Apr 18 2008
Session Time: Fri Apr 18 00:00:00 2008
[08:22] {Threei} OIL SURGES AS INVESTORS HUNT AN 'ANTI-DOLLAR' - AMBROSE EVANS-PRITCHARD AT THE TELEGRAPH
- "There is some evidence that Opec has actually cut output by 350,000 bpd since the start of the year - a hostile move in the current climate. It blames the latest spike on "speculators", claiming that world demand will fall 1.4m bpd to 85.7m this quarter as the US grapples with recession."
[08:26] {hawkfan4} good morning
[08:26] {Threei} hawk :)
[08:29] {Threei} so far just what I hate... huge gap up
[08:30] {hawkfan4} and on options friday, not very promising
[08:30] {Threei} ah well
[08:31] {Threei} that was not my stellar week by any standard
[08:31] {Threei} can just as well finish it on mediocre note :)
[08:32] {hawkfan4} lol :) mediocore friday
[08:43] {fernp} gm
[08:43] {magoo} morn
[08:43] {Threei} fernp, magoo :)
[08:53] {Threei} 07:59am [OSTK] Reports Q1 -$0.17 v -$0.32e, R $200.7M v $168.9Me
[08:56] {Onix} Good morning
[08:56] {Threei} onix :)
[08:57] {magoo} vad..from all your experience..wouldn't you think goog will at least have some kind of pullback near opening bell or after bell?
[08:57] {magoo} 82 points
[08:57] {Threei} this is a total coin toss mags...
[08:57] {Threei} look at it this way
[08:58] {Threei} GOOG makes such big moves that it's practically impossible to tell meanignful move from simple uptick/downtick
[08:58] {Threei} where normal stock would get 10 cents pullback, GOOG will make 3-5 bucks one
[08:58] {magoo} but...some poeople got to want to lock that in
[08:59] {Threei} you can manage risk with 10 cents pullback
[08:59] {Threei} can you do the same with 5 bucks pullback?
[08:59] {Threei} its noise has magnitude much bigger than our usual meanigful moves
[09:00] {Threei} you can't trade noise because there is no read to it
[09:00] {Threei} and you can't trade its normal signals because noise exceeds your risk tolerance
[09:00] {Threei} this makes this stock simply untradeable to me
[09:01] {Threei} don't look at it from the point of view of what its chart says... look at it from risk management point of view
[09:01] {Threei} you may get lucky and hit big payoff
[09:01] {Threei} you get unlucky, your loss exceeds your worst nightmare
[09:01] {Threei} in my world it's called gambling
[09:03] {magoo} but..say it drpos sharply say 40 poinyts..isn't it a tradeable cbounce read then?
[09:03] {Threei} to give you further idea about how I approach this, think of our trades on RIMM?AAPL/AMZN in the following terms:
[09:03] {Threei} while we have overall positive experience with them
[09:03] {Threei} our shakeout rate is bigger on them than on your garden variety stock
[09:03] {Threei} why?
[09:04] {Threei} because the only way to stay positive on them is
[09:04] {Threei} to control your risk tight, hunt for the most favorable conditions and try to hit at the right moment.
[09:04] {Threei} However with this comes being shaken out more often on noise
[09:05] {Threei} because their noise is bigger than on garden-variety.
[09:05] {Threei} Now, this signal-to-noise ratio
[09:05] {magoo} true..and size down
[09:05] {Threei} is beyond average on these
[09:05] {Threei} which is exactly the reason for frequent shakeouts
[09:06] {Threei} yet when they do move for us
[09:06] {Threei} they post nice gains that keep us in green overall.
[09:06] {Threei} So when you look at trading them as a process vs separate events, it's a valid way to trade them.
[09:06] {Threei} But, their noise is about max we can handle
[09:07] {Threei} GOOG is way beyond that
[09:07] {Threei} so is BIDU
[09:07] {magoo} and POT
[09:07] {Threei} POT is somewhere inbetween RIMM/AAPL and GOOG/BIDU
[09:07] {Threei} [09:03] {magoo} but..say it drpos sharply say 40 poinyts..isn't it a tradeable cbounce read then?
[09:08] {Threei} sure... but why 40?
[09:08] {Threei} it went up yesterday over 50, andf that was still not all
[09:08] {Threei} how do you tell 40 from 35 or 45 on a stock that makes "meaningful" move of 40 points and then noise part of it 5 more?
[09:09] {Threei} and with noise you can't tell direction
[09:09] {Threei} you hit it at -40, it makes 5 more as a noise
[09:09] {Threei} before reversing.
[09:09] {Threei} You are right chart wise, yet you get hit with nasty loss
[09:09] {Threei} not my cup of tea...
[09:10] {magoo} i see your point
[09:12] {Threei} it's just that for me risk management goes first
[09:12] {Threei} and I cannot for the worlkd of me manage risk effectively on this stock
[09:13] {markweb} good morning all
[09:13] {Threei} mark :)
[09:13] {markweb} :)
[09:15] {cosmo} goog morning
[09:15] {Threei} you bidu us goog morning?
[09:16] {cosmo} ..?....ah....yes.... of course
[09:17] {dptl} good morning all
[09:17] {Threei} dp :)
[09:18] {tomg} gm all, room is going to POT :)
[09:18] {cosmo} hmmm
[09:19] {Threei} did tom just call us grow-op?
[09:19] {tomg} goog morning, vad, grow-op?
[09:19] {cosmo} can tom deliver?
[09:20] {tomg} ha!, good one cosmo
[09:20] {cosmo} :)
[09:20] {Threei} those hidden marijuana grow operations tom :)
[09:20] {tomg} earthquake this morning destroyed my crop
[09:20] {tomg} ah, ok
[09:21] {GeoArb} gm all
[09:21] {esemde} bruce cos dp fern geo hawk jmb mags mark onix patience tom martin and VAD....good morning....
[09:22] {markweb} ese:)
[09:23] {GeoArb} a below average week for me
[09:23] {GeoArb} and option friday
[09:24] {patience} morning ese and rt :)
[09:26] {cosmo} OSTK
[09:26] {Threei} geo, ese, patience :)
[09:27] {Threei} geo... from earlier:
[09:27] {Threei} [08:29] {Threei} so far just what I hate... huge gap up
[09:27] {Threei} [08:30] {hawkfan4} and on options friday, not very promising
[09:27] {Threei} [08:30] {Threei} ah well
[09:27] {Threei} [08:31] {Threei} that was not my stellar week by any standard
[09:27] {Threei} [08:31] {Threei} can just as well finish it on mediocre note :)
[09:27] {GeoArb} i read a great line in trading in zone
[09:27] {GeoArb} most traders experiences/feelings consist of the last couple of trades
[09:28] {Threei} SUSQUEHANNA CUTS POZN TO NET NEUTRAL FROM NET POSITIVE
[09:28] {GeoArb} professions look at last several 100 or something like that
[09:28] {GeoArb} professionals
[09:28] {Threei} yup... that's why I emphasize so often: view trading as a process, not as event or series of events
[09:29] {GeoArb} i did reduce my size though
[09:29] {GeoArb} i dont want consistent worst case to put me out of business :)
[09:31] {Threei} watching BRCM
[09:32] {Threei} need pullback to form the setup
[09:33] {Threei} yeah right
[09:33] {Threei} NFLX
[09:33] {Threei} half lot long .90
[09:33] {Threei} stop under .60
[09:34] {Threei} probably even less than half lot, considering slippage
[09:35] {bruce} cien looks long vad
[09:35] {Threei} NFLX invalidated
[09:35] {Threei} CIEN, 32 long bruce, yes
[09:37] {bruce} erts also looking strong - need pullbadck
[09:40] {Threei} BRCM better
[09:40] {Threei} may try aggressively here
[09:40] {Threei} with tight stop under .60
[09:40] {Threei} odds are 50/50, rather risk based setup
[09:41] {bruce} brcm stop 48 or wso?
[09:41] {Threei} if loses .60, look for another entry point closer to .40
[09:41] {magoo} full lot?
