Jul 15 2008
Session Time: Tue Jul 15 00:00:00 2008
[08:00] {Threei} ESLR
[08:00] {Threei} HALTED: SIGNS $1.2B SALES CONTRACT, THROUGH 2013, BACKLOG AT $3B WITH FIVE CUSTOMERS
[08:00] {Threei} - Signed a new long-term sales contract valued at approximately $1.2 billion with German-based IBC SOLAR AG. This contract extends through 2013 and brings the company's total contractual backlog to nearly $3 billion with 5 customers.
[08:00] {Threei} - The solar panels for these take-or-pay contracts will be manufactured at the Company's new 160 MW facility in Devens, Massachusetts, which opened in June, and at the Company's next factory, which is expected to open in 2010. To date, the Company has contracted approximately 70 percent of Devens expected capacity through 2010 and all of Devens capacity in 2011 through 2013.
[08:13] {Threei} Heard on the Street looks at the US government's plan for Fannie Mae and Freddie Mac - WSJ
[08:13] {Threei} - The article notes that Paulson made clear that the stock market losses of Fannie and Freddie would not prevent them from issuing debt.
[08:13] {Threei} - The WSJ notes that on Monday, the cost of insuring the debt of the two GSEs fell.
[08:13] {Threei} - The article note that dilution fears and concerns about government intervention could weigh on any future share sales by Fannie and Freddie.
[08:13] {Threei} - The article notes that it is most likely the government will seek to take a direct stake in the GSEs through a preferred issue with special rights because this will maintain the perception that the two companies are still owned by its shareholders.
[08:13] {Threei} - If the government acquires shares in the GSEs, it could seek to be paid a lower than market interest rate or defer payments until the companies are in better financial condition.
[08:13] {Threei} - WSJ notes that the Treasury still needs to address the capital issue of Fannie Mae and Freddie Mac because if it does not funding could again become an issue and possibly force Paulson to come up with an actual nationalization plan.
[08:30] {Threei} UN ADVANCE RETAIL SALES: 0.1% V 0.4%E;
[08:30] {Threei} LESS AUTOS: 0.8% V 1.0%E
[08:30] {Threei} - Prior Advance Retail Sales revised from 1.0% to 0.8%
[08:31] {Threei} UN PRODUCER PRICE INDEX M/M: 1.8% V 1.4%E; PPI EX FOOD_ENERGY M/M: 0.3% V 0.3%E
[08:31] {Threei} - PPI YoY: 9.2% v 8.7%e
[08:31] {Threei} - PPI Ex Food_Energy YoY: 3.0% v 3.2%e
[08:31] {Threei} JUL EMPIRE MANUFACTURING: -4.9 V -8.0E
[08:31] {Threei} - Prior revised from -8.7 to
[08:31] {Threei} - No Revisions
[08:31] {Threei} - Prices Paid : 77.89 v 66.3 prior m/m
[08:33] {hawkfan4} morning
[08:34] {Threei} hawk :)
[08:34] {Threei} FRE/FNM look like death spiral continues
[08:34] {Threei} ESLR gap... doesn't trade very enthusiastically
[08:34] {Threei} which is to be expcted in this climate
[08:40] {Threei} PRESIDENT BUSH TO HOLD NEWS CONF AT 10:20AMET
[08:56] {cosmo} any bets he pumps solar?
[08:57] {Threei} no bets at all these days
[08:57] {Threei} tings change on minute by minute basis
[08:57] {peterg} gm team.
[08:58] {Threei} peter :)
[08:58] {cosmo} any bets he pumps off-shore?
[09:00] {Raven} 3 nice cosmo :)
[09:02] {cosmo} i try...
[09:02] {Raven} 3 excellent
[09:02] {cosmo} meds help
[09:03] {Raven} 3 never use them ...
[09:03] {cosmo} ah...there's room for improvement...
[09:04] {Raven} 3 prolly happen any day ...
[09:04] {cosmo} yea....percentages say so
[09:05] {Raven} 3 I know ... sigh
[09:05] {Threei} FRE is forming C&H with 6.05 resistance to break
[09:06] {GeoArb} gm
[09:06] {Threei} Geo :)
[09:07] {dptl} good morning all
[09:07] {Threei} dp :)
[09:07] {cosmo} ESLR
[09:07] {cosmo} active
[09:08] {dino} gm all, end of days again i see
[09:08] {cosmo} its only tuesday
[09:08] {Threei} dino :)
[09:10] {magoo} k,dsfjlks,isrhjoejhlajalih
[09:10] {Threei} magoo :)
[09:11] {judijim} good morning everyone
[09:11] {Threei} jj :)
[09:12] {Threei} if you went for that C&H FRE, you have scalp here
[09:12] {peterg} How play ESLR?
[09:12] {tomg} got it, ty vad
[09:12] {Threei} wwelcome tom
[09:12] {globus} long from 5.70
[09:13] {Threei} no read on ESLR
[09:13] {Threei} this thing never holds gains
[09:13] {peterg} k
[09:14] {peterg} what chart shows FRE C&H?
[09:14] {Threei} 1 min
[09:15] {Threei} cup from 8:16 to 9:02
[09:15] {peterg} yesterday?
[09:15] {Threei} handle broke at 9:08
[09:15] {Threei} ?
[09:15] {Threei} right now
[09:15] {Threei} today
[09:16] {peterg} aha--have no today chart
[09:16] {Threei} hmm?
[09:16] {Threei} why not?
[09:16] {peterg} Intraday 1 mn blank til mket opens
[09:17] {peterg} got time & sales
[09:18] {fernp} Good morning
[09:18] {peterg} are you reading chart of premarket opening?
[09:19] {Threei} fern :)
[09:19] {Threei} of course peter
[09:20] {Threei} on active stocks only
[09:20] {Threei} that C&H was from premarket chart
[09:20] {Threei} even if not for trading, it gives you an idea of support and reistance levels forming
[09:21] {peterg} ok, got it, have to figure out how to produce chart tks
[09:24] {dino} just nod and blink twice
[09:25] {Threei} oops... I did, and my TV went blank... what do I do now dino?
[09:26] {dino} lol
[09:28] {Threei} tension is higher and higher
[09:28] {Threei} let's stay in careful side
[09:29] {Threei} the extend of the crisis we are facing becomes much more clear for many ostriches
[09:29] {magoo} whats that mean?
[09:30] {Threei} a lot of traders, both amateur and pros got caught into longs on s
[09:30] {Threei} which part mags?
[09:30] {magoo} many ostriches
[09:30] {Threei} oh
[09:30] {cosmo} ostriges are wimps?
[09:30] {Threei} what does ostrich do when faces danger? :)
[09:31] {cosmo} i'd start kickin
[09:32] {cosmo} ESLR needs to hold 10 imo
[09:32] {Threei} FRE nosedive
[09:33] {Threei} ESLR
[09:33] {Threei} short idea
[09:33] {Threei} want a bounce
[09:33] {Threei} closest resistance is 10.20
[09:34] {Threei} anything above 10 should be a short
[09:34] {Threei} if can't break 10, then short 9.92 with 10.05 stop
[09:39] {Threei} doesn't look like FRE is going to hold 5
[09:40] {Threei} 5.19 shot half lot
[09:41] {Threei} stop above 5.40
[09:42] {cosmo} BEXP: Brigham Exploration announces Bakken discoveries, accelerated Williston Basin drilling program, planned Three Forks tests and updates '08 capital expenditure budgetBriefing.com(Tue 6:07am)
[09:42] {Threei} stop to 5.35
[09:42] {cosmo} BEXP now pulling back....
[09:42] {dino} hmmm, i guess the nyx is going out of business the way its down, sheesh
[09:46] {Threei} the way market acts you would think whole USA is going out of business
[09:48] {dino} europe is next
[09:48] {Threei} IMO... if whole world goes out of business, Europe will be there before USA
[09:50] {dino} lod dji
[09:51] {dino} 7/06 dji lows around 10668
[09:52] {Threei} ESLR 1:1
[09:52] {Threei} IMO, it has more downside
[09:52] {dino} imo thats where we are headed
[09:55] {Threei} MOODY'S CUTS PREFERRED STOCK AND FIANNCIAL STRENGTH RATING, DEBT RATINGS AFFIRMED
[09:56] {Threei} it's a good news, right? no money but a lot of valid liabilities
[09:57] {Threei} in today's upside-own world it must be a good news
[09:58] {dino} watching de fwlt fwiw
[10:03] {Threei} covering half ESLR
[10:05] {dino} add cme to that
[10:05] {Threei} FRE still looks like short to me
[10:05] {Threei} not sure of entry
[10:08] {dino} expiration week right? look for 5s and 0s imo
[10:09] {Threei} probably gotta try shorting into bounces to resistance, and be ready for multiple tries with small stops
[10:09] {Threei} 2.25 closest so far
[10:09] {Threei} 5.25
[10:10] {Threei} broken, no entry for now
[10:10] {Threei} 5.40 next
[10:10] {Threei} staying away at the moment, no clear read
[10:14] {Threei} hmmm... volume dropped on this FRE pullback
[10:14] {Threei} maybe bounce is better way here
[10:14] {Threei} 5.15 trigger for scalp
[10:15] {Threei} if stays above 5.10
[10:16] {hawkfan4} Bernake speaking now
[10:17] {Threei} lost support
[10:17] {Threei} Ben speak is a danger
[10:18] {cosmo} i wanna hear from Chauncey Gardener
[10:18] {dino} i was thinking jerry lewis
[10:19] {cosmo} that's close
[10:19] {dino} pcln blood
[10:20] {Threei} not sure to trail ESLR second half to .95 or keep it above 10 for now
[10:20] {Threei} new low FRE
[10:21] {Chaeron} good morning all
[10:21] {Threei} chaeron :)
[10:21] {cosmo} all?
