Oct 23 2009

One of the toughest weeks in quite a while. Topping action but no reversal yet. Slightly negative day if you played "official" calls only, hugely positive if hit AMZN momo long - but how many have heart for that? Congratulations to our most risk-tolerant member who lives for such plays.

Session Time: Fri Oct 23 00:00:00 2009

[07:51] {magoo} jkbasjhsahkhgkK

[07:52] {nemo} Magus

[07:54] {magoo} cap'n

[08:08] {nemo} in anything mags?

[08:09] {magoo} im stalking amzn

[08:20] {magoo} msft reports in 15 min

[08:21] {nemo} mmhhh...shortable

[08:26] {nemo} that was nice DB on amzn..high volume bottom, low volume retest

[08:30] {nemo} good earnings msft

[08:38] {magoo} i took it l .890

[08:38] {magoo} out here

[08:38] {magoo} scalp

[08:38] {magoo} out .45

[08:41] {magoo} 109 seems inevitable

[08:41] {nemo} yeah

[08:41] {magoo} crap

[08:44] {magoo} 110 next

[08:45] {nemo} msft blasted the Qs and SPY higher

[08:46] {magoo} bears on the run

[08:46] {magoo} unreal

[08:48] {nemo} amzn

[08:48] {magoo} 110 might be a launch pad more than resistance

[08:49] {nemo} uncharted territory..."there be dragons"

[08:50] {Threei} here there be monsters

[08:50] {nemo} yeah...what else would you call an entity with THREE Eyes?!

[08:51] {Threei} you mean it's somethng out of the norm??

[08:51] {nemo} Don't get out much, do you?

[08:51] {Threei} no... why?

06[08:53] * magoo slaps Threei around a bit with a large trout

[08:54] {Threei} what was that for

[08:54] {magoo} wake up..get to work.we can make our day this pre mkt lol

[08:54] {magoo} 110 on deck

[08:54] {Threei} kidding? I can't trade during normal hours, lol

[08:54] {nemo} msft

[08:55] {magoo} i know.,...thats why i wanted to try this he he

[08:55] {magoo} just got a buck here amzn

[08:56] {magoo} 111 inevitavble

[09:00] {lasertrev} morn nemo magoo vad

[09:00] {Threei} trev :)

[09:01] {magoo} hey trev

[09:01] {bkhmd} gm all

[09:01] {magoo} hey bk

[09:01] {Threei} VITA Presentation of Cortoss Clinical Study Results at the 2009 Congress of Neurological Surgeons Annual Meeting

[09:01] {Threei} bk :)

[09:02] {magoo} bk=burger king?

[09:03] {bkhmd} yes how did you know

[09:03] {bkhmd} actually initials BKH and MD is Maryland

[09:03] {Threei} bkhmd - hmf = bk

[09:04] {bkhmd} but my staff used to call Me BK as i used to frequent the local Burger KingK

[09:04] {bkhmd} whats on radar today

[09:04] {bkhmd} WHR had great earnings

[09:05] {Threei} what didn't

[09:05] {Threei} BRCM seems to be the only ugly chiled who missed earnings

[09:05] {bkhmd} EMCI and CACH earnings fell significantly below

[09:05] {bkhmd} and we have housing at 10:00

[09:05] {Threei} which probably won't revent it from making new annual highs today, lol

[09:06] {bkhmd} if yesterday was any signal ur right

[09:06] {bkhmd} lol

[09:06] {bkhmd} what did asian markets do last night?

[09:07] {ese} good morning one and all........

[09:08] {magoo} ese:)

[09:08] {bkhmd} gm ease

[09:08] {fernp} Good morning everybody

[09:08] {bkhmd} ese*

[09:08] {bkhmd} Fern

[09:08] {Threei} ese, fern :)

[09:09] {ese} mags bk fern vad

[09:09] {strider} morning all

[09:09] {Threei} strider :)

[09:09] {bkhmd} stride

[09:09] {ese} sssssstttttt!!!!1

[09:11] {strider} :)

[09:11] {magoo} stripper:)

[09:11] {strider} that's a new one.

[09:12] {magoo} how would u fair? poorly?

[09:12] {Threei} US Rep Frank: Administation may send a new bill for 'resolution authority' on troubled and systemic companies on Monday

[09:12] {Threei} - comments that there isnt much change of placing all bank supervision into the hands on one agency

[09:12] {Threei} - Congress currently in discussion to create an optional Federal charter for insurers

[09:16] {larisa} gm :)

[09:16] {ese} probably a stupid question but have you all made note of amzn...beats .45 v.33expected it's up 16pts....whoa

[09:17] {nemo} no..haven't paid attention to it's $17 dollar run. or its run from 107-110 this morning...or Mag's $ he scalped already...had no idea

[09:18] {ese} ahhhhhh......magoo would be in for sure

[09:21] {Threei} larisa :)

[09:21] {nemo} lari :)

[09:21] {larisa} :)

[09:21] {Threei} US) Govt Spokesman: US has told IAEA's El-Baradei that it accepts the UN proposal for Iran nuclear issue; "looks forward to Iran's reply"

[09:26] {nemo} feels like big up day

[09:26] {magoo} [08:56] {magoo} 111 inevitavble

[09:26] {dptl} good morning

[09:26] {Threei} dp :)

[09:27] {Threei} okay guys, you know what I do after losing day, right?

[09:27] {nemo} win

[09:27] {Threei} those who think "drink yourself into oblivion" are wrong

[09:27] {bkhmd} new day

[09:27] {bkhmd} market dont remember yesterday

[09:27] {bkhmd} page 131 of the book

[09:27] {Threei} shrink, apply extra caution,

[09:28] {Threei} setting "do no harm" as major goal

[09:28] {Raven} double your position size and widen your stops ?

