Wednesday, July 2, 2008

Jul 02 2008

Session Time: Wed Jul 02 00:00:00 2008

[08:12] {Threei} ACTU
[08:13] {Threei} SUPG
[08:15] {Threei} *JUN ADP EMPLOYMENT CHANGE: -79K V -20KE
[08:37] {GeoArb} gm
[08:38] {Threei} Geo :)
[08:45] {brian3579} morning all
[08:45] {Threei} brian :)
[08:47] {cosmo} SNDK
[08:47] {Threei} bless you
[08:49] {cosmo} 3i gets religion
[08:49] {cosmo} religious too
[08:50] {Threei} not really... until Seinfield suggestion to respond to someone's sneezing with "you are so good looking" is adopted by society, I follow the norm :)
[08:50] {judijim} good morning all
[08:50] {Threei} jj ;)
[09:00] {Threei} website is up and running
[09:00] {Threei} I placed a nice picture for you at and no, it's not a magoo's portrait
[09:03] {magoo} morning
[09:03] {Threei} oh hi magoo :)
[09:03] {tomg} gm all
[09:03] {Threei} tom :)
[09:04] {fernp} Good morning
[09:04] {Threei} fern :)
[09:04] {dino} gm all
[09:04] {Threei} dino :)
[09:08] {dptl} good morning all
[09:08] {Threei} dp :)
[09:08] {Threei} what, no one liked picture?
06[09:09] * Threei throws his camera out of the window
[09:20] {tomg} very nice photo, vad, where taken?
[09:20] {Threei} in Butchart garden
[09:21] {Threei} they have fireworks every Saturday during summer months
[09:21] {Threei} quite spectacular
[09:21] {tomg} was there in the Fall, one year, beautiful place
[09:21] {Threei} exceptional
[09:22] {Threei} I have annual pass, visit often... changes from season to season are very interesting to watch
[09:22] {tomg} you very lucky to live around there, imo
[09:23] {tomg} my wife is Tacoma native, so not far
[09:23] {Threei} well, that was luck created by deliberate effort :)
[09:23] {esemde} morning...whats this about Butchart garden?
[09:23] {Threei} hi ese
[09:23] {Threei}
[09:25] {cosmo} looks like quite a battle...
[09:27] {cosmo} SNDK
[09:27] {cosmo} testing
[09:28] {cosmo} hmm... open break
[09:29] {cosmo} nothing to sneeze at....imo
[09:31] {dino} sm l cenx .02
[09:32] {Threei} watching RIMM for bounce
[09:32] {magoo} good man..
[09:33] {Threei} .61 long if holding .40
[09:33] {Threei} that was fast
[09:33] {magoo} sheesh
[09:33] {Threei} doubt anyone got it but if you did, take profit
[09:34] {tomg} i got it, vad, ty
[09:34] {Threei} wow
[09:34] {Threei} wtg
[09:35] {tomg} :)
[09:35] {magoo} missed
[09:35] {Threei} good reflexes
[09:35] {Threei} COST .95 long if holding above .80
[09:37] {Threei} invalidated
[09:37] {Threei} second round RIMM off sharp dive under 123
[09:37] {Threei} late, don't chase
[09:39] {Threei} RFMD .17 long if melts down
[09:39] {Threei} slow one
[09:39] {Threei} if pulls back before trigger, try to get irt aggressively as close to 3 as possible
[09:41] {Threei} PTEN lost its mind
[09:41] {dino} out dwsn overnight .02, +.67
[09:44] {Threei} .39 short PTEN if stays under .50
[09:44] {Threei} half lot
[09:47] {dino} cenx stopped -.40
[09:47] {Roman} 21 QTWW long off 3
[09:47] {Threei} cover PTEN who got it
[09:50] {Threei} PALM?
[09:50] {Threei} I see no news
[09:51] {Threei} nice QTWW
[09:53] {dino} out yesterday titn flat
[09:55] {dino} apol
[09:56] {Threei} QTWW takes 52 week high
[09:57] {Threei} PTEN bounce long
[09:57] {Threei} .75
[09:57] {Threei} .64 stop
[09:58] {Threei} got target in mind for QTWW Roman?
