Tuesday, June 23, 2009

Jun 23 2009

Activity is still low but we got couple very nice bounces on CAT and HIG. Looking at CAT entry in retrospect, $32.20 was as good as it gets.

Session Time: Tue Jun 23 00:00:00 2009

[08:03] {Threei} LVLT Selected by IUSACELL for High-Speed IP Services
[08:03] {Threei} - Under the terms of the three-year agreement, Level 3 will provide high-speed IP services for Iusacell to transport data services within the U.S. via the Level 3 network gateway in south Texas
[08:03] {Threei} - Financial terms not dislcosed
[08:03] {Threei} ASIA Wins Tender to Build New Billing System for Beijing Mobile (18.01, 0.00, 0.00%)
[08:04] {Threei} CLNE Awarded 10 yr contract to build and operate a compressed natural gas (CNG) fueling station by Choice Environmental Services (7.89, 0.00, 0.00%)
[08:05] {Threei} - Co will begin to deploy a new fleet of clean-burning CNG refuse trucks to serve the City of Fort Lauderdale.
[08:05] {Threei} - The companys Florida service area includes Palm Beach, Broward, Collier and Dade Counties.
[08:05] {Threei} - In addition to Fort Lauderdale, Choices customers include the Miami-Dade County School District, one of the nations largest. The new private Clean Energy time-fill CNG fuel station will be located on property owned by Choice in Pompano Beach. The waste and recycling firm is the first in South Florida to convert a portion of its operations to natural gas fuel use.
[08:06] {Threei} BLTXX Baltic Dry Bulk Index -3.8%, (third straight decline
[08:13] {Threei} (US) Former Fed Governor Mishkin: No need to balance the budget right now, but fiscal discipline is needed in the long term
[08:13] {nemo} define long term?
[08:13] {Threei} {Former Fed Governor Mishkin} somewhere beyind our lifetime
[08:14] {nemo} so 2012
[08:21] {level777} mtxx tank on sec inquiry
[08:22] {Threei} as if previous troubles were not enough eh
[08:32] {Threei} OPTV Powers Digital Cable Launch in China (1.25, 0.00, 0.00%)
[08:33] {Threei} Co has launched an end-to-end middleware solution for Southern Yinshi Network Media Ltd, a subsidiary of Southern Media Corporation, one of Chinas leading broadcasting groups. Southern Yinshi is responsible for the digital conversion of 18 municipal and city cable networks of Southern Media Corporation.
[08:33] {Threei} - The end-to-end solution, powered by OpenTV Core2 middleware, enables one of the most comprehensive digital cable offerings in China featuring a variety of enhanced services including: a user interface, an interactive mosaic, as well as weather and customer care applications.
[08:33] {Threei} - The solution has initially launched with Southern Yinshi in the Yangjiang municipality of the Guangdong province.
[08:36] {Threei} BSX
[08:36] {Threei} Boston Scientific Corp MADIT-CRT Trial Meets Primary Endpoint
[08:36] {Threei} - University of Rochester Medical Center today announced that the landmark MADIT-CRT trial has met its primary endpoint. Preliminary results show Boston Scientific cardiac resynchronization therapy defibrillators (CRT-Ds) to be associated with a significant 29% reduction (p=0.003) in death or heart failure interventions when compared to traditional implantable cardioverter defibrillators (ICDs). High risk(1), asymptomatic or mildly symptomatic, New York Heart Association (NYHA) Class I and II(2) patients were enrolled in MADIT-CRT.
