Tuesday, September 2, 2008

Sep 02 2008

Session Time: Tue Sep 02 00:00:00 2008

[08:59] {Threei} Good morning
[08:59] {patience} morning vad, RT :)
[09:00] {brian3579} gm all
[09:00] {Threei} patience, brian :)
[09:00] {hawkfan4} good morning
[09:00] {Threei} hawk :)
[09:02] {hawkfan4} oil nicely clobbered
[09:02] {Threei} no kidding
[09:02] {Threei} can we have straight down to $80, no bounces please?
[09:04] {cosmo} i would like the bounce off $15 please
[09:04] {Threei} I don't mind
[09:05] {Threei} but keep it to $15.02 if possible
[09:05] {cosmo} 15 looks firm
[09:05] {Threei} as a top of bounce I mean
[09:05] {cosmo} oh
[09:08] {Onix} good morning all
[09:08] {Threei} Onix :)
[09:08] {Threei} nice kickstart to markets, this opening
[09:08] {esemde} good morning....everyone had a great long weekend .....
[09:08] {Threei} ese :)
[09:08] {esemde} hey vad..
[09:08] {Threei} hard not to, with this beautiful streak of weather
[09:09] {fernp} Good morning all
[09:09] {Threei} fern :)
[09:09] {esemde} fabulous weather in the inner harbour yesterday
[09:09] {Threei} volume and breadth will start returning to the markets gradually
[09:09] {esemde} dp....did you make it over
[09:10] {Threei} so we will have to oppoertunity to finally diversify ourt trading vehicles form the narrow circle of stocks of late
[09:11] {cosmo} 3i... how's the Dragon software going?
[09:11] {Threei} haven't had a chance yet
[09:11] {Threei} partciularly, technology sector was abandoned for entire summer
[09:12] {Threei} and depressed enough to provide nice plays when it gets back in ficus
[09:12] {dptl} good morning all
[09:12] {Threei} dp :)
[09:12] {cosmo} let me know when you do ....if you can do it, i can do it
[09:13] {esemde} dp....did you make it over to the island yesterday...
[09:14] {dino} gm all
[09:14] {Threei} dino :)
[09:15] {peterg} gm all also
[09:15] {Threei} peter :)
[09:15] {dptl} ese:)...no i didnt
[09:16] {esemde} ahhh ...too bad we had a great show at Blues Bash....
[09:16] {esemde} as vad said...the weather was perfect
[09:17] {peterg} here in twin cities tv describes Anarchists in the streets............
[09:17] {peterg} good weather too
[09:18] {dptl} :)...we had no summer here
[09:18] {esemde} anarchists in the streets........
[09:18] {peterg} they shouldn't break windows, just protest.
[09:18] {esemde} what are they protesting peter
[09:18] {peterg} RNC
[09:18] {peterg} repub nat cdonventenion is here
[09:18] {peterg} to nominate mccain
[09:18] {esemde} ah in St Louis.....
[09:19] {peterg} st paul!!!
[09:19] {esemde} mineappolis....st Paul
[09:19] {peterg} yes
[09:19] {peterg} wife being canadian, I understand not knowing states and cities
[09:19] {peterg} anmd presidents, etc.
[09:20] {peterg} and us history especially
[09:20] {peterg} all is forgiven
[09:20] {esemde} tks
[09:20] {Threei} lol
[09:20] {peterg} welcome
[09:21] {tomg} gm all
[09:21] {esemde} tom
[09:22] {Threei} tom :)
[09:23] {cosmo} SIGA
[09:24] {cosmo} # Q2 2008 SIGA Technologies Earnings Release - Before Market OpenCCBN(Tue, Aug 12)
[09:24] {cosmo} oops
[09:25] {cosmo} no news
[09:27] {pita} gm all
[09:27] {cosmo} SIGA 4.20 pre mkt high fwiw
[09:28] {Threei} pita :)
[09:29] {Threei} SIGA had news on Fri
[09:29] {Threei} 08/29/08 02:54pm [SIGA] Update: Reportedly awarded $55M contract from the NIH
[09:30] {cosmo} UAUA takes off
[09:32] {dino} pcln
[09:32] {Threei} UAUA pullback to about 13.20 would be of interest
[09:33] {Threei} if oil drops fast, 13.40
[09:33] {dino} hmmm, 11700 area dji again do we finally break the pattern
[09:34] {Threei} a bit more down UAUA please
[09:34] {Threei} almost there
[09:35] {Threei} USO is still upticking
[09:35] {Threei} don't jump in too soon
[09:35] {Threei} wait for USO to reverse
[09:36] {Threei} in
[09:36] {Threei} stop under .20
[09:38] {Threei} half out +.20
[09:39] {Threei} half out STSI 3.50
[09:40] {Onix} 15c in UAUA ty Vad
[09:40] {Threei} :)
[09:43] {Threei} out balance UAUA
[09:43] {tomg} thanks vad
[09:43] {Threei} welcome
[09:44] {Threei} just in time
[09:45] {Threei} powerful break STSI
[09:46] {Threei} out in full 3.69
[09:47] {Threei} not too shabby from 3.21
[09:47] {hawkfan4} nice job
[09:47] {Threei} ty
[09:48] {Onix} missed STSI
[09:48] {Threei} that was overnight hold Onix
[09:49] {Onix} good for you!
