Tuesday, July 7, 2009

Jul 07 2009

Nice day with RIMM and WFC longs, then RIMM short - all for good siezeable gains, and just couple small stops. Nothing to complain about.

Session Time: Tue Jul 07 00:00:00 2009

[08:11] {BillyD} gm
[08:11] {BillyD} I loike your topic
[08:11] {BillyD} like
[08:11] {nemo} been taking typing lessons from Vad?
[08:12] {BillyD} lol;
[08:26] {Threei} Good morning
[08:26] {BillyD} Vad :0
[08:26] {nemo} haroo
[08:27] {Raven} {}
[08:28] {nemo} been to Nevermore lately?
[08:28] {Raven} neveragain
[08:28] {Threei} \|/
[08:28] {nemo} Howe's Lenore?
[08:29] {Raven} disgusting
[08:29] {nemo} Oy weh....falling out, huh?
[08:29] {Raven} old bag
[08:29] {nemo} I get your drift
[08:29] {Raven} I try not to
[08:30] {Threei} *(CA) CANADA MAY BUILDING PERMITS M/M: 14.8% V 0.8%E
[08:30] {jfjf64} mornin all
[08:31] {Threei} jf :)
[08:36] {Alw} gm all
[08:36] {Threei} Alw :)
[08:37] {fernp} hello everybody
[08:37] {Threei} fern :)
[08:43] {Threei} GERN Hearing renewed takeover chatter circulating (7.91, 0.00, 0.00%)
[08:44] {Threei} sigh
[09:02] {_kenyee} Newbie here, trying to see if this is right for me, guidance and comments anyone?
[09:02] {nemo} Oh Oh
[09:03] {cosmo} stay calm?
[09:03] {nemo} do the trades Vad calls...
06[09:03] * Threei hides under the nearest rock
06[09:03] * nemo should listen to his own advice
[09:04] {_kenyee} Thanks, how long have you been in the room?
[09:04] {Threei} me??
[09:04] {nemo} oh, our sense of humor can be perceived as...ah...um...shall we say...don't know what to say
[09:04] {nemo} since he woke up this morning
[09:04] {Threei} never mind... my sense of humor is strange
[09:04] {Threei} even to me
[09:05] {_kenyee} in terms of weeks or years
[09:06] {cosmo} hmmm....10 years?
[09:06] {nemo} If you ask anybody here I've been here too long
[09:07] {Threei} nah nemo, we are still willing to tolerate you
[09:07] {Threei} cosmo... RT's inception is 2000... math is not your strongest suit?:)
[09:08] {Raven} details
[09:08] {cosmo} but... it is
[09:10] {cosmo} still trying to grasp the metaphysics....
[09:11] {Threei} metaphysics? I am still trying to make my peace with the concept of gravity...
[09:11] {_kenyee} Threei, yesterday you called Rimm short after .25 if holding .30, does that mean short at .25 and stop loss at .30?
[09:11] {_kenyee} Sorry Cat
[09:11] {Threei} I think that was CAT
[09:11] {Threei} yeah
[09:11] {Threei} stop is above .30 in such cases,
[09:11] {Threei} meaning if stock breaks .30
[09:12] {_kenyee} that's a tight stop
[09:12] {cosmo} 3i...the natural resting state of the universe is 'freefall' .... did you know?
[09:12] {Threei} that was particularly nice setup
[09:12] {Threei} not always we get it that good
[09:13] {Threei} is it cosmo?... mine is "deep sleep"...
[09:13] {_kenyee} does anyone beside Threei trade for a living as their main source of income?
[09:13] {cosmo} ah...that's similar
[09:13] {Raven} chaos ... like this room
[09:13] {dptl} good morning all
[09:14] {Threei} dp :)
[09:14] {magoo} guvyfiuyfjyf
[09:14] {Threei} magoo :)
[09:15] {Threei} MTXX sees some interest this morning
[09:17] {magoo} anuy others boss
[09:17] {nemo} Hey mags
[09:17] {magoo} cap'n :)
[09:17] {Threei} GERN another round of buyout rumors...
[09:18] {magoo} crap
[09:18] {Threei} quiet morning
[09:18] {magoo} that one ugh
[09:23] {nemo} Ya' know, it's psychology damaging to me when I walk through the fishing department in sporting goods stores
[09:23] {nemo} speaking of psychologically damaged, look who just signed in
[09:24] {ese} gm.....lousy internet service here at Disney..........we'll see what happens
[09:24] {Threei} JAZZ ompletes $7 Million Private Placement (3.63, 0.00, 0.00%)
[09:24] {Threei} ese :)
[09:24] {dino} gm all
[09:24] {BillyD} CHLN any news?
[09:24] {nemo} in "land" or "world" ese?
[09:25] {dino} kenyee, yes
[09:25] {Threei} dino :)
[09:25] {_kenyee} thank you
[09:25] {Threei} CHLN Guides Q2 Rev $23.9M v $14.4Me (3 est) (5.20, 0.00, 0.00%)
[09:25] {BillyD} ty
[09:26] {Threei} ese, when are you coming back?