[09:28] {Threei} that's it

[09:28] {bkhmd} yea get even

[09:28] {bkhmd} lol

[09:28] {Threei} so, be patient,

[09:29] {Threei} main feature of setups for today is going to be safety

[09:29] {Threei} low risk

[09:29] {Threei} tight stops

[09:29] {patience} yup, patience pays :)

[09:29] {Threei} lol, good morning

[09:29] {magoo} OY

[09:29] {patience} :)

[09:29] {nemo} oy

[09:31] {Threei} NFLX lost its mind

[09:31] {nemo} huge beat

[09:34] {Threei} Long Setup: CPWR 8.10 break

[09:34] {Threei} if stays above 8

[09:34] {Threei} 1:1

[09:34] {fernp} out ty

[09:37] {Threei} 1:2

[09:37] {Threei} who held it, get out

[09:38] {magoo} RIMM vad

[09:38] {ese} nice one....was looking elsewhere....missed it

[09:39] {Threei} RIMM, I want it to hold .25 and break .40

[09:39] {Threei} will be worth a first try

[09:39] {Threei} nope, new low

[09:40] {magoo} COF nuts too

[09:40] {Threei} market is not up that much for all this blowout eearnings

[09:40] {nemo} no

[09:41] {Threei} DOW is flirting with red

[09:41] {Threei} S&P is red to flat

[09:41] {Threei} IMO, down is next step

[09:41] {nemo} oh oh

[09:41] {Threei} Preview: Sept Existing Home Sales due out at 10amET

[09:41] {Threei} **consensus expectation: 5.35Me (+4.9% m/m) v 5.10M prior.

[09:45] {magoo} aMZN could care less about futes

[09:45] {fernp} PWER breakout, Vad?

[09:46] {Threei} hard to tell

[09:46] {Threei} this stock doesn't have a good history

[09:46] {Threei} tends to wilt and die

[09:46] {fernp} ok

[09:47] {ese} l amzn .75

[09:47] {ese} out amzn .98

[09:47] {ese} +.23

[09:47] {fernp} gj

[09:47] {magoo} double bott AAPL

[09:47] {nemo} how many little buggers ese?

[09:48] {Threei} RIMM

[09:48] {ese} 2k

[09:48] {Threei} short .80 break or long .90 break

[09:48] {Threei} aww... late

[09:48] {ese} nemo....moving real fast...scares me a little

[09:49] {magoo} u want fast..look amzn

[09:49] {magoo} l aapl .65

[09:50] {ese} i did mags

[09:50] {ese} was in and out of it

[09:51] {ese} lookin to short it at 110.60 approx

[09:51] {magoo} COF pulling back vad

[09:52] {Threei} Short Setup: BRCM .10

[09:52] {Threei} if stays under .20

[09:53] {Threei} Long Setup: RIMM 67 break

[09:53] {Threei} if stays above .90

[09:55] {Threei} BRCM invalidated

[09:55] {Threei} RIMM still may reestablish

[09:55] {ese} tired market me thinks

[09:56] {fernp} both invalidated, no?

[09:56] {Threei} yes

[09:59] {magoo} in rimm .90

[10:00] {Threei} SEPT EXISTING HOME SALES (M/M): 5.57M V 5.35ME (

[10:02] {ese} bstop amzn 113.11

[10:02] {magoo} no work rimm

[10:02] {ese} in

[10:03] {fernp} HIG lod and consolidating there

[10:03] {bkhmd} yes

[10:03] {fernp} but is H I G

[10:03] {ese} out amzn .42

[10:03] {ese} +.31 man this thing moves fas

[10:05] {ese} at some point this has to come down off it's loft perch amzn

[10:05] {bkhmd} IP double bottom?

[10:06] {Threei} I don't see it

[10:06] {bkhmd} ty

[10:06] {fernp} shorted HIG .41 and out here .25

[10:09] {ese} vad if i wanted to short DIA....would i do that .55 to .60 on pullback

[10:10] {Threei} the way it trades, it's most likely to jump somewhat over .60 before dropping again

[10:10] {Threei} make that tail to .65 or so and drop fast from there

[10:11] {magoo} oyt AMZN .53

[10:11] {magoo} point and half

[10:11] {ese} tks........

[10:11] {magoo} [prolly reload

[10:11] {magoo} STRONGGGGGGGGGG

[10:11] {ese} very

[10:11] {magoo} but it can driop a poinyt in a blink..nit for faint hearted

[10:12] {Threei} .short rimm .50 break

[10:12] {Threei} Short Setup: RIMM .50 break

[10:12] {Threei} if stays below .65

[10:13] {ese} dia....not going acording to plan

[10:13] {magoo} if IF mkts bounce..rimm gonna bounce

[10:13] {Threei} 1:1

[10:13] {fernp} too fast never filled

[10:13] {nemo} yeah

[10:13] {magoo} FAST vad

[10:13] {magoo} as i tyoped

[10:13] {Threei} back for entry

[10:13] {bkhmd} same never filled

[10:13] {fernp} still valid ?

[10:14] {Threei} yes, only stop is .60 this time

[10:16] {magoo} my quotes are anus

[10:16] {larisa} made 50 cents on AMZN short just for excitement. "they" say excitement is an enemy of trader :)

[10:16] {magoo} u got a server vad?

[10:16] {Threei} 0

[10:16] {Threei} 9

[10:16] {larisa} fine here magoo

[10:17] {Threei} Short Setup: BRCM .95 break if stays below 28.05

[10:18] {magoo} funny vad..we both correct RIMM

[10:20] {fernp} brcm still valid?

[10:20] {Threei} too sharp dive

[10:21] {Threei} let's see if we get bounce to short into

[10:21] {ese} nice one there larisa.....man i thought that thing would be heading down by now

[10:22] {ese} how many shs laris?

[10:22] {larisa} it can go to 150 first :) yo unever know

[10:23] {Threei} BRCM got away didn't it

[10:23] {larisa} I do not play more than 1K ever

[10:23] {fernp} y

[10:23] {larisa} scalper here

[10:23] {ese} nice work......

[10:24] {fernp} FITB short, Vad? if breaks

[10:24] {Threei} not sure

[10:24] {bkhmd} Larisa thanks for sharing I wanted to know but was afraid to ask

[10:24] {Threei} BRCM, I am crying

[10:24] {ese} i would have yes fern.....but i'm too late

[10:25] {fernp} yeah, too late

[10:28] {Threei} Long Setup: AAPL .50 break

[10:28] {magoo} in

[10:28] {Threei} if stays above .30

[10:28] {magoo} lol

[10:29] {ese} oh my my my fern........fitb would have been a nice short

[10:30] {fernp} true

[10:31] {Threei} Short Setup: BRCM .50

[10:31] {Threei} if stays blow .60

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 270M shares, about 4% below its three-month average; decliners lead advancers by 2.6:1.

