Feb 25 2008
Session Time: Mon Feb 25 00:00:00 2008
[08:36] {magoo} morning
[08:37] {Threei} Good morning RT
[08:37] {Threei} or whatever part of it managed to wake up
[08:38] {magoo} vd : )
[08:38] {magoo} so friday was bullmkt {at least in eod}
[08:38] {magoo} bear today boss?
[08:38] {Threei} you know what caused Fri explosion right?
[08:40] {magoo} do not remember
[08:41] {Threei} one person, coming on TV and speculating about bond insurers bailout
[08:41] {Threei} and that was what sent markets flying
[08:41] {Threei} believe it or not
[08:41] {Threei} sooo... today someone comes on TV and says no way - imagine what happens hnext
[08:41] {Threei} or rumor comes true
[08:42] {Threei} or some third turn of events comes along
[08:42] {Threei} thus... I am putting my crystal ball back in the sandal box, and just going with immediate developments
[08:44] {cosmo} MRVL (Barrons likes it) pre mkt high = 11.60 so far
[08:45] {magoo} gotcha..this mkt has no committment to either direction
[08:45] {magoo} unless its one committment is to reverse
[08:45] {Threei} and it's bound to change any minute
[08:45] {magoo} seems its been reversing everyday
[08:46] {Threei} I can't imagine what investors are going through when even we daytraders get overwhelmed sometimes by how quickly things change these days
[08:48] {cosmo} its the climate i think
[08:49] {Threei} and its change?
[08:49] {Threei} TASR
[08:49] {Threei} RECEIVES TWO SIGNIFICANT LAW ENFORCEMENT ORDERS
- The first order received was from the San Diego County Sheriff's Department in San Diego, CA, for 291 TASER X26 Electronic Control Devices (ECDs).
[08:49] {Threei} - The second order received was from the Sacramento County Sheriff's Department in Sacramento, CA, for 180 TASER X26 ECDs and related accessories.
[08:49] {Threei} FORMER FED CHAIRMAN GREENSPAN: RECESSION WILL NOT BE SIGNIFICANTLY LONGER THAN THE LAST
- Would not be surprised if this recession is deeper
[08:49] {Threei} - Finance problems marginally affected the economy
[08:49] {Threei} - House prices to continue to fall
[08:50] {Threei} US WEIGHS SANCTIONS ON IRAN'S CENTRAL BANK - WSJ- The Treasury Department is gathering evidence it says shows that the central bank of Iran is helping other Iranian institutions elude US economic sanctions, in what could be a prelude to penalties against the central bank.
[08:54] {cosmo} HOKU gets $25M private placement ...fwiw
[08:55] {cosmo} pre mkt high = 10
[08:58] {dino} gm all
[08:58] {Threei} dino :)
[09:03] {esemde} morning rt's
[09:04] {Threei} ese :)
[09:08] {esemde} Genentech DNA....another cancer cure...breast cancer
[09:09] {Threei} news on Fri after close
[09:09] {cosmo} mrvl 11.50 may test
[09:09] {Threei} two upgrades this morning
[09:11] {cosmo} MRVL needs to hold 11.35 imho
[09:11] {dino} gtxi
[09:13] {dino} ggg nyt to sell
[09:17] {dptl} good morning all
[09:17] {Threei} dp :)
[09:17] {tomg} gm all
[09:19] {Threei} tom, welcome back
[09:19] {tomg} ty vad
[09:21] {magoo} morn tomg
[09:21] {tomg} hi magoo
[09:26] {lumdus} good morning all. Hoping for an easy profitable week.
[09:26] {Threei} lum :)
[09:27] {Threei} here is to easy money
[09:29] {esemde} GTXI prostrate cancer drug
[09:29] {esemde} hmmmmm
[09:32] {_leo1} HI
[09:32] {Threei} leo :)
[09:32] {magoo} morn leo:)
[09:32] {_leo1} hi
[09:36] {Threei} IDMI .51 long
[09:36] {Threei} stop under .40
[09:39] {Threei} NTAP 22.50 long for a scalp if stays above .35
[09:40] {magoo} big naz fall
[09:41] {Threei} NVDA .83 short if stays under 22
[09:43] {magoo} in nvda
[09:43] {Threei} .95 stop for hard core scalpers
[09:43] {Threei} 22.01 otherwise
[09:44] {lumdus} teva look also good
[09:46] {magoo} naz killed it
[09:47] {esemde} bstop NTAP 22.50 1/2 lot
[09:47] {esemde} has to stay above .28
[09:47] {Threei} FED'S KROSZNER: DOES NOT ADDRESS MONETARY POLICY, US ECONOMIC OUTLOOK
[09:48] {Threei} why is he speaking at all then?
[09:48] {lumdus} in teva 49.19
[09:48] {Threei} NVDA stopped
[09:48] {lumdus} long teva 49.19 stop 49.09
[09:48] {esemde} these guys are the goofiest fed ......everybody speaking out of turn...off-handed comments....
[09:51] {lumdus} stop on teva 49.14 (crazy market so far)
[09:51] {bruce} ntap still valid?
[09:51] {magoo} NTAP valid?
[09:51] {bruce} dropped to .30
[09:51] {bruce} youmy echo mags?
[09:51] {Threei} if you don't mind stop under .30, yes
[09:52] {magoo} only mind if it hits it vad
[09:52] {bruce} I echo mags
[09:52] {Threei} volatile one: DPTR
[09:52] {Threei} small shares long .20-.25
[09:52] {Threei} support is 22.90
[09:52] {magoo} DPTR trade like IDMI vad?
[09:53] {magoo} running
[09:56] {Threei} market is kind of waiting for something
[09:57] {cosmo} obl?
[09:57] {cosmo} ...nah
[10:00] {Threei} *JAN EXISTING HOME SALES: 4.89M V 4.80ME
[10:00] {bruce} lcav spike dino
[10:01] {dino} too fast
[10:01] {esemde} L ong .51NTAP
[10:02] {bruce} vrtx - any read vad?
[10:02] {magoo} IDMI gonna fall with mkt vad?
[10:02] {Threei} worth try long bruce if stays above .20
[10:02] {Chaeron} gm all :)
[10:03] {Threei} chaeron :)
[10:03] {Threei} IDMI trades in its own world mags
[10:03] {Threei} and it's a wierd world
[10:03] {lumdus} teva running nicely
[10:04] {Threei} i am keeping NTAP stop at .39
[10:05] {cosmo} mrvl
[10:05] {cosmo} 11.6
[10:07] {dino} sm spwr l .80
[10:07] {Threei} stay patient guys, market is slow to wake up
[10:08] {Threei} (can't blame it, really)
[10:08] {Threei} but something is brewing
[10:08] {lumdus} you wish you could sleep late .. huh
[10:08] {Threei} always
[10:09] {Threei} I don't know what, but this feels like calm before the storm
[10:10] {dino} out spwr 69.86 +1.06
[10:10] {Threei} INSU
[10:11] {Threei} 15 break long half lot
[10:11] {Threei} stop under 14.80
[10:11] {esemde} have been getting that market feeling since about last wed or thurs Vad...
[10:11] {esemde} question is....is it storm up or storm down
[10:11] {magoo} no way to catch 15
[10:11] {Threei} that's a good question
[10:12] {dino} same feeling 3i, somethings' about to give big time
[10:12] {Threei} so let's make bets?
[10:12] {Threei} up or down?
[10:12] {patience} big time down
[10:12] {lumdus} vad, when you get a chance. Can you look at my teva trade. Did i screw up ?
[10:12] {esemde} i feel for some reason it's going to head up.....it just has not been selling down hard like it did in mid january
[10:13] {dino} i'm going contrary, everybody wants down, so i'll take up
[10:13] {esemde} i'm with you dino
[10:14] {Threei} lum, I see your entry
[10:14] {dino} great monds think alike, :)
[10:14] {Threei} what happened next?
[10:14] {dino} minds
[10:14] {magoo} well, i thought up
[10:14] {magoo} so everybody is thinking up
[10:14] {lumdus} i put a stop on 49.17 and triggered vad
[10:14] {Threei} way too tight, IMO
[10:15] {Threei} my trailing would be:
[10:15] {lumdus} ......
[10:15] {lumdus} 49.07 ?
[10:15] {Threei} .09 after it broke .20,
[10:15] {Threei} .15 after it broke .30
[10:15] {lumdus} ok. in short i screwed up. thank you.
[10:15] {lumdus} at now would be .26
[10:16] {Threei} right
[10:16] {Threei} remember our Fri discussion on trailing stops?
[10:16] {Threei} this is good illustration, trail them as chart dictates
[10:16] {Threei} meaning:
[10:16] {Threei} stock formed new range as it moves in your favor,
[10:16] {Threei} broke resistance of that range,
[10:16] {lumdus} vad, this wasn't trailing stop. this was a manual hard stop i put in.