[09:41] {esemde} OSTK.....missed it
[09:41] {Threei} let it show strength first
[09:41] {Threei} yes, full lot, too tight stop
[09:42] {Threei} CIEN triggered
[09:42] {Threei} for scalpers stop .89, for daytrade .79
[09:46] {Threei} CIEN 1:1 for scalpers
[09:46] {esemde} FISV.....missed this as well....findingthings to late
[09:46] {Threei} no strength yet NQ
[09:46] {Threei} debating BRCM entry here
[09:47] {magoo} take look at RIMM vad
[09:47] {bruce} l brcm .38
[09:48] {Threei} beautiful entry bruce
[09:48] {Threei} I overthought it
[09:49] {Threei} RIMM looks like time to try it
[09:49] {Threei} stop under .60 if you got it
[09:50] {Threei} CIEN 1:1 for daytraders
[09:51] {Threei} notice how CIEN is oblivious to market weakness?
[09:52] {fernp} out CIEN +.22 Thanks Vad
[09:52] {bruce} thanx vad - topped +.02c didn't want to let it go against me
[09:52] {esemde} was just looking at CIEN....
[09:52] {Threei} mags
[09:52] {Threei} look at GOOG
[09:53] {Threei} by normal measurements, 528 is long setup
[09:53] {Threei} don't trade it
[09:53] {Threei} observe
[09:53] {magoo} i have been observing..ty
[09:53] {Threei} there.. can you hanbdle such voaltility?
[09:54] {Threei} it breaks, immediately drops 50 cents
[09:54] {bruce} sheesh cien - missed entry playing brcm
[09:54] {bruce} hope some of you got it
[09:54] {Threei} then jumps full dollar
[09:55] {esemde} just missed ADSK as well hmmmmmm
[09:55] {dptl} cien +.10 +.20 ty
[09:55] {esemde} can't get orders in quick enough when i see something
[09:55] {Threei} anyone strill holding CIEN?
[09:56] {esemde} this is not going to be my day....
[09:56] {Threei} just asking in case further read is needed
[09:56] {markweb} pl
[09:56] {Threei} who is pl?
[09:57] {Threei} short version of dptl?
[09:57] {markweb} pl read
[09:57] {Threei} ah
[09:57] {Threei} .30 is next barrier to break, stop is .09 for the balance,
[09:57] {Threei} if it breaks .30, low of this pullback becomes next level to trail stop to
[09:59] {esemde} bstop ADSK .91 1/2 lot
[10:00] {Threei} stop under .80 ese?
[10:00] {Threei} or you want .60 as support?
[10:00] {esemde} yes
[10:00] {esemde} not filled yet though
[10:00] {esemde} na under .80 is god for me
[10:01] {Threei} yeah... with this market gap, option expiration and overall Friday-ness, keep it tight and book profits
[10:01] {esemde} pattern straight out of your book Vad...
[10:02] {Threei} I have a book?
[10:02] {Threei} people keep telling me that...
[10:02] {esemde} might go for the quick hit as well and increase to full lot
[10:02] {Threei} it's under support...
[10:02] {esemde} Adsk invalidated for me now.....
[10:03] {esemde} was looking OK for one breif moment in time
[10:04] {esemde} ADSK following the NDX down
[10:05] {Threei} DLTR, watching for pullback closer to 30 for entry
[10:05] {Threei} BOOM
[10:05] {Threei} TICKING HIGHER ON TAKEOVER CHATTER CIRCULATING
[10:06] {Threei} XIDE again
[10:06] {Threei} .45 half lot long
[10:07] {Threei} CIEN stop to .14 mark
[10:08] {markweb} ty out @.33
[10:08] {bruce} out cien +.20
[10:08] {bruce} unabl;e to post - went long at .19 w 5 c stop
[10:08] {markweb} ty vad
[10:08] {markweb} ty bruce
[10:08] {bruce} welcome mark
[10:09] {Chaeron} hi all
[10:09] {Threei} chaeron :)
[10:10] {Threei} XIDE stop under .30
[10:10] {esemde} CCCCHHHHHHH BAAAAABY!!!!!!!!
[10:10] {Chaeron} ese!!!!!!! -
[10:10] {Chaeron} heheh
[10:11] {esemde} very vocal in support of chaeron.......when i first came on this board CH was the guy getting slapped around the most with the trout
[10:11] {esemde} felt sory for him
[10:11] {Threei} laserdave must have been on vacation at the time
[10:11] {Chaeron} I was?
[10:12] {esemde} I do believe your correct
[10:12] {esemde} ya CH ...seemed like it
[10:12] {markweb} ESLR short Vad?
[10:12] {Threei} something's wierd about ESLR
[10:13] {markweb} bad report
[10:13] {esemde} yes ...would agree ...but What?
[10:13] {Threei} I don't know mark... it trades without rhyme
[10:13] {esemde} wheres the report
[10:14] {Threei} [ESLR] Evergreen Solar Inc Reports Q1 -$0.01 v -$0.07e, R $18.3M v $21.8Me
[10:14] {Threei} - Guides Q2 EPS -0.10 v -$0.09e, R $21.5-22.5M v $21.8Me
[10:14] {Threei} - GM's 36%
[10:16] {Roman}
21 JASO near high
[10:18] {magoo} l rimm asa close to .50 you get
[10:18] {magoo} going for 122
[10:18] {magoo} RISKY
[10:18] {Roman}
21 long JASO off 25.05 break
[10:19] {markweb} JASO stop?
[10:19] {Roman}
21 small
[10:19] {Roman}
21 24.79
[10:19] {markweb} ty
[10:20] {magoo} offer rimm .94
[10:21] {judijim} gm everyone
[10:21] {Threei} jj :)
[10:21] {GeoArb} i missed xide
[10:21] {GeoArb} anyone still in?
[10:22] {Threei} barely holding
[10:22] {Threei} by fingertips
[10:22] {magoo} 160 big magnate for aapl today...but needs mkt to continue up...risky
[10:22] {markweb} stoped @.29
[10:22] {GeoArb} yeah look slike it touched .28
[10:22] {magoo} me vad
[10:22] {Threei} that was mark
[10:22] {magoo} out RIMM .94
[10:22] {magoo} + .30
[10:22] {Threei} good one mags
[10:22] {GeoArb} hmmmm looks like i am only tsking the winning trades (cien)
[10:23] {bruce} hello jj
[10:23] {Threei} hah
[10:23] {hawkfan4} nice one mags, thanks
[10:23] {Threei} they gave you that button geo?
[10:23] {GeoArb} THE EASY BUTTON
[10:23] {magoo} u take hawk?
[10:23] {hawkfan4} yep, +.20
[10:23] {magoo} cool
[10:24] {Roman}
21 DNDN small spike
[10:24] {magoo} good out hawk..has to breathe
[10:24] {Threei} no worky XIDE
[10:24] {bruce} any read ffiv vad? - volume drying up but looks long
[10:25] {Threei} DNDN
[10:25] {Threei} TICKING HIGHER ON RENEWED POSITIVE CHATTER CONCERNED POSSIBLE POSITIVE DEVELOPMENT WITH FDA
[10:25] {Threei} worth a try at .80 bruce
[10:26] {bruce} k vad thanx
[10:28] {Roman}
21 out 1/2 JASO
[10:28] {Roman}
21 .25
[10:29] {bruce} nice roman
[10:29] {Roman}
21 ty
[10:30] {markweb} Thanks Roman:)
[10:30] {Roman}
21 ym
[10:31] {markweb} who in DNDN?
[10:31] {Threei} control risk tihgtly on it mark
[10:32] {Threei} this is very treacherous stock
[10:32] {Roman}
21 PTEN?
[10:32] {Roman}
21 i quess, could sqeeze here with naz
[10:35] {Roman}
21 SOLF
[10:36] {Roman}
21 out remaining JASO +.47
[10:36] {Roman}
21 probably has much more in it
[10:37] {magoo} .50 long aapl to lay out around .88 .91
[10:37] {magoo} RISKJY
[10:37] {magoo} in
[10:42] {GeoArb} anyone having laser issue
[10:42] {GeoArb} i lost laser completely
[10:42] {dptl} fine here
[10:42] {magoo} ok here {so far}
[10:42] {judijim} okhere
[10:43] {magoo} reboot geo
[10:43] {magoo} here we gooooooooo aapl
[10:44] {magoo} out .81 GET out
[10:45] {magoo} + .34
[10:45] {magoo} has to breathe
[10:45] {magoo} there is .91
[10:45] {judijim} ty magoo aapl out at .86
[10:45] {magoo} nice
[10:46] {bruce} nice onemags - aapl gonna pay you- what was stop? - looks like you needed at least 50c for that one
[10:46] {magoo} just remember..they breathe hard
[10:46] {magoo} lay out
[10:46] {magoo} get out
[10:49] {magoo} [10:22] {magoo} 160 big magnate for aapl today...but needs mkt to continue up...risky
[10:49] {magoo} [10:22] {markweb} stoped @.29
[10:49] {GeoArb} back
[10:49] {markweb} was stopped @XIDE
[10:50] {Threei} watch RIMM for entry on this pullback when NQ resumes
[10:50] {magoo} where u thinking?
