Tuesday, July 29, 2008

Jul 29 2008

Session Time: Tue Jul 29 00:00:03 2008
[08:33] {Threei} good morning
[08:33] {Threei} watching MER for bounce scalp
[08:33] {hawkfan4} morning vad, all
[08:33] {Threei} hawk :)
[08:34] {Threei} .55 if getting hit
[08:34] {Threei} with stop under .40
[08:35] {Threei} smallish shares, just a fingers warm-up
[08:39] {Threei} lost support, gotta wait for more drop most likely
[08:41] {Threei} in .15
[08:43] {Threei} come on, give me one more spike, don't want to take measly 10 cents
[08:44] {Threei} if can't clear .25 will be stopped probably
[08:44] {Threei} good boy
[08:45] {Threei} out half .32
[08:46] {Threei} stop to b/e
[08:47] {Threei} am I getting too greedy here?
[08:47] {Threei} stop to .19
[08:48] {judijim} good early morning all
[08:48] {Threei} jj :)
[08:50] {magoo} morning
[08:50] {Threei} magoo :)
[08:52] {Threei} out second half
[08:52] {magoo} mer after hours last nite hit 22
[08:54] {Threei} non-shortable
[08:54] {magoo} on that sec thingy
[08:55] {Threei} raising more capital through stock dilution
[08:55] {hawkfan4} i have it short, from .17
[08:55] {Threei} :)
[08:57] {magoo} a hold from before rule?
[08:58] {hawkfan4} no, can still short it, rule covers naked shorting i think?
[09:01] {Threei} *MAY SP_CASE-SHILLER-20 Y/Y: -15.8% V -16.0%E; HOME PRICE INDEX:168.54 V 169.9 PRIOR
[09:01] {Threei} Prior Home price index revised to 170
[09:01] {Threei} Prior Case Shiller 20 y/y revised to -15.2% from 15.3% prior{XHB}
[09:05] {magoo} vad, news MT?
[09:05] {Threei} 08:00am [X] Reports Q2 $5.65 v $3.91e, R $6.74B v $5.90Be; Sees Union labor deal signed by September 1st
[09:05] {magoo} ty
[09:06] {Threei} I understand it's related news, not MT itself
[09:07] {magoo} up big
[09:17] {magoo} vad, news CNQR?
[09:17] {Threei} 08:19am [CNQR] American Express buys 6.4M shares for $251M (13% stake), has right to buy 1.28 additional shares at $39.27/share
[09:18] {magoo} ty
[09:18] {hawkfan4} MER dumped
[09:19] {magoo} could reach 22 imo
[09:20] {pita} morning all
[09:20] {Threei} pita :)
[09:20] {hawkfan4} morning
[09:20] {peterg} morning
[09:21] {Threei} peter :)
[09:24] {Threei} MER
[09:24] {magoo} [09:20] {magoo} could reach 22 imo
[09:26] {cosmo} ZRAN
[09:26] {cosmo} 8.40 pre mkt high
[09:27] {magoo} vad, whats youur gut feel topday?as in up bounce or more pain?
[09:27] {Threei} can't tell for the whole day... things change too often and are too dependent on oil movement
[09:28] {cosmo} viscosity could be a problem?
[09:29] {Threei} alqays is
[09:29] {Threei} - Note this was reported earlier this morning in the SF Chronicle
[09:29] {Threei} well, he is familiar with stop loss copncept {G}
[09:31] {Threei} 7.50 long UAUA if USO dumps
[09:33] {Threei} in aggressively
[09:33] {Threei} stop under .30
[09:33] {magoo} me too lol .37
[09:34] {peterg} nice-.40
[09:35] {Threei} stop's tight enough to try it for this interesting sharp oil drop
[09:35] {Threei} look at correlation between oil and market
[09:35] {Threei} practically tick in tick
[09:35] {fernp} gm all
[09:35] {Threei} fern :)
[09:36] {Threei} half out .53
[09:36] {Threei} stop to .35
[09:38] {peterg} out for my .08 ty
[09:38] {Threei} good enough for trying out new tool peter
[09:41] {Threei} this pair still looks strongly linked
[09:41] {Threei} USO/UAUA I mean
[09:42] {Threei} missed re-entry under .30
[09:47] {Threei} FNM .41 long
[09:47] {Threei} stop under .30
[09:48] {Threei} MER moving up, should help it
[09:48] {esemde} morning
[09:48] {Threei} ese :)
[09:49] {esemde} morning
[09:49] {magoo} in aggr .38
[09:49] {Threei} no help
[09:51] {Threei} BEAV lost its mind?
