July 16 2008
[08:27] {Threei} FRE
[08:27] {Threei} TO ISSUE NEW $3B 2-YEAR REFERENCE NOTES SECURITY, INCREASED 4.875% 10-YEAR USD REFERENCE NOTES SECURITY THAT MATURES ON JUNE 13, 2018, BY $1B
[08:37] {Threei} SATC
[08:37] {Threei} EXPANDING MANUFACTURING CAPACITY IN THE 2H 2008
[08:38] {Threei} *JUN CONSUMER PRICE INDEX M/M: 1.1% V 0.7%E; CPI EX FOOD_ENERGY M/M: 0.3% V 0.2%E; CPI NSA: 218.815 V 217.903E
[08:38] {Threei} - CPI y/y: 5.0% v 4.5%e, Highest since April 1991
[08:38] {Threei} - Core CPI y/y: 2.4% v 2.3%e
[08:42] {peterg} hi
[08:43] {Threei} good morning peter
[08:48] {esemde} good Ontario morning.......couple of more days on the lake and will be back with you all full time next week...how are ya????
[08:49] {Threei} good morning ese :)
[08:49] {esemde} vad}}}}!!!!!
[08:49] {Threei} we are good... unlike most summers, far from bored
[08:49] {esemde} pourqoi
[08:50] {Threei} now and then my darts hit target precisely and I do my best pretending it's my genius
[08:50] {Threei} (no one believes but what else is new)
[08:50] {peterg} dumped--im back
[08:50] {esemde} thats Ok Vad....I believe you!
[08:50] {Threei} :)
[08:50] {Threei} how's your vacation going?
[08:51] {esemde} great!!!!!! I realy miss lake of the woods...
[08:51] {Threei} mosquitos don't spoil it?
[08:52] {esemde} weather has not been all that great and the mosquitos have indeed been feasting on me
[08:52] {Threei} hate peaky creatures...
[08:53] {esemde} lots of family get togethers....thats has been really enjoyable.....it's also been very neat watching my kids play in all the places i used to play in whaen i was a kid
[08:54] {Threei} must be a blast :)
[08:54] {esemde} indeed!!!!!!
[08:58] {judijim} good morning all, hi to ese on vacation, sounds great
[08:58] {Threei} jj :)
[08:58] {esemde} it is indeed JJ
[08:58] {esemde} morning
[08:59] {peterg} vad: whats JBD/DBI 5 on intellescan?
[08:59] {esemde} gonna follow you all for a little bit then it's off to a place called Rushing River....great swiming hole
[08:59] {Threei} I love the place ese
[08:59] {Threei} been there several times
[09:00] {esemde} been along time for me Vad maybe 30 some years
[09:00] {Threei} peter, don't remember honestly... gotta look into configuration to remember what it aims for... it's a very active window, trend following setup
[09:01] {Threei} usually produces some alerts even when everything else is dead
[09:01] {peterg} just trying to distinguish it from regular DBI and JBE
[09:01] {Threei} it takes into considerations several days of consolidation
[09:01] {Threei} (if I remember correct)
[09:01] {Threei} regular JBE/DBI is pure intraday chart formation
[09:02] {peterg} ok
[09:02] {peterg} tks
[09:02] {Threei} best way to evaluate it is to watch its alerts for a while, look at the charts
[09:03] {Threei} see if it produces configurations you like
[09:03] {Threei} for inner mechanics of it just go to Configuration and see which alerts and parameters are there
[09:03] {peterg} I think it's optimistic to think one (this one) can become trader in one year
[09:04] {Threei} well... define "becoming a trader"
[09:04] {peterg} yeah---
[09:04] {peterg} greater confidence,
[09:04] {Threei} I know people who made it to consistency in less than one year
[09:04] {Threei} and I know people who never made it
[09:05] {peterg} ok ill stop complaining & get to work
[09:05] {Threei} what I don't know is people who became consistently profitable from the get go
[09:05] {Threei} or in a month-two
[09:05] {Threei} just doesn't happen
[09:06] {peterg} I joined trading room when I recognized I had no idea what I was doing
[09:06] {Threei} always was amazed seeing those who tried for a month or two, then said "it can't be done" and abandoned it
[09:06] {Threei} as if it was some easy gig, not a profession
[09:07] {Threei} well, after following the room for couple months, do you feel you gained in understanding?
[09:07] {peterg} yep, that is fantasy #1
[09:07] {peterg} yes to question; beginning of idea of understanding
[09:07] {peterg} feel at the base of large mountain
[09:07] {Threei} then things progress in right direction
[09:07] {peterg} I think so
[09:08] {Threei} some find it impossible to overcome inner resistance to the very approach we preach
[09:08] {Threei} their idea of "market can be figured out" makes them uncomfortable with our idea of
[09:08] {Threei} "it can't, and for successful trading it doesn't to"
[09:09] {Threei} doesn't have to
[09:09] {Threei} so they go on trying to find absoulte formula for success
[09:09] {Threei} where they will be able to know exactly what happens next
[09:09] {cosmo} baseball cards?
[09:09] {Threei} have no losing trades
[09:10] {peterg} Yes, it would be nice to be a genius and know everything in advance, the Einstein of it all.
[09:10] {Threei} winning all the money in da world
[09:10] {peterg} and baseball cards
[09:11] {Threei} it's so tempting to think that if you found some numbers on internet showing how muchg of demand there is and how much supply there is, you know where the price is going to move
[09:11] {Threei} false comfort of "knowing"... like siren song
[09:12] {Threei} never what it promises to be yet not many avoided its irresistible temptation
[09:12] {peterg} that is why people are piling into SATC?
[09:12] {Threei} it had news :)
[09:12] {dino} gm all
[09:12] {Threei} [08:37] {Threei} SATC
[09:12] {Threei} [08:37] {Threei} EXPANDING MANUFACTURING CAPACITY IN THE 2H 2008
[09:12] {Threei} dino :)
[09:13] {cosmo} JAVA
[09:13] {fernp} Good morning
[09:13] {Threei} fern :)
[09:13] {magoo} morning
[09:14] {cosmo} Java = Sun offers upbeat Q4 forecast
[09:14] {Threei} magoo :)
[09:14] {cosmo} JAVA that is
[09:15] {pita} morning all
[09:15] {Threei} JUNE INDUSTRIAL PRODUCTION: 0.5% V 0.1%E; CAPACITY UTILIZATION: 79.9% V 79.4%E
[09:15] {dptl} good morning all
[09:15] {Threei} pita :)
[09:15] {Threei} dp :)
[09:16] {dino} and all is well in the world today i see
[09:16] {Threei} for the next 15 minutes at least
[09:17] {brian3579} gm all
[09:19] {Threei} brian :)
[09:23] {dino} gm brian
[09:32] {Threei} JASO half lot long .90 break
[09:32] {Threei} if stays above .70
[09:33] {magoo} in .89
[09:34] {Threei} SOLF half lot long .90 break if stays above .80
[09:35] {magoo} in solf .90
[09:35] {magoo} in csiq .99
[09:37] {magoo} csiq stopped -.30
[09:37] {Threei} no go JASO
[09:37] {magoo} no go solars is what happened
[09:37] {Threei} or rinse
[09:39] {patience} out TD, +.39
[09:39] {Threei} NUAN
[09:39] {Threei} .32 break long
[09:39] {Threei} if stays above .20
[09:42] {Threei} VNDA??
[09:43] {Threei} anyone sees news?
[09:44] {fernp} nothing here
[09:44] {hawkfan4} nope
[09:44] {Threei} someone leaned on buy button accidentally then...
[09:44] {cosmo} CWTR salmon
[09:44] {Threei} or hyped somewhere
[09:44] {cosmo} 6.05 ladder
[09:44] {Threei} 50 cents spike on $3 stock
[09:46] {Threei} NUAN over 1:1
[09:46] {Threei} while market is dropping
[09:46] {cosmo} CWTR needs to hold 5.95 imo
[09:47] {Threei} SQNM will never stop?
[09:47] {Threei} goes to infinity?
