Friday, February 22, 2008

Feb 22 2008

- Received an order for an additional 174 Cougar Mastiff vehicles, vehicle spare parts, and field support for the UK Ministry of Defense.
[08:42] {Threei} - scheduled for completion by December 2008, with spare parts and field support coverage continuing through mid 2009.
[08:43] {Threei} this stock is neverending story of news propping it up, then decline as if all the positive effect disappears in thin air
[08:44] {cosmo} so.. they breed a dog/cat hybread?
[08:45] {Threei} no idea, I am not good at botany
[08:45] {Threei} here goes bruce telling me that botany is plants, not animals... as if there is any difference
[08:46] {cosmo} hmmm
[08:47] {cosmo} i dunno .. a couger/mastiff combination could be very effective protection...
[08:49] {cosmo} FRPT pre mkt high = 5.11 so far
[08:51] {magoo} morning
[08:51] {Threei} magoo... look what an unexpected gift we have this morning
[08:51] * Threei slaps Laserdave1 around a bit with a large trout
[08:53] * magoo slaps Laserdave1 around a bit with a large trout
[08:56] {cosmo} UNFI: United Natural Q2 profit falls; cuts FY08 EPS outlook
[08:56] {cosmo} at Reuters (Thu 6:33pm)
[08:58] {cosmo} 18.10 pre mkt high fwiw
[09:01] {bruce} sure cosmo - but a turnip mastiff combinaton?
[09:04] {Threei} or german badger-dog with suitcase
[09:06] {bruce} is that carry on protection vad?
[09:06] {Threei} no, just must look funny
[09:06] {Threei} which is an asset in and of itself in my eyes
[09:09] {esemde} good morning ladies and gentlemen of the jury.......
[09:10] {dptl} good morning all
[09:10] {bruce} for truly funny why not a parakeet / llahma cross?
[09:10] {Threei} ese, dp :)
[09:10] {bruce} now you have a bird with a big nose that spits
[09:10] {Threei} and is furry
[09:10] {Threei} I like it
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:11] {bruce} speak of the devil - morning dino
[09:12] {dino} hmmmmm...and the devil shall appear
[09:12] {bruce} not much shakin this morning
[09:12] {bruce} cbey is down big though
[09:16] {magoo} last night bruce
[09:17] {magoo} keep in mind vad shorts today, and RIMM up pretty good if mkt goes
[09:17] {Threei} shorts? according to recent calendar, today is bull market
[09:18] {Threei} ese, look dcc please
[09:19] {dino} unfi bit of blood
[09:19] {bruce} is that from the farmers almanac vad?
[09:20] {Threei} no idea but someone somewhere obviously signed a decree that up and down days must alternate
[09:21] {bruce} got you- well that makes it easy for us then
[09:21] {Threei} yup... alliswellinlalaland one day, theskyisfalling another
[09:22] {bruce} sure - but you can get a new roof on your house from the insurance coverage on that satelite debris
[09:23] {Threei} not if I am in the house when it hits
[09:24] {Threei} which reminds me, gotta update kids info on my life insurance :)
[09:25] {lumdus} good morning all. snowing heavily in nyc
[09:25] {dino} depends on opening gap, up, end down, down end up
[09:25] {Threei} hi lum, really?
[09:25] {Threei} true dino, that's the pattern that shoqwn pretty consistently lately
[09:26] {lumdus} vad, just kidding ..
[09:27] {esemde} lum from NY....I love New York!
[09:27] {lumdus} i love ny as long as i find parking
[09:27] * Threei cancels mailing skies and snow shovel to lumdus
[09:28] {_leo1} hi
[09:28] {Threei} I wanted to say I love NY but then realized that I love Manhattan
[09:28] {Threei} hi leo
[09:28] {esemde} leo
[09:28] {Threei} ese, dcc please
[09:29] {dino} lum, a yankee?
[09:29] {lumdus} yes
[09:29] {dino} onhly about 2 1/2 hours from you
[09:33] {Threei} GRMN .50 long small if holding above .30
[09:34] {Threei} still valid
[09:35] {bruce} missed it - popped
[09:35] {lumdus} hoh shoot no way with that.
[09:35] {dptl} got .54
[09:35] {Threei} no... unless entered aggressively unattainable
[09:35] {Threei} wow
[09:36] {Threei} dpt proved us wrong
[09:36] {Threei} take profit
[09:36] {bruce} congrats dp
[09:36] {dptl} out +.40 ty
[09:36] {Threei} wtg
[09:39] {bruce} you want to try grmn as pullback vad?
[09:39] {Threei} wait
[09:39] {Threei} RIMM is not dropping with NQ
[09:39] {Threei} 106.15 long
[09:39] {Threei} stop under .90
[09:40] {dino} gj dp
[09:40] {Threei} out .70
[09:40] {Threei} +.53
[09:40] {dptl} thx Dino
[09:41] {Threei} anyone caught it?
[09:41] {Threei} see big red bar 9:39 NASDAQ?