[10:21] {Chaeron} as in everybody... even you too cosmo :)
[10:22] {cosmo} hmm .... :)
[10:22] {Threei} SBUX
[10:22] {Threei} .54 short
[10:22] {Threei} .66 stop
[10:24] {Threei} anyone managed to find short entry FRE?
[10:24] {magoo} nah
[10:24] {Threei} admittedly not easy
[10:25] {magoo} mkt was turning up
[10:25] {Threei} yeah, it almost looked like market shrugged off financials and decoupled from them
[10:25] {Threei} leting them drop and doing its own thing
[10:26] {Threei} see this spike?
[10:26] {magoo} yea
[10:26] {Threei} no news... just out of the blue
[10:26] {Threei} shows how tough it is today to find entry on them
[10:26] {Threei} let's leave them alone?
[10:26] {hawkfan4} yep
[10:27] {Threei} no crying when FRE goes under 4? "why didn't we short the hell out of it"?
[10:27] {Threei} die SBUX
[10:27] {cosmo} FNM then?
[10:28] {Threei} OK, trailing ESLR to .93
[10:28] {Threei} Bush on FRE/FNM
[10:31] {Threei} PRESIDENT BUSH: REITERATES CALL FOR CONGRESS TO REMOVE BAN ON OFFSHORE DRILLING, MUST ENSURE GSES CAN CONTINUE PROVIDING MORTGAGE CREDIT
[10:31] {Threei} - The GSEs should remain shareholder-owned companies. GSE rescue plan should be part of the housing bill.
[10:31] {Threei} - US economy shows remarkable resilience.
[10:32] {dino} down we go
[10:32] {Threei} SBUX 1:1, more downside is there IMO
[10:32] {dptl} out sbux .43 ty
[10:33] {Threei} covering half
[10:35] {dino} gj
[10:35] {Threei} ty
[10:39] {Threei} FED'S BERNANKE: HOUSING MARKET IS THE CENTRAL ISSUE FOR THE US ECONOMY - Q&A
[10:39] {Threei} looking at housing market... what does it say about economy?
[10:40] {Chaeron} out SBUX in .53, out .35 +0.18 Thanks Vad
[10:41] {dino} fwlt l .99 sm
[10:42] {Threei} welcome chaeron
[10:42] {hawkfan4} thx sbux here too vad, nice one
[10:43] {dptl} msft?
[10:43] {Threei} have you traded this one before?
[10:43] {dptl} long time ago
[10:43] {Threei} very specific stock in the way it trades
[10:44] {Threei} if you don't have experience with it, stay away
[10:44] {Threei} if you feel you want to trade it, observe it for a while
[10:44] {Threei} to get a feel for its ways
[10:44] {dptl} ye....it just was good set up isnt it?
[10:44] {Threei} chart wise, sure
[10:45] {Threei} it just has such a disgusting manner of chewing you up and spiutting you out just when you think you nailed great setup
[10:47] {Threei} stop to .51 SBUX
[10:48] {Threei} FED'S BERNANKE: HOUSING MARKET IS THE CENTRAL ISSUE FOR THE US ECONOMY, US BANKING SYSTEM IS WELL CAPITALIZED - Q&A
[10:48] {Threei} - Must be careful when changing margin requirements.
[10:48] {Threei} - US banks are deleveraging, banks are challenged by current credit conditions.
[10:48] {Threei} - Less concerned about solvency than banks' ability to extend credit.
[10:48] {Threei} - IndyMac failure was inevitable, given its bad asset quality.
[10:48] {Threei} - Emphasizes the need for a bank-like regulator for the GSEs.
[10:48] {patience} tsx down 405 points
[10:49] {Threei} because of oil drop?
[10:49] {Threei} or some other elements of it cause big downside?
[10:49] {patience} chartered banks are tanking
[10:49] {Threei} DJI is down just 167 points
[10:49] {patience} i know
[10:49] {Threei} oh
[10:52] {magoo} p[owering up
[10:52] {Threei} I am getting strange feeling
[10:52] {magoo} lets hear it
[10:52] {Chaeron} cat ran up your pant leg again... that's all
[10:52] {Threei} nah, never mind, it's last week vodka talking
[10:53] {Threei} OK, on serious note
[10:53] {Threei} starts feeling like we are to see some stunning bounce today
[10:53] {Chaeron} we close strong green?
[10:53] {magoo} i have found that your feelings are usually quite good
[10:54] {Chaeron} yeah... MOAB was the bestest
[10:55] {Threei} a little more churning, then decisive break and big upward move... that's the vision I am having
[10:55] {Threei} if that is the scenario... LEH is .81 long
[10:56] {hawkfan4} have the same feeling. LEH super strong
[10:56] {magoo} if so..aapl would be a candidate
[10:56] {magoo} 300 shares
[10:56] {Threei} RIMM .50 break long
[10:57] {Threei} AAPL, no technical level to rely upon
[10:57] {Threei} but if this scenario plays out it will go
[11:00] {Threei} here goes RIMM
[11:00] {Chaeron} dang missed RIMM
[11:00] {Threei} with any market support 104 easy
[11:01] {Chaeron} in LEH .80
[11:01] {magoo} in rimm
[11:02] {magoo} in aapl now .72
[11:03] {Threei} LEH over 14 should be easy
[11:04] {Threei} look at market gop
[11:04] {Threei} go
[11:04] {Threei} 104
06[11:04] * Threei pats himself on the back
[11:04] {dino} gop more like it
[11:04] {Threei} 14 LEH
[11:05] {magoo} out rimm .14 TY vad
[11:05] {Threei} welcome sir
[11:05] {magoo} how about my AAPL?
[11:05] {magoo} 1 point
[11:05] {Threei} sure
[11:05] {Threei} AAPL was simply a matter of timing the entry with market
[11:05] {Threei} since it didn't havce its own technical level to base trigger on
[11:06] {magoo} out here .76 1 point aapl in 2 minues
[11:06] {Chaeron} out LEH 14.01 +0.21 Great job Vad... again?
[11:06] {Threei} [10:57] {Threei} but if this scenario plays out it will go
[11:06] {Threei} market is going to continue upward
[11:06] {Threei} with pullbacks of course, buit for now up is the play
[11:07] {Threei} how about this for "stunning bounce"?
[11:07] {Chaeron} beautiful
[11:07] {hawkfan4} vad, super timely prediction, awesome
[11:07] {Chaeron} any entries on pullbacks?
[11:07] {Threei} ty hawk... I have my monets
[11:07] {magoo} [10:56] {magoo} if so..aapl would be a candidate
[11:07] {magoo} 10:53] {magoo} i have found that your feelings are usually quite good
[11:07] {Chaeron} and I wonder why anyone goes to any other trading rooms :)
[11:07] {Threei} chaeron... yes but there won't be technicals for them
[11:08] {dino} wow just made up over 200 dji points
[11:08] {Threei} sh*t, I am good
[11:08] {Threei} lol
[11:09] {patience} yup
[11:09] {magoo} and humble he he
[11:09] {Threei} always
[11:09] {dptl} just how the heck did you do that? lol
[11:09] {Threei} and chaeron thought that strange feeling was after-effect of case of vodka
[11:10] {hawkfan4} out RIMM + 1.60, thx
[11:10] {Chaeron} noooo... I said it was the cat up your pants leg....
[11:10] {Threei} (actually it was)
[11:10] {Threei} wtg hawk
[11:10] {Chaeron} great one Hawk
[11:10] {hawkfan4} thx :)
[11:11] {dino} gj
[11:14] {dino} sm l cedc .25
[11:15] {magoo} hawk,,u dog:) er, um, bird
[11:17] {hawkfan4} lol, thx
[11:28] {GeoArb} great example of vad's dbi setup
[11:28] {GeoArb} TAP
[11:28] {Threei} dbi?
[11:28] {Threei} I'd say it's JBE
[11:28] {GeoArb} sorrry
[11:28] {GeoArb} not thinking
[11:29] {Threei} sorry won't cut it Geo... you will have to bring us your finest cheeses
[11:29] {GeoArb} :)
[11:31] {Threei} just how sound this management with trailing stops after 1:1 is
[11:31] {Threei} allowed us to close second half of our shorts with no loss
[11:32] {Threei} and profit from reversal on other stocks at the same time
[11:42] {Chaeron} .
[11:42] {magoo} ..
[11:52] {Threei} looking at WM trying to define is it short time yet
[11:53] {magoo} against the mkt?
