Jul 31 2008

Session Time: Thu Jul 31 00:00:00 2008
[08:04] {Threei} MA
[08:04] {Threei} REPORTS Q2 $2.11 V $2.02E, R $1.2B V $1.21BE
[08:04] {Threei} - Q2 Charge volume +15.7%{V AXP XLF TLT}
[08:11] {Threei} PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET
[08:11] {Threei} - Expectations for initial claims are 393K v prior release of 406K.
[08:11] {Threei} - Continuing claims seen at 3.150M v prior 3.017M.
[08:11] {Threei} PREVIEW: Q2 EMPLOYMENT COST INDEX EXPECTED AT 8:30AM
[08:11] {Threei} - consensus expectations at 0.7% v 0.7% last
[08:11] {Threei} PREVIEW: Q2 ADVANCED GDP ANNUALIZED AND PERSONAL CONSUMPTION DUE AT 8:30 AM
[08:11] {Threei} Consensus expectations:
[08:11] {Threei} - GDP Annualized: 2.3% v 1.0% prior
[08:11] {Threei} - Personal Consumption: 1.7% v 1.1% prior
[08:12] {Threei} PREVIEW: Q2 ADVANCED GDP PRICE INDEX AND CORE PCE Q/Q DUE AT 8:30 AM
[08:12] {Threei} Consensus expectations:
[08:12] {Threei} - GDP Price Index: 2.4% v 2.7% last
[08:12] {Threei} - Core PCE Q/Q: 2.0% v 2.3% last
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 448K V 393KE;
[08:30] {Threei} CONTINUING CLAIMS: 3.282M V 3.150ME
[08:30] {Threei} - Prior Jobless Claims revised from 406K to 404K
[08:30] {Threei} Q2 ADVANCED GDP ANNUALIZED: 1.9% V 2.3%E; PERSONAL CONSUMPTION: 1.5% V 1.7%E
[08:31] {Threei} Q2 ADVANCED GDP PRICE INDEX: 1.2% V 2.4%E; CORE PCE Q/Q: 2.1% V 2.0%E
[08:56] {judijim} good morning all
[08:56] {Threei} Good morning
[09:08] {dptl} good morning all
[09:10] {Threei} dp :)
[09:13] {fernp} Good morning RT
[09:14] {Threei} fern :)
[09:16] {magoo} .,d.,jl,srgjlkj.ksadjl
[09:16] {Threei} lkf0578y7ngksyl?
[09:17] {cosmo} HOLX takes back 19 fwiw
[09:18] {cosmo} ...should hold 19 imo
[09:18] {magoo} so jiobs number stinx eh?
[09:18] {Threei} sure does
[09:19] {Threei} so let's rally
[09:19] {Threei} bad is new good, have you heard?
[09:19] {cosmo} bad is no good i thot
[09:19] {Threei} that's canceled
[09:20] {cosmo} oh
[09:22] {cosmo} HOLX is bad
[09:27] {tomg} gm all
[09:27] {Threei} tom :)
[09:27] {magoo} what u watchin vad?
[09:27] {Threei} so far usual suspects
[09:31] {magoo} are we down 108?
[09:31] {Threei} 115
[09:37] {peterg} gm group
[09:37] {Threei} peter :)
[09:37] {magoo} sheesh..fslr peaked after bell 311..
[09:37] {magoo} gave aallback
[09:37] {Threei} FNM
[09:37] {Threei} .61 long
[09:37] {Threei} .45 stop
[09:37] {magoo} in .58
[09:38] {magoo} l aapl .50
[09:40] {Threei} stop to .49
[09:41] {magoo} vad, rimm sh scalp?look
[09:41] {Threei} no read on a short side
[09:41] {Threei} no setup
[09:41] {magoo} well..will breathe
[09:41] {Threei} I don't short just because it's up a lot
[09:42] {Threei} will, of course,... but how do you tell from where?
[09:42] {magoo} a red candle is coming
[09:42] {magoo} out aaple .24 here
[09:42] {magoo} +.74
[09:42] {Threei} full buck up while we exchange
[09:43] {Threei} stop to .55 FNM
[09:43] {cosmo} HOLX wants 20 hod
[09:43] {Threei} don't want to wait too long for it to work
[09:43] {lars} nice job aapl magoo :)
[09:43] {Threei} market moves, either FNM follows or let's limit our risk
[09:44] {magoo} lars...if play aapl rimm small shares like 300 - 500 ok?
[09:44] {magoo} minus 200 bux is standard stop i use
[09:44] {lars} understood thx
[09:45] {Threei} SYMC
[09:45] {magoo} little room to avoid rinse..small shares to control risk
[09:45] {Threei} 21 break long
[09:45] {Threei} JULY CHICAGO PURCHASING MANAGER'S INDEX: 50.8 V 49.0E
[09:45] {magoo} in
[09:45] {magoo} .99
[09:45] {Threei} .89 stop
[09:46] {magoo} vasd right..rimm would habve got me short
[09:46] {Roman} 21 long ESLR
[09:46] {Roman} 21 small
[09:47] {magoo} vad..news RIMM?
[09:47] {Threei} 07/30/08 06:17pm [RIMM] Bullish mention on Jim Cramer's MAD MONEY - CNBC
[09:47] {magoo} ahhhhhhhhhhhhhhh
[09:48] {Threei} 1:1 FNM
[09:48] {Threei} (fiiinally)
[09:48] {Threei} took its sweet time
[09:48] {Threei} 1:1 SYMC
[09:49] {Threei} 1:2
[09:49] {Threei} I am out
[09:49] {magoo} me out now .23 TY BOSS
[09:49] {Threei} welcome
[09:49] {kazaam} alxn?
[09:49] {magoo} out here .75 FNM...ssob yt
[09:49] {Threei} 93 break
[09:50] {Threei} very thin
[09:50] {lars} + .29 symc thx!
[09:50] {Threei} volatility is beyond my risk tolerance
[09:50] {Threei} lars :)
[09:50] {magoo} wtg lars
[09:50] {lars} still half in fnm
[09:51] {Threei} FNM 1:2
[09:51] {Threei} can I go home?
[09:51] {magoo} what u think??
[09:51] {lars} no.... please no :)
[09:51] {Threei} lol
[09:51] {Threei} after morning activity dies I am going to call stops only :)
06[09:52] * Threei is trying to blackmail his way to a day off
[09:52] {lars} + .30 fnm 2 for 2 Vad!
[09:52] {Threei} good job lars
[09:52] {peterg} have to agree; I am stumbling over my fingers
[09:52] {Threei} especially satistfying to see such perfomance from newer mebemrs
[09:53] {magoo} sigh...he never once said nice thing about magoo
[09:53] {lars} thx... i am playing very small shares now
[09:53] {Threei} ugh mags
[09:53] {Threei} I had about 10 competing comebacks to that one
[09:53] {magoo} oh oh
[09:54] {magoo} lol
[09:54] {lars} till i get comfortable with risk and probability
[09:54] {Threei} and you have no idea what effort and self-control it took me to refrain :)
[09:54] {magoo} lars..dino mentioned this 2 me monthsago...size down..mkt to wippy..good plays getting rinsed
[09:55] {magoo} give me at least 1 boss
[09:55] {lars} you guys are awesome though
[09:55] {lars} i checked a few sites... your the best
[09:55] {Threei} thank you lars, we believe so too
[09:55] {magoo} did u ever go to my site??
[09:55] {Threei} ok mags, this one is the most polite:
[09:56] {magoo} oy
[09:56] {lars} hmmm no...
[09:56] {magoo} GOOD
[09:56] {lars} maybe
[09:56] {lars} :)
[09:56] {Threei} "they don't make glasses so deep-pink that I need to find anything nice about you" VBG}
[09:57] {Threei} trust me, the remaining 9 are way way worse {G}
[09:57] {magoo} give me a worse one/...i respond better to negativity
[09:57] {Threei} lol
[09:58] {Threei} let's see if 101 acts as rejecting resistance for USO
[09:58] {Threei} if so, UAUA is play
[09:58] {Threei} reminder, what we want to see is sharp long red bar on USO
[09:58] {Threei} and UAUA giving delay for entry
[09:59] {lars} that worked great yesterday by the way
[09:59] {magoo} what is UAUA again,seriouslty?
[09:59] {Threei} airline
[09:59] {Threei} United
[09:59] {magoo} man..am i a daytrader or what?
[09:59] {Threei} established pattern of moving in inverted relation to oil
[09:59] {magoo} i truly do not know even the companies we hit repeadily
[09:59] {lars} lol magoo
[10:00] {Threei} I don't know most of them either :)
[10:00] {lars} it shows on my chart thats how i know
[10:00] {Threei} it's just that some names become players because of certain ceircumstances
[10:00] {Threei} and familiarizing myself with ceircumstances I come to an idea of aa trade
[10:01] {Threei} in the rest of cases I simply go wirth setups as they form
[10:01] {Threei} what does SYMC do?
[10:01] {Threei} {shrug}
[10:01] {Threei} day trader's answer:
[10:01] {lars} anti virus
[10:01] {Threei} it formed JBE and made us money
[10:01] {Threei} ah, it's Symantec?
[10:02] {lars} believe so
[10:02] {Threei} cool... I use their product AND make money of their stock?
[10:02] {lars} :)
[10:02] {Threei} double use? I love the company, lol
[10:03] {Threei} this USO/UAUA move was not very useable to me
[10:06] {kazaam} PCLN?
[10:06] {Threei} gosh... how do you manage to select stocks that move 50 cents in a single breath? :)
[10:06] {lars} USO new low
[10:06] {kazaam} lol
[10:07] {Threei} let'
[10:07] {Threei} s see how far UAUA can follow it
[10:08] {Threei} 10:06 USO bar was good enough for entry, 8.52 - .53 was available
[10:08] {Threei} I would expect it to be much higher already
[10:08] {Threei} new low USO but no new high UAUA
[10:09] {Threei} pattern maybe dying
[10:09] {lars} UAUA doesnt want to crack 8.60
[10:10] {Threei} check other airlines to see if the pattern stops working for all of them or its UAUA specific
[10:10] {Threei} NWA, DAL
[10:10] {Threei} I don't see any of them making new high on new USO low
[10:11] {Threei} so there is a good chance this trading idea is on its last leg
[10:11] {dptl} skyw may be
[10:12] {dptl} also air
[10:12] {Threei} same chart
[10:12] {lars} 100 USO support.... for now....
[10:12] {Threei} JBLU interesting chart for 5.50 break
[10:13] {Threei} SNDK
[10:14] {Threei} .26 long
[10:14] {Threei} under .15 stop
[10:15] {magoo} WOW alxn
[10:21] {kazaam} any ideas for HK?
[10:22] {Threei} range 32 - 32.50...
[10:22] {Threei} a bit too wide to play break
[10:22] {Threei} stop to .18 SNDK
[10:23] {Threei} don't want to give them breathing room as market moves farther from opening
[10:24] {Threei} WHITE HOUSE ECON ADVISOR LAZEAR: CURRENT DATA SHOWS THAT THE STIMULUS PACKAGE IS WORKING - CNBC INTERVIEW
[10:25] {peterg} I am very stimulated
[10:26] {Threei} FNM 12 break long
[10:26] {Threei} .85 stop
[10:27] {Threei} .89 stop
[10:28] {magoo} in
[10:30] {esemde} I'm here....all be it on my kids computor....but i'm here
[10:30] {Threei} ese :)
[10:31] {esemde} I hate computors!!!!....always somethin ...always somethin
[10:31] {Threei} FNM, feel free to take scalp
[10:31] {Threei} hate how long it takes
[10:34] {magoo} what about SNDK?
[10:35] {Threei} with this one I am more comfortable
[10:35] {magoo} i in fnm 12..u saying cut flat?
[10:35] {Threei} it doesn't have a history of sudden deep drops
[10:35] {Threei} I actually meant taking scalp when it was .07- .09
[10:36] {magoo} i am/was wait .14
[10:37] {Threei} out SNDK
[10:42] {lars} out half fnm
[10:44] {lars} fnm target?
[10:44] {magoo} im gettin out here
[10:44] {magoo} out .18, TY vad
[10:45] {magoo} lars ..it prob breathe
[10:45] {Threei} can't tell really lars
[10:46] {lars} out .14 ave thx!
[10:46] {magoo} out sndk .23..lil loss..no lunch
[10:46] {magoo} im on diet anywho
[10:49] {Threei} FRE
[10:49] {Threei} WILL DOUBLE INCENTIVES TO MORTGAGE SERVICER COMPANIES WHO ASSIST BORROWERS IN AVOIDING FORECLOSURE
[10:49] {Threei} {FNM}
[10:58] {kazaam} sbux?
[10:59] {Threei} 15 break if consolidates a bit here
[11:00] {Threei} right away without couple shallow pullbacks first - not sure
[11:02] {kazaam} if oil doesn't drop i wonder if the market will be able to break yesterdays highs
[11:10] {Threei} AGIX move is out of another era
[11:11] {esemde} do penny stocks not normally move like that in one day Vad?
[11:11] {esemde} don't play them so I don't know
[11:13] {Threei} well... in this market, no :)
[11:13] {Threei} there was time they posted incredible moves
[11:13] {Threei} long ago
[11:13] {Threei} 1000 years b.c
[11:14] {Threei} used to be quite a source of profits, considering you could easily buy 5-20 K
[11:15] {Threei} FNM bounce zone closer to 12
[11:16] {Threei} actually, missed it already
[11:16] {Threei} slept through a drop
[11:18] {magoo} [11:17] {Threei} slept through a drop
[11:18] {magoo} u bastard he he
[11:22] {Threei} REPORTEDLY IRAN HAS CUT IDLEING PERSIAN GULF TANKERS BY HALF
[11:22] {Threei} {USO}
[11:22] {Threei} no buyers?
[11:22] {Threei} world has more oil than it needs?
[11:23] {lars} or refiners cant use heavy oil?
[11:23] {Threei} REPORTEDLY IRAN HAS CUT IDLING PERSIAN GULF TANKERS BY HALF TO 5 SHIPS - UNCONFIRMED REPORT CITING TRACKING DATA
[11:23] {Threei} - sent 3 supertankers to Suez canal and one to Saudi Arabia
[11:23] {Threei} *This story was originally posted to clients entitled to Global Equities{USO}
[11:28] {magoo} sh rimm here .08
[11:35] {peterg} nice,lkg gd
[11:36] {magoo} ciover here .75, +.33
[11:36] {kazaam} nj
[11:36] {kazaam} why does j look like i
[11:36] {kazaam} J
[11:36] {Chaeron} hi all... good one magoo
[11:37] {magoo} chaer baby:)
[11:38] {peterg} wanna do it again?
[11:38] {esemde} CCCCCHHHH BABY!!!!!!!
[11:38] {Threei} chaeron :)
[11:38] {Chaeron} heya ese, Threei
06[11:43] * laserdave1 slaps laserdave1 around a bit with a large trout
[11:43] {laserdave1} before anyone gets a chance
06[11:43] * laserdave1 slaps Threei around a bit with a large trout
06[11:43] * laserdave1 slaps Chaeron around a bit with a large trout
06[11:43] * laserdave1 slaps magoo around a bit with a large trout
[11:44] {Chaeron} niiiiiiiiiiice
[11:44] {Chaeron} :)
[11:44] {laserdave1} ya sneak attack
[11:44] {laserdave1} u guys are usually so fast
06[11:45] * magoo slaps laserdave1 around a bit with a large trout
06[11:45] * magoo slaps laserdave1 around a bit with a large trout
06[11:45] * magoo slaps laserdave1 around a bit with a large trout
[11:45] {laserdave1} nice
[11:46] {peterg} love that fresh fish smell
[11:46] {Chaeron} Threei's asleep :)
[11:46] {Chaeron} can't blame him :)
[11:46] {Threei} hmm...?
[11:46] {Threei} where am I?
[11:46] {Threei} who is here?
[12:09] {kazaam} TAP?
[12:09] {Threei} no read
[12:10] {kazaam} ty
[12:11] {Threei} break of 54 or short of it, has equal chance of working
[12:13] {kazaam} do you see that spike of volume on TAP?
[12:13] {kazaam} what does that generally mean when its at a level like that?
[12:14] {Threei} not much
[12:14] {Threei} single bar weather not maketh
[12:14] {kazaam} gotcha
[12:14] {Threei} could be some block taken out
[12:18] {magoo} rimm sh
[12:18] {magoo} risky..small
[12:19] {magoo} .30
[12:20] {magoo} .56 stop
[12:20] {magoo} layout either .08 or 122.87
[12:21] {magoo} sigh
[12:22] {magoo} stopped
[12:53] {dptl} mhgc?
[13:01] {Threei} tough one
[13:01] {Threei} mostly because of general market sleepiness
[13:02] {dptl} ye looks like need market help
[13:03] {Threei} US TREASURY SEC. PAULSON: STIMULUS PACKAGE WILL CONTINUE TO SUPPORT GDP IN 2H08; HOUSING STARTS MAY REMAIN WEAK THROUGH 2008, RECOVERY WILL TAKE MONTHS, NOT YEARS
[13:03] {Threei} - notes there are no new plans to help FNM and FRE
[13:03] {Threei} - Expects foreclosures and elevated inventory to stay elevated through 2009{FNM FRE}
[13:09] {Threei} SEC'S COX: SHORT SELLING RULE HAS REDUCED ABUSIVE PRACTICES, WILL EXPAND THE RULES OVER THE COURSE OF SEVERAL MONTHS
[13:09] {Threei} - Notes the SEC is cooperating with the Fed on financial regulations.
[13:11] {Threei} 12.20 break FNM... if market helps
[13:21] {dptl} got to go...have a good rest of the day all...see ya tomorrow
[13:21] {Threei} take care dp
[13:22] {hawkfan4} cya dp
[13:23] {kazaam} vad, your IF I WERE SMARTER exercise is perfect
[13:24] {Threei} :)
[13:24] {kazaam} fast and simple
[13:26] {Threei} that's me
[13:26] {Threei} simple
06[13:35] * Threei slaps laserdave1 around a bit with a large trout
[13:35] {Threei} and sometimes violent
[13:35] {Threei} particularly when I bored
06[13:41] * magoo slaps laserdave1 around a bit with a large trout
06[13:41] * magoo slaps Threei around a bit with a large trout
06[13:42] * magoo slaps Roman around a bit with a large trout
06[13:42] * magoo slaps Chaeron around a bit with a large trout
[13:42] {Threei} hmmm... magoo got tired?
[13:42] {Threei} I expected slapping rampage to continue through the whole list
[13:43] {Threei} instead he fell asleep with trout in hand after 4 slaps
[13:44] {magoo} strategic slapping
[13:45] {Threei} interersting strategy...
[13:45] {magoo} u should tru it lol
[13:58] {magoo} vad its timner for my daily question
[13:58] {Threei} down
[13:59] {magoo} lol
[13:59] {Threei} :)
[13:59] {magoo} thats it
06[14:00] * Threei reads in magoo's mind: "short at will!!"
[14:03] {magoo} lazer dcc
[14:04] {magoo} sh rimm small .64
[14:09] {magoo} dqam..stopped..thats twice
[14:44] {Threei} WM UPDATE: MOVES HIGHER AFTER TOSCAFUND DISCLOSES 6% PASSIVE STAKE - FILING
[14:48] {Threei} DEFENSE SECRETARY GATES: THERE IS A 'REAL POSSIBILITY' OF WITHDRAWING SOME MORE TROOPS FROM IRAQ
[14:48] {Threei} - Joint Chiefs Mullen: conditions have 'dramatically improved' in Iraq
[15:14] {kazaam} today made turtle racing look like formula 1
[15:14] {lars} lol
[15:16] {Threei} imagine how we handled whole summers of such
[15:17] {Threei} this slowness came about just last week, and only after couple active hours in the morning
[15:17] {kazaam} its seems the best way to play the summer would be to trade the morning and then take the rest of the day off....or is that just offensively lazy
[15:17] {Threei} no such thing as offensively lazy
[15:17] {Threei} lazy is good
[15:17] {Threei} in my eyes at least
[15:18] {Threei} don't know... I still prefer to be here and watch things
[15:18] {Threei} you never know when a company with $1 stock announces total cancer cure
[15:19] {Threei} FORMER FED CHMN GREENSPAN: ECONOMY IS HOLDING UP WELL, STRENGTH IS A 'SURPRISE' - CNBC
[15:20] {Threei} he forgot to add "despite my best efforts"
[15:28] {esemde} I'm with Vad....whenever I can.....just hang in there....ya just never know when the next cure all will come around
[15:31] {Threei} put one name in your memory for the more favorable market and for when it starts making its move
[15:31] {Threei} VVUS
[15:31] {Threei} HAVE A LOOK AT DAILY
[15:31] {Threei} nice ascending triangle shaping
[15:31] {Threei} holding xloselty below 52 week high
[15:32] {magoo} vad..nice sell feel
[15:32] {Threei} Greenspan continues
[15:32] {Threei} - Notes that we are 'nowhere near the bottom' in terms of household prices.
[15:32] {Threei} - still sees 50/50 chance for recession, though feels more inclined to believe the US is headed for a recession.
[15:32] {Threei} - believes that ultimately Fannie Mae and Freddie Mac will be nationalized, the GSE's are a 'major accident waiting to happen.'{FRE FNM}
[15:33] {Threei} send him a duct tape someone
[15:33] {Threei} this comment of his on FRE/FNM just tanked both
[15:34] {lars} wondered why big drop
[15:34] {Threei} 'cause of big mouth
[15:36] {lars} ya... better he just keeps quiet
[15:36] {Threei} sad thing is, we hear these things now from the man who engineered current crisis
[15:37] {lars} plus faith is sketchy with Ben
[15:38] {Threei} let's drop rates to historical lows and keep them there, let's not regulate lending practices and let's not regulate the process of motrgage securitization and consequent derivatives trading - signed: Greenspantrading
[15:38] {Threei} result - housing bubble born and left unchecked
[15:38] {lars} sad but true
[15:44] {Threei} mags... ever reshorted RIMM?
[15:46] {magoo} several
[15:46] {magoo} right now too
[15:47] {magoo} sh from .03
[15:47] {Threei} :)
[15:51] {magoo} cov here .58
[15:51] {magoo} TY
[15:51] {Threei} good one
[15:52] {Threei} US SENATOR GRASSLEY: OIL SPECULATION INCREASE IN TAXES COULD AFFECT HEDGE FUNDS
[15:52] {Threei} {USO}
[15:53] {Threei} okay guys, thank you all,
[15:53] {Threei} not very active but fairly nice day
[15:53] {Threei} have a good evening
[15:53] {Threei} see you all tomorrow
[15:53] {lars} thx Vad... good day
[15:53] {peterg} bye for now
[15:55] {magoo} ty vad..c u mortrow
[15:56] {magoo} thanx all
[15:57] {lars} tomorrow magoo :)
[15:58] {magoo} good job lars..u da man!!
[15:58] {fernp} bye
[15:59] {magoo} femp:)
[15:59] {magoo} peterg:)

Jul 30 2008

Session Time: Wed Jul 30 00:00:00 2008
[08:30] {Threei} [CPST] Capstone Turbine Corp Receives order from HelioFocus for solar-powered microturbine
[08:30] {Threei} - Company will modify its C65 MicroTurbine to operate on solar energy.
[08:32] {hawkfan4} good morning
[08:32] {Threei} Good morning
[08:36] {Threei} HOKU
[08:36] {Threei} SIGN $298M POLYSILICON SUPPLY CONTRACT WITH JIANGXI KINKO
[08:36] {Threei} - Company will deliver solar-grade polysilicon to Kinko Energy over a ten-year period beginning in late-2009.
[08:36] {Threei} - Up to approximately $298M 2may be payable to Hoku during the ten-year period, subject to product deliveries and other conditions. The take-or-pay contract provides for the delivery of predetermined volumes of polysilicon each year, with the first shipment in the second half of 2009 and the remainder over a ten-year period at set prices that will decline throughout the term of the agreement.
[08:36] {Threei} - Under the agreement, Hoku will grant to Kinko Energy a security interest in its polysilicon assets to secure Hoku's obligation to repay $55 million to Kinko Energy as a credit against product shipments over time.
[08:38] {Threei} 07/30/08 08:30am
[08:38] {Threei} [SPIR] Spire Corp Spire Enters Multi-Year Contract with Trina Solar
[08:38] {Threei} - Companies today announced that it has entered into a multi-year, multi-system contract to provide key module line equipment to Trina Solar Limited of the People's Republic of China.
[08:38] {Threei} - Spire will provide Trina Solar with multiple Spi-Sun Simulator 4600 Single Long Pulse (4600 SLP) systems.
[08:38] {Threei} did all solars wait till today to publish news just before FSLR earnings, for double whammy effect?
[08:39] {hawkfan4} sure seems like it. have my eye on JASO. i held UAUA overnight. sold 1/2 +.50
[08:40] {Threei} nice
[08:40] {Threei} gutsy too
[08:41] {hawkfan4} yeah, a little nuts, but lucky
[08:42] {peterg} gm-back to the future with solare, eh?
[08:42] {peterg} solar
[08:42] {Threei} yeah, sspunds like another round with them
[08:42] {Threei} hi peter
[08:47] {magoo} morning
[08:49] {magoo} dsam ELN..after bell i had it short 35.85 and cobvered 34 even..look here....21
[08:51] {cosmo} here comes the sun...?
[08:52] {Threei} magoo, cosmo :)
[09:03] {fernp} Good morning
[09:07] {tomg} gm all
[09:07] {Threei} fern, tom :)
[09:07] {magoo} vad, any news rumors FSLR to beat street?
[09:08] {cosmo} RFMD tests @ 3.33
[09:08] {Threei} 07/29/08 02:37pm [FSLR] Update: solar stocks trading at new highs for the session again after Tomas Weisel makes positve comments about outlook for the rest of the year
[09:13] {magoo} ty
[09:15] {magoo} grmn pummeled vad
[09:15] {Threei} 07:01am [GRMN] Reports Q2 $0.93 v $1.00e; R $911.7 v $956.4Memore.. - Guides FY08 EPS $3.90 v $4.00e; R $3.9B v $4.2Be - Q2 Gross margin 45.8% v 48.2% in Q108 and 50.5% in Q207 (related: TOM2.NV )
[09:18] {cosmo} RFMD tests @ 3.33
[09:19] {cosmo} ... at some point
[09:19] {cosmo} needs to hold 3.20
[09:20] {cosmo} imo
[09:20] {magoo} man, cnbc commentors down right giddy over market today..as in "alls well"
[09:20] {Threei} all isn't?
[09:20] {magoo} just buy and hold..lets DO IT
[09:20] {Threei} and never try to time the market
[09:20] {Threei} leave it to pros
[09:21] {Threei} diversify
[09:21] {Threei} in a long run it always goes up
[09:21] {Threei} any more cliche I missed?
[09:21] {cosmo} even real estate?
[09:22] {Threei} but of course... 10 years from now it'll all be fine
[09:27] {Threei} FNM has a habit of sharp selloff on the open
[09:27] {Threei} worth watching for the bounce
[09:28] {Threei} usually selloff is quite deep, so don't jump on a first pause
[09:29] {Threei} SOLF is not very far from yesterday's close
[09:30] {Threei} high was 14.49
[09:30] {Threei} so if sector moves it's a good candidate
[09:32] {Threei} FNM, nice pullbeck, eh?
[09:32] {Threei} FSLR pullback weights on solars
[09:32] {esemde} morning
[09:32] {Threei} CSIQ, LDK, SOLF
[09:32] {Threei} ese :)
[09:34] {Threei} SOLF .55 long if stays above .40
[09:35] {Threei} but watch FSLR for confirmation
[09:35] {Threei} need its help
[09:36] {magoo} need restart comp
[09:37] {Threei} FNM
[09:37] {Threei} MAY SERIOUS DELINQUENCY MORTGAGE RATE INCREASED TO 1.3%
[09:37] {Threei} see how FSLR continuing seling kept SOLF from break?
[09:40] {esemde} STAR either long at .50 or 14.01
[09:41] {Threei} LDK hald lot long .80 break, stop under .55
[09:41] {Threei} half
[09:43] {Threei} half out
[09:44] {Threei} stop to .75 and let it trade
[09:44] {esemde} missed .50
[09:52] {Threei} FNM .61 long
[09:52] {Threei} .49 stop
[09:52] {esemde} long VPhm .82
[09:52] {esemde} 1/2 lot
[09:53] {Threei} look for deeper pullback now FNM
[09:53] {Threei} if comes closer to 12 or a bit under will be better bounce candidate
[09:57] {Threei} out balance LDK
[09:57] {magoo} beauty vad
[09:57] {Threei} hmmm... thank you... I guess
[10:00] {magoo} why guess?
[10:01] {Threei} I am highly suspsicious about males complimenting my appearance {G}
[10:01] {magoo} :)
[10:06] {esemde} bstop ALXN 90.50 1/3 lot
[10:09] {Threei} AMMD .41 long half lot
[10:09] {Threei} if stays above .20
[10:11] {Threei} JASO
[10:11] {Threei} .26 long
[10:11] {esemde} removed bstop ALXN
[10:11] {Threei} .14 stop
[10:12] {peterg} Jaso at .24
[10:12] {magoo} me too
[10:14] {Threei} offering half .41
[10:14] {magoo} .48 here
[10:16] {Threei} half out
[10:16] {Threei} stop to .19
[10:17] {peterg} out at .45, + .21
[10:17] {esemde} well done all...wish i could say the same about my trading these days....no more holidays for me!
[10:17] {peterg} thks for JASO
[10:18] {Threei} welcome peter
[10:18] {Threei} dino said a few times too ese
[10:18] {Threei} that he has a bit of a rought itme right after vacations
[10:18] {esemde} I can see why.....
[10:19] {esemde} patterns seem to be right must be something in volume i'm missing
[10:19] {Threei} summer...
[10:19] {esemde} true eh!!!
[10:19] {Threei} less crowds - less pattern following
[10:19] {esemde} that was a canadian yea
[10:23] {esemde} out VPHM .82
[10:23] {magoo} so far..overall solarsa disappointmt today
[10:24] {magoo} see...mkt always fools u
[10:24] {esemde} +.00 not moving the way i thought ....NEXT}}}!!!!!!
[10:25] {Threei} how did it fools us?
[10:25] {Threei} fool
[10:25] {Threei} we made an assumption
[10:25] {Threei} checked it out
[10:25] {Threei} it worked somewhat lukewarmly
[10:25] {Threei} no real run but activity was there, enough for two winning trades
[10:26] {magoo} ok
[10:27] {esemde} SINA
[10:27] {Threei} I understand that being focused on my beauty you pay less attention to my brain... but come on, I call two winners and you say I am fooled? :)
[10:28] {magoo} no..not u fooled..i meant we even said last night maybe solars today...mkt sets us up and kind of "kind of " disappoints
[10:28] {esemde} breauty is only skin deep VAD....mags loves you for whats inside....
[10:28] {Threei} lol
[10:28] {Threei} what I got myself into...
[10:30] {peterg} _-=?/\/\/\/\/\/\/\[{[{}]]]]-----!
[10:30] {peterg} only magoo can read this
[10:30] {Threei} I share the sentiment peter
[10:31] {magoo} i see peter using magoocode
[10:31] {peterg} privilege!
[10:31] {peterg} to do so
[10:31] {peterg} sir
[10:34] {magoo} oil inventory #
[10:37] {Threei} DOE CRUDE: -81K V -1.2ME; GASOLINE: -3.5M V +250KE; DISTILLATES: +2.4M V +2ME; UTILIZATION: 87.2% V 87.1%E
[10:37] {Threei} *API Inventory:
[10:37] {Threei} - Crude Inventories: -2.1M
[10:37] {Threei} - Gasoline: -3.8M
[10:37] {Threei} - Distillate: -587K
[10:38] {Threei} watching UAUA for bounce
[10:39] {magoo} in .99
[10:40] {Threei} USO still strong
[10:41] {magoo} yeah
[10:41] {magoo} stopped .78
[10:48] {esemde} long LRCX .61
[10:48] {esemde} 1/2 lot
[10:48] {Threei} quite hectic moves
[10:48] {esemde} what mine....or USO
[10:49] {esemde} stop .40
[10:49] {Threei} USO, market, UAUA
[10:50] {esemde} ahhhhhh
[10:51] {esemde} am tring a pullback instead of a breakout
[10:51] {lars} JASO Target Vad?
[10:51] {magoo} out jaso .56 TY vad
[10:52] {Threei} trying .61 exit
[10:52] {Threei} but agoo probably has right idea
[10:52] {lars} ty
[10:55] {Threei} in UAUA .66
[10:55] {lars} out JASO .58 thanks vad and magoo :)
[10:55] {Threei} .59 stop
[10:55] {Threei} welcome :)
[11:00] {Threei} out
[11:00] {Threei} scalp near .80 was the way to go
[11:02] {Threei} .55 second try
[11:02] {Threei} stop under .50
[11:03] {Threei} half out .65
[11:06] {magoo} in whicha
[11:07] {hawkfan4} me too
[11:07] {Threei} debated taking .77 -.78
[11:07] {Threei} hard to tell
[11:08] {magoo} im thinking 9.06 ..but who knows?
[11:08] {Threei} anyway, stop to breakeven for me for the balance
[11:08] {magoo} where the hex isroman?
[11:09] {Threei} USO helps
[11:09] {Threei} if loses 99 UAUA should be fine
[11:10] {Threei} come on oil, die
[11:11] {Threei} stubborn slimy substance
[11:13] {Threei} stinky too
[11:13] {magoo} its a "cheaty fellow"
[11:15] {Threei} lose that 99 already
[11:18] {Threei} out balance
[11:19] {magoo} im o for 2 on that dog
[11:22] {kazaam} long uso
[11:22] {kazaam} .18
[11:22] {kazaam} sl .98
[11:25] {Threei} in .32
[11:25] {Threei} .25 stop
[11:26] {kazaam} stopped, -.20
[11:26] {hawkfan4} same vad
[11:27] {Threei} half out .42
[11:28] {esemde} out LRCX .88 +.27
[11:28] {Threei} :)
[11:28] {esemde} finally.....
[11:28] {esemde} hmmmmm are pullbacks the way to go?
[11:29] {Threei} feels so, we talked aabout it yesterday
[11:31] {Threei} offering .61
[11:31] {Threei} out
[11:31] {Threei} whew
[11:31] {magoo} uso is cooperating
[11:31] {Threei} finally got this thing right
[11:32] {hawkfan4} beaut...uh, i mean, good one vad :)
[11:32] {Threei} lol
[11:32] {magoo} lol
[11:32] {lars} lol
06[11:32] * magoo slaps lars around a bit with a large trout
[11:32] {magoo} just warming up lars for laser
[11:32] {lars} thx...needed that
[11:32] {lars} :)
[11:35] {Threei} back in .51
[11:36] {Threei} .44 stop
[11:36] {magoo} alright...alrigytttttttttttttt...........in
[11:36] {Threei} lol
[11:36] {Threei} kiss of death
[11:36] {Threei} there you go
[11:37] {magoo} kiss? interesting choice of words
[11:37] {Threei} oops
[11:37] {hawkfan4} lol
[11:37] {Threei} didn't even take stop laughing
[11:37] {Threei} now I did
[11:48] {Threei} watching LDK pullback
[11:50] {Threei} probably worth a try if holding above .50 and if FSLR turns back up
[11:51] {Threei} keep shares small, volatile one
[12:18] {hawkfan4} .
[12:26] {Threei} yawn
[12:27] {Chaeron} good morning all
[12:27] {Threei} chaeron :)
[12:29] {magoo} chaerbroil
[12:30] {peterg} lunchtime
[12:30] {Chaeron} Vad, Mags :) slow day now?
[12:30] {peterg} sure seems like it now, after brief morning rush
[12:33] {Chaeron} thanks peter... working on major project anyway
[12:36] {Threei} oil upward move kind of killed all the enthusiasm
[12:38] {magoo} yeah chaer, mkts stuck
[12:58] {magoo} mkts roll or rebound vad??
[12:58] {Threei} feels like one more round of selling
[13:02] {Threei} FSLR
[13:02] {Threei} HEARING RBC MAKING CAUTIOUS COMMENTS
[13:04] {Chaeron} magoo... left you ad DCC if you're bored
[13:05] {Threei} oil really annoying today
[13:07] {magoo} this pullbk does not bode well
[13:07] {Threei} [12:58] {Threei} feels like one more round of selling
[13:07] {Threei} [13:02] {Threei} FSLR
[13:08] {Threei} in UAUA
[13:08] {Threei} trying for scalp
[13:09] {Threei} out .10
[13:12] {Threei} USO feels topped
[13:12] {Threei} back in UAUA
[13:13] {magoo} where?
[13:13] {Threei} 8
[13:14] {lars} in 8 also
[13:14] {Threei} nice drop USO
[13:15] {Threei} half out UAUA
[13:15] {Threei} this time trying for more than scalp
[13:16] {Threei} ISRAELI PM OLMERT WILL REPORTEDLY RESIGN WHEN NEW KADIMA PARTY LEADER HAS BEEN CHOSEN
[13:16] {Threei} - Note the speculated successor is the Transportation Minister Shaul Mofax, who has in the past been attributed to hawkish comments with regards to the Iranian issue{USD/ILS USO}
[13:17] {Threei} there we go
[13:17] {Chaeron} wow
[13:17] {Chaeron} You saw that coming weeks ago
[13:17] {Threei} same guy who made comments a while ago about unavoidable attack on Iran
[13:17] {Threei} that's why oil is happy today I guess
[13:18] {Threei} that Israel is going to be a diving force in oil market with their comments and (hhope not) actions?
[13:21] {magoo} looked at your dcc chaer, thanx..cool manyanas
[13:29] {Threei} out second half
[13:30] {Threei} maybe prematurely but don't want to get caught
[13:30] {magoo} i keeop losing on that pig
[13:30] {magoo} move to anothe paaalllllllleeeeeease
[13:31] {magoo} 4 f'n stops
[13:51] {jmb} a late Thanks for UAUA Vad
[13:55] {Threei} welcome jmb
06[13:59] * magoo slaps laserdave1 around a bit with a large trout
06[14:00] * Chaeron slaps laserdave1 around a bit with a large trout
06[14:03] * Threei shows restraint... trying to control his violent instincts
[14:09] {laserdave1} I am so proud of you Vad
[14:09] {Threei} you are?
[14:09] {laserdave1} ya restraint is awesome
[14:10] {laserdave1} i know how bad you want to swing that trout
[14:10] {Threei} great, mission is accomplished, now I deserve some reward
06[14:10] * Threei slaps laserdave1 around a bit with a large trout
06[14:10] * Chaeron slaps Threei around a bit with a large trout
06[14:10] * magoo slaps Chaeron around a bit with a large trout
[14:10] {Threei} lol
[14:10] {Chaeron} just a Three Stoges type slap fest
[14:10] {Chaeron} Stoogess that is
[14:10] {lars} lol
[14:10] {Chaeron} shhhheeeeeeesh
[14:10] {Chaeron} Take 3 - "Stooges"
[14:11] {Chaeron} Vad resembles "Curly"
[14:16] {magoo} vad...run or roll into bell here?
[14:16] {Threei} run... but lukewarm
[14:17] {Threei} kind of crawl
[14:17] {magoo} u are so non committal of late..i like the violent uncontrolled vad
[14:18] {Threei} he is back in Spetmeber
[14:18] {hawkfan4} FSLR trying, watching for followers
[14:19] {Threei} CREDIT SUISSE MAKING POSITIVE COMMENTS ON AIRLINE SECTOR
[14:33] {lars} gotta go... good luck all
[14:33] {hawkfan4} bye
[14:35] {Threei} seemags? not really run, but brisk walk
[14:35] {magoo} nice trades lars
[14:36] {magoo} thats why i continually ask u...u say 'who knows?" but your gut feel is quite often very good :)
[14:37] {magoo} on mkt direction in general
[14:38] {magoo} so, even tho i did not like AUAU today...i stuill luv ya boss
[14:38] {Threei} UAUA wasn't that bad
[14:39] {magoo} man..thats some poor typing there lol
[14:39] {Threei} gave one very nice trade, and the rest would be fine if we settle for scalps
[14:39] {magoo} AUAU today
[14:39] {Threei} FNM coming into bounce zone
[14:40] {magoo} dam,,i was trading its inverse
[14:41] {Threei} lol
[14:41] {magoo} no wonder i lost on it
[14:45] {Threei} MER
[14:45] {Threei} DECLARES DIVIDENDS ON COMMON AND PREFERRED STOCKS
[14:45] {Threei} - Regular quarterly dividend of $0.35/shr
[14:45] {Threei} - payable September 3, 2008, to shareholders of record on August 14, 2008.
[14:46] {Threei} anyone took FNM?
[14:46] {magoo} i did .08 boss
[14:46] {Threei} out yet?
[14:46] {magoo} no
[14:46] {Threei} par
[14:46] {Threei} protect half
[14:46] {magoo} i can do that i guess
[14:46] {Threei} things change too fast and too frwequent
[14:47] {Threei} you can
[14:47] {Threei} I believe in you
[14:47] {Threei} it takes a lot of effort but it's doable
[14:47] {Threei} enter half of your position in Vlume window
[14:47] {magoo} tell me about it :)
[14:47] {Threei} gently push Sell button
[14:47] {magoo} oh shit.hit buy button
[14:48] {Threei} lol
[14:48] {Threei} on MNF I guess?
[14:48] {magoo} yeah..now i short
[14:54] {peterg} How delete unwanted windows, charts, from Laser?
[14:55] {magoo} click window so hioghlited
[14:55] {Threei} click on windown, Alt-F4
[14:55] {peterg} thkyou gntlmn
[14:55] {magoo} ctrl f4
[14:55] {Threei} or Ctrl
[14:55] {Threei} lol
[14:55] {Threei} I always forget and try both
[14:56] {peterg} works like a charm!
[14:58] {magoo} out bal fnm
[14:58] {magoo} ty vad
[14:58] {Threei} welcome
[14:59] {Threei} US HOUSE HAS REPORTEDLY VOTED DOWN THE ENERGY/CROP ANTI-SPECULATION BILL DUE TO OFFSHORE DRILLING DISPUTE
[14:59] {Threei} triple whammy for oil today
[14:59] {Threei} Israel - bill rejection - natural bounce after weeks of selling
[15:00] {Threei} oh, and inventories
[15:00] {Threei} no wonder it jumped 5 bucks
[15:01] {Threei} FNM
[15:01] {Threei} MOODY'S TAKES ACTION ON 30 2005-2007 PRIME DEALS
[15:01] {Threei} hmm?
[15:01] {Threei} what does it mean?
[15:04] {Threei} if MER breaks 27 and pops FNM is likely to follow
[15:08] {magoo} rimm sh loss 118
[15:11] {magoo} cover .75
[15:12] {Threei} CHRYSLER IS REPORTEDLY LOOKING IN TO COLLABORATIONS WITH TATA, FIAT
[15:24] {magoo} .
[15:28] {Threei} LEH seems to take leadership among financials today
[15:39] {Threei} any idea whnat made market happy?
[15:40] {magoo} no
[15:40] {hawkfan4} no clue
[15:51] {Threei} sdolars should be fun after market
[15:52] {magoo} u thinking sympathy plays off fslr?
[15:52] {Threei} usual suspects... whichever of them has decent spread and liwuidity
[15:53] {Threei} risk is much higher
[16:00] {magoo} let me know
[16:01] {Threei} thank you all
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {Threei} I'll try topost FSLR when it comes out
[16:03] {Threei} DIS
[16:03] {Threei} REPORTS Q3 $0.66 V $0.61E, $9.24B V $9.14BE
[16:05] {Threei} spike FSLR
[16:05] {magoo} wow
[16:05] {Chaeron} spike!
[16:05] {Threei} REPORTS Q2 $0.85 V $0.58E,
[16:06] {Threei} R $267M V $217ME
[16:06] {Threei} spectacular earnings
[16:06] {magoo} wheres the bounceplay??
[16:07] {Threei} no idea, it's too volatile
[16:07] {Threei} I managed to grab some SOLF at 13.50
[16:08] {magoo} nice
[16:08] {Threei} guy at the offer didn't cancel in time, lol
[16:09] {Chaeron} :))
[16:10] {Threei} out 14 and 14.01
[16:10] {hawkfan4} nice
[16:10] {magoo} wtg
[16:10] {magoo} i got nothin
[16:10] {Threei} ty
[16:10] {hawkfan4} me either
[16:11] {Threei} SBUX
[16:11] {Threei} REPORTS Q3 $0.18 (EX ITEMS) V $0.18E, R $2.6B V $2.61BE
[16:11] {Threei} - Q3 SSS down mid single digit in US
[16:11] {Threei} - Guides FY08 EPS mid $0.70 range v $0.79e
[16:11] {Threei} - Guides FY08 revenue growth 11%
[16:11] {Threei} - Cuts FY09 US store opening target and the company sees negative 60 new US stores in FY09 and expects to oepn 900 new international stores in the yr.
[16:12] {Threei} confusing
[16:12] {Chaeron} why?
[16:12] {Threei} OK, I am outta here... see you tomorrow guys
[16:12] {Chaeron} bye... thanks Vad
[16:12] {magoo} ty vad
[16:12] {fernp} bye
[16:12] {hawkfan4} thx, bye all

Jul 29 2008

Session Time: Tue Jul 29 00:00:03 2008
[08:33] {Threei} good morning
[08:33] {Threei} watching MER for bounce scalp
[08:33] {hawkfan4} morning vad, all
[08:33] {Threei} hawk :)
[08:34] {Threei} .55 if getting hit
[08:34] {Threei} with stop under .40
[08:35] {Threei} smallish shares, just a fingers warm-up
[08:39] {Threei} lost support, gotta wait for more drop most likely
[08:41] {Threei} in .15
[08:43] {Threei} come on, give me one more spike, don't want to take measly 10 cents
[08:44] {Threei} if can't clear .25 will be stopped probably
[08:44] {Threei} good boy
[08:45] {Threei} out half .32
[08:46] {Threei} stop to b/e
[08:47] {Threei} am I getting too greedy here?
[08:47] {Threei} stop to .19
[08:48] {judijim} good early morning all
[08:48] {Threei} jj :)
[08:50] {magoo} morning
[08:50] {Threei} magoo :)
[08:52] {Threei} out second half
[08:52] {magoo} mer after hours last nite hit 22
[08:54] {Threei} non-shortable
[08:54] {magoo} on that sec thingy
[08:55] {Threei} raising more capital through stock dilution
[08:55] {hawkfan4} i have it short, from .17
[08:55] {Threei} :)
[08:57] {magoo} a hold from before rule?
[08:58] {hawkfan4} no, can still short it, rule covers naked shorting i think?
[09:01] {Threei} *MAY SP_CASE-SHILLER-20 Y/Y: -15.8% V -16.0%E; HOME PRICE INDEX:168.54 V 169.9 PRIOR
[09:01] {Threei} Prior Home price index revised to 170
[09:01] {Threei} Prior Case Shiller 20 y/y revised to -15.2% from 15.3% prior{XHB}
[09:05] {magoo} vad, news MT?
[09:05] {Threei} 08:00am [X] Reports Q2 $5.65 v $3.91e, R $6.74B v $5.90Be; Sees Union labor deal signed by September 1st
[09:05] {magoo} ty
[09:06] {Threei} I understand it's related news, not MT itself
[09:07] {magoo} up big
[09:17] {magoo} vad, news CNQR?
[09:17] {Threei} 08:19am [CNQR] American Express buys 6.4M shares for $251M (13% stake), has right to buy 1.28 additional shares at $39.27/share
[09:18] {magoo} ty
[09:18] {hawkfan4} MER dumped
[09:19] {magoo} could reach 22 imo
[09:20] {pita} morning all
[09:20] {Threei} pita :)
[09:20] {hawkfan4} morning
[09:20] {peterg} morning
[09:21] {Threei} peter :)
[09:24] {Threei} MER
[09:24] {Threei} SHARES REPORTEDLY PLACED AT $22.50/SHR V $24.33 PRIOR CLOSE
[09:24] {magoo} [09:20] {magoo} could reach 22 imo
[09:26] {cosmo} ZRAN
[09:26] {cosmo} 8.40 pre mkt high
[09:27] {magoo} vad, whats youur gut feel topday?as in up bounce or more pain?
[09:27] {Threei} can't tell for the whole day... things change too often and are too dependent on oil movement
[09:28] {cosmo} viscosity could be a problem?
[09:29] {Threei} alqays is
[09:29] {Threei} UPDATE: T. BOONE PICKENS HAS REPORTEDLY HIS 10M SHARE HOLDINGS OF YHOO AT A LOSS
[09:29] {Threei} - Note this was reported earlier this morning in the SF Chronicle
[09:29] {Threei} well, he is familiar with stop loss copncept {G}
[09:31] {Threei} 7.50 long UAUA if USO dumps
[09:33] {Threei} in aggressively
[09:33] {Threei} stop under .30
[09:33] {magoo} me too lol .37
[09:34] {peterg} nice-.40
[09:35] {Threei} stop's tight enough to try it for this interesting sharp oil drop
[09:35] {Threei} look at correlation between oil and market
[09:35] {Threei} practically tick in tick
[09:35] {fernp} gm all
[09:35] {Threei} fern :)
[09:36] {Threei} half out .53
[09:36] {Threei} stop to .35
[09:38] {peterg} out for my .08 ty
[09:38] {Threei} good enough for trying out new tool peter
[09:41] {Threei} this pair still looks strongly linked
[09:41] {Threei} USO/UAUA I mean
[09:42] {Threei} missed re-entry under .30
[09:44] {Threei} CFTC: SAYS TO ACT QUICKLY ON FARMERS COMPLAINTS ABOUT CROP SPECULATION
[09:47] {Threei} FNM .41 long
[09:47] {Threei} stop under .30
[09:48] {Threei} MER moving up, should help it
[09:48] {esemde} morning
[09:48] {Threei} ese :)
[09:49] {esemde} morning
[09:49] {magoo} in aggr .38
[09:49] {Threei} no help
[09:51] {Threei} BEAV lost its mind?
[09:52] {magoo} wow
[09:53] {Threei} PREVIEW: JULY CONSUMER CONFIDENCE DUE OUT AT 10AMET
[09:53] {Threei} **consensus expectation: 50.1e v 50.4 prior
[09:53] {Threei} - prior 1-year inflation expectation at 7.7%
[09:53] {Roman} 21 no doube magoo is one of the luckiest basters i have ever seen
[09:53] {magoo} out FNM .64 TY boss
[09:53] {Threei} welcome
[09:54] {Roman} 21 when i grow up, i want to be like magoo
[09:55] {magoo} looks like somebody woke up on wrong side of bed lol
[09:55] {Threei} lol
[09:55] {Roman} 21 anyway................:)
[09:56] {Threei} if my eperience is any indication, you are going to have hard time Roman... as a kid I wanted to be either austronaut or ice-cream saleman... neither paneed out
[09:56] {Roman} 21 :)
[09:57] {Roman} 21 i really do think magoo can see the future
[09:57] {Roman} 21 he is about 5 minutes ahead
[09:57] {magoo} waiting .71 uaua from .37
[09:57] {magoo} out TY boss
[09:58] {Threei} welcome :)
[10:00] {Threei} JULY CONSUMER CONFIDENCE: 51.9 V 50.1E
[10:00] {Threei} prior revised from 50.4 to 51
[10:00] {Threei} - 1-year inflation expectation at 7.6% v 7.7% prior
[10:01] {Threei} 98.70 - .80 area is critical support for USO
[10:01] {Threei} if broken, will dump much lower
[10:02] {Threei} good boy
[10:02] {Threei} UAUA reacts
[10:02] {Threei} look at oil drop
[10:02] {esemde} you were right about that one Vad....USO that is
[10:03] {magoo} nicew read vad
[10:04] {magoo} l rimm here ,31
[10:04] {magoo} risky small
[10:05] {Roman} 21 innnnnnnnnnnnnnnnnnnnnnn
[10:06] {magoo} looking for near 116
[10:06] {magoo} .91wait
[10:06] {Threei} oyl is new spelling
[10:07] {magoo} out
[10:08] {magoo} + .61
[10:08] {Roman} 21 tell me this dude is not supernatural
[10:08] {Threei} I know I have somewhat wierd way of expressing my admiration but...
06[10:08] * Threei slaps magoo around a bit with a large trout
[10:08] {magoo} u out????
[10:08] {Roman} 21 not yet
[10:08] {Roman} 21 here
[10:09] {Roman} 21 .41
[10:09] {magoo} over point NICE
[10:09] {magoo} im a dumb scalper
[10:09] {Roman} 21 thank you, now i can go to the store and buy my son food
[10:09] {Threei} lol
[10:10] {Threei} magoo is now known as Saviour of Infants
[10:10] {magoo} who'd of thunk it vad? he he
[10:11] {esemde} bstop PDCO 32.01
[10:14] {Threei} do we get that lucky to see USO losing 97.50?
[10:15] {Threei} watchinf FNM for pullback entry
[10:15] {Threei} aww... missed
[10:15] {Threei} time to buy was when I typed, lol
[10:16] {Threei} ok USO, one more dump please
[10:17] {magoo} what we playing off it?
[10:17] {Threei} not sure here, lol
[10:19] {magoo} vad, any news BIDU?
[10:19] {Threei} no
[10:19] {magoo} ty
[10:24] {Threei} in .82
[10:24] {judijim} new stradegy this week, wanted to trade more days, in long and short, today in 10 minutes made on shorts $859
[10:24] {Threei} .75 stop
[10:25] {magoo} in what
[10:25] {Threei} FNM
[10:25] {Threei} nice going jj
[10:25] {Threei} stopped
[10:25] {Threei} my timing is off on this thing today
[10:26] {judijim} we're still watching today but protect profit and back in tomorrow
[10:26] {Threei} good discipline
[10:29] {magoo} how u supposed to make 3k if u stop at 800 he he
[10:29] {esemde} bstop invalidated PDCO
[10:36] {Threei} UAUA
[10:36] {Threei} in
[10:37] {Threei} sharp dive USO, UAUA delayed reaction
[10:37] {magoo} where u in?
[10:37] {Threei} .83
[10:37] {magoo} .90
[10:38] {hawkfan4} .79
[10:38] {Threei} hawk put us all to shame
[10:38] {Threei} out +.20
[10:38] {magoo} again
[10:38] {hawkfan4} but i missed the first one
[10:39] {lars} out +.15 ty
[10:40] {magoo} out here .15, + .25
[10:40] {Threei} good job guys
[10:40] {Threei} wtg lars
06[10:40] * magoo slaps lars around a bit with a large trout
[10:41] {Threei} this is conceptual trade, as long as you understand the idea of it you don't need me to call exact levels
[10:41] {Threei} sharp move by the leading indicator (USO in this case), delayed reaction on the follower giving window for entry
[10:42] {Threei} look at the size of red bar on USO at 10:37
[10:43] {Threei} look at according time on UAUA chart
[10:43] {Threei} that's your window of opportunity
[10:43] {Threei} avoid temptation to play UAUA off any USO tick
[10:43] {Threei} it's this bug sudden one that you want
[10:43] {Threei} bug = big
[10:47] {Threei} FNM did same thing but I am avoiding it today
[10:47] {Threei} it likes me not
[10:51] {magoo} but i still like u
[10:52] {esemde} Vad have you got a way of determining Bull traps....Thats what i seem to be getting alot of these days
[10:52] {esemde} breakouts retreating significantly
[10:53] {esemde} ie..PDCO had a buy stop in there but decided not to go for it and it did retreat
[10:54] {Threei} ese, these days are dictated by oil
[10:54] {Threei} stocks rarely move on their own merit
[10:54] {Threei} standard setups are being distorted by this correlation
[10:59] {kazaam} MHP L .54
[11:01] {kazaam} yeah, the jbe plays hardly worked last week, I had to start learning new stuff! imagine that
[11:02] {Threei} plus, overall - in highly volatile markets aggressive entries are usually woriking better
[11:02] {magoo} sigh
[11:02] {kazaam} out +.13
[11:02] {Threei} wtg
[11:03] {magoo} i wish i could take aggrssive enytries
[11:03] {Threei} lol
[11:03] {kazaam} man i have been the king of getting out too early this morning
[11:03] {Threei} look who is talking... probably molst aggressive entrist (if that's a word) in da room
06[11:04] * Threei slaps laserdave1 around a bit with a large trout
[11:04] {magoo} nah...yesterday if u didn;t scalp u get waffled
[11:04] {kazaam} mmmmmm waffled
06[11:04] * magoo slaps laserdave1 around a bit with a large trout
[11:05] {laserdave1} magoober
[11:05] {laserdave1} Vadsterrrrrr
[11:05] {laserdave1} hows it going guys
[11:05] {laserdave1} i missed u too magoo
06[11:05] * laserdave1 slaps magoo around a bit with a large trout
[11:05] {magoo} good..how are u?
[11:05] {magoo} :)
[11:05] {laserdave1} good thanks
[11:06] {magoo} vad, room nice and quiet without me??
[11:06] {Threei} yes, excpet when we talked about you
[11:06] {magoo} he he
[11:06] {magoo} all negative i presume
[11:06] {Threei} and loud
[11:06] {Threei} :)
[11:06] {laserdave1} when i was bored i would just type it out even though you were not here
[11:07] {Threei} OK{ something has changed
[11:07] {laserdave1} laserdave1 hits magoo in the but with a large trout
[11:07] {Threei} both USO and UAUA went up
[11:07] {hawkfan4} UAUA strong
[11:07] {Threei} backing off until we figure it out
[11:18] {kazaam} oil looks ready to pop up
[11:18] {Threei} I am hesitant to call it... look at last similar setup it formed
[11:19] {Threei} from 10:10 to 10:30 approx
[11:19] {Threei} looked ready to break out and pop, and dumped hard instead
[11:20] {Threei} if it holds as a pattern, it will fall to 97 now :)
[11:20] {kazaam} bear flag at 10:!0 to 10:30, kinda looks like head and shoulder now
[11:21] {magoo} to bad we can't short uso
[11:21] {Threei} we can short OIH
[11:22] {magoo} oh right
[11:37] {Threei} and now for the wisdom from above:
[11:37] {Threei} TREASURY'S MCCORMICK: OIL PRICES ARE A HUGE BURDEN ON THE US ECONOMY
[11:37] {Threei} no, really?
[11:38] {kazaam} i think i speak for everybody, without government analysis we would be lost
[11:38] {Threei} like scared children in the darkness
[11:38] {Threei} and the most scary thing is
[11:38] {Threei} magoo would try to get me to hold his hand
[11:39] {magoo} that does it!!!!
[11:39] {Threei} oops
06[11:39] * magoo slaps Threei around a bit with a large trout
06[11:39] * Threei ducks
[11:58] {kazaam} MHP, 40.00 daily support, how do you think that will hold if the market turns downward?
[11:58] {Threei} doubt it
[11:59] {kazaam} tks
[12:13] {Threei} FSLR reports tomorrow
[12:14] {Threei} probable followers LDK, CSIQ
[12:14] {hawkfan4} that's always entertaining
[12:17] {Threei} I am morally, mentally and ethically ready for another big oil drop
[12:19] {Threei} I'd say, USO at 95 would bring tears of joy to my eyes
[12:22] {hawkfan4} mine too, and the sooner the beter
[12:32] {Threei} loss of .80 should launch next leg down USO
[12:33] {Threei} especially if stays under 98
[13:02] {magoo} .
[13:02] {magoo} 29 minutes of silence
[13:02] {Threei} see anything moving?
[13:03] {Threei} unless you want to scalp for 5 cents, thnere is nothing out there
[13:03] {GeoArb} emn?
[13:03] {magoo} i was hoping u did
[13:05] {Threei} not sure Geo
[13:05] {GeoArb} pulled back and approaching lows agfain
[13:07] {GeoArb} scalped 10 cents but got out as didnt have vad validation hehehe
[13:16] {GeoArb} drat
[13:23] {GeoArb} anyone else play emn?
[13:23] {kazaam} naw, i was on EOG for 8 cents
[13:24] {kazaam} the E's are paying out huge
[13:24] {GeoArb} emn dropped 60 cents and i booked 10
[13:24] {GeoArb} hehe
[13:25] {kazaam} time to start working on a time machine
[13:25] {GeoArb} way to go brushing teeth
[13:25] {GeoArb} CL broke
[13:28] {magoo} vad, any "feel" for how days gonna play out?
[13:28] {magoo} close on highs?
[13:28] {Threei} yes
[13:29] {Threei} for now at least
[13:29] {magoo} strange day
[13:31] {kazaam} fnm, trying to break 11.20
[13:34] {magoo} AAPL going for 159...risky..needs mkt
[13:44] {peterg} TITN
[13:44] {peterg} intrsg
[13:44] {peterg} th
[13:44] {peterg} tg
[13:44] {peterg} intrstg
[13:45] {Threei} give up peter
[13:45] {Threei} it's hopeless
[13:45] {Threei} just ask magoo
[13:45] {Threei} he tries to type things 5 times before he shrugs and leaves all his mistypes alone
[13:46] {magoo} yuiop
[13:46] {magoo} yip
[13:46] {Threei} zere u goe
[13:46] {magoo} uyp
[14:13] {hawkfan4} friggin oil
[14:14] {Threei} won't give up easy eh
[14:15] {Threei} I'd think it's simply oversold a bit short term
[14:15] {Threei} bounces are to be expected
[14:22] {Threei} well, wat was that
[14:22] {Threei} on both sides
[14:23] {Threei} SPENDINGPULSE: FOUR-WEEK RETAIL GASOLINE DEMAND -4.1% Y/Y, YTD DEMAND 2.2%, WEEKLY DEMAND +0.7% W/W, -4% Y/Y
[14:23] {Threei} - Weekly figure indicates that US retail gasoline demand is at its highest level since 2007.{USO}
[14:39] {Threei} UPDATE: SOLAR STOCKS TRADING AT NEW HIGHS FOR THE SESSION AGAIN AFTER TOMAS WEISEL MAKES POSITVE COMMENTS ABOUT OUTLOOK FOR THE REST OF THE YEAR
[14:39] {Threei} {SPWR TSL STP ESLR SOLF}
[14:43] {kazaam} nice earthquake here
[14:44] {Threei} where?
[14:44] {kazaam} los angeles
[14:44] {GeoArb} yup
[14:44] {lars} knocked down a pic on wall here
[14:44] {Threei} really?
[14:44] {Threei} wow
[14:44] {GeoArb} my windows shaking
[14:44] {magoo} wow
[14:44] {GeoArb} i had to errr
[14:44] {GeoArb} run out of house
[14:44] {lars} hope thats it!
[14:45] {Threei} on CNN now
[14:45] {Threei} USGS: EARTHQUAKE REPORTEDLY FELT IN LOS ANGELES AREA, NO WORD ON MAGNITUDE
[14:46] {lars} I live by Temecula in SoCal... shook pretty good
[14:46] {lars} not long though luckily
[14:47] {magoo} 5.6
[14:47] {magoo} los ang to san diego
[14:47] {lars} center?
[14:48] {kazaam} santa barbara too
[14:48] {Threei} epicenter seems to be near Pomona they said
[14:48] {laserdave1} geo dcc please
[14:48] {Chaeron} I'm ok in Newport if anyone was worried :))
[14:48] {Threei} and Chino Hills
[14:49] {Chaeron} I heard center was Chino
[14:49] {Threei} anyone heard from Chaeron lately?
[14:49] {Chaeron} :P
[14:50] {peterg} hmmm..hit laser sell, sez no short available; but I wuz long SOLF for my nickel
[14:50] {peterg} then i sold out losing my nickel.
[14:50] {peterg} grr
[14:50] {peterg} thks anyway
[14:51] {Threei} you had sell order in at higher price?
[14:51] {peterg} mkt
[14:51] {magoo} upgraded to 5.8
[14:51] {GeoArb} hehehe latimes down
[14:52] {peterg} going again SOLF
[14:53] {Threei} all solars do
[14:53] {peterg} watching
[14:53] {peterg} burnt, ha ha
[14:56] {magoo} any big reports tonite vad?
[14:56] {Threei} no
[14:57] {Threei} tomorrow FSLR, DIS, SBUX
[14:57] {Threei} SYMC
[14:57] {magoo} after bell tomorrow?
[14:57] {Threei} yeah
[14:58] {Threei} so solars are probably going to play tomorrow as well
[15:00] {Threei} so it's not a Big One yet?
06[15:00] * Threei takes off his hard hat
[15:06] {Threei} CTDC trying to jojn solar race
[15:09] {esemde} I like to hear that solars may be in play.....have been following a huge list of them
[15:10] {Threei} WM?
[15:22] {Threei} hearing npizes about FNM running ahead of Bush signing the bill... isn't it given?
[15:22] {hawkfan4} if i knew what a npizie was i could answer ;)
[15:23] {fernp} lol
[15:23] {Threei} I aam so sleepy, I can't even unholster my trout
[15:23] {hawkfan4} :) my lucky day
[15:23] {Threei} that's your salvation :)
[15:24] {peterg} zzzz
[15:24] {Threei} great... just when I started lifting my eyelids
[15:25] {Threei} thanks a lot peter
[15:25] {magoo} trout??
06[15:25] * Threei ducks
06[15:25] * magoo slaps Threei around a bit with a large trout
[15:25] {peterg} good, thanks
[15:25] {peterg} that feels betr
[15:26] {peterg} btw, I saw vad's favorite movie, "Stalker"
[15:26] {Threei} really? I bet you fell asleep 12 times
[15:26] {peterg} at 2hrs 45 min, i was asleep for 9/10 of it
[15:26] {peterg} very talky philosophical
[15:27] {peterg} camerman learning to shoot distant pans
[15:27] {Threei} thing is, that's half of the package
[15:27] {Threei} there was a book first,
[15:27] {Threei} very dynamic
[15:27] {kazaam} the ending of stalker was the best
[15:27] {Threei} real page turner
[15:27] {peterg} with the telekinesis?
[15:27] {Threei} called Roadside Picnic
[15:27] {kazaam} yeah
[15:27] {kazaam} so you suggest reading the book?
[15:27] {Threei} then movie was filmed,
[15:27] {kazaam} which is slower?
[15:28] {Threei} based purely on underlying phylosophical message
[15:28] {Threei} if you read the book, you may appreciate the movie
[15:28] {Threei} if not, it's pure zzzz
[15:28] {Threei} book was very dynamic, kaz
[15:29] {Threei} nothing like movie
[15:29] {kazaam} i am going to take a gamble and assume the book is more entertaining than the markets right now
[15:29] {Threei} and Stalker himself is a very colorful figure
[15:30] {peterg} there was something gripping & involving, but I can't figure out what
[15:30] {peterg} The pace was glacial.
[15:30] {Threei} http://en.wikipedia.org/wiki/Roadside_Picnic
[15:31] {Threei} A Roadside Picnic film based on the novel is now in development by Columbia TriStar, to feature John Travolta, with a 2008 release date
[15:31] {kazaam} yeah, when i think Stalker i think JOhn travolt
[15:32] {kazaam} jk jk
[15:32] {Threei} hehe
[15:32] {Threei} digfferent meaning of word
[15:33] {Threei} book itself in both languages:
[15:33] {Threei} http://www.shnaresys.com/roadside/picnic/parallel.htm
[15:33] {peterg} vad you are a scholar of the book/movie
[15:34] {GeoArb} pssst
[15:34] {peterg} is that the whole book?
[15:34] {GeoArb} he is the authhor
[15:34] {peterg} ahhhh
[15:34] {Threei} lol
[15:34] {Threei} not sure, didn't scroll it all
[15:35] {Threei} looked in a few spots, looks authentic
[15:35] {peterg} is long
[15:35] {Threei} not really
[15:35] {peterg} shlee i shlee, i pele vechnuyu pamyatch (opening line of Dr. Zhivaog
[15:35] {peterg} we will now discuss russian literature
[15:36] {peterg} before sleeping
[15:36] {peterg} while sleeping
[15:36] {GeoArb} you insulting?
[15:36] {peterg} whom?
[15:36] {peterg} how?
[15:36] {GeoArb} russinan lit
[15:36] {peterg} nyet
[15:36] {GeoArb} lolol
[15:37] {peterg} esp. old Russ lit, like it myuself
[15:38] {Threei} mags, market seems to be doing it
[15:38] {Threei} wants to close at the high
[15:39] {peterg} laser couldn't give me SOLF or ESLR to short when it was trending down Universal?
[15:40] {Threei} I guess they are shorted to death, not much inventory
[15:40] {Threei} one of factors that drives price up now
[15:40] {Threei} book can be downloaded from official site of authors at http://www.rusf.ru/abs/books/pno.zip
[15:40] {GeoArb} yes universal
[15:41] {GeoArb} i checked 2 others
[15:41] {laserdave1} mer going nuts
[15:41] {GeoArb} my previous mention
[15:41] {GeoArb} cl
[15:43] {peterg} thks
[15:44] {Threei} from NQ daily, 1860 bereak should launch next leg up
[15:44] {Threei} hawk... no question "what bereak is" is allowed
[15:44] {hawkfan4} lol, :)
[15:45] {peterg} thats our next pres, bereak obama
[15:46] {Threei} great... how did I get myself in political discussion
[15:46] {peterg} except canadians, never mind
[15:46] {GeoArb} are you talking about cathering the great vad?
[15:47] {peterg} geo, what is cathering? medical procedure?
[15:47] {Threei} rofl
[15:47] {GeoArb} lol
[15:47] {GeoArb} bunch of potemkins
[15:47] {peterg} fooled catherine
[15:50] {Threei} OK guys, tomorrow should be an interesting day
[15:50] {magoo} ty vad..all
[15:50] {Threei} solars get in the picture, it's been a while since we had anything to play aside of financials and airlines
[15:50] {Threei} a bit more variety in the buffet
[15:51] {Threei} have a good evening, see you all tomorrow
[15:51] {lars} nice :)
[15:51] {lars} evening all
[15:51] {peterg} bye all
[15:51] {peterg} hope quake done
[15:52] {fernp} see you all tomorrow