[09:27] {ese} will be back thursday afternoon
[09:27] {ese} hey nemo disneyland
[09:27] {dino} es, turn the computer off an enjoy vacation
[09:28] {nemo} He's gotta' get his fix, otherwise he has to go play with the kids
[09:28] {ese} can't.....my bstop for INTC at .85 was hit.....i'm in
[09:30] {nemo} and their off.....
[09:33] {cosmo} HNSN
[09:33] {Threei} lousy guidance yesterday
[09:33] {cosmo} i know
[09:34] {nemo} whoa fcx just went through the trap door
[09:34] {magoo} big pullbk jpm vad
[09:35] {Threei} all ginnies
[09:35] {Threei} I'd prefer WFC
[09:35] {nemo} you mean finnies
[09:35] {Threei} JOPM is even nastier
[09:35] {Threei} yeah, those
[09:35] {nemo} thought you' switched from vodka
[09:36] {Threei} jpm
[09:36] {Threei} .40 is holding so far
[09:36] {Threei} one more pullback
[09:36] {Threei} now .55 is long trigger
[09:36] {Threei} just keep size modest
[09:37] {Threei} half lot
[09:37] {Threei} atop under .40
[09:37] {Threei} invalidated
[09:40] {jfjf64} dfs .47 l
[09:41] {Threei} Long Setup: RIMM .70 half lot
[09:41] {jfjf64} invalid
[09:41] {Threei} if stays above .50
[09:42] {KSystems} morning!
[09:42] {Threei} KS :)
[09:43] {Threei} RIMM 1:1
[09:43] {Threei} scalpers are out, day traders half out
[09:44] {BillyD} ty Vad RIMM
[09:44] {Threei} welcome
[09:44] {magoo} i am out TY
[09:44] {magoo} when uj say rimm..im goin inn
[09:45] {Threei} poetry? that early in the morning?
[09:45] {Threei} what is this room coming to...
[09:45] {magoo} when u say JP..i say ..maybee
[09:45] {Threei} stop to .65 second half of RIMM
06[09:45] * nemo slaps magoo around a bit with a large sledge hammer
[09:46] {Threei} thank you nemo
[09:46] {nemo} subtlety just wasn't going to suffice
[09:46] {Threei} no, not with magoo
[09:47] {wulff} off goes MRVL
[09:47] {jfjf64} dfs
[09:47] {Threei} Attention: RIMM offer second half at 61.08 who held it
[09:48] {Threei} 69.08 is more like it
[09:48] {Threei} direct hit
[09:48] {BillyD} good read vad
[09:48] {Threei} my a$$ is out
[09:50] {_kenyee} do you use limit orders to enter?
[09:50] {nemo} 90+%
[09:51] {magoo} always
[09:51] {_kenyee} ty
[09:53] {Threei} ugh... WFC
[09:53] {wulff} just saw that myself
[09:54] {Threei} AIG
[09:54] {Threei} dive under .50 is long
[09:54] {Threei} .40 nearest support
[09:55] {Threei} first strength from here
[09:55] {Threei} in
[09:55] {Threei} .49
[09:55] {magoo} .49
[09:55] {Threei} stop under .40 for scalpers
[09:55] {Threei} under .35 for day trade
[09:56] {Threei} no worky
[09:56] {Threei} OK, WFC
[09:56] {Threei} seems to be coming back for us
[09:56] {BillyD} relentless in selling pressure
[09:56] {Threei} .15 - .20 zone should be it
[09:57] {Threei} reverse split didn't work too well for AIG eh?
[10:01] {Threei} market is still selling
[10:01] {Threei} waiting for it to strengthen, WFC is where we wanted it
[10:03] {Threei} .20 break long
[10:04] {_kenyee} what is stop?
[10:05] {Threei} .14 low of this pullback... so .13 for very stingy, under .10 is more like it
[10:08] {Threei} not a scalp for me, will try to partial
[10:08] {Threei} offering 1/2 .33
[10:09] {Threei} STSI Files Motion for Judgment/New Trial in Patent Infringement Lawsuit against RJ Reynolds, Announces Retention of Carter G. Phillips, Esquire as Appellate Counsel
[10:09] {Threei} - trial counsel has filed a motion for Judgment as a Matter of Law and In the Alternative, for a Ne... (1.12, 0.13, 13.13%) more... (related RAI )
[10:10] {Threei} hardcore scalpers have 1:1 on WFC
[10:10] {Threei} market weakens again
[10:11] {Threei} out 1/2 .30
[10:11] {Threei} stop to .15
[10:12] {Threei} Strength in healthcare stocks (particularly HMOs) attributed to further chatter today about Democrats moving closer to striking deals on healthcare plans
[10:12] {Threei} - WSJ reported this morning that the White House Chief of Staff said reiterated that the Administration is willing to be flexible on healthcare reform as long as the deal gets done. He stated that "the goal is to have a means and a mechanism to keep the private insurers honest", but that the path to achieving the goal is negotiable.
[10:12] {Threei} - further overnight, following up on reports from last month, word came that hospitals are getting closer to an agreement with the Chairman of the Senate Finance Committee Max Bauchus (D). The latest report indicates hospitals are willing to agree to lower than expected payments for Medicare and Medicaid.
[10:12] {Threei} - overnight, Senator Grassley did question the timing of any healthcare bill, stating the vote may not come in the Senate before the August recess as has been targeted, but he still expect the legislation to pass this year.
