Tuesday, March 11, 2008

Mar 11 2008

Session Time: Tue Mar 11 00:00:00 2008

[08:31] {Threei} JAN US TRADE BALANCE: -$58.2B V -$59.5BE
- Prior revised from -$58.8B to -$57.9B
[08:33] {magoo} morning, still had to use alternate server, sigh
[08:33] {Threei} hi mags
[08:33] {Threei} some can use regular one, some have to go to reserve
[08:33] {Threei} not sure why propagation is taking that long
[08:34] {Threei} usually when it happens, 3 days is enough for eliminating issue for everyone
[08:53] {Threei} not only big market move but has a sustainable look so far too
[08:55] {Threei} BSC, what a move
[08:58] {cosmo} shell game?
[08:59] {cosmo} ie....new terminology?
[08:59] {dptl} good morning all
[08:59] {Threei} dp :)
[08:59] {Threei} who knows cosmo
[09:00] {Threei} Fed lends 200 B
[09:00] {Threei} that's an awful lot of liquidity pumped in
[09:00] {Threei} staves off immediate financial worries
[09:00] {cosmo} beware of liquifaction i say
[09:03] {magoo} why everything gapping so big? news?
[09:04] {Threei} posted headline earlier
[09:04] {Threei} here is full text
[09:04] {magoo} i see, siorry
- Increases swap lines with ECB to $30B and SNB to $6B (represents increases of $10B and $2B respectively).
[09:04] {Threei} - Accepting agency and private mortgage debt as collateral and non-agengy AAA/Aaa rated private MBS's (Represents about $340B of increased liquidity offered by the Fed in the last week).
[09:04] {Threei} - "TSLF" = Term Securities Lending Facility (28-day primary dealer lending facility) Auctions set to begin on 3/27/08 and will be held on a weekly basis.
[09:04] {Threei} - ECB states it will offer further USD liquidity to banks in March.
[09:04] {Threei} - Fed states it also coordinated with Bank of Canada, BOE and ECB in this operation.
[09:05] {Threei} look at TMA
[09:06] {Threei} mbi
[09:06] {Threei} abk, bsc
[09:06] {Threei} financials are popping
[09:07] {Threei} market thinks it's a right move by fed
[09:08] {cosmo} CROX
[09:08] {cosmo} pre mkt high = 19.50 fwiw
[09:08] {Threei} QCOM
[09:08] {Threei} BOOSTS DIVIDEND 14.2% TO $0.16 FROM $0.14; ANNOUNCES $2B BUYBACK (3.17% OF MARKET CAP)- Effective for quarterly dividends paid after March 28.
[09:09] {Threei} oil and gold drop
[09:09] {Threei} USD strength
[09:09] {Threei} NQ consolidation of JBE type
[09:10] {Threei} did Fed finally hit the right note?
[09:11] {magoo} dunno..i know sometimes these big gap mornings are hell to trade
[09:12] {Threei} true
[09:14] {magoo} but, if IF the momo continues..we need to look at usual suspects and ride the wave..even if for only a day
[09:15] {Threei} that's where we always look... the big if is that IF :)
[09:16] {cosmo} ....as if there is no tomorrow...
[09:16] {magoo} thats why i said it twice boss
[09:19] {magoo} the shorts must be p@ssed vad
[09:21] {ThurstonHowellTheThird} gm all
[09:21] {Threei} thtt :)
[09:21] {Threei} I know I would magoo
[09:27] {dino} gm
[09:27] {Threei} dino :)
[09:28] {magoo} RIMM level 2 really moving
[09:28] {GeoArb} good morning
[09:29] {Threei} goe :)
[09:29] {Threei} geo
[09:29] {magoo} your game :)
[09:32] {bruce} rvbd long break vad?
[09:32] {bruce} forget it
[09:32] {Threei} I don't see any setup on it at this point, just jump out of the gate
[09:33] {bruce} agreed - too late
[09:33] {bruce} wheres lum? - his kind of morning
[09:33] {magoo} csiq and coin up too..not in
[09:34] {magoo} aapl pulled or pulling back
[09:34] {bruce} add skf to watch dino
[09:35] {magoo} wow..its hammered bruce
[09:35] {bruce} you bet mags
[09:35] {bruce} we have pullback in rimm now vad
[09:36] {Threei} I am wastching if it gets closer to 96.50
[09:36] {dino} ultra short bruce
[09:36] {bruce} k vad
[09:37] {magoo} 96.50 support area vad?
[09:37] {Threei} can try .81 long now if holding above .70
[09:37] {magoo} how about aapl vad?
[09:38] {Threei} fast selling under .50 on RIMM gets interesting
[09:39] {Threei} one more leg down and will be impossible to resist
[09:39] {magoo} like 95.75 area?
[09:39] {magoo} or lower?
[09:39] {bruce} looks like those long pushes on open not holdning vad
[09:39] {Threei} too late, jumped
[09:40] {magoo} aapl day low
[09:43] {Threei} QCOM .19 short if holding under .30
[09:45] {esemde} ah ha....finally in...good morning
[09:45] {Threei} ese :)
[09:46] {Chaeron} GM all...
[09:46] {Threei} chaeron :)
[09:46] {Threei} 1:1 QCOM
[09:49] {Threei} 1:a lot
[09:49] {Threei} out in full
[09:49] {magoo} nice vad
[09:49] {Threei} will calculate later
[09:51] {Threei} BLOG
[09:51] {Threei} half lot long on .70 break
[09:51] {Threei} .45 stop
[09:58] {dino} grmn l .75 sm
[09:59] {Threei} BLOG over 1:1
[10:00] {dino} sm l smts .81
[10:06] {Threei} BCS .49 short if stays under .70
[10:11] {Threei} stop .61
[10:20] {dino} grmn stop to b/e
[10:23] {Chaeron} .
