .45
[09:36] {Threei} nope
[09:36] {Threei} stay away for now, we need new range
[09:36] {BillyD} thought LVS would give more than 1:1
[09:37] {magoo} thats why i got out bac
[09:37] {nemo} that might have been the gasp of hope for the opening
[09:37] {magoo} mkts weak
[09:37] {Threei} still may Billy, but we have nervous opening, so I'd prefer another entry
[09:37] {nemo} Captain Obvious award goes to Magoo
[09:37] {Threei} yeah mags, what's up with that... venturing into my territory
[09:37] {BillyD} I bailed on 2nd half ue to it hit 1:1
[09:37] {magoo} aapl bounce vad?
[09:38] {magoo} not yet
[09:38] {dino} rimm 70s
[09:38] {fernp} LVS again Vad?
[09:38] {Threei} watching it
[09:38] {Threei} no clean structure yet
[09:38] {magoo} CAT too vad
[09:38] {Threei} good read on RIMM last week dino, I remember you saying it's headed for 70s
[09:39] {magoo} he called 70 strike i remember
[09:39] {Threei} OK, LVS
[09:39] {Threei} .10 break if holding 12
[09:40] {Threei} BAC
[09:40] {Threei} .50 break
[09:40] {Threei} if holding .40
[09:41] {dino} stba drop
[09:41] {Threei} LVS 1:1
[09:41] {dino} thin
[09:41] {BillyD} ty
[09:41] {BillyD} LVS
[09:41] {Threei} seriously can't tell whether it's just scalps or capable of more
[09:42] {Threei} your discretion guys
[09:42] {magoo} out lvs .15
[09:42] {magoo} ty
[09:46] {Threei} Long Setup: AAPL .50 break
[09:46] {Threei} smalish shares
[09:46] {Threei} if holding above .30 - .35
[09:48] {Threei} 1:1
[09:48] {patel} thanks VAD
[09:48] {Threei} :)
[09:48] {Threei} ok BAC, move your butt already, will ya
[09:51] {Threei} AAPL merrily 1:2
[09:52] {Threei} let's trail BAC to under .45
[09:52] {magoo} waiting .23
[09:53] {nemo} on what stock mags?
[09:53] {magoo} aapl..but will cut if have too
[09:53] {magoo} looking over163
[09:54] {magoo} ill let it rip or stop it flat
[09:54] {Threei} BAC over 1:1
[09:54] {fernp} out BAC. ty Vad
[09:54] {Threei} 5 out of 5
[09:55] {Threei} can I go home
[09:55] {Threei} ?
[09:55] {fernp} nope. we need 10 out of 10
[09:56] {Threei} IDCC Guides Q3 R$$73.5-75.5M v 76.6Me
[09:56] {Threei} you are communicating with nemo too much, fern...
[09:56] {fernp} lol
[09:56] {Threei} it's contagious...
[09:57] {nemo} wait till you start growing scales
[09:58] {magoo} out aapl here .08 TY VAD
[09:59] {Threei} 1:3... nice
[09:59] {magoo} out BAC here .65 TY DL
[09:59] {Threei} isn't it funny... markets are in red and haven't really bounced much, yet all our plays are on a long side
[10:00] {nemo} funny "ha ha" or funny strange?
[10:00] {dino} just plain funny
[10:01] {nemo} thought we'd be a bit more granular
[10:01] {Threei} it may make some significant difference for you... but don't me think too much, especially on Monday
[10:01] {magoo} see..aapl had alot of trouble with i adjusted exit
[10:01] {Threei} or Tuesday
[10:01] {nemo} sorry
[10:01] {Threei} or... you get the drift
[10:01] {magoo} may still go..look to reload if set up appears
[10:04] {nemo} on the five minute chart aapl, could be a bear flag
[10:04] {magoo} could dump 8 points careful
[10:04] {nemo} look at 5 min. on Qs
[10:06] {Threei} JPM Reports July Master Trust; Net charge offs 7.92% v 8.04% m/m - filing
[10:09] {Threei} BAC interesting resilience
[10:11] {Threei} compare 1 min JPM and BAC
[10:11] {Threei} looks like there is following here
[10:11] {Threei} and JPM break of .20 should signal BAC to break .70
[10:12] {Threei} also, looks like there is a magnitude correlation as well, 10 cents JPM move translate into 5 cents BAC
[10:17] {cosmo} idcc = red salmon
[10:19] {BillyD} VAd, HIG held last bit of selling pretty well, maybe long candidate
[10:19] {Threei} doesn't move with this bounce...
[10:20] {BillyD} so, kind of stuck in its own world
[10:20] {Threei} yeah
[10:20] {BillyD} ok
[10:21] {Threei} Long Setup: BAC .65
[10:21] {Threei} if stays above .60
[10:22] {magoo} .
[10:22] {nemo} ?
[10:23] {fernp} in
[10:30] {Threei} 1:1
[10:31] {fernp} out TY
[10:31] {Threei} :)
[10:31] {fernp} 6 out of 6
[10:31] {Threei} yup... I insist on going home
[10:32] {magoo} u ARE home:)
[10:32] {BillyD} yeah
[10:33] {Threei} it doesn't matter... it's symbolic gesture
[10:33] {BillyD} yeah, and you aren't going anywhere anyhow :)
[10:33] {nemo} So when you go to work you roll out of bed and sit at your computer in your underwear
[10:33] {Threei} I tested GETCO guys
[10:33] {Threei} on BAC and JPM
[10:34] {Threei} instant fills on both
[10:34] {Threei} some miniscule pass-through charge, nothing even close to usual ECNs
[10:34] {nemo} so good for listeds
[10:34] {Threei} can't use it to lay out
[10:34] {Threei} it's fill or kill
[10:35] {Threei} so I assume it's some variation of that darned flash order {G}
[10:35] {nemo} which could be a problem trying to get out on a stop
[10:35] {Threei} I am not sure it's good for any listed, nemo,
[10:35] {Threei} if I am right about what it is,
[10:36] {Threei} it could be kind of selective deal,
[10:36] {Threei} great if there is a liquidity on this route for specific stock,
[10:36] {Threei} useless if there is none.
[10:36] {Threei} Now, what Bear is working on right now is:
[10:36] {Threei} smart route that will start with GETCO,
[10:37] {Threei} and switch to other routes if there is no fill on it
[10:37] {Threei} thus trying to save you money first, then giving you sure fill if no go on cheapest route.
[10:37] {Threei} This way the main shoertcoming of GETCO gets remeduated
[10:37] {Threei} shirtcoming being, no route out on it
[10:38] {Threei} I'll try it on other listeds and NASDAQ, will report as I observe more on how it works
[10:39] {Threei} (as you can guewss, I finally upgraded my Laser, lol)
[10:42] {Threei} market is frozen
[10:45] {wulff} somebody do something
[10:45] {Threei} why
[10:46] {Threei} you guys are insatiable
[10:46] {wulff} gives me a chance to open my next beer
[10:46] {Threei} 6 for 6, and still you are hungry
[10:46] {Threei} oh beer...
[10:46] {Threei} hmmm
[10:46] {Threei} now that's the concept I may get excited about
[10:51] {BillyD} Vad, on BAC .65 long and .60 stop, do you count a 1:1 at .70 or .72 to include the 1 cent for break of .66 and 1cent stop at .59
[10:51] {Threei} I am not very anal-retentive about that
[10:52] {Threei} look at it this way:
[10:52] {Threei} if your formal 1:1 is .72,
[10:52] {Threei} stock reaches .71
[10:52] {Threei} and you see market stalling or reversing,
[10:52] {Threei} your leader (JPM in theis case) reversing,
[10:52] {BillyD} understand logic, was just clarifying
[10:52] {Threei} and your stock showing weakness
[10:53] {Threei} will you insist on .72 or shrug and grab .71
[10:53] {Threei} and to the heck with that 1 cent
[10:53] {Threei} also, 1:1 level as the spot where they more often than not reverse or pause - it's just a concept
[10:54] {Threei} it's not necessary that literal
[10:54] {Threei} so there is a room for diascretion here
[10:54] {Threei} as with everything in the market
[10:54] {BillyD} true
[11:03] {Threei} NY Fed: Purchased $7.01B in $300B outright coupons purchase; Dealers submitted $15.94B for consideration (bid to cover 2.27)
[11:03] {Threei} - Heaviest purchase was $4.56B in the 06/30/14 maturity
[11:03] {Threei} Note: Avg bid to cover for prior four auctions is 3.
[11:03] {Threei} is 3.28
[11:11] {BillyD} kind of mixed how stocks are reacting to the new mkt lows
[11:14] {larisa} HURN is happy all of a sudden
[11:14] {Threei} with no news
[11:16] {Threei} CX CEO: Not expecting volumes in cement to come back to its peak levels for at least 5 years
[11:16] {Threei} mobsters switched to garotta?
06[11:17] * Threei is looking for a manufacturer of piano strings
[11:17] {BillyD} cement boot sales are down lol
[11:17] {nemo} well, when all the people go belly up on their lone shark lones, they'll go back up
[11:25] {Threei} GETCO worked on LVS just as instantly
[11:26] {BillyD} are you hitting bid/offer prices
[11:26] {Threei} yes, no other way with this route
[11:26] {Threei} also, passthrough is slightly higher on sell side, probably some kind of regulatory fee
[11:26] {Threei} so the ideal way is,
[11:26] {Threei} get in with GETCO, offer it out with ECN that offers rebate
[11:27] {BillyD} good idea
[11:27] {Threei} and make your commissions next to non-exixtent
[11:27] {BillyD} is GETCO like a pool?
[11:27] {Threei} andf if have to bail out, again use GETCO
[11:27] {Threei} sure feels like it
[11:27] {Threei} logistics of it are ones of a dark pool as far as I can tell
[11:28] {BillyD} does Laser still charge us regular commission?
[11:28] {Threei} yes
[11:28] {BillyD} just not the ecn fees
[11:28] {Threei} right
[11:28] {BillyD} ok
[11:29] {Threei} but by getting ECN rebate you effectfively eat into commissions
[11:29] {BillyD} yup
[11:29] {Threei} if you manage to get rebate on both sides of the trade, your commissions will be laughable
[11:29] {BillyD} just have to make sure there is liquidity
[11:29] {Threei} it's not really easy way to trade,
[11:29] {Threei} as we prefer to enter with momentum
[11:29] {Threei} it's mostly exit where we offer into momemntum
[11:30] {Threei} so GETCO in, ECN lay out seems to be the best way
[11:30] {Threei} with variations like:
[11:30] {Threei} try to bid at your idea price,
[11:30] {BillyD} yes and won't be able to pay over entry price in case miss it
[11:30] {Threei} and keep GETCO ready to hit offer if becomes clear tou won't get your bid hit
[11:31] {Threei} for quick switching between routes may want to use programmable keys
[11:31] {Threei} just be careful with that, room for errors is bigger
[11:32] {BillyD} it would have to be faster than manual
[11:32] {Threei} fat fingers, ya know
[11:32] {Threei} yes
[11:33] {Threei} but it's really easy to program "shift-X key for GETCO entry", "shift Y key for bidding on ISLD, etc
[11:33] {nemo} or shift G and Shift I
[11:34] {Threei} that's the idea, pick those that you can memorize easily
[11:34] {BillyD} how iwll it know how many shares to inseryt
[11:34] {BillyD} does it default
[11:34] {Threei} ask dp, he is expert in key shortcuts
[11:34] {BillyD} ok
[11:38] {BillyD} Vad, you watching BAC
[11:38] {Threei} yes but I don't know what to make of it
[11:39] {nemo} kinda looks like spy
[11:39] {wulff} LVS slow steady
[11:40] {Threei} C Reports July Master Trust; Net Charge offs 10.03% v 10.51% m/m
[11:40] {Threei} - Delinquencies % v 5.49% m/m
[11:40] {Threei} - 5-34 days $2.63B v $2.41B m/m
[11:41] {Threei} I don't emember this kind of reports
[11:41] {Threei} new fashion trend I guess
[11:44] {Threei} tried GETCO on HURN
[11:45] {Threei} inconsisten... two entry attempts were rejected, then third saudcdently gave a perfect fill
[11:45] {Threei} for exit swicthed ti NASDAQ
[11:46] {Threei} not sure what it means
[11:46] {BillyD} if no shares available maybe
[11:46] {BillyD} at that price
[11:47] {Threei} I guess... lack of route out makes it work differently from what we are used to
[11:47] {larisa} can you use Getco with limit couple cents higher than the ask?
[11:47] {Threei} that's what I did
[11:48] {BillyD} did it give price improvement
[11:48] {Threei} yes
[11:48] {Threei} hit existing offer
[11:48] {Threei} huh... it just allowed me to bid
[11:48] {BillyD} and, was the order that was filled above the offer
[11:49] {Threei} I guess its NASDAQ logic is diferent
[11:49] {Threei} hmm?
[11:49] {Threei} I hit .91 while .87 was available, got .87
[11:49] {BillyD} order filled, was your limit price above current offer
[11:49] {BillyD} ok
[11:50] {magoo} HURN is crazy
[11:50] {Threei} just got .06 and offered .13
[11:50] {Threei} allowed me to offer
[11:50] {Threei} so you can add liquidity on NASDAQ via it it seems, but not on listeds
[11:50] {Threei} just no point as there is no rebate
[11:50] {nemo} so, if you're waiting for a break, you better wait for the break
[11:50] {Threei} better to offer on ECN
[11:51] {magoo} positive news COF just now
[11:51] {Threei} I don't see any
[11:52] {magoo} 11:48 its there, no biggie, better than expected managed and trust data metrics for july etc
[11:53] {magoo} frwakin HURN VAD
[11:53] {magoo} its getting the feel
[11:53] {Threei} wow
[11:53] {Threei} you have some seriously delayed news feed mags
[11:54] {magoo} time stamopp 11:48
[11:54] {Threei} have a look at time stamp:
[11:54] {Threei} Monday, August 17, 2009 6:05:47 AM
[11:54] {Threei} Capital One Financial Corp Reports July Master Trust; Net charge offs: 9.83% v 9.73% m/m - filing
[11:54] {Threei} whoever supplies you with news, tell them to go, ummm
[11:54] {magoo} oh shit
[11:54] {Threei} let me think where
[11:55] {Threei} but while I am thinking, rest assured it's very remote, daerk and stinkin' place
[11:56] {Threei} just tried to bid MSFT below the market - rejection
[11:56] {Threei} I am not sure I understand the mechanics of this route for bidding/offering
[11:56] {Threei} luckily, no need
[12:03] {dino} .
[12:10] {Threei} GURN big pullback
[12:11] {Threei} HURN too
[12:11] {Threei} quickest way to switch from GETCO to standard route on NASDQ stock:
[12:12] {Threei} uncheck Route on/off
[12:12] {Threei} I am having an exploraion day today, lol
[12:13] {BillyD} is this box on L2
[12:13] {Threei} yup
[12:13] {Threei} to the right of Cancle button
[12:14] {Threei} pleasantly enough, I manage to combine testing with profit
[12:14] {Threei} normally it's not what happenming, lol
[12:15] {BillyD} we have different L2 windows
[12:15] {Threei} then you don't have this line checked:
[12:16] {Threei} ugh, wait
[12:16] {Threei} it's somewhere in different place in this version
[12:16] {BillyD} in view
[12:17] {BillyD} advanced button style
[12:17] {Threei} yes
[12:17] {Threei} used to be in different place in menu
[12:17] {BillyD} with the box unchecked how does it route
[12:17] {Threei} default
[12:18] {BillyD} which is
[12:18] {Threei} for NASDAQ it's, wait it
[12:18] {Threei} drum roll
[12:18] {Threei} NASDAQ route
[12:18] {Threei} for listeds MLCO I believe
[12:18] {Threei} which I rarelt like
[12:19] {BillyD} is the D+ buy/sell button for day plus orders
[12:20] {Threei} ?
[12:20] {Threei} where is it?
[12:20] {BillyD} in L2 window
[12:20] {BillyD} at bottom
[12:20] {BillyD} under market buttons
[12:21] {Threei} I don't have it
[12:21] {Threei} ahha
[12:21] {Threei} here it is
[12:21] {Threei} no idea
[12:21] {Threei} let's torture dave
[12:21] {BillyD} ok, I see what you have
[12:22] {Threei} there is a manual of course
[12:22] {Threei} but heck... we never ask for directions, do we
[12:22] {BillyD} it's pretty outdated
[12:23] {BillyD} can we put in orders good til cancelled
[12:23] {Threei} I don't think so
[12:23] {Threei} Laser is geared toward day trading
[12:23] {BillyD} what I thought
06[12:53] * Threei puts pillow on the desk right below his chin
[13:00] {Threei} AUG NAHB HOUSING MARKET INDEX: 18 V 18E
[13:03] {Threei} BPAX Reportedly management says it is in early stage talks with vaccine makers for liscensing its Biovant H1N1 product (2.27, +0.31, 15.82%)
[13:07] {Threei} guess
[13:07] {Threei} who
[13:07] {Threei} is
[13:07] {Threei} on
[13:07] {Threei} etc
[13:19] {magoo} vad DNDN
[13:20] {Threei} DNDN Update: Ticks higher as CFO reportedly says he expects adoption of Provenge expected to be greater than current level of use for standard chemo in prostate cancer patients
[13:20] {Threei} - says it expects the initial demand for Provenge to outstrip supply, but expects to be able to meet... (22.11, -0.36, -1.60%) more...
[13:58] {BillyD} Vad, any CRY news....I don't see any
[13:59] {Threei} nothing since that last week FDA
[13:59] {BillyD} ty
[14:01] {Threei} (US) Fed quarterly loan officer survey: Banks report deteriorating lending quality (related EUR/USD XLF )
[14:04] {dino} .
[14:13] {nemo} frickin' brownout...what I miss
[14:13] {Threei} nothing
[14:13] {nemo} sorry to make you pick your chin up off the table
[14:13] {Threei} no worry
[14:13] {Threei} I set my keyboard vertically
[14:14] {Threei} so I can type not changing position
[14:14] {Threei} good coma comes first
[14:17] {nemo} Gotta' go anyways....have a nice nap everybody
[14:17] {BillyD} by
[14:17] {Threei} very considerate and polite of you to drop by to tell us you have to go
[14:17] {nemo} I'm like that
[14:18] {Threei} I am proud of civilized manners being adopted
[14:18] {nemo} now you're lying
[14:18] {Threei} (well, as long as I am not expected to follow to suit)
[14:18] {nemo} Mmmmmmhhhhh....Vad in a suit.....nah
[14:22] {dino} cya nemo
[14:35] {Threei} BAC Moody's raises preferred stock rating (16.73, -0.66, -3.80%)
[14:35] {Threei} AIG Discloses agreement with new CEO Benmosche over compensation - filing
[14:35] {Threei} Mr. Benmosche will receive an annual salary of $7M, consisting of $3M in cash and $4M in fully-veste... (23.74, -0.63, -2.59%) more...
[14:49] {Threei} (US) CFTC's Gensler: Seriously considering position limits for energy futures contracts (related UNG USO )
[15:01] {dino} caesars' contra-coin says we go up
[15:02] {BillyD} WFC weak
[15:02] {BillyD} any thoughts Vad WFC
[15:02] {BillyD} short that is
[15:03] {Threei} doesn't feel right to me
[15:03] {Threei} can't quite put a finger on it
[15:03] {BillyD} ok
[15:12] {Threei} 6% Expect Tax Cut During Obama Years
[15:12] {Threei} I simply can't pinpoint the % of idiots... such a moving target, there seem to be no averages
[15:13] {BillyD} TY...I was getting perplexed trying to fit that one into the herd mentality formula
[15:14] {Threei} the problem is, as soon as you rthink "there, I nailed it", next headline comes right along:
[15:15] {Threei} 22% Expect Things To Improve in Afghanistan
[15:15] {Threei} 35% Say U.S. Heading in Right Direction
[15:15] {Threei} now, you tell me...
[15:15] {BillyD} it's volatile??
[15:15] {BillyD} hehe
[15:16] {Threei} sheer magnitide is amazing
[15:16] {BillyD} aren't you glad you don't have to drive in traffic to work
[15:16] {dino} rst
[15:16] {Threei} lol
[15:24] {Threei} let's see if there is double bottom in WFC
[15:25] {Threei} not so far
[15:26] {fernp} boring but profitable day, hope tomorrow be like today :)
[15:27] {fernp} see u tomorrow
[15:27] {Threei} :)
[15:27] {dino} tighten rtp to .35 all dayer
[15:29] {BillyD} OCLS news?
[15:30] {BillyD} can't find any
[15:30] {Threei} OCLS Hearing chatter company may sign a significant marketing deal shortly
[15:30] {BillyD} no short
[15:30] {BillyD} available
[15:35] {Threei} US House Speaker Pelosi: Public option for health care has 'strong support' would lower health care costs (related IYH PPH BBH )
[15:36] {Threei} Note: Reports surfaced this weekend that the White House was close to removing the public option from the bill
[15:41] {dino} out rtp .32, +2.07
[15:41] {larisa} gj
[15:41] {BillyD} very nice dino
[15:41] {dino} ty, lucky entry
[15:51] {dptl} good evening all
[15:52] {BillyD} same here...cya
[15:52] {Threei} okay guys, thank you all
[15:53] {Threei} have a good evening, see tyou tomorrow
[15:53] {larisa} bye :)

Labels: , , ,

Friday, August 14, 2009

Aug 14 2009

The best way to finish the week - with a bang. 5 wins out of 6 calls, and one of them is a nice BAC run. The rest were usual suspects: WFC, RIMM and CAT.

Session Time: Fri Aug 14 00:00:00 2009

[08:00] {Threei} (US) FHFA's Lockhart: Housing prices are starting to stabilize, seeing "significant results" from TARP - CNBC (related XHB )
[08:00] {Threei} C BofA/Merrill Lynch Raised C to Buy from Sell, price target: $5.75 (timing uncertain)
[08:00] {Threei} - Analysts see crisis in organization as largely past
[08:00] {Threei} - Prior PT $2.50
[08:26] {Threei} BLTXX Baltic Dry Bulk Index: +2.6% (second straight increase
[08:30] {Threei} JULY CONSUMER PRICE INDEX M/M: 0.0% V 0.0%E; CPI EX FOOD&ENERGY M/M: 0.1% V 0.1%E;
[08:30] {Threei} - CPI Y/Y: % v -1.9%e
[08:30] {Threei} - Core CPI Y/Y: % v 1.6%e
[08:31] {Threei} CPI Y/Y: -2.1% v -1.9%e
[08:31] {Threei} - Core CPI Y/Y: 1.5% v 1.6%e
[08:32] {Threei} IMMU Announces FDA Allowance of Investigational New Drug Application for Milatuzumab-Doxorubicin Conjugate
[08:32] {Threei} - Coannounced the allowance of an investigational new drug (IND) application filed with the U.S. Foo... (4.12, 0.00, 0.00%) more...
[08:33] {Raven} Milatuzumab-Doxorubicin Conjugate
[08:33] {Raven} I need some of that
[08:35] {Threei} lol
[08:58] {cosmo} ARCC should hold 9.95 .... my guess
[08:58] {cosmo} 9.05
[08:59] {cosmo} sorry
[09:05] {fernp} good morning everybody
[09:05] {Threei} fern :)
[09:18] {magoo} morning
[09:18] {Threei} magoo :)
[09:19] {magoo} what u watching
[09:19] {Threei} C
[09:19] {Threei} LVS
[09:25] {larisa} good morning :)
[09:26] {Threei} larisa :)
[09:26] {larisa} thought everybody went on vacation :)
[09:27] {magoo} bac wfc took a hit there
[09:28] {Threei} everybody did lartisa... we are the only ones stuck here
[09:29] {dino} gm all
[09:29] {Threei} dino :)
[09:29] {cosmo} ARCC pre mkt high = 9.22 fwiw
[09:31] {fernp} YHOO double bottom on daily chart
[09:34] {Threei} Long Setup: C .15 if stays above .10
[09:37] {dino} jst
[09:38] {magoo} freakin rimm doesnt even fall tooday
[09:38] {dino} a bit wide
[09:40] {Threei} Short Setup: CAT .60 break half lot
[09:40] {nemo} iios
[09:40] {nemo} oops
[09:42] {magoo} RF pop
[09:45] {magoo} mgm higher
[09:46] {Threei} CAT 1:1
[09:47] {fernp} out CAT. ty Vad
[09:47] {Threei} :)
[09:47] {Threei} wqfc
[09:47] {magoo} wfc
[09:47] {Threei} Long Setup: WFC .96
[09:48] {Threei} stop under .85
[09:49] {Threei} 1 cent shy of 1:1?
[09:50] {Threei} FRPT CFO: May be awarded contract valued up to $1B over 5-years (4.70, +0.02, 0.43%)
[09:51] {Threei} Have the potential for service sales to double as military operations in Agh ramp up
[09:51] {Threei} - Over 2K Cougar armored vehicles being moved into Afghna theater, could result in $250M added to yearly rev target
[09:51] {Threei} WFC 1:1
[09:51] {fernp} WFC out here. ty again
[09:51] {Threei} :)
[09:56] {Threei} awww
[09:56] {Threei} why did ever cover CAT
[10:00] {nemo} given the downward tenor of the markets, guess allowing for a bear flag would have been prudent
[10:03] {fernp} shorted BAC 16.78 stop 16.88
[10:03] {dino} rtp
[10:04] {dino} pmug
[10:04] {dino} nope
[10:06] {fernp} out here +.10
[10:06] {dino} bks
[10:06] {Threei} US Climate Bill in Senate will reportedly include a 'significant' amount of free pollution permits - unconfirmed report (related CARBX USO UNG )
[10:08] {Threei} Long Setup: WFC .80 break
[10:09] {fernp} under .70 stop?
[10:09] {Threei} sure
[10:13] {Threei} no go
[10:18] {fernp} BAC and HIG not making new lows
[10:19] {Threei} still doesn't feel like market is ready to reverse
[10:28] {Threei} what's wih RMBS
[10:32] {nemo} Hey Dino:
[10:42] {jfjf64} mornin
[10:42] {Threei} hey jef
[10:43] {Threei} -e
[10:45] {jfjf64} rmbs .15 break
[10:45] {nemo} jf's got that itch to scratch again
[10:45] {jfjf64} lol
[10:46] {jfjf64} how was opening
[10:47] {nemo} What time does the NY/CHI FADC start today?
[10:48] {Threei} opening was not very eventful
[10:48] {Threei} 2 scalps, one stop
[10:48] {_prth} is this a double bottom on wfc?
[10:49] {nemo} wffc kinda looks like the spy and Qs
[10:50] {dino} sm l jst .00
[10:50] {nemo} FCX an CAT do too...all seem to be following at the moment
[10:50] {Threei} most likely but entry should be on pullback
[10:51] {jfjf64} rmbs invalid
[10:52] {jfjf64} ery .80 break
[10:55] {dino} s/p lod
[10:57] {Threei} CAT .50 break is obvious short
[10:57] {Threei} too obvious?
[10:58] {magoo} dont like that
[10:58] {magoo} mkts due to bounce
[11:02] {BillyD} morning
[11:02] {BillyD} anything on the radar
[11:02] {nemo} coma
[11:03] {Threei} Billy :)
[11:03] {BillyD} what I thought..hehe
[11:04] {dino} vlkay
[11:09] {Threei} Short Setup: CAT .80 break
[11:09] {Threei} if stays under .90
[11:10] {nemo} .91 is resistance under pivot
[11:11] {nemo} blew right by
[11:11] {nemo} range play vad?
[11:13] {Threei} ?
[11:13] {nemo} were you targeting the bottom of the range since 10 of .55?
[11:14] {Threei} why guess
[11:14] {Threei} let it trade and watch the masrket
[11:14] {Threei} follow what happens
[11:28] {Threei} 1;1
[11:29] {fernp} out here. ty
[11:29] {Threei} :)
[11:29] {fernp} have to go. see you on monday. Happy weekend to all
[11:30] {Threei} take care fern, have a good one
[11:30] {Threei} 1:2
[11:30] {BillyD} ty
[11:30] {Threei} so far so good... 3 for 4
[11:31] {BillyD} gj
[11:34] {Threei} why does CAAS bother me so much... second day
[11:37] {dino} rtp 157 trig, v sm
[11:38] {dino} bothers you because of the double AA
[11:38] {BillyD} lol
[11:40] {Threei} hmmm
[11:40] {Threei} i need to ponder that
[11:41] {dino} please do
[11:47] {Threei} RMBS Hearing strength being attributed to renewed takeover chatter circulating (timing uncertain) (17.55, +1.74, 11.01%)
[11:48] {BillyD} rumors such a game
[11:52] {BillyD} Vad, another CAT short on .50 if under .60
[11:53] {Threei} need a bit of consolidation
[11:53] {BillyD} just because it is a heavier stock for the most part
[11:55] {magoo} THC pop-a-roo
[11:56] {Threei} SBCF Halted: News pending
[11:56] {jfjf64} so long guys off to airport
[11:56] {Threei} have fun jf
[11:56] {dino} cya jf
[11:56] {jfjf64} ty
[11:56] {magoo} bye jf
[11:57] {jfjf64} haappy trading
[11:57] {jfjf64} see ya all when i get back
[11:58] {dino} rtp
[12:02] {dino} bks sm l .80
[12:02] {BillyD} HOLX chart notbad
[12:03] {BillyD} over 15
[12:16] {Threei} well... CAT seems to be ready
[12:16] {Threei} it's total markert coma that keeps me concernesd
[12:17] {BillyD} little spike up and stop
[12:17] {Threei} let's go long on .60 break then?
[12:17] {Threei} fades work lately :)
[12:18] {BillyD} too indecisive for me
[12:18] {BillyD} passing for now....I was more short biased
[12:19] {BillyD} you watching GRRF
[12:19] {BillyD} one to keep eye on imo
[12:20] {Threei} thinnie...
[12:20] {BillyD} only when it's not
[12:33] {dino} bks stopped -.31
[12:47] {_prth} what do you think of iwm 56.01 break?
[12:48] {Threei} if market bounces so should IWM
[12:48] {Threei} problem is market does absolutely nothing
[12:48] {Threei} compare the charts
[12:48] {Threei} they are identical
[12:51] {nemo} missed C&H on rimm
[12:56] {Threei} BCRX Recent strength attributed to Dept of HHS holding public teleconference on H1N1 countermeasures from Noon to 2pmET today (10.08, +0.42, 4.35%)
[12:57] {Threei} Long Setup: RIMM .55 brteak
[12:57] {Threei} if stays above .40
[12:58] {Threei} eeck
[12:58] {nemo} anybody catch it
[12:58] {larisa} rofl
[12:58] {Threei} 1:1 in like 2 seconds
[12:58] {nemo} burned my fingers
[12:59] {BillyD} got 200 shares at .58 and out .73
[12:59] {BillyD} lol
[12:59] {nemo} guess the algo programs were looking at .55 :)
06[13:00] * nemo slaps ese around a bit with a large trout
[13:00] {ese} well my goodness this works
[13:00] {nemo} hey ese, Les Paul died
[13:00] {Threei} wow
[13:00] {ese} coming to live from Ballerup Denmark
[13:00] {Threei} hi ese
[13:00] {Threei} how's trip?
[13:01] {ese} so far so good a great show today at a danish high school Borupgaard High school
[13:01] {Threei} let me try and say it fast three times
[13:02] {ese} Les that is a legend....the person who revolutionized the guitar
[13:03] {ese} just popped in to say hello....on my way out to another function at Baghuset (pronounced Bowoouuza) the local music house
[13:03] {patience} nice to hear from you ese :)
[13:04] {Threei} Baghuset pronounced Bowoouuza....
[13:04] {ese} hmmmm market dn 130.....brutal day for you all...or rather tough day?
[13:04] {Threei} nice day actually
[13:04] {BillyD} gotta run, have a nice weekend everyone
[13:04] {Threei} 5 calls, 4 winners... one was almost impossible to catch though
[13:05] {Threei} take care Billy
[13:05] {patience} good day for me, playing energy sector
[13:05] {ese} nothing but the best from you vad.........have a great weekend all.....will try to pop in next week..
[13:06] {ese} hey old was Les Paul by the way?
[13:06] {nemo} 94
[13:06] {ese} 94?........lotsa music to live for i guess......take care all
[13:09] {patience} have a great weekend ese
[13:10] {patience} oops, too late
[13:11] {dino} sm l jst .10 last try
[13:19] {dino} out rtp .65, +.65
[13:20] {Threei} this is absolutely hillarious
[13:20] {Threei}
[13:21] {nemo} can't make that stuff up
[13:22] {Threei} notice: camera refocused on squirrel
[13:22] {Threei} original subject became a bit blurry
[13:22] {nemo} yeah
[13:23] {Threei} BCRX...
[13:25] {Threei} judging by daily and volume, has a nice chance to become a runner one day
[13:43] {Threei} RMBS Reportedly wins ruling in antitrust case against chip manufacturers
[13:43] {Threei} - Note: there had been much speculation circulating over possible court case wins in the last 24
[13:47] {dino} rtp sm l .40
[13:53] {Threei} more than two hours in 5 points NQ range
[13:54] {nemo} quite the roller coaster
[14:03] {dino} yes indeed
[14:07] {magoo} freakin BAC
[14:07] {magoo} B
[14:07] {magoo} A
[14:07] {magoo} C
[14:14] {Threei} I see no news
[14:16] {Threei} the pace of trading says, "I am going higher"
[14:17] {magoo} yea..somethingss up..never fell with mkt rot
[14:17] {nemo} paulson bought all those shares
[14:19] {Threei} let's try off pullback if dives into 17?
[14:19] {Threei} or .20 break if stays above .10
[14:19] {Threei} actually .19 new high
[14:21] {Threei} offering half .31, 1/4 at .45 and 1/4 at .65
[14:22] {magoo} in w/u
[14:22] {magoo} stop?
[14:23] {Threei} [14:19] {Threei} ... if stays above .10
[14:23] {magoo} ops
[14:28] {magoo} hope its not topping here
[14:29] {larisa} 17.21 res, need to break and stay above it
[14:29] {Threei} .25 you mean
[14:29] {larisa} mine is .21 :)
[14:29] {nemo} r1 is almost .26
[14:29] {larisa} mine is Camarilla :)
[14:34] {Threei} {Paulson} no way it was top
[14:34] {Threei} see how pace picks up?
[14:34] {Threei} that's you clue o runners
[14:35] {Threei} and look at volume configuration
[14:35] {Threei} this slower trading, pause, retreat with volume somewhat drying up,
[14:35] {Threei} then sharp spike in both price and volume
[14:35] {Threei} this kind tends to go big
[14:35] {Threei} much bigger than a scalp, this is momo
[14:36] {Threei} even if you are not trading it, watch
[14:36] {Threei} memorize
[14:36] {Threei} we will have more of those come fall
[14:36] {Threei} first target hit, half out
[14:37] {Threei} so, learn to recognize them
[14:38] {Threei} and watch for patterns
[14:40] {Threei} TM DoT discloses 'cash for clunkers' data; TM is top seller with approx 19% of sales
[14:40] {Threei} new highs, pace increases again
[14:41] {Threei} second target approaches
[14:41] {Threei} 1:2
[14:41] {larisa} ever heard of Camarilla system? this is what is happening on BAC. from 16.79 support to 17.21 res. Traders short 17.21. if it breaks, the cover and watch for major break at 17.42. After breaking it : it can become runner. Well known system
[14:42] {larisa} just sharing :)
[14:42] {Threei} where do these numbers come from?
[14:42] {larisa} calculated in certain way
[14:43] {Threei} second target hit, .45, 1/4 more out
[14:43] {jmb} Thanks Vad
[14:43] {Threei} welcome
[14:43] {Threei} we end the week with a bang, not with a whimper
[14:44] {Threei} too bad Billy anf fern left
[14:44] {magoo} [14:07] {magoo} freakin BAC
[14:44] {magoo} [14:07] {magoo} B
[14:44] {magoo} [14:07] {magoo} A
[14:44] {magoo} [14:07] {magoo} C
[14:44] {Threei} your point is...?
[14:44] {larisa} lol
[14:44] {Threei} BAC Hearing strength being attributed to expected Master Trust data due out within next few days (17.39, +0.39, 2.29%)
[14:45] {nemo} aahhhhh,,,the old master trust data...
[14:45] {Threei} lol
[14:45] {Threei} btw, stop for the last piece is under .20
[14:46] {Threei} with other speculation circulating that Paulson and Co intend to hold on to recently disclosed holdings
[14:46] {Threei} of course he is so eager to telegraph his intentions to entire world
[14:47] {Threei} I am sure he will also tell us when he sells couple days in advance
[14:47] {_prth} thank you BAC:D
[14:47] {Threei} welcome
[14:48] {Threei} when you get familiar with these patterns to the degree they become practically "sure thing" to you, great fun will be:
[14:49] {Threei} grab 5-10K shares as close to support as you can,
[14:49] {Threei} and feed them out gradually as stock movesd through your targets
[14:49] {Threei} one such trade makes a week
[14:50] {Threei} Note: Master Trust data usually released in the middle of each month, expected early next week
[14:51] {Threei} oh, and get drunk while at it
[14:51] {Threei} works for magoo as you can see
[14:51] {magoo} hiccup
[14:51] {Threei} what he really meant was Bachus
[14:51] {_prth} VADDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD great call!!!!!!!!!!!!!!!!!!!!
[14:52] {Threei} there... drunkeness takes over
[14:52] {Threei} BACHUS, BACUS. Bacchus is a Lydian name for Dionysus, the Thracian fertility god. A son of Jupiter, he later became the god of wine
[14:53] {Threei} don't confuse for Spencer Thomas Bachus III
[14:53] {Threei} Republican member of the United States House of Representatives since 1993, representing Alabama's 6th congressional district.
[14:54] {Threei} sheesh... August IS a slow month
[14:54] {Threei} double tiop BACX
[14:54] {Threei} BAC
[14:54] {Threei} lost support between peaks
[14:56] {Threei} did we vindicate ourselves for yesterday's lacklustre 2 out of 5 or what
[15:02] {Threei} stop to under .30
[15:04] {larisa} have a good weekend pipl :)
[15:04] {Threei} you too larisa
[15:07] {Threei} and just who do you think is on TV?
[15:07] {nemo} Biden?
[15:07] {nemo} Gingrich?
[15:07] {nemo} Jesse Jackson?
[15:07] {Threei} one guess left
[15:07] {nemo} THE SAVIOR
[15:08] {Threei} ummm
[15:08] {Threei} actually...
[15:08] {Threei} :)
[15:39] {Threei} MTXX Hearing Boutique firm making positive comments [Agora Financial]
[15:40] {dino} over coffee and doughnuts
[15:40] {Threei} I've got a suggestion guys
[15:41] {Threei} let's have a great weekend
[15:41] {Threei} think we desrved?
[15:41] {Threei} thank you all,, take care, I'll see you on Monday
[15:42] {dino} cya 3i
[15:43] {magoo} ty vad

Labels: , , ,

Thursday, August 13, 2009

Aug 13 2009

Blah day again, even so we got the main direction right. 2 wins, 3 stops, then flurry of action came in LVS and MGM but was mostly for momentum traders, with no chance to call technically sound entries and exits.