[10:50] {magoo} ,60 area
[10:51] {Roman}
21 PTEN in small 29.05
[10:52] {magoo} in out RIMM that fast TY vad .96 out .23
[10:52] {Threei} good one
[10:52] {Threei} it's not a price setup right now with RIMM
[10:52] {magoo} no way to post less than minute
[10:52] {Threei} it's a following
[10:53] {Threei} NQ posts sharp spike, RIMM gives little delay for entry
[10:53] {Threei} happens way too quick for timely post
[10:53] {Threei} either you have an experience with such plays or stay away
[10:53] {Threei} all I can do is to give the overall idea of the play
[10:54] {Threei} no way to post in time
[11:01] {Threei} another NQ spike is coming
[11:01] {Threei} lol... arrived while I typed
[11:04] {Threei} what the...
[11:05] {Threei} did we catch OBL?
[11:05] {GeoArb} obl?
[11:05] {Threei} state enemy #1? :)
[11:05] {GeoArb} ohhh
[11:07] {Threei} FORMER FED CHMN GREENSPAN: WOULD 'LIKE TO SAY WORST OF CREDIT CRISIS IS OVER', CREDIT MARKET IS 'STILL CRITICAL'
[11:13] {magoo} i was disconnected..am i here??
[11:14] {Threei} yes
[11:14] {magoo} because i type and it posts like i was here
[11:14] {magoo} so TY
[11:14] {magoo} thought u all had me on ignore
[11:15] {patience} never magoo
[11:15] {magoo} wouldn't blame u he he
[11:15] {Threei} we do... but we would never admit it, we are too polite
[11:19] {magoo} vad..aapl bounce or rimm bounce or no support here?
[11:19] {Threei} will totally depend on NQ
[11:19] {Threei} none of them trades on their owqn merit right now
[11:20] {magoo} understood..just wondering if u watching
[11:23] {markweb} out BRCM +.50 Thanks VAD & BRUCE
[11:24] {Threei} mark is killing the market today
[11:24] {markweb} no
[11:25] {GeoArb} i hereby declare today as the mediocricity erasing friday
[11:25] {Threei} lol
[11:25] {bruce} not my call mark
[11:25] {bruce} glad it worked for you
[11:26] {markweb} i have 4/8
[11:26] {bruce} nice win
[11:27] {Threei} what about win/loss size ratio?
[11:27] {Threei} 50% hit rate works if you manage size ratio right
[11:28] {markweb} 4 win 4 loss/ in green
[11:28] {Threei} size of win vs size of loss is what I mean
[11:29] {markweb} aprx. same
[11:29] {Threei} another NQ spike is coming
[11:29] {Threei} hmmm
[11:30] {Threei} if they are the same, something isn't quite right
[11:30] {markweb} y
[11:30] {Threei} going for strict 1:1 should give you more wins
[11:30] {Threei} holding for more gains will lower amount of wins but improve size ratio
[11:31] {magoo} mark,,u laser?
[11:31] {magoo} go to analysis
[11:31] {markweb} with IB
[11:33] {markweb} doctor have to go to my analysis:)
[11:34] {GeoArb} heyheyhey
[11:34] {GeoArb} an IB guy
[11:34] {GeoArb} i have that too
[11:37] {magoo} they any good?
[11:37] {GeoArb} wellll
[11:37] {GeoArb} depends on your style
[11:37] {GeoArb} probably not for you magoo
[11:37] {magoo} my style
[11:37] {magoo} why
[11:37] {GeoArb} youre a fast scalper
[11:37] {GeoArb} their LII SUCKS
[11:38] {GeoArb} but they are the only broker i know with universal account and extensive API with the bredth of instruments
[11:38] {bruce} how so geo - slow display?
[11:39] {GeoArb} slow and bad :)
[11:39] {GeoArb} mark wanna chime in?
[11:39] {markweb} charting is ^%$&^$%
[11:39] {GeoArb} also they dont do tick data
[11:39] {GeoArb} its snapshots lol
[11:40] {magoo} hmm..how do i apply?
[11:40] {GeoArb} mark DCC pls
[11:40] {bruce} snapshots - not real time ? wow - sucks big time
[11:40] {GeoArb} no its realtime
[11:40] {GeoArb} they just choose to sample and aggregate
[11:41] {GeoArb} lets say one burst every 100 ms
[11:41] {GeoArb} no realtime
[11:41] {GeoArb} tick by tick
[11:41] * Threei slaps Laserdave1 around a bit with a large trout
[11:42] {GeoArb} markweb dcc pls
[11:42] {GeoArb} its good for maitaining positions
[11:42] {GeoArb} not so for scalping
[11:43] {bruce} hmmm k
[11:45] {GeoArb} and did i menton you dont get laserdave their?
[11:45] {GeoArb} average phone wait 30 mins :D
[11:45] {magoo} where do i sign up??
[11:45] {Threei} I am sold
[11:45] {GeoArb} its for longer term positions
[11:46] {Threei} PTEN
[11:47] {Threei} .31 worth a try
[11:47] {Threei} sheesh... too fast
[11:47] {Threei} support .20, see if it pulls back for entry
[11:48] {bruce} amzn on fire
[11:50] {magoo} holy crap AMZN
[11:50] {Threei} XIDE shook us out
[11:50] * Chaeron slaps Laserdave1 around a bit with a large trout
[11:51] {bruce} cien holding hi so far - read on long break vad?
[11:52] {Threei} NQ rather feels like topping out bruce
[11:52] {Threei} at least temporarily
[11:52] {bruce} k- not surprised - reluctant to go long at these levels - thanx
[11:53] {Threei} maybe spike or tewo more but risk becomes way too high here
[11:53] {Threei} because when selloss comes it's likely to be quite hard
[11:53] {Threei} selloff
[11:54] {bruce} yes - was thinkiing same
[11:54] {bruce} looking for short candidates
[11:54] {GeoArb} good friday guys.... off to work... have a great weeekend
[11:55] {Threei} take care Geo, have a good one
[11:55] {Threei} come on PTEN
[11:55] {Threei} one more spike
[11:55] {magoo} have nice weekend
[11:55] {judijim} bye Geo have a good weekend
[11:56] {markweb} bye Geo
[11:56] {bruce} take care geo
[11:56] {Threei} 1:1 PTEN
[11:57] {jmb} PTEN Thanks Vad
[11:57] {Threei} :)
[11:57] {Threei} sheesh JASO
[11:57] {Threei} Roman hit the nail on this one
[11:58] {Roman}
21 out PTEN +.39
[11:59] {tomg} ty pten, vad
[12:00] {tomg} gotta go, have a nice weekend everyone
[12:00] {magoo} bye tom
[12:00] {judijim} taking break be back hour, good day + so far
[12:06] {Threei} take care tom
[12:07] {bruce} bye tom
[12:07] {Threei} CIEN lost the lustre bruce
[12:07] {bruce} congrats jj- you seem to be very consistnet
[12:07] {Threei} break would have been a trap
[12:07] {Threei} good thing we restrained elation
[12:07] {bruce} yes - thought it might - wuld like to see small spike up then short in it
[12:08] {bruce} ibm wlt same long trap
[12:20] {bruce} looks like market still wants up vad
[12:21] {Threei} amazing as it is
[12:25] {Threei} starts feeling like it wants just continue climbing
[12:25] {Threei} not sure I can find easy follopwer though
[12:26] {Threei} there is always QID short of course
[12:26] {Threei} but it's anything but easy
[12:29] {Threei} if NQ bottoms off 1910 and resumes, it should roughly match QID bounce into 43 and resumption of downward
[12:29] {Threei} let's watch how it works
[12:30] {Threei} meawhile... look at NASDAQ daily...
