May 29 2008
Session Time: Thu May 29 00:00:00 2008
[08:25] {Threei} OPEC RESEARCH CHIEF QABAZARD SEES OIL STOCKS BUILDING TO AN AVERAGE OF 500K BPD IN 2008
- Says OPEC spare capacity is 3M bpd.
[08:25] {Threei} - Note: On the capacity issue, the Qatari Oil minister stated back on May 22 that OPEC was producing at its full capacity.
[08:30] {Threei} Q1 PRELIMINARY GDP PRICE INDEX: 2.6% V 2.6%E
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 372K V 370KE; CONTINUING CLAIMS: 3.104M V 3.080ME
[08:31] {Threei} CORE PCE Q/Q: 2.1% V 2.2%E
[08:31] {Threei} Q1 PRELIMINARY GDP ANNUALIZED: 0.9% V 0.9%E; PERSONAL CONSUMPTION: 1.0% V 1.0%E
[08:32] {Threei} COLOMBIA SIGNS AGREEMENT TO PURCHASE 65,000 XO LAPTOPS
[08:50] {cosmo} ESLR
[08:50] {Threei} ESLR was downgraded earlier
[08:50] {cosmo} hmm
[08:51] {Threei} 05/29/08 04:08am
[08:51] {Threei} [ESLR] Evergreen Solar Inc Merrill Lynch Cuts ESLR to Sell from Neutral
[08:51] {Threei} - Cites potential German subsidy cuts
[08:53] {magoo} sedarmoc kninrom (:
[08:53] {Threei} wow
[08:53] {Threei} where is my decoder ring
[08:54] {dptl} good morning all
[08:54] {Threei} dp :)
[08:57] {Threei} keeping an eye on VVUS for possible continuation
[09:02] {fernp} good morning
[09:02] {Threei} fern :)
[09:04] {Threei} 08:28am [TLM] Ivanhoe Energy to acquire oil sands assets from Talisman Energy for C$105M
[09:05] {magoo} whats with KOSN vad?
[09:05] {Threei} buyout
[09:05] {Threei} by BMY
[09:09] {cosmo} EXPD @ 24 pre mkt high
[09:09] {cosmo} EXPE
[09:09] {cosmo} sorry
[09:17] {_osbo} HI
[09:17] {Threei} hi osbo, welcome
[09:18] {magoo} morn osbo
[09:18] {hawkfan4} morning all
[09:19] {Threei} hawk :)
[09:25] {GeoArb} gm
[09:25] {Threei} Geo :)
[09:28] {dino} gm all
[09:28] {Threei} dino :)
[09:29] {Threei} BWEN is wind energy?
[09:31] {hawkfan4} yes
[09:31] {Threei} nasty Level 2
[09:37] {pita} morning TY
[09:37] {Threei} hi pita
[09:37] {Threei} guys, save that reserve server somewhere
[09:38] {magoo} why?
[09:39] {Threei} ummm... because you'll need it every time chat host has dns problems?
[09:39] {GeoArb} i used reserve
[09:39] {GeoArb} anyne knows how to add it in mirc script as backup?
[09:40] {Threei} File-Options-Connect-Add
[09:40] {GeoArb} ty
[09:42] {dino} sm l cedc .00
[09:43] {Threei} FCEL
[09:43] {Threei} .95 long
[09:44] {Threei} .84 stop
[09:44] {magoo} in
[09:44] {Threei} 10 is decisive resistance for it
[09:44] {Threei} .95 is somewhat aggressive entry
[09:45] {magoo} wheres the exit if works? 10.15 area?
[09:45] {Threei} I will try to partial
[09:46] {Threei} there is no clear resistance to exit into, 10 break has nothing up to about 11
[09:46] {magoo} look at V
[09:46] {Threei} so, go with real time tape
[09:48] {Threei} where is ese... if FCEL takes 10 and jumps, he owes us a bottle of champaign
[09:49] {Threei} {FCEL} 10? what 10?
[09:49] {magoo} COCO pop
[09:50] {Threei} ese... FCEL :)
[09:51] {esemde} morning vad...
[09:51] {magoo} news AAPL?
[09:52] {Threei} no
[09:52] {magoo} shit..was looking at .27
[09:53] {esemde} FCEL...lookin good.....maybe should have had full lot
[09:54] {magoo} AAPL bounmce area vad?
[09:54] {Threei} TELK 2.11 long
[09:55] {Threei} it's 40 cents from low
[09:55] {magoo} was low when asked
[09:56] {Threei} when it jumps like this, how is it possible to alert in time
[09:57] {Threei} ARBA
[09:58] {Threei} .25 long
[09:58] {Threei} if stays above .10
[10:00] {magoo} SINO feels like 17
[10:00] {dino} sm l joyg .50
[10:03] {dino} out cedc .47 +.47
[10:05] {GeoArb} V not letting up
[10:05] {Threei} come on FCEL... it can't be 10 cents was all you were capable of
[10:06] {dino} jef s .52 stop .70
[10:06] {magoo} look at MA geo
[10:06] {dino} out joyg .90, +.40
[10:06] {esemde} my thinking exactly....i'll be out todat sometime
[10:07] {Threei} PREIVEW: DOE AND API PETROLEUM INVENTORY DATA DUE OUT AT 10:30AMET
**consensus expectations:
[10:07] {Threei} - Crude: -300Ke
[10:07] {Threei} - Gasoline: -200Ke
[10:07] {Threei} - Distillates: +1Me
[10:12] {dptl} stopped fcel
[10:12] {Threei} yeah
[10:15] {Threei} ARBA holding well during market selling
[10:16] {esemde} yep....it's made anice move from the 10 area
[10:18] {Threei} SINA
[10:18] {Threei} half lot long 52 break
[10:18] {Threei} if stays above 51.80
[10:18] {dino} jef stopped -.19
[10:18] {magoo} in
[10:18] {magoo} 52
[10:20] {Threei} ARBA looks good for more than scalp, just hopefully oil numbers do not kill market
[10:20] {Threei} SINA over 1:2
[10:21] {Threei} out .50
[10:21] {magoo} out here .54 TY VAD
[10:21] {Threei} welcome
[10:21] {magoo} nice spot
[10:22] {Threei} classic chart...
[10:22] {Threei} kind of C&H on 1 min
[10:22] {magoo} easy button
[10:25] {dino} ulbi s sm .63 stop .01
[10:25] {Threei} ARBA nears 1:1
[10:25] {magoo} AAPL going fgreen
[10:25] {Threei} make up your mind guys
[10:25] {magoo} not in
[10:25] {Chaeron} good morning all... looks like I missed a golden one... SINA... nice job guys
[10:25] {Threei} chaeron :)
[10:25] {magoo} charbroil baby
[10:25] {Threei} I am holding, but manage your trade according to your objectives and risk tolerance
[10:26] {esemde} CCCCCCCCCHHHHHHHHH!!!!!!
[10:26] {Threei} my current take is,
[10:26] {magoo} huh?whats that mean?
[10:26] {Chaeron} hi magoo, ese :)
[10:26] {Threei} in this choppy environemtn we get unusually high stop ratio
[10:26] {magoo} aapl opopped .50 cents
[10:26] {Threei} so I keep stops tight while trying to milk winners to their full extent
[10:26] {Threei} you saw it yesterday with CSIQ for instance
[10:27] {magoo} we trade csiq yesterday?