[10:24] {Threei} out
[10:24] {dino} grmn to .25
[10:24] {bruce} stopped bcs
[10:25] {dino} out grmn .35, +.60
[10:25] {bruce} initially misread that vad - thought yuou had posted bsc
[10:27] {Threei} BSC looks more like long
[10:27] {Threei} but volatility is horrific
[10:28] {dino} smts stop to .34
[10:31] {dino} expect slip, to .49
[10:32] {dino} out .48, smts +.67
[10:32] {bruce} exactly
[10:33] {Threei} RIMM short with stop above .50
[10:34] {bruce} vrsn long vad? - not sure there is enough volume
[10:34] {Threei} I wouldn't bruce
[10:37] {Threei} NQ is ready to drop it seems
[10:39] {bruce} k
[10:39] {bruce} s rimm at .25
[10:39] {Threei} wow... sold BLOG too soon
[10:42] {Threei} die already RIMM
[10:42] {Threei} half out from .36
[10:42] {magoo} rimm entry u get??
[10:43] {magoo} oops
[10:43] {Chaeron} .39 here
[10:43] {magoo} ok
[10:43] {bruce} nice vad - my .25 entry was bad
[10:43] {Threei} a bit too far from resistance yeah
[10:44] {dino} teloz
[10:48] {bruce} out of rimmsky - tiny win
[10:49] {Chaeron} die already market......
[10:49] {dino} lol chaer
[10:55] {Threei} out RIMM balance
[10:56] {Threei} starts looking like long on .50 break
[10:57] {magoo} in rimm l
[10:57] {Threei} stop under .30
[10:57] {Chaeron} in
[10:58] {Chaeron} go already market........ :)
[10:58] {Threei} lol
[10:58] {magoo} hey..u wanted die :)
[10:58] {Threei} market is badly confused chaeron, mixed messages by you
[10:58] {Chaeron} yeah... like it doesn't do the same to me...
[10:59] {dino} teloz sm l .20
[10:59] {dino} wide risky
[11:00] {magoo} power upppppppppp
[11:03] {Threei} can't decide between scalp and hold, lol
[11:06] {Threei} come on NQ, blast through 1710
[11:07] {Threei} 1:1
[11:07] {Threei} 1.5:1
[11:07] {Threei} lol, my math abilities get challenged
[11:07] {Threei} 1:2
[11:07] {Threei} out
[11:07] {Threei} that's 4 out of 5 today
[11:08] {Threei} on a big gap day which are never easy
[11:09] {Threei} you all are silently pocketing profit or fell asleep and forgot to sell?
[11:09] {Chaeron} I don't believe it..... got confused for a sec... hit buy @ .87 thinking I was covering short when I was long from .52... hit market sell immediately and made an additional 3 cents...... *whew*
[11:09] {Chaeron} I need a vacation....
[11:09] {Threei} lol
[11:09] {dino} teloz stopped
[11:10] {Threei} see, trying to confuse market you ended up confusing yourself
[11:10] {Chaeron} now it goes to 98
[11:10] {magoo} still in
[11:10] {Threei} as russian saying goes... don't dig the hole for someone else for you are the one likely to fall in it
[11:10] {Chaeron} oh... many thanks Vad... nice one... slow but nice
[11:11] {Chaeron} that one sounds better in Russian.. :)
[11:11] {Threei} RIMM slow... who would have thought we were to hear that ever
[11:12] {magoo} out 96
[11:12] {magoo} TY vad
[11:12] {tomg} me too, ty vad
[11:12] {ThurstonHowellTheThird} I wish I would've played RIMM :(....but still good morning on other trades :) thanks Vad
[11:13] {Threei} welcome guys
[11:13] {magoo} U DA MAN
[11:13] {Chaeron} there will be more Mr. Howell
[11:14] {GeoArb} quick question ....do people here use a separate charting software than their execution platform?
[11:14] {ThurstonHowellTheThird} I'm kinda sketchy 'bout RIMM APPL.....old war wounds
[11:14] {GeoArb} for e.g esignal AND laser
[11:15] {Threei} why Geo
[11:16] {Threei} laser has its own charting
[11:16] {Chaeron} nice ones too :)
[11:16] {GeoArb} i guess its my distrust holdover from my futures trading days
[11:16] {Threei} I see no need for axtra expense
[11:16] {GeoArb} never show setups on execution...... so curious
[11:17] {GeoArb} ok
[11:17] {ThurstonHowellTheThird} esignal is excellent but too expensive unless you're making consistant $$$
[11:17] {GeoArb} i have tradestation with some programmed patterns... so wondering if i need it
[11:17] {GeoArb} will trade thru laser though
[11:18] {Chaeron} never a slow ex on Laser with me Geo... too fast sometimes... (cause of my second doubts :)
[11:18] {GeoArb} ok
[11:18] {GeoArb} thanks guys
[11:20] {bruce} personally geo - I just use laser - hate the charts though - esignal is much cleaner and easier to read
[11:20] {magoo} personnally, laser charts are by far best i've used
[11:20] {magoo} been w/ 5 other brokers too before laser
[11:21] {bruce} don't want to spend money on extras now but would get esignal if capital allowed
[11:21] {GeoArb} thanks for the tips... starting to close down tradestation
[11:21] {GeoArb} 5k stuck there for no reason
[11:21] {ThurstonHowellTheThird} Its better to get used to chartware like Lasers...I know some guys that get used to the luxuries of esignal and then cant go back to basic chartware ever again
[11:21] {GeoArb} true
[11:22] {GeoArb} i have wasted months on ninja... then realized i was enjoying programming it more than trading so left :)
[11:22] {GeoArb} simplify
[11:23] {bruce} if you do any longer term trades it's nice to have a wekly chart - and laser doesn't even have that at all
[11:23] {GeoArb} i can always use my longtermbroker for that
[11:23] {GeoArb} thanks
[11:23] {GeoArb} dont want to distract you guys from making money too much :0
[11:23] {Threei} iof you ned weekly chart why would need any software at all?