[09:41] {lumdus} s wb 32.94 stop 33.03
[09:41] {Threei} and barely couple downticks RIMM
[09:41] {bruce} too late for me vad - paased trigger when I pulled it up
[09:41] {Threei} dead giveaway
[09:42] {Threei} was available just couple cents higher for a few bruce
[09:42] {Threei} I got .18
[09:42] {dino} bby s .85, stop .17
[09:45] {bruce} cbey continues down - out +.20 quick scalp
[09:46] {dino} cov bby .61, +.24
[09:47] {Threei} keep an eye on RIMM guys, relative strength on it is remarkable
[09:47] {Threei} NQ makes new lows, RIMM retreats 20 cents
[09:47] {Threei} NQ barely bounces, RIMM makes new highs
[09:47] {bruce} I'm slow this morning dino- was looking for a stock with symbol bbys
[09:48] {Threei} any help by market, it will bust through 107 like knife
[09:48] {Threei} there
[09:48] {dino} :)
[09:48] {dino} sigm?
[09:49] {magoo} just caugty rimm
[09:49] {magoo} .70 to .09
[09:49] {magoo} to fast
[09:49] {magoo} to pout in here
[09:49] {bruce} nice mags
[09:49] {dino} why pout?
[09:50] {dino} l sigm .70
[09:50] {Threei} hopw do you like this on SIGM:
[09:50] {bruce} great exit mags - you caught exact top
[09:50] {Threei} 02/19/08 01:15am [SIGM] Baird Cuts SIGM to Neutral from Outperform, price target: $50.00
[09:52] {Threei} what's so great bruce, he sold 3 cents under high... pretty pitiful performance
[09:52] * Threei is hiding under the nearest rock
[09:52] {magoo} thats why i am poutting
[09:52] {Threei} lol
[09:52] {magoo} really fast..vad said watch it
[09:52] {magoo} i watched
[09:53] {magoo} hoit-layourt lucky
[09:53] {Threei} see, thing with stocks like RIMM
[09:53] {bruce} intu on radar dino - want to see it drop more
[09:53] {magoo} sigh..spelling
[09:53] {dino} sigm stopped -.40
[09:53] {Threei} sometimes they give you time to alert of setup coming
[09:53] {Threei} and sometimes things happen so quickly that there is no way I could type it in time,
[09:53] {Threei} so what I opt to do is
[09:54] {Threei} alert when I can
[09:54] {Threei} and give general outlook on how to play it
[09:54] {Threei} so those of you who can read and catch it could act on your own, without delay caused by my typing
[09:55] {Threei} understandably, it's not a stock for everyone
[09:55] {magoo} u like it for bounce here?
[09:55] {Threei} has quite a personality
[09:55] {Threei} sure - if NQ bounces
[09:56] {Threei} .30 is nearest support
[09:56] {Threei} not anymore
[09:56] {magoo} grmn might be short if naz retreats vad
[09:57] {Threei} I am not sure they have much correlation
[09:57] {magoo} yeah, not in chart
[09:58] {bruce} with rimm you look for a small consolidation vad - 20 c or so - then break to one side with nq also moving that way?
[09:58] {Threei} one correction bruce
[09:59] {Threei} on a day like today I will aplly that to long but not to short
[09:59] {Threei} meaning I will go with this setup on a long side, and will remain on a sideline on shoert side
[09:59] {bruce} k- cause strngth seems long for it?
[09:59] {bruce} got you
[09:59] {Threei} with such relative strength as RIMM shows short is just very labored money
[09:59] {bruce} idea is to keep small stops
[09:59] {Threei} path of least resistance is up
[10:00] {Threei} and I like easy money
[10:00] {bruce} and ready to exit on first sign of slowing on it looks like from wqtching you trade it
[10:00] {dino} bby s .94 stop hod
[10:00] {Threei} well... that's my approach since I am as risk adverse as we human beings get
[10:01] {Threei} someone with more tolerance would probably keep part for a multipoint run
[10:01] {lumdus} in ccu 31.68 stop 31.49
[10:02] {bruce} a lot of 1 min candles in it are over 60c
[10:02] {bruce} so tough to keep 20 c stops init
[10:03] {Threei} thin stock always requires some padding
[10:03] {bruce} its not thin - just real fast
[10:04] {Threei} GRMN formed quite pronounced support at 63.80
[10:04] {Threei} watching if it holds
[10:04] {Threei} nope
[10:05] {Threei} no play
[10:05] {bruce} I hate grmn - erratic as hell
[10:06] {Threei} that's what we have to play these days, normal stocks just don't move
[10:06] {Threei} keep us prisoners for hours if we venture in them
[10:06] {Threei} and for the most part stop us out eventually
[10:06] {magoo} agree vad
[10:06] {Threei} enter TIVO yesterday
[10:06] {lumdus} yeah, i am just figuring that out now.
