March 3, 2008
Session Time: Mon Mar 03 00:00:00 2008
[08:32] {Threei} OPEC MAY DISCUSS MODEST OUTPUT INCREASE OF 500K BPD TO CALM PRICES, BUT MANY IN OPEC FAVOR NO CHANGE - WIRE CITES OPEC SOURCE
[08:33] {Threei} FED'S PLOSSER: RATE CUT REVERSAL WHEN MARKET IS STABILIZED
- Market turmoil will restrain growth
[08:33] {Threei} - Notes the Fed has rightly deviated from rule-based policies noting the Fed in time of extraordinary circumstances
[08:33] {Threei} - Says the devaiation must be short lived given price mandate
[08:34] {cosmo} omg
[08:35] {magoo} morning
[08:35] {Threei} good morning
[08:35] {cosmo} jimmy rogers cashed out ...sold his bike ...moved to the south seas
[08:38] {magoo} vad, do we have to physically do any setup changes in laser this morning, the replacement inet
[08:38] {Threei} not so far, but I am keeping an eye on it
[08:39] {Threei} wording left couple questions about whether it's all "under the hood"
[08:39] {magoo} ok, you'll let us know, caus i "don't RTFM lol
[08:39] {Threei} I know :)
[08:46] {cosmo} FRPT needs to hold 3.50 imo
[09:04] {esemde} good morning lads and Lassies.....warren buffet speaks aka god.......
[09:06] {magoo} hey vad, i know we are to wait and see..but u have a good feel for whats setting up i have found
[09:07] {esemde} whats the news with FRPT cos?
[09:07] {Threei} ese :)
[09:07] {magoo} that said, to obvious to sell hard? or a sell hard is coming soon {esp. with asia pounded} just your thoughts for today
[09:07] {esemde} buffet....parties over for insurance companies
[09:07] {Threei} magoo... I am curently opereating on the asumptyion that we are to see selling pressure day
[09:08] {Threei} of course I am ready to change this notion if market shows otherwise
[09:08] {Threei} I am not clinging to my opinions
[09:08] {magoo} yeah..i beieve we were 4 days up mon thru thirs. ..down friday
[09:08] {Threei} but one gotta start somewhere
[09:09] {Threei} and my current mindset is:
[09:09] {Threei} we are in a serious bear market,
[09:09] {magoo} thats what i wanted to know
[09:09] {Threei} it was kept up for a while bu extrenal forces,
[09:09] {Threei} bu = by
[09:09] {Threei} but they can do it just for so long,
[09:09] {Threei} then relaity sets in.
[09:10] {Threei} Whether it's time for gravity to take over, remains to be seen, but so far everything points to that
[09:11] {dptl} good morning all
[09:11] {Threei} dp :)
[09:18] {magoo} so we should keep eye on stocks up big from recent bounce
[09:19] {magoo} CNBC talking retest of lows..but hey...that means rally lol
[09:22] {ThurstonHowellTheThird} good morning everyone
[09:22] {Threei} morning THTT
[09:28] {Threei} FED'S PLOSSER SAYS INFLATION SHOWING UP IN MORE AND MORE ITEMS, DOES NOT THINK WE ARE NEAR STAGFLATION YET
- Reiterates that FX rates are hard to forecast
[09:28] {Threei} - Says housing prices should stabilize during 2008
[09:28] {lumdus} good morning all. vad, you friends at the fed speaking today ?
[09:28] {Threei} hi lum
[09:28] {Threei} they seem to be speaking always
[09:28] {Threei} I start wondering whether they get paid by word count
[09:31] {Threei} watching AAPl for short
[09:31] {Threei} 125.05 stop so far
[09:31] {Threei} broke, no short for now
[09:32] {Threei} OK, it's time
[09:32] {Threei} first weakness from here
[09:33] {Threei} in .75
[09:33] {Threei} stop .90
[09:33] {GEOARB} GM
[09:33] {Threei} hi geoarb, welcome to the room
[09:34] {lumdus} out aapl .33
[09:34] {lumdus} tx vad
[09:34] {Threei} covering AAPL too
[09:34] {magoo} me too nice vad
[09:34] {Threei} welcome guys, gotta be quick on these morning moves
[09:34] {Threei} they have potential to hurt if you oversit them
[09:35] {Threei} one stock that bothers me: COIN
[09:35] {lumdus} your obessed with it. get it off your screen
[09:36] {Threei} you'll cry when it makes new 52 weeks highs :)
[09:36] {esemde} watching MRVL....
[09:36] {Threei} market sharp drop
[09:37] {Threei} AAPL did follow but not too deep
[09:37] {Threei} hate to say it, but it can be long on 126 break down the road if consolidates a bit near that resistance
[09:38] {esemde} damnnnn....looked away for 1 sec....
[09:38] {lumdus} in mf 18.62
[09:38] {esemde} man that was fast MRVL
[09:38] {Threei} this is "no blinking allowed" market ese... :)
[09:38] {dptl} grabed 10c mrvl ty Ese
[09:38] {esemde} crap!!.....and I was onto it tooo
[09:39] {esemde} nice one dp
[09:39] {Threei} can you believe VLNC?
[09:40] * magoo slaps Threei around a bit with a large trout
[09:41] {magoo} hard sell here
[09:41] {Threei} NVDA
[09:41] {Threei} .24 short
[09:41] {Threei} .35 stop
[09:42] {Threei} broke down a bit too fast
[09:42] {Threei} I dpn't think it gave a chance for entry
[09:42] {esemde} nas just dumped
[09:42] {lumdus} stop on mf 18.49
[09:42] {Threei} don't chase NVDA, let it bounce
[09:43] {magoo} man, look at rimm chart vad
[09:44] {Threei} wierd phenomenon in today's market: ERTS
[09:44] {Threei} see if it pulls back into .40 or so, it's a pullback entry for long
[09:45] {Threei} RIMM got pulled by gravity...
[09:45] {Threei} was better short... oh well
[09:45] {magoo} bouncer somehere possible
[09:46] {magoo} sigh..1 pt bounce
[09:46] {magoo} not in
[09:46] {lumdus} short timm
[09:46] {lumdus} stop 101.36
[09:47] {lumdus} covering rimm
[09:47] {lumdus} 100.53 + .66
[09:47] {lumdus} tx for the heads up folks
[09:47] {Threei} good one lum, you are in the zone
[09:47] {magoo} nice lum
[09:48] {lumdus} yeah, double coffe today. i am good untill 10:30 or so
[09:48] {Threei} NASDAQ is about to drop once again
[09:48] {Threei} who got NVDA at this bounce, stop .31
[09:49] {Threei} NQ quick dive and jump... hard to tell which one is a headfake
[09:50] {Threei} keeping tight stops on any trade so far
[09:50] {magoo} u liking ERTS here? boy..don't like longs at moment
[09:50] {Threei} want to be safe until major direction is defined
[09:50] {magoo} popped from .45 as typed
[09:50] {Threei} not for breakout mags
[09:50] {Threei} pullback entry
[09:51] {Threei} it went as low as .43
[09:51] {magoo} yeah..was .45 as typed
[09:51] {Threei} if you got it closer to .40 perfect
[09:51] {Threei} keep stop under .40
[09:51] {Threei} but no chasing
[09:51] {magoo} missed
[09:51] {esemde} watching JRJC to short....1/2 lot
[09:52] {bruce} s nvda .26
[09:52] {magoo} arca issues guys, route elsewhere alert
[09:53] {magoo} vad, how about sh nvda somewhere up here?
[09:53] {Threei} if reverses without breaking .30, sure
[09:54] {Threei} how to resist such a tight stop? :)
[09:54] {Threei} it's worth consideration on risk alone
[09:54] {magoo} one day we gonna discuss that
[09:54] {magoo} not now
[09:54] {Threei} anytime you want
[09:54] {Threei} 'xcept weekends
[09:55] {Threei} ERTS gave second chance for entry
[09:55] {magoo} ill fly out over weekend
[09:56] {Threei} long ERTS, short NVDA... I feel fully hedged
[09:56] {Threei} and if I get stopped on both, I better don't come out of the house today, bricks are garanteed to drop from the sky
[09:57] {magoo} i took neither..feeling inadequate
[09:58] {magoo} ok, sh .21 nvda
[10:00] {Threei} JAN CONSTRUCTION SPENDING: -1.7% V -0.7%E
[10:00] {lumdus} out mf 19.55 + $1.10
[10:00] {Threei} *FEB ISM MANUFACTURING: 48.3 V 48.0E; PRICES PAID 75.5 V 73.0E
[10:01] {Threei} half out ERTS
[10:01] {lumdus} damm, should have held mf more. crap !!!
[10:01] {Threei} +.28
[10:01] {magoo} stopped nvda
[10:01] {Threei} stopped NVDA
[10:01] {Threei} US TREASURY'S PAULSON: TAXPAYER FUNDED HOUSING RESCUE IDEAS WOULD DO MORE HARM THAN GOOD
[10:02] {Threei} one more jump please ERTS
[10:02] {lumdus} vad, should i re-enter mf ?
[10:02] {esemde} JRJC...invalidated for a short...
[10:02] {Threei} I wouldn't lum
[10:02] {lumdus} ok. i'll be happy for now.