[10:16] {BillyD} WFC holds pretty well considering
[10:16] {BillyD} I am out already
[10:17] {Threei} so far so good
[10:17] {Threei} nneds market help
[10:18] {Threei} but havng it secured I am confortable holding half
[10:18] {BillyD} peace of mind lol
[10:18] {Threei} market help is rare commodity these days eh? :)
[10:18] {BillyD} no kidding
[10:18] {Threei} US President Obama: A Public insurance plan is the best path forward to 'keep health insurance companies honest' (related IYH )
[10:19] {jfjf64} c/h dfs vad any read there
[10:19] {Threei} doesn't feel like a lot of potential here jf
[10:19] {Threei} I am not jazzed about it
[10:20] {BillyD} speaking of JAZZ
[10:20] {jfjf64} lol
[10:21] {Threei} MGM and LVS... where else the activity goes, lol
[10:22] {Threei} okay
[10:22] {Threei} offering 1/4 more .38
[10:23] {Threei} hit
[10:23] {Threei} stop to .19 for the last piece
[10:24] {Threei} [09:56] {Threei} .15 - .20 zone should be it {--- bow's that for precision?
[10:24] {Threei} or for my typing for that matter
[10:24] {nemo} $.05
[10:25] {nemo} How's the shoulder?
[10:25] {Threei} just fine, thank you
[10:25] {Threei} in its customary position
[10:29] {dino} sm risky l esi .50 stop lod
[10:30] {dino} watching wynn, shld dltr, deck
[10:33] {Threei} done with last piece of WFC
[10:34] {tomg} nice call wfc, vad, ty
[10:34] {Threei} :)
[10:42] {Threei} SQNM Strength attributed to report that a company official stated Monday that SQNM still plans to expand its Grand Rapids laboratory as it awaits outcome of SEC probe
[10:42] {Threei} - A Michigan based press report cited an official of the company who stated plans would go forward f... (3.61, 0.25, 7.44%) more...
[10:43] {Threei} Long Setup: WFC .10 break
[10:43] {Threei} stop under .05
[10:45] {Threei} just a scalp this time most likely
[10:48] {Threei} no worky WFC this time
[10:49] {nemo} might be a short that last dip brought it through it's close from yesterday, support @ .99
[10:51] {magoo} GS AIG trying so wfc might
[10:52] {Threei} could be... it's just that things become a bit random
[10:54] {magoo} definately getting harder
[10:56] {Threei} see these up and down with no pattern whatsoever?
[10:56] {Threei} this is what I want to stay away from, it's a chop chop that will cost you stop after stop
[10:56] {dino} esi to .92
[10:57] {dino} stopped +.40 slippage
[11:01] {BillyD} Vad, any thoughts on DFS short on .25 break
[11:02] {BillyD} seems to have daily support in low 9's
[11:02] {dino} amag gives it back today
[11:02] {BillyD} wondering if worth potential
[11:02] {Threei} looks right billy
[11:02] {dino} imo, eyes on 5s and 0s this week, option exp next
[11:03] {ese} nice trade esi dino
[11:04] {nemo} http://www.bloomberg.com/apps/news?pid=20601087&sid=a3wUXb42NPX0
[11:05] {jfjf64} wfc broke
[11:06] {Threei} SQNM may be has some fuel
[11:06] {dino} ty es
[11:06] {nemo} just hit VWAP see if it breaks that
[11:06] {Threei} makes new highs slowly and steadily
[11:08] {dino} shocking, it's raining here again
[11:09] {nemo} yeah, here too
[11:14] {dino} qcom sm l .25
[11:15] {dino} met l .24
[11:21] {Threei} Two people familiar with closed-door talks by committee Democrats said a House bill probably will include a surtax on incomes exceeding $250,000, as Congress seeks ways to pay for changes to a health-care system that accounts for almost 18 percent of the U.S. economy.
[11:21] {Threei} okay guys, I am opening an asylum for fugitives
[11:21] {nemo} household incomes
[11:24] {dino} moving to canada
[11:25] {nemo} yeah, but after the trader tax, what market are we going to trade? So, do we move to Vancouver or Nova Scotia?
[11:26] {Threei} Vancouver is dangerous place - you have to outdrink dp in order to be lt in, and that's not a small feat
[11:27] {Threei} MTXX
[11:27] {nemo} Ehhh...I can drink well enuff, it's the frickin' hangover..oy weh
[11:27] {dptl} yeah :)
[11:27] {dino} hmmm, is that a double dog dare?
[11:27] {nemo} tsk tsk...that's a breach of etiquette
[11:29] {Threei} market feels like something's brewing... not likely to stay as narrowly locked as yesterday
[11:29] {Threei} breakdown, IMO
[11:30] {johnnyj} feels like another leg down
[11:30] {dino} met stopped -.25
[11:30] {Threei} Short Setup: RIMM 68 break
[11:30] {johnnyj} goog aapl rimm
[11:30] {Threei} if stays under .15
[11:31] {johnnyj} wrong time of day imo for any big move
[11:32] {nemo} shit, I look @ mirc and RIMM breaks
[11:32] {BillyD} lol...same here
[11:33] {nemo} we'll blame johhny..he posted as it broke
06[11:33] * nemo slaps johnnyj around a bit with a large somethin'
[11:34] {Threei} in case you don't know, there are ladies in the room
[11:35] {nemo} what's your point?
