March 4 2008
[08:36] {Threei} SEED
[08:36] {Threei} NEW CORN HYBRID SEEDS APPROVED IN PROVINCES THROUGHOUT CHINA
- It has approved five new corn hybrid varieties for its product line for distribution during the next sales season in provinces throughout Central and West China.
[08:36] {cosmo} for food?
[08:37] {cosmo} PRFT
[08:38] {Threei} COIN again
[08:39] {Threei} oh... good morning
[08:39] {cosmo} for corn, anyway
[08:42] {dptl} good morning all
[08:42] {Threei} dp :)
[08:43] {Threei} EMKR
[08:43] {Threei} RECEIVES LETTER FROM SEC, , DO NOT RECOMMEND ENFORCEMENT ACTION - FILING 2/27
[08:44] {Threei} PREVIEW: FED'S BERNANKE SCHEDULED TO SPEAK ON MORTGAGE FORECLOSURES AT A BANKERS CONVENTION IN FLORIDA AT 9AMET
- the topic is "Reducig Preventable Mortgage Foreclosures"
[08:44] {Threei} - there will be a prepared text and audience Q&A
[08:44] {Threei} **reminder: in his 2/28 testimony Bernanke said:
[08:44] {Threei} - Credit disruptions are 'not near' an end, housing a 'continuing problem' weaker USD causing drop in trade gap
[08:44] {Threei} - Inflation a bigger problem than in 2001, 'fair' to say tougher to respond now than in 2001
[08:44] {Threei} - Says monetary stimulus shoul
[08:44] {Threei} should help 2H growth
[08:44] {Threei} - Notes 'additional' housing steps may be needed later
[08:44] {Threei} - Bernanke says does not expect stagflation
[08:44] {Threei} - says 'there will probably be some bank failures', but not among larger banks
[08:46] {esemde} morning all
[08:46] {Threei} ese :)
[08:46] {patience} morning RT :)
[08:46] {Threei} patience :)
[08:46] {esemde} morning patience
[08:53] {GeoArb} good morning
[08:53] {Threei} geoarb :)
[08:54] {magoo} morning
[08:55] {Threei} mags :)
[08:58] {cosmo} SEED tests
[09:02] {Threei} FED'S BERNANKE: DELINQUINCIES, FORECLOSURES TO RISE FOR A WHILE LONGER
[09:02] {Threei} YESSSS!!!
[09:02] {Threei} NXXI
[09:02] {Threei} NEW CLINICAL DATA FURTHER SUPPORTS CHROMIUM PICOLINATE'S ROLE IN ENHANCING BRAIN ACTIVITY IN OLDER ADULTS
[09:03] {Threei} wait for me, running to the store
[09:05] {Threei} Ben:
[09:06] {Threei} - More should be doene to stem foreclosure increase
[09:06] {Threei} - Urges lenders to expand mortgage principal writedowns
[09:06] {Threei} - Up to now reductions of loan principal have been rare
[09:06] {Threei} - Lack of refinance options needs vigorous response
[09:06] {Threei} - Further declines in house prices are likely
[09:06] {Threei} - Barriers to workouts pose serious problems
[09:11] {esemde} january low in indexes is still holding....and +.24 in FINL at end of the day yesterday
[09:13] {cosmo} Ben gonna do the mkt open?
[09:14] {esemde} anyone thinking long SEED 6.81...
[09:14] {esemde} bstop??
[09:15] {Threei} tough one ese
[09:15] {esemde} how so Vad
[09:15] {Threei} got dumped on disastrous earnings recently
[09:15] {esemde} ahhhhh
[09:15] {Threei} I'd think, there are a lot of holders stuck in it
[09:15] {cosmo} SEED should hold 6.50 ...needs to hold .45
[09:15] {Threei} eager to dump on any rally attempt
[09:16] {esemde} gottcha...
[09:18] {ThurstonHowellTheThird} gm all
[09:18] {Threei} THTT :)
[09:19] {Threei} lol, look at this
[09:19] {Threei} ALGERIAIN OIL MINISTER: OPEC CUT IN CRUDE OUTPUT MAY BE REQURIED
[09:19] {Threei} ese, news on FINL
[09:19] {Threei} ANNOUNCES SETTLEMENT OF LITIGATION
[09:21] {Threei} [12:33] {esemde} by everyone...have a great rest of the day....i'm long FINL here at 3.75 full lot
[09:21] {Threei} that's a heck of the way to start the day
[09:22] {Threei} can't help but post this nugget of wisdom:
[09:22] {Threei} AUSTRIAN MIN: STRONG EURO HAS ADVANTAGES AND DISADVANTAGES
[09:22] {esemde} AMAT ??
[09:23] {Threei} 09:06am [AMAT] Signs sales agreements valued at $1.9B
[09:24] {esemde} it's moving this morning
[09:24] {Threei} you out FINL or holding for more?
[09:24] {esemde} I'm out...
[09:24] {esemde} +.24
[09:24] {Threei} before news?
[09:24] {esemde} don't want to hold anything overnight....
[09:24] {Threei} oh
[09:25] {esemde} is there news on it this morning?
[09:25] {Threei} take me off ingore, will ya :)
[09:25] {Threei} [09:19] {Threei} ese, news on FINL
[09:25] {Threei} [09:19] {Threei} ANNOUNCES SETTLEMENT OF LITIGATION
[09:27] {esemde} I took a 450.00 hit on SOLF a few days back holding it ovenight....gun shy now...
[09:29] {esemde} just logged onto FINL I see what you mean
[09:30] {Threei} OPEC PRESIDENT SAYS TWO OPTION REMAIN ON THE TABLE AT THIS TIME - CUT OR HOLD PRODUCTION
[09:32] {magoo} dam..was looking at COIN as a break of .18 and POP
[09:32] {magoo} over .39
[09:33] {Threei} don't chase COIN
[09:33] {magoo} nah
[09:33] {magoo} just saying
[09:33] {Threei} it's a typical pullback stock
[09:33] {bruce} aapl just did its fakeoiut long again before dropping
[09:35] {Threei} JNPR 26.01 long if stays above .90
[09:36] {Threei} 1:1 quickly
[09:36] {Threei} scalpers get your first kill for the day
[09:36] {Threei} sane traders, half out
[09:37] {Threei} stop .94 for the balance
[09:37] {Threei} 1:2
[09:37] {Threei} 1/4 more out
[09:37] {Threei} stop to .99
[09:37] {magoo} out ,23 NICE
[09:37] {Threei} 1"3, full out
[09:38] {magoo} easy button
[09:38] {Threei} where is that easy button
[09:38] {Threei} lol magoo
[09:38] {magoo} on my desk
[09:38] {magoo} lol
[09:39] {magoo} how about shorting it on its breather vadf JNPR
[09:39] {Threei} if it forms setup...
[09:39] {Threei} I am not shorting just because it's "too high"
[09:40] {bruce} seed on break of 6.80 long vad?
[09:40] {magoo} jnpr have news?
[09:40] {Threei} nope
[09:42] {magoo} RIMM bounce w/mkt
[09:43] {Threei} STEN, say what?
[09:43] {Threei} disregard as a tgrading candidate, spread is out of this universe
[09:44] {Threei} just curious
[09:44] {magoo} its avail short too
[09:45] {magoo} so thin it could go 8 vad
[09:45] {Threei} gosh... take it off your screen please :)
[09:45] {bruce} ceco short setup
[09:46] {Threei} FINL, 4.55 long if holding above 4.40
[09:46] {Threei} make sure big offer at .55 getting hit
[09:46] {Threei} don't be a first buyer
[09:47] {magoo} bigger offer .60 boss
[09:50] {Threei} WHITE HOUSE: OIL PRODUCING COUNTRIES SHOULD KEEP THE MARKET WELL-SUPPLIED
[09:50] {Threei} really?