[10:03] {Threei} out ERTS in full
[10:03] {Threei} +.44
[10:04] {bruce} rimm looking like a long
[10:05] {Threei} if market ramps up again, RIMM's structure will be .60 long
[10:05] {Threei} astop under .30
[10:06] {esemde} OK i need somebody to take a look at a 15min chart of BRKR....and fire an opinion at me
[10:06] {esemde} I like the bstop at 13.75
[10:06] {Threei} yes ese
[10:07] {Threei} stop placement will depends on what you want from this one
[10:07] {Threei} .54 stop is pure daytrade
[10:07] {Threei} is = if
[10:07] {esemde} yes i like the pure daytrade
[10:07] {Threei} .54 it is then
[10:08] {GEOARB} hi vad... whats the time frame of charts youre using? (Idont have my materials yet)
[10:08] {esemde} bstop 13.75 then
[10:08] {Threei} 1 minute and daily
[10:08] {GEOARB} ok thnx
[10:08] {esemde} i min yes
[10:08] {GEOARB} and charting package?
[10:09] {esemde} anybody following FI
[10:09] {lumdus} in xto 63.68
[10:09] {Threei} one that comes with my broker
[10:09] {lumdus} stop y3.50
[10:09] {Threei} Laser software
[10:09] {GEOARB} thanks
[10:09] {Threei} sure :)
[10:09] {esemde} anybody folloing FINL for a pullback long
[10:10] {GEOARB} once i get access to the online videos... Ill get started
[10:10] {Threei} if you mean online course, you already have access to it
[10:11] {Threei} go to Login, use the same username and password as you do for the room
[10:11] {GEOARB} oh... didnt get an email with link etc
[10:11] {Threei} homepage, click Login
[10:12] {Threei} just keep in mind, that course is basics,
[10:12] {lumdus} stop on xto 63.58 now
[10:12] {GEOARB} yeah... I am wating for the nasdaq scalping CDs
[10:12] {Threei} for following what we do here it's a foundation, but not enough by itself
[10:13] {GEOARB} got in thanks.
[10:14] {Threei} :)
[10:14] {Threei} lum... look at COIN
[10:14] {Threei} see now why I am "obseesed" with it?
[10:15] {Threei} wow... ERTS went much higher
[10:15] {lumdus} well, i see
[10:15] {esemde} bstop BRKR invalidated........
[10:16] {lumdus} today is very easy and good trading. everyting behaving. i love it.
[10:16] {esemde} hmmmmmmmm this is not my day.....i see it now.....
[10:16] {Threei} why ese
[10:16] {Threei} .55 isn't tagged
[10:16] {Threei} in fact, this is low risk aggresive entry
[10:17] {Threei} with very tight stop
[10:17] {esemde} it looks like it's gonna be and the 15min chrt is looking weak
[10:18] {esemde} I still think 13.75 is a good play
[10:18] {esemde} am gonna watch it....for now
[10:19] {Threei} remember discussion of different types on entries?
[10:19] {Threei} aggressive vs regular vs conservative
[10:19] {esemde} yes
[10:19] {Threei} it's a personal preference of course
[10:19] {Threei} by my taste, I would be in .58
[10:19] {Threei} 4 cents stop
[10:19] {Threei} does it get any better than this
[10:19] {esemde} I'm not that good at judging pulbacks on the 1 min
[10:20] {Threei} thenif it works and comes into resistance, you have a mind boggling choice
[10:20] {esemde} hmmmmm
[10:20] {Threei} to grab a scalp
[10:20] {Threei} to partial put and keep half for the break
[10:20] {GEOARB} do you gus leg in or go all in?
[10:20] {GEOARB} guys
[10:20] {Threei} or to be as bold as they come and let full position to work on break or get stopped
[10:21] {Threei} I'd say, pleasant array of options for 4 cents risk
[10:21] {esemde} it was a deeper pullback .......and i didn't feel comforatble with it
[10:21] {esemde} heading up now though
[10:21] {Threei} but it held support and uoticked from it :)
[10:21] {Threei} geoarb, for a scalping full in full out
[10:21] {Threei} for daytrading full in, partialling ouyt
[10:22] {Threei} for swing trading, adding is possible BUT
[10:22] {GEOARB} thanks
[10:22] {Threei} it's not averaging down if stock moves against you, that's a no-no
[10:22] {GEOARB} ok
[10:22] {Threei} rather entry of part when it's uncertain, then adding as stock moves in your favor and breaks new resistance levels
[10:23] {GEOARB} ok
[10:24] {esemde} anyone looking at FINL as a pullback long.......this is the type of pullback that i'm use to Vad
[10:24] {lumdus} should've held mf all day, would be good for 2 weeks profit. dam crap. and i had 3 x lot
[10:24] {esemde} long setup...can think about it....
[10:26] {lumdus} ok, i need to log off MF is too much pain
[10:27] {Threei} dunno ese... FINL is somewhat wierd
[10:27] {Chaeron} gm all
[10:28] {Threei} chaeron :)
[10:28] {esemde} hows that?
[10:28] {esemde} CCCHHHHH morning
[10:29] {magoo} vad, any read NVDA sh here?
[10:29] {Threei} not really mags
[10:29] {Threei} chart doesn't show it
[10:31] {GEOARB} does anyoe use lightspeed here?
[10:31] {esemde} bstop back BRKR 13.75
[10:42] {lumdus} looking to short qcom here
[10:43] {Threei} RIMM 101 break short
[10:43] {Threei} stop/invalidating level above .30
[10:43] {lumdus} finger on trigger for rimm.
[10:44] {lumdus} s qcom 41.13
[10:44] {lumdus} stop 41.21
[10:45] {Threei} RIMM 1:1
[10:45] {lumdus} vad, i only go 100.93
[10:46] {lumdus} one more dump on rimm needed.
[10:46] {lumdus} stop b/e on rimm .93
[10:46] {lumdus} qcom might do it now. common, help here
[10:47] {magoo} beauty vad RIMM
[10:48] {lumdus} magoo you out already ?
[10:48] {Threei} who are you calling beauty?
[10:48] {magoo} yes
[10:48] {lumdus} hmm, i still think we have another huge dump
[10:48] {lumdus} vad, don't get excited.. he's call the trade beauty not you :)
[10:48] {Threei} that's what I hope for
[10:49] {magoo} uh actualkly.......lol
[10:49] {Threei} lol
[10:49] {lumdus} stop on qcom 41.13
[10:50] {lumdus} out rimm -.01
[10:50] {lumdus} chicken i am
[10:51] {lumdus} out qcom 41.00 + .13
[10:51] {lumdus} ce ya later
[10:54] {Chaeron} .
[10:56] {Threei} feels like total breakdown is coming
[10:56] {Threei} pick your victim
[10:57] {Threei} RIMM 101
[10:57] {Threei} NVDA .11
[10:57] {Threei} AAPL .70
[10:57] {Threei} sorry, RIMM 100
[10:59] {ThurstonHowellTheThird} nvda stop .21?
[10:59] {esemde} long BRKR .76
[11:00] {Threei} either .21 or .26, both are valid depending your position size
[11:01] {Threei} ese... confess... regretting of not taking BRKR at .58-.60? :)
[11:02] {Threei} shakeout on breakdowns are not over yet...
[11:04] {magoo} to late for NVDA short vad?
[11:04] {Threei} NVDA works so far, AAPL hasn't broken resistance 121, RIMM did hit stop level
[11:04] {magoo} under 21 coming
[11:04] {Threei} no chasing for me mags
[11:04] {Threei} bear market major difficulty is regular short squeezes
[11:04] {Threei} chasing downside increases risk multifold
[11:08] {GEOARB} .
[11:16] {Threei} new low NVDA
[11:17] {Threei} 1:1 reached if your initial stop was .21
[11:18] {Threei} and even if .26
[11:18] {bruce} vad - thoughts on aapl long?
[11:18] {Threei} toughie bruce...
[11:18] {Threei} I have hard time seeing these stocks as long
[11:19] {Threei} not when market teeters on a verge of breakdown
[11:19] {bruce} k- now looks to be breakingshort but hard to tell
[11:20] {Threei} NVDA +.21... 1:3
[11:20] {Threei} even if you are determined to hold for bigger move, start protecting profits
[11:20] {magoo} wish i chased it
[11:20] {Threei} ??
[11:20] {Threei} it bounced back into trigger and even higher
[11:20] {Threei} there was no need to chase
[11:20] {magoo} [11:04] {magoo} to late for NVDA short vad?
[11:20] {magoo} [11:04] {Threei} NVDA works so far, AAPL hasn't broken resistance 121, RIMM did hit stop level
[11:20] {Threei} gave second chance
[11:20] {magoo} [11:04] {magoo} under 21 coming
[11:23] {bruce} rimm bouncing off 100 for third time - looks like bounces getting weaker
[11:23] {Threei} NASDAQ bounce on lower volume
[11:23] {Threei} in my view, just another short opportunity
[11:24] {Threei} AAPL closest resistance is .30
[11:24] {Chaeron} see magoo? the market didn't want you to miss out... it likes you :)
[11:25] {bruce} youthinkinking short aapl here vad?
[11:25] {Threei} if NQ reverses sharply while AAPL delays a little for entry
[11:25] {Threei} not into pure buying
[11:26] {Threei} see how nasty these squeezes can be?
[11:27] {Threei} NVDA is almost back into original triogger
[11:27] {esemde} OUT BRKR .00 +.24 1;1
[11:27] {bruce} hard to peg entries - retracements are pretty big
[11:27] {Threei} same idea, short if NQ reverses down quickly, and NVDA shows delay
[11:27] {Threei} wtg ese
[11:27] {Threei} good trade
[11:28] {GEOARB} vad do you trade the NQ?