[11:35] {Threei} ummm... language?
[11:35] {nemo} xcuse me...let me rephrase...poopie, I look @mirc an RIMM breaks
[11:35] {Threei} sigh
[11:35] {johnnyj} all 4 letter nasdaq are profane
06[11:36] * Threei slaps nemo around a bit with a large diaper
[11:36] {dptl} lol
[11:36] {nemo} How'd you know I wear Depends?
[11:36] {nemo} too much info, huh?
[11:37] {johnnyj} incontenance is common job related issue with daytraders
[11:37] {dino} nasty
[11:37] {Threei} how come I learn so much every day in this room...
[11:38] {ese} incontenance....huh?
[11:38] {Threei} RIMM 1:1
[11:38] {jfjf64} sales 101 like it
[11:38] {jfjf64} ya da man
[11:38] {jfjf64} ty rimm
[11:38] {Threei} sure
[11:39] {jfjf64} ty vad
[11:39] {johnnyj} .70 RIMM important imo
[11:39] {ese} hang on a seceond........be back in a second....have to go to the bathroom
[11:39] {Threei} I should have put it this way: I learn a lot of things I never wanted to...
[11:39] {jfjf64} ditto
[11:40] {Threei} oh, and somehow nemo is a prevalent supplier of those bits of information, lol
[11:40] {jfjf64} trout for all
[11:40] {ese} nemo "IS" a bit of information
[11:40] {Threei} who partials RIMM{ stop to above 68 for the balance
[11:41] {Raven} {}
[11:41] {Threei} you tell them Raven
[11:41] {Raven} }{
[11:41] {Threei} I lost hope
[11:41] {Threei} they are insufferable
[11:42] {jfjf64} hpq s.99
[11:42] {johnnyj} aapl Vad? any feels?
[11:43] {Threei} it's mirroring market and RIMM...
[11:43] {Threei} I wouldn't be opening new short position here
[11:43] {Threei} and don't feel it's safe to go for a bounce
[11:43] {jfjf64} hpq vad
[11:43] {johnnyj} thx
[11:44] {Threei} same comment jf
06[11:44] * nemo feels abused
[11:44] {Threei} riding existing short with half protected is one thing
[11:44] {jfjf64} ty
[11:44] {Threei} opening new p;osition is very different
[11:44] {Threei} welcome to my world nemo
[11:45] {Threei} watch what RIMM does here to get a feeling for what I mean
[11:46] {Threei} bounce would not be a good play here obviously,
[11:46] {Threei} but general weakness while causes some new downticks, is not enougyh to open short
[11:47] {Threei} meanwhile, if you have half of position opened 25 cents ago, and other half is already protected, it feels reasonable and safe
[11:47] {Threei} (US) Rep Hoyer: Need to be open to possibility of additional fiscal stimulus spending (related EUR/USD )
[11:47] {Threei} what the deuce
[11:47] {Threei} are they sane?
[11:48] {nemo} They'll just print more, and no they aren't
[11:48] {nemo} Economic idiots
[11:48] {Threei} this "stimulus" isn't realized and part that is hasvn't done anything,
[11:48] {Threei} so let's do another one
[11:49] {nemo} well, the stimulus bill was only that in name. It basically restored spending the Bush admin had cut. Also the "stimulus bill" is spread over 10 years
[11:49] {Threei} now nemo... why would you type "economic" in front of perfectly valid definition?
[11:49] {jfjf64} mean while chargin consumer 27 percent on bank cards
[11:49] {Threei} 1:2 RIMM
[11:49] {johnnyj} 1/2 out RIMM
[11:50] {johnnyj} lunch is tough hour
[11:50] {Threei} and yet... trades are working
[11:50] {ese} OK....i give up.......seems to be no reason for down market today.......whats all of YOUR considered opinions?
[11:50] {johnnyj} yes
[11:51] {Threei} feel for breakdown coming helped
[11:51] {johnnyj} do not look for reasons..
[11:51] {Threei} ese... since when market needs a reason?
[11:51] {jfjf64} depends how ya spend lunch hour
[11:51] {ese} true
[11:51] {ese} so we could be heading for another up day by the end of it
[11:52] {ese} turnaround tuesday as dino puts it
[11:52] {Threei} technically speaking and looking at daily,
[11:52] {jfjf64} yup
[11:52] {nemo} Ahhh, the economy...errr...can't say that...ah..let's see...yes...funnels a pressure differential through a confined orifice
[11:53] {Threei} we formed something like head and shoulders (mind you, questionable anatomy from beauty point of view),
[11:53] {jfjf64} dont forget coverage on michael
[11:53] {nemo} geez...we're really going off the track today
[11:53] {Threei} and forming something like inverted C&H (again, no china master would be proud)
[11:54] {johnnyj} missed qcom quality dump
[11:54] {Threei} lower high too
[11:54] {ese} who is belle? We ran into here infront of the disney castle yesterday
[11:54] {johnnyj} great flag there
[11:55] {ese} Michael Jackson funeral.........that would drive the market down....
