Wednesday, October 17, 2007

October 17, 2007

Session Start: Wed Oct 17 00:00:00 2007

Session Time: Wed Oct 17 00:00:00 2007

[05:09] {bruce} gm everyone
[05:27] {Threei} morning guys
[05:28] {hawkfan4} good morning
[05:28] {Threei} hawk :)
[05:29] {Threei} impressive NASDAQ gap...
[05:29] {Threei} not really what I'd like to see for a sustainable rally continuation
[05:30] {Threei} *SEPT HOUSING STARTS: 1.19M V 1.280ME; BUILDING PERMITS: 1.22M V 1.285ME
[05:31] {Threei} *SEPT CONSUMER PRICE INDEX M/M: 0.3% V 0.2%E; CPI EX FOOD_ENERGY" 0.2% V 0.2%E; CPI NSA: 208.490 V 208.405E
[05:31] {bruce} you think exhastion gap?
[05:31] {Threei} quite possible
[05:31] {Threei} if we climbed slowly into highs I'd be more enthusiastic
[05:32] {Threei} big gap on particular events after that big red day is more like "yay, chance to sell"
[05:32] {bruce} k
[05:32] {bruce} still lots of talkj about a possible correction coming
[05:33] {cosmo} gap is INTC sympathy
[05:33] {cosmo} i think
[05:34] {Threei} CNTF
[05:34] {Threei} - This is TechFaith's first contract from a customer that is not in the telecommunication sector. The Company expects to benefit from strong demand in the broader, non-telecommunication market going forward
[05:35] {cosmo} CNTF all time high = 10 fwiw
[05:36] {Threei} bruce... maybe there is a need to review a day like yesteday, comparing my calls to your trades... there is some obvious disconnect, hate to see losing day on your side when most of calls worked nicely on mine
[05:36] {cosmo} CNTF high = 9.32 last nite
[05:37] {Threei} this is yesterday's news?
[05:37] {Threei} yet it traded under 7 this morning... wierd
[05:37] {cosmo} after mkt
[05:37] {bruce} lost on cfc and immu reversal
[05:39] {bruce} lost on gm reversal
[05:39] {bruce} anyway - water under bridge now
[05:40] {Threei} true but there is a lesson in most losses
[05:40] {Threei} not all, some of them are just a tribute to market's natural uncertainty
[05:40] {cosmo} better its water than milk?
[05:41] {Threei} I haven't even looked at GM yesterday, I remember I wasn't excited by CFC, mediocre setup, and was looking for pullback on IMMU that never came to my preferrable level
[05:43] {bruce} how do you set preference levels?
[05:43] {Threei} just from chart configuration
[05:43] {Threei} let me find it
[05:44] {Threei} [13:49] {Threei} I would prefer pullback on IMUU bruce
[05:44] {Threei} [13:49] {Threei} IMMU
[05:44] {Threei} [13:49] {Threei} 3.20 is support
[05:44] {Threei} that was the strong resistance a while before this exchange, got broken with nice advance, then stalled,
[05:44] {bruce} you use 5 min chart for preference levels?
[05:44] {Threei} and there was no real frenzy that would allow to dismiss all technicals,
[05:45] {Threei} so I wanted pullback into new support, former resistance
[05:45] {Threei} if I remember correct it never reached 3.29, just finished somewhere above it
[05:45] {Threei} 3.20
[05:45] {Threei} I use 1 min... but that's not very important
[05:46] {bruce} k
[05:49] {cosmo} EXAS: FDA and Regulatory Update Conference Call; Discussion of Warning Letter from the FDA scheduled for 8:30 am ET today
[05:49] {cosmo} CCBN (Wed 8:30am)
[05:49] {cosmo} that's now
[05:49] {bruce} there was a big reversal play yesterday - amln or something like that
[05:50] {bruce} how do you figure appox area reversal will happen?
[05:52] {Threei} there are no rules to violent selloff bottom search
[05:52] {Threei} they can go much farther than seems reasonable
[05:53] {Threei} that's why pure guess-based bottom hunting is a very dangerous game
[05:54] {Threei} I mean, stock is donw 1 dollar in one gasp, is it a bottom?
[05:54] {Threei} what about 2?
[05:54] {Threei} 3?
[05:54] {Threei} what is there to tell you this is the end of selling?
[05:54] {bruce} I can't read those plays
[05:54] {Threei} noone can
[05:54] {cosmo} unless you're psychic
[05:54] {Threei} this is not how correct bottom hunting is done
[05:54] {bruce} by the time reversal is confirmed its usually too far to enter
[05:55] {Threei} if it forms readable setup with affordable risk at the end of selling, it's a reasonable play
[05:56] {Threei} if it just jumps big off the bottom, shrug and move on
[05:56] {Threei} observe how dino plays those,
[05:56] {Threei} he has two approaches to it
[05:56] {bruce} watched yesterday
[05:56] {bruce} he took at .40
[05:56] {Threei} one is to try and bid way way out there
[05:56] {bruce} it was still tanking
[05:56] {bruce} it went down another 40 c but recoverred from there
[05:57] {Threei} which puts his possible entry into "insane" zone
[05:57] {Threei} high chance to miss the entry which happens often,
[05:57] {Threei} and if get it, much better chance for it to be right one,
[05:57] {Threei} which happens to him quite often too.
[05:57] {Threei} It's still including big element of guessing but he minimizes it as much as possible,
[05:58] {Threei} and minimizes risk
[05:58] {esemde} morning all.....
