Thursday, March 13, 2008

Mar 13 2008

Session Time: Thu Mar 13 00:00:00 2008

- Prior Initial Jobless Claims revised from 351K to 353K
[08:31] {Threei} *FEB ADVANCE RETAIL SALES: -0.6% V 0.2%E; LESS AUTOS: -0.2% V 0.2%E
- Prior Advanced Retails Sales revised from 0.3% to 0.4%
[08:31] {Threei} - Prior less autos revised from 0.3% to 0.5%
[08:42] {cosmo} JASO
[08:47] {dino} gm all. question, anyone here ever deal w/natural gas leases?
[08:48] {Threei} hi dino
[08:48] {dino} 3i :)
[08:49] {cosmo} natural gas releases?
[08:49] {Raven} 3 rofl
[08:50] {Raven} 3 gm cosmoski :)
[08:50] {cosmo} environmental scientist here
[08:50] {Raven} 3 sigh
[08:50] {cosmo} R:)
[08:50] {cosmo} well.... used to be anyway
[08:51] {dino} lol cos
[08:51] {dino} bunch of companies in area trying to buy rights to natural gas thru leases
[08:52] {Raven} 3 what kind of companies ?
[08:52] {magoo} morning
[08:52] {dino} chesepeak for one
[08:53] {Raven} 3 what is the question dino ?
[08:53] {dino} anybody ever sign one?
[08:54] {Raven} 3 they want to lease rights on land that you own ?
[08:54] {dino} gas rights, yes
[08:54] {Raven} 3 I owned limited partnership interests in a few Mich oil wells ,,,
[08:54] {Threei} magoo :)
[08:55] {cosmo} dino have gas?
[08:55] {dptl} good morning all
[08:55] {Threei} dp :)
[08:55] {dino} always
[08:55] {Raven} 3 lots of gas leases in Mich too ... thelandowners do OK ... except the end up with stinky gas wells on their property
[08:56] {dino} ok thanks.
[08:56] {Raven} 3 and pipes and roads and debris
[08:57] {Raven} 3 and rigs and trucks and people
[08:57] {dino} of course
[08:57] {Raven} 3 great for the environment
[08:57] {cosmo} actually... it is...
[08:58] {Raven} 3 I'll bite ... how so ?
[08:58] {dino} well, imo better than importing
[08:58] {cosmo} gods creatures, doing gods work...
[08:59] {Raven} 3 rofl ... I love it
[08:59] {cosmo} thaking pressure off inside of the earth...
[08:59] {cosmo} taking
[08:59] {Raven} 3 right
[08:59] {Raven} 3 :)
[08:59] {cosmo} somebody's got to do it
[09:00] {Raven} 3 yur killin' me ...
[09:00] {Raven} 3 I need some tea ... brb
[09:00] {cosmo} see why i had to retire early?
[09:00] {dino} the seriousness of this room, lol
[09:00] {Raven} 3 CLEARLY !
[09:03] {magoo} R
[09:03] {magoo} A
[09:03] {cosmo} SIGM pre mkt high = 22.35 fwiw
[09:03] {magoo} V
[09:03] {magoo} E
[09:03] {magoo} N
[09:03] {cosmo} ...oops....sorry
[09:04] {cosmo} try it again mags
[09:05] {Raven} 3 back ... LOL
[09:06] {magoo} N
[09:06] {Threei} rule: before hitting enter, look carefully lest you break magoo's chant
[09:06] {magoo} E
[09:07] {magoo} V
[09:07] {magoo} A
[09:07] {magoo} R
[09:07] {magoo} dammit : )
[09:07] {Threei} rofl
[09:07] {Raven} 3 poor MAGOO
[09:07] {cosmo} gee
[09:07] {dptl} lol
[09:18] {bruce} market meltdown continues - so much for fed saving day
[09:18] {esemde} morning
[09:18] {GeoArb} good morning
[09:19] {bruce} hi ese geo
[09:19] {Threei} bruce, ese, geo :)
[09:20] {Threei} they can maufacture all they want bruce... as we stated many times, this is BEAR and it be hungry. No one can fight the market, even fed
[09:20] {bruce} yep
[09:20] {bruce} looking like a nasty bear
[09:20] {bruce} about time though really
[09:21] {bruce} well dino - looking good - negotiate those leases OK and you can retire
[09:21] {esemde} Who is N E V A R?
[09:21] {bruce} just don't build your retirement home on them
[09:21] {esemde} ahhhhh raven backwards
[09:21] {esemde} clever clever
[09:22] {Threei} couple general words guys
[09:23] {Threei} I view this market as an incredible learning opportunity for everyone involved,
[09:23] {Threei} make no mistake, this is crisis of historic proportions
[09:23] {bruce} thats 12 words vad
[09:23] {bruce} 10 too many for me
[09:23] {Threei} and market behavior refllects it
[09:24] {Threei} When you go through the conditions as we have now
[09:24] {Threei} and come out ahead or at least unharmed
[09:24] {Threei} your experience is going to be invaluable
[09:24] {Threei} and when "normal
[09:24] {Threei} conditions return
[09:24] {Threei} you are going to be much more prepared to benefit.
[09:25] {Threei} Street hurts badly,
[09:25] {Threei} not many are able to handle such trading well,
[09:25] {cosmo} babies, bathwater ...everywhere...
[09:25] {esemde} tks
[09:25] {Threei} it takes a lot of skill, understanding, corectly tuned psyche to be comfortable in these waters
[09:26] {ThurstonHowellTheThird} gm all
[09:26] {esemde} v
[09:26] {Threei} thtt :)
[09:26] {ThurstonHowellTheThird} gm all
[09:26] {bruce} hey thtt
[09:26] {esemde} should be tks Vad
[09:26] {Threei} I amgoing to write an extensive blog post about this
[09:26] {bruce} maryann got picked up on dope charges
[09:26] {Threei} will let you know when it's up
[09:26] {bruce} probably gilligans influence
[09:26] {Raven} 3 maryann is a dope ?
[09:27] {bruce} thanx vad
[09:27] {ThurstonHowellTheThird} yes she's been led astray by gilligan
[09:27] {dino} she was pretty hot in her day
[09:27] {bruce} sheswhat 69 and still smoking weed?
