Thursday, January 10, 2008

January 10, 2008

Session Start: Thu Jan 10 00:00:00 2008

Session Time: Thu Jan 10 00:00:00 2008

[04:55] {hawkfan4} whew, for a bit there i thought i was gonna have to be in charge :) morning Vad
[04:58] {Threei} morning hawk :)
[04:58] {Threei} hey, it's a good idea
[04:59] {Threei} you sure you don't want to?
[05:03] {hawkfan4} lol, it might be pure chaos. I haven't quite got the stress free trading part down to a science yet
[05:03] {Threei} who said chaos is bad
[05:04] {hawkfan4} :) so true
[05:05] {Threei} from my chess days:
[05:05] {Threei} there was a school of Botvinnik, 3 or 4 times world champion,
[05:06] {Threei} shcool of logic, iron sequences
[05:06] {Threei} strict analysis
[05:06] {Threei} and generation after generation of chess players were taught this
[05:06] {Threei} then at some point new star appeared, Michael Tal,
[05:07] {Threei} a guy who built his entire game style on chaos
[05:07] {Threei} he had natural ability to intuitively find his way in chaotic situations where logic was totally thrown off
[05:07] {Threei} so his approach was:
[05:08] {Threei} from the early stages odf the game he would violate all the rules and all the logic,
[05:08] {Threei} taking the situation off beaten path
[05:08] {Threei} and creation positions with no pillars for traditional analysis
[05:08] {Threei} creating
[05:09] {Threei} what do you know, players of normal schooling would totally lose their ability to analyse situation
[05:09] {Threei} and his skill to find his way in muddy waters would kick in and take him to the victory
[05:09] {hawkfan4} pure genius if you can pull it off
[05:10] {Threei} he even proceeded to beat Botvinnik himself and beome world champion
[05:10] {hawkfan4} nice :)
[05:11] {Threei} genius yes... but general principle applies:
[05:11] {Threei} go off the beaten path, and you have advantage over those who can't play without traditional rules
[05:15] {Threei} btw, trading application exists as well, and on many levels
[05:16] {Threei} the most obvious is, do many of day traders make money trading MSFTs or INTCs of the world? :)
[05:16] {Threei} you have much better chance with obscure stocks
[05:16] {Threei} but as obscure stock gets too much recognition and following, it goes mainstream and becomes harder
[05:16] {hawkfan4} i like it. that's kind of why i haven't made any calls in the room, because i sit thru bigger stops and intraday drawdowns on some of my positions. Like yesterday i started buying WFR at 69.60 and bought it down to 68.90. Made good money, but someone else would've had to bail for a loss b4 it worked.
[05:17] {Threei} another analogy is a stage at which you start paying attention to the stock and particpating in it... early stage is the most priftable, and when the crowd discovers it, move is over
[05:17] {Threei} if bigger stops match your approach/personality, nothing's worng with that
[05:20] {hawkfan4} my biggest problem is that it occasionally leads to a big down day when i'm wrong with my market read. That's something i'm working on, basically not overtrading is my biggest problem.
[05:21] {Threei} I am not sure it's a problem to rectify
[05:21] {Threei} I mean, with wider stops loss is naturally bigger,
[05:21] {Threei} and those days when things don't work will of course will be losing days, and size of loss will be proportional to the width of stops
[05:22] {Threei} when things go in your favor, size of your win is also bigger than average scalpers
[05:22] {Threei} so it's just a matter of scale
[05:22] {Threei} you can't have srtops/losses equal to scalping ones and wins equal to swing trader ones, right?
[05:23] {hawkfan4} true, that makes sense
[05:23] {Threei} as MPP says... all the elements of your trading style should be aligned
[05:24] {Threei} try to keep narrow stops of scalping world while basing your entires on swing setups, and you will be shaken out regularly
[05:24] {Threei} simply because a stop is being placed within area of natural volatility
[05:25] {Threei} and is hit before setup has a chance to work
[05:25] {Threei} when everything's aligned, stop is placed at the level of significance
[05:25] {Threei} and this level will not be the same for a scalping setup vs swing trading setup
[05:26] {hawkfan4} i'm still putting it all together, tweaking everything. You and Dino have been very helpful to me, just watching the way you handle situations, the concept of stress free trading, it's worth working towards
[05:27] {Threei} :)
[05:28] {hawkfan4} And Roman, he's money in the bank. I don't even look at the chart half the time he mentions something. Just grab it.
[05:29] {Threei} yeah, his batting average is not average at all
[05:34] {esemde} good morning ladies and germs.....
[05:34] {Threei} ese :)
[05:34] {Threei} who are you calling germ?
[05:35] {esemde} clasic old shtick of a line but i like it......
[05:35] {Threei} :)
[05:35] {esemde} ah ah ah ummmmmm...nobody vad nobody at all
[05:35] {magoo} morning
[05:36] {Threei} magoo :)
[05:36] {Threei} ese, look dcc please
[05:37] {esemde} magoo
[05:43] {BillyD} morning guys
[05:44] {Threei} billy :)
[05:45] {BillyD} anything special stick out so far
[05:45] {esemde} billy
[05:45] {esemde} COF EFII both down huge.....
[05:46] {BillyD} ty
[05:51] {magoo} why DRYS down? news?
[05:52] {magoo} EFII down 4 too
[05:52] {magoo} ILMN up 8 vad, news?
