Not terribly active day, as expected. Couple stops, couple wins, barely profitable. AAPL saga brought nice trading opportunity when reluctant denial of a rumor appeared but it was mostly for personal consumption, not the room call.
Session Time: Tue Dec 30 00:00:00 2008
[08:34] {lisa_jay} Good morning.
[08:34] {Threei} morning lisa
[08:34] {dawg} gm all
[08:34] {Threei} dawg :)
[08:35] {Threei} sold 500 SLW 6.57 seeing oil and gold down
[08:35] {patience} good morning RT :)
[08:35] {Threei} got 300 more that I picked yesterday at .38
[08:35] {Threei} patience :)
[08:35] {Threei} not sure if it's worth holding
[08:35] {Threei} I guess will dump it if it loses .30
[08:35] {lisa_jay} HI Dawg, Patience.
[08:35] {patience} morning Lisa
[08:35] {dawg} Hello Lisa
[08:36] {patience} wouldn't surprise me if precious metals sulk for a week or so
[08:45] {Larisa1} good morning :)
[08:45] {Threei} Larisa :)
[08:46] {Threei} REPORTEDLY GM 8% 2031 BOND FALLS 238BPS FOLLOWING BAILOUT - UNCONFIRMED SOURCE
[08:46] {Onix} Good morning all
[08:46] {Threei} onix :)
[08:46] {Larisa1} onix, threei :)
[08:47] {Threei} yesterday around 8:40 pm I decided I am all for chemical castration as method of idiots control
[08:48] {Threei} driving kids to ferry, temperature drops to freezing point after some rain during the day,
[08:49] {Threei} on a curvy part of road I hit back ice patch,
[08:49] {Threei} car fishtails a little, AWD kicks in and evens it out,
[08:49] {Threei} I take foot off the gas pedal, arriving safely.
[08:50] {Threei} On my way back, driving at the same spot, there is big SUV, Ford Explorer
[08:51] {Threei} on this same patch loses control totally, wanders all over the road, by sheer luck avoids hitting concrete divider or car in the next lane.
[08:51] {Threei} I take foot off gas pedal again,
[08:51] {Threei} now get this:
[08:51] {Threei} car behind me, THE SAME MODEL, Explorer,
[08:52] {Threei} nervously honks and hurriedly passes me sharply swerving around me.
[08:52] {Threei} Right there, seeing that one with no control 2 seconds ago!
[08:52] {Threei} Now, do we want these people to procreate?
[08:53] {lisa_jay} We will need someone to buy our shares when we sell for profit Vad.
[08:54] {Threei} yeah but life expectancy is not high enough for this kind... they won't be around when we hit sell button
[08:56] {Threei} *OCT CASE SHILLER HOME PRICE INDEX: 158.1 V 161.56 PRIOR; COMPOSITE 20 INDEX: -18% V -17.9%E
[08:56] {Threei} - prior home price revised from 161.56 to 161.65
[09:13] {magoo} morning
[09:13] {dino} gm all
[09:13] {tomg} good morning
[09:13] {Threei} magoo, dino, tom :)
[09:14] {magoo} vad, news GS AAPL FSLR RIMM?
[09:15] {dptl} good morning all
[09:15] {ese} good morning........
[09:15] {Threei} dp :)
[09:15] {Threei} not really mags
[09:15] {Threei} ese :)
[09:16] {ese} heres interesting info for you all.......
[09:16] {ese} it's my birthday tomorow....
[09:17] {Threei} wow... guaranteed celebration every year even if they forget :)
[09:17] {Threei} happy birthday :)
[09:17] {ese} yes indeed!!!
[09:17] {ese} tks
[09:17] {magoo} nice ES ..happy bday
[09:17] {tomg} happy birthday ese :)
[09:17] {Onix} hi magoo; dino; tomg
[09:17] {ese} tks tom
[09:18] {ese} morning onix
[09:18] {tomg} hi onix
[09:18] {Onix} hi ese, happy birthday tomorrow!
[09:21] {ese} thnks you
[09:21] {dino} have a happy b-day es
[09:21] {ese} sorry thank you...thats better
[09:22] {ese} tks dino......
[09:22] {patience} happy birthday ese :)
[09:23] {ese} tks patience.....