[09:27] {bruce} lol
[09:27] {bruce} agreed dino - I liked her
[09:28] {dino} girl next door thing
[09:28] {bruce} yeah
[09:28] {cosmo} poor maryann
[09:28] {dino} ok, end of days again, saddle up
[09:28] {bruce} did I ever tell you about my girl next door?
[09:29] {dino} nope
[09:30] {bruce} story for another day
[09:30] {bruce} in short - she was hot too
[09:31] {bruce} vad - we don't want these uncertain markets to discourage you from posting 1 buck winning trades
[09:31] {Threei} no way
[09:31] {Threei} just keep your stops and everything will be fine
[09:32] {Threei} look at our trades over last week or two
[09:32] {bruce} aapl short?
[09:32] {Threei} we had average stop size what, about 15 cents?
[09:32] {dino} sell the rips huh guys
[09:32] {magoo} like my compliment to u yesterday vad..agree
[09:32] {Threei} with wins ranging from 10 cents to 50 and more, and wins outnumbering losses
[09:33] {Threei} that's our way to stay solvent, liquid and ahead of the game
[09:33] {Threei} not yet bruce,let opening volaitity subside a little
[09:34] {bruce} k
[09:34] {Threei} it will bounce like crazy any second now
[09:34] {magoo} are looking to play bounce long? or short bounce?
[09:34] {Threei} how about that?
[09:35] {Threei} neither, waiting for charts to start making sense
[09:36] {Roman} 21 EFUT on radar, had earnings
[09:36] {Threei} let me reapeat: how about that? re: AAPL
[09:37] {magoo} sahould have p[layed it
[09:38] {Threei} and risk getting caught in such violent move on a wrong side?
[09:38] {Threei} there is no way to keep reasonable stop when it moves like this
[09:38] {dino} slap him vad
[09:38] {magoo} no..but u had the read..
[09:38] {Threei} risk control comes firsat, profit considerations second
[09:39] {Threei} well... I wouldn't call "any swecond now" a reliable or very precise read :)
[09:39] {dino} watching aet, wlp
[09:39] {dino} fstr
[09:41] {bruce} wlp looks long
[09:41] {Threei} AAPL .50 break long if holding above .30
[09:41] {bruce} too layr
[09:42] {Threei} no entry on the way back if missed it
[09:42] {dino} y, but mkt drops sti;;l
[09:42] {Threei} let it drop closer to 124 or under
[09:43] {dino} -300 day patience
[09:43] {bruce} how come no enty on way back down in that case vad ?
[09:44] {Threei} that was pure "break for scalp", not a trade for a stronnger trend that would warrant pullback entry
[09:45] {bruce} k
[09:45] {Threei} I amnot sure why you deemed it "too late" bruce... it was .54 - .55 for a few after alert
[09:45] {Threei} quite buyable
[09:46] {bruce} was referring to wlp vad
[09:46] {Threei} oh, sorry
[09:46] {bruce} jumped right after I noted it looked long
[09:46] {Threei} I didn't comment on exit at the time thinkingeveryone missed entry
[09:47] {Threei} short idea AAPL now
[09:47] {Threei} 124 closest resistance
[09:48] {bruce} we waiting for trigger or just short close to 124?
[09:48] {Threei} in
[09:48] {dino} wlp l .35, stop .09
[09:48] {Threei} no trigger
[09:49] {Threei} stop .15
[09:51] {Threei} stopped
[09:52] {dino} out wlp .59, +.24
[09:52] {curtisweese} this market is crazy...i think we going ot end up today... :)
[09:53] {Threei} RIMM .50 break long
[09:53] {Threei} if stays above .30
[09:55] {Threei} holding uncharacteristically well while NQ dropping
[09:55] {bruce} hit .28 - still valid?
[09:55] {Threei} yeah, coluple cents is not really invalidation for volatile stocks
[09:55] {bruce} k
[09:56] {magoo} in rimm agg
[09:58] {curtisweese} did rimm break .50?
[09:58] {Threei} no
[09:58] {GeoArb} nope
[09:59] {Chaeron} GM all... just in time to join magoo in a RIMM trade :)
[09:59] {Threei} becomes bounce play now, too far from resistance for break to be valid
[09:59] {Threei} chaeron :)
[09:59] {dino} fwlt
[09:59] {GeoArb} business inventory in one min
[10:00] {Threei} as if anyone doubts it will be bad
[10:00] {dino} tndm
[10:00] {Threei} JAN BUSINESS INVENTORIES: 0.8% V 0.5%E
[10:00] {dino} bsc wants 50.80ish 50 strile
[10:00] {dino} strike
[10:00] {dino} imo, watch 5 and 0
[10:01] {GeoArb} rimm bounce?
[10:01] {Threei} can't find safe entry
[10:01] {Threei} not sure
[10:05] {curtisweese} newbie going RIMM long 99.01 entry turning up for a bit...come on!!!!!!
[10:05] {dino} aet l .50, stop .23
[10:05] {Threei} I don't know curtis...
[10:05] {curtisweese} or not lol
[10:05] {Threei} bit jump NQ, no movement on RIMM
[10:05] {magoo} was stopped on that rimm btw..- $259
[10:05] {Threei} be careful
[10:05] {dino} stopped
[10:06] {bruce} vad - klac long on 37.07 break w .08c stop?
[10:07] {curtisweese} moved my stop to .26
[10:08] {Threei} makes sense to me bruce
[10:09] {curtisweese} moved rimm stop to .32
[10:09] {curtisweese} to .39 now
[10:10] {Threei} good discipline
[10:10] {Threei} KLAC 1:2
[10:11] {curtisweese} to .60
[10:11] {Threei} or 3
[10:11] {magoo} look at that naz
[10:12] {Threei} is this something or what
[10:12] {dino} fwlt l sm .00, wide
[10:12] {curtisweese} rimm stop to .92!
[10:14] {Threei} time to take profit KLAC if anyone is in still
[10:15] {curtisweese} out RIMM trade +$1.34!!!!!
[10:15] {bruce} missed it - didn't get filled
[10:15] {magoo} wow..u really ggot rimm down
[10:16] {bruce} nice curtis
[10:16] {curtisweese} market turned up
[10:16] {curtisweese} couldn't get my last stop placed and cost me .12 but i'm not complaining!