[08:37] {fernp} good morning everybody
[08:37] {Threei} fern :)
[08:42] {Threei} quite questionable attempt by market to gap up
[08:42] {nemo} looks very weak
[08:45] {Threei} BAC Announces Common Stock Average Price for Exchange Offer (11.94, 0.00, 0.00%)
[08:45] {Threei} 12.7048
[08:46] {Threei} keeping an eye on BSX
[08:46] {Threei} 10-10.10 is significant resistance area to break
[08:46] {level777} lots of sellers 9.90+
[08:47] {Threei} yup
[08:47] {Threei} if capable of digesting it and breaking, could be a good one
[08:54] {Threei} ACUR Halted: Receives Prelim Review Letter from FDA Regarding Acurox; does believe will receive approval on PDUFA date
[08:57] {level777} bsx over 10
[08:58] {nemo} C&H
[09:00] {Threei} honestly trying
[09:00] {Threei} on daily 10.08 is high probed twice recently
[09:01] {Threei} initial spike earlier today took it to 10.20
[09:02] {Threei} BA *POSTPONES 787 FIRST FLIGHT (46.90, 0.00, 0.00%)
[09:04] {Threei} RU) Russian economy to shrink by 11% in May - IFX
[09:04] {vinod} GM
[09:05] {level777} bsx will need big vol to make a run today
[09:05] {Threei} awww
[09:05] {Threei} MGRM Halted; Being acquired by Labcorp (1.68, 0.00, 0.00%)
[09:06] {Threei} 4.55/share
[09:06] {Threei} someone managed to grab 2.40 before halt
[09:07] {ese} good morning
[09:09] {Threei} ese :)
[09:09] {Threei} vinod :)
[09:14] {Threei} with all the selling, BSX remains stubbornly close to 10
[09:15] {Threei} hard to tell wou outstubborns who
[09:16] {dino} gm all
[09:16] {nemo} dino:)
[09:16] {Threei} dino :)
[09:16] {nemo} how's you're holdover?
[09:17] {Threei} EU and US file joint complaint at WTO against China regarding raw materials (related IYM )
[09:17] {dptl} good morning all
[09:17] {Threei} ACUR open?
[09:17] {Threei} dp :)
[09:18] {Threei} still don't see final verdict by FDA on wires
[09:18] {Threei} trades like refusal
[09:18] {magoo} morning
[09:19] {Threei} magoo :)
[09:20] {Threei} strange ACUR
[09:20] {Threei} if there is news and it'f refusal, it should be a lot lower... if there is no news yet why it's unhalted
[09:21] {magoo} what we stalkin vad?
[09:21] {Threei} BSX
[09:21] {Threei} ACUR
[09:23] {Threei} available for short btw, ACUR
[09:24] {Threei} FITB Fitch cuts ratings to A- from A (one notch); Outlook negative
[09:27] {jfjf64} mornin
[09:27] {Threei} jf :)
[09:28] {Threei} don't see ALGN news
[09:30] {Threei} Long Setup: BSX .90 break if stays above .80
[09:32] {Threei} I don't understand ACUR at all
[09:34] {Threei} Short Setup: CAT .45 if stays below .60
[09:35] {nemo} stop bsx
[09:35] {Threei} did it ever trigger?
[09:35] {nemo} yes
[09:36] {nemo} 9:33
[09:37] {dino} v sm ueic l .02 wide thin
[09:38] {Threei} Short Setup: MTXX .75 breakdown
[09:38] {Threei} oops.. unavailable
[09:38] {Threei} used to be couple days ago
[09:40] {Threei} ACUR is dropping
[09:41] {magoo} mkts dropping
[09:42] {Threei} RIMM, watching for sharp drop into .50 where I get interested in bounce
[09:42] {magoo} quote server vad??
[09:43] {Threei} 20
[09:43] {magoo} ty
[09:47] {dino} watching cedc
[09:47] {Threei} Short Setup: RIMM .10 break
[09:47] {Threei} if stays under .20
[09:49] {Threei} no go
[09:49] {Threei} sheesh
[09:49] {Threei} lol
[09:49] {nemo} they got positive comments yesterday
[09:49] {Threei} FEED Hearing positive comments out of Stansberry (timing uncertain)
[09:49] {Threei} - Firm suggests buying shares of AgFeed Industries Inc. at or below $6.25. (5.78, 0.25, 4.52%)
[09:50] {fernp} FITB bounce?
[09:50] {Threei} most likely
[09:50] {Threei} no clear indication
[09:50] {Threei} hard to nail wntry
[09:50] {Threei} entry
[09:51] {fernp} you posted news, no?
[09:51] {Threei} on what?
[09:51] {Threei} FITB?