[10:31] {Threei} - NASDAQ volume 650M shares, about 15% above its three-month average; decliners lead advancers by 1.4:1.

[10:31] {Threei} - VIX index +1.5% to just under 21.00

[10:32] {fernp} stopped

[10:35] {Threei} Short Setup: RIMM .50 break

[10:35] {Threei} if stays under .60

[10:37] {fernp} ty

[10:37] {Threei} 1:1

[10:37] {strider} =.10

[10:37] {strider} +

[10:37] {Threei} trying for more, covered half

[10:37] {Threei} 1;2

[10:37] {Threei} 1/4 more

[10:37] {Threei} 1:4, out in full

[10:38] {Threei} +.38

[10:38] {Threei} finally worthy one

[10:39] {larisa} gj

[10:40] {ese} does anyone know what amzn'z all time high is?

[10:40] {larisa} I think it was 113 in '99

[10:40] {larisa} but not sure

[10:40] {nemo} yeah

[10:41] {ese} tks....hmmmmmmm causes one to think at this pts.......then there ain't gonna be a whole lot of resistance goin up

[10:42] {larisa} shorts are in trouble on this one I think, some shorting it from 50..

[10:42] {ese} in amzn laris?

[10:42] {larisa} yup

[10:43] {ese} ouch

[10:44] {magoo} i truly think if if it takes 115 today...it prints 117.43 today

[10:44] {Threei} crrrap

[10:44] {magoo} IF

[10:44] {ese} patience......your house slid down the Landsdown slope yet with all this rain?

[10:44] {Threei} typed long NFLX .10 break

[10:45] {Threei} by the moment I finished typing it was at .25

[10:45] {magoo} thats why iu need tio update room to skype vad

[10:46] {strider} another chance on NFLX?

[10:46] {Threei} not sure

[10:46] {Threei} momo play

[10:46] {nemo} rimm short

[10:46] {Threei} they rarely have technical setups

[10:47] {patience} no ese, i am next to the golf course so i expect to float onto the clubhouse lawn :)

[10:48] {ese} I had a tee time for 10:57 today.....it ain't gonna happen

[10:48] {Threei} come on ese

[10:48] {Threei} little drizzle

[10:48] {Threei} don't be a sissy

[10:49] {ese} oh ya....oh ya,,,,,,,,well ....i'll show you.......i'll be out there!!!!!!!!!

[10:49] {Threei} cool... forgive me for not gpoing there to see it... I'll take your word

[10:50] {nemo} that's right....you don't get out much

[10:50] {Threei} no

[10:50] {ese} i will probably be washed up on patience lawn.......is what will happen

[10:50] {Threei} breakdown is coming in the market, IMO

[10:50] {nemo} aapl weak

[10:50] {ese} he doesn't have too.....he has an exercise facility right out his back door

[10:51] {Threei} self made too

[10:51] {Threei} Short Setup: RIMM .15

[10:51] {Threei} if stays under .25

[10:51] {magoo} launch AMZN

[10:51] {magoo} in .30

[10:52] {Threei} wtg mags

[10:52] {magoo} 115

[10:52] {magoo} come on

[10:52] {ese} wow mags....nice

[10:53] {Threei} RIMM, not a scalp again for me

[10:53] {Threei} risk is minimal

[10:54] {ese} s rimm .14

[10:54] {Threei} NQ needs to lose 1760

[10:55] {ese} agreed

[10:55] {Threei} here we go

[10:55] {Threei} day low is right around 1:1... if breaks down and market helps, should drop far and fast

[10:55] {Threei} big bid .10 got hit

[10:56] {Threei} IA) WSJ: Iran has pulled away from nuclear agreement; prefers to purchase nuclear fuel needed for reactor rather than shipping uranium abroard

[10:56] {Threei} new low

[10:56] {Threei} **Note: earlier today a US Govt Spokesman said that US has told IAEA's El-baradei that it accepts the UN proposal for Iran nuclear issue; "looks forward to Iran's reply"

[10:56] {Threei} 1:1

[10:57] {Threei} covering half

[10:57] {magoo} msft news cracked mkt therex

[10:57] {Threei} MSFT Yahoo will add nothing to revenue in current fiscal year (28.33, +1.74, 6.54%)

[10:57] {ese} c 1/2

[10:58] {Threei} YHOO will add "hundreds of millions" in 2011

[10:59] {ese} most i've ever shorted by the way 1k

[10:59] {ese} still 1/2 k left

[10:59] {Threei} stop to above .20

[10:59] {ese} done....

[10:59] {Threei} if pesky scalpers win this one, so be it

[11:00] {Threei} but in the market like this, gotta give it a chance

[11:00] {Threei} breakdowns ought to be good

[11:00] {ese} indeed

[11:00] {Threei} lose 66 and kaput

[11:01] {ese} no kaaapluey

[11:02] {fernp} out balance

[11:02] {ese} stoped balance

[11:02] {Threei} didn't go over .20 yet

[11:02] {Threei} sissies

[11:02] {magoo} oput .73 AMZN

[11:02] {ese} whaaaaaaaaa?

[11:02] {magoo} several times

[11:03] {magoo} continuos scalping really

[11:03] {fernp} now yes

[11:03] {Threei} okay opkay... no means no

[11:03] {ese} rotfl

[11:03] {magoo} 115

[11:05] {ese} anyway......tks for talking me through it vad......gained a litle more confidence......shorting still a litle weak in my arsenal

[11:06] {Threei} it's easy...

[11:06] {Threei} like long, just in opposite direction

[11:06] {strider} the same, but different.

[11:06] {ese} yup....stigma....will get over it

[11:06] {Threei} and don't forget to sell first, buy later... unlike long where you buy first, sell later

[11:06] {nemo} too bad there isn't an inversion setting on charts

[11:07] {nemo} I see shorts easier than I see longs

[11:07] {magoo} shorts are DAD AMZN ...DEAD

[11:07] {ese} FERN.....can ya believe this though....we follow the blindly and he calls us "SISSIES"!!!! man

[11:07] {nemo} In the kingdom of the blind, the one-eyed man is king

[11:08] {ese} ahhhhh yup

[11:08] {magoo} DEAD i tell ya....DDDDEEEEEAAADDDDDDDDDDDDD'

[11:08] {nemo} who what where DEAD?