[09:51] {esemde} doing a dino,,,,,long PRFT. 8}05...
[09:51] {bruce} nvda looking like short
[09:51] {esemde} looking for a bounce
[09:52] {magoo} COIN gonna go 16 vad
[09:52] {Threei} and no lum to slap
[09:54] {magoo} we need to watch it
[09:54] {magoo} look for entry
[09:56] {Roman}
21 TSRA
[09:56] {Roman}
21 capit play
[09:56] {Roman}
21 in small super risky 19.10
[09:58] {Roman}
21 stopped -.50
[10:00] {Threei} hmmm... blast from the past
[10:00] {Threei} SCON
[10:05] {Threei} very scary stock with huge potential for both, profit, and loss
[10:05] {Threei} VISN
[10:05] {magoo} which is it?profit?
[10:05] {Threei} no specific call, want to leave it to your discretion without encouraging anyone to take such risky one. If you can read it, go for it. If not, disregard
[10:08] {patience} s3
[10:08] {patience} oops, sorry
[10:09] {Threei} no problem... but we need password too
[10:09] {magoo} man, look at qqqq minute charet
[10:09] {magoo} chart
[10:09] {Threei} quite wird eh?
[10:09] {magoo} my 4 yr old coloring
[10:09] {Threei} yup
[10:09] {Threei} pencil tied to the mule's tail
[10:09] {magoo} with only two crayons
[10:09] {Threei} mule is naturally drunk
[10:17] {magoo} vad, JNPR held well
[10:17] {magoo} in VISN too @ .83
[10:17] {bruce} nvda consolidating at bottom here
[10:17] {magoo} thats me @ .38
[10:17] {bruce} long candidate vad?
[10:18] {Threei} I amnot rushing into anything like JNPR or NVDA
[10:18] {Threei} this wierd quiet in the market is somewhat...
[10:18] {Threei} disturbing
[10:18] {Threei} it's going to resolve into something dramatic
[10:18] {Threei} and I don't want to be caught on the wrong side
[10:19] {Threei} risk is small here bruce
[10:19] {Threei} can take it on that alone of course
[10:19] {Threei} those risk-based setups magoo prmised to interrogate me about when the time comes
[10:20] {bruce} that was my thought vad - only 5c risk or so
[10:20] {Threei} yup
[10:23] {Threei} may I post the most useless crap crossed wires today... I think this one tyakes the prize
[10:23] {Threei} EIA SAYS CRUDE OIL COULD HIT $185 PER BARREL IN NOMINAL DOLLARS IN 2030
[10:23] {Threei} in 2030?
[10:24] {Threei} could?
[10:24] {magoo} seems low for then lol
[10:25] {Threei} if there is a job somewhere paying real well for coming up with such headlines, my son is looking
[10:25] {magoo} bruce u long NVDA?
[10:27] {bruce} not filled mags - tried .60
[10:27] {Chaeron} you're right magoo - my house appreciation has a faster rate of return than oil by the year 2030
[10:27] {magoo} i caught .64
[10:28] {bruce} K - I was thinking exit target at or below .70 - so wanted .60 or nothing
[10:28] {magoo} mkt killed it
[10:28] {magoo} i laid it .74, no go tho
[10:29] {bruce} yes - just chopping for moment
[10:29] {bruce} no idea of market direction now - up or down
[10:29] {bruce} so going to do just quick scalps
[10:31] {magoo} man
[10:31] {bruce} wow - tsra roman -
[10:32] {Threei} mags... VISN is coming
[10:33] {magoo} what u think on it ?
[10:33] {Threei} if takes .20, no telling where it can go
[10:37] {Threei} TSRA
[10:37] {Threei} HEARING DEFENDED AT PIPER JAFFRAY
[10:38] {Threei} PIPR: wait for us, we haven't sold yet
[10:40] {Threei} RIMM is interestingly strong
[10:41] {bruce} just thnking same vad
[10:41] {bruce} qs look weak tho0ugh
[10:42] {bruce} if they dump rimm probably will too
[10:45] {magoo} out VISN
[10:45] {magoo} mkt losing it
[10:46] {bruce} sure looks like it mags
[10:47] {magoo} but there is a climb in bidu too
[10:47] {magoo} they follow mkt
[10:50] {Threei} thisis intriguing, RIMM
[10:52] {Threei} wow
[10:53] {Chaeron} I didn't have the guts... I suck
[10:54] {magoo} its either a great sh opportunity or mkt trying to resolve up
[10:56] {bruce} you were thinking of just going long rimm on the euphoria chaeron?
[10:57] {Chaeron} the basing at .95 area and the pace... was thinking scalp, that's all
[10:58] {Roman}
21 long PAAS small
[10:59] {Roman}
21 40.11
[10:59] {bruce} k
[10:59] {Threei} NBER'S FELDSTEIN SAYS FED HAS ROOM TO LOWER RATES, BUT MAY NOT HAVE TRACTION
[10:59] {bruce} fed needs snow tires
[11:00] {Threei} BRCM short for scalp .56 stop
[11:05] {Threei} feels like sharp drop is in cards for the NASDAQ
[11:06] {Threei} sharp drop it is
[11:06] {magoo} sh brcm @ .49
[11:06] {magoo} where ui guys?
[11:06] {ThurstonHowellTheThird} .49
[11:06] {bruce} so much for rimm and bidu longs for now mags
[11:06] {bruce} brcm .49for me too
[11:06] {magoo} i shorted BIDU bruce
[11:07] {magoo} [10:54] {magoo} its either a great sh opportunity or mkt trying to resolve up
[11:08] {bruce} nice play mags
[11:08] {bruce} congrats
[11:08] {Threei} BRCM is much slower than I would have liked
[11:09] {Threei} considering how jumpy this market can be I am trying to pick the safest ones with narrow stops
[11:09] {magoo} covered here .88, + .1.18
[11:09] {Threei} but the opposite side of the coin is slow
[11:09] {ThurstonHowellTheThird} i like slow :)
[11:10] {Chaeron} that's hugemagoo... good for you
[11:10] {bruce} I like + 1.18 wtg mags
[11:10] {Threei} yeah, can take a nap meanwhile... I know what you mean
[11:14] {Threei} wow... how did I miss AMLN 24.40 breakdown
[11:14] {Threei} such clean BDI
[11:15] {Threei} grr BRCM
[11:15] * Threei slaps Laserdave1 around a bit with a large trout
[11:15] {Threei} it's dave's fault
[11:15] * magoo slaps Laserdave1 around a bit with a large trout
[11:17] {Threei} COIN .50 long half lot
[11:17] {Threei} stop under .25
[11:27] {Threei} stopped
[11:27] {bruce} stopped coin
[11:27] {esemde} outta here...have a great day...
[11:28] {Threei} why didn't I just go back to sleep after JNPR trade
[11:28] {Threei} take care ese
[11:28] {bruce} bye ese
[11:29] {Chaeron} whole lotta "nap" and "sleep" talk... zzzzzzzzzz
[11:35] {bruce} l nvda .33 stop.29
[11:35] {magoo} me too
[11:38] {Chaeron} .