[11:28] {Threei} not lately
[11:28] {Threei} mostly using it as leading indicator
[11:28] {GEOARB} ok
[11:28] {esemde} tks
[11:29] {Threei} can I annoy you a little ese?
[11:29] {Threei} please? I love annoying people so much
[11:30] {bruce} aapl trying to break down again -
[11:32] {Threei} funny... NQ is jumping up - do you see much stock's following?
[11:32] {Threei} what is it that is going up with NQ, my scanner stays red mostly
[11:33] {bruce} rimm trying to break 101 vad
[11:33] {Threei} no permission by ese... sigh...
[11:35] {Chaeron} Personally, I find annoying people without their permission is so much more satisfying... Don't you magoo? :)
[11:36] {Threei} true chaeron... I am just afraid I overdid my quota :)
[11:36] {Chaeron} quota- ok... limit? I hope there's not one......
[11:36] {magoo} :)
[11:39] {bruce} aapl break finally
[11:41] {Threei} NVDA stalled at the original trigger and dropped when NQ did
[11:41] {Threei} I didn't watch it at the moment, not sure if there was entry opportunity
[11:41] {Threei} if anyone entered let me know if you need running commentary
[11:41] {GEOARB} vad, on an average how many stock charts do you have up?
[11:41] {magoo} i do
[11:41] {magoo} short .11
[11:41] {Threei} and if you entered but too shy... stop .15
[11:42] {Threei} shy magoo... now that's the oxymoron oif the century
[11:43] {Threei} beauty of aggressive entries... 4 cents stop, already over 1:1
[11:44] {Threei} much the same as with BRKR long
[11:44] {Threei} (trying to get ese via backdoor)
[11:51] {Threei} MBI CEO REITERATES ACKMAN COMMENTS WITHOUT MERIT; ACKMAN IS 'DEAD WRONG' THAT MBIA WILL RUN OUT OF CASH
[11:53] {Threei} another squeeze is on
[11:53] {Threei} backing off
[11:58] {bruce} rimm as long vad?
[11:58] {Threei} it just had news, prety much ignored it
[11:58] {Threei} and siconnected from market
[11:58] {Threei} rather long than short... but I don't have much conviction
[11:59] {bruce} k was thinking possible retacement long near .20 with stop to 101 - trend looks up now
[12:01] {magoo} aapl ,ong?
[12:02] {Threei} no read on these stocks here
[12:02] {Threei} disorderly
[12:04] {bruce} charging rimm and aapl with disorderly conduct unbecoming a stock
[12:04] {Threei} lol
[12:10] {Threei} scanner barely crawling
[12:11] {bruce} mrvl longvad?
[12:11] {Threei} MRVL is very slow and narrow
[12:12] {Threei} you have enough parience to sit it out?
[12:12] {Threei} if so, pullback to .60 or so
[12:12] {bruce} thought it might move on .70 break
[12:13] {Threei} if it moves 5 cents over a few minutes, it will be like extreme running for it
[12:13] {bruce} lolo - k
[12:14] {Threei} 1 cent
[12:17] {magoo} mkt rolling a bit
[12:24] {Threei} 2 cents MRVL
[12:25] {Threei} 3... I was so wrong
[12:25] {bruce} shame on you vad
[12:26] {bruce} now 4!
[12:26] {Threei} yeah... tail down
[12:26] {Threei} with 10K shares, one already has decent profit
[12:26] {bruce} jaso vad?
[12:27] {GEOARB} 10k shares??
[12:27] {Threei} kidding
[12:27] {magoo} i was thinking of doing that vad
[12:27] {Threei} just making fun of very narrowmovements, geoarb
[12:27] {bruce} dont even think about it geo
[12:27] {GEOARB} i dont have that kind of margin :)
[12:28] {Threei} JASO... solars are beaten down so much, you would think sun is never rising again
[12:28] {Threei} probably deserve scalp here and there
[12:28] {Threei} but overall recovery is nowhere clkose it seems
[12:28] {GEOARB} on an average , how many charts do yo have open vad?
[12:29] {Threei} let me show you my screenshots
[12:29] {bruce} k vad
[12:30] {GEOARB} sure thanks..
[12:30] {Threei} http://www.realitytrader.com/vad/Scr1.png
[12:30] {Threei} http://www.realitytrader.com/vad/Scr2.png
[12:30] {Threei} http://www.realitytrader.com/vad/Scr3.png
[12:30] {Threei} http://www.realitytrader.com/vad/Scr4.png
[12:30] {GEOARB} 4 screens? ok
[12:31] {Threei} yeah... on one computer... there is one more with two screens, lol
[12:31] {GEOARB} heheh
[12:31] {Threei} but that one is mostly for administrative purposes
[12:31] {Threei} so I don't show it
[12:32] {Threei} magoo, stop this dcc abuse, administrative purposes don't mean porn
[12:33] {bruce} thats not porn vad
[12:33] {esemde} by everyone...have a great rest of the day....i'm long FINL here at .75 full lot
[12:33] {bruce} it's art
[12:34] {Threei} take care ese :)
[12:34] {bruce} bye ese
[12:34] {esemde} see ya vad
[12:34] {Threei} there is a huge offer at 15 for JASO... break of it worth a try for scalp if stays above .90
[12:35] {bruce} thats me selling my 10k vad
[12:36] {Threei} cool... if you get hit, dinner is on you
[12:36] {Threei} and I fully expect lobster stuffed with steak
[12:36] {Threei} lost support, invalidated
[12:37] {bruce} hmm
[12:37] {Threei} here goes my dinner
[12:37] {bruce} you like spam?
[12:37] {Laserdave1} magoo dcc please
[12:39] {magoo} dave dcc
[12:54] {bruce} rimm longon 101.5 break vad?
[12:55] {Threei} if stays above .25
[12:55] {bruce} just violated it
[13:11] {bruce} aapl short vad?
[13:11] {Threei} not sure... NQ is at the point where it can drop or spike upward with same odds
[13:11] {bruce} k
[13:12] {Threei} 50/50
[13:12] {Threei} roll a dice
[13:12] {Threei} OPEC PRES: SEES LOWER Q2 OIL DEMAND, DOES NOT THINK OPEC WILL CONSIDER INCREASING OUTPUT
[13:13] {Threei} CNBC'S GASPARINO INCREMENTAL UPDATE: NEGOTIATIONS WITH BANK CONSORTIUM GOING SLOWLY; NO DEAL ANNOUNCEMENT EXPECTED TOMORROW
[13:14] {Threei} this is the guy whose speculation on the deal to be announced sent market flying a week ago
[13:14] {Threei} can't believe they get away with it
[13:15] {Threei} ETFC
[13:15] {Threei} CEO: MANY CLIENTS WHO MOVED MONEY OUT DURING LAST YEAR'S PANIC HAVE RETURNED - INTERVIEW COMMENTS
- Notes core brokerage not back 'to business as usual' but going 'quite well'
[13:15] {Threei} - Says no longer taking risk on asset side, sees making money from bank deposits
[13:34] {ThurstonHowellTheThird} Vad, (sorry to wake you up but...)does this market look like what happened in the tech crash of 2000?
[13:34] {ThurstonHowellTheThird} just before the big drop
[13:35] {Threei} very much so
[13:35] {Threei} storngest feeling that we are on brink of abyss
[13:36] {ThurstonHowellTheThird} I was worried you would say that :(
[13:36] {Threei} why?
[13:36] {Threei} it's quite tradeable situation
[13:36] {ThurstonHowellTheThird} Just for my longer term investments...
[13:36] {Threei} pure clean bear is a beauty
[13:36] {Threei} oh
[13:36] {Threei} sorry... my thinking just doesn't go in that direction
[13:37] {ThurstonHowellTheThird} oh well, thats why I'm diversifying into a smaller time frame
[13:37] {Threei} AAPL lod
[13:38] {Threei} .35 worth a try short if stays under .50\
[13:40] {bruce} over that already
[13:40] {bruce} waiting for next setup
[13:49] {Threei} COIN.....
[13:53] {Threei} I wish I could nail entry on this one... clear uptrending momo, but finding setup on it is not a reality
[13:53] {Threei} kind of buy and hope
[13:53] {Threei} which I am loathe to do
[14:03] {bruce} new low aapl - rimm at lod
[14:03] {Threei} really want to find short
[14:04] {Threei} gotta find the right way between violent spikes that tag stops
[14:04] {bruce} rimm here w .20 stop vad?
[14:05] {Threei} very easy to gets topped
[14:05] {Threei} I would rather try to get in a spike over logical stop lwevel
[14:05] {bruce} k
[14:07] {Threei} there
[14:07] {Threei} sharp apike, hitting stopes
[14:07] {Threei} next resistance is .50
[14:07] {magoo} let us know when u go
[14:07] {Threei} watch for entry close to it
[14:07] {bruce} you were right - it stopped out .20 without giving much of a win for short on break
[14:09] {Threei} in
[14:09] {Threei} stop over .50, ready to get out and reenter if spikes again
[14:09] {magoo} in
[14:10] {Threei} half out +.30
[14:10] {Threei} +.20, sorry
[14:10] {Threei} not trailing stop
[14:10] {Threei} still over .50
[14:10] {bruce} tried at .40 but didn't get filled
[14:10] {magoo} out .09
[14:10] {magoo} TY
[14:10] {Threei} I hit the bid bruce, .38
[14:10] {Threei} out in full
[14:11] {Threei} .90
[14:11] {Threei} +.48
[14:11] {magoo} yeah
[14:11] {Threei} this is how I want to play them... into countertrend spikes, with very tight stops
[14:12] {Threei} 13-15 cents is uncharacteristically tight stop for such stock as RIMM
[14:12] {Threei} you can play it this way only with aggressive entries
[14:12] {bruce} your .50 resiswtance was right way to play it
[14:13] {bruce} entry on break woulda stopped out
[14:13] {Threei} and even closest resistance entry woyuld
[14:13] {Threei} spike over it triggering the stops, that's the only safe entry
[14:14] {Threei} [09:35] {Threei} one stock that bothers me: COIN
[14:14] {Threei} [09:35] {lumdus} your obessed with it. get it off your screen
[14:14] {Threei} [09:36] {Threei} you'll cry when it makes new 52 weeks highs :)
[14:14] {bruce} yes - noticed that had last high at .21 which is what I thought of initially
[14:14] {Threei} how about that?
