Session Time: Fri Jul 25 00:00:00 2008
[08:26] {Threei} Fre
[08:26] {Threei} SAYS JUN RETAINED MORTGAGE PORFOLIO UP TO $791.8B V $770.4B PRIOR MONTH
[08:30] {Threei} JUN DURABLE GOODS ORDERS: 0.8% V -0.3%E;
[08:30] {Threei} EX-TRANSPORTATION: 2.0% V -0.2%E
[08:30] {Threei} - Prior Durable Goods revised from 0.0% to 0.1%
[08:30] {Threei} - Prior Ex-Transportation revised from -0.8% to -0.5%
[09:00] {esemde} gutten morgan.....ya das vhat it izzz......a nader fine day!!!!
[09:00] {Threei} good morning :)
[09:00] {esemde} Vad..
[09:00] {esemde} cos, dp hawk jmb peter
[09:01] {hawkfan4} good morning
[09:01] {Threei} hawk :)
[09:06] {peterg} troops assembling--morning all
[09:06] {Threei} peter :)
[09:08] {fernp} good morning all
[09:08] {esemde} morning peter....By The Left!!!!Quick March!!!!!
[09:08] {Threei} fern :)
[09:09] {peterg} ese--you have marching band, yes?
[09:10] {peterg} or rock band,
[09:10] {peterg} music is your muse
[09:10] {peterg} one of them
[09:10] {cosmo} and wet grass for morning practice?
[09:11] {peterg} memory lane
[09:12] {judijim} hello and good morning all
[09:13] {Threei} jj :)
[09:14] {Threei} brb
[09:14] {peterg} byob?
[09:21] {Threei} FUEL
[09:21] {Threei} ENTERS MULTI-YEAR MARKETING AGREEMENT WITH CHEVRON
[09:21] {Threei} - Subsidiary H & W Petroleum Company, Inc. has entered into a multi-year Lubrication Marketer Agreement with CVX unit Chevron Products Company to market Chevron branded lubricants. The Company's similar agreement with Chevron U.S.A. for its Texaco brand of lubricants which was entered into in 2005 also remains in place.
[09:21] {Threei} - Financial terms were not disclosed
[09:23] {Threei} USO drop propped UAUA... realtion is still there
[09:27] {dptl} good morning all
[09:27] {Threei} dp :)
[09:28] {esemde} whoaaa...did you see the fusalage of that Qunatas 747 on route from London to Australia.....2.5 X 3 meter hole...
[09:28] {esemde} picture in the news
[09:28] {cosmo} what did it?
[09:29] {esemde} pasengers just heard an explosion of some kind.
[09:29] {cosmo} oh
[09:29] {cosmo} not Quantas...
[09:29] {peterg} may the market explode with happiness
[09:30] {esemde} http://www.mytelus.com/new_homepage/ ....heres a link to mytelus
[09:32] {Threei} SQNM 22.16 long if stays above 22, half lot
[09:32] {esemde} good looking daily chart Vad
[09:32] {Threei} and biotech sector really getting attention
[09:33] {esemde} i'm in bstop 22.16
[09:34] {Threei} wow FNM
[09:34] {kazaam} nuva, break of .50
[09:34] {kazaam} darn huge spread
[09:34] {esemde} sqnm invalidated
[09:35] {esemde} bstop removed for me
[09:37] {Threei} UAUA long .11
[09:37] {Threei} atop under 8
[09:38] {esemde} l jrcc 34.03
[09:38] {esemde} 1/2 lot
[09:39] {esemde} stop 33.80
[09:39] {Threei} take UAUA profit here who got it
[09:39] {esemde} stopped....damn that was fast
[09:39] {Threei} out +30
[09:40] {esemde} nice vad
[09:40] {esemde} bstop ARBA 17.11 1/2 lot
[09:40] {Threei} US SENATE ENERGY BILL REGARDING SPECULATION IN ENERGY MARKETS HAS REPORTEDLY FAILED A PROCEDURAL ELEMENT, WILL NOW BE SET ASIDE
[09:41] {Threei} [15:25] {Threei} I start really looking foward for oil to reverse back down... UAUA retreat is so significant, upside is going to be great
[09:42] {esemde} ARBA invalidated for me
[09:42] {esemde} hmmmmm...not having much luck here today
[09:43] {Threei} UAUA nice pullback, look for USO resumtion down for re-eentry
[09:44] {Threei} not yet, USO upticking
[09:44] {Threei} UAUA tends to overshoot on both sides, be patient
[09:44] {Threei} better miss the play than be in too early
[09:45] {kazaam} vad, i must say, you ability to type to the room and take these trades is remarkable, this is coming from a guy who has played video games his whole life
[09:45] {Threei} sometimes I miss them while typing
[09:45] {esemde} I'll Second that Emotion!