[09:49] {Threei} alerted on Fri woth warning that it was not likely to resolve that day
[09:51] {Threei} Long Setup: NVDA .86 with .79 stop
[09:52] {esemde} double bounce Vad.....
[09:52] {magoo} HEY
[09:52] {Threei} yup
[09:52] {Threei} magoo :)
[09:52] {esemde} do you have that as a scan....
[09:53] {Threei} plus, want to start trying techs
[09:53] {Threei} and risk is negligible on this setup, 7 cents
[09:53] {Threei} no
[09:53] {esemde} true
[09:53] {Threei} just went over former tech names
[09:53] {Threei} to see if any of them has something attractive to try
[09:54] {dino} ouch bucy
[09:54] {Threei} if market ramps up nicely, RMBS will also be interesting on 18 break
[09:55] {esemde} are you looking for any sort of volume indication.....
[09:55] {esemde} support or something
[09:55] {esemde} i've been watching nvda for a week or so now
[09:55] {Threei} just for the right chart configuration
[09:56] {Threei} TASR
[09:56] {esemde} i want to go long around the 13.50 range .....
[09:58] {Threei} TASR actually doesn't look bad
[09:59] {Threei} NVDA invalidated
[10:00] {Threei} *JULY CONSTRUCTION SPENDING (M/M): -0.6 V -0.4%E
[10:00] {Threei} *AUG ISM MANUFACTURING: 49.9 V 50.0E; PRICES PAID: 77 V 82.0E
[10:04] {Threei} Long Setup: COCO 14 if stays above 13.85
[10:04] {Threei} keep an eye on APOL as leading indicator
[10:05] {judijim} good morning everyone
[10:05] {Threei} jj :)
[10:06] {magoo} jj:)
[10:07] {Threei} careful with COCO if you went for it
[10:07] {Threei} let's tighten it to .89
[10:08] {Onix} in COCO @ 14
[10:08] {Threei} APOL needs to bounce from here to provied additional impulse to COCO
[10:09] {Threei} no worky
[10:10] {dino} scanner going red fast fwiw
[10:11] {Onix} stopped COCO
[10:17] {Threei} USO is likely to drop from here
[10:18] {Threei} Long Setup: UAUA .92
[10:18] {Threei} .79 stop
[10:19] {Threei} UAUA 1:1, out
[10:19] {magoo} out .06 TY
[10:19] {Threei} welcome
[10:19] {Threei} maybe capable of more but wat to keep sure wins for now
[10:19] {magoo} yeah, we can reload it
[10:20] {Threei} can reenter, can't re-exit
[10:20] {Threei} vadism of the day
[10:21] {hawkfan4} lol, i like that
[10:22] {Threei} - Reminder: Back on 8/06 Fitch cut FRE's preferred stock to A from A+, placed subordinated debt on watch negative.{FRE FNM XLF}
[10:23] {Threei} I wish I knew what that means lol
[10:23] {Threei} FRE has a look of two-sided setup
[10:23] {Threei} 4.96 long if stays above 4.80;
[10:23] {Onix} notr mortals to know
[10:24] {Threei} 4.79 short if stays below 4.95
[10:24] {dino} means stock no good, bonds will survive
[10:24] {_csepulve33} hi
[10:24] {Threei} good morning csepulve
[10:24] {dino} gm
[10:24] {Threei} move chair closer
[10:24] {Threei} but they mentioned preferred, no common dino
[10:24] {Threei} that's what confuses me
[10:25] {Threei} anyway, let's not overanalyze it
[10:25] {Threei} setu is setup
[10:25] {dino} same meaning, preferred will drop, may survive, may not
[10:25] {Threei} got it, ty
[10:25] {dino} remember, the bonds are the roots of the tree
[10:26] {Threei} certainly
[10:26] {Threei} but they can keep bonds obliogations while killing commons
[10:26] {dino} common = leaves, preferred = limbs
[10:26] {_csepulve33} hi, I am on a trial in this chat, can anyone tell me how it works?