[10:06] {Threei} it all goes in cycles
[10:07] {Threei} one day those small safe ones will start moving like their sole purpose in life is to make us as much money as possible
[10:07] {bruce} fwiw - looks like grmn may find support about.50 and bounce there
[10:08] {dino} see, gap up open
[10:08] {Chaeron} gm all
[10:08] {Threei} ch :)'
[10:09] {Chaeron} looks like a littl.e cigar butt hanging there from that smile Vad... a bit early for that no? :)
[10:09] {Threei} lol
[10:10] {Threei} AMZN starts looking interesting
[10:10] {esemde} long VCLM19.09
[10:10] {dino} bby stopped .13, -.19
[10:10] {bruce} thats what I hat4e about grmn - bounced at .50 as suspected - only moved 20c - then moved to stop and continue
[10:10] {bruce} pos
[10:11] {Threei} watching AMZN for breakout of 71.70 - 72 range
[10:12] {bruce} amzn short?
[10:12] {Threei} no
[10:12] {magoo} we are tanking ?
[10:13] {bruce} no just slummin magooski
[10:13] {magoo} amzn looks like rolling over to me {respectfully submitted}
[10:13] {magoo} maybe RIMM bounce vad
[10:13] {dino} dv l .35
[10:14] {bruce} nice entry dino
[10:14] {dino} ty waited forever
[10:14] {dino} sigm?
[10:15] {Threei} looks like short to me dino
[10:15] {magoo} RIMM vad?bounce somewhere?
[10:15] {dino} bite your toung
[10:16] {Threei} I don't have feel for it magoo
[10:17] {magoo} neither do i evidently
[10:17] {esemde} out VCLM .43 +.34
[10:17] {Threei} wtg
[10:17] {esemde} you hooked me on to it a couple of days ago
[10:18] {Chaeron} huge ese...
[10:18] {dino} gj
[10:18] {esemde} been kinda monitoring it
[10:18] {Threei} I have?
[10:18] {Threei} gosh... I don't remember it at all :)
[10:18] {esemde} RRIIGGHHTT....wink wink nudge nudge....
[10:19] {esemde} it's still goin
[10:19] {dino} risky sigm l .50
[10:26] {dino} unfi sm l .20
[10:27] {bruce} imcl looks srtong bvad
[10:28] {dino} out dv .72, +.37
[10:28] {esemde} vlcm....nice move up today ....on an iffy day for sure
[10:29] {bruce} nice dino
[10:31] {bruce} any read cbey vade - looks to me like long potential on break of .50
[10:31] {Threei} I like it bruce
[10:37] {lumdus} short ir 38.57 stop 38.67
[10:42] {Threei} beautiful read CBEY bruce
[10:42] {bruce} thanx vad
[10:42] {dino} nice one bruce
[10:42] {Threei} very clean setup
[10:45] {lumdus} ir - .11 crap
[10:46] {Threei} 1:2 CBEY
[10:47] {bruce} out cbey +.63
[10:47] {Threei} disgusting
[10:47] {Chaeron} nice bruce
[10:47] {Threei} truly disgusting
[10:47] {magoo} nice bruce
[10:47] {Threei} couple more trades like this and noone will come out and play with you
[10:48] {lumdus} very nice bruce
[10:48] {Chaeron} don't listen to Threei,,,, he's just pulling lint out of his navel
[10:48] {lumdus} awesome heads up and awesome trade
[10:48] {bruce} thanx vad
[10:48] {Threei} always :)
[10:48] {bruce} I'm worlds second worst trader- but get lucky sometimews
[10:49] * Threei is waiting to see who first takes the bait and asks bruce why second worst
[10:49] {dino} ahhh, luck
[10:50] {bruce} eternal optimism vad
[10:50] {bruce} I'm sure theres a worse one - just havne't met him yet
[10:50] {bruce} hope someone else gotcbey
[10:51] {Threei} my idea of answer to "why second/" would be: "that's how bad I am, can't even be THE worst at this"
[10:51] {bruce} lol
[10:51] {bruce} woulda said that if I'd thought of it
[10:52] {Threei} that's an old joke actually... can't claim authorship
[10:52] {bruce} possible break nvda here
[10:54] {Threei} if golding above .70, break will be valid setup on it
[10:54] {dino} pwrd
[10:56] {Threei} full point CBEY
[10:56] {Chaeron} beauty
[10:56] {dptl} out cbey +.21 on that move got it on pullback ty bruce vad:)
[10:56] {bruce} nvda invalid
[10:56] {Threei} nice dp
[10:57] {bruce} congrats dp
[10:57] {dino} ibkr l .05
[10:58] {magoo} double bottom RIMM setting up vad
[10:58] {Threei} not sujre mags
[10:58] {Threei} it lost lustre
[10:58] {Threei} can break down just the same
[10:59] {esemde} markets calm......
[10:59] {bruce} nice vad - you took full point out of it?
[10:59] {Threei} on CBEY?
[10:59] {Threei} yes
[10:59] {bruce} yes
[10:59] {bruce} wow - cool beans
[10:59] {Threei} not on full position of course, aprtialed along the road
[11:00] {bruce} k - makes sense
[11:02] {bruce} \onxx on break of .50 vad?
[11:03] {esemde} What are the chances the market will finish up today.....