[11:41] {magoo} iof NVDA stops me again.i gonna cut my wrists with a banana
[11:42] {ThurstonHowellTheThird} short NVDA .37 stop .41
[11:43] {Threei} cool... we are hedged
[11:53] {Threei} watching AMZN for long off pullback
[11:53] {Threei} it's at support, just want to see NQ upticking
[11:54] {bruce} 1/2 out nvda here - 3 to 1 on risk
[11:54] {Threei} in, stop .69
[11:55] {Threei} nope
[11:55] {Threei} needs one more leg down
[11:58] {Threei} KLAC REITERATES Q3 BOOKING FLAT TO DOWN 20%
[11:59] {bruce} out nvda balance float
[12:01] {bruce} vad - your thoughts on rimm short?
[12:02] {Threei} prety much in NQ hands, and NQ is absolutely unreadable here...
[12:02] {bruce} k
[12:03] {Threei} look at this spike out of nowhere
[12:03] {bruce} amzn was tricky - youhad right entry but downtick was sharp
[12:03] {Threei} EIA: OPEC NEEDS TO BOOST OUTPUT BY 300-500K BPD TO BUILD GLOBAL OIL STOCKS AND LOWER PRICES{USO OIH}
[12:05] {Threei} RIMM looks better for short
[12:05] {Threei} stop is very tight here
[12:06] {Threei} don't short into buying, wait for weakness to show up
[12:06] {Threei} ugh... too fast
[12:06] {Threei} leaving it alone for now
[12:07] {Threei} no point to try and play these 10 cents rapid moves
[12:08] {Threei} short .98
[12:08] {Threei} 100.05 stop
[12:09] {bruce} tsra going green
[12:10] {bruce} wow - terrific entry vad
[12:10] {Threei} doesn't want to drop with market though
[12:11] {Threei} and I don't want top take 10 cents profit :)
[12:11] {Threei} better
[12:12] {Threei} out half .75
[12:12] {Threei} +.23
[12:12] {Threei} if my math is right
[12:13] {Threei} out balance
[12:14] {bruce} nice - too bad it didn't drop further
[12:16] {bruce} nvda still trying to go long
[12:18] {Threei} GRMN .71 long half lot
[12:18] {Threei} .54 stop
[12:19] {Threei} under .50 invalidated
[12:21] {bruce} l grmn .65
[12:21] {dptl} got to go ....have a good the rest of the day
[12:21] {Threei} take care dp
[12:23] {bruce} out grmn .85 - voer 1 to 1 for me
[12:23] {Threei} I hate you
[12:24] {bruce} nasty thing to say about dp vadster
[12:24] {Threei} but he left
[12:24] {bruce} yes - you hurt his feelings
[12:24] {Threei} but after he lft
[12:25] {Threei} RIMM is serious about upswing...
[12:25] {bruce} k- thats it then - say nasy things behind peopls back
[12:26] {Threei} GRMN 1:1
[12:27] {Threei} don't oversit it guys
[12:27] {Threei} this is one tricky market
[12:27] {Threei} I am out
[12:27] {Threei} RIMM lost its mind
[12:28] {magoo} moving with mkt vad
[12:28] {magoo} bidu up too
[12:28] {Threei} much stronger
[12:28] {magoo} agree with that
[12:28] {Threei} it uses market help direction wise, yes
[12:28] {Threei} but look at it making new highs while NQ is far from it
[12:29] {magoo} agrree
[12:29] {Threei} and in the green territory while NQ is still underwater
[12:32] {Threei} PRESIDENT BUSH: OPEC MAKING A MISTAKE BY LETTING BIG ECONOMIES SLOW DUE TO HIGHER ENERGY PRICES
[12:39] {cosmo} AMAT
[12:39] {cosmo} 20 wall
[12:39] {cosmo} ...history
[12:41] {Threei} FED'S KOHN: WOULD BE VERY CAUTIOUS ABOUT OPENING THE DISCOUNT WINDOW MORE BROADLY
- says could widen the window in unusual cases, but widening increases moral hazard
[12:41] {Threei} - Does not think liquidity is issue in restarting financial markets at this time
[12:41] {Threei} - Says market confidence that can price assets properly crucial to market stability
[12:44] {magoo} out GTRMN here .21 TY
[12:45] {Threei} welcome
[12:45] {magoo} u out full?
[12:45] {Threei} yes
[12:47] {Threei} nice AMAT cos
[12:50] {cosmo} :)
[12:50] {magoo} if IF mkt resumes RIMM bouncer
[12:50] {bruce} any read flir here vad?
[12:51] {Threei} no
[12:51] {Threei} I am looking at FLIR daily
[12:51] {Threei} and hate what I see
[12:52] {bruce} k
[12:52] {Threei} it's like it was taken over
[12:52] {Threei} ummm... in this case, taken under
[12:53] {bruce} beat up bad - thought we might get p[op if broke .72
[13:00] {bruce} market selling off again
[13:06] {bruce} s nvda .54 stop .58
[13:07] {bruce} stopped
[13:17] {bruce} taking break
[13:17] {bruce} for anyone doing dino typre reversals - possible long setuup coming in mon
[13:26] {Threei} yo yo
[13:29] {Threei} FED'S MISHKIN: SUBPRIME DEFAULTS MOSTLY IN VARIABLE, NOT FIXED RATES, SUBPRIME MORTAGE MARKET 'DEAD AS A DOORNAIL'
[13:29] {Threei} what kind of language is that
[13:35] {Threei} now what?
[13:36] {Threei} no news on wires that would cause this
[13:36] {patience} ? what are you looking at vad
[13:37] {Threei} market sudden drop
[13:37] {patience} probably dino trading from mexico
[13:37] {Threei} he promised to stay with Corona
[13:37] {Threei} can't help himself eh
[13:38] {patience} i'm just jotting down my shopping list for the lows :)
[13:38] {Threei} Bre-X for me
[13:39] {Threei} this bounce shouldbe met with more sellig
[13:39] {Threei} looking to short RIMM, hopefully closer to .50
[13:41] {Threei} no chance
[13:42] {Threei} you know what
[13:42] {Threei} staying on a sideline
[13:42] {Threei} look at NASDAQ
[13:42] {Chaeron} can't lose $ that way.... :)
[13:43] {Threei} this is beyond psychotic
[13:46] {Threei} glad to see RIMM dropping off resistance .50 -.60, but this is pure theoretical joy
[13:46] {Threei} no way I risk a penny until market stabilizes
[13:49] {bruce} thats it - vads not trading for next 6 months
[13:51] {Threei} lol
[13:51] {Threei} or 5 minutes
[13:52] {bruce} I like mon short - but can't see low risk entry
[14:00] {Chaeron} AAPL -COO TIM COOK SAYS PLANS TO SELL IPHONE IN ASIA IN 2008
[14:04] {bruce} vad - you got a capitulation retrace trade for us?
[14:05] {bruce} 5 mins is up
[14:05] {Threei} nope
[14:05] {bruce} sheesh
[14:05] {bruce} not that I expected one
[14:13] {GeoArb} test
[14:17] {bruce} looks like another market drop coming - could short rimm here
[14:27] {Threei} MNTA half lot .60 break long
[14:29] {Threei} stop under .40
[14:29] {magoo} i like RIKMM long, any thought vad?
[14:30] {Threei} coin toss but why not as long as you are fine with stop size
[14:30] {Threei} .25 nearest support
[14:40] {Threei} if pattern of the last hour or so holds, it's a short time
[14:40] {Threei} RIMM with stop above .50
[14:40] {Threei} invalidated, wait for weakness
[14:41] {Threei} next resistance 100
[14:41] {Threei} it breaks, no play
[14:42] {Threei} broke
[14:42] {Chaeron} geeeesh
[14:42] {Threei} 100.5 is a bit too far
[14:42] {Threei} not likely to go close to it... but that's where stop would have to be
[14:42] {Threei} nearing
[14:43] {Threei} OK, in
[14:43] {Threei} stop .60
[14:43] {Threei} got .39 on entry
[14:43] {Threei} out
[14:44] {Threei} .10 and .13
[14:45] {Threei} that was frikin fast
[14:45] {Threei} anyone managed?