[11:08] {ese} it's rather stunning to be honest mags

[11:09] {nemo} honest?

[11:09] {ese} but what gave you the 117.43 target though

[11:09] {fernp} es ese, he is incorrigible

[11:09] {ese} definitly

[11:09] {Threei} well, two things

[11:10] {Threei} first, I enjoy it... why would you refuse me little fun I derive from slapping, insulting and otherwise gurting good people

[11:10] {Threei} second, and less relevant: stop was ABOVE .20

[11:10] {Threei} not .20 itself

[11:10] {magoo} target 117.43

[11:10] {Threei} but first point is much more importasnt

[11:11] {ese} ya how did you get that target

[11:11] {magoo} put that in way earlier too

[11:11] {magoo} liker hours ago lol

[11:11] {magoo} DEAD DEAD DEAD

[11:13] {ese} I can tell vad.....point #1 is much more enjoyable for you

[11:13] {magoo} magic 8-ball ese..i asked it...117.43...it replied it would seem so

[11:15] {ese} hasn't cracked has it?

[11:15] {Threei} Microsoft Corp Ticking lower after a CNBC makes erroneous report regarding guidance; CNBC misreported the earlier Operating Expense guidance cut as a Revenue guidance cut

[11:15] {Threei} - earlier MSFT said it was cutting operating expenses guidance to $26.2B from $26.5B for FY ended June 30, 2010.

[11:15] {Threei} - follow up 11:10amET: CNBC corrects its error.

[11:18] {fernp} GLD Vad

[11:18] {Threei} you know, I am a bit hesitant to trade this one

[11:19] {Threei} reason is, I am biased

[11:19] {Threei} I am what goldbugs consder their worst enemy: one who thinks gold's intrinsic value is non-existent

[11:19] {fernp} ok I understand

[11:19] {Threei} well, aside from industrial applications and bling

[11:19] {ese} hmmmmmm explain please

[11:20] {nemo} short on FCX? need pullback?

[11:20] {Threei} I'd be shorting GLD left and right, lol

[11:21] {strider} would that be a bad thing:)

[11:21] {Threei} ese... there are people who think gold has some deeper value than whatever masses are willing to pay for it

[11:21] {Threei} store of value... currency...

[11:21] {Threei} to me, it's own intrinsic value is none

[11:21] {ese} yup....agreed

[11:22] {Threei} you can agree to have seashells as currency

[11:22] {nemo} yep was bear flag

[11:22] {Threei} and some civilizations did in the past

[11:22] {ese} i just think it's historical intrinsic value

[11:22] {Threei} and the only advantage gold has over those is it's not as fragile

[11:22] {ese} agreed

[11:23] {Threei} gold standard makes zero sense to me

[11:24] {larisa} but how it connects to daytrading it? you either like how stock trades or not. Most of the stocks you trade you do not give a damn abut their value, you read the tape.

[11:24] {magoo} dow under 10k

[11:24] {ese} well at least since they discarded breton woods in the early 70's

[11:24] {Threei} true laridsas, my point is:

[11:24] {larisa} now i am laridsas

[11:24] {Threei} being skeptical about underlying assset may impact the judgement and create bias

[11:25] {Threei} US) Speaker Pelosi: reiterates House health bill will include the public option, but still working out the details of the plan

[11:25] {Threei} this gal is determined

[11:26] {Threei} see what I mean? I catch myself thinking short every time I look at GLD chart

[11:26] {larisa} I understand, it is like stock of the company you work for, always optimistic :)

[11:27] {Threei} I guess... I never worked for any company but I understand the mindset

[11:27] {larisa} bias you can not read of no matter how hard you try

[11:27] {Threei} rid too

[11:27] {larisa} right

[11:28] {Threei} yes... exactly what I mean

[11:28] {Threei} when I feel this in myself, I have to be double careful

[11:28] {larisa} vad can spell after all

[11:29] {Threei} and that's the biggest surprise for today

[11:29] {ese} mags you still amzn?

[11:29] {Threei} strange disconnection

[11:29] {magoo} yes

[11:30] {Threei} NASDAQ chart is downtrending still

[11:30] {Threei} BRCM isn't, RIMM isn't

[11:30] {ese} nice.......gutsy as well.....good on ya

[11:30] {magoo} no guts..this was no brainer

[11:30] {magoo} mkts tank...amzn STRONG

[11:30] {ese} really?

[11:30] {magoo} wait if mkts got going

[11:31] {magoo} seriously

[11:31] {ese} hmmmm

[11:31] {magoo} there was/is no reason to sell

[11:31] {nemo} aapl selling off a bit

[11:31] {ese} would agree with that for sure

[11:31] {magoo} now remember..i was hitting it this pre mkt in 107 area w/cap'n nemo

[11:32] {nemo} yep...first thing he says, "hunting amzn"

[11:32] {ese} you still in from there!!!

[11:32] {nemo} nice db @ 107 and it's been up and away since

[11:32] {nemo} no...magoo has been

[11:32] {magoo} i was hitting itlast nite from like 99 to 104

[11:32] {magoo} cant quiter remember

[11:33] {nemo} mmmhhh amzn looking a little toppy here

[11:33] {magoo} well..ya and no..it may breathe some soon

[11:33] {magoo} but its NOT A SHORT

[11:34] {magoo} i mean it up 22 points I LUV THESE

[11:34] {magoo} 116 coming

[11:35] {Threei} this is good place to try with stop under .50

[11:35] {Threei} tight enough

[11:35] {strider} MZN?