[09:30] {gen} gm evrybody :)
[09:30] {Threei} gen :)
[09:31] {dino} rtlx
[09:32] {Threei} watching PAL for 2 break
[09:32] {Threei} I'd prefer it to happen when metals are strong though
[09:35] {Threei} STLD
[09:35] {Threei} watching for long if pulls back to .40 -.50
[09:36] {Threei} half lot, one more leg down
[09:37] {Threei} or .60 break if holding above .50
[09:38] {Threei} better
[09:38] {Threei} .50 break if holding above .40
[09:40] {Threei} Long Setup: SLW .33, stop under .20
[09:41] {Threei} for hard core scalpers under .25
[09:42] {Onix} in .34
[09:42] {dino} rimm sm l .20
[09:44] {dino} stop is .89
[09:45] {Threei} DEC CHICAGO PURCHASING MANGERS INDEX: 34.1 V 33E
[09:45] {dino} clwr blood
[09:45] {patience} agrium and potash doing well, low volume though, cdn side
[09:46] {ese} L SLW .36 1/2
[09:47] {lisa_jay} targets for trades vad?
[09:47] {dino} rimm stopped -.31
[09:48] {Threei} SLW half out on the next spike, STLD is just a scalp if works
[09:50] {Threei} Long Setup: QQQQ .12 if stays above .05
[09:52] {dino} dxd sm l .60
[09:53] {dino} stop lod
[09:59] {dino} out dxd .00, +.40
[10:00] {patience} the market is moving in slow motion
[10:00] {Threei} DEC CONSUMER CONFIDENCE: 38 V 45.5E
[10:00] {Threei} yikes
[10:00] {dino} whew, thought that was me
[10:00] {Threei} let's rally on this, and we are officially in a bull market
[10:01] {Threei} STLD no worky
[10:01] {lisa_jay} STLD stopped
[10:02] {ese} Out SLW too much supply -.06
[10:06] {Threei} good out
[10:06] {lisa_jay} SLW stopped
[10:06] {Onix} stopped slw
[10:06] {dino} vz sm l .95, stop .62
[10:15] {lisa_jay} STLD rinsed.
[10:15] {Threei} Qs setup is back
[10:15] {magoo} yes in .08
[10:18] {magoo} u know..i miss those 500 point swings
[10:18] {Threei} lol
[10:18] {magoo} got used to big movemts
[10:18] {Threei} they'll be back
[10:18] {Threei} we are just having holiday boredom
[10:22] {lisa_jay} in q"s
[10:23] {Threei} STLD, that was rude
[10:28] {Threei} half out Qs here or scalp, your choice
[10:30] {Onix} ty Vad, i took 12c in q's
[10:30] {lisa_jay} Scalped out Q's got 10c thanks Vad.
[10:30] {dino} last try rimm sm l .95
[10:30] {Threei} welcome
[10:30] {Threei} offering second half .28
[10:30] {magoo} .27 here
[10:31] {magoo} out he he
[10:31] {lisa_jay} nice
[10:32] {Threei} out
[10:32] {magoo} nice call boss
[10:34] {Threei} barely covered previous stops, lol
[10:34] {magoo} you are only human:)
[10:36] {magoo} can u believe how nice i am being?
[10:36] {patience} i always said, that magoo...he is a real gentleman
[10:37] {Threei} I can't magoo... I fainted
[10:37] {magoo} :)
[10:37] {patience} meanwhile back at the ranch, i totally missed the momo in cdn banks, ag and energy plays
[10:40] {magoo} haven"t done this in awhile
06[10:40] * magoo slaps patience around a bit with a large new pair of nike running shoes
[10:40] {patience} as long as they are new
[10:45] {lisa_jay} testing
[10:46] {lisa_jay} drys is perky this morning.
[10:46] {ese} back long SLW .29 1/2 lot
[10:47] {magoo} vads, news FSLR?
[10:47] {Threei} nope
[10:51] {Threei} Long Setup: LINE .10 break half lot if stays above 15
[10:55] {magoo} any read PRU vad?
