Wednesday, June 10, 2009

Jun 10 2009

Very nice day with ESLR run as a main dish. Stock perfectly set up for three styles with single trigger: for scalpers, day traders and swing traders. All three are in the money, with day traders getting 1:4 risk/reward and swing traders taking first partial and securing the rest by trailing stop.

Session Time: Wed Jun 10 00:00:00 2009

[08:17] {vinod} GM to all
[08:18] {vinod} will be back at 9.30
[08:25] {Threei}  Good morning
[08:30] {Threei}  *(US) APR TRADE BALANCE: -$29.2B V -$29.0BE
[08:30] {pita} greetings
[08:31] {fernp} good morning everybody
[08:31] {Threei}  pita, fern :)
[08:32] {Threei}  anyone sees any news on ESLR?
[08:33] {ese} good morning
[08:33] {ese} was just looking at ESLR
[08:34] {Threei}  ese :)
[08:34] {ese} up .20   .....i still have a long position there 6k from a while back at 3.38
[08:34] {Threei}  you investor you
[08:35] {ese} i know.....just couldnt resist
[08:36] {ese} it has enough future work/contracts to put that stock somewhere between$30/40 bills
[08:36] {vinod} I have 3K eslr cost is 4.10
[08:37] {ese} hey V
[08:37] {ese} this one is a long term hold for sure
[08:38] {vinod} ESLR is closer to my home
[08:38] {ese} ahhhh  .....what do you know about V
[08:39] {ese} about them
[08:39] {nemo} transaction revenue, holds no consumer debt
[08:39] {vinod} lots of friend wotk there and working 7/24 very busy
[08:39] {vinod} but stock keepgoing down
[08:40] {ese} morning nemo
[08:41] {nemo} I thought you were asking about "V" ese.  ESLR has heavy debt burden
[08:41] {vinod} Nemo:):)
[08:41] {nemo} vino :)
[08:42] {ese} I think most solar companies do have heavy debt.......still an industry in it's infancy
[08:42] {vinod} they depend on goverment handout
[08:42] {nemo} don't disagree, but the ability to get credit becomes the bigger issue
[08:43] {ese} for sure
[08:44] {nemo} so you had the double whammy of credit and oil price collapse.  Oil is back, credit not yet
[08:44] {vinod} raising oil will drive solar stock
[08:44] {nemo} already has, look at oil in comparison to tsl and stp
[08:47] {vinod} for solar i prefer TAN instead of any perticular stock
[08:48] {ese} why is that V
[08:48] {vinod} it is ETN little less risk than individual stock
[08:49] {nemo} Mmmmmhhhh...Vinod talking about less risk...glad I'm sitting down
[08:49] {vinod} after taking pounding in ESLR
[08:50] {nemo} yeah
[08:50] {nemo} but eslr took a pounding when everything else took a pounding
[08:51] {vinod} they lost 45Mil in LEH bankrupcy
[08:51] {nemo} oh yeah...remember those
[08:52] {vinod} other wise stock was around 9-12
[08:52] {nemo} those were shares pledged for debt if I remember correctly
[08:52] {vinod} yes
[08:53] {ese} oh ya....forgot about that nemo.....LEH too them for a ride there
[08:53] {ese} took
[08:53] {vinod} they replaced that money with hifh interest rate and tough term
[08:54] {nemo} yeah, Lehman did even kiss them behind the ear
[08:54] {magoo} morning
[08:54] {vinod} and stock went to around a buck and i was cooked
[08:54] {nemo} neat timing Mags
[08:55] {Threei}  magoo :)
[08:55] {magoo} hey guyus
[08:55] {magoo} sigh
[08:56] {magoo} guys
[08:56] {_levelseven} good morning RT's
[08:56] {Threei}  l7 :)
06[08:56] * nemo slaps _levelseven around a bit with a large trout
[08:57] {_levelseven} ouch
[08:57] {nemo} it's just a fish l7...not like the 2x4 Mags uses on me
[09:00] {_levelseven} 鱼味道不如木材
[09:00] {nemo} nemo me impune lo quesit
[09:00] {_levelseven} this translation thing is cool
[09:01] {nemo} where?
[09:01] {_levelseven} wasnt my ealier post in chinese?
[09:01] {nemo} yeah...where did you find the translation thing?
[09:02] {_levelseven} right below the text box
[09:02] {_levelseven} 鱼味道不如木材
[09:02] {Threei}  that's mibbit thing nemo
[09:02] {Threei}  not mirc
[09:02] {nemo} ahhhh...I have mirc
[09:02] {_levelseven} shhhh, maybe everyone will think im smart knowing so many languages
[09:03] {nemo} You're here dude, no way
[09:03] {_levelseven} lol
[09:05] {vinod} nemo take a look at SAY in your spare time
[09:06] {nemo} the charts, or do fundamental research?