[11:24] {Threei} go to yahoo or any other financial webpage
[11:24] {Threei} and get it for free
[11:24] {dino} indeed
[11:24] {GeoArb} yes
[11:24] {Threei} it's not like you need weekly chart real time
[11:24] {magoo} u gonna get it now bruce : )
[11:24] {bruce} true vad - justa nuisance to look up diferent places
[11:24] {Threei} 15 min delay is acceptable I'd think :)
[11:25] {Threei} I'll be damned if I pay for whol,e other charting package to avid that nuisance :)
[11:25] {GeoArb} i must say this is one of the most focussed rooms i have been in
[11:25] {Threei} avoid
[11:25] {GeoArb} thanks guys
[11:26] {dino} you won't thank us when your memory goes
[11:26] {dino} :)
[11:27] {dptl} wm news or what?
[11:27] {dino} y
[11:27] {Threei} HEARING RENEWED RUMORS THAT WM WILL GET A CAPITAL INFUSION FROM WARREN BUFFETT - today's rumor is that Buffett will infuse about $3B into WM through a 9% convertible security
[11:27] {dptl} oh...ty
[11:27] {magoo} WaMu?
[11:28] {Threei} over 1.5 points on vague rumor?
[11:28] {bruce} bsc may bounce near here dino
[11:29] {magoo} RIMM may xplode..mot in yet
[11:29] {dino} hmmm bsc, might be easier to short wm
[11:30] {magoo} ii sent warren email...my acct needs modest capital infusion
[11:30] {dino} lol
[11:31] {magoo} hey vad..have u noticed imprionvemt in my typing?
[11:31] {magoo} been taking a class
[11:31] {Threei} I did too but I probably shouldn't have informed him that I intended to disappear in thin air forever after that infusion
[11:31] {dino} just what we need, more from magoo
[11:31] {Threei} I suspect that could make him a little hesitant
[11:31] {Chaeron} "imprionvemt " - what a word to mess up on in that last post.. LOL
[11:31] {bruce} nvda possible long setup here
[11:32] {Threei} chaeron... I was getting myself off the floor about that :)
[11:32] {Threei} certain imprionvemt mags... but got more work to do still
[11:32] {dino} snmx
[11:32] {Threei} goods start though
[11:35] {bruce} out nvda - qucik scalp +.10
[11:36] {dino} gj
[11:37] {bruce} lol peanut trade dino but stop was only 3c
[11:38] {dino} it all adds up
[11:38] {bruce} yes
[11:41] {Threei} I for one never ignored those
[11:41] {bruce} any thoughts on rimmsky as retracement long vad?
[11:41] {Threei} when I see little but very clear and reliable scalp I grab it
[11:41] {bruce} looks like support about .50 with trend up now
[11:41] {Threei} no, not very clear bruce
[11:41] {bruce} k
[11:41] {Threei} can work or fail with the same odds
[11:42] {Threei} and stop is not as negligible that could grab it for the little risk alone
[11:42] {bruce} I like it long here - market not helping though
[11:45] {GeoArb} one more Q :) trade the news text vs briefing?
[11:45] {GeoArb} any tips?
[11:46] {Threei} brie4fing is not exactly news service
[11:46] {GeoArb} ok
[11:46] {GeoArb} seems TTN is 85 after realitytrader discount for equities
[11:46] {Threei} hmm?
[11:46] {Threei} that sounds very high
[11:47] {Chaeron} 45
[11:47] {Chaeron} for text only
[11:47] {GeoArb} https://www.tradethenews.com/subscribe.asp
[11:47] {GeoArb} they seem to have realllly bumped it up
[11:48] {GeoArb} 45 is marco and fx now
[11:48] {GeoArb} macro
[11:49] {GeoArb} thats almost dowjones newswire prices
[11:52] {dino} bcs bstop to .10
[11:53] {dino} cov .09, +.41, smaller size, wider
[11:53] {Threei} not sure what gives geo, first time I see these prices
[11:54] {Threei} I have name and phone of their rep somewhere, can dig it out for you if you want to give him a call
[11:54] {ThurstonHowellTheThird} inflation?
[11:54] {ThurstonHowellTheThird} :)
[11:54] {Chaeron} Joe Pedo
[11:55] {magoo} don pepino
[11:55] {dino} don paublo
[11:55] {GeoArb} yup just spoke to him
[11:55] {bruce} out rimm +.23 - quick scalp from .17
[11:55] {dino} gj
[11:55] {Threei} what did he say?
[11:55] {GeoArb} joe.... he said "prices hae gone up" i said it would have been nice to let me know while i am on trial
[11:55] {dino} ehth
[11:55] {GeoArb} they doebled over weekend :0
[11:56] {magoo} bastards : )
[11:56] {Threei} these are "don't blink" times eh
[11:56] {GeoArb} he is going back to see "what he can do for me"
[11:56] {GeoArb} i told him for 90 bucks why not get dowjones realtime?