[10:17] {Threei} now you can move stop under support of that reange
[10:17] {Threei} I under stand, but yoyu trailed it the same way
[10:17] {Threei} by arbitrary amount of cents, not by chart logic
[10:18] {lumdus} right .. but don't blame this on the trailing stop. this was a mental crack.
[10:18] {dptl} out ntap+.20 ty
[10:18] {Threei} welcome dp
[10:18] {esemde} out NTAP .72
[10:18] {Threei} yes lum, I realize that
[10:18] {esemde} be back in a while ...have to take vehicle to garage
[10:18] {esemde} seee ya in a bit
[10:18] {Threei} take care ese
[10:19] {Threei} one concern here lum:
[10:19] {Threei} was it accidental mental crack,
[10:19] {Threei} or was it approach that those autotrailing stops instill in your thinking?
[10:19] {Threei} give it a thought when you have time :)
[10:20] {Threei} and keep in mind, thinking causes headache...
[10:20] {Threei} in me at least
[10:20] {Threei} NTAP hit 1:1 nicely guys
[10:20] {Threei} hard to tell whether it has potential for more
[10:21] {Threei} even if you believe so, play it safe and take half
[10:21] {magoo} waiting .77
[10:21] {magoo} may be high
[10:21] {Threei} closest support right now is .64
[10:22] {curtisweese} NVDA buy at 22.38 or so?
[10:22] {Threei} if it can't take .73 and loses .64, holding full position would be questionable trade management
[10:22] {bruce} rimm looks headed for a break
[10:22] {bruce} of previous days high
[10:23] {Threei} curtis, tough read... not sure
[10:24] {curtisweese} heheh...dropping now.....not gonna get there anyway
[10:24] {magoo} still just scalpers mkt
[10:25] {Threei} look at volume last 20-30 minutes
[10:25] {Threei} all but disappeared
[10:27] {curtisweese} In on NVDA at 22.38
[10:28] {magoo} would u remind me that i hate IDMI next time u put it up
[10:28] {Threei} certainly
[10:28] {Threei} if I ever get to call it, it's going to be in the following format:
[10:28] {Threei} IDMI blah blah blah, magoo stay away
[10:29] {Threei} don't torture yourself, you are 3 cents down here, take your lumps and go if it takes too much of your attention
[10:29] {curtisweese} out NVDA +$.10
[10:30] {magoo} OUT .77
[10:30] {Threei} wtg
[10:30] {magoo} TY
[10:30] {magoo} more my type
[10:30] {Threei} I manage this trade differently but hey
[10:30] {Threei} there is more than 1 way to skin a stock
[10:30] {lumdus} in bby 44.73
[10:31] {Threei} my approach is, half out at 1:1, that was .72 for me,
[10:31] {Threei} stop to b/e,
[10:31] {Threei} now that it made new high, stop to .55
[10:32] {Threei} which is just below the support it formed by last pullback
[10:32] {Threei} will report what I do as (and if) it moves if you are interested
[10:39] {magoo} isn't there a new independent NTAPO trade setting up here? looks like 23 magnate
[10:39] {Threei} stop to .59
[10:40] {Threei} sure... just risk is higher
[10:41] {Threei} next spike will take NTAP into 1:2 where I intend to dump 1/4 more
[10:41] {curtisweese} looking at NVDA again if breaks 22.50 ....so .52 or so for me
[10:41] {Threei} and trail stop to .65
[10:44] {dino} fre s .70, stop hod
[10:45] {lumdus} vad, bby 45.59 stop ok ?
[10:45] {Threei} yes sir
[10:45] {lumdus} ok. thanks. i hate watching teva just go without me. kill me
[10:46] {Threei} out 1/4 more NTAP
[10:46] {magoo} see what i meant by magnate?
[10:46] {Threei} .95
[10:46] {Threei} by magnet I guess? :) yes
[10:46] {magoo} lol
[10:47] {Threei} stop to .73
[10:47] {Threei} move is quite significant, time to start tightenting it
[10:48] {bruce} zinc vad - any reade?
[10:48] {Threei} .79 is reasonable stop too here
[10:49] {curtisweese} in on NVDA at 22.51
[10:49] {Threei} a bit too thin bruce
[10:49] {bruce} k vad
[10:49] {Threei} rug pull on this one would cost a lot of slippage
[10:50] {dino} fre stopp .00, -.30
[10:50] {Threei} market looks like preparing to explode to the upside once again, so I am tightening NTAP to .79
[10:50] {Threei} logic is,
[10:50] {magoo} i like NTAP for a short scalp soon
[10:51] {Threei} if market does move up sharply, NTASP better go with it or I don't want to be in anymore,
[10:51] {Threei} and if market fails, NTAP is not likely to hold up there, moved a lot as it is
[10:52] {magoo} also, if mkt starts to fail, RIMM and NVDA short potential
[10:53] {dino} aapl sm l .90
[10:57] {lumdus} stop on bby 44.85
[10:57] {Threei} good trail lum
[10:58] {Threei} NTAP almost 1:3
[10:58] {Threei} out last portion
[10:58] {lumdus} tx vad
[10:58] {Threei} at .09
[10:58] {Threei} happy with the trade, +.21, +.44 and + .58
[10:59] {Threei} unless my math is wrong
[11:00] {lumdus} selling bby 45.08
[11:00] {lumdus} bby + .35
[11:00] {Threei} good trade lum, wtg
[11:00] {lumdus} tx
[11:01] {Threei} managed it just right
[11:01] {tomg} ty ntap vad, out 23.07
[11:01] {Threei} lol... tom comes back with thunder
[11:01] {tomg} :)
[11:01] {Threei} you know it's very rude of you to make such prfoit on your first day after long vacation?
[11:02] {magoo} vad, whats the symbol for NDX?
[11:02] {Threei} and you know what magoo does to people who act like this?
[11:02] {tomg} uh, oh...
[11:02] {Threei} $NDX mags
[11:03] {magoo} ty
[11:04] {dino} aapl stopped -.35
[11:07] {magoo} RIMM Short setup vad?
[11:08] {Threei} hmm
[11:09] {Threei} rather bounce if market doesn't dive
[11:09] {dino} teso s .05 stop .36
[11:10] {Threei} first strength from here, RIMM
[11:11] {Threei} in
[11:11] {Threei} stop .29
[11:12] {Threei} market is still unclear but risk is small
[11:12] {Threei} stopped
[11:12] {bruce} stopped rimm
[11:13] {magoo} i was thinking short way back on loss of 110
[11:13] {Threei} sideline for now, gotta let NQ decide on direction
[11:14] {Threei} 110 was behind at the time of the question...
[11:14] {magoo} was still thinking it
[11:14] {magoo} lol
[11:14] {Threei} just shows you how tough it is to comment in time on fast movers
[11:14] {magoo} true that
[11:15] {magoo} long RIMM now
[11:15] {magoo} in .37
[11:18] {Threei} wow TTWO
[11:18] {Threei} I don't see fresh news
[11:18] {magoo} on CNBC'
[11:18] {Threei} ah
[11:18] {dino} takeover offer at 25
[11:18] {bruce} erts offered to buy it out
[11:18] {Threei} 26 I think
[11:19] {magoo} stopped RIMM
[11:19] {esemde} I'm back.......TTWO I'll say......what was the news
[11:19] {dino} massive short squeeze, something like 40%
[11:19] {Threei} 02/24/08 03:26pm [TTWO] ERTS reveals a hostile $26.00/shr cash offer for TTWO in a $2B deal; TTWO has rejected the offer until at least the 4/30
[11:29] {bruce} out sigm +.41
[11:29] {Threei} wtg
[11:30] {dptl} glbl?
[11:30] {lumdus} nice bruce
[11:30] {bruce} thanx lum
[11:30] {bruce} lucky
[11:30] {bruce} thanx vad
[11:31] {Threei} GLBL chart is right... I am just hesitant about taking position here, market is very indecisive
[11:31] {dptl} ok
[11:35] {dino} teso stopped -.30
[11:40] {Threei} AAPL short with stop above .30
[11:40] {Threei} hard to nail exact entry
[11:41] {Threei} kind of "see if you can read it"
[11:41] {Threei} down quickly... don't chase that far
[11:41] {Threei} see if can get a bounce or new consolidation
[11:45] {bruce} stopped aapl
[11:50] {Threei} NTAP exit was just right so far
[11:50] {Threei} 4 cents under day high
[11:50] {Threei} keeping an eye on it still, maybe forms something
[11:51] {Threei} short off 23 resistance is one idea
[11:57] {Threei} ANY ABK DEAL WOULD LIKELY BE EARLY NEXT WEEK
[11:57] {Threei} reminder, ABK rumor was what started huge rally on Fri
[11:59] {magoo} are u short aapl?