Session Time: Thu Aug 13 00:00:00 2009

[08:36] {nemo} hi lari
[08:37] {larisa} gm :)
[08:42] {Threei} *INITIAL JOBLESS CLAIMS: 558K V 545KE; CONTINUING CLAIMS: 6.202M V 6.300ME
[08:42] {Threei} - Prior jobless claims revised from 550K to 554K
[08:42] {Threei} - Prior Continuing Claims revised from 6.310M to 6.343M
[08:44] {nemo} is it you, or the good twin?
[08:45] {Threei} hmmm
[08:45] {Threei} this is the question I ask my self every morning looking in the morning
[08:45] {Threei} self says, that's for you to decide
[09:00] {KSystems} good morning
[09:00] {nemo} Wie geht's heute?
[09:00] {KSystems} entspannt, so kurz nach dem urlaub
[09:00] {Threei} KS :)
[09:00] {fernp} good morning everybody
[09:00] {nemo} Wunderschoen
[09:00] {Threei} fern :)
[09:01] {nemo} Haben sie Reise gemacht/
[09:01] {nemo} ?
[09:01] {KSystems} jawohl :)
[09:01] {nemo} wohin
[09:01] {KSystems} samos
[09:02] {nemo} toll
[09:02] {KSystems} auf jeden fall!
[09:02] {nemo} Sie sind doch wieder in asylum zuruck
[09:02] {KSystems} lol
[09:03] {KSystems} im irrenhaus?
[09:03] {KSystems} ja, das kann man so sagen
[09:04] {nemo} Ja, und heute der Boesezwilling Vad ist der Leiter
[09:04] {wulff} leiblings
[09:04] {nemo} oh oh, schwuele wulff?
[09:05] {wulff} das verstehst ich nicht
[09:05] {Threei} who is for kicking these folks out?
[09:06] {cosmo} :)
[09:06] {Threei} oh, and nemo... now we know, it's me
[09:06] {Threei} not a good twin
[09:06] {fernp} lol
[09:07] {nemo} yeah, that's what I told K here: [09:04] {nemo} Ja, und heute der Boesezwilling Vad ist der Leiter
[09:07] {nemo} Wulff, wohnen Sie im Deutschland?
[09:08] {Threei} ok... this is becoming impolite
[09:08] {Threei} english please
[09:08] {nemo} Wullf, do you live in Germany?
[09:08] {nemo} better?
[09:08] {wulff} nein, im universitet hatt studiert
[09:09] {nemo} he said, no, he studied German at University.
[09:09] {wulff} aber nun spreche ich swedisch
[09:09] {cosmo} thx nemo
[09:09] {nemo} which is different from lernen, huh wulffy
[09:09] {wulff} yes true
[09:09] {nemo} wulff also speaks swedish
[09:10] {nemo} that's what's interesting about German, makes a great base for, Dutch Danish, and the norse languages
[09:11] {Threei} HGSI Hearing Leerink Swann making positive comments (timing uncertain)
[09:11] {Threei} - Note: Price Target raised to $30 from $16 at Leerink Swann on 8/11; Reiterates Outperform rating (16.21, 0.00, 0.00%)
[09:11] {wulff} actually confused the hell out of me, syntax wise
[09:12] {cosmo} GSIC
[09:12] {nemo} it was the same for english when you got into the mechanics. Ever try reading The Frankfurter Allgemeine Zeitung-that still hurts
[09:14] {nemo} I'm doing some poetry translations now. Ow...try getting poetic license in one language to sing in another. Oy weh!
[09:14] {Threei} poor jf
[09:14] {KSystems} nemo tell me anyone who isnt hurt by the FAZ
[09:15] {Threei} he suffered enough of my photos, now nemo'as poetry is waiting for him
[09:15] {dino} gm all
[09:15] {Threei} CIT Enters agreement with Fed (1.28, 0.00, 0.00%)
[09:15] {Threei} dino :)
[09:15] {nemo} When I worked at Henkel the German's hated reading it before coffee
[09:16] {nemo} no, I'm not translating to put on a website
[09:16] {Threei} adopts tax benefits preservation plan
[09:19] {dptl} good morning all
[09:19] {dptl} .
[09:19] {Threei} dp :)
[09:20] {Threei} watching HGSI and BAC
[09:20] {nemo} look at Rimm
[09:21] {Threei} what for?
[09:21] {nemo} chart formation?
[09:21] {Threei} RIMM volatility is not a good idea at the open
[09:29] {magoo} morn
[09:29] {Threei} magoo
[09:30] {nemo} what was that about RIMM!
[09:31] {Threei} watching BAC for entry pn pullback
[09:31] {Threei} desirably .55 - .60 area
[09:32] {Threei} Long Setup: HGSI .75 break half lot
[09:32] {nemo} stuck quote on bid @ .67
[09:32] {Threei} if stays above .60
[09:32] {Threei} Long Setup: BAC .70 break
[09:33] {Threei} if stays above .60
[09:35] {Threei} BAC elects pullback enty it seems
[09:36] {Threei} first strength from here
[09:36] {Threei} stop under .55 for scalpers, under .50 for day traders
[09:37] {Threei} market more weakness
[09:38] {Threei} no go BAC
[09:45] {Threei} Long Setup: RIMM .20 break half lot
[09:46] {patel} 72.05 stop
[09:47] {Threei} I'd prefer under 72
[09:47] {Threei} no worky
[09:47] {fernp} sigh
[09:48] {nemo} closing the gap
[09:50] {dino} sm s esi .49
[09:54] {nemo} Hey Vad, I thought the market was supposed to rocket into the stratosphere this morning :)
[09:57] {Threei} what made you think so?
[09:58] {nemo} kind of a joke: You always say market does opposite. Well, the world markets rocketed, futures were way up, and a little blip about unemployment claims BAM!!!
[09:59] {Threei} F Reportedly plans to increase Q3 production by 10K units (26.42, +0.20, 0.76%)
[09:59] {magoo} cant believe how bad RIMM trades anymore..hsater it piece of crap
[10:00] {Threei} *JUNE BUSINESS INVENTORIES: -1.1% V -0.9%E
[10:00] {Threei} - prior revised from -1.0% to -1.2%
[10:02] {Threei} Long Setup: WFC .40 break if stays above .30
[10:02] {Threei} aww
[10:02] {Threei} late
[10:02] {Threei} don't chase
[10:03] {Threei} see if pulls back under .40
[10:03] {dino} esi bstop to .52 stuck
[10:03] {Threei} grrr
[10:04] {dino} cov .37, +.12
[10:05] {magoo} u reading CAT vad
[10:05] {Threei} hesitated on 47 break
[10:06] {Threei} oh well
[10:10] {Threei} Long Setup: MXIM .75 break
[10:11] {dino} bobe sm l .90
[10:11] {patel} .58 or .67 for stops
[10:11] {Threei} under .65
[10:12] {Threei} CAAS...
[10:12] {Threei} momo stock
[10:12] {Threei} no technicals to it
[10:13] {Threei} if takes big offers at 8.80, has a good chance to break 10 and run
[10:13] {Threei} risky as hell
[10:13] {Threei} Yesterday 05:45 CAAS Reports Q2 $0.24 v $0.12e, R $62.5M v $48.8Me (2 est)
[10:13] {Threei} - Guides FY09 Rev +20% y/y (implying $195.8M v $186.6Me
[10:14] {Threei} 9.80 that was of course
[10:14] {Threei} GM CEO: August sales appear 'robust'; some signs starting to flash green - CNBC (17.89, +0.04, 0.22%)
[10:15] {nemo} offers piling up at .80
[10:15] {dino} cisg
[10:20] {dino} cisg sm s .75
[10:22] {magoo} in mxim
[10:22] {Threei} market is preparing for blastoff
[10:22] {Threei} unless my feel is completely off
[10:22] {Threei} which is a possibility of course
[10:22] {fernp} in MXIM
[10:23] {nemo} caas crashed
[10:23] {Threei} Reportedly US bankruptcy filings up 35% for the 12 months ended June 30, 2009
[10:23] {Threei} no it didn't
[10:23] {Threei} this is how it trades
[10:23] {dino} main street dies while markets rock, hmmmm
[10:23] {Threei} [10:13] {Threei} risky as hell
[10:24] {nemo} yep. .17 spread
[10:26] {Threei} MXIM over 1:1
[10:26] {fernp} ty Vad
[10:26] {Threei} half out or scalp
[10:26] {patel} ty
[10:26] {patel} i scalped it
[10:29] {magoo} outy .87 TY
[10:30] {Threei} Market Internals update at 10:30amET
[10:30] {Threei} - NYSE volume 125M shares, about 53% below its three-month average; decliners lead advancers by 1.1:1.
[10:30] {Threei} - NASDAQ volume 515M shares, about 4% below its three-month average; decliners lead advancers by 1.2:1.
[10:30] {Threei} - Note: NYSE has reportedly been having technical issues
[10:36] {magoo} any read AMZN vad?
[10:37] {Threei} looks long to me
[10:37] {Threei} but I am biased
[10:37] {Threei} I can't shake off the feeling of market preparing to roast da bears
[10:37] {magoo} i thought long too if IF mkt helps
[10:38] {magoo} mxim weird trader
[10:38] {magoo} not familiar with this beast
[10:38] {Threei} here comes the blast
[10:39] {magoo} amzn .30 cents
[10:39] {Threei} anyone went for WFC on pullback?
[10:40] {magoo} no but caught amzn
[10:42] {magoo} c'mon mkt another leg up
[10:43] {magoo} see vad..just ask nice
[10:45] {Threei} I hate it... a few shakeouts in the morning kept me from calling too many plays I saw later on
[10:45] {Threei} BC, 8.60 break long
[10:45] {Threei} CAT
[10:46] {Threei} CHKP
[10:46] {dino} cov cisg .15, +.60
[10:47] {dino} rovi
[10:47] {magoo} just call them boss and we keep stops ..if sets up
[10:47] {Threei} at any other moment, CHK 27.80 break would be irresistible
[10:47] {Threei} that's how I usually see it
[10:47] {magoo} have faith in your minyons
[10:48] {Threei} but these cries after 2-3 stops are demoralizing :)
[10:48] {nemo} what cries?
[10:50] {magoo} u know whats demoralizing
[10:50] {Threei} barber quartets?
[10:53] {magoo} fish
06[10:53] * magoo slaps Threei around a bit with a large trout
06[10:53] * nemo slaps magoo around a bit with a large trout
[10:53] {magoo} hey..what i do??
[10:54] {nemo} you're breathing
[11:01] {Threei} ECB reportedly moving towards a standardization of deposit guarantees for Euro Zone
[11:01] {Threei} - Sees 100K deposit coverage as appropriate (related XLF IXG )
[11:04] {dino} sm apol l .00
[11:23] {patience} nope...i'm looking at natural gas plays
[11:24] {dino} cisg waking up again
[11:25] {dino} wow snda down almost $20 in two weeks
[11:51] {dino} acad
[11:51] {Threei} no news that I see
[11:52] {dino} nor i
[11:57] {fernp} RF breaking hod
[12:02] {Threei} Long Setup: HIG .70
[12:03] {Threei} not a scalp for me
[12:03] {Threei} target closer to 20, quite possibly above
[12:07] {dino} darn acad was waiting s at .50
[12:21] {dino} cisg spike-r-oni
[12:27] {patel} what kind of stop u looking at for HIG
[12:27] {patel} below 19.60
[12:29] {Threei} I'd prefer .55, .60 may be a bit too stingy
[12:30] {Threei} but easy to trail as soon as next resistance is broken
[12:30] {Threei} which is .80
[12:32] {magoo} in hig-mont
[12:34] {fernp} in HIG too
[12:34] {patel} in HIG
[12:36] {magoo} need more form lynch mob if fails
[12:37] {dino} ipcm
[12:37] {nemo} jeez mags, putting enough pressure on poor Vad
[12:37] {magoo} he responds well too pressure
[12:38] {nemo} time for the rocket launcher Vad?
[12:38] {Threei} my response to pressure differs depending on time of the year
[12:39] {nemo} yeah, you might get dino collaterally
[12:39] {Threei} in August it's "good bye, see you after Labor day, when the volume and activity return. Until then, if you don't want to put up with sporadic activity, just take vacation"
[12:40] {Threei} I mean come on... aside of last year which was complete anomaly, have you ever seen t=radeable August?
[12:41] {Threei} if we are making 3 profitable days each week, we need to be highlighted in the next Guiness book
[12:41] {nemo} the beer?
[12:45] {dino} apol out .07, +.07, things' stuck
[12:49] {Threei} now that .60 successfully held the test, stop can be trailed
[12:52] {Threei} Preview: Treasury's $15B 30-year bond auction results due out just after 1PM ET
[12:52] {Threei} - $1B increase from the May auction
[12:52] {Threei} - bid-to-cover ratio at the May auction was 2.14
[12:53] {nemo} put tbt and tlt on your screens
[12:54] {Threei} oh btw, on ACAD:
[12:54] {Threei} ACADIA Pharmaceuticals Inc Ticking higher on speculation of positive results in upcoming release of phase 3 parkinsons disease trial
[12:54] {Threei} - on Aug 5, management said it remains on track to report top-line results from this Phase 3 pimavanserin trial during the third quarter. In May, ACAD, completed enrollment for the trial for patients with Parkinsons disease psychosis (PDP).
[12:56] {Threei} hope this auction won't screw up our HIG play
[12:56] {nemo} that's why I mentioned tbt
[12:58] {nemo} tbt dropping
[13:00] {patel} i went on and cut HIG for a +.04
[13:01] {nemo} tbt continues to drop auction must be goo
[13:01] {nemo} d
[13:01] {Threei} nice
[13:02] {Threei} - indirect bidders take 48.1% of competitive bids
[13:02] {Threei} - bonds draw 4.541%, 16.7% alloted at high
[13:03] {Threei} 1:1 HIG
[13:03] {fernp} i am out TY Vad
[13:03] {Threei} welcome
[13:03] {Threei} half out for me, acting according to a plan
[13:04] {magoo} u ever vary off the plan?
[13:04] {Threei} yes
[13:04] {Threei} but I need reason for it
[13:05] {magoo} like..if we drinking and u plan to get drunk..are we getting drunk?
[13:05] {Threei} and so far everything goes according to scenario
[13:11] {dino} sm s acad .50
[13:23] {dino} acad bstop to b/e
[13:26] {dino} brb
[13:26] {Threei} so, we got 2 out of 3 back, right?
[13:28] {Threei} if you all are asleep, I won't even bother looking for two more {G}
[13:28] {larisa} do not make them count :)
[13:28] {Threei} oh
[13:28] {Threei} I forgot
[13:28] {Threei} we are abakus-challenged
[13:28] {Threei} even though Raven thinks it's abacus
[13:35] {dino} cov acad .35, +.15
[13:35] {Raven} sigh
[13:38] {nemo} You want me to tell you about one I watched but didn't call?
[13:38] {Threei} why?
[13:39] {Threei} I mean, why yes
[13:39] {nemo} give you a chance to abuse me
[13:39] {Threei} as if I needed a reason
[13:39] {Threei} or excuse
[13:39] {nemo} Rimm when it dropped below 72.20
[13:40] {nemo} whacked up against the pivot a coupla times, saw it tested .15 acouple times, market was dropping, said it'll probably drop if it goes below .20
[13:40] {nemo} there, abuse me...
[13:40] {Threei} sure here goes
[13:40] {nemo} should I grab my ankles
06[13:41] * Threei forwards nemo's e-mail address in his reply to 80 latest smap e-mails, adds the text "please e-mail all these great offers to this guy, he will appreciate them greatly"
[13:42] {nemo} now that's beyond the pale...quite uncalled for...ridikulous
[13:43] {Threei} btw, speaking of great offers... fern, any chance you would drop to Tarragona on my behalf?
[13:43] {Threei} there is this big prize I won... but I must come to their office in person
[13:43] {Threei} to cailm it
[13:48] {dino} powi
[13:52] {nemo} I guess you can kick me some more on RIMM
06[13:59] * Threei sends nemo's address to 80 more spammers
[13:59] {fernp} Tarragona is not beatiful. Too many factories. Too much smoke
[14:00] {fernp} Andalucia is diferent. Much better. south of Spain
[14:00] {nemo} redemption: TCK might be a play here if it loses .20 again
[14:05] {Threei} guys, I just talked to dave about this GETCO thing
[14:06] {Threei} he will have some inetersting update fo us within nearest days
[14:06] {nemo} you take tck, it went 1:2
[14:13] {nemo} frickin RIMM
[14:16] {magoo} trades terribleanymore
[14:16] {magoo} i smashed my blackberry so pissed
[14:16] {nemo} no, it's been going down since I didn't call the short
[14:17] {nemo} tck gave .12 on .05 risk though
[14:20] {magoo} HIG bounce lord vader?
[14:20] {Threei} that's what AI am trying to time
[14:21] {nemo} c u 2 morow
[14:21] {Threei} don't wat to be too early, I've had my share of shakeouts for the next couple month
[14:21] {Threei} but inevitable outcome is, missing quite a few plays
[14:21] {Threei} take care nemo
[14:22] {magoo} in defense..its been tricky
[14:25] {Threei} in whose defense?
[14:31] {magoo} sigh
[14:32] {Threei} mags... if you are horrifyingly bored,
[14:32] {Threei} watch CAAS
[14:33] {Threei} .60 break... and if breaks .80, going to jump over 10 most liekly
[14:33] {Threei} if doesn't work, will kill you
[14:33] {Threei} but one thing is for sure: you won't be bored
[14:34] {magoo} odds?
[14:34] {Threei} 50.0076
[14:35] {magoo} himmmmm..not bad odds
[14:37] {Threei} of course... if all your prior encounters with odds theory were to jump from the Empite State building and see if you survive...
[14:39] {Threei} RF Ticks higher after Jim Cramer makes comments
[14:43] {dino} sm s hrs .55
[14:54] {dino} hrs bstop to .45
[14:55] {dino} cov .40, +.15
[14:59] {dino} sm s cisg .75
[15:02] {Threei} LVS Trading halted; news pending
[15:03] {Threei} I was thinking of long on it
[15:03] {Threei} good thing I skipped, lol
[15:03] {Threei} or not
[15:03] {patel} mgm is spiking
[15:04] {Threei} symapthy
[15:04] {Threei} but news is not known yet
[15:05] {Threei} MGM maybe a way to play LVS news when it comes out while LVS itself is still hatled
[15:06] {magoo} mgm already ripping up
[15:07] {Threei} and down
[15:07] {Threei} pure speculation at this point
[15:13] {dino} hrs sm l .25
[15:13] {magoo} BAC stronggggg
[15:16] {dino} cisg stopped ouch
[15:16] {Threei} AMGN Reportedly fails to win backing from FDA on preventive use of drug to prevent Osteoporosis
[15:16] {Threei} - Earlier received (5.77, 0.00, 0.00%)
[15:17] {Threei} Earlier received approval for use of Denosumab in treatment of Osteoporosis
[15:18] {patel} Speculation is that the LVS halt is likely due to an announcement that could improve the company's liquidity position -- possibly some sort of capital raising event (potentially an IPO of Maccau assets in Hong Kong Market, convertible bond offering, selling of a minority stake, or financing for stalled projects), or possibly a covenant waiver/amendment... The mentioned events are company specific in nature, but the casino stocks t
[15:18] {Threei} LVS Completes Amendment of Macau Credit Facility Las Vegas Sands Corp. Completes Amendment of Macau Credit Facility
[15:20] {Threei} lol, MGM is lost
[15:25] {dptl} have a good evening all
[15:25] {Threei} LVS opened
[15:27] {Threei} take care dp
[15:27] {Threei} now MGM found what to follow
[15:29] {Threei} wow
[15:30] {Threei} Amendment provides the company with important advantages, including the ability to sell a minority stakes
[15:30] {Threei} Market Internals update at 3:30pmET
[15:30] {Threei} - NYSE volume 475M shares, about 45% below its three-month average; advancers lead decliners by 1.4:1.
[15:30] {Threei} - NASDAQ volume 1.75B shares, about 3% below its three-month average; advancers lead decliners by 1.1:1.
[15:30] {Threei} - VIX index -1.3% to just over 25.00
[15:30] {Threei} - Note: NYSE has reportedly been having technical issues
[15:32] {dino} cisg monster rinse
[15:33] {dino} all day 3i
[15:34] {Threei} yeah
[15:34] {dino} yeah
[15:35] {jfjf64} good afternoon all
[15:35] {dino} :)
[15:35] {Threei} hey jf
[15:35] {jfjf64} how was day
[15:35] {Threei} blah
[15:35] {Threei} LVS bounce candidate
[15:36] {jfjf64} need somethin
[15:36] {jfjf64} .60 l
[15:37] {Threei} wow
[15:37] {Threei} mentioned it under .50
[15:37] {Threei} why chase so much?
[15:38] {jfjf64} out .66
[15:38] {Threei} oh I see...
[15:38] {Threei} you have an itch to scratch {G}
[15:38] {jfjf64} yup
[15:38] {Threei} AMGN FDA panel rejects drug for treament of bone loss in breast cancer
[15:38] {jfjf64} wife had me shoppin all day for trip
[15:39] {jfjf64} wow
[15:39] {Threei} IMO... both LVS and MGM are not done
[15:39] {Threei} but trade so gectically, it's pure momo
[15:39] {Threei} no technicals
[15:40] {jfjf64} what gectacally
[15:40] {Threei} hectically too
[15:40] {jfjf64} .80 l lvs
[15:41] {Threei} oh boy
[15:41] {larisa} lol
[15:41] {Threei} you chaser you
[15:41] {jfjf64} out .85
[15:42] {jfjf64} chicken little
[15:42] {jfjf64} look at this
[15:43] {jfjf64} did this stop tradin today
[15:43] {Threei} yes, was hatled earlier
[15:44] {jfjf64} s mgm .73
[15:44] {Threei} huh?
[15:44] {Threei} LVS goes above 14
[15:45] {Threei} MGM goes above .80
[15:46] {jfjf64} .82 was nice trigger mgm
[15:46] {Threei} here comes LVS
[15:46] {jfjf64} look at wynn
[15:46] {patel} what type of stop u looking at for LVS
[15:46] {Threei} where are you in?
[15:47] {patel} notr yet
[15:47] {Threei} oh
[15:47] {Threei} no no
[15:47] {patel} was lokoing over break of 14
[15:47] {Threei} 14 is not entry
[15:47] {Threei} no way
[15:47] {patel} ok
[15:47] {patel} lol
[15:47] {jfjf64} boy vegas is lookin good these days
[15:47] {jfjf64} easy patel
[15:47] {patel} jf, lets go hit the roulette tables
[15:48] {jfjf64} love too
[15:49] {jfjf64} vad we sd hv a little get together there for all ya reality family
[15:49] {Threei} I guess we need to find time and go over how you play this kmind of movements
[15:49] {Threei} actually, gotta do it anyway since we are likely to see more of those in the fall
[15:49] {Threei} in Vegas?
[15:49] {Threei} how about bahamas?
[15:49] {jfjf64} .73 s mgm
[15:50] {Threei} Freeport, january
[15:50] {jfjf64} luv set up
[15:50] {jfjf64} in
[15:51] {Threei} if .55 gets taken on CAAS, I am taking it overnight
[15:51] {jfjf64} sell
[15:53] {patel} at .54 right now
[15:55] {jfjf64} oh boy 5 min
[15:57] {jfjf64} out .77
[15:58] {jfjf64} 3 cent lose
[15:58] {dino} out hrs -.10, out bobe -.02
[15:58] {Threei} okay guys, have a good evening, see you tomorrow
[15:59] {larisa} see you :)
[15:59] {jfjf64} gn all
[15:59] {fernp} bye. good evening all
[16:00] {magoo} ok..ty all

Labels: , , ,

Wednesday, August 12, 2009

Aug 12 2009

We got the general direction of the market right but actual utilization of the read was tough - shakeouts prevailed on many stocks. Overall, I'd call it a draw.

Session Time: Wed Aug 12 00:00:00 2009

[08:30] {Threei} US) JUNE TRADE BALANCE: -$27B V -$28.7BE
[08:31] {BillyD} GM Vad
[08:32] {Threei} Billy :)
[08:34] {Threei} see JAZZ?
[08:34] {BillyD} yes
[08:35] {Threei} CYTR Drug Candidate INNO-206 Produces Statistically Significant Tumor Shrinkage in Animal Model of Small Cell Lung Cancer
[08:36] {Threei} CRY Receives FDA 510(k) Clearance for SynerGraft(R) Processed Human Cardiac Patch Material - Update (5.18, 0.00, 0.00%)
[08:50] {ese} morning vad ....will be with you all for a couple of hours at least.......
[08:51] {patience} take me with you ese...... :)
[08:51] {Threei} hi ese
[08:51] {ese} pack your bags......come on over
[08:51] {patience} :)
[08:52] {Threei} in case we get submerged into action later, have a safe trip and as much fun as you can squeeze
[08:52] {ese} needed to get my fix of you all before i left
[08:52] {Threei} into whatever time you have
[08:52] {ese} will do
[08:52] {patience} whole family going?
[08:53] {ese} no just me.....Vi High R&B band trip
[08:53] {cosmo} is that legal?
[08:53] {Threei} who finances those, if not a secret?
[08:53] {ese} when i get back they are picking me up at the airport in vancouver and we are all going up to Whistler for 5 days
[08:54] {patience} life is good :)
[08:54] {ese} We fund raised the whole to do it vad.....mostly shows
[08:54] {Threei} got it
[08:54] {cosmo} bigfoot country?
[08:54] {Threei} self-reliance
[08:54] {Threei} best thing
[08:55] {ese} I think thats more in the middle of the province cos
[08:55] {BillyD} He covers alot of terrotory ese
[08:55] {BillyD} territory
[08:56] {ese} Kootneys/Shushwap lake not sure
[08:56] {magoo} morn
[08:56] {Threei} magoo
[08:56] {BillyD} magoo
[08:59] {fernp} good morning everybody
[09:00] {BillyD} fern
[09:00] {Threei} fern :)
[09:07] {magoo} u watching jazz..cree vad?
[09:07] {Threei} JAZZ yes
[09:08] {ese} jaso.....getting beat up,,,nothing serious.....misssed by .01
[09:08] {magoo} got near 8 afterhrs
[09:09] {dptl} good morning
[09:09] {Threei} dp :)
[09:19] {dino} gm
[09:19] {cosmo} JAZZ pre mkt high = 7.95 far
[09:19] {Threei} dino :)
[09:20] {dino} es, have fun on vacation
[09:22] {ese} tks dino
[09:22] {larisa} not too much though, be safe :)
[09:23] {cosmo} keep a camera close by ...just in case
[09:25] {nemo} mornin
[09:25] {Threei} nemo :)
[09:26] {nemo} guess ej beat their numbers
[09:26] {magoo} TOL too vad..a watcher
[09:27] {patel} morning all
[09:27] {fernp} patel
[09:27] {Threei} patel :)
[09:28] {cosmo} ADCT
[09:28] {cosmo} tests high
[09:28] {dino} casket maker hi, quarterly profit down on mild pneumonia/influenza season
[09:28] {Threei} 06:02 ADCT Guides Q3 EPS $0.11-0.16 v $0.06e, Rev around $280M v $280. Me
[09:29] {Threei} 2:15pm FOMC Rate Decision
[09:30] {Threei} Long Setup: JAZZ .80 half lot
[09:30] {Threei} if stays above .60
[09:31] {dino} tol, bobe
[09:32] {Threei} fast trader JAZZ
[09:32] {dino} rtp
[09:33] {jfjf64} mornin all
[09:33] {Threei} jf :)
[09:34] {jfjf64} cat off 46.00 break
[09:34] {jfjf64} bad print .06
[09:35] {jfjf64} all out
[09:35] {jfjf64} omg
[09:36] {jfjf64} took 19 cents and pissed
[09:36] {cosmo} CREE : 34.60 pre mkt high
[09:37] {cosmo} fwiw
[09:38] {dino} tol sm s .10
[09:39] {Threei} Long Setup: JAZZ .55 if holding .40
[09:40] {Threei} Long Setup: CREE .50 if holding .35, half lot
[09:41] {magoo} in
[09:41] {jfjf64} .52 in
[09:42] {jfjf64} out ty
[09:42] {Threei} 1:1
[09:42] {BillyD} ty
[09:43] {patel} thanks 3i. nice trade
[09:43] {nemo} wow
[09:43] {magoo} jesus..missed exit
[09:43] {jfjf64} afl .65 break half
[09:45] {jfjf64} in .67
[09:46] {jfjf64} out afl 1/1
[09:47] {Threei} Long Setup: BC 9.55 break
[09:48] {jfjf64} half lot vad??
[09:48] {Threei} stop would be under .45 or .40
[09:49] {Threei} it's not overly thin
[09:49] {Threei} not horribly thick either
[09:49] {nemo} it's up 400% this month too
[09:49] {nemo} or in a month
[09:50] {BillyD} look at CROX chart
[09:50] {Threei} JAZZ, watching for double bottom
[09:50] {BillyD} want pullback myself
[09:50] {fernp} Vad, FITB if breaks 10.00?
[09:50] {Threei} .40 break aggressive entry JAZZ
[09:51] {jfjf64} lk it
[09:51] {Threei} I guess fern
[09:52] {jfjf64} jazz holdin ?
[09:52] {Threei} Long Setup: CAT 47 if holding above .90
[09:53] {ese} drys
[09:53] {Threei} no worky CAT
[09:53] {Threei} wow... nasty shakeout
[09:53] {patel} dang that was fast
[09:53] {jfjf64} in jazz
[09:55] {dino} cov tol .70, +.40
[09:56] {jfjf64} stop jazz
[09:59] {jfjf64} aig
[09:59] {jfjf64} any read vad
[09:59] {jfjf64} cat 47.00 break
[09:59] {Threei} looks up
[10:00] {Threei} .40 break maybe worth a try
[10:01] {Threei} CAT, that was rude
[10:01] {jfjf64} really super pissed
[10:01] {jfjf64} super pissed
[10:02] {jfjf64} grrrrrrrrrrrrrrrrrrr
[10:02] {dino} bobe sm l .35
[10:03] {jfjf64} ya going aig vadd looks nice
[10:03] {Threei} with stop under .25
[10:03] {jfjf64} finger on trigger
[10:05] {nemo} what's the trigger
[10:05] {jfjf64} in .43
[10:06] {jfjf64} lotta shares .45
[10:07] {BillyD} HGSI promising
[10:07] {jfjf64} any body else in aig
[10:07] {BillyD} not here
[10:08] {Threei} not anymorew jf
[10:08] {nemo} not anymore
[10:08] {jfjf64} lol lol
[10:08] {Threei} yes Billy but breaks don't really indulge us so far
[10:08] {jfjf64} shakeout?????????????????????
[10:08] {BillyD} agree vad, especially on this one
[10:08] {nemo} typical fomc day...sprint out of the gate slow fade to announcement
[10:09] {nemo} shakeout or WIPEOUT jf?
[10:09] {BillyD} we can short JAZZ
[10:09] {jfjf64} cat all day vad
[10:09] {jfjf64} .22 break here
[10:09] {Threei} yes but with shakeouts as soon as we enter {G}
[10:10] {nemo} cat looking short
[10:10] {Threei} WTO rules against China over music and movie piracy (related WMG TWX )
[10:10] {nemo} BFD...piracy is a way of life there
[10:10] {Threei} HGSI wakes up
[10:11] {jfjf64} invalid cat
[10:11] {dino} out bobe .69, +.34
[10:12] {nemo} laser fritzed on me again
[10:13] {jfjf64} aig vad bounce??
[10:13] {Threei} ?
[10:13] {Threei} don't know jf
[10:14] {dino} tol spike
[10:14] {Threei} laser is fine here nemo
[10:15] {jfjf64} looks good dino
[10:16] {Threei} guess who is on TV
[10:16] {jfjf64} axp 32.00 break
[10:17] {jfjf64} no likey axp
[10:18] {Threei} Goldman Sachs chief of global research Jim O'Neill: looking for the Fed to acknowledge economic gains in today's statement
[10:18] {Threei} - hopes the Fed will hold off on talking about specific exit strategies.
[10:18] {Threei} why?
[10:18] {Threei} I for one am interested to hear about their exit strategy
[10:19] {Threei} with secret hope they announce total exit... "we are headed for the door, no more Fed"
[10:19] {dino} i prefer silence
[10:19] {magoo} .
[10:19] {nemo} ?
[10:21] {Threei} market break is coming it feels
[10:21] {magoo} breakdown?or up?
[10:21] {Threei} up
[10:21] {magoo} read on cree?
[10:22] {cosmo} cree ...gee
[10:22] {Threei} none
[10:22] {magoo} make one up:)
[10:22] {Threei} sure
[10:22] {Threei} C
[10:22] {Threei} then R
[10:22] {Threei} then E
[10:22] {Threei} then, let me think...
[10:22] {magoo} read RIMM?
[10:23] {Threei} .20 break long
[10:24] {dino} panl l .91
[10:24] {jfjf64} aig .15 break here all in
[10:25] {Threei} you got RIMM mags?
[10:27] {jfjf64} cant break .15 aig
[10:28] {magoo} missed. went for coffeee
[10:28] {Threei} why do I bother answering
[10:29] {Threei} there were like 5 seconds between your question and my answer, and you managed to leave?? {G}
[10:29] {magoo} sorry..i thought u were going to throw out another sarcastic responsee
[10:29] {nemo} Vad's not like that
[10:29] {Threei} huh?
[10:29] {Threei} I am totally like that
[10:29] {Threei} what, you never met me?
[10:29] {magoo} THATS MY POINT
[10:29] {nemo} ME TOO...positive confirms the negative
[10:30] {nemo} Throw something nice out their and it repels you like the same poles of a magnet
[10:30] {Threei} DOE CRUDE: +2.5M V +1ME; GASOLINE: -827K V -1.2ME; DISTILLATE:+786K V +1
[10:32] {Threei} CAT pullback
[10:33] {Threei} either dive to .10 for entry
[10:33] {Threei} or .20 break if holding .15
[10:34] {jfjf64} in
[10:35] {fernp} me too
[10:35] {Threei} sigh
[10:36] {nemo} s1 is .04
[10:36] {jfjf64} grrrrrrrrrrrrrrrrr
[10:36] {Threei} what is it, let's shake all trees day?
[10:36] {nemo} FOMC
[10:37] {Threei} FOMC is non-event
[10:37] {Threei} no one cares
[10:37] {Threei} rates stays the same
[10:37] {BillyD} yeah, and how much can rate make a difference at this point
[10:37] {Threei} language will be the only thing that matters, and even that is negligible
[10:38] {magoo} l cat .13
[10:40] {magoo} no like
[10:41] {magoo}
[10:42] {jfjf64} 26 look gd aig vad??
[10:42] {Threei} well
[10:43] {Threei} chart wise yes
[10:43] {Threei} considering how they act today, questionable
[10:44] {jfjf64} got to gv shot
[10:45] {jfjf64} aig l 26 break
[10:45] {magoo} better shot is CREE
[10:49] {magoo} out CAT TY vad
[10:53] {Threei} nice move AIG
[10:57] {Threei} teleportastion
[10:58] {ese} Techniques of Tape Reading in an ebook version anywhere? Was just thinking i should have it on my iphone.
[10:59] {Threei} does it read pdf?
[10:59] {ese} i think so
[11:01] {Threei} dcc ese
[11:02] {Threei} HGSI worked after all
[11:02] {BillyD} yes, took for scalp
[11:03] {ese} just signing off for a little bit......catch you in a few mintes
[11:06] {dino} tol s .91
[11:06] {Threei} fern, you went for that FITB?
[11:06] {fernp} yes
[11:07] {dino} bobe sm l .35
[11:07] {dino} .34
[11:09] {BillyD} HIG is strong
[11:10] {magoo} news jazz vad..upgrade?
[11:10] {Threei} storng earnings and guidance
[11:12] {fernp} out FITB +.10
[11:14] {BillyD} this mkt trades tick by tick
[11:14] {dino} tol stopped -.11
[11:17] {cosmo} qqqq hod = 40 fyi
[11:17] {cosmo} nice round #
[11:17] {larisa} 50 is better :)
[11:17] {cosmo} soon...
[11:18] {cosmo} summer rally not over
[11:18] {larisa} unless it is my age, then I want 30 :)
[11:20] {cosmo} i'm stuck at 12
[11:20] {larisa} lol
[11:20] {cosmo} :)
[11:26] {cosmo} adct wants more, it seems
[11:31] {cosmo} ... if it can hold .55
[11:35] {cosmo} adct hod = 8.75
[11:42] {nemo} Is the paint dry yet
[11:42] {cosmo} checking
[11:46] {cosmo} paint never drys just gets stiffer...
[11:47] {larisa} took 4 min to check:)
[11:48] {Threei} well, you need to change your clothes to disposable ones, then sit on a painted surface...
[11:48] {Threei} then get up and check
[11:48] {larisa} what's HURN problem? accounting?
[11:48] {cosmo} because i had to be sure :)
[11:52] {Threei} HURN is one-two punch
[11:53] {cosmo} adct gonna test
[11:53] {magoo} look at wfc bac vad..strong
[11:53] {Threei} earnings,
[11:53] {Threei} then delay of filing on Aug 10
[11:53] {Threei} and to complete the circle of troubles, SEC investigation now
[11:54] {larisa} tks
[11:54] {Threei} BCRX Hearing strength being attributed chatter that US Dept of Health and Human Services (HHS) could soon issue positive determination on BCRX's Premavir as an H1N1 flu treatment (9.67, +0.53, 5.80%) (related SWINEX )
[11:55] {jfjf64} hig l .84
[12:04] {Threei} wsatching BCR for possible bounce
[12:06] {larisa} BCRX you mean?
[12:06] {magoo} u mean bcrx?
[12:08] {cosmo} ADC possible double top
[12:08] {Threei} yes...
[12:22] {magoo} still looking for a bounce in it?
[12:27] {Threei} yeah, but I hoped for pullback closer to .50 - .60 area
[12:36] {BillyD} HGSI mind of its own
[12:37] {Threei} and evilish mind it is
[12:37] {BillyD} it's tame today though
[12:37] {Threei} it pretends
[12:37] {BillyD} lol
[12:37] {Threei} anyone see this gal on TV saying
[12:37] {Threei} tax me tax me tax me
[12:38] {Threei} I hear beeee.... fleece me flece me fleece me... beeeeee
[12:46] {cosmo} adct tests and rolls over...into a coma, it seems
[12:49] {jfjf64} im goin to hv sm cocktails this is killin me
[12:49] {Threei} coma is killing you??
[12:49] {Threei} you must have hyperactivity disorder...
[12:50] {jfjf64} ya think see how i trade
[12:50] {cosmo} yea... and i have to walk the dogs before it gets to hot
[12:50] {cosmo} i'm getting that look....
[12:50] {BillyD} they growling
[12:51] {jfjf64} what part of country ya in cosmo
[12:51] {cosmo} whining san diego
[12:51] {jfjf64} comon
[12:51] {nemo} stfu
[12:52] {jfjf64} best weather in world
[12:52] {cosmo} not me... the dogs
[12:52] {larisa} lol
[12:52] {BillyD} lol
[12:53] {jfjf64} bombay martini callin my name see ya guys be careful
[12:54] {Threei} best weather in world?
[12:54] {nemo} yeah
[12:54] {Threei} scorched earth...
[12:54] {jfjf64} i say
[12:54] {nemo} no SD is very temperate
[12:54] {magoo} make magoo 1 jf
[12:54] {jfjf64} ya not thinkin moscow mr vad
[12:54] {Threei} nemo... ever visited in the summer?
[12:55] {nemo} SD...yes
[12:55] {BillyD} Vad, the more inlamd in SD it becomes like desert
[12:55] {Threei} I know
[12:56] {Threei} well... then I'll have to question your definition of "temperate" {G}
[12:56] {nemo} well, my buddy does live near the water
[12:56] {Threei} ahha
[12:57] {Threei} unlike the remaining 99% of SD population :)
[12:57] {Threei} CROX...
[13:00] {ese} am back for a little bit.....
[13:00] {ese} vad tks
[13:00] {ese} got the email
[13:01] {Threei} :)
[13:02] {Threei} US) White House Press Sec Gibbs: Executive pay must be based on "value provided
[13:05] {nemo} were those auction results Vad? not much effect if so
[13:06] {Threei} you lost me
[13:07] {Threei} I post auction results... you ask were those auction results?
[13:07] {Threei} I have three version of answer
[13:07] {Threei} yes
[13:07] {Threei} no
[13:07] {nemo} sometimes you post what happened last time before the results, so I was just making sure...OH STUFF IT!
[13:07] {Threei} don't know
[13:07] {Threei} pick any :)
[13:07] {nemo} How about, "perhaps"
[13:08] {Threei} there... you came up with 4th, all on your own
[13:08] {Threei} pick out of 4 now
[13:08] {nemo} having said that, TBT reacted strongly
[13:09] {dino} we were asleep on tbt
[13:10] {Threei} sorry... YOU were asleep on TBT
[13:10] {nemo} yeah, gave plenty of time to hop in
[13:10] {Threei} I for one was alseep on eerything
[13:11] {dino} you get it?
[13:12] {Threei} lol... no
[13:12] {nemo} no, I looked just before I im'd. We gotta' have a plan for these days
[13:30] {ese} am outta here ladies and gentlemen......if i can log in while in Denmark i will.......take care will see you in 2 weeks or so
[13:31] {BillyD} enjoy ese
[13:31] {nemo} don't flush the toilet over Mass
[13:31] {ese} and......good trading!!!
[13:31] {cosmo} back ...barely
[13:31] {ese} will try not to nemo
[13:31] {cosmo} its getting scorched out there
[13:32] {Threei} enjoy your trip ese
[13:32] {fernp} have a nice trip ese
[13:33] {cosmo} stay away from the berry patches
[13:42] {Threei} Preview: FOMC rate decision and statement due out around 2:15pmET
[13:42] {Threei} **the FOMC is expected to hold rates again at 0.25% today, and consensus expectation seems to be that the committee will be reluctant to make serious modifications to its accompanying statement for fear of rocking the boat. The Fed has observed the recent improvements in data such as the pick-up in home sales, and the pace of job losses decreasing, and the optimism exemplified by the rising stock market. This should allow the FOMC to take more of a wait and see stance at this meeting, and the statement will likely repeat its forecasts for "exceptionally low levels of the federal funds rate for an extended period" and "inflation will remain subdued for some time."
[13:43] {Threei} The FOMC's commentary on its asset purchase programs will be a major focus, particularly the $300B Treasury purchase program that it announced in March and is expected to be fully exhausted by mid-September. In his Congressional testimony last month, Bernanke declined to announce the fate of the program only stating that it is a "continuing topic of discussion for the FOMC." The Fed could comment today on whether it will extend or conclude the program in September, but it could also choose to stay silent on the future of the program, relying on the open ended language of the prior statement that the committee "will continue to evaluate the timing and overall amounts of its purchases of securities in light of the evolving economic outloo
[13:43] {Threei} outlook" and will "make adjustments to its credit and liquidity programs as warranted." The Fed announcing a replenishment of the Treasury purchase program would likely be considered a surprise move (but be reminded BOE surprised markets with a 50B increase in its quantitative easing program last week). The Fed could also move to extend its TALF program as an incremental step today.
[13:49] {Threei} Preview: July Monthly Budget Statement due out at 2pmET
[13:49] {Threei} **consensus expectation: -$180Be v -$102.8B prior
[13:55] {Threei} CROX just won't quit
[13:56] {BillyD} hard to daytrade though with its pullbacks, never know which break gonna be good
[13:57] {BillyD} at least for me
[14:00] {Threei} JULY MONTH BUDGET STATEMENT: -$180.7B V -$180BE
[14:10] {Threei} Market Internals update at 2:00pmET
[14:10] {Threei} - NYSE volume 610M shares, about 7% below its three-month average; advancers lead decliners by 5.2:1.
[14:10] {Threei} - NASDAQ volume 1.27B shares, about 10% below its three-month average; advancers lead decliners by 2.7:1.
[14:10] {Threei} - VIX index -1.75% to just over 25.50
[14:16] {dino} no change
[14:16] {Threei} UNCHANGED; will gradually slow purchases through Octobe\
[14:17] {Threei} Vote was unanimous
[14:17] {Threei} - Reiterates inflaiton will remain low for some time
[14:18] {Threei} TBT, if you are fast is scalpable
[14:18] {Threei} teleportation idea
[14:18] {Threei} no breaks
[14:19] {patience} ty vad, although i still feel dumber than a doornail not knowing what market is doing yet. personally i see red days ahead.
[14:20] {Threei} .07 - .25 scalp
[14:21] {Threei} market is doing its usual thing, IMO
[14:21] {Threei} killing last remaining bears
[14:21] {Threei} topping action, rude and violent,
[14:21] {patience} tsx is dropping
[14:21] {Threei} when bears give up market reverses
[14:22] {Threei} .06 - .20
[14:22] {Threei} getting the rythm of these moves?
[14:23] {BillyD} on TBT?
[14:23] {Threei} yes
[14:23] {larisa} I do not understand this kind of play, spikes both ways , how in the world can you react or predict :)
[14:24] {Threei} pbserve them larisa
[14:24] {Threei} they have pattern
[14:25] {nemo} .
[14:26] {nemo} am I still here
[14:26] {larisa} yes
[14:27] {dino} no
[14:27] {larisa} perhaps :)
[14:27] {Threei} rofl
06[14:28] * Threei high-fives larisa who seem to successfully reach his, Threei's, level of sarcasm
[14:28] {Threei} it's just such perfect follow-up to
[14:28] {Threei} [13:07] {nemo} How about, "perhaps"
[14:29] {nemo} D P W F L
[14:47] {nemo} still in coma
[14:52] {Threei} watching BC for double bottom
[14:52] {Threei} .75 long
[14:52] {nemo} Ground Hog Day
[14:53] {nemo} half or full
[14:53] {Threei} does it look very thin to you?
[14:53] {nemo} no, but you called "half" on it this morning
[14:54] {Threei} that wass volatility of the morning
[14:55] {Threei} scalpers get out here
[14:55] {Threei} daytraders half out
[14:55] {fernp} out in .77 out .86 TY
[14:55] {magoo} vad..u really nailed the bear trap theory..NIVCE
[14:56] {Threei} thank you
[14:56] {Threei} just don't call me Nivce anymore, deal?
[14:56] {magoo} and that was while the mkts were tanking
[14:56] {dino} who is this vad you speak of?
[14:56] {Threei} hehe
[14:57] {Threei} daytraders, feel free to exit BC here in full
[14:57] {Threei} 25 cents out of nowhere, gift to be taken
[14:58] {dino} sounds like livermore
[14:58] {larisa} ok, no ' setup" word that i have on alert..
[14:58] {fernp} nice call Vad
[14:58] {Threei} sorry larisa
[14:58] {jmb} thanks Vad
[14:58] {Threei} jmb :)
[14:58] {nemo} [14:52] {&Threei} watching BC for double bottom
[14:58] {nemo} [14:52] {&Threei} .75 long
[14:58] {nemo} nope
[14:59] {Threei} where is jf... no smile policy has been caanceled, and he is not here
[14:59] {Threei} NY Fed: reduced size and frequency of Treasury purchases to be begin on Aug
[14:59] {larisa} guess will add "long" and "short" to the list:)
[15:02] {Threei} wow
[15:02] {Threei} that's a bit more than I had expected form BC
[15:02] {Threei} double bottom action is usually good, but not THAT good
[15:02] {Threei} total rocket
[15:03] {nemo} rimm fas tck fcx all rocketed too
[15:04] {Threei} guess who is coming on TV
[15:04] {nemo} Hillary?
[15:04] {Threei} you wish
[15:04] {nemo} not really...Palin was cute though
[15:07] {dptl} have a good evening all
[15:08] {Threei} take care dp
[15:14] {dino} out bobe .60, +.26
[15:20] {wulff} Hey all. What did I miss?
[15:20] {nemo} coma
[15:21] {Threei} since I prefer my memory to have a span of a moth, I'll say one great play on BC
[15:21] {Threei} I will conviniently forget all the mixed bag of invalidated, stopped and slightly working ones before
[15:22] {Threei} anyone who wants to remind me, don't even bother - I'll prtened I am deaf
[15:22] {nemo} blind too?
[15:22] {Threei} of course
[15:40] {BillyD} mkt spikes and then jsut stalls
[15:40] {BillyD} just
[15:51] {BillyD} CRY get more news?
[15:52] {Threei} not that I see
[15:52] {BillyD} some spike
[15:52] {jfjf64} cof l .72
[15:55] {jfjf64} lets go
[15:56] {Threei} CRY... what the deuce
[15:56] {BillyD} tempted but not crazy enough to try it
[15:57] {jfjf64} out
[15:57] {jfjf64} + 5 cents
[15:57] {jfjf64} gettin late
[15:57] {Threei} yeah
[15:57] {jfjf64} lk lk gnaa go
[15:58] {jfjf64} 1/1 damn
[16:00] {Threei} okay guys, thank yoku all
[16:00] {Threei} have a nice evening
[16:00] {Threei} see you tomorrow
[16:00] {magoo} ty vad
[16:00] {BillyD} u 2
[16:00] {jfjf64} enjoy all
[16:00] {nemo} gnite