[14:46] {bruce} noppers
[14:46] {Chaeron} tried and missed entry
[14:46] {Chaeron} nice job tho
[14:53] {magoo} keep looking vad
[14:53] {magoo} ill take next one
[14:57] {Threei} want RIMM pullback closer to .30 for long
[14:57] {Threei} here it is, first strength from here
[14:58] {Threei} stop under .20
[14:58] {Threei} over 1:1
[14:58] {Threei} lol
[14:58] {magoo} in
[14:59] {Threei} feel free to take profit whenever
[14:59] {magoo} out .78
[14:59] {Threei} you are about 50 cents
[14:59] {magoo} TY
[14:59] {Threei} welcome
[15:00] {magoo} 101 break a long vad?
[15:01] {Threei} not by me
[15:01] {Threei} I don't buy breaks at the top of vertical movement
[15:01] {magoo} in out .34
[15:02] {Threei} pullback or consoldiation or bust for me
[15:03] {magoo} 102 in the cards imho
[15:04] {Threei} mama mia...
[15:04] {Threei} I don't think I've seen such moves as we see today
[15:04] {Threei} EVER
[15:05] {magoo} symbol??nothing
[15:05] {magoo} EVER?
[15:09] {Threei} sigh
[15:10] {Threei} ever - as in never seen anything like this
[15:10] {Chaeron} dang.... looking on L2 for EVER too magoo....
[15:10] {Threei} MNTA, feel free to take scalp
[15:10] {Threei} even though it's not at 1:1
[15:10] {Threei} don't want to be formal here, tyhis is very informal market
[15:12] {magoo} chaer:)
[15:14] {magoo} feels like 104
[15:15] {magoo} or close easy]in
[15:16] {magoo} out
[15:19] {magoo} VAD..where reentry long RIMM?
[15:20] {Threei} in the nearest pub
[15:21] {magoo} if IF mkt comtinues...105
[15:22] {magoo} but..mkt may roll too
[15:22] {Threei} no seriously guys
[15:22] {magoo} tell u..i don't care either way as long as it moves with conviction
[15:23] {Threei} have a look at intraday NDX or COMPX or QQQQ or whatever you use for nasdaq
[15:23] {magoo} QQQQ here
[15:23] {Threei} anyone ever saw day like this?
[15:23] {magoo} uh..yesterdsay
[15:23] {Chaeron} sure.... in the futures pits....
[15:24] {Threei} that's only if you haven't ducked that elbow chaeron
[15:24] {Chaeron} heheh... still hurts when I press on it
[15:25] {magoo} but really..and this sux..everyday u say it looks like drunken dsonkey
[15:26] {Threei} why sux... add up today's calls, quite nicely in the money
[15:26] {Threei} had to be extra careful today and sit out a bit bigger portion of the day thaan usual
[15:26] {Threei} but who cares, it's the end result that matters
[15:27] {magoo} im struggling w/mkt
[15:27] {Threei} you know very well it's bound to change
[15:27] {Threei} we had it very easy in the fall
[15:28] {Threei} so so in the winter
[15:28] {Threei} extra careful trading right now
[15:28] {Threei} what's next?
[15:29] {Chaeron} we return to the 1999 type of trading :)
[15:29] {Threei} think of market as one of aspects of life... just as in any other aspect, bellyful to famine and back
[15:30] {Threei} 1999 is a honeymoon type of trading
[15:30] {Threei} can do no wrong
[15:30] {Threei} if it's ever coming back, I'll take it :)
[15:35] {Chaeron} *sigh*..... (RIMM)
[15:35] {Chaeron} calling 105 mags?
[15:35] {magoo} yes
[15:35] {Threei} I do
[15:36] {magoo} in out several
[15:36] {Threei} but I don't know which year
[15:38] {Threei} held 104 on opullback
[15:38] {Threei} can try with stop just under
[15:39] {Threei} in
[15:39] {Threei} .07
[15:39] {magoo} need mkt spike
[15:40] {Threei} what, we are out of those??
[15:40] {Threei} yeah
[15:40] {Threei} anyway, stop under .90
[15:40] {Threei} h\ere comes spike
[15:40] {magoo} in w/ya
[15:41] {Threei} come on RIMM
[15:41] {Threei} half out
[15:41] {magoo} kicking it
[15:43] {magoo} GggggOOOOOOOOOOOOOOOO
[15:43] {Threei} dizzy yet?
[15:44] {Threei} I am geting seasick
[15:44] {bruce} thats rimmsick vad
[15:44] {Threei} lol
[15:46] {Threei} I am not looking... are we there yet?
[15:47] {Threei} out balance
[15:48] {Threei} the way it goes today, will regret most likely :)
[15:48] {magoo} tough
[15:48] {Threei} lol
[15:48] {magoo} killing my eyes
[15:48] {Chaeron} .......I quit..... LOL
[15:48] {Chaeron} lost $22 and happy...
[15:49] {Threei} why not partial out when it spikes?
[15:49] {Chaeron} only got partial... too small
[15:50] {Chaeron} partial in that is
[15:51] {Threei} tomorrow I am goling to take first trade, skip two or three next, then start taking them again closer to eod
[15:51] {Threei} looks like those I win
[15:51] {Threei} last few days that is
[15:56] {magoo} gooooooooooooooo
[15:56] {magoo} rimm
[15:57] {bruce} you in mags - Hope so - I got stopped
[15:57] {Threei} careful mags, time is almost out
[15:58] {Threei} 2 min
[15:59] {Threei} 1
[15:59] {Threei} get out please, will ya?
[15:59] {magoo} out .73 TY
[15:59] {Chaeron} nice job
[15:59] {Threei} whew
[15:59] {magoo} no kidding
[15:59] {Chaeron} never seen you plead before Vad :)
[15:59] {Threei} thank you all guys, have a good evening, see you tomorrow in our asylum
[15:59] {magoo} vad wait..agree w/you
[16:00] {Threei} that was "please with trout in hand" chaeron
[16:00] {Chaeron} ah
[16:00] {magoo} i losing early everyday and fightoing back
[16:00] {magoo} we need to be aware of this
[16:00] {Threei} we are
[16:01] {Threei} but when I sit out, you trout me demanding a trade
[16:01] {Threei} :)
[16:01] {bruce} presonally - I'm getting killed- missing almost all vads wining trades and catching the losses
[16:02] {magoo} i struggling too..they are fast
[16:02] {Chaeron} I'm missig a few by a penny or two... frustrating bruce... not an easy day
[16:02] {Chaeron} damn... it's over???
[16:03] {bruce} I know chaer- frustrating though
[16:03] {Chaeron} yep... and I still am looking for more.. LOL (masochist)
[16:03] {bruce} yeah - you have to trade post mket if you want some more fun
[16:04] {Chaeron} naaaaaa. rather go to Vegas for that..... free drinks when you gamble there
[16:04] {Chaeron} bye all. Thanks Vad and everyone
[16:04] {Chaeron} UPDATE: DAVENPORT RAISED GRMN TO NEUTRAL FROM SELL
[16:04] {magoo} bye chaer
[16:04] {bruce} night all
[16:04] {magoo} bruce:)
[16:05] {bruce} have a brew for dino there mags
[16:05] {magoo} i all alone, but hey..OK
[16:05] {bruce} yeah - no fightingat the fridge
[16:06] {bruce} bet dnos pouring em back
[16:11] {magoo} oh yeah they are
[08:36] {Threei} NEW CORN HYBRID SEEDS APPROVED IN PROVINCES THROUGHOUT CHINA
- It has approved five new corn hybrid varieties for its product line for distribution during the next sales season in provinces throughout Central and West China.