[09:47] {hawkfan4} and beyond
06[09:48] * Threei puts short order at Beyond
[09:49] {Threei} half out NUAN
[09:49] {Threei} .54
[09:49] {peterg} interesting-i chickened out of NUAN before the jump
[09:50] {peterg} did not letprofit run
[09:50] {pita} me too
[09:50] {Threei} well, letting profits run is not an universal proposition
[09:51] {Threei} it's just that in this case NUAN acts as salmon
[09:51] {Threei} which made me hold on for more
[09:51] {peterg} yum yum
[09:51] {peterg} up salmon ladder
[09:51] {Threei} coho
[09:51] {Threei} (not a stock symbol)
[09:52] {cosmo} cwtr
[09:52] {Threei} offering 1/4 more at .69
[09:52] {Threei} stop at b/e
[09:53] {dino} v sm l .15
[09:53] {Threei} FNM
[09:53] {Threei} TICKING HIGHER, HEARING UPGRADED TO NEUTRAL FROM SELL RATING AT GOLDMAN SACHS (TIMING UNCERTAIN)
[09:53] {Threei} Goldman feels especially generous today?
[09:54] {Threei} upgrading all kinds of crap
[09:54] {Threei} WHITE HOUSE: BUSH HAS CONFIDENCE IN BERNANKE
[09:54] {Threei} "good job bernie"?
[09:55] {hawkfan4} lol
[09:55] {dino} rimm sm l .75
[09:57] {dino} gs being investigated for shorting fnm, fre, so hey, lets upgrade it for the gov't
[10:02] {Threei} out NUAN in full
[10:02] {Threei} .86 last portion
[10:03] {Threei} +.52
[10:03] {Threei} (took me a while to calculate)
[10:03] {Threei} JASO rinsed us
[10:04] {Threei} FED'S BERNANKE: REITERATES THAT UPSIDE RISKS TO INFLATION HAVE INTENSIFIED, SEES SIGNIFICANT DOWNSIDE RISKS TO GROWTH, CONSUMER SPENDING LIKELY TO BE RESTRAINED OVER COMING QUARTERS
[10:04] {Threei} - Note that Bernanke's comments this morning are the same as those offered yesterday.
[10:05] {Threei} FNM, want long on pullback to 8.20 area
[10:05] {Threei} FRE 6.10 area
[10:11] {Threei} in FNM
[10:11] {Threei} stop under 8
[10:14] {Threei} half out .25 +.13
[10:15] {Threei} stop to 8.05
[10:15] {Threei} out
[10:27] {dino} sm l rick .33
[10:31] {Threei} SQNM... told ya... to the moon
[10:31] {magoo} did u take it?
[10:31] {Threei} nope
[10:35] {Threei} DOE CRUDE: +5.1M V -2ME;
[10:35] {Threei} GASOLINE: +2.4M V -100KE; DISTILLATES: +3.2M V +1.8ME;
[10:36] {Threei} mama mia
[10:36] {Threei} look oil
[10:38] {hawkfan4} it's a beautiful thing
[10:38] {Threei} UAUA skyrocketed
[10:39] {dino} v out .95, +.75
[10:39] {dino} opps +.80
[10:40] {hawkfan4} airline stocks are flying
[10:40] {dino} good one
[10:41] {Chaeron} Good morning everyone... nice on that last trade dino
[10:41] {Threei} chaeron :)
[10:41] {hawkfan4} thank you, i'll be here all week
[10:50] {dino} ty chaer
[10:56] {GeoArb} anyone playing grmn?
[10:57] {dino} n
[10:57] {GeoArb} nice jbe
[11:02] {dino} what did you call me
[11:02] {Threei} lol
[11:03] {Threei} pita, look dcc please
[11:08] {GeoArb} anyone take grmn?
[11:11] {dino} fitb
[11:13] {dino} wow destroying oil, gas, and drillers
[11:20] {dino} rimm stopped .71, .96
[11:21] {magoo} nice
[11:22] {dino} ty
[11:25] {dino} csgp
[11:34] {magoo} vad, is it slow out there or just me?
[11:35] {Threei} very
[11:35] {Threei} market is trying to sort oil out
[11:36] {Threei} even financials took backseat for now
[11:36] {Threei} major question become, will oil rebound or down is its major theme now
[11:36] {GeoArb} thank you all..... off to work... GRMN was the billpayer today :)
[11:36] {Threei} wtg geo
[11:36] {Threei} love to see your progress
[11:37] {GeoArb} thanks
[11:37] {Threei} amazing what a few short months can accomplish
[11:37] {GeoArb} well did take the superlicous secret accelerated class
[11:38] {Threei} lol
[11:39] {Chaeron} "superlicious"?
[11:39] {GeoArb} i am just hungry
[11:40] {GeoArb} and off course grmn went another 80 cens after exit
[11:43] {dino} gj geo
[11:45] {magoo} nice geo..slap??
[11:45] {GeoArb} nah... nothing like yesterday
[11:46] {GeoArb} only 486
[11:46] {Threei} cry me a river
[11:46] {GeoArb} lol]
[11:46] {GeoArb} that was bait
[11:47] {Threei} FED'S BERNANKE: BETTER FOR USD AND US PROSPERITY IF MORE OIL WERE PRODUCED DOMESTICALLY, A 1% INCREASE IN OIL SUPPLY COULD CUT OIL PRICES BY 10%
[11:47] {Threei} gosh, let's drill already
[11:48] {Chaeron} so a 10% increase would cut....?
[11:48] {Threei} 100% of course
[11:48] {Chaeron} FREE GAS TO EVERYONE!!!!
[11:48] {Threei} free oil in every pot
06[11:48] * Threei prepares 3 pots
[11:55] {Threei} UAUA... maybe bounce time with oil retreating again
[11:55] {Threei} just a scalp
[12:18] {Threei} feel free to take UAUA scalp
[12:20] {Threei} any takers?
06[12:21] * Threei prepares to remove himself to remote mountain monastery for 2 years of intense navel-gazing
[12:21] {hawkfan4} i did, thx vad :) half sleeping
[12:22] {dino} i hope it's not your navel your gazing at
[12:24] {Threei} hawk :)
[12:24] {Threei} I think monastery provides navels for gazing dino
[12:27] {Threei} be back in 30 min, got little errand to run
06[12:47] * Chaeron slaps laserdave1 around a bit with a large trout
[13:02] {Threei} back
[13:02] {magoo} missed ya
[13:02] {Threei} didn't miss much I see
06[13:02] * Threei slaps laserdave1 around a bit with a large trout
[13:03] {Threei} *JULY NAHB HOUSING MARKET INDEX: 16 V 18E, A RECORD LOW FOR INDEX
[13:05] {dino} cedc sm l .08
[13:05] {dino} brb
[13:18] {peterg} was there any way to have read RIMM today for long?
[13:18] {Threei} in most cases RIMM is market follower
[13:19] {Threei} long rwead on market takes you to RIMM as trading candidate 9 times out of 10
[13:19] {peterg} so no volume/price read
[13:19] {Threei} the best case is when you get read on the market and RIMM has its own readable trigger
[13:20] {Threei} remember yesterday's call on RIMM?
[13:20] {Threei} when I said I feel market was ready to charge
[13:20] {peterg} yes
[13:20] {Threei} and gave exact entry on RIMM
[13:20] {Threei} it had clear resistance level
[13:20] {Threei} that indicated upward if broken
[13:20] {Threei} at the same time answering question on AAPL I said
[13:21] {Threei} it will follow the market but it has no own merit
[13:21] {Threei} that was exactly what transpired:
[13:21] {Threei} RIMM went off its trigger, AAPL just went with market
[13:21] {Threei} so, today's RIMM hart is like AAPL yesterday
[13:21] {Threei} followed market but had no its own formation to go of
[13:22] {Threei} it doesn't mean those are untradable,
[13:22] {Threei} they are,
[13:22] {Threei} you just need to go with them as you gain a feel for how they move with market
[13:22] {Threei} I don't have anything to call them of
[13:22] {Threei} and there is no need really,
[13:22] {Threei} market goes, they go
[13:23] {peterg} market followers
[13:23] {Threei} sheep
[13:36] {dino} cedc stopped -.40
[13:37] {laserdave1} hey guys
06[13:38] * magoo slaps laserdave1 around a bit with a large trout
[13:38] {laserdave1} aapl acting a bit funny here
[13:38] {magoo} up or down?