[10:27] {Threei} lol
[10:27] {Chaeron} yep :) for .40+
[10:27] {Threei} wow... SINA decided to make us look cheapskates
[10:27] {Threei} you for 40, chaeron... I held for .85 exit :)
[10:28] {Chaeron} oh yeah........ :)
[10:28] {Threei} not berating your exit, just illustrating an approach I just discussed
[10:29] {Threei} market gets jittery closer to oil numbers
[10:29] {Threei} what a nonsense it is to monitor them every week and react on them as some major indicator
[10:30] {Threei} DOE CRUDE: -8.9M V -300KE;
[10:30] {Threei} yikes
[10:30] {magoo} u know my biggest change in perspective over years?
[10:30] {Threei} GASOLINE: -3.26M V -200KE; DISTILLATES: +1.64M V +1ME; UTILIZATION: 87.9 % V 88.4%E
[10:30] {GeoArb} tell tell magoo
[10:31] {magoo} out dinos JOYG + buck TY dino
[10:31] {magoo} got .57
[10:31] {GeoArb} ?
[10:31] {dino} np
[10:31] {dino} gj
[10:31] {magoo} ok, its the nonsense day to day which moves mkt
[10:32] {GeoArb} you mean reports?
[10:32] {magoo} a bit of info moves today..forgotten tommorrow
[10:32] {fernp} look at USO
[10:32] {Threei} sure
[10:32] {dino} geo i'm reporting you
[10:32] {GeoArb} to the unprofitable comission?
[10:33] {esemde} what the heck is the NDX doing?
[10:33] {dino} no, i believe the commision side is always profitable
[10:33] {GeoArb} hehehe
[10:33] {Threei} dropping ese... as oil is jumping
[10:34] {magoo} any one still in ARBA?
[10:34] {magoo} id like to be in jessica arba lol
[10:34] {Threei} with all the decrease in driving reported lately, how could inventory numbers go that disastrous?
[10:35] {dino} how about alba
[10:35] {magoo} OH ROFLOL
[10:35] {magoo} yeah ..her
[10:36] {magoo} dino rockin office with the kid {kid rock}
[10:37] {Roman} 21 PEIX
[10:37] {Roman} 21 boucing
[10:37] {dino} kiiiiiidddddddddddddddrock!
[10:38] {Threei} DOE SAYS IT ACCIDENTALLY BRIEFLY POSTED THE INVENTORY DATA ABOUT 15 MINUTES BEFORE 10:30AMET
[10:38] {Roman} 21 long PEIX
[10:39] {Roman} 21 stop 3.49
[10:39] {Threei} EIA: DROP IN CRUDE DELIVERIES DUE TO TEMPORARY DELAYS IN THE GULF
[10:40] {magoo} how could est be off so badly?
[10:41] {Threei} read above
[10:42] {dino} yeah, accidentally, sure, and i have some swamp land
[10:42] {Threei} I mean this
[10:42] {Threei} [10:39] {Threei} EIA: DROP IN CRUDE DELIVERIES DUE TO TEMPORARY DELAYS IN THE GULF
[10:42] {dino} oih hod
[10:43] {dino} what are you trying to say 3i??????????????????????????/
[10:43] {dino} just messing w/ya
[10:44] {Threei} what magoo is rubbing off of you? :)
[10:44] {Threei} I hoped you would be a good influence on him
[10:44] {Threei} but it seems rather other way around
[10:45] {dino} late night
[10:46] {Threei} SOLF chart is breaky... not sure how much we can trust it
[10:46] {Chaeron} dino - cell phone in freezer and bottle of vodka on bedstand?
[10:46] {Threei} see if you like it
[10:46] {Threei} stop under 21
[10:47] {dino} lol, no but golf and brews
[10:47] {Threei} don't chase beyond .15 - .20 area
[10:47] {Roman} 21 watching TSRA
[10:47] {Threei} I personally will skip it
[10:47] {Roman} 21 feels higher
[10:47] {dino} i must be getting old
[10:48] {Threei} arba stop to under .20 for me
[10:50] {pita} day job calling - c u later
[10:50] {Threei} take care pita
[10:50] {judijim} gm all, Judi off to her office Jim will be watching today.
[10:50] {Threei} hi jj
[10:50] {Threei} missed couple good ones :(
[10:52] {magoo} bye pita
[10:52] {magoo} morn jim
[10:52] {Threei} KLAC interesting
[10:53] {Threei} it jiggles around a lot, try to grab it closer to 46
[10:53] {Threei} with stop under 45.90
[10:54] {Threei} see these teleportations by 10-15 cents?
[10:54] {Threei} this is the chance for right entry on the likes of KLAC
[10:55] {Threei} NQ breaks 2020, ARBA should start second leg on its way to 15
[10:59] {Threei} NQ retreated in lower BB
[10:59] {Threei} ARBA stays put
[10:59] {dino} ulbi stopped .35. +.28
[10:59] {Threei} good salmon scenario, want to see now NQ bounce with ARBA making new high
[11:00] {Threei} MRO CEO: ETHANOL PROCUDERS CAN MEET 2008 MANDATE, GETTING ETHANOL TO BLENDERS WILL BE DIFFICULT
- Says a pull back in oil would help refiners and consumers
[11:00] {Threei} - Notes that gasoline makers struggling, diesel profitable
[11:01] {Threei} textbook so far
[11:01] {Threei} see this relation between salmon stopck and market?
[11:02] {Threei} memorize it, this is ideal scenario
[11:02] {Threei} good to have it in your arsenal
[11:02] {Threei} half out ARBA
[11:02] {Chaeron} KLAC near 46
[11:03] {Chaeron} oops... it was
[11:03] {GeoArb} salmon as in against current?
[11:03] {Threei} NQ lost support on 1 min
[11:03] {Threei} right geo
[11:04] {Threei} strictly speaking, ARBA is not exact salmon
[11:04] {Threei} it's rather a market follower with nice relative strength
[11:04] {Threei} but its behavior on market pullbacks was very typical for a salmon
[11:08] {Threei} jeez FEED
[11:08] {Threei} it bought two hog farms
[11:08] {Threei} look at it go
[11:09] {Threei} ACQUIRES TWO ADDITIONAL PRODUCING COMMERCIAL HOG FARMS IN CHINA'S FUJIAN PROVINCE; EXPECTS ACQUISITIONS TO BE IMMEDIATELY ACCRETIVE TO 2008 EARNINGS
- AgFeed's management is already in place operating the newly acquired hog farms.
[11:09] {Threei} - With the addition of these newly acquired hog farms, AgFeed now owns controlling interest (on average more than 90%) in 24 producing commercial hog farms in several provinces in China, including two breeder hog farms, with an aggregate annual hog production capacity of approximately 550,000 hogs.
[11:10] {dino} making bacon
[11:10] {Chaeron} Chinese Fed releasing BBQ Pork Ribs numbers tomorrow
[11:10] {Chaeron} (teasing)
[11:11] {dino} mmmmmmm
[11:11] {dino} magoo's releasing gas
[11:12] {dino} sm s oyog .29 thin, risky
[11:23] {magoo} price of sweet-n-sour pork to rise predicted
[11:24] {dino} you guys are making me hungry
[11:24] {esemde} Outta here til tomorow....see ya'll
[11:25] {Threei} take care ese
[11:25] {dino} cost drop
[11:25] {dino} lateres
[11:25] {Threei} COST news just now
[11:25] {Threei} CFO: HAD 'PRETTY STRONG' GROSS MARGINS IN Q4 LAST YEAR, BUT DOES NOT EXPECT SAME THIS YEAR - CONF CALL
[11:29] {Threei} oil comes to its sense after spike on inventory report
[11:30] {Threei} that was one of the wierdest reports I've ever sen on oil inventories I must say
[11:30] {Threei} look at USO drop
[11:31] {Threei} right back where it started
[11:31] {magoo} what is USO exactly? a stock?