[11:03] {dino} 50/50
[11:03] {esemde} hmmmmmmm
[11:03] {lumdus} in erts 49.27 sto 49.17
[11:03] {Threei} ONXX wierdly narrow today
[11:03] {Threei} not sure it's worth our time and effort
[11:03] {dino} shorts pretty good week, may cover into close
[11:04] {dino} ibkr stop to .30
[11:04] {bruce} k
[11:05] {dino} out slippage +.20
[11:09] {Threei} feels like bounce coming
[11:10] {Threei} or not
[11:10] {dino} ofix
[11:10] {Threei} short a little QID, very tight stop
[11:10] {Threei} .81
[11:11] {Threei} nope
[11:12] {lumdus} vad, talk about stocks not moving .. erts still range no movement.
[11:13] {magoo} u short qid vad?
[11:13] {Threei} stopped mags
[11:13] {lumdus} out erts -.11 crappy day
[11:14] {magoo} RIMM bounce time or is there a better trigger?
[11:14] {magoo} SHIT
[11:14] {magoo} was looking 104
[11:14] {Threei} RIMM yes, bounce but try to get in on pullback
[11:16] {Threei} shakeout QID... whimp I am
[11:16] {Threei} .76 was good entry, overtightened stop
[11:23] {Threei} CBEY worth a try for a scalp here with stop .48
[11:23] {Threei} pure risk based setup
[11:24] {dino} sm risky l ofix .85
[11:26] {magoo} what entry u get CBEY vad?
[11:26] {Threei} .54
[11:26] {magoo} .5488 here
[11:26] {Threei} no worky
[11:26] {magoo} fer
[11:26] {dino} stopped ofix .40-.45
[11:26] {magoo} now how u get out .448
[11:27] {magoo} was a blink
[11:27] {magoo} .48 im mean
[11:27] {Threei} got .43 and .45 on exit
[11:27] {magoo} ok
[11:36] {Threei} AMZN starts looking breaky
[11:36] {Threei} .91 semi-aggressive entry
[11:37] {Threei} if holding above .65
[11:40] {dino} ofix l .42 risky
[11:42] {dino} stopped done w/it
[11:45] {dino} unfi stopped .80 -.40 sm
[11:47] {bruce} sheesh ofix really dumped
[11:48] {dino} ibkr s .75, stop .03
[11:50] {bruce} aapl tanking broke 120
[11:53] {bruce} any thoughts rimmm here vad?
[11:53] {bruce} lloks like long at .50 but stop would be 30c
[11:54] {Threei} can't tell
[11:54] {Threei} things lost rythm
[11:54] {bruce} k
[11:55] {bruce} theres dance lessons for that vad
[11:56] {Threei} hmmm
[11:56] {magoo} bounce aapl vad?
[11:56] {Threei} coin toss mags
[11:56] {bruce} new reality show - dancing w magooski
[11:56] {magoo} what should i calkl then? upo or down
[11:57] {Threei} the sure bet is that coin will not hang in the air
[12:03] {dino} cov ibky .51 +.24
[12:05] {esemde} ITS!!! THE!!! WEEKEND!!!!! have a good one all see ya monday
[12:05] {Threei} take care ese, have a good one
[12:06] {dino} pwrd s .05 stop .27
[12:28] {Chaeron} .
[12:29] {dptl} Dave dcc pls
[12:29] {dino} pwrd bstop to .17, i can't even pick a short
[12:30] {bruce} ofix trying to recover some now dino
[12:31] {Chaeron} - Indices resume a downward trajectory as credit market fears continue to weigh. Major publications continue to point to signs of further deterioration in the functioning a variety of fixed income markets.
[12:31] {Chaeron} The WSJ noted that two indices that track the cost of buying insurance on bonds issued by 125 large companies have doubled since the beginning of the year, a sign that the financial squeeze that began in investments linked to subprime mortgages has spread. A separate article noted that the CMBX Index, which tracks the value of bonds backed by commercial mortgages, suggest rough waters ahead for that industry as well.
[12:32] {Threei} really
[12:32] {Chaeron} nope, not foolin'
[12:34] {dino} maybe bruce, tough one ofix
[12:38] {dino} sigm l .00, stop lod
[12:52] {Threei} yawn
[12:52] {dino} esmk
[12:55] {bruce} taking break
[12:56] {Threei} slacker
[12:56] {Threei} sit here and yawn with us
[13:07] {dino} like anybody's is strickly peaceful. issue is a joke
[13:07] {Threei} I am strictly peaceful
[13:07] {Threei} especially when my gun is loaded
[13:08] {Threei} and safety's off
[13:08] {Chaeron} lol
[13:09] {magoo} get to work would u lol
[13:10] {Threei} see, magoo ruins my extreme peacefullness
[13:11] {Chaeron} load your gun...