[08:36] {cosmo} for food?
[08:37] {cosmo} PRFT
[08:38] {Threei} COIN again
[08:39] {Threei} oh... good morning
[08:39] {cosmo} for corn, anyway
[08:42] {dptl} good morning all
[08:42] {Threei} dp :)
[08:43] {Threei} EMKR
[08:43] {Threei} RECEIVES LETTER FROM SEC, , DO NOT RECOMMEND ENFORCEMENT ACTION - FILING 2/27
[08:44] {Threei} PREVIEW: FED'S BERNANKE SCHEDULED TO SPEAK ON MORTGAGE FORECLOSURES AT A BANKERS CONVENTION IN FLORIDA AT 9AMET
- the topic is "Reducig Preventable Mortgage Foreclosures"
[08:44] {Threei} - there will be a prepared text and audience Q&A
[08:44] {Threei} **reminder: in his 2/28 testimony Bernanke said:
[08:44] {Threei} - Credit disruptions are 'not near' an end, housing a 'continuing problem' weaker USD causing drop in trade gap
[08:44] {Threei} - Inflation a bigger problem than in 2001, 'fair' to say tougher to respond now than in 2001
[08:44] {Threei} - Says monetary stimulus shoul
[08:44] {Threei} should help 2H growth
[08:44] {Threei} - Notes 'additional' housing steps may be needed later
[08:44] {Threei} - Bernanke says does not expect stagflation
[08:44] {Threei} - says 'there will probably be some bank failures', but not among larger banks
[08:46] {esemde} morning all
[08:46] {Threei} ese :)
[08:46] {patience} morning RT :)
[08:46] {Threei} patience :)
[08:46] {esemde} morning patience
[08:53] {GeoArb} good morning
[08:53] {Threei} geoarb :)
[08:54] {magoo} morning
[08:55] {Threei} mags :)
[08:58] {cosmo} SEED tests
[09:02] {Threei} FED'S BERNANKE: DELINQUINCIES, FORECLOSURES TO RISE FOR A WHILE LONGER
[09:02] {Threei} YESSSS!!!
[09:02] {Threei} NXXI
[09:02] {Threei} NEW CLINICAL DATA FURTHER SUPPORTS CHROMIUM PICOLINATE'S ROLE IN ENHANCING BRAIN ACTIVITY IN OLDER ADULTS
[09:03] {Threei} wait for me, running to the store
[09:05] {Threei} Ben:
[09:06] {Threei} - More should be doene to stem foreclosure increase
[09:06] {Threei} - Urges lenders to expand mortgage principal writedowns
[09:06] {Threei} - Up to now reductions of loan principal have been rare
[09:06] {Threei} - Lack of refinance options needs vigorous response
[09:06] {Threei} - Further declines in house prices are likely
[09:06] {Threei} - Barriers to workouts pose serious problems
[09:11] {esemde} january low in indexes is still holding....and +.24 in FINL at end of the day yesterday
[09:13] {cosmo} Ben gonna do the mkt open?
[09:14] {esemde} anyone thinking long SEED 6.81...
[09:14] {esemde} bstop??
[09:15] {Threei} tough one ese
[09:15] {esemde} how so Vad
[09:15] {Threei} got dumped on disastrous earnings recently
[09:15] {esemde} ahhhhh
[09:15] {Threei} I'd think, there are a lot of holders stuck in it
[09:15] {cosmo} SEED should hold 6.50 ...needs to hold .45
[09:15] {Threei} eager to dump on any rally attempt
[09:16] {esemde} gottcha...
[09:18] {ThurstonHowellTheThird} gm all
[09:18] {Threei} THTT :)
[09:19] {Threei} lol, look at this
[09:19] {Threei} ALGERIAIN OIL MINISTER: OPEC CUT IN CRUDE OUTPUT MAY BE REQURIED
[09:19] {Threei} ese, news on FINL
[09:19] {Threei} ANNOUNCES SETTLEMENT OF LITIGATION
[09:21] {Threei} [12:33] {esemde} by everyone...have a great rest of the day....i'm long FINL here at 3.75 full lot
[09:21] {Threei} that's a heck of the way to start the day
[09:22] {Threei} can't help but post this nugget of wisdom:
[09:22] {Threei} AUSTRIAN MIN: STRONG EURO HAS ADVANTAGES AND DISADVANTAGES
[09:22] {esemde} AMAT ??
[09:23] {Threei} 09:06am [AMAT] Signs sales agreements valued at $1.9B
[09:24] {esemde} it's moving this morning
[09:24] {Threei} you out FINL or holding for more?
[09:24] {esemde} I'm out...
[09:24] {esemde} +.24
[09:24] {Threei} before news?
[09:24] {esemde} don't want to hold anything overnight....
[09:24] {Threei} oh
[09:25] {esemde} is there news on it this morning?
[09:25] {Threei} take me off ingore, will ya :)
[09:25] {Threei} [09:19] {Threei} ese, news on FINL
[09:25] {Threei} [09:19] {Threei} ANNOUNCES SETTLEMENT OF LITIGATION
[09:27] {esemde} I took a 450.00 hit on SOLF a few days back holding it ovenight....gun shy now...
[09:29] {esemde} just logged onto FINL I see what you mean
[09:30] {Threei} OPEC PRESIDENT SAYS TWO OPTION REMAIN ON THE TABLE AT THIS TIME - CUT OR HOLD PRODUCTION
[09:32] {magoo} dam..was looking at COIN as a break of .18 and POP
[09:32] {magoo} over .39
[09:33] {Threei} don't chase COIN
[09:33] {magoo} nah
[09:33] {magoo} just saying
[09:33] {Threei} it's a typical pullback stock
[09:33] {bruce} aapl just did its fakeoiut long again before dropping
[09:35] {Threei} JNPR 26.01 long if stays above .90
[09:36] {Threei} 1:1 quickly
[09:36] {Threei} scalpers get your first kill for the day
[09:36] {Threei} sane traders, half out
[09:37] {Threei} stop .94 for the balance
[09:37] {Threei} 1:2
[09:37] {Threei} 1/4 more out
[09:37] {Threei} stop to .99
[09:37] {magoo} out ,23 NICE
[09:37] {Threei} 1"3, full out
[09:38] {magoo} easy button
[09:38] {Threei} where is that easy button
[09:38] {Threei} lol magoo
[09:38] {magoo} on my desk
[09:38] {magoo} lol
[09:39] {magoo} how about shorting it on its breather vadf JNPR
[09:39] {Threei} if it forms setup...
[09:39] {Threei} I am not shorting just because it's "too high"
[09:40] {bruce} seed on break of 6.80 long vad?
[09:40] {magoo} jnpr have news?
[09:40] {Threei} nope
[09:42] {magoo} RIMM bounce w/mkt
[09:43] {Threei} STEN, say what?
[09:43] {Threei} disregard as a tgrading candidate, spread is out of this universe
[09:44] {Threei} just curious
[09:44] {magoo} its avail short too
[09:45] {magoo} so thin it could go 8 vad
[09:45] {Threei} gosh... take it off your screen please :)
[09:45] {bruce} ceco short setup
[09:46] {Threei} FINL, 4.55 long if holding above 4.40
[09:46] {Threei} make sure big offer at .55 getting hit
[09:46] {Threei} don't be a first buyer
[09:47] {magoo} bigger offer .60 boss
[09:50] {Threei} WHITE HOUSE: OIL PRODUCING COUNTRIES SHOULD KEEP THE MARKET WELL-SUPPLIED
[09:50] {Threei} really?
