Monday, January 28, 2008

January 28, 2008

Session Start: Mon Jan 28 00:00:00 2008

Session Time: Mon Jan 28 00:00:00 2008

[05:49] {cosmo} MILE offers $292M in shares
[05:51] {Threei} Good morning
[05:53] {dptl} good morning all
[05:54] {Threei} dp :)
[06:03] {Threei} SPWR
[06:03] {Threei} - The store is the first of seven Wal-Mart facilities in California to receive high-efficiency solar power systems, totaling 4.6MW, and is part of a major purchase of solar power from SPWR and other solar power providers for approximately 22 Wal-Mart stores, Sam's Clubs.
[06:03] {Threei} - The stores included in the pilot project are expected to achieve
[06:04] {Threei} savings over their current utility rates as soon as the first day of operation.
[06:05] {cosmo} now, they need to sell some...
[06:06] {cosmo} cheap
[06:07] {esemde} morning rt's
[06:07] {Threei} ese :)
[06:09] {_windbreaker} GM
[06:09] {Threei} hi windbreaker
[06:11] {_windbreaker} do you guys trade futs here?
[06:11] {Threei} not as a primary vehicle
[06:11] {_windbreaker} okey
[06:12] {dino} gm all
[06:13] {Threei} dino :)
[06:13] {Threei} this whole thing with french rogue trader looks stranger by day
[06:14] {esemde} can anyone make s heads nor tails of it .....
[06:14] {Threei} it gets spinned as if he almost caused whole selloff around the world
[06:15] {Threei} or at least contributed to it to a degreee that made it such bigg selloff
[06:15] {esemde} I noticed that comment in CBS marketwatch yesterday...
[06:15] {dino} rumor has it the rogue trader had a subscription to realitytrader
[06:16] {magoo} morning rt
[06:16] {Threei} I am torn between "no comment" and denial sprinkled with feigned outrage
[06:16] {Threei} mags :)
[06:17] {esemde} now THAT!!!!!! was funny......
[06:17] {esemde} you need to up his subscription rate Vad
[06:17] {_pith} is hacking part pf the curriculum?
[06:17] {esemde} I hope so.........
[06:17] {cosmo} its upper division, i think
[06:18] {Threei} why ese, I am fine as long as he dccs me his trades...
[06:19] {dino} loles
[06:20] {Threei} I don't have much to say at this point guys, let's see how opening unwinds
[06:20] {Threei} in general, I feel bear contnues this week
[06:20] {Threei} we have fed approachinbg
[06:20] {Threei} (again)
[06:21] {Threei} and this hysterical emergency cut set all kinds of expectations for the meeting,
[06:21] {Threei} maybe 50 pts, maybe 75 again
[06:21] {Threei} whatever they do, market will be disappointed, IMO
[06:22] {cosmo} i expect a one point cut tonite.... during the speach
[06:22] {Threei} cosmo ups ante
[06:23] {Threei} me, I am patiently waiting for the day rates go negative and bank starts paying me for taking out the loan
[06:24] {Threei} so far, general idea seems to be, short the rallies
[06:25] {Threei} breakdowns don't generally work as nicely in bear market as breakouts do in a bull one
[06:25] {Threei} aggressive shorts off rallies is better way to go
[06:25] {Threei} not without its own challenges of course
[06:26] {Threei} laser users, you have indices quotes?
[06:27] {Threei} don't answer all at once
[06:28] {dptl} not here
[06:29] {Threei} OK, ty
[06:30] {Threei} DJI - 170, is it correct?
[06:31] {magoo} no
[06:31] {Threei} seems excessive vs SP and COMP
[06:31] {magoo} up 35
[06:31] {dptl} no
[06:31] {Threei} OK, thought so, ty
[06:31] {magoo} but mine wrong, dino said
[06:31] {esemde} no mine says + 34
[06:32] {Threei} watching AAPL for short on bounce
[06:32] {Threei} 127 support to break
[06:33] {magoo} u watching qid at all?
[06:33] {Threei} broke with no bounce... no entry, waiting
[06:33] {Threei} not at the open mags
[06:33] {magoo} k
[06:34] {Threei} AAPL, small shares short on spike over .50
[06:34] {Threei} stop above 128
[06:34] {Threei} offering .75
[06:35] {Threei} too optimistic probably
[06:35] {lumdus} gm all.