[11:32] {Threei} oil fund ETF
[11:32] {magoo} long fund?
[11:32] {Threei} yes
[11:32] {magoo} ty
[11:35] {Threei} http://seekingalpha.com/page/etf-finder
[11:35] {Threei} bookmark this to find any ETF humankind ever came up with
[11:36] {magoo} why? i got u he he
[11:37] {dino} oyog cov .91 +.39
[11:37] {GeoArb} same with news eh magoo?
[11:37] {GeoArb} :)
[11:38] {GeoArb} i have been thinking of dropping news and scanner and become a barnacle to threei
[11:38] {Threei} as long as he doesn't ask for vodka recommendations...
[11:38] {GeoArb} hmm about that WHICH one?
[11:40] {Threei} ARBA new high
[11:40] {Threei} trailing to .35
[11:41] {magoo} u using hard stop
[11:41] {Threei} no
[11:42] {magoo} i think i will set it as a test
[11:43] {Roman} 21 FORD waking up, no volume yet
[11:46] {Threei} NQ approaches that 2020 again
[11:49] {dino} sm l cost .15
[11:49] {Threei} break
[11:49] {Threei} go ARBA
[11:50] {dino} stopped too soon
[11:52] {dino} rinsed
[11:56] {Threei} out 1/4 more ARBA
[11:56] {Threei} .78
[11:56] {Threei} +.52
[11:56] {Threei} stop to .45 for the last portion
[11:56] {Roman} 21 long JRJC small
[11:57] {Roman} 21 25.15 area
[11:59] {dino} joyg drop
[12:01] {magoo} vad, i highlighted my stopped stop order, but it willnot delete when i hit delete butto
[12:03] {Threei} hit red square first
[12:03] {magoo} did..its stopped
[12:03] {dino} moscow?
[12:03] {magoo} lol
[12:03] {Threei} then 6th button from the left
[12:03] {Threei} Delete all stopped and finished orders
[12:04] {Chaeron} dino... I was thinking the same thing...
[12:04] {Threei} lol
[12:04] {Threei} sheesh, I am slow today
[12:04] {dino} sm l joyg .00
[12:04] {Threei} first who asks "today?" gets slapped silly
[12:04] {magoo} ok worjked ty
[12:04] {Chaeron} what really scared me is what kind of firepower magoo must have....
[12:05] {magoo} today}?
[12:06] {Threei} except magoo
[12:06] {magoo} dammit..i knew it
[12:07] {dino} great minds think alike, huh chaeron
[12:09] {Chaeron} :)
[12:09] {Threei} this explains why my cat always agrees with me on everything
[12:11] {dino} joyg stopn to .41
[12:13] {dino} stopped .41, +.41
[12:13] {dino} .
[12:15] {Threei} trailing ARBA to .55
[12:15] {dino} ..
[12:20] {dino} joyg sm l .70
[12:25] {Threei} ok ARBA
[12:25] {magoo} arba new high
[12:25] {Threei} jump over .90 and I am soo out
[12:27] {magoo} where u waiting and be honest so i can be penny under
[12:30] {GeoArb} can i share something
[12:30] {dino} joyg stop to b/e
[12:30] {GeoArb} sooooo when i stopped out on FCEL
[12:30] {dino} daughter wants to go to lunch
[12:30] {GeoArb} i closed ARBA out for a loss too
[12:31] {GeoArb} and have been wiistfully watching you guys :(
[12:31] {GeoArb} fat fingers
[12:32] {magoo} let winner win and ditch loser
[12:33] {GeoArb} i closed arba at 14.21 by mistake
[12:33] {GeoArb} i am going to rememner that
[12:34] {magoo} good mistake ikf u learn something
[12:35] {dino} to .99 joyg back in 30
[12:39] {Threei} some oil market observers question the reliability of todays inventory data
[12:39] {Threei} no kidding
[12:45] {Threei} anyone went for KLAC when it pulled back into 46?
[12:49] {Threei} ok, everyone's in coma
[12:51] {Threei} trailing ARBA to .65
[12:54] {Threei} BA
[12:54] {Threei} ANNOUNCES 30 NEW ORDERS FOR 737S FROM UNIDENTIFIED CUSTOMERS
[12:54] {Threei} aren't airlines in ruins?
[12:55] {Threei} sorry, forgot you are all in coma...
[12:55] {Threei} osbo, tangrick... talk to me guys, these sleeping beauties make me drowsy too
[12:55] {Threei} but I can't blame them, I annoyed them over the course of years
[12:56] {_osbo} mmmmmmmmmmm
[12:56] {GeoArb} i am busy whittling down my fat fingers
[12:56] {_tangrick} still here
[12:56] {Threei} they come here to sleep, and I bother them with all the stock picks
[12:56] {Threei} or trading lectures
[12:56] {Threei} but if I mention beer, or vodka, or bbqued ribs... just watch life coming back
[12:57] {GeoArb} cant you just put the trading money in our accounts? :)
[12:57] {_tangrick} watching and learning
[12:57] {Threei} don't hesitate to ask questions if got any
[12:57] {Threei} no Geo, sorry
[12:57] {magoo} beer????
[12:57] {GeoArb} seriously vad...... you need to open an IB friends and family account
[12:57] {GeoArb} vodka?
[12:57] {magoo} bbq??
[12:57] {Threei} I am firm believer in learning how to fish vs handing fish out
[12:57] {Threei} there... see?
[12:58] {_osbo} this is my first time in this kind of room, im just trying to figure out your trading approach
[12:58] {GeoArb} its not trading that counts.... its what you can eat/drink from trading
[12:58] {Threei} first idea is at Freelessons on our homepage
[12:58] {GeoArb} get the tape reading bok
[12:58] {GeoArb} solid
[12:58] {_osbo} thanks
[12:59] {Threei} IMO, MPP and TTR will put you on right course no matter what trading style and timeframe you pick
[12:59] {_tangrick} i have...that's how I got to know this site
[12:59] {Threei} oh, and blog too
[12:59] {Chaeron} sorry I've been on phone guys... didn't post... ARBA in .52, out .78 for +0.26
[12:59] {GeoArb} (lets not talk ARBA)
[13:00] {Chaeron} oh, sorry Geo... we'll make up for it on next one, you'll see
[13:00] {GeoArb} :)
[13:00] {Threei} after that, if you stay with day trading/scalping, video course will polish it all off
[13:00] {Threei} if move into swing trading area, some deeper TA maybe needed
[13:01] {Threei} not too much though
[13:01] {Threei} TA is a wierd animal... good helper if you stay with general understanding of tape reading principles, and can turn into foe if start relying on it as sole guidance
[13:02] {_tangrick} can one tape reading without level II?
