Wednesday, July 22, 2009

Jul 22 2009

Very nice morning with three quick wins, then things got dull. MS, HIG, SBUX worked like charm.

Session Time: Wed Jul 22 00:00:00 2009

[08:00] {Threei} Wells Fargo & Co Reports Q2 $0.57 v $0.34e, R$22.5B v $20.5Be
[08:01] {Threei} NVAX Announces Selection of a Respiratory Syncytial Virus Vaccine Candidate for Advanced Preclinical Studies (3.19, 0.00, 0.00%)
[08:02] {Threei} MS Reports Q2 -$1.37 v -$0.49e, R$5.4B v $5.35Be
[08:03] {Threei} ONXX Study shows Nexavar in combination with Chemotherapy helps fight breast cancer (31.62, 0.00, 0.00%) (related BAY.GE )
[08:04] {Threei} grabbed MS short at 26.93 :)
[08:05] {Threei} covered +1
[08:05] {BillyD} gm
[08:05] {Threei} Billy :)
[08:05] {BillyD} nice already
[08:05] {Threei} big earnings miss
[08:06] {Threei} ONXX nothing was available when news came out
[08:06] {Threei} and WFC was confusing
[08:06] {Threei} looked as long first few seconds, then reversed hard
[08:11] {BillyD} u watching wfc
[08:11] {Threei} too wild
[08:12] {BillyD} doesn't give clear direction
[08:12] {BillyD} you pick MS up on news scanner
[08:17] {Threei} yes
[08:17] {Threei} 08:02] {Alert} Threei MS Reports Q2 -$1.37 v -$0.49e, R$5.4B v $5.35Be
[08:30] {JohnK} gm folks
[08:30] {Threei} Jonh :)
[08:30] {Threei} *(CA) CANADA MAY RETAIL SALES M/M: 1.2% V 0.5%E; EX AUTO M/M: 0.7% V 0.5%E
[08:30] {BillyD} Hi John
[08:41] {magoo} morning
[08:41] {BillyD} magoo
[08:41] {Threei} mags :)
[08:42] {magoo} hi vad..what u watchin?
[08:42] {Threei} MS, WFC, BCRX, HGSI
[08:43] {magoo} i see financial down..reports bad?
[08:43] {Threei} caught MS short earlier
[08:43] {Threei} yeah
[08:43] {magoo} nice
[08:45] {BillyD} BCRX shortable
[08:50] {magoo} yea
[08:52] {nemo} awi[awa jq
[08:52] {nemo} I feel like Mags writes
[08:54] {Threei} nemo :)
[08:57] {fernp} good morning everybody
[08:57] {Threei} fern :)
[08:57] {BillyD} HGSI holds it gap fairly well
[08:58] {nemo} fcx and rimm currently nice dbi formations, well fcx dropping as I write this
[08:59] {Threei} stop writing, maybe it'll stop dropping
[09:00] {magoo} CAT heading down
[09:09] {cosmo} SBUX hod
[09:09] {cosmo} 16.30 spike last night
[09:10] {Threei} Yesterday 16:05 SBUX Reports Q3 $0.24 v $0.19e, R $2.4B v $2.38Be
[09:10] {Threei} - Q3 US SSS -5%, International SSS -2%
[09:10] {Threei} - Q3 US Operating Margin 8.5% v -0.8% q/q
[09:10] {Threei}
[09:10] {Threei} and couple upgrades
[09:12] {cosmo} SBUX should hold 16
[09:13] {Threei} {SBUX} don't tell me what to do
[09:13] {cosmo} needs to hold 15.90 imo
[09:15] {dino} gm all
[09:16] {Threei} dino :)
[09:18] {dptl} good morning all
[09:19] {Threei} dp :)
[09:20] {magoo} vad, look ONXX
[09:22] {Threei} [08:03] {Alert} Threei ONXX Study shows Nexavar in combination with Chemotherapy helps fight breast cancer (31.62, 0.00, 0.00%) (related BAY.GE )
[09:23] {ese} good morning.........
[09:24] {dino} fuqi
[09:24] {BillyD} ese :)
[09:24] {fernp} ese
[09:24] {Threei} ese :)
[09:24] {ese} howdy boyzzzza.....