[05:53] {hawkfan4} 10-Jan-08 05:20 ET In Play Affymetrix and Illumina settle their patent disputes; Illumina to make one-time payment to Affymetrix of $90 mln (23.76 )
[05:53] {Threei} 05:01am [ILMN] Affymetrix settles patent disputes with Illumina
[05:54] {Threei} DRYS, nothing that I see
[05:54] {magoo} ok, ty
[05:58] {dptl} good morning all
[05:58] {BillyD} dp:)
[05:59] {Threei} dp :)
[06:05] {Threei} ETFC didn't convince anyone by yesterday's comments so far eh
[06:06] {magoo} vad, u got a read on ILMN short?
[06:06] {cosmo} EFII pre mkt high = 15.50 fwiw
[06:07] {Threei} chart wise, break of 70... but you know how reliable premarket charts are, especially on gaps of such magnitude
[06:09] {magoo} ok
[06:09] {Threei} EFII is worth watching, could be the case of "bad news is oout, everyone who wanted out has sold"
[06:17] {magoo} vad..lets watch OLMN as a potential short scalp somewhere today..keep eye on it
[06:20] {magoo} short loss of 70
[06:22] {Threei} pretty intense battle here... don't know, I'll stay away
[06:22] {Threei} maybe it forms something more manageable later
[06:22] {magoo} gotcha
[06:23] {Threei} remember how often we saw this kind consolidating, then just going and going and going?
[06:24] {dino} gm all
[06:24] {Threei} dino :)
[06:24] {esemde} dino
[06:26] {dino} :)
[06:27] {Threei} how about that for gravity
[06:27] {dino} hawk, gj, and thx, glad i can help. my style is deffinately different
[06:27] {Threei} told ya gravity was a hoax
[06:27] {magoo} yeah..we should have hit it long
[06:28] {Threei} sure, in hindsight
[06:28] {BillyD} it teleports
[06:28] {magoo} well actually..un had a good feel on it'
[06:28] {Threei} but how would you know at the time?
[06:28] {dino} ev to sell, mdp to sell
[06:28] {Threei} you did?
[06:28] {Threei} why did you ask about short then? :)
[06:28] {magoo} know..u did
[06:28] {Threei} me?
[06:28] {Threei} not really
[06:29] {magoo} i was thinkuing sh..u no like short
[06:29] {Threei} just feeling of danger, that's all
[06:29] {Threei} I hate doing obvious things
[06:29] {Threei} and short was way too obvious
[06:29] {Threei} obvious equals wrong in trading
[06:29] {dino} need coffee, brb
[06:32] {Threei} ILMN becomes "bruce trade" - close your eyes and buy
[06:32] {bruce} hmm
[06:33] {bruce} read my mind vad
[06:33] {bruce} looking at it
[06:33] {Threei} EFII, half lot long
[06:33] {Threei} .85
[06:33] {Threei} sheesh
[06:33] {Threei} no chasing
[06:33] {Threei} teleported
[06:34] {dino} ilmn s .96
[06:34] {Threei} GRMN
[06:34] {dino} darn partial 100
[06:35] {Threei} small shares long here
[06:35] {Threei} stop under75
[06:35] {magoo} in
[06:36] {Threei} look to exit half at least on spike over .50
[06:37] {Threei} EFII half lot llong
[06:37] {Threei} stop under .40
[06:37] {Threei} doesn't want to go, leave it alone for now
[06:38] {Roman} in AKNS
[06:38] {Roman} 10.25 area
[06:40] {Roman} long GOLD small
[06:40] {Roman} 41.50 area, very thin
[06:41] {Roman} bidding PAAS small
[06:41] {Roman} 36.52 area
[06:41] {Roman} out ANKS
[06:42] {Roman} AKNS
[06:42] {Threei} nice one
[06:42] {magoo} stopped grmn
[06:43] {magoo} wtf
[06:43] {BillyD} good stop magoo
[06:43] {magoo} went 74.70
[06:43] {magoo} NOT
[06:44] {Roman} in PAAS
[06:46] {Roman} CTDC bouncer
[06:46] {Roman} in small 7.33
[06:47] {Threei} MXGL half lot long 29.51 if stays above .40
[06:47] {Roman} in DSTI small
[06:47] {Roman} 5.33 area
[06:49] {Roman} out 1/2 GOLD +.56
[06:50] {Roman} IDIX continuing
[06:51] {Roman} in BONT
[06:53] {Threei} HOKU
[06:53] {Threei} .60 long
[06:53] {Threei} sheesh
[06:53] {Threei} is it me that slow this morning or they just jump with no regard for us
[06:54] {BillyD} still want it HOKU?
[06:54] {Threei} on strength return
[06:54] {Threei} not on price alone
[06:54] {BillyD} ok
[06:54] {Roman} KOOL radar today
[06:55] {Threei} .45 is stop/invalidating level
[06:58] {dino} ]brreak of 73 adding rest of ilmn
[06:58] {dino} s
[06:58] {esemde} L LOGI 33.61 half lot
[06:59] {dptl} are you in hoku?
[06:59] {Threei} yes, 3/4 lot
[07:00] {Threei} NOV WHOLESALE INVENTORIES: 0.6% V 0.4%E
[07:01] {Roman} out DSTI +.22
[07:01] {Threei} stopped
[07:02] {magoo} entry vad hoku?
[07:02] {dptl} stoped hoku
[07:02] {Threei} good morning magoo
[07:02] {Roman} SBUX
[07:02] {Roman} long
[07:02] {magoo} huh?