[10:26] {Threei} simple... observe the calls and comments
[10:26] {Threei} trade those you feel safe with
[10:27] {dino} its a jungle
[10:27] {Threei} don't hesitate to ask questions
[10:27] {dino} apol stalking
[10:27] {_csepulve33} Do you trade only stocks?
[10:27] {Threei} we exited UAUA just in time, eh?
[10:27] {Threei} mostly, yes
[10:27] {Threei} ETFs sometimes
[10:28] {_csepulve33} eminis?
[10:28] {Threei} not per se,
[10:28] {Threei} a lot of comments can be applied to e-minis
[10:28] {Threei} but mostly we use them as leading indicators
[10:28] {dino} 100% stocks for me
[10:28] {_csepulve33} Can I ask why do you dont trade the eminis?
[10:29] {Threei} one can't trade everything on earth... we like to diversify
[10:29] {Threei} and stocks provide wider range of opportunities
[10:29] {_csepulve33} ahh that ok, I ask simple because people think futures are more risky and fast than stocks
[10:30] {Threei} in a way, yes
[10:30] {Threei} let's tighten FRE setup
[10:30] {Threei} 4.93 long if stays above 4.85
[10:31] {_csepulve33} Where is Vad? he is in this room?
[10:31] {Threei} a bit less confidence, trade-off is tighter stop
[10:31] {Threei} that would be me
[10:31] {Threei} for a short side of this setup I still prefer 4.79 as a trigger
[10:31] {fernp} out ABK +.15 (easy money)
[10:32] {Threei} gj
[10:32] {Threei} magoo, have a look at UAUA
[10:32] {magoo} see it
[10:32] {Threei} aren't you glad we kept our expectations to a scalp
[10:32] {dino} apol sm s .25, stop .63
[10:32] {magoo} still seems to be the way 6o go vad
[10:32] {magoo} to
[10:33] {Threei} yeah, we are just starting fall trading
[10:33] {Threei} chan ge doesn't occur in one day
[10:33] {magoo} chan ge? oriental saying?
[10:33] {Threei} change
[10:33] {Threei} with hiccup
[10:33] {Onix} lol
[10:37] {Threei} Long Setup: LNCR .60 half lot
[10:37] {Threei} if stays above .50
[10:38] {_csepulve33} LNCR on 1 minute time frame?
[10:38] {Threei} yes
[10:40] {Threei} oil bounce keeps a lid on the market for now
[10:40] {magoo} fre short
[10:40] {Threei} profit taking should come soon though, and is likely to be severe
[10:41] {_csepulve33} are you trying to buy breakout at 33.57 on LNCR?
[10:41] {Threei} stop .93 for FRE
[10:41] {Threei} it got invalidated by losing .50 support, csepulve
[10:41] {Threei} not interested anymore
[10:42] {_csepulve33} ok
[10:43] {dino} v sm s rimm .05 wide
[10:46] {Threei} Attention: FRE stop to 4.85
[10:46] {Threei} don't want to run into double bottom
[10:49] {dino} apol bstop to .61
[10:49] {dino} expect slip
[10:49] {Threei} most likely scenario: pne more bounce USO, no new high, and down
[10:49] {Threei} missed UAUA entry, hoping for pullback
[10:50] {Threei} as close to .50 as possible
[10:50] {dino} rimm nstop to b/e
[10:51] {dino} rimm stopped reverse slip .98, +.07
[10:51] {_csepulve33} FREE starts to run
[10:52] {_csepulve33} FRE sorry
[10:54] {Threei} here comes USO bounce
[10:56] {dino} apol bstop to .29
[10:56] {dino} out/cover +.96
[10:56] {Threei} wtg
[10:56] {dino} ty
[10:56] {dino} darn rimm would've worked too
[10:57] {Threei} out FRE
[10:58] {Threei} UAUA not pulling back enough
[10:58] {Threei} .68 is a bottom of a pullback
[10:59] {esemde} first day of work early staff meeting.........see you all tomorrow.....