[10:56] {Threei} mostly mirrors market today
[10:57] {Threei} probably worth try for bounce scalp on sharp dive under .50
[10:57] {Threei} smaller shares
[10:58] {Threei} GM
[10:58] {Threei} COMPANY HAS REPORTEDLY OBSERVED INCREASE IN SHOWROOM TRAFFIC AFTER ANNOUNCEMENT OF GMAC AS A BANK HOLDING COMPANY
[10:58] {Threei} - Sales Chief: December sales had been better m/m before announcement of recent incentivized offers, may evaluate return to leasing
[10:58] {Threei} - Notes that 2009 sales expectations remain unchanged{F}
[11:02] {patience} heading out for a bit, watching brazilian stocks, PBR is one i wanted to trade today
[11:02] {KSystems} good morning
[11:03] {Threei} KS :)
[11:03] {Onix} hi KS
[11:03] {KSystems} hey vad, onix
[11:03] {Onix} it is so crazy ... when institutions get into trouble, they become banks?
[11:04] {Onix} lke Goldman Sacks & GMAC?
[11:06] {dino} life insueres
[11:06] {dino} insurers
[11:11] {dino} stop rimm .99, +.04 thing won't move
[11:12] {magoo} rimm lost its favor for now
[11:12] {lisa_jay} SVNT
[11:16] {Threei} had news after market
[11:16] {Threei} 12/29/08 05:01pm
[11:16] {Threei} [SVNT] Savient Pharmaceuticals Inc. Pegloticase BLA Filing Accepted for Priority Review by FDA
[11:16] {Threei} - PEGLOTICASE is a novel biological drug for treatment-failure gout (TFG) patients.
[11:16] {Threei} - Under priority review, the target date for an FDA decision on the pegloticase BLA is April 30, 2009.
[11:20] {Larisa1} magoo hurt RIMM's feelings, moving now :)
[11:21] {Threei} PLD
[11:21] {Threei} if losing .40, likely to drop sharply and give nice bounce scalp
[11:21] {dino} wmt sm l .50
[11:21] {magoo} call your entry please..i always chase iin
[11:22] {dino} f'ing rimm
[11:24] {magoo} long aapl here for scalp
[11:24] {magoo} in .18
[11:24] {magoo} stop ..90
[11:26] {magoo} .47 exit
[11:26] {magoo} if gets there
[11:27] {Threei} SAY
[11:27] {Threei} DISCLOSES NO LONGER IN COMPLIANCE WITH INDIAN STOCK EXCHANGE RULES DUE TO DIRECTOR RESIGNATIONS RECENTLY - FILING
[11:27] {Threei} short on .70 break?
[11:27] {Threei} with stop above .80
[11:27] {magoo} avail
[11:27] {Threei} it's not news really
[11:28] {Threei} hard to tell
[11:28] {magoo} missed PRU
[11:29] {magoo} kickin AAPL
[11:30] {Threei} OK, .69 short but with stop above .75
[11:30] {magoo} pretty good kkick
[11:30] {magoo} out
[11:30] {Threei} no kidding
[11:30] {Threei} wtg
[11:30] {magoo} hurt myself tho
[11:31] {Threei} RIMM won't follow for some reason
[11:31] {Threei} didn't make even couple cents on this Qs spike
[11:31] {dino} aapl sm l .40
[11:32] {magoo} yeah,..aapl moves still..not as good as used too..but rimm has quit
[11:38] {Threei} if market goes for new highs, HIG 16 break for a scalp
06[11:39] * Threei slaps Chaeron around a bit with a large Happy New Year greeting
[11:39] {Chaeron} thanks :) Hi all
[11:40] {Onix} hi Chaeron
[11:41] {Chaeron} hi Onix :)
[11:42] {Threei} Santa is here but looks pretty much sapless
[11:42] {Threei} spent
[11:42] {Threei} exhausted
[11:44] {lisa_jay} futures going up...but HIG not breaking that 16
[11:48] {dino} aapl stop to .80
[11:52] {dino} out +.40
[11:54] {Onix} wtg!
[11:55] {Threei} nice one
[11:55] {tomg} wtg dino, i got part of it, ty!
[11:55] {dino} ty
[12:01] {dino} i messed up wmt, had .95 and didn't take it
[12:05] {Threei} CAT
[12:05] {Threei} half lot long on .50 break
[12:05] {Threei} stop under .35
[12:06] {Threei} with any market support is capable of more than scalp
[12:09] {dino} stopped vz .22, +.28
[12:09] {dino} stopped wmt .65, +.15
[12:13] {Threei} put also KLAC on watch
[12:13] {Threei} bounce scalp candidate
[12:18] {laserdave1} laserdave1 hits the entire room with santy claus
[12:18] {Threei} lol
[12:18] {Onix} ty
[12:19] {laserdave1} now tha was imprssive
[12:19] {laserdave1} nprobs
[12:27] {lisa_jay} laserdave1 DCC if you have a minute
[12:30] {dino} itri
[12:30] {dino} ensg
[12:37] {dino} itri sm s .18, risky
[12:40] {Threei} watching KLAC for possible bounce off .50 and CAT off 43
[12:47] {Threei} SVNT nice sizeable pullback
[12:48] {dino} stop on itri is .46
[12:49] {Threei} AAPL
[12:49] {Threei} reports of Jobs health problems
[12:50] {lisa_jay} sheesh
[12:50] {Threei} rumors rather
[12:50] {Threei} if denied, buy all you can
[12:51] {lisa_jay} Drys any read vad?