[06:35] {Threei} lum :)
[06:35] {magoo} in .47
[06:35] {Threei} stop above .80 mags
[06:35] {Threei} and you got over 1:1
[06:36] {Threei} over 1:2 even
[06:36] {Threei} I mean 1:3
[06:36] {magoo} ouy here .72
[06:36] {Threei} whatever... cover half at least
[06:36] {magoo} OUT
[06:36] {Threei} in full?
[06:36] {esemde} watchin JRCC...
[06:36] {magoo} yes
[06:36] {Threei} OK, wtg
[06:36] {magoo} half lot
[06:36] {Threei} me was too greedy
[06:36] {Threei} on entry that is
[06:37] {magoo} i was watching your entry, but saw qqq tanking so went for it
[06:38] {Threei} KLAC
[06:38] {Threei} want bounce to short
[06:38] {magoo} klac hasn't been cooperating vad
[06:38] {Threei} no but we tried breakdown
[06:39] {Threei} I am staying away from those today
[06:39] {magoo} u the boss..just remember last 2 tries we did no go
[06:39] {dino} wag s .98
[06:39] {lumdus} athr
[06:39] {dino} stop is .33
[06:41] {Threei} KLAC short .09, stop .21, half lot
[06:42] {Threei} if breaks .20 before troggering, looking for entry above .30 with stop .51
[06:42] {dino} cov wag .66, +.32
[06:43] {magoo} mkt bounce imo
[06:43] {bruce} nice start dino -
[06:43] {dino} no
[06:43] {dino} ty bruce, no magoo
[06:43] {dino} glw l, somewhwhere bruce
[06:43] {magoo} its starting right here
[06:43] {magoo} just a bounce call
[06:44] {dino} wow, spelled that wrong
[06:44] {Threei} NASDAQ strength still
[06:44] {Threei} .39 short KLAC if stays below .50
[06:44] {Threei} if breaks resistance leaving it alone
[06:45] {dino} de all over again
[06:46] {Threei} invalidated KLAC, off screen
[06:46] {magoo} {hellava bounce call mr magoo}
[06:47] {cosmo} ACOR
[06:47] {cosmo} wants 26
[06:48] {dino} hey norbit (magoo) get back to work
[06:49] {esemde} JRCC bstop 1/2 11.61
[06:49] {Threei} watching QID for bounce scalp
[06:50] {bruce} matr short vad?
[06:50] {Threei} no read bruce, not my cup of tea
[06:50] {bruce} k
[06:51] {esemde} long JRCC .60 stop .30
[06:51] {dino} missed glw
[06:51] {Threei} QID, .06 long
[06:51] {Threei} stop under .90
[06:51] {bruce} was tough to see entry in it dino
[06:52] {dino} was at .65, got to .68, ugh
[06:52] {Threei} if loses .85, looking for entry closer to 50.50
[06:53] {magoo} in
[06:55] {Threei} half out
[06:55] {Threei} scalpers know what to do
[06:55] {Threei} for holders, stop to .99
[06:56] {esemde} stopped...look away fro one second BAST............30 - .30
[06:56] {dptl} out+.17 ty
[06:56] {Threei} welcome dp
[06:57] {magoo} out here .31 TY
[06:57] {Threei} :)
[06:57] {esemde} oh sure now go up ........
[06:58] {Threei} my stop to .05 for the balance, still trying to get another spike
[06:58] {Threei} me lazy and greedy
[06:59] {magoo} so am i..but i so lazy..don't wanna watch it any longer
[07:00] {Threei} *DEC NEW HOME SALES: 604K V 647KE
[07:01] {dino} wag s .00
[07:02] {Threei} market true to form still
[07:02] {Threei} shakeouts all around
[07:02] {magoo} nice strategy adjustment today vad
[07:02] {Threei} abandoning attempts to get more out of it, back to scalping
[07:02] {magoo} as in..shorting the spikes
[07:03] {Threei} we just hadn't had true bear market in a long while, I had to remember how to trade it
[07:04] {dino} play it like a friday mkt, scalp 'em all
[07:04] {magoo} ever adapting
[07:04] {magoo} we are like the borg
[07:04] {Threei} we sure are... who is borg?