[09:51] {fernp} y
[09:51] {Threei} [09:24] {Alert} Threei FITB Fitch cuts ratings to A- from A (one notch); Outlook negative
[09:52] {fernp} thanks
[09:52] {nemo} quote and chart servers a bit squirrely today
[09:53] {Threei} IEA's Tanaka: US must increase spending on renewable energies (related USO FAN TAN )
[09:53] {Threei} no really?
[09:56] {Threei} US Treasury Sec Geithner planning to travel to the middle east and Europe in July
[09:56] {Threei} do we need to know about his vacations?
[09:56] {nemo} no, that's where he gets down on his knees and begs them to buy treasuries
[09:57] {dino} nop thats barney frank
[09:57] {Threei} lol
[09:57] {nemo} the janitor awake?
[10:00] {Threei} MAY EXISTING HOME SALES: 4.77M V 4.82ME
[10:00] {Threei} - Prior revised from 4.68M to 4.66M
[10:00] {Threei} APR HOUSE PRICE INDEX: -0.1% V -0.4%E
[10:03] {jfjf64} rmbs
[10:04] {dino} beat
[10:05] {nemo} rimm off to the races
[10:05] {nemo} fcx too
[10:05] {Threei} CAT
[10:05] {Threei} 33 break...
[10:05] {Threei} ideally, little pullback
[10:05] {Threei} hlding above .90 or .85
[10:05] {Threei} and break
[10:07] {Threei} watching market , if it jumps will grab CAT aggresively
[10:07] {Threei} thing seems to be following with little delay
[10:09] {dino} whippy
[10:09] {Threei} .82 long if stays above .75
[10:10] {nemo} had that one print @ .83
[10:10] {Threei} do you watch levekl 2?
[10:10] {Threei} that print was out of bounds
[10:10] {nemo} don't understand out of bounds, probably how I got nailed on bsx
[10:11] {Threei} offer was .77
[10:11] {Threei} nevcer upticked from there,
[10:11] {Threei} one print went at the price exceeding market
[10:11] {Threei} maybe late print, maybe someone is getting screwed up by his lousy broker
[10:12] {Threei} for our purposes it's not a valid trade
[10:12] {nemo} yeah, didn't hit it
[10:14] {Threei} ese, look dcc please
[10:18] {Threei} F Reportedly receiving $5.9B in new US loans (5.33, -0.05, -0.93%)
[10:19] {nemo} thought they didn't need Fed money
[10:19] {Threei} NSANY Reportedly granted $1.6B in US loans (11.99, -0.23, -1.88%)
[10:19] {Threei} what's going on
[10:19] {Threei} Nissan Motor Co., Ltd The company is expected to be one of the recipients of loans that will be provided by the US Energy Dept - Japanese Press
[10:19] {Threei} - The loans will be used for the production of fuel-efficient cars.
[10:19] {Threei} - Additionally, loans to Tesla and Ford are expected to be announced tomorrow.
[10:19] {Threei} - CEO: Awaiting US govt decision on loan application
[10:20] {Threei} yesterday's announcement
[10:21] {Threei} this market bounce looks like ready to reverse for another leg down
[10:22] {Threei} so far all of them did, in a hectic manner though
[10:22] {Threei} but morning news seems to be over
[10:22] {dino} sm l cedc .03
[10:23] {Threei} UBS US DOJ: Any suggestion that Govt will drop the lawsuit aginst the company is 'untrue'; there is no basis for the NYT report
[10:25] {Threei} trying to find short entries and not finding any structured setup
[10:27] {Threei} grrr.. both RIMM and CAT that I was watching got away, especially RIMM
[10:27] {Threei} RIMM is bounce candidate now
[10:31] {Threei} new breakdown seems to be forming
[10:32] {Threei} CAT nearest resistance is .70
[10:32] {Threei} let's see if we can find shirt entry
[10:32] {nemo} 16 neck
[10:35] {dino} pants
[10:35] {nemo} 30 30
[10:38] {dino} i just got that
[10:38] {nemo} thought I was talking the caliber
[10:39] {dino} y
[10:39] {level777} Ya think UBS popped today on the NYT article?