[09:58] {Roman} 21 out 1/2 QTWW +21
[09:58] {Threei} ty, that answers it
[09:58] {Roman} 21 i don't know vad
[09:59] {Threei} yeah, uncharted territory... last time it was that high was two years ago
[10:00] {Threei} June of 2006
[10:00] {Threei} MAY FACTORY ORDERS: 0.6% V 0.5%E
[10:01] {Roman} 21 IVAN watching long scalp
[10:01] {Roman} 21 slow
[10:01] {Roman} 21 HYGS new high
[10:01] {Threei} HYGS take yesterday's high
[10:02] {dino} sm l bucy .25
[10:02] {dino} wide
[10:02] {kazaam} onxx l .63
[10:03] {dino} nue sm l .53 wide risky
[10:04] {kazaam} guess i am out full at 1:1, not intended, messy fingers!
[10:05] {Threei} entry was perfect
[10:05] {Threei} good looking setup
[10:06] {kazaam} tks
[10:08] {kazaam} here is the part where i wish i was still in
[10:09] {Threei} learning process is a process... not event
[10:09] {Threei} you got entry part right
[10:09] {Threei} move to the next part :)
[10:14] {Threei} PTEN, feel free to take profit
[10:14] {Threei} about 1:2
[10:17] {Threei} AMLN, half lot long .17
[10:18] {Threei} stop for hard core scalpers under .10, I like under 26 more
[10:24] {stevefo} I'm out, really keeping my stops tight
[10:27] {Threei} oil numbers are coming
[10:32] {magoo} this market blows..and it has blown for 6 wks now
[10:33] {Threei} for someone who had best day of the year yesterday...
[10:34] {Chaeron} I was just thinking the same thing :) Good morning all
[10:34] {Threei} chaeron :)
[10:35] {Threei} *DOE CRUDE: -1.98M V -1ME;
[10:35] {Threei} GASOLINE: +2.1M V UNCH. EST.; DISTILLATES: +1.26M V +2ME; UTILIZATION: 89.2% V 89.2%E
[10:35] {Threei} *API Inventory:
[10:35] {Threei} - Crude Inventories: -1.28M
[10:35] {Threei} - Gasoline: +103K
[10:35] {Threei} - Distillate: -10
[10:40] {kazaam} tgc l .37
[10:47] {kazaam} half @ .41
[10:48] {kazaam} other half @ .40
[10:51] {tomg} amln
[10:51] {Threei} tiring
[10:52] {dino} sm fwlt l .38, stop .88
[10:53] {Chaeron} Bloomberg July 2, 2008 - Buffett's Berkshire Has Worst First Half Since 1990 {{{ there you go magoo. Make you feel better about the last 6 weeks? Ol' Warren's had a tough 6 months :)
[10:53] {magoo} vad, any news RIMM?
[10:53] {Threei} no
[10:54] {magoo} ty
[10:55] {Chaeron} REUTERS - NEW DELHI, July 2 (Reuters) - India's telecoms ministry does not see any security risk from Research In Motion's (RIM.TO: Quote, Profile, Research) (RIMM.O: Quote, Profile, Research) popular BlackBerry e-mail service and has no plans to shut the service, a top government official said on Wednesday.
[10:59] {Threei} tomorrow is short day?
[11:00] {magoo} ty chaer
[11:00] {magoo} yes vad, 1 pm close
[11:00] {Threei} ty
[11:00] {Threei} ERII, fresh IPO
[11:01] {Threei} anyone knows what filed?
[11:01] {GeoArb} citi credut suisse
[11:01] {Threei} hmmm
[11:01] {Threei} questionable area to isue IPO right now eh?
[11:04] {dino} fwlt stopped, i pretty much suck so far. taking a break
[11:05] {Threei} JASP
[11:05] {Threei} .75 breakdown short
[11:06] {Threei} if stays under .85
[11:06] {Threei} JASO, sorry
[11:10] {Threei} invalidated
[11:12] {GeoArb} crude day high
[11:13] {Threei} sigh
[11:19] {kazaam} eh, didnt get filled on leh
[11:19] {kazaam} nevermind leh l .06
[11:23] {GeoArb} abk halted
[11:24] {kazaam} half leh +.03, reducing risk
[11:24] {GeoArb} sorry looks like wrong info
[11:25] {GeoArb} atleast its marked halted in my MM
[11:26] {kazaam} other half -.07
[11:29] {Threei} oil threatens new high today
[11:32] {Threei} no, really?
[11:32] {Chaeron} I say just squeeze the two fronts you already have together
[11:35] {magoo} pull our troops out...nuke them all...the heat turns sand to glass...and we can see where oil is to drill
[11:36] {esemde} hmmmmmm seems a plan......
