Mar 24 2008
Session Time: Mon Mar 24 00:00:00 2008
[08:27] {Onix} Good morning
[08:28] {Threei} morning Onix
[09:03] {Threei} BSC offer is getting upped to 10
[09:04] {Threei} rarely do you see such an open robbery
[09:05] {GeoArb} gm all
[09:05] {Threei} Geo :)
[09:06] {magoo} morning
[09:06] {Threei} magoo :)
[09:09] {lumdus} vad, what i thought all along. and now there will be happys seller ofbsc shares. it was obvious that this will go up from the 4.00 point
[09:09] {lumdus} you didn't like my analysis but i told you i know how to write for the WSJ :)
[09:11] {Threei} I didn't like? I thought I told you to go right ahead and write for them :)
[09:12] {lumdus} but you didn't follow my analysis to buy and hold it.. did you ?
[09:12] {Threei} I don't buy and hold
[09:12] {lumdus} vad, you don't buy and hold, you don't buy bb stocks.. maybe you need to change your lifestyle ?
[09:12] {Threei} or maybe I don't? :)
[09:13] {Threei} my current one works for me alright
[09:13] {lumdus} but improving is always good. you know if you have a million dollar you want 2
[09:14] {Threei} yeah, I guess... but ashes of those who bought and held BSC in 80s knock in my heart
[09:14] {dino} gm all
[09:14] {Threei} dino :)
[09:15] {dptl} good morning all
[09:15] {hawkfan4} morning all
[09:15] {Threei} dp, hawk :)
[09:19] {Threei} I don't want even to start imagining how BSC holders who sold around 2 feel now
[09:20] {Threei} and who is to say 10 is final offer
[09:20] {cosmo} yea...wait until its priced in ameros...
[09:21] {dino} how would you like to be a short
[09:21] {lumdus} so the hedge funds who bought at 5.00 thinking they losing money just so they can vote are making millions now.
[09:21] {bruce} morning dino- watching crzo as possible reversal candidate
[09:22] {dino} oil co
[09:22] {Threei} I wouldn't dino, lol
[09:22] {dino} watch oih w/it imo
[09:22] {bruce} k
[09:23] * bruce slaps Threei around a bit with a large trout
[09:23] {Threei} good morning to you too bruce
[09:24] {bruce} thats for not buying 50 k of bsc
[09:24] {Threei} well deserved
[09:24] {bruce} fwitsw - I wouldn't buy it either
[09:24] {bruce} lums on own
[09:24] {Threei} oh, then here is what is in order:
[09:24] * Threei slaps bruce around a bit with a large trout
[09:24] {bruce} lol
[09:24] {Threei} :)
[09:25] {Threei} so what's next. TMA going back to 5?
[09:25] {Threei} notice that BSC went above 10 earlier
[09:26] {Threei} there are probably speculators believing 10 is not final
[09:26] {cosmo} IDCC: said on Monday it was in settlement talks with leading cell-phone maker Nokia (NOK1V.HE: Quote, Profile, Research) and that the companies have made substantial progress toward resolving all of their disputes.
[09:26] {GeoArb} rumor jp bidding higher?
[09:26] {Threei} 10 so far Geo
[09:30] {Threei} BSC HALTED, NEWS PENDING
[09:31] {magoo} what a f job that is now
[09:32] {bruce} aaqpl dpoing its jump out of gate thing again
[09:32] {bruce} aapl
[09:32] {Threei} TMA heard me or what
[09:32] {magoo} u in tma?
[09:32] {Threei} no
[09:34] {Threei} watching LLTC
[09:34] {lumdus} in amzn 73.33 stop lod
[09:34] {bruce} yhoo forming beak pattern vad
[09:35] {Threei} LLTC .50 long if holding above .35
[09:35] {lumdus} vad, now that bsc is halted what do i do ?
[09:35] {Threei} ?
[09:35] {Threei} what can you do but wait for it to open
[09:35] {lumdus} does that mean it's bad or it's good ?
[09:35] {magoo} offer sacrifices to the trading gods
[09:36] {Threei} depends on what the news is
[09:36] {curtisweese} good i think...if you hold below 10
[09:36] {curtisweese} hopefully
[09:36] {GeoArb} probably good as rumor is jp upping offer
[09:36] {lumdus} as long as it doesn't go back to 4.50 i make money
[09:36] {Threei} if they say 10 or higher, great... if they say no deal, bad...
[09:36] {magoo} look AAPL vad
[09:36] {lumdus} you think it could go below $4.50 ? ouch !
[09:36] {Threei} I don't think lum
[09:37] {Threei} we just don't know what is going to be said
[09:37] {Threei} AAPl is bounce scalp mags
[09:37] {Threei} LLTC getting ready
[09:37] {lumdus} oh well amzn -.15 for me.. starting off on the wrong foot here.
[09:38] {magoo} in vad
[09:38] {lumdus} long lltc .49
[09:38] {Threei} stop for scalpers .39
[09:38] {Threei} for sane traders .34
[09:39] {magoo} out aapl /.34, + .40
[09:39] {magoo} ty vad
[09:39] {Threei} nice way to start week mags
[09:39] {lumdus} why out aapl. can break hod
[09:40] {Threei} LLTC scalpers have 1:1
[09:40] {lumdus} stop on aapl 134.20 ?
[09:40] {magoo} just scalping Lum'
[09:40] {Threei} yes if you hold lum
[09:40] {lumdus} lltc b/e stop
[09:42] {Threei} 1:2 LLTC, half out at least
[09:43] {lumdus} stop on aapl 134.40 -- don't want to risk to much there.
[09:43] {dptl} ty lltc +.10...+.20
[09:44] {Threei} welcome
[09:44] {lumdus} just having a hard time scalping today.
[09:44] {magoo} out LLTC TY vad
[09:44] {Threei} :)
[09:44] {dino} sm l crzo .00
[09:45] {lumdus} stop lltc 31.53
[09:45] {lumdus} can't get myself to sell anyting yet.
[09:46] {lumdus} out lltc 31.65 thank you vad
[09:47] {Threei} JBHT small shares long with stop under .40
[09:48] {Threei} no worky
[09:49] {curtisweese} aapl is a big buy right now looks like
[09:49] {curtisweese} nev mind...jumped
[09:49] {magoo} maybe RIMM bounce
[09:49] {lumdus} curtis i got stopped out .42
[09:50] {curtisweese} you were still holding? i already bought and sold twice...lol
[09:50] {magoo} lum, on AAPL?
[09:50] {lumdus} yes magoo
[09:50] {Threei} BSC JP MORGAN ANNOUNCING A REVISED MERGER AGREEMENT
[09:50] {lumdus} aapl crap !
[09:50] {magoo} 12 vbux a share
[09:51] {magoo} guess
[09:51] {lumdus} so does that mean bsc will start trading soon higher or lower ?
[09:51] {magoo} on CNBC now
[09:51] {Threei} AGREEMENT FOR JPM TO PURCHASE 39.5% OF BSC
[09:52] {curtisweese} out aapl again.....gonna buy back in if it dips down to .40
[09:52] {Threei} VLNC broker Fri high
[09:52] {curtisweese} nice!
[09:53] {Threei} broke
[09:54] {lumdus} vlnc was 1.50 on jan 08 and now 4.60
[09:54] {curtisweese} waiting for aapl drop here for a buy for me.....40
[09:54] {Threei} called it as a swing trade twice
[09:55] {Threei} details are coming in
[09:55] {Threei} - Under the revised terms, each share of Bear Stearns common stock would be exchanged for 0.21753 shares of JPMorgan Chase common stock (up from 0.05473 shares), reflecting an implied value of approximately $10 per share of Bear Stearns common stock based on the closing price of JPMorgan Chase common stock on the New York Stock Exchange on March 20, 2008.
[09:55] {Threei} - The Federal Reserve Bank of New York''s $30B special financing associated with the transaction has also been amended so that JPMorgan Chase will bear the first $1B of any losses associated with the Bear Stearns assets being financed and the Fed will fund the remaining $29B on a non-recourse basis to JPMorgan Chase.
[09:56] {curtisweese} l aapl 134.50 stop 134.18 or so for me
[09:56] {Threei} - CEO: "We believe the amended terms are fair to all sides and reflect the value and risks of the Bear Stearns franchise, and bring more certainty for our respective shareholders, clients, and the marketplace. We look forward to a prompt closing and being able to operate as one company."
[09:57] {curtisweese} here it goes :)
[09:57] {curtisweese} or not
[09:59] {Threei} LULU small shares long .50, stop under .25
[09:59] {magoo} OOOYYYYYYY
[10:00] {Threei} BSC open
[10:00] {Threei} *FEB EXISTING HOME SALES: 5.03M V 4.85ME
[10:00] {curtisweese} nice lum, you were holding lower than 10 right?
[10:01] {curtisweese} moved aapl stop up to 134.60.....break hod...come on!!!
