[08:17] {Threei} IRAN PRESIDENT SAYS OIL PRICES 'NOT REALISTIC'; WOULD WELCOME NEW US TACK - NBC INTERVIEW
[08:17] {Threei} - NBC ran a snippet ahead of its interview with Iran's President to be broadcast later tonight
[08:43] {Threei} 08:30am [NTWK] Guides FY09 $0.40-0.45 v $0.37e; Guides FY09 Rev +30%-35% y/y (only 1 est.)
[09:01] {dptl} good morning all
[09:03] {Threei} Good morning :)
[09:04] {pita} gm everyone
[09:04] {Threei} pita :)
[09:06] {peterg} gm all
[09:06] {Threei} peter :)
[09:08] {peterg} for me today will be very interesting and frustrating; I now hve the famous laser platform, so I am back in first grade yet again.
[09:09] {Threei} just allow yourself time to learn it
[09:09] {peterg} and dont smash computer
[09:09] {Threei} it's a powerful weapon, learning curve is not really steep but will take a few
[09:10] {peterg} minutes? months
[09:10] {peterg} years
[09:10] {Threei} days :)
[09:10] {peterg} good
[09:11] {Threei} you have my layout as a starting point
[09:11] {Threei} adjust things for your configuration
[09:12] {peterg} layout from video
[09:12] {Threei} and re-orient your priorities for couple days,
[09:12] {Threei} don't try to make money right away, aim for learning the software
[09:13] {Threei} when you become comfortable with tools, you can focus on utilizing them
[09:14] {Threei} slappng dave with herring helps too
[09:14] {peterg} looking forward to it
[09:15] {Threei} you'll enjoy it... everyone who tried it once just can't let the fish go
[09:15] {Threei} lars, welcome aboard
[09:17] {hawkfan4} good morning
[09:17] {Threei} hawk :)
[09:17] {Threei} so, OPEC prez says oil should go to 70-80... Iran prez makes friendly noizes
[09:17] {Threei} what does this thing stil do above 129
[09:18] {Threei} REPORTEDLY THE US BUDGET DEFICIT SEEN AROUND $490B IN FY2009 - ADNMINISTRATION OFFICIAL
[09:18] {Threei} 129 = 120
[09:19] {cosmo} NTWK holds 3.45 ...so far
[09:20] {Threei} 3.40 - 3.60 range for now
[09:21] {fernp} good morning all
[09:21] {Threei} fern :)
[09:21] {Threei} one of those stocks today... either dies on the vine or gets attention and turns into serious runner
[09:21] {esemde} good morning.....
[09:21] {Threei} ese :)
[09:21] {esemde} morning vad
[09:22] {esemde} need to get back to work.........just about slept in again
[09:22] {lars} morning all thanks for welcome Vad
[09:22] {esemde} summer holidays makes you lazy I think
[09:22] {Threei} :)
[09:22] {Threei} from daily chart, 3.20 area is support
[09:22] {Threei} I don't have that problem ese
[09:23] {Threei} I am equally lazy any time of the year
[09:23] {esemde} I want your problem then
[09:24] {Threei} IRAN PRESIDENT: IRAN IS NOT WORKING ON A NUCLEAR WEAPON - NBC NEWS INTERVIEW PREVIEWS
[09:24] {Threei} {USO}
[09:25] {Threei} overall, usual suspects on radar... FNM, UAUA, FRE, plus NTWK
[09:26] {Threei} if oil getting hit UAUA is a player again
[09:28] {magoo} HEY:)
[09:29] {Threei} mags!
[09:29] {Threei} greeting trout in order?
[09:29] {esemde} AMGN up 7 pts
[09:30] {Threei} got a few upgrades
[09:30] {magoo} please do
[09:30] {esemde} and new osteoperosis drug as well
06[09:30] * Threei slaps magoo around a bit with a large trout
[09:31] {magoo} i knew something missing all week
[09:31] {Threei} :)
[09:33] {Threei} .15 long UAUA
[09:33] {Threei} stop under 7
[09:33] {Threei} too fast?