[13:11] {Threei} looking at OPTV with interest
[13:11] {Threei} maybe some slow accumulation starts
[13:20] {dino} ueic
[13:22] {dino} ueic s .54
[13:23] {bruce} back
[13:23] {bruce} you're right vad
[13:23] {bruce} slackers my middle name
[13:24] {Threei} I know, I wanted to claim it and found out it was taken
[13:24] {bruce} would feel guilty if I weren't following your example
[13:29] {Threei} AAPl looks like short on bounce
[13:29] {Threei} as close to 118 as can get
[13:31] {Threei} practically no bounce... .80 was the best it could do
[13:31] {bruce} around 118 w 30 c stop vad?
[13:32] {Threei} it's gone bruce
[13:32] {Threei} no bounce to short into, and too far from there now
[13:32] {Threei} if it does go as high as 118 from here, it's a whole new setup, need to reevaluate
[13:33] {bruce} for now - but may still come back to 118
[13:33] {bruce} k
[13:33] {bruce} thanx
[13:33] {Threei} look at it this way
[13:33] {Threei} it dropped 60 cents,
[13:34] {Threei} if it can gather as much strength as needed to go all the way back, you better look again because it can be a sign of reversal
[13:34] {Threei} don't enter on price alone
[13:34] {Threei} see how it acted to get to that price
[13:35] {bruce} looks to me like its droppingin about1 buck on major breaks
[13:36] {bruce} we might still be able to short here w .70 stop
[13:38] {magoo} aapl .looks like following naz, any thoughts?
[13:39] {Threei} it does mostly but its weaker
[13:39] {Threei} I would play it on short side only
[13:43] {magoo} u reading rimm at all..maybe short
[13:44] {Threei} rather short than long, but there is no clean compelling setup
[13:45] {Threei} I don't want to fire half-baked entries at you, it's a sure way to get unnecessary stops
[13:46] {bruce} k
[13:46] {magoo} are u drinking already on this snowy wintery day?
[13:46] {Threei} snowy?
[13:46] {Threei} wintery?
[13:46] {bruce} half baked pies are no good either
[13:46] {Threei} I don't know what you are talking about
[13:46] {Threei} sun, warmth
[13:47] {bruce} was watching aapl - you didn't think the .43 break was worth a try vad?
[13:47] {bruce} sunny here too
[13:47] {Threei} I just don't like too wide stop bruce
[13:47] {Threei} there is no rsistance close enough for comfort
[13:47] {bruce} we're selling vqcation packages to sunny saskatchewan
[13:47] {bruce} k
[13:48] {magoo} blizzard here in n.e. pa
[13:48] {bruce} I saw range contraction
[13:48] {bruce} but not over very big time frame
[13:48] {Threei} yes and nearest resistance is .70, and not very pronounced
[13:49] {Threei} sorry to hear mags
[13:49] {bruce} k
[13:49] {Threei} I swear, the day I decided to move to Victoria was at par with the day I decided to leave xUSSR
[13:50] {bruce} ah - still pining away for the homeland vad?
[13:50] {Threei} bruce can have whole praries to himself
[13:50] {bruce} lol
[13:50] {bruce} already have it to myself vad
[13:51] {Threei} Praries aka Bruce's Kingdom
[13:51] {bruce} hmmm
[13:51] {bruce} nice ring to that
[13:51] {Threei} homeland... hmmm... I am afraid it would feel much more foreign to me now than any place in USA/Canada :)
[13:51] {bruce} we're surrounded by water here vad
[13:52] {bruce} the pacific and atlantic
[13:52] {bruce} Iremember you saying you liked islands
[13:52] {Threei} yup... pacific only around me
[13:52] {bruce} exactly
[13:53] {bruce} how boring
[13:53] {Threei} AAPL short maybe shapes up...
[13:53] {Threei} .50 resistance
[13:54] {Threei} if can't break it
[13:54] {Threei} hard to find trigger
[13:54] {Threei} weakness from here
[13:54] {Threei} with stop above .50
[13:55] {magoo} prob is naz move up
[13:56] {Threei} yup
[13:58] {bruce} you think crox worth ry shhort here vad? looks good but very volatile one
[13:58] {Threei} it's actaully much more tame than it used to be
[13:59] {bruce} yes - -at least todays chart is
[13:59] {Threei} and yes, looks like good short if market helps
[14:00] {Threei} AAPl worked direction wise but exact entry/stop on it was practically unreadable
[14:02] {bruce} yes - those are tough ones
[14:02] {bruce} big stops if they don't work
[14:02] {bruce} and lots of moving around til they prove themselves
[14:04] {magoo} i like amzn short....any thoughts
[14:04] {lumdus} short rimm 103.55 stop 103.83
[14:04] {dino} ueic stopped -.26
[14:05] {Threei} RIMM and AAPL are better shorts magoo
[14:06] {lumdus} let's hope rimm does it for me.
[14:08] {Threei} come on NASDAQ, rug pull time
[14:08] {Threei} there
[14:09] {lumdus} yeah, go rimm now..
[14:15] {Threei} new low AAPL
[14:15] {Threei} RIMM is still hanging for dear life
[14:16] {lumdus} it got to .82 just 1 penny from my stop.
[14:17] {dino} rimm nice gap around 98
[14:18] {lumdus} our rimm -.30
[14:18] {dino} tson
[14:19] {Threei} unreadable mess
[14:21] {magoo} tson short vad..avail
[14:22] {Threei} I see upgrade by LEH
[14:22] {Threei} anything else on it?