[11:59] {Threei} I am flat
[11:59] {bruce} watching trma for weakness dino
[12:00] {Chaeron} I'm bald and fat
[12:05] {bruce} not me chaeron
[12:05] {bruce} just old and ugly
[12:06] {magoo} drunk and stupid here
[12:06] {Threei} aren't we attractive bunch
[12:06] {bruce} any read zolt vad?
[12:06] {Threei} ugh
[12:07] {Threei} twice I looked at it, twice kept myself from it, and twice was wrong
[12:07] {Threei} at 24, then at 24.5
[12:07] {Threei} I would really prefer a pullback on it rather than break
[12:08] {bruce} k
[12:14] {Threei} and what do you know... third break and no sign of pullback
[12:16] {Threei} now there is some
[12:16] {Threei} 25 is nearest support
[12:16] {Threei} if losing it, .75 next
[12:16] {bruce} I'm thinking possible short vad
[12:17] {Threei} considering weakening market, valid
[12:18] {Threei} it's just that again, I wouldn't want to chase it down
[12:18] {Threei} this drop we are seeing came with no indication of entry
[12:18] {bruce} agreed - wold like it to form second lower top
[12:18] {Threei} yes, or consolidation and breakdown
[12:29] {bruce} erts long on .30 break vad?
[12:30] {Threei} with .15 stop
[12:30] {Threei} most likely scalp only
[12:31] {Threei} it has downtrending look still, need more confirmation of reversal
[12:31] {Threei} .16 is actually still short trigger if stayys under .30
[12:35] {dino} grmn l sm .20
[12:37] * Threei slaps Laserdave1 around a bit with a large trout
[12:37] * Chaeron slaps Laserdave1 around a bit with a large trout
[12:37] * magoo slaps Laserdave1 around a bit with a large trout
[12:37] {Threei} we are obviously very welcoming bunch too
[12:38] {Laserdave1} nice to see you guys as well
[12:38] {Laserdave1} hope weekend was good
[12:39] {Threei} ZOLT forms that double top bruce
[12:39] {Threei} 25 breakdown becomes short trigger if stays under first high
[12:40] {bruce} yep - just noticed that vad
[12:40] {Threei} actual stop will be defined by the high if this bounce
[12:40] {Threei} so far it's .25
[12:41] {bruce} prefer to see .22 hold for this top
[12:41] {bruce} got you - already hit .25
[12:45] {Threei} I don't like how ERTS sits here
[12:45] {Threei} if this NQ upward spike doesn't move it soon, it's still a short
[12:46] {bruce} s zolt .14 - stop .30
[12:47] {Threei} market spikes
[12:47] {Threei} if ZOLT can't use this spike, will be a good short
[12:51] {bruce} yes - enterd too early
[12:51] {Threei} not necessary
[12:51] {Threei} a bit aggressive but who said it's bad thing
[12:52] {bruce} market spiked right after entry
[12:52] {dino} spwr l sm .20
[12:52] {magoo} any rerad RIMM vad?like it long
[12:53] {Threei} sorry mags, no read
[12:53] {magoo} aapl?
[12:53] {Threei} 108 break was more or less decent trigger on RIMM
[12:53] {Threei} here, no
[12:53] {Threei} AAPL chart is even less readable
[12:54] {Chaeron} so nap time?
[12:54] {Threei} ERTS is trying
[12:55] {Threei} 1:1's reached
[12:58] {Threei} moves a bit higher but I preferto take scalp
[13:02] {bruce} stopped zolt -.16
[13:05] {bruce} vad - rimm as possible long near here?
[13:06] {Threei} with stop under .50
[13:06] {Threei} it's very much NQ-dependent
[13:06] {Threei} market will make or break this trade
[13:06] {esemde} Vad ddc please
[13:07] {bruce} missed it - was thinking .80break and notgoing to chase
[13:08] {magoo} l rimm .86
[13:11] {esemde} I'm otta here everyone....have a great rest of the day
[13:11] {magoo} bye ES
[13:11] {esemde} see ya magoo
[13:12] {Threei} take care ese
[13:12] {bruce} l rimm .75
[13:15] {Threei} market is swamp right now
[13:17] {bruce} stopped rimm -.26
[13:17] {magoo} stopped rimm{again}
[13:18] {Threei} don't push it guys... sideline time
[13:18] {Threei} 5 points range
[13:21] {Threei} if a 50/50 trade with 6 cents stop is to your liking, short NVDA with .21 stop
[13:22] {Threei} downticked fast from .15 which I had in mind
[13:29] {bruce} rimm bounce at 108 vad?
[13:30] {Threei} can't tell bruce... market breaks down more so does RIMM
[13:30] {bruce} k
[13:31] {Threei} NVDA worked for a little scalp
[13:35] {Threei} pains me to say but... GRMN is short if losing .60
[13:35] {Threei} half lot .58 trigger
[13:36] {dino} grmn stopped
[13:36] {Threei} stop .75
[13:38] {magoo} target GRMN?
[13:39] {Threei} stop to .71, the rest is in NQ hands
[13:39] {Threei} not clear if it's breakdown for NQ or bounce off double bottom
[13:39] {Threei} feels like breakdown is more likely
[13:41] {Threei} NQ says yeah right
[13:43] {Threei} 1:1
[13:44] {Threei} I am out, can't get a read
[13:45] {Threei} RIMM bounce is not very impressive
[13:45] {Threei} looking to short .50 if market reverses down
[13:46] {magoo} grmn not with naz vad
[13:46] {magoo} weaker
[13:46] {Threei} nope, lost connection
[13:47] {Threei} RIMM is a bit too far from .50 support now for comfortable shorting on breakdown
[13:48] {Threei} if NQ drops, aggressive entry will be better idea
[13:48] {Threei} 108 is nearest resistance for stop/invalidating level
[13:48] {Threei} you still holding GRMN mags?
[13:49] {magoo} noi
[13:49] {magoo} out w/u
[13:49] {Threei} OK
[13:53] {Threei} psycho market again
[13:53] {Threei} another talking head on CNBC said something or what
[13:55] {dino} cat sm l .15
[13:55] {dino} oih rocking, brings market up
[13:56] {Threei} where are good old times of common sense when oil oing higher meant market going lower asnd visa versa
[13:56] {dino} long gone
[13:56] {Threei} sigh
[13:57] {bruce} tough trading for me lately - lots of stops
[13:57] {bruce} taking doggy walk break
[13:58] {dino} same here bruce
[13:58] {lumdus} in wye 42.20
[13:59] {Threei} NVDA long for a scalp here
[13:59] {Threei} with stop under 22
[14:01] {lumdus} bruce, better days ahead ..
[14:08] {Threei} NQ spike would be what is least expected here
[14:08] {Threei} considering market's unique ability to do the most unexpected things lately...
[14:08] {Threei} let's see if it does just that
[14:09] {lumdus} all you need to do, is put on the crazy hat and you make good in this market.
[14:09] {Threei} almost 3 points in single breath
[14:11] {Threei} how about that?
[14:11] {lumdus} out wye -.13
[14:11] {magoo} nbvda hasn't bujged
[14:12] {Threei} it will
[14:12] {Threei} unless it won't
[14:12] {lumdus} rimm about to fall
[14:13] * Threei kicks NQ in the rear with heavy duty army boots, steeltoes, reinforced et all
[14:14] {Threei} violence works
[14:14] {magoo} nicer kick
[14:14] {Threei} look at that
[14:15] {Threei} [14:09] {lumdus} all you need to do, is put on the crazy hat and you make good in this market.
[14:15] {Threei} exactly what I did, and look how flawlessly it worked
[14:17] {lumdus} yup, that's the way it works these day.
[14:17] {lumdus} i think we break .20 and move 1 big huge spike
[14:23] {Threei} NVDA stop to .04
[14:23] {magoo} target NVDA exit?
[14:23] {Threei} won't me to sounds honest or analyutical?
[14:23] {Threei} won't = want
[14:24] {magoo} not looking to good
[14:24] {Threei} honest version: I've no idea
[14:24] {Threei} you see how this market is
[14:25] {Threei} any questions?
[14:25] {Threei} craziness multuplied by craziness
[14:25] {magoo} compounded by insanity
[14:25] {Threei} S&P AAA FINANICAL STRENGHT RATING TAKEN OFF WATCH; AFFIRMS ABK RATING
[14:26] {Threei} I am out
[14:26] {Chaeron} nice
[14:26] {Threei} .28
[14:26] {Chaeron} what timeing :)
[14:26] {Chaeron} timing too
[14:26] {magoo} out here .34 TY boss
[14:27] {Threei} "If I were market, what should I do to hurt as many players as possible"
[14:27] {Threei} welcome guys
[14:27] {dino} out cat .60, +.45
[14:28] {lumdus} out .33 tx boss
[14:29] {magoo} isn't scenerio too much like friday?