[05:58] {Threei} this is very good understanding of how capitulation plays work on his part
[05:58] {Threei} ese :)
[05:58] {bruce} looked to me like a guess cause reversal hadn't started yet
[05:58] {Threei} another way he often utilizes is,
[05:58] {bruce} would have to set a big stop
[05:58] {Threei} let the stock bottom out, bounce, stall or retreat,
[05:58] {Threei} then look for a recognizable setup
[05:58] {bruce} say 75c or so to let it play out
[05:59] {bruce} and hope for better han 1
[05:59] {bruce} $1. win
[05:59] {Threei} as it forms double bottom, or consolidation to break
[05:59] {bruce} that was my thought
[05:59] {Threei} but don't forget, what dino does with this kind of plays is not for everyone, this is high eskill/experience/feel level
[05:59] {bruce} wait for readable bottom
[06:00] {bruce} agreed
[06:00] {bruce} not usre I havbe stomach for those plays
[06:01] {Threei} and with his tremendous experience and good read for them, he still keeps his p;osition size small on those
[06:01] {Threei} just because of their built-in risk
[06:01] {cosmo} INTC pre mkt high = 27 fyi
[06:01] {bruce} have seen some multi dollar drops in minutes
[06:01] {bruce} could wipe out an account if you pick wrong and can\t get out
[06:02] {markweb} gm all
[06:02] {Threei} mark :)
[06:02] {markweb} :)
[06:02] {bruce} big move for intc
[06:02] {bruce} hi mark
[06:02] {Threei} that's what I observed happening multiple times bruce
[06:02] {Threei} that's why I don't usually recommend this kind of plays
[06:03] {cosmo} cntf
[06:03] {Threei} they are for someone who ate his portion of what market can dish out... and neighbour's portion too
[06:04] {bruce} k
[06:04] {Threei} for some reason reversal plays on big moves are sooo attractive...
[06:04] {Threei} people just can't stand them go by
[06:04] {bruce} can see why
[06:04] {bruce} lots of money in seconds
[06:05] {esemde} good morning all
[06:05] {bruce} hi ese
[06:05] {Threei} well... how about inevitable equation... :)
[06:05] {Threei} de ja vu
[06:05] {Threei} [08:58] {esemde} morning all.....
[06:05] {Threei} [08:58] {Threei} this is very good understanding of how capitulation plays work on his part
[06:05] {Threei} [08:58] {Threei} ese :)
[06:05] {Threei} ;)
[06:06] {bruce} how do you judge frenzy - time and sales window?
[06:06] {Threei} mostly, yes, with level 2
[06:07] {bruce} a lot of plays over last couple weeks had very thin level 2
[06:07] {bruce} thought maybe you don't pay much attnetion to it anymore
[06:07] {Threei} that's because og China mania
[06:07] {Threei} a lot of those are thin
[06:07] {Threei} but that's where the center of activity was
[06:07] {bruce} the plays with thick level 2 often dont move far - just enough to get you to enter - then reverse to stop
[06:08] {Threei} didn't we play at least two of those yesterday with quite nice result?
[06:08] {Threei} NVDA and BRCM
[06:09] {cosmo} INTC tests
[06:09] {Threei} level 2 reflects liqyidity
[06:09] {Threei} thin level 2 - very liquid stock, moves easily
[06:09] {Threei} bigger risk
[06:09] {Threei} thick level 2, big liquidity, harder to move
[06:10] {bruce} brcm yesterday- moved fast despite level 2
[06:10] {Threei} because had momentum
[06:10] {bruce} you read it right - ignoring initial break and waiting for pullback
[06:10] {bruce} break play would have been loss
[06:11] {Threei} CMTF at 9 again
[06:13] {Threei} CNTF sorry
[06:15] {dptl} good morning all
[06:16] {Threei} dp :)
[06:17] {dino} gm all
[06:17] {Threei} dino :)
[06:17] {Threei} dino, we didn't talk about you and your trades while you were away, no sir
[06:18] {tomg} gm everyone
[06:18] {Threei} tom :)
[06:18] {bruce} hi dino
[06:18] {bruce} bidu recovered nicely for you
[06:19] {bruce} hi tom
[06:20] {dino} i see above much too much credit given
[06:20] {Threei} feel free to wire it to whoever you deem necessary
[06:21] {Threei} (hint: magoo would be a good choice, he brings you beer)
[06:21] {bruce} gld possible long breakout setup?
[06:21] {dino} lol
[06:22] {Threei} it's above yesterday's resiatnce
[06:22] {Threei} at rthis point, breakout of what?
[06:22] {Threei} yesterday's resistance already broken, new one is not formed yet
[06:23] {magoo} morni ng
[06:23] {Threei} magoo :)
[06:24] {bruce} should have said breakout continuation
[06:24] {bruce} hi magoo
[06:25] {magoo} u nailed dino to the tee vad in description
[06:25] {magoo} exactly
[06:25] {Threei} I am very observant
[06:25] {Threei} when I don't sleep
[06:26] {magoo} really? oh oh...i nin big trouble then
[06:26] {dino} bidu +15
[06:27] {Threei} yup... I can tell a lot about one's trading habits if one posts his entries and exits
[06:27] {Threei} so be afrrraid, be verry afraid
[06:27] {bruce} 45 poits to go dino
[06:29] {dino} :); vad has me looking over my shoulder
[06:30] {Threei} never mind that blinking red light behind the curtain dino
[06:30] {bruce} just keep finger on button dino
[06:30] {magoo} i gonna pouke
[06:31] {magoo} u guys sucking up to my nemisis
[06:31] {bruce} you trade dino and vad will have your heart attack for you
[06:31] {Threei} rofl
[06:32] {Threei} I am distrustful of this gap... want to sit out first 10 minutes
[06:32] {bruce} k- was wondering about nok long
[06:32] {Threei} or however long I can sleep while pretending to work hard
[06:33] {ramvfin2003} CNTF any thoughts vad?