[09:06] {vinod} fubdamental-i know company good 
[09:06] {nemo} was that the guy who tried to finance his son's company
[09:07] {vinod} yes, now it is sold to good people 
[09:08] {nemo} closed above resistance from April 6 yesterday, had falling volume on the recent pullback
[09:08] {Threei}  nothing on ESLR still
[09:08] {Threei}  I like that actually
[09:09] {nemo} Gapped up yesterday, would want to see it maintain that gap
[09:09] {Threei}  if it starts climbing on now news, it could be sustainable move
[09:11] {nemo} strong this morning Vinod
[09:12] {vinod} yes, i expect 10 with in six month. i got in at 2.10
[09:13] {vinod} has 17000 us mployee
[09:13] {nemo} I remember when you played it right after the bad news.  You made a killing
[09:14] {vinod} they are working on cyber crime with us goverment
[09:14] {nemo} I'm kinda' ambivalent about that :)
[09:15] {ese} what stock are you referring to V?
[09:15] {vinod} SAY
[09:15] {Threei}  let's assume ESLR starts serious move and look how to play it
[09:15] {ese} ok
[09:15] {Threei}  early stage of reversal usually gives nasty pullbacks
[09:15] {nemo} you get that E?
[09:16] {Threei}  so let's try to get in on one of those
[09:16] {Threei}  sharp selling under 2.10, possibly closer to 2
[09:16] {ese} yes
[09:16] {vinod} under 2.10 for ESLR?
[09:17] {Threei}  worth a try
[09:17] {Threei}  as usual, if it drops here:
[09:17] {Threei}  watch for stall, stabilization, signs of strength
[09:18] {Threei}  If no pullback and it forms consolidation near the high, will re-evaluate
[09:18] {_traderw} goodmorning
[09:18] {nemo} V...SAY right @200 day
[09:19] {Threei}  traderw :)
[09:19] {jfjf64} mornin
[09:19] {Threei}  jf :)
[09:19] {Threei}  SQNM nice pullback
[09:20] {Threei}  let's let it settle down and watch for signs of strength resumption
[09:20] {jfjf64} like takin candy  from  baby   lol lol lol
[09:22] {vinod} vad-said yesterday SQNM at 4.50 a buy
[09:22] {jfjf64} 3.70
[09:23] {vinod} said near closed
[09:23] {dino} gm all
[09:24] {jfjf64} morni dino
[09:24] {Threei}  dino :)
[09:25] {dino} :)
[09:26] {dptl} good morning all
[09:26] {Threei}  dp :)
[09:26] {nemo} dino dp :)
[09:29] {Threei}  ESLT dive
[09:29] {Threei}  ESLR
[09:30] {Threei}  SQNM Hearing Caris commenting on stock activity, does not see reason for strength (53.40, 0.00, 0.00%)
[09:30] {nemo} hehehehe
[09:30] {Threei}  does not see reason for strength after speaking with the company
[09:32] {Threei} Long Setup:  ESLR  2.10 break
[09:32] {Threei}  stop for scalpers under 2.05
[09:32] {Threei}  for daytraders under 2
[09:32] {magoo} in
[09:33] {Threei}  and for swing trade if you are so inclined, under 1.80
[09:33] {nemo} in
[09:33] {Threei}  if you got SQNM near 4.50, just a bounce scalp
[09:34] {vinod} ineslr
[09:38] {jfjf64} lets get these .14 out of way
[09:38] {Threei}  hear that chomping sound?
[09:39] {nemo} I hear my teeth gnashing
[09:39] {Threei}  ESLR is not a fast one, too thick
[09:39] {jfjf64} chomp  chomp  chomp
[09:39] {Threei}  pesky scalpers got 1:1 on ESLR
[09:41] {nemo} ty
[09:41] {dino} efut drop
06[09:41] * Threei adds nemo to the list of pesky scalpers
[09:42] {jfjf64} showin  strength
[09:42] {Threei}  SQNM formed double bottom
[09:42] {nemo} well, I partialed at scalp
[09:42] {nemo} so what does that make me?
06[09:42] * Threei correct list - nemo is partially pesky and partially scalper now
[09:43] {magoo} aapl hammered vad
[09:43] {Threei}  bounce time AAPL
[09:43] {Threei}  .15 long
[09:43] {Threei}  stop under 140
[09:43] {magoo} in .12'
[09:44] {Threei}  wtg
[09:44] {Threei}  keep stop and let it trade
[09:44] {Threei}  over 1:1
[09:44] {Threei}  half out
[09:44] {Threei}  wow SAY
[09:44] {Threei}  good one vinod
[09:45] {vinod} i didn't buy it
[09:45] {nemo} he's "invested"
[09:45] {Threei}  aww... you brought it to our attention, I thought you had it
[09:45] {Threei}  AAPL, 1: a lot
[09:46] {Threei}  feel free to take profit as you see fit
[09:50] {Threei}  mags, tell me you are out??
[09:50] {magoo} yup
[09:50] {Threei}  whew
[09:50] {vinod} damm appl
[09:50] {Threei}  went up almost a buck
[09:51] {Threei}  still above entry
[09:51] {vinod} didn't stop out yet
[09:58] {dino} shld sm l .50
[09:59] {nemo} stop?