[10:01] {lumdus} done with bsc
[10:01] {curtisweese} break 135...goooooooooooo
[10:02] {curtisweese} raised stop on aapl to 134.90
[10:02] {Threei} MF
[10:02] {Threei} HEARING POSITIVE CHATTER CIRCULATING
[10:03] {curtisweese} aapl stop raised to 135.20
[10:03] {Threei} LULU hit 1:1
[10:03] {Threei} MF - Chatter surrounds possible refinancing for $1B bridge loan from Morgan Stanley
[10:03] {magoo} what entry LULU u get?
[10:03] {Threei} .40
[10:04] {Threei} even though send arder at .50
[10:04] {dptl} out lulu+.30 ty
[10:04] {Threei} there was hidden order obviously
[10:04] {dino} all is right in the world again
[10:04] {Threei} welcome dp
[10:04] {Threei} LULU 1:3
[10:05] {curtisweese} aapl stop to 135.30
[10:05] {Threei} MF moved
[10:05] {curtisweese} .40
[10:06] {curtisweese} out aapl made $.90
[10:07] {Threei} nice
[10:07] {curtisweese} 2x goal for today.....hmmmm....last time i lost after being up 2x as i didn't quit....need to re-evaluate
[10:08] {bruce} su looks like long candidagte to me dino
[10:09] {Threei} curtis
[10:09] {Threei} here is suggestion for you
[10:09] {Threei} put a trailing stop on your account
[10:09] {Threei} let's say at the goal level
[10:09] {Threei} and trade half of your usual shares from now on,
[10:09] {Threei} if fall back to 1 x goal, stop trading for the day
[10:10] {curtisweese} hmmm...okay....yeah...that is a good plan....i need the discipline to not give it back!
[10:10] {Threei} you trade for profits, so protect them
[10:11] {dino} exactlllllyyyyyy
[10:12] {Threei} and if you trade for excitement, I'd suggest to think of alternative source for that so market remains what it should be - source of profit
[10:12] {Threei} GRMN buyout chatter
[10:12] {Threei} who would possibly buy it
[10:12] {GeoArb} nokia
[10:12] {dino} i would
[10:13] {Threei} have a look at BSC
[10:14] {Threei} game is not over it seems
[10:14] {curtisweese} man, i got out of aapl, way too early.....sigh
[10:15] {dino} out crzo .99, +.99, ty bruce
[10:15] {bruce} welcome dino
[10:15] {curtisweese} s aapl 136.34 scalp and then buy back coming...lol
[10:16] {curtisweese} out aapl short made .19
[10:16] {curtisweese} jeez, what is up with msft?
[10:18] {Threei} BSC, any bet on what the next offer is going to be at?
[10:18] {Threei} new 52 week highs VLNC
[10:19] {magoo} [09:51] {magoo} 12 vbux a share
[10:19] {magoo} [09:51] {magoo} guess
[10:19] {magoo} [09:51] {lumdus} so does
[10:19] {curtisweese} msft DOWN today?
[10:20] {Threei} doesn't look cheerful, MSFT
[10:20] {Threei} lol BSC
[10:21] {curtisweese} s aapl 136.29
[10:22] {curtisweese} out aapl short made $.26
[10:22] {Threei} 12 is behind mags... next guess? :)
[10:23] {Threei} I mean 13 is behind
[10:23] {Threei} I mean... ah never mind
[10:24] {magoo} i can't believe its avail short
[10:24] {Threei} I can't believe anything happening with it
[10:25] {curtisweese} do we buy bsc and get another 2% or something?
[10:25] {curtisweese} or do we lose $2?
[10:25] {Threei} I have no idea
[10:25] {curtisweese} seems crazy
[10:25] {Threei} this is not a stock trading with any kind of readability
[10:26] {Chaeron} GM all
[10:26] {Threei} chaeron :)
[10:27] {magoo} chaer:)
[10:27] {curtisweese} s aapl 137.54
[10:30] {bruce} mon short dino?
[10:30] {curtisweese} out aapl short....lost .08
[10:32] {cosmo} IDCC@23
[10:32] {cosmo} lets see...
[10:33] {Threei} if you for some wierd reason are interested inj BSC, moment to try it for bounce is somewhere here
[10:33] {dino} mon yes, just where? .84ish
[10:34] {bruce} yes - probably
[10:34] {bruce} fxp possible long bounce near here dino
[10:35] {curtisweese} s aapl 138.45 entry....
[10:35] {magoo} TY vad, ouit .54 + .30
[10:35] {Threei} wtg
[10:35] {dino} ultrashort fund fxp careful
[10:35] {curtisweese} out aapl short made. $.41
[10:36] {dino} another 85 pts and have to go short everything
[10:36] {curtisweese} jeez aapl has gone straight up today
[10:37] {magoo} rimm too
[10:38] {dino} fcsx l .04 sm
[10:39] {dino} missed mon
[10:40] {Threei} MBI FITCH COMMENTS ON RATINGS, MAINTAINS IFS DEBT RATINGS FOR 'FORESEEABLE FUTURE'
[10:41] {bruce} your 84 entry woulda been prefect in mon
[10:42] {cosmo} IDCC gonna test..
[10:43] {dino} y, i'm an idiot
[10:43] {dino} waiting at .80
[10:43] {Threei} BVF
[10:43] {Threei} SEC CHARGES BIOVAIL CORP, EXECUTIVES WITH ACCOUNTING FRAUD
[10:45] {bruce} I missed it too - too keyes off it too long
[10:46] {dino} bvf s .99 sm wide, risky
[10:46] {Threei} that's a wierdly huge bounce for such news
[10:46] {Threei} something's not right
[10:47] {dino} saying the same to magoo
[10:47] {dino} should lose 3 bucks
[10:47] {curtisweese} s aapl 137.71 entry for me
[10:47] {dino} settles 10 million
[10:48] {Threei} SETTLES FOR $10M
- SEC: Overstated earnings and hid losses.
[10:48] {Threei} - Former CEO is charged, four executives charged.
[10:50] {curtisweese} die aapl...just for a bit
[10:53] {curtisweese} out aapl short lost .08
[10:54] {Threei} BSC new round of insanity comes it seems
[10:54] {curtisweese} omg...i got out of that short barely too early...crap
[10:56] {dino} fcsx stopped -.32
[10:56] {bruce} yes - sorry dino
[10:57] {lumdus} vad, actually i think anybody who didn't buy 3 - 4 is insane. did anybody really thing that bsc sharholder where going to ok a $2.00 buyout ? of course not - it was pure emotianal from some low baller at jp.
[10:57] {magoo} vad, u not reading RIMM or AApL today??
[10:58] {GeoArb} i guess its a risk apetite thing
[10:58] {bruce} fxp looking long to me now dino - trying to decide where entry would be
[10:59] {curtisweese} l aapl 137.69 stop 137.45
[11:03] {curtisweese} out aapl made $.10
[11:03] {magoo} i still say your commission gotta be killing u curtis
[11:04] {dino} break of .50 my guess
[11:04] {bruce} looks right to me dino - thinking it may back off to 104 even and might be good try there if it does
[11:05] {dino} there it is
[11:05] {Threei} not so far' on RIMM/AAPL mags
[11:06] {bruce} in l 104 25 c stop
[11:08] {curtisweese} i only pay about $7 in and $7 out...doesn't matter how many shares
[11:09] {dino} bvf stopped -.23
[11:11] {dino} sm fwlt s .55
[11:14] {curtisweese} l aapl 138.31 entry tight stop
[11:19] {curtisweese} out made .06
[11:19] {dino} sm s schn .10
[11:19] {bruce} out fxp flat
[11:21] {dino} fwlt bstrop to .15
[11:22] {dino} cov fwlt .12, +.43
[11:24] {Threei} [10:54] {Threei} BSC new round of insanity comes it seems
[11:24] {Threei} insanity it is
[11:25] {Threei} LULU
[11:25] {Threei} another break for small shares .50
[11:26] {Threei} stop under .30
[11:26] {magoo} in
[11:30] {dptl} out lulu+.30 ty
[11:30] {Threei} welcome
[11:31] {Threei} BSC 13 coming?
[11:32] {dino} schn stopped -.47
[11:33] {magoo} ouit LULU TY + .24
[11:33] {curtisweese} lol...i figured we'd be able to get 1 or 2% if we bought in earlier...downside risk was $2 though which is huge
[11:34] {Threei} {BSC} 13? what makes you think I am so cheap?
[11:35] {GeoArb} i am kiling it on trailing on sim
[11:35] {GeoArb} i just wish it wasnt sim :)
[11:36] {GeoArb} i mean sim on rimm
[11:37] {GeoArb} i am coming to the conclusion its better to trade 100 real than sim
[11:37] {GeoArb} i become a sim cowboy
[11:37] {Threei} there is time for everything Geo
[11:37] {Threei} follow the MPP process
[11:37] {GeoArb} darn :)
[11:38] {Threei} it answers the question when to switch to small shares,
[11:38] {Threei} when to start increasing the amount
[11:38] {GeoArb} yeah
[11:38] {GeoArb} i am not increasing it yet
[11:38] {Threei} if you went through the step, why stay with it
[11:38] {GeoArb} its just i am trying out a new platform so switched to sim
[11:39] {GeoArb} and found i take a lot of risks on sim hehe
[11:39] {bruce} eqix possible short dino
[11:39] {curtisweese} l msft 29.18 entry gonna start catching up with market now! I hope i hope lol
[11:41] {curtisweese} msft doesn't like me :(
[11:44] {dino} wow eqix
[11:45] {bruce} yes - big hop - got stopped attempting to short
[11:46] {Threei} BSC took 13 and not stopping
[11:47] {Threei} LULU solidly over 1:1, if anyone is still in, be careful here
[11:50] {Threei} this must be the wierdest takeover in history
[11:50] {Threei} BSC I mean
[11:50] {curtisweese} this is the siri merger...crazy
[11:50] {bruce} eqix may be ready to fade now
[11:50] {curtisweese} they should merge siri and bsc
[11:50] {curtisweese} lol
[11:51] {Threei} that's a tough one
[11:51] {Threei} try to determine the price, lol
[11:51] {Threei} and JPM is likely to take over XMSR in that case?