[10:39] {dino} wow we missed on beat badly, wanted 14
[10:39] {dino} bby sm l .99
[10:40] {Threei} and dropped on denial
[10:40] {dino} indeed l7
[10:41] {nemo} I'm actually an '06 .270 fan
[10:41] {dino} qcom after that gap
[10:41] {level777} clwr
[10:42] {Threei} ok... last bounce of this support, and let's finally nail some short
[10:42] {Threei} this is getting irritating... direction is clear, and no entry
[10:43] {ese} was looking for turnaround tuesday dino.........s
[10:43] {dino} filled qcom
[10:43] {ese} sol
[10:43] {dino} gap that is
[10:43] {ese} am stalking intc at .82
[10:43] {dino} still am es, $ down, we should go up
[10:44] {nemo} housing data was worse than expected
[10:44] {ese} hmmmmmm
[10:44] {dino} all forgotten in a couple hours anyway
[10:44] {dino} imo of copurse
[10:44] {dino} course
[10:45] {Threei} USGS discloses magnitue 7.0 earthquake strikes off Papua New Guinea
[10:45] {Threei} - follow up: Tsunami alert has been issued
[10:45] {level777} o my
[10:45] {vinod} back here again--any thing exciting?
[10:45] {dino} main thing, next downside gaps 8016, 1361, 855
[10:45] {Threei} (EU) EU Energy Commissioner: Oil around $70/bbl is a fair price (related USO )
[10:45] {Threei} lol
[10:45] {dino} i think oil at 20 is fair
[10:46] {nemo} me too
[10:46] {Threei} great... CAST doesn't even try to bounce with market anymore
[10:46] {Threei} CAT
[10:46] {dino} qcom sm l .50
[10:48] {Threei} FMCN Hearing Piper analyst defending FMCN, on belief that asset sale to SINA will go ahead as planned (timing uncertain
[10:49] {Threei} Long Setup: RIMM .90 break
[10:49] {Threei} invalidated
[10:50] {Threei} let's modify it to .80 break
[10:50] {Threei} with .70 support
[10:50] {Threei} invalidated
[10:50] {Threei} CAT, I can't believe it
[10:51] {Threei} clear short, and impossible to find entry
[10:51] {level777} fmcn have a play in it?
[10:51] {Threei} who knows... pure speculation
[10:52] {Threei} matter of questionable takeover
[10:52] {Threei} negotiated, stalled, now all kinds of rumors swirl around
[10:54] {Threei} wow
[10:54] {Threei} look at UAUA
[10:57] {vinod} can we get 10 cent from UAUA?
[10:57] {Threei} doesn't show any signs of firming up
[10:58] {level777} fmcn running
[10:59] {magoo} rimm valud
[10:59] {magoo} ?
[10:59] {Threei} IMO, short into bounce
[10:59] {vinod} in UAUA 3.08 stop at 3.00
[11:02] {wulff} who thinks relief rally?
[11:02] {vinod} 0ut 3.18 only 2k
[11:02] {nemo} qcom
[11:02] {nemo} sorry
[11:04] {Threei} starts feeling like that wulff
[11:04] {Threei} if materializes:
[11:04] {Threei} Long Setup: CAT .20 break
[11:08] {Threei} (CA) BoC's Carney: Recession in Canada is as deep as the US (related USD/CAD EWC )
[11:09] {nemo} 1:1 cat
[11:10] {vinod} offer cat at .30 no one took it
[11:10] {nemo} longs are probably scalps today
[11:11] {nemo} or, have been so far
[11:11] {vinod} stop on CAT?
[11:11] {Threei} .13
[11:11] {nemo} under lod
[11:11] {vinod} thanks
[11:14] {Threei} FMCN played nicely off news
[11:15] {dino} down rough;y 7% dji, ndx, s/p since the 11th(7 1/2 trade days)
[11:15] {vinod} out of CAT
[11:16] {nemo} 1:1 again
[11:16] {Threei} I am holding half
[11:16] {Threei} want to explore wulff's idea
[11:16] {Threei} stop to under .20
[11:16] {vinod} meno S&P broke 889 is bad news for market?