[09:52] {magoo} wow
[09:53] {Threei} **consensus expectation: 50.1e v 50.4 prior
[09:53] {Threei} - prior 1-year inflation expectation at 7.7%
[09:53] {Roman} 21 no doube magoo is one of the luckiest basters i have ever seen
[09:53] {magoo} out FNM .64 TY boss
[09:53] {Threei} welcome
[09:54] {Roman} 21 when i grow up, i want to be like magoo
[09:55] {magoo} looks like somebody woke up on wrong side of bed lol
[09:55] {Threei} lol
[09:55] {Roman} 21 anyway................:)
[09:56] {Threei} if my eperience is any indication, you are going to have hard time Roman... as a kid I wanted to be either austronaut or ice-cream saleman... neither paneed out
[09:56] {Roman} 21 :)
[09:57] {Roman} 21 i really do think magoo can see the future
[09:57] {Roman} 21 he is about 5 minutes ahead
[09:57] {magoo} waiting .71 uaua from .37
[09:57] {magoo} out TY boss
[09:58] {Threei} welcome :)
[10:00] {Threei} JULY CONSUMER CONFIDENCE: 51.9 V 50.1E
[10:00] {Threei} prior revised from 50.4 to 51
[10:00] {Threei} - 1-year inflation expectation at 7.6% v 7.7% prior
[10:01] {Threei} 98.70 - .80 area is critical support for USO
[10:01] {Threei} if broken, will dump much lower
[10:02] {Threei} good boy
[10:02] {Threei} UAUA reacts
[10:02] {Threei} look at oil drop
[10:02] {esemde} you were right about that one Vad....USO that is
[10:03] {magoo} nicew read vad
[10:04] {magoo} l rimm here ,31
[10:04] {magoo} risky small
[10:05] {Roman} 21 innnnnnnnnnnnnnnnnnnnnnn
[10:06] {magoo} looking for near 116
[10:06] {magoo} .91wait
[10:06] {Threei} oyl is new spelling
[10:07] {magoo} out
[10:08] {magoo} + .61
[10:08] {Roman} 21 tell me this dude is not supernatural
[10:08] {Threei} I know I have somewhat wierd way of expressing my admiration but...
06[10:08] * Threei slaps magoo around a bit with a large trout
[10:08] {magoo} u out????
[10:08] {Roman} 21 not yet
[10:08] {Roman} 21 here
[10:09] {Roman} 21 .41
[10:09] {magoo} over point NICE
[10:09] {magoo} im a dumb scalper
[10:09] {Roman} 21 thank you, now i can go to the store and buy my son food
[10:09] {Threei} lol
[10:10] {Threei} magoo is now known as Saviour of Infants
[10:10] {magoo} who'd of thunk it vad? he he
[10:11] {esemde} bstop PDCO 32.01
[10:14] {Threei} do we get that lucky to see USO losing 97.50?
[10:15] {Threei} watchinf FNM for pullback entry
[10:15] {Threei} aww... missed
[10:15] {Threei} time to buy was when I typed, lol
[10:16] {Threei} ok USO, one more dump please
[10:17] {magoo} what we playing off it?
[10:17] {Threei} not sure here, lol
[10:19] {magoo} vad, any news BIDU?