[09:51] {esemde} doing a dino,,,,,long PRFT. 8}05...
[09:51] {bruce} nvda looking like short
[09:51] {esemde} looking for a bounce
[09:52] {magoo} COIN gonna go 16 vad
[09:52] {Threei} and no lum to slap
[09:54] {magoo} we need to watch it
[09:54] {magoo} look for entry
[09:56] {Roman}
21 TSRA
[09:56] {Roman}
21 capit play
[09:56] {Roman}
21 in small super risky 19.10
[09:58] {Roman}
21 stopped -.50
[10:00] {Threei} hmmm... blast from the past
[10:00] {Threei} SCON
[10:05] {Threei} very scary stock with huge potential for both, profit, and loss
[10:05] {Threei} VISN
[10:05] {magoo} which is it?profit?
[10:05] {Threei} no specific call, want to leave it to your discretion without encouraging anyone to take such risky one. If you can read it, go for it. If not, disregard
[10:08] {patience} s3
[10:08] {patience} oops, sorry
[10:09] {Threei} no problem... but we need password too
[10:09] {magoo} man, look at qqqq minute charet
[10:09] {magoo} chart
[10:09] {Threei} quite wird eh?
[10:09] {magoo} my 4 yr old coloring
[10:09] {Threei} yup
[10:09] {Threei} pencil tied to the mule's tail
[10:09] {magoo} with only two crayons
[10:09] {Threei} mule is naturally drunk
[10:17] {magoo} vad, JNPR held well
[10:17] {magoo} in VISN too @ .83
[10:17] {bruce} nvda consolidating at bottom here
[10:17] {magoo} thats me @ .38
[10:17] {bruce} long candidate vad?
[10:18] {Threei} I amnot rushing into anything like JNPR or NVDA
[10:18] {Threei} this wierd quiet in the market is somewhat...
[10:18] {Threei} disturbing
[10:18] {Threei} it's going to resolve into something dramatic
[10:18] {Threei} and I don't want to be caught on the wrong side
[10:19] {Threei} risk is small here bruce
[10:19] {Threei} can take it on that alone of course
[10:19] {Threei} those risk-based setups magoo prmised to interrogate me about when the time comes
[10:20] {bruce} that was my thought vad - only 5c risk or so
[10:20] {Threei} yup
[10:23] {Threei} may I post the most useless crap crossed wires today... I think this one tyakes the prize
[10:23] {Threei} EIA SAYS CRUDE OIL COULD HIT $185 PER BARREL IN NOMINAL DOLLARS IN 2030
[10:23] {Threei} in 2030?
[10:24] {Threei} could?
[10:24] {magoo} seems low for then lol
[10:25] {Threei} if there is a job somewhere paying real well for coming up with such headlines, my son is looking
[10:25] {magoo} bruce u long NVDA?
[10:27] {bruce} not filled mags - tried .60
[10:27] {Chaeron} you're right magoo - my house appreciation has a faster rate of return than oil by the year 2030
[10:27] {magoo} i caught .64
[10:28] {bruce} K - I was thinking exit target at or below .70 - so wanted .60 or nothing
[10:28] {magoo} mkt killed it
[10:28] {magoo} i laid it .74, no go tho
[10:29] {bruce} yes - just chopping for moment
[10:29] {bruce} no idea of market direction now - up or down
[10:29] {bruce} so going to do just quick scalps
[10:31] {magoo} man
[10:31] {bruce} wow - tsra roman -
[10:32] {Threei} mags... VISN is coming
[10:33] {magoo} what u think on it ?
[10:33] {Threei} if takes .20, no telling where it can go
[10:37] {Threei} TSRA
[10:37] {Threei} HEARING DEFENDED AT PIPER JAFFRAY
[10:38] {Threei} PIPR: wait for us, we haven't sold yet
[10:40] {Threei} RIMM is interestingly strong
[10:41] {bruce} just thnking same vad
[10:41] {bruce} qs look weak tho0ugh
[10:42] {bruce} if they dump rimm probably will too
[10:45] {magoo} out VISN
[10:45] {magoo} mkt losing it
[10:46] {bruce} sure looks like it mags
[10:47] {magoo} but there is a climb in bidu too
[10:47] {magoo} they follow mkt
[10:50] {Threei} thisis intriguing, RIMM
[10:52] {Threei} wow
[10:53] {Chaeron} I didn't have the guts... I suck
[10:54] {magoo} its either a great sh opportunity or mkt trying to resolve up
[10:56] {bruce} you were thinking of just going long rimm on the euphoria chaeron?
[10:57] {Chaeron} the basing at .95 area and the pace... was thinking scalp, that's all
[10:58] {Roman}
21 long PAAS small
[10:59] {Roman}
21 40.11
[10:59] {bruce} k
[10:59] {Threei} NBER'S FELDSTEIN SAYS FED HAS ROOM TO LOWER RATES, BUT MAY NOT HAVE TRACTION
[10:59] {bruce} fed needs snow tires
[11:00] {Threei} BRCM short for scalp .56 stop
[11:05] {Threei} feels like sharp drop is in cards for the NASDAQ
[11:06] {Threei} sharp drop it is
[11:06] {magoo} sh brcm @ .49
[11:06] {magoo} where ui guys?
[11:06] {ThurstonHowellTheThird} .49
[11:06] {bruce} so much for rimm and bidu longs for now mags
[11:06] {bruce} brcm .49for me too
[11:06] {magoo} i shorted BIDU bruce
[11:07] {magoo} [10:54] {magoo} its either a great sh opportunity or mkt trying to resolve up
[11:08] {bruce} nice play mags
[11:08] {bruce} congrats
[11:08] {Threei} BRCM is much slower than I would have liked
[11:09] {Threei} considering how jumpy this market can be I am trying to pick the safest ones with narrow stops
[11:09] {magoo} covered here .88, + .1.18
[11:09] {Threei} but the opposite side of the coin is slow
[11:09] {ThurstonHowellTheThird} i like slow :)
[11:10] {Chaeron} that's hugemagoo... good for you
[11:10] {bruce} I like + 1.18 wtg mags
[11:10] {Threei} yeah, can take a nap meanwhile... I know what you mean
[11:14] {Threei} wow... how did I miss AMLN 24.40 breakdown
[11:14] {Threei} such clean BDI
[11:15] {Threei} grr BRCM
[11:15] * Threei slaps Laserdave1 around a bit with a large trout
[11:15] {Threei} it's dave's fault
[11:15] * magoo slaps Laserdave1 around a bit with a large trout
[11:17] {Threei} COIN .50 long half lot
[11:17] {Threei} stop under .25
[11:27] {Threei} stopped
[11:27] {bruce} stopped coin
[11:27] {esemde} outta here...have a great day...
[11:28] {Threei} why didn't I just go back to sleep after JNPR trade
[11:28] {Threei} take care ese
[11:28] {bruce} bye ese
[11:29] {Chaeron} whole lotta "nap" and "sleep" talk... zzzzzzzzzz
[11:35] {bruce} l nvda .33 stop.29
[11:35] {magoo} me too
[11:38] {Chaeron} .