[11:17] {wulff} no more selling at this point, which should mean...
[11:17] {jfjf64} me too partner
[11:17] {Threei} vinod... with this volume, it's all can change on a dime
[11:17] {Threei} I see these days as day by day decision-making
[11:18] {Threei} no firm trend for any exteneded period of time
[11:18] {wulff} herds can be hard to contain
[11:18] {Threei} especially bisons
[11:19] {Threei} 1:2, 1/4 more out
[11:19] {vinod} shit I got out early in CAT
[11:19] {Threei} USGS reports magnitude 4.3 quake in Nevada (related TAYD )
[11:20] {Threei} 2 earthquakes in one day? it's not 2012 yet
[11:21] {wulff} all that and my TV broke!
[11:21] {dino} big one yesterday too alaska
[11:23] {Threei} nemo... you sure they haven't moved it to 2009?
[11:23] {nemo} gotta' start somewhere...I'm growing my hair long...with the beard I'm getting that Moses look...can't walk like Charlton Heston
[11:24] {Threei} CAT last portion stop to under .30
[11:24] {nemo} 1st crisis 2007, 2nd crisis 2010, Cous de gras 2012
[11:24] {Threei} maybe a bit dtingy trailing but I want to preserve every little bit of profits
[11:24] {Threei} they are precious these days
[11:25] {jfjf64} i agree
[11:25] {Threei} usually I prefer new high before trailing,
[11:26] {Threei} but it bounced nicely off .30 so trailing is justified
[11:26] {Threei} Long Setup: HIG .76
[11:27] {Threei} stop under .70 for scalpers
[11:27] {Threei} under .65 for day traders
[11:27] {Threei} ok CAT.. double top or new high?
[11:28] {magoo} in higmoint
[11:29] {Threei} good boy CAT
[11:29] {Threei} break .50 and spike please
[11:29] {Threei} HIG 1:1 for pesky scalpers
[11:29] {Threei} CAT 1:3 here
[11:30] {Threei} make your choice between exit and trailing to under .40
[11:30] {Threei} UAW Official notes talks with Ford are continuing, unclear if current discussions will lead to new contract (related F F.IT GMGMQ )
[11:30] {Threei} lol
[11:31] {Threei} last automaker standing... UAW just can't let it survive, can it
[11:31] {magoo} is there news aapl vad?
[11:31] {Threei} nothing fresh
[11:31] {nemo} gov't will step in and give them the company
[11:31] {magoo} if IF mkts go green it should be bouncer
[11:32] {wulff} Jobs liver something...
[11:33] {magoo} frwsh news?
[11:33] {Threei} 20 Jun 2009 08:32 AAPL WSJ: CEO Steve Jobs had liver transplant
[11:33] {Threei} - Steve Jobs has received a liver transplant in Tennessee and he is on track to return to work
[11:33] {Threei} look at the date
[11:33] {magoo} u think he bought that liver?
[11:34] {Threei} I would if I were him
[11:34] {Threei} if there are livers for sale, someone needs that money...
[11:34] {Threei} HIG 1:1 for day traders
[11:34] {Threei} CAT 1:4 is coming
[11:34] {magoo} hex..id hire the assassin to shoot me up a fresh donar
[11:35] {Threei} out CAT in full
[11:35] {Threei} +.37
[11:35] {Threei} out half HIG
[11:35] {Threei} +.12
[11:35] {Threei} stop to under b/e
[11:35] {Threei} whew... life becomes brighter
[11:35] {dino} gj
[11:35] {Threei} ty
[11:36] {Threei} wulff had right idea
[11:36] {wulff} my new liver feels better and better
[11:37] {nemo} out hig ty
[11:37] {Threei} sure thing
[11:37] {Threei} out HIG in full
[11:38] {Threei} don't like this time for longer hold
[11:38] {Threei} we got a piece of nice recovery
[11:38] {nemo} no plus it's really a financial stock
[11:38] {magoo} out hig full .95 TY
[11:38] {Threei} welcome mags
Session Close: Tue Jun 23 11:38:41 2009

Session Start: Tue Jun 23 11:38:41 2009
Session Ident: #discussions
02[11:38] * Disconnected
02[11:44] * Attempting to rejoin channel #discussions
03[11:44] * Rejoined channel #discussions
[11:45] {Threei} wow
[11:45] {Threei} lost connection
[11:45] {nemo} what? with reality?