[14:15] {Threei} RIMM REMOVED FROM CONVICTION BUY LIST AT GOLDMAN SACHS (TIMING UNCERTAIN)
[14:15] {magoo} u sdtill dshort rimm half?
[14:16] {Threei} [14:10] {Threei} out in full
[14:16] {Threei} [14:11] {Threei} .90
[14:16] {Threei} [14:11] {Threei} +.48
[14:16] * Threei slaps magoo around a bit with a large trout
[14:16] {magoo} sorry
[14:16] {Threei} too late
[14:16] {Threei} trout is unholstered
[14:16] {Threei} no way it goes back without finsing its target
[14:16] {Threei} finding
[14:17] {bruce} hmmm - rimm loses more than half its value in 6 months
[14:17] {bruce} and now goldman removes it from buy
[14:18] {bruce} makes sense now that they've dumped all on public
[14:18] {bruce} they don't want compettion when they start to accumulate agtain
[14:19] {Threei} you know... Buy rating - we have some for sale
[14:19] {Threei} Strong Buy - hey, buy it from us please, we have a lot left
[14:19] {bruce} lol
[14:19] {Threei} Striong Buy reiterated - someone! pleae! take it off our hands!
[14:19] {bruce} stong sell - stay away from stock we're buying
[14:20] {bruce} ah rimm - sogh - wish I'd got that shoprt
[14:20] {Chaeron} ... we're buying... but let us scare the price down lower first please...
[14:28] {Threei} here comes another spike NQ
[14:28] {Threei} let stops get hit,
[14:28] {Threei} then let's look for our entry
[14:29] {Threei} in RIMM terms, that would translate into something closer to 100
[14:30] {Threei} what the heck is "conviction buy list"...
[14:31] {cosmo} your legal options...
[14:31] {Threei} lol
[14:31] {cosmo} :)
[14:32] {Threei} RIMM is coming there
[14:32] {Threei} one more vertical slpike please
[14:33] {bruce} theres resistnace at 100.15 vad as well as 100
[14:33] {Threei} yes
[14:34] {Threei} what I want is RIMM cutting through those on a parabolic move
[14:34] {Threei} doesn't really matter whether it stops between them or slightly higher than .15
[14:34] {Threei} NQ reversed... isn't getting there
[14:34] {Threei} oh well
[14:35] {Threei} actaully...
[14:35] {Threei} NQ, if goes up again forms higher low on 1 min
[14:35] {Threei} RIMM is at day's low
[14:35] {Threei} will be good bounce scalp candidate
[14:35] {bruce} got you - but we should have been looking for slowdown between 100 and .15 or so then a stop of about 20c?
[14:35] {Threei} yes
[14:36] {Threei} watching for long scalp right now
[14:36] {bruce} k - thanx good advicethose stocks are tough to play - get murdered on breaks in them
[14:36] {Threei} in
[14:36] {Threei} stop .10
[14:37] {magoo} in
[14:37] {Threei} nope
[14:37] {magoo} out
[14:38] {Threei} was a shot at double bottom NQ, but it failed
[14:39] {Threei} still looks tempting but I'd like to see one more sharp selloff
[14:39] {bruce} yep - a good try
[14:39] {Threei} like this one
[14:39] {Threei} one more leg down please
[14:41] {bruce} selling slowed - this the entry?
[14:41] {Threei} in
[14:41] {Threei} .85, stop .70
[14:42] {Threei} tough one eh?
[14:43] {bruce} stopped
[14:43] {bruce} yes -
[14:43] {bruce} still - I like these plays
[14:43] {Threei} yeah, doesn't look like it's ready
[14:43] {bruce} in and out quick
[14:44] {bruce} and nice potential on them
[14:44] {bruce} you're probably right about 1 more leg down
[14:44] {Threei} would prefer them working
[14:44] {Threei} but with these tight stops, way narroqwer than wins we took on it, I don't really mind
[14:45] {bruce} me too - but caqn live w 15c stops in these
[14:49] {Threei} situation reverses: NQ new low, RIMM not
[14:49] {bruce} aapl really selling off
[14:49] {bruce} another try rimm here vad?
[14:50] {Threei} looks like, just want NQ to show some guts
[14:51] {Threei} got .59, sorry, too fast
[14:51] {Threei} .69
[14:51] {Threei} typing deteriorates
[14:51] {Threei} stop is self-explanatory
[14:52] {Threei} come on RIMM, let's kill those shorts, we all hate them
[14:52] {Threei} excpet when we are them
[14:53] {Threei} if it bounces I want 99
[14:53] {Threei} at least
[14:53] {magoo} in .72
[14:54] * Threei kicks RIMM in the rear with heavy duty army boots
[14:55] {Threei} sheesh... NQ has no staying power whatsoever
[14:55] {Threei} out
[14:55] {bruce} stopped rimm
[14:55] {magoo} twice
[14:55] {bruce} damn
[14:55] {bruce} damn
[14:57] {Threei} initial instinct is te best to follow... short was still the way to go
[14:57] {bruce} looks to be good support near 98 vad
[14:57] {Threei} good to break you mean?
[14:58] {bruce} lol
[14:58] {Threei} :)
[14:58] {bruce} pessimist
[14:58] {bruce} rimm kicked back
[15:01] {Threei} what was that?
[15:02] {bruce} that was rimm kicking sand in our faces
[15:02] {Threei} did you see that march from .80 back into 98?
[15:04] {bruce} my charts show low of 98.03 vad
[15:04] {Threei} yes
[15:05] {Threei} I am talking about it dropping from first bounce to 98.80 all the way back into 98 and immediately back up
[15:05] {Threei} both faster than you can say mama
[15:06] {Threei} 15:02
[15:06] {bruce} got you - might be bad tick
[15:06] {Threei} nope
[15:06] {Threei} level 2 did whole dance
[15:06] {Threei} all bids and offers
[15:07] {bruce} well - thats rimm for ya
[15:07] {ThurstonHowellTheThird} looked like super-fast battle between bulls and bears
[15:07] {bruce} hard to keep 20 stops with that kind of dancing
[15:07] {Threei} that was quite unusual even for RIMM
[15:08] {bruce} not at all vad
[15:08] {bruce} I'm playing it remember
[15:08] {bruce} got to expect the weird wild and unusual
[15:15] {bruce} your thoughts on rimm long play if breaks 99 vad?
[15:15] {Threei} chart wise yes
[15:16] {Threei} its manner of tradin last hoyur - anything can happen
[15:16] {bruce} k- that sounds like hesitation to me
[15:16] {bruce} k
[15:16] {Threei} I will be equally unamazed to see it ramping up a buck or dropping all the way back
[15:17] {Threei} it's not hesitation, it's rather:
[15:17] {Threei} consider your willingness to handle the way it trades
[15:22] {Threei} TMA
[15:22] {Threei} FINANCES NEARLY $1.0 B OF PRIME HYBRID ARMS IN SECURITIZATION TRANSACTION
[15:26] {magoo} its avail short vad
[15:26] {Threei} scary
[15:27] {Threei} it's a news about the very heart of its issues
[15:27] {magoo} any play RIMM here?
[15:27] {Threei} core reason of gap down
[15:27] {cosmo} HYBRID ARMS ...sounds like an IED...
[15:33] {magoo} ifmkt continues up....rimm maybe long
[15:42] {Threei} geoarb, look dcc please
[15:52] {Threei} am I alone in crying over COIN?
[15:53] {bruce} pretty much vad
[15:53] {Threei} fine... be that way
[15:53] {bruce} I'm crying case we missed the 2 buck retrace in rimm
[15:54] {Threei} I am not
[15:54] {Threei} I couldn't read it
[15:54] {magoo} balling here
[15:54] {bruce} what are you balling mags?
[15:55] {bruce} do we do that stuff in this room vad - balling?