[09:59] {vinod} ESLR is stuck around 0.17
[09:59] {nemo} army boots vad
[09:59] {Threei}  ah be gentle
[10:00] {nemo} frickin' flower child
[10:00] {Threei}  thing stays near high while NQ sells down 15 points
[10:00] {Threei}  what else do you want
[10:01] {nemo} I want my unrealistic expectations fulfilled
[10:01] {vinod} i can look only one thing at a time
[10:01] {pita} I'm out, it'll take off now - ty 1:1
[10:01] {Threei}  Fed's Lacker: Labor market may weaken further; seeing evidence of consumer resilience; recession may end later this year
[10:01] {Threei}  - Remarks that fiscal stimulus may only have a 'marginal impact'; must not wait too long to move towards preventing inflation
[10:01] {Threei}  - Comments that seeing some signs housing market could bottom out in 2009
[10:02] {Threei}  duly noted pita
[10:02] {Threei}  I have your e-mail btw, will answer later in the day, sorry
[10:03] {pita} at your convenience, not urgent
[10:03] {dino} shld stopped -.41
[10:03] {vinod} out appl 0.53 see you after 13.30
[10:04] {dino} cya vin
[10:04] {Threei}  take care vinod
[10:05] {dino} s/p stopped right next to 950
[10:06] {pita} bounce point AAPL?
[10:06] {Threei}  too late for off.50...
[10:06] {ese} wish these fed guys would just shut up.....everytime they open there the market tanks
[10:07] {dino} psys
[10:15] {Threei}  PSYS Weakness attributed to report PSYS lost a contract with Nevada health agency
[10:16] {ese} L intc avg.35......some from yesterday more today
[10:18] {nemo} chin hit the keyboard yet Vad?
[10:18] {ese} dino....what do you think of sina,  -2.33
[10:19] {ese} price target cut to 23
[10:21] {dino} sina cut to sell, usually they drop 2 bucks
[10:22] {dino} profit falls 33%
[10:22] {ese} a day
[10:22] {dino} ads slump
[10:22] {ese} hmmm
[10:22] {dino} yes 2 bucks on a sell is typical
[10:22] {dino} we missed psys
[10:22] {ese} might try this ....1/2 lots swing short
[10:22] {ese} 1/2 lot
[10:22] {dino} wanted 17.30 when it was 17.45
[10:22] {nemo} psys didn't give much opportunity
[10:23] {ese} ya was lookin at it
[10:23] {dino} watching palm, fdo, wynn, psys, efut
[10:23] {dino} shld
[10:23] {dino} yeah, psys a pulp stock
[10:23] {nemo} define "pulp" please
[10:24] {ese} chews you up
[10:24] {nemo} oh
[10:24] {Threei}  "pulp can move baby"
[10:24] {Threei}  (G. Costanza)
[10:24] {ese} the wrong way
[10:25] {nemo} like that stuff the baby spits up on your shoulder
[10:25] {dino} seinfeld, george gets pulp in his eye, as 3i said above
[10:25] {dino} how about palm
[10:25] {ese} l fitb..30
[10:25] {nemo} Mary?
[10:26] {nemo} sqnm bottoming?
[10:26] {ese} sorry .32
[10:26] {Threei}  I'd try .65 break nemo
[10:26] {nemo} yeah, palm looks like it's strengthening
[10:27] {Threei}  if it's holding .55
[10:27] {ese} out fitb .41
[10:27] {ese} +.09
[10:27] {dino} sm l palm .10
[10:27] {Threei}  PALM strengthening?
[10:27] {Threei}  looks breakdownish to me, careful
[10:28] {nemo} nice on FITB E
[10:28] {Threei}  market strength may save it if NASDSSQ recovers for real
[10:28] {nemo} yeah, looks like everything is mirroring the market right now
[10:28] {Threei}  excpet FITB
[10:28] {nemo} of course
[10:28] {dino} bwld, pnra mcd holding
[10:29] {ese} ya i know....fitb surprised me there
[10:30] {ese} just barely caught that little run
[10:30] {fernp} SLM 8 break, Bad?
[10:30] {fernp} Vad
[10:30] {Threei}  *DOE CRUDE: -4.38M V -200KE; GASOLINE: -1.55M V +1.2ME; DISTILLATE: -318K V +1.1ME
[10:30] {_levelseven} efut nice bounce
[10:31] {Threei}  worth a try fern
[10:31] {Threei}  it's very narrow and slow today
[10:31] {fernp} ok
[10:31] {Threei}  but if market is done dropping (and looks like it), should provide a scalp
[10:31] {dino} ibkc
[10:31] {dino} thinny
[10:33] {dino} missed it l7, wanted 10
[10:33] {ese} L fitb .36 pullback
[10:34] {_levelseven} stocks feet stuck in mud this morning
[10:36] {dino} fdo l .65
[10:37] {Threei}  MS Co President: Have seen the bottom of the financial crisis; economy has 'stabilized' - TV interview
[10:37] {Threei}  - Remarks that many factors still must take place for a recovery
[10:39] {dino} easy to say w/lows 28% under
[10:39] {Threei}  no kidding
[10:40] {nemo} If $ keeps falling and oil keeps going up Xmas season should be really funny...but I'm getting ahead of myself
[10:40] {Threei}  45% Say Cancel Rest of Stimulus Spending
[10:40] {Threei}  yeah, fat chance
[10:41] {nemo} Yeah, that was mostly a restoration of spending Bush cancelled.  Got nuttin' to do w/stimulus in the 1st 2nd or last place
[10:41] {dino} sm l ibkc .00
[10:41] {dino} thin wide
[10:43] {dino} i'm w/the 45%
[10:43] {nemo} me 2
[10:49] {nemo} stop sqnm
[10:50] {Threei}  Canadian Financial Offical: USD to remains worlds primary currency for some time
[10:50] {Threei}  some time?