[12:30] {Threei} quite something
[12:30] {Threei} inverted head and shoulder confirmed
[12:30] {Threei} double bottom confirmed
[12:31] {Threei} inverted cup and handle failed
[12:31] {Threei} all bullish formations you can think of
[12:31] {Threei} all kinds of MA rossovers too
[12:32] {Threei} crossovers
[12:32] {Threei} and all this happens when financial/economic climate is one of 1929 kind
[12:33] {Threei} don't be so sleepy guys
[12:34] {Threei} you are wintnessing historic market events
[12:34] {Threei} at least pretend you are interested
[12:34] {magoo} am..want a trade
[12:36] {patience} i am not asleep, just have so many trades in, hedging all over the place.. i'm like magoo...just want a clean scalping opportunity :)
[12:51] {Threei} RIMM short around .50
[12:51] {Threei} with stop above .65
[12:51] {magoo} like it
[12:52] {magoo} amzn too vad..opinion?
[12:52] {Threei} none
[12:53] {magoo} aapl sh?
[12:53] {Threei} can't make sense of AMZN
[12:53] {Threei} AAPL is similar to RIMM but 161.50 is too far now
[12:53] {Threei} RIMM works if you got it above .40 or so
[12:54] {magoo} i just sh aapl @ 161.06
[12:54] {Threei} not my kind of trade
[12:55] {magoo} should have covered indstead of typing
[12:55] {magoo} sigh
[12:55] {Threei} why short into such sharp bar
[12:55] {magoo} loss of whole number..mkt pulling back
[12:56] {Threei} look how RIMM works... thing of beauty
[12:56] {Threei} clean, nice, low risk
[12:57] {Threei} wow... bruce
[12:57] {Threei} 30-50 cm of snow in your neck of woods by Tuesday??
[13:07] {bruce} dunno vad
[13:07] {bruce} anything can happen here
[13:07] {bruce} nice out now
[13:07] {bruce} when it gets above freezing people put on shorts and t shirts
[13:09] {Chaeron} it's going to be 82 or so here......
[13:09] {magoo} 70 here
[13:09] {Chaeron} no clouds in the sky... Raven hates me :)
[13:09] {magoo} so..u hate raven..so its equal lol
[13:10] {Chaeron} no way... Raven's my bud
[13:10] {magoo} bud or bird
[13:10] {Chaeron} lol
[13:17] {Raven}
3 {}
[13:17] {Raven}
3 {---------
[13:17] {bruce} birdbuds
[13:20] {Raven}
3 sheesh
[13:20] {bruce} they rock thru the treetops all day long
[13:21] {bruce} chirpin and a burpin all day long
[13:21] {Raven}
3 you started this, Chaeron !
[13:21] {bruce} oops
[13:21] * Raven slaps Chaeron around a bit with a large trout
[13:21] {bruce} the burpin part is mags
[13:23] {bruce} mags tell you about his fav game?
[13:23] {bruce} beer belchin bingo
[13:24] {magoo} u pushing your luck little man {soup nazi}
[13:25] {bruce} yeah I know - lol
[13:26] {magoo} laserdave, dcc please
[13:33] {Threei} if NQ breaks 1915, AAPL would be my lond candidate
[13:33] {magoo} more than RIMM?
[13:33] {Threei} yeah
[13:43] {Threei} OESX CNBC hype
[13:46] {magoo} LASERDAVE, check DCC
[13:46] {bruce} wow pcln one dollar spike in 15 seconds - a lot of shorts just got squeexed
[13:47] {Threei} no news too
[13:56] {Threei} ENERGY SEC BODMAN SAYS AWARE OF CONCERNS ABOUT EMPHASIS ON ETHANOL
- Adds that concern about environmental impact "not misplaced", but environmental concerns not reason to ignore biofuels
[13:56] {Threei} - Wants diversity of biofuels as it means "moving away" from corn-based ethanol
[14:00] {Laserdave1} magooooooo dcc please
[14:11] {bruce} ibm looks short here
[14:12] {Threei} I don't see any new news
[14:12] {Threei} this drop is another round of market jerkiness
[14:13] {Threei} and can easily turn into new jump
[14:13] {Threei} no new positions
[14:13] {Threei} let it resolve itself
[14:13] {magoo} oh oh
[14:14] * dptl slaps ThurstonHowellTheThird around a bit with a large trout
[14:20] {Threei} see this immediate jump back?
[14:20] {Threei} tell me I don't have a crystal ball...
[14:21] {magoo} you're good
[14:21] {bruce} you don't have a crystal ball
[14:21] {Threei} let me walk around a bit and listen to the sound..
[14:23] {bruce} the sounds of trouts slapping?
[14:23] {Threei} lol
[14:23] {Threei} JPM
[14:23] {magoo} trout???
[14:23] {Threei} watching for long scalp on bounce
[14:23] * magoo slaps Threei around a bit with a large trout
[14:23] * magoo slaps bruce around a bit with a large trout
[14:24] {Threei} want closer to 46
[14:24] * bruce slaps magoo around a bit with a large trout
[14:24] {bruce} take that
[14:24] * bruce slaps magoo around a bit with a large trout
[14:24] {bruce} double trouble
[14:25] * Threei slaps both bruce and magoo around a bit with crystal ball wrapped in a paper used previously for wrapping a trrout
[14:25] {dptl} lol
[14:26] {Threei} first strength from here, JPM
[14:26] {Threei} in
[14:26] {Threei} got .47
[14:27] {Threei} .89 stop
[14:27] {Threei} .97 sorry
[14:27] {Threei} grr... .97 entry, .89 stop
[14:28] {Threei} out
[14:28] {Threei} still feels ready to bounce to me, maybe a few more downticks
[14:29] {bruce} out ibm +.18 c on vadsters instructions to be conservative
[14:30] {Threei} good one
[14:30] {bruce} worked - not really enough for risk
[14:30] {bruce} but hey
[14:30] {bruce} I'll take the coin
[14:31] {bruce} doggy duty break
[14:31] {bruce} but first
[14:31] * bruce slaps magoo around a bit with a large trout
[14:31] * bruce slaps magoo around a bit with a large trout
[14:31] * bruce slaps magoo around a bit with a large trout
[14:31] {bruce} wake up magoo!
[14:31] * bruce slaps magoo around a bit with a large trout
[14:36] {magoo} magoo bounces face off keyboard..wakes up...
[14:43] {magoo} vad, poerup or blowup last hour?
[14:44] {Threei} no 'staying right here" option?
[14:47] {magoo} c'mon, what u feel?
[14:47] {Threei} up
[14:48] {Threei} anyone went for second round JPM, don't oversit it
[14:55] {dptl} Vad what was that symbol really expensive one....brk.r or bkr..or what?
[14:55] {Threei} brk.a
[14:55] {dptl} oh ty
[14:55] {Threei} watching V for possible short
[15:02] {Threei} anyone took it on jump back into 68?
[15:02] {Threei} blinked there a bit too fast for alert
[15:13] {Threei} .86 V long if holding above .80
[15:16] {Threei} take scalp
[15:16] {Threei} easy 15 cents
[15:16] {Threei} 1:2
[15:17] {Threei} OK guys, you all are asleep and I am beat
[15:17] {jmb} Thanks V
[15:17] {Threei} I'll bid you great relaxing weekend
[15:17] {Threei} jmb :)
[15:18] {magoo} ty vad
[15:18] {hawkfan4} thanks vad, enjoy
[15:18] {Threei} have a nice rest, ssee you all on Monday
[15:18] {bruce} you can't quit early vad
[15:18] {judijim} take care Vad, see you Monday:)
[15:18] {Threei} watch me
[15:18] {Threei} :)
[15:18] {dptl} .....have a good weekend all :)
[15:18] {bruce} mags would never forgive you
[15:18] {Threei} I'll find him a nice winner on Monday and bribe him with it
[15:19] {bruce} lol - guess you know mage pretty well
[15:19] {bruce} have a good un
[15:19] {bruce} calling it day myself
[15:19] {Threei} no but i am good at bribery
[15:19] {bruce} take care all
[15:19] {bruce} yes - and friedns that break kneecaps can always be used if bribes don't work
[15:20] {Threei} there... soviet mentality rubs off of you :)
[15:23] {bruce} yes - nice peoceful folks those soviets
[15:23] {bruce} bye all
[15:49] {markweb} take care all
[16:07] {magoo} good nite all
[08:22] {Threei} OIL SURGES AS INVESTORS HUNT AN 'ANTI-DOLLAR' - AMBROSE EVANS-PRITCHARD AT THE TELEGRAPH
- "There is some evidence that Opec has actually cut output by 350,000 bpd since the start of the year - a hostile move in the current climate. It blames the latest spike on "speculators", claiming that world demand will fall 1.4m bpd to 85.7m this quarter as the US grapples with recession."