[11:53] {Threei} it's close to solid resistance level... if can't break it, then any market hiccup should kill it
[11:54] {Threei} and risk is negligible
[11:56] {Threei} lety' see if this spike takes it over 4
[11:56] {Threei} if not, then any market retreat is a short signal for WM with very tight stop
[11:56] {GeoArb} ok tap has made my best day ever
[11:56] {GeoArb} cheese vad
[11:56] {Threei} wtg :)
[11:56] {GeoArb} still holdng
[11:56] {GeoArb} above 2 bucks on 2k shares
[11:56] {Threei} woohoo
[11:57] {Threei} studying pays off eh?
[11:57] {GeoArb} hehehehe'\
[11:57] {GeoArb} i have decided to chat less and read more
[11:57] {Threei} WM broke 4
[11:57] {Threei} no play
[11:57] {GeoArb} was too busy cracking jokes.... not good for newbie like me
[11:57] {patience} very nice Geo. I just screwed up TD trade. Sold it when i was down .21 and it promptly reversed and spiked up 80 cents
[11:58] {GeoArb} yeah...
[11:58] {Threei} what a selloff in oil
[11:59] {patience} so vad, in a market like this, do you tighten up your stops or give a bit more leeway
[11:59] {Threei} for me it's stock specific
[12:00] {Threei} if I feel I have a good grip on direction
[12:00] {patience} i rarely trade bank stocks and don't know their usual pattern
[12:00] {Threei} but volatility is a bit abnormal
[12:00] {patience} serves me right
[12:00] {Threei} I will cut the size down and increase stop
[12:00] {Threei} if volatility for my specific stock is as usual, then both position size and stop are as usual
[12:01] {Threei} also, I find that during such nervous times agfgreesive entries qork better for me
[12:01] {Threei} work
[12:02] {Threei} breakouts give good follow-through not as frequently as in normal, market
[12:02] {Threei} buit aggressive entry while increases amount of stops,
[12:02] {Threei} keeps size of stops down and allows for bigger wins
[12:03] {GeoArb} patience....my advice is to always keep an eye on the volatility value in the intelliscanner for the stocks
[12:03] {GeoArb} its a nice read
[12:03] {patience} i was 2 cents off being right....what a bastard stock. i hate losing. i think i will go sulk.
[12:04] {GeoArb} man TAP
[12:04] {GeoArb} feels like they are delivering cases right to my doorstep
[12:05] {GeoArb} the volatility value in intelliscan gives a good estimate of the individual stock whips
[12:06] {patience} i don't have intelliscan, i don't even have streaming data....i just eyeball it most of the time.
[12:07] {GeoArb} wow... i am not that experienced... maybe in time :)
[12:07] {patience} i'm on a laptop, limited space constraints
[12:10] {Threei} geo goes all scientific on us
[12:11] {Threei} next thing we know he uses beta and reads company statements
[12:12] {GeoArb} hehehe... i just try to match the stop loss with that number
06[12:14] * magoo slaps laserdave1 around a bit with a large trout
06[12:14] * Threei slaps laserdave1 around a bit with a large trout
06[12:14] * Chaeron slaps laserdave1 around a bit with a large trout
[12:14] {Threei} that's what I call RealityTrader warm greeting
[12:17] {laserdave1} very nice
[12:17] {laserdave1} but i have been in here awhile guys
[12:17] {Threei} you can always count on us to deliver sincere welcome
[12:17] {GeoArb} i guess they wanted you to feel safe
[12:17] {laserdave1} i do actually feel alot better now
[12:19] {magoo} dcc dave
[12:34] {dino} dji green
[12:34] {Threei} HOUSE REPUBLICANS IN LETTER THE REP. FRANK ASSERT THEY WILL SEEK TO DELAY THE GSE RESCUE PLAN, CALL FOR HEARINGS ON THE GSE PLAN
[12:34] {Threei} - the Republican congressmen say the Fed actions may be sufficient and say that the rescue plan may be unecessary{FNM}
[12:35] {Threei} could it be any "grimmer" in the morning?
[12:36] {Threei} can it be any shinier now?
[12:37] {Threei} FRE nice pullback
[12:37] {Threei} 6.01 long
[12:37] {Threei} 5.94 stop
[12:38] {hawkfan4} fwiw Paulson on tv talking a bout FRE FNM right now
[12:38] {Threei} that's scary
[12:42] {dino} out fwlt .40 +.41
[12:42] {hawkfan4} nice
[12:42] {Threei} wtg
[12:42] {Threei} SEC'S COX: CURRENTLY CONDUCTING OVER FOUR DOZEN PROBES RELATED TO THE SUBPRIME CRISIS
[12:42] {Threei} - The SEC is looking at insurers, credit ratings agencies and Wall Street firms to see if mortgage lenders broke accounting rules.
[12:42] {Threei} lol
[12:43] {Threei} could their timing be any better
[12:45] {dino} ty
[12:50] {Threei} tide is turning it seems
[12:50] {Threei} I'd look to short next bounce
[12:50] {Threei} LEH closer to 14
[12:50] {Threei} FRE closer to 6
[12:51] {Threei} LEH spiked to .92, too fast for entry... mised
[12:52] {Threei} is Paulson still talking?
[12:52] {hawkfan4} 12:50 SEC's Cox: New limits on short sales of Fannie, Freddie - DJ
[12:52] {hawkfan4} (FRE, FNM)
[12:52] {Chaeron} short?
[12:53] {Chaeron} ooook... FRE short 6.08
[12:53] {Threei} perfect entry
[12:53] {Threei} feel free to take half off
[12:54] {Chaeron} took it all off... too much media... out .93 +0.15
[12:54] {dino} going to screw the shorts on fre, fnm
[12:54] {Threei} they limit naked shorting
[12:54] {Threei} SEC'S COX SAYS WILL ISSUE AN ORDER LIMITING NAKED SHORT SELLING OF FANNIE AND FREDDIE - SENATE TESTIMONY
[12:54] {Threei} {FRE}
[12:54] {Chaeron} I have my pjs still on
[12:55] {Threei} IMO, it won'rt change much
[12:55] {Chaeron} yeah, but gave a small bounce to the stock... too much media crap
[12:55] {Threei} SQNM
[12:55] {Threei} CEO: MAY REACH PROFITABILITY AS EARLY AS 2010
[12:56] {Threei} covered half LEH
[12:56] {Threei} +.15
[12:58] {Threei} out second half flat
[12:58] {Chaeron} thanks btw Threei... another nice one...
[13:00] {magoo} vad, u good...u should run a daytrading room
[13:02] {dino} cpla sm l ave .15
[13:03] {Threei} you think mags?
[13:03] {GeoArb} take it slow though
[13:03] {magoo} i thought u were ignoring me {sigh..again:)}
[13:03] {Threei} lordy... all markets are green
[13:06] {Threei} LEH leading the charge
[13:07] {magoo} u got the ball vad
[13:09] {Threei} dive under .20 should be a bounce scalp
[13:11] {Threei} ugh... .25 was it
[13:11] {Threei} missed
[13:13] {Threei} got it this time, +.13
[13:13] {Threei} gotta be really quick on these up and down rapid moves
[13:14] {Threei} impossible to call real time
[13:14] {Threei} observe it, you'll see the pattern
[13:14] {Threei} it quickly teleports up and down
[13:15] {Threei} US TREASURY'S PAULSON: FNM AND FRE UNDERWRITING MEASURES ARE 'GOOD"
[13:15] {Threei} gooder than they were yesterday?
[13:16] {Threei} but worser than a month ago?
[13:22] {magoo} mkt may be rolling over here
[13:22] {Threei} should bounce one more time first though
[13:28] {magoo} wonder if we get 2 pm smackdown vad
[13:30] {Threei} no slightest idea
[13:30] {Threei} if oil resumes downward, we can get smakup just as well
[13:32] {dino} just say no to smack
[13:33] {Threei} we can't... they smakc everything that is remotely smackuble
[13:33] {Threei} smack is out of our control, we just get to live with the prospect of constant smack
[13:35] {Threei} watching USO and NQ, today it's an almost perfect correlation
06[13:39] * magoo slaps Threei around a bit with a large trout
[13:39] {Threei} great
[13:39] {Threei} what did I do this time?
[13:39] {magoo} all the chatter about "smacking" could not resist
[13:39] {Threei} oh
[13:40] {Threei} KLAC
[13:40] {Threei} CO. NOTES SIGNIFICANT SLOW DOWN IN BOOKINGS AT END OF JUNE, Q4 REV WITHIN GUIDED RANGE OF $560-580M V 574ME - CEO
[13:51] {dino} cpla stop to .65
[13:53] {dino} out .80, +.65 cpla
[13:53] {Threei} wtg
[13:53] {dino} ty
[13:54] {Threei} 1 million IPhones sold in 3 days
[13:55] {Threei} what recession? what slowdown?