[15:55] {GEOARB} hehehe
[15:55] {Threei} all these stocks like RIMM, AAPl, NVDA etc
[15:56] {Threei} they are readabke one day, out of read another
[15:56] {Threei} sometimes changes even midday
[15:56] {Threei} you could see it last week with AAPL
[15:56] {Threei} just trying them to see if they work
[15:56] {Threei} if they do, fine
[15:56] {Threei} they become a subject of abuse
[15:57] {Threei} much like we abused AAPL last Thursday
[15:57] {Threei} they don't, we hunt for another
[15:57] {Threei} but COIN, sheesh... had a strongest feeling about it, talked for days
[15:58] {Threei} OK guys, thank you all
[15:58] {Threei} have a good evening
[15:58] {Threei} see you tomorrow
[15:59] {GEOARB} thanks vad
[15:59] {dptl} have a good evening all
[15:59] {magoo} ty all
[08:32] {Threei} OPEC MAY DISCUSS MODEST OUTPUT INCREASE OF 500K BPD TO CALM PRICES, BUT MANY IN OPEC FAVOR NO CHANGE - WIRE CITES OPEC SOURCE
[08:33] {Threei} FED'S PLOSSER: RATE CUT REVERSAL WHEN MARKET IS STABILIZED
- Market turmoil will restrain growth
[08:33] {Threei} - Notes the Fed has rightly deviated from rule-based policies noting the Fed in time of extraordinary circumstances
[08:33] {Threei} - Says the devaiation must be short lived given price mandate
[08:34] {cosmo} omg
[08:35] {magoo} morning
[08:35] {Threei} good morning
[08:35] {cosmo} jimmy rogers cashed out ...sold his bike ...moved to the south seas
[08:38] {magoo} vad, do we have to physically do any setup changes in laser this morning, the replacement inet
[08:38] {Threei} not so far, but I am keeping an eye on it
[08:39] {Threei} wording left couple questions about whether it's all "under the hood"
[08:39] {magoo} ok, you'll let us know, caus i "don't RTFM lol
[08:39] {Threei} I know :)
[08:46] {cosmo} FRPT needs to hold 3.50 imo
[09:04] {esemde} good morning lads and Lassies.....warren buffet speaks aka god.......
[09:06] {magoo} hey vad, i know we are to wait and see..but u have a good feel for whats setting up i have found
[09:07] {esemde} whats the news with FRPT cos?
[09:07] {Threei} ese :)
[09:07] {magoo} that said, to obvious to sell hard? or a sell hard is coming soon {esp. with asia pounded} just your thoughts for today
[09:07] {esemde} buffet....parties over for insurance companies
[09:07] {Threei} magoo... I am curently opereating on the asumptyion that we are to see selling pressure day
[09:08] {Threei} of course I am ready to change this notion if market shows otherwise
[09:08] {Threei} I am not clinging to my opinions
[09:08] {magoo} yeah..i beieve we were 4 days up mon thru thirs. ..down friday
[09:08] {Threei} but one gotta start somewhere
[09:09] {Threei} and my current mindset is:
[09:09] {Threei} we are in a serious bear market,
[09:09] {magoo} thats what i wanted to know
[09:09] {Threei} it was kept up for a while bu extrenal forces,
[09:09] {Threei} bu = by
[09:09] {Threei} but they can do it just for so long,
[09:09] {Threei} then relaity sets in.
[09:10] {Threei} Whether it's time for gravity to take over, remains to be seen, but so far everything points to that
[09:11] {dptl} good morning all
[09:11] {Threei} dp :)
[09:18] {magoo} so we should keep eye on stocks up big from recent bounce
[09:19] {magoo} CNBC talking retest of lows..but hey...that means rally lol
[09:22] {ThurstonHowellTheThird} good morning everyone
[09:22] {Threei} morning THTT
[09:28] {Threei} FED'S PLOSSER SAYS INFLATION SHOWING UP IN MORE AND MORE ITEMS, DOES NOT THINK WE ARE NEAR STAGFLATION YET
- Reiterates that FX rates are hard to forecast
[09:28] {Threei} - Says housing prices should stabilize during 2008
[09:28] {lumdus} good morning all. vad, you friends at the fed speaking today ?
[09:28] {Threei} hi lum
[09:28] {Threei} they seem to be speaking always
[09:28] {Threei} I start wondering whether they get paid by word count
[09:31] {Threei} watching AAPl for short
[09:31] {Threei} 125.05 stop so far
[09:31] {Threei} broke, no short for now
[09:32] {Threei} OK, it's time
[09:32] {Threei} first weakness from here
[09:33] {Threei} in .75
[09:33] {Threei} stop .90
[09:33] {GEOARB} GM
[09:33] {Threei} hi geoarb, welcome to the room
[09:34] {lumdus} out aapl .33
[09:34] {lumdus} tx vad
[09:34] {Threei} covering AAPL too
[09:34] {magoo} me too nice vad
[09:34] {Threei} welcome guys, gotta be quick on these morning moves
[09:34] {Threei} they have potential to hurt if you oversit them
[09:35] {Threei} one stock that bothers me: COIN
[09:35] {lumdus} your obessed with it. get it off your screen
[09:36] {Threei} you'll cry when it makes new 52 weeks highs :)
[09:36] {esemde} watching MRVL....
[09:36] {Threei} market sharp drop
[09:37] {Threei} AAPL did follow but not too deep
[09:37] {Threei} hate to say it, but it can be long on 126 break down the road if consolidates a bit near that resistance
[09:38] {esemde} damnnnn....looked away for 1 sec....
[09:38] {lumdus} in mf 18.62
[09:38] {esemde} man that was fast MRVL
[09:38] {Threei} this is "no blinking allowed" market ese... :)
[09:38] {dptl} grabed 10c mrvl ty Ese
[09:38] {esemde} crap!!.....and I was onto it tooo
[09:39] {esemde} nice one dp
[09:39] {Threei} can you believe VLNC?
[09:40] * magoo slaps Threei around a bit with a large trout
[09:41] {magoo} hard sell here
[09:41] {Threei} NVDA
[09:41] {Threei} .24 short
[09:41] {Threei} .35 stop
[09:42] {Threei} broke down a bit too fast
[09:42] {Threei} I dpn't think it gave a chance for entry
[09:42] {esemde} nas just dumped
[09:42] {lumdus} stop on mf 18.49
[09:42] {Threei} don't chase NVDA, let it bounce
[09:43] {magoo} man, look at rimm chart vad
[09:44] {Threei} wierd phenomenon in today's market: ERTS
[09:44] {Threei} see if it pulls back into .40 or so, it's a pullback entry for long
[09:45] {Threei} RIMM got pulled by gravity...
[09:45] {Threei} was better short... oh well
[09:45] {magoo} bouncer somehere possible
[09:46] {magoo} sigh..1 pt bounce
[09:46] {magoo} not in
[09:46] {lumdus} short timm
[09:46] {lumdus} stop 101.36
[09:47] {lumdus} covering rimm
[09:47] {lumdus} 100.53 + .66
[09:47] {lumdus} tx for the heads up folks
[09:47] {Threei} good one lum, you are in the zone
[09:47] {magoo} nice lum
[09:48] {lumdus} yeah, double coffe today. i am good untill 10:30 or so
[09:48] {Threei} NASDAQ is about to drop once again
[09:48] {Threei} who got NVDA at this bounce, stop .31
[09:49] {Threei} NQ quick dive and jump... hard to tell which one is a headfake
[09:50] {Threei} keeping tight stops on any trade so far
[09:50] {magoo} u liking ERTS here? boy..don't like longs at moment
[09:50] {Threei} want to be safe until major direction is defined
[09:50] {magoo} popped from .45 as typed
[09:50] {Threei} not for breakout mags
[09:50] {Threei} pullback entry
[09:51] {Threei} it went as low as .43
[09:51] {magoo} yeah..was .45 as typed
[09:51] {Threei} if you got it closer to .40 perfect
[09:51] {Threei} keep stop under .40
[09:51] {Threei} but no chasing
[09:51] {magoo} missed
[09:51] {esemde} watching JRJC to short....1/2 lot
[09:52] {bruce} s nvda .26
[09:52] {magoo} arca issues guys, route elsewhere alert
[09:53] {magoo} vad, how about sh nvda somewhere up here?
[09:53] {Threei} if reverses without breaking .30, sure
[09:54] {Threei} how to resist such a tight stop? :)
[09:54] {Threei} it's worth consideration on risk alone
[09:54] {magoo} one day we gonna discuss that
[09:54] {magoo} not now
[09:54] {Threei} anytime you want
[09:54] {Threei} 'xcept weekends
[09:55] {Threei} ERTS gave second chance for entry
[09:55] {magoo} ill fly out over weekend
[09:56] {Threei} long ERTS, short NVDA... I feel fully hedged
[09:56] {Threei} and if I get stopped on both, I better don't come out of the house today, bricks are garanteed to drop from the sky
[09:57] {magoo} i took neither..feeling inadequate
[09:58] {magoo} ok, sh .21 nvda
[10:00] {Threei} JAN CONSTRUCTION SPENDING: -1.7% V -0.7%E
[10:00] {lumdus} out mf 19.55 + $1.10
[10:00] {Threei} *FEB ISM MANUFACTURING: 48.3 V 48.0E; PRICES PAID 75.5 V 73.0E
[10:01] {Threei} half out ERTS
[10:01] {lumdus} damm, should have held mf more. crap !!!
[10:01] {Threei} +.28
[10:01] {magoo} stopped nvda
[10:01] {Threei} stopped NVDA
[10:01] {Threei} US TREASURY'S PAULSON: TAXPAYER FUNDED HOUSING RESCUE IDEAS WOULD DO MORE HARM THAN GOOD
[10:02] {Threei} one more jump please ERTS
[10:02] {lumdus} vad, should i re-enter mf ?
[10:02] {esemde} JRJC...invalidated for a short...
[10:02] {Threei} I wouldn't lum
[10:02] {lumdus} ok. i'll be happy for now.