[06:33] {magoo} look yhoo sell
[06:33] {Threei} CNTF goes through morning hectic readjustment for now
[06:33] {Threei} can do anything at this point, let's see if it forms something when it calms down a little
[06:35] {Threei} I don't know bruce... NOK is just not interesting
[06:35] {ramvfin2003} CHL?
[06:35] {Threei} YHOO gets interesting
[06:36] {Threei} one more pullback, and if holding above .60, .75 becomes long trigger
[06:37] {magoo} was there new news?i know reported last nite
[06:38] {dino} wbmd?
[06:38] {ramvfin2003} in YHOO .75
[06:38] {dino} strn
[06:38] {Threei} lower guidance yesterday WBMD
[06:39] {magoo} is yhoo personna like nvda or brcm vad?
[06:40] {magoo} as in moves w/naz
[06:40] {bruce} you're lokking for double bottomw with higher low in yahoo?
[06:40] {Threei} often yes, magoo
[06:40] {magoo} so we need to see the qqq bounce
[06:40] {Threei} yes bruce
[06:40] {Threei} NQ is not holding so far
[06:40] {bruce} k - got you
[06:41] {bruce} ther it is - now . needs to hold
[06:41] {bruce} .6
[06:41] {magoo} bruce, qwe need qqqq to reverse
[06:42] {bruce} k- thanks mags
[06:42] {magoo} put up a qqqq minute chart to follow
[06:42] {magoo} i alkways have it up as indicator
[06:43] {bruce} I have it up
[06:43] {Roman} what's the price of Crude?
[06:44] {Threei} $35
[06:44] {Roman} ESLR Evergreen Solar spikes 30 cents in first 10 min of trade as Royal Dutch Shell-for-ESLR makes the rounds (9.44 +0.33)
[06:44] {Threei} wait... I forgot to get out of my time machine
[06:44] {Roman} :)
[06:44] {Threei} or day-dream machine
[06:44] {bruce} yhoo valid now
[06:44] {bruce} ?
[06:45] {Threei} it is
[06:45] {Threei} it's still in NQ's hands but it shows the resilience
[06:45] {cosmo} exas
[06:46] {dino} wbmd capit setting in imo
[06:46] {cosmo} 4.12 hod
[06:46] {dino} l hl .65 wide
[06:47] {markweb} NO:)
[06:47] {dino} lol
[06:48] {Threei} stopped YHOO
[06:48] {markweb} out of diapers with your strategy:)
[06:48] {ramvfin2003} out YHOO -.15
[06:49] {Roman} long DSTI
[06:50] {Roman} slow all day hold
[06:50] {dino} that abbery is one bright chick, i suppose recession they go down
[06:50] {magoo} yhoo bounce coming..niot in yet
[06:50] {Threei} wisdom sharing continues dino
[06:51] {dino} cracking me up lately
[06:51] {dino} and i go out and people talk about these comments, sheesh
[06:54] {Threei} that's why I don't go out
[06:55] {dino} no comment, :)
[06:55] {magoo} i thought it was because every local pub has banned u
[06:55] {bruce} sure you do - crabsre afraid of you
[06:55] {Threei} nothing is secret these days...
[06:56] {magoo} bounce time yhoo
[06:56] {magoo} in .56
[06:56] {Threei} BHIP?
[06:56] {dino} hl l eric .85, stop .48
[06:56] {Threei} SCON 8.20 break long
[06:57] {dino} pwrd, hway
[06:59] {Threei} 8.09 stop
[06:59] {ramvfin2003} l SCON .22
[07:00] {dino} wbmd not working, stopping out
[07:01] {dino} -.55
[07:04] {Threei} CPSL?
[07:05] {ramvfin2003} UTX long?
[07:05] {Roman} CNTF
[07:05] {Roman} long off 8
[07:06] {magoo} in cpsl; .77 out .09 TY VAD too quick ytoo post
[07:06] {Threei} welcome but what heck with it?
[07:06] {magoo} huh?
[07:07] {Threei} why did it jump all of a sudden? :)
[07:07] {magoo} its personnality
[07:07] {dino} china play
[07:07] {magoo} yhoo is 1:!
[07:08] {Threei} sheesh... CNBC hyped it... you guys with your explanations :)
[07:09] {markweb} missed LULU
[07:09] {magoo} lulu..yeah..we need to keep on screen
[07:10] {magoo} 51 high yester
[07:10] {markweb} big one 200"
[07:10] {magoo} out YHOO .77 here, + 21
[07:10] {magoo} full boat
[07:10] {Threei} good one mags
[07:11] {Threei} CPSL guys
[07:11] {magoo} ty
[07:11] {markweb} cpsl
[07:11] {Threei} watch it, could be sustainable this time
[07:11] {Threei} .21 trigger, risky momo play
[07:11] {cosmo} cpsl to the moon, maybe?
[07:11] {Threei} if it taskes resistance level at .35 - .45, not much to keep it from 12
[07:12] {magoo} LULU vad?
[07:12] {magoo} 65??
[07:12] {Threei} need pullback mags
[07:12] {magoo} [10:13] {magoo} 65??
[07:12] {Threei} today? resounding no
[07:13] {bruce} stop would be 10.90 cpsl?
[07:13] {Threei} if sets up from here, yes
[07:13] {bruce} k
[07:13] {Threei} invalidating level is .80
[07:14] {Threei} here comes LULU
[07:14] {Threei} into support 48.5
[07:14] {magoo} CPSL kinda goes then in we may get one more run...then done
[07:15] {cosmo} EXAS 4.54 hod far ....if you like healers...