[11:45] {dino} ufpi
[11:45] {magoo} withh common courtesy he he
[11:46] {Threei} never had any connection with that one
[11:46] {nemo} oh, I find zoloft and lithium help
[11:46] {Threei} with or without vodka?
[11:46] {ese} L intc .81
[11:47] {nemo} you really did lose connection
06[11:47] * nemo slaps Threei around a bit with a large bottle of Kettle 1
[11:47] {dptl} did i hear vodka?
[11:48] {nemo} No...you read it...
[11:48] {nemo} question of the moment: jbe or dbi on cat?
[11:49] {Threei} dp... yes - grab a bottle and jump on the next ferry
[11:50] {dino} gut says up to +50 dji
[11:50] {magoo} rimm trying next leg
[11:50] {Threei} it can't be DBI, nemo
[11:50] {Threei} no D
[11:50] {nemo} sorry, true
[11:51] {nemo} break of .65 then?
[11:53] {Threei} hmmm
[11:53] {Threei} toughie
[11:58] {magoo} out rimm .67..+ .35
[11:59] {dino} gj
[12:03] {magoo} RIMM on a mission
[12:03] {magoo} from god
[12:06] {wulff} this range bound stuff is annoying
[12:08] {wulff} I said relief RALLY.
[12:08] {nemo} cat vad
[12:10] {Threei} does exactly nothing
[12:10] {dino} lol wulff
[12:10] {Threei} so should we
[12:10] {vinod} in FAZ 5.24 stop at 5.16 for 10 cent
[12:10] {nemo} yeah, dancing in that range, I was thinking if drops below .58 short
[12:11] {Threei} wulff... by these days standards, we already had one, lol
[12:11] {Threei} and I would say, we exploited it to its fullest extent
[12:11] {nemo} frickin' capitalists...always exploiting
[12:13] {Threei} yeah... exploitation of one human being by another... that's capitalism
[12:13] {Threei} of course under socialism it's just the opposite
[12:13] {nemo} oh...back to that
[12:29] {Threei} GMGMQ US Trustee says GM advisors are charging unreasonably rich fees of as much as $1,000/hour
[12:30] {Threei} huh?
[12:31] {Threei} Prez on TV
[12:32] {Threei} appaled and outraged
[12:32] {dino} isn't he always
[12:34] {dino} cedc stop to .41
[12:36] {magoo} talking about energy bill
[12:36] {magoo} clean energy
[12:36] {magoo} fslr bounced on it
[12:37] {magoo} l aapl .75
[12:37] {magoo} sorry fast
[12:38] {magoo} thinking .20-.40 area
[12:38] {Threei} (US) President Obama: Strongly condemn 'unjust' actions in Iran, US is not interfering in its affairs
[12:41] {dino} out cedc .50, +.47
[12:41] {magoo} stop flat now
[12:42] {magoo} waiting .43
[12:42] {magoo} gobnna tregrett the exit too i feel
[12:44] {magoo} [12:42] {magoo} gobnna
[12:44] {Threei} mags... we are still trying to underatand what it meant first time
[12:45] {Threei} Obama: Bernnake has done a fine job under circumstances
[12:45] {Threei} "good job Bernie"
[12:45] {magoo} i know..lol..i rtried too read it...didnt remember what i said
[12:52] {magoo} out aapl 134..+.25
[12:52] {magoo} ty vad
[12:53] {Threei} hmm?