[13:55] {Threei} people need iphone
[14:00] {dino} out cedc .50 +.25
[14:09] {Threei} USO, small shares long 112.10 if stays above 11.80
[14:09] {Threei} 111.80
[14:10] {Threei} fast and volatile
[14:17] {magoo} in 112
[14:19] {Threei} SQNM .12 long
[14:19] {Threei} if stays above 20.95
[14:19] {Threei} half lot
[14:21] {Threei} aim to sell USO somewhere above .60 magoo, IMO
[14:21] {dino} nov l .30 sm
[14:22] {magoo} out .40 TY boss
[14:22] {Threei} :)
[14:25] {peterg} out USO +.31 tks
[14:25] {Threei} peter :)
[14:25] {Threei} SQNM 1:1
[14:26] {Threei} SEC"S COX NOTES THAT THERE ARE NO PLANS TO RESTORE THE 'UPTICK RULE'
[14:28] {Threei} you guys realize that you just played oil long?
[14:28] {Threei} how unpartiotic
[14:28] {GeoArb} no we support texas
[14:28] {Threei} we do?
[14:28] {Threei} can we live on the ranch?
[14:29] {GeoArb} let there be an oil well in every backyard
[14:29] {Threei} I have a cowboy hat
[14:31] {magoo} i said to dino "if i lose on my one and only oil play in greatest oil run in history, gonna slap the sh@t out of vad" lol
[14:31] {Threei} rofl
[14:32] {dino} he did
[14:33] {Threei} never thought I'd say it... but magoo does have sense of humor
[14:33] {Threei} now, considering the source... it may not be a compliment
[14:33] {Threei} 'cause I sure don't
[14:34] {GeoArb} i thought it would be humerous if he loses and carries ou the threat
[14:34] {Threei} well... I do but it's kind of 11 years old's one
[14:34] {GeoArb} (ducking)
[14:34] {Threei} drop in puddle/cake in the face kind of humor
06[14:34] * magoo slaps GeoArb around a bit with a large trout
06[14:34] * magoo slaps GeoArb around a bit with a large trout
06[14:34] * magoo slaps GeoArb around a bit with a large trout
[14:35] {Threei} {magoo} humor this
[14:42] {Chaeron} Laserdave1 dcc?
[14:44] {magoo} is there a laserdave2???
[14:53] {Threei} server dump?
[14:55] {dptl} check check
[15:03] {dino} .
[15:03] {hawkfan4} testing 1 2
[15:04] {dptl} ok
[15:04] {dino} took gs and rimm
[15:04] {dptl} see you tomorrow ...good evening all:)
[15:04] {dino} cya dp
[15:05] {Threei} take care dp
[15:07] {magoo} was booted out there vad of room
[15:07] {brian3579} i was booted also
[15:08] {Threei} yeah
[15:08] {hawkfan4} nice call on SQNM vad
[15:08] {Threei} half of the room was
[15:08] {Threei} hawk :)
[15:08] {magoo} and other half was asleep
[15:08] {Threei} some internet route went off for a minute
[15:15] {Threei} and again
[15:21] {dino} .
[15:21] {magoo} yep..knocked out or off or whatever
[15:25] {magoo} mkt up or down into bell vad??
[15:25] {Threei} down
[15:26] {magoo} u like AAPL sh somewhere?
[15:26] {magoo} or RIMM?
[15:27] {Chaeron} or QID?
[15:27] {Threei} hmmm
[15:28] {Threei} 108 break RIMM... but would like to see some consolidation first
[15:28] {magoo} i win chaer..he likes mine lol
[15:28] {GeoArb} how about long SDS?
[15:29] {magoo} sh rimm 108.01
[15:30] {magoo} covered .50 TY vad
[15:31] {Chaeron} QID long from 45.93, out 46.11 + 0.18.... thanks Vad!
[15:32] {Threei} :)
[15:32] {magoo} hes ignoring us {again}
[15:32] {Threei} lol
[15:32] {magoo} OH...just ME
[15:32] {Chaeron} lol
[15:32] {Threei} SDS is what, remind me please
[15:32] {Chaeron} naaaaa... was too busy trading mags
[15:32] {Threei} one of ultrashorts?
[15:32] {GeoArb} yeah sp
[15:33] {Threei} then everything that applies to QID will apply to it
[15:33] {Chaeron} I got those two charts lined up next to each other
[15:37] {Threei} may I stop calling particular stocks and just answer "up" or "down" leaving picks and levels to you? :)
[15:37] {Threei} works flawlessly, lol
[15:37] {GeoArb} if you had a web cam
[15:37] {GeoArb} yo caould wither smile or frown
[15:38] {Chaeron} why not :) or :(
[15:38] {GeoArb} sure
[15:38] {Threei} will I have to wear a tie?
[15:38] {Chaeron} Vad's cheap... minimal expenses... don't blame him...
[15:38] {GeoArb} only if it has no marinara smears
[15:39] {GeoArb} long sds on pullback
[15:39] {GeoArb} realllly small
[15:42] {GeoArb} ahh
[15:42] {GeoArb} i feel like a long bull
[15:44] {dino} i feel tired
[15:44] {magoo} i feel like a brew
[15:45] {dino} these markets are wearing me out, -230, +70, -70 c'mon
[15:45] {Threei} I am feelingless
[15:45] {dino} better way to be
[15:45] {GeoArb} what does the souse think?
[15:45] {GeoArb} spuse
[15:46] {GeoArb} oh crap spoilt the wisecrack with typo
[15:46] {dino} do you mean spouse?
[15:46] {dino} lol
[15:46] {GeoArb} lol
[15:46] {magoo} ROFLOL geo
[15:46] {Threei} that was funny spin on a wisecrack
[15:46] {dino} what the hell, close dji at -150 just to mess w/everyone
[15:48] {judijim} anyone catching the news about SEC reducing short-selling?
[15:49] {Threei} yes, I posted
[15:50] {Threei} they want to control naked shorting? I say why haven't they done so in all years it was illegal?
[15:50] {GeoArb} it was my best day ever... thanks all +2.5k
[15:51] {Threei} what kind of rules are those if no one enforces them?
[15:51] {Threei} wtg Geo
[15:51] {Threei} love to hear this
[15:51] {GeoArb} i am in love with budwieser
[15:51] {magoo} that does IT!!!!!!!!!!!!!!
06[15:51] * magoo slaps GeoArb around a bit with a large trout
[15:51] {GeoArb} it doesnt hurt !!!!!!!!!!!!!!
[15:51] {Chaeron} man, great job Geo
[15:52] {GeoArb} i have a basterdized bersion of JBE DBI now.....
[15:52] {Threei} basterdized bersion is a spuse of real one?
[15:52] {GeoArb} lol
[15:52] {dino} great job geo
[15:53] {Threei} ah come on... that was funny
06[15:53] * Threei slaps Chaeron around a bit with a large trout
06[15:53] * Threei slaps magoo around a bit with a large trout
[15:53] {GeoArb} thannks... lotsa help from you guys
06[15:53] * Chaeron slaps GeoArb around a bit with a large trout
[15:53] {Chaeron} help THAT
[15:53] {Chaeron} heh :)
[15:53] {dino} lol
[15:53] {GeoArb} hehehe
[15:54] {magoo} what i do??
06[15:54] * Chaeron slaps magoo around a bit with a large trout
[15:54] {Threei} hah... as though we need an actual reason
[15:55] {magoo} sheesh..been behaving all day and this is what i get?
[15:55] {Chaeron} take a hint
[15:55] {magoo} btw, geo only beat me by 142 bux
[15:56] {Chaeron} scalp something
[15:56] {GeoArb} well magoo
[15:56] {GeoArb} for you these days are normal
[15:56] {GeoArb} lol
[15:56] {judijim} take care everyone, wtg Geo
[15:56] {magoo} sh rimm .20
[15:57] {GeoArb} really
[15:57] {GeoArb} ?
[15:57] {GeoArb} 3 mins
[15:57] {Threei} take care jj
[15:57] {Chaeron} +1000s I hope....
[15:57] {Chaeron} and that you covered
[15:58] {magoo} out here .87
[15:58] {magoo} dam...he has me by lousy 64 bux
[15:59] {Chaeron} AP saying Mitt Romney's stock rising for McCain's VP choice... what symbol was that? GOP?
[15:59] {Chaeron} nice magoo...
[15:59] {Threei} thank you all
[15:59] {Threei} have a great evening,
[15:59] {magoo} WAIT VAD
06[15:59] * magoo slaps Threei around a bit with a large trout
[15:59] {Threei} thank you for trading well
[15:59] {Chaeron} thanks for everything Vad
[15:59] {Threei} delivers a great satisfaction to me
[15:59] {magoo} TY BOSS
[15:59] {Chaeron} you too Dave
[15:59] {peterg} tks all
[15:59] {Threei} group hug... yikes
[16:00] {GeoArb} eeek
[16:00] {Chaeron} ug
[16:00] {Threei} I better go before everyone gets mushy maashy
[16:00] {magoo} no go do a shot of vodka and bragg about your students
[16:00] {peterg} song---feelings......
[16:00] {Threei} see you all tomorrow :)
[16:00] {cosmo} was hoping he'd pick ron paul....
[16:01] {Threei} yeah, that would be my choice too
[16:01] {cosmo} :)
[16:01] {peterg} gutsy move, magoo!!