[10:16] {Threei} bruce... something about how you enter isn't right, missing too many of them and some are fairly easy to get
[10:17] {Threei} KLAC was there for a while for grabs
[10:17] {bruce} did .05 bid after break vad
[10:17] {Threei} again?
[10:17] {Threei} why bid?
[10:17] {dino} gj curt
[10:18] {Threei} it's a thick stock, you can get it easily at the offer
[10:18] {Chaeron} nice job curtis
[10:18] {bruce} small stop - less commisssion
[10:18] {Threei} and your stop is ridiculously small, what's a cent or two
[10:18] {dino} fwlt stopped .25, +.25
[10:18] {bruce} ridiculously small is good for me
[10:19] {curtisweese} newbie shorting rimm at 100.36 for scalp (i hope)
[10:19] {Threei} I am sure if you do statistics you will find out that missed opportunities cost you much more than you save on that kind of entry
[10:20] {Threei} fantastic trade curtis, wtg
[10:20] {curtisweese} out RIMM short +.14
[10:20] {curtisweese} moves to fast for me to do half at a time and whatnot
[10:20] {magoo} rimm held that pullbk well
[10:21] {GeoArb} lets ban curtis from using the word newbie !!
[10:21] {curtisweese} sheesh, i could have had another .18 on it that far
[10:21] {GeoArb} :)
[10:21] {bruce} hway long on .20 break w 5c stop
[10:21] {curtisweese} follow me at your own risk.....i get soaked bad a lot.....i just have bigger swings
[10:22] {magoo} sh rimm here
[10:22] {magoo} 100.04
[10:23] {curtisweese} magoo nice timing
[10:23] {curtisweese} i'm in on that too!
[10:24] {curtisweese} out on rimm short
[10:24] {magoo} cioover here.71
[10:24] {curtisweese} +$.29
[10:24] {magoo} + uh...
[10:25] {magoo} .33
[10:25] {magoo} back too even....sigh
[10:25] {magoo} or good i guess
[10:26] {curtisweese} l RIMM now 99.56
[10:26] {dino} flat or up magoo
[10:26] {bruce} l pcp .81 stop .70
[10:27] {magoo} l rimm too
[10:28] {curtisweese} out rimm
[10:28] {curtisweese} -$.10
[10:29] {curtisweese} could have scalped, but got nervous
[10:29] {bruce} out pcp + .18
[10:29] {curtisweese} magoo, you are looking good though!
[10:30] {dino} stay off that stuff
[10:30] {curtisweese} tight stops....doh
[10:33] {curtisweese} rimm looking like it might not not helping
[10:33] {curtisweese} market is confused
[10:34] {dino} grmn l .50 stop lod sm
[10:35] {Threei} I am too curtis
[10:35] {curtisweese} missed my entry....darn
[10:36] {curtisweese} no fill
[10:36] {curtisweese} darn that would have been a sweet short
[10:37] {curtisweese} s RIMM 98.92 risky!!!
[10:38] {Threei} wow
[10:38] {Threei} that's too chasey
[10:38] {curtisweese} risk reward for me on this one.......if it drops past, it will drop huge...finger on trigger to get out
[10:39] {dino} grmn stopped
[10:39] {bruce} 99 id major break vad - but rimm seems toretrace thsoe breaks by a good amount befroe f9ollowing through of late
[10:40] {esemde} Vad ...just thought I would let you know....i'm being interviewed on CFAX 1070 this morning
[10:40] {esemde} just after the 10:00am news
[10:40] {bruce} working fine curtis - too risky for me
[10:40] {Threei} ty ese, will try to tune in :)
[10:40] {curtisweese} out RIMM short +$.34
[10:40] {Chaeron} ese - available on internet? :)
[10:41] {Threei} it used to be...
[10:41] {esemde} good question.....don't know
[10:41] {GeoArb} what topic?
[10:41] {esemde} my historic school Vic high ....and my music program
[10:41] {curtisweese} jeez, MSFT killed me last night...NOT going to be holding overnight anymoree
[10:42] {Threei}
[10:42] {Chaeron} famous last words curtis... lol
[10:42] {esemde} Vic high is the oldest school west of Thunder Bayt Ont and north of San Francisco
[10:42] {curtisweese} gonna buy rimm long again
[10:42] {curtisweese} just not sure
[10:42] {bruce} rimm still looks short to me curtis - but wouldn't be surprised if it goes all the way to 99.50 before it drops again
[10:42] {Chaeron} 10am which time zone ese?
[10:42] {curtisweese} l RIMM 98.95
[10:42] {dino} fwlt l .40
[10:45] {curtisweese} out on RIMM -$.09
[10:47] {bruce} pcp long .95stop .80
[10:48] {dino} risky, l tndm .99, sm
[10:48] {Threei} feels like another market drop is coming
[10:48] {magoo} wow..i felt up
[10:49] {bruce} out pcp +.15 quick one ot 1
[10:49] {curtisweese} s RIMM next pop...around .75?
[10:49] {Threei} with stop above 99
[10:50] {curtisweese} in at .76
[10:50] {Chaeron} joined you at .77
[10:51] {curtisweese} get ready to bail if it goes up!!! :)
[10:51] {curtisweese} market looks up....darn....grrrrrrrr
[10:51] {curtisweese} i'm out on rimm short
[10:52] {curtisweese} -.13 on it
[10:52] {curtisweese} die RIMM not that i'm out
[10:52] {curtisweese} yay!!!
[10:54] {Threei} good boy RIMM
[10:54] {Chaeron} out +.11
[10:54] {curtisweese} okay back in ......98.60 though
[10:54] {Threei} wow
[10:54] {Threei} curtis, this is very impulsive trading
[10:54] {GeoArb} y
[10:54] {Chaeron} got scared with market
[10:55] {Threei} you take stop before stop is hit... reenter at less favorable prices...
[10:55] {curtisweese} i just wanted to trade with everyone :(
[10:56] {curtisweese} i got out alrady again too :(
[10:56] {curtisweese} need to get my head on straight again.....time out time!
[10:57] {Threei} really
[10:57] {curtisweese} i need to be slapped!