[10:59] {Threei} take care ese
[10:59] {esemde} see ya vad
[11:01] {dino} bye es
[11:01] {magoo} c u es
[11:04] {Threei} stsi
[11:04] {Threei} thing is still holding
[11:05] {Threei} 3.70 break is probably one more scalp opportunity on it
[11:05] {Threei} if holding above 3.55
[11:07] {dino} v sm ma l .15
[11:09] {cosmo} NVDA needs to hold 12.65 imo
[11:09] {Threei} if USO breaks .30 backing off longs for now
[11:10] {Threei} need it to lose 88 while not going above 88.30
[11:11] {Threei} if that happens, grab UAUA with stop under .80
[11:14] {dino} cedc death again
[11:18] {cosmo} NVDA tests lod
[11:18] {Chaeron} GM all\
[11:19] {dino} gm
[11:19] {Threei} chaeron :)
[11:22] {Threei} well USO?
[11:22] {Threei} make up your mind
[11:22] {hawkfan4} fakes left, goes right
[11:25] {Threei} don't like this spike... can't tell if it's last gasp or real strength
[11:26] {dino} gild
[11:32] {dino} cedc sm l .40 stop .07
[11:38] {dino} iclr spike
[11:42] {Threei} SAPE??
[11:44] {hawkfan4} nothing here
[11:44] {Threei} last week news
[11:44] {dino} cedc not moving, tighten to .23
[11:47] {dino} ced stopped slipped to .17 ave -.23
[11:48] {peterg} out cedc -.11
[11:48] {dino} ttgt
[11:49] {dino} good stop peter, sorry bud
[11:49] {peterg} no prob, tks for advices
[11:50] {dino} gild sm l .63 stop .27
[11:50] {peterg} glid
[11:51] {peterg} wrong screen
[11:52] {Threei} STSI is till valid
[11:55] {pita} later all - good luck, day job calls
[11:55] {Chaeron} bye pita
[11:55] {magoo} c u pita
[11:55] {dino} cya pita
[11:56] {Threei} take care pita
[11:57] {Threei} well STSI... if you can take .75 I will be very impressed
[11:58] {Threei} I am impressed
[12:06] {dino} pcln wants 100
[12:08] {Threei} we are in lunch time, take STSI profit as you see fit
[12:08] {hawkfan4} nice one, thx vad
[12:08] {Threei} welcome
[12:16] {dino} one more spike ttgt imo
[12:23] {dino} sm s ttgt .03 stop .39
[12:28] {magoo} this market BLOWS
[12:36] {Threei} watching RIMM for bounce
[12:37] {Threei} quick dive under 120 should be it
[12:38] {dino} waiting at 119.20
[12:42] {Threei} doesn't want to lose 120
[12:43] {Chaeron} there you go
[12:43] {Threei} OK
[12:47] {Threei} one more leg down is needed
[12:47] {Threei} still no mesningful strength
[12:47] {Threei} dino's idea of entry looks right
[12:49] {Threei} STSI is probably exhausting its move
[12:49] {Threei} quick spike to .95 aand drop all the way back to where spike started feels like last legs
[12:52] {dino} i don't know maybe lower
[12:54] {magoo} i have apptmt..will be leaving shortly
[12:54] {dptl} got to go...have a good rest of the day ,see ya tomorrow
[12:54] {Threei} take care dp
[12:54] {dino} that was it
[12:55] {dino} take care you two
[13:00] {Threei} SOLR
[13:00] {Threei} SINGS $173M CONTRACT
[13:02] {Threei} - Pickens says oversupply in natural gas could lead it to drop to a $6 handle{
[13:07] {dino} beat drop
[13:17] {dino} beat sm l .25 stop .87
[13:21] {Threei} how about that drop STSI
[13:22] {dino} hmmm
[13:27] {Threei} I don't think it's worth entry
06[13:28] * Threei slaps laserdave1 around a bit with a large trout
06[13:28] * Chaeron slaps laserdave1 around a bit with a large trout
[13:29] {Threei} just following up my earlier comment on STSI exhausting its move
[13:34] {Threei} what's with SANM
[13:35] {Threei} last news about a month ago
[13:35] {dino} xtex
[13:35] {dino} tyin
[13:36] {dino} thin
[13:43] {Threei} President Nicolas Sarkozy's key electoral promise to allow the French to "work more to earn more" has hit a major snag: most have no desire to put in extra hours to raise their wages, a poll has found.
[13:43] {Threei} really...