[12:51] {Threei} AAPL
[12:51] {Threei} HEARING WEAKNESS ATTRIBUTED TO VAGUE SPECULATION ON HEALTH OF STEVE JOBS
[12:51] {Threei} not really
[13:01] {dino} aapl sm l .90, risky
[13:05] {magoo} u in cat vad
[13:08] {dino} vad is the cat
[13:08] {Threei} no
[13:09] {dino} out aapl .30, +.40
[13:10] {lisa_jay} nice
[13:10] {dino} cpla spike
[13:10] {Threei} missed it near 43, got distracted
[13:10] {dino} thin
[13:10] {Onix} gj
[13:10] {dino} midd too
[13:10] {magoo} nice dino
[13:10] {dino} thx
[13:21] {lisa_jay} .
[13:26] {dino} cov itri .85, +.33
[13:26] {Onix} nice
[13:26] {dino} ty
[13:27] {Threei} last time around this happened company was faairly quick to deny rumors
[13:27] {Threei} I guess traders get nervous about lack of denial
[13:29] {dino} we shall buy it again
[13:29] {magoo} oh no u shant
[13:35] {dino} getting interesting
[13:37] {magoo} o no
[13:37] {dino} would seem that jobs is the only aapl employee the way it trades
[13:37] {magoo} the only one in research
[13:37] {Onix} SU?
[13:38] {magoo} SU=shut up?
[13:38] {Threei} lol
[13:38] {Threei} not sure onix
[13:38] {Onix} :)
[13:41] {dino} esrx
[13:41] {lisa_jay} FFIV
[13:44] {Threei} half lot CAT .11
[13:45] {dptl} stop under 43?
[13:45] {Threei} yup
[13:46] {magoo} in cat
[13:46] {lisa_jay} IN
[13:46] {Onix} in .12
[13:47] {ese} talk about your b-flat ordinary tuning type nothing day. Am still long the molasses version of SLW. Although i'm +.08 which would put me up +,02 for the day.
[13:47] {dino} fantastic
[13:48] {lisa_jay} Bright side you are up.
[13:48] {dino} lol
[13:48] {Threei} more ethusiasm AAPL
[13:48] {ese} huh.....aaahhh oh ya....i'm up!
[13:49] {magoo} hate to chase aapl here
[13:49] {magoo} NEWS AAPL CNBC
[13:49] {Threei} denial?
[13:50] {ese} he better be alright.......man i just bought his computor.
[13:50] {magoo} yes
[13:50] {Threei} beautiful
[13:50] {lisa_jay} were u long?
[13:50] {Geo} hi fellow speculators !
[13:50] {Geo} laseedave dcc pls
[13:50] {Threei} grabbed .18
[13:50] {Threei} half out CAT
[13:51] {Threei} CNBC'S GOLDMAN: APPLE DOES NOT COMMENT ON MARKET RUMORS, NOTHING HAS CHANGED FOR PULLING OUT OF MACWORLD CONFERENCE, CITING IRRELEVANCE OF CONVENTIONS
[13:51] {Threei} stop to .04
[13:52] {dptl} cat?
[13:52] {Threei} yes
[13:55] {Threei} this is not real denial, is it
[13:55] {dino} me thinks aapl protests too much
[13:55] {magoo} not a clear denial
[13:55] {Threei} no
[13:56] {Threei} market wants to see him doing push-ups
[13:56] {dino} brings back memories of the 3 d's
[13:57] {Threei} our balance CAT
[13:57] {Threei} out
[13:57] {lisa_jay} stopped
[13:57] {Onix} stoped CAT
[13:57] {Onix} & stopped
[14:01] {magoo} ditto
[14:01] {Threei} am I the only one here taking half at 1:1??