[11:41] {magoo} iof NVDA stops me again.i gonna cut my wrists with a banana
[11:42] {ThurstonHowellTheThird} short NVDA .37 stop .41
[11:43] {Threei} cool... we are hedged
[11:53] {Threei} watching AMZN for long off pullback
[11:53] {Threei} it's at support, just want to see NQ upticking
[11:54] {bruce} 1/2 out nvda here - 3 to 1 on risk
[11:54] {Threei} in, stop .69
[11:55] {Threei} nope
[11:55] {Threei} needs one more leg down
[11:58] {Threei} KLAC REITERATES Q3 BOOKING FLAT TO DOWN 20%
[11:59] {bruce} out nvda balance float
[12:01] {bruce} vad - your thoughts on rimm short?
[12:02] {Threei} prety much in NQ hands, and NQ is absolutely unreadable here...
[12:02] {bruce} k
[12:03] {Threei} look at this spike out of nowhere
[12:03] {bruce} amzn was tricky - youhad right entry but downtick was sharp
[12:03] {Threei} EIA: OPEC NEEDS TO BOOST OUTPUT BY 300-500K BPD TO BUILD GLOBAL OIL STOCKS AND LOWER PRICES{USO OIH}
[12:05] {Threei} RIMM looks better for short
[12:05] {Threei} stop is very tight here
[12:06] {Threei} don't short into buying, wait for weakness to show up
[12:06] {Threei} ugh... too fast
[12:06] {Threei} leaving it alone for now
[12:07] {Threei} no point to try and play these 10 cents rapid moves
[12:08] {Threei} short .98
[12:08] {Threei} 100.05 stop
[12:09] {bruce} tsra going green
[12:10] {bruce} wow - terrific entry vad
[12:10] {Threei} doesn't want to drop with market though
[12:11] {Threei} and I don't want top take 10 cents profit :)
[12:11] {Threei} better
[12:12] {Threei} out half .75
[12:12] {Threei} +.23
[12:12] {Threei} if my math is right
[12:13] {Threei} out balance
[12:14] {bruce} nice - too bad it didn't drop further
[12:16] {bruce} nvda still trying to go long
[12:18] {Threei} GRMN .71 long half lot
[12:18] {Threei} .54 stop
[12:19] {Threei} under .50 invalidated
[12:21] {bruce} l grmn .65
[12:21] {dptl} got to go ....have a good the rest of the day
[12:21] {Threei} take care dp
[12:23] {bruce} out grmn .85 - voer 1 to 1 for me
[12:23] {Threei} I hate you
[12:24] {bruce} nasty thing to say about dp vadster
[12:24] {Threei} but he left
[12:24] {bruce} yes - you hurt his feelings
[12:24] {Threei} but after he lft
[12:25] {Threei} RIMM is serious about upswing...
[12:25] {bruce} k- thats it then - say nasy things behind peopls back
[12:26] {Threei} GRMN 1:1
[12:27] {Threei} don't oversit it guys
[12:27] {Threei} this is one tricky market
[12:27] {Threei} I am out
[12:27] {Threei} RIMM lost its mind
[12:28] {magoo} moving with mkt vad
[12:28] {magoo} bidu up too
[12:28] {Threei} much stronger
[12:28] {magoo} agree with that
[12:28] {Threei} it uses market help direction wise, yes
[12:28] {Threei} but look at it making new highs while NQ is far from it
[12:29] {magoo} agrree
[12:29] {Threei} and in the green territory while NQ is still underwater
[12:32] {Threei} PRESIDENT BUSH: OPEC MAKING A MISTAKE BY LETTING BIG ECONOMIES SLOW DUE TO HIGHER ENERGY PRICES
[12:39] {cosmo} AMAT
[12:39] {cosmo} 20 wall
[12:39] {cosmo} ...history
[12:41] {Threei} FED'S KOHN: WOULD BE VERY CAUTIOUS ABOUT OPENING THE DISCOUNT WINDOW MORE BROADLY
- says could widen the window in unusual cases, but widening increases moral hazard
[12:41] {Threei} - Does not think liquidity is issue in restarting financial markets at this time
[12:41] {Threei} - Says market confidence that can price assets properly crucial to market stability
[12:44] {magoo} out GTRMN here .21 TY
[12:45] {Threei} welcome
[12:45] {magoo} u out full?
[12:45] {Threei} yes
[12:47] {Threei} nice AMAT cos
[12:50] {cosmo} :)
[12:50] {magoo} if IF mkt resumes RIMM bouncer
[12:50] {bruce} any read flir here vad?
[12:51] {Threei} no
[12:51] {Threei} I am looking at FLIR daily
[12:51] {Threei} and hate what I see
[12:52] {bruce} k
[12:52] {Threei} it's like it was taken over
[12:52] {Threei} ummm... in this case, taken under
[12:53] {bruce} beat up bad - thought we might get p[op if broke .72
[13:00] {bruce} market selling off again
[13:06] {bruce} s nvda .54 stop .58
[13:07] {bruce} stopped
[13:17] {bruce} taking break
[13:17] {bruce} for anyone doing dino typre reversals - possible long setuup coming in mon
[13:26] {Threei} yo yo
[13:29] {Threei} FED'S MISHKIN: SUBPRIME DEFAULTS MOSTLY IN VARIABLE, NOT FIXED RATES, SUBPRIME MORTAGE MARKET 'DEAD AS A DOORNAIL'
[13:29] {Threei} what kind of language is that
[13:35] {Threei} now what?
[13:36] {Threei} no news on wires that would cause this
[13:36] {patience} ? what are you looking at vad
[13:37] {Threei} market sudden drop
[13:37] {patience} probably dino trading from mexico
[13:37] {Threei} he promised to stay with Corona
[13:37] {Threei} can't help himself eh
[13:38] {patience} i'm just jotting down my shopping list for the lows :)
[13:38] {Threei} Bre-X for me
[13:39] {Threei} this bounce shouldbe met with more sellig
[13:39] {Threei} looking to short RIMM, hopefully closer to .50
[13:41] {Threei} no chance
[13:42] {Threei} you know what
[13:42] {Threei} staying on a sideline
[13:42] {Threei} look at NASDAQ
[13:42] {Chaeron} can't lose $ that way.... :)
[13:43] {Threei} this is beyond psychotic
[13:46] {Threei} glad to see RIMM dropping off resistance .50 -.60, but this is pure theoretical joy
[13:46] {Threei} no way I risk a penny until market stabilizes
[13:49] {bruce} thats it - vads not trading for next 6 months
[13:51] {Threei} lol
[13:51] {Threei} or 5 minutes
[13:52] {bruce} I like mon short - but can't see low risk entry
[14:00] {Chaeron} AAPL -COO TIM COOK SAYS PLANS TO SELL IPHONE IN ASIA IN 2008
[14:04] {bruce} vad - you got a capitulation retrace trade for us?
[14:05] {bruce} 5 mins is up
[14:05] {Threei} nope
[14:05] {bruce} sheesh
[14:05] {bruce} not that I expected one
[14:13] {GeoArb} test
[14:17] {bruce} looks like another market drop coming - could short rimm here
[14:27] {Threei} MNTA half lot .60 break long
[14:29] {Threei} stop under .40
[14:29] {magoo} i like RIKMM long, any thought vad?
[14:30] {Threei} coin toss but why not as long as you are fine with stop size
[14:30] {Threei} .25 nearest support
[14:40] {Threei} if pattern of the last hour or so holds, it's a short time
[14:40] {Threei} RIMM with stop above .50
[14:40] {Threei} invalidated, wait for weakness
[14:41] {Threei} next resistance 100
[14:41] {Threei} it breaks, no play
[14:42] {Threei} broke
[14:42] {Chaeron} geeeesh
[14:42] {Threei} 100.5 is a bit too far
[14:42] {Threei} not likely to go close to it... but that's where stop would have to be
[14:42] {Threei} nearing
[14:43] {Threei} OK, in
[14:43] {Threei} stop .60
[14:43] {Threei} got .39 on entry
[14:43] {Threei} out
[14:44] {Threei} .10 and .13
[14:45] {Threei} that was frikin fast
[14:45] {Threei} anyone managed?