[14:29] {Threei} yes mags, with one difference
[14:29] {lumdus} wye taking a run with everything else
[14:29] {Threei} fridfay was cnbc talking head discussing rumor
[14:30] {Threei} this news is actual news, FWIW
[14:30] {Threei} [14:08] {Threei} NQ spike would be what is least expected here
[14:30] {Threei} [14:08] {Threei} considering market's unique ability to do the most unexpected things lately...
[14:30] {Threei} [14:08] {Threei} let's see if it does just that
[14:30] {Threei} can I go home?
[14:30] {Chaeron} you are home
[14:31] {lumdus} no, you get punhished badly. we should have stayed in for another .50 at least.
[14:31] {Threei} look at MBI and ABK
[14:31] {Chaeron} sitting there in your pj's and fuzzy bearclaw slippers
[14:31] {Threei} where is that camera chaeron secretly installed in my office...
[14:34] {lumdus} wow - what a trun that was for nvda. hmm, mabye no punishmed for vead
[14:36] {dino} sell the rips, s sm petd .47
[14:36] {lumdus} in twm 80.65
[14:36] {Threei} I can't overstress my distrust for this market enough lum...
[14:36] {Threei} I got 1:2 on a stock that sat and tortured me for 10 min, I won't take any chances
[14:36] {lumdus} out .95
[14:36] {Threei} expecially when it happens on such sharp spike
[14:36] {lumdus} +.30
[14:36] {Threei} gj
[14:37] {lumdus} tough to get thos. that's what i like quick and easy
[14:39] {lumdus} rimm looks like bounce comming
[14:40] {bruce} back
[14:40] {Threei} oh boy
[14:40] {Threei} bruce... your timing... :(
[14:40] {bruce} ezpect you folks probalby just had about 8 winning trades in row
[14:41] {Threei} one but sheesh... you left 1 minute before it was called and returned just when it was over
[14:41] {bruce} sheesh
[14:41] {bruce} no surprise though
[14:41] {Threei} this is freaky
[14:41] {Threei} scroll up...
[14:43] {dino} cov petd .07 +.40
[14:43] {bruce} sigh
[14:43] {lumdus} bruce, maybe leave for another few minutes and we make some $$ then you come back :)
[14:44] {lumdus} ok, if i was a jerk, i would buy rimm now... so -
[14:45] {dino} what a whip
[14:45] {lumdus} long rimm 107.22
[14:45] {lumdus} stop 107.07
[14:45] {bruce} sorry lum - just not that considerate
[14:45] {lumdus} stop on rimm 107.24 b/e
[14:46] {lumdus} vad, should i keep stop at .10 ?
[14:46] {lumdus} i guess, so ..
[14:47] {Threei} I don't have any read here lum, sorry
[14:48] {lumdus} that's why i went long. because i don't have a read ..
[14:48] {Threei} this is chart drawn by the pen tied up to the tail of drunken mule that is getting needled with sharp knife
[14:49] {lumdus} i need to step a way a second.. watch it for me.
[14:53] {Chaeron} }:
[14:53] {lumdus} ok, i am back..
[14:53] {lumdus} missed the damm spike
[14:54] {lumdus} out rimm .48 + .26
[14:55] {lumdus} days like today are my best. because i just act like a jerk
[14:57] {bruce} I'm going to resist replying to that lum
[14:58] {lumdus} i don't see any other way to play this market. so far it's worked. looking for next target
[14:58] {Threei} COIN rallied
[14:59] {dino} luck lum. use it while it lasts
[15:00] {lumdus} short sds 61.85 stop 62.03
[15:00] {dino} out spwr .80, +.60
[15:00] {lumdus} dino, exactly. while it lasts.
[15:01] {lumdus} sds die hard now. !!
[15:01] {dino} no disrespect, luck plays a part imo
[15:02] {dino} back in 10
[15:02] {lumdus} out sds .62
[15:03] {lumdus} +.23
[15:04] {bruce} zolt may be worth another try short here
[15:06] {Threei} COIN .20 is very risky long
[15:06] {lumdus} watching mdt for long
[15:10] {dino} thinking the same bruce
[15:10] {lumdus} in mdt long 49.48
[15:10] {dino} i can't get it
[15:12] {lumdus} stop on mdt 49.39
[15:12] {lumdus} dino, what can't you get ?
[15:12] {dino} fcsx
[15:13] {dino} zolt i couldn't get
[15:13] {lumdus} why can't you get it .. ?
[15:14] {dino} no shares at stsmartpro
[15:14] {magoo} u short ZOLT bruce?
[15:14] {lumdus} out mdt -.10 .. luck ran out
[15:20] {lumdus} schw about to run ?
[15:20] {lumdus} looks like some momo there. .. let me think about this
[15:21] {lumdus} in .52
[15:21] {Threei} ABK new wave of strength
[15:21] {Threei} .35 long if stays above .15
[15:21] {Threei} half lot
[15:22] {Chaeron} shucks
[15:23] {dino} fcsx s .91
[15:24] {Threei} .50 break needed to fuel another spike
[15:25] {lumdus} schw needs to beat abk .. let's go
[15:25] {Threei} 1:1
[15:27] {Threei} +.30
[15:27] {Threei} me out
[15:27] {Threei} maybe goes higher, I care not
[15:27] {Chaeron} beauty
[15:27] {magoo} me too .73 TY
[15:27] {Threei} umm... +.40
[15:27] {Threei} welcome
[15:27] {lumdus} gosh abk was 6.00 last month. how th heck did it go all the way here.
[15:28] {bruce} not in zolt mags - still aqtching it
[15:28] {Threei} hey, it was 70 just in Novemeber... you don't ask how the heck did it get to 6?? :)
[15:29] {Chaeron} naaaaa he was short
[15:29] {Threei} ahhh
[15:31] {Threei} IMF"S STRAUSS-KAHN: EXPECTS 'SLIGHT DECREASE" IN OIL PRICE, TO AVERAGE UNDER $100/BBL IN 2008, SEES DOWNSIDE RISK TO IMF'S 4.1% WORLD GROWTH FORECAST MAINLY DUE TO NEW SUBPRIME LOSSES
- Notes if there are no new subprime disclosures, may be 'good surprise' on 2008 growth
[15:31] {Threei} - Says no decoupling of emerging markets
[15:32] {Threei} FED'S MISHKIN: MODEL SHOWS BETTER TO RESPOND TO CORE INFLATION; INFLATION ABOVE RECENT YEARS WOULD BE HARMFUL- big rate hikes are not needed to halt inflation after supply shock if expectations are anchored
[15:34] {Threei} EBAY
[15:34] {Threei} UPDATE: JP MORGAN MAKES POSITIVE COMMENTS THIS AFTERNOON- says Q1 listings tracking at +11% y/y
[15:34] {Threei} 28 break maybe
[15:35] {Threei} in
[15:35] {Threei} ridiculously tight stop
[15:35] {lumdus} ebay .. that's dating yourself there.
[15:35] {Threei} .93
[15:35] {lumdus} schw working like a charpm
[15:36] {lumdus} out schw .62 + .10
[15:37] {lumdus} have a nice evenning. very good day. hopefully back on track
[15:37] {Threei} COIN
[15:37] {Threei} takle care lum, good job
[15:39] {bruce} bye lum
[15:39] {dino} gj lum
[15:40] {Threei} EBAY 1:1 for hard core scalpers
[15:41] {patience} nice call for the market today dino and ese
[15:45] {dino} mini s .84 stop .06
[15:47] {dino} too bad i didn't trade it better, the mornings are hurting me
[15:50] {bruce} the trading days are hurting me dino
[15:52] {tomg} vad, i've still got small shares INSU
[15:53] {tomg} ok to hold overnight, you think?
[15:53] {Threei} hmmm
[15:53] {Threei} no idea tom
[15:53] {Threei} overnight is overnight
[15:53] {tomg} ok, ty
[15:54] {Threei} chart looks good
[15:55] {Threei} how much you can trust charts in this supervolatile market is a whole other matter
[15:55] {Threei} although INSU doesn't seem to have much to do with market \
[15:55] {tomg} just have 100sh
[15:55] {Threei} then just hold it and see what happens
[15:56] {Threei} you are long from where?
[15:56] {dino} cov mini .54, +.30
[15:56] {tomg} 15.08
[15:56] {Threei} solid buffer
[15:57] {tomg} think I'll hold it then
[15:57] {Threei} I would
[15:57] {tomg} ok, thanks
[15:57] {Threei} big position with potential to hurt, no
[15:57] {Threei} 100 shares is sleeping level :)
[15:57] {tomg} yep :)
[15:57] {Threei} Ok guys, thank you all
[15:58] {Threei} good day actually
[15:58] {Threei} have a great evening, see you tomorrow
[15:59] {dptl} have a good evening all
[15:59] {dino} fcsx stopped .00 -.09
[16:10] {bruce} night all
[08:36] {magoo} morning
[08:37] {Threei} Good morning RT
[08:37] {Threei} or whatever part of it managed to wake up
[08:38] {magoo} vd : )
[08:38] {magoo} so friday was bullmkt {at least in eod}
[08:38] {magoo} bear today boss?