[07:04] {magoo} star trek
[07:05] {dino} resistance is futile
[07:05] {cosmo} get ready for the implants...
[07:05] {magoo} they constantly adapt to weapons so after 1 strike..weapons no longer effectrive
[07:05] {Threei} QID .42 long, .24 stop
[07:06] {magoo} qid question..does it ever run amok from naz?
[07:06] {Threei} from?
[07:06] {Threei} or with?
[07:06] {magoo} as in disconnect its correlation
[07:06] {Threei} no
[07:06] {Threei} it can't
[07:07] {magoo} thats my can't
[07:07] {magoo} cool
[07:07] {Threei} well, unless some rogue trader somewhere plays another scapegoat :)
[07:07] {dino} i see ldk back to 38
[07:07] {Threei} half out QID, scalpers know what to do
[07:13] {Threei} stop to .35
[07:13] {Threei} offering above .90
[07:14] {lumdus} IN MLNM 15.17 STOP 15.12
[07:14] {lumdus} sorry caps
[07:14] {dino} cov wag .88, +.12, stuck
[07:15] {Threei} better than poke in the eye
[07:15] {lumdus} 1:1 in mlnm
[07:15] {Threei} nice spike lum
[07:15] {lumdus} 1/2 out .35
[07:16] {lumdus} i think we have much more to go for today in mlnm . very nice
[07:18] {esemde} nice one LUM
[07:19] {dino} gj lum
[07:19] {Threei} CSIQ .35 short stop above .50
[07:19] {Threei} ugh, not in short list
[07:19] {Threei} never mind
[07:20] {Threei} and invalidated anyway
[07:20] {Threei} just how many things could go wrong with single stock
[07:21] {dino} syna l .43
[07:23] {lumdus} in dna 68.75
[07:25] {lumdus} stop on dna 68.59
[07:29] {lumdus} dan, time to blastoff
[07:29] {lumdus} dan = dna
[07:31] {Threei} RIMM long .06 small if holding above .80
[07:31] {lumdus} in rimm .08
[07:32] {Threei} 1:1 in a hurry
[07:32] {lumdus} stop ?
[07:32] {lumdus} out .28 +.20
[07:32] {lumdus} tx vad nice one .. keep the good work running ..
[07:32] {Threei} look at setup structure lum
[07:32] {Threei} "if holding above .80"
[07:32] {Threei} that gives you stop placement
[07:33] {lumdus} i though .92 would be the stop once i am in ..
[07:33] {Threei} by chart yes, but this is RIMM
[07:33] {Threei} gotta account for its natural volatility and pad a stop
[07:33] {Threei} to minimize chance of shakeout
[07:33] {lumdus} ok thanks
[07:34] {Threei} long again RIMM.56
[07:34] {Threei} stop under .40
[07:35] {Threei} 1: 1 reached
[07:35] {Threei} out .80
[07:35] {lumdus} out .87
[07:35] {Threei} good reflexes
[07:35] {lumdus} tx again
[07:35] {Threei} welcome
[07:36] {lumdus} it got it .57 .. so had to get some more
[07:36] {lumdus} dna stop to 68.6 5if it don't go now , it wont go
[07:38] {Threei} QID short .85
[07:38] {Threei} stop above 51
[07:38] {Threei} inval;dated
[07:39] {lumdus} Vad, ALL nice setup ?
[07:39] {lumdus} if it breaks of course
[07:40] {Threei} 51.08 if stays above .95
[07:43] {magoo} aapl short vad?
[07:43] {Threei} lol
[07:43] {Threei} no?
[07:44] {lumdus} too funny
[07:44] {Threei} not sure mags
[07:45] {lumdus} short all 51.03 stop 51.08
[07:46] {lumdus} oh, crap
[07:46] {Threei} not sure I understood that entry lum
[07:46] {Threei} no breakout, no breakdown
[07:46] {Threei} why take a guess
[07:46] {dino} sm l de .50, wide
[07:46] {lumdus} vad, had alot of resistence
[07:47] {Threei} yes but hadn't broken support either
[07:47] {lumdus} isn't that a valid trade when there is so much resistance to short it.