[11:56] {nemo} oy...ese...go play
[11:56] {_kenyee} when you call a trade the stop is if 'below x price' for short and 'above x price' for long, is that correct?
[11:56] {johnnyj} GOOG under 400 is interesting bellweather to me
[11:57] {Threei} opposite
[11:57] {Threei} if you short, stop is above resistance
[11:57] {Threei} if long, below support
[11:58] {johnnyj} market is moonwalking
06[11:58] * nemo slaps johnnyj around a bit with a large copy of Thriller
[11:58] {magoo} explain jonny
[11:58] {johnnyj} vinyl hurts
[11:58] {jfjf64} lol
[11:58] {Threei} stop is exit on a loss side... profit taking is exit of positive side
[11:59] {johnnyj} moonwalking.... aimed forward... moving back
[11:59] {_kenyee} for RIMM when you said 'under .15' what did you mean?
[11:59] {nemo} if RIMM stays under 68.15 that was the stop
[11:59] {Threei} [11:30] {Threei} if stays under .15
[11:59] {Threei} meaning:
[11:59] {Threei} .15 is resistance level,
[11:59] {_kenyee} ty
[11:59] {Threei} if it gets broken before trade is triggered - trade is invalidated
[11:59] {Threei} if after - trade is stopped
[12:00] {jfjf64} vad i thought ya hv sm MJ music playin in backround today for ya students
[12:00] {nemo} His wife would kill him
[12:00] {Threei} I am rather Tom Waits type
[12:01] {johnnyj} sell car and short 2 shares GOOG
[12:02] {vinod} good afternoon to all
[12:02] {Threei} vinod :)
[12:02] {johnnyj} RIMM
[12:02] {johnnyj} new leg
[12:04] {johnnyj} cruel slow lunch hour
[12:04] {magoo} im thinking time to go long everything
[12:04] {Threei} feeling suicidal today?
[12:04] {ese} i'm with ya there mags
[12:04] {magoo} holds yesterday lows
[12:05] {johnnyj} actually ia ma looking for one more leg then i am long
[12:05] {magoo} [12:04] {&Threei} feeling suicidal today?
[12:05] {johnnyj} i am
[12:05] {magoo} always vad
[12:05] {Threei} okay then
[12:05] {Threei} long GOOG
[12:05] {ese} been watching this pattern in drys most of the days and am starting to think about building a long position here
[12:05] {Threei} 5K
[12:05] {nemo} with a $70 stop
[12:06] {johnnyj} any $ left over for lunch?
[12:06] {BillyD} lol
[12:06] {Threei} you still have RIMM johnny?
[12:06] {johnnyj} Vad shakes vending machine after depositing lst quarter
[12:06] {Threei} lol
[12:06] {johnnyj} 1/2 still short
[12:06] {magoo} long aapl .29
[12:07] {johnnyj} took half at .70
[12:07] {Threei} I'd trail stop to above .85
[12:07] {Threei} here we go new low
[12:07] {Threei} bid 1/4 more .55
[12:07] {johnnyj} busted stock imo... gonna ride it for a bit... just a feel
[12:08] {magoo} AIG trying vad..any read??
[12:08] {Threei} 1:3 RIMM
[12:08] {Threei} beautiful
[12:09] {Threei} no mags
[12:09] {Threei} sorry but I already took that GOOG trade because of you
[12:09] {Threei} US) House Majority Leader Hoyer (D): Need to be open to possibility of additional fiscal stimulus spending; health care reform must be 'paid for'; with all options on table
[12:10] {Threei} almost 1:4 RIMM
[12:10] {magoo} sacraledge..but i think rimm bounce time
[12:11] {johnnyj} if .24 I will play short cover bounce
[12:12] {magoo} my read depends on mkt upward rip
[12:12] {johnnyj} 1/2 out at .40 plan
[12:12] {johnnyj} i mean 1/4 original trade
[12:13] {Threei} magoo's song when entering long for bounce:
[12:13] {Threei} So please call my missus
[12:13] {Threei} Tell her not to cry
[12:13] {Threei} 'Cause my goodbye is written
[12:13] {Threei} By the moon in the sky
[12:13] {Threei} And nobody knows me
[12:13] {Threei} I can't fathom my stayin'
[12:13] {Threei} Shiver me timbers
[12:13] {Threei} I'm a-sailin' away
06[12:14] * nemo cracks...crawls in cave, closes door, pulls blanket over head
[12:14] {jfjf64} stick to trading vad
[12:14] {jfjf64} lol
[12:14] {johnnyj} johnny waving lighter in air... calling for encore
[12:14] {magoo} what the.....
[12:14] {Threei} sigh... me is so underappreciated
[12:14] {ese} hey....i thought it sounded good.......
[12:14] {Threei} thank you ese
[12:15] {ese} you might not make my R&B band if you auditioned...but it was a good shot
[12:15] {Threei} poor Tom Waits... lol
[12:15] {johnnyj} market can go down with no volume...
[12:16] {jfjf64} who is tom waits
[12:17] {ese} vad ...what do you make of this 1 min chart for drys........look like some accumulation going on here
[12:17] {ese} i like the fact it ain't goin with the market at this point
[12:17] {johnnyj} Al Franken.... the apocolypse is here
[12:18] {nemo} 3 more years
[12:18] {Threei} http://en.wikipedia.org/wiki/Tom_Waits
[12:18] {Threei} not enough information yet ese...