[08:38] {Threei} you know what caused Fri explosion right?
[08:40] {magoo} do not remember
[08:41] {Threei} one person, coming on TV and speculating about bond insurers bailout
[08:41] {Threei} and that was what sent markets flying
[08:41] {Threei} believe it or not
[08:41] {Threei} sooo... today someone comes on TV and says no way - imagine what happens hnext
[08:41] {Threei} or rumor comes true
[08:42] {Threei} or some third turn of events comes along
[08:42] {Threei} thus... I am putting my crystal ball back in the sandal box, and just going with immediate developments
[08:44] {cosmo} MRVL (Barrons likes it) pre mkt high = 11.60 so far
[08:45] {magoo} gotcha..this mkt has no committment to either direction
[08:45] {magoo} unless its one committment is to reverse
[08:45] {Threei} and it's bound to change any minute
[08:45] {magoo} seems its been reversing everyday
[08:46] {Threei} I can't imagine what investors are going through when even we daytraders get overwhelmed sometimes by how quickly things change these days
[08:48] {cosmo} its the climate i think
[08:49] {Threei} and its change?
[08:49] {Threei} TASR
[08:49] {Threei} RECEIVES TWO SIGNIFICANT LAW ENFORCEMENT ORDERS
- The first order received was from the San Diego County Sheriff's Department in San Diego, CA, for 291 TASER X26 Electronic Control Devices (ECDs).
[08:49] {Threei} - The second order received was from the Sacramento County Sheriff's Department in Sacramento, CA, for 180 TASER X26 ECDs and related accessories.
[08:49] {Threei} FORMER FED CHAIRMAN GREENSPAN: RECESSION WILL NOT BE SIGNIFICANTLY LONGER THAN THE LAST
- Would not be surprised if this recession is deeper
[08:49] {Threei} - Finance problems marginally affected the economy
[08:49] {Threei} - House prices to continue to fall
[08:50] {Threei} US WEIGHS SANCTIONS ON IRAN'S CENTRAL BANK - WSJ- The Treasury Department is gathering evidence it says shows that the central bank of Iran is helping other Iranian institutions elude US economic sanctions, in what could be a prelude to penalties against the central bank.
[08:54] {cosmo} HOKU gets $25M private placement ...fwiw
[08:55] {cosmo} pre mkt high = 10
[08:58] {dino} gm all
[08:58] {Threei} dino :)
[09:03] {esemde} morning rt's
[09:04] {Threei} ese :)
[09:08] {esemde} Genentech DNA....another cancer cure...breast cancer
[09:09] {Threei} news on Fri after close
[09:09] {cosmo} mrvl 11.50 may test
[09:09] {Threei} two upgrades this morning
[09:11] {cosmo} MRVL needs to hold 11.35 imho
[09:11] {dino} gtxi
[09:13] {dino} ggg nyt to sell
[09:17] {dptl} good morning all
[09:17] {Threei} dp :)
[09:17] {tomg} gm all
[09:19] {Threei} tom, welcome back
[09:19] {tomg} ty vad
[09:21] {magoo} morn tomg
[09:21] {tomg} hi magoo
[09:26] {lumdus} good morning all. Hoping for an easy profitable week.
[09:26] {Threei} lum :)
[09:27] {Threei} here is to easy money
[09:29] {esemde} GTXI prostrate cancer drug
[09:29] {esemde} hmmmmm
[09:32] {_leo1} HI
[09:32] {Threei} leo :)
[09:32] {magoo} morn leo:)
[09:32] {_leo1} hi
[09:36] {Threei} IDMI .51 long
[09:36] {Threei} stop under .40
[09:39] {Threei} NTAP 22.50 long for a scalp if stays above .35
[09:40] {magoo} big naz fall
[09:41] {Threei} NVDA .83 short if stays under 22
[09:43] {magoo} in nvda
[09:43] {Threei} .95 stop for hard core scalpers
[09:43] {Threei} 22.01 otherwise
[09:44] {lumdus} teva look also good
[09:46] {magoo} naz killed it
[09:47] {esemde} bstop NTAP 22.50 1/2 lot
[09:47] {esemde} has to stay above .28
[09:47] {Threei} FED'S KROSZNER: DOES NOT ADDRESS MONETARY POLICY, US ECONOMIC OUTLOOK
[09:48] {Threei} why is he speaking at all then?
[09:48] {lumdus} in teva 49.19
[09:48] {Threei} NVDA stopped
[09:48] {lumdus} long teva 49.19 stop 49.09
[09:48] {esemde} these guys are the goofiest fed ......everybody speaking out of turn...off-handed comments....
[09:51] {lumdus} stop on teva 49.14 (crazy market so far)
[09:51] {bruce} ntap still valid?
[09:51] {magoo} NTAP valid?
[09:51] {bruce} dropped to .30
[09:51] {bruce} youmy echo mags?
[09:51] {Threei} if you don't mind stop under .30, yes
[09:52] {magoo} only mind if it hits it vad
[09:52] {bruce} I echo mags
[09:52] {Threei} volatile one: DPTR
[09:52] {Threei} small shares long .20-.25
[09:52] {Threei} support is 22.90
[09:52] {magoo} DPTR trade like IDMI vad?
[09:53] {magoo} running
[09:56] {Threei} market is kind of waiting for something
[09:57] {cosmo} obl?
[09:57] {cosmo} ...nah
[10:00] {Threei} *JAN EXISTING HOME SALES: 4.89M V 4.80ME
[10:00] {bruce} lcav spike dino
[10:01] {dino} too fast
[10:01] {esemde} L ong .51NTAP
[10:02] {bruce} vrtx - any read vad?
[10:02] {magoo} IDMI gonna fall with mkt vad?
[10:02] {Threei} worth try long bruce if stays above .20
[10:02] {Chaeron} gm all :)
[10:03] {Threei} chaeron :)
[10:03] {Threei} IDMI trades in its own world mags
[10:03] {Threei} and it's a wierd world
[10:03] {lumdus} teva running nicely
[10:04] {Threei} i am keeping NTAP stop at .39
[10:05] {cosmo} mrvl
[10:05] {cosmo} 11.6
[10:07] {dino} sm spwr l .80
[10:07] {Threei} stay patient guys, market is slow to wake up
[10:08] {Threei} (can't blame it, really)
[10:08] {Threei} but something is brewing
[10:08] {lumdus} you wish you could sleep late .. huh
[10:08] {Threei} always
[10:09] {Threei} I don't know what, but this feels like calm before the storm
[10:10] {dino} out spwr 69.86 +1.06
[10:10] {Threei} INSU
[10:11] {Threei} 15 break long half lot
[10:11] {Threei} stop under 14.80
[10:11] {esemde} have been getting that market feeling since about last wed or thurs Vad...
[10:11] {esemde} question is....is it storm up or storm down
[10:11] {magoo} no way to catch 15
[10:11] {Threei} that's a good question
[10:12] {dino} same feeling 3i, somethings' about to give big time
[10:12] {Threei} so let's make bets?
[10:12] {Threei} up or down?
[10:12] {patience} big time down
[10:12] {lumdus} vad, when you get a chance. Can you look at my teva trade. Did i screw up ?
[10:12] {esemde} i feel for some reason it's going to head up.....it just has not been selling down hard like it did in mid january
[10:13] {dino} i'm going contrary, everybody wants down, so i'll take up
[10:13] {esemde} i'm with you dino
[10:14] {Threei} lum, I see your entry
[10:14] {dino} great monds think alike, :)
[10:14] {Threei} what happened next?
[10:14] {dino} minds
[10:14] {magoo} well, i thought up
[10:14] {magoo} so everybody is thinking up
[10:14] {lumdus} i put a stop on 49.17 and triggered vad
[10:14] {Threei} way too tight, IMO
[10:15] {Threei} my trailing would be:
[10:15] {lumdus} ......
[10:15] {lumdus} 49.07 ?
[10:15] {Threei} .09 after it broke .20,
[10:15] {Threei} .15 after it broke .30
[10:15] {lumdus} ok. in short i screwed up. thank you.
[10:15] {lumdus} at now would be .26
[10:16] {Threei} right
[10:16] {Threei} remember our Fri discussion on trailing stops?
[10:16] {Threei} this is good illustration, trail them as chart dictates
[10:16] {Threei} meaning:
[10:16] {Threei} stock formed new range as it moves in your favor,
[10:16] {Threei} broke resistance of that range,
[10:16] {lumdus} vad, this wasn't trailing stop. this was a manual hard stop i put in.