[11:51] {curtisweese} BSC could collateralize their loans with the air in the airwaves
[11:52] {Threei} S&P RASIES RATING ON BEAR STERNS TO AA- TAKEN OF WATCH LIST
[11:52] {Threei} as if there was not enough confusion as it stood
[11:54] {dino} wanted one more spike bruce
[11:55] {dptl} so..in simple words,can anyone explain me what proshares are?please
[11:55] {dino} etf's
[11:56] {dptl} so it' the same like ndx
[11:56] {dptl} or qqqq
[11:57] {bruce} k dino
[11:57] {curtisweese} double down on msft at 29.10 average cost 29.14 now
[11:57] {dptl} so what is ultra short proshares?
[11:57] {dino} but, i think they use options to "juice" it, usually 2x the move
[11:58] {curtisweese} come on msft...go positive....grrrrrr
[11:58] {dino} eqix sm s .35
[11:59] {bruce} dino - eev possible long- thin
[11:59] {curtisweese} there it goes! run forrest...i mean msft run.....just give me a scalp and i will love you
[12:00] {dino} hmmm dk
[12:00] {dino} iesc?
[12:03] {bruce} yes - iesc looks short- prefer to see it show some weakness
[12:04] {bruce} you still short eqix - looks like it watns more long
[12:05] {dino} y unbfortunately
[12:05] {dino} going to hit my stop
[12:05] {dino} stopped
[12:06] {bruce} sorry - sucks - stopped me too
[12:06] {curtisweese} Curtis has been taken off the watch list.....quit watchin me!
[12:07] {bruce} dxd long on .20 break?
[12:07] {curtisweese} jeez etfc
[12:07] {bruce} forget it - hasn't dropped far enough
[12:08] {dino} ultra short
[12:08] {curtisweese} short bsc? deal gonna close april 8th they say?!!!
[12:08] {dino} dow 30
[12:09] {bruce} k
[12:10] {bruce} fxp may be worth another try long
[12:10] {dino} magoo's killing my diet, he just had chili dogs delivered
[12:10] {bruce} ah shame
[12:11] {bruce} you can always them them down dino
[12:11] {curtisweese} there bsc drops...crap...knew it
[12:11] {bruce} and just watch mags eat em
[12:12] {dino} i can't resist today
[12:13] {magoo} the paulie pak
[12:15] {bruce} personally - I can resist anything except temptation
[12:15] {dino} iesc s .02
[12:17] {curtisweese} finally microsoft gets postive for the day again...jeez!!!! killin me
[12:18] {curtisweese} now if it can just get up 2.88% with the rest of the market...come on!!!
[12:30] {curtisweese} why didn't i just buy aapl and sit on it with a trailing stop....waaaaaa
[12:30] * dptl slaps ThurstonHowellTheThird around a bit with a large trout
[12:30] {dptl} .
[12:36] {dino} sm l fmcn .00
[12:37] {dptl} wierd....slaped Thurston and computer got frozen..
[12:39] {Threei} universe's payback
[12:40] {dptl} looks like:)
[12:40] {bruce} fmcn sto-p at .65 orso dino?
[12:41] {bruce} he's got professor in his corner dp
[12:42] {dino} y
[12:43] {curtisweese} talking heads are pumping rimm right now
[12:44] {Threei} btw guys, follow-up to previous post:
[12:44] {Threei} http://www.realitytrader.com/blog/2008/03/can-you-afford-to-be-wrong-for-too-long.html
[12:44] {Threei} leave RIMM alone until it consolidates and breaks 112, and go read it
[12:47] {Threei} RIMM becomes good candidate if breaks while holdin'g above .70
[12:48] {magoo} 12 trigger?
[12:48] {Threei} 112
[12:51] {curtisweese} yay...msft is going to break HOD...come on! make me look smart
[12:52] {Threei} lol
[12:52] {Threei} curtis, when you are done with MSFT dcc me please
[12:52] {curtisweese} doh!!! it hit it and bounced off like a rubber ball :(
[12:52] {Threei} ah come on RIMM, trigger already
[12:53] {curtisweese} i break HOD, you break 112...deao
[12:53] {curtisweese} deal i mean
[12:53] {Threei} and don't forget to go to 113 when you do
[12:53] {Threei} 114 won't offend me either
[12:53] {Chaeron} (120)
[12:53] {Threei} that will be rather rude
[12:53] {Threei} since there is no way I would be able to keep it for that long :)
[12:54] {dino} stopped fmcn
[12:54] {Chaeron} shoot
[12:54] {bruce} yes - same dino
[12:54] {Threei} yeah, invalidated for now
[12:55] {bruce} fmcn may bounce long near here
[12:56] {dino} maybe
[12:56] {curtisweese} vad, will you look at msft...should i get out now? i doubled down at 29.10 so my average is about 29.15 at the moment.....it is at top now, so confused on what to ...hahah..i'm usually at bottom
[12:56] {Threei} you know what
[12:56] {curtisweese} my stop is now 29.22
[12:56] {Threei} doubling down is so bad thing to do,
[12:57] {curtisweese} well..there were other reasons
[12:57] {Threei} bounce that makes you even or profitable must be taken as a gift
[12:57] {Threei} and taekn with gratitude
[12:57] {curtisweese} good point
[12:57] {Threei} no matter what happens next
[12:57] {Threei} in overwhelming majority of cases averaging down is getting punished
[12:59] {Threei} curtis, dcc please
[13:00] {bruce} iesc may be short try again
[13:00] {bruce} eqix too dino
[13:00] {curtisweese} threei, i tried, but i'm doing it wrong i guess. click on your name, then dcc then...?
[13:00] {Threei} just doubleclick on my name
[13:01] {Threei} window will pop up
[13:01] {Threei} type in it
[13:05] {patience} gm RT :) Bruce, when you have a moment, please dcc
[13:05] {dino} most likely bruce, i'm just getting rinsed all day
[13:06] {dino} look fmcn now, sheesh
[13:06] {dino} brb
[13:07] {bruce} yes - watching - moved enough to stup us then continue
[13:07] {curtisweese} okay, back from my dcc where threei taught me the secrets of the market
[13:09] {curtisweese} market wants to go higher still?! wow
[13:10] {Threei} hard to say here
[13:10] {Threei} hesitates
[13:16] {Threei} guys, who is using laser,
[13:16] {Threei} have a look at V daily please
[13:16] {magoo} me
[13:17] {Threei} do you see crazy spike on its first day or your daily is normal?
[13:17] {Chaeron} normal
[13:17] {magoo} norm
[13:17] {Threei} hmmm... just me then
[13:17] {Threei} ty
[13:17] {judijim} we use laser also
[13:17] {Chaeron} even tho when I scroll over it it shows a hi of 199,000
[13:18] {Chaeron} that was my buy
[13:18] {Chaeron} :)
[13:18] {Threei} lol
[13:18] {curtisweese} lol!!
[13:18] {Laserdave1} yoru buy?
[13:18] {Chaeron} only 100shares... it's ok
[13:18] {Laserdave1} it was my sell
[13:18] {Chaeron} great job Dave :)
[13:18] {Laserdave1} why ty:)
[13:23] {Threei} BSC, 50/50 trade:
[13:24] {Threei} .99 short, .11 stop
[13:24] {Threei} only if you feel like going for coin toss
[13:24] {dino} iesc you were right bruce
[13:24] {curtisweese} you didn't short up around 13 because it was risky to keep going up at that point?
[13:25] {Threei} just didn't see any setup, and it was scorching hot
[13:26] {Threei} calmed down a bit now... still can pick up the pace, but stop is tight enough here
[13:26] {bruce} yes - hope you got it
[13:28] {Threei} invalidated
[13:32] {Threei} meaningless wandering within a channel... rather a scalp from low to high and back than breakout/breakdown at this point
[13:33] {Threei} we had a very good morning, no need to press now
[13:34] {Threei} keeping an eye on ESLR
[13:34] {Threei} no firm idea of a trade yet
[13:37] {curtisweese} bsc down at 12 again
[13:47] {curtisweese} my stop on msft is at 29.25...don't hit it!!! lol
[13:56] {magoo} vad, AAPL & RIMM
[13:57] {Threei} no read on either mags
[13:59] {Threei} RIMM needs 112 broken to become frenzied player again
[14:00] {Threei} but it's way too far from there
[14:00] {Threei} if market spikes, can take it aggressively of course
[14:00] {Threei} 60 break...