[09:24] {Threei} FUQI International Offering 4.5M shares (20.4% of shares oustanding)
[09:24] {Threei} - will also grant a 30-day option to the underwriters for the purchase of up to an additional 675,000 shares of common stock to cover over-allotments.
[09:26] {Threei} so far MS formed resistance at 26.50
[09:26] {Threei} let's see if we get a short setup
[09:28] {jfjf64} mornin all
[09:28] {Threei} jf :)
[09:28] {_patel} good morning traders. Today is my 1st day in this chat
[09:28] {BillyD} welcome
[09:29] {Threei} morning payel, welcome
[09:29] {Threei} patel, sorry
[09:29] {nemo} forgive Vad's typing
[09:29] {nemo} it's always like that
[09:29] {_patel} lol
[09:29] {Threei} yup
[09:29] {Threei} too bad you haven't started yesterday, LOL
[09:30] {jfjf64} patel mk money early fun later welcome
[09:30] {cosmo} FUQI heals it seems
[09:30] {nemo} first time I ever saw someone type with a Ukranian accent
[09:30] {Threei} .short ms .30 break half lot
[09:30] {cosmo} oops
[09:30] {Threei} Short Setup: MS .30 break half lot
[09:30] {Threei} stop above .50
[09:33] {Threei} invalidated
[09:35] {Threei} wow SBUX
[09:35] {Threei} pullback into .30 is long
[09:35] {cosmo} drink-up
[09:36] {nemo} ms collapsed
[09:36] {nemo} has ms I guess
[09:36] {jfjf64} sbux??
[09:36] {Threei} well, no setup on MS that we could utilize
[09:36] {nemo} understood
[09:37] {Threei} jf... don't scream at me that early...
[09:37] {Threei} [09:35] {Threei} wow SBUX
[09:37] {Threei} [09:35] {Threei} pullback into .30 is long
[09:38] {jfjf64} afl vad ya lk
[09:38] {Threei} 33 break...
[09:38] {Threei} could be
[09:38] {Threei} too fast eh
[09:39] {jfjf64} y
[09:39] {Threei} see if pulls back under 33
[09:39] {jfjf64} hig also
[09:39] {Threei} Long Setup: SBUX .55 if stays above .45
[09:39] {nemo} oops
[09:40] {jfjf64} missed
[09:40] {Threei} sheesh... things are hectic
[09:40] {Threei} yeah, too fast
[09:40] {nemo} ms had a short setup support for 3 minutes
[09:40] {jfjf64} orex lk
[09:40] {nemo} kinda' repeat yesterday morning
[09:41] {Threei} OREX... .89 break
[09:41] {Threei} very risky one
[09:42] {Threei} Long Setup: HIG 12 break
[09:42] {Threei} support is .95 or .90, both a valid
[09:44] {Threei} SBUX
[09:44] {Threei} pulling back for entry
[09:44] {Threei} first strength from here
[09:44] {Threei} .56 long trigger
[09:45] {Threei} if stays above .45
[09:47] {Threei} 1:1
[09:47] {fernp} ty
[09:47] {BillyD} out ty
[09:47] {Threei} finally, got one
[09:47] {nemo} ty
[09:47] {Threei} 1:2
[09:47] {magoo} in orex
[09:48] {JohnK} great trade SBUX thx T :)
[09:48] {Threei} welcome
[09:48] {Threei} good illustration to "let the price come to you"
[09:48] {jfjf64} cafe latte for alll ty ty ty
[09:48] {JohnK} still waiting for HIG
[09:49] {Threei} HIG is taking its sweet time
[09:49] {Threei} MS is back into resistance
[09:49] {Threei} no read on it
[09:49] {Threei} weird moves
[09:50] {Threei} you got OREX on pullback into trigger mags?
[09:50] {magoo} yea
[09:50] {Threei} sold any yet?
[09:50] {Threei} nice jump after your entry
[09:51] {nemo} in hig
[09:51] {JohnK} me too
[09:51] {Threei} Long Setup: RIMM .80 break
[09:52] {Threei} if stays above .65
[09:52] {Threei} HIG 1:1 for hardcore scalpers
[09:52] {fernp} ty again
[09:52] {Threei} :)
[09:53] {ese} wfc beats the street and gets trashed.......