[12:53] {Threei} you are welcome of course
[13:02] {Threei} - indirect bidders take 68.7% of competitive bids
[13:02] {Threei} EMKR Signs solar power agreement (1.27, 0.01, 0.79%)
[13:03] {Threei} This 20-year agreement with EMCORE consists of 114 kilowatts of solar power produced onsite at EMC
[13:04] {nemo} the auction seems to be jacking everything
[13:11] {magoo} i reloaded aapl .75 on that pullbk
[13:11] {magoo} sotrry about posdst
[13:11] {magoo} same range
[13:14] {dino} it's like magoo isn't typing english
[13:15] {magoo} ouyt here .99
[13:15] {magoo} + .24
[13:17] {Threei} US President Obama: There is no current need for a second stimulus package (related TLT SHY EUR/USD USD/JPY )
[13:17] {Threei} strange
[13:17] {Threei} I thoufght these guys never met stimulus of bailout they didn't like
[13:18] {nemo} maybe they figured they need it but won't be able to get anyone to lend them the money
[13:19] {magoo} i need some stimulus :)
[13:21] {ese} gotta hit the trail....still nursing my intc position.....just my speed at this time of year.....too much going on at school..cya tomorow
[13:21] {Threei} take care ese
[13:21] {ese} see ya vad
[13:22] {dino} qcom stop to .89
[13:25] {dino} out qcom +.40
[13:26] {jfjf64} hun .86 break here
[13:27] {level777} hig sure had a nice bounce there 3i
[13:27] {level777} great call
[13:27] {Threei} ty
[13:27] {Threei} we exited a little early but no regrets here
[13:28] {level777} my kids home from school 6, 10 & 14 called a scalp for .10 ion it for me lol
[13:28] {level777} now i cant get them away from my screen
[13:32] {dino} what commission they charging
[13:41] {level777} keep asking me "how much did we make, how much did we make"
[13:42] {Threei} suggest them to calculate an otcome in tablespoons aof icecream... that'll keep them busy
[13:43] {dino} lol
[13:58] {magoo} vad, what u stalin?
[13:58] {magoo} stalkin he hew
[13:58] {Threei} there is this piece of ham...
[13:58] {Threei} looks darn stalkable
[14:02] {wulff} crazy moves in aAPL
[14:08] {Threei} ever since those bounces that we played were done, market lost feel of direction
[14:13] {dino} dltr sm l .50
[14:16] {nemo} cat hanging around highs for 3r time
[14:16] {nemo} 3rd
[14:20] {Threei} if market spikes again, let's try this one for a scalp:
[14:20] {Threei} Long Setup: PALM .75 break
[14:21] {Threei} if retreats under .65, rather becomes a bounce candidate
[14:21] {Threei} .55 - .60 nearest support
[14:21] {level777} h
[14:23] {wulff} i
[14:30] {jfjf64} plan b
[14:35] {level777} g
[14:37] {dino} out ueic ave. .68, +.66
[14:41] {Threei} OK, no breaks
[14:41] {Threei} let's see if bounces shape up
[14:41] {Threei} I don't want to try shorting
[14:41] {Threei} doesn't feel like it's in cards
[14:41] {jfjf64} waitin on ya boss
[14:42] {Threei} don't... I am afraid I'm going to get stuck here, dp has this strangely attractive bottle in his pocket...
06[14:45] * Threei slaps dptl around a bit with a large appeal to stop tempting sober people with vodka
[14:45] {BillyD} Hi vad
[14:45] {Threei} Bily!
[14:45] {BillyD} How are you
[14:45] {Threei} welcome back'
[14:45] {BillyD} ty
[14:45] {Threei} long time no see
06[14:45] * magoo slaps BillyD around a bit with a large trout
[14:45] {magoo} hey bro
[14:45] {BillyD} I feel at home now magoo :)
[14:45] {Threei} ahha... welcoming commettee is right here
[14:45] {Threei} lol
[14:45] {BillyD} consistent
[14:45] {BillyD} lol
[14:46] {Threei} yeah, you can rely on us
[14:48] {Threei} I don't dfeel striongly about this bounce but risk is very small
[14:48] {Threei} PALM, right here
[14:48] {Threei} with .54 - .55 stop
[14:49] {Threei} if you feel like 50/50 trade with small stop
[14:56] {magoo} vad..r or r?