[09:33] {Threei} no chasing
[09:34] {Threei} it gives sudden "teleportations" up and down
[09:34] {Threei} one of such to the downside gives an entry chance for fast traders
[09:34] {Threei} but have to time it with USO moves
[09:35] {Threei} over 1:1 if anyone got it (doubtfully)
[09:35] {magoo} i did :)
[09:35] {Threei} wow... some got nice rest
[09:35] {Threei} grab profit or at least partial
[09:36] {magoo} ok out .38
[09:36] {magoo} TY
[09:36] {Threei} welcome, nice start after vacation
[09:36] {Threei} if USO moves down sharply, watch for UAUA headfake downtick
[09:37] {esemde} LSchw
[09:37] {Threei} it does it often shaking traders out before jumping up
[09:37] {esemde} 22.18
[09:37] {esemde} 1/2 lot
[09:38] {Threei} VVUS
[09:38] {Threei} break over .70 long
[09:38] {Threei} if stays above .55
[09:39] {Threei} FNM, watch for pullback into 12 - 12.20 area for entry
[09:42] {Threei} here comes sizeable pullback UAUA
[09:42] {Threei} USO drop will give an entry now
[09:43] {Threei} 99.50 break should launch next leg down
[09:46] {Threei} die USO
[09:47] {kazaam} did fnm already waste its bounce?
[09:47] {kazaam} or you think its got another?
[09:48] {Threei} didn't pull back deep enough for me
[09:48] {Threei} it haas ranges wider than this
[09:48] {Threei} here goes USO
[09:49] {Threei} if you got UAUA, stop under .20
[09:49] {magoo} vad, FNM?
06[09:49] * Threei hits USO over the head with 2x4
[09:50] {Threei} feels like should dive deeper FNM
[09:50] {Threei} under 12
[09:50] {Threei} watch for quick selling
[09:50] {kazaam} awww, the 2x4 is sometimes for subtle than the boots
[09:51] {Threei} 2x4 works
[09:52] {kazaam} amgn break high or low a decent play?
[09:52] {Threei} can't get a grip on it kaz... not sure
[09:53] {Threei} feel free to scalp or partial here on UAUA
[09:54] {Threei} with entry about .35, nicely above 1:1
[09:56] {Threei} FNM should lose 12 now
[09:58] {peterg} ok i like laser & colors are prettier
[09:59] {Threei} yup, I am a sucker for flashing lights too
[10:00] {Threei} and you have dave to slap as a bonus
[10:00] {Threei} icing on a cake so to speak
[10:00] {peterg} where is he
[10:00] {Threei} slacking
[10:00] {Threei} which gets him double trout when he wakes up
[10:00] {Threei} but if you need urgent help, phone him
[10:01] {peterg} nope, i just figured out how to buy...now if I can figure out how to sell....
[10:01] {Threei} lol
[10:03] {Threei} missed FNM dive under 12
[10:03] {magoo} wa last week up week or down for mkts overall?
[10:03] {Threei} up... and don't tell me you unlearned how to tell that from chart
[10:04] {magoo} hey, im even lazier now than before i left lol
[10:04] {Threei} is it even possible?
[10:04] {magoo} if thats possible
[10:04] {Threei} I perceive it as a threat to my king of laziness status
[10:05] {magoo} waiting .71 uaua
[10:06] {Threei} whatcha got on entry?
[10:06] {magoo} .34
[10:06] {Threei} :)
[10:06] {magoo} there TY
[10:07] {Threei} welcome
[10:07] {Threei} this pair continues giving
[10:15] {Threei} get ready for bounce scalp FNM
[10:16] {Threei} IMF REPORT: RISKS TO THE FINANCIAL SECTOR REMAIN ELEVATED, THE SECTOR REMAINS FRAGILE, SEE INCREASED LIKELYHOOD OF THE SECTOR'S WOES IMPACTING THE REAL ECONOMY
[10:16] {Threei} - The bottom for the US housing market is not visible, declining home values may make homes more affordable and help stabilize the market.