[11:35] {strider} amzn

[11:35] {magoo} no

[11:35] {magoo} amzn he he

[11:35] {Threei} yeah

[11:36] {Threei} .66 in

[11:36] {magoo} 116,25 exit should do it

[11:36] {magoo} shit missed my aapl bounce

[11:37] {magoo} u guys distracted mags

[11:39] {Threei} tired a bit

[11:39] {nemo} nobody believed me :(

[11:39] {Threei} hit 1:1 and lost breath

[11:39] {nemo} crissakes...I leave my chin out like that....sheesh

06[11:40] * magoo slaps nemo around a bit with a large trout

[11:40] {larisa} I actully did nemo, just did not want to say anything, caz people were long on it

[11:40] {Threei} it's Friday nemo... we are kinder and gentlier than usual

06[11:40] * magoo slaps larisa around a bit with a large trout

[11:40] {nemo} skeeves me

[11:41] {magoo} c'mon..ive been calling it long to levels since 8 am

[11:41] {magoo} u guys are LATE to my party...sheesh

[11:41] {ese} skeeves? thats as good as temoted

[11:41] {nemo} absolutely...I confirmed that already

[11:41] {magoo} now i no how vad feels

[11:41] {nemo} thanks ese

[11:41] {Threei} welcome to my world mags

[11:42] {magoo} really

06[11:42] * nemo gives magoo and Vad hankies laced with pepper spray

[11:42] {Threei} you call them with 80-90% accuracy for months, then lose one day and rotten tomatoes are flying

[11:42] {larisa} lol

[11:42] {nemo} BS....whose thrown anything

[11:43] {nemo} Haven't heard anybody say anything derogatory

[11:43] {nemo} Hearing voices again?

[11:43] {magoo} i should apply my experience here vad and go easier on u...NAHHHHHHHH

[11:43] {nemo} who has

[11:43] {Threei} one guy (I won't name names but he is a fish) sent me three hate e-mails in one evening

[11:43] {nemo} BS

[11:43] {nemo} total taurine excrement

[11:43] {magoo} is that correct symbol nemo?

[11:43] {Threei} lol

[11:44] {magoo} AMZNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

[11:44] {magoo} yes still in

[11:44] {ese} ya got that

[11:44] {ese} is that person still on the board vad?

[11:44] {Threei} of course... I don't discriminate for critisism

[11:45] {ese} personal question i know......but i wouldn't have a problem making his life miserable

[11:45] {nemo} who ese? me?

[11:45] {Threei} really? I smell a great chance to make nemo suffer {GGG}

[11:45] {magoo} ask dino..ive cursed vad up and down office...{but i would never make that known in his room here...}

[11:45] {magoo} oops

[11:45] {Threei} lol

[11:46] {Threei} ok guys, just remember my bias nut

[11:46] {ese} it's hard to believe.....for crying ot loud...if you get into trading how can you be stupid enough not to think your not going to loose money at some point

[11:46] {Threei} GLD bounce into resistance

[11:47] {magoo} wash your mouth out ese:)

[11:47] {Threei} that was a joke in this particular case ese, I just love pulling nemo's chain

[11:47] {Threei} but overall, trust me

[11:47] {Threei} I had my fair share

[11:47] {ese} i'll bet

[11:47] {nemo} of what...hate mail?

[11:47] {magoo} he used to like doing it to magoo ..nemo...u gave me some slack here lol

[11:47] {bkhmd} I only sent 2 vad who sent the other?

[11:47] {bkhmd} lol

[11:47] {bkhmd} joke

[11:47] {bkhmd} easy easy

[11:47] {Threei} one particular response on some forum was remrkable

[11:48] {nemo} yeah...I'm hoping strider takes some of the load

[11:48] {strider} I didn't do nuthin'

[11:48] {Threei} bk, you accidentally copied it to admin and he forwarded it to me, so thsat makes three

[11:48] {bkhmd} ahhhhh

[11:48] {magoo} SICK move AMZN

[11:49] {Threei} so, someone on one forum made a favorable comment about our room,

[11:49] {magoo} if amzn hits my target vsad...give me 3 months free

[11:49] {Threei} and the guy come in with:

[11:49] {Threei} I had a trial there for 5 days,

[11:50] {Threei} they did lose on one of them, so don't think it's a holy graail, they don't possess any great secrets

[11:50] {magoo} that was magoo vad in cogneto

[11:50] {ese} just hard work!!!!! for criss&^%&^%

[11:50] {magoo} 116

[11:50] {magoo} ya bloody buns :)

[11:51] {ese} I am stunned with amzn today......

[11:51] {magoo} vad..remember good ole days when me and 1 other would get on these together?

[11:51] {ese} look at that thing......and mags hangin in there....prety amazing to be honest

[11:51] {Threei} 1 other?

[11:52] {magoo} yea...he wrote in red

[11:52] {Threei} lol

[11:52] {nemo} brcm break .05?

[11:52] {magoo} together we were a scary force finding the runners

[11:52] {nemo} maybe not right up against 200

[11:53] {nemo} nope hit 1:1

[11:53] {Threei} I really hate trying breakouts on this one nemo

[11:53] {magoo} anyone but anyone making dough on my amzn read??

[11:53] {nemo} yeah, well now it's falling back...hit both 200 and VWAP

[11:54] {magoo} [11:36] {magoo} 116,25 exit should do it

[11:54] {ese} wow.......116.25

[11:54] {nemo} crap...he missed the top by .15

[11:54] {magoo} [11:49] {magoo} if amzn hits my target vsad...give me 3 months free

[11:55] {ese} i bow to your superior ......whatever mags......outstanding

[11:55] {magoo} 117.43

[11:56] {magoo} then i get free room

[11:56] {Threei} GLD,

[11:56] {magoo} i cobvered..but will reenter

[11:57] {Threei} for double top scenario we need bounce here,

[11:57] {Threei} staying under .85

[11:57] {Threei} then breaking .70

[11:57] {ese} ok ...back to reality...fitb...what eeelll is it doing

[11:57] {Threei} does it look to you objective enough?

[11:58] {Threei} just to make sure it's not my bias talking, describing setup for you in greater details

[12:00] {nemo} in amzn break of .30 mags?

[12:01] {Threei} invalidated

[12:01] {fernp} invalidated GLD

[12:01] {magoo} sorry nemo went for coffee

[12:01] {magoo} im back in

[12:01] {nemo} 1:2

[12:01] {magoo} u do it?

[12:02] {nemo} out now

[12:02] {Threei} 117 mags?