Labels: , , ,

Tuesday, August 11, 2009

Aug 11 2009

With couple nice shorts in RIMM, longs in AIG, a few scalps and couple stops - just another day in the office.

Session Time: Tue Aug 11 00:00:00 2009

[08:37] {wulff} Anyone awake?
[08:37] {Threei} this is the question I ask myself for the last 5 minutes... all I get in response is resounding no
[08:38] {BillyD} GM all
[08:38] {Threei} Billy :)
[08:38] {BillyD} HGSI
[08:38] {Threei} but then again wulff... my inner voices have been caught on lying to me a few times
[08:38] {BillyD} was on my list from yesterday
[08:38] {wulff} Kids started school yesterday
[08:38] {wulff} so I'm up at 6:30, eastern time every day now
[08:39] {Threei} [13:36] {Threei} havce a look at HGSI daily guys
[08:39] {Threei} [13:37] {Threei} IMO, shapes up as a play in the future
[08:39] {Threei} [13:37] {Threei} goes through toght consolidation under 15 on disappearing volume
[08:39] {BillyD} that is what alerted me
[08:39] {Threei} was I right or what
[08:40] {BillyD} 30 upgrade helps
[08:40] {Threei} 8:22:49 AM
[08:40] {Threei} Human Genome Sciences Inc Price Target raised to $30 from $16 at Leerink Swann
[08:44] {Threei} Short Percent of Float 13.28 %
[08:44] {Threei} Short % Increase / Decrease 29.43 %
[08:44] {Threei} squeeze candidate
[08:49] {Threei} is it free for all time or what
[08:49] {Threei} who ever heard of Tudor Pickering?
[08:49] {Threei} 08:46 AM [BEXP] Shares raised to Accumulate from Hold at a boutique firm (Tudor Pickering)
[08:50] {Threei} look at the gap
[08:50] {Threei} let's try...
06[08:50] * Threei issues upgrade to CIT, target $1,254
[08:51] {Threei} no effect...
06[08:51] * Threei abandons hope to retire in 5 minutes
[08:55] {BillyD} no career as analysts vad
[08:55] {Threei} obviously not
[08:55] {BillyD} you have no following with upgrades
[09:00] {magoo} morn
[09:00] {Threei} magoo :)
[09:01] {BillyD} magoo
[09:01] {BillyD} maggo, have a question for you
[09:01] {BillyD} in Laser, what route strategy do you use
[09:01] {BillyD} magoo
[09:02] {magoo} naz
[09:02] {magoo} and if its having issues{rare} go to arcaf
[09:02] {magoo} arca
[09:02] {BillyD} ok, and in the menu do you have INET strategy checked and to what strategy
[09:02] {magoo} but nasdac first choice
[09:03] {magoo} in trade settings?
[09:04] {magoo} billy?
[09:04] {BillyD} no, in the menu at top of software window where it says route after Quote
[09:04] {Threei} you probably have different versions
[09:04] {cosmo} any 'smart routing' in those settings?
[09:04] {BillyD} maybe
[09:05] {Threei} that's default cosmo
[09:05] {larisa} gm :)
[09:05] {Threei} larisa :)
[09:05] {cosmo} default sounds boring
[09:05] {Threei} but it's smart
[09:05] {cosmo} lars:)
[09:06] {BillyD} it would be nice to know exactly how the routes worked
[09:06] {cosmo} yea... it always seems to work that way.....
[09:06] {larisa} vad, cosmo, Billy :)
[09:06] {BillyD} larisa :)
[09:06] {Threei} you set it in Trade Settings Billy
[09:06] {Threei} this is where you have power over that mysterious "default"
[09:07] {magoo} billy, up there,,if go to route strategy inet, opens window..cxheck strategy STGY
[09:07] {magoo} but stting in lev 2 important
[09:07] {Threei} right click on Level 2
[09:07] {BillyD} ok magoo
[09:08] {Threei} look for section saying Default
[09:08] {magoo} that help??
[09:08] {BillyD} is it a tab Vad
[09:08] {Threei} no, Tab is General
[09:09] {Threei} middle roughly,
[09:09] {Threei} Default Method
[09:09] {Threei} for NASDAQ and Listaed
[09:09] {BillyD} ok
[09:09] {BillyD} should I check this and what does it do
[09:09] {dptl} good morning all
[09:10] {nemo} mornin'
[09:11] {BillyD} Vad? on default
[09:11] {Threei} dp :)
[09:12] {Threei} oh, and while you are there,
[09:12] {magoo} in default, in naz box
[09:12] {magoo} write inet
[09:12] {Threei} make sure all Route Out boxes are checked
[09:12] {fernp} good morning everybody
[09:12] {Threei} fern :)
[09:13] {cosmo} why would you 'not' want to check those boxes?
[09:13] {Threei} no reason
[09:13] {cosmo} hmm
[09:13] {Threei} wel, there is
[09:13] {BillyD} it won't allow me to type in the Naz box magoo
[09:14] {Threei} but it's not for our style of trading
[09:14] {cosmo} oh
[09:14] {Threei} Billy, when you clicked in that box, hit Backspace
[09:14] {Threei} and hold it for a few seconds
[09:14] {Threei} then try to type again
[09:14] {magoo} are u in trade sttings?
[09:15] {ese} hello baaayba......thats my elvis greeting
[09:15] {Threei} ese :)
[09:15] {Threei} sorry... elvis :)
[09:15] {ese} morning vad
[09:15] {BillyD} got it now, do I check the Follow level 2 box?
[09:16] {Threei} not checked here... not sure what it does
[09:16] {magoo} no
[09:16] {Threei} you may want to ask dave about that
[09:16] {BillyD} ok, thx guys
[09:16] {magoo} and on route out section..check all rtes
[09:16] {magoo} in reserve section..leave all UNchecked
[09:16] {BillyD} got it thx vad & Magoo
[09:17] {BillyD} one more ???
[09:17] {BillyD} sometimes in the premkt
[09:17] {Threei} well, reserve... I have them checked... that's up to you
[09:17] {BillyD} the Naz route won't hit bids or offers from EDGX....have you noticed this???
[09:18] {magoo} its slower vad...
[09:18] {magoo} i asked dave
[09:18] {magoo} uncheck them..its for if u trading 200k shjares'
[09:18] {Threei} may be because your EDFX route out was not checked Billy
[09:18] {BillyD} could be, hopefully works now
[09:18] {Threei} EDGX
[09:20] {magoo} thats why
[09:21] {BillyD} could be why I could never get a BATS fill either
[09:21] {nemo} Vad do you default your route out to "Smart"?
[09:22] {patel} Good Morning
[09:23] {Threei} nemo... where?
[09:23] {Threei} patel :)
[09:23] {nemo} on LII
[09:24] {Threei} this is not where default is set
[09:25] {magoo} HGSI vad
[09:25] {nemo} I turn the route on, and as a rule leave it on "Smart"
[09:25] {Threei} yes mags, on watch for possible short squeeze
[09:25] {Threei} [08:40] {Alert} Threei Human Genome Sciences Inc Price Target raised to $30 from $16 at Leerink Swann
[09:25] {Threei} [08:44] {Alert} Threei Short Percent of Float 13.28 %
[09:25] {Threei} [08:44] {Alert} Threei Short % Increase / Decrease 29.43 %
[09:25] {Threei} [08:44] {Alert} Threei squeeze candidate
[09:26] {ese} heres an old fan favorite...NUAN.Reports Q3 $0.26 v $0.25e, R $241M v $250Me
[09:26] {Threei} [08:39] {Alert} Threei [13:36] {Threei} havce a look at HGSI daily guys
[09:26] {Threei} [08:39] {Alert} Threei [13:37] {Threei} IMO, shapes up as a play in the future
[09:26] {Threei} [08:39] {Alert} Threei [13:37] {Threei} goes through toght consolidation under 15 on disappearing volume
[09:26] {Threei} [08:40] {Alert} Threei was I right or what
[09:27] {Threei} NUAN doesn't look too happy
[09:27] {ese} nope
[09:28] {ese} definately right chief
[09:28] {jfjf64} what up traders
[09:29] {wulff} nice drop in HGSI
[09:29] {Threei} 15.72 is previous high
[09:31] {Threei} SEED...
[09:31] {Threei} 7:03:08 AM
[09:31] {Threei} Origen Agritech Ltd. Reports Q3 $0.48 v $0.38 y/y; R $69.9M v $71.5M y/y
[09:31] {Threei} - Reaffirms FY09 revenue forecast (RMB 550M-580M)
[09:31] {Threei} AVNR
[09:31] {Threei} 7:00:18 AM
[09:31] {Threei} Avanir Pharmaceutical Releases positive Phase III results for Zenvia in pseudobulbar affect (PBA)
[09:31] {Threei} - States the investigational drug Zenvia (dextromethorphan/quinidine) met its primary efficacy endpoint in the treatment of pseudobulbar affect (PBA) in the confirmatory Phase III STAR trial. Both Zenvia 30/10 mg and 20/10 mg provided a statistically significant reduction in episode rates over the course of the study when compared to placebo (p{0.0001).
[09:34] {jfjf64} .49 l rimm
[09:36] {Threei} Long Setup: COIN .50 break
[09:36] {jfjf64} half lot 25 cent stop
[09:36] {Threei} if stays above .40
[09:36] {nemo} too fast
[09:36] {dino} rtp still gettng crushed
[09:37] {Threei} hmmm... some execution problem for me
[09:37] {Threei} anyone got it?
[09:37] {nemo} my system is frozen
[09:37] {BillyD} no, it was already passed .50 when pulled up
[09:37] {fernp} not here
[09:37] {Threei} it pulled back
[09:37] {Threei} right into trigger
[09:37] {dino} magoo's down too
[09:38] {jfjf64} invalid rimm
[09:38] {jfjf64} avnr
[09:39] {jfjf64} 4.00
[09:39] {laserdave} anyone who has laser issues
[09:39] {laserdave} we should be coming up shortly
[09:40] {Threei} give us updates dave
[09:40] {laserdave} will do
[09:40] {laserdave} there is a connection issue
[09:40] {laserdave} will post more as soon as i know
[09:40] {BillyD} thx dave
[09:41] {laserdave} np
[09:42] {Threei} Long Setup: HGSI .50 break if holsding above .30
[09:46] {jfjf64} lets go hgsi
[09:46] {wulff} close but no cigar
[09:47] {Threei} no triggy no playa
[09:47] {BillyD} Vad, we are still down right
[09:47] {nemo} no beach?
06[09:47] * Threei points to dave
[09:47] {jfjf64} hmmm no breakouts
[09:48] {jfjf64} put ya pullback hat on vad
[09:48] {cosmo} breakdowns maybe
[09:48] {BillyD} there is just seling pressure jf yesterday and today so far
[09:48] {Threei} Short Setup: RIMM .20
[09:49] {Threei} if stays under .35 - .40
[09:49] {Threei} Long Setup: HGSI .85
[09:49] {Threei} if stays above .65
[09:50] {Threei} HGSI invalidated
[09:50] {jfjf64} fades workin
[09:51] {Threei} fade'em then
[09:51] {Threei} I say fade the suckers till it hurts
[09:51] {jfjf64} hgsi
[09:51] {jfjf64} in
[09:51] {larisa} .64 .84 thans vad on HGSI
[09:52] {Threei} aggressive entry?
[09:52] {jfjf64} 1/1
[09:52] {larisa} you alerted, my system gave signal. team work :)
[09:53] {jfjf64} out
[09:53] {Threei} best way
[09:53] {jfjf64} ty
[09:53] {cosmo} default?
[09:53] {jfjf64} rimm
[09:53] {cosmo} ...sorry
[09:54] {Threei} RIMM gave a fade signal
[09:54] {Threei} do you fade when the fade comes calling?
[09:54] {wulff} was late on RIMM by seconds, arghhh
[09:54] {jfjf64} never
[09:54] {dino} hgsi l .95
[09:54] {nemo} Vad, you mean pulling a Chaeron?
[09:54] {Threei} right
[09:54] {nemo} ahhh
[09:54] {jfjf64} liked .47 break
[09:55] {jfjf64} look at x vad
[09:55] {jfjf64} .57 break
[09:56] {Threei} with stop under .50
[09:56] {ese} RIMM lookin good still in?
[09:56] {Threei} why not... I'd take this kind of setup on risk alone
[09:56] {jfjf64} never took it
[09:56] {Threei} but it's invalidated
[09:57] {fernp} WFC double bottom
[09:57] {Threei} yes
[09:57] {Threei} .80 break
[09:57] {ese} were you in earlier at .49 or .50
[09:57] {jfjf64} 1/1 x
[09:57] {nemo} I still can't order
[09:58] {jfjf64} done all
06[09:58] * Threei slaps laserdave around a bit with a large question mark
[09:59] {nemo} guess it's a good thing I didn't on wfc
[10:00] {nemo} No, I can't place orders
[10:00] {nemo} rebooted too
[10:00] {jfjf64} hig vad
[10:00] {Threei} JUNE WHOLESALE INVENTORIES: -1.7% V -0.9%E
[10:00] {jfjf64} .25 break
[10:00] {Threei} AUG IBD/TIPP ECONOMIC OPTIMISM: 50.3 V 50.0E
[10:01] {nemo} anybody else still having a problem with Laser?
[10:01] {jfjf64} didnt tk it with market sellin off
[10:02] {dptl} yes nemo
[10:02] {Threei} nemo... just wait for update from dave
[10:02] {BillyD} yes nemo
[10:02] {BillyD} sit back and paper trade
[10:02] {nemo} I wish I still drank
[10:03] {jfjf64} any hig read vad
[10:03] {Threei} long
[10:04] {ese} ya me tooooo hick!
[10:07] {jfjf64} faz 27 break if market keeps sellin
[10:08] {Threei} FMCN Hearing renewed takeover chatter circulating (9.85, +0.14, 1.44%)
[10:08] {Threei} long time no see FMCN
[10:08] {Threei} interesting daily
[10:09] {Threei} Rochdale's Dick Bove recommends taking short term profits in banks (timing uncertain)
[10:09] {Threei} - comments that bank stocks are running on fumes (related XLF )
[10:10] {jfjf64} hgsi
[10:11] {Threei} Long Setup: RIMM .40 break
[10:12] {jfjf64} in
[10:12] {jfjf64} .43
[10:12] {dino} outr hgsi .11 +.16
[10:13] {patel} stop is .25 correct
[10:13] {Threei} or .20, depending on your objectives
[10:14] {Threei} both are valid
[10:14] {patel} okay thanks
[10:14] {Threei} 1:1
[10:14] {Threei} 1:1 for wider stop too
[10:14] {jfjf64} all out ty
[10:16] {nemo} wfc looking long
[10:16] {jfjf64} no smiley face vad
[10:16] {patel} nice call Threei
[10:16] {Threei} ty
[10:16] {Threei} I decided I won't smile today jf
[10:16] {nemo} can't trade, no smile
[10:17] {jfjf64} thats not my fault
[10:17] {Threei} not related to trading
[10:17] {Threei} not related to anything actually
[10:18] {Threei} just trying on no smile policy
[10:18] {jfjf64} tk half day go tk sm pictures relax
[10:18] {Threei} tomorrow it's likely to be no running with scissors policy
[10:18] {Threei} which will be hard on me, I like to do that...
[10:19] {jfjf64} look agm ya lk 11 break
[10:20] {jfjf64} ty
[10:20] {Threei} nah
[10:21] {ese} anyone know the symbol for British Airways is?
[10:21] {ese} it trades on the NYSE doesn't it?
[10:21] {Threei} BAIRY
[10:22] {dino} esi sm s .85
[10:22] {ese} tks
[10:22] {Threei} not on NYSE I believe
[10:23] {jfjf64} faz settin up
[10:23] {jfjf64} in .03
[10:24] {jfjf64} need bounce
[10:24] {jfjf64} ty
[10:25] {jfjf64} 1/1
[10:25] {jfjf64} half out
[10:25] {Threei} good one
[10:25] {jfjf64} stop to .13
[10:26] {jfjf64} stop to .25
[10:26] {jfjf64} 1/4 out
[10:27] {jfjf64} stop to .20 last piwec
[10:27] {Threei} wtg
[10:28] {jfjf64} will hold
[10:28] {jfjf64} .35 stop
[10:29] {jfjf64} .40 stop
[10:30] {Threei} watching RIMM for breakdown play
[10:30] {jfjf64} yeahhhhhhhhhhhhhhhhhhh
[10:30] {Threei} 72 break is obvious one but I'd prefer short on the bounce
[10:30] {Threei} somewhere around .20
[10:30] {jfjf64} done faz
[10:31] {laserdave} hey guys
[10:31] {laserdave} just so u knwo they are working as fast as they can
[10:31] {laserdave} they think they got it figured out
[10:31] {laserdave} and should be up soon
[10:31] {laserdave} thanks for your patience
[10:31] {BillyD} cool
[10:31] {Threei} thank you dave, give us a shout when you know more
[10:32] {Threei} or when you don't
[10:33] {Threei} resistance to place stop is .25 - .50 on RIMM
[10:33] {jfjf64} faz 27 break if market keeps sellin
[10:33] {Threei} exact entry is tough to call
[10:33] {Threei} jf?
[10:33] {ese} pcln still carrying on from yesterday...up another 2.50
[10:34] {jfjf64} tried doin copy and paste from earlierr no can do
[10:34] {Threei} your last statement sounds too contradictionary for a sober trader
[10:34] {BillyD} does FAZ do opposite of overall mkt
[10:34] {Threei} FAZ moves opposite to market
[10:34] {jfjf64} gimme a smly face vad
[10:34] {Threei} but policy?...
[10:35] {Threei} still in effect
[10:35] {dino} pcln crazy es
[10:35] {jfjf64} boy oh boy 40 cent trade
[10:35] {jfjf64} lol
[10:35] {Threei} let's do a compromise entry on RIMM
[10:35] {dino} cov esi .40, +.45
[10:35] {Threei} Short Setup: RIMM .10 break
[10:36] {Threei} if stays under .25
[10:36] {jfjf64} in
[10:36] {dino} rimm wants 70 imo
[10:37] {Threei} 1:1
[10:37] {Threei} and more to come
[10:37] {jfjf64} nice call
[10:37] {patel} nice call
[10:37] {patel} thanks threei
[10:37] {Threei} not smiling
[10:37] {Threei} just nodding manly
[10:37] {patel} BOOYAH from mississippi
[10:38] {jfjf64} aall out
[10:38] {Threei} with this restrained expression of a gunslinger after shootout on Main Street
[10:38] {Threei} before holstering the gun and walking into nearest saloon
[10:38] {ese} L adsk .26
[10:39] {jfjf64} aig
[10:40] {jfjf64} l .70 break
[10:40] {jfjf64} get smily face ready
[10:41] {jfjf64} wher wd ya put stop
[10:41] {jfjf64} .74 in
[10:43] {magoo} ijm still down, anmyone else?
[10:43] {Threei} sigh
[10:43] {BillyD} yes magoo
[10:43] {Threei} you and nemo
[10:43] {magoo} and u vad?
[10:44] {ese} stop to tollerance for risk today
[10:46] {ese} you guessed it .19 stopped
[10:47] {jfjf64} stop aig
[10:47] {ese} breakouts just have not been working for me the last 3 weeks or so
[10:47] {Threei} RIMM
[10:47] {Threei} reshort it here
[10:47] {Threei} stop above .30
[10:51] {dino} sm rtp l .93
[10:52] {BillyD} Vad, where can I find out what the ETF's foloow....I tried yahoo but really doesn't FAZ opposite the mkt
[10:52] {nemo} the sponsoring websites. Direxion for theirs
[10:52] {nemo} put in the complete name of the etf
[10:53] {BillyD} ok, was hoping for a quick way to look up symbol
[10:53] {ese} L adsk .14
[10:53] {Threei} there is
[10:53] {dino} bd, careful on the 2x 3x etfs, some brokers are not letting them trae
[10:53] {dino} trade
[10:53] {Threei} I had one, let me try and find one
[10:54] {BillyD} thx dino
[10:55] {dptl}
[10:56] {BillyD} thx dp
[10:56] {dptl} :)
[10:56] {Threei} RIMM 1:1
[11:01] {dino} put rtp .73, +.80
[11:01] {dptl} hmm..what to do? what to do?....
[11:02] {Threei} whatever you do dp, do NOT smile
[11:02] {dino} hmmmmm, tough crowd
[11:02] {Threei} today is no smile day
[11:02] {dptl} ok
06[11:02] * dptl slaps nemo around a bit with a large trout
[11:02] {Threei} that is allowed
[11:02] {Threei} and encouraged
[11:02] {Threei} samiling ias not
[11:02] {Threei} sorry dino
[11:02] {dino} np
[11:03] {nemo} see what good behavior gets you
[11:07] {fernp} BAC, Vad?
[11:09] {Threei} .20 break long
[11:09] {Threei} for double bottom
[11:10] {fernp} thanks
[11:11] {Threei} invalidated
[11:11] {fernp} yes
[11:12] {Threei} NYX 40 stocks have yet to open for trade due to technical issues, including Berkshire Hathaway (28.88, +0.13, 0.45%) (related BRK.A )
[11:12] {Threei} hey, we are not the only ones with tech problem
[11:12] {Threei} and look at this:
[11:12] {Threei} CNBC's Liesman: Fed adjustment in treasury coupon purchase schedule due to 'technical glitch'
[11:12] {Threei} rofl
[11:12] {Threei} I feel better
[11:13] {Threei} anyone still holding RIMM short?
[11:14] {nemo} what a day for Laser to be down
[11:20] {BillyD} Overall, Laser is the best I have ever used
[11:20] {magoo} but billy..its the only one u ever used lol
[11:20] {Threei} lol
06[11:21] * Threei takes first row to view the trout fight
[11:21] {BillyD} lol.....I started with the phone
[11:21] {Threei} no home pigeons??
[11:21] {BillyD} nah
[11:21] {magoo} carrier pigeons were the first system vad was promoting when i started
[11:22] {magoo} problem wass dam birds kept returning to vad not me
[11:22] {Threei} dino for instance started with inscribing his orders on stone tabler, delivered by dinosaurs
[11:22] {Threei} yes mags, but that was an upgrade from those stone tablets
[11:22] {BillyD} he's come a long way
[11:22] {magoo} roflol
[11:22] {cosmo} the phone was ... the only way to get real time....
[11:22] {Threei} and mags,
[11:23] {Threei} consider this:
[11:23] {Threei} at the time we considered two alternatives,
[11:23] {Threei} carrier pigeons and smoke signals
[11:23] {BillyD} smoke signals were real time calls
[11:23] {Threei} pigoens won since they did not require direct line of sight
[11:24] {cosmo} phone trades cost $35 too
[11:24] {Threei} there also were drums
[11:24] {cosmo} at discount
[11:25] {cosmo} bottle in the ocean is more high tech i would say
[11:25] {Threei} that's for overseas guys
[11:26] {cosmo} we all take our turn
[11:26] {Threei} Long Setup: BAC 16 break
[11:26] {Threei} if stays above .90
[11:26] {Threei} for scalpers, .95
[11:29] {fernp} in
[11:29] {BillyD} missed BAC, phone order to slow...hehe
[11:29] {dino} petd partial fill l .79
[11:29] {Threei} NY Fed: Purchased $2.7B in $300B outright coupons purchase; Dealers submitted $11.3B for consideration (bid to cover 4.19)
[11:29] {Threei} - Heaviest purchase was $730M in the 11/15/26 maturity
[11:29] {Threei} - Note: Avg bid to cover for prior four auctions is 3.21
[11:29] {Threei} 1:1 for scalpers
[11:31] {laserdave} we shoudl be up guys
[11:32] {laserdave} try to place a bid below market
[11:32] {Threei} yesss!!
[11:32] {Threei} thank you dave
[11:32] {Threei} up we are
[11:32] {BillyD} ty dave
[11:32] {laserdave} sorry for being down
[11:32] {Threei} no hope... you won't be forgiven
[11:32] {Threei} ever
[11:32] {BillyD} dave we know you are down as well and not wanting it
[11:32] {laserdave} very rare we go down like this
[11:32] {nemo} should I take the pins out of the cupie doll of Dave?
[11:33] {BillyD} lol
[11:33] {BillyD} let him live nemo
[11:33] {laserdave} well i am sure they will be working long after the close to ensure this never happens again
[11:33] {laserdave} ya take the pins out please
[11:33] {laserdave} my back is killing me
[11:33] {nemo} runnin' for office Dave?
[11:33] {Threei} I think it's second time in 4 or 5 years
[11:33] {laserdave} :)
06[11:33] * magoo slaps laserdave around a bit with a large trout
[11:34] {wulff} CAt is holding up well
[11:35] {cosmo} CAT holds up better...
[11:37] {BillyD} WFC short maybe
[11:38] {Threei} not sure here
[11:38] {Threei} snapback time is close
[11:38] {BillyD} looks like trap potential
[11:40] {cosmo} new lods here would not be good imo
[11:41] {Threei} Public support for the health care reform plan proposed by President Obama and congressional Democrats has fallen to a new low as just 42% of U.S. voters now favor the plan. Thats down five points from two weeks ago and down eight points from six weeks ago.
[11:41] {cosmo} ... for longs that is
[11:41] {Threei} no... snapback is coming, IMO
[11:42] {Threei} Long Setup: WFC .10 break if holding above 27
[11:44] {magoo} in
[11:44] {magoo} long aapl .38 too
[11:45] {Threei} Long Setup: RIMM .90 break if holding above .75
[11:45] {wulff} seems could be more than a scalp?
[11:45] {Threei} if works, yes
[11:47] {dino} pg 30, govt panel decides treatment; pg 50 heathcare to all non-us citizens, including illegal aliens; pg 59 govt electronic access to bank accounts; pg 427 govt mandates programs for end of life; 429 advanced programs for end of life decisions
[11:48] {cosmo} ...but they can't take your freedom
[11:49] {BillyD} just your life
[11:50] {cosmo} i'll be back
[11:50] {magoo} not liking either my traders
[11:50] {dino} i suppose they feel the savings comes from killing off the sick
[11:51] {Threei} no worky WFC
[11:51] {fernp} stopped
[11:52] {BillyD} sad but true dino
[11:52] {magoo} out both god dammit..sit all fresakin morn
[11:52] {magoo} than o for 2
[11:52] {fernp} and stopped BAC
[11:53] {cosmo} soylent green for the rest of us BD...
[11:53] {dino} logan's run
[11:54] {cosmo} thx1138
[11:54] {magoo} AIG down hard vad..any bounceset up?
[11:55] {Threei} should be, not yet
[11:58] {Threei} Long Setup: AIG .70 break
[11:59] {Threei} stop under low of this pullback, .50 is invalidation
[12:04] {nemo} aig again vAD
[12:04] {fernp} BAC if breaks 16.00 (again)
[12:05] {dino} sm l apol .70
[12:14] {Threei} 82% of CNN viewers believe healthcare is fundamental right
[12:14] {magoo} i do
[12:21] {Threei} HGSI sharp drop
[12:21] {jfjf64} watchin
[12:23] {dino} hgsi drop
[12:23] {dino} opps
[12:31] {jfjf64} lkd .80 break
[12:32] {wulff} What's the punishment for blowing a stop and getting away it?
[12:32] {BillyD} did you make profit
[12:32] {wulff} yes
[12:32] {BillyD} then you have to give it out to the room
[12:33] {BillyD} hehe
[12:35] {Threei} punishment will be administered by the market itself
[12:36] {Threei} it lures you into thinking that this is acceptable way to trade, by granting you breakeven or profit on a few of such trades
[12:36] {Threei} then one comes that doesn't come back
[12:36] {Threei} and just proceeds against you more and more
[12:36] {Threei} making taking loss impossible
[12:37] {Threei} keeping you frozen in headlight
[12:37] {Threei} wiping out all those gains you made on previous blown stops
[12:37] {Threei} then all profits on valid trades
[12:37] {Threei} and destroying your account and your confidence
[12:37] {Threei} Saw that zillion times
[12:38] {magoo} and your rectum
[12:39] {Threei} if you think frustration from the trades where you take the stop and they come back is big,
[12:39] {Threei} try one that develops by the scenario I described
[12:39] {Threei} and don't fool yourself thinking it won't happen
[12:40] {magoo} HUH?
[12:40] {Threei} or that you will take a loss on that one
[12:40] {jfjf64} no smiley face for wulff
[12:40] {Threei} you won't - not until it exceeds your pain tolerance
[12:40] {Threei} and until tyou go through all the stages of denial
[12:41] {_prth} when it gaps past your stop do you wait for a retrace to the orignal stop or just take it where it is?
[12:41] {Threei} that's not a day trading situation
[12:41] {Threei} we day trade in order to avoid this kind of hits
[12:42] {Threei} if you elect holding overnight, you add anoter risk control tool:
[12:42] {Threei} position sizing
[12:42] {magoo} everytime i wait for "the " bounce to get out..i get never comes
[12:42] {Threei} it must be scaled down so gap wouldn't detroy youre account
[12:42] {KSystems} boo
[12:42] {Threei} hey KS!
[12:42] {Threei} welcome back
[12:42] {KSystems} :)
[12:42] {KSystems} thanks
[12:43] {Threei} I am dead serious... of all trading sins you can commit, blown stops WILL kill you
[12:43] {Threei} no ifs and buts,. no two ways about it
[12:43] {Threei} I've seen traders making all kinds of errors,
[12:43] {Threei} some survived some of them,
[12:43] {Threei} but no single one survived blown stops
[12:44] {_prth} on nvax last week the stop was 5.29 and it went from 5.31 to 5.24 on a sharp spike down, i got filled at 5.24 on a manual market out entry. Is that the correct way to handle it?
[12:45] {Threei} well, market orders in generaal not a very good way to trade
[12:45] {_prth} do you limit out on stops?
[12:46] {Threei} yes, limit a few cents beyond targeted price
[12:46] {Threei} also,
[12:46] {Threei} sharp spikes tend to lead to quick reversals
[12:46] {wulff} need to earn my smiley face back
[12:47] {Threei} if a stock whizzes past your price, it's often a good pratice to give it a few seconds for bounce
[12:47] {_prth} so after the sharp spike i should have put in a 5.27 sell?
[12:47] {Threei} but have disaaster stop in place, in case it proceeds against you
[12:48] {Threei} I can't answer it like this, it's a kind of hypotetical situation
[12:48] {Threei} maybe 5.27, may be no sell order in at all, and instead wait for bounce to stall
[12:48] {_prth} you were in the trade how did you exit nvax?
[12:48] {Threei} and try to sell top of the bounce whereevr it occurs
[12:49] {Threei} you asume I remember it?? :)
[12:49] {_prth} sign of a good trader, athlete and pro in general. Forget the past. :)
[12:50] {Threei} believe me, aafter 13 years of trading every day and dozens trades every day,
[12:50] {Threei} only very very remarkable ones will stay in your memory :)
[12:50] {Threei} it's a routine
[12:50] {Threei} not like every trade is an event
[12:50] {_prth} in fact how one develop that?
[12:50] {Threei} just a sequence of actions
[12:51] {Threei} this is mindset that comes with experience
[12:51] {_prth} insert: can (between how and one)
[12:51] {Threei} no single answer to that... you read blog entries on trading psychology?
[12:52] {_prth} thank you:D
[12:52] {Threei}
[12:52] {Threei}
[12:53] {Threei}
[12:53] {jfjf64} pls send me blog on coma
[12:53] {Threei}
[12:53] {Threei}
[12:53] {nemo} gotta' send him the page on vodka
[12:54] {ese} no ese is hangin....just busy geting ready to go to Denmark tomorrow
[12:54] {jfjf64} nice ese
[12:54] {ese} not much of a participant today i'm afraid
[12:54] {ese} too many things to do
[12:55] {ese} odd i get back to the computer just at the moment it says i'm about timing
[12:55] {ese} I should have that kind of timing in the market
[12:56] {ese} tks jf
[12:57] {Threei} 12:46] {wulff} need to earn my smiley face back {---- sorry wulff, it's not personal... I am simp,ly having no smiley day
[12:57] {Threei} half day actually
[12:57] {wulff} No, I deserve none....account value will show it eventually
[12:57] {Threei} at noon my daughter comes for a week long visit, so policy will be cancled at that point
[12:57] {jfjf64} im leavin tuesday italy 3 weeks
[12:58] {Threei} and btw, I'll have to leave an hour early to pick her up in airport
[12:58] {Threei} now, I suggest kicking ese and jf out for 5 minutes
[12:58] {Threei} so we feel better about them leaving for Europe vacations
[12:59] {jfjf64} how bout smiley faces
[12:59] {Threei} nope... sorry
[13:00] {KSystems} europe? where?
[13:00] {jfjf64} you are misrable hv a shot chilled vodka with lemon hmmmmm
[13:01] {Threei} ese to Denamrk, jf to Italy
[13:02] {Threei} - indirect bidders take 62.5% of competitive bids
[13:02] {Threei} - notes draw %1.78 with 13.08% allotted at hi...
[13:02] {magoo} magoo to...........purgatory
[13:02] {nemo} market's liking it so far
[13:03] {Threei} AIG
[13:03] {nemo} yep
[13:03] {KSystems} ahh
[13:06] {Threei} guess who is coming on TV
[13:08] {ese} i'm with ya there today also mags......have had 2 adsk trades stopped for .06 losses each....bout had enough for one day
[13:08] {Threei} you skipped best ones
[13:08] {Threei} RIMM shorts worked like charm
[13:08] {Threei} something else did bt my memory doesn't span that far
[13:08] {ese} definately
[13:10] {jfjf64} faz guess no tkers with me lol
[13:10] {jfjf64} +43
[13:10] {Threei} AIG sharp pullback
[13:10] {jfjf64} cents
[13:11] {Threei} who remembers teleportation setups from last fall?
[13:12] {Threei} this is whhat happens on AIG right now
[13:12] {ese} can't remember
[13:12] {Threei} quick move by both bids and offers with few prints,
[13:12] {Threei} pause,
[13:13] {Threei} entry in cantra dikrection,
[13:13] {Threei} wait for quick move in the same manner in opposite direction,
[13:13] {Threei} get out with scalp
[13:13] {Threei} observe it for while
[13:13] {Threei} you will see what I mean
[13:13] {Threei} it's impossibl;e to call in time as aa rule, you need to get a feel for it
[13:14] {BillyD} kind of like playing a range
[13:14] {Threei} yes but instead of normal move, it's a teleportation
[13:14] {Threei} it disppears from one place and surfaces in another
[13:14] {BillyD} best kind if on the right side :)
[13:14] {Threei} see?
[13:15] {BillyD} yes
[13:15] {Threei} about 12 cents dive, pause
[13:15] {Threei} if you got .05 - .06
[13:15] {Threei} you are exiting about here
[13:15] {Threei} .13-.14
[13:15] {Threei} watch it for few, you will get the rythm of it
[13:16] {Threei} we used to play it a lot on UAUA, DRYS, something else
[13:17] {Threei} one thing hasn't changed since election folks
[13:17] {Threei} Prezident is as good speaker as he was as a candidate
[13:18] {jfjf64} you are not serious
[13:18] {Threei} I am... I consider him a great orator
[13:18] {Threei} another matter is, this is about the only credit I extend to him, lol
[13:19] {Threei} election being largely a popularity contest, you don't think it played big role in his victory?
[13:20] {BillyD} he said all the right things
[13:20] {Threei} with right intonations
[13:21] {Threei} rightly measured dose of outrage
[13:21] {dino} tell them what they want to hear
[13:21] {Threei} eqzaktly
[13:21] {dino} zzzzzzzzzzzzzzzzzz
[13:21] {BillyD} I think he is a natural and not that excellent of a manipulator
[13:22] {larisa} thanks Billy :)
[13:22] {BillyD} I didn't say I agreed with him
[13:22] {Threei} AIG quick teleportation down is coming
[13:22] {larisa} dats ok
[13:22] {Threei} watch
[13:22] {BillyD} :)
[13:22] {Threei} should give an entry somewhere under .20
[13:23] {Threei} sorry larisa... when it comes to actual issues, I disagree with him on just about everything
[13:23] {dino} i am tired of his high and mighty scolding of everybody
[13:23] {BillyD} sick magoo on him dino
[13:24] {dino} indeed
[13:24] {Threei} here comes AIG
[13:25] {Threei} and now back up
[13:25] {Threei} any questions? :)
[13:25] {Threei} oops
[13:25] {Threei} taking that smiley back
[13:25] {BillyD} yes, why didn't it hit my .14 bid
[13:25] {jfjf64} ahhhhhhhh
[13:26] {Threei} still might
[13:26] {BillyD} don't want it now
[13:27] {magoo} .34 has rejected AIG twice
[13:27] {Threei} I tend to play these moves a bit narrower Billy
[13:27] {Threei} took .19, exited .26
[13:27] {BillyD} I see
[13:27] {Threei} this is pure quick scalping
[13:27] {Threei} not really directional trading
[13:28] {BillyD} too me I have to get better entry for insurance
[13:28] {Threei} we deal with program trading when these telepotrations occur
[13:28] {Threei} I want to be in and out quick and safely
[13:28] {BillyD} you take a full lot then?
[13:28] {Threei} yes
[13:28] {magoo} i try to catch a rip
[13:29] {jfjf64} im waitin forr the call
[13:29] {magoo} in AIG .98
[13:29] {nemo} what mags?
[13:29] {BillyD} what was your stop Vad?
[13:29] {magoo} in AIG .98
[13:29] {Threei} under .15
[13:30] {Threei} but billy,
[13:30] {Threei} don't look for hard fast rules to this kind of setups,
[13:30] {Threei} it's not rfeally technical,
[13:30] {BillyD} right more feel
[13:30] {Threei} it's "watch and get a feel for the rythm" kind of thing
[13:30] {Threei} I never start playing theese moves right away,
[13:31] {BillyD} just kind of pick a stop area
[13:31] {Threei} when I see them starting I watch a few of them
[13:31] {Threei} to get a feel for magnitude
[13:31] {Threei} and how they tend to act at the end of the range,
[13:31] {Threei} pause and bounce
[13:31] {Threei} or
[13:31] {Threei} double dip kind of move
[13:33] {BillyD} basically, trade what you can read, feel, put a structure to and manage the risk
[13:33] {Threei} there you go
[13:33] {Threei} what else is there?
[13:33] {Threei} findfamentals?
[13:33] {Threei} haha
[13:33] {Threei} economy helath?
[13:33] {BillyD} those are the fundamentals
[13:33] {Threei} three haha
[13:33] {BillyD} lol
[13:34] {Threei} good luck to those who thought "hey, economy is bad, we rally for a month or two, let's short it"
[13:34] {Threei} their pain if they didn't take their stops quickly was beyond bearable for the last two months
[13:35] {jfjf64} .46 l aig
[13:35] {Threei} I don't know jf...
[13:35] {Threei} I'd prefer to catch a pullback to .30 or under
[13:36] {Threei} breakouts are not a very good idea still, IMO
[13:36] {jfjf64} took it boss
[13:37] {Threei} let's hope this one works then
[13:38] {jfjf64} 1/1
[13:38] {Threei} wtg
[13:38] {jfjf64} half out
[13:38] {dino} gj
[13:38] {BillyD} gj jf
[13:40] {magoo} out here AIG
[13:40] {jfjf64} stop at even 2nd piece
[13:40] {magoo} .53 +.55
[13:40] {magoo} 1500 sh
[13:41] {Threei} beautyful mags
[13:41] {jfjf64} way to go mags
[13:41] {magoo} [13:30] {magoo} in AIG .98
[13:41] {jfjf64} stayed with it a while nice
[13:42] {magoo} back in .51
[13:42] {jfjf64} stop to .55
[13:42] {magoo} gonna rip
[13:43] {jfjf64} question why ya get out
[13:43] {Threei} US President Obama reiterates desire to increase speeed of generic drug implementation to the marketplace
[13:43] {magoo} book'em dano...i dont know for sure
[13:44] {jfjf64} 1/4 out .70
[13:44] {jfjf64} stop .65 last 1/4
[13:44] {Threei} if .70 gives up, should explode
[13:45] {jfjf64} wow you read good
[13:45] {Threei} thar she blows
[13:46] {Threei} yes jf... to read makes us speak English good
[13:46] {jfjf64} stop .69
[13:46] {Threei} be back in 10
[13:47] {jfjf64} i get a smiley face yet
[13:47] {jfjf64} out
[13:50] {jfjf64} ya still in mags
[13:51] {jfjf64} cof l 33.01
[13:51] {dino} apol stop to .00
[13:55] {dino} stopped apol .00, +.30
[13:57] {jfjf64} out cof -1 no lk
[14:01] {jfjf64} l aig .66
[14:01] {jfjf64} trigger
[14:02] {jfjf64} in
[14:03] {magoo} in .65
[14:04] {jfjf64} markett pops we get paid
[14:04] {jfjf64} market at critacal point
[14:05] {Threei} at what?
[14:05] {Threei} oh
[14:05] {jfjf64} critacal
[14:05] {jfjf64} thats a tough one
[14:05] {Threei} krutikle
[14:06] {nemo} you mean, like at the base of a fingernail?
[14:06] {jfjf64} here comes pushhhhhhhhhhhhhhhhhhh
[14:06] {Threei} yes nemo, but crucial one
[14:07] {magoo} thats toughie...Krewsholl
[14:07] {Threei} wow
[14:07] {Threei} this is spelling by true trader
[14:08] {dino} hgsi l .68
[14:08] {jfjf64} i cd spell it any way lk
[14:08] {jfjf64} 1/1
[14:08] {jfjf64} half out
[14:09] {jfjf64} look at that
[14:09] {jfjf64} all out
[14:10] {jfjf64} ya still in mags
[14:10] {magoo} yup..want a rip up
[14:11] {jfjf64} .36 l x
[14:13] {magoo} .84 has rejected it tewice now
[14:13] {dino} hgsi stop to .80
[14:13] {jfjf64} invalid
[14:15] {dino} stopped hgsi .80, +.12
[14:15] {jfjf64} nice trade
[14:16] {jfjf64} jpm l .75 break
[14:16] {jfjf64} here we go
[14:16] {magoo} out btw .62
[14:16] {magoo} -.03
[14:17] {jfjf64} grrrrrrrrrrr
[14:17] {magoo} see..lose sometimes trying to get biggie
[14:17] {jfjf64} tk those bennies
[14:18] {magoo} well..its a choice,,i rode it earlier
[14:18] {jfjf64} both pullbk x jpm
[14:18] {jfjf64} 100 percent
[14:20] {jfjf64} jpm vad ya likey
[14:20] {jfjf64} x invalid
[14:21] {jfjf64} jpm stays in consiladation
[14:21] {dino} ty jf
[14:21] {jfjf64} feel lk im wkin
[14:22] {jfjf64} go on pay roll
[14:22] {jfjf64} in
[14:23] {Threei} can't tell JPM
[14:23] {jfjf64} need to hold .75
[14:24] {jfjf64} .75 stop
[14:26] {dino} cpla sm l .00 thinny
[14:27] {jfjf64} usin .75 as support
[14:28] {jfjf64} out
[14:28] {jfjf64} oh we
[14:28] {jfjf64} well
[14:28] {BillyD} we knew what you meant
[14:28] {BillyD} you have trained us well
[14:29] {Threei} no kidn
[14:29] {BillyD} lol
[14:29] {jfjf64} broke hat .75 no part of
[14:29] {Threei} jf schl of tping is unfirgtble
[14:29] {jfjf64} capital pres
[14:30] {jfjf64} - 2 cents
[14:30] {jfjf64} comon vad gimme a smiley face
[14:30] {Threei} AIG AIG Fincl Products Corp. Completes Disposition Of Energy And Infrastructure Investment Portfolio (25.48, -3.22, -11.22%)
[14:30] {BillyD} look at HIG strength
[14:30] {Threei} VICL Reportedly solicits $1.25M contract from US Govt for Vaxfectin H1N1 vaccine treatment studies
[14:30] {Threei} - Note: Co. reports approx $3M in revenues per quarter
[14:30] {Threei} - the purpose of the work to be perform... (3.47, -0.05, -1.42%) more...
[14:31] {Threei} White House proposes definintion of OTC derivatives
[14:31] {Threei} OTC derivatives according to new definition are derived from the counter and handed over it
[14:32] {Threei} Comments that the derivatives must be cleared by the SEC or CFTC
[14:33] {fernp} have to go. see you all tomorrow.
[14:33] {Threei} take care fern
[14:36] {jfjf64} hig
[14:46] {Threei} market went frozen
[14:47] {BillyD} looks like it wants to break down
[14:47] {BillyD} saw RIMM but not want a .20 stop
[14:48] {BillyD} maybe LVS at .40
[14:49] {Threei} HIG is getting bounce-ready
[14:50] {BillyD} can't short LVS
[14:50] {ese} hey hey ever make any money on that APOL trade
[14:51] {ese} just noticing it made it over 67
[14:54] {magoo} in hig .15 lord vader
[14:59] {dptl} have a good evening all
[15:00] {larisa} bye dp :)
[15:00] {Threei} take care dp
[15:01] {magoo} slackers.grrrrr
[15:02] {Threei} just a scalp mags, I think
[15:03] {Threei} okay guys, I have to leave for airport now
[15:03] {Threei} take HIG profit here mags
[15:03] {BillyD} take care
[15:03] {Threei} you be safe
[15:03] {Threei} see you all tomorrow
[15:03] {larisa} see you :)
[15:03] {patel} take care
[15:03] {patel} bye
[15:03] {magoo} out fl TY vad
[15:05] {jfjf64} cat .45 long break
[15:05] {jfjf64} in .46
[15:09] {jfjf64} got hit
[15:10] {jfjf64} im done good night all
[15:12] {magoo} sh jpm .55
[15:12] {magoo} dime stop
[15:48] {ese} later everyone.......will be with you for a brief bit tomorrow...couple of hours maybe...then flying right over nemos' house
[15:48] {ese} will promise not to flush the toilet at that time nemo
[15:52] {dino} lol
[15:52] {larisa} lol
[15:53] {nemo} funny guy
[16:00] {dino} out cpla .04, =.04 stupid, had .32 and got greedy
[16:01] {nemo}'s the middle of August fur crissakes
[16:03] {dino} i know, i know
06[16:03] * nemo slaps dino around a bit with a large one in hand versus two in bush
[16:04] {dino} lol