[10:17] {Threei} now you can move stop under support of that reange
[10:17] {Threei} I under stand, but yoyu trailed it the same way
[10:17] {Threei} by arbitrary amount of cents, not by chart logic
[10:18] {lumdus} right .. but don't blame this on the trailing stop. this was a mental crack.
[10:18] {dptl} out ntap+.20 ty
[10:18] {Threei} welcome dp
[10:18] {esemde} out NTAP .72
[10:18] {Threei} yes lum, I realize that
[10:18] {esemde} be back in a while ...have to take vehicle to garage
[10:18] {esemde} seee ya in a bit
[10:18] {Threei} take care ese
[10:19] {Threei} one concern here lum:
[10:19] {Threei} was it accidental mental crack,
[10:19] {Threei} or was it approach that those autotrailing stops instill in your thinking?
[10:19] {Threei} give it a thought when you have time :)
[10:20] {Threei} and keep in mind, thinking causes headache...
[10:20] {Threei} in me at least
[10:20] {Threei} NTAP hit 1:1 nicely guys
[10:20] {Threei} hard to tell whether it has potential for more
[10:21] {Threei} even if you believe so, play it safe and take half
[10:21] {magoo} waiting .77
[10:21] {magoo} may be high
[10:21] {Threei} closest support right now is .64
[10:22] {curtisweese} NVDA buy at 22.38 or so?
[10:22] {Threei} if it can't take .73 and loses .64, holding full position would be questionable trade management
[10:22] {bruce} rimm looks headed for a break
[10:22] {bruce} of previous days high
[10:23] {Threei} curtis, tough read... not sure
[10:24] {curtisweese} heheh...dropping now.....not gonna get there anyway
[10:24] {magoo} still just scalpers mkt
[10:25] {Threei} look at volume last 20-30 minutes
[10:25] {Threei} all but disappeared
[10:27] {curtisweese} In on NVDA at 22.38
[10:28] {magoo} would u remind me that i hate IDMI next time u put it up
[10:28] {Threei} certainly
[10:28] {Threei} if I ever get to call it, it's going to be in the following format:
[10:28] {Threei} IDMI blah blah blah, magoo stay away
[10:29] {Threei} don't torture yourself, you are 3 cents down here, take your lumps and go if it takes too much of your attention
[10:29] {curtisweese} out NVDA +$.10
[10:30] {magoo} OUT .77
[10:30] {Threei} wtg
[10:30] {magoo} TY
[10:30] {magoo} more my type
[10:30] {Threei} I manage this trade differently but hey
[10:30] {Threei} there is more than 1 way to skin a stock
[10:30] {lumdus} in bby 44.73
[10:31] {Threei} my approach is, half out at 1:1, that was .72 for me,
[10:31] {Threei} stop to b/e,
[10:31] {Threei} now that it made new high, stop to .55
[10:32] {Threei} which is just below the support it formed by last pullback
[10:32] {Threei} will report what I do as (and if) it moves if you are interested
[10:39] {magoo} isn't there a new independent NTAPO trade setting up here? looks like 23 magnate
[10:39] {Threei} stop to .59
[10:40] {Threei} sure... just risk is higher
[10:41] {Threei} next spike will take NTAP into 1:2 where I intend to dump 1/4 more
[10:41] {curtisweese} looking at NVDA again if breaks 22.50 ....so .52 or so for me
[10:41] {Threei} and trail stop to .65
[10:44] {dino} fre s .70, stop hod
[10:45] {lumdus} vad, bby 45.59 stop ok ?
[10:45] {Threei} yes sir
[10:45] {lumdus} ok. thanks. i hate watching teva just go without me. kill me
[10:46] {Threei} out 1/4 more NTAP
[10:46] {magoo} see what i meant by magnate?
[10:46] {Threei} .95
[10:46] {Threei} by magnet I guess? :) yes
[10:46] {magoo} lol
[10:47] {Threei} stop to .73
[10:47] {Threei} move is quite significant, time to start tightenting it
[10:48] {bruce} zinc vad - any reade?
[10:48] {Threei} .79 is reasonable stop too here
[10:49] {curtisweese} in on NVDA at 22.51
[10:49] {Threei} a bit too thin bruce
[10:49] {bruce} k vad
[10:49] {Threei} rug pull on this one would cost a lot of slippage
[10:50] {dino} fre stopp .00, -.30
[10:50] {Threei} market looks like preparing to explode to the upside once again, so I am tightening NTAP to .79
[10:50] {Threei} logic is,
[10:50] {magoo} i like NTAP for a short scalp soon
[10:51] {Threei} if market does move up sharply, NTASP better go with it or I don't want to be in anymore,
[10:51] {Threei} and if market fails, NTAP is not likely to hold up there, moved a lot as it is
[10:52] {magoo} also, if mkt starts to fail, RIMM and NVDA short potential
[10:53] {dino} aapl sm l .90
[10:57] {lumdus} stop on bby 44.85
[10:57] {Threei} good trail lum
[10:58] {Threei} NTAP almost 1:3
[10:58] {Threei} out last portion
[10:58] {lumdus} tx vad
[10:58] {Threei} at .09
[10:58] {Threei} happy with the trade, +.21, +.44 and + .58
[10:59] {Threei} unless my math is wrong
[11:00] {lumdus} selling bby 45.08
[11:00] {lumdus} bby + .35
[11:00] {Threei} good trade lum, wtg
[11:00] {lumdus} tx
[11:01] {Threei} managed it just right
[11:01] {tomg} ty ntap vad, out 23.07
[11:01] {Threei} lol... tom comes back with thunder
[11:01] {tomg} :)
[11:01] {Threei} you know it's very rude of you to make such prfoit on your first day after long vacation?
[11:02] {magoo} vad, whats the symbol for NDX?
[11:02] {Threei} and you know what magoo does to people who act like this?
[11:02] {tomg} uh, oh...
[11:02] {Threei} $NDX mags
[11:03] {magoo} ty
[11:04] {dino} aapl stopped -.35
[11:07] {magoo} RIMM Short setup vad?
[11:08] {Threei} hmm
[11:09] {Threei} rather bounce if market doesn't dive
[11:09] {dino} teso s .05 stop .36
[11:10] {Threei} first strength from here, RIMM
[11:11] {Threei} in
[11:11] {Threei} stop .29
[11:12] {Threei} market is still unclear but risk is small
[11:12] {Threei} stopped
[11:12] {bruce} stopped rimm
[11:13] {magoo} i was thinking short way back on loss of 110
[11:13] {Threei} sideline for now, gotta let NQ decide on direction
[11:14] {Threei} 110 was behind at the time of the question...
[11:14] {magoo} was still thinking it
[11:14] {magoo} lol
[11:14] {Threei} just shows you how tough it is to comment in time on fast movers
[11:14] {magoo} true that
[11:15] {magoo} long RIMM now
[11:15] {magoo} in .37
[11:18] {Threei} wow TTWO
[11:18] {Threei} I don't see fresh news
[11:18] {magoo} on CNBC'
[11:18] {Threei} ah
[11:18] {dino} takeover offer at 25
[11:18] {bruce} erts offered to buy it out
[11:18] {Threei} 26 I think
[11:19] {magoo} stopped RIMM
[11:19] {esemde} I'm back.......TTWO I'll say......what was the news
[11:19] {dino} massive short squeeze, something like 40%
[11:19] {Threei} 02/24/08 03:26pm [TTWO] ERTS reveals a hostile $26.00/shr cash offer for TTWO in a $2B deal; TTWO has rejected the offer until at least the 4/30
[11:29] {bruce} out sigm +.41
[11:29] {Threei} wtg
[11:30] {dptl} glbl?
[11:30] {lumdus} nice bruce
[11:30] {bruce} thanx lum
[11:30] {bruce} lucky
[11:30] {bruce} thanx vad
[11:31] {Threei} GLBL chart is right... I am just hesitant about taking position here, market is very indecisive
[11:31] {dptl} ok
[11:35] {dino} teso stopped -.30
[11:40] {Threei} AAPL short with stop above .30
[11:40] {Threei} hard to nail exact entry
[11:41] {Threei} kind of "see if you can read it"
[11:41] {Threei} down quickly... don't chase that far
[11:41] {Threei} see if can get a bounce or new consolidation
[11:45] {bruce} stopped aapl
[11:50] {Threei} NTAP exit was just right so far
[11:50] {Threei} 4 cents under day high
[11:50] {Threei} keeping an eye on it still, maybe forms something
[11:51] {Threei} short off 23 resistance is one idea
[11:57] {Threei} ANY ABK DEAL WOULD LIKELY BE EARLY NEXT WEEK
[11:57] {Threei} reminder, ABK rumor was what started huge rally on Fri
[11:59] {magoo} are u short aapl?