Jul 28 2008

[08:17] {Threei} IRAN PRESIDENT SAYS OIL PRICES 'NOT REALISTIC'; WOULD WELCOME NEW US TACK - NBC INTERVIEW
[08:17] {Threei} - NBC ran a snippet ahead of its interview with Iran's President to be broadcast later tonight
[08:43] {Threei} 08:30am [NTWK] Guides FY09 $0.40-0.45 v $0.37e; Guides FY09 Rev +30%-35% y/y (only 1 est.)
[09:01] {dptl} good morning all
[09:03] {Threei} Good morning :)
[09:04] {pita} gm everyone
[09:04] {Threei} pita :)
[09:06] {peterg} gm all
[09:06] {Threei} peter :)
[09:08] {peterg} for me today will be very interesting and frustrating; I now hve the famous laser platform, so I am back in first grade yet again.
[09:09] {Threei} just allow yourself time to learn it
[09:09] {peterg} and dont smash computer
[09:09] {Threei} it's a powerful weapon, learning curve is not really steep but will take a few
[09:10] {peterg} minutes? months
[09:10] {peterg} years
[09:10] {Threei} days :)
[09:10] {peterg} good
[09:11] {Threei} you have my layout as a starting point
[09:11] {Threei} adjust things for your configuration
[09:12] {peterg} layout from video
[09:12] {Threei} and re-orient your priorities for couple days,
[09:12] {Threei} don't try to make money right away, aim for learning the software
[09:13] {Threei} when you become comfortable with tools, you can focus on utilizing them
[09:14] {Threei} slappng dave with herring helps too
[09:14] {peterg} looking forward to it
[09:15] {Threei} you'll enjoy it... everyone who tried it once just can't let the fish go
[09:15] {Threei} lars, welcome aboard
[09:17] {hawkfan4} good morning
[09:17] {Threei} hawk :)
[09:17] {Threei} so, OPEC prez says oil should go to 70-80... Iran prez makes friendly noizes
[09:17] {Threei} what does this thing stil do above 129
[09:18] {Threei} REPORTEDLY THE US BUDGET DEFICIT SEEN AROUND $490B IN FY2009 - ADNMINISTRATION OFFICIAL
[09:18] {Threei} 129 = 120
[09:19] {cosmo} NTWK holds 3.45 ...so far
[09:20] {Threei} 3.40 - 3.60 range for now
[09:21] {fernp} good morning all
[09:21] {Threei} fern :)
[09:21] {Threei} one of those stocks today... either dies on the vine or gets attention and turns into serious runner
[09:21] {esemde} good morning.....
[09:21] {Threei} ese :)
[09:21] {esemde} morning vad
[09:22] {esemde} need to get back to work.........just about slept in again
[09:22] {lars} morning all thanks for welcome Vad
[09:22] {esemde} summer holidays makes you lazy I think
[09:22] {Threei} :)
[09:22] {Threei} from daily chart, 3.20 area is support
[09:22] {Threei} I don't have that problem ese
[09:23] {Threei} I am equally lazy any time of the year
[09:23] {esemde} I want your problem then
[09:24] {Threei} IRAN PRESIDENT: IRAN IS NOT WORKING ON A NUCLEAR WEAPON - NBC NEWS INTERVIEW PREVIEWS
[09:24] {Threei} {USO}
[09:25] {Threei} overall, usual suspects on radar... FNM, UAUA, FRE, plus NTWK
[09:26] {Threei} if oil getting hit UAUA is a player again
[09:28] {magoo} HEY:)
[09:29] {Threei} mags!
[09:29] {Threei} greeting trout in order?
[09:29] {esemde} AMGN up 7 pts
[09:30] {Threei} got a few upgrades
[09:30] {magoo} please do
[09:30] {esemde} and new osteoperosis drug as well
06[09:30] * Threei slaps magoo around a bit with a large trout
[09:31] {magoo} i knew something missing all week
[09:31] {Threei} :)
[09:33] {Threei} .15 long UAUA
[09:33] {Threei} stop under 7
[09:33] {Threei} too fast?
[09:33] {Threei} no chasing
[09:34] {Threei} it gives sudden "teleportations" up and down
[09:34] {Threei} one of such to the downside gives an entry chance for fast traders
[09:34] {Threei} but have to time it with USO moves
[09:35] {Threei} over 1:1 if anyone got it (doubtfully)
[09:35] {magoo} i did :)
[09:35] {Threei} wow... some got nice rest
[09:35] {Threei} grab profit or at least partial
[09:36] {magoo} ok out .38
[09:36] {magoo} TY
[09:36] {Threei} welcome, nice start after vacation
[09:36] {Threei} if USO moves down sharply, watch for UAUA headfake downtick
[09:37] {esemde} LSchw
[09:37] {Threei} it does it often shaking traders out before jumping up
[09:37] {esemde} 22.18
[09:37] {esemde} 1/2 lot
[09:38] {Threei} VVUS
[09:38] {Threei} break over .70 long
[09:38] {Threei} if stays above .55
[09:39] {Threei} FNM, watch for pullback into 12 - 12.20 area for entry
[09:42] {Threei} here comes sizeable pullback UAUA
[09:42] {Threei} USO drop will give an entry now
[09:43] {Threei} 99.50 break should launch next leg down
[09:46] {Threei} die USO
[09:47] {kazaam} did fnm already waste its bounce?
[09:47] {kazaam} or you think its got another?
[09:48] {Threei} didn't pull back deep enough for me
[09:48] {Threei} it haas ranges wider than this
[09:48] {Threei} here goes USO
[09:49] {Threei} if you got UAUA, stop under .20
[09:49] {magoo} vad, FNM?
06[09:49] * Threei hits USO over the head with 2x4
[09:50] {Threei} feels like should dive deeper FNM
[09:50] {Threei} under 12
[09:50] {Threei} watch for quick selling
[09:50] {kazaam} awww, the 2x4 is sometimes for subtle than the boots
[09:51] {Threei} 2x4 works
[09:52] {kazaam} amgn break high or low a decent play?
[09:52] {Threei} can't get a grip on it kaz... not sure
[09:53] {Threei} feel free to scalp or partial here on UAUA
[09:54] {Threei} with entry about .35, nicely above 1:1
[09:56] {Threei} FNM should lose 12 now
[09:58] {peterg} ok i like laser & colors are prettier
[09:59] {Threei} yup, I am a sucker for flashing lights too
[10:00] {Threei} and you have dave to slap as a bonus
[10:00] {Threei} icing on a cake so to speak
[10:00] {peterg} where is he
[10:00] {Threei} slacking
[10:00] {Threei} which gets him double trout when he wakes up
[10:00] {Threei} but if you need urgent help, phone him
[10:01] {peterg} nope, i just figured out how to buy...now if I can figure out how to sell....
[10:01] {Threei} lol
[10:03] {Threei} missed FNM dive under 12
[10:03] {magoo} wa last week up week or down for mkts overall?
[10:03] {Threei} up... and don't tell me you unlearned how to tell that from chart
[10:04] {magoo} hey, im even lazier now than before i left lol
[10:04] {Threei} is it even possible?
[10:04] {magoo} if thats possible
[10:04] {Threei} I perceive it as a threat to my king of laziness status
[10:05] {magoo} waiting .71 uaua
[10:06] {Threei} whatcha got on entry?
[10:06] {magoo} .34
[10:06] {Threei} :)
[10:06] {magoo} there TY
[10:07] {Threei} welcome
[10:07] {Threei} this pair continues giving
[10:15] {Threei} get ready for bounce scalp FNM
[10:16] {Threei} IMF REPORT: RISKS TO THE FINANCIAL SECTOR REMAIN ELEVATED, THE SECTOR REMAINS FRAGILE, SEE INCREASED LIKELYHOOD OF THE SECTOR'S WOES IMPACTING THE REAL ECONOMY
[10:16] {Threei} - The bottom for the US housing market is not visible, declining home values may make homes more affordable and help stabilize the market.
[10:16] {Threei} - Sees "systemic consequences" if confidence is lost in the GSEs. The GSE model requres further examination and oversight.{FRE FNM}
[10:17] {Threei} in
[10:17] {magoo} in .79
[10:17] {Threei} stop .69
[10:17] {Threei} may take a few tries
[10:19] {kazaam} target is around 12?
[10:19] {Threei} at least
[10:19] {Threei} most likely higher
[10:19] {magoo} seems like 12.25 area
[10:21] {Threei} stopped
[10:21] {magoo} yup
[10:37] {magoo} hello?
[10:37] {magoo} 15 minutes of silence
[10:37] {patience} missed you magoo, overwhelmed by your presence :)
[10:37] {Threei} lol
[10:38] {magoo} :)
[10:39] {Threei} CNBC: TREASURY PAULSON TO SPEAK AT 2:30PMET
[10:40] {magoo} u make alot of cake without me last week?
[10:40] {Threei} almost all of it
[10:40] {Threei} we were in hurry to grab as much as we could before your return
[10:40] {magoo} dino left me a post-it on desk..made big $$
[10:41] {magoo} nioceof him
[10:41] {magoo} nice
[10:42] {Threei} .71 long FNM if stays above .60
[10:47] {Threei} NTWK never got any traction
[10:47] {Threei} probably dead in the water
[10:48] {Threei} BRCM
[10:48] {Threei} 24 break long
[10:48] {Threei} stop under .80
[10:50] {Roman} 21 CHK
[10:50] {Threei} FNM is valid
[10:50] {Roman} 21 HK looks decent
[10:51] {Roman} 21 and CHK for long continueation
[10:55] {pita} stop FNM?
[10:55] {Threei} .55
[10:58] {Threei} feels like tide has changed to upward on FNM again
[10:58] {Threei} needs a l,ittle help by market
[11:00] {Threei} .85 break should send it back to 12
[11:03] {Threei} market weakens... holding it back
[11:16] {Threei} OPEC PRES: PROBABLE FOR OIL PRICES TO REMAIN STABLE AT CURRENT LEVEL
[11:16] {Threei} - Reminder Saturday the OPEC President noted that oil prices should trend towards the $70-80/bbl level{USO}
[11:16] {Threei} guy changes his mind faster than daytrader
[11:18] {kazaam} @ 1250 on S&P, could be a critical break
[11:20] {Threei} 7.25 long UAUA
[11:20] {Threei} 7.14 stop
[11:24] {esemde} I'm back..with a loss...was out of SCHM 22.02 for a minus .-16. phone call from Norway...want my High school band to come there on tour next year but we are already going to Belgium
[11:25] {esemde} let that be a lesson to you all....
[11:25] {esemde} distractions turn into losses
[11:26] {Threei} USO is too strong for market to hold up it seems
[11:26] {esemde} in this case small loss...
[11:26] {esemde} man....cannot believe the phone calls i'm getting
[11:26] {Roman} 21 watching CSIQ
[11:27] {Roman} 21 probably wants over $30
[11:48] {Threei} LEH
[11:48] {Threei} MAINTAINS Q3 DIVIDEND AT $0.17
[11:52] {peterg} Laser, a high-speed trading platform, makes it possible to lose money faster than ever before.
[11:53] {peterg} Did take smaller sh size, tho, so not too bad
[11:53] {peterg} ain't learning grand?
[11:54] {Threei} sure is... and very rewarding when learning curve is over
[11:54] {Chaeron} Good morning all... welcome back Mags... hope to see vids on youtube of your past week :)
[11:54] {Threei} chaeron :)
[11:54] {magoo} chaer
[11:55] {magoo} living my dream...6 days mx
[11:55] {magoo} vad, what qwuote server u on?
[11:55] {Threei} 11
[11:56] {magoo} ty
[12:00] {kazaam} i thought it was 11-12 o'clock the way things are trading
[12:01] {magoo} sigfh...i had 65 emails to come back too
[12:01] {kazaam} select all } delete?
[12:03] {magoo} well..some i need to see lol
[12:21] {magoo} hello
[12:21] {magoo} its been 18 mins
[12:22] {Threei} someone got too precise watch
[12:38] {Threei} both USO and market got locked in a narrow range
[12:39] {Threei} USO break of 99.50 should re-energize the market
[12:40] {magoo} vad, was there recent negative news with aapl?
[12:41] {Threei} nothing ground shaking
[12:44] {Threei} USO chose to spike instead
[12:44] {Threei} btw magoo
[12:44] {magoo} uh oh
[12:44] {Threei} last two days on last week were first days that looked like typical summer
[12:45] {Threei} just so you know, we finally maybe entered it
[12:45] {Threei} maybe not... we will see
[12:45] {magoo} ok..thought a slap was comig
[12:45] {Threei} oh, that is not very far
06[12:45] * Threei slaps magoo around a bit with a large trout
[12:46] {Threei} just wanted to alert about slight pattern change you and lars, since you weren't here last week
[12:46] {Threei} whole thing before that didn't look like normal summer trading at all, so it's a very recent change
[12:47] {lars} I have a lot to learn :)
[12:49] {Threei} we all do, just some of us are better at pretending they learnt everything there is
[12:56] {dptl} Vad dcc,pls
[13:10] {Threei} FED'S MISHKIN: INFLATION TARGET SHOULD BE HEADLINE, NOT CORE, AS CORE MAY BE A BIASED MEASURE OF LONG RUN INFLATION - Q&A
[13:10] {Threei} - Reacting too much to headline and not core inflation couldn lead to bad outcomes, core inflation does not contain important information for policy makers.
[13:10] {Threei} - Expects inflation to drop to around 2% in the next three years.
[13:10] {Threei} - The recent drop in oil is "very welcome."
[13:29] {magoo} uso breaks .50 vad
[13:30] {Threei} not sure about follow throuigh
[13:32] {Threei} the only way right now to play this kind of moves is if it drops sharply and UAUA gives a delay enough for entry
[13:35] {Threei} this UAUA pullback creates good base for entry - IF USO drops fast from here
[13:47] {Threei} WHITE HOUSE: ECONOMY CONTINUES TO EXPAND, REMAINS "FUNDAMENTALLY RESILIENT"
[14:15] {magoo} .
[14:15] {Threei} fine point
[14:22] {Threei} PREVIEW: TREASURY'S LATEST QUARTERLY FINANCING ESTIMATES EXPECTED AT 3PMET
[14:25] {magoo} market mover?
[14:29] {Threei} probably
[14:29] {Threei} oil is major force moving market right now
[14:31] {magoo} cnbc paulson news coming
[14:50] {esemde} would have to agree with that statement Vad....as I look at the OEX....it mimickss the indexes or they are mimicking it.
[14:51] {esemde} opps oex isn't Oil index thats the S&P 100
[14:54] {Threei} just use USO for oil
[15:07] {esemde} Ok signing off...have a tee time at 1:00pm out in your neck of the wods Vad....Cordova Bay
[15:08] {Threei} have fun :)
[15:08] {esemde} see you all tomorow
[15:08] {esemde} i will
[15:08] {magoo} bye es
[15:08] {esemde} see ya mags
[15:15] {Threei} looking for UAUA to hold 7 and break 7.10 for a scalp
[15:26] {judijim} we're signing off, did trade today for net + $1225, be back tomorrow
[15:30] {Threei} take care jj
[15:43] {fernp} I have to go. see you all tomorrow.
[15:44] {Threei} take care fern
[15:44] {Threei} fairly empty day
[15:44] {Threei} couple good moves in the morning, then plug gets pulled
[15:53] {Threei} OK guys, let's have a good evening
[15:53] {Threei} thank you all, see you tomorrow
[15:53] {dptl} have a good evening all

Jul 25 2008

Session Time: Fri Jul 25 00:00:00 2008
[08:26] {Threei} Fre
[08:26] {Threei} SAYS JUN RETAINED MORTGAGE PORFOLIO UP TO $791.8B V $770.4B PRIOR MONTH
[08:30] {Threei} JUN DURABLE GOODS ORDERS: 0.8% V -0.3%E;
[08:30] {Threei} EX-TRANSPORTATION: 2.0% V -0.2%E
[08:30] {Threei} - Prior Durable Goods revised from 0.0% to 0.1%
[08:30] {Threei} - Prior Ex-Transportation revised from -0.8% to -0.5%
[09:00] {esemde} gutten morgan.....ya das vhat it izzz......a nader fine day!!!!
[09:00] {Threei} good morning :)
[09:00] {esemde} Vad..
[09:00] {esemde} cos, dp hawk jmb peter
[09:01] {hawkfan4} good morning
[09:01] {Threei} hawk :)
[09:06] {peterg} troops assembling--morning all
[09:06] {Threei} peter :)
[09:08] {fernp} good morning all
[09:08] {esemde} morning peter....By The Left!!!!Quick March!!!!!
[09:08] {Threei} fern :)
[09:09] {peterg} ese--you have marching band, yes?
[09:10] {peterg} or rock band,
[09:10] {peterg} music is your muse
[09:10] {peterg} one of them
[09:10] {cosmo} and wet grass for morning practice?
[09:11] {peterg} memory lane
[09:12] {judijim} hello and good morning all
[09:13] {Threei} jj :)
[09:14] {Threei} brb
[09:14] {peterg} byob?
[09:21] {Threei} FUEL
[09:21] {Threei} ENTERS MULTI-YEAR MARKETING AGREEMENT WITH CHEVRON
[09:21] {Threei} - Subsidiary H & W Petroleum Company, Inc. has entered into a multi-year Lubrication Marketer Agreement with CVX unit Chevron Products Company to market Chevron branded lubricants. The Company's similar agreement with Chevron U.S.A. for its Texaco brand of lubricants which was entered into in 2005 also remains in place.
[09:21] {Threei} - Financial terms were not disclosed
[09:23] {Threei} USO drop propped UAUA... realtion is still there
[09:27] {dptl} good morning all
[09:27] {Threei} dp :)
[09:28] {esemde} whoaaa...did you see the fusalage of that Qunatas 747 on route from London to Australia.....2.5 X 3 meter hole...
[09:28] {esemde} picture in the news
[09:28] {cosmo} what did it?
[09:29] {esemde} pasengers just heard an explosion of some kind.
[09:29] {cosmo} oh
[09:29] {cosmo} not Quantas...
[09:29] {peterg} may the market explode with happiness
[09:30] {esemde} http://www.mytelus.com/new_homepage/ ....heres a link to mytelus
[09:32] {Threei} SQNM 22.16 long if stays above 22, half lot
[09:32] {esemde} good looking daily chart Vad
[09:32] {Threei} and biotech sector really getting attention
[09:33] {esemde} i'm in bstop 22.16
[09:34] {Threei} wow FNM
[09:34] {kazaam} nuva, break of .50
[09:34] {kazaam} darn huge spread
[09:34] {esemde} sqnm invalidated
[09:35] {esemde} bstop removed for me
[09:37] {Threei} UAUA long .11
[09:37] {Threei} atop under 8
[09:38] {esemde} l jrcc 34.03
[09:38] {esemde} 1/2 lot
[09:39] {esemde} stop 33.80
[09:39] {Threei} take UAUA profit here who got it
[09:39] {esemde} stopped....damn that was fast
[09:39] {Threei} out +30
[09:40] {esemde} nice vad
[09:40] {esemde} bstop ARBA 17.11 1/2 lot
[09:40] {Threei} US SENATE ENERGY BILL REGARDING SPECULATION IN ENERGY MARKETS HAS REPORTEDLY FAILED A PROCEDURAL ELEMENT, WILL NOW BE SET ASIDE
[09:41] {Threei} [15:25] {Threei} I start really looking foward for oil to reverse back down... UAUA retreat is so significant, upside is going to be great
[09:42] {esemde} ARBA invalidated for me
[09:42] {esemde} hmmmmm...not having much luck here today
[09:43] {Threei} UAUA nice pullback, look for USO resumtion down for re-eentry
[09:44] {Threei} not yet, USO upticking
[09:44] {Threei} UAUA tends to overshoot on both sides, be patient
[09:44] {Threei} better miss the play than be in too early
[09:45] {kazaam} vad, i must say, you ability to type to the room and take these trades is remarkable, this is coming from a guy who has played video games his whole life
[09:45] {Threei} sometimes I miss them while typing
[09:45] {esemde} I'll Second that Emotion!
[09:45] {esemde} Smokey Robinson
[09:46] {Threei} on UAUA call parrticularly had to take .15 instead of .11
[09:47] {kazaam} any read on amzn?
[09:48] {Threei} 80 BREAK
[09:48] {Threei} SMALL
[09:48] {Threei} stop under .80
[09:48] {Threei} 1:2 already
[09:48] {kazaam} heh, i missed
[09:48] {Threei} I mean 1:4
[09:48] {Threei} lol
[09:49] {Roman} 21 CROX
[09:49] {Roman} 21 bouncing
[09:51] {Threei} QLGIC
[09:51] {Threei} QLGC
[09:51] {Threei} 19.20 long
[09:51] {Threei} if stays above 19.05
[09:52] {Roman} 21 bidding crox
[09:52] {Roman} 21 on pullback 5.01
[09:53] {kazaam} DNA might break 95.34
[09:53] {esemde} VDSI bstop 13.91
[09:54] {Roman} 21 observing WM on CNBC comments
[09:54] {Roman} 21 WM Washington Mutual: Faber on CNBC says WM spokesperson said they now have $50 bln in liquidity, up from $40 bln at end of Q2 (3.75 -0.28)
[09:55] {Threei} US SENATE HOUSING BILL HAS REPORTEDLY PASSED A PRODEDURAL ELEMENT, VOTE TO COME SAT
[09:55] {Threei} *JULY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 61.2 V 56.4E
[09:55] {Threei} - 1 yr median inflation expectations at % v 5.3% July Prelim. (5.1% in June)
[09:55] {Threei} - 5 yr median inflation expectations at % v 3.4% July Prelim. (3.4% in June)
[09:55] {esemde} L VDSI .90
[09:56] {Roman} 21 WB
[09:56] {Roman} 21 for bounce
[09:56] {Roman} 21 in 15
[09:56] {Threei} FNM 11 break long
[09:58] {Threei} stop under 11.90
[09:58] {Threei} 10.90, sorry
[09:59] {kazaam} qlgc still gud?
[09:59] {Threei} yes
[10:00] {kazaam} go market go
[10:00] {Threei} JUN NEW HOME SALES: 530K V 503KE,
[10:00] {Threei} woohooo
[10:00] {peterg} FNM in at .04
[10:00] {Threei} -0.6% M/M V -1.8%E
[10:00] {Threei} - Prior revised from 512K to 533K
[10:00] {Threei} half out FNM
[10:01] {Roman} 21 in WM
[10:01] {Roman} 21 3.85
[10:01] {esemde} nice trade Vad
[10:01] {Threei} ty
[10:01] {esemde} stopped
[10:01] {esemde} VDSI
[10:02] {peterg} out FNM @ .35 +30 tks vad
[10:02] {Threei} welcome
[10:02] {Roman} 21 out WB +.45
[10:02] {esemde} OK stopped twice.....i'm just watchin.....
[10:02] {Threei} wtg Roman
[10:03] {peterg} have boldly increased sh size to 300; can smell the $$
[10:03] {hawkfan4} thx for WB roman, nice one
[10:03] {Threei} follow MPP procedure peter
[10:03] {peterg} pride goeth...........
[10:03] {Roman} 21 yw, spike inthe markets helped
[10:04] {Threei} UAUA
[10:04] {Threei} S&P CUTS LONG-TERM RATINGS TO "B-" FROM "B"
[10:04] {peterg} ok taking out blue book
[10:04] {Threei} lol
[10:05] {Threei} making money is the beautiful thing, and position size increase helps... just don't want you to act in a rush, there are steps to follow
[10:05] {peterg} right, see p 170, increasing Trading size
[10:06] {Threei} right
[10:06] {peterg} When I screw up, drop back
[10:06] {Threei} trust me... those steps are derived form both my own experience and tutoring more traders than wanted to be tutored
[10:07] {peterg} I do vadsky, ido
[10:07] {Threei} trigger already QLGC
[10:07] {Threei} you know you want higher
[10:07] {Roman} 21 out 1/2 WM +.30
[10:08] {hawkfan4} thx again :) out full +.30 wm
[10:09] {Threei} fiiiinally
[10:09] {Threei} now just go, no shakes, no silly games
[10:09] {Roman} 21 once in a while we hae to get lucky
[10:09] {kazaam} stop 19.10?
[10:10] {Threei} how does it feel peter, to go from the state of "what the heck is going on" that you claimed not so long ago, to making money in live trading? :)
[10:10] {Threei} btw, let's put QLGC stop under .10
[10:11] {Threei} yes kaz
[10:11] {peterg} really good
[10:11] {Threei} initially was under .05
[10:11] {Threei} but it gave new range before triggering
[10:12] {Roman} 21 wacthing CROX
[10:12] {Roman} 21 maybe take very small
06[10:12] * Threei kicks QLGC in the rear with steel toed heavy duty army boots
[10:12] {Threei} ahha... violence works
[10:12] {peterg} I am learning techniques of following masters; quite a way from being one.
[10:12] {Threei} take that .25 now
[10:13] {Roman} 21 vad any read o CROX?
[10:13] {Threei} no, sorry
[10:13] {Threei} not my type
[10:13] {Threei} and I hate those shoes
[10:14] {Threei} FNM, this trime around 11 is not an entry IMO
[10:14] {Threei} let it sort things out for now
06[10:16] * Threei pokes QLGC with high voltage sharp stick
[10:16] {kazaam} would klac have been a good reversal play? at 37.28?
[10:16] {kazaam} or is that just hindsight agian
[10:17] {Threei} pattern wise, it's a valid one
[10:17] {Threei} not just hindsight
[10:17] {kazaam} tks
[10:18] {Threei} hmmm... did I paralyze QLGC with that poke?
[10:20] {esemde} obviously in too soon on JRCC...
[10:23] {Threei} UAUA .50 break long if USO drops
[10:23] {Threei} and if holding above .35
[10:26] {Threei} out QLGC
[10:26] {Threei} tiresome
[10:37] {kazaam} qcom, break of .92?
[10:39] {Threei} if market helps
[10:39] {Threei} wouldn't want to buy breaks in dropping market
[10:41] {kazaam} gotcha
[10:45] {Threei} stop under .80
[10:45] {Threei} with some padding probably, .75 or so
[10:48] {Threei} looks like help is coming
[10:48] {Threei} 55 break will make or break this play
[10:48] {kazaam} i am skeptical
[10:49] {kazaam} yep
[10:49] {Threei} I am not
[10:49] {Threei} it will break
[10:49] {Threei} broke... then retreated, lol
[10:54] {peterg} any read MEE
[10:55] {Chaeron} good morning all
[10:55] {Threei} no peter, too jumpy
[10:55] {Threei} Chaeron :)
[11:07] {peterg} going to get 2nd cup of coffee
[11:08] {peterg} large dark roast from Starbux inside B&N
[11:20] {peterg} back with lg cfee; no one has said anything since I left.
[11:20] {peterg} ok, b that way
[11:20] {Threei} lol
[11:21] {Threei} everything just fell asleep
[11:21] {peterg} flat lining
[11:23] {peterg} UAUA close to low again
[11:24] {peterg} USO up
[11:43] {peterg} what are people doing?
[11:44] {Threei} looking at scanner... looking at the charts...
[11:44] {peterg} is this the beginning of market summer?
[11:45] {Threei} could be... if so, we were blessed with almost 2 months of abnormal activity
[11:45] {Threei} and I have a feeling even the rest of summer is going to be way more usable than usual
[11:45] {peterg} good
[11:45] {hawkfan4} i hope you're right about that
[11:46] {Threei} yesterday was the first day in whole summer that I felt like summer
[11:46] {peterg} your baby needs new shoes, too?
[11:46] {Threei} and it was second half of the day only
[11:50] {peterg} ESRX? 2 days break
[11:51] {Threei} wirth small shares try
[11:51] {Threei} worth
[11:51] {Threei} can be very volatile, be careful\
[11:52] {peterg} just watchin
[11:53] {hawkfan4} vad, LEH short off 17.50 if the market turns?
[11:54] {Threei} do you havwe short available for it?
[11:54] {hawkfan4} yep
[11:54] {Threei} cool, then yes
[11:55] {hawkfan4} thanks :) in .55
[12:03] {Threei} covered any?
[12:05] {hawkfan4} not yet
[12:07] {hawkfan4} out 1/2 at .28
[12:08] {Threei} :)
[12:17] {peterg} Congratulations! How short LEH? Cox be comin
[12:18] {hawkfan4} lol, thx
[12:23] {hawkfan4} 1/4 more out .03
[12:27] {hawkfan4} out all .15
[12:28] {peterg} now go long LEH?
[12:28] {hawkfan4} not me
[12:30] {dptl} lost laser conection
[12:32] {dptl} vad..your laser workig?
[12:40] {Threei} yes
[12:41] {dptl} oh just came back...wierd
[12:41] {Threei} must be your connection... mine never quit
[12:50] {Threei} feelas like USO breakdown of 100 ashould trigger UAUA break of 8 for a long
[12:56] {Threei} stop under .90
[13:00] {Threei} 1:1
[13:01] {fernp} out +.12 TY
[13:02] {Threei} :)
[13:02] {Threei} easy money
[13:03] {Threei} once you get a grip on certain pattern, it's simply a matter of exploiting it until it stops working
[13:05] {fernp} too nervous for me UAUA, but this one was easy
[13:14] {hawkfan4} 13:12 S&P Puts Freddie Mac And Fannie Mae On CreditWatch Negative
[13:41] {dptl} cymi short?
[13:41] {Threei} probably, on .10 break
[13:42] {dptl} got .10
[13:42] {dptl} .20 stop
[13:44] {Threei} nice and easy
[13:44] {dptl} +.10
[13:48] {dptl} xmsr same set up looks like
[13:49] {dptl} if go thru .10 may be?
[13:52] {dptl} simo?
[14:05] {Threei} XMSR yes
[14:05] {dptl} stoped simo
[14:10] {fernp} have to go. see you on monday. have a nice weekend all
[14:10] {Threei} take care fern
[14:13] {Threei} test
[14:13] {dptl} pass
[14:13] {Threei} I guess...
[14:13] {Threei} for some reason I have typing bar separated by two sections
[14:14] {Threei} can't understand what second on is so I typed in it
[14:14] {Threei} whatever... two sections probably is better than one
[14:14] {dptl} :)
[14:14] {Threei} the very fact that I am researchinh it shows how bored I am {G}
[14:15] {Threei} FORMER FED GOVERNOR POOLE: THE GSES SHOULD BECOME PRIVATE FIRMS
[14:15] {Threei} {FNM}
[14:16] {dptl} short xmsr .16
[14:16] {dptl} .22 stop
[14:17] {dptl} may be it'll reak .10 now
[14:17] {dptl} break
[14:25] {dptl} biding 9 ..stop to b/e
[14:36] {dptl} out flat
[14:57] {Threei} do we really have two more hours to go??
[14:57] {Threei} I broke keyboard with my chin
[14:58] {dptl} just one
[14:58] {hawkfan4} just one more
[14:58] {Threei} oh
[14:58] {Threei} sheesh... lost ability to read the dial too
06[14:58] * Threei slaps laserdave1 around a bit with a large trout
[14:58] {Threei} nah... doesn't help... still sleepy
06[14:59] * Threei slaps laserdave1 around a bit with an old sofa with sticking springs
[15:00] {Threei} that's better
[15:00] {Threei} watch for PNSN possible pullback to 17.50 for bounce scalp
[15:06] {peterg} snooooore
[15:06] {peterg} how about seeing Batman ?
[15:13] {laserdave1} ah thats what i always wanted a new sofa
[15:26] {peterg} fading away into nothingness;
[15:30] {dptl} have a good weekend all
[15:31] {peterg} u2, dp
[15:31] {Threei} OK guys, let's end the torture
[15:32] {Threei} this is a day that ended within 2 hours after it begun
[15:32] {Threei} thank you all, have a great weekend, see you all on Monday
[15:32] {hawkfan4} thx vad
[15:33] {peterg} alrigihty then, have a good w/end & see you Mon

Jul 24 2008

Session Time: Thu Jul 24 00:00:03 2008

[08:12] {Threei} PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET
[08:12] {Threei} - Expectations for initial claims are 380K v prior release of 366K.
[08:12] {Threei} - Continuing claims seen at 3.160M v prior 3.122M.
[08:13] {hawkfan4} good morning
[08:13] {Threei} Good morning early birds
[08:13] {tomg} good morning
[08:13] {Threei} tom :)
[08:18] {Threei} QCOM
[08:18] {Threei} NOKIA TO PAY A SUBSTANITAL UPFRONT PAYMENT - CON CALL
[08:18] {Threei} 07:39am [QCOM] Guides Q4 adjusted EPS $0.49-0.51 v $0.54e, R $2.5-2.7B v $2.71Be - conference slides
[08:19] {Threei} 07/23/08 07:29pm [QCOM] Reports Q3 $0.55 (pro forma) v $0.55e, R $2.80B v $2.71Be
[08:20] {Threei} REPORTEDY CTFC TO ANNOUNCE ENFORCEMENT CASE RALATING TO CRUDE OIL PROBE
[08:23] {Threei} 06:05am [NCC] Reports Q2 -$2.45 v -$0.26e, R $1.45B v $1.78Be - ROE and ROA not provided. - Net interest margin 2.97% v 3.59% y/y. - Provision for loan losses $1.59B v $1.39B y/y.
[08:24] {Threei} Q2 -$2.45 v -$0.26e, and thing is gapping up?
[08:26] {Threei} 07/23/08 04:01pm [AMZN] Reports Q2 $0.37 v $0.26e, R $4.06B v $3.95Be
[08:26] {Threei} - Guides Q3 Rev $4.20-4.43B v $4.23Be
[08:26] {Threei} - Guides FY08 Rev $19.35B-$20.1B v $19.6Be
[08:26] {Threei} - Q2 gross margin 23.6% v 24.2% y/y
[08:30] {Threei} PIMCO'S BILL GROSS NOTES THAT $5T WORTH OF MORTGAGE LOANS ARE CLASSIFIED AS 'RISKY', SEES $1T IN CUMULATIVE LOSSES FROM 'BUBBLE'
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 406K V 380KE
[08:30] {Threei} CONTINUING CLAIMS: 3.107M V 3.160ME
[08:36] {judijim} good morning all
[08:37] {Threei} jj :)
[08:51] {Threei} quite a drop FNM
[08:52] {pita} gm everyone
[08:52] {Threei} pita :)
[08:53] {cosmo} QCOM up 21% .....so far
[08:54] {Threei} yeah... reports are mixed but NOK settlement aids bottom line
[08:54] {cosmo} ah....good day in court
[08:55] {Threei} {NOK} uhhu
[09:02] {Threei} IRAN'S AGHAZADEH SAYS THAT IT HAD 'CONSTRUCTIVE' COOPERATION WITH UN INSPECTORS
[09:04] {fernp} Good morning all
[09:04] {Threei} fern :)
[09:19] {esemde} morning....was out golfing yesterday and didn't make it back to the room...How as your day?
[09:19] {Threei} ese :)
[09:19] {Threei} quite active
[09:19] {esemde} thas How was your Day?
[09:19] {esemde} morning Vad
[09:20] {dptl} good morning all
[09:20] {esemde} dp
[09:20] {Threei} I am slow... just thought of alerting QCOM short at 54.35...
[09:21] {Threei} dp :)
[09:21] {Threei} if bounces closer to .50 resistance, worth considering
[09:21] {Threei} small shares, tight stop
[09:22] {Threei} ese, one trading idea we exploited yesterday, worth watching today as well:
[09:22] {Threei} trading UAUA off USO, inverse relation
[09:25] {Threei} 08:56am WSJ: FCC Chairman notes agreement in principle on XMSR and SIRI, vote 3-2 on deal agreement
[09:28] {Threei} anyone got that jump to .40 QCOM?
[09:28] {Threei} perfect short
[09:29] {hawkfan4} no, but took FNM off the fast drop to 15
[09:29] {Threei} :)
[09:29] {hawkfan4} :)
[09:29] {hawkfan4} thx
[09:31] {Threei} XMSR interesting for bounce if drops into .40 - .60 area
[09:31] {Threei} QCOM super risky long on .54 break
[09:31] {Threei} small shares
[09:33] {Roman} 21 chk
[09:33] {Roman} 21 CHK
[09:33] {Roman} 21 long
[09:33] {Roman} 21 47.82
[09:33] {Threei} got away...
[09:34] {Roman} 21 HK
[09:34] {Threei} FNM coming into support again
[09:34] {Roman} 21 long HK small.50
[09:35] {Roman} 21 NCOC
[09:35] {Roman} 21 long setup
[09:36] {Threei} XMSR
[09:36] {Threei} watch for strength
[09:36] {Threei} 10.20 closest support
[09:36] {Threei} QCOM valid again if not losing .75 anymore
[09:37] {Roman} 21 long NCOC small off 6.20
[09:38] {Threei} XMSR no sign of bounce so far
[09:38] {Roman} 21 TXCO had great numbers
[09:38] {Roman} 21 record sales this morning
[09:40] {Roman} 21 energy bounces today
[09:40] {Roman} 21 ROYL watching
[09:40] {Roman} 21 imo
[09:40] {peterg} gm
[09:40] {Threei} peter :)
[09:40] {Threei} over 1:1 QCOM
[09:40] {Threei} and feels not done
[09:40] {Threei} but risk is huge on it
[09:40] {Threei} so secure profit
[09:41] {Threei} half out .40
[09:41] {Threei} scalpers grab your profit and be happy
[09:41] {Threei} ARBA??
[09:42] {Threei} what the?
[09:43] {Threei} stop .89 for QCOM balance
[09:44] {Threei} anyone sees anything on ARBA?
[09:45] {peterg} watching ARBA makes me want to buy it
[09:46] {Threei} resist the temptation...
[09:46] {peterg} right
[09:46] {Threei} it'll drop like crazy the second after you succumb
[09:46] {Threei} but first pullback is usually bought
[09:46] {Threei} so it will give a chance
[09:47] {Threei} there you go - right on cue, would have killed your wentry
[09:47] {Threei} -w
[09:47] {peterg} killed em both
[09:48] {Threei} entry and wentry?
[09:48] {peterg} yep
[09:48] {Threei} observing USO/UAUA, relation is there
[09:50] {Threei} let ARBA come to you, 15.50 is the only more or less real support for it
[09:50] {Threei} if it bottoms out too high just let it be
[09:51] {peterg} too strong for short?
[09:52] {Threei} can't tell really... it moves on no news, possibly hyped somewhere... can run inti nasty short squeeze
[09:52] {Threei} or can just run out of gas and die
[09:52] {Threei} no way to tell really
[09:53] {kazaam} NSC, first market strength might breakout
[09:53] {kazaam} ?
[09:53] {Threei} stock shoots up buck and half with no downtick
[09:53] {Threei} yes kaz
[09:54] {Threei} typical salmonish formation
[09:54] {kazaam} in @ .97
[09:54] {Threei} keep stop around .85
[09:57] {kazaam} out +.20
[09:58] {Threei} nice one
[09:58] {Threei} spotting patterns well eh?
[09:58] {Threei} FNM, 86 long if holding above .70
[09:58] {kazaam} only when i trade small lots, hehe
[09:59] {Threei} matter of time and experience
[09:59] {Threei} small lot - less psuchological pressure - clear vision
[09:59] {peterg} bk in hr--have fn
[10:00] {kazaam} yep, its amazing how easy things get with almost nothing at risk
[10:00] {Threei} ptr stoppd usng vwels
[10:00] {Threei} UNE EXISTING HOME SALES: 4.86M V 4.94ME, -2.6% M/M
[10:00] {peterg} tks 2 mch tm
[10:01] {Threei} SEC'S COX: IT IS A MISTAKE TO REGULATE INVESTMENT BANKS LIKE COMMERCIAL BANKS
[10:01] {Threei} kaz... that's why the procedure described in Practical Trading chapter of MPP
[10:03] {Threei} even more amazing thing is,
[10:04] {Threei} with almost nothing at risk, as you put it, you still have fairly reasonable return
[10:04] {peterg} I am in small lots & I like my training wheels, most of the time
[10:04] {kazaam} very true, better than -100-200 a day
[10:05] {Threei} there you go
[10:05] {Threei} risk-reward equation has kind of bell curve
[10:05] {Threei} there is a reason for that
[10:05] {Threei} but that's theory, let's leave it for another time
[10:10] {esemde} long VISN 1/2 lot 18.06
[10:10] {esemde} slow climber
[10:11] {esemde} had bstop in.....and for a second or 2 i wasn't even sure i'd been filled
[10:14] {esemde} bit of a gamble here....probably should have waited until 18.25...previous days high
[10:15] {esemde} stop 17.79
[10:24] {Threei} UAUA
[10:25] {Threei} .91 long if stays above .80
[10:25] {Threei} and if USO resusmes downward
[10:26] {esemde} stop to 18.00 VISN
[10:31] {esemde} Out VISN 18.10
[10:32] {esemde} +.04......was goin nowhere
[10:32] {Threei} better than poke in the eye
[10:32] {esemde} opps...would've been stopped anyway
[10:33] {Threei} IMF: US STEPS FOR GSES ARE LEADING IN A GOOD DIRECTION
[10:33] {Threei} - Notes that the IMF board discussed the US econoic landscape{FRE FNM}
[10:33] {esemde} daily chart looked good
[10:33] {Threei} no worky UAUA
[10:34] {Threei} QCOM
[10:34] {Threei} bounce-worthy selloff
[10:35] {Threei} bidding 51.40
[10:35] {Threei} too optimistic
[10:36] {Threei} awww... UAUA rinse
[10:44] {esemde} CECO ...the everready battery....
[10:46] {pita} day job calls...again - good trading yall
[10:46] {Threei} take care pita
[10:47] {Threei} USO makes quite pronounced moves today
[10:47] {Threei} not easy readable though
[10:52] {Threei} what the heck is going on? :)
[10:53] {hawkfan4} no idea
[10:53] {hawkfan4} 10:50 COMDX Natural Gas continues to plunge on bearish inventory data; now -0.579 at 9.209 -Update-
[10:54] {Threei} USI chart reminds of whack-a-mole game
[10:54] {Threei} USO
[10:57] {Threei} new sharp downtick USO is coming it seems
[10:58] {kazaam} does SNA seem overextended?
[10:58] {Threei} slow climb... can continue just as well
[10:58] {Threei} right on USO
[10:59] {Threei} hard core scalpers can have UAUA multiple paus of these moves
[11:01] {Threei} maybe some deveopments in negotiations with Iran not made public yet...
[11:02] {Threei} or this:
[11:02] {Threei} CFTC: CHARGES OPTIVER WITH MANIPULATING CRUDE, GASOLINE AND HEATING OIL TRADING
[11:02] {Threei} {USO}
[11:02] {Threei} I don't know who Optiver is but if shrging him send oil down, let's charge him twice
[11:04] {peterg} RIMM anyone?
[11:05] {Threei} no read peter
[11:05] {Threei} RIMM moves with market, and market for some reason doesn't react much on oil move
[11:06] {Chaeron} Good morning everyone
[11:06] {Threei} chaeron :)
[11:10] {esemde} CCCCCHHHHHHH BABY!!!!!!!
[11:11] {esemde} long time hail!!!!
[11:11] {Chaeron} ese!!!!! welcome back !
[11:12] {esemde} tks
[11:12] {esemde} just gettin into the swing of things
[11:17] {kazaam} wishin i held on to SNA for more than 10 cents
[11:21] {peterg} wow sna
[11:22] {Threei} FNM
[11:22] {Threei} break of 14 looks right for long
[11:36] {peterg} quiet
[11:36] {peterg} all asleep
[11:36] {peterg} or making money without me
[11:37] {peterg} uh oh short sales to be restricted on whole market says cox
[11:37] {Threei} as much as I tempted to say that's the case...
[11:38] {Threei} will have to admit, today is way less active and readable
[11:39] {Threei} where do you see it peter?
[11:39] {peterg} DJ Newswires
[11:40] {peterg} part of Fidelity Active Trader Pro
[11:41] {hawkfan4} 11:10 SEC's Cox says intends to extend short-sale protections mkt-wide - DJ
[11:41] {Threei} oh
[11:41] {peterg} I love it when they protect us
[11:41] {Threei} saw it at 11:09 on my wire
[11:41] {Threei} thought something new
[11:41] {Threei} SEC'S COX NOTES THAT THE SEC IS STUDYING POSSIBILITIES OF NEW UPTICK RULE THAT MAY INVOLVE NICKELS AND DIMES V PRIOR PENNY RULE
[11:41] {Threei} - Regulation would also rule out any naked short selling
[11:42] {Chaeron} then just bring back 1/8ths :)
[11:42] {peterg} or pounds and pence
[11:42] {Chaeron} lol
[11:43] {Chaeron} we can all meet under a buttonwood tree :)
[11:44] {peterg} Broad St, maybe
[12:08] {Threei} yawn
[12:09] {peterg} story: so the wife sez, (we're in minnesota) 3m hits new low, time to buy.
[12:09] {hawkfan4} seems like everyone's waiting for oil to make up it's mind for the day
[12:09] {peterg} I did yesterday for longterm retirement (hah!) acct. makn money
[12:10] {peterg} old folk
[12:10] {peterg} story
[12:10] {peterg} oil--whats that
[12:15] {Threei} I need some entertainment
06[12:15] * Threei slaps laserdave1 around a bit with a large trout
06[12:15] * Chaeron slaps laserdave1 around a bit with a large trout
[12:16] {dptl} looks like fun.....can i try that?
[12:16] {Threei} can?
[12:16] {Threei} you must
[12:16] {dptl} lol
06[12:16] * dptl slaps laserdave1 around a bit with a large trout
[12:16] {dptl} it is fun :)
[12:17] {Threei} of course... why do you think we do it regularly
[12:17] {laserdave1} dptl even gettting a round in
[12:17] {laserdave1} wow
[12:17] {laserdave1} i guess u need to take Magooos place
[12:17] {laserdave1} for this week
06[12:18] * laserdave1 slaps Threei around a bit with a large trout
[12:18] {dptl} :)
[12:26] {Threei} hmmm
[12:26] {Threei} wait... am I supposed to be slapped at all?
[12:29] {laserdave1} well to be honest
[12:29] {laserdave1} i was lookign for the feature on here
[12:29] {laserdave1} how to kick someone in balls with steel army boots
[12:29] {laserdave1} but didnt see it
[12:29] {laserdave1} :)
[12:29] {Threei} that's for platinum members only
[12:29] {dptl} roflol
[12:29] {laserdave1} u know i love you Vad star
[12:30] {Threei} you pay serious premium for that privilege
[12:30] {laserdave1} i saw u had something before u were able to do with army boots
[12:30] {laserdave1} hmmm
[12:30] {laserdave1} i might have to go platinum then
[12:30] {Threei} small administrative fee of just 19,999.99 A MONTH GIVES YOU ACCESS TO THOSE BOOTS
[12:31] {laserdave1} hahahahhahaha
[12:33] {Threei} possible asharp downtick USO is coming
[12:33] {Threei} if materializes watch for UAUA sdcalp
[12:34] {Threei} here we go
[12:35] {Threei} {dptl} how do you do that?
[12:35] {dptl} ye..how?
[12:35] {Threei} magic
[12:46] {Threei} FNM 13 break long scalp
[12:46] {kazaam} vad, was MTL a good capitulation play?
[12:46] {Threei} in hindsight, sure
[12:47] {Threei} real time, very questinable whether it was possible to catch bottom
[12:48] {Threei} WHITE HOUSE: PRESIDENT BUSH'S ADVISORS WOULD ADVISE HIM TO VETO ANY BILL SEEKING DRAW DOWNS FROM THE SPR
[12:48] {kazaam} my intuition told me to buy but I dont do C or E plays, so technically that would be a very risky setup? generally you would look for double bottom formation with volume confirmation?
[12:48] {Threei} is this what spiked the oil??
[12:48] {Threei} what bs
[12:49] {Threei} right kaz
[12:49] {kazaam} alright, gotcha, maybe someday i will take some c/e plays
[12:50] {kazaam} fnm break 13
[12:50] {Threei} come on FNM, break already
[12:52] {kazaam} better to wait till break?
[12:52] {Threei} yes
[12:53] {Threei} 13 proves to hold times and again
[12:53] {Threei} break is needed to trigger spike
[12:56] {Threei} see?
[12:57] {kazaam} yep yep
[13:19] {Threei} not liking today'
[13:19] {Threei} s actin
[13:19] {Threei} tides change with no rhythm
[13:34] {judijim} Judi's off to office, be back tomorrow
[13:40] {Threei} feels like USO upside is done
[13:40] {Threei} feel doesn't contribute much today, but for what it's worth
[14:18] {esemde} signing off everyone...have a great rest of the day
[14:19] {Chaeron} bye ese!
[14:19] {esemde} see ya CH...
[14:19] {kazaam} tks, have a good day too
[14:19] {esemde} kaz
[14:22] {peterg} ciao
[14:22] {dptl} vphm?
[14:25] {Threei} really not sure
[14:25] {dptl} ok ty
[14:31] {peterg} back later, ttfn
[14:44] {Threei} US HOUSE REJECTS BILL THAT WOULD DRAW DOWN AND SELL 70M BARRELS OF OIL FROM SPR
[14:46] {cosmo} its all gonna leak out anyway....sheesh
[14:47] {Threei} or evaporate
[14:47] {cosmo} that's controlled
[14:49] {Threei} controlled evaporation?
[14:49] {cosmo} EPA requires it
[14:53] {Threei} there was a report that after impementing short sales ban shorting declined by 90% on financial stocks
[14:53] {Threei} soooo... why is FNM 4 bucks off it's day high
[14:54] {Threei} what a useless exercise
[14:54] {Threei} as if shorting drives stocks down, and without it they wouldn't
[14:56] {Threei} PIMCO'S MCCULLEY FEELS AS THOUGH THERE WILL BE NO 'ARMAGEDDON' SCENARIO IN THE US ECONOMY
[14:57] {Threei} lol
[14:57] {Threei} some comments go beyond ridiculous
[14:58] {cosmo} some are magnets for the real thing too
[14:59] {cosmo} karma, ya know
[14:59] {Threei} no kidding
[14:59] {Threei} get 10 of them say "don't panic, there won't be any Armageddon"
[14:59] {Threei} and you have full blown panic spreading like a wildfire
[15:00] {cosmo} in a high rise
[15:03] {Threei} now, today's trading feels like your normal summer
[15:20] {Threei} WM
[15:20] {Threei} TO ISSUE STATEMENT SHORTLY ON THE 'GIMME CREDIT' REPORT ISSUED THIS MORNING
[15:20] {Threei} - note: some of the weakness on WaMu today has been attributed to a report from 'Gimme Credit,' which stated WM is showing declining reliance on CP and shifting to reliance on wholesale deposits. CNBC's Faber noted this report, but said the 'Gimme Credit' analysis was backward, that greater reliance on wholesale deposits would be a postive for WaMu.
[15:25] {Threei} I start really looking foward for oil to reverse back down... UAUA retreat is so significant, upside is going to be great
[15:34] {Threei} WM REPONDS TO GIMME CREDIT, NOTES COMPANY DOES NOT RELY ON COMMERCIAL PAPER, FUNDS ALL FUNCTIONS OF BUSINESS THROUGH ITS OPERATIONS
[15:37] {Threei} UAUA tradeable bounce is coming with NQ bounce
[15:38] {Threei} in .83, .79 stop
[15:38] {Threei} just a scalp
[15:42] {Threei} to take teny tine scalp or not to take
[15:43] {Threei} that is the question
[15:43] {Threei} gosh, what's my risk... 4 cents
[15:43] {Threei} already 1:2.5 {G}
[15:45] {Threei} ok,.93 out
[15:45] {Threei} +.10
[15:45] {jmb} thanks Vad
[15:45] {Threei} welcome :)
[15:45] {fernp} also here TY
[15:45] {Threei} :)
[15:45] {Threei} gotta break boredom and keep fingers exercised
[15:46] {Threei} OK guys, won't be doing anything on last minutes, it's not a day to press
[15:46] {Threei} have a great evening, see you tomorrow
[15:46] {kazaam} adios
[15:46] {fernp} bye
[15:47] {dptl} yeah...fighting to keep my eyes open today :)...but 6out of 6
[15:47] {dptl} have a good evening all :)