[10:19] {Threei} no
[10:19] {magoo} ty
[10:24] {Threei} in .82
[10:24] {judijim} new stradegy this week, wanted to trade more days, in long and short, today in 10 minutes made on shorts $859
[10:24] {Threei} .75 stop
[10:25] {magoo} in what
[10:25] {Threei} FNM
[10:25] {Threei} nice going jj
[10:25] {Threei} stopped
[10:25] {Threei} my timing is off on this thing today
[10:26] {judijim} we're still watching today but protect profit and back in tomorrow
[10:26] {Threei} good discipline
[10:29] {magoo} how u supposed to make 3k if u stop at 800 he he
[10:29] {esemde} bstop invalidated PDCO
[10:36] {Threei} UAUA
[10:36] {Threei} in
[10:37] {Threei} sharp dive USO, UAUA delayed reaction
[10:37] {magoo} where u in?
[10:37] {Threei} .83
[10:37] {magoo} .90
[10:38] {hawkfan4} .79
[10:38] {Threei} hawk put us all to shame
[10:38] {Threei} out +.20
[10:38] {magoo} again
[10:38] {hawkfan4} but i missed the first one
[10:39] {lars} out +.15 ty
[10:40] {magoo} out here .15, + .25
[10:40] {Threei} good job guys
[10:40] {Threei} wtg lars
06[10:40] * magoo slaps lars around a bit with a large trout
[10:41] {Threei} this is conceptual trade, as long as you understand the idea of it you don't need me to call exact levels
[10:41] {Threei} sharp move by the leading indicator (USO in this case), delayed reaction on the follower giving window for entry
[10:42] {Threei} look at the size of red bar on USO at 10:37
[10:43] {Threei} look at according time on UAUA chart
[10:43] {Threei} that's your window of opportunity
[10:43] {Threei} avoid temptation to play UAUA off any USO tick
[10:43] {Threei} it's this bug sudden one that you want
[10:43] {Threei} bug = big
[10:47] {Threei} FNM did same thing but I am avoiding it today
[10:47] {Threei} it likes me not
[10:51] {magoo} but i still like u
[10:52] {esemde} Vad have you got a way of determining Bull traps....Thats what i seem to be getting alot of these days
[10:52] {esemde} breakouts retreating significantly
[10:53] {esemde} ie..PDCO had a buy stop in there but decided not to go for it and it did retreat
[10:54] {Threei} ese, these days are dictated by oil
[10:54] {Threei} stocks rarely move on their own merit
[10:54] {Threei} standard setups are being distorted by this correlation
[10:59] {kazaam} MHP L .54
[11:01] {kazaam} yeah, the jbe plays hardly worked last week, I had to start learning new stuff! imagine that
[11:02] {Threei} plus, overall - in highly volatile markets aggressive entries are usually woriking better
[11:02] {magoo} sigh
[11:02] {kazaam} out +.13
[11:02] {Threei} wtg
[11:03] {magoo} i wish i could take aggrssive enytries
[11:03] {Threei} lol
[11:03] {kazaam} man i have been the king of getting out too early this morning
[11:03] {Threei} look who is talking... probably molst aggressive entrist (if that's a word) in da room
06[11:04] * Threei slaps laserdave1 around a bit with a large trout
[11:04] {magoo} nah...yesterday if u didn;t scalp u get waffled
[11:04] {kazaam} mmmmmm waffled
06[11:04] * magoo slaps laserdave1 around a bit with a large trout
[11:05] {laserdave1} magoober
[11:05] {laserdave1} Vadsterrrrrr
[11:05] {laserdave1} hows it going guys
[11:05] {laserdave1} i missed u too magoo
06[11:05] * laserdave1 slaps magoo around a bit with a large trout
[11:05] {magoo} good..how are u?
[11:05] {magoo} :)
[11:05] {laserdave1} good thanks
[11:06] {magoo} vad, room nice and quiet without me??