Labels: , , ,

Monday, August 10, 2009

Aug 10 2009

Not bad for August Monday, with nice wins on LVS, AIG , HIG, scalp on WFC and couple small stops that didn't make much dent. Oh, and of course a few hours of boredom.

Session Time: Mon Aug 10 00:00:00 2009

[08:28] {Threei} BLTXX Baltic Dry Buk Index -3% (8th straight decline)
[08:30] {Threei} DEPO Reports Encouraging Results of its Phase I Trial for DM-1992 Program in Parkinsons Disease
[08:57] {fernp} good morning everybody
[08:57] {Threei} fern :)
[09:00] {nemo} mornin
[09:01] {Threei} nemo :)
[09:02] {nemo} Hi lari
[09:02] {larisa} gm :)
[09:03] {Threei} larisa :)
[09:03] {Threei} dino, welcome back
[09:03] {nemo} should we tattle on magoo?
[09:03] {Threei} of course
[09:03] {Threei} and tattle we will
[09:04] {dino} gm all
[09:04] {nemo} dino :)
[09:05] {fernp} welcome home, dino :)
[09:08] {dptl} good morning all
[09:08] {Threei} dp :)
[09:11] {dino} thx all, magoo said i missed a very profittable week.
[09:12] {nemo} How's your computer look?
[09:13] {Threei} yeah, he claimed the best week of the year
[09:13] {dino} computer still issues w/cyber, all other issues ok. trading on backup, ordered new trading only system
[09:15] {ese} good morning
[09:15] {Threei} ese :)
[09:15] {ese} hey vad
[09:16] {ese} first real day of rain here this summer
[09:16] {Threei} yup
[09:16] {Threei}
[09:20] {cosmo} ....the trail to the bank?
[09:21] {nemo} good one cosmo
[09:21] {cosmo} the dock of the bay?
[09:22] {patel} good morning
[09:24] {BillyD} GM all
[09:24] {cosmo} TIBX
[09:24] {Threei} patel, billy :)
[09:26] {cosmo} TIBX pre mkt high = 10.55 fwiw
[09:26] {jfjf64} mornin all;
[09:26] {Threei} jf :)
[09:26] {magoo} morning
[09:27] {Threei} magoo :)
[09:27] {Threei} DryShips, Inc Reached agreement with West LB on waiver terms for $71M of Debt
[09:27] {Threei} - CEO: We are delighted to have reached an agreement with West LB. This facility covers 2 of our drybulk vessels. We continue to have constructive discussions with the remainder of our banks who are all very supportive of the company."
[09:27] {jfjf64} ese ya sittin with drys still
[09:27] {ese} interesting PCLN +10.68 pre market
[09:27] {Threei} TIBX
[09:27] {Threei} TIBCO Software Inc Germany's SAP is in advanced talks to acquire company - Euro Am Sonntag
[09:27] {Threei} - According to unnamed sources, SAP is also interested in acquiring Teradata
[09:27] {Threei} - Terms of prospective deals not disclosed
[09:27] {ese} yup still am JF
[09:28] {ese} yup .40 jf
[09:28] {jfjf64} good
[09:28] {ese} don't think this is enough news to really make it move though.....have bee in 3 days....looling to eject
[09:29] {BillyD} Vad, your eye on LVS?
[09:29] {jfjf64} nice place
[09:29] {dino} pcln
[09:29] {Threei} one of them anyway
[09:30] {cosmo} YRCW # Union workers at YRC Worldwide OK more wage cutsAP(Fri, Aug 7)
[09:30] {dino} es, pcln, thinking short?
[09:32] {Threei} Long Setup: LVS .60 if stays above .50
[09:32] {Threei} late
[09:32] {Threei} no chasing
[09:33] {jfjf64} gv vad a coffee pls
[09:33] {ese} out Drys .51
[09:33] {ese} +.11
[09:33] {Threei} jumped while I typed
[09:33] {Threei} let's see if we get pullback
[09:33] {jfjf64} oxpa .30 break
[09:34] {_lisa} do we go in here?
[09:34] {Threei} unclear yet
[09:35] {Threei} .65 long if holding .60
[09:35] {jfjf64} opxa sorry
[09:35] {Threei} 1:2
[09:36] {Threei} half out or scalp
[09:36] {jfjf64} ty
[09:37] {Threei} out in full
[09:37] {jfjf64} cof 34 break
[09:37] {Threei} +.35
[09:38] {ese} L pcln .164.27
[09:38] {ese} sorry this thing moving too fast to type
[09:38] {jfjf64} in cof
[09:38] {ese} out pcln
[09:39] {ese} 148.24
[09:39] {nemo} when you going long ese?
[09:39] {ese} +1.97
[09:39] {Threei} AIG Update: Price Target lowered to $10 from $20 at Bernstein, maintains Market Perform rating
[09:39] {Threei} - pre-open (28.79, +1.65, 6.08%)
[09:39] {ese} 1 lot
[09:39] {jfjf64} nice ese
[09:39] {ese} tks......those scare mee a litle
[09:40] {ese} don't have dinos nerve with them
[09:40] {jfjf64} comon cof alreedy
[09:40] {ese} look at how fast it's coming down
[09:40] {Threei} Long Setup: HIG .78 if holding above .70
[09:41] {cosmo} DISH breaky
[09:41] {cosmo} 20.40 test
[09:42] {Threei} Long Setup: LVS 13 break if holding above .90
[09:43] {jfjf64} stop cof
[09:44] {jfjf64} grrrrrrrrrrrrrrrrrr
[09:44] {jfjf64} breakouts shakey
[09:44] {cosmo} DISH no breaky
[09:44] {ese} HIG 20.00 is 6 month high from 6th of January
[09:45] {ese} thats appealing to me
[09:46] {Threei} LVS 1:1, half out
[09:46] {dino} v sm v wide pcln s .00
[09:46] {magoo} RIMM vad, bouncer?
[09:46] {Threei} stop to .98 for the balance
[09:47] {Threei} .450 break RIMM
[09:47] {Threei} if holding .40
[09:47] {Threei} .50 that was
[09:48] {Threei} second half LVS stopped
[09:49] {Threei} HIG turns into bounce candidate
[09:49] {Threei} .60 break long if stays above .50
[09:49] {jfjf64} in
[09:49] {dino} pcln stopped -.50
[09:50] {fernp} in
[09:50] {ese} watchin PCLN
[09:50] {dino} see above
[09:50] {dino} rinsed
[09:51] {ese} aye,,,,,missed that post.....
[09:51] {jfjf64} grrrrrrrrrrrrrr
[09:51] {Threei} no worky HIG
[09:52] {cosmo} yrcw
[09:52] {dino} thoughts es, on pcln
[09:53] {ese} don't know what to think.....
[09:53] {ese} just wondering if it's strong enough to stay between 147 /148
[09:54] {ese} may considering going long again at 148
[09:54] {jfjf64} axp .25 break
[09:54] {jfjf64} all in
[09:55] {Threei} Long Setup: AIG .30 break half lot
[09:55] {ese} the Q was good it beat estimates ...theoretically is should keep moving up for the day
[09:55] {jfjf64} in
[09:56] {jfjf64} axp
[09:56] {jfjf64} .26
[09:56] {nemo} stop on aig vad
[09:56] {dino} so far you are correct
[09:57] {Threei} .05
[09:57] {Threei} invalidated anyway
[09:58] {Threei} RIMM setup is back
[09:58] {Threei} .50 break if holding .40
[09:58] {jfjf64} .35 break axp i need
[09:59] {jfjf64} then off to da bank
[09:59] {ese} eeeecck.....thos .06 to .10 spreads dino are daunting....dangerous
[09:59] {dino} small
[09:59] {ese} if anything ya
[09:59] {Threei} invalidated again
[10:00] {jfjf64} out even axp
[10:01] {ese} HIG capitulation
[10:01] {jfjf64} yup
[10:01] {dino} pcln, break of .00, sm s trig imo
[10:02] {jfjf64} .25 break hig
[10:02] {ese} i'll try that....
[10:02] {jfjf64} in
[10:03] {jfjf64} comon ese
[10:04] {ese} watchin pclnb
[10:04] {ese} lokks good though jf
[10:05] {jfjf64} monday monday
[10:05] {ese} great tune.....and it applies
[10:06] {Threei} Long Setup: AIG 29.10 break
[10:06] {Threei} if stays above 29
[10:07] {jfjf64} stop hig
[10:07] {jfjf64} in 11 aig
[10:08] {jfjf64} wher is ya stop vad
[10:08] {Threei} [10:06] {Threei} if stays above 29
[10:08] {nemo} .00
[10:08] {jfjf64} sorry mr vad was in hig
[10:09] {Threei} not 00 nemo... under
[10:09] {nemo} 29.00
[10:09] {jfjf64} ty
[10:09] {Threei} UNDER
[10:10] {Threei} 1:1
[10:10] {Threei} half out .35
[10:10] {ese} Laig .19
[10:10] {Threei} sorry, .25
[10:10] {jfjf64} half out
[10:10] {Threei} ese... .19??
[10:10] {ese} out .28
[10:10] {ese} +.09
[10:11] {jfjf64} go aig
[10:11] {Threei} 1/4 more out .38
[10:11] {BillyD} out aig ty
[10:11] {ese} ya i had a buy stop at .20 from that 1 min bar just after 10am
[10:12] {jfjf64} done
[10:12] {jfjf64} ty vad
[10:12] {Threei} last portion stop under .10, offering .55
[10:12] {ese} in and out with 4k....i'm happy
[10:13] {ese} you all are doing well
[10:13] {Threei} just entry was a bit too high ese... it established nice tight range lower, which was the reason for my call
[10:13] {jfjf64} aig .45 break i will try again
[10:16] {ese} at 10.02 am i have a 1min bar with a high of .20.....was waiting for that break
[10:16] {ese} and was looking for the market to bounce up
[10:16] {ese} waited too long you figure?
[10:17] {Threei} it danced netween 29 and 29.10 enough to form a tighter entry
[10:18] {BillyD} perfect setup for AIG
[10:18] {BillyD} not often that tight
[10:18] {ese} missed pcln......watching aig
[10:18] {ese} dino did you get in?
[10:20] {nemo} rimm Vad
[10:23] {Threei} can't believe AIG bounced from .10... how's that for precision
[10:24] {BillyD} especially for its volatility
[10:24] {Threei} yeah
[10:24] {BillyD} it might hold a conventional support
[10:24] {Threei} accident of course but plesant nonetheless
[10:25] {magoo} still in it looking for rip
[10:26] {magoo} sigh..takes .50 and falls
[10:27] {dino} no es
[10:28] {Threei} (RU) Russian Financial Minister: Sees no need for Rouble devaluation
[10:28] {ese} it's ming a nice move
[10:29] {Threei} nope, it will happen by itself, why bother
[10:29] {ese} making
[10:29] {dino} yeah, 150 strikes
[10:30] {dino} this should about do it, imo
[10:32] {fernp} BAC breakout, Vad?
[10:32] {ese} yes
[10:32] {ese} heck of a move +18 pts
[10:32] {Threei} can't tell fern
[10:33] {Threei} potential for a trap is just as great
[10:33] {dino} missed it
[10:34] {magoo} out AIG
[10:34] {fernp} ok, i'll try .75 with half lot. TY
[10:35] {ese} L BAC .71
[10:36] {ese} stop .69
[10:38] {magoo} hig trying vad
[10:39] {dino} pcln sm s .00
[10:39] {Threei} I'd like to try coinservative entry on it mags
[10:39] {Threei} let it pull back under .30
[10:39] {Threei} grab it with stop under .20
[10:39] {magoo} yea..ok
[10:40] {magoo} RIMM yet vad?
[10:40] {Threei} hwere we go
[10:40] {Threei} RIMM no
[10:44] {dino} cov pcln .40, +.60
[10:45] {Threei} HIG 1:1 from .30 entry
[10:45] {Threei} while regular break would have kept you at merely 1/3 r/r here
[10:45] {magoo} i make the snowballs...vad throws them :)
[10:47] {Threei} AIG strill not shortable...
[10:47] {Threei} wanted to call 29 break
[10:47] {Threei} tested, not available
[10:48] {Threei} grrr
[10:48] {magoo} its time for RIMM imo
[10:48] {Threei} look how it would have worked
[10:48] {ese} nice one dino
[10:48] {Threei} maybe mags... I am wary of it for now, it's disproportionally weak
[10:53] {ese} out BAC .80 +.09
[10:55] {Threei} nice scalping footwork
[10:56] {ese} tks.....Bac feels very comfortable to trade ....for the size....the fills are instantaneous
[10:56] {Threei} they are on any stock with right broker :)
[10:57] {ese} i hear ya.....i do need to change mine
[10:58] {dino} thx es, and gj
[10:58] {ese} tks also
[10:59] {ese} vad...take a look at drys for me.....04 cent consolidation around .50....this should go up
[10:59] {Threei} it's a valid setup
[11:00] {Threei} whether it works or not is up to trading gods
[11:00] {ese} ya.....thats i was thinking
[11:00] {Threei} I am more fond of conservative entries today
[11:00] {Threei} or agressive
[11:00] {Threei} regilar ones have less chance
[11:01] {magoo} almost green index
[11:01] {ese} what do you consider drys to be
[11:01] {BillyD} look at CROX...nice uptrend today
[11:01] {Threei} .50 break would be regular
[11:01] {ese} OK,,,gotcha
[11:01] {Threei} entry on dive to .45 a few min ago would be aggressive
[11:02] {ese} tks
[11:03] {fernp} out BAC +.10
[11:03] {ese} nice one fern
[11:03] {fernp} ty ese
[11:04] {ese} 20K ?
[11:04] {fernp} half lot. 500
[11:04] {ese} that works....nice one
[11:08] {dino} pcln continues down, cov too soon
[11:09] {ese} my wife the nurse just took a look at drys 1min chart......and quips...."looks like a fetal heart rate"......had to be here ...was funnny
[11:10] {Threei} lol
[11:14] {ese} market has gone comatose
[11:16] {nemo} the market is one with Vad
[11:16] {ese} can here the ummmmmmmm ummmmmmmmm ummmmmmmmm from here
[11:16] {nemo} it's more like Ohmmmmmmmmmmmmm
[11:17] {ese} no it's ummmmmmmmmmm followed by a question in his head......"what in heack are they doing this to me for?"
[11:18] {nemo} I get it.
[11:19] {Threei} you are severely overestimate the sophisticaon of my mental process, ese
[11:19] {Threei} it's more like:
[11:19] {Threei} who are they?
[11:19] {Threei} what am I doing here?
[11:19] {Threei} what do all these blinking numbers mean?
[11:19] {ese} and whay have I subjected myself to this?
[11:20] {Threei} no... still too sophisticated...
[11:20] {Threei} would have to define "this"
[11:21] {ese} ha ha lol
[11:21] {Threei} btw ese
[11:21] {Threei} recognize the spot:
[11:22] {Threei}
[11:22] {ese} will have a look
[11:22] {Threei} there are two actually, dailight and sunset are taken in diff places
[11:23] {ese} how about island view beach?????????
[11:23] {ese} that was my wifes quess
[11:24] {Threei} Dallas rd for daylight... :0
[11:24] {ese} ahhhhhh.......Washinton Stae across the it
[11:25] {fernp} really good pics
[11:25] {Threei} ty
[11:25] {ese} excellent pics........second calling i would say
[11:25] {Threei} {BillyD} where'd you bought'em?
[11:25] {BillyD} 6
[11:25] {ese} ouch!
[11:26] {BillyD} sorry, thought you were asking about CROX
[11:26] {Threei} lol
[11:26] {BillyD} lol
[11:26] {BillyD} I remeber now though
[11:27] {BillyD} I like RRD chart but not sure about follow thru in this mkt
[11:27] {ese} am going comatose......have finger on buy trigger for drys......almost ....almost.......almost..........ahhhhhhhhhhhhh.......grabbed right hand away with left.....pheeeeeeeeeewwwwwww
[11:28] {ese} grabbed right hand away with left
[11:28] {Threei} lol
[11:28] {Threei} .75 break in retrospectwas better setup
[11:28] {ese} that was close
[11:28] {Threei} on RRD
[11:28] {BillyD} yeah
[11:29] {BillyD} I wasn't there in
[11:29] {Threei} keeping an eye on WFC
[11:29] {Threei} in real retrospect, none of us was... {G}
[11:29] {BillyD} very true
[11:29] {Threei} unless in previous life
[11:30] {Threei} WFC stays green and lcose to day high while market retreats
[11:30] {ese} right hand on buy trigger for WFC....................almoooooooooost..............taken away at the last second.....pheeeeeeeeeew
[11:30] {ese} mind games with the market
[11:30] {Threei} lol... Monday has ese at total loss of self-control
[11:31] {fernp} ese, are u going to try .50 long on DRYS?
[11:31] {ese} shere am i...........whats this board.....who are you guys...........zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[11:31] {ese} considering it fern
[11:32] {fernp} ok
[11:32] {ese} market has to do something first......anything
[11:32] {fernp} true
[11:45] {Threei} trying to make uop my mind on WFC range break'
[11:45] {Threei} still no opinion
[11:46] {BillyD} not much conviction out there
[11:48] {Threei} no
[11:49] {Threei} maybe just scalp it within the rane instead if market bounces
[11:49] {Threei} range
[11:49] {nemo} could bounce at .78 pivot at .70
[11:49] {Threei} (RU) Reportedly new Russian car sales in July fall 58% y/y to 157.9K units
[11:51] {nemo} bounced at .78
[11:51] {Threei} I ttok .79
[11:52] {Threei} call me "beyond bored"
[11:52] {ese} LADA ?
[11:52] {fernp} took .80 here
[11:52] {nemo} what chapter in the "Captain Obvious" story is that?
[11:52] {Threei} AIG... this thing just won't quit
[11:53] {Threei} boredom trades get punished fern, eh? :)
[11:54] {fernp} yeah
[11:54] {Threei} although market feels like stronger bounce is coming
[11:54] {fernp} .76 is my stop still in
[11:55] {Threei} yup
[11:58] {ese} gotta say.... I like the drys is holding up as the market is tanking.....
[12:02] {Threei} I am out fern
[12:02] {Threei} .86
[12:02] {fernp} not filled here
[12:02] {Threei} it's coming
[12:02] {Threei} still no??
[12:03] {fernp} yes yes
[12:03] {Threei} gosh, what your broker routes with?
[12:03] {Threei} :)
[12:03] {fernp} ARCA
[12:03] {Threei} and no routing out to other ECNs or what
[12:03] {Threei} there were INET, BATS and someone else at the bid
[12:04] {Threei} and EDGX was the only one remaining at the offer
[12:04] {fernp} I am testing Laser. so I have Laser + brokers' execution window
[12:04] {Threei} you should have been taken out faster
[12:04] {fernp} a mess
[12:10] {magoo} HIG was stronger than mkt vad..
[12:10] {magoo} on mkt pullbk
[12:11] {Threei} true
[12:11] {Threei} and moves up now
[12:13] {Threei} if we get lucky to have opullback closer to .40 I'd be interested
[12:16] {magoo} and u dont think RIMM will bounce?..never ever ever again?
[12:17] {dino} rimm to 70 by exp. imo magoo
[12:17] {ese} man this consolidation in drys is traders dream for institutional traders moving 100000shs lots back and forth across .01 for .01 cent each time....easy money
[12:18] {Threei} not jazzed about RIMM mags
[12:21] {dino} genz drop
[12:25] {fernp} AMAT breaking today and friday low
[12:29] {ese} it seems to me the last 3 trading sessions....the market has bias to the down side......corection coming maybe?
[12:30] {dino} would seem overdue. plus week before exp. usually down 36%
[12:30] {dino} 3-6%
[12:32] {ese} would agree
[12:32] {fernp} out AMAT +.06
[12:33] {dino} gj
[12:33] {ese} gj fern
[12:33] {fernp} ty
[12:33] {ese} nice capitulation
[12:36] {dino} pcln droppping, last support around 147.20, break of tha may be trig short
[12:37] {dino} and as soon as i type that it jumps
[12:47] {dino} genz lod
[12:47] {ese} BAC fighting the market as well now
[12:48] {ese} maybe not
[12:52] {Threei} ok... here goes:
[12:52] {Threei} Guess who is on TV
[12:53] {Threei} I know larisa, I know
[12:53] {larisa} yes please
[12:56] {nemo} anybody check Vad's vital signs
[12:57] {Threei} why
[12:57] {nemo} make sure it's only a coma
[12:57] {Threei} of course it is... occurs every day
[12:58] {Threei} although astute observer would say, started years ago and still continues
[12:58] {nemo} Haven't heard a peep out of the bird either
[12:59] {ese} 3rd big buy for drys....vad would you mind having a look at that and confirming that for me......or is that a sell?
[13:00] {ese} is that accumulation in Drys?
[13:01] {Threei} most likely
[13:01] {ese} tks
[13:03] {magoo} news STT"
[13:04] {Threei} STT $625M 2007 legal reserve set for exposure fo sub-prime crisis and fixed income strategies may not be sufficient - WSJ cites 10-Q filing issued earlier today
[13:04] {Threei} - Reserve at June 30 stood at $193M (51.96, -1.90, -3.53%)
[13:04] {dino} new lows
[13:21] {Threei} Long Setup: WFC .40 break if stays above .35
[13:23] {Threei} no go
[13:24] {fernp} stopped
[13:24] {magoo} ]read on STT vad..i thinkin short
[13:24] {ese} L Drys .45
[13:25] {Threei} hard to tell mags
[13:25] {Threei} double bottom is just as likely
[13:25] {magoo} but all finans are weak here
[13:28] {Threei} DNDN Hearing Deutsche Banking making positive comments (timing uncertain) (23.68, -0.13, -0.55%)
[13:36] {Threei} havce a look at HGSI daily guys
[13:37] {Threei} IMO, shapes up as a play in the future
[13:37] {Threei} goes through toght consolidation under 15 on disappearing volume
[13:40] {Threei} WFC
[13:40] {Threei} double bottom is shaping up
[13:41] {Threei} .20 saupport for stop placing just under
[13:42] {Threei} entry is wherevr yolur aggressiveness tells you to
[13:42] {jfjf64} in
[13:44] {ese} in what?
[13:44] {Threei} lol
[13:44] {Threei} ese, following my steps?
[13:44] {Threei} living in coma?
[13:44] {Threei} out
[13:44] {jfjf64} wfc
[13:44] {ese} indeed
[13:44] {fernp} out RIMM from .26 to .36
[13:44] {Threei} took .26, so I am comfortable with .40 exit
[13:44] {patel} thanks 3i
[13:44] {Threei} 1:2
[13:44] {jfjf64} 1/1 half out
[13:45] {patel} all out
[13:45] {ese} L drys still
[13:45] {chiro} woot!!!...just took .40 from RIMM ...after shorting all morning
[13:45] {Threei} you guys should be ashamed of yourselves
[13:45] {Threei} world suffers... and here you are, profiting from the market
[13:46] {Threei} nasty really... no comradierre
[13:46] {ese} helping the world to be honest
[13:46] {jfjf64} stop at .35
[13:46] {patel} yes, stimulating this economy
[13:46] {patel} lol
[13:46] {Threei} what a perfect formation on WFC
[13:46] {Threei} double bottom with higher low
[13:46] {chiro} y is genz up?
[13:47] {jfjf64} done
[13:47] {jfjf64} ty vad wfc
[13:48] {Threei} sure
[13:48] {magoo} out wfc ty
[13:48] {Threei} GENX had news chiro
[13:48] {Threei} GENZ
[13:49] {chiro} ty
[13:49] {Threei} confusing financial statements, read for yourself and see if you can make sense of it
[13:49] {Threei} Monday, August 10, 2009 1:13:14 PM
[13:49] {Threei} Genzyme Corp Provides Update on Cerezyme Supply; Guides 2009 at low end of prior guidance ranges ($2.35-2.90 v $2.80e, $4.6-5B v $4.75Be)
[13:49] {Threei} - Genzyme has made the decision to discard approximately 80% of remaining work-in-process material. This decision was made to minimize risk to the Allston plant and ensure that new supply will be available by the end of this year.
[13:49] {Threei} - Genzymes decision to discard the majority of the work-in-process material has resulted in a Q2 write-off of approximately $8.4M in addition to the $14.2M write-off previously reported. As a result, the companys second-quarter GAAP net income is now $187.6M or $0.68 per diluted share, compared with $192.2M or $0.70 per diluted share reported on July 22. Genzymes second-quarter non-GAAP net income is now $226.6M or $0.82 per diluted share, compared with $232.5M or $0.85 per diluted share previously reported.
[13:49] {Threei} - If Genzyme does not finish and release any of the remaining material, the company would incur an additional write-off of approximately $2.7M. In addition, Genzyme is currently in discussions with regulatory authorities regarding the release of two lots of Cerezyme that were finished before the plant was shut down. If these finished goods are not released, Genzyme will incur an additional write-off of $3.1M.
[13:49] {Threei} - reminder: on 7/31, GENZ said FDA would reinspect the facility that makes Cerezyme after an initial inspection in May that resulted in a warning letter.
[13:49] {chiro} thnx...but id rather read charts
[13:49] {jfjf64} .93 l usb
[13:51] {dino} smaller than projected costs it would seem
[14:03] {fernp} LVS double bottom, Vad?
[14:03] {Threei} no
[14:03] {Threei} looks rather breakdownish to me
[14:04] {fernp} thanks
[14:06] {dptl} have a good evening all
[14:07] {fernp} bye dp
[14:07] {Threei} take care dp
[14:07] {ese} dddddddpppppppp take care
[14:10] {BillyD} anyone using the NASDAQ route with laser?
[14:11] {Threei} this is the one to use on NASDAQ stocks Billy
[14:12] {Threei} it's former INET/ISLD
[14:12] {BillyD} right and then have it route to INET
[14:12] {BillyD} Vad, under, your Route option on the menu bar
[14:13] {BillyD} dou you have routing strategy "Scan" selected
[14:13] {Threei} I have STGY
[14:14] {Threei} but I still haven't upgraded to latest version
[14:14] {BillyD} ok
[14:14] {Threei} so may not be exact match to yours
[14:15] {BillyD} sometimes it seems I have order sitting on INET for quite a while in advance and everyone else is hit first
[14:15] {BillyD} especially on thick stocks
[14:15] {Threei} dp is your man to talk about it
[14:15] {BillyD} ok, he just left
[14:16] {Threei} he has this approach where he watches for the most active ECN on certain stock
[14:16] {BillyD} ty
[14:16] {Threei} and uses it for their orders
[14:16] {Threei} says he gets his fills faster
[14:16] {Threei} EDGX or BATS for instance
[14:17] {BillyD} I have tried EDGX before
[14:18] {Threei} fern... shorted LVSA by any chance?
[14:18] {Threei} LVS
[14:19] {fernp} how do u know that?
[14:19] {fernp} shorted .38
[14:20] {Threei} I have camera in your office, didn't you know?
[14:20] {Threei} magoo starts his day by debugging his office
[14:20] {Threei} and manages to catch 4 out of 5
[14:20] {fernp} i have to do the same here ;-)
[14:20] {Threei} :)
[14:20] {Threei} [14:03] {fernp} LVS double bottom, Vad?
[14:20] {Threei} [14:03] {Threei} no
[14:20] {Threei} [14:03] {Threei} looks rather breakdownish to me
[14:21] {Threei} then it broike down...
[14:21] {Threei} so I asked :)
[14:21] {fernp} grabbed +.10 ty
[14:21] {Threei} :)
[14:28] {Threei} FRE S&P affirms ratings in light of Q2 results; sees US Govt providing 'extraordinary support' if deemed necessary (7.72, +0.03, 0.39%)
[14:40] {ese} days like this give new meaning to etching out a living
[14:54] {Threei} see now why I prefer coma?
[14:55] {BillyD} coma saves from forcing trades
[14:56] {Threei} yup
[15:12] {Threei} 32% Favor Single-Payer Health Care, 57% Oppose
[15:12] {Threei} On Health Care, 51% Fear Government More Than Insurance Companies
[15:12] {BillyD} only 49% left to wake up
[15:12] {Threei} lol
[15:13] {Threei} scariest words in the world:
[15:13] {Threei} I am from the goverment and I am here to help
[15:13] {nemo} beat me to it
[15:13] {nemo} come comrade, you are sick
[15:13] {Threei} I am faster in my coma than you are in yours
[15:14] {chiro} perhaps, but i snore louder
[15:16] {chiro} r u surprised that RIMM isnt participating in this bounce?
[15:16] {Threei} no
[15:16] {Threei} didn't like it whole day
[15:19] {dino} pcln spike
[15:20] {ese} wow
[15:20] {ese} almost up 20pts on the day
[15:22] {ese} enhanced college fund somewhere
[15:27] {jfjf64} lets go boys ..85 break aig
[15:28] {jfjf64} weird day
[15:29] {Threei} Monday... mid August
[15:29] {Threei} you made money today?
[15:29] {jfjf64} little
[15:29] {Threei} frame it and put it on the wall
[15:30] {Threei} we run somethere around 80% this summer by my intuitive estimate
[15:30] {Threei} tell about it any trader outside of this asylum,
[15:30] {jfjf64} aig
[15:30] {Threei} see their reaction
[15:31] {jfjf64} gonna go
[15:32] {jfjf64} in
[15:32] {jfjf64} hope it wasnt trapppppppppppppp
[15:33] {jfjf64} grrrrrrrrrrr
[15:33] {jfjf64} sd learn the coma
[15:37] {Threei} (US) California could reportedly disclose timing of end of IOU program tommorow
[15:39] {jfjf64} lvs c/h
[15:39] {Threei} nah
[15:39] {jfjf64} ty
[15:42] {jfjf64} good night guys
[15:42] {BillyD} same here, cya tomorrow
[15:43] {Threei} take care guys
[15:53] {Threei} DNDN Signs Lease for New Manufacturing Facility in Atlanta
[15:53] {Threei} - signed a lease agreement with Majestic Realty Co. to build a 160,000 square-foot manufacturing fac
[15:53] {Threei} ility
[15:55] {Threei} okay guys, thank you all
[15:55] {larisa} bye :)
[15:55] {Threei} have a good evening, see you tomorrow
[16:00] {fernp} good nite all
[16:03] {ese} later eh......