[07:02] {Roman} 19.50 small
[07:02] {Threei} lol
[07:03] {Threei} ETFC, what now?
[07:04] {bruce} paas - any read vad?
[07:04] {Threei} it's Roman's baby
[07:04] {Threei} he has much better grip on it
[07:04] {esemde} all right which one of you is selling LOGI at .60.....stop that......
[07:04] {magoo} whats entry on HOIKU?
[07:05] {Threei} mags, we already exited it
[07:05] {Threei} no entry
[07:05] {magoo} OH HE HE
[07:05] {Threei} that's why "good morning" :)
[07:05] {dino} l meli .70
[07:05] {Roman} PAAS looking good
[07:06] {Threei} good one SBUX, thanks Roman
[07:06] {esemde} SBUX ....nice Roman.....
[07:06] {esemde} i want LOGI to do the same
[07:07] {esemde} he huffed and he puffed and he blew the stock.......??????
[07:07] {Threei} CSIQ half lot long
[07:08] {Threei} stop under 23
[07:11] {Roman} out SBUX
[07:12] {Roman} watching DROOY
[07:12] {Roman} gold play
[07:12] {Roman} probably higher
[07:13] {dino} cut meli -.50
[07:14] {Roman} out remaining GOLD +.80
[07:14] {Roman} SWHC bouncer
[07:14] {esemde} yes LOGI out 34 +.39
[07:14] {Roman} daily
[07:14] {Threei} beautiful one ese
[07:15] {dino} gj es
[07:15] {esemde} that felt perfect.....nice set up sp/nas work right hmmm
[07:16] {dino} meli rinsed, .75 new trig imo
[07:16] {Threei} GOLD is still moving, time for DROOY to catch up
[07:16] {Roman} yeah, took DROOY
[07:16] {Threei} I am waiting for .25 to get hut
[07:16] {Threei} hit
[07:16] {dino} es getting deep
[07:19] {Threei} NASDAQ looks to stage another relief rally
[07:20] {Threei} watching NVDA to use as a follower
[07:20] {Threei} since QID is not shortable
[07:20] {Threei} looking for pullback entry as close to 28 as we can get
[07:21] {Threei} if no pullback anymore, .41 becomes breakout trigger
[07:22] {dino} gs green, hod
[07:23] {dino} akam
[07:23] {Roman} damn DSTI
[07:23] {Roman} nice run
[07:27] {esemde} ILMN...opinions
[07:27] {Threei} got .08 NVDA
[07:27] {esemde} thinkin long at 75
[07:27] {esemde} small
[07:28] {Threei} out .21
[07:28] {Threei} somehysterical move
[07:29] {Threei} 75 ese?
[07:29] {Threei} way too far from here
[07:29] {Threei} 74 break seems to be nearest trigger if you want long
[07:29] {esemde} sorry 74....tks
[07:32] {Threei} back in NVDA, half lot this time
[07:33] {dino} tough one es
[07:33] {Threei} counting on bigger move
[07:33] {dino} moves in .40 trades, go small
[07:35] {Threei} RMBS
[07:35] {Threei} .07 long
[07:35] {dino} fslr l 223.55
[07:35] {Threei} 17.99 stop
[07:35] {Threei} enough shakeouts NQ, let's go
[07:37] {dptl} in rmbs .07
[07:37] {bruce} teva short?
[07:37] {Threei} jeez
[07:38] {dptl} stoped
[07:38] {Threei} worth a try bruce
[07:39] {bruce} thanx vadster
[07:44] {Threei} ETFC goes back to 25?
[07:44] {dino} not
[07:45] {Threei} too bad... I thought maybe I could close my eyes and buy
[07:45] {Threei} too many shakeouts today
[07:47] {dino} worse than yesterday imo'
[07:48] {Threei} so far, yes
[07:48] {Threei} out NVDA
[07:49] {dino} fslr stopped sm
[07:49] {bruce} out 1/2 teva +.21
[07:52] {dino} gj
[07:53] {bruce} out balance flat
[07:53] {BillyD} chop chop
[07:53] {BillyD} good execution bruce
[07:54] {bruce} suey suey
[07:54] {BillyD} lol
[07:54] {bruce} thanx billyd
[07:54] {bruce} strating to look like I swhould have given more room
[07:54] {bruce} but hate giving up profits
[07:55] {BillyD} well, take what you can especially today so far
[07:55] {Threei} true
[07:55] {Threei} no patterns whatsoever, aimless jerking around
[07:56] {dino} agree, book them when you can
[07:56] {bruce} thats a nastty thing to say about magoo vad
[07:57] {dino} lol
[07:57] {dino} fslr you need a 5 dollar stop range
[07:57] {bruce} nvda short vadster?
[07:58] {Threei} can't tell
[07:58] {BillyD} crayon kid syndromre
[07:58] {Threei} it has no readable rythm today
[07:58] {bruce} k
[07:58] {magoo} grmn bounce time vad?
[07:59] {bruce} thanx
[07:59] {Threei} would like pullback on it first mags
[07:59] {Threei} top about 76.50
[07:59] {magoo} yeah..popped just now
[08:00] {Threei} look at NQ
[08:01] {Threei} IMF: DOES NOT FORECAST US RECESSION AT THIS POINT, THOUGH RISK IS RISING- Fed rate cuts have been supportive and timely
[08:01] {bruce} we should create a multi billion dollar hedge fund
[08:02] {bruce} and register it in the states folks
[08:02] {bruce} that way
[08:02] {bruce} when we make huge losses
[08:02] {bruce} the fed will be there to bail us out
[08:02] {bruce} can't lose
[08:02] {magoo} ROFLOL
[08:03] {Threei} GRMN 77 break long small shares if holding above .70
[08:04] {Threei} 1:1 was easy
[08:05] {bruce} nice pop - bid 77.01 but nver got in
[08:06] {magoo} i tried and no fill also
[08:06] {magoo} fast
[08:06] {dptl} i got 50 shares
[08:06] {dptl} got out +.39
[08:07] {bruce} whats your feel vad - retreating now - worth try again?