[10:50] {Threei}  lol
[10:50] {nemo} Yeah, a worldwide supply of toilet paper
[10:50] {pita} Sears catalog somewhat softer
[10:52] {pita} pretty slow mkts
[10:52] {nemo} ya' think
[10:52] {nemo} matches my wits perfectly
[10:52] {pita} Captain Obvious
06[10:53] * nemo gives vad a tissue
[10:53] {Threei}  I don't concede just yet
[10:53] {Threei}  today is Wed
[10:53] {Threei}  there, beat this
[10:53] {nemo} Ahhh.....the sun came up this morning
[10:53] {pita} 10:53 EST
[10:54] {nemo} I win
[10:54] {Threei}  yeah... you guys give me run for my money
[11:01] {dino} shld last try sm l .10
[11:07] {Threei}  there is just no spark in the market today
[11:07] {Threei}  yesterday there was life, excitment
[11:08] {Threei}  today is swamp
[11:11] {fernp} WU long .37
[11:11] {jfjf64} chk s.48
[11:11] {fernp} stop under .30
[11:12] {dino} wow 3i, yesterday i was bored all a.m., today lots of stuff i'm missing, you and i are oppositeno offense of course
[11:13] {nemo} you both had good days yesterday
[11:13] {dino} yes
[11:14] {Threei}  what do you mean no offense
[11:14] {nemo} today might be getting whacked by the oil numbers too
[11:14] {Threei}  if I don't take offense, I will have absolutely nothing to do at all
[11:14] {Threei}  this is my only chance to find what to do
[11:14] {dino} i mean, i'm not disrecting you
[11:14] {dino} disrespecting
[11:15] {dino} ohh, ok
[11:15] {Threei}  I understand... but if I pretend I don't, we can strat a fight and spend time productively and with fun
[11:15] {dino} them's fighting words
[11:15] {Threei}  there... see? fun is about to start :)
[11:16] {Threei}  for the beginning let's practice on magoo
[11:16] {pita} trouting anyone?
06[11:16] * Threei slaps magoo around a bit with a large practicing trout
06[11:16] * nemo slaps magoo around the ankle with a large trout
[11:17] {_levelseven} mkt not cooperating at all, I chose to blame my wife
[11:17] {dino} he's sidetracked w/real estate issues this morning
[11:17] {Threei}  all the better dino
[11:17] {Threei}  that's a valid choice too L7
[11:17] {dino} l7 is going to fit in fine
[11:18] {nemo} Welcome to the your janitor-Vad...doesn't like foul language or innuendo
[11:18] {dino} i prefer, welcome to the jungle
[11:18] {Threei}  who said I don't like them?
[11:18] {Threei}  I don't like additional work if I have to edit them out
[11:18] {nemo} we get going the janitor is always waking up looking at us
[11:19] {nemo} splitting short an curlies there
[11:20] {_levelseven} threei, does chaeron still come here?
[11:20] {vinod} its time for JAZZ
[11:20] {nemo} I saw that
[11:21] {Threei}  he is out for a bout a month
[11:21] {vinod} may be good to enter around 2?
[11:22] {Threei}  can't tell in advance... let's see how it acts if it gets there
[11:24] {Threei}  it completed half of phase III... providing second half shows good results it plans to submit FDA application at the end of 2009
[11:24] {Threei}  sounds to me like recipe for fizzling out
[11:24] {Threei}  it moved as it did only because of general bio hoopla, but tnay dies down too
[11:27] {dino} end of 09 is a long time
[11:27] {Threei}  yeah
[11:27] {Threei}  and :providing second half is good"...
[11:27] {vinod} I am for end at 4.00 p.m
[11:29] {dino} by 4 i expect to be pounding down a brew
[11:30] {vinod} we are allowed to talk about vodka only
[11:32] {dino} no vin, i have to shoot a round of golf tonight, beer and tequilla only
[11:36] {_navigateqd} gone short PH and RS, I stopped out RS and holding my PH short position
[11:36] {Threei}  what price are you short PH at?