[07:47] {lumdus} hmm, ok that is my mistake i guess
[07:47] {Threei} resistance by itelf is not indicative
[07:47] {Threei} break of it is
[07:47] {lumdus} a break of .95 would have been the right trade
[07:47] {Threei} just as support by itself means not more than a level to watch
[07:47] {Threei} it's what stock does with resistance or support that gives you a trading setup
[07:48] {lumdus} so .95 break would have been valid short ?
[07:48] {Threei} yes
[07:48] {Threei} just as .08 was valid long
[07:48] {dino} hod's
[07:49] {lumdus} ok tx vad
[07:50] {bruce} ceph long setup?
[07:51] {Threei} chart is right...
[07:51] {Threei} I would perfer market to pull back a bit
[07:52] {Threei} don't want to enter long after this move up
[07:52] {bruce} k
[07:52] {Threei} better see how it's holding while market pulls back to evaluate the relative strength
[07:53] {Threei} now if market breaks out, get CEPH aggressively
[07:53] {Threei} with nice tight stop under .15
[07:54] {Threei} no strength still
[07:54] {magoo} qid long here vad?
[07:55] {Threei} got invalidated without causing unnecessary stop, CEPH
[07:55] {bruce} yep
[07:56] {Threei} watching mags, no confidence yet
[07:56] {bruce} may find support at 67.10
[07:56] {magoo} k
[07:58] {Threei} looks like .51 long if stays above .30
[07:59] {Threei} keep .29 stop mags
[07:59] {bruce} \with futures out what are you using to call qid vad?
[07:59] {Threei} this entry if works seems to be capable of more than 1:1
[08:00] {dino} out de .00, +.50
[08:00] {Threei} just chart bruce
[08:00] {bruce} k
[08:00] {bruce} thanx vad
[08:01] {bruce} iyf dino
[08:03] {dino} ishares, not sure bruce
[08:03] {magoo} stopped
[08:04] {dino} glw l .15, stop .89
[08:05] {lumdus} bpop breaking 12.00
[08:05] {dino} de, i should've held on
[08:06] {lumdus} a beautiful 5 day chart for bpop.
[08:06] {lumdus} wonder if dna will ever move for me.
[08:08] {dino} never lum, never
[08:08] {lumdus} i agree
[08:08] {dino} sort of like my syna trade, 3 cents give or take
[08:09] {dino} fcsx
[08:10] {Roman} GOLD bouncer
[08:10] {Roman} in
[08:11] {lumdus} out 1/2 bpop .18 + .18 rest stop 11.99
[08:12] {bruce} wag looks weak dino
[08:12] {Threei} what are you looking for on bounce Roman?
[08:12] {Threei} just a scalp or more?
[08:12] {Roman} .50 cents
[08:12] {dino} looks it bruce, but doesn't really move
[08:13] {bruce} k
[08:13] {magoo} still reading qid vad?
[08:13] {Threei} backed off for now mags
[08:14] {Threei} a bit unclear
[08:15] {lumdus} look at all go - dumb mistake. slap please ?
[08:15] * magoo slaps lumdus around a bit with a large trout
[08:15] {lumdus} tx. so far a .70 mistake. hope someone else took it from the group.
[08:16] {Threei} lum, let me offer you general philosophical approach to this kind of setups
[08:16] {Threei} instead of trying to think of it in terms of chart, support, resistanc etc,
[08:16] {dino} flip a coin
[08:16] {Threei} think of it this way:
[08:16] {lumdus} listening
[08:16] {Threei} don't guess what stock is going to do,
[08:16] {Threei} don't tell it what to do,
[08:16] {Threei} allow it to tell you what to do
[08:16] {Threei} and listen to it.
[08:17] {Threei} in this case, it was willing to tell you what to do by breaking this way or that
[08:17] {Threei} sometimes it will lie to you
[08:17] {Threei} by telling you what to do, then reversing
[08:18] {Threei} but on grand scheme of things, it will be truthful more often than not
[08:18] {dino} cut glw -.05, not moving
[08:18] {lumdus} ok get it
[08:19] {dino} probabilities.....indeed
[08:20] {bruce} good idea dino - eneded up getting hit for full stop
[08:21] {dino} sorry bro
[08:21] {bruce} it happens - was thinking of early exit too - oh well
[08:22] {Roman} GLD is making highs
[08:22] {Roman} watching DROOY
[08:22] {dino} i like it around 22.65-.70
[08:23] {lumdus} roman, gold ?