[10:58] {Threei} pure emotional trading on these two last ones
[10:58] * ThurstonHowellTheThird slaps curtisweese around a bit with a large trout
[10:58] {curtisweese} thanks! die RIMM die
[10:58] {ThurstonHowellTheThird} sorry, I thiught you wanted a slap
[10:58] {bruce} rimms forming a range now curits - we've got tikmme - can now just wait to see what it does and trade when it tells us what it wants to do
[10:59] {curtisweese} bruce, that makes sense....why force it like Vad said
[11:00] {bruce} see the raqnge? -98.50 to 99.20 - naything betw\een that is chop
[11:00] {Chaeron} forgot tho thank you curtis and Vad for the RIMM scalp
[11:01] {curtisweese} yeah....1 min 2 hour chart is showing it well
[11:02] {bruce} possible long on nvda if breaks .65
[11:02] {bruce} any read on it vad?
[11:02] {Threei} chart wise yes... but I am having hard time seeing anything as long trend contin uation today :)
[11:02] {bruce} k - thanx
[11:03] {Threei} RIMM .60 break short
[11:03] {Threei} .85 stop
[11:03] {Chaeron} shoot..... too fast
[11:03] {Chaeron} damn nice alert tho Threei
[11:03] {Threei} 1:1 in a hurry
[11:05] {dino} fwlt stopped .54, +.14
[11:05] {Threei} S&P REPORT SAYS SUBPRIME WRITE-DOWNS COULD REACH $285B - WIRE HEADLINE- Expects ti see more witedowns in comng weeks and months, end of writedowns are now in sight for major instituitons
[11:06] {curtisweese} l RIMM 99 BREAK
[11:06] {dino} s&p really on the ball, sheesh
[11:06] {GeoArb} wo what just happenned
[11:06] {bruce} theres rimmsky for you - breaks range then pivots w/out givning much -nice play on it vad
[11:06] {Threei} look above Geo
[11:08] {curtisweese} out RIMM +$.23
[11:08] {Threei} long RIMM on cross back over 99
[11:08] {dino} wlp l .25
[11:08] {Threei} .79 stop
[11:08] {Threei} 1;1
[11:09] {Threei} none of these plays are reenter on the way back unless I specifically indicate this guys
[11:10] {bruce} k vad - thanx
[11:10] {Threei} out RIMM in full +.48
[11:11] {Chaeron} thanks Vad... +.48 as well... in @ .01, out @ .49
[11:11] {magoo} me too
[11:11] {Threei} good reflexes guys
[11:12] {GeoArb} i only got a 20 cent slice
[11:12] {Threei} dumped it a bit too soon but heck
[11:12] {GeoArb} but gratefull as a newbie
[11:12] {Chaeron} moving on to the rest of the physical.....
[11:12] {GeoArb} need to learn laser
[11:12] {Threei} they reverse faster than you can say mama
[11:12] {magoo} i was wiuith u..but could not post..fingers on trigg
[11:12] {magoo} fast
[11:12] {Threei} sorry... faster than you can say cnic
[11:12] {magoo} NICE black now TY TY
[11:13] {Threei} welcome sir
[11:13] {Threei} anyone got the joke?
[11:13] {Threei} or is my humor, as usual, not even making anyone desire to understand it
[11:14] {bruce} cnbc?
[11:14] {Chaeron} old schitzo wild trading stock
[11:14] {bruce} oh
[11:14] {Threei} CNIC... new symbol of a stock formerly known as MAMA...
[11:14] {bruce} k - got you
[11:14] {Threei} sigh... Seinfield obviously can sleep well
[11:14] {Threei} me no threat
[11:14] {Chaeron} who? :)
[11:14] {Chaeron} RIMM continuing
[11:14] {dino} fwlt l .75
[11:15] {Threei} thank you chaeron... kind soul :)
[11:15] {magoo} RIMM seems stronger than mkt today vad
[11:15] {Threei} you know, it changes
[11:15] {Chaeron} yeah mags... noticing that too
[11:15] {Threei} on some moves it's stronger, on some shows more wakness
[11:15] {magoo} yeah, sometimes weaker
[11:15] {Threei} look 11:05 bar
[11:15] {Threei} or so
[11:16] {Threei} new low on RIMM while nasdaq was nowhere even close
[11:17] {Threei} also, 11:11 - 12, NQ hits high of the day, RIMM is well under
[11:17] {Threei} not sure there is clean correlation today
[11:18] {Threei} playable following overall but withhigh degree of discretion
[11:18] {Threei} not by standard recipe
[11:18] {curtisweese} we going to buy in on RIMM at 100 though right? lol
[11:18] {magoo} yeah..your right {again}
[11:19] {Threei} curtis... I am scared to answer that 'cause in your case it could mean that you will buy 100.50 :)
[11:19] {curtisweese} hhahahahahaha
[11:20] {bruce} in his case - if he does - it'll go to 102 for him vad
[11:20] {curtisweese} i have a dr appt this morning, so i will be leaving soon and have to call in blind trades to my broker
[11:20] {Threei} if you don't mind to become a center of attention for a min...
[11:20] {Threei} you have no fear
[11:20] {Threei} and this is two-sided sword
[11:20] {Threei} on one side, you enter easily, grab opportunities when see them,
[11:20] {Threei} this is very good thing,
[11:21] {Threei} too may suffer from beiing trigger-shy
[11:21] {Threei} many
[11:21] {Threei} On another side, it can cause a lot of harm unless you get couple principles ingrained
[11:22] {curtisweese} in on RIMM 99.72 (i'm still listening)
[11:22] {Threei} but of course
[11:22] {GeoArb} lol
[11:22] {Threei} :)
[11:22] {Threei} Do no chase too far beyond the trigger
[11:22] {dino} tndm stop to .33
[11:22] {dino} out slip, +.25
[11:22] {dino} .26
[11:22] {curtisweese} def goood advice...i screwed that up big time
[11:22] {Threei} Do not buy so far from where chart says stop should be that you may be forced to exit prematurely or to take too wide stop
[11:23] {Threei} Do not trade for trading sake
[11:23] {dino} out fwlt .35, +.60
[11:23] {Threei} this is not a team sp;ort where participation is value
[11:23] {bruce} dino - wlp looks like long to me on break of .50
[11:23] {curtisweese} move stop to 100.21 on RIMM
[11:23] {curtisweese} rimm is gonna run huge if breaks this resistance
[11:24] {dino} in wlp from .25
[11:24] {bruce} oh-lol- figures
[11:24] {curtisweese} moved RIMM stop to .35
[11:24] {Threei} this time there is no news even to jumpstart such spike
[11:25] {Threei} just when you think, this is it, market finally defined direction, let's short everthing
[11:25] {bruce} l wlp .50
[11:25] {bruce} stop .35
[11:26] {curtisweese} Out on RIMM +$. 95!!!!!