[11:06] {Threei} yes, excpet when we talked about you
[11:06] {magoo} he he
[11:06] {magoo} all negative i presume
[11:06] {Threei} and loud
[11:06] {Threei} :)
[11:06] {laserdave1} when i was bored i would just type it out even though you were not here
[11:07] {Threei} OK{ something has changed
[11:07] {laserdave1} laserdave1 hits magoo in the but with a large trout
[11:07] {Threei} both USO and UAUA went up
[11:07] {hawkfan4} UAUA strong
[11:07] {Threei} backing off until we figure it out
[11:18] {kazaam} oil looks ready to pop up
[11:18] {Threei} I am hesitant to call it... look at last similar setup it formed
[11:19] {Threei} from 10:10 to 10:30 approx
[11:19] {Threei} looked ready to break out and pop, and dumped hard instead
[11:20] {Threei} if it holds as a pattern, it will fall to 97 now :)
[11:20] {kazaam} bear flag at 10:!0 to 10:30, kinda looks like head and shoulder now
[11:21] {magoo} to bad we can't short uso
[11:21] {Threei} we can short OIH
[11:22] {magoo} oh right
[11:37] {Threei} and now for the wisdom from above:
[11:37] {Threei} no, really?
[11:38] {kazaam} i think i speak for everybody, without government analysis we would be lost
[11:38] {Threei} like scared children in the darkness
[11:38] {Threei} and the most scary thing is
[11:38] {Threei} magoo would try to get me to hold his hand
[11:39] {magoo} that does it!!!!
[11:39] {Threei} oops
06[11:39] * magoo slaps Threei around a bit with a large trout
06[11:39] * Threei ducks
[11:58] {kazaam} MHP, 40.00 daily support, how do you think that will hold if the market turns downward?
[11:58] {Threei} doubt it
[11:59] {kazaam} tks
[12:13] {Threei} FSLR reports tomorrow
[12:14] {Threei} probable followers LDK, CSIQ
[12:14] {hawkfan4} that's always entertaining
[12:17] {Threei} I am morally, mentally and ethically ready for another big oil drop
[12:19] {Threei} I'd say, USO at 95 would bring tears of joy to my eyes
[12:22] {hawkfan4} mine too, and the sooner the beter
[12:32] {Threei} loss of .80 should launch next leg down USO
[12:33] {Threei} especially if stays under 98
[13:02] {magoo} .
[13:02] {magoo} 29 minutes of silence
[13:02] {Threei} see anything moving?
[13:03] {Threei} unless you want to scalp for 5 cents, thnere is nothing out there
[13:03] {GeoArb} emn?
[13:03] {magoo} i was hoping u did
[13:05] {Threei} not sure Geo
[13:05] {GeoArb} pulled back and approaching lows agfain
[13:07] {GeoArb} scalped 10 cents but got out as didnt have vad validation hehehe
[13:16] {GeoArb} drat
[13:23] {GeoArb} anyone else play emn?
[13:23] {kazaam} naw, i was on EOG for 8 cents
[13:24] {kazaam} the E's are paying out huge
[13:24] {GeoArb} emn dropped 60 cents and i booked 10
[13:24] {GeoArb} hehe
[13:25] {kazaam} time to start working on a time machine
[13:25] {GeoArb} way to go brushing teeth
[13:25] {GeoArb} CL broke
[13:28] {magoo} vad, any "feel" for how days gonna play out?
[13:28] {magoo} close on highs?
[13:28] {Threei} yes
[13:29] {Threei} for now at least
[13:29] {magoo} strange day
[13:31] {kazaam} fnm, trying to break 11.20
[13:34] {magoo} AAPL going for 159...risky..needs mkt
[13:44] {peterg} TITN
[13:44] {peterg} intrsg
[13:44] {peterg} th
[13:44] {peterg} tg
[13:44] {peterg} intrstg
[13:45] {Threei} give up peter
[13:45] {Threei} it's hopeless
[13:45] {Threei} just ask magoo
[13:45] {Threei} he tries to type things 5 times before he shrugs and leaves all his mistypes alone
[13:46] {magoo} yuiop
[13:46] {magoo} yip
[13:46] {Threei} zere u goe
[13:46] {magoo} uyp
[14:13] {hawkfan4} friggin oil
[14:14] {Threei} won't give up easy eh
[14:15] {Threei} I'd think it's simply oversold a bit short term
[14:15] {Threei} bounces are to be expected
[14:22] {Threei} well, wat was that
[14:22] {Threei} on both sides
[14:23] {Threei} - Weekly figure indicates that US retail gasoline demand is at its highest level since 2007.{USO}
[14:39] {Threei} {SPWR TSL STP ESLR SOLF}
[14:43] {kazaam} nice earthquake here
[14:44] {Threei} where?