[11:56] {Chaeron} 212/884.8094 - Joe Pedo direct... tell him Vad sent you :)
[11:57] {GeoArb} yeah thats the guy
[11:57] {GeoArb} he knows
[11:57] {dino} vivo fast fall
[11:58] {Threei} tell him he can halve the price for you
[11:58] {GeoArb} :)
[11:58] {Threei} that would lead to your satisfaction
[11:58] {GeoArb} i told him not good practice tro keep me on trial while doubling in background
[11:58] {GeoArb} heh
[11:58] {Threei} aso who hasn't heard yet - over next weekend RT doubles in price
[11:59] {GeoArb} i am grandfathered for life !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[11:59] {Threei} actually... why bother, make it triple
[12:00] {ThurstonHowellTheThird} I would understand if the price of Vodka tripled...
[12:00] {magoo} whats RT vad??
[12:00] {GeoArb} oops
[12:00] {dino} ahhh, tequila too th3
[12:00] * Threei slaps magoo around a bit with a large trout
[12:00] {GeoArb} he said anyone on trial before this weekend will get grandfathered in at 45
[12:00] {GeoArb} rst 85
[12:00] {Threei} :)
[12:00] {GeoArb} phew.... wheat prices really affected it
[12:00] {Threei} lol
[12:00] {GeoArb} thanks vad
[12:00] {Threei} damn ethanol
[12:02] {dino} ehth l sm .90
[12:02] {bruce} stop drinking the stuff vad
[12:03] {dino} lol
[12:03] {dptl} lol
[12:03] {Threei} fine... if you all insist... back tro bathtub vodka
[12:06] {bruce} and russian moonshine
[12:06] {curtisweese} woot! back
[12:07] {bruce} was your kinda morning curits
[12:07] {curtisweese} yeah i bought 4000 shares of microsoft last night.......paid off huge....whew
[12:08] {curtisweese} 28 entry and 28.75 exit
[12:08] {curtisweese} not smart, but lucratrive ...lol
[12:08] {curtisweese} does rimm look like a short right here? i've been playing it for a bit
[12:08] {bruce} we noticed
[12:09] {curtisweese} mrkt is taking it up still looks like
[12:11] {curtisweese} s RIMM really tight stop....(i'm a newbie though!) 95.57 is what i entered at
[12:13] {Threei} hi curtis
[12:13] {curtisweese} hey!!!
[12:15] {bruce} you keep teling us you're a newbie
[12:15] {bruce} and picking off 50c in trades plus curtis
[12:15] {curtisweese} i don't want anyone to lose money on something i say.
[12:15] {bruce} we're all so sorry for you
[12:17] {bruce} vad - rimm long on .70 break w 20 stop?
[12:17] {Threei} not delighted bruce
[12:17] {dino} lay him out bruce, lol
[12:17] {bruce} k
[12:17] {bruce} suck a lemon vad
[12:18] {curtisweese} out on RIMM short -$.1
[12:18] {bruce} will cheer you up
[12:22] {magoo} i think rimm dgonna go
[12:22] {curtisweese} short RIMM 95.74 hehehhe
[12:22] {magoo} u won't be laughing
[12:28] {curtisweese} out on RIMM short +$.21
[12:28] {curtisweese} should have sold half only, but was scared :(
[12:28] {magoo} good read on it : )
[12:28] {magoo} laugh away
[12:28] {bruce} you were right vad - long din't hit one to 1 on that one
[12:28] {curtisweese} i was about to do it and then you said it too, so that was enough for me to tap the button...lol
[12:29] {curtisweese} maybe my exit was right point....looks to bounce back now with market
[12:30] {ThurstonHowellTheThird} curtis: so you are saying magoo is contrarian indicator for RIMM? :)
[12:30] {curtisweese} lol
[12:30] {curtisweese} i think we get a .20 pop hear for the teacup handle
[12:31] {curtisweese} bought 95.46
[12:34] {curtisweese} out on RIMM -$.10 again
[12:36] {curtisweese} i think my stop was too tight....sigh
[12:38] {curtisweese} or not......whew!
[12:38] {bruce} stop looking pretty nice now isn't it?
[12:38] {curtisweese} yes....very
[12:38] {curtisweese} now it is short city
[12:39] {bruce} yes - seems so
[12:39] {curtisweese} then back up again then down then up then down
[12:39] {bruce} may bounce on 95
[12:46] {curtisweese} yeah, i think market may take some profits and RIMM lose $1 with it, but i hate doing those long shorts.....way too scary
[12:46] {magoo} naz double bottom here vad?
[12:47] {Threei} breakdown is equally probable here
[12:47] {Threei} don't pish it right now
[12:47] {Threei} push
[12:48] {Threei} it's a kind of defining moment for today,
[12:48] {Threei} bear takes over again or bull stumps it out
[12:48] {dino} ehth stopped -.44
[12:48] {Threei} my personal bet would be on bear
[12:48] {judi} ............................................................................................................
[12:48] {Threei} but I don't want to get between them right now
[12:48] {magoo} waiting for u and "the pitch" as coach dino would say
[12:49] {curtisweese} s RIMM again...hehehe... 95.02
[12:51] {curtisweese} out at 95.02...just paid the $7 trade fee and bailed......chickened out!! doh
[12:51] {judi} still looking rimm? long or short?
[12:52] {curtisweese} darn! i'm such a chicken...sigh
[12:53] {curtisweese} would have been a huge play
[12:55] {Threei} this is what sent indices up just now
[12:55] {Threei} IMO... this bounce won't hold
[12:56] {curtisweese} s RIMM again 95.06
[12:56] {Threei} BSC rumors were largely discounted as unsubstantil before this news
[12:57] {curtisweese} too early...doh!!!