[12:18] {Threei} this chart can turn eother way
[12:18] {ese} tks
[12:18] {ese} will wait
[12:20] {ese} watching the way this thing has operated the last 8 months gives me the "it's time to buy a load feeling"
[12:21] {ese} it's got that FITB feel to it for me when i was making all that money with fitb
[12:21] {Threei} quite possible,
[12:21] {Threei} same thing UAUA
[12:21] {ese} i'll check that out
[12:22] {ese} ya definately there as well
[12:27] {johnnyj} RIMM a bit more then bounce..
[12:28] {Threei} RIMM is 1:5
[12:28] {Threei} more than nice for a lunch time
[12:28] {johnnyj} out and now long...
[12:28] {johnnyj} last 1/4 .75 nice
[12:29] {Threei} yeah, for 15 cents risk?
[12:29] {dino} rimm gap around 58
[12:29] {Threei} noty sure it's time to go long yet though
[12:29] {Threei} may work... just not very compelling
[12:29] {johnnyj} i know... just a feel...
[12:29] {johnnyj} can't justify
[12:30] {Threei} don't have to
[12:30] {Threei} wait... you must
[12:30] {johnnyj} 500 word essay
[12:31] {Threei} JBLU Reports June load factor 80.3% v 77.8% y/y (4.09, -0.05, -1.21%) '
[12:34] {johnnyj} I do appreciate your feedback Vad... I am cautious in light of your advice
[12:35] {Threei} well, ultimately it all comes to risk control...
[12:43] {johnnyj} out 1/2 RIMM long .26
[12:45] {Threei} wtg
[12:49] {johnnyj} 1/4 out .50 RIMM
06[12:49] * Threei slaps johnnyj around a bit with a large roll of cash
[12:50] {johnnyj} feels good
[12:50] {jfjf64} johnny j is back
[12:51] {jfjf64} better then viagra
[12:52] {Threei} I am telling you...
[12:52] {Threei} learning never ends {G}
[12:53] {ese} out to disney all....see you all tomorow...my son son is going to do the JEDI training session this morning take care
[12:53] {jfjf64} enjoy ese
[12:54] {ese} cya jf
[12:54] {johnnyj} and remember.. that guy in the Mickey Mouse suit is a former realtor
[12:54] {BillyD} lol
[12:54] {ese} are you serious?
[12:54] {BillyD} rflol
[12:54] {johnnyj} mortgage broke
[12:54] {ese} ese...takes the bait
[12:54] {johnnyj} broker
[12:55] {ese} cya
[12:55] {BillyD} have fun ese
[12:55] {dino} sm pru l .00
[12:56] {Threei} take care ese, have fun
[12:59] {Threei} Clean Energy Fuels Strength attributed to upcoming debate on Natural Gas fuel bill in the US Senate
[12:59] {Threei} - in a note earlier today, Lazard noted "the Senate version of the NAT GAS Act is expected to be introduced on Wednesday, by Senators Robert Menendez (D-NJ) and Orrin Hatch (R-UT).
[12:59] {Threei} The bill is expected to be similar to the House of Representatives New Alternative Transportation to Give Americans Solutions Act of 2009 (NAT
[12:59] {Threei} GAS Act; HR 1835), introduced in April of this year, calling for an extension of the vehicle and station tax credit as well as the natural gas fuel credit."
[12:59] {Threei} - CNLE may also be getting a boost from an appearance by one of its largest sharesholders, T. Boone Pickens, on CNBC this morning, once again touting his plans for natural gas as an alternative fuel source for cars.
[13:00] {Threei} internal contradiction for me... I like the natural gas idea and I hate to go along with Pickens, lol
[13:02] {Threei} - indirect bidders take 54% of competitive bids
[13:02] {Threei} - notes draw 1.519% with 76.3% allotted at high
[13:02] {Threei} TBT up on that, TLT down
[13:02] {Threei} some day I'll learn how to read these numbers
[13:06] {dino} go nat. gas
[13:08] {Threei} AA Exec: Global demand is recovering; China is 'clearly out of the woods' (9.25, -0.01, -0.11%)
[13:10] {Threei} wow AA
[13:10] {Threei} didn't expect it to move on such generality
[13:10] {nemo} everything is moving
[13:11] {nemo} RIMM, FCX PRU cat
[13:11] {Threei} they all move with market
[13:11] {Threei} AA moves on this particular headline, and in muc bigger proportion
[13:12] {Threei} it reports tomorrow
[13:13] {Threei} that's probably the reason... this is being taken as guidance raised most likely
[13:14] {johnnyj} done with RIMM lst 1/4 1.01 not greedy
[13:15] {Threei} gj
[13:17] {dino} hmmm 886 holds again (so far)
[13:18] {Threei} beauty of polls is, they let you know exact % of idiots:
[13:18] {Threei} Just 27% Favor Second Stimulus Plan This Year
[13:23] {Threei} sheesh AA
[13:24] {dino} only 10% of first has been issued and they want a second, unbelievable
[13:28] {magoo} u see RTICK?