[08:23] {bruce} pps long vad?
[08:24] {Roman} lumdus, i am still in gold
[08:24] {Roman} small with a stop 46.70
[08:25] {Roman} it for some reason disconnected from other gold plays
[08:25] {lumdus} ok roman. i am not in it, just watching your plays
[08:26] {Roman} DRYS
[08:26] {Threei} that's one worrd chart bruce
[08:26] {Threei} wierd
[08:26] {Threei} no idea
[08:27] {bruce} k vad
[08:38] {Roman} long DRYS super small
[08:38] {Roman} 59.32 area small
[08:39] {Roman} waiting for 59.6 break
[08:40] {bruce} in drys .25
[08:42] {Threei} QID long .21
[08:42] {Threei} stop under 50
[08:42] {dino} hurn spike\
[08:42] {magoo} in
[08:44] {Roman} stopped GOLD
[08:44] {Roman} -.50
[08:45] {bruce} stopped drys - .40
[08:46] * Threei slaps LaserDave1 around a bit with a large trout
[08:46] * magoo slaps LaserDave1 around a bit with a large trout
[08:46] {Threei} man, we are slow today mags
[08:46] {magoo} monday vad
[08:47] {LaserDave1} hey everyone
[08:47] {Chaeron} hi Dave
[08:47] {LaserDave1} nice to see you guys as wel
[08:47] {Threei} yes but 16 min between his entry and our greeting?
[08:47] {LaserDave1} howdy
[08:47] {Roman} out DRYS
[08:47] {Roman} -.30
[08:47] {LaserDave1} hope weekend was good for everyone
[08:48] {Threei} 1:1 QID
[08:48] {magoo} that all u looking for?
[08:49] {Threei} we are in lunch time... just no idea, anything can happen
[08:49] {Threei} even earlier attempts to hold half didn't work
[08:49] {Threei} why would they now
[08:53] {Threei} you took it mags or trying to hold?
[08:54] {magoo} holding
[08:54] {Threei} good luck, rooting for you
[08:55] {bruce} nvda short vad?
[08:55] {Threei} seems so
[08:56] {Threei} will depend on market of course
[08:56] {Threei} but trade is valid
[08:56] {magoo} out .50 TY
[08:56] {Threei} welcome sir
[08:56] {Threei} this is something like 5 for 6 today, or 4 for 5... me satisfied
[08:57] {dino} gj
[08:57] {Threei} ty
[08:59] {dino} artc spike
[08:59] {dino} hmsy drop
[09:00] {dino} darn, can't borrow atrc
[09:06] {dino} chtt sm, s .00
[09:08] {Threei} you took NVDA bruce?
[09:09] {bruce} yes vad
[09:10] {Threei} watching QID for long entry if pulls back into .50 area
[09:11] {magoo} feel mkt down?
[09:12] {Threei} looks like
[09:16] {dino} syna stopped -.24
[09:24] {magoo} anyone try arca today?
[09:24] {magoo} quotes good?
[09:24] {Threei} looks OK so far
[09:25] {magoo} ty
[09:25] {esemde} my view of the market is that it's the end of month/beginning of month mutual fund buying to be followed by resumtion of indexes heading down
[09:27] {dino} not my view es, but anytyhing can happen
[09:28] {esemde} how do you see it dino
[09:28] {dino} lots of my friends are complaining about losing money, don't see a lot of buying by joe 6 pack
[09:29] {dino} but who knows, who cares...traders trade, thats what we do
[09:29] {Threei} CKEC is at it again
[09:29] {esemde} i don't have a fundamental reason just the old object in motion deal....
[09:30] {dino} np, don't take anything personally
[09:31] {dino} in the end it doesn't matter, imo
[09:31] {esemde} heck no man........respect your opinion big time....
[09:32] {dino} same here
[09:33] {dino} chtt stopped -.26, ave.
[09:36] {Threei} anyone took QID off .50?
[09:36] {magoo} no, did u?