[12:02] {magoo} 117.43

[12:05] {magoo} soon..c'mon...lets get it now

[12:05] {magoo} get up

[12:05] {magoo} here we go

[12:06] {Threei} beautiful

[12:07] {ese} BRCM making a comeback

[12:12] {nemo} hah...rimm toppe out at 6666

[12:12] {Threei} notice the formation

[12:13] {Threei} hat same double top I was looking for at GLD

[12:13] {nemo} devil's horns

[12:13] {Threei} .66 top, .50 valley bottom

[12:13] {ese} rimm sure bounced off of 66

[12:14] {magoo} vad..take 1 eye and start reading COF

[12:15] {Threei} I like short on it mags

[12:16] {Threei} and you can see why, lol

[12:16] {strider} so did a few others.:)

[12:16] {Threei} no kidding

[12:19] {strider} if BO fails on BRCM, will it be a short?

[12:19] {nemo} rimm short again...

[12:19] {Threei} .20 is support to break for it to trigger short

[12:19] {Threei} BRCM I measn

[12:20] {strider} would you call it as an official setup?

[12:21] {strider} got 3 candles dipping to .17

[12:21] {Threei} if market dives, which it seems to be ready for, yes

[12:22] {strider} whoops.

[12:22] {strider} failed again

[12:22] {fernp} AMZN pulling back to 116

[12:24] {magoo} yea..careful here

[12:24] {magoo} might be time of day to pullbk

[12:24] {Threei} why failed?

[12:25] {Threei} .35 is resistance

[12:25] {Threei} didn't go above it

[12:25] {strider} failed to break resistance.

[12:25] {Threei} I'd say it's still valid

[12:25] {Threei} oh

[12:25] {Threei} lol

[12:25] {nemo} brcm broke trendline

[12:25] {nemo} looking short

[12:25] {strider} sometimes failure is a good thing, no?

[12:26] {nemo} has long as it's not in a duel

[12:27] {nemo} as

[12:27] {strider} FLD in consolidation

[12:27] {strider} GLD

[12:29] {strider} missed BRCM but may not a bad thing.

[12:30] {nemo} lunchtime...scalps

[12:30] {strider} mini-scalps

[12:30] {strider} Type 1 with type 2 shares:)

[12:35] {strider} LINTA

[12:37] {Threei} BRCM 1:1

[12:45] {strider} .

[12:45] {magoo} yea vad..im in

[12:45] {magoo} 1187

[12:45] {magoo} 117

[12:45] {Threei} lol

[12:46] {Threei} anyone care to guess who is on TV?

[12:46] {nemo} Carmen Electra?

[12:46] {Threei} you really wish

[12:47] {magoo} george dubya?

[12:47] {strider} mARIS tOMEI?

[12:47] {strider} marisa

[12:47] {magoo} AMZN

[12:47] {magoo} .40

[12:47] {nemo} hat's and noise makers ready...

[12:47] {magoo} .03 cents off

[12:48] {magoo} wish dino were here for that call

[12:48] {Threei} you'll tell him and we will confirm

[12:48] {nemo} how markets end today Vad?

[12:49] {magoo} with the closing bell nemo

[12:49] {Threei} I think we will try to make a run at the high, fail and finish about here as scenario #1

[12:49] {Threei} next by likelyhood is eod seloff to new lows

06[12:50] * nemo slaps magoo around a bit with a large CROW BAR

[12:50] {nemo} sorry raven

[12:50] {Threei} and only third, least likely but not out of realm of possibilities is rally

[12:51] {nemo} That would be most painful...shorts see weakness even with some good earnings results...say, "this is it." ....WHAM!....rally.

[12:51] {larisa} -130 ending :)

[12:53] {magoo} i think we end green

[12:53] {nemo} yeah..me too

[12:53] {strider} aone?

[12:53] {Threei} Long Setup: HIG .25 break if holding .2o

[12:54] {magoo} no ty...eating soup

[12:54] {Threei} no read on AONE

[12:55] {fernp} 2o is 20 true?

[12:56] {Threei} yes, lol

[12:56] {nemo} hey...how's that ipo from a couple of days ago doing? still at 14.50?

[12:56] {Threei} sheesh

[12:56] {Threei} it is

[12:57] {fernp} out

[12:58] {ese} i still don't get how you figured the amzn call mags.......what were you looking at?

[12:58] {larisa} amount of $ he needs to buy an Island :)

[12:59] {magoo} magic 8-ball

[12:59] {magoo} i dont know how that worx

[13:00] {magoo} biut hey..only off .03

[13:00] {magoo} for now

[13:03] {strider} TROW kind of interesting, daily & 5 min.

[13:07] {larisa} triple top, give up AMZN :) or magoo needs to establish new target :)

[13:17] {Threei} one more of interest mags: PCLN

[13:18] {fernp} LVS breakdown, Vad?

[13:18] {magoo} vad...i get 3 months free..only missed by 3 cents?

[13:18] {magoo} i was calling that from 110 area

[13:18] {Threei} 3 cents in unforgivable mags

[13:19] {magoo} crap

[13:19] {Threei} not sure fern...

[13:19] {Threei} feels more random

[13:19] {fernp} ok

[13:23] {Threei} RIMM...

[13:24] {Threei} if market breaks down, 66 break is a good short setup

[13:25] {strider} wide stop?

[13:26] {Threei} .20...

[13:29] {Threei} if sets up from here, .15 will be good as a stop

[13:33] {fernp} in

[13:33] {ese} hmmmmmmm

[13:33] {ese} i am back

[13:34] {magoo} vad WHY BIDU up huge in down mkt?newss

[13:35] {Threei} no news

[13:35] {Threei} Bank of America Corp Reportedly Congressman Towns issuing subpoena to Countrywide Financial in mortgage probe

[13:35] {Threei} - Congressman Towns says he has requested information from Wells Fargo, JP Morgan, Citigroup, and GMAC; is prepared to issue subpoenas to other banks in mortgage probe if they don't comply

[13:37] {strider} +.11 RIMM from early entry

[13:40] {magoo} vad..550cc = how many ounces?

[13:40] {nemo} 1 cc=1gram=28.5 grams in an ounce

[13:40] {magoo} no like liquid

[13:41] {nemo} about 20 oz

[13:41] {magoo} no

[13:41] {magoo} more like 12

[13:41] {Threei} 1 US fluid ounce = 29.5735296 cc

[13:41] {magoo} anyone??

[13:41] {nemo} there you go, what I tell you

[13:50] {fernp} stopped RIMM

[13:51] {Threei} didn't cover on dive under .90?