[13:38] {laserdave1} it was strong relative to market but now buyer looks like he dissapeared
[13:38] {laserdave1} so now no call
[13:39] {laserdave1} market might roll over as well
[13:39] {laserdave1} going to keep an eye on it
[13:42] {laserdave1} have been piecing out of my long
[13:42] {laserdave1} starting to look so random again
[13:42] {laserdave1} will probably just follow the market
[13:42] {magoo} rimm seems stronger
[13:42] {laserdave1} sorry for the false alarm
06[13:42] * Threei slaps laserdave1 around a bit with a large trout
[13:44] {laserdave1} wow mags
[13:44] {laserdave1} thats stock is a bit crazy as well
[13:44] {laserdave1} i have no comment on where its going
[13:44] {laserdave1} chart looks strong
[13:45] {laserdave1} i am just ready for amove into the close in the markets
[13:45] {magoo} scalpin here....long rimm .14 just now
[13:45] {magoo} waiting .47
[13:50] {laserdave1} rimm is strong relative to market
[13:50] {laserdave1} stil have no call
[13:50] {laserdave1} but market goign down
[13:50] {laserdave1} and its going up
[13:50] {magoo} OUT
[13:51] {magoo} .47
[13:51] {laserdave1} i jsut got in
[13:51] {Chaeron} nice one magoo
[13:51] {laserdave1} woop 200 shres
[13:51] {laserdave1} long at .40
[13:51] {magoo} bought m,ine ??lol
[13:51] {laserdave1} ha
[13:51] {laserdave1} maybe
[13:51] {laserdave1} im out now
[13:51] {laserdave1} .69
[13:51] {laserdave1} woop
[13:51] {laserdave1} ty mags
[13:51] {laserdave1} quick 60$
[13:52] {peterg} took phone call missed all the fun
[13:52] {laserdave1} nice to take it real fast with this beast
[13:52] {laserdave1} stock can get so carazy
[13:53] {magoo} l aapl here .41
[13:54] {magoo} waiting .74
[13:54] {magoo} out here
[13:55] {magoo} +.33
[13:56] {Chaeron} nice job guys
[13:58] {laserdave1} ya nice one mags
[13:58] {laserdave1} i didnt get your aapl
[13:59] {laserdave1} will keep an eye on Rimm
[13:59] {laserdave1} see if it can break 110 today
[13:59] {magoo} fyi...i am only doing 300 400 shares on these....stop i 200 bux down{wide to avoid rinse} and scalping quick
[14:00] {Threei} MINUTES OF THE JUNE 25 FOMC MEETING: FAVORED RATE RISE VERY SOON
[14:00] {Threei} fomc on wires, be careful
[14:00] {Threei} market is very sensitive to news
[14:01] {dino} risky, sm s cpla .94
[14:01] {Threei} GROWTH RISKS DIMISHING, INFLATION RISKS RISING
[14:02] {Threei} FED'S HOENIG: IMPORTANT TO REMOVE MONETARY POLICY ACCOMIDATION IN GOOD TIME, FED TAKES ITS DUAL MANDATE
[14:02] {Threei} SERIOUSLY
[14:02] {Threei} - Notes current policy raises risk of higher inflation, more concerned with inflation than previously
[14:02] {Threei} - Growth risks still 'tilted' to downside, Monutues signal no change in rates in the near term
[14:02] {Threei} - Fed's Fisher was concerned about business plans abilities to pass through input prices and the effects on inflatio
[14:07] {laserdave1} rimm
[14:07] {laserdave1} crazy
[14:07] {magoo} careful though cause usually follows mkt
[14:07] {magoo} stronger today
[14:07] {magoo} if mkt tanks aapl, rimm, bidu all will follow
[14:08] {magoo} qqqq chart looks scary here
[14:08] {laserdave1} qqqq is scary
[14:08] {laserdave1} if market turns up rimm will explode
[14:09] {laserdave1} but qqqq does look ugly
[14:12] {laserdave1} im all out now
[14:12] {laserdave1} dang
[14:12] {laserdave1} wanted a big one
[14:12] {laserdave1} when it stalled ddint want to take chance
[14:12] {laserdave1} now its ripping
[14:12] {laserdave1} still good trade
[14:12] {magoo} long aapl
[14:12] {laserdave1} but...........
[14:12] {magoo} it should catch up
[14:12] {magoo} .75
[14:13] {Threei} LEH, worth a try long on pullback
[14:13] {Threei} .15 closest support
[14:14] {Threei} - Concerned about leaving rates low for too long. Current policy is raising the risk of higher inflation.
[14:14] {Threei} - Rate policy must "walk a fine line" between encouraging growth and discouraging inflation. If rates stay above 2% for too long, inflation will build.
[14:14] {Threei} - High commodity prices contribute to inflation in a situation where policy is accommodative.
[14:14] {Threei} - The sizable decline in the dollar is helping the US avoid recession, may avoid recession completely. USD decline has stimulated a boom in exports.
[14:14] {Threei} - The US is not repeating the mistakes of the 1970s, but notes today's situation is different, especially since inflation expecations are anchored.
[14:14] {Threei} - Expects both headline and core inflation to rise over the coming months. Fed must monitor inflation and inflation expectations closely.
[14:14] {Threei} - Sees GDP growth of 1-1.5% in 2H, expects Q3 growth will be helped by the fiscal stimulus, sees noticable softening in Q4.
[14:14] {Threei} - Asserts that the Fed takes its mandate very seriously, will maintain a stale economy and low inflation.
[14:15] {magoo} aapl 171 plus easy
[14:16] {magoo} out here .17
[14:16] {laserdave1} very nice
[14:16] {magoo} plus .42
[14:16] {laserdave1} was gonna pound oos for a quickie
[14:16] {laserdave1} missed it
[14:16] {laserdave1} nice trade
[14:17] {magoo} huh?
[14:17] {laserdave1} was talking your aapl
[14:17] {laserdave1} u called it
[14:17] {magoo} when?
[14:17] {laserdave1} was going to pound in at 00s
[14:17] {laserdave1} well u said 171 easy
[14:17] {magoo} he he
[14:17] {laserdave1} so i put it on radar
[14:17] {laserdave1} would of been out already
[14:17] {laserdave1} for tha leg up
[14:17] {laserdave1} they took offer really fast
[14:17] {magoo} 14:12] {magoo} long aapl
[14:17] {magoo} [14:12] {laserdave1} but...........
[14:17] {magoo} [14:12] {magoo} it should catch up
[14:17] {magoo} [14:12] {magoo} .75
[14:17] {magoo} [14:13] {Threei} LEH, w
[14:18] {laserdave1} ya Vad i had bid in on LEH but it did not pull back enough
[14:18] {laserdave1} your right now its moving
[14:18] {laserdave1} man lots of $$ oout here
[14:18] {Threei} .23 was the best chance
[14:18] {laserdave1} ya i was at .16
[14:19] {laserdave1} then moved up to .21 when i saw mass bid at .20
[14:19] {Threei} too optimistic
[14:19] {laserdave1} but no love
[14:19] {laserdave1} market so crazy
[14:20] {magoo} thats the pronblem
[14:20] {laserdave1} a bit ago rmemaber it looked like it was going to roll over
[14:20] {laserdave1} and then they ram it to new highs
[14:20] {laserdave1} thats why i like the real quick scalps
[14:20] {magoo} usually i'd let aapl run cause felt it had more..but mkts been brutal..want my 100 bux
[14:20] {laserdave1} i hear ya there
[14:21] {magoo} see..if IF mkt continues into bell aapl probably 173
[14:21] {magoo} NOT A TRADE..but feeling
[14:22] {laserdave1} Vad your LEH hit .55
[14:22] {laserdave1} wow
[14:23] {magoo} nice having u here with trade ideas dave:)
[14:23] {laserdave1} :)
[14:23] {Chaeron} I agree magoo
[14:25] {magoo} miss the big guy he he
[14:26] {magoo} 172 comith
[14:26] {magoo} in .75
[14:26] {magoo} risky
[14:28] {magoo} no go..mkt killed it
[14:30] {Threei} hate to look at JASO and SOLF
[14:30] {Threei} both rinsed us then proceeded tio highs
[14:30] {laserdave1} watching rimm for break of 111
[14:31] {laserdave1} will only get in on the break
[14:31] {laserdave1} not now
[14:31] {laserdave1} if u like jaso on a pullback at some point Vad please let us know
[14:34] {laserdave1} trying to sell .19
[14:34] {laserdave1} oout
[14:34] {magoo} i went but missed 111
[14:34] {laserdave1} that was rimm on that break
[14:34] {laserdave1} couldnt type happened so fast
[14:35] {laserdave1} ya it went fast mags
[14:37] {magoo} good fill u had......what platform u use ?