Jul 23 2008

Session Time: Wed Jul 23 00:00:00 2008

[08:16] {Threei} Good morning early birds
[08:16] {tomg} good morning
[08:16] {Threei} tom :)
[08:17] {Threei} who is up for super risky pre-market play, look to buy WB at 16.80 break
[08:17] {tomg} stop?
[08:17] {Threei} under 16.60
[08:18] {tomg} ok
[08:18] {Threei} again... risky as hell
[08:18] {tomg} what route you use pre-market?
[08:19] {Threei} ISLD
[08:19] {tomg} ok
[08:19] {Threei} make sure you have route out checked
[08:20] {hawkfan4} in .79
[08:20] {tomg} .82
[08:21] {Threei} hawk listened to all "super risky" rant and grabbed whole 1K shares
[08:22] {Threei} [WB] Wachovia Corp Heard on the Street comments on the outlook for Wachovia - WSJ
[08:22] {Threei} - The article notes that Wachovia's Q2 earnings report may suggest that the company can earn enough money in the upcoming quarters to offset its mortgage losses.
[08:22] {Threei} - The WSJ cites the expectations that Wachovia won't need to raise additional dilutive capital as the catalyst for its share price gain following its earning report.
[08:22] {Threei} - The WSJ questions Wachovia's pledge that it won't need to raise more capital because problems will weigh on the bank for several more quarters.
[08:22] {Threei} - The bullish argument for Wachovia is that the company will be able to earn $16B in annualized core earnings and that these earnings will offset the company's future loan loss provisions.
[08:22] {Threei} -However, the bullish scenario could be challenged if the bank's core earnings are below $4B/quarter or if the company increases its credit loss expectations again.
[08:22] {Threei} - The article also notes how Bank of America and Wachovia were relatively optimistic about their outlooks for the end of 2008 and 2009, while JP Morgan and American Express discussed concerns about credit problems among prime borrowers.
[08:22] {tomg} route out INET , vad?
[08:23] {Threei} check route out boxes for everything
[08:23] {tomg} ok, got it
[08:23] {tomg} ty
[08:23] {Threei} sure
[08:23] {Threei} this maskes sure that any route used hits everything in sight, not just its own book
[08:26] {Threei} UAUA... what strength, eh?
[08:31] {Threei} CSIQ
[08:31] {Threei} ANNOUNCES CLOSING OF FOLLOW-ON OFFERING OF COMMON SHARES
[08:31] {Threei} PRICES 3.5M SHARES AT $34/SHARE
[08:31] {Threei} hmmm
[08:32] {Threei} it can be bought in open market for less than that, lol
[08:43] {judijim} good early morning all
[08:43] {Threei} jj :)
[08:44] {Threei} REPORTEDLY PRESIDENT BUSH WILL SIGN THE HOUSING BILL INTO LAW
[08:44] {Threei} {FNM FRE XHB IYR}
[08:51] {Threei} NIGERIAN MILITANT GROUP THREATENS TO DESTROY MAJOR OIL PIPELINES IN NIGERIAN DELTA IN NEXT 30 DAYS
[08:51] {Threei} {USO}
[08:55] {Threei} FNM tries to break consolidation at 15
[08:59] {fernp} Good morning all
[09:00] {Threei} fern :)
[09:01] {peterg} all
[09:02] {Threei} peter :)
[09:16] {Threei} we have oil inventories today at 10:35
[09:16] {Threei} potential market mover
[09:17] {Threei} WM
[09:17] {Threei} S&P CUTS DEBT RATING TO BBB-
[09:17] {pita} gm all
[09:17] {Threei} pita :)
[09:18] {dino} gm all, back in 20
[09:19] {peterg} hello goodye
[09:19] {peterg} dino
[09:19] {dino} lol
[09:21] {Threei} dino :)
[09:22] {peterg} Reading Mark Douglas, Trading in the Zone. Helps me to realize that I am not.
[09:22] {peterg} Working on it
[09:22] {Threei} that's a good one
[09:22] {peterg} yes it is
[09:23] {peterg} You recommended it in Profit booik
[09:23] {Threei} right
[09:23] {Threei} I am not a big fan of most books on trading psychology, they lack in practicality department IMO
[09:23] {Threei} but this one is exception
[09:24] {dptl} good morning all
[09:24] {Threei} if I ever decide to write another one, it will be on practical aspects on trading psychology
[09:24] {Threei} dp :)
[09:24] {peterg} I
[09:24] {peterg} will take one
[09:24] {Threei} no long-winged theory
[09:25] {peterg} I can write that section for you
[09:25] {Threei} day-to-day experiences, underlyiong reasons and what-to-do's, what-not-to-dos and how-to-do-it's
[09:26] {peterg} praktikal
[09:26] {Threei} korrekt
[09:27] {Threei} WB lost support
[09:27] {Threei} FNM on another hand broke and for a change followed through
[09:29] {Threei} dp, look dcc please
[09:30] {hawkfan4} thx vad, -.11 WB, but +. 55 FNM = not too shabby
[09:30] {Threei} wtg
[09:30] {tomg} about the same for me, ty vad
[09:30] {Threei} not bad start for the day
[09:31] {hawkfan4} actually just sold rest FNM +1.25
[09:31] {Threei} that's indecent profit
[09:31] {tomg} .83 for me, happy as heck with that ;)
[09:32] {Threei} FNM off 15.50
[09:32] {Threei} on first sign of strength
[09:33] {Threei} in, stop under 15
[09:33] {Threei} too fast to post in time
[09:33] {Threei} got .15
[09:33] {hawkfan4} .25
[09:33] {Threei} half out
[09:33] {Threei} .65
[09:34] {Threei} offering the rest 16.15
[09:34] {tomg} ty again vad :)
[09:35] {Threei} :)
[09:35] {Threei} FRE dumping
[09:37] {Threei} WM actually went positive... believe it or not
[09:37] {Threei} second half FNM didn't work
[09:37] {hawkfan4} got all but 200 out at .74, out
[09:37] {cosmo} ETFC
[09:37] {cosmo} .62 hod
[09:38] {cosmo} tests
[09:41] {Threei} LEH .81 long
[09:41] {Threei} if stays above .65
[09:42] {Threei} invalidated
[09:44] {Threei} watching UAUA for bounce long
[09:45] {Threei} in
[09:45] {Threei} got 8.91
[09:46] {Threei} USO drop should push UAUA
[09:46] {peterg} .97
[09:46] {Threei} out 9.30
[09:47] {hawkfan4} in .96, out .29, thx :)
[09:47] {Threei} beauty
[09:47] {peterg} out .37, ty
[09:47] {Threei} :)
[09:48] {Threei} WB
[09:48] {Threei} HEARING TAKEOVER CHATTER CIRCULATING
[09:48] {Threei} ugh
[09:48] {Threei} this one got away
[09:50] {Threei} LEH just had to kill setup before triggering and working
[09:55] {Threei} US TSY PAULSONM SAYS GSE SENDS STRONG MESSAGE TO MARKETS
[09:55] {peterg} LEH bounce ?
[09:56] {Threei} overall yes
[09:56] {Threei} but it shakes out so regularly, I am getting self-conscious about calling eright stop on it
[09:57] {Threei} it's almost like:
[09:57] {Threei} define traditional setuip on, with trigger and stop,
[09:57] {Threei} then wait for it to drop beloe support, invalidating the setup
[09:57] {Threei} and buy on that drop
[09:57] {Threei} which is nice and all but in practice makes it highly discretionary,
[09:58] {Threei} no way to call the entry other than on pure feel
[10:00] {peterg} bugged out too soon, made a nickel not a quarter
[10:07] {Threei} USO/UAUA pair qworking nicely for scalps
[10:09] {Threei} UAUA non-shortable today... was yesterday
[10:09] {hawkfan4} i have it available
[10:10] {Threei} can play it both ways off USO moves then
[10:10] {Threei} just wait for pronounced move and trade UAUA if it gives delay for entry
[10:10] {Threei} watch FNM for scalp off pullback to 15.50 area
[10:12] {Threei} if markwet sp;ikes, then .85 break trigger with stop under .70
[10:13] {Threei} break invalidated
[10:13] {dino} late post v l .00, sodetracked
[10:13] {dino} side
[10:14] {Threei} 74?
[10:14] {dino} y
[10:14] {dino} biib drop
[10:14] {Threei} nice one
[10:14] {dino} 'too fast
[10:15] {dino} stopped .30, +.30
[10:17] {Threei} not sure if FNM was attainable on pullback closer to .60, got distracted for a second
[10:17] {Threei} looks like wants to break 16 and jump
[10:17] {Threei} broke
[10:18] {Threei} and jumped
[10:18] {peterg} falling
[10:19] {Threei} UAUA strengthened
[10:19] {Threei} didn't even retreat with USO bounce
[10:19] {dino} nue sm l .25
[10:20] {Threei} oil numbers in 15
[10:21] {peterg} day job for coupla hours; have fun back later
[10:21] {Threei} did we just catch OBL or what
[10:21] {hawkfan4} geez, no kidding
[10:23] {Threei} "slow summer action" eh?
[10:25] {Threei} sharp drop USO
[10:25] {Threei} I guess traders reposition ahead of numbers
[10:27] {Threei} OK, backing off for the next 10 min
[10:28] {Threei} 8 rather
[10:28] {Threei} gosh FNM
[10:35] {Threei} DOE CRUDE: -1.55M V -500KE
[10:35] {Threei} GASOLINE: +2.85M V +200KE; DISTILLATES: +2.42 V +2.4ME; UTILIZATION: 87.1% V 89.5%E
[10:37] {Threei} UAUA gave beaituful delay vs USO
[10:37] {Threei} 10 was easy to get
[10:37] {Threei} anyone grabbed a play?
[10:39] {Threei} watch for another opportunity
[10:44] {Chaeron} good morning everyone
[10:44] {Threei} chaeron :)
[10:51] {Threei} market calmed down a bit, staying on a sideline for now until something shapes up
[10:51] {dino} sm s cetv .30
[11:01] {Threei} watching UAUA for bounce again if USO drops
[11:01] {hawkfan4} out UAUA +.40 short. thx for the idea :)
[11:02] {Threei} perfect play
[11:02] {Threei} wtg
[11:02] {hawkfan4} a beauty, thx
[11:02] {Threei} clean case of "how to fish" vs handing the fish :)
[11:03] {hawkfan4} had a .06 stop, got .97
[11:03] {Threei} that's 1: a lot
[11:05] {pita} adios
[11:06] {dino} ouch iphs
[11:06] {dino} cetv bstop to .60
[11:09] {dino} cov cetv .57, +.73
[11:09] {Threei} wtg
[11:09] {dino} ty
[11:09] {dino} just bobbing and weaving
[11:09] {Threei} .31 long UAUA stop .24
[11:11] {Threei} no worky
[11:11] {Threei} or rinse
[11:14] {dino} v sm ma l .00
[11:22] {Threei} rinse that was
[11:27] {dino} axys
[11:33] {dino} xmsr drop
[11:35] {dino} out ma 272.50 +2.50
[11:35] {fernp} gj
[11:36] {dino} ty, stop was too tight
[11:37] {Chaeron} great one dino
[11:37] {dino} ty
[11:38] {dino} axys thoughts?
[11:39] {dino} guess not
[11:39] {Threei} no
[11:41] {dptl} sgen?
[11:41] {Threei} good report yesterday after close
[11:42] {dptl} 11 break long may be?
[11:43] {Threei} not sure... would expect more volume from a runner
[11:43] {Threei} can go both ways with equal odds
[11:43] {dptl} i see...
[11:54] {dino} v sm l pot .35
[11:56] {Threei} watching FNM for bounce
[11:56] {Threei} and UAUA
[11:57] {Threei} FNM was really fast, just had to take 15 on faith
[11:57] {dino} bphx
[12:00] {Threei} BEAV
[12:00] {Threei} WINS $140M CONTRACT
[12:00] {dino} axys s sm .95
[12:08] {Threei} FED EXPECTED TO ANNOUNCE EXTENSION OF PRIMARY DEALER CREDIT FACILITY THROUGH TO THE END OF THE YEAR - CNBC
[12:08] {Threei} - Currently slated to end in mid September
[12:12] {dptl} got to leave early.......have a good rest of the day all :)
[12:12] {Threei} take care dp
[12:12] {Threei} judging from the smile, had a nice day?
[12:12] {dptl} yep..6 out of 7
[12:13] {Threei} nice batting average
[12:13] {Threei} ok, what's with oil strength
[12:13] {Threei} doesn't it know we need it down
[12:13] {dino} later dp
[12:14] {dino} out pot .95,
[12:14] {dino} +1.60
[12:15] {dino} ugh too tight again
[12:15] {dino} hit me and ran 1
[12:15] {Chaeron} dang dino $1.00+ is regular for you :)
[12:15] {Threei} wow, big oil spike
[12:16] {dino} lol, i wish
[12:17] {dino} uaua
[12:17] {Threei} I bet hawk shorted it off USO spike
[12:18] {dino} we all should've
[12:18] {Threei} it's not available at Laser today
[12:19] {Threei} gave an idea earlier, to play UAUA both ways off sharp USO moves
[12:19] {dino} yes you did
[12:20] {dino} bstop axys to .52
[12:20] {dino} jumpy
[12:21] {dino} enoc?
[12:21] {dino} can't borrow
[12:21] {Threei} no fresh news
[12:21] {Threei} utility
[12:26] {dino} axys bstop to .47, it will most likely slip
[12:27] {dino} tighten to .35
[12:28] {dino} to .26
[12:30] {dino} cov axys .24 +.71
[12:30] {dino} see the jump
[12:31] {dino} ok, i'll shut up
[12:32] {dino} nue stop to .75
[12:34] {Threei} MICHAEL BLOOMBERG AND BILL GATES ARE DONATING $500M TO HELP COMBAT SMOKING IN DEVELOPING COUNTRIES - CNBC
[12:35] {Threei} that's a really most urgent problem on today's agenda
[12:35] {dino} out nue +.50
[12:36] {dino} yeah, while the gov't subsidizes tobacco farmers
[12:40] {dino} axys $1 jump
[12:45] {Threei} US SENATOR DODD CONFIRMS AGREEMENT AMONG SENATE, HOUSE AND WHITE HOUSE ON HOUSING BILL
[12:56] {dino} pcln
[13:04] {Threei} why can't I short UAUA here :(
[13:04] {Threei} USGS: ALASKA MAY HOLD 1/3 OF WORLD OIL RESERVES IN ARCTIC AREAS
[13:06] {Threei} long instead, USO dropping
[13:09] {Threei} jumps up and down, no real direction...
[13:12] {Threei} come on UAUA
[13:14] {Threei} too much work for a scalp
[13:14] {hawkfan4} in .61
[13:14] {Threei} got .62, and out for +.10
[13:14] {Threei} taking 30 min break
[13:15] {Threei} morning wqas fun but now feels too mugh like work
[13:16] {peterg} gonna read my book
[13:21] {dino} eating lunch
[13:27] {dino} sm s axys .48
[13:37] {dino} axys stopped .74 -26
[13:37] {dino} .
[13:39] {dino} rinsed
[13:45] {dino} v sm l ma .75
[13:53] {dino} sm l celg .25 stop .88
[13:53] {Threei} PREVIEW: FED'S BEIGE BOOK SUMMARY OF REGIONAL ECONOMIC CONDITIONS DUE OUT AT 2PMET
[13:53] {Threei} **reminder: the last Beige Book on 6/11 stated:
[13:53] {Threei} - Reports of higher input costs widespread , some pass through to customers
[13:53] {Threei} - Retailers reported mixed results in attempts to increase prices, some districts note higher inventory levels
[13:53] {Threei} - wage pressures moderate or limited for all districts with few exceptions; Notes that employment hiring is 'spotty'
[13:53] {Threei} - Districts seeing rising export demand
[13:53] {Threei} - Seeing Credit quality deteriorating or expected to deteriorate in some distrcits, real estate market weak across most districts
[13:53] {Threei} - Three districts note economy as softer, weaker and lower, five districts note little change in conditions, four saw 'sluggish growth'
[13:54] {Threei} FED'S BEIGE BOOK: US ECONOMY SLOWED 'SOMEWHAT', PRICE PRESSURES ELEVATED OR RISING
[13:55] {Threei} - Notes manufacturs plan on raising prices, some firms cite difficulty in raising prices
[13:55] {Threei} - Most districts see mixed weak or slowing consumer spending
[13:55] {Threei} - Wage pressures limited with soft labor market
[13:57] {Threei} - Districts note bank loan growth as 'restrained'
[13:58] {Threei} sharp move FNM
[13:58] {dino} out ma 270.95 +1.20
[13:59] {Threei} :)
[14:03] {peterg} thks dino, out CELG for .12
[14:04] {dino} gj, better than i
[14:04] {dino} wanted .65
[14:04] {peterg} I'll take your 1.20 on ma...wow!
[14:04] {dino} lucky
[14:05] {peterg} we know where luck comes from
[14:05] {Threei} bottle of vodka?
[14:05] {Threei} USO flush is coming
[14:06] {dino} lol
[14:06] {dino} i will be out tomorrow -aug. 2nd. vacation...so keep magoo in line
[14:06] {Threei} easier said than done
[14:06] {Threei} where are you going?
[14:06] {Chaeron} have a good one dino
[14:06] {dino} ty
[14:07] {Chaeron} yeah... we need to live vicariously
[14:07] {dino} sunset beach, nc. just north of myrtle beach
[14:07] {Threei} cool
[14:08] {dino} its' fun/relaxing
[14:08] {Threei} feels like big USO drop is coming
[14:09] {Threei} here we go
[14:09] {Threei} magoo would have loved this "feel" call
[14:10] {Threei} UAUA was easy scalp of that
[14:10] {Threei} with some breathing probably, but it's not over
[14:10] {dino} sm v l .05, stop lod
[14:10] {Threei} USO going lower today
[14:12] {dino} odfl dump
[14:20] {dino} out v .43, +.38
[14:20] {dino} too tight again
[14:23] {dino} odfl sm l .00
[14:23] {dino} stop .68
[14:26] {Threei} ok, anyone took UAUA off my USO call?
[14:26] {Threei} 'cause if not, I am taking three years off
[14:28] {patience} watched it vad, didn't trade it because i partied hard last night...my responses are a little slow today
[14:29] {Threei} great, I'll see you all July 23 2011!!
[14:30] {dino} shame on you patience... :)
[14:30] {hawkfan4} i did vad, in again from .30
[14:30] {patience} is it worth every tylenol this morning
[14:30] {Threei} AWWW!!!
[14:30] {Threei} come on hawk... :(
[14:30] {kazaam} what about UAUA at break of .50?
[14:30] {Threei} it's not a technical play on its own kaz
[14:30] {Threei} it's USO reverse following play
[14:31] {kazaam} oh, gotcha
[14:31] {Threei} call for USO drop was to be utilized by long UAUA
[14:31] {Threei} or DAL
[14:31] {Threei} or NWA
[14:31] {Threei} any airline
[14:33] {peterg} Patience and I are going to write a book, "DRUNK TRADING,"
[14:33] {Threei} FED'S PLOSSER: ECONOMY HAS NOT CHANGE MUCH IN RECENT WEEKS, EVERYONE AGREES RATES ARE PETTY LOW AND NEED TO GO UP
[14:33] {patience} i'll drink to that peter
[14:33] {peterg} Or maybe "TRADING DRUNK"
[14:33] {peterg} great
[14:33] {Threei} lol
[14:34] {dino} hmmmmm. if you need any ghost writers, lol
[14:34] {Threei} I'll write foreword
[14:34] {peterg} idea from Vad earlier, who suggested bottle of vodka for some reason
[14:34] {peterg} beein thinking about it
[14:34] {dino} hung over trading....
[14:34] {Threei} it will be a short one... "here is to... ummm... what was the book title again?"
[14:34] {peterg} good title
[14:34] {patience} i like that one dino...good title
[14:35] {dino} i know it a bit too well
[14:35] {dino} odfl stop to .42
[14:36] {Threei} I feel I am in a bad company... again
[14:36] {Threei} and loving every minute of it
[14:36] {peterg} best kind
[14:37] {dino} bummer is, i have a golf match at 4:30, and magoo not here to bring me a free brews around 4:00, hate to go in dry
[14:37] {peterg} Newspaper column: The Drunken Trader
[14:37] {peterg} softer: The Drinking Trader
[14:38] {dino} such problems i have
[14:38] {Threei} I am crying here dino
[14:38] {patience} beer fridge is full here dino....stocked up with european stuff
[14:38] {patience} better get over to the island here
[14:39] {dino} nice, i did see a few coors extra golds in ours
[14:39] {peterg} Dortmunder Union, anybody?
[14:39] {dino} just hate to drink alone
[14:39] {peterg} sometimes you gotta do what you gotta do
[14:39] {Threei} Innis and Gunn, peter
[14:39] {peterg} sounds exotic
[14:39] {peterg} where from?
[14:40] {dino} out odfl .62,
[14:40] {dino} +.62
[14:40] {Threei} England
[14:40] {dino} vacation will be land shark.....then in august red stripe
[14:41] {peterg} o jah, jamaica
[14:41] {dino} aug 15th
[14:42] {dino} oh man, too tight again
[14:42] {dino} different type of day today
[14:54] {dino} celg stopped -.37
[15:02] {dino} glad i stopped
[15:10] {Threei} ATTORNEY FOR CITY OF SAN DIEGO REPORTEDLY TO LAUNCH LAWSUIT AGAINST WM, WFC AND WB TO HALT FORECLOSURES
[15:10] {Threei} hmmm?
[15:12] {Threei} let's see if I get this straight
[15:12] {Threei} I take loan I have no means of paying of
[15:13] {Threei} lender takes me to the task when I default
[15:13] {Threei} I sue a lender?
[15:14] {Chaeron} sure.... you shouldn't have gotten the loan in the first place is the prosecution's argument... they say that they accepted and pushed through bad loans with high risk anyway... I'm not agreeing by any means... just giving you the other side's arguement
[15:14] {dino} only in america
[15:15] {dino} and if they refiused you the loan, they would sue too
[15:15] {Chaeron} it's just sue-happy country
[15:15] {Threei} yeah, I gathered that would be their argument... it's just that I can't fathom it :)
[15:15] {Chaeron} well, can you fathom that McDonalds gets sued for serving coffee that is hot?
[15:15] {Threei} next step is, "I decieved you, now I will sue you for trusting me"
[15:16] {Chaeron} I LIKE IT! Let's get our law degrees!
06[15:16] * Chaeron is now known as Chaeron, Esq
[15:18] {Chaeron} lose money in the market guys and we'll sue to get it back... you shouldn't have had the danger of losing $$$ even tho you were fully aware you could have... who's my first client?
[15:19] {dino} well, that is happening now w/fnm, fre
[15:19] {Threei} and let's sue brokers for letting our orders through while we are at it
[15:19] {dino} gov't backing up private buyers of stock and debt
[15:19] {Chaeron} yeah... even the unsolicited ones
[15:20] {dino} sm l pcln .70
[15:26] {dino} .
[15:26] {dino} power surge
[15:28] {dino} pot crushed, i think earnings tomorrow
[15:50] {dino} out pcln 101.70, +1.00
[15:51] {hawkfan4} nice job
[15:51] {dino} thx
[15:51] {Threei} nice end of the day
[15:52] {dino} calling it a week. take care all, back aug 4th for trades
[15:52] {Threei} have fun dino
[15:52] {hawkfan4} have fun dino
[15:52] {Chaeron} bye dino. we'll miss you
[15:52] {Threei} OK guys, thank you all
[15:52] {peterg} have gd time in NC
[15:52] {dino} 3 stops on 14 trades,. think i got lucky
[15:52] {Threei} have a good evening, see you tomorrow
[15:52] {hawkfan4} thx vad, nice day
[15:52] {peterg} clog dancing in Asheville

Jul 22 2008

Session Time: Tue Jul 22 00:00:00 2008

[08:54] {peterg} gm--I am out of computer hell, where competing security systems fought each other to a standstill on my platform. Ugly business.
[08:54] {peterg} Memo: one at a time, one at a time.....
[08:54] {Threei} good morning
[08:55] {Threei} Norton fighting Kaspersky for the right to kill Adaware... that must be some spectacle
[08:56] {peterg} iI could follow us and get mail, but nothing else.
[08:57] {dptl} good morning all
[08:57] {Threei} dp :)
[08:57] {kazaam} gm
[08:58] {Threei} kaz :)
[09:00] {Threei} financials continue rocking the market
[09:00] {Threei} SNDK ugly hit
[09:04] {GeoArb} gm
[09:04] {Threei} Geo :)
[09:11] {Threei} US TREASURY SEC PAULSON SAYS WE WILL ALWAYS HAVE BANK FAILURES, BUT DO NOT SECOND GUESS REGULATORS
[09:11] {Threei} - Adds that it is important that regulators anticipate problems
[09:11] {judijim} good morning everyone
[09:11] {Threei} jj :)
[09:12] {pita} gm all
[09:12] {Threei} pita :)
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:20] {fernp} Good morning all
[09:22] {Threei} fern :)
[09:22] {esemde} good morning.......
[09:22] {Threei} ese!
[09:22] {Threei} how's vacation going?
[09:22] {esemde} I'm back!....bitten to death...but i'm back
[09:23] {cosmo} SNDK
[09:23] {cosmo} tests
[09:23] {esemde} relaxing Vad...
[09:23] {esemde} will take me a few days to get into the swing of things here though..
[09:24] {esemde} hows the market been......earnings season?? anything out of the ordinary
[09:25] {Threei} very active
[09:25] {Threei} maniak-depressive
[09:25] {esemde} interesting...for the middle of summer?
[09:25] {Threei} yes
[09:25] {Threei} extreme optimism to totall depression and back, all within one day
[09:26] {esemde} how so?
[09:26] {cosmo} two poles
[09:28] {Threei} I guess I'll skip first few minutes to let the dust settle a litle
[09:28] {Threei} too many news shocks overnight
[09:28] {Threei} BAC, WB, V, AXP, SNDK
[09:28] {Threei} and none of them good
[09:29] {cosmo} SNDK needs to hold 14.25
[09:29] {cosmo} imho
[09:29] {Threei} FNM .50 break maybe
[09:30] {Threei} uhhu
[09:30] {Threei} lol
[09:32] {kazaam} i think you mean short at touch of 50 right? hehe
[09:32] {Threei} ok, worth a try for bounce soon FNM
[09:33] {Threei} FED'S PLOSSER: HOUSING STRUGGLES ARE SPECIFIC TO CERTAIN GEOGRAPHICAL AREAS, MONETARY POLICY CURRENTLY 'BETWEEN A ROCK AND A HARD PLACE' - Q&A
[09:33] {Threei} - Adds that it will take some time for inrerest rate cuts to move through the economy
[09:33] {Threei} - Policy has to focus on the 2009 economy outlook
[09:33] {Threei} - Action is need to address high inflation
[09:33] {Threei} 12 break
[09:33] {Threei} late?
[09:34] {tomg} in at 12.00 out at 12.60, ty vad
[09:34] {Threei} welcome, good job
[09:35] {tomg} only got 100, but happy :)
[09:40] {cosmo} BRCD 6.60 hod
[09:41] {cosmo} testing
[09:41] {cosmo} healer
[09:42] {cosmo} i think...
[09:43] {esemde} SVNT going nuts
[09:44] {Threei} no news
[09:44] {esemde} non that I can see
[09:45] {esemde} Vad do you see that as being less reliable?
[09:45] {Threei} ?
[09:45] {esemde} can't predict the momentum....
[09:46] {esemde} without news that is
[09:46] {Threei} not really... can be both ways
[09:47] {Threei} SNDK selling accelerates
[09:47] {esemde} hmmmmm has price target up 30 and possible buy out candidate.....SVNT
[09:48] {Threei} .51 I'd try long
[09:48] {Threei} if stays above .40
[09:48] {Threei} better yet above .45
[09:49] {esemde} BMRN also...bio tech....anyone have news on Bio Tech sector?
[09:50] {Threei} hmmm... market spike but what's following it?
[09:52] {dino} sm l de .01, stop lod
[09:52] {Threei} NNBR
[09:52] {Threei} 15 break long
[09:53] {esemde} now thats what i've missed....seeing dino in action....thing of beauty!!!
[09:53] {Threei} half lot NNBR
[09:53] {dino} lol es
[09:54] {dino} pcln blood
[09:55] {dino} pcln sm l .80 risky
[09:56] {kazaam} vad, on thin stock like nnbr is it better to get in before break?
[09:57] {esemde} NDX moving higher....early morning sell-off...finish the day strong????? any takers on that hteory
[09:57] {esemde} theory
[09:58] {dino} i think you are correct
[09:58] {dino} time will tell
[09:59] {esemde} looking at charts right now......gotta wonder whether markets have been severely sold at this point...
[10:00] {dino} pcln stopped
[10:00] {Threei} LEH
[10:00] {Threei} 18 break long if stays above .85
[10:02] {esemde} did you take it Vad? by the time i cued into it ...it was gone
[10:02] {Threei} yes
[10:02] {Threei} JULY RICHMOND FED MANUFACTURING INDEX: -16 V -9E
[10:02] {Threei} yikes
[10:04] {pita} LEH rinsed
[10:04] {dino} smaller shares, last try pcln l .00
[10:05] {Threei} oil drop supports market
[10:05] {Threei} looks like we are going with reverse logic now
[10:05] {Threei} bad news for the economy - oil drop - market up
[10:06] {Threei} that wasn't nice of LEH
[10:06] {pita} painful
[10:06] {dino} oih collapse
[10:07] {dino} out pcln .00, +1.00
[10:09] {Threei} FED'S PLOSSER REMARKS THAT THE CREDIT FACILITIES FROM THE FED ARE NOT INFLATIONARY, AND PRICE EXPECTATIONS ARE SHAKY YET STABLE
[10:09] {Threei} will they ever shut up?
[10:09] {dino} i was thinking the same thing
[10:10] {esemde} Not inflationary!!!!! NOT INFLATIONARY!!!!! ya print more moeny you get inflation!!!!!! what the???
[10:10] {hawkfan4} me too
[10:10] {dino} salvation through inflation is the theme
[10:10] {kazaam} well if its not inflationary they should just print some money and send it to us
[10:11] {dino} i want my losses re-imbursed
[10:12] {dino} :)
[10:12] {esemde} good one dino....
[10:13] {Threei} CEO: WACHOVIA IS 'ON STRONG FOOTING', HAVE 'DONE OUR BEST TO BE MORE CAUTIOUS' - CONF CALL
[10:13] {cosmo} strong, but shaky ...
[10:18] {kazaam} is nnbr still in play?
[10:18] {Threei} yes, as long as holding above .85
[10:19] {Threei} C
[10:19] {Threei} UPDATE: GOLDMAN SACHS ANALYST SEES FY08 EPS AT -$1.10 V -$1.20 PRIOR VIEW, FY09 AT $2.10 V $2.40 PRIOR
[10:20] {esemde} Vad ...on your trade the news site....is there anything on SVNT
[10:20] {esemde} been interesting watching it...
[10:20] {Threei} nope
[10:20] {esemde} tks
[10:24] {dino} fwlt sm l .50 stop lod
[10:24] {dino} grmn acting up again
[10:30] {Threei} with oil dropping, I'd expect ROYL to pick up some strength
[10:31] {Threei} no sign of it so far, but worth keeping eye on
[10:35] {Threei} I have troubles finding stocks that follow market today
[10:35] {Threei} it's like NQ moves by itself
[10:35] {Threei} MAY HOUSE PRICE INDEX: -0.3% V -0.8%E
[10:36] {dino} yeah, i've been telling magoo the indexes don't match what's happening
[10:37] {Threei} IMF'S LIPSKY: DETERIORATION IN INFLATION EXPECTATIONS ARE POTENTIALLY A SERIOUS GLOBAL RISK
[10:37] {Threei} DETERIORATION IN INFLATION EXPECTATION - Lipsky's good...
[10:43] {Threei} SNDK quieted down
[10:43] {cosmo} BRCD holds 6.80
[10:43] {cosmo} so far
[10:43] {Threei} .25 long if stays above .15
[10:44] {dino} .
[10:45] {cosmo} good point
[10:45] {Threei} fine point I'd say
[10:46] {dino} got knocked out of cyber, thought whole system was down
[10:47] {GeoArb} cruise companies seem to be killing it
[10:47] {dino} wow xto, great report, take it down. they trade like the commodity anymore
[10:48] {dino} i guess if oil goes to 100, xto goes to 1
[10:50] {Threei} out SNDK
[10:50] {Threei} +.25
[10:50] {tomg} wtg vad, beaut :)
[10:50] {Threei} :)
[10:52] {dino} amzn sm l .50 stop .13
[10:54] {cosmo} BRCD hod = 7.05 fyi
[10:55] {dino} amzn stopped -.37 that was quick
[10:55] {Chaeron} Good morning all
[10:56] {Threei} Chaeron :)
[10:57] {Threei} WB
[10:57] {Threei} NOT LOOKING TO ISSUE STOCK AS MEANS FOR RAISING CAPITAL
[10:59] {dino} yeah, right
[10:59] {Threei} WSJ: FORD WILL CONVERT 3 TRUCK PLANTS TO MAKE CARS - UNCONFIRMED REPORT
[11:09] {esemde} long ZION 26.40 half lot
[11:11] {esemde} stop 26.10
[11:18] {Threei} NNBR over 1:1 solidly
[11:19] {Threei} hard to tell whether it has more in it
[11:19] {pita} took .20 of ZION ese ty
[11:20] {Threei} nice one ZION
[11:20] {Threei} no takers on NNBR?
[11:20] {Threei} and no one but tom went for SNDK?
[11:20] {Threei} sheesh, just showering you guys with winning trades only to be ignored
06[11:21] * Threei removes himself to remote Tibet monastery for three years of highly focused navel-gazing
[11:22] {esemde} GJ pita...gonna hng in there a little longer
[11:22] {pita} worth holding
[11:22] {esemde} see if it can punch through 27
[11:22] {Threei} UAUA
[11:22] {Threei} REACHES AGREEMENT IN PRINCIPLE TO ENHANCE LIQUIDITY BY APPROXIMATELY $1.2B
[11:22] {Threei} - Announced that it reached an agreement in principle with its Mileage Plus co-branded bank card partner, Chase Bank U.S.A., N.A. and Paymentech, one of its credit card processors, to extend the term of their respective agreements.
[11:22] {Threei} - United will receive a payment of $600M from Chase, which relates to the advance purchase of frequent flyer miles and the extension of the contract. The company also expects this transaction will improve cash flow by about $200M in the next two years.
[11:23] {esemde} if i get any resistance at 27 i'm outta there
[11:23] {Threei} missed news...
[11:24] {esemde} out ZION .85 +.45
[11:24] {esemde} sewer guys are here to do my drains
[11:25] {esemde} can't monitor it
[11:25] {esemde} i'll take .45
[11:25] {peterg} nice trade & good to have freshened sewers.
[11:26] {esemde} ya ...i'll say...
[11:26] {esemde} only 1 inch opening....pretty much blocked
[11:26] {esemde} could be tense around here for a couple of hours
[11:27] {laserdave1} hey guys just so you know
[11:27] {esemde} see you all a little later
[11:27] {laserdave1} laser will be going down for about 2 minutes
[11:27] {Threei} take care ese
[11:27] {laserdave1} will go down in about 10 minutes from now
[11:27] {laserdave1} it will go down for about 1 minute
[11:34] {Threei} sheesh UAUA
[11:36] {dptl} yeah....i grabbed lcc with it but only for 10c
[11:37] {laserdave1} ok laser back
[11:37] {laserdave1} log in guys
[11:38] {Threei} in
[11:38] {dptl} in
[11:40] {Chaeron} x
[11:46] {dptl} spr?
[11:50] {Threei} not sure
[11:50] {Threei} but getting interested in UAUA for bounce
[11:51] {dptl} ok ty
[11:51] {hawkfan4} took .20 on NNBR on the bounce, thx vad
[11:52] {Threei} :)
[11:52] {laserdave1} Chaeron dcc please
[12:06] {pita} later everyone
[12:07] {Threei} take care pita
[12:27] {Chaeron} .
[12:31] {Threei} WB, will get interested if drops to 13.5 at least
[12:34] {Threei} CSIQ sharp drop
[12:37] {dptl} qlgc?
[12:38] {Threei} I wouldn't
[12:38] {Threei} thick, slow
[12:38] {Threei} not what you want in lunch time
[12:38] {dptl} ok ty
[12:45] {Threei} market confused itself with all the morning jumps, decided to sit quietly and ponder next move
[12:46] {Threei} wow CSIQ
[12:47] {Threei} feels like quick drop to 28 or just under should provide bounce
[12:53] {Threei} too optimistic
[12:59] {Threei} UAUA .50 break for a scalp if holding above .35
[13:05] {dino} xmsr
[13:06] {dino} no merger
[13:08] {Threei} WSJ: 1 FCC MEMBER VOTES AGAINST MERGER WITH SIRI, VOTE NOW STANDS AS 2-1
[13:08] {Threei} - Note two members have yet to vote
[13:09] {dino} ahh
[13:21] {dino} out ma 270.75, +2.50 yesterday
[13:22] {hawkfan4} sweet
[13:22] {dino} lucky, gapped down hard off of amex
[13:37] {kazaam} wow, that is some disciplined sideways action
[13:39] {Threei} very much so
[13:43] {dino} sm l cetv .65, stop .29
[14:07] {Threei} 7.49 short scalp trigger for UAUA
[14:07] {Threei} if stays under .60
[14:13] {dptl} covered .38 uaua ty
[14:14] {Threei} :)
[14:14] {jmb} thanks Vad
[14:14] {Threei} welcome
[14:15] {Threei} just when everyone though I was in that monastery already eh?
[14:16] {Threei} CSIQ one more quick drop is coming
[14:17] {Threei} happened while I was typing actually, lol
[14:21] {Threei} absense of shorts on financials is inconvinient
[14:21] {Threei} look at 1 min FNM
[14:21] {Threei} was clean short setup at .50 break
[14:23] {hawkfan4} was pretty
[14:23] {Threei} if I were them, I'd do this ban differently
[14:24] {Threei} short to your heart content as long as you cover within same day
[14:24] {Threei} would bring net neutral result on day to day basis, and would provide a lot more liquidity
[14:25] {Threei} esentially stabilizing the price, and as a bonus providing serious fuel for upward move in case of good news
[14:25] {Chaeron} hmmm... Vad angling for head of SEC
[14:25] {Threei} I am more effective in a "behind the curtain consultant" role
[14:26] {Chaeron} as long as they pay you well
[14:26] {Threei} well?
[14:26] {Threei} nope
[14:26] {Threei} very well
[14:26] {Threei} that may do it
[14:27] {Chaeron} :)
[14:37] {Threei} watch USO and UAUA
[14:37] {Threei} now hat UAUA bounced back into resiatance .50, USO tuern up will send it back down
[14:38] {Threei} can't call it as a trigger since it's more of relation than exact numbers
[14:38] {Threei} so if you understand the idea of a trade, try to find it
[14:38] {Threei} if not, ask
[14:38] {Threei} and I will do my best to pretend I understand what I just said
[14:39] {dptl} lol
[14:40] {dino} oh ohh, forgot order, s sm skyw .65
[14:40] {dino} stop hod
[14:43] {Threei} accordingly... IF USO drops, .51 will become UAUA long trigger
[14:43] {Threei} ummm... a bit late
[14:45] {dino} out cetv .65, +1.00
[14:46] {Threei} beauty
[14:46] {dino} ty
[14:46] {Threei} don't tell magoo I called you that
[14:46] {Chaeron} jealous?
[14:47] {Threei} I don't want to find out
[14:47] {dino} lol
[14:47] {hawkfan4} lol
[14:48] {Threei} watch LEH here
[14:48] {Threei} if NQ spikes sharply through 1810 LEH will jump too
[14:49] {Threei} it often gives little delay for entry when market makes sharp move
[14:49] {Threei} quite scalpable
[14:50] {Threei} feels like market spike is coming
[14:52] {Threei} 1810 break will launch it
[14:55] {dptl} laser gonna restart again
[14:56] {laserdave1} to ensure proper data they need to restart laser again
[14:56] {laserdave1} they are upgrading the server tonight
[14:56] {Threei} 14:56:18 ADMIN7 --} (All): This is an emergency issue, we are upgrading the server tonight, should not happen tomorrow.
[15:00] {Threei} here we go NQ
[15:04] {Threei} out LEH +.15
[15:05] {hawkfan4} nice, out +14
[15:05] {Threei} :)
[15:07] {Threei} jeez WB
[15:09] {Threei} this is one wierd market today
[15:09] {Threei} I believe we handled it very well
[15:10] {Threei} found a few good ones, avoided getting trapped into sudden changes
[15:10] {Threei} just one rinse
[15:10] {Threei} but heck... to be rinsed by LEH is like medal of honor
[15:10] {hawkfan4} very wierd day, herky jerky
[15:12] {Threei} let's sit out this up/donw jerkiness
[15:13] {Threei} LEH stabilized, oil is not impacting the day right now anymore,
[15:13] {Threei} WB is the only active spot
[15:14] {Threei} and we have WM reporting after close, right?
[15:14] {Threei} good enough reason not to touch WB right now
[15:15] {hawkfan4} yes, WM after close today
[15:25] {Threei} WB is likely to pullback hard now
[15:25] {Threei} which should provide bounce for a scalp
[15:26] {Threei} 15.5 - 15.7 area will get me interested
[15:26] {Threei} 15 will get me excited
[15:26] {Threei} 14 - delighted... 13 - depressed
[15:26] {Threei} just like this market
[15:28] {Threei} no pullback... oh well
[15:31] {peterg} short WB?
[15:31] {Threei} I don't think you can
[15:31] {Threei} test it by 100 shares at 17
[15:31] {peterg} Doesn't it itch to lose some weight?
[15:31] {Threei} I am sure you will get "not available"
[15:32] {Threei} it's one of financials put on "speacial no short" list
[15:32] {peterg} 200 at 16.05
[15:32] {Threei} why that low?
[15:32] {Threei} test is done away from market
[15:33] {Threei} stock pulled bacxxk about 70 cents, it's a lot of chasing
[15:35] {peterg} caved and bailed, throwing money to the winds
[15:35] {peterg} now it works
[15:35] {peterg} maybe
[15:35] {Threei} why not wait for bounce to short?
[15:36] {peterg} when bounce"
[15:36] {peterg} ?
[15:36] {Threei} closest resistance is 16.20 area now
[15:38] {Threei} WB is available
[15:38] {Threei} strange
[15:39] {Threei} watching for market turn to short
[15:39] {Threei} too spikey...
[15:43] {Threei} OK, short half lot
[15:43] {Threei} .65 stop
[15:43] {Threei} no worky
[15:45] {Threei} quite an amazing recovery in the market and financials
[15:45] {Threei} second try
[15:46] {Threei} got .72
[15:47] {Threei} out .45
[15:47] {Threei} got that stop back
[15:47] {peterg} you got WB at .72?
[15:47] {Threei} and covered at .45
[15:47] {peterg} masterful
[15:47] {peterg} envy
[15:48] {Threei} this is "multipe try" kind of trade
[15:48] {Threei} keep it to half lot and keep stops tight
[15:48] {peterg} disincentive on my platform is fixed price commissioin
[15:48] {Threei} if not so close to end of day, would try to hold for more drop
[15:48] {Threei} but with 10 min left, just satisfied with getting back first stop
[15:49] {Threei} yikes
[15:49] {Threei} per share price is the way to go unless you are trading 10-20K lots
[15:49] {peterg} working on it
[15:49] {Threei} gives you flexibiltiy to vary size
[15:49] {dino} think i'm calling it a day cov. skyw for sm loss. thanks all
[15:49] {Threei} to partial out
[15:49] {Threei} OK guys, quite a day
[15:49] {Threei} let's get some rest
[15:49] {dptl} have a good evening all :)
[15:50] {Threei} thank you all, havce a great evening
[15:50] {peterg} Im getting it see all later
[15:50] {hawkfan4} good idea, bye all, thx
[15:50] {Threei} see you tomorrow
[15:50] {Threei} for another session of therapy for maniak-depressive market
[15:51] {fernp} see you tomorrow
[15:52] {judijim} be back tomorrow, take care everyone

Jul 21 2008

Session Time: Mon Jul 21 00:00:01 2008

[08:36] {Threei} Good morning
[08:36] {Threei} looks like all is well in da world today
[08:36] {Threei} everything' gapping up merrily
[08:37] {hawkfan4} good morning
[08:37] {Threei} hawk :)
[08:41] {Threei} should overall and financial rally continue, LEH becomes a long at 20.20
[08:51] {brian3579} gm all
[08:51] {Threei} brian :)
[08:54] {judijim} hello and good morning
[08:55] {Threei} jj :)
[08:56] {dptl} good morning all
[08:56] {Threei} dp :)
[09:07] {Threei} FNM forming support at 14.80
[09:08] {GeoArb} gm
[09:08] {Threei} Geo :)
[09:10] {pita} gm everyone
[09:11] {Threei} pita :)
[09:14] {Threei} watching FNM, if big offer at .98 gets taken, worth a half lot pre-market try
[09:19] {fernp} Good morning all
[09:19] {Threei} fern :)
[09:26] {dino} gm all
[09:26] {Threei} dino :)
[09:26] {Threei} 10 is interesting level for FRE
[09:27] {Threei} significant support in the past, turned into important resistance later on,
[09:27] {Threei} if can hold today siglas a lot of strength for further rally
[09:27] {Threei} signals
[09:29] {Threei} if you took FNM, feel free to grab "warm-up scalp"
[09:31] {Threei} FRE .21 long, stop under 10
[09:32] {Threei} fast swing to 1:1 and back
[09:33] {Threei} FNM is considerably stronegr
[09:36] {Threei} FNM .56 half lot long if not losing .40 anymore
[09:38] {Threei} over 1:1
[09:39] {Threei} touched under .40 briefly, hard to tell whether it was invalidation or just a fluke... kinf of discretionary
[09:39] {dino} out nue from friday late, +1.22
[09:39] {Threei} if you took it, get out here
[09:39] {kazaam} leh broke 20.20
[09:39] {Threei} dino :)
[09:39] {dino} i know, don't swing
[09:39] {Threei} LEH went too deep on pullback for my taste...
[09:40] {Threei} but with FNM continuing , probably worth a try
[09:40] {Threei} sheesh FNM
[09:41] {Threei} BAC
[09:41] {Threei} CEO: DOES NOT SEE US ECONOMY SLIDING INTO A NEGATIVE GROWTH SCENARIO FOR A LONG DURATION OF TIME, CFC ACQUISITION ON TRACK, ADDING TO PROFITS - CONF CALL
[09:41] {Threei} - Merger costs still seen at $1.2B
[09:41] {Threei} - Notes thet their credit losses are still rising, will deteriorate through 2008, yet most of the businesses are performing well
[09:43] {Threei} half out LEH who went for it
[09:43] {Threei} scalpers know what to do
[09:43] {Threei} 1:2
[09:43] {dino} artc
[09:44] {hawkfan4} 1/2 out leh + .55, thx vad
[09:44] {Threei} welcome :)
[09:44] {dino} gj
[09:45] {Threei} pullnack time is coming for LEH
[09:45] {Threei} I'd be out here
[09:45] {hawkfan4} out
[09:45] {dino} chic
[09:46] {Threei} this endless string of green bars is scary looking
[09:46] {Threei} when it ends, it derops so violently, beter be out before that
[09:46] {Threei} "sell when you can, not when you have to"
[09:46] {Threei} look at that
[09:47] {Threei} over 50 cents drop in one gasp
[09:47] {Threei} aren't you glad to give up last 5 cents and guard yourself against this
[09:47] {hawkfan4} you bet
[09:48] {Threei} reentry time is coming
[09:48] {Threei} ugh, late
[09:48] {Threei} don't chase
[09:49] {kazaam} possible BAC wedge
[09:50] {Threei} somewhat listless chart... can't tell on BAC, sorry
[09:50] {Threei} ok FNM, it's officially putting my exit call into "what was I thinking" category
[09:57] {Threei} MYGN
[09:58] {Threei} 61 break long half lot
[09:58] {Threei} stop under 60.80
[09:59] {Threei} WHITE HOUSE: EXPECTS MOVEMENT ON THE HOUSING BILL BY WEEK'S END
[10:00] {Threei} JUNE LEADING INDICATORS: -0.1% V -0.1%E
[10:02] {Threei} MYGN is not a scalp for me but manage your trade according to your trading plan
[10:05] {Threei} SGLP
[10:05] {Threei} UPDATE: PRICE TARGET LOWERED TO $10 FROM $38 AT RBC CAPITAL; MAINTAINS SECTOR PERFORM RATING
[10:05] {Threei} - pre-open
[10:06] {Threei} market looks wierd
[10:07] {Threei} non-scalping part no go MYGN
[10:11] {dino} aste
[10:13] {peterg} gm--connect chatline but dead for stox..grrrrr
[10:14] {Threei} morning peter
[10:16] {Threei} BRKS
[10:16] {Threei} .84 - .85 long if stays above .75
[10:21] {kazaam} everybody went to sleep kinda early this morning
[10:21] {Threei} you assume someone actually ever woke up
[10:21] {Threei} that's not a given
[10:21] {kazaam} ahhh, mistake number one
[10:22] {dino} sm l aste .92, stop .59
[10:24] {dino} etm s .92 stop hod
[10:24] {GeoArb} i need stronger coffee... riding BRL slow....
[10:25] {Threei} BRKS invalidated
[10:33] {dino} v sm artc l .80
[10:33] {dino} wide
[10:34] {dino} nope, stopped
[10:38] {Threei} getting interested in FNM again
[10:39] {Threei} worth a try as close to .50 as possible, can take a few attempts
[10:41] {Threei} ALTH
[10:41] {Threei} .50 break long
[10:41] {Threei} aww
[10:41] {kazaam} darn, was waiting for it to hit .62
[10:41] {Threei} too fast
[10:41] {Threei} see if gives pullback
[10:42] {Threei} anyone found FNM entry?
[10:44] {hawkfan4} missed it
[10:44] {fernp} no. too fast
[10:48] {kazaam} vad, any read on SII?
[10:48] {Threei} 85 is obvious support
[10:48] {Threei} worth a try off it
[10:48] {Threei} just a bit too volatile to rely on exact numbers,
[10:48] {Threei} gotta o with fuzzy "areas"
[10:49] {Threei} WB
[10:49] {Threei} .51 long if stays above .35
[10:50] {Threei} wierd spikes NQ
[10:51] {Threei} SGLP... no more bankruptsy or what
[10:52] {Chaeron} Good morning all
[10:52] {Threei} chaeron :)
[10:54] {Threei} anyone took ALTH on pullback to .50?
[10:56] {dino} mancehester securities and alerian capital assume control of sglp
[10:56] {Threei} I wish I understood what that means :)
[11:03] {Threei} ALTH is pregnant with runner status
[11:04] {Threei} not for chasing here though
[11:05] {Threei} how did I miss CLNE 13 break
[11:06] {kazaam} BRL breakout?
[11:06] {kazaam} oh, i guess i missed it
[11:06] {Threei} Geo is in it from earlier
[11:07] {Threei} I think from way earlier
[11:07] {Threei} 64 or so?
[11:08] {Threei} LEH half lot long 20.03
[11:08] {Threei} stop under .90
[11:09] {Threei} .80 is better pronounced support but I would like to keep it to scalping mostly at this point
[11:10] {GeoArb} sitting in it from .30.... in and out of office
[11:11] {Threei} grrrr MYGN
[11:11] {Threei} rinsed
[11:14] {Threei} OSTK small shares short .55
[11:14] {Threei} if stays under .75
[11:17] {Threei} feel free to cover as yuou see fit
[11:22] {fernp} excelent Vad. TY
[11:23] {Threei} :)
[11:23] {Threei} power of momentum is amazing... it's down so much over last days and still drops
[11:24] {Threei} FNM... time to try it again, may take multiple attempts
[11:24] {Threei} .75 with stop under .60 first try
[11:26] {Threei} if stopped next support is .50
[11:26] {Threei} sheesh OSTK
[11:26] {Threei} anyone had mor patience than I did?
[11:27] {kazaam} wish i got in, took a bathroom break and missed LVS as well
[11:27] {GeoArb} too much info
[11:27] {Threei} lol
[11:28] {kazaam} hehe
[11:28] {GeoArb} long enuff break to miss not one but 2 plays !!!!!!!!!!!!!!
[11:28] {GeoArb} :)
[11:30] {Threei} ah come on FNM, isn't $3 pullback from high deserving an entry?
[11:30] {Threei} apparently not
[11:34] {pita} later everyone
[11:35] {Threei} take care pita
[11:35] {dino} aste stop to .32
[11:35] {dino} etm bstop to b/e
[11:39] {Threei} LEH bounce time very soon
[11:40] {Threei} hard to pin;point exact entry
[11:40] {Threei} if you get a feel for it, great
[11:40] {Threei} if not, stay away
[11:40] {dino} out aste .63 +.71
[11:40] {Threei} wtg
[11:40] {dino} ty
[11:41] {dino} took awhile, but hey
[11:41] {dino} etm to .72
[11:46] {dino} etm stopped/cov .73 +.19
[11:57] {Threei} if FNM goes as low as 15 I will buy without second thought
[11:57] {Threei} (I think)
06[11:58] * Threei slaps laserdave1 around a bit with a large trout
06[11:58] * Chaeron slaps laserdave1 around a bit with a large trout
[12:00] {dino} ma gap fill
[12:01] {Threei} one more leg down probably, for both market and FNM, and bounce should develop
[12:04] {Threei} in FNM{ try #1
[12:04] {Threei} stop 0.09
[12:07] {dino} v sm l ma .25 risky, v wide
[12:09] {Threei} ok market, enough games... time to move
[12:11] {Threei} FNM needs to sell under 15
[12:11] {Threei} will be impossible to call in time
[12:12] {Threei} same thing as before - if you get a read on it, go for it
[12:12] {Threei} if not, stay on a sideline
[12:27] {kazaam} what a mess
[12:27] {Threei} Monday... hangover...
[12:28] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[12:28] {dino} grmn
[12:30] {Threei} don't see any news for this spike
[12:30] {dino} me niether
[12:33] {Threei} anyone got FNM?
[12:33] {hawkfan4} .93
[12:33] {Threei} beauty... wtg
[12:35] {hawkfan4} out +.47, thx. rather buy it back than watch it teleport do 15 again
[12:36] {dino} gj
[12:37] {hawkfan4} thx dino
[12:39] {dino} :)
[12:45] {dptl} mdco?
[12:45] {Threei} why not
[12:45] {Threei} chart's right, market is moving
[12:46] {dptl} l .21
[12:46] {dptl} stop under .06?
[12:47] {Threei} or under 21
[12:47] {Threei} both make sense
[12:47] {dptl} ok ty
[13:02] {dptl} sun?
[13:03] {Threei} ywes, not a cloud here
[13:04] {dptl} .40 break with stop under .20
[13:04] {Threei} .40 if holding above .25, IMO
[13:04] {dptl} ok ty
[13:04] {Threei} lunch time... things are less eactive
[13:06] {Chaeron} Ben Franklin summed it up well. In times of stress, the three best things to have are an old dog, an old wife and ready money. How right he was.
[13:07] {Chaeron} ooops sorry
[13:07] {Threei} why then do all those people with ready money leave old dog to old wife and go for new wife
[13:08] {Chaeron} lol
[13:08] {GeoArb} lol
[13:08] {Chaeron} fools
[13:08] {dptl} mir?
[13:08] {GeoArb} thats in times of less stress
[13:08] {Threei} MIR intraday looks nice, but there is .81 resistance from yesterday, very close
[13:09] {dptl} yes.
[13:11] {dptl} grabbed 10c mir
[13:11] {Threei} went through both
[13:11] {Threei} nice one
[13:11] {dptl} offering .37 mdco
[13:12] {Threei} dptl, the lunch time money machine
[13:12] {dptl} :) trying
[13:14] {dptl} should i keep same stop on mdco?
[13:14] {Threei} it formed new support at .15
[13:14] {Threei} so, either .14 if you are strict
[13:14] {Threei} or .09 to pad it a bit
[13:14] {dptl} thats what i think
[13:16] {dptl} sun held.25
[13:18] {dptl} got .42 sun
[13:26] {dptl} out mdco +.16
[13:26] {Threei} :)
[13:27] {dptl} :) now if you can kick that sun:)
[13:29] {Threei} good enough?
[13:29] {dptl} lol a bit more may be or that will be pushing
[13:30] {Threei} it will... but I'll try... just for you
[13:31] {dptl} thanx Vad
[13:31] {dptl} offering .57
[13:37] {dptl} hmm..amazing ...nice kick Vad out .57 thx lol
[13:38] {Threei} welcome sir
[13:38] {Threei} just ask
[13:38] {dptl} :)
[13:50] {dptl} nrg?
[13:53] {Threei} .26 is obvious trigger but I don't see defined support for stop placement for now
[13:54] {dptl} sun again
[13:55] {dptl} yes same here can't find stop for nrg
[13:55] {Threei} see if COST forms double bottom
[13:55] {Threei} .91 would be long if holding above .70
[14:00] {dino} i was watching cost too
[14:01] {Threei} cool, let's name the thing for move to 70.50
[14:01] {dino} ok
[14:01] {Threei} name = nail
[14:04] {Threei} lost support in validating double bottom
[14:04] {Threei} invalifating
[14:04] {Threei} ok, whatever
[14:04] {GeoArb} lol
[14:09] {dino} i like it here w/stop at .48ish
[14:29] {dptl} sho
[14:31] {Threei} I'd expect FNM to try a run once again before day is over
[14:32] {Threei} OPEC PRESIDENT NOTES THAT THERE IS ADEQUATE EXTRA CAPACITY TO MEET AN INCREASE IN DEMAND
[14:32] {Threei} {USO}
[14:32] {Threei} I guess 15 break
[14:32] {Threei} and as usual... can take a few tries
[14:33] {Threei} don't touch it if not ready for that
[14:33] {Threei} oil spike weighs on market
[14:34] {dptl} l sho .06 stop .94
[14:36] {Threei} come on FNM
[14:36] {Threei} your day high is 3,5 dolars away for pete's sake
[14:36] {Threei} can't you try and make at least 1/7 of tat?
[14:36] {Threei} than
[14:37] {Threei} that
[14:37] {Threei} magoo would be proud of me
[14:37] {GeoArb} vad in that scanner setting..... FDG
[14:38] {Threei} nice one
[14:39] {dino} gj
[14:40] {GeoArb} i was down for the day ... got greedy....FDG made me flat
[14:40] {GeoArb} now i am going to sit in the corner
[14:41] {GeoArb} coal sector hot
[14:42] {dino} up here, but slow day
[14:43] {GeoArb} finally feels a litle like summer
[14:46] {Threei} WHITE HOUSE REPORTEDLY EXPECTS IRAN TO REJECT MOST RECENT NUCLEAR OFFER
[14:46] {Threei} - reminder: at the weekend meetings in Geneva, the six major powers set a 2 week deadline for Iran, or it will face further sanctions
[14:55] {GeoArb} vad.... UYG basing nicely at lows
[14:55] {GeoArb} any read?
[14:55] {GeoArb} oops
[14:59] {GeoArb} paid
[15:01] {GeoArb} anyone else take it?
[15:01] {GeoArb} or summer siesta? :)
[15:03] {GeoArb} .
[15:03] {GeoArb} am i logged in?
[15:04] {Chaeron} yes geo :)
[15:04] {Threei} I guess
[15:04] {patience} i think so
[15:04] {GeoArb} thanks
[15:04] {GeoArb} i guess i am just being ignored
[15:05] {Threei} well, look at it this way
[15:05] {GeoArb} oooooo
[15:05] {Threei} someone should take magoo's place for a week
[15:05] {GeoArb} es breaks low
[15:05] {patience} i miss magoo
[15:05] {Chaeron} me too... Vad... please edit this out :)
[15:06] {Threei} yeah right
[15:06] {Chaeron} just didn't want in writing LOL
[15:06] {GeoArb} sentiments sensntiments
[15:07] {Threei} I am more likely to add than edit out
[15:07] {dino} ohhh mannnnnnnnn, do not let him hear that
[15:08] {dino} and here i sit enjoying the quiet
[15:08] {GeoArb} anyone in anything interesting?
[15:08] {GeoArb} i asm still short uyg
[15:08] {dino} interesting no
[15:09] {dptl} stopped sho -.07...got to go.......have a good evening all:)
[15:09] {dino} u2 dp
[15:09] {Threei} take care dp
[15:15] {Threei} tough ending so far, don't see any more or less safe play
[15:15] {Threei} FNM break of .50 is asking to be bought
[15:15] {Threei} but not much worked on it since its retreat from highs
[15:16] {judijim} take care all, be back tomorrow
[15:16] {Threei} take care jj
[15:22] {peterg} ok, finally arrived after day of resolving computer issues; so whats up?
[15:22] {peterg} must make money in ten minutes
[15:22] {peterg} revenge trading
[15:22] {Threei} great way to lose some
[15:22] {peterg} I know; I'll wait til tomorrow; have no feel.
[15:27] {Threei} neither dio I
[15:28] {Threei} you know what... I think let's call it a day, market is confused and I don't want to do anything potentially hurtful
[15:28] {Threei} USO rally put a drag on market
[15:28] {Threei} and financial's strength disapeared
[15:29] {Threei} thank you all, have a great evening, see you tomorrow
[15:29] {hawkfan4} cya vad, thx
[15:30] {peterg} tomorrow
[15:30] {fernp} bye
[15:33] {peterg} laserdave, you there? CDCC
[15:45] {dino} cost stopped -.27
[15:59] {dino} ok calling it a day, take care all
[15:59] {dino} holding ma, v sm