[14:00] {Threei} if holding above .40
[14:01] {Threei} so-so play, honestly
[14:01] {Threei} BSC however... picks up pace again
[14:03] {Threei} good thing RIMM invalidated
[14:03] {Threei} I would be fighting myself to take that trade
[14:04] {dino} eqix s break of .50
[14:06] {dino} infn sm s .70
[14:11] {judijim} what about amzn if hits 77.00
[14:11] {curtisweese} doh my stop is in jeopardy at 29.25....hold on bill hold on
[14:13] {judijim} forget amzn, we were watching:(
[14:17] {Threei} way too far from there, AMZN
[14:31] {Threei} watching GILD
[14:32] {Threei} .94 long if stays above .80
[14:39] {curtisweese} back!
[14:40] {curtisweese} ohhh.....bill has his company at the HOD, but can he break it.....stay tuned for scenes from next week's episode
[14:40] {curtisweese} i'm trying not to trade so much, but i'm just bored now :(
[14:41] {Threei} uh oh
[14:41] {Threei} bored curtis - that's something to be scared of
[14:41] {lumdus} curtis, better to be a bored rich man that a poor active man. In short, don't trade because you are bored. Go pick on your wife instead ..
[14:42] {curtisweese} hahhaah......look at msft....i should unload probably here....hmmmmm....i have held it for hours
[14:42] {bruce} hmm vad - that doesn't sound like a winningstrategy either
[14:42] {bruce} how about fighting w neighbour?
[14:42] {Threei} neither does kicking your cat
[14:43] {curtisweese} i have two cats! here kitty kitty...help me break the HOD
[14:43] {Threei} and I would take great offense on behalf of cat
[14:44] {dino} lol lum
[14:44] {curtisweese} woot! got it finally...now what....lol i just want msft to be up half as much as nasdaq :(
[14:44] {curtisweese} i mean percentagewise, not pointwise
[14:45] {Threei} points would be even better
[14:45] {curtisweese} hahah...moved my stop up to .29....lockin in profits Vaddy-D style!
[14:46] {Threei} lock'em da profits
[14:46] {Threei} da profits are to be locked
[14:48] {curtisweese} that BSC short would have been nice at 12 :(
[14:48] {curtisweese} prolly still nice at 11.73, but i'm chicken
[14:49] {Threei} it went to 12.50 before triggering
[14:49] {Threei} where would you place a stop...
[14:49] {curtisweese} losing like 20k
[14:50] {Threei} WM
[14:50] {Threei} S&P RAISES O/C LEVEL FOR WAMU'S COVERD BOND AAA RATINGS, AFIRMS RATING
[14:51] {Threei} uh oh
[14:51] {Threei} RIMM
[14:51] {Threei} JIM CRAMER MAKING POSITIVE COMMENTS ON THE STOCK - CNBC- Suggests buying stock ahead of next weeks earnings report.
[14:51] {Chaeron} oi
[14:51] {Threei} oy it is
[14:51] {lumdus} did jim cramer suggest to buy BSC ?
[14:51] {Threei} if history is any indication... RIMM goes to 60 {G}
[14:51] {Threei} yes lum...
[14:52] {curtisweese} stopped out of msft made $.18 sheesh that took awhile
[14:52] {Threei} beter than poke in the eye
[14:54] {Threei} GILD invalidated
[14:55] {Threei} breakout on daily remains very attractrively looking, hopefully finishes close to high today and lets us in tomorrow
[14:55] {curtisweese} s aapl super tight stop
[14:58] {curtisweese} out aapl short made $.12
[14:59] {curtisweese} omg...out a second too early again...jeez
[15:03] {bruce} xmsr spike
[15:03] {Threei} XMSR
[15:03] {Threei} SIRI merger approval
[15:05] {Threei} XMSR/SIRI RECEIVES U.S. ANTITRUST APPROVAL; DOJ FINDS NO EVIDENCE OF HARM TO COMPETITION- deal still needs FCC approva
[15:05] {dino} cov eqix .00, +.50
[15:09] {curtisweese} s aapl 139.42 tight stop
[15:09] {curtisweese} out lost .13
[15:09] {Threei} SIRI practically baack into support
[15:10] {Threei} traded at 3 before news
[15:10] {Threei} looks scalpable with 2.95 stop
[15:11] {patience} bruce, please see dcc
[15:13] {judijim} for us had + day, see u earlier tomorrow!
[15:14] {Threei} SAIRI 1:1 if you took .08
[15:14] {Threei} take care judijim, good job
[15:14] {Threei} can I call you jj?
[15:14] {judijim} yes
[15:14] {Threei} ty
[15:15] {Threei} (my is lazy typist... lousy too)
[15:15] {Chaeron} true dat
[15:15] {Threei} and abbreviation dj jj looks so cute to me
[15:15] {Threei} sorry, meant: gj jj
[15:15] {Chaeron} "cute" .......... ?
[15:15] {Threei} proof of concept re: lousy typist
[15:16] {Threei} try to say it chaeron
[15:16] {Threei} rolls of the tongue
[15:18] {curtisweese} s nvda?
[15:18] {Threei} not much indication either way
[15:20] {bruce} taking break
[15:25] {curtisweese} what about SIRI here at 3.07 ??
[15:25] {Threei} I don't like that it returned into this support again
[15:26] {Threei} it weas easy play first time around
[15:26] {Threei} coin toss this time
[15:27] {Threei} play to my liking would have been if it bottommed out at .15 and broke .21
[15:27] {curtisweese} looks like you are right
[15:28] {Threei} can you hear the scream of 3.89 buyer?
[15:28] {curtisweese} lol...yeah
[15:28] {Threei} market order on news...
[15:28] {curtisweese} crazy that they get past a big hurdle with merger and then it dives
[15:29] {curtisweese} here it goes again up.....hmmmm
[15:29] {Threei} dunno... I won't touch it
[15:30] {lumdus} curtis i have no analysis in my column today of bsc. unfortunately i got out at 10.00 instead of 13.85 but hey a good 7.00 is always a pleasure
[15:30] {curtisweese} yeah...i'd say you did alright!
[15:30] {Threei} pleasure?
[15:30] {Threei} that's understatement of the century
[15:31] {Threei} ecstatic joy is more like it, and even that is not reflective enough
[15:31] {lumdus} vad, i have to admit it. I was very nervous all weekend. went through at least 10 advils. wasn't easy at all. But it was well worth every single penny.. I couldn't trade today in my regular account since i maxed out with a margin call on my bsc shares.
[15:32] {Threei} what can I say... all is well that ends well
[15:32] {lumdus} had to use my charles schwab account using street pro crap
[15:32] {curtisweese} wow....you made a killing though....take a break for sure!
[15:33] {lumdus} always looking for the next killing.
[15:36] {dptl} i had uneasy weekend too....bearly sober for three days:)
[15:37] {Threei} meaning, tough hangover?
[15:37] {lumdus} i tried that on friday, wasn't too easy.
[15:37] {dptl} yep...lol
[15:37] {Threei} told ya bathtub vodka no good for your health
[15:38] {dptl} lol
[15:39] {Threei} .15 - .21 setup is back on SIRI
[15:43] {Chaeron} SIRI teasing us
[15:43] {dptl} 17 min left...
[15:44] {Threei} TILL YOUR NEXT SHOT DP? {g}
[15:44] {Threei} sorry caps
[15:44] {dptl} roflol......having beer.....
[15:44] {Threei} yeah... don't drink and trade
[15:45] {Chaeron} so even tho he's on his 7th beer, that doesn't count?
[15:45] {Threei} it doesn't, simply because he can't count after 5th
[15:46] {Chaeron} heheheh
[15:46] {dptl} lol
[15:46] {curtisweese} l aapl 139 super tight stop...just an end of day try and trade
[15:47] {Threei} XMSR trying to break 14, should help SIRI is does
[15:47] {curtisweese} nice....that will get me closer to my entry at 3.89
[15:48] {curtisweese} just kiddin
[15:48] {Threei} lol
[15:49] {Threei} come on XMSR... on behalf of buyer above 15, could you at least break 14?
[15:49] {curtisweese} stopped out .12
[15:50] {Threei} who still hasn't read last two blog posts, you better do it after close today
[15:50] {Threei} or else
[15:52] {Threei} wow... I successfully scared everyone
[15:52] {dptl} have a good evening all....ty. Vad... good day today:)
[15:53] {Threei} take care dp, Alka Zeltzer is your destiny today :)
[15:53] {dptl} :)
[15:53] {Threei} and no, it's not a female neighbour's name
[15:53] {curtisweese} weird that msft didnt move anywhere today
[15:54] {dptl} ooo good to know...:)
[15:55] {curtisweese} jeez i set my stop barely too tight on that last aapl trade.....it hit and executed and then stock goes up.....70
[15:55] {curtisweese} i think i sold at the low...sweeeeeet
[15:58] {Threei} Ok guys, good day today, which is not foten happens on Mondays
[15:58] {Threei} thank you all
[15:58] {Threei} have a good evening, see you tomorrow
[16:01] {dino} take care all
[08:27] {Onix} Good morning
[08:28] {Threei} morning Onix
[09:03] {Threei} BSC offer is getting upped to 10
[09:04] {Threei} rarely do you see such an open robbery
[09:05] {GeoArb} gm all
[09:05] {Threei} Geo :)
[09:06] {magoo} morning
[09:06] {Threei} magoo :)
[09:09] {lumdus} vad, what i thought all along. and now there will be happys seller ofbsc shares. it was obvious that this will go up from the 4.00 point
[09:09] {lumdus} you didn't like my analysis but i told you i know how to write for the WSJ :)
[09:11] {Threei} I didn't like? I thought I told you to go right ahead and write for them :)
[09:12] {lumdus} but you didn't follow my analysis to buy and hold it.. did you ?