[14:37] {magoo} he he
[14:37] {Threei} lol
[14:37] {Threei} look at LEH go
[14:37] {Threei} and dave saved 2 cents
[14:39] {laserdave1} haha nice one mags :)
[14:39] {dino} cpla stopped bad short
[14:40] {magoo} aapl 172 comith risku
[14:43] {magoo} out here .17, + 42
[14:43] {magoo} dam..wish i wasn't scalpin
[14:43] {magoo} anyone following my calls?
[14:44] {magoo} very fast like vads says
[14:44] {Threei} I don't say anything fast... I like to pretend I think as I speak
[14:44] {Threei} so I talk slowly
[14:45] {Threei} (gives me a chance to take a nap between words, too)
[14:45] {cosmo} ah ... like Hitchcock...
[14:46] {cosmo} alfred
[14:46] {Threei} {--- pretending to think
[14:46] {Threei} yes
[14:46] {magoo} hes more like BORAT
[14:46] {cosmo} of course
[14:46] {Threei} like him
[14:46] {Threei} and no
[14:46] {Threei} not like that one
06[14:46] * magoo slaps patience around a bit with a large trout
[14:47] {cosmo} sometimes this keyboard is my saving grace
[14:47] {cosmo} i have time to think
[14:47] {Threei} how?
[14:47] {Threei} ah
[14:47] {magoo} scary QQQQ here again
[14:47] {cosmo} makes for better office politics
[14:48] {magoo} to sell off into last hour seems to easy
[14:48] {magoo} thats what has been happenning
[14:48] {magoo} feels diferent today
[14:48] {Threei} true
[14:49] {Threei} I still reserve judgement for another 15 min or so
[14:49] {Threei} but so far, I agree with you
[14:49] {cosmo} i say 40
[14:49] {magoo} then let me know BORAT
[14:49] {Threei} I'll have to edit this crap out, you know
[14:50] {Threei} soooo... stop adding after-hours work for me please
[14:50] {cosmo} oh wait... thats for capitulations....yeah , anytime now is fine
[14:51] {Threei} COX STATING ON CNBC THAT NAKED SHORT-SELLING NOT ALWAYS ILLEGAL. APPLYING NEW RULE FOR SPECIFIC FINANCIAL STOCKS IN 5 DAYS.
[14:51] {Threei} - says short sale rule will give investors confidence and that the emergency rule will not be a burden on the system
[14:51] {Threei} - notes it will apply to only 17 financial stocks beginning 5 days from now; reiterates the new rule will be in effect for 30 days and SEC will look into whether its appropriate to expand the rule marketwide
[14:52] {cosmo} there's certain beaches where they have it
[14:52] {Threei} FRE is fighting for new highs
[14:53] {Threei} 6.40 closest support
[14:53] {laserdave1} lol cosmo
[14:53] {Threei} watching for entry for bounce scalp
[14:54] {Threei} dave just assured me he has no plans to implement anylimitations on naked shorting, mnostly because it's largely uneforcable
[14:54] {laserdave1} in .41 Vadd
[14:54] {laserdave1} selling .47
[14:54] {Threei} he has no means to control what we wear
[14:54] {laserdave1} didnt get it
[14:54] {laserdave1} out
[14:55] {laserdave1} ty
[14:55] {Threei} tajust take it here with stop under .40
[14:55] {Threei} oh, good
[14:55] {laserdave1} quick 60
[14:55] {laserdave1} ty
[14:55] {Raven} 3 {}
[14:55] {Threei} I thought you haven't gotten in
[14:55] {laserdave1} coulda held for more
[14:55] {laserdave1} no i got it
[14:55] {laserdave1} coulda had more
[14:55] {laserdave1} should of asked u about exit
[14:55] {laserdave1} still happy
[14:56] {dino} wow ma
[14:56] {laserdave1} today good day
[14:56] {dino} should've held that v from a.m.
[14:56] {Threei} I missed .41 while talking to you, took it higher... but got better exit
[14:56] {laserdave1} and i mean when your getting good ol loving from Vad......who could ask for more?
[14:56] {laserdave1} nice
[14:56] {cosmo} btw, naked shorting should be ok until our monitors 'must' look back
[14:57] {magoo} i ask for mmore all the time, right vad??
[14:57] {magoo} feeling more like 173 today, not in....yet
[14:57] {Threei} yes but it doesn't bother me much ever since I learned to ignore you {GG}
[14:58] {Threei} .40 worked like charm for FRE
[14:58] {Threei} hit it precisely andf bounced right on cue
[14:58] {laserdave1} ya that was perfect entry
[15:00] {Raven} 3 keep calm cosmo :)
[15:01] {cosmo} i just lay low
[15:01] {Raven} 3 wise man
[15:01] {cosmo} especially during full moons
[15:01] {Raven} 3 ohmygod
[15:01] {cosmo} goddes
[15:01] {Raven} 3 yur killin' me
[15:06] {magoo} and im slappin u lol
06[15:06] * magoo slaps Raven around a bit with a large trout
[15:08] {dino} out rick .83 +.50 all day
[15:08] {Raven} 3 lol
[15:12] {Threei} wtg dino
[15:12] {Threei} 6.60 nearest FRE support now
[15:14] {Threei} in .58, just a small scalp
[15:15] {Threei} out
[15:15] {Threei} easy money
[15:20] {Threei} underestgimated its strength
06[15:26] * Threei slaps laserdave1 around a bit with a large trout
[15:26] {Threei} fix those charts will ya
[15:26] {magoo} all my chart servers down
[15:26] {magoo} anyone good?
[15:27] {GeoArb} i am always good
[15:27] {laserdave1} mine are fine
[15:27] {GeoArb} (boy)
[15:27] {laserdave1} try changeing them again
[15:28] {magoo} all bad
[15:28] {Threei} they restarted but no backfill
[15:29] {magoo} which one u using?
[15:29] {Threei} anyway... 7 break is very risky long FRE
[15:29] {magoo} in
[15:30] {laserdave1} mine went messed up
[15:30] {laserdave1} server 5 is good for me
[15:30] {Threei} nope
[15:30] {Threei} 5th shows 14:01 as last price
[15:30] {magoo} out .14 TY
[15:30] {Threei} take propfit mags
[15:30] {Threei} :)
[15:31] {magoo} .14 on halfer
[15:31] {magoo} nice easy button worthy
[15:31] {magoo} ok dave server
[15:33] {laserdave1} 5 had a stale chart
[15:33] {laserdave1} now on 3 and its perfect
[15:33] {Threei} 3's good
[15:33] {magoo} oh yes..3 good TY
[15:33] {laserdave1} np
[15:34] {dino} chk sm l .22
[15:40] {laserdave1} fre wants to go higher
[15:40] {laserdave1} wow
[15:41] {laserdave1} big size at the .25
[15:41] {laserdave1} if it takes it i will go long
[15:41] {laserdave1} taking last bits if i can time it
[15:41] {laserdave1} ubs showing 1866 there
[15:42] {dino} out chk .67, +.45
[15:42] {laserdave1} in
[15:42] {laserdave1} stop at .20
[15:42] {laserdave1} violence in this thing
[15:43] {laserdave1} selling .24 if i can
[15:43] {laserdave1} stopped
[15:43] {laserdave1} dang
[15:43] {laserdave1} the games
[15:43] {dino} the game, nothing quite the same
[15:43] {dino} all that matters is the game
[15:44] {cosmo} and the back office...
[15:45] {dino} magoooooooo, a beverage is needed, tee time in 45
[15:47] {dino} twislers are underrated
[15:47] {laserdave1} with the way FRE is trading
[15:47] {laserdave1} ya its needed
[15:47] {laserdave1} its called tequilla
[15:48] {dino} cabo or petrone
[15:48] {dino} cabo in my freezer
[15:51] {magoo} c'mon aapl...173 and vad gives magoo free month
[15:56] {dino} ok calling it a day, thx all, good one
[15:56] {Threei} thank you all
[15:56] {Threei} have a good evening
[15:56] {Threei} see you tomorrow
[15:56] {dptl} have a good evening all
[15:56] {hawkfan4} thanks all, good day
[15:57] {magoo} TY vad..good day here
[16:00] {laserdave1} c ya tomorrow guys
[16:00] {laserdave1} good day
[16:00] {laserdave1} :)
[16:00] {magoo} u gonna be in room more often dave??