[13:02] {Threei} tape reading is not time frame specific
[13:02] {Threei} its principles can be app,lied to any time frame, from intraday to monthly
[13:02] {Threei} and Level 2 is intraday tool
[13:03] {Threei} it's useless for anything but daytrading, and its role is limited to risk evaluation and some fine-tuning of your entries and exits
[13:03] {Threei} by no means it's a directional tool
[13:03] {Threei} try to use it for direction, you are doomed to trade for one-two ticks
[13:03] {Threei} which is great way to make your broker rich
[13:04] {Threei} I don't mind helping out broker... but only if I make money {G}
[13:04] {Threei} let me dig out blog post on tape reading
[13:05] {Threei} dealing with one of major misunderstandings about this approach
[13:07] {Threei} http://www.realitytrader.com/blog/2007/11/whats-in-name-or-what-is-tape-reading.html
[13:07] {_tangrick} thanks
[13:07] {Threei} sure
[13:07] {Threei} humor is crude... but that's my hallmark
[13:11] {_tangrick} I have read your book but still learning to apply. BTW i find your examples with stock prices showing fraction difficult to read. Is it normal to states price in fraction than decimal?
[13:11] {Threei} TTR was written during fraction times
[13:11] {_tangrick} ic
[13:11] {Threei} nothing really changed in principle
[13:11] {GeoArb} no new edition vad?
[13:11] {GeoArb} :)
[13:12] {Threei} it's just different presentation
[13:12] {Threei} all classic books you read will be in fractions
[13:13] {Threei} 1/4 = 25 cents... 1/8 = 12.5 cents...
[13:13] {Threei} blissful times
[13:14] {Threei} hit offer for 1K shares, offer it 3/8 higher, get hit in a few seconds, you made a living
[13:14] {Threei} do it twice, you made a better living
[13:15] {Threei} ARBA is stalling
[13:15] {Threei} second attempt to break, no go
[13:15] {Threei} tightening to .69
[13:15] {Threei} stop is now right under the closest support
[13:16] {Threei} if reverses for the day, profit is protected to its fullest
[13:16] {Threei} while still giving it a chance to go if it has any gas left
[13:18] {Threei} this social experiemnt becomes rather fascinationg... let's try it again:
[13:18] {Threei} vodka
[13:19] {GeoArb} which brand vad?
[13:19] {Threei} works
[13:19] {Chaeron} RAW
[13:19] {Threei} thank you
[13:19] {magoo} vodka???
[13:19] {magoo} iCE?
[13:19] {Chaeron} no... never.. out of freezer
[13:19] {Threei} right
[13:19] {GeoArb} stoli
[13:20] {Chaeron} if you have inferior brand, place peppercorns (4 - 5) in bottle and leave in freezer
[13:20] {GeoArb} very nice chaeron
[13:20] {dino} rexi
[13:21] {GeoArb} chaeron i need to visit you !!!!
[13:21] {Roman} 21 out JRJC 1.45
[13:22] {GeoArb} learning stocks and vodka........beautifull room
[13:22] {dino} \jrjc
[13:22] {dino} nice rfr
[13:23] {Threei} JRJC
[13:23] {Threei} REPORTS Q1 $0.18 V $0.13E, R$11.05M V $10.4ME
[13:23] * Threei sends http://www.realitytrader.com/vad/Shishkebab11.jpg to magoo to go with his shot of Stoli
[13:24] {GeoArb} hey !!! stoli was mine
[13:24] {Threei} I'll stay away from your parties though... do you really want this guest among your refined crowd: http://realitytrader.com/vad/CrazyRussian.bmp
[13:25] {Threei} done with ARBA
[13:26] {GeoArb} sniff ARBAAAAAAAAA
[13:26] {Chaeron} short it? :)
[13:26] {Threei} no idea
[13:26] {dino} rexi s .71
[13:26] {GeoArb} wassap with JRJC
[13:26] {Threei} [13:23] {Threei} JRJC
[13:26] {Threei} [13:23] {Threei} REPORTS Q1 $0.18 V $0.13E, R$11.05M V $10.4ME
[13:26] {GeoArb} oops :(
[13:27] {Threei} that's OK geo
[13:27] {Threei} I am very used to being ignored
[13:27] {Threei} and in fact quite comfortable with it
[13:32] {dino} you say something?
[13:32] {Threei} naah
[13:34] {Threei} JRJC feels topped out... this last bounce is on drying up volume
[13:34] {Threei} .60 closest resistance
[13:34] {Threei} jumpy
[13:34] {Threei} if you try to short it, do small shares
[13:35] {dptl} not in short list
[13:36] {Threei} do big shares then
[13:36] {Threei} safety is garanteed
[13:58] {Threei} yawn
[14:01] {Chaeron} .
[14:03] {dino} gmet sm s .87
[14:05] {Threei} what's TASR's problem
[14:05] {Threei} making 52 week lows slwoly
[14:06] {GeoArb} lots nes about safety
[14:06] {GeoArb} news
[14:06] {Threei} I would short it on 7 break if it wasn't so narrow
[14:06] {Threei} still holding half of PEIX short
[14:06] {Threei} look who dropped by
[14:06] * Threei slaps laserdave1 around a bit with a large trout
[14:07] * Chaeron slaps laserdave1 around a bit with a large trout
[14:07] * magoo slaps laserdave1 around a bit with a large trout
[14:08] {laserdave1} why thanks
[14:10] {GeoArb} dave.. sent you an email
[14:15] {dino} rexi stopped -.40
[14:20] {dino} gmet stopped .03
[14:23] {laserdave1} got it thanks geo
[14:23] {laserdave1} dcc if u need to talk to me
[14:23] {magoo} get this dave
[14:24] * magoo slaps laserdave1 around a bit with a large trout
[14:24] {laserdave1} got it
[14:24] {laserdave1} thanks
[14:24] {GeoArb} heh
[14:36] {Chaeron} we flat other than PEIX short?
[14:36] {Threei} I am
[14:36] {magoo} i got nada
[14:36] {magoo} waiting for vad to get off treadmill and backj to work
[14:39] {Threei} REMINDER: FED CHAIRMAN BERNANKE IS SCHEDULED TO SPEAK AT A WORKSHOP ON "RISK TRANSFER MECHANISMS AND FINANCIAL STABILITY" AT 2:30PMET- Bernanke's remarks will be given via video conference and are expected to be identical to a May 13 speech at a similar event. There will be no Q&A.
[14:41] {Threei} scanner slowed down to a crawl
[14:41] {Chaeron} shoot... I had a question for him... *sigh*
[14:42] {Threei} oh, I havfe a lot
[14:44] {Threei} starting with "how about abolishing your esteemed organisation altogether"
[14:44] {Chaeron} "Yeah right" he'd answer... "How would I make my mortgage payments?"
[14:45] {Threei} ummm
[14:46] {Threei} all McDonalds are closed in his neighborhood?
[14:46] {Threei} him flipping burgers would be at least some useful contribution
[14:55] {magoo} its time......................................
[14:55] {Threei} for?
[14:58] {Threei} RIMM .19 short if stays under .35
[15:01] {dino} fwlt l .00 sm
[15:06] {Chaeron} and RIMM disqualifies itself......
[15:12] {Threei} SATC interesting
[15:12] {Threei} tends to pul back closer to eod
[15:13] {Threei} will be interested in long around .60
[15:21] {Threei} MLN
[15:21] {Threei} HEARING DEALREPORTER REPORTS APPROACHED AS TAKEOVER CANDIDATE- DealReporter speculates LLY as potential acquire
[15:21] {Threei} AMLN
[15:25] {dino} amln
[15:26] {dino} s .65
[15:29] {Threei} beautiful
[15:29] {dino} cov .10, +.55
[15:32] {Threei} dp, look dcc please
[15:53] {dino} ok calling it a day thanks all
[15:53] {magoo} me too, ty
[15:53] {Threei} thank you all
[15:53] {dptl} have a good evening all
[15:53] {Threei} have a good evening, see you tomorrow
[15:53] {peterg} bye
[08:25] {Threei} OPEC RESEARCH CHIEF QABAZARD SEES OIL STOCKS BUILDING TO AN AVERAGE OF 500K BPD IN 2008
- Says OPEC spare capacity is 3M bpd.