[08:26] {hawkfan4} good morning
[08:26] {Threei} hawk :)
[08:29] {Threei} so far just what I hate... huge gap up
[08:30] {hawkfan4} and on options friday, not very promising
[08:30] {Threei} ah well
[08:31] {Threei} that was not my stellar week by any standard
[08:31] {Threei} can just as well finish it on mediocre note :)
[08:32] {hawkfan4} lol :) mediocore friday
[08:43] {fernp} gm
[08:43] {magoo} morn
[08:43] {Threei} fernp, magoo :)
[08:53] {Threei} 07:59am [OSTK] Reports Q1 -$0.17 v -$0.32e, R $200.7M v $168.9Me
[08:56] {Onix} Good morning
[08:56] {Threei} onix :)
[08:57] {magoo} vad..from all your experience..wouldn't you think goog will at least have some kind of pullback near opening bell or after bell?
[08:57] {magoo} 82 points
[08:57] {Threei} this is a total coin toss mags...
[08:57] {Threei} look at it this way
[08:58] {Threei} GOOG makes such big moves that it's practically impossible to tell meanignful move from simple uptick/downtick
[08:58] {Threei} where normal stock would get 10 cents pullback, GOOG will make 3-5 bucks one
[08:58] {magoo} but...some poeople got to want to lock that in
[08:59] {Threei} you can manage risk with 10 cents pullback
[08:59] {Threei} can you do the same with 5 bucks pullback?
[08:59] {Threei} its noise has magnitude much bigger than our usual meanigful moves
[09:00] {Threei} you can't trade noise because there is no read to it
[09:00] {Threei} and you can't trade its normal signals because noise exceeds your risk tolerance
[09:00] {Threei} this makes this stock simply untradeable to me
[09:01] {Threei} don't look at it from the point of view of what its chart says... look at it from risk management point of view
[09:01] {Threei} you may get lucky and hit big payoff
[09:01] {Threei} you get unlucky, your loss exceeds your worst nightmare
[09:01] {Threei} in my world it's called gambling
[09:03] {magoo} but..say it drpos sharply say 40 poinyts..isn't it a tradeable cbounce read then?
[09:03] {Threei} to give you further idea about how I approach this, think of our trades on RIMM?AAPL/AMZN in the following terms:
[09:03] {Threei} while we have overall positive experience with them
[09:03] {Threei} our shakeout rate is bigger on them than on your garden variety stock
[09:03] {Threei} why?
[09:04] {Threei} because the only way to stay positive on them is
[09:04] {Threei} to control your risk tight, hunt for the most favorable conditions and try to hit at the right moment.
[09:04] {Threei} However with this comes being shaken out more often on noise
[09:05] {Threei} because their noise is bigger than on garden-variety.
[09:05] {Threei} Now, this signal-to-noise ratio
[09:05] {magoo} true..and size down
[09:05] {Threei} is beyond average on these
[09:05] {Threei} which is exactly the reason for frequent shakeouts
[09:06] {Threei} yet when they do move for us
[09:06] {Threei} they post nice gains that keep us in green overall.
[09:06] {Threei} So when you look at trading them as a process vs separate events, it's a valid way to trade them.
[09:06] {Threei} But, their noise is about max we can handle
[09:07] {Threei} GOOG is way beyond that
[09:07] {Threei} so is BIDU
[09:07] {magoo} and POT
[09:07] {Threei} POT is somewhere inbetween RIMM/AAPL and GOOG/BIDU
[09:07] {Threei} [09:03] {magoo} but..say it drpos sharply say 40 poinyts..isn't it a tradeable cbounce read then?
[09:08] {Threei} sure... but why 40?
[09:08] {Threei} it went up yesterday over 50, andf that was still not all
[09:08] {Threei} how do you tell 40 from 35 or 45 on a stock that makes "meaningful" move of 40 points and then noise part of it 5 more?
[09:09] {Threei} and with noise you can't tell direction
[09:09] {Threei} you hit it at -40, it makes 5 more as a noise
[09:09] {Threei} before reversing.
[09:09] {Threei} You are right chart wise, yet you get hit with nasty loss
[09:09] {Threei} not my cup of tea...
[09:10] {magoo} i see your point
[09:12] {Threei} it's just that for me risk management goes first
[09:12] {Threei} and I cannot for the worlkd of me manage risk effectively on this stock
[09:13] {markweb} good morning all
[09:13] {Threei} mark :)
[09:13] {markweb} :)
[09:15] {cosmo} goog morning
[09:15] {Threei} you bidu us goog morning?
[09:16] {cosmo} ..?....ah....yes.... of course
[09:17] {dptl} good morning all
[09:17] {Threei} dp :)
[09:18] {tomg} gm all, room is going to POT :)
[09:18] {cosmo} hmmm
[09:19] {Threei} did tom just call us grow-op?
[09:19] {tomg} goog morning, vad, grow-op?
[09:19] {cosmo} can tom deliver?
[09:20] {tomg} ha!, good one cosmo
[09:20] {cosmo} :)
[09:20] {Threei} those hidden marijuana grow operations tom :)
[09:20] {tomg} earthquake this morning destroyed my crop
[09:20] {tomg} ah, ok
[09:21] {GeoArb} gm all
[09:21] {esemde} bruce cos dp fern geo hawk jmb mags mark onix patience tom martin and VAD....good morning....
[09:22] {markweb} ese:)
[09:23] {GeoArb} a below average week for me
[09:23] {GeoArb} and option friday
[09:24] {patience} morning ese and rt :)
[09:26] {cosmo} OSTK
[09:26] {Threei} geo, ese, patience :)
[09:27] {Threei} geo... from earlier:
[09:27] {Threei} [08:29] {Threei} so far just what I hate... huge gap up
[09:27] {Threei} [08:30] {hawkfan4} and on options friday, not very promising
[09:27] {Threei} [08:30] {Threei} ah well
[09:27] {Threei} [08:31] {Threei} that was not my stellar week by any standard
[09:27] {Threei} [08:31] {Threei} can just as well finish it on mediocre note :)
[09:27] {GeoArb} i read a great line in trading in zone
[09:27] {GeoArb} most traders experiences/feelings consist of the last couple of trades
[09:28] {Threei} SUSQUEHANNA CUTS POZN TO NET NEUTRAL FROM NET POSITIVE
[09:28] {GeoArb} professions look at last several 100 or something like that
[09:28] {GeoArb} professionals
[09:28] {Threei} yup... that's why I emphasize so often: view trading as a process, not as event or series of events
[09:29] {GeoArb} i did reduce my size though
[09:29] {GeoArb} i dont want consistent worst case to put me out of business :)
[09:31] {Threei} watching BRCM
[09:32] {Threei} need pullback to form the setup
[09:33] {Threei} yeah right
[09:33] {Threei} NFLX
[09:33] {Threei} half lot long .90
[09:33] {Threei} stop under .60
[09:34] {Threei} probably even less than half lot, considering slippage
[09:35] {bruce} cien looks long vad
[09:35] {Threei} NFLX invalidated
[09:35] {Threei} CIEN, 32 long bruce, yes
[09:37] {bruce} erts also looking strong - need pullbadck
[09:40] {Threei} BRCM better
[09:40] {Threei} may try aggressively here
[09:40] {Threei} with tight stop under .60
[09:40] {Threei} odds are 50/50, rather risk based setup
[09:41] {bruce} brcm stop 48 or wso?
[09:41] {Threei} if loses .60, look for another entry point closer to .40
[09:41] {magoo} full lot?