[08:07] {bruce} nice win dp
[08:07] {Threei} no feel bruce... it's kind of one time deal on each setup
[08:07] {Threei} no continuation
[08:08] {bruce} k - that was what I figured
[08:08] {Threei} dp, you know inflation is of concern for bank of canada right?
[08:08] {Threei} I mean, don't spend it all at once
[08:08] {Threei} you can cause inflation spike singlehandedly
[08:08] {dptl} ok
[08:08] {dptl} :)
[08:09] {Threei} what price did you get btw?
[08:09] {Threei} on entry
[08:09] {dptl} 77
[08:09] {bruce} .39 is peanuts dp - vadster promised us yesterday he no longer counts any wins less than .60
[08:09] {bruce} so waiting for those calls today
[08:10] {Threei} I count them but call them horrible trades, bruce
[08:10] {bruce} lol
[08:10] {bruce} ther - grmn just gave . if we'd been able to get in
[08:10] {bruce} and had nerve to hold
[08:11] {Threei} nerve alone is not enough for such trade - need also to sever all brain connections with other organs
[08:12] {bruce} yes
[08:12] {bruce} especailly kidneys
[08:13] {Threei} GRMN seems to follow NQ weith little delay
[08:13] {bruce} nvda losing support
[08:13] {Threei} .72 new setup GRMN
[08:14] {Threei} stop under .40
[08:18] {Threei} not this time
[08:18] {BillyD} yesh, educated guessing game on these kind
[08:18] {magoo} its trading with the QQQQ
[08:22] {esemde} i'm otta here.....see ya tamara
[08:22] {magoo} bye es
[08:23] {Threei} take care ese
[08:23] {esemde} see ta mags
[08:23] {esemde} vad
[08:25] {magoo} qqq powers up...grmn goes
[08:25] {Threei} true... it's just this up and down on NQ(QQQQ) has not much readability to it
[08:26] {magoo} agree with that
[08:26] {bruce} bye ese
[08:27] {Threei} chart wise this is a setup again
[08:27] {Threei} and this time it works
[08:27] {Threei} go figure
[08:28] {BillyD} then next you might try and it don'
[08:28] {Threei} so let's play odd ones and skip even
[08:28] {BillyD} then next time you don't try it does
[08:28] {BillyD} exactly
[08:29] {Threei} even setup, buy off 78
[08:29] {Threei} skipping
[08:31] {Threei} guess what - it worked... I give up, alignment of planets is the only way today . That, and tea leaves
[08:32] {Threei} odd one, buy off 78 again
[08:33] {bruce} chicken entrails vad - thats the answer
[08:33] {Threei} good idea
[08:33] {bruce} messy though
[08:34] {bruce} need to get mags doing it
[08:34] {magoo} did it
[08:34] {bruce} thought so mags
[08:35] {magoo} out here .30
[08:35] {Threei} you took it mags?
[08:35] {Threei} cool beans
[08:35] {magoo} 11:32] {Threei} odd one, buy off 78 again
[08:35] {Threei} yeah, but even one worked just before that
[08:35] {magoo} 11:35] {magoo} out here .30
[08:36] {Threei} and chicken entrails said, "long trip and fortune at the end of it"
[08:36] {Threei} going to double check with 8-ball
[08:38] {dino} out meli .25b +.50
[08:38] {bruce} nice dino
[08:38] {bruce} eslr short?
[08:38] {Threei} notice, no downdraft this time for GRMN as NQ went down
[08:39] {Threei} looks like long again on .50 break
[08:39] {dino} thx bruce, took awhile
[08:39] {Threei} no read on ESLR bruce
[08:39] {bruce} k vad
[08:40] {Threei} from the chart, it doesn't really work on breakdowns
[08:40] {Threei} shorting bounces is the way for it
[08:40] {dino} cov ilnm .43, ave +.35
[08:40] {dino} toughy
[08:40] {Threei} no kidding dino
[08:40] {dino} lol
[08:41] {dino} no it will die cause i covered
[08:41] {dino} wore me out
[08:41] {BillyD} lol
[08:41] {dino} tcbi drop
[08:42] {dino} too fast
[08:44] {bruce} syna possible long off .73?
[08:45] {Threei} stop would be .45... a bit too far for my taste
[08:45] {Threei} if you can regulate it with size, sure
[08:46] {dino} ugh ilmn
[08:46] {bruce} k
[08:46] {bruce} like the pattern - hate the stop
[08:47] {bruce} skiperony
[08:50] {Threei} lol
[08:51] {Threei} get a pen, tie it up to mule's tail, get mule drunk, put a peuice of peper under the pen and needle mule with something sharp - what you get will be the chart of NASDAQ today
[08:51] {bruce} ayi break vadster?
[08:52] {Threei} stop would be .75
[08:52] {Threei} see if you can get a pullback
[08:52] {Threei} closer to stop level
[08:52] {Threei} I am not sure it has 20 cents potential from here if breaks
[08:54] {bruce} k-
[08:54] {bruce} skipping again
[08:55] {bruce} they drink w mules in the old country vad?