[16:01] {Chaeron} I was thinking Liebermann
[16:01] {cosmo} ah
[16:02] {magoo} scalp is all
[16:02] {magoo} but yeah..gotta be gone before bell because of spread nowe
[16:07] {dino} gn all
[08:00] {Threei} ESLR
[08:00] {Threei} HALTED: SIGNS $1.2B SALES CONTRACT, THROUGH 2013, BACKLOG AT $3B WITH FIVE CUSTOMERS
[08:00] {Threei} - Signed a new long-term sales contract valued at approximately $1.2 billion with German-based IBC SOLAR AG. This contract extends through 2013 and brings the company's total contractual backlog to nearly $3 billion with 5 customers.
[08:00] {Threei} - The solar panels for these take-or-pay contracts will be manufactured at the Company's new 160 MW facility in Devens, Massachusetts, which opened in June, and at the Company's next factory, which is expected to open in 2010. To date, the Company has contracted approximately 70 percent of Devens expected capacity through 2010 and all of Devens capacity in 2011 through 2013.
[08:13] {Threei} Heard on the Street looks at the US government's plan for Fannie Mae and Freddie Mac - WSJ
[08:13] {Threei} - The article notes that Paulson made clear that the stock market losses of Fannie and Freddie would not prevent them from issuing debt.
[08:13] {Threei} - The WSJ notes that on Monday, the cost of insuring the debt of the two GSEs fell.
[08:13] {Threei} - The article note that dilution fears and concerns about government intervention could weigh on any future share sales by Fannie and Freddie.
[08:13] {Threei} - The article notes that it is most likely the government will seek to take a direct stake in the GSEs through a preferred issue with special rights because this will maintain the perception that the two companies are still owned by its shareholders.
[08:13] {Threei} - If the government acquires shares in the GSEs, it could seek to be paid a lower than market interest rate or defer payments until the companies are in better financial condition.
[08:13] {Threei} - WSJ notes that the Treasury still needs to address the capital issue of Fannie Mae and Freddie Mac because if it does not funding could again become an issue and possibly force Paulson to come up with an actual nationalization plan.
[08:30] {Threei} UN ADVANCE RETAIL SALES: 0.1% V 0.4%E;
[08:30] {Threei} LESS AUTOS: 0.8% V 1.0%E
[08:30] {Threei} - Prior Advance Retail Sales revised from 1.0% to 0.8%
[08:31] {Threei} UN PRODUCER PRICE INDEX M/M: 1.8% V 1.4%E; PPI EX FOOD_ENERGY M/M: 0.3% V 0.3%E
[08:31] {Threei} - PPI YoY: 9.2% v 8.7%e
[08:31] {Threei} - PPI Ex Food_Energy YoY: 3.0% v 3.2%e
[08:31] {Threei} JUL EMPIRE MANUFACTURING: -4.9 V -8.0E
[08:31] {Threei} - Prior revised from -8.7 to
[08:31] {Threei} - No Revisions
[08:31] {Threei} - Prices Paid : 77.89 v 66.3 prior m/m
[08:33] {hawkfan4} morning
[08:34] {Threei} hawk :)
[08:34] {Threei} FRE/FNM look like death spiral continues
[08:34] {Threei} ESLR gap... doesn't trade very enthusiastically
[08:34] {Threei} which is to be expcted in this climate
[08:40] {Threei} PRESIDENT BUSH TO HOLD NEWS CONF AT 10:20AMET
[08:56] {cosmo} any bets he pumps solar?
[08:57] {Threei} no bets at all these days
[08:57] {Threei} tings change on minute by minute basis
[08:57] {peterg} gm team.
[08:58] {Threei} peter :)
[08:58] {cosmo} any bets he pumps off-shore?
[09:00] {Raven} 3 nice cosmo :)
[09:02] {cosmo} i try...
[09:02] {Raven} 3 excellent
[09:02] {cosmo} meds help
[09:03] {Raven} 3 never use them ...
[09:03] {cosmo} ah...there's room for improvement...
[09:04] {Raven} 3 prolly happen any day ...
[09:04] {cosmo} yea....percentages say so
[09:05] {Raven} 3 I know ... sigh
[09:05] {Threei} FRE is forming C&H with 6.05 resistance to break
[09:06] {GeoArb} gm
[09:06] {Threei} Geo :)
[09:07] {dptl} good morning all
[09:07] {Threei} dp :)
[09:07] {cosmo} ESLR
[09:07] {cosmo} active
[09:08] {dino} gm all, end of days again i see
[09:08] {cosmo} its only tuesday
[09:08] {Threei} dino :)
[09:10] {magoo} k,dsfjlks,isrhjoejhlajalih
[09:10] {Threei} magoo :)
[09:11] {judijim} good morning everyone
[09:11] {Threei} jj :)
[09:12] {Threei} if you went for that C&H FRE, you have scalp here
[09:12] {peterg} How play ESLR?
[09:12] {tomg} got it, ty vad
[09:12] {Threei} wwelcome tom
[09:12] {globus} long from 5.70
[09:13] {Threei} no read on ESLR
[09:13] {Threei} this thing never holds gains
[09:13] {peterg} k
[09:14] {peterg} what chart shows FRE C&H?
[09:14] {Threei} 1 min
[09:15] {Threei} cup from 8:16 to 9:02
[09:15] {peterg} yesterday?
[09:15] {Threei} handle broke at 9:08
[09:15] {Threei} ?
[09:15] {Threei} right now
[09:15] {Threei} today
[09:16] {peterg} aha--have no today chart
[09:16] {Threei} hmm?
[09:16] {Threei} why not?
[09:16] {peterg} Intraday 1 mn blank til mket opens
[09:17] {peterg} got time & sales
[09:18] {fernp} Good morning
[09:18] {peterg} are you reading chart of premarket opening?
[09:19] {Threei} fern :)
[09:19] {Threei} of course peter
[09:20] {Threei} on active stocks only
[09:20] {Threei} that C&H was from premarket chart
[09:20] {Threei} even if not for trading, it gives you an idea of support and reistance levels forming
[09:21] {peterg} ok, got it, have to figure out how to produce chart tks
[09:24] {dino} just nod and blink twice
[09:25] {Threei} oops... I did, and my TV went blank... what do I do now dino?
[09:26] {dino} lol
[09:28] {Threei} tension is higher and higher
[09:28] {Threei} let's stay in careful side
[09:29] {Threei} the extend of the crisis we are facing becomes much more clear for many ostriches
[09:29] {magoo} whats that mean?
[09:30] {Threei} a lot of traders, both amateur and pros got caught into longs on s
[09:30] {Threei} which part mags?
[09:30] {magoo} many ostriches
[09:30] {Threei} oh
[09:30] {cosmo} ostriges are wimps?
[09:30] {Threei} what does ostrich do when faces danger? :)
[09:31] {cosmo} i'd start kickin
[09:32] {cosmo} ESLR needs to hold 10 imo
[09:32] {Threei} FRE nosedive
[09:33] {Threei} ESLR
[09:33] {Threei} short idea
[09:33] {Threei} want a bounce
[09:33] {Threei} closest resistance is 10.20
[09:34] {Threei} anything above 10 should be a short
[09:34] {Threei} if can't break 10, then short 9.92 with 10.05 stop
[09:39] {Threei} doesn't look like FRE is going to hold 5
[09:40] {Threei} 5.19 shot half lot
[09:41] {Threei} stop above 5.40
[09:42] {cosmo} BEXP: Brigham Exploration announces Bakken discoveries, accelerated Williston Basin drilling program, planned Three Forks tests and updates '08 capital expenditure budgetBriefing.com(Tue 6:07am)
[09:42] {Threei} stop to 5.35
[09:42] {cosmo} BEXP now pulling back....
[09:42] {dino} hmmm, i guess the nyx is going out of business the way its down, sheesh
[09:46] {Threei} the way market acts you would think whole USA is going out of business
[09:48] {dino} europe is next
[09:48] {Threei} IMO... if whole world goes out of business, Europe will be there before USA
[09:50] {dino} lod dji
[09:51] {dino} 7/06 dji lows around 10668
[09:52] {Threei} ESLR 1:1
[09:52] {Threei} IMO, it has more downside
[09:52] {dino} imo thats where we are headed
[09:55] {Threei} MOODY'S CUTS PREFERRED STOCK AND FIANNCIAL STRENGTH RATING, DEBT RATINGS AFFIRMED
[09:56] {Threei} it's a good news, right? no money but a lot of valid liabilities
[09:57] {Threei} in today's upside-own world it must be a good news
[09:58] {dino} watching de fwlt fwiw
[10:03] {Threei} covering half ESLR
[10:05] {dino} add cme to that
[10:05] {Threei} FRE still looks like short to me
[10:05] {Threei} not sure of entry
[10:08] {dino} expiration week right? look for 5s and 0s imo
[10:09] {Threei} probably gotta try shorting into bounces to resistance, and be ready for multiple tries with small stops
[10:09] {Threei} 2.25 closest so far
[10:09] {Threei} 5.25
[10:10] {Threei} broken, no entry for now
[10:10] {Threei} 5.40 next
[10:10] {Threei} staying away at the moment, no clear read
[10:14] {Threei} hmmm... volume dropped on this FRE pullback
[10:14] {Threei} maybe bounce is better way here
[10:14] {Threei} 5.15 trigger for scalp
[10:15] {Threei} if stays above 5.10
[10:16] {hawkfan4} Bernake speaking now
[10:17] {Threei} lost support
[10:17] {Threei} Ben speak is a danger
[10:18] {cosmo} i wanna hear from Chauncey Gardener
[10:18] {dino} i was thinking jerry lewis
[10:19] {cosmo} that's close
[10:19] {dino} pcln blood
[10:20] {Threei} not sure to trail ESLR second half to .95 or keep it above 10 for now
[10:20] {Threei} new low FRE
[10:21] {Chaeron} good morning all
[10:21] {Threei} chaeron :)
[10:21] {cosmo} all?