Jul 18 2008

Session Time: Fri Jul 18 00:00:00 2008

[08:29] {magoo} morning
[08:29] {Threei} good morning
[08:32] {cosmo} checking
[08:33] {cosmo} MDVN: Medivation announced publication of results of its first Alzheimer's disease pivotal clinical trial of the investigational drug DimebonBriefing.com(Fri 7:44am)
[08:33] {Threei} that gives us hope
[08:34] {cosmo} coffee?
[08:34] {cosmo} nah
[08:34] {magoo} m9orning
[08:40] {cosmo} hmm....that drug wears off fast...
[08:41] {magoo} yes coffee..ty
[08:41] {cosmo} $2
[08:49] {judijim} good morning all
[08:51] {Threei} jj :)
[08:53] {Threei} looks like C saves the day so far, ofsetting bad reports by GOOG and MER
[08:54] {fernp} Good morning
[08:54] {Threei} fern :)
[08:54] {Threei} one bad thing is, Cramer called oil top
[08:55] {peterg} morning all
[08:55] {Threei} peter :)
[08:55] {Threei} we may be looking at possibility of unexpected run by MER
[08:56] {cosmo} eslr
[08:56] {Threei} it's down not that much, and recovered nicely already
[08:56] {Threei} could be a surprise run
[08:56] {cosmo} filling gap so far
[08:57] {Threei} .20 break maybe worth a careful try on MER
[08:57] {Threei} ESLR is nasty stock...
[08:59] {cosmo} it heard that
[09:03] {Threei} WEDBUSH MORGAN RAISED ESLR TO BUY FROM HOLD
[09:06] {Threei} feel free to take MER scalp who went for it
[09:08] {Threei} any takers?
[09:09] {hawkfan4} missed it, was taking out the garbage, nice call
[09:09] {dino} gm all
[09:10] {pita} gm all
[09:10] {kazaam} gm
[09:12] {dptl} good morning all
[09:12] {Threei} morning everyone
[09:13] {peterg} more to say about MER?
[09:14] {peterg} interesting
[09:14] {magoo} beauty vad..i guess i just had a 500 bux phone call because i was going tom take it
[09:14] {Threei} ugh
[09:14] {dino} sglp liquidity issues, chapter 11 options discussed
[09:14] {Threei} will be on watch peter
[09:14] {magoo} locked loaded ring
[09:14] {magoo} ugh
[09:14] {GeoArb} gm
[09:14] {Threei} right now after over 1 dollar run from a trigger, what to say... :)
[09:14] {Threei} Geo :)
[09:16] {Threei} wow dino
[09:16] {Threei} how nice of them to tell us today :)
[09:18] {magoo} vad, its avail short sglp
[09:19] {Threei} 07/17/08 08:11pm
[09:19] {Threei} [SGLP] SemGroup Energy Partners Comments on today's decline in its share price: Has been informed by SemGroup, SGLP's parent, that SemGroup is experiencing liquidity issues and is exploring various alternatives
[09:19] {Threei} - Various alternatives include raising additional equity, debt capital or the filing of a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code
[09:25] {dino} as if nobody knew yesterday, sheesh
[09:26] {dino} meaning, somebody knew
[09:27] {Threei} isn't it remarkable that market is capable of sshrugging off GOOG miss
[09:27] {Threei} just shows how much it is about financials and oil right now
[09:28] {GeoArb} also options expiration wierdness?
[09:28] {Threei} probably, yes
[09:29] {Threei} LEH is either .80 break of pullback to .40... really can't tell which entry is better
[09:31] {Threei} pullback that was... very fast, not an easy entry
[09:31] {Threei} anyone got it?
[09:32] {hawkfan4} nope
[09:32] {dino} need coffee
[09:32] {fernp} no here
[09:32] {Threei} FRE 8.80 support
[09:33] {Threei} take scalp if got it
[09:33] {tomg} got leh and fre, ty vad
[09:33] {Threei} wow tom, you have amazing reflexes
[09:33] {tomg} nah
[09:33] {tomg} play 3d pinball at nite :)
[09:34] {Threei} lol
[09:34] {hawkfan4} nice vad, got .25 on fre, thx
[09:34] {Threei} :)
[09:35] {Threei} LEH one more leg down for entry
[09:35] {Threei} somewhere under .50 I think
[09:36] {magoo} lil deep?
[09:36] {Threei} in
[09:36] {Threei} stop under 18
[09:36] {magoo} in .25
[09:38] {peterg} in .15
[09:39] {Threei} out .60
[09:40] {Threei} a bit too nervous move
[09:40] {hawkfan4} out .55, nice
[09:40] {kazaam} very nice
[09:40] {magoo} missed exit
[09:40] {kazaam} i take it you guys have been having a good week?
[09:40] {Threei} very kaz
[09:40] {magoo} was out .74
[09:41] {peterg} system froze; got out for a dime
[09:41] {Threei} aww
[09:42] {peterg} yep
[09:42] {Threei} sorry peter... hooked great entry
[09:42] {Threei} beat mine by 3 cents
[09:42] {Threei} FRE, if sells fast into 8.20
[09:43] {Threei} maybe wishful thinking
[09:43] {Threei} but let's see
[09:43] {Threei} 8.40 is support too but something tells me it's not going to hol
[09:44] {Threei} "something" was right
[09:45] {Threei} not sure it can go as far as 8.20
[09:45] {dino} ostk
[09:45] {Threei} but glad I didn't take 8.40, struggling here
[09:45] {Threei} if it goes from here so be it
[09:45] {Threei} FNM
[09:46] {Threei} .50 closest support
[09:46] {Threei} in, stop .39
[09:47] {Threei} trailing to .49 if takes .65
[09:47] {Threei} trailed
[09:49] {Threei} maybe getting greedy, but heck... my risk is about 10 cents here
[09:49] {magoo} i dont wanna miss this exoit..where u thinking?
[09:50] {Threei} between .80 and .90 most likely
[09:50] {dino} risky sm v l .15
[09:50] {dino} stop lod
[09:50] {Threei} out
[09:51] {Threei} sharp market downtick
[09:51] {Threei} don't want top get caught
[09:51] {Threei} srtill looks good but it's friday
[09:51] {Threei} taking easy money
[09:52] {Threei} lol, tell longer term traders and investors that we call FRE/FNM/LEH etc easy money
[09:52] {magoo} ogk, out fnm.91
[09:52] {peterg} out at .84, =.18; left too soon maybe
[09:52] {magoo} fre.67 and lucky on leh .54
[09:52] {peterg} nice magoo
[09:52] {magoo} a lil luck nice sometimes up good..cant begin to calculate
[09:53] {dino} luck is half the game
[09:53] {Threei} I don't care what Raven says... I 've NEVER seen summer trading that active, readable and consistently profitable
[09:55] {pita} got sm piece of LEH and FRE -- TY Vad
[09:55] {dino} v stopped
[09:55] {Threei} welcome pita :)
[09:58] {magoo} dont jinx it vad
[09:58] {Threei} well, I still think we are to see some slowdown in August
[09:58] {Threei} but most likely not aas severe as usual
[09:59] {Threei} too much is going on
[09:59] {peterg} Sovereign wealth funds, Dark Pools
[09:59] {Threei} and the scale of happenings is way too big for the markets to just go on vacation
[09:59] {Threei} dark pools - I don't know what the fuss is about
[10:00] {Threei} I don't see it as something significant
[10:00] {peterg} nice place for fear to locate
[10:01] {peterg} 92.3% of news is fear
[10:01] {magoo} [09:59] {Threei} and the scale of happenings is way too big for the markets to just go on vacation
[10:01] {peterg} echo?
[10:02] {dino} i agree vad, this summer is nuts
[10:02] {magoo} a trader this morn on cnbc said normally be at hamptons already for weekend...but to much happening
[10:02] {dino} black swan circling
[10:02] {peterg} yes, and the scale of happenings is way to big for the markets just to go on vaction.
[10:02] {Threei} lol peter
[10:03] {dino} no matter peter, because i am, end of next week, sunset beach, nc, mid. aug. jamaica
[10:03] {peterg} sounds good
[10:03] {dino} indeed
[10:03] {dino} much needed mind erasing
[10:03] {peterg} fond memories of jamacai, weeds, drinx etc
[10:04] {dino} my 5th time going there, this time taking kids
[10:04] {peterg} go be rasta wif spliff
[10:04] {Threei} my mind erasing will happen in Alaska
[10:04] {magoo} btw, i will be out all next weekend...my boy is going to mx camp annd i have to be there..mechanac and mentor capacity..he is only 9
[10:04] {dino} cruise tour, you will love it
[10:04] {Threei} booked that heli tour you mentioned dino
[10:04] {Threei} 4 glaciers adventure, right?
[10:05] {GeoArb} have fun guys..... my parents visiting all aug/sep and in laws oct/nov
[10:05] {dino} awesome
[10:05] {GeoArb} dunno if its :) or :(
[10:05] {peterg} sum of each
[10:05] {Threei} lol... take care geo
[10:05] {Threei} also, train to White Pass in Skagway
[10:05] {magoo} vad, book the white water raft tour also
[10:05] {peterg} say chaps, where is there some money to be made?
[10:06] {magoo} real fun
[10:06] {dino} we took the train to denaili, took about 8 hours, but really fun
[10:06] {peterg} $$$$
[10:06] {dino} dog sleds, gold mining, etc
[10:06] {magoo} teach u to row together across glacier lake..stop on river island for booze
[10:07] {magoo} we did alaskan cruise as a honeymopon
[10:07] {dino} peter i think ostk off of .25 l
[10:07] {Threei} not sure I still have room for more tours... but will look into it, thanks for the tip
[10:07] {dino} also watching cetv
[10:07] {magoo} oh, i did train ride in skagway, real cool
[10:08] {dino} i fondly remember the ship selling buckets of becks'
[10:08] {GeoArb} lol
[10:08] {GeoArb} thtats the memory?
[10:08] {magoo} i liked the ship casino..no kiding..i luv roulette wheel
[10:08] {dino} cetv l sm .90, wide, wild moves
[10:09] {peterg} watching--little scary
[10:09] {Threei} for some reason I am totally cold to casinos
[10:09] {Threei} 3 times in Vegas, no single game, can you imagine
[10:09] {Threei} SGLP recovery or what
[10:10] {magoo} you'll only find magoo at the wheel with drink in hand..hate the blackjack tables
[10:10] {dino} same here 3i, casinos feel like work to me
[10:10] {Threei} boring work at that
[10:11] {cosmo} i like the archaeology in that area
[10:11] {peterg} Pacinko parlours in japan
[10:11] {cosmo} paleo too
[10:12] {dino} i like the bikini clad women by the ships' pool
[10:12] {Threei} SQNM
[10:12] {GeoArb} i am with magoo on that
[10:12] {kazaam} ibm l .43
[10:12] {GeoArb} live more fun
[10:12] {Threei} small shares long on pullback to .60, stop under .40 and hold for something good as magoo says
[10:14] {Threei} first strength from here
[10:14] {magoo} in .57
[10:15] {dino} sglp spike
[10:15] {Threei} MER
[10:15] {Threei} 38 break long half lot
[10:16] {Threei} 30, sorry
[10:16] {Threei} stop under 29.80
[10:16] {dino} v last try .00 l
[10:17] {magoo} in mer .05
[10:17] {dino} pete was right ostk
[10:17] {magoo} was fast
[10:17] {Threei} SQNM slowly trying
[10:18] {Threei} with any help it's capable of really strong runs
[10:18] {kazaam} stupid chart not updating on sqnm, I will just have to pretend I got in with you guys on SQNM
[10:18] {magoo} tough mkt for help tho boss
[10:18] {Threei} stop is small enough to try and give it a chance
[10:20] {magoo} stalking RIMM
[10:20] {magoo} if IF mkt can bounce..nice long ..risky not in
[10:20] {Threei} kazaam, look dcc please
[10:21] {magoo} how come i never get a "magoo look dcc?"
[10:21] {Threei} OK... magoo, look dcc (just keep in mind there is none)
[10:21] {peterg} tks dino, absorbed in SQNM
[10:21] {magoo} shit, i went there he he
[10:21] {Threei} gotcha!'
[10:22] {magoo} :)
[10:22] {Threei} SQNM tries the high again even as market retreats
[10:22] {Threei} it's volatile one
[10:23] {Threei} that's why I wanted small shares - it acts similarly to days when it posts big gains so I want to be able to hold through it's swings
[10:24] {magoo} l rimm small .90
[10:24] {Threei} MER stop to .85
[10:27] {dptl} stop under .60 now sqnm?
[10:28] {Threei} I'd move it after new high is made
[10:28] {dptl} ok ty
[10:28] {Threei} and pad it a bit, do not overtighten
[10:29] {Threei} I mean under .60 doesn't mean .59 in SQNM's case
[10:31] {Threei} no worky MER
[10:34] {kazaam} maybe MER break of 30.18?
[10:34] {magoo} l aapl here super small
[10:35] {Threei} only is some activity returns, it loses life
[10:35] {Threei} maybe Fridfay effect, maybe something else
[10:37] {magoo} in aapl .24
[10:37] {magoo} stop .90
[10:38] {Threei} FRE
[10:38] {Threei} REPORTEDLY PLANS TO SELL $1B 3 MONTH, $1B IN 6 MONTH AND $1B IN 12 MONTH BILLS JULY 21 SCHEDULED TO SETTLE 22
[10:38] {Threei} market tripped of something again
[10:39] {magoo} stopped aapl
[10:39] {Chaeron} good morning everyone
[10:39] {magoo} sigh
[10:39] {dino} that was me
[10:39] {Threei} chaeron :)
[10:39] {Chaeron} nice to see you too magoo :)
[10:39] {Threei} WTO RULING IN FAVOR OF US OVER CHINA ON AUTO PARTS CASE
[10:40] {Threei} I don't know why I post it
[10:40] {dino} post what
[10:40] {peterg} because your car is made in china
[10:40] {Threei} [10:39] {Threei} WTO RULING IN FAVOR OF US OVER CHINA ON AUTO PARTS CASE
[10:41] {peterg} btw, the US emerged victorious in the glorious struggle against the capitalist roaders of China.
[10:41] {dino} busting you
[10:41] {dino} algt sm s .65, stop .10
[10:45] {dino} dmnd
[10:47] {magoo} man vad FNM
[10:49] {dino} algt stopped .00 -.35
[10:51] {Threei} I don't see news that rocketed financials
[10:54] {hawkfan4} me either, wild
[11:06] {dino} out v .55 +.55
[11:08] {dino} ipcc
[11:09] {dino} missed
[11:11] {dino} fwlt sm l .10
[11:11] {dino} stop lod
[11:11] {Threei} WHITE HOUSE: A GOAL FOR A "GENERAL TIME HORIZON' HAS REPORTEDLY BEEN REACHED BY IRAQ AND THE US ON POTENTIAL TROOP WITHDRAWALS
[11:13] {dino} lets see, usa will pay iran, iran will take money, iran will then say no
[11:13] {dino} opps read that as iran
[11:14] {dino} in any case, thats next week on nukes
[11:14] {magoo} ok, have errand, be back hour
06[11:14] * Threei kicks SQNM in the rear with heavy duty army boots
[11:15] {Threei} we will pretend we miss you magooski
[11:15] {pita} day job calling - thanks for positive day!
[11:15] {Threei} wtg pita
[11:16] {Threei} FNM another round
[11:16] {Chaeron} bye pita... hurry back magoo
[11:16] {Threei} good job pretending chaeron
[11:16] {Chaeron} yeah... I thought it was worth a shot
[11:17] {Threei} it was... sorry for spoiling your effort by accidcenatlly pasting to magoo your private message to me "Close the door FAST while he is out"
[11:18] {Threei} FRE .86 very risky long trigger
[11:19] {Threei} SQNM new high finally
[11:21] {dptl} you still in?
[11:22] {Threei} SQNM? of course
[11:22] {Threei} FRE my stop .65
[11:22] {dptl} ok
[11:24] {dptl} offering .97 sqnm
[11:24] {GeoArb} done for the day.......VTR was my vehicle today
[11:24] {GeoArb} thanks all
[11:25] {Threei} take care Geo... you really need to start sharing your vehicles
[11:25] {GeoArb} simple pattern.... JBE on yesterday's high
[11:25] {GeoArb} vad i even mentioed the setup
[11:25] {GeoArb} "the basterdized version"
[11:25] {Threei} sorry, I must have slept through it
[11:25] {GeoArb} emailing you the config now
[11:26] {dptl} so...stop under .60 now..since its made new high?
[11:26] {Threei} yes, .55 for me
[11:26] {dptl} ok ty
[11:29] {GeoArb} emailed vad.....
[11:29] {Threei} ty
[11:32] {GeoArb} if this keeps up.... i might be able to go on vacations like you guys !
[11:35] {GeoArb} hmmm no humor
[11:35] {Threei} what else is new
[11:35] {GeoArb} guess these guys like vads humor OOOOOOO
[11:36] {Threei} that tells you something, doesn't it
[11:37] {GeoArb} what do you think of the scan vad?
[11:37] {GeoArb} i combined 2 of yours
[11:37] {Threei} gosh, let me observe it for a few :)
[11:37] {GeoArb} i meant the parameters
[11:38] {Threei} want to watch alerts first
[11:38] {Threei} to get an idea of what it hunts for, then reviews parameters
[11:38] {GeoArb} i switch between new high ve new resistence alerts
[11:38] {GeoArb} depending on how man i want
[11:38] {GeoArb} many
[11:41] {dino} v sm l skf .75
[11:41] {GeoArb} he he skf :)
[11:41] {GeoArb} dino can your platform short skf?
[11:42] {GeoArb} i almost never get shorts permission
[11:42] {kazaam} most etfs are not shortable
[11:42] {dino} no geo
[11:42] {GeoArb} why? i wonder
[11:43] {GeoArb} i guess i could go long uyg
[11:43] {dino} things that are bigger than i understand i guess
[11:43] {GeoArb} but not enough oomph
[11:44] {Threei} US SEC OF STATE RICE REPORTEDLY ACKNOWLEDGES THE US POLICY SHIFT ON IRAN WITH ITS DECISION TO SEND A SENIOR ENVOY TO GENEVA FOR THE NUCLEAR TALKS THIS WEEKED
[11:44] {dino} wow, i'm an oracle
[11:45] {GeoArb} we will hold hands and sing songs
[11:45] {dino} my earlier rant about iran
[11:46] {GeoArb} i have lived in middle east for about 20 years
[11:46] {GeoArb} and its not pretty and thats an understatement
[11:49] {dino} one place i will never go to
[11:50] {GeoArb} egypt and jordan and turkey have some amazing architecture though
[11:51] {GeoArb} wierd choppy day
[11:51] {patience} options expiry and weirded out market
[11:52] {GeoArb} off to day job to work for mortgage.... happy trading all
[11:53] {dino} cya geo
[11:57] {dino} out skf .25, +1.50
[11:58] {kazaam} nice one
[11:58] {patience} major envy dino, nice trading
[11:59] {dino} ty
[11:59] {dino} small size patience
[11:59] {dino} it moves a buck fast, so entries tough
[12:01] {kazaam} dino, what made you think long on skf? i reason i ask is i could only see short
[12:03] {dino} dji strated to drop, financials are heavy weight in dji. thats it
[12:03] {dino} i try not to think too much
[12:04] {dino} pull up 5 day dji, 5 day skf
[12:04] {dptl} more and more i see its always work ....not thinking:)
[12:05] {dino} took me years to
[12:05] {dino} "get" that
[12:05] {dptl} :)
[12:05] {dino} the less i know the better i trade
[12:06] {peterg} trade what you see not what you think
[12:06] {kazaam} thanks for your perspective dino, yeah i replaced thinking with eating
[12:07] {peterg} good plan
[12:07] {dino} lol kaz, and yes pete
[12:07] {dptl} or drinking
[12:07] {dino} keep it simple, right vad
[12:08] {Threei} even that is too complicated for me
[12:08] {dino} ipcc feels one more fast drop then bounce
[12:13] {peterg} in at .12
[12:17] {dino} ipcc?
[12:17] {peterg} yes shd v waited for a bit but well see
[12:18] {dino} keep you stop, doesn't matter then
[12:18] {peterg} finger on trigger
[12:18] {dino} you want to know where i'm bidding it? you'll laugh
[12:18] {peterg} id love a laugh
[12:19] {dino} 41.30
[12:19] {peterg} make my day
[12:19] {dino} back in 30 wife to lunch
[12:20] {dino} i will leave the bid there
[12:22] {peterg} lunch & fear got me out -.04
[12:23] {peterg} just in time
[12:28] {magoo} magoo back in-da-house
[12:29] {Threei} uh oh
[12:29] {Threei} sorry chaeron... I forgot to lock the door
[12:30] {Chaeron} *sigh*
[12:32] {magoo} well???
[12:32] {Chaeron} oh, sorry... Great to see you again Magoo!
[12:33] {magoo} no..was waiting to hear about all the great trades i missed
[12:35] {Chaeron} hmmmm... let's see... there was the triple-sized RIMM long off 109.55 out 110.46
[12:36] {Chaeron} then the short of AAPL on break of 167 - cover at 166.35... more?
[12:37] {magoo} wow..new it
[12:38] {laserdave1} ibm interesting
[12:38] {laserdave1} only .30 away from high
[12:38] {laserdave1} dangerous though
[12:39] {laserdave1} no pos will look at it if it takes a run at high
[12:40] {dptl} stopped sqnm
[12:44] {magoo} aapl looks good here
[12:45] {magoo} thats .50 cents
[12:47] {laserdave1} hey mags whats up
[12:47] {laserdave1} with your other good friend there
[12:47] {magoo} lazer
[12:47] {laserdave1} RIMM
[12:48] {laserdave1} its strong again
[12:48] {laserdave1} not in it
[12:48] {magoo} like aapl as bouncer better if IF mkt bounces
[12:48] {laserdave1} market hovering on support
[12:49] {magoo} feels up
[12:49] {magoo} mkt that is
[12:50] {Threei} I am feelingless
[12:50] {Threei} let's rely on your feel
[12:50] {magoo} and mean spirited too
[12:50] {Threei} mine took early weekend
[12:50] {Threei} oh, mean-spirited I am always
[12:51] {magoo} especially towards magoo ive noticed
[12:51] {Threei} actually no... it's universal...
[12:52] {Threei} I just enjoy expressing it openly toward magoo morfe than toward others {G}
[12:53] {magoo} oh..so then....i special
[12:53] {Threei} but of course
[13:03] {laserdave1} GOOG
[13:03] {laserdave1} extreme danger
[13:06] {magoo} afterhrs low was 470
[13:07] {magoo} vad..news AAPL?
[13:08] {dino} pete, ugh, ipcc would\'ve worked for you
[13:08] {Threei} no mags
[13:15] {magoo} read on AAPL vad
[13:15] {Threei} pullback to 166 is where I would try
[13:16] {laserdave1} mags dcc
[13:25] {laserdave1} peter dcc
[13:26] {Threei} dave is on dcc spree
[13:27] {kazaam} hurrrmph, SII
[13:27] {kazaam} darn
[13:28] {Threei} FRE
[13:28] {Threei} SEC HAS APPROVED SHARE REGISTRATION; CLEARS WAY TO RAISE FRESH CAPITAL
[13:28] {Threei} - Spokesman says there is no immediate need to raise fresh capital
[13:28] {Threei} - Updated their internal controls and financial reporting processes and is now an SEC registrant and reporting company
[13:29] {dino} apei
[13:30] {dino} too gast
[13:31] {Threei} itching to short WM
[13:33] {magoo} RIMM vad..unreal
[13:34] {Threei} oullback worth a try... with any market help should give about 50 cents easily
[13:38] {dino} sm l v .00
[13:41] {Threei} short WM .90
[13:41] {Threei} 6.01 stop
[13:46] {Threei} LEH feels like preparing for a jump
[13:47] {magoo} whats the call boss?
[13:47] {Threei} pullback would be great
[13:47] {Threei} .35-.40 area
[13:47] {Threei} not sure about break
[13:49] {Threei} overall, has this look about it
[13:49] {Threei} like retesting 20
[13:49] {Threei} WM 1:1
[13:49] {laserdave1} Wm where is exit Vad
[13:49] {laserdave1} ?
[13:50] {Threei} has a lot of downside... try to cover half on the next leg down, around .75 or so and ride the rest
[13:50] {laserdave1} ok
[13:51] {Threei} OFHEO: NOTES THAT IN REGARDS TO THE FILING BY FRE THIS MORNING, THE AGENCY IS 'PLEASED'
[13:51] {Threei} {FRE FNM}
[13:51] {Threei} here it is
[13:51] {kazaam} why short on WM vad? because of daily resistance?
[13:51] {Threei} double top on 1 min
[13:51] {Threei} daily resistance
[13:51] {Threei} dog with fleas
[13:52] {Threei} a lot of reasons :)
[13:53] {fernp} good one Vad. TY
[13:53] {Threei} :)
[13:53] {dino} iclr hmmm
[13:57] {laserdave1} nice call WM Vad
[13:57] {laserdave1} I like yes
[13:57] {Threei} :)
[13:58] {laserdave1} keep goinggggggggggg
[13:59] {laserdave1} had to take profits
[13:59] {laserdave1} needed that one
[13:59] {laserdave1} ty
[13:59] {Threei} welcome
[13:59] {laserdave1} it was awesome for a 5$ stock
[13:59] {jmb} thanks Vad
[13:59] {Threei} jmb :)
[14:01] {laserdave1} market might roll
[14:01] {laserdave1} wow
[14:01] {laserdave1} so tight
[14:01] {Threei} in LEH, .25 stop
[14:02] {dino} sm l iclr .00
[14:03] {Threei} half out .53
[14:03] {Threei} +.18
[14:03] {Threei} stop .29
[14:05] {magoo} vad..ironic...revshark on realmoney says "slow summer action"
[14:05] {magoo} he he
[14:06] {Threei} we must be on different planets
[14:06] {Chaeron} TokyoJoe says..... heheheh
[14:07] {laserdave1} if .75 lets go
[14:07] {laserdave1} iwill short em at .74
[14:07] {magoo} i know..u saying never seen it this hectic
[14:07] {magoo} wha thew
[14:07] {laserdave1} haha gone as im typing
[14:07] {laserdave1} now back
[14:08] {laserdave1} ok im short
[14:08] {laserdave1} stop .80 for me
[14:10] {magoo} mit grupen un fuerer
[14:10] {laserdave1} any call on market Vad?
[14:11] {laserdave1} what a tight range
[14:11] {Threei} feeling is,
[14:11] {Threei} ramp up
[14:11] {Threei} violent
[14:12] {laserdave1} ok thanks
[14:12] {kazaam} violent sounds good
[14:12] {cosmo} not just one of those lazy summer afternoons?
[14:12] {Threei} nope
[14:12] {cosmo} on a fri?
[14:12] {Threei} nope
[14:13] {Threei} a few shakes, then explosive move up
[14:13] {cosmo} hmm...full moon got ya?
[14:13] {Chaeron} choice?
[14:14] {Threei} LEH
[14:14] {laserdave1} out wm
[14:14] {Chaeron} shoot I miss?
[14:15] {laserdave1} wm i stoppe dout of short
[14:15] {Threei} shakeouts are not over yet probably
[14:15] {laserdave1} market is real whippy in this range
[14:15] {magoo} u in LEH vad?
[14:16] {laserdave1} fake one way then next
[14:16] {Threei} half
[14:16] {magoo} what entry?
[14:16] {Threei} sold first half earlier and posted
[14:16] {Threei} .35
[14:16] {Threei} [14:03] {Threei} half out .53
[14:16] {Threei} [14:03] {Threei} +.18
[14:17] {magoo} ok
[14:17] {dino} risky, sm l apei .79
[14:19] {Threei} ok NQ, it's time
[14:20] {Chaeron} too late for entry LEH?
[14:20] {Threei} no
[14:20] {Threei} .33 was besutiful entry
[14:24] {Threei} come on market... while we are young
[14:26] {kazaam} yep yep, where are you steel boots?
[14:26] {kazaam} that might make it angry
[14:26] {Threei} frikin oil spikingh
[14:27] {Threei} stiopped
[14:28] {Threei} looking for better entry
[14:33] {dino} apei stopped
[14:33] {dino} spinning my wheels
[14:33] {dino} pins and needles, needles and pins......
[14:41] {Threei} really long stall
[14:41] {dino} no old honeymooners fans i see
[14:43] {Threei} need USO to lose 104 probably to give a spark to market
[14:47] {peterg} missed all the action--dr. will fix my knee for ten grand
[14:47] {peterg} lower bids, anyone?
[14:47] {Threei} I can do it for free but my tools are limited to sledgehammer
[14:48] {peterg} you have skill with sledge
[14:48] {dino} iclr stop to .47
[14:48] {dino} vad will make your good knee look like your bad one
[14:49] {peterg} then ill be knock-kneed
[14:49] {Threei} actually... I make a kneee to look like there is no knee
[14:50] {Threei} oh good
[14:50] {Threei} FEDS STERN IS WORRIED ABOUT THE PROSPECTS OF INFLATION
[14:50] {Threei} you don't say
[14:50] {cosmo} oh
[14:52] {Threei} ZION
[14:52] {Threei} DECLARES REGULAR DIVIDEND OF $0.43
[14:52] {Threei} - The dividend is payable August 20, 2008 to shareholders of record on August 6, 2008.
[14:53] {Threei} FED CAN NOT WAIT FOR THE END OF A CRISIS TO INCREASE RATES, SEES SIMILIARITES BETWEEN CREDIT CRUNCH NOW AND EARLY 90S
[14:53] {Threei} - Stern remarks that the Fed is in good position to handle downside risks to growth
[14:57] {dino} stopped iclr .50, +.50
[14:58] {magoo} markets crazy here
[15:02] {Chaeron} LEH here?
[15:03] {Threei} market recovers but LEH is still waiting for something
[15:03] {Threei} not sure
[15:06] {dino} nue sm l .75 stop lod
[15:10] {Threei} FNM .75 worth a try long
[15:12] {Threei} anyone got it or too fast?
[15:12] {magoo} missed but beauty vad
[15:12] {Threei} ticked as I typed
[15:12] {Threei} missed LEH
[15:12] {Threei} looks like rally time finally came, but one more pullback is likely
[15:12] {dino} v stop to .40
[15:13] {dino} out +.40
[15:14] {Threei} wtg
[15:14] {peterg} out LEH at .07, + 22
[15:14] {Threei} good one peter
[15:14] {dino} gj peter
[15:14] {peterg} gotta learn to wait;
[15:15] {peterg} thks esp chaeron for suggestion
[15:16] {dino} i don't know about waiting, seems i'm giving back a lot of scalps lately, because of greed
[15:16] {peterg} I think I leave early cz of fear
[15:16] {peterg} often
[15:16] {peterg} workn on it
[15:21] {laserdave1} dcc please Peter
[15:22] {Threei} SEC CONFIRMS EXEMPTION OF MARKET MAKERS FROM 'NAKED SHORT' SALE RULE, ORDERS CAN BE PLACED WITHOUT DELAY
[15:24] {cosmo} sqnm
[15:25] {cosmo} gonna b/o
[15:25] {Threei} RIMM, sheesh
[15:25] {peterg} back off?
[15:25] {cosmo} break out
[15:25] {peterg} b/o
[15:25] {peterg} tks
[15:25] {cosmo} not so soon
[15:34] {Threei} CFTC REPORTEDLY RECLASSIFYING CERTAIN ENERGY TRADER POSITIONS
[15:35] {cosmo} to the financials?
[15:38] {cosmo} we could have a 'watt' based currency
[15:44] {hawkfan4} headed out, have a great weekend all, nice week. thx vad
[15:44] {Threei} take care hawk, wtg
[15:45] {hawkfan4} :) cya
[15:45] {Threei} FDIC'S BEAR SAYS INSURANCE FUND IS "QUITE ADEQUATE" TO HANDLE BANK FAILURES
[15:46] {Chaeron} More confincing if his name was Bull
[15:46] {cosmo} and his last name?
[15:46] {Chaeron} :)
[15:47] {Threei} yeah... what kind of name is it to give siundbites to a market
[15:49] {kazaam} have a good weekend yall
[15:49] {kazaam} cya
[15:49] {Threei} take care kaz
[15:49] {magoo} c u kaz
[15:50] {Threei} quite nice ramp up into closee
[15:51] {magoo} u called it...thats why sometimes i ask u what u feeling?
[15:51] {Threei} look FNM
[15:52] {laserdave1} just shorted WM
[15:52] {laserdave1} stop at 6.01
[15:54] {peterg} short RIMM at .78
[15:56] {peterg} out .55 +23
[15:56] {Threei} nice scalping footwork
[15:57] {peterg} shudda stayed longer but didn't want to spend weekend with RIMM
[15:58] {dino} gj
[15:58] {peterg} tks; how close to bell can you sell?
[15:59] {Threei} slow summer action eh?
[15:59] {magoo} vad, remember to enjoy next week..i rarely take off
[15:59] {Threei} only if you are watching BXMNF I suppose
[15:59] {Threei} you are off next week?
[15:59] {magoo} yes, whole week
[16:00] {Threei} have fun
[16:00] {dino} slacker
[16:00] {Threei} we will be here when you are back
[16:00] {Threei} wait don't leave yet
06[16:00] * Threei slaps magoo around a bit with a large trout
[16:00] {Threei} now you can leave
[16:00] {Threei} thank you all, have a great weekend
[16:00] {Threei} see you on Monday
[16:01] {peterg} thanks group! See you Monday
[16:01] {magoo} TY boss
[16:01] {magoo} ty all
[16:01] {peterg} bye Mags have fun
[16:01] {magoo} trade well without magoo:)
[16:01] {peterg} it wont be the same
[16:01] {magoo} chaer, taking son to mx camp whole week
[16:02] {Chaeron} whos???
[16:02] {magoo} tony d
[16:02] {dptl} have a good weekend all:)
[16:02] {Chaeron} Great!! DiStefano!
[16:04] {Chaeron} take pics man...
[16:05] {Chaeron} bring me home some pointers too
[16:06] {judijim} be back Monday, bye for today
[16:07] {magoo} by jj.. u got it chaer
[16:08] {Chaeron} have fun Magoo

Jul 17 2008

Session Time: Thu Jul 17 00:00:00 2008

[08:28] {cosmo} EBAY misses...
[08:30] {Threei} NITIAL JOBLESS CLAIMS:: 366K V 380KE
[08:30] {Threei} CONTINUING CLAIMS: 3.166M V 3.180ME
[08:30] {Threei} JUN HOUSING STARTS: 1.07M V 960KE; BUILDING PERMITS: 1.09M V 965KE
[08:34] {cosmo} EBAY: eBay's Q2 was in line with expectations, but Q3 guidance is weak, and will disappoint; shares are down 6% after hours. Sales increased 20% year-over-year, and net income jumped 22%, aided by share buybacks.
[08:35] {cosmo} off 11% now
[08:35] {Threei} you'd think in wseakening economy Ebay should benefit
[08:36] {cosmo} hmmm
[08:36] {Threei} The Financial Times noted overnight that some government funds have cut their USD exposure.
[08:36] {Threei} that's interesting
[08:37] {Threei} if they cut it someone's increased it, right?
[08:40] {cosmo} ...or will increase at some point
[08:40] {cosmo} tipping point...
[08:41] {Threei} if something is sold... someone bought it
[08:42] {cosmo} sigh...this is deep
[08:43] {Threei} yes for the morning - but I come up with this stuff in the evening and write it down
[08:43] {cosmo} does it wake you at 3 AM?
[08:43] {Threei} nothing can
[08:44] {cosmo} ah...good
[09:00] {fernp} Good Morning
[09:00] {Threei} fern :)
[09:03] {magoo} njfhyjrhjynmghfjyfh
[09:03] {Threei} mgkdjotiercnks?
[09:05] {magoo} sheesh, jobless claims lower, housing starts higher, all good again lol
[09:05] {Threei} yup... what crisis?
[09:05] {Threei} of course I have no doubt that at some point in the day world is going to end
[09:05] {Threei} umm... correction: worlkd is going to start ending
[09:09] {hawkfan4} good morning
[09:09] {Threei} hawk :)
[09:12] {cosmo} VCLK
[09:14] {cosmo} # ValueClick cuts forecasts due to weak economyAP(Thu 9:07am)
[09:18] {judijim} good morning everyone
[09:21] {Threei} jj :)
[09:26] {dino} gm all
[09:28] {Threei} dino :)
[09:28] {peterg} gm all
[09:28] {Threei} peter :)
[09:29] {pita} gm all
[09:29] {Threei} pita :)
[09:29] {magoo} jj, pita, peter:)
[09:29] {Threei} looking at the last lines, I feel like a doorman {G}
[09:30] {peterg} and a good one, too hi mags
[09:30] {Threei} lol
[09:31] {Threei} huge spike ZION
[09:31] {dino} nue looks pretty good, crusjing it tho
[09:32] {Threei} UAUA 4.65 long if stays above 4.50
[09:33] {dino} earnings after close zion
[09:33] {Threei} all banks are rocking
[09:34] {Threei} looking for pullback LEH
[09:34] {Threei} probably JPM can help with timing
[09:35] {Threei} FRE
[09:35] {Threei} FOLLOW UP: CENTRAL BANKS PURCHASED 57% OF NEW $3B 2-YEAR ISSUE
[09:36] {Threei} no pullback
[09:36] {dino} shoo
[09:36] {Threei} LEH .50 break risky long
[09:36] {Threei} half lot
[09:36] {dino} damn, can't borrow
[09:36] {Threei} if stays above .30
[09:37] {Threei} ok JPM pulling back finally
[09:37] {dino} zion too, unavail
[09:37] {dino} squeezes?
[09:37] {Threei} not LEH though
[09:37] {magoo} in
[09:37] {Threei} over 1:1
[09:37] {Threei} and aiing for 19
[09:37] {Threei} aiming
[09:37] {magoo} out .89 TY
[09:38] {Threei} out .96
[09:38] {Threei} welcome sir
[09:38] {magoo} aapl 175 coming RISKI in
[09:39] {Threei} if we get lucky to have pullback closer to 18.50 LEH, entry level
[09:39] {magoo} ok
[09:42] {magoo} here comes aapl
[09:43] {Threei} here comes everything
[09:44] {Threei} FRE 8.60 long
[09:44] {Threei} .45 stop
[09:45] {Threei} 1:1 easy
[09:45] {Threei} half out .84
[09:45] {Threei} scalpers take profit
[09:46] {Threei} out in full 9.05
[09:47] {magoo} out .07 full TY
[09:47] {Threei} LEH aiming for 20 probably
[09:47] {Threei} not buying here though
[09:48] {Threei} USO spike may become a brake for now
[09:48] {peterg} out FRE at 9.05, tks
[09:48] {Threei} peter :)
[09:48] {peterg} still smokin
[09:48] {Threei} LEH over 20, lol
[09:49] {Threei} mama mia FRE
[09:49] {Threei} and FNM
[09:49] {Threei} here comes LEH drop
[09:49] {Threei} and what a drop it is
[09:50] {Threei} sheesh... there was a pause long enough to short FRE
[09:50] {Threei} why did I hesitate
[09:51] {peterg} because of Cox
[09:51] {Threei} bounce soon
[09:51] {peterg} no shorts on his ffiends
[09:51] {peterg} soon
[09:51] {Threei} available here
[09:52] {peterg} you mean only in U.S.?
[09:52] {Threei} it's broker-to broker specific
[09:53] {Threei} LEH, entry is coming
[09:53] {Threei} as close to 18 as possible
[09:53] {Threei} and keep it small
[09:53] {magoo} in .33
[09:54] {peterg} .39
[09:54] {Threei} .35
[09:54] {Threei} we covered whole range
[09:54] {Threei} out .73
[09:54] {magoo} out .79 lol
06[09:55] * Threei slaps magoo around a bit with a large trout
[09:55] {magoo} ty boss
[09:55] {peterg} out .76 tks
[09:55] {Threei} OK, let's take a small breather... what the heck was that? :)
[09:56] {Threei} gosh, I missed this kind of days
[09:56] {peterg} a tremor in the force
[09:56] {Threei} what a beautiful momo
[09:56] {magoo} mktsstill jittery vad
[09:56] {peterg} momo?
[09:56] {Threei} let's take a pause, market will be defining it's next move now
[09:56] {peterg} mama?
[09:57] {Threei} momo - traders speak for momentum
[09:57] {peterg} roger that
[09:57] {peterg} ok, off for hour.
[09:57] {peterg} have fun
[09:58] {Threei} :)
[09:58] {brian3579} first profitable week thank you vad
[09:58] {Threei} love to hear that brian
[09:59] {Threei} notice,
[09:59] {Threei} you start profitng at times when the world is hurting
[09:59] {brian3579} small but its a start
[09:59] {Threei} this is very significant
[09:59] {Threei} it means you are not a part of crowd anymore
[10:00] {Threei} you move to the smart money side
[10:00] {brian3579} your books and help and hard work mad the difference
[10:00] {brian3579} made
[10:00] {Threei} JULY PHILADELPHIA FED: -16.3 V -15E
[10:01] {Threei} difference is made by you... I provided the necessary resources but nothing works by itself
[10:01] {Threei} - Prices Paid: 75.6 v 69.3 prior (highest reading since 1980)
[10:02] {Threei} - Employment: -7.3 v -6.9 prior
[10:02] {dino} uso, oih rally
[10:02] {Threei} yeah... USO needs to come down again to provide fuel for market
[10:02] {Threei} as long as USO remains strong, it's a drag
[10:05] {Threei} I'd say, we picked exactly right moment to get on sideline
[10:06] {Threei} very tempted by LEH off 18
[10:06] {Threei} want to see market start recovering though
[10:06] {dino} dwsn sm wide l .00
[10:07] {magoo} pretty nasty selloff there
[10:07] {Threei} if I miss it, I always have dave to slap
06[10:07] * magoo slaps laserdave1 around a bit with a large trout
[10:07] {Threei} market is still selling
[10:08] {Threei} whoa USO
[10:08] {dino} oih +6
[10:16] {laserdave1} nice move down
[10:16] {laserdave1} wow
[10:16] {laserdave1} that was crazy
[10:17] {magoo} 100 sh long CME .19 VERY RISKY
[10:17] {Threei} anyone took LEH off 14?
[10:17] {magoo} was watching
[10:17] {magoo} missed
[10:17] {Threei} perfect hit on a support level just when market started rebounding
[10:18] {Threei} the only problem was,
[10:18] {Threei} it jumped off support so rapidly
[10:18] {Threei} you had to just take it on a blind faith that it would hold
[10:29] {dino} sglp
[10:31] {Threei} MF LIFTS GLOBAL GROWTH FORECAST TO 4.1% ROM 3.7% PRIOR
[10:31] {Threei} IMF
[10:31] {magoo} stopped CME -200 bux
[10:31] {magoo} this is discouraging action here
[10:32] {Threei} LEH becomes interesting again
[10:33] {magoo} in leh here .51
[10:34] {Threei} .48
[10:34] {Threei} beat ya this time
[10:34] {magoo} grrrr
[10:34] {Threei} out
[10:34] {Threei} .71
[10:35] {GeoArb} thanks all done for day....vad you can see my take on your setup in TXT
[10:36] {dino} sglp sm l .50
[10:36] {Threei} DBI?
[10:36] {GeoArb} with 1.5 times vol and below yesterday low
[10:36] {Threei} beauty
[10:36] {GeoArb} my spin
[10:37] {peterg} out LEH .85, +18
[10:37] {Threei} send me your configuration please
[10:37] {GeoArb} will email
[10:37] {Threei} ty
[10:37] {Threei} + .18 peter?
[10:37] {Threei} sounds like you chased it quite high
[10:37] {GeoArb} the first 15 mins i discard as garbage
[10:37] {peterg} this setup is too slow
[10:38] {peterg} my "free" software from fidelity
[10:38] {Threei} OK, this is pure danger
[10:38] {Threei} you will pay dearly for that free setup
[10:38] {peterg} too clunky to use, executions are good and timely, but the fooling around to set up the order is tedious and studpid
[10:39] {Threei} ask dave for demo
[10:39] {Threei} you'll be amazed by7 the difference
[10:40] {peterg} Dave Pelosi?
06[10:40] * Threei slaps laserdave1 around a bit with a large trout
[10:40] {Threei} this dave
[10:40] {peterg} Our dave
[10:40] {peterg} Hey dave, can I have a demo?
[10:40] {laserdave1} that can be arranged
[10:40] {laserdave1} i will dcc you
[10:41] {peterg} tks
[10:41] {laserdave1} np
[10:44] {magoo} naz red
[10:44] {Threei} [09:05] {Threei} of course I have no doubt that at some point in the day world is going to end
[10:44] {Threei} [09:05] {Threei} umm... correction: worlkd is going to start ending
[10:45] {magoo} u need to harness this poweer u have
[10:46] {Threei} it's easy
[10:46] {Threei} start drinking around 5 am, and you are golden
[10:47] {magoo} ok..already doing that :)
[10:47] {Chaeron} Dave - dcc please?
[10:48] {Chaeron} Good morning everyone
[10:48] {Threei} if it doesn't worek, double the dose
[10:48] {Threei} chaeron :)
[10:51] {dino} spwr sm l .60
[10:59] {dino} nue sm l .25
[11:00] {pita} later all. its been an interesting morning.....
[11:00] {magoo} bye
06[11:02] * Chaeron slaps laserdave1 around a bit with a large trout
[11:04] {Threei} take care pita
[11:16] {magoo} wake up vad...bouncing it seems
[11:17] {Threei} hard to tell...
[11:23] {Threei} .70 small shares short USO
[11:23] {Threei} .90 stop
[11:24] {Threei} that was fast
[11:24] {Threei} no chance for entry? or someone got it?
[11:25] {Threei} 1:2
[11:25] {magoo} missed
[11:26] {Threei} wow... not in a short list
[11:27] {Threei} but what a call
[11:27] {dino} any news sglp, may have to try it again
[11:27] {Threei} nope
[11:27] {GeoArb} why ot short oih?
[11:27] {dino} brutal
[11:28] {Threei} yeah, OIH is available
[11:28] {GeoArb} :)
[11:28] {Threei} I am getting interested too dino
[11:28] {Threei} probably one more flush
[11:29] {Threei} there we go
[11:29] {dino} think we just had it
[11:29] {Threei} looks like
[11:30] {dino} some really messed up moves this a.m.
[11:30] {peterg} what, now trend up?
[11:30] {dino} y
[11:30] {Threei} really can't tell peter
[11:31] {Threei} on market overall
[11:31] {dino} damn 2 bucks
[11:31] {peterg} Fidelity cant get me LEH for shorting unless I beg
[11:31] {peterg} not intending to
[11:32] {peterg} short or beg at moment
[11:32] {GeoArb} you trade at fidelity?
[11:32] {peterg} still, on their active trader pro platform
[11:32] {Threei} peter lives on the edge
[11:32] {peterg} streaming realtime etc level two
[11:33] {peterg} looking into alternatives.
[11:33] {GeoArb} i am sure vad can set him up
[11:33] {peterg} But so cheap as to be problematic
[11:33] {peterg} working on it geo
[11:33] {Threei} maybe second chance dino
[11:33] {GeoArb} laser dave DCC
[11:33] {GeoArb} pls
[11:34] {dino} waiting 13.40
[11:34] {Threei} too .83, out 15.45
[11:34] {Threei} took
[11:34] {Threei} .44 and .45
[11:36] {dino} 15?
[11:36] {Threei} 14.83 in, 15.44 out
[11:37] {dino} ok
[11:37] {Threei} new low is likely now
[11:37] {laserdave1} attention all laser users
[11:37] {laserdave1} ***********
[11:37] {Threei} uh oh
[11:37] {magoo} oh oh
[11:38] {laserdave1} they might have to shut down laser for 3 minutes
[11:38] {magoo} crap
[11:38] {laserdave1} just giving you a heads up
[11:38] {magoo} i got 3 positions
[11:38] {Threei} we are to be electrocuted if we make profit
[11:38] {magoo} when??
[11:39] {laserdave1} trying \to find more info now
[11:39] {magoo} ok
[11:40] {GeoArb} no dcc laserdave?
[11:40] {GeoArb} sniff sniff
[11:40] {Threei} 11:40:26 ADMIN7 --} (All): System shutting down for EMERGENCY maintenance for 2-3 mins!!!
[11:40] {magoo} CRAPPPPPPPPP
[11:41] {Threei} 11:40:43 ADMIN7 --} (All): This will happen in 5 mins!!!
[11:41] {laserdave1} 5 minutes and then we go down
[11:41] {laserdave1} we go down for 2 to 3 minutes
[11:41] {laserdave1} be prepared
[11:41] {Threei} will reconnect itself or we have to shut down and log in again?
[11:42] {laserdave1} i think u will have to log in again
[11:42] {Threei} 11:45 is shutdown time
[11:42] {dino} out spwr .91, +1.30
[11:43] {Threei} btw... first time in a looong while gas price came down yesterday
[11:43] {magoo} OK OUT
[11:44] {patience} also been a long long time since laser was down during prime trading hours
[11:45] {laserdave1} so rare for something like this
06[11:45] * magoo slaps patience around a bit with a large trout
[11:45] {patience} good morning magoo :)
[11:45] {magoo} we be down
[11:46] {Chaeron} it's my fault :)
[11:46] {Threei} quotes are still up, executor is out
[11:46] {patience} i'm in a trade shorting crude oil, vad please whack it and make it drop further
[11:46] {Threei} no executions... criminals run free
[11:46] {peterg} my fault; I expressed interest in laser
[11:46] {Threei} whacking as we speak
[11:46] {Threei} rofl peter
[11:46] {patience} ty
[11:47] {Threei} USO will lose 108 in a jiffy
[11:47] {patience} much obliged
[11:47] {GeoArb} laser is probably one of the most stabe out there
[11:47] {GeoArb} and i have shopped around
[11:47] {patience} i'm having a hard time remembering when it was actually unavailable
[11:47] {Threei} once when they had big flood in NY I remember
[11:47] {Chaeron} stable for years here and best execution period
[11:47] {Threei} and they had to switch to alternative energy supply
06[11:48] * magoo slaps peterg around a bit with a large trout
[11:48] {Chaeron} hamsters on wheels?
[11:48] {peterg} sorry
[11:48] {Threei} yes chaeron
[11:48] {Threei} those were well fed hamsters
[11:48] {laserdave1} log in everyone
[11:48] {Threei} run like crazy
[11:48] {laserdave1} i think were good now
[11:48] {laserdave1} im in
[11:48] {magoo} ROFLOL peterg
[11:49] {laserdave1} everyone should be able to get in now
[11:49] {peterg} can I make it up to you?
[11:49] {magoo} dam, forgot my password
[11:49] {laserdave1} if you cannot dcc me asap
[11:49] {GeoArb} lol
[11:49] {Threei} lol
[11:49] {dptl} ebay 24 break?
[11:49] {Threei} I am in dave
06[11:49] * laserdave1 slaps magoo around a bit with a large trout
[11:49] {Chaeron} I'm in
[11:49] {Chaeron} THANKS DAVE!
[11:50] {Threei} worth a try dp
[11:50] {laserdave1} see Wayne
[11:50] {magoo} IN
[11:50] {laserdave1} i get them to shut down entire system just for you :)
[11:50] {dptl} ok ty stop at .89?
[11:50] {Threei} hmmm
[11:50] {Threei} preferential treatment eh?
[11:50] {Threei} yes dp
[11:50] {magoo} u pretty powerful guy dave :)
[11:51] {GeoArb} and he is a good armwrestler too
[11:54] {dptl} out ebay +.10
[11:55] {Threei} stinkin' scalper
[11:55] {dptl} :)
[11:55] {dino} lol, gj
[11:55] {Threei} :)
[11:56] {Threei} wow
[11:56] {Threei} careful
[11:56] {Threei} something just happened
[11:56] {dptl} where?
[11:57] {Threei} don't know... scary downtick market
[11:57] {Threei} maybe just a fluke
[11:57] {Threei} but looks potentially nasty
[11:57] {peterg} lotsa red
[11:57] {Threei} interesting piece of news:
[11:57] {Threei} UBS
[11:57] {Threei} EXITING THE BUSINESS OF PROVIDING OFFSHORE BANKING OR SECURITIES SERVICES TO US RESIDENTS
[11:57] {Threei} - Swiss-based advisiors will not be allowed to travel to the US to meet with clientes
[11:57] {Threei} - Annoucement comes as company officers testify before a Senate panel looking into tax evasion.
[11:57] {magoo} dave accidently unplugged entire market system vad {dave "OOPS"}
[11:57] {Threei} 108 USO
[11:58] {Threei} ahhh
[11:58] {Threei} stop drinking and tripping over market plug dave
[11:58] {patience} trading today is too much like work, make money, give it back, repeat
[11:59] {Threei} keeping mine
[11:59] {peterg} that was my yesterday; today better
[11:59] {Threei} not giving back a single cent
[11:59] {Threei} I like my cents
[11:59] {Threei} anyone remembers MCEL?
[11:59] {Threei} BOARD APPROVES PLAN TO LIQUIDATE
[12:00] {Chaeron} who? or is it whom? Raven would know that one...
[12:00] {Threei} BOARD APPROVES PLAN TO LIQUIDATE
[12:01] {Threei} reads like:
[12:01] {Threei} mafia bosses approved the hit
[12:01] {Chaeron} yeah.... where was that one when heyday?
[12:01] {Chaeron} 0.02 now
[12:02] {Threei} I remember 3
[12:02] {Threei} one of those small stocks that would aslways get some news and run on it
[12:03] {Threei} we need USO to lose 107 to get more downside momentum
[12:04] {patience} you know what to do vad
[12:04] {Threei} whack?
[12:05] {patience} that would be it
[12:05] {Threei} that's actually the only thing I know
[12:05] {Threei} btw, you've got a sledgehammer?
[12:05] {patience} i have two of them actually
[12:05] {Threei} cool, I'll ask to borrow :)
[12:06] {patience} little one when finesse is called for, big one for just destroy it
[12:06] {peterg} I have a ten-pound one, a bit too heavy, but I used it to defragment the hard drive of a laptop
[12:06] {Threei} I provide a lot of finesse with big one
[12:07] {Threei} trust me, that's one fine whacking
[12:07] {patience} wrong way vad, oil and gold are going up
[12:08] {GeoArb} whats the symbol for gold?
[12:08] {laserdave1} gld
[12:08] {peterg} au?
[12:08] {peterg} periodic table
[12:08] {GeoArb} i was wondering if anyone used the future
[12:08] {Threei} lol
[12:09] {Chaeron} no Geo... I just live in the past
[12:09] {GeoArb} ahhhh
[12:09] {GeoArb} just not my day :)
[12:12] {dptl} Vad,hows omx at .53 break with .39 stop?
[12:13] {Threei} chart is right but not for full lot
[12:13] {dptl} ok ty
[12:13] {Threei} it's not very thin on Level2,
[12:13] {Threei} yet does some quite pronounced moves
[12:14] {laserdave1} peter dcc when u get time please
[12:26] {Threei} hate to do it but...
[12:26] {Threei} 108.50 break long USO
[12:26] {Threei} .30 support
[12:31] {Threei} over 1:1
[12:31] {Threei} over 1:2
[12:32] {jmb} Thanks Vad
[12:32] {Threei} welcome
[12:32] {hawkfan4} nice one, thx
[12:32] {Threei} :)
[12:32] {Threei} unpatriotic...
[12:41] {dino} wow we missed sglp, i was sitting at 14.15 when it hit 14.50
[12:52] {Threei} yessss
[12:52] {Threei} love to see USO action
[12:52] {Threei} lose 107 you lousy oily smelly bastard, fall down and break to pieces
[12:52] {Threei} your OMX works dp
[12:54] {magoo} back...we in anything??
[12:54] {Threei} no but looking for FRE pullback to 8.10 area for long
[12:54] {Threei} and FNM to 10.65 area
[12:54] {dptl} yep +.10 and also grabbed ald for +.10...........stinking scalper:)
[12:55] {Threei} thank you dp
[12:55] {Threei} by admitting it you don't make me say that :)
[12:55] {dptl} :)
[12:58] {dino} cwei
[13:05] {judijim} rough day for us, up $500 for the day, have a great day all traders be back tomorrow
[13:05] {magoo} sing along here....i have a structured settlement....but i need cash nowwwww...call j g whentworth 877-cashnow
[13:05] {magoo} yeah thats rough uop $500
[13:05] {magoo} chime in vad
[13:06] {Threei} I can't
[13:06] {Threei} I chocked
[13:06] {GeoArb} chocked
[13:06] {GeoArb} he is chock full of sympathy
[13:06] {Threei} lol
[13:06] {magoo} im only up 750 and thought t was real good day lol
[13:06] {Threei} some are sooo spoiled
[13:07] {Threei} well USO... it's time
[13:07] {GeoArb} comeone magoo you gota beat my score
[13:07] {magoo} what on USO?
[13:07] {GeoArb} youre the "senpai" here
[13:07] {magoo} OY..where u at?
[13:07] {Threei} die you oil-covered environemtally-unfriendly economy0killing jerk
[13:07] {GeoArb} 1095.95 net
[13:08] {GeoArb} good round nuber so closed
[13:08] {magoo} whats smenpoo?
[13:08] {GeoArb} is senior classmate mentor in japanese
[13:08] {Threei} anyone got FRE
[13:08] {Threei} ?
[13:08] {Threei} pulled back right to .10
[13:08] {GeoArb} http://en.wikipedia.org/wiki/Senpai
[13:09] {Threei} precision to the cent
[13:09] {Threei} FNM to .66, precision to the cent
[13:10] {GeoArb} vads the sensei
[13:10] {GeoArb} money makes me all kung fooish :)
[13:13] {GeoArb} what not even a trout for foreign gobblygook
[13:13] {GeoArb} man whats one gota do to earn one
[13:14] {Threei} lol
[13:14] {GeoArb} hey chaeron do you like dimsum?
[13:15] {Chaeron} love it
[13:15] {GeoArb} i want to www.dintaifungusa.com yesterday..... and i am in love..... a bit of a drive for you
[13:15] {GeoArb} NEVER had it better
[13:15] {Chaeron} for a sec there I thought you were talking about my diminished brain capacity
[13:15] {GeoArb} heheheheh
[13:15] {Threei} rofl
[13:15] {GeoArb} nah that would ne
[13:16] {GeoArb} "chaeron you like dimsum"
[13:16] {GeoArb} instead of do you
[13:16] {GeoArb} amazing food
[13:19] {Threei} aggressive FRE entry here
[13:19] {Threei} stop under .30
[13:19] {Threei} .50 break is regular entry
[13:25] {patience} ok, back to making consistant money on my trades, but also consistantly leaving money on theh table
[13:25] {patience} what to do vad
[13:26] {Threei} IMO... continue leaving money on the table...
[13:26] {Threei} that's the key to consistency :)
[13:27] {Threei} who was it who said "I made my fortunes by selling too soon"
[13:27] {patience} hmmm...just trying to figure out the pattern for trading right now and can't
[13:31] {dptl} ald?
[13:34] {Threei} hard to tell... too slow
[13:34] {dptl} got .21 stop under .10
[13:36] {dptl} and out +.10 again
[13:37] {Threei} say it
[13:38] {dptl} stinking scalper ,,,,hehe i know:)
[13:38] {GeoArb} i love jellybeans?
[13:39] {magoo} if i may ask dp..how many shares u scalpin for dimes?
[13:41] {dptl} not much these days...been really beatten up last month so no more then 400 for now till get back on my feet
[13:42] {dptl} need some consistancy again
[13:42] {magoo} thats good...me only 3-500 shares
[13:42] {magoo} used to go 1k 2k
[13:42] {magoo} doing better smaller
[13:42] {dino} v sm l .80\
[13:43] {dptl} if i am up for the day i do even smoller to stay up
[13:43] {GeoArb} i fine i do better if instead of all in scale out........ i do scale in scale out
[13:44] {brian3579} hd
[13:44] {brian3579} sorry
[13:45] {brian3579} computer going crazy
[13:47] {dino} aglt
[13:48] {dptl} will that cats break?
[13:49] {dino} ?
[13:50] {dino} buyout
[13:54] {patience} anybody know a utilities etf to trade?
[13:56] {Threei} JXI
[13:57] {Threei} Global Utilities Sector Index Fund
[13:57] {patience} you are GOOD
[13:57] {patience} ty
[13:57] {Threei} :)
[13:57] {patience} ok, just to test you
[13:57] {patience} how about a bear utilities etf
[13:57] {GeoArb} no XLU?
[13:58] {Threei} Utilities Select Sector SPDR (XLU)
[13:58] {patience} ty geo, haven't done a spdr for awhile...i suppose i can short them
[13:58] {GeoArb} www.smartmoney.com
[13:59] {GeoArb} has very good etf map
[13:59] {dino} uth
[13:59] {Threei} here are all of them:
[13:59] {Threei} http://seekingalpha.com/article/30084-utilities-etfs
[14:00] {patience} thanks...apparently utilities broke down yesterday and i'm looking for momo :)
[14:00] {Threei} and this will give you any ETF one can think of:
[14:00] {Threei} http://seekingalpha.com/page/etf-finder
[14:01] {patience} ty, quite the listing
[14:01] {GeoArb} excellent heat map here http://www.smartmoney.com/etf/maps/
[14:01] {GeoArb} for macro view
[14:02] {patience} i'm trying to keep to trading on the canadian side, unless I know CDN dollar is going up, doing the arbitrage thing
[14:03] {patience} ty Geo, now I need a drink to work through this one
[14:03] {dino} nue stop to .80
[14:03] {laserdave1} aapl getting funny here
[14:03] {dino} out +.55
[14:04] {laserdave1} carefull if long aapl
[14:04] {Threei} haha funny or uhoh funny?
[14:05] {laserdave1} funny like a clown funny
[14:06] {laserdave1} markets saved it
[14:07] {laserdave1} its still really weak
[14:07] {laserdave1} relative to markets
[14:08] {dino} biod
[14:09] {dino} speaking of funny, thats why cannibals don't like clowns
[14:09] {dino} they tast funny
[14:09] {Threei} hmmm
[14:10] {Threei} I'll take your word for it..in exchange for secret explanation
[14:10] {dino} clowns taste funny
[14:10] {laserdave1} alll i want from u aapl is 2 points
[14:10] {laserdave1} now get down
[14:10] {Threei} hey, I wanted secret...
[14:10] {laserdave1} i never had clown before
[14:11] {dptl} lol
[14:11] {magoo} short aapl u thinking?
[14:11] {Threei} if you don't like clowns, you simply don't cook them right
[14:11] {laserdave1} ummm
[14:11] {laserdave1} no comment
[14:12] {dino} i suspect you may be a clown
[14:12] {laserdave1} out aapl
[14:12] {laserdave1} will reenter if setup comes back
[14:13] {GeoArb} i am short skf very small
[14:13] {GeoArb} volatile creature
[14:17] {dino} gutsy
[14:17] {laserdave1} reshorted aapl
[14:17] {laserdave1} that skf is nuts
[14:17] {GeoArb} i love it
[14:17] {laserdave1} skf?
[14:17] {laserdave1} wow
[14:17] {dino} things down 70 pts from yesterday
[14:20] {Threei} USO is threatening to go under 105
[14:22] {Threei} 105 be lost
[14:23] {Threei} {105} yes sir
[14:23] {magoo} u in?
[14:23] {GeoArb} hey laser dave can you short skf?
[14:23] {Threei} in what?
[14:23] {GeoArb} in laser
[14:23] {magoo} sh USO
[14:23] {Threei} it's unavailable
[14:24] {GeoArb} yeah..... i had to call in so was wondering
[14:25] {dino} v sm l skf .25
[14:25] {laserdave1} no sorry
[14:25] {laserdave1} must be heavy demand
[14:26] {GeoArb} yeah i called up and begged saying i only need 500 and only for the day
[14:26] {GeoArb} i guess i am a naked illegal
[14:26] {Threei} my eyes
[14:26] {GeoArb} lol
[14:27] {laserdave1} geo dcc please
[14:28] {dino} stopped -100
[14:30] {magoo} vad, what u think?230 smakdown or run?
[14:31] {dino} rinsed
[14:31] {Threei} 230?
[14:32] {laserdave1} if i had to guess i say we rollover
[14:32] {laserdave1} but this market amazes me
[14:32] {laserdave1} so stops always in place
[14:35] {magoo} 2:30 pm vad
[14:35] {dino} good guess
[14:36] {Threei} watching FRE for bounce
[14:36] {laserdave1} thats a good aapl
[14:37] {laserdave1} got whipsawed on it and stopped 3 times
[14:37] {laserdave1} this one is good
[14:38] {laserdave1} i covered half
[14:38] {laserdave1} near low of day
[14:40] {magoo} disappointed in u dave now
[14:40] {magoo} u werre supposed to remind to not NOT do something today
[14:40] {dino} nue, wow glad i got out
[14:41] {laserdave1} hey dood
[14:41] {laserdave1} i was gooing to remind u
[14:41] {laserdave1} i was going to remind u a bit later
[14:41] {laserdave1} just in case u forget
[14:41] {laserdave1} this way fresh in your head
06[14:41] * laserdave1 slaps magoo around a bit with a large trout
[14:42] {laserdave1} bidding 171.31 on aapl in case big bar down
[14:42] {Chaeron} that's a role-reversal
[14:42] {laserdave1} sometimes even i bring out the heavy ditu artillary
[14:43] {laserdave1} duty
[14:43] {GeoArb} what laserdave no long skf? :)
[14:44] {laserdave1} dcc geo
[14:44] {dino} sglp going to hold?
[14:45] {Threei} feels so
[14:46] {laserdave1} im long sglp
[14:46] {laserdave1} gonna soak a bit more up if front of big bid 14.26
[14:46] {laserdave1} hes my oout
[14:47] {laserdave1} hidding .42 INET
[14:47] {laserdave1} not getting hit
[14:47] {laserdave1} got 100 more
[14:48] {laserdave1} there we go
[14:48] {laserdave1} got 400 now
[14:48] {dino} ok in sm
[14:49] {laserdave1} he cancelled got out half
[14:50] {laserdave1} now he comes in higher
[14:50] {laserdave1} games
[14:50] {magoo} its me its me he he
[14:50] {laserdave1} your ubss
[14:50] {laserdave1} haha
[14:50] {laserdave1} stop it then
[14:50] {dino} stop is .08 fwiw
[14:50] {laserdave1} im loong again small shares
[14:51] {laserdave1} holding 14$ as stop
[14:51] {laserdave1} he got filled this time
[14:52] {dino} stopped
[14:52] {laserdave1} out
[14:52] {laserdave1} brutal slippage
[14:52] {laserdave1} will look for better entry
[14:53] {dino} 12.35
[14:53] {dino} what the heck is w/it?
[14:54] {laserdave1} no idea
[14:54] {laserdave1} but that slippage was not fun
[14:54] {Chaeron} 13.25 or 12.35?
[14:54] {Chaeron} lol
[14:54] {dino} 12.35
[14:54] {Chaeron} answwered
[14:54] {Threei} can't think of anything but belonging to energy sector
[14:55] {Threei} which by no means explains the scale of dump
[14:55] {dino} oh oh
[14:55] {laserdave1} ok in again
[14:55] {dino} c'mon back to 15
[14:56] {laserdave1} stopped
[14:56] {laserdave1} ok im not tradeing this anymore
[14:57] {magoo} god dammit maverick..get back in thhe fight lol
[14:57] {laserdave1} haha
[14:57] {laserdave1} slippage on this one real bad
[14:57] {magoo} qqqq looks like sell fgrom hell
[14:59] {dino} oh man, i long for the old days of drop 2.50 and bounce, this8-10 point stuff is hard to play
[15:00] {patience} too many cross currents
[15:01] {Threei} can't believe it
[15:02] {magoo} yeah..i haven't traded since lunch
[15:02] {magoo} can't figure it
[15:03] {patience} gut says down but who wants to crystal ball it
[15:03] {magoo} now naz bounces./..sheesh..harder than yesterday
[15:03] {magoo} u agrrre vader?
[15:04] {Threei} can't tell
[15:04] {Threei} a lot of wierd stuff happens
[15:05] {Threei} incredible, no single word anywhere on SGLP??
[15:06] {GeoArb} looks like ill have to check
[15:06] {Threei} whatever... scalped it
[15:06] {GeoArb} lol
[15:06] {Threei} lol
[15:07] {Threei} of course no it goes back 20
[15:07] {GeoArb} come vad you shouldnt blindly nmake money
[15:07] {GeoArb} you should spend all your time on why
[15:07] {Chaeron} yeah... open your eyes when you trade
[15:07] {magoo} REALLY wheres the call??????
[15:07] {Threei} no frikin way I'd call this thing
[15:08] {dptl} hoku?
[15:08] {magoo} anyone holding 500 shares of goog into bell?
[15:12] {magoo} sigh...no sense of humor in entire room
[15:13] {GeoArb} crap
[15:13] {GeoArb} i took your call
[15:14] {magoo} ROFLOL
[15:14] {GeoArb} :)
[15:14] {dino} poor magoo
[15:14] {magoo} into bell..reports tonite..it will go 50 points up or down
[15:14] {magoo} in a blink
[15:14] {magoo} i know..ask dino from last qtr
[15:15] {magoo} ouch
[15:15] {magoo} so painful i got a personnal phone call {and lecture} from laserdave
[15:16] {GeoArb} impressive
[15:17] {Threei} US HOUSE VOTES DOWN GOVT BILL THAT WOULD RESCIND UNDRILLED LEASES FROM THE OIL COMPANIES
[15:17] {dino} not when i have to listen to it
[15:19] {dino} out v .20, +.40
[15:24] {laserdave1} hey guys
[15:25] {laserdave1} not sure whats going on but they have to restart system again
[15:25] {laserdave1} will do full enquire after close with what happend today
[15:25] {laserdave1} this is second time
[15:25] {Chaeron} aaaaaaaaaaaaaaaaaaaaaaaaaarrg
[15:25] {Chaeron} oh... ok... I'm ok
[15:26] {laserdave1} im in again
[15:26] {laserdave1} log in asap
[15:26] {magoo} i out trying
[15:26] {magoo} In
[15:26] {Chaeron} in what? SGLP?
[15:26] {magoo} those b@st@rds :)
[15:27] {magoo} in laser, was bumped out
[15:28] {laserdave1} log in again
[15:28] {laserdave1} system had to go down for a minute
[15:28] {laserdave1} if lose executor
[15:28] {laserdave1} just log out and back in
[15:29] {Threei} SGLP
[15:29] {Threei} TRADING LOWER BY 43%; MOODY'S NOTES IT HAS DOWNGRADED PRIVATELY HELD SEMGROUP LP SENIOR UNSECURED RATING TO B1 FROM CAA1
[15:29] {Threei} - its unclear if the two Semgroups are related, but both are headquartered in Tulsa, OK.
[15:33] {dino} sglp toghten to .59
[15:33] {dino} tighten
[15:34] {dino} out slip, +1.19
[15:34] {Threei} wtg
[15:34] {GeoArb} nice
[15:34] {dino} lucky
[15:34] {patience} very nice dino
[15:34] {dino} nerve racking
[15:34] {GeoArb} i am all glazed over... but trust dino to chug along
[15:35] {dino} i've been starting rough geo
[15:35] {dino} afternoon come backs you know
[15:36] {dino} atvid
[15:40] {Threei} 11.01 FNM for scalp
[15:41] {magoo} in
[15:44] {Threei} nope
[15:44] {Threei} scratch it
[15:45] {Threei} GOOG earnings... who knows what it does to market
[15:45] {laserdave1} MAGOOOOOOOOOO
[15:45] {laserdave1} i gave u the warning
[15:45] {laserdave1} :)
[15:45] {laserdave1} dcc
[15:46] {magoo} uh oh
[15:55] {Threei} REPORTEDLY THE HOUSE MAY VOTE NEXT WEEK ON FORCING RELEASE OF OIL FROM SPR
[15:55] {Threei} why?
[15:55] {Threei} is there shortage of oil?
[15:56] {cosmo} it leaks anyway
[15:56] {Threei} oh
[15:56] {cosmo} that's why they have to keep filling it...
[15:56] {Raven} 3 sigh
[15:56] {Threei} lol
[15:56] {cosmo} oops
[15:58] {Threei} interested to have a look at GOOG but not going to play anything off it
[15:59] {dptl} have a good evening all:)
[15:59] {Threei} take care dp
[15:59] {Threei} oil under 130... that makes my day
[15:59] {Threei} under 80 will make my year
[16:00] {laserdave1} get ready goog
[16:01] {Threei} Pelosi: offshore drilling is off the table
[16:01] {Threei} GOOG
[16:01] {Threei} REPORTS Q2 $4.63 V $4.74E
[16:01] {magoo} 40 ppoints
[16:01] {Threei} R $3.9B (EX-TAC) V $3.87BE
[16:03] {magoo} i said 50 points
[16:03] {magoo} no not which way was prob
[16:03] {Threei} that was fun to watch
[16:03] {Threei} ok guys, thank you all
[16:04] {Threei} have a great evening, see you tomorrow
[16:04] {Chaeron} thanks again Threei
[16:04] {magoo} bye vad
[16:04] {Chaeron} Dave, thanks for the help
[16:04] {magoo} ty
[16:04] {Chaeron} oh and magoo?
06[16:04] * Chaeron slaps magoo around a bit with a large trout