[09:12] {Threei} I don't buy and hold
[09:12] {lumdus} vad, you don't buy and hold, you don't buy bb stocks.. maybe you need to change your lifestyle ?
[09:12] {Threei} or maybe I don't? :)
[09:13] {Threei} my current one works for me alright
[09:13] {lumdus} but improving is always good. you know if you have a million dollar you want 2
[09:14] {Threei} yeah, I guess... but ashes of those who bought and held BSC in 80s knock in my heart
[09:14] {dino} gm all
[09:14] {Threei} dino :)
[09:15] {dptl} good morning all
[09:15] {hawkfan4} morning all
[09:15] {Threei} dp, hawk :)
[09:19] {Threei} I don't want even to start imagining how BSC holders who sold around 2 feel now
[09:20] {Threei} and who is to say 10 is final offer
[09:20] {cosmo} yea...wait until its priced in ameros...
[09:21] {dino} how would you like to be a short
[09:21] {lumdus} so the hedge funds who bought at 5.00 thinking they losing money just so they can vote are making millions now.
[09:21] {bruce} morning dino- watching crzo as possible reversal candidate
[09:22] {dino} oil co
[09:22] {Threei} I wouldn't dino, lol
[09:22] {dino} watch oih w/it imo
[09:22] {bruce} k
[09:23] * bruce slaps Threei around a bit with a large trout
[09:23] {Threei} good morning to you too bruce
[09:24] {bruce} thats for not buying 50 k of bsc
[09:24] {Threei} well deserved
[09:24] {bruce} fwitsw - I wouldn't buy it either
[09:24] {bruce} lums on own
[09:24] {Threei} oh, then here is what is in order:
[09:24] * Threei slaps bruce around a bit with a large trout
[09:24] {bruce} lol
[09:24] {Threei} :)
[09:25] {Threei} so what's next. TMA going back to 5?
[09:25] {Threei} notice that BSC went above 10 earlier
[09:26] {Threei} there are probably speculators believing 10 is not final
[09:26] {cosmo} IDCC: said on Monday it was in settlement talks with leading cell-phone maker Nokia (NOK1V.HE: Quote, Profile, Research) and that the companies have made substantial progress toward resolving all of their disputes.
[09:26] {GeoArb} rumor jp bidding higher?
[09:26] {Threei} 10 so far Geo
[09:30] {Threei} BSC HALTED, NEWS PENDING
[09:31] {magoo} what a f job that is now
[09:32] {bruce} aaqpl dpoing its jump out of gate thing again
[09:32] {bruce} aapl
[09:32] {Threei} TMA heard me or what
[09:32] {magoo} u in tma?
[09:32] {Threei} no
[09:34] {Threei} watching LLTC
[09:34] {lumdus} in amzn 73.33 stop lod
[09:34] {bruce} yhoo forming beak pattern vad
[09:35] {Threei} LLTC .50 long if holding above .35
[09:35] {lumdus} vad, now that bsc is halted what do i do ?
[09:35] {Threei} ?
[09:35] {Threei} what can you do but wait for it to open
[09:35] {lumdus} does that mean it's bad or it's good ?
[09:35] {magoo} offer sacrifices to the trading gods
[09:36] {Threei} depends on what the news is
[09:36] {curtisweese} good i think...if you hold below 10
[09:36] {curtisweese} hopefully
[09:36] {GeoArb} probably good as rumor is jp upping offer
[09:36] {lumdus} as long as it doesn't go back to 4.50 i make money
[09:36] {Threei} if they say 10 or higher, great... if they say no deal, bad...
[09:36] {magoo} look AAPL vad
[09:36] {lumdus} you think it could go below $4.50 ? ouch !
[09:36] {Threei} I don't think lum
[09:37] {Threei} we just don't know what is going to be said
[09:37] {Threei} AAPl is bounce scalp mags
[09:37] {Threei} LLTC getting ready
[09:37] {lumdus} oh well amzn -.15 for me.. starting off on the wrong foot here.
[09:38] {magoo} in vad
[09:38] {lumdus} long lltc .49
[09:38] {Threei} stop for scalpers .39
[09:38] {Threei} for sane traders .34
[09:39] {magoo} out aapl /.34, + .40
[09:39] {magoo} ty vad
[09:39] {Threei} nice way to start week mags
[09:39] {lumdus} why out aapl. can break hod
[09:40] {Threei} LLTC scalpers have 1:1
[09:40] {lumdus} stop on aapl 134.20 ?
[09:40] {magoo} just scalping Lum'
[09:40] {Threei} yes if you hold lum
[09:40] {lumdus} lltc b/e stop
[09:42] {Threei} 1:2 LLTC, half out at least
[09:43] {lumdus} stop on aapl 134.40 -- don't want to risk to much there.
[09:43] {dptl} ty lltc +.10...+.20
[09:44] {Threei} welcome
[09:44] {lumdus} just having a hard time scalping today.
[09:44] {magoo} out LLTC TY vad
[09:44] {Threei} :)
[09:44] {dino} sm l crzo .00
[09:45] {lumdus} stop lltc 31.53
[09:45] {lumdus} can't get myself to sell anyting yet.
[09:46] {lumdus} out lltc 31.65 thank you vad
[09:47] {Threei} JBHT small shares long with stop under .40
[09:48] {Threei} no worky
[09:49] {curtisweese} aapl is a big buy right now looks like
[09:49] {curtisweese} nev mind...jumped
[09:49] {magoo} maybe RIMM bounce
[09:49] {lumdus} curtis i got stopped out .42
[09:50] {curtisweese} you were still holding? i already bought and sold twice...lol
[09:50] {magoo} lum, on AAPL?
[09:50] {lumdus} yes magoo
[09:50] {Threei} BSC JP MORGAN ANNOUNCING A REVISED MERGER AGREEMENT
[09:50] {lumdus} aapl crap !
[09:50] {magoo} 12 vbux a share
[09:51] {magoo} guess
[09:51] {lumdus} so does that mean bsc will start trading soon higher or lower ?
[09:51] {magoo} on CNBC now
[09:51] {Threei} AGREEMENT FOR JPM TO PURCHASE 39.5% OF BSC
[09:52] {curtisweese} out aapl again.....gonna buy back in if it dips down to .40
[09:52] {Threei} VLNC broker Fri high
[09:52] {curtisweese} nice!
[09:53] {Threei} broke
[09:54] {lumdus} vlnc was 1.50 on jan 08 and now 4.60
[09:54] {curtisweese} waiting for aapl drop here for a buy for me.....40
[09:54] {Threei} called it as a swing trade twice
[09:55] {Threei} details are coming in
[09:55] {Threei} - Under the revised terms, each share of Bear Stearns common stock would be exchanged for 0.21753 shares of JPMorgan Chase common stock (up from 0.05473 shares), reflecting an implied value of approximately $10 per share of Bear Stearns common stock based on the closing price of JPMorgan Chase common stock on the New York Stock Exchange on March 20, 2008.
[09:55] {Threei} - The Federal Reserve Bank of New York''s $30B special financing associated with the transaction has also been amended so that JPMorgan Chase will bear the first $1B of any losses associated with the Bear Stearns assets being financed and the Fed will fund the remaining $29B on a non-recourse basis to JPMorgan Chase.
[09:56] {curtisweese} l aapl 134.50 stop 134.18 or so for me
[09:56] {Threei} - CEO: "We believe the amended terms are fair to all sides and reflect the value and risks of the Bear Stearns franchise, and bring more certainty for our respective shareholders, clients, and the marketplace. We look forward to a prompt closing and being able to operate as one company."
[09:57] {curtisweese} here it goes :)
[09:57] {curtisweese} or not
[09:59] {Threei} LULU small shares long .50, stop under .25
[09:59] {magoo} OOOYYYYYYY
[10:00] {Threei} BSC open
[10:00] {Threei} *FEB EXISTING HOME SALES: 5.03M V 4.85ME
[10:00] {curtisweese} nice lum, you were holding lower than 10 right?
[10:01] {curtisweese} moved aapl stop up to 134.60.....break hod...come on!!!
[10:01] {lumdus} done with bsc
[10:01] {curtisweese} break 135...goooooooooooo
[10:02] {curtisweese} raised stop on aapl to 134.90
[10:02] {Threei} MF
[10:02] {Threei} HEARING POSITIVE CHATTER CIRCULATING
[10:03] {curtisweese} aapl stop raised to 135.20
[10:03] {Threei} LULU hit 1:1
[10:03] {Threei} MF - Chatter surrounds possible refinancing for $1B bridge loan from Morgan Stanley
[10:03] {magoo} what entry LULU u get?