Labels: , , ,

Friday, August 7, 2009

Aug 07 2009

Very nice finish to the week. Just one 10 cents stop, and wins were mostly on pullback long entries on HIG, AIG, WFC, HGSI, LVS with one short on WFC. Nothing to complain about, with some members reporting their best week of the year.

Session Time: Fri Aug 07 00:00:00 2009

[08:07] {nemo} now we know what the deal on aig was
[08:09] {JohnK} gm folks
[08:21] {Threei} Good morning
[08:21] {Threei} BLTXX Baltic Dry Bulk Index -4.6% (7th straight decline
[08:26] {nemo} anything playable off the jobs report?
[08:30] {nemo} must be good
[08:30] {Threei} - Prior nonfarm payrolls revised from -467K to -443K
[08:30] {Threei} JULY UNEMPLOYMENT RATE: 9.4% V 9.6%E
[08:30] {Threei} *JULY AVERAGE HOURLY EARNINGS M/M: 0.2% V 0.1%E; AVERAGE WEEKLY HOURS: 33.1 V 33.0E
[08:30] {Threei} - Average Hourly Earnings Y/Y: 2.5% v 2.5%e
[08:32] {nemo} interesting, slightly more hours worked than expected for the same money as expected, that's not positive
[08:33] {BillyD} GM all
[08:34] {Threei} Billy...
[08:34] {Threei} where have you been yesterday
[08:34] {Threei} missed beautiful day
[08:34] {BillyD} some things to take care of
[08:34] {nemo} geez dad....
[08:34] {BillyD} saw the log
[08:34] {BillyD} maybe a repeat eh????
[08:37] {Threei} why not... let's by HIG again :)
[08:39] {BillyD} was there good jobs data?
[08:39] {BillyD} reason forspike up
[08:40] {Threei} yep
[08:41] {Threei} [08:30] {Alert} Threei *JULY CHANGE IN NONFARM PAYROLLS: -247K V -325KE; CHANGE IN MANUFACTURING PAYROLLS: -52K V -100KE
[08:41] {Threei} [08:30] {Alert} Threei - Prior nonfarm payrolls revised from -467K to -443K
[08:41] {Threei} [08:30] {Alert} Threei JULY UNEMPLOYMENT RATE: 9.4% V 9.6%E
[08:59] {ese} gooooood morning
[08:59] {Threei} ese :)
[08:59] {larisa} gm :)
[08:59] {ese} hey larisa
[09:00] {Threei} larisa :)
[09:00] {larisa} ese, vad :)
[09:01] {ese} at some point that dry bulk index will go up
[09:03] {Threei} that was my first thought this morning ese
[09:03] {Threei} it drops for 7 days straight,
[09:03] {fernp} good morning everybody
[09:03] {Threei} fern :)
[09:03] {Threei} DRYS however is more or less holding
[09:03] {Threei} the day index revrses DRYS should explode
[09:04] {ese} i'm still long my drys from yesterday at .40 would be nice if it did it today
[09:05] {Threei} well, today index is still down :)
[09:06] {ese} hmmmmmm
[09:07] {Threei} [08:21] {Alert} Threei BLTXX Baltic Dry Bulk Index -4.6% (7th straight decline)
[09:16] {ese} improvement in unemplyment rate and non farm payrolls.....looks like the reason for up start to the day
[09:16] {Threei} it's going to be interesting
[09:16] {Threei} here is what I mean:
[09:16] {Threei} we rallied for months with no positive news,
[09:16] {Threei} wirth extremely negatiove background noise,
[09:17] {Threei} and last week or two we started hearing all kinds of "recession is about over",
[09:17] {ese} yup
[09:17] {Threei} and now we are getting first signs of positive economic data.
[09:17] {Threei} Red day would signal strong reversal coming
[09:17] {ese} your thinking reversal
[09:17] {JohnK} T, do you think they'll eventually sell the news?
[09:18] {Threei} rather like:
[09:18] {JohnK} soon?
[09:18] {Threei} I am waiting to see if it's a red day in order to get a confirmation of reversal
[09:18] {Threei} that's how it usually works John
[09:18] {JohnK} I think so too
[09:18] {Threei} put the bottom in and reverse to the upside when it's the darkest,
[09:19] {Threei} rally on no good news,
[09:19] {Threei} spike right before or on positive news,
[09:19] {Threei} put the top in and reverse to the downside as news become rosey
[09:20] {Threei} Normal market cycle...
[09:20] {Threei} happens for eons, yet every time catches public by surprise
[09:20] {Threei} and causes all kinds of screams about manipulation
[09:21] {Threei} even though this scenario is of public's making in the same degree as smart money's
[09:21] {Threei} For it to happen, both sides must fufill their roles:
[09:22] {cosmo} ya know.... its just human nature
[09:22] {Threei} smart money to start accumulating when news is the worst possible and market is destroyed
[09:22] {Threei} and for public to wait with their buying until the news is at its happiest and market has rallied quite a bit
[09:22] {Threei} Smart money did its part,
[09:22] {Threei} now public's turn {G}
[09:23] {BillyD} so true
[09:23] {cosmo} so ... time to buy?
[09:23] {Threei} if you keep tabs on our plays from long/short ratio point of view,
[09:23] {BillyD} lol
[09:24] {JohnK} Yet, when we see this next top, it'll be a profit taking top, rather than a OMG sky's falling top... the pullback should be relatively shallow, right?
[09:24] {Threei} you will see how we used to short a whole lot last fall/winter/beginning of this year,
[09:24] {Threei} and how we play almost exlusively long side for the last few months
[09:24] {Threei} yes coosmo, and put it in your long term account saying "it will be back" :)
[09:25] {Threei} don't know if it's going to be shallow pullback/resumption or deeper drop, recovery and range bound trading for a while, John
[09:25] {Threei} both scenarios are plausible
[09:28] {magoo} ugegejkalkdfsa
[09:28] {Threei} I'll take it as a good morning
[09:28] {Threei} call me optimistic and trusting
[09:28] {ese} uffdidoiuwwwmdidak mags
[09:29] {jfjf64} mornin all
[09:29] {ese} jf
[09:29] {Threei} jf :)
[09:29] {Threei} btw
[09:30] {Threei} AIG
[09:30] {Threei} Friday, August 07, 2009 7:06:26 AM
[09:30] {Threei} American International Group, Inc Reports Q2 $2.30 v $1.67e (unclear if comparable), R $29.52B v $19.9B y/y - filing
[09:30] {Threei} - Q2 EPS on Adjusted basis $2.57.
[09:30] {Threei} - Q2 Combined ratio 98.2 v 92.2 y/y
[09:30] {Threei} - Q2 General Insurance operating income (before net realized capital gains) was $971M v $446M q/q
[09:30] {Threei} - Q2 life insurance and retirement services op income (before net realized losses) $1.82B v $1.2B q/q
[09:30] {Threei} - Q2 financial services operating loss (ex net realized losses) -$105M v -$1.1B q/q
[09:30] {cosmo} NVDA should hold 13.80
[09:32] {jfjf64} lvs
[09:32] {jfjf64} .86 trigger
[09:32] {Threei} LVS, 11.90 long establishd resistance
[09:33] {Threei} if takes it and doesn't trip of 12, has a a chance for a big move
[09:33] {jfjf64} ty ty
[09:35] {jfjf64} rimm??
[09:35] {Threei} just follows market, no clear play
[09:35] {jfjf64} hig 19 break
[09:36] {Threei} AIG
[09:36] {Threei} 3 dollars pullback
[09:36] {Threei} and counting
[09:36] {jfjf64} hig no go
[09:36] {magoo} was watching
[09:37] {Threei} bounce off 24 is likely
[09:37] {Threei} no "oficial" call, risk is enormous
[09:37] {jfjf64} k
[09:38] {jfjf64} nasty pullbacks
[09:38] {Threei} if you went for it, get out herte
[09:38] {jfjf64} tk look at met
[09:38] {Threei} quick dollar is nothing to sneeze at
[09:38] {Threei} OK, HIG
[09:39] {Threei} 18.50 is nice support to start looking for a bounce
[09:39] {Threei} normal routine is on for bottom fishers
[09:39] {Threei} .30 break if holding .20
[09:39] {Threei} etc
[09:39] {Threei} .20 if holding .10 now
[09:39] {Threei} you know the drill
[09:40] {Threei} just no chasing if missed
[09:40] {Threei} a bit too fast
[09:40] {wulff} that was quick!
[09:40] {Threei} I don't suppose anyone caught it
[09:41] {BillyD} not here
[09:41] {Threei} [09:37] {Threei} bounce off 24 is likely
[09:41] {Threei} look at AIG's low
[09:41] {jfjf64} nope
[09:41] {magoo} out AIG here .15 +.75 TY vad
06[09:41] * Threei slaps magoo around a bit with a large roll of cash
[09:41] {fernp} BAC?
[09:42] {Threei} yes fern
[09:42] {jfjf64} nice mags
[09:42] {Threei} same routine
[09:42] {Threei} .50 nearest support
[09:42] {fernp} ok
[09:43] {jfjf64} .68 hig here
[09:43] {jfjf64} double top lets go
[09:43] {Threei} WFC on radar too
[09:43] {Threei} .20 break if holding .10
[09:44] {Threei} and guys... if bottom fishing is not your cup of tea, skip these plays
[09:44] {Threei} this morning is not for open breaks so far, it's for pulback-catchers
[09:44] {jfjf64} hate tea
[09:45] {jfjf64} in .70 hig
[09:45] {magoo} in wfc'
06[09:45] * Threei slaps jfjf64 around a bit with a large cup of mango-infused oblong tea imported from SA Asis
[09:46] {Threei} BCRX Hearing strength being attributed to takeover chatter
[09:46] {Threei} - Reportedly GSK rumored as interested name (9.33, +0.54, 6.14%) (related GSK )
[09:47] {jfjf64} met .90break
[09:48] {jfjf64} go hig
[09:48] {Threei} White House Romer: Considering extending unemployment benefits following August recess in Congress; Jobs number is the 'least bad' seen in months - tv interview
[09:48] {Threei} - Comments that the jobless rate has seen stability in prior two months; seeing signs of stability
[09:49] {jfjf64} 1/1
[09:49] {jfjf64} half out
[09:49] {Threei} WFC 1:1
[09:49] {fernp} ty
[09:50] {Threei} something we haven't played in ages and probably deserving a look again:
[09:50] {Threei} Long Setup: HGSI .30 break if stays above .20, half lot
[09:51] {Threei} WFC 1:2
[09:51] {Threei} mags, get out, will ya
[09:52] {jfjf64} hig yeahhhh
[09:52] {Threei} good one jf
[09:52] {magoo} out WFC .37 TY + .17 DL
[09:52] {wulff} out WFC
[09:52] {magoo} in hgsi
[09:53] {Threei} you guys know what you are you are doing... I can see my retirement nearing
[09:53] {magoo} oh no....
[09:53] {Threei} I just like this monastery so much
[09:54] {nemo} How many plays did I miss?
[09:54] {magoo} yea...u turned over a new leaf there
06[09:54] * magoo slaps nemo around a bit with a large trout
06[09:54] * magoo slaps nemo around a bit with a large trout
[09:54] {jfjf64} +10 1half +15 2 half
06[09:54] * magoo slaps nemo around a bit with a large trout
[09:54] {magoo} 3
[09:54] {larisa} yes, AIG was for nemo for sure :)
[09:55] {magoo} u gotta be loco choco to take that AIG call
[09:56] {Threei} [09:41] {magoo} out AIG here .15 +.75 TY vad
06[09:57] * Threei applies to admin for nick change for magoo, he will be known as "magoolocochoco" from now on
[09:57] {Threei} HGSI 1:1
[09:57] {nemo} I wasn't here but why was it for me, Lari?
[09:57] {larisa} not for me or for you or for any normal person :)
[09:57] {JohnK} great trade HGSI thx T :)
[09:58] {Threei} welcome
[09:59] {magoo} out hgsi TY
[10:00] {wulff} NAS can't break +21 yet
[10:00] {magoo} larisa still sour girl over our split :)
[10:01] {larisa} lol
[10:01] {BillyD} Vad, HIG if takes 19
[10:01] {Threei} not sure
[10:01] {magoo} prob is mkt looks to be pulling back billy
[10:02] {Threei} watching but can't make up my mind yet
[10:02] {BillyD} thx
[10:02] {jfjf64} lks lk trap at this point
[10:03] {nemo} market weakness
[10:03] {wulff} hig break?
[10:03] {Threei} [10:01] {BillyD} Vad, HIG if takes 19
[10:03] {Threei} [10:01] {Threei} not sure
[10:03] {Threei} [10:01] {magoo} prob is mkt looks to be pulling back billy
[10:03] {Threei} [10:02] {Threei} watching but can't make up my mind yet
[10:03] {jfjf64} steady vol
[10:04] {Threei} I guess...
[10:04] {Threei} Long Setup: HID 19 break
[10:04] {Threei} if stays above 18.90
[10:04] {Threei} HIG that was
[10:05] {jfjf64} mkin higher lows
[10:05] {jfjf64} .04 in
[10:05] {magoo} in
[10:06] {jfjf64} large vol spike ??
[10:06] {Threei} no go
[10:06] {magoo} it duped us
[10:06] {nemo} duped you
[10:07] {jfjf64} grrrrrrrrrrrrrrrrr
[10:07] {Threei} hectic up and down within narrow range, not worth it
[10:07] {Threei} leave it alone
06[10:07] * nemo slaps magoo around a bit with a large minah bird
[10:07] {Threei} Long Setup: LVS .50 break
[10:07] {Threei} if holding above .40
[10:09] {magoo} in
[10:10] {nemo} me too
[10:10] {jfjf64} ditto
[10:11] {jfjf64} comon vadd do a little lvs dancs lvs lvs lvs
[10:11] {Threei} lol
[10:11] {jfjf64} double top double top double top
[10:12] {jfjf64} i think i gone nuts
[10:12] {Threei} almost 1:1
[10:12] {jfjf64} hig
[10:12] {Threei} I don't expect it to be more than a scalp
[10:12] {Threei} 1:1
[10:12] {Threei} I am out
[10:12] {magoo} out .60 DL ty boss
[10:13] {jfjf64} out
[10:13] {jfjf64} ty
[10:13] {magoo} let me beat u too it vad.......
[10:13] {Threei} [09:44] {Threei} this morning is not for open breaks so far, it's for pulback-catchers
[10:13] {nemo} I'll take the scalp (w a rusty knife)
[10:13] {Threei} look:
[10:13] {magoo} no, u cant go home yet
[10:13] {Threei} all pullback entries worked,
[10:13] {Threei} single time I tried breakout, hesitantly,
[10:13] {Threei} was the only stopped play
[10:14] {Threei} gotta go with my instincts and stop trying to outsmart myself
[10:14] {nemo} there's a joke in there somewhere
[10:14] {jfjf64} qid .60break
[10:14] {Threei} and not one nemo
[10:14] {Threei} I already thought of three
[10:15] {Threei} thgis I must show you guys,
[10:15] {Threei} I know you would believe my word too, without visual proof,
[10:15] {nemo} Vad would never tell a lie
[10:15] {Threei} but this precision and craftmanship deserve a little bragging
[10:16] {Threei} too bad only 300 shares were available, but:
[10:16] {Threei}
[10:16] {jfjf64} invalid breaks no wk
[10:16] {nemo} yeah, but you missed the 3$ short
[10:17] {Threei} can I kick this guy out of the room for the next three months?
[10:17] {Threei} let's vote
[10:17] {jfjf64} ??
[10:17] {Threei} [10:16] {nemo} yeah, but you missed the 3$ short
[10:18] {Threei} :)
[10:18] {nemo} I can hear you hand slapping yourself on the back from here
[10:18] {Threei} what, no single word of praising for the most precise entry possible on AIG today?
06[10:19] * Threei removes himself to a monastery for the next 7 years
[10:19] {magoo} i vote he stays (u owe me now capn nemo)
[10:19] {larisa} where did you exit ?
[10:19] {nemo} Sorry, I'm still getting organized from my internet fiasco
[10:19] {Threei} 24.86
[10:19] {larisa} very nice
[10:19] {nemo} why didn't you pick up an ese allotment a penny or two higher?
[10:19] {Threei} ty larisa, you are the only one I am going to comunicate with from Tibet
[10:20] {nemo} I can find you there
[10:20] {Threei} not if my cave entrance is protected with two machine guns... which is my intention
[10:20] {fernp} perfect entry Vad. 24.00 was lod
[10:20] {Threei} :)
[10:21] {BillyD} Vad, anything on chart for 24 on AIG or just looked right
[10:21] {Threei} pure guts
[10:21] {Threei} no technicals to this kind of things
[10:21] {BillyD} what I thought.......caught the very tip of the knife
[10:22] {Threei} some of bottom fishing can be done with some technicals, like we did on LVS
[10:22] {Threei} that one was based on certain chart structure
[10:22] {Threei} AIG was not
[10:22] {nemo} discretion was the bettor ({pun intended) part of valor on lvs
[10:23] {jfjf64} axp what up
[10:24] {jfjf64} .40 break was sleepin
[10:24] {jfjf64} lk at vol
[10:24] {jfjf64} vol never lies
[10:25] {ese} L hans .63
[10:25] {jfjf64} or does it vad
[10:26] {nemo} aig C&H?
[10:26] {Threei} kind of nemo
[10:27] {nemo} teeny weeny handle, but looks like it's breaking resistance on rising volume
[10:27] {jfjf64} gonna touch high ese nice
[10:28] {ese} Out HANS .78 +.15
[10:28] {nemo} 20k of the little buggers?
[10:28] {ese} tks
[10:28] {jfjf64} nice
[10:28] {ese} 4k
[10:28] {ese} sorry 3k
[10:28] {jfjf64} aig grrrrrrrrrrrrrrr nemo hope ya in c/h
[10:29] {nemo} no, it was gut
[10:29] {nemo} don't trust that yet
[10:30] {ese} I think hans is just gonna creep on up there jf
[10:30] {ese} almost at high now
[10:30] {ese} done deal
[10:31] {jfjf64} .89 break
[10:31] {jfjf64} hans in
[10:32] {ese} nice move as well jf
[10:32] {jfjf64} nice on little puulbk see what happens
[10:33] {nemo} interesting $ up and market up
[10:33] {wulff} revenge on HIG stop +.17
[10:34] {jfjf64} hit me grr
[10:35] {wulff} got back in at .82
[10:36] {jfjf64} fas .87 break
[10:37] {nemo} wow
[10:37] {magoo} in aig cross 19
[10:37] {magoo} liked it with futes
[10:37] {Threei} HIg you mean
[10:37] {magoo} i mean HIG
[10:37] {jfjf64} all out
[10:38] {ese} L zion .79
[10:38] {wulff} still have half lot
[10:38] {jfjf64} wow fas
[10:39] {ese} out zion .85 +.06
[10:39] {magoo} out here TY vad
[10:40] {ese} not trusting breakouts these days
[10:40] {magoo} want to catch a rip...but my instinct is scalpin
[10:40] {ese} me takes the intitial push and gets out if it pauses
[10:40] {magoo} very conflicted..cant catch a big one if i scalp
[10:40] {nemo} summer friday afternoon coming, question is: does the euphoria over the jobs report last?
[10:40] {magoo} but hate losing my $$
[10:40] {jfjf64} wfc
[10:41] {wulff} look at CAT resistance
[10:43] {fernp} have to go. see you all on monday
[10:43] {Threei} take care fern, have a good weekend
[10:43] {jfjf64} latre fern
[10:43] {ese} cya fern.....have a great weekend
[10:43] {Threei} biy, those europians... use any excuse to prolong their weekends and vacations {G}
[10:44] {ese} no kidding eh
[10:45] {wulff} AIG slow and steady
[10:45] {Threei} wulff must be the only one in this universe calling AIG slow this week
[10:46] {ese} L csco .67
[10:46] {jfjf64} lk .49 break aig 1000 shares .25cent stop
[10:47] {ese} bemoth......will take forever to climb
[10:47] {jfjf64} went to fast for me
[10:47] {nemo} behemoth?
[10:47] {ese} tks eggzactly
[10:47] {nemo} ur velcim
[10:48] {Threei} I think my mission on this planet is completed
[10:48] {ese} csco just crossed a 5 day high........this should carry on up if market keeps going
[10:48] {nemo} my typing isn't fubar yet
[10:48] {Threei} I taught so many people to spell things in the most perverse way possible
[10:49] {Threei} time to move to Jupiter
[10:49] {ese} your my idol there vad
[10:49] {nemo} they got monasteries?
[10:49] {Threei} although I have to say ese... your "eggzactly" leaves wanting a little
[10:50] {Threei} "eqzaktly" is more like it
[10:50] {nemo} koreqkt him Vad
[10:50] {ese} give me another chance.......just one more schance
[10:51] {ese} get goin csco you elephant you
[10:51] {nemo} frickin aig
[10:52] {nemo} wfc @ r1
[10:53] {nemo} aig touched and falling back
[10:53] {jfjf64} jpm monster
[10:55] {Threei} JAVA EU reportedly has found some problem areas in ORCL/JAVA merger deal related to middleware and database segments - unconfirmed report
[10:55] {Threei} - deadline for the companies to respond to a questionaire sent by the regulators is Aug 13.
[10:55] {Threei} - P... (9.11, -0.04, -0.44%) more... (related ORCL )
[10:57] {Threei} HIG feels like continuation
[10:57] {Threei} finding entry is not ver easy
[10:57] {Threei} jumpy
[10:57] {nemo} pru Vad
[10:57] {Threei} even jumpier
[10:58] {Threei} WFC, sheesh
[10:59] {magoo} this mkt is SICK
[10:59] {nemo} fits you to a "T"
06[10:59] * nemo slaps nemo around a bit with a large trout
[11:00] {nemo} your welcom magoo
[11:03] {nemo} aig break of .50?
[11:03] {Threei} if you can handle its volatility
[11:03] {nemo} guess it could go either way
[11:05] {ese} out csco .73 +.06
[11:05] {ese} 6k.....that good enough aye yi yi....that things moves slow
[11:06] {nemo} no
[11:09] {jfjf64} good day alll off to da bank got to luv this buiz
[11:09] {Threei} take care jf
[11:09] {jfjf64} ty for eveythin
[11:10] {BillyD} just an r & g short of complete word
[11:10] {BillyD} getting better
[11:10] {BillyD} lol
[11:10] {jfjf64} lol
[11:10] {BillyD} cya JF :)
[11:17] {BillyD} did time stop
[11:17] {nemo} happens when vad goes into coma
[11:18] {BillyD} can hear the PC fan motor to perfection
[11:18] {Threei} lol
[11:18] {Threei} nemo... as if I ever came out of it
[11:26] {nemo} fas break?
[11:26] {Threei} feels like a trap rathere
[11:26] {nemo} that was my gut, but thought I'd ask
[11:55] {BillyD} HIG is holding fairly well
[11:56] {Threei} tough read...
[11:59] {BillyD} these little mkt spikes mess up setups that try and form
[12:01] {magoo} fearful to short today...
[12:07] {ese} hmmmmmm....i'm fearfull shorting just about all the time....can't figure that out......
[12:07] {wulff} WFC short
[12:07] {BillyD} I like it
[12:07] {nemo} turn the chart upside down ese
[12:09] {ese} oh ya sure.......
[12:09] {ese} alright i'll give it a try
[12:09] {nemo} same patterns upside down
[12:09] {wulff} Wulff asks WFC to please drop
[12:10] {nemo} wulff type "/me asks WFC to please drop"
[12:10] {BillyD} where you in at wulff
[12:10] {wulff} 29 short
[12:10] {ese} hey works........Ok short 88000shs ofdrys
[12:10] {nemo} ese, wait till the buzz wears off
[12:11] {ese} just kidding......
[12:11] {nemo} jeez, thought you wer going to ask if I wanted to buy a bridge
[12:14] {wulff} I got to get some hobbies
[12:14] {wulff} this is torture
[12:16] {Threei} market is locked in 5 poits range for hour and half
[12:16] {Threei} why push?
[12:27] {Threei} AIG Discloses retention pay to cost $1.1B through 2011 - filing (26.60, +4.07, 18.06%)
[12:27] {larisa} ese, scalp shorts examples : counter trend shorts on JPM : 10:59 top created perfect price divergence and 12.08 double lower top. Strong stock, so scalps only. You have to feel exhaustion though price would still rise. Shorting bottoms on weak stock is diff mindset
[12:28] {dptl} good morning all
[12:28] {Threei} lol dp
[12:28] {dptl} :)
[12:28] {larisa} but "THEY" say trader have to do longs and shorts equally easy. Vad you agree ?
[12:29] {larisa} hi dp:)
[12:29] {Threei} I do larisa
[12:29] {Threei} it's not "must"
[12:29] {Threei} but it's a natural outcome of a trader's development
[12:30] {Threei} as one gets rid of ego-governed directional bias
[12:30] {Threei} it becomes absolutely the same
[12:30] {Threei} movement is movement, there is no emotional attachment to any direction
[12:31] {Threei} whichever way setup forms, you just take it'
[12:35] {patel} u like LVS over 12
[12:36] {Threei} if it weere Monday I would confidently say yes
[12:36] {Threei} chart is ggrea
[12:36] {patel} yup
[12:36] {Threei} time of day and day of the week is nort
[12:36] {patel} 200 day chart looks great
[12:36] {patel} nothing over 12
[12:36] {Threei} right
[12:37] {nemo} but it's Friday afternoon...does the market have another run?
[12:37] {patel} thats true nemo
[12:39] {Threei} 1:1
[12:40] {nemo} nice call patel
[12:40] {patel} tks
[12:41] {patel} i thought it could run after i saw the 200 day chart
[12:41] {nemo} should we generally be looking at scalps on Friday afternoon Vad?
[12:41] {Threei} [09:32] {Alert} Threei LVS, 11.90 long establishd resistance
[12:41] {Threei} [09:33] {Alert} Threei if takes it and doesn't trip of 12, has a a #discussionsce for a big move
[12:41] {Threei} generally, yes
[12:42] {nemo} unless your name is "Magoo"
[13:03] {Threei} US Treasury's Kruger: There are increasing signs that the economy is stabilizing
[13:04] {Threei} 2H09 growth in economy is 'plausible'
[13:04] {Threei} - Administration is concered over data showing long term unemployment
[13:17] {Threei} what's our obligatory phrase no day goes without?
[13:18] {larisa} I like him. let him talk :)
[13:18] {Threei} hehe
[13:19] {Threei} (US) President Obama: We are pointed in the right direction, jobs report is another sign the worst is behind us (related EUR/USD )
[13:50] {nemo} hows the coma vad?
[13:50] {Threei} just perfect
[13:50] {Threei} why?
[13:51] {nemo} bored...thought I'd ask, why?
[13:58] {Threei} 25% Agree With Pelosi That Health Insurers are Villains
[13:58] {BillyD} rofl
[13:58] {wulff} the other 75% agree she is a villian
[13:58] {Threei} :)
[13:58] {BillyD} they must know "they" of the market
[13:59] {larisa} :)
[14:01] {larisa} CNBC will believe this rally was for real when DJI back to 14K ?
[14:01] {BillyD} then it will be over
[14:03] {Threei} this is the concept I never really understood
[14:04] {Threei} everyone discussing "real" the rally is or not
[14:04] {nemo} rally is a
[14:04] {Threei} what do they mean not real, I see it with my own eyes
[14:04] {Threei} it happens
[14:04] {Threei} how can it be not real
[14:04] {nemo} they sound like a good argument for retro-active abortion
[14:04] {Threei} if they mean it's short-lived, well
[14:05] {Threei} that's up to anyone's market read
[14:05] {Threei} but whether it continues for 3 days or 3 years, it's real
[14:05] {Threei} words "fake rally" make no sense to me
[14:05] {BillyD} if it makes my stock move it is
[14:06] {Threei} I ave just one qwuestion
[14:06] {nemo} why?
[14:06] {Threei} if I go long and make money, and then they call the rally fake,
[14:06] {Threei} do I have to return my profit?
[14:06] {nemo} you have to give it to me
[14:06] {dptl} lol
[14:07] {BillyD} it would be the right thing to do vad
[14:07] {Threei} why... I invite you to go long with me, no?
[14:07] {Threei} free will, ya know
[14:07] {Threei} I am a big fan of free will
[14:07] {nemo} what's your's is mine and what's mine is mine...oh forgot, that's what wives say
[14:08] {Threei} I also like to take "theirs" from those who want to take mine {G}
[14:09] {nemo} yep...and some body parts to boot
[14:09] {Threei} I believe in reciprocation, and reciprocator's gotta do what reciprocator's gotta do
[14:10] {Threei} two machine guns in front of my Tibet cave entrance reinforce this motto
[14:10] {Threei} WFC... consolidation above 29 becomes interesting
[14:11] {Threei} if upward markert thurs proves a trap again,
[14:11] {Threei} Short Setup: WFC 29 breakdown if stays below 21.10
[14:11] {Threei} LVS... sigh
[14:12] {Threei} why couldn't 12 break occur on Monday
[14:12] {nemo} not fair
[14:12] {larisa} why? Friday's rally are fake? :)
[14:14] {Threei} I would be all over it with repetitive warning "not a scalp"
[14:14] {Threei} yes larisa... they are :)
[14:14] {larisa} ahha
[14:15] {Threei} diamonds given on Fridays are fake
[14:15] {Threei} salmon caufght on Friday is farmed
[14:16] {Threei} beef bought on Friday is ornages-fed
[14:16] {larisa} k, i got the picture
[14:17] {Threei} good... I may stop short of discussing silicon then
[14:18] {Threei} interesting... MGM is up but not following LVS in this recent explosion
[14:20] {Threei} WFC triggered
[14:23] {chiro} target on WFc?
[14:23] {Threei} can't really tell whether it's just a scalp of capable of more
[14:23] {Threei} let's comrpomise
[14:24] {Threei} if it works, cover 2/3 or 3/4 around 1:1
[14:24] {Threei} 1:1
[14:25] {Threei} covered 2/3
[14:25] {Threei} stop to 29.02
[14:25] {chiro} t u
[14:25] {Threei} y w
06[14:26] * Threei slaps nemo around a bit with a large reminder that good coma never stood in the way of good trading
[14:26] {BillyD} ty wfc
[14:26] {Threei} :)
[14:27] {jfjf64} ty also vad poped back in office nice nice got to luv ittttttttttttttttt
[14:28] {Threei} lol
[14:29] {Threei} you are insuffereable jf... your passion to make money, lol
[14:29] {Threei} probably exceeds evcen my ability to mistype things
[14:30] {dptl} ok...:)
[14:30] {dptl} have a good weekend all :)
[14:30] {Threei} take care dp, have a good one
[14:31] {Threei} (those lazy vancouverities)...
[14:31] {Threei} worse than europians
[14:31] {dptl} Vad fish here so trying to get as much as i can lol
[14:31] {Threei} get some for me?
[14:31] {jfjf64} i watched scarface last night got pumped up seein them carryin duffle bags of cash too bank turned out to be great day say hello to da bad guy
[14:32] {Threei} 'cause you know, they say we will run out of it somewhere around 2032
[14:32] {Threei} lol jf
[14:32] {dptl} my freezer is preatty much full :)
[14:32] {jfjf64} nice dp
[14:32] {Threei} scared to think what happens if you watch Once Upon a Time in America
[14:33] {jfjf64} vad must hv a walk in box what ya think
[14:33] {Threei} mine has some room, dp
[14:33] {dptl} would you like it salted or fresh?
[14:33] {Threei} ummm... both? :)
[14:33] {dptl} lol.....ok
[14:34] {jfjf64} take it any way i cd gt it
[14:34] {magoo} AIG
[14:34] {Threei} I accept fish as a bribe
[14:34] {Threei} I haven't come up with idea what to be bribed for though
06[14:34] * magoo slaps Threei around a bit with a large trout
[14:34] {dptl} :) got it
[14:35] {jfjf64} missed it mags lv that set up
[14:35] {Threei} no new news AIG
[14:37] {jfjf64} ge s .74 trigger
[14:51] {magoo} AIG vad..try and read it
[14:51] {magoo} i scalped 28 to .25
[14:53] {Threei} AIG is not a matter of read mags
[14:53] {Threei} it's a matter of risk
[14:54] {Threei} and it's unsuitable for 99%
[14:54] {magoo} in .34 out .71
[14:54] {magoo} more like FEEL
[14:56] {BillyD} HIG creeps up
[14:58] {Threei} PIMCO's El Erian: Bull market in equities is not likely to last
[14:58] {Threei} too early to call for a vigorous economic recovery
[14:58] {Threei} - Reminder on 7/29 El Erian called the July equities rally a 'sugar high'
[14:58] {Threei} read; "crap, we missed it"
[14:59] {BillyD} lol
[14:59] {_prth} someone must be short the market
[14:59] {Threei} or that
[14:59] {BillyD} your news feed is cheap entertainment for you with occasional vocational use
[14:59] {Threei} calls certain US assets like US stocks are overbought in relation to their fundamentals
[14:59] {Threei} lol Billy
[14:59] {BillyD} what's new with stocks
[15:00] {Threei} *JUNE CONSUMER CREDIT: -$10.3B V -$5.0BE
[15:01] {Threei} whoa
[15:01] {Threei} AIG
[15:01] {magoo} thats why its scary\
[15:01] {magoo} glad im out
[15:01] {Threei} mama
[15:02] {magoo} HOLY SHIT
[15:02] {Threei} gravity does exist after all???
[15:02] {nemo} wtf'
[15:02] {Threei} no, can't be
[15:02] {nemo} anyboy short it
[15:02] {magoo} i got out 28.71
[15:02] {Threei} 14:53] {Threei} AIG is not a matter of read mags
[15:02] {Threei} [14:53] {Threei} it's a matter of risk
[15:02] {Threei} [14:54] {Threei} and it's unsuitable for 99%
[15:02] {magoo} my response
[15:03] {Threei} WFC baby!
[15:03] {Threei} over 1:2
[15:03] {Threei} I am out
[15:03] {magoo} [14:54] {magoo} in .34 out .71
[15:03] {magoo} [14:54] {magoo} more like FEEL
[15:03] {Threei} AIG Names certain director changes (26.93, +4.40, 19.53%)
[15:04] {Threei} you'd think they designated Fidel Castor in directors
[15:04] {Threei} Castro too
[15:04] {magoo} and chuckie manson vad
[15:04] {Threei} lol
[15:04] {Threei} - William J. Glasgow has been named Chief Restructuring Officer of AIG Global Real Estate, the international real estate investment organization.
[15:04] {Threei} - In conjunction with the overall restructuring of AIG, AIG Global Real Estate has previously announced its intention to divest certain holdings in its real estate business. Mr. Glasgow will oversee the execution of the real estate restructuring program
[15:04] {Threei} - Robert G. Gifford has been named President and Chief Executive Officer of AIG Global Real Estate, the international real estate investment organization.
[15:07] {Threei} anyone did partial on WFC short?
[15:09] {BillyD} no, but reshorted at .79 and coveredfor scalp
[15:09] {Threei} :)
[15:21] {magoo} GS crushed
[15:30] {magoo} GS no bounce yet
[15:35] {ese} well it's been a day.........couple of good trades but still waitin on DRYS......yall have a good weekend now ya hear....
[15:35] {ese} see you monday
[15:35] {BillyD} cya ese
[15:35] {ese} later BD
[15:37] {Threei} take care ese
[15:52] {magoo} ok..out TY vad best week of year
[15:53] {larisa} bye :)
[15:53] {nemo} wait till Dino gets back...hehehehe
[15:53] {Threei} ciongratulations mags
[15:53] {magoo} :)
[15:53] {magoo} hope dino isnt a jinx
[15:54] {magoo} hes back monday
[15:54] {nemo} well, he won't be able to trade until he gets a new computer
[15:54] {BillyD} send him on a cheap camping vacation then
[15:54] {magoo} they brought it in today
[15:54] {BillyD} lol
[15:54] {BillyD} same exact one magoo
[15:55] {nemo} gnite
[15:56] {BillyD} have a good wknd everyone...cya
[15:57] {Threei} thank yiou all
[15:57] {Threei} have a great relaxing weekend
[15:57] {Threei} see you on Monday

Labels: , , ,

Thursday, August 6, 2009

Aug 06 2009

Beautiful morning with 4 winning trades on HIG and BAC, then one stop on HIG, and a lot of nothing on the afternoon. Read the trades and explanations to them as we managed to insert some educational content as well.