[13:28] {magoo} RICK
[13:29] {Threei} Tuesday, July 07, 2009 9:01:29 AM
[13:29] {Threei} Rick"s Cabaret International Inc. Reports June SSS +0.25% y/y
[13:29] {Threei} - Q2 SSS -5.5% y/y
[13:29] {Threei} - Q2 Total rev $20.7M (+30.3% y/y) v $18.4Me
[13:30] {dino} schn moving
[13:30] {dino} ahhh rick
[13:30] {magoo} dino favorite
[13:31] {dino} lol
[13:33] {johnnyj} completely missed the JAZZ action today...
[13:36] {johnnyj} oh my AA
[13:39] {Threei} World Bank's Zoellick: All world leaders should commit to Doha round; US should take USD comments seriously and address its fiscal position
[13:44] {Threei} UNG Trading halted; news dissemination (12.64, 0.08, 0.64%)
[13:46] {Threei} Representative of US commodity fund commented that did not have any information regarding the halt of this ETF; would later issue a PR
[13:46] {Threei} wow
[13:46] {Threei} what the deuce
[13:53] {Threei} United States Natural Gas Fund On July 6, 2009, the United States Natural Gas Fund, LP (UNG) announced in a current report on Form 8-K that only 32,100,000 of its units registered with the Securities and Exchange Commission (the SEC) were available for purchase by UNGs Authorized Purchasers.
[13:59] {Threei} AA becomes interesting
[14:00] {Threei} one more sharp leg down, and bounce play will be in order
[14:05] {jfjf64} lot of green stock not movin
[14:06] {_kenyee} do you look at the general market when trading?
[14:06] {jfjf64} hmm
[14:06] {nemo} put pieces of paper on wall with tickers...throw darts
[14:07] {jfjf64} listen to beat it by MJ
[14:07] {jfjf64} LOL
[14:07] {nemo} different indices....ie when trading financials often used fas or faz
[14:07] {nemo} watch qs spy
[14:07] {jfjf64} vad aayet
[14:09] {johnnyj} certainly you want to know how your target stock correlates to different markets
[14:09] {johnnyj} mute CNBC
[14:11] {johnnyj} GOOG can't hold 400 ... why do I care?
[14:14] {fernp} AA formed double bottom
[14:23] {dptl} have a good evening all
[14:23] {Threei} take care dp
[14:24] {Threei} _kenyee... yes, as a general directional guidance
[14:26] {_kenyee} ty
[14:28] {Threei} Senate Majority Leader Reid (D): There is no need for a second stimulus plan
[14:28] {Threei} we know, tank you
[14:28] {Threei} Note that earlier in the session, House Majority Leader Hoyer (D) said need to be open to possibility
[14:33] {johnnyj} UNG
[14:34] {dino} ndx -5.5% since july 1 high
[14:36] {magoo} any good reports tonite vad?
[14:38] {Threei} nope
[14:38] {Threei} VIMC is reporting
[14:38] {Threei} lol
[14:50] {Threei} yawn
[14:50] {Threei} (US) Reportedly Senate panel is considering alternatives to taxing healthcare benefits (related IYH )
[14:50] {Threei} ummm
[14:50] {Threei} scared to think of alternatives
[14:51] {Threei} I can just see senators going "well, let's tax... ummm (looking around) for instance... ummm"...
[14:52] {_kenyee} r u still looking a AA?
[14:53] {Threei} AA will probably be a player tomorrow, before earnings
[14:53] {Threei} today, I would feel safer with it if it dropped into .40
[14:53] {johnnyj} TECH IS SLIPPING AWAY HERE
[14:54] {johnnyj} sry about caps
06[14:56] * nemo slaps johnnyj around a bit with a large copy of mirc trading room etiquette
[14:58] {Threei} lol
[14:58] {johnnyj} left hand has a white sequined glove.. accidently hit cap lock
[14:58] {Threei} feel right at home johnny?
06[14:59] * nemo not touching that one
[14:59] {johnnyj} market sick
[14:59] {Threei} it's actually easier than yesterday
[14:59] {Threei} inactive still,
[15:00] {jfjf64} vad wfc break .60 ?
[15:00] {Threei} but we got this nice downdraft which we could read and utilize
[15:00] {Threei} unlike yesterday's prolonged lock-up period
[15:00] {Threei} if holding .50 jf?
[15:00] {jfjf64} y
[15:01] {jfjf64} ty
[15:01] {Threei} not actual anymore
[15:02] {johnnyj} boredom, then at 14:52 selling.. can't react
[15:02] {BillyD} watching AIG for possible LOD break
[15:03] {johnnyj} lod everywhere
[15:05] {jfjf64} big downdrift
[15:07] {_kenyee} is the last hour of trading any different than the rest of the day?
[15:07] {Threei} often a bit more active than lunch time
[15:08] {johnnyj} Vad is sharpenining canine teeth, readying for close
[15:09] {Threei} canine's resisting and trying to break away
[15:10] {jfjf64} .50wfc vad
[15:11] {Threei} not delighted...