[08:25] {Threei} - Note: On the capacity issue, the Qatari Oil minister stated back on May 22 that OPEC was producing at its full capacity.
[08:30] {Threei} Q1 PRELIMINARY GDP PRICE INDEX: 2.6% V 2.6%E
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 372K V 370KE; CONTINUING CLAIMS: 3.104M V 3.080ME
[08:31] {Threei} CORE PCE Q/Q: 2.1% V 2.2%E
[08:31] {Threei} Q1 PRELIMINARY GDP ANNUALIZED: 0.9% V 0.9%E; PERSONAL CONSUMPTION: 1.0% V 1.0%E
[08:32] {Threei} COLOMBIA SIGNS AGREEMENT TO PURCHASE 65,000 XO LAPTOPS
[08:50] {cosmo} ESLR
[08:50] {Threei} ESLR was downgraded earlier
[08:50] {cosmo} hmm
[08:51] {Threei} 05/29/08 04:08am
[08:51] {Threei} [ESLR] Evergreen Solar Inc Merrill Lynch Cuts ESLR to Sell from Neutral
[08:51] {Threei} - Cites potential German subsidy cuts
[08:53] {magoo} sedarmoc kninrom (:
[08:53] {Threei} wow
[08:53] {Threei} where is my decoder ring
[08:54] {dptl} good morning all
[08:54] {Threei} dp :)
[08:57] {Threei} keeping an eye on VVUS for possible continuation
[09:02] {fernp} good morning
[09:02] {Threei} fern :)
[09:04] {Threei} 08:28am [TLM] Ivanhoe Energy to acquire oil sands assets from Talisman Energy for C$105M
[09:05] {magoo} whats with KOSN vad?
[09:05] {Threei} buyout
[09:05] {Threei} by BMY
[09:09] {cosmo} EXPD @ 24 pre mkt high
[09:09] {cosmo} EXPE
[09:09] {cosmo} sorry
[09:17] {_osbo} HI
[09:17] {Threei} hi osbo, welcome
[09:18] {magoo} morn osbo
[09:18] {hawkfan4} morning all
[09:19] {Threei} hawk :)
[09:25] {GeoArb} gm
[09:25] {Threei} Geo :)
[09:28] {dino} gm all
[09:28] {Threei} dino :)
[09:29] {Threei} BWEN is wind energy?
[09:31] {hawkfan4} yes
[09:31] {Threei} nasty Level 2
[09:37] {pita} morning TY
[09:37] {Threei} hi pita
[09:37] {Threei} guys, save that reserve server somewhere
[09:38] {magoo} why?
[09:39] {Threei} ummm... because you'll need it every time chat host has dns problems?
[09:39] {GeoArb} i used reserve
[09:39] {GeoArb} anyne knows how to add it in mirc script as backup?
[09:40] {Threei} File-Options-Connect-Add
[09:40] {GeoArb} ty
[09:42] {dino} sm l cedc .00
[09:43] {Threei} FCEL
[09:43] {Threei} .95 long
[09:44] {Threei} .84 stop
[09:44] {magoo} in
[09:44] {Threei} 10 is decisive resistance for it
[09:44] {Threei} .95 is somewhat aggressive entry
[09:45] {magoo} wheres the exit if works? 10.15 area?
[09:45] {Threei} I will try to partial
[09:46] {Threei} there is no clear resistance to exit into, 10 break has nothing up to about 11
[09:46] {magoo} look at V
[09:46] {Threei} so, go with real time tape
[09:48] {Threei} where is ese... if FCEL takes 10 and jumps, he owes us a bottle of champaign
[09:49] {Threei} {FCEL} 10? what 10?
[09:49] {magoo} COCO pop
[09:50] {Threei} ese... FCEL :)
[09:51] {esemde} morning vad...
[09:51] {magoo} news AAPL?
[09:52] {Threei} no
[09:52] {magoo} shit..was looking at .27
[09:53] {esemde} FCEL...lookin good.....maybe should have had full lot
[09:54] {magoo} AAPL bounmce area vad?
[09:54] {Threei} TELK 2.11 long
[09:55] {Threei} it's 40 cents from low
[09:55] {magoo} was low when asked
[09:56] {Threei} when it jumps like this, how is it possible to alert in time
[09:57] {Threei} ARBA
[09:58] {Threei} .25 long
[09:58] {Threei} if stays above .10
[10:00] {magoo} SINO feels like 17
[10:00] {dino} sm l joyg .50
[10:03] {dino} out cedc .47 +.47
[10:05] {GeoArb} V not letting up
[10:05] {Threei} come on FCEL... it can't be 10 cents was all you were capable of
[10:06] {dino} jef s .52 stop .70
[10:06] {magoo} look at MA geo
[10:06] {dino} out joyg .90, +.40
[10:06] {esemde} my thinking exactly....i'll be out todat sometime
[10:07] {Threei} PREIVEW: DOE AND API PETROLEUM INVENTORY DATA DUE OUT AT 10:30AMET
**consensus expectations:
[10:07] {Threei} - Crude: -300Ke
[10:07] {Threei} - Gasoline: -200Ke
[10:07] {Threei} - Distillates: +1Me
[10:12] {dptl} stopped fcel
[10:12] {Threei} yeah
[10:15] {Threei} ARBA holding well during market selling
[10:16] {esemde} yep....it's made anice move from the 10 area
[10:18] {Threei} SINA
[10:18] {Threei} half lot long 52 break
[10:18] {Threei} if stays above 51.80
[10:18] {dino} jef stopped -.19
[10:18] {magoo} in
[10:18] {magoo} 52
[10:20] {Threei} ARBA looks good for more than scalp, just hopefully oil numbers do not kill market
[10:20] {Threei} SINA over 1:2
[10:21] {Threei} out .50
[10:21] {magoo} out here .54 TY VAD
[10:21] {Threei} welcome
[10:21] {magoo} nice spot
[10:22] {Threei} classic chart...
[10:22] {Threei} kind of C&H on 1 min
[10:22] {magoo} easy button
[10:25] {dino} ulbi s sm .63 stop .01
[10:25] {Threei} ARBA nears 1:1
[10:25] {magoo} AAPL going fgreen
[10:25] {Threei} make up your mind guys
[10:25] {magoo} not in
[10:25] {Chaeron} good morning all... looks like I missed a golden one... SINA... nice job guys
[10:25] {Threei} chaeron :)
[10:25] {magoo} charbroil baby
[10:25] {Threei} I am holding, but manage your trade according to your objectives and risk tolerance
[10:26] {esemde} CCCCCCCCCHHHHHHHHH!!!!!!
[10:26] {Threei} my current take is,
[10:26] {magoo} huh?whats that mean?
[10:26] {Chaeron} hi magoo, ese :)
[10:26] {Threei} in this choppy environemtn we get unusually high stop ratio
[10:26] {magoo} aapl opopped .50 cents
[10:26] {Threei} so I keep stops tight while trying to milk winners to their full extent
[10:26] {Threei} you saw it yesterday with CSIQ for instance
[10:27] {magoo} we trade csiq yesterday?