[10:16] {Threei} - Sees "systemic consequences" if confidence is lost in the GSEs. The GSE model requres further examination and oversight.{FRE FNM}
[10:17] {Threei} in
[10:17] {magoo} in .79
[10:17] {Threei} stop .69
[10:17] {Threei} may take a few tries
[10:19] {kazaam} target is around 12?
[10:19] {Threei} at least
[10:19] {Threei} most likely higher
[10:19] {magoo} seems like 12.25 area
[10:21] {Threei} stopped
[10:21] {magoo} yup
[10:37] {magoo} hello?
[10:37] {magoo} 15 minutes of silence
[10:37] {patience} missed you magoo, overwhelmed by your presence :)
[10:37] {Threei} lol
[10:38] {magoo} :)
[10:39] {Threei} CNBC: TREASURY PAULSON TO SPEAK AT 2:30PMET
[10:40] {magoo} u make alot of cake without me last week?
[10:40] {Threei} almost all of it
[10:40] {Threei} we were in hurry to grab as much as we could before your return
[10:40] {magoo} dino left me a post-it on desk..made big $$
[10:41] {magoo} nioceof him
[10:41] {magoo} nice
[10:42] {Threei} .71 long FNM if stays above .60
[10:47] {Threei} NTWK never got any traction
[10:47] {Threei} probably dead in the water
[10:48] {Threei} BRCM
[10:48] {Threei} 24 break long
[10:48] {Threei} stop under .80
[10:50] {Roman} 21 CHK
[10:50] {Threei} FNM is valid
[10:50] {Roman} 21 HK looks decent
[10:51] {Roman} 21 and CHK for long continueation
[10:55] {pita} stop FNM?
[10:55] {Threei} .55
[10:58] {Threei} feels like tide has changed to upward on FNM again
[10:58] {Threei} needs a l,ittle help by market
[11:00] {Threei} .85 break should send it back to 12
[11:03] {Threei} market weakens... holding it back
[11:16] {Threei} OPEC PRES: PROBABLE FOR OIL PRICES TO REMAIN STABLE AT CURRENT LEVEL
[11:16] {Threei} - Reminder Saturday the OPEC President noted that oil prices should trend towards the $70-80/bbl level{USO}
[11:16] {Threei} guy changes his mind faster than daytrader
[11:18] {kazaam} @ 1250 on S&P, could be a critical break
[11:20] {Threei} 7.25 long UAUA
[11:20] {Threei} 7.14 stop
[11:24] {esemde} I'm back..with a loss...was out of SCHM 22.02 for a minus .-16. phone call from Norway...want my High school band to come there on tour next year but we are already going to Belgium
[11:25] {esemde} let that be a lesson to you all....
[11:25] {esemde} distractions turn into losses
[11:26] {Threei} USO is too strong for market to hold up it seems
[11:26] {esemde} in this case small loss...
[11:26] {esemde} man....cannot believe the phone calls i'm getting
[11:26] {Roman} 21 watching CSIQ
[11:27] {Roman} 21 probably wants over $30
[11:48] {Threei} LEH
[11:48] {Threei} MAINTAINS Q3 DIVIDEND AT $0.17
[11:52] {peterg} Laser, a high-speed trading platform, makes it possible to lose money faster than ever before.
[11:53] {peterg} Did take smaller sh size, tho, so not too bad
[11:53] {peterg} ain't learning grand?
[11:54] {Threei} sure is... and very rewarding when learning curve is over
[11:54] {Chaeron} Good morning all... welcome back Mags... hope to see vids on youtube of your past week :)
[11:54] {Threei} chaeron :)
[11:54] {magoo} chaer
[11:55] {magoo} living my dream...6 days mx
[11:55] {magoo} vad, what qwuote server u on?