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

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

Jul 14 2008

Session Start: Mon Jul 14 01:28:51 2008


[08:03] {Threei} CNBC'S STEVE LIESMAN REPORTS THAT SOURCES AT TREASURY FEEL THAT GSES 'DO NOT HAVE A LIQUIDITY PROBLEM', DO NOT EXPECT THEM TO USE CREDIT LINES
[08:03] {Threei} - if lines are used they may be charged penalty rate{FNM}
[08:04] {Threei} SOLF
[08:04] {Threei} AWARDED 47MW SALES CONTRACT WITH SCHUCO
[08:04] {Threei} - Under the terms of the agreement, Solarfun has agreed to supply a total of 47.0 MW of PV modules to Schuco at a fixed price to be delivered according to a binding delivery schedule from December 2008 to October 2009.
[08:04] {Threei} - The PV modules are intended to be installed in major projects in south-east Europe and the Middle-East.
[08:32] {Threei} IMMU
[08:32] {Threei} ANNOUNCES WORLDWIDE LICENSE AND COLLABORATION AGREEMENT WITH NYCOMED FOR VELTUZUMAB FOR NON-CANCER INDICATIONS
[08:40] {hawkfan4} good morning Vad, all
[08:42] {cosmo} CRME pre mkt high = 11 fyi
[08:44] {cosmo} gonna test
[08:47] {Threei} good morning
[08:47] {Threei} hawk, where have you been man
[08:47] {Threei} you would have made a killing on Friday
[08:49] {Threei} FRE
[08:49] {Threei} PREVIEW: EXPECT RESULTS OF $3B 3 AND 6-MONTH BILL AUCTION AT OR AROUND 9:45AM ET
[08:49] {Threei} - the weekly auction is a modest $3B, but is likely to act as vote of confidence in the agencies if it demonstates good participation as is generally expected. Over the past two months, the money market yields on Freddie Mac reference bills have averaged roughly 25 basis points above OIS for the 90-day bills and 30 basis points for 6-month bills. Cover ratios have averaged nearly 2.90 for 3-month bills and 2.50 for 6-month bills{FNM}
[08:49] {hawkfan4} was in Florida, had my laptop but my broadband card wouldn't work there, so i actually took the whole week off. I missed a good one?
[08:50] {Threei} Friday
[08:50] {Threei} FRE and FNM were killer trades
[08:50] {Threei} readable, wide range
[08:54] {cosmo} CRME: # Cardiome Announces Positive Phase 2b Results For Oral VernakalantPR Newswire(Mon 8:25am)
[08:54] {hawkfan4} reading the logs, looks very nice
[08:54] {Threei} one of those days... could do no wrong
[08:54] {Threei} nice gap CRME
[08:55] {cosmo} 11
[09:02] {cosmo} should 10.60
[09:02] {cosmo} hold
[09:03] {cosmo} 10.50 must hold
[09:04] {peterg} Hola!
[09:04] {Threei} peter, welcome back
[09:04] {peterg} Thanks, good to be back; but life on the Continent is not so bad
[09:04] {Threei} how was the trip?
[09:04] {peterg} Mallorca, Paris, wonderful
[09:05] {Threei} :)
[09:08] {magoo} miorning
[09:08] {Threei} magoo :)
[09:11] {Threei} CEO: FNM HOLDS MORE THAN ADEQUATE CAPITAL RESERVES
[09:11] {judijim} good morning all
[09:12] {Threei} jj :)
[09:12] {dino} gm all
[09:12] {Threei} dino :)
[09:13] {dptl} good morning all
[09:13] {Threei} dp :)
[09:19] {dino} magoo said i missed a wild friday
[09:19] {Threei} yeah :(
[09:21] {Threei} 09:19am [XING] Reports FY08 Rev $531.1M (+20.3% y/y) (no est)
[09:27] {cosmo} CRME should hold 10.80 imho
[09:32] {Threei} 13.01 long FNM if stays above 12.90
[09:33] {Threei} UPDATE: LEHMAN CONSIDERING OPTIONS FOR SLOWING THE STOCK DROP INCLUDING CONSIDERING SHARE BUY BACK - WSJ
[09:33] {Threei} - WSJ reports Lehman also in talks with Korean financial firms for a possible stake sale
[09:39] {dino} yeah, good idea buy back stock when you need to raise capital, c'mon.....
[09:39] {dino} idiots
[09:39] {magoo} markets open weaker than i would expect
[09:42] {magoo} vad, rimm bouncer somewhere
[09:43] {Threei} don't know... looks still down to me
[09:44] {Threei} 110 is serious breakdown which I'd rather be shorting
[09:45] {GeoArb} true dino but i think the want to buy back stocks to force shorts to locate and short squeeze
[09:45] {magoo} ok..ty
[09:47] {dino} maybe so, but if they need capital, they should not be buying back stock, look what happened to ncc
[09:47] {Threei} FRE
[09:47] {Threei} COMPLETES $3B BILL AUCTION RESULTS; BID-TO-COVER RATIOS, 3-MONTH AND 6-MONTH
[09:47] {Threei} - Spread over Treasury v 103bps prior
[09:47] {Threei} - Deal seen at 2.34-2.35%
[09:52] {Threei} MYGN
[09:52] {Threei} small shares long .50
[09:52] {Threei} stop under .20
[09:53] {Threei} not a scalp most likely
[09:58] {Threei} stop to under .30
[09:58] {Threei} LEH, what a disaster
[09:59] {Threei} PRESIDENT BUSH PLANS TO LIFT BAN ON OFF SHORE DRILLING
[09:59] {Threei} {USO}
[10:00] {dino} good
[10:00] {Threei} what's with IMGN?
[10:01] {Threei} no go MYGN
[10:02] {Threei} was capable of scalp... really expected more of it
[10:05] {Threei} FNM, first long try on pullback to .50
[10:06] {Threei} LEH .65 long
[10:06] {Threei} if stays above .50
[10:07] {Threei} let FNM go for now
[10:08] {Threei} LEH half out
[10:08] {Threei} scalpers take profit
[10:10] {Threei} stop for the balance to under .60
[10:14] {Threei} out 1/4 more LEH +.45
[10:16] {Threei} out LEH in full + something good
[10:16] {Threei} .55 or something
[10:17] {dino} v sm, risky, l gs .50
[10:20] {dino} gj
[10:26] {Threei} SQNM half lot long .90 if styas above .75
[10:33] {Threei} VPHM .30 long if stays above .20
[10:42] {Threei} no go VPHM
[10:55] {dino} artc sm l .99, stop lod
[11:04] {Threei} RIMM short 110 break
[11:04] {Threei} stop above .20
[11:05] {Threei} invalidated
[11:09] {Threei} IBM long half lot.25 if stays above .10
[11:13] {Threei} RIMM fooled us eh?
[11:13] {Threei} ruined setup, then triggered and worked like charm
[11:13] {Threei} IBM over 1:1 for scalpers
[11:14] {hawkfan4} lots of that today, vphm worked too after a quick rinse
[11:14] {Threei} yep
[11:14] {Threei} 1:2 IBM
[11:15] {Threei} 1:3, no reason to stay in who is still holding
[11:15] {hawkfan4} out .65, thx
[11:16] {Threei} :)
[11:17] {Threei} just in time eh?
[11:17] {hawkfan4} definitely :)
[11:18] {Threei} look at SQNM
[11:18] {Threei} did same thing as RIMM
[11:19] {Threei} invalidated setup, then went big
[11:19] {Threei} MER
[11:19] {Threei} .51 long
[11:20] {Threei} .39 sop
[11:24] {dino} out artc .38, +.39
[11:24] {Threei} LEH short
[11:24] {Threei} as close to 14 as you can get, stop above 14.10
[11:25] {dino} lod's markets
[11:25] {Threei} feels like breakdown is coming
[11:26] {Threei} in
[11:27] {Threei} got .97
[11:29] {Threei} stopped
[11:50] {Threei} FRE
[11:50] {Threei} TREASURER BITSBERGER: RECENT BILL SALE WAS 'BUSINESS AS USUAL', FOREIGN DEMAND FOR BILLS 'UNRELENTING'
[11:50] {Threei} WM
[11:50] {Threei} TICKING LOWER, HEARING WEAKNESS ATTRIBUTED TO COMMENTS FROM JIM CRAMER
[11:50] {Threei} LEHMAN MAKING CAUTIOUS COMMENTS, WM COULD TAKE $4B IN PROVISIONS FOR LOAN LOSSES IN Q2 (TIMING UNCERTAIN)
[11:50] {Threei} - Lehman sees WaMu Q2 charge offs of $1.8B
[11:52] {Threei} LEH rinsed... working now
[11:53] {Threei} watching for bounce to short into
[11:54] {Threei} WM starts looking like next IMB
[11:54] {Threei} WB short
[11:54] {Threei} right here
[11:54] {Threei} stop over .50
[11:55] {Threei} NCC halted
[11:55] {Threei} another financial
[11:56] {Threei} grrr LEH
[11:56] {Chaeron} Hi all... begining of end of world?
[11:56] {Threei} yup
[11:57] {Chaeron} I suggest shortening it to EOW... no no, it's not a symbol
[11:58] {Threei} WB over half out
[11:58] {Threei} over 1:1
[11:58] {Threei} covered half .11, +.32
[11:58] {Threei} .23, sorry
[11:59] {Threei} stop to .31
[11:59] {Threei} out
[11:59] {Threei} NCC
[11:59] {Threei} SSUES STATEMENT IN RESPONSE TO MARKET RUMORS
[11:59] {Threei} - "National City is experiencing no unusual depositor or creditor activity. As of the close of Friday's business, the bank maintained more than $12B of excess short-term liquidity. Further, as a result of our recent $7 billion capital raise, National City maintains one of the highest Tier I regulatory capital ratios among large banks."
[11:59] {Threei} wow... halt for good news?
[11:59] {Threei} or at least spin
[12:00] {Threei} rare occurence these days
[12:02] {Threei} everyone's asleep? or someone's is till trading?
[12:02] {hawkfan4} here, got wb and some of leh, thx
[12:03] {patience} watching gold price, and u.s. financials....good scalping today though :)
[12:03] {Threei} WB shook out second half
[12:06] {Threei} Barney Frank on CNN
[12:07] {Threei} this is crisis of confidence, there is no solvency problem at FRE and FNM
[12:10] {Threei} 10 break worth another short try on WB if stays under 10.15
[12:11] {hawkfan4} watching it
[12:13] {Threei} tide maybe changing
[12:14] {Threei} backing away from shorting financials for the time being
[12:15] {Threei} not ready for long yet but lost conviction in short direction
[12:15] {Threei} LEH long .61 if holding above .45
[12:18] {Threei} FNM .11 long if stays above 10
[12:20] {magoo} in leh..in fnm
[12:21] {dino} v sm l rimm wide
[12:21] {dino} .70
[12:21] {Threei} this grinding out resistance so close to support looks fine to me
[12:21] {Threei} risk is small
[12:21] {Threei} and support held long enough to change the bias
[12:21] {Threei} LEH over 1:1 for scalper
[12:22] {Threei} FNM over 1:1 for scalpers
[12:25] {Threei} mama mia... just noticed FED
[12:25] {Threei} look at daily
[12:26] {Threei} what kind of mess are we in when so many of them go from 40-70 to under 5
[12:31] {dino} a big one
[12:50] {Chaeron} .
[12:51] {magoo} ..
[12:53] {Threei} all good points
[12:54] {magoo} anything to add?
[12:54] {Chaeron} +
[12:55] {Threei} FNM
[12:55] {Threei} 10 break long
[12:55] {Threei} stop under .85
[12:56] {Threei} LEH .90 long
[12:57] {Threei} yikes
[12:57] {dptl} stopped fnm
[12:57] {Threei} not sure what this drop is about, shake or another round of news somewhere
[12:58] {Threei} LEH and FRE hold, seems FNM specific
[13:06] {patience} what did MTB do?
[13:06] {Threei} bank
[13:06] {Threei} that says it all :)
[13:07] {patience} daily chart looks a little grim
[13:15] {Threei} FNM relentless selling
[13:24] {magoo} took leh
[13:24] {magoo} off 14
[13:24] {Threei} why that far from trigger?
[13:25] {magoo} it was having trouble..thoiugt 14 would get it goiung
[13:25] {Threei} SOLF
[13:25] {Threei} ADJUSTS Q1 EARNINGS TO $0.30 FROM $0.32; NO CHANGE IN 2008 BUSINESS OUTLOOK - FILING
[13:25] {Threei} - One of the Company’s polysilicon suppliers to whom it advanced $1.8 million for raw materials has failed to deliver agreed-upon quantities by the due dates.
[13:25] {Threei} - reminder: on 5/21, Reported Q1 $0.32 v $0.16e, R $171M v $142Me
[13:26] {Threei} FOX PITT SUGGESTS LEH SHOULD BE TAKEN PRIVATE AS HAS BEEN TARGETED BY THE 'FEAR TRADE'
[13:29] {dino} in the end, only gs will be standing
[13:31] {patience} i swear i hear sovereign wealth funds hovering, waiting to swoop in
[13:31] {Threei} great... we are for sale
[13:32] {dino} me too patience, and gs, and a few private funds for smaller fish
[13:33] {patience} vad, do you see a cup and handle on KGC? or is it me wishful thinking
[13:34] {Threei} there is... I just don't know how much we can rely on these things right now
[13:35] {patience} ty, it has been a decent trading day for me. I just keep looking over my left shoulder, then my right. Asking where did everybody go?}
[13:37] {Threei} I stopped even looking... I accepted as a cold hard fact that people simply don't want to talk to me
[13:38] {dino} i'm just not doing much today
[13:40] {Chaeron} I don't know if today is a charge ahead and do a lot type of day, so you appear wise to me, Dino
06[13:42] * Chaeron slaps laserdave1 around a bit with a large trout
[13:42] {dino} me wise....not! lol
[13:42] {dino} cautious, yes
[13:43] {magoo} only thing wise about dino is the bag of chips in his hand
[13:44] {dptl} mmsi?
[13:44] {Threei} US PRES BUSH CONFIRMS LIFT OF EXECUTIVE BAN ON OFFSHORE DRILLING, CONDEMNS THE 'LACK OF ACTION' BY CONGRESS ON THE ISSUE
[13:45] {Threei} thin dp... chart looks right but it doesn't take much to move it either weay
[13:45] {dptl} ok ty
[13:45] {dino} lol magoo
[13:47] {magoo} we bouincing on that vad??
[13:47] {Threei} nah
[13:48] {Threei} that's pretty much non-event in terms of today's trading
[14:01] {magoo} LAZERDCC
[14:08] {laserdave1} ok
[14:08] {Threei} took MMSI dp?
[14:09] {dptl} yep +.17
[14:09] {Threei} :)
[14:11] {Threei} barring new news items, looks like better bounce time for financials
[14:11] {Threei} Iooking for pullback to buy
[14:11] {Threei} FNM as close to 10 as possib;e
[14:13] {Threei} anywhere under .20
[14:14] {Threei} SENATE MAJORITY LEADER REID REITERATES PLANS TO PASS BILL TO CURB SPECULATION IN THE COMMODITIES MARKET
[14:14] {Threei} in FRE
[14:15] {Threei} probably missed FNM
[14:15] {magoo} u mean FNM correct?
[14:15] {Threei} ?
[14:16] {magoo} never mind
[14:16] {magoo} i gtchsa
[14:16] {Threei} FRE pulled from 7.25 to 7.07
[14:16] {kazaam} long fre? under .20?
[14:17] {Threei} no kaz, don't chase
[14:17] {Threei} under .20 was for FNM
[14:17] {Threei} FRE dropped right at that moment, was available at .08 - .10
[14:17] {Threei} close enough to 7 support
[14:25] {Threei} out FRE
[14:26] {Threei} ugh... why didn't FNM let us in
[14:28] {Threei} really hesitated to enter it around .30, hate the idea of chasing anything today
[14:28] {Threei} market is incredible fragile
[14:28] {hawkfan4} FRE nice vad, thx.
[14:28] {Threei} welcome
[14:28] {Threei} held for better exit than I did?
[14:28] {hawkfan4} no, took .31
[14:29] {Threei} wow... that was gutsy
[14:29] {hawkfan4} i mean for my exit, got .12 for entry
[14:34] {Threei} oh
[14:34] {Threei} sorry, misunderstood :)
[14:35] {Threei} than both our exits were, ummm
[14:35] {Threei} less than brilliant
[14:35] {hawkfan4} after my week off my brain hasn't quite hit it's stride, shaking off the effects of too many margaritas
[14:37] {dino} ahhh, that explains alot
[14:37] {hawkfan4} :)
[14:39] {Threei} hate it when I get a right read and don't utilize it
[14:39] {Threei} [14:11] {Threei} barring new news items, looks like better bounce time for financials
[14:40] {Threei} 30 minutes later they show respectable gowth, and all I have to show for it is 20 cents?
06[14:40] * Threei slaps Threei around a bit with a large trout
[14:42] {Threei} WM looks to me like new lows are in order
[14:47] {Threei} right on que
[14:47] {Threei} anyone shirted}
[14:47] {Threei} shorted
[14:47] {Threei} ?
[14:47] {Threei} don't cover it all IMO
[14:48] {magoo} nope
[14:48] {Threei} it's going lower
[14:49] {Threei} hard to tell where resistance is... bounces are shortable on it
[14:49] {Threei} well, clean resistance is .50 obviously... but there is not much technical in how it trades
[14:50] {Threei} WM looks to me not just one of beaten... rather as one going belly up
[14:50] {hawkfan4} 14:46 WM Washington Mutual ticks lower as Cramer on CNBC says he would hold off on buying WM, partially due to IndyMac's fold (31.17 -1.78) -Update-
[14:51] {Threei} hmmm
[14:51] {Threei} for once I agree with him
[14:51] {Threei} that's disturbing
[14:51] {Threei} given his recent history, maybe I am wrong on WM {GGG}
[14:53] {Chaeron} LASERDAVE DCC?
[14:54] {Threei} US REP MARKEY IS PROPOSING A BILL THAT WOULD MANDATE REMOVING 500K BBL/MONTH FROM THE SPR FOR SIX MONTHS
[14:54] {Threei} {USO }
[14:54] {Threei} hmm?
[14:54] {Threei} what's the point of it?
[14:54] {Chaeron} (you gotta admit, that's a cool nick to have in reallife... wonder if his friends and gf calls him that?)
[14:54] {Chaeron} smoke and mirrors, Threei
[14:55] {Threei} hehe, no doubt
[14:55] {Threei} but even in that, what would it accomplish?
[14:55] {Chaeron} add a pretty magician's assistant aned the public goes "ooooooooo..."
[14:56] {Chaeron} it's an election year?
[14:56] {Threei} some say so
[14:56] {dino} well at least gov't would make $ on it, they filled it much lower
[14:56] {Threei} how very nice for them
[14:57] {Chaeron} sure... buy low... sell much higher... and the govt is persecuting "speculators....
[14:57] {Threei} with all "start drilling, take oil from SPR"... price isn't retreating
[14:57] {Threei} what does it mean for the next oil move?
[14:58] {Threei} right... up, up and away
[14:58] {patience} cha ching in my pockets
[15:14] {Threei} sharp selling under 10 should give entry on FNM
[15:22] {dino} spike
[15:22] {magoo} NEWS vad??
[15:22] {magoo} spike
[15:23] {Threei} not tat I see
[15:25] {magoo} u see a putty tat?
[15:28] {Chaeron} i did
[15:32] {dptl} have a good evening all
[15:32] {Chaeron} bye dp
[15:32] {dino} u2 dp
[15:33] {Threei} take care dp
[15:33] {kazaam} cya dp
[15:33] {Threei} FNM .35 support, .50 level to break for another leg up
[15:35] {kazaam} whippy little guy
[15:40] {patience} out of Kinross ( (K), +.92 don't plan on being in much before Mr. Bernanke tomorrow
[15:41] {Threei} now with market drop we may get that under 10 dive... although I am not so sure it's worth a try for bounce
[15:41] {Chaeron} so short the 10 break?
[15:42] {Threei} nah
[15:42] {Chaeron} awww
[15:52] {Threei} nothing inspires me for the last scalp attempt here
[15:52] {Threei} WM will be on watch for short tomorrow
[15:52] {Threei} the rest is, well, players but who knows which way and at what levels
[15:53] {Threei} will be anothr day, another read deal
[15:54] {Threei} this is FNM drop I wanted
[15:54] {Threei} just too close to eod
[15:58] {Threei} OK guys, thank you all
[15:58] {Threei} have a good evening, let's get'em tomorrow
[15:59] {patience} Excellent day, ty vad
[15:59] {Chaeron} thank you Threei
[16:01] {dino} gj patience
[16:01] {dino} took fwlt from thurs off +1.00
[16:03] {patience} thanks dino, credit to vad for teaching me how to trade
[16:12] {dino} same here

Jul 11 2008

Session Time: Fri Jul 11 00:00:00 2008

[08:30] {Threei} UN IMPORT PRICE INDEX M/M: 2.6% V 2.0%E; Y/Y: 20.5% 18.6%E
[08:31] {Threei} APR TRADE BALANCE: -$59.8B V -$62.5BE
[08:31] {Threei} - Prior revised from -$60.9B to -$60.5B
[08:48] {brian3579} gm all
[08:48] {Threei} brian :)
[08:48] {Threei} [15:39] {Threei} who wants to own this stock overnight
[08:49] {Threei} that was about FNM
[08:49] {Threei} Raven... is this the end of the world this time?
[08:51] {Raven} 3 oh sure
[08:51] {Raven} 3 just another end
[08:51] {Threei} I am not even sure I am kidding this time... :)
[08:51] {cosmo} its the end of the week i think
[08:51] {Threei} I mean, looking at FNM/FRE situation,
[08:51] {Raven} 3 checking that
[08:52] {Raven} 3 you're right, cosmo :)
[08:52] {Threei} if they falter, which seems like real possibility more and more
[08:52] {cosmo} phew
[08:52] {Raven} 3 I know
[08:52] {Threei} we have two scenarios
[08:52] {Threei} Either-
[08:52] {Threei} 1. FRE and FNM face failure, and either whole system goes to the hell leaving financial pyramid in ruins and America without financing, killing the lifestyle for a middle class, chasing away well-off and taking poor to the streets with sticks and stones;
[08:52] {magoo} morning
[08:52] {Threei} or
[08:53] {Threei} magoo :)
[08:53] {Threei} 2. Goverment bails FRE/FNM out, leaving shareholders with zero, putting their GSEs on taxpayers shoulders, sending USD to the crapper, sskyrocketing oil and inflation, creating huge moral hazard
[08:53] {Threei} correct me if you see where I am wrong
[08:53] {Threei} I will be more than happy to stand corrected
[08:54] {Raven} 3 Govt will bail them out ... no choice
[08:54] {cosmo} then flea to costa rica?
[08:54] {Threei} it means oil in the sky, inflation turning into hyperinflation, probably downgrade of USA credit
[08:55] {cosmo} bananas for every meal....
[08:55] {Raven} 3 perhaps, but it'll all shake out after a couple of weeks
[08:56] {Threei} I wish I was that optimistic
[08:56] {Raven} 3 best to put in your earplugs and don't read the noise in the papers
[08:56] {Raven} 3 blahblahblah
[08:56] {Threei} lol, it's not papers
[08:57] {cosmo} wires
[08:57] {Threei} mass media if anything downplays the scalee of crisis
[08:57] {Threei} there is just one silver lining that I see
[08:57] {Threei} the amount of money invested in US is not easy to place somewhere else
[08:58] {Raven} 3 exactly
[08:58] {cosmo} don't touch that silver lining; you'll get a shock
[08:58] {Raven} 3 and the US consumer is a powerful force
[08:58] {Threei} thanks to credit
[08:58] {Raven} 3 not altogether
[08:58] {Threei} and confidence
[08:59] {Threei} both are under attack
[08:59] {Raven} 3 most people have absolutely no clue that there is any problem except the price of gas
[08:59] {Threei} that's our only hope
[08:59] {Raven} 3 (and some food)
[08:59] {Threei} crisis of perception would be a final nail
[09:01] {Threei} I don't have your perspective naturally... to me it feels like the worst crisis US faced
[09:01] {Threei} perfect storm
[09:03] {cosmo} ... not too wet; not too windy...
[09:03] {cosmo} i'm optomistic
[09:04] {Threei} send me some please
[09:04] {magoo} this may be the complete washout mkt players have been wanting looking for to signal bottom
[09:05] {cosmo} babies and bath water everywhere is the sign
[09:05] {dptl} good morning all
[09:05] {Threei} dp :)
[09:05] {magoo} was there new news vad on fre/fnm??
[09:05] {Threei} mags, having weekend ahead of us is a restraining factor
[09:06] {Threei} now many want to hold long into such weekend
[09:06] {magoo} new news this morn??
[09:06] {Threei} no real news, just volume increase on bailaout discussion
[09:06] {Threei} which leaves common stock at zero most likely
[09:06] {Raven} 3 big piece in WSJ about govt bailout of FNM, FRE
[09:06] {magoo} why would MA be up then??
[09:07] {Raven} 3 because your wife went on a spree magoo
[09:07] {Threei} 07/10/08 05:18pm [MA] Replacing ACE in the S&P500 and replace GM in S&P100; GM to remain in S&P500, effective after the close July 17
[09:08] {fernp} Good Morning??
[09:08] {Threei} hi fern... we will see :)
[09:08] {Threei} so far it looks like morning... "ggod" part is under question
[09:09] {Threei} I am probably last person you would expect to buy in doomsday scenarios... but this looks like absolute nightmare to me
[09:13] {fernp} U.S. weighs takeover of two mortgage giants - NY Times : The NY Times reports senior Bush administration officials are considering a plan to have the govt take over one or both of Fannie Mae (FNM) and Freddie Mac (FRE) and place them in a conservatorship if their problems worsen
[09:14] {GeoArb} long swiss francs then :)
[09:14] {fernp} your second scenario Vad
[09:15] {judijim} good morning all
[09:15] {GeoArb} yeah its going to be the second at the cost of the dollar :(
[09:17] {Threei} yes fern
[09:17] {Threei} hi jj
[09:19] {Threei} let's just hope Fed is not fully out of ammo and inventive enough to come up with third way
[09:19] {Threei} FRE under 4
[09:20] {Threei} let's be very careful, sensitivity to news is extraordinary
[09:21] {Threei} any soundbite can send a stock far from your entry price if you are unlucky enough to enter before news, on any side long or short
[09:21] {Threei} fade of extreme moves for scalp is probably the name of the game today
[09:24] {magoo} vad, i thought market wanted fed to intervene on those two?
[09:25] {Threei} intervene, yes, but to bail them out?
[09:25] {magoo} im confused lol
[09:25] {Threei} intervene by making them liquid and stay in the game is one thing
[09:25] {Threei} nationalize them is another
[09:29] {Threei} oil, mama mia
[09:31] {fernp} Crude oil jumps to another new record high; now +5.55 at 147.20
[09:31] {Threei} short FRE half lot .49
[09:31] {Threei} .65 stop
[09:31] {Threei} a bit late...
[09:31] {Threei} see if we get a bounce
[09:32] {magoo} was wondering if u filled
[09:32] {Threei} no
[09:32] {Threei} now I am
[09:32] {Threei} .47
[09:33] {Threei} out .21
[09:33] {Threei} anyone got it on bounce into .50?
[09:33] {magoo} missed
[09:33] {tomg} i got it, vad, ty
[09:34] {tomg} out
[09:34] {Threei} gj tom
[09:34] {Threei} a bit early exit but heck
[09:34] {tomg} out .22
[09:34] {Threei} FNM holding rather well
[09:36] {Threei} wow, nice bounce
[09:36] {Threei} I chickened out
[09:38] {Threei} 4.51 long FRE if stays above .30
[09:38] {Threei} half lot, needless to say
[09:40] {Threei} stopped
[09:42] {Threei} rinse
06[09:42] * Threei slaps laserdave1 around a bit with a large trout
[09:43] {laserdave1} the good morning slap
[09:43] {laserdave1} thought i would catch you off guard
[09:43] {Threei} you can always count on it
[09:43] {laserdave1} hmmm
[09:43] {laserdave1} guess not
[09:44] {Threei} anyone ventured for second chance?
[09:45] {Threei} PREVIEW: JULY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE INDEX DUE OUT AT 9:55AMET
[09:45] {Threei} **consensus expectation: 55.5e v 56.4 prior
[09:45] {Threei} *prior inflation expectations:
[09:45] {Threei} - 1 yr median inflation expectations in June at 5.1%
[09:45] {Threei} - 5 yr median inflation expectations in June at 3.4%
[09:48] {Threei} WHITE HOUSE SAYS PAULSON TO MAKE A STATEMENT ON GSES
[09:49] {Threei} looks like FNM is a guide for FRE
[09:49] {Threei} this FRE pullback is entry
[09:49] {Threei} stop under .50
[09:49] {Threei} big spike FNM
[09:50] {Threei} if you got .75 or so, feel free to take profit as you see fit
[09:52] {Threei} not sure this time
[09:53] {Threei} let's wait out michigan numbers
[09:55] {Threei} JULY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 56.6 V 55.5E
[09:56] {Threei} .70 long FNM
[09:56] {Threei} stop under .50
[10:02] {Threei} tough battle
[10:08] {Threei} LEH short around here
[10:08] {Threei} stop above .25
[10:09] {Threei} feel free to cover
[10:10] {Threei} another entry, stop above .30 this time
[10:11] {Threei} S&P ANALYST: A TAKEOVER OF THE GSES WOULD NOT BY ITSELF TRIGGER A DOWNGRADE OF US AAA RATING
[10:14] {Threei} not sure of entry this time
[10:16] {Threei} wowe
[10:16] {Threei} looks news-provoked
[10:16] {Threei} don't see any
[10:17] {Threei} OK, break your silence... anyone took any of these shorts?
[10:18] {Threei} I think I can go on weekend, no one talks to me anyway
[10:19] {patience} sorry vad, i didn't take the shorts. I'm just smiling because my gold plays are very happy :)
[10:19] {tomg} i was in fre long, got out when you called leh short. does that count? :)
[10:20] {Threei} why not... as long as someone noticing I am here at all {G}
[10:20] {tomg} glued to screen today, vad :))
[10:20] {Threei} can't blame you... rare action
[10:21] {Threei} FNM short with stop above .50 idea but want a bounce
[10:21] {Threei} somewhere above .20 desirably
[10:21] {tomg} made my daily on your first call, so now can relax a bit. interesting to watch battle
[10:21] {Threei} :)
[10:22] {Threei} FNM got away, no chance for entry
[10:22] {Threei} FRE however
[10:22] {Threei} .65 resistance
[10:22] {Threei} .50 break maybe worth a try
[10:23] {Threei} watch FNM for guidance
[10:25] {Threei} wow
[10:25] {Threei} out
[10:25] {Threei} US TREASURY'S PAULSON: FOCUS IS ON BACKING FRE AND FNM IN CURRENT FORM, REGULATORS IN TALKS WITH GSES
[10:25] {Threei} that's long IMO
[10:25] {Threei} in current form is key words
[10:26] {Threei} want FNM bounce
[10:26] {Threei} as close to .50 as possible
[10:27] {Threei} tried to bid .60, no chance
[10:27] {Threei} not this time
[10:27] {Threei} will lose .50
[10:28] {Threei} things change too fast to comment real time, lol
[10:29] {Threei} EQUITIES AND THE DOLLAR MOVE LOWER AFTER TREASUY SEC PAULSON'S STATEMENT PROVIDES LITTLE IF ANY DETAILS OF A SPECIFIC BAILOUT PLAN
[10:30] {Threei} MOODY'S SAYS US GOV'T DEBT WELL WITHIN AAA RANGE
[10:31] {Threei} this last round of selling is unjustified IMO
[10:32] {Threei} FRE looking for bounce
[10:33] {Threei} out if you got it
[10:33] {Threei} guys, quick traders have to grab entries as instincts guide them
[10:33] {Threei} there is no way I can alert in time
[10:34] {Threei} very liquid situation
[10:34] {Chaeron} GM all... chaos rules today I see
[10:34] {Threei} if you don't feel confident,enough for entries, paper trade
[10:34] {Threei} hi chaeron
[10:35] {Threei} I barely manage to give an idea of a trade
[10:35] {Threei} exact entry, no way
[10:36] {Threei} FNM dollar bounce
[10:38] {Threei} FNM around .50 should be another long entry
[10:39] {Threei} UPDATE: CITIGROUP COMMENTS THAT FANNIE AND FREDDIE SELL OFF IS NOT DUE TO FUNDAMENTALS; REITERATES BUY RATING
[10:41] {Threei} feel free to exit
[10:41] {Threei} +.23 for me
[10:41] {Threei} no takers?
[10:42] {Threei} sigh
06[10:42] * Threei slaps laserdave1 around a bit with a large trout
[10:42] {Threei} and while I am at it
06[10:42] * Threei slaps magoo around a bit with a large trout
06[10:43] * Chaeron slaps laserdave1 around a bit with a large trout
06[10:43] * Chaeron slaps magoo around a bit with a large trout
[10:43] {Threei} thank you chaeron
[10:44] {Threei} disconnect between FRE/FNM and LEH
06[10:44] * Chaeron slaps Threei around a bit with a large trout
[10:45] {Threei} oh great
[10:45] {Threei} I thought I had an ally... turns out he just slaps people by pure reflex {G}
[10:46] {Threei} told ya that last round of selling was unwarranted
[10:46] {tomg} out fnm 8.01 , ty vad
[10:47] {Threei} from?
[10:47] {Threei} .55 or so?
[10:47] {tomg} .62
[10:47] {Threei} :)
[10:47] {Threei} not bad for 12-15 cents original stop size
[10:48] {tomg} yep :)
[10:48] {Threei} I am getting strange feeling that we are going to see much bigger recovbery on this pair today
[10:49] {Threei} findin g entry is still not easy... pullbacks into obvious support levels is the best approach
[10:49] {Threei} much like this last pullback on FNM from 8 to 7.50
[10:49] {Threei} so lwet's try and identify them
[10:49] {Threei} 8 is closest support for FNM
[10:49] {Threei} 4.70 for FRE
[10:50] {Threei} right now more negative action on LEH than on this couple
[10:51] {Threei} how about that FNM
[10:54] {tomg} xlf resistance 18.65?
[11:00] {tomg} now support
[11:01] {Threei} [10:48] {Threei} I am getting strange feeling that we are going to see much bigger recovbery on this pair today
[11:01] {tomg} xlf long here, vad?
[11:02] {Threei} after pullback...
[11:02] {Threei} it has much narrower range
[11:02] {tomg} ok, ty
[11:03] {Threei} plus, XLF has other financials weighing on it
[11:05] {Threei} FNM at support
[11:05] {Threei} FRE is not yet
[11:07] {Threei} FNM bounced right on que
[11:07] {Threei} FNM still pulling back
[11:07] {Threei} FRE sorry
[11:08] {Threei} FRE needs to be closer to 5.10
[11:12] {Threei} in, stop under 4.90
[11:12] {Threei} got 5.03
[11:12] {Threei} right on que
[11:13] {Threei} out
[11:13] {Threei} +.24
[11:13] {Chaeron} I scalped .14 out of it.,.. thanks
[11:13] {Threei} :)
[11:13] {patience} you are having a good day vad, shows why scalping pays
[11:14] {tomg} got it vad, TY !
[11:14] {Chaeron} we're in scalping mode again here
[11:14] {Threei} tom :)
[11:14] {Threei} getting out too soon every time patience... but somehow don't feel bad about it
[11:14] {patience} not when the cash register rings time and time again
[11:15] {Threei} no
[11:15] {Threei} keeping stops tight, taking easy profits
[11:17] {magoo} back
[11:17] {Threei} you left?
[11:17] {magoo} sorry, tenant called and tree split down middle
[11:18] {Threei} ugh
[11:18] {magoo} enmergency tree removal or smashed house roof
[11:18] {Chaeron} lightning? wind?
[11:18] {Threei} missed some bonanza
[11:18] {magoo} god dammit
[11:18] {magoo} big bux
[11:18] {Chaeron} yeah mags... even I made $
[11:19] {Chaeron} easy bro... more to come... as always
[11:21] {Threei} FNM, need pullback closer to 9 now for entry
[11:22] {Threei} FRE no read here
[11:22] {magoo} ok, well, what could i do..trying to get tree guy there now...or lose roof of entire house..
[11:23] {magoo} fnd me only winners vad, ok cause i missed your earliers
[11:23] {Threei} just did
[11:25] {Threei} out .20 from .03
[11:25] {Chaeron} missed here
[11:25] {Chaeron} mags.. dcc
[11:26] {Threei} second chance worked again
[11:26] {Threei} if goes to 9 again do not take it this time
[11:28] {Threei} you caught it magooski?
[11:30] {magoo} i though yuo saids do not take it
[11:30] {magoo} sheesh
[11:30] {Threei} .20 - .30 zone support now FNM
[11:30] {Threei} I said do not take it third time
[11:31] {Threei} it hit 9 twice and bounced every time
[11:31] {Threei} third would be a breakdown
[11:31] {magoo} crap..reach in computer and push the buy/sells for me lol
[11:32] {Threei} jump right off .30
[11:32] {patience} dow below 11,000, hmmm
06[11:33] * Chaeron dusting off DOW 10K party hat...
[11:33] {Threei} wow, I didn't even notice
[11:33] {Threei} too much fun with freddie kruger and his girlfriend fannie
[11:34] {Threei} same situation repeated exactly on FNM,
[11:34] {patience} do you realize China is top foreign holder of freddie and fannie bonds
[11:34] {Threei} second bounce off ,.30 worked
[11:34] {patience} interesting times vad
[11:34] {Threei} if goes there third time do not take it
[11:35] {Threei} I hate interesting times
[11:35] {judijim} good morning all
[11:35] {Threei} jj :)
[11:36] {Threei} 5.50 FRE support now
[11:38] {Threei} FNM asiming for 10
[11:38] {patience} IndyMac halted vad?
[11:38] {Threei} .75 important level to take
[11:39] {Threei} hmm
[11:39] {Threei} no halt news
[11:39] {Threei} let me check halt website
[11:40] {Threei} nope... not listed there
[11:40] {patience} ty, sorry to interrupt
[11:40] {Threei} the price and the way it trades though, ikt could be halted just as well, lol
[11:41] {Threei} 10 FNM
[11:41] {Threei} let me reiterate:
[11:41] {Threei} [11:01] {Threei} [10:48] {Threei} I am getting strange feeling that we are going to see much bigger recovbery on this pair today
[11:42] {Threei} now I'll stop patting myself on the back to prevent severe shoulder dislocation
[11:43] {Threei} magooevsky... tell me you got it this time
[11:43] {magoo} nope ..sigh
[11:43] {Chaeron} got what? where?
[11:44] {Threei} [11:38] {Threei} FNM asiming for 10
[11:44] {Threei} [11:38] {Threei} .75 important level to take
[11:44] {Threei} [11:39] {Threei} hmm
[11:44] {Chaeron} shoot
[11:44] {Threei} you guys don't pay attention at all?
[11:44] {Chaeron} freakin' phone
[11:45] {Threei} PRESIDENT BUSH: REGARDING THE GSES, PAULSON AND BERNANKE ARE "WORKING THIS ISSUE VERY HARD"
[11:46] {magoo} any read RIMM vad?
[11:46] {Threei} no
[11:50] {Threei} this pullback is probably last long ewntry for bounce
[11:50] {Threei} after that either switching to shorts or going on a sideline
[11:52] {Threei} FNM is ready
[11:52] {Threei} .81 long
[11:52] {Threei} if stays above .65
[11:53] {Threei} out
[11:55] {Chaeron} me too. thanks... in .82 out 10
[11:55] {magoo} caught that one .78 to .97
[11:55] {Chaeron} good job mags
[11:55] {Threei} whew
[11:56] {Threei} just when I decided to lock you both out of the room for ignoring me
[11:56] {Chaeron} mags, did someone just say something?
[11:56] {Threei} on second thought... I am happy to be ignored
[11:57] {Threei} carry on :)
[11:59] {magoo} no here chaer..nothing
[11:59] {magoo} BUSH on tv
[11:59] {magoo} breaking news
[12:00] {Threei} ?
[12:00] {magoo} on fre fnm
[12:00] {magoo} coming up
[12:00] {Threei} PRESIDENT BUSH: REGARDING THE GSES, PAULSON AND BERNANKE ARE "WORKING THIS ISSUE VERY HARD," THE GSES ARE "IMPORTANT INSTITUTIONS"
[12:00] {Threei} - Notes that oil prices are high because demand is outstripping supply, urges congress to open new areas for oil exploration before its summer break
[12:00] {Threei} same or something new...
[12:01] {magoo} he gonna be on cnbc
[12:01] {magoo} could move markets
[12:05] {Threei} I am skipping this stage of run on FRE
[12:05] {Threei} can't read it here
[12:05] {Threei} eay money is made
[12:05] {Threei} Bush is on
[12:06] {Threei} it's the same speech I quoted earlier
[12:07] {Threei} wow... magoo, you watching?
[12:07] {Threei} heard camera clicks just now?
[12:07] {Threei} same sound we have for Laser executions :)
[12:08] {Threei} oh, I forgot, I am on ignore
[12:08] {magoo} :)
[12:09] {Threei} reluctantly:
[12:09] {Threei} looks like time to switch to short side on this unholy couple
[12:09] {Threei} FRE closest resistance .35
[12:10] {Threei} FNM 10
[12:10] {kazaam} break of .70 on FNM?
[12:10] {Threei} no, I'd oprefer a bounce closer to resistance
[12:10] {Threei} aggressive entry
[12:10] {Threei} making stop as tight as possible
[12:11] {Threei} here are bounces
[12:11] {Threei} any spot now where you feel it turns
[12:12] {Threei} in FNM
[12:12] {Threei} .15 stop
[12:13] {Threei} got .04... 1:1 was easy but I got greedy
[12:13] {Threei} let's see if I was wrong
[12:14] {Threei} lose .90 FNM, and you are toast
[12:15] {Threei} ok, first part of the plan... now turn into toast please
[12:16] {Threei} stubborn thing
[12:16] {Threei} die already
[12:17] {Threei} over 1:1... if you are uncomfortable, cover half
[12:17] {Threei} I want to milk it for more
[12:17] {kazaam} i cover havl at now
[12:17] {Threei} ahha... good boy
[12:17] {Threei} wait... FNM is a girl
[12:17] {Threei} FRE is a boy
[12:18] {Threei} covered half .76
[12:18] {Threei} +.28
[12:18] {Threei} why didn't I short FRE btw
[12:18] {kazaam} yep yep, wish i was more aggressive like you, i didnt have my hunting cap on
[12:18] {Threei} [12:09] {Threei} FRE closest resistance .35
[12:18] {Threei} hit .30 on bounce
[12:19] {Threei} focused on FNM too much
[12:19] {Threei} bidding .55
[12:19] {Threei} FNM
[12:20] {Threei} to cover, not for long entry!
[12:20] {Threei} stop 10.01
[12:22] {Threei} stop to .81
[12:24] {Threei} direct hit
[12:24] {Threei} out +.49
[12:24] {Threei} [11:50] {Threei} this pullback is probably last long ewntry for bounce
[12:24] {Threei} [11:50] {Threei} after that either switching to shorts or going on a sideline
[12:25] {Threei} [12:09] {Threei} looks like time to switch to short side on this unholy couple
[12:25] {Threei} did I get the best read of the month on them or what today
[12:26] {magoo} yup
[12:27] {magoo} but fate had other plans for magoo
[12:27] {Threei} argh
[12:29] {magoo} your best pirate imitation?
[12:30] {magoo} AAAARRRRRRRRRRRRR
[12:30] {Threei} hehe
[12:31] {Threei} ok guys, how are we doing today? I need some feedback, you are way too silent
[12:31] {Threei} finding your entries and exits, can't get it right, simply sleepiong... which is it?
06[12:31] * kazaam thanks vad for his only and most profitable trade all week
[12:31] {Threei} sounds good
[12:32] {Chaeron} best day I've had in a while
[12:32] {patience} terrific day vad
[12:32] {Threei} that's what I love to hear
[12:34] {magoo} im up..but not daily
[12:34] {magoo} 3 times daily yesterday {again}
[12:36] {magoo} whaaa??u ignoring me??
[12:36] {Threei} would be interesting to find out how magoo did yesterday... too bad we don't hear from him
[12:42] {magoo} aapl bounce vad??
[12:46] {Threei} can't get feel on it
[12:47] {kazaam} CEDC? I cant understand if that price action is bullish or bearish
[12:48] {Threei} mostly bullish, it's just very thin
[12:49] {Threei} FNM looks like short entry again
[12:50] {Threei} .50 closest resistance
[13:01] {Threei} anyone's in and needs guidance?
[13:08] {magoo} i am
[13:09] {Threei} price?
[13:09] {magoo} morale
[13:09] {Threei} ah
[13:09] {Threei} ok
[13:09] {Threei} thou shalt not:
[13:09] {Threei} -buy fast dropping stocks
[13:09] {Threei} -shot fast rising stocks
[13:09] {Threei} -blow one's stops
[13:10] {Threei} -double down on losing position
[13:11] {Threei} -covet neighbour's trading account
[13:12] {Threei} -worship false TV gurus
[13:12] {Threei} how's that for guidance?
[13:14] {kazaam} I am guilty, 3 out 6, where do I send money?
06[13:15] * patience slaps Threei around a bit with a large trout
[13:15] {Threei} don't bother... if those are first three, your money will be taken from you with no other action on your part
[13:15] {Chaeron} wow
[13:15] {Threei} what did I do?
[13:15] {kazaam} goodie, very effiecent system
[13:15] {Chaeron} patience... nice shot... and you don't practice even
[13:18] {magoo} practice?practice i hear?
[13:20] {Threei} tide is changing again on FRE/FNM but volume is very questionable
[13:20] {Threei} no read
06[13:21] * magoo slaps patience around a bit with a large trout
[13:22] {magoo} practicing:)
[13:22] {patience} ty magoo :)
[13:26] {patience} ok, quick change of subject for you guys....has anyone taken the train from Le Havre into Paris?
[13:27] {magoo} is that in upstate new york?
[13:27] {patience} vad, help me out here with magoo
[13:27] {Threei} easy
06[13:27] * Threei slaps magoo around a bit with a large trout
[13:27] {patience} ty
[13:27] {Threei} always
[13:28] {Threei} I guess fern is closest to that area
[13:28] {Threei} unless omnipresent Raven flies over there now and then
[13:28] {patience} ok, i guess you guys don't take the choo choo
[13:30] {GeoArb} we all will soon :)
[13:31] {Threei} lol
[13:32] {GeoArb} gm got punished for buying all railcar companies and closing them down
[13:32] {fernp} sorry, I've been in Paris but only in Disney Land
[13:32] {GeoArb} hahahahah
[13:32] {GeoArb} i have been tp paris paris
[13:32] {GeoArb} vegas
[13:40] {Raven} 3 been in Paris Kentucky
[13:40] {Chaeron} there's Perris, CA... that count?
06[13:40] * Raven slaps Chaeron around a bit with a large trout
[13:40] {Raven} 3 no
[13:40] {magoo} i live been in pennsyltuckey
[13:40] {Chaeron} lol
[13:40] {Threei} .51 FRE if holding .40
[13:45] {Chaeron} inval'd?
[13:45] {Threei} needs to consolidate agan for a few above .40
[13:47] {Chaeron} or doesn't... lol
[13:49] {magoo} out .63 vad ty
[13:50] {Threei} :)
[13:59] {magoo} way way early
[14:01] {Threei} JUNE MONTHLY BUDGET STATEMENT: $50.7B V $34.0BE
[14:12] {Chaeron} FRE green
[14:13] {Threei} whould woluld have thought
[14:18] {Threei} drop to about 7 is bounce entry for FRE
[14:19] {Threei} SENATOR DODD: KNOW THAT THE FED AND TREASURY ARE LOOKING AT OPTIONS ON GSES INCLUDING ACCESS TO THE DISCOUNT WINDOW
[14:19] {Threei} - Dodd echoes other officials saying that the GSEs are fundamentally sound, notes the majority of mortgages held by the GSEs are solid 30Y mortgages.{FNM}
[14:21] {Threei} almost ready FRE
[14:22] {Threei} first strength from here
[14:22] {Threei} got .05
[14:22] {Chaeron} .06
[14:22] {Threei} out
[14:23] {Threei} .30
[14:23] {Chaeron} .31 + 0.25 great one... thanks Vad
[14:23] {Threei} to see 7 coming when it was around 7.70 - I am a borderline genius today
[14:23] {Chaeron} IQ of 220
[14:24] {Chaeron} again?
[14:24] {Threei} most likely second time yes
[14:24] {Threei} third no
[14:24] {Threei} wait for turn first
[14:24] {Threei} no entry on price alone
[14:24] {Threei} missed
[14:24] {Threei} whatever
[14:25] {Threei} let it go
[14:25] {Chaeron} k
[14:25] {Threei} if you got it, take scalp
[14:25] {Threei} don't get stuck
[14:25] {Chaeron} nope
[14:25] {Threei} wemotions run high again
[14:37] {Threei} I don't remember my trading list for the day to be just two stocks, and the ghottest one for the day at that
[14:37] {Threei} ones
[14:42] {Threei} I'll have to leave in 20-30 minutes guys
[14:42] {Threei} anyone got any quoestions ask them NOW
[14:42] {Threei} or forever hold your peace (at least till Monay)
[14:43] {Chaeron} did you mean Monet'?
[14:43] {Threei} monday
[14:43] {Chaeron} just checking... you knnow Senator Obama told us we have to learn Spanish and French and..... so... just checking
[14:44] {magoo} was bumped opff
[14:44] {patience} french????
[14:44] {Raven} 3 oui
[14:44] {Raven} 3 si
[14:44] {patience} pourquoi
[14:45] {magoo} bookuu magoo
[14:45] {Raven} 3 just because
[14:45] {fernp} I speak a bit of spanish
[14:45] {fernp} ole
[14:45] {patience} me too : tequila
[14:46] {Raven} 3 taco?
[14:46] {Chaeron} because we are going to have Canadians demanding French
[14:46] {Chaeron} don't want them to feel left out, do we?
[14:46] {patience} if majority of canadians refuse to learn one of their officials and we are 'nice' people
[14:47] {patience} lots of luck
[14:47] {patience} we are not 'nice' people
[14:47] {Threei} FED'S BERNANKE HAS REPORTEDLY TOLD A GSE CHIEF THAT FRE AND FNM COULD BE GIVEN ACCESS TO THE DISCOUNT WINDOW - UNCONFIRMED REPORT
[14:47] {Threei} - note: Senator Dodd made a similar comment earlier{FRE}
[14:47] {Chaeron} I know... ask me about my ex-wife
[14:47] {patience} oh
[14:47] {GeoArb} lol
[14:48] {GeoArb} that was out of nowere
[14:48] {magoo} vad, u in next week?
[14:49] {Threei} sure
[14:50] {kazaam} why 100 points in .0005 seconds?
[14:50] {Chaeron} man... is FNM going to close green?
[14:51] {patience} good question kazaam
[14:51] {GeoArb} fnm fre got capitalized i guess
[14:54] {Raven} 3 Benny told FNM and FRE that they are eligible for discount window
[14:54] {Threei} [14:47] {Threei} FED'S BERNANKE HAS REPORTEDLY TOLD A GSE CHIEF THAT FRE AND FNM COULD BE GIVEN ACCESS TO THE DISCOUNT WINDOW
[14:54] {GeoArb} i guess me going to paris is going to get more expensive in dollars :(
[14:54] {Threei} anyone pays any attention to me whatsoever??? :)
[14:54] {magoo} huh??
[14:54] {GeoArb} you using white fonts vad?
[14:55] {Threei} stop using whiteout on your LCD screen
[14:56] {magoo} if mkt closes green ill cut my wrists with a banana
[14:57] {Threei} I suggest eating keyboard
[14:57] {Threei} at least some nutrition
[14:59] {magoo} jesus..this is retarded...only 76 down
[14:59] {magoo} 66
[14:59] {magoo} 59
[14:59] {Threei} Ok guys, thank you all
[14:59] {Threei} have a great relaxing weekend
[15:00] {magoo} ty vad, nice job
[15:00] {fernp} today we have seen the best Vad. Thank you for everything
[15:00] {Threei} no end of the world today but next week will bring a few more
[15:00] {Threei} thank you fern
[15:00] {Threei} see you all on Monday
[15:00] {GeoArb} ty vad
[15:00] {fernp} bye