[10:27] {Threei} lol
[10:27] {Chaeron} yep :) for .40+
[10:27] {Threei} wow... SINA decided to make us look cheapskates
[10:27] {Threei} you for 40, chaeron... I held for .85 exit :)
[10:28] {Chaeron} oh yeah........ :)
[10:28] {Threei} not berating your exit, just illustrating an approach I just discussed
[10:29] {Threei} market gets jittery closer to oil numbers
[10:29] {Threei} what a nonsense it is to monitor them every week and react on them as some major indicator
[10:30] {Threei} DOE CRUDE: -8.9M V -300KE;
[10:30] {Threei} yikes
[10:30] {magoo} u know my biggest change in perspective over years?
[10:30] {Threei} GASOLINE: -3.26M V -200KE; DISTILLATES: +1.64M V +1ME; UTILIZATION: 87.9 % V 88.4%E
[10:30] {GeoArb} tell tell magoo
[10:31] {magoo} out dinos JOYG + buck TY dino
[10:31] {magoo} got .57
[10:31] {GeoArb} ?
[10:31] {dino} np
[10:31] {dino} gj
[10:31] {magoo} ok, its the nonsense day to day which moves mkt
[10:32] {GeoArb} you mean reports?
[10:32] {magoo} a bit of info moves today..forgotten tommorrow
[10:32] {fernp} look at USO
[10:32] {Threei} sure
[10:32] {dino} geo i'm reporting you
[10:32] {GeoArb} to the unprofitable comission?
[10:33] {esemde} what the heck is the NDX doing?
[10:33] {dino} no, i believe the commision side is always profitable
[10:33] {GeoArb} hehehe
[10:33] {Threei} dropping ese... as oil is jumping
[10:34] {magoo} any one still in ARBA?
[10:34] {magoo} id like to be in jessica arba lol
[10:34] {Threei} with all the decrease in driving reported lately, how could inventory numbers go that disastrous?
[10:35] {dino} how about alba
[10:35] {magoo} OH ROFLOL
[10:35] {magoo} yeah ..her
[10:36] {magoo} dino rockin office with the kid {kid rock}
[10:37] {Roman} 21 PEIX
[10:37] {Roman} 21 boucing
[10:37] {dino} kiiiiiidddddddddddddddrock!
[10:38] {Threei} DOE SAYS IT ACCIDENTALLY BRIEFLY POSTED THE INVENTORY DATA ABOUT 15 MINUTES BEFORE 10:30AMET
[10:38] {Roman} 21 long PEIX
[10:39] {Roman} 21 stop 3.49
[10:39] {Threei} EIA: DROP IN CRUDE DELIVERIES DUE TO TEMPORARY DELAYS IN THE GULF
[10:40] {magoo} how could est be off so badly?
[10:41] {Threei} read above
[10:42] {dino} yeah, accidentally, sure, and i have some swamp land
[10:42] {Threei} I mean this
[10:42] {Threei} [10:39] {Threei} EIA: DROP IN CRUDE DELIVERIES DUE TO TEMPORARY DELAYS IN THE GULF
[10:42] {dino} oih hod
[10:43] {dino} what are you trying to say 3i??????????????????????????/
[10:43] {dino} just messing w/ya
[10:44] {Threei} what magoo is rubbing off of you? :)
[10:44] {Threei} I hoped you would be a good influence on him
[10:44] {Threei} but it seems rather other way around
[10:45] {dino} late night
[10:46] {Threei} SOLF chart is breaky... not sure how much we can trust it
[10:46] {Chaeron} dino - cell phone in freezer and bottle of vodka on bedstand?
[10:46] {Threei} see if you like it
[10:46] {Threei} stop under 21
[10:47] {dino} lol, no but golf and brews
[10:47] {Threei} don't chase beyond .15 - .20 area
[10:47] {Roman} 21 watching TSRA
[10:47] {Threei} I personally will skip it
[10:47] {Roman} 21 feels higher
[10:47] {dino} i must be getting old
[10:48] {Threei} arba stop to under .20 for me
[10:50] {pita} day job calling - c u later
[10:50] {Threei} take care pita
[10:50] {judijim} gm all, Judi off to her office Jim will be watching today.
[10:50] {Threei} hi jj
[10:50] {Threei} missed couple good ones :(
[10:52] {magoo} bye pita
[10:52] {magoo} morn jim
[10:52] {Threei} KLAC interesting
[10:53] {Threei} it jiggles around a lot, try to grab it closer to 46
[10:53] {Threei} with stop under 45.90
[10:54] {Threei} see these teleportations by 10-15 cents?
[10:54] {Threei} this is the chance for right entry on the likes of KLAC
[10:55] {Threei} NQ breaks 2020, ARBA should start second leg on its way to 15
[10:59] {Threei} NQ retreated in lower BB
[10:59] {Threei} ARBA stays put
[10:59] {dino} ulbi stopped .35. +.28
[10:59] {Threei} good salmon scenario, want to see now NQ bounce with ARBA making new high
[11:00] {Threei} MRO CEO: ETHANOL PROCUDERS CAN MEET 2008 MANDATE, GETTING ETHANOL TO BLENDERS WILL BE DIFFICULT
- Says a pull back in oil would help refiners and consumers
[11:00] {Threei} - Notes that gasoline makers struggling, diesel profitable
[11:01] {Threei} textbook so far
[11:01] {Threei} see this relation between salmon stopck and market?
[11:02] {Threei} memorize it, this is ideal scenario
[11:02] {Threei} good to have it in your arsenal
[11:02] {Threei} half out ARBA
[11:02] {Chaeron} KLAC near 46
[11:03] {Chaeron} oops... it was
[11:03] {GeoArb} salmon as in against current?
[11:03] {Threei} NQ lost support on 1 min
[11:03] {Threei} right geo
[11:04] {Threei} strictly speaking, ARBA is not exact salmon
[11:04] {Threei} it's rather a market follower with nice relative strength
[11:04] {Threei} but its behavior on market pullbacks was very typical for a salmon
[11:08] {Threei} jeez FEED
[11:08] {Threei} it bought two hog farms
[11:08] {Threei} look at it go
[11:09] {Threei} ACQUIRES TWO ADDITIONAL PRODUCING COMMERCIAL HOG FARMS IN CHINA'S FUJIAN PROVINCE; EXPECTS ACQUISITIONS TO BE IMMEDIATELY ACCRETIVE TO 2008 EARNINGS
- AgFeed's management is already in place operating the newly acquired hog farms.
[11:09] {Threei} - With the addition of these newly acquired hog farms, AgFeed now owns controlling interest (on average more than 90%) in 24 producing commercial hog farms in several provinces in China, including two breeder hog farms, with an aggregate annual hog production capacity of approximately 550,000 hogs.
[11:10] {dino} making bacon
[11:10] {Chaeron} Chinese Fed releasing BBQ Pork Ribs numbers tomorrow
[11:10] {Chaeron} (teasing)
[11:11] {dino} mmmmmmm
[11:11] {dino} magoo's releasing gas
[11:12] {dino} sm s oyog .29 thin, risky
[11:23] {magoo} price of sweet-n-sour pork to rise predicted
[11:24] {dino} you guys are making me hungry
[11:24] {esemde} Outta here til tomorow....see ya'll
[11:25] {Threei} take care ese
[11:25] {dino} cost drop
[11:25] {dino} lateres
[11:25] {Threei} COST news just now
[11:25] {Threei} CFO: HAD 'PRETTY STRONG' GROSS MARGINS IN Q4 LAST YEAR, BUT DOES NOT EXPECT SAME THIS YEAR - CONF CALL
[11:29] {Threei} oil comes to its sense after spike on inventory report
[11:30] {Threei} that was one of the wierdest reports I've ever sen on oil inventories I must say
[11:30] {Threei} look at USO drop
[11:31] {Threei} right back where it started
[11:31] {magoo} what is USO exactly? a stock?