[14:44] {kazaam} los angeles
[14:44] {GeoArb} yup
[14:44] {lars} knocked down a pic on wall here
[14:44] {Threei} really?
[14:44] {Threei} wow
[14:44] {GeoArb} my windows shaking
[14:44] {magoo} wow
[14:44] {GeoArb} i had to errr
[14:44] {GeoArb} run out of house
[14:44] {lars} hope thats it!
[14:45] {Threei} on CNN now
[14:46] {lars} I live by Temecula in SoCal... shook pretty good
[14:46] {lars} not long though luckily
[14:47] {magoo} 5.6
[14:47] {magoo} los ang to san diego
[14:47] {lars} center?
[14:48] {kazaam} santa barbara too
[14:48] {Threei} epicenter seems to be near Pomona they said
[14:48] {laserdave1} geo dcc please
[14:48] {Chaeron} I'm ok in Newport if anyone was worried :))
[14:48] {Threei} and Chino Hills
[14:49] {Chaeron} I heard center was Chino
[14:49] {Threei} anyone heard from Chaeron lately?
[14:49] {Chaeron} :P
[14:50] {peterg} hmmm..hit laser sell, sez no short available; but I wuz long SOLF for my nickel
[14:50] {peterg} then i sold out losing my nickel.
[14:50] {peterg} grr
[14:50] {peterg} thks anyway
[14:51] {Threei} you had sell order in at higher price?
[14:51] {peterg} mkt
[14:51] {magoo} upgraded to 5.8
[14:51] {GeoArb} hehehe latimes down
[14:52] {peterg} going again SOLF
[14:53] {Threei} all solars do
[14:53] {peterg} watching
[14:53] {peterg} burnt, ha ha
[14:56] {magoo} any big reports tonite vad?
[14:56] {Threei} no
[14:57] {Threei} tomorrow FSLR, DIS, SBUX
[14:57] {Threei} SYMC
[14:57] {magoo} after bell tomorrow?
[14:57] {Threei} yeah
[14:58] {Threei} so solars are probably going to play tomorrow as well
[15:00] {Threei} so it's not a Big One yet?
06[15:00] * Threei takes off his hard hat
[15:06] {Threei} CTDC trying to jojn solar race
[15:09] {esemde} I like to hear that solars may be in play.....have been following a huge list of them
[15:10] {Threei} WM?
[15:22] {Threei} hearing npizes about FNM running ahead of Bush signing the bill... isn't it given?
[15:22] {hawkfan4} if i knew what a npizie was i could answer ;)
[15:23] {fernp} lol
[15:23] {Threei} I aam so sleepy, I can't even unholster my trout
[15:23] {hawkfan4} :) my lucky day
[15:23] {Threei} that's your salvation :)
[15:24] {peterg} zzzz
[15:24] {Threei} great... just when I started lifting my eyelids
[15:25] {Threei} thanks a lot peter
[15:25] {magoo} trout??
06[15:25] * Threei ducks
06[15:25] * magoo slaps Threei around a bit with a large trout
[15:25] {peterg} good, thanks
[15:25] {peterg} that feels betr
[15:26] {peterg} btw, I saw vad's favorite movie, "Stalker"
[15:26] {Threei} really? I bet you fell asleep 12 times
[15:26] {peterg} at 2hrs 45 min, i was asleep for 9/10 of it
[15:26] {peterg} very talky philosophical
[15:27] {peterg} camerman learning to shoot distant pans
[15:27] {Threei} thing is, that's half of the package
[15:27] {Threei} there was a book first,
[15:27] {Threei} very dynamic
[15:27] {kazaam} the ending of stalker was the best
[15:27] {Threei} real page turner
[15:27] {peterg} with the telekinesis?
[15:27] {Threei} called Roadside Picnic
[15:27] {kazaam} yeah
[15:27] {kazaam} so you suggest reading the book?