[13:51] {fernp} .86 was 1:1

[13:52] {Threei} it touched .87...

[13:52] {fernp} not filled at .87

[13:52] {Threei} when it's 1-2 cents away from 1:1, don't let it turn into loss

[13:52] {fernp} late

[13:53] {fernp} another awful day here

[13:54] {Threei} hmmm

[13:54] {Threei} nothing stellar but not horrible at all

[13:55] {fernp} true, only a bad day

[13:55] {fernp} yest was an awful day :)

[13:56] {nemo} I've avoided stops today...so that's good

[13:56] {nemo} question, is this an index bear flag

[13:57] {Threei} very much looks like that

[13:57] {nemo} yeah

[14:03] {bkhmd} JOYG DB?

[14:03] {Threei} only if market starts recovery-rally... which IMO is not in cards

[14:04] {ese} have a great weekend all....cya monday

[14:04] {nemo} Have you forseen this Lord Vad?

[14:04] {bkhmd} or colater ese

[14:04] {fernp} bye ese

[14:04] {nemo} adios ese

[14:04] {bkhmd} later ese

[14:04] {Threei} take care ese

[14:04] {ese} take care

[14:04] {nemo} vaya con diablo

[14:07] {nemo} amzn bounced right off the 200 ma

[14:08] {Threei} more and more feels like breakdown coming

[14:09] {magoo} amzn or mkt vad?

[14:09] {Threei} market

[14:12] {nemo} we'll probably end up where we started yesterday

[14:12] {Threei} which is amazing in itself considering how the day started

[14:13] {strider} amzn

[14:13] {nemo} whoa amazon

[14:13] {Threei} Market Internals update at 2:00pmET

[14:13] {Threei} - NYSE volume 705M shares, about 3% above its three-month average; decliners lead advancers by 6.8:1.

[14:13] {Threei} - NASDAQ volume 1.65B shares, about 13% above its three-month average; decliners lead advancers by 2.9:1.

[14:13] {Threei} - VIX index +7% to just over 22.00

[14:18] {strider} I think we're getting close to seeing who the biggest fool is...on amzn

[14:20] {Threei} you think they'll give us the name of the top buyer?

[14:23] {magoo} hope its not magoo

[14:24] {Threei} no breakdown

[14:24] {nemo} funny...I was thinkng the same thing

[14:24] {magoo} in it .50

[14:25] {nemo} brcm been on quite the march too

[14:25] {Threei} no kidding

[14:26] {Threei} and I hated this one the most

[14:26] {nemo} Yeah...I remember...someting about hating breaks on that stock

[14:27] {strider} yoi still in mags?

[14:27] {nemo} stop of .30?

[14:35] {nemo} RIMM sneaking up on 66 again

[14:38] {magoo} i hate to even type this

[14:38] {magoo} 119 coming

[14:38] {nemo} where you in?

[14:38] {magoo} 117.49

[14:39] {magoo} 118

[14:43] {fernp} short RIMM 65.99, Vad?

[14:43] {Threei} with stop over .10?

[14:43] {Threei} looks right

[14:43] {fernp} y

[14:46] {Threei} and to think, I was pondering yesterday after earnings, whether 102 is good entery or leave it alone

[14:46] {strider} ??

[14:46] {Threei} on AMZN

[14:47] {strider} I'll take some at 102:)

[14:47] {nemo} no...thought you were talking about eslr

[14:47] {nemo} that's at 1.02

[14:47] {Threei} ws available all you wanted

[14:47] {strider} can I go over to the middle of the chart?

[14:48] {Threei} ?

[14:48] {strider} and buy there?

[14:48] {Threei} ah

[14:49] {Threei} famous "buy me yesterday" feature

[14:49] {Threei} usually comes in the kit with tomorrow's WSJ subscription

[14:49] {strider} and the 'if it dont go up don't buy it' button

[14:50] {strider} in RIMM .99

[14:50] {fernp} me too

[14:51] {Threei} 1:1

[14:51] {fernp} out

[14:51] {strider} out

[14:51] {Threei} 1:2, nice and easy

[14:51] {strider} thanks nemo

[14:51] {strider} and Vad

[14:51] {strider} and the universe

[14:52] {Threei} life, universe and everything

[14:52] {nemo} yw

[14:52] {strider} did I misss anyone?

[14:52] {Threei} that was fern though who spotted it

[14:52] {strider} sorry. Thanks fern.

[14:52] {strider} never mind, nemo

[14:52] {Threei} rofl

[14:52] {strider} you guys look so much alike.

[14:52] {nemo} [14:35] {nemo} RIMM sneaking up on 66 again

[14:52] {fernp} nemo inspired me

[14:52] {Threei} plant and fish??

[14:53] {nemo} Threei=ham

[14:53] {Threei} check your sight strider...

[14:53] {Threei} 118 be taken now

[14:53] {larisa} vad, you think it is possible big brokers provide "them" the info on retail positions/stops/margin calls to fuel the short squeezes ? I really wonder how it is orchestrated. if you analize millions of accounts, the picture can be telling.

[14:53] {Threei} nah

[14:54] {larisa} I feel some structure behind it, can not explain what it is though :)

[14:54] {Threei} conspiracy involving that many people in such organized fashion can't stay undercover for than 5 minutes

[14:54] {Threei} there is structure, you are absolutely right

[14:54] {nemo} It'a Aasimov's "Foundation"

[14:54] {Threei} but it's based on the same thing all setups are based on

[14:55] {strider} my lvl 1 shows high of amzn at 119.65

[14:55] {Threei} stops are generally placed in the vicinityh of the same prices

[14:55] {strider} did I miss something?

[14:55] {nemo} Hey! witch index Amazon in?

[14:55] {nemo} yeah, mine too

[14:55] {nemo} which

[14:55] {strider} sell short!

[14:57] {nemo} I wonder how much Amazon is skewing Naz performance today?

[14:57] {strider} that must be the biggest fool...119.65

[14:58] {magoo} is that legit

[14:58] {strider} rimm again?

[14:59] {strider} dunno mags...it's there

[15:03] {Threei} I don't see it on chart

[15:03] {Threei} I doubt it

[15:03] {strider} just a 3 bar consol.