[09:53] {Threei} SEC Schapiro: would be helpful for congress to pass legislation requiring mandatory registration by credit rating agencies
[09:53] {Threei} RIMM 1:1
[09:53] {Threei} 1:2
[09:53] {magoo} 08 rimm TY
[09:54] {JohnK} out of both HIG and RIMM thx T great day so far :)
[09:54] {Threei} good job John
[09:54] {BillyD} ty RIMM
[09:54] {jfjf64} out rimm
[09:54] {Threei} is summer over?
[09:54] {BillyD} let's pray
[09:54] {Threei} sure trading yesterday and today feels like it
[09:54] {ese} nice job on Hig john
[09:54] {Threei} fast, furious, determined
[09:54] {magoo} out OREX here TY
[09:55] {Threei} RIMM explosion
[09:55] {jfjf64} blackberrys for all and latte
[09:55] {Threei} lol
[09:55] {jfjf64} lol
[09:55] {JohnK} thx ese - I had some help :)
[09:55] {Threei} jf... do I have a surpise for you
[09:55] {jfjf64} more pictyures
[09:56] {Threei} YES!
[09:56] {Threei} lol
[09:56] {jfjf64} ya readin is on pictures for all
[09:56] {Threei} most of all I am happy that I felt this spike of activity coming... remember my Monday warning that market is pregnant with something big?
[09:56] {Threei} tells me I am not fully numb despite coma
[09:57] {BillyD} good read
[09:57] {wulff} never fails to amaze me
[09:57] {BillyD} keep up the good work!
[09:57] {jfjf64} ya still im rimm
[09:57] {Threei} HIG... move 3-5 cents more, will ya?
[09:57] {nemo} I scalped and a half @ .08
[09:58] {jfjf64} ese buy 50000 shares for us
[09:58] {chiro} ss WFR 20.53
[09:59] {Threei} stop above .60?
[09:59] {Threei} or you are keeping it wider for bigger move?
[09:59] {Threei} MAY HOUSE PRICE INDEX (M/M): 0.9% V -0.2%E
[09:59] {Threei} - prior revised from -0.1% to
[09:59] {Threei} wow
[10:00] {Threei} good boy HIG
[10:00] {Threei} 1:1 for those who kept stop under .90
[10:00] {chiro} stop BE...out partial @ .39
[10:00] {Threei} 1:2 for .95ers
[10:01] {Threei} Fed's Bernanke repeats testimony from Tues
[10:01] {nemo} that housing number rocketing the dow
[10:01] {Threei} why, they didn't get it first time?
[10:01] {magoo} out hig .12 TY vad
[10:01] {magoo} out sbux .94 ty vad
[10:01] {Threei} welcome mags... didn't think you'd play it
[10:01] {Threei} slow one, not really your type
[10:01] {magoo} i know
[10:01] {magoo} torture
[10:02] {Threei} now SBUX... yeah, it's caffeine loaded and is totally yours
[10:02] {magoo} but had sbux rimm hgsi to keep me busy
[10:02] {BillyD} good hold on SBUX mags
[10:02] {Threei} okay, daytraders get almost 1:2 on HIG,
[10:02] {Threei} so make up your mind:
[10:02] {Threei} full out or 1/4 and trail
[10:02] {nemo} look at ms
[10:03] {Threei} I don't want to
[10:03] {BillyD} MS like nothing ever happened
[10:03] {Threei} US Treasury's Wolin: markets showing signs of stabilization
[10:03] {Threei} that's the advantage of ms, billy
[10:04] {Threei} hey... that was a good joke... have nercy anyone
[10:04] {Threei} ms
[10:04] {Threei} as in multiple sclerosis?
[10:04] {Threei} sigh...