[10:03] {Threei} .40
[10:04] {Threei} even though send arder at .50
[10:04] {dptl} out lulu+.30 ty
[10:04] {Threei} there was hidden order obviously
[10:04] {dino} all is right in the world again
[10:04] {Threei} welcome dp
[10:04] {Threei} LULU 1:3
[10:05] {curtisweese} aapl stop to 135.30
[10:05] {Threei} MF moved
[10:05] {curtisweese} .40
[10:06] {curtisweese} out aapl made $.90
[10:07] {Threei} nice
[10:07] {curtisweese} 2x goal for today.....hmmmm....last time i lost after being up 2x as i didn't quit....need to re-evaluate
[10:08] {bruce} su looks like long candidagte to me dino
[10:09] {Threei} curtis
[10:09] {Threei} here is suggestion for you
[10:09] {Threei} put a trailing stop on your account
[10:09] {Threei} let's say at the goal level
[10:09] {Threei} and trade half of your usual shares from now on,
[10:09] {Threei} if fall back to 1 x goal, stop trading for the day
[10:10] {curtisweese} hmmm...okay....yeah...that is a good plan....i need the discipline to not give it back!
[10:10] {Threei} you trade for profits, so protect them
[10:11] {dino} exactlllllyyyyyy
[10:12] {Threei} and if you trade for excitement, I'd suggest to think of alternative source for that so market remains what it should be - source of profit
[10:12] {Threei} GRMN buyout chatter
[10:12] {Threei} who would possibly buy it
[10:12] {GeoArb} nokia
[10:12] {dino} i would
[10:13] {Threei} have a look at BSC
[10:14] {Threei} game is not over it seems
[10:14] {curtisweese} man, i got out of aapl, way too early.....sigh
[10:15] {dino} out crzo .99, +.99, ty bruce
[10:15] {bruce} welcome dino
[10:15] {curtisweese} s aapl 136.34 scalp and then buy back coming...lol
[10:16] {curtisweese} out aapl short made .19
[10:16] {curtisweese} jeez, what is up with msft?
[10:18] {Threei} BSC, any bet on what the next offer is going to be at?
[10:18] {Threei} new 52 week highs VLNC
[10:19] {magoo} [09:51] {magoo} 12 vbux a share
[10:19] {magoo} [09:51] {magoo} guess
[10:19] {magoo} [09:51] {lumdus} so does
[10:19] {curtisweese} msft DOWN today?
[10:20] {Threei} doesn't look cheerful, MSFT
[10:20] {Threei} lol BSC
[10:21] {curtisweese} s aapl 136.29
[10:22] {curtisweese} out aapl short made $.26
[10:22] {Threei} 12 is behind mags... next guess? :)
[10:23] {Threei} I mean 13 is behind
[10:23] {Threei} I mean... ah never mind
[10:24] {magoo} i can't believe its avail short
[10:24] {Threei} I can't believe anything happening with it
[10:25] {curtisweese} do we buy bsc and get another 2% or something?
[10:25] {curtisweese} or do we lose $2?
[10:25] {Threei} I have no idea
[10:25] {curtisweese} seems crazy
[10:25] {Threei} this is not a stock trading with any kind of readability
[10:26] {Chaeron} GM all
[10:26] {Threei} chaeron :)
[10:27] {magoo} chaer:)
[10:27] {curtisweese} s aapl 137.54
[10:30] {bruce} mon short dino?
[10:30] {curtisweese} out aapl short....lost .08
[10:32] {cosmo} IDCC@23
[10:32] {cosmo} lets see...
[10:33] {Threei} if you for some wierd reason are interested inj BSC, moment to try it for bounce is somewhere here
[10:33] {dino} mon yes, just where? .84ish
[10:34] {bruce} yes - probably
[10:34] {bruce} fxp possible long bounce near here dino
[10:35] {curtisweese} s aapl 138.45 entry....
[10:35] {magoo} TY vad, ouit .54 + .30
[10:35] {Threei} wtg
[10:35] {dino} ultrashort fund fxp careful
[10:35] {curtisweese} out aapl short made. $.41
[10:36] {dino} another 85 pts and have to go short everything
[10:36] {curtisweese} jeez aapl has gone straight up today
[10:37] {magoo} rimm too
[10:38] {dino} fcsx l .04 sm
[10:39] {dino} missed mon
[10:40] {Threei} MBI FITCH COMMENTS ON RATINGS, MAINTAINS IFS DEBT RATINGS FOR 'FORESEEABLE FUTURE'
[10:41] {bruce} your 84 entry woulda been prefect in mon
[10:42] {cosmo} IDCC gonna test..
[10:43] {dino} y, i'm an idiot
[10:43] {dino} waiting at .80
[10:43] {Threei} BVF
[10:43] {Threei} SEC CHARGES BIOVAIL CORP, EXECUTIVES WITH ACCOUNTING FRAUD
[10:45] {bruce} I missed it too - too keyes off it too long
[10:46] {dino} bvf s .99 sm wide, risky
[10:46] {Threei} that's a wierdly huge bounce for such news
[10:46] {Threei} something's not right
[10:47] {dino} saying the same to magoo
[10:47] {dino} should lose 3 bucks
[10:47] {curtisweese} s aapl 137.71 entry for me
[10:47] {dino} settles 10 million
[10:48] {Threei} SETTLES FOR $10M
- SEC: Overstated earnings and hid losses.
[10:48] {Threei} - Former CEO is charged, four executives charged.
[10:50] {curtisweese} die aapl...just for a bit
[10:53] {curtisweese} out aapl short lost .08
[10:54] {Threei} BSC new round of insanity comes it seems
[10:54] {curtisweese} omg...i got out of that short barely too early...crap
[10:56] {dino} fcsx stopped -.32
[10:56] {bruce} yes - sorry dino
[10:57] {lumdus} vad, actually i think anybody who didn't buy 3 - 4 is insane. did anybody really thing that bsc sharholder where going to ok a $2.00 buyout ? of course not - it was pure emotianal from some low baller at jp.
[10:57] {magoo} vad, u not reading RIMM or AApL today??
[10:58] {GeoArb} i guess its a risk apetite thing
[10:58] {bruce} fxp looking long to me now dino - trying to decide where entry would be
[10:59] {curtisweese} l aapl 137.69 stop 137.45
[11:03] {curtisweese} out aapl made $.10
[11:03] {magoo} i still say your commission gotta be killing u curtis
[11:04] {dino} break of .50 my guess
[11:04] {bruce} looks right to me dino - thinking it may back off to 104 even and might be good try there if it does
[11:05] {dino} there it is
[11:05] {Threei} not so far' on RIMM/AAPL mags
[11:06] {bruce} in l 104 25 c stop
[11:08] {curtisweese} i only pay about $7 in and $7 out...doesn't matter how many shares
[11:09] {dino} bvf stopped -.23
[11:11] {dino} sm fwlt s .55
[11:14] {curtisweese} l aapl 138.31 entry tight stop
[11:19] {curtisweese} out made .06
[11:19] {dino} sm s schn .10
[11:19] {bruce} out fxp flat
[11:21] {dino} fwlt bstrop to .15
[11:22] {dino} cov fwlt .12, +.43
[11:24] {Threei} [10:54] {Threei} BSC new round of insanity comes it seems
[11:24] {Threei} insanity it is
[11:25] {Threei} LULU
[11:25] {Threei} another break for small shares .50
[11:26] {Threei} stop under .30
[11:26] {magoo} in
[11:30] {dptl} out lulu+.30 ty
[11:30] {Threei} welcome
[11:31] {Threei} BSC 13 coming?
[11:32] {dino} schn stopped -.47
[11:33] {magoo} ouit LULU TY + .24
[11:33] {curtisweese} lol...i figured we'd be able to get 1 or 2% if we bought in earlier...downside risk was $2 though which is huge
[11:34] {Threei} {BSC} 13? what makes you think I am so cheap?
[11:35] {GeoArb} i am kiling it on trailing on sim
[11:35] {GeoArb} i just wish it wasnt sim :)
[11:36] {GeoArb} i mean sim on rimm
[11:37] {GeoArb} i am coming to the conclusion its better to trade 100 real than sim
[11:37] {GeoArb} i become a sim cowboy
[11:37] {Threei} there is time for everything Geo
[11:37] {Threei} follow the MPP process
[11:37] {GeoArb} darn :)
[11:38] {Threei} it answers the question when to switch to small shares,
[11:38] {Threei} when to start increasing the amount
[11:38] {GeoArb} yeah
[11:38] {GeoArb} i am not increasing it yet
[11:38] {Threei} if you went through the step, why stay with it
[11:38] {GeoArb} its just i am trying out a new platform so switched to sim
[11:39] {GeoArb} and found i take a lot of risks on sim hehe
[11:39] {bruce} eqix possible short dino
[11:39] {curtisweese} l msft 29.18 entry gonna start catching up with market now! I hope i hope lol
[11:41] {curtisweese} msft doesn't like me :(
[11:44] {dino} wow eqix
[11:45] {bruce} yes - big hop - got stopped attempting to short
[11:46] {Threei} BSC took 13 and not stopping
[11:47] {Threei} LULU solidly over 1:1, if anyone is still in, be careful here
[11:50] {Threei} this must be the wierdest takeover in history
[11:50] {Threei} BSC I mean
[11:50] {curtisweese} this is the siri merger...crazy
[11:50] {bruce} eqix may be ready to fade now
[11:50] {curtisweese} they should merge siri and bsc
[11:50] {curtisweese} lol
[11:51] {Threei} that's a tough one
[11:51] {Threei} try to determine the price, lol
[11:51] {Threei} and JPM is likely to take over XMSR in that case?