Jul 10 2008

Session Time: Thu Jul 10 00:00:00 2008

[08:21] {Threei} Good morning
[08:21] {Threei} FRE all time lows
[08:21] {Threei} FNM follows the suit
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 346K V 395KE;
[08:30] {Threei} ONTINUING CLAIMS: 3.202MM V 3.140ME
[08:30] {Threei} Prior Continuing Claims revised from 3.116M to 3.111MM
[08:34] {brian3579} gm all
[08:34] {Threei} brian :)
[08:44] {Threei} 07/09/08 08:25pm
[08:44] {Threei} (US) WSJ reports that President Bush's administration has held discussions about what to do in the event that Fannie Mae and Freddie Mac falter - WSJ
[08:44] {Threei} - The report cites 3 people familiar with the situation.
[08:44] {Threei} - According to the article, these talks have been going on for months and are part of normal contingency planning that the Treasury Dept and other financial regulators regularly undertake, but the talks have become more serious recently.
[08:44] {Threei} at this rate they'll be at zero next week
[08:46] {Threei} WB
[08:46] {Threei} CHAIRMAN SMITH: WE HAVE A STRONG CAPITAL FOUNDATION AND OPTIONS FOR ADDRESSING THE CAPITAL BASE - CONF CALL COMMENTS
[08:47] {Threei} yup
[08:57] {magoo} mornink comrades
[08:57] {Threei} magoo :)
[09:00] {dino} gm all, brb
[09:00] {Threei} dino :)
[09:00] {Threei} hurry back
[09:00] {tomg} gm all
[09:01] {Threei} you want to be here for historic moment of FNM and FRE hitting zero, and if you are away for more than 15 minutes you do risk to miss that
[09:01] {Threei} tom :)
[09:01] {Threei} OPEC: CUTS 2015 DEMAND FORECASTS, SAYS EIA AND IEA ARE TOO OPTIMISTIC REGARDING FUTURE DEMAND
[09:02] {Threei} TGAL
[09:02] {Threei} RECEIVES 901ACS PLASMA ETCH SYSTEM ORDER AND ACS UPGRADE ORDERS FROM LEADING MAKER OF COMMERCIAL BIOMEMS-BASED MEDICAL TESTING PRODUCTS
[09:02] {fernp} Good morning all
[09:06] {Threei} fern :)
[09:07] {magoo} what ya thinking for today vad?{i know, i know..u don't think} BUT u usually have good feel...as in, little selloff then up? or more drearey down what?
[09:07] {Threei} you know, so far no feel at all
[09:07] {Threei} tried to get some read,
[09:07] {Threei} and found out that this is kind of day when anything can happen at any moment
[09:08] {Threei} FRE/FNM situation is ripe for some extreme events
[09:08] {Threei} and possible external interventions
[09:08] {Threei} and whole market will react violently if something happens with those two
[09:09] {Threei} I had an interesting talk yesterday with a guy who has a window into quite a few trading accounts at many brokerages
[09:09] {Threei} his words:
[09:10] {Threei} "a lot of traders who made money consistently year over year are hurting badly last month or so"
[09:10] {Threei} I am not surprized
[09:11] {Threei} extreme chop makes practically any system prone to more frequent stops
[09:11] {Threei} we see it too
[09:14] {judijim} good morning everyone
[09:15] {Threei} jj :)
[09:15] {cosmo} FCSX: FCStone misses by $0.05, beats on revsBriefing.com(Thu 8:05am)
[09:15] {magoo} yeah vad, i am down mon..up tues..down wed...hopefully up today...SIGH
[09:16] {magoo} like my RIMM short yesterday...rinse then collaspe
[09:16] {dino} rinse city boys
[09:16] {Threei} what a relentless selling on these two
[09:18] {Threei} both are shortable on Laser
[09:19] {Threei} let's stick to a very conservative side today
[09:20] {Threei} it's likely to be very choppy and listless
[09:24] {dptl} good morning all
[09:26] {Threei} dp :)
[09:28] {dino} colb ouch
[09:32] {Threei} 8.50 half lot short FRE if stays under .75
[09:34] {Threei} 1:1
[09:34] {Threei} scalping only at this point
[09:35] {tomg} nice one vad, missed it myself (:
[09:35] {Threei} FNM considerably stronger
[09:36] {Threei} 13.50 nearest resistance for it
[09:36] {Threei} not sure whether short it here or wait for stronegr bounce
[09:38] {Threei} RMBS .39 short if stays under .60
[09:38] {Threei} FRE bottomless
[09:39] {Threei} let's do half lot RMBS
[09:42] {Threei} 1:1
[09:42] {Threei} and over
[09:42] {Threei} my a$$ is out
[09:42] {tomg} missed again, all thumbs today
[09:43] {Threei} taking the surest money today
[09:43] {Threei} it bounced right into trigger after setting up...
[09:43] {Threei} gave entry chance
[09:43] {tomg} my fault, looked away a min
[09:44] {Threei} {AWAY} I am a looker alright
[09:44] {tomg} :)
[09:45] {tomg} got LEH long, though
[09:45] {Threei} nice spike on it
[09:45] {tomg} got out too soon, argh
[09:46] {Threei} no such thing today
[09:46] {Threei} take sure money
[09:46] {tomg} ok
[09:46] {Threei} smackdowns will be so violent, you can go from nice gain to disgusting loss faster than you can say OY
[09:46] {dino} aaww
[09:46] {Threei} have a look at LEH right now for illustration
[09:46] {tomg} yep, see what you mean
[09:47] {tomg} wow
[09:47] {tomg} happy with my .50 , whew!
[09:47] {magoo} nice start vad
[09:47] {Threei} ty mags
[09:47] {Threei} there you go tom... almost one buck down in one exhale
[09:48] {tomg} man
[09:48] {tomg} in less than a minute, too
[09:48] {Threei} ugh, missed WB long... didn't trust it
[09:50] {Threei} REPORTEDLY US TSY PAULSON TO MAKE COMMENTS FOR NEED FOR TIGHTER MARKET OVERSIGHT AND DISCIPLINE
[09:51] {Threei} closing barn doors after horses are gone?
[09:51] {Threei} where was this guy when banks flooded market with mortgage-back derivatives
[09:51] {Threei} backed
[09:52] {Threei} WB, reluctant long closer to 13.50
[09:52] {Threei} half lot!
[09:52] {Threei} wait with entry for FNM bounce
[09:53] {Threei} in
[09:53] {Threei} .39 stop
[09:54] {Threei} got .56
[09:54] {tomg} .57 here
[09:54] {Threei} stop to .45
[09:55] {Threei} not taking any chances for bigger loss than I can shrug off
[09:55] {Threei} rather will be shaken out than risk any quick selloff with slippage
[09:56] {Threei} needs to break .65
[09:57] {Threei} out
[09:57] {tomg} out
[09:57] {Threei} FNM losing ground again
[09:58] {cosmo} SYMC 19.24 = hod fwiw
[09:59] {cosmo} testing
[10:01] {Threei} TREASURY SEC PAULSON: FRE AND FNM ARE ADEQUATELY CAPITALIZED, FINANCIAL FIRMS MUST BE ALLOWED TO FAIL
[10:01] {cosmo} along with the home owners
[10:03] {dino} will 11120 hold?
[10:03] {Threei} Doesn't like it will
[10:04] {dino} thinking no
[10:04] {Threei} doesn't look
[10:04] {Threei} FRE
[10:04] {Threei} .49 short half lot
[10:04] {Threei} if stays under .65
[10:05] {Threei} 1:1 easy
[10:05] {Threei} covering half
[10:05] {Threei} let's try to ride a little
[10:05] {Threei} if no worky, back to scalps
[10:05] {dino} they are gearing up for a failure, "the problem of to big to fail"
[10:06] {Threei} sounds right
[10:06] {Threei} and scary
[10:06] {Threei} out second half
[10:07] {Threei} scalps r us
[10:08] {Threei} too many external noises are being made and each impacts the market
[10:08] {Threei} too ensitive to news and sound bites
[10:13] {Threei} FRE .49 short half lot
[10:13] {Threei} .65 stop
[10:13] {Threei} FNM diving
[10:14] {Threei} should take FRE with it
[10:15] {Threei} 1:1
[10:15] {dino} new lows dji
[10:18] {Threei} XLF 18.99 short if stays below 19.10
[10:19] {Chaeron} Good morning all
[10:21] {Threei} chaeron :)
[10:21] {Threei} missed a few good ones
[10:22] {Chaeron} hope there are more
[10:23] {Threei} SPOKESPERSON: FRE HAS 'ABSOLUTELY ENOUGH CAPITAL', COMMITTED TO RAISING ADDITIONAL CAPITAL WHEN APPROPRIATE
[10:23] {Threei} - States capital raise depends on market conditions{FNM XLF}
06[10:23] * Threei is crying
[10:25] {Threei} LEH
[10:25] {Threei} CNBC'S FABER: THERE ARE LOTS OF RUMORS, THEY ARE NOT TRUE, BUT THAT DOESN'T MATTER
[10:25] {Threei} huh?
[10:25] {Threei} new low FRE
[10:25] {Threei} and FNM
[10:26] {Threei} OK, this starts looking as panic
[10:27] {dino} v sm, risky, l cme 309.01
[10:27] {Threei} REPUBLICAN PRESIDENTIAL CANDIDATE MCCAIN: US CAN NOT ALLOW FRE, FNM TO FAIL
[10:28] {Threei} see tis headline and bounce?
[10:28] {Threei} unbelieavble sensitivity to any sound bite
[10:29] {dino} yeah, and we thought magoo was sensitve
[10:30] {Threei} sensitive magoo - now this is the concept I need a while to get used to
[10:31] {Threei} didn't we read yesterday somewhere that FNM backs up about 70% of mortgages in USA?
[10:31] {Threei} if memory serves me right and it's so... what could mechanics of its failure even be??
[10:34] {Threei} careful long FRE here
[10:34] {Threei} stop under .25
[10:34] {Threei} so keep size reasonable
[10:34] {Threei} not a scalp
[10:34] {Threei} aiming for closer to 8
[10:39] {Threei} held support with nice precision so far... now go you lame half dead financial mess
[10:39] {Chaeron} ah... the softer, kinder, nicer side of Threei
[10:39] {Threei} lol
[10:40] {Chaeron} cut the crap and use the boot or 2x4
06[10:40] * Threei kicks FRE in the rear with heavy duty army boots
[10:41] {Threei} lookie lookie
[10:41] {Chaeron} see?
[10:41] {magoo} wow..u ok?
[10:42] {Threei} me??
[10:42] {Threei} ask FRE!
[10:42] {magoo} yeah
[10:42] {Chaeron} where exit?
[10:42] {Chaeron} 8?
[10:42] {Threei} your choice
[10:42] {magoo} .93
[10:42] {Threei} scalp or hold
[10:42] {Threei} or partial
[10:42] {Threei} all bets are off today
[10:43] {Threei} we all have different risk tolerance
[10:43] {Threei} I don't want to impact your decision on such dangerous day
[10:43] {Threei} my personal is wehat magoevsky said
[10:44] {Threei} but I have a few nice wins from previous trades under my belt
[10:44] {Threei} and you camne in late for those
[10:44] {Chaeron} today's dangerous?
[10:44] {Threei} that does it
06[10:44] * Threei slaps Chaeron around a bit with a large trout
[10:44] {dptl} lol
[10:45] {Chaeron} I'm still waiting for your MOAB calls
[10:46] {Threei} not yet...
[10:46] {Threei} IMO{ this bear hasn't run its course yet
[10:46] {Chaeron} ok, how many of you punched in MOAB into your Level2? Truth now gang... LOL
[10:46] {Threei} lol
[10:46] {Threei} WHITE HOUSE: FOCUSED ON LEGISLATION FOR FRE, FNM THAT WILL PROVIDE MARKETS WITH CONFIDENCE
[10:47] {Threei} hmmm
[10:47] {magoo} what u get as entry ?
[10:47] {Threei} I'd expect more upside off this soundbite
[10:47] {Threei} maybe partial
[10:48] {Threei} .47
[10:48] {Threei} half out for me here
[10:48] {Threei} changing plan a little
[10:49] {Threei} market sharp downtick again
[10:50] {Threei} I guess while govt sounds like its ready to bail them out, nobody knows what terms would be
[10:50] {Threei} I mean, Bear Sterns bailout didn't do much for shareholders, right?
[10:50] {Threei} so immediate impact on trading is contained by that uncertainty
[10:51] {Threei} my stop is trailed to .45 on FRE
[10:51] {Chaeron} FRE in .27 out .80 +0.53... thanks Threei
[10:51] {Chaeron} (sorry about the agressive entry but had a tight stop)
[10:52] {Threei} why sorry
[10:52] {Threei} which type of entry one takes is entirely up to one
[10:52] {Chaeron} not normal
[10:52] {Threei} regular vs aggressive vs conservative
[10:55] {Threei} FED'S BERNANKE: FED IS PAYING ATTENTION TO FINANCIAL SYSTEM, FEELS MARKET REFORM SHOULD BE COMPLETELY CORRECTLY RATHER THAN WITH SPEED - Q&A
[10:57] {magoo} the news imo..is setting us up for move to greenland
[10:57] {magoo} any thoughts vad
[10:57] {Threei} can't tell really
[10:57] {Threei} it changes too quick and too often
[10:58] {Chaeron} patience is required
[10:58] {Chaeron} personally I am glad she's here everyday..............
[10:59] {patience} laughing
[10:59] {Threei} FNM sharp selling
[10:59] {Threei} FRE is holding a little better
[10:59] {Threei} out second half
[11:00] {Threei} letting it sort out the mess a little before I look for the next setup
[11:00] {Threei} also I need a little time to fix my shoulder
[11:01] {Threei} dislocated it while patting myself on the back for the precision with which FRE held stop level
[11:04] {Chaeron} anyone else having chart feed probs?
[11:04] {magoo} good here on serv 1
[11:05] {Threei} PIMCO SPOKESPERSON: PIMCO CONTINUES TO TRADE WITH LEH
[11:06] {Chaeron} thanks mags
[11:10] {magoo} works for u?
[11:11] {Chaeron} now it is on there... thanks
[11:28] {Chaeron} .
[11:28] {Threei} fine point
[11:29] {Threei} S SENATE VOTES TO LIMIT DEBATE ON THE THIRD SECTION OF THE HOUSING BILL, AS EXPECTED
[11:29] {Threei} - this procedural vote allows the Senate to move forward with a vote on the full housing bill
[11:29] {Threei} - note: the bill had been held up for several weeks by an attempt to attach a rider that would add billion of dollars in renewable energy tax credits. The sponsor of that rider said he would drop his efforts to add it into this bill.
[11:31] {magoo} vads, u got any friar tuk left?
[11:34] {magoo} out here .60 + 1 point
[11:34] {Chaeron} beauty magoo
[11:35] {patience} good day for you magoo :)
[11:36] {Threei} wtg mags
[11:38] {Threei} US TREASURY'S PAULSON: CONFIRMS STRONG USD POLICY, AS US HAS 'BEST LONG TERM FUNDAMENTALS' OF DEVELOPED COUNTRIES, WILL BE REFLECTED IN VALUE OF CURRENCY
[11:40] {Threei} CFTC NOTES THAT IT HAS OBSERVED NO SYSTEMATIC EFFORT TO INCREASE OIL PRICES
[11:40] {Threei} oh good
[11:43] {Threei} FNM pullback should be buyable
[11:43] {Chaeron} as close to...?
[11:44] {Threei} about here
[11:47] {Threei} in
[11:47] {Threei} stop under .80
[11:48] {Threei} not time yet
[11:49] {Threei} next leg down then
[11:49] {Threei} closer to .50
[11:51] {dino} wynn blood
[11:51] {Threei} .67 - .97 scalp... too fast to post sorry
[11:56] {Threei} WB
[11:56] {Threei} CEO STEEL: DEPOSITS AND BASIC LENDING ARE STRONG
[11:56] {Threei} the more they repeat it...
[11:56] {Threei} FED'S BERNANKE: GSES `WELL CAPITALIZED' ON A REGULATORY BASIS
[12:00] {Threei} watching NLY for pullback long entry
[12:03] {Threei} if no pullback, then .75 long with stop under .60
[12:04] {Threei} would love to see FNM goping upo for NLY entry
[12:05] {Threei} WB
[12:05] {Threei} RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE AT MOODY'S
[12:07] {Threei} GEORGIA RECALLS ITS AMBASSADOR FROM RUSSIA FOR CONSULTATION
[12:10] {Threei} scratching N LY
[12:10] {Threei} stalled
[12:10] {Threei} want easy money only today
[12:15] {magoo} i do{oops..thought it was a question}
[12:16] {Threei} lol
06[12:16] * magoo slaps patience around a bit with a large trout
[12:17] {patience} ok, magoo, what's up
[12:18] {magoo} u are now designated my official dave warm up slap-ee
[12:18] {patience} magoo, you make me feel special
[12:19] {magoo} u are special to magoo
[12:24] {judijim} wehave been been trading only momentum trades for 10 to 30 minutes once or twice a week.
[12:25] {Threei} whatever works jj
[12:25] {magoo} from what u been posting, u have been doing quite well
[12:25] {Threei} if you used chicken entrails as indicator for entry and it was profitable - I say more power to you
[12:25] {magoo} 2 days over a grande each correct?
[12:26] {judijim} yes
[12:26] {Threei} now, if you had to bury a bat bone on the crossroad in full moon night - that could be aproblem
[12:27] {Chaeron} other than waiting for a full moon, what's the problem?
[12:27] {Threei} catching a bat, too much work... and most crossroads are covered with concrete these days, again increases a workload
[12:27] {Chaeron} details, details :)
[12:28] {Threei} chicken entrails on the other hand...
[12:28] {kazaam} hmmm, all these methods sound better than mine, throwing darts at my lcd...
[12:29] {judijim} today we tried 10 stocks and was up over 1100 dollars and before we could get out we made only 93 dollars
[12:29] {Threei} I like that one kaz... the trouble is I hit the LCD too often
[12:29] {Threei} wow jj
[12:29] {Threei} what happened?
[12:30] {Threei} they moved against you too fast for exit?
[12:30] {judijim} the timing was wrong
[12:30] {Threei} well, today was very hectic
[12:31] {dptl} what is your lot size judi...if i may ask?
[12:32] {magoo} what im interested in hearing is how the two of your can decide together{and in a timely fashion} on entries and exits
[12:32] {judijim} we buy only 100 shares right now
[12:32] {judijim} 10 stocks at a time
[12:33] {dptl} $1100 with 100 shares?
[12:33] {judijim} in a couple of months going to maybe200 each
[12:34] {judijim} we always buy 100,000 dollars at a time
[12:34] {magoo} whattttttttttttttttttttttttt? as magoo faints
[12:34] {dptl} so its about a $1 everege win per stock?
[12:35] {dptl} i am confuse
[12:35] {dino} out cme 313.21, +4.21
[12:35] {judijim} I was trying to dcc Vad , dont want to step on any toes
[12:35] {Threei} you don't... share freely :)
[12:35] {Threei} and to dcc, simply doubleclick on my nick
[12:35] {dino} tough crowd
[12:36] {judijim} since may 19, up just over 20,000 dollars
[12:36] {dino} magoo was only joiner
[12:36] {Threei} yes dino... they can focus on one person at a time
[12:36] {dino} dino is back
[12:37] {Threei} to chew gum and walk - no can do
[12:37] {judijim} i would be glad to share the stocks with anyone
[12:37] {Threei} you have floor jj
[12:38] {judijim} we buy on the high offer to save time
[12:38] {magoo} ok ok ...dino..........i took his trade at 307.00 and exited 311.56 THERE
[12:38] {judijim} and sell on the high offer
[12:38] {Threei} if you want, I'll efdit it out when post room transcript so it remains within RT
[12:40] {magoo} sheesh.i hope u edit some of my wise cracks boss
[12:40] {judijim} all our stocks are low pe and high growth type for investing, except we day trade these stocks
[12:41] {judijim} we were using two level twos for hedge when swing trading but not for about 6 weeks
[12:42] {dptl} i see .....ty
[12:43] {judijim} we found that our stocks move different from the dow and s&p
[12:44] {dino} ha, different, you should see magoo try to dance
[12:45] {judijim} also, for the last 3 weeks, been trading same stocks each day we trade
[12:47] {dino} whatever you're doing, keep doing it, gj
[12:47] {Threei} {magoo} sheesh.i hope u edit some of my wise cracks boss {---- nope, I actually add to them
[12:47] {magoo} man o man..vad hasn't made 20k in 2 years he he {as magoo grabs vodka and heads for nearest cave}
06[12:47] * Threei slaps magoo around a bit with a large trout
[12:47] {judijim} today was the first day we trades short beleive it or not in about two months
[12:48] {kazaam} are you trading stocks that are in the dow and sp?
[
[12:50] {dino} fmcn drops
[12:51] {judijim} we still have problem of exiting too soon
[12:51] {kazaam} mmmm, clf and anr are so good to me, makes me want to compose a song for them
[12:52] {kazaam} but of course, vad will have to sing it
[12:52] {kazaam} i am no singer
[12:53] {Threei} you don't want to be around when I siign
[12:53] {Threei} sing
[12:53] {Threei} people have been known to break down windows trying to get out of the zone of horror
[12:54] {judijim} yesterday, we got out at over 1000 dollars in ten minutes and then watched the rise another 2700 dollars in another 20 minutes
[12:55] {judijim} all done by 7:20 am yesterday morning
[12:56] {Threei} FMCN small shares short IF breaks down .40
[12:57] {Threei} .55 stop
[12:58] {dino} want it long off of 22.60
[12:58] {Threei} yup, if breaks .60 likely to bounce
[12:58] {Threei} wait, 22?
[12:58] {Threei} or 23?
[12:59] {dino} 22.60 waiting for it
[12:59] {Threei} oh OK, misunderstood you
[12:59] {dino} most likely won't happen, but lets see
[13:05] {judijim} signing off , have a great day everyone
[13:06] {Threei} take care jj, thanks for sharing
[13:06] {dptl} ty judi
[13:07] {kazaam} tks, cya tomorrow
[13:08] {dino} cya jj
[13:08] {Threei} no worky
[13:11] {magoo} good deal jj:)
[13:11] {dino} sm l fmcn .60 stop lod
[13:30] {dino} cavm sm l .80
[13:32] {Threei} RMBS
[13:32] {Threei} .41 long
[13:32] {Threei} .29 stop
[13:50] {Threei} no worky
[14:00] {dino} fmcn stop to b/e
[14:11] {dino} good thing, fell fast
[14:16] {Threei} wow
[14:17] {Threei} watched FRE trying to determine whether it's time to short
[14:17] {Threei} when it dropped before my very eyes almost 20 cents in no time
[14:18] {kazaam} here comes oil
[14:21] {Threei} FORMER FED PRESIDENT POOLE SUGGESTS THE GSES SHOULD BE NATIONALIZED - TV INTERVIEW
[14:21] {Threei} - follows comments he made overnight that the GSE's are "insolvent" and are increasingly likely to need a bail out
[14:21] {Threei} Y
[14:21] {Threei} I
[14:21] {Threei} K
[14:21] {Threei} E
[14:21] {Threei} S
[14:21] {Threei} is this waht oil reacted to?
[14:22] {Threei} seeing nationalizing of FRE/FNM as hugely inflationary step?
[14:25] {dino} don't really know what to make of it, other than the mortgage guarantees are good
[14:25] {Threei} implications are too deep and wide
[14:25] {Threei} I wouldn't even try to analyze them on the go
[14:25] {Threei} huge new debt taken on, one side
[14:25] {Threei} motrgages salvation on another
[14:26] {Threei} jeez
[14:26] {Threei} look at USO
[14:26] {dino} iran tensions
[14:28] {Threei} are there any new news on that?
[14:28] {Threei} I don't see anything
[14:29] {dino} 1:54, oil rebounds as iran tensions flare
[14:29] {cosmo} maybe this is the day before free energy disclosure?
[14:31] {dino} cavm approaching original target
[14:31] {dino} fmcn i mean
[14:33] {dino} i was thinking on oil, last year cost me $3,600 to heat my house, this year $7,200?
[14:33] {Threei} easily
[14:33] {Threei} if not more
[14:34] {Threei} there is till time left before winter for prices to increase
[14:34] {dino} crazy, few years ago it was only $2k
[14:35] {dino} wynn lod
[14:35] {Chaeron} move near me...
[14:36] {Chaeron} turned on furnace only a few times
[14:36] {Chaeron} last winter
[14:36] {Chaeron} and not even turned on ac so far this summer :)
[14:38] {Raven} 3 switch to nat gas dino
[14:38] {dino} thinking about it raven. just signed some leases w/chesapeake
[14:39] {Raven} 3 $700 to heat my house last winter
[14:39] {Raven} 3 and we're as cold as you guys
[14:39] {Raven} 3 maybe colder
[14:39] {dino} gas?
[14:39] {Raven} 3 yup]-]
[14:39] {Chaeron} good idea Raven... seriously
[14:39] {dino} sm l wynn .00
[14:40] {Raven} 3 OIl heat is a killer
[14:40] {dino} hmmmmmmm, must lokk into this
[14:40] {dino} look
[14:41] {dino} raven, if i may ask, square footage of your house?
[14:42] {Raven} 3 about 2700 ... first floor and finished basement
[14:42] {dino} ok, ty
[14:42] {Raven} 3 very well insulated also
[14:42] {dino} you don't heat basement do you? i have radiant in the floor but don't use it in basement, always constant 64
[14:43] {Raven} 3 absolutely heat basement ... 100% .... office down here
[14:43] {dino} lol, i see
[14:44] {Raven} 3 rebuilt the whole damn house in 2000 and switched to nat gas
[14:44] {Raven} 3 windows, doors, roof , siding ... whole damn mess
[14:44] {cosmo} move to AZ while its cheap
[14:45] {Raven} 3 that is in back of my mind cosmo ... more and more
[14:45] {cosmo} :)
[14:46] {Raven} 3 trouble is ya can't give a house away in this miserable state
[14:48] {cosmo} they're all miserable...
[14:48] {Raven} 3 lol ... not like Michigan
[14:48] {Raven} 3 land of the former auto industry
[14:48] {dino} ouch
[14:49] {Raven} 3 high paid union workers with no jobs
[14:49] {Raven} 3 high taxes on business
[14:49] {Raven} 3 great environment for growth
[14:49] {cosmo} what crop?
[14:49] {dino} yeah right
[14:50] {Raven} 3 marajuana ?
[14:50] {cosmo} four more years...
[14:51] {Raven} 3 read my lips
[14:51] {dino} wynn stopped
[14:54] {Threei} end of the world is back on agenda
[14:54] {Threei} US DOD OFFICIAL: IT APPEARS IRAN LAUNCHED ONLY ONE MISSILE TODAY
[14:54] {Threei} - reminder: Iran test fired four missiles yesterday as its war games continue
[14:55] {Threei} CNBC'S BERTHA COOMBS NOTING A TECHNICAL LEVEL AT $138 WAS REACHED, SENDING CRUDE HIGHER INTO THE CLOSE
[14:55] {Threei} ahhh... it's Bertha
[14:56] {Raven} 3 Bertha baby !
[14:56] {Raven} 3 sigh
[14:57] {dino} perfer becky
[14:58] {Raven} 3 right
[14:59] {Threei} now main question is,
[15:00] {Threei} do shorts cover into close or do longs bail?
[15:01] {patience} short covering...rally starting monday
[15:01] {Threei} wow... we have optimist among us
[15:02] {patience} yes, but i thought the u.s. would lower their rate....was very hopeful, lost the bet and have to buy blueberries for someone
[15:02] {Threei} someone was very happy
[15:02] {Threei} ask me how I know
[15:02] {patience} ?
[15:03] {Threei} I saw happiness in someone's eyes when looked in the mirror
[15:03] {Chaeron} vampires don't have reflections......
[15:03] {patience} roflol
[15:03] {Threei} for other people...
[15:03] {dino} ok, do we see the classic dino rinse on wynn
[15:03] {Threei} they cansee themselves though
[15:04] {Threei} (ask me how I know)
[15:04] {Chaeron} ok ok... "How do you know that Vad?"
[15:04] {Threei} lol
[15:10] {Raven} 3 Dow switching positions as fast as Obama and McCain
[15:12] {Threei} for all this hoopla, Dow and COMP are slightly green, futs asre slightly red
[15:15] {dino} crazy summer market
[15:15] {patience} no kidding
[15:15] {Threei} first in my trading career
[15:15] {patience} where' raven, he's traded longer than us
[15:16] {Raven} 3 I are here
[15:16] {dino} darn fmcn didn't fill my 22.60 order
[15:16] {patience} when was the market last like this....
[15:17] {dino} 2000\
[15:17] {Raven} 3 never was ... all markets slightly different
[15:17] {Threei} very valuable
[15:17] {cosmo} it never changes
[15:17] {Threei} come on Raven
[15:17] {Threei} tell us... ever seen summer market as active as this?
[15:17] {Raven} 3 sure
[15:17] {cosmo} last year
[15:18] {Raven} 3 most recently in the bull of 1990's
[15:18] {Raven} 3 lotsa action in summers then
[15:19] {Threei} maybe I've forgotten... my impression is there was significant slowdown
[15:19] {Raven} 3 ya gotta go back, year by year ... and that is tedious
[15:20] {Raven} 3 I remember some summers in the 1970's when things were very active
[15:20] {Raven} 3 of course the NYSE oinly traded 10 million shares a day ... lol
[15:20] {Raven} 3 all relative
[15:21] {cosmo} all on the phone too
[15:21] {Raven} 3 rofl
[15:22] {Raven} 3 thx cosmo
[15:22] {cosmo} :)
[15:22] {Raven} 3 prolly cell phones too
[15:22] {cosmo} hmm
[15:23] {cosmo} quotrek maybe
[15:23] {cosmo} nah
[15:23] {cosmo} too soon
[15:23] {Raven} 3 this market could stand a little comedy for a change ...
[15:24] {Raven} 3 frickin' gloom gets old after a while
[15:24] {Threei} no way
[15:24] {cosmo} we need change
[15:24] {Threei} end of the world is always fun stuff
[15:25] {Threei} just remember all the fun we had with Y2K
[15:25] {Raven} 3 36000 on the DOW more fun though
[15:25] {Threei} that I'll have to agree with
[15:25] {Raven} 3 Y2K ... yes ... did we survive it ?
[15:26] {Threei} not sure
[15:26] {Raven} 3 checking
[15:26] {Threei} but the way I think of it is,
[15:26] {cosmo} not yet anyway
[15:26] {Threei} as gloomy as things are right now
[15:26] {Threei} imagine the magnitude of relief if/when we finally are out of the woods
[15:27] {Threei} market will skyrocket on relief alone
[15:27] {patience} what year are you thinking that will be vad?
[15:27] {Threei} and if we never do get out of the woods... it's the end of the world anyway, who cares
[15:27] {Threei} we will have to live off the land
[15:27] {Threei} hmmm
[15:27] {Raven} 3 ohmygod
[15:27] {cosmo} we'll always have gravity
[15:28] {Raven} 3 is that like gravy ?
[15:28] {Threei} don't know what year... but it feels tio me that whenever reversal comes, it won't be of that standard capitulation and V-bottom kind
[15:28] {Threei} rather slow grind
[15:28] {dino} think so too, people will just give up
[15:28] {Chaeron} like pulling up on the stick of an airplane in a steep dive?
[15:29] {Chaeron} and the pilot can see the whites of the eyes of that mountain goat he's about to hit?
[15:29] {Threei} lol
[15:29] {dino} hadn't really thought about that
[15:29] {Threei} plate-shaped bottom
[15:29] {Threei} if I may say so
[15:30] {Raven} 3 mountain goats ... plates ... sheesh
[15:30] {Threei} we have vivid imagination
[15:30] {Chaeron} where else you get this type of entertainment?
[15:30] {Chaeron} other than when you drink half a bottle of tequila or vodka that is
[15:31] {Raven} 3 I was thinking that
[15:32] {Threei} tepmted to short FRE
[15:32] {Chaeron} I'm ready....
[15:32] {Threei} market is locked in narrow range
[15:33] {Threei} need it to break
[15:33] {Chaeron} .87?
[15:33] {Threei} can't tell really, it's more about market move than about technical levels on a stock
[15:35] {Threei} in
[15:35] {Threei} 8.01 stop
[15:38] {Threei} come on, let's see good old-fashioned panic into close
[15:39] {Threei} who wants to own this stock overnight
[15:42] {Chaeron} thought no overnights
[15:42] {magoo} not me..done for day..TY
[15:43] {Threei} no... I mean, who would want to hold it, sell into oblivion :)
[15:47] {Threei} all this barrage of bad news followed by worse followed by worst
[15:47] {Threei} and we close flat to green
[15:48] {Threei} financials, oil spike, Irna firing something somewhere
[15:48] {Threei} oh, and Bertha
[15:49] {patience} it was a good day for fertilizers, gold and oil, i'm not complaining :)
[15:49] {Threei} not complaining either
[15:49] {Threei} just wondering... with such resilience, maybe end of the world is canceled again
[15:51] {Threei} no end of day dumping either
[15:55] {dino} yet
[15:55] {Threei} yeah, a lot can happen in 5 min these days :)
[15:57] {Threei} lol... up into close
[15:58] {magoo} good nite
[15:58] {Threei} all indices and futs green
[15:58] {Threei} take care magoo
[15:58] {Threei} OK guys, have a good evening
[15:58] {Threei} see you tomorrow
[15:59] {dino} out cavm .61 -.19

Jul 09 2008

Session Time: Wed Jul 09 00:00:00 2008

[08:06] {Threei} EMKR
[08:06] {Threei} WINS $29M IN NEW ORDERS
[08:06] {Threei} - Announced that it entered into two definitive supply agreements for solar cell receivers in June 2008 with a total value of approximately $29 million.
[08:06] {Threei} - These supply agreements incorporate advance deposits to ensure production priority for these customers. The end applications for the product to be delivered range from solar farm to commercial rooftop installations employing Concentrating Photovoltaic (CPV) technology.
[08:37] {judijim} good morning to you all
[08:37] {Threei} jj :)
[09:02] {magoo} morning
[09:03] {tomg} gm all
[09:04] {fernp} Good morning
[09:07] {Threei} magoo, tom, fern :)
[09:09] {dptl} good morning all
[09:10] {Threei} dp :)
[09:12] {Threei} RTEC
[09:12] {Threei} Q2 REVENUE TO EXCEED GUIDANCE, TO BE ABOVE $38M V $36.5ME, EPS GUIDANCE UNCHANGED V -$0.03E
[09:12] {Threei} - The Company now anticipates quarterly sequential revenue growth in Q308
[09:12] {Threei} VVUS on watch for pullback or consolidation/break entry again
[09:14] {Threei} RMBS round two or what
[09:14] {Threei} and no news again??
[09:15] {dino} gm all
[09:15] {Threei} dino :)
[09:18] {dino} :)
[09:24] {GeoArb} gm
[09:25] {Threei} geo :)
[09:28] {magoo} might be a solar dayy vad, my watch list is green
[09:28] {Threei} they got whacked yesterday with oil
[09:29] {Threei} I'd think they are tied again
[09:29] {magoo} tied+tired?
[09:29] {magoo} or connected to oil
[09:30] {Threei} connected to oil
[09:30] {Threei} this connection goes on and off... yesterday hinted we are in on stage
[09:33] {Threei} RMBS .80 break long, stop under .75
[09:34] {Threei} take profit
[09:34] {magoo} to fast'
[09:35] {tomg} thanks vad
[09:35] {Threei} :)
[09:35] {dptl} out +.22 ty
[09:36] {Threei} welcome
[09:36] {magoo} wow...must be me then
[09:37] {Threei} or tom and dp took all there was... tell them to share, what's with 10K lots
[09:37] {tomg} only 400 :)
[09:37] {Threei} and dp 9600... there you have it
[09:37] {dptl} lol...i wish
[09:38] {esemde} good morning....limited connectivity but coming to you from Lake of the woods Canada...nothing but islands and water out in front of us
[09:38] {Threei} hi ese :)
[09:39] {esemde} morning Vad.....
[09:39] {Threei} SOLF
[09:39] {Threei} .81 long
[09:39] {Threei} stop under .70
[09:41] {magoo} got that one
[09:42] {dino} rubbing it in es? lol, have fun
[09:44] {magoo} long aapl ,50
[09:44] {Threei} URRE interesting
[09:44] {Roman} 21 TITN
[09:44] {dino} ezpw, sm l .60
[09:44] {magoo} out .16 here
[09:44] {magoo} +.66
[09:44] {Threei} SOLF stopped
[09:45] {dptl} stopped solf
[09:45] {magoo} figures
[09:47] {Roman} 21 WB
[09:47] {Roman} 21 long small 15.70
[09:48] {Roman} 21 stop under 15.50
[09:49] {Threei} sheesh... forgot about VVUS on pullback to 8
[09:49] {dptl} out another rmbs +.24
[09:49] {Roman} 21 out WB +.01
[09:50] {Roman} 21 ROYL looking for scalp
[09:53] {Threei} VVUS .25 long if stays above .15
[09:55] {Threei} URRE
[09:55] {Threei} 2.92 long if stays above 2.80
[09:55] {Threei} feels like runner in the making
[09:55] {Roman} 21 long WB here
[09:56] {Roman} 21 15.12
[09:56] {Roman} 21 stop 14.95
[09:57] {Roman} 21 out WB +.03
[09:57] {Threei} SQNM again
[09:57] {esemde} solar news this morning??
[09:57] {Threei} nope
[09:58] {Threei} just bounce with oil I believe
[09:58] {Threei} 3 be taken URRE
[10:06] {Threei} SOLF rinsed us
[10:06] {Threei} RUSSIAN DEP PM GOVERMENT TO CUT OIL EXPORT TAX
[10:07] {dino} good
[10:07] {Roman} 21 long SOLF
[10:07] {Roman} 21 15 1/2 size
[10:08] {dptl} rmbs baby ...grabed another +.20
[10:08] {Threei} dp found his personal ATM
[10:09] {dino} gj dp
[10:09] {dptl} lol waiting for urre....... ty
[10:12] {Threei} wow
[10:12] {Threei} TV just said there is shortage of beer in Winnipeg
[10:12] {Threei} ese... what did you do??
[10:17] {dino} wow es
[10:17] {Roman} 21 out 1/2 SOLF +.37
[10:17] {dino} sm l fwlt .98
[10:18] {Threei} good one Roman
[10:18] {Threei} SOLF was kinder to you than to me
[10:18] {Roman} 21 a bit better than +.01 +.03 on WB
[10:19] {Roman} 21 actually spotted nice WB bounce but did not stay
[10:19] {Roman} 21 pus
[10:20] {dptl} urre stop the same under .80??
[10:21] {Threei} yes
[10:21] {dptl} ty
[10:22] {Roman} 21 WM
[10:23] {Roman} 21 interesting
[10:32] {Threei} oil numbers in a few
[10:35] {Threei} OE CRUDE: -5.8M V -2ME
[10:35] {Threei} GASOLINE: +900K V +100KE; DISTILLATES: +1.8M V +2ME;
[10:36] {dino} sm risky s ttes .00
[10:37] {dino} gappy
[10:42] {Threei} LEH
[10:42] {Threei} 22 break long
[10:42] {Threei} .84 stop
[10:42] {magoo} in
[10:45] {Threei} market tripped of something again
[10:46] {Threei} held .85 with remarkable precision
[10:46] {dino} ttes stopped -.50 that sucked
[10:46] {magoo} really
[10:47] {dino} indeed, the f'r popped .45 on my entry. my timing is off lately
[10:48] {magoo} starting to feel the new curse is vad magoo..not chaer magoo
[10:49] {Threei} nope... it's magoo alone
[10:49] {Chaeron} Good morning all
[10:49] {Threei} RMBS which you haven't taken worked, right? :)
[10:49] {Threei} chaeron :)
[10:49] {Chaeron} and yes I'm in LEH
[10:49] {Threei} there you go
[10:50] {dptl} ah stopped leh
[10:50] {magoo} right..missed rnmbs
[10:50] {dino} left
[10:53] {Chaeron} and yes I stopped
[10:56] {Chaeron} tired of getting rinsed
[10:58] {dino} same here chaer, rinses all over lately
[11:01] {dino} praa
[11:01] {dino} leap
[11:05] {GeoArb} fwlt
[11:06] {dino} i it sm
[11:06] {dino} in
[11:06] {dino} swing
[11:07] {dino} chaer, ttes example of above sheesh
[11:09] {Chaeron} feel ya
[11:15] {Threei} RMBS two days chart looks like someone's wierd idea of a joke
[11:18] {Threei} in LEH for a scalp .63
[11:20] {dino} sm l leap .10
[11:21] {Threei} out .82
[11:21] {tomg} nice one vad, ty
[11:21] {Threei} +.19
[11:22] {Threei} welcome
[11:22] {Threei} now, let's see... magoo? chaeron?
[11:23] {Chaeron} nope... sorry
[11:23] {Threei} FNM
[11:23] {Threei} DISCUSSES PLANNED INCREASE IN MULTIFAMILY INVESTMENTS
[11:23] {Threei} - Will expand liquidity, stability and affordability by increasing its participation in key segments of the multifamily market. The company also announced that it has invested $20B in multifamily housing in the first half of 2008, further reinforcing Fannie Mae's leadership in the multifamily market.
[11:23] {Threei} - Fannie Mae is increasing its commitment to purchase Small Multifamily Loans of up to $3M, or $5M in certain markets. These loans typically finance a uniquely affordable asset class consisting of properties that are located in urban areas near public transportation and serve working families. The company invested approximately $5B in Small Loans in the first half of 2008, a significant increase over 2007 mid-year production of $3B. Production includes both pool purchases and flow business.
[11:23] {magoo} nope here
[11:23] {Threei} there you go... curse is intact
[11:24] {magoo} so at very least thank me and chaer
[11:24] {Chaeron} my thoughts exactly
[11:24] {Threei} that assumes I am a polite one...
[11:26] {magoo} i meant Tom
[11:26] {Threei} lol, you gave up on me I take it?
[11:26] {magoo} BINGO
[11:26] {Chaeron} we just know better
[11:26] {Threei} :)
[11:28] {tomg} ty magoo, chaer :))
[11:29] {Chaeron} my pleasure Tom... great job
[11:29] {Threei} see... on tom you can count
06[11:29] * Chaeron slaps Threei around a bit with a large trout
[11:29] {Threei} in politeness department
[11:29] {tomg} trying to do better in that department :)
[11:30] {Threei} if you don't slap people in response to "good morning" you already outdid me
[11:30] {tomg} ha! ok :)
[11:31] {Threei} nsiled bottom on LEH to the cent... didn't hold long enough
[11:32] {tomg} me either, but happy with scalp
[11:35] {Chaeron} next?
06[11:37] * magoo slaps Chaeron around a bit with a large trout
[11:37] {magoo} next slap correct?
[11:41] {magoo} long aaplk .50
[11:44] {Threei} ACOR small shares .50 break long
[11:45] {Threei} stop under .30
[11:45] {magoo} stopped .04
[11:53] {Threei} invalidated
[11:54] {dino} ezpw stop to b/e
[11:58] {Threei} SQNM half lot long .60 if stays above .45
[11:59] {magoo} can chaer and i take it??
[11:59] {Threei} 10K only
[11:59] {dptl} ok,then i pass
[11:59] {Threei} invalidated anyway :)
[12:00] {Chaeron} I like it better when Threei says ":double position" over half lot...
[12:01] {Threei} actually, there were no prints under .45
[12:02] {Chaeron} so it's on again?
[12:02] {Threei} yeah
[12:04] {dino} sm l dwsn .65
[12:06] {Threei} market loses steam again...
[12:07] {dptl} come on urre
[12:07] {magoo} vad,look at qqqq chart..big volume on that red bar
[12:08] {Chaeron} what the.... SQNM
[12:09] {Threei} volatile one... that's why half lot
[12:09] {magoo} sh rimm loss of 121\
[12:14] {magoo} in
[12:17] {magoo} saw .80..waiting .65
[12:17] {dino} captain cavman blood
[12:17] {dino} cavm
[12:19] {magoo} stiopped rimm
[12:19] {magoo} mkt killed it
[12:20] {Threei} meaningless up and down in the market
[12:20] {Threei} won't alllow any play develop
[12:20] {dino} sm l cavm .59
[12:27] {Threei} URRE moves more or less in synch with oil
[12:28] {Threei} it held above support and forms tighter consolidation to 3
[12:28] {Threei} but whether it's going to break will ultimately depend on oil
[12:39] {Threei} US OFFICIAL SAYS THE IRANIAN RESPONSE TO OFFER SHOWS THE COUNTRY IS LOOKING FOR COMMON GROUND ON THE ISSUE
[12:39] {Threei} I guess that's why oil skyrocketed and market dropped?
[12:44] {kazaam} chop non stop, even a leg down cant go without some chop
[12:44] {Threei} I guess summer shows
[12:45] {Threei} it's the most active summer I've ever seen, but choppiness is there
[12:45] {Chaeron} so I can just go and come back after Labor day? :)
[12:45] {Chaeron} ohh nevermind
[12:45] {patience} sure chaeron, just leave your money with me to look after until then
[12:45] {Threei} and if oil bubble bursts while you are away? imagine the size of rally you are going to miss
[12:46] {Threei} I'll be back in 40 min or so guys, gotta run little errand
[12:50] {Chaeron} patience... that's a winning idea
[12:50] {patience} better pop up to victoria to drop the money off...
[13:02] {dino} cavm stopped
[13:11] {dino} chaer, cavm same thing again
[13:11] {dino} i need a vacation
[13:12] {Chaeron} I noticed... and agree with your prescription for myself as well
[13:12] {dino} :)
[13:37] {kazaam} if i could just make money on picking plays that will move the least, I would be a billion dollar man this week
[13:40] {dino} lol
[13:40] {dino} starting to think i must widen my stops
[13:41] {dino} cavm.........ohhhh mannnnnn
[13:49] {Threei} back
[13:49] {Threei} missed anything?
[13:49] {fernp} difficult times
[13:49] {dino} yeah, another rinse
[13:49] {magoo} nah
[13:49] {Threei} ummm
[13:50] {Threei} thought of LEH of 21 when leaving
[13:50] {Threei} but it went there and bounced wqithout me
[13:55] {Threei} URRE is merrily sleeping
[13:55] {dptl} yeah....all day.....
[13:56] {Threei} lol... while I was away:
[13:56] {Threei} CUT AT S&P TO CCC FROM B
[13:56] {Threei} IMB
[13:57] {Threei} it trades like total pink sheet already, what's left to cut
[14:00] {Threei} URRE at the breakeven point
[14:01] {Threei} I can't make much out of it, if you are tired of holding, scratch it even
[14:01] {Threei} chances of it working are the same as getting stopped out
[14:01] {Threei} roll a dice and decide
[14:14] {Threei} RIMM pullback closer to .50 for long
[14:16] {magoo} 121.50?
[14:16] {Threei} yes
[14:16] {Threei} NQ pulling back
[14:18] {Threei} watch NQ now for bounce to grab RIMM
[14:18] {dptl} out urre -.02
[14:20] {Threei} in
[14:20] {Threei} .33
[14:20] {Threei} stop .15
[14:21] {Threei} come on NQ, spring back
[14:22] {Threei} grrr
[14:22] {Threei} no go
[14:23] {Threei} second try
[14:23] {Threei} in .95
[14:24] {Threei} stop under .80
[14:24] {Threei} out .25
[14:25] {Threei} what a jerky market
[14:32] {dino} ya think?
[14:32] {Threei} LEH .81 long, .74 stop
[14:35] {dptl} ahh stopped leh
[14:36] {Threei} should dive closer to .50 for betgter bounce chance
[14:38] {judijim} siging off for today, cleared $1030 for today, we're here everyday but not always in the market. Be back tomorrow.
[14:38] {Threei} good job jj
[14:39] {dino} gj jj
[14:42] {Chaeron} in LEH @ .59
[14:46] {Chaeron} guess I scared everyone away.....
[14:47] {Threei} FRE drop is weighing on it
[14:53] {dino} well so much for yesterdays' rally
[14:53] {Threei} end of thhe wrold again
[14:53] {Chaeron} stopped -.20
[14:54] {Threei} FNM maybe better candidate for bounce if holds 16
[14:55] {Threei} nope, not holding
[14:55] {Threei} FRE
[14:55] {Threei} TICKING LOWER, HEARING VAGUE RUMOR OF LARGE BLOCK BEING SHOPPED
[14:55] {Threei} - Reminder Cramer made cautious comments in various financial names including FNM and FRE on his Stop Trading segment on CNBC
[14:55] {Threei} and that's the reason?
[14:56] {Threei} vague rumor of large block?
[14:56] {Threei} going to try FNM
[15:00] {kazaam} tex l .05
[15:04] {kazaam} half +.10, half BE
[15:04] {Threei} panic in financials
[15:04] {dino} maybe the =250 today
[15:04] {Chaeron} end of world party vad?
[15:04] {Threei} yes sir
[15:04] {Chaeron} yea!!!!!
[15:04] {kazaam} at least we get a party with the end of the world, that counts for something
[15:05] {Threei} yes, but just two days ago we had three a day
[15:05] {Threei} and today just one
[15:06] {dino} vad, forever unsatisfied
[15:06] {dino} leap stop to b/e
[15:13] {Threei} big bounce FNM
[15:14] {dino} fre at 10, wow
[15:16] {Threei} we need a nice clearance sale
[15:16] {Threei} not one day capitulastion wannabe
[15:16] {Threei} good sizeable selloff taking out the opverhead
[15:16] {Threei} then we can have real rally
[15:26] {dino} unless it just wears everybody out
[15:27] {Threei} and they all stop playing at all?
[15:27] {dino} isn't that how bear markets end, when nobody cares/pays attention
[15:27] {Threei} one of versions, yes
[15:29] {magoo} oitswearing me out..spinning my wheels
[15:33] {Threei} it is tiresome
[15:33] {Threei} but think of it in dino's terms
[15:34] {dino} out leap .50, +.40
[15:34] {Threei} when you shrug and turn away... that's exactly the moment when things change
[15:35] {dino} i'm feeling that way
[15:35] {Threei} it's not a first time we go through churning periods, right?
[15:35] {Threei} they always were followed by big reward periods
[15:35] {dino} yes
[15:35] {Threei} and this churn served as great educational environment
[15:36] {dino} just disappointed in myself last few days
[15:36] {dino} my buy dips -6% sell rips +6% failed me
[15:36] {Threei} if you learned to keep your bacon safe during this chop chop
[15:36] {magoo} me too dino..down mon..up tues..down wed
[15:36] {Threei} normal market rewards you greatly when it finally comes
[15:37] {dino} at least the sun is shining, tee time in 50 minutes
[15:38] {dino} up today, but only 250
[15:38] {Threei} new dump FRE
[15:39] {Threei} peeplz are skeered
[15:39] {dino} brutalc at 52 week lows too
[15:39] {dino} make that multi year lows
[15:40] {Threei} yeah
[15:40] {Threei} wow
[15:41] {magoo} bullish level lowest since 1994
[15:41] {dino} here comes -200
[15:41] {dptl} ah..out fre +.59 ....short
[15:42] {Threei} gj
[15:42] {dino} gj dp
[15:42] {Chaeron} great dp
[15:42] {dptl} ty...still down a bit...really tought these days
[15:42] {Threei} with all this selloff we are still solidly above march lows
[15:43] {Threei} still got ways to go I guess
[15:44] {Threei} who knows, maybe PPT really is a myth? :)
[15:44] {dino} dji low monday 11120, ndx low1799
[15:45] {Threei} I mean, looking at FRE, FNM, LEH... hard to imagine more worthy cause to intervene
[15:45] {dino} it is a myth
[15:45] {dino} -226
[15:45] {Threei} ugh dino
[15:45] {Threei} so cold and cruel... I liked that warm and fuzzy feeling that there is an entity that would protect us...
[15:46] {Threei} from ourselves
[15:46] {dino} 261 point range day
[15:48] {Threei} new low FRE
[15:49] {dino} i had to tell magoo, if markets and trading don't improve, we are switching from miller lite to pabst blue ribbon
[15:50] {dino} wow fre 67 to 9 on a gse, who would've thought
[15:58] {dino} flow dump
[15:58] {Threei} dino... see the time? :)
[15:59] {Threei} FED'S HOENIG: THERE IS ROOM TO MOVE UP FROM CURRENT 2% INTEREST RATES WITHOUT BECOMING 'TIGHT'
[15:59] {Threei} ugh
[15:59] {Threei} shorted .50 FNM
[15:59] {Threei} then decided to close to eod and covered .43
[16:00] {Threei} OK guys
[16:00] {Threei} one more day of churn
[16:00] {magoo} sigh
[16:00] {dino} -242 lod
[16:00] {dptl} have a good evening all
[16:00] {magoo} whren goodday conmes vad...u gotta go like a m,adman
[16:00] {dino} lower low ndx
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {magoo} hw u like that typing?
[16:02] {dino} thx all, gotta hop
[16:02] {Threei} vat tipyng?
[16:03] {magoo} [16:00] {magoo} whren goodday conmes vad...u gotta go like a m,adman
[16:03] {magoo} gotta be one of my worste
[16:03] {Threei} if you say so... I am sure I've seen you hitting much lower lows :)