[07:16] {magoo} we missed nvda vad
[07:16] {magoo} nice pop
[07:17] {dino} scor
[07:17] {Threei} I watched it... couldn't get a read
[07:18] {Threei} big gap days are always tough
[07:19] {ramvfin2003} CPSL still l on .21?
[07:19] {Threei} yes, but you know how risky it is
[07:19] {Threei} if not, stay away
[07:19] {Threei} this is one of those... huge potential, huge risk
[07:19] {dino} nrmx
[07:20] {Threei} no news that I see
[07:21] {bruce} qs barely moved so far today
[07:21] {dino} l leap .50 hl
[07:24] {cosmo} EXAS tests .54
[07:26] {Threei} LULU starts forming C&H on 1 min
[07:26] {Threei} .90 long trigger if you haven't grabbed pullback
[07:26] {Threei} volatile, thin
[07:27] {Threei} ideally, if holding above .50
[07:27] {Threei} CPSL lost support
[07:30] {Threei} *DOE CRUDE: +1.78M V +1ME ; GASOLINE: +2.77M V +400KE ; DISTILLATES: -1M V -750KE ; UTILIZATION: V 87.5%E
[07:30] {Threei} Crude: +4.4M
[07:30] {Threei} Distillate: +1.93M
[07:30] {Threei} Gasoline:-3M
[07:31] {Threei} market likey
[07:32] {Threei} ENER?
[07:33] {Roman} out 1/2 CNTF
[07:33] {Threei} nice one
[07:34] {magoo} vad, thoughts "FEEL" LULU?
[07:35] {Threei} as far as it can be read... 51 shouldn't be too hard
[07:35] {bruce} ostk just popped
[07:35] {Threei} HLIT
[07:36] {Threei} you have 1:1 on LULU, why not take half off the table
[07:36] {Threei} ease the tension
[07:38] {Threei} market is still way too unstable
[07:39] {markweb} dino. stop on ERIC?
[07:40] {dino} scor hl s .05
[07:42] {magoo} LULU skerrin magoo...and thats saying alot
[07:44] {Roman} scalped SCOR , ty dino
[07:45] {Roman} SHOO
[07:45] {dino} cov scor .20, +.85
[07:45] {Roman} radar,
[07:45] {markweb} gj dino:)
[07:45] {dino} eric stopped -.37
[07:46] {dino} ty mark
[07:46] {dino} wbmd back to my entry
[07:46] {ramvfin2003} play on HLIT?
[07:47] {Threei} 12 break if holding abobe 11.90...
[07:47] {ramvfin2003} ty
[07:48] {dino} i warxt
[07:48] {dino} arxt
[07:48] {magoo} out LULU
[07:48] {Threei} CTDC?
[07:51] {magoo} in .56
[07:51] {magoo} out .92 NICE vad
[07:52] {Threei} wtg
[07:52] {magoo} your alert :)
[07:52] {Threei} your feel and guts... there was nothing but feeding frenzy
[07:52] {bruce} nice one mags
[07:52] {bruce} I didn't see an entry
[07:52] {magoo} my favorite really
[07:53] {magoo} did same on your first CPSL alert
[07:53] {Threei} that was pure momo bruce... gotta have a feel for it, nothing technical about such play
[07:53] {magoo} i "feel" the level 2 frenzy bruce..very fast ..hard to post
[07:54] {bruce} k
[07:54] {bruce} good skill to have
[07:54] {magoo} and u gotta immediately offer out to get hit..see now
[07:54] {Threei} observe this kind for a while when they come along
[07:54] {Threei} you will get it
[07:55] {Threei} HMIN... interesting
[07:56] {bruce} would imagine yoiu use market orders for those kinds of plays mags?
[07:56] {Threei} watch the explosion through .50 bruce
[07:56] {Threei} see?
[07:56] {dino} leap stop is .97 fwiw
[07:57] {bruce} yes -slowing down now though
[07:57] {dino} grrr stopped, not my nkt
[07:57] {dino} \market
[07:59] {magoo} bruce no way always ALWAYS limit
[07:59] {magoo} LIMIT ORDER
[07:59] {magoo} i not leaving it to screw me
[08:00] {bruce} k- didn't think you could get in with limit with those fast moves
[08:01] {magoo} with LASER u can get ANYTHING...unbelievable
[08:01] {magoo} u use LASER?
[08:01] {bruce} yup
[08:01] {Threei} limit above current price bruce
[08:01] {bruce} k
[08:02] {bruce} I use smart in if its moving fast
[08:02] {bruce} takes out first isld level
[08:03] {magoo} use ISLD
[08:03] {magoo} or arca
[08:03] {magoo} which brojker?
[08:03] {dino} i use smart bruce, but don't play those types
[08:04] {Threei} bruce, make sure you have Route out boxes checked
[08:04] {bruce} I think I do
[08:04] {magoo} all of them vad?
[08:04] {Threei} yes
[08:04] {magoo} i don't have edga checked
[08:04] {magoo} i should?
[08:05] {Threei} shouldn't matter for NASDAQ stocks... but heck, why take a chance
[08:05] {Threei} it can't hurt
[08:05] {magoo} in default method, u check "follow lev 2"?
[08:05] {Threei} it simply means that any route you use hits everything else, not just this particular route
[08:06] {magoo} u check that?
[08:06] {Threei} no, it's uncheked in mine... not sure what it does
[08:06] {Threei} ask this guy who just popped in
[08:06] * magoo slaps LaserDave1 around a bit with a large trout
[08:06] * Threei slaps LaserDave1 around a bit with a large trout
[08:06] {LaserDave1} hi guys
[08:07] {magoo} dave, scroll up a few to my vad /
[08:08] {LaserDave1} what is the actualy question
[08:09] {LaserDave1} in a fast moving stock what is the best way to get in?