[10:03] {Threei} out ERTS in full
[10:03] {Threei} +.44
[10:04] {bruce} rimm looking like a long
[10:05] {Threei} if market ramps up again, RIMM's structure will be .60 long
[10:05] {Threei} astop under .30
[10:06] {esemde} OK i need somebody to take a look at a 15min chart of BRKR....and fire an opinion at me
[10:06] {esemde} I like the bstop at 13.75
[10:06] {Threei} yes ese
[10:07] {Threei} stop placement will depends on what you want from this one
[10:07] {Threei} .54 stop is pure daytrade
[10:07] {Threei} is = if
[10:07] {esemde} yes i like the pure daytrade
[10:07] {Threei} .54 it is then
[10:08] {GEOARB} hi vad... whats the time frame of charts youre using? (Idont have my materials yet)
[10:08] {esemde} bstop 13.75 then
[10:08] {Threei} 1 minute and daily
[10:08] {GEOARB} ok thnx
[10:08] {esemde} i min yes
[10:08] {GEOARB} and charting package?
[10:09] {esemde} anybody following FI
[10:09] {lumdus} in xto 63.68
[10:09] {Threei} one that comes with my broker
[10:09] {lumdus} stop y3.50
[10:09] {Threei} Laser software
[10:09] {GEOARB} thanks
[10:09] {Threei} sure :)
[10:09] {esemde} anybody folloing FINL for a pullback long
[10:10] {GEOARB} once i get access to the online videos... Ill get started
[10:10] {Threei} if you mean online course, you already have access to it
[10:11] {Threei} go to Login, use the same username and password as you do for the room
[10:11] {GEOARB} oh... didnt get an email with link etc
[10:11] {Threei} homepage, click Login
[10:12] {Threei} just keep in mind, that course is basics,
[10:12] {lumdus} stop on xto 63.58 now
[10:12] {GEOARB} yeah... I am wating for the nasdaq scalping CDs
[10:12] {Threei} for following what we do here it's a foundation, but not enough by itself
[10:13] {GEOARB} got in thanks.
[10:14] {Threei} :)
[10:14] {Threei} lum... look at COIN
[10:14] {Threei} see now why I am "obseesed" with it?
[10:15] {Threei} wow... ERTS went much higher
[10:15] {lumdus} well, i see
[10:15] {esemde} bstop BRKR invalidated........
[10:16] {lumdus} today is very easy and good trading. everyting behaving. i love it.
[10:16] {esemde} hmmmmmmmm this is not my day.....i see it now.....
[10:16] {Threei} why ese
[10:16] {Threei} .55 isn't tagged
[10:16] {Threei} in fact, this is low risk aggresive entry
[10:17] {Threei} with very tight stop
[10:17] {esemde} it looks like it's gonna be and the 15min chrt is looking weak
[10:18] {esemde} I still think 13.75 is a good play
[10:18] {esemde} am gonna watch it....for now
[10:19] {Threei} remember discussion of different types on entries?
[10:19] {Threei} aggressive vs regular vs conservative
[10:19] {esemde} yes
[10:19] {Threei} it's a personal preference of course
[10:19] {Threei} by my taste, I would be in .58
[10:19] {Threei} 4 cents stop
[10:19] {Threei} does it get any better than this
[10:19] {esemde} I'm not that good at judging pulbacks on the 1 min
[10:20] {Threei} thenif it works and comes into resistance, you have a mind boggling choice
[10:20] {esemde} hmmmmm
[10:20] {Threei} to grab a scalp
[10:20] {Threei} to partial put and keep half for the break
[10:20] {GEOARB} do you gus leg in or go all in?
[10:20] {GEOARB} guys
[10:20] {Threei} or to be as bold as they come and let full position to work on break or get stopped
[10:21] {Threei} I'd say, pleasant array of options for 4 cents risk
[10:21] {esemde} it was a deeper pullback .......and i didn't feel comforatble with it
[10:21] {esemde} heading up now though
[10:21] {Threei} but it held support and uoticked from it :)
[10:21] {Threei} geoarb, for a scalping full in full out
[10:21] {Threei} for daytrading full in, partialling ouyt
[10:22] {Threei} for swing trading, adding is possible BUT
[10:22] {GEOARB} thanks
[10:22] {Threei} it's not averaging down if stock moves against you, that's a no-no
[10:22] {GEOARB} ok
[10:22] {Threei} rather entry of part when it's uncertain, then adding as stock moves in your favor and breaks new resistance levels
[10:23] {GEOARB} ok
[10:24] {esemde} anyone looking at FINL as a pullback long.......this is the type of pullback that i'm use to Vad
[10:24] {lumdus} should've held mf all day, would be good for 2 weeks profit. dam crap. and i had 3 x lot
[10:24] {esemde} long setup...can think about it....
[10:26] {lumdus} ok, i need to log off MF is too much pain
[10:27] {Threei} dunno ese... FINL is somewhat wierd
[10:27] {Chaeron} gm all
[10:28] {Threei} chaeron :)
[10:28] {esemde} hows that?
[10:28] {esemde} CCCHHHHH morning
[10:29] {magoo} vad, any read NVDA sh here?
[10:29] {Threei} not really mags
[10:29] {Threei} chart doesn't show it
[10:31] {GEOARB} does anyoe use lightspeed here?
[10:31] {esemde} bstop back BRKR 13.75
[10:42] {lumdus} looking to short qcom here
[10:43] {Threei} RIMM 101 break short
[10:43] {Threei} stop/invalidating level above .30
[10:43] {lumdus} finger on trigger for rimm.
[10:44] {lumdus} s qcom 41.13
[10:44] {lumdus} stop 41.21
[10:45] {Threei} RIMM 1:1
[10:45] {lumdus} vad, i only go 100.93
[10:46] {lumdus} one more dump on rimm needed.
[10:46] {lumdus} stop b/e on rimm .93
[10:46] {lumdus} qcom might do it now. common, help here
[10:47] {magoo} beauty vad RIMM
[10:48] {lumdus} magoo you out already ?
[10:48] {Threei} who are you calling beauty?
[10:48] {magoo} yes
[10:48] {lumdus} hmm, i still think we have another huge dump
[10:48] {lumdus} vad, don't get excited.. he's call the trade beauty not you :)
[10:48] {Threei} that's what I hope for
[10:49] {magoo} uh actualkly.......lol
[10:49] {Threei} lol
[10:49] {lumdus} stop on qcom 41.13
[10:50] {lumdus} out rimm -.01
[10:50] {lumdus} chicken i am
[10:51] {lumdus} out qcom 41.00 + .13
[10:51] {lumdus} ce ya later
[10:54] {Chaeron} .
[10:56] {Threei} feels like total breakdown is coming
[10:56] {Threei} pick your victim
[10:57] {Threei} RIMM 101
[10:57] {Threei} NVDA .11
[10:57] {Threei} AAPL .70
[10:57] {Threei} sorry, RIMM 100
[10:59] {ThurstonHowellTheThird} nvda stop .21?
[10:59] {esemde} long BRKR .76
[11:00] {Threei} either .21 or .26, both are valid depending your position size
[11:01] {Threei} ese... confess... regretting of not taking BRKR at .58-.60? :)
[11:02] {Threei} shakeout on breakdowns are not over yet...
[11:04] {magoo} to late for NVDA short vad?
[11:04] {Threei} NVDA works so far, AAPL hasn't broken resistance 121, RIMM did hit stop level
[11:04] {magoo} under 21 coming
[11:04] {Threei} no chasing for me mags
[11:04] {Threei} bear market major difficulty is regular short squeezes
[11:04] {Threei} chasing downside increases risk multifold
[11:08] {GEOARB} .
[11:16] {Threei} new low NVDA
[11:17] {Threei} 1:1 reached if your initial stop was .21
[11:18] {Threei} and even if .26
[11:18] {bruce} vad - thoughts on aapl long?
[11:18] {Threei} toughie bruce...
[11:18] {Threei} I have hard time seeing these stocks as long
[11:19] {Threei} not when market teeters on a verge of breakdown
[11:19] {bruce} k- now looks to be breakingshort but hard to tell
[11:20] {Threei} NVDA +.21... 1:3
[11:20] {Threei} even if you are determined to hold for bigger move, start protecting profits
[11:20] {magoo} wish i chased it
[11:20] {Threei} ??
[11:20] {Threei} it bounced back into trigger and even higher
[11:20] {Threei} there was no need to chase
[11:20] {magoo} [11:04] {magoo} to late for NVDA short vad?
[11:20] {magoo} [11:04] {Threei} NVDA works so far, AAPL hasn't broken resistance 121, RIMM did hit stop level
[11:20] {Threei} gave second chance
[11:20] {magoo} [11:04] {magoo} under 21 coming
[11:23] {bruce} rimm bouncing off 100 for third time - looks like bounces getting weaker
[11:23] {Threei} NASDAQ bounce on lower volume
[11:23] {Threei} in my view, just another short opportunity
[11:24] {Threei} AAPL closest resistance is .30
[11:24] {Chaeron} see magoo? the market didn't want you to miss out... it likes you :)
[11:25] {bruce} youthinkinking short aapl here vad?
[11:25] {Threei} if NQ reverses sharply while AAPL delays a little for entry
[11:25] {Threei} not into pure buying
[11:26] {Threei} see how nasty these squeezes can be?
[11:27] {Threei} NVDA is almost back into original triogger
[11:27] {esemde} OUT BRKR .00 +.24 1;1
[11:27] {bruce} hard to peg entries - retracements are pretty big
[11:27] {Threei} same idea, short if NQ reverses down quickly, and NVDA shows delay
[11:27] {Threei} wtg ese
[11:27] {Threei} good trade
[11:28] {GEOARB} vad do you trade the NQ?