[10:21] {Chaeron} as in everybody... even you too cosmo :)
[10:22] {cosmo} hmm .... :)
[10:22] {Threei} SBUX
[10:22] {Threei} .54 short
[10:22] {Threei} .66 stop
[10:24] {Threei} anyone managed to find short entry FRE?
[10:24] {magoo} nah
[10:24] {Threei} admittedly not easy
[10:25] {magoo} mkt was turning up
[10:25] {Threei} yeah, it almost looked like market shrugged off financials and decoupled from them
[10:25] {Threei} leting them drop and doing its own thing
[10:26] {Threei} see this spike?
[10:26] {magoo} yea
[10:26] {Threei} no news... just out of the blue
[10:26] {Threei} shows how tough it is today to find entry on them
[10:26] {Threei} let's leave them alone?
[10:26] {hawkfan4} yep
[10:27] {Threei} no crying when FRE goes under 4? "why didn't we short the hell out of it"?
[10:27] {Threei} die SBUX
[10:27] {cosmo} FNM then?
[10:28] {Threei} OK, trailing ESLR to .93
[10:28] {Threei} Bush on FRE/FNM
[10:31] {Threei} PRESIDENT BUSH: REITERATES CALL FOR CONGRESS TO REMOVE BAN ON OFFSHORE DRILLING, MUST ENSURE GSES CAN CONTINUE PROVIDING MORTGAGE CREDIT
[10:31] {Threei} - The GSEs should remain shareholder-owned companies. GSE rescue plan should be part of the housing bill.
[10:31] {Threei} - US economy shows remarkable resilience.
[10:32] {dino} down we go
[10:32] {Threei} SBUX 1:1, more downside is there IMO
[10:32] {dptl} out sbux .43 ty
[10:33] {Threei} covering half
[10:35] {dino} gj
[10:35] {Threei} ty
[10:39] {Threei} FED'S BERNANKE: HOUSING MARKET IS THE CENTRAL ISSUE FOR THE US ECONOMY - Q&A
[10:39] {Threei} looking at housing market... what does it say about economy?
[10:40] {Chaeron} out SBUX in .53, out .35 +0.18 Thanks Vad
[10:41] {dino} fwlt l .99 sm
[10:42] {Threei} welcome chaeron
[10:42] {hawkfan4} thx sbux here too vad, nice one
[10:43] {dptl} msft?
[10:43] {Threei} have you traded this one before?
[10:43] {dptl} long time ago
[10:43] {Threei} very specific stock in the way it trades
[10:44] {Threei} if you don't have experience with it, stay away
[10:44] {Threei} if you feel you want to trade it, observe it for a while
[10:44] {Threei} to get a feel for its ways
[10:44] {dptl} ye....it just was good set up isnt it?
[10:44] {Threei} chart wise, sure
[10:45] {Threei} it just has such a disgusting manner of chewing you up and spiutting you out just when you think you nailed great setup
[10:47] {Threei} stop to .51 SBUX
[10:48] {Threei} FED'S BERNANKE: HOUSING MARKET IS THE CENTRAL ISSUE FOR THE US ECONOMY, US BANKING SYSTEM IS WELL CAPITALIZED - Q&A
[10:48] {Threei} - Must be careful when changing margin requirements.
[10:48] {Threei} - US banks are deleveraging, banks are challenged by current credit conditions.
[10:48] {Threei} - Less concerned about solvency than banks' ability to extend credit.
[10:48] {Threei} - IndyMac failure was inevitable, given its bad asset quality.
[10:48] {Threei} - Emphasizes the need for a bank-like regulator for the GSEs.
[10:48] {patience} tsx down 405 points
[10:49] {Threei} because of oil drop?
[10:49] {Threei} or some other elements of it cause big downside?
[10:49] {patience} chartered banks are tanking
[10:49] {Threei} DJI is down just 167 points
[10:49] {patience} i know
[10:49] {Threei} oh
[10:52] {magoo} p[owering up
[10:52] {Threei} I am getting strange feeling
[10:52] {magoo} lets hear it
[10:52] {Chaeron} cat ran up your pant leg again... that's all
[10:52] {Threei} nah, never mind, it's last week vodka talking
[10:53] {Threei} OK, on serious note
[10:53] {Threei} starts feeling like we are to see some stunning bounce today
[10:53] {Chaeron} we close strong green?
[10:53] {magoo} i have found that your feelings are usually quite good
[10:54] {Chaeron} yeah... MOAB was the bestest
[10:55] {Threei} a little more churning, then decisive break and big upward move... that's the vision I am having
[10:55] {Threei} if that is the scenario... LEH is .81 long
[10:56] {hawkfan4} have the same feeling. LEH super strong
[10:56] {magoo} if so..aapl would be a candidate
[10:56] {magoo} 300 shares
[10:56] {Threei} RIMM .50 break long
[10:57] {Threei} AAPL, no technical level to rely upon
[10:57] {Threei} but if this scenario plays out it will go
[11:00] {Threei} here goes RIMM
[11:00] {Chaeron} dang missed RIMM
[11:00] {Threei} with any market support 104 easy
[11:01] {Chaeron} in LEH .80
[11:01] {magoo} in rimm
[11:02] {magoo} in aapl now .72
[11:03] {Threei} LEH over 14 should be easy
[11:04] {Threei} look at market gop
[11:04] {Threei} go
[11:04] {Threei} 104
06[11:04] * Threei pats himself on the back
[11:04] {dino} gop more like it
[11:04] {Threei} 14 LEH
[11:05] {magoo} out rimm .14 TY vad
[11:05] {Threei} welcome sir
[11:05] {magoo} how about my AAPL?
[11:05] {magoo} 1 point
[11:05] {Threei} sure
[11:05] {Threei} AAPL was simply a matter of timing the entry with market
[11:05] {Threei} since it didn't havce its own technical level to base trigger on
[11:06] {magoo} out here .76 1 point aapl in 2 minues
[11:06] {Chaeron} out LEH 14.01 +0.21 Great job Vad... again?
[11:06] {Threei} [10:57] {Threei} but if this scenario plays out it will go
[11:06] {Threei} market is going to continue upward
[11:06] {Threei} with pullbacks of course, buit for now up is the play
[11:07] {Threei} how about this for "stunning bounce"?
[11:07] {Chaeron} beautiful
[11:07] {hawkfan4} vad, super timely prediction, awesome
[11:07] {Chaeron} any entries on pullbacks?
[11:07] {Threei} ty hawk... I have my monets
[11:07] {magoo} [10:56] {magoo} if so..aapl would be a candidate
[11:07] {magoo} 10:53] {magoo} i have found that your feelings are usually quite good
[11:07] {Chaeron} and I wonder why anyone goes to any other trading rooms :)
[11:07] {Threei} chaeron... yes but there won't be technicals for them
[11:08] {dino} wow just made up over 200 dji points
[11:08] {Threei} sh*t, I am good
[11:08] {Threei} lol
[11:09] {patience} yup
[11:09] {magoo} and humble he he
[11:09] {Threei} always
[11:09] {dptl} just how the heck did you do that? lol
[11:09] {Threei} and chaeron thought that strange feeling was after-effect of case of vodka
[11:10] {hawkfan4} out RIMM + 1.60, thx
[11:10] {Chaeron} noooo... I said it was the cat up your pants leg....
[11:10] {Threei} (actually it was)
[11:10] {Threei} wtg hawk
[11:10] {Chaeron} great one Hawk
[11:10] {hawkfan4} thx :)
[11:11] {dino} gj
[11:14] {dino} sm l cedc .25
[11:15] {magoo} hawk,,u dog:) er, um, bird
[11:17] {hawkfan4} lol, thx
[11:28] {GeoArb} great example of vad's dbi setup
[11:28] {GeoArb} TAP
[11:28] {Threei} dbi?
[11:28] {Threei} I'd say it's JBE
[11:28] {GeoArb} sorrry
[11:28] {GeoArb} not thinking
[11:29] {Threei} sorry won't cut it Geo... you will have to bring us your finest cheeses
[11:29] {GeoArb} :)
[11:31] {Threei} just how sound this management with trailing stops after 1:1 is
[11:31] {Threei} allowed us to close second half of our shorts with no loss
[11:32] {Threei} and profit from reversal on other stocks at the same time
[11:42] {Chaeron} .
[11:42] {magoo} ..
[11:52] {Threei} looking at WM trying to define is it short time yet
[11:53] {magoo} against the mkt?