[08:55] {dino} penn drop
[08:55] {bruce} now thats entertainment
[08:55] {Threei} who knows... I ahven't been there for 12 years
[08:55] {dino} gme ups and drops big
[08:56] {Threei} CPHD small shares long
[08:56] {Threei} right here
[08:56] {Threei} stop .94
[09:01] {dino} gme l .22, stop .98
[09:04] {dino} penn double bottom or crash
[09:06] {dino} double, missed
[09:09] {dino} penn l .55
[09:09] {bruce} nice entry dino
[09:09] {bruce} .25 stop?
[09:10] {dino} .19
[09:11] {dino} wide today
[09:11] {Threei} roeder, see dcc please
[09:13] {dino} on your own bruce
[09:14] {bruce} k dino
[09:14] {dino} hard at .80
[09:14] {dino} stop that is
[09:15] {dino} out slippage ave .76, +.21
[09:15] {dino} wow, shooo
[09:16] {dino} you ok?
[09:16] {dino} waiting at 51.70, small
[09:16] {Roman} Today After the Close
[09:16] {Roman}
[09:16] {Roman}
[09:16] {Roman} Today's In Play
[09:16] {Roman}
[09:16] {Roman}
[09:16] {Roman} 12:16 Bernanke says additional policy easing may well be necessary- Bloomberg
[09:16] {Roman}
[09:16] {Roman} 12:05 Crude Oil trades off of session lows of $93.25pbl, now off $1.53 to $94.14pbl
[09:16] {Roman}
[09:16] {Roman} 12:01 CAH Cardinal Health: Hearing upgraded intraday at tier 1 firm (60.06 +1.48) -Update-
[09:16] {Roman}
[09:16] {Roman} 12:01 LPTH LightPath announces its subsidiary, LightPath Optical Instrumentation, signed a multi-year sales agreement with a Chinese Industrial Tool Manufacturer (2.09
[09:17] {Threei} propping market up
[09:17] {BillyD} yes
[09:17] {Roman} sorry
[09:17] {dino} such wisdom out of bernie
[09:17] {bruce} got out flat dino
[09:17] {Threei} as always
[09:17] {BillyD} give the world a carrot berne
[09:18] {dino} gj bruce
[09:18] {dino} sorry about the fast drop, i use the hard stops for protection
[09:18] {bruce} thanx
[09:18] {bruce} flats OK w me
[09:18] {bruce} me too
[09:18] {dino} oh mann meli
[09:19] {Threei} stop to 28.05 CPHD
[09:20] {dino} penn small l .70, risky
[09:21] {dino} gme stop to .48
[09:22] {BillyD} these ARCA issues gotta go
[09:23] {dino} gme to .74
[09:23] {dino} ]\gme to .88
[09:23] {dino} out penn .30, +.60
[09:24] {bruce} agreed billy
[09:24] {dino} gme to .02
[09:24] {bruce} nice dino
[09:24] {bruce} too fast for me
[09:24] {dino} ty
[09:25] {dino} out gme major slippage .92, +.70
[09:25] {bruce} and my level 2 got messed up so didn't take it
[09:25] {dino} nyse sucks w/hard stops
[09:25] {dino} penn drops again
[09:26] {dino} brb
[09:26] {BillyD} not in CPHD, but geez, no move at all
[09:26] {Threei} stubborn seller at .20 keeps the lid on it
[09:27] {Threei} this NVDA pullback is buyable
[09:27] {magoo} how i clean up these bad quotes vad?
[09:28] {Threei} same way as you eliminated EDGX book
[09:28] {Threei} ARCAb to hide
[09:28] {dino} just turned a slow day into over day, so taking a break and a walk
[09:28] {bruce} heck of a spike in qs
[09:28] {magoo} u hidieing inet?
[09:28] {bruce} q"s
[09:28] {Threei} in NVDA
[09:29] {Threei} INET? I see ARCAb as a culprit
[09:29] {magoo} message board said inet?
[09:30] {Threei} I don't see bad quotes by INET
[09:30] {bruce} and arca vad - both mentioned
[09:30] {Threei} by ARCA I do
[09:30] {Threei} .19 stop NVDA
[09:33] {BillyD} no luv
[09:34] {Threei} NQ all the way back
[09:34] {magoo} back up?
[09:35] {Threei} went all the way back down
[09:35] {dptl} stopped nvda .-25..couldn't get out for some reason
[09:36] {BillyD} timing pullbacks tough lately
[09:37] {Threei} no kidding... if pullback from .70 to .30 is not it, what is
[09:38] {magoo} vad, u got a second?
[09:38] {BillyD} I took 1/2 at .42 near original b/o and the a little more at .27 and the stopped .22
[09:38] {BillyD} renetered at .10 and out .20 and .27
[09:39] {Threei} mags?
[09:39] {magoo} i tried to hide arcab with no suceess
[09:39] {bruce} he's busy checking chicken guts vad
[09:39] {magoo} u walk me thru it?
[09:40] {magoo} go to hidden mm
[09:40] {Threei} yes
[09:40] {BillyD} type arb
[09:40] {bruce} type in for arca and click add button mags
[09:40] {Threei} type APB
[09:40] {Threei} ARB
[09:40] {magoo} box above ADD type arcab
[09:40] {Threei} no
[09:40] {BillyD} YES
[09:40] {Threei} ARB
[09:40] {BillyD} SORRY
[09:41] {magoo} APB too?