[11:26] {curtisweese} sorry v
[11:26] {Threei} lol
[11:27] {curtisweese} sorry Vad, you are right of course...i would be doing so much better if i just tighten up my discipline a bit......i have another job, so i fogrec trades a lot
[11:27] {Threei} you should be... shameles extraction of the money from poor badly confused investors
[11:27] {GeoArb} i would rather be lucky than skiled
[11:27] {GeoArb} skilled
[11:27] {Threei} if that's not a reason to be ashamed
[11:27] {bruce} stopped wlp
[11:28] {magoo} vad, he riminds me of someone....curtis does............
[11:28] {magoo} let me see.hmmmmmmm....oh yeah......ME
[11:29] {magoo} but i since calmed down big time
[11:29] {Threei} yeah, you used to be this way
[11:29] {Chaeron} sounding philisophical: "there's a little bit of curtis in all of us"...... :P
[11:29] {Threei} rofl
[11:29] {magoo} roflol chaer
[11:29] {curtisweese} hahahaha
[11:30] {GeoArb} thats an ok statement as long as I am not pregnent
[11:30] {Chaeron} lol
[11:30] {magoo} i sorry Geo, are u of the better sex
[11:30] {GeoArb} nope
[11:30] {magoo} as in femnale
[11:30] {GeoArb} just woedplay
[11:31] {GeoArb} word
[11:31] {Chaeron} nice typing mags
[11:31] {Chaeron} :)
[11:31] {magoo} hey u notivced? been trtaking lessons
[11:31] {Threei} ummm
[11:31] {Threei} ask for your money back, IMO
[11:31] {dino} just what we need another magoo
[11:32] {Threei} one is enough dino?
[11:32] {Threei} or one is too much? :)
[11:32] {cosmo} better sex?
[11:33] {dino} ????????
[11:33] {cosmo} good, better, best; never let it rest?
[11:33] {bruce} comes in a pill cosmo
[11:33] {esemde} signing off everyone.......have a great day....
[11:33] {Threei} asylum...
[11:33] {bruce} bye ese
[11:33] {curtisweese} ese, later!
[11:33] {Threei} take care ese, good luck!
[11:33] {dino} had enough es
[11:33] {dino} clmt
[11:33] {esemde} see ya boyzza
[11:33] {esemde} definately....
[11:33] {dino} out wlp .49, +.24
[11:34] {Chaeron} what timezone is his 10am
[11:34] {Chaeron} ?
[11:34] {Chaeron} Ese's that is
[11:34] {patience} west coast, same as you
[11:34] {dino} 10 pm
[11:35] {Chaeron} thanks patience
[11:35] {curtisweese} l RIMM 100.43
[11:35] {cosmo} i have 10:30
[11:35] {bruce} blud on 22 break - risky
[11:35] {cosmo} 8:30
[11:35] {cosmo} confused
[11:36] {curtisweese} stop to .59
[11:36] {curtisweese} moved stop to 101.15 on RIMM
[11:37] {curtisweese} Out RIMM +.68
[11:37] {Threei} wtg
[11:38] {magoo} that does it.............................................
[11:38] {Chaeron} nice curtis
[11:38] * magoo slaps curtisweese around a bit with a large trout
[11:38] {curtisweese} thanks everyone
[11:38] * ThurstonHowellTheThird slaps curtisweese around a bit with a large trout
[11:38] {curtisweese} :)
[11:38] {Chaeron} going for more
[11:38] {ThurstonHowellTheThird} I'm jealous :(
[11:38] {curtisweese} bears make money, bulls make money....pigs get slaughtered! ;)
[11:39] {ThurstonHowellTheThird} :)
[11:39] {magoo} curtis gonna start hius own reoom vad called "trade like a madman...and profit like one too"
[11:39] {dino} oink
[11:39] {curtisweese} but are right!! could have had another .50 so far
[11:39] {dino} sm clmt .53 l
[11:39] {dino} thin
[11:39] {Threei} I'll subscribe magoo
[11:39] {magoo} i gotta hop for 40 back
[11:40] {dino}
[11:41] {curtisweese} RIMM at pivot point again now.....but went up so much just now...i'm nervous
[11:41] {curtisweese} 5 min two day chart shows it
[11:42] {curtisweese} actually already .30 above pivot point in my eyes, so should drop now
[11:43] {curtisweese} dropping down to 101.18 or so, right?
[11:43] {Threei} if you want to short it, .50 nreakdown
[11:44] {curtisweese} i have to get ready for dr appt....might not be back today.....have fun everyone...make some cash!!!
[11:44] {Threei} stop above .70
[11:44] {Threei} take care curtis
[11:44] {Threei} great job
[11:45] {curtisweese} thanks!!!!!
[11:45] {dino} gl
[11:46] {Threei} 1:1
[11:47] {Threei} no takers?
[11:47] {bruce} out rimm short +.22
[11:47] {bruce} thanx vad
[11:47] {Threei} :)
[11:47] {Threei} welcome
[11:47] {GeoArb} 0.28
[11:47] {GeoArb} thans
[11:47] {GeoArb} thanks
[11:47] {Threei} good job guys
[11:47] {bruce} actually +.28 as well
[11:47] {bruce} just over one to one
[11:53] {Threei} 102 break long if holding above .80
[11:54] {Threei} half out +.25
[11:54] {bruce} dino - crtp looks long from here
[11:55] {Threei} stop .95
[11:56] {Threei} held by fingertips, lol
[11:56] {Threei} out
[11:57] {Threei} still feels like has more but I'll wait for more clear setup
[11:57] {bruce} was just going to ask if retrace off102 vad
[11:57] {Threei} US SENATE ENDORSES EXTENSION OF SOME OF PRES BUSH'S TAX CUTS - WIRE HEADLINE- The U.S. Senate voted 99-to-1 Thursday to make room in a five-year budget plan for $341 billion in tax cuts, enough room to extend some, but not all, of the temporary tax cuts enacted in U.S. President George W. Bush's first term.