[11:53] {Threei} it's close to solid resistance level... if can't break it, then any market hiccup should kill it
[11:54] {Threei} and risk is negligible
[11:56] {Threei} lety' see if this spike takes it over 4
[11:56] {Threei} if not, then any market retreat is a short signal for WM with very tight stop
[11:56] {GeoArb} ok tap has made my best day ever
[11:56] {GeoArb} cheese vad
[11:56] {Threei} wtg :)
[11:56] {GeoArb} still holdng
[11:56] {GeoArb} above 2 bucks on 2k shares
[11:56] {Threei} woohoo
[11:57] {Threei} studying pays off eh?
[11:57] {GeoArb} hehehehe'\
[11:57] {GeoArb} i have decided to chat less and read more
[11:57] {Threei} WM broke 4
[11:57] {Threei} no play
[11:57] {GeoArb} was too busy cracking jokes.... not good for newbie like me
[11:57] {patience} very nice Geo. I just screwed up TD trade. Sold it when i was down .21 and it promptly reversed and spiked up 80 cents
[11:58] {GeoArb} yeah...
[11:58] {Threei} what a selloff in oil
[11:59] {patience} so vad, in a market like this, do you tighten up your stops or give a bit more leeway
[11:59] {Threei} for me it's stock specific
[12:00] {Threei} if I feel I have a good grip on direction
[12:00] {patience} i rarely trade bank stocks and don't know their usual pattern
[12:00] {Threei} but volatility is a bit abnormal
[12:00] {patience} serves me right
[12:00] {Threei} I will cut the size down and increase stop
[12:00] {Threei} if volatility for my specific stock is as usual, then both position size and stop are as usual
[12:01] {Threei} also, I find that during such nervous times agfgreesive entries qork better for me
[12:01] {Threei} work
[12:02] {Threei} breakouts give good follow-through not as frequently as in normal, market
[12:02] {Threei} buit aggressive entry while increases amount of stops,
[12:02] {Threei} keeps size of stops down and allows for bigger wins
[12:03] {GeoArb} patience....my advice is to always keep an eye on the volatility value in the intelliscanner for the stocks
[12:03] {GeoArb} its a nice read
[12:03] {patience} i was 2 cents off being right....what a bastard stock. i hate losing. i think i will go sulk.
[12:04] {GeoArb} man TAP
[12:04] {GeoArb} feels like they are delivering cases right to my doorstep
[12:05] {GeoArb} the volatility value in intelliscan gives a good estimate of the individual stock whips
[12:06] {patience} i don't have intelliscan, i don't even have streaming data....i just eyeball it most of the time.
[12:07] {GeoArb} wow... i am not that experienced... maybe in time :)
[12:07] {patience} i'm on a laptop, limited space constraints
[12:10] {Threei} geo goes all scientific on us
[12:11] {Threei} next thing we know he uses beta and reads company statements
[12:12] {GeoArb} hehehe... i just try to match the stop loss with that number
06[12:14] * magoo slaps laserdave1 around a bit with a large trout
06[12:14] * Threei slaps laserdave1 around a bit with a large trout
06[12:14] * Chaeron slaps laserdave1 around a bit with a large trout
[12:14] {Threei} that's what I call RealityTrader warm greeting
[12:17] {laserdave1} very nice
[12:17] {laserdave1} but i have been in here awhile guys
[12:17] {Threei} you can always count on us to deliver sincere welcome
[12:17] {GeoArb} i guess they wanted you to feel safe
[12:17] {laserdave1} i do actually feel alot better now
[12:19] {magoo} dcc dave
[12:34] {dino} dji green
[12:34] {Threei} HOUSE REPUBLICANS IN LETTER THE REP. FRANK ASSERT THEY WILL SEEK TO DELAY THE GSE RESCUE PLAN, CALL FOR HEARINGS ON THE GSE PLAN
[12:34] {Threei} - the Republican congressmen say the Fed actions may be sufficient and say that the rescue plan may be unecessary{FNM}
[12:35] {Threei} could it be any "grimmer" in the morning?
[12:36] {Threei} can it be any shinier now?
[12:37] {Threei} FRE nice pullback
[12:37] {Threei} 6.01 long
[12:37] {Threei} 5.94 stop
[12:38] {hawkfan4} fwiw Paulson on tv talking a bout FRE FNM right now
[12:38] {Threei} that's scary
[12:42] {dino} out fwlt .40 +.41
[12:42] {hawkfan4} nice
[12:42] {Threei} wtg
[12:42] {Threei} SEC'S COX: CURRENTLY CONDUCTING OVER FOUR DOZEN PROBES RELATED TO THE SUBPRIME CRISIS
[12:42] {Threei} - The SEC is looking at insurers, credit ratings agencies and Wall Street firms to see if mortgage lenders broke accounting rules.
[12:42] {Threei} lol
[12:43] {Threei} could their timing be any better
[12:45] {dino} ty
[12:50] {Threei} tide is turning it seems
[12:50] {Threei} I'd look to short next bounce
[12:50] {Threei} LEH closer to 14
[12:50] {Threei} FRE closer to 6
[12:51] {Threei} LEH spiked to .92, too fast for entry... mised
[12:52] {Threei} is Paulson still talking?
[12:52] {hawkfan4} 12:50 SEC's Cox: New limits on short sales of Fannie, Freddie - DJ
[12:52] {hawkfan4} (FRE, FNM)
[12:52] {Chaeron} short?
[12:53] {Chaeron} ooook... FRE short 6.08
[12:53] {Threei} perfect entry
[12:53] {Threei} feel free to take half off
[12:54] {Chaeron} took it all off... too much media... out .93 +0.15
[12:54] {dino} going to screw the shorts on fre, fnm
[12:54] {Threei} they limit naked shorting
[12:54] {Threei} SEC'S COX SAYS WILL ISSUE AN ORDER LIMITING NAKED SHORT SELLING OF FANNIE AND FREDDIE - SENATE TESTIMONY
[12:54] {Threei} {FRE}
[12:54] {Chaeron} I have my pjs still on
[12:55] {Threei} IMO, it won'rt change much
[12:55] {Chaeron} yeah, but gave a small bounce to the stock... too much media crap
[12:55] {Threei} SQNM
[12:55] {Threei} CEO: MAY REACH PROFITABILITY AS EARLY AS 2010
[12:56] {Threei} covered half LEH
[12:56] {Threei} +.15
[12:58] {Threei} out second half flat
[12:58] {Chaeron} thanks btw Threei... another nice one...
[13:00] {magoo} vad, u good...u should run a daytrading room
[13:02] {dino} cpla sm l ave .15
[13:03] {Threei} you think mags?
[13:03] {GeoArb} take it slow though
[13:03] {magoo} i thought u were ignoring me {sigh..again:)}
[13:03] {Threei} lordy... all markets are green
[13:06] {Threei} LEH leading the charge
[13:07] {magoo} u got the ball vad
[13:09] {Threei} dive under .20 should be a bounce scalp
[13:11] {Threei} ugh... .25 was it
[13:11] {Threei} missed
[13:13] {Threei} got it this time, +.13
[13:13] {Threei} gotta be really quick on these up and down rapid moves
[13:14] {Threei} impossible to call real time
[13:14] {Threei} observe it, you'll see the pattern
[13:14] {Threei} it quickly teleports up and down
[13:15] {Threei} US TREASURY'S PAULSON: FNM AND FRE UNDERWRITING MEASURES ARE 'GOOD"
[13:15] {Threei} gooder than they were yesterday?
[13:16] {Threei} but worser than a month ago?
[13:22] {magoo} mkt may be rolling over here
[13:22] {Threei} should bounce one more time first though
[13:28] {magoo} wonder if we get 2 pm smackdown vad
[13:30] {Threei} no slightest idea
[13:30] {Threei} if oil resumes downward, we can get smakup just as well
[13:32] {dino} just say no to smack
[13:33] {Threei} we can't... they smakc everything that is remotely smackuble
[13:33] {Threei} smack is out of our control, we just get to live with the prospect of constant smack
[13:35] {Threei} watching USO and NQ, today it's an almost perfect correlation
06[13:39] * magoo slaps Threei around a bit with a large trout
[13:39] {Threei} great
[13:39] {Threei} what did I do this time?
[13:39] {magoo} all the chatter about "smacking" could not resist
[13:39] {Threei} oh
[13:40] {Threei} KLAC
[13:40] {Threei} CO. NOTES SIGNIFICANT SLOW DOWN IN BOOKINGS AT END OF JUNE, Q4 REV WITHIN GUIDED RANGE OF $560-580M V 574ME - CEO
[13:51] {dino} cpla stop to .65
[13:53] {dino} out .80, +.65 cpla
[13:53] {Threei} wtg
[13:53] {dino} ty
[13:54] {Threei} 1 million IPhones sold in 3 days
[13:55] {Threei} what recession? what slowdown?