[15:03] {Threei} 118.56 is high on daily chart

[15:03] {strider} awhile ago.

[15:03] {nemo} this last hour could be precarious

[15:04] {strider} are shorts likely to push it up at end of day?

[15:04] {bkhmd} Vad your read on IP?

[15:04] {Threei} I don't have any... it's slow and narrow

[15:04] {dptl} have a good weekend all

[15:05] {Threei} mirroring market very much

[15:05] {Threei} take care dp

[15:05] {fernp} bye dp

[15:05] {strider} dp:)

[15:05] {Threei} probaly will cntinue doing so and go with market

[15:05] {nemo} just a silly feeling, but, as Vad says, it ain't gonna' be easy shorts will probably cover some incase there's a crapload of good news that comes out

[15:05] {bkhmd} ahh i see that now

[15:09] {strider} bear flag on RIMM

[15:09] {nemo} s1 is .81, see if it stalls here

[15:11] {strider} 17.60 a buy AMZN?

[15:12] {Threei} I'll go on a limb and say

[15:12] {Threei} AMZN is done

[15:13] {larisa} I think it will push for day high by eod

[15:13] {nemo} It's holding a nice trend line though

[15:13] {magoo} i think more up

[15:13] {larisa} lol

[15:13] {strider} yeah, what you all said.

[15:13] {nemo} What...take viagra magoo?

[15:14] {magoo} i think larisa got it right

[15:14] {nemo} what, "lol"

[15:14] {larisa} 120 is so close.. have to push

06[15:14] * larisa slaps nemo around a bit with a large trout

[15:15] {Threei} no way

[15:15] {nemo} whoa

[15:15] {larisa} it was funny, nemo

[15:15] {nemo} what was funny...whacking me?

[15:15] {larisa} no, you silly "lol" joke

[15:15] {Threei} that's always funny

[15:15] {nemo} oh...ty

[15:16] {nemo} fyvm vad

[15:16] {Threei} and joyful

[15:16] {Threei} no 120 is my bet

[15:16] {Threei} no 119 either

[15:17] {larisa} if you are wrong, we will make you pay

[15:18] {Threei} how?

[15:18] {larisa} no misspells for a week

[15:18] {Threei} ouch

[15:19] {Raven} good luck

[15:19] {magoo} 119.67

[15:19] {Threei} cruel

[15:19] {Threei} ok

[15:19] {Threei} libm is limb

[15:19] {Threei} I am going to short AMZN on 118 break

[15:20] {Threei} new high cancels that

[15:20] {magoo} im in 118

[15:23] {larisa} so stubborn

[15:24] {Threei} who?

[15:24] {larisa} AMZN

[15:26] {magoo} out

[15:29] {Threei} covering half

[15:29] {magoo} good read

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 910M shares, about 3% above its three-month average; decliners lead advancers by 6.8:1.

[15:31] {Threei} - NASDAQ volume 2.06B shares, about 11% above its three-month average; decliners lead advancers by 3.3:1.

[15:31] {Threei} - VIX index +7% to just over 22.00

[15:34] {fernp} LVS short here Vad?

[15:35] {Threei} most likely yes

[15:37] {Threei} too bad second half didn't want to proceed to 116

[15:37] {Threei} watching for another setup

[15:37] {Threei} and LVS looks better and better

[15:38] {fernp} in now

[15:38] {strider} stop .57?

[15:39] {strider} lvs

[15:39] {fernp} .61 here

[15:39] {strider} k

[15:42] {Threei} same trigger againfor AMZN

[15:42] {strider} stop?

[15:43] {larisa} intraday shorts on AMZN will cover now IMO

[15:43] {nemo} yeah, on everything

[15:43] {Threei} don't know yet strider

[15:43] {Threei} you guys assume there are any shorts on it sltill standing... :)

[15:44] {Threei} they are dead, buried, sang for

[15:44] {larisa} but they need to cover :)

[15:44] {Threei} magoo personally put the nails in the lid of their coffins

[15:44] {larisa} lol

[15:44] {Threei} lol larisa

[15:46] {Threei} ok

[15:46] {Threei} top of this bounce will be stop for amzn

[15:48] {Threei} no go

[15:50] {Threei} let's scratch LVS guys

[15:51] {Threei} too close to eod

[15:51] {strider} I'm out at .-02

[15:51] {Threei} anything can happen

[15:51] {Threei} AMZN fooled all of us - no new highs and no drop, lol

[15:51] {larisa} just wait

[15:51] {larisa} 10 more minutes

[15:52] {larisa} 120

[15:52] {Threei} yeah, 9 min is plenty for this animal

[15:52] {larisa} Fear and panic will drive it, best drivers :)

[15:53] {larisa} I feel like magoo with all these targets :)

[15:53] {Threei} FUD

[15:53] {Threei} Fear, Undcertainty, Doubt

[15:54] {strider} LVS you jerk

[15:58] {nemo} wow

[15:58] {Threei} uh oh

[15:59] {nemo} who are the idiots

[15:59] {Threei} good spelling, here I come

[15:59] {strider} I can see Larisa's head growing dfrom here.

[15:59] {nemo} of course, when it hits 129 on Monday

[15:59] {Threei} for how long Larisa??

[15:59] {magoo} i was 1..out .76

[15:59] {larisa} 119 - 3 days, 120- 1 week

[15:59] {nemo} where were you in .50?

[15:59] {Threei} 3 days...

[16:00] {Threei} it's what

[16:00] {Threei} Monday

[16:00] {Threei} the Tuesday

[16:00] {Threei} then

[16:00] {fernp} that's almost torture

[16:00] {Threei} and then the day I won't spell anymore during next three days

[16:00] {bkhmd} good night good weekend all

[16:00] {bkhmd} thanks for the lesson vad

[16:00] {magoo} ty vad..everuone

[16:00] {larisa} bye :)

[16:00] {Threei} OK guys, thank you all

[16:00] {Threei} glad this week is over

[16:01] {nemo} cya

[16:01] {Threei} not an easy one by any means

[16:01] {fernp} next week will be better

[16:01] {fernp} have a nice weekend everybody

[16:01] {Threei} it ought to

[16:01] {Threei} have a great relaxing weekend

[16:01] {Threei} see you on Monday

[16:02] {lasertrev} have a good weekend all