[11:55] {Threei} 11
[11:56] {magoo} ty
[12:00] {kazaam} i thought it was 11-12 o'clock the way things are trading
[12:01] {magoo} sigfh...i had 65 emails to come back too
[12:01] {kazaam} select all } delete?
[12:03] {magoo} well..some i need to see lol
[12:21] {magoo} hello
[12:21] {magoo} its been 18 mins
[12:22] {Threei} someone got too precise watch
[12:38] {Threei} both USO and market got locked in a narrow range
[12:39] {Threei} USO break of 99.50 should re-energize the market
[12:40] {magoo} vad, was there recent negative news with aapl?
[12:41] {Threei} nothing ground shaking
[12:44] {Threei} USO chose to spike instead
[12:44] {Threei} btw magoo
[12:44] {magoo} uh oh
[12:44] {Threei} last two days on last week were first days that looked like typical summer
[12:45] {Threei} just so you know, we finally maybe entered it
[12:45] {Threei} maybe not... we will see
[12:45] {magoo} ok..thought a slap was comig
[12:45] {Threei} oh, that is not very far
06[12:45] * Threei slaps magoo around a bit with a large trout
[12:46] {Threei} just wanted to alert about slight pattern change you and lars, since you weren't here last week
[12:46] {Threei} whole thing before that didn't look like normal summer trading at all, so it's a very recent change
[12:47] {lars} I have a lot to learn :)
[12:49] {Threei} we all do, just some of us are better at pretending they learnt everything there is
[12:56] {dptl} Vad dcc,pls
[13:10] {Threei} FED'S MISHKIN: INFLATION TARGET SHOULD BE HEADLINE, NOT CORE, AS CORE MAY BE A BIASED MEASURE OF LONG RUN INFLATION - Q&A
[13:10] {Threei} - Reacting too much to headline and not core inflation couldn lead to bad outcomes, core inflation does not contain important information for policy makers.
[13:10] {Threei} - Expects inflation to drop to around 2% in the next three years.
[13:10] {Threei} - The recent drop in oil is "very welcome."
[13:29] {magoo} uso breaks .50 vad
[13:30] {Threei} not sure about follow throuigh
[13:32] {Threei} the only way right now to play this kind of moves is if it drops sharply and UAUA gives a delay enough for entry
[13:35] {Threei} this UAUA pullback creates good base for entry - IF USO drops fast from here
[13:47] {Threei} WHITE HOUSE: ECONOMY CONTINUES TO EXPAND, REMAINS "FUNDAMENTALLY RESILIENT"
[14:15] {magoo} .
[14:15] {Threei} fine point
[14:22] {Threei} PREVIEW: TREASURY'S LATEST QUARTERLY FINANCING ESTIMATES EXPECTED AT 3PMET
[14:25] {magoo} market mover?
[14:29] {Threei} probably
[14:29] {Threei} oil is major force moving market right now
[14:31] {magoo} cnbc paulson news coming
[14:50] {esemde} would have to agree with that statement Vad....as I look at the OEX....it mimickss the indexes or they are mimicking it.
[14:51] {esemde} opps oex isn't Oil index thats the S&P 100
[14:54] {Threei} just use USO for oil
[15:07] {esemde} Ok signing off...have a tee time at 1:00pm out in your neck of the wods Vad....Cordova Bay
[15:08] {Threei} have fun :)
[15:08] {esemde} see you all tomorow
[15:08] {esemde} i will
[15:08] {magoo} bye es
[15:08] {esemde} see ya mags
[15:15] {Threei} looking for UAUA to hold 7 and break 7.10 for a scalp
[15:26] {judijim} we're signing off, did trade today for net + $1225, be back tomorrow
[15:30] {Threei} take care jj
[15:43] {fernp} I have to go. see you all tomorrow.
[15:44] {Threei} take care fern
[15:44] {Threei} fairly empty day
[15:44] {Threei} couple good moves in the morning, then plug gets pulled
[15:53] {Threei} OK guys, let's have a good evening
[15:53] {Threei} thank you all, see you tomorrow
[15:53] {dptl} have a good evening all