[09:41] {esemde} OSTK.....missed it
[09:41] {Threei} let it show strength first
[09:41] {Threei} yes, full lot, too tight stop
[09:42] {Threei} CIEN triggered
[09:42] {Threei} for scalpers stop .89, for daytrade .79
[09:46] {Threei} CIEN 1:1 for scalpers
[09:46] {esemde} FISV.....missed this as well....findingthings to late
[09:46] {Threei} no strength yet NQ
[09:46] {Threei} debating BRCM entry here
[09:47] {magoo} take look at RIMM vad
[09:47] {bruce} l brcm .38
[09:48] {Threei} beautiful entry bruce
[09:48] {Threei} I overthought it
[09:49] {Threei} RIMM looks like time to try it
[09:49] {Threei} stop under .60 if you got it
[09:50] {Threei} CIEN 1:1 for daytraders
[09:51] {Threei} notice how CIEN is oblivious to market weakness?
[09:52] {fernp} out CIEN +.22 Thanks Vad
[09:52] {bruce} thanx vad - topped +.02c didn't want to let it go against me
[09:52] {esemde} was just looking at CIEN....
[09:52] {Threei} mags
[09:52] {Threei} look at GOOG
[09:53] {Threei} by normal measurements, 528 is long setup
[09:53] {Threei} don't trade it
[09:53] {Threei} observe
[09:53] {magoo} i have been observing..ty
[09:53] {Threei} there.. can you hanbdle such voaltility?
[09:54] {Threei} it breaks, immediately drops 50 cents
[09:54] {bruce} sheesh cien - missed entry playing brcm
[09:54] {bruce} hope some of you got it
[09:54] {Threei} then jumps full dollar
[09:55] {esemde} just missed ADSK as well hmmmmmm
[09:55] {dptl} cien +.10 +.20 ty
[09:55] {esemde} can't get orders in quick enough when i see something
[09:55] {Threei} anyone strill holding CIEN?
[09:56] {esemde} this is not going to be my day....
[09:56] {Threei} just asking in case further read is needed
[09:56] {markweb} pl
[09:56] {Threei} who is pl?
[09:57] {Threei} short version of dptl?
[09:57] {markweb} pl read
[09:57] {Threei} ah
[09:57] {Threei} .30 is next barrier to break, stop is .09 for the balance,
[09:57] {Threei} if it breaks .30, low of this pullback becomes next level to trail stop to
[09:59] {esemde} bstop ADSK .91 1/2 lot
[10:00] {Threei} stop under .80 ese?
[10:00] {Threei} or you want .60 as support?
[10:00] {esemde} yes
[10:00] {esemde} not filled yet though
[10:00] {esemde} na under .80 is god for me
[10:01] {Threei} yeah... with this market gap, option expiration and overall Friday-ness, keep it tight and book profits
[10:01] {esemde} pattern straight out of your book Vad...
[10:02] {Threei} I have a book?
[10:02] {Threei} people keep telling me that...
[10:02] {esemde} might go for the quick hit as well and increase to full lot
[10:02] {Threei} it's under support...
[10:02] {esemde} Adsk invalidated for me now.....
[10:03] {esemde} was looking OK for one breif moment in time
[10:04] {esemde} ADSK following the NDX down
[10:05] {Threei} DLTR, watching for pullback closer to 30 for entry
[10:05] {Threei} BOOM
[10:05] {Threei} TICKING HIGHER ON TAKEOVER CHATTER CIRCULATING
[10:06] {Threei} XIDE again
[10:06] {Threei} .45 half lot long
[10:07] {Threei} CIEN stop to .14 mark
[10:08] {markweb} ty out @.33
[10:08] {bruce} out cien +.20
[10:08] {bruce} unabl;e to post - went long at .19 w 5 c stop
[10:08] {markweb} ty vad
[10:08] {markweb} ty bruce
[10:08] {bruce} welcome mark
[10:09] {Chaeron} hi all
[10:09] {Threei} chaeron :)
[10:10] {Threei} XIDE stop under .30
[10:10] {esemde} CCCCHHHHHHH BAAAAABY!!!!!!!!
[10:10] {Chaeron} ese!!!!!!! -
[10:10] {Chaeron} heheh
[10:11] {esemde} very vocal in support of chaeron.......when i first came on this board CH was the guy getting slapped around the most with the trout
[10:11] {esemde} felt sory for him
[10:11] {Threei} laserdave must have been on vacation at the time
[10:11] {Chaeron} I was?
[10:12] {esemde} I do believe your correct
[10:12] {esemde} ya CH ...seemed like it
[10:12] {markweb} ESLR short Vad?
[10:12] {Threei} something's wierd about ESLR
[10:13] {markweb} bad report
[10:13] {esemde} yes ...would agree ...but What?
[10:13] {Threei} I don't know mark... it trades without rhyme
[10:13] {esemde} wheres the report
[10:14] {Threei} [ESLR] Evergreen Solar Inc Reports Q1 -$0.01 v -$0.07e, R $18.3M v $21.8Me
[10:14] {Threei} - Guides Q2 EPS -0.10 v -$0.09e, R $21.5-22.5M v $21.8Me
[10:14] {Threei} - GM's 36%
[10:16] {Roman}
21 JASO near high
[10:18] {magoo} l rimm asa close to .50 you get
[10:18] {magoo} going for 122
[10:18] {magoo} RISKY
[10:18] {Roman}
21 long JASO off 25.05 break
[10:19] {markweb} JASO stop?
[10:19] {Roman}
21 small
[10:19] {Roman}
21 24.79
[10:19] {markweb} ty
[10:20] {magoo} offer rimm .94
[10:21] {judijim} gm everyone
[10:21] {Threei} jj :)
[10:21] {GeoArb} i missed xide
[10:21] {GeoArb} anyone still in?
[10:22] {Threei} barely holding
[10:22] {Threei} by fingertips
[10:22] {magoo} 160 big magnate for aapl today...but needs mkt to continue up...risky
[10:22] {markweb} stoped @.29
[10:22] {GeoArb} yeah look slike it touched .28
[10:22] {magoo} me vad
[10:22] {Threei} that was mark
[10:22] {magoo} out RIMM .94
[10:22] {magoo} + .30
[10:22] {Threei} good one mags
[10:22] {GeoArb} hmmmm looks like i am only tsking the winning trades (cien)
[10:23] {bruce} hello jj
[10:23] {Threei} hah
[10:23] {hawkfan4} nice one mags, thanks
[10:23] {Threei} they gave you that button geo?
[10:23] {GeoArb} THE EASY BUTTON
[10:23] {magoo} u take hawk?
[10:23] {hawkfan4} yep, +.20
[10:23] {magoo} cool
[10:24] {Roman}
21 DNDN small spike
[10:24] {magoo} good out hawk..has to breathe
[10:24] {Threei} no worky XIDE
[10:24] {bruce} any read ffiv vad? - volume drying up but looks long
[10:25] {Threei} DNDN
[10:25] {Threei} TICKING HIGHER ON RENEWED POSITIVE CHATTER CONCERNED POSSIBLE POSITIVE DEVELOPMENT WITH FDA
[10:25] {Threei} worth a try at .80 bruce
[10:26] {bruce} k vad thanx
[10:28] {Roman}
21 out 1/2 JASO
[10:28] {Roman}
21 .25
[10:29] {bruce} nice roman
[10:29] {Roman}
21 ty
[10:30] {markweb} Thanks Roman:)
[10:30] {Roman}
21 ym
[10:31] {markweb} who in DNDN?
[10:31] {Threei} control risk tihgtly on it mark
[10:32] {Threei} this is very treacherous stock
[10:32] {Roman}
21 PTEN?
[10:32] {Roman}
21 i quess, could sqeeze here with naz
[10:35] {Roman}
21 SOLF
[10:36] {Roman}
21 out remaining JASO +.47
[10:36] {Roman}
21 probably has much more in it
[10:37] {magoo} .50 long aapl to lay out around .88 .91
[10:37] {magoo} RISKJY
[10:37] {magoo} in
[10:42] {GeoArb} anyone having laser issue
[10:42] {GeoArb} i lost laser completely
[10:42] {dptl} fine here
[10:42] {magoo} ok here {so far}
[10:42] {judijim} okhere
[10:43] {magoo} reboot geo
[10:43] {magoo} here we gooooooooo aapl
[10:44] {magoo} out .81 GET out
[10:45] {magoo} + .34
[10:45] {magoo} has to breathe
[10:45] {magoo} there is .91
[10:45] {judijim} ty magoo aapl out at .86
[10:45] {magoo} nice
[10:46] {bruce} nice onemags - aapl gonna pay you- what was stop? - looks like you needed at least 50c for that one
[10:46] {magoo} just remember..they breathe hard
[10:46] {magoo} lay out
[10:46] {magoo} get out
[10:49] {magoo} [10:22] {magoo} 160 big magnate for aapl today...but needs mkt to continue up...risky
[10:49] {magoo} [10:22] {markweb} stoped @.29
[10:49] {GeoArb} back
[10:49] {markweb} was stopped @XIDE
[10:50] {Threei} watch RIMM for entry on this pullback when NQ resumes
[10:50] {magoo} where u thinking?