Session Time: Thu Aug 06 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 580K v prior release of 584K (range seen from 550K to 600K)...more...
[08:16] {Threei} AIG... eeck
[08:16] {nemo} OMG
[08:16] {nemo} How do you trade that?
[08:16] {Threei} you don't
[08:17] {nemo} kinda' rhetorical question
[08:17] {Threei} unless you gamble, but then it won't last long
[08:17] {Threei} (US) Obama administration considering reorganization of Freddie Mac and Fannie Mae - Washington Post
[08:17] {Threei} - Companies' troubled assets would be pooled into a govt-sponsored corporation (related FNM FRE AIG XLF IEF TLT SHY EUR/USD EUR/JPY USD/JPY GBP/JPY GBP/USD USD/CHF SPY GLD DIA )
[08:17] {Threei} hiow is it different from what we have today?
[08:17] {Threei} FRE and FNM ARE govt-sponsored corporations
[08:18] {Threei} AIG Stock trading up another $6 on no apparent new news (22.00, 0.00, 0.00%)
[08:18] {Threei} yeah, we noticed
[08:24] {nemo} Mmmmhhhh...I wonder if AIG is being thought of as a FNM FRE?
[08:26] {Threei} NDAQ Exec: notes they are in talks with regulators about flash trading; NDAQ began flash trading in June (21.66, 0.00, 0.00%) (related NYX )
[08:26] {cosmo} AIG's Blames "Perfect Financial Storm" For Its Woes, Cites "Run On the Bank"
[08:26] {cosmo} In A New Twist On Cause Of Collapse
[08:26] {nemo} So it wasn't stupid management?
[08:27] {cosmo} didm't say....
[08:27] {Threei} AIG is effectively insurance company
[08:27] {cosmo} didn't
[08:27] {Threei} know any that would survive all their customers filling claims at the same time?
[08:27] {nemo} always was, but they're sponsored by the government
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 550K V 580KE; CONTINUING CLAIMS: 6.310M V 6.250ME
[08:36] {nemo} market shrugging off the unemployment report so far
[08:36] {jfjf64} mornin
[08:37] {Threei} jf :)
[08:56] {Threei} AIG dropped almost 4 points from high
[08:56] {nemo} why didn't we short? :)
[08:56] {Threei} 3 more and it's actually back in close, lol
[08:57] {larisa} good morning :)
[08:57] {nemo} hi lari
[08:57] {Threei} larisa :)
[08:57] {larisa} nemo, vad :)
[09:02] {JohnK} gm folks
[09:02] {Threei} John :)
[09:05] {fernp} good morning everybody
[09:06] {Threei} fern :)
[09:08] {wulff} just stole .80 from AIG
[09:09] {Threei} :)
[09:09] {jfjf64} nice wulff
[09:09] {wulff} can't trade today, so I feel good about that
[09:18] {ese} good morning.......
[09:19] {Threei} ese :)
[09:21] {Threei} US) White House Econ Adviser Romer: Remains reasonable to predict positive GDP growth by the end of 2009
[09:21] {patel} good morning
[09:21] {Threei} so... what's our next AIG?
[09:21] {Threei} patel :)
[09:22] {nemo} AIG
[09:23] {Threei} this kind of moves rarely happens in vacuum... traders start looking, and usually find, the next name to run ina similar fashion
[09:23] {ese} aig has to be the ultimate short cover......that was pretty amazing to watch yesterday
[09:23] {Threei} well, amazing thing is, it didn't it have that many shorts in it
[09:24] {nemo} 18% or so
[09:24] {Threei} 18% of float was shorted according to July numbers
[09:24] {Threei} whihc is nice to squeeze of course
[09:24] {Threei} but it's not anywhere close to numbers that could warrant ssuch move
[09:28] {Threei} HIG Completes Discretionary Equity Issuance Plan, raising size to $900M from $750M (16.50, 0.00, 0.00%)
[09:29] {nemo} bac moving
[09:29] {Threei} HIG too
[09:30] {jfjf64} hig wow
[09:31] {Threei} Long Setup: HIG .50 break
[09:31] {Threei} if stays above .35
[09:31] {Threei} not a scalp for me
[09:32] {ese} in
[09:32] {jfjf64} in .52
[09:33] {Threei} half out .84
[09:33] {JohnK} great trade HIG thx T :)
[09:33] {Threei} 1/4 more out 18.03
[09:33] {ese} out .04
[09:33] {jfjf64} tytyty
[09:33] {ese} +.50......thank you vad
[09:33] {Threei} stop to b/e for the last piece
[09:34] {Threei} that was my "next AIG" play for the first 5 minutes
[09:34] {Threei} can I go hopme?
[09:35] {nemo} that was too wild for me
[09:35] {jfjf64} .35 break bac ya lk vad
[09:35] {Threei} it was wild on profitable move side... entry was quite normal
[09:35] {ese} yes you may go home.......
[09:35] {Threei} best kind
[09:35] {Threei} enter calmly, dump into crazy jump
[09:36] {ese} question now is.......where will it settle and when to get back in again
[09:36] {jfjf64} ditto that was great stuff
[09:37] {Threei} so rry jf, I am not ingoring you, it's just that BAC answered question by itself
[09:37] {Threei} HURN...
[09:38] {jfjf64} you cd ignor mee no prob +48 cents too start day keep ignor in me
[09:38] {Threei} Long Setup: HIG .60 break if holding .,50
[09:39] {jfjf64} in
[09:39] {Threei} 1:1
[09:39] {Threei} half out
[09:40] {Threei} or scalp
[09:40] {Threei} can't tell this time
[09:40] {jfjf64} all outr
[09:40] {JohnK} thx again T, great trade
[09:40] {Threei} welcome
[09:40] {Threei} jeez, where is magoo
[09:40] {Threei} this is his style trades, he will cry like a baby
[09:40] {jfjf64} ty pls ignore me one more time
[09:40] {Threei} lol
[09:41] {nemo} not after the week he's had
[09:41] {Threei} you clearly don't know magoo very well
[09:41] {nemo} He's probably out shopping for Dino's new computer
[09:41] {Threei} "nevcer enough" is his mortto
[09:42] {jfjf64} met l .40 break
[09:42] {Threei} mistype 2 words out of every 3 is mmine, obviously...
[09:42] {ese} zion off like a rocket
[09:43] {Threei} yeah, traders go over financial names looking for the next AIG
[09:43] {ese} pick a financial institution ....any financial institution
[09:44] {cosmo} tobacco plantations
[09:44] {jfjf64} mbi 6.90 break
[09:45] {jfjf64} in .92
[09:45] {ese} hig Long at .80 vad?
[09:45] {jfjf64} stop
[09:45] {Threei} I'd like it to consolidate closer tyo it ese
[09:46] {Threei} as it stands, srtop would have to be under .60
[09:46] {Threei} a bit too wide for my taste
[09:46] {ese} ok
[09:47] {jfjf64} mbi l .95 stop .80
[09:49] {ese} most financial institutions heading down....blow off top
[09:49] {ese} fitb -.46
[09:49] {ese} etc etc
[09:49] {magoo} morn, running late]
[09:49] {Threei} awwww
[09:50] {jfjf64} invalid mbi
[09:50] {magoo} DO NOT SAY IT:)
06[09:50] * Threei slaps magoo around a bit with a large roll of missed profits
[09:50] {Threei} lookie here mags, after 50 cents move on a first opening trade in a matter of seconds after entry:
[09:51] {Threei} [09:40] {Threei} jeez, where is magoo
[09:51] {Threei} [09:40] {Threei} this is his style trades, he will cry like a baby
[09:51] {Threei} 09:41] {nemo} not after the week he's had
[09:51] {Threei} [09:41] {Threei} you clearly don't know magoo very well
[09:51] {Threei} [09:41] {Threei} "nevcer enough" is his mortto
[09:51] {Threei} 1:2 for those who partialled HIG
[09:52] {magoo} im crying here like a baby..SERIOUSLY
[09:52] {Threei} I know :(
[09:52] {jfjf64} ddr break .82
[09:52] {Threei} HIG opening break, you would be all over it
[09:52] {cosmo} HURN won't die...holding 15.20
[09:52] {magoo} see, i like to make it when we can..never enough
[09:52] {Threei} see this long tail over 18?
[09:53] {Threei} that's where we exited
[09:53] {magoo} AIG too...AW SIGH
[09:53] {Threei} well, AIG doesn't pain me
[09:53] {Threei} that was beyond normal read
[09:53] {Threei} and well beyond normal risk
[09:54] {magoo} any read RIMM here?
[09:54] {ese} HURN looks like a great long bet cos
[09:54] {Threei} RIMM{ not so much
[09:54] {Threei} jf's MBI is of some interest though
[09:54] {Threei} report was not so rosy by it,
[09:54] {Threei} yet it gapped up,
[09:55] {Threei} and look at its daily
[09:55] {cosmo} ese....i think i killed it ...sigh
[09:55] {ese} nawwww....this one will bounce back
[09:55] {Threei} it breaks 7 - 7.10 zone, there is nothing up to 8
[09:55] {cosmo} needs to hold 15 imo
[09:56] {ese} yes agreed
[09:56] {Threei} and if it takes 8, 11 is next, and minor, resistance
[09:56] {Threei} to me, it's now a matter of whether traders consider it "next AIG"
[09:56] {ese} am gonna wait for this one to settle cos.....i'd like to go long on it
[09:57] {ese} higher low in conjunction with market and off it will go
[09:57] {magoo} AIG crashed 3 points
[09:57] {Threei} yeah, it does it now and then, lol
[09:57] {cosmo} hmmm
[09:58] {jfjf64} need market bounce in this ddr
[09:58] {magoo} HIG pulls bk
[09:58] {ese} if i can get drys closer to 6 as well....i'm gonna buy a crap load of that also
[10:02] {ese} vad tell me what you think of SCHW when you get a of them consolidating at the highs things
[10:03] {Threei} I like it with market help ese
[10:03] {ese} tks .....
[10:04] {magoo} BAC vad..bouncer
[10:04] {Threei} yes
[10:04] {Threei} usual method of hunting
[10:04] {Threei} .70 break
[10:04] {Threei} stop under .60
[10:05] {ese} l schw .02
[10:05] {Threei} under .64 for extreme scalpers
[10:05] {ese} small
[10:05] {Threei} 1:1 for those pesky extreme scalpers
[10:05] {fernp} ty vad
[10:05] {Threei} 1:1 for the rest
[10:05] {Threei} nice and easy
[10:05] {magoo} in .67 out .82 DL TY BOSS
[10:05] {Threei} hehe
[10:05] {Threei} magoo's revenge
[10:06] {Threei} I envision him buying BAC with scream "that's for missed HIG!!!"
[10:06] {magoo} i was yelling "run forest run" really
[10:06] {Threei} 1:2
[10:07] {Threei} you know this way of bottom hunting guys, just never forget:
[10:07] {Threei} doing this you must be ready for multiple tries
[10:07] {Threei} and that might hurt
[10:07] {Threei} if you are not, do it in a different fashion:
[10:08] {magoo} MBI vad, take a look
[10:08] {Threei} be ready to miss THE bottom, and watch for bottoming formation,
[10:08] {Threei} like double bottom
[10:08] {Threei} not delighted by MBI
[10:09] {Threei} let me explain the thought process
[10:09] {Threei} MBI at this point becomes a failed breakout play,
[10:09] {Threei} it was looked at as possible runner,
[10:09] {Threei} it failed,
[10:09] {Threei} no major attention to it until and unless it retirns to 7 and breaks it,
[10:10] {Threei} so it kind of becomes a food for small pikers till then,
[10:10] {Threei} and that's not who we want to try and profit from.
[10:10] {Threei} that's hard competiton for every 5 cents
[10:10] {Threei} we want big fish to come in and run things
[10:11] {Threei} then we have kind of movement and volume giving us our risk/reqards
[10:11] {Threei} rewards too
[10:11] {Threei} here comes BAXC for p[ossible double bottom
[10:12] {Threei} BAC
[10:12] {Threei} perfect
[10:12] {Threei} same setup
[10:12] {Threei} .70 break
[10:12] {Threei} if holding above .60
[10:12] {Threei} same stop for extreme scalpers as last time too
[10:13] {Threei} and same outcome once again
[10:13] {Threei} 1:1 for pesky scalpers
[10:13] {Threei} 1:1 for the rest
[10:13] {fernp} ty again
[10:13] {Threei} welcome again
[10:13] {nemo} figures, my executor was disconnecte
[10:14] {Threei} you had total interenet disconenction
[10:14] {Threei} [10:03] * nemo ( Quit (Ping timeout: 121 seconds)
[10:14] {nemo} could see the charts and LII, couldn't enter order
[10:14] {Threei} usually losing connector in such cases
[10:14] {nemo} logging in again now
[10:14] {ese} atvi....pattern right out of vads book........ummmmmm maybe slightly tighter consolidation
[10:16] {Threei} don't go for BAC this time
[10:16] {Threei} it's only on a surface that it loks like the same thing third time
[10:16] {Threei} in reality it's more likely to fail
[10:16] {Threei} there, new low
[10:17] {nemo} short?
[10:17] {Threei} don't know
[10:18] {cosmo} GLBL firm
[10:18] {Threei} back to MBI:
[10:19] {Threei} now that it reached 6, resiastance from yesterday
[10:19] {Threei} it has a chance to put bottom in and become a bounce play
[10:19] {Threei} what I want to see is prolonged consolidation,
[10:19] {Threei} forming of a nice solid resistance level
[10:19] {Threei} then breaking it while never losing 6
[10:20] {magoo} AIG crshed
[10:20] {Threei} jf... you asked for 3 for 3 yesterday
[10:20] {Threei} we got 4 for 4
[10:21] {nemo} 2 higs and bac, what was the other?
[10:21] {Threei} BAC twice
[10:21] {nemo} oh yeah, my internet failure
[10:22] {Threei} this MBI move is not to my liking
[10:23] {magoo} io just raped AIG for a point .60 out 23.63 IM BACK
[10:24] {magoo} im having such a great week i hope dino never comes bacvk...he must be bad luck
[10:25] {Threei} lol
[10:25] {ese} schw strong against market
[10:25] {magoo} better edit that one boss..he reads them some times he he
[10:27] {ese} come on drys........down just a little bit more
[10:27] {larisa} I think dino will like this one, vacation forever, no magoo... :)
[10:27] {cosmo} GLBL waits patiently for mkt reversal
[10:27] {cosmo} me thinks
[10:28] {cosmo} 8.65 hod
[10:29] {magoo} that does it larisa ............
06[10:29] * magoo slaps larisa around a bit with a large trout
[10:29] {nemo} tough magoo
[10:30] {ese} there a price target on GLBL
[10:30] {nemo} rimm base building
[10:31] {cosmo} should hold 8.30 to stay interesting
[10:31] {ese} CNBC's Faber: Reiterates that move over past two sessions does not appear to be news related; Speculates short squeeze (23.41, +1.41, 6.41%)
[10:31] {ese} duuuhhh......
[10:31] {nemo} yep rimm base built
[10:32] {magoo} yea..and they call him "the brain" for those astute observations
[10:33] {ese} schw....there she blows
[10:36] {ese} stop to break even
[10:39] {cosmo} GLBL tests
[10:41] {ese} out schw .13 +.11
[10:43] {larisa} wow HIG
[10:44] {larisa} 17.20 bottom looks nice now :)
[10:44] {larisa} I got a signal 17.35. DID not take it silly
[10:44] {magoo} yea..was looking at it on cross of .50..missed it
[10:45] {Threei} so... HIG will be new AIG{ looks like
[10:45] {larisa} crossing .50 good wntry too with .43 support
[10:45] {ese} bstop drys .41
[10:45] {Threei} yeah, acts like it
[10:45] {magoo} yea vad..gotta watch if IF traders want to run it 8 points
[10:45] {Threei} picks up the pace, tajkes out resiatnces
[10:46] {Threei} pullbacks are well supprted
[10:46] {cosmo} GLBL tests .65 resistance
[10:46] {cosmo} could hit 9 .....
[10:49] {Threei} okay... in
[10:49] {Threei} stop under .50
[10:49] {Threei} risky as hell
[10:49] {nemo} hig?
[10:49] {Threei} yeah
[10:50] {Threei} can take a few tries
[10:50] {ese} L drys by the way...sorry .39
[10:50] {Threei} but if goes, not selling first partial tll near 19
[10:50] {magoo} i got your back vad..willl follow u anywhere
[10:51] {Threei} no worky
[10:52] {Threei} deeper pullback will be next chance hopefully
[10:52] {Threei} if it breaks from here, it's a shakeout... tough to find re-wentry on those
[10:55] {Threei} .30 break long if stays above .20
[10:55] {Threei} again - stay away if not ready for a few tries
[10:55] {ese} HMIN....heres one i haven't heard of before up +5.5
[10:57] {ese} L fuqi .00 small
[11:00] {chiro} L amgn 61.02
[11:01] {cosmo} GLBL should hold 8.50 ... or its time to walk the dogs
[11:01] {Threei} recalibrating HIG
[11:01] {Threei} .25 break
[11:02] {Threei} stop under .10
[11:02] {magoo} in
[11:03] {ese} fuqi uki......butting up against 28.00 nicely
[11:03] {Threei} 1:1
[11:06] {Threei} losing momo
[11:07] {Threei} not looking good for a big run so far
[11:14] {Threei} US TARP Inspector General: Some recipients of TARP did not necessarily meet quantitative criteria (related XLF )
[11:20] {ese} out fuqi .01 +.01 ain't goin nowhere
[11:22] {ese} rats cos....was watching other things and missed the runup in HURN
[11:33] {ese} nice run for schw
[11:34] {Threei} yup
[11:37] {nemo} cat is up with the $...interesting
[12:03] {_prth} what is your take on the rsi indicator?
[12:03] {Threei} as any of them,
[12:04] {Threei} useful as far as you understand the underlying price action and use it as a visual help to interpret it,
[12:04] {Threei} useless and even harmful if you expect it to tell you what to do.
[12:04] {nemo} the 3i indicator is better
[12:07] {_prth} for example on bac coming down right now looking for a bounce off the low of the day with the rsi dipping below 30 and going above, if it never gets there then no trade
[12:08] {chiro} rimm ..ndl
[12:13] {patience} prth, i use rsi as a substitute for reading level 2 (there's logic in there somewhere). point is, rsi works most of time except for full moon like today, it's august, and euphoria can last longer than common sense. i shorted Teck few days ago based on rsi and took until today to make my profit....sorry, long post
[12:17] {_prth} takes forever because I only take it in the direction of the day and only get 1 or 2 set ups, so today I would only take a long on bac and yes the 3i indicator is way better
06[12:17] * Threei takes a bow
[12:18] {Threei} here is something for you guys and gals to enjoy for the next few minutes, jf excluded:
06[12:18] * magoo slaps Threei around a bit with a large trout
[12:18] {Threei}
[12:18] {Threei} patience, ese... for you especially :)
[12:18] {Threei} all images are clickable
[12:19] {patience} life is good here :)
[12:21] {dptl} good morning all
[12:21] {Threei} dp :)
[12:21] {Threei} another late sleepers missing beautifl plays
[12:21] {ese} it sure is patience....nice pictures vad. Was that around the San Juan islands or on the west coast of the island
[12:21] {dptl} no fishing again ..just got back :)
[12:21] {ese} or was that just in fromt of dps house?
[12:22] {Threei} just off Sidney
[12:22] {ese} I didn't kn ow that the sea lions hung out
[12:24] {ese} where did the tour originate from....victoria or Sydney?
[12:25] {Threei} Sindey, dock at the bottom of Beacon Ave
[12:26] {ese} couple of miles up the road from you....perfect
[12:28] {ese} is the tour specific.....or will they take you anywhere that you would like to go?
[12:29] {Threei} This one is specicifc but ZI understand they do charter as well
[12:50] {magoo} vad..we in anything?
[12:51] {Threei} coma
[12:51] {nemo} beat me to it
[12:51] {Threei} (predictable answer, but then again, you knew it when asked)
[12:51] {nemo} certain things must be routine
[12:58] {magoo} vad..HIG gets active
[12:58] {Threei} White House press secretary Gibbs: GSE reform will be part of the financial market regulation overhaul, but no meeting specific to reforming Fannie and Freddie is planned
[12:58] {Threei} - says any decision on reform for the GSE's is "light years away."
[12:58] {Threei} - reminder: The Washington Post reported this morning that the Obama Administration is considering reorganization of Freddie Mac and Fannie Mae.
[12:58] {Threei} - On Korea, Gibbs insists no change in US policy toward North Korean nuclear program following President Clinton's mission.
[12:59] {jfjf64} what up guys steped away
[12:59] {Threei} oh, just some new pics for you jf
[12:59] {jfjf64} ahhhhhhhhhhhhhhhhhhhhh
[12:59] {jfjf64} not pics
[12:59] {jfjf64} lol
[13:01] {ese} pitty the people who bought AIG close to 30 thinking it was gonna still keep heading up
[13:03] {magoo} no..they all sold out
[13:05] {Threei} ummm
[13:05] {Threei} to whom? :)
[13:05] {jfjf64} ago .20 break
[13:10] {jfjf64} invalid
[13:29] {ese} well she wouldn't get kicked out of Disneyland
[13:29] {Threei} who?
[13:30] {nemo} belle
[13:30] {ese} belle
[13:30] {Threei} gosh... you guys... :)
[13:30] {Threei} you keep those mesages in main window?
[13:30] {nemo} didn't know you could remove them
[13:30] {ese} keep ....keep....they just show up
[13:31] {Threei} mine are in status
[13:31] {Threei} why clutter #discussions
[13:31] {larisa} lol
[13:32] {jfjf64} .15 break ago
[13:32] {nemo} how do you remove it
[13:32] {nemo} on what jf?
03[13:32] * Retrieving #discussions modes...
[13:33] {jfjf64} AGO
[13:33] {Threei} lol
[13:33] {nemo} yuk yuk yuk
[13:38] {jfjf64} this ago died on me ohh well
[13:53] {jfjf64} .84 short ago
[13:53] {nemo} which stock :)?
[13:57] {jfjf64} half out
[13:58] {jfjf64} all out
[14:01] {jfjf64} grrrr
[14:02] {nemo} draw a trend line next time
[14:08] {jfjf64} .55 l ago
[14:09] {nemo} Hasn't broken trend why going long?
[14:09] {larisa} nemo, did you know not all people trading using trend lines ? :) there are million systems out there :)
[14:10] {jfjf64} bounce time
[14:10] {nemo} I was asking why, that's all, had been staying under the BB ma
[14:11] {jfjf64} ty larissa
[14:11] {larisa} I understand. Always amazes me, how 2 people can look at same stock and have opposite view what to do with it
[14:12] {nemo} that's why I was asking "why?"
[14:12] {larisa} lol
[14:12] {jfjf64} vad ya in coma
[14:12] {Threei} always
[14:12] {Threei} why?
[14:13] {jfjf64} no reason
[14:13] {larisa} will market bounce vad ?
[14:13] {larisa} :)
[14:13] {larisa} and when and why
[14:13] {Threei} then, why you ask... and why nemo asked why... so many why's, my head hurts
[14:14] {Threei} and where is Billy
[14:14] {nemo} I didn't ask you vad
[14:14] {Threei} why?
[14:14] {Threei} I mean, thank you
[14:14] {nemo} because jf made the call
[14:15] {jfjf64} nemo needs a drink
[14:15] {nemo} you were in coma
[14:15] {nemo} don't drink
[14:15] {jfjf64} lol
[14:15] {Threei} as if my being in coma ever prevented anything
[14:15] {jfjf64} sd i tk my 1/1 nemo
[14:15] {jfjf64} lol
[14:16] {larisa} I want bounce now!
[14:16] {nemo} kewl
[14:16] {nemo} what did you see jf?
[14:16] {jfjf64} how is trend line
[14:16] {nemo} gone
[14:16] {jfjf64} lol
[14:16] {nemo} what did you see to call that?
[14:17] {jfjf64} nada gut sometimes it works
[14:17] {nemo} sorry I asked
[14:17] {jfjf64} lked the V on the chart
[14:18] {nemo} I thought maybe the volume spike but there had been several before that
[14:20] {jfjf64} done
[14:20] {nemo} thought you'd get 1:2
[14:21] {jfjf64} i always run away too soon
[14:22] {jfjf64} thats my problem
[14:22] {nemo} do you see my footprints as you're leaving?
[14:22] {jfjf64} profit is profit
[14:23] {jfjf64} that is hard part of this gm
[14:24] {jfjf64} watchin chk
[14:24] {jfjf64} .35
[14:25] {jfjf64} .35 break
[14:26] {jfjf64} vad 5 cent stop ok with this
[14:28] {Threei} a bit too tight...
[14:28] {Threei} I don't see real support above .25
[14:29] {jfjf64} ty
[14:31] {ese} zzzzzzzzzzzzzzzzzzzzz ahem....ummm ya ya ahhh well done jf zzzzzzzzzzzzzzzzz
[14:33] {nemo} gotta' go. cya
[14:34] {Threei} why?
[14:34] {ese} zzzzzzzzzzzzzzz ahem....ummm ya ya ahhh ya cya nemo zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:34] {jfjf64} sxci .71 break
[14:35] {magoo} HIG crosses 18 vad
[14:35] {Threei} no mags
[14:35] {Threei} need more consolidation
[14:36] {Threei} it can turn a trap just as easy
[14:36] {magoo} k
[14:39] {jfjf64} chk invalid here
[14:43] {jfjf64} sxci invaid
[14:49] {jfjf64} .84 s hig
[14:55] {jfjf64} .95 l hig
[14:56] {jfjf64} break
[14:56] {jfjf64} in
[14:59] {jfjf64} cant get out of own way
[15:06] {jfjf64} comon sale hig
[15:10] {jfjf64} 1/1 hig
[15:10] {magoo} nice
[15:10] {dptl} have a good evening all
[15:10] {jfjf64} halfout
[15:10] {larisa} hope you used trendline :)
[15:11] {fernp} you too dp
[15:11] {jfjf64} stop .95
[15:11] {jfjf64} stop .05
[15:13] {jfjf64} out
[15:13] {larisa} nice
[15:13] {jfjf64} ty
[15:13] {jfjf64} trend line work
[15:14] {larisa} lol
[15:14] {larisa} they do actually, did not mean to upset nemo :)
[15:15] {jfjf64} all good
[15:26] {jfjf64} good night all
[15:27] {Threei} take care jf
[15:27] {fernp} good nite jf
[15:28] {jfjf64} yankkee/boston series here startin tonight busy with tickets
[15:39] {Threei} guess who is on TV
[15:42] {ese} well alrighty then......i'm still long my position in drys at .40.....gonna keep it....see you all tomorrow.....
[15:42] {Threei} take care ese
[15:42] {ese} see ya vad....
[15:42] {fernp} good evening all. see u tomorrow
[15:43] {Threei} fern :)
[15:44] {magoo} i have an apptmt...greatr day tY boss
[15:44] {magoo} bye all
[15:44] {Threei} taake care mags
[15:44] {Threei} I don't think we intend to take any more trades today
[15:44] {Threei} and everyone scrams
[15:44] {Threei} let's call it a day?
[15:44] {magoo} but u will now to rub it in right?
06[15:45] * magoo slaps laserdave around a bit with a large trout
06[15:45] * magoo slaps laserdave around a bit with a large trout
06[15:45] * magoo slaps laserdave around a bit with a large trout
[15:45] {larisa} bye all :)
[15:45] {Threei} nah... I embrace kinder and gentler self
[15:45] {Threei} larisa :)
[15:45] {Threei} thank you all, have a good evening
[15:45] {Threei} see you tomorrow

Labels: , , ,

Wednesday, August 5, 2009

Aug 05 2009

Nice and steady day, with profitable trades on BAC, LLTC, RIMM, AIG and stops on NVAX and HEV. Some nice momentum plays occur in financials.