[11:39] {Threei} and while we are solving all world's problems, let's eliminate poverty by nationalizing MSFT and making everyone an ownr
[11:40] {kazaam} gotta love this room, answers in trading and the worlds problems
[11:40] {Threei} just wait to see magoo dancing
[11:41] {Threei} not for faint heart mind you... but the image will be with you forever
[11:41] {Chaeron} can that be found on youtube?
[11:42] {Threei} they took clip off due to sever overload
[11:42] {Chaeron} ah... :)
[11:43] {Threei} as a compensation I wanted to place a recording of me singing... but then decided you can simply scratch a window glass with knife and you'll have a pretty good idea
[11:44] {Threei} RIMM long
[11:44] {Threei} .60 break
[11:45] {Threei} lost .40, invaliadted
[11:48] {Threei} short R .39IMM
[11:48] {Threei} RIMM
[11:48] {Threei} .55 stop
[11:52] {Threei} covered
[11:52] {Threei} .85
[11:52] {Threei} +.50
[11:53] {Threei} no takers?
06[11:54] * Threei goes back to coma
[11:55] {kazaam} we were there for spiritual support
[11:55] {Threei} thank you
[11:55] {Threei} oYil
[11:58] {dino} schn ouch
[12:00] {kazaam} smn long too risky?
[12:01] {Threei} no clear take on it kaz
[12:03] {kazaam} have you guys found the hammer scanner on trade ideas to be useless?
[12:03] {Threei} just never checked it out
[12:03] {Threei} if you see nice setups off it feel free to share
[12:04] {Threei} if there is a consistency, will gladly add it to my 14 windows
[12:04] {Threei} just how much additional troubles 15th could create
[12:04] {kazaam} hehe, will share, but so far there has been nothing good to share
[12:05] {Threei} well, if it gets faded consistently it's a setup too
[12:05] {kazaam} i heard 15 makes you cross eyed
[12:05] {Threei} too late for that
[12:05] {Threei} it happened at 13
[12:05] {Threei} now I am willing to go to 30 if needed
[12:06] {kazaam} wow, i am at 12, good thing you told me
[12:06] {Threei} ah come on, join me in crossed eyes club
[12:06] {Threei} I am tired of being president, accountant, doorman and janitor
[12:08] {kazaam} only if there is some kinda benefits bpackage
[12:10] {Threei} yup... we give out very dark eyeglasses masking your crossed eyes
[12:12] {Threei} dp, look dcc please
[12:24] {kazaam} eev sm l .81
[12:26] {kazaam} half +.29
[12:27] {kazaam} half +.52
[12:28] {Threei} wtg
[12:34] {kazaam} vad, do you trade futures?
[12:34] {Threei} nah
[12:35] {Threei} nothing really wrong with them as long as you keep it as one of vehicles, not the only one
[12:36] {kazaam} what do you mean?
[12:36] {Threei} if you add futures to stocks, fine
[12:36] {kazaam} oh gotcha
[12:36] {Threei} if you want to trade futures only, I doubt it's a good way
[12:38] {kazaam} before i found this room i was trading dow futures only, I wasn't getting enough opportunities so sometimes i would overtrade
[12:38] {Threei} yeah, too limited
[12:38] {Threei} if there is no readable move in futs, you usually will find a stock
[12:39] {Threei} if you don't trade anything else but futs, what a poor peaisan to do
[12:50] {Threei} ese, look dcc please
[12:59] {Threei} starts feeling like bounce time
[13:00] {Threei} RIMM long
[13:00] {Threei} as close .50 as you can getr
[13:00] {Threei} .45 stop
[13:01] {Threei} let's use .70 break as trigger
[13:02] {Threei} should go over 119 easy
[13:03] {Threei} come on NQ, don't quit on us now
[13:10] {kazaam} rimm still good here
[13:10] {kazaam} ?