[14:22] {magoo} dunno
[14:23] {Threei} - Says central bank must take care not to stir up inflation, noting Fed is having serious discussion regarding inflation pressures, and see rises in US inflation partly due to higher food and energy costs outside Fed control given most of inflation pressure is globally driven
[14:23] {Threei} - Sees 'economic anemia" for couple of quarters, growth risks could suffer more than expected and rate cuts take at least six months to have influence
[14:23] {Threei} - Says Fed must take care that policy action does not impact economy while preventing economy from slipping into prolonged recession and cannot help but worry about an economy that has become infected
[14:23] {Threei} - Stimulus package will be positive if enacted quickly and could also boost consumer spending while Long-term liabilities are biggest fiscal concern
[14:23] {Threei} - Says 'highly unlikely' Governor nominees to join Fed
[14:23] {Threei} - Notes it is possible for policymaker to dissent without disagreeing with policy direction
[14:23] {Chaeron} 02/21/08 04:04pm [TSON] Trans1 Inc Reports Q4 -$0.07 v -$0.12e, R $5M v $4.5Me
[14:24] {Chaeron} shoot... wrong one... sorry
[14:28] {bruce} bang chaeron
[14:28] {Chaeron} [TSON] Trans1 Inc Lehman Raised TSON to Overweight from Equal Weight
[14:28] {Chaeron} 02/21/08 04:04pm [TSON] Trans1 Inc Reports Q4 -$0.07 v -$0.12e, R $5M v $4.5Me
[14:28] {Chaeron} dang pc was frozen too
[14:28] {Threei} lol
[14:35] {lumdus} short dis 31.87
[14:38] {bruce} major support on dailys for dis lum at those levels - hope it works for you
[14:39] {bruce} ueic now dino
[14:40] {bruce} s ueic .89
[14:44] {dino} 22.89?
[14:44] {dino} 21.89}?
[14:45] {bruce} sorry - 21.89
[14:45] {bruce} wishful thinking my part
[14:51] {bruce} exited -12 c
[14:52] {Threei} let's see if last hour brings anything readable... quite useless afternoon so far
[14:53] {bruce} nic4e recovery in ofix dino - watched it but couldn't decide on an entry attempt
[14:53] {dino} phlyu
[14:54] {Threei} RIMM .20 long if stays above 104
[14:55] {Threei} target closer to .50
[14:57] {bruce} thanx vad - nice to have actual target for rimm trade
[14:58] {Chaeron} .
[14:59] {magoo} valid?
[15:00] {magoo} was out robbing bank
[15:00] {Threei} yes
[15:00] {magoo} in
[15:05] {Threei} official record:
[15:05] {Threei} this is first time in my life I fell asleep while trading RIMM
[15:05] {bruce} lol vad
[15:06] {Threei} tells you everything you need to know about today
[15:07] {magoo} not only breif chance to hit .35 and down
[15:08] {magoo} can't make anything on half lot
[15:08] {lumdus} l tev 48.40
[15:08] {lumdus} teva
[15:10] {magoo} christ
[15:10] {magoo} now a loss
[15:10] {magoo} i suk
[15:10] {Chaeron} me2
[15:11] {lumdus} magoo, i suck today also - seems normal for the day.
[15:11] {magoo} i need a beer
[15:12] {lumdus} i need voda, beer wont do it today
[15:12] {magoo} not blaming u vad, it had .14 cents but sheesh
[15:12] {magoo} one second and thought lil more than that
[15:12] {Threei} oh you can blame me, I don't mind
[15:13] {lumdus} vad, you think i have shot with teva in .40
[15:13] {Threei} chart is right... the rest is in trading gods hands
[15:13] {Chaeron} we need a sacrifice?
[15:13] {Threei} I have one to offer
[15:13] * Threei slaps Laserdave1 around a bit with a large trout
[15:14] * Chaeron slaps Laserdave1 around a bit with a large trout
[15:14] {lumdus} well, you had me magoo and i am sure we can get a 3rd sacrifice.
[15:14] {lumdus} stop on tev 43.36
[15:14] {Chaeron} hmm... not working... throw them leo... he's a newguy :) teasing leo... we love ya
[15:15] {_leo1} go to hell:)
[15:15] {Chaeron} roflol
[15:16] {bruce} ueic dumped nicely
[15:16] {bruce} throw leo to the lions
[15:16] {Threei} what a bloodthristy room
[15:17] {Threei} I am canceling my membership
[15:17] {_leo1} sorry
[15:17] {bruce} opps - none here - have to settle for those german badger dog w suitcase
[15:18] {lumdus} aapl looks good for bounce .. without me but
[15:19] {Threei} not yet lum
[15:19] {Threei} but soon
[15:19] {lumdus} i am getting to tempted..