[11:58] {Threei} closer to 101.50 I would be much more interested bruce
[11:58] {bruce} k-
[11:59] {dino} acor
[12:00] {Threei} putz
[12:00] {Threei} scalped .30 - .55 faster than could alert :(
[12:00] {curtisweese} doh.....stopped in since my dr appt is later than i thought and missed a sweet call .....waaaaaaaaa
[12:01] {Threei} I kno what will make you feel better curtis
[12:01] {Threei} do this:
[12:01] * Threei slaps Laserdave1 around a bit with a large trout
[12:01] {Threei} just ask magoo... this is great relief
[12:02] {curtisweese} i don't know how to slap
[12:02] {curtisweese} :(
[12:02] {Threei} hmmm... maybe it's a good thing... we all regretted it very much when taught magoo how to do this
[12:02] {Threei} mama mia
[12:03] * curtisweese slaps Threei around a bit with a large trout
[12:03] {curtisweese} there we go
[12:03] {Threei} did I tell you to slap me?
[12:03] {Threei} or lasredave?
[12:03] {curtisweese} oh! :O
[12:03] {Threei} some just can't follow instructions {G}
[12:04] {dptl} lol
[12:06] {dino} head fake
[12:08] {curtisweese} l AAPL 125.71
[12:11] {dino} acor
[12:12] {GeoArb} off to work... thanks vad and all
[12:12] {Threei} take care geo
[12:13] {dino} cya goe
[12:13] {curtisweese} out AAPL +$.12
[12:13] {dino} bruce acor
[12:13] {curtisweese} thought it was going to break 126 and run.....grrrrrr
[12:14] {bruce} looking at it dino
[12:14] {dino} 20.50 s?
[12:14] {bruce} big spike - no idea on short etry though
[12:15] {curtisweese} aapl dies
[12:15] {bruce} I'd like to see it go higher yet
[12:15] {dino} clmt stop to .94
[12:16] {curtisweese} l AAPL 125.39
[12:16] {dino} bruce is tough to please i see
[12:16] {dino} :)
[12:16] {Threei} lol
[12:16] {bruce} lol - sorry dino
[12:16] {bruce} just conservative
[12:16] {dino} bustin' ya
[12:17] {bruce} have feeling acor will pop to above 21
[12:17] {dino} major slip clmt out ave .83, +.30
[12:18] {curtisweese} out aapl +$.08
[12:18] {curtisweese} i mean .06
[12:19] {dino} sm s acor .12
[12:19] {bruce} nice dino
[12:19] {dino} rislky
[12:19] {dino} lucky on clmt thin
[12:19] {curtisweese} didn't like action....too early for my exit i think
[12:20] {curtisweese} or maybe perfect exit...woot
[12:20] {curtisweese} perfect exit on a bad entry i mean ;)
[12:25] {magoo} back
[12:26] {Chaeron} I waited for you this time mags..... yeah... sure I did
[12:26] {dino} acor bstop to .93
[12:26] {dino} i'm gonna steal some of his chips
[12:27] {bruce} chips _ thats on the diet dino?
[12:27] {dino} acor cov .91 ave, +.21
[12:28] {dino} no, diet after my b-day
[12:28] {curtisweese} s AAPL 102.36 ....risky!!!
[12:28] {bruce} k - bday = diet free day
[12:29] {bruce} crack the brew
[12:29] {curtisweese} out AAPL short
[12:29] {curtisweese} +$.16
[12:29] {curtisweese} too early big time...sigh
[12:30] {Threei} you sure it was AAPL?
[12:30] {curtisweese} ohhh....RIMM
[12:30] {curtisweese} lol
[12:30] {Threei} :)
[12:30] {curtisweese} hahaha
[12:30] {magoo} i see u proffited w/out magoo
[12:30] {curtisweese} i don't even know what i trade
[12:30] {Threei} sorry mags
[12:30] {dino} b-day, st. patricks' day
[12:31] {curtisweese} gotta go now for sure....see you tomorrow. happy trading
[12:31] {Threei} take care curtis
[12:31] {magoo} WAITTTTT
[12:31] * magoo slaps curtisweese around a bit with a large trout
[12:31] {bruce} take care curtis
[12:32] {curtisweese} hahah
- Chrysler plans to shut down the entire company for two weeks this summer as a cost saving move to "accelerate Chrysler's recovery and transformation" according to CEO.
[12:33] {Threei} - Mr. Nardelli told employees they will have to take vacation for the weeks of July 7 and July 14 "in order to create better alignment and efficiency across organizational lines and boost productivity."
[12:33] {Threei} US HOUSE FINANCIAL SERVICES CHMN FRANK: UNVEILS MORTGAGE AND HOUSING RESCUE PLAN - Plan includes expanded FHA mortgage refinancing, state aid for distressed property purchases
[12:33] {magoo} hmmmmmmmmmm
[12:34] {Threei} all is well in walmart world
[12:36] {dino} airm
[12:36] {Threei} RIMM .50 break long if stays above .30
[12:37] {bruce} nile lookslong on 40 break - thin - risky
[12:38] {dino} hooker spread
[12:38] {dptl} 30c spread Bruce
[12:38] {magoo} in
[12:38] {Chaeron} in RIMM .50
[12:39] {Threei} enough of shakes RIMM... just go to that 103
[12:40] {Threei} hey... Cuba unbanned DVDs and microwaves
[12:40] {Threei} isn't it nice
[12:42] {Threei} sigh
[12:42] {Chaeron} ouch.. stopped
[12:42] {bruce} rats - stopped rimm -.26
[12:43] {Threei} hard to tell if it's a shake or market is actually done
[12:43] {magoo} back in the red
[12:43] {Threei} drop is quite sharp
[12:45] {bruce} lookingb liker possible selloff coming here vad
[12:47] {Chaeron} drill in alaska then
[12:48] {bruce} ts possible short dino
[12:50] {dino} dk
[12:50] {dino} brb
[12:53] {bruce} s ts at .54 stop.64
[12:56] {bruce} stopped ts 11c
[13:01] {cosmo}
[13:02] {cosmo} Montana may be the answer. ...?
[13:04] {Chaeron} ok... so start drilling and building refineries already... $1/gal gas
[13:05] {cosmo} envirocons say no
[13:05] {Chaeron} my question is are there more of them than those that vote otherwise?