[13:11] {Threei} sure
[13:11] {Threei} .45 isn't tagged
[13:11] {kazaam} l .66
[13:19] {Threei} 119 be bygone
[13:19] {Threei} half out anyway
[13:19] {Threei} beautiful
[13:20] {Threei} out in full
[13:20] {Threei} +.55
[13:21] {kazaam} tks, still holding half
[13:21] {jmb} thanks Vad
[13:26] {Chaeron} sorry for the delay in posting... in at .71 on RIMM... out at .22 +0.51.. beauty call off closer to .50 and also on break of .70... textbook Vad... thanks
[13:27] {Threei} welcome guys
[13:27] {Threei} I was sure you were all in the coma
[13:27] {Chaeron} now watch it go to 120 :)
[13:28] {Chaeron} that was in my best magoo voice
[13:32] {Threei} MER
[13:32] {Threei} .91 long
[13:32] {Threei} .79 stop
[13:38] {Threei} almost hit 1:1 when market tripped over someone's drunk body
[13:39] {cosmo} dominos
[13:40] {Threei} 1:1
[13:44] {Threei} 1:2
[13:44] {Threei} I am out
[13:45] {Threei} RIMM up a buck since alert
[13:46] {Chaeron} MER in .92, out .15 +0.23... thanks again Threei... and I thought I was going to be bored today.....
[13:48] {kazaam} out last half of rimm
[13:48] {kazaam} sick of waiting for this thing to hit 120
[13:48] {cosmo} SNDK
[13:48] {Chaeron} nice kaz
[13:48] {cosmo} 19 test ..maybe
[13:49] {cosmo} 19.10 hod fwiw
[13:50] {Threei} you are not bored chaeron?
[13:51] {Threei} I am bored with profits to death
[13:51] {kazaam} sndk sm l .00
[13:51] {kazaam} oh wait, .01
[13:52] {magoo} nicerimm trades vad
[13:52] {Threei} ty
[13:53] {magoo} markets looks to greenland it seems
[13:54] {magoo} c'mon naz
[13:56] {kazaam} half +12 half +11
[14:00] {Threei} what with this relenltess making moneu
[14:00] {Threei} you should cool it off guys
[14:02] {cosmo} SNDK
[14:02] {cosmo} breaky again
[14:26] {Threei} sheesh oil
[14:26] {Chaeron} whatcha see?
[14:27] {Threei} big spike
[14:27] {Threei} new record high
[14:28] {Threei} market accordingly went down immediately
[14:39] {Threei} end of the world is back on agenda
[14:53] {dino} as we know it
[14:54] {Threei} QID long
[14:54] {Threei} .08
[14:54] {Threei} half lot, a bit too tense here
[14:55] {jmb} stop?
[14:58] {Threei} .95
[14:59] {Threei} no worky
[14:59] {jmb} thanks
[15:05] {judijim} take care all, be back tomorrow
[15:06] {Threei} take care jj
[15:06] {patience} toronto tsx down 400 points
[15:12] {dino} ouch
[15:14] {patience} was heading downwards to 500, recovering slightly as oil and gold increase. Canada doesn't have a ppt.
[15:23] {dino} niether does usa
[15:23] {dino} rumors
[15:31] {dino} only 64 pts to go dji
[15:32] {dino} 13 ndx
[15:33] {Threei} frkin QID as always
[15:43] {Chaeron} wow
[15:43] {kazaam} cya tomorrow everybody
[15:44] {Threei} take care kaz, congrats on a good day
[15:44] {kazaam} tks
[15:45] {dino} gj kaz
[15:50] {Threei} and all this with no news
[15:52] {Chaeron} Israeli fighters take off or something?
[15:53] {Threei} or, couldn't take off due to lack of fuel
[15:54] {dino} ndx hits yesterday lows
[15:54] {Chaeron} I'm leaving a bit early... thanks again everyone... thanks Threei
[15:54] {Threei} 6 minutes??
[15:54] {Threei} stay where you are!!
[15:54] {Chaeron} geeeesh
[15:54] {Chaeron} ok ok
[15:54] {Threei} lol
[15:54] {Threei} see you tomorrow :)
[15:54] {Chaeron} Ibye:)
[15:55] {dino} feels like a fund or two blowing up, capitulation on everything they own to raise cash
[15:55] {Threei} or they have trainees learning Sell button today
[15:55] {dino} the stocks i normally trade are down 5-10 bucks, crazy
[15:56] {dino} throwing the babies out
[15:56] {Threei} good
[15:56] {Threei} we will be there to pick them up
[15:57] {dino} like mr. t to interviewer in rocky, whats your prediction mr. t?................pain
[15:57] {Threei} lol
[15:57] {Threei} good one
[15:58] {Threei} Ok guys, thank you all
[15:58] {Threei} have a good evening, see you tomorrow
[15:58] {brian3579} have a good night everyone
[15:58] {dptl} have a good evening all