[15:19] {lumdus} maybe i wait 10 mins for this
[15:19] {Threei} one more leg down
[15:20] {lumdus} it's nice high volume on it.. wow
[15:21] {lumdus} break of 116
[15:21] {Threei} there
[15:21] {Threei} bounce time on first NQ strength
[15:21] {lumdus} i want it above 116
[15:21] {lumdus} in 116.03
[15:21] {lumdus} atop 115.87
[15:21] {Threei} .86
[15:22] {magoo} '.04
[15:22] {bruce} leco dino
[15:22] {lumdus} vad, you in ?
[15:22] {Threei} yes, and the funniest thing is,
[15:22] {Threei} my price is .035
[15:22] {Threei} just between you and magoo
[15:22] {lumdus} wow !
[15:23] {Threei} hmmm
[15:23] {lumdus} yeah, not like
[15:24] {Threei} double bottom or bust
[15:24] {magoo} christis that it?
[15:24] {lumdus} i didn't like break of 116.00
[15:24] {Threei} ok, do you like cross back?
[15:24] {lumdus} now i feel much better here we go
[15:25] {magoo} death by a thousand cuts
[15:25] {lumdus} offering to sell 116.70 ha haa
[15:25] {dino} yeah pretty much magoo 8 stops
[15:25] {Threei} finally
[15:25] {magoo} where u thinking vad..i suk'
[15:26] {Threei} thinking I am not
[15:26] {Threei} half out
[15:26] {Threei} stop to under 116
[15:26] {lumdus} chicken
[15:26] {Threei} let it trade
[15:26] {magoo} out ,26
[15:26] {magoo} ty but f
[15:26] {Threei} full?
[15:26] {lumdus} ok, i got .10 trailing stop now.
[15:27] {lumdus} out .17 + .14
[15:28] {magoo} full what?
[15:28] {Threei} who is chicken now?
[15:28] {magoo} full lot?
[15:28] {Threei} out full position?
[15:28] {lumdus} i am fried chick...
[15:28] {magoo} yes and no
[15:28] {Threei} hmmm
[15:28] {lumdus} yes, out full here.
[15:28] {Threei} you are one complicated dude
[15:29] {lumdus} actually liquidty was very good with the trade. triple lot
[15:29] {lumdus} why you say complicated ?
[15:29] {Threei} not you... magoo
[15:29] {Threei} [15:28] {magoo} yes and no
[15:29] {magoo} i went out full and reloadeedc rd two
[15:29] {Threei} oh
[15:29] {Threei} out
[15:30] {Threei} .78
[15:30] {dino} spike
[15:30] {magoo} out .71
[15:30] {Threei} now, tell me... was it good read or what about one more leg down and then reversal
[15:30] {magoo} awesome, but..........
[15:30] {Threei} always but...
[15:31] {dino} dji going green
[15:31] * magoo slaps Threei around a bit with a large trout
[15:32] {magoo} DINO, WHERES MY BREW
[15:32] {dino} lol i'm trying to hold out until 4:00
[15:33] {magoo} so what.i'm not
[15:33] {bruce} how did you pick 116 for reverse vad?
[15:33] {magoo} vad, again
[15:33] {Threei} I didn't pick price
[15:33] {Threei} it was sharp selloff that required one more step down to complete panic
[15:34] {magoo} ahhhhhhhhhhh
[15:34] {magoo} beer
[15:34] {Threei} when this step down materialized, first strength was to buy
[15:34] {Threei} cross back over 116 showed just that
[15:34] {Chaeron} nas nuts
[15:35] {Chaeron} what happened? I was away for a minute
[15:35] {lumdus} ok, now ready to short appl
[15:35] {Threei} nothing really... just market being it latest self
[15:35] {bruce} k - can't figure out how you tell how many steps of selling down
[15:35] {lumdus} shor taapl 117.93 stop 118.10
[15:35] {Threei} one more spike AAPL
[15:35] {bruce} sure was one heck of a bounce in market
[15:36] {lumdus} nah, i should be fine :)
[15:36] {magoo} good man
[15:36] {magoo} was tyhinking that
[15:36] {lumdus} i guess not, stopped .12
[15:36] {lumdus} what a spike this was .. damm
[15:36] {dino} green sheesh
[15:37] {dino} watch the dji go up to hod
[15:37] {bruce} would all that green have anything to do with auto short covering?
[15:37] {Threei} whew
[15:37] {Threei} .40 short, .95 cover
[15:38] {Threei} too fast to post
[15:38] {magoo} sh .20
[15:38] {magoo} out
[15:39] {lumdus} sh .40 stop
[15:39] {lumdus} .61
[15:40] {lumdus} i think this is called revenge trading .. so i better stop soon .. but ..
[15:40] {lumdus} common get back down little boy
[15:41] {lumdus} stop appl b/e .41 .. enough
[15:41] {lumdus} common wrong way appl
[15:42] {bruce} is there a qid long trade here vad?
[15:43] {lumdus} vad, this time i know chicken ..
[15:43] {Threei} bruce, this spike upset all patterns known to humankind
[15:43] {bruce} k
[15:43] {lumdus} yes, my quotes can't even keep up there..