[13:06] {cosmo} hmmm....checking
[13:07] {bruce} market pop north
[13:07] {cosmo} petroleum comes up from below faster than we can use it and the petrocons have known this for years, because of all the
[13:07] {cosmo} many long ago capped and exhausted wells they keep finding to be totally recharged...but those ballots are not counted.
[13:10] {Threei} I am getting seasick
[13:11] {cosmo} get back to shore
[13:12] {Threei} now RIMM goes to that 103 eh
[13:12] {Threei} sigh
[13:15] {dino} wlp l .25
[13:16] {cosmo} AKNS
[13:16] {cosmo} 6.18 hod
[13:16] {cosmo} needs to hold here
[13:17] {cosmo} 5.90 that is
[13:18] {dino} stopped -.25
[13:21] {Chaeron} ok RIMM - had your laugh?
[13:24] {dino} sm l bsc .50
[13:25] {Threei} if markert is going to keep this up, then little pullback and another spike from this level
[13:26] {Threei} 103 cross back long if holding above .85
[13:27] {magoo} in
[13:27] {Threei} half out .20
[13:27] {Chaeron} me too...
[13:27] {Threei} come on, make new high
[13:27] {Chaeron} mean me in... not half out
[13:28] {Threei} good, now go
[13:28] {dino} out bsc .10, +.60
[13:28] {Chaeron} 104?
[13:28] {Threei} lol, no idea
[13:29] {magoo} out here .51 TY back in black
[13:29] {Threei} I am out in full .
[13:29] {Threei} .65
[13:29] {Threei} whew
[13:29] {Threei} wtg mags
[13:29] {magoo} nice exit
[13:29] {Threei} notr really says RIMM
[13:29] {Threei} chaeron... don't oversit it
[13:29] {Threei} it's still RIMM :)
[13:30] {Chaeron} RIMM in 102.95 - out 103.72 +0.77... Mucho thanks vad
[13:30] {Threei} welcome sir
[13:31] {magoo} nice chaer
[13:32] {magoo} hey, we all are noway curtis...but we get by
[13:33] {dino} nice 270 pt range dji
[13:43] {bruce} pssible reversal here in twm dino - volatile
[13:44] {dino} ultra short fund, contra-trades w/market
[13:44] {magoo} rimm off 104 vad?
[13:45] {bruce} k
[13:46] {Threei} gotta let market digest things a bit mags
[13:47] {magoo} yeah
[13:47] {magoo} 2:30 powerup
[13:51] {dino} sm s airm .98
[13:54] {bruce} read on alyn break of25.6 vad?
[13:54] {Threei} alyn?
[13:54] {Threei} is it right symbol?
[13:54] {bruce} alny sorry
[13:55] {bruce} taking typing lessons from you
[13:55] {Threei} not really
[13:55] {bruce} k
[13:55] {magoo} RIMM sheesh
[13:57] {dino} vads' next online site,
[13:58] {Threei}
[13:59] {magoo} dljsogjldgjo;gkopgo;j;roj
[14:05] {Threei} quck dive under 104, I'd look for long entry RIMM
[14:07] {Chaeron} did it dip?
[14:07] {Threei} not yet
[14:09] {magoo} .08 low i saw
[14:09] {Chaeron} teasing us
[14:13] {bruce} rimms pretty much done daily range on ave volume
[14:23] {Threei} here come 105
[14:23] {Chaeron} *sigh*
[14:23] {GeoArb} are we in are we in?
[14:23] {Chaeron} oh yeah..... we forgot to tell you.........
[14:24] {Threei} wow... so much excitement :)
[14:24] {Chaeron} in at 104.08 (teasing)
[14:24] * magoo slaps Chaeron around a bit with a large trout
[14:29] {magoo} 105 coming..hard to get entry
[14:30] {curtisweese} back!!
[14:30] {magoo} OY lol
[14:31] {curtisweese} l RIMM 104.57
[14:31] {curtisweese} i'm bacccccckkkkk
[14:31] {GeoArb} yup he is back :)
[14:32] {curtisweese} out RIMM +$.10
[14:35] {curtisweese} market gonna surge or fail at end of day.....hmmm
[14:35] {dino} acor s sm .24
[14:36] {curtisweese} l RIMM 104.39
[14:38] {curtisweese} out RIMM -.06
[14:39] {curtisweese} doh...too early!
[14:39] {curtisweese} or not
[14:42] {curtisweese} s RIMM 104.09
[14:42] {Threei} hmmm
[14:42] {Threei} is curtis back or wehat
[14:43] {bruce} or what
[14:43] {dino} cov airm .58, +.40
[14:43] {curtisweese} out...doh....-.16 on that one....thought it was gonna tank....grrr
[14:43] {dino} lol look at the spike down that filled my layout
[14:44] {curtisweese} boy was i
[14:44] {bruce} still might curtis - let it set up
[14:45] {dino} you might rabbit, you might
[14:45] {curtisweese} one more time....s RIMM 104.45
[14:46] {bruce} asml looking like short
[14:46] {dino} dk
[14:47] {dino} watching the yankees
[14:48] {curtisweese} out on rimm...-$.06 again...grrrrrr
[14:48] {dino} acor stopped .15, +.19
[14:49] {curtisweese} it is just gonna trade in this range for now evidently
[14:49] {curtisweese} okay, l RIMM if break .86
[14:49] {curtisweese} is that right Vad?
[14:50] {Threei} not sure
[14:50] {Threei} probably
[14:50] {Threei} I mean... 55/45
[14:50] {Chaeron} hmmmmm
[14:51] {Threei} ok... 56/44
[14:51] {curtisweese} in at .80....go curt go
[14:51] {curtisweese} uh oh
[14:54] {curtisweese} out RIMM ...-.02
[14:54] {curtisweese} i clicked button on acccident!!! lol
[14:55] {curtisweese} saved me money though
[14:55] {Threei} gosh
[14:55] {Threei} curtis
[14:55] {Threei} may I recommend the trading tool you need the most for at least some parts of the day
[14:55] {curtisweese} what is it?
[14:55] {Threei} duct tape, to tie your hands behind your back :)
[14:56] {curtisweese} hahahahahahah
[14:56] {Chaeron} I was going for something more subtle... like say........ a BRAIN?