[09:45] {esemde} Smokey Robinson
[09:46] {Threei} on UAUA call parrticularly had to take .15 instead of .11
[09:47] {kazaam} any read on amzn?
[09:48] {Threei} 80 BREAK
[09:48] {Threei} SMALL
[09:48] {Threei} stop under .80
[09:48] {Threei} 1:2 already
[09:48] {kazaam} heh, i missed
[09:48] {Threei} I mean 1:4
[09:48] {Threei} lol
[09:49] {Roman} 21 CROX
[09:49] {Roman} 21 bouncing
[09:51] {Threei} QLGIC
[09:51] {Threei} QLGC
[09:51] {Threei} 19.20 long
[09:51] {Threei} if stays above 19.05
[09:52] {Roman} 21 bidding crox
[09:52] {Roman} 21 on pullback 5.01
[09:53] {kazaam} DNA might break 95.34
[09:53] {esemde} VDSI bstop 13.91
[09:54] {Roman} 21 observing WM on CNBC comments
[09:54] {Roman} 21 WM Washington Mutual: Faber on CNBC says WM spokesperson said they now have $50 bln in liquidity, up from $40 bln at end of Q2 (3.75 -0.28)
[09:55] {Threei} US SENATE HOUSING BILL HAS REPORTEDLY PASSED A PRODEDURAL ELEMENT, VOTE TO COME SAT
[09:55] {Threei} *JULY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 61.2 V 56.4E
[09:55] {Threei} - 1 yr median inflation expectations at % v 5.3% July Prelim. (5.1% in June)
[09:55] {Threei} - 5 yr median inflation expectations at % v 3.4% July Prelim. (3.4% in June)
[09:55] {esemde} L VDSI .90
[09:56] {Roman} 21 WB
[09:56] {Roman} 21 for bounce
[09:56] {Roman} 21 in 15
[09:56] {Threei} FNM 11 break long
[09:58] {Threei} stop under 11.90
[09:58] {Threei} 10.90, sorry
[09:59] {kazaam} qlgc still gud?
[09:59] {Threei} yes
[10:00] {kazaam} go market go
[10:00] {Threei} JUN NEW HOME SALES: 530K V 503KE,
[10:00] {Threei} woohooo
[10:00] {peterg} FNM in at .04
[10:00] {Threei} -0.6% M/M V -1.8%E
[10:00] {Threei} - Prior revised from 512K to 533K
[10:00] {Threei} half out FNM
[10:01] {Roman} 21 in WM
[10:01] {Roman} 21 3.85
[10:01] {esemde} nice trade Vad
[10:01] {Threei} ty
[10:01] {esemde} stopped
[10:01] {esemde} VDSI
[10:02] {peterg} out FNM @ .35 +30 tks vad
[10:02] {Threei} welcome
[10:02] {Roman} 21 out WB +.45
[10:02] {esemde} OK stopped twice.....i'm just watchin.....
[10:02] {Threei} wtg Roman
[10:03] {peterg} have boldly increased sh size to 300; can smell the $$
[10:03] {hawkfan4} thx for WB roman, nice one
[10:03] {Threei} follow MPP procedure peter
[10:03] {peterg} pride goeth...........
[10:03] {Roman} 21 yw, spike inthe markets helped
[10:04] {Threei} UAUA
[10:04] {Threei} S&P CUTS LONG-TERM RATINGS TO "B-" FROM "B"
[10:04] {peterg} ok taking out blue book
[10:04] {Threei} lol
[10:05] {Threei} making money is the beautiful thing, and position size increase helps... just don't want you to act in a rush, there are steps to follow
[10:05] {peterg} right, see p 170, increasing Trading size
[10:06] {Threei} right
[10:06] {peterg} When I screw up, drop back
[10:06] {Threei} trust me... those steps are derived form both my own experience and tutoring more traders than wanted to be tutored
[10:07] {peterg} I do vadsky, ido
[10:07] {Threei} trigger already QLGC
[10:07] {Threei} you know you want higher
[10:07] {Roman} 21 out 1/2 WM +.30
[10:08] {hawkfan4} thx again :) out full +.30 wm
[10:09] {Threei} fiiiinally
[10:09] {Threei} now just go, no shakes, no silly games
[10:09] {Roman} 21 once in a while we hae to get lucky
[10:09] {kazaam} stop 19.10?