[09:41] {Threei} no
[09:41] {Threei} that was mistype
[09:41] {Threei} ARB
[09:41] {Threei} Add
[09:41] {Threei} check Hide box
[09:41] {Threei} click OK
[09:42] {magoo} click apply first, then ok?
[09:42] {BillyD} you not see the ECN Book ID's box with the codes for each ECN to typew
[09:42] {Threei} doesn't matter
[09:42] {Threei} billy... you mistakenly assume he can read
[09:42] {magoo} THANX, now what sym to ditch BATSB
[09:43] {BillyD} lol
[09:43] {Threei} see? :)
[09:43] {magoo} wheres ECN ID box?
[09:43] {Threei} ECN book IDs in the right column would tell you: BPB = BATS Book
[09:43] {Threei} prividing you paid attention :)
[09:44] {magoo} sorry but right column where?
[09:45] {Threei} under Hidden MM tab
[09:45] {Threei} ISB = INET Book
[09:45] {Threei} ARB = ARCA Book
[09:45] {Threei} BPB = BATS Book
[09:45] {Threei} GAB = EDGA Book
[09:45] {Threei} GXB = EDGX Book
[09:45] {Threei} NYB = NYSE Open Book
[09:45] {magoo} CRAP
[09:46] {Threei} no such symbol
[09:46] {magoo} slaop the shit out of me
[09:46] {magoo} SORRY GUYS
[09:46] * BillyD slaps magoo around a bit with a large trout
[09:46] * BillyD slaps magoo around a bit with a large trout
[09:46] {BillyD} :)
[09:46] * bruce slaps magoo around a bit with a large trout
[09:46] * bruce slaps magoo around a bit with a large trout
[09:46] * bruce slaps magoo around a bit with a large trout
[09:47] {bruce} not to be outdone by billy
[09:47] {bruce} can slap with the best of em
[09:47] {BillyD} hehe
[09:47] {bruce} majopr tricky day
[09:48] {bruce} I'm putting in my order for two of those + .60 trades right now vad
[09:48] {bruce} taking break now though so don't post till I get back
[09:48] {patience} strong up day for me bruce, in gold scalps and currency options
[09:49] {bruce} cool patience
[09:49] {bruce} I'm green too
[09:49] {bruce} not much - but good to be green
[09:49] {patience} no kidding
[09:49] {magoo} wait bruce wAITT
[09:49] * magoo slaps bruce around a bit with a large trout
[09:49] {bruce} its easy for me
[09:50] {bruce} I just hold breath till I turn green
[09:50] {bruce} ah- the slap that refreshes
[09:51] {bruce} I din't know anyone here traded options
[09:51] {bruce} would be great if you could share some of your trading techniques on a quiet day patience
[09:51] {magoo} grmn may be good here
[09:51] {patience} i do options, but i adopted scalping approach to them, don't hold for more than day or two if that
[09:51] {bruce} k
[09:52] {patience} i look for momo, which is what i do best, then use vad's scalping approach
[09:52] {bruce} do you use options for some of the major stocks?
[09:52] {patience} only major stocks
[09:53] {bruce} k
[09:53] {bruce} I see stocks like goog make bigt moves daily
[09:53] {bruce} but huge expense to play
[09:54] {bruce} options might be good alernate strategy
[09:54] {patience} i don't buy the techs much except for very small timeframe scalping
[09:54] {bruce} k
[09:54] {bruce} and you use a sepaate trading account for thaqt?
[09:55] {patience} i have a number of accounts - different purposes, different markets
[09:55] {bruce} k
[09:56] {bruce} you're way ahead of me
[09:56] {bruce} still trying to learn to play stocks
[09:56] {bruce} back in bit
[09:56] {Threei} IDIX beyond belief
[10:00] {magoo} u think mkt goes up hard on big BEN speach vad?
[10:01] {magoo} or too obvious
[10:01] {Threei} it did,
[10:01] {Threei} and dropped all the way back
[10:01] {magoo} well, hes coming live now correct?
[10:01] {Threei} and returned to its meaningless up and down again
[10:05] {magoo} but now hes LIVE
[10:05] {magoo} as if he was dead before lol
[10:06] {Threei} lol
[10:10] {hawkfan4} SEED perking up vad
[10:10] {Threei} this one is momo in the making
[10:11] {Threei} sooner or later
[10:17] {dino} .
[10:20] {Threei} practically each statement by all these guys is coming from both sides of their mouth
[10:21] {Threei} why do they even bother to speak
[10:22] {dino} my point too vad, why bother, they just contribute to chaos.
[10:22] {Threei} and deepen state of confusion that was not too shallow to begin with
[10:23] {dino} cnbc on, vol. off, internet radio playing, thats the set-up
[10:31] {Threei} SOLF
[10:31] {Threei} getting its head up again
[10:32] {Threei} a bit stronger than market
[10:33] {Threei} no defin ite setup yet but keeping an eye in case it shapes up
[10:36] {Threei} NQ, now what?
[10:37] {dino} death
[10:37] {Threei} FED'S BERNANKE: TREASURY BACKED PLAN A VERY GOOD FIRST STEP - Q&A- Says cannot address mortgage one by one, must 'get up to scale'
[10:38] {Threei} someone needs to take a crayon from the kid, whoop his butt and send him to school
[10:38] {BillyD} where is he?