[15:43] {lumdus} ok, stop 118.05
[15:44] {Threei} quotes are OK, ask if need anything
[15:44] {lumdus} stp 117.85
[15:45] {lumdus} where we at .. appl ?
[15:45] {lumdus} damm crap stuck ..
[15:45] {Threei} 117.78
[15:45] {Threei} .81
[15:45] {lumdus} my thingy triggered already
[15:45] {Threei} ok
[15:46] {lumdus} out 117.85 +..40 ?
[15:46] {Threei} lum, you are trading stocks your software can't handle
[15:46] {Threei} told you about it alreadyt
[15:46] * magoo slaps lumdus around a bit with a large trout
[15:46] {lumdus} not my software, my laptop ..
[15:46] {lumdus} oh, +.55 - good
[15:46] {magoo} dino said"u short aaple mags?"
[15:46] {bruce} put in more memory lum
[15:46] {bruce} should help
[15:47] {magoo} i said"cyber can't handle it dino" lol
[15:47] {Threei} you were lucky enough to be away on couple very active days when your brokerage experienced troubles keeping up
[15:47] {Threei} one day you won't be that lucky
[15:47] {lumdus} sh appl again 118.50 stp .61
[15:48] {lumdus} vad, i talk soon .. watching my crap here.
[15:48] {dino} lol
[15:48] {magoo} vad, got anything into bell?
[15:48] {Threei} ABK
[15:48] {lumdus} stop on aapl .49 break even
[15:49] {lumdus} vad, my brokerage have trailing stop, that why i like it.
[15:49] {lumdus} out aapl .19
[15:49] {bruce} sheesh vad - we just needed to hold that long in rimm a little longer
[15:49] {Threei} I suspect that was the news that propped market
[15:49] {Threei} you are very mistaken on it lum, IMO
[15:49] {lumdus} +.31 ..
[15:49] {Threei} trailing stop you apply makes no sense
[15:49] {Threei} it trails by certain amount of cents
[15:49] {Threei} this is not the way to trail it
[15:50] {Threei} stop should be trailed as and where new support levels are formed
[15:50] {lumdus} I know, but for my style , when a stock runs i don't have good control - has worked for me very well . I am not as controlled as you are.
[15:50] {Threei} not by formal amount of cents
[15:50] {Threei} the sdame way as original placement is not done by cents but by chart copnfiguration
[15:50] {lumdus} vad, yes - but think of aapl like now. I need that trailing - because it's wacky. i put it in walk away ..
[15:50] {Threei} hell
[15:51] {Threei} who walks away while trading AAPl
[15:51] {Threei} you are kidding :)
[15:51] {lumdus} i do , with trailing stop
[15:51] {Threei} what can I say
[15:51] {Threei} this is not the way to do it
[15:51] {lumdus} you see once it breaks support and start to run , i put the trailing stop and walk away.
[15:52] {Threei} you think it works because you haven't tracked it properly
[15:52] {Threei} want fresh example?
[15:52] {Threei} your trailing stop took you out of that long
[15:52] {Threei} when there was no slightest reason to exit
[15:52] {Threei} not at high, not at stop, not at sign of reversal
[15:53] {Threei} just in the middle of nowhere
[15:53] {lumdus} ok, but at least it protects me from loses. that's what i focus on.
[15:53] {Threei} [15:26] {lumdus} ok, i got .10 trailing stop now.
[15:53] {Threei} [15:27] {lumdus} out .17 + .14
[15:53] {Threei} this one
[15:54] {lumdus} right +.14 is better then negative
[15:54] {Threei} from losses - put your initial stop in if you suspect you may get overwhelmed by emotions
[15:54] {Threei} but to trail it like this is incorrect
[15:54] {Threei} no lum... sorry, this is wrong way to look at it
[15:55] {lumdus} ok, will need to redo myself here.
[15:55] {Threei} let's talk about it more next week
[15:55] {lumdus} ok.
[15:56] {lumdus} damm this market what a reversal that was
[15:56] {Threei} glad we got this trade on th last hour
[15:56] {Threei} made up for boring afternoon
[15:56] {Threei} thank you all
[15:56] {lumdus} oh yes, that was awesome finight to the wek. made up for all day
[15:56] {Threei} have a great weekend
[15:56] {lumdus} you too vad. take care
[15:56] {Threei} see you on Monday
[15:56] {bruce} rimms going up like rocket still
[15:56] {Threei} :)
[15:57] {dptl} have a good weekend all
[15:57] {dino} up 104
[15:57] {dino} 240
[15:57] {dino} +
[15:59] {magoo} hey vad..really..AWESOME read ionto bell
[15:59] {Threei} ty
[15:59] {dino} stick a fork in me.
[15:59] {magoo} i made 1k on it
[15:59] {dino} glad this week is over
[15:59] {Threei} see... trade should come to you
[15:59] {magoo} over 3 trades of course
[15:59] {Threei} perfect
[16:00] {Threei} don't force it
[16:00] {magoo} that was the yes and no
[16:00] {Threei} try to seek it actively, and you find yourself pushing it
[16:00] {Threei} wait for it to come to you, it happens naturally