[12:57] {judi} just did rimm .10 long
[12:57] {Threei} sheesh... you guys are all so trigger happy :)
[12:59] {Threei} amazing timing whoever did that headline... just when market lost important support and was ready for a plunge
[13:00] {magoo} plunge control team vad
[13:00] {Threei} if that's them, gotta give it to them...
[13:01] {curtisweese} that one hurt. -$.23 on short...doh
[13:01] {dino} efut
[13:01] {Threei} curtis, wait a second before entering next one
[13:01] {Threei} let me say couple words
[13:02] {curtisweese} ok....
[13:02] {Threei} promise you won't hit entry until I am done? :)
[13:02] {curtisweese} yes
[13:02] {Threei} 'cause with you it's alway a question, you know, lol
[13:02] {curtisweese} hahaha
[13:02] {Threei} this last entry on a short side was IMO pure impulsive trade on your part
[13:02] {judi} what's lol?
[13:03] {Threei} never take the trade like this on price alone
[13:03] {curtisweese} laugh out loud
[13:03] {Threei} laughing out loud, judi
[13:03] {Threei} here is what I mean
[13:03] {Threei} some trades allow for particular very defined setup
[13:03] {Threei} in such cases we call it to the cent,
[13:03] {Threei} like:
[13:04] {Threei} .51 trigger, .129 stop
[13:04] {Threei} but then there are others,
[13:04] {Threei} they have general idea of the trade, for instance:
[13:04] {Threei} short bounce into resistance 25.50
[13:04] {Threei} on this kind you don't go just off the price .50,
[13:05] {Threei} you need action to confirm that resistance holds
[13:05] {curtisweese} ahh
[13:05] {Threei} as an example:
[13:05] {Threei} stock bounces into .50,
[13:05] {Threei} can't break it,
[13:05] {Threei} retreats to .40,
[13:05] {Threei} bounces into .50 again,
[13:05] {Threei} can't break it
[13:05] {Threei} and loses .40
[13:05] {Threei} This is where you get your short on .40 breakdown
[13:05] {judi} referring to a specific stock as example?
[13:06] {Threei} If however you try to short of the price alone
[13:06] {curtisweese} i'm too greedy and trying to get the extra .10 which is wrong
[13:06] {Threei} you run risk to short into pure buying
[13:06] {Threei} and stock will simpl,y run you over cutting through that resistance
[13:06] {Threei} no judi, describing typical scenario
[13:06] {curtisweese} how about a team short now? :)
[13:07] {Threei} have a look at RIMM right now
[13:07] {Threei} .60 closest resistance,
[13:07] {Threei} .45 closest support
[13:07] {Threei} you want a structured meaningful short - short break of support IF resistance is holding
[13:07] {Threei} then you have nicely defined stop above .60
[13:08] {Threei} and good chance for your tarde to work
[13:08] {Threei} it's up to trading gods whether it works or not of course
[13:08] {Threei} but you did your part
[13:08] {curtisweese} i shorted it at .4
[13:08] {Threei} and have a look ... you got 1:1 already
[13:09] {Threei} with that short into spike you didn't even have a criteria for a stop placement
[13:09] {curtisweese} out +$.18
[13:09] {Threei} as chart never showed any indication of the nearest resistance.
[13:09] {Threei} don't shoot from the hip, structure your trades
[13:09] {curtisweese} should have done half, but am gunshy ...which is good!
[13:09] {Threei} you have one good book in your possession
[13:10] {Threei} which describes the process of structuring the trade in such details
[13:10] {Threei} that I want to shake author's hand if/when I meet him
[13:10] {Threei} read it, follow it
[13:10] {Threei} it's not there just for show, trust me
[13:11] {judi} which book?
[13:11] {Threei} The Master Profit Plan
[13:11] {Threei} I know curtis has it
[13:11] {Threei} (I also suspect he never bothered to read more than table of content)
[13:11] {judi} author? you?
[13:11] * Threei is hiding under the nearest rock
[13:11] {Threei} yes, lol
[13:12] {dino} lol
[13:12] {curtisweese} hahahahah...no, i've read about half of books.....went through all videos though....next week i finish everything
[13:12] {dino} bruce efut
[13:12] {Threei} cool beans curtis
[13:12] {curtisweese} i have to take off early for dr appt today.....blech!!!
[13:13] {Threei} I hope blech is not the diagnosis
[13:13] {dino} no, beans are the problem
[13:13] {Threei} oh boy... crawling under the desk laughing
[13:19] {curtisweese} bought RIMM breaking through 95.61
[13:19] {judi} still looking at rimm?
[13:21] {curtisweese} out +.$.10
[13:21] {curtisweese} just getting back the .10 i lost earlier
[13:21] {curtisweese} now for the .20 i lost
[13:26] {curtisweese} in on RIMM from 95.82
[13:27] {curtisweese} .out on RIMM +.11
[13:27] {magoo} boy that guy can dance
[13:29] {judi} vad are we watching rimm, resistance became 96.01, now keeping going up or what?
[13:29] {bruce} you shorted efut dino?
[13:30] {Threei} I don't have any clean setup here for it
[13:30] {dino} couldn't get it
[13:31] {judi} that's what we want to understand, we see it go and want to jump in, know it's wrong
[13:31] {Threei} the reason for entry is a valid setup in terms of one's sytem, not simply the fact of the movement
[13:31] {bruce} k
[13:32] {bruce} watching wlp for long dino
[13:33] {dino} ouch
[13:34] {bruce} still a short at moment
[13:35] {dino} aet may be safer
[13:35] {dino} masi bounce in the mking
[13:36] {dino} darn patrial fill 100 at .30
[13:38] {curtisweese} RIMM looks to hve bounced off resistance....i'm in at 96.07 for the short
[13:39] {bruce} aet looks good
[13:39] {bruce} long .70
[13:39] {bruce} stop .62
[13:40] {curtisweese} out on RIMM short +.09 only
[13:41] {curtisweese} i will try and get back before close.....thanks for the lessons Threei....you da man!!!!@2
[13:41] {curtisweese} should have stayed with that short...doh
[13:42] {judi} what's doh?