[14:56] {Threei} and no hitting mouse button with your nose allowed
[14:56] {Chaeron} teasing curtis
[14:56] {curtisweese} lol
[14:56] {GeoArb} i was going for ass.... to sit on the hands
[14:56] {Chaeron} or to sit on brain.. it's all good
[14:57] {curtisweese} my entry was .80 ...let's see how it plays out
[14:57] {Threei} it's like you have the interests of your broker in heart more than your own :)
[14:57] * Chaeron ducking
[14:57] {Threei} one thing is really good though, jokes aside
[14:57] {curtisweese} upside is huge here for RIMM
[14:57] {curtisweese} there it goes
[14:57] {Threei} you don't have a problem admitting being wrong and taking stop
[14:58] {GeoArb} true....
[15:00] {curtisweese} l RIMM again....105.06....finger not resting on touchscreen mouse this time
[15:00] {dino} back in 10
[15:02] {curtisweese} out again....need it to run...- $.08 this time
[15:07] {Threei} guys, keep that reserve server address handy just in case
[15:08] {Threei} there are reports that main one is unstable
[15:09] {curtisweese} l RIMM 105.19
[15:09] {curtisweese} out RIMM +$.20
[15:11] {Threei} 106 coming or what
[15:11] {GeoArb} so why are we focusing only in RIMM again?
[15:12] {Chaeron} readability and strength comparison to market...?
[15:12] {curtisweese} cuz i'm dumb
[15:12] {Threei} just don't see anything else moving much, that's all
[15:12] {GeoArb} ok good reasons
[15:12] {Chaeron} I have to go all.. see you manana
[15:13] {Chaeron} many thanks Vad
[15:13] {Chaeron} as usual
[15:13] {GeoArb} not being a smartass... generally curious
[15:13] {Threei} take care chaeron
[15:14] {dptl} inwk?
[15:14] {Threei} half lot worth a try
[15:14] {Threei} on an actual break
[15:14] {dptl} ok
[15:17] {curtisweese} try one more short of rimm i 105.27 entry (risky risky risky)
[15:18] {curtisweese} die rimm die!!!1
[15:18] {curtisweese} out RIMM short +.10
[15:20] {curtisweese} s RIMM again 105.28
[15:22] {curtisweese} out RIMM +$.17
[15:24] {curtisweese} l RIMM 104.99
[15:25] {curtisweese} out RIMM +.$40
[15:26] {curtisweese} market gonna surge into close?
[15:26] {Threei} anyone's guess
[15:27] {curtisweese} s RIMM 105.39
[15:28] {curtisweese} out RIMM +.04
[15:28] {curtisweese} .04 makes me only $26 but it's something
[15:30] {curtisweese} l RIMM 105.47 I thnk we surging into close
[15:31] {curtisweese} out -.02
[15:33] {Threei} churning
[15:33] {Threei} vlnc
[15:33] {curtisweese} yeah...might drop looks like....sigh
[15:33] {Threei} sorry, wrong window
[15:33] {curtisweese} vlnc...that was like $2.5 a few weeks ago right?
[15:34] {curtisweese} RIMM up too much....gotta drop more short .46 is my entry
[15:35] {curtisweese} out RIMM +.05
[15:36] {curtisweese} wait...on shorts do i still say + if I made money or should i say -?
[15:36] {Threei} I start missing times when small stocks move
[15:36] {Threei} getting tired of RIMM/AAPL kind
[15:36] {ThurstonHowellTheThird} agree
[15:36] {Threei} gotta go where the activity is
[15:37] {Threei} but market where COIN and VLNC move is more to my liking
[15:37] {curtisweese} coin up over 7% today
[15:40] {Threei} 106 on the deck
[15:41] {curtisweese} i'm gonna bite...(in case there was any doubt) in at .98
[15:41] {Threei} no doubt here
[15:42] {curtisweese} out -.09 on short of RIMM
[15:42] {curtisweese} tried to scalp, but fingers were too slow
[15:43] {curtisweese} if you are on top of your stop losses, is it so bad to jump in all the time on this RIMM kind of stock?
[15:44] {Threei} well... it's pretty much personal preferences...
[15:44] {Threei} but it comes to a question:
[15:44] {Threei} do tyou have a reason for youyr entry giverned by chart
[15:44] {Threei} or you grab something just because it's moving and you can't sdtand not to particpate
[15:45] {curtisweese} no...obviously for me...i know where i'm supposed..or think i do.....but then i miss out on big are right....just don't like sidelines
[15:47] {curtisweese} wow...aapl down $2 in last minutes
[15:48] {curtisweese} in on aapl for scalp 127.96
[15:48] {dptl} out +.10 inwk ty
[15:48] {Threei} gj
[15:49] {dptl} it really took its time
[15:49] {magoo} TY vad, i got off rough start..but made my daily goal of $500
[15:49] {magoo} TY boss
[15:49] {Threei} cool beans mags, wtg
[15:49] {curtisweese} out aapl +$.10
[15:50] {magoo} that RIMM call u had we all took did it
[15:50] {curtisweese} yeah RIMM saved me where MSFT killed me over night
[15:51] {curtisweese} never going to hold over night again ever ever ever
[15:53] {Threei} not in this bipolar market
[15:53] {curtisweese} knew RIMM was going to die , but chicken to short at end of day
[15:55] {curtisweese} in on aapl 127.53 entry last scalp of day
[15:55] {curtisweese} out AAPL +$.20
[15:55] {curtisweese} timed that perfect!!!
[15:56] {Threei} Ok guys
[15:56] {Threei} me exhausted
[15:56] {curtisweese} is it that time?
[15:56] {Threei} thank you all
[15:56] {curtisweese} i have a whole bunch of heart sticky things stuck on me from dr visit
[15:56] {Threei} have a good evening
[15:56] {Threei} see you all tomorrow
[15:56] {curtisweese} bye ...see you tomorrow
[15:57] {Threei} hopefully something else starts playing
[15:57] {dptl} have a good evening all
[15:57] {ThurstonHowellTheThird} gn all
[15:57] {Threei} so RIMM can play with AAPL
[15:57] {curtisweese} wow...that was cool riding that up 1.34 and .85 ....that's when this is really fun!!
[15:57] {Threei} and leave us to other devices
[16:07] {magoo} goodnight all
[16:10] {bruce} night all