[11:28] {Threei} not lately
[11:28] {Threei} mostly using it as leading indicator
[11:28] {GEOARB} ok
[11:28] {esemde} tks
[11:29] {Threei} can I annoy you a little ese?
[11:29] {Threei} please? I love annoying people so much
[11:30] {bruce} aapl trying to break down again -
[11:32] {Threei} funny... NQ is jumping up - do you see much stock's following?
[11:32] {Threei} what is it that is going up with NQ, my scanner stays red mostly
[11:33] {bruce} rimm trying to break 101 vad
[11:33] {Threei} no permission by ese... sigh...
[11:35] {Chaeron} Personally, I find annoying people without their permission is so much more satisfying... Don't you magoo? :)
[11:36] {Threei} true chaeron... I am just afraid I overdid my quota :)
[11:36] {Chaeron} quota- ok... limit? I hope there's not one......
[11:36] {magoo} :)
[11:39] {bruce} aapl break finally
[11:41] {Threei} NVDA stalled at the original trigger and dropped when NQ did
[11:41] {Threei} I didn't watch it at the moment, not sure if there was entry opportunity
[11:41] {Threei} if anyone entered let me know if you need running commentary
[11:41] {GEOARB} vad, on an average how many stock charts do you have up?
[11:41] {magoo} i do
[11:41] {magoo} short .11
[11:41] {Threei} and if you entered but too shy... stop .15
[11:42] {Threei} shy magoo... now that's the oxymoron oif the century
[11:43] {Threei} beauty of aggressive entries... 4 cents stop, already over 1:1
[11:44] {Threei} much the same as with BRKR long
[11:44] {Threei} (trying to get ese via backdoor)
[11:51] {Threei} MBI CEO REITERATES ACKMAN COMMENTS WITHOUT MERIT; ACKMAN IS 'DEAD WRONG' THAT MBIA WILL RUN OUT OF CASH
[11:53] {Threei} another squeeze is on
[11:53] {Threei} backing off
[11:58] {bruce} rimm as long vad?
[11:58] {Threei} it just had news, prety much ignored it
[11:58] {Threei} and siconnected from market
[11:58] {Threei} rather long than short... but I don't have much conviction
[11:59] {bruce} k was thinking possible retacement long near .20 with stop to 101 - trend looks up now
[12:01] {magoo} aapl ,ong?
[12:02] {Threei} no read on these stocks here
[12:02] {Threei} disorderly
[12:04] {bruce} charging rimm and aapl with disorderly conduct unbecoming a stock
[12:04] {Threei} lol
[12:10] {Threei} scanner barely crawling
[12:11] {bruce} mrvl longvad?
[12:11] {Threei} MRVL is very slow and narrow
[12:12] {Threei} you have enough parience to sit it out?
[12:12] {Threei} if so, pullback to .60 or so
[12:12] {bruce} thought it might move on .70 break
[12:13] {Threei} if it moves 5 cents over a few minutes, it will be like extreme running for it
[12:13] {bruce} lolo - k
[12:14] {Threei} 1 cent
[12:17] {magoo} mkt rolling a bit
[12:24] {Threei} 2 cents MRVL
[12:25] {Threei} 3... I was so wrong
[12:25] {bruce} shame on you vad
[12:26] {bruce} now 4!
[12:26] {Threei} yeah... tail down
[12:26] {Threei} with 10K shares, one already has decent profit
[12:26] {bruce} jaso vad?
[12:27] {GEOARB} 10k shares??
[12:27] {Threei} kidding
[12:27] {magoo} i was thinking of doing that vad
[12:27] {Threei} just making fun of very narrowmovements, geoarb
[12:27] {bruce} dont even think about it geo
[12:27] {GEOARB} i dont have that kind of margin :)
[12:28] {Threei} JASO... solars are beaten down so much, you would think sun is never rising again
[12:28] {Threei} probably deserve scalp here and there
[12:28] {Threei} but overall recovery is nowhere clkose it seems
[12:28] {GEOARB} on an average , how many charts do yo have open vad?
[12:29] {Threei} let me show you my screenshots
[12:29] {bruce} k vad
[12:30] {GEOARB} sure thanks..
[12:30] {Threei} http://www.realitytrader.com/vad/Scr1.png
[12:30] {Threei} http://www.realitytrader.com/vad/Scr2.png
[12:30] {Threei} http://www.realitytrader.com/vad/Scr3.png
[12:30] {Threei} http://www.realitytrader.com/vad/Scr4.png
[12:30] {GEOARB} 4 screens? ok
[12:31] {Threei} yeah... on one computer... there is one more with two screens, lol
[12:31] {GEOARB} heheh
[12:31] {Threei} but that one is mostly for administrative purposes
[12:31] {Threei} so I don't show it
[12:32] {Threei} magoo, stop this dcc abuse, administrative purposes don't mean porn
[12:33] {bruce} thats not porn vad
[12:33] {esemde} by everyone...have a great rest of the day....i'm long FINL here at .75 full lot
[12:33] {bruce} it's art
[12:34] {Threei} take care ese :)
[12:34] {bruce} bye ese
[12:34] {esemde} see ya vad
[12:34] {Threei} there is a huge offer at 15 for JASO... break of it worth a try for scalp if stays above .90
[12:35] {bruce} thats me selling my 10k vad
[12:36] {Threei} cool... if you get hit, dinner is on you
[12:36] {Threei} and I fully expect lobster stuffed with steak
[12:36] {Threei} lost support, invalidated
[12:37] {bruce} hmm
[12:37] {Threei} here goes my dinner
[12:37] {bruce} you like spam?
[12:37] {Laserdave1} magoo dcc please
[12:39] {magoo} dave dcc
[12:54] {bruce} rimm longon 101.5 break vad?
[12:55] {Threei} if stays above .25
[12:55] {bruce} just violated it
[13:11] {bruce} aapl short vad?
[13:11] {Threei} not sure... NQ is at the point where it can drop or spike upward with same odds
[13:11] {bruce} k
[13:12] {Threei} 50/50
[13:12] {Threei} roll a dice
[13:12] {Threei} OPEC PRES: SEES LOWER Q2 OIL DEMAND, DOES NOT THINK OPEC WILL CONSIDER INCREASING OUTPUT
[13:13] {Threei} CNBC'S GASPARINO INCREMENTAL UPDATE: NEGOTIATIONS WITH BANK CONSORTIUM GOING SLOWLY; NO DEAL ANNOUNCEMENT EXPECTED TOMORROW
[13:14] {Threei} this is the guy whose speculation on the deal to be announced sent market flying a week ago
[13:14] {Threei} can't believe they get away with it
[13:15] {Threei} ETFC
[13:15] {Threei} CEO: MANY CLIENTS WHO MOVED MONEY OUT DURING LAST YEAR'S PANIC HAVE RETURNED - INTERVIEW COMMENTS
- Notes core brokerage not back 'to business as usual' but going 'quite well'
[13:15] {Threei} - Says no longer taking risk on asset side, sees making money from bank deposits
[13:34] {ThurstonHowellTheThird} Vad, (sorry to wake you up but...)does this market look like what happened in the tech crash of 2000?
[13:34] {ThurstonHowellTheThird} just before the big drop
[13:35] {Threei} very much so
[13:35] {Threei} storngest feeling that we are on brink of abyss
[13:36] {ThurstonHowellTheThird} I was worried you would say that :(
[13:36] {Threei} why?
[13:36] {Threei} it's quite tradeable situation
[13:36] {ThurstonHowellTheThird} Just for my longer term investments...
[13:36] {Threei} pure clean bear is a beauty
[13:36] {Threei} oh
[13:36] {Threei} sorry... my thinking just doesn't go in that direction
[13:37] {ThurstonHowellTheThird} oh well, thats why I'm diversifying into a smaller time frame
[13:37] {Threei} AAPL lod
[13:38] {Threei} .35 worth a try short if stays under .50\
[13:40] {bruce} over that already
[13:40] {bruce} waiting for next setup
[13:49] {Threei} COIN.....
[13:53] {Threei} I wish I could nail entry on this one... clear uptrending momo, but finding setup on it is not a reality
[13:53] {Threei} kind of buy and hope
[13:53] {Threei} which I am loathe to do
[14:03] {bruce} new low aapl - rimm at lod
[14:03] {Threei} really want to find short
[14:04] {Threei} gotta find the right way between violent spikes that tag stops
[14:04] {bruce} rimm here w .20 stop vad?
[14:05] {Threei} very easy to gets topped
[14:05] {Threei} I would rather try to get in a spike over logical stop lwevel
[14:05] {bruce} k
[14:07] {Threei} there
[14:07] {Threei} sharp apike, hitting stopes
[14:07] {Threei} next resistance is .50
[14:07] {magoo} let us know when u go
[14:07] {Threei} watch for entry close to it
[14:07] {bruce} you were right - it stopped out .20 without giving much of a win for short on break
[14:09] {Threei} in
[14:09] {Threei} stop over .50, ready to get out and reenter if spikes again
[14:09] {magoo} in
[14:10] {Threei} half out +.30
[14:10] {Threei} +.20, sorry
[14:10] {Threei} not trailing stop
[14:10] {Threei} still over .50
[14:10] {bruce} tried at .40 but didn't get filled
[14:10] {magoo} out .09
[14:10] {magoo} TY
[14:10] {Threei} I hit the bid bruce, .38
[14:10] {Threei} out in full
[14:11] {Threei} .90
[14:11] {Threei} +.48
[14:11] {magoo} yeah
[14:11] {Threei} this is how I want to play them... into countertrend spikes, with very tight stops
[14:12] {Threei} 13-15 cents is uncharacteristically tight stop for such stock as RIMM
[14:12] {Threei} you can play it this way only with aggressive entries
[14:12] {bruce} your .50 resiswtance was right way to play it
[14:13] {bruce} entry on break woulda stopped out
[14:13] {Threei} and even closest resistance entry woyuld
[14:13] {Threei} spike over it triggering the stops, that's the only safe entry
[14:14] {Threei} [09:35] {Threei} one stock that bothers me: COIN
[14:14] {Threei} [09:35] {lumdus} your obessed with it. get it off your screen
[14:14] {Threei} [09:36] {Threei} you'll cry when it makes new 52 weeks highs :)
[14:14] {bruce} yes - noticed that had last high at .21 which is what I thought of initially
[14:14] {Threei} how about that?