[09:36] {Threei} got distracted in dcc, missed moment
[09:37] {Threei} did exactly what I called earlier
[09:38] {Threei} just don't chase
[09:38] {Threei} entry of rallies is the way to handle this market
[09:39] {Threei} breakdwons will offer more shakeouts than wins
[09:39] {esemde} what do you mean by entry of rallies Vad
[09:40] {esemde} in indexes or stocks?
[09:40] {esemde} buy on pullbacks
[09:40] {Threei} no, short off bounces
[09:41] {Threei} when it comes to QID, it's long off pullbacks of course
[09:41] {esemde} a ha..
[09:42] {bruce} wft vad - any read?
[09:42] {dino} sigm l .80
[09:43] {Threei} not really bruce
[09:43] {bruce} k
[09:43] {dino} lol bruce
[09:44] {dino} oopps, thought you said wtf vad
[09:44] {Threei} that was my first thought too
[09:44] {Threei} but I looked closely just as I was unholstering the trout
[09:45] {bruce} sheesh
[09:45] {Threei} lol
[09:45] {dino} great minds think alike, lol
[09:45] {Threei} don't be sad bruce, Copernicus was widely misunderstood too
[09:47] {Threei} see what buying QID break around .80 would do to you?
[09:48] {bruce} you like qid long agqain near .5?
[09:48] {Threei} no, not this time
[09:49] {Threei} 50/50 shot here
[09:49] {bruce} figured - no point making things too predictable
[09:49] {Threei} first time around it was clean pullback in the trend
[09:49] {Threei} this time it's not, trend has stalled,
[09:49] {esemde} i'm otta here ya'll have a good day!
[09:49] {Threei} it's more like establishing range at this point
[09:50] {magoo} wait
[09:50] {Threei} take care ese
[09:50] {magoo} rats
[09:50] {magoo} hes fast
[09:51] {Threei} and as far as range goes, lower limit is about .40
[09:51] {Threei} so, best trade would be if it breaks down throuigh .40, dives quickly scaring the living daylight out of traders
[09:51] {Threei} and long entry would be in order for the bounce back in the range
[09:52] {Threei} kind of "take side of shakers instead of being shaken"
[09:55] {bruce} k- thanks vad
[09:58] {bruce} takingbreak
[10:03] {Threei} comr on QID
[10:04] {Threei} here is breakdown
[10:05] {dino} sm l spwr .60
[10:05] {Threei} in
[10:05] {Threei} .19 stop
[10:06] {Threei} could take couple tries... but hopefully scared them enough
[10:06] {Threei} ugh, not yet
[10:10] {magoo} what entry u gert long?
[10:10] {Threei} first stopped - 7 cents
[10:11] {Threei} can't nail another one yet, it's jumping up and down with no rhyme
[10:12] {Threei} back in the range
[10:12] {Threei} lol, followed scenarion but I put too tight stop on it
[10:16] {Threei} in
[10:16] {Threei} just want my stop back
[10:17] {Threei} out
[10:17] {Threei} ty QID, we are friends again
[10:29] {Threei} what's with VVUS?
[10:30] {Threei} I see no news
[10:30] {Threei} 52 weeks highs
[10:31] {dino} out sigm .10, +.30
[10:32] {Threei} like teeth pulling dino eh?
[10:32] {dino} yeah, every trade taking forever
[10:35] {lumdus} out rest bpop +.52
[10:36] {dino} gj
[10:36] {Threei} lumdus is embodiment of patience
[10:37] {lumdus} i just ate a big lunch and got back
[10:37] {Threei} great... now I am hungry
[10:40] {magoo} qid long vad?
[10:44] {Threei} probably yes
[10:44] {Threei} as close to .30 as possible
[10:44] {Threei} .24 stop
[10:44] {Threei} first strength from here
[10:45] {Threei} got .27
[10:46] {lumdus} in efii 13.99
[10:46] {Threei} half out.39
[10:47] {Threei} feels like has more than scalp in it this time
[10:47] {magoo} good entry
[10:47] {lumdus} go efii
[10:47] {Threei} and if not, what's my risk for the balance... 3-4 cents
[10:47] {lumdus} out 1/2 .17 rest stop b/e
[10:47] {lumdus} +.17
[10:48] {Threei} nice one lum
[10:48] {lumdus} out rest efii +.27
[10:48] {lumdus} tx boss
[10:49] {Threei} die NASDAQ
[10:54] {Threei} OK QID, I got it
[10:56] {Threei} message is loud and clear: "Scalp and don't even dream of getting a trend"
[10:57] {lumdus} ok sounds good.