06[10:04] * Threei leaves this world for monastery
[10:05] {Threei} see you in three years
[10:05] {jfjf64} sbux settin up again
[10:05] {Threei} good bye cruel workld
[10:05] {nemo} I[09:36] {nemo} ms collapsed
[10:05] {nemo} [09:36] {nemo} has ms I guess
[10:05] {Threei} great nemo... not only we have similar sense of humor,
[10:05] {Threei} no one underdtand or appreciates either of us
[10:06] {nemo} Yeah, ask my ex
[10:06] {jfjf64} fmbi
[10:09] {Threei} adrenalin deprived, keep an eye on HGSI
[10:09] {Threei} inching toward yesterday's high
[10:11] {jfjf64} ms wow
[10:12] {jfjf64} orex pullbk
[10:13] {wulff} RIMM looks too obvious
[10:14] {chiro} out WFR +.25
[10:15] {fernp} gj chiro
[10:16] {BillyD} Vad SBUX here over .81
[10:16] {BillyD} too late
[10:16] {magoo} oh shit look OREX
[10:16] {Threei} not sure about it Billy
[10:16] {Threei} yeah, OREX went postal on us
[10:16] {BillyD} maybe more PB
[10:17] {nemo} market weakening hig holding
[10:18] {jfjf64} yes nemo
[10:18] {BillyD} HIG surprised me
[10:19] {nemo} scalper reentry .21 break after tht big orer?
[10:19] {nemo} that, order
[10:19] {BillyD} RIMM bounce area
[10:19] {Threei} trying to make my peace with the fact that it looks too perfect nemo
[10:20] {nemo} if holds .15
[10:20] {nemo} or .14
[10:22] {nemo} so much for that
[10:24] {jfjf64} rimm
[10:27] {BillyD} AFL .51
[10:30] {jfjf64} billy d ya want trigger at 33.51 afl
[10:30] {Threei} DOE CRUDE: -1.8M V -2ME; GASOLINE: +813K V +750ME; DISTILLATE: +1.2M V +1.5ME
[10:30] {BillyD} thinking about it, will need mkt help, also wanted it to hold .40
[10:31] {magoo} rimm short vad?
[10:32] {BillyD} AFL invalidated for me
[10:32] {Threei} can't tell mags
[10:32] {Threei} bounce is equally likely here
[10:33] {magoo} read on HGSI?
[10:35] {Threei} none here but will be watching for bounce if dives under 14
[10:35] {Threei} alternatively, some consolidation under .20, then break
[10:38] {BillyD} SBUX pretty strong considering mkt PB
[10:41] {BillyD} OREX may have more
[10:41] {jfjf64} 92000 just went through orex
[10:42] {jfjf64} lot buyers
[10:42] {magoo} whats news OREX
[10:42] {jfjf64} and sellers
[10:42] {magoo} becomiong a HGSI
[10:42] {jfjf64} lol
[10:42] {BillyD} was hoping for more consolidation on it
[10:43] {Threei} 20 Jul 2009 06:59 OREX Contrave Phase III program meets co-primary and key secondary endpoints
[10:43] {Threei}
[10:43] {magoo} ty
[10:43] {jfjf64} .30 break looks lk it was set up
[10:43] {Threei} SEC's Shapiro: Will make a decision with regards to short sales within the next two months; still considering circuit breakers and reinstatement of uptick rule - Q&A
[10:44] {jfjf64} tarr and feather shapiro get a life
[10:45] {Threei} this is so funny
[10:45] {Threei} with everything that is going on they waste the time and effort on this irrelevant bs?
[10:46] {nemo} Yes, and No...we know it doesn't mean diddly...but the masses are calling for action. You throw them a bone, so they can go back home, watch TV, and drink beer
[10:46] {jfjf64} market showin life and they want to fixx it
[10:46] {Threei} masses don't are when market goes up
[10:47] {Threei} and it did - even though all the short selling rules are in place
[10:47] {jfjf64} sound lk me nemo comon
[10:47] {BillyD} shorts help mkt go up....educate the masses
[10:48] {BillyD} OREX makes the .12 breakout play look easy now
[10:48] {nemo} You can't educate the masses...they're dumb. Paradoxes are beyond them
[10:49] {jfjf64} lookin at that how did i miss that
[10:49] {BillyD} it was spike from .87 - 9.03 for that kept me out
[10:50] {Threei} well, it's right back into that level
[10:53] {jfjf64} vad usb tk look
[10:54] {Threei} don't know
[10:59] {magoo} bib bouncerimm
[10:59] {magoo} sigh typing
[11:03] {magoo} rimm again
[11:07] {_patel} quick question? with me trading small (100 to 400) shares. How should I take profits? Close the position or take partials.