[14:15] {Threei} RIMM REMOVED FROM CONVICTION BUY LIST AT GOLDMAN SACHS (TIMING UNCERTAIN)
[14:15] {magoo} u sdtill dshort rimm half?
[14:16] {Threei} [14:10] {Threei} out in full
[14:16] {Threei} [14:11] {Threei} .90
[14:16] {Threei} [14:11] {Threei} +.48
[14:16] * Threei slaps magoo around a bit with a large trout
[14:16] {magoo} sorry
[14:16] {Threei} too late
[14:16] {Threei} trout is unholstered
[14:16] {Threei} no way it goes back without finsing its target
[14:16] {Threei} finding
[14:17] {bruce} hmmm - rimm loses more than half its value in 6 months
[14:17] {bruce} and now goldman removes it from buy
[14:18] {bruce} makes sense now that they've dumped all on public
[14:18] {bruce} they don't want compettion when they start to accumulate agtain
[14:19] {Threei} you know... Buy rating - we have some for sale
[14:19] {Threei} Strong Buy - hey, buy it from us please, we have a lot left
[14:19] {bruce} lol
[14:19] {Threei} Striong Buy reiterated - someone! pleae! take it off our hands!
[14:19] {bruce} stong sell - stay away from stock we're buying
[14:20] {bruce} ah rimm - sogh - wish I'd got that shoprt
[14:20] {Chaeron} ... we're buying... but let us scare the price down lower first please...
[14:28] {Threei} here comes another spike NQ
[14:28] {Threei} let stops get hit,
[14:28] {Threei} then let's look for our entry
[14:29] {Threei} in RIMM terms, that would translate into something closer to 100
[14:30] {Threei} what the heck is "conviction buy list"...
[14:31] {cosmo} your legal options...
[14:31] {Threei} lol
[14:31] {cosmo} :)
[14:32] {Threei} RIMM is coming there
[14:32] {Threei} one more vertical slpike please
[14:33] {bruce} theres resistnace at 100.15 vad as well as 100
[14:33] {Threei} yes
[14:34] {Threei} what I want is RIMM cutting through those on a parabolic move
[14:34] {Threei} doesn't really matter whether it stops between them or slightly higher than .15
[14:34] {Threei} NQ reversed... isn't getting there
[14:34] {Threei} oh well
[14:35] {Threei} actaully...
[14:35] {Threei} NQ, if goes up again forms higher low on 1 min
[14:35] {Threei} RIMM is at day's low
[14:35] {Threei} will be good bounce scalp candidate
[14:35] {bruce} got you - but we should have been looking for slowdown between 100 and .15 or so then a stop of about 20c?
[14:35] {Threei} yes
[14:36] {Threei} watching for long scalp right now
[14:36] {bruce} k - thanx good advicethose stocks are tough to play - get murdered on breaks in them
[14:36] {Threei} in
[14:36] {Threei} stop .10
[14:37] {magoo} in
[14:37] {Threei} nope
[14:37] {magoo} out
[14:38] {Threei} was a shot at double bottom NQ, but it failed
[14:39] {Threei} still looks tempting but I'd like to see one more sharp selloff
[14:39] {bruce} yep - a good try
[14:39] {Threei} like this one
[14:39] {Threei} one more leg down please
[14:41] {bruce} selling slowed - this the entry?
[14:41] {Threei} in
[14:41] {Threei} .85, stop .70
[14:42] {Threei} tough one eh?
[14:43] {bruce} stopped
[14:43] {bruce} yes -
[14:43] {bruce} still - I like these plays
[14:43] {Threei} yeah, doesn't look like it's ready
[14:43] {bruce} in and out quick
[14:44] {bruce} and nice potential on them
[14:44] {bruce} you're probably right about 1 more leg down
[14:44] {Threei} would prefer them working
[14:44] {Threei} but with these tight stops, way narroqwer than wins we took on it, I don't really mind
[14:45] {bruce} me too - but caqn live w 15c stops in these
[14:49] {Threei} situation reverses: NQ new low, RIMM not
[14:49] {bruce} aapl really selling off
[14:49] {bruce} another try rimm here vad?
[14:50] {Threei} looks like, just want NQ to show some guts
[14:51] {Threei} got .59, sorry, too fast
[14:51] {Threei} .69
[14:51] {Threei} typing deteriorates
[14:51] {Threei} stop is self-explanatory
[14:52] {Threei} come on RIMM, let's kill those shorts, we all hate them
[14:52] {Threei} excpet when we are them
[14:53] {Threei} if it bounces I want 99
[14:53] {Threei} at least
[14:53] {magoo} in .72
[14:54] * Threei kicks RIMM in the rear with heavy duty army boots
[14:55] {Threei} sheesh... NQ has no staying power whatsoever
[14:55] {Threei} out
[14:55] {bruce} stopped rimm
[14:55] {magoo} twice
[14:55] {bruce} damn
[14:55] {bruce} damn
[14:57] {Threei} initial instinct is te best to follow... short was still the way to go
[14:57] {bruce} looks to be good support near 98 vad
[14:57] {Threei} good to break you mean?
[14:58] {bruce} lol
[14:58] {Threei} :)
[14:58] {bruce} pessimist
[14:58] {bruce} rimm kicked back
[15:01] {Threei} what was that?
[15:02] {bruce} that was rimm kicking sand in our faces
[15:02] {Threei} did you see that march from .80 back into 98?
[15:04] {bruce} my charts show low of 98.03 vad
[15:04] {Threei} yes
[15:05] {Threei} I am talking about it dropping from first bounce to 98.80 all the way back into 98 and immediately back up
[15:05] {Threei} both faster than you can say mama
[15:06] {Threei} 15:02
[15:06] {bruce} got you - might be bad tick
[15:06] {Threei} nope
[15:06] {Threei} level 2 did whole dance
[15:06] {Threei} all bids and offers
[15:07] {bruce} well - thats rimm for ya
[15:07] {ThurstonHowellTheThird} looked like super-fast battle between bulls and bears
[15:07] {bruce} hard to keep 20 stops with that kind of dancing
[15:07] {Threei} that was quite unusual even for RIMM
[15:08] {bruce} not at all vad
[15:08] {bruce} I'm playing it remember
[15:08] {bruce} got to expect the weird wild and unusual
[15:15] {bruce} your thoughts on rimm long play if breaks 99 vad?
[15:15] {Threei} chart wise yes
[15:16] {Threei} its manner of tradin last hoyur - anything can happen
[15:16] {bruce} k- that sounds like hesitation to me
[15:16] {bruce} k
[15:16] {Threei} I will be equally unamazed to see it ramping up a buck or dropping all the way back
[15:17] {Threei} it's not hesitation, it's rather:
[15:17] {Threei} consider your willingness to handle the way it trades
[15:22] {Threei} TMA
[15:22] {Threei} FINANCES NEARLY $1.0 B OF PRIME HYBRID ARMS IN SECURITIZATION TRANSACTION
[15:26] {magoo} its avail short vad
[15:26] {Threei} scary
[15:27] {Threei} it's a news about the very heart of its issues
[15:27] {magoo} any play RIMM here?
[15:27] {Threei} core reason of gap down
[15:27] {cosmo} HYBRID ARMS ...sounds like an IED...
[15:33] {magoo} ifmkt continues up....rimm maybe long
[15:42] {Threei} geoarb, look dcc please
[15:52] {Threei} am I alone in crying over COIN?
[15:53] {bruce} pretty much vad
[15:53] {Threei} fine... be that way
[15:53] {bruce} I'm crying case we missed the 2 buck retrace in rimm
[15:54] {Threei} I am not
[15:54] {Threei} I couldn't read it
[15:54] {magoo} balling here
[15:54] {bruce} what are you balling mags?
[15:55] {bruce} do we do that stuff in this room vad - balling?
[15:55] {GEOARB} hehehe
[15:55] {Threei} all these stocks like RIMM, AAPl, NVDA etc
[15:56] {Threei} they are readabke one day, out of read another
[15:56] {Threei} sometimes changes even midday
[15:56] {Threei} you could see it last week with AAPL
[15:56] {Threei} just trying them to see if they work
[15:56] {Threei} if they do, fine
[15:56] {Threei} they become a subject of abuse
[15:57] {Threei} much like we abused AAPL last Thursday
[15:57] {Threei} they don't, we hunt for another
[15:57] {Threei} but COIN, sheesh... had a strongest feeling about it, talked for days
[15:58] {Threei} OK guys, thank you all
[15:58] {Threei} have a good evening
[15:58] {Threei} see you tomorrow
[15:59] {GEOARB} thanks vad
[15:59] {dptl} have a good evening all
[15:59] {magoo} ty all