[10:58] {lumdus} in txn 30.18
[11:00] {lumdus} stop on txn 30.09
[11:01] {Threei} looking to short QID
[11:02] {Threei} somewhere above .30, on a sign of weakness and only if keeps below .40
[11:03] {Threei} one more spike please QID
[11:04] {lumdus} so maybe we ride the spike
[11:04] {lumdus} in symc 16.76
[11:04] {Threei} in .30 but got just half order filled
[11:05] {lumdus} stop on sync 16.76
[11:05] {Threei} .41 stop
[11:08] {Threei} 1:1 QID
[11:09] {Threei} covered half .13
[11:09] {Threei} would have taken full scalp if I got full lot filled
[11:09] {Threei} but with lousy half under the belt, can just as well see if it's ready to break
[11:11] {Threei} out in full QID
[11:11] {Threei} +.30
[11:12] {Threei} out half swing IDIX
[11:12] {Threei} remember one from two days ago?
[11:13] {Threei} talking to myself I see
[11:18] {lumdus} out symc +.01
[11:18] {lumdus} out txn flat
[11:19] {lumdus} just got bored of not seeing it move when we moving up.
[11:19] {Threei} - Will take time to revalue market assets so volatility will continue
[11:20] {dino} why do they feel the need to talk every day
[11:20] {Threei} beats me
[11:20] {Threei} not like they have anything meaningful to say
[11:20] {lumdus} in mro 49.83
[11:21] {lumdus} if this doesn't go then i giveup for sometime
[11:27] {Threei} .99 short QID, .11 stop
[11:28] {Threei} no worky
[11:32] {bruce} not a great day for reversla plays dino
[11:33] {dino} no, not much spiking or collapsing
[11:33] {dino} everything a bit too gradual for my style
[11:34] {bruce} agreed
[11:34] {bruce} typical monday
[11:35] {dino} yeah, i'm up, but under daily
[11:36] {bruce} I'm down again
[11:36] {bruce} apol may be gettign extended
[11:37] {dino} the charts is too gradual imo
[11:37] {bruce} k
[11:37] {bruce} meli?
[11:38] {dino} cacb
[11:39] {dino} can't borrow
[11:40] {bruce} k
[11:40] {lumdus} stop on mro 49.75 needs to run now
[11:40] {dino} exbd?
[11:41] {dino} s .42
[11:47] {bruce} you think .65 stop enough for exbd?
[11:48] {lumdus} out mro 49.75 - .08
[11:48] {lumdus} good night to all done for the day.
[11:48] {bruce} night lum
[11:49] {Threei} take care lum
[11:49] {Threei} VVUS is torturing me
[11:50] {bruce} cof another possible short candidate dino
[11:51] {dino} got booted out
[11:52] {dino} cof is bank, dk, they trde strange lately bruce
[11:53] {bruce} k- thanx dino
[11:58] {dino} bstop to .17 exbd
[11:58] {dino} to .14
[11:59] {dino} to .09
[11:59] {dino} tight, tight tight
[11:59] {bruce} out exbd +.35 small dino
[11:59] {bruce} thanx
[12:00] {bruce} almost back to b/e
[12:01] {dino} gj bruce my stop is .04
[12:01] {dino} cov. 03, +.39
[12:02] {dino} slipped wrong way
[12:02] {dino} ok, back in 10
[12:02] {bruce} k
[12:09] {dino} tson
[12:17] {Threei} long QID for a scalp closer to .70
[12:17] {Threei} missed
[12:20] {magoo} aapl read vad?
[12:20] {Threei} hmmm
[12:21] {dino} ouch meli
[12:23] {Threei} looks ready for a bounce on a wuick sell under .50 mags
[12:24] {magoo} in out
[12:24] {magoo} .67 out .08
[12:24] {magoo} yt
[12:24] {magoo} ty
[12:24] {magoo} too fasr to post
[12:25] {magoo} riomm read vad?