[11:08] {Threei} not much room for partials with 100 shares...
[11:08] {Threei} it's a training size really, not money making size
[11:08] {_patel} well, threei, I like your risk reward
[11:08] {_patel} so i probably be doing 500 shares.
[11:08] {Threei} just not at once
[11:09] {Threei} there is a procedure for defining yor position size,
[11:09] {Threei} and for gradual increase of it
[11:09] {magoo} amzn read vad?
[11:09] {Threei} none here mags, things lost the drive for now
[11:17] {Threei} ok... activity died down for a while
[11:17] {Threei} jf
[11:18] {Threei} drum roll
[11:18] {Threei} http://www.realitytrader.com/photography/2009/07/city-bird.html
[11:18] {ese} i can do that drum roll
[11:18] {Threei} :)
[11:18] {Threei} you'll recognize the place ese
[11:19] {dino} major tech issues, ughhhhhhhh
[11:19] {ese} kind of
[11:20] {Threei} Beacon Hill park, from the Douglas rd entry
[11:20] {ese} ahhhhh....i wouldn't have got that
[11:21] {jfjf64} very nice vad nice
[11:21] {Threei} ty
[11:21] {ese} those are very good pictures though vad......
[11:21] {ese} artistically well done
[11:21] {BillyD} Vad, a second calling
[11:22] {jfjf64} for sure dont leave us yet
[11:22] {Threei} sorry jf, that monastery is settled deal
[11:23] {ese} ya right!!!!! with stocked vodka cabinet.......
[11:24] {jfjf64} vad all kiddin aside showw us the GOOD pictures
[11:24] {Threei} and you should see the nuns...
[11:24] {ese} ouch!
[11:24] {fernp} nice pics, Vad
[11:24] {Threei} sorry jf, what you and magoo consider good pictures is not suitable for the family room {G}
[11:25] {Threei} ty fern
[11:25] {jfjf64} always fun here mk cash early hv fun i cd live with this
[11:26] {jfjf64} good adrenline rush earlier
[11:26] {Threei} we cd too espcly if you strtd typng whole wrds
[11:26] {BillyD} roflol
[11:28] {jfjf64} genz vad any read
[11:29] {Threei} well
[11:29] {Threei} formally, .65 is long trigger
[11:29] {Threei} stock calls for half lot
[11:30] {Threei} reliability of it here is questionable
[11:30] {Threei} I personally will skip this one
[11:37] {jfjf64} genzin .68
[11:38] {jfjf64} out .78
[11:38] {Threei} stinkin' scalper
[11:39] {magoo} hgsi losdt 14
[11:39] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
[11:39] {Threei} see GENZ?
[11:39] {Threei} thin stock...
[11:39] {Threei} moves easily
[11:44] {magoo} like pulp
[11:46] {jfjf64} im outta here my friends ty vad
[11:46] {Threei} take care jf
[11:47] {fernp} bye jf
[11:47] {jfjf64} goin to get me a latte at sbux
[11:48] {BillyD} OREX maybe if takes .20 with some action
[11:54] {nemo} DB on cat?
[11:54] {nemo} or higher low
[11:57] {BillyD} small range today so far
[12:02] {BillyD} Vad, see any worthwhile setup forming ob SBUX
[12:02] {BillyD} besides a first B?O
[12:02] {BillyD} B/o
[12:03] {Threei} b/o is it
[12:03] {Threei} 17.10 break if hlding above 17
[12:03] {Threei} how reliable it is at this time of the day, I'll leave to your discretion
[12:04] {BillyD} lol............why I am asking you
[12:04] {BillyD} marginal
[12:05] {Threei} let's say 52/48 :)
[12:05] {BillyD} BCRX holds a tight range here, could be something later off .80
[12:05] {BillyD} lol
[12:17] {Threei} lol... really takes patience eh
[12:17] {Threei} but... so far so good
[12:17] {Threei} and 1:1 is coming
[12:17] {BillyD} never took it
[12:18] {Threei} okay
[12:18] {BillyD} it held very strong on mkt PB
[12:18] {Threei} yup
[12:18] {Threei} 1:1
[12:18] {Threei} crying yet?