[13:42] {curtisweese} homer simpson
[13:43] {curtisweese} cartoon "The Simpsons"
[13:44] {dino} cracking me up
[13:54] {judi} nvda set up? earlier cup handle?
[13:55] {Threei} questionable one
[13:55] {judi} k
[13:55] {Threei} has a chance to work if NQ stages big move
[13:55] {Threei} but overall, it's a bit narrow today
[13:55] {Threei} would require a lot of help from market
[13:56] {judi} good to know
[14:00] {magoo} can someone here convert millimeters {mm} to inches for magoo??
[14:00] {Threei} how many mm?
[14:00] {magoo} 740 mm
[14:00] {bruce} rimm long at .97 if holding 96}85?
[14:01] {bruce} invalid
[14:01] {magoo} id rather play it on pullbk bruce
[14:01] {Threei} 29.134 inch
[14:01] {bruce} k
[14:01] {magoo} TY boss
[14:01] {Threei} that's an additional service by RealityTrader
[14:02] {magoo} 1 more please....802 mm
[14:02] {Threei} we will convert your metrics to those wird measurement units
[14:02] {Threei} 31.574
[14:03] {magoo} nice...ty really
[14:12] {curtisweese} i'm late! just bought miscrosoft to sit on while at the doctor....hehehhehe...29.90 entry
[14:12] {curtisweese} i mean 28.90!!!
[14:12] {Threei} you just can't stay in cash, can you?
[14:13] {curtisweese} i don't like missing the big moves :(
[14:13] {curtisweese} the up ones that is
[14:13] {curtisweese} i live in seattle...everyone owns msft but me
[14:14] {bruce} you do no curtis
[14:14] {bruce} now
[14:14] {curtisweese} at least for a little bit
[14:15] {bruce} vrsn holding at highs vad
[14:15] {dino} masi stop to .50
[14:15] {Threei} almost carbon copy of NQ
[14:16] {dino} carbo copies, blast from the past
[14:16] {dino} carbon
[14:16] {curtisweese} i pushed dr appt back so i have more time
[14:17] {Threei} I would play it only if NQ makes shrp move and VRSN follows witrh little delay for entry
[14:17] {curtisweese} run MSFT run!!!
[14:20] {dino} to .60 stingy
[14:20] {curtisweese} there is a big windstorm at my house right now and my power goes out a lot, so msft is a lot safer too. (hears Vad say "not as safe as cash" in his head)
[14:21] {dino} out masi .61, +.31
[14:21] {curtisweese} dino....nice!!!
[14:21] {dino} ty
[14:21] {dino} brb
[14:22] {curtisweese} msft breaking 29 will be a nice run, market is gonna drop though
[14:28] {Threei} RIMM wirth a try long here
[14:28] {Threei} stop under .85
[14:29] {Chaeron} in .01
[14:29] {magoo} in .06
[14:29] {dino} scor bruce
[14:30] {Threei} no worky
[14:35] {curtisweese} come on Bill Gates, get your company moving!!!!
[14:35] {Threei} {Bill Gates} have we met?
[14:36] {Threei} great... RIMM shakeout
[14:36] {curtisweese} hahaha...i've been to his house actually.....didn't meet him though...i sold his people that run his house a copier. :)
[14:36] {Threei} pullback is buyable RIMM
[14:36] {Threei} as close to 97 as possible
[14:37] {magoo} mkt moving it bvad
[14:37] {magoo} aapl too
[14:37] {curtisweese} msft too...woohoo!!!!!!
[14:37] {Threei} this is string move, likely to get follow-through
[14:37] {Threei} strong
[14:38] {curtisweese} RIMM is really moving though...nice
[14:38] {Threei} just one more pullback please for us get entry
[14:38] {Threei} does what I was aimed at, just with one pullback too many
[14:38] {magoo} want me to take it long here..will certainly pullbk then??
[14:39] {curtisweese} at the day high too....will run if it can
[14:39] {Threei} it should even without your self-sacrifice :)
[14:39] {curtisweese} but msft drops...grrrr
[14:39] {curtisweese} rimm is on the move!
[14:39] {judi} rimm short/long on pullback, when?
[14:40] {curtisweese} nasd hits high for day too
[14:40] {Threei} no way to short it
[14:40] {Chaeron} *sigh*
[14:40] {judi} too late to get in
[14:40] {curtisweese} it might run up $3 or someting then your short would hurt bd
[14:40] {curtisweese} bd = bad
[14:42] {curtisweese} aapl running too
[14:42] {curtisweese} market running big
[14:42] {dino} wlp lod
[14:43] {curtisweese} all 3 at high of day!! dow nasd s&p
[14:44] {curtisweese} come on msft break 29 darnit! :(
[14:45] {curtisweese} slaps the msft around like Vad slaps curtisweese around
[14:45] {dino} lol
[14:45] {curtisweese} cramer is saying the rally will be a multiple day one based on 20 years of research he did today....only 1 time not true he is saying...thats bullish
[14:46] {curtisweese} market likes it
[14:48] {judi} no pullback on rimm? just get in long
[14:50] {curtisweese} jeez msft just will not break 29
[14:50] {magoo} judsi..rimm copuild kill fast
[14:50] {magoo} careful
[14:50] {bruce} out vrsn +.24 first half
[14:51] {curtisweese} aapl looks to slide back down
[14:52] {dino} remember, sell the rips
[15:07] {Chaeron} 1
[15:09] {magoo} vad, rimm long into bell herre?