[11:59] {Threei} I am flat
[11:59] {bruce} watching trma for weakness dino
[12:00] {Chaeron} I'm bald and fat
[12:05] {bruce} not me chaeron
[12:05] {bruce} just old and ugly
[12:06] {magoo} drunk and stupid here
[12:06] {Threei} aren't we attractive bunch
[12:06] {bruce} any read zolt vad?
[12:06] {Threei} ugh
[12:07] {Threei} twice I looked at it, twice kept myself from it, and twice was wrong
[12:07] {Threei} at 24, then at 24.5
[12:07] {Threei} I would really prefer a pullback on it rather than break
[12:08] {bruce} k
[12:14] {Threei} and what do you know... third break and no sign of pullback
[12:16] {Threei} now there is some
[12:16] {Threei} 25 is nearest support
[12:16] {Threei} if losing it, .75 next
[12:16] {bruce} I'm thinking possible short vad
[12:17] {Threei} considering weakening market, valid
[12:18] {Threei} it's just that again, I wouldn't want to chase it down
[12:18] {Threei} this drop we are seeing came with no indication of entry
[12:18] {bruce} agreed - wold like it to form second lower top
[12:18] {Threei} yes, or consolidation and breakdown
[12:29] {bruce} erts long on .30 break vad?
[12:30] {Threei} with .15 stop
[12:30] {Threei} most likely scalp only
[12:31] {Threei} it has downtrending look still, need more confirmation of reversal
[12:31] {Threei} .16 is actually still short trigger if stayys under .30
[12:35] {dino} grmn l sm .20
[12:37] * Threei slaps Laserdave1 around a bit with a large trout
[12:37] * Chaeron slaps Laserdave1 around a bit with a large trout
[12:37] * magoo slaps Laserdave1 around a bit with a large trout
[12:37] {Threei} we are obviously very welcoming bunch too
[12:38] {Laserdave1} nice to see you guys as well
[12:38] {Laserdave1} hope weekend was good
[12:39] {Threei} ZOLT forms that double top bruce
[12:39] {Threei} 25 breakdown becomes short trigger if stays under first high
[12:40] {bruce} yep - just noticed that vad
[12:40] {Threei} actual stop will be defined by the high if this bounce
[12:40] {Threei} so far it's .25
[12:41] {bruce} prefer to see .22 hold for this top
[12:41] {bruce} got you - already hit .25
[12:45] {Threei} I don't like how ERTS sits here
[12:45] {Threei} if this NQ upward spike doesn't move it soon, it's still a short
[12:46] {bruce} s zolt .14 - stop .30
[12:47] {Threei} market spikes
[12:47] {Threei} if ZOLT can't use this spike, will be a good short
[12:51] {bruce} yes - enterd too early
[12:51] {Threei} not necessary
[12:51] {Threei} a bit aggressive but who said it's bad thing
[12:52] {bruce} market spiked right after entry
[12:52] {dino} spwr l sm .20
[12:52] {magoo} any rerad RIMM vad?like it long
[12:53] {Threei} sorry mags, no read
[12:53] {magoo} aapl?
[12:53] {Threei} 108 break was more or less decent trigger on RIMM
[12:53] {Threei} here, no
[12:53] {Threei} AAPL chart is even less readable
[12:54] {Chaeron} so nap time?
[12:54] {Threei} ERTS is trying
[12:55] {Threei} 1:1's reached
[12:58] {Threei} moves a bit higher but I preferto take scalp
[13:02] {bruce} stopped zolt -.16
[13:05] {bruce} vad - rimm as possible long near here?
[13:06] {Threei} with stop under .50
[13:06] {Threei} it's very much NQ-dependent
[13:06] {Threei} market will make or break this trade
[13:06] {esemde} Vad ddc please
[13:07] {bruce} missed it - was thinking .80break and notgoing to chase
[13:08] {magoo} l rimm .86
[13:11] {esemde} I'm otta here everyone....have a great rest of the day
[13:11] {magoo} bye ES
[13:11] {esemde} see ya magoo
[13:12] {Threei} take care ese
[13:12] {bruce} l rimm .75
[13:15] {Threei} market is swamp right now
[13:17] {bruce} stopped rimm -.26
[13:17] {magoo} stopped rimm{again}
[13:18] {Threei} don't push it guys... sideline time
[13:18] {Threei} 5 points range
[13:21] {Threei} if a 50/50 trade with 6 cents stop is to your liking, short NVDA with .21 stop
[13:22] {Threei} downticked fast from .15 which I had in mind
[13:29] {bruce} rimm bounce at 108 vad?
[13:30] {Threei} can't tell bruce... market breaks down more so does RIMM
[13:30] {bruce} k
[13:31] {Threei} NVDA worked for a little scalp
[13:35] {Threei} pains me to say but... GRMN is short if losing .60
[13:35] {Threei} half lot .58 trigger
[13:36] {dino} grmn stopped
[13:36] {Threei} stop .75
[13:38] {magoo} target GRMN?
[13:39] {Threei} stop to .71, the rest is in NQ hands
[13:39] {Threei} not clear if it's breakdown for NQ or bounce off double bottom
[13:39] {Threei} feels like breakdown is more likely
[13:41] {Threei} NQ says yeah right
[13:43] {Threei} 1:1
[13:44] {Threei} I am out, can't get a read
[13:45] {Threei} RIMM bounce is not very impressive
[13:45] {Threei} looking to short .50 if market reverses down
[13:46] {magoo} grmn not with naz vad
[13:46] {magoo} weaker
[13:46] {Threei} nope, lost connection
[13:47] {Threei} RIMM is a bit too far from .50 support now for comfortable shorting on breakdown
[13:48] {Threei} if NQ drops, aggressive entry will be better idea
[13:48] {Threei} 108 is nearest resistance for stop/invalidating level
[13:48] {Threei} you still holding GRMN mags?
[13:49] {magoo} noi
[13:49] {magoo} out w/u
[13:49] {Threei} OK
[13:53] {Threei} psycho market again
[13:53] {Threei} another talking head on CNBC said something or what
[13:55] {dino} cat sm l .15
[13:55] {dino} oih rocking, brings market up
[13:56] {Threei} where are good old times of common sense when oil oing higher meant market going lower asnd visa versa
[13:56] {dino} long gone
[13:56] {Threei} sigh
[13:57] {bruce} tough trading for me lately - lots of stops
[13:57] {bruce} taking doggy walk break
[13:58] {dino} same here bruce
[13:58] {lumdus} in wye 42.20
[13:59] {Threei} NVDA long for a scalp here
[13:59] {Threei} with stop under 22
[14:01] {lumdus} bruce, better days ahead ..
[14:08] {Threei} NQ spike would be what is least expected here
[14:08] {Threei} considering market's unique ability to do the most unexpected things lately...
[14:08] {Threei} let's see if it does just that
[14:09] {lumdus} all you need to do, is put on the crazy hat and you make good in this market.
[14:09] {Threei} almost 3 points in single breath
[14:11] {Threei} how about that?
[14:11] {lumdus} out wye -.13
[14:11] {magoo} nbvda hasn't bujged
[14:12] {Threei} it will
[14:12] {Threei} unless it won't
[14:12] {lumdus} rimm about to fall
[14:13] * Threei kicks NQ in the rear with heavy duty army boots, steeltoes, reinforced et all
[14:14] {Threei} violence works
[14:14] {magoo} nicer kick
[14:14] {Threei} look at that
[14:15] {Threei} [14:09] {lumdus} all you need to do, is put on the crazy hat and you make good in this market.
[14:15] {Threei} exactly what I did, and look how flawlessly it worked
[14:17] {lumdus} yup, that's the way it works these day.
[14:17] {lumdus} i think we break .20 and move 1 big huge spike
[14:23] {Threei} NVDA stop to .04
[14:23] {magoo} target NVDA exit?
[14:23] {Threei} won't me to sounds honest or analyutical?
[14:23] {Threei} won't = want
[14:24] {magoo} not looking to good
[14:24] {Threei} honest version: I've no idea
[14:24] {Threei} you see how this market is
[14:25] {Threei} any questions?
[14:25] {Threei} craziness multuplied by craziness
[14:25] {magoo} compounded by insanity
[14:25] {Threei} S&P AAA FINANICAL STRENGHT RATING TAKEN OFF WATCH; AFFIRMS ABK RATING
[14:26] {Threei} I am out
[14:26] {Chaeron} nice
[14:26] {Threei} .28
[14:26] {Chaeron} what timeing :)
[14:26] {Chaeron} timing too
[14:26] {magoo} out here .34 TY boss
[14:27] {Threei} "If I were market, what should I do to hurt as many players as possible"
[14:27] {Threei} welcome guys
[14:27] {dino} out cat .60, +.45
[14:28] {lumdus} out .33 tx boss
[14:29] {magoo} isn't scenerio too much like friday?