[12:25] {magoo} rimm
[12:26] {Threei} short for scalp
[12:26] {Threei} one more spike is desirable
[12:26] {magoo} i thoght long
[12:27] {Threei} long only if holding above .85 and break 91.03
[12:31] {Threei} did any?
[12:31] {magoo} yes
[12:31] {magoo} .09
[12:31] {magoo} wait .45
[12:31] {Threei} both worked if you are fast as wild west draw champion
[12:32] {magoo} out .45 hewre
[12:32] {magoo} ty
[12:32] {Threei} good one
[12:32] {dino} gj
[12:32] {magoo} im giving u all the easy ones he he to read
[12:32] {magoo} aapl..rimm..qid
[12:32] {Threei} ah thank you
[12:33] {Threei} I appreciate it
[12:33] {magoo} i know u do
[12:33] {Threei} as soon as you request GOOG read I'll know you are so very kind to me
[12:37] {magoo} how about rimm and aapl now?
[12:37] {dino} sm l jaso .00
[12:38] {Threei} feels short on both, long QID accordingly
[12:38] {magoo} u taking any?
[12:38] {Threei} nope
[12:38] {Threei} too good day to do this kind of trades so close to eod
[12:39] {bruce} I missed jaso - stop would hav e been 56.65 or so dino?
[12:39] {Threei} looking for entry is challenging enough in this environment, don't need asditional burden of last 20 min emotions
[12:40] {Threei} you noticed the way I did it today
[12:40] {Threei} not only looked for aggressive entries, but wanted them on price overshooting the reasonable pullbacks
[12:40] {Threei} missed some because of that but winning percentrage on those that got caught was beyond nice
[12:41] {bruce} I see your point vad - lots of moves vilating obvious suppoort level today then reversing
[12:41] {dino} out jaso .30, +.30
[12:41] {bruce} all in all - pretty small moves though
[12:41] {Threei} right, that's what I incorporated in today's entries
[12:41] {bruce} nice dino
[12:41] {dino} ty bruce, you get it?
[12:42] {bruce} no - bid at 00 not filled
[12:42] {Threei} if I wanted to trade, I'd look for QID long on this selling
[12:42] {dino} ok, was watching oih w/it, when oih started up, so did it
[12:43] {dino} damn, out way too soon
[12:43] {Threei} and RIMM short with stop above 92
[12:43] {bruce} got you
[12:43] {dino} wow we just jumped about 60 pts dji
[12:44] {dino} tson, waiting sm at .32
[12:44] {bruce} so jaso tends to follow oih?
[12:44] {dino} solar, oih. delayed, but usually after their initial day setup
[12:45] {bruce} hmm k
[12:47] {Threei} couldn't help myself, got .22 QID
[12:47] {Threei} out .37
[12:47] {dino} wwin
[12:47] {dino} thin
[12:47] {magoo} i dicked your aapl sh call, went long .05 exited .64
[12:49] {bruce} does the dji pop create a shorting opportunity dino?
[12:49] {Threei} you see the clock bruce?
[12:49] {Threei} just making sure you haven't lost track of time :)
[12:49] {bruce} good point vad
[12:50] {bruce} hanging up hat
[12:50] {Threei} easy to do getting caught in the excitement
[12:50] {Threei} then scream "turn those machines back on"
[12:51] {dino} no bruce
[12:51] {dino} for me, its' easier to short/long, individual stocks, rather than index
[12:52] {dino} alxn
[12:53] {Threei} OK guys, done for the day
[12:53] {bruce} k - but sounds like you use index to get advance idea of direction change
[12:53] {Threei} turned out quite nice one
[12:53] {magoo} ty vad
[12:53] {dino} yes bruce, exactly
[12:53] {dptl} have a good evening all
[12:53] {Threei} albeit not very easy but profitable
[12:53] {Threei} have a good evening, see you tomorrow
[12:54] {dino} i watch oih, dji, $ndx all day right w/the stocks i'm interested in
[12:54] {dino} cya vad
[12:54] {dino} cya dp
[12:55] {dino} cx tson, no time
[12:57] {dino} ok, thats all for me, thx for ideas