[13:55] {Threei} people need iphone
[14:00] {dino} out cedc .50 +.25
[14:09] {Threei} USO, small shares long 112.10 if stays above 11.80
[14:09] {Threei} 111.80
[14:10] {Threei} fast and volatile
[14:17] {magoo} in 112
[14:19] {Threei} SQNM .12 long
[14:19] {Threei} if stays above 20.95
[14:19] {Threei} half lot
[14:21] {Threei} aim to sell USO somewhere above .60 magoo, IMO
[14:21] {dino} nov l .30 sm
[14:22] {magoo} out .40 TY boss
[14:22] {Threei} :)
[14:25] {peterg} out USO +.31 tks
[14:25] {Threei} peter :)
[14:25] {Threei} SQNM 1:1
[14:26] {Threei} SEC"S COX NOTES THAT THERE ARE NO PLANS TO RESTORE THE 'UPTICK RULE'
[14:28] {Threei} you guys realize that you just played oil long?
[14:28] {Threei} how unpartiotic
[14:28] {GeoArb} no we support texas
[14:28] {Threei} we do?
[14:28] {Threei} can we live on the ranch?
[14:29] {GeoArb} let there be an oil well in every backyard
[14:29] {Threei} I have a cowboy hat
[14:31] {magoo} i said to dino "if i lose on my one and only oil play in greatest oil run in history, gonna slap the sh@t out of vad" lol
[14:31] {Threei} rofl
[14:32] {dino} he did
[14:33] {Threei} never thought I'd say it... but magoo does have sense of humor
[14:33] {Threei} now, considering the source... it may not be a compliment
[14:33] {Threei} 'cause I sure don't
[14:34] {GeoArb} i thought it would be humerous if he loses and carries ou the threat
[14:34] {Threei} well... I do but it's kind of 11 years old's one
[14:34] {GeoArb} (ducking)
[14:34] {Threei} drop in puddle/cake in the face kind of humor
06[14:34] * magoo slaps GeoArb around a bit with a large trout
06[14:34] * magoo slaps GeoArb around a bit with a large trout
06[14:34] * magoo slaps GeoArb around a bit with a large trout
[14:35] {Threei} {magoo} humor this
[14:42] {Chaeron} Laserdave1 dcc?
[14:44] {magoo} is there a laserdave2???
[14:53] {Threei} server dump?
[14:55] {dptl} check check
[15:03] {dino} .
[15:03] {hawkfan4} testing 1 2
[15:04] {dptl} ok
[15:04] {dino} took gs and rimm
[15:04] {dptl} see you tomorrow ...good evening all:)
[15:04] {dino} cya dp
[15:05] {Threei} take care dp
[15:07] {magoo} was booted out there vad of room
[15:07] {brian3579} i was booted also
[15:08] {Threei} yeah
[15:08] {hawkfan4} nice call on SQNM vad
[15:08] {Threei} half of the room was
[15:08] {Threei} hawk :)
[15:08] {magoo} and other half was asleep
[15:08] {Threei} some internet route went off for a minute
[15:15] {Threei} and again
[15:21] {dino} .
[15:21] {magoo} yep..knocked out or off or whatever
[15:25] {magoo} mkt up or down into bell vad??
[15:25] {Threei} down
[15:26] {magoo} u like AAPL sh somewhere?
[15:26] {magoo} or RIMM?
[15:27] {Chaeron} or QID?
[15:27] {Threei} hmmm
[15:28] {Threei} 108 break RIMM... but would like to see some consolidation first
[15:28] {magoo} i win chaer..he likes mine lol
[15:28] {GeoArb} how about long SDS?
[15:29] {magoo} sh rimm 108.01
[15:30] {magoo} covered .50 TY vad
[15:31] {Chaeron} QID long from 45.93, out 46.11 + 0.18.... thanks Vad!
[15:32] {Threei} :)
[15:32] {magoo} hes ignoring us {again}
[15:32] {Threei} lol
[15:32] {magoo} OH...just ME
[15:32] {Chaeron} lol
[15:32] {Threei} SDS is what, remind me please
[15:32] {Chaeron} naaaaa... was too busy trading mags
[15:32] {Threei} one of ultrashorts?
[15:32] {GeoArb} yeah sp
[15:33] {Threei} then everything that applies to QID will apply to it
[15:33] {Chaeron} I got those two charts lined up next to each other
[15:37] {Threei} may I stop calling particular stocks and just answer "up" or "down" leaving picks and levels to you? :)
[15:37] {Threei} works flawlessly, lol
[15:37] {GeoArb} if you had a web cam
[15:37] {GeoArb} yo caould wither smile or frown
[15:38] {Chaeron} why not :) or :(
[15:38] {GeoArb} sure
[15:38] {Threei} will I have to wear a tie?
[15:38] {Chaeron} Vad's cheap... minimal expenses... don't blame him...
[15:38] {GeoArb} only if it has no marinara smears
[15:39] {GeoArb} long sds on pullback
[15:39] {GeoArb} realllly small
[15:42] {GeoArb} ahh
[15:42] {GeoArb} i feel like a long bull
[15:44] {dino} i feel tired
[15:44] {magoo} i feel like a brew
[15:45] {dino} these markets are wearing me out, -230, +70, -70 c'mon
[15:45] {Threei} I am feelingless
[15:45] {dino} better way to be
[15:45] {GeoArb} what does the souse think?
[15:45] {GeoArb} spuse
[15:46] {GeoArb} oh crap spoilt the wisecrack with typo
[15:46] {dino} do you mean spouse?
[15:46] {dino} lol
[15:46] {GeoArb} lol
[15:46] {magoo} ROFLOL geo
[15:46] {Threei} that was funny spin on a wisecrack
[15:46] {dino} what the hell, close dji at -150 just to mess w/everyone
[15:48] {judijim} anyone catching the news about SEC reducing short-selling?
[15:49] {Threei} yes, I posted
[15:50] {Threei} they want to control naked shorting? I say why haven't they done so in all years it was illegal?
[15:50] {GeoArb} it was my best day ever... thanks all +2.5k
[15:51] {Threei} what kind of rules are those if no one enforces them?
[15:51] {Threei} wtg Geo
[15:51] {Threei} love to hear this
[15:51] {GeoArb} i am in love with budwieser
[15:51] {magoo} that does IT!!!!!!!!!!!!!!
06[15:51] * magoo slaps GeoArb around a bit with a large trout
[15:51] {GeoArb} it doesnt hurt !!!!!!!!!!!!!!
[15:51] {Chaeron} man, great job Geo
[15:52] {GeoArb} i have a basterdized bersion of JBE DBI now.....
[15:52] {Threei} basterdized bersion is a spuse of real one?
[15:52] {GeoArb} lol
[15:52] {dino} great job geo
[15:53] {Threei} ah come on... that was funny
06[15:53] * Threei slaps Chaeron around a bit with a large trout
06[15:53] * Threei slaps magoo around a bit with a large trout
[15:53] {GeoArb} thannks... lotsa help from you guys
06[15:53] * Chaeron slaps GeoArb around a bit with a large trout
[15:53] {Chaeron} help THAT
[15:53] {Chaeron} heh :)
[15:53] {dino} lol
[15:53] {GeoArb} hehehe
[15:54] {magoo} what i do??
06[15:54] * Chaeron slaps magoo around a bit with a large trout
[15:54] {Threei} hah... as though we need an actual reason
[15:55] {magoo} sheesh..been behaving all day and this is what i get?
[15:55] {Chaeron} take a hint
[15:55] {magoo} btw, geo only beat me by 142 bux
[15:56] {Chaeron} scalp something
[15:56] {GeoArb} well magoo
[15:56] {GeoArb} for you these days are normal
[15:56] {GeoArb} lol
[15:56] {judijim} take care everyone, wtg Geo
[15:56] {magoo} sh rimm .20
[15:57] {GeoArb} really
[15:57] {GeoArb} ?
[15:57] {GeoArb} 3 mins
[15:57] {Threei} take care jj
[15:57] {Chaeron} +1000s I hope....
[15:57] {Chaeron} and that you covered
[15:58] {magoo} out here .87
[15:58] {magoo} dam...he has me by lousy 64 bux
[15:59] {Chaeron} AP saying Mitt Romney's stock rising for McCain's VP choice... what symbol was that? GOP?
[15:59] {Chaeron} nice magoo...
[15:59] {Threei} thank you all
[15:59] {Threei} have a great evening,
[15:59] {magoo} WAIT VAD
06[15:59] * magoo slaps Threei around a bit with a large trout
[15:59] {Threei} thank you for trading well
[15:59] {Chaeron} thanks for everything Vad
[15:59] {Threei} delivers a great satisfaction to me
[15:59] {magoo} TY BOSS
[15:59] {Chaeron} you too Dave
[15:59] {peterg} tks all
[15:59] {Threei} group hug... yikes
[16:00] {GeoArb} eeek
[16:00] {Chaeron} ug
[16:00] {Threei} I better go before everyone gets mushy maashy
[16:00] {magoo} no go do a shot of vodka and bragg about your students
[16:00] {peterg} song---feelings......
[16:00] {Threei} see you all tomorrow :)
[16:00] {cosmo} was hoping he'd pick ron paul....
[16:01] {Threei} yeah, that would be my choice too
[16:01] {cosmo} :)
[16:01] {peterg} gutsy move, magoo!!
[16:01] {Chaeron} I was thinking Liebermann
[16:01] {cosmo} ah
[16:02] {magoo} scalp is all
[16:02] {magoo} but yeah..gotta be gone before bell because of spread nowe
[16:07] {dino} gn all