[11:38] {_navigateqd} 47.2
[11:38] {_navigateqd} and dare not long RS 
[11:38] {_navigateqd} while it is moving higher
[11:40] {_navigateqd} I feel there's a big seller in PH
[11:41] {_navigateqd} shorting CLF now
[11:42] {dino} cnqr spike
[11:43] {_navigateqd} wow
[11:44] {fernp} 1:1 WU
[11:46] {vinod} you guys are still in ESLR--I am
[11:47] {Threei}  yes
[11:47] {vinod} thanks
[11:49] {_navigateqd} 42.2 seems to be the resistance to RS
[11:50] {dino} out ibkc .69, +.69
[11:54] {jfjf64} chk s .58
[11:55] {dino} zagg spike
[11:55] {dino} and drop, too fast
[11:55] {Threei}  good boy ESLR
[11:55] {Threei}  solidly over 1:1 for day traders
[11:55] {dino} otc forget it
[11:57] {vinod} ESLR 0ut 2k 2.26 left 2k
[11:57] {Threei}  gj
[11:58] {Threei}  now trail stop to under breakeven
[11:58] {Threei}  offer 1K more closer to 1.40
[11:58] {Threei}  then re-evaluate if gets there
[11:58] {vinod} o.k reason I post detail is to let you know if i am doing any thing wrong
[11:58] {_navigateqd} covered PH short at 46.52 
[11:59] {Threei}  nope... you are getting the routine down just right
[11:59] {vinod} o.k thanks vad
[11:59] {Threei}  and you know what the best thing about routine is?
[11:59] {Threei}  it eliminates thinking
[12:00] {Threei}  with it go second guessing, emotional involvement, rule breaking
[12:00] {Threei}  all thnat is left is automated reactions
[12:00] {Threei}  which turns you into trading robot
[12:03] {Threei}  good cover navigateq
[12:03] {Threei}  trail just above last resistance, exactly as I would do it
[12:03] {_navigateqd} out CLF breakeven
[12:04] {_navigateqd} Yeah no momentum to go down any further (PH)
[12:04] {Threei}  put in double bottom, formed resistance and then broke it
[12:05] {Threei}  typical trend reversal
[12:07] {_navigateqd} and I won't go long because it was very weak this whole morning
[12:09] {dino} shld stop to .51
[12:09] {vinod} nemo-I should have joined you in SAY with couple of K
[12:09] {Threei}  SAY getting frenzied
[12:10] {dino} out shld +.41
[12:15] {jfjf64} c/h chk  if anybody  cares  been  watchin
[12:15] {Threei}  SAY becomes today's start
[12:15] {Threei}  let's call it today's SQNM
[12:15] {ese} fitb go baby go!!!
[12:16] {Threei}  Moody's raises ratings on GMAC
[12:16] {Threei}  eeck
[12:16] {dino} wynn sm l .98
[12:16] {Threei}  new high ESLR
[12:16] {dino} we care jf
[12:17] {Threei}  aww dino... what's with encouragement and caring attitude
[12:17] {Threei}  "no jf, we don't, go away" is the right answer
[12:17] {ese} of all the saying you do on here vad.....i really like that one..."eeck"   Thats just about covers everthing that is goofy in the
[12:17] {Threei}  lol
[12:17] {jfjf64} lol
[12:18] {jfjf64} are ya in say
[12:18] {dino} wow jf is out of the circle of vads' trust
[12:18] {Threei}  just the opposite dino, just the opposite
[12:18] {jfjf64} hmmm
[12:18] {Threei}  I wish jf
[12:18] {dino} no jf
[12:18] {Threei}  we are in ESLR though
[12:18] {dino} dealing w/palm, wynn, fdo
[12:18] {Threei}  and we have 1:2 for daytraders
[12:18] {Threei}  1:4 for scalpers
[12:19] {nemo} no such thing as 1:4 for scalpers
[12:19] {Threei}  no
[12:19] {dino} watching efut for double bottom-ish
[12:19] {jfjf64} i took my 5cents  and  ran   no  good
[12:19] {Threei}  it's designed specifically to tease them by invoking scalper's regret
[12:19] {nemo} Captain Obvious
[12:20] {jfjf64} .75 l chk  waitin
[12:20] {dino} pru off .50?
[12:21] {Threei}  long?
[12:21] {Threei}  if holding .40
[12:21] {Threei}  nic tight stop
[12:21] {Threei}  nice
[12:21] {Threei}  Beijing Auto has expressed intereste in Ford's Volvo automobile unit - WSJ
[12:22] {Threei}  Chinese auto industry is being born out of crisis
[12:22] {nemo} getting to buy assets at firesale prices
[12:22] {Threei}  Hammer, Volvo
[12:22] {Threei}  yup, if not now then when
[12:23] {dino} well, that is the way it works vad. 
[12:23] {Threei}  PRU invalidated
[12:23] {nemo} wow you spelled it conventionally
[12:24] {jfjf64} chk ivalidated also
[12:24] {Threei}  that's accident nemo
[12:24] {Threei}  don't assign any significance to it
[12:24] {vinod} Carl Marx talked about transferring the means of production to the State; he didn’t mean the Chinese State?
[12:25] {nemo} Brazil is providing $10B to the IMF
[12:25] {Threei}  I am not familiar with what happens in China well enough... but he sure meant USSR of 20st century and, sadly, USA of 21st
[12:28] {pita} gotta go boys - happy hunting
[12:28] {Threei}  take care pita
[12:28] {nemo} cyapita
[12:29] {dino} cya pita
[12:40] {Threei}  JAZZ is crazy
[12:42] {jfjf64} charts say  alot of way  to  run   agree
[12:44] {Threei}  vinod.... ESLR is nearing second exit zone
[12:45] {dino} atni
[12:46] {jfjf64} .30 cents later   lol
[12:48] {jfjf64} issh   5.00 coming
[12:49] {dino} vad atni?