[15:11] {magoo} MAGOO kicks vad to wake up
[15:11] {magoo} as he sleeps thru largest point gainer of 08
[15:12] {Threei} relax mags
[15:12] {Threei} I don't have a read on it at the moment
[15:12] {Threei} and when I do, trust me, I am not going to keep it secret
[15:12] {magoo} i can't..curtis came over to my office...hes pusdhing me to trade
[15:12] {Threei} fight him off
[15:13] {Threei} I'll mail you 2x4
[15:13] {Threei} look at NQ and RIMM last 10-15 min or so
[15:13] {Threei} see something unusual?
[15:13] {magoo} no
[15:13] {Threei} look again:
[15:13] {Threei} RIMM made new high
[15:13] {Threei} while NQ stayed within range
[15:14] {Chaeron} so far, NQ has a lower high
[15:14] {curtisweese} back from dr! what i miss?
[15:14] {Threei} it means that we have no leading indicator for RIMM
[15:16] {curtisweese} time for me to cheer microsoft on again as it didn't hit my tight stop while i was gone....run msft run!!!!
[15:16] {curtisweese} i'm bringing good luck...get ready fro rally time ...go market!
[15:16] {dino} cvco sm s .95, jumpy
[15:17] {bruce} like your enthusiasm curtis
[15:17] {curtisweese} i love hearing everyone saying that this up day is nothing and we are surely going down....lookis more and more like capitulation..
[15:18] {curtisweese} (crosses fingers)
[15:18] {Threei} maybe it's nothing, maybe it's something... who cares, the move in front of us and we play it
[15:18] {curtisweese} msft breaks 29!!! don't look back buddy!! run!!!!
[15:18] {Threei} I love those crystal-ball-endowed gurus
[15:18] {dino} trade in the now
[15:19] {magoo} bear needs to trick everyone into putting their cash back in mkt...maybe up few days...then POW..bear trap crushed
[15:19] {curtisweese} yessssssssssss
[15:20] {Threei} .66 RIMM long
[15:20] {Threei} watching pullback for stop placement
[15:20] {cosmo} scss
[15:21] {Threei} if loses .40 would rather go for pullback entry
[15:21] {curtisweese} runnnnnnnnn
[15:22] {magoo} don't push because of nme vad
[15:22] {Threei} why not? I need someone to blame
[15:23] {magoo} true dat
[15:24] {Chaeron} in
[15:24] {Chaeron} .66
[15:24] {magoo} yup
[15:24] {curtisweese} chaeron...nice ride with threei!!!
[15:24] {bruce} out vrsn in full
[15:25] {bruce} +.57 second half
[15:25] {Chaeron} {the whole room} noooo... no pressure Vad... just GIVE US A TRADE DAMN IT!!!!!!!
[15:25] {Chaeron} geeeesh
[15:25] {Chaeron} :)
[15:25] {Chaeron} and make it work!!!!!!!!!!
[15:26] {Threei} good one bruce
[15:26] {Threei} bruce will call them
[15:26] {Threei} me go sleep
[15:26] {Chaeron} you can't.. you're in RIMM
[15:26] {Threei} so what
[15:26] {Threei} me go sleep
[15:27] {dptl} good one Bruce......scaleped ones too
[15:27] {Threei} me wake up
[15:27] {Threei} me take profit
[15:27] {Chaeron} or just go to the Dr.... LOL
[15:27] {Chaeron} I'm too chicken to ever do that
[15:27] {dptl} Thurston.....wake up...
[15:28] {curtisweese} i'm gonna hold msft over night again if the market holds up...woke up to $2800 profit on it...lol......
[15:28] {bruce} thanx dp
[15:28] {bruce} lucky
[15:28] {curtisweese} totally lucky
[15:28] {dino} gj bruce
[15:28] {bruce} thanx dino
[15:28] {curtisweese} tight stop though
[15:28] {bruce} thanx vad
[15:29] {dino} what did you do bruce, get an easy button?
[15:29] {bruce} just let it play out dino
[15:29] {dino} :)
[15:29] {magoo} magoo stix rocket in rimm butt..likes fuse
[15:29] {magoo} OUT .87
[15:30] {curtisweese} nice magoo!!!
[15:30] {bruce} stock did what I thought -
[15:30] {magoo} TY
[15:30] {bruce} wtg mags
[15:30] {Threei} out .93
[15:30] {magoo} u mean the rocket??
[15:31] {Threei} everyone's happy with this try on RIMM?
[15:31] {Threei} or do I have to keep that 2x4 handy still?
[15:32] {bruce} for rimm or the traders vad?
[15:32] {magoo} i want anotherrrrrrrrrrr
[15:32] * Chaeron hiding
[15:32] {magoo} .93 great exit btw
[15:32] {GeoArb} i got laser running .... too giddy
[15:32] {Threei} for SOME traders bruce {G}
[15:32] {Threei} ok geo... now be careful OK?
[15:33] {Threei} this is a cannon... easy to shoot your foot off
[15:33] {Chaeron} start small shares geo till you get used to it... it's fast
[15:33] {GeoArb} 100 is my limit
[15:33] {Chaeron} k
[15:33] {curtisweese} out on msft for now....market confusing me....+.19
[15:34] {bruce} you confused curtis?
[15:34] {curtisweese} lol
[15:34] {dptl} 27 min to EOD
[15:34] {bruce} unbelievable
[15:35] {GeoArb} vad do you have updated screen setups i could use?