[11:32] {Threei} oil fund ETF
[11:32] {magoo} long fund?
[11:32] {Threei} yes
[11:32] {magoo} ty
[11:35] {Threei} http://seekingalpha.com/page/etf-finder
[11:35] {Threei} bookmark this to find any ETF humankind ever came up with
[11:36] {magoo} why? i got u he he
[11:37] {dino} oyog cov .91 +.39
[11:37] {GeoArb} same with news eh magoo?
[11:37] {GeoArb} :)
[11:38] {GeoArb} i have been thinking of dropping news and scanner and become a barnacle to threei
[11:38] {Threei} as long as he doesn't ask for vodka recommendations...
[11:38] {GeoArb} hmm about that WHICH one?
[11:40] {Threei} ARBA new high
[11:40] {Threei} trailing to .35
[11:41] {magoo} u using hard stop
[11:41] {Threei} no
[11:42] {magoo} i think i will set it as a test
[11:43] {Roman} 21 FORD waking up, no volume yet
[11:46] {Threei} NQ approaches that 2020 again
[11:49] {dino} sm l cost .15
[11:49] {Threei} break
[11:49] {Threei} go ARBA
[11:50] {dino} stopped too soon
[11:52] {dino} rinsed
[11:56] {Threei} out 1/4 more ARBA
[11:56] {Threei} .78
[11:56] {Threei} +.52
[11:56] {Threei} stop to .45 for the last portion
[11:56] {Roman} 21 long JRJC small
[11:57] {Roman} 21 25.15 area
[11:59] {dino} joyg drop
[12:01] {magoo} vad, i highlighted my stopped stop order, but it willnot delete when i hit delete butto
[12:03] {Threei} hit red square first
[12:03] {magoo} did..its stopped
[12:03] {dino} moscow?
[12:03] {magoo} lol
[12:03] {Threei} then 6th button from the left
[12:03] {Threei} Delete all stopped and finished orders
[12:04] {Chaeron} dino... I was thinking the same thing...
[12:04] {Threei} lol
[12:04] {Threei} sheesh, I am slow today
[12:04] {dino} sm l joyg .00
[12:04] {Threei} first who asks "today?" gets slapped silly
[12:04] {magoo} ok worjked ty
[12:04] {Chaeron} what really scared me is what kind of firepower magoo must have....
[12:05] {magoo} today}?
[12:06] {Threei} except magoo
[12:06] {magoo} dammit..i knew it
[12:07] {dino} great minds think alike, huh chaeron
[12:09] {Chaeron} :)
[12:09] {Threei} this explains why my cat always agrees with me on everything
[12:11] {dino} joyg stopn to .41
[12:13] {dino} stopped .41, +.41
[12:13] {dino} .
[12:15] {Threei} trailing ARBA to .55
[12:15] {dino} ..
[12:20] {dino} joyg sm l .70
[12:25] {Threei} ok ARBA
[12:25] {magoo} arba new high
[12:25] {Threei} jump over .90 and I am soo out
[12:27] {magoo} where u waiting and be honest so i can be penny under
[12:30] {GeoArb} can i share something
[12:30] {dino} joyg stop to b/e
[12:30] {GeoArb} sooooo when i stopped out on FCEL
[12:30] {dino} daughter wants to go to lunch
[12:30] {GeoArb} i closed ARBA out for a loss too
[12:31] {GeoArb} and have been wiistfully watching you guys :(
[12:31] {GeoArb} fat fingers
[12:32] {magoo} let winner win and ditch loser
[12:33] {GeoArb} i closed arba at 14.21 by mistake
[12:33] {GeoArb} i am going to rememner that
[12:34] {magoo} good mistake ikf u learn something
[12:35] {dino} to .99 joyg back in 30
[12:39] {Threei} some oil market observers question the reliability of todays inventory data
[12:39] {Threei} no kidding
[12:45] {Threei} anyone went for KLAC when it pulled back into 46?
[12:49] {Threei} ok, everyone's in coma
[12:51] {Threei} trailing ARBA to .65
[12:54] {Threei} BA
[12:54] {Threei} ANNOUNCES 30 NEW ORDERS FOR 737S FROM UNIDENTIFIED CUSTOMERS
[12:54] {Threei} aren't airlines in ruins?
[12:55] {Threei} sorry, forgot you are all in coma...
[12:55] {Threei} osbo, tangrick... talk to me guys, these sleeping beauties make me drowsy too
[12:55] {Threei} but I can't blame them, I annoyed them over the course of years
[12:56] {_osbo} mmmmmmmmmmm
[12:56] {GeoArb} i am busy whittling down my fat fingers
[12:56] {_tangrick} still here
[12:56] {Threei} they come here to sleep, and I bother them with all the stock picks
[12:56] {Threei} or trading lectures
[12:56] {Threei} but if I mention beer, or vodka, or bbqued ribs... just watch life coming back
[12:57] {GeoArb} cant you just put the trading money in our accounts? :)
[12:57] {_tangrick} watching and learning
[12:57] {Threei} don't hesitate to ask questions if got any
[12:57] {Threei} no Geo, sorry
[12:57] {magoo} beer????
[12:57] {GeoArb} seriously vad...... you need to open an IB friends and family account
[12:57] {GeoArb} vodka?
[12:57] {magoo} bbq??
[12:57] {Threei} I am firm believer in learning how to fish vs handing fish out
[12:57] {Threei} there... see?
[12:58] {_osbo} this is my first time in this kind of room, im just trying to figure out your trading approach
[12:58] {GeoArb} its not trading that counts.... its what you can eat/drink from trading
[12:58] {Threei} first idea is at Freelessons on our homepage
[12:58] {GeoArb} get the tape reading bok
[12:58] {GeoArb} solid
[12:58] {_osbo} thanks
[12:59] {Threei} IMO, MPP and TTR will put you on right course no matter what trading style and timeframe you pick
[12:59] {_tangrick} i have...that's how I got to know this site
[12:59] {Threei} oh, and blog too
[12:59] {Chaeron} sorry I've been on phone guys... didn't post... ARBA in .52, out .78 for +0.26
[12:59] {GeoArb} (lets not talk ARBA)
[13:00] {Chaeron} oh, sorry Geo... we'll make up for it on next one, you'll see
[13:00] {GeoArb} :)
[13:00] {Threei} after that, if you stay with day trading/scalping, video course will polish it all off
[13:00] {Threei} if move into swing trading area, some deeper TA maybe needed
[13:01] {Threei} not too much though
[13:01] {Threei} TA is a wierd animal... good helper if you stay with general understanding of tape reading principles, and can turn into foe if start relying on it as sole guidance
[13:02] {_tangrick} can one tape reading without level II?