[14:57] {Threei} can't tell
[14:58] {dptl} have a good evening all
[14:58] {Threei} take care dp
[14:58] {magoo} why wont u tell?
[14:58] {Threei} leave the bottle here
[14:58] {Threei} I would... I can't
[14:58] {Threei} I promised dp
[14:58] {Threei} not to tell anyone
[14:59] {dptl} :)
[15:04] {vinod} last hour going to be a happy hour
[15:05] {BillyD} Vad, many trades today
[15:05] {Threei} certainly - the question is for whom
[15:05] {BillyD} lol
[15:05] {Threei} not many... but couple fairly good ones
[15:07] {BillyD} selectivity the key last few days it seems
[15:07] {BillyD} more so than others
[15:07] {Threei} true
[15:08] {dino} sm pru l .50
[15:10] {Threei} The Nasdaq Stock Market, Inc Reportedly planning increased rebates to certain US order customers in efforts to increase market share
[15:10] {Threei} - Note on 6/16 CME modified their e-mini fee schedule with a volume based incentive program, effective Sept 1
[15:12] {jfjf64} rimm bounce??
[15:13] {Threei} from under .50, I'd feel much safer
[15:13] {Threei} here it's a toss-up
[15:13] {jfjf64} ty
[15:15] {wulff} wacky day...what else is new
[15:19] {Threei} RIMM is getting there
[15:19] {Threei} let it drop sharply
[15:21] {jfjf64} waitin on ya boss
[15:21] {Threei} does it mean I'll have to wake up? :(
[15:23] {Threei} see how it can't raise its head?
[15:24] {Threei} it needs a good flush
[15:24] {jfjf64} this might be level?
[15:24] {Threei} otherwise even if it bounces, it's going to be labored one not worth the risk
[15:24] {Threei} no
[15:24] {Threei} I am not touching it here
[15:25] {Threei} shrap flush is one version of what I want to see,
[15:25] {Threei} another is, stalling here, forminbg range, then breaking it wqith matkert jump
[15:25] {Threei} If it just reverses here, I prefer to let it go
[15:26] {Threei} gosh... mags, that typing teacher yopu recomended really does miracles
[15:26] {magoo} :)
[15:26] {Threei} lol, it's as if I type with my knees
[15:30] {Threei} RJET to Acquire Midwest Airlines
[15:30] {Threei} interesting... consolidation starts in beaten down industry
[15:38] {Threei} now having the benfit of insight,
[15:38] {Threei} have a look at CAT 1 min
[15:38] {Threei} and notice where we got it long
[15:39] {Threei} if that is not a prefect entry
[15:40] {dino} 3:40
[15:43] {dino} they've been killing them into the close lately
[15:44] {BillyD} what was your CAT entry
[15:44] {nemo} .20
[15:44] {Threei} 23.20 second recross
[15:44] {Threei} on the way back up
[15:44] {Threei} 32.20 of course
[15:44] {BillyD} 32.30....
[15:44] {BillyD} lol
[15:45] {Threei} seriously, how much better does it get
[15:45] {BillyD} that was area I thought
[15:45] {BillyD} now...did you hold til 33
[15:45] {Threei} as in "I wouldn't expect any less from you"? :)
[15:46] {Threei} no, for over .50
[15:46] {BillyD} lol
[15:46] {Threei} sold .58
[15:46] {BillyD} into resistance
[15:50] {Threei} whoa RJET
[15:51] {BillyD} hard spike
[15:52] {Threei} will be interesting one to watch tomorrow
[15:53] {BillyD} reminds me on ONTY & CLWR yesterday eod
[15:55] {dino} out pru .80, +.30
[15:55] {dino} out bby .00, +.01
[15:57] {dino} out met .41, -.09
[15:57] {Threei} okay guys, thank you all
[15:57] {Threei} I suspect tomorrow will be a bit more active
[15:57] {Threei} just feeling in the air
[15:57] {Threei} have a good evening, see you tomorrow
[15:57] {BillyD} cya
[15:57] {Alw} ty
[15:58] {Threei} hi Alw, welcome to the room
[15:58] {Alw} ty
[16:02] {fernp} good nite all