Session Time: Wed Aug 05 00:00:01 2009

[08:26] {dptl} good morning all
[08:38] {Threei} Good morning
[08:39] {dptl} :)
[08:40] {dptl} dptl -} sleepless in vancouver
[08:41] {Threei} lol
[08:41] {dptl} :)
[08:43] {magoo} morn
[08:43] {Threei} magoo :)
[08:45] {magoo} whatcha lookin at?
[08:45] {Threei} finnies are green
[08:45] {Threei} BAC... WFC...
[08:46] {magoo} yea..they closed strong
[08:46] {magoo} hows monestasry :)?
[08:47] {Threei} won't tell... you'll all follow me and crowd the premises
[08:47] {Threei} anyone tried GETCO route?
[08:47] {magoo} it supposed to be better?
[08:49] {Threei} it's free
[08:49] {Threei} no ECN fee
[08:50] {dptl} does it hit everything?
[08:50] {Threei} I don't know
[08:50] {Threei} did you see a n opening inforblurb?
[08:51] {Threei} they cite fill rate
[08:51] {dptl} yes
[08:51] {magoo} did GGC report this morn? can u check?
[08:51] {Threei} Yesterday 18:31 GGC Reports Q2 -$2.13 v -$11.25e, R$524M v $550Me
[08:51] {Threei}
[08:53] {JohnK} gm folks
[08:54] {larisa} good morning :)
[08:56] {dptl}
[08:56] {Threei} john, larisa :)
[08:58] {larisa} vad, dp :)
[08:59] {dptl} lots of talks about flash trading this morning on the news
[09:00] {Threei} someone does great job throwing distractions in
[09:02] {fernp} good morning everybody
[09:02] {Threei} fern :)
[09:04] {ese} gooooooooooood morning!
[09:04] {Threei} ese :)
[09:05] {ese} anything new and exciting......ladies and germs
[09:06] {Threei} new day
[09:07] {ese} thas exciting for sure
[09:07] {Threei} FITB tries to trade over yeasterday's high
[09:07] {ese} suppose to get some rain today here on the island
[09:08] {JohnK} where are you ese?
[09:09] {ese} victoria , British Columbia Canada
[09:09] {ese} et vous?
[09:10] {JohnK} je suis at New Jersey, USA :-)
[09:12] {ese} ahhhhh.....Lou Solof.....the trumpet player from the Blood Sweat and Tears band lives there.......he's a very close friend of my university professor mentor
[09:12] {nemo} What gooees up....
[09:13] {ese} must come down.....spinin wheel gotta ta go round.....what a great tune
[09:19] {ese} grmn....+5.73.......hmmmmmm....lots of people lost i quess
[09:19] {jfjf64} mornin all
[09:19] {Threei} jf :)
[09:20] {jfjf64} lets go 3-0 out of box
[09:20] {Threei} Garmin Ltd Reports Q2 $0.83 v $0.51e, R $669M v $657.1Me
[09:20] {Threei} - Q2 gross margin 52.6% v 44.9% q/q
[09:20] {Threei} - Q2 North America revenue $436M v $265M q/q
[09:20] {Threei} - Q2 Europe revenue $198M v $144M q/q
[09:20] {Threei} - Q2 Asia revenue $35M v $28M q/q
[09:28] {nemo} ese...saw BST in a little club in Bavaria in 1984
[09:28] {nemo} or was it David Clayton Thomas...oops...too many beers
[09:28] {Threei} BAC looks to be a candidate for the first play
[09:29] {magoo} watch wfc too
[09:31] {cosmo} ACAS
[09:31] {cosmo} gonna test
[09:31] {cosmo} wants 3
[09:32] {Threei} Long Setup: BAC 16 break if holding 15.90
[09:32] {Threei} (US) Treasury's Barr: Sense of free fall in economic indicators has ended
[09:32] {Threei} - Should not provide a gov approved model for rating agencys
[09:32] {Threei} - Oversight of credit ratings agencies need to be done on evolving basis
[09:33] {Threei} SOLR Hearing upgraded to Hold from Reduce rating at Boutique firm
[09:34] {Threei} Long Setup: BAC 15.90 break if holding 15.85
[09:34] {ese} bstop yhoo .78
[09:35] {ese} in
[09:35] {nemo} in
[09:35] {patel} in
[09:35] {jfjf64} in
[09:36] {Threei} over 1:1 for scalpers
[09:36] {fernp} ty vad
[09:36] {Threei} :)
[09:36] {nemo} out ty
[09:36] {JohnK} good trade BAC thx T
[09:37] {BillyD} ty Vad
[09:37] {Threei} welcome guys
[09:37] {Threei} guess who is on TV
[09:37] {magoo} look whos on tv
[09:37] {nemo} clinton
[09:37] {Threei} you wish
[09:37] {nemo} he just got bak from PRNK
[09:37] {Threei} BAC 1: my math abilities are not enough
[09:38] {jfjf64} tty
[09:38] {wulff} +.30
[09:38] {nemo} 1:5
[09:38] {jfjf64} x l .20
[09:38] {magoo} i missed it froze
[09:38] {patel} n ice call on BAC
[09:38] {patel} still holding on to 100 shares
[09:38] {nemo} you could miss the week after yesterday mags
[09:39] {nemo} you get the duct tape for Dino's system?
[09:39] {jfjf64} all out x
[09:39] {jfjf64} +8 cents
[09:39] {ese} out yhoo .84 +.06
[09:40] {Threei} watching WFC for pullback entry
[09:40] {Threei} just under 27 would be nice
[09:41] {cosmo} FWLT hod = 27 far
[09:42] {Threei} Long Setup: LLTC .50 break if stays above .40
[09:43] {ese} L HBAN .62
[09:43] {fernp} in
[09:44] {patel} in
[09:44] {nemo} missed
[09:44] {Threei} VNDA??
[09:44] {jfjf64} .65 break break ese im takin ese
[09:44] {Threei} 1:1 LLTC
[09:45] {fernp} ty vad
[09:45] {Threei} welcome
[09:46] {JohnK} LLTC :) too thx again T
[09:47] {patel} 2 for 2 baby
[09:47] {patel} thats what i'm talking about
[09:47] {patel} great calls this morning
[09:47] {jfjf64} nice one more vad
[09:48] {nemo} one?
[09:48] {Threei} [09:20] {jfjf64} lets go 3-0 out of box
[09:48] {BillyD} mkt sell off
[09:48] {jfjf64} ty vad
[09:48] {jfjf64} nemo sleepin
[09:48] {ese} out HBAN .67 +.05
[09:49] {wulff} WFC pullback
[09:49] {nemo} sorry, up all night
[09:50] {Threei} Long Setup: NVAX 5.40 if holding above .30
[09:50] {wulff} so much for lltc
[09:51] {nemo} in
[09:51] {cosmo} FWLT hod = 27.55 far
[09:52] {ese} I want HBAN again ....just am deciding where
[09:52] {jfjf64} ese
[09:52] {Threei} FITB back into yesterday's high
[09:53] {jfjf64} in .68
[09:53] {jfjf64} need push
[09:53] {ese} would prefer a deeper pullback but if not will take .65 break this time
[09:54] {ese} hmmmmmmm might rethink index now down
[09:56] {ese} anybody in NVAX.....thats on my radar
[09:57] {nemo} yes
[09:57] {Threei} stopped
[09:57] {nemo} just got stopped
[09:57] {Threei} sorry jf... 2 out of 3
[09:57] {wulff} had high hopes for NVAX
[09:57] {BillyD} NVAX true to form
[09:57] {Threei} market dropped pulled it
[09:58] {jfjf64} wfmi .56 break
[09:58] {BillyD} good risk reward
[09:58] {jfjf64} in
[09:59] {jfjf64} 1/1
[09:59] {jfjf64} half out
[10:00] {Threei} JUNE FACTORY ORDERS: 0.4% V -0.8%E
[10:00] {ese} l mee .48
[10:01] {jfjf64} out
[10:02] {ese} out mee .20 grrrrrrrrrr=.28
[10:02] {ese} -.28
[10:02] {jfjf64} stoped hban
[10:03] {nemo} nice drop amzn
[10:03] {jfjf64} rdn .40 breal
[10:03] {BillyD} RDN is starting a CC right now JF
[10:04] {nemo} a cc?
[10:04] {BillyD} conference call
[10:04] {nemo} oh
[10:04] {BillyD} after eps
[10:04] {jfjf64} in .43
[10:06] {jfjf64} out 3 cents no lk cc
[10:13] {Threei} Long Setup: RIMM .60 if stays above .45
[10:14] {jfjf64} in .65
[10:14] {magoo} in .58
[10:14] {jfjf64} slippy
[10:14] {JohnK} too fast for me
[10:15] {Threei} 1:1
[10:15] {jfjf64} go go go go
[10:17] {jfjf64} great vol
[10:18] {jfjf64} all out
[10:18] {jfjf64} ty vad
[10:19] {tomg} ty vad
[10:19] {Threei} welcome guys
[10:24] {ese} L hban.50
[10:26] {magoo} u reading GRMN boss?
[10:26] {Threei} 33 break is obvious setup
[10:26] {Threei} volatile...
[10:26] {jfjf64} wfmi break of 30.00
[10:26] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:26] {Threei} **consensus expectations:
[10:26] {Threei} Crude: +800Ke
[10:26] {Threei} Gasoline: -1Me
[10:26] {Threei} Distillate: +1.2Me
[10:27] {jfjf64} in .03
[10:28] {jfjf64} gets passed .13 gettin paid
[10:28] {magoo} AXL moves
[10:29] {Threei} AXL CFO: Lowering break even levels to 6K axles per day; on track to accomplish goal by end of 2009 - conf call
[10:29] {Threei} - believe 1H 2009 will be the low point in production volumes.
[10:29] {nemo} looks like oil numbers might be bullish
[10:29] {Threei} 8 ball?
[10:30] {nemo} nevermind erx dropped must be bearish
[10:30] {jfjf64} vad
[10:30] {Threei} DOE CRUDE: +1.67M V +800KE
[10:30] {nemo} really dropped
[10:30] {jfjf64} 8 ball
[10:30] {Threei} GASOLINE: -220K V -1ME; DISTILLATE: +1.1M V +1.2ME; CAPACITY UTILIZATION: 84.5% V 84.4%E.
[10:31] {nemo} aig in a good mood today
[10:32] {Threei} yeah
[10:32] {Threei} 14 break in retrospect was no brainer
[10:32] {Threei} didn't watch it at the time
[10:33] {nemo} only got 3i's
[10:33] {jfjf64} need 4i
[10:34] {Threei} AXL some enthusiasm...
[10:36] {jfjf64} this wfmi drivin me crazy hv stop at .85
[10:37] {jfjf64} showin strong
[10:39] {Threei} a lot of talk about 2B investment in car batteries development
[10:40] {Threei} I have ABAT on top of my memory
[10:40] {Threei} anything else?
[10:40] {BillyD} can't remeber
[10:41] {BillyD} can't spell either
[10:41] {Threei} welkome to ze klub
[10:42] {jfjf64} jpm vad ya lk 41 break or traap
[10:42] {Threei} with stop under .90, it's a valid try
[10:43] {jfjf64} too fast pass
[10:44] {Threei} 1:1
[10:44] {Threei} the way to enter this kind, when it's a bit too fast on a break, you don't want to chase and don't want to get filled on the way back when it's exhausted
[10:44] {jfjf64} reads there fingers too slow
[10:44] {Threei} enter limit at the price you are willing to chase to,
[10:45] {Threei} let's say 41.03
[10:45] {ese} are you in jpm jf?
[10:45] {jfjf64} nope
[10:45] {Threei} if it gets you in, fine, play it from normal risk reward ratio point of view,
[10:45] {Threei} if miss, keep an order in for a fill on pause BUT
[10:45] {ese} that was a good call
[10:45] {Threei} cancel it if a stock reaches 1:1
[10:46] {jfjf64} makes sence even with 2500 to 3000 shares
[10:46] {jfjf64} ??
[10:46] {Threei} you may still want it if it pauses and pulls back slightly from let's say 41.05 - 06
[10:46] {Threei} but if it reaches 1:1 and drops all the way back into trigger, it's a different ballgame,
[10:47] {Threei} you now need to re-evaluate whether a play still valid as conservative entry
[10:47] {Threei} or it was just a scalp and it's ovewr
[10:47] {Threei} as a first idea what to look for:
[10:47] {ese} yes
[10:47] {Threei} if it drops back into 41, stalls,
[10:47] {ese} quick in and out
[10:48] {Threei} makes little move up and down between 41 and 41.05
[10:48] {Threei} you may want a new entry on .05 break,
[10:48] {Threei} but the huge difference with original idea will be:
[10:48] {Threei} your stop now is under 41, not under 40.90 as it would be with original entry
[10:48] {Threei} see what I mean by saying it's a new game?
[10:49] {jfjf64} thanks i follow
[10:50] {patel} Threei, thoughts on T
[10:50] {Threei} I'll try hood, fake mostauge and dark sunglasses tomorrow... will see how successful you are then
[10:50] {jfjf64} lol
[10:51] {Threei} T... I don't see anything but short at .70
[10:51] {Threei} if stays under .80
[10:51] {patel} yes i like it short below 70
[10:51] {patel} 10 cents risk
[10:51] {patel} are you seeing that
[10:51] {jfjf64} double bottom lower vad or bounce market
[10:51] {Threei} that's what I said patel :)
[10:51] {Threei} rather breakdown and further down jf...
[10:52] {patel} lol
[10:52] {Threei} ahha
[10:52] {Threei} newswire heard me and answered:
[10:52] {Threei} (US) US Administration: To give out approx $2.4B to US automakers to develop advanced auto/vehicle batteries (related ABAT JCI ALTI HEV F GM F.IT F )
[10:53] {jfjf64} aig
[10:53] {BillyD} ALTI was the one I couldn't remember
[10:53] {Threei} yeah but looks like total POS
[10:53] {jfjf64} pos
[10:53] {BillyD} I remembered that part from past
[10:53] {Threei} US) Treasury Dept: Need to act in a way that clearly shows the market that Govt is set on serious financial reforms
[10:54] {Threei} this statement is wrong in so many ways, I don't even know where to begin
[10:54] {Threei} need to act in a way to show something?
[10:54] {Threei} if you ARE serious about it, why not just proceed and do it?
[10:54] {Threei} or,
[10:54] {jfjf64} looks breakout comin
[10:55] {Threei} you guys see yourself as entity that must teach market about something?
[10:55] {Threei} or resist it?
[10:55] {Threei} or fight it?
[10:56] {Threei} this is so indicative of their very way of thinking... "we need to show the market that we are serious about controlling it"...
[10:56] {Threei} {--- back to monastery
[10:56] {jfjf64} show me da money cd give 2 s t
[10:57] {jfjf64} fas c/h .10 break
[10:58] {ese} L jpm .06
[10:59] {patel} Threei, BK break of 29 with a 10 cents risk???
[10:59] {jfjf64} in .13 on pbk vad
[10:59] {patel} or would it be chasing it here
[10:59] {jfjf64} 1/1 fas
[10:59] {Threei} hard to tell BK
[10:59] {Threei} it's kind of 50/50 but risk is small
[11:00] {jfjf64} out
[11:01] {jfjf64} later guys gotta run
[11:01] {magoo} grtmn dump
[11:01] {Threei} take care jf
[11:02] {jfjf64} to da bank boys lol
[11:02] {Threei} CNP Applies for $200M Federal Stimulus Grant to Accelerate Current Smart Meter Project and Begin Building Self-Healing Grid
[11:02] {Threei} - If granted, CenterPoint Energy Houston Electric will use $150M of the requested $200M grant to accelerate its current smart meter and associated equipment installation that make up its Advanced Metering System (AMS).
[11:02] {Threei} - The $50M balance will be used to accelerate the installation of the first phase of CenterPoint Energy Houston Electric''s Intelligent Grid (IG) that utilizes the AMS and other technologies to build a self-healing grid, and improve operational efficiency and reliability.
[11:03] {Threei} NY Fed: Purchased $7.25B in $300B outright coupons purchase; Dealers submitted $17.91B for consideration (bid to cover 2.47)
[11:03] {Threei} - Heaviest purchase was $4.1B in the 05/31/14 maturity
[11:09] {magoo} AIG
[11:10] {tomg} CAT
[11:10] {ese} out pjm .23 +.17
[11:10] {ese} takes a bit of a dent out of that mee trade
[11:11] {Threei} AIG is serious
[11:11] {ese} i know he's gone but thanks jf
[11:12] {ese} wow is it ever
[11:12] {nemo} volumes are all around 1.5X average on indexes
[11:15] {BillyD} Vad, WFC got any life over 27?
[11:15] {Threei} most likewly yes
[11:15] {BillyD} is it worth it to you
[11:15] {nemo} R1 @ 27.30
[11:17] {magoo} anyone cattch AIG?
[11:17] {Threei} Goldman Sachs note today states Goldman on Friday raised its US GDP forecast
[11:17] {magoo} so fast, i alerted but had to focus'
[11:18] {Threei} I think so Billy
[11:18] {Threei} want to see market help of course
[11:19] {BillyD} can you believe it...step away for water and miss it lol
[11:19] {Threei} lol
[11:19] {Threei} water... humanity's eternal enemy
[11:20] {Threei} wait... that was beer
[11:20] {Threei} or vodka
[11:20] {BillyD} it breaks w/out mkt help
[11:20] {BillyD} oh well
[11:21] {magoo} jpm working nicely
[11:40] {Threei} watching CNP, trying to get a feel whether it's preparing for a run
[11:41] {magoo} BAC highs
[11:41] {magoo} neatr
[11:41] {magoo} near
[11:51] {magoo} vad u read AIG?
[11:54] {Threei} there is no technicals to it
[11:54] {Threei} momo runner
[11:54] {Threei} either you get a feel for momop continuation or not,
[11:54] {ese} mags are you long jpm?
[11:54] {Threei} and risk is well beyond average tolerance
[11:56] {Threei} guess who is on TV
[11:57] {BillyD} T may be resets for short
[12:01] {magoo} i was off vads call @ .10, out now jpm
[12:01] {magoo} id cut it
[12:01] {magoo} will pullbk
[12:05] {ese} nice one mags where did you get out?
[12:07] {Threei} HEV big pullback
[12:12] {BillyD} AXL
[12:12] {BillyD} what ya think Vad on .50
[12:12] {Threei} AIG... feels like going to 18
[12:12] {ese} L drys .66
[12:14] {Threei} 18 on the nose
[12:14] {magoo} stealking my thunder
[12:15] {Threei} I am good at stealking
[12:15] {nemo} up 33% on no news
[12:15] {Threei} no idea Billy... 3 was more or less legit
[12:15] {BillyD} ty
[12:15] {Threei} 3.50 is way too high for my yaste
[12:15] {Threei} taste
[12:17] {nemo} 20 for aig?
[12:18] {magoo} i hit it 18 to 19.02 AIG
[12:18] {magoo} 2k
[12:19] {magoo} A
[12:19] {magoo} I
[12:19] {magoo} G
[12:20] {ese} nice mags.......trader after my own heart
[12:22] {magoo} i been crushing them lastt 2 days..just feelin the ,momo
[12:22] {magoo} i alert or ask vad, but no way to call it
[12:22] {Threei} yup
[12:22] {Threei} great job nonetheless
[12:22] {magoo} i could kill someone if they dontknow how to "feel" it
[12:22] {BillyD} lol
[12:23] {magoo} im a momo trader
[12:23] {magoo} and ill take sizer
[12:23] {magoo} size
[12:23] {ese} no i like "sizer"
[12:23] {ese} thats lingo man lingo
[12:24] {magoo} what i need to take is typiong lessons
[12:24] {Threei} u may vant to asq me abut me typein teechear
[12:24] {ese} and you have been killin it these last couple of days....good on ya
[12:25] {magoo} i hit thatt GGC for like 8 points yestrday
[12:25] {magoo} short of coutrse
[12:25] {ese} i know....that was amazing
[12:25] {ese} even more amazing........
[12:26] {magoo} but see..i could have went against me 20 points so npo way i could call it for room
[12:26] {magoo} its a widow maker
[12:26] {ese} like russian submarines
[12:26] {ese} they used to call them widow makers
[12:28] {magoo} but..if IF i ask vad or put up a means i am looking at it..and usually going
[12:29] {Threei} and if I say "risky as hell", magoo doubles his share size
[12:29] {magoo} vad, nice call WFC off 27
[12:29] {magoo} just cut it .48
[12:29] {Threei} :)
[12:29] {magoo} well..risk IS our businezz correct
[12:30] {larisa} no:)
[12:30] {ese} i'm still long hban at .50 by the way
[12:30] {larisa} maintaining it is :)
[12:30] {magoo} more risk ..more reward
[12:30] {magoo} with a dash of setup..a smidge of control..and a whole lotta luck
[12:31] {Threei} and prayer
[12:31] {Threei} and chicken entrails
[12:31] {Threei} and the bone from bat's ear
[12:31] {magoo} thats why agree with ese yesterday..i am stressed all time :)
[12:32] {magoo} i functioned in a constant streess environmt
[12:32] {nemo} aig setting up short?
[12:32] {magoo} not avail laser
[12:32] {ese} odd......i'm not feeling stressed as much today as yesterday and i'm down about $800
[12:32] {magoo} u taking vads advice and drinking?
[12:33] {larisa} AIG earnings on Friday, intersting how high it can go
[12:33] {ese} heavily
[12:33] {dptl} yep vodka might help magoo
[12:33] {ese} and dp's advice as well.....smoothe vodka
[12:33] {dptl} he he :)
[12:34] {ese} vads advice was vodka...dp's...make it smooth vodka
[12:34] {Threei} 71% Say Obamas Policies Have Driven Up Deficit
[12:34] {Threei} 54% Favor Middle Class Tax Cuts Over New Health Care Spending
[12:35] {Threei} those are damning numbers
[12:36] {JohnK} look right to me :)
[12:38] {ese} ya and it just damned my profit in habqan
[12:38] {ese} hban
[12:39] {ese} sheesh
[12:41] {ese} how bout uaua
[12:50] {Threei} HEV Hearing Kaufman Bros. making positive comments; Maintains Buy rating, price target $9 (timing uncertain) (7.08, +0.56, 8.59%)
[12:57] {ese} OK technical point.....this is the seventh day of a narrow range 7 for drys......theoretically this thing should just up from here based on that last earnings report.......
[12:57] {ese} jump
[13:00] {Threei} IPXL Receives Final FDA Approval for Generic Depakote Extended-Release 500mg Tablets
[13:00] {Threei} - FDA has granted final approval of the Companys Abbreviated New Drug Application for generic versio... (27.48, +0.98, 3.70%) more...
[13:01] {Threei} AIG Trading up 40% on no apparent news
[13:01] {Threei} - note that AIG is scheduled to report earnings on Friday morning and has already said it will not h... (18.85, +5.33, 39.42%) more...
[13:04] {Threei} believe it or not...
[13:05] {Threei} AIG looks like new consolidation
[13:05] {Threei} for another runup
[13:08] {Threei} UQM Awarded $45.1 Million Grant from the U.S. Department of Energy to Accelerate the Deployment of the Next Generation of Electric Vehicles
[13:11] {Threei} easiest money I've made today
[13:11] {nemo} on what?
[13:11] {Threei} 5.06 - 5.45
[13:12] {nemo} oh
[13:12] {nemo} what stock
[13:12] {larisa} lol
[13:12] {Threei} sigh
[13:12] {larisa} I thought you talking AIG
[13:12] {nemo} me too
[13:12] {Threei} nemo... look at this line by me about money made... then slowly gently lift your line of sight by just 2 lines
[13:13] {nemo} ok
[13:14] {dptl} lol
[13:15] {Threei} AIG, look at the dance it did for 10-15 min just above 17, at roughtly 12:00 - 12:15
[13:15] {Threei} did pretty much the same around 19 when I made that comment
[13:15] {Threei} and exploded from there again
[13:18] {Threei} 20 in sight
[13:19] {Threei} AIG Investor Relations: Not aware of any news to account for today's stock move (32.81, -0.59, -1.77%)
[13:19] {Threei} Notes that outside of the CEO succession and confirming earnings date, has no additional information
[13:23] {magoo} out .91 TY vad on AIG alert
[13:23] {magoo} nice one
[13:24] {BillyD} gj
[13:24] {Threei} :)
06[13:25] * magoo slaps Threei around a bit with a large trout
[13:25] {Threei} :(
[13:25] {magoo} the monastery is working for u
[13:25] {ese} nice one mags
[13:25] {magoo} u kickin butt today vad
[13:27] {Threei} (US) FHFA's Lockhart to reportedly step down soon - unconfirmed report (related FNM FRE )
[13:29] {nemo} aig, this is just incredible
[13:30] {Threei} giant squeeze
[13:31] {nemo} what was the short ratio?
[13:32] {magoo} bak in ittttttttttttt
[13:32] {Threei} not overly high...
[13:32] {Threei} Short Percent of Float 18.81 %
[13:32] {Threei} July info
[13:32] {nemo} no, so how the squeeze
[13:33] {Threei} just mass husteria then
[13:33] {Threei} hysteria
[13:34] {BillyD} overall a good thing for mkt trader confidence
[13:34] {Threei} mags... don't overstay your welcome
[13:34] {BillyD} some momo to return hopefully
[13:34] {Threei} when it's done it won't give much chance for orderly exit
[13:34] {Threei} not to women, not to children, not to elderly
[13:35] {magoo} oh sorry out .42 from .40 +point
[13:36] {Threei} good
[13:36] {Threei} not even speaking of halt possibility
[13:36] {magoo} OH DO NOTEVEN SAY ITTT
[13:42] {ese} vad is that AIG's float your talking about thas short?
[13:42] {magoo} man..can u imagine old school wall street who sold in may and went away vad
[13:43] {Threei} yes ese
[13:43] {Threei} lol mags
[13:43] {ese} that would explain a few things
[13:43] {Threei} just proves that most of those "tested and proven" sayings is bs
[13:43] {nemo} guess the welcome isn't over
[13:43] {Threei} what everyone knows isn't worth knowing
[13:44] {nemo} yeah, but this ain't your old school market
[13:49] {Threei} VZ) Venezuela's Chavez: may nationalize any companies that break laws; do not have a set list of sectors that will be nationalized
[13:49] {Threei} - says lawful private companies can continue on
[13:49] {Threei} - Reminder: yesterday Chavex commented that would expropriate certain coffee companies
[13:50] {Threei} cool
[13:50] {Threei} company breaks law - nationalize it
[13:50] {ese} Out drys .75 +.09
[13:50] {larisa} or execute like they do in China :)
[13:51] {Threei} or both
[13:51] {larisa} World is too funny lately
[13:51] {magoo} 22.96 was the reverse split high AIG before it was crushed
[13:51] {nemo} or pass a law and retroactively charge them
[13:55] {ese} Out HBAN .56 +.06 it a good day
[13:55] {ese} it's
[13:56] {nemo} gotta' go...c u 2 morow insha Alah
[13:57] {larisa} bye nemo :)
[13:57] {ese} i'm with ya nemo.......see you all tomorow......getting ready to go to Copenhagen Denmark
[13:57] {Threei} Long Setup: HEV .85 - .90
[13:57] {Threei} if holding above .80
[13:58] {Threei} .75 is a bit better stop technically but I am trying to keep it in scalping framework risk qwise
[13:59] {Threei} take care ese
[14:04] {Threei} if it goes, planning to sell half above 7 and see about secind half - maybe offer it into eod run closer to 7.20, maybe even hold some overnight
[14:07] {Threei} VP and cabinet fan out to hold townhall meetings and speeches about recovery plan success
[14:07] {Threei} do these guys ever stop campaigning?
[14:07] {Threei} someone should have told them election is over
[14:11] {Threei} (US) SEC's Schapiro confirms evaluation of 'flash trading' and the surrounding inequity associated with the trading - CNBC interview
[14:11] {Threei} - Notes that the SEC is moving 'quite decidely' toward banning flash trading, but still must move through regulatory process, so can not be done instantaneously.
[14:22] {JohnK} nice scalp HEV, thx T :)
[14:23] {patel} u still plan on keeping it to 7
[14:23] {patel} threei
[14:26] {Threei} ?
[14:26] {Threei} did anything change?
[14:27] {Threei} no go
[14:27] {JohnK} got in at .85, out at .89
[14:27] {patel} that is a very strange stock man
[14:27] {patel} just dropped pretty hard
[14:28] {JohnK} thin market
[14:28] {JohnK} small shares
[14:28] {Threei} FDIC's Bair: Should implement pay standards on insured banks to encourage long term performance- interview comments
[14:28] {Threei} - Comments that banking system confidence is improving
[14:28] {Threei} - reform on pay should be through principles, wary of setting dollar limits
[14:29] {Threei} HEV CEO: It is not an issue to raise capital; currently in negotiations for $480M worth of low cost loans
[14:29] {Threei} - Seeing increasing battery annual revenue to $2.25M in 2015 if can attain 5-12% of battery market (6.85, +0.33, 5.06%)
[14:30] {dptl} Vad did you try that getco today?
[14:30] {Threei} no, I still haven't updated version
[14:31] {dptl} ye me too....but want to check with Dave first he usualy knows everything
[14:33] {Threei} not really... I asked me recently about production of ivory buttons in South Argentina in 19th century, he had no idea
[14:33] {dptl} but he is prob. drinking today :)
[14:33] {Threei} asked him
[14:33] {dptl} lol
[14:33] {magoo} we in anything vad?
[14:34] {Threei} nope
[14:34] {patel} stalking anything???
[14:34] {magoo} sell from hell AIG..not in..but it double topped
[15:05] {jfjf64} s aig 21.05
[15:05] {magoo} ICOG vad
[15:06] {Threei} I don't have news
[15:06] {Threei} anyone?
[15:06] {magoo} prob break thgose trades
[15:07] {fernp} no news here
[15:07] {Threei} shrug
[15:08] {jfjf64} grr
[15:08] {Threei} May 16 last news on it, filing for bakruptsy
[15:10] {magoo} we in anything?
[15:10] {magoo} fell asleeop
06[15:10] * Threei slaps magoo around a bit with a large alarm clock
[15:13] {Threei} heh... HEV shakeout
[15:13] {Threei} some stocks just have dishusting manners, I noticed...
[15:13] {Threei} who brought them up like this
[15:15] {patel} that shakeout was wrong
[15:15] {patel} i took a pretty big hit on that one
[15:17] {Threei} original stop was 5-7 cents, with slippage could have easily been about 12 on that
[15:18] {patel} i got hit for about 13 cents
[15:18] {Threei} if this is big hit for you, you should really re-think share size and/or trading thin stocks altogether
[15:18] {Threei} I mean come on... 13 cents equals big hit??
[15:18] {Threei} what kind of profits are you aiming for?
[15:19] {magoo} how many shares u take?
[15:19] {patel} i didnt get hit bad but it turned my profit for the day near 0
[15:19] {patel} i only took 400 shares
[15:19] {magoo} vad, u or i??
[15:19] {Threei} I don't understand it
06[15:20] * magoo slaps Threei around a bit with a large trout
[15:20] {Threei} something isn't right with trade/risk management
06[15:20] * magoo slaps patel around a bit with a large trout
06[15:20] * magoo slaps patel around a bit with a large trout
06[15:20] * magoo slaps patel around a bit with a large trout
[15:20] {patel} we talked earlier about it and it seems i am paying 2 much in commissions.
[15:23] {dptl} ok....have a good evening all,see ya tomorrow
[15:23] {Threei} doesn't sound like that's the only issue... something else is off
[15:23] {Threei} tajke care dp
[15:24] {_prth} 400 shares does not give you enough profit to scale
[15:25] {Threei} not really, unless it's a big mover
[15:26] {Threei} it's either training size, or a size for a very volatile stock
[15:26] {Threei} where risk control doesn't allow for tight stosp
[15:27] {_prth} and setting hard stops will get him taken out at a really bad fill depending on broker
[15:27] {patel} i stopped using hard stops
[15:27] {Threei} yikes
[15:27] {Threei} no way
[15:28] {magoo} but .13 cents on 400 is 52 bux correct?
[15:28] {patel} i was using hard stops but few days ago AKAM took me out
[15:28] {patel} and went up
[15:28] {patel} yes
[15:28] {patel} okay i traded BAC made over 90 dollars ont hat trade
[15:28] {_prth} so where did nvax fill at on the stop this morning and add commissions to that
[15:29] {patel} then i took LLTC made about 18 dollars on that
[15:29] {patel} then i got stopped on NVAX
[15:29] {Threei} hard stop is for the case whn you have to leave your computer unattanded
[15:29] {Threei} better than no stop at all
[15:29] {patel} and hten i got stopped otu for HEV
[15:29] {Threei} but when you can contorl events, use manual one
[15:30] {patel} slippages on NVAX was 5 cents
[15:30] {patel} slippage on HEV was about 4 cents
[15:30] {Threei} 18 dollars on LLTC?
[15:30] {patel} yes
[15:30] {patel} i took 200 off hte table on 1:1
[15:31] {patel} then put the rest at breakeven
[15:31] {patel} i am not complaining its just I need to know what I am doing wrong and make my trade management better
[15:34] {_prth} the percentage of dollars is high on commissions when trading smaller size if paying a flat rate, if you use per share cost platform then it be more cost effective with smaller size
[15:35] {patel} prth, i am paying .01 cents a share
[15:36] {Threei} that's twice the rate we are paying
[15:37] {Threei} great... now HEV is doing what I envisioned
[15:38] {_prth} that is $10 for a thousand shares, do you pay ecn fees too?
[15:38] {Threei} ECN is pass-through both ways for us
[15:38] {Threei} fee or rebate, dependinh on removing or adding liquidity
[15:39] {_prth} is patel with the same broker?
[15:39] {Threei} no
[15:40] {Threei} he pays .01/shre... we .005
[15:40] {magoo} which is more lol
06[15:40] * Threei slaps magoo around a bit with a large large abakcus since calculator is too complicated for magoo
[15:40] {_prth} well that is a big difference especially for scalping size
[15:41] {jfjf64} l met .05 break
[15:42] {patel} yup
[15:42] {patel} no ecn fees
[15:42] {patel} i get rebates and everything
[15:42] {patel} pretty much the same as you guys but the commisisons is doubled
[15:42] {Threei} hmmm... no fees but rebates?
[15:42] {patel} yes
[15:43] {Threei} something isn't right :)
[15:43] {patel} as long as I am sending the order through PFSI i pay no fees
[15:43] {patel} but i have to use INTEL and ARCAL for rebates
[15:43] {patel} what kind of fees do you have to pay threei
[15:43] {Threei} on add liquidity side only
[15:44] {Threei} you can do it using GETCO route for entry and ECN for exit with Laser
[15:44] {jfjf64} in
[15:44] {patel} pj plau
[15:45] {patel} oh okay
[15:47] {jfjf64} grrr
[15:51] {jfjf64} 21.83 l aig
[15:52] {jfjf64} in 88
[15:53] {jfjf64} .25cent stop
[15:56] {jfjf64} 1/1 half out
[15:56] {jfjf64} stop 22.00
[15:57] {Threei} you are azware of time remaining, right?
[15:57] {jfjf64} all out
[15:57] {Threei} good
[15:57] {Threei} thank you all, much better day today
[15:57] {Threei} have a great evening, see you tomorrow
[15:57] {magoo} ty vad..everybody
[15:58] {jfjf64} enjoy vad ty
[15:58] {larisa} bye :)
[16:00] {patience} look vad, the Trout Group is closing the Nasdaq .... what a good name :)
[16:00] {Threei} ROFL
[16:00] {patience} i wonder what they do for a business?
[16:00] {patience} where's magoo....
[16:02] {magoo} here

Labels: , , ,

Tuesday, August 4, 2009

Aug 04 2009

One of those days when things just don't work. One nice win on VRTX long for +.35 and three stops around .10 each. With partialling out on a winner, still a red day.

Session Time: Tue Aug 04 00:00:00 2009

[08:36] {BillyD} GM all
[08:36] {Threei} Good morning
[08:43] {Threei} Treasury publishes bank stats on loan modifications: BoA began trial modifications on only 4% of eligible loans
[08:43] {Threei} - Citimortgage trial modifications started at 15% of all elligible loans. JPM rate at 20%.
[08:43] {Threei} - CNBC's Liesman comments that this data release is essentially meant to "shame" banks into stepping up their loan modifications.
[08:44] {Threei} CAT Guides 2010 profit better than that of 2009
[08:44] {nemo} wondering why that jumped
[08:46] {Threei} DARA Along with America Stem Cell, Inc. to Collaborate On Stem Cell Research (0.27, 0.00, 0.00%)
[09:02] {Threei} (US) FDIC's Bair: Still sees no need for unified banking regulator, still opposed to President Obama's regulatory overhaul
[09:02] {Threei} - Note that some of these comments were leaked during the European session.
[09:02] {Threei} still?
[09:02] {Threei} I never heard they were
[09:04] {Threei} (US) Sen Dodd: Not sure if 3 Federal Agencies are needed to regulate banks
[09:04] {Threei} why... the more the merrier
[09:05] {BillyD} the blind are trying to lead.....they overlook their faults in managing the finaces of this country but try and regulate everything else
[09:06] {Threei} fox and henhouse...
[09:07] {Threei} I'll never understand how Fed's very existence, let alone giving them increased powers, can be justified, with glaring conflict of interests
[09:09] {cosmo} ... like greed....
[09:09] {ese} good morning.............
[09:09] {Threei} cosmo, ese :)
[09:09] {ese} morning vad......
[09:10] {ese} correction begins today maybe?
[09:10] {Threei} anyone's guess, really
[09:10] {Threei} whole lot of people call for correction during whole rally
[09:10] {cosmo} go to that edmonton concert ?
[09:11] {ese} ya.....that was pretty funny.....
[09:11] {cosmo} i went to one like that once too
[09:11] {ese} the one where the stage colapsed?
[09:11] {Threei} my approach if simple
[09:11] {ese} my mother lives close to there
[09:11] {Threei} it's over when it's over, not when everyone says it's over
[09:11] {Threei} we will see it with our very eyes
[09:12] {Threei} and trade accordingly
[09:12] {cosmo} i saw little richard collapse a stage many years ago...
[09:12] {magoo} morn
[09:12] {cosmo} he broke his arm...
[09:12] {ese} in deed vad
[09:12] {Threei} magoo :)
[09:12] {fernp} good morning everybody
[09:12] {Threei} fern :)
[09:12] {ese} colapse......from exhaustion?
[09:13] {magoo} u watching UBS vad?
[09:13] {magoo} what else
[09:13] {cosmo} jumping on the piano with the audience
[09:14] {Threei} not finding much to watch so far mags
[09:14] {Threei} CAT
[09:14] {ese} wow...
[09:14] {cosmo} everybody come on up....
[09:15] {cosmo} ended the concert before contry joe and the fish could play
[09:15] {cosmo} country
[09:15] {ese} was it a good concert?
[09:15] {ese} to that point?
[09:16] {cosmo} hmmm..... i forgot...
[09:17] {cosmo} lots of arrests for lighting incense....
[09:17] {cosmo} geez
[09:18] {ese} thats funny cos
[09:18] {cosmo} last concert at the olympic .... downtown L.A.
[09:19] {dptl} good morning all
[09:19] {Threei} dp :)
[09:19] {ese} dp
[09:20] {dptl} :)
[09:23] {Threei} NTWK...
[09:23] {Threei} little news and nice daily
[09:23] {Threei} NTWK Wins New Mexican Contract to Implement Award Winning Financial Suite With Leading Global Auto Manufacturer
[09:23] {Threei} - terms not disclosed (1.02, 0.00, 0.00%)
[09:23] {Threei} probably nothing to get excited about
[09:25] {Threei} KERX
[09:25] {Threei} Keryx Biopharmaceuticals Inc Settles license dispute with Alfa Wassermann
[09:25] {Threei} - The Company and Alfa Wassermann S.p.A. have settled a dispute over issues arising from the terminated license agreement for Sulonex (sulodexide). Under the terms of the settlement agreement, Alfa Wassermann is paying Keryx $3.5M (of which $2.75M has already been received by Keryx and $750K is to be paid to Keryx on or before July 30, 2010), and Keryx shall deliver to Alfa Wassermann all of its data, information and other intellectual property related to Sulonex.
[09:26] {Threei} ONTY gapped into 6.90 area, retreated to close level now
[09:26] {Threei} that's all I've got so far
[09:26] {Threei} slim pickings
[09:27] {Threei} KERX, if consolidates a little between .70 and .80 maybe worth try for a break
[09:34] {ese} cvs...might be worth a look vad
[09:34] {Threei} Short Setup: RIMM .40 break half lot
[09:34] {Threei} if stays below .60
[09:35] {Threei} CVS earnings and guidance earlier
[09:35] {Threei} CVS Guides Q3 EPS $0.62-0.64 v $0.76e, Rev +19-21% y/y (implies R$24.87-25.29B v $26.5Be) - conf call (34.00, 0.00, 0.00%)
[09:35] {Threei} CVS Guides FY10 EPS "to grow 13-15% y/y" (implies $2.93-3.39 v $3.01) - conf call
[09:35] {Threei} - CEO: "Would be disappointed if FY10 guidance did not grow 13-15% over 2009 levels, but we hav... (34.00, 0.00, 0.00%) more...
[09:36] {Threei} looks to me like short on .50 break
[09:36] {Threei} Short Setup: CVS .50 break
[09:36] {Threei} if stays under .65
[09:38] {nemo} damn
[09:38] {BillyD} missed
[09:38] {Threei} over 1:1 in a hurry
[09:38] {ese} short cvs
[09:38] {BillyD} yeah good one
[09:38] {nemo} it went from not triggered to 1:1
[09:38] {ese} out cvs
[09:38] {nemo} good for you
[09:39] {Threei} back into trigger
[09:39] {Threei} first wekness from here
[09:39] {Threei} for second chance entry
[09:39] {Threei} nope, over resistance now
[09:39] {ese} no i buggared that up....lousy fill
[09:40] {ese} filled .33 covered .49 only a 100 shs though
[09:40] {Threei} yikes
[09:40] {Threei} what is it, market orders??
[09:40] {ese} still learning to short.....was not quick enough on that lost 20.00 bucks
[09:41] {ese} yes
[09:41] {Threei} don't do market orders
[09:41] {Threei} ever
[09:41] {BillyD} I reshorted it into .54 and got popped -.20
[09:41] {Threei} that's the kind of fills tyou will be getting on real size too
[09:41] {ese} you got it ...that was mistake 1 i guess
[09:42] {Threei} Preview: Jun Pending Home Sales due out at 10amET
[09:42] {Threei} -***consensus expectation
[09:42] {Threei} - MoM 0.7%e v 0.1% prior (May)
[09:42] {Threei} - analyst estimates range from -1.2% to +3.0%
[09:42] {Threei} WFC
[09:42] {Threei} bounce play
[09:43] {Threei} Long Setup: WFC .37 if stays above .30
[09:44] {BillyD} in .37
[09:44] {fernp} in
[09:48] {Threei} no worky
[09:49] {Threei} shakeout...
[09:50] {fernp} y
[09:50] {Threei} what's with JADE?
[09:50] {wulff} CAT short
[09:56] {ese} move
[09:56] {fernp} LVS breakout, Vad?
[09:56] {Threei} hard to tell
[09:57] {Threei} something isn't right about it
[09:57] {fernp} ok, ty
[09:58] {Threei} looks like it follows WYNN
[09:58] {Threei} and WYNN starts pulling back
[09:59] {ese} L MYL .54
[10:00] {Threei} JUNE PENDING HOME SALES (M/M): 3.6% V 0.7%E
[10:02] {nemo} frickin wfc
[10:02] {Threei} yeah
[10:02] {nemo} cat break cup
[10:02] {Threei} embodiment of rudeness
[10:03] {Threei} Long Setup: SBUX .50
[10:03] {Threei} if stays above .40
[10:03] {Threei} .45 for hardcore scalpers
[10:04] {nemo} my loss in WFC ended up being less than the stop, I double tapped the sell, ended up going short, made a couple of cents
[10:04] {Threei} lol
[10:05] {nemo} big order @.50 on sbux
[10:06] {Threei} (US) Fed's Tarullo: The Fed has not taken a position for or against establishment of financial consumer protection agency - Senate testimony (related XLF )
[10:07] {fernp} you were right with LVS. ty
[10:09] {Threei} :)
[10:10] {Threei} Long Setup: ARUN .30 half lot
[10:10] {ese} out MYL .46 -.08 goin nowhere fast....and i ain't goin with it
[10:10] {Threei} if stays above .15
[10:11] {cosmo} Fed must like Caveat Emptor
[10:11] {Threei} HGSI again??
[10:13] {Threei} BCRX must be not too far behind then, lol
[10:16] {Threei} SBUX 1:1 for pesky hardcore scalpers
[10:21] {Threei} WFC Discloses 2009 modifications of 740K mortgage loans through end of July
[10:21] {Threei} - Notes that 90 of 100 WFC customers have remained current on mortgage payments (25.67, -0.13, -0.50%) (related XHB XLF )
[10:24] {Threei} scalpers win on SBUX
[10:24] {fernp} stopped
[10:24] {patel} 0 for 2 so far
[10:29] {wulff} rimm short
[10:31] {ese} i'm getin nowhere fast.......hows everybody else doin
[10:32] {chiro} me 2....nowhere fast...sounds like a "Meatloaf" track
[10:32] {BillyD} thrown a little out of my game but getting mindset back here
[10:32] {patel} same here
[10:32] {ese} if it isn't one of his tracks hsould be
[10:34] {Threei} gosh... two stops 8 cents and 11 cents, and whole bunch of whiners
[10:34] {Threei} lol
[10:35] {ese} hey!!!!!! I represent that remark!
[10:35] {Threei} represent? or resent? :)
[10:38] {ese} represent
[10:38] {ese} L mee .79
[10:38] {patel} WFC hated on us
[10:38] {Threei} sometimes it does that
[10:40] {wulff} still think down is the mode of the day
[10:40] {Threei} F Chief Economist: Sees Q4 production up q/q -CNBC (8.38, +0.05, 0.60%)
[10:40] {nemo} or flat
[10:40] {nemo} which means it'll be up big
[10:43] {ese} out mee .97 +.18
[10:44] {ese} this stock has been a nice litle source of income the last 2 weeks
[10:51] {ese} L CTSH .39
[10:54] {Threei} Long Setup: VRTX 37 break if stays above .90
[10:59] {ese} L CTSH avg price .36
[11:00] {Threei} touched on 1:1 but I am not sure it was possible to exit, I wasn't offering there
[11:00] {patel} u taking partials
[11:00] {Threei} I think so
[11:02] {Threei} (US) Sen Stabenow: Remains confident that vote on extension of Cash-For-Clunkers could come as soon as this Wednesday
[11:02] {Threei} - Extension is for the approval of additional $2B in funds
[11:02] {Threei} *Note: Stabenow is Senator from Michigan
06[11:04] * Threei kicks VRTX in the rear
[11:05] {Threei} 1:1
[11:05] {Threei} half out
[11:05] {Threei} scalpers are scalpers
[11:05] {Threei} pesky and annoying
[11:05] {Threei} (I know, I see on in the mirror every day)
[11:07] {ese} same with needs a good swft kick
[11:08] {patel} any targets threei
[11:08] {Threei} 1:2, 1/4 more out\
[11:09] {nemo} wfc
[11:09] {nemo} drats
[11:09] {Threei} last portion stop is still under 37
[11:09] {Threei} sheesh... let it go, new plays are there and make us money
[11:09] {Threei} there are 10,000 stocks
[11:10] {nemo} you sure?
[11:10] {Threei} what's with this dwelling on the past, next bus is always aaround the corner
[11:11] {Threei} okay, make your choice now, offer into 1:3 or trail the stop
[11:11] {Threei} if trail, do that when it tags .30
[11:11] {Threei} under the low of this pullback
[11:13] {Threei} ONTY lost its mind
[11:14] {ese} my's the ctsh water torture....can anything climb slower
[11:14] {Threei} stop to .15
[11:15] {Threei} 1:3 is here
[11:16] {ese} grrrrrrrrrrrrr
[11:16] {magoo} vad..was there news RIMM? was piece of shit on big green day
[11:17] {magoo} today..nopt 1 pullbk on red day
[11:17] {Threei} nope
[11:18] {Threei} I am out +.35
[11:18] {patel} nice trade. I kinda messed up and exited all instead of partials.
[11:19] {ese} thats vrtx right vad? how many shs did you do on that?
[11:19] {Threei} yes ese
[11:19] {Threei} anyone else traded it??
[11:19] {patel} i did
[11:19] {patel} 400 shares
[11:20] {nemo} missed it
[11:20] {fernp} missed
[11:31] {Threei} HGSI hard hit
[11:35] {BillyD} new news?
[11:35] {Threei} not that i see
[11:38] {BillyD} tough read
[11:40] {nemo} the rally continues
[11:40] {nemo} Captain Obvious strikes again!
[11:41] {Threei} let's modify ARUN
[11:41] {Threei} .25 break long trigger
[11:41] {Threei} a bit more aggressive entry
[11:47] {nemo} did the stop on arun change?
[11:47] {Threei} no
[11:47] {nemo} you sure?
[11:47] {nemo} hehehehe
[11:47] {Threei} you living dangerously today?
[11:48] {nemo} yeah, I'm in a mood
[11:49] {patel} VRTX almost at 38
[11:57] {Threei} - Schumer comments that SEC's Shapiro mentioned that the ban is 'imminent'
[11:58] {ese} what are flash trades?
[11:58] {Threei} irrelevant distraction
[11:58] {Threei} has to do with dark pools and huigh frequency trading
[11:58] {ese} boy you've lost me vad....dark pools?
[11:58] {Threei} hehe
[11:59] {ese} high frequency makes sense.....dark pools?
[11:59] {patience} that will cut volume
[11:59] {Threei} dark pools - pools of liquidity set by large institutional trading entities away from mainstream market
[11:59] {ese} ahhhhhhhh
[12:00] {Threei} high frequency trading - superfast executions done by computer programs,
[12:00] {Threei} mostly hunting very small price movements or even no mecements at all,
[12:00] {Threei} getting reward in a form of liquidity rebate
[12:00] {Threei} same as get with Laser
[12:00] {Threei} same as we get with Laser
[12:01] {Threei} now, sending "probing" orders into dark pools
[12:01] {Threei} trying to find liquidity there
[12:01] {Threei} based on FOK principle
[12:01] {ese} buying and selling within there own inventory of shares
[12:01] {Threei} (fill or kill)
[12:01] {Threei} where order is active for only milliseconds
[12:01] {ese} based on long time accumulation
[12:01] {Threei} and either getting filled or canceled immediately
[12:02] {Threei} became known as flash orders
[12:02] {Threei} Major concern about them is,
[12:03] {Threei} often they exploit inefficiency dangerously close to exploting information about order flow before aanyone else get a chance to see it.
[12:03] {Threei} It violates the idea of oreders being exposed to everyone at the same time
[12:03] {ese} i can see that
[12:04] {Threei} It remains an open question whether it's illegit frontrunning on privileged distribution of information
[12:04] {Threei} or legitimate using of higher speed by those who has access to higher speed
[12:04] {BillyD} collusion, price fixing, etc
[12:04] {BillyD} lol
[12:04] {BillyD} and justification
[12:04] {Threei} after all, if I have a cable and you have a phone modem, I will get information faster
[12:04] {Threei} and this will be totally legitimate advantage
[12:05] {Threei} There are claims out there that the system of information distribution is rigged
[12:06] {Threei} and this particular senator champions the idea of banning flash orders.
[12:06] {Threei} If he succeeds, fine... if not - fine too.. IMO{ this all is absolutely irelevant
[12:06] {nemo} He has to be hard on the financial industry considering his close ties to Wall Street
[12:06] {nemo} He was skewered during the initial stages of the debacle
[12:07] {nemo} It's like arun heard you call the change
[12:08] {nemo} RIMM gonna break through?
[12:09] {nemo} guess so
[12:18] {Threei} Just 16% of U.S. voters believe that tax increases help the economy
[12:18] {Threei} see, told you it's a mving target
[12:20] {ese} out CTSH .33 +.10 had averaged in from .11
[12:21] {Threei} what an unlikely mover... UAUA
[12:21] {nemo} yeah, on what, higher oil?
[12:22] {Threei} maybe they hired new spin doctor, more talented than old ones... so he proved higher oil is to their benefit
[12:23] {nemo} oh, they made money on their fuel hedges
[12:24] {Threei} (US) SEC: Exploring ways to eliminate the unfairness of flash orders (related XLF )
[12:24] {Threei} it's easy: mandate the same speed for all computers
[12:24] {Threei} mandate the same IQ for all programmers
[12:26] {Threei} somewhere down that road I see a decree mandating the same birthday for entire population - because it's unfair that some get to celebrate on nice summer day while ohers suffer in cold winter one
[12:26] {ese} look at GE
[12:26] {ese} can that carry on?
[12:38] {ese} now thats funny....everybody is an idler
[12:51] {patel} any opinion on KEY?
[12:51] {Threei} not by me
[12:52] {magoo} vad GGC
[12:52] {magoo} 30 points in 5 days
[12:53] {patel} thats what i'm talkinag bout magoo. LOL
[12:53] {Threei} GGC "No comment" on trading activity today (40.45, +16.50, 68.89%)
[12:53] {magoo} oh
[12:53] {patel} that think is flying
[12:53] {patel} thing
[12:53] {Threei} 30 Jul 2009 10:47 GGC Moody's raises ratings to B2 from Caa2 (3 notch increase); outlook stable
[12:53] {Threei}
[12:54] {Threei} a few news headlines on debt exchange before that
[12:55] {Threei} eBay Inc UPDATE: Silicon Alley Insider column this morning discussed rumors that Apple is working on a "PayPal Killer"
[12:55] {Threei} - article notes it could be expanded from iTunes payments which can already be used to buy some virtual and subscription goods in third-party iPhone applications.
[12:55] {Threei} how is it paypal killer
[12:56] {Threei} shrug
[12:57] {Threei} U.S. Treasury Secretary Timothy Geithner issued a stern warning punctuated with expletives to U.S. regulators to end turf battles and show support for President Barack Obama's plan to overhaul financial regulation, a person familiar with the situation said on Monday.
[12:57] {Threei} that's right Timmy, you tell them
[12:57] {Threei} with expletives
[12:57] {BillyD} lol
[12:58] {cosmo} i want to see indictments....
[12:58] {cosmo} but.... no matter
[12:58] {Threei} and don't puctuate with them - let it be expletives puncuated by routine words
[12:58] {Threei} Citing people familiar with the meeting, the newspaper also said that the Treasury Secretary used obscenities and took an aggressive stance in his dressing down of the regulators.
[12:59] {Threei} Spokespersons for the Fed, the SEC and the FDIC did not immediately return calls seeking comment.
[13:00] {Threei} I guess they were searching for the right words
[13:01] {Threei} the following somehow raises the image of Stalin in my mind... read it:
[13:01] {Threei} Mr. Obama in June unveiled a financial regulatory overhaul, sometimes called the biggest since the 1930s. Among other things, the plan would give the Fed added powers, award the government more power to break up troubled companies, and create a new agency to oversee consumer finance.
[13:01] {Threei} Many major banks and industry trade groups however have criticized the plan, as have some regulators wary that any redistribution of power would reduce their own.
[13:01] {Threei} Even though the regulators are viewed as independent of the White House, the Journal said Mr. Geithner told attendees that the administration and Congress set policy.
[13:01] {Threei} It also said the Treasury Secretary, without singling out officials, raised concerns about regulators who have questioned the wisdom of giving the Fed more power.
[13:04] {patel} AMTD break fo 19
[13:05] {patel} what ya think VAD?
[13:06] {Threei} two day's break... and JBE on intraday... overall, it's my kind of plays...
[13:06] {Threei} but today it just doesn't feel right
[13:26] {chiro} AMZN testing lows
[13:29] {ese} l fitb .01
[13:36] {_commaman} opinion, please on MMM long after.84?
[13:37] {ese} out fitb .08 +.07 20k
[13:37] {Threei} I doubt it, MMM
[13:37] {fernp} gj ese
[13:38] {Threei} more feels to me like little bounce before further drop
[13:38] {ese} tks
[13:39] {_commaman} thanks...
[13:42] {magoo} .
[13:51] {Threei} watching RIMM for bounce scalp
[13:52] {nemo} O.K. here's a wise-ass comment...why weren't you watching it for a short!
[13:52] {Threei} since you recognize it as such I may just as well refrain from answer
[13:54] {Threei} .40 long trigger if holding above .25
[13:54] {Threei} invalidated
[13:54] {ese} now that was an interesting runup in fitb
[13:55] {Threei} Senate Majority Leader Reid: There is "absolute unity" among Democrats in the Senate on healthcare
[13:55] {nemo} did his nose grow?
[13:55] {Threei} RIMM .20 long if holding above .05
[13:56] {Threei} no go
[13:57] {nemo} gonna' need market help maybe
[13:57] {Threei} market really dislikes this "absolute unity"
[13:57] {ese} market news of any kind? qqqq's just tanking
[13:57] {fernp} any news Vad?
[13:57] {Threei} only this healthcare thing
[13:57] {ese} absolute unity comment
[14:00] {cosmo} lemings unite
[14:06] {Threei} Long Setup: SRS .60 break if holding above .50
[14:07] {Threei} this is in fact short the market play
[14:07] {Threei} and it starts feeling like we are to get nice downdraft today
[14:07] {Threei} so not a scalp for me
[14:07] {magoo} in
[14:10] {nemo} scalp stop .55?
[14:12] {Threei} no
[14:12] {Threei} there is no support there
[14:13] {ese} general sense of the market last few days vad.......ya got one.....feeling toppy to me
[14:14] {Threei} pretty much
[14:14] {Threei} but timing of exact top is umm
[14:14] {Threei} no worky SRS
[14:14] {Threei} shrug
[14:14] {Threei} idiotic day so far
[14:14] {ese} yes indeed
[14:18] {nemo} wow, SRS just tickled the stop
[14:18] {Threei} if that turns to be a shakeout too, I give up - world IS unfair
[14:19] {nemo} yeah we need Obama to fix it
[14:22] {cosmo} CTSH waits patiently
[14:26] {ese} patel you there......just saw your dcc ....just replied...sorry about that
[14:29] {magoo} ami hear?
[14:29] {magoo} whole system tankage
[14:29] {nemo} I don't know can ami hear?
[14:31] {cosmo} CTSH tests possible 33.58 pivot
[14:31] {cosmo} fwiw
[14:37] {ese} patel....PAtel.........PATEL!!!!!!!!! where are ya man
[14:38] {nemo} think it's short for patella?
[14:40] {ese} you mean wait.....thats the chocolate treat
[14:40] {ese} L mee .10
[14:40] {nemo} that stuff is goood
[14:44] {ese} out .15 +.05
[14:45] {magoo} RICHHHHHHHHHHH
[14:46] {magoo} was short GGC 45 .16
[14:46] {magoo} covered .36.28
[14:46] {magoo} DIONOT TRY THIS
[14:48] {magoo} had heart attack doing it+8.88
[14:48] {magoo} my computer even crashed
[14:48] {magoo} was freakin out..smashed all dinos stuff\
[14:48] {BillyD} feel better now
[14:48] {BillyD} just tell dino it was worth 8 pts
[14:49] {ese} mags your hilarious!!!
[14:50] {ese} ya i agree with billy.....8pts is worth the distruction of the computer
[14:50] {ese} definetly
[14:51] {nemo} great, he'll come in Monday to trade, especially after the month he had, and find his stuff trashed.
[14:51] {ese} thats even funnier
[15:04] {dptl} have a good evening all
[15:05] {ese} l mee .04
[15:06] {magoo} yea..then im dead, ill take monday off i think..i had 800 shares
[15:06] {nemo} what was your stop .00
[15:06] {magoo} my biggest of year score
[15:06] {Threei} take care dp
[15:06] {nemo} ese stop
[15:06] {magoo} BUT IM NOT BUYING HIM A COMPUTER..just the duct tape
[15:07] {Threei} lol
[15:07] {magoo} why smash my stuff? ive learned that lesson
[15:07] {BillyD} rflol
[15:08] {ese} out mee .13 + .09
[15:08] {magoo} u working hard..hes drinkin and golfing..why should my computer be smashed?
[15:09] {ese} sorry nemo.......was concentrating on it too much to reply would have been .99 though
[15:09] {magoo} hey vad, u edit this stuff right?
[15:09] {Threei} nope
[15:09] {magoo} oh oh
[15:10] {nemo} Yeah, I just copy/pasted it for Dino
[15:11] {ese} i'm burnt.........anyone who says this is not stressfull need a good swift kick in the nats.....
[15:11] {Threei} ummm
[15:11] {Threei} that would be me... and I am not delighted by the idea {G}
[15:12] {ese} this is not stressful to you vad?........heck of alot of concentration has to go on least from my point of view
[15:12] {Threei} do it day after day full time for 13 years
[15:13] {Threei} then tell me if it's still stressful to you :)
[15:13] {magoo} i find it very stressful and tiring eses
[15:13] {ese} your amazng for sure........
[15:13] {Threei} magoo doesn't count
[15:13] {Threei} he just loves stress
[15:13] {Threei} if he doesn't find it he creates it
[15:14] {ese} not one bit....teenee weenee bit of stress?
[15:14] {Threei} just as much as normal man needs to get creative juices going
[15:14] {Threei} but nothing of devastating kind
[15:15] {Threei} you know... sweating palms
[15:15] {Threei} hightened heart rate
[15:15] {Threei} breaking up voice
[15:15] {Threei} etc :)
[15:16] {Threei} you are not stone cold when you perfomr on the scene, right?
[15:16] {ese} ya no i get ya........but the concentration factor is huge i find
[15:16] {Threei} you are jazzed up
06[15:16] * magoo slaps Threei around a bit with a large trout
[15:16] {ese} true
[15:16] {Threei} but not stressed out
[15:16] {ese} Ok......i see where your going with this
[15:16] {Threei} and you ARE concentrated, in a way
[15:17] {ese} yup
[15:17] {Threei} same here...
06[15:17] * magoo slaps Threei around a bit with a large trout
[15:17] {Threei} sigh
[15:17] {magoo} f tankage
[15:17] {ese} hmmmmmmm........OK.....I'lll try that shot or 2 of vodka as well
[15:18] {magoo} i do drink dinos booze while hes away lol
[15:19] {ese} ha ha ha..........
[15:26] {magoo} any read rimm here vad?
[15:26] {magoo} i thinking short
[15:26] {Threei} .50 break...
[15:26] {Threei} hard to tell mags, I am off today
[15:26] {magoo} see..i think mkts going down
[15:26] {Threei} so trying not to push it
[15:26] {magoo} ok
[15:27] {Threei} well, I thought so too
[15:27] {Threei} didn't materialize
[15:27] {magoo} oh yeah..the srs
[15:28] {ese} gotta go all....see you all tomorow
[15:28] {fernp} bye ese
[15:28] {magoo} WAITTTTTTTTT
06[15:28] * magoo slaps ese around a bit with a large trout
[15:28] {Threei} take care ese
[15:28] {ese} what!!!!!
[15:29] {ese} see ya mags
[15:29] {ese} vad
[15:34] {chiro} rimm
[15:34] {chiro} sry...wrng window
[15:37] {Threei} Short Setup: WFC .30 break
[15:38] {Threei} last attemot to repair the day
[15:38] {magoo} u confident}?
[15:39] {jfjf64} good afternoon all
[15:39] {Threei} hmm?
[15:39] {Threei} hey jf
[15:39] {Threei} about what mags?
[15:39] {fernp} stop Vad?
[15:40] {Threei} above .40
[15:40] {magoo} huh?
[15:40] {jfjf64} this wfc will be my 1st trade all in boss
[15:40] {jfjf64} in .28
[15:41] {nemo} in .29
[15:41] {magoo} in .32
[15:41] {Threei} if it doesn't work, I am off to monastery
[15:41] {nemo} you mean
[15:41] {nemo} nunnery
[15:41] {Threei} for the next 5 years
[15:41] {Threei} but the trip itself should be short enough so Iam ready to trade tomorrow morning
[15:42] {nemo} where.s the stop
[15:42] {jfjf64} i will not ask how day was
[15:42] {Threei} [15:40] {Threei} above .40
[15:42] {nemo} ?
[15:42] {Threei} why not jf?
[15:42] {fernp} no short inventory here
[15:43] {Threei} looks like good thing in this case fern, lol
[15:43] {jfjf64} with ya goin to nunnery hope was good
[15:43] {fernp} u think?
[15:44] {Threei} VZ) Venezuela Pres Chavez: Evaluating the expropriation of some coffee companies
[15:44] {Threei} - Aiming to continue to nationalize 'monopolies'
[15:44] {Threei} related GMCR USD/VEF SBUX USD/COP
[15:49] {Threei} die WFC
[15:49] {Threei} you have just 10 min to go to 25
[15:49] {jfjf64} getin ready too
[15:49] {magoo} thought we were gonna lose u big guy
[15:49] {Threei} although 24 would be better
[15:50] {jfjf64} met l .50 break
[15:51] {Threei} what can I say
[15:52] {Threei} qwhen things don't work, they just don't
[15:52] {jfjf64} 1/1 met
[15:53] {Threei} okay guys, talk to you tomorrow morning from the monastery
[15:53] {Threei} have a good evening
[15:53] {jfjf64} leavin stop at .41 till close
[15:53] {fernp} lol
[15:53] {fernp} good nite all
[15:53] {jfjf64} half out
[15:53] {magoo} bye vad
[15:54] {jfjf64} later vad
[15:55] {jfjf64} 1/4 out
[15:56] {jfjf64} last piece stop at .65
[15:58] {jfjf64} ya go met
[15:58] {jfjf64} stop to .75 lasst 1/4
[15:59] {jfjf64} done
[15:59] {jfjf64} good night all