Jul 08 2008

Session Time: Tue Jul 08 00:00:00 2008

[08:01] {Threei} FED CHAIRMAN BERNANKE: CONGRESS MAY NEED TO GRANT THE FED GREATER OVERSIGHT OF FINANCIAL INDUSTRY
[08:22] {esemde} morning Vad....
[08:22] {Threei} good morning ese
[08:23] {esemde} catching a plane this morning for ....Winnipeg
[08:24] {Threei} mosquito net
[08:24] {Threei} pack two
[08:24] {esemde} will be driving right by your place on the highway and will chuck all last nights emplty botles of wine over barracade onto your lawn.....couldn't make it to the exchange yesterday
[08:25] {Threei} hehe
[08:25] {Threei} when are you back?
[08:26] {esemde} 19th
[08:26] {Threei} correction... pack four
[08:26] {esemde} my uncles cabin suposedly has wireless internet
[08:27] {esemde} hopefully will be online with you all tomorrow
[08:27] {Threei} cool :)
[08:27] {Threei} there will be very interesting market nearest time
[08:28] {esemde} my how times have changed.....wireless internet out on Lake Of The Woods Ontario
[08:28] {esemde} did you ever get to Kenora to visit?
[08:28] {Threei} Lake of the Woods became quite a fancy pl;ace for many high rollers
[08:28] {Threei} oh yeah
[08:28] {Threei} lovely spot
[08:29] {esemde} your correct
[08:29] {esemde} it was a place for high rollers at one time
[08:29] {Threei} a lot of US residents bought cabins over there
[08:29] {Threei} especially at times when CAD was in a crapper
[08:30] {esemde} I remember the 3M company had a beautiful yacht on the lake
[08:36] {esemde} was called The Grace Ann 2 http://www.graceanne.com/history.asp
[08:38] {Threei} FRE and FNM on radar
[08:38] {Threei} FED'S LOCKHART: FRE AND FNM ARE ADEQUATELY CAPITALIZED - CNBC INTERVIEW
[08:39] {magoo} morning
[08:39] {Threei} magoo :)
[08:40] {esemde} mags....
[08:44] {magoo} we close flat yesterday, can't recall {sigh}
[08:48] {magoo} vad, news RIMM?
[08:48] {GeoArb} gm
[08:49] {Threei} Geo :)
[08:49] {Threei} from yesterday aftermarket, plans to sell Blackberry in Japan
[08:51] {magoo} lets keep an eye on it ok?
[08:51] {magoo} 122 on last wed
[08:51] {magoo} 148 high
[08:51] {Threei} as much as I tempted to say "no" just in spite... I will :)
[08:52] {Threei} IMO, RIMM will take backstage as market leader these days,
[08:52] {Threei} focus will be on financials
[08:53] {Threei} which makes it tradeable candidate as we have leading indicator for it
[08:56] {magoo} has room to run imo....122 easy target
[08:56] {magoo} just needs mkt help
[08:56] {Threei} if market recovers
[08:58] {Threei} main challenge these days is to define a leadership in the market
[08:58] {Threei} it changes all the time, sometimes even on hourly basis
[08:58] {Threei} I mean, a few days ago oil was clear leader
[08:59] {Threei} yesterday financials overtook
[09:01] {fernp} Good morning
[09:01] {Threei} fern :)
[09:01] {Threei} RICK
[09:01] {Threei} REPORTS Q3 NIGHTCLUB +93% Y/Y
[09:02] {judijim} good morning everyone
[09:02] {Threei} jj :)
[09:02] {Threei} BRCM is on watch too
[09:06] {dino} gm all
[09:06] {Threei} dino :)
[09:09] {dino} rick, one of my old favs.
[09:10] {dino} fnm, fre starting to sound like bear sterns
[09:10] {Threei} all financials do :)
[09:11] {Threei} I doubt they have any chance to follow the same path though
[09:11] {dino} not so sure, wipe out the common... could happen
[09:15] {cosmo} The proletariat?
[09:17] {dino} lol
[09:17] {Threei} lol
[09:19] {esemde} Kentucky Drby winner Proletariat
[09:19] {esemde} ??
[09:27] {Threei} where is Chaeron, news on his favorite stock
[09:27] {Threei} ZIXI
[09:27] {Threei} PROVIDES CORPORATE UPDATE, AFFIRMS Q2 GUIDANCE
[09:28] {dptl} good morning all
[09:29] {cosmo} BPHX
[09:29] {Threei} dp :)
[09:32] {Threei} FRE off .40 - .50
[09:32] {cosmo} BPHX should hold 4.60
[09:33] {Threei} finger on a trigger
[09:33] {magoo} long right?
[09:33] {Threei} yes
[09:33] {Threei} a bit too deep...
[09:33] {Threei} waiting for now
[09:34] {Threei} .21 long
[09:34] {Threei} stop under 12
[09:35] {Threei} stopped
[09:36] {Threei} rinse
[09:37] {Roman} 21 long WB off 13.80
[09:38] {cosmo} BPHX tests 4.60
[09:38] {Roman} 21 in WB stop under 13.70
[09:39] {Threei} 11.90 support for FRE so far
[09:39] {Threei} 12 break for double bottom with .89 stop
[09:40] {Roman} 21 stopped WB -.11
[09:40] {Threei} over 1:1
[09:40] {Threei} half out .15
[09:41] {dino} artc sm l .39, stop lod
[09:42] {Threei} stop to .95
[09:42] {dino} cog sm l .30, stop .96
[09:43] {Threei} BRCM .75 long if stays above .60
[09:43] {Threei} 1/4 more out FRE .29
[09:44] {Threei} 11.99 stop
[09:45] {magoo} in with u vad
[09:46] {magoo} out now lol TY
[09:51] {dino} cog stopped -.34
[09:57] {Threei} LEH 20 break long if stays above .90
[09:58] {Threei} if loses it, look for dump closer to 19.50
[09:58] {dino} biib
[10:00] {Threei} MAY WHOLESALE INVENTORIES: 0.8% V 0.7%E
[10:00] {Threei} MAY PENDING HOME SALES (M/M): -4.7% V -3.0%E
[10:00] {Threei} - prior revised from 6.3% to 7.1%
[10:02] {Threei} here comes LEH dump
[10:04] {dino} artc gap stopped -.39
[10:04] {Threei} not taking LEH here
[10:05] {Threei} lost support invalidating long setup, but didn't sell deep enough
[10:05] {Threei} kind of not here not there
[10:07] {magoo} RIMM 118 easy {but risky} i am in 0off .18
[10:08] {esemde} am outta here for the day.....see you all tomorow ...hopefully
[10:08] {magoo} ES:)
[10:08] {Threei} take care ese, safe trip
[10:09] {magoo} out here .90
[10:09] {Threei} wtg
[10:09] {magoo} theres 118
[10:09] {magoo} was .40 area when iposted
[10:10] {Threei} ok LEH... fooled us
[10:10] {magoo} market hurt thje trade vad...was pulling back when we took it
[10:11] {dptl} erii?
[10:11] {Threei} recent IPO
[10:11] {Threei} risky
[10:11] {Threei} but probably worth a try on break
[10:11] {dptl} yeah
[10:12] {dptl} missed it
[10:12] {magoo} vad, u still in friar tuck?
[10:12] {Threei} about to dump
[10:12] {Threei} out
[10:13] {magoo} u knew which i meant lol?
[10:13] {Threei} I learned magoo-speak over years {G}
[10:13] {Threei} wow
[10:13] {Threei} look at it dumping
[10:13] {Threei} no new news that I see
[10:14] {Threei} LEH too
[10:18] {Threei} IDCC
[10:18] {Threei} TICKS LOWER AFTER EVIDENTIARY HEARING COMMENCES IN ITC INVESTIGATION OF SAMSUNG'S INFRINGEMENT OF 3G PATENTS HELD BY IDCC
[10:18] {Threei} - Under the current schedule, the evidentiary hearing is expected to end on July 15, 2008. The Administrative Law Judge's final initial determination in the investigation is scheduled to be filed no later than November 25, 2008, and the target date for the Commission to render a final determination is set for March 25, 2009.
[10:20] {Threei} G8 LEADERS CALL FOR SUSPENSION IN IRANIAN URANIUM ENRICHMENT
[10:21] {Threei} ALTI?
[10:21] {Threei} what's up there?
[10:24] {cosmo} # Altair Nanotechnologies Announces Successful Grid Interconnection and Operation of Two-Megawatt Battery SystemMarketwire(Tue 7:00am)
[10:27] {magoo} markets confused here...which is adding to my confusion
[10:28] {Chaeron} GM all
[10:29] {Threei} ty cosmo
[10:29] {Threei} chaeron :)
[10:30] {magoo} (:reahc
[10:32] {Chaeron} (:
[10:36] {Chaeron} ok, I come in and all trading and talking stops... I'm gonna get a complex
[10:36] {Threei} lol
[10:37] {Threei} FRE .79 short
[10:37] {Threei} .91 stop
[10:38] {dino} feels like todays' the capit day
[10:39] {Roman} 21 i say not dino
[10:39] {Roman} 21 bet?
[10:40] {dino} sure, a brew
[10:40] {dino} -250 coming dji
[10:40] {Roman} 21 u say dow -500?
[10:41] {dino} no, -250, then big bounce
[10:41] {Roman} 21 i say
[10:41] {Roman} 21 no
[10:43] {dino} cme-13, ma-8, de-2,fwlt-3, spwr-4,nue-5, bucy-5,cpg-5, lufk-5, as mr t says, some serious pain
[10:43] {magoo} but what u saying rfr?slow death all day,powerup??
[10:43] {Roman} 21 i only say no, that's all
[10:43] {dino} the average does not reflect the market anymore
[10:43] {Threei} T. BOONE PICKENS: DO NOT BELIEVE OIL WILL EVER DROP BELOW $100/BBL
[10:44] {Threei} I say he is dead wrong
[10:45] {kazaam} rai l .02
[10:50] {Threei} VVUS?
[10:53] {Threei} anyone sees news on it?
[10:55] {fernp} Vivus: Topiramate suicidality concerns not a new risk - Rodman and Renshaw (7.46 ) : Rodman and Renshaw notes yesterday the FDA released briefing documents for the upcoming joint meeting of the Peripheral and Central Nervous System Drugs and the Psychopharmacologic Drugs Advisory Committees proposing that a black box warning be added to the labels of all anti-seizure drugs including VVUS' Topirimate
[10:56] {Threei} hmmm
[10:56] {Threei} must be something else... hard to see it going up on that :)
[10:56] {fernp} a little bit more..
[10:56] {fernp} This proposal stems from an FDA analysis that looked at 199 placebo-controlled trials of anti-epileptic drugs and indicated that there was an increased risk of suicidal thoughts and behaviors with these drugs. They note that the overall event rate in this analysis was very low with only 0.37% of patients on drug experiencing suicidality, compared to 0.24% of patients on placebo. They would be buyers of VVUS stock on any weakness this
[10:59] {Threei} what date is on this?
[10:59] {fernp} today.
[10:59] {fernp} news on briefing.com
[10:59] {Threei} wierd... my news supply doesn't have it
[10:59] {Threei} thank you
[11:00] {Threei} so... 8 break with 7.84 stop?
[11:00] {Threei} anyone feels it's a runner in the making?
[11:02] {magoo} i think its a dog
[11:03] {Threei} with fleas?
[11:03] {magoo} u betcha
[11:03] {magoo} wrong lev 2 for runner imo
[11:04] {fernp} agree with magoo. lelel 2 not convincing
[11:04] {magoo} magoo falls out oif xchair
[11:06] {Threei} ok ok... I will take it alone... (sniff sniff)... will get stopped alone... all abandoned and lonely (pass me a tissue please)
[11:08] {kazaam} man, nothing has legs for me today, everything i get in become a professional sitter
[11:09] {kazaam} out rai -.01
[11:09] {kazaam} azn l .03
[11:11] {Threei} what a dump oil
[11:15] {magoo} vad, u got a read on AAPL?
[11:16] {Threei} not really
[11:20] {Chaeron} is it summer?
[11:20] {Threei} by my calendar, yes
[11:20] {Chaeron} sorry I meant by trading :)
[11:20] {Threei} not really
[11:22] {Chaeron} must be me... tired and sluggish
[11:22] {Threei} LEH
[11:23] {Threei} this pullback should be buyable
[11:23] {Threei} .31 with stop .19
[11:25] {Chaeron} stopped
[11:25] {Chaeron} -0.14
[11:25] {Threei} did it trigger?
[11:25] {Chaeron} yes... and hit .34
[11:25] {Threei} I must have blinked
[11:26] {Chaeron} you only get to blink after market
[11:35] {Threei} wow ERII
[11:35] {Threei} dp, why didn't we just buy and close our eyes
[11:36] {dptl} yeah...looking at it:)
[11:41] {Threei} US TREASURY REPORTEDLY HAS FROZEN 4 IRANIAN GROUPS AND 4 INDIVIDUALS' ASSETS OVER THE CONCERN FOR NUCLEAR PROLIFERATION
06[11:42] * magoo slaps patience around a bit with a large trout
[11:42] {magoo} warming up for laser
[11:42] {dptl} lol
[11:54] {patience} magoosky, we got some talking to do
[11:54] {Threei} talking? I'd suggest some trouting
06[11:55] * Threei slaps magoo around a bit with a large trout
[11:55] {Threei} that's the only worthy response
[11:55] {patience} i don't do lake fish
[11:55] {magoo} :)
[11:56] {Threei} then:
06[11:56] * Threei slaps magoo around a bit with a large sockeye salmon
[11:57] {patience} just ran into a deer, running around uplands golf course vad, scared the poop out of both of us
[11:57] {patience} market is safer place to be
[11:57] {Threei} lol
[11:57] {patience} literally, the deer was jumping east west, i was running north south
[11:58] {kazaam} biib l .63
[12:02] {kazaam} stopped -.08
[12:13] {Threei} FRE testing day low again
[12:14] {Threei} would prefer a little bounce, then breakdown
[12:14] {Threei} like this
[12:14] {Threei} just want it to stay close enough to breakdown level so we have tight stop
[12:15] {Threei} .95 would do as a top of the bounce
[12:32] {Threei} FED'S LACKER: ECONOMIC GROWTH WILL ACCELERATE NEXT YEAR, INFLATION OUTLOOK HAS DETERIORATED, INFLATION IS UNACCEPTABLY HIGH, HOUSING RECOVERY WILL BE SLOW
[12:49] {Threei} if previous paterns hold, .30 zone should be bounce for LEH
[12:54] {Threei} one more leg down and I am interested
[12:56] {Threei} tat was it?
[12:56] {Threei} if so, I missed it
[13:03] {Threei} SEC REPORT REPORTEDLY FINDS ISSUES AT TOP THREE RATING COMPANIES, CITING ROOOM TO IMPROVE MANAGEMENT OF CONFLICTS IN RATINGS
[13:06] {Threei} figured bounce level to 2-3 cents and didn't get it - you guys put me to sleep
[13:07] {Threei} anyone is awake out there or I can go for a walk?
[13:08] {fernp} here i am awake
[13:08] {Threei} whew
[13:08] {magoo} here
[13:09] {fernp} 19:08 here. No time to sleep
[13:09] {magoo} just seem to give alot back between noon and 2pm so taking it easy
[13:09] {Threei} too bad we let LEH go
[13:09] {Threei} over 50 cents bounce
[13:10] {magoo} yeah, but ..............
[13:10] {magoo} been a bugger earlier
[13:13] {Threei} short LEH .79
[13:13] {Threei} .91 stop
[13:16] {Threei} 1:1
[13:18] {Threei} 1:2
[13:18] {Threei} I am out
[13:18] {Threei} +.24
[13:19] {kazaam} tks vad, that trade put me at BE for the day
[13:19] {Threei} good
[13:19] {Threei} perseverance wins
[13:19] {jmb} thanks vad
[13:19] {Threei} (unless it's stupid stubborness :)
[13:19] {Threei} jmb :)
[13:19] {Threei} just felt I finally got a feel for how it moves
[13:24] {Threei} FED'S LACKER: WITHDRAWING STIMULUS MAKES SENSE AMID A RECOVERY, SEES GROWTH BEGINNING TO ACCELERATE NEXT YEAR, INFLATION IS UNACCEPTABLY HIGH
[13:24] {Threei} - The risk of a severe economic slowdown has fallen. It makes sense to raise rates as economic risks recede.
[13:24] {Threei} - Sees the housing recovery coming "exceedingly slowly."
[13:25] {Threei} FED'S LACKER: WAITING TOO LONG TO RAISE RATES COULD BE RISKY
[13:27] {Threei} JP MORGAN: EXPECTS OIL TO REMAIN ABOUVE $130/BBL THROUGH SUMMER, ABOVE $115/BBL THROUGH THE END OF THE YEAR
[13:28] {Threei} what, no new highs in forecast?
[13:28] {Threei} now we are talking about how low will it go?
[13:28] {fernp} crazy market
[13:28] {dino} indeed
[13:30] {Threei} I can't assign any timelines to my forecast, but I am confident that not only oil will go down, it will go much lower than anyone canimagine right now
[13:30] {Threei} I don't think we already saw the top though
[13:31] {Threei} this retreat is welcome but is just another breather IMO
[13:33] {Threei} 3 mongol tougricks say eventually oil won't be able to hold even 80
[13:33] {Threei} anyone takes the bet?
[13:34] {patience} i'm not sure what you're smoking in your office, i'll take your bet vad
[13:34] {Threei} cool
[13:35] {Threei} I want to say within 1 year but I tend to shorten horizons... 2 years?
[13:36] {patience} how about by the end of this year
[13:36] {Threei} no... too fast
[13:37] {Threei} commodities move slower than stocks :)
[13:37] {Threei} and oil has a lot of inertia still
[13:41] {Threei} covered LEH too soon eh?
[13:41] {Threei} whatever... nailed the top on it to 5 cents, gotta be happy with that
[13:43] {Threei} RUSSIA REPORTEDY SAYS IT MAY BE FORCED TO REACT MILITARILY IF US DEPLOYS MISSILE SHIELD NEAR RUSSIAN TERRITORY
[13:43] {Threei} - Note that the Czech Republic signed an agreement on missle defense with the US today
[13:43] {Threei} great
[13:44] {Threei} we need third war as fish needs umbrella
[14:00] {Threei} RMBS?
[14:01] {Threei} SPENDING PULSE: US GASOLINE DEMAND -3.9%
[14:01] {Threei} don't see any RBMS news
[14:02] {Threei} AAPL
[14:02] {Threei} NOTES IT WILL BEGIN IPHONE 3G SALES AT 8AM ACROSS US TIME ZONES WHEN SALES BEGIN THIS FRIDAY
[14:03] {Threei} LULU sharp selloff too
[14:03] {Threei} again no news
[14:03] {Threei} FED'S LACKER: MAY NEED TO INCREASE INTEREST RATES EVEN IF UNEMPLOYMENT INCREASES OVER TIME, SEES WEAK USD AS CONTRIBUTING TO INFLATION
[14:07] {patience} hmm, helene meisler at cramer's site says panic is in mutual fund liquidation, doesn't feel like it
[14:08] {Threei} yeah... all markets green
[14:08] {patience} buying canadian currency calls for december
[14:13] {Threei} ok... what was that on RMBS
[14:16] {dino} apei
[14:29] {Chaeron} fre
[14:30] {Threei} thinking .50 break?
[14:31] {Roman} 21 dino, you owe me a drink
[14:34] {dino} the day's not over yet
[14:36] {Roman} 21 no capit today man
[14:36] {Roman} 21 forget it unless a war breaks out
[14:36] {dino} lol
[14:37] {dino} stranger things have happened
[14:37] {Threei} indeed
[14:42] {magoo} pretty weird today
[14:44] {Roman} 21 u guys are getting that bounce day
[14:44] {Roman} 21 what's so weird about it?
[14:44] {magoo} uh, 10 minuters ago we were red
[14:45] {magoo} up 65..down 30..up 75 ...weird...although par for course lately
[14:45] {judijim} take care everyone, we'll be back tomorrow
[14:46] {magoo} u 2..good day like yesterday??
[14:46] {judijim} we protected profits and just watched today
[14:47] {Threei} take care jj
[14:47] {magoo} cool..take care
[14:51] {Threei} it's not even market itself... it's individual satocxks that did trade wierdly
[14:51] {Threei} quite pronounced moves on no news
[14:56] {Threei} chaeron, you took FRE?
[14:57] {Chaeron} um no.....
[14:58] {Chaeron} disappointed in me?
[14:58] {Threei} lol
[15:00] {fernp} take care everyone. see you tomorrow.
[15:00] {Threei} *MAY CONSUMER CREDIT: $7.8B V $7.5BE
[15:00] {Threei} take care fern
[15:02] {Threei} jeez
[15:02] {Threei} look at LEH
[15:05] {dino} rfr, looks as if i owe you a brew
[15:14] {Threei} well, VVUS may be not exactly a runner, but worked for a nice scalp
06[15:14] * Threei slaps magoo around a bit with a large trout
[15:15] {magoo} how come??
[15:15] {Threei} two reasons
[15:15] {Threei} first, you disliked VVUS
[15:15] {Threei} and second, why not?
[15:15] {magoo} ok :)
[15:16] {magoo} laser never chimed in today vad
[15:16] {Threei} I knew second one would convince you
[15:16] {Threei} yeah.. he will have double tomorrow
[15:17] {magoo} u got that right...i even wasted warm up on patience
[15:17] {patience} ty magoo
[15:17] {Threei} that was your choice... you could slap Chaeron so warm-up wouldn't go wasted
[15:18] {magoo} hmmmmmmmmmmmmm
06[15:18] * magoo slaps Chaeron around a bit with a large trout
[15:18] {Threei} I know what you are thinking
[15:18] {Threei} "it's not too late"
[15:18] {Threei} :)
[15:19] {Chaeron} thank you
06[15:22] * magoo slaps Chaeron around a bit with a large trout
06[15:22] * magoo slaps Raven around a bit with a large trout
06[15:22] * magoo slaps brian3579 around a bit with a large trout
06[15:22] * magoo slaps Chaeron around a bit with a large trout
06[15:22] * Threei ducks
06[15:22] * magoo slaps cosmo around a bit with a large trout
06[15:22] * magoo slaps dino around a bit with a large trout
06[15:22] * magoo slaps dptl around a bit with a large trout
06[15:22] * magoo slaps globus around a bit with a large trout
[15:22] {dino} ouch
06[15:22] * magoo slaps jmb around a bit with a large trout
06[15:22] * magoo slaps kazaam around a bit with a large trout
06[15:22] * magoo slaps patience around a bit with a large trout
06[15:22] * Chaeron slaps magoo around a bit with a large trout
06[15:22] * magoo slaps tomg around a bit with a large trout
06[15:22] * Chaeron slaps Chaeron around a bit with a large trout
06[15:22] * Chaeron slaps magoo around a bit with a large trout
06[15:22] * Chaeron slaps magoo around a bit with a large trout
[15:22] {Threei} slapfest
06[15:22] * Chaeron slaps magoo around a bit with a large trout
[15:23] {Threei} and all this because of dave slacking
[15:23] {Chaeron} your attacks will not go unanswered
[15:23] {patience} magoosky is bored
[15:23] {magoo} dave fault
[15:23] {magoo} magoosky disciplined today, got up BIG and styopped
[15:23] {Threei} good job
[15:24] {magoo} triple dailyt
[15:24] {magoo} still can't spell
[15:24] {Threei} and I struggled all day to get about flat
[15:25] {magoo} well, i was down yesterday and i believe you were up correct?
[15:25] {dino} up but under ave
[15:25] {dino} broke my 3 day losing streak tho
[15:25] {Threei} not my type of day
[15:29] {Raven} 3 {} !
[15:32] {dino} wow ma turnaround
[15:35] {dptl} up $2.66 today :)
06[15:35] * magoo slaps dptl around a bit with a large trout
[15:35] {dptl} lol
06[15:35] * magoo slaps Raven around a bit with a large trout
[15:35] {dino} :)
[15:36] {Raven} 3 clam down magoo
[15:37] {magoo} suighh..okey dokey big guy
[15:37] {Threei} LEH, want pulback long
[15:37] {Threei} for return to 22
[15:37] {Threei} and possibkly jump over it
[15:38] {Raven} 3 suighh ???
[15:38] {Raven} 3 pathetic spelling
[15:38] {Threei} in
[15:38] {Threei} stop under .50
[15:38] {Threei} last trade for the dayt
[15:39] {Threei} come on
[15:40] {Chaeron} dang... I was right on FRE
[15:40] {Chaeron} and didn't take
[15:40] {Chaeron} as usual
[15:40] {Threei} out .96
[15:40] {Threei} woohoo
[15:40] {Threei} 25 cents for the last trade
[15:40] {Threei} and in green
[15:40] {Threei} anyone took it?
[15:41] {magoo} not eii
[15:42] {Threei} come on dp, that ws your chance for another $1.25? {G}
[15:42] {dptl} roflol
[15:42] {Threei} :)
[15:43] {magoo} ok thanx everybodu...and especially raven
06[15:44] * Chaeron slaps magoo around a bit with a large trout
[15:44] {dino} ctcm tagged today
[15:45] {dptl} whats up with no overnight mesages???
[15:45] {Chaeron} yeah... I thought it was just me yesterday... took it personal like... :)
[15:45] {Threei} some rollover of accounting sheets
[15:45] {dptl} o...isee
[15:45] {Threei} requiring cash only overnight for a few days
[15:47] {Raven} 3 {------------- circling magoo
[15:47] {magoo} he he..i took it personal too yesterday
[15:47] {magoo} magoo pumps shotgun
06[15:47] * dptl slaps magoo around a bit with a large trout
[15:47] {Raven} 3 {----------- out of range
[15:48] {magoo} magoo puts in slug
[15:48] {magoo} much farther range
[15:48] {Raven} 3 {-------------- rides updraft
[15:52] {Threei} impressive recovery today
[15:53] {Threei} LEH, FRE, FNM... RMBS which was real wierd
[15:54] {magoo} vad, i posted premkt rimm could do 122 today
[15:54] {magoo} look
[15:54] {magoo} it was 117 ptre
[15:55] {Threei} disgusting accutracy
[15:55] {magoo} ok, good nite
[15:55] {dptl} have a good evening all:)
[15:55] {Threei} thank you all
[15:55] {Threei} have a good evening
[15:55] {kazaam} adios, see you all tomorrow
[15:55] {Threei} see you tomorrow for hopefully easier to read day

Mon Jul 07 2008

Session Time: Mon Jul 07 00:00:00 2008

[08:03] {Threei} CAAS
[08:03] {Threei} WINS DONGFENG PEUGEOT CITROEN CONTRACT
[08:03] {Threei} - Subsidiary, Jingzhou Henglong Automotive Parts Co. (''Henglong''), has signed a supply agreement with Dongfeng Peugeot Citroen Automobile Co
[08:03] {Threei} - Henglong will ship 3000 units of power steering gears per month to DPCA for its Dongfeng Peugeot 206 model. DPCA and Henglong are also in the process of finalizing commercial orders for two other models -- Dongfeng Elysee R23 and Dongfeng Picasso N68.
[08:17] {brian3579} gm all
[08:17] {Threei} brian :)
[08:30] {Threei} CSIQ
[08:30] {Threei} IGNS SALES AGREEMENTS IN ITALY AND THE CZECH REPUBLIC
[08:31] {Threei} - The total volume of shipments for 2008 for the above mentioned new agreements totals 14.9 MW and reflects sales of CSI's regular module products. The sales will be realized in the second half of 2008 and are in addition to existing shipments to customers in Germany, Spain, USA, Korea and China.
[09:00] {fernp} Good morning
[09:00] {Threei} fern :)
[09:12] {judijim} Good morning everyone
[09:12] {Threei} jj :)
[09:12] {cosmo} NCOC
[09:14] {GeoArb} gm
[09:14] {Threei} Geo :)
[09:15] {dino} gm all
[09:15] {Threei} dino :)
[09:17] {cosmo} CALM: ...Barrons likes it
[09:17] {Threei} nice pleasant sound of oil dropping
[09:17] {Threei} all markets snapback so far
[09:21] {dptl} good morning all
[09:21] {Threei} watching ROYL for bounce
[09:21] {Threei} dp :)
[09:21] {magoo} morning]
[09:21] {Threei} mags :)
[09:21] {tomg} gm all
[09:21] {Threei} tom :)
[09:22] {Threei} 9.25 is Thu high ROYL
[09:22] {Threei} if consloidates a little and breaks it, half lot long
[09:23] {Threei} CSIQ, chart looks nice for bounce and had news... just not sure what it's going to follow more, market or oil
[09:31] {Threei} BRCM, pullback closer to 27 would be a watch for long
[09:32] {Roman} 21 SOL long
[09:32] {Roman} 21 13.18
[09:32] {Roman} 21 13.48
[09:33] {Threei} .35 long BRCM if not losing .20
[09:33] {Threei} would prefer pullback though
[09:36] {esemde} good morning...summer holidays and Vodka...slept right through my alarm
[09:36] {Threei} lol
[09:36] {Threei} morning ese :)
[09:37] {Threei} SOL's nice
[09:38] {Threei} SOLF
[09:38] {magoo} ES:)
[09:39] {Threei} .50 break long if stays above .40
[09:39] {esemde} morning mags
[09:40] {Threei} half out CAEI overnight position .97
[09:40] {Threei} +.36
[09:40] {dino} lol es
[09:40] {esemde} bstop ESLR .51
[09:41] {esemde} morning dino
[09:42] {Threei} anyone found entry BRCM?
[09:42] {magoo} me in .36
[09:42] {Threei} I'd take scalp here
[09:42] {magoo} ok out .69
[09:42] {tomg} ty brcm, vad
[09:42] {magoo} TY
[09:42] {Threei} welcome
[09:43] {magoo} u don't gotta ask twice he he
[09:48] {Threei} UAUA
[09:48] {Threei} .31 long if stays above .20
[09:51] {Roman} 21 out SOL +.44
[09:51] {Threei} wtg'
[09:53] {dino} gj
[09:54] {Threei} ROYL
[09:54] {Threei} half lot .25 break
[09:54] {Threei} stop under 9 or 9.10, depending on your objectives
[09:55] {Threei} over 1:1
[09:56] {dino} titn sm l .43
[09:57] {Threei} don't get stuck in ROYL
[09:57] {Threei} thing is very volatile
[10:09] {dino} titn stopped .10, -.33
[10:10] {Threei} LEH
[10:10] {Threei} .84 short hal lot
[10:10] {Threei} if stays under 23
[10:15] {Roman} 21 NCOC
[10:15] {Roman} 21 long
[10:15] {Roman} 21 small
[10:16] {Roman} 21 6.90
[10:16] {Threei} LEH over 1:1
[10:17] {Threei} 1:2
[10:17] {dptl} out .70 ty
[10:17] {Threei} out.55
[10:18] {Roman} 21 bidding CSIQ
[10:18] {Roman} 21 long
[10:18] {Roman} 21 34.5
[10:19] {laserdave1} magoo dcc please
[10:19] {Threei} wow... sneaked in unnoticed
06[10:19] * Threei slaps laserdave1 around a bit with a large trout
[10:19] {laserdave1} :)
[10:19] {esemde} very sneeky!!!!
[10:21] {Threei} LEH snpaback is coming it feels
[10:21] {Threei} just a scalp
[10:22] {Threei} want it as close to .50 as possible
[10:22] {Threei} watch GS for guidance
[10:23] {Threei} in .58
[10:23] {Threei} .49 stop
[10:25] {Roman} 21 JASO
[10:25] {Threei} out .75
[10:25] {Roman} 21 could be long scalp
[10:25] {Roman} 21 not in
[10:26] {Threei} out last portion CAEI
[10:27] {dino} sm fwlt l .66, stop .59
[10:28] {Threei} wow, sold LEH way too soon
[10:28] {dino} .00 l i mean
[10:31] {dino} avav strong
[10:31] {dino} sm l dwsn .30, stop .93
[10:41] {Threei} BRCM, half lot long .91
[10:41] {Threei} stop .75
[10:41] {Threei} with idea to add another half lot if NQ breaks high and BRCM breaks 28
[10:48] {Threei} correcting stop to .79
[10:49] {Threei} held above .80 on last pullback
[10:54] {Chaeron} good Monday morning all
[10:54] {Threei} chaeron :)
[10:55] {esemde} CCCCHHHHH BABY!!!!!!!!!
[10:55] {Threei} decide if you want to ride half lot of add second half
[10:55] {Threei} matter of trade management
[10:56] {Chaeron} heya ese :)
[10:56] {magoo} chuckiechaer
[10:56] {magoo} :)
[10:56] {Chaeron} lol - heya mags
[10:58] {dino} fwlt stopped -.40
[11:02] {dino} ohh mann, both stops hit today are rinses
[11:06] {Threei} oil upward move is weighing on NASDAQ and by extension holds back BRCM
[11:07] {esemde} Was reading this on CBS Market wqtch "Congress has been particularly impressed by Exxon's April testimony that oil's true price should range from $50 to $55, or less than half of its current price,"......man oh man!!! whats goin on out there
[11:07] {Threei} 50 sounds about right to me
[11:10] {Threei} no worky BRCM
[11:12] {Threei} UPDATE: PLATTS HAS PUT LEHMAN UNDER A TEMPORARY REVIEW THAT BARS IT FROM TRADING OIL CONTRACTS - UNCONFIRMED REPORT
[11:14] {Threei} rinse BRCM
[11:14] {magoo} sort of similar to when laserdave puts magoo under a temp ban on trading BIDU he he
[11:14] {Chaeron} so do we take the 28 if it goes there?
[11:14] {Threei} lol
[11:15] {Threei} hard to tell
[11:15] {Threei} looks tempting
[11:15] {magoo} 300 aapl long here .89
[11:15] {Threei} maybe one more pullback to wait out
[11:16] {Threei} so it defines closer stop
[11:16] {Threei} right now it's too wide
[11:16] {dino} ilmn fast drop
[11:19] {dino} sm l .26
[11:19] {Roman} 21 long WB
[11:20] {Roman} 21 13.92 stop under 13.80, 1/2 size
[11:21] {magoo} aapl like 3:1 here
[11:24] {magoo} out here .25, + .36? i think
[11:24] {magoo} u take it chaer with magoo?
[11:25] {dino} ozrk
[11:26] {Chaeron} no sorry magoo.. I was doing BRCM :( great job to you tho
[11:26] {Threei} {BRCM} ummm... I expected you to be more discreet...
[11:26] {Chaeron} stopped on BRCM - 0.15
[11:26] {Chaeron} not me
[11:26] {Chaeron} :)
[11:26] {dino} dwsn stop to b/e
[11:27] {Chaeron} for some reason I still like BRCM... am I nuts?
[11:28] {Threei} it looks good, just tough to trade
[11:29] {esemde} anybody follow a 52 week high or 52 week low screen? There all 52 weeks lows except for 2 on my screen....
[11:29] {Threei} .38 long NVDA
[11:29] {Threei} .29 stop
[11:31] {Threei} BRCM rinsed us by 3 cents, then worked as planned
[11:33] {dino} dwsn stopped -.06 slippage
[11:43] {Chaeron} stopped NVDA... - 0.13
06[11:43] * Chaeron slaps laserdave1 around a bit with a large trout
[11:44] {Chaeron} there... I feel better
[11:45] {Threei} sharp market dive
[11:46] {Threei} ISSUES FORMAL RESPONSE TO CARL ICAHN'S LATEST LETTER, READY TO ENTER NEGOTIATIONS WITH MSFT
[11:46] {Threei} - "Yahoo!'s Board of Directors continues to stand ready to enter into negotiations with Microsoft Corporation for an acquisition of Yahoo!. Indeed, as recently as June, Yahoo!'s independent directors and management approached Steve Ballmer about just such a transaction, only to be told that Microsoft was no longer interested even in the price range which they had previously proposed.
[11:47] {Threei} - "Now Mr. Ballmer and Mr. Icahn have teamed up in an apparent effort to force Yahoo! into selling to Microsoft its Search business at a price to be determined in a future "negotiation" between Mr. Icahn's directors and Microsoft's management. We feel very strongly that this would not lead to an outcome that would be in the best interests of Yahoo!'s stockholders."
[11:47] {Threei} - "If Microsoft and Mr. Ballmer really want to purchase Yahoo!, we again invite them to make a proposal immediately. And if Mr. Icahn has an actual plan for Yahoo! beyond hoping that Microsoft might actually consummate a deal which they have repeatedly walked away from, we would be very interested in hearing it."
[11:53] {dino} ozrk sm l .28
[12:00] {magoo} dave DDCC
06[12:02] * magoo slaps laserdave1 around a bit with a large trout
06[12:02] * magoo slaps laserdave1 around a bit with a large trout
[12:02] {magoo} DCC dave
[12:02] {magoo} i never have anyway, but i know vad does
[12:02] {magoo} oops, wrong room
[12:07] {Threei} what did I do this time?
[12:07] {magoo} kinda private..but talking about u he he
[12:08] {dino} don't worry 3i, i'm recording it all
[12:09] {Threei} cool, ty
[12:19] {Threei} financials are in the world of pain
[12:20] {Threei} FNM, FRE, LEH, MER
06[12:26] * Chaeron slaps laserdave1 around a bit with a large trout
[12:26] {Chaeron} Dave... dcc please
[12:27] {Threei} wow
[12:27] {Threei} FNM and FRE
[12:27] {Threei} that's scary
[12:28] {Threei} FED'S YELLEN: NOTES IMPORTANCE THAT CAPITAL FLOWS TO FINANCIAL SECTOR INCLUDING PRIVATE EQUITY - COMMENTS TO REPORTERS
[12:28] {Threei} - Remarks that there is nothing alarming about how banks are raising capital
[12:28] {Threei} - Unemployment rate expected to peak at 5% range, but not expected to reach 6%
[12:29] {Threei} end of the world again?
[12:30] {Threei} .81 smaaaal long FRE
[12:30] {Threei} stop under .50
[12:31] {Threei} too fast?
[12:31] {Threei} MARKET WEAKNESS LED BY MORTGAGE FINANCE SECTOR; FNM DOWN 20%, FRE DOWN 26%, BOTH AT 52 WEEK LOWS
[12:32] {Threei} FNM
[12:32] {Threei} INVESTOR RELATIONS SAYS IT HAS NO NEWS TO EXPLAIN TODAY'S SELL OFF IN THE STOCK
[12:32] {Threei} anyone had entry chance?
[12:43] {Threei} if everyone fell asleep I will to
[12:43] {magoo} i tried..missed entry
[12:43] {Threei} 'caause the only way remaining to keep myself awake is
06[12:43] * Threei slaps laserdave1 around a bit with a large trout
[12:44] {Threei} both dropped back into bounce zone
[12:44] {Threei} FRE and FNM
[12:44] {Threei} keep it small
06[12:48] * Chaeron slaps laserdave1 around a bit with a large trout
[12:48] {Chaeron} Dave... DCC?
[12:57] {Threei} FNM/FRE WEAKNESS BEING PARTIALLY ATTRIBUTED TO CONCERNS OVER A POTENTIAL FASB ACCOUNTING RULES CHANGE THAT WOULD REQUIRE BRINGING OFF BALANCE SHEET ITEMS ONTO THE BALANCE SHEET, WHICH WOULD REQUIRE THE GSE'S TO RAISE MORE CAPITAL
[13:00] {Threei} market just shurgged and stopped attempts to swim
[13:01] {Threei} this is the most unusual summer I've ever seen
[13:01] {Threei} remember how we used to yawn through July-August?
[13:01] {dino} y
[13:01] {dino} taking next summer off
[13:03] {Threei} next?
[13:03] {Threei} that's what I call advanced planning
[13:04] {dino} lol
[13:05] {dino} it used to be just vacation in august, because aug. always sucked. but this year.............
[13:06] {Threei} my cruise is already booked
[13:06] {Threei} should I cancel?
[13:07] {dino} extend it
[13:07] {Threei} through the next summer?? :)
[13:20] {Threei} .35 long FNM half lot
[13:20] {Threei} stop .19
[13:23] {Threei} 1 cents shy of 1:1
[13:25] {Threei} if loses .20 look for re-entry around 15
[13:26] {Roman} 21 CNQ
[13:26] {Roman} 21 long
[13:26] {Roman} 21 89.38 super small
[13:39] {dino} i may be eatly, but adding a few small swings
[13:40] {Threei} certainly gutsy
[13:41] {dino} gut feeling a big bounce in soon
[13:42] {Threei} if not for fdinancials we would have already gotten it...
[13:42] {Threei} all compnenets were in place
[13:42] {Threei} oil down
[13:42] {dino} steels holding well, machinery too
[13:43] {Threei} need just a bit of confidence no big bank fails
[13:43] {Threei} and market will skyrocket
[13:45] {Roman} 21 out CNQ .62
[13:47] {Threei} good one
[13:55] {Threei} big recovery oil
[13:56] {magoo} one day this makets gonna bounce big time.but man, doing its best to rinse evceryone out firstl
[13:56] {Threei} still bear market
[13:56] {magoo} im just looking for that one 300 plus point up day
[14:02] {Threei} anyone took FNM off 15?
[14:04] {judijim} take care all, we had a great day and keeping profits +$1015, be back tomorrow
[14:05] {Chaeron} nice
[14:05] {Threei} beautiful jj
[14:05] {Threei} wtg
[14:05] {patience} terrific jj :)
[14:05] {kazaam} gj JJ, enjoy the rest of your day
[14:07] {dino} gj jj
[14:31] {esemde} still hangin in.....bstop in ESLR at .51
[14:32] {Threei} MOODY'S RAISES XIDE'S CFR TO B3 FROM CAA1
[14:46] {Threei} RIMM, long off 113
[14:46] {Threei} on cross back
[14:47] {Threei} if loses .80 wait for closer to .50
[14:48] {Threei} no entry, wanted under .60
[14:48] {Threei} got a bit too greedy
[14:49] {Threei} ugh
[14:50] {Threei} anyone was less picky than me and took .70?
[14:50] {magoo} nope, wanted .56
[14:51] {Threei} welcome to the club of blue-eyed optimists
[15:02] {magoo} good read on it vad
[15:02] {Threei} oh btw... end of the world just got canceled
[15:03] {cosmo} ...again
[15:03] {Threei} yep... daily occuerence now
[15:04] {cosmo} ... for 4 more years...
[15:05] {cosmo} then it really ends
[15:05] {cosmo} jk..
[15:05] {Threei} I wanted to stock a machine-gun fulkl of vodka for the end of the world day... but at this rate I'd go through them too quickly
[15:06] {cosmo} a .... gun?
[15:06] {dino} the vodka or the guns
[15:07] {Threei} participans of RT meet-up last Friday know :)
[15:07] {dino} a secret club i see
[15:07] {patience} vad poured ese a shot of vodka from a glass machine gun last friday
[15:07] {Chaeron} yeah... I'm not in it either dino :)
[15:07] {dino} lol, i get it
[15:08] {patience} i was the designated driver and got to watch them empty it
[15:08] {dino} i'm sure that was fun
[15:09] {magoo} i was on bender last 3 days
[15:09] {patience} ok, you win magoo
[15:09] {magoo} thurs, fri, and sat...
[15:09] {magoo} lost 3 lbs..forgot to eat
[15:10] {Threei} http://www.tommygunsvodka.com/products_old.php
[15:10] {Threei} not exact but similar
[15:10] {Chaeron} RIMM?
[15:11] {Chaeron} too late
[15:11] {cosmo} looks like a squirt gun
[15:14] {magoo} i'm confused..are we going up or down here?
[15:14] {Threei} yes
[15:17] {magoo} that helps..ty
[15:18] {Threei} always
[15:27] {magoo} so now green again?
[15:27] {Threei} yup, we never see downturn again
[15:27] {magoo} and your end of days party is canx?
[15:28] {Threei} yeah :(
[15:28] {Chaeron} we'll have a daw 15,000 party
[15:31] {Threei} sounds wierd by BRCM actually not very far from 52 week high
[15:31] {Threei} by = but
[15:31] {magoo} end of days party more fun...women put out easier and more lol
[15:31] {Threei} unlike the rest of the group
[15:41] {Threei} incredible mood swings
[15:48] {Threei} .35 BRCM long if NQ bounces
[15:48] {Threei} and if stays above .30
[15:48] {Threei} .29 stop
[15:51] {Threei} come on NQ, let's try hod again
[15:54] {Chaeron} come on...........................
[15:54] {Threei} nope
[15:55] {Chaeron} sigh
[15:55] {Threei} all good ones fell on morning todays
[15:55] {dino} this market is whacko
[15:55] {Threei} total
[15:56] {Threei} maniak-depressive
[15:57] {dino} agreed
[15:57] {dino} just dropped like 100 pts on dji in 15 minutes
[15:58] {dino} out ozrk .18 -.10
[15:59] {Threei} Ok guys, thank you all
[15:59] {Threei} have a good evening
[16:00] {Threei} see you tomorrow for another sequence of world-ends and their cancellations
[16:00] {dptl} have a good evening all

Jul 03 2008

Session Time: Thu Jul 03 00:00:00 2008

[08:30] {Threei} JUNE AVERAGE HOURLY EARNINGS M/M: 0.3% V 0.3%E; AVERAGE WEEKLY HOURS: 33.7 V 33.7E
[08:30] {Threei} JUN CHANGE IN NONFARM PAYROLLS: -62K V -60KE; CHANGE IN MANUFACTURING PAYROLLS: -33K V -30KE
[08:30] {Threei} - Prior April Nonfarm Payrolls revised Lower from - 49K to -62K
[08:30] {Threei} - Prior Manufacturing Payrolls revised Lower from -26K to -22K
[08:31] {Threei} INITIAL JOBLESS CLAIMS: 404K V 385KE; CONTINUING CLAIMS: 3.116M V 3.125ME
[08:31] {Threei} - Prior Initial Jobless Claims revised from 384K to 388K
[08:31] {Threei} - Prior Continuing Claims revised from 3.139M to 3.135M
[08:31] {Threei} JUN UNEMPLOYMENT RATE: 5.5% V 5.4%E
[08:32] {Threei} and ECB rate hike... I am scared even to look at oil
[08:33] {_Lisa_Jay} Good morning.
[08:33] {Threei} morning Lisa
[08:33] {Threei} 07/02/08 04:41pm [NVDA] Cuts Q2 sales forecast to $875-950M (had seen sales at about $1.09B) v $1.1Be, gross margin to be lower than expected, sees a $150-200M charge against revenuemore.. - Expects a $150-200M charge against cost of revenue to cover anticipated customer warranty, repair, return, replacement and other consequential costs and expenses arising from a weak die/packaging material set in certain versions of our previous generation MCP and GPU products used in notebook systems. - All newly manufactured products and all products currently shipping in volume have a different and more robust material set. - The previous generation MCP and GPU products that are impacted were included in a number of notebook products that were shipped and sold in significant quantities. - NVDA has developed and made available for download a software driver to cause the system fan to begin operation at the powering up of the system and reduce the thermal stress on these chips. It has also recommended that customers consider changing the thermal management of the MCP and GPU products in their notebook system designs. - Has begun discussions with supply chain regarding reimbursement to us for some or all of the costs we have incurred and may incur in the future relating to the weak material set. Company will also seek to access our insurance coverage.
[08:34] {Threei} flirts with -$5
[08:35] {Threei} a few downgrades for full measure
[08:42] {esemde} morning Vad
[08:43] {esemde} dreary day in the neighbourhood here.......sunny up your way?
[08:44] {Threei} hi ese
[08:44] {Threei} nope, overcast
[08:45] {Threei} what's the forecast for tomorrow?
[08:45] {esemde} was just going to look...be right with ya
[08:45] {cosmo} independance i think
[08:46] {esemde} rain..... 21C high 16C low
[08:47] {esemde} clear up by sunday
[08:47] {Threei} well... someone will have to hold umbrella over shishkebab :)
[08:47] {esemde} indeed.....
[08:47] {esemde} i will do that
[08:48] {cosmo} NVDA @ 13
[08:48] {Threei} that will warrant extra piece of meat
[08:48] {cosmo} fwiw
[08:48] {Threei} and what was this business with thunderstorm yesterday... first time I hear thunder on the island
[08:49] {patience} thunder and lightning through the night
[08:49] {Threei} had already my doubts it ever happens here
[08:49] {esemde} hmmmmmm...slept right through it...didn't here a thing
[08:50] {Threei} wow... good for you :)
[08:51] {esemde} been a busy year.......will take at least this month to get rested
[09:01] {fernp} gm
[09:01] {cosmo} NVDA holds 13 ...so far
[09:02] {Threei} fern :)
[09:02] {Threei} I am inclined to think it will hold
[09:02] {Threei} well, as much as I am inclined to think at all
[09:02] {esemde} fern
[09:02] {Threei} which is not much
[09:05] {Threei} NQ being up 10 points on all this wave of dreadful news is encouraging
[09:07] {dino} gm all
[09:07] {Threei} dino :)
[09:07] {esemde} thats the market for you.....
[09:07] {esemde} dino........you still loking at ESLR dino
[09:07] {esemde} "looking"
[09:08] {esemde} am gonna go long again when it gets to the 9}60 range
[09:09] {dino} i like spwr better, but not pushing today, closes at 1:00
[09:10] {dino} 9.60? its at 8.90 now
[09:12] {GeoArb} gm
[09:12] {Threei} geo :)
[09:12] {dino} steels going to bounce? got beat like a bad dog yesterday
[09:13] {esemde} what are you lookin at there...
[09:13] {esemde} anything in particular
[09:14] {Threei} quite likely, and , at least so far, it feels like violent snapback day
[09:14] {dino} schn, nue
[09:15] {judijim} good morning everyone
[09:15] {Threei} jj :)
[09:15] {esemde} tks dino
[09:15] {dino} jj
[09:15] {esemde} jj
[09:15] {Threei} let me throw CAEI in the mix
[09:15] {dino} schn crushed and beat by quite a bit on earnings day before
[09:15] {cosmo} CHDX
[09:15] {dino} x -22
[09:15] {cosmo} # Chindex International, Inc. Announces Receipt of Key Regulatory ApprovalsChina SFDA Certificates Received Include Intuitive Surgical daVinci SPR Newswire(Wed 7:43pm)
[09:16] {esemde} brutal down move in NUE also yesterday
[09:16] {esemde} 9 bucks approx......sheesh
[09:16] {magoo} ldtkjlhdtjlkgbjdrskfjslisrjli
[09:16] {dino} y
[09:17] {esemde} mags
[09:17] {Threei} I agree with most of what you said magooevski
[09:17] {Threei} excpet maybe for skfjsl part
[09:17] {esemde} cool hyroglithics......i think i understood that.....
[09:18] {esemde} ya i didn't get that part either
[09:19] {dptl} good morning all
[09:19] {esemde} dp....
[09:20] {dptl} so its a short day today?
[09:20] {esemde} all you neighbours to the south....what do you make of this possible GM bankrupcy?
[09:21] {esemde} yes short day dp...
[09:21] {esemde} done at 1:00pm i believe
[09:21] {esemde} eastern
[09:21] {Threei} dp :)
[09:21] {dptl} ty :)
[09:27] {Threei} NVDA lost 13
[09:27] {dino} its the only way to break the union and get the cutbacks they need
[09:28] {esemde} hmmmmmmm
[09:28] {esemde} not much substance to it dino?
[09:30] {dino} their costs are way too high, the can't fire people, and they are locked into labor contracts that make them build the wrong cars. its a mess.
[09:33] {Threei} NVDA, bounce time
[09:33] {Threei} .51 with .39 stop
[09:33] {magoo} in
[09:33] {magoo} .49
[09:34] {Threei} over 1:1 easy
[09:34] {Threei} 1:2
[09:34] {Threei} half out at least
[09:34] {Threei} 1:3
[09:34] {magoo} out .83TY boss
[09:34] {tomg} nice one vad, ty
[09:34] {Threei} 1:4, I am out
[09:35] {Threei} welcome guys
[09:35] {magoo} easy button worthy
[09:35] {Threei} NVDA is a tough one to trade latley, but heck, I don't believe it goes to zero
[09:35] {magoo} lets watch aapl for vbounce vad
[09:36] {kazaam} man, i look away from the chat for 1 minute and you guys are making money
[09:36] {Threei} sorry kaz
[09:37] {Threei} just alert us when you are going to look away next time, we will hold the call
[09:37] {kazaam} lol
[09:37] {Threei} mags, I would feel much more comfortable with AAPL closer to 168
[09:37] {magoo} ok
[09:38] {Threei} look at NVDA 1 min and daily,
[09:38] {Threei} just how tempting that was to jump on it around 13
[09:38] {Threei} a bit of patience, letting it come to us, capitulatory selling, and we got almost exact bottom
[09:39] {Threei} AAPL is much worse in this regard, getting in too early will cost much more
[09:40] {magoo} we need naz turn first on aapl
[09:42] {fernp} YHOO vad?
[09:43] {Threei} IMO{ leave that dog alone
[09:43] {fernp} ok
[09:44] {Threei} has too many fleas
[09:44] {fernp} yes :)
[09:46] {dino} zion
[09:47] {Threei} SQNM .81 long, stop under .70
[09:49] {dino} new lows dji
[09:55] {_Lisa_Jay} ISM number soon
[09:58] {Threei} NVDA is trying for bigger bounce
[09:58] {kazaam} dino, do you look at 30sec chart?
[09:58] {Threei} hard to find entry here
[09:58] {Threei} spiked a bit too vertically
[09:59] {Threei} to try a few times... get in here with stop under .90
[09:59] {Threei} but be willing to get stopped and try again
[10:00] {magoo} in
[10:00] {Threei} JUN ISM NON-MANUFACTURING COMPOSITE: 48.2 V 51.0E
[10:01] {Threei} Non-Mfg Prices Index: 49.9 v May 77.0
[10:01] {Threei} - Employment: 43.8 v May 48.7
[10:01] {Threei} - New Orders Index: 48.6 v May 53.6
[10:01] {Threei} - Prices Paid: 84.7 v 77 prior
[10:07] {Threei} SQNM 1:2
[10:13] {tomg} beauty sqnm vad, ty
[10:13] {Threei} :)
[10:14] {Threei} CAEI
[10:14] {Threei} long here IMO
[10:14] {Threei} stop under .50
[10:36] {magoo} 13 big resistance nvda vad
[10:36] {Threei} yup
[10:36] {magoo} man of few words
[10:36] {Threei} that's me
[10:38] {Roman} 21 long WB
[10:38] {Roman} 21 15.21
[10:38] {Roman} 21 small
[10:38] {Roman} 21 31
[11:07] {dino} schn sm l .50
[11:08] {GeoArb} done for the day.... have a good 4th guys
[11:09] {dino} u2 geo
[11:09] {dino} he's done, i just started
[11:09] {Threei} take care Geo, have a great one
[11:09] {magoo} u 2 geo
[11:09] {GeoArb} heheh dino
[11:10] {dino} :)
[11:10] {GeoArb} today was my one of the better days LEH DRYS V MEE
[11:10] {GeoArb} were the people who paid up
[11:10] {dino} gj bro
[11:11] {GeoArb} now I know why you like CME.... :0 bye
[11:14] {Threei} CAEI is above 1:1... I am tempted to get greedy on it though
[11:17] {Threei} 1:2... really feels like should spike over 7
[11:17] {Threei} decide for yourself though, stock is volatile
[11:17] {magoo} uggg..i can't .u decide for me
[11:18] {Threei} pressure pressure...
[11:20] {magoo} as marc antony said in HBO rome "what to do...what to do??"
[11:36] {Chaeron} good morning everyone
[11:37] {Threei} Chaeron :)
[11:37] {magoo} this is YOUR weekend bro :)
[11:37] {Chaeron} mice?
[11:37] {Chaeron} ooooops
[11:37] {Chaeron} mine?
[11:38] {magoo} sure......charBROIL lol
[11:39] {Chaeron} lol... mmmmmm bbq's.... nice on the CAEI... sorry I missed... save any others for me?
[11:42] {Threei} hmmm
[11:43] {Threei} every time NVDA dives to .50 I am very tempoted to reenter
[11:43] {Threei} but can't make up my mind
[11:46] {dino} feels lower
[11:56] {Threei} things got locked in a narrow range
[12:07] {Threei} maybe .49 deserves a short with .61 stop
[12:14] {esemde} CCCCCCHHHHHH baby!!!!
[12:14] {dino} gj
[12:14] {esemde} i'm still here watchin....biding my time with ESLR....looks like it's having a turnaround day here
[12:15] {esemde} still thinking about going long again around 9.60 levell
[12:17] {Chaeron} heya ese!
[12:18] {dino} :)
[12:18] {dino} sidetracked
[12:22] {Chaeron} where's Dave?
[12:24] {magoo} vegas
[12:24] {Chaeron} sigh
[12:24] {magoo} yeah that
[12:27] {Chaeron} DCC magoo?
[12:42] {esemde} Vad dcc please..
[12:44] {Threei} short day shaped up quite nicely
[12:44] {_Lisa_Jay} Yes.
[12:44] {Threei} NVDA, SQNM and CAEI... all gave profit
[12:44] {esemde} very nice...
[12:44] {magoo} yes sir
[12:44] {esemde} and i'm still stalking ESLR
[12:45] {magoo} hey vad, u see genesis is opening premkt 7 a.m now
[12:45] {Threei} yes
[12:45] {Threei} I don't care... I want my beasuty sleep
[12:46] {esemde} signing off all ....have a great long weekend...am off to the dentist
[12:46] {Threei} take care ese :)
[12:46] {Chaeron} bye ese
[12:47] {Threei} I have a feeling of sharp snapback to the upside coming next week
[12:47] {Threei} barring something drastic happening of course
06[12:48] * Threei slaps laserdave1 around a bit with a large trout
06[12:49] * Chaeron slaps laserdave1 around a bit with a large trout
06[12:49] * magoo slaps laserdave1 around a bit with a large trout
[12:50] {magoo} u usually have a good feel for that vad
[12:51] {Threei} will see on Monday :)
[12:51] {Threei} ok, I made up my mind on CAEI
[12:51] {Threei} half out, half hold over weekend
[12:51] {Threei} unless it goes over 7 today'
[12:58] {Threei} NVDA breaks down but too close to eod
[12:58] {Threei} if you lost track of time and took short, just cover for little scalp here
[12:59] {Threei} that goes for you chaeron
[12:59] {Threei} you tend to forget time :)
[13:00] {Threei} OK guys, thank you all
[13:00] {Threei} have a great relaxing long weekend,
[13:00] {dino} ok all, calling it a week. have a good holiday/long weekend
[13:00] {Threei} happy 4th of July to everyone
[13:00] {Threei} see you on Monday!
[13:00] {dptl} have a great weekend all Happy 4th of july :)
[13:01] {magoo} happy 4th everyone
[13:01] {fernp} have a happy weekend all
[13:02] {patience} happy 4th guys :)
[13:02] {_Lisa_Jay} Thanks Vad.