[13:43] {Threei} thank you for letting me work but I don;'t want to
[13:45] {dino} roflol
[13:48] {dino} ttgt bstop to .62
[13:51] {dino} wow rimm
[13:51] {dino} wants 115 maybe
[13:52] {Threei} market drop takes RIMM with it...
[13:52] {dino} gild stopped -.36
[13:54] {dino} more like rimm leading market
[13:57] {dino} ttgt bstop to .52
[14:09] {dino} to .43
[14:12] {dino} patience, feeling 70 dji points down for a 300 pt range day
[14:12] {patience} you should see the tsx for a down day
[14:13] {dino} how much?
[14:13] {patience} -345 points
[14:14] {dino} in any case, talking heads gave reason oil down market up huge earlier, what do they say now, as i'm not listening
[14:14] {dptl} i am back:)
[14:14] {Threei} welcome back dp :)
[14:14] {patience} me neither dino, i'm just waiting for a 'v' shaped bounce
[14:15] {dptl} ty:)
[14:15] {Threei} that's one remarkable reversal
[14:15] {dino} same idea patience, wondering if the 11300 area comes into play once more
[14:15] {patience} seems so
[14:17] {dino} dji neg.
[14:18] {dino} ttgt to .34
[14:19] {patience} hey dino, where is magoosky
[14:20] {dino} slipped stopped/cov .35, +.68
[14:21] {dino} beat stop to .65
[14:22] {dino} he left early, his son messed his shoulder up racing, dr. appt.
[14:23] {patience} ouch
[14:26] {dino} beat to .89
[14:26] {Threei} RIMM break of 118 is worth a try long
[14:27] {Threei} under .80 invalidated
[14:28] {dino} oh man beat slipped out aver .85 +.60
[14:36] {dino} rimm sm l .20, stop .79
[14:38] {dino} stopped
[14:38] {Threei} quite a powerful selling today
[14:38] {patience} tsx down -394
[14:39] {dino} indeed about -250
[14:40] {dino} ouch tsx
[14:54] {dino} ok here's the 300 range
[14:56] {Threei} time to bounce soon
[14:56] {Threei} probably another leg down still
[14:57] {Threei} but oberall, end of selling for today should be close
[14:57] {dino} around -100 imo
[14:58] {dino} rimm bottom, sm l .00 trig
[15:02] {dino} l gild .00, stop .73
[15:08] {Threei} upward momo starts
[15:16] {Threei} what do you want from RIMM dino? 118.50?
[15:16] {dino} wanted at least .60
[15:17] {dino} ideally blow thru .60, tighten to that and let it ride.
[15:17] {dino} my gut says we finish green
[15:17] {Threei} I concur
[15:17] {patience} first trading day of the month, fund managers repositioning
[15:17] {patience} gotta get some decent recents for third quarter
[15:18] {patience} returns
[15:18] {patience} yeesh
[15:18] {dino} starting bad imo
[15:19] {dino} .60 is tough walkl
[15:19] {dino} wall
[15:20] {dino} ok tighten
[15:20] {dino} out +.60
[15:21] {dino} too tight
[15:25] {dino} gild out .24 +.24
[15:29] {_csepulve33} bye everyone.....thanks for everything see you tomorrow
[15:29] {hawkfan4} take care
[15:31] {Threei} here come my 118.50 RIMM
[15:31] {Threei} (hopefully)
[15:32] {dino} way to hold
[15:32] {Threei} was very much confident in reversal
[15:32] {Threei} [15:08] {Threei} upward momo starts
[15:34] {Threei} out .41
[15:34] {Threei} 9 cents shy
[15:34] {Threei} ty dino
[15:36] {dino} sm l .gs .50
[15:37] {dino} :)
[15:52] {dino} out gs .89, +.39
[15:52] {fernp} gj
[15:52] {Threei} wtg
[15:53] {Threei} OK guys, thank you all
[15:53] {Threei} have a good evening, see you tomorrow
[15:53] {hawkfan4} thx vad
[15:53] {dino} ty
[15:53] {fernp} bye
[15:53] {dino} yeah, calling it a day here too, decent one, just strange
[15:54] {Threei} a bit, yeah
[15:54] {Threei} transition period
[15:54] {peterg} transition to.......the future!
[15:54] {Threei} will take a few for market to get back from vacation mode in working mode
[15:54] {peterg} some vacation
[15:54] {peterg} not
[15:55] {dptl} have a good evening all
[15:55] {peterg} so long all til tmo
[15:55] {dino} take care all.
[15:56] {peterg} and to all a good night (santa claus?)