[10:50] {magoo} ,60 area
[10:51] {Roman}
21 PTEN in small 29.05
[10:52] {magoo} in out RIMM that fast TY vad .96 out .23
[10:52] {Threei} good one
[10:52] {Threei} it's not a price setup right now with RIMM
[10:52] {magoo} no way to post less than minute
[10:52] {Threei} it's a following
[10:53] {Threei} NQ posts sharp spike, RIMM gives little delay for entry
[10:53] {Threei} happens way too quick for timely post
[10:53] {Threei} either you have an experience with such plays or stay away
[10:53] {Threei} all I can do is to give the overall idea of the play
[10:54] {Threei} no way to post in time
[11:01] {Threei} another NQ spike is coming
[11:01] {Threei} lol... arrived while I typed
[11:04] {Threei} what the...
[11:05] {Threei} did we catch OBL?
[11:05] {GeoArb} obl?
[11:05] {Threei} state enemy #1? :)
[11:05] {GeoArb} ohhh
[11:07] {Threei} FORMER FED CHMN GREENSPAN: WOULD 'LIKE TO SAY WORST OF CREDIT CRISIS IS OVER', CREDIT MARKET IS 'STILL CRITICAL'
[11:13] {magoo} i was disconnected..am i here??
[11:14] {Threei} yes
[11:14] {magoo} because i type and it posts like i was here
[11:14] {magoo} so TY
[11:14] {magoo} thought u all had me on ignore
[11:15] {patience} never magoo
[11:15] {magoo} wouldn't blame u he he
[11:15] {Threei} we do... but we would never admit it, we are too polite
[11:19] {magoo} vad..aapl bounce or rimm bounce or no support here?
[11:19] {Threei} will totally depend on NQ
[11:19] {Threei} none of them trades on their owqn merit right now
[11:20] {magoo} understood..just wondering if u watching
[11:23] {markweb} out BRCM +.50 Thanks VAD & BRUCE
[11:24] {Threei} mark is killing the market today
[11:24] {markweb} no
[11:25] {GeoArb} i hereby declare today as the mediocricity erasing friday
[11:25] {Threei} lol
[11:25] {bruce} not my call mark
[11:25] {bruce} glad it worked for you
[11:26] {markweb} i have 4/8
[11:26] {bruce} nice win
[11:27] {Threei} what about win/loss size ratio?
[11:27] {Threei} 50% hit rate works if you manage size ratio right
[11:28] {markweb} 4 win 4 loss/ in green
[11:28] {Threei} size of win vs size of loss is what I mean
[11:29] {markweb} aprx. same
[11:29] {Threei} another NQ spike is coming
[11:29] {Threei} hmmm
[11:30] {Threei} if they are the same, something isn't quite right
[11:30] {markweb} y
[11:30] {Threei} going for strict 1:1 should give you more wins
[11:30] {Threei} holding for more gains will lower amount of wins but improve size ratio
[11:31] {magoo} mark,,u laser?
[11:31] {magoo} go to analysis
[11:31] {markweb} with IB
[11:33] {markweb} doctor have to go to my analysis:)
[11:34] {GeoArb} heyheyhey
[11:34] {GeoArb} an IB guy
[11:34] {GeoArb} i have that too
[11:37] {magoo} they any good?
[11:37] {GeoArb} wellll
[11:37] {GeoArb} depends on your style
[11:37] {GeoArb} probably not for you magoo
[11:37] {magoo} my style
[11:37] {magoo} why
[11:37] {GeoArb} youre a fast scalper
[11:37] {GeoArb} their LII SUCKS
[11:38] {GeoArb} but they are the only broker i know with universal account and extensive API with the bredth of instruments
[11:38] {bruce} how so geo - slow display?
[11:39] {GeoArb} slow and bad :)
[11:39] {GeoArb} mark wanna chime in?
[11:39] {markweb} charting is ^%$&^$%
[11:39] {GeoArb} also they dont do tick data
[11:39] {GeoArb} its snapshots lol
[11:40] {magoo} hmm..how do i apply?
[11:40] {GeoArb} mark DCC pls
[11:40] {bruce} snapshots - not real time ? wow - sucks big time
[11:40] {GeoArb} no its realtime
[11:40] {GeoArb} they just choose to sample and aggregate
[11:41] {GeoArb} lets say one burst every 100 ms
[11:41] {GeoArb} no realtime
[11:41] {GeoArb} tick by tick
[11:41] * Threei slaps Laserdave1 around a bit with a large trout
[11:42] {GeoArb} markweb dcc pls
[11:42] {GeoArb} its good for maitaining positions
[11:42] {GeoArb} not so for scalping
[11:43] {bruce} hmmm k
[11:45] {GeoArb} and did i menton you dont get laserdave their?
[11:45] {GeoArb} average phone wait 30 mins :D
[11:45] {magoo} where do i sign up??
[11:45] {Threei} I am sold
[11:45] {GeoArb} its for longer term positions
[11:46] {Threei} PTEN
[11:47] {Threei} .31 worth a try
[11:47] {Threei} sheesh... too fast
[11:47] {Threei} support .20, see if it pulls back for entry
[11:48] {bruce} amzn on fire
[11:50] {magoo} holy crap AMZN
[11:50] {Threei} XIDE shook us out
[11:50] * Chaeron slaps Laserdave1 around a bit with a large trout
[11:51] {bruce} cien holding hi so far - read on long break vad?
[11:52] {Threei} NQ rather feels like topping out bruce
[11:52] {Threei} at least temporarily
[11:52] {bruce} k- not surprised - reluctant to go long at these levels - thanx
[11:53] {Threei} maybe spike or tewo more but risk becomes way too high here
[11:53] {Threei} because when selloss comes it's likely to be quite hard
[11:53] {Threei} selloff
[11:54] {bruce} yes - was thinkiing same
[11:54] {bruce} looking for short candidates
[11:54] {GeoArb} good friday guys.... off to work... have a great weeekend
[11:55] {Threei} take care Geo, have a good one
[11:55] {Threei} come on PTEN
[11:55] {Threei} one more spike
[11:55] {magoo} have nice weekend
[11:55] {judijim} bye Geo have a good weekend
[11:56] {markweb} bye Geo
[11:56] {bruce} take care geo
[11:56] {Threei} 1:1 PTEN
[11:57] {jmb} PTEN Thanks Vad
[11:57] {Threei} :)
[11:57] {Threei} sheesh JASO
[11:57] {Threei} Roman hit the nail on this one
[11:58] {Roman}
21 out PTEN +.39
[11:59] {tomg} ty pten, vad
[12:00] {tomg} gotta go, have a nice weekend everyone
[12:00] {magoo} bye tom
[12:00] {judijim} taking break be back hour, good day + so far
[12:06] {Threei} take care tom
[12:07] {bruce} bye tom
[12:07] {Threei} CIEN lost the lustre bruce
[12:07] {bruce} congrats jj- you seem to be very consistnet
[12:07] {Threei} break would have been a trap
[12:07] {Threei} good thing we restrained elation
[12:07] {bruce} yes - thought it might - wuld like to see small spike up then short in it
[12:08] {bruce} ibm wlt same long trap
[12:20] {bruce} looks like market still wants up vad
[12:21] {Threei} amazing as it is
[12:25] {Threei} starts feeling like it wants just continue climbing
[12:25] {Threei} not sure I can find easy follopwer though
[12:26] {Threei} there is always QID short of course
[12:26] {Threei} but it's anything but easy
[12:29] {Threei} if NQ bottoms off 1910 and resumes, it should roughly match QID bounce into 43 and resumption of downward
[12:29] {Threei} let's watch how it works
[12:30] {Threei} meawhile... look at NASDAQ daily...