Labels: , , ,

Monday, August 3, 2009

Aug 03 2009

Week started nicely with steady and safe profits. WFC short, CAT long, HIG two-sided setup that triggered on a long side and worked, F short that took a lot of patience but finally worked out... what else does one need from Monday.

Session Time: Mon Aug 03 00:00:00 2009

[08:05] {nemo} market left without us
[08:37] {Threei} KERX Announces Agreement with FDA on a Special Protocol Assessment for Phase 3 Trial of KRX-0401 (Perifosine) in the Treatment of Multiple Myeloma
[08:38] {BillyD} GM Vad
[08:38] {Threei} Billy :)
[08:52] {magoo} morning
[08:53] {Threei} magoo
[08:53] {magoo} what we watching pre vad?
[08:53] {Threei} kind of everything
[08:53] {Threei} KERX
[08:54] {Threei} WFC
[08:54] {Threei} AUY
[08:54] {Threei} SLW
[08:54] {magoo} u see HURN down 32?
[08:55] {Threei} yes but I considcer it hallucination
[08:56] {Threei} Huron Consulting Group Guides Q2 R$164-166M v $174.7Me, FY09 R $650-680M v $732Me; James Roth named CEO
[08:56] {Threei} - Company to restate financial statements for the fiscal years 2006, 2007 and 2008 and Q1 2009.
[08:56] {Threei} to correct the Companys accounting for certain acquisition-related payments received by the sellers in connection with the sale of certain acquired businesses that were subsequently redistributed among themselves and to other select Huron employees. As a result, the historical financial statements for these periods should no longer be relied upon. The restatement items are non-cash charges with a total estimated impact on net income and EBITDA for all restated periods of $57 million.
[08:57] {Threei} It recently came to the attention of the Audit Committee of the Board of Directors that, in connection with one of these acquisitions, the selling shareholders had an agreement among themselves to reallocate a portion of the earn-out payments to an employee of the Company who was not a selling shareholder. Following this discovery, the Audit Committee commenced an inquiry into the relevant facts and circumstances of all of the Companys prior acquisitions to determine if similar situations existed.
[08:57] {Threei} stockholder nightmare
[08:58] {magoo} yea...but 33 points?u think its got a bounce in it?
[08:58] {Threei} thgis is one of those cases that can proceed even lower no matter how far it drops
[08:59] {Threei} will bounce of course
[08:59] {Threei} matter of readability...
[08:59] {Threei} how's that for laughter:
[08:59] {Threei} HURN Oppenheimer Cuts HURN to Underperform from Outperform, price target: $60
[09:00] {magoo} i want that guys job!!!!!
[09:09] {Threei} I've seen this before
[09:10] {Threei} this is not just "gap down"
[09:10] {Threei} this is devastation
[09:10] {magoo} what u think? goin o 5 bux
[09:10] {Threei} stock holders all over the intyernet scream about how unfair to the stock it is and how it's worth much more and how it's going to be back in no time
[09:11] {Threei} and how they buy all they can
[09:11] {magoo} so whos selling then?
[09:11] {magoo} mutuals?
[09:11] {magoo} hedgies?
[09:11] {Threei} and hbow evil market makers shake out weak hands while buyong all they can,
[09:12] {Threei} and how they hold it down so friends and family can load the tracks
[09:12] {dptl} good morning all
[09:13] {Threei} dp :")
[09:13] {fernp} good morning everybody
[09:13] {Threei} fern :)
[09:26] {jfjf64} mornin all my trading crazies
[09:26] {nemo} pot calling the kettle black
[09:26] {Threei} morning jf... but why are you addressing magoo in plural?
[09:27] {jfjf64} lol
[09:27] {jfjf64} lets hit em fast today vad going out on boat
[09:29] {Threei} sounds good, ecept in my experiwence, when you try to hit'e, fast, 'dey hit back even faster
[09:29] {nemo} can only hunt what's there
[09:30] {BillyD} Art of War
[09:31] {Threei} Long Setup: TWNT .25 break if stays above .15
[09:31] {Threei} TQNT
[09:33] {Threei} for hardcore scalpers, if stays above .20
[09:33] {jfjf64} bac.35 break
[09:35] {jfjf64} bac invalid here
[09:36] {Threei} WFC looks stronger so far
[09:36] {nemo} mmmhhh...25 looks like the resistance for tqnt...look at that huge offer again
[09:37] {nemo} and @ .29
[09:37] {jfjf64} .81 trigger F long
[09:39] {Threei} ESLR Hearing vague takeover chatter circulating in name (2.19, +0.09, 4.29%)
[09:40] {jfjf64} buy them clunkers
[09:40] {nemo} stopped tqnt
[09:40] {Threei} no worky TQNT
[09:41] {Threei} Short Setup: WFC .14
[09:41] {Threei} if stays under .21
[09:42] {Threei} under .20
[09:42] {jfjf64} in .13
[09:43] {Threei} 1:1
[09:43] {Threei} feel free to cover
[09:43] {BillyD} ty Vad
[09:44] {jfjf64} ty vadd
[09:44] {patel} ty vadd
[09:46] {Threei} Long Setup: CAT .50 if stays above .35
[09:47] {jfjf64} i hate ya F
[09:47] {jfjf64} IN .51
[09:47] {Threei} {F} and here I am, trying to be the best of your car manufacturers... :(
[09:49] {jfjf64} meow lets go
[09:49] {jfjf64} 1/1 ty vadd
[09:50] {fernp} HIG vad? Double bottom?
[09:50] {Threei} if market helps, pretty much
[09:50] {nemo} need market help
[09:50] {Threei} Long Setup: HIG .83 if stays above .70
[09:51] {Threei} Short Setup: HIG .70 break if stays below .82
[09:51] {jfjf64} ya sittinn cat sold half
[09:51] {Threei} how about that? :)
[09:53] {jfjf64} in .84
[09:53] {Threei} CAT 1:1
[09:53] {Threei} and over
[09:54] {jfjf64} out cat ty
[09:55] {jfjf64} svnt l .95 break
[09:57] {jfjf64} 1/1 more
[09:57] {jfjf64} half out
[09:58] {jfjf64} stop to .15
[09:59] {jfjf64} 1/4 out .35
[09:59] {jfjf64} done
[09:59] {magoo} out CAT .89 TY boss
[10:00] {BillyD} out HIG ty
[10:00] {nemo} ism report vad?
[10:01] {Threei} JULY ISM MANUFACTURING: 48.9 V 46.5E
[10:01] {Threei} **Sub Indices:
[10:01] {Threei} - Prices paid: 55 v 50.0 prior
[10:01] {Threei} - Employment Index: 45.6 v 40.7 prior
[10:02] {jfjf64} .55 break agen
[10:03] {nemo} what's your stop jf .40?
[10:03] {jfjf64} yes
[10:04] {nemo} .56 has huge order too
[10:05] {jfjf64} see
[10:06] {magoo} rewad on RIMM vad?
[10:07] {Threei} .40 break
[10:07] {Threei} with stop under whatever low it puts ikn before breaking, and invalidation under .20
[10:07] {Threei} invalidated
[10:08] {jfjf64} later agen
[10:09] {jfjf64} vad any read osk pullbk can ya find trigger for bounce
[10:10] {Threei} not really
[10:10] {Threei} F.IT Chrylser US Sales down less than 10% - unconfirmed report
[10:11] {Threei} Preview: July US Vehicle Sales numbers expected throughout the day from major auto makers
[10:11] {Threei} **consensus estimates (adjusted):
[10:11] {Threei} - Ford: -6%e (usually released at Noon ET, but today expected at 11amET).
[10:11] {Threei} - GM: -24%e (usually released around 1:45pmET).
[10:11] {Threei} - Chrysler: -33%e
[10:11] {Threei} - HMC: -19%e
[10:11] {Threei} - TM: -20%e
[10:11] {Threei} - NSANY: -29%e
[10:11] {jfjf64} cof c/h??
[10:12] {Threei} .60 break is interesting
[10:13] {jfjf64} ty
[10:13] {jfjf64} vol pk up
[10:13] {jfjf64} in
[10:14] {Threei} half out here
[10:14] {jfjf64} 1/1 ty
[10:14] {jfjf64} all out
[10:15] {jfjf64} +11 +4
[10:15] {jfjf64} tyvad
[10:15] {Threei} sure
[10:23] {jfjf64} fcx .95 break half lot
[10:24] {jfjf64} 25 cent stop
[10:25] {jfjf64} im still valid
[10:25] {nemo} trade, or personally?
[10:26] {BillyD} CAT is strong
[10:30] {magoo} CAT animal..excuse pum
[10:30] {Threei} *S&P500 INDEX MOVES ABOVE 1,000 MARK FOR THE FIRST TIME SINCE NOV 5, 2008
[10:30] {Threei} - Note that the S&P500 closed at 1005.75 on Nov 4, the day President Obama was elected.
[10:31] {Threei} and their point is?...
[10:31] {Threei} anyone is free to read whatever they want in that
[10:31] {jfjf64} 1/1 fcx
[10:32] {Threei} his fans will say market has shown confidence in him by returning to those highs
[10:32] {BillyD} looking at ANDS possible short off .75
[10:32] {jfjf64} stop .15
[10:32] {Threei} his foes will say market went up despite
[10:32] {jfjf64} out
[10:40] {jfjf64} later guys enjoy goin on da boat
[10:40] {Threei} take care jf
[10:40] {ese} Hi all.....Symphony Splash here yesterday.....just got up
[10:40] {Threei} ese :)
[10:40] {Threei} how did it go?
[10:41] {ese} fantastic.....the kids were just great....super show
[10:41] {Threei} :)
[10:41] {ese} anything happening in the market
[10:43] {Threei} gap up... morning movements... quieter now
[10:43] {ese} not to mention that my band parents and I had a room in the Empress Hotel with and amazing view....and we were drinking heavily
[10:44] {patel} how does TC look?
[10:45] {ese} TC ?
[10:45] {patel} Thompson Creek Metals (tick: TC)
[10:45] {ese} ahhhhhhhh
[10:46] {Threei} forms triangle for a break...
[10:47] {Threei} whether it ge4ts markert help for that is the question
[10:53] {magoo} any read HURN vad?
[10:54] {Threei} not really
[10:55] {magoo} how about RIMM?
[10:56] {Threei} rather short than long
[10:56] {Threei} but not enough confidence for the call
[11:00] {Threei} F Reports July vehicles sales 165K, +2.3% v -2%e (unadjusted) (8.61, +0.61, 7.63%)
[11:02] {magoo} any read CAT vad?
[11:02] {Threei} shrug
[11:03] {Threei} Short Setup: F .5 if stays under .60
[11:05] {fernp} no avalible here grrrrrrrrr
[11:06] {Threei} HURN Hearing defended at UBS (timing uncertain) (14.28, -30.07, -67.80%)
[11:09] {Threei} F if works, probably more than scalp
[11:10] {chiro} target on F?
[11:10] {chiro} ty
[11:10] {nemo} look at the gap
[11:10] {magoo} prob .25 area IF IF worx
[11:10] {Threei} hard to tell about ultimate target, going to partial as usual and see how it trades
[11:11] {magoo} jazz
[11:11] {magoo} rip
[11:12] {Threei} on no news again
[11:14] {wulff} seems like a day that the opposite always happens
[11:16] {Threei} guess who is coming on TV
[11:16] {BillyD} lol
[11:23] {ese} L KEY . .20
[11:26] {Threei} GM Reportedly could require additional layoffs to hourly workers - unconfirmed report
[11:26] {Threei} why, we will just send 10 more B o them
[11:39] {patel} come on F
[11:43] {Threei} {F} as a last standing US car manufacturer, I'll reserve right to drop on my own schedule
[11:45] {ese} L mee .10
[11:51] {Threei} keeping an eye on LVS
[12:00] {Threei} CIT Halted: news pending (0.84, -0.03, -3.39%) (related XLF )
[12:01] {ese} out mee .21 +.11
[12:03] {Threei} (US) Study concludes that by 2030 the US will need 45 new nuclear reactors, to cut emissions by 8% - industry sponsored study on emissions
[12:04] {patel} read on F is still the same correct
[12:04] {Threei} nothing changed really
[12:04] {BillyD} except time
[12:05] {magoo} and mkts powers up
[12:05] {BillyD} true, probably only thing holding F up
[12:05] {magoo} if mkthad was golden, but'
[12:11] {ese} out KEY .31 +.11
[12:15] {Threei} CIT CIT Announces Amendment of Tender Offer and Interim Tender Results
[12:15] {Threei} with the consent of the lenders steering committee for its recently announced $3B secured credit facility, it has amended its pending tender offer for its $1B of Floating Rate Senior Notes due August 17, 2009
[12:15] {Threei} - As a result of the amendment, holders of all Notes tendered prior to the expiration date at midnight, New York City time, at the end of Friday, August 14, 2009, will receive the amended purchase price of $875 in cash per $1,000 principal amount of Notes, as total consideration in the Offer. Previously, the purchase price, which included an early delivery payment, was $825 per $1,000 principal amount of Notes.
[12:18] {Threei} grrr
[12:18] {Threei} slept through LVS break
[12:20] {Threei} (US) Obama Administration: Half of cars bough under "cash for clunkers" have been bought from big three automakers, Ford Focus is the top seller
[12:20] {Threei} - So far 83% of trade-ins are trucks
[12:20] {Threei} - Models being purchased under the program average a 61% increase in fuel economy over trade ins.
[12:29] {Threei} Bank of America Corp Reportedly SEC to files lawsuit over alleged false statements in proxy statement for Merrill Lynch acquisition
[12:29] {Threei} - suit filed in federal court in New York.
[12:30] {Threei} wow
[12:34] {BillyD} HIG short if stays under .30 and breaks .20
[12:34] {Threei} looks right
[12:35] {nemo} mee kept going ese
[12:35] {ese} did it ever
[12:36] {ese} ah well........there'll be more where that came from.
[12:38] {ese} have to sign off everyone.......have another show today at noon.......St Anns Academy Vad.....was a nunery at one time....great place to take pictures and they say that it's haunted....a nun burried under each of the apple trees on the grounds.
[12:38] {nemo} break a hip ese
[12:38] {ese} tks
[12:38] {Threei} take care ese :)
[12:38] {ese} see ya
[12:38] {nemo} I had a comment, but don't want to give Vad the extra editing work
[12:38] {Threei} thank you
06[12:39] * Threei shudders just imagining that comment that gave pause even to nemo
[12:40] {magoo} no brainer..i shorted .40 covered .90 millions ofg shares
[12:44] {magoo} resh .15
[12:44] {magoo} RISKY
[12:44] {Threei} whatcha talking about mags?
[12:45] {magoo} BAC
[12:45] {Threei} ahh
[12:45] {Threei} you think we read your mind or what
[12:45] {magoo} out
[12:45] {magoo} too fast sorry
[12:46] {Threei} interestinbg that it stayed up there for 4-5 minutes after news
[12:46] {magoo} could really dump vad, ltswatch
[12:49] {magoo} RIMM should take 77...
[12:50] {BillyD} HIG stopped -.13
[13:00] {magoo} RIMM
[13:03] {magoo} lies..lies...lies...that thing should not be going up..BAC
[13:03] {Threei} BAC Reportedly settles SEC inquiry for $33M (15.42, +0.63, 4.26%)
[13:07] {Threei} quite quick turnaround of news on BAC
[13:07] {Threei} they got sued today and sxetlled today?
[13:07] {magoo} i think short but not in
[13:07] {BillyD} no kidding, I shorted into the bounce at .28 and stopped .31
[13:07] {Threei} you made a good trade on it
[13:08] {Threei} practically killing in temrs of this stock movement
[13:08] {magoo} yea..
[13:08] {Threei} 50 cents for it is a fantastic profit, especially considering it allows good shares size
[13:08] {magoo} sh .40
[13:08] {Threei} so... just leave it alone now
[13:08] {Threei} lest it turns into well visitred all too often
[13:09] {Threei} and you, Ford... will you die finally?
[13:11] {Threei} 7261.JP Reports US July sales at 19.03K; -15.1% y/y
[13:11] {Threei} that's Mazda
[13:11] {Threei} about F:
[13:12] {Threei} we had nicely profitable morning,
[13:12] {Threei} here is what I suggest you do with this position
[13:12] {Threei} if the way you managed your trades in the morning leaves you enough room to afford this one if it stops us out, keep it
[13:13] {Threei} if this stop will eliminate your profits, scratch it here
[13:13] {Threei} it's at breakeven, no harm done
[13:13] {Threei} makes sense?
[13:13] {Threei} F.IT Chrylser reports July vehicles sales 88.9K units; -9% v -29%e (unadjusted)
[13:15] {Threei} since you all seem to fall asleep, I will be back in 20
[13:19] {magoo} out sh bac flat
[13:20] {magoo} scarin me
[13:22] {magoo} rimm 77
[13:30] {wulff} gracious, CTRP
[13:32] {Threei} (US) White House Press Sec: There is no doubt "several hundred thousand" more jobs will be lost in US economy (related EUR/USD TLT SHY )
[13:40] {patel} New car sales number come out at 2 right
[13:42] {Threei} GM should be next
[13:42] {Threei} 1:45 usually
[13:56] {Threei} GM Reports July vehicles sales 189K units, -19% v -20%e (unadjusted)
[13:56] {Threei} - July production 102K units (39K cars, 63K trucks); -57% y/y
[13:56] {Threei} - Q3 production forecast at 535K ...more...
[13:56] {Threei} NSANY Reports July vehicles sales -24.6% v -25%e (unadjusted) (15.46, +0.97, 6.69%)
[13:57] {Threei} Short Setup: WFC .50 if stays under .60
[14:06] {Threei} invalidated, and as usually lately, fade would have worked
[14:07] {fernp} true
[14:09] {Threei} 7269.JP Reports US July sales at 3.K; -57% y/y
[14:09] {Threei} Suzuki, in case you don't recognize those cryptic names
[14:10] {Threei} 012330.KS Reports July US sales +12%
[14:10] {Threei} Hyundai, lol
[14:10] {BillyD} ONTY some buying
[14:11] {Threei} BMW.GE Reports US July sales at 21.25K; -27% y/y
[14:14] {patel} has Ford reported yet
[14:14] {Threei} long ago
[14:15] {Threei} [11:00] {Alert} Threei F Reports July vehicles sales 165K, +2.3% v -2%e (unadjusted) (8.61, +0.61, 7.63%)
[14:16] {magoo} in a place far far away
[14:16] {nemo} place or galaxy?
[14:24] {Threei} Long Setup: ADBE 33 break if holding above .90
[14:25] {Threei} .95 would be aggressive entry if you want tyo save a few cents
[14:25] {Threei} with usual tradeoff
[14:25] {magoo} full?
[14:25] {Threei} sure
[14:26] {nemo} How do we set up alerts on specific phrases in mirc? I seem to have set it up not to make a sound, an I forgot how I did it. (I feel like Magoo)
[14:27] {Threei} via Highlight
[14:27] {nemo} what menu?
[14:27] {patel} right click on Threei then info
[14:27] {patel} then highlight
[14:29] {Threei} Toyota Motor Corp Reports July vehicles sales at 174.8K, -11.4% v -16%e (unadjusted)
[14:29] {Threei} - President: "Beyond the tangible economic stimulus, the positive environmental benefits of the CARS program is clear to see, The program is achieving its goal of increasing fuel efficiency. CARS-related Toyota sales, over the seven days alone, will save customers an estimated 8 million gallons of gas and 20 million dollars in gas spending over the next year."
[14:30] {nemo} there is no highlight under any of the fueatures whe I right click on Vad
[14:30] {patel} Right click on Threei
[14:30] {patel} then select INFO
[14:30] {patel} then click on Highlight
[14:30] {Threei} invaliadetd ADBE
[14:30] {nemo} don't have it
[14:30] {Threei} different MIRC version...
[14:31] {patel} i am using V 6.35
[14:31] {nemo} me too, oh oh
06[14:33] * nemo slaps Threei around a bit with a large daytrading course
[14:34] {nemo} that was by accident
[14:34] {Threei} sure
[14:34] {nemo} I'm looking for that frickin' feature
06[14:34] * Threei slaps nemo around a bit with a large accident that was waiting to happen
03[14:35] * Looking up nemo user info...
[14:35] {Threei} right click - Ucentral
[14:35] {Threei} dfo you have that?
03[14:35] * Looking up nemo user info...
[14:36] {nemo} there it is
[14:36] {Threei} last button is highlight
[14:37] {nemo} yep, got it. I just forgot where it was
[14:37] {nemo} thanky...Now I'm off for the day P&Q
[14:37] {Threei} I spent 2 minutes looking for it, at my going rate you owe me $16.66
[14:38] {nemo} How 'bout I take you off my DPWFL, or at least put your name in pencil?
[14:38] {Threei} nah, I'll take my chances
[14:42] {Threei} question of the day:
[14:42] {Threei} is today's afternoon more boring that Friday's was or less?
[14:43] {BillyD} tie
[14:43] {Threei} okay, lol
[14:43] {Threei} you take easy way out
[14:43] {BillyD} too much
[14:43] {wulff} Are we ending Green?
[14:43] {Threei} most likely
[14:44] {Threei} even though gain is not that big presently so it couldn't get reversed quickly, I doubt that's in cards
[14:45] {Threei} hmm
[14:45] {wulff} would really like to see some down days
[14:45] {Threei} % of idiots is a moving target...
[14:45] {Threei} Seventy-six percent (76%) of U.S. voters now think President Obama is at least somewhat liberal. Forty-eight percent (48%) say he is very liberal
[14:46] {Threei} okay, so far, so good
[14:46] {Threei} now:
[14:46] {Threei} Seventeen percent (17%) of voters say the president is moderate, while only six percent (6%) believe he is conservative.
[14:46] {Threei} so it's 6% now
[14:46] {Threei} lat week something like 18 perents thought we need another stimulus package right now
[14:46] {Threei} so I am lost about exact % of idiots
[14:47] {wulff} the meeting is next monday
[14:49] {dptl} ok.....have a good evening all :)
[14:49] {Threei} take care dp
[14:59] {Threei} US Govt to adjust the "Hope for Homeowners' program with goals for re-launch in early September (related XHB XLF )
[15:00] {Threei} US Treasury quarterly borrowing needs: Cuts estimate from $515B; sees requiring $406B
[15:01] {BillyD} ONTY 6.20 trigger imo
[15:01] {BillyD} take a look vad
[15:02] {Threei} valid play... I wish stop would be closer
[15:02] {BillyD} agree
[15:04] {patel} anyone still in F
[15:04] {patel} i am
[15:05] {Threei} yup
[15:05] {patel} are u looking for partials
[15:05] {Threei} well, originally yes but now time becomes a consideration as well, we are closer and closer to eod
[15:05] {Threei} and I am not going to take it overnight
[15:11] {patel} yeah
[15:12] {patel} defiintiely not
[15:15] {Threei} Castro says abandoning communism is not on the table
[15:15] {magoo} rimm short vad?
[15:15] {Threei} I guess because it worked so wonderfully for them
[15:15] {BillyD} well, for him
[15:15] {Threei} lol
[15:15] {wulff} already there Magoo
[15:15] {Threei} .60 break...
[15:16] {Threei} it's a valid play
[15:16] {Threei} my concern is,
[15:16] {Threei} pushing plays at this time of the day mostly cost us early made profits
[15:16] {Threei} so, if you feel you really like it, take half lot
[15:26] {patel} F is going to take us to the last minute
[15:27] {Threei} market experiences sudden spasm of happiness
[15:28] {Threei} or it's just gas
[15:30] {Threei} Market Internals update at 3:30pmET
[15:30] {Threei} - NYSE volume 885M shares, about even to its three-month average; advancers lead decliners by 5.2:1.
[15:30] {Threei} - NASDAQ volume 1.82B shares, about 1% below its three-month average; advancers lead decliners by 2.1:1.
[15:30] {Threei} - VIX index flat on the day at just under 26.00
[15:34] {Threei} guess what
[15:34] {patel} 1:1
[15:34] {Threei} F over 1:1
[15:34] {Threei} cover half
[15:35] {Threei} or take scalp
[15:35] {patel} same here
[15:35] {patel} i covered half
[15:35] {wulff} +.30 RIMM
[15:35] {Threei} 25 min left
[15:37] {Threei} bidding 1/4 more .32
[15:37] {Threei} stop to above .50
[15:38] {Threei} RIMM short hit 1:1 too
[15:46] {Threei} 1/4 more out
[15:46] {Threei} stop to above .40
[15:46] {Threei} bidding last piece at .24
[15:52] {Threei} your ONTY Billy
[15:52] {BillyD} missed it gr
[15:59] {Threei} okay
[15:59] {Threei} covering last portion here
[15:59] {Threei} .33
[16:00] {BillyD} nice patience
[16:00] {Threei} plus deep coma
[16:00] {Threei} nice start for the week
[16:00] {Threei} thank you all, have a good evening
[16:00] {BillyD} you lost me on it a long time ago with scratch
[16:00] {Threei} see you tomorrow
[16:00] {fernp} good nite all
[16:00] {patel} good ngiht
[16:00] {patel} and thanks for F
[16:00] {patel} patience paid off

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