[15:35] {bruce} I'm done for day
[15:35] {GeoArb} for laser?
[15:35] {bruce} dogs been waiting for their wqalk
[15:35] {magoo} u no longer a newbie now curtis.WE ALL CONFUSED her
[15:35] {magoo} her=here
[15:35] {dptl} i think me too Bruce
[15:35] {GeoArb} layouts i mean
[15:38] {curtisweese} lol..bought back in on msft at where i exited 29.01
[15:39] {curtisweese} surge into close...come on market...we love you
[15:41] {dino} drop imo
[15:45] {Threei} Geo, how may screens?
[15:45] {dino} scor s .90
[15:45] {GeoArb} i have 4
[15:45] {GeoArb} and a laptop :D
[15:45] {Threei} I can mail you mine then
[15:46] {GeoArb} perfect.... thanks
[15:46] {curtisweese} I just have a commodore64 and one screen
[15:46] {Threei} as soon as I can let 2x4 go
[15:46] {GeoArb} i just have an atm screen :)
[15:46] {aimm} can you mail it to me too 3i
[15:47] {Threei} sure, dcc me your e-mail please so I don't dig it out
[15:47] {GeoArb} geoarb@gmail.com
[15:47] {dptl} vrsn just can't stop
[15:47] {dino} i'm using a typewriter
[15:48] {curtisweese} i'm buying worldcom
[15:48] {Threei} sent
[15:49] {curtisweese} aapl popping
[15:49] {magoo} vad, don't forget the sound when trade executes
[15:50] {magoo} gun click
[15:50] {GeoArb} got the email
[15:50] {GeoArb} thanks vad
[15:50] {curtisweese} market wants to go up soooo bad.....come on rally week....we miss you
[15:50] {curtisweese} new high for nasd now
[15:50] {GeoArb} so vad... does the layout come with your balance :D
[15:51] {curtisweese} new high for nasd and sp500
[15:51] {curtisweese} oh man, close at the high msft...please
[15:52] {Threei} yes geo but it's reflected as what you owe me
[15:52] {magoo} man RIMM was animal off 95 area
[15:52] {GeoArb} heheh
[15:52] {Threei} (you asked for it)
[15:52] {magoo} asked for it/// ok
[15:53] * magoo slaps GeoArb around a bit with a large trout
[15:53] * magoo slaps curtisweese around a bit with a large trout
[15:53] {GeoArb} sushii!!!!!
[15:53] {curtisweese} bows
[15:53] * magoo slaps judi around a bit with a large trout
[15:53] {Threei} you guys are crazy
[15:53] {dino} cov cvco .55, +.40
[15:53] {curtisweese} closing at the high....do i hold...... :(
[15:53] {Threei} hi pit, finally
[15:54] {Threei} look private message please
[15:54] {dino} scor bstop to .96
[15:54] {aimm} vad i can't open the attachment
[15:54] {Threei} you don't need to open it
[15:54] {dino} stopped scor -.07
[15:54] {curtisweese} i'm holding msft over night.....just broke through like 6 week resistance...technicals are there, vad!
[15:55] {Threei} save it to your harddrive so you know ehere it is
[15:55] {Threei} then click File - Local Laout - Open
[15:55] {Threei} and brows to where you saved it
[15:55] {Threei} doublclick it
[15:55] {Threei} and Laser will open this layout
[15:55] {magoo} VAD..the click..i cant trade without it.seriously
[15:56] {GeoArb} hmmmm
[15:56] {GeoArb} now i want it
[15:56] {dino} calling it a day, thx all, some good ideas
[15:56] {Threei} take care dino :)
[15:56] {magoo} done..great day TY vad,..everyuone..twice my goal
[15:56] {curtisweese} dino...see ya... :)
[15:56] {Threei} twice???
[15:56] {curtisweese} msft is still running up....
[15:56] * Threei doubles magoo's payment for the room
[15:57] {GeoArb} pennies for a newbie magoo?
[15:57] {judi} closing for the day, check in tomorrow!
[15:57] {Threei} OK guys
[15:57] {Threei} thank you all
[15:57] {Threei} have a great evening, I'll see you tomorrow
[15:57] {dptl} and yet another good day.....Ty Vad and all...have a good evening:)
[15:57] {GeoArb} thanks vad... and thanks all for the tips
[15:57] {Threei} wait dp!
[15:58] {curtisweese} i will play your tips tomorrow vad, i promise :)
[15:58] * Threei slaps dptl around a bit with a large trout
[15:58] {magoo} wait
[15:58] {Threei} no go
[15:58] * magoo slaps dptl around a bit with a large trout
[15:58] {dptl} i knew that lol
[15:58] {curtisweese} jeez, i made almost almost $5k today!!!!
[15:59] {curtisweese} that is about 10 times my goal
[15:59] {magoo} NICE
[15:59] {curtisweese} well i haven't sold yet, so only $4k...lol
[15:59] {curtisweese} msft is running!!!
[16:00] {curtisweese} all 3 close at the high of the day
[16:01] {Threei} say what?
[16:01] * Threei multiplies curtis's payment by 10
[16:01] {curtisweese} dow nasd sp500 all pretty much at high of day
[16:09] {dino} twti
[16:10] {curtisweese} wow...that popped
[16:10] {dino} hpv trial success
[16:10] {curtisweese} jeez that could be huge
[16:11] {curtisweese} isn't it like 1 in 10 have hpv is some form?
[16:11] {dino} dk
[16:11] {dino} ok, gotta hop, take care all
[16:12] {curtisweese} later
[16:36] {curtisweese} man i love trading