[14:46] {bruce} noppers
[14:46] {Chaeron} tried and missed entry
[14:46] {Chaeron} nice job tho
[14:53] {magoo} keep looking vad
[14:53] {magoo} ill take next one
[14:57] {Threei} want RIMM pullback closer to .30 for long
[14:57] {Threei} here it is, first strength from here
[14:58] {Threei} stop under .20
[14:58] {Threei} over 1:1
[14:58] {Threei} lol
[14:58] {magoo} in
[14:59] {Threei} feel free to take profit whenever
[14:59] {magoo} out .78
[14:59] {Threei} you are about 50 cents
[14:59] {magoo} TY
[14:59] {Threei} welcome
[15:00] {magoo} 101 break a long vad?
[15:01] {Threei} not by me
[15:01] {Threei} I don't buy breaks at the top of vertical movement
[15:01] {magoo} in out .34
[15:02] {Threei} pullback or consoldiation or bust for me
[15:03] {magoo} 102 in the cards imho
[15:04] {Threei} mama mia...
[15:04] {Threei} I don't think I've seen such moves as we see today
[15:04] {Threei} EVER
[15:05] {magoo} symbol??nothing
[15:05] {magoo} EVER?
[15:09] {Threei} sigh
[15:10] {Threei} ever - as in never seen anything like this
[15:10] {Chaeron} dang.... looking on L2 for EVER too magoo....
[15:10] {Threei} MNTA, feel free to take scalp
[15:10] {Threei} even though it's not at 1:1
[15:10] {Threei} don't want to be formal here, tyhis is very informal market
[15:12] {magoo} chaer:)
[15:14] {magoo} feels like 104
[15:15] {magoo} or close easy]in
[15:16] {magoo} out
[15:19] {magoo} VAD..where reentry long RIMM?
[15:20] {Threei} in the nearest pub
[15:21] {magoo} if IF mkt comtinues...105
[15:22] {magoo} but..mkt may roll too
[15:22] {Threei} no seriously guys
[15:22] {magoo} tell u..i don't care either way as long as it moves with conviction
[15:23] {Threei} have a look at intraday NDX or COMPX or QQQQ or whatever you use for nasdaq
[15:23] {magoo} QQQQ here
[15:23] {Threei} anyone ever saw day like this?
[15:23] {magoo} uh..yesterdsay
[15:23] {Chaeron} sure.... in the futures pits....
[15:24] {Threei} that's only if you haven't ducked that elbow chaeron
[15:24] {Chaeron} heheh... still hurts when I press on it
[15:25] {magoo} but really..and this sux..everyday u say it looks like drunken dsonkey
[15:26] {Threei} why sux... add up today's calls, quite nicely in the money
[15:26] {Threei} had to be extra careful today and sit out a bit bigger portion of the day thaan usual
[15:26] {Threei} but who cares, it's the end result that matters
[15:27] {magoo} im struggling w/mkt
[15:27] {Threei} you know very well it's bound to change
[15:27] {Threei} we had it very easy in the fall
[15:28] {Threei} so so in the winter
[15:28] {Threei} extra careful trading right now
[15:28] {Threei} what's next?
[15:29] {Chaeron} we return to the 1999 type of trading :)
[15:29] {Threei} think of market as one of aspects of life... just as in any other aspect, bellyful to famine and back
[15:30] {Threei} 1999 is a honeymoon type of trading
[15:30] {Threei} can do no wrong
[15:30] {Threei} if it's ever coming back, I'll take it :)
[15:35] {Chaeron} *sigh*..... (RIMM)
[15:35] {Chaeron} calling 105 mags?
[15:35] {magoo} yes
[15:35] {Threei} I do
[15:36] {magoo} in out several
[15:36] {Threei} but I don't know which year
[15:38] {Threei} held 104 on opullback
[15:38] {Threei} can try with stop just under
[15:39] {Threei} in
[15:39] {Threei} .07
[15:39] {magoo} need mkt spike
[15:40] {Threei} what, we are out of those??
[15:40] {Threei} yeah
[15:40] {Threei} anyway, stop under .90
[15:40] {Threei} h\ere comes spike
[15:40] {magoo} in w/ya
[15:41] {Threei} come on RIMM
[15:41] {Threei} half out
[15:41] {magoo} kicking it
[15:43] {magoo} GggggOOOOOOOOOOOOOOOO
[15:43] {Threei} dizzy yet?
[15:44] {Threei} I am geting seasick
[15:44] {bruce} thats rimmsick vad
[15:44] {Threei} lol
[15:46] {Threei} I am not looking... are we there yet?
[15:47] {Threei} out balance
[15:48] {Threei} the way it goes today, will regret most likely :)
[15:48] {magoo} tough
[15:48] {Threei} lol
[15:48] {magoo} killing my eyes
[15:48] {Chaeron} .......I quit..... LOL
[15:48] {Chaeron} lost $22 and happy...
[15:49] {Threei} why not partial out when it spikes?
[15:49] {Chaeron} only got partial... too small
[15:50] {Chaeron} partial in that is
[15:51] {Threei} tomorrow I am goling to take first trade, skip two or three next, then start taking them again closer to eod
[15:51] {Threei} looks like those I win
[15:51] {Threei} last few days that is
[15:56] {magoo} gooooooooooooooo
[15:56] {magoo} rimm
[15:57] {bruce} you in mags - Hope so - I got stopped
[15:57] {Threei} careful mags, time is almost out
[15:58] {Threei} 2 min
[15:59] {Threei} 1
[15:59] {Threei} get out please, will ya?
[15:59] {magoo} out .73 TY
[15:59] {Chaeron} nice job
[15:59] {Threei} whew
[15:59] {magoo} no kidding
[15:59] {Chaeron} never seen you plead before Vad :)
[15:59] {Threei} thank you all guys, have a good evening, see you tomorrow in our asylum
[15:59] {magoo} vad wait..agree w/you
[16:00] {Threei} that was "please with trout in hand" chaeron
[16:00] {Chaeron} ah
[16:00] {magoo} i losing early everyday and fightoing back
[16:00] {magoo} we need to be aware of this
[16:00] {Threei} we are
[16:01] {Threei} but when I sit out, you trout me demanding a trade
[16:01] {Threei} :)
[16:01] {bruce} presonally - I'm getting killed- missing almost all vads wining trades and catching the losses
[16:02] {magoo} i struggling too..they are fast
[16:02] {Chaeron} I'm missig a few by a penny or two... frustrating bruce... not an easy day
[16:02] {Chaeron} damn... it's over???
[16:03] {bruce} I know chaer- frustrating though
[16:03] {Chaeron} yep... and I still am looking for more.. LOL (masochist)
[16:03] {bruce} yeah - you have to trade post mket if you want some more fun
[16:04] {Chaeron} naaaaaa. rather go to Vegas for that..... free drinks when you gamble there
[16:04] {Chaeron} bye all. Thanks Vad and everyone
[16:04] {Chaeron} UPDATE: DAVENPORT RAISED GRMN TO NEUTRAL FROM SELL
[16:04] {magoo} bye chaer
[16:04] {bruce} night all
[16:04] {magoo} bruce:)
[16:05] {bruce} have a brew for dino there mags
[16:05] {magoo} i all alone, but hey..OK
[16:05] {bruce} yeah - no fightingat the fridge
[16:06] {bruce} bet dnos pouring em back
[16:11] {magoo} oh yeah they are