[12:49] {nemo} bounced on property acquisition news from Verizon
[12:50] {dino} yes, but a buit extreme
[12:50] {Threei}  don't have any opinion on that
[12:51] {dino} use mine
[12:51] {nemo} we don't know what the metrics are out of those properties
[12:51] {Threei}  lol JAZZ
[12:51] {Threei}  5
[12:51] {jfjf64} yikes jazz
[12:51] {jfjf64} here ya pullback
[12:52] {jfjf64} gettin recharged
[12:52] {dino} most likely english system nemo, us properties, :)
[12:53] {Threei}  quick pullback to 4, lol
[12:53] {nemo} I meant financial metrics
[12:53] {jfjf64} yup
[12:53] {dino} i know....
[12:54] {nemo} going for Captain OBvious Dino?
[12:54] {jfjf64} 3.70 be nice
[12:54] {dino} you guys are uptight todayu
[12:54] {nemo} I'm having trouble staying awake
[12:54] {Threei}  look at JAZZ
[12:55] {Threei}  will wake you up
[12:55] {nemo} no...I'm not in it
[12:55] {dino} and cyber says none avail
[12:55] {jfjf64} 4.40 break vad
[12:56] {Threei}  shrug
[12:56] {nemo} available here dino
[12:56] {nemo} or are you talking atni?
[12:56] {dino} short it nemo.......
[12:56] {dino} jazz
[12:57] {dino} wanted at 4.50 break, cyber says n.a.
[12:57] {nemo} wish you had told me then
[12:57] {dino} atni want to short just trying to figure out where
[12:57] {Threei}  yeah, available for laser
[12:58] {nemo} [12:56] {nemo} available here dino
[12:58] {dino} some day, when i grow up i'll make the switch
[12:58] {Threei}  lol
[12:58] {nemo} to what?
[12:58] {Threei}  rofl
[12:59] {Threei}  nemo... you are something
[12:59] {nemo} I was busting Vad
[12:59] {dino} indeed vad, indeed
[12:59] {jfjf64} jazz l .40 break for me
[12:59] {nemo} Contrary opinions here
[13:02] {dino} i am the contrarian
[13:02] {nemo} sorry
[13:02] {nemo} I was talking relativistically between you and JF
[13:02] {Threei}  hey!
[13:02] {nemo} Vad, you short it?
[13:02] {Threei}  no words longer than 3 syllables!'
[13:03] {Threei}  no, I am not touching this thing
[13:03] {jfjf64} thats a big word  for  me   im  just a scalper
[13:03] {nemo} sorry, that was 7
[13:03] {dino} wynn stopped
[13:03] {nemo} so sesquepaedalian and omphaloskepsis are out?
[13:03] {jfjf64} lol
[13:04] {nemo} Mary Palm still hanging in their Dino
[13:04] {nemo} there
[13:05] {dino} .77 stop
[13:05] {dino} shld lod
[13:08] {jfjf64} looks lk  wedge formin  jazz
[13:11] {ese} Have a 10;30 meeting see you all tomorrow....
[13:11] {Threei}  take care ese
[13:11] {dino}  cya es
[13:13] {nemo} tbt spiked @1:00 was there info on the auction?
[13:13] {Threei}  yes
[13:13] {jfjf64} hmm guess ya west  coast   tk care
[13:13] {nemo} helpful as always
[13:13] {Threei}  - indirect bidders take 34.2% of competitive bids
[13:13] {Threei}  - notes draw 3.99% with 46.5% alloted at high
[13:14] {jfjf64} jazz broke  wedge   down
[13:14] {Threei}  yeah, shirted a little at .09
[13:14] {nemo} indirect bidders were over 40% at the last one...eewww
[13:14] {Threei}  covered .75
[13:14] {nemo} I thought you said you weren't touching it
[13:15] {Threei}  I changed my mind
[13:15] {Threei}  am I allowed?
[13:15] {dino} wynn rinsed
[13:15] {Threei}  AGEN Hearing vague positive chatter circulating on prospects for the Oncophage approval in Europe (2.24, 0.17, 8.21%)
[13:16] {dino} aapl bruised
[13:16] {nemo} nice
[13:16] {jfjf64} ya  lk bounce  here for  long   3.75
[13:17] {jfjf64} in
[13:18] {jfjf64} .77
[13:18] {jfjf64} 1/1
[13:21] {Threei}  wtg
[13:21] {Threei}  beautiful bounce and nicely executed trade
[13:32] {Threei}  Preview: Fed's Beige Book survey of regional economic conditions to be released at 2pmET
[13:32] {Threei}  **reminder: the prior Beige Book, released on 4/15, stated:
[13:32] {Threei}  - the economy contracted slower in 5 of 12 regions, and the housing market showed signs of tentative stabilization.
[13:32] {Threei}  - Credit remained tight across regions.
[13:32] {Threei}  etc
[13:41] {Threei}  MFE Microsoft to reportedly release a free anti virus service (39.94, -0.63, -1.55%) (related SYMC BCSI FIRE )
[13:43] {vinod} stop out eslr at 2.30 did not hit offering price of 2.40
[13:48] {dino} shld holding that lod
[13:49] {nemo} so aren't the indices
[13:50] {nemo} gonna' do a re-run?