[16:00] {magoo} help with ideas..get some from us
[08:27] {Threei} TO ISSUE NEW $3B 2-YEAR REFERENCE NOTES SECURITY, INCREASED 4.875% 10-YEAR USD REFERENCE NOTES SECURITY THAT MATURES ON JUNE 13, 2018, BY $1B
[08:37] {Threei} SATC
[08:37] {Threei} EXPANDING MANUFACTURING CAPACITY IN THE 2H 2008
[08:38] {Threei} *JUN CONSUMER PRICE INDEX M/M: 1.1% V 0.7%E; CPI EX FOOD_ENERGY M/M: 0.3% V 0.2%E; CPI NSA: 218.815 V 217.903E
[08:38] {Threei} - CPI y/y: 5.0% v 4.5%e, Highest since April 1991
[08:38] {Threei} - Core CPI y/y: 2.4% v 2.3%e
[08:42] {peterg} hi
[08:43] {Threei} good morning peter
[08:48] {esemde} good Ontario morning.......couple of more days on the lake and will be back with you all full time next week...how are ya????
[08:49] {Threei} good morning ese :)
[08:49] {esemde} vad}}}}!!!!!
[08:49] {Threei} we are good... unlike most summers, far from bored
[08:49] {esemde} pourqoi
[08:50] {Threei} now and then my darts hit target precisely and I do my best pretending it's my genius
[08:50] {Threei} (no one believes but what else is new)
[08:50] {peterg} dumped--im back
[08:50] {esemde} thats Ok Vad....I believe you!
[08:50] {Threei} :)
[08:50] {Threei} how's your vacation going?
[08:51] {esemde} great!!!!!! I realy miss lake of the woods...
[08:51] {Threei} mosquitos don't spoil it?
[08:52] {esemde} weather has not been all that great and the mosquitos have indeed been feasting on me
[08:52] {Threei} hate peaky creatures...
[08:53] {esemde} lots of family get togethers....thats has been really enjoyable.....it's also been very neat watching my kids play in all the places i used to play in whaen i was a kid
[08:54] {Threei} must be a blast :)
[08:54] {esemde} indeed!!!!!!
[08:58] {judijim} good morning all, hi to ese on vacation, sounds great
[08:58] {Threei} jj :)
[08:58] {esemde} it is indeed JJ
[08:58] {esemde} morning
[08:59] {peterg} vad: whats JBD/DBI 5 on intellescan?
[08:59] {esemde} gonna follow you all for a little bit then it's off to a place called Rushing River....great swiming hole
[08:59] {Threei} I love the place ese
[08:59] {Threei} been there several times
[09:00] {esemde} been along time for me Vad maybe 30 some years
[09:00] {Threei} peter, don't remember honestly... gotta look into configuration to remember what it aims for... it's a very active window, trend following setup
[09:01] {Threei} usually produces some alerts even when everything else is dead
[09:01] {peterg} just trying to distinguish it from regular DBI and JBE
[09:01] {Threei} it takes into considerations several days of consolidation
[09:01] {Threei} (if I remember correct)
[09:01] {Threei} regular JBE/DBI is pure intraday chart formation
[09:02] {peterg} ok
[09:02] {peterg} tks
[09:02] {Threei} best way to evaluate it is to watch its alerts for a while, look at the charts
[09:03] {Threei} see if it produces configurations you like
[09:03] {Threei} for inner mechanics of it just go to Configuration and see which alerts and parameters are there
[09:03] {peterg} I think it's optimistic to think one (this one) can become trader in one year
[09:04] {Threei} well... define "becoming a trader"
[09:04] {peterg} yeah---
[09:04] {peterg} greater confidence,
[09:04] {Threei} I know people who made it to consistency in less than one year
[09:04] {Threei} and I know people who never made it
[09:05] {peterg} ok ill stop complaining & get to work
[09:05] {Threei} what I don't know is people who became consistently profitable from the get go
[09:05] {Threei} or in a month-two
[09:05] {Threei} just doesn't happen
[09:06] {peterg} I joined trading room when I recognized I had no idea what I was doing
[09:06] {Threei} always was amazed seeing those who tried for a month or two, then said "it can't be done" and abandoned it
[09:06] {Threei} as if it was some easy gig, not a profession
[09:07] {Threei} well, after following the room for couple months, do you feel you gained in understanding?
[09:07] {peterg} yep, that is fantasy #1
[09:07] {peterg} yes to question; beginning of idea of understanding
[09:07] {peterg} feel at the base of large mountain
[09:07] {Threei} then things progress in right direction
[09:07] {peterg} I think so
[09:08] {Threei} some find it impossible to overcome inner resistance to the very approach we preach
[09:08] {Threei} their idea of "market can be figured out" makes them uncomfortable with our idea of
[09:08] {Threei} "it can't, and for successful trading it doesn't to"
[09:09] {Threei} doesn't have to
[09:09] {Threei} so they go on trying to find absoulte formula for success
[09:09] {Threei} where they will be able to know exactly what happens next
[09:09] {cosmo} baseball cards?
[09:09] {Threei} have no losing trades
[09:10] {peterg} Yes, it would be nice to be a genius and know everything in advance, the Einstein of it all.
[09:10] {Threei} winning all the money in da world
[09:10] {peterg} and baseball cards
[09:11] {Threei} it's so tempting to think that if you found some numbers on internet showing how muchg of demand there is and how much supply there is, you know where the price is going to move
[09:11] {Threei} false comfort of "knowing"... like siren song
[09:12] {Threei} never what it promises to be yet not many avoided its irresistible temptation
[09:12] {peterg} that is why people are piling into SATC?
[09:12] {Threei} it had news :)
[09:12] {dino} gm all
[09:12] {Threei} [08:37] {Threei} SATC
[09:12] {Threei} [08:37] {Threei} EXPANDING MANUFACTURING CAPACITY IN THE 2H 2008
[09:12] {Threei} dino :)
[09:13] {cosmo} JAVA
[09:13] {fernp} Good morning
[09:13] {Threei} fern :)
[09:13] {magoo} morning
[09:14] {cosmo} Java = Sun offers upbeat Q4 forecast
[09:14] {Threei} magoo :)
[09:14] {cosmo} JAVA that is
[09:15] {pita} morning all
[09:15] {Threei} JUNE INDUSTRIAL PRODUCTION: 0.5% V 0.1%E; CAPACITY UTILIZATION: 79.9% V 79.4%E
[09:15] {dptl} good morning all
[09:15] {Threei} pita :)
[09:15] {Threei} dp :)
[09:16] {dino} and all is well in the world today i see
[09:16] {Threei} for the next 15 minutes at least
[09:17] {brian3579} gm all
[09:19] {Threei} brian :)
[09:23] {dino} gm brian
[09:32] {Threei} JASO half lot long .90 break
[09:32] {Threei} if stays above .70
[09:33] {magoo} in .89
[09:34] {Threei} SOLF half lot long .90 break if stays above .80
[09:35] {magoo} in solf .90
[09:35] {magoo} in csiq .99
[09:37] {magoo} csiq stopped -.30
[09:37] {Threei} no go JASO
[09:37] {magoo} no go solars is what happened
[09:37] {Threei} or rinse
[09:39] {patience} out TD, +.39
[09:39] {Threei} NUAN
[09:39] {Threei} .32 break long
[09:39] {Threei} if stays above .20
[09:42] {Threei} VNDA??
[09:43] {Threei} anyone sees news?
[09:44] {fernp} nothing here
[09:44] {hawkfan4} nope
[09:44] {Threei} someone leaned on buy button accidentally then...
[09:44] {cosmo} CWTR salmon
[09:44] {Threei} or hyped somewhere
[09:44] {cosmo} 6.05 ladder
[09:44] {Threei} 50 cents spike on $3 stock
[09:46] {Threei} NUAN over 1:1
[09:46] {Threei} while market is dropping
[09:46] {cosmo} CWTR needs to hold 5.95 imo
[09:47] {Threei} SQNM will never stop?
[09:47] {Threei} goes to infinity?