[10:10] {Threei} how does it feel peter, to go from the state of "what the heck is going on" that you claimed not so long ago, to making money in live trading? :)
[10:10] {Threei} btw, let's put QLGC stop under .10
[10:11] {Threei} yes kaz
[10:11] {peterg} really good
[10:11] {Threei} initially was under .05
[10:11] {Threei} but it gave new range before triggering
[10:12] {Roman} 21 wacthing CROX
[10:12] {Roman} 21 maybe take very small
06[10:12] * Threei kicks QLGC in the rear with steel toed heavy duty army boots
[10:12] {Threei} ahha... violence works
[10:12] {peterg} I am learning techniques of following masters; quite a way from being one.
[10:12] {Threei} take that .25 now
[10:13] {Roman} 21 vad any read o CROX?
[10:13] {Threei} no, sorry
[10:13] {Threei} not my type
[10:13] {Threei} and I hate those shoes
[10:14] {Threei} FNM, this trime around 11 is not an entry IMO
[10:14] {Threei} let it sort things out for now
06[10:16] * Threei pokes QLGC with high voltage sharp stick
[10:16] {kazaam} would klac have been a good reversal play? at 37.28?
[10:16] {kazaam} or is that just hindsight agian
[10:17] {Threei} pattern wise, it's a valid one
[10:17] {Threei} not just hindsight
[10:17] {kazaam} tks
[10:18] {Threei} hmmm... did I paralyze QLGC with that poke?
[10:20] {esemde} obviously in too soon on JRCC...
[10:23] {Threei} UAUA .50 break long if USO drops
[10:23] {Threei} and if holding above .35
[10:26] {Threei} out QLGC
[10:26] {Threei} tiresome
[10:37] {kazaam} qcom, break of .92?
[10:39] {Threei} if market helps
[10:39] {Threei} wouldn't want to buy breaks in dropping market
[10:41] {kazaam} gotcha
[10:45] {Threei} stop under .80
[10:45] {Threei} with some padding probably, .75 or so
[10:48] {Threei} looks like help is coming
[10:48] {Threei} 55 break will make or break this play
[10:48] {kazaam} i am skeptical
[10:49] {kazaam} yep
[10:49] {Threei} I am not
[10:49] {Threei} it will break
[10:49] {Threei} broke... then retreated, lol
[10:54] {peterg} any read MEE
[10:55] {Chaeron} good morning all
[10:55] {Threei} no peter, too jumpy
[10:55] {Threei} Chaeron :)
[11:07] {peterg} going to get 2nd cup of coffee
[11:08] {peterg} large dark roast from Starbux inside B&N
[11:20] {peterg} back with lg cfee; no one has said anything since I left.
[11:20] {peterg} ok, b that way
[11:20] {Threei} lol
[11:21] {Threei} everything just fell asleep
[11:21] {peterg} flat lining
[11:23] {peterg} UAUA close to low again
[11:24] {peterg} USO up
[11:43] {peterg} what are people doing?
[11:44] {Threei} looking at scanner... looking at the charts...
[11:44] {peterg} is this the beginning of market summer?
[11:45] {Threei} could be... if so, we were blessed with almost 2 months of abnormal activity
[11:45] {Threei} and I have a feeling even the rest of summer is going to be way more usable than usual
[11:45] {peterg} good
[11:45] {hawkfan4} i hope you're right about that
[11:46] {Threei} yesterday was the first day in whole summer that I felt like summer
[11:46] {peterg} your baby needs new shoes, too?
[11:46] {Threei} and it was second half of the day only
[11:50] {peterg} ESRX? 2 days break
[11:51] {Threei} wirth small shares try
[11:51] {Threei} worth
[11:51] {Threei} can be very volatile, be careful\
[11:52] {peterg} just watchin
[11:53] {hawkfan4} vad, LEH short off 17.50 if the market turns?