[10:38] {BillyD} I volunteer
[10:38] {Threei} I wish we knew
[10:41] {dino} hcls
[10:41] {dino} thin
[10:41] {dino} wsci
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[10:55] {Threei} if with all this help we close red today, new wave of selling is coming tomorrow
[10:55] {dino} perhaps, 3i, perhaps.......
[10:56] {dino} although, shorts take them down today and early tomorrow, they will cover into close, imo. afraiad early cut
[10:56] {dino} but then again...anything can happen
[11:05] {Threei} look at NQ chart and tell me mule comparison was off base...
[11:06] {Threei} honwestly, I've rarely seen it that chaotic
[11:11] {dino} omri
[11:12] {dino} fda approval
[11:12] {dino} gme l .65
[11:12] {Threei} - The approval of the general hemostasis in surgery indication is based on the submission of clinical data related to three pivotal studies conducted in three different surgical procedures with
[11:14] {dino} nnds crash
[11:16] {Threei} YHOO
[11:16] {Threei} 24 long
[11:16] {magoo} yhoo slow?
[11:17] {Threei} depends
[11:17] {Threei} if loses 23.90 not interested
[11:19] {magoo} big mkt spike
[11:19] {Threei} #7
[11:21] {Threei} 6 previous ones were followed by just as big drops
[11:22] {magoo} what? u never heard of lucky sevens?
[11:23] {Threei} ETFC frenaied buying
[11:25] {Threei} what does it even mean?
[11:27] {dino} imagination
[11:34] {BillyD} drroy at hod, but overall hard to be entuisiasctic across the board
[11:34] {BillyD} DROOY
[11:36] {Threei} ETFC feels like dynamics change
[11:36] {Threei} not a hopeless selling anymore
[11:37] {magoo} is that correct symbol?
[11:37] {Threei} yes why?
[11:37] {dptl} out yhoo +.14 ty
[11:38] {magoo} not much movre to call hopeless
[11:38] {Threei} welcome
[11:46] {dptl} is .20 another entry yhoo?
[11:47] {Threei} in today's market, no confidence
[11:47] {dptl} ok
[11:47] {Threei} continuation and follow through were in high demand today
[11:47] {Threei} and very slim supply
[11:48] {Threei} but overall... there is some underlying feeling that mood is changing
[11:50] {bruce} aybe it's those little blue pills vad?
[11:50] {Threei} most likely
[11:51] {bruce} happy pills
[11:51] {bruce} it's OK to post your next .60 winning trade anytime now vad
[11:53] {bruce} cphd had nice run
[11:56] {Threei} OK, YHOO
[11:56] {Threei} looks worth a try now
[11:56] {dptl} in.21
[11:57] {dptl} stop?
[11:57] {Threei} I'd keep .14
[11:57] {dptl} ok
[11:57] {Threei} let it be tight
[11:57] {Threei} kind of "work right away or I don't want you" trade
[11:59] {bruce} in that case .30 exit target or so?
[12:00] {Threei} it did hit .30 quickly... looked good for a few more
[12:00] {bruce} agreed
[12:00] {bruce} damn pos
[12:00] {dptl} stopped
[12:01] {bruce} same dp
[12:01] {bruce} nice small stop though
[12:01] {dptl} yep
[12:02] {dino} back in 10
[12:02] {bruce} worth trying a bounce in yhoo - .05 or so vad?
[12:02] {bruce} wb dino
[12:02] {Threei} yes if NQ shows reversal to the upside
[12:06] {Threei} GRMN .85 break small shares
[12:07] {Threei} if stays above .50
[12:09] {magoo} in
[12:09] {Threei} mood IS changing
[12:10] {bruce} you take the red pills for mood change vad
[12:10] {bruce} out grmn +.15
[12:10] {bruce} no guts
[12:11] {Threei} had a chance on YHOO entry?
[12:11] {Threei} I didn't watch it at the moemnt, don't know if it was more or less readable
[12:11] {bruce} bid 07 but didn't get
[12:12] {magoo} oiut .03 TY
[12:16] {bruce} ilmn double bottom dino
[12:18] {BillyD} DROOY holds well
[12:18] {dino} or breakdown?
[12:19] {dino} its wicked
[12:19] {bruce} was just thinking same
[12:19] {Threei} if loses 70, should crash and burn
[12:19] {bruce} breakdown looks more likely dino
[12:26] {BillyD} watching ILMN....those .40 spikes too much
[12:27] {Threei} {ILMN} my middle name is Spikey
[12:27] {BillyD} lol
[12:27] {bruce} thinking short ilmn at .50 w .30 stop
[12:27] {BillyD} ?
[12:28] {magoo} it wouldn't lose 70 pre mkt
[12:28] {Threei} ETFC
[12:29] {bruce} thanks mags
[12:29] {dino} out gme .89, +.24
[12:29] {BillyD} bruce you meant a }30 stop right
[12:29] {BillyD} .30
[12:30] {bruce} I meant entry short at 70.5 w stop at 70.8
[12:31] {BillyD} took me a while but I got it :)
[12:33] {bruce} mags is right though - w premarket support at 70 trade not worth taking
[12:33] {magoo} grmn read vad?ILMN long vad?
[12:33] {Threei} nope
[12:35] {Threei} ETFC maybe
[12:35] {magoo} whats potential?
[12:35] {magoo} BIG lot}?
[12:36] {Threei} if for scalp, yes... but I start thinking it may be worth taking usual lot on poullback and holding into torrow
[12:37] {dino} torrow?