[11:51] {curtisweese} BSC could collateralize their loans with the air in the airwaves
[11:52] {Threei} S&P RASIES RATING ON BEAR STERNS TO AA- TAKEN OF WATCH LIST
[11:52] {Threei} as if there was not enough confusion as it stood
[11:54] {dino} wanted one more spike bruce
[11:55] {dptl} so..in simple words,can anyone explain me what proshares are?please
[11:55] {dino} etf's
[11:56] {dptl} so it' the same like ndx
[11:56] {dptl} or qqqq
[11:57] {bruce} k dino
[11:57] {curtisweese} double down on msft at 29.10 average cost 29.14 now
[11:57] {dptl} so what is ultra short proshares?
[11:57] {dino} but, i think they use options to "juice" it, usually 2x the move
[11:58] {curtisweese} come on msft...go positive....grrrrrr
[11:58] {dino} eqix sm s .35
[11:59] {bruce} dino - eev possible long- thin
[11:59] {curtisweese} there it goes! run forrest...i mean msft run.....just give me a scalp and i will love you
[12:00] {dino} hmmm dk
[12:00] {dino} iesc?
[12:03] {bruce} yes - iesc looks short- prefer to see it show some weakness
[12:04] {bruce} you still short eqix - looks like it watns more long
[12:05] {dino} y unbfortunately
[12:05] {dino} going to hit my stop
[12:05] {dino} stopped
[12:06] {bruce} sorry - sucks - stopped me too
[12:06] {curtisweese} Curtis has been taken off the watch list.....quit watchin me!
[12:07] {bruce} dxd long on .20 break?
[12:07] {curtisweese} jeez etfc
[12:07] {bruce} forget it - hasn't dropped far enough
[12:08] {dino} ultra short
[12:08] {curtisweese} short bsc? deal gonna close april 8th they say?!!!
[12:08] {dino} dow 30
[12:09] {bruce} k
[12:10] {bruce} fxp may be worth another try long
[12:10] {dino} magoo's killing my diet, he just had chili dogs delivered
[12:10] {bruce} ah shame
[12:11] {bruce} you can always them them down dino
[12:11] {curtisweese} there bsc drops...crap...knew it
[12:11] {bruce} and just watch mags eat em
[12:12] {dino} i can't resist today
[12:13] {magoo} the paulie pak
[12:15] {bruce} personally - I can resist anything except temptation
[12:15] {dino} iesc s .02
[12:17] {curtisweese} finally microsoft gets postive for the day again...jeez!!!! killin me
[12:18] {curtisweese} now if it can just get up 2.88% with the rest of the market...come on!!!
[12:30] {curtisweese} why didn't i just buy aapl and sit on it with a trailing stop....waaaaaa
[12:30] * dptl slaps ThurstonHowellTheThird around a bit with a large trout
[12:30] {dptl} .
[12:36] {dino} sm l fmcn .00
[12:37] {dptl} wierd....slaped Thurston and computer got frozen..
[12:39] {Threei} universe's payback
[12:40] {dptl} looks like:)
[12:40] {bruce} fmcn sto-p at .65 orso dino?
[12:41] {bruce} he's got professor in his corner dp
[12:42] {dino} y
[12:43] {curtisweese} talking heads are pumping rimm right now
[12:44] {Threei} btw guys, follow-up to previous post:
[12:44] {Threei} http://www.realitytrader.com/blog/2008/03/can-you-afford-to-be-wrong-for-too-long.html
[12:44] {Threei} leave RIMM alone until it consolidates and breaks 112, and go read it
[12:47] {Threei} RIMM becomes good candidate if breaks while holdin'g above .70
[12:48] {magoo} 12 trigger?
[12:48] {Threei} 112
[12:51] {curtisweese} yay...msft is going to break HOD...come on! make me look smart
[12:52] {Threei} lol
[12:52] {Threei} curtis, when you are done with MSFT dcc me please
[12:52] {curtisweese} doh!!! it hit it and bounced off like a rubber ball :(
[12:52] {Threei} ah come on RIMM, trigger already
[12:53] {curtisweese} i break HOD, you break 112...deao
[12:53] {curtisweese} deal i mean
[12:53] {Threei} and don't forget to go to 113 when you do
[12:53] {Threei} 114 won't offend me either
[12:53] {Chaeron} (120)
[12:53] {Threei} that will be rather rude
[12:53] {Threei} since there is no way I would be able to keep it for that long :)
[12:54] {dino} stopped fmcn
[12:54] {Chaeron} shoot
[12:54] {bruce} yes - same dino
[12:54] {Threei} yeah, invalidated for now
[12:55] {bruce} fmcn may bounce long near here
[12:56] {dino} maybe
[12:56] {curtisweese} vad, will you look at msft...should i get out now? i doubled down at 29.10 so my average is about 29.15 at the moment.....it is at top now, so confused on what to ...hahah..i'm usually at bottom
[12:56] {Threei} you know what
[12:56] {curtisweese} my stop is now 29.22
[12:56] {Threei} doubling down is so bad thing to do,
[12:57] {curtisweese} well..there were other reasons
[12:57] {Threei} bounce that makes you even or profitable must be taken as a gift
[12:57] {Threei} and taekn with gratitude
[12:57] {curtisweese} good point
[12:57] {Threei} no matter what happens next
[12:57] {Threei} in overwhelming majority of cases averaging down is getting punished
[12:59] {Threei} curtis, dcc please
[13:00] {bruce} iesc may be short try again
[13:00] {bruce} eqix too dino
[13:00] {curtisweese} threei, i tried, but i'm doing it wrong i guess. click on your name, then dcc then...?
[13:00] {Threei} just doubleclick on my name
[13:01] {Threei} window will pop up
[13:01] {Threei} type in it
[13:05] {patience} gm RT :) Bruce, when you have a moment, please dcc
[13:05] {dino} most likely bruce, i'm just getting rinsed all day
[13:06] {dino} look fmcn now, sheesh
[13:06] {dino} brb
[13:07] {bruce} yes - watching - moved enough to stup us then continue
[13:07] {curtisweese} okay, back from my dcc where threei taught me the secrets of the market
[13:09] {curtisweese} market wants to go higher still?! wow
[13:10] {Threei} hard to say here
[13:10] {Threei} hesitates
[13:16] {Threei} guys, who is using laser,
[13:16] {Threei} have a look at V daily please
[13:16] {magoo} me
[13:17] {Threei} do you see crazy spike on its first day or your daily is normal?
[13:17] {Chaeron} normal
[13:17] {magoo} norm
[13:17] {Threei} hmmm... just me then
[13:17] {Threei} ty
[13:17] {judijim} we use laser also
[13:17] {Chaeron} even tho when I scroll over it it shows a hi of 199,000
[13:18] {Chaeron} that was my buy
[13:18] {Chaeron} :)
[13:18] {Threei} lol
[13:18] {curtisweese} lol!!
[13:18] {Laserdave1} yoru buy?
[13:18] {Chaeron} only 100shares... it's ok
[13:18] {Laserdave1} it was my sell
[13:18] {Chaeron} great job Dave :)
[13:18] {Laserdave1} why ty:)
[13:23] {Threei} BSC, 50/50 trade:
[13:24] {Threei} .99 short, .11 stop
[13:24] {Threei} only if you feel like going for coin toss
[13:24] {dino} iesc you were right bruce
[13:24] {curtisweese} you didn't short up around 13 because it was risky to keep going up at that point?
[13:25] {Threei} just didn't see any setup, and it was scorching hot
[13:26] {Threei} calmed down a bit now... still can pick up the pace, but stop is tight enough here
[13:26] {bruce} yes - hope you got it
[13:28] {Threei} invalidated
[13:32] {Threei} meaningless wandering within a channel... rather a scalp from low to high and back than breakout/breakdown at this point
[13:33] {Threei} we had a very good morning, no need to press now
[13:34] {Threei} keeping an eye on ESLR
[13:34] {Threei} no firm idea of a trade yet
[13:37] {curtisweese} bsc down at 12 again
[13:47] {curtisweese} my stop on msft is at 29.25...don't hit it!!! lol
[13:56] {magoo} vad, AAPL & RIMM
[13:57] {Threei} no read on either mags
[13:59] {Threei} RIMM needs 112 broken to become frenzied player again
[14:00] {Threei} but it's way too far from there
[14:00] {Threei} if market spikes, can take it aggressively of course
[14:00] {Threei} 60 break...