[08:09] {dino} if a tree falls in the woods
[08:09] {magoo} [11:06] {magoo} in default method, u check "follow lev 2"?
[08:09] {LaserDave1} lol
[08:09] {magoo} in default /
[08:10] {Threei} CTDC trying again
[08:11] {LaserDave1} i dont have that checked
[08:11] {LaserDave1} if you want best levels it is good to have route out inet checked
[08:11] {magoo} ok, in naz box what u got? i have INET
[08:11] {bruce} volumes been dropping
[08:12] {LaserDave1} buy on INET (inside quote) is an awesome key to use
[08:12] {LaserDave1} best key if u ask me
[08:12] {LaserDave1} can trade so fast with it
[08:12] {LaserDave1} if you hit that key it will try to buy
[08:13] {LaserDave1} your default amount of shares at current offer price
[08:13] {Threei} but... will it bring you beer?
[08:13] {LaserDave1} if you are not filled it will tehn cancel
[08:13] {magoo} it will vad
[08:13] {Threei} cool
[08:13] {LaserDave1} all u do is hit it again if you like the next level price
[08:13] {LaserDave1} it is not a market order
[08:13] {LaserDave1} so it wont just fill
[08:13] {LaserDave1} say you want 2000 shares of a fairly thin stock
[08:14] {magoo} LULU read hrere vad?
[08:14] {LaserDave1} it wont just keep clearing levels
[08:14] {LaserDave1} but it is a one touch key
[08:14] {LaserDave1} mine is F4
[08:14] {LaserDave1} so i just hit it
[08:14] {LaserDave1} if i want a zillion shares of a tight stock
[08:14] {LaserDave1} i just tap it a few times
[08:14] {LaserDave1} so fast
[08:14] {magoo} 11:15] {LaserDave1} so i just hit it
[08:14] * magoo slaps LaserDave1 around a bit with a large trout
[08:14] {Threei} none here magoo
[08:15] {LaserDave1} the fish again
[08:15] {LaserDave1} then there is the opposite key
[08:15] {magoo} u have
[08:15] * magoo slaps Threei around a bit with a large trout
[08:15] {dino} drys l .00
[08:15] {markweb} PCAR Vad?
[08:15] {LaserDave1} sell on INET (inside quote)
[08:15] {LaserDave1} does the opposite
[08:15] {LaserDave1} also real qucik to note
[08:16] {dino} stld
[08:16] {LaserDave1} if you are long a stock and want out
[08:16] {LaserDave1} u can hit that key as well
[08:16] {LaserDave1} and it will try to sell all your shares at current inside price
[08:16] {LaserDave1} one touch key
[08:16] {Threei} nothing exciting about it mark
[08:16] {magoo} STLD
[08:16] {magoo} NEWS
[08:16] {markweb} ty
[08:17] {Threei} STLD mags
[08:17] {magoo} TY
[08:19] {dino} waiting at 48.45
[08:19] {magoo} ill go long here and sell um mine lol
[08:19] {bruce} is buy on inet like smart buy dave?
[08:20] {LaserDave1} it will clear out levels if u have rooute oout checked
[08:26] {magoo} vad, u got any READ on STLD?
[08:26] {magoo} easy one for u
[08:26] {dino} stld cx order
[08:26] {Threei} lol
[08:27] {magoo} how about EBAY? reports tonite
[08:29] {Threei} not my cap of tea, pre-earnings plays
[08:29] {ramvfin2003} NUE play?
[08:30] {magoo} ok
[08:30] {Threei} .16 long if holding above 57
[08:30] {magoo} NUE
[08:32] {ramvfin2003} l NUE .17
[08:32] {dino} out drys .30, +.30 too wicked
[08:32] {magoo} go change your diaper stinx
[08:33] {dino} ctrp
[08:33] {dino} lol
[08:33] {ramvfin2003} target on NUE vad?
[08:33] {magoo} took NUE
[08:33] {magoo} waiting .48
[08:33] {Threei} not sure ram
[08:34] {ramvfin2003} 57 stop right
[08:34] {Threei} just under
[08:34] {ramvfin2003} k
[08:35] {Threei} SQNM again... this stock tortures me
[08:37] {Threei} IMMR??
[08:38] {magoo} just poppin everywhere
[08:38] {dino} sorry 'bout that
[08:38] {Threei} rofl
[08:38] {dino} :)
[08:39] {Threei} 1:1 NUE
[08:40] {magoo} bruce,...lay out somewhere
[08:40] {magoo} don't care where, i at .48
[08:40] {magoo} .44 better bruce
[08:40] {magoo} i there .44
[08:41] {dino} go .43 bruce
[08:41] * magoo slaps dino around a bit with a large trout
[08:41] {magoo} thats reserved for vad and i dino...undercutting each other
[08:41] {bruce} I didn't take nue
[08:41] {bruce} gun shy
[08:41] {bruce} volume didn't look compelling
[08:41] {magoo} was your call
[08:42] {magoo} i took it
[08:42] {magoo} OUT
[08:42] {ramvfin2003} out .46 NUE
[08:42] {bruce} rams call I think
[08:42] {bruce} worked nice
[08:42] {bruce} congrats gusy
[08:42] {magoo} oh..NICE ram
[08:42] {dino} scor s hl .35
[08:44] {ramvfin2003} l HLIT .03
[08:44] {Threei} SQNM, I sincerely hate you
[08:45] {Chaeron} SQNM scrtches Threei off Christmas card list
[08:45] {ramvfin2003} vad stop on HLIT?