[13:02] {Threei} tape reading is not time frame specific
[13:02] {Threei} its principles can be app,lied to any time frame, from intraday to monthly
[13:02] {Threei} and Level 2 is intraday tool
[13:03] {Threei} it's useless for anything but daytrading, and its role is limited to risk evaluation and some fine-tuning of your entries and exits
[13:03] {Threei} by no means it's a directional tool
[13:03] {Threei} try to use it for direction, you are doomed to trade for one-two ticks
[13:03] {Threei} which is great way to make your broker rich
[13:04] {Threei} I don't mind helping out broker... but only if I make money {G}
[13:04] {Threei} let me dig out blog post on tape reading
[13:05] {Threei} dealing with one of major misunderstandings about this approach
[13:07] {Threei} http://www.realitytrader.com/blog/2007/11/whats-in-name-or-what-is-tape-reading.html
[13:07] {_tangrick} thanks
[13:07] {Threei} sure
[13:07] {Threei} humor is crude... but that's my hallmark
[13:11] {_tangrick} I have read your book but still learning to apply. BTW i find your examples with stock prices showing fraction difficult to read. Is it normal to states price in fraction than decimal?
[13:11] {Threei} TTR was written during fraction times
[13:11] {_tangrick} ic
[13:11] {Threei} nothing really changed in principle
[13:11] {GeoArb} no new edition vad?
[13:11] {GeoArb} :)
[13:12] {Threei} it's just different presentation
[13:12] {Threei} all classic books you read will be in fractions
[13:13] {Threei} 1/4 = 25 cents... 1/8 = 12.5 cents...
[13:13] {Threei} blissful times
[13:14] {Threei} hit offer for 1K shares, offer it 3/8 higher, get hit in a few seconds, you made a living
[13:14] {Threei} do it twice, you made a better living
[13:15] {Threei} ARBA is stalling
[13:15] {Threei} second attempt to break, no go
[13:15] {Threei} tightening to .69
[13:15] {Threei} stop is now right under the closest support
[13:16] {Threei} if reverses for the day, profit is protected to its fullest
[13:16] {Threei} while still giving it a chance to go if it has any gas left
[13:18] {Threei} this social experiemnt becomes rather fascinationg... let's try it again:
[13:18] {Threei} vodka
[13:19] {GeoArb} which brand vad?
[13:19] {Threei} works
[13:19] {Chaeron} RAW
[13:19] {Threei} thank you
[13:19] {magoo} vodka???
[13:19] {magoo} iCE?
[13:19] {Chaeron} no... never.. out of freezer
[13:19] {Threei} right
[13:19] {GeoArb} stoli
[13:20] {Chaeron} if you have inferior brand, place peppercorns (4 - 5) in bottle and leave in freezer
[13:20] {GeoArb} very nice chaeron
[13:20] {dino} rexi
[13:21] {GeoArb} chaeron i need to visit you !!!!
[13:21] {Roman} 21 out JRJC 1.45
[13:22] {GeoArb} learning stocks and vodka........beautifull room
[13:22] {dino} \jrjc
[13:22] {dino} nice rfr
[13:23] {Threei} JRJC
[13:23] {Threei} REPORTS Q1 $0.18 V $0.13E, R$11.05M V $10.4ME
[13:23] * Threei sends http://www.realitytrader.com/vad/Shishkebab11.jpg to magoo to go with his shot of Stoli
[13:24] {GeoArb} hey !!! stoli was mine
[13:24] {Threei} I'll stay away from your parties though... do you really want this guest among your refined crowd: http://realitytrader.com/vad/CrazyRussian.bmp
[13:25] {Threei} done with ARBA
[13:26] {GeoArb} sniff ARBAAAAAAAAA
[13:26] {Chaeron} short it? :)
[13:26] {Threei} no idea
[13:26] {dino} rexi s .71
[13:26] {GeoArb} wassap with JRJC
[13:26] {Threei} [13:23] {Threei} JRJC
[13:26] {Threei} [13:23] {Threei} REPORTS Q1 $0.18 V $0.13E, R$11.05M V $10.4ME
[13:26] {GeoArb} oops :(
[13:27] {Threei} that's OK geo
[13:27] {Threei} I am very used to being ignored
[13:27] {Threei} and in fact quite comfortable with it
[13:32] {dino} you say something?
[13:32] {Threei} naah
[13:34] {Threei} JRJC feels topped out... this last bounce is on drying up volume
[13:34] {Threei} .60 closest resistance
[13:34] {Threei} jumpy
[13:34] {Threei} if you try to short it, do small shares
[13:35] {dptl} not in short list
[13:36] {Threei} do big shares then
[13:36] {Threei} safety is garanteed
[13:58] {Threei} yawn
[14:01] {Chaeron} .
[14:03] {dino} gmet sm s .87
[14:05] {Threei} what's TASR's problem
[14:05] {Threei} making 52 week lows slwoly
[14:06] {GeoArb} lots nes about safety
[14:06] {GeoArb} news
[14:06] {Threei} I would short it on 7 break if it wasn't so narrow
[14:06] {Threei} still holding half of PEIX short
[14:06] {Threei} look who dropped by
[14:06] * Threei slaps laserdave1 around a bit with a large trout
[14:07] * Chaeron slaps laserdave1 around a bit with a large trout
[14:07] * magoo slaps laserdave1 around a bit with a large trout
[14:08] {laserdave1} why thanks
[14:10] {GeoArb} dave.. sent you an email
[14:15] {dino} rexi stopped -.40
[14:20] {dino} gmet stopped .03
[14:23] {laserdave1} got it thanks geo
[14:23] {laserdave1} dcc if u need to talk to me
[14:23] {magoo} get this dave
[14:24] * magoo slaps laserdave1 around a bit with a large trout
[14:24] {laserdave1} got it
[14:24] {laserdave1} thanks
[14:24] {GeoArb} heh
[14:36] {Chaeron} we flat other than PEIX short?
[14:36] {Threei} I am
[14:36] {magoo} i got nada
[14:36] {magoo} waiting for vad to get off treadmill and backj to work
[14:39] {Threei} REMINDER: FED CHAIRMAN BERNANKE IS SCHEDULED TO SPEAK AT A WORKSHOP ON "RISK TRANSFER MECHANISMS AND FINANCIAL STABILITY" AT 2:30PMET- Bernanke's remarks will be given via video conference and are expected to be identical to a May 13 speech at a similar event. There will be no Q&A.
[14:41] {Threei} scanner slowed down to a crawl
[14:41] {Chaeron} shoot... I had a question for him... *sigh*
[14:42] {Threei} oh, I havfe a lot
[14:44] {Threei} starting with "how about abolishing your esteemed organisation altogether"
[14:44] {Chaeron} "Yeah right" he'd answer... "How would I make my mortgage payments?"
[14:45] {Threei} ummm
[14:46] {Threei} all McDonalds are closed in his neighborhood?
[14:46] {Threei} him flipping burgers would be at least some useful contribution
[14:55] {magoo} its time......................................
[14:55] {Threei} for?
[14:58] {Threei} RIMM .19 short if stays under .35
[15:01] {dino} fwlt l .00 sm
[15:06] {Chaeron} and RIMM disqualifies itself......
[15:12] {Threei} SATC interesting
[15:12] {Threei} tends to pul back closer to eod
[15:13] {Threei} will be interested in long around .60
[15:21] {Threei} MLN
[15:21] {Threei} HEARING DEALREPORTER REPORTS APPROACHED AS TAKEOVER CANDIDATE- DealReporter speculates LLY as potential acquire
[15:21] {Threei} AMLN
[15:25] {dino} amln
[15:26] {dino} s .65
[15:29] {Threei} beautiful
[15:29] {dino} cov .10, +.55
[15:32] {Threei} dp, look dcc please
[15:53] {dino} ok calling it a day thanks all
[15:53] {magoo} me too, ty
[15:53] {Threei} thank you all
[15:53] {dptl} have a good evening all
[15:53] {Threei} have a good evening, see you tomorrow
[15:53] {peterg} bye