[14:29] {Threei} yes mags, with one difference
[14:29] {lumdus} wye taking a run with everything else
[14:29] {Threei} fridfay was cnbc talking head discussing rumor
[14:30] {Threei} this news is actual news, FWIW
[14:30] {Threei} [14:08] {Threei} NQ spike would be what is least expected here
[14:30] {Threei} [14:08] {Threei} considering market's unique ability to do the most unexpected things lately...
[14:30] {Threei} [14:08] {Threei} let's see if it does just that
[14:30] {Threei} can I go home?
[14:30] {Chaeron} you are home
[14:31] {lumdus} no, you get punhished badly. we should have stayed in for another .50 at least.
[14:31] {Threei} look at MBI and ABK
[14:31] {Chaeron} sitting there in your pj's and fuzzy bearclaw slippers
[14:31] {Threei} where is that camera chaeron secretly installed in my office...
[14:34] {lumdus} wow - what a trun that was for nvda. hmm, mabye no punishmed for vead
[14:36] {dino} sell the rips, s sm petd .47
[14:36] {lumdus} in twm 80.65
[14:36] {Threei} I can't overstress my distrust for this market enough lum...
[14:36] {Threei} I got 1:2 on a stock that sat and tortured me for 10 min, I won't take any chances
[14:36] {lumdus} out .95
[14:36] {Threei} expecially when it happens on such sharp spike
[14:36] {lumdus} +.30
[14:36] {Threei} gj
[14:37] {lumdus} tough to get thos. that's what i like quick and easy
[14:39] {lumdus} rimm looks like bounce comming
[14:40] {bruce} back
[14:40] {Threei} oh boy
[14:40] {Threei} bruce... your timing... :(
[14:40] {bruce} ezpect you folks probalby just had about 8 winning trades in row
[14:41] {Threei} one but sheesh... you left 1 minute before it was called and returned just when it was over
[14:41] {bruce} sheesh
[14:41] {bruce} no surprise though
[14:41] {Threei} this is freaky
[14:41] {Threei} scroll up...
[14:43] {dino} cov petd .07 +.40
[14:43] {bruce} sigh
[14:43] {lumdus} bruce, maybe leave for another few minutes and we make some $$ then you come back :)
[14:44] {lumdus} ok, if i was a jerk, i would buy rimm now... so -
[14:45] {dino} what a whip
[14:45] {lumdus} long rimm 107.22
[14:45] {lumdus} stop 107.07
[14:45] {bruce} sorry lum - just not that considerate
[14:45] {lumdus} stop on rimm 107.24 b/e
[14:46] {lumdus} vad, should i keep stop at .10 ?
[14:46] {lumdus} i guess, so ..
[14:47] {Threei} I don't have any read here lum, sorry
[14:48] {lumdus} that's why i went long. because i don't have a read ..
[14:48] {Threei} this is chart drawn by the pen tied up to the tail of drunken mule that is getting needled with sharp knife
[14:49] {lumdus} i need to step a way a second.. watch it for me.
[14:53] {Chaeron} }:
[14:53] {lumdus} ok, i am back..
[14:53] {lumdus} missed the damm spike
[14:54] {lumdus} out rimm .48 + .26
[14:55] {lumdus} days like today are my best. because i just act like a jerk
[14:57] {bruce} I'm going to resist replying to that lum
[14:58] {lumdus} i don't see any other way to play this market. so far it's worked. looking for next target
[14:58] {Threei} COIN rallied
[14:59] {dino} luck lum. use it while it lasts
[15:00] {lumdus} short sds 61.85 stop 62.03
[15:00] {dino} out spwr .80, +.60
[15:00] {lumdus} dino, exactly. while it lasts.
[15:01] {lumdus} sds die hard now. !!
[15:01] {dino} no disrespect, luck plays a part imo
[15:02] {dino} back in 10
[15:02] {lumdus} out sds .62
[15:03] {lumdus} +.23
[15:04] {bruce} zolt may be worth another try short here
[15:06] {Threei} COIN .20 is very risky long
[15:06] {lumdus} watching mdt for long
[15:10] {dino} thinking the same bruce
[15:10] {lumdus} in mdt long 49.48
[15:10] {dino} i can't get it
[15:12] {lumdus} stop on mdt 49.39
[15:12] {lumdus} dino, what can't you get ?
[15:12] {dino} fcsx
[15:13] {dino} zolt i couldn't get
[15:13] {lumdus} why can't you get it .. ?
[15:14] {dino} no shares at stsmartpro
[15:14] {magoo} u short ZOLT bruce?
[15:14] {lumdus} out mdt -.10 .. luck ran out
[15:20] {lumdus} schw about to run ?
[15:20] {lumdus} looks like some momo there. .. let me think about this
[15:21] {lumdus} in .52
[15:21] {Threei} ABK new wave of strength
[15:21] {Threei} .35 long if stays above .15
[15:21] {Threei} half lot
[15:22] {Chaeron} shucks
[15:23] {dino} fcsx s .91
[15:24] {Threei} .50 break needed to fuel another spike
[15:25] {lumdus} schw needs to beat abk .. let's go
[15:25] {Threei} 1:1
[15:27] {Threei} +.30
[15:27] {Threei} me out
[15:27] {Threei} maybe goes higher, I care not
[15:27] {Chaeron} beauty
[15:27] {magoo} me too .73 TY
[15:27] {Threei} umm... +.40
[15:27] {Threei} welcome
[15:27] {lumdus} gosh abk was 6.00 last month. how th heck did it go all the way here.
[15:28] {bruce} not in zolt mags - still aqtching it
[15:28] {Threei} hey, it was 70 just in Novemeber... you don't ask how the heck did it get to 6?? :)
[15:29] {Chaeron} naaaaa he was short
[15:29] {Threei} ahhh
[15:31] {Threei} IMF"S STRAUSS-KAHN: EXPECTS 'SLIGHT DECREASE" IN OIL PRICE, TO AVERAGE UNDER $100/BBL IN 2008, SEES DOWNSIDE RISK TO IMF'S 4.1% WORLD GROWTH FORECAST MAINLY DUE TO NEW SUBPRIME LOSSES
- Notes if there are no new subprime disclosures, may be 'good surprise' on 2008 growth
[15:31] {Threei} - Says no decoupling of emerging markets
[15:32] {Threei} FED'S MISHKIN: MODEL SHOWS BETTER TO RESPOND TO CORE INFLATION; INFLATION ABOVE RECENT YEARS WOULD BE HARMFUL- big rate hikes are not needed to halt inflation after supply shock if expectations are anchored
[15:34] {Threei} EBAY
[15:34] {Threei} UPDATE: JP MORGAN MAKES POSITIVE COMMENTS THIS AFTERNOON- says Q1 listings tracking at +11% y/y
[15:34] {Threei} 28 break maybe
[15:35] {Threei} in
[15:35] {Threei} ridiculously tight stop
[15:35] {lumdus} ebay .. that's dating yourself there.
[15:35] {Threei} .93
[15:35] {lumdus} schw working like a charpm
[15:36] {lumdus} out schw .62 + .10
[15:37] {lumdus} have a nice evenning. very good day. hopefully back on track
[15:37] {Threei} COIN
[15:37] {Threei} takle care lum, good job
[15:39] {bruce} bye lum
[15:39] {dino} gj lum
[15:40] {Threei} EBAY 1:1 for hard core scalpers
[15:41] {patience} nice call for the market today dino and ese
[15:45] {dino} mini s .84 stop .06
[15:47] {dino} too bad i didn't trade it better, the mornings are hurting me
[15:50] {bruce} the trading days are hurting me dino
[15:52] {tomg} vad, i've still got small shares INSU
[15:53] {tomg} ok to hold overnight, you think?
[15:53] {Threei} hmmm
[15:53] {Threei} no idea tom
[15:53] {Threei} overnight is overnight
[15:53] {tomg} ok, ty
[15:54] {Threei} chart looks good
[15:55] {Threei} how much you can trust charts in this supervolatile market is a whole other matter
[15:55] {Threei} although INSU doesn't seem to have much to do with market \
[15:55] {tomg} just have 100sh
[15:55] {Threei} then just hold it and see what happens
[15:56] {Threei} you are long from where?
[15:56] {dino} cov mini .54, +.30
[15:56] {tomg} 15.08
[15:56] {Threei} solid buffer
[15:57] {tomg} think I'll hold it then
[15:57] {Threei} I would
[15:57] {tomg} ok, thanks
[15:57] {Threei} big position with potential to hurt, no
[15:57] {Threei} 100 shares is sleeping level :)
[15:57] {tomg} yep :)
[15:57] {Threei} Ok guys, thank you all
[15:58] {Threei} good day actually
[15:58] {Threei} have a great evening, see you tomorrow
[15:59] {dptl} have a good evening all
[15:59] {dino} fcsx stopped .00 -.09
[16:10] {bruce} night all