[09:47] {hawkfan4} and beyond
06[09:48] * Threei puts short order at Beyond
[09:49] {Threei} half out NUAN
[09:49] {Threei} .54
[09:49] {peterg} interesting-i chickened out of NUAN before the jump
[09:50] {peterg} did not letprofit run
[09:50] {pita} me too
[09:50] {Threei} well, letting profits run is not an universal proposition
[09:51] {Threei} it's just that in this case NUAN acts as salmon
[09:51] {Threei} which made me hold on for more
[09:51] {peterg} yum yum
[09:51] {peterg} up salmon ladder
[09:51] {Threei} coho
[09:51] {Threei} (not a stock symbol)
[09:52] {cosmo} cwtr
[09:52] {Threei} offering 1/4 more at .69
[09:52] {Threei} stop at b/e
[09:53] {dino} v sm l .15
[09:53] {Threei} FNM
[09:53] {Threei} TICKING HIGHER, HEARING UPGRADED TO NEUTRAL FROM SELL RATING AT GOLDMAN SACHS (TIMING UNCERTAIN)
[09:53] {Threei} Goldman feels especially generous today?
[09:54] {Threei} upgrading all kinds of crap
[09:54] {Threei} WHITE HOUSE: BUSH HAS CONFIDENCE IN BERNANKE
[09:54] {Threei} "good job bernie"?
[09:55] {hawkfan4} lol
[09:55] {dino} rimm sm l .75
[09:57] {dino} gs being investigated for shorting fnm, fre, so hey, lets upgrade it for the gov't
[10:02] {Threei} out NUAN in full
[10:02] {Threei} .86 last portion
[10:03] {Threei} +.52
[10:03] {Threei} (took me a while to calculate)
[10:03] {Threei} JASO rinsed us
[10:04] {Threei} FED'S BERNANKE: REITERATES THAT UPSIDE RISKS TO INFLATION HAVE INTENSIFIED, SEES SIGNIFICANT DOWNSIDE RISKS TO GROWTH, CONSUMER SPENDING LIKELY TO BE RESTRAINED OVER COMING QUARTERS
[10:04] {Threei} - Note that Bernanke's comments this morning are the same as those offered yesterday.
[10:05] {Threei} FNM, want long on pullback to 8.20 area
[10:05] {Threei} FRE 6.10 area
[10:11] {Threei} in FNM
[10:11] {Threei} stop under 8
[10:14] {Threei} half out .25 +.13
[10:15] {Threei} stop to 8.05
[10:15] {Threei} out
[10:27] {dino} sm l rick .33
[10:31] {Threei} SQNM... told ya... to the moon
[10:31] {magoo} did u take it?
[10:31] {Threei} nope
[10:35] {Threei} DOE CRUDE: +5.1M V -2ME;
[10:35] {Threei} GASOLINE: +2.4M V -100KE; DISTILLATES: +3.2M V +1.8ME;
[10:36] {Threei} mama mia
[10:36] {Threei} look oil
[10:38] {hawkfan4} it's a beautiful thing
[10:38] {Threei} UAUA skyrocketed
[10:39] {dino} v out .95, +.75
[10:39] {dino} opps +.80
[10:40] {hawkfan4} airline stocks are flying
[10:40] {dino} good one
[10:41] {Chaeron} Good morning everyone... nice on that last trade dino
[10:41] {Threei} chaeron :)
[10:41] {hawkfan4} thank you, i'll be here all week
[10:50] {dino} ty chaer
[10:56] {GeoArb} anyone playing grmn?
[10:57] {dino} n
[10:57] {GeoArb} nice jbe
[11:02] {dino} what did you call me
[11:02] {Threei} lol
[11:03] {Threei} pita, look dcc please
[11:08] {GeoArb} anyone take grmn?
[11:11] {dino} fitb
[11:13] {dino} wow destroying oil, gas, and drillers
[11:20] {dino} rimm stopped .71, .96
[11:21] {magoo} nice
[11:22] {dino} ty
[11:25] {dino} csgp
[11:34] {magoo} vad, is it slow out there or just me?
[11:35] {Threei} very
[11:35] {Threei} market is trying to sort oil out
[11:36] {Threei} even financials took backseat for now
[11:36] {Threei} major question become, will oil rebound or down is its major theme now
[11:36] {GeoArb} thank you all..... off to work... GRMN was the billpayer today :)
[11:36] {Threei} wtg geo
[11:36] {Threei} love to see your progress
[11:37] {GeoArb} thanks
[11:37] {Threei} amazing what a few short months can accomplish
[11:37] {GeoArb} well did take the superlicous secret accelerated class
[11:38] {Threei} lol
[11:39] {Chaeron} "superlicious"?
[11:39] {GeoArb} i am just hungry
[11:40] {GeoArb} and off course grmn went another 80 cens after exit
[11:43] {dino} gj geo
[11:45] {magoo} nice geo..slap??
[11:45] {GeoArb} nah... nothing like yesterday
[11:46] {GeoArb} only 486
[11:46] {Threei} cry me a river
[11:46] {GeoArb} lol]
[11:46] {GeoArb} that was bait
[11:47] {Threei} FED'S BERNANKE: BETTER FOR USD AND US PROSPERITY IF MORE OIL WERE PRODUCED DOMESTICALLY, A 1% INCREASE IN OIL SUPPLY COULD CUT OIL PRICES BY 10%
[11:47] {Threei} gosh, let's drill already
[11:48] {Chaeron} so a 10% increase would cut....?
[11:48] {Threei} 100% of course
[11:48] {Chaeron} FREE GAS TO EVERYONE!!!!
[11:48] {Threei} free oil in every pot
06[11:48] * Threei prepares 3 pots
[11:55] {Threei} UAUA... maybe bounce time with oil retreating again
[11:55] {Threei} just a scalp
[12:18] {Threei} feel free to take UAUA scalp
[12:20] {Threei} any takers?
06[12:21] * Threei prepares to remove himself to remote mountain monastery for 2 years of intense navel-gazing
[12:21] {hawkfan4} i did, thx vad :) half sleeping
[12:22] {dino} i hope it's not your navel your gazing at
[12:24] {Threei} hawk :)
[12:24] {Threei} I think monastery provides navels for gazing dino
[12:27] {Threei} be back in 30 min, got little errand to run
06[12:47] * Chaeron slaps laserdave1 around a bit with a large trout
[13:02] {Threei} back
[13:02] {magoo} missed ya
[13:02] {Threei} didn't miss much I see
06[13:02] * Threei slaps laserdave1 around a bit with a large trout
[13:03] {Threei} *JULY NAHB HOUSING MARKET INDEX: 16 V 18E, A RECORD LOW FOR INDEX
[13:05] {dino} cedc sm l .08
[13:05] {dino} brb
[13:18] {peterg} was there any way to have read RIMM today for long?
[13:18] {Threei} in most cases RIMM is market follower
[13:19] {Threei} long rwead on market takes you to RIMM as trading candidate 9 times out of 10
[13:19] {peterg} so no volume/price read
[13:19] {Threei} the best case is when you get read on the market and RIMM has its own readable trigger
[13:20] {Threei} remember yesterday's call on RIMM?
[13:20] {Threei} when I said I feel market was ready to charge
[13:20] {peterg} yes
[13:20] {Threei} and gave exact entry on RIMM
[13:20] {Threei} it had clear resistance level
[13:20] {Threei} that indicated upward if broken
[13:20] {Threei} at the same time answering question on AAPL I said
[13:21] {Threei} it will follow the market but it has no own merit
[13:21] {Threei} that was exactly what transpired:
[13:21] {Threei} RIMM went off its trigger, AAPL just went with market
[13:21] {Threei} so, today's RIMM hart is like AAPL yesterday
[13:21] {Threei} followed market but had no its own formation to go of
[13:22] {Threei} it doesn't mean those are untradable,
[13:22] {Threei} they are,
[13:22] {Threei} you just need to go with them as you gain a feel for how they move with market
[13:22] {Threei} I don't have anything to call them of
[13:22] {Threei} and there is no need really,
[13:22] {Threei} market goes, they go
[13:23] {peterg} market followers
[13:23] {Threei} sheep
[13:36] {dino} cedc stopped -.40
[13:37] {laserdave1} hey guys
06[13:38] * magoo slaps laserdave1 around a bit with a large trout
[13:38] {laserdave1} aapl acting a bit funny here
[13:38] {magoo} up or down?