[12:30] {Threei} quite something
[12:30] {Threei} inverted head and shoulder confirmed
[12:30] {Threei} double bottom confirmed
[12:31] {Threei} inverted cup and handle failed
[12:31] {Threei} all bullish formations you can think of
[12:31] {Threei} all kinds of MA rossovers too
[12:32] {Threei} crossovers
[12:32] {Threei} and all this happens when financial/economic climate is one of 1929 kind
[12:33] {Threei} don't be so sleepy guys
[12:34] {Threei} you are wintnessing historic market events
[12:34] {Threei} at least pretend you are interested
[12:34] {magoo} am..want a trade
[12:36] {patience} i am not asleep, just have so many trades in, hedging all over the place.. i'm like magoo...just want a clean scalping opportunity :)
[12:51] {Threei} RIMM short around .50
[12:51] {Threei} with stop above .65
[12:51] {magoo} like it
[12:52] {magoo} amzn too vad..opinion?
[12:52] {Threei} none
[12:53] {magoo} aapl sh?
[12:53] {Threei} can't make sense of AMZN
[12:53] {Threei} AAPL is similar to RIMM but 161.50 is too far now
[12:53] {Threei} RIMM works if you got it above .40 or so
[12:54] {magoo} i just sh aapl @ 161.06
[12:54] {Threei} not my kind of trade
[12:55] {magoo} should have covered indstead of typing
[12:55] {magoo} sigh
[12:55] {Threei} why short into such sharp bar
[12:55] {magoo} loss of whole number..mkt pulling back
[12:56] {Threei} look how RIMM works... thing of beauty
[12:56] {Threei} clean, nice, low risk
[12:57] {Threei} wow... bruce
[12:57] {Threei} 30-50 cm of snow in your neck of woods by Tuesday??
[13:07] {bruce} dunno vad
[13:07] {bruce} anything can happen here
[13:07] {bruce} nice out now
[13:07] {bruce} when it gets above freezing people put on shorts and t shirts
[13:09] {Chaeron} it's going to be 82 or so here......
[13:09] {magoo} 70 here
[13:09] {Chaeron} no clouds in the sky... Raven hates me :)
[13:09] {magoo} so..u hate raven..so its equal lol
[13:10] {Chaeron} no way... Raven's my bud
[13:10] {magoo} bud or bird
[13:10] {Chaeron} lol
[13:17] {Raven}
3 {}
[13:17] {Raven}
3 {---------
[13:17] {bruce} birdbuds
[13:20] {Raven}
3 sheesh
[13:20] {bruce} they rock thru the treetops all day long
[13:21] {bruce} chirpin and a burpin all day long
[13:21] {Raven}
3 you started this, Chaeron !
[13:21] {bruce} oops
[13:21] * Raven slaps Chaeron around a bit with a large trout
[13:21] {bruce} the burpin part is mags
[13:23] {bruce} mags tell you about his fav game?
[13:23] {bruce} beer belchin bingo
[13:24] {magoo} u pushing your luck little man {soup nazi}
[13:25] {bruce} yeah I know - lol
[13:26] {magoo} laserdave, dcc please
[13:33] {Threei} if NQ breaks 1915, AAPL would be my lond candidate
[13:33] {magoo} more than RIMM?
[13:33] {Threei} yeah
[13:43] {Threei} OESX CNBC hype
[13:46] {magoo} LASERDAVE, check DCC
[13:46] {bruce} wow pcln one dollar spike in 15 seconds - a lot of shorts just got squeexed
[13:47] {Threei} no news too
[13:56] {Threei} ENERGY SEC BODMAN SAYS AWARE OF CONCERNS ABOUT EMPHASIS ON ETHANOL
- Adds that concern about environmental impact "not misplaced", but environmental concerns not reason to ignore biofuels
[13:56] {Threei} - Wants diversity of biofuels as it means "moving away" from corn-based ethanol
[14:00] {Laserdave1} magooooooo dcc please
[14:11] {bruce} ibm looks short here
[14:12] {Threei} I don't see any new news
[14:12] {Threei} this drop is another round of market jerkiness
[14:13] {Threei} and can easily turn into new jump
[14:13] {Threei} no new positions
[14:13] {Threei} let it resolve itself
[14:13] {magoo} oh oh
[14:14] * dptl slaps ThurstonHowellTheThird around a bit with a large trout
[14:20] {Threei} see this immediate jump back?
[14:20] {Threei} tell me I don't have a crystal ball...
[14:21] {magoo} you're good
[14:21] {bruce} you don't have a crystal ball
[14:21] {Threei} let me walk around a bit and listen to the sound..
[14:23] {bruce} the sounds of trouts slapping?
[14:23] {Threei} lol
[14:23] {Threei} JPM
[14:23] {magoo} trout???
[14:23] {Threei} watching for long scalp on bounce
[14:23] * magoo slaps Threei around a bit with a large trout
[14:23] * magoo slaps bruce around a bit with a large trout
[14:24] {Threei} want closer to 46
[14:24] * bruce slaps magoo around a bit with a large trout
[14:24] {bruce} take that
[14:24] * bruce slaps magoo around a bit with a large trout
[14:24] {bruce} double trouble
[14:25] * Threei slaps both bruce and magoo around a bit with crystal ball wrapped in a paper used previously for wrapping a trrout
[14:25] {dptl} lol
[14:26] {Threei} first strength from here, JPM
[14:26] {Threei} in
[14:26] {Threei} got .47
[14:27] {Threei} .89 stop
[14:27] {Threei} .97 sorry
[14:27] {Threei} grr... .97 entry, .89 stop
[14:28] {Threei} out
[14:28] {Threei} still feels ready to bounce to me, maybe a few more downticks
[14:29] {bruce} out ibm +.18 c on vadsters instructions to be conservative
[14:30] {Threei} good one
[14:30] {bruce} worked - not really enough for risk
[14:30] {bruce} but hey
[14:30] {bruce} I'll take the coin
[14:31] {bruce} doggy duty break
[14:31] {bruce} but first
[14:31] * bruce slaps magoo around a bit with a large trout
[14:31] * bruce slaps magoo around a bit with a large trout
[14:31] * bruce slaps magoo around a bit with a large trout
[14:31] {bruce} wake up magoo!
[14:31] * bruce slaps magoo around a bit with a large trout
[14:36] {magoo} magoo bounces face off keyboard..wakes up...
[14:43] {magoo} vad, poerup or blowup last hour?
[14:44] {Threei} no 'staying right here" option?
[14:47] {magoo} c'mon, what u feel?
[14:47] {Threei} up
[14:48] {Threei} anyone went for second round JPM, don't oversit it
[14:55] {dptl} Vad what was that symbol really expensive one....brk.r or bkr..or what?
[14:55] {Threei} brk.a
[14:55] {dptl} oh ty
[14:55] {Threei} watching V for possible short
[15:02] {Threei} anyone took it on jump back into 68?
[15:02] {Threei} blinked there a bit too fast for alert
[15:13] {Threei} .86 V long if holding above .80
[15:16] {Threei} take scalp
[15:16] {Threei} easy 15 cents
[15:16] {Threei} 1:2
[15:17] {Threei} OK guys, you all are asleep and I am beat
[15:17] {jmb} Thanks V
[15:17] {Threei} I'll bid you great relaxing weekend
[15:17] {Threei} jmb :)
[15:18] {magoo} ty vad
[15:18] {hawkfan4} thanks vad, enjoy
[15:18] {Threei} have a nice rest, ssee you all on Monday
[15:18] {bruce} you can't quit early vad
[15:18] {judijim} take care Vad, see you Monday:)
[15:18] {Threei} watch me
[15:18] {Threei} :)
[15:18] {dptl} .....have a good weekend all :)
[15:18] {bruce} mags would never forgive you
[15:18] {Threei} I'll find him a nice winner on Monday and bribe him with it
[15:19] {bruce} lol - guess you know mage pretty well
[15:19] {bruce} have a good un
[15:19] {bruce} calling it day myself
[15:19] {Threei} no but i am good at bribery
[15:19] {bruce} take care all
[15:19] {bruce} yes - and friedns that break kneecaps can always be used if bribes don't work
[15:20] {Threei} there... soviet mentality rubs off of you :)
[15:23] {bruce} yes - nice peoceful folks those soviets
[15:23] {bruce} bye all
[15:49] {markweb} take care all
[16:07] {magoo} good nite all