[08:45] {Threei} .89
[08:45] {Threei} ram... something isn't right with your orders... such thick stock as HLIT, there is no reason to yield 3 cents
[08:46] {ramvfin2003} that was my bad, i caught it late
[08:46] {magoo} SQ avail short vad...lets get it lol
[08:46] {magoo} revenge short
[08:50] {Roman} GOAM
[08:50] {Roman} is going to play
[08:51] {magoo} u promise?
[08:52] {Roman} almost
[08:52] {magoo} where u in?
[08:54] {magoo} vad dcc if u here
[08:55] {ramvfin2003} RVBD long?
[08:55] {Roman} i am in swing GOAM
[08:58] {dino} s ctrp .70 hl, darn partial
[08:58] {dino} ok
[08:58] {ramvfin2003} missed RVBD
[08:59] {Chaeron} nice GOAM
[08:59] {dino} rvbd
[09:04] {Threei} NINE?
[09:04] {ramvfin2003} NVDA play?
[09:05] {Threei} no read on NVDA
[09:11] {ramvfin2003} out hlit
[09:11] {bruce} csx approaching hod
[09:12] {bruce} worth trying long?
[09:12] {magoo} sh STLD loss 48
[09:12] {magoo} half lot if triggs
[09:13] {Threei} no feel for CSX at all
[09:13] {bruce} k - no feel no play
[09:13] {magoo} sound like my wife last nite bruce
[09:14] {bruce} lol
[09:14] {magoo} in STLD
[09:15] {bruce} what is stld stop?
[09:17] {magoo} needs mkt help
[09:19] {bruce} s stld 48.02
[09:20] {bruce} is .25 stop enough?
[09:20] {magoo} .21 bruce
[09:20] {magoo} stop
[09:20] {bruce} k
[09:21] {magoo} half right?
[09:21] {bruce} yup
[09:21] {bruce} small
[09:21] {ramvfin2003} u guys r short stld?
[09:21] {magoo} yes, butit triggerd than went up
[09:21] {magoo} so careful
[09:21] {ramvfin2003} k
[09:21] {magoo} i saw .88 prints
[09:22] {magoo} thought we had it
[09:22] {bruce} need bette than .88 to justify trade
[09:22] {bruce} yeah
[09:22] {bruce} loked like it would tank
[09:23] {magoo} yep...looked like we were gonna get a point
[09:23] {ramvfin2003} yhoo play?
[09:24] {Threei} I'd look for short on bounce YHOO
[09:24] {ramvfin2003} keep us posted big boss man
[09:24] {ramvfin2003} lol
[09:26] {magoo} then why don't u boss he he?
[09:26] {magoo} naz helping us bruce
[09:27] {bruce} yup
[09:27] {bruce} so far so good
[09:27] {magoo} don't jinx us
[09:27] {bruce} exit target?
[09:27] {magoo} .56
[09:27] {ramvfin2003} YHOO short here..finger on the trigger
[09:28] {Threei} roman, what are you looking for in GOAM?
[09:28] {Threei} looks interesting
[09:28] {Roman} i am in swing looking for $10
[09:28] {bruce} out .15
[09:29] {bruce} thanx mags
[09:29] {Roman} today hard to say with NQ, looks like we are going to cluse red
[09:29] {Threei} good one guys
[09:29] {dino} wtg bruce
[09:29] {ramvfin2003} gj guys
[09:29] {bruce} + .87
[09:29] {magoo} out .39 u beat me NICE
[09:29] {bruce} lucky
[09:29] {magoo} welcome bruce
[09:31] {magoo} + 63, but i had 700 sh lol
[09:32] {bruce} 200 here
[09:32] {bruce} still very nice
[09:32] {magoo} xcellently played is tthe point...vad should agree
[09:33] {dino} cov ctrp .05, +.65
[09:34] {dino} who is this vad you speak of
[09:35] {bruce} great read magoo- still looked to me like it could go north or south
[09:35] {ramvfin2003} vad quite today...under the weather?
[09:35] {dino} cov scor .80, +.55
[09:36] {bruce} how did you pick short as higher probablitiy?
[09:36] {Threei} just don't feel like working ram {G}
[09:37] {dino} slacker
[09:37] {ramvfin2003} lol
[09:38] {magoo} bruce, i was watching the lev 2,...interest is dying ...up huge...needs to breathe..hence down
[09:38] {magoo} feels lower..not in
[09:39] {bruce} k
[09:39] {dino} coin flip bruce, imo, just keep your stop
[09:40] {dino} imo of course
[09:40] {magoo} oh yeah..flip a coin right now dino...ill tell u whats coming
[09:40] {bruce} I do dino - just pick wrong too often
[09:41] {dino} need a new coin, come to the dark side bruce
[09:41] {bruce} lol
[09:41] {bruce} I like shoprting
[09:41] {magoo} dark side better..lower electric bill
[09:41] {bruce} they work faster
[09:41] {magoo} dino makes us trade with no l,ights on in office
[09:42] {magoo} eyes adjust
[09:42] {bruce} evil glare from screen radiation
[09:42] {dino} you're lucky i let you use the air conditioner little man
[09:43] {dino} over daily, taken a 15 min break
[09:43] {bruce} the complimetns are flying n ow
[09:43] {dino} you can see we were raised on positive reinforcement
[09:44] {ramvfin2003} tempted to go short on STLD here
[09:46] {dino} wants 48.40ish imo
[09:47] {magoo} NO RAM
[09:47] {magoo} could bounce
[09:47] {ramvfin2003} k
[09:51] {ramvfin2003} anyone long STLD?
[09:52] {Threei} YHOO around resistance
[09:53] {Threei} if NQ reverses to downside again, this should be nice spot to look for short entry
[09:55] {bruce} short yhoo here w stop to .62?