[12:19] {BillyD} .18 is the high from 8/15/08
[12:19] {Threei} gosh... you dig deep {G}
[12:19] {BillyD} nah...I did try at .14 but it jumped too dfast after it hekd
[12:19] {BillyD} maybe too deep.........
[12:19] {Threei} hehe
[12:19] {BillyD} lol
[12:21] {Threei} 1:2 is on horizon
[12:21] {BillyD} ok...now I'm crying
[12:22] {Threei} tell me when to shut up
[12:22] {Threei} :)
[12:22] {BillyD} I didn't realize you put so much emphasis on that extra 2% as confidence 52/48
[12:23] {Threei} lol
[12:24] {BillyD} I am always learning something new
06[12:26] * Threei whispering "1:3 is coming"...
[12:26] {magoo} which stok?
[12:27] {BillyD} this is good conditioning....ty
[12:27] {ese} am outa here today....have a tee time in 1 hour catch ya tomorow
[12:27] {BillyD} SBUX magoo
[12:27] {Threei} take care ese
[12:27] {fernp} bye ese
[12:28] {Threei} (US) House Speaker Pelosi (D): There are enough votes to pass the healthcare bill in the House
[12:28] {Threei} - intend to have a vote on the bill some time next week; waiting to see what the Senate is doing. (related IYH )
[12:28] {BillyD} MKT help big time on SBUX
[12:31] {dino} supx
[12:32] {dino} l .83 stop .71
[12:32] {dino} safm, ati, aan
[12:33] {dino} working backwards on old system
[12:33] {BillyD} scalping dino
[12:34] {dino} yeah, out of it a bit today
[12:36] {BillyD} look at HIG
[12:36] {BillyD} another one proved me wrong for thinking
[12:42] {Threei} well
[12:42] {Threei} by now you know thinking is not good for you
[12:43] {BillyD} yes
[12:45] {dino} supx stopped
[12:57] {dino} twm l .39 stop lod
[13:09] {BillyD} BCRX
[13:17] {fernp} SBUX new high
[13:20] {Threei} amazingly sustainable movement
[13:21] {Threei} and BCRX... it starts looking like another run in the making
[13:24] {dino} will they do 11 in a row up?
[13:41] {larisa} i think all time record is 19 days for Nasdaq
[13:41] {Threei} realy?
[13:41] {Threei} when?
[13:41] {Threei} I bet 1999!
[13:42] {larisa} 1979 i think, but i am not sure, read that article long time ago
[13:42] {Threei} lol, whole 1999 in my memory is one movement up
[13:43] {Threei} of course my memory doesn't go further than 3 days ago
[13:43] {Threei} so don't rely on it
[13:49] {Threei} BCRX...
[13:50] {Threei} 8.02 break long half lot
[13:50] {Threei} if stays bove .90 - .95 zone
[13:51] {Threei} has a chance to go loco
[14:09] {Threei} yawn
[14:10] {dino} out twm .70, +.31
[14:11] {nemo} out bcrx
[14:15] {BillyD} mkt got tight again after this morning
[14:17] {BillyD} OREX holds .90 well, worth a shot short if breaks it
[14:20] {Threei} summer returned this afternoon, lol
[14:35] {dino} safm hl l .80
[14:38] {_bradc} If your triggers hit and get stopped is it a valid play the other way?
[14:38] {Threei} often yes
[14:39] {Threei} unless it's decisively against the market direction, most setups are two-sided
[14:39] {Threei} meaning, invalidation can be taken as trigger to play the opposite way
[14:40] {Threei} I prefer to play invalidation rather than stop for this
[14:40] {Threei} less chance for a shakeout
[14:41] {_bradc} in a ranging market it seems that if the trigger hits goes weakly and you do not enter and wait for invalidation it seems to give a confirmation of the invalidation direction
[14:42] {Threei} often, yes
[14:43] {Threei} another scenario is, you do not enter, it moves 40 cents with no pullback and you rip the hair of your head... enter SBUX break at 17.10 :)
[14:44] {_bradc} what do you mean you 'prefer to play invalidation rather than stop'?