[15:11] {johnnyj} feels like bounce players are done with this market
[15:13] {dino} gut feel is we are going for gap fills at 8016, 1361, 855. not today but imo before expiration
[15:15] {Threei} daily is downward-looking, I agree
[15:15] {dino} since june highs dji -8%; ndx -7%; s/p -8%
[15:15] {magoo} seems to me are are oversold...but hey...i suk
[15:15] {Threei} donwward-facing dog
[15:16] {BillyD} lol magoo
[15:16] {Threei} American International Group, Inc Reportedly loses a $4.3B lawsuit against former CEO Greenberg
[15:16] {Threei} - AIG had accused Greenberg's Starr International of breaching an unwritten trust for deferred compensation for AIG employees
[15:16] {dino} short term i agree magoo, -5.5% ndx in 3 trade days
[15:17] {dino} but gut feels gap fill in the making
[15:17] {magoo} agree
[15:17] {magoo} it ugly and manipulated
[15:18] {johnnyj} there was some decent trading/speculating today.... love to see some capitulation...
[15:18] {magoo} smells like conspiracies everywhere to hit levels
[15:19] {magoo} foolery abounds
[15:20] {johnnyj} any feel for close Threei?
[15:21] {Threei} down
[15:21] {johnnyj} agree... but doesn't feel tradeable
[15:22] {dino} c, jpm, wfc, bac refusing califirnia iou's; wsj
[15:26] {johnnyj} sort rimm under 67 for scalp
[15:27] {nemo} see that volume spike
[15:28] {magoo} when AA report again?
[15:28] {Threei} tomorrow
[15:28] {Threei} after close
[15:30] {nemo} jeez everything spiking @ 3:30ish
[15:30] {nemo} Dino's at it again
[15:31] {BillyD} SNWL for tomorrow continuation
[15:31] {BillyD} rebounds amidst the selling
[15:31] {johnnyj} they'll take the bargain hunters out back and shoot them in a few min's
[15:32] {BillyD} LOL....
[15:32] {BillyD} glad I won't be with them
[15:34] {johnnyj} my problem with the close today is that the so many daily charts gonna look broken ... not that I would ever hold overnight
[15:34] {Threei} join the firing squad Billy
[15:34] {Threei} you can get your bullets at the booth #3, manned by nemo
[15:35] {nemo} what caliber?
[15:35] {BillyD} Spectator would be less violent...I will watch you shoot
[15:35] {BillyD} lol
[15:35] {Threei} may I have the grenade, nemo?
[15:35] {nemo} actually, using swords are more fun...you get to watch the chunks come off
[15:35] {nemo} fragmentary, concussive, WP?
[15:35] {BillyD} speechless
[15:35] {Threei} speechless grenade??
[15:36] {BillyD} aren't they all to the recipients
[15:36] {nemo} you wanna see somebody writhe in agony but not terminally injure them...cut the achilles
[15:36] {Threei} again... things I learn...
[15:37] {nemo} that would have Ahhnold squeeling like a little girl
[15:37] {BillyD} I cringe at mere thought
[15:37] {nemo} or me after my vodka is taken away
[15:37] {Threei} what's with HGRD?
[15:38] {johnnyj} still watching RIMM ... move under 67 would really hurt ... thus, it seems likely
[15:39] {BillyD} HGRD mayb e ramp for 7/28 eps
[15:41] {johnnyj} 66.96 short entry
[15:43] {johnnyj} 1/2 out .12
[15:45] {dino} ppt watch
[15:46] {dino} ice bloody
[15:47] {johnnyj} ie RIMM
[15:47] {johnnyj} die
[15:48] {johnnyj} done .17 last half
[15:48] {johnnyj} too late in day
[15:48] {Threei} good finish
[15:49] {dino} wynn 5 day -23%
[15:49] {dino} penn holds better
[15:49] {Threei} MGM in green still
[15:49] {dino} rimm wants 65 strike soon
[15:50] {dino} intc upgrade no help
[15:51] {johnnyj} don't even know what's for dinner... can't think that far ahead
[15:51] {johnnyj} bad daily candle for the IBD crowd to admire
[15:51] {Threei} day traders are forbidden to have memory/attention span longer than 7 mnutes
[15:52] {johnnyj} often wondered what the number of min was
[15:52] {Threei} fish is about 18 seconds
[15:53] {johnnyj} more evolved
[15:53] {cosmo} i got down to three seconds after the operation
[15:53] {Threei} you caught up with me and moth, cosmo
[15:53] {cosmo} i can still drive too
[15:54] {Raven} sigh
[15:54] {Threei} why do you think I try to answer all the question as quickly as possible
[15:54] {nemo} what state you in cosmo?
[15:54] {johnnyj} bliss
[15:54] {nemo} nice
[15:54] {Threei} lol
[15:54] {nemo} I was talking physical location
[15:54] {cosmo} checking
[15:54] {Threei} oh.. Bliss, CA then
[15:55] {dino} roflol johnny
[15:55] {Threei} I like johnny's answer to much to let it get wasted
[15:56] {dino} at this pace could fill those gaps around tomorrows open
[15:56] {Threei} gotta remember to watch AA tomorrow
[15:56] {dino} gap down fill, then big up
[15:57] {Threei} okay guys
[15:57] {Threei} thank you all
[15:57] {johnnyj} complete carnage at close
[15:57] {Threei} have a great evening
[15:57] {BillyD} cya all tomorrow
[15:57] {Threei} see you tomorrow
[15:58] {dino} cya 3i
[15:58] {dino} dji-8%
[15:58] {dino} june highs