[09:55] {Threei} yup
[09:56] {magoo} sh in
[09:58] {magoo} ram..see why no long up there ?
[09:58] {bruce} s yahoo .53
[10:00] {ramvfin2003} yes
[10:05] {magoo} yhoo held that naz sell too well vad
[10:05] {magoo} out + .02
[10:06] {Threei} that was the case earlier too, that's why I wanted bounce rather than breakdown
[10:06] {magoo} look
[10:06] {dino} collapse coming
[10:06] {bruce} out .40
[10:06] {dino} mkt that is
[10:10] {ramvfin2003} NVDA short?
[10:12] {Threei} nah
[10:12] {ramvfin2003} k
[10:12] {magoo} are we down 165?
[10:12] {Threei} Dow, yes
[10:12] {Threei} COMPX is still green
[10:13] {dptl} dow-80.23
[10:14] {ramvfin2003} STLD long?
[10:14] {Threei} why?
[10:15] {ramvfin2003} seems to bouce off of 47.50-.55 few times just my opinion
[10:15] {Threei} but it's 30 cents from there
[10:16] {ramvfin2003} not when i asked
[10:17] {Threei} well... if it moves that much within 1 min, how timely my answer can be? :)
[10:18] {ramvfin2003} lol..ask my new wife how much i can accomplish in a
[10:18] {Threei} I better not :)
[10:18] {ramvfin2003} ha
[10:19] {magoo} sounds like what romans wife says he he
[10:22] {dino} lol
[10:23] {magoo} dam..i was watching wrong stock he he
[10:25] {magoo} dino does that all the time...thats why he always responds to compliments " just lucky"...damm right...pulls trigg on wrong stock and it worx lol
[10:25] {bruce} 2 to 1 for you in yhoo vad
[10:26] {Threei} yup
[10:27] {bruce} really tookm its time following market
[10:27] {dino} down we go
[10:29] {dino} sqnm hl s .38, stop .66
[10:29] {dino} vdsi fall
[10:29] {Threei} my disliking of the gap in the morning was justified
[10:30] {magoo} u can say that again
[10:32] {magoo} ill do it for u
[10:32] {magoo} 13:31] {Threei} my disliking of the gap in the morning was justified
[10:32] {magoo} [13:31] {magoo} u can s
[10:34] {Threei} ty
[10:36] {bruce} qs and dow trying to bounce
[10:36] {bruce} pretty pathetic so far though
[10:38] {ramvfin2003} missed yhoo short, should i short this bounce?
[10:39] {Threei} not before .50...
[10:39] {ramvfin2003} k
[10:39] {Threei} GEOI
[10:40] {Threei} something's going on
[10:42] {dino} hl l vdsi .20
[10:43] {dino} sqnm bstop to .35
[10:43] {Threei} - economy continues to expand; impact on ecomony is limited outside of housing
[10:43] {Threei} - Fed's sees little change in overall price pressures since July report
[10:43] {Threei} - Retail sales "generally positive"
[10:43] {Threei} - Most districts saw "modest" job gains vs similar views expressed in July
[10:43] {Threei} - Tighter credit "clouds housing outlook"; recent distress in the financial markets has "deepened" the housing slowdown
[10:46] {Threei} not for faint hearts... if this GEOI offer gets taken, likely to explode
[10:48] {ramvfin2003} ach long?
[10:49] {Threei} closer to 84 I'd think
[10:49] {ramvfin2003} k
[10:50] {dino} sqnm cov .28,, +.10
[10:52] {markweb} CTRP, dino?
[10:52] {dino} vdsi stopped -.36
[10:52] {dino} missed it mark
[10:52] {ramvfin2003} l ach 84.10
[10:52] {dino} at ,49
[10:53] {dino} .
[10:53] {markweb} me to
[10:54] {Threei} market continues downticking ram, why go long
[10:54] {magoo} end of world it seems
[10:57] {Threei} use this bounce to get out and consider it a gift
[10:57] {ramvfin2003} out
[10:57] {Threei} I am telling you... walking heart attack
[10:58] {Threei} don't buy price alone, watch for confirmation, for market help
[10:58] {Threei} price level is where you need to be ready
[10:58] {Threei} but it's not the sole reason for entry
[10:59] {dino} hl l drys .75 wide
[11:00] {Threei} GIGA?
[11:00] {magoo} quotes down
[11:02] {ramvfin2003} out ACH 85.35
[11:03] {Threei} - home sales slowed with inventories higher
[11:03] {Threei} - weaker Dollar makes imports more expensive
[11:03] {Threei} - housing may remain subdued for several months
[11:03] {Threei} - consumer spending grew at a slower pace since Aug
[11:03] {Threei} - Firms see 'higher than usual' economic uncertainty
[11:03] {Threei} - Most Fed banks saw lower home sales, prices
[11:03] {Threei} - Competition holding retail prices in check, retail sales softening, outlook uncertain
[11:03] {Threei} - Labor Markets are tight, 'modest' wage pressures
[11:07] {Threei} GIGA frenzy
[11:12] {magoo} LULU on another planet
[11:13] {Threei} sheesh... with this name I wouldn't be in this universe even
[11:13] {Threei} you expect any kind of reality from stock called LULU?
[11:27] {dino} algt
[11:35] {ramvfin2003} giga play?
[11:36] {Threei} pure momo... can't tell
[11:40] {Threei} - Notes issues raised by recent turmoil are complex, cannot rush to judgement
[11:40] {Threei} - Says G7 to discuss implications of sovereign wealth funds for stability of world financial system
[11:40] {Threei} - Says US to stress importance of IMF role in surveillance of global exchange rates
[11:56] {ramvfin2003} YHOO long?