[13:38] {laserdave1} it was strong relative to market but now buyer looks like he dissapeared
[13:38] {laserdave1} so now no call
[13:39] {laserdave1} market might roll over as well
[13:39] {laserdave1} going to keep an eye on it
[13:42] {laserdave1} have been piecing out of my long
[13:42] {laserdave1} starting to look so random again
[13:42] {laserdave1} will probably just follow the market
[13:42] {magoo} rimm seems stronger
[13:42] {laserdave1} sorry for the false alarm
06[13:42] * Threei slaps laserdave1 around a bit with a large trout
[13:44] {laserdave1} wow mags
[13:44] {laserdave1} thats stock is a bit crazy as well
[13:44] {laserdave1} i have no comment on where its going
[13:44] {laserdave1} chart looks strong
[13:45] {laserdave1} i am just ready for amove into the close in the markets
[13:45] {magoo} scalpin here....long rimm .14 just now
[13:45] {magoo} waiting .47
[13:50] {laserdave1} rimm is strong relative to market
[13:50] {laserdave1} stil have no call
[13:50] {laserdave1} but market goign down
[13:50] {laserdave1} and its going up
[13:50] {magoo} OUT
[13:51] {magoo} .47
[13:51] {laserdave1} i jsut got in
[13:51] {Chaeron} nice one magoo
[13:51] {laserdave1} woop 200 shres
[13:51] {laserdave1} long at .40
[13:51] {magoo} bought m,ine ??lol
[13:51] {laserdave1} ha
[13:51] {laserdave1} maybe
[13:51] {laserdave1} im out now
[13:51] {laserdave1} .69
[13:51] {laserdave1} woop
[13:51] {laserdave1} ty mags
[13:51] {laserdave1} quick 60$
[13:52] {peterg} took phone call missed all the fun
[13:52] {laserdave1} nice to take it real fast with this beast
[13:52] {laserdave1} stock can get so carazy
[13:53] {magoo} l aapl here .41
[13:54] {magoo} waiting .74
[13:54] {magoo} out here
[13:55] {magoo} +.33
[13:56] {Chaeron} nice job guys
[13:58] {laserdave1} ya nice one mags
[13:58] {laserdave1} i didnt get your aapl
[13:59] {laserdave1} will keep an eye on Rimm
[13:59] {laserdave1} see if it can break 110 today
[13:59] {magoo} fyi...i am only doing 300 400 shares on these....stop i 200 bux down{wide to avoid rinse} and scalping quick
[14:00] {Threei} MINUTES OF THE JUNE 25 FOMC MEETING: FAVORED RATE RISE VERY SOON
[14:00] {Threei} fomc on wires, be careful
[14:00] {Threei} market is very sensitive to news
[14:01] {dino} risky, sm s cpla .94
[14:01] {Threei} GROWTH RISKS DIMISHING, INFLATION RISKS RISING
[14:02] {Threei} FED'S HOENIG: IMPORTANT TO REMOVE MONETARY POLICY ACCOMIDATION IN GOOD TIME, FED TAKES ITS DUAL MANDATE
[14:02] {Threei} SERIOUSLY
[14:02] {Threei} - Notes current policy raises risk of higher inflation, more concerned with inflation than previously
[14:02] {Threei} - Growth risks still 'tilted' to downside, Monutues signal no change in rates in the near term
[14:02] {Threei} - Fed's Fisher was concerned about business plans abilities to pass through input prices and the effects on inflatio
[14:07] {laserdave1} rimm
[14:07] {laserdave1} crazy
[14:07] {magoo} careful though cause usually follows mkt
[14:07] {magoo} stronger today
[14:07] {magoo} if mkt tanks aapl, rimm, bidu all will follow
[14:08] {magoo} qqqq chart looks scary here
[14:08] {laserdave1} qqqq is scary
[14:08] {laserdave1} if market turns up rimm will explode
[14:09] {laserdave1} but qqqq does look ugly
[14:12] {laserdave1} im all out now
[14:12] {laserdave1} dang
[14:12] {laserdave1} wanted a big one
[14:12] {laserdave1} when it stalled ddint want to take chance
[14:12] {laserdave1} now its ripping
[14:12] {laserdave1} still good trade
[14:12] {magoo} long aapl
[14:12] {laserdave1} but...........
[14:12] {magoo} it should catch up
[14:12] {magoo} .75
[14:13] {Threei} LEH, worth a try long on pullback
[14:13] {Threei} .15 closest support
[14:14] {Threei} - Concerned about leaving rates low for too long. Current policy is raising the risk of higher inflation.
[14:14] {Threei} - Rate policy must "walk a fine line" between encouraging growth and discouraging inflation. If rates stay above 2% for too long, inflation will build.
[14:14] {Threei} - High commodity prices contribute to inflation in a situation where policy is accommodative.
[14:14] {Threei} - The sizable decline in the dollar is helping the US avoid recession, may avoid recession completely. USD decline has stimulated a boom in exports.
[14:14] {Threei} - The US is not repeating the mistakes of the 1970s, but notes today's situation is different, especially since inflation expecations are anchored.
[14:14] {Threei} - Expects both headline and core inflation to rise over the coming months. Fed must monitor inflation and inflation expectations closely.
[14:14] {Threei} - Sees GDP growth of 1-1.5% in 2H, expects Q3 growth will be helped by the fiscal stimulus, sees noticable softening in Q4.
[14:14] {Threei} - Asserts that the Fed takes its mandate very seriously, will maintain a stale economy and low inflation.
[14:15] {magoo} aapl 171 plus easy
[14:16] {magoo} out here .17
[14:16] {laserdave1} very nice
[14:16] {magoo} plus .42
[14:16] {laserdave1} was gonna pound oos for a quickie
[14:16] {laserdave1} missed it
[14:16] {laserdave1} nice trade
[14:17] {magoo} huh?
[14:17] {laserdave1} was talking your aapl
[14:17] {laserdave1} u called it
[14:17] {magoo} when?
[14:17] {laserdave1} was going to pound in at 00s
[14:17] {laserdave1} well u said 171 easy
[14:17] {magoo} he he
[14:17] {laserdave1} so i put it on radar
[14:17] {laserdave1} would of been out already
[14:17] {laserdave1} for tha leg up
[14:17] {laserdave1} they took offer really fast
[14:17] {magoo} 14:12] {magoo} long aapl
[14:17] {magoo} [14:12] {laserdave1} but...........
[14:17] {magoo} [14:12] {magoo} it should catch up
[14:17] {magoo} [14:12] {magoo} .75
[14:17] {magoo} [14:13] {Threei} LEH, w
[14:18] {laserdave1} ya Vad i had bid in on LEH but it did not pull back enough
[14:18] {laserdave1} your right now its moving
[14:18] {laserdave1} man lots of $$ oout here
[14:18] {Threei} .23 was the best chance
[14:18] {laserdave1} ya i was at .16
[14:19] {laserdave1} then moved up to .21 when i saw mass bid at .20
[14:19] {Threei} too optimistic
[14:19] {laserdave1} but no love
[14:19] {laserdave1} market so crazy
[14:20] {magoo} thats the pronblem
[14:20] {laserdave1} a bit ago rmemaber it looked like it was going to roll over
[14:20] {laserdave1} and then they ram it to new highs
[14:20] {laserdave1} thats why i like the real quick scalps
[14:20] {magoo} usually i'd let aapl run cause felt it had more..but mkts been brutal..want my 100 bux
[14:20] {laserdave1} i hear ya there
[14:21] {magoo} see..if IF mkt continues into bell aapl probably 173
[14:21] {magoo} NOT A TRADE..but feeling
[14:22] {laserdave1} Vad your LEH hit .55
[14:22] {laserdave1} wow
[14:23] {magoo} nice having u here with trade ideas dave:)
[14:23] {laserdave1} :)
[14:23] {Chaeron} I agree magoo
[14:25] {magoo} miss the big guy he he
[14:26] {magoo} 172 comith
[14:26] {magoo} in .75
[14:26] {magoo} risky
[14:28] {magoo} no go..mkt killed it
[14:30] {Threei} hate to look at JASO and SOLF
[14:30] {Threei} both rinsed us then proceeded tio highs
[14:30] {laserdave1} watching rimm for break of 111
[14:31] {laserdave1} will only get in on the break
[14:31] {laserdave1} not now
[14:31] {laserdave1} if u like jaso on a pullback at some point Vad please let us know
[14:34] {laserdave1} trying to sell .19
[14:34] {laserdave1} oout
[14:34] {magoo} i went but missed 111
[14:34] {laserdave1} that was rimm on that break
[14:34] {laserdave1} couldnt type happened so fast
[14:35] {laserdave1} ya it went fast mags
[14:37] {magoo} good fill u had......what platform u use ?