[13:51] {dino} 8633 support, 1467, 923
[13:51] {dino} pru, shld may have bottomed, watch for retest
[13:51] {dino} efut getting near
[13:52] {dino} fed beige book should lean positive imo
[13:53] {dino} atni wants 40
[13:53] {jfjf64} thinkin 4.10 break vad   jazz   ya opinion
[13:56] {Threei}  hmmm
[13:57] {Threei}  hard to tell really
[13:57] {jfjf64} vol dryin up
[14:00] {dino} efut sm l .10
[14:00] {Threei}  SAY is holding rather well
[14:00] {nemo} pru dino
[14:00] {dino} missed it
[14:01] {nemo} yeah, I saw it @ .10 but passed
[14:01] {dino} thought it would re-test
[14:02] {vinod} vad-SAY is software service company with 50K employee 
[14:02] {Threei}  *FED'S BEIGE BOOK: SLUMP IS MODERATING IN 5 OF 12 DISTRICTS; Prices at all stages of production and wages were flat or falling, expectations have improved
[14:02] {Threei}  I remember the story vinod
[14:02] {nemo} shld bolted too
[14:03] {Threei}  shooting at US Holocaust Museum
[14:03] {jfjf64} crazy
[14:03] {jfjf64} look jazz   liked  news   lol
[14:04] {vinod} not only SQNM but all bio tech are down
[14:05] {jfjf64} hv feelin will test that .40
[14:07] {dptl} have a good evening all
[14:07] {jfjf64} .40break all over
[14:07] {Threei}  take care dp
[14:08] {dino} cya dp
[14:08] {jfjf64} in
[14:09] {jfjf64} .42
[14:09] {Threei}  wow... you skipped .10 but went for .40?
[14:10] {jfjf64} yeah  late  to  dance???
[14:11] {Threei}  logic escapes me :)
[14:11] {jfjf64} yikes  no  wk
[14:11] {jfjf64} stupid
[14:15] {Threei}  C Introduces a poison pill provision to protect a $43B tax benefit
[14:17] {Threei}  SAY has this look...
[14:17] {Threei}  break-and-enter
[14:17] {jfjf64} yup
[14:20] {dino} last try wynn off of .00
[14:24] {jfjf64} cd use 5 cent stop for this break  correct
[14:31] {jfjf64} SAY in aint so   maybe  later
[14:36] {vinod} are we going to closed green?
[14:36] {nemo} PPT should be showing up soon
[14:36] {dino} giddy-up wynn
[14:37] {dino} nemo, nice timing
[14:42] {nemo} wynn's kinda' got a left sided C&H going there
[14:43] {dino} meaning
[14:43] {nemo} ask Vad, it just looks opposite of what one normally thinks of a C&H
[14:44] {Threei}  you come up with some weirdo stuff and sened people to ask me?
[14:44] {dino} roflol
[14:44] {nemo} I just opined on what it looked like
[14:45] {jfjf64} do  we short  or  go  long   with this  type of cup   vad
[14:45] {dino} looks like a coin toss to me
[14:45] {nemo} ya' know, kinda' looks like a genie's lamp
[14:45] {Threei}  jf... ask nemo {G}
[14:45] {Threei}  it's his fanous Alladin setup
[14:46] {nemo} that was good
[14:46] {nemo} how's the shoulder
[14:46] {Threei}  thank you, betyter than magoo's ankle
[14:46] {dino} hurts
[14:46] {nemo} I trouted it this morning
[14:54] {Threei}  those who take ESLR fo a swing, wqe will trail stop today
[14:54] {Threei}  will decide on a new placement at the end of the day
[14:56] {dino} csfg
[14:56] {dino} cfsg
[15:06] {Threei}  some more selling and will start looking into SAY's eyes re: bounce
[15:06] {dino} wynn tighten to .89 mkt drop
[15:06] {Threei}  sharp dive into .40 would be nice
[15:06] {dino} myrg
[15:13] {dino} wynn to flat
[15:14] {dino} to .08
[15:14] {dino} out wynn, +.08
[15:17] {fernp} SAY formed double bottom
[15:17] {dino} say it isn't so
[15:22] {vinod} JAZZ and SQNM are killers
[15:23] {vinod} and lost faith in SAY
[15:23] {fernp} out SAY`+.09
[15:23] {Threei}  fern :)
[15:24] {Threei}  come on vinod... you can't lose faith in company with 50,000 employees on 30 cents pullback
[15:24] {nemo} nice one Vad
[15:25] {Threei}  JAZZ is as brutal on pullback as it was on run up
[15:25] {Threei}  JAZZ .15 long, half lot
[15:26] {vinod} I am fair weather trader?
[15:26] {Threei}  lol
[15:26] {Threei}  feel free to take profit on JAZZ as you see fit
[15:26] {Threei}  1:1 in seconds
[15:29] {vinod} look like no PPT today?