[11:57] {dino} ctrp holds well
[11:59] {Threei} I think so ram
[11:59] {Threei} .45 stop
[12:00] {dino} back in 15
[12:08] {Threei} COCO
[12:08] {Threei} - Co. cooperating, yet not informed by action has been taken against it, or why similiar actions have been take against other institutions in the area
[12:09] {magoo} back
[12:09] {magoo} any setups vad??
[12:09] {Threei} LULU: what gravity? You have gravity in your world?
[12:10] {dino} lol dys gets me out at 119.35, +.60, while out
[12:10] {Threei} that's disgusting
[12:10] {Threei} dino makes money not even being here
[12:10] {dino} lucky
[12:11] {dino} ctrp spike coming, imo
[12:11] {Threei} I am intrigued by GEOI still magoo
[12:11] {magoo} used to be a real player remember
[12:11] {magoo} with able
[12:11] {Threei} right
[12:11] {Threei} ABLE is no more
[12:12] {magoo} yep
[12:13] {Threei} anyone thinking of a joke along the line unABLE etc, it's too obvious
[12:13] {Threei} it's my prerogative to make such lame jokes
[12:13] {dino} hmmmmmmmmmmmmmm
[12:14] {Threei} YHOO's working
[12:15] {magoo} where was yhoo entry?
[12:15] {Threei} 10-11 cents ago
[12:23] {Threei} - Odds of US recession are around 50% at most-reiterating comments
[12:23] {Threei} - Says crises like the credit crunch this year are impossible to eliminate and may become more frequent
[12:23] {Threei} - Says cannot see the end of US economy woes, depends on property market recovery
[12:23] {Threei} I am crying
[12:24] {bruce} nows thge time to buy REal estate vad
[12:24] {Threei} in USA? :)
[12:24] {bruce} 2 years ago it was hyped in all the media to buy
[12:25] {bruce} yuppers
[12:25] {bruce} buy when gloom and doom
[12:27] {dino} buy when the blood flows
[12:32] {dino} missed ctrp 3 x
[12:36] {Threei} GOAM is picking up interest again
[12:38] {magoo} ebay tonight
[12:39] {Threei} funny thing about today is, it still hasn't allowed to judge the further direction
[12:39] {dino} risky, hl s stld .01
[12:40] {Threei} while critical support level at 2150 remains untagged still, move into resistance happened in a wy that made all but imposible to get follow through
[12:40] {Threei} and retreat while expected, wasn't as deep as to indicate failure
[12:40] {Threei} so, uncertainty continues
[12:43] {dino} bstop is .27 stld
[12:44] {dino} stopped -.26
[12:45] {dino} usat
[12:49] {dino} hl s .18, stop .46
[12:55] {Threei} I remain 52% bullish as of the end of today
[12:55] {Threei} no... 51.85%
[12:56] {dino} coin toss 'eh
[12:56] {bruce} I remain confused, as usual
[12:57] {Threei} NQ finishes almost at the high
[12:57] {dino} maybe you're overthinking it. i drive magoo crazy coming in late and having no clue
[12:57] {Threei} so I have to give this 1.85% preference to bullish side
[12:57] {bruce} nice call in yahoo long vad
[12:58] {bruce} I thought it wuld drop further todaqy
[12:58] {dino} cov usat .01, +.17
[12:58] {Threei} you took it ram?
[12:59] {dino} good day all thanks for ideas
[12:59] {Threei} thank you all
[12:59] {Threei} have a good evening, see you tomorrow for more confusion
[12:59] {ramvfin2003} good night all
[12:59] {Threei} both GOAM and GEOI on watch
[13:00] {bruce} geoi looks awful thin
[13:01] {Threei} always was this way
[13:01] {Threei} it's a small oil stock
[13:01] {Threei} horribly volatile
[13:01] {Threei} totally explosive when catches momentum
[13:01] {bruce} 37k volume for day
[13:02] {Threei} and this is not the worst day for it :)
[13:02] {bruce} could move big either way
[13:02] {Threei} sooo... what about EBAY
[13:03] {bruce} nice closing volume in ebay
[13:03] {bruce} thanx all
[13:03] {Threei} MOGN REPORTS Q3 $0.13 V $0.12E, R$112.5 V $108.5ME
[13:03] {bruce} se you in am
[13:04] {Threei} ARNA REPORTS Q3 $0. V -$0.71E, R$5M V $6.4ME
[13:05] {dino} qcom
[13:05] {Threei} anyone sticks around to wait for ebay?
[13:05] {dptl} me
[13:05] {dino} new trial maybe
[13:05] {dino} gotta hop, take care all
[13:05] {Threei} CTXS REPORTS Q3 $0.41 V $0.38E, R$ V $340ME- Guides Q4 R$ v $373Me{FFIV}
[13:05] {bruce} you going to trade it post market vad?
[13:06] {Threei} if it's tradeable
[13:06] {bruce} k
[13:06] {bruce} I'm game
[13:06] {bruce} said the rabbit
[13:06] {Threei} lol
[13:07] {magoo} i guress it pops up
[13:07] {magoo} last nite i hit yhoo for 2 bux, but only 400 shares
[13:07] {magoo} in 27.44 out 29.2ish
[13:08] {Threei} nice
[13:08] {Threei} hmmm... CTXS
[13:08] {bruce} yes
[13:08] {Threei} report didn't look bad
[13:08] {Threei} strange dump, then big recovery
[13:11] {magoo} ty vad for today, i had a triple goal day
[13:11] {Threei} wow, nice
[13:11] {magoo} took hit yesterday, but made up tofday
[13:12] {magoo} why jade moving
[13:13] {Threei} auditor resigns, accounting issues, you name it
[13:13] {Threei} POS