Jul 02 2008

Session Time: Wed Jul 02 00:00:00 2008

[08:12] {Threei} ACTU
[08:12] {Threei} ROTH CAPITAL INITIATES ACTU WITH BUY, PRICE TARGET: $5
[08:13] {Threei} SUPG
[08:13] {Threei} SUSQUEHANNA RAISED SUPG TO NET POSITIVE FROM NET NEUTRAL, PRICE TARGET: $3
[08:14] {Threei} RODMAN & RENSHAW, INC. RAISED SUPG TO MKT OUTPERFORM FROM MKT PERFORM
[08:15] {Threei} *JUN ADP EMPLOYMENT CHANGE: -79K V -20KE
[08:37] {GeoArb} gm
[08:38] {Threei} Geo :)
[08:45] {brian3579} morning all
[08:45] {Threei} brian :)
[08:47] {cosmo} SNDK
[08:47] {Threei} bless you
[08:49] {cosmo} 3i gets religion
[08:49] {cosmo} religious too
[08:50] {Threei} not really... until Seinfield suggestion to respond to someone's sneezing with "you are so good looking" is adopted by society, I follow the norm :)
[08:50] {judijim} good morning all
[08:50] {Threei} jj ;)
[09:00] {Threei} website is up and running
[09:00] {Threei} I placed a nice picture for you at http://www.realitytrader.com/tradinglog/... and no, it's not a magoo's portrait
[09:03] {magoo} morning
[09:03] {Threei} oh hi magoo :)
[09:03] {tomg} gm all
[09:03] {Threei} tom :)
[09:04] {fernp} Good morning
[09:04] {Threei} fern :)
[09:04] {dino} gm all
[09:04] {Threei} dino :)
[09:08] {dptl} good morning all
[09:08] {Threei} dp :)
[09:08] {Threei} what, no one liked picture?
06[09:09] * Threei throws his camera out of the window
[09:20] {tomg} very nice photo, vad, where taken?
[09:20] {Threei} in Butchart garden
[09:21] {Threei} they have fireworks every Saturday during summer months
[09:21] {Threei} quite spectacular
[09:21] {tomg} was there in the Fall, one year, beautiful place
[09:21] {Threei} exceptional
[09:22] {Threei} I have annual pass, visit often... changes from season to season are very interesting to watch
[09:22] {tomg} you very lucky to live around there, imo
[09:23] {tomg} my wife is Tacoma native, so not far
[09:23] {Threei} well, that was luck created by deliberate effort :)
[09:23] {esemde} morning...whats this about Butchart garden?
[09:23] {Threei} hi ese
[09:23] {Threei} http://www.realitytrader.com/tradinglog/
[09:25] {cosmo} looks like quite a battle...
[09:27] {cosmo} SNDK
[09:27] {cosmo} testing
[09:28] {cosmo} hmm... open break
[09:29] {cosmo} nothing to sneeze at....imo
[09:31] {dino} sm l cenx .02
[09:32] {Threei} watching RIMM for bounce
[09:32] {magoo} good man..
[09:33] {Threei} .61 long if holding .40
[09:33] {Threei} that was fast
[09:33] {magoo} sheesh
[09:33] {Threei} doubt anyone got it but if you did, take profit
[09:34] {tomg} i got it, vad, ty
[09:34] {Threei} wow
[09:34] {Threei} wtg
[09:35] {tomg} :)
[09:35] {magoo} missed
[09:35] {Threei} good reflexes
[09:35] {Threei} COST .95 long if holding above .80
[09:37] {Threei} invalidated
[09:37] {Threei} second round RIMM off sharp dive under 123
[09:37] {Threei} late, don't chase
[09:39] {Threei} RFMD .17 long if melts down
[09:39] {Threei} slow one
[09:39] {Threei} if pulls back before trigger, try to get irt aggressively as close to 3 as possible
[09:41] {Threei} PTEN lost its mind
[09:41] {dino} out dwsn overnight .02, +.67
[09:44] {Threei} .39 short PTEN if stays under .50
[09:44] {Threei} half lot
[09:47] {dino} cenx stopped -.40
[09:47] {Roman} 21 QTWW long off 3
[09:47] {Threei} cover PTEN who got it
[09:50] {Threei} PALM?
[09:50] {Threei} I see no news
[09:51] {Threei} nice QTWW
[09:53] {dino} out yesterday titn flat
[09:55] {dino} apol
[09:56] {Threei} QTWW takes 52 week high
[09:57] {Threei} PTEN bounce long
[09:57] {Threei} .75
[09:57] {Threei} .64 stop
[09:58] {Threei} got target in mind for QTWW Roman?
[09:58] {Roman} 21 out 1/2 QTWW +21
[09:58] {Threei} ty, that answers it
[09:58] {Roman} 21 i don't know vad
[09:59] {Threei} yeah, uncharted territory... last time it was that high was two years ago
[10:00] {Threei} June of 2006
[10:00] {Threei} MAY FACTORY ORDERS: 0.6% V 0.5%E
[10:01] {Roman} 21 IVAN watching long scalp
[10:01] {Roman} 21 slow
[10:01] {Roman} 21 HYGS new high
[10:01] {Threei} HYGS take yesterday's high
[10:02] {dino} sm l bucy .25
[10:02] {dino} wide
[10:02] {kazaam} onxx l .63
[10:03] {dino} nue sm l .53 wide risky
[10:04] {kazaam} guess i am out full at 1:1, not intended, messy fingers!
[10:05] {Threei} entry was perfect
[10:05] {Threei} good looking setup
[10:06] {kazaam} tks
[10:08] {kazaam} here is the part where i wish i was still in
[10:09] {Threei} learning process is a process... not event
[10:09] {Threei} you got entry part right
[10:09] {Threei} move to the next part :)
[10:14] {Threei} PTEN, feel free to take profit
[10:14] {Threei} about 1:2
[10:17] {Threei} AMLN, half lot long .17
[10:18] {Threei} stop for hard core scalpers under .10, I like under 26 more
[10:24] {stevefo} I'm out, really keeping my stops tight
[10:27] {Threei} oil numbers are coming
[10:32] {magoo} this market blows..and it has blown for 6 wks now
[10:33] {Threei} for someone who had best day of the year yesterday...
[10:34] {Chaeron} I was just thinking the same thing :) Good morning all
[10:34] {Threei} chaeron :)
[10:35] {Threei} *DOE CRUDE: -1.98M V -1ME;
[10:35] {Threei} GASOLINE: +2.1M V UNCH. EST.; DISTILLATES: +1.26M V +2ME; UTILIZATION: 89.2% V 89.2%E
[10:35] {Threei} *API Inventory:
[10:35] {Threei} - Crude Inventories: -1.28M
[10:35] {Threei} - Gasoline: +103K
[10:35] {Threei} - Distillate: -10
[10:40] {kazaam} tgc l .37
[10:47] {kazaam} half @ .41
[10:48] {kazaam} other half @ .40
[10:51] {tomg} amln
[10:51] {Threei} tiring
[10:52] {dino} sm fwlt l .38, stop .88
[10:53] {Chaeron} Bloomberg July 2, 2008 - Buffett's Berkshire Has Worst First Half Since 1990 {{{ there you go magoo. Make you feel better about the last 6 weeks? Ol' Warren's had a tough 6 months :)
[10:53] {magoo} vad, any news RIMM?
[10:53] {Threei} no
[10:54] {magoo} ty
[10:55] {Chaeron} REUTERS - NEW DELHI, July 2 (Reuters) - India's telecoms ministry does not see any security risk from Research In Motion's (RIM.TO: Quote, Profile, Research) (RIMM.O: Quote, Profile, Research) popular BlackBerry e-mail service and has no plans to shut the service, a top government official said on Wednesday.
[10:59] {Threei} tomorrow is short day?
[11:00] {magoo} ty chaer
[11:00] {magoo} yes vad, 1 pm close
[11:00] {Threei} ty
[11:00] {Threei} ERII, fresh IPO
[11:01] {Threei} anyone knows what filed?
[11:01] {GeoArb} citi credut suisse
[11:01] {Threei} hmmm
[11:01] {Threei} questionable area to isue IPO right now eh?
[11:04] {dino} fwlt stopped, i pretty much suck so far. taking a break
[11:05] {Threei} JASP
[11:05] {Threei} .75 breakdown short
[11:06] {Threei} if stays under .85
[11:06] {Threei} JASO, sorry
[11:10] {Threei} invalidated
[11:12] {GeoArb} crude day high
[11:13] {Threei} sigh
[11:19] {kazaam} eh, didnt get filled on leh
[11:19] {kazaam} nevermind leh l .06
[11:23] {GeoArb} abk halted
[11:24] {kazaam} half leh +.03, reducing risk
[11:24] {GeoArb} sorry looks like wrong info
[11:25] {GeoArb} atleast its marked halted in my MM
[11:26] {kazaam} other half -.07
[11:29] {Threei} oil threatens new high today
[11:32] {Threei} PENTAGON OFFICIAL: A THIRD FRONT WOULD BE DIFFICULT FOR US IF ISRAEL WAS TO ATTACK IRAN
[11:32] {Threei} no, really?
[11:32] {Chaeron} I say just squeeze the two fronts you already have together
[11:35] {magoo} pull our troops out...nuke them all...the heat turns sand to glass...and we can see where oil is to drill
[11:36] {esemde} hmmmmmm seems .......like a plan......
[11:39] {Threei} and while we are solving all world's problems, let's eliminate poverty by nationalizing MSFT and making everyone an ownr
[11:40] {kazaam} gotta love this room, answers in trading and the worlds problems
[11:40] {Threei} just wait to see magoo dancing
[11:41] {Threei} not for faint heart mind you... but the image will be with you forever
[11:41] {Chaeron} can that be found on youtube?
[11:42] {Threei} they took clip off due to sever overload
[11:42] {Chaeron} ah... :)
[11:43] {Threei} as a compensation I wanted to place a recording of me singing... but then decided you can simply scratch a window glass with knife and you'll have a pretty good idea
[11:44] {Threei} RIMM long
[11:44] {Threei} .60 break
[11:45] {Threei} lost .40, invaliadted
[11:48] {Threei} short R .39IMM
[11:48] {Threei} RIMM
[11:48] {Threei} .55 stop
[11:52] {Threei} covered
[11:52] {Threei} .85
[11:52] {Threei} +.50
[11:53] {Threei} no takers?
06[11:54] * Threei goes back to coma
[11:55] {kazaam} we were there for spiritual support
[11:55] {Threei} thank you
[11:55] {Threei} oYil
[11:58] {dino} schn ouch
[12:00] {kazaam} smn long too risky?
[12:01] {Threei} no clear take on it kaz
[12:03] {kazaam} have you guys found the hammer scanner on trade ideas to be useless?
[12:03] {Threei} just never checked it out
[12:03] {Threei} if you see nice setups off it feel free to share
[12:04] {Threei} if there is a consistency, will gladly add it to my 14 windows
[12:04] {Threei} just how much additional troubles 15th could create
[12:04] {kazaam} hehe, will share, but so far there has been nothing good to share
[12:05] {Threei} well, if it gets faded consistently it's a setup too
[12:05] {kazaam} i heard 15 makes you cross eyed
[12:05] {Threei} too late for that
[12:05] {Threei} it happened at 13
[12:05] {Threei} now I am willing to go to 30 if needed
[12:06] {kazaam} wow, i am at 12, good thing you told me
[12:06] {Threei} ah come on, join me in crossed eyes club
[12:06] {Threei} I am tired of being president, accountant, doorman and janitor
[12:08] {kazaam} only if there is some kinda benefits bpackage
[12:10] {Threei} yup... we give out very dark eyeglasses masking your crossed eyes
[12:12] {Threei} dp, look dcc please
[12:24] {kazaam} eev sm l .81
[12:26] {kazaam} half +.29
[12:27] {kazaam} half +.52
[12:28] {Threei} wtg
[12:34] {kazaam} vad, do you trade futures?
[12:34] {Threei} nah
[12:35] {Threei} nothing really wrong with them as long as you keep it as one of vehicles, not the only one
[12:36] {kazaam} what do you mean?
[12:36] {Threei} if you add futures to stocks, fine
[12:36] {kazaam} oh gotcha
[12:36] {Threei} if you want to trade futures only, I doubt it's a good way
[12:38] {kazaam} before i found this room i was trading dow futures only, I wasn't getting enough opportunities so sometimes i would overtrade
[12:38] {Threei} yeah, too limited
[12:38] {Threei} if there is no readable move in futs, you usually will find a stock
[12:39] {Threei} if you don't trade anything else but futs, what a poor peaisan to do
[12:50] {Threei} ese, look dcc please
[12:59] {Threei} starts feeling like bounce time
[13:00] {Threei} RIMM long
[13:00] {Threei} as close .50 as you can getr
[13:00] {Threei} .45 stop
[13:01] {Threei} let's use .70 break as trigger
[13:02] {Threei} should go over 119 easy
[13:03] {Threei} come on NQ, don't quit on us now
[13:10] {kazaam} rimm still good here
[13:10] {kazaam} ?
[13:11] {Threei} sure
[13:11] {Threei} .45 isn't tagged
[13:11] {kazaam} l .66
[13:19] {Threei} 119 be bygone
[13:19] {Threei} half out anyway
[13:19] {Threei} beautiful
[13:20] {Threei} out in full
[13:20] {Threei} +.55
[13:21] {kazaam} tks, still holding half
[13:21] {jmb} thanks Vad
[13:26] {Chaeron} sorry for the delay in posting... in at .71 on RIMM... out at .22 +0.51.. beauty call off closer to .50 and also on break of .70... textbook Vad... thanks
[13:27] {Threei} welcome guys
[13:27] {Threei} I was sure you were all in the coma
[13:27] {Chaeron} now watch it go to 120 :)
[13:28] {Chaeron} that was in my best magoo voice
[13:32] {Threei} MER
[13:32] {Threei} .91 long
[13:32] {Threei} .79 stop
[13:38] {Threei} almost hit 1:1 when market tripped over someone's drunk body
[13:39] {cosmo} dominos
[13:40] {Threei} 1:1
[13:44] {Threei} 1:2
[13:44] {Threei} I am out
[13:45] {Threei} RIMM up a buck since alert
[13:46] {Chaeron} MER in .92, out .15 +0.23... thanks again Threei... and I thought I was going to be bored today.....
[13:48] {kazaam} out last half of rimm
[13:48] {kazaam} sick of waiting for this thing to hit 120
[13:48] {cosmo} SNDK
[13:48] {Chaeron} nice kaz
[13:48] {cosmo} 19 test ..maybe
[13:49] {cosmo} 19.10 hod fwiw
[13:50] {Threei} you are not bored chaeron?
[13:51] {Threei} I am bored with profits to death
[13:51] {kazaam} sndk sm l .00
[13:51] {kazaam} oh wait, .01
[13:52] {magoo} nicerimm trades vad
[13:52] {Threei} ty
[13:53] {magoo} markets looks to greenland it seems
[13:54] {magoo} c'mon naz
[13:56] {kazaam} half +12 half +11
[14:00] {Threei} what with this relenltess making moneu
[14:00] {Threei} you should cool it off guys
[14:02] {cosmo} SNDK
[14:02] {cosmo} breaky again
[14:26] {Threei} sheesh oil
[14:26] {Chaeron} whatcha see?
[14:27] {Threei} big spike
[14:27] {Threei} new record high
[14:28] {Threei} market accordingly went down immediately
[14:39] {Threei} end of the world is back on agenda
[14:53] {dino} as we know it
[14:54] {Threei} QID long
[14:54] {Threei} .08
[14:54] {Threei} half lot, a bit too tense here
[14:55] {jmb} stop?
[14:58] {Threei} .95
[14:59] {Threei} no worky
[14:59] {jmb} thanks
[15:05] {judijim} take care all, be back tomorrow
[15:06] {Threei} take care jj
[15:06] {patience} toronto tsx down 400 points
[15:12] {dino} ouch
[15:14] {patience} was heading downwards to 500, recovering slightly as oil and gold increase. Canada doesn't have a ppt.
[15:23] {dino} niether does usa
[15:23] {dino} rumors
[15:31] {dino} only 64 pts to go dji
[15:32] {dino} 13 ndx
[15:33] {Threei} frkin QID as always
[15:43] {Chaeron} wow
[15:43] {kazaam} cya tomorrow everybody
[15:44] {Threei} take care kaz, congrats on a good day
[15:44] {kazaam} tks
[15:45] {dino} gj kaz
[15:50] {Threei} and all this with no news
[15:52] {Chaeron} Israeli fighters take off or something?
[15:53] {Threei} or, couldn't take off due to lack of fuel
[15:54] {dino} ndx hits yesterday lows
[15:54] {Chaeron} I'm leaving a bit early... thanks again everyone... thanks Threei
[15:54] {Threei} 6 minutes??
[15:54] {Threei} stay where you are!!
[15:54] {Chaeron} geeeesh
[15:54] {Chaeron} ok ok
[15:54] {Threei} lol
[15:54] {Threei} see you tomorrow :)
[15:54] {Chaeron} Ibye:)
[15:55] {dino} feels like a fund or two blowing up, capitulation on everything they own to raise cash
[15:55] {Threei} or they have trainees learning Sell button today
[15:55] {dino} the stocks i normally trade are down 5-10 bucks, crazy
[15:56] {dino} throwing the babies out
[15:56] {Threei} good
[15:56] {Threei} we will be there to pick them up
[15:57] {dino} like mr. t to interviewer in rocky, whats your prediction mr. t?................pain
[15:57] {Threei} lol
[15:57] {Threei} good one
[15:58] {Threei} Ok guys, thank you all
[15:58] {Threei} have a good evening, see you tomorrow
[15:58] {brian3579} have a good night everyone
[15:58] {dptl} have a good evening all

Our host experienced major hardware failure over last two days. Please accept our apologies. No one was as frustrated as we were during this outage. As of this moment, all parts of our website are up and running again. Our trading sessions for these two days are posted below.

Happy Independence Day and happy Canada Day!



Session Time: Mon Jun 30 00:00:00 2008

[08:02] {_dagdet} good morning
[08:03] {Threei} Good morning
[08:04] {Threei} CPST activity
[08:06] {Threei} 4.20 Friday high, 4.42 52 week high
[08:09] {Threei} ABAT hits Fri highs too
[08:09] {brian3579} gm
[08:09] {Threei} brian :)
[08:28] {Threei} ABAT big bidder
[08:28] {Threei} (if true)
[08:38] {Threei} it was true
[08:38] {Threei} took whole bid in selling
[08:39] {Threei} definitely worth watching for another round
[08:39] {GeoArb} gm
[08:39] {Threei} Geo :)
[08:52] {Threei} oil hit new highs I see
[08:53] {Threei} hate to say it... but we are in for more pain
[08:53] {Threei} gas prices wise
[09:06] {magoo} morning
[09:06] {Threei} magoo :)
[09:06] {Threei} JADE
[09:06] {Threei} REPORTS Q1 $0.02 V -$0.02E, R$30.4M V $30.8ME
[09:06] {Threei} - Guides Q2 $0.02-0.03 v -$0.01e, R$31M v $32.4Me
[09:08] {fernp} Good morning
[09:09] {Threei} fern :)
[09:11] {Threei} energy-related ones are mostly on radar
[09:11] {Threei} BCON, 2.18 should be a long trigger
[09:11] {Threei} CPST
[09:11] {Threei} ABAT
[09:12] {dptl} good morning all
[09:12] {Threei} overall, remaining on a picky conservative side... short week, nervous market
[09:12] {Threei} dp :)
[09:13] {dino} gm all
[09:13] {Threei} dino :)
[09:14] {Threei} YHOO: MSFT UNRESPONSIVE AND 'INCONSISTENT' WITH REGARDS TO OFFER TALKS
[09:14] {Threei} lol
[09:15] {Threei} we said no about 53 times, and they don't ask 54th? how dare they... such incosistency
[09:15] {judijim} good morning everyone
[09:15] {Threei} jj :)
[09:16] {Threei} IMO, MSFT needs YHOO like fish needs an umbrella
[09:18] {Threei} I have an impression people fall asleep immediately after saying good morning
[09:18] {Threei} someone say something
[09:18] {kazaam} lol
[09:18] {Threei} thank you
[09:18] {_Lisa_Jay} Good morning.
[09:19] {Threei} Lisa :)
[09:19] {_Lisa_Jay} zzzzzzzzzz
[09:19] {Threei} lol
[09:20] {dino} making my rounds 3i, no offense
[09:21] {Threei} none taken
[09:21] {Threei} my only point is, I am not the only one who does things in his sleep
[09:21] {_Lisa_Jay} :-)
[09:23] {Threei} now, what's magoo's excuse... he has no rounds to make
[09:24] {magoo} making my rounds too...today is my bday
[09:25] {Threei} wow really? happy Birthday!
[09:25] {patience} happy birthday magoo :)
[09:25] {Threei} I bet dino's happy, he finally can count on magoo buying beer legally
[09:26] {dptl} Happy B-day Magoo :)
[09:26] {tomg} gm all, happy birthday magoo :)
[09:26] {Threei} hi tom :)
[09:26] {fernp} happy Birthday magoo!!
[09:27] {dino} lol 3i
[09:28] {magoo} THANX..now if only market would give me a BIG gift he he
[09:28] {Threei} let's see... but fear not - if it doesn't we always have congratulatory trout for you
[09:31] {Threei} CPST 4.20 long if stays above 4.10
[09:31] {_Lisa_Jay} Happy Birthday Magoo.
[09:32] {Threei} make sure this NITE offer is getting taken
[09:32] {Threei} nice buy
[09:34] {cosmo} RADN pre mkt high = 11.48 fwiw
[09:40] {Threei} QATAR SAYS OIL SUPPLY WILL NOT BE HIT IN THE EVENT OF THE ATTACK ON IRAN
[09:41] {cosmo} who's oil supply?
[09:42] {Threei} Qatar's?
[09:42] {cosmo} hmm
[09:44] {dino} well, let's just throw out some craziness in the oil markets
[09:45] {Roman} 21 long JASO off .90
[09:45] {Threei} JUNE CHICAGO PURCHASING MANAGER'S INDEX: 49.6 V 48E
[09:45] {Roman} 21 17.90
[09:45] {dino} fwlt sm l .50
[09:46] {fernp} out HBAN +.10
[09:47] {dino} gj
[09:48] {magoo} l jaso .90 with rfr
[09:48] {Roman} 21 WB bounce
[09:48] {dino} teloz more blood
[09:50] {Roman} 21 no bounce WB
[09:50] {Threei} market hasn't woke up yet... no volume, no real activity
[09:51] {Roman} 21 out JASO -.07
[09:51] {Threei} ABAT 6.10 long if stays above 6
[09:51] {kazaam} its fine, nobody is awake yet, i just realized I was trading on the wrong account, heh
[09:52] {Threei} rofl
[09:52] {Threei} neighbor's?
[09:52] {kazaam} my dogs account...
[09:52] {dino} sm l hero .68, stop .37
[09:54] {dino} lol
[09:54] {dino} well, it is kind of a "dog" market
[09:54] {Threei} BRCM short as close to 27.90 as you can get
[09:55] {magoo} stopped JASO
[09:55] {kazaam} is BRCM is play on daily resistance?
[09:56] {Threei} resistance on daily, geeral market weakness, intraday tops out about where daily does
[09:59] {Roman} 21 in WB
[09:59] {Roman} 21 bounce 15 full
[09:59] {Threei} CPST stopped
[09:59] {fernp} stopped CPST
[09:59] {dptl} stopped cpst
[09:59] {Threei} cover half BRCM who got it
[09:59] {Roman} 21 stop under 14.81
[09:59] {Roman} 21 14.92
[09:59] {Threei} stop to .91
[10:00] {stevefo} great brcm call
[10:00] {Threei} ty
[10:01] {Roman} 21 stopped WB -.10
[10:02] {Roman} 21 will try again WB on 15 break
[10:04] {Threei} stop to .81 BRCM
[10:05] {Roman} 21 in WB
[10:05] {Roman} 21 full
[10:06] {Threei} cover 1/4 more on spike down after .50 break
[10:07] {Threei} stop to .75 for the last portion
[10:07] {Threei} +.40 from .85 entry
[10:07] {Threei} nice scalp WB, ty Roman
[10:07] {Roman} 21 out 1/2 WB +.18
[10:09] {Roman} 21 SQNM is in its own world
[10:09] {Threei} yeah, just popped on scanner
[10:09] {Threei} 16 break half lot with strop under 15.80?
[10:09] {Roman} 21 not sure really
[10:10] {Roman} 21 it's very jumpy
[10:10] {Threei} that's why half lot :)
[10:10] {Roman} 21 alright
[10:10] {Threei} or less
[10:10] {Roman} 21 ENER
[10:10] {_dagdet} Vad, how much is half lot?..
[10:11] {Threei} depends on what full lot is for each trader dagdet... my normal lot is 1000
[10:11] {Threei} it's dictated by one;'s risk tolerance and account size
[10:11] {_dagdet} ah, I see, thx
[10:11] {esemde} morning....slept in!!!. whats happening
[10:12] {Threei} I am not normally willing to lose more than $250 on any single trade
[10:12] {Threei} ese :)
[10:12] {Threei} so with stop about 20-25 cents I would normslly play 1000 shares,
[10:12] {Threei} but SQNM is a bit too volatile,
[10:12] {Threei} slippage is very possible on exit
[10:12] {_dagdet} right
[10:12] {Threei} thus I'd keep it to 500
[10:13] {esemde} thaats the first thing thats popped up on my screen
[10:13] {esemde} sqnm
[10:13] {Threei} and with risk about $100-150, why not
[10:13] {Threei} done with BRCM
[10:13] {Roman} 21 JSDA
[10:13] {Threei} nice smooth trade
[10:13] {Roman} 21 very thin small , feels higher
[10:14] {Threei} not every day you get such a pleasant ride from BRCM
[10:17] {Roman} 21 HYGS
[10:17] {Roman} 21 long
[10:17] {Roman} 21 1.63
[10:19] {Roman} 21 CSIQ
[10:19] {Roman} 21 long super smal
[10:19] {Roman} 21 41.39
[10:19] {Threei} 3 shares?
[10:19] {Roman} 21 200
[10:19] {Threei} that's just small... not super small :)
[10:21] {Roman} 21 market needs a bounce day
[10:21] {Roman} 21 maybe today could be it
[10:21] {Threei} I vote for whole week patriotic rally
[10:22] {magoo} for r4eal vad or being funny?
[10:22] {Threei} just expressing my desire
[10:22] {Threei} overall, I believe we are still in bear
[10:22] {Threei} and it's not likely to end anytime soon
[10:22] {magoo} well sure...but we need a violent bounce someday
[10:23] {magoo} bear mkt bounces are killers
[10:23] {Threei} oh yeah, and we will get those
[10:23] {Threei} exactly
[10:23] {dino} joyg sm l .80
[10:23] {Threei} SQNM
[10:23] {Threei} trrrying
[10:24] {Threei} no break yet but came close
[10:24] {Threei} if holding that .80 and breaks, should work
[10:25] {Threei} nope, didn't hold support
[10:25] {Threei} losing interest
[10:25] {dino} hero stop to b/e
[10:27] {Roman} 21 ABAT vad?
[10:27] {Threei} break looks valid...
[10:28] {Threei} just not sure whether right place for a stop would be .99 or .94
[10:29] {Chaeron} GM all
[10:29] {Threei} chaeron :)
[10:29] {esemde} CCCCCHHHHHbaby!!!!!
[10:29] {Chaeron} heyya ese!
[10:30] {esemde} it's summer holidays for me
[10:32] {dino} nice
[10:32] {Threei} VNDA
[10:32] {Threei} your baby roman
[10:32] {Threei} any interest in ounce?
[10:32] {Threei} selloff is on a grand side
[10:33] {Roman} 21 nothing on it
[10:33] {dino} out joyg .06 +.26
[10:35] {dino} hero to .98
[10:35] {Roman} 21 out CSIQ +.11
[10:37] {Roman} 21 EPEX looks interesting
[10:37] {dino} out hero .08 +.40
[10:37] {Roman} 21 long 1/2 on 5.70
[10:39] {Roman} 21 back in CSIQ
[10:39] {Roman} 21 super small 41.31
[10:40] {Roman} 21 stopped CSIQ -.31
[10:40] {dino} cme v sm l .50
[10:41] {dino} v wide
[10:45] {Threei} SAUDI OIL MINISTER: "NOT HAPPY" WITH RISING OIL PRICES, THERE IS PLENTY OF SPARE OIL CAPACITY AVAILABLE, COULD PUMP 11M BPD AT A SUSTAINABLE PACE
[10:45] {Threei} - Notes that the Khursaniyah field will start producing in August, reiterates OPEC stance that high oil prices are due to speculation
[10:45] {Threei} US SAYS IT WILL NOT ALLOW IRAN TO CLOSE KEY GULF OIL ROUTE
[10:45] {Threei} - Note: Yesterday Revolutionary Guard's Commander In Chief Mohammad Ali Jafari stated to papers that if Iran is attacked, it will act immediately to control and defend the Strait of Hormuz.
[10:52] {esemde} Long JBHT.33.25
[10:52] {esemde} 3/4 lot
[10:54] {fernp} out TRAK +.10
[11:00] {magoo} go mkt gooo
[11:03] {Threei} ROYL
[11:03] {Threei} this pullback maybe an entry
[11:03] {Threei} .60 support for stop plavcemnt
[11:04] {Roman} 21 QTWW
[11:04] {Roman} 21 off 3.00
[11:04] {Roman} 21 full
[11:10] {esemde} out JBHT 33.30
[11:10] {esemde} +.05
[11:10] {Roman} 21 FEED
[11:11] {esemde} hit my trailing stop....damn!!!!
[11:11] {Roman} 21 missed it
[11:18] {esemde} JBHT tick me off or what........
[11:18] {Threei} sheesh HYGS
[11:19] {Roman} 21 out 1/2 HYGS\
[11:20] {Roman} 21 WB
[11:20] {Roman} 21 now ready for sqeeze
[11:20] {Roman} 21 imo
[11:22] {fernp} out ARRS +.14
[11:24] {Roman} 21 in WB again
[11:24] {Roman} 21 15.10
[11:28] {Threei} got target in mind Roman?
[11:28] {Roman} 21 $16 by eod
06[11:28] * Threei drops from his chair
[11:29] {dino} cme stop to 389.24
[11:30] {dino} 390.24
[11:30] {dino} out 390.36, +4.86
[11:30] {Roman} 21 wwwwwwwwwwwwwwwwwwwwwwwwwwwooooooooooooooooooooooooww
[11:31] {Threei} eeck
[11:31] {dino} lucky and small
[11:31] {Roman} 21 ssssssssssskdladfja;lfjieoajoeawfj
[11:31] {dino} and early i see
[11:31] {Chaeron} great dino!!!
[11:31] {dino} ty
[11:32] {patience} dino, this would be a nice birthday present for magoo
[11:32] {patience} ok, maybe not
[11:33] {Roman} 21 dino, maybe something other than natural gas today for Magoo?
[11:33] {dino} ironically, he told me to let him know when i took it, and i told him. we had talked about it friday over beers
[11:33] {dino} lol
[11:39] {esemde} just looked at it....nice one dino
[11:41] {Roman} 21 REDF spike with vol
[11:42] {Roman} 21 don't see news yet
[11:44] {dino} bit of luck es
[11:44] {hawkfan4} 11:43 REDF Rediff.com India spikes as a fund manager on CNBC notes REDF as a buy (7.10 +0.70)
[11:46] {dino} i can't borrow it
[11:47] {Threei} borrowable here
[11:47] {Threei} just not sure it's a short yet
[11:47] {esemde} taking a gamble on ESLR at this level full lot....9.85 don't try this at home
[11:47] {dino} was thinking 8.20
[11:48] {esemde} if heads any lower...will average in some more
[11:48] {Threei} nice QTWW
[11:49] {esemde} they did dilute shares a little last week but not enough to count as far as i'm concerned
[11:49] {esemde} are you in that Vad
[11:50] {Threei} took it on Roman's call earlier
[11:50] {esemde} nice
[11:50] {Threei} and was bold enough to take decent size
[11:51] {esemde} ouuuuu shivers
[11:53] {dino} chke drop
[11:53] {dino} thin
[12:00] {hawkfan4} SQNM high
[12:07] {Threei} became quite hard to trade
[12:10] {Roman} 21 out remaining HYGS +.16
[12:11] {Threei} this one I missed
[12:12] {esemde} just noticed that if ESLR goes up from here it will have formed de "QUADRUPE DU BOTTOMAIRE" which can lead to a significant move up
[12:13] {esemde} I new that french in school would come in handy someday
[12:13] {Threei} lol
[12:15] {Threei} guess what Saudi oil minister just said
[12:15] {Threei} yup, you guessed right:
[12:15] {Threei} SAUDI OIL MIN: OIL MARKET IS WELL SUPPLIED, PRICE DRIVEN BY SPECULATION; READY TO PROVIDE WHATEVER CUSTOMERS REQUIRE
[12:16] {Chaeron} I require about 23 gallons for my car, can I bill him?
[12:16] {Threei} USO nodded and went up
[12:19] {Threei} 40 cents spike since he opened his mouth
[12:24] {Chaeron} abat?
[12:25] {Threei} don't chase here
[12:25] {Threei} was half hearted call much earlier at 6.10
[12:25] {Chaeron} thanks
[12:26] {Threei} makes nasty pullbacks
[12:26] {Threei} if you like it wait for one
[12:28] {Threei} see?
[12:28] {Chaeron} yep... no thanks
[12:33] {dino} mxwl
[12:34] {Threei} Roman may be right on WB... nice bounce
[12:35] {Threei} my scalper's blood boiled too much, not in anymore
[12:35] {Roman} 21 i know
[12:38] {Threei} isn't it amazing how with all the talks about plentiful supply and regulation of oil trading, it continues making new highs
[12:38] {Threei} typical tape reading situation... divergence between information and price action, go with price and you'll be on a right side
[12:40] {dino} mxwl sm l .91
[12:43] {esemde} yaaaaa......it's also making new highs from my wallet when I fill up at the pump....
[12:43] {esemde} or should I say lows....
[12:45] {dptl} got to go... have a good rest of the day all...see ya tomorrow
[12:45] {Threei} take care dp
[12:46] {magoo} bye dp
[12:46] {esemde} see ya dp
[12:50] {dino} cya dp
[12:57] {Threei} why didn't we go for re-shorting BRCM when it came into 28 again...
[13:00] {kazaam} vad, I guess i can't request DCC? I had a question about Globus
[13:00] {Threei} just doubleclick on my nick
[13:01] {Threei} LOCM
[13:01] {Threei} SIGNS AD PACT WITH WHITE DIRECTORY PUBLISHERS, A DIVISION OF HEARST
[13:02] {Chaeron} ROYL got some love....
[13:10] {Threei} SNDK, what a fall from grace
[13:11] {Threei} I am about to start crying:
[13:11] {Threei} IRANIAN OFFICIAL: REITERATES THAT THERE IS PLENTY OF OIL IN THE CURRENT MARKET SUPPLY
[13:20] {Threei} SNDK probably worth a bounce scalp attempt
[13:21] {Threei} .82 with .74 stop
[13:31] {dino} mxwl stop to .30
[13:35] {dino} to .44
[13:36] {dino} out slippage ave .42, +.51
[13:46] {Threei} US TREASURY'S PAULSON: WILL EXPAND FED'S ROLE AS MACRO STABILITY REGULATOR (TEXT OF SPEECH TO BE GIVEN JULY 2)
[13:47] {Threei} fox in henhouse
[13:54] {Roman} 21 looks like GOLD wants to play
[13:54] {Threei} market can't hold up
[13:56] {Threei} LEH takes beating again
[13:56] {Threei} MOVES OUT TO A NEW 52 WEEK LOW, BREAKING LOW SEEN IN MID-MARCH WHEN LIQUIDITY RUMORS HIT LEH AFTER THE BEAR STEARNS BAILOUT; LEH AT LOWEST LEVEL SINCE MID-2000
[13:57] {_Lisa_Jay} FMX
[14:05] {Threei} quite a bounce
[14:05] {Threei} looking for short entry
[14:05] {Threei} .65 nearest resistance
[14:05] {Threei} ugh... missed
[14:05] {Threei} want it above .50
[14:08] {Threei} IDIX .35 52 week high
[14:09] {Threei} LEH was such a clean scalp
[14:09] {Threei} should have been thinking faster
[14:14] {Roman} 21 REDF new highs
[14:14] {Roman} 21 SIFY starting to follow
[14:14] {Threei} quite persistent buying REDF
[14:14] {Threei} usually those CNBXC hypes fail quickly
[14:20] {Threei} solars are out of favor
[14:35] {cosmo} dermatologist recommendation?
[14:35] {Threei} .50 break should launch next leg WB
[14:41] {Chaeron} can SNDK redeme itself with break of .81?
[14:42] {Threei} chart wise it looks good but it needs maerket help
[14:43] {Chaeron} market says "naaaa... I'm not helping anyone.."
[14:45] {Threei} anyone who is trying to reach RT website... just got an update from host
[14:45] {Threei} they experienced serious hardware failure, need a bit more time to restore it
[14:45] {Threei} can't give an ETA
[14:46] {Threei} but working their sorry a$$es off
[14:46] {Threei} how's that for politically correct update?
[14:47] {Chaeron} your PM isn't worried about you taking his job anytime soon...
[14:47] {Threei} I guess not
[14:58] {dino} chke going for lod again
[15:05] {Threei} URRE
[15:05] {Threei} .76 long
[15:05] {Threei} aww
[15:05] {Threei} a bit late
[15:06] {Threei} .64 stop, see if you can get pullback
[15:13] {dino} hero sm l .10 stop lod
[15:13] {Threei} CHRYSLER REPORTEDLY TO REDUCE OUTPUT IN TRUCKS AND SUVS - DETROIT PRESS
[15:13] {Threei} really?
[15:14] {Threei} who went for WB .50 break?
[15:14] {hawkfan4} me :)
[15:14] {dino} chke sm l .54 stop .24
[15:14] {Threei} :)
[15:14] {Threei} good to know not everyone's asleep
[15:16] {patience} cashing out some positions before holiday tomorrow...positive day so far :)
[15:17] {Chaeron} what holiday?
[15:17] {dino} independence day usa, july 4th
[15:18] {patience} toronto and vancouver exchanges closed tomorrow for canada day
[15:18] {Chaeron} oh, thank you... happy celebrations to all you nice ppl to the north... stay safe
[15:19] {Threei} who told you we were nice?
[15:20] {Chaeron} you're known for it
[15:20] {Threei} we did good job pretending then
[15:28] {dino} chke not working, tighten to .33
[15:29] {dino} happy canada day
[15:31] {Threei} thank you
[15:32] {Threei} fireworks ensue
[15:44] {dino} hero stop to .17 running out of time
[15:46] {dino} out +.07
[15:48] {dino} chke stopped .34, -.21
[15:48] {dino} calling it a day, thanks all, good a..m.
[15:49] {Threei} take care dino
[15:49] {dino} u2
[15:52] {Threei} aside of BRCXM and WB, mostly sleepy day
[15:57] {hawkfan4} agree, pretty boring one. thx all.
[15:57] {Threei} thank you all
[15:57] {Threei} have a good evening
[15:57] {Threei} hopefully more activity tomorrow
[15:58] {dino} heck of a selloff into close
[15:59] {Threei} everyone's skeered
[15:59] {Threei} USO in green
[16:06] {_dagdet} goodbye thx everybody
[16:13] {esemde} checkin in after lunch....dino might be right...that 9}20 area for ESLR looks pretty god right now see you all tomorrow....


Session Time: Tue Jul 01 00:00:00 2008

[08:06] {hawkfan4} the end of the world part XXXIV i see
[08:06] {Threei} get your popcorn
[08:10] {Threei} I think it's magoo's fault
[08:10] {Threei} in a process of celebration he singlehandedly broke the entire economy
[08:10] {hawkfan4} lol, that's some serious partying
[08:11] {Threei} overloaded liquor industry with orders they couldn't keep up with
[08:11] {Threei} trucking industry with impossible volumes of deliveries
[08:12] {Threei} air and flower industries with "spread 15 tons of flowers above the city"
[08:12] {hawkfan4} that could explain this : 07:33 STZ Constellation Brands beats by $0.03, beats on revs; guides FY09 EPS in-line (19.86 )
[08:12] {Threei} see?
[08:12] {hawkfan4} :)
[08:13] {Threei} reminds me a joke about new russians partying in a resort town,
[08:13] {Threei} sleeping through eartquake warning and evacuation order,
[08:14] {Threei} one of them wakes up in the morning, comes out to the balcone for a morning cigarette,
[08:14] {Threei} overlooks ruined city, goes back to the room,
[08:14] {Threei} says to the rest of bunch:
[08:14] {Threei} well folks, I am afraid this time we won't be able to pay for all the damages
[08:15] {hawkfan4} lol :)
[08:36] {_Lisa_Jay} Good morning.
[08:37] {Threei} Lisa :)
[08:37] {_Lisa_Jay} Kids finally rid of viruses.
[08:38] {Threei} congratulations
[08:38] {_dagdet} good morning
[08:38] {_Lisa_Jay} Thanks.
[08:38] {Threei} morning dagdet
[08:38] {globus} very funny i like the joke
[08:39] {Threei} as if you never heard it before :)
[08:39] {Threei} in russian it sounds even funnier, trandslation loses the flavor
[08:39] {globus} i didn't
[08:39] {Threei} "bratva... na eytot raz ne rasplatimsja..."
[08:39] {globus} haha
[08:42] {GeoArb} gm
[08:42] {Threei} geo :)
[08:48] {Threei} so... end of the world today? or gets postponed again?
[08:51] {hawkfan4} i'm thinking bounce starts sometime today
[08:53] {_Lisa_Jay} Yes. me too.
[08:54] {Threei} IRANIAN OIL MINISTER: ANY ATTACK ON IRAN WOULD LEAD TO DISRUPTION IN OIL EXPORTS FROM THE MIDDLE EAST
[08:54] {Threei} the pace of ratcheting up these "atack Irna" talks in unbelievable
[08:55] {Threei} couple months aago that would be absolute sensation, these last few weeks it became like discussing weather
[08:57] {Threei} any better planet around? I would move
[08:58] {cosmo} plenty of oil on Titan fwiw
[08:58] {Threei} and sirens
[08:59] {Threei} sorry... deep cultural reference... didn't mean to overload sleeping people
[08:59] {Threei} Kurt Vonnegut... Sirens of Titan
[08:59] {Threei} one of my favorites
[08:59] {cosmo} uh
[08:59] {cosmo} k
[09:00] {Threei} one of those books I am capable of reading any number of times
[09:01] {Threei} along with 100 years of Solitude, Master and Margarita, City
[09:02] {Threei} keep War and Peace though, way too long
[09:02] {cosmo} sirens are often confused with manatee...right?
[09:02] {Threei} frikin oil just spiked almost to all time high
[09:02] {Threei} yes
[09:02] {cosmo} hmmm
[09:03] {Threei} in Seinfield-speak which dino will appreciate: "Ah, siren song... never what it promises to be yet who of mortals can resist it"
[09:04] {cosmo} i'll try
[09:05] {Threei} ok, did I put everyone in coma or did everyone run to the library to get their copies of books listed above? {GGG}
[09:06] {Threei} yup, coma it is... mission accomplished
[09:08] {dptl} good morning all
[09:08] {Threei} dp :)
[09:08] {dino} gm all, end of days again i see, perhaps some capitulation finally.
[09:08] {Threei} dino :)
[09:08] {fernp} gm all
[09:08] {Threei} yeah, we discussed it extensively
[09:09] {Threei} fern :)
[09:09] {Threei} promises to be one odf those days where you take it one trade at a time
[09:09] {Threei} and stay as cautious and conservative as it gets
[09:10] {Threei} if we get that dreadful waterfall selloff, potential to get caught in a nastiest loss possible is very high
[09:10] {Threei} so let's be very careful today
[09:10] {dino} seems to me tis could be fun today
[09:10] {dino} this
[09:11] {Threei} oh yeah
[09:11] {Threei} real panic, if it comes, often comes with extra "bonuses"
[09:11] {Threei} like quotes goling down, execution routes getting overloaded
[09:11] {Threei} as crowds rush for exit
[09:11] {Threei} forgetting to let elderly, women and kids first
[09:12] {dino} i like chaos
[09:13] {Threei} dino, if you scroll far up you'll see our assumption on how magoo is resp;onsible for this market crash
[09:14] {Threei} please confirm our suspicions
[09:15] {dino} indeed that is the case
[09:15] {magoo} ldgufmlljgnxldvjxiljhlkkjf : )
[09:15] {Threei} thank you, though so
[09:15] {Threei} here come He To Be Blamed
[09:15] {Threei} hi mags
[09:15] {Threei} no hangover?
[09:16] {magoo} nope..irish..we don't getr them because we just do a shot when wake up
[09:16] {Threei} good approach
[09:17] {Threei} be back in 5
[09:17] {judijim} good morning all
[09:17] {Threei} jj :)
[09:19] {esemde} morning.....will be with you for a little while then off to play Canada Day in Nanaimo...with my professional band The Midnights
[09:23] {hawkfan4} morning ese, sounds pretty cool
[09:23] {Threei} ese :)
[09:24] {magoo} vad..do not forget if short opportunity arrises...but also..may be good bounce day...
[09:24] {Threei} anyone takes bet on oil? I say new high today
[09:24] {esemde} should be fun hawk...gonna be 2 to 3 thousand people there
[09:25] {hawkfan4} wow, impressive :)
[09:25] {Threei} and that's an impressive band too
[09:26] {Threei} I can attest as I heard them personally
[09:27] {Threei} so... no takers??
[09:27] {Threei} just 5 mongol tougricks
[09:31] {dino} pretty lopsided bet, makes new high almost everyday
[09:31] {Threei} QTWW 2.86 long for a scalp if stays above 2.80
[09:31] {dino} cool es
[09:32] {esemde} interesting move by ESLR dino.......I bow to your sense of timing once again
[09:33] {Threei} watching BRCM for possible short
[09:33] {Threei} or, if NQ jumps up, break of 27 for a scalp long
[09:34] {dino} 8.71 area, imo
[09:34] {Threei} stop .89
[09:34] {dino} but i feel we are too soon, markets not done yet, imo
[09:35] {Threei} 1;1
[09:35] {Threei} just a scalp, don't sit on it
[09:35] {dino} like spwr better es
[09:36] {Threei} .79 becomes a short trigger now
[09:37] {esemde} boy that looks good to dino..
[09:37] {esemde} that would be a minimum $30 bounce
[09:38] {Threei} stop either .95 or above 27
[09:39] {Threei} hard to tell which is better, kind of personal preference
[09:40] {dino} greedy there
[09:40] {Threei} VVUS wierdly strong
[09:41] {Threei} die BRCM
[09:42] {dino} watching spwr, bucy, fwlt
[09:42] {dino} de
[09:43] {dino} steels getting whacked
[09:43] {dino} cenx, nue
[09:44] {Threei} NVDA .35 short trigger if stays under .50
[09:45] {dino} nice cenx
[09:46] {Threei} HYGS just won't quit
[09:46] {Threei} what a spot Roman
[09:48] {Roman} 21 JASO
[09:48] {Roman} 21 bounce
[09:48] {Threei} ok market, decide already
[09:48] {dino} sm l cenx .75
[09:48] {magoo} feels up lord vader
[09:49] {Threei} really can't tell mags... chart configuration looks up, but volume is very questionable on bounces
[09:49] {dino} cenx stop is in the .20s
[09:49] {magoo} vad look aapl chart quivck
[09:49] {magoo} as a short scalp
[09:50] {Threei} with stop above .50
[09:50] {dino} stopped -.37
[09:50] {magoo} well
[09:50] {Threei} nope, jumped above it
[09:50] {magoo} next naz downtick probably
[09:50] {Roman} 21 ENER bounce
[09:51] {Threei} nice JASO Roman, got .39 on your mention
[09:51] {Threei} scalped naturally
[09:51] {Roman} 21 long VNDA
[09:51] {Roman} 21 small vnda 3.36
[09:52] {Threei} BRCM stop .91 now
[09:53] {dino} spwr sm l .80
[09:53] {Threei} cover half BRCM here
[09:53] {Threei} +.20 or so
[09:53] {Roman} 21 long REDF small 7.35
[09:53] {Roman} 21 slow
[09:53] {Threei} scalpers take profit
[09:54] {Threei} I'll try to ride half, it started breaking down even as NASDAQ makes days high
[09:57] {dino} v. sm cme, wide l 76.15
[09:58] {dino} ma strong
[09:58] {dino} gs too
[10:00] {Roman} 21 long WM
[10:00] {Threei} UN ISM MANUFACTURING: 50.2 V 48.5E; PRICE PAID: 91.5 V 87.0E
[10:00] {Roman} 21 5.10
[10:00] {Threei} MAY CONSTRUCTION SPENDING M/M: -0.4% V -0.6%E
[10:01] {cosmo} CELG
[10:01] {Threei} new low BRCM a minute ago just before market jump, stop to .81
[10:01] {Roman} 21 CSIQ
[10:01] {Threei} look at WB recovery today Roman
[10:01] {Roman} 21 long
[10:01] {cosmo} CELG hod = 66.37
[10:01] {Roman} 21 i see vad
[10:02] {Threei} me crying
[10:02] {Roman} 21 in CSIQ 38.48 area
[10:03] {Threei} HYGS new high
[10:03] {Threei} why aren't we in
[10:04] {Threei} if pulls back closer to 2.10 will hunt for entry
[10:04] {Threei} done with BRCM short
[10:05] {Roman} 21 out 1/2 REDF +.30
[10:06] {Roman} 21 SQNM vad
[10:07] {Threei} 16 break?
[10:07] {Roman} 21 not me, just commenting
[10:08] {Threei} HYGS pullback
[10:08] {dino} stopped cme
[10:08] {Threei} teleported right back to the high without filling my .16 bid
[10:12] {Threei} in 2.14
[10:12] {dino} markets confused
[10:13] {Threei} badly
[10:13] {dino} out spwr .20, +.40\
[10:14] {Roman} 21 PAAS
[10:14] {Roman} 21 out WM -.05
[10:20] {Threei} out HYGS with scalp
[10:25] {Threei} you all alive out there?
[10:26] {dino} y
[10:26] {Threei} apparently not all {G}
[10:27] {fernp} I am alive, but RT website still is down :)
[10:27] {Threei} it is :(
[10:27] {brian3579} im alive
[10:27] {dino} sm risky s cpla .79
[10:27] {Threei} good... I heard of winter hybernation, but summer one?? :)
[10:28] {brian3579} hd
[10:29] {brian3579} sorry
[10:30] {brian3579} maybe I'm not alive
[10:30] {Threei} sometimes it's not easy to find out, I agree
[10:30] {Threei} pulse is commonly acknowldeged but very inaccurate indicator
[10:33] {esemde} have a great all
[10:34] {Threei} tgake care ese, have a safe trip over that Malahat
[10:34] {dino} cenx sm l .74
[10:36] {dino} cpla bstop is .06 fwiw
[10:37] {Roman} 21 long WB
[10:38] {Roman} 21 15.68 stop under 15.50
[10:42] {dino} sm l dwsn .25
[10:44] {Chaeron} GM all
[10:46] {Roman} 21 COIN spike
[10:46] {Roman} 21 on CNBC
[10:46] {dino} cpla stopped ave .85, -.06
[10:47] {magoo} sh aapl here .50 smalllllllll
[10:48] {magoo} cvhrist.as i type entry im out $$
[10:48] {Threei} US STATE DEPT SPOKESPERSON QUESTIONS ABC REPORT, NOTING THERE IS ;NO INFORMATION' THAT ISRAEL WOULD ATTACK IRAN
[10:48] {Threei} - Reminder last night a US Senior Defense Official there is an "increasing" chance that Israel would attack Iran - ABC
[10:49] {dino} nue sm l .00
[10:50] {Roman} 21 stopped WB
[10:51] {Roman} 21 COIN Converted Organics ticks highers following a CNBC segment that discussed alternatives to the ever rising costs of fertilizer (6.28 +0.94)
[10:55] {dino} nue stopped -.40
[10:59] {dino} rinsed
[11:00] {dino} nue last try .00
[11:01] {Threei} I guess end of the world is canceled for today
[11:01] {Threei} sky is not falling
[11:02] {dino} out cent .29, +.55
[11:06] {dino} sm l fwlt .65
[11:07] {magoo} still could fall and end of days by 4 pm
[11:07] {Threei} COIN is not done... strange
[11:07] {Threei} CNBC hypes move more lately
[11:07] {Threei} same thing with REDF yeaterday
[11:08] {magoo} currupt bastatds
[11:08] {Threei} lol
[11:08] {magoo} sheesh.spelling
[11:10] {Threei} can you believe NASDAQ actually went green?
[11:10] {Threei} shows you how much preliminary assumptions are really worth
[11:10] {magoo} but didn't hold it long
[11:11] {dino} cenx sm l .13
[11:15] {dino} out nue .47, +.47
[11:16] {Roman} 21 CPSL
[11:17] {Roman} 21 .
[11:17] {Threei} CPSL is steel, right?
[11:17] {dino} dk
[11:17] {Roman} 21 yes
[11:18] {Roman} 21 TBUS DRI Corp reaffirms guidance (2.75 0.00)
[11:24] {dino} cenx stopped .95 -.18
[11:32] {Threei} JASO
[11:32] {Threei} .08 long with stop under 16
[11:39] {kazaam} ctv, good cup and handle?
[11:40] {Threei} I am not delighted to say honestly
[11:44] {magoo} why 08 vad?
[11:44] {Threei} invalidated anyway
[11:45] {magoo} vad, look at CME
[11:45] {Threei} topped out at .07 twice before, while holding 16
[11:45] {Threei} so that became a setup formation
[11:45] {magoo} gotcxha
[11:45] {magoo} sigh
[11:45] {Threei} I don't want to look at CME... must I?
[11:45] {magoo} yep
[11:46] {Threei} spread burns my retina
[11:46] {magoo} wheres it going?350 magnate?
[11:51] {Roman} 21 LLNW
[11:51] {Roman} 21 taking a change long around here
[11:51] {Roman} 21 4
06[11:55] * magoo slaps laserdave1 around a bit with a large trout
[11:55] {Threei} good idea
06[11:55] * Threei slaps laserdave1 around a bit with a large trout
06[11:55] * Chaeron slaps laserdave1 around a bit with a large trout
[11:55] {dino} titn
[12:08] {dino} cpla sm l .05
[12:12] {Threei} OK, end of the world is back on track
[12:12] {Threei} I don't see much stock following, sol want to use QID
[12:12] {Threei} pullback into .50 area for long
[12:14] {Threei} wow... Ford, SUV sales down 28%, pickups over 40%
[12:15] {magoo} and those 2 are prob best selling ford models normally
[12:16] {hawkfan4} all the construction workers that would buy new pickups are out of work
[12:17] {Threei} no pullback so far QID
[12:17] {Threei} not chasing
[12:20] {Roman} 21 TTIN bounce
[12:20] {Roman} 21 long super small
[12:20] {Roman} 21 26.99 wide
[12:20] {Roman} 21 stop
[12:20] {Threei} bidding half lot QID .60
[12:26] {dino} titn?
[12:27] {Threei} I guess gotta go for break QID
[12:28] {Threei} 45.01
[12:28] {Threei} half lot only
[12:28] {Threei} 46.01 sorry
[12:31] {Threei} tough battle here... but feels like NQ is going to lose it
[12:38] {Threei} trying to get a feel if bounce is over or there is one more spike to it
[12:38] {Threei} IRANIAN FOREIGN MINISTER: WE DO NOT EXPECT ISRAEL TO ATTACK IRAN - NBC INTERVIEW
[12:39] {Threei} this is becoming truly ridiculous
[12:39] {magoo} so pretty good sneak attack opportunity??
[12:39] {hawkfan4} lol mags, was thinking the same thing :)
[12:41] {Threei} in QID .73, first try
[12:41] {Threei} .65 stop
[12:41] {Threei} may have to do it in several attempts
[12:41] {magoo} see, problem is isreal would like nothing better than to exterminate them...and when better than with u.s forces in region
[12:42] {Threei} don't tryit if you are not willing to take couple stops along the road
[12:44] {Threei} half out .93
[12:44] {Threei} _.20
[12:44] {Threei} +.20
[12:44] {Threei} stop to .69
[12:45] {Threei} first try worked... nice
[12:48] {Threei} out for now
[12:55] {dino} titn sm l .80
[13:00] {Threei} back in QID
[13:00] {Threei} USO just spiked
[13:00] {Threei} .45 stop
[13:01] {Threei} kind of assumption-based trade
[13:01] {Threei} USO spike should send market down, thus QID up
[13:01] {Threei} stop is small enough to check the assumption
[13:02] {Threei} nope, wrong
[13:10] {magoo} man..i feeling a bounce..but do not trade that..just saying
[13:11] {magoo} l rimm .90
[13:11] {magoo} small as vads w@#ner
06[13:11] * Threei slaps magoo around a bit with a large trout
[13:18] {magoo} out here .32 + .37..did i mention SMALL SIZE he he
[13:22] {dino} novn
[13:27] {Threei} missed QID bottom
[13:33] {magoo} vad, u usually have good overall market direction feel..what u think here at this point?
[13:34] {Threei} down
[13:37] {magoo} man of few words {or he's mad at magoo }
[13:37] {Threei} lol
[13:38] {Threei} what to add to :down" :)
[13:38] {magoo} than a man of deep conviction
[13:39] {magoo} DOWN
[13:40] {Threei} in QID long, stop under .40
[13:40] {Threei} all QID plays are half lot
[13:40] {Threei} again... it likes to shake out
[13:40] {Threei} either play with wider stop or count on multiple tries
[13:40] {magoo} where u in?
[13:40] {Threei} .49
[13:41] {magoo} ok
[13:41] {Threei} over 1:1
[13:47] {Threei} back in .36
[13:47] {Threei} stop .29
[13:48] {Threei} this one got away
[13:53] {Threei} what's got into GM?
[13:54] {Threei} REPORTS JUNE VEHICLE SALES 265K UNITS -18.5% (UNADJUSTED) V -32.5%E (UNADJUSTED BASIS)
[13:54] {Threei} - Car sales -21.1%, Truck sales -6%
[13:54] {Threei} - Inventory 788K, -267K y/y
[13:54] {Threei} - Q2 production at 835K (-27% y/y)
[13:54] {Threei} - Guides Q3 production forecast of 900
[13:54] {Threei} - on an adjusted basis GM reports June sales -8% v -21.5%e
[13:54] {Threei} and this made market happy?
[13:55] {patience} jim cramer at 1:51 said GM's numbers weren't absolutely positively awful so people feel better
[13:55] {Threei} sigh
[13:56] {magoo} cramers killing people the last month
[13:58] {dino} out titn .20, +.40
[14:01] {Threei} wtg
[14:01] {Threei} SPENDINGPULSE: 4 WEEK US RETAIL GASOLINE DEMAND -2.9%
[14:03] {Threei} NQ green
[14:03] {Threei} end of the world is off again
[14:07] {magoo} i keep going out on window ledge to jump...and dino keeps calling me back in
[14:07] {Threei} USO 50 cents drop in one gulp
[14:08] {patience} your office is on the ground floor magoo?
[14:09] {magoo} second floor pat...just high enough to really really hurt...but not enouigh to get the job done lol
[14:09] {patience} dino, you think dow is green by end of day?
[14:09] {magoo} last time i jumped broke both ankles
[14:10] {dino} y
[14:11] {dino} feeling +50 dji give or take
[14:13] {dino} titn .09 l sm
[14:24] {Threei} short QID
[14:24] {Threei} .55 stop
[14:26] {Threei} covered half
[14:27] {Threei} .51 stop
[14:28] {Threei} only scalping part works
[14:29] {Threei} USO spike 60 cents
[14:38] {magoo} power up going on
[14:38] {magoo} going gggggggggggrrrrrrrrrrreeeeeeeeeeeeeeeeennnnnnnnnnnnnnnnnnn
[14:39] {Threei} short QID .29 then
[14:39] {Threei} matches NQ break of 1860 resistance
[14:40] {magoo} in
[14:40] {magoo} .32 sh
[14:40] {Threei} .45 stop?
[14:41] {magoo} its your trade..u tell me
[14:41] {Threei} I am trying to encourage independent thinking
[14:41] {Threei} anyway, you are in the money nicely :)
[14:42] {Threei} cover
[14:42] {Threei} half at least
[14:42] {magoo} covered here .10 TY
[14:42] {Threei} better take scalp IMO
[14:42] {Threei} :)
[14:42] {Threei} all markets are green
[14:43] {Threei} market will never go down again
[14:43] {Threei} to the moon in a straight line
[14:43] {magoo} [14:41] {Threei} I am trying to encourage independent thinking
[14:43] {Threei} uh oh
[14:43] {magoo} after a tough bday??
[14:43] {Threei} oh... sorry
[14:43] {Threei} my fault, what was I thinking
[14:43] {Threei} anyone covered half, get out here in full
[14:44] {Threei} look at GM go
[14:45] {Threei} how pathetic things must be for the market to get that happy on "not-so-godawful results"
[14:46] {Threei} QID bounce time after one more leg down
[14:47] {dino} out fwlt .68, +.93
[14:47] {dino} opps +1.03
[14:47] {fernp} gj
[14:47] {dino} out cpla .80, +.75
[14:47] {Threei} beauty
[14:48] {dino} ty, lucky
[14:48] {Threei} dino haven't noticed two ends of the world and two recoveries, with all his incessant money-making
[14:49] {dino} not really, i'm off my monthly, weekly, and daily goals, running roughly 75% of goals
[14:49] {Threei} I don't want to be rude but...
[14:49] {dino} i should be doing better, my entries are off
[14:49] {Threei} cry me a river {G}
[14:49] {Threei} month when the world is hurting,
[14:49] {Threei} people lose their shirts on every corner
[14:49] {dino} kind of disappointed, i usually have my best weeks/months in the chaos
[14:50] {Threei} you made just 75% of you goal
[14:50] {dino} y
[14:50] {Threei} want cheese with that whine? {G}
[14:50] {Threei} ah who am I kidding, I enjoy being rude
[14:50] {Threei} here:
[14:50] {dino} lol, i guess i expect too much sometimes
06[14:50] * Threei slaps magoo around a bit with a large trout
[14:50] {dino} lets see if titn can help
[14:51] {Chaeron} I'm tired of being known as a nice guy....
[14:51] {Threei} so?
[14:51] {Chaeron} hi again all. sorry I've been swamped
[14:51] {Threei} wha keeps you from diasproving that reputation?
[14:51] {Threei} slap magoo into blackout
[14:51] {dino} we had the +50 patience
[14:51] {patience} good call dino
[14:51] {Chaeron} }:)
[14:52] {dino} lucky, most likely down again to hurt some
[14:52] {dino} imo
[14:52] {Threei} I guess combined effect of oil and GM saved market's bacon today
[14:53] {patience} i'm still thinking dow goes down to 10,000 but not today :)
[14:53] {Threei} too bad
[14:53] {Threei} I'd love to see it over in one day
[14:53] {Chaeron} so I can re-wear my Dow 10K party hat???
[14:53] {Threei} and us being set free finally
[14:53] {dino} if thats good from gm, we are in serious trouble, at that rate they will be in bankruptcy by october
[14:53] {Threei} exactly my point earlier dino
[14:53] {Threei} [14:45] {Threei} how pathetic things must be for the market to get that happy on "not-so-godawful results"
[14:53] {dino} y
[14:54] {Threei} if they improve like that couple quarters more, american auto industry will be no more
[14:54] {Threei} tata will take over
[14:54] {dino} f and gm will be wiping out the common stock soon
[14:55] {Threei} you guys better start learning to pronounce zhiguli
[14:55] {Threei} because USSR named it Lada so you could say it... this time around they won't care
[14:56] {dino} lol
06[14:56] * Chaeron getting a Harley and a couple of Smith and Wessons
[14:56] {Threei} kalashnikoff won't hurt either
[14:57] {Chaeron} that would improve my image
[14:57] {magoo} ahhh..AK47
[15:00] {cosmo} ABAT
[15:00] {cosmo} hod
[15:02] {cosmo} testing
[15:02] {cosmo} .74
[15:08] {cosmo} ....next time maybe
[15:08] {Threei} QID long on this pullback
[15:08] {Threei} .95 stop
[15:09] {Threei} in
[15:13] {magoo} im leaving with dino today..had best day of year today..thanx all
[15:14] {magoo} be in tomorrow
[15:14] {Threei} wtg magoo
[15:14] {Threei} out QID +.21
[15:14] {Chaeron} nice job mags
[15:15] {kazaam} congrats mags
[15:16] {dino} yeah,have to leave at 3:30; son's all star team won 1st 2 games in districts, they win tonight they are champs, then on to philly
[15:16] {Threei} cool good luck
[15:17] {dino} ty
[15:19] {Threei} uncertain moment here, nort sure long or short QID
[15:19] {Threei} ugh... too bad, re-entry long would have been instrant win
[15:20] {Threei} CHRYSLER LLC REPORTS US JUNE SALES -36% (UNADJUSTED BASIS)
[15:20] {Threei} - sold total of 117,500 units
[15:20] {Threei} - extends its $2.99/gallon gas program to July 31
[15:20] {Threei} and Moody cuts MER tranches
[15:21] {Threei} news propped this drop
[15:22] {magoo} well, ood buddy ross perot says"if u take a penny and double it...you up 100% " he he
[15:25] {Chaeron} I miss his charts and graphs chats on tv......
[15:27] {Threei} .21 long QID
[15:28] {Threei} .13 stop
[15:28] {Threei} no worky
[15:29] {Threei} quite a few QID plays today, noticed how to make'em work?
06[15:29] * Chaeron slaps laserdave1 around a bit with a large trout
[15:30] {Threei} a few small stops and reentires, wins are generally twice as big
[15:30] {dino} ok gotta hop, hasrd stop lod titn. letting dwsn ride
[15:30] {Chaeron} bye dino
[15:30] {Threei} take care dino
[15:31] {dino} ty
[15:31] {Threei} another way will cut down on stops greatly but increase amount of missed plays:
[15:31] {Threei} skip trigger entry, wait for it to vie closer to natural stop level
[15:31] {Threei} get in there using its habit to shake players out
[15:37] {judijim} Bye for today, take care everyone
[15:38] {Threei} take care jj
[15:39] {Threei} with market approaching high of the day, end of the qworld is officially canceled
[15:39] {cosmo} ...for now
[15:40] {cosmo} COIN
[15:50] {cosmo} rolls over at .84 imo
[15:50] {_dagdet} guys, seems to be the last trial day for me, goodbye all, thank you for good lessons, espesially Vad. I'll continue to read trading logs at site
[15:51] {Threei} take care dag, good luck to you
[15:52] {_dagdet} thanks, good luck you toO!
[15:52] {Threei} you know where to find us if you miss us :)
[15:53] {cosmo} ABAT wall
[15:53] {cosmo} .75
[15:54] {Threei} too close to eod
[15:55] {Threei} didn't want to risk QID short one more time
[15:55] {Threei} too bad
[15:55] {Threei} I am too conservative today
[15:56] {Threei} OK guys, thank you all
[15:56] {Threei} quote a day we had
[15:56] {Threei} quite
[15:56] {brian3579} have a good day
[15:56] {dptl} have a good evening all :)
[15:56] {Threei} have a great evening, see you all tomorrow