[14:00] {Threei} if holding above .40
[14:01] {Threei} so-so play, honestly
[14:01] {Threei} BSC however... picks up pace again
[14:03] {Threei} good thing RIMM invalidated
[14:03] {Threei} I would be fighting myself to take that trade
[14:04] {dino} eqix s break of .50
[14:06] {dino} infn sm s .70
[14:11] {judijim} what about amzn if hits 77.00
[14:11] {curtisweese} doh my stop is in jeopardy at 29.25....hold on bill hold on
[14:13] {judijim} forget amzn, we were watching:(
[14:17] {Threei} way too far from there, AMZN
[14:31] {Threei} watching GILD
[14:32] {Threei} .94 long if stays above .80
[14:39] {curtisweese} back!
[14:40] {curtisweese} ohhh.....bill has his company at the HOD, but can he break it.....stay tuned for scenes from next week's episode
[14:40] {curtisweese} i'm trying not to trade so much, but i'm just bored now :(
[14:41] {Threei} uh oh
[14:41] {Threei} bored curtis - that's something to be scared of
[14:41] {lumdus} curtis, better to be a bored rich man that a poor active man. In short, don't trade because you are bored. Go pick on your wife instead ..
[14:42] {curtisweese} hahhaah......look at msft....i should unload probably here....hmmmmm....i have held it for hours
[14:42] {bruce} hmm vad - that doesn't sound like a winningstrategy either
[14:42] {bruce} how about fighting w neighbour?
[14:42] {Threei} neither does kicking your cat
[14:43] {curtisweese} i have two cats! here kitty kitty...help me break the HOD
[14:43] {Threei} and I would take great offense on behalf of cat
[14:44] {dino} lol lum
[14:44] {curtisweese} woot! got it finally...now what....lol i just want msft to be up half as much as nasdaq :(
[14:44] {curtisweese} i mean percentagewise, not pointwise
[14:45] {Threei} points would be even better
[14:45] {curtisweese} hahah...moved my stop up to .29....lockin in profits Vaddy-D style!
[14:46] {Threei} lock'em da profits
[14:46] {Threei} da profits are to be locked
[14:48] {curtisweese} that BSC short would have been nice at 12 :(
[14:48] {curtisweese} prolly still nice at 11.73, but i'm chicken
[14:49] {Threei} it went to 12.50 before triggering
[14:49] {Threei} where would you place a stop...
[14:49] {curtisweese} losing like 20k
[14:50] {Threei} WM
[14:50] {Threei} S&P RAISES O/C LEVEL FOR WAMU'S COVERD BOND AAA RATINGS, AFIRMS RATING
[14:51] {Threei} uh oh
[14:51] {Threei} RIMM
[14:51] {Threei} JIM CRAMER MAKING POSITIVE COMMENTS ON THE STOCK - CNBC- Suggests buying stock ahead of next weeks earnings report.
[14:51] {Chaeron} oi
[14:51] {Threei} oy it is
[14:51] {lumdus} did jim cramer suggest to buy BSC ?
[14:51] {Threei} if history is any indication... RIMM goes to 60 {G}
[14:51] {Threei} yes lum...
[14:52] {curtisweese} stopped out of msft made $.18 sheesh that took awhile
[14:52] {Threei} beter than poke in the eye
[14:54] {Threei} GILD invalidated
[14:55] {Threei} breakout on daily remains very attractrively looking, hopefully finishes close to high today and lets us in tomorrow
[14:55] {curtisweese} s aapl super tight stop
[14:58] {curtisweese} out aapl short made $.12
[14:59] {curtisweese} omg...out a second too early again...jeez
[15:03] {bruce} xmsr spike
[15:03] {Threei} XMSR
[15:03] {Threei} SIRI merger approval
[15:05] {Threei} XMSR/SIRI RECEIVES U.S. ANTITRUST APPROVAL; DOJ FINDS NO EVIDENCE OF HARM TO COMPETITION- deal still needs FCC approva
[15:05] {dino} cov eqix .00, +.50
[15:09] {curtisweese} s aapl 139.42 tight stop
[15:09] {curtisweese} out lost .13
[15:09] {Threei} SIRI practically baack into support
[15:10] {Threei} traded at 3 before news
[15:10] {Threei} looks scalpable with 2.95 stop
[15:11] {patience} bruce, please see dcc
[15:13] {judijim} for us had + day, see u earlier tomorrow!
[15:14] {Threei} SAIRI 1:1 if you took .08
[15:14] {Threei} take care judijim, good job
[15:14] {Threei} can I call you jj?
[15:14] {judijim} yes
[15:14] {Threei} ty
[15:15] {Threei} (my is lazy typist... lousy too)
[15:15] {Chaeron} true dat
[15:15] {Threei} and abbreviation dj jj looks so cute to me
[15:15] {Threei} sorry, meant: gj jj
[15:15] {Chaeron} "cute" .......... ?
[15:15] {Threei} proof of concept re: lousy typist
[15:16] {Threei} try to say it chaeron
[15:16] {Threei} rolls of the tongue
[15:18] {curtisweese} s nvda?
[15:18] {Threei} not much indication either way
[15:20] {bruce} taking break
[15:25] {curtisweese} what about SIRI here at 3.07 ??
[15:25] {Threei} I don't like that it returned into this support again
[15:26] {Threei} it weas easy play first time around
[15:26] {Threei} coin toss this time
[15:27] {Threei} play to my liking would have been if it bottommed out at .15 and broke .21
[15:27] {curtisweese} looks like you are right
[15:28] {Threei} can you hear the scream of 3.89 buyer?
[15:28] {curtisweese} lol...yeah
[15:28] {Threei} market order on news...
[15:28] {curtisweese} crazy that they get past a big hurdle with merger and then it dives
[15:29] {curtisweese} here it goes again up.....hmmmm
[15:29] {Threei} dunno... I won't touch it
[15:30] {lumdus} curtis i have no analysis in my column today of bsc. unfortunately i got out at 10.00 instead of 13.85 but hey a good 7.00 is always a pleasure
[15:30] {curtisweese} yeah...i'd say you did alright!
[15:30] {Threei} pleasure?
[15:30] {Threei} that's understatement of the century
[15:31] {Threei} ecstatic joy is more like it, and even that is not reflective enough
[15:31] {lumdus} vad, i have to admit it. I was very nervous all weekend. went through at least 10 advils. wasn't easy at all. But it was well worth every single penny.. I couldn't trade today in my regular account since i maxed out with a margin call on my bsc shares.
[15:32] {Threei} what can I say... all is well that ends well
[15:32] {lumdus} had to use my charles schwab account using street pro crap
[15:32] {curtisweese} wow....you made a killing though....take a break for sure!
[15:33] {lumdus} always looking for the next killing.
[15:36] {dptl} i had uneasy weekend too....bearly sober for three days:)
[15:37] {Threei} meaning, tough hangover?
[15:37] {lumdus} i tried that on friday, wasn't too easy.
[15:37] {dptl} yep...lol
[15:37] {Threei} told ya bathtub vodka no good for your health
[15:38] {dptl} lol
[15:39] {Threei} .15 - .21 setup is back on SIRI
[15:43] {Chaeron} SIRI teasing us
[15:43] {dptl} 17 min left...
[15:44] {Threei} TILL YOUR NEXT SHOT DP? {g}
[15:44] {Threei} sorry caps
[15:44] {dptl} roflol......having beer.....
[15:44] {Threei} yeah... don't drink and trade
[15:45] {Chaeron} so even tho he's on his 7th beer, that doesn't count?
[15:45] {Threei} it doesn't, simply because he can't count after 5th
[15:46] {Chaeron} heheheh
[15:46] {dptl} lol
[15:46] {curtisweese} l aapl 139 super tight stop...just an end of day try and trade
[15:47] {Threei} XMSR trying to break 14, should help SIRI is does
[15:47] {curtisweese} nice....that will get me closer to my entry at 3.89
[15:48] {curtisweese} just kiddin
[15:48] {Threei} lol
[15:49] {Threei} come on XMSR... on behalf of buyer above 15, could you at least break 14?
[15:49] {curtisweese} stopped out .12
[15:50] {Threei} who still hasn't read last two blog posts, you better do it after close today
[15:50] {Threei} or else
[15:52] {Threei} wow... I successfully scared everyone
[15:52] {dptl} have a good evening all....ty. Vad... good day today:)
[15:53] {Threei} take care dp, Alka Zeltzer is your destiny today :)
[15:53] {dptl} :)
[15:53] {Threei} and no, it's not a female neighbour's name
[15:53] {curtisweese} weird that msft didnt move anywhere today
[15:54] {dptl} ooo good to know...:)
[15:55] {curtisweese} jeez i set my stop barely too tight on that last aapl trade.....it hit and executed and then stock goes up.....70
[15:55] {curtisweese} i think i sold at the low...sweeeeeet
[15:58] {Threei} Ok guys, good day today, which is not foten happens on Mondays
[15:58] {Threei} thank you all
[15:58] {Threei} have a good evening, see you tomorrow
[16:01] {dino} take care all