[12:37] {Threei} sigh
[12:37] {Threei} +mo
[12:37] {dino} lol
[12:38] {bruce} too many happy pills dino
[12:38] {dino} switch to tequilla
[12:38] {bruce} he needs em w mags heckling
[12:38] * bruce slaps magoo around a bit with a large trout
[12:39] {Threei} and SEED, if market rallies... this thing is 11-12 bound
[12:39] {Threei} but I am venturing ionto Roman's territory
[12:39] {Threei} and is likely to get slapped by him
[12:42] {Threei} noticed the senetnce 'I is likely"? and Raven thought I could not possibly hit new lows grammar wise
[12:43] {Raven} pathetic
[12:43] {BillyD} R...are you lurking
[12:43] {Threei} and beyond
[12:43] {Raven} define your terms, BD
[12:44] {dino} raven w/attitude, oo, ohh
[12:44] * Raven slaps dino around a bit with a large trout
[12:44] {BillyD} never see you much anymore and I think Vad is talking to himself and there you are :)
[12:44] {Raven} lol
[12:44] {dino} lol
[12:44] {Raven} always watching, waiting
[12:44] {BillyD} rofl
[12:44] {Chaeron} I thought Ravens weren't predatory species... :)
[12:45] {Raven} opportunists, Ch
[12:45] * Chaeron renames Raven to Peregrine
[12:45] {Threei} you are not very good at botany, chaeron
[12:45] {Raven} lol ... too damn slow for that
[12:45] {Chaeron} 3i, lol
[12:45] {Raven} sigh
[12:46] {magoo} ravens ear road kills correct?
[12:46] {bruce} lol - botany isplants vad
[12:46] {magoo} ear=eat
[12:46] {dino} rbcn
[12:46] {Raven} fresh ones, magoo
[12:46] * Chaeron slaps magoo around a bit with a large trout
[12:47] {Threei} bruce... do I have to add "tongue deeply in cheek"? :)
[12:47] {dino} easy!
[12:47] {bruce} raven could be a dandelion
[12:48] {bruce} a dandy lion
[12:48] * Threei removes himself from trout trajectory
[12:48] {Raven} hmmm
[12:48] {Raven} dandy lion ?
[12:48] {Raven} perhaps
[12:48] {bruce} keeping us safe from vads language abuse
[12:48] {dino} good looking one i guess
[12:48] {Threei} it's just a weak try to avoid the imminent trouting by him R
[12:49] {bruce} lol
[12:49] * bruce slaps Raven around a bit with a large trout
[12:49] * bruce slaps Threei around a bit with a large trout
[12:49] {bruce} beat you both to punch
[12:49] {Threei} ah... offence is the best defence eh?
[12:49] * Raven slaps bruce with some aged road kill
[12:49] {magoo} really?
[12:49] * magoo slaps Threei around a bit with a large trout
[12:50] {bruce} bruce feeds road kill to his dogs
[12:50] {bruce} thanx raven
[12:50] {Raven} dogs barf it up
[12:50] {BillyD} lol
[12:50] {Raven} in bruce's chair
[12:50] {bruce} there goes ilmn billy
[12:51] {Threei} I am a peaceful citizen
[12:51] {BillyD} room was peaceful few minutes ago....hmmmm
[12:51] {BillyD} not yet bruce
[12:51] {Raven} will be peaceful in 9 minutes too
[12:51] {bruce} at .50 would have worked
[12:51] {Threei} I am a peaceful citizen... but my armored train is on a spare track
[12:51] {bruce} but my stop a bgit too narrow
[12:52] {BillyD} it's a tough one as vad says about Spikey
[12:52] {bruce} yes
[12:52] {magoo} ILMN @ 70
[12:53] {bruce} take off half here
[12:53] {BillyD} ETFC sells more than like here
[12:53] {bruce} and look for bigger drop in ilmn
[12:53] {bruce} that out of din's playbook
[12:53] {bruce} trying to learn how to do thoes
[12:54] {magoo} unbelievavble support at 70
[12:54] {bruce} \agreed mags - trde not worth tying on acount of that
[12:56] {dino} bruce, just add a buck to where you think it should go/hold, then wait. lots don't fill
[12:56] {bruce} k dino
[12:56] {Threei} amazing
[12:57] {Threei} finishes at 70 yet still holds
[12:57] {Threei} I'd say, toughest day since July
[12:57] {BillyD} wow
[12:58] {dino} hlcs stopped major slipped -.40, should've been -.24
[12:58] {Threei} didn't hjave that much troubles reading the move entire fall
[12:59] {Threei} and even august being what is was easier than today
[12:59] {dino} off my screen hlcs
[12:59] {BillyD} overall mkt move along with individual moves?
[12:59] {Threei} just in time dino
[12:59] {Threei} now you have 1 min to replace it with something else
[12:59] {Threei} everything billy
[12:59] {BillyD} ok
[12:59] {Threei} market, individual stopcks
[13:00] {Threei} nothing made any sense, nothing obeyed any pattern
[13:00] {dino} nnds overnight, sm
[13:00] {Threei} just one of those days
[13:00] {dino} thx all, 4 in a row, appreciate some great ideas
[13:00] {Threei} thank you all
[13:00] {Threei} have a good evening, see you tomorrow
[13:00] {BillyD} bye all
[13:00] {dptl} have a good evening all
[13:01] {bruce} night all
[13:01] {magoo} night all
[13:01] {bruce} time for me to get to work
[13:01] {dino} gotta hop, coahing son's basketball team