[14:37] {magoo} he he
[14:37] {Threei} lol
[14:37] {Threei} look at LEH go
[14:37] {Threei} and dave saved 2 cents
[14:39] {laserdave1} haha nice one mags :)
[14:39] {dino} cpla stopped bad short
[14:40] {magoo} aapl 172 comith risku
[14:43] {magoo} out here .17, + 42
[14:43] {magoo} dam..wish i wasn't scalpin
[14:43] {magoo} anyone following my calls?
[14:44] {magoo} very fast like vads says
[14:44] {Threei} I don't say anything fast... I like to pretend I think as I speak
[14:44] {Threei} so I talk slowly
[14:45] {Threei} (gives me a chance to take a nap between words, too)
[14:45] {cosmo} ah ... like Hitchcock...
[14:46] {cosmo} alfred
[14:46] {Threei} {--- pretending to think
[14:46] {Threei} yes
[14:46] {magoo} hes more like BORAT
[14:46] {cosmo} of course
[14:46] {Threei} like him
[14:46] {Threei} and no
[14:46] {Threei} not like that one
06[14:46] * magoo slaps patience around a bit with a large trout
[14:47] {cosmo} sometimes this keyboard is my saving grace
[14:47] {cosmo} i have time to think
[14:47] {Threei} how?
[14:47] {Threei} ah
[14:47] {magoo} scary QQQQ here again
[14:47] {cosmo} makes for better office politics
[14:48] {magoo} to sell off into last hour seems to easy
[14:48] {magoo} thats what has been happenning
[14:48] {magoo} feels diferent today
[14:48] {Threei} true
[14:49] {Threei} I still reserve judgement for another 15 min or so
[14:49] {Threei} but so far, I agree with you
[14:49] {cosmo} i say 40
[14:49] {magoo} then let me know BORAT
[14:49] {Threei} I'll have to edit this crap out, you know
[14:50] {Threei} soooo... stop adding after-hours work for me please
[14:50] {cosmo} oh wait... thats for capitulations....yeah , anytime now is fine
[14:51] {Threei} COX STATING ON CNBC THAT NAKED SHORT-SELLING NOT ALWAYS ILLEGAL. APPLYING NEW RULE FOR SPECIFIC FINANCIAL STOCKS IN 5 DAYS.
[14:51] {Threei} - says short sale rule will give investors confidence and that the emergency rule will not be a burden on the system
[14:51] {Threei} - notes it will apply to only 17 financial stocks beginning 5 days from now; reiterates the new rule will be in effect for 30 days and SEC will look into whether its appropriate to expand the rule marketwide
[14:52] {cosmo} there's certain beaches where they have it
[14:52] {Threei} FRE is fighting for new highs
[14:53] {Threei} 6.40 closest support
[14:53] {laserdave1} lol cosmo
[14:53] {Threei} watching for entry for bounce scalp
[14:54] {Threei} dave just assured me he has no plans to implement anylimitations on naked shorting, mnostly because it's largely uneforcable
[14:54] {laserdave1} in .41 Vadd
[14:54] {laserdave1} selling .47
[14:54] {Threei} he has no means to control what we wear
[14:54] {laserdave1} didnt get it
[14:54] {laserdave1} out
[14:55] {laserdave1} ty
[14:55] {Threei} tajust take it here with stop under .40
[14:55] {Threei} oh, good
[14:55] {laserdave1} quick 60
[14:55] {laserdave1} ty
[14:55] {Raven} 3 {}
[14:55] {Threei} I thought you haven't gotten in
[14:55] {laserdave1} coulda held for more
[14:55] {laserdave1} no i got it
[14:55] {laserdave1} coulda had more
[14:55] {laserdave1} should of asked u about exit
[14:55] {laserdave1} still happy
[14:56] {dino} wow ma
[14:56] {laserdave1} today good day
[14:56] {dino} should've held that v from a.m.
[14:56] {Threei} I missed .41 while talking to you, took it higher... but got better exit
[14:56] {laserdave1} and i mean when your getting good ol loving from Vad......who could ask for more?
[14:56] {laserdave1} nice
[14:56] {cosmo} btw, naked shorting should be ok until our monitors 'must' look back
[14:57] {magoo} i ask for mmore all the time, right vad??
[14:57] {magoo} feeling more like 173 today, not in....yet
[14:57] {Threei} yes but it doesn't bother me much ever since I learned to ignore you {GG}
[14:58] {Threei} .40 worked like charm for FRE
[14:58] {Threei} hit it precisely andf bounced right on cue
[14:58] {laserdave1} ya that was perfect entry
[15:00] {Raven} 3 keep calm cosmo :)
[15:01] {cosmo} i just lay low
[15:01] {Raven} 3 wise man
[15:01] {cosmo} especially during full moons
[15:01] {Raven} 3 ohmygod
[15:01] {cosmo} goddes
[15:01] {Raven} 3 yur killin' me
[15:06] {magoo} and im slappin u lol
06[15:06] * magoo slaps Raven around a bit with a large trout
[15:08] {dino} out rick .83 +.50 all day
[15:08] {Raven} 3 lol
[15:12] {Threei} wtg dino
[15:12] {Threei} 6.60 nearest FRE support now
[15:14] {Threei} in .58, just a small scalp
[15:15] {Threei} out
[15:15] {Threei} easy money
[15:20] {Threei} underestgimated its strength
06[15:26] * Threei slaps laserdave1 around a bit with a large trout
[15:26] {Threei} fix those charts will ya
[15:26] {magoo} all my chart servers down
[15:26] {magoo} anyone good?
[15:27] {GeoArb} i am always good
[15:27] {laserdave1} mine are fine
[15:27] {GeoArb} (boy)
[15:27] {laserdave1} try changeing them again
[15:28] {magoo} all bad
[15:28] {Threei} they restarted but no backfill
[15:29] {magoo} which one u using?
[15:29] {Threei} anyway... 7 break is very risky long FRE
[15:29] {magoo} in
[15:30] {laserdave1} mine went messed up
[15:30] {laserdave1} server 5 is good for me
[15:30] {Threei} nope
[15:30] {Threei} 5th shows 14:01 as last price
[15:30] {magoo} out .14 TY
[15:30] {Threei} take propfit mags
[15:30] {Threei} :)
[15:31] {magoo} .14 on halfer
[15:31] {magoo} nice easy button worthy
[15:31] {magoo} ok dave server
[15:33] {laserdave1} 5 had a stale chart
[15:33] {laserdave1} now on 3 and its perfect
[15:33] {Threei} 3's good
[15:33] {magoo} oh yes..3 good TY
[15:33] {laserdave1} np
[15:34] {dino} chk sm l .22
[15:40] {laserdave1} fre wants to go higher
[15:40] {laserdave1} wow
[15:41] {laserdave1} big size at the .25
[15:41] {laserdave1} if it takes it i will go long
[15:41] {laserdave1} taking last bits if i can time it
[15:41] {laserdave1} ubs showing 1866 there
[15:42] {dino} out chk .67, +.45
[15:42] {laserdave1} in
[15:42] {laserdave1} stop at .20
[15:42] {laserdave1} violence in this thing
[15:43] {laserdave1} selling .24 if i can
[15:43] {laserdave1} stopped
[15:43] {laserdave1} dang
[15:43] {laserdave1} the games
[15:43] {dino} the game, nothing quite the same
[15:43] {dino} all that matters is the game
[15:44] {cosmo} and the back office...
[15:45] {dino} magoooooooo, a beverage is needed, tee time in 45
[15:47] {dino} twislers are underrated
[15:47] {laserdave1} with the way FRE is trading
[15:47] {laserdave1} ya its needed
[15:47] {laserdave1} its called tequilla
[15:48] {dino} cabo or petrone
[15:48] {dino} cabo in my freezer
[15:51] {magoo} c'mon aapl...173 and vad gives magoo free month
[15:56] {dino} ok calling it a day, thx all, good one
[15:56] {Threei} thank you all
[15:56] {Threei} have a good evening
[15:56] {Threei} see you tomorrow
[15:56] {dptl} have a good evening all
[15:56] {hawkfan4} thanks all, good day
[15:57] {magoo} TY vad..good day here
[16:00] {laserdave1} c ya tomorrow guys
[16:00] {laserdave1} good day
[16:00] {laserdave1} :)
[16:00] {magoo} u gonna be in room more often dave??
[16:00] {magoo} help with ideas..get some from us