[15:27] {Threei} then movie was filmed,
[15:27] {kazaam} which is slower?
[15:28] {Threei} based purely on underlying phylosophical message
[15:28] {Threei} if you read the book, you may appreciate the movie
[15:28] {Threei} if not, it's pure zzzz
[15:28] {Threei} book was very dynamic, kaz
[15:29] {Threei} nothing like movie
[15:29] {kazaam} i am going to take a gamble and assume the book is more entertaining than the markets right now
[15:29] {Threei} and Stalker himself is a very colorful figure
[15:30] {peterg} there was something gripping & involving, but I can't figure out what
[15:30] {peterg} The pace was glacial.
[15:30] {Threei} http://en.wikipedia.org/wiki/Roadside_Picnic
[15:31] {Threei} A Roadside Picnic film based on the novel is now in development by Columbia TriStar, to feature John Travolta, with a 2008 release date
[15:31] {kazaam} yeah, when i think Stalker i think JOhn travolt
[15:32] {kazaam} jk jk
[15:32] {Threei} hehe
[15:32] {Threei} digfferent meaning of word
[15:33] {Threei} book itself in both languages:
[15:33] {Threei} http://www.shnaresys.com/roadside/picnic/parallel.htm
[15:33] {peterg} vad you are a scholar of the book/movie
[15:34] {GeoArb} pssst
[15:34] {peterg} is that the whole book?
[15:34] {GeoArb} he is the authhor
[15:34] {peterg} ahhhh
[15:34] {Threei} lol
[15:34] {Threei} not sure, didn't scroll it all
[15:35] {Threei} looked in a few spots, looks authentic
[15:35] {peterg} is long
[15:35] {Threei} not really
[15:35] {peterg} shlee i shlee, i pele vechnuyu pamyatch (opening line of Dr. Zhivaog
[15:35] {peterg} we will now discuss russian literature
[15:36] {peterg} before sleeping
[15:36] {peterg} while sleeping
[15:36] {GeoArb} you insulting?
[15:36] {peterg} whom?
[15:36] {peterg} how?
[15:36] {GeoArb} russinan lit
[15:36] {peterg} nyet
[15:36] {GeoArb} lolol
[15:37] {peterg} esp. old Russ lit, like it myuself
[15:38] {Threei} mags, market seems to be doing it
[15:38] {Threei} wants to close at the high
[15:39] {peterg} laser couldn't give me SOLF or ESLR to short when it was trending down Universal?
[15:40] {Threei} I guess they are shorted to death, not much inventory
[15:40] {Threei} one of factors that drives price up now
[15:40] {Threei} book can be downloaded from official site of authors at http://www.rusf.ru/abs/books/pno.zip
[15:40] {GeoArb} yes universal
[15:41] {GeoArb} i checked 2 others
[15:41] {laserdave1} mer going nuts
[15:41] {GeoArb} my previous mention
[15:41] {GeoArb} cl
[15:43] {peterg} thks
[15:44] {Threei} from NQ daily, 1860 bereak should launch next leg up
[15:44] {Threei} hawk... no question "what bereak is" is allowed
[15:44] {hawkfan4} lol, :)
[15:45] {peterg} thats our next pres, bereak obama
[15:46] {Threei} great... how did I get myself in political discussion
[15:46] {peterg} except canadians, never mind
[15:46] {GeoArb} are you talking about cathering the great vad?
[15:47] {peterg} geo, what is cathering? medical procedure?
[15:47] {Threei} rofl
[15:47] {GeoArb} lol
[15:47] {GeoArb} bunch of potemkins
[15:47] {peterg} fooled catherine
[15:50] {Threei} OK guys, tomorrow should be an interesting day
[15:50] {magoo} ty vad..all
[15:50] {Threei} solars get in the picture, it's been a while since we had anything to play aside of financials and airlines
[15:50] {Threei} a bit more variety in the buffet
[15:51] {Threei} have a good evening, see you all tomorrow
[15:51] {lars} nice :)
[15:51] {lars} evening all
[15:51] {peterg} bye all
[15:51] {peterg} hope quake done
[15:52] {fernp} see you all tomorrow