[11:54] {Threei} do you havwe short available for it?
[11:54] {hawkfan4} yep
[11:54] {Threei} cool, then yes
[11:55] {hawkfan4} thanks :) in .55
[12:03] {Threei} covered any?
[12:05] {hawkfan4} not yet
[12:07] {hawkfan4} out 1/2 at .28
[12:08] {Threei} :)
[12:17] {peterg} Congratulations! How short LEH? Cox be comin
[12:18] {hawkfan4} lol, thx
[12:23] {hawkfan4} 1/4 more out .03
[12:27] {hawkfan4} out all .15
[12:28] {peterg} now go long LEH?
[12:28] {hawkfan4} not me
[12:30] {dptl} lost laser conection
[12:32] {dptl} vad..your laser workig?
[12:40] {Threei} yes
[12:41] {dptl} oh just came back...wierd
[12:41] {Threei} must be your connection... mine never quit
[12:50] {Threei} feelas like USO breakdown of 100 ashould trigger UAUA break of 8 for a long
[12:56] {Threei} stop under .90
[13:00] {Threei} 1:1
[13:01] {fernp} out +.12 TY
[13:02] {Threei} :)
[13:02] {Threei} easy money
[13:03] {Threei} once you get a grip on certain pattern, it's simply a matter of exploiting it until it stops working
[13:05] {fernp} too nervous for me UAUA, but this one was easy
[13:14] {hawkfan4} 13:12 S&P Puts Freddie Mac And Fannie Mae On CreditWatch Negative
[13:41] {dptl} cymi short?
[13:41] {Threei} probably, on .10 break
[13:42] {dptl} got .10
[13:42] {dptl} .20 stop
[13:44] {Threei} nice and easy
[13:44] {dptl} +.10
[13:48] {dptl} xmsr same set up looks like
[13:49] {dptl} if go thru .10 may be?
[13:52] {dptl} simo?
[14:05] {Threei} XMSR yes
[14:05] {dptl} stoped simo
[14:10] {fernp} have to go. see you on monday. have a nice weekend all
[14:10] {Threei} take care fern
[14:13] {Threei} test
[14:13] {dptl} pass
[14:13] {Threei} I guess...
[14:13] {Threei} for some reason I have typing bar separated by two sections
[14:14] {Threei} can't understand what second on is so I typed in it
[14:14] {Threei} whatever... two sections probably is better than one
[14:14] {dptl} :)
[14:14] {Threei} the very fact that I am researchinh it shows how bored I am {G}
[14:15] {Threei} FORMER FED GOVERNOR POOLE: THE GSES SHOULD BECOME PRIVATE FIRMS
[14:15] {Threei} {FNM}
[14:16] {dptl} short xmsr .16
[14:16] {dptl} .22 stop
[14:17] {dptl} may be it'll reak .10 now
[14:17] {dptl} break
[14:25] {dptl} biding 9 ..stop to b/e
[14:36] {dptl} out flat
[14:57] {Threei} do we really have two more hours to go??
[14:57] {Threei} I broke keyboard with my chin
[14:58] {dptl} just one
[14:58] {hawkfan4} just one more
[14:58] {Threei} oh
[14:58] {Threei} sheesh... lost ability to read the dial too
06[14:58] * Threei slaps laserdave1 around a bit with a large trout
[14:58] {Threei} nah... doesn't help... still sleepy
06[14:59] * Threei slaps laserdave1 around a bit with an old sofa with sticking springs
[15:00] {Threei} that's better
[15:00] {Threei} watch for PNSN possible pullback to 17.50 for bounce scalp
[15:06] {peterg} snooooore
[15:06] {peterg} how about seeing Batman ?
[15:13] {laserdave1} ah thats what i always wanted a new sofa
[15:26] {peterg} fading away into nothingness;
[15:30] {dptl} have a good weekend all
[15:31] {peterg} u2, dp
[15:31] {Threei} OK guys, let's end the torture
[15:32] {Threei} this is a day that ended within 2 hours after it begun
[15:32] {Threei} thank you all, have a great weekend, see you all on Monday
[15:32] {hawkfan4} thx vad
[15:33] {peterg} alrigihty then, have a good w/end & see you Mon