[14:44] {nemo} rimm vad
[14:44] {nemo} winkle
[14:45] {Threei} meaning, I prefer to play agaianst original setup direction if it gets invalidated - stoo level is hit before the trigger,
[14:45] {Threei} rather that stop where it's (stop) is hit after trigger
[14:45] {Threei} invalidation does no harm, just cancels the setup
[14:45] {Threei} stop is actual stop
[14:50] {cosmo} CKSW tests 8 hod soon
[14:51] {cosmo} 8 wall
[14:52] {Threei} LLTC...
[14:53] {Threei} if market repeats big uopward spurt, this one has a chance
[14:56] {larisa} when did we have big one.. just checking :)
[14:56] {Threei} can't get rid of feeling BCRX is not done
[14:56] {Threei} UBSS 8.01 order just begs for a play
[14:57] {BillyD} like yesterday at .51
[14:58] {Threei} right
[14:59] {Threei} 6.5K at .86 taken
[15:00] {Threei} Shoppertrak: May and June Mall traffic is unchanged, foot traffic in malls is at pre-recession levels (related RTH )
[15:01] {Threei} guess who is coming on TV
[15:01] {_mikej} bcrx short or long
[15:02] {Threei} neither so far
[15:02] {Threei} l,ong if takes that huge offer at 8.01
[15:04] {Threei} turns into bounce play if this offer at .77 is taken
[15:05] {Threei} stop under .70
[15:06] {Threei} nope, no go
[15:09] {BillyD} just enough to shake
[15:09] {Threei} prone to do that... that's why I alerted to half lot
[15:11] {dino} safm to flat
[15:14] {dino} stopped
[15:24] {Threei} HGSI diving
[15:25] {magoo} back, we in anything?
[15:25] {magoo} been gone since 1pm
[15:25] {dino} ati l .30, stop .13
[15:25] {Threei} in navel-gazing mode mags
[15:25] {Threei} fast drop HGSI, maybe something materializes here
[15:26] {dptl} have a great evening all ,see ya tomorrow
[15:26] {dino} cya dp
[15:26] {Threei} take care dp
[15:27] {nemo} I'm off too...leaving I mean...we're all aware of my mental state
[15:27] {nemo} c u 2morow
[15:28] {Threei} take care nemo
[15:28] {dino} cya nemo
[15:33] {fernp} see u all tomorrow. good evening
[15:33] {Threei} fern :)
[15:36] {dino} cya fern
[15:50] {dino} out ati .55, +.25
[15:53] {dino} thx all, gotta hop, tee time in 30
[15:54] {Threei} see you tomorrow dino
[15:54] {BillyD} cya dino
[15:54] {dino} indeed
[15:56] {_bradc} do these scalping set ups work on a longer time frame?
[15:56] {Threei} sure
[15:56] {Threei} there is no such hing as scalping setup
[15:56] {Threei} scalping is not a trading system
[15:59] {Threei} wow
[15:59] {Threei} HGSI
[15:59] {Threei} what was that?
[16:00] {BillyD} news or major squeeze
[16:00] {Threei} I don't see any news
[16:01] {Threei} QCOM Reports Q3 $ v $0.52e, R$2.75B v $2.73Be
[16:01] {Threei} .44 vs .52
[16:02] {larisa} bye :)
[16:02] {Threei} thank you all
[16:02] {Threei} have a good evening
[16:02] {Threei} see you tomorrow :)
[16:02] {BillyD} bye Larisa
[16:02] {larisa} :)
[16:03] {BillyD} Vad, any OREX news
[16:03] {Threei} no
[16:03] {BillyD} ty...have a good evening
[16:04] {Threei} wait
[16:04] {Threei} here it is
[16:04] {Threei} Announces Proposed Public Offering of Common Stock
[16:04] {Threei} no pricing
[16:04] {BillyD} of course not :)