[14:02] {dino} you are te only one here
[14:02] {Threei} oh good
[14:02] {Onix} yup
[14:02] {magoo} yup
[14:03] {Onix} ever hopeful ... i thought 1:1 for CAT was .22 - .24
[14:04] {Threei} hit.22, stalled... why be so literal in choppy thin market?
[14:05] {Threei} [13:50] {Threei} half out CAT
[14:05] {Onix} learning every day ... was too fast for me :)
[14:05] {Threei} SPOKESPERSON: COMPANY WOULD INFORM PUBLIC IF DETERMINED THAT JOBS WAS UNABLE TO PERFORM DUTIES
[14:11] {dino} esrx sm l .60
[14:14] {dino} stop is .33
[14:15] {dino} uhal rocking, thin
[14:17] {Threei} people are moving a lot recently?
[14:22] {dino} \perhaps
[14:26] {Threei} 8 snowmobilers died in avalnche in BC
[14:31] {Threei} FMCN
[14:31] {Threei} SHARES INITIATED WITH BUY RATING AT A BOUTIQUE FIRM, PRICE TARGET $13 (TIMING UNCERTAIN)
[14:35] {magoo} vad..mkt close up big or wha?
[14:36] {Threei} I doubt it
[14:36] {magoo} feels to magoo up
[14:37] {Threei} feels up to me too, but big - hardly
[14:37] {patience} is market open all day tomorrow?
[14:37] {Threei} half
[14:37] {Threei} I think
[14:37] {patience} ty
[14:38] {dptl} i think its a full day
[14:38] {dino} gass
[14:38] {lisa_jay} Patience are you in PBR?
[14:38] {patience} y
[14:38] {lisa_jay} Where did you pick it up?
[14:38] {lisa_jay} thanks.
[14:38] {patience} 23.40
[14:39] {patience} was waiting for a nice pop after the bollinger bands narrowed so nicely
[14:39] {dino} pabst blue ribbons
[14:39] {patience} not exactly taking off
[14:39] {Threei} yup... full day
[14:39] {patience} it is a good swing candidate for me
[14:40] {patience} i'm reading up on brazilian stocks, will narrow the list down to 6 and probably trade them in 2009
[14:41] {lisa_jay} The daily looks very nice...
[14:41] {dino} esrx stopped -.27
[14:41] {patience} slow and steady :)
[14:42] {lisa_jay} Not to jinx it, but if it were to not work out...where would you be stopped out? Thanks.
[14:43] {patience} in the 21 dollar area...this is a longer play for me
[14:43] {lisa_jay} Ok, thank you.
[14:59] {dino} esrx getting spanked
[15:02] {dino} vz sm l .80
[15:10] {Geo} hey vad dcc if you have a min pls
[15:13] {dino} vrtx
[15:25] {dino} aapl sm l .70
[15:35] {dino} aapl stoped .25, +.55
[15:35] {lisa_jay} nice
[15:35] {dino} ty
[15:35] {dino} magoo piggy backed it
[15:36] {Threei} watching CSIQ for pullback into .40- .50
[15:38] {magoo} dino..3:40 spikarolla}????
[15:39] {dino} signs point to yes
[15:39] {dino} esrx big old rinse
[15:41] {Threei} will take CSIQ if eats through .60
[15:45] {dino} theres 46 pts
[15:45] {dino} should get 60-80
[15:45] {dino} had 50
[15:50] {lisa_jay} anyone got CSiQ?
[15:50] {Onix} went way too fast through 60, 61 etc.
[15:51] {dino} nope
[15:52] {dino} ok +60
[15:52] {Threei} don't take it on pullback unless willing to hold overnight
[15:52] {Threei} too close to eod in case you lost track of time
[15:53] {dino} crazy 3:40 bounces go 60-80 points just about every day
[15:55] {magoo} DINOOOOOOO
[15:55] {magoo} called it
[15:56] {dino} 82
[15:57] {dino} out vz .20, +.40
[15:58] {dino} slow day, but 8/11
[15:58] {magoo} DDDDDDDIIIIIIIIIIIIIIIIIIIIIIINNNNNNNNNNNNNNNNNNOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
[16:00] {dptl} have a good evening all
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow for the last session of this tortured year
[16:01] {magoo} ty boss
[16:01] {dino} take care all
[16:01] {dino} thx for ideas
[16:03] {dawg} thanks everyone