[15:30] {Threei}  day off... Wed
[15:30] {Threei}  PPT manual says no work on Wed
[15:30] {nemo} sometimes they wait until 3:40
[15:30] {vinod} they run out of money
[15:30] {nemo} just print more
[15:31] {Threei}  printing press goes on preventive care each Wed
[15:31] {magoo} rip or rott vad??
[15:31] {Threei}  neither
[15:32] {Threei}  sideways
[15:32] {nemo} where you been
[15:32] {Threei}  he was unconscious ever since [11:16] * Threei slaps magoo around a bit with a large practicing trout
[15:32] {magoo} total distractions today
[15:32] {nemo} here they come
[15:33] {Threei}  nah, it's traders trying to frontrun them
[15:33] {nemo} oh yeah volume low
[15:33] {wulff} you think SAY is good for an overnight?
[15:33] {Threei}  hmmm
[15:34] {Threei}  dunno, ESLR feels safer to me
[15:34] {_levelseven} eslr threatening new hi
[15:34] {wulff} safe....hah! whats that?
[15:34] {dino} damn missed pru again
[15:35] {Threei}  new hi runs to police to ask for retstraining order against ESLR
[15:35] {nemo} they
[15:36] {nemo} they're here
[15:36] {Threei}  {they} no us are not
[15:37] {dino} "they say if you can think it, it's been done"
[15:38] {Threei}  ESLR assault on new high
[15:38] {Threei}  new high is killed
[15:38] {Threei}  even newer high now
[15:38] {Threei}  1/4 more out
[15:39] {Threei}  +.30
[15:39] {_levelseven} seady & slow, less stress
[15:39] {_levelseven} seady
[15:39] {_levelseven} steady
[15:39] {Threei}  there
[15:39] {Threei}  third time is charm :)
[15:39] {_levelseven} ha
[15:39] {dino} fdo to .67 all day
[15:39] {dino} stopped +.02
[15:40] {Threei}  daytraders, trail stop to .15 for the last portion
[15:40] {Threei}  swingtraders, trail stop to 1.95
[15:40] {dino} efut to .25
[15:40] {Threei}  and btw, swing traders have 1:1
[15:41] {Threei}  so partial out is a valid option
[15:41] {nemo} what about scalpers?
[15:41] {dino} i picture vad at one of those "key" parties when he says that
[15:41] {Threei}  lol
[15:41] {Threei}  scalpers are crying, nemo
[15:41] {dino} out efut .22 slip, +.12
[15:42] {nemo} outta' PALM yet Dino?
[15:43] {dino} no, if it doesn't hit stop, will carry overnightif hit .25 will take it
[15:44] {dino} that was "&" hits
[15:44] {dino} all in all held well this afternoon
[15:45] {jfjf64} axp break .57 here
[15:46] {dino} brb
[15:49] {dino} efut, ugh!
[15:50] {jfjf64} common buyers   bg sale  axp  10 min
[15:51] {nemo} see that on efut dino!
[15:52] {dino} see above nemo, tricked me
[15:52] {nemo} I'm talking that .30 shakeout
[15:52] {Threei}  BAC Fed Emails Show Fed Thought BofA''s Threat To Drop Merrill Acquisition Was ''Not Credible'' - WSJ
[15:53] {fernp} good evening all. see u tomorrow
[15:53] {Threei}  take care fern
[15:54] {Threei}  SAY is back to highs
[15:54] {Threei}  ESLR too
[15:54] {Threei}  nice finish
[15:54] {dino} yes saw that
[15:54] {nemo} market will end up basically flat
[15:54] {wulff} what was your last sell on SQNM?
[15:54] {dino} thats why hard stop was not desired but eod so....
[15:54] {nemo} Everybody covering shorts in fear of PPT
[15:54] {jfjf64} 4.95 break vad  still good
[15:55] {Threei}  wow, it was yesterday
[15:55] {wulff} What's PPT?
[15:55] {Threei}  we haven't traded it today
[15:55] {wulff} I know, just curious
[15:55] {nemo} Plunge Protection Team for us conspiracy theorists
[15:55] {jfjf64} 1/1 axp
[15:55] {wulff} OK
[15:55] {Threei}  I'd have to dig it out in the log...
[15:55] {Threei}  my memory span is one of a moth
[15:55] {wulff} no prob forget it
[15:56] {dino} wulff, or w/new admin., political protection team
[15:56] {vinod} my mistake, sold ESLR too soon and did not play SAY
[15:56] {jfjf64} all out axp
[15:57] {dino} fdo l .60
[15:57] {wulff} more list BSPT
[15:57] {dino} out .65, +.05
[15:57] {wulff} more like...
[15:57] {vinod} have a nice evening to all
[15:57] {Threei}  take care vinod
[15:57] {Threei}  okay guys
[15:57] {Threei}  thank you all
[15:57] {Threei}  have a good evening, see you tomorrow
[15:57] {jfjf64} gn 
[15:58] {_traderw} good night , thanks!
[15:58] {Threei}  sure thing
[15:59] {Threei}  ESLR babyu
[15:59] {jfjf64} monster
[15:59] {Threei}  over 1:4
[15:59] {dino} gn all, thx, positive but light. week going well tho
[16:00] {dino} tee time in 30